MMS Group Indonesia (MMSGI) contributed to the acceleration of decarbonization in Indonesia through the signing ofa memorandom of understanding (MoU) in collaboration with the Renewable Energy Certificate (REC) with PT Perusahaan Listrik Negara (Persero) orPLN.The cooperation is carried out through two subsidiaries of MMSGI, namely PT Mitra Murni Perkasa (MMP) and PT Mitra Informatika Gemilang (MIG) for the use ofgreen energyfrom PLN.The signing was packaged in an international seminar "Energy Transition Day" by PLN at Sofitel Bali, Nusa Dua, Tuesday (1/11/2022).For information, the event is part of enlivening the agenda of the Group of Twenty (G20). The event was also attended by the President Director of PT PLN (Persero) Darmawan Prasodjo.Previously, in May 2022, one of MMSGI's subsidiaries, PT Multi Harapan Utama (MHU) also carried out a similar cooperation.The entire series of initiatives carried out by MMSGI is a concrete step to increase the company's contribution in an effort to ensure the success of the energy transition program.MMSGI said that the entire series of initiatives is a concrete step to increase the company's contribution in an effort to ensure the success of the energy transition program."MMSGI is committed to supporting the government's energy transition program to achieve sustainable economic growth. Today's event is a concrete step that companies can take to bring a better living space for future generations," said MMSGI Founder, Andrew Hidayat, in a release received by Kompas.com, Tuesday (8/11/2022).On the other hand, said Andrew, the strategic steps taken by MMSGI are clear evidence of the company in realizing the company's vision and mission to support the government's program to achievenet zero emissions (NZE) by 2060 in order to create a green energy ecosystem in Indonesia.Image source: Dok MIGSource: https://money.kompas.com/read/2022/11/08/203100726/mms-group-indonesia-dukung-upaya-percepatan-transisi-energi

Adaro once again achieved achievements in the Global CSR Awards (GCA) 2022 by winning the Gold Award in the Excellence in Provision of Literacy & Education Award category entitled Indonesia Bright Future Leaders (IBFL) – College Scholarship Program For Vulnerable and Indigeneous Students In South and Central Borneo program.The award was received by CSR Department Head of Adaro Energy Indonesia Zuraida Murdia Hamdie accompanied by CSR representative PT Adaro Indonesia Firmansyah at The 14th Global CSR & ESG Summit & Awards™ 2022, Thursday (3/11) in Hanoi, Vietnam."The Gold Award for the IBFL program is the result of the assessment of judges who are international CSR and ESG experts, that providing scholarships with comprehensive programs is Adaro's success in creating an impact in the field of education," explained Zuraida.He further said that the discussion during the Global CSR & ESG Summit & Award, which was attended by speakers and participants from various countries such as Australia, Indonesia, Malaysia, Singapore, Thailand, Philippines, Vietnam, India and Sri Lanka, was dominated by topics and encouragement to create impact."For us, it is a matter of pride and trust not to stop creating impact and even increasing its quantity and quality," he said.The Global CSR Awards are a prestigious award event, especially in Asia related to the implementation of CSR programs.The award is given to companies that consistently demonstrate commitment to sustainability and pele environmental development with the implementation of outstanding programs, innovations, projects and services that have been carried out today.Adaro's CSR has participated since 2013 at the GCA and as of 2021 has won 18 awards.This year Adaro won another award from around 350 participants, only 40 participants received the award, one of which was Adaro.Adaro is grateful to all parties involved in the success of the IBFL program, namely university partners (ULM, IPB, UPN Yogyakarta, UPR), relevant local governments, as well as beneficiary students and other parties who cannot be mentioned one by one."Hopefully, this award will be a blessing for all of us," concluded Zuraida.Image source: Antaranews.Kalsel/ist (Istimewa)Source: https://kalsel.antaranews.com/berita/348457/adaro-raih-gold-award-di-global-csr-awards

