Baru Gold Corp (the “Company” or “Baru”) (TSXV:BARU) | (OTC:BARUF) is pleased to provide an update on its continuing community relations efforts on Sangihe Island and the dismissal of a lawsuit filed in Jakarta in August of 2021, against the Ministry of Energy and Mineral Resources (“MEMR”) in Indonesia, in relation to Baru’s subsidiary, PT Tambang Mas Sangihe (“TMS”).CORPORATE SOCIAL RESPONSIBILITY (CSR) ACTIVITIES FOR 2022-Q1 Education- Second donation made to SD Inpres Bentung to participate in the next level of Clean School competition - Provided WiFi to support students on their assignments - Provided mentoring and internship to a local university geology student  Environment- Cleaned up landslide across Bentung-Lesabe village access road  - Built embankments at Salurang village with the donation and delivery of 1,000 sandbags - Provided basic necessities for 24 families effected by the disaster at Santiago, Tahuna Economy (micro/small/medium enterprises)- Provided two laptops for the local village office at Subdistrict Tabukan Selatan Tengah  - Continued support of a youth group at Binebase village in fisheries business - Commitment to support the next generation by establishing a relationship with Indonesian student movement on Sangihe Island Sport- Sponsored Tabukan Selatan football team to participate in regional competition Community- Donated fire extinguishers to the police station at Tabukan SelatanTerry Filbert, CEO of Baru Gold, commented, “Baru is committed to ongoing CSR activities and will continue to keep our shareholders informed on a quarterly basis. Baru’s commitment is to both our staff and the community we support through economic, safety and environmental initiatives that include safety equipment for staff that exceed legal requirements, water monitoring, and the procurement of supplies and equipment locally.”  LEGAL UPDATEOn April 20, 2022, a lawsuit filed in Jakarta Administrative Court (“Court”) against the Ministry of Energy and Mineral Resources of the Republic of Indonesia (“MEMR”) was dismissed. While Baru was not named in the lawsuit, the Court granted permission for a representative of Baru to attend the proceedings in support of MEMR, as it relates to the mining permit that was granted to the Company’s 70% owned subsidiary, PT Tambang Mas Sangihe. In addition to the dismissal, the presiding judge ordered the plaintiff to pay the costs of the litigation.ABOUT SANGIHE GOLD PROJECTThe Sangihe Gold Project (“Sangihe”) is located on the Indonesian island of Sangihe, off the northern coast of Sulawesi. Sangihe has an existing National Instrument 43-101 inferred mineral resource of 114,700 indicated and 105,000 inferred ounces of gold, as reported in the Company's "Independent Technical Report on the Mineral Resource Estimates of the Binebase and Bawone Deposits, Sangihe Project, North Sulawesi, Indonesia" (May 30, 2017). Readers are cautioned that mineral resources that are not mineral reserves do not have demonstrated economic viability. The Company intends to proceed to production without the benefit of first establishing mineral reserves supported by a feasibility study.The Company's 70-percent interest in the Sangihe-mineral-tenement Contract of Work ("CoW") is held through PT. Tambang Mas Sangihe (“TMS”). The remaining 30-percent interest in TMS is held by three Indonesian corporations. The term of the Sangihe CoW agreement is 30 years upon commencement of the production phase of the project.Baru has met all the requirements of the Indonesian government and has been granted its environmental permit. The Company has received approval for the upgrade of its licence to advance the Sangihe project to construction and production in 2022.The Company intends to proceed to production without the benefit of first establishing mineral reserves supported by a feasibility study. The Company cautions readers that the any production decision made by the Company will not be based on a NI 43-101 feasibility study of mineral reserves that demonstrates economic and technical viability and as such, there may be involved increased uncertainty and various technological and economic risks such as the interpretation of drill results; the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with our expectations; commodity and currency price fluctuation; failure to obtain adequate financing; regulatory, recovery rates, refinery costs, and other relevant conversion factors, permitting and licensing risks; general market and mining exploration risks and production and economic risks related to design and engineering, manufacturing, technological processes and test procedures and the risk that the project's output will not be salable at a price that will cover the project's operating and maintenance costs.Source: https://www.juniorminingnetwork.com/junior-miner-news/press-releases/2203-tsx-venture/baru/119947-baru-gold-provides-update-on-community-relations-on-sangihe-island-and-legal-victory-for-indonesian-government.html

