The national nickel mining company, PT Ceria Nugraha Indotama, fully supports the Indonesian Government's steps in developing the electric vehicle (EV) ecosystem.As the largest nickel producing country in the world, Indonesia plays a big role in the EV industry.“It is time for Indonesia to focus on the electric vehicle ecosystem. "The need for battery raw materials, especially nickel, will increase, and this will greatly benefit Indonesia's position,""This is because the electric vehicle ecosystem requires more nickel, where Indonesia has laterite nickel content consisting of limonite and saprolite layers," said Ceria Group CEO, Derian Sakmiwata when speaking at the 2023 Electic Vehicle (EV) & Battery Conference, held by Tempo Group, at the Borobudur Hotel Jakarta, on Tuesday, November 21 2023.According to Derian, so far smelters in Indonesia have mostly processed saprolite nickel ore which has a high nickel content. However, to meet the need for nickel as a raw material for batteries, processing limonite nickel ore with the characteristics of low-grade nickel content containing cobalt is also very necessary because it is more economical.“As a country that has the largest nickel deposits in the world, the government and business actors must be able to play a role in this electric car ecosystem. Because if not, a lot of reserves will be wasted," said Derian.As a National Strategic Project (PSN), currently PT Ceria is racing to complete its smelter project in Kolaka Regency, Southeast Sulawesi.The PT Ceria smelter which is being built will use 2 main technologies, Rectangular Rotary Kiln Electric Furnace (RKEF) technology with a capacity of 4×72 MVA, consisting of 4 production lanes to process Nickel Saprolite ore which is targeted for completion in 2024 and High Pressure Acid Leaching (HPAL) technology to process Nickel Limonite ore (lower grade nickel ore) to produce electric vehicle batteries which is targeted for completion in 2026.The total production capacity of the RKEF nickel smelter will be able to produce around 252,000 tons of Ferronickel (FeNi) with a content of 22% Nickel or around 55,600 tons of Nickel in it.Meanwhile, HPAL processing will have a production capacity of 308,000 tons in the form of Mixed Hydroxide Precipitate (MHP), which contains 120,000 tons of nickel metal and more than 12,500 tons of cobalt.All of PT Ceria’s industrial activities apply the principles and rules of Environment, Social and Governance (ESG).“ESG must be implemented by every company, especially for the mining industry like ours. If ESG is not implemented, it will certainly be difficult for the Company’s activities to be sustainable,” said Derian in the discussion.Derian explained that PT Ceria manages Mining Business Permits (IUP) covering an area of ​​6,785 hectares.“Resources and mineral reserves from the Ceria IUP will be allocated and processed in the smelter and refining processing plant that we built ourselves,” said Derian.In developing nickel processing and refining facilities, said Derian, his party must first ensure the availability of reserves to ensure the availability of a sustainable supply of nickel ore.“Actually, our reserves are not very large, but they are enough to supply our factory for 20 years,” he said.Derian explained this strategy considering that PT Ceria developed a smelter based on the characteristics of the resources and laterite nickel ore reserves in the Ceria IUP area.“From 100 percent of the total area of ​​our IUP, almost 50 percent has been explored, we are still exploring the other 50 percent,” said Derian when conveying an estimate of nickel ore resources and reserves from around half the area of ​​the Ceria IUP area.Deputy Chairman of Commission VII Indonesian Parliament, Eddy Soeparno also supports the target of making Indonesia one of the countries producing electric vehicle/EV batteries.However, Eddy hopes that Indonesia will not just be a target market, but will become a producer.“Indonesia should not just be a market, but must be a base for battery production for export,” he said.According to Eddy, it is time for the Government to think about domestic nickel resilience amidst concerns about the availability of nickel reserves in the future.Eddy said that if all nickel smelters were operational (around 60 IUI smelters and 7 IUPK OP smelters were pure) and The government continued to open up new smelter investment space, without being balanced with exploration activities to discover new reserves and good governance, so nickel reserves.“We will run out quickly (between 10-15 years),” he explained.Assuming that if all smelters operate with nickel production of 210 million tons of ore (wmt) per year, then Ni > 1.7% will run out in 2033 and Ni > 1.5% will run out in 2039.For this reason, Eddy urges that the current government needs to implement a moratorium on new investments in the construction of pyrometallurgical smelters with NPI products and Ferronickel (because the nickel content is still very low) and encourages further downstreaming of these products to become stainless steel and its derivatives.