Eramet in Indonesia

Sonic Bay
Sonic Bay: Ensuring a long-term sustainable supply of nickel and cobalt
for batteries

Nickel-cobalt: a development project with BASF in Indonesia

51% 49%
Production of refined nickel-cobalt for the manufacture of cathode
active materials for Li-ion batteries

Partnership with BASF to evaluate the development of a

hydrometallurgical complex using ore from the Weda Bay deposit in a Sonic
high-pressure acid leaching unit (HPAL) to produce MHP* Bay
Mine de Weda Bay, Indonésie

Highest CSR standards

• Implementation of Eramet's environmental and societal standards
and policies
• No deep-sea tailings placement

Production targets
~60 kt of nickel
~6 kt of cobalt

* Mix Hydroxide Precipitate

2 About the Eramet group
 The project is estimated to have a significant impact to the
economy and employment rate

Direct and indirect

contribution to
~60 kt Ni
Indonesia’s economy ~6 kt Co Production of value-added products with
associated tax and royalties

$2.2 - 2.6 bn Total investment in HPAL plant, tailing, and

infrastructure (vs. average $300 k for NPI smelter)

Potential GDP impact ($1.44 GDP generated per $1

$3.1 – 3.7 bn FDI1). Other impact includes indirect economic activities,
local share of salaries and procurement

Employment and
Capability Building
~1,400 FTE Job creation for technicians, engineers, and
administrative (not included construction period)

>95% Local and national recruits

Days of training & development (benchmarked

>17,600 from previous project)

12,000 Indirect and induced jobs (benchmark: 8x direct

jobs), including contractors, civil servant, agricultural
workers, and general services
3
1Based on USAID and EY study, The Impact of US Foreign Direct Investment
on the Indonesian Economy, USAID, EY, Amcham, et.al.
Project Scope Plan
Key activities

• Construction camp completion (May 2023)

• Phase 1 geotechnical exploration for processing plant facility (June 2023 ongoing)
• - processing through OSS. Need support to accelerate
• Phase 2 tailing facility: Still need to wait for phase 2 land and forest conversion (bottle neck)
• Site levelling engineering design ready
• Permanent camp design finalizing