Antareja Mahada Makmur Awarded Major Nickel Mining Contract in North Konawe
Antareja Mahada Makmur Awarded Major Nickel Mining Contract in North Konawe
24 Jul 2025, 08:53 AM 1546

PT Antareja Mahada Makmur (AMM), a subsidiary of national mining services company PT Putra Perkasa Abadi (PPA), has been officially appointed as the main contractor for PT Kembar Emas Sultra's (KES) nickel mining project in North Konawe, Southeast Sulawesi. The project will last five years and is scheduled to begin operations in the fourth quarter of 2025, with a target annual production of 8 million tons of nickel ore.This appointment marks AMM's expansion into the national nickel sector, strengthening the company's role in the government's focus on the downstream mineral industry supply chain.The mine's total reserves exceed 30 million tonnes, consisting of two main nickel ore types: limonite and saprolite. As the main contractor, AMM is fully responsible for project operations, from mine infrastructure development and overburden removal, ore extraction, stockpile management, and transportation to the shipping port."We greatly appreciate the formation of this synergy. A nickel project of this scale reflects PT KES's confidence in AMM's capabilities", said Muhammad Affan, Director of Business Development at PPA Group, in a written statement on Thursday (July 24, 2025) in Jakarta.Affan explained that this project is designed to run for five years with a consistent annual production target, while also being a pilot mining project that upholds the principles of sustainability."We are committed to upholding this mandate through our best performance. This project must run safely and securely, achieving production targets. We also want this project to add value to the surrounding environment and serve as an example of sustainable mining practices in accordance with Good Mining Practices", said Affan.PPA Group previously received the Aditama (Gold) award, the highest honor from the Ministry of Energy and Mineral Resources (ESDM), at the Good Mining Practice Awards in 2023 and 2024. This award was given for consistent performance in the nickel mining area managed by its subsidiaries.AMM also expressed its commitment to involving local workers in mining operations, as well as implementing sustainable social responsibility programs for the communities surrounding the project.

Indonesia Mining Ministry Proposes 18 Development Projects for Danantara Funding
Indonesia Mining Ministry Proposes 18 Development Projects for Danantara Funding
22 Jul 2025, 11:06 AM 1260

Indonesia's mining ministry has drawn up a list of 18 projects worth USD 38.6 billion to develop the country's natural resources and handed them over to sovereign wealth fund Danantara Indonesia on Tuesday for potential investment.Launched earlier this year, Danantara is Indonesian President Prabowo Subianto's main vehicle to achieve his 8% economic growth target by 2029 by managing all shares of state-owned enterprises and reinvesting the dividends in commercial projects.The development and acceleration of Indonesia's domestic processing industries is among Prabowo's top economic agenda priorities.Energy and Mineral Resources Minister Bahlil Lahadalia said the fund had the capacity to finance and manage the projects.The priority projects include eight projects for the processing of minerals and coal, two which support energy security, while the rest concern energy transition and the processing of agriculture and fishery products, Bahlil said at the handover ceremony.The government has already carried out initial studies on the proposed projects, and transferred to Danantara for further assessment and implementation.The list of projects include oil refineries and storage facilities, a plant to produce solar panels, biofuels for jets, as well as iron and alumina smelters, ministry officials said.Danantara, which recently secured a USD 10 billion credit line, will invest in the projects if they meet the fund's investment criteria, its CEO Rosan Roeslani told reporters."The financing can come from Danantara, state-owned enterprises...We can also even invite domestic or foreign private companies to make sure we can employ the best technology", Rosan said.

BYAN Strengthens Logistics with IDR 3.3 Trillion Coal Terminal Purchase
BYAN Strengthens Logistics with IDR 3.3 Trillion Coal Terminal Purchase
21 Jul 2025, 04:02 PM 1800

