PT Vale Indonesia Tbk (INCO) is reinforcing its growth strategy\nthrough the development of mining operations and processing facilities\nacross several regions, as part of efforts to drive mineral\ndownstreaming while enhancing the competitiveness of the national nickel\nindustry.<\/p>\n
Head of Strategy and Business Development at PT Vale Indonesia Tbk,\nMateus Sigit Harisulistya, said the company is currently moving towards\nthree operating regions through the development of the Integrated Growth\nProject (IGP) Bahodopi in Morowali, Central Sulawesi; IGP Pomalaa in\nKolaka, Southeast Sulawesi; and IGP Sorowako in South Sulawesi.<\/p>\n
\u201cSo from the single operation we are currently running, we are now\nmoving towards three operations. We can say that we are heading towards\na multi-regional growth platform, because in time we will have three\noperations running,\u201d Mateus said in Jakarta on Monday.<\/p>\n
He also said the development of the three projects is directed at\nstrengthening nickel ore processing through High Pressure Acid Leach\n(HPAL) technology.<\/p>\n
According to him, this forms part of the company\u2019s strategy to build\na more integrated nickel value chain, from mining and processing through\nto intermediate products that can support downstream industries,\nincluding battery materials.<\/p>\n
Under this scheme, PT Vale continues to carry out the mining\ninvestment itself, whilst the processing facilities are developed in\ncooperation with partners.<\/p>\n
For the Morowali project, the investment value reaches around US$1.9\nbillion, covering both mining investment and the HPAL facility; the\nPomalaa project has an investment value of around US$3.2 billion, whilst\nthe IGP in Sorowako carries an investment value of US$2.1 billion.<\/p>\n
In terms of project progress, Mateus said the Kolaka project is\ntargeted to be in full operation early next year, the Morowali project\nis targeted to reach full mechanical operation in the first quarter of\n2027, and the Sorowako project is expected to operate in 2028.<\/p>\n
Previously, PT Vale Indonesia Tbk (INCO) assessed that the nickel\nmining business outlook remains solid for the coming years, in line with\ndevelopments in current technologies such as artificial intelligence\n(AI) and electric vertical take-off and landing (eVTOL) aircraft.<\/p>\n
\u201cBut looking ahead, I see nickel as still very promising,\u201d said\nPresident Director and CEO of PT Vale, Bernardus Irmanto, during a\npublic online presentation in Jakarta on Thursday (10\/9).<\/p>\n
\u201cWe are not only looking at nickel use in electric vehicle batteries,\nbut also at future trends such as robotics, AI, data centres and eVTOL,\nfor instance, which will require enormous volumes of nickel,\u201d he\nadded.<\/p>\n
According to Bernardus, this opportunity remains promising despite a\nnumber of challenges, primarily from the global geopolitical situation,\nwhich will affect the prices of commodities supporting operations.<\/p>\n
\u201cWe still see the nickel outlook going forward as good and solid,\neven though in the short term there may be turbulence on the\nsupply-demand balance, as well as geopolitical conditions affecting the\nprices of commodities used in nickel production,\u201d he explained.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/vale-drives-downstreaming-through-multi-regional-growth-bca-sekuritas-1789494629", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }