Coal is still the prima donna for the world's energy needs and for pumping the economy to industry. With the need for energy that continues to increase every year, coal still plays an important role and is considered to be able to continue to grow.Director of PT Bumi Resources Tbk (BUMI) Dileep Srivastava said that even though it was needed, there were still many misunderstandings about coal. Now the demand for black gold is soaring and is accompanied by a fantastic price increase. "This is an industry that is often misunderstood and requires a lot of support, whether from the government, investors, or institutional banks, considering this is a situation when it's just entering the post-pandemic era and trying to develop the economy," Dileep told CNBC Indonesia recently.Coal is still the prima donna for the world's energy needs and for pumping the economy to industry. With the need for energy that continues to increase every year, coal still plays an important role and is considered to be able to continue to grow.Director of PT Bumi Resources Tbk (BUMI) Dileep Srivastava said that even though it was needed, there were still many misunderstandings about coal. Now the demand for black gold is soaring and is accompanied by a fantastic price increase. "This is an industry that is often misunderstood and requires a lot of support, whether from the government, investors, or institutional banks, considering this is a situation when it's just entering the post-pandemic era and trying to develop the economy," Dileep told CNBC Indonesia recently.Coal is still the prima donna for the world's energy needs and for pumping the economy to industry. With the need for energy that continues to increase every year, coal still plays an important role and is considered to be able to continue to grow. Director of PT Bumi Resources Tbk (BUMI) Dileep Srivastava said that even though it was needed, there were still many misunderstandings about coal. Now the demand for black gold is soaring and is accompanied by a fantastic price increase."This is an industry that is often misunderstood and requires a lot of support, whether from the government, investors, or institutional banks, considering this is a situation when it's just entering the post-pandemic era and trying to develop the economy," Dileep told CNBC Indonesia recently.Source: https://www.cnbcindonesia.com/market/20220906163959-17-369789/bumi-bicara-masa-depan-bisnis-batu-bara-masih-menjanjikan

PT Golden Eagle Energy Tbk ( SMMT ) will increase coal production for the second half of this year.SMMT Corporate Secretary Susanti Nilam explained that the planned production increase was carried out in line with the positive performance that was successfully recorded by Golden Eagle Energy in the first semester of 2022."The production in the first half was around 1.5 million tons. The company managed to exceed the production target set at the beginning of the year, especially the Sumatra mine which managed to record production of around 1.2 million tons in the first semester of 2022," Susanti explained to Kontan.co.id , Tuesday (6/9).Susanti continued, with this production score, SMMT is also optimistic that production in the second half of 2022 will match the achievement in the first half of this year. This means that this year's coal production target is 3 million tons. For this reason, SMMT has also submitted a revision of the 2022 Work Plan and Budget (RKAB) to increase the amount of production.Kontan.co.id noted that SMMT targets coal production to reach 2.4 million tons this year. Meanwhile, in the revised RKAB that has been proposed, SMMT targets a production increase of at least 35% from the initial target. Susanti explained, in the rest of this year, Golden Eagle is still anticipating the impact of high rainfall in production activities."SMMT also anticipates a surge in production costs, especially due to the high price of diesel fuel to date and also the increase in royalty rates to the government which will be effective in September 2022," Susanti explained.Referring to the company's financial report, SMMT posted sales of Rp 474.69 billion in the first semester of 2022. This achievement jumped 162.43% on an annual basis from the achievement of the same period in the previous year of Rp 180.87 billion.Meanwhile, SMMT's net profit in the first semester of 2022 was recorded at Rp 189 billion, or an annual increase of 328.77% compared to the same period in the previous year of Rp 44.08 billion.Source:https://industri.kontan.co.id/news/golden-eagle-energy-smmt-bakal-kerek-produksi-batubara

