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
KLH Has Issued Environmental Approvals for Over 400 Mining Permits
KLH Has Issued Environmental Approvals for Over 400 Mining Permits
02 Sep 2025, 02:35 AM 1343

The Ministry of Environment and Forestry (KLH) has issued more than 400 environmental approvals for mining activities across Indonesia."Based on our data, we have issued environmental approvals for over 400 mining permits today. With such cooperation, there is still much we need to do. Certainly, support from the private sector like MIND ID is very important," explained Minister of Environment Hanif Faisol at the MINDialogue event in Jakarta, quoted on Tuesday (September 2, 2025).Although MIND ID is currently responsible for managing only about 30% of the country’s mining operations, Minister Hanif expressed strong appreciation for the state-owned mining holding company’s efforts in conducting its operations in compliance with national regulations.Environment Minister Hanif Faisol also emphasized the importance of environmentally conscious economic development, as mandated by Article 33, Paragraph 4 of the 1945 Constitution. “Indonesia’s economy must be run in a sustainable and environmentally responsible manner. This is a constitutional mandate,” he asserted.According to Hanif, the number of business entities registered in the KLH’s Environmental Impact Assessment (AMDAL) system has exceeded 5 million units. As a result, monitoring environmental permit compliance remains a major challenge, largely due to limitations in human resources and technological capacity."Imagine, with a total of only 1,100 environmental inspectors, we must be able to ensure environmental feasibility for almost 5 million business units based on our AMDAL system," he said.Out of approximately 5 million business units, over two million fall into the medium to high-risk categories, requiring UKL-UPL and AMDAL documents. According to his analysis, one environmental inspector must guide and oversee over a thousand business units. "It is not possible to implement perfectly," he concluded.

MINE Secures Two Mining Support Service Contracts, Reports Revenue Growth
MINE Secures Two Mining Support Service Contracts, Reports Revenue Growth
01 Sep 2025, 05:47 PM 1123

PT Sinar Terang Mandiri Tbk (MINE/STM) recorded a 12.46% increase in business revenue to IDR 1.15 trillion in the first half of 2025, up from IDR 1.02 trillion in the same period last year. This achievement is in line with STM's increased operational activities across several projects, as well as contributions from new contracts secured at the beginning of this year.President Director of PT Sinar Terang Mandiri Tbk, Ivo Wangarry, stated that this performance realization serves as an important foundation for STM in maintaining business sustainability and ensuring a positive contribution to shareholders and all stakeholders."We are maintaining growth momentum and strengthening STM's position as a strategic partner in the mining support services sector, while also reaffirming the continuous trust placed in STM. Our expansion strategy and enhanced operational capabilities are expected to continue supporting business growth," said Ivo in his official statement on Monday (September 1).The revenue growth in H1 2025 was further supported by securing two new contracts: one with PT Sulawesi Cahaya Mineral (SCM), covering the management of mining support services and material transportation (hauling services); and the second contract is the Sampala Project with PT Erabaru Timur Lestari for the construction of an 8 KM hauling road. These two contracts further expand STM's business portfolio and solidify its position as a trusted partner in the mining support services industry.This business expansion also explains STM's increased investment in H1 2025, in the form of additional heavy equipment, supporting infrastructure, and new workforce. In line with these steps, STM's asset value rose by 24.5% to IDR 2 trillion as of June 30, 2025, from IDR 1.61 trillion last year.The increase in operational scale also affected the cost structure. Labor costs increased by 33.09% to IDR 161.64 billion from IDR 121.45 billion last year. Cost of goods sold reached IDR 929.59 billion from the previous IDR 768.81 billion. This resulted in STM recording a net profit for the current period of IDR 116.99 billion in H1 2025, compared to IDR 145.54 billion in H1 2024.STM's business expansion is also reflected in the increased depreciation expense for fixed assets, which rose to IDR 155.46 billion from IDR 89 billion in the same period last year. This increase occurred in line with the natural depreciation of heavy equipment that has been in use for a certain period. This condition reflects the high utilization rate of STM's operational assets in supporting various projects, while also affirming STM's experience and capabilities in consistently providing mining support services."We view the increase in costs from expansion not as a burden, but as a strategic investment, both in strengthening human resources and adding heavy equipment. With greater capacity, STM is increasingly ready to manage new projects while increasing future productivity," said Ivo.Ivo added that the new projects successfully secured, such as the contract with PT Sulawesi Cahaya Mineral and the Sampala Project, further reinforce the trust of strategic partners in STM's capabilities to deliver high-quality services."These new contracts are clear proof of market recognition for STM's capabilities. We are optimistic that the presence of these large-scale projects will strengthen our portfolio and open up greater growth opportunities for STM in the future," said Ivo.With the achievement of H1 2025 performance, increased investment in human resources, asset growth, and additional new contracts, the Company is optimistic it can maintain business continuity and provide long-term added value. STM will continue its expansion strategy and capability strengthening to support sustainable growth in the mining support services industry.

