Operation Subsidiaries

                                                                           

PT COR Industri Indonesia (PT CORII) was established in 2013 as the smelter company that produce Ferro Nickel (FeNi), this product is the main raw material for producing stainless steel.

The nickel smelter using blast furnace technology is located in North Morowali District, Central Sulawesi and the annual production capacity is 100,000 tonnes of FeNi. Raw materials such as nickel ore obtained from a mine located adjacent to the smelter.

PT CORII has a workforce of 700  people consisting of local and foreign workers.

Shareholders of PT CORII
Shareholders Number of Shares Percentage
PT Central Omega Resources Tbk 391,776 60%
PT Macrolink Nickel Development 261,184 40%
T o t a l 652,960 100%