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30 Aug 2022, 17:03 PM

Adaro Energy Contributes USD1.21 Billion Government Coal Royalties
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:
29 Aug 2022, 11:32 AM

Antam and partners studies to develop the EV Battery project
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:
29 Aug 2022, 08:47 AM

United Tractors (UNTR) Recorded a 117.32% Increase in Heavy Equipment Sales as of July 2022
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:
25 Aug 2022, 12:06 PM

Indonesia's high-carbon nickel key challenge in global EV uptake
The significant carbon footprint of Indonesia's burgeoning nickel processing industry is under scrutiny as the country leverages its hefty supplies of the element crucial to the making of EV batteries, though moves toward renewables are picking up.The Southeast Asian nation holds the world's largest nickel reserves and over the next several years is expected to provide most of the new nickel supply needed by the globe's booming electric vehicle industry. Nickel processing projects are mostly led by Chinese players including stainless steel giant Tsingshan and battery maker Contemporary Amperex Technology (CATL).While EVs bring hope for less pollution, processing nickel in Indonesia remains carbon-intensive, according to participants at Nickel Summit 2022, a two-day industry conference that kicked off Wednesday in Jakarta."In Indonesia ... the carbon per kilowatt-hour of power generation is much higher than most of the rest of the world," said Andrew Digges, Asia partner at global law firm Norton Rose Fulbright. "If we compare to Canada ... Indonesia will, by 2030, produce about eight or nine times as much carbon per kilowatt-hour of electricity as Canada will."Indonesia's reserves are in the form of laterite ore, which requires more processing to become Class 1, or battery grade, nickel, than does the sulfide ore found mostly in Canada, Russia and Australia. Sulfide resources are now depleted, but laterite is abundant, giving Indonesia pole position in future EV development.Laterite has also been found in the Philippines and New Caledonia.Digges said Indonesia has multiple high-pressure acid-leaching (HPAL) projects that are being considered, are under construction or are already running that could produce battery-grade nickel from laterite ore. One is in the Indonesia Morowali Industrial Park, a giant nickel industrial complex controlled by Tsingshan on Sulawesi Island. Indonesia's Harita Group runs another on Obi Island.Digges said HPAL projects generally have "a tricky track record" that includes higher carbon content and waste disposal problems.Tsingshan's plan to convert nickel pig iron (NPI) into nickel matte -- which is further refined into battery-grade products -- is "also a highly energy-intensive procedure," Digges said. Also derived from laterite, NPI is a feedstock in stainless steel production and has been the focus of the Morowali operations before the more recent move toward batteries.Major nickel processing operations on Sulawesi and the island of Halmahera are also heavily reliant on coal.According to data from the International Energy Agency last year cited by Digges, sulfide resource processing produces approximately 10 tonnes of carbon dioxide equivalent per tonne of nickel. Greenhouse gas emissions are nearly twice that volume in laterite processing using HPAL technology, and roughly six times when converting NPI into nickel matte.Steven Brown, an independent nickel consultant, said outsize carbon footprints are not the only environmental problem in Indonesia's nickel industry. He cited large swaths of deforestation around nickel mines and often-toxic sediment flowing to coastlines that harm biodiversity in tropical rainforests as well as marine life."We can see that the energy transition depends on batteries, batteries depend on nickel and nickel growth depends on Indonesia," Brown told the conference. "However, the ESG risk in Indonesia is perceived to be higher than in other places around the world."But efforts are increasing to replace coal with renewables to power major nickel processing operations.Simon Milroy, president director of Indonesian miner Merdeka Copper Gold, said his company is jointly developing the Indonesia Konawe Industrial Park with Tsingshan, with plans to build a hydropower plant and "very large scale solar" plant to power it. Located not far from the Morowali project on Sulawesi, the upcoming nickel industrial complex will focus on HPAL plants.The Indonesia Weda Bay Industrial Park (IWIP), a joint venture between Tsingshan and French mining giant Eramet, is planning to develop a 1-gigawatt solar plant in addition to coal-fired ones, according to Wahyu Budi Santoso, IWIP's general manager for external relations. Located on Halmahera, the complex already produces ferronickel, commonly used in stainless steel manufacturing, and is currently developing HPAL and nickel matte facilities targeted to go online in the next few years.Regarding those plans, Tsingshan last year said it was committed to building at least 2 gigawatts of solar and wind energy projects at Morowali and Weda Bay in three to five years."The completion of the project will result in the significant use of clean, renewable energy to power raw material production in Tsingshan's industrial parks, truly realizing the objective of reducing carbon emissions to zero," it said.Industry players also have high hopes for a planned green industrial park in North Kalimantan Province, on Borneo island. The Indonesian government has been pushing for the park's development as part of its zero carbon by 2060 pledge, promising investors up to 23 gigawatts of potential hydropower from big rivers running through the province. Plans for the hydro power plants have been hit with delays.Meanwhile, the Indonesian government is reportedly mulling a progressive tax on exports of some nickel products. Brown, the consultant, suggested that if such a tax is imposed that it be based on carbon intensity so that higher carbon-emitting projects are taxed at a higher rate. He also urged the government to proceed with its carbon tax plan, which was supposed to take effect earlier this year, and include the nickel industry in it."That way," he said, "the government would be able to drive for a cleaner type of nickel production."And Digges of Norton Rose Fulbright said the IEA itself is clear in its report "that even based on the current carbon content of nickel going into these batteries, they are much more carbon efficient than internal combustion engines. So we still want to go down that path, but we can just go a lot further."Source:
25 Aug 2022, 10:08 AM

