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About PT Vale IndonesiaGo Back
About PT Vale Indonesia
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.
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Here you find information about our shareholders, our financial highlights and statements, dividends and our annual reports. Learn more about our share range, holders, and performance.
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Transparency and Policies
Our company has a set of documents and policies that guide our work according to our purpose and the legal and international standards. Learn more about our policies.
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Integrity in Action: Building Trust and Sustainable Value
In 2025, PTVI navigated significant operational challenges, including an oil pipeline leakage, alongside market volatility and evolving regulatory expectations. These dynamics necessitated a strategic reassessment of operations, risk management, and prioritization.
The company's response was guided by the theme “Integrity in Action: Building Trust and Sustainable Value.” This approach focused on translating integrity into concrete organizational actions, addressing complacency, and enhancing agility, accountability, and continuous improvement across all levels.
Key developments during the year included:
- Leadership and Governance Enhancements: Appointment of a new CEO, changes in the Board of Commissioners, and organizational restructuring aimed at strengthening decision-making, oversight, and alignment between strategy, operations, and sustainability.
- Intensified Stakeholder Engagement: Greater emphasis was placed on transparent communication and active engagement with affected communities, regulators, and other stakeholders, particularly in response to operational issues like the pipeline leakage. This ensured timely information sharing, addressed concerns, and supported recovery efforts, reinforcing a commitment to building trust through openness and accountability.
The lessons learned and improvements implemented throughout 2025 have fortified PTVI's foundation for resilience. Integrity continues to be the guiding principle for response, governance, and stakeholder engagement, underscoring its essential role in building trust and sustaining long-term value.
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Dear esteemed stakeholders,
The global energy transition continues to reshape the economic landscape, with Indonesia playing a central role as the world’s largest nickel reserve holder and advancing its downstreaming policy to support low-carbon development. However, rapid expansion has also led to oversupply and price pressure, highlighting the need to balance growth with responsibility.
Amid these dynamics, PTVI maintained operational resilience while aligning decisions with sustainability principles. A major challenge occurred on 23 August 2025, when an oil pipeline leak in Lioka, Towuti, impacted surrounding waterways and farmland. PTVI responded with urgency, transparency, and accountability, including containment efforts, stakeholder engagement, and collaboration with independent experts. Environmental rehabilitation and community compensation remain ongoing.
Operationally, PTVI delivered solid performance, with nickel matte production reaching 72,027 metric tonnes and total operating revenue rising 4.19% to US$990,195 thousand, supported by contributions from IGP Morowali and IGP Pomalaa. Profit increased 31.68% to US$76,063 thousand.
PTVI also advanced strategic projects, strengthened governance and ESG performance, improved environmental metrics, and reinforced its commitment to safety, community development, and long-term sustainable value creation.
We believe sustainability is not a commitment expressed once a year, but a responsibility we renew through our actions every day.
Thank you for walking this journey with us.
Bernardus Irmanto
CEO & President Director PT Vale Indonesia Tbk
Fotógrafo: xxxx
Sustainability in Our Operations
To reinforce commitment to responsible mining at the highest level, we have embedded it into a formal Sustainability Policy, last amended in 2024 and embedded in our strategic planning, decision-making processes, and operational oversight.
We ensure that sustainability is not only a guiding principle, but a strategic lever that shapes decisions, drives transformation, and anchors the long-term direction of our operations that aligned with responsible business practices and effective risk management.
2025 Materiality Review and Prioritisation
Our sustainability approach is guided by the Global Reporting Initiative (GRI), particularly GRI 3: Material Topics 2021. In accordance with this standard, material topics are determined based on the significance of our impacts on the economy, environment, and people, including human rights, as well as the level of stakeholder interest and concern. We also assess the potential implications of sustainability-related topics on our operations and financial performance.
This process resulted in the identification of 18 sustainability topics, representing the most relevant ESG issues across our operations and value chain and were consolidated and prioritised into six material topics across environmental, social, and governance dimensions. These topics serve as the basis for further prioritization and continue to inform our strategy, risk management, and disclosures.
After three consecutive years of achieving Green PROPER, in 2024 we successfully obtained Gold PROPER from the Ministry of Environment and Forestry—the highest recognition of our environmental performance and social contribution. This award is clear evidence that consistent sustainable efforts can produce meaningful impacts.
