Europe as a country known for its commitment to sustainable aspects still contributes to financing nickel mining activities, including financing for captive coal power plants. Sustainable Development Policy Research and Program Assistant at The Prakarsa, Ricko Nurmansyah explained, most of the financial flows that occur in the nickel industry are loans, bonds, and equity. The breakdown is loans 66.5%, bonds 5.4%, and equity 28.1%. The financing in the nickel industry includes mines, smelters, to captive coal-fired power plants. Based on the results of tracing financial flows, financing and investment in the upstream nickel sector is dominated by capital from China which is widely invested in Sulawesi and Halmahera (North Maluku). However, financial institutions from Europe also contributed to finance these projects. "We also mapped financial institutions from Europe that contribute to financing nickel projects in Indonesia, namely HSBC, Santander, ING Bank, and others," he said in a presentation of research results witnessed virtually, Tuesday (9/1). According to the data it collected, the largest amount of financing to the nickel project was channeled by HSBC worth USD 1.09 billion in the form of a syndicated loan for the construction of a smelter, a battery industrial area. More specifically, the loan was given for the construction of a battery factory in Karawang, West Java. Acquired the smelter PT Debonair Nickel Indonesia which owns the RKEF smelter in IWIP with a power plant capacity of 380 MW. And the loan obtained by PT Merdeka Tsinghan Indonesia. Ricko said, one thing that is highlighted in this finding is how sustainable financial policies are working today. "The European Bank already has a commitment to finance sustainable projects, meaning they are free from human rights violations, environmental impacts that reduce environmental benefits themselves," he said. Ricko said this drives urgency for financial institutions in both China and Europe to review their green commitments for their involvement in financing flows in the nickel industry. In conclusion, The Prakarsa stated the importance of promoting sustainable financial and business practices for companies in the nickel industry to Financial Services Institutions (FSIs) involved in financing flows. This is shown by the hope that financial institutions and nickel companies will be able to realize and improve equitable energy transition practices in the nickel sector in Indonesia.Image source: ANTARA FOTO/JOJONSource: www.industri.kontan.co.id/Tak Cuma China, Eropa Juga Turut Investasi Tambang dan Smelter Nikel di Indonesia

The management of PT Aneka Tambang Tbk (ANTM) revealed that the Company remains part of the Environmental, Social and Corporate Governance (ESG) Index on the Indonesia Stock Exchange (IDX).As is known, ANTM shares are listed in the SRI-KEHATI Index, IDX KEHATI ESG Sector Leaders Index and IDX KEHATI ESG Quality 45 Index for the trading period December 2023 to May 2024.Elisabeth RT Siahaan, Finance Director of ANTM, in a statement, quoted Tuesday (9/1/2024) stated that ANTM's persistence as a member of the ESG index shows ANTM's consistency in carrying out sustainable business management efforts that prioritize sustainability through concern for the environment, social, and implementing good corporate governance.According to Elisabeth, ANTM is committed to managing operational, environmental, and social performance in a sustainable manner based on the principles of good corporate governance."In order to support this commitment, ANTM implements concrete steps to realize sustainability by starting from the application of best mining practices, through environmentally friendly operational activities and supporting the reduction of climate change impacts through decarbonization initiatives," Elisabeth wrote in her statement.Elisabeth explained, the SRI-KEHATI Index is a stock group index that has a good performance in encouraging sustainable businesses, and has awareness of the environment, social, and good corporate governance or called sustainable and responsible investment (SRI).The IDX KEHATI ESG Sector Leaders Index, said Elisabeth, is an Index that contains stock groups with ESG performance assessment results above the sector average and has good liquidity. Industry classification refers to IDX Industrial Classification.Meanwhile, the IDX KEHATI ESG Quality 45 Index is an index that contains the 45 best stocks from the results of ESG performance assessment and company financial quality and has good liquidity.ANTM shares are also part of the IDX LQ45 Low Carbon Leaders Index on the IDX, which is an index that aims to reduce carbon emission intensity exposure on portfolios by at least 50% compared to the LQ45 Index as a parent index.Image source: ANTAMSource: www.beritamoneter.com/Konsisten Laksanakan Keberlanjutan, Antam Bertahan Jadi Anggota Indeks ESG

