Huayou plans to invest USD$713m in Indonesian nickel project and...

Huayou plans to invest USD$713m in Indonesian nickel project and further USD$147m in DRC’s copper project.
Would they be betting on DRC’s lithium project???

Currently AVZ’s market cap is about USD$72m.

Downside risk is to 3.8c, upside is high return, imo.


A total investment of 1.28 billion US dollars in Jiaxing history, the largest overseas investment project approved

2019-02-25 07:47:13 Source: Jiaxing Daily reporter Zheng Xiaomei correspondent Zhang Haofu

The reporter learned from the Municipal Bureau of Commerce yesterday that Zhejiang Huayou Cobalt Co., Ltd. applied for the newly established Huayue Nickel Cobalt (Indonesia) Co., Ltd. in Indonesia, which was recently approved by the Ministry of Commerce. The total investment of the project is 1.28 billion US dollars. According to reports, this is the largest overseas investment project in the history of Jiaxing, marking the city's investment cooperation in the “Belt and Road” has reached a new level.

It is reported that the project is located in Sulawesi, Indonesia, with a total investment of 1.28 billion US dollars, of which the Chinese investment is 1.23 billion US dollars. It consists of two Chinese shareholders of Huayou Cobalt and Yongqing Science and Technology and two foreign shareholders. Industry shares accounted for 58%. The project is mainly engaged in the manufacture of non-ferrous base metals and the basic trade of metal ores and metals. The project is expected to go into production by the end of 2020.

At the beginning of this year, Huayou Cobalt announced that the company's subsidiary CDM company plans to invest 147 million US dollars to build a Congo (gold) PE527 mining rights Rukuni mine with an annual output of 30,000 tons of electrowinning copper project.

In recent years, the city has actively responded to the national “One Belt, One Road” initiative, vigorously promoted enterprises to “go global”, actively participated in international capacity cooperation, launched cross-border mergers and acquisitions, opened overseas marketing networks, effectively avoided international trade frictions, and conducted overseas investment in an orderly manner. A good result. In January of this year, there were 11 foreign investment projects in the city, 5 more than the same period of last year, and the direct investment amount was more than four times that of the same period last year. Driven by large projects such as Huayou Cobalt, Zhenshi Group, China Jushi, and Follett, “Jiaxing Manufacturing” accelerated to go global.


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