PROPER is an annual environmental performance assessment by the Ministry of Environment and Forestry. The Gold rating is the highest award for companies that go beyond compliance and implement sustainable practices, including social aspects. PT Vale is the only integrated nickel mining and processing company to achieve a Gold rating this year.
Emissions and Energy Management
Through the implementation of the REALITAS program in 2024, PT Vale Indonesia achieved energy savings of 142,529 GJ and increased the use of renewable energy by 2%, contributing to a reduction in carbon emissions.
The Logic Cascade program, a smart control system that automatically adjusts coal input in the Reduction Kiln to keep carbon levels stable in the product, lower energy use, and reduce emissions and environmental footprint resulted in 346,413 GJ of energy savings and a 33,285-ton CO₂eq reduction in GHG emissions.
Meanwhile, our non-GHG Emissions Reduction Initiative improves the filtration system to optimize particulate emission control and enhance operational efficiency. The improvement successfully reduced particulate (non-GHG) emissions by 42 tons on Electric Furnace 2 and 22 tons on Electric Furnace 1.
Water and Effluent Management
Water replacement with air as the cooling method in Furnace 4 (SUPER FURNACE 4). This change helps reduce water usage while keeping production running efficiently. The program was successfully reduced by 22,536 m3 in 2024.
Through Water Level Sensor in the Matte Pond (SEL POLISI in MP) innovation, we reduced water consumption by 133,540 m3 in 2024.
To adjust the amount of coagulant used in treating mine runoff water, PT Vale runs the Intelligent Coagulant for Mine Water Treatment (INCO MATTE). The system contributed to the reduction of pollutants by 87 tons of TSS (Total Suspended Solids) and 0.11 tons of Cr6+ (Hexavalent Chromium) in 2024.
Waste Management (hazardous and non-hazardous)
Operation areas re-uses oil from workshops and maintenance of heavy and light vehicles as an alternative fuel for the Dryer and Reduction Kiln. This helps save energy and reduces hazardous waste by 1,107 tons in 2024.
We also applied innovation to optimize engine oil replacement using centrifugal filter technology, thereby extending the oil's lifespan and reducing hazardous waste by 4 tons in 2024.
PT Vale introduced TRAMPIL WOLIKO, a non-hazardous waste management innovation that transforms organic waste into maggot-based livestock feed using the tiered biopond method, enhancing efficiency. The program processed 5.6 tons of organic waste into animal feed through the tiered biopond innovation.
The company also implemented Track Shoe Regrouser program successfully reused 60 tons of scrap metal by extending the lifespan of bulldozer track shoe.
PTVI’s Approach to Environment
PTVI is committed to respecting and protecting the environment in which we operate. Our Environmental Management System (EMS) at the Sorowako operation is independently verified and certified to ISI 14001:2015 (Cert. No. ID005666) and is subject to periodic surveillance audits. Its implementation is also supported through national environmental compliance monitoring under the Environmental Management Plan (Rencana Pengelolaan Lingkungan Hidup or RKL) and Environmental Monitoring Plan (Rencana Pemantauan Lingkungan Hidup or RPL). This system reflects our commitment to environmental protection and responsible resource management as articulated in our Sustainability Policy.
PT Vale allocated US$43.79 million for environmental management initiatives. Renewable energy contributed approximately 30.9% of total energy use at Sorowako through hydroelectric power and biodiesel utilization. The company maintained its target to reduce Scope 1 and 2 emissions by 33% by 2030 from the 2017 baseline.
Key environmental achievements:
* 5.5% reduction in SO₂ emissions
* 26.4% reduction in particulate emissions
* Reclamation of 156.67 hectares in Sorowako
* Rehabilitation of 17,877 hectares of watershed areas
* Conservation of more than 72,000 local and protected trees.
After three consecutive years of achieving Green PROPER, in 2024 we successfully obtained Gold PROPER from the Ministry of Environment and Forestry—the highest recognition of our environmental performance and social contribution. This award is clear evidence that consistent sustainable efforts can produce meaningful impacts.
PROPER is an annual environmental performance assessment by the Ministry of Environment and Forestry. The Gold rating is the highest award for companies that go beyond compliance and implement sustainable practices, including social aspects. PT Vale is the only integrated nickel mining and processing company to achieve a Gold rating this year.
