”We exist to improve life

and transform the future.

Together.”

For more information, please visit our

website at
www.vale.com/indonesia

PT Vale Indonesia Tbk

@ptvaleindonesia PT Vale Indonesia

@ptvaleindonesia PT Vale Indonesia Tbk

Briefing Book
01 02
Date of establishment:
July 25, 1968
Company activities:
Mining of nickel ore and production of
nickel matte
Listing date on the Indonesia Stock
Exchange (IDX):
May 16, 1990
Ticker symbol:
INCO
Operational area:
▪ Sorowako Block, East Luwu Regency,
South Sulawesi
▪ IGP Morowali, Sambalagi &
Bahomotefe Villages, Morowali
Regency, Central Sulawesi
▪ IGP Pomalaa, Kolaka Regency,
Southeast Sulawesi
Headquarter:
Sequis Tower, 20th Floor, Unit 6 & 7
Jl. Jend. Sudirman Kav. 71
Jakarta 12190, Indonesia
Phone : +62-21 524 9000
Faximile : +62-21 524 9020

PT Vale Indonesia Tbk (PT Vale)

operates under the Contract of Work,
amended on 17 October 2014 and is
valid until 28 December 2025 with a
concession area of 118,017 Ha.
The nickel in matte production process
in the Sorowako Block uses
pyrometallurgy technology (melting
lateritic nickel ore).

© 2023 PT Vale Indonesia Tbk.

03 04
Concession Area

118,017 Ha Shareholders
Composition
Central
Sulawesi

22,699 Ha

70,566 Ha
24,752 Ha
◼ 43.79% Vale Canada Limited
Southeast ◼ 20.64% Publik
Sulawesi ◼ 20% PT Indonesia Asahan
Aluminium (Persero)/MIND ID
◼ 15.03% Sumitomo Metal Mining Co.,
South Ltd (SMM)
Sulawesi ◼ 0.54% Vale Japan Ltd
Data as of December 31, 2022.

© 2023 PT Vale Indonesia Tbk.

05 06

SUSTAINABILITY PROGRAMS
Profit (Loss)
“There is no future
(in million US$, as of December 31, 2022)

200,4
165,8 without mining, and
there can be no mining
82,8 without concern for
60,5
the future.”
57,4

2018 2019 2020 2021 2022

Concern for the future of future generations
underlies PT Vale’s commitment to support the
Production Volume achievement of the Sustainable Development
(in metric tons, as of December 31, 2022)
Goals (SDGs) targets through responsible and
74,806 sustainable mining practices, so that they can
71,025 72,237
65,388 have a positive impact on the environment and
60,090 society.

2018 2019 2020 2021 2022

Contribution to the State Treasury

(in thousand US$, as of December 31, 2021)

179,020

137,525 142,955

102,881
91,852

2018 2019 2020 2021 2022

© 2023 PT Vale Indonesia Tbk.

