Vale Indonesia Gets Special Mining Permit Extension Until 2035
Workers at a PT Vale Indonesia nickel processing plant in Sorowako, Indonesia.
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Nickel miner PT Vale Indonesia received a special mining permit extension that ends months of uncertainty over its future operations.
The company got an operating permit extension until Dec. 28, 2035, following the issuance of a special mining permit on May 13, according to a statement on Wednesday. As part of the extension deal, Vale Indonesia must complete the construction of refining facilities.