Asian Metal visits Indonesia Nipindo Primatama, Asia Group, Kamar Dagang Dan, APEMINDO, Citra Media Dinamika, Nenggapratama Jaya, Yinyi Indonesia companies

On 10-11th July, 2013, Friday Gao, Manger of Base Metal Department and Penny Wei, analyst of nickel from Asian Metal visited Indonesia Pt. Nipindo Primatama, Asia Group, Kamar Dagang Dan Industri Indonesia, Asosiasi Pengusaha Mineral Indonesia, Pt. Citra Media Dinamika, PT. Nenggapratama Jaya Mandiri and Pt. Yinyi Indonesia Mining Investment Group.

On the morning of July 10, Asian Metal visited Indonesia Pt. Nipindo Primatama and was welcomed by Nierwan Judi, the director of the company. The Company holds lateritic nickel mine in Indonesia and has iron ore, and coal export business. Mr. Judi indicated that impacted by the decreasing nickel price, lateritic nickel ore price moved down, so they have to hold back from selling. Mr. Judi is the member of Asian Metal, and he expresses confidence in Asian Metal to continue adhering to the neutral third party principle to reflect market conditions fairly. Mr. Judi also will attend Asian Bauxite and Nickel Ore Investment & Trading Summit 2013 which will be held by Asian Metal in Bali Indonesia.

On the afternoon of July 10, Asian Metal visited Asia Group and met with Kent K Ady, the managing director of the company. This company trade mine business, but impacted by the decreasing nickel price, the export volume of lateritic nickel ore moved down greatly this year. Mr. Ady plans to start Bauxite business and cares about Asian Metal information.

On the morning of July 11, Asian Metal met with SJAHRIAL ONG, the Chairman and Pres. Commissioner of Kamar Dagang Dan Industri Indonesia. Mr. Shanrial Ong introduced the situation of mining industry in Indonesia and will invite the official in mining industry to attend Asian Bauxite and Nickel Ore Investment & Trading Summit 2013 which will be held by Asian Metal in Bali Indonesia. They will make presentation on the summit.

Then, Asian Metal visited Asosiasi Pengusaha Mineral Indonesia (The Indonesian Association of Mineral Entrepreneur) and Pt. Citra Media Dinamika, and were welcomed by Wira Budiman, the executive director of APEMINDO, Any Andayani, the Secretary of APEMINDO, and Tjandra Irawan, the director of Pt. Citra Media Dinamika. Mr. Wira Budiman introduces the situation of APEMINDO and the member of the association. Mr. Wiar Budiman supports Asian Bauxite and Nickel Ore Investment & Trading Summit 2013 which will be held by Asian Metal in Bali Indonesia and will make a presentation in the summit. Furthermore, they will ask their member to attend the summit also.

On the afternoon of July 11, Asian Metal met with Troy Evelon who came from Kendari for Asian Metal, the CEO of PT. Nenggapratama Jaya Mandiri and Andri Darmawan, the director of the compnay. This company holds lateritic nickel mine and mainly supplies high-grade lateritic nickel ore. They have export permission and may keep export nickel ore in 2014. Mr. Troy will make a presentation to introduce their lateritic nickel ore in Asian Bauxite and Nickel Ore Investment & Trading Summit 2013 which will be held by Asian Metal in Bali Indonesia. Meanwhile Mr. Fang Yulong, the General manger of Shandong Jinmaosheng Co., Ltd. met with us and told with the market movement. He indicated weak demand in Chinese customers. Mr. Fang will also attend Asian Bauxite and Nickel Ore Investment & Trading Summit 2013.

Then, Asian Metal met with Sun Jin, the Department Manger of Pt. Yinyi Indonesia Mining Investment Group. They have nickel cathodes plant in Guangxi, China, and have an office in Jakarta. They mainly supply lateritic nickel ore futures. Mr. Sun worried the weak lateritic nickel ore market and indicated the demand from China was inactive. They consider attending Asian Bauxite and Nickel Ore Investment & Trading Summit 2013 which will be held by Asian Metal in Bali Indonesia.