ARCI’s Profit Projected to Reach IDR 2 Trillion Next Year
ARCI’s Profit Projected to Reach IDR 2 Trillion Next Year
01 Sep 2025, 04:04 AM 3826

The net profit of Rajawali Group's gold issuer, PT Archi Indonesia Tbk (ARCI), is rumored to surge to IDR 2 trillion by 2026. According to information from sources familiar with the plan, ARCI aims for a net profit of IDR 2 trillion, driven by potential gold production and rising gold prices affecting the Average Selling Price (ASP).This information aligns with news that ARCI has begun working on the advanced underground mining of Pit Kopra. Based on the latest statement, the company announced it has partnered with PT Macmahon Indonesia for the development of the Pit Kopra underground mine.Management stated that this mining contract would have a positive impact on ARCI's business continuity while enhancing the company's financial and operational performance.On the other hand, global gold prices are also currently increasing. Bloomberg data shows the movement of gold prices, with COMEX gold currently at USD 3,539/troy ounce and spot gold at IDR 3,471/troy ounce.2025 Production TargetARCI itself targets a 25% increase in gold production throughout 2025 compared to last year. For context, throughout 2024, ARCI recorded gold production of 93,400 troy ounces and sales of 97,000 troy ounces.ARCI President Director Rudy Suhendra, in a public expose last June, stated that financial performance in 2025 would significantly improve, supported by increased production and the prospect of global gold prices."Several analysts have mentioned that gold prices could reach USD 4,000/troy ounce. If gold prices can reach that position, it is not impossible that this year's net profit could be 10 times higher than the previous year," said Rudy in mid-June, quoted on Monday (September 1, 2025).In line with the established targets, ARCI reported significant progress in exploration activities.ARCI recorded high-grade gold ore findings in Q3 2024, specifically 60 grams per ton with a thickness of 36 meters at a depth of 178–214 meters.Rudy Suhendra explained that the existing Pit Kopra mine has now entered the initial phase of underground mining. The company has also identified potential for further underground mining development.As for Araren Pit, which was previously affected by a landslide, is expected to resume operations in 2025, following the completion of repairs to the damaged infrastructure.

PT Agincourt Resources Wins 7 EPSA 2025 Awards, Strengthening Commitment to Sustainable Gold Mining
PT Agincourt Resources Wins 7 EPSA 2025 Awards, Strengthening Commitment to Sustainable Gold Mining
31 Aug 2025, 02:24 AM 1404

