PT United Tractors Tbk. (UNTR) announced that it had acquired the Stargate mine for IDR 3.22 trillion.UNTR acquired PT Stargate Pacific Resources (SPR) which is owned by PT Anugerah Surya Pacific Resources (ASPR) and PT Anugerah Surya Investama (ASI). Meanwhile, UNTR acquired Stargate through PT Danusa Tambang Nusantara (DTN), whose shares are controlled by the company.The mining issuer acquired Stargate by carrying out two transactions. First, UNTR acquired 70% of Stargate shares from ASPR for 69.9991% of shares owned and ASI for 0.0009% of shares amounting to IDR 3.18 trillion.Then, UNTR acquired 69% of the shares owned by ASPR in Stargate Mineral Asia (SMA) and 1% of the shares owned by SPR for the takeover of shares in SMA amounting to IDR 41.9 billion.This amount is equivalent to 70% of all issued and fully paid share capital in SMA.Previously, United Tractors Corporate Secretary Sara K. Loebis said that PT Danusa Tambang Nusantara (DTN) signed a share sale and purchase agreement (conditional share sale and purchase agreement t/CSPA) for Anugerah Surya Pacific shares on October 16 2023.DTN bought 33.33% of Anugerah Surya Pacific (ASPR) shares from PT Kalira Pascama (KP), 16.67% shares from PT Bintang Prima Investama (BPI), and 16 shares from PT Anugerah Dayakaya Angkasa (ADA). 67% shares."The aim of this transaction is to add to UNTR's diversified portfolio of business activities as part of a sustainable strategy and continue the broader development of the business group in the nickel sector ," said Sara in an information disclosure, Wednesday (18/10/2023).After signing the entire CSPA, said Sara, both DTN and ASPR, KP, BPI and ADA will fulfill the preliminary conditions (condition precedents ) with the final date for completion falling no later than December 31, 2023 or at another time agreed by DTN and ASPR , KP, BPI and ADA.For your information, UNTR previously established strategic cooperation with ASPR in December 2022. At that time, UNTR acquired the nickel mining company PT Stargate Pacific Resources (SPR) and the nickel processing company (smelter) PT Stargate Mineral Asia (SMA) on December 3 2022, with total transactions of IDR 4.27 trillion.Stargate Pacific Resources is a nickel mining company located in North Konawe, Southeast Sulawesi. SPR is a company resulting from a merger or joint venture between Risjadson Group, Indonesia and Glencore International AG, Switzerland.In April 2017, Anugerah Surya Pacific Resources (ASPR) took 100 percent ownership in Stargate, with the aim of developing the Stargate nickel project from a mining operation only, to processing nickel for ferronickel and new energy nickel battery materials.SPR is the holder of a mining permit on land with an area of ​​around 1,647 hectares (ha).In 2021, ASPR itself is known to be building a ferronickel smelter which produces nickel pig iron and an industrial area in North Konawe ASPIRE Stargate Industrial Park through SMA.Image source: UNTRSource: www.market.bisnis.com/United Tractor (UNTR) Resmi Akuisisi Tambang Nikel Stargate Rp3,22 Triliun

Global-top-10 nickel producer Nickel Industries (NIC) has reaffirmed its commitment to climate action, vowing to achieve a 50% reduction in carbon intensity by 2035 and net zero emissions by 2050.The company made the announcement at the World Climate Action Summit in the United Arab Emirates (UAE) on the weekend, where it was one of only two Indonesian mining operators in attendance.Managing Director Justin Werner said Nickel Industries was proudly taking a leadership role in advancing the sustainability of Indonesia’s nickel industry.“Nickel Industries is committed to reducing its carbon footprint and developing products essential for the global energy transition and the sustainability of our operating environment,’’ Mr Werner said.Since its Initial Public Offering, Nickel Industries has established itself as a globally significant nickel pig iron (NPI) producer and has recently diversified into the ‘Class 1’ nickel electric vehicle (EV) battery supply chain by converting some of its current production into nickel matte and acquiring an interest in the operating Huayue Nickel Cobalt high pressure acid leach (HPAL) project (HNC).