Indonesian President Joko Widodo on Wednesday confirmed an export ban for bauxite starting in June next year as scheduled, to encourage domestic processing of a material used as the main ore source of aluminum.The resource-rich nation has surprised markets with its commodity exports policies, including brief but controversial bans earlier this year on shipments of palm oil and coal, of which Indonesia is the world’s biggest exporter.It is also among the world’s top suppliers of bauxite, with China its key buyer. The timing of Indonesia’s ban, however, is in line with its current mining law.The president said the bauxite ban aimed to replicate Indonesia’s success in developing its nickel processing capacity after halting exports of its raw form in January 2020, which enticed foreign investors, mostly from China, to build local smelters.The measure, which led to a dispute at the World Trade Organization (WTO), also helped boost the value of Indonesia’s exports.“The government will remain consistent in implementing downstreaming so the value add can be enjoyed domestically for the country’s development and people’s welfare,” said Widodo, who is popularly known as Jokowi, emphasizing the importance of jobs creation.China was the biggest importer of Indonesia’s bauxite until Jakarta introduced a mineral export ban in 2014, which it lifted in 2017.According to Wen Xianjun, a former head of the aluminum department at the China Nonferrous Metals Industry Association, Indonesia’s 2014 ban prompted China to boost its efforts to develop aluminum resources in Africa instead.“Compared with then, China’s imports of bauxite are more diversified now,” Wen said.China imported 17.8 million tonnes of Indonesian bauxite in 2021, and 17.98 million tonnes in the first 11 months this year, about 15.6% of its total imports, according to customs data.The three-month aluminum futures contract on the London Metal Exchange rose 0.6% at $2,386.50 a tonne by 0530 GMT, while the most-traded aluminum contract on the Shanghai Futures Exchange was up 0.2% to 18,595 yuan a tonne.The announcement by Indonesia is not expected to have significant impact on prices.“It won’t cause any major supply headwind as Indonesia now only accounts for a relatively small share of China’s supply, Guinea and Australia will immediately make up the lost volume (after the ban),” an aluminum trader at a large trading house in China said.Indonesia has four bauxite processing facilities with 4.3 million tonnes of alumina output capacity, while more are under construction with collective capacity of nearly 5 million tonnes, said chief economic minister Airlangga Hartarto.Indonesia’s bauxite reserves are enough for up to 100 years production, he said.The country’s mining law also states exports of other unprocessed minerals such as copper will also be stopped. Jokowi did not specify the timing of shipment bans on the other materials.He said there was a possibility that legal action could be pursued against Indonesia for banning bauxite exports, but it would not deter him. The WTO last month ruled in favour of the European Union in a dispute on nickel ore exports, which Indonesia is appealing.Image source: Russian Presidential Executive Office, Wikimedia CommonsSource: https://www.mining.com/web/indonesia-confirms-bauxite-export-ban-to-proceed-as-scheduled/

Mining and logistics company RMK Energy and coal miner Bukit Asam on Friday signed an agreement on the logistical support for the latter’s 2.5 million tons of coal starting in 2023.RMKE represented by subsidiary Royaltama Mulia Kencana will build a hauling road from Bukit Asam’s mining sites and provide railway transport, loading and unloading services, stockpile services, and loading and transshipment to the mother vessel, the company said in a statement.“The collaboration between RMKE and Bukit Asam is a fine-tuner to our synergy with [state-run railway company] KAI in implementing the seamless coal transportation in South Sumatra,” RMKE Chief Executive Officer Tony Saputra said. “RMKE’s logistical solution which has been integrated with the KAI railroad networks allows Bukit Asam to optimize [productivity] from its abundant resources, making this agreement mutually beneficial to all the three parties,” he added.Tony stressed that the company remains in full support of the government’s zero emissions targets and renewable energy programs but post-pandemic challenges and the current geopolitical situation have put many countries on the brink of an energy crisis that requires urgent solution for energy security and boosts demands for coal until the global economy recovers to the pre-pandemic levels.RMKE has targeted to transport 20 million tons of coal under collaboration with other mining firms and sell 5 million of its own coal annually.Prior to the agreement signing with RMKE, Bukit Asam reached a deal with KAI to transport 20 million tons of coal a year from Tanjung Enim to Keramasan in South Sumatra. The railroad is set to be operational in the fourth quarter of 2024.Another railroad heading to Perajen Port is being built with a capacity of 