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20241111_INCO_Laporan Informasi dan Fakta Material_31766442_lamp2.pdf
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Propelling Indonesia's Green Economy and Global Sustainability Efforts,
PT Vale Indonesia Tbk and GEM Sign a Strategic Collaboration Intended for Net-Zero
Nickel Production at the Indo-China Business Forum
Witnessed by President Prabowo Subianto
Beijing, November 10th, 2024 – Underscoring Indonesia's leadership in the global energy
transition, President Prabowo Subianto in his visit to strengthen Indonesia and China's business
collaboration, witnessed the signing of a strategic collaboration between PT Vale Indonesia Tbk
("PT Vale"), and GEM Co., Ltd. in Beijing, China. The landmark US$1.4 billion High-Pressure Acid
Leaching ("HPAL") project located in Central Sulawesi ("HPAL Project") will establish an intended
net-zero processing sites for nickel, producing at least 60,000 tons of contained nickel in Mixed
Hydroxide Precipitate ("MHP") annually — an essential component for energy storage system
(ESS) batteries. The investment includes development of (i) Research and Development Center
of around US$40 million for transfer knowledge and Indonesia local talent development, (ii) US$30
million for an ESG Compound which include green landscape, employee dormitory, domestic
water supply and waste treatment, and (iii) US$10 million for community development commitment
and public facilities.
President Prabowo's presence at this event highlights Indonesia's commitment to advancing the
green economy and fostering downstream industries that meet global demand for sustainable,
high-value MHP.
‘We in Indonesia and Southeast Asia feel that we want to continue to work together in collaboration
and synergy with China's rise back to greatness in the world. We want to be part of this rise, not
just as an economic power but also as part of a strong civilisation,’ he said.
Therefore, Prabowo said, China's entrepreneurial spirit in Indonesia is an important element in
strengthening economic cooperation between the two countries. ‘We must set an example that this
collaboration is the way to go and be nurtured. We welcome and will work hard to provide a good
atmosphere for investment into Indonesia,’ he said.
Advancing Global and National Goals Through Sustainable MHP Production
Intended to be a net-zero project, this facility will produce MHP presenting combined eco-friendly
practices with cutting-edge technology for sustainably processed nickel. By fostering collaboration
across international markets, this project reinforces Indonesia's pivotal role in the worldwide shift
to cleaner energy solutions.
"Our vision for the HPAL Project is to set a new global standard for sustainability in MHP
production," said Febriany Eddy, CEO of PT Vale. "This project is not just about producing MHP,
it’s about creating a model for responsible resource management that benefits Indonesia and the
world. By integrating advanced technology, eco-friendly practices, and a commitment to net-zero
production, we are shaping a future where Indonesia is recognized as a leader in sustainable
industrial development."
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
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Catalyzing Economic Growth and Empowering Local Communities
Aligned with the Indonesian government's 8% economic growth target, the HPAL Project is
designed to generate employment, attract new investments, and stimulate local economic growth
in surrounding communities. The project's impact extends beyond production — it is a catalyst for
economic activity and job creation, helping to uplift local communities while enhancing Indonesia's
global reputation as a sustainable industrial powerhouse.
Empowering the Indonesian Workforce Through Innovation and Knowledge Transfer
A cornerstone of the project is the parties' plan to establish a research centre focused on advancing
HPAL technology, in order to empower Indonesian professionals through technology transfer and
skills development. Improving education, skills, and technical capacity will ensure that Indonesian
talent is prepared to drive the nation’s next wave of industrial growth.
Setting New Standards in ESG Excellence
The project is intended to be a net-zero MHP processing site. PT Vale and GEM's dedication to
environmental stewardship and sustainable development reflects a shared vision of responsible
resource management that aligns with global sustainability standards. This project signals to the
world that Indonesia's nickel industry is ready to meet the challenges of the green energy transition
while upholding the highest standards of environmental responsibility.
Professor Xu Kaihua, Chairman of GEM Co., Ltd., emphasized the global significance of the
project. "PT Vale is a world class ESG company. We are honored to work alongside PT Vale to
deliver critical raw materials that align with the global shift toward renewable energy. The HPAL
Project represents a vital collaboration that merges our expertise in sustainable materials with
Indonesia's rich resources. This project is not only a step toward a cleaner future but a foundation
for deeper cross-border cooperation in green innovation. GEM will unite with Vale to apply zero
carbon emission, iintelligence, high- technology and ESG concepts in designing this project, and
create a world class green demonstration park with green nickel resources, local technologies, and
local talents, to smelt laterite nickel ore directly into battery material, promote the industrial
upgradation of Indonesian nickel resources from traditional stainless steel to new energy, and
maintains Indonesia’s global competitiveness in nickel resource.”
For further information, please contact:
Rizky Putra, Chief Financial Officer
ptvi.investorrelation@vale.com
Vanda Kusumaningrum, Head of Communications
vanda.kusumaningrum@vale.com
or visit our website at
www.vale.com/indonesia
[ 2 ]
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
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About PT Vale Indonesia Tbk
PT Vale Indonesia Tbk (“PT Vale”) is a global leader in sustainable nickel mining, deeply rooted in
Indonesia’s natural wealth and committed to advancing Environmental, Social, and Governance
(ESG) principles. Operating with innovative green mining practices, PT Vale powers its operations
with renewable energy, such as hydropower, significantly reducing its carbon footprint. With a
mining concession until 2035, PT Vale is a key player in the global energy transition, supplying
nickel critical for electric vehicles, renewable energy, and green technologies.
Our commitment to sustainability extends beyond mining. It leads in land reclamation, biodiversity
preservation, and community development, ensuring positive impacts long after mining activities
end. Globally recognized for its strong ESG performance, PT Vale is setting new standards for
ethical mining, driving Indonesia’s leadership in the decarbonization of industries and paving the
way for a greener future.
About GEM Co., Ltd
GEM, headquartered in Shenzhen, China, is a world leading waste recycling enterprise and a
leading circular economy company in China. It has 16 waste recycling parks in 11 provinces and
cities in China, is listed on the stock markets in China and Switzerland and ranks first among
private environmental protection enterprises in China. It has 15,000 employees worldwide and is
a United Nations organic emission reduction demonstration enterprise and a Chinese government
circular economy demonstration enterprise. It has been listed as one of the top 10 sustainable
development enterprises in China by Forbes and has won the Paulson Award for Sustainable
Development and the Davos World Economic Forum Global Circular Economy Award. It is a
symbol of China's green enterprise going global.
GEM has invested US$2 billion in Indonesia to build a world-class nickel resource park that
combines "green+intelligence+technology" to directly produce new energy raw materials from low-
grade laterite nickel ore, promoting the transformation and upgrading of Indonesia's nickel
resources from traditional stainless steel to new energy. GEM has also led the establishment of
the "Indonesian Government-GEM-Central South University” Metallurgical Technology
Engineering Master's international joint training program, which has trained 183 metallurgical
engineering master's and doctoral students and promoted the cultivation of advanced metallurgical
mining and metallurgical talents in Indonesia.
With an investment of 30 million USD, GEM has partnered with Bandung Institute of Technology
and Central South University to build the "Bandung China-Indonesia New Energy Materials and
Metallurgical Technology Joint Research Laboratory", which will greatly promote the development
of key technologies in the fields of Indonesian metallurgical mining, metallurgy, new energy
materials, and sustainable development. It will become a high-tech research and development
center in Indonesia and high-tech talent training base, becoming an outstanding representative of
Chinese enterprises and promoting friendly cooperation in technology and culture between China
and Indonesia.
[ 3 ]
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
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