Vale to sell stake in Indonesian unit

Operations and Personnel, PT Vale Indonesia

Indonesia’s mining minister said Vale will sell a 14% stake in Vale Indonesia to bring the holding by foreign investors below the maximum limit, reported Reuters.  The news agency said share divestment is a condition Indonesia requires to extend the operation permit for the nickel miner. The government requires oversea firms to divest 51% of their stake to local buyers…

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Goongarrie Hub gets boost from Japanese consortium

Photo: Ardea Resources Ardea Resources said it has signed a non-binding Memorandum of Understanding (MoU) with a Japanese consortium to develop its Kalgoorlie Nickel Project Goongarrie Hub in Western Australia. Full story.

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