PT United Tractors Tbk(UNTR), through its subsidiary PT Danusa Tambang Nusantara$104.91 million acquisition of PT Anugerah Surya Pacific Resources as the holding company for the Stargate nickel mine.Stargate Pacific Resources is a nickel mining company located in Konaway, northwest of Sulawesi, southeast Indonesia, holding a mining license on an area of approximately 1,647 hectares, and is a joint venture between Risjadson Group of Indonesia and GlencoreInternational of Switzerland AG A company formed by merger or joint venture. Construction and pre-operational activities for the Stargate smelter are expected to be completed by 2023 and operational activities could commence on January 1, 2024.UNTR established a strategic partnership with ASPR in December 2022. At that time, UNTR acquired nickel mining company PTStargate Pacific Resources (SPR) and nickel processing company (smelter) PTStargate Mineral亚洲 (SMA) .
Oct 21, 2023
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