PT Bukit Asam Tbk (PTBA) officially commenced the commercial operation of the Mine Mouth Sumsel-8 Coal Power Plant on October 7, 2023.The Mine Mouth Sumsel-8 Coal Power Plant is a result of a strategic collaboration between PTBA and China Huadian Hongkong Company. The function of this coal power plant is to supply electricity to PLN for public use in the electrical system in Sumatra.PTBA's President Director, Arsal Ismail, explained in a disclosure to the Indonesia Stock Exchange (IDX) that the Mine Mouth Sumsel-8 Coal Power Plant, located in Tanjung Lalang, South Sumatra, has a capacity of 2x660 megawatts (MW)."We hope that the Tanjung Lalang Coal Power Plant can assist PLN in meeting the electricity needs in the Sumatra region and create a multiplier effect for economic growth, contributing to development," Arsal stated.He further detailed that the Mine Mouth Sumsel-8 Coal Power Plant requires an annual supply of 5.4 million tons of coal, with a project investment value of USD 1.68 billion or approximately IDR 26.54 trillion.Arsal also explained that the Mine Mouth Sumsel-8 Coal Power Plant will utilize efficient and environmentally friendly supercritical technology, capable of reducing exhaust gas. Additionally, the coal power plant will implement Flue Gas Desulfurization (FGD) technology to reduce sulfur dioxide emissions from coal power plant exhaust gases.According to information from IDX, Jisman Hutajulu, the Director General of Electricity at the Ministry of Energy and Mineral Resources (ESDM), stated that electricity demand in Sumatra continues to rise."Therefore, the Mine Mouth Sumsel-8 Coal Power Plant plays a crucial role in meeting this increasing demand," clarified Jisman.PTBA's Financial Performance DeclinesIn the latest financial performance report for the third quarter of 2023, PTBA disclosed a net profit of IDR 3.8 trillion at the end of September 2023.However, PTBA's net profit realization experienced a 62% year-on-year decline compared to the same period last year, reaching IDR 10 trillion. In terms of revenue, PTBA recorded a total revenue of IDR 27.7 trillion, representing a 10.84% decrease compared to the same period last year, which amounted to IDR 31.07 trillion.Image source: PTBASource: www.trenasia.com/Bukit Asam PTBA Resmi Jalankan PLTU Sumsel 8 Nilai Investasi Capai Rp 26 Triliun

PT Adaro Energy Indonesia Tbk. (ADRO) has recorded a capital expenditure (capex) absorption of USD 473 million or approximately IDR 7.32 trillion (based on the Jisdor exchange rate on September 30, 2023, of IDR 15,487 per USD) for the first 9 months of 2023.Wrote By ADRO Management that the capital expenditure absorption increased by 71% compared to the same period the previous year, amounting to USD 277 million."The capital expenditure during this period was mainly utilized for the purchase and replacement of heavy equipment and vessels, initial investments in aluminum smelters and their supporting facilities, and infrastructure investments," wrote the management, as quoted on Monday (November 6, 2023).The purchase and replacement of heavy equipment and vessels contributed to a 21% increase in ADRO's fixed assets by the end of the first 9 months of 2023, amounting to USD 1.667 million. These fixed assets account for 16% of the total assets.ADRO's aluminum smelter will be operated by PT Kalimantan Aluminium Industry (KAI), which has selected all main contractors for the construction and installation of the smelter.KAI has completed land clearing for permanent accommodations, coastal jetty breakwater, and the construction of supporting facilities, earthworks, and continued construction of other infrastructure-related facilities.Adaro also reported a 35% increase in net cash outflow from financing activities in the first 9 months of 2023, reaching USD 1.058 billion, mainly due to increased dividend payments. As known, ADRO distributed a cash dividend of USD 1.0 billion to shareholders for the 2022 fiscal year.As of the first 9 months of 2023, ADRO and its subsidiaries (Adaro Group) achieved a sales volume of 49.12 million tons, representing an 11% increase from the same period in 2022. This accomplishment aligns with the FY23 sales volume target set at 62–64 million tons.Similarly, the production volume increased by 12% to 50.73 million tons in the first 9 months of 2023, while the overburden stripping volume rose by 25% to 217.43 million cubic meters in the same period. The stripping ratio stood at 4.29x, reflecting a 12% increase from the first 9 months of 2022 and in line with the set target of 4.2x for the full year 2023.Image source: ADROSource: www.market.bisnis.com/Adaro Energy ADRO Serap Capex Rp73 Triliun Kuartal III2023

