PT Agincourt Resources won the 2023 TrenAsia ESG Award in the Gold company category with the Action title. This award reflects the company's strong commitment to the company's sustainable operational concept. Agincourt Resources has actively contributed to the improvement, maintenance and preservation of the surrounding environment. Agincourt Resources has also implemented various programs designed to provide social, economic and environmental benefits to local communities. These programs aim to encourage community independence in five main areas, namely health, education, micro-enterprise development, improving public facilities, and building positive relationships with local communities.In 2022, the company will successfully implement 132 CSR programs with a total of 30,565 beneficiaries. Agincourt Resources has also committed to adhering to the highest standards of corporate governance, adopting best practices from the international business sector, and complying with local and national regulations.In carrying out company operations, management of operational impacts on biodiversity related to Martabe Gold Mine operations is based on a strict mitigation hierarchy and is in line with best industry practices. The Martabe Gold Mine has also met most of the requirements of IFC Performance Standard 6.Protecting biodiversity in the Batang Toru Ecosystem is a long-term commitment that requires the cooperation of all key stakeholders. This involves developing and implementing strategic conservation programs and other initiatives to conserve the area's valuable biodiversity.The TrenAsia ESG Award 2023 strengthens Agincourt Resources' position as a company that not only focuses on business, but also cares about the environment and surrounding communities. This company continues to strive to carry out its operations with a positive impact for all parties involved. Chief Executive Officer (CEO) of PT Tren Media Berjejaring Sukirno said this award was given to companies that are committed to implementing environmental, social and governance (ESG) business"Congratulations to Agincourt Resources for winning the 2023 TrenAsia ESG Award in the Consumer Cyclical company category. Hopefully this award can be a motivation and example for other companies in Indonesia," he said shortly after giving awards to the winners at the Raffles Jakarta Hotel, Wednesday, 30 August 2023.Meanwhile, Chairman of the TrenAsia ESG Award Jury, Mas Achmad Daniri, revealed that the Environment, Social and Governance (ESG) aspect has become a very important topic in various circles, including business actors, governments and investors. Not only at the global level, Indonesian people's awareness of ESG is increasingly sharp.Daniri believes that with ESG practices, companies can not only pursue high profits and returns, but focus on how these profits have a positive impact on the environment and society. This is also proven by companies that have prioritized ESG, are more resilient and able to provide sustainable investment results."Companies are assessed not only based on financial performance and annual programs, but their commitment and consistency towards sustainable business. "In the assessment process, the TrenAsia ESG Award Jury found many interesting facts from the various ESG initiatives and implementation that the company has carried out, both in reports and facts on the ground," said Daniri.TrenAsia ESG Award 2023TrenAsia ESG Award 2023 is TrenAsia.com's commitment under the auspices of Trend Networked Media, which is an online media with a focus on reporting on economic, business and investment news. This event is expected to increase the commitment of companies in Indonesia in managing their ESG-based business lines.The TrenAsia ESG Award 2023 has screened more than 115 companies in 29 industrial subsectors, which were assessed based on ESG implementation and its derivative variables. The judging process starts from June to August 2023, based on sustainability reports and company annual reports for the period 2021 and 2022.The jury team for the 2023 TrenAsia ESG Award consists of Shinta Widjaja Kamdani, General Chair of the Indonesian Entrepreneurs Association (Apindo) and Deputy Chairperson, Deputy Chairperson, Coordinator for Maritime, Investment and Foreign Affairs, Indonesian Chamber of Commerce and Industry; Mas Achmad Daniri, Expert Council of the National Committee for Governance Policy (KNKG); Maria Rosaline Nindita Radyati, President Director of the Institute for Sustainability & Agility; and Adhitya Noviardi, Editor in Chief TrenAsia.com.Image source: PT Agincourt ResourcesSource: www.trenasia.com/Agincourt Resources Raih Tren Asia ESG Award 2023 Predikat Action Gold

