- CEO
- Bernardus Irmanto
- Full Time Employees
- 3,064
- Sector
- Basic Materials
- Industry
- Industrial Materials
- Address
- The Energy Building Jakarta Indonesia 12190
- IPO Date
- Sep 29, 2005
- Business
- PT Vale Indonesia Tbk PT Vale Indonesia Tbk engages in nickel mining and processing in Indonesia. The company produces nickel matte from laterite nickel ore using pyrometallurgical and smelting technologies at its primary operations in the Sorowako Block, South Sulawesi Province; it also sells nickel ore and advances high-pressure acid leach (HPAL) projects to produce mixed hydroxide precipitate for the global energy transition. PT Vale Indonesia Tbk operates under a Special Mining Business License (IUPK) valid until December 28, 2035, across a 118,017-hectare concession spanning South Sulawesi, Central Sulawesi, and Southeast Sulawesi; its activities support Indonesia's downstream industrialization policy through renewable energy utilization, including hydroelectric power. Founded in 1968 and headquartered in Jakarta at Sequis Tower, 20th Floor, Jl. Jend. Sudirman Kav. 71, the company maintains representative offices in Makassar and a processing plant in Luwu Timur. In recent developments, PT Mineral Industri Indonesia (MIND ID) becomes the largest shareholder with a 34 percent stake following the completion of a share divestment transaction and rights issue in June and July 2024 from Vale Canada Limited and Sumitomo Metal Mining Co. Ltd.; PT Vale Indonesia Tbk progresses its Indonesia Growth Project (IGP), including USD 4.5 billion HPAL facilities in Pomalaa with Ford and Huayou Cobalt, USD 2 billion in Morowali with GEM Co. Ltd., and USD 2.3 billion Sorowako Limonite with Huayou, targeting over 12,000 jobs by end-2025. The company fulfills an initial 200,000 metric ton nickel ore quota from Pomalaa Block in late 2024 and launches mining operations plus domestic saprolite ore sales from Morowali Block in mid-2025, with a 2024 nickel matte production target of 70,800 metric tons. Ownership includes Vale Canada Ltd. at 33.9 percent, Sumitomo Metal Mining at 11.5 percent, and public float of 20.6 percent on the Indonesia Stock Exchange.