Indonesia continuously wooed the global audience with its impressive growth in multiple sectors. From the nation’s rapid post-pandemic growth to its tenacious infrastructure and industry development - added to the Government’s ambitious infrastructure and investment target, Indonesia has certainly positioned itself as a key market for many businesses worldwide.This promising trend is motivating many organizations and Progesys to expand its business in Indonesia. The multidisciplinary project management firm operate in Indonesia since 2012 and commemorated this journey by holding its new office inauguration event today, 7 November 2023, in Jakarta.Riad Faour, President and CEO, Progesys.“Indonesia is on an impressive growth path, and we at Progesys believe in our expertise to contribute to this growth,” said Riad Faour, President & CEO, Progesys in his welcoming remarks at the office inauguration event. “We believe in adding value to our clients, their projects and the communities involved. We are excited about this journey in Indonesia and looking forward to supporting Indonesia project owners in delivering successful projects and achieving their business objectives.” Riad added.Progesys business focuses on delivering industrial and infrastructure projects around the world, the firm distinguished itself by its know-how in management and transition to operations.Rami Faour, Vice President - Business Development, Progesys“Making the client’s vision a successful reality is at the heart of what we do. We serve a wide range of markets that span from our origins in the aluminum industry to energy, hydrocarbons, mining and metals, infrastructure, transportation, and more,” said Rami Faour, Vice President - Business Development, Progesys in his introduction speech at the event. “More importantly, in delivering our services we are committed to working towards building a better future by sharing our know-how on delivering environmentally responsible and sustainable projects.” he added.Progesys’ services include project management, engineering management, construction management, operational readiness, commissioning, ESG practices implementation, industrial programming, and Industry 4.0.Established in Canada in 2003, Progesys has expanded into a strong firm with offices in seven countries. Having managed and commissioned hundreds of facilities across the world, Progesys ensures operability in terms of performance, reliability, safety, and information traceability.Also attending the office inauguration event to support this expansion journey were representatives from Embassy of Canada, Mark Strasser, Senior Trade Commissioner; Francis Despatis, Second Secretary (Commercial) & Trade Commissioner; and Melani Ismael, Trade Commissioner. In addition, the event was also attended by Guillermo Martin Moyano, Director of Economic Affairs, Québec Government office in Singapore, who represented the President of Investissement Québec International, Hubert Bolduc. Marie-Élaine Jacome, Specialist Advisor, Metals, Mines and Forests, Exports at Investment Quebec International, was also present in this office inauguration event, supporting the expansion of Progesys.Mark Strasser, Senior Trade Commissioner, Embassy of CanadaIn his remarks, Mark Strasser, Senior Trade Commissioner, Embassy of Canada said, “We applaud Progesys for their dedication in developing their operations in Indonesia, their relentlessness in pursuing business opportunities and their outstanding efforts to comprehend Indonesian culture and the way business is conducted.”Marie-Élaine Jacome, Specialist Advisor, Metals, Mines and Forests, Exports at Investment Quebec InternationalAlso showcasing support, Hubert Bolduc, President of Investissement Québec International, noted, “ESG factors are essential to meet growing stakeholder expectations, as it contributes to the sustainability of the industry, as well as in mitigating associated risks. Therefore, Investissement Québec International is proud to support a company as Progesys in their growth and its diversification.”Sean Emmond, Chief Representative - Indonesia, Export Development CanadaSean Emmond, Chief Representative - Indonesia, Export Development Canada, also conveyed his support in his welcoming remarks, “The opening of the Progesys Indonesia office marks a great step in the Company’s international expansion. EDC applauds the growing presence of Canadian exporters and investors like Progesys in this dynamic, fast-growing market. EDC looks forward to working closely with Progesys as the Company seeks to develop its business here.”The office inauguration event was officiated with ribbon-cutting ceremony, which was then followed by an office tour for all attendees and media.About ProgesysProgesys is a project management company focused on helping projects reach their full potential. We help project owners achieve their objectives through excellence in project management and an optimal transition to operations. Founded in 2003, the company offers services in project management, engineering management, construction management, operational readiness, commissioning, ESG practices implementation, industrial programming, and Industry 4.0. Progesys provides its expertise to a range of international markets and sectors, from its origins in the aluminum industry to energy, hydrocarbons, mining and metals, infrastructure, transportation and more. Headquartered in Canada with regional offices in USA, Brazil, UAE, Oman, Malaysia, and Indonesia, Progesys has completed capital projects in more than 50 countries. The Progesys team is made up of brilliant, diverse, and passionate people who share common values: Leading by example, being open-minded, valuing life and resources, and upholding moral and ethical principles. For more information, visit Progesys.ca or follow Progesys Inc on LinkedIn.Image source: Indonesia MinerSource: Gabrielle Sorensen, Communication & Social Media Coordinator, Progesys

