JAKARTA -- State-owned mining holding company Mineral Industri Indonesia will buy another 14% stake in the local unit of Brazilian mining giant Vale for approximately 4.24 trillion rupiah ($271.4 million), according to an agreement signed on Monday.
Commodities
Indonesia miner buys another 14% stake in Vale's local nickel unit
State-owned MIND ID becomes largest shareholder with 34% of shares
A worker at a Vale Indonesia smelter -- the nickel industry has fueled environmental, social and governance concerns in the archipelago. © Reuters
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