29
Jun
09:09
Inalum agrees to purchase 20% of PT Vale
According to an official document from Vale, 20% of its Indonesian subsidiary PT Vale has been sold to Indonesia's state-owned PT Inalum company. This is consistent with the plan previously announced by the Indonesian government, which had been planned to have been concluded in October last year, Kallanish notes.
Vale's Canadian subsidiary and Japan's Sumitomo Metal Mining Company hold 59% and 20% shares of PT Vale, and they wi…
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