PT Vale releases third quarter 2020 Production Report

Jakarta, October 19, 2020 - PT Vale Indonesia Tbk ("PT Vale" or the "Company", IDX Ticker: INCO) announced that in the third quarter of 2020 ("3Q20"), it produced 19,477 metric tons ("t") of nickel in matte.

Production Highlights

3Q20

2Q20

3Q19

9M20

9M19

Nickel in matte production (t) 19,477

18,701

19,820

55,792

50,531

The production volume in 3Q20 was about 4% higher than the production volume realized in 2Q20, while production in 9M20 was 10% higher than production in 9M19.

"Our operation in the third quarter of 2020 was more reliable despite the pandemic, resulting in a higher production volume," said Nico Kanter, CEO and President Director of PT Vale. "We thank all employees for their hard work to make this happen and are optimistic of meeting our 2020 full year production target of approximately 73,000 t."

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 19 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 October 2020 09:09:03 UTC