Abundant Gold Reserves, Archi Indonesia (ARCI) Plans to Work on Underground Mining
Abundant Gold Reserves, Archi Indonesia (ARCI) Plans to Work on Underground Mining
22 Jun 2023, 08:00 AM 6013

PT Archi Indonesia Tbk ( ARCI ) plans to carry out underground mining in its concession area located in North Sulawesi.Through this plan, ARCI Management will become one of the gold mining companies that carry out both open pit and underground mining simultaneously.Main Director of Archi Indonesia, Rudy Suhendra explained, previously ARCI's management had focused more on mining through the open pit method. Then with the new board of directors and the results of drilling data that have been realized since 2019 until now, it shows a very high potential to carry out underground mining.Currently, ARCI's subsidiaries, namely PT Meares Soputan Mining (MSM) and Tambang Tondano Nusajaya (TTN) already have a Contract of Work (KK) mining permit covering an area of ​​39,817 hectares and have been granted an underground exploration permit.  Rudy explained that ARCI's land concession is divided into three areas, namely the West Corridor, Central Corridor and East Corridor.Exploration activities carried out by ARCI through its Subsidiaries PT MSM and PT TTN, focus on increasing additional discovery potential around the currently operating mining pits in the East Corridor area and gold mineral drilling in the West Corridor area.Based on drilling activities carried out by Archi Indonesia, they saw gold veins in the eastern region, which have the same characteristics in the western and central regions. Therefore, in the 2022 Annual Report, ARCI Management stated that this underground mining exploration would be carried out in the West Corridor and East Corridor areas."Currently, we are hiring an underground project. We have spoken with well-known contractor companies for underground mining so they can start this project at the end of the year," he said in a public expose that was witnessed virtually, Monday (19/6).He hopes that this undergroung mining plan can start running in 2024 and have a big impact on increasing gold reserves.Rudy also openly invited investors who were interested in joining the development of ARCI's gold mine at today's public expose.He invited those who are interested to ask more details and have further discussions regarding underground mining to ask directly to the ARCI Corporate Secretary and related management. "So that later ladies and gentlemen can visit the office to discuss further and at the same time see our gold, hopefully we can buy it soon," he said.Image source: Archi IndonesiaSource: https://industri.kontan.co.id/news/cadangan-emas-melimpah-archi-indonesia-arci-rencanakan-garap-underground-mining

Indonesia Pushes ASEAN Collaboration on Energy Transition
Indonesia Pushes ASEAN Collaboration on Energy Transition
21 Jun 2023, 09:00 AM 5016

