Government threatens to take over Chinese-owned Widabe nickel mining venture
The Forest Management Remediation Working Group said that if PT Weda Bay Nickel fails to pay the administrative fine for illegal occupation of forest land, further legal measures may be taken.The company has filed a complaint against the fine and plans to engage in dialog. This comes after the working group recovered a total of 321.07 hectares of the company's mining area with PT Tonia Mitra Sejahtera without forest land borrowing permits, of which Weda Bay Nickel has 148.25 hectares in central and eastern Hamahira and Tonia Mitra has 172.82 hectares in Bombana, Southeast Sulawesi.
The Working Group may take strong measures up toRevocation of operating licenses. The business complaint was followed by aMaximum 30-day resolution periodThe overdue period can beResumption of land, seizure of assets or revocation of licensesThe minority shareholders of Weda Bay Nickel have indicated that they do not know the amount of the fine and the reasons for the complaint, but respect the Government's decision and support its cooperation with the authorities to ensure legal operations. To date, the Working Group has filed a total of three complaints against71 palm oil and mining companies fined Rp 389 trillion, Weda Bay Nickel among themThe
The company's nickel concessions are locatedCentral and eastern Hamahela, North Maluku Province, adopted in 2019Special mining licenses(valid until 2069) operated by Chinese-owned Thingshan Group with 51.2%, France's Eramet 37.8%, and Indonesia's ANTM 10%. 52 million tons of nickel are planned to be produced in 2025, of which 27 million tons of nickel putrescine for the nickel pig iron plant, 3 million tons for the consortium smelter, and 12 million tons of nickel limonite.