PT Agincourt Resources (PTAR), mining company behind the Martabe Gold Mine, has once again achieved a remarkable milestone by winning seven awards at the 2025 Eco-Tech Pioneer and Sustainability Award (EPSA) held by the Department of Environmental Engineering, Diponegoro University in Semarang, August 31, 2025.PTAR Environmental Monitoring Superintendent, Bayu Ariyanto, explained that the awards consisted of two gold, three silver, and two bronze medals.According to him, this achievement confirms the company's consistency in balancing environmental, social, and technological interests across all aspects of mining operations."Through innovation and cross-sector collaboration, PTAR is committed to implementing responsible gold mining practices, providing benefits to the surrounding community, while preserving the environment," said Bayu.The seven programs that were appreciated include First, Bagas Silua Gallery (Bronze): a marketing platform for products from 31 MSMEs partnered by Batang Toru and Muara Batang Toru.Second, Utilization of FIBC Waste into Trash Baskets (Perak): managing hundreds of tons of plastic waste since 2020 while creating jobs for the community. Third, Hypobaric Fraction Separator (Gold): technology for refining used oil up to 80% to replace diesel in explosives.Fourth, Jurung Fish Conservation with BioFAD (Bronze): preservation of endemic fish through community collaboration.Fifth, Closed-Loop Energy Reclamation with ITC (Gold): energy efficiency in the rock grinding unit that saves up to 1.36 million kWh of electricitySixth, Optimizing Copper Water Pollution Reduction with Selective Chelator (Silver): reducing mine water pollution by more than 33 tons by 2024.Seventh, Leanslope Pit Ramba Joring Innovation (Silver): redesign of mining roads to reduce diesel consumption, suppress carbon emissions, and improve workplace safety.This success continues a positive trend since 2021, where PTAR has consistently won seven awards each year at the EPSA event.This year, two outstanding innovations that have attracted attention are the use of used oil as an alternative fuel and energy efficiency in mining processing units.In addition to technical aspects, PTAR is also actively engaging the community, one of which is through the Jurung fish conservation program which received appreciation in the Eco-System Protection category."Every department contributes to innovation. Our focus isn't just on operational efficiency, but also on delivering tangible environmental and social benefits," Bayu added.Meanwhile, Wijayanto, S.IP., M.Si., Ph.D., Vice Chancellor for Research, Innovation, Cooperation and Public Communication at Undip, said that EPSA was designed to encourage companies to be more creative in maintaining environmental sustainability.This year's theme, Swarna Lestari Nusantara, reminds us that environmental sustainability is part of the nation's cultural heritage.Similarly, the Head of the Central Java DLHK, Widi Hartanto, said that EPSA has become a benchmark for implementing environmentally friendly innovations in the business sector."Over the past three years, EPSA has proven its commitment to encouraging companies in Central Java to improve efficiency in energy, water, and waste management, as well as biodiversity conservation. The challenges of the climate crisis must be met with real commitment," he stressed.With this achievement, PT Agincourt Resources further strengthens its role not only as a profit-oriented mining company, but also as a pioneer of sustainable innovation that provides social benefits and maintains environmental sustainability.

UNTR Revises Plans and Prepares for Up to USD 1 Billion Acquisition
UNTR Revises Plans and Prepares for Up to USD 1 Billion Acquisition
31 Aug 2025, 02:23 AM 2408

PT United Tractors Tbk (UNTR) revised its 2025 overburden volume guidance to 1.18 billion bcm, lower than the initial target of 1.25 billion bcm and implying a 3% year-on-year decrease from the 2024 realization.The downward revision of the mine's overburden and rock removal target was due to poor weather in the first half of 2025, which hampered mining contractor activity. This was revealed by United Tractors management in a recent earnings call with analysts discussing second-quarter 2025 performance."The client's stripping ratio for 2025 is estimated to be around 7.7-7.8 times, which implies coal production of 151-153 million tons, or an increase of 2-3.4% year-on-year from the 2024 realization," Stockbit Sekuritas wrote in a note, quoted on Sunday (August 31, 2025).Meanwhile, UNTR, maintained its 2025 sales guidance for Komatsu-brand heavy equipment at 4,600 units. Sales are projected to remain relatively flat in 2026, before increasing in 2027 as the mining sector enters its heavy equipment replacement cycle.Meanwhile, coal sales volume in 2025 is estimated at 14 million tons, unchanged from initial guidance. Sales volume in 2026 is expected to be flat or slightly higher, with a projected maximum sales volume of 15 million tons.For 2027, UNTR projects an increase in sales volume to 17-18 million tons, in line with the completion of port infrastructure development.Regarding the mineral and gold segments, UNTR maintains its gold and nickel sales guidance for this year at 24 thousand oz of gold and 2 million tons of nickel, respectively.UNTR will focus on the minerals sector rather than the renewable energy sector due to the potential for larger businesses to be acquired. "UNTR is targeting acquisitions worth USD 500 million to USD 1 billion, although management did not specify a timeline," said Stockbit Sekuritas.Overall, according to Stockbit, the points conveyed by UNTR management align relatively with Stockbit's views. "We remain neutral on UNTR. Investors should monitor the progress of the acquisition plan, as a quality and scalable acquisition could be a positive catalyst for UNTR's share price," the securities broker stated.Currently, in the mining contractor sector, Stockbit is more positive on PT Darma Henwa Tbk (DEWA) and PT Petrosea Tbk (PTRO). This assessment is based on the growth drivers of each company.Stock Price Recommendations and TargetsIn the second quarter of 2025, United Tractors (UNTR) posted revenue of IDR 34.26 trillion, relatively flat quarterly (0.0% quarter-on-quarter) but up 6.7% year-on-year (yoy). Cumulatively, revenue for this subsidiary of PT Astra International Tbk (ASII) increased 6.2% year-on-year in the first half of 2025 to IDR 68.52 trillion.UNTR's net profit in the second quarter of 2025 was IDR 4.94 trillion, a 55% quarter-on-quarter increase, but a slight 0.8% year-on-year decline. This brings the company's total net profit for the first half of 2025 to IDR 8.13 trillion, a 14.7% year-on-year decline."UNTR's net profit in the first half of 2025 was still below analyst expectations, reaching 44.7%," wrote Miftahul Khaer, an equity researcher at Kiwoom Sekuritas Indonesia, in his research.Operationally, UNTR's Komatsu heavy equipment sales in the second quarter of 2025 reached 1,343 units, a 3% decrease quarter-on-quarter (QoQ) but a 31.5% increase year-on-year. Total sales for the first half of 2025 reached 2,728 units, a 27.1% increase year-on-year.Coal production in the second quarter of 2025 reached 36 million tons, up 2.7% quarter-on-quarter (QoQ) but down 3.3% year-on-year. Gold sales reached 368,000 ounces, up 19.3% quarter-on-quarter (QoQ) or 33.2% year-on-year. Nickel sales reached 562,000 WMT, up 7% quarter-on-quarter (QoQ) or 12.3% year-on-year."Despite challenges in several segments, UNTR demonstrated resilience in its construction and gold mining business lines, while also facing margin pressure across its operations," Miftahul said.Kiwoom Sekuritas recommends holding UNTR shares. Based on multiple valuation methods (DCF, P/E, and PBV) and a projected decline in net profit, UNTR's target share price for the next 12 months has been revised to IDR 26,775 from IDR 28,725.

