Vale Indonesia Partners with Japan-China to Develop Smelters

Newsroom

10/28/2019

Vale Indonesia Partners with Japan-China to Develop Smelters

Nickel miner PT Vale Indonesia (INCO) has set up a partnership with Japanese and Chinese investors to develop smelters with a total investment value of US$5 billion or Rp70 trillion (...)

Nickel miner PT Vale Indonesia (INCO) has set up a partnership with Japanese and Chinese investors to develop smelters with a total investment value of US$5 billion or Rp70 trillion. The company management said that the fund would be used to develop two new smelters and expand an existing smelter, which are located in Bahodopi in Central Sulawesi and Pomalaa in Southeast Sulawesi. Vale has not yet revealed the name of its partners. They are still discussing matters related to financing portions.

Sources: Cnbcindonesia.com, October 16, 2019

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Vale Indonesia Partners with Japan-China to Develop Smelters