At APEC Summit Sela, Jokowi Meets Vale Bahas Divestasi

President Jokowi (Photo: Setkab)

JAKARTA - Indonesian President Joko Widodo met with Vale Base Metal CEO Deshnee Naido. This was done on the sidelines of the APEC Summit, in San Francisco, United States, Friday, November 17 local time.

During the meeting, the President said that Indonesia welcomed the increase in MIND ID shares at PT Vale Indonesia Tbk. by 14 percent.

"This divestment will make MIND ID Vale's largest shareholder so that MIND ID and Vale Canada can jointly control Vale," Jokowi said quoting Antara, Saturday, November 18.

President Jokowi also appreciated Vale's support for more advanced downstream efforts in Indonesia, including cooperation with Ford and Zhejiang Huayou for the construction of smelters and refinery for electric vehicle battery materials in the Pomalaa Block, Southeast Sulawesi.

"Indonesia also respects Vale's commitment to partnering with Indonesia and Vale in encouraging Indonesia to participate in enjoying IRA incentives from the United States," he continued.

The Head of State also hopes that Vale's support for efforts to transition clean energy in Indonesia that uphold environmental, social and governance (ESG) aspects can be stronger.

"Thank you for the commitment to implementing the ESG Vale principle, including preserving biodiversity through the development of the Kehati Park, South Sulawesi, which I inaugurated at the end of March," said the President.

During the meeting, President Jokowi also witnessed the signing of the master agreement between MIND ID and Vale Canada and Sumitomo Metal Mining Co. Ltd. regarding the divestment of shares of PT Vale Indonesia Tbk.

Also accompanying the President in the meeting were Coordinating Minister for Economic Affairs Airlangga Hartarto and Deputy Minister of BUMN Kartika Wirjoatmodjo.