PT Vale releases second quarter 2020 Production Report

Jakarta, July 20, 2020 - PT Vale Indonesia Tbk ("PT Vale" or the "Company", IDX Ticker: INCO) announced that in the second quarter of 2020 ("2Q20"), it produced 18,701 metric tons ("t") of nickel in matte.

Production Highlights

2Q20 1Q20 2Q19 1H20 1H19

Nickel in matte production (t) 18,701

17,614

17,631

36,315

30,711

The production volume in 2Q20 was about 6% higher than the production volume realized in 1Q20, while production in 1H20 was 18% higher than production in 1H19 due to a shorter shutdown period in 1H20. In 1H19 the Company executed a longer planned shutdown for activities related to the Larona Canal Lining.

"Looking at this achievement, we are confident in our ability to maintain our production levels in 2020," said Nico Kanter, CEO and President Director of PT Vale.

For further information, please contact: Bernardus Irmanto, Chief Financial Officerptvi.investorrelations@vale.com or visit our website at www.vale.com/indonesia

PT Vale IndonesiaTbk

Jakarta:TheEnergy Building 31stFloor SCBD Lot11A,Jl. Jend.Sudirman Kav 52-53,Jakarta12190,Indonesia.T.(62) 215249000F.(62) 215249020

Makassar:Jl.SombaOpuNo.281,Makassar 90001,Indonesia. T.(62) 411873731 F.(62) 411856157

Sorowako:PlantSiteSorowako,Kabupaten LuwuTimur 92984,South Sulawesi,Indonesia.T.(62) 215249100 F (62) 215249565

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PT Vale Indonesia Tbk published this content on 20 July 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 July 2020 09:10:09 UTC