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02 Aug 2022, 09:42 AM

Archi Indonesia (ARCI) Confident Performance Improvements by the End of the Year
The performance of PT Archi Indonesia Tbk (ARCI) experienced a decline in the first semester of 2022. This gold producer posted a decrease in revenue and net profit throughout the period. ARCI posted net profit for the period attributable to the parent company of US$ 14.15 million. This figure decreased 56.56% from net profit in the same period last year of US$ 32.57 millionThus, ARCI's basic earnings per share decreased to US$ 0.0006 from the previous US$ 0.0016 per share The decline in ARCI's net profit was in line with the decline in its revenue. ARCI posted revenue from contracts with customers worth US$ 119.63 million, a decrease of 15.96% from revenue in the first half of 2021 which reached US$ 142.35 million.ARCI Corporate Secretary Harry Margatan Sopandi said that the decline in ARCI's performance in the first six months of 2022 had something to do with the natural disaster that hit ARCI's pit . Currently, management estimates that ARCI's gold production will decrease from the previous year by around 25%, which was caused by a natural disaster that hit one of the pits . However, ARCI believes that the current remediation process will be able to increase ARCI's productivity and financial performance in the fourth quarter of 2022.The pit wall or working wall of the Araren pit mine, which was damaged due to high rainfall in early January 2022, has entered the remediation process. ARCI targets this pit to resume production in the fourth quarter of 2022.Archi Indonesia President Director Rudy Suhendra said the remediation or recovery process had gone very well and according to plan. "We believe that the optimal return of pit operations will have an impact on ARCI's gold production in the fourth quarter of 2022 and the following year," said Rudy, Monday (1/8). Rudy added that ARCI has optimized mining activities in the other three pits , so that operational performance can be maintained. Until the first semester of 2022, ARCI has achieved its gold production target of 58.3 kilo ounces.Looking ahead, Harry saw that the prospect of gold was still quite gleaming. He considered gold is a safe haven asset ."So Archi hopes that gold will always be the choice of investors in uncertain situations . Global economic conditions could affect the movement of gold this year," said Harry to, Monday (1/8).Source:
01 Aug 2022, 18:27 PM

Establishing a copper smelter, MDKA to grant a facility of USD 50 million
PT Merdeka Copper Gold Tbk (MDKA), a mining company under PT Saratoga Investama Sedaya Tbk (SRTG), has signed a financing facility agreement in order to support the copper smelting plant managed by one of its subsidiaries.Said facility agreement was signed along with PT Merdeka Tsingshan Indonesia (MTI), the subsidiary in question, which is indirectly owned by MDKA through PT Batutua Pelita Investama (BPI). Until May 10, 2022, BPI is listed as the owner of 80% of MTI.The financing facility provided by MDKA for MTI amounts to USD 50 million. Both companies also agree to set the interest rate of this facility to LIBOR+5% per year. Then, the agreement will last for five years.As mentioned in the information disclosure in Indonesia Stock Exchange (IDX), the credit facility given by MDKA will be utilised to fund MTI’s copper smelting facility project. It includes all processes, such as design, procurement, construction, and expansion. “It is to manufacture coppers that are ready for export,” the management stated.For the record, this financing facility is categorised as an affiliate transaction as regulated by the Financial Services Authority (OJK). On top of being the shareholder of MTI, some of MDKA’s directors also take office as director and commissioners of MTI.Source:
01 Aug 2022, 15:13 PM

