Business news from Ukraine

Business news from Ukraine

FOREIGN OWNER OF POBUZHSKY FERRONICKEL PLANT IN UKRAINE STOPS SUPPLIES OF NICKEL ORE FROM INDONESIA

3 September , 2020  

The Solway Investment Group international investment group, owning Pobuzhsky Ferronickel Plant (PFP, Kirovohrad region), has stopped supplying nickel ore to Ukraine from Indonesia due to the export ban of this state.

“At the moment, we do not supply ore from Indonesia to Ukraine. The Solway Group is developing two ferronickel projects in Indonesia, and they provide the most modern waste disposal and closed water supply technologies,” the company said in response to a request from Interfax-Ukraine.

At the same time, they said that “regarding PFP, we inform you: the plant is fully provided, operates at full capacity and in the long term there are/are being worked out various options for providing high-quality raw materials.”

PFP processes about 1.5 million tonnes of ore per year, which was previously supplied from Guatemala (about 45% of supplies in monetary terms) and Indonesia (55%).

Indonesia announced the introduction of a ban on the export of nickel ore, first from October 28, 2019, then from January 1, 2020.

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