PT RMK Energy Tbk. (RMKE) is focusing on completing the construction of a hauling road project that is integrated with several mines in Muara Enim, South Sumatra, as the company's effort to boost revenue in the remainder of 2023.Head of Investor & Public Relations RMK Energy Julius Caesar Samosir said that the project was built to connect the company's loading station to the PT Bukit Asam (Persero) Tbk mine. (PTBA) and a number of other private mines.He said this development was one of the company's steps to boost business revenue and profits in H-II/2023. Meanwhile, RMKE has so far succeeded in building 34 km of hauling roads out of a total length of 39 km."By completing construction of the hauling road to PTBA and several private mines, upstream volumes will increase and in parallel this will increase RMKE revenue," he explained when contacted by Bisnis, quoted Monday (11/9/2023).Apart from that, the company is also focused on continuing to increase production from RMKE's in-house coal mine, PT Truba Bara Banyu Enim (TBBE). Meanwhile, coal production at TBBE has increased to 150,000 tons per month, from previously 70,000 tons of coal in May 2023.Previously, RMKE had raised its revenue target for 2023. This year, the company targets revenue to increase to IDR 3.2 trillion.This is in line with RMKE's decision to increase its mining production target to 2.1 million tonnes and mining transportation services to 10.8 million tonnes.The company also managed to record operating revenues of IDR 1.3 trillion in H-I/2023 or grew 19.7 percent yoy from the same period the previous year.The growth in business revenue came from the services segment which was recorded to have increased 99.7 percent yoy in H-I/2023.On the other hand, the issuer providing coal logistics services recorded a gross profit of IDR 289.9 billion or an increase of 28.5 percent yoy in the first six months of this year. The company also posted a consolidated net profit of IDR 199.2 billion or grew 28.8 percent yoy. Image source: market.bisnis.comSource:  www.market.bisnis.com/Aiming to Increase Revenue RMKE Immediately Completes Hauling Road Project to PTBA

PT Titan Infra Energy, a company based in Indonesia, has committed to continuing to increase coal mining production. On Tuesday, August 8 2023, PT Titan Infra Energy will inaugurate the addition of a bridge on the hauling road, KM 36 B, as the first step in their efforts to increase productivity.Investment in InfrastructureRealizing the importance of infrastructure in optimizing coal mining production, PT Titan Infra Energy plans to build a number of bridges in various locations, including KM 36 B, KM 92 B, KM 110 B, and KM 25. This step is expected to help improve the company's overall performance.President Director of PT Titan Infra Energy, Darwan Siregar, in his statement to the media, explained that providing mining infrastructure and logistics is the company's main priority. With adequate infrastructure, PT Titan Infra Energy can maximize their coal production to face growing demand.ID Upgrade Phase 2Apart from building the bridge, PT Titan Infra Energy will also inaugurate ID Upgrade Phase 2. This is a continuation of ID Upgrade Phase 1 which was completed at PT Swarnadwipa Dermaga Jaya Port last February.ID Upgrade is a BLC (Belt Loading Conveyor) improvement project combined with port improvement improvements. The aim is to increase the productivity of PT Swarnadipa Dermaga Jaya port, so that they can carry out the loading process more quickly, efficiently and productively according to customer needs.Infrastructure Investment in South SumatraPT Titan Infra Energy has become a major player in the energy industry in South Sumatra. They have committed to managing mining waste well. With adequate road and port infrastructure as well as efficient waste processing techniques, Titan Infra Energy is ready to answer various challenges in South Sumatra Province.This company has brought together a team that is competent and professional in its field. They have built special road and port infrastructure for coal, ensuring that the transportation process of mining products runs smoothly and safely. From building mining transportation routes to coal loading ports, Titan Infra Energy is committed to providing the best.Sustainable Waste ManagementApart from focusing on coal production, Titan Infra Energy also continues to develop environmentally friendly coal waste processing techniques. They have tested the latest mining waste processing technology in the South Sumatra Sustainable Technology 1 project.With these steps, Titan Infra Energy seeks to strengthen mining infrastructure in Indonesia and manage mining waste in the most effective and sustainable way. They believe that responsible mining is the key to achieving shared prosperity.Mining Safety CertificationApart from focusing on productivity and sustainable waste management, PT Titan Infra Energy is also committed to work safety in their mines. They have strived to meet the highest occupational safety standards and obtain appropriate certification.Image source: Titan Infra EnergySource:  www.kompasiana.com/Titan Infra Energy Increases Coal Mine Productivity

