Vale and Huayou Visited Pomalaa Blocks to Ensure Project Operations Immediately
Vale and Huayou Visited Pomalaa Blocks to Ensure Project Operations Immediately
12 Jun 2022, 10:10 AM 6821

The development of the project in the Pomalaa Block has received serious attention from the management of PT Vale Indonesia Tbk (PT Vale) and its partner Zhejiang Huayou Cobalt Company Limited (Huayou). For two days, from Wednesday to Thursday (9/6/), the Chairman of Zhejiang Huayou Cobalt Company Limited Chen Xuehua (Chairman Chen) together with the CEO of PT Vale, Febriany Eddy met with the Regent of Kolaka, Ahmad Safei to ensure that the project would immediately start operating.Chairman Chen and his entourage specifically flew from Zhejiang, China, and landed in Kolaka, Southeast Sulawesi. They visited project sites including ports, mining areas, and the planned HPAL Plant area.During this visit, PT Vale and Huayou reaffirmed their commitment and solidity, so that the project in the Pomalaa Block can be realized immediately, and operate in the spirit of sustainability. "The project in Pomalaa is not 'will be' but 'is' in the construction stage," said Febrianny in his statement, Monday (13/6). The Regent of Kolaka, Ahmad Safei hopes that the project will start operating soon so that local people can be assigned as workers. "PT Vale is expected to realize the factory in Kolaka more quickly. With the establishment of the factory, it will empower local communities so that unemployment and poverty can be reduced," said Safei."If PT Vale needs assistance, the Kolaka Regency Government is ready to help in accordance with its authority," he added. Chairman Chen also stated the same thing. According to him, PT Vale has succeeded in cooperating with the local community in accelerating the completion of this project.“We see a good collaboration, a good collaboration between Vale and the surrounding community, so we will also feel calmer.” Meanwhile, Huayou VP Gao Baojun said that investing in the Pomalaa block was the best decision. He hopes that this project has optimal Environmental, Social, and Governance (ESG) aspects.“After a direct visit to the Pomalaa Block, Huayou is increasingly optimistic that investing in Pomalaa is a good decision, and this project is one of the best for Huayou. During the implementation of the (Project) later, related to the implementation of the ESG component and also for the social and communication section, cooperation from Vale is also needed to jointly realize better ESG performance," he explained.As INFORMATION, the agreement between PT Vale Indonesia began with the signing of the cooperation framework with Huayou on April 27, 2022. In the framework of the cooperation, Huayou will build a High Pressure Acid Leach (HPAL) factory with technology and processes according to world-class standards.Meanwhile, PT Vale Indonesia plays a role in mining nickel in the form of limonite ore and low grade saprolite ore. The HPAL operation in the Pomalaa Block targets a production capacity of up to 120,000 metric tons of Nickel per year.PT Vale and Huayou agreed to cooperate with a low-carbon scheme. Both are committed to not using coal as a raw material for power generation at all. In other words, PT Vale and Huayou will look for alternative energy sources that are more environmentally friendly to minimize the carbon footprint of mining operations in this region. Source: https://www.tambang.co.id/kunjunggi-blok-pomalaa-vale-dan-huayou-pastikan-proyek-segera-beroperasi

Nam Salu Open Pit Geosite to be introduced to G20 delegates: official
Nam Salu Open Pit Geosite to be introduced to G20 delegates: official
12 Jun 2022, 09:45 AM 5764

