PT Garda Tujuh Buana Tbk (GTBO) has set a coal production volume target of 2.6 million Metric Tons (M/T) by 2023.The total production volume will be fully exported (100%) to several destination countries with details, as much as 780 thousand M/T to China, 600 thousand M/T to Thailand, 500 thousand M/T to India, and the rest will be exported to Vietnam.Vietnam is a new country that is the destination of GTBO in expanding its export market in 2023.GTBO projects the sales value to be US$ 80 million to US$ 90 million."Next year we target coal production of 2.6 million M/T, if converted, the value is equivalent to US$ 80 million to US$ 90 million," said GTBO Director Octavianus Wenas to Kontan.co.id, Tuesday (13/12).Not quite there, GTBO also has 6 new contracts for the period January - June 2023.Octavianus said the contract is a collaboration between the company and overseas companies in terms of their business segment in coal."The cooperation will only run next year, so we can't tell you how the details are, of course, with foreign companies, because our coal production cannot be marketed domestically," he said.Octavianus further explained that the calorific value of coal produced by GTBO did not meet the value needed by the Indonesian market which was 4000 cal / gram."Why we are 100% export because the caloric value of the coal we produce is only 3000 cal/gram. This is lower than the minimum requirement limit in Indonesia which is 4000 cal/gram," he said.Previously, GTBO had new contracts from 3 buyers, with a total shipment of 1.4 million M/T coal volumes shipped to China, Thailand, and India.Image source: DOK GTBOSource: https://industri.kontan.co.id/news/garda-tujuh-buana-gbto-pasang-target-produksi-batubara-26-juta-metrik-ton-di-2023

PT Bintang Samudera Mandiri Lines Tbk (BSML) will add two to three units of vessel in 2023 to boost the volume of coal transportation up to 30,000 metric tons (MT) per month.Pramayari Hardian, Director of BSML, confirmed that the company plans to acquire more vessels, the number of which will be adjusted according to the volume of transportation contract in 2023. “All options regarding the vessel acquisition plan is currently being discussed within the management,” he revealed in the public expose treatise quoted Tuesday (13/12).According to Hardian, with theses additional vessels, the volume of coal transportation will be able to be increased by 20,000-30,000 MT per month.David Desanan Anan, President Director of BSML, claimed that the forthcoming vessels will adopt eco-green design. “In response to the latest regulation about green shipping, for our investment, we will opt for eco-green design in fuel utilisation, making the vessels consume less fuel, and thus reducing hydrocarbon emission,” he added.As of now, BSML operate 15 sets of tugs and barges, 7 of which are owned by BSML itself, while other 6 are leased sets. In 2025, the company aims to operate total 22 sets, consisting of 10 sets of its own and 12 leased sets. Image source: LK/ZHSource: https://www.idnfinancials.com/news/45387/bsml-seek-monthly-growth-coal-transport-volume

On Friday (9/12), net foreign volume was negative at 370.55 million shares, a slight improvement from the previous day. Foreigners sold a total of 1.83 billion shares, while they bought 1.46 billion. PT Bumi Resources Tbk (BUMI) had the highest net volume this time, with more than 249.04 million shares and a total foreign purchase of approximately 309.38 million.Unfortunately, other foreign share purchases were not as large as BUMI, even below 30 million shares. Foreign investors purchased 28.92 million shares of PT Erajaya Swasembada Tbk (ERAA), 19.41 million shares of PT MNC Energy Investments Tbk (IATA), approximately 18.66 million shares of PT Bank KB Bukopin Tbk (BBKP), and 15.50 million shares of PT Surya Permata Andalan Tbk (NATO). These four companies reported net volumes ranging from 14 million to 17 million shares.PT Telkom Indonesia (Persero) Tbk (TLKM) had the highest number of shares sold by foreigners, with 124.30 million shares sold. TLKM's net volume was minus 57 million, which was slightly better than PT Perdana Gapura Prima Tbk's (GPRA) minus 73.14 million. Foreign investors reportedly bought 76.04 million shares of GPRA. Additionally, even though the purchase volume was only 42.5 million shares, approximately 83.40 million shares of PT Bank Mandiri (Persero) Tbk (BMRI) were sold. Furthermore, foreign investors sold 64.80 million shares of PT GoTo Gojek Tokopedia Tbk (GOTO) and 63.16 million shares of PT Wulandari Bangun Laksana Tbk (BSBK). Image source: KDSource: https://www.idnfinancials.com/news/45376/bumi-shares-contribute-foreign-volume

