Indonesia Miner
Welcome to Indonesia Miner

News
07 Sep 2022, 09:28 AM

Coal Production Reached 436.82 Million Tons, 65.89 Percent of Target

www.inews.id
1366 Views
The Ministry of Energy and Mineral Resources (ESDM) said that Indonesia's daily coal production until September 2022 reached 436.82 million tons or 65.89 percent of the target of 663 million tons. Meanwhile, the realization of coal sales has reached 290.50 million tons.The realization of Indonesian coal production is listed in the Modi of the Ministry of Energy and Mineral Resources . Among the sales realization, namely, the sale of Domestic Market Obligation (DMO) obligations has reached 54.03 million tons. Then exports reached 168.18 million tons and domestic sales reached 123.09 million tons.Special Staff of the Minister of Energy and Mineral Resources for the Acceleration of Mineral and Coal Governance, Irwandy Arif said, Non-Tax State Revenue ( PNBP ) from the mineral and coal mining sector until September 2022 reached Rp130 ​​trillion. He added that Indonesia is blessed with abundant resources. At least there are currently thousands of Mining Business Permits (IUP) and Special Mining Business Permits (IUPK) as well as 60 mining companies holding Coal Mining Concession Work Agreements (PKP2B) operating in Indonesia. "State revenue in the mining sector in September 2022 will be around Rp. 130 trillion," said Irwandy in a virtual discussion, quoted on Tuesday (7/9/2022).Irwandy explained that natural resource management can be carried out optimally to boost the country's economy. Especially without sacrificing the social, economic and cultural aspects of the community. According to him, natural resources must be maintained and utilized optimally. Especially for the survival of today's citizens without compromising the needs of future generations. In carrying out mining activities, every company must be able to carry out good mining practices as well as good mining standard rules for all mining activities.Source: https://www.inews.id/finance/bisnis/produksi-batu-bara-ri-tembus-43682-juta-ton-capai-6589-persen-dari-target/2
News
06 Sep 2022, 12:45 PM

BUMI Talks about the Future of Coal: Still Promising

www.cnbcindonesia.com
1494 Views
Coal is still the prima donna for the world's energy needs and for pumping the economy to industry. With the need for energy that continues to increase every year, coal still plays an important role and is considered to be able to continue to grow.Director of PT Bumi Resources Tbk (BUMI) Dileep Srivastava said that even though it was needed, there were still many misunderstandings about coal. Now the demand for black gold is soaring and is accompanied by a fantastic price increase. "This is an industry that is often misunderstood and requires a lot of support, whether from the government, investors, or institutional banks, considering this is a situation when it's just entering the post-pandemic era and trying to develop the economy," Dileep told CNBC Indonesia recently.Coal is still the prima donna for the world's energy needs and for pumping the economy to industry. With the need for energy that continues to increase every year, coal still plays an important role and is considered to be able to continue to grow.Director of PT Bumi Resources Tbk (BUMI) Dileep Srivastava said that even though it was needed, there were still many misunderstandings about coal. Now the demand for black gold is soaring and is accompanied by a fantastic price increase. "This is an industry that is often misunderstood and requires a lot of support, whether from the government, investors, or institutional banks, considering this is a situation when it's just entering the post-pandemic era and trying to develop the economy," Dileep told CNBC Indonesia recently.Coal is still the prima donna for the world's energy needs and for pumping the economy to industry. With the need for energy that continues to increase every year, coal still plays an important role and is considered to be able to continue to grow. Director of PT Bumi Resources Tbk (BUMI) Dileep Srivastava said that even though it was needed, there were still many misunderstandings about coal. Now the demand for black gold is soaring and is accompanied by a fantastic price increase."This is an industry that is often misunderstood and requires a lot of support, whether from the government, investors, or institutional banks, considering this is a situation when it's just entering the post-pandemic era and trying to develop the economy," Dileep told CNBC Indonesia recently.Source: https://www.cnbcindonesia.com/market/20220906163959-17-369789/bumi-bicara-masa-depan-bisnis-batu-bara-masih-menjanjikan
News
06 Sep 2022, 12:13 PM

