President Joko Widodo ( Jokowi ) asked the banking industry not to make things difficult if someone wants to apply for credit to build a smelter. "If someone applies for credit to build a smelter, they are given it. Let alone our own people, don't make it difficult. It's clear, fortunately it's clear, it's clear for the state, it's also clear for the company. What should we ask again?" said Jokowi at the Mandiri Investment event . Forum, at the Fairmont Hotel, Jakarta , Wednesday (1/2).Of course this is in line with the policy of downstream mining products and the prohibition on the export of raw materials. Such as banning the export of nickel ore, bauxite and copper. The government is even planning to ban tin exports. "In the future, we can build this big ecosystem, the nickel is integrated with the copper, integrated with the bauxite, integrated with the tin because these are on different islands, can be integrated and produce what are called EV batteries, lithium batteries, that's it. us, I don't know how many times the added value will appear," explained the Head of State.RI 1 added, if possible, Indonesia would later become the largest producer of electric cars in the world. "I don't know what number the added value that appears is anymore, because it hasn't happened yet. My estimate is in 2027/2028 if we are consistent, so this is an item. Don't be afraid, be consistent, and keep on guarding. He also hopes that in 2045 Indonesia's Gross Domestic Product (GDP) is estimated to be at USD 9 to USD 11 trillion. Then if Indonesia is consistent with income per capita it is at USD 21,000-USD 29,000."If we are consistent, our per capita income is at USD 21,000 to USD 29,000, so we are a developed country. But if we are later sued, we will step back, we will turn, it will be better to export raw materials, forget that we are a developed country," he added Source: https://www.merdeka.com/uang/jokowi-minta-bank-permudah-proses-kredit-bangun-smelter.html

PT Putra Perkasa Abadi ( PPA ) is the first mining service company in Indonesia to implement private network services in collaboration with Telkomsel and is part of the acceleration of smart mining solutions for safer, connected and integrated Indonesian industrial operations. The collaboration was signed by the Director of HCGA & Legal PPA , R. Teguh Saptosubroto and Sales Director of Telkomsel , Adiwinahyu B. Sigit, in a memorandum of understanding ( MoU ) at the Telkomsel Enterprise Solution Day 2023 event in Jakarta, Tuesday.With this, PPA has become part of the digital transformation of the Indonesian mining industry through the use of leading digital solutions that are in line with Telkomsel 's commitment as a digital ecosystem enabler. " PPA is carrying out this initiative in order to be part of accelerating digital transformation in the mining industry sector towards the Indonesian industrial revolution 4.0, this is expected to maximize efficiency and production, besides that it will also increase safety in PPA operations ," explained Teguh Saptosubroto.In this collaboration, PPA applies smart mining from Telkomsel Enterprise which includes the use of private networks , building BTS to ensure private network coverage covers all PPA operational areas , infrastructure as a service (IAAS), and fuel monitoring through connectivity with a high level of reliability and security. tall. This collaboration also allows PPA to have low network latency of under 50 milliseconds to support the ease of automation of every mining activity , operation, and monitoring process in real time, including the implementation of the IoT Intelligent Tank Monitoring System (Intank) for monitoring fuel on each fleet. anytime and anywhere for faster decision making for a better experience in every company activity as well as more efficient cost management.Source: https://www.sinarharapan.co/ekonomi/pr-3857228772/terapkan-private-network-pertambangan-ppa-dan-telkomsel-teken-mou

The AMMAN smelter construction project carried out by PT Amman Mineral Industri (AMIN) contributed the largest investment in NTB in 2022. Investment realization in NTB in 2022 reached IDR 21.606 trillion. This exceeds the national target of the Indonesian Investment Coordinating Board (BKPM) of IDR 18.5 trillion and the target of the Regional Medium Term Development Plan (RPMJD) of IDR 15.4 trillion.Based on the accumulation of Domestic Investment (PMDN) and Foreign Investment (PMA), West Sumbawa Regency (KSB) is in first place with a total realized investment of IDR 14.61 trillion. Followed by Dompu Regency Rp. 3.28 trillion and Mataram City Rp. 1.60 trillion. In a press conference some time ago, the Head of the NTB One-Stop Investment and Integrated Services Service (DPM-PTSP) Mohammad Rum said the investment target charged to the NTB Provincial Government in 2023 was even higher, namely IDR 22 trillion. "Investment from the smelter that AMIN worked on was the biggest contributor to West Sumbawa Regency for investment realization in NTB last year, as well as in 2023.Various efforts will be made to achieve the investment realization target, including providing convenience in permitting investors to invest in NTB. Apart from that, we also provide guidance, supervision, and acceleration of realization for investors, especially national strategic projects, one example of which is the smelter," explained Rum. Regarding the contribution of the smelter, President Director of AMMAN Rachmat Makkasau said this achievement illustrates the company's commitment to supporting economic growth. "This achievement is the result of a joint collaboration where we see enormous support for smelter construction, both from the central and regional governments," he said.Rachmat hopes that support from the government will continue to be given to AMMAN so that the smelter project can continue to run in parallel with operational business activities. So that other big projects that will increase the investment value can be realized. "Apart from supporting the NTB Province in achieving its 2023 investment target, this is also in line with the statement from the Coordinating Minister for the Economy Mr. Airlangga Hartarto last Monday, who will continue to encourage the realization of the National Strategic Project (PSN) by resolving obstacles related to licensing for investment," said Rachmat.Source: https://lombokpost.jawapos.com/ntb/01/02/2023/pembangunan-smelter-amman-sumbang-investasi-terbesar-di-ntb-tahun-2022/

