A subsidiary of PT Bumi Resources Minerals Tbk (BRMS), namely PT Citra Palu Minerals (CPM), received positive drilling results from its gold mining project in the Poboya Block (Block 1), Palu, Sulawesi.CPM has discovered additional mineral resources from the Palu project. This makes the total mineral resources increase from the previous 17.8 million tons to 21.7 million tons, with an average gold grade of 2.4 g/t.Furthermore, the mineral resources in the Poboya Block (Block 1) were also successfully increased to a total mineral reserve of 14.2 million tons of ore with a grade of 2.4 g/t Au. Previously, CPM had mineral reserves of 8.5 million tons of ore.Agus Projosasmito, President Director of BRMS, said that the addition of mineral resources and mineral reserves will extend the production life of the BRMS gold mine project in Palu. "This is expected to add value to shareholders," Agus explained in an official statement submitted to Kontan.co.id, Monday (29/8). Agus added that the construction work of the second gold factory owned by BRRMS in Palu was going quite well. He hopes the factory can start operating in the fourth quarter of 2022 in order to increase BRMS gold production.Source: https://investasi.kontan.co.id/news/bumi-resources-minerals-brms-laporkan-kenaikan-jumlah-sumber-daya-mineral-di-palu

PT Aneka Tambang Tbk or Antam is still in the process of joint studies with partners, covering aspects of capacity, time, and location for the details of the EV Battery project to be developed. Antam's Corporate Secretary, Syarif Faisal Alkadrie, in his statement on Monday, said that the scope of projects carried out by Antam and its strategic partners includes nickel mining and nickel ore processing, which will then be used to produce battery raw materials, manufacture batteries, and recycle batteries."With these strategic steps, it is hoped that they can support the company's vision and mission in becoming a leading global corporation, increasing TKDN, and providing maximum benefits for the community," said Faisal.Antam also recorded Zero Fatality achievement on the implementation of OHS Principles during the first semester of 2022.He said the company continues to carry out its commitment to implement sustainable growth by implementing best practices in every line of operation, always being careful in looking at market opportunities, planning exploration activities aggressively, effectively. , and market-based."Antam's compliance with mining practices and good governance has been proven by the achievement of important milestones during 2022," he said.One of them is the recording of Zero Fatality achievements on the application of OHS Principles during the First Semester of 2022.Not only that, Antam received awards in the field of Corporate Governance, namely the BUMN Award and the IICD Corporate Governance Award. Antam also won awards in the field of Corporate Social Responsibility, namely the BCOMSS Award and the CSR & PDB Award.PT Aneka Tambang Tbk or Antam continues to innovate in running its business with a focus on increasing product value added, optimizing production and sales levels, as well as implementing appropriate and efficient cost management strategies, in maximizing yields from nickel, gold and bauxite commodities.In relation to the company's business development, in 2022, Antam has signed a power purchase agreement for the Ferronickel Smelter in Haltim with PLN, and signed a Memorandum of Understanding (MoU) with PLN for electricity supply at ANTAM's Ferronickel Plant in Pomalaa, Southeast Sulawesi using New and Renewable Energy (EBT) based power plants."In addition, we will also spin-off some nickel mining business segments to subsidiaries that have been approved by shareholders through the EGMS on August 23. Previously, we also signed cooperation with several strategic partners related to nickel downstreaming and industrial estate development. between Antam and CNGR," continued Faisal.Source: https://sultra.antaranews.com/berita/426821/pt-antam-studi-bersama-mitra-kembangkan-proyek-ev-battery

PT Bukit Asam Tbk (PTBA) recorded a net profit of IDR 6.2 trillion in the first half of 2022, soaring as high as 246% compared to the number recorded in H1 2021.PTBA’s recent profit surge in H1 2022 mirrored its revenue that grew 79% year-on-year (yoy) to IDR 18.4 trillion. For comparison, in H1 2021, PTBA collected revenue of IDR 10.29 trillion.“This triumphant achievement was also supported by the company’s operational activities that have been solid throughout the first half. Highlighting cost leadership in every business line, we implemented the utmost sustainable efficiency,” Apollonius Andwie, Corporate Secretary of PTBA, explained in the official press release.In H1 2022, PTBA’s coal production volume reached 15.9 million tons, 20% yoy higher. Meanwhile, its sales volume also climbed 13% yoy to 14.6 million tons.For the record, PTBA had set the coal production volume target to 36.41 million tons by the end of this year. Therefore, the company had met 43.7% of said target until the end of the first half of 2022.Source: https://www.idnfinancials.com/news/44110/bukit-asam-scored-idr-profit-coal-demands

