PT Indika Energy Tbk. (INDY) pocketed a loan facility worth USD 300 million equivalent to IDR 4.64 trillion from PT Bank Mandiri (Persero) Tbk. (BMRI) and PT Bank Negara Indonesia (Persero) Tbk. (BBNI).Corporate Secretary of Indika Energy Adi Pranomo said that the company and its subsidiaries signed a loan facility from BMRI and BBNI on December 28, 2023. INDY's subsidiaries that act as the initial underwriters of this loan agreement are PT Tripatra Engineering, PT Tripatra Engineers and Construction, and Tripatra (Singapore) Pte.Ltd."This facility agreement will be used to pay the company's debt," Adi said in the information disclosure, Wednesday (3/1/2024).In addition to the facility agreement, Adi said, INDY together with subsidiaries and creditors also signed a facility letter and guarantee documents in the form of an Account Pledge Agreement and a Guarantee Confirmation Agreement, as well as additional letters for agreements between creditors.The facility agreement is guaranteed pari passu based on the terms of the indenture for 5.875% senior bonds maturing 2024 of USD 575 million, and 8.250% senior notes maturing 2025 of USD 675 million.In its financial report, INDY posted revenue of USD 2.29 billion or equivalent to IDR 36.5 trillion until the third quarter of 2023. This revenue decreased by 26.64% compared to the same period last year of USD 3.13 billion.INDY's revenue was obtained from contract and service revenue of USD 229.2 million, overseas coal sales of USD 1.68 billion, coal sales to domestic customers of USD 357.1 million, and other trade of USD 25.7 million.Meanwhile, based on its segment, energy services contributed revenue to INDY of USD 184.09 million, energy resources of USD 2.04 billion, logistics and infrastructure of USD 34.2 million, and minerals of USD 21.8 million.Then green business of USD 10.6 million, and digital venture of USD 4.25 million. The decline in revenue also eroded INDY's net profit by 72.27%. INDY's net profit decreased from USD 338.3 million to USD 93.8 million or equivalent to IDR 1.49 trillion as of September 2023.Previously, INDY said that it had absorbed capital expenditure (capex) of USD 104.9 million or equivalent to IDR 1.62 trillion until 9 months 2023.Image source: Bisnis/Arief Hermawan PSource: www.market.bisnis.com/Indika Energy (INDY) Kantongi Pinjaman Rp4,64 Triliun dari Bank Mandiri & BNI

PT Bukit Asam Tbk (PTBA), a member of the MIND ID Group, started the construction of a new coal handling facility to increase coal transportation capacity through the Tanjung Enim - Keramasan railway link. This was marked by a groundbreaking procession carried out in Tanjung Enim on Saturday (12/30/2023).There are 3 new coal handling facilities built. The first is two Train Loading Stations (TLS) with a capacity of 3,000 tons per hour each along with rail loops. Then two Conveyor System lines along 13 km and 17 km, each with a capacity of 3,000 tons per hour. In addition, three dump hoppers that can be used dump trucks with capacities of 60 tons and 100 tons.The construction of these facilities is part of PTBA's collaboration with PT Kereta Api Indonesia (Persero) or KAI in the development of coal transportation between Tanjung Enim - Keramasan. Facilities and infrastructure for train transportation modes were prepared by PT KAI, while for dock facilities in Keramasan PT Kereta Api Logistik (Kalog) was built.In his speech at this event, Deputy President Director of MIND ID Dany Amrul Ichdan expressed his hope that the construction of this coal handling facility would not only advance the Company, but also bring benefits to the community."The advancement of corporate strategy must also provide benefits for sustainable community development. This is the mandate of SOEs for sustainability. That this investment will be a milestone to develop new ports in the future. This development is a legacy for the current government to be continued by the new government, creating masterpieces for Indonesia and especially SOEs," said Dany.He also advised that in strategic BUMN projects, there must be a participating industry within the framework of developing local wisdom involving the community.Meanwhile, President Director of PT Bukit Asam Tbk (PTBA) Arsal Ismail explained, increasing transportation capacity is a strategic step to support the Company's performance."PTBA is one of the largest coal producers in Indonesia with reserves of 3.02 billion tons and resources of 5.85 billion tons. Increasing transportation capacity needs to be done to accelerate the monetization of coal reserves. This project supports the Company's growth through increasing revenue from increasing coal sales volume," said Arsal.Coal transportation between Tanjung Enim - Keramasan will increase PTBA's coal transportation capacity up to 20 million tons per year. "With the addition of this capacity, PTBA can further contribute to supporting national energy security," Arsal emphasized.As a member of the MIND ID Group, PTBA's move also supports MIND ID's vision and target to become one of the Global Fortune 500 companies. Also present to witness this groundbreaking, among others, EVP Divre III Palembang PT Kereta Api Indonesia (Persero) Yuskal Setiawan, Assistant Deputy for Mineral and Coal of the Ministry of SOEs Heri Purnomo, VP Corporate Planning of PT Kereta Api Logistik (Kalog) Budi S, Associate Auditor of the South Sumatra Financial and Development Supervisory Agency (BPKP) Imron Rosidi, and the South Sumatra High Prosecutor's Office represented by the Muara Enim State Attorney's Office.Image source: PTBASource: www.ptba.co.id/Tambah Kapasitas Angkutan Batu Bara, Bukit Asam (PTBA) Bangun Fasilitas Baru

