PT Vale Indonesia Tbk (PT Vale), a subsidiary of Vale Canada Ltd, is a nickel producing company in Indonesia. The company carries out exploring, mining, processing, and marketing of nickel and related products. The company sells its total production under long-term contracts for refining in Japan. PT Vale also explores coal. It serves steel making industries. The company operates through one business and geographical segment: Nickel Mining and Processing in Indonesia. This segment is involved in nickel ore mining, nickel production in matte, and nickel matte sales and shipping in Indonesia. In FY2022, the Nickel in matte production of 60,090 tons, compared with 65,388 ton in previous year. The company has sales agreement with Vale Canada Ltd (VCL) and Sumitomo Metal Mining Co Ltd (SMM), which are the largest shareholders of PT Vale. Under the agreement, the company offers 80% of its annual production to VCL and the remaining 20% to SMM. The company also owns and operates three hydroelectric power generating plants: Larona, Balambano and Karebbe. As of December 2022, the company had total proven and probable reserves of 111.5 million tons (Mt) of nickel (Ni). PT vale’s development projects include Sorowako Limonite Project, Morowali (a greenfield Saprolite Project), and Pomalaa (greenfield Saprolite and Limonite Project). PT Vale and Zhejiang Huayou Cobalt collaborated to build Pomalaa , a nickel mining project in Indonesia. This project is estimated to produce 120,000 tonnes of nickel and 15,000 tonnes of cobalt annually. PT Vale invested US$2.6 billion in the Indonesia Growth Project (IGP) Morowali, an integrated nickel mining and processing project. This project is located in Bungku Timur, Central Sulawesi. The RKEF factory is a collaboration between PT Vale, Taiyuan Iron & Steel (Group) Co., Ltd (TISCO), and Shandong Xinhai Technology Co., Ltd (Xinhai). PT Vale carry out mining operation in Sorowako, East Luwu Regency, Sulawesi. It produces nickel in matte from lateritic ores through its mining and processing facilities in Sorowako on the island of Sulawesi. In addition, the company has various other deposits in Central and Southeast Sulawesi. In FY2022, PT Vale produced 60,090 tons and sold 60,960 tons of nickel in matte.