PT VALE Indonesia Tbk's smelter in East Luwu Regency is capable of producing approximately 240 tons of nickel per day.The smelter owned by PT Vale Indonesia Tbk in Sorowako, East Luwu Regency, South Sulawesi, Friday PT VALE Indonesia Tbk's smelter in East Luwu Regency is capable of producing approximately 240 tons of nickel per day and is currently working on three large smelter projects in three locations, namely Sorowako, Bahodopi and Pomalaa.The total investment reached around IDR 134.3 trillion.Image source: PT Vale IndonesiaSource: https://finance.detik.com/foto-bisnis/d-6848236/pabrik-di-sulsel-ini-mampu-produksi-240-ton-nikel-per-hari

Downstreaming continues to be rolled out by President Jokowi . Because it has a positive impact on the economy.In fact, President Jokowi said nickel downstream in Central Sulawesi ( Central Sulawesi ) had succeeded in recruiting tens of thousands of workers ."In Central Sulawesi , before downstreaming , only 1,800 workers were involved in nickel processing . After downstreaming , there are 71,500 workers who can work because of downstream nickel in Central Sulawesi ," President Jokowi said as quoted from Setkab's website.This was conveyed by President Jokowi inaugurating the Board of Directors of the National Leadership Council (DPN) of the Indonesian Employers' Association (Apindo) for the 2023-2028 term on Monday 31 July 2023.He emphasized that downstream industry is an important step for Indonesia to become a developed country in 2045."If we can do that, then downstream is successful for all minerals, plantations, agriculture, fisheries, everything can be downstreamed. If the World Bank, McKinsey, IMF, OECD calculate it from 2040 to 2045, I'm sure this can be somewhat advanced," he said.In addition, downstream also makes a major contribution to state revenues. In the past, from 2014 to 2015, according to President Jokowi , the government generated approximately IDR 31 trillion from exports of raw materials."After downstreaming , it becomes IDR 510 trillion. Back again, from USD2.1 billion it jumped to USD33.8 billion. So how many times did you jump? This is just a few derivatives, "he continued.In addition, President Jokowi said downstream also had a positive impact on regional economic growth. This will then affect national economic growth."In North Maluku (regional economic growth) previously averaged 5.7 percent, after downstream it was 23 percent. If all provinces have growth like that, ladies and gentlemen, can you imagine the aggregate of all of them will be how much our national economic growth will be," he added.Furthermore, President Jokowi emphasized that this downstream program does not stop at the mineral industry only.But also in other sectors. For this reason, the President invited entrepreneurs to participate in supporting the downstream program .“We have to start, Apindo has to start thinking that way. All products that are still shipped raw must start (shipped semi-finished goods or finished goods). Banks also have to think about financing downstream in the fields I mentioned earlier," he said. Image source: SANGALUSource: https://www.sangalu.com/ekonomi/839665353/presiden-jokowi-sebut-hilirisasi-nikel-di-sulteng-berhasil-pekerjakan-71500-orang

PT United Tractors Tbk (UNTR), a company engaged in the distribution of heavy equipment and mining contractors, managed to record an 8% increase in net profit to IDR 11.2 trillion in the first half of 2023, compared to the previous year which reached IDR 10.4 trillion. According to Ellen May, Founder and CEO of Emtrade, simultaneously with an increase in net profit, UNTR recorded a net income of IDR 68.7 trillion, an increase of 14% from the same period the previous year which amounted to IDR 60.4 trillion. "Technically, United Tractor's revenue rose 14% to IDR 68.7 trillion. Then the net profit has increased by 8% on an annual basis and on a quarterly basis it has increased by 10%,” explained Ellen, quoted from her Youtube channel on Tuesday (1/8/2023).Ellen said that UNTR's performance was boosted because the income of each segment increased. Each segment contributes differently to the total consolidated net income. Mining contractors, construction machinery, coal mining, gold mining, construction industry and energy contributed 35%, 30%, 29%, 5%, 1% and less than 1% respectively to the total consolidated net income."The construction machinery business segment recorded an increase in sales starting from Komatsu heavy equipment by 9% to 3,145 units compared to last year's 2,873 units," he explained.In total, the net income of the UNTR construction machinery business segment increased 16% to IDR 20.3 trillion. Pama's revenue as a mining contractor reached Rp 24.3 trillion, up 22% from Rp 20 trillion."Revenue for each segment has also increased from heavy equipment by 16%, mining contractors have increased by 22% , it's expensive. So, this is an expensive competitor," he explained.Meanwhile, the coal mining business segment operated by PT Tuah Turangga Agung (TTA) until June 2023 managed to record total coal sales of 6.4 million tons, including 1.3 million tons of metallurgical coal. This figure represents an increase of 11% compared to the first half of 2022."Revenue of the coal mining business segment increased by 8% to IDR 20.1 trillion from IDR 18.7 trillion in the same period in 2022," he added.Furthermore, PT Agincourt Resources (PTAR) in the Martabe gold mine segment in North Sumatra recorded total gold equivalent sales of 110,000 ounces until June 2023. This figure shows a decrease of 24% compared to the same period in 2022 which reached 144,000 ounces."The gold segment fell by 24%, so it was just 110,000 ounces," he concluded.Image source: UNTRSource: https://wartaekonomi.co.id/read509229/laba-bersih-untr-meningkat-8-jadi-rp112-triliun-pendapatan-tiap-segmen-naik

