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

JAKARTA (Reuters) – Indonesian miner Vale Indonesia said it had awarded Petrosea a $1 billion contract to mine for nickel ore in the Central Sulawesi region of Bahodopi, according to a company disclosure form.

The contract will be signed in March is effective for 10 years, Vale said on Wednesday.

(Reporting by Stanley Widianto; Editing by Himani Sarkar)