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04 Apr 2022, 09:01 AM

Perhapi Suggests Government to Secure Ex-PKP2B Land from Unlicensed Miners

www.industri.kontan.co.id
1792 Views
The Association of Indonesian Mining Experts (Perhapi) is of the view that the government needs to pay attention to aspects of resource and reserve conservation, acceleration of economic growth, as well as economic equity in shrinking the land of former companies holding Coal Mining Concession Work Agreements (PKP2B).This was conveyed by the Chairperson of Perhapi Rizal Kasli, when asked for his opinion regarding the phenomenon of land shrinking of former PKP2B holders that occurred in recent times. According to him, the government needs to see the land that was shrunk from the former PKP2B as state assets that must be properly secured.For this reason, the government needs to strictly maintain the ex-PKP2B land so that it is not later used by unlicensed miners (PETI). The next stage, the government then follows up on the ex-PKP2B land according to applicable regulations: it is auctioned with top priority given to State-Owned Enterprises (BUMN) or Regional-Owned Enterprises (BUMD) before being auctioned off to third parties in a transparent manner."(Illegal mining without a permit) is a loss for the State because the State will not get anything from the PETI operations and it is the responsibility of the State in the future to repair the environmental damage it causes," said Rizal to Kontan.co.id (4/4). ).In the last few years, land reduction has been carried out several times for a number of companies holding PKP2B. Most recently, land shrinkage was carried out in the mining concession of PT Multi Harapan Utama (MHU).After obtaining an extension of the coal mine production operating permit for 10 years, the company's concession area, whose PKP2B period expired on April 1, 2022, was set at 30,409 ha or decreased by 23.92%. Previously, MHU's land was recorded at 39,972 ha.According to Kontan.co.id's records, in the future there are still two of the seven first generation PKP2Bs waiting for the extension of the operating license. The two companies are PT Kideco Jaya Agung (47,500 ha/13 March 2023), and PT Berau Coal (108.009/26 April 2025).Source: https://industri.kontan.co.id/news/perhapi-sarankan-pemerintah-amankan-lahan-eks-pkp2b-dari-penambang-tanpa-izin
News
04 Apr 2022, 08:29 AM

Wilton Resources pares stake in subsidiary to fund Indonesia project

www.businesstimes.com.sg
1681 Views
GOLD miner Wilton Resources : 5F7 +11.11% has sold some 742 million shares in its subsidiary Wilton Makmur Indonesia for about S$3.5 million in cash, effectively reducing its stake in the company from 91.34 per cent to 86.56 per cent.In its announcement on Monday (Apr 4), Wilton Resources said it intends to use net proceeds from the sale to fund leaching activities at its processing facility at its Ciemas Gold Project in West Java, Indonesia.Proceeds will also be used to fund the progress construction of a 500 tonnes-per-day flotation and carbon-in-leach mineral processing facility at the project, and for general working capital purposes of the group.Highlighting that it had a negative working capital of 87.49 million rupiah (S$8.3 million) as at end-2021, the group said its sale of shares in Wilton Makmur enables it to raise funds within a short period of time to increase its working capital, which is needed to fund its construction activities for the Ciemas Gold Project.Wilton Makmur is an investment holding company listed on the Indonesia Stock Exchange. Its subsidiaries are principally engaged in gold mining activities in Indonesia.The purchasers are Chong Thim Pheng, executive chairman of Hotel Re! Singapore and a substantial shareholder of Wilton Resources, as well as his son-in-law Ong Kok Heng. Ong is currently director at fund management company Euro Asia Asset Management.Chong and Ong have also been granted an option to buy 530 million more shares in Wilton Makmur, representing a further 3.41 per cent interest in the company, for S$3.5 million in cash with a put option.About S$7 million in net proceeds from both the sale and option shares in Wilton Makmur collectively represent a loss of S$1.5 million over their open market value as at Mar 28, 2022, and a gain of S$5.5 million over their book value as at Dec 31, 2021.Based on the unaudited financial statements of Wilton Resources for the fiscal year ending Dec 31, 2021, the net loss attributable to the sale and option shares in Wilton Makmur amounted to 860 million rupiah and 610 million rupiah, respectively.Shares of Catalist-listed Wilton Resources ended flat at S$0.017 before the group requested for a trading halt on Mar 30, pending its release of the announcement. Its shares resume trading today.Source: https://www.businesstimes.com.sg/asean-business/wilton-resources-pares-stake-in-subsidiary-to-fund-indonesia-project
News
02 Apr 2022, 16:15 PM

