Indonesia

Weda Bay Mine

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Categories

Overview

Mine TypeOpen Pit
Commodities
  • Nickel
Mining Method
  • Truck & Shovel / Loader
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Mine Life... Lock
ShapshotThe Weda Bay is the world's largest nickel mine, operating since 2019. In Q3 2023, the Weda Bay mine continued its ramp-up.

PT Weda Bay Nickel produces, firstly nickel ore, and secondly, nickel ferroalloy, using a pyrometallurgical process.

The Sonic Bay hydro-metallurgical project plant would be built at the Weda Bay Industrial Parkand,intended to produce battery-grade nickel and cobalt intermediate products (60kt nickel & 6kt cobalt per year), using laterite ores extracted from the Weda Bay mine and is expected to begin production in 2026. The project is still in the feasibility study phase and the final investment decision must be made in H1 2024.

Owners

SourceSource
CompanyInterestOwnership
Eramet Group 43 % Indirect
Tsingshan Holding Group Co. 57 % Indirect
PT Weda Bay Nickel (operator) 100 % Direct
Eramet owns a 43% interest in Strand Minerals Pte Ltd, the holding which owns 90% of PT Weda Bay Nickel and is booked in the Group’s consolidated financial statements under the equity method. An off-take agreement for nickel ferroalloys production (NPI) is in place with Tsingshan, with Eramet holding a 43% interest, and Tsingshan 57%.

The Eramet Group holds an indirect shareholding of 38.7% in Pt Weda Bay Nickel, while Tsingshan holds 51.3% and the Indonesian state holds 10% through PT ANTAM.

Contractors

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Deposit type

  • Laterite

Summary:

Weda Bay Ni rich laterites developed on dunite and harzburgite.

The Weda Bay laterite profile, developed during the Cenozoic, is bout 10 m thick, of which 8 m is mineralised with grades in excess of 1% Ni. The profile displays the general layered characteristics of tropical laterites elsewhere. However, the ferricrete capping common to many tropical laterites has been removed by erosion leaving only relict ironstone cobbles and, more commonly, small pisolites that are incorporated into the upper part of the profile (Cock and Lynch, 1999).

Below the overburden horizon, a limonite occurs with > 55% Fe2O3 and no relics with the pristine textures of the ultrabasic rocks still in place. A certain amount of recognizable grains (quartz, altered serpentine clasts, manganese oxides) are visible within a matrix, brown red in colour, dominated by iron oxy-hydroxides. At the basis of this horizon, a transition zone (ferruginous saprolite) is found, and is characterized by more abundant clasts of saprolite within the fine grained goethite matrix (ferruginous saprolite, 25 to 50% Fe2O3 (Cock and Lynch, 1999).

Below the ferruginous saprolite, a saprolite horizon (hydrous Mg silicate zone) is characterized by a non-ferruginous texture (< 15% Fe2O3), is green-brown in colour and may be rather soft. The lower saprolite horizon contains fresher green serpentinite and clasts of bedrock.

Reserves

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Mining Methods

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Comminution

Crushers and Mills

Milling equipment has not been reported.

Processing

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Production

The Weda Bay mine is focused on producing nickel ore on the one hand, and ferronickel (nickel ferroalloy) on the other.
CommodityProductUnits2023202220212020
Nickel Metal in alloy kt  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
Nickel Ore kwmt  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
^ Guidance / Forecast.

Operational metrics

Metrics2022
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Production Costs

Commodity production costs have not been reported.

Financials

Units20222021
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Heavy Mobile Equipment

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Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Nov 18, 2023
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....................... Subscription required ....................... Subscription required Subscription required Nov 18, 2023
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EmployeesYear
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Aerial view:

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