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View all search resultsState-owned Enterprises (SOEs) Minister Erick Thohir has maintained that nickel miner Vale must relinquish a larger stake to Indonesia that includes the country’s state-owned miner holding MIND ID.
Shareholders of PT Vale Indonesia are reportedly tussling over who will have operation control of the publicly listed nickel mining company and get to consolidate it with their financial statements after an impending divestiture that is required to extend its operations in Indonesia.
The government cannot simply take over the INCO mine and its smelting industry if its CoW is not extended because the investors have the right to take back or sell all the mining equipment and all other fixed assets, except the mineral resources underground.
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