Indonesia’s Coal Reserves Still at 31.95 Billion Tons

Indonesia’s Coal Reserves Still at 31.95 Billion Tons

29 Jul 2025, 17:20 PM
Merdeka Copper (MDKA) Reports 67% Progress on Pani Gold Project
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New Board of Directors and Commissioners of PT Vale Indonesia Announced
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Abadi Nusantara (PACK) Acquires Two Mining Companies in North Konawe
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MBMA Reports 6.9 Million WMT Nickel Production Amid Strong Sales Growth in H1 2025
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Baru Gold Appoints Chief Operating Officer for Sangihe Gold Project
Baru Gold Appoints Chief Operating Officer for Sangihe Gold Project
27 Jan 2025, 10:31 AM 2447

Baru Gold Corp. and its subsidiary PT Tambang Mas Sangihe have welcomed Sri Darmawan as chief operating officer for the Sangihe gold project in Indonesia.With more than 30 years of experience in gold mining, Darmawan brings expertise in metallurgy and operations from leadership roles at prominent Indonesian mining companies such as PT JResources Nusantara and PT Newmont Minahasa Raya. He will oversee the project’s daily operations, focusing on efficiency, safety, and sustainability, while optimizing resource management and advancing innovative solutions, Baru Gold said in a statement on Monday. Darmawan is set to relocate to Sangihe Island to assume his responsibilities.Terry Filbert, Baru Gold CEO, expressed excitement at Darmawan joining the company at a pivotal time as it looks to enter a period of rapid growth.“Sri has a proven record of excellence in the mining sector and has spent decades leading gold mining operations in North Sulawesi, where Sangihe is based,” Filbert said.“The benefit of his understanding of the geology and his professional and community connections cannot be understated. I am confident that Sri’s leadership will help us to elevate our operations and achieve our long-term strategic goals.”

BKPM Inaugurates IDR 1.2 Trillion Tin Downstreaming Project in Batam
BKPM Inaugurates IDR 1.2 Trillion Tin Downstreaming Project in Batam
27 Jan 2025, 09:25 AM 2714

The Ministry of Investment and Downstreaming/Investment Coordinating Board (BKPM) has inaugurated the groundbreaking ceremony for the tin downstreaming project in Batam City. The project, involving an investment of IDR 1.2 trillion, aims to strengthen the national tin processing industry.The Deputy Minister of Investment and Downstreaming/Deputy Head of BKPM, Todotua Pasaribu, stated that the tin processing facility is owned by PT Batam Timah Sinergi (BTS), while the tin solder facility is owned by PT Tri Charislink Indoasia (TCI). In his statement in Jakarta on Saturday, he emphasized the government's commitment to supporting the acceleration of licensing, investment realization, and the development of local human resources."We encourage BTS and TCI to attract more investors as off-takers for their products, so that a sustainable tin industry ecosystem can be created," said Todotua. He stated that this inauguration marks an important milestone in the transformation of the national tin industry, as the facility is expected to become one of the largest in the world.Todotua explained that PT Cipta Persada Mulia, the parent company of BTS and TCI, plays a strategic role in the national tin ecosystem. The company’s activities include tin ore mining through Mining Business Permits (IUP), all the way to tin ingot production at its own smelter. The tin ingot products are then further processed by BTS into tin chemicals and by TCI into tin solder and tin heat stabilizers.In addition to supporting downstreaming, this project also contributes to the even distribution of industrial development outside of Java Island. Batam was chosen due to its strategic location near international trade routes and its adequate logistics infrastructure, which offers an advantage in export-import efficiency for components."Indonesia, as the country with the second-largest tin reserves in the world, must optimize this resource to increase its added value. Downstreaming of tin commodities in Indonesia is necessary to absorb domestic tin ingot production and develop the downstream industry with high global market potential," Todotua added. Downstreaming for Economic GrowthThe Minister of Investment and Head of BKPM, Rosan Roeslani, stated that downstreaming policies are key to achieving economic growth of up to 8 percent."Investment in the downstream sector has contributed 22-23 percent of the total investment in Indonesia over the past two to three years. This shows the significant impact of downstreaming on the economy," he said in a statement in Jakarta last Friday.Rosan cited the example of nickel exports, which in 2017 were valued at only 3.3 billion US dollars. However, the value of exports from processed downstream nickel products increased to 30.4 billion US dollars. In addition to boosting export value, downstreaming also creates quality job opportunities for the Indonesian people. Demographic Bonus and National TransformationThe Deputy Minister of National Development Planning/Deputy Head of Bappenas, Febrian Alphyanto Ruddyard, highlighted the importance of leveraging the demographic bonus, which will peak in 2025. The government has prepared a national transformation strategy based on three pillars: social, economic, and governance.Social transformation includes improving human resource quality through education based on Science, Technology, Engineering, Arts, and Mathematics (STEAM), as well as strengthening vocational education. Meanwhile, economic transformation is focused on creating new sectors, such as green industries and the digital economy. Governance transformation aims to create a conducive investment climate through simplified regulations, including the implementation of the Omnibus Law.The government has also outlined eight priority strategies to support the National Medium-Term Development Plan (RPJMN) for 2025–2029. These strategies include increasing agricultural sector productivity, developing Special Economic Zones (KEK), and accelerating investments in renewable energy and digital transformation.

