Vale Indonesia targets 2024 output of about 70,800 metric tons nickel in matte
Meanwhile, it is still awaiting a new special mining permit for its operations beyond 2025.
Meanwhile, it is still awaiting a new special mining permit for its operations beyond 2025.
Production at Valentine is planned to start in the first quarter of 2025.
The deal would give Vale 100% ownership of the energy company, which has assets including seven hydroelectric plants and three wind units.
Under the agreement, initial production from Crean Hill would be shipped to Vale's Clarabelle mill in Sudbury for processing.
Vale said it will negotiate an award for up to $282.9 million for the project.
"We are very strong on nickel fundamentals," chief sustainability and corporate affairs officer Emily Olson told the CERAWeek energy conference.
The legal action in the Netherlands is being pursued by 77,000 claimants represented by law firms Pogust Goodhead and Lemstra Van der Korst.
PT Vale Indonesia is exploring a potential investment in a high-pressure acid leaching plant in Sulawesi island.
Last week, Vale extended the term of its CEO Eduardo Bartolomeo until the end of the year.
Eduardo Bartolomeo will retain his job through December.