Indonesia Miner Conference & Exhibition 2026

PT Aneka Tambang Tbk Secures USD 500 Million in Loan Facilities

04 Aug 2025, 01:23 PM 1651

PT Aneka Tambang Tbk (ANTM), an Indonesian company engaged in the mining of mineral resources and related industrial activities, has announced the signing of a term loan facility agreement and a revolving credit facility agreement totaling up to USD 500 million. The agreements, effective as of August 1, 2025, involve a syndicate of lenders including DBS Bank Ltd., MUFG Bank, Ltd., PT Bank SMBC Indonesia Tbk, Sumitomo Mitsui Banking Corporation Singapore Branch, and United Overseas Bank Limited.The loan facilities are structured into two parts: a USD 250 million term credit facility (Facility A) and a USD 250 million revolving credit facility (Facility B). The interest rate is calculated as the aggregate of the margin, which is 1.025% for offshore lenders and 1.075% for onshore lenders, and the term SOFR reference rate. Facility A has an availability period of 18 months from the agreement date, while Facility B’s availability extends to 59 months. Both facilities mature 60 months from the agreement date.The company intends to use the funds for general corporate purposes, including capital expenditures, acquisitions, working capital, and payment of related fees and expenses. PT Bank DBS Indonesia will act as the agent for the finance parties, while United Overseas Bank Limited will serve as the sole coordinator. The agreements are governed by English law, with disputes to be resolved through arbitration at the Singapore International Arbitration Centre.The transaction qualifies as a material transaction under Indonesian Financial Services Authority regulations but is exempt from certain requirements, including the need for an appraiser and prior approval from the General Meeting of Shareholders (GMS). The Board of Commissioners and Board of Directors have affirmed that the disclosed information is complete, accurate, and not misleading, and that the transaction does not involve any conflict of interest.

Indonesia Tops List of Most Expansive Coal Mining Countries in Southeast Asia

04 Aug 2025, 01:23 PM 1692

Indonesia is listed as a leader in coal mining capacity expansion in Southeast Asia, with 31 million tons per year (Mtpa) of projects under development. Furthermore, of the approximately 135 million tons of coal mining capacity planned in 12 Asian countries—excluding China—Indonesia and Pakistan contribute more than half. Expanded coal mining has the potential to increase methane greenhouse gas emissions and exacerbate the climate crisis.These findings were published in the latest Global Energy Monitor (GEM) report, "Still digging 2025: Tracking global coal mine proposals." Of the 31 million tons of coal mine proposals in Indonesia per year, 15 million tons are under construction and 16 million tons are in planning. Approximately 94% of these new mining projects produce thermal coal to meet domestic power generation and export markets.However, it's also been noted that more than 40 new projects in Indonesia are still in their very early stages without clear capacity data. Furthermore, the government is currently aggressively exploring domestic metallurgical coal (coking coal) reserves to reduce reliance on imports from Russia, Australia, and China. Yet, this coal mining expansion poses risks for Indonesia."With China and India absorbing nearly two-thirds of Indonesia's coal exports by 2023, the sector faces economic risks and the threat of becoming a stranded asset. This was evident in early 2025, when Indonesian coal exports plummeted to a three-year low, driven by rising domestic production in both countries," said Dorothy Mei, Project Manager of GEM's Global Coal Mine Tracker, in a statement on Monday (August 4).Meanwhile, there are 2.27 billion tons of coal projects under various stages of development in 30 countries worldwide. Globally, Indonesia ranks eighth in terms of proposed additional coal mining capacity, while China leads by a significant margin with 1.35 billion tons of additional capacity.If all these new mining proposals are realized, an estimated 15.7 million tons of methane will be released into the air annually, equivalent to 1.3 billion tons of CO₂e, exceeding Japan's total annual emissions by 2022. As a result, global greenhouse gas emissions will skyrocket to 6 billion tons of CO₂e, equivalent to the emissions of the United States as the world's second-largest pollutant.In fact, of the 30 countries with new coal mining projects under development, 21 are signatories to the Global Methane Pledge—including Indonesia. However, only a few have submitted concrete methane mitigation plans."If these countries are truly committed to their climate targets, the solution is not to continue developing coal mines with unclear mitigation measures, but to halt new projects entirely. The most effective strategy is clear: leave the coal in the ground," said Tiffany Means, Senior Researcher at GEM.Wicaksono Gitawan, Policy Strategist at CERAH, stated that Indonesia's actions to encourage coal mining expansion are inconsistent with the energy transition targets and climate commitments under the Paris Agreement. Furthermore, President Prabowo Subianto stated that Indonesia is ready to use 100% renewable energy within the next 10 years during his visit to Brazil last month."Rather than expanding coal production, the government should start seriously preparing policies and concrete steps to massively increase renewable energy capacity and stop excessive coal use," Wicaksono explained.

