Announced
Financials
Sources
Tags
Indonesia
Nonferrous Metals
nickel mining
nickel exploration
Public
Pending
Single Bidder
Acquisition
Minority
Cross Border
Friendly
Synopsis
Mineral Industri Indonesia, the state mining holding company, agreed to acquire a minority stake in Vale Indonesia, a foreign investment company, from minerals company Vale Canada and Sumitomo Metal Mining for $160m. “This agreement signals the commitment made by Vale Base Metals to PT Vale, the Indonesian people and to our stakeholders to unlock value from our assets," Mark Cutifani, Vale Base Metals Chair.
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