AIM PROJECT
AIM Project is a modern, integrated, and strategically located processing facility in the Indonesia Morowali Industrial Park (IMIP).
This project is handled by PT Merdeka Tsingshan Indonesia (MTI), a joint venture between MBMA (through its subsidiary, PT Batutua Pelita Investama (BPI)) and Eternal Tsingshan Group Limited.
In December 2022, MBMA acquired 66.4% shares in BPI, a subsidiary of MDKA. The acquisition was completed in January 2023, resulting MBMA holding a 100% shareholding in BPI and the MTI becoming an indirect subsidiary of MBM with MBM owning an effective 80%.
AIM Project has a strategic location with access to existing infrastructure and close proximity to future acid and steam off-takers, catering to downstream players in the EV battery value chain. Acid and steam will use in HPAL plants.
AIM Project will operate a concentrator for extracting pyrite concentrate, an acid plant, chloridising roasting plants, and a metal extraction plant.
The AIM plant is designed to treat spent ore and high-grade pyrite ore from wholly-owned Wetar Copper Mine (one of MDKA’s subsidiary) at a nominal rate of over 1 Mtpa. The ore will be transported in open barges from Wetar Island to IMIP port and transported to the AIM plant for further processing to produce a suite of products including sulphuric acid, saturated steam, iron ore pellets, copper sponge, lead-zinc hydroxides, gold doré, and silver.
