9,779.57 TRY BIST 100 BIST 100
37.82 EUR EUR EUR
36.11 USD USD USD
4.98 CNY CNY CNY
0.13 CNY CNY/EUR CNY/EUR
39.50 TRY Interest Interest
74.47 USD Fossil Oil Fossil Oil
32.33 USD Silver Silver
4.72 USD Copper Copper
105.61 USD Iron Ore Iron Ore
351.00 USD Shipbreaking Scrap Shipbreaking Scrap
3,383.99 TRY Gold (gr) Gold (gr)

Vale Indonesia signs $1 billion deal with Petrosea

Brazil's iron ore giant Vale Indonesia is set to sign a giant $1 billion contract with Petrosea Tbk to mine nickel ore in the Bahodopi region of Central Sulawesi.

Vale Indonesia signs $1 billion deal with Petrosea

While the contract is planned to be signed in March, it was announced that the cooperation will be valid for 10 years.
Vale Indonesia will benefit from Petrosea's extensive mining services in this project. “We can clarify that the mentioned project is indeed one of the potential projects that is in the process of contract finalization,” PTRO's Corporate Secretary Anto Broto told the Indonesia Stock Exchange.

Bahodopi is known as one of Indonesia's richest regions in terms of nickel reserves. With this project, Vale Indonesia is taking an important step to respond to global nickel demand and contribute to the Indonesian economy. Petrosea's expertise in the sector will play a key role in this long-term project.

This 1 billion dollar deal is considered as an important step towards increasing Indonesia's competitiveness in the mining sector while reinforcing Vale and Petrosea's cooperation.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Ezz Steel signed a major block trade deal worth 878 million dollars

Thursday, February 13, 2025

Declining demand and price pressures continue in Türkiye's long product market

Thursday, February 13, 2025

UK Steel comments on US steel tariffs

Thursday, February 13, 2025

Emsteel continues to be the leader in the domestic market

Thursday, February 13, 2025

China issues a statement regarding USA steel and aluminum tariff decision

Thursday, February 13, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now