Vale Indonesia awards Petrosea $1 billion contract for nickel ore mining

Reuters | January 15, 2025 | 5:19 pm Top Companies Asia Nickel 
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Vale’s mining and processing facility near Sorowako on the island of Sulawesi. (Image from Vale)

Indonesian miner Vale Indonesia said it had awarded Petrosea a $1 billion contract to mine for nickel ore in the Central Sulawesi region of Bahodopi, according to a company disclosure form.

The contract will be signed in March and is effective for 10 years, Vale said on Wednesday.

(By Stanley Widianto; Editing by Himani Sarkar)

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