The Investment Management Agency Daya Anagata Nusantara (Danantara) and Indonesia Investment Authority (INA) have signed a strategic cooperation agreement with French mining giant Eramet for the management and processing of critical minerals, particularly nickel, to support the development of a sustainable electric vehicle (EV) ecosystem in Indonesia.
The collaboration is part of a broader set of 21 agreements reached between President Prabowo Subianto and French President Emmanuel Macron during their bilateral meeting at the Merdeka Palace in Jakarta on Wednesday, May 28, 2025.
Minister of Energy and Mineral Resources, Bahlil Lahadalia, highlighted that Eramet has already initiated its nickel downstream project in the Weda Bay Industrial Area, located in Central Halmahera, North Maluku.
“Eramet’s business is indeed centered around building a nickel downstream ecosystem in North Maluku,” Bahlil said following the meeting between the two heads of state.
The partnership, formalized through a memorandum of understanding (MoU), aims to transform raw nickel into battery-grade materials essential for EV production. Pandu Patria Sjahrir, Chief Investment Officer at Danantara, cited that Danantara and INA will manage long-term financing to support the development of the project, while Eramet will contribute its technical expertise and experience in managing large-scale mining operations that adhere to international sustainability standards.
“This partnership reflects the commitment of all three parties to promote world-class nickel downstream investment in Indonesia, which is one of the main pillars in enhancing the nation’s industrial competitiveness,” Pandu said.
Eramet Group CEO Paulo Castellari emphasized that the company’s initiatives in downstream processing, energy transition, and critical minerals align closely with the priorities of Danantara and INA.
“We are ready to contribute through our expertise in sustainable mining and our long-term commitment to developing strategic industries in Indonesia,” Paulo said.
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