On September 13 of the local time in Jakarta, Indonesia, Huayou Cobalt and Vale Indonesian Company ("Vale Indonesia") signed the framework agreement about the High Pressure Acid Leaching (HPAL) project in Sorowako, Indonesia. This is another cooperation of both parties after the HPAL project cooperation in Pomalaa Mine on April 27 this year. On the basis of the company's adequate feasibility research, both parties planned to develop the smelting plant using HPAL in the Sorowako Mine, East Luwu, South Sulawesi, Indonesia. The signing of the framework agreement will provide references for both parties to further sign the detailed agreement.