COAL prices are likely to remain high in the near term, as supply is squeezed by sanctions imposed on Russian coal in response to the nation’s invasion of Ukraine, Maybank said in a Monday (Jul 4) report. With a tight supply and shortage of alternative producers, many importers of coal will set their sights on Indonesian coal, the report said. It re-initiated coverage of Indonesia’s coal mining sector with a neutral view, however, on the expectations of long-term moderation in coal prices.Maybank analyst Richard Suherman noted that Russia is a major supplier of coal, producing the equivalent of 4.2 per cent of the world’s coal and exporting 16 per cent of the world’s total coal imports in 2021. The European Union, which gets more than 40 per cent of its coal imports from Russia, announced plans to fully ban the import of Russian coal and other solid fuels by mid-August this year; the United Kingdom plans to do this by the end of the year.The world’s third and fourth largest coal importers, Japan and Korea, have also moved to reduce reliance on Russian coal, with more countries expected to follow suit. Given the current tight supply of energy in the market, replacing the coal supply chain may prove more difficult than anticipated, Suherman added.Together with the difficulty in sourcing coal from alternative producers, global prices look likely to remain high in the near term, serving as a boon to Indonesian coal companies, who Maybank says have confirmed that inquiries from Europe have increased in recent months. However, Maybank cautioned that the high coal prices are unsustainable, in view of the expected economic slowdown and rising supply from China and India.Demand from China, which accounts for 52 per cent of global coal consumption, is expected to normalise. Coal demand is also expected to ease as surging commodity prices and inflation push central banks to tighten monetary policy, dampening economic growth. “The World Bank now expects the global economy to experience its sharpest deceleration following an initial recovery from global recession in 2020,” Suherman said. He added that China and India, the top two coal consumers in the world, will also be ramping up their own production of coal, prompted by power crunches in the beginning of the year. In the long term, this will flood the market with supply, moderating coal prices in coming years. Stricter climate change action and increased expansion of and transition to renewable energy, encouraged by high energy prices, will prompt a steady fall in coal prices, Suherman said. “We believe coal prices will start to come down in 2H22 before gradually easing towards our long-term price assumption of US$80/t (S$111.66/t).”Source: https://www.businesstimes.com.sg/companies-markets/russia-sanctions-provide-price-support-for-indonesia-coal-plays-maybank

BUMN Mining Industry Holding MIND ID or Mining Industry Indonesia, which consists of PT ANTAM Tbk, PT Bukit Asam Tbk, PT Freeport Indonesia, PT Inalum (Persero), and PT Timah Tbk visited the British electric vehicle manufacturer ARRIVAL Ltd. The parties met to explore potential supply solutions, including Battery & Aluminum and also discussed design and development electric vehicle.The meeting was attended by the Managing Director of MIND ID, Hendi Prio Santoso and the Founder & CEO of ARRIVAL, Denis Sverdlov on 20 May 2022 in the UK. The event was also attended by the Deputy Minister of SOEs Pahala Nugraha Mansury and the Indonesian Ambassador to the UK HE. Desra Believe.This initiation is part of MIND ID's efforts to explore the development of commercial electric micro-battery factories in Indonesia and Southeast Asia. The President Director of MIND ID, Hendi Prio Santoso, said that MIND ID has three mandates from the government, namely managing reserves and strategic resources, downstreaming, and having market leadership which is realized through optimization of mineral commodities and business expansion."This collaboration will expand the potential for developing the company's new portfolio in the long term, especially in the field of developing the electric vehicle ecosystem in Indonesia," he said, Monday (4/7). ARRIVAL continues to improve its supply chain and develop strategic initiatives to secure the raw materials needed to meet the global demand for electric vehicles.Using the microfactory method , ARRIVAL revolutionizes the traditional approach to vehicle production by eliminating shipping costs and maximizing added value through local product design and production. This is at the heart of the potential collaboration with MIND ID in Southeast Asia. As a shareholder of Indonesia Battery Corporation (IBC), MIND ID continues to seek new opportunities to develop the electric vehicle battery ecosystem. This is a manifestation of MIND ID's strategic plan, a potential strategic alliance for new downstream business expansion and capability development and portfolio optimization.With this potential collaboration, it is hoped that MIND ID and Inalum Operating will have a role in the future in the ARRIVAL Aluminum Supply Chain. MIND ID together with IBC as the Global Supply Chain for Battery, welcome the opportunity to conduct research and discuss the potential for joint commercial development of electric vehicle products for developing countries that can be carried out in Indonesia.Source: https://kumparan.com/kumparanbisnis/mind-id-jajaki-aliansi-baru-untuk-pengembangan-bisnis-kendaraan-listrik-1yOg6LWGXBB/full

