About PT Vale Indonesia
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About PT Vale Indonesia
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Over half a century of operations in Indonesia, PT Vale Indonesia Tbk grew to become one of the leading mineral mining companies, with a longterm commitment to positively contributing to Indonesia’s sustainable development.
Company General Information
Company Name
PT Vale Indonesia Tbk
Establishment Date
July 25, 1968
Share Code
INCO
Stock Exchange Listing Date
May 16, 1990 at the Indonesia Stock Exchange (formerly Jakarta Stock Exchange)
Authorized Capital
39,745,354,880 shares, with par value of IDR25 per share.
Issued and Fully Paid Up Capital
9,936,338,720 shares, with par value of IDR25 per shares.
Head Office
Sequis Tower, 20th Floor, Unit 6 & 7
Jl. Jend. Sudirman Kav. 71
Jakarta 12190, Indonesia
Phone: +62-21 524 9000
Fax: +62-21 524 9020
Jl. Jend. Sudirman Kav. 71
Jakarta 12190, Indonesia
Phone: +62-21 524 9000
Fax: +62-21 524 9020
Representative Offices
Makassar, Sulawesi Selatan
Jl. Somba Opu No. 281
Makassar 90113
Sulawesi Selatan, Indonesia
Tel.: +62 411 366 9000
Fax.: +62 411 366 9020
Jl. Somba Opu No. 281
Makassar 90113
Sulawesi Selatan, Indonesia
Tel.: +62 411 366 9000
Fax.: +62 411 366 9020
Processing Plant
Main Office Plant Site Sorowako
Luwu Timur 92984
Sulawesi Selatan, Indonesia
Tel.: +62 475 332 9100
Fax.: +62 475 332 9575
Luwu Timur 92984
Sulawesi Selatan, Indonesia
Tel.: +62 475 332 9100
Fax.: +62 475 332 9575
Legal Basis for Establishment
PT Vale Indonesia was established by Deed No. 49 dated July 25, 1968, drawn up before Eliza Pondaag, a public notary in Jakarta.
The Company’s Articles of Association were approved by the Minister of Justice of the Republic of Indonesia in Decision Letter No. J.A.5/59/18 dated July 26, 1968, and published in Supplement No. 93 to State Gazette of the Republic of Indonesia No. 62 dated August 2, 1968. These Articles of Association have been amended several times with the latest amendment made by Deed No. 121, dated June 29, 2015, drawn up before Leolin Jayayanti S.H., a public notary in Jakarta, to reflect amendments to the Company’s Articles of Association as approved by the Extraordinary General Meeting of Shareholders (“Extraordinary GMS”) on June 29, 2015.
This amendment was approved by the Minister of Law and Human Rights of the Republic of Indonesia in Decision Letter No. AHU-0938647.AH.01.02 Year 2015 dated July 3, 2015, and obtained acceptance of notification from the Minister of Law and Human Rights of the Republic of Indonesia in Decision Letter No. AHU-AH.01.03-0948078 Year 2015 dated July 3, 2015.
This amendment was approved by the Minister of Law and Human Rights of the Republic of Indonesia in Decision Letter No. AHU-0938647.AH.01.02 Year 2015 dated July 3, 2015, and obtained acceptance of notification from the Minister of Law and Human Rights of the Republic of Indonesia in Decision Letter No. AHU-AH.01.03-0948078 Year 2015 dated July 3, 2015.
Business Activities and Products Produced
We operates under a Contract of Work, which was amended with a Special Mining Business Permit (IUPK) on May 13, 2024. The contract is valid until December 28, 2035, and the concession covers an area of 118,017 Ha covering South Sulawesi (70,566 hectares), Central Sulawesi (22,699 hectares) and Southeast Sulawesi (24,752 hectares).
In producing nickel in the Sorowako Block, we use pyro metallurgical technology (in melting the laterite nickel ore). The Company mines laterite nickel ore and processes it into the final product of nickel in matte.
The Company also continues its plan to developing integrated mining practices through the Indonesia Growth Project (IGP) in Morowali Regency, Central Sulawesi, and in Kolaka Regency, Southeast Sulawesi. The development project also targets existing operational locations, in East Luwu Regency, South Sulawesi.
In producing nickel in the Sorowako Block, we use pyro metallurgical technology (in melting the laterite nickel ore). The Company mines laterite nickel ore and processes it into the final product of nickel in matte.
The Company also continues its plan to developing integrated mining practices through the Indonesia Growth Project (IGP) in Morowali Regency, Central Sulawesi, and in Kolaka Regency, Southeast Sulawesi. The development project also targets existing operational locations, in East Luwu Regency, South Sulawesi.
Major and Controlling Shareholders
As the two largest shareholders, MIND ID (PT Mineral Industri Indonesia) and Vale Canada Limited (VCL) jointly control PT Vale Indonesia Tbk. MIND ID holds the largest share in the company at 34.00%, while VCL holds approximately 33.88%.
MIND ID is a state-owned holding company that comprises several leading companies, including PT ANTAM Tbk, PT Bukit Asam Tbk, PT Freeport Indonesia, PT INALUM, and PT Timah Tbk. With its significant ownership in PT Vale Indonesia Tbk, MIND ID not only plays a vital role in the national mining industry but also influences the company's long-term strategy.
Through the collaboration between MIND ID and VCL, PT Vale Indonesia Tbk plays a crucial role in Indonesia's economy and the global market.
MIND ID is a state-owned holding company that comprises several leading companies, including PT ANTAM Tbk, PT Bukit Asam Tbk, PT Freeport Indonesia, PT INALUM, and PT Timah Tbk. With its significant ownership in PT Vale Indonesia Tbk, MIND ID not only plays a vital role in the national mining industry but also influences the company's long-term strategy.
Through the collaboration between MIND ID and VCL, PT Vale Indonesia Tbk plays a crucial role in Indonesia's economy and the global market.
Our Purpose
Why do we exist?
Vale exists to improve life and transform the future. Together.
We believe mining is essential to the world’s development. We only serve society when we generate prosperity for all and take care of the planet.
This is our purpose.
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Vale
Investors
© Vale | Seluruh hak cipta.
Vale
Investors
© Vale | Seluruh hak cipta.