Milestones
The Company was established as a holding company based on the Law of the Republic of Indonesia, named PT Hamparan Logistik Nusantara
CSID commissioned CSID RKEF Smelter.
BSID commissioned BSID RKEF Smelter.
The Company acquired a 95.30% direct ownership in MIN, which owns 51.00% interest of SCM, the company implementing SCM Mine Project, and 49.00% shares and 28.40% shares of CSID and BSID, respectively, the companies own RKEF Smelters.
The Company acquired 100% interest in MED, the holding company of a number of entities that provide supporting infrastructure for SCM Mine, including alternate access road. Through the MED acquisition, the Company also acquired :
a 32.00% interest in PT IKIP, the project company for a nickel industrial park to be jointly developed and operated by us and the Tsingshan Group within the SCM Mine IUP area;
interest in a prospective hydropower project; and
a limestone mining concession.
MIN investing in new shares of an additional 1.10% shares and 21.70% shares in CSID and BSID, respectively, resulting in MIN obtained control of CSID and BSID with 50.10% share ownership.
The Company acquired ZHN by investing in new shares which resulted in the Company owning a 50.10% shares in ZHN, who owns ZHN RKEF Smelter.
The Company increased its ownership in MIN from 95.30% shares to 99.99%.
The Company changed its name into PT Merdeka Battery Materials.
The Company established Merdeka Battery Materials (Malaysia) Sdn. Bhd (MBM MY) and Merdeka Battery Materials (Sarawak) Sdn. Bhd (MBM SW), as subsidiaries that established in Malaysia and owned 100% directly by the Company.
The Company invested in the new shares of BPI which resulted the Company owns 66.40% interest in BPI, a company that holds 80.00% share in MTI, project implementing company that owns AIM I Project.
The Company, directly and indirectly, acquired an additional 33.60% interest in BPI, which resulted in the Company holding 100% effective interest in BPI.
The Company issued 8,149,060,000 common shares in relation to the convertible loan to Huayong International (Hong Kong) Limited.
The Company signed a term sheet with Ningbo Brunp CATL to develop HPAL 1a with expected capacity 60ktpa Ni in the form of MHP.
Initial Public Offering and listing of shares on the Indonesia Stock Exchange under the ticker code of “MBMA”.
Completed acquisition of HNMI by having 60% ownership, who owns a conversion facility to produce high-grade nickel matte (HGNM).
ZHN RKEF Smelter has successfully completed commissioning.
The Company executed a MoU with Korea Development Bank with aims to support the respective governments’ efforts to promote mutually beneficial exchanges, including private sector investments and business partnerships.
The Company also signed definitive agreements with GEM Co., Ltd (GEM) to develop an HPAL plant with a nameplate capacity of 30ktpa of nickel in MHP. The Company and GEM, through its subsidiaries, will establish HPAL JV Co to develop the HPAL plant with ownership of 55% and 45%, respectively.