“The most appropriate step is of course to accelerate downstreaming. "Therefore, the government must strengthen its industry, including nickel, batteries and electric vehicles," he stressed.Special Staff to the Minister of Energy and Mineral Resources for Coal Governance and Minerals, Irwandy Arif, said that with Indonesia's power to control 22 percent of the world's nickel reserves, Indonesia plays an important role in providing raw materials for the world's nickel supply and demand .For electric vehicles, the Government is targeting 5 million new electric motorbikes and 6 million converted electric motorbikes by 2025. Then in 2023, there will be 13 million new and converted electric motorbikes.As of this October, the number of electric motorbikes has reached 74,988 units and 20,414 electric cars.“Apart from Indonesia, the world is also competing to implement electric vehicles. "This has resulted in the need for batteries increasing," said Irwandy."Indonesia's nickel is 22 percent in the world," said Irwandy when reading his remarks at the conference.Irwandy said the government continues to strive to support the battery and electric vehicle industry in Indonesia. Because of this, the government has anticipated the ecosystem for providing raw materials by classifying critical minerals."The main challenge is how to develop a strategic plan for this critical mineral to support the battery and electric vehicle industry," said Irwandy. (AT Network)Image source: SpecialSource: www.asiatoday.id/Indonesia Dominates World Nickel, PT Ceria Supports EV Ecosystem Development

State-owned nickel and gold mining firm PT Aneka Tambang (Antam) is expected to sign a joint venture agreement with China’s Contemporary Amperex Technology Co. (CATL) to produce raw materials for electric vehicle (EV) batteries in December.The move is part of a larger plan to build an end-to-end domestic supply chain for EV batteries in Indonesia, an effort spearheaded by state-owned PT Indonesia Battery Holding (IBC).The EV battery holding company is also in talks with CATL and South Korea’s LG Energy Solutions, the world’s top-two EV battery makers by market share, to establish other joint ventures to develop the upstream-to-downstream EV battery industry.Antam business development director I Dewa Bagus Wirantaya said the company and CATL planned to sign the joint venture agreement on Dec. 10.With exclusive interviews and in-depth coverage of the region's most pressing business issues, "Prospects" is the go-to source for staying ahead of the curve in Indonesia's rapidly evolving business landscape.The two firms were finalizing the precondition, the divestiture of Antam's nickel ore mining arm PT Sumber Daya Arindo (SDA), as well as several cooperation measures in the upstream and downstream businesses, he explained.“There will be a joint venture signing, there will be a close of the transaction. Afterward, [upstream operations] will begin,” Dewa told reporters in Jakarta on Monday in response to a question about when the joint venture would begin operations.Mining holding company MIND ID, oil and gas giant Pertamina, electricity monopoly PLN and Antam each own 25 percent of IBC. MIND ID president director Hendi Prio Santoso previously estimated that the firm would need US$12 billion to develop an EV battery plant with a capacity of 15 gigawatts until 2027.IBC director Toto Nugroho said the company played a significant role in Indonesia’s net-zero emissions goal by working to set up a 3.5 gigawatt-hour (GWh) energy storage system (ESS) by 2030, which the company plans to accomplish in collaboration with Antam.“So, battery production for ESS and EV could take place in Indonesia by developing Antam’s [downstream business],” he told House of Representatives Commission VII, which oversees energy and mineral resources, in Jakarta on Monday.Dozens of battery-related development projects are ongoing in the country, mainly in nickel-rich Sulawesi and North Maluku, including projects led by CATL and LG Energy Solution.IBC in April last year also signed a framework agreement with Antam, CBL and LG Energy Solution underpinning the firms' plan to create joint ventures in every value chain.Several local companies are building smelters to process nickel ore for battery feedstock.Others are focusing on manufacturing and/or distributing electric two-wheelers and commercial EVs, including buses and trucks, as electric cars remain unaffordable for most Indonesians. Still others are installing charging or battery-swap stations, many collaborating with foreign companies to catch up on technology and for development aid.On April 14, Ningbo Contemporary Brunp Lygend Co (CBL), a CATL subsidiary, signed a framework agreement with Antam and IBC to develop the EV battery ecosystem in Indonesia.The project, located in the FHT Industrial Park, North Maluku, is worth around USD 6 billion and will include nickel mining and processing, EV battery materials and EV battery manufacturing, as well as battery recycling.Image source: AntamSource: www.thejakartapost.com/Antam to sign joint venture deal on EV battery plant in December