Baru Gold Corp. (TSX-V:BARU) said it had completed the application process to request a new upgrade to Production Operation Status from the Ministry of Energy and Mineral Resources of the Republic of Indonesia (MEMR).This upgrade will replace the company's current Production Operation Activity Status, the company noted in a statement.Indonesia-focused Baru Gold told investors that the cancellation of the current Activity Stage Production Operation Approval is an administrative step and does not affect the company's Contract of Work (CoW) or permits.The new request reduces the operational area from 42,000 ha to 25,000 ha, excluding environmentally sensitive and non-gold-bearing areas mentioned in a previous lawsuit."I am very pleased with the continued support and cooperation from the MEMR. We are now in the final stages of approval for our new Stage of Activity upgrade to Production Operation Status,” CEO Terry Filbert said in a statement.Baru Gold is working to move from the phase of preparing and exploring its mining site to the phase where it can start extracting and processing minerals or resources on a larger scale. This status change often involves meeting specific regulatory, environmental, and legal requirements set by the government.“I can understand the alarm that a shareholder might experience when they discover that our current Decree from the Minister has been canceled. However, I would urge shareholders to view this action as a necessary final step in obtaining a new Stage of Activity Upgrade to Production Operation Status,” Filbert added.The CEO told shareholders that Baru had been working hard on a new application for months and was “fully aware” of the cancellation.“This cancellation is all part of the plan previously agreed to by MEMR. We have always been legally able to operate but I believe this is a better long-term solution.”The process began on July 14, 2023, and concluded on September 11, 2023.The Sangihe gold project, located off the northern coast of Sulawesi, has an existing mineral resource. Baru plans to proceed to production without first establishing mineral reserves supported by a feasibility study.Image source: Angela HarmantasSource: www.proactiveinvestors.com/Baru Gold Finalizes New Application With Indonesia For Sangihe Project

PT Petrosea Tbk ( PTRO ) signed a Memorandum of Understanding (MoU) with PT Hyundai Construction Equipment Asia, a subsidiary of HD Hyundai Construction Equipment Co. Ltd.The signing of the MoU was carried out by Romi Novan Indrawan, President Director of Petrosea and Ruddy Santoso, Chief Financial Officer of Petrosea together with Choi Cheol Gon, CEO of HD Hyundai Construction Equipment Co. Ltd and Chae Heebum, President Director of PT Hyundai Construction Equipment Asia.Petrosea and Hyundai Construction Equipment Asia plan to build a strategic partnership in providing innovative solutions for the mining, construction and heavy equipment sectors in Indonesia, especially in several business aspects including re-manufacturing partnerships, strategic machinery distributor partners, human resource development partners, as well as potential other business collaborations.Petrosea is a sustainable resources company and multi-disciplinary company in the mining, EPC, and oil and gas services sector which has various capabilities, including carrying out maintenance and refurbishment  of heavy  equipment to support the needs of all Company projects through the Petrosea Rebuild Center (PRC) located in Balikpapan, East Kalimantan.HD Hyundai has established its position as one of the most reliable manufacturers and suppliers of heavy equipment in the world, including in Indonesia and maintains its position in the market as one of the leading providers of heavy equipment solutions."We really believe that this MoU will be the start of a strategic partnership that will have a positive impact on the growth of both companies in the future," said Romi Novan Indrawan, President Director of Petrosea in a press release, Thursday (7/9).Meanwhile Choi Cheol Gon, CEO of HD Hyundai Construction Equipment Co. Ltd said, after this MoU procession, HD Hyundai hopes to continue to increase cooperation and collaboration with Petrosea in other wider distribution sectors.Going forward, Petrosea and Hyundai Construction Equipment Asia will continue their focus on prioritizing social factors and providing sustainable resources and energy as part of our commitment to prioritizing ESG as a continuation of both companies' sustainability strategies.Image source: PT Petrosea Tbk PTROSource: www.industri.kontan.co.id/Petrosea PTRO dan Hyundai Construction Equipment Asia Jalin Kemitraan Strategis

A nickel-based processing and refining site or smelter will soon be built in Balikpapan City and Kutai Kartanegara Regency, East Kalimantan Province. The investment value of the project reaches IDR 36.5 trillion.Deputy Governor of East Kalimantan Province Hadi Mulyadi explained that the first nickel smelter factory was in Balikpapan City, precisely in the Kariangau area with an investment of IDR 6.5 trillion by PT Mitra Murni Perkasa (MMP).Furthermore, the second smelter factory is located in Penjangan, Sanga Sanga District, Kutai Kartanegara with an investment of IDR 30 trillion by PT Kalimantan Ferro Industry (KFI)."We believe that the existence of this smelter factory will be able to improve the welfare of the people of East Kalimantan and even Indonesia. From East Kalimantan for Indonesia," said Hadi as quoted by Antara, Tuesday (12/9).For the Matte Nickel Smelter factory in West Balikpapan, construction has begun, marked by the laying of the first stone by the Minister of Industry, Agus Gumiwang Kartasasmita. The plan is that this factory will process battery raw materials.Meanwhile, for the smelter factory in Kukar, construction will be inaugurated in the near future."We are sure that the community and government will fully support the interests and progress of East Kalimantan and Indonesia," he said.Minister of Industry Agus Gumiwang Kartasasmita said that the construction of the Matte Nickel Smelter is supporting the battery industry in Indonesia."This MMP investment is 100% domestic capital investment. With the hope of realizing a downstream industry that is useful and supports the development of the national battery industry," he explained."The target is that by the end of 2024 the factory construction will be completed, operations will continue, as well as the development of derivatives and national battery production," he explained.Image source: ANTARA FOTO/JOJON/SPT.Source:  www.katadata.co.id/Nickel Smelter Investment in East Kalimantan Reaches IDR 36.5 Trillion

