Vale’s Pomalaa HPAL Nickel Smelter Project Completed, Commissioning Set to Begin

Vale’s Pomalaa HPAL Nickel Smelter Project Completed, Commissioning Set to Begin

14 Aug 2026, 15:34 PM
Tin Production Rises 75%, TINS Profit Surges 805% in H1 2026
Tin Production Rises 75%, TINS Profit Surges 805% in H1 2026
12 Aug 2026, 15:37 PM
DEWA Reveals GMR IPO Plans and Exploration Progress at Aceh Gold and Copper Mine
DEWA Reveals GMR IPO Plans and Exploration Progress at Aceh...
11 Aug 2026, 15:59 PM
Sumbawa Timur Mining’s Onto Project Could Rival Freeport Indonesia Grasberg
Sumbawa Timur Mining’s Onto Project Could Rival Freeport Ind...
14 Aug 2026, 16:02 PM
PTRO Secures IDR 9.3 Trillion Coal Mining Contract
PTRO Secures IDR 9.3 Trillion Coal Mining Contract
12 Aug 2026, 15:45 PM
Adaro Focuses on Aluminum Project
Adaro Focuses on Aluminum Project
18 Apr 2022, 09:19 PM 6395

PT Adaro Energy Indonesia Tbk (ADRO) wants to immediately realize and develop the aluminum business . "Our Adaro Aluminum will be realized as soon as possible. We hope to start this year," said President Director of PT Adaro Energy Indonesia Tbk (ADRO), Garibaldi Thohir or who is familiarly called Boy Thohir in a virtual meeting, Monday (18/4/2022) .Adaro Energy Indonesia will focus on the execution of the project and hopes it will be realized in 2024. Boy Thohir stated that the aluminum business will be the company's focus going forward. "Then in 2023 we will focus on how we can execute the project well and we hope that in 2024 it will be realized," he said.However, he admits that he has to prove to the market that he is able to carry out his project well. "As is known, the name of the project, we honestly have to prove to the market that Adaro can execute this project well," he said.Boy Thohir is optimistic about the steps taken by the company to develop the aluminum business. The company is trying to execute the aluminum project, according to Boy, as a motivation if it is on the right track. "But to be honest, this is also our motivation at Adaro that the path we are going to take is the right way. I am very optimistic," he said.Boy gave an example, one of the aluminum business prospects saw the Lucid brand that uses aluminum. "It turns out that the high-end battery car is made of aluminum . Lucid is a new brand in America, all aluminum," he said.Source: https://www.liputan6.com/saham/read/4942079/adaro-fokus-garap-proyek-aluminium

DEWA paid off USD 23.80 million debts to Highrank Investment Limited
DEWA paid off USD 23.80 million debts to Highrank Investment Limited
18 Apr 2022, 12:50 PM 5704

PT Darma Henwa Tbk (DEWA), a coal mining company, has paid off its debts worth USD 23.80 million to Highrank Investment Limites (HIL). The said debt was settled gradually after the South Jakarta District Court denies the Settlement Agreement request on September 21, 2021.“By the moment this information disclosure is put out, DEWA’s remaining debts to Highrank have been paid off,” Muhammad Baskoro, Chief Legal and Corporate Secretary of Darma Henwa, mentioned in the information disclosure quoted Monday (18/4).According to Baskoro, the instalment scheme in the debt settlement was the result of discussion between DEWA and HIL on December 31, 2021, as the South Jakarta District Court refused the request for debt conversion to company stock on December 29, 2021. “The copy of the South Jakarta District Court ruling only arrived last week (14/4), self-collected to the South Jakarta District Court,” he confirmed.DEWA’s debts to HIL emerged during the potential assets development project, which are due July 1, 2020. The management once proposed a Series B private placement arrangement to cover the said debts to its shareholders on November 6, 2020.Source: https://www.idnfinancials.com/news/42831/dewa-paid-debts-highrank-investment-limited

New Coal Sector Non Tax Revenue Regulation Has the Potential to Boost State Revenue
New Coal Sector Non Tax Revenue Regulation Has the Potential to Boost State Revenue
18 Apr 2022, 09:12 AM 5739

The presence of Government Regulation Number 15 of 2022 concerning Treatment of Taxes and/or Non-Tax State Revenue (PNBP) in the Coal Mining Business Sector is considered to have the potential to encourage state revenue.Energy and Mining Law observer at Tarumanegara University, Ahmad Redi, revealed that the presence of this regulation and the condition of coal commodity prices have the potential to boost state revenue. "Our revenue projection can be above 25% or even 28% of the mineral and coal PNBP projection," said Redi to Kontan, Monday (18/4).Redi continued, given the current high price of coal and the massive demand for coal, it is unlikely that the price will suddenly drop significantly. Redi added that the amount of tariffs imposed for IUPK as a continuation of the PKP2B was quite fair.According to him, this amount can provide an increase in state revenues. Meanwhile, business actors are protected when coal prices decline or are in low conditions.Kontan noted, referring to Minerba One Data Indonesia (MODI) data, the realization of PNBP in 2021 reached Rp 75.48 trillion. This number is the highest in the last decade. This PNBP sourced from deadrent of Rp. 0.59 trillion, Royalty Income of Rp. 43.74 trillion, Sales of Mining Products of Rp. 30.62 trillion and other income of Rp. 0.54 trillion. For this year, the government targets PNBP Minerba to reach Rp 42.37 trillion, of which the realization has now reached Rp 26.16 trillion, equivalent to 61.74% of the target.Source: https://industri.kontan.co.id/news/regulasi-pnbp-baru-sektor-batubara-berpotensi-dongkrak-penerimaan-negara

Indonesia aims to set up coal levy agency by June
Indonesia aims to set up coal levy agency by June
18 Apr 2022, 08:45 AM 5509

Indonesia’s government aims to establish a “special entity” by June to help secure coal supplies for the state power utility company and collect levies, energy minister Arifin Tasrif told parliament on Wednesday. Following a coal supply crunch at the start of the year that was blamed on miners’ poor compliance with a domestic sales requirement, a senior cabinet minister had proposed forming an agency to collect levies and using that revenue to help the utility PLN pay for its coal needs at market prices.Since then, however, the government and a parliamentary committee have agreed that PLN will continue to buy coal at a maximum price of $70 per tonne. “There are a number of schemes and programs being discussed, but the main point is several big miners will be assigned to supply the coal (to PLN) and the price gap would be paid by the levy,” Arifin told parliament members on Wednesday.Indonesia requires coal miners to sell 25% of their output to the domestic market at capped prices to help the government control energy prices at home. However, miners’ compliance with that rule deteriorated after global coal prices surged and they preferred to export their supplies instead. Indonesia banned coal exports in January and set stricter rules for the domestic sales requirement. Arifin told parliament on Wednesday the size of levies imposed on coal miners would depend on the size of their operations and other specifications, while other details on implementation were still being discussed.Source: https://www.mining.com/web/indonesia-aims-to-set-up-coal-levy-agency-by-june/

Boost Coal Production, Harum Energy (HRUM) Maximizes Production Capacity
Boost Coal Production, Harum Energy (HRUM) Maximizes Production Capacity
17 Apr 2022, 12:14 PM 6988

