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PT VALE INDONESIA UNSP/ADR (symbol: PTNDY) is a subsidiary of Vale Base Metals involved in the divestment obligation of PT Vale Indonesia Tbk. The company signed a Definitive Agreement with PT Mineral Industri Indonesia and Sumitomo Metal Mining Co., Ltd., transitioning the majority ownership to MIND ID. With a focus on unlocking value and growth investments across Sulawesi, PT Vale aims to meet the demand for critical minerals in the global energy transition.
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Vale Base Metals signs a Definitive Agreement with PT Mineral Industri Indonesia and Sumitomo Metal Mining Co., Ltd. to divest approximately 14% pro-rata combined equity interest in PT Vale Indonesia Tbk. The transaction aims to meet Indonesia's ownership requirements by December 2025, with MIND ID becoming the largest shareholder in PT Vale. VCL to receive US$160 million in cash upon closing.
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FAQ
What is the current stock price of PT VALE INDONESA UNSP/ADR (PTNDY)?
The current stock price of PT VALE INDONESA UNSP/ADR (PTNDY) is $11 as of July 15, 2024.
What is the market cap of PT VALE INDONESA UNSP/ADR (PTNDY)?
The market cap of PT VALE INDONESA UNSP/ADR (PTNDY) is approximately 2.4B.
What is PT VALE INDONESIA UNSP/ADR?
PT VALE INDONESIA UNSP/ADR is a subsidiary of Vale Base Metals involved in the divestment obligation of PT Vale Indonesia Tbk.
Who are the key stakeholders in the company?
PT VALE INDONESIA UNSP/ADR signed a Definitive Agreement with PT Mineral Industri Indonesia and Sumitomo Metal Mining Co., Ltd., transitioning the majority ownership to MIND ID.
What are the growth investments of PT VALE INDONESIA UNSP/ADR?
The company aims to unlock value and growth investments across Sulawesi to meet the demand for critical minerals in the global energy transition.
What is the focus of PT VALE INDONESIA UNSP/ADR?
PT VALE INDONESIA UNSP/ADR focuses on providing responsible production of low-carbon nickel, copper, and other metals critical for the energy transition.
What is the divestment obligation of PT VALE INDONESIA UNSP/ADR?
The company aims to achieve 51 percent Indonesian ownership by December 2025 as part of the extension of its long-term operating license.
PT VALE INDONESA UNSP/ADR
OTC:PTNDY
PTNDY Rankings
PTNDY Stock Data
2.38B
1.73B
0.79%
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