PT AMM Starts Operating Coal Mining Services at PT SBS Muara Enim Site
PT AMM Starts Operating Coal Mining Services at PT SBS Muara Enim Site
25 Jan 2025, 10:30 AM 2739

PT Antareja Mahada Makmur (AMM) began operating coal mining services in January 2025 at the PT Satria Bahana Sarana (SBS) site in Muara Enim, South Sumatra.This subsidiary of PT Putra Perkasa Abadi (PPA), along with PT SBS, is committed to creating a mining operation that is safe, productive, and contributes to the welfare of the surrounding community.According to AMM’s President Director, Joko Triraharjo, the PPA Group is committed to mining safety as well as efforts to advance the Muara Enim region."We are committed to operational safety. Our hope is that AMM's presence can bring a positive impact on the welfare of the community," said Joko in his statement, which was quoted in Jakarta on Saturday.Meanwhile, the President Director of SBS, Agung Pratama, emphasized the importance of collaboration in advancing the mining industry while also empowering the local community."We are talking about the legacy that SBS and AMM can create. Hopefully, this synergy will not stop here, but will continue to support government programs and the progress of the local community," he added.The AMM SBS site targets a production of 30 million BCM of overburden (OB) in 2025, with a focus on safe and sustainable operations. This synergy is expected to mark a new milestone in creating a positive impact for the Indonesian mining industry and the surrounding community.

Smelter Merah Putih: The Environmentally Friendly Nickel Mine About to Start Operations
Smelter Merah Putih: The Environmentally Friendly Nickel Mine About to Start Operations
24 Jan 2025, 10:33 AM 3543

One of the nickel mining industries, the Smelter Merah Putih, will soon begin operations in Kolaka Regency, Southeast Sulawesi. The nickel mining operated by PT Ceria Nugraha Indotama (Ceria Group) is supported by clean energy sourced from the State Electricity Company (PLN)."The Smelter Merah Putih is ready to produce green nickel products that will be absorbed by the global market," said Deputy President Director and Director of Corporate Affairs of Ceria Group, Djen Riza, in a written statement on Friday, January 24, 2025.The Smelter Merah Putih is a National Strategic Project (PSN) and a National Vital Object (Obvitnas). Currently, Ceria Group, which is a domestic investment company (PMDN), is in the final stages of developing a nickel ore processing technology called the Rectangular Rotary Kiln Electric Furnace (RKEF), as well as preparing for the construction of the High-Pressure Acid Leach (HPAL) facility."This Smelter Merah Putih is Ceria’s commitment to implementing the government's downstream program. It is expected to add value as mandated in the 5th and 6th Asta Cita of President Prabowo Subianto, which are to continue the downstream program and promote growth, economic equality, and the eradication of poverty," he said.The Secretary of the Regional Government (Sekda) of Southeast Sulawesi, Asrun Lio, stated that the progress of the Smelter Merah Putih National Strategic Project (PSN) has been very significant. He is optimistic that Ceria's RKEF smelter will be fully operational by April 2025."We are grateful for Ceria Group’s contribution because thousands of people from various ethnic groups across Indonesia are now working at the smelter," said Asrun during his visit to the Smelter Merah Putih Ceria Nugraha Indotama’s PSN progress in Wolo District, Kolaka Regency, Southeast Sulawesi, on Wednesday, January 23, 2025.According to data from the Financial and Development Supervisory Agency (BPKP) Southeast Sulawesi Representative, the construction of the Smelter PT Ceria Nugraha Indotama has reached 97.05%. This project has been under development since 2019.The achievement of the target is measured based on 13 indicators. Some of these include project preparation, land provision, spatial planning, project financing, government guarantees, licensing/non-licensing, prioritization of domestic components, physical construction, project supervision and control, project regulations, job creation, and utilization.Using Clean EnergyAsrun appreciated the use of clean energy by Ceria Group’s smelter, sourced from the Bakaru Hydroelectric Power Plant (PLTA) within PLN’s transmission network. The hydroelectric plant has received a Renewable Energy Certificate (REC).He also directly witnessed the presence of the Floating Power Plant or Barge Mounted Power Plant (BMPP) with a capacity of 2 x 60 MW, which has been docked at the Wolo Special Terminal. This BMPP is already connected to the PLN Kolaka network to ensure the reliability and stability of the Ceria Group smelter’s electricity supply.The Acting Regent of Kolaka, Muh Fadliansyah, commended Ceria for utilizing 100% local labor. "Ceria has made a significant contribution to Kolaka Regency. In fact, now all the people in Wolo have been absorbed as workers in the company," he said.

