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Search resuls for: "Anindya Bakrie"


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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIndonesia's Kadin Chairman: 'Feasible' to reduce Chinese ownership of nickel projects in the countrySpeaking at the sidelines of Milken's Asia Summit, Anindya Bakrie, CEO of Bakrie & Brothers and newly appointed chairman of the Indonesian Chamber of Commerce and Industry (Kadin), discusses the country's critical minerals industry and says that Indonesia has "all the potential" to export nickel to Western nations.
Persons: Anindya Bakrie Organizations: Milken's Asia, Bakrie, Brothers, Indonesian Chamber of Commerce and Industry Locations: Indonesia
Indonesia's Bakrie Group says it wants to get involved in nickel
  + stars: | 2024-02-15 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIndonesia's Bakrie Group says it wants to get involved in nickel but it's the 'tip of the iceberg'Anindya Bakrie, CEO of the Indonesian conglomerate, says it has been "involved in a lot of critical minerals, such as copper and gold. Now, we want to focus on nickel as well — but nickel is just the tip of the iceberg."
Persons: Bakrie Locations: Indonesian
Gilarsi W. Setijono, chief executive of Bakrie Group's EV distributor unit PT VKTR Teknologi Mobilitas, said the Indonesian company plans to acquire a nickel mine in Central or Southeast Sulawesi to supply the park. It also aims to produce 20 GWh worth of EV batteries per year by 2028 for both domestic and export markets, he said. The consortium will launch a pre-feasibility study in March and firm up each company's investment afterwards, Gilarsi said, noting that Bakrie Group hopes to become a controlling stakeholder. Separately, Bakrie's VTKR plans to launch a $60 million initial public offering in the first half of 2023 to invest in its own EV production, Gilarsi said. Indonesia is keen capitalise on its rich nickel reserves to develop battery and EV industries.
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