PT Adhi Kartiko Pratama Tbk (NICE) targets an increase in nickel production after the company is listed on the Exchange.The 3rd listed company on the Indonesia Stock Exchange (IDX) in 2024, it aims for production of 2.5 million metric tons of nickel per year. "In 2023 we reached 2 million metric tons, so after this we will increase to 2.5 million metric tons," NICE President Director Stevanno Rizki Adranacus told reporters at the Indonesia Stock Exchange Building Jakarta on Tuesday (01/09/2024).To increase production, continued Stevanno, the company will explore new nickel mines in the next five years. In this case, the company has prepared funds derived from the company's internal cash."We will use the internal power of the company, because we currently have no debt. So for exploration funds, we will use internal cash," continued Stevanno.For information, the company conducted an initial public offering (IPO) by offering 1.21 billion shares of PT Sungai Mas Minerals (SMM) and PT Inti Mega Ventura abbreviated as PT IMEV (formerly PT Mitra Marina Internasional) (IMEV).All shares offered in the initial public offering belong to the selling shareholders. Therefore, all proceeds from the initial public offering will be received by the selling shareholders and the company will not receive the proceeds from the initial public offering."This corporate action is an important step for us to realize our vision to become a leading player in nickel ore mining and processing in Indonesia. This is also in line with our commitment to support Indonesia's long-term plan related to nickel downstream," said Stevanno.Once listed on the stock exchange, NICE will also begin a new phase with the entry of LX International Corp as the new controlling shareholder of NICE (through PT Energy Battery Indonesia). LX International Corp will own 60% of NICE at the same acquisition price as the IPO price.The presence of PT LX International Corp is a strategy to increase corporate value through the management of company resources in the ecosystem and supply chain of the nickel processing industry and electric vehicle batteries.Image source: EmitenNews.comSource: www.emitennews.com/Adhi Kartiko (NICE) Bidik Produksi Nikel 2,5 Juta Metrik Ton per Tahun

Indonesian government continues to encourage the downstream industry program by reducing exports of raw materials. This is done to increase added value in the industrial sector and the competitiveness of the national economy. Because through the downstream program, the use of technology transfer is important in utilizing the results of natural resources and protecting the environment.A study just published by the Institute for Development of Economic and Finance (INDEF) revealed that nickel is currently one of the mining materials that can provide great benefits for improving people's welfare compared to other base metal industries.In addition, through a study entitled The Impact of Mining Sector Investment on National and Regional Economic Performance, INDEF noted that there are four largest nickel-producing provinces in Indonesia, namely South Sulawesi, Central Sulawesi, Southeast Sulawesi, and North Maluku. The province has experienced an increase in investment realization in the downstream sector and has contributed to investment receipts in the mining sector by 83.35 percent during 2021.Indonesian Cabinet Secretary, Pramono Anung also said downstream nickel was proven to contribute to Indonesia's foreign exchange reserves. The figure stands at nearly USD 139 billion through July 2023.Data from the Central Sulawesi Statistics Agency also shows that Central Sulawesi's economic condition in the third quarter of 2023 experienced growth of 13.06 percent compared to the third quarter of 2022 (y-on-y). The increase also included the growth of the processing industry by 27.99 percent and mining and quarrying also experienced growth of 13.32 percent.Therefore, PT Gunbuster Nickel Industry (GNI), as one of the leading nickel smelter companies in Indonesia, has contributed to the government's nickel downstream efforts.The company, which operates in North Morowali, Central Sulawesi, increases the value of nickel products by being predicted to be able to produce up to 2 million Nickel Pig Iron (NPI) per year with nickel content of 10-12 percent. Through this process, GNI not only strives to continue to boost the national economy but also encourages the economic capacity of the area around the industrial circle.PT GNI Head of Corporate Communication Mellysa Tanoyo explained that PT GNI's smelter is not only a facility or industrial growth, but also a catalyst for change and transformation of society as a whole. This is what makes PT GNI focus on contributing to sustainable development, among others, through direct recruitment in villages in North Morowali Regency and running sustainable social programs (CSR)."Since the construction stage until now, PT GNI has absorbed more than tens of thousands of workers. In the future, it will continue to increase, estimated to tens of thousands of workers. PT GNI also continues to actively recruit employees, including working with village heads around the factory location to organize employee recruitment," Mellysa said in a written statement, Monday (8/1/2024).Mellysa continued, through planning if all projects in the industrial area where PT GNI operates are fully running, the number of local workers absorbed is projected to reach tens of thousands of people. This figure involves more than 90 percent of Indonesia's labor needs, ranging from basic jobs to managerial levels in smelters."Currently, we have absorbed approximately 12,000 workers. Meanwhile, Foreign Workers (TKA) are only around ten percent and will continue to decline, along with the transfer of knowledge and technology," said Mellysa.Strengthening OHSThis industry, which has a high level of complexity of production processes and technology, realizes how important it is to maintain the security and safety of its workers. So that PT GNI is committed to implementing occupational safety and health (K3) by providing strict and comprehensive work safety procedures, considering that the Ministry of Manpower also participates. This regulation covers various aspects, such as occupational safety, occupational health, and work environment.In concrete steps, PT GNI formed an Occupational Safety and Health Advisory Committee (P2K3) in order to oversee the implementation of the K3. The committee is also a means of dialogue and talking space between the company and employees. Not only that, PT GNI also regularly holds an agenda of Basic Education and Training (Diklatsar) for Rescue and Handling of Work Accidents.The Indonesian workforce, most of which come from the traditional mining industry, needs to equip themselves with skills and competencies that are in accordance with the needs of the downstream nickel industry. Therefore, PT GNI also holds regular training and certification activities.Some of them are requiring heavy equipment operator certification and safety awareness certification training, so that workers are really equipped and trained to be proficient in their work. All this is mandatory for workers considering their work is closely related to risks and dangers.PT GNI affirms that all forms of initiation are in line with the company's vision to make a sustainable contribution, especially to the communities around the operational area and continue to focus on occupational safety and health.Image source: PT GNISource: www.finance.detik.com/Percepat Hilirisasi, Ini Peran Fundamental Industri Smelter

MIND ID or Mining Industry Indonesia is fully committed to supporting the government's efforts in achieving the Net Zero Emissions (NZE) target by 2060.Corporate Secretary MIND ID Heri Yusuf said the commitment was manifested in several concrete commitments in the three main pillars of the MIND ID Group which were the results of the elaboration of SDG's 2030.Therefore, BUMN Holding Mining Industry implements an energy transition strategy based on three pillars, namely To Prevent, To Reduce, To Mitigate.The effort was carried out by all members, namely PT Timah Tbk., PT Aneka Tambang Tbk., (Antam), PT Inalum, PT Bukit Asam Tbk., (PTBA), and PT Freeport Indonesia (PTFI)."MIND ID continues to provide more value for Indonesia, one of which is committed to supporting the government's efforts to target NZE it can be completed in 2060," Heri said as quoted on Monday (8/1).Heri explained that one of the programs implemented was mangrove cultivation and planting activities carried out by PT Timah Tbk.PT Timah Tbk., consistently planted mangroves around the company's operational areas.Mangrove planting carried out by members of the