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10 Oct 2022, 08:30 AM

Borneo Indobara Won the 2022 GMP Award

www.tambang.co.id
3082 Views
A coal mining company from South Kalimantan, PT Borneo Indobara (BIB) managed to get the 2022 Good Mining Engineering (GMP) Implementation Award trophy from the Directorate General of Mineral and Coal, Ministry of Energy and Mineral Resources (ESDM). The highest award at the GMP event was handed over directly by the Director General of Mineral and Coal, Ridwan Djmalauddin to bib's Director of Operations, R Utoro at the Bidakara Hotel, Jakarta, Thursday (29/9). Director of Mineral and Coal Engineering and Environment of the Directorate General of Coal Minerals, Sunindyo Suryo Herdadi stated, this award is an assessment of performance and success in the application of good mining engineering rules in mineral and coal mining business activities. "This activity is also intended to give appreciation and motivation to all mining companies," said Sunindyo. Sunindyo hopes that this activity will motivate mining business actors to continue to apply good mining rules in their mining activities and become a benchmark for the Government regarding the success of fostering supervision of technical and environmental aspects of mining business activities. "We also hope that this activity can increase the motivation of all mining activity actors to continue to carry out mining operations in accordance with the principles of applying good mining engineering rules and become a benchmark for the government for the success of fostering supervision of technical and environmental aspects of mining business activities," hoped Sunindyo. Meanwhile, Ridwan said that good mining technique is an absolute requirement that must be met by mining personnel. "We advise you to continuously maintain and improve performance and be able to become a role model. We invite every mining person to collaborate together to implement Good Mining Practices," said Ridwan. In addition to receiving the highest award trophy, BIB also won other categories of achievements, namely Aspects of Mining Engineering Management Group of business entities holding PKP2B, IUP BUMN, IUP PMA, IUPK coal commodities by winning aditama (gold). An award in the form of gold was also won by BIB in the category of Aspects of Mining Environmental Management. In addition, this Sinar Mas Group subsidiary received a major award (silver) in several aspects, namely Aspects of Mining Safety Management, Aspects of Application of Mineral and Coal Conservation and Aspects of Standardization Management and Mining Services Business. Source: https://www.tambang.co.id/selamat-borneo-indobara-sabet-trofi-penghargaan-gmp-award-2022
News
10 Oct 2022, 08:00 AM

Indonesia Set To Win Big As European Smelters Shut Down

oilprice.com
3073 Views
Experts anticipate that nickel prices will remain sluggish for the foreseeable future. After the LME’s (London Metal Exchange) nickel squeeze and because of the war in Ukraine, global supply continues to drop. Adding to these problems are expectations that Indonesia’s current nickel surge will further affect nickel price direction. September and October are typically high points for annual nickel purchases, but the metal could face a rocky road going into Q4.Indonesian Production and its Impact on Nickel PricesIn the beginning of September, MetalMiner commented that Nickel prices began rising at the beginning of the month. This seemed to indicate the potential for a nickel price reversal to the upside. Indonesia, one of the world’s top nickel producers, could benefit significantly from such a move. Indeed, roughly 23.7% of all of the world’s nickel product comes from Indonesia. And in the past year alone, the country produced 814,000 tonnes of nickel. The country also pulls in over $20 billion annually from steel and steel-related products.Of course, smelter shutdowns in places like Europe and China make Indonesia an attractive nickel alternative. Many feel that Indonesian companies have a golden opportunity on their hands, especially after the LME’s March nickel squeeze. There also continues to be a growing demand for nickel in electronics. The metal’s use in things like batteries helps drive this demand, but it is also keeping the nickel price trends within support and resistance for the moment.Nickel Price TrendsNickel prices managed to bounce after declining sharply in the early summer. But after the LME nickel shut down in March, nickel volume levels declined significantly. At that point, there was no sign of the LME returning to pre-shutdown levels (where they were in February of 2022) and the LME nickel price reflected this.And while volumes remain low, this didn’t stop the price action from bouncing nickel back up from a sharp downtrend. For the time being, nickel remains in a sideways trend firmly between resistance and support. Unfortunately, this also means there is no clear direction to either side. In the long term, experts, traders, and nickel buyers are eager to see a definable trendSource: https://oilprice.com/Metals/Commodities/Indonesia-Set-To-Win-Big-As-European-Smelters-Shut-Down.html
News
07 Oct 2022, 10:00 AM