French mining and metallurgical company Eramet will build a smelter for electric vehicle batteries at the Sonic Bay Project, located in Halmahera, North Maluku. The project, which is in partnership with the German chemical company BASF, plans to adopt High Pressure Acid Leaching (HPAL) technology.CEO of PT Eramet Indonesia Mining, Bruno Faour, explained that in addition to focusing on the HPAL project, his party is also aiming to invest in exploring new mining areas or green fields in Indonesia. According to him, Indonesia is a major player in the mining sector in the world, and is one of the largest countries in the extractive sector."In the future we will develop investment in Indonesia. We partnered with BASF to build HPAL to supply the electric vehicle industry. We also see opportunities, we are looking for several potential exploration targets," said Faour in Jakarta, Tuesday (6/9).So far, Eramet has a business portfolio in Indonesia through PT Weda Bay Nickel (WBN), in collaboration with PT Antam Tbk and Tsingshan Group. Eramet started exploration in Halmahera with Antam in 2006. Then in 2017, conducted a joint venture with Tsingshan.During WBN's journey, Eramet was recorded to have disbursed an investment of USD 300 million from 2006 to 2015. The investment was for exploration, development studies, and community development in North Maluku. “Eramet has invested in the mining sector since 2006, and has developed a nickel mine in Weda Bay. We partner with Tsingshan and Antam,” explained Faour.As for the Sonic Bay Project, which adopts HPAL technology, it is targeted to complete licensing matters and reach a final investment decision this year. Then, enter the construction phase next year. Projections for production operations are announced in 2025. Its production capacity is estimated at 67 thousand tons of nickel and 7,500 tons of cobalt per year. The investment value is estimated at USD 2.2 billion to 2.6 billionSource: https://www.tambang.co.id/bakal-bangun-hpal-eramet-bidik-eksplorasi-tambang-baru

Listed miner Vale Indonesia, one of the country's largest nickel producers, said on Tuesday it had signed an investment agreement with China's Shandong Xinhai Technology, a unit of Baowu Steel Group, to develop a ferronickel processing plant in Sulawesi. The plant would cost around $2.1 billion and have the capacity to produce ferronickel with 73,000 to 80,000 tons of nickel content a year at Bahodopi in Morowali, Central Sulawesi.Febriany Eddy, Vale Indonesia's chief executive officer (CEO), expected the new plant construction would finish in 2025 at the latest. Under the agreement, Vale and Shandong Xinhai would establish a new joint venture (JV) with the former controlling 49 percent, Bernardus Irmanto, the Vale Indonesia's finance director, said. Taiyuan Iron & Steel (Tisco), a Shandong Xinhai's and Baowu's subsidiary, would together control the reminder 51 percent.He noted that the partners were also discussing the possibility of adding a stainless steel plant in the future. Wang Wenlong, Shandong Xinhai chairman, said the Bahodopi project would be Indonesia's first nickel plant to be powered by liquefied natural gas.In Pomalaa, another area on Sulawesi Island, Vale and its partners are developing a plant to produce 120,000 tonnes per year of mixed hydroxide deposits, a material extracted from nickel ore to be used in batteries for electric vehicles (EVs).Vale Indonesia controls the Sorowako mine, Indonesia's largest nickel mine, located in South Sulawesi. The mine produced 71.600 metric tons of nickel in 2020, according to the GlobalData mining database. Vale Indonesia said with the installed facility today, the mine could operate until 2045.Source: https://jakartaglobe.id/business/vale-indonesia-inks-21b-ferronickel-project-deal-with-chinas-baowu-steel

PT ABM Investama Tbk (ABMM) expects its performance to continue to pick up following the surge in its net profit of 73.69%, reaching USD 95.48 million or IDR 1.36 trillion in the first half of 2022.Adrian Erlangga Sjamsul, Director of ABM Investama, believed that the financial performance in the second half of 2022 ought to rise better than the first half as the operational performance volume keeps improving. Furthermore, new pieces of equipment have reportedly been arriving to boost its operational performance.However, Sjamsul is reluctant to specify the profit and revenue target of ABMM by the end of this year. “I cannot disclose [the number]. All in all, the volume will be bigger than the first half of 2022,” he reaffirmed, as quoted by Bisnis yesterday (5/9).In the first half of 2022, ABMM managed to record a significant increase of 73.69% in its net profit, bringing it to USD 95.48 million or IDR 1.36 trillion from the initial USD 54.97 million or IDR 785.29 billion in the first half of 2021.Source: https://www.idnfinancials.com/news/44196/abmm-wishes-performance-h

