PT Vale Indonesia Tbk (Vale Indonesia) peviously known as PT International Nickel Indonesia, Tbk (PTI), is a foreign investment company with a license from the Government of Indonesia to explore, mine, process and produce nickel. The company was established in July 1968.

We are currently operating in Sulawesi Island under a Contract of Work (CoW) agreement with the Indonesian Government. The company signed the initial CoW agreement with the government on July 27, 1968. On Jan. 15, 1996, we signed an agreement regarding the modification and extension of the original CoW, effective from April 1, 2008, to Dec. 28, 2025.

The initial area of our company's concession was 218,528 hectares:118,387 hectares in Sorowako, South Sulawesi; 63,506 hectares in Pomalaa, Southeast Sulawesi; and 36,635 hectares in Bahodopi, Central Sulawesi.

Moreover, the government approved the relinquishment of a total land area of approximately 28,000 hectares or 12.8 percent of the total CoW area in 2010. After the relinquishment, our CoW area is now about 190,000 hectares in total.

Mining and processing of nickel ore to intermediate nickel in matte, contains on average 78 percent nickel and 20 percent sulfur, have been our business operations. Vale Indonesia's entire production is shipped to Japan under a long-term contract.

Vale Canada (formerly Vale Inco Limited), a subsidiary of Vale's base metals business and the world's second-largest nickel producer, is Vale Indonesia's majority shareholder (58.73 percent). The remaining stakes are owned by Sumitomo Metal Mining Co. Ltd. (20.09 percent), public and other shareholders (21.18 percent).

We at Vale Indonesia are currently well on our way to becoming the largest nickel producer in the world, by creating a long-term value all through excellence and passion toward people and the Earth.

Vision

To be the No 1 global natural resources company in creating long term value, through excellence and passion for people and the planet

Mission

To transform natural resources into prosperity and sustainable development

Values

Life matters most
Value our people
Prize our planet
Do what is right
Improve together
Make it happen