Volvo Construction Equipment is continuing its rollout of lower emissions construction equipment across Asia, with the introduction of the first electric machines in Indonesia.Two models are now available in the country after being presented to customers at Indotruck Utama’s Inspire 2023 event in September. The launch follows the introduction of other electric machines in China, South Korea, Japan and Singapore, and bodes well for mining-class electric machines arriving in the next decade.The first two electric construction machine models from Volvo CE in Indonesia are now available for purchase, with the company noting there is already strong interest in the ECR25 Electric compact excavator and the L25 Compact wheel loader, particularly from customers in the general construction, agriculture, material handling and livestock industries.The ECR25 Electric compact excavator is a 2.6-2.8 t capacity machine with a 22.3 kN breakout force. It has an onboard charger for general charging, an external quick charger (optional for indoor/outdoor specifications), and a 20 kWh battery array, allowing for 3-4 hours of work per charge.The L25 Electric compact wheel loader features a 2.1-t payload and a maximum speed of 20 km/h. The machine comes with a 40 kWh battery pack and is expected to deliver 6-8 hours of work per charge. Both machines offer near-silent operations and zero emissions while enhancing operator comfort thanks to a working environment that removes the vibrations and noise associated with diesel machines.To complement the existing models, in 2024 Volvo CE is planning on expanding its electric portfolio with the launch of the L120H loader, which is built with state-of-the-art technology to increase productivity and profitability. This commitment from Volvo CE to extend its electric machine range will open new opportunities for customers in the mining and aggregates sectors to reduce their carbon footprint, it says.Volvo CE understands that customers are setting their own environmental targets to reduce carbon footprints to accelerate the green transition. With this in mind, it is working in partnership with customers, creating bespoke step-by-step programs to help organisations achieve their unique climate goals.“We’ve seen a significant amount of interest, excitement, and anticipation from our customers in Indonesia, so bringing the first electric machines to market is a major milestone for us,” Gerrit Lambert, Head of Market Indonesia, Volvo CE Asia, said. “Already we’re seeing high interest from customers thanks to the machines’ key benefits, such as the fact that they are CO2 free and offer a lower cost of ownership than traditional machines.”Volvo CE says it is committed to ensuring its clients are fully prepared for the introduction of electric machines in Indonesia. To facilitate this, it conducted several intense safety and service training sessions with dealer partner, PT Indotruck Utama. This training not only surpasses all regulations required by the Indonesian government, but also adheres to European standards. The company is now embarking on a series of demonstrations nationwide with the new machines, so customers get a detailed look at the features and benefits they deliver.Image source: Volco CESource: www.im-mining.com/Volvo CE introduces first electric machines to Indonesian market

PT United Tractors Tbk (UNTR) has set operational performance targets for the coming year, covering heavy equipment, coal mining, and gold mining segments.In the heavy equipment segment, UNTR has reduced its year-on-year sales target for heavy equipment by 25% to 3,800 units to 4,000 units for the next year.Sara K. Loebis, the Corporate Secretary of United Tractors, mentioned that the decline in next year's target is due to a slowdown in the demand for heavy equipment in the mining sector. Furthermore, spending in the construction/infrastructure sector is expected to decrease, waiting for the conclusion of the 2024 Indonesian general election momentum.Throughout the first nine months of 2023, UNTR sold 4,365 units of Komatsu heavy equipment. This figure represents a 3.72% year-on-year decline, as sales for the same period last year amounted to 4,534 units.However, UNTR has set optimistic targets for other segments. For the mining contractor business through PT Pamapersada Nusantara (Pama), UNTR aims for a 15% growth in production next year.In the third quarter of 2023, Pama recorded a 16% increase in coal production volume from 83 million tons to 96 million tons. Pama also reported an increase in overburden (OB) removal work volume by 23%, from 692 million bank cubic meters (bcm) to 853 million bcm.For the coal sales volume of PT Tuah Turangga Agung (TTA), UNTR is targeting a growth of 9%.In the third quarter of 2023, total coal sales reached 8.5 million tons, an increase of 10% from the same period in 2022, which was 7.8 million tons. This figure includes 1.8 million tons of metallurgical coal.Gold sales conducted by PT Agincourt Resources are targeted to grow by 34% annually. Until September 2023, the total equivalent gold sales from the Martabe mine reached 147,000 ounces, a decrease of 32% compared to sales in the same period in 2022, which was 216,000 ounces.BRI Danareksa analyst, Erindra Krisnawan estimates that UNTR's net profit will reach its peak this year before experiencing a contraction in 2024-2025.This year, UNTR is estimated to record revenue of IDR 120.25 trillion with a projected net profit of IDR 21.40 trillion.Erindra believes that the normalization of coal prices will continue in 2024-2025, with projections of Newcastle coal prices at USD130 per ton and USD 100 per ton, respectively.Therefore, the net profit of this subsidiary of PT Astra International Tbk (ASII) is projected to decrease by 19% and 5% in 2024 and 2025.For 2024, gross profit in the heavy equipment, mining contractor, and coal mining segments is expected to decrease by 6%, 12%, and 39%, respectively.Image source: ANTARA FOTO/M Risyal HidayatSource: www.investasi.kontan.co.id/Intip Target Operasional United Tractors (UNTR) pada 2024

PT Trimegah Bangun Persada Tbk. (NCKL) is targeting the operation of a High Pressure Acid Leach (HPAL) based refining facility with a capacity of 65,000 tons per year by mid-2024.Roy Arman Arfandy, President Director of Harita Nickel, revealed that NCKL is currently preparing for the construction of the second HPAL refining facility. This facility is expected to start its operation in the middle of next year."The production capacity of Mixed Hydroxide Precipitate (MHP) HPAL is 65,000 tons of nickel metal per year," said Roy to Bisnis on Tuesday (21/11/2023).The construction of HPAL is carried out through its subsidiary, PT Obi Nickel Cobalt (ONC). The facility is targeted to have three production lines with a production capacity of 65,000 tons of nickel content per year for Mixed Hydroxide Precipitate (MHP).NCKL has expansion plans by increasing the production capacity of both ferro-nickel and MHP by 120,000 tons of metal per year until the end of 2024. In addition, the ferro-nickel capacity is expected to increase with the planned construction of the third Rotary Kiln Electric Furnace (RKEF) technology smelter, which is scheduled to operate in 2025.The construction of RKEF will be carried out through its associate entity, PT Karunia Permai Sentosa (KPS), which is targeted to have 12 production lines with a production capacity of 185,000 tons of nickel ferro-nickel content per year.Roy emphasizes NCKL's commitment to continue its previously planned projects."We will run operations efficiently so that all projects run well and on time," he said.For your information, Harita Nickel has a mining business license (IUP) covering approximately 9,000 hectares, consisting of four mining concessions. Two mines are already operational, while the other two will be activated to support the supply of nickel ore raw materials in the future.Roy also reaffirms NCKL's intention to continuously increase the mine life and nickel ore reserves by acquiring new mining concessions and collaborating with local mining companies.With these projects, NCKL hopes to strengthen its position in the nickel industry and support the growth of the domestic mining sector.Image source: Harita NickelSource: www.market.bisnis.com/Smelter HPAL Harita Nickel (NCKL) Beroperasi Pertengahan 2024

PT Kideco Jaya Agung (Kideco) has realized coal production of 25.4 million tons during January-October 2023. This figure is approximately 81.93% of the company's full-year production target.For your information, Kideco aims for a production target of 31 million tons of coal throughout 2023. The subsidiary of PT Indika Energy Tbk (INDY) is currently facing coal demand from several countries in the export market."The highest demand in the export market comes from China, India, Japan, South Korea," said Ricky Fernando, Head of Corporate Communications at Indika Energy, to Kontan.co.id (15/11).The realized coal production of Kideco in the first 10 months has decreased compared to the production figure for the same period last year. Throughout January-October 2022, Kideco's coal production reached 29.4 million tons.Despite the decrease in production, the management is optimistic about achieving the production target set for the year 2023. According to Ricky, INDY has prepared strategies to maintain the company's performance."Strategies include optimizing productivity, improving efficiency, maintaining cash position, and optimizing capital expenditures," explained Ricky.For your information, coal sales continue to be the main support for INDY's consolidated revenue in January-September 2023. The company's interim financial report (unaudited) shows that INDY generated revenue of USD 2.04 billion in January-September 2023 in the coal sales business line.This amount is equivalent to 88.90% of the total consolidated revenue of INDY for the January-September 2023 period, which amounted to USD 2.29 billion.Image source: Sriwijaya Post/Syahrul HidayatSource: www.industri.kontan.co.id/Kideco Jaya Agung Produksi 25,4 Juta Ton Batubara Sepanjang Januari-Oktober 2023

