PAM Mineral Earns IDR 1.35 Trillion in Sales from Surging Nickel Exports
PAM Mineral Earns IDR 1.35 Trillion in Sales from Surging Nickel Exports
04 Nov 2025, 04:36 AM 931

PT PAM Mineral Tbk (NICL) recorded sales of IDR 1.35 trillion in the third quarter of 2025, soaring 64.82% compared to sales of IDR 821 billion in the same period last year.President Director of PT PAM Mineral Tbk (NICL) Ruddy Tjanaka explained that the increase in sales value was supported by a rise in nickel sales volume from 1,273,855.62 metric tons to 2,404,590.63 metric tons, or up 88.76%.As a result of the sales increase accompanied by cost efficiencies, the company’s gross profit also surged sharply from IDR 293.80 billion in the third quarter of 2024 to IDR 600.92 billion, up 104.53% year on year (YoY). In line with higher gross profit, the gross margin also improved from 35.77% to 44.39%.In step with the higher gross profit, operating profit also jumped from IDR 225.68 billion in the third quarter of 2024 to IDR 504.88 billion in the third quarter of 2025, an increase of 123.71%.Higher sales volume and operating cost efficiency drove net profit for the period to soar to IDR 401.66 billion in the third quarter of 2025, compared to IDR 173.66 billion in the prior period. Net profit for the third quarter of 2025 rose 131.28% year on year.Ruddy said that since the end of 2024, the domestic nickel reference price has fallen 5.20% in line with global trends and the fluctuating momentum in the electric-vehicle battery industry.“We believe this price decline is a short-term fluctuation, and the company remains committed to staying adaptive to current conditions in order to prepare and anticipate,” he said in an official statement quoted Monday (November 3).The company’s total assets in the third quarter of 2025 stood at IDR 971.88 trillion, down around 7.45% compared to 2024’s IDR 1.05 trillion. The company also recorded a decrease in liabilities, to IDR 138.60 billion as of September 2025 from IDR 171.92 billion as of December 2024, due to debt repayments during the period. The company has no long-term bank debt.On the other hand, total equity edged down from IDR 878.18 billion to IDR 833.27 billion in the third quarter of 2025. Operational performance in the third quarter of 2025 had a positive impact on the company’s finances, leaving the balance sheet in a healthy and solid position.As of the third quarter of 2025, production capacity utilization had reached 92.48% of the approved 2025 Work Plan and Budget (RKAB). To meet market needs through year-end 2025, the company has submitted an RKAB renewal to the Ministry of Energy and Mineral Resources to increase its RKAB quota.“Although the company managed to deliver satisfactory operational and financial performance in the third quarter of 2025, it still fell short of our expectations,” Ruddy said.The company estimates that in the fourth quarter of 2025, nickel prices will remain volatile due to the impact of U.S. trade tariff policies, which continue to affect global economic stimulus, compounded by a surplus in supply that could further pressure nickel prices.However, the domestic nickel industry holds strategic opportunities, as tensions between China and Western countries are prompting many nations to seek alternative sources of critical metals. Indonesia can leverage this situation as a key non-China player. In addition, the oversupply situation appears to be easing, reflected in the recovery of domestic nickel benchmark prices.

RMKE Prepares to Complete Second Hauling Road on MEDC-Concession Area
RMKE Prepares to Complete Second Hauling Road on MEDC-Concession Area
03 Nov 2025, 02:16 AM 697