Indonesia is encouraging collaboration, partnerships, sustainable and inclusive financing, and access to ASEAN countries to appropriate technologies for accelerating the energy transition, especially in the Southeast Asian region.Energy and Mineral Resources Minister Arifin Tasrif conveyed the statement while opening the 41st ASEAN Senior Officials Meeting on Energy (41st ASEAN SOME) at the ASEAN Secretariat in Jakarta on Monday."The global energy landscape is urged to sustainably transition from a fossil-based economy to a low-carbon economy in an inclusive and equitable manner while considering national circumstances, capabilities, and priorities," Tasrif said, according to a press release issued the same day.Collaboration needs to be strengthened not only among ASEAN member countries, but also with international organizations and stakeholders, he stressed.Meanwhile, energy security is as important as the energy transition.During its 2023 ASEAN chairmanship, Indonesia is spotlighting the importance of sustainable energy security, which is being implemented through ASEAN interconnectivity as the epicentrum of growth.During Monday’s meeting, Tasrif said that the Trans-ASEAN Gas Pipeline (TAGP) and the ASEAN power grid will accelerate the clean energy transition and improve energy security.Critical minerals are also needed to support the energy transition, he added.Critical raw materials can be used for technological innovations based on clean and renewable energy, he said.The global demand for critical minerals has increased significantly.According to the International Energy Agency (IEA), electric cars require six times more mineral inputs than conventional cars.Wind power plants require 13 times more mineral resources than gas-fired power plants of a similar size."Several ASEAN countries, such as Indonesia, Malaysia, Myanmar, the Philippines, and Vietnam, are blessed with large amounts of mineral resources, including nickel, tin, bauxite, and rare earth metals so that ASEAN can play a big role in the global critical mineral supply chain," Tasrif said.According to the minister, it is necessary to develop mineral processing, refining, and manufacturing units, especially for clean energy technological industries.He said Malaysia, Vietnam, Thailand, and Indonesia are key players in the renewable energy manufacturing industry, such as solar photovoltaic (PV) batteries and electric vehicles (EV)."The 2023 ASEAN Summit has agreed on the use of electric vehicles to reduce greenhouse gas emissions and decarbonize the land transportation sector in the region to achieve net-zero emissions (NZE)," he said.ASEAN member countries are committed to developing a regional electric vehicle ecosystem by involving all member countries, improving the EV industry, and making ASEAN a global production hub, he added.According to the ministry, ASEAN countries have a great abundance of renewable energy potential that is predicted to reach 17 thousand gigawatts and could be used for realizing the clean energy and NZE targets.Furthermore, the minister said that technology is key for transitioning to carbon-neutral energy so it is necessary to increase technological diversity.Likewise, access to and use of technology need to be made more inclusive, and access to affordable technology and financing must be explored more broadly."ASEAN member states must improve their technology, ability, capacity, and skills to support the energy transition target, and also the goals of the ASEAN Plan of Action of Energy Cooperation (APAEC)," he said.The APAEC aims to encourage renewable energy transition to realize the NZE.The short-term target of the action plan is realizing a total of 23 percent of the renewable energy mix in the total primary energy supply as well as 35 percent of renewable energy in power plant capacity in ASEAN member countries by 2025.Meanwhile, the medium-term target of the action plan is to reduce greenhouse gas emissions in all ASEAN countries according to their respective nationally determined contributions by 2030, while the long-term target is realizing the NZE target by 2050, he noted.He lauded all ASEAN countries that have committed to achieving the NZE goal in the next few years. Their commitment has become the foundation of the global NZE road map."The road map is an important tool to analyze and allocate the support needed for each country, such as technology, financing, infrastructure, and others," he said.He further said he hopes that through the 41st ASEAN SOME, countries in the grouping can further discuss and resolve the latest strategic issues, such as carbon trading and the decarbonization of the oil and gas industry.One of the decarbonization efforts has been carried out through the development of carbon capture storage/carbon capture utilization and storage (CCS / CCUS) technology."This will accelerate the green energy mix for ensuring long-term energy security in the region to achieve the NZE target," he said.He also stressed that ASEAN needs to realize its commitment to achieving the 2030 nationally determined contributions (NDC) target in accordance with the greenhouse gas (GHG) reduction targets in each country.Then, in addition to thanking all ASEAN member countries, dialogue partners, and international organizations at the senior-level meeting, Tasrif welcomed Timor Leste as the youngest member of ASEAN.He welcomed Timor Leste at the 41st ASEAN SOME to observe the progress and implementation of energy cooperation in ASEAN."ASEAN is expected to involve Timor Leste more in future meetings and activities," he said.The 41st ASEAN SOME is being held from June 19–23, 2023 in Jakarta. It is being attended by 10 ASEAN members, eight dialogue partners, and some international organizations that support energy cooperation.Image source: ANTARA/HO-ESDM MinistrySource: https://en.tempo.co/read/1739300/indonesia-pushes-asean-collaboration-on-energy-transition

Indonesia Capitalizes on the Rising Cobalt Demand for EVs
Indonesia Capitalizes on the Rising Cobalt Demand for EVs
21 Jun 2023, 08:00 AM 5236