Petrosea (PTRO) Pursues Gold Project Mining Contract

market.bisnis.com
3500 Views
Mining contractor pt Petrosea Tbk. (PTRO) continues to strive to develop its business by carrying out a number of expansions, such as gold mining. Head of Corporate Secretary of PTRO Anto Broto said, currently there are various strategic initiatives that petrosea continues to implement which have been proven to have supported the company in recording solid performance on an ongoing basis. "The business expansion carried out by Petrosea also continues to strengthen the company's optimism to develop into a sustainable resource company that supports the development of the mining sector in Indonesia," he said in a press statement, Thursday (29/9/2022). One form of business expansion in the coal sector is the signing of a mining service agreement with PT Indo Bara Pratama in September 2022 with a value of IDR 2.89 trillion and a period of five years. Meanwhile, in the gold sector, one of the realizations of the implementation of Petrosea's diversification strategy is the acquisition of a contract from PT Santana Rekso Nindhana for EPCM services in a tailings management project at a gold mine owned by PT Nusa Halmahera Minerals (NHM) in July 2022, with a contract value of IDR 3.6 trillion for five years including infrastructure development. "Until now, the company continues to accelerate the completion of the tailings infrastructure construction so that it is targeted to enter the production stage in the near future. In the future, Petrosea is expected to work on other gold mining service projects in Indonesia," he said. In the nickel sector, Petrosea has signed a contract with PT Cipta Djaya Selaras Mining for pit-to-port mining services and mining infrastructure development with a contract value of IDR 1.58 trillion for four years. The project has entered the stage of completion of construction for road and infrastructure construction with a production target by the end of 2022. In carrying out its business, Petrosea is fully supported by Haji Romo Nitiyudo Wachjo who is the majority shareholder of one of the largest gold mines in Indonesia, PT Nusa Halmahera Minerals and PT Caraka Reksa Optima who is the main shareholder of PT Petrosea Tbk."In the future, Petrosea's strategy is to continue to carry out business diversification into other mineral sectors through the provision of mining and engineering services, procurement & construction (EPC) on an ongoing basis," added Anto. In addition, Petrosea's long-term strategy is to reposition from previously a mining contractor to a mine owner in order to strengthen the company's performance and provide added value for all stakeholders in the future. Recently, PTRO has also completed the mandatory share tender offer process carried out by PT Caraka Reksa Optima (CARA) as the main shareholder of Petrosea has ended on September 23, 2022, where the results of the mandatory tender offer reached 89.90 perden shares. After the mandatory tender offer period ends, petrosea's shareholder composition becomes PT Caraka Reksa Optima which owns 89.80 percent of the shares and the public which owns 10.20 percent of the shares.Source: https://market.bisnis.com/read/20221002/192/1583227/petrosea-ptro-kejar-kontrak-tambang-proyek-emas
News
07 Oct 2022, 09:00 AM