PT Harum Energy Tbk (HRUM) believes that energy consumption from coal will still be high this year. Taking advantage of this momentum, HRUM's management will hoist coal production and maximize its production capacity and infrastructure.This year, Harum Energy aims to grow coal production by 35% compared to 2021, which is around 3.5 million tons.Harum Energy's President Director, Ray Antonio Gunara, said that his party is working to achieve the target of increasing production while still trying to control coal mining operations and production efficiency.  "Harum Energy will use the existing fleet of heavy equipment and barges because the company still has adequate production capacity and infrastructure," said Ray, Sunday (17/4).Ray sees the demand for coal commodities in the global market is still showing a strengthening trend since the beginning of this year. The current tight supply of coal is in the midst of high consumption levels. According to him, currently the world's coal industry is influenced by two factors. First , the impact of the Russo-Ukrainian conflict, namely sanctions against Russia that have the potential to disrupt coal supply in the European market so that coal prices tend to remain high in the near term.In addition, secondly , the effect of the lockdown situation due to the recent increase in COVID-19 infections in China is expected not to have too significant an effect on coal exports from Indonesia, because energy consumption in this market is still relatively high. To support the business agenda this year, HRUM has prepared a higher capital expenditure compared to last year. In 2022 the capex prepared by HRUM is US$ 25 million, while last year the capex was only US$ 16.1 million.Ray added, HRUM has budgeted around US$ 25 million for the allocation of capital expenditure in 2022 which includes the addition of coal mining properties, purchase of vehicles, purchase of heavy equipment and maintenance of tugboats and barges, and construction of infrastructure and production facilities in nickel mining areas.He explained that part of the capex budget had been realized in accordance with the allocation set by HRUM management earlier this year. Namely, the construction of infrastructure and production facilities in the nickel mining area, the addition of coal mining properties, the purchase of vehicles, the purchase of heavy equipment and the maintenance of tugboats and barges. Source: https://industri.kontan.co.id/news/genjot-produksi-batubara-harum-energy-hrum-maksimalkan-kapasitas-produksi

Boost Coal Production, Harum Energy (HRUM) Maximizes Production Capacity
Boost Coal Production, Harum Energy (HRUM) Maximizes Production Capacity
17 Apr 2022, 12:14 PM 0

PT Harum Energy Tbk (HRUM) believes that energy consumption from coal will still be high this year. Taking advantage of this momentum, HRUM's management will hoist coal production and maximize its production capacity and infrastructure.This year, Harum Energy aims to grow coal production by 35% compared to 2021, which is around 3.5 million tons.Harum Energy's President Director, Ray Antonio Gunara, said that his party is working to achieve the target of increasing production while still trying to control coal mining operations and production efficiency.  "Harum Energy will use the existing fleet of heavy equipment and barges because the company still has adequate production capacity and infrastructure," said Ray, Sunday (17/4).Ray sees the demand for coal commodities in the global market is still showing a strengthening trend since the beginning of this year. The current tight supply of coal is in the midst of high consumption levels. According to him, currently the world's coal industry is influenced by two factors. First , the impact of the Russo-Ukrainian conflict, namely sanctions against Russia that have the potential to disrupt coal supply in the European market so that coal prices tend to remain high in the near term.In addition, secondly , the effect of the lockdown situation due to the recent increase in COVID-19 infections in China is expected not to have too significant an effect on coal exports from Indonesia, because energy consumption in this market is still relatively high. To support the business agenda this year, HRUM has prepared a higher capital expenditure compared to last year. In 2022 the capex prepared by HRUM is US$ 25 million, while last year the capex was only US$ 16.1 million.Ray added, HRUM has budgeted around US$ 25 million for the allocation of capital expenditure in 2022 which includes the addition of coal mining properties, purchase of vehicles, purchase of heavy equipment and maintenance of tugboats and barges, and construction of infrastructure and production facilities in nickel mining areas.He explained that part of the capex budget had been realized in accordance with the allocation set by HRUM management earlier this year. Namely, the construction of infrastructure and production facilities in the nickel mining area, the addition of coal mining properties, the purchase of vehicles, the purchase of heavy equipment and the maintenance of tugboats and barges. Source: https://industri.kontan.co.id/news/genjot-produksi-batubara-harum-energy-hrum-maksimalkan-kapasitas-produksi

Exporters Say Domestic Nickel Processing Loses Competitiveness in the European Union
Exporters Say Domestic Nickel Processing Loses Competitiveness in the European Union
16 Apr 2022, 11:42 AM 5297