“Each incremental unit of HPAL nickel production decreases Nickel Industries’ carbon intensity, plus we have industry best practice tailings storage via dry-stack storage across our HPAL operations,’’ Mr Werner said.“We are implementing the most advanced third-generation HPAL processes with power consumption 70% lower than other HPAL plants and carbon emissions one-tenth of similar pyrometallurgical plants.“These and other measures, including the adoption of renewable power sources across NIC’s operation to further de-carbonise puts us on track to achieve a 50% reduction in carbon intensity by 2035 and net zero emissions by 2050,” Mr Werner said.Nickel Industries’ commitment to a material reduction in greenhouse gas emissions is further evidenced by its 2022 binding agreement with renewable energy company PT Sumber Energi Surya Nusantara (SESNA) to develop, install, operate and maintain a 200MWp + 20MWh battery solar project within the Indonesia Morowali Industrial Park (IMIP) – the largest solar power project in the country. The project will power the NIC’s Hengjaya, Ranger and Oracle Nickel processing operations.  Heat recovery to reduce coal consumption and transitioning to bio fuels for its mining fleet are other measures Nickel Industries has put in place to reduce its carbon footprint.Nickel Industries has earned numerous accolades for environmental responsibility including the Green Proper Rating from the Indonesian Ministry of Environment and Forestry. The Company has rehabilitated around 2000ha in Central Sulawesi, in which more than 2 million trees have been planted since 2019.These efforts will stimulate local economies with projected incomes of USD $535 per hectare which will begin eight years after plantation.“Environmental sustainability is a core part of the Nickel Industries business. The Company is committed to seeking zero harm for the environment and establishing a positive legacy in the regions it operates – from exploration to rehabilitation and closure,’’ Mr Werner said.Image source: NICLSource: ANTARA/Sugiharto Purnama

PT Bukit Asam Tbk (PTBA) will use carbon capture and storage (CCS) technology in steam power plants (PLTU) no later than 2060. This is being done to reduce carbon emissions in Indonesia. Bukit Asam President Director Arsal Ismail said that the use of CCS technology in PLTU will be implemented no later than 2060. Currently, Bukit Asam is carrying out a pilot project related to CCS in PLTU. "The plan is for a long-term program or until 2060, CCS can be implemented in existing coal plants," said Arsal in a Hearing Meeting (RDP) with Commission VII DPR RI, Monday (27/11). Arsal said that the program for using CCS in PLTUs will be implemented at the South Sumatra Mine Mouth PLTU 8, and has been included in long-term business planning. "Currently we have just completed the Sumsel-8 Mine Mouth PLTU in collaboration with China Huadian with a capacity of 2x660 Megawatts, and it was operational last October. "This is the biggest one included as a national strategic project (PSN), and this PLTU will be utilized for CCS use," he said.Before using CCS technology in the PLTU, Bukit Asam tried to reduce emissions in its coal plants by using biomass as a co-firing or coal mixture in the PLTU. Not only that, PTBA will also increase the use of hydrogen in mining equipment. "We are also increasing the portion of the new renewable energy (EBT) mix in mining operations," he said.Business Diversification into the EBT SectorArsal said that PTBA has indeed put together a road map for the energy transition until 2060. One of the strategies is to explore business diversification beyond coal, including the development of new renewable energy (EBT) plants. For this reason, he said that up to this year, Bukit Asam has built six Solar Power Plants (PLTS). The details are, two PLTS are commercial projects in collaboration with Jasa Marga and Angkasa Pura (AP) 2, and four PLTS are social responsibility (CSR) projects. "So we continue to push this, because we are targeting revenue from the energy business of 30% by 2030," he said. Although PTBA encourages efforts to reduce emissions, on the other hand he also asks the government to continue to encourage and strengthen regulations for the sustainability of the coal industry to support national energy security while still paying attention to the Net Zero Emission (NZE) target in 2060.Not only that, he also asked the government to support PTBA's assignment to be able to participate in supporting new and renewable energy (EBT) mix targets, for example the provision of EBT in the National Capital City (IKN) of the archipelago.Image source: KatadataSource: www.msn.com/Bukit Asam akan Gunakan Teknologi Penangkapan Karbon di PLTU