Indonesia’s electric dreams could become reality. The country is itching to make the most of its rich natural resources by developing an electric-vehicle supply chain within its own borders. As battery-powered vehicles made up less than than 1% of its auto sales last year, it has been a hard sell. Momentum is now building, though.A consortium led by battery behemoth LG Energy Solution (373220.KS) read more is investing $9 billion in a vertically integrated manufacturing project including everything from nickel smelting to assembling finished products, the Financial Times reported on Tuesday. On Friday, rival CATL (300750.SZ)announced it and partners would invest $6 billion in a similar, separate project.The government’s ultimate goals are far more ambitious. Jakarta wants to make some 140GW of batteries in 2030 – close to global output in 2020, according to the Center for Strategic and International Studies. That’s bold: policymakers’ plans hinge on selling two-thirds of those batteries in Indonesia itself, where they hope to have 2.2 million electric cars on the road by the end of the decade. Indonesians bought fewer than 1 million cars last year, almost all gas guzzlers. Electric cars also compete with hugely popular electric scooters. Nearby countries like Thailand and Vietnam are only just beginning their own efforts to foster sales of greener vehicles.Recent global events have given the Indonesian government’s plan another, unexpected catalyst. A potent mix of war in Ukraine and Covid-19 in China snarled supply chains and inflated raw material prices, bloating battery costs by as much as a fifth according to Bernstein. Meanwhile a financial crisis at major nickel producer Tsingshan triggered a market meltdown that doubled the metal’s price to $100,000 per tonne, forcing the London Metal Exchange to halt trade. Indonesia is the world’s largest nickel producer, so even with the price dropping back somewhat since, having a base there suddenly looks a lot more enticing for battery makers. It can offer secure supplies of a key ingredient and the chance to diversify beyond traditional manufacturing hubs such as China.For investors, more developed markets like China and the United States still overshadow opportunities in Southeast Asia. That may explain why shares in LG Energy Solutions and CATL hardly budged following news of their plans. Getting ahead of the pack in Indonesia, though, is still smart driving. Source: https://www.reuters.com/breakingviews/indonesias-ev-dream-gets-15-bln-spark-reality-2022-04-20/

Metso Outotec says it will deliver its 100th Anode Casting Shop to PT Smelting’s (PTS) copper smelter in Gresik, East Java, Indonesia. The OEM, which says it has been a frontrunner in the development of anode casting technology for several decades, says the Gresik project is a true milestone for the company.Today, most of the world’s copper anodes are produced with Metso Outotec’s proprietary anode casting technology, it stated. Sami Maaniittu, Director, Anode Casting, Metso Outotec, said the system to be delivered to PTS is one of the world’s largest Twin Wheel Anode Casting Shops with a guaranteed capacity of 120 t/h.Metso Outotec’s predecessor companies started the development and testing of automatic anode casting already in 1969 in Harjavalta, Finland. “Before that, castings were made manually with controlled ladle tilting,” Maaniittu said. “The first anode weighing and casting machine was delivered to the USA in 1972, and a year later, the first complete anode casting shop was installed at the Harjavalta Smelter in Finland.”Metso Outotec’s Twin Wheel Casting concept, paving the way for today’s standard, was developed in the 1990s. The equipment design significantly improves casting capacity and provides more efficient use of floor space, according to the company. The wheels are supported on large centre bearings and driven by double drive systems developed to eliminate the backlash effect in the wheel movement and to ensure even quality.The first Twin Wheel Anode Casting Shop systems were delivered in 1997. Since then, the Twin Wheel has become the first choice of high-capacity anode casting shops, according to Metso Outotec.Today, most of the anode casting shops supplied by Metso Outotec are fully electric without any hydraulic systems. Their high level of automation ensures premium anode quality with excellent weight accuracy and low reject rate combined with high capacity and availability, the company said. Metso Outotec Anode Casting Shops are safe and easy to operate and feature low energy consumption.In addition to full anode casting systems, Metso Outotec offers a variety of modular updates for the existing installations, including automation and services.Source: https://im-mining.com/2022/04/20/metso-outotec-to-deliver-100th-anode-casting-shop-to-indonesian-copper-smelter/

