Indonesia Miner Conference & Exhibition 2026

MIND ID Posts Rp 22 Trillion Net Profit in 2022

19 Mar 2023, 12:00 PM 5243

State-run mining industry holding MIND ID recently announced on the weekend that it had posted Rp 22 trillion or about $1.43 billion in net profit in 2022. This marks a huge jump from the group’s net profit in the previous year which totaled Rp 14.33 trillion. MIND ID encompasses state-run mining firms Bukit Asam (PTBA), Timah (TINS), Aneka Tambang (ANTM), Vale Indonesia (INCO), and Freeport Indonesia. The group’s revenue skyrocketed from Rp 93.75 trillion in 2021 to Rp 120 trillion last year.  In 2023, MIND ID is aiming for a Rp 30 trillion net profit.“President Joko Widodo and State-Owned Enterprise Minister Erick Thohir have assigned us to make a downstream industry roadmap, including one on the electric vehicle industry. That is why we are refocusing our capital expenditure in that sector. We had a bottom line of Rp 22 trillion [net profit] last year,” MIND ID corporate secretary Heri Yusuf said in a statement. MIND ID has designed a roadmap for the development of homegrown battery electric vehicles. In 2022-2023, the group will focus on establishing a joint venture with battery giants China’s CATL and South Korea’s LG Energy Solution. In 2023-2024, the group via the Indonesia Battery Corporation (IBC) will start producing its first batteries for two-wheelers. This is the reason why the IBC acquired the electric motorbike manufacturer Gesits. Ferdy Hasiman, a researcher at Alpha Research Database, said MIND ID had been doing well over the past years.“The [members] mesh quite well. With a state-owned mining holding, we are optimistic. Hopefully, we can rely on our state-owned mining firms to give our state revenue a boost, and become a pioneer in the country’s mining industry,” Ferdy said over the weekend. According to Ferdy, MIND ID should also play a more active role in helping Indonesia reach a net zero emission. Mining commodities are key to the transition to clean energy. For instance, nickel is a mainstay for EV battery production. Coal is also pivotal for the production of dimethyl ether (DME) which is an alternative to liquefied petroleum gas (LPG). “MIND ID must get ready to run the energy transition program at President Jokowi’s behest. Because the holding member companies can dominate the energy transition market. Performance-wise, they are already on track,” Ferdy said while adding that he had high hopes for MIND ID’s performance this year.Source: https://jakartaglobe.id/business/mind-id-posts-rp-22-trillion-net-profit-in-2022

Trimegah Bangun Persada (NCKL) Will Double Production and Sales

18 Mar 2023, 04:02 PM 5630

After conducting an initial public offering (IPO), PT Trimegah Bangun Persada Tbk (NCKL) is preparing to double its nickel production.NCKL Director Suparsin Darmo Liwan said that NCKL's nickel production will increase this year, in line with the increase in production capacity. In 2022, the output capacity of processing using the Rotary Kiln Electric Furnace (RKEF) technology is 25,000 metric tons of nickel. This year, production from RKEF is targeted to quadruple to 100,000 metric tons Meanwhile, last year's production of Mixed Hydroxide Precipitate (MHP) was at 40,000 metric tons. MHP production is projected to increase to 60,000 metric tonnes from April 2023, and is expected to increase by another 60,000 tonnes next year.The increase in NCKL production will have an impact on increasing sales this year. "At least there is a two-fold increase from 2022. However, the projection again depends on nickel prices in the market, because prices are very volatile," said Suparsin in a public expose held Friday (17/3). Taking a peek at financial performance, NCKL's revenue from contracts with customers reached IDR 9.04 trillion from January to November 2022. This number increased by 17.32% compared to the same period the previous year. NCKL also recorded other income of IDR 231.30 billion, an increase of 255.82% compared to the same period the previous year of IDR 65 billion.NCKL succeeded in reducing selling, general and administrative expenses by 9.05% from IDR 873.45 billion to IDR 794.43 billion. Thus, NCKL's profit for the period shot up 207.95% from IDR 1.39 trillion as of November 2021 to IDR 4.30 trillion as of 30 November 2022. Earnings per share also rose from IDR 23.16 per share to IDR 78.63.Source: https://investasi.kontan.co.id/news/siap-ipo-trimegah-bangun-persada-nckl-bakal-gandakan-produksi-dan-penjualan