Harita Nickel Commitment to Increase Added Value Through Downstream
Mining and downstream company, Harita Nickel is committed to increasing added value through downstream nickel starting from high grade and low grade. This was revealed by the Director of Harita Group, Tonny H Gultom during the Indonesia Nickel Summit held by TAMBANG Magazine in Nusa Dua, Bali some time ago.According to him, the processing of high grade nickel using Rotary Kiln Electric Furnace (RKEF) pyromatalurgical technology is under its two subsidiaries, namely PT Megah Surya Pertiwi and PT Halmahera Jaya Ferronickel (HJF).In addition, the company, which is located in South Halmahera Regency, has also developed a low grade nickel refining system using Hydrometallurgical High Pressure Acid Leaching (HPAL) technology. The factory is under the control of PT Halmahera Persada Lygend (HPAL), which is also a subsidiary of Harita.“This technology is a pioneer industry in Obi Island, North Maluku that utilizes low grade nickel as raw material (limonite). Before HPAL, low grade nickel was not utilized, only treated as overburden,” said Tonny. In the process, HPAL uses seawater and has low energy that is environmentally friendly. The extraction process involves leaching of limonite ore with sulfuric acid.According to Tonny, the product from HPAL will be nickel sulfate which is predicted to reach 247,000 tons per year and cobalt sulfate to reach 32,000 tons per year. In addition, there are also intermediate products, namely Mixed Hydroxide Percipitate (MHP), a mixture of nickel and cobalt as raw material for electric vehicle batteries."The result of HPAL is Mixed Hydroxide Percipitate (MHP), the raw material for electric batteries," added the man who is familiarly called Gultom.He went on to say that nickel is still primarily used as an ingredient in stainless steel whose market share is predicted to drop to 47% by 2050. This is because battery precursors for electric vehicles and energy storage are becoming increasingly important."In the future, the use of nickel is for electric batteries. Solar PV and electric vehicles will be massively developed, targeted to support the supply of 2 million four-wheeled vehicles and 13 million two-wheelers," he said.Source:
01 Aug 2022, 14:14 PM

Commitment to Implement ESG and Good Mining Practices, Adaro Indonesia Receives Platinum Award from ...
PT Adaro Energy Tbk (ADRO), through its subsidiary PT Adaro Indonesia Tambang Balangan, South Kalimantan, has won an award with Platinum predicate from the Energy and Mining Editor Society (E2S). The Kalulut Palace social and environmental responsibility program was the best in the “Sustainability Program” category at the E2S Proving League 2022.Febriati Nadira, Head of Corporate Communication at Adaro Energy, said that the Kalulut Palace Program is Adaro Indonesia's flagship CSR program. This community empowerment program, which is primarily based on environmental sustainability, has proven to be able to have a positive impact on the environment, economy and society.  According to Nadira, Adaro Indonesia, as one of the largest coal mining companies in Indonesia, always applies ESG (environment, social, governance) and good mining practices (good and correct mining practices). The environment and community have always been an important part of mine planning. One of the references is the Minister of Environment and Forestry Regulation No. 1 of 2021 concerning the Company Performance Rating Program in Environmental Management or commonly called Proper. To date, Adaro Indonesia has managed to get Gold Proper 4 times, namely in 2012, 2019, 2020 and 2021, among others through our flagship CSR program, the Kalulut Palace Program.“We are proud of the award given by the E2S Forum in the form of a Platinum Rank Award in the Sustainability Program Category in the Proving League event. This award will further spur Adaro to continue to present various sustainability programs, while continuing to carry out its role as a provider of energy sources for development," said Nadira, Sunday (31/7/2022).Kalulut Palace is a Kalulut honey cultivation group with Garang Tama or Itama Honeycomb Reproduction. Garang Tama has changed people's behavior from resource extraction by illegal logging to cultivation. "The foster partner or local hero of Istana Kalulut is Mr. Maskuni," said Firmansyah, CSR Section Head of Adaro Indonesia. Maskuni and Firmansyah appeared on behalf of Adaro Indonesia at a presentation at the E2S Proving League which involved three judges, namely Risna Resnawaty (CSR expert and Head of the Social Welfare Study Program FISIP Universitas Padjadjaran, energy observer and Executive Director of the ReforMiner Institute Komaidi Notonegoro, and Deputy Leader World Editor of Energy Lili Hermawan).According to Firmansyah, the "Istana Kalulut" program is the implementation of PT Adaro Indonesia's CSR program which began in 2018. In the Kalulut Palace program, Adaro Indonesia seeks to change the mindset and behavior of the community, which initially harvested honey by hunting and felling trees, turning it into harvesting. with cultivation. The output of this program is an increase in the number of Kalulut bee farmers, a decrease in the number of trees cut in the PT Adaro Indonesia reclamation area, and the community utilizing Kalulut bee cultivation as their livelihood. In addition, the Kalulut Palace is a center for Kalulut cultivation education."Through the Kalulut Palace Program, we are trying to encourage the community to cultivate and social innovation in the form of ways to develop Kalulut honey that can be carried out post-mining so that the duplication results can benefit the community," he said.  The Kalulut Palace Program is one of the programs that Adaro Indonesia continues to foster in relation to disaster sensitivity for the empowerment of small and medium enterprises (SMEs) in the company's operational areas. This was done with a focus on Kalulut honey products which can be used as supplements to support the prevention and control of Covid-19.Risna Resnawaty, Chair of the E2S Proving League 2022 Jury, said that the CSR programs included in the 2022 Proving League are very special and have a tremendous impact on the community around the company's operational locations. "Each program has its own advantages, uniqueness, and characteristics based on the needs and solutions to problems that arise in the community," he said.Adaro is one of 22 participants and gold candidates for PROPER 2020-2021 in the Energy and Mineral Resources (ESDM) sector participating in the 2022 E2S Proving League entitled "CSR Collaboration: Building Community Resilience and Local Livelihoods Generation" which was held on Saturday-Sunday , 23-24 July 2022.Source:
31 Jul 2022, 11:37 AM