PT Adaro Minerals Tbk (ADMR), a coal mining company under PT Adaro Energy Indonesia Tbk (ADRO), recorded a net profit of USD 204.11 million at the end of the first half of 2022.ADMR’s net profit in H1 2022 proliferated almost 500% compared to the number seen in the same period in 2021. In H1 2021, the company only managed to bring in profit of USD 34.53 million.Christian Ariano Rachmat, President Director of ADMR, believed that the satisfactory net profit performance in H1 2022 resulted from the increases in demand and the average selling price (ASP). “We detected a peaking interest in cokes, allowing the sales in H1 2022 to climb 9% year-on-year (yoy),” he added in the official press release.Rachmat also mentioned that ADMR is currently dealing with the slowing down of manufacturing and construction activities. This decrease will probably drag the demand of metallurgical coal down. Thankfully, the company’s performance still aligns with the 2022 production target.“We are on a right track to attain the production target of 2.8 to 3.3 million tons in 2022,” Rachmat added.Throughout H1 2022, ADMR’s production volume reached 1.53 million tons, shifting 7% yoy, while its sales volume was recorded at 1.28 million tons, moving 9% yoy.Source: https://www.idnfinancials.com/news/44109/adaro-minerals-profit-surge-hit-yoy-h

Sales of Komatsu heavy equipment owned by PT United Tractors Tbk ( UNTR ) are still growing steadily. During the first seven months of 2022,  this Kompas100 Index constituent recorded sales of 3,399 heavy equipment units.This figure is up 117.32% from the realization of sales in the same period last year which was only 1,564 units Sales were still dominated by the mining sector, which reached 62% of total sales, followed by the construction sector at 18%. Then, sales to the forestry sector are 11% and the agribusiness sector is 9% of total sales.-ADVERTISEMENT-In July 2022 alone, this subsidiary of PT Astra International Tbk ( ASII ) sold 526 units of heavy equipment. This number is up 11.20% from sales in June 2022 of 473 Komatsu units. When compared to the same period last year, sales in July 2022 rose 159.11%, where sales in July 2021 only reached 203 units.Previously, UNTR decided to raise Komatsu's sales target for heavy equipment this year. UNTR increased sales to 4,800 units from the previous 3,700 units. United Tractors Corporate Secretary Sara K. Loebis said the upward revision of the target was based on the results of discussions with the principal and also the results of market analysis. "We have adjusted our sales projections while still monitoring market movements until the end of the year," said Sara. Sara said that the ability of producers/principals to produce tools certainly cannot be accelerated quickly, but gradually. "That's why our projections need to be adjusted to the principal's ability," he continued.This means, in the first seven months of 2022, UNTR has realized 70.8% of this year's heavy equipment sales target.Meanwhile, UNTR has used capital expenditure or capital expenditure (capex) of IDR 3.1 trillion until the first half of this year. The capex absorption is equivalent to US$ 209 million of the total capital expenditure prepared for this year of US$ 750 million-US$ 800 million.BRI analyst Danareksa Sekuritas Ignatius Teguh Prayoga said demand for heavy equipment remains solid, but there is a backlog from the supply side . Given the solid demand for heavy equipment, Prayoga assesses that an upward revision of the sales target is still possible if the supply side recovers.Recently, UNTR through PT Energia Prima Nusantara or EPN officially added its share ownership in PT Arkora Hydro Tbk (ARKO), the operator of the Mini Hydro Power Plant (PLTM). The total value of the purchase transaction reached Rp 176.5 billion, so that the total ownership of the Astra Group through UNTR in ARKO increased to 31.49%.BRI Danareksa Sekuritas assesses that the investment value per potential relative capacity made by UNTR is relatively cheap at US$ 1.77 million per megawatt (MW) compared to the PLTM guidelines provided by the Ministry of Energy and Mineral Resources of US$ 2 million per MW. BRI Danareksa Sekuritas maintains a buy recommendation with a target price of Rp 39,500 from the previous Rp 34,000.Meanwhile, NH Korindo Sekuritas Indonesia analyst Arief Machrus recommends buying UNTR shares with a target price of Rp 38,000. NH Korindo Sekuritas sees the increase in consumer companies' energy commodity production targets will keep the demand for UNTR heavy equipment high.Source: https://industri.kontan.co.id/news/united-tractors-untr-catat-kenaikan-penjualan-alat-berat-11732-per-juli-2022