TINS Pushes Toward Full-Year Production Target of 21,545 Tons

04 Aug 2025, 01:23 PM 3937

PT Timah Tbk ( TINS ) has set a tin metal production target of 21,545 metric tons by December 2025.Extra work is needed to meet the remaining tin production target for the remaining months of 2025. TINS tin production in the first half of 2025 was only 6,870 metric tons.TINS tin metal production in the first half of 2025 fell 29% compared to the same period the previous year of 9,675 metric tons."The company continues to strive to optimize production volume by increasing resources and reserves, increasing the production fleet and number of mines, securing Mining Business Permit areas, and transforming business processes to achieve targets as set by the company," said Fina Eliani, Director of Finance and Risk Management at TINS in a press release at the end of July 2025.TINS has set the main targets for 2025, namely tin ore production of 21,500 tons of Sn, tin metal production of 21,545 metric tons, and tin metal sales of 19,065 metric tons.The less than satisfactory performance of production operations in the first semester has made the company work hard to meet the production targets that have been set.Therefore, Fina said, to achieve this main target, the company's strategies include improving reserve and resource management, market leadership, production aggressiveness, and operational performance. Other key strategies include strengthening downstreaming and industrialization by supporting the electric vehicle ecosystem and energy industry, transforming business processes, developing Centers of Excellence, and optimizing portfolios.Meanwhile, the current condition and future prospects for the average price of tin metal Cash Settlement Price LME in the first semester of 2025 is USD 32,115.77 per metric ton, up 9.6% compared to the same period the previous year of USD 29,229.16 per metric ton.Bloomberg's future tin price projection is in the range of USD 29,000 - 34,000 per metric ton.In its Consolidated Financial Report for the period ending June 30, 2025, TINS noted that tin prices in the first half of 2025 showed a stable trend after experiencing severe volatility in early 2025.London Metal Exchange (LME) tin prices remain supported by tight inventories and limited supply, as Myanmar's Man Maw mine remains offline until August and Malaysia's Pulau Indah smelter is not yet fully operational.Furthermore, Indonesia's tin exports showed a significant recovery, rising 177% in the first six months of this year compared to the same period in 2024.Global demand for tin, particularly in the electronics industry, such as tin solder and tin chemicals, remains high. This is primarily driven by demand from the Japanese and Chinese markets.However, uncertainty surrounding US trade tariff policies has the potential to put downward pressure on global demand. Despite this, tin prices are likely stable due to strong global demand, although the risk of fluctuations due to geopolitical factors and limited supply remains.As of the end of June 2025, tin inventories in LME warehouses were at 2,220 tonnes, down 53.3% from 4,760 tonnes at the beginning of 2025.According to the CRU Tin Monitor, global tin production is projected to increase by 10.5% year-on-year (YoY) to 192,611 tons in the first half of 2025. Meanwhile, global tin consumption is projected to increase by 3.9% year-on-year (YoY) to 191,163 tons in the first half of 2025.