Golden Energy Mines (GEMS) Increases Production in Second Quarter 2022
PT Golden Energy Mines Tbk (GEMS) recorded an increase in production and sales performance in the second quarter of 2022. GEMS Corporate Secretary Sudin Sudiman revealed that the increase in production performance occurred for the second quarter of 2022 compared to the first quarter of 2021"(Realization) 9.7 million metric tons for production and 9.6 million metric tons for sales," said Sub-Department to, Sunday (31/7).Sudin continued, this achievement was better than the first quarter of 2022. In the first three months, production and sales were respectively 7.9 million metric tons and 8.5 million metric tons.Thus, in total, until the first half of 2022, GEMS posted production of 17.6 million metric tons and sales of 18.1 million metric tons. "This is in accordance with our capabilities and production targets. Compared to the first quarter of 2022, the weather is (more) supportive in the second quarter of 2022," added Sudin.Kontan noted, GEMS is eyeing a higher coal production figure than last year. Until the end of 2022, GEMS is aiming for a consolidated production figure of around 40 million tons of coal. Around 36 million tons of which is planned to come from BIB's coal production. As a comparison, citing the company's annual report, GEMS' coal production volume throughout 2021 reached 29.11 million tons, while the realized sales volume reached 29.49 million tons. GEMS's largest market share includes Indonesia, China, and India with volumes of 12.06 million tons, 11.89 million tons, and 3.99 million tons, respectively. The prepared capital expenditure budget is around US$ 22 million.Referring to the company's financial statements, GEMS posted revenues of US$ 539.12 million in the first quarter of 2022. This achievement increased significantly to 41.41% year on year (yoy). In the same period in the previous year, GEMS' revenue was recorded at US$ 381.24 million. Meanwhile, an increase in performance also occurred for net profit where GEMS scored US$ 133.44 million in the first quarter of 2022. This achievement increased by 35.2% yoy where in the first quarter of 2021 GEMS' net profit reached US$ 98.69 million.Change of Commissioners and DirectorsGEMS management approved the change in the composition of the company's commissioners and directors in the agenda of the Extraordinary General Meeting of Shareholders (EGMS) on Friday (29/7).GEMS appointed Venkataramani Ranganathan as Vice President Director replacing Megha Shyam Kada. In addition, Alex Sutanto was appointed as Commissioner of the Company replacing Fuganto Widjaja.Thus, the composition of the GEMS commissioners is as follows:President Commissioner: Lokita PrasetyaVice President Commissioner: Avinash Ramakant ShahCommissioner: Alex SutantoIndependent Commissioner: Ketut SanjayaIndependent Commissioner: Bambang SetiawanIndependent Commissioner: Madhu Ramachandra RaoComposition of the board of directors:President Director: BonifaceVice President Director: Venkataramani Ranganathan Director: Kumar KrishnanDirector: R. UtoroDirector: SuhendraDirector: Leonard Fedrik SundartoSource:
31 Jul 2022, 08:56 AM

