PTBA Boosts Coal Transport Capacity; Infrastructure Reaches 81%
PTBA Boosts Coal Transport Capacity; Infrastructure Reaches 81%
16 Feb 2026, 08:50 AM 1083

PT Bukit Asam Tbk (PTBA) continues to strengthen its coal transport capacity. This move aligns with the company's consistency in supporting the national energy security agenda by providing reliable and sustainable coal supplies.Currently, PTBA has a coal production capacity of 43 million tons per year and targets an increase to 100 million tons per year within the next three to four years.The majority of this production is prioritized for domestic needs, with approximately 52 percent of production dedicated to meeting domestic electricity requirements. Moving forward, domestic coal demand is expected to continue rising in line with the growth in electricity needs, manufacturing industry expansion, and the development of downstream projects within the country.To ensure the smooth flow of these supplies, Bukit Asam is currently working on the construction of a Coal Handling Facility (CHF) and Train Loading Station (TLS) 6–7 on the Tanjung Enim–Kramasan transport route. This facility will add up to 20 million tons per year in transport capacity.As of January 31, 2026, the construction progress of CHF and TLS 6–7 has reached 80.81 percent. To ensure the project's completion, PTBA has secured financing facilities totaling IDR 3.56 trillion from three state-owned banks (HIMBARA).Tedy Badrujaman, Director of Downstream Strategy and Mineral Ecosystem at MIND ID, stated that energy sovereignty is a strategic necessity for Indonesia as a country with vast energy resources. As one of the managers of national coal reserves, MIND ID remains committed to supporting the government in achieving energy security."This project is a vital foundation for national energy security, and we will oversee its completion according to plan," Tedy said in an official statement on Monday (Feb 16, 2026).Tedy added that through the strategic pillar of logistics optimization, PTBA will continue to be encouraged to prioritize the increase of transport capacity."We hope that through this project, PTBA's coal transport capacity can increase, enabling the company to further strengthen its contribution to maintaining national energy security," he concluded.

PT Dizamatra Powerindo Builds 120m Coal Flyover in Gelumbang
PT Dizamatra Powerindo Builds 120m Coal Flyover in Gelumbang
13 Feb 2026, 08:46 AM 752

PT Dizamatra Powerindo officially began the construction of a flyover located in Talang Taling Village, Gelumbang District, Muara Enim Regency, marked by a groundbreaking ceremony on Thursday (Feb 12, 2026).This construction is part of an ongoing effort to strengthen the separation of coal logistics vehicle flows from public roads in the Muara Enim Regency.The event was attended by the Regent of Muara Enim, H. Edison, S.H., M.Hum.; representatives of the South Sumatra Provincial Government, led by Assistant I of the Regional Secretariat, Dr. Apriyadi, M.Si.; and the Director of PT Dizamatra Powerindo, Rasyad Pandhega Shora Djan."We express our appreciation for the encouragement from the Governor of South Sumatra and PT Dizamatra's commitment to supporting the development of this dedicated coal road," the Regent stated.According to the Regent, the flyover will be 120 meters long and will span across the Palembang–Prabumulih highway, connecting the hauling road from Serdang Station to the Patra Tani Port.With the existence of this flyover, coal transport will no longer pass through public roads, ensuring that the community remains comfortable while using the highway."This is a concrete step to reduce the burden on public roads while simultaneously smoothing transportation connectivity in Muara Enim," he concluded.He expressed his hope that the flyover construction by PT Dizamatra would serve as an example for other mining companies in Muara Enim Regency. The effort to provide top-tier facilities, such as hauling roads and flyover crossings, demonstrates the company's commitment to supporting local government policies.Assistant I of the South Sumatra Provincial Government, Dr. Apriyadi, emphasized that this policy aligns with the Governor's instructions that coal transport should no longer traverse public roads, including at crossing points.Meanwhile, PT Dizamatra Director Rasyad stated that the flyover construction is a manifestation of the company's commitment to supporting government policies while demonstrating care for the community.

DEWA Nears Gold Production Phase
DEWA Nears Gold Production Phase
13 Feb 2026, 08:29 AM 1317

PT Darma Henwa Tbk (DEWA) has revealed its expansion plans into the gold business, involving a capital expenditure (Capex) of IDR 450 billion. This move is expected to provide additional momentum for DEWA's stock performance following the volatility surrounding the MSCI announcement.According to research from Henan Putihrai Sekuritas (HPS), exploration at the Gayo gold mine remains on track through the fourth quarter of 2025, alongside asset revaluation. The second phase of exploration is targeted for completion by the first half of 2026, covering an area of 30,000 meters."This will be followed by the final exploration phase covering 50,000 meters, after management declares the JORC reserves. The gold processing facility is targeted for completion in 2028," HPS noted on Friday (Feb 13, 2026).On the operational side, as of September 2025, the company recorded a 2.8% increase in revenue to IDR 4.7 trillion. Net profit skyrocketed from IDR 9.5 billion to IDR 239 billion, representing 73% of HPS's full-year projection.HPS noted that DEWA's equity adjustments have been approved, ensuring that retained earnings now reflect fundamental performance. This also opens up funding opportunities for DEWA, which recently secured a syndicated loan of IDR 5 trillion from Bank Mandiri and BCA.Operationally, the company has secured a contract extension from Arutmin. This is expected to bolster net profit and reaffirms Arutmin's confidence in DEWA's capabilities.HPS maintains a Buy recommendation for DEWA shares with a target price of IDR 750, compared to the price of IDR 610 at the time of writing. DEWA shares are currently trading at a PER of 65x, a premium compared to the mining contractor sector average of 34x and its one-year average of 54.8x.

UNTR Completes Acquisition of PSAB’s Doup Gold Mine
UNTR Completes Acquisition of PSAB’s Doup Gold Mine
12 Feb 2026, 08:31 AM 1382

PT J Resources Asia Pasifik Tbk (PSAB) and PT United Tractors Tbk (UNTR) have finalized the acquisition of the Doup gold mine, previously owned by PT Arafura Surya Alam (ASA).The gold mine was taken over by UNTR’s subsidiary, PT Danusa Tambang Nusantara, from PT J Resources Nusantara (JRN)—a subsidiary of PSAB—for a value of USD 540 million, or approximately IDR 8.85 trillion (based on the JISDOR exchange rate of IDR 16,391 per USD)."We hereby announce that JRN completed the sale of all shares to PT Danusa Tambang Nusantara on February 11, 2026," PSAB management stated in a public disclosure on Thursday (Feb 12, 2026).As a result, UNTR, through its subsidiary, officially controls the Doup gold mine with a 99.99% stake in Arafura Surya Alam, equivalent to 2,331,139 shares.PSAB management explained that the divestment of ASA shares was carried out because the Doup Project in Kotabunan, North Sulawesi, is still in the construction phase and requires significant investment costs for completion.Furthermore, PSAB is currently managing a substantial amount of debt. Given the high investment requirements and the company’s current loan conditions, the sale of ASA shares became a strategic choice.The company emphasized that the proceeds from the transaction will be used to strengthen liquidity, reduce the debt burden, and support working capital and the development of other gold mining assets owned by the company."With this transaction, the company will focus on developing its other gold mining assets, while remaining open to any new business opportunities," management added.

PT Borneo Indobara Launches Electrified Equipment for Green Mining
PT Borneo Indobara Launches Electrified Equipment for Green Mining
11 Feb 2026, 08:39 AM 674

PT Borneo Indobara (BIB) officially marked a new chapter in the national mining industry’s energy transformation through the "Ceremonial Electrification and Green Mining Realization" event held at the Kusan Office. This moment serves as a strategic milestone in the company’s journey to accelerate energy efficiency, reduce carbon emissions, and implement integrated sustainable mining practices.The inauguration, which coincided with BIB's 20th anniversary, was attended by hundreds of guests from various regions in Indonesia, industry partners, and international representatives from China. Several strategic stakeholders were present, including PLN’s Director of Retail and Commerce, Adi Priyanto; the Ministry of Energy and Mineral Resources’ Chief Mine Inspector, Ahmad Syauki (virtually); representatives from BMKG (Meteorology, Climatology, and Geophysics Agency); as well as contractors and supporting business partners.Riadi Simka Pinem, Chairman of the Organizing Committee and BIB’s Head of Mining Engineering, emphasized that the electrification of mining equipment is part of the company's long-term transformation to support national energy security and independence.“From February 7–8, 2026, we showcased more than 150 units of electric and hybrid-based mining equipment. Today marks the beginning of massive electrification implementation across all of BIB’s operational lines,” he stated.Chief Operating Officer (COO) of BIB, Raden Utoro, noted that this initiative is currently one of the largest mining equipment electrification programs in Indonesia. The company targets 25 percent of its fleet to switch to electric power by 2026, increasing to 75 percent by 2028, and reaching Net Zero Emission targets in the 2028–2029 period.“This transformation is not just a technical step; it is a corporate strategy to ensure business sustainability amidst global demands for a low-carbon industry,” Utoro asserted.To support this transition, BIB is strengthening its electrical infrastructure through strategic collaboration with PLN. Currently, a power supply of 40 MVA has been integrated into the operational chain, projected to increase to 200–240 MVA by 2028 as the use of electric fleets expands. Supply reliability is a crucial factor in maintaining the continuity of cable- and battery-based equipment operations.PLN's Director of Retail and Commerce, Adi Priyanto, assessed that the transformation toward electric vehicle (EV) mining trucks is a concrete manifestation of the national energy transition as well as a rational and visionary business decision.“The transformation toward EV mining trucks is not just a symbol of change, but a strategic step that is efficient and long-term oriented,” he said.Bonifasius, CEO of PT Golden Energy Mines Tbk—the parent company of BIB—affirmed that electrification is a tangible response to global challenges toward a low-carbon economy. “Electrification is an essential foundation to ensure the sustainability of the mining industry in the future,” he said.BIB's move aligns with the directives of the President of the Republic of Indonesia to reduce dependence on fuel oil (BBM) imports, which cost hundreds of trillions of rupiah annually. The electrification of mining equipment is seen as a strategic solution to reduce national fuel consumption while simultaneously increasing the cost efficiency of industrial operations.In addition to fleet electrification, BIB also introduced supporting technological innovations, including drone-based weather modification in collaboration with BMKG to control rainfall patterns in operational areas. Budi Harsono, BMKG’s Director of Weather Modification Operations, stated that BIB has the potential to become the first coal mining company to implement systematic and integrated weather modification operations.Another innovation is the implementation of Weigh in Motion (WIM) technology, which allows trucks to be weighed precisely without having to stop, thereby increasing time efficiency and operational productivity.This transformation has also received tangible support from working partners. PT Anugrah Energi Kalimantan, one of BIB's contractors, revealed that approximately 20 percent of its fleet has already switched to electric power, showing significant efficiency in the long run.Beyond technical and environmental impacts, this initiative has stimulated the local economy. A total of 26 MSMEs from 22 villages surrounding the mine were involved in providing catering for over 2,000 guests during the event series, as part of the company’s commitment to community empowerment.Through this program, BIB reaffirms its vision of Sustainable Green Mining – Illuminating the World, while strengthening its position as a pioneer of sustainable mining in Indonesia that is adaptive to global challenges and the future energy transition agenda.

Adhi Kartiko (NICE) Secures Rp100 Billion Loan from Bank UOB Indonesia
Adhi Kartiko (NICE) Secures Rp100 Billion Loan from Bank UOB Indonesia
09 Feb 2026, 03:08 AM 742

