NIC 0.51% 98.0¢ nickel industries limited

I don’t believe it works that way. My understanding is the...

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    I don’t believe it works that way. My understanding is the entity that owns the mine is a particular type of company incorporated in Indonesia called a PMA, and NIC’s 80% ownership in that company is considered foreign investment, while the Wijoyo family’s 20% ownership is local investment. NIC must divest shares in that PMA company to locals in accordance with the divestiture schedule. Happy to be corrected.
    Last edited by chrisman: 05/03/24
 
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