Mining contractor issuer, PT Delta Dunia Makmur Tbk. (DOID) increased its stake in Australian mining company AsiametResources Limited to US$3 million to ensure cooperation in the Kanan Main Bear (BKM) Coppermine.Asiamet CEO Darryn McClelland said that the proceeds from the share placement will be used for the finalization of the feasibility study of the BKM copper project, the work of financing the follow-up project and the development of BKM, as well as for working capital."With this share placement, DOID's ownership in Asiamet has increased from 15.3 percent to 24.2 percent," explained McClelland in an official statement, Wednesday (9/11/2022).With this additional shareholding, DOID reserves the right to nominate two Directors to Asiamet as long as their shareholding in the Company remains above 19.9 percent of the issued share capital in the Company.If DOID's shareholding is below 19.9 percent of the issued capital, DOID has the right to nominate one director to the Company's board of directors.DOID or its nominated subsidiary is given the option to further order US$5 million of executable shares at any time after two DOID directors appointed earlier as of January 1, 2023, and within 12 months from the date of completion of the current placement."We continue to collaborate extensively with DOID in project development as well as related to potential financing channels for BKM projects. Furthermore, DOID will complete the project due diligence and Asiamet will engage potential banks for debt financing," he added.With regard to global geopolitical and macroeconomic dynamics, McClelland admits it has negatively impacted market sentiment and challenging inflation of many resource projects globally. However, DOID continues to support Asiamet by continuing the development of the BKM project and launching financing."With experience in local mining and infrastructure development of mining projects, mining operations, and financing, we consider DOID to be an excellent strategic partner for our business," he added.Asiamet is also looking forward to the presence of a new director to join the board of directors of Asiamet to provide more detailed direction related to the completion of the BKM project.Ronald Sutardja, President Director of DOID added, that DOID is confident that it has a promising project, and will be one of the indispensable copper suppliers in the transition tonet zero emissions.Image source: deltadunia.comSource: https://market.bisnis.com/read/20221109/192/1596401/delta-dunia-makmur-doid-tambah-saham-di-asiamet-kepemilikan-jadi-24-persen

Indonesia-focused gold explorer Sihayo Gold has unveiled some compelling drill hits, including a standout strike of 11.1m going 7.49 g/t, inside a larger 31.5m hit at 4.29 g/t from 259m in North Sumatra.The results form part of a seven-hole, 2216m diamond drilling campaign designed to test below and south of the company’s planned Sihayo open-pit mine where the company says the operation’s deeper-lying mineralisation remains open.Other notable intercepts include 10.0 m at 7.90 g/t gold from 262m, 11.8 m grading 6.98 g/t from 98.0m and 11.1 m running 3.77 g/t from a depth just shy of 170m.The company has already defined a 21.4 million tonne resource at its namesake deposit grading 2 g/t gold for 1.4 million ounces.Notably, the asset takes in three distinct zones of mineralisation, oxide material at the top, fresh gold at the base and a layer of transitional material sandwiched between the two.The company recently launched a new round of metallurgical test work on the operation’s transitional and fresh material and following an uplift in recoveries, says the ore can now be efficiently processed.The work indicates the introduction of a caustic pre-leaching solution could push total recoveries at the project to more than 80 per cent up from about 71 per cent.Sihayo says its new processing play will boost cash flow and extend the project’s mineable areas.The company plans on constructing an ore treatment plant at the project and says the ground’s oxide and transitional material make up about 62.5 per cent of the facility’s estimated feed. The 37.5 per cent balance is anticipated to be derived from Sihayo’s oxide material.Sihayo’s fresh and transition ore is comprised of pyrite crystals mixed with gold-infused arsenian pyrite that under typical cyanide leaching fosters recoveries of about 20 per cent.The company says its recent metallurgical program breaks down the arsenian pyrite rims and releases the gold for subsequent processing, fuelling over 80 per cent recoveries.The new treatment process involves a 12-hour pre-leach with an acidic formulation known as “caustic” followed by a standard 24 hour cycle of cyanide leaching.Recent work suggests the process could deliver an average oxide gold grade of about 1.57 grams per tonne with an 83.4 per cent recovery rate.Treating the transition material is projected to return a grade of about 2.3 g/t gold with a recovery of between 80-85 per cent. Whilst using the pre-leach program to beneficiate the Sihayo’s oxide material is estimated to deliver a grade of 2.22 g/t gold with an 80-85 per cent recovery rate.The results collectively pull together for an average grade of 2 g/t with an 80-85 per cent recovery.Following the metallurgical program and recent success with the drill bit over deeper-lying parcels of mineralisation the company has ambitions of transforming the project into an underground mining operation and is evaluating the trade-off between open-pit and underground mining.Image Source: www.sihayogold.comSource: https://thewest.com.au/business/public-companies/sihayo-hits-deeper-gold-amidst-new-processing-play-c-8654041

