Overview

PT Merdeka Battery Materials Tbk (“MBMA”) owns high-quality assets in the strategic materials and EV battery value chain, with successful acquisitions made in 2022 to expand and develop operations in Indonesia.

MBMA is majority-owned by of PT Merdeka Copper Gold Tbk (MDKA), which holds the controlling stake through its subsidiary, PT Merdeka Energi Nusantara.

Our portfolio includes:

• SCM Mine

  (51.0% MBMA; 49.0% Tsingshan Group)

  Regarded as one of the world’s largest resources in terms of contained nickel with approximately 13.8 million tonnes of nickel (1.22% Ni grade) and 1.0 million tonnes of cobalt (0.08% Co grade) within a 21,100 hectare concession area.

• RKEF Smelters

  (50.1% MBMA, 49.9% Tsingshan Group)

  8 lines RKEF smelters in IMIP producing NPI for stainless steel production, with total expected nameplate capacity of 88,000-tonne of nickel per annum.

• Nickel Matte

  (60% MBMA, 40% Tsingshan Group)

  A nickel matte conversion facility, located within IMIP, to produce high-grade nickel matte (> 70% Ni content), which is a key feedstock for battery precursors and Class 1 Nickel.

• AIM Project

  (80% MBMA, 20% Tsingshan Group)

  A modern processing plant facility which will process high-grade
  pyrite feedstock from Wetar Copper Mine to recover acid and
  steam for use in HPAL plants, in addition to producing other metals
  such as copper, gold and iron.

• IKIP

  (32% MBMA, 68% Tsingshan Group)

  IKIP is a future battery material focused industrial park, covering an area of approximately 3,500-hectares within the SCM Mine concession area.

• HPAL

  High Pressure Acid Leach (HPAL) is a process used to extract nickel and cobalt from laterite ore bodies. MBMA plans to develop 2 HPAL plants with a combined total capacity of 240 ktpa Ni within IKIP.

• Other assets

  Include a 50 km dedicated haul road connecting the SCM Mine and IMIP; and a 500-hectares limestone mining concession.