Mempawah Smelter Accelerated: Danantara Targets Completion by 2028

Mempawah Smelter Accelerated: Danantara Targets Completion by 2028

07 Feb 2026, 02:40 AM
MEJA Accelerates Coal Production Target to 1.5 Million Tons
MEJA Accelerates Coal Production Target to 1.5 Million Tons
09 Feb 2026, 02:43 AM
PT Anugrah Energi Kalimantan Supports Mine Electrification for Green Energy Transition
PT Anugrah Energi Kalimantan Supports Mine Electrification f...
09 Feb 2026, 03:02 AM
Prabowo Invites Australia to Invest in Nickel-to-Gold Downstreaming
Prabowo Invites Australia to Invest in Nickel-to-Gold Downst...
06 Feb 2026, 03:05 AM
Adhi Kartiko (NICE) Secures Rp100 Billion Loan from Bank UOB Indonesia
Adhi Kartiko (NICE) Secures Rp100 Billion Loan from Bank UOB...
09 Feb 2026, 03:08 AM
Vale Indonesia: Danantara Interested in Investing in Three Nickel Smelters
Vale Indonesia: Danantara Interested in Investing in Three Nickel Smelters
12 Sep 2025, 12:16 PM 1844

Director and Chief Project Officer of PT Vale Indonesia Tbk (INCO), Muhammad Asril, stated that the Investment Management Agency (BPI) Danantara is interested in investing in three of Vale Indonesia's nickel processing facility projects."I can say that the investment opportunity is open, and to my knowledge, there are initial discussions with Danantara to join the three development projects," said Asril in Jakarta, Thursday, September 11, 2025.The first project is being developed in collaboration with Zhejiang Huayou Cobalt—a cobalt, nickel, and lithium producer from China—and Ford Motor Company—a multinational automotive company from the United States—in Pomalaa, Kolaka, Southeast Sulawesi.The second project is located in Sambalagi, Morowali, Central Sulawesi, and is being built with GEM Co., Ltd.—a battery materials manufacturing company from China.Meanwhile, the third project, also established with Zhejiang Huayou Cobalt, is located in Sorowako, East Luwu, South Sulawesi.According to Asril, the involvement of Danantara and other investors in these projects will strengthen the funding base and accelerate the realization of the development. He emphasized the company's commitment to using environmentally friendly energy in the three smelter projects to support decarbonization efforts.He explained that approximately 80 percent of the energy needs for the Pomalaa nickel smelter project are met through heat recovery—a technology to capture waste heat from various production processes for reuse—while the rest comes from liquefied natural gas (LNG).In Sambalagi, Morowali, the project is located within an international green industrial park, with energy supply sourced entirely from renewable sources such as heat recovery, solar panels, and biomass. "In Morowali, 100 percent of the energy is renewable-based and does not use LNG," Asril said.

Construction of Antam-CATL RKEF Smelter to Begin in Late September 2025
Construction of Antam-CATL RKEF Smelter to Begin in Late September 2025
11 Sep 2025, 12:33 PM 3752

