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21 Mar 2022, 13:18 PM

Kapuas Prima Coal (ZINC) Spur Sales Amid Commodity Price Rally

www.industri.kontan.co.id
287 Views
PT Kapuas Prima Coal Tbk ( ZINC ), a listed base metal producer in Indonesia, seizes a positive opportunity from the increase in commodity prices that has continued to occur since the last one year. ZINC sees the current commodity prices, as well as the increasing demand for iron ore commodities, as well as base metals, especially for lead and zinc concentrates from various countries, will also boost the company's performance at the end of this year. As a result, ZINC also targets revenues in 2022 to reach Rp 1.2 trillionZINC Director Evelyne Kioe said that by the end of 2021, his party had projected that the company's performance this year would increase. "Now the consequences of the conflict in Europe have caused a number of commodity prices to increase, including those we mine. This can indeed provide the potential for increases," he said, Monday (21/3).Evelyne emphasized that despite this opportunity, ZINC will continue to focus on implementing Good Mining Practice in maintaining performance and pursuing the completion of the smelter construction. In addition, ZINC also continues to run sustainability programs for CSR.One of ZINC's commodities which is targeted to increase sales contribution this year is iron ore. With the price of iron ore currently in the range of US$ 145-US$ 155 per tonne (Fe content of 62%). This year, ZINC targets to sell around 180,000 tons of iron ore, with a target revenue contribution from iron ore of US$ 18 million to US$ 20 million, an increase of about 45% compared to the contribution in the previous year.As is known, ZINC has mineral reserves of iron ore reaching 23 million tons which have not been exploited. With rising prices and stable demand, the company will intensify iron ore mining on a large scale to target sales to the domestic market. In addition to iron ore, this year ZINC will also intensify production and sales of lead (Pb) and zinc (Zn) concentrates. With ZINC's total exploration area reaching around 1,600 Ha of the company's total mining area of ​​5,569 Ha, ZINC will continue to increase production capacity with a target of reaching 550,000 tons to 642,000 tons of ore.From ZINC's monitoring, the prices of lead (Pb) and silver currently tend to be stable compared to the previous year, while for zinc (Zn) the prices have experienced a significant increase. If the commodity price can stay in the range of US$ 3,500 per tonne, it can make an additional contribution to profit. However, if commodity prices continue to fluctuate, it can have an impact on production costs.Source: https://industri.kontan.co.id/news/kapuas-prima-coal-zinc-pacu-penjualan-di-tengah-reli-harga-komoditas
News
20 Mar 2022, 09:12 AM

Coal Companies Ensure Commitment to Fulfillment of Coal DMO

www.industri.kontan.co.id
317 Views
The Indonesian Coal Mining Association (APBI) ensures that efforts to fulfill domestic coal are continuously carried out. "The members have been committed from the beginning to carry out the sales contract to PLN," said APBI Executive Director Hendra Sinadia to Kontan, Sunday (20/3). Hendra continued, based on previous information, the supply of coal to PLN was said to be in a safe level.Previously, PLN President Director Darmawan Prasodjo asserted, according to the direction of the Minister of Energy and Mineral Resources and the Minister of SOEs, PLN has fixed the mechanism for supplying coal needs by entering into long-term contracts with monitoring obligations to fulfill domestic needs or domestic market obligations ( DMO ) which are monitored digitally and integrated. with a database system at the Ministry of Energy and Mineral Resources as a regulator in coal mining.“The changes to the digital-based contract system that we manage now have anticipated the fluctuating conditions of coal prices in the international market, so that coal availability remains secure. The average generator stock is above 15 days of operation (HOP)," he said. Darmawan added that the government's policies and the support of the DPR through Commission VI and Commission VII which still set a coal DMO price of US$ 70 per metric ton (MT) also greatly helped PLN to secure coal supply in the midst of price spikes.Systemically, PLN has made a paradigm shift in monitoring and controlling coal supply, which initially focused on monitoring the estimated time of arrival (ETA) unloading point to focusing on the loading point .This monitoring step, continued Darmawan, was not only done physically in the field but also through the integration of a digital monitoring system between the PLN system and the system at the Directorate General of Coal Minerals (DG Minerba) of the Ministry of Energy and Mineral Resources. This system provides information on loading targets which is integrated with the system at the Directorate General of Mineral and Coal which records the loading realization from each supplier."We together with the Ministry of Energy and Mineral Resources carry out day to day enforcement to suppliers to ensure that each planned shipment can be loaded according to plan. If there is a loading failure , the integrated system between PLN and the Directorate General of Mineral and Coal will immediately lock so that it will not allow the supplier to export," said Dharmawan.Darmawan added, PLN also continues to increase cooperation and collaboration with ship entrepreneurs through INSA (Indonesian National Shipowners Association). This step is carried out intensely to ensure the realization of coal supply including assignments from the Ministry of Energy and Mineral Resources can be carried out and delivered according to the required schedule.Source: https://industri.kontan.co.id/news/pelaku-usaha-pastikan-komitmen-pemenuhan-dmo-batubara
News
17 Mar 2022, 13:00 PM

