Aneka Tambang (ANTM) Reports Exploration Outcomes After IDR 176.95 Billion Investment in Gold and Ba...

Aneka Tambang (ANTM) Reports Exploration Outcomes After IDR 176.95 Billion Investment in Gold and Ba...

11 Oct 2025, 05:53 AM
Cokal Completes Trial Coal Shipments to Indonesia
Cokal Completes Trial Coal Shipments to Indonesia
07 Oct 2025, 06:21 AM
It’s Official, RKAB Validity Set to One Year
It’s Official, RKAB Validity Set to One Year
07 Oct 2025, 02:07 AM
Merdeka Gold’s Gold Ore Reserves at Pani Mine Increase by 4.8 Million Ounces
Merdeka Gold’s Gold Ore Reserves at Pani Mine Increase by 4....
07 Oct 2025, 06:35 AM
Signed by Prabowo: Key Points of the Latest Mining Government Regulation
Signed by Prabowo: Key Points of the Latest Mining Governmen...
09 Oct 2025, 02:12 AM
Smelter in Lingga Expected to Employ 10,000 Workers
Smelter in Lingga Expected to Employ 10,000 Workers
11 Sep 2025, 04:30 AM 337

The alumina smelter investment plan by PT Tiansan Indonesia in Dabo Singkep is currently awaiting a decision from the central government. The Regent of Lingga, M. Nizar, reminded that only four months are left to ensure the collaboration proceeds.He explained that the local government has already helped provide 400 hectares of replacement land. Three coordinate points have been submitted to be finalized by the Ministry of Defense."It's just waiting for a resolution from the central government. PT Tiansan's permit is only valid until December," said Nizar on Wednesday (September 10, 2025).According to Nizar, this project has been in process for over three years. If it materializes, the IDR 83 trillion investment will create 10,000 jobs."This isn't just for Lingga; it also supports the President's downstreaming program," he said.The local government has been in intensive communication through House of Representatives Commission I. Even the Director General of the Ministry of Defense is said to have received coordination regarding the smelter's location points."The entry point is with the central government. We hope this is finalized soon," he added.In preparation, PT Tiansan is committed to training the youth of Lingga. A total of 20 people will be sent to China for a two-year training program.The program will continue with an additional 52 people in the second phase and 100 in the third. They are being prepared to fill strategic positions at the plant, for which groundbreaking is targeted soon.“Our young people are being prepared from the outset. This shows the seriousness of the investment,” Nizar said.If all phases proceed smoothly, Lingga could become a new hub for mineral-based industry in Indonesia. The local government is optimistic that the project will significantly reduce poverty in the region.

ITMG Considers Gold Business Opportunities Following Nickel Mine Acquisition
ITMG Considers Gold Business Opportunities Following Nickel Mine Acquisition
10 Sep 2025, 12:11 PM 887

PT Indo Tambangraya Megah Tbk (ITMG) is open to the possibility of business diversification into strategic minerals, particularly domestic gold mining.ITMG President Director Mulianto said that the company is open to managing critical minerals, including bauxite, gold, and copper. However, the realization is currently still in the observation stage."It is still under observation to ensure that we can get assets that are truly in line with our strategy. For ITMG itself, we will focus only on domestic [assets]," said Mulianto during a Public Expose Live, Wednesday (September 10, 2025).Previously, in the first half of 2025, ITMG had diversified into a strategic mineral, namely nickel. This was done through the purchase of a 9.6% stake in PT Adhi Kartiko Pratama Tbk (NICE), an issuer engaged in the nickel mining sector.As part of its diversification strategy, ITMG chose nickel due to its promising long-term growth prospects, as well as nickel's role as a strategic mineral supporting clean energy infrastructure and a key component of stainless steel.Looking ahead, ITMG Director Yulius Kurniawan Gozali said that the company has targeted sales in the range of 26.3 to 27.4 million tons in 2025. In the first semester, the achievement was 11.7 million tons."So the remaining approximately 15 million tons are projected to be sold in the second half of this year," Yulius explained.In terms of performance, the company's revenue throughout the first half of 2025 was recorded at USD 919 million, a correction of 12% due to a 19% decrease in the average selling price of coal (ASP). As a result, ITMG booked a net profit of USD 94 million for the six-month period ending June 30, 2025

Indonesia’s Merdeka Copper Gold Says Its Subsidiary Will Launch USD 300 Million IPO
Indonesia’s Merdeka Copper Gold Says Its Subsidiary Will Launch USD 300 Million IPO
08 Sep 2025, 12:25 PM 810