PT RMK Energy Tbk (RMKE), through its subsidiary PT Royaltama Mulia Kencana (RMUK), announced the signing of a Memorandum of Understanding (MoU) for land utilization within the PT Medco E&P Lematang production sharing contract area. The collaboration aims to optimize the use of 500 square meters of land in Bangun Sari Village, Gunung Megang District, Muara Enim Regency, South Sumatra.RMKE stated it is ready to complete the construction of a hauling road to two major mines. The land will be used to build a hauling road facility that will be integrated with RMKE’s Gunung Megang loading station. This step is part of finalizing road access to prospective mines in the Muara Enim–Tanjung Enim area.RMKE–MEDC synergy to build infrastructure in South Sumatra.This initiative will also accelerate the completion of the hauling road facility, which will strengthen connectivity to various prospective mines in the Enim area of South Sumatra that are still under development.President Director of PT RMK Energy Tbk, Vincent Saputra, said that once this infrastructure is completed, coal hauling is expected to become more efficient and smoother, supporting the government’s efforts to achieve national energy security and addressing infrastructure bottlenecks.“With this synergy, we can immediately complete access from prospective mines to our loading station. This facility will accelerate the achievement of our long-term target to haul 20 million tons of coal with seamless connectivity to mines that are not yet in production, since they currently face logistics constraints in South Sumatra,” said Vincent on Monday, November 3, 2025.Through this strategic collaboration, RMKE is committed to supporting sustainable infrastructure development and enhancing the competitiveness of the mining industry in South Sumatra, while contributing to the Government’s program to strengthen national energy security.

Sumber Global Energy (SGER) Subsidiary, SMGA, Expands into the Nickel Smelter Business
Sumber Global Energy (SGER) Subsidiary, SMGA, Expands into the Nickel Smelter Business
02 Nov 2025, 12:46 PM 1173

A subsidiary of PT Sumber Global Energy Tbk. (SGER), PT Sumber Mineral Global Abadi Tbk. (SMGA) has officially entered the nickel smelting business to produce nickel matte. SMGA is moving into nickel in collaboration with PT Hengsheng Nee Energy Material Indonesia.SMGA signed a Strategic Partnership Agreement with PT Hengsheng New Energy Material Indonesia (Hengsheng) on Friday (10/31/2025). Through this partnership, SMGA will acquire a portion of Hengsheng’s shares and collaborate on developing a converter smelter facility to upgrade low-grade nickel matte into high-grade nickel matte.The smelter to be built will use Oxygen Enriched Side Blowing Furnace (OESBF) technology. This is a cutting-edge nickel refining technology that is efficient, environmentally friendly, and proven globally.SMGA Director Hu Bo stated that this partnership is a strategic step to strengthen SMGA’s position in the global nickel industry supply chain and accelerate the transition to a green economy.This move is also part of SMGA’s broader strategy to reinforce Indonesia’s downstream nickel value chain and support the development of a sustainable new-energy industry in the country.“Bulk commodities such as nickel and coal do have cyclical ups and downs, but we are confident that demand for new-energy raw materials will continue to increase. SMGA wants to be at the forefront of transforming Indonesia’s mineral industry with a solid, sustainability-oriented downstream strategy,” said Hu Bo in an official statement, Sunday (11/2/2025).He continued that SMGA’s investment in Hengsheng marks a new chapter in SMGA’s downstream strategy focused on increasing value by converting low nickel matte into high nickel matte. With this vertically integrated model, SMGA strengthens its position as a key player in Indonesia’s integrated nickel ecosystem from upstream to downstream.Furthermore, global nickel demand for electric-vehicle batteries and energy storage systems is rising rapidly. Demand is projected to increase from 545,000 tons in 2024 to more than 1.5 million tons by 2030, growing at around 18.7% per year.“This is a major opportunity we want to seize together with Hengsheng,” he said.Under this partnership, SMGA will play an active role in supplying strategic raw materials such as coal, nickel ore, and black mass (recycled battery material), while ensuring the smooth procurement of converter smelter equipment so Hengsheng can operate at maximum capacity.According to him, Hengsheng’s use of OESBF technology is one of the main factors behind this collaboration. The technology not only improves refining efficiency but also significantly reduces emissions and pollution, in line with the national industrial decarbonization agenda.The SMGA–Hengsheng collaboration is expected to create strong synergies between SMGA’s extensive raw-material sourcing capabilities and Hengsheng’s advanced nickel-refining technology, while strengthening national industrial resilience amid rising global demand for clean-energy materials.The partnership will take effect once stakeholder approvals are obtained and all regulatory prerequisites have been fulfilled.