MIND ID Corporate Communication Pratiwa Dyatmika said that Indonesia has a lot of copper stocks. In fact, based on his records, copper reserves in Indonesia are the largest in Southeast Asia.Initially he talked about the many mineral resources spread across Indonesia from Aceh to Papua. However, these mineral products are only sold in raw form so that a downstream policy emerges."At the end of this year we will only sell this commodity in raw form. Therefore the president created an additional downstream program," he said in Medan Tuesday (8/7/2023).He conveyed this at the "MediaMIND 2023" socialization event, an annual journalistic competition held by BUMN MIND ID mining "holding" in collaboration with Perum LKBN ANTARA.Then he talked about the large amount of copper reserves in Indonesia. Even being the most compared to other countries in Southeast Asia."Indonesia has the largest copper reserves in Southeast Asia, in Indonesia we can compare MIND ID with other companies, our gold reserves are the largest, the fourth largest coal reserves in the world, the largest tin reserves in Indonesia. The largest nickel reserves in Indonesia," he explained."We can see the contribution to exports of aluminum, PT Inalum plays an important role in 100% of Indonesia's aluminum exports from Inalum," he continued.VP Smelter Government Relations and External Communication of PT INALUM Fajri Ramadhan said the theme of MediaMIND 2023 is "Giving Added Value to Indonesia". He wants the second journalism competition held by MIND ID to provide added value, not only to journalists but also to MIND ID and the community."So it has contributed not only to individual journalists and media, but also to INALUM, MIND ID and the people of North Sumatra and Indonesia," he said.The MediaMIND 2023 series with the theme "Giving Added Value to Indonesia" begins with the collection of journalistic works for the period 24 July-14 September 2023.During this period, socialization was carried out in five cities, namely Medan, Kendari, Surabaya, Palembang and Jakarta.There are four categories of works that are contested, namely "hard news" writing, "feature" writing, news video works and photo works.All journalistic products submitted by participants must fulfill the following four sub-themes.Industry, related to MIND ID group technology and innovation and MIND ID strategic projects.Commodities, related to MIND ID group production and downstream.Economy and business, related to financial performance, the contribution of the MIND ID group to the national economy, the contribution of the MIND ID group to the regional economy.ESG (Environmental Social Governance), related to "sustainability" and environmental social responsibility (TJSL).The total prize for MIND ID winners is more than IDR 300 million.Image source: SpecialSource: https://www.detik.com/sumut/bisnis/d-6853553/mind-id-klaim-indonesia-punya-cadangan-tembaga-terbesar-di-asia-tenggara

Mitra Murni Perkasa (MMP), a subsidiary of MMS Group Indonesia (MMSGI) which is developing a nickel matte smelter project in East Kalimantan, has signed a cooperation agreement with China ENFI Engineering Corporation (China ENFI). The event was attended by all MMSGI-MMP management, a number of China ENFI delegates from Beijing and also representatives from Bank Negara Indonesia (BNI).The collaboration with China ENFI which started 15 months ago has gone through a feasibility study process. Careful, precise and wise planning is carried out to ensure that the MMP nickel smelter construction project can be implemented on a strong technical foundation. The construction of this project is targeted to be completed in the 4th quarter of 2024 and start operating in the 2nd quarter of 2025.The MMP matte nickel smelter is planned to have a production capacity of 27,000 tons per year with a nickel content of more than 70%. The construction of this matte nickel smelter is intended to support the increasing demand for nickel as a raw material for making EV batteries used in electric powered vehicles (BEV). This is in line with global efforts to reduce carbon emissions.“This signing is a historic moment for MMP and China ENFI. We support the government's program to build a matte nickel smelter that has a low carbon footprint and is entirely a Domestic Investment (PMDN). The construction of this matte nickel smelter is the beginning of MMSGI's collaboration with China ENFI, in which the next MMSGI business development is open in line with China ENFI's technical expertise." said Adhi Dharma Mustopo, President Director of MMP quoted by INDUSTRY.co.id, Monday (24/7/2023).“This collaboration has important meaning for our side. China ENFI believes the MMP matte nickel smelter will be a successful pilot project in Indonesia and provide broad benefits to all parties. What's more, this MMP project is close to IKN, the new center of government.”, said Liu Cheng, Chairman of the Board of China ENFI.The MMP and China ENFI collaboration aims to ensure the construction of a strong and competitive nickel matte smelter. With the increasing popularity of electric vehicles and demand for nickel matte as a raw material for electric vehicle batteries, the MMP project is expected to have a positive impact nationally and support the battery industry program in Indonesia. Not only that, MMP's matte nickel smelter is one proof of MMSGI's commitment to ESG.Image source: ENFISource: https://www.industry.co.id/read/123711/mms-group-indonesia-tunjuk-china-enfi-sebagai-kontraktor-proyek-smelter-nikel-mitra-murni-perkasa-di-kalimantan-timur