PT Adhi Kartiko Pratama Tbk (NICE) has once again secured additional funding to support its business operations. The company obtained a loan facility worth IDR 100 billion from PT Bank UOB Indonesia to strengthen liquidity and fulfill working capital requirements.Director of Adhi Kartiko, Yeon Ho Choi, explained that the credit agreement was signed with Bank UOB on February 4, 2026. This loan facility carries an interest rate of COF (Cost of Funds) plus 1 percent per annum, with a term of 12 months from the date of the agreement signing."The credit facility will be used as a financing option for working capital," he stated.Management emphasized that this direct bank loan does not require an independent appraiser or approval from a General Meeting of Shareholders, in accordance with the provisions of POJK 17/2020. Based on internal review, the credit facility does not have a material impact on the company's financial condition."This material transaction is not an affiliated transaction as defined in the Financial Services Authority Regulation Number 42/POJK.4/2020 regarding affiliated transactions and conflict of interest transactions," Yeon Ho Choi concluded.Previously, on January 7, 2026, the company also secured a loan facility of IDR 100 billion from PT Bank SMBC Indonesia Tbk (BTPN), which was similarly allocated for working capital needs.For information, PT Adhi Kartiko Pratama Tbk was established in 2008 and operates in the nickel mining sector through the exploration of laterite nickel. The company's mining area is located in Lameruru Village, North Konawe Regency, Southeast Sulawesi, strategically positioned near the coast and easily accessible from Kendari City

PT Anugrah Energi Kalimantan Supports Mine Electrification for Green Energy Transition
PT Anugrah Energi Kalimantan Supports Mine Electrification for Green Energy Transition
09 Feb 2026, 03:02 AM 842

PT Anugrah Energi Kalimantan has demonstrated its commitment to supporting the electrification program for PT Borneo Indobara's (BIB) mining equipment as part of the transition toward green energy.This step aligns with the government’s green energy development program, which focuses on shifting from fossil fuels to New and Renewable Energy (EBT) to achieve the 2060 Net Zero Emission (NZE) target.The President Director of PT Anugrah Energi Kalimantan, Gusti Teguh Juang, stated that supporting mine electrification is a form of company contribution toward national policies in the energy and mining sectors."The electrification of this mining equipment is in line with the government's policy direction to encourage the use of clean and environmentally friendly energy," he remarked during the Ceremony Of Electrification and Green Mining Realization in Angsana, Monday (Feb 9, 2026).Meanwhile, Ismail, the Operational Person in Charge (PJO) of PT Anugrah Energi Kalimantan, explained that the implementation of electrification began in late 2024. The initial phase started with the operation of electric-based coal haul trucks and continues to progress today.“We began using electric coal haul trucks at the end of 2024. Currently, nearly all of our mining equipment and support tools are electric or hybrid-based,” Ismail explained.He added that the use of electric-based mining equipment has not caused significant operational issues. Furthermore, this step is considered capable of significantly reducing the company's operational costs.“So far, operations have run smoothly without major obstacles and have actually provided cost efficiencies,” he added.Ismail further emphasized that the acceleration of electrification is also heavily determined by the availability of an adequate power grid.To this end, BIB and PLN are currently preparing the electrical infrastructure to support the continuity of the program.With this move, PT Anugrah Energi Kalimantan hopes to be an active part of the mining industry players in realizing sustainable and environmentally friendly mining practices.

MEJA Accelerates Coal Production Target to 1.5 Million Tons
MEJA Accelerates Coal Production Target to 1.5 Million Tons
09 Feb 2026, 02:43 AM 833

Harta Djaya Karya (MEJA) is set to ramp up coal production to 1.5 million tons in 2026. The target will be achieved through the company’s subsidiary, Trimata Coal Perkasa (TCP), which has appointed Mitra Abadi Mahakam as the contractor to carry out coal mining operations.According to TCP's 2026 Work Plan and Budget (RKAB), this production target has been approved by the Ministry of Energy and Mineral Resources (ESDM). As the contractor, Mitra Abadi will perform coal exploitation in Tungkal LIR District, Banyuasin, South Sumatra.TCP has also secured a standby buyer for the produced coal, namely Agro Energy Trading Pte Ltd. “We estimate that TCP will earn a pre-tax profit of USD 7-10 per ton from these mining and sales activities. We predict TCP's enterprise value to be approximately IDR 2.49 trillion,” stated Noprian Fadli, Director of Triple Berkah Bersama, the controlling shareholder of Harta Djaya Karya.The TCP coal mine is a large-scale asset in South Sumatra with a concession area of approximately 11,640 hectares. With thick coal seams and economical geological characteristics suitable for open-pit methods, the mine is ideal for long-term operations with high production capacity.Based on PT Trimata Coal Perkasa’s JORC report, estimated mineable coal resources are around 693.7 million tons. This reflects large-scale geological coal potential and supports long-term open-pit mine development. The resource estimate was prepared by the independent consultant Faan Grobelaar & Associates.Previously, on December 22, 2026, MEJA’s controller, Triple Berkah Bersama (Triple B), signed an agreement to acquire a 45 percent stake in TCP. The transaction, valued at IDR 1.6 trillion, is conducted through a share swap mechanism involving TCP and MEJA shares or other methods that do not utilize MEJA’s cash.The implementation of the TCP share acquisition will be carried out in stages. Currently, Triple B and TCP’s controlling shareholders are preparing the necessary requirements for MEJA to hold an Extraordinary General Meeting of Shareholders (EGMS) to approve the capital increase for the acquisition.