20 million tons, expected to be completed in 2026.It’s hard to define the core business of RMKE because nearly 80 percent of revenue is generated from coal sales but the company’s infrastructural backbone has been coal logistics.While the Indonesia Stock Exchange puts RMKE into the group of energy stocks, the company describes itself as "the largest coal logistic provider in South Sumatra".RMKE has earned a reputation as the only private mining company to build its own railway system to carry coal from mining sites in South Sumatra jungles to the nearest port when most other companies depend on the government for that service.The biggest problem in Indonesia’s coal mining is that “we can hardly bring them out”, RMKE Finance Director Vincent Saputra told the Jakarta Globe in a recent interview. That led to the idea of building its own railroads that may open opportunities for logistics businesses serving fellow miners in the province.RMK Energy Finance Director Vincent Saputra shows the location of the company s operations in South Sumatra during a visit to B-Universe newsroom in Jakarta on November 30, 2022. (Joanito De Saojoao)RMK Energy Finance Director Vincent Saputra shows the location of the company s operations in South Sumatra during a visit to B-Universe newsroom in Jakarta on November 30, 2022. (Joanito De Saojoao)In 2014, RMKE executives met with Ignasius Jonan, then the president director of state-run railway company Kereta Api Indonesia (KAI), to propose the construction of railroads in Muara Enim, South Sumatra.After securing KAI support, RMKE began to search steel rails and it's lucky for them that a discontinued Russian railway project in Kalimantan provided exactly what they needed, Vincent said.The new railroad, spanning around 10 kilometers, was completed in just two years and even Jonan was surprised. The railway is jointly operated by KAI which provides carriages and manpower and RMKE which loads and unloads coals from in-house and third-party's mining.Image source: RMKESource: https://jakartaglobe.id/business/rmk-energy-bukit-asam-sign-coal-transport-agreement

PT Golden Eagle Energy Tbk (SMMT) targets an increase in coal sales by 15-20% in 2023. The increase in demand is expected to come from Asian markets. Meanwhile, this year's production target is expected to reach the target.President Director of Golden Eagle Roza Permana Putra said that the company is optimistic about achieving the production target of 3 million tons of coal this year. This is supported by the success of producing 2.44 million tons until September 2022. Last year, the company's production volume was around 2.04 million tons."The company's coal production until September 2022 comes from 75% of mining business permits (IUP) in Sumatra. While the rest is from IUP in Kalimantan," said Roza in his statement, Friday (12/16/2022).He said that the achievement of annual financial and operational performance in 2022 has exceeded the target set at the beginning of the year. From the financial side, sales and net profit have soared by 119% and 139%, respectively. As a result, the cash flow obtained from operating activities increased to Rp 285 billion.Regarding capital expenditure (capex), he said, it was allocated IDR 25 billion in 2023. The capex figure is greater, compared to the previous year.Image source: PT Golden Eagle Energy Tbk.Source: https://investor.id/market-and-corporate/316621/golden-eagle-smmt-bidik-kenaikan-volume-penjualan-20-di-2023

In a turbulent year marred by global monetary tightening, recession fears, and a war in Ukraine, a mining stock in Indonesia is proving to be the world’s best performer with a whopping 1,595% rally.Shares of PT Adaro Minerals Indonesia have moved sideways since sliding from a peak in April, but are still handsomely beating peers in the 2,803-member Bloomberg World Index — delivering more than double the returns of runner-up Turkish Airlines.Adaro has seen its share price skyrocket since a Jan. 3 debut in Jakarta, catapulting from 100 rupiah to 2,990 rupiah in just over three months before a downshift took hold. It closed at 1,695 rupiah on Wednesday, with a market cap of about $4.5 billion.While the stock’s fortune has been closely tied to global coal prices, analysts see more gains thanks to Adaro’s strategy to use its windfall profit to diversify into aluminum and battery making for electric vehicles.The company reported a 482% jump in net profit in the nine months through September as its average selling price more than doubled and coal sales volume jumped 41%. Forecasts from five analysts compiled by Bloomberg suggest another 42% upside in stock prices over the next 12 months.Adaro’s price-to-book ratio at about 9.4 is near its lowest since listing, according to Bloomberg-compiled data, though it’s about six times higher than domestic peers including PT Bukit Asam and PT Indo Tambangraya Megah. China’s Shanxi Coking Coal Energy Group Co. and Australia’s Whitehaven Coal Ltd. — both of which produce coking coal — have ratios at about 2.Image source: Adaro EnergySource: https://www.mining.com/web/indonesian-miner-is-worlds-biggest-stock-winner-of-2022/

Indonesian Mining Industry Holding – MIND ID together with MIND ID Members, namely PT INALUM (Persero) signed an MOU with the Indonesian Army Retired Association or PPAD as a form of collaboration in inalum's land utilization in North Sumatra. The signing took place at MIND ID's head office in South Jakarta on December 16, 2022.Director of Operations and Portfolio of MIND ID - PT INALUM (Persero) Danny Praditya said that this collaboration is one of the real steps in making productive lands owned by the MIND ID Group, in order to provide more sustainable benefits for the community and the environment."This land use is certainly synergized with INALUM's environmental sustainability program, as well as a momentum for improving the social economy, and strengthening the empowerment of retired Army personnel. This MOU is one of the means to increase INALUM's productivity in realizing the Vision to Become a Leading Global Company Based on Integrated and Environmentally Friendly Aluminum. As well as bringing broad benefits to all stakeholders," said Danny.The signing was held today, Friday, December 16, 2022, at the INALUM Jakarta Office, between the Director of Operations and Production of PT INALUM (Persero), Mr. Danny Praditya and the Secretary General of PPAD, Mr. Dr. (C) Komaruddin S, S.IP, M.Sc. Land utilization is located in North Sumatra Province, which includes the areas of Toba Regency, Asahan Regency, Simalungun Regency, and Batu Bara RegencyMIND ID continues to emphasize the implementation of operational excellence in all operational lines of the MIND ID Group, one of which encourages the optimization of the use of productive lands owned by the MIND ID Group.The Association of Retired Army Soldiers (PPAD) is a forum for retired Army officers who are tasked with fostering unity and unity, integrity of members as entrepreneurship, improving social solidarity and family welfare and together with the Army actively participating in filling independence through nation building in order to maintain the establishment of the Unitary State of the Republic of Indonesia.Image source: Dok: MIND IDSource: https://www.suara.com/bisnis/2022/12/16/205207/mind-id-dorong-pt-inalum-persero-lakukan-kolaborasi-untuk-kelola-lahan-produktif-di-sumatera-utara

At the end of 2022, PT United Tractors Tbk (UNTR), or UT signed a Memorandum of Understanding (MoU) with the Bogor Agricultural University (IPB) at the IPB Campus Forest Park, Bogor Regency, West Java, Thursday (12/15/2022). The signing of this MoU is related to cooperation in implementing biodiversity programs to reduce carbon emissions (carbon set-off).Head of Corporate Sustainability and Governance of United Tractors, Sara K. Loebis revealed, through this collaboration, UT and IPB are committed to implementing a biodiversity program to create a carbon sequestration mechanism to achieve UT's carbon emission reduction target by 2030.Reducing carbon emissions, part of the company's target in implementing sustainable business principles through the implementation of environmental, social, governance (ESG) aspects. In this program, ESG implementation is under UT's CSR pillar for the environment, namely UTREES (United Tractors for Nature and Environment Sustainability)."This collaboration is one of the milestones for UT to make a real contribution to the environment around the company's operational area. UT and IPB with their respective advantages are committed to exchanging knowledge and technology to jointly support the government's target of achieving net zero emissions by 2060," said Sara K. Loebis.The main program outlined in the MoU between UT and IPB is the conservation of 20 hectares of IPB campus forests, with reforestation of 15,000 trees. In addition, until 2026, UT targets this collaboration to be able to provide a sustainable environmental impact by preparing other programs.Starting from basic calculations for reducing carbon emissions, improving facilities in the IPB campus forest environment, conservation of flora and fauna including protected fauna breeding. Among them, Timor Deer which currently number 19 and Bali Starlings which number 6, to the development of edu-ecotourism areas.In addition, United Tractors also pays attention to the welfare and economic sustainability of the surrounding community by developing economic programs through the involvement of farmer groups in the care and management of fruit tree planting products carried out this year, so as to provide added value from the economic side for the community."I think this support from Dr UT is indispensable. There is a Folu Net Sink 2030 target that needs to be achieved by the government with the support of all parties including the private sector. Later, IPB will register UT with the National Registration System (SRN) so that UT can claim the amount of carbon emissions that have been successfully suppressed in this program," Dodik Ridho Nurrochmat.Dodik Ridho Nurrochmat added, in this collaboration, IPB will play a role in caring for trees to calculate the baseline and the