Two subsidiaries of PT Merdeka Copper Gold Tbk. (MDKA), PT Merdeka Battery Materials (MBM) conducted an affiliate transaction with PT Batutua Pelita Investama (BPI) with a transaction value of US$ 100 million to strengthen the nickel business.Based on the disclosure of the company's information With the implementation of the transaction, MBM entered into an agreement with BPI with the total value of the transaction as much as US$ 100 million, with a value of US$ 34.98 per share."MBM will become one of BPI's shareholders so that MBM can provide funding support that will be used by BPI to develop and strengthen its portfolio in its business group," explained MDKA Management in an information disclosure, quoted on Tuesday (12/13/2022).Meanwhile, this affiliate transaction is expected to have a positive impact on MDKA which in turn can create added value for the Company's Shareholders.This transaction is not a material transaction as referred to in POJK 17/2020 because the transaction value does not reach 20 percent (twenty percent) of the Company's total equity based on the Company's Interim Consolidated Financial Statements for the period ended June 30, 2022 audited by Tanubrata Public Accounting Firm Sutanto Fahmi Bambang & Rekan.This transaction is an affiliate transaction with a relationship between BPI and MBM with the Company, MBM is an MDKA Controlled Company whose shares are indirectly owned by the Company of 55.26 percent.Meanwhile, BPI is a Controlled Company whose shares are owned by the Company directly or indirectly by 99.99 percent (ninety-nine point nine nine percent).In addition, there are members of the Board of Directors and Board of Commissioners of BPI and MBM who also serve as members of the Company's Board of Directors.Image source: Antara Foto/ Budi Candra Setya.Source: https://market.bisnis.com/read/20221213/192/1608015/perkuat-bisnis-nikel-dan-baterai-mdka-gelontorkan-us100-juta

PT United Tractors Tbk (UNTR) earned revenue of USD271.6 million or equivalent to IDR 4.27 trillion through its subsidiary PT Danusa Tambang Nusantara. The nickel segment is expected to balance the company's revenue contribution from the weak coal business.United Tractors Corporate Secretary Sara K. Loebis said nickel production is expected to be recorded in the company's financial statements in the middle of next year.UNTR recently officially expanded into the nickel business by acquiring shares of nickel mining company PT Stargate Pacific Resources (SPR) and nickel smelter company PT Stargate Mineral Asia (SMA).For your information, Danusa itself is 60 percent owned by PT United Tractors Tbk (UNTR) and 40 percent by PT Pamapersada Nusantara (PAMA), a subsidiary of UNTR.Going forward, PAMA will continue to be committed to other business developments to further strengthen its position in the Indonesian mining sector, especially in the non-coal sector.The UNTR Group also issued capital expenditure (capex) equivalent to IDR 3.38 trillion to build a nickel smelter project. The capex required is around USD220 million for the construction of the smelter within a period of 2.5-3 years.United Tractors (UNTR) in the third quarter of 2022 recorded a net revenue of IDR 91.5 trillion. An increase of 58 percent compared to the same period last year of IDR 57.82 trillion. All business units contributed to this achievement.To be precise, construction machinery is 30 percent, mining contractors are 36 percent, coal mining is 27 percent, gold mining is 6 percent, and the construction industry is 1 percent of the total consolidated net income. In detail, the coal mining business line rose 138 percent to IDR 24.36 trillion.United Tractors recorded profit after tax or net profit of IDR 15.9 trillion, up 103 percent from the same period last year of IDR 7.8 trillion. Earnings per share rose 104 percent to Rp4,283 from the same period last year of Rp2,096.Image source: United TractorSource: https://www.emitennews.com/news/united-tractors-untr-raih-pendapatan-rp427-triliun-dari-nikel

