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.
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.
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.
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.
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.
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.
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%.
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).
16 May 2024 10:27
PT Vale Indonesia Tbk (INCO) has received an extension of operational license from Indonesian government, following the issuance of Special Mining Business License on May 13, 2024.
14 Mar 2024 13:26
PT Mineral Industri Indonesia (Persero) (MIND ID) will become a joint controller with Vale Japan Limited (VCL) in PT Vale Indonesia Tbk (INCO) via a rights issue of 603.44 million shares.