MIND ID Trial of Mine Wastewater Management Digital Application

www.republika.co.id
1852 Views
BUMN Holding Mining Industry Indonesia (MIND ID), conducted a digital application trial to increase the effectiveness of mine waste water management. The application, called MASTERMINE , is designed to make it easier to monitor the quality of mine waste water by changing it from manual to digital.MIND ID Business Development Director Dilo Seno Widagdo said digital transformation has become one of MIND ID's main strategic themes. With this theme, MIND ID seeks to increase cost competitiveness through digital."The company is trying to apply the latest technology and the application of digitalization in all lines of the value chain to be able to create cost savings and business continuity," said Dilo, Saturday (2/4).MASTERMINE is an application developed by the POWERxWIT team, winners of the MIND ID Goes Digital competition in 2021. This application created by the nation's children is being tested at PT Bukit Asam Tbk (Bukit Asam) and is expected to be fully operational in the 4th quarter of 2022.The basic philosophy of MASTERMINE is a chemically and digitally integrated system to be able to process, monitor, and control an online mine waste water treatment system that is easy to use.Through this application, mine workers can monitor the quality of mine waste water and adjust the dose of reagents injected into mine waste water in real time.MASTERMINE also has an alert & notification feature that serves to warn workers when there is a decrease in the quality of mine waste water.That way, users of this application can immediately take corrective action by adjusting the reagent dosage further. In short, this process can ensure the consistency of mining wastewater is within the quality standards according to digitally applicable regulations.The development of the MASTERMINE application was motivated by the need for waste management as a commitment to implementing good mining practices.Dilo said, as a natural resource management company, mining operations and mineral processing, MIND ID Group produces by-products that require high priority handling.“Waste treatment is one element of mining operational costs which are quite high. The MASTERMINE application is expected to generate an efficiency value of 10 to 20 percent of the total cost of treating mine wastewater,” said Dilo.Hustler POWERxWIT, Rhesa Avila Zainal said, the MASTERMINE application proves that the work of the nation's children can support the progress of the mining industry in Indonesia."In the future, the mining industry's digitalization climate will be higher, mining operations will be more efficient and more environmentally friendly. The use of digital applications must be a priority for all mineral and coal mining businesses in Indonesia," said Rhesa.Source: https://www.republika.co.id/berita/r9pr49349/mind-id-uji-coba-aplikasi-digital-pengelolaan-air-limbah-tambang
News
02 Apr 2022, 09:01 AM

