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55 Years of PT Vale, Transforming Low Carbon Nickel from Indonesia to the World
PT Vale Indonesia Tbk is turning 55, solidifying its position as Indonesia's lowest carbon nickel mining company*.
We have existed in Indonesia since we started exploration in the 1920s, and formed an entity formerly known as PT International Nickel Indonesia (INCO) in July 1968.
At the official establishment of PT INCO, the history of agreements with the Indonesian government began with the signing of a Contract of Work (CoW). The CoW is a license and a mandate from the Indonesian government for companies to explore, mine and process nickel ore.
Since the signing of the CoW during the PT INCO era, we have been committed to increasing added value for Indonesia's mineral resources by operating an integrated nickel mine.
Even years before the Indonesian government ordered the downstreaming of minerals, we had been operating a processing plant in Sorowako since 1977. The inauguration of our processing plant was attended by the then-president, President Soeharto.
Along the journey, PT INCO developed into a leading nickel mining company. Then in 2011, a change in the composition of shareholders led us to change the name of our entity to PT Vale Indonesia Tbk.
For more than half a century of running a business that adheres to ESG commitments, we welcome this age by fully appreciating all parties and all the talents who have walked together with us.
Celebrating the 55 Years of PT Vale Indonesia, we take the theme "Spirits in harmony: everyone matters, everyone is valuable ''.
We believe all contributions are valuable, whatever they are. Where PT Vale Indonesia is today is the result of your dedication.
Beni Wahju (far right) stands on the brink of Larona River with Inco Ltd exploration team in 1966. The laterite ores expedition, conducted by Beni Wahju, Hitler Singawinata and the exploration team, was touted as the pioneer step of PT Vale (formerly Inco). The expedition also ensured that 15% of the world's nickel reserves lies in Indonesia.
Milestone
2023
Groundbreaking for an integrated low-carbon nickel mining and processing project in Morowali, Central Sulawesi. The project, included in the Indonesia Growth Project (IGP) Morowali agenda, is a collaboration between PT Vale, Xinhai and TISCO. The processing plant is based on a Rotary Kiln Electric Furnace (RKEF), supported by electricity from natural gas. PT Vale and its partners have allocated an investment of Rp37.5 trillion for a production capacity of 73 thousand tons annually.
Definitive agreement by Ford to join the Indonesia Growth Project (IGP) Pomalaa project with PT Vale and Huayou. This agreement was witnessed by Indonesian President Joko Widodo and ministers of the ‘Indonesia Maju’ cabinet.
Inauguration of PT Vale's Sawerigading Wallacea Biodiversity Park (Taman Kehati) by President Joko Widodo. Taman Kehati is the company's effort to operate integrated facilities to achieve integrated mining that fosters biodiversity.
Definitive agreement by Ford to join the Indonesia Growth Project (IGP) Pomalaa project with PT Vale and Huayou. This agreement was witnessed by Indonesian President Joko Widodo and ministers of the ‘Indonesia Maju’ cabinet.
2022
Groundbreaking of the Indonesia Growth Project (IGP) Pomalaa, in collaboration with PT Vale and Huayou, to develop a nickel processing facility with an investment of US$4.5 billion. This project will commence a smelter with HPAL (High-Pressure Acid Leach) technology to produce 120,000 tons of nickel and around 15,000 tons of cobalt in MHP products.
Cooperation agreement between PT Vale and Huayou for the development of the HPAL smelter to process limonite ore in Sorowako. The project investment value is US$1.8 billion.
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Esp (electrostatic precipitator) facilities are used to control articulate emissions in processing plants.
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2022
Groundbreaking of the Indonesia Growth Project (IGP) Pomalaa, in collaboration with PT Vale and Huayou, to develop a nickel processing facility with an investment of US$4.5 billion. This project will commence a smelter with HPAL (High-Pressure Acid Leach) technology to produce 120,000 tons of nickel and around 15,000 tons of cobalt in MHP products.
Cooperation agreement between PT Vale and Huayou for the development of the HPAL smelter to process limonite ore in Sorowako. The project investment value is US$1.8 billion.
2023
Groundbreaking for an integrated low-carbon nickel mining and processing project in Morowali, Central Sulawesi. The project, included in the Indonesia Growth Project (IGP) Morowali agenda, is a collaboration between PT Vale, Xinhai and TISCO. The processing plant is based on a Rotary Kiln Electric Furnace (RKEF), supported by electricity from natural gas. PT Vale and its partners have allocated an investment of Rp37.5 trillion for a production capacity of 73 thousand tons annually.
Inauguration of PT Vale's Sawerigading Wallacea Biodiversity Park (Taman Kehati) by President Joko Widodo. Taman Kehati is the company's effort to operate integrated facilities to achieve integrated mining that fosters biodiversity.
Definitive agreement by Ford to join the Indonesia Growth Project (IGP) Pomalaa project with PT Vale and Huayou. This agreement was witnessed by Indonesian President Joko Widodo and ministers of the ‘Indonesia Maju’ cabinet.
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