Another good note was made by the coal mining company PT Berau Coal. The company, which is located in Berau Regency, has successfully won 2 prestigious awards at the 2022 Public Relations Indonesia Awards (PRIA) on Friday (25/03). Berau Coal set aside hundreds of participating Corporations, Ministries, Institutions and Local Governments.PT Berau Coal has successfully won Gold Winner for two CSR programs. One for the Corporate Social Responsibility Program, Community Base Development Sub category through the Berau Cipta Usaha UMKM Program. Then second, for the Corporate Social Responsibility Program, the Sustainability Business Sub category for the Berau Cocoa Program.PT Berau Coal's Corporate Communication Superintendent , Rudini, who was present at the event explained that this award is a form of appreciation for the company's cooperation, hard work and commitment in making a positive contribution to community development and empowerment and supported by good public relations performance."Alhamdulillah, we were able to improve our achievements at the PR Indonesia Awards 2022. PT Berau Coal won two awards at once and both were awarded the title of Gold Winner . This difficult achievement has certainly spurred our enthusiasm to always be consistent in implementing impactful and sustainable social programs for the community as well as effective communication strategies in delivering these programs,” he explained.Rudini added that the company's achievement in PRIA 2022 is a form of the company's consistency in carrying out its commitment to an impactful and sustainable Corporate Social Responsibility program.This also complements the previous prestigious achievements. At the end of 2021, PT Berau Coal managed to set a new record in the history of the Company's Environmental Management Performance Assessment (PROPER) carried out by the Ministry of Environment and Forestry (KLHK). PT Berau Coal became the first mining company in the PROPER event to receive two awards with the Gold predicate for Site Lati and Site Sambarata. Meanwhile, the Binungan site won the Green Proper. This is inseparable from the social innovation programs (CSR) that the company has run well.Founder and CEO of PR Indonesia, Asmono Wikan, explained that this year there were 782 entries that entered as participants in 10 sub categories. Meanwhile, the judging of MEN 2022 will be carried out by a total of 17 Jury on 16–25 February 2022."The jury at this event consists of PR and CSR experts, PR consultants/agencies, PR associations/organization figures, journalists and senior photographers, design and branding experts, and social media experts," explained Asmono.He also added that the PR Indonesia Awards (PRIA) is the most comprehensive public relations (PR) performance competition in Indonesia organized by PR Indonesia Media Group. ⁣“This agenda is an opportunity to prove themselves, as well as learning and appreciation for public relations who have shown superior performance in bringing their respective organizations/corporations to a higher level. We congratulate all parties who have achieved success in the PRIA 2022 event," said the man who was elected as a member of the Press Council for the 2022-2025 period.These are the Profiles of Two Gold Winner CSR ProgramsBerau Cipta Usaha UMKM is a CSR program under PT Berau Coal's Community Base Development sub-category which aims to support economic recovery in the midst of the Covid-19 pandemic and tourism development in Berau Regency. This program is expected to help create a sustainable and prosperous society.At the beginning of the program, PT Berau Coal together with the local kelurahan government carried out initial mapping and developed a scheme to provide support to MSMEs on the outskirts of Sambaliung. This is one of the tourist spots in the city of Tanjung Redeb, Berau Regency. This program is here to provide the concept of economic management to help increase the income of local MSMEs. At the same time, presenting new tourist attractions that are attractive, neat, hygienic and comply with health protocols for the people of Berau Regency.In the program, PT Berau Coal provides 30 units of sales booths with a good and uniform branding concept. These booths are used for culinary businesses by SMEs. The support booth was also equipped by PT Berau Coal with facilities and infrastructure to support health protocols. In addition, MSME actors also received training related to food hygiene and sanitation as well as providing visitor facilities and icons or landmarks to add to the tourist atmosphere in the Sambaliung outskirts area.In this program, PT Berau Coal cooperates with the Berau Regency Government to realize a common goal of economic recovery and increasing tourism in Berau."We are certainly grateful, this program, which has been running for almost a year, with good collaboration with the Berau Regency Government, can really have an impact on increasing people's income and welfare," said Rudini.From the Berau Cipta Usaha UMKM program, the number of UMKM actors has increased from 15 people to 120 people. This was also followed by an increase in the number of visitors which reached 70-100% on holidays, and an increase in merchant income by more than 300%.