Vale (INCO) One Step Closer to Extending Mining Contract

Amid MIND ID’s push to reduce Vale’s mining concession, Vale successfully gained approval for the Regional Development Plan (RPSW) from Minister of EMR Arifin Tasrif on April 10 2023.

Ibeth Nurbaiti

14 Sep 2023 - 19.46
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Vale (INCO) One Step Closer to Extending Mining Contract

Illustration - Vale's nickel smelting company in Brazil./Bisnis/Courtesy of Bloomberg-Dado Galdieri.

Bisnis, JAKARTA — PT Vale Indonesia Tbk. (INCO) remains focused on developing mining concession blocks as stipulated in the 2014 contract of work (KK) amendment, which has paved the way for the Brazilian nickel mining company to continue its mining activities in the country.

Slowly but surely, Vale has passed through several stages required to obtain an extension of the mining permit, which will transition from a contract of work (KK) to a special mining license (IUPK).

Amid MIND ID’s push for a mining concession, Vale successfully gained approval for the Regional Development Plan (RPSW) from Minister of EMR Arifin Tasrif on April 10 2023.

This aligns with Vale’s efforts, which are intensively investing in three projects committed to in the 2014 work contract amendment. These projects are Sorowako in East Luwu Regency, South Sulawesi; Pomalaa in Kolaka Regency, Southeast Sulawesi; and Bahodopi in Morowali Regency, Central Sulawesi.

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