07 08
Clean Energy-Based Nickel In 2022 PT Vale has reduced its GHG
emissions by 330,688 tons of CO2eq to
Production 1,640,387 tons of CO2eq, or 17% lower than in
Since its inception, the company has started 2021 of 1,971,075 tons of CO2eq. Over a period
by building and operating the Larona of five years, from 2018 to 2022, PT Vale’s
hydropower plant (1979), the Balambano GHG emission reductions reached 373,563
hydropower plant (1999) and the Karebbe tons of CO2eq.
hydropower plant (2011) with a total installed
capacity of 365 megawatts to supply Application of the Principles
energy to the processing plant. With these
three hydropower plants, PT Vale can
of Soil and Water
reduce GHG emissions by more than 1 Conservation as an Effort to
Larona Hydropower Plant
million tons of CO2eq per year when Preserve Lake Matano
compared to coal-fired plants.
The first step taken by PT Vale in an effort to
In addition to supporting operational needs, conserve the environment in its mining
the electrical energy produced by the activities is to carry out planning that is
hydropower plant is also distributed in the integrated with mining.
amount of 10.7 megawatts to meet the
electricity needs of the people of East Luwu Restrictions on land clearing are applied
through the State Electricity Company (PLN). only in areas proven to be rich in nickel ore.
Progressive reclamation is then carried out
Emission Reduction on the land mined to minimize exposed
land.
Commitment In terms of controlling and managing
PT Vale canceled its Coal Conversion Project mining waste, PT Vale has built more than
(CCP), which enabled the company to reduce 100 units of sediment control facilities in
costs by around US$40 million annually. With stages. These facilities have a total capacity
this cancellation, the company avoids the Balambano Hydropower Plant
of >15 million m3. Monitoring, maintenance
increase in greenhouse gas emissions by an and dredging of settling facilities are also
average of 200,000 tons of CO2 per year. carried out regularly.
In 2019, PT Vale began to utilize electric boilers
Lamella Gravity Settler (LGS)’s innovative
whose energy is sourced from hydropower for
processing plant operations. With this technological wastewater management
innovation, the use of high-sulphur fuel oil facility was also built to reduce the TSS
(HSFO) is reduced by 67,047 barrels per year. pollution load.
PT Vale’s electric boiler is also the first to be
used in the processing industry in Southeast
Asia.
Since 2015, the company has also
implemented a program to use fatty acid
methyl ester (FAME) biofuels as biodiesel for
operational vehicles.
Karebbe Hydropower Plant

© 2023 PT Vale Indonesia Tbk.

09 10
High-tech Wastewater
Liquid Waste
Treatment
To control effluent from the mining
mining
areas
area
and and
processing plant,
plants,PT PTVale
Valehas
hasbuilt
builtmore
more
than 100 settling
ponds inponds
the Sorowako
in the Sorowako
Block, which
Lamangka Pond 3 is equipped with two wastewater treatment
Block.
facilities to reduce pollution of water bodies,
The settling pond is equipped with two liquid
namely Pakalangkai Wastewater Treatment,
waste treatment facilities to reduce
which has been operating since 2013, and
pollution of water bodies:
Lamella Gravity Settler (LGS), which has
been
1. operating since
Pakalangkai 2014.
Wastewater Treatment,
which has been operating
LGS technology is commonly used for since 2013,
drinking
2. water
Lamella treatment,
Gravity Settlerand PT Vale
(LGS), is the
operating
Rante Pond 1 firstsince
to use it in the mining industry in
2014.
Indonesia. Liquid waste treatment is also
LGS technology is usually used for drinking
accompanied by regular checking of lake
water treatment.
water quality with independent institutions.
The results of measurements of TSS and
Cr6+ levels in Lake Matano and Lake
Fiona South Pond Mahalona are always far below the quality
standards set PT by
Valetheis government.
the first mining
company that use LGS
technology.

Lamangka Pond 1

Liquid waste treatment is also

Lamangka Pond 2 accompanied by regular lake
water quality checks.
Fiona Pond

Water quality checks are carried

out with an independent team.

Measurements of TSS and Cr6+

levels in Lake Matano and Lake
Mahalona are always far below
the quality standards set by the
government.

© 2023 PT Vale Indonesia Tbk.

11 12
Lamella Gravity Settler
LGS is the first technology in Indonesia for mining which is the
result of research and collaboration with BPPT for 2 years. This
technology is commonly applied to water purification for
drinking water raw materials.

INLET

OUTLET

INLET
TSS: 1707 mg/L
Cr tot: 10 mg/L

OUTLET
TSS: 8 mg/L
Cr tot: 0.3 mg/L

An engineer at Lamella Gravity Settler (LGS) facility.