After surpassing Australia last year to become the world’s second-largest cobalt producer, trailing behind the Democratic Republic of Congo, Indonesia’s global cobalt output share is estimated to rise from 3% in 2022 to 19% by 2030, according to BloombergNEF.With the rising demand for cobalt driven by the electric vehicle (EV) industry’s need for batteries, Indonesia is projected to increase its production and maintain its second position throughout the next decade.Indonesia’s cobalt production is primarily a by-product of nickel mining. The country has seen a surge in plans and announcements in recent years, leading to tangible increases in cobalt supply.Projects like Lygend’s Obi Island HPAL, Huayou’s joint venture in Morowali, and additional capacity from Tsingshan and other nickel matte producers have commenced operations earlier than expected, despite some delays typically associated with such endeavors.Indonesia’s upstream success in the cobalt industry hinges on its abundant nickel resources, stringent restrictions on unprocessed mineral exports, and the mandatory establishment of processing plants to access nickel for the steel sector.The government has also streamlined the permitting system, facilitating the industry’s growth.Building upon this success, Indonesia aims to replicate its effective policies in nickel and cobalt to achieve similar outcomes in the lithium-ion battery and electric vehicle supply chain. Encouragingly, the country has already witnessed early progress with the emergence of various partnerships and plans for battery manufacturing investments.However, given the substantial differences between the stainless steel and battery sectors, there are challenges to overcome in achieving Indonesia’s goals. Unlike steel, batteries are closer to their end-use markets due to the complexities and high cost of transporting cells.Consequently, enforcing a policy that permits the export of only cells or batteries becomes difficult without corresponding local demand for these products.Merely implementing an export ban is insufficient to incentivize the development of a downstream manufacturing industry without a conducive business environment that fosters sustainable battery and electric vehicle production.Cobalt supply faces difficulties in adapting to changing market dynamics. As automakers and battery manufacturers respond to cobalt risks by adjusting demand, the outlook for cobalt consumption has consistently been revised downward.This poses challenges for producers in adjusting their supply plans since cobalt is typically not a primary commodity in mining operations.These challenges are further reflected in the peculiar behavior of cobalt prices, which have experienced significant declines despite events that should have led to lower supply.Despite downward revisions in cobalt demand forecasts, BNEF anticipates cobalt will continue playing a crucial role in the battery metals industry.Nickel-manganese-cobalt (NMC) chemistries are expected to maintain their dominance, and the importance of cobalt in stabilizing these systems for safety cannot be underestimated.Recently, another report by BNEF said that EVs are set to exceed 100 million by 2026 and reach 700 million by 2040. These estimates represent a significant surge from the 27 million EVs registered at the beginning of this year.In February this year, BNEF forecasted that the total investment in electric vehicle chargers is set to cross $100 billion in 2023, and the next $100 billion of spending is expected to be achieved within the next three years.Image source: Gautamee HazarikaSource: https://www.mercomindia.com/indonesia-cobalt-demand-for-evs-report

President Jokowi Supports Completion of Amman Mineral Industry Smelter Construction in 2024
President Jokowi Supports Completion of Amman Mineral Industry Smelter Construction in 2024
20 Jun 2023, 09:00 AM 5711