UD Trucks Records Increase in Sales of Mining Specialty Trucks
The increasing volume of coal transportation has a positive impact on sales of heavy equipment trucks specifically for mining. This was also felt by UD Trucks, which recorded an increase in sales since the price of coal and other minerals increased. "With the increase in coal sales, our unit sales also increased," said Christine Arifin, Marketing and Business Development Head of PT UD Astra Motor Indonesia to, Sunday (31/7).Christine explained specifically for mining activities, units with 11L engines are in great demand, especially for large mines. Currently, orders for 11L UD Trucks units are claimed to be around 80-90 units/month. This number increased, because previously sales were only about 30 units/month, since the price of coal and other minerals increased.The UD Trucks special heavy equipment truck variant is sold in Indonesia under the name Quester. On the engine equipped with 11L, the models used for mining activities are CWE370 and CGE370 with 370HP and GWE410 (latest) with 410HP.Christine said that demand came from many mining areas in Indonesia such as Sulawesi, Kalimantan and Sumatra. This positive trend is believed to continue until the end of the year and is expected to grow significantly from the sales performance of UD Trucks' mining trucks last year.Source:
30 Jul 2022, 14:34 PM

United Tractors (UNTR) Recorded 2,873 Units of Heavy Equipment Sales in Semester I-2022
Sales of Komatsu heavy equipment owned by PT United Tractors Tbk ( UNTR ) increased. During the first six months of 2022, United Tractors recorded sales of 2,873 heavy equipment units. This figure is 111.09% higher than the realization of sales in the same period last year which was 1,361 units.Based on the monthly operational report published Monday (25/7), Komatsu's market share as of June 2022 is 28%. Sales were still dominated by the mining sector, which reached 61% of total sales, followed by the construction sector at 18%. Furthermore, sales to the forestry sector accounted for 12% and the agribusiness sector by 9% of total sales. In June alone, UNTR sold 473 heavy equipment.In Kontan's note, UNTR decided to raise Komatsu's heavy equipment sales target this year. This subsidiary of PT Astra International Tbk ( ASII ) has increased sales to 4,800 units from the previous 3,700 units.In the mining contractor segment through its subsidiary, Pamapersada Nusantara, UNTR reported overburden removal (OB) production of 436.5 million bank cubic meters (bcm), up 6.65% from the same period last year of 409.6 million bcm.However, the realization of UNTR's coal production fell 14.85% from 58 million tons to 50.4 million tons in January-June 2022. Then, in the gold segment, the company's gold sales through its subsidiary, Agincourt Resources, tend to stagnate. UNTR posted sales of 143,776 Gold Equivalent Ounces (GEOs) of gold during January-June 2022, a decrease of 18.17% from sales realization in the same period last year.Source:
29 Jul 2022, 10:54 AM

Vale Indonesia (INCO) Focuses on Optimizing Production Capacity
The soaring price of nickel in the global market has had a positive impact on the profitability of PT Vale Indonesia Tbk (INCO). In the first quarter of 2022, INCO managed to record a net profit growth of 100.77% year on year (yoy) to US$ 67.7 million from the previous US$ 33.7 million in the first quarter of 2021.Vale Indonesia CEO and President Director, Febriany Eddy admitted that the production figure for the first quarter of 2022 was lower than the previous quarter due to the rebuilding of electric furnace 4. However, the favorable nickel price allowed INCO to achieve significant profit growth.“We were able to generate higher EBITDA, higher profit and higher cash balance compared to the previous quarter. This strong cash balance will allow us to carry out our current and future growth plans,” said Febriany Eddy in his statement, recently.Even so, Febriany said that the price volatility in the market that occurred made Vale Indonesia continue to focus on optimizing production capacity and increasing operating efficiency as previously done.In addition to this strategy, the issuer with the stock code INCO is also committed to implementing  environmental, social, and governance (ESG) principles, one of which is by fulfilling the ICMM (International Council on Mining and Metals) principles.Regarding business sustainability, INCO has shown the company's declaration of a commitment to achieve Net Zero Emissions from scope 1 and scope 2 by 2050 or earlier. According to him, this is in line with the ambitions of the Paris Agreement.Source:


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