# TISCO, PT Vale Indonesia and Xinhai form ferronickel joint venture in Indonesia

Taiyuan Iron & Steel (TISCO), PT Vale Indonesia Tbk, and Shandong Xinhai Technology Co. have established a joint venture to operate a ferronickel processing project in the Bahadopi area of Sulawesi, Indonesia.

- Type: Acquisition
- Announced: 2023-04-03
- Where: Bahadopi, Sulawesi, Indonesia, Indonesia
- Status: announced
- Products: ferronickel
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md), [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [China Baowu Steel Group](https://endata.com/companies/37069.md) (investor)
- [Taiyuan Iron and Steel Group](https://endata.com/companies/47791.md) (partner)
- [PT Vale Indonesia](https://endata.com/companies/69480.md) (partner)
- [Shandong Xinhai Technology](https://endata.com/companies/69481.md) (partner)

## Sources

- [cliffordchance.com](https://www.cliffordchance.com/news/news/2023/04/clifford-chance-advises-on-two-steel-sector-joint-ventures-highl.html), 2023-04-03: "Clifford Chance has advised on the global merger control filings for two joint ventures in the metals sector."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.