JAKARTA - PT Vale Indonesia Tbk (INCO) recorded nickel production of 19,820 metric tons (matte) in the third quarter (Q3) of 2019, 12% higher than its record in the second quarter of 2019 and 9% higher than its record in Q3 2018 of 18,192 metric tons.
As quoted from the company disclosure, Nico Kanter, CEO and President Director of PT Vale Indonesia Tbk (INCO) said the increase in production volume was due to the completion of maintenance work on the company's key assets. "We are optimistic that we can achieve our nickel production target of 71,000 metric tons (matte) this year," he said.
However, the company's total production volume up to Q3 2019 was 50,531 metric tons, 7% lower than its record in Q3 2018 of 54,227 metric tons. (LK/AR)