Golden Eagle Energy (SMMT) Will increase Coal Production

www.industri.kontan.co.id
1458 Views
PT Golden Eagle Energy Tbk ( SMMT ) will increase coal production for the second half of this year.SMMT Corporate Secretary Susanti Nilam explained that the planned production increase was carried out in line with the positive performance that was successfully recorded by Golden Eagle Energy in the first semester of 2022."The production in the first half was around 1.5 million tons. The company managed to exceed the production target set at the beginning of the year, especially the Sumatra mine which managed to record production of around 1.2 million tons in the first semester of 2022," Susanti explained to Kontan.co.id , Tuesday (6/9).Susanti continued, with this production score, SMMT is also optimistic that production in the second half of 2022 will match the achievement in the first half of this year. This means that this year's coal production target is 3 million tons. For this reason, SMMT has also submitted a revision of the 2022 Work Plan and Budget (RKAB) to increase the amount of production.Kontan.co.id noted that SMMT targets coal production to reach 2.4 million tons this year. Meanwhile, in the revised RKAB that has been proposed, SMMT targets a production increase of at least 35% from the initial target. Susanti explained, in the rest of this year, Golden Eagle is still anticipating the impact of high rainfall in production activities."SMMT also anticipates a surge in production costs, especially due to the high price of diesel fuel to date and also the increase in royalty rates to the government which will be effective in September 2022," Susanti explained.Referring to the company's financial report, SMMT posted sales of Rp 474.69 billion in the first semester of 2022. This achievement jumped 162.43% on an annual basis from the achievement of the same period in the previous year of Rp 180.87 billion.Meanwhile, SMMT's net profit in the first semester of 2022 was recorded at Rp 189 billion, or an annual increase of 328.77% compared to the same period in the previous year of Rp 44.08 billion.Source:https://industri.kontan.co.id/news/golden-eagle-energy-smmt-bakal-kerek-produksi-batubara
News
06 Sep 2022, 08:38 AM

Building HPAL Plant, Eramet Aims for New Mine Exploration

www.tambang.co.id
3052 Views
French mining and metallurgical company Eramet will build a smelter for electric vehicle batteries at the Sonic Bay Project, located in Halmahera, North Maluku. The project, which is in partnership with the German chemical company BASF, plans to adopt High Pressure Acid Leaching (HPAL) technology.CEO of PT Eramet Indonesia Mining, Bruno Faour, explained that in addition to focusing on the HPAL project, his party is also aiming to invest in exploring new mining areas or green fields in Indonesia. According to him, Indonesia is a major player in the mining sector in the world, and is one of the largest countries in the extractive sector."In the future we will develop investment in Indonesia. We partnered with BASF to build HPAL to supply the electric vehicle industry. We also see opportunities, we are looking for several potential exploration targets," said Faour in Jakarta, Tuesday (6/9).So far, Eramet has a business portfolio in Indonesia through PT Weda Bay Nickel (WBN), in collaboration with PT Antam Tbk and Tsingshan Group. Eramet started exploration in Halmahera with Antam in 2006. Then in 2017, conducted a joint venture with Tsingshan.During WBN's journey, Eramet was recorded to have disbursed an investment of USD 300 million from 2006 to 2015. The investment was for exploration, development studies, and community development in North Maluku. “Eramet has invested in the mining sector since 2006, and has developed a nickel mine in Weda Bay. We partner with Tsingshan and Antam,” explained Faour.As for the Sonic Bay Project, which adopts HPAL technology, it is targeted to complete licensing matters and reach a final investment decision this year. Then, enter the construction phase next year. Projections for production operations are announced in 2025. Its production capacity is estimated at 67 thousand tons of nickel and 7,500 tons of cobalt per year. The investment value is estimated at USD 2.2 billion to 2.6 billionSource: https://www.tambang.co.id/bakal-bangun-hpal-eramet-bidik-eksplorasi-tambang-baru
News
06 Sep 2022, 08:19 AM