“This program has also received full appreciation from the Berau Regency Government. The location of the culinary center on the outskirts of Sambaliung was awarded as the only Food Snack Center that implements the Health Protocol in the context of preventing and controlling Covid-19 by the East Kalimantan Provincial Government and the Sambaliung Village Head was named the Best Trustee in 2021. The results are very satisfying, "added Rudini.Meanwhile, through the CSR program of PT Berau Coal's Sustainability Business sub category , namely, Berau Cocoa, it is hoped that cocoa development can create empowered farmers and a global Berau. Cocoa development in Berau Cocoa begins with mapping local opportunities and potentials in Berau District.Through the Berau Cocoa Program, PT Berau Coal provides assistance to cocoa development from upstream to downstream to cocoa farmers. From there, it is hoped that cocoa will become the leading sector to support the economy of Berau Regency in the future.The cocoa development strategy by PT Berau Coal through Berau Cocoa is divided into three namely plantations , trading and factories . In the plantation section , Berau Cocoa provides assistance to cocoa farmers in assisted villages to cultivate cocoa, manage farmer organization management, encourage farmer participation, and disseminate quality standards for cocoa beans toproduce premium quality cocoa beans. In addition, Berau Cocoa also collaborates with the Regional Government in providing land, seeds, plantation production facilities to technical guidance to farmers.In the trading and factory section , Berau Cocoa seeks to guarantee a market for farmers' crops and explores domestic to international markets as well as preparing downstream cocoa products, namely finished chocolate products in Berau Regency.As a result of the Berau Cocoa program, cocoa development has reached 13 assisted villages with 433 registered partner farmers being educated. Initially there were only 8 assisted villages and 113 partner farmers. The land area has also increased from 13 hectares to 550 hectares. Through the assistance so far, farmers are satisfied with the increase in income so far, which has reached 358%. Its value has exceeded the Berau Regency Minimum Wage (UMK). Berau's cocoa beans have also reached international markets in Asia, Australia and Europe.Berau cocoa has now also won a Geographical Indication (IG) protection certificate from the Directorate General of Intellectual Property of the Regional Office of the Ministry of Law and Human Rights (Kemenkumham) of the Republic of Indonesia.“The Berau Cocoa Program has had a significant impact on the farmers' economy and cocoa development in Berau District. This is also the result of the collaboration of PT Berau Coal with the Government and other parties to advance the Cocoa plantation sector in Berau Regency,” concluded RudinSource: https://www.tambang.co.id/dua-program-csr-berau-coal-raih-gold-winner-di-ajang-public-relation-indonesia-award-2022-28173/

Britishvolt, the UK battery start-up, is becoming a member of forces with a rich Indonesian household because it seems to safe provides of nickel for its big gigafactory in Northumberland. Beneath the settlement, Britishvolt will initially work with the economic conglomerate managed by Bakries to develop a plant able to producing a nickel compound that can be utilized by battery producers.As soon as the nickel sulphate facility has been established the 2 events will take a look at the potential to develop a 15GW gigafactory in Indonesia. “The deal offers us safety of nickel from the most important supply on this planet,” mentioned Timon Orlob, Britishvolt’s chief working officer.Nickel is a key part within the extra highly effective batteries utilized by electrical automobile makers and the struggle in Ukraine has raised recent considerations about safety of provide. Russia is the most important producer of battery-grade nickel, accountable for about 15 per cent of worldwide provide. Fears that provides might be disrupted by western sanctions contributed to a unprecedented spike in nickel costs to greater than $100,000 a tonne that pressured a week-long suspension of buying and selling on the London Metallic Change.Battery producers are actually attempting to safe provides of nickel from different components of the world. Northvolt, the European battery start-up backed by Volkswagen, mentioned final week it will purchase low-carbon nickel for its batteries from Canadian mines owned by Vale.Tesla boss Elon Musk has additionally expressed