Boost in Coal Production Drives PTBA’s H1 2025 Revenue to IDR 20.45 Trillion

04 Aug 2025, 01:23 PM 3252

PT Bukit Asam Tbk ( PTBA ), reported an increase in coal production throughout the first semester of 2025. Throughout January to June 2025, PTBA's coal production volume reached 21.73 million tons, an increase of 16 percent from 18.76 million tons in the first semester of 2024."Sales volume also increased by 8 percent to 21.62 million tons from 20.05 million tons in the same period last year," said PTBA Corporate Secretary, Niko Chandra in a statement received by JawaPos.com, Monday (4/8).Furthermore, Niko explained that the sales composition consisted of 54 percent for the domestic market and 46 percent for exports. Despite declining demand from key export markets like China, PTBA managed to maintain sales performance by expanding its export reach to countries like Bangladesh, India, Vietnam, the Philippines, and Thailand.In line with increased production and sales, coal transport volume also increased by 9 percent to 19.27 million tons from 17.70 million tons previously. This increase was supported by supply chain optimization and continued strengthening of efficiency in the logistics sector."The increase in operational activities contributed to PTBA's consolidated revenue, which was recorded at IDR 20.45 trillion, up 4 percent compared to IDR 19.64 trillion in the same period last year," explained Niko."The company's total assets also grew by 2 percent, from IDR 41.79 trillion as of December 31, 2024, to IDR 42.68 trillion as of June 30, 2025," he added.Niko also stated that throughout the first half of 2025, PTBA posted a net profit of IDR 833.05 billion with an EBITDA of IDR 2.2 trillion. Global coal price pressures will be a major challenge in the first half of 2025.The ICI-3 price index recorded a correction of 14 percent annually, from USD 75.89 to USD 65.15 per ton, while the Newcastle index fell 22 percent, from USD 130.66 to USD 102.51 per ton.In response to these conditions, PTBA implemented an adaptive marketing strategy, market diversification, and managed a diverse customer portfolio. The company recorded an average selling price of IDR 930,000 per ton, a 4 percent decrease from the same period the previous year.On the other hand, operational costs also came under pressure due to rising fuel prices, which averaged IDR 14,666 per liter, a 7 percent increase compared to IDR 13,682 per liter in the same period last year. The increase in fuel consumption also coincided with increases in production volume and coal transportation distances."PTBA has consistently strengthened its operations. Despite challenging global market conditions, the company continues to record performance growth. Going forward, the company will continue to drive cost efficiency, improve asset performance, and expand its sustainable business portfolio," concluded Niko Chandra.

Indonesia’s Coal Production Hits 317.66 Million Tons in First Half of 2025

04 Aug 2025, 01:23 PM 4223

The Ministry of Energy and Mineral Resources (ESDM) recorded that coal production from January to June 2025, or the first semester of 2025, reached 371.66 million tons. This figure represents an 8.47% decrease compared to the first semester of 2024.Citing data from the Ministry of Energy and Mineral Resources' Minerba One Data Indonesia (MODI), national coal production in the first semester of 2024 reached 406.06 million tons.In addition to coal production, the volume of coal exports per Semester I-2025 was recorded at 185.98 million tons or 6.13% lower compared to the same period in 2024, which reached 198.13 million tons.Previously, the Director General of Minerals and Coal (Dirjen Minerba) of the Ministry of Energy and Mineral Resources, Tri Winarno, predicted that national coal production in 2025 would be lower compared to last year."But the point is, we haven't met the target yet. Hopefully, we'll meet the annual target. However, compared to last year, there has been a decline," Tri said at the Indonesian House of Representatives Building in Jakarta on Monday (July 14, 2025).Despite the projected decline, he said coal production is still projected to reach over 700 million tons by the end of 2025. "But above 700 (million tons)," he added.As is known, Indonesian coal production in 2024 reached 836 million tons. This is a new record, following the previous year, when Indonesian coal production reached a record high of 775 million tons.Indonesia's coal production in 2024 also exceeded the target, amounting to 117% of the 2024 target of 710 million tons. Meanwhile, Indonesia's coal production target for 2025 is 735 million tons, lower than the 2024 production target.

RMKE Successfully Transports 3.7 Million Tons of Coal in First Half of 2025

04 Aug 2025, 01:23 PM 897

PT RMK Energy Tbk (RMKE) reported that it had successfully loaded 3.7 million tons of coal by June 2025.PT RMK Energy President Director Vincent Saputra said this demonstrates the company's ability to maintain service volume despite declining global demand and prices."Coal service volume experienced a moderate decline of 5.2 percent year-on-year, primarily due to extreme weather conditions," he said, as quoted on Monday, August 4.On the other hand, the company's operational efficiency has increased significantly, with an average train loading and unloading time of only 03:09 hours per train, far below the time limit set by PT KAI.Although overall operating revenue declined by 53.5 percent due to a weakening coal sales segment, service revenue showed resilience with growth of 3.5 percent year-on-year.The company posted a gross profit of IDR 146.5 billion, 75.2 percent of which came from the services segment. Net profit was recorded at IDR 87.6 billion, reflecting RMKE's ability to maintain profitability amidst challenging market conditions.On the other hand, equity growth of 4.2 percent was driven by increased margins that maintained the company's financial health."RMKE maintained a Debt-to-Equity Ratio (DER) of 0.16 times, with a 34.3 percent reduction in financial debt, confirming the company's commitment to financial stability," Vincent continued.He added that, although the coal market is facing significant challenges, RMKE remains focused on optimizing operations and diversifying revenue."Our ability to maintain strong financial ratios, increase service revenue, and operational efficiency demonstrates our commitment to delivering value to our stakeholders, even in challenging conditions," he emphasized.