The East Belitung District Government, Bangka Belitung Islands, will introduce the Nam Salu Open Pit Geosite, a historic tin ore mining tourism site to the delegates of Indonesia's G20 Presidency in 2022. "East Belitung is included as the destination for G20 delegates, so we focus on introducing historical mining attraction," the East Belitung Regional Secretary, Ikhwan Fahrozi, said in Manggar, Sunday.Fahrozi explained, based on the schedule he received, the G20 delegates' meeting in East Belitung, known as the Rainbow Troops Land, will last for three days. "The schedule we received says the G20 agenda in East Belitung is only three days, but that can change. What is certain is we are also involved as hosts in this international event," he said.Moreover, Fahrozi said, the local government is more focused on promoting the tin ore or cassiterite mining tourist destination, which is considered to have an important history. "Looking at the historical traces, the Nam Salu Open Pit Geosite is the deepest and largest open-pit tin mining tourist destination in Southeast Asia, which is about 100 meters," he explained.The geological site, which is located in Senyubok Village, Kelapa Kampit Sub-District, East Belitung, was operated from 1980 to 1993 and had produced 500 thousand tons of tin ore with 2-percent grade. "This is the largest primary tin ore deposit in a single mine ever discovered," Fahrozi said. Meanwhile, the East Belitung Tourism and Culture Office has prepared booklets for the G20 delegates."In September 2022, we will also hold the Jelajah Pesona Jalur Rempah or the "Explore the Spice Route" activity to welcome G20 guests," Secretary of the East Belitung Tourism and Culture Office Hendri informed. In addition, Hendri said, the geological museum will also be revamped to make it more worth visiting because it is located close to the geosite.Source: https://en.antaranews.com/news/233853/nam-salu-open-pit-geosite-to-be-introduced-to-g20-delegates-official

Merdeka Copper Prepares USD 390 Million Capex until Mid 2023
Merdeka Copper Prepares USD 390 Million Capex until Mid 2023
10 Jun 2022, 09:12 AM 6521

This year is the momentum for PTMerdeka CopperGold Tbk (MDKA) boost performance. The company has prepared a capital expenditure (capex) of USD 390 million until mid-2023 to finance a number of projects."We are preparing the required capex for existing operations . Regarding investment projects, we estimate that we will invest USD 50 billion for feasibility studies and start drilling for gold mines during 2022," said MDKA Director David Thomas Fowler in a public expose, Friday (10/6).MDKA currently has several main assets, namely the Tujuh Bukit Copper Project, the Nickel Mining and Refining Asset Project, the Pani Gold Project, and the Wetar Acid Iron Metal Project in Morowali.Other assets in the form ofMineGoldSeven Hills, Wetar Copper Mine. The Tujuh Bukit Copper Project is one of the world's top undeveloped gold and copper mineral resources, containing approximately 8.2 million tonnes of copper and 28.6 million ounces of gold.PT Bumi Suksesindo Seven Hill gold mine area, a subsidiary of PT Merdeka Copper Gold Tbk (MDKA) in Banyuwangi, East Java, Monday (23/7/2018) Photo: Ema Fitriyani/kumparan"At the Tujuh Bukit Gold Mine, gold production in 2022 is expected to be in the range of 100k to 120k gold ounces with an AISC of USD 1,000 to USD 1,100 per ounce gold," said MDKA Deputy Director Simon James Milroy.During the first quarter of 2022, the company has successfully acquired 50 percent ownership of Lion Selection Asia Limited (LSA) in PT Pani Bersama Jaya (PBJ), which has increased MDKA's economic ownership in the Pani Gold Project to 70 percent.MDKA has also completed the acquisition of a 55.67 percent stake in PT Hamparan Logistik Nusantara through its subsidiary, PT Batutua Tembaga Abadi. HLN has acquired a nickel mining project with the world's largest nickel ore reserves and operating nickel refining assets.Source: https://kumparan.com/kumparanbisnis/merdeka-copper-siapkan-capex-usd-390-juta-hingga-pertengahan-2023-1yFKEk0WkEK/full

Kapuas Prima Coal (ZINC) Intensify Production of First Lead Smelter in Indonesia
Kapuas Prima Coal (ZINC) Intensify Production of First Lead Smelter in Indonesia
10 Jun 2022, 08:02 AM 8263

