09
Oct
03:39
Indonesia appoints Inalum to buy Vale nickel stake
The Indonesian government has appointed state-owned PT Inalum to buy into PT Vale Indonesia, according to the head of Indonesia's Administration of Coal and Mines, Bambang Gatot Ariyono, Kallanish notes.
Vale Indonesia plans to sell 20% of its stock in October to investors to meet the Indonesian rule which limits the foreign ownership of mining companies. Miners controlled by foreign capital are required to reduce foreign-owned shareholdi…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous