Indonesia Miner : News

State-owned Mining Holding MIND ID together with its affiliate, PT Industri Baterai Indonesia (IBC) continues to strive for the acceleration of low-emission energy, one of which is realized through the signing of a memorandum of understanding (MoU) together with Citaglobal Bhd. from Malaysia.The scope of the MoU is cooperation in the development of battery cell manufacturing plants and Battery Energy Storage System (BESS). This cooperation is expected to complement each other and provide more value for the readiness of the battery industry in Indonesia.As is known, IBC is a subsidiary of BUMN, which was founded by four Indonesian SOEs, namely PT Aneka Tambang Tbk. (ANTM), MIND ID, Pertamina, and PLN.The signing of the MOU between IBC and Citaglobal was carried out on Sunday (08/112023), which was witnessed by the Prime Minister of Malaysia, YAB Dato' Seri Anwar Ibrahim during his first official visit to Indonesia since being appointed as Prime Minister of Malaysia.President Commissioner of IBC and Director of Institutional Relations of MIND ID Dany Amrul Ichdan said that in principle there are three main points of collaboration contained in the MoU. The first is the development, design, and construction of integrated turnkey manufacturing facilities for battery cells, modules, and packaging.Second, the development of BESS integrated solutions. Thirdly, the transfer of technology and related knowledge for the development of battery factories and BESS."MIND ID strongly supports the implementation of this MoU, because it is very good for both parties, who have strategic plans and focus on accelerating the growth of the battery-based electric vehicle ecosystem, as well as a form of accelerating the transition to low-emission renewable energy," he said in an official statement, Wednesday (11/1/2023).Dany appreciates that IBC can cooperate with foreign companies that already have a good reputation. This means that domestically made battery products will go international.Citaglobal Executive Chairman & President Tan Sri Dato' Sri (Dr.) Mohamad Norza Zakaria said increasing battery storage capacity is very important for the development of renewable energy, both in Malaysia and Indonesia.The Malaysian Energy Commission has committed to adopting battery storage technology up to 500 MW. With Malaysia's strategic location for high solar potential, the government has been very proactive in selecting suitable areas for solar power adoption, especially for battery energy storage systems."Cross-border collaboration will enable both sides to leverage each other's expertise and accelerate the process of increasing low-carbon resources," he added.The MoU has a period of one year and is valid from the date of signing. This collaboration is also a form of accelerating IBC's readiness as a key player in the electric vehicle battery industry, especially in terms of technology.Image source: Dok.IBCSource: https://market.bisnis.com/read/20230111/192/1617254/ambisi-mind-id-dan-ibc-gandeng-citaglobal-bangun-pabrik-baterai

ABM Investama (ABMM) Coal Reached13.7 Million Tons

16 Jan 2023, 08:09 AM 5172

PT ABM Investama Tbk (ABMM) has achieved production and sales volume targets set throughout 2022, namely in the range of 13 million to 14 million tons. The company's management stated that sales in 2022 would be around 13.7 million tons.  "Regarding the prospects for 2023, hopefully, it will be as good as 2022 considering that energy demand has never decreased," wrote ABMM Management in a statement Therefore, the company is aiming for a production and sales target of around 12.4 million tonnes this year. This target is lower than in 2022 because ABMM's coal reserves have decreased.Until the end of 2021, coal reserves in the mining concession area of PT Tunas Inti Abadi (TIA) amounted to 4.42 million tons by the end of December 2021. Meanwhile, coal reserves in the Aceh mining concession are owned by PT Mifa Bersaudara (MIFA) and PT Bara Energi Lestari ( BEL) reached 200.36 million tons. The company said that throughout 2023 the company will focus on increasing the volume of coal production targeted by its partners. To support this plan, ABMM has prepared capital expenditure of more than US$ 200 million or around Rp 3.12 trillion (exchange rate of Rp 15,600).Source: https://www.emitennews.com/news/capai-target-penjualan-batubara-abm-investama-abmm-sentuh-137-juta-ton

Support Downstreaming, Freeport Indonesia Accelerates Construction of Copper Cathode Smelter

13 Jan 2023, 03:02 PM 5011

PT Freeport Indonesia (PTFI) continues to push for the construction of a copper cathode smelter project in the Java Integrated and Industrial Port Estate (JIIPE) area in Gresik, East Java.  PTFI Vice President Corporate Communications, Riza Pratama explained, his party supports the Government's downstream policy. It is evident that PTFI is in the process of developing a major investment in the construction of domestic smelting and refining facilities. "Previously construction activities were limited due to the pandemic, but currently we are making very good progress in completing the project as quickly as possible," he explained to Kontan.co.id, Friday (13/1). Riza said that the copper cathode smelter construction process had reached more than 50% at the end of last year. The smelter construction is targeted to be substantially completed by the end of 2023 with an increase in production in 2024."We will continue to demonstrate our commitment to this initiative and will work closely with the government," he stressed. Riza emphasized that it is important for all stakeholders to maintain mining operations while building smelter capacity continues. The production capacity of the smelter that is being built by PTFI in the Special Economic Zone (KEK), JIIPE - Gresik is 1.7 million tons of copper concentrate. This smelter will produce 550,000 tons of copper cathodes per year.Source: https://industri.kontan.co.id/news/dukung-hilirisasi-freeport-indonesia-pacu-pembangunan-smelter-katoda-tembaga

Minister outlines EV ecosystem investments

13 Jan 2023, 02:02 PM 4088

Several companies have shown an interest in investing in the development of the electric vehicle (EV) ecosystem in Indonesia, according to Minister of Investment and Head of the Investment Coordinating Board (BKPM), Bahlil Lahadalia.After attending a limited meeting chaired by President Joko Widodo at the Presidential Palace in Jakarta on Friday, the minister shared the names of three such companies: LG from South Korea, Contemporary Amperex Technology Co. Limited (CATL) from China, and Britishvolt from England.Lahadalia said that investment from LG and CATL will be used for creating an EV ecosystem from upstream to downstream, which will begin this year.LG and CATL have adopted a similar mechanism, namely collaboration with a number of local companies under the state-owned holding mining company MIND ID, he disclosed.During the mining stage, both will work with PT ANTAM. Then, for smelter development, they will work with the Indonesian Battery Industry or Indonesia Battery Corporation (IBC), a state-owned enterprise whose shares are owned by ANTAM, MIND ID, PLN, and Pertamina."They will also process the cell battery cathode precursors and recycling. So this is a whole ecosystem that may become the first in the world because other cycles in other countries are only partial," he informed.In terms of investment value, LG will provide US$9.8 billion in capital and CATL around US$6 billion to Indonesia, the minister said."This is what is currently running this year," he added.Regarding the location, the minister informed that the smelter will be set up close to the mining location, while the cathode precursor factory will be partly situated in Batang, Central Java."CATL determined the location between Batang and North Kalimantan on their own," Lahadalia stated.Speaking about the investment from Britishvolt, he said he believes that the licensing process is almost complete, but estimated that the construction will start only in the second or third quarter of 2023."Britishvolt is working with a national company. Right now, the licensing process is almost complete, but the initial development may not be carried out in the first quarter, maybe in the second or third quarter," he explained.Source: https://en.antaranews.com/news/269370/minister-outlines-ev-ecosystem-investments

Transcoal Pacific schedules a private placement of 500 million shares

13 Jan 2023, 10:01 AM 5084

PT Transcoal Pacific Tbk (TCPI) intends to raise its capital without pre-emptive rights, also known as a private placement, by issuing 500 million units of new shares.These new shares are equal to 10% of TCPI’s entire issued and paid-up capital.The management of TCPI said that until now, there has been no investors that are said to take part in this private placement. “The company will announce more detail regarding potential investors through the information disclosure as dictated by the Financial Services Authority Regulations (POJK) No.14/2019,” the management of TCPI claimed in its official release.TCPI will ask for approval regarding this plan during the Extraordinary General Shareholders Meeting on January 6, 2023. After securing the green light, the private placement is estimated to take place gradually within the next two years.The management has yet to confirm their plan on private placement proceeds utilisation. However, based on their official statement, the management believes that this corporate action will improve the company’s capital structure and financial condition. (KR/ZH)Source: https://www.idnfinancials.com/news/45595/transcoal-pacific-schedules-private-placement-shares

Delta Dunia Makmur's Strategy to Capture Mining Services Business Opportunities in 2023

