On the afternoon of August 27, the signing ceremony of syndication protocol & the first syndication conference of nickel-cobalt hydroxide hydrometallurgy project with an annual output of 60,000 tons of nickel metal of Huayue Indonesia was wonderfully initiated in Hangzhou, marking the successful establishment of the syndication project with a total syndication amount of 760 million US dollars. In this project, Zhejiang Huayou Cobalt Co., Ltd. and Huayue Nickel Cobalt (Indonesia) Co., Ltd. are the owners, with a major leading bank of the Export-Import Bank of China Zhejiang Branch and joint leading bank of China Citic Bank Hangzhou Branch, and the participators banks of Agricultural Bank of China, China Minsheng Bank, Ping An Bank, China Everbright Bank and other local branches. The representatives of Zhejiang Provincial Development and Reform Commission, Zhejiang Provincial Department of Commerce and other competent departments also attend and witness the signing of the protocol.
With more attention paid in global warming and protecting the earth's ecology, "carbon peaking and carbon neutrality" has become the hotspot of worldwide, while the new energy vehicle industry is developing rapidly. In such a context, Huayou Cobalt actively follows the call of the "Belt and Road Initiative" and puts forward Indonesia Huayue Nickel and Cobalt Project. The total investment of this project is 1.28 billion US dollars, and the production scale is an annual output of 60,000 tons of nickel metal and 7,800 tons of cobalt metal. The most advanced third-generation high-pressure acid leaching process is used to realize the integration of the non-ferrous metal smelting and chemical refining, which is a typical green production technology with the outstanding characteristics of large capital investment, high technology threshold, strong automation control, ultra-low cost output, and ultra-low carbon emissions. Huayue Project has the above prior competitive strength because it is one of the most important links of integration strategy of Huayou and has an epoch-making significance on the global nickel production industry structure and nickel consumption field!
Renderings of Indonesia Huayue Project
Jiang Yangping, Deputy President of Export-Import Bank of China Zhejiang Branch, delivered a speech at the syndication conference.
Fang Qixue, Vice Chairman and Senior Vice President of Huayou Cobalt Industry, delivered a speech at the syndication conference.
Regarded as one of the major "Belt and Road" overseas investment projects in Zhejiang and a significant part of the new energy industry under the goal of "carbon neutrality and carbon peaking", Huayue Project enjoys an increased attention and support of the leaders in Jiaxing City, Tongxiang City and Zhejiang Province government at all levels. In addition, Huayue Project is the largest overseas syndication project in Jiaxing that enjoys increased concern and recognition by many banks in the province at the beginning of its enablement. During the approval process, confronting with the unprecedented spread of the pandemic and the sharp increase in overseas financing risks, various banks persisted in overcoming challenges, actively intercommunicated with the bank, and sought support from various policies and resources, and finally successfully formed a syndicated loan of 760 million US dollars totally from the collection of a major leading bank of the Export-Import Bank of China Zhejiang Branch, joint leading bank of China Citic Bank Hangzhou Branch, and the participators banks of China Minsheng Bank, Agricultural Bank of China, Ping An Bank, China Everbright Bank and other local branches, making it a milestone in Huayue Project. In addition, the main leading bank, Export-Import Bank of China, claimed that it would issue loans as soon as possible and provide intelligent post-loan management services.
In the end, Fang Qixue, Vice Chairman and Senior Vice President of Huayou Cobalt, expressed sincere gratitude to all participants on behalf of the company and project units at the conference. Then representatives from Export-Import Bank of China, participating banks and government agencies delivered their speeches.