Mempawah Smelter Accelerated: Danantara Targets Completion by 2028
Mempawah Smelter Accelerated: Danantara Targets Completion by 2028
07 Feb 2026, 02:40 AM 1423

The bauxite downstreaming initiative towards alumina and aluminum production in Mempawah, West Kalimantan, is entering a new chapter. The Investment Management Agency or BPI Danantara targets all energy infrastructure supporting this strategic project to be completed within the next two years. Electricity is considered the primary key to ensuring smelter operations proceed according to schedule.Danantara’s Chief Operating Officer, Dony Oskaria, emphasized that accelerating the construction of power infrastructure is an urgent priority. Without adequate energy supply, the series of processing plants from bauxite to aluminum will not be able to operate optimally.“We expect this to be completed within two years, so that by 2028, all energy infrastructure is ready to support operations,” Dony stated during the Groundbreaking of Six Phase I Downstreaming Projects at Wisma Danantara, Jakarta, Friday, February 6, 2026.This target is aligned with the major operational plans for downstreaming projects in the region. The new aluminum smelter is scheduled to begin operations in 2028, while the Smelter Grade Alumina Refinery (SGAR) Phase II is targeted to follow in 2029. Total investment for these two massive projects reaches IDR 104.55 trillion.To ensure the project runs efficiently, Danantara has decided on an energy supply scheme deemed most economical. The power supply for the project, which is being handled by PT Indonesia Asahan Aluminium (Inalum) and PT Aneka Tambang Tbk (Antam), will be supplied by PT Bukit Asam Tbk (PTBA).“The electricity needs for this project will eventually be built by PTBA. Since the energy source comes from coal, operational costs can be suppressed so that the resulting products remain competitive,” Dony explained.This decision was made with good reason. Previously, the issue of electricity availability was a serious topic of discussion during a Hearing with Commission VI of the House of Representatives (DPR RI) in September 2025. At that time, concerns were raised regarding whether the energy supply for a project of this scale could be fulfilled on time.Danantara ultimately chose an independent business area scheme (Wilayah Usaha or Wilus), placing the energy management for the smelter area outside the business territory of PT PLN Persero. This scheme is believed to provide greater flexibility in cost control and supply reliability.Dony emphasized that the price of electricity will largely determine the success of the aluminum smelter project. This industry is known to be highly energy-intensive, meaning even a small difference in tariffs can have a significant impact on production costs. “One of the key success factors in an aluminum smelter is the price of electricity. Therefore, we applied for our own Wilus so that energy costs could be more controlled,” he asserted.From a technical requirement standpoint, this project requires a massive amount of electricity. Inalum's Head of Business Development and Strategy Group, Al Jufri, mentioned that the energy demand for the new smelter is estimated to reach 1.2 Gigawatts. The targeted electricity price is also quite tight, ranging from USD 4 to USD 5 cents per kilowatt hour (approximately IDR 674 to IDR 842 per kWh)."The electricity supply must be available by the fourth quarter of 2028. Regarding the energy source, we are not too restrictive. The most important thing is the price. Whoever can provide the best price, that is who we will choose," said Al Jufri.Technical preparations on the ground have also begun to mature. Inalum has prepared approximately 100 hectares of land in the Kijing coastal area as the location for the power plant and supporting facilities. This site was selected based on logistics efficiency considerations, particularly for coal transportation.“We have mapped out an area near the Kijing port of about 100 hectares. Coal transport vessels can berth directly, and the transmission distance to the smelter is only about five kilometers,” Al Jufri continued.On the energy provider side, PT Bukit Asam Tbk confirmed its readiness to support this strategic project. PTBA President Director Arsal Ismail stated the company's commitment to being a vital part of the national downstreaming ecosystem through the provision of reliable and affordable electricity.“PTBA is committed to supporting strategic downstreaming programs through the provision of reliable, efficient, and competitive energy. Providing energy support for integrated alumina–aluminum processing in Mempawah is proof of our seriousness in strengthening the industrial supply chain and national energy security,” Arsal said.The downstreaming project in Mempawah is indeed a backbone of Indonesia's ambition to strengthen industries based on natural resources. By processing bauxite domestically into high-value aluminum, the government hopes that dependence on raw material exports will continue to decrease.However, the entire plan can only run smoothly if the main prerequisite is met: the availability of sufficient and cheap electricity. Therefore, accelerating the construction of energy infrastructure is the most critical task for Danantara and all related parties.If the 2028 target is achieved, Indonesia will enter a new era for the national aluminum industry with a much larger production capacity and a more integrated supply chain. For the government, the success of this project is not merely a business matter, but a strategic step toward strengthening industrial sovereignty and national economic competitiveness.