PT Kapuas Prima Coal Tbk ( ZINC ), a listed base metal producer in Indonesia, continues to intensify lead smelter production, which has been trialled since early 2022. This is one of ZINC's efforts to support the mineral downstream process set by the Government.Previously, the Government had started to implement export ban regulations for certain mineral commodities that did not meet the purification level. Therefore, business actors in the mining sector are required to immediately complete the smelter project within the given time limit in order to continue to receive an export quota.ZINC as one of the issuers that produces metallic minerals ranging from lead, zinc and iron ore, continues to carry out various efforts to realize the regulations made by the Government. Where, ZINC has completed the construction of one of the smelters, namely the lead smelter, and has started commercial operations in early June 2022.In addition, ZINC is currently pursuing the completion of a zinc smelter which is targeted to be completed in the second quarter of 2023. Evelyn Kioe, as Director of ZINC, expressed her gratitude because this year she was able to complete one of the lead smelters in Central Kalimantan."Despite being constrained by Covid-19, at the beginning of this year we finally started to test production and in May 2022, the lead smelter has been verified 100% by PT Surveyor Indonesia and PT Kapuas Prima Citra officially operating commercially. As the first lead smelter and the only one in Indonesia, we target this year the lead smelter can produce up to 8,000 tons of lead bullion (Pb), with a sales target of the smelter reaching USD 29 million," he said in an official statement received by Kontan, Friday (10/6).Meanwhile, for the ZINC zinc smelter, currently the construction process has reached around 85%. Later, the smelter is targeted to produce up to 30,000 tons of ingots per year. The existence of the Company's zinc smelter is expected to help meet the demand for zinc commodities in the country, where until now this commodity is still 100% imported.On the other hand, until the first quarter of 2022, ZINC recorded sales of Rp. 204.5 billion. ZINC's revenue in the first quarter of 2022 was still dominated by sales of zinc (Zn) commodities with a contribution of IDR 95.1 billion, while sales of lead (Pb) commodities reached IDR 31.6 billion. ZINC's revenue also came from sales of silver commodities amounting to Rp39.2 billion, as well as sales of iron concentrate which was recorded at Rp38.6 billion."We are optimistic that, with the economy starting to recover and Covid-19 increasingly under control, ZINC can continue its good performance growth until the end of 2022. Supported by commodity prices that are still stable, we are optimistic that we can achieve our sales target of up to IDR 1.2 trillion by 2020. 2022," Evelyne concluded.Source: https://industri.kontan.co.id/news/kapuas-prima-coal-zinc-gencarkan-produksi-smelter-timbal-pertama-di-indonesia

Agincourt Resources Preserving the Environment
Agincourt Resources Preserving the Environment
08 Jun 2022, 10:10 AM 5220

PT Agincourt Resources (PTAR), the manager of the Martabe gold mine , confirmed its commitment to preserving the environment, through the planting of 200 tree seedlings with the local government and community leaders, centered at SMKN 2 Mining Batangtoru, South Tapanuli Regency, Sumatra. North, Monday (6/6/2022). The tree planting activity was also accompanied by the delivery of 1,200 tree seedlings to communities around the Batangtoru and Muara Batangtoru mines.General Manager Operations of PT Agincourt Resources (PTAR) Rahmat Lubis, said that nature conservation is a series of efforts to protect the ability of the environment against the impacts of climate change. "It is our collective responsibility to protect it," he said in a written statement on Wednesday (8/6/2022).The action of PT Agincourt Resources was carried out in commemoration of World Environment Day 2022 with the theme "Only One Earth" which was declared by the United Nations Environment Program (UNEP). This theme is an appeal to preserve the earth for a shared future while at the same time highlighting the need for sustainable living in harmony with nature.Meanwhile, the Ministry of Environment and Forestry (KLHK) has decided to use the theme “One Earth for the Future.”To date, PT Agincourt Resources has planted more than 41,000 tree seedlings. In the PTAR nursery facilities, more than 5,000 local plant seeds have also been prepared."PT Agincourt Resources is committed to managing the environment and biodiversity in accordance with good mining principles, we are also working with several universities in the fields of education, science, research, and biodiversity conservation," said Rahmat.The universities in question include the Bogor Agricultural Institute (IPB), National University (Unas), North Sumatra University (USU), South Tapanuli Muhammadiyah University (UMTS), and Aufa Royhan University (UNAR) in Padangsidimpuan.In collaboration with the university, a number of activities have been held, including a survey of the composition and diversity of flora and fauna at the planned location of the Martabe Gold Mine development. In addition, pre-land clearing fauna inspection training was held with forestry experts from the USU Faculty of Forestry.The Regent of South Tapanuli, Dolly Pasaribu, emphasized that Environment Day is a reminder for all parties to be jointly responsible for preserving the environment. He gave his appreciation for the movement in society that aims to create a sustainable environment in South Tapanuli."We appreciate the commitment of PT Agincourt Resources (PTAR) as a mining company that shows its commitment to maintaining environmental sustainability," said Dolly.

