Petrosea secures jumbo contract of USD 1 billion from Vale
17 Jan 2025 08:24
This Prajogo Pangestu's company receives mining service contract from Vale, effective for 10 years.
INCO assigns Retno Marsudi as Independent Commissioner
14 Jan 2025 13:40
Retno Lestari Priansari Marsudi, former Minister of Foreign Affairs, is named as Independent Commissioner of INCO until 2027.
INCO and GEM Co to collaborate on net-zero nickel production
11 Nov 2024 16:16
PT Vale Indonesia Tbk (INCO) and GEM Co Ltd, Beijing, China, have reportedly agreed upon a contract regarding investment in net-zero nickel production in Central Sulawesi.
Aiming for 70 thousand tons production, Vale Indonesia eyes local factories for nickel ore sales
26 Aug 2024 16:50
After securing the extension of its Special Mining Business License (IUPK) last May, PT Vale Indonesia Tbk (INCO) is now confident to be able to attain nickel in matte production target of 70,800 wet metric tons (wmt) in 2024.
Supporting nickel downstreaming, Vale Indonesia realised 29.6% of capex in June 2024
26 Aug 2024 16:10
PT Vale Indonesia Tbk (INCO), an integrated nickel mining company, reported capital expenditure (capex) deployment of USD 118.5 million at the end of June 2024, or equal to 29.6% of total capex budgeted this year.
First half of 2024 saw INCO’s net profit plummeting 82.05%
01 Aug 2024 15:48
PT Vale Indonesia Tbk (INCO) booked net profit of USD 37.28 million in the first half of 2024, down 82.05% year-on-year (yoy) from USD 207.80 million seen in the same period in 2023.
Three Vale Indonesia (INCO) investors reported decline in share portion
09 Jul 2024 11:32
As a result of PT Vale Indonesia Tbk's (INCO) divestment, three of its largest investors saw a decrease in share portion but no change in the number of shares owned on Wednesday, July 3. The state-owned company PT Mineral Industri Indonesia (Persero), which owns 3.58 billion shares in this nickel mining company, saw its share percentage fell from 34.03% to 34%. Then, foreign investor Vale Canada Limited saw its share portion fall from 33.91% to 33.88% of the 3.57 billion shares it owned. Finally, Sumitomo Metal Mining Co., Ltd., another foreign investor with 1.21 billion shares, saw a decrease in share ownership from 11.5% to 11.48.
Billions of Vale Indonesia (INCO) shares traded by major investors
02 Jul 2024 17:53
At the end of June, several of PT Vale Indonesia Tbk's (INCO) major investors appeared to be trading billions of shares. On Friday, June 28, PT Mineral Industri Indonesia (Persero), a state-owned company, acquired 1.59 billion shares of the nickel mining company, increasing its ownership from 19.93% to 34.19%. However, INCO's controlling shareholder, Vale Canada Limited, reduced its shares by 780.41 million, followed by Sumitomo Metal Mining Co., Ltd., which sold 282.84 million. These two foreign investors reported remaining ownership of 34.07% in Vale Canada and 11.55% in Sumitomo Metal, respectively.
Three major investors in Surya Esa Perkasa (ESSA) actively adding shares
01 Jul 2024 17:43
On Wednesday, June 26, three large investors in natural gas refining and processing company, PT Surya Esa Perkasa Tbk (ESSA), were seen adding shares. First, Garibaldi Thohir acquired 33.30 million shares. Boy previously held approximately 14.32% ownership, which has now increased to 14.51%. Furthermore, PT Akraya International purchased another 27.28 million ESSA shares, increasing its stake to 7.81%. Finally, an individual investor named T. Permadi Rachmat purchased 12.11 million ESSA shares, increasing his shareholding to 7.16%.
INCO to allocate capex of IDR 1.46 trillion from rights issue proceeds
11 Jun 2024 10:16
PT Vale Indonesia Tbk (INCO) is allocating 79.34% or IDR 1.46 trillion of total rights issue proceeds, which involves the issuance of 603.4 million shares on the next two weeks (24/6).