Indonesia Controls 60% of the Global Nickel Market, PP Presisi Transforms into the Mining Sector
Indonesia Controls 60% of the Global Nickel Market, PP Presisi Transforms into the Mining Sector
31 Oct 2025, 10:47 AM 581

PT PP Presisi Tbk. is currently focused on becoming a leading national mining and construction company. This strategy is driven by the significant opportunities in the mining sector that must be seized.PP Presisi’s Operations Director, Yovi Hendra, said the company is capable of independently executing large-scale projects with high operational challenges because it has an adequate heavy-equipment fleet.“We run operations efficiently and innovatively. Our core business lines include mining services and construction, supported by heavy-equipment leasing which is a competitive advantage in maintaining productivity,” he said in Jakarta, Thursday (October 30, 2025).Meanwhile, PP Presisi’s President Director, Rizki Dianugrah, said Indonesia’s natural resources are very strong, strategic, and highly relevant to supporting PP Presisi’s business transformation.“Indonesia accounts for around 60% of global nickel production and ranks first, then sixth for bauxite, and second for tin. Given this potential, PP Presisi’s move to transform toward the mining sector is highly relevant,” he explained.PP Presisi is committed to improving efficiency and productivity through resource optimization, technology adoption, and corporate governance. From early 2025 to September, PP Presisi demonstrated success by maintaining operational efficiency, controlling operating expenses, and mitigating potential asset impairment losses.In the first nine months of 2025, the corporation booked net revenue of IDR 2.77 trillion, slightly higher than the same period last year at IDR 2.72 trillion. In terms of profitability, gross profit rose to IDR 577.96 billion from IDR 507.11 billion previously.Furthermore, based on the consolidated financial statements as of September 30, 2025, PP Presisi’s total assets reached IDR 7.94 trillion, up from IDR 7.65 trillion at the end of 2024. Of that amount, current assets dominated at IDR 5.89 trillion, while non-current assets were recorded at IDR 2.05 trillion.On the liabilities side, PP Presisi’s total liabilities stood at IDR 4.27 trillion, while equity increased to IDR 3.67 trillion compared to IDR 3.49 trillion at the end of last year. This financial structure indicates the company’s ability to maintain liquidity and solvency amid challenges in the national construction and mining industries.

Entering the Nickel Smelter Business, SG Energy’s Subsidiary Partners with Hengsheng New Energy
Entering the Nickel Smelter Business, SG Energy’s Subsidiary Partners with Hengsheng New Energy
31 Oct 2025, 08:37 AM 1181

A subsidiary of PT Sumber Global Energy Tbk (SGER), PT Sumber Mineral Global Abadi Tbk (SMGA), has officially entered the nickel smelting business.On Friday (October 31, 2025), SMGA announced that it had signed a Strategic Partnership Agreement with PT Hengsheng New Energy Material Indonesia (Hengsheng).Through this partnership, SMGA will acquire a portion of Hengsheng’s shares and collaborate on developing a converter smelter facility to upgrade low-grade nickel matte into high-grade nickel matte.The smelter to be built will use Oxygen-Enriched Side Blowing Furnace (OESBF) technology. SMGA stated that this is an advanced nickel refining technology that is efficient, environmentally friendly, and proven globally.SMGA Director Hu Bo said the partnership is a strategic step to strengthen SMGA’s position in the global nickel industry supply chain and accelerate the transition toward a green economy.This move is also part of SMGA’s broader strategy to reinforce the domestic nickel downstream supply chain and support the development of a sustainable new-energy industry in Indonesia.“Bulk commodities such as nickel and coal do have cyclical ups and downs, but we are confident that demand for new-energy raw materials will continue to grow. SMGA aims to be at the forefront of Indonesia’s mineral industry transformation with a robust, sustainability-oriented downstreaming strategy,” said Hu Bo in a press release, Friday (October 31, 2025).SMGA’s investment in Hengsheng marks a new chapter in its downstream strategy, focusing on value creation by converting low nickel matte into high nickel matte. With this vertical integration model, SMGA strengthens its position as a key player in Indonesia’s integrated nickel ecosystem from upstream to downstream.Global nickel demand for electric vehicle batteries and energy storage systems is rising rapidly. Demand is projected to increase from 545,000 tons in 2024 to more than 1.5 million tons by 2030, growing about 18.7 percent per year.“This is a major opportunity we intend to capture together with Hengsheng,” he added.Under the partnership, SMGA will play an active role in supplying strategic raw materials such as coal, nickel ore, and black mass (recycled battery materials), while ensuring smooth procurement of the converter smelter so Hengsheng can operate at maximum capacity.The OESBF technology used by Hengsheng is one of the key reasons for this collaboration. The technology not only improves refining efficiency, it also significantly reduces emissions and pollution, aligning with the national industrial decarbonization agenda.The collaboration between SMGA and Hengsheng is expected to create strong synergies between SMGA’s broad raw-material sourcing capabilities and Hengsheng’s advanced nickel refining technology, while strengthening national industrial resilience amid growing global demand for clean-energy materials.The partnership will take effect upon receiving approvals from relevant stakeholders and fulfillment of all regulatory prerequisites.