Indonesia’s Energy Ministry Sees Coal DMO Rising Up to 30%
Indonesia’s Energy Ministry Sees Coal DMO Rising Up to 30%
06 Feb 2026, 03:12 AM 1243

The Ministry of Energy and Mineral Resources (MEMR) estimates that the percentage of the Domestic Market Obligation (DMO) for coal could rise up to 30 percent following the reduction of domestic production quotas."We are calculating it now. The range could potentially be more than 30 percent," stated Vice Minister of MEMR, Yuliot, when met at the Ministry of MEMR in Jakarta on Friday.Yuliot explained that the DMO percentage will certainly increase if the coal production quota is slashed.The Ministry of MEMR estimates that the national coal production quota for 2026 will be in the range of 600 million tons.This figure represents a decrease of 200 million tons compared to the actual coal production in 2025, which reached 800 million tons.The regulation regarding coal DMO is stipulated in the Decree of the Minister of Energy and Mineral Resources Number 399.K/MB.01/MEM.B/2023, which amends Minister of MEMR Decree Number 267.K/MB.01/MEM.B/2022 concerning the Fulfillment of Domestic Coal Needs.The government previously set the DMO coal sales percentage at 25 percent of the actual coal production in the current year.This rule applies to holders of Coal Mining Business Licenses (IUP) for production operations, Special Mining Business Licenses (IUPK) for coal operations, and Coal Mining Contracting Agreements (PKP2B) for the production operation stage.The 25 percent of actual coal production is utilized to fulfill electricity supply needs for public interest and self-interest, as well as raw materials/fuel for industry.Additionally, the government still maintains the coal Domestic Price Obligation (DPO) specifically for PT PLN (Persero) power plants at USD 70 per ton.Furthermore, in accordance with Article 157 of Government Regulation Number 39 of 2025—the Second Amendment to Government Regulation Number 96 of 2021 concerning the Implementation of Mineral and Coal Mining Business Activities—IUP or IUPK holders in the production operation stage are required to meet domestic mineral and/or coal needs and prioritize the needs of State-Owned Enterprises (BUMN) in sectors that control the livelihoods of the general public.Those sectors include electricity, energy supply, fertilizer, and national strategic industries.Paragraph (3) of Article 157 of PP 39/2025 states that the obligation to prioritize such fulfillment must be carried out before conducting overseas sales or exports."Previously, the DMO was around 23-24 percent; therefore, with the decrease in production, the DMO percentage will definitely experience an increase," said Yuliot.

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