Mitra Murni Perkasa (MMP), a subsidiary of MMS Group Indonesia (MMSGI) which is developing a nickel matte smelter project in East Kalimantan, has signed a cooperation agreement with China ENFI Engineering Corporation (China ENFI). The event was attended by all MMSGIMMP management, a number of Chinese ENFI delegates from Beijing and also representatives from Bank Negara Indonesia (BNI). The collaboration with China ENFI, which began 15 months ago, has gone through a feasibility study process to ensure that the MMP nickel smelter construction project can be implemented on a strong technical foundation. The construction of this project is targeted to be completed in the 4th quarter of 2024 and start operating in the 2nd quarter of 2025.The MMP matte nickel smelter is planned to have a production capacity of 27 thousand tons per year with a nickel content of more than 70 percent. The construction of this matte nickel smelter is intended to support the increasing demand for nickel as a raw material for making EV batteries used in electric powered vehicles (BEV). This is in line with global efforts to reduce carbon emissions.MMP President Director Adhi Dharma Mustopo said this signing was a historic moment for MMP and China ENFI."We support the government's program to build a matte nickel smelter which has a low carbon footprint and is entirely Domestic Investment (PMDN)," he said in a written statement, Tuesday, July 25, 2023.The construction of this matte nickel smelter is the beginning of MMSGI's collaboration with China ENFI, and opens the next MMSGI business development in harmony with China ENFI's technical expertise.“This cooperation has important meaning for our side. China ENFI believes the MMP matte nickel smelter will be a successful pilot project in Indonesia and provide broad benefits to all parties. What's more, the MMP project is close to IKN, the new center of government," said China ENFI Chairman of the Board Liu Cheng. The collaboration betweenMMP and China ENFI aims to ensure the development of a strong and competitive nickel matte smelter. With the increasing popularity of electric vehicles and demand for matte nickel as raw material for electric vehicle batteries, the MMP project is expected to have a positive impact nationally and support the battery industry program in Indonesia.Not only that, MMP's matte nickel smelter is one of the proofs of MMSGI's commitment to implementing ESG (Environment, Social, Governance) based business.Image source: MISource: https://www.medcom.id/ekonomi/bisnis/akWXzX0K-perusahaan-ri-tiongkok-kolaborasi-proyek-smelter-nikel-di-kaltim

Main Director of PT Trimegah Bangun Persada Tbk Roy Arman Arfandy revealed the reasons for the company to invest heavily in Indonesia. One of the NCKL mega projects, namely two integrated smelters on Obi Island, is currently under construction."The togetherness and wealth of Indonesia that attracted us is because it is simple and pure in Indonesia. The nickel industry is a good opportunity for nickel, so we are doing this (investment)," said Roy, at CNBC Indonesia's "Nickel Conference 2023" in Jakarta, Tuesday (25/07/2023).With plans to downstream mining and electric vehicle ecosystems, Indonesian nickel is now the prima donna. As is known, nickel is the main raw material in the manufacture of electric vehicle batteries. The nickel smelter, which is being built by a subsidiary of the Narita Group, is said to be the largest in Indonesia."In 2022 we made many breakthroughs. So we are doing this more to support government policies," he said.Roy added that nickel is the main component needed by the world. For this reason, the presence of a nickel industry ecosystem can support the industry in the future.Despite the intensive investment, he emphasized that NCKL still pays attention to the sustainability of the mining concession area and its surroundings. He also mentioned that the company is the main contributor to the presence of mines on Obi Island and is the largest nickel producer on the island.Image source: CNBC Indonesia/Faisal RahmanSource: https://www.cnbcindonesia.com/market/20230725131917-17-457112/nckl-ungkap-alasan-investasi-smelter-besar-besaran