PT Bayan Resources Tbk. (BYAN), has acquired and developed Coal Terminal owned by PT Fajar Sakti Prima (PT FSP) for IDR 3,305,999,298,000.The dedicated coal terminal is located in Sebelang Village, Muara Pahu District, West Kutai Regency, East Kalimantan Province. The acquisition transaction was completed on June 25, 2025.Citing information disclosure from the Indonesia Stock Exchange (IDX), BYAN holds 90% of PT FSP's shares and is the primary controller of the company.Coal Terminal Development Reaches IDR 151,696,017,668 (Excluding VAT).The reason for this corporate action is based on several considerations, including that the dedicated Coal Terminal can optimize its operational activities and is more profitable in terms of price compared to other parties.PT Nirmala Matranusa (PT NMN) is the contractor for the construction of the coal terminal. Management stated that PT NMN has experience in jetty construction projects, thus increasing the certainty of completion.In addition, PT NMN has flexibility in completing projects according to what the Company expects in terms of quality, design, completion time and other matters related to project completion, compared to if it is done by other parties.PT NMN also provides a lower offer because it can reduce the Mobilization and Demobilization costs for the equipment needed by the Company, the price offered includes greater mobilization and demobilization costs so that the price offered becomes very high."Based on the scope of work, assumptions, data, and information obtained from the Company's management used in preparing the fairness opinion report, reviewing the financial impact of the Transaction as disclosed in the fairness opinion report, KJPP DAZ REKAN is of the opinion that the Transaction is fair", wrote the management.

Danantara Strengthens Nickel Project Cooperation with French Company Eramet
Danantara Strengthens Nickel Project Cooperation with French Company Eramet
19 Jul 2025, 03:58 PM 1791

The Daya Anagata Nusantara Investment Management Agency (BPI Danantara) continues to strengthen its strategic partnership with the French global mining company Eramet. This is aimed at bolstering the downstreaming of minerals in Indonesia.Danantara Chief Executive Officer (CEO), Rosan Roeslani, stated that France is currently the third-largest European Union investor in Indonesia. He stated that opportunities for cooperation between Indonesia and France remain wide open, especially with the Indonesia-European Union Comprehensive Economic Partnership Agreement (IEU-CEPA)."France is currently the third-largest investor from the European Union in Indonesia. Collaboration opportunities remain extensive, particularly supported by the joint commitment through the IEU-CEPA", he said, as quoted from the official Instagram account @rosanroeslani, Saturday (July 19, 2025).In the Breakfast Business Dialogue forum with France's largest business organization, Mouvement des Entreprises de France International (MEDEF International) some time ago, he and his team met with Eramet Group CEO, Paulo Castellari, and Eramet CEO, Jerome Baudelet.The meeting was held to explore opportunities for long-term collaboration, from strategic alignment to knowledge transfer for a sustainable downstream future."In the Breakfast Business Dialogue with France's largest business organization, Mouvement des Entreprises de France International (MEDEF International), and the Indonesian Chamber of Commerce and Industry (Kadin), I emphasized the importance of opening investment opportunities in priority sectors through the role of Danantara", Rosan said.Previously, the Daya Anagata Nusantara Investment Management Agency (BPI Danantara) entered into an investment partnership with French mining giant Eramet in a nickel downstream project. Danantara and Eramet agreed to explore the establishment of a strategic investment platform in the nickel sector, from upstream to downstream operations.The signing of this cooperation agreement was witnessed by President Prabowo Subianto and French President Emmanuel Macron on the sidelines of a bilateral meeting at the Merdeka Palace in Central Jakarta. The partnership aims to develop a sustainable and integrated ecosystem for raw materials for electric vehicle (EV) batteries in Indonesia.The parties will conduct an initial assessment to identify the most appropriate projects to maximize the potential of the national EV ecosystem, while also preparing a roadmap for future collaboration. In implementing this collaboration, the parties agree that asset management must prioritize not only efficiency and economic value but also adhere to strict international standards.Danantara Indonesia Chief Investment Officer (CIO) Pandu Sjahrir believes this partnership will strengthen Indonesia's position as a global hub in the EV battery supply chain. Pandu explained that under this partnership, Danantara will manage long-term financing to support investment development, while Eramet contributes its technical expertise and experience in running large-scale mining projects according to international sustainability standards."This partnership reflects a commitment to encouraging investment in world-class nickel downstreaming in Indonesia, which is a key pillar in strengthening the competitiveness of the national industry. This collaboration also integrates global technical capacity in environmentally conscious mining, supporting sustainable industrial development", Pandu said.The Indonesia Investment Authority (INA) also contributed to this investment collaboration. Ridha Wirakusumah, Chairman of the INA Board of Directors, welcomed the partnership and stated that this initiative is a crucial step in strengthening the supply chain and downstreaming of Indonesia's critical minerals, particularly nickel, in line with INA's investment focus in the mineral and downstream sectors."The strategic collaboration between Eramet, Danantara Indonesia, and INA combines technical excellence and a global track record in sustainable mining management with the design of a long-term funding structure that supports industrial growth", explained Ridha.