PT Bumi Resources Tbk (BUMI) has obtained the approval of the Work Plan and Cost Budget application from the Ministry of Energy and Mineral Resources (MEMR). In this case, BUMI has a Special Mining Business License for PT Kaltim Prima Coal and PT Arutmin Indonesia for the period 2024 to 2026.Director and Corporate Secretary of BUMI, Dileep Srivastava is optimistic that the company can pursue the coal production target of 80 million tons in 2024."There are no official figures yet, but it is estimated that it could reach around 80 million tons. Production is higher than in 2023. Hopefully, the price can be higher. Most of them depend on geopolitics, economy, weather, and market dynamics," BUMI Director and Corporate Secretary Dileep Srivastava told CNBC Indonesia, Tuesday (2/1/2024).For information, the Ministry of Energy and Mineral Resources has officially issued new regulations regarding procedures for drafting, submitting, and approving Work Plan in the mineral and coal mining sector. This regulation is contained in the Regulation of the Minister of Energy and Mineral Resources Number 10 of 2023.At least, there are some important points contained in this regulation. These include the distribution of activity time for Work Plan, administrative sanctions, fulfillment of essential aspects in the preparation of Work Plan and efficiency of time management.Previously, Dileep also emphasized that there are several challenges that must be faced by the coal industry. Fluctuations in coal prices and bad weather are one of the things to watch until the end of the year.According to him, the commodity cycle that makes coal price fluctuations must be watched out for because it is unpredictable.Several factors can affect prices, such as the flash floods that hit China last week.This condition caused disruption to the coal delivery railway line in Jingxing county. The distribution disruption raises concerns that coal supply will fall sharply so that the price rises. Another challenge is soaring fuel prices which are considered to increase the company's operational cost component. The regulation regarding deposits of 30% of export income for 3 months effective from August 1, 2023 is also a matter of scrutiny.Efficiency, digitalization, downstream coal, and non-coal diversification are also included as challenges in pursuing coal production targets in 2023."Time, market, and regulatory factors will play a role in market perception and outcomes. Of course, BUMI is the only debt-free company with strong equity partners, namely Bakrie, Salim & CIC, and others. Being debt-free in the current geo-eco-political environment puts BUMI at a comparative advantage," concluded Dileep.Image source: CNBC Indonesia/Firda Dwi MuliawatiSource: www.cnbcindonesia.com/Dapat Restu RKAB, Produksi Batu Bara BUMI Bisa Capai Segini

Nickel processing industry activities need to prioritize sustainable and responsible practices to reduce the environmental or social impacts they cause. Commitment to carrying out this industrial activity can be demonstrated, among other things, through International Standardization Organization (ISO) certification.One of the commitments in implementing nickel processing with sustainable and responsible practices was emphasized by Harita Nickel. This commitment is demonstrated through obtaining ISO 14001 certification for environmental management systems and ISO 45001 for occupational health and safety management systems.ISO 14001 : 2015 certification focuses on the effectiveness of environmental management systems which include important aspects, such as environmental risk evaluation, regulatory compliance, and continuous improvement. Meanwhile, ISO 45001: 2018 certification requires a consistent process in identifying hazards, reducing risks, and preventing injuries and health problems in the workplace.To obtain this ISO certification, Harita Nickel underwent a series of audit activities carried out by auditors from Societe Generale de Surveillance (SGS) Indonesia. The process of handing over the certificate from SGS Indonesia to Harita was carried out in Jakarta, Wednesday (13/12/2023).Director of Health, Safety and Environment (HSE) Harita Nickel Tonny Gultom said that nickel mining requires a long time and process. This makes nickel mining activities receive a lot of attention from various parties, not only from the production aspect, but also social and environmental responsibility. Director of Health, Safety and Environment (HSE) Harita Nickel Tonny Gultom (right) receives