Vale to divest 20% of Indonesian unit within five years -CEO

Jakarta – Nickel miner Vale Indonesia will divest a further 20% stake of the company to Indonesian parties within five years, the firm’s chief executive said on Friday, after signing an amended mining contract with the government of Indonesia.

Vale has already divested a 20% stake via its public listing on the Indonesian Stock Exchange.

Read more at: http://www.miningweekly.com/article/vale-to-divest-20-of-indonesian-unit-within-five-years–ceo-2014-10-17

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