Bonanza grade mineralisation has been confirmed at Far East Gold’s (ASX: FEG) Woyla project in Indonesia, with preliminary assays from the first-ever drilling program at the project returning up to 78 grams per tonne gold and 631g/t silver.Far East is the first company to ever gain permission to drill Woyla and kicked-off the maiden program in September.Initial assays reveal three separate discovery holes had intercepted bonanza grade mineralisation at the Anak Perak and Rek Rinti vein systems within the project.Far East chief executive officer Shane Menere said the company was “very excited” to produce a discovery hole in three different veins from two separate systems.“This confirms our belief that Woyla has the potential to host a significant high-grade epithermal gold-silver resource.”“Our aim is to advance these discoveries to a maiden JORC resource estimate as quickly as possible,” Mr Menere added.Notable results at the Rek Rinti vein were 0.5m at 78g/t gold and 631g/t silver from 108.6m, and 1m at 59g/t gold from 192m.Other highlight Rek Rinti intercepts comprised 13m at 4.9g/t gold and 68.6g/t silver from 98m, including 7.6m at 8.1g/t gold and 113.8g/t silver from 102.4m.Over at the Anak Perak vein, better results were 10.75m at 3.2g/t gold and 10.4g/t silver from 49.35m, including 3.5m at 7.8g/t gold and 17.5g/t silver from 53.3m.Within this was a 0.3m interval grading 24.91g/t gold and 25.2g/t silver from 53.2m.Mr Menere noted the mineralised zones intercepted remained open along strike and at depth.Under the phase one drilling program, the first 17 holes of a planned 20-hole campaign were completed at the Anak Perak Main Zone, with drilling totalling 2,312.2m.Assays are pending for several of the holes completed at Anak Perak, with the remainder of the program continuing.At Rek Rinti, eight holes have been drilled for 1,218.6m, with about 1,000m left to be undertaken.Far East expects drilling will be finished by the end of the year, with results to feed into resource definition drilling.Image source: Woyla ProjectSource: https://www.marketscreener.com/quote/stock/FAR-EAST-GOLD-LIMITED-130070891/news/Far-East-Gold-Hits-High-Grade-Gold-Silver-at-Woyla-Project-in-Indonesia-42533359/

PT Bukit Asam (Persero) Tbk (PTBA) has unmonetized coal reserves of 3 billion tons with a production rate of 35 million tons per year. However, the company is faced with an industry trend towards a transition to new and renewable energy (NRE). How does PTBA respond to these challenges?VP of Downstream Development of PT Bukit Asam Tbk Setiadi Wicaksono said that in the context of the energy transition trend and its relation to the coal industry, the company observed four main factors.First, the cyclical factors of the global economy that will drive new demand for coal relatively come from developing countries in the long term. Second, the direction of net zero emissions (NZE) which will trigger the demand for coal commodities to decline.Meanwhile, the next factor is the energy revolution which makes the portion of NRE in the future more significant, which has a direct impact on the decline in coal. The last factor is about ESG.According to Setiadi, the current ESG factor is very important considering that it deals with funding where global creditors have avoided types of investments that are not environmentally friendly.Facing industry challenges and the company's target of monetizing coal reserves of 3 billion tons, PTBA also prepared a long-term plan consisting of four pillars. The first pillar relates to the coal business, while the other three pillars concern the company's efforts towards an energy transition.Setiadi explained, in the first pillar, Bukit Asam will increase capacity in line with the large amount of coal reserves that have not been monetized at the company's sites. "So, if we look at 2060, it is already the out phase of NZE, while our reserves are still a lot. So, like it or not, we have to increase production capacity," he said at the E2S Outlook for the ESDM Sector 2023 & E2S Awards 2022, Tuesday (12/13/2022).For this reason, PTBA targets an increase in coal transportation capacity in Tanjung Enim to double capacity in 2027.The second pillar, focus on the energy transition. This member of the Mining Industry SOE Holding admitted that he had begun to penetrate into the renewable energy segment. One of them is by building solar power plants on the company's post-mining lands."Regarding the energy pillar, we are also developing several projects. First, the post-mining solar power plants in several sites if we total the area and potential megawatts can reach 630 megawatts are in the feasibility study phase and we must convey it to PLN, hopefully there can be a good response from PLN," setiadi explained.Furthermore, the company is also developing the Mine Mouth Power Plant-Sumsel 8, whose progress has now reached 97% and is expected to be able to operate commercially (commercial operation date / (COD) next year. Meanwhile, for rooftop solar power plants, we synergize with AP II at Soekarno-Hatta Airport, as well as toll road solar power plants through synergy with PT Jasa Marga Tbk.The third pillar is the question of chemistry, especially with regard to coal-to-DME as an alternative to LPG as campaigned by the government. Setiadi ensured that the company is currently continuing the process of getting there by building an industrial center based on downstream energy. He also hopes that through this project Bukit Asam can contribute to reducing LPG import subsidies, which are quite fantastic in value.As for the last pillar of carbon management, Setiadi said that the company also decarbonizes mining through the use of electric-based mining vehicles.This also proves that the company strives to contribute to capturing carbon emissions and reducing carbon emissions. This includes implementing an e-mining reporting system so that it contributes to the efficiency of fuel consumption up to 10.8 million liters."From these initiatives, our estimated concentration for fuel consumption reaches 10.8 million liters per year. This is a high enough value for gasoline savings and will automatically provide efficiency in terms of cost," concluded Setiadi.Image source: Beritasatu.comSource: https://www.beritasatu.com/ekonomi/1008545/bukit-asam-siap-monetisasi-3-miliar-ton-cadangan-batu-bara/?view=all&utm_source=beritasatu.com&utm_medium=article&utm_campaign=Baca-Selengkapnya

