• English
  • Bahasa Indonesia
  • Fraud Attempts in the name of Hu’u Project, PT Sumbawa Timur Mining, and Vale Public: urged to beware and verify

    27 / 06 / 2024 Press Release

    Sumbawa Timur Mining

    Jakarta, Juni 2024: PT Sumbawa Timur Mining (“STM”) again urges the public to remain vigilant against parties claiming affiliation or having a working relationship (whether directly or indirectly) with STM and its shareholders (in this case, Vale and Antam) regarding copper mining exploration activities currently conducted by STM in Dompu Regency, West Nusa Tenggara Province (hereinafter referred to as the “Hu’u Project”).

    STM management also emphasizes that STM is the sole legitimate concession holder based

    on the Contract of Work related to the development of the Hu’u Project. The implementation of these activities is supervised by the Indonesian Government and is ensured to comply with applicable laws and regulations.

    Cindy Elza, STM’s Principal Communication explained that recently they have frequently received complaints and requests for confirmation from the public regarding the project. “Complaints are received through the company’s official email and WhatsApp channels about offers for goods/services procurement, conditioned on providing a commitment fee ranging from hundreds of millions to billions of rupiah. These offers come from parties claiming involvement in the Hu’u Project development and using identities similar to (or resembling) STM and Vale”.

    STM reiterates that PT Abdi Karya Usaha Raya (AKUR), PT STM Vale Hu’u – Vale Global Group (PT STM VH VGG), PT Main Cone Vale Global, PT Vale Global Group (PT Vale GG), and PT SVH – VGG are not affiliated with STM and Vale, and are not involved in managing the Hu’u Project (whether directly or indirectly).

    “STM and its shareholders in managing the Hu’u Project uphold the principles of anti-corruption and integrity. Therefore, we never request or stipulate a commitment fee requirement in the goods/services procurement process for any reason. This also applies to the manpower recruitment process,” Cindy emphasized.

    Cindy also inform that STM has provided a hotline for the public who wish to verify or report suspicious information or suspected fraud in the name of STM, Vale, and the Hu’u Project through the email address infoSTM1@vale.com or WhatsApp at 0811.1911.0638.

    In recent years, STM has also actively and routinely disseminated this information to prevent public losses. In conclusion, Cindy added, “To protect STM’s legal interests, the Company will not hesitate to use all available legal means against anyone engaging in such fraudulent activities,”


    * * *


    About PT Sumbawa Timur Mining


    PT Sumbawa Timur Mining (STM) is a joint venture between Eastern Star Resources Pty Ltd (80%), a wholly-owned subsidiary of Vale, and PT Aneka Tambang Tbk (20%). STM owns the Hu’u Project, a copper exploration project operating under the 7th Generation Mineral Contract of Work (CoW) in Hu’u District, Dompu Regency, West Nusa Tenggara Province, Indonesia. The CoW also holds geothermal resources. To explore this potential, the company has completed the Preliminary Survey and Geothermal Exploration Assignment. The CoW area spans 19,260 hectares across Dompu and Bima Regency. STM is continuing its journey to achieve its vision of becoming a world-class copper mining operation supported by renewable energy.

    For further information, please contact STM Communications Team.

    Sumbawa Timur Mining
    Sumbawa Timur Mining