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It is imperative to provide clarifications, particularly in relation to the potential misunderstanding or misrepresentation of PT Vale’s operations and commitments.

No Current Collaboration with Stellantis

We would like to emphasize that, as of today, PT Vale does not have any joint venture or formal collaboration with Stellantis. Furthermore, there are no ongoing discussions between PT Vale and Stellantis regarding a potential joint venture or partnership.

Commitment to Environmental Stewardship

PT Vale has been operating in Indonesia for more than five decades with a strong commitment to environmental responsibility, guided by Indonesian regulations and international best mining practices. Our environment management system is certified under ISO 14001:2015.

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PT Vale is continuously conducting and updating the Environmental and Social Impact Assessment (ESIA) and biodiversity study, including High Conservation Value (HCV) and carbon stock assessments within all three PT Vale concession blocks to always align with international standards related to sustainable mining.

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PT Vale is committed to respecting human rights. Our engagements are governed by mutual respect and transparency, and we maintain ongoing programs for community development, including targeted support for women and other vulnerable groups.

This commitment is guided by the PT Vale Human Rights Policy, which references several global standards, including the UN Guiding Principles on Business and Human Rights, the UN Declaration on the Rights of Indigenous Peoples, and the Voluntary Principles on Security and Human Rights (VPSHR)...

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Our operations follow strict occupational health and safety protocols, and PT Vale maintains a zero-fatality target. As of today, we have no affiliation with the operations at Indonesia Morowali Industrial Park (IMIP), Indonesia Weda Bay Industrial Park (IWIP), or other facilities cited in the letter, such as PT Gunbuster Nickel Industry (one of the tenants in IMIP).