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Kirsten Donovan - 3 Antara - 3 It's - 3 that's - 2 Ritsuko Shimizu - 2 Deshnee Naidoo - 2 Joko Widodo - 2 Widodo - 2
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Search resuls for: "Vale Indonesia"


19 mentions found


☆ Critical mineral mining is key to the green transition, but experts warn reputational risks remain
  + stars: | 2024-04-19 | by ( Dylan Butts | ) www.cnbc.com   time to read: +5 min
Sopa Images | Lightrocket | Getty ImagesMining of critical minerals plays a crucial role in the global green transition, but the broader industry's bad reputation and other challenges present investment barriers, industry experts warn. Critical minerals include metals such as copper, lithium, nickel, cobalt and rare earth elements, and are important components in emerging green technologies such as wind turbines and electric vehicles. Speaking on a panel at Singapore's annual Ecosperity Week, which ended Wednesday, mining industry experts and investors said the growing demand from green tech makes it necessary to increase government support and capital flows into the critical mining sector. Many of the same companies that mine critical minerals also mine environmentally damaging fossil fuels like coal. One area that has seen recent strides and investments has been in the recycling of critical minerals, which cuts down the need of extraction.
Persons: Adam Matthews, Dominic Barton, Barton, Scott Clements Organizations: PT Vale, Getty Images, Global Investor Commission, Mining, Royal Bank of Canada, Rio Tinto, LeapFrog Investments, International Renewable Energy Agency, EV, World Bank, Tribeca Capital Locations: PT Vale Indonesia, China, Paris, Rio, Indonesia's Sulawesi, Rio Tinto, Western Australia
☆ How electric trucks are becoming the norm for moving cargo
  + stars: | 2024-04-18 | by ( Jonathan Keane | ) www.cnbc.com   time to read: +6 min
Drayage trucks, which bring cargo from ports to warehouses nearby, must make the move to electric by 2035 in the U.S. state. Transitioning fleets to electricAcross the Atlantic, Dutch brewer Heineken recently partnered with Swedish electric truck start-up Einride to make the transition to electric. Getting more electric trucks to carry cargo on the road, especially for long-distance journeys, will need to be spearheaded by cargo owners that want their goods moved sustainably. Many of the new trucks will be deployed in markets where DFDS has not yet moved to electric trucks, including in the U.K. In California, Lime's use of electric trucks has been driven by legislation that states all drayage trucks must be zero-emissions by 2035.
Persons: Andrew Savage, we've, Savage, Arjen van der Woude, that's, van der Woude, Sweden's, Robert Falck, " Falck, Lime's Savage Organizations: PT Vale, Hight Logistics, CNBC, Heineken, DFDS, Volvo Locations: PT Vale Indonesia, China, California, U.S ., North America, Los Angeles, Long, Canada, Dutch, Swedish, Netherlands, Germany, Europe, Rotterdam
☆ Vale Canada, Sumitomo Metal sign initial agreement to sell 14% stake in Indonesia nickel miner
  + stars: | 2023-11-18 | by ( ) www.reuters.com   time to read: +3 min
REUTERS/Ritsuko Shimizu/File Photo Acquire Licensing RightsJAKARTA, Nov 18 (Reuters) - Vale Base Metals said its Vale Canada unit and Japan's Sumitomo Metal Mining signed an initial agreement on Friday to sell a 14% stake in their Indonesian nickel mining unit to Indonesia's state miner. Share divestment is a condition required by Indonesia to extend Vale Indonesia's mining permit, which will otherwise end in 2025. Upon completion, MIND ID will become the largest shareholder of Vale Indonesia with its stake rising to 34% from 20%. Vale Canada will hold 33.9%, down from 43.79%, and Sumitomo 11.5%, down from 15.03%, according to the statement. "The divestment will make MIND ID as the biggest shareholder of Vale (Indonesia), so MIND ID and Vale Canada can exercise a joint control over Vale (Indonesia)," he said in a statement on Friday.
