On April 27, PT Vale Indonesia tbk (“PTVI”) together with Zhejiang Huayou Cobalt Company Limited (“Huayou”), have signed a Framework Cooperation Agreement document for developing a High-Pressure Acid Leach (HPAL) processing facility in Pomalaa, Kolaka, Southeast Sulawesi. The FCA was signed by Febriany Eddy, CEO of PTVI in Jakarta and Xuehua Chen, Chairman of Huayou in Tongxiang, Zhejiang Province, China, and was witnessed online by Deshnee Naidoo, Executive Vice President of Base Metals of Vale and President Commissioner of PTVI.