ISO 14001 certification for environmental management systems and ISO 45001 for occupational health and safety management systems in Jakarta, Wednesday (13/12/2023)."This certification is very important because it is our commitment to carrying out sustainable practices. "Therefore, the audit was carried out from the document aspect to implementation in the field," he said in a media discussion about world-class environmental and safety management in the nickel processing industry in Jakarta, Wednesday.Harita has been administering ISO 45001 and ISO 14001 certification since 2020, starting with an agreement and commitment to implementation by all organizational functions in the HSE management system. Then in 2022 an assessment will be carried out based on the National Standards for Occupational Safety Management System Certification from the Ministry of Manpower.After that, in February 2023 Harita received ISO45001 certification from SGS-United Kingdom Accreditation Service (SGS-UKAS) in the management of occupational health and safety management systems. Nine months later, Harita received ISO 14001 SGS-UKAS certification for environmental management systems.Various provisions or regulations from the government become our reference in operating, both in social and environmental aspects.According to Tony, this certification was also obtained because Harita had identified environmental risks according to established standards. After carrying out mining activities, reclamation is also carried out to organize, restore, improve environmental quality and maintain the ecosystem within.One of the mining practices also refers to the Decree of the Minister of Energy and Mineral Resources Number 1827 of 2018 concerning Guidelines for Implementing Good Mining Engineering Principles. The mining process starts from clearing the land, stripping top soil, removing overburden, taking limonite ore to be processed in the factory, closing the mine hole, to reclamation and revegetation. Waste storage ponds in the Harita Nickel group's nickel mining and processing industrial area on Obi Island, South Halmahera, North Maluku, Saturday (25/11/2023)."In ESDM regulations, reclamation obligations are referred to international standards. This reclamation is included in the planning document. In fact, we provide guarantees in the form of reclamation funds. "The company spends funds twice, namely to carry out reclamation and the funds are deposited in the bank which can be disbursed if it is declared to have met the criteria for successful reclamation," said Tonny.Apart from that, the company also created sediment ponds as a container for sedimentation to purify the flow of water coming out of the mining area. Meanwhile, the remaining ferronickel smelter production is processed into building material products, such as paving blocks and bricks.In accordance with the provisionsOccupational Health and Safety (OHS) and Management System Manager Harita Nickel Suprianto explained that the management of the health, safety and environmental (HSE) system is carried out in accordance with applicable laws and regulations. Then, management document guidelines are also prepared to create controlled and sustainable operations."Various provisions or regulations from the government are our reference in operating, both in social and environmental aspects. "For example, in emergency management, we are required to make improvements every year," he said.SGS Indonesia Knowledge Director Waras Putri Andrianti stated that getting ISO 14001 and ISO 45001 certification was not easy. This requires high commitment from management to staff as well as consistent implementation and continuous improvement of the standards set. PT Trimegah Bangun Persada Tbk or Harita Nickel is part of the Harita Group which operates sustainable integrated nickel mining and processing on Obi Island, South Halmahera, North Maluku. Since 2016, Harita Nickel has had a nickel saprolite smelter (smelter). Then in 2021, the company will also have nickel limonite processing and refining facilities (refinery) in the same operational area.Harita Nickel is listed as a company with the initiation of processing and refining nickel limonite (low grade) with high pressure acid leach (HPAL) technology. This technology is able to process nickel limonite which was not previously utilized into a product of strategic value in the form of mixed hydroxide precipitate (MHP).With the same technology, MHP as an intermediate product has been successfully processed into final products in the form of nickel sulfate and cobalt sulfate which are core material for making cathodes for new energy sources, namely electric vehicle batteries.Image source: KOMPAS/RADITYA HELABUMISource: www.kompas.id/Sertifikasi ISO Tandai Komitmen Pemrosesan Nikel yang Berkelanjutan

