NICKEL ORE MINE
Emental Asia S.A., initially operating under the name Prime Minerals S.A. since 2014 has invested in Indonesia in projects related to the extraction and processing of natural resources, i.e. nickel ore and limestone aggregate.
The strategic goal of Prime Minerals S.A. was building a capital group managing assets in the area of extraction and processing of natural resources.
The company intended to implement its strategy by:
Proven nickel ore resources
|0,5 ‑ 1,0||777,703||0,79||615,384||0,74||84 192,50||0,86||1 477,280|
|1,0 ‑ 1,5||820,313||1,22||419,541||1,2||372 829,50||1,26||1 612,68|
|1,5 ‑ 2,0||162,375||1,66||74,327||1,66||1 774,00||1,74||2 010,75|
|2,0 ‑ 2,5||4,65||2,12||2 550||2,08||1 180,43||2,22||1 187,64|
|1 765,041||1 111,85||3 411,45||6 288,34|
At the turn of the third and fourth quarter of 2019, the management board and the company's supervisory board decided to freeze both mine projects. This decision was made due to the following circumstances:
Therefore, at the end of 2019 it was decided to change the company's business profile to the one associated with the recycling of precious metals from printed circuits boards and automotive catalysts. The company under the new name Elemental Asia, with the new management will operate in Asian markets in the above mentioned area.