considerations about future nickel provide, promising big contracts over an extended time frame for firms that may mine the metallic in a sustainable and environmentally delicate means. The Worldwide Power Company reckons demand for nickel might want to develop 19-fold by 2040 if the world desires to hit the targets of the Paris settlement on local weather change.Indonesia’s president Joko Widodo is eager to capitalise on these developments and hopes to make the nation the world’s centre for nickel processing and battery manufacturing.Nonetheless, a lot of the initiatives being developed within the nation use coal-fired electrical energy. Britishvolt mentioned it will deliver its strict environmental, social and governance requirements to the partnership with Bakries & Brothers. It says the proposed nickel sulphate plant will finally be powered by renewable vitality.The billionaire Bakrie household are finest identified within the UK for his or her controversial plan in 2010 to arrange a world class mining group in partnership with British financier Nathaniel Rothschild. Nonetheless, the deal rapidly turned bitter throughout a downturn in commodity markets and Rothschild finally offered out in 2015.Britishvolt has raised about £1.7bn in funding from warehouse supplier Tritax and funding group Abrdn to assemble its manufacturing facility in Blyth. That funding was backed by £100mn from the UK authorities’s Automotive Transformation Fund.The corporate’s shareholders embody Swiss miner and commodity dealer Glencore, which has an settlement to provide Britishvolt with cobalt, one other key battery metallic. Britishvolt hopes to open its manufacturing facility in 2023, though it has but to indicate publicly its personal in-house battery developments.Talking on the FT Commodities Summit in Lausanne final week, Orral Nadjari, founder and chief government of Britishvolt, mentioned he would take a look at all choices to safe battery uncooked supplies, together with funding in junior miners.“The smaller firms are those sat with property,” he mentioned.Source: https://vergexpress.com/britishvolt-teams-up-with-indonesias-bakrie-family-in-nickel-venture/

PT Merdeka Copper Gold Tbk (MDKA) through PT Batutua Tambang Abadi (BTA), PT Hamparan Logistik Nusantara (HLN), and PT Provident Capital Indonesia (PCI) signed a conditional share acquisition agreement which was effective on March 24, 2022.Citing the information disclosure of the Indonesia Stock Exchange (IDX), Monday (28/3/2022), BTA will take part of the new shares to be issued by HLN thereby giving BTA ownership of HLN shares of 55.56 percent of the issued and paid-up capital of HLN . The total transaction for the share share was Rp 5.35 trillion."This transaction is carried out as one of BTA's strategic steps which is expected to provide added value and economic benefits for BTA and also the company in the future," wrote Merdeka Copper Gold 's management .The Company stated that the transaction was a material transaction and an affiliated transaction in accordance with the provisions of Article 6 paragraph (1) of POJK 17/2020; it is mandatory to use an appraiser in determining the fairness of the affiliated transaction in which the fairness of the transaction needs to be announced to the public and the Financial Services Authority (OJK).In this transaction, the company has appointed KJPP Iskandar and Partners as independent appraisers. The independent appraiser concluded that the transaction value was fair.Meanwhile, the affiliation between the company and BTA, PCI and HLN, among others, is that BTA is a controlled company whose shares are owned by PT Merdeka Copper Gold Tbk directly by 99.5 percent. Then there are similarities between BTA's board of commissioners and members of the company's board of directors.In addition, PCI is one of the controllers of the company through indirect share ownership through PT Mitra Daya Mustika and PT Suwarna Arta Mandiri. The company also conveys that there are similarities between the PCI board of directors and the company's board of directors. "HLN is an affiliate of PCI," the company wrote.Previously, HLN recently completed the acquisition of ownership in PT J&P Indonesia (JPI) and PT Jcorps Industri Mineral (JIM) from PT JCorp Cahaya Semesta with HLN owning a 95.3 percent stake in JPI and 99.9 percent in JIM.The acquisition assets consist of various investments by JPI and JIM. JPI controls a 51 percent stake in PT Sulawesi Cahaya Mineral, which holds a development business license (IUP) for one of the world's largest undeveloped nickel resources.In addition, it has minority stakes in two Rotary Klin-Electric Furnace (RKEF) nickel factories operating, including 49 percent in PT Cahaya Smelter Indonesia and 28.4 percent in PT Bukit Smelter Indonesia.JIM also holds majority stakes in companies that have IUP Limestone and hydroelectric projects. JIM also holds a minority stake, namely 32 percent of the Indonesian Konawe Industrial Park.Source: https://www.liputan6.com/saham/read/4923464/anak-usaha-merdeka-copper-ambil-alih-aset-nikel-rp-53-triliun

