Tag: Chinese investor bankruptcy
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Indonesia’s Nickel Sector in Turmoil: Acquisition Proposal Amid Chinese Investor Bankruptcy Saga
Trouble seems to be brewing in Indonesia’s nickel sector. One of the nation’s primary nickel smelters, PT Gunbuster Nickel Industry (GNI), is in an unprecedented crisis. Its troubles are deepened by its ties to a faltering Chinese parent company.
Fishermen conduct abalone management and protection operations at sea in the waters of Xiaocheng Town, Lianjiang County, Fuzhou City, Fujian Province, China, on March 14, 2026. (Photo by Costfoto/NurPhoto) (Photo by CFOTO / NurPhoto / NurPhoto via AFP)
"China's financial commitments are simply more tangible and easier to grasp than those of Europe," one delegate from an island state remarked to me on a bright spring day in late March, as we both gazed out at the East River from the United Nations Headquarters. Behind us, in airless ...
Indonesia’s Nickel Sector in Turmoil: Acquisition Proposal Amid Chinese Investor Bankruptcy Saga
Trouble seems to be brewing in Indonesia’s nickel sector. One of the nation’s primary nickel smelters, PT Gunbuster Nickel Industry (GNI), is in an unprecedented crisis. Its troubles are deepened by its ties to a faltering Chinese parent company.