INCO – To continue the divestment process in INCO

INCO – To continue the divestment process in INCO Mind Id and Vale Canada have reached an agreement for Vale Canada to divest around 14% of its stake in Vale Indonesia (INCO). Currently, the majority of INCO's shares are still owned by Vale Canada Limited with a portion of 43.79% and Mind Id owns 20%. This divestment process is expected to have a positive impact for INCO as the company is likely to retain its operational control of the Sorowako mine, which also ensures the implementation of the company' expansion plan. (Source : Kontan)