PT Indonesia Asahan Aluminium (Persero) aims to increase its aluminum production capacity to 300,000 tons per day by 2026.Melati Sarnita, the Business Development Director of Inalum, stated that the increase in production capacity is intended to meet the demand for aluminum in the market."As information, the total domestic aluminum demand currently reaches 1.2 million tons per year, while Inalum is still the main supplier of aluminum in Indonesia with a capacity of only 250,000 tons per year," said Melati to Kontan.co.id on Friday (17/10).As part of Inalum's expansion agenda, the addition of aluminum production capacity from 250,000 to 300,000 tons is planned through an additional 25,000 from the Optimalization Pot Project and 25,000 from the Upgrading Pot Project, which is currently underway.Besides enhancing existing facilities, Inalum also plans to increase capacity by adding a new 600,000 tons per year smelter in Kuala Tanjung. Furthermore, the company is continuing the Alumina Refinery Expansion Phase 2 project in Mempawah, West Kalimantan."Currently, it is in the final investment decision (FID) preparation phase, scheduled for the second quarter of 2024," said Melati.Melati did not disclose the budget allocated for financing the company's expansion agenda. However, she confirmed that the funding source comes from Inalum's internal cash."This increase in production capacity uses Inalum's internal funding sources," concluded Melati.In line with Melati's statement, domestic aluminum demand exceeds domestic production capacity. Data from the Central Statistics Agency shows that Indonesia has been importing hundreds of thousands of tons of aluminum and related goods annually for at least the past five years. The import value has reached USD 1 billion each year.Specifically, the detailed import volume of aluminum and related goods in the last five years, according to BPS data, is as follows: 814,363.36 tons (or USD 2.17 billion) in 2018, 750,070.71 tons (USD 1.89 billion) in 2019, 606,730.26 tons (USD 1.41 billion) in 2020, 722,711.86 tons (USD 2.08 billion) in 2021, and 713,821.98 tons (USD 2.36 billion) in 2022.Cumulatively, Indonesia has imported 3.60 million tons of aluminum and related goods from 2018 to 2023, with a total import value of USD 9.92 billion from 2018 to 2022.It is not without reason that Indonesia still imports aluminum. Apart from the high demand, there is also the issue of limited processing capacity at the upstream level.Based on data from the Association of Indonesian Mining Professionals (PERHAPI), Indonesia has substantial bauxite resources, with 6.2 billion tons, and reserves of 3.2 billion tons. With these resource figures, PERHAPI estimates that the endurance of bauxite reserves could exceed 100 years, assuming current demand levels.For your information, Indonesia's annual bauxite production can reach up to 60 million tons. However, the domestic capacity to process or refine bauxite into alumina, a compound that can be further processed into aluminum, is still limited.Rizal Kasli, the Chairman of the Association of Indonesian Mining Professionals (PERHAPI), stated that bauxite ore processing in the country currently consists of Smelter Grade Alumina (SGA) with a total input capacity of 12 million tons per year and Chemical Grade Alumina (CGA) smelters with a total input capacity of 1-2 million tons per year.Thus, domestic bauxite ore processing facilities can currently absorb 13 million to 14 million tons of bauxite ore per year. This underscores the importance of investing in the development of smelters to maximize the potential of domestic bauxite ore."The (bauxite processing capacity) cannot (accommodate annual bauxite ore production) as long as there are no new smelters," said Ronald to Kontan.co.id on Wednesday (15/11).Image source: ANTARA FOTO/AdivaSource: www.industri.kontan.co.id/Inalum Genjot Kapasitas Produksi Aluminium

PT Indo Tambangraya Megah Tbk. (ITMG) is actively seeking potential nickel mines for acquisition, collaborating with strategic partners in this business venture. Somruedee Somphong, the Chief Executive Officer of Banpu Public Company Limited, the parent company of ITMG, expressed a willingness to collaborate with Indonesian companies, to become partners in green energy projects from upstream, midstream to downstream. In the mineral sector, ITMG is also targeting the nickel business. However, she clarified that if ITMG were to acquire a nickel mine, Banpu would not integrate it with the Durapower battery production facility."Durapower will focus on producing battery cells in southern China," stated Som, as quoted on Sunday (19/11/2023).She further explained that it would be impractical to transport Indonesian nickel to be processed elsewhere due to existing regulations. Consequently, ITMG cannot