PT Vale records strong performance in 2021

About Vale

2/24/2022

PT Vale records strong performance in 2021

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PT Vale Indonesia Tbk (“PT Vale” or the “Company”, IDX Ticker: INCO) and its subsidiaries (jointly the “Group”) today announced its audited results for 2021. The Company booked strong results with EBITDA of US$391.9 million, 44% increase from prior year EBITDA.

We achieved our six consecutive fatality free calendar year and mitigated the impacts of COVID-19. The higher nickel price together with strong cost discipline gives a positive impact on our financial performance. During the year we doubled our net profit and brought our year-end cash balance to US$508.3 million, an increase of nearly US$120 million from prior year balance. This strong cash balance will provide strong supports for execution of our growth projects,

Febriany Eddy, CEO and President Director

In December 2021, for the second time PT Vale received a Green PROPER rating from the Ministry of Environment and Forestry (“KLHK”). This marks the second time such a prestigious rating has been awarded to an integrated nickel mining and processing company in Indonesia. We are grateful and will continue to improve the good mining practices in our operation for a better future.

Further detail of the release is available in the link below:

4Q21 Results Release 4Q21 Production Report PT Vale Indonesia Tbk Financial Statements 31 Dec 2021

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PT Vale records strong performance in 2021