Vale's Managing Director Leaks Development Of Cooperation With Ford: Again Managing Amdal

JAKARTA - President Director of PT Vale Indonesia (INCO) Febriany Eddy gave the latest leak related to the progress of cooperation in the nickel-based electric vehicle battery project in Pomala with Ford Motor Company.

Febriany said the cooperation between the two companies was still continuing well and showed significant progress.

He said that currently his party had obtained a forestry permit.

"The forestry permit has been issued. This is because it was built in an industrial area, so they have good progress in terms of licensing," he told the media crew quoted on Friday, June 21.

Febriany added that Ford is currently in charge of obtaining an Environmental Impact Analysis Permit.

After it is confirmed that the Amdal permit is pocketed, the construction of the battery raw material factory will be carried out.

"Now they are taking care of the Amdal. If everything goes smoothly, it will go straight away," he continued.

Not long ago, he continued, Ford visited the Pomala Block, which is the location for the project.

Ford's goal of making visits is to take a close look at aspects of environmental, social and corporate governance or Environmental, Social, and Governance (ESG).

"Apresiative. Good and as expected (Ford). Indeed, they ask us to play an active role to ensure that later according to the agreed ESG standards. For Vale this is important, for Ford it is important," he concluded.

Just so you know, PT Vale Indonesia Tbk and Zhejiang Huayou Co Cobalt Co from China announced an agreement with global car manufacturer Ford Motor Co.

The three companies made share participation in the High-Pressure Acid Leaching (HPAL) Block Pomalaa project through a definitive agreement.

The HPAL Block Pomalaa project will process ore supplied by PT Vale Indonesia from the Pomalaa Block mine to produce a deposit hydroxide mixture (MHP).

This HPAL factory will operate under PT Kolaka Nickel Indonesia in the nickel area of the Pomalaa Block in Kolaka, Southwest Sulawesi, Indonesia.

Under regulatory approval, the project can produce up to 120 kilotons of nickel per year in the form of MHP, a lower-cost nickel product used in electric vehicle batteries with nickel-rich cathodes.