President Joko Widodo paid a working visit to the copper smelter area owned by PT Amman Mineral Industri (AMMAN) on Tuesday (20/6), in order to witness firsthand the development of a national strategic project which has progressed up to 51.63%.On this occasion, the President received a detailed explanation regarding AMMAN's mining operations at the Batu Hijau open pit mine and the copper concentrate processing line, which will flow downstream to the AMMAN smelter currently under construction.In addition, the potential capacity of the smelter and its future economic impact became the topic of discussion between President Joko Widodo and AMMAN's President Commissioner, Hilmi Panigoro and AMMAN's President Director, Rachmat Makkasau."I just want to ensure that the progress is according to plan and will be completed by the middle of next year," said President Jokowi.President Joko Widodo has repeatedly emphasized the importance of downstream industries in order to realize downstream mining industries that bring benefits to the national economy. The President's statement is based on the results of the latest verification of the progress of the AMMAN smelter construction carried out by an independent verifier which has reached 51.63%."God willing, in the middle of 2024 it will be completed," said the President.President Director of AMMAN, Rachmat Makkasau explained that the smelter, which has a capacity of 900 thousand tons of copper concentrate per year, is trying to complete it according to the government's new target, namely May 2024. "We have explained to Mr President, that currently AMMAN is pursuing a completion target. the construction of the smelter is within the limits of statutory regulations, namely the end of May 2024. However, we also explain that during the pandemic, AMMAN faced various external obstacles, especially the delay in the rate of fabrication of smelter instruments abroad. We hope for full support from Mr. President, so that the construction of the smelter can be according to schedule, through synergistic collaboration with all relevant government agencies or agencies," said RachmatRachmat said that the 51.63% development achievement was proof of AMMAN's commitment to supporting the government's mining industry downstream agenda as stipulated in the Minerba Act (UU). From the construction side, the installation of piles for the main AMMAN smelter building has been completely completed. Fabrication of various heavy equipment and basic building structures was also completed at the end of February 2023, and the installation began two months later. Procurement of goods has also reached 60%.The theoretical uptake of costs for the project has exceeded US$507.53 million, out of a total investment of US$982.99 million. This calculation is in accordance with the realization of budget absorption for smelter construction, which includes physical construction and also the purchase of equipment and machinery for operations.President Joko Widodo hopes that the derivative of the copper cathode produced will also be industrialized. He reminded that when the construction of various smelters has been completed and is ready to produce, both from nickel, copper, bauxite and tin, it is expected to provide added value to the domestic economy."Giving added value in the form of export value, also adding jobs needed by the community," said President Jokowi.Accompanying the President during this working visit were Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan, Cabinet Secretary Pramono Anung, Minister of Energy and Mineral Resources Arifin Tasrif, Minister of State-Owned Enterprises Erick Thohir, Minister of Investment/Head of the Investment Coordinating Board Bahlil Lahadalia , Governor of West Nusa Tenggara Zulkieflimansyah and Regent of West Sumbawa Regency W MusyafirinFor the record, the contribution of the mining sector, in which AMMAN is the largest contributor, to the Gross Regional Domestic Product (GRDP) of West Sumbawa Regency (KSB) reaches 82%, and the GRDP of West Nusa Tenggara Province (NTB) reaches 17.3%. Currently more than 17,000 employees work at the Batu Hijau site for mining operations and various other development projects. The absorption of AMMAN's workforce and business partners who come from local residents of West Sumbawa & West Nusa Tenggara Regencies also reaches almost 75%.AMMAN always carries out operations with sustainable principles. One of them is the current operation of the largest ground mounted PLTS in Indonesia for mining operations, with a peak capacity of 26.8 Megawatts since June 2022. With this PLTS, the Company can contribute to reducing CO2 emissions by up to 40,000 tons/year. Increased productivity and efficiency of haul trucks can also reduce greenhouse gas emissions by up to 30%.“We will continue to innovate to be more productive and efficient. Copper production from the Batu Hijau mine will become a very important commodity for supporting clean energy technologies, such as components for electric vehicle batteries. Apart from that, the positive socio-economic impact of the growth of the company and the region is also our achievement target," Rachmat said.Image source: IstimewaSource: https://www.dunia-energi.com/presiden-jokowi-dukung-penyelesaian-konstruksi-smelter-amman-mineral-industri-di-2024/

Women's Involvement in the Energy Sector in Achieving Net Zero Emissions
Women's Involvement in the Energy Sector in Achieving Net Zero Emissions
16 Jun 2023, 12:00 PM 4621