Nickel prices reached their lowest point in over two and a half years on Thursday due to persistent worries about oversupply putting pressure on the market.Three-month nickel on the London Metal Exchange fell 0.9% to USD 16,280 per metric ton, its lowest since April 2021, before rebounding to USD 16,405 as of 08:50 GMT, still a decline of 0.2%.The most-traded December nickel contract on the Shanghai Futures Exchange closed down 3.2% at 127,720 yuan (USD 17,711.58) a ton.The global nickel market had a surplus of 23,900 metric tons in September, up from a surplus of 14,200 tons in the same month of last year, according to the International Nickel Study Group.That compares with a surplus of 15,300 metric tons in August 2023.During the first nine months of 2023, there was a surplus of 155,000 tons versus a surplus of 60,500 tons in the same period of last year, the data showed.Data in thousands of metric tons: Sept. 2023 Sept. 2022 August 2023 YTD 2023 YTD 2022 Mine production 337.6 298.5 337.6 2,732.8 2,368.1 Refined production 290.9 266.3 289.8 2,457.1 2,234.2 Refined usage 267.0 252.1 274.5 2,302.1 2,173.7 Balance 23.9 14.2 15.3 155.0 60.5 Source: ReutersThe global outlook for primary nickel production anticipates a 10.2% increase in 2022, building on the 5.1% growth observed in 2021 and the substantial 17.3% surge in 2022, as mentioned by the International Nickel Study Group director, Francisco Pinto, in a recent article for Stainless Steel World.The surge in output is primarily attributed to Indonesia. Notably, China is poised to expand its production, particularly in nickel sulfate, rebounding from declines in 2020 and 2021.The combined production of nickel pig iron from Indonesia and China surpassed 1.5 million tons in 2022, with expectations of a further 7% increase in 2023.Image source: GlencoreSource: www.mining.com/Nickel price at lowest since 2021 on oversupply concerns

PT Merdeka Copper Gold Tbk (MDKA) conveyed the latest developments on a number of its prestigious projects, one of which is the Pani Gold Project. During January-September 2023, MDKA has completed 60,923 meters of drilling, with the next drilling schedule of 14,000 meters to be carried out during the remainder of this year.Results from recent drill holes demonstrate continuity of mineralization and indicate potential for resource expansion.Currently, MDKA is completing a feasibility study to optimize this gold project and build a heap leach with a capacity of 7 metric tons per year, with gold production expected to start at the end of 2025.The Pani Gold Project in Gorontalo will be one of the largest primary gold mines in Indonesia. With mineral resources of 6.6 million ounces of gold, the Pani Gold Project will be a low-cost, long-lived and sustainable gold mine.MDKA, which owns a 70% stake in the Pani Gold Project, has invested more than US$ 100 million to sustain the project until September 2023.Meanwhile, for the Tujuh Bukit Copper project, MDKA is currently completing optimization studies, including the potential to increase metallurgical recovery, increase underground mining production output, and open pit mining for additional copper ore.Underground drilling continues, with mineral resource updates targeted for completion in the first quarter of 2024.Drilling activities during the first nine months of 2023 have been recorded as deep as 26,290 meters and will continue throughout the remainder of this year with plans for further drilling of 10,375 meters.The Tujuh Bukit Copper Project is one of the largest copper projects in the world which is still in the pre-production phase. MDKA has 100% stake in this project. Image source: KONTAN/Akmalal HamdhiSource: www.investasi.kontan.co.id/MDKA Beberkan Perkembangan Proyek Emas Pani dan Tembaga Tujuh Bukit