Deputy Minister of Manpower (Wamenaker) Afriansyah Ferry Noor supports the ban on the export of raw materials. One of them is thetin exportban that was recently initiated by President Joko Widodo or Jokowi."That's great. We must support it through the Ministry of Energy and Mineral Resources, the Ministry of Investment, and others. So that mining products in Indonesia are useful for Indonesian citizens and the state," ferry said in a public discussion entitled Indonesia Mining and Energy Studies (IMES), at Bakoel Coffe Cikini, Sunday, October 30, 2022.Ferry gave an example of the downstream nickel mining industry in Morowali, Central Sulawesi, which is able to absorb tens of thousands of local workers. The absorption rate of local workers is far more than the absorption of foreign workers (TKA) which only amounts to 4,000 people."There are 45 thousand local labor absorption in IMIP (PT Indonesia Morowali Industrial Park). TKA is required only at any time. For example, 6 months ago, some were extended by two or five years," said the Secretary General of the Star Moon Party.Ferry also said the Ministry of Labor prepares a workforce with special abilities and competitiveness. In Samarinda, he said, there is a job training center (BLK) in the mining sector. There, the prepared workforce will be trained using excavators and other mining tools that require special skills.Jokowi previously signaled the closure of tin export taps in line with the immediate completion of the PT Timah Tbk smelter project.Jokowiadmitted that he wanted all mining commodities to enter the downstream industry. This is to increase the value of mines in the country and employment can be expanded."If the calculations are cooked, I will announce it, next year's stop or this year's cessop, it can happen," he said, Thursday, October 20, 2022.The Minister of Investment, Bahlil Lahadalia, also opened his voice on President Jokowi's decision to accelerate the ban on tin exports. He said the government had taken into account the impact of the plan."We have calculated that downstreaming of tin will have a positive impact on national development," said Bahlil when met at the Ministry of Investment office, South Jakarta on Monday, October 24, 2022.He revealed that Indonesia is the second largest tin producer in the world after China. Meanwhile, China has downstreamed lead by 70 percent. Meanwhile, Indonesia has only reached 5 percent.According to Bahlil, the halt in the export of raw tin aims to increase added value. Moreover, currently the price of these commodities is controlled by other countries whose tin producers are not as large as Indonesia.Although many parties do not agree with the suspension of tin export taps, he believes that the government will not be afraid to take steps. "I know a lot of people don't agree with that, I know who the 'players' are, but the country won't be able to shake in the slightest. Until when does our country want to be played like that, don't be," he said.The sooner Indonesia's tin export taps are closed, he said, the better the policy will be. "God willing, it will be faster and we have made theroadmap," said Bahlil.Image source: Instagram/afriansyah_ferrynoorSource: https://bisnis.tempo.co/read/1651081/hilirisasi-tambang-serap-pekerja-lokal-wamenaker-dukung-jokowi-larang-ekspor-timah

Chinese investment in Indonesia jumped in the third quarter driven by demand for raw materials used in manufacturing and Jakarta’s campaign to process more minerals at home before export.Foreign direct investment from China to Southeast Asia’s biggest economy reached US$1.56 billion between July and September, according to data from the Indonesian Ministry of Investment, a steep rise from US$595.61 million in the same period last year.More than 1,150 new Chinese investment projects were recorded in the last quarter, official data showed. Analysts said most were for downstream projects, refining minerals such as nickel before sale back to factories in China.“A key area of investment by Chinese firms is into Indonesia’s nickel smelting and downstream processing industries,” said Rajiv Biswas, Asia-Pacific chief economist with S&P Global Market Intelligence.Chinese investments totalled US$3.6 billion from January until June, up from US$1.7 billion in the first half of 2021, ministry data showed. China is Indonesia’s second-largest foreign investor after Singapore.China leans heavily on imports from Indonesia – a major exporter of coal, palm oil, nickel and other raw materials – to sustain its manufacturing output, including steelmaking, which was worth US$4.87 trillion last year.China, known as the world’s factory, accounted for nearly 30 per cent of global manufacturing output last year, an official from the Chinese Ministry of Industry and Information Technology told state-run media in August.Trade between Indonesia and China rose by 28.8 per cent in the first nine months of this year, led by Indonesian exports of base metals, coal and natural gas.Indonesia began squeezing exports of raw materials under former president Susilo Bambang Yudhoyono, who was in office between 2004 and 2014, and the policy has been continued by current President Joko Widodo.Image source: AFPSource: https://www.scmp.com/economy/global-economy/article/3197592/mineral-hungry-china-triples-indonesian-investments-jakarta-pushes-downstream-processing

