PT Adaro Energy Indonesia Tbk (ADRO) continues to develop non-coal business diversification to balance the company's revenue. The company, affiliated with Garibaldi 'Boy' Thohir, is targeting 50% of its total revenue to be contributed by non-coal businesses by 2030.Head of Corporate Communication at Adaro Energy Indonesia (ADRO), Febriati Nadira, said that in the transition to green energy, Adaro remains committed to meeting current energy needs while continuing to prepare for the transition to more sustainable operations."For this reason, we ensure that operational activities can run well by continuing to focus on operational excellence and cost efficiency, so that we can produce healthy margins and cash flow," said Febriati to Kontan, Thursday (4/7).According to Febriati, the prospects for the green energy business in the future are extraordinary, but of course investing in green business requires a lot of time and is a process."The hope is that in 2030, 50% of Adaro's total revenue will be generated by non-thermal coal businesses, in line with our commitment in the NZE statement that we published in 2023," said Febriati.Febriati added, this target will be achieved by increasing business in fields that support the green economic ecosystem in Indonesia, including through building aluminum smelters, expanding the metallurgical coal market, exploring opportunities in various green mineral products, and developing renewable energy businesses.If carried out successfully, continued Febriati, this will enable ADRO to accelerate the business transformation process through long-term environmentally friendly initiatives, one of which is through downstream mineral processing in line with the Indonesian government's plans.Since 2022, Adaro has started carrying out sustainable business development by transforming from 8 pillars to 3 business pillars; Adaro Energy, Adaro Minerals, and Adaro Green. The company has also started implementing non-coal business projects.In 2018, ADRO built a rooftop solar power plant (PLTS) with a capacity of 130 kWp in Kelanis, Central Kalimantan, to serve electricity needs in the Adaro mining area."After being successful in building and operating a 130 kWp rooftop PLTS, we are developing it by adding a capacity of 468 kWp PLTS with a floating system," said Febriati.Apart from that, Adaro also supports the government's downstream initiatives in the green industry by building an aluminum smelter in the largest Indonesian Green Industrial Zone in the world.To date, construction of the aluminum smelter and related infrastructure is progressing as expected and the company targets to complete phase I of 500,000 tons per year in 2025.Next, Pillar Adaro Green through PT Adaro Clean Energy Indonesia signed a memorandum of understanding on the development of renewable energy (EBT) as well as the supply chain of Solar Photovoltaic (PV) and Battery Energy Storage Systems (SPEB) in Indonesia with several PV and battery manufacturers (OEM/Original Equipment). Manufacturer).The Mentarang Main Hydroelectric Power Plant with a capacity of 1375 MW is planned to operate in 2030 and provide green energy for green industrial areas in North Kalimantan."The hydroelectric power plant construction that we are working on is progressing well," said Febriati.Finally, Adaro together with Total Eren, and PJBI, signed an electricity purchase and sale agreement for the Tanah Laut PLTB project with a capacity of 70 MW which is equipped with a 10 MW / 10 MWh battery energy storage system in Tanah Laut, South Kalimantan with PT PLN Persero (PLN) for the sake of supporting the Government's program in achieving the New Renewable Energy (EBT) source mix target in Indonesia. Estimated Commercial Operation Date (COD) of PLTB Tanah Laut in 2025.

PT Aneka Tambang Tbk (ANTM) or Antam believes that the prospects for the gold commodity business will continue to be promising in the future, so the company continues to optimize production from mines operated by the gold mining business unit in West Java to support the achievement of gold sales targets in 2024 it will be 37 tons.PT Aneka Tambang Tbk Corporate Secretary Syarif Faisal Alkadrie said, amidst the current gold price conditions and the safe haven nature of gold, Antam believes that the gold commodity will have a positive impact on the Company's precious metal gold sales performance."We see this as a significant opportunity to explore new markets and strengthen Antam's presence in existing markets," he said to Kontan, Friday (5/7).Antam will take advantage of this opportunity by continuing to develop innovative products that can meet broader consumer needs, including digital services for purchasing gold online.Faisal said that to meet community needs, Antam continues to strive to maintain quality and gold standards through strict quality control and compliance with international standards (LBMA). Antam is committed to providing quality products and services in all aspects by continuing to strive to maintain product availability in the Company's sales channels to meet customer needs.This year, said Faisal, Antam is also refocusing on the domestic market as a target market for precious metal products by expanding gold sales transaction services through various sales channels.