Antam Records Net Profit of IDR 5.14 Trillion
Antam Records Net Profit of IDR 5.14 Trillion
30 Aug 2025, 02:09 AM 2141

PT Aneka Tambang Tbk (ANTM) posted a net profit of IDR 5.14 trillion during the first half of 2025. This figure increased 240 percent compared to the same period last year of IDR 1.51 trillion.Antam's President Director, Achmad Ardianto, stated that his company continues to implement innovation, cost discipline, and operational efficiency. These measures are considered to be able to maintain strong business fundamentals and sustainable growth, strengthening Antam's position as a leading mining company in Indonesia."By disciplinedly controlling costs, optimizing efficiency, and adapting strategies to market conditions, the Company has succeeded in maintaining operational stability and competitive cash production costs," he said in a written statement, quoted on Saturday, August 30, 2025.From January to June 2025, Antam recorded net sales of IDR 59.02 trillion, a 155 percent increase compared to net sales of IDR 23.19 trillion in the same period last year.Domestic sales contributed 97 percent, or IDR 57.11 trillion, to total sales. The gold segment was the largest contributor to Antam's sales, with sales increasing 163 percent, or IDR 49.54 trillion, compared to IDR 18.83 trillion in the same period last year. Gold products were the largest contributor to Antam's sales, accounting for 84 percent of total sales.Achmad said Antam's gold sales were driven by geoeconomic and geopolitical conditions, as well as the company's business strategy. "Antam recorded significant growth, again setting a record for the highest quarterly gold sales in history in the second quarter," he said.Antam posted a 23 percent increase in assets, or IDR 48.38 trillion, from IDR 39.18 trillion in the same period last year. Furthermore, Antam's equity value also increased to IDR 33.71 trillion from IDR 29.69 trillion.Meanwhile, Antam's nickel segment, such as ferronickel and nickel ore products, contributed 13 percent or IDR 7.87 trillion of total sales in the first half of 2025. Nickel segment sales jumped 125 percent.Achmad said this achievement was supported by domestic industrial demand for Antam's nickel ore products. "This confirms Antam's strategic role in supporting the development of the national downstream nickel industry ecosystem, while also strengthening the company's position as a primary raw material provider for the nickel processing and refining sector in Indonesia," he said.