Mitrabara (MBAP) Ready to Deposit IDR 641.8 Billion
Mitrabara (MBAP) Ready to Deposit IDR 641.8 Billion
07 Jun 2022, 07:43 AM 5174

Dividend season has arrived. Not to forget, PT Mitrabara Adiperdana Tbk (MBAP) will also distribute cash dividends worth a total of Rp 641.86 billion or Rp 523 per share. This was approved at the company's Annual General Meeting of Shareholders (AGMS), Tuesday (7/6/2022)."The AGM approved the use of the company's net profit obtained in 2021. Approved or ratified the distribution of dividends that had been carried out on October 15, 2021. Approved the plan to provide cash dividends for the financial year ending December 31, 2021," explained the Corporate Secretary Mitrabara Adiperdana Chandra Lautan to Investor Daily , Tuesday (7/6/2022).Throughout 2021, Mitrabara generated a net profit of US$ 100.56 million, up 266% compared to the previous year which was US$ 27.46 million. This profit came from revenues of US$ 309.84 million last year, which rose 53.99% from the previous year which was US$ 201.21 million.The operating profit margin in 2021 will reach 41.52%, an increase compared to 2020 which was 18.14%. Management explained that the increase was due to the Reference Coal Price (HBA) which reached US$ 215.01 per metric ton in November 2021, then closed at US$ 159.79 per metric ton in December 2021."The December 2021 HBA has increased by 167.88% compared to December 2020 which was at a position of US$ 59.65 per metric ton," explained the management. Meanwhile, for the first quarter of 2022, MBAP recorded a net profit of US$ 44.57 million, an increase of 204.98% compared to the first quarter of 2021 which was US$ 14.61 million. The increase was still obtained by the company, even though during that period there was a ban on exports, to be precise in January 2022.This is because the sales target for MBAP in the first quarter of 2022 is dominated by domestic markets with a portion reaching 32%, followed by South Korea with 26% and China with 22%. Whereas in the previous year, the majority of MBAP sales were aimed at China up to 45%, followed by South Korea at 20%. Coal sales to Indonesia are only 6% throughout 2021.However, the sale of the majority of coal to the domestic market did not erode the company's revenue and profit because the HBA applicable in the country also increased. "HBA has increased since early 2022, recorded at US$ 158.5 per metric ton in January 2022 and then continued to increase to US$ 203.69 per metric ton in March 2022," Chandra explained.This year, MBAP plans to produce 3.75 million tons of coal, a slight decrease compared to the production realization in 2021 which was 3.91 million tons. MBAP Director Syadaruddin said, as of March 31, 2022, the company had produced around 1.01 million tons of coal. “Our sales are more or less the same as coal production. For the revenue and net profit targets, considering that the price of coal is a commodity whose price is influenced by the market, the company has not been able to provide this information," said Chandra. (C02)Source: https://investor.id/market-and-corporate/296074/musim-dividen-telah-tiba-mitrabara-mbap-siap-setor-rp-6418-miliar

MNC Energy (IATA) Proven Coal Reserves from 4 IUPs Increase to 201.32 Million MT
MNC Energy (IATA) Proven Coal Reserves from 4 IUPs Increase to 201.32 Million MT
30 May 2022, 10:12 AM 6117

