The Jakarta Post
Publicly-listed PT Vale Indonesia set high expectations for the company’s newly installed electric furnaces in Sorowako, South Sulawesi, after undergoing early repairs and consequent upgrades following an incident involving angry locals last year.
“We just turned the power on for furnace #2 in the beginning of April, and we are expecting this furnace to be fully in production in May. The furnace has 20 percent higher capacity,” finance director Bechara said after the company’s extraordinary shareholders meeting on Wednesday.
According to the company’s statement, the repair and upgrades of furnace #1 and #2 were due to an unforeseeable incident that affected both furnaces. The company said it had utilized the situation to move forward scheduled maintenance work to November, a year earlier than previously planned. Consequently, the company produced less nickel in ma...