PT Batutua Tambang Abadi (BTA), a subsidiary of PT Merdeka Copper Gold Tbk (MDKA), channelled out capital investment worth IDR 376.86 billion to PT Hamparan Logistik Nusantara (HLN). Said transaction took place earlier last week (30/6), involving the purchase of 292,907 shares issued by HLN.In the information disclosure quoted Monday (4/7), Adi Adriansyah Sjoekri, Corporate Secretary of Merdeka Copper Gold, revealed that the investment consisted of the acquisition of 292,907 shares worth IDR 292.90 billion and an agio of IDR 83.96 billion. “After the transaction, BTA gains 55.3% of HLN’s entire issued shares,” Sjoekri added.According to Sjoekri, this transaction is categorised as an affiliate transaction as BTA and HLN are both under MDKA, with an ownership percentage of 99.50% and 55.67% each, respectively. For the record, the total of this transaction, amounting to IDR 376.86 billion, does not exceed 20% of MDKA’s equity reported in December 2021, which reached USD 779.41 million. Source: https://www.idnfinancials.com/news/43557/bta-idr-hln

PT Agincourt Resources (PTAR), the manager of the Martabe Gold Mine, continues to aim for a GREEN rating for the PROPER assessment through improving the quality of environmental management and biodiversity. To achieve this, PTAR has made various efforts to increase PROPER achievements from BLUE to GREEN, including controlling air and water pollution, managing toxic hazardous waste (B3), potential damage to mining areas, waste management, B3 material management, management non-B3 waste, as well as reducing greenhouse gas emissions.PTAR Deputy General Manager Operations, Wira Dharma Putra, said PTAR supports the government's program to reduce 29% of greenhouse gas (GHG) emissions on its own and 41% of emissions GHGs with international support by 2030. PTAR will also carry out its commitment to support the government's efforts towards net zero emission and comply with government regulations related to energy efficiency and GHG emission reduction."The goal of PTAR going forward is to get a GREEN PROPER and we hope to achieve this by increasing the focus on biodiversity conservation and energy projects, as well as reducing greenhouse gas emissions," said Wira. Most recently, PTAR held an Environment Day seminar with the theme “Energy Efficiency Strategy and Reducing Greenhouse Gas Emissions” on 27 June 2022 online and an online seminar “Towards a Green PROPER for the Earth's Future” on 29 June 2022 in Medan.The two seminar themes in the context of World Environment Day are in line with the commitment and spirit of sustainable development which is the basic principle of PTAR in carrying out its operations. The seminar was attended by the North Sumatra Environmental Service (DLH), North Sumatra Energy and Mineral Resources (ESDM) Office, South Tapanuli DLH, and a number of mining companies.In managing the environment and biodiversity, PTAR follows and implements all aspects of Good Mining Practice in accordance with applicable regulations. PTAR has also collaborated in the fields of education, science, research, and biodiversity conservation with several universities, including the Bogor Agricultural Institute (IPB), National University (Unas) Jakarta, North Sumatra University (USU), South Tapanuli Muhammadiyah University (UMTS). ), and Aufa Royhan University in Padang Sidempuan.Activities that have been carried out include surveying the composition and diversity of flora and fauna in Batangtoru as well as Pre-Land Clearing Fauna Inspection training with forestry experts from the USU Faculty of Forestry.  On a regular basis, the Integrated Team together with the PTAR Department of Environment monitor the quality of the residual water by taking water samples from the Batangtoru River.Fulfillment of the quality of the residual water from the Martabe Gold Mine process according to the quality standard based on the Decree of the Minister of the Environment No. 202/2004 concerning Wastewater Quality Standards for Gold and/or Copper Ore Mining Business and/or Activities, as well as Minister of Environment and Forestry Regulation No. P.68/MENLHK/Setjen/Kum.1/8/2016 concerning Domestic Wastewater Quality Standards. In the Martabe Gold Mine area, PTAR has a nursery facility to assist the Reclamation Program in the final land area by providing supplies of native Batangtoru tree species.“We continue to ensure that every tree we plant is the best seed and we will take care of it regularly. Every year, a team from the Ministry of Energy and Mineral Resources reviews and assesses the success rate of reclamation plant growth and the overall condition of the area to ensure that our company's reclamation and revegetation activities are carried out properly," said Wira. To date, PTAR has planted more than 41,000 tree seedlings, while the number of local plant seeds prepared at the nursery facility is more than 5,000 seedlings.The Head of North Sumatra DLH, Tengku Dianingrum, said that PROPER was needed to remind the commitment of business actors in managing the environment in order to achieve a sustainable environment. PROPER is also needed to improve the arrangement in controlling environmental impacts around the mine site and encourage the realization of sustainable environmental development. “Environmental restoration aims to preserve the environment, which is our collective work. We must have a mindset to contribute to realizing net zero emissions. So what needs to be done is to use alternative fuels with lower carbon emissions, such as biomass and biofuels,” said Tengku.  The North Sumatra Department of Energy and Mineral Resources expressed a positive appreciation for PTAR. Head of the Mineral and Coal Division of the North Sumatra ESDM Office, Budi Batubara, said PTAR is the only gold commodity metal mineral mining business that is already producing in North Sumatra and has made a significant contribution. Throughout 2021, PTAR contributed 96% of the total non-tax state revenue (PNBP) for mining.Source: https://kliksumut.com/targetkan-proper-hijau-pengelolaan-lingkungan-berkelanjutan-terus-dipacu-pt-agincourt-resources/

