On January 2, 2026, PT Vale Indonesia Tbk issued an announcement regarding the status of the 2026 Work Plan and Budget approval. As a result, the company has not yet obtained the legal authorization required to conduct mining operations.
In compliance with regulations and in line with good governance practices, Vale has suspended mining activities within areas of Company's Special Mining Business Permit (IUPK) until formal approval is obtained. The company emphasized that this step is to ensure all operations adhere to current laws and regulations.
Vale stated that the delay in approval is not expected to affect the overall sustainability of its operations and anticipates that the relevant approval will be completed in the near future. The company reiterated its commitment to maintaining operational stability, complying with the law, creating lasting value for shareholders, and upholding responsible and sustainable natural resource management objectives.
Despite the temporary suspension of mining activities due to the approval delay, Vale does not foresee any significant direct impact on its current financial position and will continue to prioritize business continuity, workplace safety, and operational stability.
Written by Cora Ji, jiruyan@mysteel.com
