Entering Indonesia in 2014.The company's main business is divided into three major segments.
The first part is ferronickel smelter project: CMMl Smelting Plant, established in 2018, is a ferronickel (NPl) plant jointly established by Hyundai and junren Group. The total investment of the first phase project is 150 milion RMB, and the factory is contracted by China Steel Internationa. A 18000KVA RKEF process submerged arc furnace has been built. Relying on the high-quality infrastructure of Hyundai lndustrial Park, Junren provides excellent spare parts and raw material supply support. The project is planned to officially cast iron in 2020. Meanwhile, CMMl and Junren Group jointly established a Singapore subsidiary in 2021. The establishment of the company mainly provides more convenient services for the later HPAL project and the purchase and sales of Nickel(ll) sulfate factory, including logistics optimization and other projects.
The second section is the trade project of nickel mines: Junren Mining indonesia Co., Ltd. collaborates with Antam, the largest nickel and gold producer in Indonesia. The two sides began cooperation in 2014, and Junren Group has always been Antam's largest buyer of water quenched nickel. The two parties have signed a one-year nickel ore trade contract of 1 milion tons, and currently have stable supply for CMlMl factory and SlLO factory. In addition, the company has explored the idea of exchanging ore for iron, further extending the industrial chain. The company has been deeply involved in the black department for many years and is familiar with the capital market. With strong financial advantages, we aim to establish a first-class market position.
The third section is the LCT self-propelled barge transportation section: Junren Company has colaborated with senior domestic shipowners and plans to introduce 7500 tons of self-propelledbarges. Junren Group, considering economic efficiency, operational efficiency, and market expansion,has entered the transportation industry, enabling it to establish an effective bridge between global mineral resources and markets.