PT Petrosea Tbk (PTRO) officially launched the Minerva Digital Platform for a coal mining project owned by PT Indo Bara Pratama (IBP) in Kembang Janggut, Kutai Kartanegara Regency, East Kalimantan. In the IBP project, Petrosea carries out project management work, which includes implementing operational excellence and technology solutions through the Minerva Digital Platform which is Petrosea's latest digital technology solution. This work includes mining in the pit to transporting coal to the port (pit to port activity) with the principles of good mining practices. In this regard, Petrosea also plans to implement a dozer push solution in mining activities at IBP.Petrosea is the only contractor that has conducted dozer push mining in Indonesia. Project management carried out by Petrosea is a new business model by collaborating with local contractors around the mining area. Petrosea assists local contractors to improve performance in mining productivity. This is done by implementing Petrosea's processes, procedures and standards so that operational excellence runs well and production targets can be achieved. In addition, the application of digital technology also plays an important role in maintaining mining operations, from pit operations to ports. All initiatives are controlled and monitored through the Minerva Digital Platform which is supported by a real-time and accurate Fleet Management System (FMS).This FMS system, which is applied to these smaller capacity devices, is the result of Petrosea's collaboration with local Indonesian partners. These tools will accelerate corrective actions quickly and accurately, so that the production process is not disrupted. "Petrosea has started a digital transformation of its mining operations in 2018 and thanks to its success it has received recognition from the World Economic Forum as a lighthouse company. We continue to develop digitalization at Petrosea to further increase productivity in all mining projects, including the IBP project," said Petrosea's President Director, Romi Novan Indrawan was quoted on Thursday (2/3). In running its business, Petrosea is fully supported by Haji Romo (Robert) 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 which is the main shareholder of PT Petrosea Tbk.Going forward, Petrosea's strategy under the leadership of Haji Robert is to continue to diversify its business into other mineral sectors through the provision of mining and engineering, procurement & construction (EPC) services on an ongoing basis. In addition, Petrosea's long-term strategy is to reposition from a mining contractor to a mine owner in order to strengthen the company's performance and provide added value to all stakeholders in the future. The launch event for the digitalization of the IBP project was carried out online from the Remote Operations Center (ROC) located at the Petrosea-Bintaro head office, where IBP management was represented by Russel Powell as Director. Meanwhile, Petrosea's management was represented by Romi Novan Indrawan as President Director, Rafael Nitiyudo as Vice President Director and Iman Darus Hikhman as Director of Mining & Business Development. Also present at this event were the IBP operational and technical teams to witness firsthand.Source: https://www.cnnindonesia.com/ekonomi/20230302143827-97-919901/petrosea-luncurkan-digitalisasi-operasional-tambang-di-proyek-ibp

Throughout 2022, PT Indo Tambangraya Megah Tbk (ITMG), recorded net sales of US$ 3.6 billion. Indo Tambangraya's sales shot up 75 percent from the previous year of around US$ 2.07 billion. Main Director of ITMG Mulianto said the increase in sales in 2022 was driven by the average selling price of coal of US$192 per ton, an increase of 86% from the previous year of around US$103 per ton. Meanwhile, the gross profit margin rose from 44% to 52% in 2022 amid rising global fuel prices, rising royalties, and various battles and challenges throughout 2022. Along with the increase in the acquisition of the average coal price, ITMG recorded a strengthening of cash flows with EBITDA reaching US$ 1.8 billion in 2022, up 101% from the previous year. Meanwhile, net profit rose 152% to US$ 1.2 billion in 2022 from US$ 475 million in 2021."By implementing prudent cash management, Indo Tambangraya has managed to maintain an increasingly solid balance sheet," said Mulianto in an official statement, Wednesday (1/3). Until the end of December 2022, ITMG's total assets were US$ 2.6 billion with a total equity of US$ 2 billion. In line with stronger cash flow and EBITDA, ITMG also has a solid cash and cash equivalent position of US$1.4 billion. The net profit per share was recorded at US$ 1.07 per share. Mulianto said that throughout 2022, ITMG produced 16.6 million tons of coal amidst high rainfall. Meanwhile, sales volume reached 18.9 million tons, of which around 5.9 million tons were marketed to China, 4.2 million tons to India, 2.9 million tons to Japan, 1.5 million tons to the Philippines, and 1.5 million tons to India. 1.1 million tons, other countries in Asia Pacific, and Europe.Source: https://investasi.kontan.co.id/news/penjualan-indo-tambangraya-itmg-naik-75-terangkat-harga-jual-batubara