Vale Indonesia Inks $2.1b Ferronickel Project Deal with China's Baowu Steel

www.jakartaglobe.id
1560 Views
Listed miner Vale Indonesia, one of the country's largest nickel producers, said on Tuesday it had signed an investment agreement with China's Shandong Xinhai Technology, a unit of Baowu Steel Group, to develop a ferronickel processing plant in Sulawesi. The plant would cost around $2.1 billion and have the capacity to produce ferronickel with 73,000 to 80,000 tons of nickel content a year at Bahodopi in Morowali, Central Sulawesi.Febriany Eddy, Vale Indonesia's chief executive officer (CEO), expected the new plant construction would finish in 2025 at the latest. Under the agreement, Vale and Shandong Xinhai would establish a new joint venture (JV) with the former controlling 49 percent, Bernardus Irmanto, the Vale Indonesia's finance director, said. Taiyuan Iron & Steel (Tisco), a Shandong Xinhai's and Baowu's subsidiary, would together control the reminder 51 percent.He noted that the partners were also discussing the possibility of adding a stainless steel plant in the future. Wang Wenlong, Shandong Xinhai chairman, said the Bahodopi project would be Indonesia's first nickel plant to be powered by liquefied natural gas.In Pomalaa, another area on Sulawesi Island, Vale and its partners are developing a plant to produce 120,000 tonnes per year of mixed hydroxide deposits, a material extracted from nickel ore to be used in batteries for electric vehicles (EVs).Vale Indonesia controls the Sorowako mine, Indonesia's largest nickel mine, located in South Sulawesi. The mine produced 71.600 metric tons of nickel in 2020, according to the GlobalData mining database. Vale Indonesia said with the installed facility today, the mine could operate until 2045.Source: https://jakartaglobe.id/business/vale-indonesia-inks-21b-ferronickel-project-deal-with-chinas-baowu-steel
News
05 Sep 2022, 17:39 PM

ABM Investama (ABMM) Targets Acquisition of 30% of Golden Energy Shares to Be Completed

www.industri.kontan.co.id
1446 Views
PT ABM Investama Tbk ( ABMM ) targets the acquisition of 30% of PT Golden Energy Mines Tbk ( GEMS ) shares to be completed next week."We are targeting that next week we will complete it entirely," said Director of PT ABM Investama Tbk Adrian Erlangga to Kontan.co.id, Monday (5/9). Adrian continued, one of the considerations for the acquisition is the long-term cooperation that has been carried out with GEMS so far.In addition, ABMM is noted to have an end- to-end integrated supporting business . With the acquisition of GEMS shares, it is hoped that performance improvements can be realized. "We got a mine-life contract for all of our operational areas," explained Adrian.Adrian has not been able to specify how much performance improvement can be obtained after this acquisition. It is clear that the increase in GEMS production is believed to be able to boost ABMM's performance. Adrian continued, for this year his party will not carry out other corporate actions. However, for the coming years, ABMM still opens opportunities for corporate action in the non-coal mining sector.Kontan noted that ABMM through its subsidiary PT Radhika Jananta Raya (RJR) realized the purchase of a 30% stake in PT Golden Energy Mines Tbk (GEMS) with a value of US$ 420 million. Source: https://industri.kontan.co.id/news/abm-investama-abmm-targetkan-akuisisi-30-saham-golden-energy-tuntas-pekan-depan
News
02 Sep 2022, 17:35 PM

Harita Nickel Capable of Fulfilling 1.5 Million Electric Vehicle Batteries This Year

www.industri.kontan.co.id
2059 Views
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
News
02 Sep 2022, 07:21 AM

MDKA to conclude Shelf-Registration Public Offering III of IDR 9 trillion

www.idnfinancials.com
1577 Views
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

Advertisement

Hello! We would like to talk to you.Please fill the details below to start chatting with us.