Vale Wins KLHK Award for the Best Mining Reclamation Management

17 Mar 2023, 12:00 PM 5306

PT Vale Indonesia Tbk (PT Vale) received an award as the best partner of the Ministry of Environment and Forestry (KLHK) in 2023, as a PPKH holder with a Commitment to Continuing Watershed Rehabilitation and Reclamation. The award for PT Vale was given at the "Awarding of Achievement ASN KLHK and KLHK Partners Awards", as a series of commemorations of the 40th Forester Service Day, Thursday, March 16 2023, which took place at the Manggala Wanabakti Building, Jakarta.PT Vale CEO Febriany Eddy received the certificate of appreciation directly from the Minister of the Ministry of Environment and Forestry Siti Nurbaya Bakar. Land rehabilitation is part of PT Vale's commitment to implementing good mining practices. In total, PT Vale Indonesia has rehabilitated more than 16 thousand hectares of land in three provinces, namely South Sulawesi, Central Sulawesi and West Java until 2023. In the area of operation, PT Vale ensures the maintenance of biodiversity, with the presence of a nursery center facility, as well as plans to breed endemic butterflies.CEO of PT Vale, Febriany Eddy said, this award is not only a sign of honor for PT Vale Indonesia, but also a reminder for the company to continue to prioritize sustainable mining practices in all business lines. "Thank you for the award given by the Ministry of Environment and Forestry, of course this will motivate us to continue implementing good mining practices in all operational areas. This is also in line with the company's values of respecting the earth and people," he said.Source: https://fajar.co.id/2023/03/17/terapkan-good-mining-practice-pt-vale-raih-penghargaan-klhk-bidang-pengelolaan-reklamasi-tambang-terbaik/

Ifishdeco to convert subsidiary's debts to capital

17 Mar 2023, 12:00 PM 5268

PT Ifishdeco Tbk (IFSH), a nickel mining issuer, has signed the joint agreement to convert some of its subsidiary’s debts to extra capital. Leman Suti, Director of IFSH, revealed that the subsidiary whose debts are converted to additional capital is PT Patrindo Jaya Makmur (PJM). The amount of debts of PJM that are converted to extra capital reaches IDR 57.6 billion.“It is a way to cut off financial expenses in the financial report of the company and its subsidiary given the subsidiary in question has negative working capital and equity,” Suti mentioned in the official statement earlier today (17/3).After converting some of the debts, the total IFSH’s portion in PJM will rise to 117,000 units from the initial 1,800 shares. Meanwhile, the company’s stock portion in PJM will remain stable at 90%.According to IDNFinancials data, until December 31, 2022, IFSH recorded cash and cash equivalent of IDR 97.28 billion. Its total assets and equity were also reported at IDR 1.09 trillion and IDR 777.99 billion. Source: https://www.idnfinancials.com/news/46358/ifishdeco-convert-subsidiary-debts-capital

Lemhannas Recommends Tin as National Strategic Commodity

17 Mar 2023, 09:00 AM 5568

Governor of the National Defense Institute (Lemhannas) of Indonesia Andi Widjajanto has recommended that tin from Bangka Belitung Islands province (Babel) be designated as a strategic commodity to boost national economic growth. "We will recommend tin as a strategic commodity to the President of the Republic of Indonesia Joko Widodo," he informed after the “2023 Long-Term Study Focus Group Discussion (FGD)” themed "Returning tin into a strategic mineral in order to secure control of mineral assets” in Pangkalpinang on Friday afternoon.He said he supports designating tin as a strategic commodity to make Indonesia one of the world's major tin players."The homework is to rearrange the governance of tin mining from upstream to downstream. With mutually agreed governance, it will enable the downstreaming of the tin industry to the manufacturing industry," he added. According to him, Lemhannas will use the results of the FGD as inputs while conveying aspirations to President Joko Widodo (Jokowi) in relation to how the process of strengthening governance is in accordance with the draft devised by the Ministry of Energy and Mineral Resources in July 2021."The operational challenges have been conveyed, they have been paid attention to, so we just need to arrange them in Jakarta to become strategic recommendations to President Jokowi," he said. He added that the governance of mining activities must be 100-percent legal because it would be strange to have something continuing to be illegal in a rule-of-law state. "We have to reorganize and all tin miners must be legal and pay attention to the people's miners working together with state-owned PT Timah corporation because we from the government certainly rely on PT Timah as a way forward," he said.Source: https://en.antaranews.com/news/275895/lemhannas-recommends-tin-as-national-strategic-commodity

