Indonesia Miner
Welcome to Indonesia Miner
Home / Directory / List News / Detail News

Petrosea and Vale Enter IDR 16 Trillion Contract for Nickel Mining in Morowali

palu.tribunnews.com

Sat 18 Jan 2025, 11:12 AM

Share

Events

PT Petrosea Tbk to Manage Nickel Mining in the Bahodopi Blocks 2 and 3 Areas, Morowali Regency, Central Sulawesi. The areas are part of the concession area of PT Vale Indonesia Tbk (INCO).

PT Petrosea Tbk is known to have won the mining services contract for the Bahodopi Blocks 2 and 3 areas through a tender process.

The value of the mining services contract is estimated to reach USD 1 billion or approximately IDR 16 trillion, with a duration of 10 years.

The scope of work includes overburden removal services, nickel ore mining and transportation, as well as the construction of infrastructure related to mining services.

It is known that INCO is now part of the state-owned mining holding, MIND ID.

Together with PT Vale Canada Limited, MIND ID controls INCO with a 34 percent ownership stake.

PT Petrosea Tbk is a subsidiary of the business conglomerate owned by Prajogo Pangestu, which controls PTRO through PT Petrindo Jaya Kreasi Tbk.

Petrosea and Vale previously collaborated to accelerate the development of the nickel mining project in the Pomalaa Block, Kolaka, Southeast Sulawesi.

The two companies have held a series of First Cut ceremonies in the Mining IGP Pomalaa area, starting on Friday, October 4, 2024.

Petrosea has been entrusted with completing the work at the IGP Pomalaa Site until March 2026.

INCO is targeting a loan of USD 1.2 billion for the development project of the mine.

According to INCO’s data, the mine development project in Bahodopi is expected to be completed by Q4/2025, with an additional production capacity of 3.84 million tons of saprolite per year.

The capital expenditure for the project is USD 399 million.

Additionally, INCO is pursuing the development of a new mining block in Pomalaa, with an expected annual production increase of 28.15 million tons of saprolite and limonite.

The capital expenditure for this new mining block is USD 1 billion, and it is expected to begin operations in Q2/2026.

The new mining project in Pomalaa is 22% complete.

Meanwhile, the new mining block in Sorowako has an investment of around USD 257 million, with an expected additional annual production of 11.5 million tons of limonite.

The project is targeted to be completed by Q3/2026.

Image source: palu.tribunnews.com

Source Link: https://palu.tribunnews.com/2025/01/18/garap-tambang-nikel-pt-vale-di-morowali-sulteng-pt-petrosea-teken-kontrak-rp-16-triliun?page=2

Advertisement

Relate News

News
24 Nov 2023, 09:00 AM

Harita Nickel (NCKL) HPAL Smelter to Operate in Mid-2024

Harita Nickel
5058 Views
News
07 Feb 2024, 12:00 PM

Far East Gold Extends Woyla Drill Campaign Following Strong Gold and Silver Assays

proactive Investors
2976 Views
News
17 Jan 2025, 11:32 AM

Ministry of ESDM Targets 2025 Coal DMO to Reach 239.7 Million Tons

ANTARA FOTO/Wahdi Septiawan
1663 Views
News
13 Oct 2023, 12:00 PM

National Coal Production in 2023 Potentially Exceed Target

KONTAN/Muradi
3588 Views
Hello! We would like to talk to you.Please fill the details below to start chatting with us.