Vale Indonesia’s Multibillion-Dollar Investment Plan Constrained by Need for Environmental Permits – The Jakarta Globe

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Vale Indonesia operates the world’s largest integrated laterite nickel mining and processing operation in Sorowako, located around 600 kilometers north of Makassar City, the provincial capital. (GA Photo/M Defrizal)

Sorowako, South Sulawesi. Life hasn’t been that easy for Vale Indonesia, the local unit of Brazilian giant miner Vale, despite it having signed an amendment to its contract of work in October 2014.

Nico Kanter, president director at Vale Indonesia, and Febriany Eddy, chief financial officer and a director, told reporters at a gathering in Sorowako on Wednesday that updating some of its expansion projects would involve as much as $4 billion worth of investment in the next few years.

http://thejakartaglobe.beritasatu.com/business/vale-indonesias-multibillion-dollar-investment-plan-constrained-need-environmental-permits/

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