PT Aneka Tambang Tbk (ANTM) is targeting the construction of its pyrometallurgical nickel smelter, based on the rotary kiln electric furnace (RKEF) technology, to begin at the end of this month in the Feni Haltim (FHT) industrial area.This nickel refinery is part of a joint investment between Antam and a consortium led by the Chinese battery giant, Contemporary Amperex Technology Co Ltd (CATL).CATL's investment is channeled through Ningbo Contemporary Brunp Lygend Co Ltd (CBL), a joint venture with Brunp and Lygend. The latter two companies have expertise in the production of battery raw materials.Director of Finance and Risk Management, Arianto S. Rudjito, said that the company, together with CBL, is currently finalizing the selection of an engineering, procurement, and construction (EPC) contractor for the project. Arianto hopes the process can be completed to move on to the construction phase by the end of this month."[We] will make the first capital injection, with the hope of commencing construction in late September or October," said Arianto during a public expose on Thursday (September 11, 2025).The project, with an investment value reaching USD 1.4 billion, is targeted to be operational by 2027. The plant's capacity is set at 88,000 tons of nickel pig iron (NPI) per year.ANTM holds a 40% stake in the joint venture formed with CBL that controls the smelter, PT Feni Haltim (FHT)."This is in line with the plan where the construction is scheduled for completion in late 2026 and commissioning in 2027," he said.This smelter project is part of CBL's integrated investment with Indonesia Battery Corporation (IBC) under the project code "Dragon."The integrated investment, from upstream mining to electric battery assembly, is estimated to cost up to USD 6 billion, or around IDR 96 trillion.IBC, together with the CBL consortium, has signed a number of joint ventures (JV) at several stages of the EV battery business, from the upstream or nickel mining side, to the midstream, and finally to the downstream in the form of a battery cell factory.In the upstream sector, three joint ventures were formed, including PT Sumber Daya Arindo (SDA), which manages the nickel mine. Antam holds a 51% stake, while the rest is held by CBL's affiliate, Hongkong CBL Limited (HKCBL).Next, a joint venture for the pyrometallurgical plant or RKEF-based smelter and industrial area was established through PT Feni Haltim (FHT), with Antam holding a 40% share.Meanwhile, Antam holds a 30% stake in the joint venture for the hydrometallurgical or high-pressure acid leach (HPAL) plant.Other joint ventures are being worked on by IBC and CBL, including battery raw materials, battery cell assembly, and recycling. IBC tends to have a minority stake in these midstream to downstream collaborations.IBC holds a 30% stake for the battery raw material processing and battery cell assembly projects. Meanwhile, IBC gets a 40% share in the joint venture for battery recycling.

Smelter in Lingga Expected to Employ 10,000 Workers
Smelter in Lingga Expected to Employ 10,000 Workers
11 Sep 2025, 04:30 AM 964

The alumina smelter investment plan by PT Tiansan Indonesia in Dabo Singkep is currently awaiting a decision from the central government. The Regent of Lingga, M. Nizar, reminded that only four months are left to ensure the collaboration proceeds.He explained that the local government has already helped provide 400 hectares of replacement land. Three coordinate points have been submitted to be finalized by the Ministry of Defense."It's just waiting for a resolution from the central government. PT Tiansan's permit is only valid until December," said Nizar on Wednesday (September 10, 2025).According to Nizar, this project has been in process for over three years. If it materializes, the IDR 83 trillion investment will create 10,000 jobs."This isn't just for Lingga; it also supports the President's downstreaming program," he said.The local government has been in intensive communication through House of Representatives Commission I. Even the Director General of the Ministry of Defense is said to have received coordination regarding the smelter's location points."The entry point is with the central government. We hope this is finalized soon," he added.In preparation, PT Tiansan is committed to training the youth of Lingga. A total of 20 people will be sent to China for a two-year training program.The program will continue with an additional 52 people in the second phase and 100 in the third. They are being prepared to fill strategic positions at the plant, for which groundbreaking is targeted soon.“Our young people are being prepared from the outset. This shows the seriousness of the investment,” Nizar said.If all phases proceed smoothly, Lingga could become a new hub for mineral-based industry in Indonesia. The local government is optimistic that the project will significantly reduce poverty in the region.

ITMG Considers Gold Business Opportunities Following Nickel Mine Acquisition
ITMG Considers Gold Business Opportunities Following Nickel Mine Acquisition
10 Sep 2025, 12:11 PM 1936

PT Indo Tambangraya Megah Tbk (ITMG) is open to the possibility of business diversification into strategic minerals, particularly domestic gold mining.ITMG President Director Mulianto said that the company is open to managing critical minerals, including bauxite, gold, and copper. However, the realization is currently still in the observation stage."It is still under observation to ensure that we can get assets that are truly in line with our strategy. For ITMG itself, we will focus only on domestic [assets]," said Mulianto during a Public Expose Live, Wednesday (September 10, 2025).Previously, in the first half of 2025, ITMG had diversified into a strategic mineral, namely nickel. This was done through the purchase of a 9.6% stake in PT Adhi Kartiko Pratama Tbk (NICE), an issuer engaged in the nickel mining sector.As part of its diversification strategy, ITMG chose nickel due to its promising long-term growth prospects, as well as nickel's role as a strategic mineral supporting clean energy infrastructure and a key component of stainless steel.Looking ahead, ITMG Director Yulius Kurniawan Gozali said that the company has targeted sales in the range of 26.3 to 27.4 million tons in 2025. In the first semester, the achievement was 11.7 million tons."So the remaining approximately 15 million tons are projected to be sold in the second half of this year," Yulius explained.In terms of performance, the company's revenue throughout the first half of 2025 was recorded at USD 919 million, a correction of 12% due to a 19% decrease in the average selling price of coal (ASP). As a result, ITMG booked a net profit of USD 94 million for the six-month period ending June 30, 2025

