Refile: Vale Indonesia signs $750 million loan deal with global lenders

United Overseas Bank

23/04/2026 12:36

Fixes spelling in second bullet to Bahodopi

JAKARTA, April 23 (Reuters) - Nickel miner PT Vale Indonesia INCO.JK on Thursday signed a loan deal of $750 million with a number of global lenders to help finance its expansion.

Here are some details:

Vale signed the loan agreement with a number of banks including Singapore's United Overseas Bank (UOB), DBS Bank and Japan's Mizuho Bank, among others, said Bernardus Irmanto, Vale Indonesia CEO.

The loan is “very critical” to help finance development of Vale's projects in Bahodopi, Pomalaa and Sorowako, Irmanto said.

The financing is structured as sustainability-linked credit, among the first for a mining company in Asia, said UOB Indonesia Chief Executive Hendra Gunawan. The deal also includes a $250 million green-shoe option, he added.

 (Reporting by Fransiska Nangoy
Editing by Keith Weir)

 ((fransiska.nangoy@tr.com))