PT Bukit Asam Tbk (PTBA) continues to strengthen efficiency in operations and production. This was done to maintain the positive performance of the member of the MIND ID Mining BUMN Holding.In the first quarter of 2024, the realized stripping ratio was maintained at 6.3x. For comparison, the stripping ratio in the same period in 2023 was 7.1x.The stripping ratio reflects the ratio between the volume of overburden and the volume of coal in the mined area.In addition to maintaining the stripping ratio, the company has also cut the hauling distance of soil and coal, one of which is the use of conveyors.The company continues to optimize the role of its subsidiary engaged in the mining services sector, PT Satria Bahana Sarana (SBS). During January-March 2024, the contribution of PT SBS reached 1.5 million tons or 21 percent of total production. This amount increased by 29 percent on an annual basis."These efficiency efforts create room for increased profitability, and make the company more agile in facing various challenges in the coal mining industry going forward," said PT Bukit Asam Tbk (PTBA) Corporate Secretary Niko Chandra through an official statement, Thursday (27/6).Niko added that the company also has an Eco Mechanized Mining Program, aka replacing mining equipment that uses fossil fuels to electricity.Some of the electricity-based tools that PTBA has used include 7 PC-3000 shovel-type electric excavators, 40 100-ton hybrid (diesel and electric) dump trucks, and 6 electricity-based mining pumps. From this eco mechanized mining program, the company can save the use of diesel fuel oil (BBM) and reduce emissions.Not only that, there is the E-Mining Reporting System program, which is a production reporting system in real time and online so as to minimize conventional monitoring that uses fuel.Thanks to these various efficiency efforts, PTBA's cash cost in the first quarter of 2024 decreased by 10 percent to IDR 867 thousand per ton. In the first quarter of 2023, cash costs reached IDR 965 thousand per ton."The company is focused on implementing sustainable mining practices, in accordance with the company's vision of a world-class energy company that cares about the environment. We are optimistic that we can maintain good performance and be in line with the target until the end of 2024," concluded Nico.

PT Kideco Jaya Agung, a subsidiary of PT Indika Energy Tbk (INDY), has set a capital expenditure (capex) of USD 257.4 million for its coal gasification project.According to Ricky Fernando, Head of Corporate Communications, Kideco has submitted a coal development plan as a condition for extending its PKP2B license to IUPK. PT Kideco Jaya Agung's Coal Development Plan was approved through UCG technology in January 2022.He explained that the value-added product produced is in the form of PLTMG electricity, which is planned to operate in 2029 and has a power of 6 MW.In addition to PLTMG, another product is ammonia urea which is planned to start operating in 2031 with a capacity of 100 thousand tons of ammonia per year or 172 thousand tons of urea per year."The process currently being carried out by Kideco to achieve the UCG realization target in 2029 and 2031 is environmental licensing which is currently still in the preparation stage," Ricky told KONTAN, Monday (24/6).Kontan's records show that the Ministry of Energy and Mineral Resources (ESDM) has approved PT Kideco Jaya Agung's coal downstream project. INDY's subsidiary will have a value-added product (PNT) capacity of 100,000 tons per year for ammonia and 172,000 tons per year for urea.

The Center for Human Resource Development, Geology, Minerals and Coal (PPSDM Geominerba) held Education and Training and Certification of First Operational Supervisor (POP) at PT Saptaindra Sejati Mining Batch III.The First Operational Supervisor Training is one of the efforts of PPSDM Geominerba to help companies holding IUPs prepare mining practitioners at the operator level to have the technical knowledge required by the regulations as operational supervisors.This training is expected to help participants pass the certification exam so that they are declared competent workers to occupy the position of First Operational Supervisor.The number of participants in the Training and Certification of First Operational Supervisor (POP) at PT Saptaindra Sejati Mining Batch III registered to take part in this training was 25 (twenty five) people.Instructors / Teachers who will provide material on the training and certification of the First Operational Supervisor (POP) at PT Saptaindra Sejati Mining Batch III come from PPSDM Geominerba.Training and Certification of First Operational Supervisor (POP) will be held for 5 (five) days, starting on Tuesday, June 25, 2024 until Saturday, June 29, 2024, the training is held at the PPSDM GEOMINERBA Training Building.

BUMN Holding the Indonesian Mining Industry (MIND ID) recorded a net profit of IDR 9.94 trillion in the first quarter of 2024. This figure represents a 59.16 percent year on year (YoY) increase from the same period the previous year, which was IDR 6.25 trillion.Along with the increase in net profit, MIND ID managed to maintain positive performance by recording revenue of IDR 25.29 trillion. MIND ID's total assets also increased by 3.92 percent YoY to IDR 269.36 trillion, and equity increased by 9.59 percent to IDR 142.07 trillion.MIND ID Corporate Secretary Heri Yusuf stated that the positive achievements throughout the first quarter of 2024 were due to the comprehensive business transformation efforts across all business units of the MIND ID Group."In addition to improving end-to-end business governance, the commitment to digitalization and active efficiency efforts continue to be implemented by the MIND ID Group. These achievements serve as a driver to continuously strengthen the commitment to business development for the downstream mining sector in Indonesia as a form of MIND ID's contribution to increasing added value and state revenue," said Heri.Heri explained that in addition to boosting mining operational performance, MIND ID is focused on overseeing several strategic projects throughout this year.Some of these projects include the implementation of the Dragon Project at Aneka Tambang (ANTM), which has entered a joint venture stage with China's largest EV battery company, Contemporary Amperex Technology Co. Limited (CATL).