PT Adaro Energy Indonesia Tbk (ADRO) wants to immediately realize and develop the aluminum business . "Our Adaro Aluminum will be realized as soon as possible. We hope to start this year," said President Director of PT Adaro Energy Indonesia Tbk (ADRO), Garibaldi Thohir or who is familiarly called Boy Thohir in a virtual meeting, Monday (18/4/2022) .Adaro Energy Indonesia will focus on the execution of the project and hopes it will be realized in 2024. Boy Thohir stated that the aluminum business will be the company's focus going forward. "Then in 2023 we will focus on how we can execute the project well and we hope that in 2024 it will be realized," he said.However, he admits that he has to prove to the market that he is able to carry out his project well. "As is known, the name of the project, we honestly have to prove to the market that Adaro can execute this project well," he said.Boy Thohir is optimistic about the steps taken by the company to develop the aluminum business. The company is trying to execute the aluminum project, according to Boy, as a motivation if it is on the right track. "But to be honest, this is also our motivation at Adaro that the path we are going to take is the right way. I am very optimistic," he said.Boy gave an example, one of the aluminum business prospects saw the Lucid brand that uses aluminum. "It turns out that the high-end battery car is made of aluminum . Lucid is a new brand in America, all aluminum," he said.Source: https://www.liputan6.com/saham/read/4942079/adaro-fokus-garap-proyek-aluminium

PT Darma Henwa Tbk (DEWA), a coal mining company, has paid off its debts worth USD 23.80 million to Highrank Investment Limites (HIL). The said debt was settled gradually after the South Jakarta District Court denies the Settlement Agreement request on September 21, 2021.“By the moment this information disclosure is put out, DEWA’s remaining debts to Highrank have been paid off,” Muhammad Baskoro, Chief Legal and Corporate Secretary of Darma Henwa, mentioned in the information disclosure quoted Monday (18/4).According to Baskoro, the instalment scheme in the debt settlement was the result of discussion between DEWA and HIL on December 31, 2021, as the South Jakarta District Court refused the request for debt conversion to company stock on December 29, 2021. “The copy of the South Jakarta District Court ruling only arrived last week (14/4), self-collected to the South Jakarta District Court,” he confirmed.DEWA’s debts to HIL emerged during the potential assets development project, which are due July 1, 2020. The management once proposed a Series B private placement arrangement to cover the said debts to its shareholders on November 6, 2020.Source: https://www.idnfinancials.com/news/42831/dewa-paid-debts-highrank-investment-limited

The presence of Government Regulation Number 15 of 2022 concerning Treatment of Taxes and/or Non-Tax State Revenue (PNBP) in the Coal Mining Business Sector is considered to have the potential to encourage state revenue.Energy and Mining Law observer at Tarumanegara University, Ahmad Redi, revealed that the presence of this regulation and the condition of coal commodity prices have the potential to boost state revenue. "Our revenue projection can be above 25% or even 28% of the mineral and coal PNBP projection," said Redi to Kontan, Monday (18/4).Redi continued, given the current high price of coal and the massive demand for coal, it is unlikely that the price will suddenly drop significantly. Redi added that the amount of tariffs imposed for IUPK as a continuation of the PKP2B was quite fair.According to him, this amount can provide an increase in state revenues. Meanwhile, business actors are protected when coal prices decline or are in low conditions.Kontan noted, referring to Minerba One Data Indonesia (MODI) data, the realization of PNBP in 2021 reached Rp 75.48 trillion. This number is the highest in the last decade. This PNBP sourced from deadrent of Rp. 0.59 trillion, Royalty Income of Rp. 43.74 trillion, Sales of Mining Products of Rp. 30.62 trillion and other income of Rp. 0.54 trillion. For this year, the government targets PNBP Minerba to reach Rp 42.37 trillion, of which the realization has now reached Rp 26.16 trillion, equivalent to 61.74% of the target.Source: https://industri.kontan.co.id/news/regulasi-pnbp-baru-sektor-batubara-berpotensi-dongkrak-penerimaan-negara