PT Merdeka Copper Gold Tbk said on Monday its gold mining unit has gained approval from the regulator to launch book building for an initial public offering to raise as much as IDR 4.9 trillion (USD 300.6 million).PT Merdeka Gold Resources plans to offer as much as 1.6 billion shares in the IPO scheduled for September 17-19, it said in a statement.The company will use the proceeds as capital for its gold mining and processing business and for debt payment, the statement said.Its flagship mine in Pani Mountain in Sulawesi is estimated to have 7 million ounces of gold resources.Merdeka Gold Resources is currently constructing a processing facility for the project, scheduled to start operating in the first quarter next year.At its full operation, the Pani gold project is expected to reach peak production of 500,000 ounces of gold.Indo Premier Sekuritas, Trimegah Sekuritas Indonesia and Sinarmas Sekuritas have been hired as underwriters for the IPO. The shares are expected to be listed on Indonesia Stock Exchange on September 23.

PT Gag Nickel Resumes Operations After Receiving Green Proper
PT Gag Nickel Resumes Operations After Receiving Green Proper
08 Sep 2025, 04:29 AM 412

PT Gag Nikel has officially started its operations as of Wednesday, September 3, 2025. This was confirmed by Tri Winarno, the Director General of Minerals and Coal (Minerba) at the Ministry of Energy and Mineral Resources (ESDM)."As far as I know, it has. As of Wednesday, September 3," said Tri when met at the ESDM Ministry on Monday (September 8, 2025).Tri added that the performance evaluation of the nickel mining company has shown positive results. PT Gag Nikel successfully achieved a green rating in the Corporate Performance Rating Program in Environmental Management (Proper)."As per Proper, it got a green. A green rating means that, if Proper has black, red, blue, green, and gold, green means it has complied with all environmental governance regulations, plus it has community empowerment programs," Tri explained.The Proper assessment for PT Gag Nikel involved several ministries, including the Ministry of Environment and Forestry (KLHK), the ESDM Ministry, and the Ministry of Marine Affairs and Fisheries (KKP)Previously, the Ministry of Energy and Mineral Resources (ESDM) had temporarily halted the operations of PT Gag Nikel Indonesia, a subsidiary of PT Aneka Tambang Tbk that holds a Contract of Work (KK) on Gag Island, Raja Ampat, Papua.The suspension was triggered by alleged mining activities that had the potential to damage the ecosystem around the operational area. PT Gag Nikel itself began operating under a KK signed during the 1997–1998 period.In 2017, the company obtained an operational production permit and secured an environmental impact analysis (Amdal) document from the government.

MIND ID Targets 21.4% Emissions Reduction in Mining Sector as Part of Decarbonization Push
MIND ID Targets 21.4% Emissions Reduction in Mining Sector as Part of Decarbonization Push
03 Sep 2025, 02:37 AM 470

MIND ID, aims to reduce greenhouse gas emissions by 21.4% against the business-as-usual scenario, equivalent to 6.6 million tons of CO2e by 2030, through national decarbonization efforts.To achieve this target, four main scenarios have been formulated and consistently implemented across its holding members: conversion to low-carbon fuels, operational efficiency, increased use of renewable energy, and utilization of renewable energy certificates.Several tangible steps already realized in low-carbon fuel conversion include the use of B35 in PT Aneka Tambang Tbk's mining equipment, which successfully reduced emissions by approximately 13,000 tons of CO2e in 2024.Furthermore, operational efficiency is being implemented by PT Bukit Asam Tbk through the use of an electric-powered bucket wheel excavator at its coal handling facility in Tanjung Enim, reducing emissions by approximately 5,200 tons of CO2e. More than 99 percent of the energy currently used by PT Indonesia Asahan Aluminium (Inalum) is sourced from the Asahan Hydropower Plant's renewable energy.PT Timah Industri has also operated a 300-kilowatt peak rooftop solar power plant, reducing emissions by approximately 300 tons of CO2e per year. MIND ID President Director, Maroef Sjamsoeddin, stated that the company, along with all members of the MIND ID Group, will consistently enhance mineral resource management and downstream processing while prioritizing sustainability."For MIND ID, sustainability is not just an addition, but a tangible manifestation of the spirit of Mining for Indonesia and the World. This commitment is realized through concrete efforts to reduce emissions while maintaining environmental balance," he said at MINDialogue 2025 recently.Maroef stated that the MIND ID Group also continues to study the utilization of carbon offsets, carbon trading, and the use of Renewable Energy Certificates as part of long-term initiatives in its decarbonization strategy.“We believe there is still significant room for MIND ID to make greater contributions. Through decarbonization, we aim to provide tangible support in achieving national climate targets and meet global expectations for Indonesia’s green minerals,” he concluded.