Director of HILL Jaya Angdika in a press conference at the Main Hall of the Indonesia Stock Exchange (IDX), Jakarta, Wednesday, stated he was optimistic that the company's revenue could reach IDR 6 trillion in 2023, with a net profit of IDR 700 billion to IDR 800 billion. In addition, he is optimistic that the volume of nickel mining production can reach 15 million metric tons of nickel in 2023, from as many as 9 million in 2022. HILL also targets coal and nickel mining services to be balanced, each contributing 50 percent of the company's revenue. Hillcon officially listed its initial public offering (IPO) by raising funds worth IDR 552.8 billion, almost half of which will be used to develop the nickel industry in the country.HILL issued 442.3 million new shares or 15 percent of the company's issued and fully paid-up capital, with an offering price of IDR 1,250 per share. As the world's largest nickel producer, Indonesia is predicted to produce around 1.2 million tons of nickel in 2022, equivalent to 37.5 percent of total global production. Indonesia is also the second largest stainless steel producer in the world after China. In terms of nickel reserves, Indonesia has a share of 22 percent or the equivalent of 21 million tons of metallic nickel, and is predicted to remain the largest contributor to nickel ore and nickel ore supplies in the world, with an estimated market share of 38 percent by 2024.Source: https://www.antaranews.com/berita/3419550/hillcon-targetkan-45-persen-pendapatan-dari-jasa-tambang-nikel-di-2023

PT RMK Energy Tbk (RMKE) transported 623.99 thousand tons of coal in January 2023 or an increase of 99.67% year on year (YoY). This transport volume is the highest low season achievement for the last five years. From the coal sales segment, RMKE managed to sell 135.10 thousand tons of coal in January 2023, also the highest low season coal sales volume for the last 5 years, or a sharp increase from the lowest point due to the coal export ban policy early last year. The coal sales volume reached 4.85% this year's target. Based on the operational segment, coal sales and services contributed 17.80% and 82.20% respectively.RMKE Director of Finance Vincent Saputra said that this year his party will focus on completing the hauling road project which will be integrated with several mines in Muara Enim, including the mine owned by PTBA. This hauling road will be integrated with RMKE's Mount Megang loading station so that it can support the Company's operations to provide seamless coal logistics solutions in South Sumatra. In addition, Vincent ensured that the company also continuously sees opportunities for collaboration in the energy sector to increase the volume of services and sales of coal in the future."Based on the mid-term prospects that have been released, this year RMKE targets to be able to transport 10.8 million tons of coal and sell 2.78 million tons of coal. Of the total coal sales volume, PT Truba Bara Banyu Enim (TBBE), RMKE's in-house mine, will contribute 2.1 million tons of coal," Vincent said in a press release, Wednesday (1/3). Vincent continued, his party is optimistic that it can achieve better operating performance this year in line with the latest collaboration with PTBA in South Sumatra which is now in the finalization stage.Source: https://industri.kontan.co.id/news/rmk-energy-rmke-angkut-62399-ribu-ton-batubara-pada-januari-2023

 PT Transcoal Pacific Tbk (TCPI) secured coals transportation contract worth IDR 2.57 trillion from its user in East Kalimantan.Erizal Darwin, Director of Transcoal Pacific, claimed that the coals transportation contract will be effective for five years starting from the signing date last week (24/2). “The user does not have an affiliation with the company,” he mentioned in the information disclosure quoted Tuesday (28/2).According to the Financial Report as of September 2022, TCPI’s revenue was recorded at IDR 1.3 trillion, shifting higher from IDR 1.17 trillion in 2021. The primary contributor of revenue in September 2022 was the sea transportation segment that generated IDR 1.29 trillion, followed by other segments of IDR 6.73 billion.The main users with over 10% contribution to the revenue are PT Arutmin Indonesia of IDR 706.68 billion and PT Kaltim Prima Coal (KPC) of IDR 393.19 billion. (LK/ZH).Source: https://www.idnfinancials.com/news/46141/transcoal-pacific-secure-idr-contracts