The financial performance of PT Bumi Resources Minerals Tbk (BRMS) is improving. As of the third quarter of 2023, this mineral mining issuer posted revenue of USD 32.74 million.This realization jumped 294% from revenue in the same period the previous year which was only USD 8.32 million.This figure also managed to surpass BRMS' revenue in 2022, which at that time reached USD 11.64 million.Agus Projosasmito, President Director of BRMS, said that BRMS's revenue in this period was driven by the moncernya gold segment, where revenue from the gold segment reached USD 31.74 million or shot up to 340% on an annual basis or year-on-year (yoy).The rest was contributed by mining advisory revenue worth USD 1 million.The subsidiary of PT Bumi Reseources Tbk (BUMI) recorded gold production of 511 kilograms (kg) or equivalent to 16,437 oz in the first nine months of 2023. This number reflects an increase of 328% from the same period last year."The improved production performance is due to the operation of the 2nd gold plant which continues to increase towards full capacity," Agus said, Monday (30/10).BRMS expects to continue to increase gold production in line with the 2nd plant which will reach full capacity in the fourth quarter of 2023.BRMS subsidiary PT Citra Palu Minerals (CPM) has completed the construction of its second gold plant in Palu with a capacity of 4,000 tons of ore per day in November 2022.In addition, CPM also operates a smaller gold mill with a capacity of 500 tons of ore per day in Palu. In the first 9 months of 2023, both gold plants operated with an average processed tonnage of 1,500 tons of ore per day.Image source: BRMSSource: www.investasi.kontan.co.id/Bumi Resources Minerals BRMS Kantongi Pendapatan US 3274 Juta Di Kuartal III 2023

The construction of PT AMNT's smelter in West Sumbawa Regency is progressive, now reaching 70%. In fact, during the visit of the President of the Republic of Indonesia, Joko Widodo, some time ago to West Sumbawa, the progress only reached 51%. "At the time of the President's visit a few months ago, the progress had only reached 51%. Now it has reached 70%," explained Acting Governor of NTB Drs H Lalu Gita Ariadi, M.Si when he had the opportunity to watch from the air the progress of PT AMNT's smelter construction, Saturday, October 28, 2023.On that occasion, Pj Governor Miq Gite explained that the construction of the PT AMNT Smelter and the many regional infrastructure development projects involved many local workers. Under normal conditions, the number of workers reaches 6 thousand people, now with many project activities, the number of workers reaches 20 thousand people. There are smelter construction works, project expansion, construction of PLTU, SWRO, Jetty and other developments."In normal conditions, the number of people working reached 6 thousand people, now with many project activities, the number of people working reached 20 thousand people," explained Miq Gite.Miq Gite hopes that in 2024 the smelter work can be completely built and operated in 2025. The Pj Governor also hopes that other ancillary industries will soon follow so that an Industrial Estate is formed in KSB which can bring benefits to the people of NTB."Hopefully in 2024 the smelter will be completed and operational in 2025. Hopefully other ancillary industries will soon follow so that an Industrial Estate is formed in KSB," he hoped.Image source: pulausumbawanews.netSource: www.pulausumbawanews.net/Pembangunan Smelter Amman Mineral Di KSB Capai 70 Persen

PT Gunbuster Nickel Industry establishes work expansion cooperation as an ongoing effort to have a positive impact on the country's economy.PT GNI has been established since 2019 in North Morowali, Central Sulawesi. The company is based on the smelter industry with products in the form of Nickel Pig Iron (NPI).As a leading company that continues to grow, PT GNI opens opportunities for new workers to join. In line with this, PT GNI collaborates with the Ministry of Manpower (Kemenaker) and the North Morowali Regional Government for the expansion of labor market information.The goal is for a competent workforce to become part of PT Gunbuster Nickel and innovate together. The realization of this cooperation such as the development of technology facilities in the field of service and placement of workers.Not only that, the SIAPkerja platform was also built as a follow-up effort to this collaboration. The SIAPkerja platform itself is an intertwining of cooperation in the industrial area and in order to keep up with technological developments, SIAPkerja can also be accessed through applications.Before discussing further about the