The smelter with a production capacity of 27,000 tons of ferronickel
to be built in Halmahera Timur is expected to be operational in 2014.
"We continue to work on this new project of ferronickel
that should add in the next two to two-and-a-half years a significant quantity of ferronickel
," Juan Ruiz, director of state entity Cubaniquel, said in a television interview.
The Dominican Republic ships ferronickel
bars, silver-gold alloys, cigars, fish, pants, underwear, dental floss, baseball hats, ties, cloth bags, transformers, polo shirts, dry coconut meat, eggplant, bell peppers, red peppers and other agricultural products to Canada.
Fitch Solutions said mining firms SR Metals, Global Ferronickel
, Nickel Asia Corp.
The Russian investors were accompanied by Russian Ambassador Igor Khovaev and the top officials of its local counterpart, the Global Ferronickel
The most exported products are catalysts, ferrosilicon, ferronickel
, clothing, and products of iron and steel (rolled products), while the most imported products include platinum and platinum alloys, unprocessed or in powder, crude oil, electricity and other metals of the platinum group and their alloys.
Its products in clued ferronickel
, low and high grade nickel ores, gold, silver and bauxite.
Cuba and Venezuela have signed 21 economic accords aimed at strengthening cooperation--including plans to convert nickel waste into ferronickel
, as well as a $1 billion petrochemical complex.
GlobeStar's nickel exploration land package is the second largest on the island, and is adjacent to Falconbridge's Falcondo nickel mine which produced 29,477 tons of nickel in ferronickel