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Sumitomo Metal, Vale Consider Building Nickel Plant in Indonesia

Jan. 31 (Bloomberg) -- Sumitomo Metal Mining Co., Japan’s top nickel producer, said it has joined PT Vale Indonesia Tbk on a pre-feasibility study for a nickel processing plant in Indonesia.

The companies also started an environmental impact assessment, Tokyo-based Sumitomo Metal said in a statement today. Sumitomo Metal owns a 20.09 percent stake in Jakarta-based Vale Indonesia.

To contact the reporters on this story: Jae Hur in Tokyo at jhur1@bloomberg.net; Ichiro Suzuki in 東京 at isuzuki@bloomberg.net

To contact the editor responsible for this story: Brett Miller at bmiller30@bloomberg.net

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