PresidentJokowire-emphasized its importance downstream economy. According to him, economic downstreaming can be carried out successfully if all parties are consistent. "Don't just be happy because of the success in nickel. Yes, nickel is indeed an example. In the past, when we exported raw US$1.1 billion when we were still exporting crude. In 2022, I estimate it will be around US$30-33 billion. Dollars. Imagine from Rp. 17 trillion it jumped to Rp. 450 trillion," Jokowi said while giving a keynote speech at the Mandiri Investment Forum, Fairmont Hotel, Jakarta, Wednesday (1/2).Jokowi also asked all parties to move forward. Because if not, Indonesia will not become a developed country if it is afraid of releasing existing raw materials. "The downstream mining and oil and gas impact project adds 699 billion GDP and open jobs at 8.8 million. This is a big impact. It opens up as many jobs as possible," he said. Currently, continued Jokowi, Indonesia has stopped exportsnickel. The government plans to stop bauxite exports in December."In a moment I want to announce that copper will stop this year because I checked yesterday's Freeport smelter and the smelter in NTB is more than 50 percent, so Freeport is more than 51 percent. Freeport is already the majority of us. Don't imagine that Freeport still belongs to America." We already have the majority," he said.  "Let me just give an example. Indonesia exports the raw material for bauxite, we are number 3 in the world. It is raw that we export. But our aluminum exports are number 33. Raw material is number 3, sis. Semi-finished goods, finished goods at (number) 33," he said again. Jokowi also revealed that Indonesia is number 31 as a solar panel exporting country in the world. In fact, the materials to produce solar panels are in Indonesia."If we do solar panels, the added value is up to 194 times. Why haven't we done it for decades? What have we done wrong?" asked Jokowi. According to Jokowi, Indonesia is too comfortable with raw exports because it gets the money the fastest. Even if Indonesia produces itself, the country's added value can increase up to 194 times. "PRC, China export number 18. But export solar panels number 1 in the world. Where do these goods come from? Where do the raw materials come from? 80 percent more than us," he said.Furthermore, Jokowi asked all parties not to be afraid. He also gave an example of Indonesia's lawsuit regarding nickel at the WTO which ultimately lost. "Get sued, yes, prepare a good lawyer. But we lost. We lost. We don't know if we win or lose the appeal. Don't fade. If it fades, don't expect us to become a developed country," he said.Source: https://kumparan.com/kumparanbisnis/jokowi-ri-jadi-eksportir-bauksit-mentah-nomor-3-di-dunia-1zkYMyat7O5/full

The government has set a target of building 17 mineral processing factories or smelters throughout 2023. The construction of these dozens of smelters is aimed at supporting the mineral mining commodity downstream program which started for the first time through a nickel ore export ban policy in January 2020. Director General of Mineral and Coal at the Ministry of Energy and Mineral Resources, Ridwan Djamaluddin, said that the government is currently still prioritizing the construction of nickel smelters. "We plan to have 17 new smelters in 2023, most of them nickel smelters," said Ridwan in a press conference: 2022 Mineral and Coal Subsector Achievements and 2023 Work Program, Tuesday (31/1). Ridwan guaranteed that the government would strictly supervise the construction of 17 new smelters so they could be built before the turn of the year. In his presentation, he said that five mineral smelters would be built by 2022. This figure was below the initial target of seven smelters.The Ministry of Energy and Mineral Resources is also targeting the construction of 12 bauxite smelters as downstream support facilities which are set to commence in June this year. As of this January, there were only four existing smelters with a total input capacity of 13.88 million tons of bauxite which produced 4.3 million tons of alumina output. The four smelters are owned by PT Indonesia Chemical Alumina, PT Well Harvest Winning Alumina Refinery (WHW), and one WHW expansion smelter unit. Apart from that, domestic bauxite production is also refined by the smelter owned by PT Bintan Alumina Indonesia. "We are increasing the tightening because in 2023 all smelters must be completed. We will continue to tighten supervision of the obligation to build smelters for downstream," said Ridwan.Source: https://katadata.co.id/lonaolavia/berita/63d924f02dd10/pemerintah-incar-pembangunan-17-smelter-mineral-pada-2023

