PT Amman Mineral Nusa Tenggara (AMMAN) showed its concern for the suffering of the victims of the Cianjur earthquake, West Java. The mining company, which is headquartered in NTB, sent humanitarian assistance and emergency response personnel to help recover cianjur earthquake victims.AMMAN Summit/Site Director Wudi Raharjo has symbolically handed over humanitarian donations. The assistance was received by Associate Expert Mine Inspector Head of Mining Safety Section of the Directorate General of Minerals and Coal Dwinanto Herlambang, as well as Young Expert Mine Inspector of the Directorate General of Minerals and Coal Alex Sander Lumban Gaol.AMMAN handed over 440 units of mattresses, seven units of tents measuring 25 x 9 meters, logistical assistance in the form of food, and basic needs of children and toddlers, as well as sanitary supplies. AMMAN also sent nine personnel consisting of AMMAN employees and business partners with emergency, evacuation and disaster relief skills.The delivery process is carried out simultaneously based on coordination with the Ministry of Energy and Mineral Resources (ESDM) Disaster Preparedness and related local governments. AMMAN Vice President of Corporate Communications Kartika Octaviana said that her party was sorry for the disaster that was happening to the residents of Cianjur. "The humanitarian mission and donations that we distribute are a form of the company's concern to jointly help ease the burden on our brothers and sisters who are being hit by disaster," he said yesterday.Over the next 14 days, he continued, the personnel sent will help handle post-disaster recovery with their skills. For example, the process of establishing temporary housing, distributing, and securing logistical assistance.Image source: AMMAN FOR LOMBOK POSTSource: https://lombokpost.jawapos.com/sumbawa/06/12/2022/pt-amman-kirim-bantuan-untuk-korban-gempa-cianjur/

President Joko Widodo or Jokowi has instructed to speed up the construction of bauxite and tin smelters or smelters in the country. However, Jokowi has not explicitly ordered his aides to issue a policy of banning bauxite and tin in by 2023.Minister of Energy and Mineral Resources or ESDM Arifin Tasrif said some bauxite and tin smelters are still under construction. Meanwhile, the entity that built the smelter is the owner of a national bauxite and tin mining permit."There are a lot of funding issues here that will have to be our concern. We will facilitate the funding issue," Arifin said at the Merdeka Palace, Tuesday (6/12).In other words, Arifin will help these business actors to get commercial credit with competitive interest. However, Arifin has not received explicit instructions to ban the export of bauxite and tin in the form of raw materials.Jokowi Calls Minister to Palace to Discuss Tin and Bauxite DownstreamingArifin said the government will still evaluate the impact of the policy of banning bauxite and tin into the country. According to him, the banning policy will be decided by the government.On the other hand, Arifin has not yet set the imposition of export taxes on nickel ore next year. This policy is one of the mitigations prepared by President Joko Widodo facing the results of the decision of the World Trade Organization or WTO.For information, the government is optimistic that it will not win a lawsuit against nickel export ban policy at the WTO. Meanwhile, the report on the results of the lawsuit is scheduled to be received by the government in the last quarter of 2022."We still want to see the condition of the industry," said Arifin.Arifin revealed that the government's defense regarding the policy was rejected by the WTO, which means that there is a possibility that Indonesia will be found guilty and violate the provisions of WTO Article XI.1 GATT 1994 and not justified by articles XI.2 and XX (d) of GATT 1994.He said the government has not thought about implementing an export tax policy or exit duty on nickel ore following a WTO panel ruling that said Indonesia violated provisions related to the nickel ore export ban.Encouraging Downstreaming, MIND ID Asks for Import of Processed Tin and BauxiteEarlier, Investment Minister Bahlil Lahadalia said the first step to be taken in fighting the suit was to appeal. Meanwhile, the second way prepared, one of which is to increase the export tax on nickel ore."So, go ahead and protest us. Go ahead and take them to the WTO, but the country is sovereign. They have agreed in the G20 on downstreaming," Bahlil said at the State Palace in the official channel of the Presidential Secretariat, Wednesday (30/11).The government targets the construction of smelters in the mineral and coal subsector to reach 53 units by 2024. The investment value for the construction of the smelter is estimated to reach US$ 21.60 billion or equivalent to Rp 308.7 trillion (exchange rate of Rp 14,295/US$).Image source: BIRO PERS SEKRETARIAT PRESIDENSource: https://katadata.co.id/tiakomalasari/berita/638f1a1dc1f81/jokowi-fasilitasi-kredit-murah-pembangunan-smelter-timah-dan-bauksit