Persons: Ritsuko Shimizu, Wirjoatmodjo, Deshnee Naidoo, Joko Widodo, Widodo, Fransiska Nangoy, Stefanno Sulaiman, Kirsten Donovan, William Mallard Organizations: Sumitomo Metal Mining, REUTERS, Rights, Base Metals, Vale Canada, Vale, Sumitomo, Mineral Industri, Vale Base Metals, Reuters, Thomson Locations: Tokyo, Japan, Rights JAKARTA, Vale Canada, Mineral Industri Indonesia, Indonesia, Vale Indonesia, Indonesian, Vale
☆ Vale Canada, Sumitomo Metal sign initial deal to sell 14% stake in Indonesian nickel miner
  + stars: | 2023-11-17 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Ritsuko Shimizu/File Photo Acquire Licensing RightsJAKARTA, Nov 17 (Reuters) - Mining company Vale Base Metals said its unit Vale Canada Ltd and Japan's Sumitomo Metal Mining Co. Ltd signed an initial agreement on Friday to sell a 14% stake in their Indonesian nickel mining unit to Indonesia's state miner. Share divestment is a condition required by Indonesia to extend Vale Indonesia's mining permit, which is currently due to end in 2025. Upon completion, MIND ID will become the largest shareholder of Vale Indonesia with 34% of shares, up from 20%. Around 20% of Vale Indonesia's shares are publicly traded. Vale Base Metals is committing around $10 billion of investment in Indonesia over the next decade.
Persons: Ritsuko Shimizu, Deshnee Naidoo, Fransiska Nangoy, Kirsten Donovan Organizations: Sumitomo Metal Mining, REUTERS, Rights, Base Metals, Vale Canada, Japan's Sumitomo Metal Mining Co . Ltd, Vale, Sumitomo, Mineral Industri, Vale Base Metals, Thomson Locations: Tokyo, Japan, Rights JAKARTA, Vale Canada, Mineral Industri Indonesia, Indonesia, Vale Indonesia, Indonesian
☆ Nickel mining has to be a low-carbon process, says CEO
  + stars: | 2023-11-03 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNickel mining has to be a low-carbon process, says CEOFebriany Eddy, CEO and president director of PT Vale Indonesia Tbk, discusses its decarbonization plans.
Persons: Febriany Eddy Organizations: PT Vale Indonesia Tbk
☆ Bears bet big that nickel can close the product gap
  + stars: | 2023-11-01 | by ( Andy Home | Thomson Reuters | Senior Metals Columnist Who Previously Covered Industrial Metals Markets For Metals Week | ) www.reuters.com   time to read: +6 min
Antara Foto/Jojon/via REUTERS Acquire Licensing RightsLONDON, Nov 1 (Reuters) - The bears are out in force on the London Metal Exchange (LME) nickel market. The global nickel market is entering a period of massive oversupply thanks to an Indonesian production boom. INSG assessed monthly nickel supply-demand balanceBIG SURPLUSThe big short is a bet on a big surplus. The global nickel market moved into supply-demand surplus in May last year and has been there ever since, according to the International Nickel Study Group. The exact timing of that tipping-point is still unknown, which means the big short is still a big bet that the supply chain can close the nickel product gap sooner rather than later.
Persons: Antara, aren't, it's, It's, Kirsten Donovan Organizations: PT Vale Indonesia, REUTERS Acquire, London Metal Exchange, Fund, Investment, Study, EV, Shanghai Futures, GAP Indonesia, Jingmen, New Energy Science, Reuters, Thomson Locations: Sorowako, South Sulawesi, Indonesia, Indonesian, London
☆ Facing Increasing Pressure From Customers, Some Miners Are Switching to Renewable Energy
  + stars: | 2023-10-01 | by ( Associated Press | Oct. | At P.M. | ) www.usnews.com   time to read: +8 min
Mining operations account for some 4%-7% of global greenhouse gas emissions, according to global consulting firm McKinsey & Company. But some miners are moving to reduce use of fossil fuels in extracting and refining, partly due to pressure from downstream customers that want more sustainable supply chains. Located beside a crystal-blue lake in the lush jungle of Sorowako, South Sulawesi, Vale Indonesia — a subsidiary of Vale international — runs its smelters entirely from hydroelectricity. Other companies and countries around the world also are reducing use of fossil fuels in their mining operations. But now, having that infrastructure means big savings at a time when global energy prices are high.