PT Merdeka Copper Gold Tbk (MDKA) has channelled a working capital credit worth USD 60 million to PT Merdeka Tsingshan Indonesia (MTI).Adi Adriansyah Sjoekri, Corporate Secretary of Merdeka Copper Gold, claimed that the interest rate attached to the credit facility is set to 3-months LIBOR + 5% per annum. “The tenor will be five years, since the agreement was signed yesterday (23/8),” he mentioned in the information disclosure quoted Friday (26/8).MTI is a controlled group owned by MDKA through PT Batutua Pelita Investment (BPI) with an ownership percentage of 79.99% of the entire issued and paid-up capital worth IDR 1.26 trillion. Another 20% of the shares belong to Wealthy Source Holding Limited.The transaction value arrives below 20% of MDKA’s total equity recorded in March 2022 of USD 895.22 million. Its total assets clocked up to USD 1.76 billion, while its liabilities amounted to USD 872.52 million.Source: https://www.idnfinancials.com/news/44096/merdeka-tsingshan-granted-loan

The significant carbon footprint of Indonesia's burgeoning nickel processing industry is under scrutiny as the country leverages its hefty supplies of the element crucial to the making of EV batteries, though moves toward renewables are picking up.The Southeast Asian nation holds the world's largest nickel reserves and over the next several years is expected to provide most of the new nickel supply needed by the globe's booming electric vehicle industry. Nickel processing projects are mostly led by Chinese players including stainless steel giant Tsingshan and battery maker Contemporary Amperex Technology (CATL).While EVs bring hope for less pollution, processing nickel in Indonesia remains carbon-intensive, according to participants at Nickel Summit 2022, a two-day industry conference that kicked off Wednesday in Jakarta."In Indonesia ... the carbon per kilowatt-hour of power generation is much higher than most of the rest of the world," said Andrew Digges, Asia partner at global law firm Norton Rose Fulbright. "If we compare to Canada ... Indonesia will, by 2030, produce about eight or nine times as much carbon per kilowatt-hour of electricity as Canada will."Indonesia's reserves are in the form of laterite ore, which requires more processing to become Class 1, or battery grade, nickel, than does the sulfide ore found mostly in Canada, Russia and Australia. Sulfide resources are now depleted, but laterite is abundant, giving Indonesia pole position in future EV development.Laterite has also been found in the Philippines and New Caledonia.Digges said Indonesia has multiple high-pressure acid-leaching (HPAL) projects that are being considered, are under construction or are already running that could produce battery-grade nickel from laterite ore. One is in the Indonesia Morowali Industrial Park, a giant nickel industrial complex controlled by Tsingshan on Sulawesi Island. Indonesia's Harita Group runs another on Obi Island.Digges said HPAL projects generally have "a tricky track record" that includes higher carbon content and waste disposal problems.Tsingshan's plan to convert nickel pig iron (NPI) into nickel matte -- which is further refined into battery-grade products -- is "also a highly energy-intensive procedure," Digges said. Also derived from laterite, NPI is a feedstock in stainless steel production and has been the focus of the Morowali operations before the more recent move toward batteries.Major nickel processing operations on Sulawesi and the island of Halmahera are also heavily reliant on coal.According to data from the International Energy Agency last year cited by Digges, sulfide resource processing produces approximately 10 tonnes of carbon dioxide equivalent per tonne of nickel. Greenhouse gas emissions are nearly twice that volume in laterite processing using HPAL technology, and roughly six times when converting NPI into nickel matte.Steven Brown, an independent nickel consultant, said outsize carbon footprints are not the only environmental problem in Indonesia's nickel industry. He cited large swaths of deforestation around nickel mines and often-toxic sediment flowing to coastlines that harm biodiversity in tropical rainforests as well as marine life."We can see that the energy transition depends on batteries, batteries depend on nickel and nickel growth depends on Indonesia," Brown told the conference. "However, the ESG risk in Indonesia is perceived to be higher than in other places around the world."But efforts are increasing to replace coal with renewables to power major nickel processing operations.Simon Milroy, president director of Indonesian miner Merdeka Copper Gold, said his company is jointly developing the Indonesia