Eramet: reaction to the initial production and sales volumes granted by the Indonesian authorities to its joint-venture PT Weda Bay Nickel

Core Viewpoint - Eramet's joint-venture PT Weda Bay Nickel has received a production quota of 12 million wet metric tons (Mwmt) from Indonesian authorities, significantly lower than the previously approved quota of 42 Mwmt for 2025 [1][3]. Group 1: Production Quota and Adjustments - The initial production and sales volume granted to PT WBN is 12 Mwmt, compared to an initial RKAB of 32 Mwmt and a revised quota of 42 Mwmt in July 2025 [1]. - PT WBN acknowledges the complex production quota policy by Indonesian authorities aimed at sustainable management of the nickel industry, which has led to an increase in the nickel ore index [2]. - PT WBN plans to prepare a Work Plan and Budget (RKAB) and will engage with local authorities and stakeholders to adjust its mining setup to minimize economic impacts on North Maluku [3]. Group 2: Future Plans and Commitments - PT WBN intends to apply for a revision of the production quota to a higher volume, reflecting the supply needs from smelter and HPAL facilities in the IWIP industrial park, estimated to exceed 100 Mwmt [3]. - The company is committed to maintaining a constructive dialogue with Indonesian authorities to secure sustainable production levels that benefit employees, local communities, and the regional economy [4]. Group 3: Company Overview - Eramet focuses on transforming mineral resources to provide sustainable solutions for industrial growth and energy transition challenges, recovering essential metals like manganese, nickel, lithium, and cobalt [5]. - The company aims to be a reference for responsible transformation of Earth's mineral resources, contributing to robust infrastructures and efficient technologies [6].