Vale Indonesia targets 74,000 T nickel in matte output in 2019

02 Apr, 2019

* Lower production this year is due to a 10-week shutdown started in mid-February to the third week of April to conduct maintenance at furnaces and the power plant at its smelter in Sorowako, said director Bernardus Irmanto.

* Meanwhile, the company is doubling its cash spending to $165 million this year to help finance construction of two different smelters in Sulawesi.

* Vale is aiming to pick a partner from two Chinese investor candidates for its ferronickel plant in Bahodopi, Central Sulawesi, within the second quarter, said deputy CEO Febriany Eddy. Vale expects to be the majority shareholder at the plant.

Copyright Reuters, 2019

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