# China's CNGR to spend $500m on Indonesian nickel assets

> China's CNGR plans to buy Indonesian nickel assets for $500 million to control ANHI and DDL.
- Title: China's CNGR to spend $500m on Indonesian nickel assets
- Summary: China's CNGR plans to buy Indonesian nickel assets for $500 million to control ANHI and DDL. China's CNGR will spend over $500 million to acquire stakes in…
- Keywords: cngr, anhi, ddl, indonesian nickel assets, nickel mining, resource acquisitions, finance, markets, China's, spend, 500m, Indonesian
- Source: BigGo Finance — https://finance.biggo.com/news/c72d2766-8e3b-4be1-bf26-17abffbda200
- Author: BigGo Finance
- Published: 2026-10-22T13:35:09+00:00
- Read time: 1 min
- Topics: cngr, anhi, ddl, indonesian nickel assets, nickel mining, resource acquisitions, finance, markets
## CNGR announces nickel asset acquisitions
China's CNGR Advanced Material disclosed a package of transactions on Oct. 22.
## CNGR acquires 53.3% stake in HML
CNGR Hong Kong Zhengxing plans to pay about $108 million for a 53.3% stake in Hanking (Indonesia) Mining Limited.
## EEP subscribes for ANHI shares
Another subsidiary EEP plans to subscribe for up to $418 million of newly issued shares in PT Abadi Nusantara HijauInvestama Tbk.
## ANHI acquires DDL for $324 million
ANHI will acquire 100% of Denway Development Limited from HML for $324 million.
## Total transaction value
The three arrangements total about $526 million, including $324 million for DDL acquisition.
## CNGR targets 50% of ANHI and DDL
CNGR aims to hold no less than 50% of ANHI (and DDL) after completion.
## Key takeaway

China's CNGR will spend over $500 million to acquire stakes in Indonesian nickel mining companies ANHI and DDL.