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    Photo: Vale / Image Bank
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    Photo: Vale / Image Bank

    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.

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    Sekilas PT Vale Indonesia

    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

    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

    Processing Plant

    Main Office Plant Site Sorowako
    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.
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    Contract of Work

    We operate under the legal framework of CoW which was amended on October 17th, 2014 and is valid until December 28th, 2025 with a concession area of 118,017 hectares covering South Sulawesi (70,566 hectares), Central Sulawesi (22,699 hectares) and Southeast Sulawesi (24,752 hectares).
    The Company mines laterite nickel ore and processes it into the final product of nickel in matte. The average volume of nickel production per year reaches 75,000 tons. In producing nickel in the Sorowako Block, we use pyro metallurgical technology (in melting the laterite nickel ore). Our’s nickel product is exported entirely to Vale Canada Limited and Sumitomo Metal Mining in a long-term special contract agreed upon by the two companies.
    The Company also continues its plan to construct nickel processing plant and its facilities in Sambalagi, Morowali Regency, Central Sulawesi and in Pomalaa, Kolaka Regency, Southeast Sulawesi. The project in Bahodopi, is to build a smelter to process saprolite nickel ore and produce ferronickel, a main material for stainless steel making. In Pomalaa, the project is to build a processing facility with HPAL (High Pressure Acid Leaching) technology to process limonite ore and produce intermediate product which can be further processing to material for Electric Vehicle (“EV”) battery.

    Shareholding

    VCL, part of Vale Base Metals and the second largest nickel producer in the world, currently has 43.79% of our shares. While SMM, one of the largest mining and smelting companies in Japan, owns 15.03% of our shares. On October 7, 2020, PT Mineral Industri Indonesia (Persero), now known as MIND ID has 20% of our shares. Mining Industry Indonesia (MIND ID) is Indonesia's mining industry holding company comprising PT ANTAM Tbk, PT Bukit Asam, PT Freeport Indonesia, PT Indonesia Asahan Aluminium (Persero), and PT Timah Tbk. The remaining 21.18% of the shares are owned by public shareholders and others.

    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. 

    Briefing Book