China’s Zhejiang Huayou Cobalt said on Tuesday it will invest in a $200 million nickel sulfate project in Indonesia, expanding its production of the key battery raw material.Huayou subsidiary Huayao International Investment will build the 50,000 metric ton project in a joint venture with Singapore-based Strive Investment Capital and Lindo Investment PTE, according to the Chinese company.One of the world’s top battery material makers, Huayou has been expanding its capacity in ternary precursors and cathode materials both at home and overseas, said Susan Zou, a Shanghai-based vice president at Rystad Energy.“This is a strategic move to expand into the upstream supply chain for its product,” she said.The joint venture will be called Huaxiang Refining Indonesia, according to the company.Huayou also said on Tuesday that its mining unit Huayou International Mining plans to buy a 50.15% stake in privately owned Perlux Limited for $200.4 million.The deal will give Huayou ownership of two ferro-nickel production lines in Indonesia with annual output of 24,000 metric tons nickel content, it said.Huayou, a leading producer of nickel and cobalt, is also stepping up investment in lithium and commissioned a $300 million lithium plant in Zimbabwe earlier this month.Image source: Huayou CobaltSource: https://www.mining.com/web/huayou-cobalt-boosts-nickel-capacity-in-indonesia/

Indonesia is finalising a new set of incentives to attract investment from manufacturers of electric vehicles (EVs), a senior minister said on Tuesday, adding the government is still in talks with major companies like Tesla and BYD.Speaking at a nickel industry conference hosted by CNBC Indonesia, Coordinating Minister of Maritime Affairs and Natural Resources Luhut Pandjaitan said the incentives will be benchmarked against those offered by regional rivals Thailand and Vietnam, but did not provide details.Indonesia, the largest economy in Southeast Asia, has been trying to attract EV makers to invest in the country, enticing them with its rich nickel reserves - the world's biggest - which can be processed into EV batteries.However, some automakers like China's BYD have instead chosen to invest in Thailand, the region's automotive hub."Tomorrow we are going to finalise incentives that we are going to give to any EV investment in Indonesia," Luhut said, adding they were awaiting President Joko Widodo's approval.Hear from two of the key players in Web3 fintech and green finance on what makes Hong Kong tick...Luhut said he will meet BYD executives in China's city of Chengdu on Thursday, and a meeting is also scheduled on August 3 with Tesla's chief executive Elon Musk in California, United States.Indonesia has been wooing Tesla for years, hoping to host an Asian production hub for the American EV maker. Tesla has been in talks with Indian officials for an investment in an EV factory there.Image source: REUTERS/Willy Kurniawan/File PhotoSource: https://www.reuters.com/business/autos-transportation/indonesia-plans-incentives-ev-makers-sets-up-meeting-with-byd-tesla-2023-07-25/

Freeport-McMoRan Inc. (FCX) said that the construction progress of the PT Freeport Indonesia (PTFI) copper smelter project in Gresik, East Java has reached 75%. The largest copper project in the world is targeted for completion in 2024.Quoting the Freeport-McMoran (FCX) Performance and Operations Report for the second quarter of 2023, this copper smelter project continues to experience significant progress. As for the implementation of the project which has reached 75%, construction is targeted for completion in mid-2024."Construction is approximately 75% complete, with an estimated completion of construction in mid-2024 at an estimated cost of US$ 3.0 billion," quoted from the company's report, Wednesday (26/7/2023).The smelter, which is predicted to be the largest single-line smelter in the world, is claimed to be able to absorb as much as 1.7 million tons of copper concentrate per year. Later, the copper cathode product produced could reach 600 thousand tons per year.In addition to producing copper cathode products, this smelter will produce by-products including products contained in anode sludge, namely pure gold and silver as much as 6 thousand tons per year.Other by-products include 1.5 million tons of sulfuric acid per year, 1.3 million tons of copper slag and 150 thousand tons of gypsum per year.The absorption of labor in the new smelter is 150 thousand workers, of which 98% are Indonesian workers including 50% local workers.Meanwhile, for other projects such as PT Smelting's expansion, it is targeted to be completed by the end of this year. The costs incurred by PTFI to finance this project are around US$ 250 million, with the loan to be converted into equity and increasing PT-FI's ownership in PT Smelting to become majority ownership.Furthermore, the Precious Metal Refinery (PMR) project to process gold and silver from the Manyar Smelter and PT Smelting is currently in the construction stage. The US$ 525 million project is also targeted for completion in 2024.Image source: CNBC Indonesia/Verda Nano SetiawanSource: https://www.cnbcindonesia.com/news/20230726084839-4-457340/top-pabrik-tembaga-terbesar-dunia-di-gresik-capai-75