UNTR to Complete Doup Acquisition & Eyes Gold Mines in Australia
UNTR to Complete Doup Acquisition & Eyes Gold Mines in Australia
21 Nov 2025, 07:46 AM 167

PT United Tractors Tbk (UNTR) continues to refine its gold business through an expansion strategy. The Astra Group is finalizing the acquisition of a gold mine in North Sulawesi while also seeking acquisition opportunities in Australia.United Tractors’ Corporate Secretary, Ari Setiyawan, revealed that UNTR is completing the acquisition of the Doup Project, one of the gold mines owned by PT J Resources Asia Pasifik Tbk (PSAB). This corporate action is scheduled to be completed no later than December 23, 2025.“Hopefully we can close in December. We already have a CSPA (Conditional Share Purchase Agreement), followed by the fulfillment of conditions precedent. If all goes smoothly, we expect completion by December 23 at the latest—or sooner,” Ari said after a Media Visit to Besai Kemu in Lampung on Thursday (Nov 20, 2025).In a disclosure to the Indonesia Stock Exchange on September 12, 2025, UNTR—through PT Danusa Tambang Nusantara (DTN)—signed a Conditional Share Purchase Agreement with PT J Resources Nusantara (JRN) to purchase 99.99996% of the shares of PT Arafura Surya Alam (ASA) owned by JRN.In addition, UNTR’s controlled subsidiary PT Energia Prima Nusantara (EPN) also signed a Conditional Share Purchase Agreement with Jimmy Budiarto to purchase 0.00004% of ASA shares owned by Jimmy and 0.2% of PT Mulia Bumi Persada (MBP) shares also owned by Jimmy.The total enterprise value of this transaction is USD 540 million. For context, ASA operates the Doup gold mine located in North Sulawesi. Jimmy Budiarto is the President Commissioner and controlling shareholder of PSAB.UNTR is not only targeting domestic gold mines; it is also eyeing overseas acquisitions, namely in Australia. Ari said UNTR has identified several Australian mining assets in its acquisition pipeline. However, UNTR and potential sellers have not yet reached an agreement.Last month, UNTR opened an Australian representative office in Perth to further explore potential acquisitions of gold assets on the continent. UNTR does not rule out looking at other critical minerals as well.“We now have a representative office to better introduce (United Tractors). There are many prospects there that need closer engagement. They act as our extended arm to scout opportunities,” Ari said.Expansion in the gold business is part of UNTR’s strategy to achieve a balanced revenue contribution from non-coal businesses by 2030. Currently, around 60% of UNTR’s revenue still comes from coal-related businesses.To reach a 50:50 split between coal and non-coal revenue by 2030, UNTR is seeking assets that can deliver substantial contributions from non-coal segments.“This is to balance the portfolio. Coal is already large; now we’re looking for significant minerals. There aren’t many large-prospect mines left in Indonesia, so we see many potential assets there (in Australia),” Ari explained.Ari is confident UNTR can continue to increase the revenue contribution from non-coal businesses. This strategy will be pursued through acquiring new assets as well as expanding existing facilities or assets. “We’re accelerating (the contribution) from non-coal—this can come from minerals like nickel and gold, and also from renewable energy,” Ari emphasized.In the renewable energy segment, UNTR is expanding through its subsidiary PT Energia Prima Nusantara (EPN). EPN Director Boy Gemino Kalauserang said the company continues to explore potential projects across various types of renewables.Expansion will be carried out through subsidiaries, including PT Arkora Hydro Tbk (ARKO) and others. One project that EPN is ready to undertake is a Hydropower Plant (PLTA) in Aceh.The 18-Megawatt (MW) project is being developed by EPN’s subsidiary, PT Redelong Hydro Energy (RHE). Boy said RHE has already won the tender and is awaiting a Letter of Agreement (LoA) with PT PLN (Persero). “In essence, we are exploring projects in the pipeline that appear promising,” Boy explained.Beyond new projects, EPN is also optimizing existing assets—one of which is the Besai Kemu Mini-Hydro Power Plant (PLTM) in Way Kanan, Lampung.The PLTM, with a capacity of 2 × 3.5 MW, is operated under EPN’s subsidiary PT Uway Energi Perdana (UEP). UEP President Director Asep Iwan Gunawan explained that the Besai Kemu PLTM consistently supplies 33.4 GWh of electricity per year to PT PLN (Persero).With relatively high rainfall this year, electricity production from the Besai Kemu PLTM is set to surpass 40 GWh. Asep estimates that by the end of 2025, green power output from Besai Kemu could reach 44.5–45 GWh.“We have exceeded our target to PLN, as our plan promised around 39 GWh for this year—and we’ve already surpassed it,” Asep said.