PT ABM Investama Tbk ( ABMM ) targets the acquisition of 30% of PT Golden Energy Mines Tbk ( GEMS ) shares to be completed next week."We are targeting that next week we will complete it entirely," said Director of PT ABM Investama Tbk Adrian Erlangga to Kontan.co.id, Monday (5/9). Adrian continued, one of the considerations for the acquisition is the long-term cooperation that has been carried out with GEMS so far.In addition, ABMM is noted to have an end- to-end integrated supporting business . With the acquisition of GEMS shares, it is hoped that performance improvements can be realized. "We got a mine-life contract for all of our operational areas," explained Adrian.Adrian has not been able to specify how much performance improvement can be obtained after this acquisition. It is clear that the increase in GEMS production is believed to be able to boost ABMM's performance. Adrian continued, for this year his party will not carry out other corporate actions. However, for the coming years, ABMM still opens opportunities for corporate action in the non-coal mining sector.Kontan noted that ABMM through its subsidiary PT Radhika Jananta Raya (RJR) realized the purchase of a 30% stake in PT Golden Energy Mines Tbk (GEMS) with a value of US$ 420 million. Source: https://industri.kontan.co.id/news/abm-investama-abmm-targetkan-akuisisi-30-saham-golden-energy-tuntas-pekan-depan

Harita Nickel, through PT Halmahera Persada Lygend (PT HPL), became a pioneer company in Indonesia in producing the main raw material for electric vehicle batteries in the form of Mixed Hydroxide Precipitate (MHP). PTHPL, which began operating in mid-2021 on Obi Island, South Halmahera, North Maluku Province, now has a production capacity of 365 thousand WMT per year. With this production capacity, Harita Nickel is able to meet the needs of 1.5 million electric vehicle batteries in 2022 and more than 3 million vehicles in 2040. Harita Nickel's Head of External Relations, Stevi Thomas stated that PTHPL has succeeded in producing MHP by utilizing nickel limonite. low) through High Pressure Acid Leach (HPAL) technology.Previously, nickel limonite was not used because its content was very low (<1.3%) and classified as overburden. "However, this type now has strategic value and is a material that is sought after by world electric vehicle battery manufacturers," said Stevi in ​​a written press statement, Monday (1/9/2022).Stevi stated that Harita Nickel's participation in this event was to introduce Indonesia's success in the eyes of the world as a producer of MHP as well as to support climate change mitigation, namely encouraging emission reductions from the use of fossil fuel motorized vehicles in order to achieve net zero emissions and clean energy by 2020. 2060 or earlier. He added that while the government aspires to become a major world player in the electric vehicle battery industry, Harita Nickel appears to be at the forefront. "Harita Nickel is a pioneer in Indonesia, not only in processing and refining low grade nickel ore through High Pressure Acid Leach (HPAL) technology, but also taking Indonesia one step forward as a producer of electric vehicle battery raw materials that the world considers," said Stevi. Stevi revealed that in addition to optimal efforts in conserving nickel limonite minerals, the presence of HPAL technology is also able to provide other benefits in terms of providing thousands of workers, especially local workers on Obi Island, South Halmahera, as well as other economic contributions in the form of state revenue, regional development in operational areas, as well as improvement and expansion. the reach of community development and empowerment programs.Stevi further said that the application of the technology is a manifestation of the company's commitment to environmentally friendly operational practices. Likewise, the commitment to sustainability becomes the company's strategy through 3 main pillars, namely climate change, human rights, and governance."In addition to placing more than 1,000 artificial coral reefs in the waters around the operational area, Harita Nickel has also rehabilitated mangroves in South Halmahera for 2 consecutive years in an area of ​​20 hectares with a total of 47 thousand seedlings," said Stevi.Another sustainability program is the utilization of nickel slag waste from the smelter of saprolite (high grade) nickel in the form of building materials, such as bricks, paving blocks, and roof tiles. This material has been used for the construction of factory and supporting facilities internally, as well as the building of one of the state-owned banks in the region. The use of these materials has obtained a permit from the Ministry of Environment and Forestry.Source: https://industri.kontan.co.id/news/golden-eagle-energy-smmt-bakal-kerek-produksi-batubara