Indonesia’s Merdeka Copper Gold Says Its Subsidiary Will Launch USD 300 Million IPO
Indonesia’s Merdeka Copper Gold Says Its Subsidiary Will Launch USD 300 Million IPO
08 Sep 2025, 12:25 PM 1615

PT Merdeka Copper Gold Tbk said on Monday its gold mining unit has gained approval from the regulator to launch book building for an initial public offering to raise as much as IDR 4.9 trillion (USD 300.6 million).PT Merdeka Gold Resources plans to offer as much as 1.6 billion shares in the IPO scheduled for September 17-19, it said in a statement.The company will use the proceeds as capital for its gold mining and processing business and for debt payment, the statement said.Its flagship mine in Pani Mountain in Sulawesi is estimated to have 7 million ounces of gold resources.Merdeka Gold Resources is currently constructing a processing facility for the project, scheduled to start operating in the first quarter next year.At its full operation, the Pani gold project is expected to reach peak production of 500,000 ounces of gold.Indo Premier Sekuritas, Trimegah Sekuritas Indonesia and Sinarmas Sekuritas have been hired as underwriters for the IPO. The shares are expected to be listed on Indonesia Stock Exchange on September 23.

PT Gag Nickel Resumes Operations After Receiving Green Proper
PT Gag Nickel Resumes Operations After Receiving Green Proper
08 Sep 2025, 04:29 AM 1305

PT Gag Nikel has officially started its operations as of Wednesday, September 3, 2025. This was confirmed by Tri Winarno, the Director General of Minerals and Coal (Minerba) at the Ministry of Energy and Mineral Resources (ESDM)."As far as I know, it has. As of Wednesday, September 3," said Tri when met at the ESDM Ministry on Monday (September 8, 2025).Tri added that the performance evaluation of the nickel mining company has shown positive results. PT Gag Nikel successfully achieved a green rating in the Corporate Performance Rating Program in Environmental Management (Proper)."As per Proper, it got a green. A green rating means that, if Proper has black, red, blue, green, and gold, green means it has complied with all environmental governance regulations, plus it has community empowerment programs," Tri explained.The Proper assessment for PT Gag Nikel involved several ministries, including the Ministry of Environment and Forestry (KLHK), the ESDM Ministry, and the Ministry of Marine Affairs and Fisheries (KKP)Previously, the Ministry of Energy and Mineral Resources (ESDM) had temporarily halted the operations of PT Gag Nikel Indonesia, a subsidiary of PT Aneka Tambang Tbk that holds a Contract of Work (KK) on Gag Island, Raja Ampat, Papua.The suspension was triggered by alleged mining activities that had the potential to damage the ecosystem around the operational area. PT Gag Nikel itself began operating under a KK signed during the 1997–1998 period.In 2017, the company obtained an operational production permit and secured an environmental impact analysis (Amdal) document from the government.

MIND ID Targets 21.4% Emissions Reduction in Mining Sector as Part of Decarbonization Push
MIND ID Targets 21.4% Emissions Reduction in Mining Sector as Part of Decarbonization Push
03 Sep 2025, 02:37 AM 1416