amount of carbon emission reduction obtained. From the current baseline calculation, 15,000 trees from UT are targeted to reduce the carbon emission burden between 1,200 and 2,400 tons of carbon within 5 to 10 years with a land area of 20 hectares.As a form of compliance, this collaboration program also receives direct supervision from the Bogor Region 1 Natural Resources Conservation Agency (BKSDA). Head of BKSDA Bogor, Lana Sari said that the government needs more similar programs coming from the private sector to be able to help the government realize the net zero emission target.The collaboration between UT and IPB supported by the Karya Bakti United Tractors Foundation (YKBUT) is realized by planting trees in the forest area of the IPB campus. There are seven types of trees planted: Meranti, Honey Jackfruit, Pearl Guava, Matoa, Rambutan Binjai, Kemang, and Red Guava. These seven types of plants were chosen because they have the ability to high carbon sequestration.Through this collaboration, UT aims to make all of the company's social and environmental contribution efforts effectively beneficial and provide added value to stakeholders and society. Therefore, collaboration and integration of the world of education and the industrial world play an important role in responding to environmental and social challenges in the future.The signing of the MoU was attended by the Dean of the Faculty of Forestry and Environment IPB, Naresworo Nugroho; Head of the Department of Forest Resources Conservation and Ecotourism IPB, Nyoto Santoso; Leader of the IPB Campus Forest Park Farmer Group, Sutopo; and CSR & Communication Department Head of UT, Himawan Sutanto.On October 13, 2022, United Tractors turns 50 years old to become a domestic company in the fields of heavy equipment, mining, and world-class energy that continues to contribute to having a positive impact on the nation and the country both in terms of business and social and environment.The reforestation of 15,000 trees in the IPB Campus Forest Park fulfilled 50,000 trees as part of the UT 50th Anniversary series. This reforestation is a company initiative in preventing extreme climate change and creating a better environmental future for the Indonesian nation.Tree planting has been going on throughout the year throughout Indonesia, especially UT's operational areas in Sumatra, Kalimantan, Sulawesi, East Nusa Tenggara, and Papua."As part of the momentum series of UT's 50th Anniversary, we launched 10 United Tractors Sustainability Aspirations in 2030 as the company's roadmap in implementing sustainable business and ESG implementation. These aspirations can be accessed entirely by the public openly through the company's website," said Sara K. Loebis.On the environmental aspect, UT targets to reduce Greenhouse Gas (GHG) Emissions scope 1 and 2 by 30%, 22% renewable energy mix to support operational activities, more efficient and effective water management in each business unit category, and solid waste management up to 62%.On the social aspect, UT supports diversity, equity, and inclusivity within the company, achieves zero labor fatality and LTI level of 0.093, and reaches 750,000 beneficiaries through community development programs to create added value.In terms of governance, UT maintains business resilience by increasing non-coal revenues by up to 50%, supporting diversity and inclusivity at the executive, board of directors, board of commissioners, and strengthening corporate governance with international standards to maintain the principles of good corporate governance (GCG).Image source: dok. ist.Source: https://www.emitennews.com/news/united-tractors-untr-jalin-kerja-sama-dengan-ipb-turunkan-emisi-karbon/17

PT Bukit Asam Tbk (PTBA) is ready to increase coal production to 40 million tons in 2023. The increase in targets is in line with the collaboration carried out by the company with PT RMK Energy Tbk (RMKE) recently. In addition, the company will also increase production capacity with various developments in the future.President Director of PT Bukit Asam Tbk (PTBA) Arsal Ismail explained, this year the company determined that coal production was 35.5 million tons with the realization reaching 27.7 million tons. In this collaboration, PTBA will use RMKE's loading and unloading facilities and transport PTBA's coal using a railway line owned by PT Kereta Api Indonesia (KAI) through Megang station."In collaboration, RMKE and PTBA will handle coal of 2.5 million tons in 2023 and is projected to increase gradually," he explained to Investor Daily, last weekend.In addition to RMKE, the company is currently collaborating with KAI to develop coal transportation on the Tanjung Enim-Keramasan route with a capacity of 20 million tons per year. This route, is scheduled to operate in the fourth quarter of 2024. Previously, PTBA targeted an increase in coal transportation capacity in Tanjung Enim to double capacity by 2027."We are also developing a coal transportation route to Prajen Pier with a transportation capacity of 20 million tons per year and is scheduled to operate immediately in the third