PYX Resources Ltd. announced the appointment of Dr. Raden Sukhyar as a Non-Executive Director, with immediate effect. Dr. Sukhyar received his Bachelor Degree in Geology Engineering from Institut Teknologi Bandung ("ITB"), Bandung Indonesia, in 1980. In 1990 he obtained his Doctorate Degree (Ph.D) in Earth Science from Monash University, Melbourne Australia.Dr. Sukhyar, a highly regarded geologist and Indonesian executive, has vast experience and knowledge of operating in Indonesia, including key government roles. He was appointed as Head of the Indonesia Geological Agency from 2008 to 2013, and as Director General of Mineral and Coal, Ministry of Energy and Mineral Resources from 2013 to 2015. In 2016 he was appointed as adviser to the Minister of Industry of the Republic of Indonesia until 2019.He served as commissioners of state owned mining enterprises namely PT Timah (2002-2008), PT Aneka Tambang (2011-2015) and PT Petamina Geothermal Energy (2006-2009). He has been an independent commissioner of PT Vale Indonesia since 2018. He has previously been in charge of strategic policy making in Indonesia which included the following roles: Chairman of Mineral and Coal Mining Bill Drafting - which then became Law on Mineral and Coal Mining No.4/2009; and Chairman of Geothermal Bill Drafting - which then became Law on Geothermal No.27/2003.Image source: PYX Resources LtdSource: https://www.marketscreener.com/quote/stock/PYX-RESOURCES-LIMITED-120976305/news/PYX-Resources-Ltd-Announces-Appointment-of-Raden-Sukhyar-as-A-Non-Executive-Director-42418147/

Indonesian tin industry groups on Monday asked authorities to consider implementing a planned tin ingot export ban gradually to allow the industry to develop domestic processing plants.Indonesia last month said the world’s biggest exporter of refined tin is planning to ban exports of the metal in favour of attracting investment to further process it domestically. The timeline for implementing such a ban has not yet been decided.The policy is similar to what the resource-rich country has implemented for developing a downstream processing industry for nickel ore. But unlike nickel, Indonesia already exports high-purity refined tin.Authorities may seek investment in tin forming industries and tin chemical productions, officials said.“We support all regulations that will be made by the government but we ask for their consideration that this downstreaming be carried out in stages,” Alwin Albar, chairman of industry group Association of Indonesian Tin Exporters, said at a hearing in parliament.“We need time to develop the downstream industry,” he said.He added state tin company PT Timah, where he is a director, needs around two years to develop its existing tin chemical production facility and even longer to secure markets for its products.He said a sudden export ban could hurt tin miners and refiners as the domestic market can only absorb about 5% of Indonesia’s output.Alwin also warned that imposing an abrupt export ban while domestic use remains low could trigger smuggling.Ismiryadi, chairman of the Association of Indonesian Tin Industry, told the same hearing that an export ban would affect roughly 30% of economic activity in the country’s tin mining hub, Bangka Belitung Province.A mining ministry official said the government would calculate how much time and investment would be required to develop a domestic processing industry.Image source: International Tin AssociationSource: https://www.mining.com/web/indonesian-tin-groups-ask-govt-to-consider-impose-export-restrictions-gradually/

PT Atlas Resources Tbk (ARII), a coal mining company, recorded impressive performance in Q3 2022 compared to the same period last year. The company is reported to secure revenue and profit growth of 136.90% and 2,876% (year-on-year/yoy), respectively.Andre Abdi, President Director of Atlas Resources, revealed that its revenue in Q3 2022 clocked up to USD 163 million, multiplying from USD 29.20 million seen in the third quarter last year. The coal sales contributed USD 143.26 million, increasing 457.41% yoy from USD 25.70 million, while the rental services generated USD 19.73 million, also shifting 463.48% yoy higher from mere USD 3.5 million.Its gross and current year’s net profit as of September 2022 reportedly clocked up to USD 34.49 million and USD 31.60 million, in that order.For comparison, in Q3 2021, its gross and current year’s profit only reached USD 1.01 million and USD 1.05 million.Image source: ARIISource: https://www.idnfinancials.com/news/45207/arii-scored-profit-surge-q