© 2023 PT Vale Indonesia Tbk.
13 14
Sawerigading Wallacea Collaboration with the
Biodiversity Park Ministry of Environment
The integrated facility is our commitment in developing
integrated mining, while preserving biodiversity. and Forestry for Nursery
Centers in two provinces.
In support of our two development projects, in
Morowali, Central Sulawesi and Pomalaa, Southeast

NURSERY CENTER
Sulawesi, we are also building Nursery Center
facilities.
In particular, we are collaborating with the Ministry of
Environment and Forestry (MoEF) to build the
facilities.
Not only supporting revegetation as a post-mining
activity, but nurseries are also our contribution in
reducing greenhouse gas emissions.

• 15 Ha managed area, 60 Ha development area.

• Integrated with Nursery Center facilities with a
capacity of 750 thousand seeds per year. Pomalaa Block
Nursery Center Plan
• Seedlings from these facilities are essential for
revegetation.

• It is home to 28 deers, 10 of which have been

released to nature.
• Endemic butterfly breeding facilities will be built.
• It has Wooden House and DOJO facilities for
environmental related activities.

• Has an Arboretum with a collection of 74 types of IGP Morowali

local and endemic trees. Nursery capacity
• Seeds from the Arboretum have been donated to 1 million seedlings per
various regions through a number of greening year
activities organized by the company.
• The name Sawerigading is taken from the name of IGP Pomalaa
the grandson of the god Batara Guru in local Nursery capacity
mythology. Meanwhile, Wallacea is a line that 10 million seedlings per
indicates biodiversity in Indonesia.
year

© 2023 PT Vale Indonesia Tbk.

15 16
Land Reclamation and Rehabilitation PT Vale completed
We integrate mining land clearing activities with reclamation
(land restoration) and rehabilitation (replanting). reforestation outside the
As of February 2023, we have planted 4.47 million trees in the
reclamation area.
concession area by 2.5 times
the mine area cleared.

+4 million
trees have been
planted in the
reclamation area.

We carry out rehabilitation of cross-border watersheds

+2 million (DAS) according to the obligations of the Ministry of
local tree seeds. Environment and Forestry.
• In 2021, we have planted 10,000 Ha in a watershed
+150 thousand area in 10 districts in South Sulawesi.
endemic tree seeds. • In January 2023, we have completed Phase I
Maintenance for tree seedlings in the area.
+75 thousand
ebony trees planted,
the largest ebony
conservation in
Indonesia.

On July 28, 2022, we gained the

trust from the Ministry of
As of February 2023, we have cleared 5,481 Ha of land and Environment and Forestry to
have reclaimed 3,527 Ha. In other words, the remaining rehabilitate 435 Ha of land in 3
open area is 1,953 Ha. districts (Sumedang, Tasikmalaya
and Pangandaran) in West Java.

© 2023 PT Vale Indonesia Tbk.

17 18
RDF: Domestic Waste Management Solutions
This plan aligns with PT Vale's commitment This means the equivalent of garbage
to achieving the Zero Waste to Landfill services for around 17,000 households.
target in 2025.
The entire waste management process is
The waste management facility based on expected to be able to sort and produce
sorting and processing waste into RDF with economic waste worth Rp1.2 billion per
bio-drying technology is planned to have a year, which the surrounding community
capacity of >50 tons per day, which will be can benefit from. This project also annually
able to serve waste management around has the potential to produce >5,000 tons of
PT Vale’s operational areas, which include alternative renewable fuels, which can be
Sorowako Village, Nikkel Village, utilized by the company.
Wasopunda Village and Wawondula
Village.

Domestic Waste Management

Facility Plan
PT Vale Indonesia Tbk is committed to
providing maximum benefits for the Refuse
protection of natural resources and Domestic Derived
the environment, as well as social Waste Fuel
contributions to the surrounding > 50 tons/ > 14 tons/
community. day day
One of these contributions is planning
a circular economy-based domestic
waste management project by Inert /
sorting waste with economic value Compostable
and using waste as an alternative > 6 tons/
fuel in the form of Refuse Derived Fuel day
(RDF).
This project will also benefit public
health and the potential for reducing
CO2 emissions from landfilling waste
using the sanitary landfill method.
Circular Economy
Potential
> 900 kg/day

© 2023 PT Vale Indonesia Tbk.

