PLN Supply 35 MVA Electricity to Gold Mine in Gorontalo
PLN Supply 35 MVA Electricity to Gold Mine in Gorontalo
10 Aug 2022, 04:24 PM 4853

PT PLN (Persero) will supply electricity of 35 megavolt amperes (MVA) to support gold mining operations owned by PT Gorontalo Sejahtera Mining. Adi Priyanto, Regional Business Director for Sulawesi, Maluku, Papua and Nusa Tenggara at PLN, emphasized that PLN is ready to provide and manage reliable electricity infrastructure to encourage the development of the national mining industry. PLN will supply electricity through the network with a voltage of 150 kV."We hope that PLN's services can increase investor confidence to support the potential for industrial development in the Gorontalo area and its surroundings. We certainly continue to be committed to maintaining this trust as well as possible, both in terms of reliability and quality ," Adi said, Wednesday (10/8). The commitment to supply PT GSM's electricity needs is stated in the Power Purchase Agreement. Furthermore, Adi said the MoU is a form of trust from customers who have handed over electricity affairs to PLN. For this reason, PLN is committed to maintaining the trust of customers.“We make sure that the supply for Gorontalo is generally safe. For this reason, entrepreneurs and the public do not need to worry about electricity shortages," said Adi. He hopes that through this collaboration, the synergy between PLN and Gorontalo Sejahtera Mining can run well, legally, technically and commercially. In 2023 – 2024, PLN is preparing to connect the North, Central and Gorontalo electricity systems with the South Sulawesi Electricity System. That way, it will have an impact on the ability of a very reliable electrical system.The current supply of electricity in North Sulawesi, especially Gorontalo, is 627.32 megawatts (MW). The peak load is at 425.11 MW and the power reserve is 202.21 MW. This condition makes PLN feel very ready to serve the needs of industrial customers and the general public. "We are committed to serving customer needs, so that PT GSM's production can increase and serve its contracts," said Adi.Since 2020, PLN has carried out a transformation with the title of power beyond generation . This transformation consists of four aspirations, namely green, lean , innovative and customer focused . With this aspiration, PLN is committed to supplying all electrical power needs as well as stimulating community economic growth.On the same occasion, the President Director of Gorontalo Sejahtera Mining, Boyke P Abidin, said that alternative energy from PLN not only supports mining operational needs, but also ensures that the electricity used comes from good energy sources. “Thanks to PLN, we were given the opportunity to become customers. This is the second MoU that I have signed after the previous one for the gold mine in Banyuwangi which is managed by PT Bumi Suksesindo (BSI),” he said.According to Boyke, the need for clean energy supports the ease of financing. Meanwhile, later PT GSM also expects the issuance of a renewable energy certificate or PLN's Renewable Energy Certificate (REC). PLN's electricity supply is expected to support the exploration and exploitation of gold mines located in Pohuwatu Regency, Gorontalo Province. Boyke added that the development of this gold mine has been prepared in the last 10 years with a concession period of up to the next 20 years. "This is a pretty big project. If we become PLN customers, of course we will become loyal customers," he said.Source: https://www.dunia-energi.com/pln-pasok-listrik-35-mva-ke-tambang-emas-di-gorontalo/