Downstream Investments Reach IDR 431.4 Trillion After Export Ban Reinforcement
Downstream Investments Reach IDR 431.4 Trillion After Export Ban Reinforcement
20 Nov 2025, 03:53 PM 244

The Government of the Republic of Indonesia recorded downstream investment realization of IDR 431.4 trillion from January to September 2025. This marks a 58.1 percent increase compared to the same period last year.This surge followed the tightening of government policy that no longer permits the export of raw materials. The government also requires processing to be carried out domestically.Deputy Minister of Investment and Downstreaming, Todotua Pasaribu, explained that downstreaming has become the main foundation of Indonesia’s economic transformation.“We have adopted a policy that no longer allows natural resources to be exported in raw form. At the very least, the first-tier process must be done domestically,” he said at the Antara Business Forum in Jakarta, Wednesday, November 19, 2025.Todotua noted that downstreaming has become a national policy framework strategically designed by the Ministry of Investment and Downstreaming.The government has created a roadmap covering 28 priority commodities in eight major groups, aiming to attract export-oriented investment and create greater added value for the national economy.Todotua said the increase in realized investment reaching IDR 431.4 trillion was driven primarily by the mineral sector, followed by plantations and forestry, oil and gas, and fisheries.This achievement signals a structural shift in Indonesia’s investment composition. “Last year, the total was only around IDR 42.9 trillion. This year’s increase proves that downstreaming has a direct impact on boosting national investment,” he said.Todotua discussed how Indonesia’s wealth of natural resources is a major asset that many countries do not possess.With a population of more than 280 million and a geopolitical position along the backbone of global trade routes, he believes Indonesia has a strategic opportunity to accelerate industrialization.“Indonesia is extraordinary. What the world needs is here. We sit on the east–west and north–south geopolitical backbone, with ALKI II as a driver of the international economy,” he said.The nickel sector is also one of the industrial chains whose downstream structure is nearly complete, from smelters to the battery industry.The government is now organizing the downstreaming of bauxite, copper, and tin so that the domestic supply chain becomes stronger and less dependent on external markets.Todotua also cautioned that uncontrolled smelter development carries the risk of creating overcapacity and eroding product competitiveness in the long term.In the energy sector, the government is accelerating coal gasification projects. Todotua said the coal-to-synthetic-gas project being carried out by Bukit Asam with PDN and Pusri will be directed toward ammonia and methanol production, while also reducing currently high import levels.“Our methanol imports are still 2.2 to 3 million tons, even though we have gas and coal. Demand is rising because the B40 program requires methanol to be blended with CPO. We need to catch up with countries like China, where 40 percent of coal is used for derivative products,” he said.The acceleration of downstreaming is also evident in the ecosystem being developed by MIND ID. In the aluminum sector, Phase 1 of the Smelter Grade Alumina Refinery (SGAR) has officially begun operations.Going forward, the facility in Mempawah will be further strengthened by SGAR Phase II and a new Aluminum Smelter currently under construction. These steps are expected to meet domestic alumina needs and reduce import dependence.In the tin sector, PT Timah is finalizing downstream products ranging from solder to tin chemicals to enter the global electronics, automotive, and chemical markets.Meanwhile, PT Vale Indonesia continues to expand investment to strengthen production of nickel matte and low-carbon derivative products as part of the electric-vehicle battery ecosystem through three strategic projects: the Indonesia Growth Project (IGP) in Pomalaa, Morowali, and Sorowako. These projects are key milestones for expanding nickel capacity while laying the foundation for Indonesia’s EV industrial ecosystem.At the same time, PT Freeport Indonesia is preparing to enhance copper downstreaming via the Gresik Smelter and Precious Metals Refinery (PMR), which form a vital foundation for the electricity, renewable energy, and global technology industries.Todotua said MIND ID’s downstream projects are the backbone of the government’s efforts to build a comprehensive supply chain for strategic minerals from upstream to downstream.The government estimates that downstreaming will deliver economic impacts through 2040, with investment reaching USD 618 billion and added value of USD 235.9 billion, along with cumulative export potential of USD 857 billion and the creation of more than three million jobs.“Downstreaming is the strategy to ensure Indonesia is no longer positioned as a raw-material exporter, but becomes a key player in global value chains,” Todotua said.