Indonesia Approves 2025 Nickel Mining Quota
Indonesia Approves 2025 Nickel Mining Quota
23 Jan 2025, 10:37 AM 3454

Indonesia has approved the 2025 nickel mining quota at 298.5 million wet metric tons, the country’s nickel miner association APNI told a parliamentary hearing.The quota was higher than last year’s 271.89 million wet metric tons, APNI data shows.

Harum Energy’s Expansion Plan (HRUM), Allocating USD 400 Million in Capex for 2025
Harum Energy’s Expansion Plan (HRUM), Allocating USD 400 Million in Capex for 2025
23 Jan 2025, 10:32 AM 6081

PT Harum Energy Tbk (HRUM) is accelerating its expansion in the nickel business. HRUM has set aside a large capital expenditure (capex) budget to develop mining projects and downstream industries.Harum Energy’s Corporate Secretary, Renny Soependi, revealed that in 2025, HRUM has allocated approximately USD 400 million for capex. Just as a reference, that amount is equivalent to IDR 6.51 trillion when converted at the Jisdor exchange rate on Thursday (January 23), which was IDR 16,276 per US dollar.Renny revealed that the majority of the capex will be used for the development of nickel ore mining operations at its subsidiary, PT Position. HRUM is also prioritizing the completion of the High Pressure Acid Leach (HPAL) project at PT Blue Sparking Energy (BSE).Last year, most of HRUM's capex was also allocated to the development of the nickel business unit. By the end of 2024, Renny estimates that HRUM will have absorbed around USD 500 million in capex. This amount includes down payments for the purchase of fixed assets.In line with the aggressive expansion, the nickel business has become a key driver of HRUM's performance. By the end of the first nine months of 2024, the majority of HRUM's consolidated revenue already came from its nickel business unit."The contribution of revenue and profit from the nickel business unit is expected to continue growing in the coming years, in line with the increase in the company's nickel production volume," said Renny on Thursday (January 23).HRUM is targeting an increase in nickel production in 2025. However, Renny did not provide specific details regarding HRUM's production target volume. She only mentioned that the increase in nickel production will be supported by HRUM’s second smelter through PT Westrong Metal Industry (WMI), which will be fully operational.HRUM is also increasing the utilization of its smelter production capacity, as well as boosting nickel ore production from the PT Position mine to make HRUM’s production more integrated. At the same time, HRUM is focused on driving the HPAL project at BSE to proceed according to plan, with contributions expected to start early next year.The progress of the HPAL project is currently over 50%. "For the nickel business unit, we will strive to improve operational efficiency in the ongoing projects, given the challenging commodity market conditions expected this year," explained Renny.As for the coal business, Renny emphasized that HRUM has no plans to acquire new assets in this segment. HRUM will focus on managing and developing its existing assets.HRUM is also maintaining its coal production volume at an optimal level to keep production costs under control. "The company is targeting a slightly lower production volume compared to last year, in line with the new mining plan to better control production costs," said Renny.On the stock movement side, HRUM closed trading on Friday (January 24) with a 4.21% decline, reaching IDR 910 per share.

