Vale divestment in Indonesian nickel unit expected to conclude in July, minister says-March 2024-www.financetom.com

Vale divestment in Indonesian nickel unit expected to conclude in July, minister says

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Vale divestment in Indonesian nickel unit expected to conclude in July, minister says

Apr 3, 2024 1:47 AM

JAKARTA, April 3 (Reuters) - Indonesia's mining minister

Arifin Tasrif on Tuesday said divestment of Vale Canada Ltd

and Sumitomo Metal Mining Co. Ltd's ( STMNF ) 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.

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