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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:
Four Chinese and nine Indonesian workers died instantly on Dec. 24 when the furnace at PT Indonesia Tsingshan Stainless Steel, or PT ITSS, exploded while they were repairing it. Eight others died ...
A fire broke out on Dec. 24 at a furnace in a smelter operated by Tsingshan Stainless Steel Indonesia, located in the country's largest nickel hub, the Indonesia Morowali Industrial Park (IMIP).
The firm pioneered the use of cheaper nickel pig iron in place of metallic nickel in its stainless steel production, and implemented the use of the rotary kiln furnace for continuous production. [4] Under Xiang, Tsingshan began to invest in nickel mines in Indonesia during the 2000s, when reserves were still unproven.
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."
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Freeport-McMoRan Inc is close to reaching a $2.8 billion deal with China's Tsingshan Holding Group to build a copper smelter in Indonesia's Weda Bay, senior minister Luhut Pandjaitan said on ...
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 ...