Downstreaming as the Key to Indonesia’s Economic Independence, Government Prepares 18 Projects Wor...
Downstreaming as the Key to Indonesia’s Economic Independence, Government Prepares 18 Projects Wor...
31 Oct 2025, 02:18 AM 487

The government continues to drive the downstreaming of natural resources as a core strategy toward Indonesia’s economic self-reliance. Minister of Energy and Mineral Resources (ESDM) Bahlil Lahadalia emphasized that downstreaming is not just an economic policy, but a mandate of Article 33 of the 1945 Constitution so that natural wealth is utilized to the greatest benefit of the people.Breaking Free from Dependence on Raw Material ExportsFor years, Indonesia’s economy has relied on exporting raw materials such as nickel, bauxite, and gold. The values are large, but most of the gains are captured by other countries that process these materials.“Downstreaming is the key to true self-reliance. A strong nation is one that can process its own natural resources into high value-added products,” said Bahlil.18 Downstream Projects Worth IDR 618 TrillionAs a concrete step, the government has established the Task Force for Accelerating Downstreaming and National Energy Resilience to expedite 18 priority projects with a total investment value of more than IDR 618 trillion under the management of BPI Danantara.These projects cover the mineral, energy, agriculture, and maritime sectors, with 67 percent of locations outside Java as a form of equitable development.Several strategic projects being prepared include:• PT Freeport Indonesia’s gold smelter• Electric vehicle battery industry with 15 gigawatts (GW) of capacity• Alumina, manganese sulfate, stainless steel slab, and solar module plants• Bio-avtur facilities and national oil storageDriving Job Creation and Strengthening Human ResourcesThe downstream industrialization program is expected to generate more than 276.000 new jobs across various industrial sectors. The government remains committed to enhancing the competencies of the local workforce through national training and certification programs, ensuring that workers are well-prepared to compete in technology-driven industries.Strategic Steps Toward Economic SovereigntyDownstreaming has now become a main pillar in building national economic sovereignty. By processing natural resources domestically, Indonesia can increase export value, strengthen industry, and reduce dependence on other countries.Bahlil affirmed, “Downstreaming is no longer a discourse, but a concrete strategy to achieve fair and sustainable management of natural resources.”

Strengthening In The Mining Sector, PP Presisi Bags Profit Of IDR 194.69 Billion In Q3 2025
Strengthening In The Mining Sector, PP Presisi Bags Profit Of IDR 194.69 Billion In Q3 2025
30 Oct 2025, 02:16 AM 772

PT PP Presisi Tbk (PPRE) has again proven its resilience by making solid financial performance until the third quarter of 2025 by posting a net profit of IDR 194.69 billion.This achievement was conveyed in the PP Presisi 2025 Public Expose (PUBEX) which was held on Thursday, October 30, 2025 at Wisma Subiyanto, Plaza PP, East Jakarta, which was attended by the Board of Directors, namely President Director Rizki Dianugrah, Director of Operations Yovi Hendra, and Finance & Human Capital Management Director Mohammad Arif Iswahyudi.In his presentation, Arif Iswahyudi emphasized that the positive performance of PPRE was supported by mining services and construction which was stable throughout 2025."PP Presisi is committed to increasing efficiency and productivity through optimizing resources, implementing technology, and managing the company," he said.During the first nine months of 2025, the Company posted a net income of IDR 2.77 trillion, slightly increasing compared to IDR 2.72 trillion in the same period last year. In terms of profitability, gross profit rose to IDR 577.96 billion from the previous IDR 507.11 billion.The increase reflects the Company's success in maintaining operational efficiency, controlling operating expenses, and reducing potential loss of asset value.The consolidated financial statements as of September 30, 2025 showed that the total PPRE assets reached IDR 7.94 trillion, an increase from IDR 7.65 trillion at the end of 2024. Of this amount, current assets dominated IDR 5.89 trillion, while non-current assets were recorded at IDR 2.05 trillionIn terms of liabilities, the Company's total liabilities were recorded at IDR 4.27 trillion, while equity increased to IDR 3.67 trillion compared to IDR 3.49 trillion at the end of last year. This financial structure shows the Company's ability to maintain liquidity and solvability amid the challenges of the national construction and mining industry.

