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15 Sep 2022, 12:00 PM

Bukit Asam (PTBA) Aims for Production of 35.5 Million Tons of Coal in Tanjung Enim

industri.kontan.co.id
2441 Views
PT Bukit Asam Tbk (PTBA) is eyeing coal production of 35.5 million tons throughout 2022 from five Mining Business Permits (IUP) in Tanjung Enim, South Sumatra. This target refers to the Company's Work Plan and Budget (RKAP) this year.Assistant Vice President of PTBA Air Unit Laya Suratman said that the RKAP would be donated from five Tanjung Enim Mining Units (UPTE), namely The Laya Water Mine, Muara Tiga Besar, Banko Barat, Banko Tengah Block A and Block BThe details are that the Laya Water Mine unit is targeted to produce 7.75 million tons so far this year. Then, the Big Three Estuary is targeted to gain 8.5 million tons of coal.Then the Banko Barat mining unit was targeted to produce 7 million tons of coal. Meanwhile, Banko Tengah Block A and Block B as a whole are expected to produce 12.25 million tons."In accordance with the RKAP, the total production of UPTE reached 35.5 million tons at the end of the year," Suratman explained to reporters at the Air Laya Mining Unit, Monday (12/9).As for the entire first semester of 2022, the total coal production of this red plate issuer has reached 15.9 million tons. This realization grew by 20% from 13.3 million tons in the previous year.Since the beginning of September 2022, upte's cumulative coal production has reached 1.13 million tons as of Monday (12/9). For september, PTBA set a production target of 3.9 million tons.If you refer to KRAP, the target in September is 3.6 million tons. However, PTBA's Assistant Manager of Mine Information Control, Suherman said that after internal discussions, the production target was scraped. Indeed, the production achievement is only around 28.86% of this month's target. However, PTBA does not deny that there is a slowdown due to the rains that have poured down on UPTE in recent days. "We've been a bit behind as of today because the weather this month is out of our control. The trend in a week or two is raining," Suherman said.Source: https://industri.kontan.co. en/news/throughout-2022-bukit-asam-ptba-target-production-355-million-tons-of-coal
News
15 Sep 2022, 08:32 AM

Antam to Transports 50 Tons of Freeport Gold

www.cnbcindonesia.com
2404 Views
PT Freeport Indonesia said that PT Aneka Tambang Tbk (ANTM) will take 30-50 tons of gold produced from Freeport's new copper smelter in Gresik, East Java. President Director of PT Freeport Indonesia Tony Wenas said this during a Hearing Meeting (RDP) with Commission VI of the House of Representatives of the Republic of Indonesia, Monday (12/09/2022).Tony said, the progress of smelter construction in Gresik in 2022 is targeted to reach 50% or with costs to be incurred of US $ 1.5 billion or around Rp. 22.3 trillion (assuming an exchange rate of Rp. 14,900). The smelter project, which processes 1.7 million tons of copper concentrate, is targeted to be completed in December 2023, then continued with trials or commissioning, so that it is targeted to start producing gold in May 2024. "For the product, the offtaker (buyer) for gold is planned for Antam to buy. So, our gold which will be produced 30-50 tons per year will be offtake by Antam and sulfuric acid will be offtake by Petrochemical Gresik and Pupuk Indonesia. Meanwhile, the copper slag will be taken by Semen Gresik and Semen Indonesia," he explained in a Hearing Meeting (RDP) with Commission VI of the House of Representatives of the Republic of Indonesia, Monday (12/09/2022). Tony explained, if this new smelter operates, it means that Indonesia will have additional copper cathode production to 500-600 thousand tons per year from the current 300 thousand tons of copper cathode per year. Nevertheless, from the current production of copper cathodes alone, about 50% or about 150 thousand tons are still exported because they are not absorbed by domestic industries. Therefore, he requested that the copper cathode absorbing industry in the country be built and developed, so that the copper cathode production from their smelter could be absorbed by the domestic industry. "If the downstream industry does not grow, this will be 100% exported as well. So, this is an opportunity that unfortunately that this should then attract even more downstream investors, for example electric car cable factories and renewable energy," he said. Tony said, until the end of July 2022, the physical construction of the Gresik smelter has reached 36.2% and has absorbed US$ 1.2 billion from the total investment until the end of US$ 3 billion or around Rp. 45 trillion. In this year the number of construction workers has reached 5, 000 people and by 2023 it is expected to increase again to 10 thousand people. As for the peak construction, it is estimated that it requires up to 15 thousand workers, of which almost 100% are Indonesian Workers (TKI) and 50% of them are local workers from East Java. As is known, on October 12, 2021 President Joko Widodo (Jokowi) inaugurated the initial process of building Freeport's new smelter (groundbreaking) plant in the Gresik Special Economic Zone (SEZ), East Java. The president also expressed his pride. The reason is, if this smelter has been built, then this will become the largest single line smelter in the world. "We have received reports that the smelter to be built is with a single line design, the largest in the world," said Jokowi, on Tuesday (12/10/2021).Source: https://www.cnbcindonesia.com/news/20220912131335-4-371303/antam-bakal-angkut-50-ton-emas-freeport/amp
News
15 Sep 2022, 08:00 AM

Vale Indonesia signs HPAL deal with China’s Huayou

www.mining.com
2362 Views
Nickel miner PT Vale Indonesia on Tuesday signed an agreement with China’s Zhejiang Huayou Cobalt to build a second high-pressure acid leach (HPAL) plant to produce nickel material used in batteries to power electric vehicles.Under the heads of agreement, Vale and Huayou plan to build an $1.8 billion HPAL plant in Sorowako, South Sulawesi, to produce 60,000 tonnes of nickel in mixed hydroxide precipitate (MHP), chief executive Febriany Eddy told reporters.Vale in April had also signed a deal with Huayou to develop an HPAL plant in Pomalaa, Southeast Sulawesi, to produce 120,000 tonnes of MHP. US carmaker Ford Motor Co. later joined the partnership for this plant.Similar to the agreement for Pomalaa, Huayou would also build the plant in Sorowako with Vale reserving the rights to buy stake at the plant, chief financial officer Bernardus Irmanto added.Febriany said a final investment decision (FID) for the Pomalaa plant is expected by the end of this year and a FID for Sorowako to follow next year.Construction of each plant would take around three years at the most, she said.“These are strategic projects for Vale because they will produce MHP, which is a material for electric car batteries,” Febriany added.Indonesia is keen to utilise its rich nickel reserves to attract investment into metal processing, production of electric vehicle battery material and ultimately building EVs in the country.The government had banned exports of unprocessed nickel ore to ensure sufficient supplies for investors, which include major metal companies from China, as well as South Korean companies such as LG Energy Solution and Hyundai Motor.Last week, Vale also signed a $2.1 billion deal with China’s Shandong Xinhai Technology and a unit of China Baowu Steel Group to build a refinery to produce ferronickel.Source: https://www.mining.com/web/vale-indonesia-signs-hpal-deal-with-chinas-huayou/
News
07 Sep 2022, 09:28 AM

Coal Production Reached 436.82 Million Tons, 65.89 Percent of Target

www.inews.id
1962 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
2016 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
2080 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
3941 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
2244 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
2102 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

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