SUN Energy Accelerates ‘Green Mining’ Adoption Through Integrated Solutions
SUN Energy Accelerates ‘Green Mining’ Adoption Through Integrated Solutions
19 Nov 2025, 04:00 PM 166

PT SUN Energy is committed to strengthening strategic support for the government’s efforts to accelerate the decarbonization of Indonesia’s mining industry by implementing a renewable energy–based green mining concept through a range of integrated energy solutions.SUN Energy CEO Emmanuel Jefferson Kuesar is optimistic that the various solutions offered by the company can help Indonesia’s mining sector meet sustainability targets while maintaining operational cost efficiency.“Through innovation in clean, low-emission energy technology, SUN Energy and our business ecosystem are committed to acting as a catalyst for transforming Indonesia’s mining industry into a greener and more sustainable industry,” he said in an official statement received in Jakarta on Tuesday.Emmanuel noted that mining sites in Indonesia are generally located in remote (off-grid) areas and are highly dependent on diesel engines as their source of electricity.This dependence, he continued, causes fuel costs to swell, accounting for 25 to 40 percent of total operating costs, and even approaching 50 percent at mines with high energy usage.To address this, the company is delivering Solar Power Plant (PLTS) solutions integrated with Battery Energy Storage Systems (BESS), one of which has been realized through collaboration with PT Cipta Kridatama.He stated that this technology can significantly reduce fuel consumption and energy logistics costs, while ensuring a stable 24-hour power supply.In addition, there is also the Solar PV Roll Up technology implemented at PT Berau Coal. This roll-up solar panel technology is specifically designed to support mining activities that relocate frequently, making it easy to dismantle, reassemble, and move between sites.To support environmentally friendly mining activities, Emmanuel said the company also offers Sustainability-as-a-Service, which includes fleet electrification and water management.These services include Fleet-as-a-Service (FaaS) for providing electric vehicles for mine operations, scheduled to begin operating at the end of 2025 at one of Indonesia’s major mining companies.Another service is sustainable water management, including at PT Berau Coal, which uses ultrafiltration and reverse osmosis systems to purify process water so it can be reused.These various initiatives align with the government’s commitment toward Net Zero Emissions 2060 and the implementation of Good Mining Practice in accordance with Law No. 3 of 2020 on Mineral and Coal Mining.To date, SUN Energy’s clean energy solutions have been implemented at more than 15 mining locations across Indonesia.“The transition to green mining is not just about switching energy sources, but about building a new foundation for an efficient, low-emission, and long-term resilient industry,” said Emmanuel Jefferson Kuesar.

IDR 133 Trillion New Investments at IWIP (Batteries to Aluminum)
IDR 133 Trillion New Investments at IWIP (Batteries to Aluminum)
17 Nov 2025, 03:57 PM 220