PBNU Targets First Coal Production Mid-2025
PBNU Targets First Coal Production Mid-2025
23 Jan 2025, 10:29 AM 3085

The Executive Board of Nahdlatul Ulama (PBNU) is targeting coal production from the former mining area of the company holding the Coal Mining Business Agreement (PKP2B) of the Bakrie Group, PT Kaltim Prima Coal (KPC), to commence in the middle of this year.PBNU Chairman Ulil Abshar Abdalla stated that they are currently in the early production stage. It is expected that by mid-2025, or at the latest by the end of 2025, the former PKP2B land will begin producing."We are currently in the process of moving towards initial production. God willing, by mid to the end of the year, we will start production. But this year, God willing, we are optimistic and we should be able to produce," said Ulil when he was interviewed by Kontan at the Indonesian Parliament Building in Jakarta, Wednesday (January 22).To develop the mine, Ulil said that they have partnered with a national private company as an investor."We now have a Limited Liability Company (PT), a State-Owned Enterprise of NU, whose shares are owned by a cooperative, but there are also other shareholders. We are collaborating with investors from other parties, actually domestic ones, and they are already on board," he said.Unfortunately, Ulil could not disclose which private company has partnered with NU to develop the former PKP2B mine."We are working with domestic private companies. And now, we just need to follow the process because there are some very strict requirements that we need to fulfill," he added.Despite this, Ulil mentioned that they are still facing challenges related to the Compensation Data Information (KDI), which is paid to obtain data and information regarding mining."This is a large financial contribution that we need to pay to the government, and we are currently negotiating it because the amount is substantial. If possible, we would like to pay it in installments," he explained.For your information, NU is the first religious organization to receive former PKP2B mining land from the government. The former PKP2B land granted to NU is the former KPC mining area covering 26,000 hectares.PT KPC is one of the coal mining entities of PT Bumi Resources Tbk. (BUMI), a publicly listed company owned by the Bakrie Group, which is now jointly controlled with the Salim Group.

Indonesia Joins BRICS: Major Advantages for the Indonesian Mining Industry
Indonesia Joins BRICS: Major Advantages for the Indonesian Mining Industry
21 Jan 2025, 05:05 PM 2844

Jakarta, CNBC Indonesia - The State-Owned Mining Industry Holding MIND ID revealed a number of benefits to the domestic mining sector after Indonesia entered the economic cooperation organization between Brazil, Russia, India, China, South Africa (BRICS).MIND ID Portfolio and Business Development Director Dilo Seno Widagdo said that one of the things that Indonesia could benefit from by joining the organization was opening up potential for cooperation with other BRICS members. "So we don't, in my opinion, have to specifically talk about it in the context of the BRICS organization. But how can we build trade relations with China, how can we build trade relations with India. How can we open trade relations with Brazil," he explained on the sidelines of the MINDialogue Downstream and Industrialization Key Strategy Towards Golden Indonesia 2045, quoted Friday (10/1/2025). "Well, that might be more important, well, these countries are creating a form of transaction with a foreign exchange model that is less dependent on the US$, right? Well, that's actually us, we are open to it if we really have to be able to have a more general transaction," he said. However, Dilo emphasized that Indonesia remains open to collaborating with anyone, even with countries outside of BRICS members. He hopes that BRICS itself will not limit Indonesia from being able to export to any country."Well, in this context, we actually have to maintain our export orientation to China and our export orientation to India. So, I don't think we necessarily have to join BRICS, but we open up relations as widely as possible with anyone. Don't limit it," he emphasized.As is known, the announcement of Indonesia's acceptance into BRICS was delivered by the current holder of the BRICS Presidency, namely Brazil. BRICS was founded in 2009 by Brazil, Russia, India, China, and South Africa. With the joining of Indonesia, BRICS has 11 members, namely Iran, Egypt, Ethiopia, Saudi Arabia, United Arab Emirates (UAE). While the current BRICS partners are Turkey, Algeria, Belarus, Cuba, Bolivia, Malaysia, Uzbekistan, Kazakhstan, Thailand, Vietnam, Nigeria and Uganda.(pgr/pgr)

ANTAM (ANTM) Spends IDR 271.49 Billion on Exploration in 2024
ANTAM (ANTM) Spends IDR 271.49 Billion on Exploration in 2024
21 Jan 2025, 05:01 PM 2832

