20241112_INCO_Laporan Informasi dan Fakta Material_31766930_lamp2.pdf

                  Advancing Green Growth and Global Climate Action
        PT Vale Indonesia Tbk Announces its Landmark Commitments at COP29


Baku, Azerbaijan, November 11th, 2024 — At the CEO Dialogue on Climate Actions at
Conference of the Parties (“COP”) 29, PT Vale Indonesia Tbk (“PT Vale”) reaffirmed its
commitment to climate action through a landmark initiative for sustainable growth and responsible
nickel production. Addressing global business leaders, Febriany Eddy, CEO of PT Vale, presented
the Company's strategy to accelerate the energy transition responsibly, a strategy that is not only
in perfect alignment with Indonesia's green growth goals but also a significant contributor to the
country's vision.

This year's COP29 brings together governments, businesses, and civil society worldwide to
address urgent climate issues, share innovative solutions, and build frameworks for sustainable
development. This year's theme emphasizes collaboration and rapid action in the global transition
to a low-carbon economy, focusing on critical minerals and renewable energy.

During the CEO Dialogue on Climate Actions, moderated by Dr Efransjah, Senior Advisor to
Indonesia's Minister of Environment and Forestry (2015–2024), Febriany, presented the
Company's strategy to accelerate growth responsibly, aligning with Indonesia's vision for green
growth and climate resilience. This dialogue highlighted PT Vale's pivotal role in advancing
Indonesia's goals for sustainable resource management, a role that we can all be proud of and
support.

"This week, PT Vale takes another significant step forward on its sustainability journey," said
Febriany. "Yesterday in Beijing, we signed a pivotal cooperation agreement with GEM to establish
a net-zero nickel production site. This partnership, witnessed by President Prabowo Subianto,
reflects our commitment to green growth and positions Indonesia as a global leader in sustainably
supplying battery-grade nickel. This is a moment where Indonesia can showcase how economic
progress, and environmental stewardship can go hand in hand."

PT Vale's plans to quadruple nickel production over the next decade align with the growing global
demand for critical minerals essential for electric vehicles (EVs) and other clean technologies. The
Company's US$9 billion investment, alongside its partners, aims to meet this demand responsibly,
contributing to Indonesia's National Roadmap for Nickel Industry Decarbonization.

With a focus on low-carbon, sustainable operations, PT Vale's commitment directly supports
Indonesia's green growth strategy and efforts to position the country as a responsible global player
in the energy transition.

"Our mission is clear: accelerate growth, but do so responsibly," said Febriany. Our product has
amongst the lowest carbon intensity in the industry for its kind, positioning PT Vale as a reliable
and responsible partner for the world's energy transition." The Company's Sorowako facilities
contribute to these goals by relying on three hydropower plants. The smelting activities in the
Sorowako facility are powered 100% by PT Vales in all its three hydropower plants. Additionally,
PT Vale supplies 10.7 MW of clean electricity to the region through the state utility PLN, supporting
sustainable regional development and promoting Indonesia's transition to clean energy.


PT Vale Indonesia Tbk
Jakarta: Sequis Tower, 20th Floor, Unit 6 & 7, Jl. Jend. Sudirman Kav. 71, Jakarta 12190, Indonesia. T (62) 21 524 9000 F.(62) 21 524 9020
Makassar: Jl. Somba Opu No. 281, Makassar 90113, Indonesia. T.(62) 411 366 9000 F.(62) 411 366 9020
Sorowako: Main Office Plant Site Sorowako, Luwu Timur 92984, Indonesia. T.(62) 475 332 9100 F.(62) 475 332 9575
www.vale.com/indonesia