The coal mine owned by PT MNC Energy Investments Tbk ( IATA ) has found additional reserves. Proven coal reserves from the 4 Mining Business Permits (IUP) owned by IATA increased to 201.32 million MT from the previous 158.68 million MT. According to the Indonesian Mineral Reserves Committee (KCMI), one of the IUPs recently acquired by IATA, PT Arthaco Prima Energy (APE) managed to find additional reserves of 37 million MT with a GAR of 2,500 – 3,250 kg/kcal in the APE drilling program Phases 1 and 2 on an area of ​​660 Ha, of the total area that can be explored is 15,000 Ha.IATA is also drilling for another IUP, PT Indonesia Batu Prima Energi (IBPE), and KCMI reported discovery of reserves for IBPE Phase 1 of 6.22 million MT with a GAR of 3,375 kg/kcal in an area of ​​960 Ha, of the total area that can be explored. an area of ​​15,000 ha. The other IUP coal reserves are PT Bhumi Sriwijaya Perdana Coal-N (BSPC-N) of 83.27 million MT and Putra Muda Coal (PMC) of 76.9 million MT. In total, the proven coal reserves from these 4 IUPs amounted to 201.32 million MT, an increase from the previous 158.68 million.  IATA management in the disclosure of information on the Indonesia Stock Exchange (IDX) on May 30, 2022 explained, using the average price of HBA coal from 2021 to May 2022, the mining activities of Arthaco Prima Energy and Indonesia Batu Prima Energi will generate a Net Present Value (NPV). ) of US$ 220.4 million and US$ 34.9 million, respectively, with an Internal Rate of Return (IRR) of 55.2% and 59.5%, Break-Even Point (BEP) of 7.29 million MT and 1.94 million MT, as well as Payback Period of 2.06 years and 1.54 years, respectively.The discovery of coal reserves and resources, admitted by IATA management, will continue to increase because the drilling of Arthaco Prima Energy and Indonesia Batu Prima Energi which is currently being carried out collectively, has not reached 15% of the total area that can be mined.  APE's Phase 3 drilling is scheduled for completion this quarter, while Phase 4 drilling is scheduled to be completed by the middle of the following quarter.Arthaco Prima Energy and Indonesia Batu Prima Energi each have an operating IUP of 15,000 hectares in Musi Banyuasin, South Sumatra. The APE mining site is only 12.5 km from the river and about 108 km to the transhipment area at Tanjung Buyut Port.  Meanwhile, the IBPE mining location is 5 km from the port and has the same distance of 108 km to the transshipment area at the Tanjung Buyut port. Both APE and IBPE are targeted to start production this year.Currently, other IUPs owned by IATA are PT Bhumi Sriwijaya Perdana Coal – South (BSPC-S), PT Primaraya Energi (PE), PT Titan Prawira Sriwijaya (TPS), PT Sriwijaya Energi Persada (SEP), and PT Energi Inti Bara Pratama. (EIBP) is said to still need further drilling.  Meanwhile, IATA management revealed that drilling activities are still ongoing and proven reserves will continue to grow if exploration results show new coal findings. IATA estimates that coal reserves for all IUPs are at least 600 million MT.Source: https://industri.kontan.co.id/news/cadangan-batubara-terbukti-mnc-energy-iata-dari-4-iup-naik-jadi-20132-juta-mt

Adaro Energy's (ADRO) Strategy to Secure Heavy Equipment Needs
Adaro Energy's (ADRO) Strategy to Secure Heavy Equipment Needs
29 May 2022, 06:12 PM 5274