The Ministry of Manpower issued a survey entitled "Employment in Data." The survey released in 2021 shows that the number of female workers in the mining sector is only 10,727 while there are 168,711 men.In addition to the number of workers, there is an imbalance in the average wages received by male and female mining workers. Female workers only receive wages of IDR 4,159,846, while male workers IDR 4,297,820.Meanwhile, the Central Statistics Agency (BPS) stated that the number of male workers in the mining sector reached 1.28 million, while only 115,000 women worked.To support and motivate women working in the mining industry, PT ABM Investama (ABM) together with its subsidiary PT Cipta Krida Bahari (CKB Group) participated in the Indonesia Miner Exhibition in partnership with Woman in Mining & Energy ( WIME ) with the theme " Shaping the Future Mining .”ABM Group describes the opportunities in the mining sector for the involvement of Indonesian women in realizing energy downstream and transition to achieve Net Zero Emissions (NZE) in 2060.“The fact is that mining is still considered a male-dominated field to this day, so that mining work is synonymous with physical strength and hard work situations. This inequality is what makes ABM Group prove that Indonesian women have intelligence and great potential in advancing this sector," said ABM Main Director, Andi Djajanegara, on the sidelines of the event, Friday (9/6/2023).Overcoming this challenge, continued Andi, requires collaborative efforts from all parties, implementing gender equality, increasing access to education and training, creating a safe work environment for women, as well as having policies that support the balance of work and personal life for Indonesian women.The development that has been carried out within the ABM Group, namely holding talent and leadership programs for women, including Coaching and Mentoring; holding volunteer activities that focus on women, such as women and financial literacy and others.“It needs to be underlined that the company provides special training and development that can increase women's skills and knowledge of the mining industry. This training includes skills, technical training, project management and communication skills that help Indonesian women increase their career opportunities," he concluded.Meanwhile, CKB Group Chief Executive Officer, Iman Sjafei added, CKB Group's involvement in Indonesia Miner was the company's move to encourage Indonesian women to develop their creativity and abilities. This is because women have the potential to play a role in developing environmental, social and governance (ESG) strategies to achieve business sustainability.To raise awareness while promoting gender equality, Iman hopes that in the future mining companies can work with external organizations and institutions that focus on empowering women. This aims to strengthen the spirit of pursuing Indonesian women's ambitions and careers.Also attending the event was Director of CKB Group Ety Puspitasari, and Division Head of Corporate Communication & CSR of PT ABM Investama Tbk, Emilia Katrina Sitompul. Both of them provided material about Acknowledge Extensive Opportunities for Woman Indonesian Mining.Source: https://padek.jawapos.com/bisnis/10/06/2023/keterlibatan-perempuan-di-sektor-energi-dalam-mencapai-net-zero-emission/

UK consortium to invest $9bn into Indonesian mining and EV battery industries
UK consortium to invest $9bn into Indonesian mining and EV battery industries
16 Jun 2023, 09:00 AM 4668

An consortium of companies, including mining giant Glencore, is planning to invest $9bn into mining and electric vehicle (EV) battery production in Indonesia, the country’s minister for investment Bahlil Lahadalia told reporters this week. The mineral-rich nation is increasingly attracting interest as demand for energy transition minerals mounts.The funds will be in part dedicated to an industrial park in the Bantaeng region on Sulawesi Island that will be powered by wind energy, the minister said. The park is due for completion in September. Lahadalia did not give a complete breakdown of how the $9bn would be spent.Indonesia is the world’s largest nickel producer, accounting for 39% of global production, according to Mining Technology’s parent company GlobalData. The country’s nickel production increased from almost zero in 2013 to 862 kilotonnes (kt) per year in 2021, its analysis shows.Since 2020, Indonesia has banned the export of nickel ore, in a bid to win downstream investment and retain the resource for its own use.The country is looking to develop its downstream industries, including the production of EV batteries and cars for major vehicle producers.Consortium membersLahadalia said that the British consortium includes mining giant Glencore. According to GlobalData, in 2021 Glencore was the fourth largest nickel producer in the world accounting for 102.3kt of nickel production.Earlier this year Glencore reported a 60% profit increase. The firm’s adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) rose to $34.06bn in 2022 from $21.32bn in 2021.However, Glencore has yet to confirm it plans to invest in Indonesia. Glencore told Reuters that it “does not comment on rumours”.Indonesian state miner Aneka Tambang, materials company Umicore and energy company Envision Group are also a part of the consortium, Lahadalia said. They too did did not respond to Mining Technology’s request for comment.“The investment is about $9bn if it is according to plans. If we can speed it up, we’ll do it,” Balil told reporters.Source: https://www.mining-technology.com/news/uk-consortium-to-invest-9bn-in-indonesias-mining-and-ev-industry/