PT Indika Energy Tbk (INDY) has advanced the payment for shares of PT Kideco Jaya Agung that have been just acquired from ST International Co Ltd (Samtan).The payment that INDY made to Samtan amounts to USD 160 million, which is the price for 100,139 units of Kideco’s shares that was purchased from Samtan.“Therefore, the company has completed the sales and purchase agreement,” Adi Pramono, Corporate Secretary of INDY, confirmed in the official release.Furthermore, Pramono reasoned that the payment is made in advance to maintain INDY’s financial performance. “The earlier payment of this contingent yield may be seen as the company’s attempt in reducing the incurred cost next year,” he admitted.With the completion of this shares sale and purchase, INDY has now officially become the major shareholder of Kideco, owning 91% of its shares and leaving the remaining 9% to Samtan.Image source: Indika EnergySource: https://www.idnfinancials.com/news/45230/indika-energy-expedite-payment-samtans-shares-kideco-jaya-agung

Indonesian nickel miner PT Vale Indonesia expects to complete construction by 2025 of a high-pressure acid leaching plant to produce nickel minerals used in electric vehicle (EV) batteries, its director said on Monday.Vale on Sunday broke ground on the plant, which is expected to have a production capacity of 120,000 tonnes of nickel in mixed hydroxide precipitate per year, making it the biggest in the world yet.“Construction is estimated to be completed at the end of 2025,” said Vale Indonesia director Bernardus Irmanto.Vale worked with Zhejiang Huayou Cobalt to build the plant in the nickel-rich Pomalaa region in Indonesia’s Sulawesi island, with a total investment of 67.5 trillion rupiah ($4.29 billion), Vale CEO Febriany Eddy said on Sunday.Under the agreement, Huayou will develop the Pomalaa project in Southeast Sulawesi and Vale will have rights to acquire up to 30% stake in the project, Vale said previously, adding that it would supply nickel ore for the project.Indonesia has ambitions to build a homegrown EV industry.Image source: PT Vale IndonesiaSource: https://www.mining.com/web/vale-indonesia-expects-to-complete-nickel-hpal-plant-by-2025/

In the past year, global oil prices have fallen from their lows. Even so, West Texas Intermediate (WTI) crude oil closed positive at the close of trading on Monday (28/11).Tuesday (29/11) U.S. West Texas Intermediate (WTI) crude closed up 96 cents, or 1.3 percent, to USD 77.24, after touching its lowest level since December 2021 at USD 73.60. Brent crude settled at USD 83.19 a barrel, down 0.5 percent.CoalCoal prices were observed to rise in trading on Monday (28/11). According to the ICE Newcastle (Australia) exchange, the December 2022 contract coal price rose 18.2 percent to USD 379 per ton.The same thing also happened for the coal price contract in February 2023 which increased by 14.45 percent to USD 365 per ton.Crude palm oil (CPO) prices were observed to strengthen in trading on Monday (28/11). Based on the Malaysia Exchange, the CPO price of the January 2023 contract rose 1.08 percent to MYR 4,140 per ton.Meanwhile, CPO prices for the February 2023 contract rose 0.7 percent to MYR 4,091 per ton. And for the March 2023 contract, it also strengthened by 0.9 percent to MYR 4,099 per ton.NickelNickel prices were observed to fall at the close of trading on Monday (28/11). Nickel prices on the basis of the London Metal Exchange (LME) closed down 2.62 percent to USD 25,416 per tonne.TinTin prices declined at the close of trading on Monday (28/11). Based on the LME website, Tin prices closed down 0.03 percent to USD 22,231 per tonne.Image source: PT AntamSource: https://kumparan.com/kumparanbisnis/update-harga-komoditas-batu-bara-naik-18-2-persen-nikel-turun-2-6-persen-1zLApEEFsUX/full

