Eramet seeks to sell part of its Weda Bay Nickel stake
The French miner says several investors are interested in a substantial portion of its minority holding as it works to reduce group debt.
French mining company Eramet is pursuing the sale of a substantial portion of its minority stake in Indonesia’s PT Weda Bay Nickel as part of efforts to reduce group debt, the company said in a statement cited on 10 November 2026.
Eramet said several prospective investors had expressed interest in the holding. It did not identify them or disclose how much of its stake would be sold. The company also said a separate process to sell a minority interest in Centenario was under way.
Eramet owns 38.7 per cent of Weda Bay Nickel, which operates in Central Halmahera, North Maluku. Tsingshan Holding Group holds the majority interest of 51.3 per cent, while PT Aneka Tambang (Persero) Tbk, known as Antam, owns 10 per cent.
According to the Energy and Mineral Resources Ministry’s Minerba One Data Indonesia database, Weda Bay Nickel’s mining area covers 45,065 hectares. Its contract of work permits nickel ore operations from 30 December 2019 until 27 February 2048.
BPI Danantara chief executive Rosan Roeslani had previously said discussions about an investment were continuing. Speaking at the Presidential Palace complex on 12 May 2026, he said Danantara was open to investment talks in Indonesia, could serve as a strong local partner and was discussing opportunities with Eramet.
