Midwest Ltd Signs MoU for Critical Minerals in Indonesia

Midwest Limited, along with Midwest Energy Limited and NFTDC, has signed a Memorandum of Understanding (MoU) with Indonesia's state-owned PT Perusahaan Mineral Nasional (PERMINAS). This collaboration aims to explore and develop critical minerals and rare earth resources in Indonesia, covering the entire value chain from exploration to downstream manufacturing, including rare earth magnet production. A joint working group will be established to oversee project implementation. This strategic move aligns with Midwest Limited's objective to expand its presence in the rare earth sector and marks its first structured partnership with a Southeast Asian state-owned enterprise.