Persons: Michael Goodsite, “, Joko Widodo, Widodo, “ Ford, ” Christopher Smith, Febriany Eddy, Eddy, it’s, ” Eddy, Aimee Boulanger, there’s, they’ve, ” Goodsite Organizations: McKinsey & Company, Vale, Companies, University of Adelaide, Volvo, Mercedes, Hyundai, Apple, Ford Motor Co, Vale Indonesia, Associated Press, Initiative for, Mining Assurance, —, AP Locations: SOROWAKO, Indonesia, Indonesian, Sulawesi, Sorowako, South Sulawesi, Indonesia —, Chile, Raglan, Canada, Australia, ” Indonesia, Vale Indonesia, China, United States
☆ Column: Abaxx offers sulphate solution for broken nickel market
  + stars: | 2023-09-01 | by ( Andy Home | Thomson Reuters | Senior Metals Columnist Who Previously Covered Industrial Metals Markets For Metals Week | ) www.reuters.com   time to read: +7 min
Singapore's Abaxx Commodities Exchange thinks a new nickel sulphate contract could be the answer. The sulphate market has been forecast by research house Roskill to grow at an annual rate of 22% over the current decade as the green mobility revolution accelerates. China's imports of nickel sulphateTRADE BOOMChina's surging imports of nickel sulphate are a reflection of the product's stunning growth as battery cathode input. China's nickel imports by product 2020-2023PRICING PROBLEMSNone of this new Indonesia-China nickel trade has a natural exchange pricing home. LME nickel trading volumes have stabilised but are still running significantly below levels seen prior to the March 2022 trading halt.
Persons: Antara, It's, Roskill, Mike Harrison Organizations: PT Vale Indonesia, REUTERS Acquire, London Metal Exchange, Abaxx Commodities, Canadian, Technologies, Shanghai Futures Exchange, EV, Imports, China's, Class, Global Commodity Holdings, Reuters, Thomson Locations: Sorowako, South Sulawesi, Indonesia, China, Finland, South Africa, South Korea
☆ Indonesian nickel smelters turn to Philippines for ore as local supply tightens
  + stars: | 2023-08-30 | by ( Mai Nguyen Siyi Liu | Mai Nguyen | Siyi Liu | ) www.reuters.com   time to read: +4 min
Indonesia imported 53,864 metric tons of nickel ore in the first half of 2023, up from 22,503 tons for all of 2022, Indonesian trade data showed. But imports from the Philippines only started in May, and all arrived at Morowali port in a huge nickel processing park run partly by Chinese nickel giant Tsingshan Group, the Indonesian data showed. "But the ore is cheaper by comparison with domestic ore currently and so this will offset some of the rising costs," Mitchell said. The Philippines mined 360,000 tons of nickel in ore in 2022, or 11% of global supplies, according to INSG. Philippines 1.3% grade ore landed at China's Lianyun port surged 20.6% in the past month to $41 a ton, the highest since March, Mysteel data showed.
Persons: Antara, Aneka, Tsingshan, Wood Mackenzie, Andrew Mitchell, Mitchell, Mai Nguyen, Siyi Liu, Fransiska, Enrico dela Cruz, Dominique Patton, Kim Coghill Organizations: PT Vale Indonesia, REUTERS Acquire, Nickel, Tsingshan Group, Study, Imports, Thomson Locations: Sorowako, South Sulawesi, Indonesia, Philippines, Jakarta, Morowali, China, China's, Hanoi, Beijing, Manila
☆ The Metals Company announces a controversial timeline for deep sea mining that worsens the divide in an already bitter battle
  + stars: | 2023-08-04 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com   time to read: +12 min
It then went public in 2021 through a special purpose acquisition company, or SPAC, and is looking to establish deep sea mining as a business. "Voices against deep sea mining have never been so loud — from the fishing sector to financiers, indigenous peoples, scientists and big business." In addition, the findings of the study do not mean that Benchmark is endorsing deep sea mining, she added. Deep sea mining won't replace land-based mining, but rather will simply add another source of minerals, she said in March. Regardless, Singh says, there is a lot of work yet to be done by members of the council to establish regulations before any deep sea mining commences.
