Eramet responds to reports on collaboration with Danantara

Eramet Indonesia Chief Executive Officer (CEO) Jerome Baudelet, in response to reports that the subsidiary of French mining company Eramet SA plans to collaborate with the Daya Anagata Nusantara Investment Management Agency (Danantara) in the Indonesia Weda Bay Industrial Park (IWIP) nickel downstream project, stated that the approach aims to bridge relations between Indonesia and Europe in the electric vehicle (EV) battery supply chain.

"Collaboration with Danantara has the potential to be a strategic opportunity for Eramet to strengthen its position in Indonesia's critical mineral sector, while also strengthening relations between Europe and Indonesia in the EV battery supply chain," he said on May 6, 2025.

However, Eramet has not been able to detail what projects the company will collaborate on with Danantara, including the potential investment value to IWIP in Central Halmahera Regency, North Maluku Province.

"This discussion is still in the early stages and it is too early to make further statements," Jerome explained.

Meanwhile, Danantara CEO Rosan Perkasa Roeslani said that Danantara is open to Eramet's investment offer in Weda Bay to expand the French corporation's nickel mining downstream portfolio in North Maluku. He added that Eramet is committed to continuing the nickel ore downstream plan currently operated by PT Weda Bay Nickel (WBN), Eramet's joint venture with Tsingshan Holding Group and Indonesian state-owned enterprise (SOE) PT Aneka Tambang Tbk (Antam).

However, said Rosan, Danantara is still reviewing the cooperation offer submitted by Eramet.

"Because they are also one of, if not the largest in Europe for investment in [nickel] downstreaming," he said.