MIND ID, aims to reduce greenhouse gas emissions by 21.4% against the business-as-usual scenario, equivalent to 6.6 million tons of CO2e by 2030, through national decarbonization efforts.To achieve this target, four main scenarios have been formulated and consistently implemented across its holding members: conversion to low-carbon fuels, operational efficiency, increased use of renewable energy, and utilization of renewable energy certificates.Several tangible steps already realized in low-carbon fuel conversion include the use of B35 in PT Aneka Tambang Tbk's mining equipment, which successfully reduced emissions by approximately 13,000 tons of CO2e in 2024.Furthermore, operational efficiency is being implemented by PT Bukit Asam Tbk through the use of an electric-powered bucket wheel excavator at its coal handling facility in Tanjung Enim, reducing emissions by approximately 5,200 tons of CO2e. More than 99 percent of the energy currently used by PT Indonesia Asahan Aluminium (Inalum) is sourced from the Asahan Hydropower Plant's renewable energy.PT Timah Industri has also operated a 300-kilowatt peak rooftop solar power plant, reducing emissions by approximately 300 tons of CO2e per year. MIND ID President Director, Maroef Sjamsoeddin, stated that the company, along with all members of the MIND ID Group, will consistently enhance mineral resource management and downstream processing while prioritizing sustainability."For MIND ID, sustainability is not just an addition, but a tangible manifestation of the spirit of Mining for Indonesia and the World. This commitment is realized through concrete efforts to reduce emissions while maintaining environmental balance," he said at MINDialogue 2025 recently.Maroef stated that the MIND ID Group also continues to study the utilization of carbon offsets, carbon trading, and the use of Renewable Energy Certificates as part of long-term initiatives in its decarbonization strategy.“We believe there is still significant room for MIND ID to make greater contributions. Through decarbonization, we aim to provide tangible support in achieving national climate targets and meet global expectations for Indonesia’s green minerals,” he concluded.

MBMA Provides IDR 1.77 Trillion in Capital for Nickel Smelter Project
MBMA Provides IDR 1.77 Trillion in Capital for Nickel Smelter Project
03 Sep 2025, 02:37 AM 1282

PT Merdeka Battery Materials Tbk (MBMA) has officially disbursed funding to its affiliated entity, PT Merdeka Tsingshan Indonesia (MTI), through a Mudharabah contract mechanism.Through an information disclosure to the IDX, this transaction effectively took place on August 28, 2025. In the agreement, MBMA disbursed Mudharabah financing funds totaling IDR 1.77 trillion from the proceeds of the Mudharabah Sukuk issuance after deducting applicable emission costs."The Mudharabah Financing Funds will be used by MTI for the purpose of replacing funds obtained from loan facilities by paying a portion of the loan principal whose funds have been used to finance capital expenditures, construction costs, and project operational costs," as quoted in the IDX information disclosure, Tuesday (September 2, 2025).MBMA's management affirmed that this transaction is an affiliated transaction because MTI is a controlled company of the issuer.Regarding the ownership structure, MTI is a controlled company of MBMA through PT Batutua Prima International (BPI). BPI itself holds an 80% stake in MTI, thereby strengthening MBMA's position in the development of the nickel supply chain and the electric vehicle battery ecosystem.In line with this news, MBMA's share price rose by 2.9% to IDR 426 per share. Its market capitalization reached IDR 47.04 trillion.

MDKA’s Gold Subsidiary PT Pani Bersama (PAMA) Set for September IPO
MDKA’s Gold Subsidiary PT Pani Bersama (PAMA) Set for September IPO
03 Sep 2025, 02:25 AM 3503