KONTAN.CO.ID - JAKARTA. PT Aneka Tambang Tbk ( ANTM ) revealed that exploration activities spent Rp271.49 billion throughout 2024. The exploration activities focused on gold, nickel and bauxite commodities.Antam Corporate Secretary , Syarif Faisal Alkadrie said that exploration activities were carried out to ensure the adequacy of ANTM's strategic mineral resources and reserves. Gold ExplorationHe said that until December 31, 2024, ANTAM's gold exploration activities will be carried out in Pongkor, West Java."In the Pongkor area, the activities carried out focus on drilling activities consisting of in mine drilling (underground) and deep drilling (surface)," said Syarif in his official statement, Friday (10/1).Also Read: Antam Launches Thematic Gold Edition of the Year of the Wooden Snake to Welcome Chinese New Year 2025 Nickel ExplorationThen, ANTAM's nickel exploration until December 31, 2024 will be carried out in the North Konawe and Pomalaa areas, Southeast Sulawesi and Buli, North Maluku.For activities in North Konawe, explorations carried out include geological mapping, core sampling, core logging, grid & re-measurement measurements, installation of predrill and postdrill stakes, GPR (Ground Penetrating Radar) geophysical measurements, single tube drilling, and laboratory preparation and analysis.Meanwhile, in the Pomalaa area, activities carried out include geological mapping, core sampling, core logging, grid & re-measurement measurements, installation of measuring stakes, resistivity geophysical measurements, single tube drilling, as well as preparation and laboratory activities.As for exploration in the Buli area, activities carried out include geological mapping, core sampling, core logging, grid measurement & re-measurement, installation of measuring stakes, single tube drilling, sample preparation & analysis, facility construction, and evaluation & reporting. Bauxite ExplorationSyarif also said that ANTAM's bauxite exploration until December 31, 2024 will be carried out in the Tayan and Landak areas, West Kalimantan.In the Tayan area, the activities carried out are geological mapping, grid/polygon measurements, geodetic GPS measurements, testpits, testpit logging, testpit sampling and rock sampling. For the Landak area, the activities carried out are test well sampling, Specific Gravity Crude measurements and polygon/trajectory measurements.ANTM through the Geomin Unit carries out integrated mineral exploration activities which include area survey activities, geological exploration, geophysical exploration, geodetic surveys, drilling, physical and chemical analysis testing, calculation of mineral reserves and resources supported by an integrated Geographic Information System (GIS).

Supporting Mineral Downstreaming, ANTAM Focuses on Advancing Strategic Projects in 2025
Supporting Mineral Downstreaming, ANTAM Focuses on Advancing Strategic Projects in 2025
21 Jan 2025, 10:36 AM 3746

PT Aneka Tambang Tbk (ANTM) or ANTAM has reaffirmed its commitment to supporting mineral downstreaming by continuing two major strategic projects in 2025: the development of the electric vehicle battery ecosystem (EV Battery) and the Mempawah Smelter Grade Alumina Refinery (SGAR) project.ANTAM’s Corporate Secretary, Syarif Faisal Alkadrie, stated that these two projects aim to increase the added value of the nickel and bauxite commodities managed by the company, in line with efforts to support the national downstreaming program."In 2025, ANTAM will focus on completing key milestones for the EV Battery and SGAR Mempawah projects, which are part of our commitment as a state-owned enterprise in supporting the added value of Indonesia's minerals," said Faisal in Jakarta.In the electric vehicle battery ecosystem development project, ANTAM has achieved several significant milestones as of September 2024, including licensing, funding preparation, and preliminary work. This progress serves as an important foundation for entering the construction phase, as per the target."This year, we will continue to pursue the next milestones to ensure that the nickel downstreaming projects are executed optimally. Additionally, the synergy with subsidiaries such as PT Gag Nikel and the purchase of 30% of PT Jiu Long Metal Industry’s shares in October 2024 also supports the development of the national EV Battery ecosystem," explained Faisal.Through this synergy, ANTAM is optimistic that it can accelerate the development of the electric vehicle ecosystem in Indonesia, while also strengthening the company's position in the global mineral industry.Regarding bauxite commodities, ANTAM continues the development of the SGAR Mempawah project managed through PT Borneo Alumina Indonesia (PT BAI), a collaboration with Inalum. This project entered a crucial phase in September 2024 with the start of the first bauxite injection, marking the beginning of the commissioning stage."Our current focus is on optimizing the project to ensure the next targets can be met as planned. The SGAR Mempawah will begin commercial operations in the first semester of 2025 and will play an important role in strengthening the national aluminum supply chain," added Faisal.With the continuation of this project, ANTAM is not only supporting bauxite downstreaming but also ensuring a significant contribution to the mineral supply chain in Indonesia.Through these two strategic projects, ANTAM hopes to make an optimal contribution to the country, especially in supporting the 100-day work spirit of President Prabowo Subianto's administration."Our commitment to mineral downstreaming will increase the added value of nickel and bauxite commodities, while also supporting Indonesia's sustainable economic growth," concluded Faisal.By focusing on innovation and strategic synergies, ANTAM is optimistic it can meet global challenges while leveraging the vast potential of the national mining sector for the welfare of the nation.

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