Brazilian mining powerhouse, Vale S.A, has enjoyed continued growth in its revenue and matte nickel output in Indonesia during the second quarter of 2020. Publicly listed PT Vale Indonesia (INCO), its local business unit, has booked a sales increase (YoY) at the end of this year’s second quarter, which follows the positive performance it enjoyed in 2020’s first quarter. The company booked revenue of $185.7 million (Rp 2.71 trillion) at the end of this year’s second quarter, up 6.3% (QoQ) from $174.6 million in the first quarter. INCO recorded $360.37 million during 2020’s first semester, which is a 23.3% growth

The partnership is expected to enable both parties to identify potential investment, assist startup expansion with each other’s strong network, and encourage technology transfer.