PT RMK Energy Tbk (RMKE) has prepared a number of strategies to improve operational performance. The issuer, which is engaged in the sales and supply of coal logistics services, has the ambition to pursue the target of coal service volume of 20 million tons per year and coal sales volume of 5 million tons per year.To support this target, RMKE started ahauling road infrastructure project. In total, there are 2 roads planned to be built in this agenda."The two roads take a total investment of up to IDR 350 billion," RMKE Finance Director Vincent Saputra told Kontan.co.id (30/10).From this project, one of them will have a length of 20-25 kilometers (km) and be integrated with Gunung Megang Station to open access to potential coal mines in Enim, South Sumatra.The road has started and is scheduled to be completed by the end of 2022."With this integrated infrastructure, RMKE can accelerate the achievement of coal service volume and coal sales volume by 20 million tons per year and 5 million tons per year, respectively," said Vincent.The second road to be built will have a length of 40 km. "(Construction of the second road project) will only begin next year," Vincent added.The source of funding for RMKE'shauling roadinfrastructure project is planned to rely on internal cash, supported by the company's profit achievements last year and this year.A little information, citing the company's financial statements, RMKE posted a net profit for the year attributable to owners of the parent entity of IDR 199.28 billion in 2021.What is clear is that RMKE is eyeing an increase in performance volume with a sales volume target of 2.26 million tons in the coal sales segment and a transportation volume target of 7.82 million tons in 2022.As a comparison, looking at the company's Annual Report, RMKE realized a coal transportation volume of 5.96 million tons in the service segment and posted sales of 1.63 million tons of coal in 2021.During January-September 2022, RMKE has transported 5.46 million tons of coal, an increase of 21.08% compared to the same period last year. This amount is equivalent to 69.78% of this year's target.In terms of the coal sales segment, RMKE has sold 1.62 million tons during January-September 2022, an increase of 38.36% compared to the realization of the same period in 2021. That way, the realization of RMKE's sales volume has reached 71.68% of this year's target.Image source: Dok/RKMESource: https://industri.kontan.co.id/news/rmk-energy-rmke-anggarkan-dana-rp-350-miliar-untuk-bangun-hauling-road

Baramulti Group coal issuer, PT Mitrabara Adiperdana Tbk. (MBAP) posted a net profit of US$164.36 million during the first 9 months of 2022. This figure represents a growth of 237.5 percent, when compared to the report card of US$ 48,858 million in the same period the previous year (year-on-year / yoy).Based on the third quarter of 2022 financial report uploaded on the Indonesia Stock Exchange (IDX) page, revenue from contracts with customers increased by 84.8 percent to USD366.06 million.This figure was supported by an increase in sales to related parties, Brooklyn Enterprise Pte Ltd by 264 percent to US$142.5 million. Similarly, sales to third parties, KCH Energy Co Ltd, increased 137 percent to US$126.37 million.This result boosted basic earnings per share to a level of USD0.132 per share, greater than the gain in the current year as of the end of September 2021 which was only US$ 0.04 per share.MBAP's cost of goods swelled 28.4 percent to US$131.53 million followed by gross profit which also jumped 143 percent to US$243.5 million.The company's liabilities were recorded to increase by 62.3 percent compared to the end of 2021 to US$ 93,739 million. In detail, short-term liabilities amounted to US$89.42 million and long-term liabilities amounted to US$4,317 million.The change in the Company's total liabilities amounted to 62 percent of the audited consolidated financial position as of September 30, 2022 due to an increase in operating debt of US$ 6,472,276.Mainly, due to the increase in production costs, as well as an increase in tax debt of US$6,459,656 in line with the increase in profit before tax for the current year."The increase in liabilities was also caused by dividend debt of US$ 42,324,445, which was paid in full on October 3, 2022," MBAP management wrote.Meanwhile, in the third quarter of 2022, equity was recorded to increase by 17.08 percent to US$ 233.26 million. In total, assets rose 27.2 percent to US$327 million.Image source: PT Mitrabara Adiperdana TbkSource: https://market.bisnis.com/read/20221030/192/1592946/laba-emiten-batu-bara-mbap-meroket-2375-persen-di-kuartal-iii