cooperation with PT Gunbuster, it would be nice to first look at the profile of this company, including the products and technology used by PT GNI. Here is the full review:PT GNI Company ProfileTony Zhou Yuan is the figure behind PT GNI, which is a Chinese businessman who serves as Director of PT Gunbuster Nickel Industry.In particular, PT GNI is engaged in smelter, which is a processing and refining facility for mining products with the aim of increasing metal content. Although the specifications are different, the fields worked on by the two companies are still on the same track.In accordance with its vision, PT GNI will continue to innovate in order to become the number one smelter industry in Indonesia as its slogan "Second to None". In addition, the company also strives to continue to provide the best in adding value to nickel products.Despite being a company that has not been operating for a long time, PT Gunbuster has become one of the leading companies in Indonesia. Therefore, this company must have quality production results and continue to be developed.PT GNI uses advanced technologyOne of the advantages in the production process of PT GNI is the use of RKEF technology (Rotary Kiln Electric Furnace) which is an environmentally friendly technology used by PT GNI.Not without reason why PT Gunbuster Nickel chose to use RKEF technology. RKEF technology is widely used by nickel smelter companies based operations in Indonesia.Based on overall calculations, the RKEF used by PT GNI has many advantages. One of them is the claim that the work is faster with maximum results.This environmentally friendly technology was chosen by PT GNI in order to continue to innovate and create high-value products. Thus, the objectives of the cooperation between PT GNI, the Ministry of Manpower, and the North Morowali Regional Government can be maximized.PT GNI Product ListIn Indonesia, nickel is one of the valuable mining commodities. In fact, Indonesia is listed as the country with the largest nickel reserves in the world.With this potential, the Indonesian government seeks to increase the value of nickel exports. So one of the downstreaming carried out is through PT Gunbuster. The realization is to process nickel so that Indonesia does not only export raw materials.Since raw material export activities are no longer allowed, then the next nickel exports will be product-based. So that's what PT GNI does, which is to produce processed nickel products which can then be exported.The main product of PT Gunbuster Nickel is Nickel Pig Iron (NPI). Furthermore, this product is the basic material for stainless steel products - products that we certainly use a lot in our daily lives.Nickel has long been the basic material for tools used by humans. Even nickel materials have been used since royal times such as in the use of krises.The factor that differs the use of nickel material then and now is its quality. This is where PT Gunbuster plays a role in creating higher quality nickel products. As a result, we can enjoy nickel-based products with reliable durability.Before becoming ready-to-use products, the origin of PT GNI is NPI or Nickel Pig Iron. Although both are the result of nickel processing with other types of nickel ore processing, these products have many differences in terms of nickel content, process, and additional raw materials used.PT Gunbuster Nickel's products are in the form of Nickel Pig Iron (NPI). This product has a nickel content of about 10 to 12%. NPI nickel content. PT GNI Work Safety ProceduresThe process of processing and refining nickel ore certainly requires a process that is not short and also full of risks. Especially when looking at the fact that this processing uses complex equipment.In line with this risk, PT GNI highly prioritizes worker safety by tightening PT GNI's work safety procedures. Many efforts have been made to minimize risks and continue to be committed to preventing work accidents.In response to this, the Ministry of Manpower has set special signs in work procedures. This work safety regulation is also maximally implemented by PT GNI. In addition, here are some of PT GNI's efforts in tightening PT GNI's work safety procedures:Routinely conducts training on handling work accidents by cooperating with Basarnas of Palu city.PT Gunbuster established a work safety and health committee (P2K3).PT GNI's work safety and health commitment and pledge.Testing work safety aspects, from heavy equipment and operations to work environment conditions.Regularly organizing training and certification activities related to security, safety and health.PT GNI's Role in Labor Market ExpansionPT Gunbuster Nickel produces products that will continue to be used in everyday life. Therefore, PT GNI continues to make development efforts and opens opportunities for new generations to join.The need for PT GNI workers will also continue to increase along with its development. Therefore, cooperation with the Ministry of Manpower and the North Morowali Regional Government is carried out to attract a committed workforce. In the future, PT GNI plans to expand its workforce capacity to tens of thousands of workers.Image source: PT Gunbuster Nickel IndustrySource: www.kompasiana.com/PT Gunbuster Nickel Industry Jalin Kerja Sama Untuk Perluasan Pasar Kerja

