Indonesia state miner to acquire 20% stake in Vale Indonesia
2019-11-22
Image courtesy of PT Vale Indonesia. State holding company Mining Industry Indonesia will acquire a 20% stake in Vale Indonesia for $500 million by June, 2020, the state miner’s acting chief executive said on Friday. “The conditional share purchase agreement is expected in mid-December, the conclusion depends on conditions, but is targeted no later than June 2020,” Ogi Prastomiyono told reporters....