Vale Indonesia had already distributed interim dividend in December 2012, amounting to USD $25 million. Total dividends related to 2012 will thus be about USD $50 million, a payout ratio of approximately 74 percent.

Despite reaching an all time high quarterly production record of 21,306 metric tons of nickel in matte in Q4-2012, low nickel prices - due to global economic uncertainties - impacted on Vale Indonesia's revenue in 2012 (the nickel price per metric ton in 2012 was 26 percent lower than in 2011). The company's revenue fell 22.2 percent to USD $967.3 million. Net profit in 2012 fell 79.8 percent to USD $67.5 million. Cost of revenue in 2012 rose 10 percent due to the higher High Sulphur Fuel Oil price as well as increased supply costs associated with furnace repair activities in the first half of 2012.

Vale Indonesia, Indonesia's largest nickel producer and subsidiary of the world's second largest mining company, operates one of the world's biggest integrated lateritic nickel mining and processing operations on the island of Sulawesi.

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Vale Indonesia's Financial Highlight:

     2008    2009    2010    2011    2012
Nickel in Matte Production¹
  72,385   67,329   75,989   66,900   70,717
Revenue  1,312.1    761.0  1,276.3  1,242.6    967.3
Gross Profit    503.2    244.9    624.9    515.4    166.7
Profit before Tax
   463.3    236.7    581.3    452.3     91.4
Net Profit
   359.3    170.4    437.4    333.8     67.5
Total Assets  1,843.2  2,027.6  2,190.2  2,421.4  2,333.1
Total Liabilities    322.3    446.3    510.4    652.2    611.6
EBITDA    550.1    327.8    679.6    552.0    209.2
Earnings per Share²    0.036    0.017    0.044    0.034    0.007
Dividend per Share²  0.02264  0.01107  0.01410  0.01000  0.00252

in million US dollar unless otherwise stated
¹ in tons
² in US dollar
Source: Vale Indonesia, Annual Report 2012

Download Vale Indonesia's Annual 2012 Report

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