The increase in the prices of a number of commodities and the improving economy this year have boosted the performance of the heavy equipment industry. No doubt, the demand for heavy equipment will also increase in 2022. As a result, PT United Tractors Tbk ( UNTR ) reaped blessings from this. Now, this subsidiary of PT Astra International ( ASII ) has also chosen to hoist the heavy equipment sales target until the end of the year.United Tractors management decided to raise the sales target of Komatsu brand heavy equipment from the previous 3,700 units to 4,800 units for 2022. This latest projection has gone through a series of joint reviews between United Tractors as the distributor and the principal as the manufacturer of heavy equipment in order to increase production."So, of course everything has been prepared. The sector that has the potential to absorb our heavy equipment is still the mining sector," said United Tractors Corporate Secretary Sara K. Loebis, Friday (1/7). For information, in the first 5 months of 2022, Komatsu's heavy equipment sales reached 2,400 units or shot up 123.04% year on year (yoy). In the January-May 2021 period, sales of Komatsu UNTR heavy equipment were only 1,076 units. On a year to date (ytd) basis, Komatsu's heavy equipment market share in January-May 2022 was recorded at 28%.Of the total 2,400 units of heavy equipment sold by United Tractors, 62% of them are intended for the mining sector, 11% for the forestry sector, 17% for the construction sector, and 10% for the agribusiness sector. Regarding the challenge of limited raw materials or components for the manufacture of heavy equipment, Sara briefly explained that United Tractors' principal of heavy equipment always tries to have several sources to meet the needs of these components. This is part of the anticipation so that the supply of heavy equipment to United Tractors customers is maintained.Just so you know, United Tractors sells various types of Komatsu heavy equipment from Japan. These include Backhoe Loaders, Bulldozers, Forwarders, Hydraulic Excavators, Motor Graders, Off Highway Dump Trucks, Wheel Dozers, and Wheel Loaders. United Tractors' distribution network of heavy equipment sales spreads from Sumatra, Java, Kalimantan, Sulawesi, to Papua.Source: https://industri.kontan.co.id/news/permintaan-alat-berat-menggeliat-united-tractors-kerek-target-penjualan-di-tahun-ini