PT Harum Energy Tbk (HRUM) has a coal production target of around 6 million tons in 2024. This achievement depends on approval of the Work Plan and Budget (RKAB) in accordance with the set targets.Ray Antonio Gunara, President Director of Harum Energy, sees the prospects for the coal business in 2024 as still quite positive. Coal prices are supported by stable demand from both domestic and export markets, both markets require affordable energy sources."Even though there is potential for a correction in coal prices in 2024, it is hoped that the correction will not be as big as in 2023," said Ray to Kontan.co.id on Monday (18/12).For information, until the end of September 2023, HRUM has produced 5.4 million tons of coal. This realization increased by 43.0% compared to the same period in the previous year which only reached 3.8 million tons.To support business in the coming year, HRUM plans to allocate capital expenditure (capex) of around USD 50 million. Ray explained that this capex would be used to fund the construction of infrastructure and production facilities in the nickel mining area. Apart from that, capex will also be allocated for additional coal mining properties, maintenance of tugboats and barges, purchase of vehicles and heavy equipment.Until the end of September 2023, the total capital expenditure absorbed reached USD 17.6 million, mainly for needs related to additional mining properties in HRUM's subsidiaries, such as PT Mahakam Sumber Jaya, PT Karya Usaha Pertiwi, and PT Tanito Harum Nicke. Capex is also used for maintenance of PT Layar Lintas Jaya's barge fleet, purchasing heavy equipment and vehicles.Image source: HRUMSource: www.industri.kontan.co.id/Segini Target Produksi Batubara Harum Energy (HRUM) Untuk Tahun Depan

PT Trimegah Bangun Persada Tbk. (NCKL) provided a loan facility worth IDR 500 billion to its subsidiary PT Gane Tambang Sentosa (PT GTS).Trimegah Bangun Persada Corporate Secretary Franssoka Y. Sumarwi said the loan agreement was contained in the letter of agreement No.089/P/LGL/TBP/XII/ 2023 between the company and PT GTS dated December 8, 2023."The transaction value is a maximum of IDR 500 billion, with interest of 8% per year,"; said Franssoka in an information disclosure, Wednesday (13/12/2023).Franssoka continued, the term of the loan agreement is 5 (five) years from the date of the first loan disbursement. Meanwhile, the purpose of the loan is for capital expenditure and routine operational activities of PT GTS."There is no material impact of these events, information or material facts on the company's operational activities, law, financial condition or business continuity,"; Franssoka said.This transaction is an affiliate transaction which is exempt from the obligation to use an appraiser and obtain approval from the General Meeting of Shareholders (GMS) first, as intended in POJK No. 42/2020, because PT GTS is a Controlled Company whose shares are 99% owned by the company.The transaction is also not material because the transaction value is 20% lower than the Company's equity, as intended in Regulation Financial Services Authority No. 17/POJK.04/2020 concerning Material Transactions and Changes in Business Activities.Previously, PT Trimegah Bangun Persada Tbk. (NCKL) posted a jump in revenue to IDR 17.29 trillion during the third quarter of 2023.Based on published financial reports, Harita Nickel recorded an increase in revenue from contracts with customers of 135.11% to IDR 17.29 trillion compared to the same period last year which was recorded at IDR 7.35 trillion.This income is supported by processing nickel amounting to IDR 14.86 trillion and nickel mining amounting to IDR 2.43 trillion. The nickel processing segment is also still supported by contracts with third parties, namely Lygend Resources and Technology Co.Ltd. by 40%.NCKL management said the increasing contribution to revenue and net profit amidst weak nickel prices was supported by increased production capacity at the High Pressure Acid Leach (HPAL) smelter and Rotary Kiln Electric Furnace (RKEF) smelter."Additional Mixed Hydroxide Precipitate (MHP) production line with a capacity of 18,000 tons of nickel content per year," said management, quoted on Thursday (30/11/2023).Along with soaring revenues, the cost of goods sold also increased to IDR 11.16 trillion. This expense increased 210.33% compared to the same period the previous year amounting to IDR 3.59 trillion.Image source: NCKLSource: www.market.bisnis.com/Harita Nickel (NCKL) Kucurkan Pinjaman ke Anak Usaha Senilai Rp500 Miliar

PT Indrabakti Mustika (IBM), a business entity of PT PAM Mineral Tbk (NICL) in the nickel mining sector, plans to increase production.Ruddy Tjanaka, Director of PT IBM who also serves as President Director of NICL, said that PT IBM's future expansion plans regarding exploration and production are to remain committed to exploration activities in potential Mining Business Permit (IUP) areas. The company carries out an infill drilling strategy to find out more details regarding the condition of resource distribution and reserves."PT IBM will increase production capacity by around 39% to match the maximum capacity of the existing Feasibility Study (FS) document. In addition, in the future PT IBM will also revise the FS document to maximize the potential of existing resources and reserves, taking into account aspects of conservation