United Tractors (UNTR) Mining Contractor Performance Rises, Gold Sales Fall

market.bisnis.com
3037 Views
The coal and gold business of PT United Tractors Tbk. (UNTR) experienced a decrease in production and sales volumes until year to date (ytd) until August 2022. In the mining contractor business run by PT Pamapersada Nusantara (PAMA), this issuer coded UNTR shares recorded a decrease in production volume of 72 million tons of coal for 8 months in 2022. This production volume decreased by 8.51 percent, from coal production in the same period last year of 78.7 million tons. Meanwhile, on a month-to-month (mtm) basis, PAMA's coal production in the August 2022 period was 11.3 million tons, an increase from 10.5 million tons in July 2022. In addition, PAMA also recorded 607.4 million bank cubic meters (bcm) of surface layer stripping or overburden (OB) removal until August YTD, 2022. This number is up from last year's OB production of 558.6 bcm. Meanwhile, in August alone, the company's OB volume was recorded at 88.2 million bcm, from 82.4 million bcm in July 2022. In the coal trading business through its subsidiary PT Tuah Turangga Agung (TTA), UNTR posted a sales volume of 7.3 million tons of coal year to date until August 2022, down 1.63 percent from the same period in 2021 of 7.42 million tons. Sales in August 2022 fell to 727,000 tons, from 765,000 tons in July 2022. Meanwhile, in the gold business line through PT Agincourt Resources, UNTR sold 192,474 gold equivalent ounces (GEOs) until August 2022 on a YTD basis. This number is down 16.6 percent from the same period last year of 230,854 GEOs. The company's gold sales volume in August 2022 decreased with sales in July 2022, which was 24,000 GEOs, from 25,000 GEOs in July 2022.Source: https://market.bisnis.com/read/20221003/192/1583718/kinerja-kontraktor-tambang-united-tractors-untr-naik-penjualan-emas-turun
News
07 Oct 2022, 08:00 AM

PTBA Continues to Digitize Mining Operations

id.investing.com
3091 Views
PT Bukit Asam Tbk (IDX: JK: PTBA) continues to digitize mining operations, where since 2020, PTBA has a CISEA (Corporate Information System and Enterprise Application) application to monitor mining activities in real time via mobile phones. PTBA Corporate Secretary, Apollonius Andwie revealed, digital transformation is part of PTBA's steps to carry out Good Mining Practice. "The use of digital technology also increases efficiency and business continuity," explained Apollonius, as reported by a press release, Monday (3/10/2022). The CISEA application integrates several systems at once, namely Automation & SCADA System Integration, Bukit Asam Mine Dispatch Optimation System, Automatic Train Loading Station, Slope Stability Radar (SSR), Digital Telemetry, Integrated Water Monitoring System (SPARING), to Corporate Social Responsibility (CSR). Explained, with the integration of SCADA in the CISEA platform, mileage is not a problem to carry out software maintenance, trouble shooting, and analysis of the control system at PTBA. Data analysis is easier and more accurate because all operational data is stored automatically and in real time. Through the Bukit Asam Mine Dispatch Optimation System, mining productivity and efficiency can be improved. Production data, real time performance of units and operators, losstime, fuel consumption, monitoring unit positions (loaders, haulers, ancillaries), unit status, real time estimation of mine line conditions, operational safety, water monitoring, rain monitoring are all available on mobile phones. Then with the Automatic Train Loading Station, the filling and weighing of coal to the train car is carried out automatically and can be monitored with a mobile phone. The process time of filling coal to the train car is faster. The capacity of coal production from the mine site to the port is also greater than that of competitors. Meanwhile, the SSR monitors the slopes of the mine in real time and in detail. SSR is able to detect small movements that are not detected by other monitoring tools. That way, the conservation of coal resources can be increased and the cost of the risk of landslides is minimized. There is also Digital Telemetry which provides real-time rainfall data through CISEA. Then SPARING gives an early warning if there are water quality deviations that do not meet quality standards. Apollonius added that the CISEA application helps CSR distribution to be more targeted by providing data on vulnerable groups from social mapping results, accelerating the evaluation of assistance provision, and providing comparative data on the accuracy of CSR fund distribution. "PTBA has received Copyright recognition from the Ministry of Law and Human Rights of the Republic of Indonesia for the CISEA application with a protection period of 50 years since it was announced," he said. A number of awards were received by PTBA thanks to the achievements of digital operational transformation.Even, Vice President of Information Technology of PTBA, Satria Wirawan in 2021 received the Satyalancana Wira Karya award from the President of the Republic of Indonesia Joko Widodo for his innovation in the use of digital technology for mining. In addition, Satria also received the Dharma Karya Energi dan Sumber Mineral award from the Ministry of Energy and Mineral Resources in 2020. Source: https://id.investing.com/news/economy/ptba-terus-lakukan-digitalisasi-dalam-operasional-pertambangan-2222607
News
06 Oct 2022, 10:00 AM

