April 29, 2025 | 07:36 pm
TEMPO.CO, Jakarta - PT Vale Indonesia Tbk (IDX: INCO) is undertaking three major nickel downstream projects, backed by a total investment of Rp146.52 trillion (approximately US$8.5 billion). According to MIND ID President Director Maroef Sjamsoeddin, the initiatives are part of the company’s ongoing commitment to support Indonesia’s industrial downstreaming strategy.
Maroef noted that Vale Indonesia’s role in the projects is aimed at expanding production capacity and diversifying nickel product output. “As the majority shareholder of PT Vale Indonesia, MIND ID is driving efforts to ramp up the production of downstream nickel products,” he said in a written statement on Tuesday, April 29.
Together, the three projects—classified as national strategic initiatives—are expected to increase Vale Indonesia’s output by 240,000 metric tons of nickel per year in the form of mixed hydroxide precipitate (MHP). MIND ID will oversee the development process.
The investments cover the Indonesia Growth Project (IGP) in Pomalaa, IGP in Morowali, and the High-Pressure Acid Leach (HPAL) project in Sorowako. “Our target is to complete these projects between 2026 and 2027,” Maroef said.
With production capacity set to rise, Maroef expressed confidence that MIND ID and Vale Indonesia can help amplify the multiplier effect on the national economy. The projects are also expected to create jobs and increase government revenue.
“We want to ensure MIND ID’s presence in Vale Indonesia generates greater added value for the company and accelerates the pace of nickel downstreaming,” he said.
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