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Vale Indonesia awards Petrosea $1 billion contract for nickel ore mining

Jan 16, 2025

Contract Type

contract

Rio de JaneiroManufacturingEnergyMiningPrecious MetalsMineral

Description

Vale Indonesia has awarded Petrosea a $1 billion contract for nickel ore mining in the Central Sulawesi region of Bahodopi. The contract, effective for 10 years, will be signed in March.

Company Information

Company

Vale S.A

Location

Rio de Janeiro, Rio de Janeiro, Brazil

About

Vale S.A. is a Brazilian multinational corporation engaged in metals and mining. It is one of the world's largest producers of iron ore and nickel. Vale operates in a number of countries and is known for its commitment to sustainability and innovation in the mining sector.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.