PT Indo Tambangraya Megah Tbk (ITMG) will channel out cash dividends of USD 238.85 million from its 2021 net profit on April 22, 2022. This plan was given the green light during the Extraordinary General Shareholders Meeting held last week (24/3).In the minutes of meeting quoted today (28/3), Monika Ida Krisnamurti, Corporate Secretary of Indo Tambangraya Megah, explained that the dividend would be distributed to shareholders recorded in the shareholders list by April 5, 2022. It will amount to USD 3,040 per share. “The net profit attributable to the parent entity amounted to USD 475.57 million, the unrestricted retained earnings reached USD 841.27 million, while the total equity clocked up to USD 1.20 billion,” she specified.The shareholders meeting also concluded that the total dividend for the Fiscal Year (FY) 2021 was worth USD 332.92 million in total (USD 4,285 per share). It comprised interim dividend in FY 2021 of USD 9.04 million (USD 1,218 per share), and this upcoming cash dividend for the shareholders of USD 238.85 million.The schedule of the dividend distribution has been set. The cum and ex dividend in the regular and negotiation market were set on April 1 and 4, 2022, while the cum and ex dividend in the cash market follow on April 5 to 6, 2022. Source: https://www.idnfinancials.com/news/42619/itmg-distribute-cash-dividends

PT Samindo Resources Tbk (  MYOH ) recorded a slick performance on the bottom line throughout 2021. Based on the company's annual financial report released last week, this mining service contractor company managed to record a profit attributable to the owner of the parent entity alias net profit of US$ 26.92 million in 2021, up 19.62% compared to the net profit achievement. MYOH in 2020 which amounted to US$ 22.50 million.The profit growth was obtained when MYOH's revenue decreased. It was noted that MYOH's revenue decreased by 7.38% year-on-year (yoy) from US$ 173.47 million in 2020 to US$ 160.66 million in 2021. Head of Investor Relations of MYOH, Ahmad Zaki Natsir, explained that the decline in revenue was due to a reduction in the volume of overburden removal from the original guidelines. Even so, MYOH has a strategy of making a number of efficiency efforts. Some examples of concrete steps such as by suppressing work accidents. “As a result, the use of spare parts can be saved, standby time can also be reduced, so fuel consumption can also be reduced. Then since last year we have also started to reduce maintenance of heavy equipment through third parties, this year we continue to increase the portion of independent maintenance, so maintenance costs to third parties can be reduced, "explained Zaki to Kontan.co.id (25/3).Taking a peek at MYOH's financial statements, MYOH's cost of revenue fell 12.62% yoy to US$ 120.18 million in 2021. Previously, MYOH's cost of revenue reached US$ 137.54 million in 2020. Meanwhile, general and administrative costs as well as MYOH's financial costs rose steadily. It was noted that MYOH general and administrative expenses rose by 5.20% yoy from US$ 7.55 million in 2020 to US% 7.95 million in 2021. Meanwhile, MYOH's finance costs rose 14.15% yoy from US$ $39,333 in 2020 to $44,902 in 2021.Zaki said, MYOH is optimistic that the coal industry as a whole has good prospects in 2022. MYOH is of the view that energy transformation towards new and renewable energy (EBT) still takes time, so that countries experiencing an energy crisis will eventually still use coal. On the other hand, MYOH also sees that the war conflict between Russia and Ukraine and the lack of gas supply to allied countries of the United States (US) have the potential to increase the use of steam power plants (PLTU).In 2022, MYOH is pursuing an overburden removal target of 38 million bank cubic meters (bcm), a coal getting target of 8.5 million tons, and a coal hauling target of 27 million tons. As a comparison, in 2021, MYOH recorded overburden removal realization of 36.9 million bcm, coal getting 11.3 million tons, and coal hauling 27.8 million tons. In terms of financial performance, MYOH is aiming for a revenue target of US$ 155.7 million and a net profit target of US$ 22.8 million in 2022. Zaki said, MYOH considered several things in launching this financial target."In terms of income, there are indeed several things that need to be considered, the amount of volume is not automatically reflected in financial performance. The reason is that there are several external factors that cannot be controlled, such as the distance from the disposal site, the distance from which it affects income in terms of distance compensation, then the Rupiah exchange rate also has an effect, so we relatively set it conservatively, to be more realistic in its implementation, "explained Zaki.Source: https://industri.kontan.co.id/news/samindo-resources-myoh-bidik-pendapatan-us-1557-juta-pada-2022

