Bisnis, JAKARTA – The fierce battle in Indonesia's nickel mining industry grew even more dramatic as certain tycoons devised a plan by bringing their company flags to a 'bullfight' on the market floor.
Under the Saratoga Group, certain local tycoons, like Garibaldi 'Boy' Thohir, are banking on the nickel industry. This group has entrusted the nickel business to PT Merdeka Battery Materials Tbk. (code: MBMA).
MBMA was also immediately opposed face-to-face in this mine by its fierce opponent, PT Trimegah Bangun Persada Tbk. (NCKL) called Harita Nickel. Lim Hariyanto Wijaya Sarwono is the founder of this firm.
According to Bisnis, Harita Nickel will be listed ahead of schedule on the Indonesia Stock Exchange (IDX) on Wednesday, April 12, 2023. The MBMA listing will take place a week later, on Tuesday, April 18, 2023.