PT Merdeka Copper Gold Tbk (MDKA), Saratoga Group’s mining company co-owned by Edwin Soeryadjaya and Sandiaga Uno, is gearing up towards the listing of bonds worth IDR 4 trillion today (2/9). Said bonds are the final instalment of the Shelf-Registration Public Offering III program, which was initiated on December 13, 2021, with a total worth of IDR 9 trillion.Based on the information disclosure in Indonesia Stock Exchange (IDX) yesterday (1/9), MDKA confirmed the Shelf-Registration Public Offering III Phase III worth IDR 4 trillion as the final phase of the Shelf-Registration Public Offering III program of IDR 9 trillion. MDKA had previously offered Shelf-Registration Bonds III Phase I of IDR 3 trillion and Phase II of IDR 2 trillion. This time, the Phase III of IDR 4 trillion was offered from August 26 to 29, 2022.The bonds were issued without drafts, in its full value, and split into three series. Series A bonds were offered for IDR 1.47 trillion with a fixed interest rate of 5.50% per year and a tenor of 367 days. The series B bonds were worth IDR 1.72 trillion with an annual fixed interest rate of 8.25% and three-years tenor. Lastly, the series C bonds were worth IDR 797.64 billion, equipped with a fixed interest rate of 9.50% per annum and a tenor of five years.The interest will be paid every three months, starting with the first round of payment on December 1, 2022. The final instalment, marking the final repayment of bonds, will be scheduled for September 8, 2023, for series A, September 1, 2025, for series B, and September 1, 2027, for series C.Source: https://www.idnfinancials.com/news/44165/mdka-conclude-shelf-registration-public-offering-iii-idr

The profit of PT Timah (Persero) Tbk (TINS) had a massive upturn of 301% to IDR 1.08 trillion, mostly propelled by the increase of metal selling price in the first half of 2022. In the same period last year, its profit only peaked at IDR 270 billion.Fina Eliani, Director of Finance and Risk Management of Timah, confirmed that the average selling price of tins shifted progressively by 48% to USD 41,110 per Mton in the first half of 2022 from USD 27,858 in H1 2021. “The sales volume of tins, in fact, declined 21% from 12,523 Mton to 9.942 Mton,” she revealed.This price surge allowed TINS to post revenue of IDR 7.47 trillion in H1 2022, 27% higher than IDR 5.87 trillion recorded in H1 2021. Its operating profit also inflated 127% year-on-year (yoy) from IDR 630 billion to IDR 1.42 trillion, while its EBITDA shifted 82% yoy from IDR 1 trillion to IDR 1.9 trillion.Source: https://www.idnfinancials.com/news/44162/tin-price-skyrocketing-tins-soared-profit-surge

PT Adaro Energy Indonesia Tbk ( ADRO ) paid coal royalties to the Indonesian government of US$1.21 billion in the first half of 2022. This value increased sharply when compared to the same period in the previous year.Adaro Energy Indonesia 's President Director and Chief Executive Officer , Garibaldi Thohir, revealed that the increase in coal royalty payments from Adaro reached 315%, where in the first semester of 2021 the royalty paid was US$291 million. The increase was influenced by the increase in coal revenues."Royalties paid to the Government of Indonesia together with income tax expense in this period increased 315% to US$1,207 million from US$291 million due to an increase in revenue from coal thanks to the increase in ASP (average selling price)," Garibaldi Thohir explained , Tuesday. , August 30, 2022.For information, Adaro Energy managed to record a positive performance throughout the first half of this year. Adaro's net operating revenues grew 127% to US$3.54 billion in the first half of 2022. The company's EBITDA posted a record high of 269% to US$2.34 billion. Likewise with Adaro's net profit, the value increased sharply by 613% from US$189 million in H121 to US$1.35 billion in H122, the highest since Adaro's IPO 14 years ago."This is triggered by a combination of various factors that occurred in a short period of time, ranging from unpredictable weather which resulted in an increase in demand for our products, to supply shortages that have not been resolved due to heavy equipment procurement problems and bad weather in mining areas. global impact. The biggest impact is due to geopolitical risks from Europe," he continued. Source: https://wartaekonomi.co.id/read440097/bukan-kaleng-kaleng-royalti-batu-bara-yang-dibayar-adaro-energy-ke-pemerintah-meroket-315-jadi-us121-miliar