BUMI Subsidiaries won 25 awards from MEMR

market.bisnis.com
2744 Views
PT BUMI Resources Tbk. (BUMI) through its business units PT Kaltim Prima Coal (KPC) and PT Arutmin Indonesia (Arutmin) won a prestigious and prestigious award at the Good Mining Practices Award 2022 event organized by the Ministry of Energy and Mineral Resources of the Republic of Indonesia (ESDM). The awards received by KPC 8 awards and Arutmin 17 awards, including Trophy: Aspects of Engineering Management, Aspects of Environmental Management, Aspects of The Application of Mineral and Coal Conservation, Group of Business Entities Holding PKP2B, IUP, and IUPK Coal Commodities (KPC). Bumi Adika President Director Nuraga Bakrie is honored and happy for the 2022 Good Mining Engineering Implementation Achievement Award given by the Directorate General of Minerals and Coal, Ministry of Energy and Mineral Resources (ESDM) RI. "This provides additional evidence that the BUMI group is committed to implementing the best mining rules in the management of technical aspects, coal conservation, environment, mining safety as well as standardization and service business," he said, quoted in an official statement, Monday (3/10/2022). Adika added that the various awards won are expected to spur BUMI Group to perform even better in the future. Aditama Award for Technical Management Aspects, Environmental Management Aspects, Conservation Management Aspects, and Mineral and Coal Mining Safety Management Aspects, Group of Business Entities Holding PKP2B, IUP, and Coal Commodity IUPK (Arutmin Site Batulicin). Furthermore, the Main award for Aspects of Standardization Management and Service Business, Aspects of Engineering Management, Aspects of Safety Management, Aspects of Conservation Implementation, and Aspects of Environmental Management of Mineral and Coal Mining, Group of Business Entities Holding PKP2B, IUP, and IUPK coal commodities (Arutmin Site Satui). There is also a Pratama award for Aspects of Engineering Management, Aspects of Safety Management, Aspects of Standardization Management and Service Business, and Aspects of Environmental Management of Mineral and Coal Mining, Groups of Business Entities Holding PKP2B, IUP, and IUPK coal commodities (Arutmin Site Asamasam, Arutmin Site Kintap, Arutmin Site Batulicin and Arutmin Site Senakin).Source: https://market.bisnis.com/read/20221003/192/1583859/anak-usaha-bumi-borong-25-penghargaan-dari-kementerian-esdm
News
06 Oct 2022, 09:00 AM

Mega Eltra Ready to Ship 63,000 Metric Tons of Coal to Petrochemical Gresik

www.tribunnews.com
2891 Views
To meet the needs of Petrochemical Gresik energy raw materials, PT Mega Eltra is ready to send 63,000 metric tons of coal. This subsidiary of PT Pupuk Indonesia (Persero) has won a coal procurement tender held by PT Petrokimia Gresik (PKG). Director of Commercial and Operations of PT Mega Eltra, Indrajaya said that Mega Eltra has won the coal procurement tender with a minimum calorific value of 4,600 Kcal. The procurement of coal is intended, among others, for the utility or energy of the fertilizer plant. "This is a tangible form of our commitment in fulfilling the Domestic Market Obligation (DMO) and also synergy within the Pupuk Indonesia Group in supporting Indonesia's economic growth," said Indrajaya. Indrajaya explained that this coal shipment was carried out in 11 shipments, using barges that had a load capacity of approximately 5,700 metric tons, there were also those who used barges with a load capacity of approximately 7,500 metric tons of coal, where these conditions were very dependent on the condition of the high water level and the depth of the pier at the coal loading site. Currently, Indrajaya said that PT Mega Eltra has completed the delivery of coal with the aim of a Special Port owned by PT Petrokimia Gresik in Gresik as much as approximately 63,000 metric tons on time in accordance with the agreement that has been mutually agreed between PT Mega Eltra and PT Petrokimia Gresik. "The synergy between PT Mega Eltra and PT Petrokimia Gresik is a good opportunity in developing future business processes and can increase contributions for all parties," said Indrajaya.Source: https://www.tribunnews.com/bisnis/2022/10/03/mega-eltra-siap-kirim-63000-metrik-ton-batubara-ke-petrokimia-gresik
News
06 Oct 2022, 08:00 AM