Antam is Seriously Developing EV Batteries, Involved in Six Joint Ventures
Antam is Seriously Developing EV Batteries, Involved in Six Joint Ventures
17 Jul 2025, 10:19 AM 3881

President Director of PT Aneka Tambang Tbk (Antam), Achmad Ardianto, stated that Antam is seriously pursuing projects related to the electric vehicle (EV) battery ecosystem, spanning from upstream to downstream. The company, listed under the stock code ANTM, is currently involved in at least six joint venture (JV) companies as part of this effort.This was stated by Achmad in a Hearing Meeting (RDP) with Commission XII of the DPR in Jakarta, Wednesday (16/7).“This is a long and challenging project, and it still requires government support”, he said at the Parliament Building.The downstreaming carried out by the Member of the State-Owned Mining Holding Company PT Mineral Industri Indonesia (MIND ID) is currently not limited to the construction of stainless steel projects, but also processes nickel into electric vehicle batteries.Antam's involvement in six joint ventures, aimed at creating an ecosystem from upstream mining to EV battery manufacturing, includes PT Sumber Daya Arindo (SDA), which operates a nickel mine in East Halmahera, North Maluku.The mine produces 10 million wet metric tons (wmt) of nickel ore per year, consisting of 7 million wmt of saprolite and 3 million wmt of limonite.In the next phase, PT Feni Haltim (FHT) operates a Rotary Kiln Electric Furnace (RKEF) smelter and industrial estate. ANTAM holds a 40% stake in this company, while CBL holds the remaining 60%.PT FHT produces ferronickel with a production capacity of 88 thousand tons per year, and is targeted to officially operate in 2027.“There will be an industrial area in East Halmahera called FHT, an industrial area for the development of nickel powder which will later be used to build battery materials”, continued Achmad.Third, there is a joint venture between ANTAM and CBL for the High Pressure Acid Leach (HPAL) smelter in East Halmahera which is projected to be able to produce Mixed Hydroxide Precipitate (MHP) by 2028.From HPAL, MHP will be processed into nickel sulfate, precursors, and CAM, all three of which are materials used to make electric vehicle batteries. The industry, still located in East Halmahera, is 30% owned by Indonesia Battery Corporation (IBC) and 70% by CBL.Moving to Karawang, West Java, ANTAM, through IBC together with CBL, has also laid the first stone on an electric vehicle battery factory project that will produce battery cells and modules with a capacity of 15 gigawatt hours (GWh).In the final stage, Antam also plans to build an EV battery recycling facility in East Halmahera, North Maluku. Still partnering with CBL, IBC now holds a 40% participating interest in the recycling project."We hope to produce battery products by 2028, and the battery recycling factory will be commercially operational by 2031", Achmad emphasized.He also hopes for concrete government support amid the company's commitment to building an EV battery ecosystem. One of Antam's most pressing needs, Achmad continued, is government assurance that nickel-based batteries offer numerous advantages over lithium-based batteries.In this way, he believes the value of Indonesia's nickel resources can truly be optimized for the nation's prosperity.“What we need is to ensure that nickel-based batteries become a more attractive option compared to the batteries currently on the market - whether they are lithium-based, sodium-based, or hydrogen-based,” Achmad explained.

The Government Encourages IWIP to Become a Pioneer in the National Green Nickel Industry
The Government Encourages IWIP to Become a Pioneer in the National Green Nickel Industry
16 Jul 2025, 10:07 AM 1866