Safe Bet or Safety Risk? China’s Mixed Relationship With Coal

www.mironline.ca
4163 Views
In late February, fourteen workers died after a coal mine collapsed in China, trapping them. Among the world’s deadliest, coal mines in China are reminiscent of an age gone by, with much of the globe recognizing the wide-ranging harmful impacts of producing and consuming fossil fuels. Yet, China’s dependence on and high coal production signals a disconnect with this awareness. This disconnect mirrors the policies of the other major fossil fuel producers and consumers, including the United States, India, and Japan, who, along with China, refused to sign onto a coal phaseout pledge at the 2021 COP26 Climate Conference. The continued production and usage of coal make improvements in industry-related human rights and energy security impossible. The coal miners’ deaths and China’s weak energy security are symptoms of an issue that may begin to affect the other major producers and consumers. Despite various countries around the world making pledges to combat climate change and transition to clean energy, China doesn’t seem to agree — or at least refuses to acknowledge the critical impact its coal sector has on the environment. Instead, it has expanded production, generating 220 million metric tonnes a year of extra coal, a nearly six per cent rise from last year. The country already mines and burns more coal than the rest of the world combined, and it isn’t predicted to slow down, either. Expectations are high that China needs even more coal to fuel its economic recovery, slowed down by its “no-tolerance” policy towards COVID-19, renewed outbreaks, and a worsening real-estate crisis. What’s more, recent increases in the price of coal due to an export ban on coal from Indonesia illustrate the volatility of the energy source in terms of energy security. China had been importing coal from Indonesia to keep up with domestic demand, which the export ban threatened its ability to meet. Given the heightened attention placed on environmental regulation policies, countries can no longer outsource their demand to other coal-producing countries, explaining in part China’s increased production. In fact, three new mines were approved on February 21, requiring a total investment of $3.8 billion USD and producing a staggering 19 million tonnes of coal per year. With the recent COP26 discussions earlier this fall, it may surprise many that China has decided to ramp up its production and usage of a material that has significant negative effects on the environment. After all, China and the United States agreed to work together to achieve the 1.5°C temperature target, which would require emissions cuts, transitions to clean energy, and de-carbonization. Yet, even this was only achieved after intense discussion, with the absolute refusal of China to “phase out” the use of coal, instead finally adopting the phrase “phase down” as an alternative. “Carbon peak and carbon neutrality cannot be realized overnight,” Xi Jinping stated in a speech at the World Economic Forum. In addition to its environmental impact, coal as an industry poses numerous issues related to both safety and human rights. Chinese coal mines, specifically, are known to be some of the world’s deadliest, with poor safety standards and frequently suffering from explosions and gas leaks. Recent findings from the National Mine Safety Administration showed that some mining companies still have “weak safety development concepts, inadequate learning from accidents, inadequate investigation and management of potential safety risks, and weak basic safety management.”The aforementioned environmental degradation and pollution issues also have immediate impacts on communities. In mining areas, the industry has polluted water supplies and radically transformed the landscape by littering the ground with toxic gangue — the worthless material from which ore is mined. The toxic smoke from burning coal is well known to cause health problems, with the true severity of the impact becoming increasingly understood as scientists continue to learn more about its effects. In 2015, researchers at Berkeley Earth, an environmental research organization, found air pollution contributed to 1.6 million premature deaths per year. Energy security is another risk plaguing China’s economy. Such a high reliance on coal creates an inability to cope with inevitable fluctuations in supply and shortages. Faced with doubling coal prices last September, “Blackouts followed as China’s [utility companies] ran flat out to meet strong demand.” Environmental phenomena, including heavy rains and flooding earlier in the year, also hindered China’s ability to mine more to keep up with demand. Put together, the two create a situation whereby the country’s energy grid is highly vulnerable and insecure. Workers sort coal as part of the production process. “Sorting coal out of waste stone” by LHOON is licensed under CC BY-SA 2.0.So, is there a solution? Models and analyses show that a coal phaseout is unlikely in China, and the country’s refusal to adopt terminology pledging a phaseout at the COP26 summit signals the same. For such commitment to occur, coal-related industries and the general public must benefit from decreased consumption and production. Focusing on other key issues, such as coal use efficiency, implementing carbon capture and storage facilities, and significant investment in renewable energy, is critical. Without improving in these respects and implementing such technologies in the energy industry, phaseout policies will be impossible in the future. Unfortunately, China has not yet moved to take these measures.Although researchers at the Chinese Taiyuan University of Technology conclude that coal is still a source of stable economic and social development for the country, evidence and case studies of phaseouts in other contexts also show positive results. For example, a study done in Germany shows that emissions standards are achievable without immediately eliminating coal entirely and that governments could externalize and redistribute the costs of green energy transformation among other industries. In Canada, employment in a growing renewable energy sector is predicted to outpace coal industry job loss. A full transition away from coal would definitively guarantee industry workers’ safety, but a phaseout simply isn’t a commitment China is willing to make at this time. The German researchers recommend a “smooth and mature transition plan” away from coal instead of a full-fledged phaseout policy. China’s commitment to “phasing down” on the use of coal seems like one at first glance. Yet, the approval of new mines raises questions regarding the government’s true commitment to even this more limited goal. A complete commitment to phasing out coal by China would immediately and drastically increase mine safety, lowering the risk of incidents like the recent collapse, improve energy security, and safeguard the general population and environment. But at this time, it doesn’t make sense for the government to place all of their bets on renewable energy if there is still steady growth through coal, nor is it foremost in their policy agenda to fully follow through on the phase down declaration. At the moment, government models and policies do not consider the “externalities” that are the environmental and safety impacts of the coal industry. And until China invests in alternative energy projects and incorporates emissions-reducing technologies, this inconsideration will remain. Source: https://www.mironline.ca/safe-bet-or-safety-risk-chinas-mixed-relationship-with-coal/
News
01 Apr 2022, 10:12 AM