19 20
The Sorowako block is surrounded by the Malili Lake Matano
lake ecosystem, which consists of 3 La Galigo ▪ The deepest in Southeast LAKE MATANO,
lakes, namely Lake Matano, Lake Towuti and Lake Asia ( 590 meters). MAHALONA AND
TOWUTI NATURAL
Mahalona. ▪ Many potential spots for
TOURISM PARK (TWA)
tourism. LEGALITY
▪ It is used as a crossing path.
▪ Ide Beach is a favorite tourist Designation
Lake Matano Decree of the Minister of
location for the local Agriculture No. 274/Kpts/
community. Um/4/1979 dated April 24,
▪ The Matano Lake Festival 1979.
Petea River event is held every year.
Establishment
Decree of the Minister of
Lake Mahalona Tominanga River Forestry No. SK/6590/
Lake Towuti Menhut-VII/KUH/2014 dated
Lake Towuti
▪ The second largest after October 28, 2014.
Lake Toba. − Lake Matano TWA covers
▪ Loeha Island is the largest an area of 23,219.30 Ha.
Larona River − Mahalona Lake TWA
island in the TWA Region. covering an area of
▪ Loeha Island is a safe 2,289.30 Ha.
Loeha
Island habitat for various types of − Lake Towuti TWA covers
birds. an area of 62,133.52 Ha.
0
100
▪ Many potential spots for Block Arrangement
Lake Masapi tourism. Matano Lake TWA
150
Depth (m)

200 ▪ It is used as a crossing path. Decree of the Director

General of Forest Protection
300
▪ The water flows into the and Nature Conservation No.
400
500
Larona River, which is used 141/IV-SET/2015 dated May
600
for hydropower. 25, 2015.
10 km
− Protection Block (7,247
Ha)
PT Vale submitted a proposal for an application for a Water The Three Lakes − Utilization Block (14,813
Utilization Business Permit (IUPA) in the Lake Matano Natural ▪ Representative of the Ha)
Tourism Park Area to the Minister of Environment and Forestry − Rehabilitation Block
tectonic lake ecosystem. (1,490 Ha)
through letter No. 694/SPF-S/VIII/2017 dated August 2, 2017.
▪ Connected by the Petea and − Special Block (1,450 Ha)
The calculation of the potential value of Non-Tax State Revenue Tominanga Rivers. Lake Mahalona TWA
(PNBP) from PT Vale is as follows: ▪ The natural habitat of 27 Decree of the Director
mollusks and 13 freshwater General of Ecosystem
fish endemic to Sulawesi Natural Resources
(Whitten et al., 2002). Conservation No. SK.206/
Water Utilization Water Utilization KSDAE/SET/KSA.0/5/2017
Business Permit (IUPA) Business Fees ▪ The Tominanga River, in dated May 31, 2017
= Rp1.25 billion for 10 = 8% x Rp12,000 per particular, is the natural
years. Lake Towuti TWA
month x 2,581 million m3 habitat of the estuarine Document improvement.
= Rp2.47 billion per crocodile (Crocodilus
month. porosus).

© 2023 PT Vale Indonesia Tbk.

21 22
Lake Matano TWA It is an ancient tectonic lake,
formed at the end of the
Area: 23,219.30 hectares to Central Pliocene period 2-4 million years
Sulawesi ago.
Matano Nuha The hydrological system is
Village Village sourced from thousands of Buffer Villages:
springs to never experience 1. Matano Village
drought. 2. Nuha Village
3. Nikkel Village
Waters: 16,410 Ha 4. Sorowako Village
5. Magani Village

