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Vale Indonesia’s nickel matte output down 20 percent in Q2
Nickel matte production by Vale Indonesia declined nearly 20 percent year-on-year to 15,048 tons in the second quarter due to planned maintenance at its processing plant.
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Work is carried out at a mining site of PT Vale Indonesia in Sorowako, South Sulawesi, in this undated photo, with restored forest seen in the background. The company reported an almost 20 percent year-on-year decline in output in the second quarter of 2021. (JP/Ruslan Sangadji)
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ublicly listed PT Vale Indonesia, one of Indonesia’s largest nickel-mining companies, has reported a sharp decline in its nickel matte production as a result of maintenance work.
Vale Indonesia reported nickel matte output of 15,048 tons in the April to June period, down nearly 20 percent year-on-year (yoy), due to planned maintenance at its processing plant.
That brought the company’s production in the first half of the year to 30,246 tons, 16.71 percent less than in the same period of last year. The mining firm attributed the drop in output in the first three months to unplanned maintenance and lower nickel grade.
“The [company] maintains its production target [for the full year] at the 64,000 [tons] level, as previously disclosed,” the Vale Indonesia stated in its press release published Monday.
Last year, Vale produced 72,237 tons worth of nickel matte, slightly below the projected 73,700 tons.
Read also: Nickel giant Vale Indonesia’s profits grow despite pandemic
After Vale Indonesia booked declining revenue in 2020, it saw a rebound in its revenue in the January to March period this year with an 18.26 percent yoy increase to $206.55 million. Its profits rose by 16.36 percent yoy to nearly $33.7 million over the same period.