Indonesia begins electric car production with Hyundai plant

www.france24.com
295 Views
South Korea's Hyundai has launched the first electric car assembly plant in Indonesia, as the Southeast Asian archipelago looks to exploit an abundance of resources used in EV production. Indonesia is the world's largest nickel producer and also rich in cobalt, bauxite and copper ores, key materials in the manufacture of batteries for electric cars.President Joko Widodo has said his government is aiming to establish an integrated EV "ecosystem" ranging from metals mining to battery production and car assembly. The Hyundai factory will produce the firm's newest model the IONIQ 5, with an annual capacity of 250,000 vehicles."I hope Hyundai's IONIQ 5 will become an important milestone in the development of Indonesia's electric vehicle ecosystem," Widodo said during an inauguration ceremony Wednesday in the industrial township Cikarang, east of the capital Jakarta."Moving forward, electric vehicles should be the main mode of transportation," he added.The country is targeting production of two million electric vehicles by 2025, both cars and motorcycles. The push to electric transportation is part of Indonesia's aim to achieve zero net emissions by 2060. To aid the development of the industry the government has lifted import duties on EV parts."We have to be a key player in the global supply chain of the electric vehicle industry," Widodo said.Hyundai said in a statement it would also build a network of charging stations and a battery production plant in collaboration with fellow South Korean electronics multinational LG.Source: https://www.france24.com/en/live-news/20220317-indonesia-begins-electric-car-production-with-hyundai-plant
News
16 Mar 2022, 12:44 PM

Caterpillar autonomously hauls more than 1 billion tonnes of material with Cat® Command for hauling...

www.im-mining.com
273 Views
For the first time in mining history, trucks equipped with Cat® MineStar™ Command for hauling have autonomously moved more than 1 billion tonnes of material in less than a year. Roughly 1.2 billion tonnes (1.3 billion tons) were autonomously hauled in 2021 using Command for hauling. In total, Command for hauling trucks have autonomously and safely hauled more than 4 billion tonnes (4.4 billion tons) of material since 2013. To date, trucks equipped with Caterpillar’s autonomous haulage system (AHS) have travelled more than 147 million km (91.3 million miles) with zero loss-time injuries, nearly the same distance as traveling from the Earth to the sunn.“Safety and sustainability continue to be top values in the mining industry. We are now entering our ninth year with zero loss-time injuries with Command for hauling, a testament to its safety record,” comments Marc Cameron, Vice President, Caterpillar Resource Industries. “A recent five-year study by one of our customers autonomously hauling iron ore reported an 11% reduction in fuel usage – resulting in a 4,300 tonne-per-year (4,740 TPY) CO2 emissions reduction – 11% increase in hourly production, 50% higher maximum truck travel speed, and 35% improved tyre life.”Autonomous trucks equipped with Command for hauling are operating at 18 mine sites by 10 companies across three continents. Commodities autonomously hauled include iron ore, oil sands, copper, coal and gold. Spanning the 190- to 360 t (210- to 400-ton) class sizes, the portfolio of Cat mining trucks capable of fully autonomous operation include the 789D, 793D, 793F, 797F and 794 AC with electric drive. Retrofit kits allow mining operations to expand Command for hauling to existing Cat mining trucks as well as other brands of trucks and loading equipment in their fleet.“We continue to explore new avenues with Command for hauling to make strides toward the fully autonomous mine site and recently surpassed a major milestone of more than 500 autonomous trucks. Our previously announced collaboration with Newmont will introduce up to 16 autonomous trucks through 2023 at the company’s Cripple Creek and Victor mine in Colorado with plans to transition to haulage fleet electrification, supporting Newmont’s target of reducing greenhouse gas (GHG) emissions by more than 30%,” says Sean McGinnis, General Manager for Cat Mining. “We currently have in progress high-altitude and new product introduction projects for the smaller 89-tonne (98.4-ton) size class. We have also expanded our Command system to Cat water trucks for haul road dust control at the mine.”The Command hardware and technology is currently deployed on the Cat 789D autonomous water truck (AWT) at Rio Tinto’s Gudai-Darri mine in Australia, the world’s first AWT. Connected with Cat MineStar technology, Command for hauling on the 789D integrates the truck, tank and water delivery system (WDS). The Cat WDS delivers variable waterflow based on truck speed, and the system’s variable displacement pump automatically starts and stops when the truck slows or comes to a halt, preventing overwatering and poor traction at intersections.Source: https://im-mining.com/2022/03/16/caterpillar-autonomously-hauls-more-than-1-billion-tonnes-of-material-with-cat-command-for-hauling-in-less-than-a-year/
News
16 Mar 2022, 08:00 AM