Land: 6,809 Ha

Biodiversity:
>90% of the species in
Limnologically, it has much Butterfly Beach
Lake Matano are
uniqueness, including a Ide Beach Sorowako Pier endemic (Germadan,
crypto-depressed lake bottom, 2014)
clear water, biodiversity,
geology and panoramas, and
unusual phenomena from a
biogeochemical standpoint.
CHRONOLOGY OF THE REGION
Tourism:
1979 2015 Butterfly Beach, Ide
Designation: Decree of the Block Arrangement: Decree of Beach, Lake Matano
Lake Matano Profile Minister of Agriculture No. 274/ the Director General of Forest
Kpts/Um/4/1979 dated April 24, Protection and Nature Festival
The deepest in 1979. Conservation No. 141/IV-SET/2015
dated May 25, 2015.
Southeast Asia and
the 10th in the world 2012 Site Design: Decree of the
( 590 m) RPJP: Decree of the Director Director of Utilization of
General of PHKA No. SK.194/IV- Conservation Forest
SET/2012 dated November 21, Environmental Services No.
2012. SK.154/PJLHK-2/2015 dated
LAKE MATANO November 9, 2015.
Water Resources:
The lake surface is at
an altitude of 385
meters above sea level. DEPTH 2014
585 METERS
Establishment: Decree of the Tourism, transportation,
Minister of Forestry No. SK.6590/ 2018 fishery, Regional Drinking
Menhut-VII/KUH/ 2014 dated Proposal to become a Biosphere Water Companies
The bottom of the lake is almost
200 meters below sea level. October 28, 2014 Reserve (PDAM) and Hydroelectric
Source: National Geographic Indonesia.
Power Plants (PLTA).

© 2023 PT Vale Indonesia Tbk.

23 24
Total
Dissolved
Solids
(mg/l)

Drinking
Water
Standard
500
Opudi Fish (Telmatherina
celebensis)
Bottled
Mineral
Water 320
Standard

Lake
Matano 138

Butini Fish (Glossogobius

matanensis)

Ottelia mesenterium

White mustache shrimp

For more than 50 years of operating in

Sorowako, PT Vale has consistently managed
well the condition of the Lake Matano Tembeuwa Freshwater
Mangrove
ecosystem, which is very close to the (Kjellbergiodendron Celebes beauty shrimp
habitat (endangered, IUCN)
operational location. celebicum)

© 2023 PT Vale Indonesia Tbk.

25 26
FISH CRAB (Crustacea)
17 kinds of 1. Telmatherina antoniae 1. Bungka gori
fish, 2. Telmatherina (Parathelphusa
4 of them are pantherine) - endemic
endemic fish abendanoni
species 3. Telmatherina obscura 2. Bungka ito (Syntripsa
4. Telmatherina bonti matanensis) - endemic
259 kinds of 3. Bungka wanta
5. Telmatherina prognatha
plankton 6. Telmatherina
(Nautilothelphusa
zimmeri)- endemic
Lake saranisorum
4. Red wasp shrimp
Matano 7. Telmatherina opundi
(Caridina loehae) -
Bio- 8. Telmatherina wahyui
9. Telmatherina sp
endemic
diversity 10. Butini fish (Glossogobius
5. White spot shrimp
7 species of (Caridina dennerli) -
10 species matanensis) - endemic endemic
of aquatic 11. Local catfish (Clarias 6. Brown shrimp (Caridina
Molluscs plants batrachus) holthuisi)
3 species of 12. Parrot fish (Anabas 7. Old shrimp (Caridina
crab testudineus) lanceolata)
(Crustacea) 13. Snakehead fish (Vhanna
& 4 species of striata)
shrimp PLANT
14. Dumbo catfish
(Oreochromis niloticus) - 1. Isotes sp – terrestrial
invasive plants
15. Lau han fish 2. Lotus (Limnanthemum
PLANKTON MOLLUSCS (Amphilophus sp) - pamiloforum) –
1. Melania insulaesacrae invasive amphibian plant
Famili:
2. Melania grammifer 16. Pomfret fish (Colossoma 3. Purun/puzzle grass (Poa
1. Chlorophyceae sp)
3. Melania palicolarum macropomum) - invasive
2. Baccilariophyceae 4. Ceratophyllum
3. Cyanophyceae 4. Melania Sanasinorus 17. Cattle fish (Hypostomus
plecostomus) - invasive demersum – submerged
4. Crysophyyceae 5. Brotia sp plants
5. Dinophyceae 6. Melania patriarchalis 5. Ottelia Masenterium –
7. Melania Zeamais submerged plants
8. Caridina dennerli 6. Charasp – submerged
9. Corbicula matannensis plants
10. Corbicula moltkeana 7. Eripcaulon sollyanum –
submerged plants
© 2023 PT Vale Indonesia Tbk.
27 28
Community Development
and Empowerment Program
PT Vale carries out social investment
through the Community Development &
Empowerment Program (PPM). For the 2018-
2022 period, PPM synergizes with
government regulations that stimulate
village development, especially around
mining companies’ operating areas. The
community development program
prioritizes 3 pillars of partnership,
Government, Community and Company.
In the empowerment area, PT Vale has
fostered farmers to practice
environmentally friendly, healthy agriculture
through organic rice cultivation since 2015.
Then in 2017, the company began to provide
guidance and assistance for micro, small
and medium enterprises (MSMEs). in the Organic SRI Rice in Ledu-Ledu Village Herbal Plants in Nickel Village
area of empowerment. In 2021, there were
around 43,205 people in the company
empowerment area who were the
beneficiaries of the PPM implementation.

