Jakarta, April 30, 2015 - PT Vale Indonesia Tbk ("PT Vale" or the "Company", IDX

Ticker: INCO) today announced its unaudited results for the first quarter of 2015

(1Q15). Revenue for the quarter was US$211.9 million after realized price for the

respective quarter dropped by 9% from previous quarter.


"In the first quarter of 2015 we continued to witness further nickel price decline

from level achieved in the 4Q14," said Nico Kanter, CEO and President Director of

the Company. "Nevertheless we decided to continue production and later in the

quarter we performed several maintenance plans to benefitting low nickel price

environment."


That maintenance affected PT Vale's nickel in matte production which decreased by

15% from 4Q14 production. However the Company still maintain its full year

production plan of around 80,000 metric tons (t) for 2015.


At the same time PT Vale continued to control its costs prudently. The cost of

revenue for 1Q15 was 14% lower than the cost of revenue incurred in the previous

quarter, in line with the sales volume decrease. Lower fuel, lubricants and supplies

lead to that favourable cost of revenue decline. This reflects cost discipline and

operating productivity at PT Vale.


Read more the full release.​​


Click here to obtain PT Vale Indonesia Tbk Financial Statements 1Q15. ​
​
distributed by