The government, through the Minister of Environment (LH), Hanif Faisol Nurofiq, is encouraging the Indonesia Weda Bay Industrial Park (IWIP) to become a pioneer in the development of green nickel industry in Indonesia.This was emphasized by Hanif during a working visit to the Weda Bay industrial area in Central Halmahera, North Maluku. This visit was part of the Ministry of Environment's guidance for nickel mining and processing industry players, with the aim of strengthening environmental management in areas located in sensitive ecoregions.Hanif emphasized the importance of strengthening environmental governance in all nickel industry activities, which currently play a vital role in the global energy transition supply chain.“We believe the nickel industry can be a sector that contributes to sustainable development and the reduction of greenhouse gas emissions”, Hanif said as quoted from a written statement, Wednesday, July 16, 2025.In a dialogue with IWIP management, Hanif expressed his hope that IWIP would continue to improve its environmental monitoring and management system, as well as develop an industrial area with environmentally friendly protection principles.President Director of PT Indonesia Weda Bay Industrial Park (IWIP), Kevin He, welcomed the direction of the Minister of Environment and committed to strengthening the implementation of green industry principles. According to him, this visit is a crucial opportunity for IWIP to deepen the integration of sustainable practices into every aspect of our operations."Government support is the foundation for strengthening IWIP's efforts to promote energy efficiency, waste management, and environmental rehabilitation to keep pace with industrial growth", Kevin explained. The government, through the Minister of Environment (LH), Hanif Faisol Nurofiq, is encouraging the Indonesian Industrial Estate Weda Bay Industrial Park (IWIP) to become a pioneer in the development of a green nickel industry in Indonesia.This was emphasized by Hanif during a working visit to the Weda Bay industrial area in Central Halmahera, North Maluku. This visit was part of the Ministry of Environment's guidance for nickel mining and processing industry players, with the aim of strengthening environmental management in areas located in sensitive ecoregions.Hanif emphasized the importance of strengthening environmental governance in all nickel industry activities, which currently play a vital role in the global energy transition supply chain."We believe the nickel industry can be a sector that contributes to sustainable development and the reduction of greenhouse gas emissions", Hanif said as quoted from a written statement, Wednesday, July 16, 2025.In a dialogue with IWIP management, Hanif expressed his hope that IWIP would continue to improve its environmental monitoring and management system, as well as develop an industrial area with environmentally friendly protection principles.President Director of PT Indonesia Weda Bay Industrial Park (IWIP), Kevin He, welcomed the direction of the Minister of Environment and committed to strengthening the implementation of green industry principles. According to him, this visit is a crucial opportunity for IWIP to deepen the integration of sustainable practices into every aspect of our operations."Government support is the foundation for strengthening IWIP's efforts to promote energy efficiency, waste management, and environmental rehabilitation to keep pace with industrial growth", Kevin explained.Direct Inspection of Facilities and TenantsDuring the visit, Minister Hanif personally inspected several facilities and tenants in the industrial area, including the PT Weda Bay Nickel mining area. During his visit to the mining area, he emphasized environmental management in areas that function as water retention and land cover.He directly observed the mine's water management system, including the settling ponds that treat water before it is released into the environment. He also appreciated the clear water conditions and well-organized infrastructure, which he considered to be examples of good environmental management practices.Afterward, Hanif also inspected the domestic waste incinerator facility, which plays a crucial role in reducing the burden on landfills (TPA) and minimizing the risk of pollution. He emphasized the importance of monitoring combustion temperatures, managing emissions, and handling residues in accordance with environmental quality standards.After visiting the PT WBN mining area, Hanif conveyed the need to accelerate environmental rehabilitation, particularly revegetation of open land with local plants. "Rehabilitation must be carried out as quickly as possible. There is no need to wait for the entire area to be mined", he said. With consistent compliance with environmental regulations and government support, IWIP hopes to carry out environmentally friendly operations and be able to coexist harmoniously with the surrounding community.

Freeport Indonesia Targets 441,000 Tons of Copper Cathode Production by 2025
Freeport Indonesia Targets 441,000 Tons of Copper Cathode Production by 2025
16 Jul 2025, 09:48 AM 3652

PT Freeport Indonesia is targeting copper cathode production from their new smelter to reach 441 thousand tons by 2025. In addition to copper cathodes, Freeport has also started producing gold and silver bullion as part of the domestic mining downstreaming process.PT Freeport Indonesia President Director Tony Wenas stated that the mine's downstream operations have now achieved copper metal production with a purity of 99.99 percent. However, he said the next challenge lies in developing further downstream operations in the manufacturing sector. "We in the mining sector are already producing copper metal with a purity of 99.99 percent. But further industrial development is still a challenge", Tony said when met at the parliamentary complex in Jakarta on Wednesday, July 16, 2025.Regarding plans to increase production capacity, Tony stated that mining product processing cannot be as flexible as the manufacturing industry. “Mining production follows a long-term plan and cannot be increased simply because there is market demand”, he said.PT Freeport Indonesia's smelter is located in Gresik, East Java. This copper, gold, and silver processing center was inaugurated by the seventh president, Joko Widodo, on Monday, September 23, 2024.The smelter's construction required an investment of IDR 56 trillion. The plant will process 1.7 million tons of copper concentrate transported from Papua. Tony Wenas stated that the Gresik smelter is the second-largest single-line smelter in the world.Tony stated that the smelter's operation makes PT Freeport Indonesia the world's largest upstream-downstream copper mining company. "And this is part of the President's downstream program and to supply the copper needed for electric vehicles and the energy transition", he said.