PT Delta Dunia Makmur Tbk, or Delta Dunia Group (DOID), the parent company of PT Bukit Makmur Mandiri Utama (BUMA), BUMA Australia Pty Ltd (BUMA Australia), PT Bukit Makmur Internasional (BUMA International), PT Bukit Teknologi Digital (BTech), and PT BISA Ruang Nuswantara (BIRU), reported strong operational and financial performance for the first quarter of 2024.In the first quarter of 2024, the Group recorded revenue of USD 426 million or equivalent to IDR 6.9 trillion (assuming an exchange rate of IDR 16,373 per USD), an increase of 4% (YoY). The Group's EBITDA grew by 8% YoY to USD 80 million, driven by increased revenue from strategic expansion and cost control.This increased the EBITDA margin from 20.8% in Q1 2023 to 21.6% in Q1 2024. The Group also successfully maintained prudent financial management, achieving a 9% reduction in operating costs from USD 24 million in Q1 2023 to USD 22 million in Q1 2024.Similarly, operating profit reached USD 16 million, showing an increase of 12% compared to the same period the previous year.Delta Dunia Group Director, Dian Andyasuri, explained that capital expenditure (Capex) increased by 80% YoY to USD 40 million, driven by ramp-up production for ongoing customers as well as capex costs for repair and maintenance.

PT Hillcon Tbk (HILL) is allocating funds amounting to IDR 600 billion for capital expenditure (capex) in 2024. However, the capex budget for this year could be higher in line with the increase in contracts.Director of Hillcon, Jaya Angdika, stated that currently, HILL has two potential projects that will be worked on. However, he is still reluctant to disclose the size of the contracts being targeted."At present, we have two substantial pipelines, so it will exceed Rp 600 billion. But this still depends on the contracts we secure in those pipelines," he explained in a presentation on Wednesday (8/5).For illustration, Hillcon is currently working on the Sebuku Tanjung Coal Group coal mining project in South Kalimantan. Additionally, the nickel mining project of PT Arga Morini Indah in Southeast Sulawesi.This mining and contracting service issuer is also working on the nickel mining project of PT Rohul Energi Indonesia in Southeast Sulawesi and the PT Weda Bay Nickel mine in North Maluku.Operationally, Jaya projects that coal production could increase by 10% and nickel could grow by 15%–20% this year. HILL considers the potential nickel mining market to be still promising and extensive.Hillcon President Director Hersan Qiu added that with the various uses of nickel in various industries and the increasing demand for nickel, the potential for mining remains very significant in the future.He projects that nickel consumption will be quite promising because nickel ore is highly needed as an essential component in the production of stainless steel and electric vehicle batteries."So with the increasing demand for nickel, the projects that Hillcon will handle will continue to grow," said Hersan Qiu.

Minister of Energy and Mineral Resources (ESDM) Arifin Tasrif says the government will seek for new partners and investors after Germany’s BASF and French’s Eramet decided to withdraw from the Sonic Bay project in Weda Bay Industrial Estate, North Maluku.” If they withdraw, we will look for others, there are many others who want to work on the project,” Arifin said on Friday, June 28, 2024.Speaking about the reason for BASF’s withdrawal from the project, Arifin said the German company wanted to use the end products from its own industry.“BASF said that they can secure their own supply need and decided not to invest in Indonesia. Perhaps, they have invested in other place, we do not know the real reason behind,” he added.Germany’s BASF and French’s Eramet, which already have business legality under the name PT Eramet Halmahera Nikel (PT EHN) planned to develop the US$2.6 billion Sonic Bay project in Weda Bay Industrial Estate, North Maluku. The project is the construction of a nickel refining plant with High Pressure Acid Leach (HPAL) technology that produces Mixed Hydroxide Precipitates (MHP).According to the Investment Ministry/Investment Coordinating Board, BASF and Eramet’s decision not to proceed with the investment plan was based on consideration of significant changes in nickel market conditions, especially in the choice of nickel which supplies raw materials for electric vehicle batteries. Thus, BASF decided that there is no longer a need to invest in the supply of electric vehicle battery materials.In a statement to Indonesia Business Post, French mining and smelter company Eramet announced that the company and Germany’s BASF have decided against a joint investment in a nickel-cobalt refining complex in Weda Bay.Eramet will continue to evaluate potential investments in the nickel electric vehicle battery value chain in Indonesia and will keep the market informed in due course.In 2020, Eramet and BASF signed an agreement to assess the potential of jointly developing and constructing a nickel-cobalt refining complex in Weda Bay. After thorough evaluation, including discussions about project execution strategy, both partners have decided against this investment.Geoff Streeton, Eramet’s Group Chief Development Officer, said Indonesia is poised to play a pivotal role in the future of the overall global nickel market. “Eramet remains focused on sustainably optimizing the resource potential of Weda Bay mine to supply ore to local nickel producers, while also further investigating opportunities to participate in the nickel electric vehicle battery value chain in Indonesia,” he said.Cooperation with Geological AgencyDespite its withdrawal from Sonic Bay Project, Arifin said Eramet will continue its cooperation with Geological Agency, a government agency under the Ministry of Energy and Mineral Resources.On May 6, 2024, The Indonesian Geological Agency sealed a collaboration agreement with Eramet Group, a French metallurgical mining company, to conduct a study on critical minerals.Irwandy Arif, Expert Staff to the ESDM Minister for Accelerating Mineral Governance, said that the partnership aims to strengthen the electric vehicle (EV) ecosystem in Indonesia, emphasizing that the ESDM ministry welcomes the opportunity to collaborate with Eramet in Indonesia.The MoU signing ceremony took place in the presence of Bruno Faour, Director of Eramet Indonesia, and Agung Pribadi, Head of the Center for Mineral Resources of Coal and Geothermal (PSDMBP) at the Geological Agency. The event was also attended by Pauline Leduc, Deputy Head of the Economic Department at the French Embassy in Indonesia.

