PT Vale Indonesia Tbk (PTNDF) Financial

PT Vale Indonesia Tbk engages in the exploration, mining, processing, storage and operations in all stages for nickel and associated ores, minerals, metals, and mineral products. The company is headquartered in Jakarta, Dki Jakarta and currently employs 3,020 full-time employees. The Company’s integrated nickel mining and processing project in Morowali Regency, Central Sulawesi consists of a mining area in Bahodopi and a processing plant with Rotary Kiln-Electric Furnace (RKEF) technology in Sambalagi. The company plans to construct a nickel processing plant and facilities in Sambalagi, Morowali Regency, Central Sulawesi and in Pomalaa, Kolaka Regency, Southeast Sulawesi. The project in Bahodopi, is to build a smelter to process saprolite nickel ore and produce ferronickel, a main material for stainless steel making. In Pomalaa, the project is to build a processing facility with HPAL (High Pressure Acid Leaching) technology to process limonite ore and produce an intermediate product which can be further processed to material for an electric vehicle (EV) battery. Its subsidiaries include PT Bahodopi Nickel Smelting Indonesia and PT Kolaka Nickel Indonesia.