The initial public offering (IPO) of the shares of a subsidiary of PT Merdeka Copper Gold Tbk (MDKA), namely PT Merdeka Battery Materials (MBM) is targeted to take place in the first half of 2023. This was conveyed by Investment Director of PT Saratoga Investama Sedaya Tbk Devin Wirawan recently. The issuer codenamed SRTG owns 18.34% or 4.42 billion shares of MDKA as of December 31 2022."For this year, maybe what has been discussed is that later Merdeka (MDKA) will carry out an IPO of one of their subsidiaries , Merdeka Battery Materials. I think the target is still in Q1 or first half ," Devin told reporters. However, he could not provide further information regarding the fundraising target to be achieved through the IPO. In addition to the IPO in the mineral business sector, Saratoga also announced that it is working on a business project in the health sector. "Hopefully we can open in the near future," added Devin.Source: https://www.beritasatu.com/ekonomi/1023149/merdeka-battery-materials-ditargetkan-ipo-kuartal-i2023

The downward trend in coal prices has occurred in recent times. However, business actors are optimistic that the coal industry can still score positive performance this year. Chairman of the Association of Indonesian Energy, Mineral and Coal Suppliers (ASPEBINDO), Anggawira, said that the recent decline in coal prices was influenced by a number of factors, including the weather in Europe and fears of a global economic slowdown.According to him, the weather in Europe is not as cold as the initial prediction or in previous years.  "So (coal) consumption has decreased. That's one factor," said Anggawira to Kontan, Sunday (29/1). Anggawira continued, there were concerns over the global economic slowdown which had an impact on the decline in coal prices. However, this condition is considered not to have a significant impact. Moreover, a number of business actors are generally bound by contracts with relatively high coal prices.On the other hand, China's move to start importing coal from Australia has also had an impact on coal price movements. Anggawira explained, it was necessary to ascertain how large the volume of coal from Australia was sent to China. In addition, this condition is considered not to have much impact, especially for a number of other countries, it is believed that they will not fulfill their supply from Australia given the high cost of cargo.Source: https://industri.kontan.co.id/news/aspebindo-optimistis-bisnis-batubara-bakal-tetap-positif-pada-tahun-ini

Arsari Tambang (AT) recorded sales of refined tin reaching 5,342 tons throughout 2022. Chief Executive Officer (CEO) of Arsari Tambang Aryo Djojohadikusumo said Arsari Tambang oversees a number of companies in the tin mining sector, namely PT Mitra Stania Prima (MSP), PT Mitra Stania Kemingking (MSK), PT Mitra Stania Bemban (MSB) and PT Aega Prima.He detailed that last year's tin production from PT MSP reached 3,359 tons, followed by PT MSK with 1,023 tons, and PT Aega Prima with 960 tons. "PT Mitra Stania Bemban is currently preparing the complete documents needed for the preparation of the RKAB (Work Plan and Expenditure Budget)," said Aryo in his official statement, Thursday (26/1). He said that this year the company is optimistic that tin production will increase again, despite the threat of a world economic recession.The company's other subsidiaries also continue the exploration program to increase resources and reserves for the continuation of the Arsari Tambang business in order to provide foreign exchange to the state. It is known that Indonesia has long been known as one of the world's main tin producers. Most of the mineral resource reserves are in the Bangka Belitung Islands. This area can be called the largest tin area in Indonesia.Next, in the Bangkinang area, Riau Province. In the Riau Archipelago there is also a kelurahan which is the largest tin producer in Indonesia. The name of the village is Dabo which is located on Singkep Island. The region is also an area that holds quite a lot of tin reserves. Quoting data from Fitch Solution, Indonesia is listed as the second largest tin mining producer in the world after China.In 2021, the total production of Indonesian tin commodities is 83,000 tons. This amount is equivalent to 26 percent of the world's total mining production. Meanwhile, Indonesia's tin reserves, according to data from the United State Geological Survey (USGS), are estimated to reach 800,000 tons in 2021. This number also makes Indonesia the second largest owner of tin reserves in the world after China.Source: https://industri.kontan.co.id/news/arsari-tambang-catatkan-penjualan-logam-timah-5342-ton-tahun-2022