UNTR Buys IDR 9.3 Trillion Nickel Mine
UNTR Buys IDR 9.3 Trillion Nickel Mine
16 Jun 2023, 08:00 AM 5132

An Astra Group entity in the mining and energy business, PT United Tractors Tbk. (UNTR) prepared funds  to acquire nickel mining company shares  of around IDR 9.38 trillion from internal cash. UNTR is also eyeing revenue growth from the nickel business after the acquisition.UNTR targets the acquisition of 19.99 percent of Nickel Industries Limited's shares worth A$943 million or around IDR 9.38 trillion to be completed in the third quarter of 2023.UNTR through its wholly-owned subsidiary, PT Danusa Tambang Nusantara, announced the signing of the Share Subscription Agreement (SSA) today, Friday (9/6/2023).The agreement is to take a 19.99 percent stake in Nickel Industries Limited (NIC). NIC is a listed company on the Australian Securities Exchange Ltd.NIC is an integrated nickel mining and processing company with main assets located within or close to the Indonesia Morowali Industrial Park (IMIP), Sulawesi and Indonesia Weda Bay Industrial Park (IWIP), Halmahera.NIC has an 80 percent stake in PT Hengjaya Mineralindo (a nickel mining company) which is one of the largest suppliers of high-grade limonite and saprolite ores to IMIP. NIC owns the majority stake and operates 12 lines of rotary kiln electric furnace (RKEF).NIC is also expanding its battery nickel strategy through the conversion of its existing RKEF lines to produce class 1 nickel matte , as well as through an agreement to build a High-Pressure Acid Leach (HPAL) processing facility , to supply the growing market demand for electric vehicle batteries.UNTR Corporate Secretary Sara K. Loebis conveyed that the UNTR Group and NCI were in the process of fulfilling the requirements for closing transactions. Therefore, it is not yet certain when the acquisition will be completed."The target for completion [acquisition] cannot be set yet and this is normal because both parties are in the process of fulfilling the closing transaction requirements ," he explained when contacted by Bisnis, Friday (9/6/2023).After the transaction is completed, the UNTR Group will later receive more revenue from NCI's nickel business, according to Danusa's share portion in the company. Revenue can be recorded immediately because the NIC nickel mine is already in operation."Meanwhile, the acquisition fund is expected to come from internal cash," he added.Citing financial reports as of March 2023, UNTR had cash and cash equivalents of IDR 46.35 trillion as of March 2023, up from IDR 35.71 trillion as of March 2022. The increase in cash occurred in line with the growth in revenue and net profit.UNTR management said that until the first quarter of 2023, UNTR's consolidated net income reached IDR 34.9 trillion, an increase of 25 percent compared to the same period in 2022 which amounted to IDR 27.9 trillion.The driving force is that each business unit, namely construction machinery, mining contractors, coal mining, gold mining, the construction industry, and energy, respectively contributed 31 percent, 33 percent, 30 percent, 5 percent, 1 percent, and less. of 1 percent of total consolidated net income.In line with the increase in revenue, UNTR's gross profit increased by 23 percent from IDR 7.0 trillion to IDR 8.7 trillion. Meanwhile, profit attributable to owners of the parent entity or net profit also increased by 23% to IDR 5.3 trillion from IDR 4.3 trillion in the same period in 2022.In an official statement, Sara explained that the completion of the issuance of new NIC shares to Danusa was subject to the fulfillment of the preliminary conditions as stipulated in the SSA including approval from NIC shareholders."After signing the SSA, the parties will use reasonable efforts to fulfill the preliminary conditions before the end date, no later than September 29, 2023," he explained.UNTR President Director Frans Kesuma said the completion of this transaction depended on meeting certain prerequisites, including approval from NIC shareholders under the ASX Listing Regulations or the Australian Exchange.The strategic acquisition of a minority stake in Nickel Industries is an important step in UNTR's business diversification."This move will build on our Group's integrated nickel strategy and expansion in the electric vehicle supply chain ," he added.Source: https://market.bisnis.com/read/20230609/192/1663912/untr-beli-tambang-nikel-rp93-triliun-pakai-kas-internal-potensi-makin-cuan