Persons: Gerard Barron, Carolyn Cole, it's, Amon, That's, Louisa Casson, Charlotte Selvey Miller, Miller, that's, Barron, Kannah, Pradeep Singh, It's, Singh, Allseas, — Organizations: The Metals Company, Los Angeles Times, Authority, ISA, Metals Company, Maersk, CNBC, Greenpeace, Company, Benchmark Mineral Intelligence, Benchmark, Democratic, PT Vale Indonesia, . Geological Survey, Metals, Mining, Darton Commodities, Afp, Getty, International Union for Conservation of Nature Locations: Clarion, San Diego, Norway, Mexico, United Kingdom, Texas, Canada, Indonesia, Russia, Democratic Republic of the Congo, Sorowako ., Amon, Kolwezi, Shabara, Congo, Pacific, Nauru, Tonga, Kiribati
☆ Ford signs battery material supply deals to charge up EV output
  + stars: | 2023-05-22 | by ( ) www.reuters.com   time to read: +2 min
May 22 (Reuters) - Ford Motor Co (F.N) on Monday unveiled three deals for the supply of lithium products, including lithium hydroxide, as the automaker ramps up electric vehicle (EV) production to 2 million units by the end of 2026. The deals come as North American automakers race to secure supplies of battery materials to boost EV output and catch up with market leader Tesla Inc (TSLA.O) amid surging demand for environment-friendly vehicles. The long-term deal with Canada's Nemaska Lithium is for the supply of up to 13,000 tons of lithium hydroxide every year, while the contract with EnergySource Minerals will help Ford receive lithium hydroxide from the Imperial Valley, California site, expected to be operational in 2025. Ford also disclosed a five-year agreement with Albemarle Corp (ALB.N) to supply more than 100,000 metric tons of battery-grade lithium hydroxide for about 3 million future Ford EV batteries. The lithium hydroxide produced by Nemaska should help qualify Ford vehicles for consumer tax benefits under the U.S. Inflation Reduction Act, the automaker said.
☆ US Senator Rubio seeks probe of Ford's Chinese partnership on nickel plant
  + stars: | 2023-05-03 | by ( David Shepardson | ) www.reuters.com   time to read: +2 min
Senator Marcio Rubio on Wednesday asked the Biden administration to investigate Ford Motor Co's (F.N) plan to partner with PT Vale Indonesia (INCO.JK) and China's Zhejiang Huayou Cobalt in a $4.5 billion nickel processing plant in Indonesia. Indonesia, which has the world's biggest nickel reserves, has been trying to develop downstream industries for the metal, ultimately aiming to produce batteries and electric vehicles. Vale and Huayou began construction of the plant in November and commercial operation is expected to start in 2026. He had already asked the Biden administration to review the deal to use technology from CATL. Rubio wants to block tax credits for electric vehicle batteries produced using Chinese technology, in a bid to prevent Chinese companies from benefiting.
☆ Volkswagen to partner on Indonesia EV battery ecosystem -minister
  + stars: | 2023-04-17 | by ( ) www.reuters.com   time to read: +3 min
JAKARTA, April 17 (Reuters) - Volkswagen will build an electric vehicle (EV) battery ecosystem in Indonesia and will partner with miner Vale, Ford and China's battery minerals producer Zhejiang Huayou Cobalt, the Southeast Asian country's investment minister said. Minister Bahlil Lahadalia said on Sunday that Volkswagen, Europe's biggest automaker, will work with Vale, Ford, Huayou, French miner Eramet and several Indonesian firms such as Merdeka Gold Copper, the parent company of Merdeka Battery, and energy firm Kalla Group. Volkswagen, Ford, Eramet, Kalla Group, Huayou, and Merdeka Gold Copper did not immediately respond to requests for comment. PT Vale Indonesia declined to comment. Last month, Ford (F.N) inked its first investment in Indonesia by joining Vale Indonesia and Huayou in a $4.5 billion nickel processing plant in Southeast Sulawesi.
☆ Volkswagen to partner with Vale, Ford, Huayou on Indonesia EV battery ecosystem -minister
  + stars: | 2023-04-17 | by ( ) www.reuters.com   time to read: +1 min
JAKARTA, April 17 (Reuters) - Volkswagen will build an electric vehicle (EV) battery ecosystem in Indonesia and will partner with miner Vale, Ford and China's battery minerals producer Zhejiang Huayou Cobalt, the Southeast Asian country's investment minister said. Minister Bahlil Lahadalia said in a video statement Volkswagen, Europe's biggest automaker, will work with Vale, Ford, Huayou, French miner Eramet and several Indonesian firms such as Merdeka Gold Copper, the parent company of Merdeka Battery, and energy firm Kalla Group. Volkswagen, Ford, Eramet, Merdeka Battery, Kalla Group, Merdeka Gold Copper did not immediately respond to requests for comment. PT Vale Indonesia declined to comment. Last month, Ford (F.N) inked its first investment in Indonesia by joining Vale Indonesia and Huayou in a $4.5 billion nickel processing plant in Pomalaa in Southeast Sulawesi, where Vale operates a nickel mine.