PPM Fund
(in million US$, as of December 31, 2022)

5.3

4.1
3.4
3
2.6

Organic Chicken Farm in Matompi

2018 2019 2020 2021 2022 Village Organic Garden in Matompi Village

© 2023 PT Vale Indonesia Tbk.

 29 30
SUPPORT FOR COVID-19 RESPONSE
To date, PT Vale has been
and continues to take steps
Improving Corporate Governance
to prevent and handle Sustainably
COVID-19 in the company’s The implementation of good governance forms the
operational areas strictly basis for all of PT Vale’s operational and community
by referring to internal activities to create more valuable sustainability, as well
pandemic handling as increase the trust of all stakeholders.
standards as well as
prevention and control The implementation of Good Corporate Governance
guidelines from the (GCG) is improved by adopting changes to the
government. prevailing laws and regulations and best practices
PT Vale Contribution to through charters, norms, internal policies, standard
There have been no layoffs
COVID-19 Handling operating procedures and business processes.
for PT Vale employees, due
in 2020 and 2021 to the impact of COVID-19. We have zero tolerance for corruption and abuse of
South Sulawesi Throughout 2021, we have power for personal gain. PT Vale implements e-
US$ 755,387.11 vaccinated almost all procurement as an approach to minimize the risk of

GOVERNANCE
▪ East Luwu Regency employees and their corruption, and becomes part of contract
US$ 555,718.03 families. At the same time, management transparency, and contains anti-bribery
▪ North Luwu Regency we also support the local and anti-corruption clauses.
US$ 32,487 government’s steps in
Since January 1, 2016, PT Vale has opened an
▪ Toraja Regency controlling the COVID-19
independent reporting channel, the Vale Whistleblower
US$ 32,362 pandemic in the
Channel (VWC), which is a reporting service that is
▪ North Toraja Regency community.
managed independently and professionally by a
US$ 32,361 In 2020 PT Vale distributed violation reporting service provider in Indonesia. VWC is
▪ Palopo City to the government through directly connected to the Vale S.A. Code of Ethics and
US$ 32,487 GGTP COVID-19 pandemic Conduct Section. VWC is a channel for reporting
response support in the allegations of fraud, fraud, or violations of company
Southeast Sulawesi form of more than US$2.6 policies.
US$ 370,923.13 million worth of equipment,
▪ North Kolaka Regency as well as providing public
US$ 64,344 health education and also
▪ Kolaka Regency assisting our contractors Vale Whistleblower Channel (VWC)
US$ 236,651.13 with financial support to SMS/WhatsApp:
prevent layoffs. 0812-8040-0622
Central Sulawesi
US$ 413,490 Our contribution has Hotline:
▪ Morowali Regency continued in 2021 through 0-800-100-2233
US$ 234,958.42 assistance provided to Email:
hospitals, health services vwc@tipoffs.info
Total Donation and communities with a https://idn.deloitte-
US$ 2,761,168.82 total contribution of more halo.com/valewhistleblowerchannel/
than US$94 thousand.
Data as of December 31, 2021.