French Miner Eramet Searches for Lithium in Central Java
French Miner Eramet Searches for Lithium in Central Java
27 Aug 2025, 09:46 AM 1359

French miner Eramet is currently looking for lithium potential in Central Java as the foreign investor seeks to supercharge Jakarta’s dream of building an ecosystem for electric vehicles (EVs).The search for lithium, a key ingredient in EV battery production, centers in the mud volcano Bledug Kuwu of Central Java. Eramet also partners with Indonesia’s government-run Geological Agency.“We have taken a sample to find lithium content in the volcanic area,” Eramet Indonesia’s chief executive officer Jérôme Baudelet told reporters in Jakarta on Monday, as quoted by the state news agency Antara.Eramet is currently studying the sample at its research center in France. If the lithium content is low, it is impossible for Eramet to begin industrialization in the area, according to Baudelet. Under the partnership, Eramet will provide the technology necessary to find lithium. Once lithium is discovered, they will move on to the exploitation phase in which the output will go into Indonesia’s development EV battery industry. In other words, the lithium won’t leave the country for exports.Geological Agency’s head Mohammad Wafid said that Indonesia currently already possessed other minerals that were also key to EV battery production, namely nickel and cobalt. The Southeast Asian country even holds the world’s largest nickel reserves.Eramet’s main presence in Indonesia is at the Weda Bay Nickel joint venture. The company runs an open-pit nickel mining operation in North Maluku’s Halmahera in a joint venture that it shares with Chinese stainless steelmaker Tsingshan and state-owned miner Antam. The site accounts for around 17 percent of the world’s nickel production. Eramet has also partnered with Jakarta's sovereign funds Danantara and the Indonesia Investment Authority (INA) in a deal related to the nickel-based battery materials.

Archi Indonesia (ARCI) Engages Macmahon to Work on Underground Mining Operations
Archi Indonesia (ARCI) Engages Macmahon to Work on Underground Mining Operations
27 Aug 2025, 09:36 AM 2879

PT Archi Indonesia Tbk (ARCI), through its subsidiary, PT Tambang Tondano Nusajaya (TTN), officially appointed PT Macmahon Indonesia as the mining services contractor for the underground Copra mine. The agreement was signed on August 25, 2025."The Company's subsidiary, namely PT Tambang Tondano Nusajaya (TTN), has entered into a cooperation agreement with PT Macmahon Indonesia, a third-party company, through a Copra Underground Mine Development Service Contract," said ARCI Corporate Secretary, Hidayat Dwiputro Sulaksono.Under this contract, Macmahon Indonesia will provide various services related to mine development, blasting activities, loading and stockpiling of materials, rock support, installation, maintenance of tunnel mining services, and complete the development safely with a cooperation period of 34 months.The exact value of the cooperation transaction was not disclosed, but management emphasized that this collaboration is believed to provide added value for the Company."Providing a positive impact on the Company's business continuity and improving the Company's financial and operational performance," Hidayat emphasized.

Banyuwangi Emerges as Home to Indonesia’s Third Largest Copper Mine
Banyuwangi Emerges as Home to Indonesia’s Third Largest Copper Mine
27 Aug 2025, 02:05 AM 2053

Banyuwangi Regency is not only rich in natural scenery but also holds world-class mineral potential. After gold, it has now been revealed that this easternmost region of Java has the third-largest copper mining potential in Indonesia.This news was conveyed by Roelly Fransza, General Manager of Operations (GMO) and Head of Mining Engineering (KTT) at PT Bumi Suksesindo (PT BSI). He stated that in March 2024, the Mineral Resources Estimate (MRE) indicated an increase in mineral reserves, reaching 8.2 million tons of copper and 22.9 million ounces of gold."When the Tujuh Bukit Copper Project is operational, it will be the third-largest copper mine in Indonesia. It has the potential to increase Indonesian copper production by 10-15 percent," he said on Wednesday (August 27, 2025).Roelly, as he is familiarly known, added that the pre-feasibility study also indicated significant economic benefits for developing an underground mine at Mount Tumpang Pitu in Sumberagung Village, Pesanggaran District. This potential is projected to be long-lived and globally significant with a phased approach."At peak production, it will process 24 million tons of ore per year, producing 110,000 tonnes of copper and 350,000 ounces of gold over 30 years," he explained.As an investor, this subsidiary of PT Merdeka Copper Gold Tbk is committed to making a positive impact on both the central and regional governments, through tax and non-tax contributions, job creation, business opportunities for local companies, and Community Development and Empowerment (PPM) programs, also known as Corporate Social Responsibility (CSR).For your information, PT BSI, which operates in Pancer Hamlet, Sumberagung Village, Pesanggaran District, Banyuwangi, has been designated as a National Vital Object (Obvitnas) through the Decree of the Minister of Energy and Mineral Resources Number 159.K/90/MEM/2020.This Domestic Investment Company (PMDN) holds a Production Operation Mining Business Permit (IUP OP) based on Decree No. 188/547/KEP/429.011/2012. This permit covers five villages in Pesanggaran District: Sumberagung, Pesanggaran, Sumbermulyo, Sarongan, and Kandangan.PT BSI also continues to demonstrate its commitment to local communities through eight core Community Empowerment (PPM) programs. These programs cover education, health, employment, economic independence, socio-cultural preservation, environmental protection, community organization formation, and infrastructure development.