Antam–BRIN Collaborate to Enhance Efficiency and Innovation in the Mining Sector
Antam–BRIN Collaborate to Enhance Efficiency and Innovation in the Mining Sector
29 Oct 2025, 10:49 AM 769

PT Aneka Tambang Tbk (ANTM), a member of MIND ID, signed a memorandum of understanding (MoU) with the National Research and Innovation Agency (BRIN) to optimize the utilization of natural resources in Indonesia.The cooperation agreement was signed at the Indonesia Research and Innovation Expo (InaRI Expo) 2025 on Tuesday (October 28, 2025), at the Innovation Stage, Jakarta International Expo (JIEXPO) Kemayoran, Hall A.Through this collaboration, Antam is committed to enhancing natural resource processing by leveraging BRIN’s research and technology.The partnership covers not only research, but also production, operational efficiency, and innovation-driven business development.Antam President Director Achmad Ardianto emphasized the importance of synergy between research and industry as a strategic step to strengthen national competitiveness in the mining sector.“The primary focus of research is not limited to the extraction of natural resources, but also development for operational efficiency and other business needs. We hope this collaboration will deliver maximum benefits for the nation, while opening opportunities for BRIN to apply its capabilities and expertise to Indonesia’s mining industry,” said Achmad Ardianto in an official statement.Since its inception, industry has been a strategic partner for BRIN, forming the basis for the establishment of the Directorate of Research and Innovation Utilization.BRIN is working to gradually apply research outputs to strengthen national industry while driving national self-reliance.“We are opening our doors as widely as possible to support industry with technological enablers that can address real-world challenges. BRIN’s partnerships with industry across sectors must continue to be built so that research stays closer to actual market needs,” said BRIN Deputy for Research and Innovation Utilization, R. Hendrian.Previously, BRIN Head Laksana Tri Handoko stated that InaRI Expo is not merely an exhibition of research outcomes, but also a stage for interaction between science, industry, and society.“Amid the rapid development of AI and other frontier technologies, Indonesia has a major opportunity to become a key player in a knowledge-based economy. Research and innovation must not stop in the laboratory; they must transform into practical solutions that deliver direct impact on economic development and public welfare,” said Laksana Tri Handoko.According to Laksana, synergy between research and industry is the key to building a knowledge-based industry that can reinforce national self-reliance through the development of high value-added commercial products with global competitiveness.

PPRE Expands to ANTM Nickel Mine, Q3 Profits Soar 1,280%
PPRE Expands to ANTM Nickel Mine, Q3 Profits Soar 1,280%
25 Oct 2025, 10:54 AM 926

PT PP Presisi Tbk (PPRE) has secured a new contract worth IDR 150 billion in the nickel mining sector, located in North Konawe, Southeast Sulawesi.The project involves the leasing of heavy equipment and operational support for the nickel mining business unit (UBPN) of PT Aneka Tambang Tbk (ANTM).PPRE President Director, Rizki Dianugrah, stated that this new contract strengthens the company’s position in expanding its mining services portfolio, particularly in the nickel sector, which plays a vital role in the national electric vehicle supply chain.“We are committed to continuously improving productivity, efficiency, and operational sustainability to deliver added value for all stakeholders,” Rizki said in a written statement on Friday (24 October 2025).He added that the expansion aligns with PPRE’s long-term vision to become a leading integrated mining and construction services company in Indonesia. The company is enhancing its operational support with a fleet of modern heavy equipment and experienced professionals.As previously reported by IDNFinancials.com, PT Pembangunan Perumahan Presisi Tbk (PPRE) recorded a net profit of IDR 104.9 billion by the third quarter of 2025, a sharp increase of 1,280% compared to IDR 7.6 billion in the same period last year.The construction segment continued to contribute approximately 91.1% of Q3 2025 revenue, amounting to IDR 2.5 trillion.Meanwhile, although the performance of the leasing and ready-mix segments weakened, the mining segment saw a significant surge, with its contribution soaring by 1,668.2%—or 17.7 times higher—to IDR 191.1 billion