PT Aneka Tambang Tbk (ANTM) plans to abandon electricity from coal plants and is looking for alternative energy with lower emissions.  Antam's Director of Business Development, I Dewa Wirantaya, stated that his party has two principles in implementing the energy transition, namely implementing sustainable alternative energy (Renewable Alternative Energy) and energy efficiency so that emissions can be reduced. Several work plans are mapped based on the 2021 baseline which is divided into 4 parts, starting from the current plan (current program), short term plan (2024-2026), medium term (2027-2030), and long term (2031-2060). "In the long term plan, with the entry of PLN in Pomalaa, the PLTU can be stopped and we use other alternatives. "This is what makes the biggest contribution to the long-term energy transition," he explained in a Hearing Meeting (RDP) with Commission VII DPR RI, Monday (27/11). Currently, he continued, most of the electricity supply in Pomalaa uses PLTU. So his party started looking for new renewable energy (EBT) alternatives through collaboration with a number of parties. His party has conducted a study on the implementation of clean coal technology in Tanjung Buli in collaboration with several providers. Apart from that, his party will also utilize biomass for co-firing in several subsidiaries. In its presentation material, in the 2030-2060 plan, ANTM plans to have a Steam Gas Power Plant (PLTGU) equipped with Carbon Capture Storage (CCS) in Feni Haltim (FHT), PT Indonesia Chemical Alumina (ICA), PT Borneo Alumina Indonesia (BAI). Then, the use of new, renewable energy-based electricity in the Kolaka Nickel Mining Business Unit (UBPN), West Kalimantan Bauxite Mining Business Unit (UBPB), and Mempawah. Apart from that, the use of electricity from the PLN-Gas Engine Power Plant (PLTMG) (gas generator) in the UBPN Malut-PLN UBPN Malut-PLN Ferronickel Factory Development Project in East Kalimantan. Biomass is used as a reductant in a number of facilities ranging from smelters, the Haltim ferronickel factory construction project, to nickel business units. Apart from that, there are several other initiatives being undertaken in the long term plan, namely the use of technology in the form of replacing mining equipment with electrical equipment. Using low-emission fuel oil in all business units. His party will also install PLTS Rooftops for all employee housing and mining areas. Not only that, gas is used as energy in process equipment at UPBN Kolaka, P3FH Konut, and FHT. Image source: ANTARA FOTO/JOJONSource: www.investasi.kontan.co.id/Aneka Tambang (ANTM) akan Stop Gunakan Pembangkit Batubara untuk Operasional Bisnis

PT Bukit Asam Tbk (PTBA), a member of the MIND ID Mining BUMN Holding, successfully improved operational performance until the third quarter of 2023.PTBA's total coal production in the first 9 months of 2023 reached 31.9 million tons, growing 15 percent compared to the same period in 2022, namely 27.7 million tons.This increase in production is in line with an increase in coal sales volume by 15 percent to 27.0 million tons. The company continues to increase its export portion measurably without ignoring domestic needs.Until the third quarter of 2023, the company recorded export sales of 11.2 million tons, an increase of 24 percent compared to the same period the previous year. Meanwhile, the realization of Domestic Market Obligations (DMO) was recorded at 51 percent."PTBA continues to optimize operational performance achievements and implement efficiency in all company business processes, in line with targets until the end of 2023," said Director of Finance and Risk Management of PT Bukit Asam Tbk (PTBA), Farida Thamrin.As of Quarter III 2023, PTBA recorded a net profit of IDR 3.8 trillion. In terms of revenue, PTBA posted IDR 27.7 trillion. The company's total assets as of September 30 2023 were IDR 36.0 trillion.Strategic projects continue to run to support the Company's performance. Effective October 7 2023, the Sumsel-8 Mine Mouth Steam Power Plant (PLTU) (2x660 MW) has reached Commercial Operation Date (COD) status, aka operating commercially. This plant applies Supercritical Steam Generator technology which is efficient and environmentally friendly, as well as Flue Gas Desulfurization (FGD) technology to reduce exhaust gas emissions. This FGD technology can reduce sulfur dioxide from exhaust gas emissions from coal-fired power plants. Apart from that, PTBA and PT Kereta Api Indonesia (Persero) or PT KAI agreed on a cooperation framework for developing coal transportation on the Tanjung Enim Baru - Keramasan link on October 12 2023. This is in line with the Company's target to increase railway coal transportation capacity to 52 million tons per year by 2024.Image source: PTBASource: www.ptba.co.id/Pertahankan Kinerja, Bukit Asam (PTBA) Genjot Produksi dan Penjualan Batu Bara