Pertamina Prepares Supply and Distribution Network for Battery-Based Electric Motor Vehicle Ecosyste...
Pertamina Prepares Supply and Distribution Network for Battery-Based Electric Motor Vehicle Ecosyste...
15 Jun 2023, 12:00 PM 5160

Indonesia has great potential and opportunity to become a leader in the battery industry for battery-based electric motorized vehicles (KBLBB), and Pertamina is committed to actively participating in building its ecosystem.This was conveyed by the Project and Operations Director of Pertamina New & Renewable Energy (Pertamina NRE) Norman Ginting in a panel discussion entitled Developing EVS and EV Battery Ecosystem at the Indonesia Miner 2023 Conference & Exhibition, some time ago."Pertamina continues to move to face disruptions in the energy world, and it is a necessity for Pertamina to focus on developing clean energy and reducing carbon emissions, including supporting the development of the EV Ecosystem," explained Norman, quoted from Pertamina's official website.In his presentation, Norman explained that Pertamina is building the KBLBB ecosystem with various initiatives and pilot projects that have been and will be implemented such as the development of Battery Swapping Stations/Charging Stations and Hydrogen Fuel Stations for Fuel Cell EVs.Pertamina through its subholding, Pertamina NRE which has participation in the Indonesia Battery Corporation (IBC) has aspirations to enter the value chain of the battery ecosystem and KBLBB from upstream to downstream. According to Norman, Pertamina sees Indonesia as a country with the world's largest nickel reserves having a strategic role in developing the battery industry and the KBLBB ecosystem to meet local and global needs.Pertamina has a very wide supply and distribution network in Indonesia. This is the initial capital in carrying out the transition to the development of battery swapping and charging infrastructure so that electric vehicle users can easily recharge their vehicles.Apart from that, Pertamina sees the importance of standardizing battery packs, especially for two-wheeled electric motorized vehicles, to make it easier for users to exchange batteries. Pertamina views that many regulations have been issued by the Government to accelerate the adoption of electric vehicles in Indonesia. However, it still needs to be improved by several additional regulations/special incentives for the use of electric vehicles, so that electric vehicles are increasingly attractive to users.Pertamina Corporate Communication Vice President Fadjar Djoko Santoso said that the development of the KBLBB ecosystem was in line with the commitment to support NZE 2060 by carrying out the energy transition roadmap."The creation of a good electric vehicle ecosystem will support Indonesia's energy transition program and achieve Indonesia's NZE 2060 target. Through the New & Renewable Energy Sub Holding, Pertamina is committed to continuing to develop clean energy in Indonesia in the form of initiatives in the development of new and renewable energy and decarbonization," said Fadjar.Pertamina as a leading company in the field of energy transition, is committed to supporting the 2060 Net Zero Emission target by continuing to encourage programs that have a direct impact on the achievement of the Sustainable Development Goals (SDG's). All of these efforts are in line with the implementation of Environmental, Social & Governance (ESG) in all Pertamina's business lines and operations. (***)Source: https://suarasiber.com/2023/06/pertamina-siapkan-jaringan-suplai-dan-distribusi-untuk-ekosistem-kendaraan-bermotor-listrik-berbasis-baterai-kblbb/

Bangka Belitung Governor Suganda Talks about Tin as a Strategic Mineral at Indonesia Miner Conferenc...
Bangka Belitung Governor Suganda Talks about Tin as a Strategic Mineral at Indonesia Miner Conferenc...
15 Jun 2023, 09:00 AM 5048