The Executive Director of the Indonesian Mining Association (IMA) Daily Executive Djoko Widajatno said that the opportunity for domestic business players to export nickel processed products to the European Union is still relatively small. Djoko reasoned that the geographical distance and the behavior of European Union buyers who are more inclined to products from Latin America have made the competitiveness of domestic industries low for the blue continent market.“The distance to Europe makes Nickel products unable to compete with smelters that process scrap around Europe, to market to Europe there are many obstacles in licensing. Europe is more interested in nickel from Latin America because they help the Hispanic race, there are elements of fellow Europeans," Djoko said via WhatsApp message, Saturday (16/4/2022).The export market for a number of countries is relatively wide open after the European Union and the United States restricted imports of oil and gas and other products from Russia earlier this year. The western bloc's trade maneuvers were carried out to cripple Russia from the economic side after the invasion launched into Ukraine since February 2022.Apart from Russia, the European Union and other western bloc countries also restrict imports from Belarus. Thus, a number of Indonesia's leading commodities such as coal, CPO, nickel processing to iron and steel could have the opportunity to fill the market void in these western countries. " Nickel products from Belarus also still come out through rats so that they reach Europe, this is difficult to predict, just as gas supplies to Europe are still passing through unknown canals," he said.Nevertheless, he said, the opportunity to export nickel processed products to the European Union could still be increased amid the geopolitical momentum this year. It's just that exporters must obtain an easy entry permit into the European Union."Currently, nickel products from smelters are already tied to investors in China, so 70 percent of the products are under contract," he said. As previously reported, the European Union agreed to ban coal imports from Russia after reports of Russian atrocities in Ukraine prompted regional officials to expand a fifth round of sanctions.The sanctions package, which also includes a ban on most Russian trucks and ships from entering EU territory, was signed by the bloc's diplomats Thursday and announced by France. The European Union (EU) has refrained from hitting Russia's energy sector in previous rounds of sanctions after Germany and Hungary blocked the move because of their dependence on Russian fossil fuels.Source: https://ekonomi.bisnis.com/read/20220416/12/1523404/eksportir-sebut-olahan-nikel-domestik-kalah-saing-di-uni-eropa

Tesla supplier CATL’s global expansion gathers pace with US$6 billion Indonesia battery project
Tesla supplier CATL’s global expansion gathers pace with US$6 billion Indonesia battery project
15 Apr 2022, 01:02 PM 7758

Tesla supplier Contemporary Amperex Technology (CATL) plans to invest nearly US$6 billion in a battery project in Indonesia, taking another step in expanding its global footprint and positioning itself to meet increasing demand for electric vehicles (EV).CATL, the world’s largest manufacturer of EV batteries, said in a filing to the Shenzhen Stock Exchange on Friday that its subsidiary Ningbo Contemporary Brunp Lygend (CBL) will partner with two Indonesian companies, Aneka Tambang and Industri Baterai Indonesia, to build an integrated EV battery project in the Southeast Asian nation’s northern Maluku province.The project will include nickel mining and processing, EV battery manufacturing and battery recycling. Construction is expected to start this year and finish by 2026, according to CATL’s announcement. “The Indonesia project is an important milestone for CATL as we expand our global footprint, and it will become an emblem of the everlasting friendship between China and Indonesia,” Robin Zeng Yuqun, founder and chairman of CATL, said in a separate statement.The project is expected to ensure supply of upstream key resources and raw materials for CATL’s battery production, allowing the company to meet growing demand for EVs and EV batteries because of the rapid transition to green transport to fight climate change.CATL has been ramping up its overseas expansion to ensure its production capacity can meet demand. The company’s German plant, its first offshore plant, is expected to start production by the end of this year. In 2020, it also announced another lithium-ion battery plant in Indonesia, which is expected to start production in 2024.Carmakers sold 6.5 million EVs worldwide in 2021, an increase of 109 per cent from a year earlier, according to research firm Canalys. Global EV sales could reach nearly 15 million in 2025 and over 25 million in 2030, representing 15 per cent of overall sales by the end of the decade, according to the International Energy Agency (IEA).However, better-than-expected global demand for EVs and spiralling commodity prices have also fuelled an increase in the prices of EV battery materials since last year. CATL’s global expansion plans have taken the world’s largest electric-car battery maker to Germany and  Indonesia. Tesla supplier Contemporary Amperex Technology (CATL) plans to invest nearly US$6 billion in a battery project in Indonesia, taking another step in expanding its global footprint and positioning itself to meet increasing demand for electric vehicles (EV).CATL, the world’s largest manufacturer of EV batteries, said in a filing to the Shenzhen Stock Exchange on Friday that its subsidiary Ningbo Contemporary Brunp Lygend (CBL) will partner with two Indonesian companies, Aneka Tambang and Industri Baterai Indonesia, to build an integrated EV battery project in the Southeast Asian nation’s northern Maluku province.The project will include nickel mining and processing, EV battery manufacturing and battery recycling. Construction is expected to start this year and finish by 2026, according to CATL’s announcement. “The Indonesia project is an important milestone for CATL as we expand our global footprint, and it will become an emblem of the everlasting friendship between China and Indonesia,” Robin Zeng Yuqun, founder and chairman of CATL, said in a separate statement.The project is expected to ensure supply of upstream key resources and raw materials for CATL’s battery production, allowing the company to meet growing demand for EVs and EV batteries because of the rapid transition to green transport to fight climate change.CATL has been ramping up its overseas expansion to ensure its production capacity can meet demand. The company’s German plant, its first offshore plant, is expected to start production by the end of this year. In 2020, it also announced another lithium-ion battery plant in Indonesia, which is expected to start production in 2024.Carmakers sold 6.5 million EVs worldwide in 2021, an increase of 109 per cent from a year earlier, according to research firm Canalys. Global EV sales could reach nearly 15 million in 2025 and over 25 million in 2030, representing 15 per cent of overall sales by the end of the decade, according to the International Energy Agency (IEA).However, better-than-expected global demand for EVs and spiralling commodity prices have also fuelled an increase in the prices of EV battery materials since last year. Can CALB, Tianqi Lithium recharge Hong Kong’s appetite for IPOs? Prices of nickel, lithium and graphite have spiked sharply mainly because of the long development cycles for mining and processing, the ongoing Covid-19 pandemic and the Russia-Ukraine war that broke out in February.Source: https://www.scmp.com/business/companies/article/3174368/tesla-supplier-catls-global-expansion-gathers-pace-us6-billion?module=perpetual_scroll_0&pgtype=article&campaign=3174368