PT Adaro Minerals Indonesia Tbk. (ADMR) plans to open 3 more mines to meet demand from the coking coal market.So far, the company, through its subsidiary companies, has operated two PKP2B concessions, namely through PT Lahai Coal (LC) and PT Maruwai Coal (MC).MC is the only concession that carries out production activities and produces hard coking coal from the Lampunut mine, while LC is currently carrying out mine optimization.Meanwhile, ADMR still has coal production pockets from Juloi Coal, Kalteng Coal and Sumber Barito Coal. Each has coal reserves of 55.5 million tons, 17.7 million tons and 5.8 million tons.Director of Adaro Minerals Indonesia Totok Azhariyanto stated that the company is currently carrying out a detailed study process for 3 mines and further exploration.In this way, Adaro Minerals is able to carry out competent development and production. ADMR, he continued, is currently preparing infrastructure such as hauling, fuel storage and employee accommodation.Meanwhile, Deputy President Director of Adaro Minerals Indonesia Iwan Dewono Budiyono said he would gradually increase production in line with increasing demand from industry."We plan to increase coal production to 6 million tons from the 2 mines that are already producing," he said.However, he did not rule out the possibility of opening a new mine to meet demand.Director of Adaro Minerals Indonesia Hendri Tamrin also sees demand strengthening as the global economy improves."We believe that for metallurgical coal until the middle of this year, many countries will tighten monetary measures. "But by loosening [interest rates and monetary policy] there is potential for economic growth so that markets open," he said.Currently, Japan is still the main consumer with absorption of 33%. Then followed by China 26% and India 20%. The contribution of other countries reached 21%."Currently we will continue to diversify [export destinations], we are focusing on Japan, China and India. "In future economic growth, it is likely that South and Southeast Asian countries will become centers of growth," he concluded.Image source: ADMRSource: www.market.bisnis.com/Permintaan Menguat, Adaro Minerals (ADMR) Bakal Buka 3 Tambang Lagi

The national nickel mining company, PT Ceria Nugraha Indotama, fully supports the Indonesian Government's steps in developing the electric vehicle (EV) ecosystem.As the largest nickel producing country in the world, Indonesia plays a big role in the EV industry.“It is time for Indonesia to focus on the electric vehicle ecosystem. "The need for battery raw materials, especially nickel, will increase, and this will greatly benefit Indonesia's position,""This is because the electric vehicle ecosystem requires more nickel, where Indonesia has laterite nickel content consisting of limonite and saprolite layers," said Ceria Group CEO, Derian Sakmiwata when speaking at the 2023 Electic Vehicle (EV) & Battery Conference, held by Tempo Group, at the Borobudur Hotel Jakarta, on Tuesday, November 21 2023.According to Derian, so far smelters in Indonesia have mostly processed saprolite nickel ore which has a high nickel content. However, to meet the need for nickel as a raw material for batteries, processing limonite nickel ore with the characteristics of low-grade nickel content containing cobalt is also very necessary because it is more economical.