MIND ID Group, PT Timah Tbk was carried out in Bangka Belitung Province and Riau Islands Province."Mangrove planting efforts have been carried out for a long time. Even since 2010 PT Timah Tbk has planted mangroves with the Ikebana foundation on Bangka Island," he said.In addition, PT Timah Tbk also conducts mangrove rehabilitation with community groups, youth, academics and fishermen groups. This is in addition to being intended as an absorbent agent carbon emissions, as well as an effort to prevent abrasion and maintain coastal ecosystems.In addition, another member of the MIND ID Group, PTBA is also actively carrying out various programs to support the achievement of government targets related to the upcoming NZE 2060.PTBA succeeded in building the Bali Mandara Toll Road Solar Power Plant (PLTS) and PLTS at the Soekarno-Hatta Airport Airport Operation Control Center (AOCC) Building. The presence of the two PLTS is able to reduce emissions by around 414.1 tons of CO2e.The reduction in emissions caused by the existence of the two PLTS in the period from January to October 2023 is equivalent to planting 847 trees.This success is a form of PTBA's commitment in supporting the achievement of NZE 2060."Then, PT Antam Tbk. through UBPP Logam Mulia collaborates with the East Jakarta City Government to do Tree planting simultaneously in 10 districts in East Jakarta," Heri said.Image source: MIND IDSource: www.jpnn.com/Cara MIND ID Mendukung Pemerintah Mencapai NZE 2060

Indonesian miner Aneka Tambang has sold shares worth USD 467.18 million in two of its subsidiaries to a unit of the world’s biggest electric vehicle battery maker, China’s Contemporary Amperex Technology Co (CATL).In a disclosure published late on Thursday, Aneka Tambang, known as Antam, said it made the sales to Ningbo Contemporary Brunp Lygend Co Ltd (CBL) through the latter’s Hong Kong unit. CBL is a holding subsidiary of CATL, according to its website.The sales, which were completed on Thursday, mean CBL controls 49% of PT Sumberdaya Arindo and 60% of PT Feni Haltim.The sales are part of an agreement to set up joint ventures to develop an electric vehicle “ecosystem” in Indonesia, the statement said, which includes a plan to build a high-pressure acid leaching (HPAL) plant to process nickel ore into materials used in batteries.The government of Indonesia, home to the world’s largest nickel reserves, has set an ambitious target of producing some 600,000 EVs by 2030. That would be more than 100 times the number sold in Indonesia in the first half of 2023.Companies like China’s Neta EV brand, Japan’s Mitsubishi Motors and South Korea’s Hyundai Motors have already invested in Indonesia’s burgeoning EV battery industry. The country is also wooing Tesla and BYD.Image source: Aneka TambangSource: www.mining.com/Aneka Tambang sells shares of subsidiaries to world’s biggest EV battery company

The business entity of PT Sumber Global Energy Tbk. (SGER), PT Sumber Mineral Global Abadi Tbk. (SMGA) plans to conduct an initial public offering (IPO) in the near future.Launching its official website, SMGA was established on October 19, 2016 under the name PT Sumber Mineral Global Abadi. SMGA's business activities include metal and ore trading, sand and nickel trading, cement, lime, sand and stone wholesale trading, solid fuel and gas wholesale trading, and other products.Currently, SMGA's business activities focus on trading nickel, limestone, and coal for domestic and export markets. The traded products come from mines processed from the Mining Business License (IUP) in cooperation with SMGA companies.Currently, SMGA sells nickel and coal products to customers in the domestic market. The nickel sales are made to companies such as PT Putra Utama Sukses for 20,000 WMT per year and PT Huadi Nickel-Alloy Indonesia for 10,000 WMT per month.Meanwhile, SMGA coal sales are carried out to PT Restu Usaha Mandiri amounting to 50,000 MT per year, PT Merak Energi Indonesia amounting to 330,000 MT per year, and PT Indonesia Morowali Industrial Park 360,000 MT per year.Quoting the prospectus, SMGA said that currently it only has one subsidiary, namely PT Jasatama Mandiri Sukses (JMS). JMS is engaged in limestone mining.SMGA said that JMS was established in 2021 and obtained IUP for non-metallic mineral commodities, namely limestone for industry. JMS mining activities are located in Bungku Pesisir District, Morowali Regency, Central Sulawesi Province with an area of 85.73 Ha.Based on the results of exploration that has been carried out by JMS, limestone reserves owned by JMS are currently 300,000,000 tons with an estimated mine age of around 150 years.For information, in this IPO, SMGA targets fresh funds of as much as IDR 175 billion to IDR 183.75 billion. SMGA set an offering price of IDR 100 to IDR 105 in this IPO.In its prospectus, SMGA plans to offer as many as 1.75 billion new shares which are ordinary shares in the name. The number of shares is equivalent to 20% of SMGA's paid-up and paid-up capital after the IPO.Image source: SMGASource: www.market.bisnis.com/Grup SGER Sumber Mineral Global (SMGA) Bakal IPO, Simak Profilnya