and optimization of marginal reserves," he explained in a press release, Wednesday (13/12/2023).Quoting NICL's financial report as of September 2023, PT IBM has probable reserves of 3.2 million tons and proven reserves of 1.1 million tons. PT IBM's total assets reached IDR 633.89 billion.PT IBM has various commitments to sell nickel ore to all its customers, where the largest sales are made to PT Kyara Sukses Mandiri as PT IBM's main customer with various sales contracts.In 2023, PAM Mineral as a group will focus on increasing nickel production from the previous 2.1 million tonnes to 2.6 million tonnes.Ruddy Tjanaka said that in the future PT IBM will continue to involve the local community in PT IBM's business activities, where the company is committed to improving the welfare of the community and providing job guarantees. Meanwhile, the community also plays a role as PT IBM's business partner, social control, and even the initiator of Community Development programs.The Ministry of Energy and Mineral Resources awarded PT IBM the Tamasya Award 2023 for the company's achievements in community empowerment development performance.Award category for PT IBM's implementation in the field of education in internship activities for local communities for the 2022 assessment period. The award was given on December 8, 2023.Ruddy Tjanaka conveyed that the PT IBM activity that received the 2023 Tamasya Award appreciation was the Community Development and Empowerment Program (PPM) in the Education Sector with its flagship program "Training Basic Operators". According to him, the achievement of the Tamasya Award cannot be separated from the support and cooperation of all PT IBM stakeholders."For the achievement of this Tamasya Award, PT IBM thanks the Forkopimda of Southeast Sulawesi, the ESDM Office of Southeast Sulawesi Province, the Forkopimda of North Konawe Regency, the Mining Circle Community, and all parties who support the implementation of PT IBM's PPM programs," he added.In the future, PT IBM will be committed to continuing to organize PPM activities. For information, PT IBM runs a nickel mining business in Lameruru Village/Subdistrict, Langgikima District, North Konawe Regency, Southeast Sulawesi Province."The future plan for PPM activities at PT IBM still refers to the PT IBM PPM Master Plan, including continuing programs that have currently received appreciation, and implementing programs that we have designed for 2024. One of the programs that we will excel in is the use of plastic waste (environmental sector) and plant nurseries," he explained. Meanwhile, at the awards ceremony, Minister of Energy and Mineral Resources Arifin Tasrif explained that the Community Development and Empowerment Performance Award (PPM) or Tamasya Award is the government's appreciation for mineral and coal mining business entities that have carried out PPM performance well.Tamasya, which stands for Tambang Mensejahterakan Masyarakat, was held for the first time by the Directorate General of Mineral and Coal with the hope of increasing the enthusiasm and commitment of mineral and coal mining business entities in implementing the PPM program. As a result, mining activities can run well, optimally and contribute to the prosperity, especially of the communities around the mine, in a sustainable manner.Tamasya is a form of the spirit of the Directorate General of Mineral and Coal to continue to strive so that mineral and coal in Indonesia are utilized for the greatest welfare of the community, especially for people living around the mining area.Arifin hopes that this award will not only be recognition, but also an inspiration for other mineral and coal mining business entities, to continue to move forward and make improvements in the implementation of PPM. Apart from that, PPM can be a strong foundation for the nation's progress, because when it empowers individuals in society, it is hoped that various other aspects will also become better.Image source: NICLSource: www.market.bisnis.com/Grup PAM Mineral (NICL), PT IBM Siap Tingkatkan Produksi Nikel

PT Merdeka Copper Gold Tbk. (MDKA) through its subsidiary PT Bumi Suksesindo (BSI) is optimistic that the gold production target in 2023 will be achieved. The company is targeting solid gold production this year in the range of 120,000 troy ounces.PT BSI Director Riyadi Effendi said that gold production from the Tujuh Bukit gold mine, Banyuwangi by the end of this year is projected to reach 124,000 troy ounces. This figure will at least be less than the target set by the company."This year's target should be achieved and maybe a little more. 124 thousand ounces, we reached it," he said when met in Jakarta, Wednesday (13/12/2023).He also hopes that the price of gold on the world market will continue to increase. Moreover, the world gold price is currently above USD 2,000 per troy ounce."The price of gold is good now, above two thousand per ounce. "In the future, we hope that gold prices will stabilize and continue to increase," he said. he said.Furthermore, Riyadi revealed that continued production from the Tujuh Bukit Gold