The state-owned mining company PT Mining Industry Indonesia ( MIND ID ) is testing the use of artificial intelligence (AI)-based technology and machine learning to optimize mineral exploration activities. The technology is called "Geologging" . President Director of MIND ID, Hendi Prio Santoso said that the digital application developed by the Safepedia team will be used by all MIND ID members consisting of PT Aneka Tambang (Antam), PT Bukit Asam, PT Freeport Indonesia, PT Inalum, and PT Timah.Hendi hopes that the application of AI technology can increase the effectiveness of exploration among MIND ID members. The company continues to innovate in every operational activity to optimize the management of mineral resources and reserves. MIND ID Relies on Three Strategies "The company continues to encourage the birth of ideas and innovations that make the mining industry's business processes more efficient, effective, environmentally friendly and sustainable," Hendi said in a press release, quoted Tuesday (28/6).Advertisement Geologging has three features, namely safety inspection , drilling process and core photos equipped with artificial intelligence technology. MIND ID hopes that the Geologging application will become a problem solver for efficiency and optimization of exploration activities for MIND ID members. Geologging trials were carried out at Antam's exploration activities in the gold mining business unit in West Java. This application can speed up and calculate samples of drilled rock (core) such as Rock Quality Designation (RQD), and Core Recovery . Hendi explained that the implementation of the pilot program carried out in Antam's operational areas focused on three things. One, field adjustments in the Geologging application according to the needs of officers in the field. Two, the collaboration of AI features on Geologging with Antam's digital logging application "Rinda Emas" ." Trial and error is needed considering that the use of AI in Core Logging or in the exploration business process is still very minimal," continued Hendi. The Rinda Emas Antam application was developed from the background of the risk of data recording errors (typo errors) , the lack of technology to support efficiency in the exploration world, and the lack of optimization in data collection for digital exploration activities. The collaboration between Rinda Emas and Geologging is expected to minimize input errors, increase efficiency by streamlining the data collecting process and improve the quality and standardization of geological data and drilling activity data. "The collaboration between Rinda Emas and Geologging is expected to contribute to the efficiency and effectiveness of Antam's exploration activities," said Hendi.Source: https://katadata.co.id/happyfajrian/berita/62ba8acde3681/mind-id-ujicoba-teknologi-kecerdasan-buatan-untuk-eksplorasi-mineral

PT Aneka Tambang Tbk (ANTAM; IDX: ANTM; ASX: ATM) member of Mining Industry Indonesia (MIND ID) - the State-Owned Enterprise Holding of the Mining Industry Indonesia, announced that the Company is received appreciation in the Corporate Social Responsibility (CSR) and Sustainable Village Development (PDB) Awards 2022. ANTAM received two awards, the Gold rating for the Integrated Coconut Industry Development Program in North Maluku and the Silver rating for the Community-Based Post-Mining Reclamation Program (Mamalam) in West Kalimantan. The award was handed over directly by the Vice President of the Republic of Indonesia, Prof. Dr. K. H. Ma'ruf Amin, to ANTAM's President Director, Nico Kanter, on June 23, 2022, in Jakarta.ANTAM's President Director, Nico Kanter, said:"As a sustainable company, ANTAM always strives to present CSR programs that have a direct impact on the economy and the growth of the community around the operational areas. ANTAM's success in achieving the 2022 CSR & PDB Awards is an acknowledgment of the Company's CSR program. This is proof of ANTAM's contribution to realizing sustainable villages around the Company's operational areas, particularly in the North Maluku Nickel Mining Business Unit and West Kalimantan Bauxite Mining Business Unit."The Integrated Coconut Industry Development Program implemented at North Maluku Nickel Mining Business Unit and the Mamalam Program implemented at West Kalimantan Bauxite Mining Business Unit apply the Creating Shared Value and Creating New Value approaches to build a prosperous, independent, and sustainable society.The integrated Coconut Industry Development Program utilizes the potential of the coconut plant to address the sustainability challenges faced by the community and the Company. Through this program, the farmer who initially only processed coconut into black copra were able to take advantage of other potentials from coir, shells, and other parts of the coconut plant so that they could increase income and create jobs and business opportunities. This program can also benefit the Company by using coconet products for reclamation purposes at a more efficient price.The Mamalam program was implemented at the West Kalimantan Bauxite Mining Business Unit to maximize community involvement in post-mining land reclamation activities, especially for the provision of seeds and planting. This program has also succeeded in developing integrated agriculture and supplying agricultural products as food for employees at the West Kalimantan Bauxite Mining Business Unit and also for the surrounding community.The CSR & PDB Awards 2022 are organized by the Indonesian Social Sustainability Forum (ISSF) and the Ministry of Villages, Development of Disadvantaged Regions, and Transmigration, which aim to encourage and synergize the participation of the business world, Regional Government, and other stakeholders in accelerating village development through the development of Village-Owned Enterprises and other CSR activities.The program assessment is carried out independently by experts and the Ministry of Villages, Development of Disadvantaged Regions, and Transmigration. There were 88 programs from 64 companies that took part in the assessment, of which 22 programs received a Gold rating, 53 programs received a Silver rating, and 13 programs received a Bronze rating.AttachmentsOriginal LinkOriginal DocumentPermalinksource: https://www.marketscreener.com/quote/stock/PT-ANEKA-TAMBANG-TBK-6491640/news/PT-Aneka-Tambang-Tbk-ANTAM-Receives-Two-CSR-PDB-Awards-2022-40840282/

