Aneka Tambang (ASX:ATM) partnered with energy distributor PT PLN to supply electricity to its ferronickel smelter in Southeast Sulawesi, according to a Tuesday filing with the Australian Securities Exchange.
The ferronickel smelter, managed by the Indonesian mining company's Kolaka Nickel Mining unit, has a production capacity of 27,000 tons of nickel in ferronickel per year.
The collaboration will enable the company to transition to renewable energy sources in support of Indonesia's national decarbonization program, the filing said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.