Archi Indonesia (ARCI) 2022 is Affected by a Natural Disaster in One of the Mining Pits
Archi Indonesia (ARCI) 2022 is Affected by a Natural Disaster in One of the Mining Pits
13 Apr 2022, 03:07 PM 7805

Earlier this year, on January 2, 2022, a natural disaster occurred which affected one of the pits belonging to a subsidiary of PT Archi Indonesia Tbk ( ARCI ), PT Tambang Tondano Nusajaya. ARCI management said that one of the natural disasters caused damage to the working walls of the mine. With the occurrence of this disaster, Corporate Secretary of PT Archi Indonesia Tbk Harry Margatan said after the natural disaster that affected one of the Company's pits, management had adjusted the capital expenditure requirement. "However, some of the capital expenditure allocated for exploration will continue to be carried out with a focus on the East (Eastern Corridor) and West (Western Corridor) areas," he explained as quoted by Kontan.co.id, Wednesday (13/4). Not only having an impact on capital expenditure, based on the situation related to the natural disaster, ARCI management estimates that gold production in 2022 will be affected by around 25% compared to production in 2021, and further on financial performance.   Unfortunately, until now Harry has not been able to reveal exactly how much the final capex figure and financial performance will be this year. Nevertheless, ARCI management has prepared a strategy to continue to face this year. Archi Indonesia plans to focus on full optimization of mining activities in the new Toka, Kopra and Alaskar pits. Then, ensure that the pits affected by the disaster are able to operate again according to schedule. Not only that, ARCI will also continue to implement strategic measures for cost efficiency, especially the costs of mining and processing activities. And ensure the continuity of exploration activities in the West Corridor area as well as the identification of other Brownfield and Greenfield targets aimed at increasing Mineral Resources and Ore Reserves; ARCI will also pursue the refining business as part of the Company's vision to become an integrated gold mining company. Regarding developments regarding ARCI's export activities this year, until March 2022 Archi Indonesia has realized capital expenditures for exploration activities of US$ 1.31 million or equivalent to Rp 18.8 billion. Launching the exploration report submitted by ARCI management on April 11, 2022, the exploration activities carried out by Archi Indonesia through its subsidiaries PT Meares Soputan Mining and PT Tambang Tondano Nusajaya focused on mapping activities in greenfield areas and soil sampling programs and semi-detail to detailed mapping of the area. brownfield in the western corridor . In addition, his party also carries out Exploration drilling and development of Gold Resources ( Resource Definition ) at the Wesco Project and Exploration drilling in the southern part of the Marawuwung Prospect.  The cost of exploration activities issued by ARCI in January-March 2022 is US$ 1.31 million. In detail, the exploration cost in January 2022 was US$ 479,910 or equivalent to Rp 6.9 billion, in February it was US$ 419,773 (Rp 6 billion), and March was US$ 411,920 (Rp 5.9 billion). As of March 2022, the total drill points and drilling depths that have been realized by ARCI are around 11 points and 2,882.9 meters, respectively. Source: https://industri.kontan.co.id/news/archi-indonesia-arci-2022-terdampak-bencana-alam-di-salah-satu-pit-tambang

