Indonesia, Vale agree price for divestment plan, Minister says
Indonesia and Vale Base Metals have concluded negotiations and agreed in principle to a price for the portion of shares the miner will sell in its Indonesian unit INCO, the Mining Minister said on Friday. Vale Canada, a unit of Vale Base Metals, and Japan's Sumitomo Metal Mining signed an initial agreement to sell a 14% stake in their Indonesian nickel mining unit to Indonesia's state mining holding company, MIND ID last November.