Minister of Investment/Head of BKPM Bahlil Lahadalia encouraged Eramet, one of the largest mining companies in France, to immediately realize its investment in the construction of a smelter project for battery raw materials.Eramet itself collaborates with BASF, a German chemical company in the Sonic Bay project located in Weda Bay, North Maluku with a total investment of US$ 2.2 billion - US$ 2.5 billion."I hope that the commitment fromErametwill soon realize this project and be able to start construction," said Bahlil quoting a press release, Sunday (30/10/2022).In his meeting with Eramet Senior VP Corporate Affairs &Partnership Pierre-Alain Gautier in London, England, last Thursday (27/10/2022), Bahlil also requested that Eramet could involve local entrepreneurs in realizing its investment in Weda Bay."I only ask for one thing. The involvement of local entrepreneurs should be noted. The mining contractor must give a portion of local entrepreneurs so that there is equality. So I hope this is the focus that Eramet talks about with BASF," Bahlil said.In response, Pierre expressed his readiness to increase the involvement of regional entrepreneurs in running their businesses. He also asked for support from the Ministry of Investment/BKPM to accelerate the management of land conservation permits.The Ministry of Investment/BKPM had previously facilitated the land issue of the Sonic Bay project in the IWIP Industrial Estate related to the approval of the Forest Area Release from the Ministry of Environment and Forestry (KLHK).In addition, Pierre also proposed cooperation between Indonesia, France, Germany, and the European Union in the framework of the G20. This is done to support global partnerships to realize sustainable integration of strategic mineral resources."Perhaps our project with BASF can serve as a concrete example in the global partnership of mineral resources," Pierre added.For information, Eramet is a mineral resource mining and mineral processing company from France and is one of the largest mining companies in the world. Eramet's business lines include mining nickel, manganese, and lithium minerals; and research and development of alloys.Eramet itself is known to have collaborated with Antam since 1998 through a subsidiary called Strand Minerals to establish a company on behalf of PT Weda bay Nickel in Teluk Weda.The development of Eramet's operations in Weda Bay is also in collaboration with Tsingshan, the world's largest stainless steel producer, with a target of mining operation production capacity of 35,000 tons of nickel per year.Image source: Bisnis - Himawan L NugrahaSource: https://ekonomi.bisnis.com/read/20221030/44/1592876/bahlil-dorong-eramet-realisasikan-investasinya-di-weda-bay

PT Vale's Nickel production in the third quarter of 2022 (3T22) increased. This was revealed through the announcement of the financial performance achievements of PT Vale Indonesia Tbk (PT Vale or INCO) and its subsidiaries on Thursday, October 27, 2022.PT Vale's financial performance was reportedly unaudited for the third quarter of 2022. The Company recorded production of 17,513 metric tons ("t") of nickel in matte, and sales of US$309.2 million in the quarter."I am pleased to report on the favorable third quarter of 2022 with no Lost Time Injury accidents and no injuries recorded," said Febriany Eddy, CEO and President Director of the Company in a statement, Friday, October 28, 2022.Meanwhile, the average realization of nickel prices in the first nine months of this year was 41% higher year-on-year, pushing Revenue 27% higher in the first 9 months of 2022, compared to the same period the previous year.However, due to volatility in the market, the company said it remains cautious about nickel price fluctuations for the rest of the year.PT Vale's group cost of revenue increased from US$213.9 million in 2Q22 to US$258.4 million in 3Q22, primarily driven by higher energy costs and royalties.When compared to the 2nd quarter of this year, the use of coal per metric ton of nickel in matte decreased by 28%.This decrease in coal consumption was offset by the use of 40% higher HSFO permetric tons of natural matte nickel in the same period.In response to the sharp increase in coal prices, after conducting a careful analysis, the Company decided to divert energy sources for burners from coal to HSFO in September 2022.That way, the company is expected to incur lower energy costs than if it continues to use coal.During the period, both HSFO, diesel and coal prices rose by 12%, 20% and 14%, respectively.According to the report, PT Vale's EBITDA in 3Q22 was US$103.0 million, 37% lower than EBITDA in 2Q22 of US$163.4 million, due to the realization of lower nickel prices.The company's cash and cash equivalents as of September 30, 2022 were US$624.3 million; 7% higher than cash and cash equivalents as of June 30, 2022 of US$585.9 million.PT Vale then incurred capital expenditures of approximately US$29.9 million in the quarter, down from US$35.9 million in 2Q22."We expect to spend US$130 million for the whole of 2022," he explained.Production projections for 2022 have been revised to a range of 61,000 t – 62,000 t, lower than previously targeted, mainly due to delays in the completion of the Furnace4 Rebuild project."The companywill strive to optimize production in the last quarter of this year while increasing productivity and operational cost efficiency. In doing so, we will not compromise our core values: Salvation of life is paramount, Respect for the preservation of the earth and our communities," he said. RedImage source: PT Vale IndonesiaSource: https://referensia.id/produksi-nikel-pt-vale-meningkat-di-triwulan-tiga-2022/