A number of downstreaming and clean energy projects are being developed at the Indonesia Weda Bay Industrial Park (IWIP) in Central Halmahera, North Maluku.The total value of new investment in the industrial estate reaches around USD 8 billion or IDR 133.76 trillion (assuming an exchange rate of IDR 16,720 per USD). The arrival of these new investments further completes the supply chain, particularly nickel downstreaming, within the IWIP industrial area.In detail, the investment consists of three projects. First, a battery ecosystem and nickel downstreaming project with an investment value of approximately USD 5 billion.This project will produce mixed hydroxide precipitate, nickel sulfate, cobalt sulfate, and nickel precursor, with development extending to electric vehicle (EV) batteries, electric trucks, and electrically powered heavy equipment. Initial production is targeted for early 2026.Second, a green energy project worth USD 2 billion that includes the development of a 2-gigawatt (GW) solar power plant (PLTS) and a 500-MW wind power plant (PLTB). The development of these renewable energy plants is underway and will be carried out in stages.In addition, the green energy project also includes the development of a solar panel manufacturing industry with planned production in 2027–2028.Third, Phase 1 of an Electrolytic Aluminum Smelter project with an investment of around USD 1 billion. This smelter will produce electrolytic aluminum. Initial production is targeted for late 2025.Beyond these three strategic projects, IWIP is also preparing the development of a Green Energy Zone and a transformation toward a sustainable industrial park, focusing on digitalization, energy efficiency, and the utilization of new and renewable energy (EBT).The development of the Weda Bay industrial area has also driven an increase in investment flows into North Maluku. In the second quarter of 2025, realized investment in the province reached IDR 19 trillion. Most of this investment came from foreign direct investment (FDI) in the basic metal industry and processing facilities located within IWIP.“The strong interest from global investors indicates the long-term prospects of nickel downstreaming in Indonesia, while also showing that the presence of IWIP and WBN [PT Weda Bay Nickel] contributes to strengthening the investment climate, expanding processing industries, and spurring regional economic growth,” said IWIP General Manager of External Relations Yudhi Santoso, Sunday (November 16, 2025).North Maluku’s economy has shown rapid development in recent years. Bank Indonesia (BI) data show that the province’s economy grew by 32.09% year-on-year in the second quarter of 2025, making it the fastest-growing province in Indonesia.BI also noted that this acceleration was driven primarily by downstreaming and nickel processing activities in the Weda Bay area, involving WBN in the mining sector and IWIP as the processing industry hub.This economic transformation is also reflected in the province’s gross regional domestic product (GRDP) structure. The manufacturing sector now contributes 40.11% to North Maluku’s economy, followed by the mining sector at 20.79%.“IWIP and WBN will continue to support North Maluku’s sustainable development, not only through contributions to the regional economy, but also by providing employment opportunities for the community,” Yudhi said.As of early 2025, WBN and IWIP had employed more than 81,000 direct workers, 80% of whom are from North Maluku.

EMAS Begins Ore-Feeding Operations at the Pani Gold Mine
EMAS Begins Ore-Feeding Operations at the Pani Gold Mine
17 Nov 2025, 03:26 PM 420

PT Merdeka Gold Resources Tbk (EMAS) announced that ore feeding at the Pani Gold Mine, Pohuwato Regency, Gorontalo Province officially began on November 12, 2025. This marks the start of the processing plant’s operational phase and a key milestone in EMAS’s transition toward its first gold pour, targeted for the first quarter of 2026.EMAS President Director Boyke Poerbaya Abidin said ore feeding marks a new chapter for EMAS as it moves from construction into operations. “We are grateful the project is progressing as planned toward first gold production in early 2026. This is the result of our entire team’s hard work and stakeholder support. We are committed to operating the mine safely, efficiently, and sustainably, delivering real benefits for investors and the community,” Boyke said in a press release in Jakarta, Monday (November 17, 2025).As of the end of October 2025, construction of the Pani Gold Mine had reached 83% completion, covering key facilities such as the heap leach pad, ADR plant, and supporting infrastructure. As part of its commitment to climate action and emissions reduction, EMAS has signed an agreement with PLN to use electricity from renewable sources through the Renewable Energy Certificate (REC) scheme.The Pani gold mine has ore reserves of 190 million tons containing approximately 4.8 million ounces of gold, derived from a Mineral Resource Estimate of 292.4 million tons containing more than 7 million ounces of gold.“Pani will become one of the largest primary gold mines in Indonesia. The project is designed as a low-cost mine with a long operating life,” Boyke continued.Boyke further stated that as part of the MDKA Group, EMAS plays a strategic role in strengthening Merdeka’s multi-metal portfolio. The success of Pani will solidify EMAS’s position as a leading national gold producer, while enhancing Merdeka’s contribution to the development of a responsible national mining industry.Disciplined construction, the application of environmentally friendly technologies, and a commitment to responsible mining practices position EMAS to generate long-term value. With the project on schedule and significant resource potential, EMAS is optimistic it will deliver a meaningful contribution to the Merdeka Group and create long-term value for shareholders and all stakeholders.