Coordinating Minister for Maritime Affairs and Investment, Luhut Binsar Pandjaitan, has expressed Indonesia's readiness to work with several African countries and help optimize their natural resources so that they can advance and develop their economies.He made the statement at the “Special Ministerial-CEOs Meeting: Emerging Economies Cooperation” in Nusa Dua, Bali, on Thursday (November 17, 2022), which was attended by ministers and delegates from three African countries—the Democratic Republic of the Congo, the Republic of Rwanda, and the Republic of Senegal, as well as delegates from the African Union Development Agency (AUDA-NEPAD)."Indonesia's economy is growing very fast, and we are quickly moving from exporting raw materials to developing value-added industries. Inspired by the Bandung Spirit and South-South Cooperation, we want to work together and help other developing countries strengthen their private sector to do the same thing," he said, according to a statement released in Jakarta on Friday.In order to achieve a sustainable industrial base and mining industry, Indonesia is also supporting the development of new business models, new technologies and platforms, as well as infrastructure that supports the transformation to increase productivity, Pandjaitan added."Synergies in innovative financing for strategic industries and critical infrastructure are very important," he said.While some government agencies may be lagging in terms of infrastructure development, many private global companies are looking for investment opportunities in infrastructure and strategic industries.According to him, state-owned enterprises (BUMN) and the private sector will be interested in participating in all strategic projects by strengthening and expanding innovative mechanisms to facilitate public-private partnerships."We need public-private involvement and collaboration at every level to improve our competitiveness, prosperity, and future," the minister said.Pandjaitan further said that developing countries must have independence and sovereignty in using and exploiting their natural resources in the right way."Which means that developing countries need to have the right to exercise their own discretion and optimize their natural abundance towards their own economic progress and development," he explained.Meanwhile, the CEO of AUDA-NEPAD, Nardos Bekele-Thomas, highlighted the paradox of African development, which he described as “poverty amidst abundant wealth.”He said he is hoping for mutually beneficial cooperation with southern countries to optimize the wealth of biodiversity.The South-South Cooperation (KSS) is a cooperation scheme among developing countries, which is carried out through bilateral and multilateral means mutually.Meanwhile, the Bandung Spirit, which emerged from the 1955 Asian-African Conference, refers to the spirit of peace highlighted by Asian-African leaders who attended the conference for resolving the problems of imperialism and competition between the West and East blocs.Image source: ANTARA/HO Coordinating Ministry for Maritime Affairs and InvestmentSource: https://en.antaranews.com/news/261081/indonesia-ready-to-help-african-nations-optimize-natural-resources

PT Indonesia Asahan Aluminium (INALUM) and Emirates Global Aluminium (EGA) signed a feasibility study agreement related to the development of INALUM's browfileld expansion in Kuala Tanjung, North Sumatra.The agreement was signed by INALUM President Director Hendi Prio Santoso and EGA Chief Executive Officer, Abdulnasser Bin Kalban, at the G20 Summit in Bali, Monday (14/11).President Director of INALUM, Hendi Prio Santoso, said that this agreement is expected to confirm that EGA is INALUM's preferred partner for the Kuala Tanjung brownfield expansion.The consideration is based on the efficiency of EGA's smelting technology and experience transferring it internationally, as well as the company's potential partnerships as an investor and or metal offtaker."We see advancing to the successful conclusions of the bankable feasibility study as the next step before we begin construction," he said in a written statement. EGA is the largest non-oil and gas industry company from the United Arab Emirates.Under this agreement, EGA has the exclusive right to license the UAE-developed technology to INALUM for brownfield aluminum smelter expansion. EGA will license DX+ Ultra smelting technology to INALUM which is the international company's latest industrial technology.The commercial license is for the expansion of the Kuala Tanjung brownfield smelter in North Sumatra, if the project proves feasible.EGA itself has been developing its smelting technology in the UAE for more than 30 years, and was the first UAE industrial company to license its core process technology internationally in a deal with Bahraini Aluminium in 2016.The EGA's requirement for metal investment or retrieval is that the prioritized project uses renewable energy. The existing Kuala Tanjung aluminum smelting plant uses electricity generated by hydropower.The expansion project is expected to have a capacity of more than 400 thousand tonnes of aluminum per year, depending on the results of a bankable feasibility study that will now be co-financed by EGA and INALUM."This agreement is an important step forward in our cooperation with INALUM, and brings the deployment of UAE-developed technology closer to Indonesia," said EGA Chief Executive Officer Abdulnasser Bin Kalban.He said potential investments in the expansion of Kuala Tanjung's brownfield, and the sale of metals, would advance growth in low-carbon aluminum that would enable modern life around the world while protecting the earth for future generations."I thank INALUM for their continued trust in the EGA in line with the partnership between our two countries."For your information, INALUM and EGA have worked together in increasing the potential to use EGA technology knowledge from the existing aluminum smelter in Kuala Tanjung, based on an agreement signed in 2020.The project aims to increase production from existing reduction cells by about 20,000 tons per year or about 10 percent. Design work for the pilot part of the project has been completed.The EGA itself has completed a series of similar improvements across its sites in Jebel Ali and Al Taweelah over the past few decades.In 2020, EGA signed an agreement with NEO Aluminio Colombia that could lead to the export of EGA technology for the development of the South American country's first aluminum production facility.Image source: KONTAN/Baihaki/22/7/2018Source: https://industri.kontan.co.id/news/inalum-dan-ega-mengggarap-potensi-penggunaan-teknologi-alumunium-di-kuala-tanjung