Oct 15, 2011

INCO to pay US$0.01 interim dividend

Nickel miner PT International Nickel Indonesia Tbk (INCO) today announced a dividend interum of US$0.01 per share or US$100 million.The dividend has been approved of the company's board of commissioners. 
It is payable on November 21 to shareholders of record as of November 7 2011. In addition to the final dividend of last year paid in May 2011 of US$145 million, the interim dividend will bring a total dividend of US$245 million to INCO's shareholders.
This payment reflects a solit position and commitment of INCO to its shareholders and it is aligned with the growth plan to jack up the annual nickel production to 120,000 metric tons next year from 73,000 metric tons.

Disclosure: No position at the stock mentioned above.

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