Emissions and Energy Management
Through the implementation of the REALITAS program in 2024, PT Vale Indonesia achieved energy savings of 142,529 GJ and increased the use of renewable energy by 2%, contributing to a reduction in carbon emissions.
The Logic Cascade program, a smart control system that automatically adjusts coal input in the Reduction Kiln to keep carbon levels stable in the product, lower energy use, and reduce emissions and environmental footprint resulted in 346,413 GJ of energy savings and a 33,285-ton CO₂eq reduction in GHG emissions.
Meanwhile, our non-GHG Emissions Reduction Initiative improves the filtration system to optimize particulate emission control and enhance operational efficiency. The improvement successfully reduced particulate (non-GHG) emissions by 42 tons on Electric Furnace 2 and 22 tons on Electric Furnace 1.
Water and Effluent Management
Water replacement with air as the cooling method in Furnace 4 (SUPER FURNACE 4). This change helps reduce water usage while keeping production running efficiently. The program was successfully reduced by 22,536 m3 in 2024.
Through Water Level Sensor in the Matte Pond (SEL POLISI in MP) innovation, we reduced water consumption by 133,540 m3 in 2024.
To adjust the amount of coagulant used in treating mine runoff water, PT Vale runs the Intelligent Coagulant for Mine Water Treatment (INCO MATTE). The system contributed to the reduction of pollutants by 87 tons of TSS (Total Suspended Solids) and 0.11 tons of Cr6+ (Hexavalent Chromium) in 2024.
Waste Management (hazardous and non-hazardous)
Operation areas re-uses oil from workshops and maintenance of heavy and light vehicles as an alternative fuel for the Dryer and Reduction Kiln. This helps save energy and reduces hazardous waste by 1,107 tons in 2024.
We also applied innovation to optimize engine oil replacement using centrifugal filter technology, thereby extending the oil's lifespan and reducing hazardous waste by 4 tons in 2024.
PT Vale introduced TRAMPIL WOLIKO, a non-hazardous waste management innovation that transforms organic waste into maggot-based livestock feed using the tiered biopond method, enhancing efficiency. The program processed 5.6 tons of organic waste into animal feed through the tiered biopond innovation.
The company also implemented Track Shoe Regrouser program successfully reused 60 tons of scrap metal by extending the lifespan of bulldozer track shoe.
Our Approach to Responsible Community Engagement
Community engagement is carried out through open and participatory processes starting from the planning stage, supported by social and environmental studies to identify potential impacts and the application of the mitigation hierarchy where necessary. Our approaches covering human rights and communities, community engagement and relations, local economic impacts, access to clean water, and resettlement. These issues are managed in an integrated manner to prevent and mitigate potential negative impacts while promoting positive and sustainable social outcomes.
PTVI also provides a structured and accessible grievance mechanism. Grievances related to human rights issues are addressed through our Human Rights Due Diligence (HRDD) process, including assessment, follow-up actions, and corrective measures. Follow-up to previous grievances has been implemented through the strengthening of policies, improvements to the grievance mechanism, and the implementation of human rights action plans.
Community Development and Empowerment Program (PPM)
With an increasingly solid internal foundation, we continue to strengthen social involvement as part of our corporate responsibility. During 2024, we allocated US$4,000,198 for the Community Development and Empowerment Program (PPM) implemented in the Sorowako, Bahodopi, and Pomalaa areas, focusing on education, health, and infrastructure designed to address the real needs of the community. For this commitment, PT Vale received the Subroto Award for the community empowerment category—a form of recognition that further motivates us to continue to provide the best contribution to the communities around our operational areas.
In 2024, more than 300 families and 15 public facilities in Nuha District receive electricity subsidies. While 113 micro, small, and medium enterprises (MSMEs) participated in the capacity and competitiveness improvement program and 115 members of women farmers’ groups from 10 groups participate in organic farming training. Our health program reached 9 health centers around PT Vale operations and 41 students conducted research or internships in the operational area in Bahodopi, Central Sulawesi.
In Kolaka, Southeast Sulawesi, 56 farmers have joined our program under the Healthy and Environmentally-Friendly Sustainable Agriculture Program (PSRLB), with a total planting area of nearly 12 hectares, and they have completed 12 harvests. While in Tabarano, Wasuponda, East Luwu, we are working with local farmers to convert previously unused, disaster-prone land into a productive and sustainable agricultural area. On this 1.5-hectare plot, 15,000 pineapple seedlings have been planted.