quarter of 2026," he said.For information, PTBA has coal reserves that have not been monetized as much as 3 billion tons with a production rate of 35 million tons per year.Meanwhile, VP of Downstream Development of Bukit Asam Setiadi Wicaksono said, in the context of the energy transition trend and its relation to the coal industry, the company observed four main factors.First, the cyclical factors of the global economy that will drive coal demand relatively come from developing countries in the long term. Second, the direction of net zero emissions (NZE) which will trigger the demand for coal commodities to fall.Meanwhile, the next factor is the energy revolution which makes the portion of NRE in the future more significant, which has a direct impact on the decline in coal. The last factor is about ESG.According to Setiadi, the ESG factor is now very important considering that it deals with funding where global creditors have avoided types of investments that are not environmentally friendly.Facing industry challenges and the company's target of monetizing coal reserves of 3 billion tons, PTBA also prepared a long-term plan consisting of four pillars. The first pillar relates to the coal business, while the other three pillars concern the company's efforts towards an energy transition.Setiadi explained, in the first pillar, PTBA will increase capacity in line with the large amount of coal reserves that have not been monetized at the company's sites. "So, if we look at 2060, it is already the out phase of NZE, while our reserves are still a lot. So, inevitably we have to increase production capacity," he explained.Image source: B Universe Photo/Mohammad DefrizalSource: https://investor.id/market-and-corporate/316717/tahun-depan-bukit-asam-ptba-naikkan-produksi-batu-bara-jadi-40-juta-ton

PT Freeport Indonesia (PTFI) targets the Manyar Smelter Project in Gresik to reach 50% by the end of 2022.VP Government Relations PTFI Harry Pancasakti revealed that the downstream program is still running well."The Gresik smelter is on target and Insyaallah at the end of December reached 50% of its construction," harry said at the Indonesia Energy and Mineral Conference 2022, Monday (19/12).Harry continued, the entire construction process is targeted to be completed in December 2023. Further, the commissioning process and operations can begin in 2024.Harry explained, with the completion of this smelter, all copper concentrate production can be refined domestically. Currently, Freeport Indonesia's production reaches 200 thousand tons of copper ore per day. As much as 40% is refined by PTFI in its existing smelter facility while the remaining 60% is still exported. Production capacity is also targeted to increase next year."For 2023 there is an increase of 10% so it rises to the level of 220 thousand tons of ore per day that is mined and processed," explained Harry.The Manyar smelter is designed to have a copper concentrate processing capacity of 2 million tons per year. With this capacity, the Manyar Smelter is said to be the largest copper processing site in the world.According to the plan, the processing results of the Manyar Smelter will be added to the processing capacity of the smelter that has been operating, namely PT Smelting, with a processing capacity of 1 million tons of copper concentrate every year. Thus, once the Manyar Smelter is operational, PTFI will be able to process 3 million tons of copper concentrate per year.Image source: ANTARA FOTO/Dian Kandipi/wpa/hp.Source: https://industri.kontan.co.id/news/freeport-indonesia-targetkan-proyek-smelter-gresik-capai-50-pada-akhir-tahun-ini

PT Vale Indonesia Tbk (INCO) is eyeing a nickel production target of 70,000 tons in matte by 2023. This amount is 7.69% higher than the 2022 production target of 65,000 tons."Regarding next year's production target, approximately 70,000 tons of nickel in matte in 2023," explained Vale Indonesia Chief Operating Officer Abu Ashar, answering a question from Investor Daily in Sorowako, South Sulawesi, quoted on Monday (19/12/2022).Previously, Vale Indonesia announced that in nine months this year, the company had produced 43,907 tons of matte nickel, down 9% compared to the same period last year. Chief Financial Officer Vale Indonesia Bernardus Irmanto explained that this was mainly due to the implementation of the Tanur 4 redevelopment project in the first half of 2022."We will optimize our production to achieve the remaining targets this year while still implementing high occupational safety standards and protocols in our operations," Irmanto explained in an information disclosure.However, to achieve the 2023 production target, Abu has not been able to inform the value of capital expenditure (capex) next year. On the same occasion, he informed that Vale Indonesia has a sustaining capex of US$ 130 million as budgeted this year."Capital expenditure is still in the process of approval, for PT Vale's capex, yes, last year it was approximately US$ 130 million, so approximately next year it will be like that for Sorowako. The whole of Pomalaa, Sorowako, Bahodopi is