ship its nickel to Durapower.Nevertheless, Som expressed optimism that ITMG could establish partnerships with several Indonesian companies, creating a comprehensive battery value chain. "This will create great value for ITMG, and also Banpu," she said.Earlier, Yulius Gozali, the Corporate Communications and Investor Relations Director of ITMG, mentioned that the company is actively searching for potentially lucrative nickel mines for acquisition. Currently, ITMG has held talks with a number of nickel companies. "We are planning to diversify into the nickel business and are currently looking for mines to acquire," said Yulius.Yulius explained that ITMG's entry into the nickel business is part of its strategy to diversify its non-coal business activities while contributing to the development of the electric vehicle ecosystem. Therefore, the mine that will be acquired is expected to be able to provide products for battery raw materials.Image source: JIBI/Bisnis/Eusebio ChrysnamurtiSource: www.market.bisnis.com/Indo Tambangraya (ITMG) Bicara Arah Ekspansi Bisnis Nikel

PT Delta Dunia Makmur Tbk. (DOID) has increased its ownership stake to 34.5% in Asiamet Resources Limited (AIM) through a private placement transaction equivalent to USD 4 million or IDR 62.01 billion (JISDOR exchange rate of IDR 15,506).Ronald Sutardja, the President Director of Delta Dunia Group, stated that DOID has conducted a private placement of USD 4 million directly with Asiamet Resources Limited, listed on AIM."This placement adds 366,891,000 shares to the Delta Dunia Group's ownership, increasing the Group's ownership stake from 24.2% to 34.5% and reinforcing the Group's position as the largest shareholder in Asiamet," he said in an official statement, quoted on Thursday (16/11/2023).Meanwhile, Asiamet's flagship Copper Project BKM in Central Kalimantan has completed the Feasibility Study phase. Ronald mentioned that the funds from this private placement would facilitate the progress of the BKM project through the implementation of technical aspects, contractual work, and general working capital.He also claimed that DOID continues to support Asiamet in advancing the BKM Copper Project to the next technical stages. Copper remains a crucial and central metal for energy transition initiatives. Our diverse team collaborates closely with Asiamet, demonstrating Delta Dunia Group's commitment.Delta Dunia Group believes that its collaboration with Asiamet, leveraging the core expertise of PT Bukit Makmur Mandiri Utama (BUMA) in mining services in Indonesia, will be part of the broader Group's commodity diversification strategy.Delta Dunia Group remains committed to developing its ESG strategy, particularly in building the core competencies of Delta Dunia Group in providing resources needed by a transitioning world, in the most efficient and sustainable manner.The increased stake of DOID in Asiamet strongly supports the diversification strategy, particularly focusing on potential future commodities such as copper."This step reaffirms Delta Dunia Group's dedication to strategic growth and adaptation to the dynamic commodity landscape, emphasizing our commitment to long-term success by prioritizing sustainability initiatives," added Ronald.Image source: deltadunia.comSource: www.market.bisnis.com/Diversifikasi ke Tembaga, Delta Dunia (DOID) Tambah Modal di Asiamet Rp62,01 Miliar

PT Bumi Resources Tbk. (BUMI) estimates that coal production volume will reach 54 million tons by the third quarter of 2023.BUMI's Director, Dileep Srivastava, estimates the company producing approximately 54-55 million metric tons of coal during the first nine months of 2023. "The performance of BUMI year-to-date September 2023 is likely to be released on November 30. My estimate is that production will reach 54-55 million metric tons of coal during this period," stated Dileep to Bisnis on Monday (20/11/2023).For the remainder of the year, Dileep predicts that BUMI could produce between 77 million and 78 million tons of coal. This production target represents an increase compared to the 2022 figure of 70 million tons.Up until the end of the first half of 2023, BUMI had recorded coal production of 34.5 million tons, marking a 2% increase compared to the same period in 2022.BUMI sold this coal at an average selling price (ASP) of USD 93.2 per ton. Meanwhile, BUMI's coal sales reached 34.6 million tons in the first half of 2023, representing a 2% increase compared to the first half of 2022.In the first semester of 2023, BUMI reported revenue of USD 3.3 billion, a 13.3% decrease compared to the first half of 2022, which amounted to USD 3.81 billion.BUMI's revenue in the first semester of 2023 fell due to the continuous heavy rain condition (La Nina).BUMI's attributable net profit also fell by 51.2 percent in the first semester of 2023, to USD 81.8 million from USD 167.7 million on an annual basis.Image source: Artha Adventy-BisnisSource: www.market.bisnis.com/Bumi Resources (BUMI) Prediksi Produksi Batu Bara 55 Juta Ton Kuartal III/2023