Danantara and INA Partner with France's Eramet to Build End-to-End Nickel Investment Platform
Main Takeaways
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JAKARTA, Investortrust.id — Indonesia’s sovereign wealth entities Danantara and Indonesia Investment Authority (INA) have joined forces with French mining company Eramet to explore the creation of a strategic investment platform for nickel, spanning upstream mining to downstream processing.
The collaboration aims to establish a fully integrated and sustainable ecosystem for electric vehicle (EV) battery raw materials in Indonesia, Chief Investment Officer Danantara Pandu Sjahrir said on Saturday, May 31, 2025.
“This partnership reflects our joint commitment to building world-class nickel downstream investments in Indonesia, a key pillar for enhancing national industrial competitiveness,” said Pandu.
Joint Expertise and Long-Term Capital
Under the agreement, Danantara and INA will provide long-term capital support for nickel projects, while Eramet contributes its technical know-how and global experience in operating large-scale, environmentally responsible mining operations.
The partnership will start with a feasibility study to identify the most promising projects that could maximize the value of Indonesia’s EV ecosystem. A roadmap will also be developed for long-term cooperation.
“This collaboration combines global-grade technical capacity with sustainable mining practices to support the development of an integrated industrial base,” Pandu added.
High-Level Support from Presidents
The memorandum of understanding (MoU) was signed at the State Palace in Jakarta on Wednesday, May 28, 2025. The signing ceremony was attended by President Joko Widodo and French President Emmanuel Macron, signaling high-level bilateral support for the initiative.
Among the signatories were Eramet CEO Paulo Castellari, Danantara CEO and Minister of Investment Rosan Roeslani, and INA Board Chairman Ridha Wirakusumah.
Strengthening Indonesia’s Mineral Value Chain
INA’s Ridha Wirakusumah emphasized that the platform aligns with INA’s strategic investment focus in mineral resources and downstream development. He described the initiative as “a vital step in reinforcing Indonesia’s critical minerals value chain, particularly nickel.”
“This strategic alliance merges technical excellence and a global track record in sustainable mining with a well-structured long-term investment framework that drives industrial growth,” Ridha said.
Photo: Courtesy of GroupeEramet
Eramet’s Commitment in Indonesia
Eramet CEO Paulo Castellari said the company already operates one of Indonesia’s largest nickel reserves in Weda Bay, Maluku. He added that Eramet has been working with the Geological Agency of Indonesia’s Energy and Mineral Resources Ministry since 2024 to explore critical minerals such as lithium.
“We’ve reviewed several opportunities to be part of Indonesia’s nickel-based EV battery value chain and fully support this initiative,” Castellari said.