Copper Tightness ‘Is Far Beyond a Price Issue,’ Freeport CEO Says

www.bloomberg.com
3639 Views
Freeport-McMoRan Inc. and Goldman Sachs Group Inc. share a bullish outlook for copper. They appear to diverge, however, on how much of an impact higher prices would have on supply growth.Goldman analyst Nicholas Snowdon told a copper conference Wednesday that current near-record prices need to go much higher in order to stimulate a supply response. The next day, Freeport boss Richard Adkerson said market tightness “is far beyond a price issue.”So while copper companies like Freeport, the top publicly trader producer, are raking in the cash, there’s not much they can do to significantly accelerate projects given a deterioration of deposit quality and more demanding operating environments, Adkerson said in an interview. That’s a problem, with copper demand set to surge in the clean energy transition.“Even if the price of copper were to double overnight it would still be years before we had significant incremental production coming on,” he said. “The market is going to need it far faster than companies like ours can produce it.”Asked about the impact of China’s recent Covid lockdowns, Adkerson said copper demand from the Asian nation “has remained remarkably strong,” with the company not seeing any issues selling its material to smelters there.Russia’s invasion of Ukraine has less of an impact on copper than other commodities given Russia accounts for less than 5% of global supply. Still, any meaningful disruption can be felt in the current tight market, he said. The big unanswered question is how the war will affect the global economy, and therefore copper demand, going forward. “Nobody has a clear idea right now,” Adkerson said.Unless there’s a significant economic disruption, copper will become scarce as demand picks up from the electric vehicle and renewable energy sectors, Adkerson, 75, said. Scrap and substitution will have to help ease looming shortfalls, he added. Phoenix-based Freeport is doing its bit to lift global production. A new underground operation in Indonesia is ramping up to become the second-largest copper mine in the world, and the company is expanding mines in Arizona and working on new technologies to extract more metal. In Chile, Freeport is deferring a decision on a major investment until there’s greater certainty as the new government prepares to raise taxes. Besides the fiscal situation, Adkerson expressed confidence in Chile as an assembly of elected delegates writes a new constitution.  Asked if the difficulties in building new mines make buying assets more attractive, he said acquisitions aren’t part of Freeport’s fundamental strategy, although if opportunities arose they would be considered. While the focus is on expanding existing mines, “if there was an opportunity that came about where we could create value for shareholders, we are in a position to be able to execute on that,” he said.Source: https://www.bloomberg.com/news/articles/2022-03-31/freeport-ceo-says-copper-tightness-is-far-beyond-a-price-issue
News
31 Mar 2022, 11:11 AM

Borneo Indobara wins Top CSR Award 2022

www.tambang.co.id
2088 Views
PT Borneo Indobara has won the 2022 Top CSR Awards organized by Top Business Magazine. The coal mining company operating in Tanah Bumbu, South Kalimantan, won three trophies at once.In fact, the President Director of Borneo Indobara, Bonifasius H was awarded the Top Leader on CSR Commitment. In his speech, Bonifasius said that the corporate social responsibility program that had been carried out so far, was not only realized from the remaining profits, but had become the main commitment of the company's operations from the start.“The community around the mine is one of  our stakeholders  . The regional development program is carried out not from the rest of the profit, but from the beginning we have been working. We believe that better community growth will have an impact on the progress of the company," he explained after receiving the award trophy, in Jakarta, Wednesday (30/3).This subsidiary of the Sinar Mas Group, was awarded an award for having a number of excellent programs. Starting from improving the village economy, by developing agriculture, fisheries, animal husbandry and  home industries , to improving the quality of public health.For example, in Karang Indah Village, Angsana Sub-district, Borneo Indobara, building an Inpatient Plus Health Center, which is equivalent to a type D hospital. So that it is easier for people to get adequate and affordable health services, especially for BPJS Health users.“We are truly committed to contributing to building communities around the mine. If we do the calculations, the CSR costs we have spent in the last two years are equal to 4 percent of  our net profit  ,” explained Bonifasius.For information, the award, which carries the theme “ Being a Responsible Company is the Key Strategy for Business Sustainable Growth  , was  held by involving a number of institutions, such as the Indonesian Governance Professional Association (PaGI), the Indonesian GRC Association, Corebest, the Nawacita Study Institute, the Financial Development Foundation. Micro, GCG consultant, SGL Management, and Business Performance Solutions.The Chairperson of the 2022 TOP CSR Awards, M. Lutfi Handayani said, this award was attended by 850 companies in Indonesia. Then as many as 200 companies participated in the assessment, and 160 companies met the complete assessment.According to him, the Top CSR Awards activity is an assessment and awarding activity in the highest, largest and proudest CSR field in Indonesia. This award is given to companies operating in Indonesia, which are considered successful in implementing effective and quality CSR programs."Top CSR Awards is not just an assessment and awarding activity, but includes a lot of shared learning processes to improve the quality and effectiveness of the company's CSR," explained Lutfi.Source: https://www.tambang.co.id/borneo-indobara-sabet-penghargaan-top-csr-award-2022-28226/
News
30 Mar 2022, 16:02 PM

