Vale divestment in Indonesian nickel unit expected to conclude in July, minister says

Sumitomo Metal Mining

03/04/2024 09:36

JAKARTA, April 3 (Reuters) - Indonesia's mining minister
Arifin Tasrif on Tuesday said divestment of Vale Canada Ltd
 VACA.UL  and Sumitomo Metal Mining  5713.T  Co. Ltd's shares in
their nickel miner unit Vale Indonesia  INCO.JK  is expected to
conclude in July.
    The transaction is required by the government to extend Vale
Indonesia's operating permit beyond 2025.

 (Reporting by Fransiska Nangoy; Editing by Martin Petty)
 ((fransiska.nangoy@tr.com;))