PT Vale Indonesia Tbk

Ticker

IDX:INCO

Price (Q3 2025)

13,740

Market Cap

Rp 70T

Headquarters

Jakarta, Indonesia

Key East Indonesian Operations

South Sulawesi

Industry/Sector

Energy & Mining

Company Profile

PT Vale Indonesia Tbk is one of the largest nickel producers in Indonesia and a subsidiary of Vale S.A., the global mining giant based in Brazil. Established in 1968, the company has played a central role in Indonesia’s nickel industry for over five decades. Its core operations are located in Sorowako, South Sulawesi, making INCO one of the most important industrial actors in Eastern Indonesia.

Vale Indonesia’s nickel operations are integrated with smelting and refining facilities, producing nickel matte primarily for export. The company has committed to expanding into nickel-based battery materials, aligning with Indonesia’s national strategy to become a global hub for electric vehicle (EV) batteries. With long-term investment plans, Vale Indonesia continues to support regional economic growth while strengthening Indonesia’s strategic role in the global energy transition.

Sustainability and Governance

• ESG leadership: Vale Indonesia is recognized for its strong environmental standards compared to many regional peers.

• Carbon neutrality commitment: The company targets net zero emissions by 2050.

• Extensive land reclamation and biodiversity programs in post-mining areas.

• Governance aligned with international best practices through Vale’s global framework, ensuring transparency and accountability.

Operations and Impacts in East Indonesia

• Major employer in South Sulawesi, providing stable jobs and supporting local livelihoods.

• Infrastructure development in Sorowako, including housing, schools, and healthcare facilities.

• Community empowerment programs in education, health, and small business development.

• Anchors the nickel downstreaming strategy, linking Sulawesi directly to Indonesia’s EV battery and green economy ambitions.

News and Updates