MIND ID Accelerates Bauxite Downstreaming, Expands SGAR Smelter Phase II
MIND ID Accelerates Bauxite Downstreaming, Expands SGAR Smelter Phase II
16 Nov 2025, 03:43 PM 263

MIND ID is strengthening bauxite downstreaming as the raw material for aluminum to reinforce Indonesia’s position as a key player in the global clean-energy supply chain.One of the bauxite downstreaming projects to be expanded is the Smelter Grade Alumina Refinery (SGAR) in Mempawah, West Kalimantan, a collaboration between PT Aneka Tambang Tbk (ANTAM) and PT Indonesia Asahan Aluminium (Inalum).The refining facility has a production capacity of 1 million tons of alumina per year by utilizing domestic bauxite reserves. The alumina produced by SGAR becomes the main feedstock for Inalum’s aluminum production in Kuala Tanjung.MIND ID is also said to be expanding the SGAR Phase II project with an additional 1 million tons of alumina per year, along with a new Aluminum Smelter in Mempawah with a capacity of 600,000 tons per year.MIND ID Corporate Secretary Pria Utama said the company remains committed to driving bauxite downstreaming that not only strengthens the national industry but also supports Indonesia’s energy transition targets.As the manager of national strategic minerals, from total bauxite reserves of 198.43 million tons, the MIND ID Group produced 1.33 million tons in 2024.“We are striving consistently to support the realization of a better future for civilization. This integrated bauxite downstreaming is one of the keys to accelerating Indonesia’s energy transition,” Pria said in an official statement, Sunday (Nov 16, 2025).Moreover, aluminum is a key material in energy-transition technologies thanks to its light weight, corrosion resistance, and recyclability. A 1 MW solar panel facility requires about 21 tons of aluminum for frames and mounting systems.In addition, aluminum plays an important role in wind turbine production—forming blade structures and main frames—and accounts for up to 30% of the total weight of electric-vehicle (EV) batteries and electric-car body components.“MIND ID is committed not only to exploring natural resources but also to ensuring their value addition all the way to strategically valuable products. We believe sustainable industrialization will be the foundation of Indonesia’s future progress,” he concluded.

PT Vale & Huayou Reaffirm Commitment to Climate-Aligned Technology at COP30
PT Vale & Huayou Reaffirm Commitment to Climate-Aligned Technology at COP30
16 Nov 2025, 03:40 PM 301