Mining Industry Indonesia (MIND ID) as a State-Owned Enterprise (BUMN) Mining Industry Holding (HIP) is optimistic that the reorganization between MIND ID and PT Indonesia Asahan Aluminium (Persero) (INALUM) will accelerate the downstream program in the national mining industry sector.With the acceleration of the downstream program, the state's commitment to increasing the added value of mining commodities will be realized.This optimism emerged after the Government of Indonesia issued Government Regulation (PP) Number 45 of 2022 and PP Number 46 of 2022 as a step of government blessing in the reorganization of MIND ID.MIND ID Corporate Secretary Heri Yusuf said that the reorganization with the support of the Government of Indonesia will improve performance, both for MIND ID, INALUM, and other holding members.With the improvement of performance, he hopes that MIND ID's grand vision to provide benefits to all stakeholders can be more easily realized."With this reorganization, MIND ID continues its role as a Strategic Holding company for the Mining Industry," said Heri in a written statement received by Kompas.com, Wednesday (12/14/2022)The role in question is to increase the effectiveness of the implementation of various strategic activities that focus on efficiency.Then, creating added value from the products of MIND ID group members, as well as improving risk management management, to monitoring the operational activities of MIND ID members."It is hoped that MIND ID will be better and more sustainable in making a more optimal contribution to all stakeholders," heri explained.Karyawan PT Indonesia Asahan Aluminium (Persero) (INALUM).The Indonesian government issued PP Number 45 of 2022 and PP Number 46 of 2022 on December 8, 2022.The two government regulations are one of the inseparable parts of the series of HIP formation processes, which have so far had the MIND ID brand identity and legally become one with INALUM.The PP is also the result of the collaboration of shareholders obtained through the Ministry of State-Owned Enterprises (Ministry of SOEs), Ministry of Finance (Kemenkeu), and Ministry of State Secretariat.Furthermore, the two pp became the basis for the formation of a new SOE that functioned to become the home of MIND ID. Mainly, in carrying out MIND ID's function as a Strategic Holding Company in the Indonesian mining industry sector.With these two pp, INALUM will remain part of MIND ID, such as PT Bukit Asam Tbk (PTBA), PT Aneka Tambang (ANTAM) Tbk, and PT Timah Tbk (TINS).INALUM will focus on the operation of smelters or aluminum smelters, as well as the downstream development of the aluminum value chain.Heri explained, INALUM itself will focus on operations and production, as well as development.With this role, he said, it is expected to accelerate several strategic projects from INALUM which aim to increase the added value of the national aluminum commodity."INALUM after the reorganization will focus on managing the aluminum smelting plant and aluminum production integrated from upstream to downstream," said Heri.With the support of MIND ID Group, he continued, INALUM will continue its growth strategy on the aluminum value chainAfter the issuance of the two PP, Heri explained, the reorganization process will proceed to several stages.The stage includes the General Meeting of Shareholders (GMS) of the Ministry of SOEs as a shareholder of INALUM, the transfer of assets and liabilities related to the HIP function to a new entity (MIND ID), as well as good and structured coordination with stakeholders.The stakeholders in question, such as the Ministry of Finance, the Ministry of Law and Human Rights, the Ministry of Energy and Mineral Resources, and other Government Institutions.During the reorganization process, said Heri, the implementation of the MIND ID function and also the operation of the aluminum smelter attached to INALUM will currently continue as before."The entire process will be subject to applicable laws and regulations including the Limited Liability Company Law (UU)," said Heri.Until the new HIP entity (MIND ID) was formed, he continued, the HIP function would still be carried out by INALUM. The HIP function will switch from INALUM to MIND ID when the series of holding formation processes are completed.Image source: Humas MIND IDSource: https://nasional.kompas.com/read/2022/12/14/18165021/reorganisasi-mind-idinalum-direstui-pemerintah-ri-mind-id-fokus-kembangkan