Baru Gold Affirms Land Ownership of the Sangihe Island Gold Mine Project Contract of Work and Provid...
heNewswire - Baru Gold Corp. (TSXV:BARU) (OTC:BARUF) (“Baru” or the “Company”) wishes to affirm its ownership rights of the Sangihe Gold Project in response to recent media reports of the Indonesian government revoking mining permits in the country and provides information on a lawsuit recently filed in Indonesia by the Company’s subsidiary PT Tambang Mas Sangihe (“TMS”).Ownership Rights of TMSIndonesia’s Investment Minister Bahlil Lahadalia recently announced the Investment Ministry (the “Ministry”) had revoked 2,065 permits covering more than 3.1 million hectares (7.66 million acres) of land across the country to tighten the sector’s governance and land redistribution. This follows Indonesian President Joko Widodo’s decree in January 2022 ordering thousands of mining, plantation and forest-use permits be revoked due to non-compliance or inactivity. The action being taken by the Ministry has no impact on Baru or its operations.Baru’s permits and licences have not been revoked and remain valid. Baru is compliant in all respects, with the AMDAL (environmental) assessment and Indonesian feasibility study. Most recently, the Company secured its operation and export licence for the mine site.The Company continues to conduct its daily activities at the site and on the island. The Company continues to generate jobs, hiring locals to fill these positions. Construction is underway on the heap leach pad and a drilling program has been planned. The Company does not anticipate its permits or licences will be affected by the Ministry’s mandate.Concerned stakeholders and investors are invited to contact the Company directly at or for accurate information regarding the Sangihe Gold Project.Lawsuit Filed by TMSThe Company also wishes to provide information on a recent lawsuit filed by its subsidiary, TMS. The lawsuit has no connection to the ownership rights above.On August 24, 2022, TMS filed a lawsuit in Jakarta against multiple parties including President Joko Widodo; the Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan; National Police Chief Listyo Sigit Prabowo; Minister of Law and Human Rights Yasonna H. Laoly, Komnas HAM; Regent of Sangihe Islands; Mardi Posumah; Grace Kapal; Sonny Posungulah; and Andri Mailoor. TMS is seeking damages to compensate for material losses amounting to US$37 million and Rp. 31.9 billion; and immaterial losses of Rp. 1 trillion.Baru Gold CEO, Terry Filbert, commented, “TMS holds a valid production/operation licence which has the legal right to explore, construct, and produce gold on the island of Sangihe. To clarify, the island is approximately 71,000 ha and our licence for exploration covers 42,000 ha. TMS has applied to have the exploration area reduced to 25,000 ha. Our exploration activities have been conducted on less than 10% of our licenced area and construction has commenced on a small 65 ha parcel. Our construction activities have been continually delayed by a group supported by illegal miners, whose numbers have  expanded significantly since the re-start of operations on the island. TMS has received little to no support from the local police or government departments for operational activities or to ensure the safety of our employees and suppliers. Inadequate effort has been made by local officials to close the illegal mining operations on the island. Despite these obstacles, TMS continues to move ahead with its planned activities. Although this lawsuit does not affect our daily operations at the Sangihe Gold Project, we hope it will draw attention to the situation so action can be taken and TMS can be compensated for the economic losses it has incurred.”Source:
18 Aug 2022, 15:46 PM