© 2023 PT Vale Indonesia Tbk.

31 32
1968 2012 2019
Started operations in Sustainable Business Awards Green PROPER from the
Sorowako, East Luwu for Best Water Management Ministry of Environment &
Regency, South Sulawesi, as category. Forestry.
an integrated nickel mining
and processing company. 2014 2020
▪ Ebony Tree Conservation PT Vale completed the sale
1979 Program. and transfer of its 20% stake
The 165-megawatt Larona ▪ Launching of The Integrated to PT Indonesia Asahan
Hydropower Plant started Community Development Aluminum/Mind ID.
operation. Program (PTPM)
2021
1990 2015 Cooperation Agreement
First divestment and Initial ▪ Application of between PT Vale with TISCO
Public Offering (IPO) of Environmental and Xinhai for the
shares. Management System. development of nickel
▪ PT Vale introduced the processing facility in
1999 Sustainable Bahodopi.
The 110-megawatt Balambano Environmentally Friendly
hydropower plant started Healthy Agriculture Program
(PSLRB).
2022
operation. ▪ Cooperation Agreement
between PT Vale and
2006 2016 Huayou for the
A modern nursery (nursery) development of nickel
covering an area of 2.5 ha Launching Vale processing facility in
has started to operate. Whistleblower Channel. Pomalaa.
Annual production is 700,000 ▪ IGP Pomalaa
seedlings. Groundbreaking, which will
2017 produce raw materials for
2007 Compiled and published the batteries, on 27 November
The ESP and Bag House first in Indonesia on 2022.
facilities are operational to biodiversity conservation in
control particulate emissions the mining sector with IBCSD. 2023
at the processing plant. IGP Morowali
Groundbreaking, a project
2011 2018 with the first RKEF smelter
▪ The 90-megawatt Karebbe ▪ Launching of The powered by LNG, on 10
hydropower plant started Community Development February 2023.
operation. Program (PPM) 2018-2022
▪ PT Vale achieved Blue ▪ 50 years of PT Vale
PROPER and maintained this ▪ New record for work without
achievement until 2017. fatalities: 34,138,226 hours

© 2023 PT Vale Indonesia Tbk.

33 34

PTVI Road Map to Reduce Carbon

Emission by 33% in 2030 and to Achieve
Net Zero in 2050
Up to 2022 2023 - 2027 2028-2030
• Convert Boiler #1 to • Convert Boiler #2 to electric • Shift fuel of Dryers & Kilns to LNG
electric • Optimize Hydropower facilities • Further increased use of Biodiesel
• Increase use of biodiesel • Start electrification mine equipment • Utilize waste heat
• Reline Hydropower Canal • Redesign ore stockpile to reduce • 100% electrification of our mine
• Use less water to screen moisture equipment
ores • Use of biomass for reductant in Kilns
2050

2030 Net Zero

Emissions
Absolute GHG
emission
reduction 33%

Technological Route Mining & Reclamation Route

Sustainable Reforestation
Fuel Shifting Green Power Up mining practice outside
concession area
Progressive
Equipment Efficiency reclamation of Biodiversity
Electrification Improvement post mined area Program

Source: PT Vale Indonesia Study Analysis

© 2023 PT Vale Indonesia Tbk.

35 36
PT Vale has an investment program worth Rp130 trillion to support
nickel downstream in Indonesia by using clean energy and absorbing
30 thousand workers in Sulawesi.

