Skip to main content

Sulphur 422 Jan-Feb 2026

29 January 2026

Sphere to buy stake in HPAL project

Sphere to buy stake in HPAL project

Australia’s Nickel Industries is to sell a 10% share of the Excelsior Nickel Cobalt high-pressure acid leach (HPAL) project in Indonesia to South Korea’s Sphere Corp. The $240 million price tag represents a $2.4 billion valuation for the company. Sphere will acquire the stake from Hong Kong-based Decent Resource, while Nickel Industries will retain its 44% stake in the project, according to Nickel Industries.

The ENC HPAL project, being built in Indonesia’s Central Sulawesi, will be the first HPAL project with the capacity to produce mixed hydroxide precipitate (MHP), nickel sulphate, and nickel cathode, according to Nickel Industries.

Latest in Asia

Metso to supply copper smelter

Metso says it has won a €180 million order for the delivery of engineering and key process equipment for a new primary copper smelter investment at an undisclosed location in Asia. The planned production capacity of the copper smelter complex is 300,000 t/a of copper cathodes and 1.1 million t/a of sulphuric acid, based on licensed Outotec® Flash Smelting, PS Converting and Lurec® technologies. It includes the design and supply of key process equipment for the main areas of the smelter complex, and the gas cleaning and sulphuric acid plant, copper electrolytic refinery, and precious metals refinery. The delivery also comprises site services and spares.

Autoclaves arrive for Pomalaa HPAL project

PT Vale Indonesia Tbk says it has officially received the first two autoclave units for the Pomalaa high-pressure acid leaching (HPAL) project, a key component of the Indonesia Growth Project (IGP) Pomalaa. This delivery marks a critical milestone in preparing Indonesia’s high-tech nickel processing facility for operation. The welcoming ceremony was attended by PT Vale and PT Kolaka Nickel Industry (KNI) management, along with strategic project partners including Indonesia Pomalaa Industrial Park (IPIP), Huayou Southern Construction Command, MCC20, and other stakeholders.

Approval for phosphate expansion

Madhya Bharat Agro Products has announced board approval for a major capacity expansion at its Dhule manufacturing facility. The expansion represents a comprehensive enhancement of the company's fertilizer production capabilities, including 330,000 t/a of diammonium phosphate and NPK fertilizer, a 66,000 t/a phosphoric acid plant, and a 396,000 t/a sulphuric acid plant. The expansion plan is part of a strategy of vertical integration in fertilizer production. The addition of phosphoric acid and sulphuric acid production capabilities will support the primary DAP/NPK manufacturing operations, creating operational synergies and potentially reducing input costs, according to the company.