Konawe Industrial Park with Tsingshan, with plans to build a hydropower plant and "very large scale solar" plant to power it. Located not far from the Morowali project on Sulawesi, the upcoming nickel industrial complex will focus on HPAL plants.The Indonesia Weda Bay Industrial Park (IWIP), a joint venture between Tsingshan and French mining giant Eramet, is planning to develop a 1-gigawatt solar plant in addition to coal-fired ones, according to Wahyu Budi Santoso, IWIP's general manager for external relations. Located on Halmahera, the complex already produces ferronickel, commonly used in stainless steel manufacturing, and is currently developing HPAL and nickel matte facilities targeted to go online in the next few years.Regarding those plans, Tsingshan last year said it was committed to building at least 2 gigawatts of solar and wind energy projects at Morowali and Weda Bay in three to five years."The completion of the project will result in the significant use of clean, renewable energy to power raw material production in Tsingshan's industrial parks, truly realizing the objective of reducing carbon emissions to zero," it said.Industry players also have high hopes for a planned green industrial park in North Kalimantan Province, on Borneo island. The Indonesian government has been pushing for the park's development as part of its zero carbon by 2060 pledge, promising investors up to 23 gigawatts of potential hydropower from big rivers running through the province. Plans for the hydro power plants have been hit with delays.Meanwhile, the Indonesian government is reportedly mulling a progressive tax on exports of some nickel products. Brown, the consultant, suggested that if such a tax is imposed that it be based on carbon intensity so that higher carbon-emitting projects are taxed at a higher rate. He also urged the government to proceed with its carbon tax plan, which was supposed to take effect earlier this year, and include the nickel industry in it."That way," he said, "the government would be able to drive for a cleaner type of nickel production."And Digges of Norton Rose Fulbright said the IEA itself is clear in its report "that even based on the current carbon content of nickel going into these batteries, they are much more carbon efficient than internal combustion engines. So we still want to go down that path, but we can just go a lot further."Source: https://asia.nikkei.com/Business/Markets/Commodities/Indonesia-s-high-carbon-nickel-key-challenge-in-global-EV-uptake

heNewswire - Baru Gold Corp. (TSXV:BARU) (OTC:BARUF) (“Baru” or the “Company”) wishes to affirm its ownership rights of the Sangihe Gold Project in response to recent media reports of the Indonesian government revoking mining permits in the country and provides information on a lawsuit recently filed in Indonesia by the Company’s subsidiary PT Tambang Mas Sangihe (“TMS”).Ownership Rights of TMSIndonesia’s Investment Minister Bahlil Lahadalia recently announced the Investment Ministry (the “Ministry”) had revoked 2,065 permits covering more than 3.1 million hectares (7.66 million acres) of land across the country to tighten the sector’s governance and land redistribution. This follows Indonesian President Joko Widodo’s decree in January 2022 ordering thousands of mining, plantation and forest-use permits be revoked due to non-compliance or inactivity. The action being taken by the Ministry has no impact on Baru or its operations.Baru’s permits and licences have not been revoked and remain valid. Baru is compliant in all respects, with the AMDAL (environmental) assessment and Indonesian feasibility study. Most recently, the Company secured its operation and export licence for the mine site.The Company continues to conduct its daily activities at the site and on the island. The Company continues to generate jobs, hiring locals to fill these positions. Construction is underway on the heap leach pad and a drilling program has been planned. The Company does not anticipate its permits or licences will be affected by the Ministry’s mandate.Concerned stakeholders and investors are invited to contact the Company directly at info@barugold.com or kevin@jeminicapital.com for accurate information regarding the Sangihe Gold Project.Lawsuit Filed by TMSThe Company also wishes to provide information on a recent lawsuit filed by its subsidiary, TMS. The lawsuit has no connection to the ownership rights above.On August 24, 2022, TMS filed a lawsuit in Jakarta against multiple parties including President Joko Widodo; the Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan; National Police Chief Listyo Sigit Prabowo; Minister of Law and Human Rights Yasonna H. Laoly, Komnas HAM; Regent of Sangihe Islands; Mardi Posumah; Grace Kapal; Sonny Posungulah; and Andri Mailoor. TMS is seeking damages to compensate for material losses