Vale Indonesia Advances Major Nickel Downstream Projects with IDR 146.52 Trillion Investment

Published: May 1, 2025 00:39

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PT Vale Indonesia Tbk (IDX: INCO) is advancing three major nickel downstream projects with the support of a total investment of IDR 146.52 trillion (approximately USD 8.5 billion), as part of Indonesia’s National Strategic Projects aimed at promoting industrial downstream development. According to MIND ID President Director Maroef Sjamsoeddin, the projects are located in Pomalaa, Morowali, and Sorowako, and are intended to expand Vale Indonesia’s production capacity and diversify its nickel product output—particularly by adding an annual production of 240,000 tons of Mixed Hydroxide Precipitate (MHP). As the main shareholder of Vale Indonesia, MIND ID is spearheading these efforts to enhance its economic impact by creating jobs, increasing government revenue, and boosting the added value of its products. The three projects are scheduled for completion between 2026 and 2027 and are expected to significantly advance the development of Indonesia’s nickel downstream industry.

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