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Economy in brief: Vale records highest annual production
Publicly listed nickel mine operator PT Vale Indonesia posted the highest annual production volume in its history last year
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ublicly listed nickel mine operator PT Vale Indonesia posted the highest annual production volume in its history last year.
The production volume of 81,177 metric tons was 3 percent higher than the 2014 annual production volume.
Production volume in the fourth quarter of 2015 was 8 percent higher than that in 2014. That volume represents the highest quarterly production volume in its operation in Indonesia.
Vale Indonesia, shares in which are traded on the Indonesia Stock Exchange under the code INCO, said in a statement Thursday that it would maintain its full year production target of around 80,000 tons this year.
