03
Jul
10:48
MIND ID becomes largest shareholder in Vale Indonesia
PT Mineral Industri Indonesia (MIND ID), the Holding State-Owned Enterprise for the Mining Industry, announced on 1 July that it has officially become a major shareholder in PT Vale Indonesia Tbk (Vale Indonesia or PT Vale).
On 28 June 2024, MIND ID completed the purchase of about 14% of PT Vale Indonesia shares from Vale Canada Limited (VCL) and Sumitomo Metal Mining Co. Ltd. (SMM), Kallanish notes. MIND ID now owns around 34% of Vale Indonesia's issued …
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