The Acting Governor of the Bangka Belitung Islands Suganda Pandapotan Pasaribu became a resource person at the 2023 Indonesia Miner Conference and Exhibition  with the topic  Returning Tin into a Strategic Mineral l at the Westin Hotel Jakarta on Tuesday (6/6/2023). In his presentation, The Governor of Bangka Belitung, Suganda said that he fully agreed and encouraged the downstreaming of tin in Bangka Belitng Islands is like President Joko Widodo's previous wish."It is very profitable if there are companies that process directly downstream, it will open up jobs in the Babel Islands. We agree that technology must also be considered, that way the profits will also be greater than just exporting tin blocks abroad," he said. With downstream, not only will the country benefit, but with the condition of the tin price, the economy of the people of Bangka Belitng Islands, which has been on the Tin Producing Island for 400 years, can increase several times from today.  "However, there is no need to regret this, because we will continue to act and hopefully from this meeting we will produce a strategic policy by establishing tin as a strategic mineral that can contribute benefits to the country and the welfare of the people in the Bangka Belitng Islands," he hoped. Although Bangka Belitung is a tin-producing province, but in fact it was explained by Suganda that the Development Index in Bangka Belitng Islands is still low and the stunting rate in Bangka Belitung also needs to be suppressed. This is because many of their children drop out of school, they feel they can make money by mining tin so they marry at a young age, this has an impact on stunting . For this reason, he said that it was the shared responsibility of all parties including entrepreneurs, tin activists in Bangka Belitng Islands to take action to overcome this. Apart from that, he also wants all parties to have the same perception regarding the definition of Strategic Minerals through two approaches including: 1. The approach to using strategic minerals needed in the development of the military, industrial or other commercial purposes which have an important impact on the economy, defence, medicine, transportation, information and communication technology, renewable energy and aerospace;2. An approach to efforts to ensure the availability of strategic mineral supplies that are not available domestically to safeguard national interests through purchase or import contracts with mineral producers.He explained that the designation of tin as a strategic mineral was an effort to strengthen state/government control in managing it for wider national and/or regional interests in the future. "It is necessary to create an ideal and just tin industry ecosystem, so that optimization of state revenues, environmental protection and active involvement and community empowerment can be realized," he concluded. Source: https://www.infopublik.id/kategori/nusantara/747492/pj-gubernur-suganda-bicara-tentang-timah-sebagai-mineral-strategis-di-miner-conference-and-exhibition-2023

Sumber Global targets 10-15% coal sales for 2023
Sumber Global targets 10-15% coal sales for 2023
15 Jun 2023, 08:00 AM 4971

PT Sumber Global Energy Tbk ( SGER ) tends to be conservative in setting operational targets in 2023. In which, SGER targets coal sales volume to grow 10% to 15% for 2023.In comparison, SGER managed to sell 7.4 million tons in 2022, up 138.70% from actual sales in 2021 which were only 3.1 million tons.Main Director of SGER Welly Thomas said, as of the first quarter of 2023 SGER managed to sell 2.5 million tons of coal. This figure skyrocketed 214.7% year-on-year (YoY) from actual sales in the first quarter of 2022, which was only 802,000 tons.For the record, the government imposed a ban on coal exports in January 2022 which affected sales volume in the first three months of 2022.SGER's solid operational performance also led to an increase in financial performance. This issuer, which is engaged in coal trading , posted revenue of IDR 3.17 trillion, a 253.22% jump from realized revenue in the same period last year, which was IDR 900.53 billion.As a result, SGER was able to collect a net profit of up to IDR 253.04 billion, an increase of 338.04% from net profit in the same period last year which was only IDR 57.76 billion.In addition to the increase in the performance of the coal sales segment, another factor driving the increase in revenue was revenue from new business lines, namely nickel sales worth IDR 23.89 billion and revenue from the contractor business worth IDR 4.03 billion.After surging last year, SGER management estimates that the average coal price this year will be lower, with the average selling price expected to be slightly lower or relatively flat compared to 2022.Meanwhile, global demand for coal is still strong, especially from China, Asia and Europe where natural gas supply is still not normal.Although not mentioning specific figures, management hopes that this year's revenue can match or even be higher than 2022 revenue. This optimism is based on data from the first quarter of 2023 where sales volume and average selling price, aka the average selling price (ASP) of coal, are still showing growth ."And also the revenue contribution from business lines other than coal trading, is expected to start making a bigger contribution," said Welly, Tuesday (6/6).Source: https://industri.kontan.co.id/news/sumber-global-energy-sger-patok-volume-penjualan-batubara-naik-10-15-di-2023

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