amounting to US$37 million and Rp. 31.9 billion; and immaterial losses of Rp. 1 trillion.Baru Gold CEO, Terry Filbert, commented, “TMS holds a valid production/operation licence which has the legal right to explore, construct, and produce gold on the island of Sangihe. To clarify, the island is approximately 71,000 ha and our licence for exploration covers 42,000 ha. TMS has applied to have the exploration area reduced to 25,000 ha. Our exploration activities have been conducted on less than 10% of our licenced area and construction has commenced on a small 65 ha parcel. Our construction activities have been continually delayed by a group supported by illegal miners, whose numbers have  expanded significantly since the re-start of operations on the island. TMS has received little to no support from the local police or government departments for operational activities or to ensure the safety of our employees and suppliers. Inadequate effort has been made by local officials to close the illegal mining operations on the island. Despite these obstacles, TMS continues to move ahead with its planned activities. Although this lawsuit does not affect our daily operations at the Sangihe Gold Project, we hope it will draw attention to the situation so action can be taken and TMS can be compensated for the economic losses it has incurred.”Source: https://www.juniorminingnetwork.com/junior-miner-news/press-releases/2203-tsx-venture/baru/126909-baru-gold-affirms-land-ownership-of-the-sangihe-island-gold-mine-project-contract-of-work-and-provides-information-on-lawsuit-filed-by-tms.html

PT. Putra Perkasa Abadi (PT. PPA) has became the first company in Indonesia to incorporate Immersive Technologies’ PRO5 Advanced Equipment Simulator technology, with the first two of four units commissioned in the PPA office at the PT Multi Harapan Utama mine site.Launched at MINExpo 2021, the PRO5 Advanced Equipment Simulator set a new benchmark in realism, reliability and training value for operator training technology, according to Immersive.A commissioning celebration and handover was carried out by Edwin Trisnohadi, Regional Vice President Immersive Technologies Asia & Indonesia region, and Director of PT. PPA, R. Teguh Sapto Subroto. Also present at the event were Sunaryo, Head of PPA Academy, and Teddy Ramdani, Customer Support Manager of PT. United Tractors, Tbk.Equipped with a professional-grade visual system, the PRO5 is the first mining simulator to combine stereoscopic 3D, a one-piece curved display, photo-realistic graphics and RealView™ head tracking technology, according to Immersive. It delivers realism at a level not previously seen by the mining industry, according to the company, with these advancements helping new and experienced mining equipment operators develop competencies at a rapid pace, while maintaining high levels of learning retention.Previously, in order to improve the competence of newly graduated workers, PPA’s only option was on-iron training. This takes extra time and also has safety risks. Now, these novice “green” workers can develop psychomotor skills and learn critical behaviors in a safe, simulated environment, while also reducing fuel consumption, according to the company.PPA is a mining contractor, which, in recent years, has recorded significant growth to become the third largest contractor in the Indonesian mining industry.The speed of growth requires an investment in the workforce and training tools to become more effective and efficient and to prepare personnel to become mine-ready. This year, PPA is targeting an additional 100 million bank cubic metres (BCM) above last year’s 267 million BCM. In order to achieve this target, an additional 3,200-3,500 operators are needed. The company also needs an additional 1,500-2,000 mechanics. PPA targets an addition of 150 million BCM next year, with another circa-6,000 mechanics and operators needed to support this.To onboard 6,000 workers, PPA can no longer rely on outdated training techniques.R. Teguh Sapto Subroto said: “Simulators will help us to develop personnel at a safe and steady pace, independently of disruptions such as weather conditions. We need this technology.”Before arriving at the decision to buy four PRO5 platforms, PPA had made an in-depth study of simulation vendors and related solutions, according to Subroto. This involved proof of concept product testing from Immersive Technologies.