Petrosea Secures IDR 3.5 Trillion Contract for Coal Mining in North Musi Rawas
Petrosea Secures IDR 3.5 Trillion Contract for Coal Mining in North Musi Rawas
15 Jul 2025, 04:06 PM 1855

PT Petrosea Tbk (PTRO) announced that on July 14, 2025, the company signed a mining services contract with PT Barasentosa Lestari (BSL). The contract, worth IDR 3.5 trillion, covers stripping and overburden removal services.Mining Director of PT Petrosea Tbk, Iman Darus Hikhman, stated that under this contract, his company acts as a mining services contractor for BSL at a coal mine in North Musi Rawas Regency, South Sumatra Province. "Obtaining this contract is part of Petrosea's long-term strategy to increase value creation through business expansion and development in the South Sumatra region," he said in a written statement on Tuesday, July 15, 2025.Petrosea, Iman said, also offers a variety of services for the coal and mineral mining sector, including pit-to-port services, including open-pit contract mining services, civil and infrastructure construction, mining project management services, technical and feasibility study consulting services, and mine planning and optimization services. Petrosea also offers the Minerva Digital Platform solution, which utilizes technology to improve efficiency and productivity."Petrosea also has the capability to monitor and control operational activities across various projects by utilizing real-time data through the Remote Operations Center located at the company's headquarters," said Iman.Earlier this year, Petrosea also secured new contracts, including a mining services agreement with PT Pasir Bara Prima with a life of mine duration and a contract value of IDR 17.4 trillion. In addition, Petrosea signed an Onshore Early Works EPC agreement for the Ubadari, Tangguh EGR/CCUS & Tangguh Onshore Compression (UCC) projects with a contract value of IDR 4.6 trillion and a term of 24 months, as well as a procurement and construction agreement for the development of the Pomalaa Block mine with PT Vale Indonesia Tbk with a contract value of IDR 2.8 trillion and a term of 24 months. 

ASPEBINDO Requests That Export Duties on Mining Commodities Be Implemented in Stages
ASPEBINDO Requests That Export Duties on Mining Commodities Be Implemented in Stages
15 Jul 2025, 10:29 AM 1565

Deputy Chairman of the Association of Indonesia Energy, Mineral, and Coal Suppliers (ASPEBINDO), Fathul Nugroho, has requested that export duties on mining commodities be implemented in stages and with due regard to industrial competitiveness."We understand the government's need to expand its revenue base. However, it's also important that the implementation is gradual and takes into account the cost structure faced by businesses", Fathul confirmed to ANTARA in Jakarta on Tuesday.Currently, he continued, the national mining sector is facing pressure from falling demand and commodity prices on the international market.Indonesia is one of the world's largest coal exporters. Therefore, any fiscal policy, such as export duties, has the potential to impact production flows, selling prices, and even short-term export decisions."This policy needs to be aligned with global market conditions and demand dynamics. This is reflected in the 15 percent decline in coal demand from China and 7 percent from India. We hope the government can provide flexibility through incentives for domestic mining", said Fathul.Aspebindo encourages the determination of tariffs and export duty mechanisms to be carried out by involving business associations in the process of drafting technical regulations."We believe that collaboration between the government and the business sector is key to ensuring this policy is implemented effectively without causing economic contraction, particularly in the energy sector, which is the backbone of Indonesia's exports", said Fathul.He stated his readiness to engage in active dialogue with the Ministry of Energy and Mineral Resources and the Ministry of Finance to ensure that the Export Duty policy can be implemented proportionally, maintain industrial competitiveness, and support the downstreaming and energy self-sufficiency agendas.Previously, Minister of Energy and Mineral Resources (ESDM) Bahlil Lahadalia stated that the implementation of export duties for coal and gold commodities would be carried out flexibly.He explained that export duties would be imposed when coal and gold prices were high. Conversely, if the prices of these two commodities decreased, they would be exempt from export duties.According to Bahlil, imposing export duties will burden businesses if prices on the global market are plummeting.Therefore, he emphasized that the implementation of export duty rates is better done flexibly.

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