PT Timah Tbk (TINS) targets to optimize the Ausmelt Furnace Muntok Smelter Top Submerge Lance (TSL) Project within the next three years. TINS Director of Business Development Alwin Albar revealed, the ausmelt project owned by TINS is the fifth project in the world to use ausmelt technology. Alwin revealed, the existence of this project was needed to overcome the exploration challenges currently being faced by TINS. According to him, so far the mining process that has been carried out is still an alluvial mine where the processing process can be carried out with the company's smelting furnace.However, since the end of 2022, TINS has begun to find many primary mines in the form of rocks that require a different smelting process. "Today, 23% of our resources are in the form of rock at 900 thousand tons, almost 1 million tons," said Alwin at TINS Gallery, Monday (27/2). Alwin revealed, with the need for exploration in this primary mine, the presence of the Ausmelt project was urgently needed. Just so you know, the project with an investment value equivalent to IDR 1.2 trillion has a capacity of 40 thousand tons. The presence of this project is even claimed to create processing cost efficiencies of up to 25%. Director of Operations TINS Purwoko explained, the presence of the Ausmel project encouraged the company to increase production in stages to meet existing capacity requirements."In the Company's Long Term Plan (RJPP) approximately in the next three years it should reach 40 thousand tonnes," explained Purwoko on the same occasion. Purwoko continued, this year's tin ore production is targeted to increase by 35% or around 26 thousand tons. Later, for the first year stages, the utilization of the Ausmelt project is targeted at 55% then in the second year it reaches 65% and increases again in the third year. "We still have three years to pursue it," said Purwoko. Kontan noted, the construction of the TSL Ausmelt Furnace is Timah's strategy to respond to the challenges currently faced by the tin mining industry, particularly in maximizing low tin grade concentrates. With the TSL Ausmelt Furnace, it is expected to be able to process low grade tin ore concentrate starting from 40% Sn, with a production capacity of 40,000 tons of crude tin per year or 35,000 metric tons of ingots per year. Not only that, the TSL Ausmelt Furnace is claimed to be more environmentally friendly because it is equipped with a Hygienist System and Waste Water Treatment.Source: https://industri.kontan.co.id/news/timah-tins-optimalisasi-proyek-ausmelt-dalam-tiga-tahun

The PT Freeport Indonesia (PTFI) smelter project in Manyar, Gresik has now reached 54.5%. This achievement was higher than the target of 52.9% that had been approved by the government. PTFI President Director Tony Wenas revealed, according to plan, PTFI will complete the construction of the copper smelter with this single-line design at the end of December 2023 and start its operational activities at the end of May 2024 until it reaches full operation at the end of December 2024."The progress of the Manyar smelter construction is inseparable from the support of all our stakeholders, including the Indonesian Parliament as a strategic partner who always provides input and oversight of the progress of the Manyar smelter construction," said Tony in a press release, Sunday (26/2). Tony continued, the construction of the smelter is expected to provide optimal benefits for East Java. Deputy Chairman of Commission VI of the Republic of Indonesia DPR, Sarmuji, revealed that this smelter project is believed to be completed on time, even though there was a delay due to the COVID-19 pandemic."The existence of a smelter will attract new investors, especially in the downstream sector which utilizes copper cathodes, which supports the progress of Gresik and East Java getting stronger," said Sarmuji. Tony explained, in the construction of the Manyar smelter, PTFI has prioritized recruiting local East Java workers, especially the people of Gresik. In addition, PTFI also prioritizes the utilization of regional potentials to meet various operational needs for smelter construction, including consumption, transportation, and employee uniforms, to office supply. Furthermore, PTFI has invested up to US$ 1.78 billion or the equivalent of Rp. 27 trillion out of a total of US$ 3 billion or the equivalent of Rp. 45 trillion.Source: https://industri.kontan.co.id/news/proyek-smelter-freeport-mencapai-545-penyelesaian

Corrected since the beginning of the year, nickel prices are predicted to rise again. The driver for nickel prices will come from the Philippines, which has hinted at imposing an export tax on nickel. ICDX Research & Development Girta Yoga said that the positive trend in the nickel commodity will be driven by the planned export tax on raw nickel exports by the Philippines at the end of last January. In fact, the world's second largest nickel producer has the potential to completely ban exports as has been done by Indonesia. "This news has sparked concerns that it will also tighten nickel supplies on the global market," Girta told Kontan.co.id, Friday (24/2).Girta said that the nickel ore export ban imposed by the Indonesian government since the beginning of 2020 has proven successful in boosting the trend of global nickel prices to become bullish. As with other commodities, nickel price movements cannot be separated from market laws, namely supply and demand. "Disturbances in the balance of one side will also have an impact on nickel price movements," he continued.The potential for an increase in nickel prices is still considered quite large, but of course it must also be supported by positive catalysts such as the Philippines realizing plans to impose an export tax or completely banning exports of raw nickel. Also, China's economic recovery is running as expected. According to Girta, the signal for the reopening of the Chinese economy is a positive catalyst on the nickel demand side. This is because China's position as the first largest nickel importing country in the world can absorb the availability of nickel.He projects that nickel prices in the first semester of 2023 will potentially meet a resistance level in the price range of US$ 30,000 per ton – US$ 32,000 per ton. If negative catalysts are found, the price of nickel has the potential to meet a support level in the price range of US$ 23,000 per ton - US$ 21,000 per ton.Source: https://industri.kontan.co.id/news/harga-nikel-bisa-naik-lagi-karena-filipina-akan-terapkan-pajak-ekspor-nikel