Gorontalo Minerals Aims for 2026 Production with Local Community Engagement

04 Aug 2025, 01:23 PM 1164

PT Gorontalo Minerals (GM), the Contract of Work (CoW) holder for a 24,995-hectare mining concession in Bone Bolango Regency, Gorontalo, recently held a socialization session on Environmental Impact Analysis (Amdal) for the community surrounding the mine. The event provided a platform for the company to present its long-term plans, including its strong commitment to local community empowerment.Didik B. Hatmoko, Senior Manager of PT Gorontalo Minerals, explained that the company is currently focusing on exploration activities at the Sungai Mak and Cabang Kiri locations.From the exploration results, GM has reported a JORC Resource Estimate of 392 million tonnes, with a grade of 0.49% Cu and 0.43 g/t Au, spread across several strategic locations such as Sungai Mak, Cabang Kiri, Kayu Bulan, and Motomboto.With promising resource potential, the company targets earth mineral production in 2026.Didik emphasized that this plan would be a great opportunity for the local community to get directly involved."Local communities will be empowered, for example, through employee recruitment, as suppliers, or through business-to-business collaborations with companies," said Didik.He also added that GM's construction and production permits were approved in February 2019, which provides a three-year construction period and a 30-year production period until 2052. This demonstrates the company's seriousness in carrying out its operations sustainably and in accordance with applicable regulations."We are ready to cooperate with all parties, as long as we do not violate laws and regulations," he concluded, demonstrating the company's commitment to operating transparently and building harmonious relationships with the local community.

MIND ID Bolsters Performance in First Half of 2025

04 Aug 2025, 01:23 PM 2140

In the first half of 2025, PT Mineral Industri Indonesia (MIND ID) demonstrated very positive revenue performance, despite a correction in its net profit. MIND ID recorded revenue of IDR 44.16 trillion, a sharp increase compared to IDR 25.29 trillion in the first half of 2024. This increase reflects the company's ongoing efforts to strengthen its business lines and expand in the mining and mineral downstream sectors.This 74.61% increase in revenue indicates MIND ID's resilience and adaptability in facing market dynamics, particularly in the volatile extractive industry.Decrease in Net Profit as an Impact of Industrial DynamicsDespite increased revenue, MIND ID's net profit in the first quarter of 2025 was recorded at IDR 6.62 trillion, a 33.47% decrease compared to IDR 9.95 trillion in the same period last year. This change was primarily due to a decrease in profit contribution from PT Freeport Indonesia, the main subsidiary of the MIND ID group, whose net profit fell 57.58% to IDR 4.42 trillion.This condition illustrates the challenges faced by the mining sector, particularly fluctuations in production and sales of commodities such as copper and gold.Asset Strengthening and Production Expansion StrategyDespite the profit correction, MIND ID managed to strengthen its assets, with total assets reaching IDR 302.80 trillion at the end of the first quarter of 2025, up from IDR 290.23 trillion as of December 31, 2024. This demonstrates management's success in its investment and infrastructure development strategies, which strengthen the foundation for long-term growth.In addition, the cost of revenue also increased from IDR 22.84 trillion to IDR 38.03 trillion, reflecting increased production activities and optimal management of mineral resources.Focus on Sustainable Projects and DownstreamingThroughout 2025, MIND ID reaffirmed its commitment to developing sustainable projects that support national economic growth and the development of new and renewable energy. Some of the company's priority projects include the construction of SGAR Phase II in Mempawah and the RKEF and HPAL facilities in East Halmahera, which are expected to increase production capacity and increase the added value of mineral products.This development is in line with MIND ID's mineral downstreaming strategy, which also has a positive impact on increasing the income and competitiveness of the domestic mining industry.Dividend Distribution that Benefits ShareholdersMIND ID also demonstrates its serious concern for shareholders through healthy dividend distribution. For the 2024 financial year, the company distributed dividends amounting to 55% of profit attributable to owners of the parent entity, equivalent to IDR 20.1 trillion. This dividend value represents an increase from the previous year, reflecting the company's well-maintained profitability and financial health.MIND ID Moves Toward Sustainable GrowthMIND ID's journey in the first half of 2025 featured a mixed bag of net profit dynamics, but was accompanied by significant progress in revenue, asset strengthening, and strategic projects. The company demonstrated resilience and adaptability amidst challenges in the national and global mining industry.With a focus on downstreaming, sustainable project development, and efficient management, MIND ID continues to maintain its position as one of the leading state-owned mining industry holdings that contributes positively to the Indonesian economy.

