Stellantis is in talks with Vale and China s Huayou Cobalt to invest in a nickel smelter in Indonesia and secure supplies of the battery metal critical to its electric vehicle expansion plans
Indonesia s mining industry holding company MIND ID agreed on Monday to acquire a 14% stake in Vale Indonesia from Vale Canada and Japan s Sumitomo Metal Mining to become the top shareholder at one of the country s largest nickel miners The divestment is a key condition for the extension of Vale Indonesia s mining permit beyond 2025
of Commerce in Indonesia From the non government sector researchers conducted field interviews with business stakeholders at the national and local Sulawesi levels including representatives from companies such as PT Vale Indonesia Ex Inco PT Sulawesi Mining Investment SMI IMIP PT Virtue Dragon Nickel Indonesia Cipta
PT Vale Indonesia Tbk engages in the mining and processing of nickel in Indonesia It is also involved in the non iron metal manufacturing industry The company was formerly known as PT International Nickel Indonesia Tbk and changed its name to PT Vale Indonesia Tbk in September 2011
The company s open pit mine in Sorowako officially opened in 1978 by then Indonesian dictator Suharto is among the biggest in the world producing 64 100 tonnes of nickel in 2023 Led by Inco
Nickel miner Vale Indonesia INCO signed an agreement to divest 14 percent of its shares valued at Rp trillion $268 million to a consortium of state owned mining companies Mineral Industri Indonesia MIND ID on Monday This divestment is a crucial step for Vale to secure an extension of its mining permit in Indonesia which will
PT Vale Indonesia Tbk BUY Investment Consideration Production grew in 4Q23 • In 4Q2023 INCO recorded nickel in matte production growth of 18% YoY to 19 084 MTTarget Price or % QoQ the highest growth since 4Q2021 For 2023FY the production reached 70 728 MT an increase of 18% YoY
Haji Karlan has a nickel mining concession for nearly 15 000 hectares of forestland in Morowali Central Sulawesi This means his mines cover an area larger than the City of Bogor West Java Most of his concessions are in the mining area of PT Inco or PT Vale Indonesia Haji Karlan is of relatively good repute in Central Sulawesi
JAKARTA After securing the extension of its Special Mining Business License IUPK last May PT Vale Indonesia Tbk INCO is now confident to be able to attain nickel in matte production target of 70 800 wet metric tons wmt in 2024
The implementation of green technologies in nickel mining in the Indonesia has been hindered by a lack of knowledge and awareness of ultramafic ecosystems which has led to widespread biodiversity loss and missing out on the value of native plants in rehabilitation This was a collaborative project between Inco Ltd Canada /PT Vale
In 1928 Inco decided it would be wiser to join forces rather than fight over the world s largest nickel mine Mond and Inco were then merged at the end of that year to form International Nickel Co of Canada Ltd still nicknamed Inco and Cuba cut into Inco s profits Bad weather forced the company s Indonesian mine to shut down for part
Mining of nickel ore and production of nickel matte Listing date on the Indonesia Stock Exchange IDX May 16 1990 Ticker symbol INCO Operational area Sorowako Block East Luwu Regency South Sulawesi IGP Morowali Sambalagi & Bahomotefe Villages Morowali Regency Central Sulawesi IGP Pomalaa Kolaka Regency Southeast Sulawesi Headquarter
INCO s mining areas are spread across several locations in South Sulawesi Central Sulawesi and East Sulawesi This company is one of the nickel mining companies in Indonesia which is also on the IDX list with the code INCO This company is a matte nickel producer with recorded revenues of IDR 8 3 trillion
Jakarta August 25th 2023 PT Vale Indonesia Tbk PT Vale or the Company IDX Ticker INCO signed a Definitive Cooperation Agreement with Zhejiang Huayou Cobalt Co Ltd Huayou and PT Huali Nickel Indonesia Huali to construct High Pressure Acid Leaching HPAL facilities target 60 000 tons of nickel and around 5 000 tons of
6 The company produces nickel in matte from lateritic ores at its integrated mining and processing facilities near Sorowako Indonesia The finished nickel product represents what is known in the
Nickel mining on land goes hand in hand with deforestation and to meet climate goals we desperately need to conserve our forests The only way to extract nickel is to bulldoze the whole area and scrape off the top soil layers along with everything that lives on practice this means bulldozers razing the rainforest to the ground
PT International Nickel Indonesia PT Inco made that discovery when it began mining laterite ore near Soroako on the island of Sulawesi in the 1970s PT Inco is owned roughly 59% by Inco 20% by Sumitomo Metal Mining Co Ltd and 20% by public shareholders almost 90% of whom are from outside Indonesia
Environmental groups and analysts have warned Indonesia could repeat mistakes made in the palm oil industry associated with rampant deforestation unless more steps are taken to protect forests
INCO constructed a smelter between 1974 and 1978 to produce more than 35 000 tonnes of nickel per year as a nickel matte from laterite ores on the island of Sulawesi in Indonesia Since then significant changes have occurred in
Jakarta January 17 2024 — A massive multi billion dollar nickel industrial complex in North Maluku and nearby nickel mining is violating the rights of local communities including Indigenous Peoples causing significant deforestation air and water pollution and emitting massive amounts of greenhouse gases from captive coal plants Climate Rights International said in a report and
However only 800 000 hectares of this area have been explored and mining permits IUP have been granted Below is a list of the largest nickel mines in Indonesia currently in operation 1 Sorowako Block The Sorowako Block is a nickel mining concession with open pit mining operations managed by PT Vale Indonesia Tbk INCO
Transitioning from coal to renewables is vital to curtail the environmental impact of the rapidly expanding Indonesian nickel industry As Indonesian nickel producers emerge as key global players their greenhouse gas GHG emissions are expected to rise along with increased nickel new report from the Institute for Energy Economics and
15 INCO The Nickel Chronicles INCO s Next Chapter in Ore and HPAL Ventures Reinitiate HOLD TP IDR4 300 INCO s 9M24 revenue declined by % yoy to USD709mn with net profit down to USD51 mn % yoy due to lower ASP