PT Pani Bersama Jaya, a subsidiary of PT Merdeka Copper Gold Tbk (MDKA) which owns a giant gold mine, listing on the Indonesia Stock Exchange (IDX) through an Initial Public Offering (IPO) is gaining momentum. The corporate action is reportedly set to roll out starting in September 2025.According to a report by Katadata.co.id, this entity is set to go public on the Indonesia Stock Exchange (IDX), offering 120 million lots of shares. However, it remains unclear what stock ticker will be used by this subsidiary of PT Merdeka Copper Gold Tbk (MDKA).Based on data obtained by Katadata.co.id, Pani Bersama Jaya is currently in the Pre-Effective stage for its initial public offering (IPO). The company is said to be opening the book-building period in the first and second weeks of September.Currently, the company is reportedly awaiting approval from the Financial Services Authority (OJK) to proceed with the IPO. The shares will be offered at a maximum price range of IDR 1,500 per share during the IPO.If calculated, Pani, which manages the giant gold mine project in Gorontalo, could potentially raise a maximum of IDR 18 trillion in fresh funds. However, other reports suggest that PAMA will release 120 million shares at a maximum price of IDR 1,200, bringing the total funds collected to IDR 1.45 trillion.Katadata.co.id has sought confirmation from MDKA management regarding the news of Pani's IPO. However, as of the time of publication, the confirmation submitted to MDKA's GM Corporate Communication, Tom Malik, has not been responded to.According to the Q2 2025 activity report, management stated that the development of the Pani Gold Project is on schedule, with a completion rate reaching 67% by the end of the quarter. Detailed engineering plans and procurement processes have been completed. Meanwhile, contractors are currently installing processing infrastructure and electrical systems.Currently, the port facility is operational, and the construction of fuel storage facilities has also been completed. Operational trials are targeted for late 2025, with the first gold production expected to commence in Q1 2026.Meanwhile, copper production from the Wetar Mine this quarter reached 1,854 tons with a total cash cost of USD 3.35 per pound,an AISC of USD 4.75 per pound, and an ASP of USD 4.23 per pound.Profile of Pani Gold ProjectThe Pani Gold Project in Gunung Pani, Pohuwato Regency, Gorontalo, is being developed by PT Merdeka Copper Gold Tbk to become one of the largest primary gold mines in Indonesia and the Asia Pacific. This project boasts reserves of over 7 million ounces of gold with an estimated mine life spanning several decades.Based on the official website of Merdeka Group, leveraging its experience in managing the Tujuh Bukit Gold Mine in Banyuwangi, the Merdeka Group aims to optimize the potential of an area known as a gold-producing region since the 19th century. This project is managed through several subsidiaries that handle mining operations, processing, and the construction of supporting infrastructure.In the initial phase, the company will utilize the heap leach method with a processing capacity of up to 7 million tons of ore per year and a production target of approximately 140 thousand ounces of gold per year. Subsequently, the Merdeka Group will build a carbon-in-leach (CIL) facility with an initial capacity of 7.5 million tons per year, targeted to increase to 12 million tons per year by 2030.When both facilities are fully operational, the total combined capacity is projected to reach 19 million tons per year, with a potential peak production of up to 500 thousand ounces of gold per year. Project preparations are reported to be on schedule. The company has completed detailed engineering design, procurement of main equipment, and heap leach method trials.In addition, the construction of supporting infrastructure, such as fuel storage facilities, a port, and an electrical substation, is underway. PLN is scheduled to supply main power in 2025, while the on-site metallurgical laboratory will commence operations in early 2025.The first gold processing is targeted for late 2025, with commercial production likely to begin in early 2026.

Cita Mineral Investindo (CITA) Increases Capital in Kalimantan Aluminium Industry
Cita Mineral Investindo (CITA) Increases Capital in Kalimantan Aluminium Industry
02 Sep 2025, 05:22 PM 2392

PT Cita Mineral Investindo Tbk (CITA) has increased its paid-up capital and issued capital in PT Kalimantan Aluminium Industry (KAI).In an information disclosure to the Indonesia Stock Exchange (IDX) on August 29, 2025, KAI issued 1,896,312 new shares with a nominal value of IDR 1,896,312,000,000.CITA subscribed to 237,039 of these new shares for a total nominal value of IDR 237,039,000,000, equivalent to USD 14,557,461. Other shareholders also participated proportionally based on their respective ownership stakes in the new share issuance.As a result, KAI's shareholder composition now consists of PT Alamtri Indo Aluminium with 4,817,435 shares (65%) or a value of IDR 4,817,435,000,000; Aumay Mining Pte. Ltd with 1,667,574 shares (22.5%) or a value of IDR 1,667,574,000,000; and CITA with 926,430 shares (12.5%) or a value of IDR 926,430,000,000.The transaction carried out by CITA is part of a series of transactions for the company's capital injection into KAI throughout 2025."CITA has injected a total capital of IDR 419,250,000,000 in the current year. This amount represents 5.5% of the company's equity as of December 31, 2024, which was IDR 7,621,208,264,673," stated Cita Mineral Investindo Director, Yusak Lumba Pardede, in an information disclosure on Monday (September 1, 2025).CITA's management added that the purpose of this transaction is one of the company's steps to support KAI's aluminum smelter project located in the Kalimantan Industrial Park Indonesia, Bulungan Regency, North Kalimantan.Through this smelter, CITA contributes to the downstreaming program by creating added value for alumina products and closing the gap between aluminum supply and demand."There are no unfavorable impacts on the company's operational activities, legal standing, financial condition, or business continuity as a result of this transaction," Yusak concluded.

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