PT Indika Energy Tbk. (INDY) pocketed a loan facility worth USD 300 million equivalent to IDR 4.64 trillion from PT Bank Mandiri (Persero) Tbk. (BMRI) and PT Bank Negara Indonesia (Persero) Tbk. (BBNI).Corporate Secretary of Indika Energy Adi Pranomo said that the company and its subsidiaries signed a loan facility from BMRI and BBNI on December 28, 2023. INDY's subsidiaries that act as the initial underwriters of this loan agreement are PT Tripatra Engineering, PT Tripatra Engineers and Construction, and Tripatra (Singapore) Pte.Ltd."This facility agreement will be used to pay the company's debt," Adi said in the information disclosure, Wednesday (3/1/2024).In addition to the facility agreement, Adi said, INDY together with subsidiaries and creditors also signed a facility letter and guarantee documents in the form of an Account Pledge Agreement and a Guarantee Confirmation Agreement, as well as additional letters for agreements between creditors.The facility agreement is guaranteed pari passu based on the terms of the indenture for 5.875% senior bonds maturing 2024 of USD 575 million, and 8.250% senior notes maturing 2025 of USD 675 million.In its financial report, INDY posted revenue of USD 2.29 billion or equivalent to IDR 36.5 trillion until the third quarter of 2023. This revenue decreased by 26.64% compared to the same period last year of USD 3.13 billion.INDY's revenue was obtained from contract and service revenue of USD 229.2 million, overseas coal sales of USD 1.68 billion, coal sales to domestic customers of USD 357.1 million, and other trade of USD 25.7 million.Meanwhile, based on its segment, energy services contributed revenue to INDY of USD 184.09 million, energy resources of USD 2.04 billion, logistics and infrastructure of USD 34.2 million, and minerals of USD 21.8 million.Then green business of USD 10.6 million, and digital venture of USD 4.25 million. The decline in revenue also eroded INDY's net profit by 72.27%. INDY's net profit decreased from USD 338.3 million to USD 93.8 million or equivalent to IDR 1.49 trillion as of September 2023.Previously, INDY said that it had absorbed capital expenditure (capex) of USD 104.9 million or equivalent to IDR 1.62 trillion until 9 months 2023.Image source: Bisnis/Arief Hermawan PSource: www.market.bisnis.com/Indika Energy (INDY) Kantongi Pinjaman Rp4,64 Triliun dari Bank Mandiri & BNI

PT Bukit Asam Tbk (PTBA), a member of the MIND ID Group, started the construction of a new coal handling facility to increase coal transportation capacity through the Tanjung Enim - Keramasan railway link. This was marked by a groundbreaking procession carried out in Tanjung Enim on Saturday (12/30/2023).There are 3 new coal handling facilities built. The first is two Train Loading Stations (TLS) with a capacity of 3,000 tons per hour each along with rail loops. Then two Conveyor System lines along 13 km and 17 km, each with a capacity of 3,000 tons per hour. In addition, three dump hoppers that can be used dump trucks with capacities of 60 tons and 100 tons.The construction of these facilities is part of PTBA's collaboration with PT Kereta Api Indonesia (Persero) or KAI in the development of coal transportation between Tanjung Enim - Keramasan. Facilities and infrastructure for train transportation modes were prepared by PT KAI, while for dock facilities in Keramasan PT Kereta Api Logistik (Kalog) was built.In his speech at this event, Deputy President Director of MIND ID Dany Amrul Ichdan expressed his hope that the construction of this coal handling facility would not only advance the Company, but also bring benefits to the community."The advancement of corporate strategy must also provide benefits for sustainable community development. This is the mandate of SOEs for sustainability. That this investment will be a milestone to develop new ports in the future. This development is a legacy for the current government to be continued by the new government, creating