At the world’s largest climate forum, PT Vale Indonesia Tbk (“PT Vale”), as part of Mining Industry Indonesia (MIND ID), delivered a strong narrative on Indonesia’s journey toward a low-carbon future. PT Vale emphasized Indonesia’s position not only as a leading global nickel supplier, but as a leader in the development of sustainable critical minerals. In the talk show session “Emerging Technologies to Respond to Climate Change” at the Indonesia Pavilion at COP30, PT Vale outlined how technology, responsible mining practices, and strategic downstream partnerships—particularly with Huayou Indonesia—are shaping a new chapter in the electric-vehicle battery ecosystem.The session brought together a prominent panel representing Indonesia’s nickel industry value chain. The discussion opened with a video address from the Ministry of Environment and Forestry delivered by Hanifah Dwi Nirwana, Acting Deputy for Waste, Hazardous Waste, and Hazardous Materials Management, who underscored Indonesia’s commitment to strengthening environmental governance as the foundation of industrial transformation. This was followed by remarks from Amsor, Director of Hazardous and Non-Hazardous Waste Management, who highlighted the importance of regulatory integrity, enhanced transparency, and alignment with international sustainability standards to realize the national green-industry agenda.From the industry side, PT Vale’s Director and Chief Sustainability & Corporate Affairs Officer, Budiawansyah, clearly laid out the company’s climate ambitions. He emphasized that PT Vale’s Sorowako operations are undergoing significant technological transformation to achieve a 33% absolute emissions reduction by 2030 and a 50% reduction in product-carbon intensity for nickel—ambitious targets driven by innovations such as heat recovery, off-gas utilization, ore-dewatering optimization, and electrification of processing infrastructure. These initiatives not only cut emissions but also improve operational efficiency, projected to deliver significant annual energy savings and CO₂ reductions.For Budiawansyah, decarbonization is not a slogan but an organizational mandate.“Our message at COP30 is very clear,” he said.“Responsible, climate-aligned growth is a pillar of our strategy. Through innovation and collaboration—including our strategic downstream partnership with Huayou—we are committed to delivering low-carbon nickel that meets global stakeholder expectations,” he continued.A similar sentiment was conveyed by Huayou Indonesia’s Director of Public Affairs, Stevanus, who stressed how Huayou’s technological innovations not only boost operational efficiency but also significantly reduce carbon emissions.“We are deploying new technological innovations across advanced hydrometallurgical processes—from waste-heat recovery that can meet more than 70% of the project’s electricity needs, to self-flow ore slurry, CO₂ solidification, electrification, and waste reutilization,” said Stevanus.“With all these measures, we can reduce more than 2 tCO₂e per ton of nickel,” he explained.He added that the PT Vale–Huayou partnership reflects a shared mission to accelerate cleaner, more efficient processing of battery materials.“By combining Huayou’s hydrometallurgical innovation with PT Vale’s ESG foundations, we are helping position Indonesia as a global benchmark for low-carbon battery materials,” he concluded.The panel’s perspectives were further enriched by Harita Nickel’s Vice President of HSE, Aladin Sianipar, who emphasized the importance of circularity and waste reutilization in the industry’s decarbonization journey. Together, the speakers delivered a powerful message: Indonesia’s nickel industry is undergoing one of the largest transformations in its history, propelled by collaboration among government, upstream operators, midstream processors, and downstream technology leaders.On the same occasion, PT Vale also highlighted its ESG progress by presenting its latest Sustainalytics ESG Risk Rating of 23.7—the best score in the company’s history—placing PT Vale among the top performers in the global diversified metals & mining category. This achievement reinforces PT Vale’s credibility as a responsible nickel supplier in a sector increasingly scrutinized for its environmental impacts. PT Vale affirmed that global trust can only be earned through consistency—transparent reporting, strong governance, operational discipline, and long-term investment aligned with global climate expectations.From Belém, Brazil—thousands of kilometers from Sorowako, Bahodopi, Pomalaa, and Morowali, the locations at the core of Indonesia’s nickel leadership—PT Vale’s presence at COP30 carried a clear message: Indonesia’s critical minerals are shaping the future of global decarbonization, and Indonesia is determined to lead with ambition and accountability. Through strategic partnerships, clean-energy-based processing routes, and a strong commitment to ESG excellence, PT Vale is contributing to the transformation of the nickel ecosystem, where innovation drives climate outcomes and Indonesia becomes a responsible strategic force in the world’s clean-energy transition.Closing the discussion, the panelists offered an optimistic and visionary note. Indonesia’s success in the global EV supply chain will not be determined solely by resource endowment or production volume, but by the values embedded in its industrial development: sustainability, transparency, technological excellence, and robust collaboration. The PT Vale–Huayou partnership now stands as a model for how industry players can work together to deliver positive climate impact, strengthening Indonesia’s position on the global stage at a time when responsible supplies of critical minerals are increasingly essential.

Minister Bahlil Urges Freeport to Purchase Copper Concentrate from Amman Mineral
Minister Bahlil Urges Freeport to Purchase Copper Concentrate from Amman Mineral
14 Nov 2025, 05:48 AM 533

Minister of Energy and Mineral Resources (ESDM) Bahlil Lahadalia has asked PT Freeport Indonesia to purchase copper concentrate from PT Amman Mineral Nusa Tenggara (AMNT).“Yesterday I asked Mr. Tony (PT Freeport Indonesia President Director Tony Wenas)—Mr. Tony met with me, and I requested that Amman and Freeport engage in B2B (business-to-business) communication so that Freeport can buy their material to be processed at Freeport’s smelter at an economical price,” Bahlil said when met at the ESDM Ministry Office in Jakarta, Friday.However, Bahlil continued, the Ministry of ESDM cannot intervene further, because the sale and purchase of concentrate is a matter between businesses.“The government is merely a regulator, and it shouldn’t interfere in business-to-business matters,” he said.The statement relates to the relaxation of copper concentrate exports for PT Amman Mineral Nusa Tenggara (AMNT) for six months while waiting for the completion of smelter repairs.Bahlil explained that the force majeure at Amman Mineral’s smelter occurred before the landslide incident at the Grasberg Block Cave (GBC) mine site.Amman Mineral’s smelter operations were temporarily halted since the end of July 2025 due to force majeure, while the wet ore mud slide at Freeport’s GBC occurred on September 8, 2025.“Amman submitted (the relaxation request) before the accident at Freeport occurred,” Bahlil said.Amman Mineral has received an export recommendation letter for copper concentrate from the ESDM Ministry on Saturday (Nov 1).The permit is valid for six months, or until April 2026, with a total quota of 480,000 dry metric tons.On the other hand, Freeport’s smelter is not operating because it has not received concentrate supply, as Freeport suspended its mining operations after the wet ore mud slide occurred in the underground mining area of the Grasberg Block Cave (GBC) Extraction 28–30 Panel, Tembagapura, Mimika Regency, Central Papua, on September 8, 2025.