13 Jan 2023, 09:03 AM 4705

PT Delta Dunia Makmur Tbk ( DOID ) is preparing a number of strategies to seize business opportunities in 2023. DOID's management sees that the coal business opportunities in Indonesia this year are still quite promising. DOID's Head of Investor Relations , Regina Korompis explained, in general about a number of factors that make the prospects for the coal business in the country remain promising. Regina explained, the geopolitical conditions of Russia and Ukraine, the current increase in Australian coal prices due to high rainfall which has hampered coal transportation, and the easing of restrictions in China will boost demand from China, as well as other countries, including India. "With the increase in prices and demand for coal from Indonesia, this will greatly help increase state revenue so that it can support government programs in recovering the post-pandemic economy," he explained to Kontan.co.id, Tuesday (10/1). Seeing this potential, DOID Management remains optimistic about the growth of the mining industry in Indonesia. In order to seize this opportunity, the company has prepared a number of strategies to keep growing amidst the challenges that may arise in the future.  Some of these strategies are developing the core business, namely Bukit Makmur Mandiri Utama (BUMA) and BUMA Australia, and strengthening strategic partnerships with existing partners. In line with this, his party also strengthens operational quality at all stages of mining.DOID also diversifies or expands its business into business lines that are close to the core business such as technology, infrastructure and further development of business social activities. Apart from that, as another form of diversification, DOID has also penetrated into mining ownership. "Last November, we announced an increase in our strategic stake in Asiamet Resources Limited worth £2.649 million (equivalent to US$ 3 million), in working on the BKM copper mine project located in Central Kalimantan," he said. Even though Regina has prepared various strategies and business focus this year, Regina did not provide an overview of the capital expenditure allocation for 2023. Launching the 2022 public expose report, last year DOID allocated a capital expenditure plan of US$ 150 million to US$ 200 million which was allocated for two things. First, Maintenance Capex to replace heavy equipment that is no longer usable. Second, New Capex for growth ( growth ) when acquiring new customers or contracts. From the budget of US$ 150-US$ 200 million, an amount of US$ 60-US$ 70 million is Capex growth carried forward from the previous year.  Source: https://industri.kontan.co.id/news/ini-strategi-delta-dunia-makmur-tangkap-peluang-bisnis-jasa-pertambangan-pada-2023

Habco (HATM) Signs Contract with DWGL, Transports Coal to PLN

13 Jan 2023, 08:00 AM 4789

Coal shipping issuer PT Habco Trans Maritima Tbk. (HATM) signed a contract with PT Dwi Guna Laksana Tbk. (DWGL) for a three-year cooperation.HATM President Director Andrew Kam said, even in the climate of economic recession in 2023, HATM's business activities are still strong and increasing."Answering the request of one of HATM's main clients, Dwi Guna Laksana and HATM have signed a transportation contract effective as of January 2023 to run for the next three years," he explained in a press statement, Thursday (5/1/2022).Meanwhile, the final customer of DWGL is the State Electricity Company (PLN), a cooperation contract is carried out to maintain the level of coal supply and energy availability in Java and Bali.In the agreement, the amount of cargo to be transported for DWGL will reach 750,000 MT per year with a potential revenue of up to IDR 110 billion per year.DWGL Shipping and Logistic Manager Edy Syaifullah added that with the support of a fleet of barges in various sizes in accordance with the specifications of the PLTU POD, HATM is able to provide reliable and fast shipping services and competitive prices is one of the reasons for the cooperation with DWGL.Andrew said that despite entering the climate of economic recession in 2023, HATM plans to increase and accelerate the procurement of a fleet of ships to answer domestic demand that is still strong from the original plan to budget growth of up to 10 ship fleets by 2028."The amount of cargo carried by the Company's three ships increased from 2.4 million tons in 2021 to 2.66 million tons in 2022. Habco Aquila will contribute quite a lot in 2023 although it is still not optimal enough," said Andrew.Image source: IstimewaSource: https://market.bisnis.com/read/20230105/192/1615428/habco-hatm-teken-kontrak-dengan-dwgl-angkut-batu-bara-ke-pln