Numbers of Projects Owned by Bukit Asam (PTBA) progressing

www.industri.kontan.co.id
366 Views
A number of prestige projects belonging to PT Bukit Asam Tbk ( PTBA ) continue to roll, one of which is the construction of the South Sumatra-8 Mine Mouth Steam Power Plant (PLTU). To date, the PLTU with a capacity of 2x620 megawatts (MW) has reached construction completion of 95%. The power plant is expected to be operational commercially in March 2022. Normally, this PLTU can consume up to 5.5 million tons of coal per year. However, this year's coal consumption is estimated to only be around 500,000 tons because it is not yet fully operational.Just so you know, PTBA built this PLTU through PT Huadian Bukit Asam Power (HBAP) as an independent power producer (IPP). HBAP is a consortium between PTBA and China Huadian Hongkong Company with a value of US$ 1.68 billion. In January 2022, PTBA together with Pertamina and Air Products & Chemical Inc conducted a groundbreaking for the coal downstream project into dimethyl ether (DME) in the Tanjung Enim industrial area, South Sumatra.This gasification is a national strategic project (PSN) and will be carried out for 20 years with an investment value of Air Products reaching US$ 2.3 billion or equivalent to US$ 32.9 trillion.This gasification project is capable of absorbing 6 million tons of coal per year and can produce 1.4 million DME per year. This DME can reduce imports of liquified petroleum gas (LPG) by more than 1 million tons per year.PTBA's expansion into the new renewable energy (EBT) sector also continues. PTBA currently plans to develop a solar power plant (PLTS) in the post-mining area, namely in the post-mining area of ​​Tanjung Enim with a capacity of 200 MW on a total area of ​​224 hectares (ha), in Ombilin land with a capacity of 200 MW in an area of ​​201 ha, and PLTS located in Bantuas, East Kalimantan.PTBA is also collaborating with PT Bintan Alumina Indonesia in the context of exploring the potential for developing the PLTU project in the Galang Batang Special Economic Zone (KEK) in Bintan, Riau Islands.This exploration opens up opportunities for PTBA to support the supply of coal for processing plants (smelters) and other developments. PTBA is also collaborating with PT Kereta Api Indonesia (KAI) to develop a railroad coal transportation project with a capacity of 72 million tons per year in 2026.  Source: https://industri.kontan.co.id/news/melihat-progres-sejumlah-proyek-milik-bukit-asam-ptba?page=1
News
14 Mar 2022, 20:43 PM