Coordinating Minister for Economic Affairs Airlangga Hartarto together with the Minister of Investment/Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia, accompanied by the President Director of PT Freeport Indonesia (PTFI) Tony Wenas inaugurated the operation of the PTFI smelter in the Java Integrated Industrial and Port Estate Special Economic Zone (KEK) ( JIIPE), Gresik, East Java.“A factory that I call extraordinary. It's extraordinary that within 30 months since the groundbreaking by the President, we were able to finish construction on time. "This is extraordinary," said Airlangga in his speech.He said the construction of the Freeport smelter was part of the Special Mining Business Permit (IUPK) agreement. The construction process is taking place on time, currently starting operations and production in August until reaching full capacity in December 2024."So this (smelter) is very timely because now renewable energy is a trend and is needed "One of the critical minerals is copper," said the Coordinating Minister.He said that with the PTFI smelter, mining activities and the refining process would take place domestically. It is hoped that this will have a positive impact on the economy in the country, where the added value of mining products will be enjoyed domestically.In his speech, Minister of Investment Bahlil Lahadalia expressed his gratitude and happiness with the Freeport smelter which started operating because the construction process faced a number of challenges.“Today I am happy and grateful because this has been a long journey. I know very well that building this smelter is not easy, it was about to be shifted, the dynamics were begging for forgiveness. In 2021, when we decided to build immediately, there was the COVID-19 pandemic. But today we can witnessed this smelter (starting to operate). "This is proof that Freeport management is realizing its commitment to implementing the IUPK requirements," said Bahlil.Minister of Energy and Mineral Resources (ESDM) represented by Acting Director General of Minerals and Coal Bambang Suswantono said the Ministry of Energy and Mineral Resources is monitoring and supervising the construction of the Freeport smelter."With the inauguration of the Freeport smelter operation in Gresik, this marks the start of mineral downstreaming which is the direction of the President (Joko Widodo). "Thank God, Freeport, Gresik Regency, the East Java Provincial Government are supporting us so that the construction of the Freeport smelter is completed on time and this marks the start of mineral downstreaming in our country," said Bambang.PTFI President Director Tony Wenas said that the construction of this new smelter was PT Freeport Indonesia's commitment to support the copper mineral downstream policy launched by the government.He said that in the future copper will be really needed by the world. Other countries are racing in the energy transition, will need huge amounts of copper. "What the President announced in the IUPK to build another new smelter is the right intuition. "World copper demand will continue to increase, accelerating the formation of the electric vehicle ecosystem, accelerating Indonesia's gold," he said.The inauguration of the PTFI smelter operation took place in front of the Sulfuric Acid Tank area. Marked by pressing the siren button, the start of the smelter operation, followed by the signing of the inscription. Also present at this event was Acting Governor of East Java. East Java Provincial Secretary Bobby Soemiarsono, and Gresik Regent Fandi Akhmad Yani.For your information, PTFI's new smelter is capable of refining copper concentrate with a production capacity of 1.7 million tons. Apart from producing copper cathodes, the smelter also produces anode mud which is then refined at the Precious Metal Refinery (PMR) into gold and silver bullion, as well as Platinum Group Metals (PGM).Until the end of May 2024, PTFI's investment in building a copper smelter with the largest single line design in the world has reached 3.67 billion US dollars or around IDR 58 trillion.