Samindo Resources (MYOH) Targets Overburden Removal Volume of 35 Million Bcm

12 Jan 2023, 12:23 PM 4487

PT Samindo Resources Tbk ( MYOH ) is targeting an increase in overburden removal (OB) volume performance this year. MYOH Head of Investor Relations Ahmad Zaki Natsir revealed, the volume of overburden removal is projected to increase compared to 2022. "The target for overburden is 35 million bcm. Compared to last year's realization (there is) an increase," Zaki told Kontan.co.id, Tuesday (10/1).Even Zaki has not been able to detail further the estimated performance both financial and production for 2022. Kontan noted, MYOH's revenue in the third quarter of 2022 was US$ 103.89 million. This number decreased by 13.53% compared to revenue for the January-September 2021 period which reached US$ 120.15 million.From the results of this income, MYOH pocketed profit attributable to owners of the parent entity alias net profit of US$ 9.89 million in January-September 2022, down 53.38% compared to the January-September 2021 realization of US$ 21.23 million .Source: https://industri.kontan.co.id/news/samindo-resources-myoh-incar-volume-overburden-removal-35-juta-bcm

Golden Energy Mines (GEMS) Aims for 5% Coal Production Growth in 2023

12 Jan 2023, 09:00 AM 5795

PT Golden Energy Mines Tbk (GEMS) targets coal production throughout 2023 to grow 5% on an annual basis compared to production in 2022. President Director of GEMS, Bonifasius explained, so far the final data on production in 2022 is still in the consolidation stage."But the estimated production is around 39 million tons from the target of 40 million," he explained to Kontan.co.id, Sunday (8/1).This year, Boniface sees that coal growth is still good with the easing of Covid-19 monitoring in China. He sees that this should be able to spur industrial growth for the better and have an impact on the energy needs of coal."Production growth this year is estimated to be above 5% compared to 2022," he said.According to Kontan.co.id calculations, when compared to the provisional data stated by Boniface, the additional production volume targeted by GEMS in 2023 is 1.95 million tons of coal so that production will be 40.95 million tons.Launching the results of the November 2022 public expose, GEMS Management explained, according to the Work Plan and Cost Budget (RKAB) currently being submitted by PT Borneo Indobara (BIB), a subsidiary of GEMS as the largest contributor to production volume with a total production proposed of 36 million tons, and BIB has plans to submit a revision of the RKAB in the middle of 2023 to increase its production volume.The focus of GEMS's business agenda throughout the year is to spur business growth organically and maintain growth in accordance with Environmental, Social and Governance (ESG) rules.Launching Kontan.co.id previous note, Boniface is optimistic that coal demand from the Asian market will still be positive despite the shadow of a global economic recession.To support the planned increase in production, GEMS budgeted capital expenditure (capex) of around US$ 25 million for infrastructure and production support facilities. According to the plan, the budget will rely on the company's internal cash.Image source:  PT Golden Energy Mines TbkSource: https://industri.kontan.co.id/news/golden-energy-mines-gems-bidik-pertumbuhan-produksi-batubara-5-pada-2023

Aneka Tambang to send subsidiaries to EV battery industry

12 Jan 2023, 08:00 AM 4494

PT Aneka Tambang Tbk (ANTM) has prepared two of its subsidiaries, PT Sumberdaya Arindo (SDA) and PT Nusa Karya Arindo (NKA), to work on the project of the upstreaming development of the electric vehicle (EV) battery ecosystem.Syarif Faisal Alkadrie, Corporate Secretary of ANTM, claimed that both subsidiaries have adequate nickel reserves to support business in the EV sector. However, these subsidiaries are still currently initiating partnerships with other investors.“As of now, we are currently negotiating with two strategic partners, PT Ningbo Contemporary Brunp Lygend Co. Ltd. (CBL) and LG Energy Solution (LGES),” Alkadrie explained, as quoted from Investor Daily.The negotiation is now entering the phase of principle discussion. As ANTM is representing Indonesia’s state-owned enterprise, it chooses to exercise caution in this negotiation phase. “This finalisation will include the determination of the roles of SDA and NKA in the upstreaming business,” Alkadrie further added.The management of ANTM expects this deal with CBL to be closed by the first half of 2023. Meanwhile, the development of the new mining area for EV battery project is estimated to commence later this year. (KR/ZH)Image source: KR/ZHSource: https://www.idnfinancials.com/news/45631/aneka-tambang-send-subsidiaries-ev-battery-industry

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