China’s Jan-Feb coal output jumps 10.3% for winter heating

www.mining.com
281 Views
China’s coal output rose 10.3% in the first two months of 2022 from a year earlier, after Beijing encouraged miners to ramp up production for the winter heating season, with demand also receiving a boost from Indonesia’s export ban.The world’s biggest coal miner and consumer produced 686.6 million tonnes of the dirty fossil fuel during January-February period, up from 617.59 million tonnes in the same period in 2021, the National Bureau of Statistics said on Tuesday. The bureau combines data for January and February due to the Lunar New Year holiday, which fell in early February this year.China urged state-owned coal miners to increase output ahead of the festival and ordered them to operate normally during the holidays to ensure market supply and cool prices. But the daily output in the first two months remained lower than the record high level of 12.4 million tonnes set in December, as private-owned miners shut down for the holiday.Power plants were also ordered to build up and maintain coal inventories equivalent to at least 15 days’ use. Indonesia, China’s largest overseas coal supplier, imposed a shock ban on shipments on Jan. 1. This boosted demand for China’s domestic coal as seaborne shipments were delayed and regional benchmark prices surged.China’s output is expected to stay at a level of more than 12 million tonnes a day in the near-term, as Beijing strives to ensure sufficient energy supply amid a global price surge and supply disruption in the wake of Russia’s invasion of Ukraine.However, surging domestic cases of Covid-19, especially in the top mining region of Inner Mongolia, are challenging coal production and transportation.The major coal shipping railway connecting Datong and Qinhuangdao, with annual transportation volume at 421 million tonnes, is expected to carry out annual maintenance in April. China’s most-active thermal coal contract for May delivery rose more than 4% in early Tuesday trade before easing to 2.8%.Source: https://www.mining.com/web/chinas-jan-feb-coal-output-jumps-10-3-for-winter-heating/
News
14 Mar 2022, 13:00 PM

TINS scored IDR 1.30 trillion in net profit

www.idnfinancials.com
335 Views
PT Timah Tbk (TINS), a tin metal manufacturer, recorded the current year’s profit of IDR 1.30 trillion in 2021, despite the correction in its revenue of IDR 600 billion, depleting from IDR 15.21 trillion in 2020 to IDR 14.60 trillion in 2021. President Director of Timah, Achmad Ardianto, announced its achievements in the Financial Report of 2021 published Monday (14/3).It was mentioned that the revenue came from export sales of IDR 13.46 trillion, which fell from IDR 14.26 trillion in 2020, and domestic sales of IDR 1.13 trillion, which climbed from IDR 951.34 billion. The customers who generated over 10% of total revenue were MIND ID Trading Limited of IDR 7.03 trillion, proliferating from IDR 1.18 trillion in 2020. In contrast, Posco International Group only brought in IDR 261.75 billion, declining from IDR 1.58 trillion in 2020. Lastly, Toyota Tsusho Asia Pacific Pte Ltd also contributed IDR 43.41 billion.Although its revenue slid off, TINS still collected a gross profit of IDR 3.43 trillion in 2021, shifting upwards from IDR 1.11 trillion in 2020. It was due to the efficiency in cost of revenue, cutting down IDR 14.09 trillion to IDR 11.17 trillion. Additionally, the efficiency in financial expenses and the gain in the net profit attributable to associates boosted its earnings before income taxes to IDR 1.72 trillion from the initial loss of IDR 269.76 billion. (LK/ZH)Source: https://www.idnfinancials.com/news/42484/tins-scored-idr-profit
News
14 Mar 2022, 06:28 AM

Raising BCT capacity, BYAN’s subsidiary to acquire land

www.idnfinancials.com
344 Views
PT Dermaga Perkasapratama (DPP), a subsidiary of PT Bayan Resources Tbk (BYAN), purchases land of 271,274 m2 from PT Kariangau Power (KP) for IDR 271.27 billion. The said land will be utilised to support the expansion of coal processing in Balikpapan Coal Terminal (BCT).Low Tuck Kwong, President Director of Bayan Resources, revealed that the said bought asset is located in Kariangau, Balikpapan, East Kalimantan. “KP, as the seling party, is an affiliate of the company,” he clarified in the information disclosure quoted Monday (14/2).KP manages capital worth IDR 461.94 billion, 7.31% of which belongs to Low Tuck Kwong. Gallant Power Pte Ltd also has 6.58% of them, followed by SLM Holding Pte Ltd with 86.11%. Low Tuck Kwong is a commissioner of KP and a Director of DPP, while Elaine Low is both a commissioner of KP and DPP. Lastly, Lim Chai Hock, President Director of DPP, also takes office as a director of KP. The transaction value goes below the average price in September of IDR 284.84 billion.DPP currently designs the fifth phase of expansion in BCT. It encompasses the establishment of an extra port with a ship-loading dock with a capacity of 2x4,000 tph, another extra stevedoring port with a combined capacity of 6,000 tph using a 4x15,000 tph grab crane, and an extra 0.5 million tons of coal storage capacity. (LK/ZH)Source: https://www.idnfinancials.com/news/42475/raising-bct-capacity-byans-subsidiary-acquire-land

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