PP Presisi has again secured a nickel mining service contract on an ongoing basis at the Weda Bay Nickel Project located in Halmahera.The new contract amounted to Rp 1.8 trillion for the work of adding hauling services. So that the total new contracts until November 2022 are IDR 5 trillion or reach 86% of the 2022 new contract target of IDR 5.9 trillion.The scope of work on the mining service line has been carried out by PP Presisi. Starting from mining development infrastructure such as construction and maintenance work on hauling roads, other infrastructure development, to mining contractors, namely overburden to hauling services."The new contract is in line with the Company's business focus on the mining services sector as a mining services contractor. Repeat Order from the scope of work hauling services in the new contract is a form of trust in us by prioritizing time delivery and quality delivery that can provide added value for stakeholders," said Rully Noviandar as President Director of PP Presisi quoted from a press release, Tuesday (12/13/2022).According to him, in the new contract at the end of 2022, there is a shift from civil work to mining services. Where mining services dominate the acquisition of new contracts by 59% and civil work by 38%Meanwhile, supporting business lines are production plants, structure work, and rental equipment by 3%. In addition, the Company's competitiveness also increased with the acquisition of external (Non PP Group) contracts by 93% and internal (PP Group) by 7%."With the capacity and capability that we have, and difficult to find in other mining service companies, we are an integrated mining services company that not only works as a mining service infrastructure contractor, but is able to provide mining contractor services in a comprehensive and integrated manner," he concluded.Image source: dok PP PresisiSource: https://www.cnbcindonesia.com/market/20221213190928-17-396586/pp-presisi-raih-kontrak-jasa-tambang-nikel-senilai-rp-18-t

PT Hillcon is committed to supporting nickel downstreaming in the Sulawesi and North Maluku regions. This was marked by a collaboration with PT Satya Amerta Havenport to build a port in the Stardust Estate Investment (SEI) Industrial Estate in North Morowali, Central Sulawesi.Hillcon's collaboration through its subsidiary, PT Hillconjaya Sakti, with PT Satya Amerta Havenport was marked by the signing of a port construction cooperation contract in the SEI Industrial Estate worth 123 million dollars or around IDR 1.927 trillion which will start in 2023.The signing of the contract was carried out by Hersan Qiu as President Director of Hillcon with Wisma Bharuna as President Director of PT Satya Amerta Havenport and President Director of PT Gunbuster Nickel Industri.Hersan said that this collaboration further confirms Hillcon's position as one of the main players in the country's nickel industry. Hillcon has good business growth potential in line with Indonesia's position as the largest nickel producer in the world."With this collaboration, we believe we can develop our business and improve the company's performance," said Hersan.SEI Industrial Estate is a modern industrial estate with the main business field in the nickel industry located in North Morowali Regency, Central Sulawesi Province.The tenants who will occupy the area are PT Gunbuster Nickel Industry (1,800,000 tons / year of ferronickel), PT Nadesico Nickel Industry (1,800,000 tons / year of ferronickel), and PT Ideon Nickel Industry Satu (150,000 tons / year of ferronickel).The SEI Industrial Estate, initiated by Jiangsu Delong Group, is recorded to have built four projects spread across Kendari and North Morowali.Hersan revealed, in addition to North Morowali Regency, Hillcon also has a number of nickel projects in North Maluku Province. The Company is involved in two main areas, namely as a mining contractors and infrastructure expert.Citing BPS data, North Maluku (Malut) was recorded as the province with the highest economic growth rate in the world in the third quarter of 2022, reaching 26.94 percent or almost 27 percent cumulatively. One of the main pillars of the economic growth rate in Malut is the downstream of nickel.Therefore, as a nickel mining contractor working in the Sulawesi and North Maluku areas which are nickel mining bases in Indonesia, Hillcon continues to strive to support nickel downstreaming.Hillcon management is also optimistic that it can continue to grow sustainably in line with the growing demand to serve new projects in the nickel mining industry.Image source: IstimewaSource: https://www.inews.id/finance/bisnis/dukung-hilirisasi-nikel-hillcon-bangun-pelabuhan-di-kawasan-industri-sei