Asset Report
PT Ceria Nugraha Indotama FeNi nickel operation
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Report summary
The Ceria FeNi operation is planned to be constructed in phases, with Phase 1 establishing the operation of one 72 MVA electric furnace line, Phase 2 operation of the second 72 MVA electric furnace line and Phase 3 the operation of the remaining two 72 MVA electric furnace lines. Once all phases are completed FeNi production capacity will sit at 55.6 kt/a Ni (or 252.7kt FeNi containing 22% Ni), with the FeNi product to be transported as shot. On 27th April 2025, the company announced the first FeNi production from Phase 1. The current timeframe indicates that Phase 2 will be completed by PT Wijaya Karya (Persero) Tbk in 2027. The company is also planning to build HPAL (high-pressure acid leach) capacity at the same site with a view to using both FeNi and MHP to produce nickel products such as nickel sulphate, precursors and cathode materials that are suitable for use in EV batteries. Commissioning of the HPAL operation is slated for 2028.
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