Indonesia Aims for IDR 13,000 Trillion Investment, Focusing on Mineral Downstreaming

01 Aug 2025, 06:30 PM 1391

Coordinating Minister for Economic Affairs Airlangga Hartarto has revealed that the government is targeting a total investment of IDR 13,000 trillion between 2025 and 2029.Of that amount, downstream projects in the mineral and coal (minerba) sector are expected to be the main driving force, contributing an investment of USD 20 billion, equivalent to IDR 330.26 trillion (at an exchange rate of IDR 16,513 per US dollar).Airlangga explained that as a country with abundant coal reserves, Indonesia has a great opportunity to not only export raw coal but also process it for alternative energy needs."We have large coal reserves. Downstreaming projects in the minerba sector are estimated to contribute around USD 20 billion," Airlangga said during the Indonesia Mining Forum 2025 held by Metro TV, as quoted on Sunday, August 3, 2025.Citing data from the Ministry of Energy and Mineral Resources (ESDM), Indonesia's coal resources were recorded at 97.29 billion tons and reserves at 31.71 billion tons as of December 2023. Of this total, 70% is low-quality coal, while the rest is medium and high-quality coal.This vast potential is a strong basis for promoting minerba downstreaming, such as gasification projects to produce DME (dimethyl ether) as an LPG substitute and methanol production.Government Offers Various IncentivesAirlangga noted that large-scale projects like DME are already being directed to Special Economic Zones (SEZs), and the government has provided various incentives, ranging from tax facilities to support for machinery capital expenditure.However, these projects face challenges. Despite clear resources and market potential, implementation has been slow. The Golkar Party politician expressed his hope for support from the House of Representatives (DPR) and related ministries to make the project successful."The DME project may need to be overseen by the DPR and the Ministry of Investment. We hope the project can 'hatch' (begin to run) in at least two to three years," he stated.Looking ahead, Airlangga said that mining technology must also be developed, including mastering underground mining methods. Several companies are already beginning to implement underground mining, which allows for deeper and more efficient exploration of untapped coal reserves.He also emphasized that minerba downstreaming is a crucial part of President Prabowo Subianto's directive to build domestic industrial self-sufficiency. Of the 28 commodities targeted for downstreaming, Indonesia is projected to increase its export value significantly, approaching USD 850 billion by 2040. This will also boost the GDP by about USD 236 billion and attract investments of USD 618 billion.

Petrosea (PTRO) Acquires Gold Mining Contractor

01 Aug 2025, 05:42 PM 3156

PT Petrosea Tbk (PTRO) announced on Friday (August 1, 2025) that it has signed a conditional share sale and purchase agreement to acquire all shares of HBS (PNG) Limited and its subsidiaries (HBS Group) for a total transaction value of AUD 40 million, or approximately USD 25.76 million.The agreement will become effective upon the comprehensive fulfillment of all conditions. HBS Group is a key player in providing mining and construction services, heavy equipment solutions (including the distribution of equipment, machinery, and spare parts), and property services in Papua New Guinea since 2006.HBS Group has a long history of strong partnerships and collaborations with key players in the mining sector, particularly in gold minerals. Currently, the HBS Group serves several large-scale gold mining projects in Papua New Guinea.The integration of capabilities and partnerships will provide immediate benefits, allowing the HBS Group to expand its service scope for current projects and for more diverse and larger potential projects in the future."This transaction is part of the company's business development strategy to expand internationally and diversify into the gold mineral sector. This acquisition is expected to strengthen the company's performance and position, as well as create operational synergy between Indonesia and Papua New Guinea," said Petrosea President Director Michael in an official statement on Friday (August 1, 2025).A More Comprehensive ApproachThe integration of capabilities and partnerships will provide immediate benefits, allowing the HBS Group to expand its service scope for current projects and for more diverse and larger potential projects in the future.With this, said Michael, the HBS Group will be able to offer more comprehensive solutions to address the challenges facing the industry. Moving forward, Petrosea (PTRO), through the HBS Group, will expand its range of integrated mining and construction services as well as various other services in the mining sector outside of Indonesia."The company consistently strives to create added value for all shareholders and other stakeholders, both now and in the future," he concluded.

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