PT. Putra Perkasa Abadi starts training operators with Immersive PRO5 simulator
PT. Putra Perkasa Abadi (PT. PPA) has became the first company in Indonesia to incorporate Immersive Technologies’ PRO5 Advanced Equipment Simulator technology, with the first two of four units commissioned in the PPA office at the PT Multi Harapan Utama mine site.Launched at MINExpo 2021, the PRO5 Advanced Equipment Simulator set a new benchmark in realism, reliability and training value for operator training technology, according to Immersive.A commissioning celebration and handover was carried out by Edwin Trisnohadi, Regional Vice President Immersive Technologies Asia & Indonesia region, and Director of PT. PPA, R. Teguh Sapto Subroto. Also present at the event were Sunaryo, Head of PPA Academy, and Teddy Ramdani, Customer Support Manager of PT. United Tractors, Tbk.Equipped with a professional-grade visual system, the PRO5 is the first mining simulator to combine stereoscopic 3D, a one-piece curved display, photo-realistic graphics and RealView™ head tracking technology, according to Immersive. It delivers realism at a level not previously seen by the mining industry, according to the company, with these advancements helping new and experienced mining equipment operators develop competencies at a rapid pace, while maintaining high levels of learning retention.Previously, in order to improve the competence of newly graduated workers, PPA’s only option was on-iron training. This takes extra time and also has safety risks. Now, these novice “green” workers can develop psychomotor skills and learn critical behaviors in a safe, simulated environment, while also reducing fuel consumption, according to the company.PPA is a mining contractor, which, in recent years, has recorded significant growth to become the third largest contractor in the Indonesian mining industry.The speed of growth requires an investment in the workforce and training tools to become more effective and efficient and to prepare personnel to become mine-ready. This year, PPA is targeting an additional 100 million bank cubic metres (BCM) above last year’s 267 million BCM. In order to achieve this target, an additional 3,200-3,500 operators are needed. The company also needs an additional 1,500-2,000 mechanics. PPA targets an addition of 150 million BCM next year, with another circa-6,000 mechanics and operators needed to support this.To onboard 6,000 workers, PPA can no longer rely on outdated training techniques.R. Teguh Sapto Subroto said: “Simulators will help us to develop personnel at a safe and steady pace, independently of disruptions such as weather conditions. We need this technology.”Before arriving at the decision to buy four PRO5 platforms, PPA had made an in-depth study of simulation vendors and related solutions, according to Subroto. This involved proof of concept product testing from Immersive Technologies.“The biggest challenge in workforce development is to rapidly develop quality talent with the skills to be safe and productive,” Subroto said. “If you recruit well, you will compete with others, but skill levels may remain 30% below ideal. To produce a quality workforce, you need the right tool that make humans more efficient and effective.”The simulators will later be managed by the PPA Academy.Ramdani said that this latest PRO5 simulator has only been available to the market for a short period of time and PPA incorporated it rapidly because of the value it could bring. “Hopefully it can help PT. PPA in building worker competencies, especially for operators,” he said. “PPA recorded the highest growth in the industry which must be balanced with the quality of qualified workforce.”Trisnohadi explained: “This level of realism and reliability will help companies produce quality workforces and significant return on investment. Our goal is to help PPA in obtaining a world-class workforce, which ultimately would result in greater operational efficiency.“This PRO5 simulator is the cutting-edge product from Immersive Technologies with the latest evolution of display systems. It is a combination of seamless curve screen with stereoscopic 3D technology which provides unmatched training value and highest levels of learning.”Source:


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