PT Vale Provides IDR 70 Billion PPM Funding in Morowali
PT Vale Provides IDR 70 Billion PPM Funding in Morowali
25 Oct 2025, 05:42 AM 714

PT Vale has disbursed funds for its Community Development and Empowerment Program (PPM) in Morowali reaching tens of billions of rupiah through the fourth quarter of 2025.PT Vale is committed to ensuring the economic benefits of the IGP Morowali project are tangibly felt by the community through various empowerment and social development programs by continuously strengthening the PPM Program.As part of the MIND ID group, PT Vale Indonesia’s IGP Morowali is committed to implementing the PPM program in line with the Morowali Regency Medium-Term Regional Development Plan (RPJMD). The program includes support for education, health, skills training, local economic development, and village infrastructure development in areas around the mine, including Bahomotefe Village.Recorded from 2015 through Q4 2025, PT Vale has allocated PPM funds totaling IDR 70 billion across all assisted villages as proof of its commitment to social investment.One implementation of the PPM Program in the IGP Morowali empowerment area under the Economic Independence pillar was training on producing nata de coco and standardizing smoked-fish packaging. The training was held in Laroue Village, East Bungku, Morowali, Monday–Wednesday (March 4–6, 2024).This training aimed to equip the community with new skills based on abundant local commodities and to increase the added value of local production.A total of 20 participants took part, consisting of Laroue residents, representatives of the Family Welfare Empowerment Team (TP-PKK), and smoked-fish entrepreneurs in the empowerment area. The East Bungku subdistrict head, Sukman Gamal, opened the training.The Director of Mine Project IGP Morowali, Wafir, stated that this inaugural activity is one of the company’s efforts to help communities become more self-reliant through local economic development and skills enhancement.Another PPM implementation is the Sustainable, Environmentally Friendly Healthy Agriculture Program (PSRLB) using PT Vale’s Organic System of Rice Intensification (SRI) method. This program targets dozens of farmers in 13 assisted villages in Morowali Regency within the Indonesia Growth Project (IGP) Morowali area.Wafir explained that since 2022, PT Vale’s PPM has implemented the PSRLB through PT Vale’s Organic SRI—or organic rice—and has expanded to other organic agriculture programs such as vegetable commodities and the cultivation of organic herbal plants.“In Morowali, the initial stage in 2022 involved 12 farmers across four assisted villages—Kolono, Ululere, Bahomoahi, and Bahomotefe—with a total cultivated area of 1.2 hectares. Today, it has grown to 90 farmers in 13 villages, including 25 rice farmers with a total organic paddy area reaching around 6.8 hectares. From that area, organic rice harvests hit a record 17.6 thousand kilograms,” he said.Beyond organic rice, PT Vale recorded 25 vegetable farmers and 40 herbal farmers from village TP-PKK groups, with total organic vegetable harvests in 2023 amounting to 78 kilograms.“The success of the mining industry is measured not only by production output, but by how far its presence opens opportunities and brings positive change to surrounding communities,” Wafir emphasized.The commitment to developing local talent is also implemented so they can be absorbed into the mining industry within the IGP Morowali area in various roles—ranging from permanent company employees, partnership-based workers through local companies, to employees of local contractor firms.With a spirit of collaboration and sustainability, PT Vale remains committed to strengthening partnerships with all stakeholders, ensuring every development step aligns with national goals to realize competitive nickel downstreaming and deliver impact for the welfare of the people of Morowali and Indonesia—among others by channeling PPM funds in its empowerment areas.

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