Eramet Indonesia Targets 42 Million Tons of Nickel Production by End of 2025
Eramet Indonesia Targets 42 Million Tons of Nickel Production by End of 2025
25 Aug 2025, 02:10 AM 3504

Eramet Indonesia is targeting nickel ore production of 42 million tons by 2025, after receiving an additional quota from the Ministry of Energy and Mineral Resources (ESDM). The same target is projected for next year.Eramet Indonesia CEO Jérôme Baudelet said the company initially only received a production permit for 32 million tons. However, the Ministry of Energy and Mineral Resources (ESDM) granted an additional quota extension of 10 million tons, increasing this year's total production target to 42 million tons."Initially, our RKAB was 32 million tons, but recently we received an extension from the Ministry of Energy and Mineral Resources for another 10 million tons. So, this year's production estimate is around 42 million tons," Jérôme told reporters after the Eramet Journalist Class: Understanding the Indonesian Nickel Industry – Current Perspectives and Sustainable Practices, Monday (25/8/2025).He said production in 2026 is expected to remain at the same level at around 42 million tonnes.Jérôme revealed that nickel reserves at the Weda Bay mine are still large enough to support mining activities for more than two decades. However, plans to increase production capacity to 60 million tons per year are still awaiting government approval.Development of Collaboration with DanantaraThe composition of Eramet Indonesia's production within the target includes 30 million tons of saprolite, most of which is supplied to Morowali Industrial Park (MPI), around 3 million tons for the internal needs of the Eramet factory, and 12 million tons of limonite allocated to support the needs of the High Pressure Acid Leach (H-PAL) industry in Weda Bay.Eramet Indonesia CEO Reveals Developments in Collaboration with DanantaraPreviously, Eramet Indonesia stated that collaboration with BPI Danantara and the Indonesia Investment Authority (INA) in building an ecosystem for raw materials for electric vehicle (EV) batteries is still ongoing.Eramet Indonesia CEO Jerome Baudelet said he could not yet elaborate on the details of the memorandum of understanding (MoU) as it was still under discussion.Nevertheless, Jerome confirmed that Eramet would continue discussions regarding several potential projects with national investment institutions. PT Weda Bay Nickel (WBN) is also involved in this process.Still in the Early Stages of Discussion"We are in discussions with Danantara and INA to collaborate. Weda Bay Nickel is clearly involved in these discussions," Jerome said at the Eramet Journalist Class event: Understanding the Indonesian Nickel Industry – Current Perspectives and Sustainable Practices, Monday (August 25, 2025).Jerome explained that because the MoU is still in its early stages, he cannot yet divulge further details regarding the plans being developed. He also added that some information cannot be made public yet, as discussions are still ongoing."This is still an early stage of discussions. Obviously, there's a degree of confidentiality involved, but at least the talks are progressing. INA and Danantara are excellent partners," he concluded.Eramet: Indonesia Will Be the World's Largest Nickel Producer in 10 YearsPreviously, Eramet Indonesia, part of Eramet, a French multinational mining and metallurgical company, believed that Indonesia would become the world's largest nickel producer. This was based on Indonesia's current reserves.Eramet Indonesia CEO Jérôme Baudelet explained that Indonesia will become the world's largest nickel producer within the next ten years. This view follows a significant increase in production over the past three to five years.By 2023, Indonesia will supply 55 percent of the world's total nickel production, increasing global dependence on Indonesia's nickel supply."We strongly believe that Indonesia will continue to be a global nickel production hub over the next 10 years. Indonesia will account for 70 percent of global nickel production during that period," said Jérôme, as quoted on Thursday (November 7, 2024).Jérôme also revealed that production at Weda Bay Nickel, Eramet's joint venture with Tsingshan, is also showing rapid growth. By 2024, Weda Bay Nickel's nickel production will reach 32 million tons, in line with the production quota set in the Work Plan and Budget (RKAB).

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