Nickel miners rise on Indonesia ban as govt pledges export tax Jan 13, 2014 JAKARTA: Global nickel prices and mining shares rallied a day after Indonesia raw mineral ores in order to force home companies to build processing plants, iron ore, lead,
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To place this in perspective, the following graph provides and indication of the production cost (ie. without recovery of the cost of investment). The iron ore price is taken at the nominal value. Gas and ore each represent about one third of the production cost so the ingredients for success in WA are clearly there.
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Iron ore processing (iron making) industry in PT Gainet International Indonesia (PT. GII) is a joint venture between a Chinese and local company building an iron ore processing plant with a capacity of 600,000 tons per year at a cost of US$ 4 million.
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