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PT Vale Indonesia Tbk (INCO.JK)
| Previous close | 4,210.00 |
| Open | 4,210.00 |
| Bid | 5,250.00 x 0 |
| Ask | 3,160.00 x 0 |
| Day's range | 4,050.00 - 4,240.00 |
| 52-week range | 3,610.00 - 7,100.00 |
| Volume | |
| Avg. volume | 19,579,476 |
| Market cap | 40.739T |
| Beta (5Y monthly) | 0.98 |
| PE ratio (TTM) | 9.14 |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | 89.60 (2.13%) |
| Ex-dividend date | 16 May 2023 |
| 1y target est | N/A |
- Reuters
UPDATE 2-Vale divestment in Indonesian nickel unit expected to finish in July
Indonesia's mining minister on Wednesday said divestment of Vale Canada Ltd and Sumitomo Metal Mining Co. Ltd's shares in their nickel miner unit Vale Indonesia is expected to conclude in July. The transaction is required by the government to extend Vale Indonesia's operating permit beyond 2025. Vale Canada and Sumitomo agreed to divest a 14% stake in nickel unit to Indonesia's mining industry holding company, MIND ID, taking MIND ID's ownership to 34% from 20%.
- Reuters
UPDATE 1-Vale Indonesia targets 2024 output of about 70,800 metric tons nickel in matte
Nickel miner PT Vale Indonesia is aiming for output this year of about 70,800 metric tons of nickel in matte, an official said on Monday, a similar volume to the 70,728 metric tons produced in 2023. Vale Canada and Japan's Sumitomo Metal Mining in February agreed to divest a 14% stake in Vale Indonesia to Indonesia's mining industry holding company, MIND ID, as a requirement to secure the new mining permit. Indonesian government said it would issue the new mining permit for Vale.
- Reuters
Vale Canada, Sumitomo Metal sign initial agreement to sell 14% stake in Indonesia nickel miner
JAKARTA (Reuters) -Vale Base Metals said its Vale Canada unit and Japan's Sumitomo Metal Mining signed an initial agreement on Friday to sell a 14% stake in their Indonesian nickel mining unit to Indonesia's state miner. Vale Canada and Sumitomo signed the so-called heads of agreement to sell the shares to PT Mineral Industri Indonesia (MIND ID), the country's state mining holding company, Vale Base Metals said in a statement. Share divestment is a condition required by Indonesia to extend Vale Indonesia's mining permit, which will otherwise end in 2025.