PT Adaro Minerals Indonesia Tbk (ADMR) reported the achievement of the development of a jumbo aluminum smelter in North Kalimantan. ADMR President Director Christian Ariano Rachmat said that through PT Kalimantan Aluminum Industry (KAI), ADMR is actively developing opportunities in the mineral sector, with a focus on downstream mineral processing. This business leads the transformation of the Adaro Group to support a green economy and pursue sustainable growth. "The construction of the aluminum smelter and its supporting facilities continues to show good progress. The project is expected to be completed in the third quarter of 2025, which is an important event in our efforts to support Indonesia's downstream initiatives in the green industrial area in Kaltara," he explained in a press release, Tuesday (31/10/2023). Following the signing of the loan facility agreement in Q2/2023, KAI is currently focusing on the pre-construction phase of the aluminum smelter project.As of the end of Q3/2023, KAI has completed land clearing for the permanent mess, coastal jetty breakwater, and construction of supporting facilities such as the outdoor laydown warehouse, heavy equipment workshop, and batching plant.KAI has also started the piling work for the foundation of the smelter area, as well as the construction of other supporting facilities, including the temporary camp, indoor warehouse, and brick factory. KAI has appointed all main contractors for the construction and installation of the aluminum smelter. Furthermore, in the fourth quarter of 2023 KAI will continue work to improve ground conditions and land leveling in the aluminum smelter area, as well as continue dredging, construction of heavy cargo, universal cargo, and berthing trestles for the jetty area.For information, PT Adaro Energy Indonesia Tbk (ADRO) through its subsidiary PT Adaro Minerals Indonesia Tbk (ADMR) is developing an aluminum smelter through its subsidiary PT Adaro Indo Aluminum. Adaro carried out the aluminum smelter development process in the industrial area of PT Kalimantan Industrial Park Indonesia (KIPI), North Kalimantan. The overall investment value of the smelter development, including the power plant, reached USD 2 billion in the first phase, with a capacity of 500,000 tons per year. By investing in an aluminum smelter, ADRO hopes to help reduce aluminum imports, provide processing and added value to alumina, and increase state tax revenues.ADMR Performance Meanwhile, ADMR posted revenue of USD 720.62 million or IDR 11.25 trillion (estimated exchange rate of IDR 15,625 per US dollar) as of September 2023. ADMR's revenue increased 8.12% from USD 666.48 million as of September 2022.ADMR's cost of revenue as of September 2023 reached USD341.01 million, up from USD 251.5 million as of September 2022. ADMR's gross profit also fell to USD379.60 million compared to USD 414.88 million previously.ADMR recorded a profit for the period attributable to owners of the parent entity of USD 250.50 million or IDR 3.91 trillion. ADMR's net profit fell 11.87% from the previous USD 283.36 million.ADMR disbursed net cash flow for investment of USD 101.96 million as of Q3/2023, up from USD 7.45 million previously. However, cash and cash equivalents at the end of the period still rose to USD 581.88 million from USD 401.82 million previously.Christian Ariano Rachmat said that ADMR's operating income grew due to a 38% increase in coal sales volume offset by a 21% decrease in average selling price (ASP).ADMR's high-quality metallurgical coal products are sold to various steel producers in Japan, China, India, Indonesia, and South Korea. "ADMR's production volume as of September 2023 was up by 55% to 3.98 million tons, as a result of good machine availability and contractor performance. ADMR recorded overburden stripping volume of 13.81 million bcm, up 128% from 9M22, resulting in a 9M23 stripping ratio of 3.47 times," he explained. Coal sales volume reached 3.01 million tons as of Q3/2023, up 38% from 9 months 2022, putting the company in a position to achieve its 2023 target of 3.8 million-4.3 million tons.Image source: ADMRSource: www.market.bisnis.com/Update Adaro Minerals ADMR Soal Smelter Aluminium Di Kaltara