masterpieces for Indonesia and especially SOEs," said Dany.He also advised that in strategic BUMN projects, there must be a participating industry within the framework of developing local wisdom involving the community.Meanwhile, President Director of PT Bukit Asam Tbk (PTBA) Arsal Ismail explained, increasing transportation capacity is a strategic step to support the Company's performance."PTBA is one of the largest coal producers in Indonesia with reserves of 3.02 billion tons and resources of 5.85 billion tons. Increasing transportation capacity needs to be done to accelerate the monetization of coal reserves. This project supports the Company's growth through increasing revenue from increasing coal sales volume," said Arsal.Coal transportation between Tanjung Enim - Keramasan will increase PTBA's coal transportation capacity up to 20 million tons per year. "With the addition of this capacity, PTBA can further contribute to supporting national energy security," Arsal emphasized.As a member of the MIND ID Group, PTBA's move also supports MIND ID's vision and target to become one of the Global Fortune 500 companies. Also present to witness this groundbreaking, among others, EVP Divre III Palembang PT Kereta Api Indonesia (Persero) Yuskal Setiawan, Assistant Deputy for Mineral and Coal of the Ministry of SOEs Heri Purnomo, VP Corporate Planning of PT Kereta Api Logistik (Kalog) Budi S, Associate Auditor of the South Sumatra Financial and Development Supervisory Agency (BPKP) Imron Rosidi, and the South Sumatra High Prosecutor's Office represented by the Muara Enim State Attorney's Office.Image source: PTBASource: www.ptba.co.id/Tambah Kapasitas Angkutan Batu Bara, Bukit Asam (PTBA) Bangun Fasilitas Baru

PT Bumi Resources Tbk (BUMI) has obtained the approval of the Work Plan and Cost Budget application from the Ministry of Energy and Mineral Resources (MEMR). In this case, BUMI has a Special Mining Business License for PT Kaltim Prima Coal and PT Arutmin Indonesia for the period 2024 to 2026.Director and Corporate Secretary of BUMI, Dileep Srivastava is optimistic that the company can pursue the coal production target of 80 million tons in 2024."There are no official figures yet, but it is estimated that it could reach around 80 million tons. Production is higher than in 2023. Hopefully, the price can be higher. Most of them depend on geopolitics, economy, weather, and market dynamics," BUMI Director and Corporate Secretary Dileep Srivastava told CNBC Indonesia, Tuesday (2/1/2024).For information, the Ministry of Energy and Mineral Resources has officially issued new regulations regarding procedures for drafting, submitting, and approving Work Plan in the mineral and coal mining sector. This regulation is contained in the Regulation of the Minister of Energy and Mineral Resources Number 10 of 2023.At least, there are some important points contained in this regulation. These include the distribution of activity time for Work Plan, administrative sanctions, fulfillment of essential aspects in the preparation of Work Plan and efficiency of time management.Previously, Dileep also emphasized that there are several challenges that must be faced by the coal industry. Fluctuations in coal prices and bad weather are one of the things to watch until the end of the year.According to him, the commodity cycle that makes coal price fluctuations must be watched out for because it is unpredictable.Several factors can affect prices, such as the flash floods that hit China last week.This condition caused disruption to the coal delivery railway line in Jingxing county. The distribution disruption raises concerns that coal supply will fall sharply so that the price rises. Another challenge is soaring fuel prices which are considered to increase the company's operational cost component. The regulation regarding deposits of 30% of export income for 3 months effective from August 1, 2023 is also a matter of scrutiny.Efficiency, digitalization, downstream coal, and non-coal diversification are also included as challenges in pursuing coal production targets in 2023."Time, market, and regulatory factors will play a role in market perception and outcomes. Of course, BUMI is the only debt-free company with strong equity partners, namely Bakrie, Salim & CIC, and others. Being debt-free in the current geo-eco-political environment puts BUMI at a comparative advantage," concluded Dileep.Image source: CNBC Indonesia/Firda Dwi MuliawatiSource: www.cnbcindonesia.com/Dapat Restu RKAB, Produksi Batu Bara BUMI Bisa Capai Segini