Iron constructions at a Vale site. Iron constructions at a Vale site.
Smiling man poses for a photo wearing vest, helmet and Vale uniform.
Photo: Vale / Image Bank
Gentle woman with helmet, hijab and Vale overalls with her hands crossed in front of her chest poses for a photo.
Photo: Vale / Image Bank

Over half a century of operations in Indonesia, PT Vale Indonesia Tbk grew to become one of the leading mineral mining companies, with a longterm commitment to positively contributing to Indonesia’s sustainable development.

Our Purpose

Why do we exist?

Vale exists to improve life and transform the future. Together.

We believe mining is essential to the world’s development. We only serve society when we generate prosperity for all and take care of the planet.  

This is our purpose. 

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Sekilas PT Vale Indonesia

Company General Information

Company Name

PT Vale Indonesia Tbk

Establishment Date

July 25, 1968

Share Code

INCO

Stock Exchange Listing Date

May 16, 1990 at the Indonesia Stock Exchange (formerly Jakarta Stock Exchange)

Authorized Capital

39,745,354,880 shares, with par value of IDR25 per share.

Issued and Fully Paid Up Capital

10,539,784,534 shares, with par value of IDR25 per shares.

Head Office

Sequis Tower, 20th Floor, Unit 6 & 7
Jl. Jend. Sudirman Kav. 71
Jakarta 12190, Indonesia
Phone: +62-21 524 9000
Fax: +62-21 524 9020

Representative Offices

Makassar, Sulawesi Selatan
Jl. Somba Opu No. 281
Makassar 90113
Sulawesi Selatan, Indonesia
Tel.: +62 411 366 9000
Fax.: +62 411 366 9020

Processing Plant

Main Office Plant Site Sorowako
Luwu Timur 92984
Sulawesi Selatan, Indonesia
Tel.: +62 475 332 9100
Fax.: +62 475 332 9575

Legal Basis for Establishment

The Company was established pursuant to Deed No. 49 dated July 25, 1968, drawn up before Notary Eliza Pondaag, a public notary in Jakarta. 

The Company’s Articles of Association were approved by the Minister of Justice of the Republic of Indonesia through Decree No. J.A.5/59/18 dated July 26, 1968, and published in Supplement No. 93 to the State Gazette of the Republic of Indonesia No. 62 dated August 2, 1968.

The Articles of Association have been amended several times, most recently by Deed No. 123 dated June 28, 2024, drawn up before Notary Aulia Taufani, S.H., a public notary in Jakarta, and acknowledged by the Minister of Law and Human Rights of the Republic of Indonesia through Letter No. AHUAH. 01.03-0165452 dated June 28, 2024 and Deed No. 15 dated July 5, 2024, also drawn up before Notary Aulia Taufani, S.H., a public notary in Jakarta and acknowledged by the Minister of Law and Human Rights of the Republic of Indonesia through Letter No. AHU-AH.01.03-0169045 dated July 5, 2024.

Our Operations and Products

PT Vale Indonesia Tbk is an integrated nickel mining and processing company, with its primary operations located in the Sorowako Block, South Sulawesi Province. Utilizing pyrometallurgical and smelting technologies, the company processes laterite nickel ore into nickel in matte, with a 2024 production target of 70,800 metric tons. PT Vale operates under a Special Mining Business License (IUPK), valid until December 28, 2035. The concession area spans 118,017 hectares, covering South Sulawesi (70,566 ha), Central Sulawesi (22,699 ha), and Southeast Sulawesi (24,752 ha).

The company is currently advancing its Indonesia Growth Project (IGP), which includes High-Pressure Acid Leach (HPAL) facilities in Pomalaa (a USD 4.5 billion collaboration with Ford and Huayou), Morowali (USD 2 billion with GEM Co. Ltd), and Sorowako Limonite (USD 2.3 billion with Huayou). These strategic initiatives support Indonesia’s downstream industrialization policy and are expected to generate over 12,000 jobs by the end of 2025, reinforcing PT Vale’s role in sustainable mining and the global energy transition.

PT Vale has commenced nickel ore sales from the Pomalaa Block, with an initial quota of 200,000 metric tons fulfilled in late 2024. This milestone was followed by the launch of mining operations and domestic saprolite ore sales from the Morowali Block in Central Sulawesi, which began in mid-2025.

Ownership structure

Under the current ownership structure, MIND ID (Mineral Industri Indonesia), Indonesia’s state-owned mining industry holding company, owns a 34 per cent interest in PT Vale, while and oversees day-to-day operations. 

Vale Canada Ltd. (VCL), a wholly-owned subsidiary of Vale Base Metals (VBM) Ltd., holds a 33.9 per cent stake in PT Vale. MIND ID and  VCLVBM jointly control PT Vale by holdings a seats on the PT Vale Board and provides advisory support services to the Board and the PT Vale operational leadership team.  

Sumitomo Metal Mining Co. Ltd., a Japan-based diversified mining company, holds an 11.5 per cent interest in PT Vale. 

About 20.6 per cent of PT Vale is held by the public on the Indonesia Stock Exchange. 

Briefing Book