Indonesia Largest Nickel Industrial Estate will Provide Training to 17,000 Workers

www.msn.com
3397 Views
PT Indonesia Weda Bay Industrial Park (IWIP), the largest nickel industrial area in Indonesia located in Weda, Central Halmahera, North Maluku (Malut), will provide training to 17 thousand workers to improve their skills. From 2019 to 2022, the total participants who took part in this training reached 17,358 people, with various types of heavy equipment skills including excavator, wheel loader, dump truck, and welder training. Currently, the participants who are undergoing training number approximately 800 people. Public Relations of PT IWIP Bilal Sau said, this training program is AN effort by PT IWIP in preparing a ready workforce in the industrial world. The hope, continued Bilal, is that the labor force in North Maluku can be optimally absorbed, that way the unemployment rate can also be minimized. "For this training, we prioritize the people of North Maluku, but it is possible that from outside they can also join. During the training, we also provide accommodation and consumption for training participants," bilal said in a written statement, Monday (3/10/2022). Bilal revealed that at the beginning of this year, the Central Statistics Agency (BPS) released the unemployment rate in Central Halmahera which had decreased. "These participants will attend the training within a certain period of time. At the end of the day, participants will take the exam, and if they are declared to have passed, they can immediately be contracted to become employees of PT IWIP," he added. One of the heavy equipment training participants, Risal Abdullah said, had attended the excavator training for one month and two days. Risal admitted that instead of applying as a general worker, he intended to attend training. Although he knew that during the training he was not yet under contract so he had not earned a salary. "It doesn't matter (not getting a salary yet), because I really want to study first. Later, if you have better skills, you will be better," he said.Source: https://www.msn.com/id-id/ekonomi/ekonomi/kawasan-industri-nikel-terbesar-di-indonesia-bakal-berikan-pelatihan-kepada-17-ribu-pekerja/ar-AA12xQ6e
News
05 Oct 2022, 09:00 AM

Far East Gold intercepts quartz vein at Woyla project in Indonesia

smallcaps.com.au
3070 Views
Far East Gold (ASX: FEG) has achieved the first success of its maiden diamond drill program aimed at testing the resource potential of the Anak Perak epithermal vein system of the Woyla copper-gold project in Indonesia.The first two holes of the planned 18-hole program at Woyla have been completed, and have intercepted the quartz vein of the Anak Perak Main Zone.For the first time in its history, the Woyla copper-gold project can now be drilled over its entire strike length after the Indonesian Government, earlier this month, issued a decree which allows drilling of the entire 13,000m of defined strike – something previous explorers had never managed to achieve.As a result of the decree, Far East can now drill in the forest-designated section of the project.The company says it is encouraged by initial observations of the core samples from the first two holes, which were testing the Anak Perak vein between 50m and 100m vertical depth from surface.Similar signs as other high-grade epithermal depositsThe drill core contained dark grey sulphide-rich zones and other geological indicators of mineralisation.These included ginguro banding, the significance of which is that it is a common feature with epithermal vein deposits, such as Gosowong in Indonesia, previously owned by Newcrest Mining (ASX: NCM), and Hishikari in Japan owned by Sumitomo Metal Mining.Gosowong contained 6 million ounces of gold and grades between 20 grams per tonne and 40g/t, while Hishikari has 8Moz at between 30-40gt.Woyla is located in the Aceh region at the northern tip of Sumatra and covers 24,260 hectares.In Far East’s opinion Woyla “is one of the most highly prospective, undrilled copper gold projects in South East Asia.”Far East holds a 51% stake in Woyla, which will increase to 80% upon completion of the feasibility statement and definition of a maiden JORC resource estimate.A second drill rig is now on site.Source: https://smallcaps.com.au/far-east-gold-intercepts-quartz-vein-woyla-project-indonesia/
News
05 Oct 2022, 08:30 AM