Far East Gold (FEG) officially listed its initial shares on the Australian Stock Exchange (ASX) today, Monday (28/3/2022). One of the company's focuses is to acquire 3 gold mines in Indonesia. Based on the initial public offering (IPO) prospectus, FEG issued 60 million new shares at a price of 0.20 Australian dollars per share.Thus, the company pocketed fresh funds of around 12 million Australian dollars from this IPO. FEG Chairman Paul Walker said the company had obtained commercial rights for the acquisition, exploration and development of three mining projects located in the Drummond Basin and Connors Arc areas, Queensland, Australia. Then there are 3 projects in Indonesia, namely the Woyla gold mine in Aceh, Trenggalek in East Java and Wonogiri in Central Java.“Indonesia presents attractive opportunities for mining companies in general and Far East Gold in particular. Indonesia is growing rapidly in its wealth of natural and human resources,” he explained in the prospectus. According to him, Indonesia's large mineral reserves and relatively low operating costs are one of the world's biggest contributors to the global mining sector. Indonesia is currently the 6th and 12th largest gold producer in the world The Drummond Basin and Connors Arc are well-established locations for gold exploration and operations in Queensland. The Drummond Basin has historically produced over 4.5 million ounces of gold and has total known gold reserves of over 7.5 million ounces of gold.As for the 3 gold mines in Indonesia, the following data is presented by FEG in its prospectus:1. Woyla Gold Project 6th generation works contract covering an area of ​​24,260 ha in Aceh, North Sumatra, Indonesia. Far East Gold believes that this project is one of the most prospective pure copper gold projects in Southeast Asia. Far East Gold has secured the rights to acquire an 80 percent participating interest in the project.2. Trenggalek Gold Project Project with IUP OP (Operation and Production Mining Permit) covering an area of ​​12,813 ha in East Java, Indonesia. This project  is a follow-up project that has completed more than 17,700m of drilling and houses several large-scale porphyry and epithermal prospects. Far East Gold has secured the rights to acquire a 100 percent participating interest in the project.3. Wonogiri Gold Project Project with 3,928 ha IUP Exp (Mining Permit for Exploration) in Central Java, Indonesia. This follow-on project has a 2012 JORC resource estimate which, using a grade of 0.2 g/t AuEq, contains 81.56 million tonnes at 0.44 g/t AuEq (0.38 g/t gold and 0.11 percent copper ).This represents 996,500 ounces of gold and 190 million pounds of copper, or 1.15 million ounces of AuEq. At the 0.5g/t AuEq cut-off the estimated total resource contained is 20.95 million tonnes at 0.85 g/t Au and 0.16 per cent copper, representing 573,000 ounces of AuEq consisting of 533,000 ounces of gold and 74 million pounds copper. Far East Gold has secured the rights to acquire a 100 percent participating interest in the project .Citing Financial Review , Far East Gold is backed by executives who have decades of experience in a relationship-based approach to succeeding in Indonesia. One of Far East Gold 's IPO investors is Michaelangelo Moran, one of the founders of unicorn GoJek . Not to forget, an investment company from the United States, Price Street Capital also bought the IPO of Far East Gold. Prince Street founder David Halpert lives in Singapore and has close connections in Indonesia.Source: https://market.bisnis.com/read/20220328/192/1515731/far-east-gold-dari-australia-caplok-tambang-emas-woyla-trenggalek-dan-wonogiri

The Indonesian Coal and Energy Suppliers Association (Aspebindo) assesses that the option to increase the domestic market obligation (DMO) does not necessarily solve the problem of domestic coal supply. Secretary General of Aspebindo, Muhammad Arif said, the problem of domestic coal supply actually stems from problems in the trade system and the difference in the price of DMO coal with coal prices in the global market which is too large."The price of DMO (coal for) electricity still cannot compete with market conditions outside so that an increase in DMO from 25% to 30% will not necessarily solve the problem if there is no formula for the DMO price for electricity that can be developed to follow the increase in market prices or supporting infrastructure in the country. other coal," said Arif to Kontan.co.id (27/3).As is known, the current regulation, namely the Decree of the Minister of Energy and Mineral Resources (ESDM) Number 139 of 2021 concerning the Fulfillment of Domestic Coal Needs requires the holder of a Mining Business Permit for the Coal Production Operation stage, a Special Mining