Harita Nickel Capable of Fulfilling 1.5 Million Electric Vehicle Batteries This Year
Harita Nickel Capable of Fulfilling 1.5 Million Electric Vehicle Batteries This Year
02 Sep 2022, 05:35 PM 6510

Harita Nickel, through PT Halmahera Persada Lygend (PT HPL), became a pioneer company in Indonesia in producing the main raw material for electric vehicle batteries in the form of Mixed Hydroxide Precipitate (MHP). PTHPL, which began operating in mid-2021 on Obi Island, South Halmahera, North Maluku Province, now has a production capacity of 365 thousand WMT per year. With this production capacity, Harita Nickel is able to meet the needs of 1.5 million electric vehicle batteries in 2022 and more than 3 million vehicles in 2040. Harita Nickel's Head of External Relations, Stevi Thomas stated that PTHPL has succeeded in producing MHP by utilizing nickel limonite. low) through High Pressure Acid Leach (HPAL) technology.Previously, nickel limonite was not used because its content was very low (<1.3%) and classified as overburden. "However, this type now has strategic value and is a material that is sought after by world electric vehicle battery manufacturers," said Stevi in ​​a written press statement, Monday (1/9/2022).Stevi stated that Harita Nickel's participation in this event was to introduce Indonesia's success in the eyes of the world as a producer of MHP as well as to support climate change mitigation, namely encouraging emission reductions from the use of fossil fuel motorized vehicles in order to achieve net zero emissions and clean energy by 2020. 2060 or earlier. He added that while the government aspires to become a major world player in the electric vehicle battery industry, Harita Nickel appears to be at the forefront. "Harita Nickel is a pioneer in Indonesia, not only in processing and refining low grade nickel ore through High Pressure Acid Leach (HPAL) technology, but also taking Indonesia one step forward as a producer of electric vehicle battery raw materials that the world considers," said Stevi. Stevi revealed that in addition to optimal efforts in conserving nickel limonite minerals, the presence of HPAL technology is also able to provide other benefits in terms of providing thousands of workers, especially local workers on Obi Island, South Halmahera, as well as other economic contributions in the form of state revenue, regional development in operational areas, as well as improvement and expansion. the reach of community development and empowerment programs.Stevi further said that the application of the technology is a manifestation of the company's commitment to environmentally friendly operational practices. Likewise, the commitment to sustainability becomes the company's strategy through 3 main pillars, namely climate change, human rights, and governance."In addition to placing more than 1,000 artificial coral reefs in the waters around the operational area, Harita Nickel has also rehabilitated mangroves in South Halmahera for 2 consecutive years in an area of ​​20 hectares with a total of 47 thousand seedlings," said Stevi.Another sustainability program is the utilization of nickel slag waste from the smelter of saprolite (high grade) nickel in the form of building materials, such as bricks, paving blocks, and roof tiles. This material has been used for the construction of factory and supporting facilities internally, as well as the building of one of the state-owned banks in the region. The use of these materials has obtained a permit from the Ministry of Environment and Forestry.Source: https://industri.kontan.co.id/news/golden-eagle-energy-smmt-bakal-kerek-produksi-batubara

MDKA to conclude Shelf-Registration Public Offering III of IDR 9 trillion
MDKA to conclude Shelf-Registration Public Offering III of IDR 9 trillion
02 Sep 2022, 07:21 AM 5351

PT Merdeka Copper Gold Tbk (MDKA), Saratoga Group’s mining company co-owned by Edwin Soeryadjaya and Sandiaga Uno, is gearing up towards the listing of bonds worth IDR 4 trillion today (2/9). Said bonds are the final instalment of the Shelf-Registration Public Offering III program, which was initiated on December 13, 2021, with a total worth of IDR 9 trillion.Based on the information disclosure in Indonesia Stock Exchange (IDX) yesterday (1/9), MDKA confirmed the Shelf-Registration Public Offering III Phase III worth IDR 4 trillion as the final phase of the Shelf-Registration Public Offering III program of IDR 9 trillion. MDKA had previously offered Shelf-Registration Bonds III Phase I of IDR 3 trillion and Phase II of IDR 2 trillion. This time, the Phase III of IDR 4 trillion was offered from August 26 to 29, 2022.The bonds were issued without drafts, in its full value, and split into three series. Series A bonds were offered for IDR 1.47 trillion with a fixed interest rate of 5.50% per year and a tenor of 367 days. The series B bonds were worth IDR 1.72 trillion with an annual fixed interest rate of 8.25% and three-years tenor. Lastly, the series C bonds were worth IDR 797.64 billion, equipped with a fixed interest rate of 9.50% per annum and a tenor of five years.The interest will be paid every three months, starting with the first round of payment on December 1, 2022. The final instalment, marking the final repayment of bonds, will be scheduled for September 8, 2023, for series A, September 1, 2025, for series B, and September 1, 2027, for series C.Source: https://www.idnfinancials.com/news/44165/mdka-conclude-shelf-registration-public-offering-iii-idr