PT Adaro Energy Indonesia Tbk (ADRO) has prepared a strategy to secure the need for heavy equipment in the company's operations.   ADRO's Head of Corporate Communication , Febriati Nadira said, ADRO performs regular heavy equipment upgrades and manages operations strategically to optimize the use of heavy equipment and increase operating productivity.This step is one of ADRO's strategies in securing the need for heavy equipment to support the company's operational activities. "As we did in 2021, we managed to maintain a 93% physical availability rate for the equipment, above standard operational parameters," said Nadira to Kontan.co.id (27/5).A little information, currently the demand for heavy equipment is high. This is illustrated, for example, by the disparity between the national production figures for heavy equipment and the existing demand. In an interview with Kontan.co.id some time ago, the General Chair of the Indonesian Heavy Equipment Industry Association (Hinabi), Jamalludin revealed that the national demand for heavy equipment in Indonesia is around 17,000 units per year. Meanwhile, domestic production is at the level of 10,000 units per year. "Meanwhile, there is currently no additional production capacity considering the significant fluctuation (demand) for heavy equipment," he said. This year, ADRO targets a production target of 58 million - 60 million tons of coal with a stripping ratio of 4.1x in 2022. With this target, ADRO targets income before interest, taxes, depreciation, and amortization aka Earning Before Interest, Taxes, Depreciation, and Operational amortization (EBITDA) of US$ 1.9 billion – US$ 2.2 billion.During the first quarter of this year, ADRO's total coal production volume has reached 12.15 million tons, down 6% compared to the realization in the first quarter of 2021. Meanwhile, ADRO's coal sales volume reached 12.20 million tons in the first quarter of 2022, down 3% compared to the realization in the first quarter of 2021.Despite recording a decrease in volume, ADRO's turnover grew to double digits in the first three months of this year. Citing the company's interim financial report, ADRO's operating income in the first quarter of 2022 reached US$ 1.22 billion in the first quarter of 2022. This number increased 76.98 percent compared to ADRO's realized operating income in the first quarter of 2021 which amounted to US$ 691.97 million.In line with rising revenues, profit for the period attributable to owners of the parent entity, aka ADRI's net profit, skyrocketed 457.61 percent year-on-year (yoy) from US$ 71.74 million in the first quarter of 2021 to US$ 400.07 million in the first quarter of 2022.Source: https://industri.kontan.co.id/news/jaga-kinerja-begini-strategi-adaro-energy-adro-amankan-kebutuhan-alat-berat

Pertamina Lubricants Encourages Innovation to Help Pursue Coal Production Targets in Indonesia
Pertamina Lubricants Encourages Innovation to Help Pursue Coal Production Targets in Indonesia
24 May 2022, 05:02 PM 5243

PT Pertamina Lubricants (PTPL), a subsidiary of PT Pertamina Patra Niaga Sub Holding Commercial & Trading Pertamina continues to innovate in line with the development of world machine technology. This is done to support coal production targets in Indonesia.  Nugroho Setyo Utomo, VP Sales & Marketing Domestic Industry PTPL said, with a coal production target in Indonesia of 663 million tons, of which around 498 million tons are allocated for the global coal market, PTPL is ready to support and contribute to this achievement through lubricant products that prime and the right lubrication solution.Nugroho said, Pertamina Lubricants, as the market leader in the lubricant industry in Indonesia, is committed to continuing to support the need for world-quality lubricants and guaranteed reliability with international standards for the coal industry.  "For more than 60 years, Pertamina's lubricants have consistently answered the various challenges of the industry in Indonesia by providing innovative industrial lubricant products adapted to the latest developments in engine technology through rigorous research, development and product testing," he said in an official statement, Tuesday (05/18/2019). 24/5).He emphasized that PTPL consistently presents industrial lubricant product innovations that encourage productivity and operational efficiency in the use of machines and heavy equipment such as Meditran & Meditran sx series, turalik, rored HDA series, and grease products. Not only that, PTPL produces industrial lubricant products with world standard quality and with approval and certification from world engine manufacturers.PTPL also provides after-sales service that prioritizes complete technical support and guaranteed quality and quality. This includes conducting studies on efficiency efforts, in-house training for consumers, and periodic visits by sales and field engineers to discuss lubrication problems and being responsible for providing direct assistance to consumers in the field.This is one of the supporting factors to ensure that industrial and heavy equipment operations work optimally which can increase the machine's life cycle in an effort to reduce maintenance costs and spare parts replacement so that productivity becomes more efficient. “Currently, the industrial sector needs to increase engine life cycles in an effort to increase efficiency. This can be realized with the support of appropriate and reliable industrial lubricant products," he continued.Apart from innovating, Pertamina Lubricant also supports one of the national coal conferences, namely the Indonesia Coal Mining Outlook (COC) 2022 which was organized by CoalMetalAsia Magazine and Petromindo.com on 18-19 May 2022 at the JW Marriott Hotel, Jakarta. This conference presents various speakers and invites coal industry players to come, gather and discuss with each other about the prospects for the global coal industry, supply and demand, as well as trade flows for the coal market prospects in China, India, ASEAN, Japan, Korea. South, and Taiwan, in addition to meeting the demand for domestic coal supply. Source: https://industri.kontan.co.id/news/pertamina-lubricants-dorong-inovasi-bantu-kejar-target-produksi-batubara-di-indonesia

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