INCO - The continuation of negotiation with MIND ID on shares' divestment

INCO - The continuation of negotiation with MIND ID on shares' divestment Vale Indonesia's (INCO) is still in the middle of a negotiation with a state-owned mining holding company, Mining Industry Indonesia (MIND ID) on a 14% shares divestment, which currently is focusing on the agreement of its share price. Moreover, the government expects to secure the best price possible for this transaction, while other aspects of the divestment plan, such as MIND ID's position as the majority shareholder, had been settled. Although there's a preliminary agreement in place, the ongoing negotiation is centered on finalizing a definitive agreement and necessary legal arrangements. Note that, the divestment of INCO' shares is one of requirements by the government for INCO to get contract extensions. (Source: Kontan)