Indonesia Set to Become Third-Largest Lithium Battery Producer: Luhut

16 Mar 2023, 12:00 PM 6170

Chief Investment Minister Luhut Binsar Pandjaitan recently said that Indonesia would become the third-largest producer of lithium batteries by 2028, as the Southeast Asian country worked to expand its downstream industry.“By 2025, we can produce our own lithium batteries. And so we will be the world’s third largest lithium battery producer by 2027 or 2028,” Luhut told the 2023 DBS Asian Insights Forum in Jakarta on Wednesday.“So don’t look down on Indonesia,” Luhut said.Government data shows that there is $31.9 billion worth of investment in the pipeline for Indonesia’s battery chain development until 2026. About $12.35 billion will be invested in Kalimantan. Also in the pipeline is investment totaling $9.84 billion in Sulawesi, and the remaining $9.78 billion is in North Maluku.Indonesia attracted $45.6 billion in foreign direct investment (FDI) last year, and this sets a new high since 2000, according to the government. Indonesia also attributed this high FDI to its downstream industry policy, in which the country favors processing its ores at home for higher added value rather than exporting raw materials.“Developed countries love us when we export raw ores, but I told them ‘enough is enough’,” Luhut said while adding that Indonesia is now exporting iron and steel, rather than unprocessed ores.Indonesia’s full ban on unprocessed nickel ore export came into force in Jan. 2020. The government reported nickel downstream exports stood at $33.8 billion in 2022, of which $14.3 billion were iron and steel exports.The nickel ore export ban led to the European Union (EU) filing a lawsuit against Indonesia at the World Trade Organization (WTO). The EU feared that the ban could hamper the bloc's stainless steel production. Although the WTO panel ruled in favor of the EU, Indonesia has launched an appeal.Indonesia is planning to extend this ban to other minerals such as bauxite.The ban on unprocessed bauxite ores is slated to be in place in June 2023. The Indonesian government is expecting a lawsuit from China. About 90 percent of Indonesia’s bauxite ore exports go to China.Source: https://jakartaglobe.id/business/indonesia-set-to-become-thirdlargest-lithium-battery-producer-luhut

Weda Bay Nickel books Thiess for four year ore hauling contract

16 Mar 2023, 09:00 AM 6016

Mining services major Thiess has announced that it has secured a four-year ore hauling contract with Weda Bay Nickel, the largest nickel player on Halmahera Island, North Maluku, Indonesia. PT Weda Bay Nickel is owned 90% by Strands Mineral (held by Eramet 43% and Tsingshan 57%). PT Antam owns the remaining 10%.The contract, valued at around IDR1.3 trillion (A$125 million), will commence in May 2023 and run for 48 months. Thiess’ scope of works includes ore loading, hauling and stockpile maintenance.Thiess Executive Chair & CEO Michael Wright said: “We are very excited to embark on this new partnership with Weda Bay Nickel and to contribute to the growth of Indonesia’s thriving nickel industry, a metal critical to enabling the global energy transition. Sustainability is a top priority for Thiess, and we are committed to making a real difference to the sustainability of our clients’ operations.”He adds: “This is our first nickel operation in Indonesia, and demonstrates our ability to execute against our diversification strategy. Our team is looking forward to working with Weda Bay Nickel to create a mutually-beneficial and sustainable operation.”Thiess Group Executive – Asia Cluny Randell said: “We are thrilled to have the opportunity to join the nickel industry in Indonesia and to partner with Weda Bay Nickel. We are dedicated to building strong relationships with the local community in Halmahera and to working together to create a positive impact. We see this partnership with Weda Bay Nickel as the beginning of a long and successful journey in the region.”As part of Thiess’ ongoing commitment to sustainable mining, the company will deploy new Euro 5 Emission Standard trucks to reduce emissions from its mining services. Thiess will also establish a safe, diverse and inclusive workplace through initiatives such as fatigue monitoring technology on all ore haulers, and expanding its female operator training program for local women interested in joining the mining industry.Source: https://im-mining.com/2023/03/16/weda-bay-nickel-books-thiess-for-four-year-ore-hauling-contract/