Indonesia’s government aims to establish a “special entity” by June to help secure coal supplies for the state power utility company and collect levies, energy minister Arifin Tasrif told parliament on Wednesday. Following a coal supply crunch at the start of the year that was blamed on miners’ poor compliance with a domestic sales requirement, a senior cabinet minister had proposed forming an agency to collect levies and using that revenue to help the utility PLN pay for its coal needs at market prices.Since then, however, the government and a parliamentary committee have agreed that PLN will continue to buy coal at a maximum price of $70 per tonne. “There are a number of schemes and programs being discussed, but the main point is several big miners will be assigned to supply the coal (to PLN) and the price gap would be paid by the levy,” Arifin told parliament members on Wednesday.Indonesia requires coal miners to sell 25% of their output to the domestic market at capped prices to help the government control energy prices at home. However, miners’ compliance with that rule deteriorated after global coal prices surged and they preferred to export their supplies instead. Indonesia banned coal exports in January and set stricter rules for the domestic sales requirement. Arifin told parliament on Wednesday the size of levies imposed on coal miners would depend on the size of their operations and other specifications, while other details on implementation were still being discussed.Source: https://www.mining.com/web/indonesia-aims-to-set-up-coal-levy-agency-by-june/

PT Harum Energy Tbk (HRUM) believes that energy consumption from coal will still be high this year. Taking advantage of this momentum, HRUM's management will hoist coal production and maximize its production capacity and infrastructure.This year, Harum Energy aims to grow coal production by 35% compared to 2021, which is around 3.5 million tons.Harum Energy's President Director, Ray Antonio Gunara, said that his party is working to achieve the target of increasing production while still trying to control coal mining operations and production efficiency.  "Harum Energy will use the existing fleet of heavy equipment and barges because the company still has adequate production capacity and infrastructure," said Ray, Sunday (17/4).Ray sees the demand for coal commodities in the global market is still showing a strengthening trend since the beginning of this year. The current tight supply of coal is in the midst of high consumption levels. According to him, currently the world's coal industry is influenced by two factors. First , the impact of the Russo-Ukrainian conflict, namely sanctions against Russia that have the potential to disrupt coal supply in the European market so that coal prices tend to remain high in the near term.In addition, secondly , the effect of the lockdown situation due to the recent increase in COVID-19 infections in China is expected not to have too significant an effect on coal exports from Indonesia, because energy consumption in this market is still relatively high. To support the business agenda this year, HRUM has prepared a higher capital expenditure compared to last year. In 2022 the capex prepared by HRUM is US$ 25 million, while last year the capex was only US$ 16.1 million.Ray added, HRUM has budgeted around US$ 25 million for the allocation of capital expenditure in 2022 which includes the addition of coal mining properties, purchase of vehicles, purchase of heavy equipment and maintenance of tugboats and barges, and construction of infrastructure and production facilities in nickel mining areas.He explained that part of the capex budget had been realized in accordance with the allocation set by HRUM management earlier this year. Namely, the construction of infrastructure and production facilities in the nickel mining area, the addition of coal mining properties, the purchase of vehicles, the purchase of heavy equipment and the maintenance of tugboats and barges. Source: https://industri.kontan.co.id/news/genjot-produksi-batubara-harum-energy-hrum-maksimalkan-kapasitas-produksi