PLN: Coal Supply Declining
PLN: Coal Supply Declining
10 Aug 2022, 12:23 PM 4520

President Director of the State Electricity Company (Persero) ( PLN ) Darmawan Prasodjo has  been outspoken about the increasingly tight supply of coal entering the second semester of 2022. He said the low supply of black gold for the company's steam power plant (PLTU) was due to the low effectiveness of the assignments given by coal companies through the domestic price obligation (DMO).Darmawan said the Ministry of Energy and Mineral Resources (ESDM) had assigned an additional allocation of 31.8 million metric tons (MT) of coal from January to July 2022. The additional assignment was given in line with the trend of increasing electricity demand following the recovery from the pandemic. "However, from the assignment, the effectiveness is around 45 percent, namely 14.3 million MT that has been contracted from the addition," said Darmawan in a joint hearing with Commission VII DPR RI, Tuesday (9/8).Although it is still safe, he said, if this condition continues, it is possible that the coal crisis could haunt PLN again. "We see a downward trend. This means that if this condition is allowed to drag on, then conditions that were previously safe can shift into a crisis again," said Darmawan. Furthermore, he said the need for coal is increasing along with the addition of electricity demand. Darmawan estimates that the coal assignment process will increase from 130 million MT to 135 million tons next year.Then, he also estimates that the demand will increase again to 155 million to 160 million MT in 2030. Meanwhile, PLN recorded an increase in electricity demand reaching 5.3 Terawatt hour (TWh) in the middle of this year. Therefore, the stun company requires additional coal supply reaching 7.7 million tons from the initial work plan that has been set this year."In that process, we renegotiated with independent power producers (IPP) from what we had to deal with oversupply , we managed to loosen it so that we managed to reduce electricity production with the IPP as well as reduce our take or pay ," said Darmawan. On the same occasion, Minister of Energy and Mineral Resources Arifin Tasrif said that more entrepreneurs export than fulfill the DMO because of the high price disparity.Meanwhile, the DMO price is only US$70 per ton for the electricity sector. Meanwhile, the DMO price for the non-electricity sector is US$90 per ton. In addition, Arifin said that the sanctions in the form of payment of compensation funds with small tariffs also made entrepreneurs prefer exports. According to him, the benefits from exports are greater than the costs of sanctions. "Therefore, there is a tendency to avoid contracts with domestic industries," said Arifin.Source: https://www.cnnindonesia.com/ekonomi/20220809173647-85-832413/bos-pln-curhat-soal-pasokan-batu-bara-kian-seret

Hyundai Interest in Adaro Aluminum Project
Hyundai Interest in Adaro Aluminum Project
10 Aug 2022, 11:04 AM 5670

PT Adaro Minerals Indonesia Tbk (ADMR) through its subsidiary, PT Adaro Aluminum Indonesia, will work on an aluminum smelter project in North Kalimantan. This plan seems to attract foreign investors. South Korean automotive giant, Hyundai, is reportedly interested in investing in the project, which is estimated to require an investment of around Rp 10.4 trillion. The Hyundai Consortium is even said to have met several times with representatives of the Adaro Group.The meeting was to discuss details related to aluminum investment opportunities used for electric car components in Indonesia. From the discussion process, Hyundai showed interest in investing with the Adaro Group. Adaro's Head of Corporate Communication , Febriati Nadira, was not ready to confirm this news. However, he did not deny that Adaro Minerals has indeed opened the door for foreign investors who already have a track record, experience, and the latest technology in the aluminum industry."Currently we are in a more detailed planning process to develop an aluminum smelter, among others, by cooperating with partners from abroad who already have a track record, experience, latest technology and thorough knowledge in the aluminum industry," he told CNBC Indonesia, Wednesday. (10/8/2022). He hopes to be able to immediately realize the investment and start construction by the end of this year. The construction process is expected to take 2 years. "Our hope is that we can immediately realize the investment and start construction by the end of this year, the construction process is estimated to take 24 months," he concluded.Source: https://www.cnbcindonesia.com/market/20220810122826-17-362619/kode-keras-adaro-soal-minat-hyundai-di-proyek-aluminium

Indo Tambangraya ITMG Net Profit Soars 291 Percent in Semester I/2022
Indo Tambangraya ITMG Net Profit Soars 291 Percent in Semester I/2022
10 Aug 2022, 08:56 AM 5087