IGP Sorowako
• Cooperation with Huayou to build a
factory with High-Pressure Acid
Leach (HPAL) technology.
• Production capacity reaches 60.000
tons of Ni/year in MHP (mixed
hydroxide precipitate).
• Collaborating with international
automakers like Ford Motor Co. IGP Morowali
• Investment value of Rp30 trillion • Plant with Rotary Kiln Electric
(plant and mines). Furnace (RKEF) technology with
IGP Sorowako,
• Construction begins in late 2023. South Sulawesi IGP Morowali, Tisco and Xinhai.
Central Sulawesi • Production capacity reaches 73-80
kt Ni/year in ferronickel (FeNi).
• Investment value of Rp34 trillion
(plant and mines).
• Construction is underway.
• It will be the RKEF with the second
IGP Pomalaa, lowest carbon emission intensity
IGP Pomalaa Southeast Sulawesi after Sorowako because it does not
• HPAL Nickel Plant in MHP. use coal, but natural gas.
• 120.000 tons of Ni/year with Huayou • Including the construction of a
and Ford. Nursery Center.
• Investment value of Rp67.5 trillion • Tisco is a subsidiary of Baowu, the
(plant and mines). world’s largest stainless-steel
• Construction is underway. producer.
• Including the construction of a
Nursery Center.
© 2023 PT Vale Indonesia Tbk.
37 38
IGP Morowali IGP Pomalaa
Indonesia Growth Project (IGP) Morowali is an integrated PT Vale with Zhejiang Huayou Cobalt Co., Ltd. realizing
nickel mining and processing project with an investment partnerships that mutually support sustainable mining
value of up to Rp37.5 trillion. practices in Bumi Mekongga, Southeast Sulawesi.
This project was inaugurated on 9 February 2023 by the This project was inaugurated by the Coordinating Minister for
Coordinating Minister for the Economy Airlangga Hartarto. Maritime Affairs and Investment of the Republic of Indonesia
Luhut Binsar Pandjaitan on 27 November 2022, and was also
Mining with the Latest Technology witnessed and received support from local regional leaders.
Mining activities by PT Vale take place in Bungku Timur.
Nickel ore from mining is then processed at a processing
facility with RKEF technology in Sambalagi Village.
This project is capable of producing
Trusted Partner up to 120,000 metric tons of nickel in
The RKEF plant is a collaboration between PT Vale and the final product MHP (mixed
Taiyuan Iron & Steel (Group) Co., Ltd (TISCO) and hydroxide precipitate), a
Shandong Xinhai Technology Co., Ltd (Xinhai). component of electric vehicle
batteries.
Absorption of Local Manpower
This project will absorb up to 15 thousand workers in the Our investment in the IGP Pomalaa
construction phase. for mines and HPAL facilities is
US$4.5 billion.
Local Entrepreneur Engagement
We will also optimize the involvement of local
entrepreneurs in the Morowali Site. We have conducted a
series of Technical Training activities for Local
Entrepreneurs to participate in tenders for goods and Bringing Sustainable Mining Practices
services. PT Vale and partners agreed to bring sustainable mining
practices to the Pomalaa Block. Realized with large-scale
nursery facilities, integrated waste treatment facilities,
and air emission treatment facilities.
The smelter at IGP Morowali will produce with a
capacity of up to 73,000 metric tons of nickel per year. Optimize Local Talent
As of January 2023, around 400 workers have worked in
IGP Morowali will be the first RKEF factory in Indonesia the mining area. This figure will continue to increase in
to be supported by a gas-fired power plant, with a line with the needs of development projects.
capacity of up to 500 MW.
Workforce Training
We work closely with the Vocational Training Center
(BLK), Polytechnic PSDKU (Study Program Outside the
Main Campus) Ujung Pandang in Kolaka, and the
Community Development and Empowerment Program
(PPM) for Workforce Training and Competence at the
Kolaka Vocational Training Center (BLKK) in human
Resource Development.

© 2023 PT Vale Indonesia Tbk.