Largest In History, Indonesia Coal Export to Europe

www.cnbcindonesia.com
4478 Views
The first largest in history, coal exports from Indonesia to Europe reached a fantastic amount. The Indonesian Coal Mining Association (APBI) noted that Indonesia's coal exports to Europe reached up to 3.5 million tons to 4 million tons until October 2022. As is known, Europe is indeed in need of coal raw materials for its country's electricity energy needs in the midst of the energy crisis that is sweeping the European Union countries. Coal from Indonesia became a substitution for European imports when these countries imposed economic sanctions in the form of stopping coal from Russia, which was their mainstay. Executive Director of APBI, Hendra Sinadia said, referring to unofficial data, until October 2022, there were already nearly 4 million tons of coal to be shipped to several countries in Europe. Hendra said, compared to previous years, the volume of Indonesian coal exports to Europe is usually less than 1 million tons per year. "Of course, there is a significant increase in the number. This is not an official figure yet, if indeed the amount (4 million tons) is the largest (in history)," explained Hendra, on Tuesday (4/9/2022). Hendra cannot say for sure which European countries order coal from Indonesia. What is clear is that the news obtained by Hendra, Indonesia's coal exports to European countries were sent to Poland, the Netherlands, Greece, Spain to Germany. "Exactly how much is reported to be 3.5 million tons - 4 million tons," said Hendra. State Revenues from Coal 'Exploded'The soaring prices of mining commodities have had a real impact on state revenues, including Non-Tax State Revenues (PNBP). The realization of state revenues from the mineral and coal mining sector (minerba) has now reached IDR 118.34 trillion or 279.32% of the planned 2022 revenue target of IDR 42.37 trillion. This is based on data from Minerba One Data Indonesia (MODI) of the Ministry of Energy and Mineral Resources (ESDM), as of Monday, October 3, 2022. "The 2022 state revenue plan is IDR 42.37 trillion. The realization of IDR 118.34 trillion or 279.32%," modi wrote the Ministry of Energy and Mineral Resources, quoted on Monday (03/10/2022). Of the state revenues in the mineral and coal mining sector, the majority or about 70%-80% comes from coal mining and the rest are minerals, such as nickel, copper, gold, tin, and others. The highest income occurred in July 2022, reaching IDR 12.55 trillion for the sale of mining products, then royalties of IDR 7.4 trillion, land leases (deadrent) of IDR 0.04 trillion, and other income of IDR 0.1 trillion. For September 2022, it was recorded that the sales of new mining products amounted to IDR 5.54 trillion, royalties of IDR 7.15 trillion, deadrent of IDR 0.03 trillion, and other income of IDR 0.03 trillion. Nevertheless, the September data is still potentially updated. As is known, coal prices have skyrocketed since the beginning of this year, especially when the Russo-Ukrainian War broke out on February 24, 2022. The price of coal had reached its peak on September 5, 2022 of US$ 463.75. Although it has decreased afterwards, the price of coal is still holding above US$ 400 per ton. In the last trade last week, Friday (30/9/2022), the price of the November contract coal in the Ice Newcastle market closed at US$ 407.7 per ton. The price fell 0.38%. However, this week coal prices are expected to still move in the lower range of US $ 400 per ton. Bank Mandiri Industry Analyst Ahmad Zuhdi estimates that coal prices will move in the range of US $ 410 per ton. For the record, coal prices have never left the level of US $ 400 per ton since August 12, 2022. "Looking at the sentiment, it turns out that it is still strong and coal is still said to be the cheapest energy, we see that it will still be above US $ 400 per ton, the deepest around US $ 410," Zuhdi told CNBC Indonesia. Source: https://www.cnbcindonesia.com/news/20221004092442-4-376984/terbesar-dalam-sejarah-ekspor-batu-bara-ri-berlayar-ke-eropa

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