Glencore and Itochu Eye Stake in Indonesian Miner Harita Nickel

Glencore Plc and Japan’s Itochu Corp. are among the potential buyers eyeing a stake in Indonesian miner Harita Nickel, a sign of growing interest from foreign heavyweights in the Southeast Asian nation’s fast-expanding nickel sector.

The two suitors have separately expressed interest in new stock to be issued by PT Trimegah Bangun Persada, as Harita is formally known, people familiar with the matter said. They asked not to be named as the information isn’t public.

Indonesian heavy equipment and mining contractor PT United Tractors, owned by one of the country’s largest conglomerates, is also among the interested parties, the ...