Announced
Completed
Financials
Tags
Indonesia
Private
Friendly
Majority
Nonferrous Metals
nickel mining
Acquisition
Single Bidder
nickel exploration
Completed
Cross Border
Synopsis
PT Indonesia Asahan Aluminium, an aluminium smelting company, completed the acquisition of a 20% stake in PT Vale Indonesia, a nickel producer, from Vale Canada, Vale’s nickel mining and metals division, for $278m. The transaction satisfies PT Vale's divestment obligation under the contract of work with the government of Indonesia, which is one of the requirements PT Vale needs to fulfil in order to extend its operation beyond 2025.
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