Business Permit for the Coal Production Operation stage, Coal Mining Concession Work in Production Operation stage, and Special Mining Business Permit as Continuation of Contract/Agreement Operation to fulfill DMO of 25% of production. For the electricity sector, the selling price of coal for the provision of electricity for public purposes is set at US$ 70 metric tons.The discourse to increase the DMO of coal from 25% to 30% was revealed by the Minister of Energy and Mineral Resources (ESDM), Arifin Tasrif last week in Yogyakarta (25/3). Kontan.co.id noted, Arifin said that the ESDM Ministry was reviewing the adjustment options. Later, if it is implemented, the policy of increasing the DMO portion of coal will be stated in the form of a ministerial regulation. In his meeting with the media crew at that time, Arifin said that the DMO price of coal for the electricity sector was still set at US$ 70 per ton.Muhammad Arif said that the government's intention to increase the portion of DMO in order to maintain supply certainty is understandable. Even so, he assessed, the option to increase the DMO portion to 30% will only be effective if it is accompanied by a DMO price formula policy that can offset the increase in coal prices in the global market.Arif reasoned, costs such as the cost of supporting infrastructure, fuel, truck costs, and ports usually also increase following the coal market price. For this reason, Arif considered that the existence of an autonomous body such as the Public Service Agency (BLU) was needed to formulate the right DMO price formulation. "In my opinion, schemes such as BLU or other autonomous agency schemes to regulate commercial or electricity DMO prices need to be pushed together with DMO increases," said Arif.In her interview with Kontan.co.id last Friday (18/3), the Director of Coal Business Development at the Ministry of Energy and Mineral Resources, Lana Saria, revealed that the option for implementing the BLU scheme is still under discussion. "Still in the study rate," he told Kontan.co.id (18/3).A little information, this year, the Ministry of Energy and Mineral Resources has launched a coal production plan of 663 million tons. From the production plan, the government set a coal DMO plan of 166 million tons. A total of 130 million tons of which are for the electricity sector. Until the end of February 2022, the realization of DMO fulfillment in total (electricity and non-electricity) reached 25.88 million tons."(DMO realization until February 2022) is in line with the 166 million ton plan," said Lana.Source: https://industri.kontan.co.id/news/aspebindo-kenaikan-dmo-jadi-30-belum-tentu-selesaikan-persoalan-pasokan-domestik

The Mempawah, West Kalimantan Smelter Grade Alumina Refinery (SGAR) project owned by PT Inalum and PT Aneka Tambang Tbk (Antam) is projected to experience a delayed operation schedule. The project with a capacity of 1 million tons was originally targeted for completion in July 2023. The calculation dispute between the project contractor's EPC makes the project implementation not run optimally. Just so you know, the SGAR Project is managed by PT Borneo Alumina Indonesia (PT BAI) which is owned by PT Inalum (Persero) with 60% shares and ANTAM with 40% shares.President Director of PT BAI Dante Sinaga said, referring to the existing plan, the project should have reached 71.73%. Unfortunately, until now, the project with an investment of US$ 831.5 million has only reached 13.78%."This is mainly due to the very late progress of procurement . Procurement is 47.75% late," said Dante in an RDP with Commission VII DPR RI, Monday (21/3).Dante said that the delay in procurement work had an impact on other stages. In addition, there are two main factors that have also contributed to the delay in the Mempawah SGAR project. Dante said that there were still disputes between EPC contractors. The absence of an agreement reached for the internal consortium agreement is recognized as an obstacle.Meanwhile, the EPC contractor for this project is a state-owned company from China, China Aluminum International Engineering Corporation Ltd (Chalieco) together with PT Pembangunan Perumahan Tbk (PTPP). The second factor is related to the work and location for red mud for the B3 waste treatment plant from the smelter. "So these two things (causes) but the biggest one is the dispute between the consortium," said Dante. Dante also confirmed that mediation efforts have been carried out but so far no agreement has been reached.PTPP EPC Operations Director Eddy Herman Harun revealed that there was still a difference in the calculation of values ​​for several works between PTPP and Chalieco. Eddy explained, based on the scope of work, PTPP was in charge of civil work and the rest by Chalieco."We can't work alone because the data has to come from Chalieco. We can't make it up, it's too late to reach us and we haven't even