PT Harum Energy Tbk (HRUM) believes that energy consumption from coal will still be high this year. Taking advantage of this momentum, HRUM's management will hoist coal production and maximize its production capacity and infrastructure.This year, Harum Energy aims to grow coal production by 35% compared to 2021, which is around 3.5 million tons.Harum Energy's President Director, Ray Antonio Gunara, said that his party is working to achieve the target of increasing production while still trying to control coal mining operations and production efficiency.  "Harum Energy will use the existing fleet of heavy equipment and barges because the company still has adequate production capacity and infrastructure," said Ray, Sunday (17/4).Ray sees the demand for coal commodities in the global market is still showing a strengthening trend since the beginning of this year. The current tight supply of coal is in the midst of high consumption levels. According to him, currently the world's coal industry is influenced by two factors. First , the impact of the Russo-Ukrainian conflict, namely sanctions against Russia that have the potential to disrupt coal supply in the European market so that coal prices tend to remain high in the near term.In addition, secondly , the effect of the lockdown situation due to the recent increase in COVID-19 infections in China is expected not to have too significant an effect on coal exports from Indonesia, because energy consumption in this market is still relatively high. To support the business agenda this year, HRUM has prepared a higher capital expenditure compared to last year. In 2022 the capex prepared by HRUM is US$ 25 million, while last year the capex was only US$ 16.1 million.Ray added, HRUM has budgeted around US$ 25 million for the allocation of capital expenditure in 2022 which includes the addition of coal mining properties, purchase of vehicles, purchase of heavy equipment and maintenance of tugboats and barges, and construction of infrastructure and production facilities in nickel mining areas.He explained that part of the capex budget had been realized in accordance with the allocation set by HRUM management earlier this year. Namely, the construction of infrastructure and production facilities in the nickel mining area, the addition of coal mining properties, the purchase of vehicles, the purchase of heavy equipment and the maintenance of tugboats and barges. Source: https://industri.kontan.co.id/news/genjot-produksi-batubara-harum-energy-hrum-maksimalkan-kapasitas-produksi

The Executive Director of the Indonesian Mining Association (IMA) Daily Executive Djoko Widajatno said that the opportunity for domestic business players to export nickel processed products to the European Union is still relatively small. Djoko reasoned that the geographical distance and the behavior of European Union buyers who are more inclined to products from Latin America have made the competitiveness of domestic industries low for the blue continent market.“The distance to Europe makes Nickel products unable to compete with smelters that process scrap around Europe, to market to Europe there are many obstacles in licensing. Europe is more interested in nickel from Latin America because they help the Hispanic race, there are elements of fellow Europeans," Djoko said via WhatsApp message, Saturday (16/4/2022).The export market for a number of countries is relatively wide open after the European Union and the United States restricted imports of oil and gas and other products from Russia earlier this year. The western bloc's trade maneuvers were carried out to cripple Russia from the economic side after the invasion launched into Ukraine since February 2022.Apart from Russia, the European Union and other western bloc countries also restrict imports from Belarus. Thus, a number of Indonesia's leading commodities such as coal, CPO, nickel processing to iron and steel could have the opportunity to fill the market void in these western countries. " Nickel products from Belarus also still come out through rats so that they reach Europe, this is difficult to predict, just as gas supplies to Europe are still passing through unknown canals," he said.Nevertheless, he said, the opportunity to export nickel processed products to the European Union could still be increased amid the geopolitical momentum this year. It's just that exporters must obtain an easy entry permit into the European Union."Currently, nickel products from smelters are already tied to investors in China, so 70 percent of the products are under contract," he said. As previously reported, the European Union agreed to ban coal imports from Russia after reports of Russian atrocities in Ukraine prompted regional officials to expand a fifth round of sanctions.The sanctions package, which also includes a ban on most Russian trucks and ships from entering EU territory, was signed by the bloc's diplomats Thursday and announced by France. The European Union (EU) has refrained from hitting Russia's energy sector in previous rounds of sanctions after Germany and Hungary blocked the move because of their dependence on Russian fossil fuels.Source: https://ekonomi.bisnis.com/read/20220416/12/1523404/eksportir-sebut-olahan-nikel-domestik-kalah-saing-di-uni-eropa