Adaro Energy Contributes  USD1.21 Billion Government Coal Royalties
Adaro Energy Contributes USD1.21 Billion Government Coal Royalties
30 Aug 2022, 05:03 PM 5536

PT Adaro Energy Indonesia Tbk ( ADRO ) paid coal royalties to the Indonesian government of US$1.21 billion in the first half of 2022. This value increased sharply when compared to the same period in the previous year.Adaro Energy Indonesia 's President Director and Chief Executive Officer , Garibaldi Thohir, revealed that the increase in coal royalty payments from Adaro reached 315%, where in the first semester of 2021 the royalty paid was US$291 million. The increase was influenced by the increase in coal revenues."Royalties paid to the Government of Indonesia together with income tax expense in this period increased 315% to US$1,207 million from US$291 million due to an increase in revenue from coal thanks to the increase in ASP (average selling price)," Garibaldi Thohir explained , Tuesday. , August 30, 2022.For information, Adaro Energy managed to record a positive performance throughout the first half of this year. Adaro's net operating revenues grew 127% to US$3.54 billion in the first half of 2022. The company's EBITDA posted a record high of 269% to US$2.34 billion. Likewise with Adaro's net profit, the value increased sharply by 613% from US$189 million in H121 to US$1.35 billion in H122, the highest since Adaro's IPO 14 years ago."This is triggered by a combination of various factors that occurred in a short period of time, ranging from unpredictable weather which resulted in an increase in demand for our products, to supply shortages that have not been resolved due to heavy equipment procurement problems and bad weather in mining areas. global impact. The biggest impact is due to geopolitical risks from Europe," he continued. Source: https://wartaekonomi.co.id/read440097/bukan-kaleng-kaleng-royalti-batu-bara-yang-dibayar-adaro-energy-ke-pemerintah-meroket-315-jadi-us121-miliar

Antam and partners studies to develop the EV Battery project
Antam and partners studies to develop the EV Battery project
29 Aug 2022, 11:32 AM 5364

PT Aneka Tambang Tbk or Antam is still in the process of joint studies with partners, covering aspects of capacity, time, and location for the details of the EV Battery project to be developed. Antam's Corporate Secretary, Syarif Faisal Alkadrie, in his statement on Monday, said that the scope of projects carried out by Antam and its strategic partners includes nickel mining and nickel ore processing, which will then be used to produce battery raw materials, manufacture batteries, and recycle batteries."With these strategic steps, it is hoped that they can support the company's vision and mission in becoming a leading global corporation, increasing TKDN, and providing maximum benefits for the community," said Faisal.Antam also recorded Zero Fatality achievement on the implementation of OHS Principles during the first semester of 2022.He said the company continues to carry out its commitment to implement sustainable growth by implementing best practices in every line of operation, always being careful in looking at market opportunities, planning exploration activities aggressively, effectively. , and market-based."Antam's compliance with mining practices and good governance has been proven by the achievement of important milestones during 2022," he said.One of them is the recording of Zero Fatality achievements on the application of OHS Principles during the First Semester of 2022.Not only that, Antam received awards in the field of Corporate Governance, namely the BUMN Award and the IICD Corporate Governance Award. Antam also won awards in the field of Corporate Social Responsibility, namely the BCOMSS Award and the CSR & PDB Award.PT Aneka Tambang Tbk or Antam continues to innovate in running its business with a focus on increasing product value added, optimizing production and sales levels, as well as implementing appropriate and efficient cost management strategies, in maximizing yields from nickel, gold and bauxite commodities.In relation to the company's business development, in 2022, Antam has signed a power purchase agreement for the Ferronickel Smelter in Haltim with PLN, and signed a Memorandum of Understanding (MoU) with PLN for electricity supply at ANTAM's Ferronickel Plant in Pomalaa, Southeast Sulawesi using New and Renewable Energy (EBT) based power plants."In addition, we will also spin-off some nickel mining business segments to subsidiaries that have been approved by shareholders through the EGMS on August 23. Previously, we also signed cooperation with several strategic partners related to nickel downstreaming and industrial estate development. between Antam and CNGR," continued Faisal.Source: https://sultra.antaranews.com/berita/426821/pt-antam-studi-bersama-mitra-kembangkan-proyek-ev-battery