PSSI to proceed with asset divestment and business diversification in 2022

www.idnfinancials.com
1731 Views
PT Pelita Samudera Shipping Tbk (PSSI) will continue to divest its assets and diversify its non-coal cargo transport to keep the business afloat this year. Iriawan Ibarat, President Director of PSSI, mentioned that both strategies had been proven effective in boosting the revenue by 59% year-on-year (yoy) to USD 108.7 million in 2021. This surge also allowed the net profit to soar to USD 25 million.“We will push on and try to maintain our accomplishments in 2021, which were the best achievements we had seen in the company’s history,” Ibarat claimed in the official release received by idnfinancials.com. Until the end of 2021, the expansion of PSSI’s multi-cargo shipping had reached 30% in terms of the transport of non-coal commodities. This encompassed transporting nickels, copper concentrates, cement clinkers, silica sand, steel billets and other metal products.“It also includes answering to the demand for alumina cargo transport made by a state-owned enterprise, PT Indonesia Asahan Aluminium (Inalum) in Q4 2021,” Ibarat further revealed.On a side note, in order to support the business objectives this year, PSSI has prepared the capital expenditure (CapEx) of USD 10 million or IDR 143.5 billion. This CapEx budget is notably lower than the allocation in 2021 that reached USD 21 million. Source: https://www.idnfinancials.com/news/42712/pssi-proceed-asset-divestment-business-diversification
News
30 Mar 2022, 13:12 PM

Thiess wins three-year extension at Harum Energy’s Mahakam Sumber Jaya mine

www.im-mining.com
2340 Views
Thiess says it has been awarded a three-year contract renewal to provide mining services at Harum Energy’s Mahakam Sumber Jaya coal mine in East Kalimantan, Indonesia.Under the contract extension, commencing from April 1, 2023, Thiess will continue providing mine design and planning, drill and blast, overburden removal, load and haul, asset maintenance and management, rehabilitation, water management and haul road maintenance services.Thiess Executive Chairman & CEO, Michael Wright, said: “Thiess is proud to continue its longstanding relationship with Harum Energy at MSJ, where we’ve worked with our client to deliver sustainable mining services since the mine was developed in 2008.“This contract enables us to continue our record of delivering certainty for our client, with a clear focus on safe and sustainable production and rehabilitation.”Thiess Executive General Manager – Asia, Cluny Randell, added: “This contract renewal is great recognition of our team’s ability to partner and grow together with our client and deliver long-term performance and productivity gains for Harum Energy.“We look forward to continuing our strong relationship with our client and the community of Kutai Kartanegara, where we’ve worked together during COVID-19 to provide vaccinations for the local communities.”Source: https://im-mining.com/2022/03/30/thiess-wins-three-year-extension-at-harum-energys-mahakam-sumber-jaya-mine/
News
29 Mar 2022, 10:10 AM

Bridgestone launches new rigid dump truck tyre and real-time monitoring system

www.im-mining.com
1723 Views
Bridgestone has launched a new rigid dump truck tyre along with a real-time tyre monitoring system at the AGG1 Aggregates Academy & Expo in Nashville, Tennessee. Its 3-star rigid dump truck tyre is an expansion of its 24.00R35 product portfolio, a line-up specially developed for mid-sized rigid dump trucks to carry hefty loads on flat terrain, often at quarries and mines.The new tyre delivers 8% greater payload capacity along with a deeper tread depth to provide excellent tyre wear and improved traction, the company said. Additionally, the tyre provides a high resistance to cuts and heat as trucks transfer larger hauls between long distances at high speeds.Rob Seibert, President, Off-The-Road Tires, Bridgestone Americas, said: “As demand continues to strengthen in the construction and quarry segments, we remain dedicated to helping maximise productivity for our customers by pairing intelligent products with best-in-class services and integrated technology solutions. We are meeting growing industry demand with a superior product that features new technology and enhanced performance to optimise productivity.”Bridgestone is scheduled to begin production on the new 24.00R35 rigid dump truck tyre with an all-new traction pattern in late 2022, followed by a new hard-rock pattern.The company’s real-time tyre monitoring system, IntelliTire, is now being offered for 49 in or smaller applications. The system uses stem-mounted flow-through external sensors, in addition to internal sensors, to provide critical real-time data such as tyre inflation pressure and temperature to continually monitor the health of each tyre throughout its lifecycle. Transmitting sensor details through a cloud-based system, IntelliTire uses advanced and predictive algorithms to analyse data and issue alerts and customised reports to fleet operators.With its robust smart fleet management technology, IntelliTire allows operators to proactively address tyre issues with automated task lists, increase technician productivity with digital inspections and reporting, and mitigate unplanned maintenance to help reduce downtime and improve driver safety.Source: https://im-mining.com/2022/03/29/bridgestone-launches-new-rigid-dump-truck-tyre-and-real-time-monitoring-system/

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