Delta Dunia Makmur (DOID) Books IDR 453.21 Billion Profit

15 Mar 2023, 10:00 AM 5749

Issuer coal contractor PT Delta Dunia Makmur Tbk. (DOID) posted an increase in net income to US$1.55 billion or equivalent to Rp.23.88 trillion in 2022 (jisdor exchange rate of Rp.15,380). Meanwhile, DOID recorded a net profit of IDR 453.21 billion, an increase of 10,107 percent. Based on DOID's consolidated financial report data, the issuer's revenue rose 70.65 percent to US$1.55 billion from the previous year which was recorded at US$910.54 million. The increase in revenue came from heavy equipment rental services by PT Berau Coal by 30 percent or US$467.61 million, PT Indonesia Pratama by US$270.51 million or 17 percent of total revenue. Then PT Adaro Indonesia with 15 percent or the equivalent of US$225.61 million and BM Alliance Coal Operations Pty Ltd. US$159.85 million or 10 percent of total revenue.Along with increased revenue, DOID's cost of goods also swelled 79.87 percent to US$1.34 billion, or the equivalent of Rp.20.60 trillion compared to the previous year which was recorded at US$775.68 million. As a result, DOID's gross profit was recorded at US$203.75 million or equivalent to Rp.3.22 trillion. Meanwhile, profit for the year was recorded at US$28.63 million or equivalent to Rp453.21 billion. This figure was observed to have increased by 10,107.13 percent compared to the previous year which was only recorded at US$280,546 or the equivalent of Rp.4.44 billion. Meanwhile, this coal mining issuer posted liabilities of US$1.31 billion, equivalent to Rp.20.14 trillion, with details of long-term liabilities of US$895.39 million and short-term liabilities of US$419.46 million.Source: https://market.bisnis.com/read/20230315/192/1637522/delta-dunia-makmur-doid-bukukan-laba-rp45321-miliar-naik-10107-persen

Golden Energy Mines (GEMS) Prepares USD 33 million Capex

14 Mar 2023, 12:00 PM 5620

PT Golden Energy Mines Tbk (GEMS) is preparing capital expenditure of US$ 33 million or the equivalent of Rp. 508.2 billion (exchange rate of Rp. 15,400/USD) in 2023. The capital expenditure (capex) funds prepared this year are larger than last year's US$ 25 million or equivalent to Rp. 385 billion. President Director of Golden Energy Mines, Bonifasius, explained that last year his party budgeted a capex of US$ 25 million. In 2023, his party has prepared US$ 33 million for a number of needs. "This year we will allocate capex for port facilities and infrastructure, hauling roads including for supporting facilities," he explained to Kontan.co.id, Monday (13/3).Boniface further explained that the available capex budget is also used to support the Company's operational performance. Regarding the business prospects this year amid the continuing slump in coal commodity prices, Bonifasius stated that his party is still paying close attention to global conditions in global prices. But aside from that, he remains optimistic. "GEMS will do its best to achieve optimal performance," he said. Bonifasius emphasized that throughout this year, GEMS will continue to achieve 2022 performance and remain focused on performance that is beneficial to all stakeholders. GEMS targets production to increase by 5% -7% compared to the 2022 realization. This target has of course been approved by the Government's Work Plan and Budget (RKAB).Source: https://stocksetup.kontan.co.id/news/golden-energy-mines-gems-menyiapkan-belanja-modal-us-33-juta-tahun-ini

Habco Trans Won IDR 3,3 Trillion Contract from Tsingshan Group

13 Mar 2023, 02:23 PM 6338

PT Habco Trans Maritima Tbk (HATM), a sea transportation company, signed a cargo transportation contract with Guang Ching Nickel and Stainless Steel (GCNS), part of the Tsingshan Group for a duration of 7 years. The amount of cargo transported for Tsingshan or GCNS reaches 4.2 million matrix tons (MT) per year with a potential revenue contribution of IDR 475 billion per year. Thus, for 7 years PT Habco Trans Maritima Tbk (HATM) has the potential to earn IDR 3.3 trillion in revenue."This collaboration is effective as of January 2023," said Main Director of PT Habco Trans Maritima Tbk (HATM) Andrew Kam, quoted by Investor Daily Monday (13/2/2023). He said the company upholds HATM's good relations with Tsingshan and GCNS. "This long-term transportation contract will be a symbol for HATM to prioritize and maintain the level of customer trust," he said.PT Habco Trans Maritima Tbk (HATM) is a company specializing in the operation of bulk carrier vessels which is part of integrated maritime solutions for the holding company PT Habco Primatama. Head of Energy Procurement Manager, Tsingshan Group Sam Song said Tsingshan Group is happy to work with PT Habco Trans Maritima Tbk (HATM), because it is responsive in communicating what is needed."Tsingshan Group wants to have a long business partnership with Habco Trans Maritima to support our business in Indonesia," he said. In a recent disclosure of information on the Indonesia Stock Exchange (IDX), HATM signed a credit agreement with BCA worth IDR 150 billion. The funds are used to purchase a new fleet of ships. PT Habco Primatama was founded in 1991 and has developed a sea transportation business from upstream to downstream. Habco Group's services focus on maritime logistics such as barging, stevedoring, floating cranes, docking and shipyards. The shipping sector, especially bulk carrier services, has a mid-to-high barrier to entry due to high demand for vessels and rising prices for iron materials. It is predicted that the number of bulk carrier fleet will only increase by 0.9% during the coming 2024-2026.Source: https://www.beritasatu.com/ekonomi/1032394/habco-trans-raih-kontrak-dari-tsingshan-group-rp-33-t

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