United Tractors (UNTR) Recorded a 117.32% Increase in Heavy Equipment Sales as of July 2022
United Tractors (UNTR) Recorded a 117.32% Increase in Heavy Equipment Sales as of July 2022
29 Aug 2022, 08:47 AM 5795

Sales of Komatsu heavy equipment owned by PT United Tractors Tbk ( UNTR ) are still growing steadily. During the first seven months of 2022,  this Kompas100 Index constituent recorded sales of 3,399 heavy equipment units.This figure is up 117.32% from the realization of sales in the same period last year which was only 1,564 units Sales were still dominated by the mining sector, which reached 62% of total sales, followed by the construction sector at 18%. Then, sales to the forestry sector are 11% and the agribusiness sector is 9% of total sales.-ADVERTISEMENT-In July 2022 alone, this subsidiary of PT Astra International Tbk ( ASII ) sold 526 units of heavy equipment. This number is up 11.20% from sales in June 2022 of 473 Komatsu units. When compared to the same period last year, sales in July 2022 rose 159.11%, where sales in July 2021 only reached 203 units.Previously, UNTR decided to raise Komatsu's sales target for heavy equipment this year. UNTR increased sales to 4,800 units from the previous 3,700 units. United Tractors Corporate Secretary Sara K. Loebis said the upward revision of the target was based on the results of discussions with the principal and also the results of market analysis. "We have adjusted our sales projections while still monitoring market movements until the end of the year," said Sara. Sara said that the ability of producers/principals to produce tools certainly cannot be accelerated quickly, but gradually. "That's why our projections need to be adjusted to the principal's ability," he continued.This means, in the first seven months of 2022, UNTR has realized 70.8% of this year's heavy equipment sales target.Meanwhile, UNTR has used capital expenditure or capital expenditure (capex) of IDR 3.1 trillion until the first half of this year. The capex absorption is equivalent to US$ 209 million of the total capital expenditure prepared for this year of US$ 750 million-US$ 800 million.BRI analyst Danareksa Sekuritas Ignatius Teguh Prayoga said demand for heavy equipment remains solid, but there is a backlog from the supply side . Given the solid demand for heavy equipment, Prayoga assesses that an upward revision of the sales target is still possible if the supply side recovers.Recently, UNTR through PT Energia Prima Nusantara or EPN officially added its share ownership in PT Arkora Hydro Tbk (ARKO), the operator of the Mini Hydro Power Plant (PLTM). The total value of the purchase transaction reached Rp 176.5 billion, so that the total ownership of the Astra Group through UNTR in ARKO increased to 31.49%.BRI Danareksa Sekuritas assesses that the investment value per potential relative capacity made by UNTR is relatively cheap at US$ 1.77 million per megawatt (MW) compared to the PLTM guidelines provided by the Ministry of Energy and Mineral Resources of US$ 2 million per MW. BRI Danareksa Sekuritas maintains a buy recommendation with a target price of Rp 39,500 from the previous Rp 34,000.Meanwhile, NH Korindo Sekuritas Indonesia analyst Arief Machrus recommends buying UNTR shares with a target price of Rp 38,000. NH Korindo Sekuritas sees the increase in consumer companies' energy commodity production targets will keep the demand for UNTR heavy equipment high.Source: https://industri.kontan.co.id/news/united-tractors-untr-catat-kenaikan-penjualan-alat-berat-11732-per-juli-2022

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