“As a country that has the largest nickel deposits in the world, the government and business actors must be able to play a role in this electric car ecosystem. Because if not, a lot of reserves will be wasted," said Derian.As a National Strategic Project (PSN), currently PT Ceria is racing to complete its smelter project in Kolaka Regency, Southeast Sulawesi.The PT Ceria smelter which is being built will use 2 main technologies, Rectangular Rotary Kiln Electric Furnace (RKEF) technology with a capacity of 4×72 MVA, consisting of 4 production lanes to process Nickel Saprolite ore which is targeted for completion in 2024 and High Pressure Acid Leaching (HPAL) technology to process Nickel Limonite ore (lower grade nickel ore) to produce electric vehicle batteries which is targeted for completion in 2026.The total production capacity of the RKEF nickel smelter will be able to produce around 252,000 tons of Ferronickel (FeNi) with a content of 22% Nickel or around 55,600 tons of Nickel in it.Meanwhile, HPAL processing will have a production capacity of 308,000 tons in the form of Mixed Hydroxide Precipitate (MHP), which contains 120,000 tons of nickel metal and more than 12,500 tons of cobalt.All of PT Ceria’s industrial activities apply the principles and rules of Environment, Social and Governance (ESG).“ESG must be implemented by every company, especially for the mining industry like ours. If ESG is not implemented, it will certainly be difficult for the Company’s activities to be sustainable,” said Derian in the discussion.Derian explained that PT Ceria manages Mining Business Permits (IUP) covering an area of ​​6,785 hectares.“Resources and mineral reserves from the Ceria IUP will be allocated and processed in the smelter and refining processing plant that we built ourselves,” said Derian.In developing nickel processing and refining facilities, said Derian, his party must first ensure the availability of reserves to ensure the availability of a sustainable supply of nickel ore.“Actually, our reserves are not very large, but they are enough to supply our factory for 20 years,” he said.Derian explained this strategy considering that PT Ceria developed a smelter based on the characteristics of the resources and laterite nickel ore reserves in the Ceria IUP area.“From 100 percent of the total area of ​​our IUP, almost 50 percent has been explored, we are still exploring the other 50 percent,” said Derian when conveying an estimate of nickel ore resources and reserves from around half the area of ​​the Ceria IUP area.Deputy Chairman of Commission VII Indonesian Parliament, Eddy Soeparno also supports the target of making Indonesia one of the countries producing electric vehicle/EV batteries.However, Eddy hopes that Indonesia will not just be a target market, but will become a producer.“Indonesia should not just be a market, but must be a base for battery production for export,” he said.According to Eddy, it is time for the Government to think about domestic nickel resilience amidst concerns about the availability of nickel reserves in the future.Eddy said that if all nickel smelters were operational (around 60 IUI smelters and 7 IUPK OP smelters were pure) and The government continued to open up new smelter investment space, without being balanced with exploration activities to discover new reserves and good governance, so nickel reserves.“We will run out quickly (between 10-15 years),” he explained.Assuming that if all smelters operate with nickel production of 210 million tons of ore (wmt) per year, then Ni > 1.7% will run out in 2033 and Ni > 1.5% will run out in 2039.For this reason, Eddy urges that the current government needs to implement a moratorium on new investments in the construction of pyrometallurgical smelters with NPI products and Ferronickel (because the nickel content is still very low) and encourages further downstreaming of these products to become stainless steel and its derivatives.“The most appropriate step is of course to accelerate downstreaming. "Therefore, the government must strengthen its industry, including nickel, batteries and electric vehicles," he stressed.Special Staff to the Minister of Energy and Mineral Resources for Coal Governance and Minerals, Irwandy Arif, said that with Indonesia's power to control 22 percent of the world's nickel reserves, Indonesia plays an important role in providing raw materials for the world's nickel supply and demand .For electric vehicles, the Government is targeting 5 million new electric motorbikes and 6 million converted electric motorbikes by 2025. Then in 2023, there will be 13 million new and converted electric motorbikes.As of this October, the number of electric motorbikes has reached 74,988 units and 20,414 electric cars.