ARCI Forms Joint Venture for Geothermal Project
ARCI Forms Joint Venture for Geothermal Project
14 Nov 2025, 01:46 AM 348

PT Archi Indonesia Tbk (ARCI) has announced the formation of a new joint venture to develop a geothermal project with energy company PT Ormat Geothermal Indonesia.According to a disclosure to the Indonesia Stock Exchange (IDX), the joint venture is named PT Toka Tindung Geothermal, with Archi holding 5% and Ormat 95%.“The purpose of establishing the Joint Venture Company is to collaborate on the joint development of exploration drilling programs and the design, procurement, financing, construction, testing, commissioning, ownership, management, operation, and maintenance of geothermal facilities,” the filing stated on Thursday (11/13/2025).The project will be located within the mining concession areas of Archi’s subsidiaries, PT Meares Soputan Mining and PT Tambang Tondano Nusajaya.Archi’s management stated that this step is expected to have a positive impact on the company’s and its subsidiaries’ business sustainability. The project is considered to have strong prospects for future production and sales of geothermal-based electricity.As is known, beyond the gold business, this Peter Sondakh–affiliated issuer is also exploring renewable energy opportunities through its subsidiary PT Toka Tindung Geothermal (TTG). The company is currently processing environmental permits to develop a geothermal project.For reference, PT TTG is a joint venture between ARCI and PT Ormat Geothermal Indonesia established in 2024. TTG obtained a geothermal permit in June 2025 for a project in Bitung City with a target capacity of 40 megawatts (MW).

SUN Energy Drives Green Mining Transformation in the Mining Sector
SUN Energy Drives Green Mining Transformation in the Mining Sector
13 Nov 2025, 01:43 AM 381

SUN Energy is strengthening its role as a strategic partner in supporting the decarbonization of Indonesia’s mining sector through the implementation of a green mining concept.This concept is an operational approach to mining that emphasizes energy efficiency, emissions reduction, and environmental responsibility.The initiative includes deploying Solar Power Plants (PLTS) combined with Battery Energy Storage Systems (BESS), as well as synergy among business units within the SUN Group ecosystem.1. SUN Energy has implemented clean-energy solutions at 15 mine sitesSUN Energy CEO Jefferson Kuesar said that to date, the company has implemented clean-energy solutions at more than 15 mining locations in Indonesia.These include the first integrated solar project with a containerized BESS in Indonesia with PT Cipta Kridatama, as well as a Solar PV Roll-Up project at PT Berau Coal.“Transitioning to green mining is not just about switching energy sources; it’s about building a new foundation for an efficient, low-emission, and long-term resilient industry. Through innovation in clean and low-emission energy technologies, SUN Energy and our business ecosystem are ready to be a catalyst for transforming Indonesia’s mining industry toward a greener, more sustainable future,” he said.2. Most mine areas still rely on gensetsHe explained that most mining areas in Indonesia operate off-grid and still rely on diesel generator sets as their primary energy source.“This dependence drives very high fuel consumption, reaching 25–40 percent of total operating costs, and even approaching 50 percent in mining areas with high energy intensity,” he noted.3. Integrated PLTS–BESS designed specifically for off-grid regionsSUN Energy offers an integrated PLTS–BESS solution specifically designed for off-grid regions.This system not only ensures a reliable 24-hour power supply, but also significantly reduces fuel consumption and energy logistics costs.“Solar energy generated during the day can be stored and used again at night, creating more stable and cost-efficient mining operations,” he said.

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