The listed coal mining company, PT Indo Tambangraya Megah Tbk. (ITMG) posted an increase in performance during the first semester of 2022. ITMG's net profit shot up 291.77 percent YoY in the first semester of 2022 to US$460.82 million or equivalent to Rp6.85 trillion (Jisdor exchange rate on June 30, 2022 Rp14,882 per US dollar). In semester I/2021, ITMG only pocketed a net profit of US$117.62 million. The large increase in ITMG's net profit can not be separated from the increase in the company's net income during January-June 2022. In this period, ITMG's net income reached US$1.42 billion or around Rp.21.15 trillion, 110.19 percent higher than the net income of the first semester. 2021 amounting to US$676.30 million.Meanwhile, sales of coal to related parties during this period was recorded at US$41.66 million. The increase in the company's revenue also helped to raise the cost of revenue to US$672.38 million during the first semester of 2022, up 49.76 percent from US$448.95 million in the first semester of 2021. The increase in expenses was mainly due to an increase in royalties/exploitation fees by 134.42 percent to US$185.93 million, from US$79.31 million in the same period in the previous year. The cost of purchasing coal also increased by 190.17 percent on an annual basis, from US$48.10 million in semester I/2021 to US$139.59 million in semester I/2022. ITMG recorded an increase in total assets of US$307.52 million to US$1.97 billion on June 30, 2022, from US$1.66 billion at the end of 2021. In addition to assets, the company's total liabilities at the end of June 2022 also increased by US$27.15 million to US$491.83 million, from US$464.68 million at the end of December 2021.Previously, Director of Corporate Communications & Investor Relations of Indo Tambangraya Megah Yulius Gozali stated that ITMG targets a coal production volume of 17.5 million tons to 18.8 million tons and sales volume of 20.5 million to 21.5 million tons. "Currently, the company still maintains the same production target for 2022," said Yulius. Throughout 2021, ITMG produced 18.2 million tons of coal with a sales volume of 20.1 million tons. Meanwhile, net sales in 2021 were recorded at US$2.1 billion and gross profit margin rose from 17 percent last year to 44 percent.Source: https://market.bisnis.com/read/20220810/192/1565413/laba-bersih-indo-tambangraya-itmg-melesat-291-persen-pada-semester-i2022

Indonesia says Tesla strikes $5 billion deal to buy nickel products
Indonesia says Tesla strikes $5 billion deal to buy nickel products
08 Aug 2022, 01:45 PM 4215

US carmaker Tesla has signed contracts worth about $5 billion to buy materials for their batteries from nickel processing companies in Indonesia, a senior cabinet minister told CNBC Indonesia.Southeast Asia’s biggest economy has been trying to get Tesla to set up a production facility in the country, which has major nickel reserves. President Joko Widodo met with Tesla founder Elon Musk earlier this year to drum up investment “We are still in constant negotiation with Tesla … but they have started buying two excellent products from Indonesia,” Coordinating Minister for Maritime and Investment Affairs Luhut Pandjaitan said in an interview broadcast on Monday.He said Tesla signed a five-year contract with nickel processing companies operating out of Morowali in Sulawesi island. The nickel materials will be used in Tesla’s lithium batteries.Tesla did not immediately respond to a Reuters email seeking comment. Indonesia is keen to develop electric vehicles and batteries industries at home and had stopped exports of nickel ore to ensure supply for investors. The move had successfully attracted investments from Chinese steel giants and South Korean companies like LG and Hyundai.However, most nickel investment so far have gone to production of crude metal such as nickel pig iron and ferronickel. The government plans to impose export tax on these metals to boost revenue while encouraging more domestic production of higher-value products, a senior official told Reuters last week.(By Fransiska Nangoy; Editing by Kanupriya Kapoor)Source: https://www.mining.com/web/indonesia-says-tesla-strikes-5bn-deal-to-buy-nickel-products-media/

Archi Indonesia (ARCI) Confident Performance Improvements by the End of the Year
Archi Indonesia (ARCI) Confident Performance Improvements by the End of the Year
02 Aug 2022, 09:42 AM 4756

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

Harita Nickel Commitment to Increase Added Value Through Downstream
Harita Nickel Commitment to Increase Added Value Through Downstream
01 Aug 2022, 03:13 PM 5253

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

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