PT Mineral Industri Indonesia (Persero) or MIND ID has collaborated with an African company, namely the State Mining Corporation (Stamico) to manage tin.Stamico is a government-owned company under the Ministry of Minerals and Coal owned by the state of Tanzania.MIND ID Director of Portfolio and Business Development, Dilo Seno Widagdo said that this collaboration was carried out when his party was part of the Indonesian government's entourage on its visit to Africa."Mind ID participated in the visiting group to Africa, and collaborated with Stamico," said Dilo to Bisnis, Monday (4/9/2023)Dilo said that there were several memorandums of understanding (MoU) related to cooperation for several critical minerals. One of the priority critical minerals is Tin.Furthermore, Dilo said that currently the cooperation between the two companies is still in further discussion."Yesterday we signed the MOU in Tanzania, now we are continuing discussions," he said.MIND ID's collaboration with African companies was first revealed by the Coordinating Minister for Maritime Affairs and Investment (Menko Marves) Luhut Binsar Pandjaitan.Luhut said that during Indonesia's visit to Africa, this BUMN subholding collaborated in the mining sector."Then there is mining, MIND ID comes in. MIND ID comes in from the gold. "Then they also saw rare earth," said Luhut, quoted from his personal Instagram, Monday (4/9/2023).Image source: mind.idSource: www.ekonomi.bisnis.com/MIND ID Gandeng Perusahaan BUMN Tanzania Untuk Kelola Timah

PT Bukit Asam Tbk (PTBA) revealed that the company has supplied domestic coal needs or Domestic Market Obligation (DMO) reaching 10.3 million tons during Semester I-2023.PTBA Corporate Secretary Niko Chandra said that his party had supplied DMO coal up to 10.3 million tons as of June 2023."PTBA's DMO realization as of June 2023 is 10.3 million tons," Niko explained to CNBC Indonesia, Monday (4/9/2023).He said that this was the company's commitment to maintaining national energy security."We continue to be committed to maintaining national energy security," he added.As is known, one of PTBA's coal DMOs is supplied for the needs of the PLTU owned by PT PLN (Persero). Niko said that currently his party is still supplying coal to PLN in normal quantities.Although, currently PLTU Suralaya Units 1-4 in Banten which is managed by PLN's subsidiary, PT Indonesia Power, with a capacity of 4 x 400 Mega Watt (MW) is being shut down to reduce pollution in DKI Jakarta and its surroundings."The supply of coal from PT Bukit Asam Tbk (PTBA) to PT PLN (Persero) has so far been normal,""With the decommissioning of the Suralaya PLTU since August 28, up to now there has been no impact on PTBA," he explained.For information, PTBA's total coal production in Semester I 2023 reached 18.8 million tons, growing 18% compared to the same period in 2022 which amounted to 15.9 million tons.This increase in production led to an increase in coal sales volume by 19% to 17.4 million tons. In the first semester of 2023, the Company recorded export sales of 7.1 million tonnes, an increase of 37% compared to the same period the previous year. Meanwhile, the realization of Domestic Market Obligations (DMO) was recorded at 57%.Image source: PTBA/Bukitasam.co.idSource: www.cnbcindonesia.com/Semester I 2023 PTBA Jual 103 Juta TonBatu Bara Ke Domestik

