Indonesian Miner Eyes Nickel Assets as it Shifts Focus From Coal
- Harum sees half of its revenues coming from the metal in 2024
- The firm announced a deal with China’s Tsingshan Holding Group
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Indonesian coal company PT Harum Energy is looking to buy more nickel mines as it ceases further investment in fossil fuels in order to prepare for the energy transition.
The miner plans to avoid further spending in its coal operations beyond the level required to sustain current output, President Director Ray Antonio Gunara said in an interview on Friday.