INCO – Targeting matte nickel production of 70k tons

Vale Indonesia's (INCO) target is higher by 7.69% yoy at 65k tons. INCO has a sustaining capex of USD130 mn. The total consolidated capex is still undetermined by INCO because the development of projects in Pomalaa and Bahodopi is expected to require greater funds beyond the sustaining capex. (Source : Investor Daily)