huge," he continued.Abu detailed that the company has a sustaining capex and capex budget for expansion. Therefore, the total consolidated capex next year cannot be informed because the development of projects in Pomalaa and Bahodopi is expected to require large funds, beyond sustaining capex.If you only take into account Vale's capex in Sorowako, the value is estimated to be not much different from this year. Because the capital expenditure budget is for sustaining operations."So first, Pomalaa, then groundbreaking Bahodopi next month, God willing, next year Sorowako HPAL (high pressure acid leaching) as well. So three developing projects for PT Vale," Abu concluded.Previously, the issuer coded INCO shares together with Zhejiang Huayou Cobalt Co Ltd (Huayou), carried out groundbreaking as a sign of the start of development of the Pomalaa Block project in Kolaka Regency, Southeast Sulawesi, on November 27, 2022.The INCO project, which will operate under the auspices of PT Kolaka Nickel Indonesia (KNI), is estimated to have a total investment package for HPAL plants and mines reaching Rp 67.5 trillion and involving around 12,000 jobs for construction.The Pomalaa Block project has been designated as a National Strategic Project by using Huayou HPAL technology to produce up to 120,000 tons of nickel per year. The Pomalaa HPAL block is targeted to produce Mixed Hydroxide Precipitate (MHP) products that can be further processed into materials suitable for electric vehicle batteries.Image source: PT Vale Indonesia Tbk (INCO). (Perseroan)Source: https://investor.id/market-and-corporate/316811/2023-vale-indonesia-inco-naikkan-produksi-nikel

Investment Minister Bahlil Lahadalia emphasized that the government continues to channel its attention on encouraging investment in the downstream sector, both for mining and food commodities."Truth be told, we say to continue to focus on downstream. This year, we think we will start to stop (the export of) some commodities, like tin and manganese. We will do this downstreaming not only in mining commodities but also in food commodities," he stated at the Expose and Launch of the 2022 Investment Opportunity Map, accessed here on Friday.Lahadalia explained that the ministry's Deputy for Downstreaming had also started designing a food downstream program that would become the focus at a later time.He said that downstreaming was Indonesia's way to become a developed country, as it was deemed as being one of the ways for it to become an industrialist country."Now, our per capita income is approximately US$4,500. We want to push it to US$9-10 thousand and that requires quality jobs, one of which is downstream," he stated.The minister cited an example that downstreaming for nickel that had been implemented was able to generate significant added value.During the 2017-2018 period, the exports of nickel derivative products only contributed around US$3.3 billion. The downstream policy by the government succeeded in boosting export performance, with the exports of nickel derivative products reaching US$20.9 billion in 2021."This year, we are targeting around US$27-30 billion. This is just one commodity, and for this, we will build an EV battery ecosystem. We are now building an ecosystem from mining, smelter, HPAL, precursor, cathode, battery cell to recycling, including the car," Minister Lahadalia remarked.The ministry has demonstrated its commitment to encouraging downstreaming by launching 22 priority investment projects worth Rp37.32 trillion, all of which are focused on creating added value in the natural resources sector and the manufacturing industry.The 22 investment projects comprised nine projects in Java Island and 13 projects outside Java Island.In detail, the 22 investment projects offered comprised solar power projects in Banten and East Kalimantan; beef cattle agribusiness in East Nusa Tenggara and West Nusa Tenggara; integrated sugarcane plantations in South Sumatra; and horticulture for honey Siamese oranges in North Sumatra.The other investment projects comprised the soybean cultivation food crop project in South Sulawesi; integrated banana plantation horticulture in East Java; shrimp cultivation in West Nusa Tenggara; integrated capture fisheries in Maluku; and also seaweed cultivation in South Sulawesi.In the manufacturing industry sector, the offered projects are the corn processing industry for animal feed in Gorontalo; bioethanol industry in East Java; copper metal industry in East Java; agricultural equipment and machinery industry in East Java; electric motor industry for electric vehicles in West Java; pharmaceutical salt industry in East Java; as well as the aircraft tire industry from natural rubber in West Java.They also offered the medical device industry from natural rubber in North Sumatra; Wing-in-Ground industry in Riau Islands; electronic component raw material industry in West Kalimantan; and the solar panel industry in Banten. Image source: ANTARA/Youtube Kementerian Investasi-BKPMSource: https://en.antaranews.com/news/265979/govt-encourages-investment-in-downstream-sector-for-mining