Mine open pit will be completed in 2026. Next, the company will switch to boosting mineral reserves in the form of underground copper (underground mining) which is expected to produce in 2027."In addition to the gold on the surface, we are in the exploration stage for the underground, copper. That's actually the target for next year, we will start construction and in two-three years we will produce the third largest," he said.Quoting the company's presentation material, based on the results of the Pre-Feasibility Study of the Tujuh Bukit Copper Project which was announced in the second quarter, it shows the potential of this project to become a world-class underground mine, with a total production capacity of 24 million tons of ore per year and can provide a maximum production of 112 thousand tons of copper and 366 thousand ounces of gold in concentrate per year.Image source: MDKASource: www.cnbcindonesia.com/Merdeka Copper Optimistis Capai Target Produksi Emas 2023

Qinfa Group Ltd., through PT Sumber Daya Energi (SDE) has so far disbursed a budget worth USD 300 million or the equivalent of IDR 4.6 trillion to build the SDE 1 underground coal mine area, out of the three planned SDE mine locations in Kotabaru, South Kalimantan.The mine with a depth of 180 square kilometers is estimated to be able to produce up to 15 years, with mineable coal reserves of 293 metric tons.Deputy for Investment Services at the Ministry of Investment, Ahmad Idrus, said that the Qinfa Group's investment in South Kalimantan is expected to be able to trigger national economic growth and investment realization targets."Investment from the Qinfa Group is very important and strategic in the context of realizing this investment," said Ahmad Idrus at the 'Inauguration of the First Production of the SDE 1 Underground Plant', Monday (18/12/2023).Ahmad Idrus said that the Ministry of Investment will support Qinfa Group in terms of licensing. Apart from that, the government will also support from a non-licensing perspective, for example fiscal facilities such as tax holiday.President Director China Qinfa Group, Xu Da, added that his party is committed to creating a positive impact, including job opportunities and empowering MSMEs around the region mine. "We are committed to improving and having a positive impact on economic growth, both locally and nationally," he said.Meanwhile, the value of this investment will continue to increase, in line with PT SDE's plans to build SDE 2 and 3 mines. Each existing mine is designed to produce 10 million tons of coal per year.The SDE 1 mine itself has officially started production starting today, Monday (18/12/2023), while the SDE 2 mine is targeted to start operating in 2024.For Information, PT SDE is the holder of a mining business permit (IUP) for foreign investment (PMA). in accordance with the Decree of the Minister of Investment/BKPM No.4/1/IUP/PMA/2023 dated 9 February 2023 with a validity period of up to 14 May 2034 with an area of ​​18,500 hectares.In carrying out mining activities, PT SDE uses underground mining methods. According to the Feasibility Study Approval document and environmental documents, PT SDE has a maximum coal production capacity of 20 million tons per year, which will make PT SDE the largest coal mining company in Indonesia that produces coal using underground mining methods.Image source: PT Sumber Daya EnergiSource: www.ekonomi.bisnis.com/China Kucurkan Rp4,6 Triliun untuk Proyek Tambang Batu Bara di Kalsel

PT Darma Henwa Tbk (DEWA) will allocate a large amount of capital expenditure (capex) next year. This coal mining contractor issuer will allocate capex of up to USD 190 million or the equivalent of IDR 2.9 trillion.DEWA Director & Corporate Secretary Ahmad Hilyadi said that capex would be used for fleet rejuvenation and building new fleets. The rejuvenation of the new fleet is expected to make production more efficient so that DEWA's production target can be achieved.The amount of capex next year is also in line with DEWA's business transformation plan. This Bakrie Group affiliated issuer is indeed quite expansive in forming new subsidiaries. Throughout this year, DEWA has formed 8 new subsidiaries.Hilyadi said that the formation of these subsidiary businesses was a form of DEWA's business transformation to focus more on one business area.“Each business unit has one value. DEWA is currently reviewing better business transformation," said Hilyadi.Meanwhile, this year, DEWA only budgeted a capex of IDR 217 billion, most of which was for the purchase of new equipment, spare parts and components to increase production.DEWA's operational performance managed to grow as of the end of September 2023. DEWA's overburden (OB) removal volume reached 149.9 million bank cubic meters (bcm), up 27% year-on-year (yoy).DEWA's coal production volume rose 2.39% yoy to 13.34 million tons. Meanwhile the volume of material moved rose 25.23% to 160.6 million tons from 127.9 million tons in the same period last year.Image source: DEWASource: www.investasi.kontan.co.id/Darma Henwa (DEWA) Alokasikan Capex Jumbo di Tahun Depan