As part of the post-divestment transformation, we are implementing a carve-out process to improve operational efficiency, accelerate decision-making, and strengthen cross-unit synergies, while still upholding the principle of prudence.
Governance Policy
Transparent and accountable governance is the main foundation in every operational line of PT Vale. We are committed not only to implementing strong sustainability principles but also ensuring that the entire value chain, including employees, partners, and external parties, operates according to high standards in ethics, integrity, and transparency.We apply the Code of Conduct (CoC) as the main guideline in realizing sustainable governance. This Code of Conduct includes the following principles:
Anti-Corruption and Anti-Fraud
Throughout 2024, we also carried out anti-corruption policy awareness through internal media such as email blasts and banners, and organized various anti-corruption outreach and training activities. A total of 247 employees participated in Anti-Bribery and Anti-Corruption Training, with priority given to units that interact directly with external parties such as the government, partners, and others. The training materials included anti-corruption policies, case studies, reporting mechanisms, and awareness building on corruption risks in business processes.Our commitment to transparency and accountability is realized through the Vale Whistleblower Channel (VWC), an independent reporting channel that allows suppliers, customers, and third parties to report suspected violation anonymously, safely, and without fear of retaliation.
In 2024, VWC received 23 reports of alleged violations, with 17 reports (74%) found to be valid and investigated while maintaining confidentiality and objectivity. The types of violations reported include fraud, conflicts of interest, interpersonal relations, relationships with third parties, health and safety at work, and environmental issues.
Cyber Security and Data Privacy
PT Vale is fully committed to protecting the privacy and personal data of all individuals processed by the company, including employees, customers, service providers, and other stakeholders. To this end, we implement the Personal Data and Privacy Protection Policy, ensuring that the collection, processing, storage, and deletion of data are carried out in accordance with applicable laws.Throughout 2024, Vale did not receive any reports related to the damage,modification, or leakage of digital data and information from customers, employees, or other stakeholders.
Certification
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ISO 14001:2015 - Environmental Management Systems Certificate No. ID004085 by Bureau Veritas.
Scope: Mining, processing plant of nickel, including its support and services.
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ISO 17025 - Laboratory Test and Calibration Standards Certificate No. LP-1729-DN by Komite Akreditasi Nasional.
Scope: Competence of Testing Laboratories and Calibration Laboratories.
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ISO 50001 - Energy Management System
Certificate No.25.7130/EN/U
Validity period: May 13, 2024 - November 24, 2026
Scope: Nickel matte mining and processing operations
Aside from Greenold PROPER, we received external awards and appreciations troughout 2024, including:
a. Gold - Low Carbon Innovation category
b. Gold - Green Energy category
c. Silver - Ecological Hazard category
d. Silver - Ecosystem Protection category
e. Bronze - Smart Hydro innovation category
f. Bronze - Community Development Innovation category
a. Silver for SDGs 2.2 (Social Pillar): Stunting prevention and control program
b. Gold for SDGs 8.3 (Economic Pillar): Business and employment opportunity development through Sakti Woliko
c. Silver for SDGs 9 (Economic Pillar): Application of appropriate technology for pest control
d. Silver for SDGs 14 (Environmental Pillar): Marine ecosystem restoration and conservation
e. Gold for SDGs 15 (Environemnatl Pillar): Development of conservation-based egro-tourism
a. Aditama for Mineral Resources and Coal Conservation Management
b. Utama Award for Environmental Managmenet in Mineral and Coal Mining
c. Utama Award for Technical Management in Mineral and Coal Mining
a. EMERALD Category: Business Integrity / Anti-Corruption
b. EMERALD Category: Business and Human Rights
c. RUBY Category: Environmental
d. SAPPHIRE category: Overall index
a. Best Presentation
b. Platinum - SSG Mo Mylona PPM Converter Team
c. Platinum - SSG Opudi PPM Kiln-CTS Team
The 2024 PROPER results were announced by the Ministry of Environment and Forestry (KLHK) in 2025 as part of the assessment of PTVI's environmental and social performance in 2024
a. Silver: Best Practice in Community Development
b. Silver: Innovative Human Capital Management
In recognition of the Indonesia Growth Project (IGP) Morowali for responsible and sustainable business practices
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