“The biggest challenge in workforce development is to rapidly develop quality talent with the skills to be safe and productive,” Subroto said. “If you recruit well, you will compete with others, but skill levels may remain 30% below ideal. To produce a quality workforce, you need the right tool that make humans more efficient and effective.”The simulators will later be managed by the PPA Academy.Ramdani said that this latest PRO5 simulator has only been available to the market for a short period of time and PPA incorporated it rapidly because of the value it could bring. “Hopefully it can help PT. PPA in building worker competencies, especially for operators,” he said. “PPA recorded the highest growth in the industry which must be balanced with the quality of qualified workforce.”Trisnohadi explained: “This level of realism and reliability will help companies produce quality workforces and significant return on investment. Our goal is to help PPA in obtaining a world-class workforce, which ultimately would result in greater operational efficiency.“This PRO5 simulator is the cutting-edge product from Immersive Technologies with the latest evolution of display systems. It is a combination of seamless curve screen with stereoscopic 3D technology which provides unmatched training value and highest levels of learning.”Source: https://im-mining.com/2022/08/18/pt-putra-perkasa-abadi-starts-training-operators-with-immersive-pro5-simulator/

Vale says it has become the first major mining company to test 100% electric 72-tonne trucks, with the trial of the XCMG Mining Machinery Co. Ltd vehicles at its Brazil and Indonesia operations.The trial of the vehicles represent another step in the electrification of the company’s assets, it said, which is part of its wider plans to operate with net zero carbon emissions by 2050.The first electric trucks to be used by a global mining company, tested at Água Limpa, in Minas Gerais, and Sorowako, in Indonesia, emit no CO2, replacing diesel with electricity from renewable sources. They also reduce noise, which minimises the impacts on the communities that live near the operations.The equipment was produced by XCMG Mining Machinery Co. Ltd., a subsidiary of Xuzhou Construction Machinery Group Co. Ltd, the largest machine manufacturer in China.Last year, Vale signed an MoU with XCMG Construction Machinery Limited, a subsidiary of XCMG, for the potential supply of mining and infrastructure equipment, including zero-emission and autonomous equipment.The 72-t electric off-highway trucks, model XDR80TE, are part of the Vale PowerShift program. Their batteries are able to store 525 kWh, allowing them to operate for up to 36 cycles along the established route, just over a day of operations, without the need to stop and recharge, and with the possibility of regenerating energy during descents, reducing the use of mechanical brakes, maintenance work and vibration, in addition to providing more operational comfort to drivers. The machine has temperature control technology, which allows it to adapt to high temperature, humidity and rainy working conditions, and to perform even in extremely cold, high altitude and harsh weather conditions.Alexandre Pereira, Executive Vice President of Global Business Solutions at Vale, said: “To us, this partnership with XCMG is another important step in our long-term relationship with China and towards more sustainable mining. Our goal is to expand, together with global partners, the development and co-creation of technologies that respect the environment and zero out emissions.”Dr. Hanson Liu, the Vice President of XCMG Machinery and General Manager of XCMG Import & Export Co., said: “XCMG and Vale have reached a consensus on the green development concept of dedicating to low-carbon mining and realising net zero emissions. The delivery of XCMG’s latest pure electric mining truck, XDR80TE, at this time is a manifestation of the joint efforts of both parties on promoting global environmental protection as well as green and sustainable economic development.”Currently, emissions from off-highway trucks running on diesel represent bout 9% of Vale’s total scope 1 and 2 emissions.The Powershift program was created by Vale with the aim of replacing fossil fuels with clean sources in its operations. The program is promoting innovative solutions to electrify the company’s mines and railroads. In addition to the 100% electric truck, Vale’s strategy for the electrification of assets also includes the operation of battery-powered locomotives in the yards of the ports of Tubarão, in Vitória, and Ponta da Madeira, in São Luís. In Canada, the Powershift program has also led to tests with electrical equipment in underground mines – there are currently about 40 that are currently operational.Vale’s operational equipment electrification strategy also includes a partnership with its peers BHP and Rio Tinto. Last year, the three companies, along with 17 other mining companies, launched the Charge On Innovation Challenge, a global open innovation challenge with the goal of finding innovative solutions to accelerate the safe charging of batteries for future electric off-highway trucks.Source: https://im-mining.com/2022/08/18/xcmg-72-t-battery-electric-trucks-start-up-at-vale-operations/