provided all of the data facilities to us," said Eddy. Eddy continued, based on the consortium contract, the unit price has been agreed for the construction covering 2,628 items . Of these, 2,297 items are unit ptices and the rest are lump sum items .For item prices , the initial contract value reached Rp 2.77 trillion. Later there was a difference in calculations for the work and prices between the two consortium members. This delay is recognized as having the potential to make the project have to be pushed back from the schedule."If the T&C is like this, the project will definitely be pushed back, if it's finished it will be finished, but it's time for it to be postponed," said Dante, unfortunately he couldn't provide further projections. For your information, this project is expected to be able to process bauxite from PT Antam for further delivery to the Inalum Smelter. The presence of this project is also expected to reduce the number of alumina imports.Source: https://industri.kontan.co.id/news/epc-kontraktor-tidak-akur-smelter-alumina-inalum-antam-terhambat

PT Aneka Tambang Tbk (ANTM) purchased electric power supply from PT Perusahaan Listrik Negara (PLN) to run the Haltim ferronickel smelting facility in North Maluku. This sale and purchase agreement was signed yesterday (14/3) and will take effect for 30 years since the facility is officially operated.Nico Kanter, President Director of ANTM, claimed that this sale and purchase agreement is an extension of the previous head of agreement regarding the electric power supply for the Haltim ferronickel smelting plant, signed on February 10, 2022. “The said contract is linked to the speedy completion of the Haltim ferronickel smelter construction. The synergy with PLN will run efficiently and optimally to meet the operational target of the smelter,” he explained in the press release quoted Monday (21/3).According to Kanter, the construction of the said nickel ore smelting plant had reached 98.18% in December 2021. This facility has a capacity of 13,500 tons of nickels in ferronickels (TNi). Next, the installed production capacity of ANTM will rise to 40,500 TNi. (LK/ZH)Source: https://www.idnfinancials.com/news/42547/running-haltim-ferronickel-smelter-antm-channels-power-pln

PT Kapuas Prima Coal Tbk ( ZINC ), a listed base metal producer in Indonesia, seizes a positive opportunity from the increase in commodity prices that has continued to occur since the last one year. ZINC sees the current commodity prices, as well as the increasing demand for iron ore commodities, as well as base metals, especially for lead and zinc concentrates from various countries, will also boost the company's performance at the end of this year. As a result, ZINC also targets revenues in 2022 to reach Rp 1.2 trillionZINC Director Evelyne Kioe said that by the end of 2021, his party had projected that the company's performance this year would increase. "Now the consequences of the conflict in Europe have caused a number of commodity prices to increase, including those we mine. This can indeed provide the potential for increases," he said, Monday (21/3).Evelyne emphasized that despite this opportunity, ZINC will continue to focus on implementing Good Mining Practice in maintaining performance and pursuing the completion of the smelter construction. In addition, ZINC also continues to run sustainability programs for CSR.One of ZINC's commodities which is targeted to increase sales contribution this year is iron ore. With the price of iron ore currently in the range of US$ 145-US$ 155 per tonne (Fe content of 62%). This year, ZINC targets to sell around 180,000 tons of iron ore, with a target revenue contribution from iron ore of US$ 18 million to US$ 20 million, an increase of about 45% compared to the contribution in the previous year.As is known, ZINC has mineral reserves of iron ore reaching 23 million tons which have not been exploited. With rising prices and stable demand, the company will intensify iron ore mining on a large scale to target sales to the domestic market. In addition to iron ore, this year ZINC will also intensify production and sales of lead (Pb) and zinc (Zn) concentrates. With ZINC's total exploration area reaching around 1,600 Ha of the company's total mining area of ​​5,569 Ha, ZINC will continue to increase production capacity with a target of reaching 550,000 tons to 642,000 tons of ore.From ZINC's monitoring, the prices of lead (Pb) and silver currently tend to be stable compared to the previous year, while for zinc (Zn) the prices have experienced a significant increase. If the commodity price can stay in the range of US$ 3,500 per tonne, it can make an additional contribution to profit. However, if commodity prices continue to fluctuate, it can have an impact on production costs.Source: https://industri.kontan.co.id/news/kapuas-prima-coal-zinc-pacu-penjualan-di-tengah-reli-harga-komoditas