PT Merdeka Copper Gold Tbk (MDKA) recorded growth in gold production in the first nine months of 2023.MDKA's quarterly report shows that MDKA has realized gold production of 109,159 ounces during January-September 2023, up from 107,168 ounces in January-September 2022.MDKA GM Corporate Communication, Tom Malik, said that the realization of the production was in line with the target set by management."Production for each quarter in 2023 is in line with the target," he told Kontan.co.id, Sunday (29/10).From the production, MDKA recorded gold sales volume of 98,694 ounces of gold during January-September 2023 with average sales prices (ASP) of USD 1,942 per ounce.In addition, MDKA also recorded silver production of 443,936 ounces with ASP USD 23 per ounce, copper 11,011 tons with ASP USD 8,660 per ton, NPI 42,054 tons with ASP USD 14,267 per ton, and Nickel Matte 16,430 tons with ASP USD 16,503 per ton.Until the end of 2023, MDKA is targeting gold production of 120,000-140,000 ounces, copper of 14,000-16,000 tons, and NPI of 57,000 tons-65,000 tons. Management is optimistic that the gold production target can be met to close to 140,000 ounces."So far, we are optimistic that (the gold production target) will be achieved close to the upper target," said Tom.It is not known yet what the realization of MDKA's consolidated financial performance will be in the first nine months of 2023. This is because MDKA has not published yet the September 2023 interim financial report.Throughout January-June 2023, MDKA booked operating revenues of USD 520.03 million, up 52.32% compared to the realization of revenues in the January-June 2022 period which amounted to USD 341.40 million.However, MDKA recorded a loss for the period attributable to owners of the parent entity, aka net loss of USD 49.21 million in January-June 2023. Previously, MDKA posted a net profit of USD 97.79 million in January-June 2022.Image source: KONTAN/Akmalal HamdhiSource: www.industri.kontan.co.id/Merdeka Copper Gold MDKA Catatkan Pertumbuhan Produksi Emas Pada Kuartal III 2023

PT Chandra Asri Petrochemical Tbk (Chandra Asri Group), through its subsidiary, PT Chandra Asri Alkali (CAA), has signed a Letter of Intent (LoI) with PT Indonesia Asahan Aluminium (Inalum) in order to support the development of aluminum downstreaming while realizing the acceleration of a sustainable domestic electric vehicle (EV) ecosystem.Inalum will also conduct an investment feasibility study of CAA to look at opportunities for share ownership in CAA. The intention of this cooperation is expected to contribute to supporting one of the priorities of the government of the Republic of Indonesia in providing added value to raw material commodities.President Director & CEO of Chandra Asri Group, Erwin Ciputra said, with this collaboration, Chandra Asri Group can contribute to encouraging the creation of a downstream ecosystem, especially in the aluminum mineral sector and support the acceleration of the domestic electric vehicle industry.In the next stage, the alumina will be used by Inalum as raw material through its smelter facility into aluminum.Furthermore, Inalum has a strategic role considering that aluminum is one of the main raw materials needed in the development of national industries, including in the development of electric vehicles and electric batteries in the Republic of Indonesia.Inalum Has 5 New Furnaces, Chasing Ambition to Double Production PT Indonesia Asahan Aluminum (Inalum) has completed 5 new smelting furnaces with greater capacity.Inalum President Director Danny Praditya said EGA as a global aluminum company located in the United Arab Emirates has expertise in modern technology in the aluminum smelting sector.Image source: Liputan6.comSource: www.headtopics.com/Hilirisasi Aluminium Jadi Cara Percepatan Ekosistem

PT United Tractors Tbk (UNTR) through its subsidiary, PT Danusa Tambang Nusantara (DTN), has acquired another nickel company. This time, UNTR acquired PT Anugerah Surya Pacific Resources.On October 16, 2023, Danusa Tambang Nusantara signed a conditional shares sale and purchase agreement (CSPA) with three companies, including PT Kalira Pascama (KP), PT Bintang Prima Investama (BPI) and PT Anugerah Dayakaya Angkasa (ADA).UNTR Corporate Secretary Sara K. Loebis stated that the purpose of this corporate action is to add to the company's business portfolio. Which, this is part of the diversification strategy and business sustainability of the United Tractors group."The impact is that there is a balance between business activities related to coal and non-coal ones," Sara told Kontan.co.id, Thursday (26/10).  She revealed, after the signing of the CSPA, currently the parties involved are still in the process of fulfilling the conditions precedents that must be completed. "We are unable to provide further information regarding when this process will be completed," she said.But unfortunately, UNTR also cannot open up regarding future plans after the acquisition. Sara only said that this would be conveyed later after this transaction was completed.For information, PT Anugerah Surya Pacific Resources is a limited liability company domiciled in Jakarta which is engaged in holding company activities for nickel mining companies and other nickel-related business activities.The total value of the transaction amounted to USD 104.91 million or equivalent to IDR 1.64 trillion.Previously, UNTR had also tried the nickel business. Still through Danusa Tambang, UNTR completed a transaction with Nickel Industries Limited (NIC) for the acquisition of 857 million new ordinary shares issued by NIC on September 21, 2023. The total transaction value reached USD 942.7 million.Image source: UNTRSource: www.industri.kontan.co.id/United Tractors UNTR Kembali Akuisisi Perusahaan Nikel