# 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. - Canonical URL: https://newsverum.com/en/news/nickel-industries-enc-project-finance-245-million - Publisher: Newsverum - Section: Business - Country: Indonesia - Published: 2026-10-21T11:11:49+00:00 - Updated: 2026-10-21T11:11:49+00:00 - Event / data period: 2026-10 - Other editions: [Türkçe](https://newsverum.com/tr/news/nickel-industries-enc-project-finance-245-million.md), [العربية](https://newsverum.com/ar/news/nickel-industries-enc-project-finance-245-million.md), [Français](https://newsverum.com/fr/news/nickel-industries-enc-project-finance-245-million.md), [Español](https://newsverum.com/es/news/nickel-industries-enc-project-finance-245-million.md), [Deutsch](https://newsverum.com/de/news/nickel-industries-enc-project-finance-245-million.md), [Português](https://newsverum.com/pt/news/nickel-industries-enc-project-finance-245-million.md) 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. Methodology: Value, scope and unit are transcribed from the release; no calculation was performed. | Metric | Value | |---|---| | ENC project financing facility | 245 | Sources: · Download data: [JSON](https://newsverum.com/api/v1/articles/nickel-industries-enc-project-finance-245-million/data/reported-figure?lang=en&format=json) · [CSV](https://newsverum.com/api/v1/articles/nickel-industries-enc-project-finance-245-million/data/reported-figure?lang=en&format=csv) ## Sources - [Nickel Industries Limited]() (Source checked: 2026-10-21; Published: 2026-10-21) --- Cite the canonical URL above. [Editorial standards and corrections](https://newsverum.com/en/editorial)