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The Tsingshan Holdings Group (Chinese: 青山控股, ching-shan) is a Chinese private company active in the stainless steel and nickel industry. Xiang Guangda in 2017. Tsingshan Holdings was founded in 1988 by Xiang Guangda in Wenzhou. [2] It moved into the Indonesian nickel industry in 2009. [3] Among its assets are:
Under Xiang, Tsingshan began to invest in nickel mines in Indonesia during the 2000s, when reserves were still unproven. Tsingshan established nickel and stainless steel production complexes in Sulawesi (the Morowali Industrial Park ), which further lowered the production cost for stainless steel.
An infobox for companies Template parameters [Edit template data] This template prefers block formatting of parameters. Parameter Description Type Status Name name company_name The full, legal name of the company, correctly reproducing punctuation and abbreviations or lack thereof. The full legal name of the company may be different from the common name used for the article title. Defaults to ...
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The Indonesia Morowali Industrial Park (IMIP) is an industrial park hosting primarily nickel-related industries in Morowali Regency, Central Sulawesi, Indonesia. It is the largest nickel processing site in Indonesia, which is the world's top nickel producer. [1] In 2023, Wired magazine called it "the world's epicenter for nickel production."
Location of Indonesia. Indonesia is a unitary sovereign state and transcontinental country located mainly in Southeast Asia with some territories in Oceania. Indonesia's economy is the world's 16th largest by nominal GDP and the 8th largest by GDP at PPP, the largest in Southeast Asia, and is considered an emerging market and newly industrialised country.
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In 2017, China's Tsingshan Group signed an agreement, giving it a 57% stake in Weda Bay Minerals, and giving Tsingshan the responsibility to develop mineral processing while Eramet retained its mining operations. Construction of the industrial park began in April 2018, with mining operations commencing in October 2019 and metallurgical ...