“Apart from Indonesia, the world is also competing to implement electric vehicles. "This has resulted in the need for batteries increasing," said Irwandy."Indonesia's nickel is 22 percent in the world," said Irwandy when reading his remarks at the conference.Irwandy said the government continues to strive to support the battery and electric vehicle industry in Indonesia. Because of this, the government has anticipated the ecosystem for providing raw materials by classifying critical minerals."The main challenge is how to develop a strategic plan for this critical mineral to support the battery and electric vehicle industry," said Irwandy. (AT Network)Image source: SpecialSource: www.asiatoday.id/Indonesia Dominates World Nickel, PT Ceria Supports EV Ecosystem Development

State-owned nickel and gold mining firm PT Aneka Tambang (Antam) is expected to sign a joint venture agreement with China’s Contemporary Amperex Technology Co. (CATL) to produce raw materials for electric vehicle (EV) batteries in December.The move is part of a larger plan to build an end-to-end domestic supply chain for EV batteries in Indonesia, an effort spearheaded by state-owned PT Indonesia Battery Holding (IBC).The EV battery holding company is also in talks with CATL and South Korea’s LG Energy Solutions, the world’s top-two EV battery makers by market share, to establish other joint ventures to develop the upstream-to-downstream EV battery industry.Antam business development director I Dewa Bagus Wirantaya said the company and CATL planned to sign the joint venture agreement on Dec. 10.With exclusive interviews and in-depth coverage of the region's most pressing business issues, "Prospects" is the go-to source for staying ahead of the curve in Indonesia's rapidly evolving business landscape.The two firms were finalizing the precondition, the divestiture of Antam's nickel ore mining arm PT Sumber Daya Arindo (SDA), as well as several cooperation measures in the upstream and downstream businesses, he explained.“There will be a joint venture signing, there will be a close of the transaction. Afterward, [upstream operations] will begin,” Dewa told reporters in Jakarta on Monday in response to a question about when the joint venture would begin operations.Mining holding company MIND ID, oil and gas giant Pertamina, electricity monopoly PLN and Antam each own 25 percent of IBC. MIND ID president director Hendi Prio Santoso previously estimated that the firm would need US$12 billion to develop an EV battery plant with a capacity of 15 gigawatts until 2027.IBC director Toto Nugroho said the company played a significant role in Indonesia’s net-zero emissions goal by working to set up a 3.5 gigawatt-hour (GWh) energy storage system (ESS) by 2030, which the company plans to accomplish in collaboration with Antam.“So, battery production for ESS and EV could take place in Indonesia by developing Antam’s [downstream business],” he told House of Representatives Commission VII, which oversees energy and mineral resources, in Jakarta on Monday.Dozens of battery-related development projects are ongoing in the country, mainly in nickel-rich Sulawesi and North Maluku, including projects led by CATL and LG Energy Solution.IBC in April last year also signed a framework agreement with Antam, CBL and LG Energy Solution underpinning the firms' plan to create joint ventures in every value chain.Several local companies are building smelters to process nickel ore for battery feedstock.Others are focusing on manufacturing and/or distributing electric two-wheelers and commercial EVs, including buses and trucks, as electric cars remain unaffordable for most Indonesians. Still others are installing charging or battery-swap stations, many collaborating with foreign companies to catch up on technology and for development aid.On April 14, Ningbo Contemporary Brunp Lygend Co (CBL), a CATL subsidiary, signed a framework agreement with Antam and IBC to develop the EV battery ecosystem in Indonesia.The project, located in the FHT Industrial Park, North Maluku, is worth around USD 6 billion and will include nickel mining and processing, EV battery materials and EV battery manufacturing, as well as battery recycling.Image source: AntamSource: www.thejakartapost.com/Antam to sign joint venture deal on EV battery plant in December