mine · Indonesia

Weda Bay

One of the largest nickel operations globally, anchoring an integrated industrial park.

OperatingExpansionProject score 70

Operator

Independent

Country

Indonesia

Mine life

30 yrs

Capex

—

Profile

Resource, economics and jurisdiction

Resource: Very large nickel laterite resource.
Production: Very high ore output feeding on-site NPI and HPAL capacity.
Economics: Very low cash cost; carbon intensity is the principal criticism.
Infrastructure: Captive coal power and a dedicated industrial park with port.
Jurisdiction: Moderate risk
Ownership: Eramet and Tsingshan joint venture
Region: Halmahera

Overview

One of the largest nickel operations globally, anchoring an integrated industrial park.

Methodology

Version v0.1

Resource Quality: 78 (weight 1.2) — Grade, continuity and metallurgical complexity of the resource.
Project Scale: 75 (weight 1) — Annual output potential relative to the global market for its primary mineral.
Development Stage: 76 (weight 0.9) — How far the asset has advanced toward or through production.
Jurisdiction: 69 (weight 1.1) — Political stability, permitting predictability and rule of law.
Infrastructure: 69 (weight 0.9) — Access to power, water, transport and processing capacity.
Economics: 66 (weight 1.2) — Cost position and margin resilience through the price cycle.
Strategic Importance: 73 (weight 1) — Relevance to national critical mineral strategies and allied supply chains.
Supply-Chain Value: 73 (weight 1) — Whether the asset relieves a genuine downstream bottleneck.
Sustainability: 61 (weight 0.9) — Carbon intensity, water use, tailings approach and community standing.
Execution Risk: 70 (weight 1) — Technical, financing and schedule risk to reaching nameplate output. Higher is lower risk.

Materials

A corrosion-resistant metal essential to stainless steel and to high-energy-density battery cathodes.

Assets

A vast Arctic nickel-copper-palladium complex and the largest palladium source globally.

A long-established nickel laterite mining and smelting operation.

A high-grade nickel-copper-cobalt sulphide operation transitioning underground.