Merdeka Copper Gold (MDKA) Disburses US$ 25 million for Subsidiaries
Merdeka Copper Gold (MDKA) Disburses US$ 25 million for Subsidiaries
13 Apr 2022, 11:24 AM 6608

PT Merdeka Copper Gold Tbk (MDKA) disbursed funds for its subsidiary, PT Andalan Bersama Investama (ABI), amounting to US$ 25 million. The funds are in the form of a debt agreement from the parent company and will be used for expansion purposes.In a written statement, MDKA's management explained that the company and ABI had signed a loan agreement for the provision of these funds. The funds will be used by ABI for working capital, operational and other purposes as needed. "This transaction is included in the affiliate transaction because ABI is a company controlled by the company," explained management, in an official statement on the Indonesia Stock Exchange (IDX), Wednesday (13/4).As for the first quarter of 2022, Merdeka Copper Gold has disbursed Rp 149.2 billion for the exploration of the Tujuh Bukit, Wetar and Pani mining areas until the first quarter of 2022.The exploration of the Tujuh Bukit area is focused on power and gold resources. Most of the exploration costs were spent on this project, which was IDR 144.4 billion which consisted of tunnel maintenance, underground resource definition drilling, and test work related to the area.The testing method used is drilling starting from underground and surface. This test was carried out by Merdeka Copper and PT Merdeka Mining Service. The area selected for the current drilling operation is in the Tujuh Bukit porphyry deposit which is the largest area containing high grade copper and gold.Drilling was carried out in which 6 underground rigs carried out resource definition drilling with a total drilling depth of 10,105.7 meters and 2 surface rigs were completed with a total depth of 10,105.7 meters.Then, the second project is located on Wetar Island, West Maluku. In this project, MDKA disbursed funds of Rp. 31.7 billion. The test method used is by mapping and creating a trajectory to continue the surface geophysical EM survey from the results of regional EM air targets.Followed by inline drilling and resource extension and metallurgy in Partolang and Partolang Barat, initial drilling in the Partolang Bridge area to identify resources and targets in the Lerokis area determined by EM targets and prior rock sampling.The third project is located in the Pani Project, Gorontalo, West Sulawesi. MDKA is currently preparing a drilling program and constructing drill bearings and laying water pipes. Subsequently, the datasets from the PETS IUP and GSM Contract of Work were combined and a revised and simplified geological code system was developed for drill core logging.Stock ProspectPT Merdeka Copper Gold Tbk (MDKA) changed its business direction to become a diversified mineral mining company. This action will balance the company's exposure from nickel, gold and copper mining.Meanwhile, the increase in nickel and coal prices causes MDKA's cash cost to increase to US$ 14,400 in 2022. The company will acquire J&P Indonesia to work on nickel mining.“With the desire to acquire a nickel mine, MDKA will transform into a diversified mineral miner. This is a positive sentiment, especially since nickel prices have increased significantly," wrote BRI analyst Danareksa Sekuritas Hasan Barakwan. Source: https://investor.id/market-and-corporate/290533/merdeka-copper-gold-mdka-kucurkan-dana-untuk-anak-usaha-us-25-juta

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