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Related company : INDONESIA ASAHAN ALUMINIUM

Related company : INDONESIA ASAHAN ALUMINIUM

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Tone : Neutral

 

Gov't orders Inalum to acquire stake in Vale Indonesia

Summary
The Jakarta Globe, October 8, 2019
The government has decided to task state mining holding company Indonesia Asahan Aluminium, or Inalum, with buying a 20 percent stake in Vale Indonesia, paving the way for government ownership of a substantial piece of the largest nickel producer in the country. Vale Indonesia operates an integrated nickel mining and processing factory in Sorowako, South Sulawesi. Its mining permit requires the company to relinquish at least 40 percent of its shares to a local entity, government or private, by October.
 
 

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