☆ Ford Invests in $4.5 Billion Indonesia Facility to Secure Nickel for EV Batteries
  + stars: | 2023-03-30 | by ( Jon Emont | ) www.wsj.com   time to read: 1 min
Ford Motor Co. is investing in a $4.5 billion nickel processing facility in Indonesia as the auto maker seeks to secure a supply of key minerals used in electric-vehicle batteries. The project also involves PT Vale Indonesia TBK, which controls a large nickel-mining area on Indonesia’s Sulawesi island, and China’s Zhejiang Huayou Cobalt Co., a leading refiner.
☆ Ford signs $4.5 bln deal with Vale Indonesia, Huayou for EV battery material plant
  + stars: | 2023-03-30 | by ( ) www.reuters.com   time to read: +1 min
SOROWAKO, Indonesia, March 30 (Reuters) - U.S. carmaker Ford Motor Co (F.N) signed a final investment agreement with PT Vale Indonesia (INCO.JK), and China's Zhejiang Huayou Cobalt on Thursday to build nickel processing plant, valued at around $4.5 billion. Indonesia, which has the biggest nickel reserve in the world, has been trying to develop downstream industries for the metal, with ambitions to eventually produce batteries and electric vehicles. Vale and Huayou commenced construction of the plant in November. Thursday's signing was a follow up to a non-binding memorandum of cooperation for the plant that the three companies had signed last year. Indonesia's government has from 2020 banned export of unprocessed nickel ore to ensure supply for existing and potential investors.
☆ Investments in Indonesia's nickel industry
  + stars: | 2023-02-06 | by ( ) www.reuters.com   time to read: +4 min
Here are some of the major investment deals involving nickel in Indonesia:Jan. 2020: Indonesia bans exports of unprocessed nickel to attract investment in downstream processing. Dec. 2020: Indonesia's investment ministry signs an MOU with LG Energy Solution (373220.KS) on integrated EV battery investment with total investment of $9.8 billion. 2021: Indonesia establishes the Indonesia Battery Corporation (IBC), a joint venture of state owned enterprises to cooperate with foreign investors in developing an EV battery supply chain. Jan. 2022: Indonesia's Investment Ministry signs an MoU with Foxconn (2317.TW), Gogoro Inc, IBC and Indika Energy (INDY.JK) for investment in electric vehicle and battery development. Sept 2022: Vale Indonesia signs an agreement with Zhejiang Huayou to build a second plant to produce nickel MHP with 60,000 tonnes capacity.
☆ Maybank says it likes these stocks in Indonesia's metals sector
  + stars: | 2023-01-17 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMaybank says it likes these stocks in Indonesia's metals sectorRichard Suherman of Maybank Sekuritas discusses why it likes Vale Indonesia and Merdeka Copper Gold.
☆ Ford, Hyundai discussing EV investments with Indonesia - Indonesian minister
  + stars: | 2022-10-24 | by ( ) www.reuters.com   time to read: +1 min
Ford logo is pictured at the 2019 Frankfurt Motor Show (IAA) in Frankfurt, Germany September 10, 2019. REUTERS/Wolfgang RattayDETROIT, Oct 24 (Reuters) - Indonesia is in discussions with Ford Motor Co(F.N) and Hyundai Motor Co(005380.KS) to establish operations related to electric vehicles in the Southeast Asian country, Indonesia Coordinating Minister for Economic Affairs, Airlangga Hartarto, told an audience in Washington, D.C. on Thursday. Ford, nickel miner Vale Indonesia and China's Zhejiang Huayou Cobalt said in July they had signed a non-binding memorandum of cooperation to build a plant in Indonesia to extract nickel chemicals. Hartarto said Indonesia also is in discussions with Hyundai and South Korean battery maker LG Energy Solution over battery and EV investments. "We have raw materials for EV battery technologies," Hartarto told an audience at the Center for Strategic and International Studies.
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