The Indonesian government, through MIND ID, has acquired a 14% stake in PT Vale Indonesia, becoming the majority shareholder with a total of 34%, marking a significant move in the country’s mining sector.

Information on the Target

The Indonesian government has successfully acquired a 14% stake in PT Vale Indonesia Tbk (INCO), positioning the state-owned holding company MIND ID as the majority shareholder with a total of 34% ownership. This acquisition marks a significant historical milestone, as it demonstrates the government's strategic initiative to enhance its presence in the mining sector of Indonesia, particularly for a company that has operated within the country for 50 years.

Vale Indonesia engages in the production of nickel, a critical mineral for various applications, including battery manufacturing and sustainable energy solutions. With this acquisition, MIND ID strengthens its footing in the commodity market, which is vital for the nation’s economic growth.

Industry Overview in Indonesia

Indonesia possesses a robust mining industry characterized by abundant natural resources, including minerals like nickel, copper, and gold. The sector has been a backbone of the national economy, generating significant revenue through exports and attracting for