Mining services company, PT Putra Perkasa Abadi (PPA) received a new contract from PT Halmahera Sukses Mineral (HSM) to manage a nickel mine in Weda, Central Halmahera, North Maluku. The commitment lasts for five years or will expire in 2027."The strength of the company's business allows us to continue looking for new contracts, if before 2021 PPA only works on coal projects, now we have 2 nickel projects that we manage," said the person in charge of operations (PJO) for the PPA site HMS, Ufo Mahendra. in his statement, quoted on Tuesday (28/6).PPA management representative, Arif Rahman said that PPA will always give optimal efforts to achieve production with the principles of good availability, reliability and durability of heavy equipment. "This is supported by the best physical availability, reliability and durability of the tool. Therefore, this opportunity we also synergize with United Tractor as a distributor of the tools we use to make this happen," said Arif.With this principle, said Arif, last year PPA received an award from United Tractor as The Most Fleet Purchase . "Considering that we are premium customers from UT, in 2021 we will receive the Most Fleet Purchase award from UT," he said.Under this contract, PPA will provide mining services such as stripping, nickel mining, and rental of heavy equipment at the HSM mine site. For information, the form of synergy between the two companies is marked by the First Cut Ceremonial which also marks the start of nickel commodity production operations which will be held on Saturday (25/6).Source: https://www.tambang.co.id/digandeng-hsm-ppa-bakal-kelola-tambang-nikel-di-halmahera-tengah

The mining contractor issuer of the Northstar Group, PT Delta Dunia Makmur Tbk. ( DOID ) targets revenues in 2022 to reach Rp1.3 billion-US$1.5 billion or around Rp18.85 trillion-Rp21.75 trillion. DOID management in the public expose said that it targets revenues of US$1.3 billion-US$1.5 billion in 2022, up from US$911 million in 2021. As of March 2022, DOID posted revenues of US$332 million, up 108 percent year on year. (YoY). "Estimated Ebitda in 2022 is US$320-US$380 million," the management wrote, quoted on Monday (27/6/2022). Also Read: Northstar DOID Group Wins Mining Contract of IDR 3.25 Trillion in Australia As of March 2022, DOID recorded an Ebitda of US$70 million, with an Ebitda margin of 23.9 percent. In 2021, DOID's Ebitda realization will reach US$234 million. DOID allocates capital expenditure of US$150 million-US$200 million in 2022. These funds are to support a number of operational performances.By 2022, DOID is targeting a 480 million-565 million bank cubic meter (BCM) overburden removal. Meanwhile, the coal production target is 74 million-86 million tons by 2022. Also Read: Delta Dunia (DOID) Buyback Shares, Budget Rp473.55 Billion In 2021, DOID will strip 326 million BCM of soil, and 124 million BCM as of March 2022. Coal production in 2021 will reach 54 million tons, and 18 million tons as of March 2022.Source: https://market.bisnis.com/read/20220627/192/1548405/delta-dunia-doid-targetkan-pendapatan-rp2175-triliun-pada-2022

Thiess has been awarded a life-of-mine contract to provide mining, rehabilitation and port management services by PT Kapuas Tunggal Persada and PT Tempirai Inti Energi in Central Kalimantan, Indonesia. Thiess will operate the adjacent Kapuas Tunggal Persada (KTP) and Global Bara Mandiri (GBM) mines and will deliver turnkey operations, including mine design and planning, drill and blast, overburden removal, load and haul, asset maintenance and management, haul road maintenance, water management, rehabilitation and port operations.Commencing from July 2022, with revenue of AUS$1.7 billion over eight years, this contract marks Thiess’ return to Central Kalimantan. Thiess Executive Chair and CEO, Michael Wright, said: “We’re excited to work on this great opportunity with a client who shares the same passion for sustainable mining practices and outcomes as we do.“This contract is an opportunity for us to continue our record of delivering excellence for our clients in Indonesia, with a clear focus on safe and responsible mining and industry leading rehabilitation.” Thiess Executive General Manager Asia, Cluny Randell, added: “This contract is recognition of our team’s ability to deliver long-term performance and productivity gains for clients.“We look forward to working together with our client and the local communities to deliver long-term social, environmental and economic value.”Source: https://www.worldcoal.com/coal/27062022/thiess-awarded-aus17-billion-contract/