NIC 3.51% 82.5¢ nickel industries limited

I'm assuming this goes a long way towards satisfying the legal...

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    I'm assuming this goes a long way towards satisfying the legal requirement to have substantial Indonesian ownership of NIC at some stage in the near future. At the same time it reduces NIC's debt.
    United Tractors seems to be a good fit for NIC's style - this from Japan Times in August 2022:

    “While renewable energy such as geothermal, hydro and solar solutions will drive Indonesia’s economy forward, the country is at a crossroads regarding infrastructure, regulations and incentives. Government and industry need to work closely to achieve the targeted renewable portion,” he said.

    A crucial factor in United Tractors’ success is its commitment to environmental, social and governance initiatives.

    “We support our employees and contribute to the social and economic development of the people in the areas in which we work by delivering health care, vocational schools and teacher-empowerment and income-generating activities,” Kesuma said.


 
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