Indonesia’s discussion with electric automaker Tesla made headline again last week as Bloomberg reported that the two are closing in on a deal. However, Tesla’s CEO Elon Musk was quick to respond via his recently-acquired Twitter cautioning against citing “unnamed sources” as they are frequently false. So where is Indonesia currently in the talks to attract Tesla into building an auto factory in the country? Home to the biggest nickel reserves in the world, Indonesia has been leveraging its potential to attract investment in battery and electric vehicle (EV) production.It is currently building an end-to-end EV battery production ecosystem, from mining to recycling, and seeking to expand it to an EV manufacturing ecosystem. In EV battery production, Indonesia has been receiving flocking interests, especially from Chinese companies. Indonesia’s Morowali Industrial Park is home to the lithium-ion battery plant backed by subsidiary of China’s Contemporary Amperex Technology Co. Ltd. (CATL), the world’s biggest EV battery manufacturer, and GEM Co., a supplier to Samsung Electronics, PT Indonesia’s Morowali Industrial Park (IMIP), China’s Tsingshan and Japan’s Hanhwa Co. Ltd, and has made its first shipment of 1,200 tons of nickel metal. Furthermore, the Morowali Industrial Park is also home to a refining facility run by Zhejiang Huayou Cobalt Co., and the site of CNGR Advanced Material Co.’s future smelting plant. In August 2022, Tesla signed pricing agreements with Huayou and CNGR to supply ternary precursor materials produced in their factories in Indonesia and made from the country’s nickel reserves. Huayou will supply the EV maker from July 1, 2022, to the end of 2025 and CNGR from 2023 to 2025. Meanwhile, for EV manufacturing, South Korea’s automaker Hyundai had launched its plant in Indonesia in March last year and sold the country's first locally assembled EV in the market throughout 2022. China’s Wuling Motors Holdings has also built assembly facilities in Indonesia and set a record for the most battery EV sold in the country in 2022. With an established EV battery production ecosystem where Tesla has made deals with and precedents from EV automakers that have built and sold their cars in the country, the discussion to have Tesla build its EV factory in Indonesia has been dragging for a long time, so the issue may not be production ecosystem unreadiness. Coordinating Maritime Affairs and Investment Minister Luhut Binsar Pandjaitan said the country is preparing for some incentives to attract giant EV automakers, such as Tesla and China’s BYD. However, he did not mention what has been dragging the deal finalization and the incentives prepared. What we’ve heard A source in the government said that the difficulties in Tesla's investment plan to build an electric vehicle manufacturing facility in Indonesia was because the company owned by Elon Musk wanted to ensure that the nickel used as raw material for the batteries did not come from illegal mining. The source said that, apparently the illegal mining of nickel around Morowali and Konawe had caught Tesla's attention. The company then put forward conditions: it only wants to invest and build a car factory in Indonesia if the raw materials for the batteries don't come from illegal mining. That's why the lobbying team from the Ministry of Maritime Affairs and Investment ensured to Tesla that the battery raw materials to develop the EV ecosystem in Indonesia were all mined legally. If Tesla does invest in Indonesia, said the source, they will build electric vehicles to target emerging markets. They will set a price for an electric vehicle that is quite competitive with the price of the Wuling Air EV. This approach was taken because Tesla realized that the price of the electric cars they have been producing so far is too expensive for most consumers in Indonesia and other Southeast Asian countries. However, another source said that Tesla's investment plans in Indonesia could still change. A source at BKPM said that the team from the Maritime Affairs and Investment Ministry had lobbied for Tesla to enter Indonesia, without involving other ministries or institutions. That is why many officials at BKPM admit that they are not aware of Elon Musk's plans to invest in building factories in Indonesia. They only found out about the plan after Maritime Affairs and Investment Coordinating Minister Luhut Panjaitan conveyed it at the regional head coordination meeting recently. Source: https://www.thejakartapost.com/opinion/2023/01/25/analysis-ris-long-journey-to-attract-tesla-gigafactory.html

Freeport Indonesia’s copper output in 2023 is seen at about 1.6 billion pounds (725,748 tonnes), about the same level as last year, company chief executive Tony Wenas said on Tuesday.Gold output, estimated at about 1.8 million ounces, rose about 12.5% compared to 1.6 million ounces produced last year, Wenas told reporters.Source: https://www.mining.com/web/freeport-indonesia-targets-2023-copper-ore-output-at-1-6-billion-lbs-ceo/