PT Golden Energy Mines Tbk (GEMS) is not concerned about the potential weakening of coal commodity prices. GEMS Corporate Secretary, Sudin Sudiman confirmed, GEMS is still sticking to the production target that has been announced by the company. Meanwhile, an evaluation of the new target revision options will be carried out in the second half of the year. "Because prices cannot be controlled due to market mechanisms, management is more focused on production and sales targets," said Sudin to Kontan.co.id Monday (27/2). On a consolidated basis, GEMS has obtained approval from the Ministry of Energy and Mineral Resources (ESDM) to produce 40.3 million tons of coal based on the Work Plan and Budget (RKAB). In detail, the consolidated production plan comes from the production plan for Borneo Indobara (BIB) 36 million tons, Bara Sentosa Lestari (BSL) 2 million tons, and PT Kuansing Inti Makmur (KIM) 2.3 million tons. Later, the production results will still target the company's existing market target. "The target market remains China, India and Asean," said Sudin.Source: https://industri.kontan.co.id/news/golden-energy-mines-gems-fokus-jaga-kinerja-di-tengah-harga-batubara-yang-melandai

The Ministry of Energy and Mineral Resources (ESDM) said that as much as 80% of the Work Plans and Budgets (RKAB) of mineral and coal mining companies were rejected or returned due to a lack of administrative requirements and non-tax state revenue obligations (PNBP) had not been paid. Special Staff of the Minister of Energy and Mineral Resources for the Acceleration of Mineral and Coal Management, Irwandy Arif said, many complaints have come regarding the management of minerals and coal (minerba) which is considered not good. However, of the thousands of applications that have been submitted to Minerba, as many as 80% have been rejected or returned."The reason for being rejected or returned is because the requirements given to Minerba were incomplete so if they were returned the process would start again from scratch, that's what took a long time. There is even one permit that takes up to 6 months to process,” he explained in Bogor, Saturday (25/2). In fact, if a company submits an RKAB that meets the technical and administrative requirements, the document will be received and completed according to schedule. As a result of this problem, the Minister of Energy and Mineral Resources ordered the Directorate General of Mineral and Coal to immediately summon the management of the company concerned to explain in detail what administrative deficiencies the RKAB had submitted."The Minister of Energy and Mineral Resources ordered us if necessary to summon the companies to explain what the deficiencies are, but don't use a consultant so they will come back and forth again. Go straight to the management and complete the administrative, don't just enter 4, just enter 2," he explained. In addition to the incomplete administrative requirements, often, these companies have not paid off their PNBP obligations so they cannot get RKAB approval from the Ministry of Energy and Mineral Resources. Irwandy emphasized that currently his party has started to clean up mineral and coal governance. The Ministry of Energy and Mineral Resources also organizes counseling for business actors regarding how to complete the RKAB administrative requirements.Previously, the Director General (Dirjen) of Mineral and Coal, Ridwan Djamaluddin said, the Directorate General of Minerba's system had been attacked by hackers resulting in the approval of the 2023 Work Plan and Budget (RKAB) experiencing problems. Ridwan said the hacker attack occurred in December 2022 for 10 days and made the system not function. Then this attack continued in early January 2023 for a week, then again occurred in the third week of January and even today. "There are technical problems in our system, so some of it is done manually," he explained in a hearing with Commission VII DPR RI, Wednesday (1/2).Ridwan explained that several obstacles or reasons why the RKAB were not approved were often administrative problems. For example, the data on company management is not the same as that in Minerba One Data Indonesia (MODI) and that submitted in the RKAB. Then, the issue of environmental permits, resource data that is not verified by a competent person is currently a requirement, the production plan does not comply with the expiration date, and the completeness of supporting documents. "In principle, we apply the spirit to help companies that are constrained, we guide them to solve them," said Ridwan. In this way both parties can benefit. Companies can carry out their activities and the state gets a portion.Source: https://industri.kontan.co.id/news/80-rkab-perusahaan-minerba-ditolak-dan-dikembalikan-ini-penyebab-utamanya