Ministry of State-Owned Enterprises (BUMN), revealed that Indonesia is expected to start producing electric vehicle (EV) batteries in 2027.This was stated by the Deputy Minister of BUMN I, Kartiko Wirjoatmodjo (Tiko). He said that currently Indonesia has started processing nickel ore in the manufacturing sector to become one of the main materials in making EV batteries.In this way, Tiko said that Indonesia is expected to start producing EV batteries in 2027."We previously exported a lot of ore (nickel) and will now move into manufacturing exports. Hopefully in 2027 we will be able to produce batteries for domestic and for export as well," said Tiko to CNBC Indonesia in the BUMN Performance Report 2023 program, quoted Monday (4/9/2023).What is clear, said Tiko, is that Indonesia is currently working with the world's largest EV battery companies, namely CATL from China and LG from South Korea who are working with PT Aneka Tambang Tbk (ANTM)."We at MIND ID and Antam have collaborated with CATL and LG on how to build this battery ecosystem starting from upstream mining on the smelter side to the battery side," he explained.The government is also accelerating the process of cooperation between parties to make major changes in the transformation of minerals, especially into domestic EV battery products."We are pushing for this to be accelerated with CATL and this can be one of the big changes in mineral transformation," he said.On the other hand, the BUMN Mining Holding MIND ID previously stated that it would build an electric vehicle battery factory with a capacity of 15 Giga Watt (GW) in 2027. The project is predicted to require an investment of US$ 12 billion or Rp 183 trillion.Main Director of MIND ID Hendi Prio Santoso said that his party has now started to make several breakthroughs to boost the electric vehicle ecosystem in Indonesia. One of them is by collaborating with a company from China, CATL through PT Aneka Tambang (Antam) to develop electric vehicle batteries in Indonesia."The plan is 15 GW until 2027. (Investment needs) US$ 12 billion," he said when met after the SOE-Private Synergy Forum, in Jakarta, Monday (14/8/2023).However, Hendi said that the production of electric vehicle batteries in Indonesia must also be balanced in terms of domestic absorption. "But of course we must also participate in market development. This means that four-wheeled and two-wheeled vehicles must first be available in Indonesia," he added.Hendi acknowledged that there is still a lot of homework to be completed in encouraging the electric vehicle ecosystem in the country. The reason is, it's not just limited to batteries, there are many other components needed to make the use of electric vehicles successful in the country.He also admitted that he was wide open if other private companies in the country wanted to be involved in the project to accelerate the electric vehicle ecosystem in Indonesia. Considering that this project covers from upstream to downstream."We need partners, including private partners who can provide mining services and then exploration services," he said.Image source: Harita Group Pulau ObiSource:  www.cnbcindonesia.com/RI Preparing to Start EVDi Battery Production in 2027

PT Samindo Resources Tbk, a coal mining service provider company, recorded positive performance throughout the first half of 2023. The company managed to record a profit of USD 8.3 million (around IDR124.5 billion) or an increase of 5% compared to the same period last year, supported by on the non-operational side, namely the increase in interest income on time deposits and gains from the exchange rate."At the beginning of 2023, the rupiah exchange rate had exceeded the level of IDR 15,500. Entering the second quarter of 2023, the rupiah exchange rate was relatively more stable and was at the level of IDR 15,000," said the Corporate Secretary of PT Samindo Resources, to reporters in Jakarta.Zaki said that in general mining conditions in the January-June 2023 period were quite challenging, especially from weather conditions which were very difficult to predict. During this period, rainfall relatively increased compared to last year, especially in the first quarter of 2023.“Actually, the Company has faced quite an extreme rainy season last year. However, in the first quarter to the second quarter of 2023, rainfall continues to increase compared to last year. This condition is the main obstacle to operational activities in the first semester of 2023," he said.In semester II 2023 management has prepared various strategies to catch up in the first semester. Management focuses on increasing the productivity of overburden removal activities. "We believe that good planning and commitment to the best will drive the Company's performance in the second half of 2023," he said.This year Samindo targets overburden removal of 35.35 million bcm, an increase of 6.70% compared to 2022 of 33.23 million bcm. Coal production is projected to fall 32.35% to 6.44 million tonnes from 9.53 million tonnes. Meanwhile, coal hauling is projected at 24 million tonnes, down 11.44$ from 27.10 million tonnes and exploration drilling reaching 28.63 thousand meters, up 6.79% from 26.81% (year on year).The company's revenue is projected to decrease to 5.12% from USD141.5 million to USD 141.5 million and net profit after tax to USD12.72 million, down 9.8% compared to 2022 which was recorded at USD14 million.Samindo is an investment holding company with core competencies in providing coal mining services in terms of overburden removal and coal getting, coal hauling and geological mapping and drilling. As an investment holding company, the Company carries out these four production activities through four subsidiaries, namely PT SIMS Jaya Kaltim, PT Trasindo Murni Perkasa, PT Samindo Utama Kaltim and PT Mintec Abadi.Image source: IstimewaSource: www.investor.id/Semesteri Samindo Raih Laba Rp 1245 M