Nickel Industries establishes US$245 million financing for ENC project
The venture operating Indonesia’s ENC high-pressure acid leach project established US$245 million in non-recourse financing with a seven-year tenor.
Event / data period: 2026-10
Published: · Updated:
Nickel Industries said on 21 October that US$245 million in financing had been established for PT Fajar Metal Industry, the company through which the ENC joint venture holds its Indonesian nickel-cobalt project. Nickel Industries owns 46% of the venture.
The company said the package comprises a US$220 million amortizing term loan and a US$25 million working-capital facility. OCBC arranged and led it; security is limited to FMI project assets, with no recourse to Nickel Industries.
Data
Source-reported figure
Measure reported in the company’s primary release dated 21 October.
| ENC project financing facility | 245 |
Methodology
Value, scope and unit are transcribed from the release; no calculation was performed.
Updated:
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