MBMA Provides IDR 1.77 Trillion in Capital for Nickel Smelter Project
MBMA Provides IDR 1.77 Trillion in Capital for Nickel Smelter Project
03 Sep 2025, 02:37 AM 488

PT Merdeka Battery Materials Tbk (MBMA) has officially disbursed funding to its affiliated entity, PT Merdeka Tsingshan Indonesia (MTI), through a Mudharabah contract mechanism.Through an information disclosure to the IDX, this transaction effectively took place on August 28, 2025. In the agreement, MBMA disbursed Mudharabah financing funds totaling IDR 1.77 trillion from the proceeds of the Mudharabah Sukuk issuance after deducting applicable emission costs."The Mudharabah Financing Funds will be used by MTI for the purpose of replacing funds obtained from loan facilities by paying a portion of the loan principal whose funds have been used to finance capital expenditures, construction costs, and project operational costs," as quoted in the IDX information disclosure, Tuesday (September 2, 2025).MBMA's management affirmed that this transaction is an affiliated transaction because MTI is a controlled company of the issuer.Regarding the ownership structure, MTI is a controlled company of MBMA through PT Batutua Prima International (BPI). BPI itself holds an 80% stake in MTI, thereby strengthening MBMA's position in the development of the nickel supply chain and the electric vehicle battery ecosystem.In line with this news, MBMA's share price rose by 2.9% to IDR 426 per share. Its market capitalization reached IDR 47.04 trillion.

MDKA’s Gold Subsidiary PT Pani Bersama (PAMA) Set for September IPO
MDKA’s Gold Subsidiary PT Pani Bersama (PAMA) Set for September IPO
03 Sep 2025, 02:25 AM 1420

PT Pani Bersama Jaya, a subsidiary of PT Merdeka Copper Gold Tbk (MDKA) which owns a giant gold mine, listing on the Indonesia Stock Exchange (IDX) through an Initial Public Offering (IPO) is gaining momentum. The corporate action is reportedly set to roll out starting in September 2025.According to a report by Katadata.co.id, this entity is set to go public on the Indonesia Stock Exchange (IDX), offering 120 million lots of shares. However, it remains unclear what stock ticker will be used by this subsidiary of PT Merdeka Copper Gold Tbk (MDKA).Based on data obtained by Katadata.co.id, Pani Bersama Jaya is currently in the Pre-Effective stage for its initial public offering (IPO). The company is said to be opening the book-building period in the first and second weeks of September.Currently, the company is reportedly awaiting approval from the Financial Services Authority (OJK) to proceed with the IPO. The shares will be offered at a maximum price range of IDR 1,500 per share during the IPO.If calculated, Pani, which manages the giant gold mine project in Gorontalo, could potentially raise a maximum of IDR 18 trillion in fresh funds. However, other reports suggest that PAMA will release 120 million shares at a maximum price of IDR 1,200, bringing the total funds collected to IDR 1.45 trillion.Katadata.co.id has sought confirmation from MDKA management regarding the news of Pani's IPO. However, as of the time of publication, the confirmation submitted to MDKA's GM Corporate Communication, Tom Malik, has not been responded to.According to the Q2 2025 activity report, management stated that the development of the Pani Gold Project is on schedule, with a completion rate reaching 67% by the end of the quarter. Detailed engineering plans and procurement processes have been completed. Meanwhile, contractors are currently installing processing infrastructure and electrical systems.Currently, the port facility is operational, and the construction of fuel storage facilities has also been completed. Operational trials are targeted for late 2025, with the first gold production expected to commence in Q1 2026.Meanwhile, copper production from the Wetar Mine this quarter reached 1,854 tons with a total cash cost of USD 3.35 per pound,an AISC of USD 4.75 per pound, and an ASP of USD 4.23 per pound.Profile of Pani Gold ProjectThe Pani Gold Project in Gunung Pani, Pohuwato Regency, Gorontalo, is being developed by PT Merdeka Copper Gold Tbk to become one of the largest primary gold mines in Indonesia and the Asia Pacific. This project boasts reserves of over 7 million ounces of gold with an estimated mine life spanning several decades.Based on the official website of Merdeka Group, leveraging its experience in managing the Tujuh Bukit Gold Mine in Banyuwangi, the Merdeka Group aims to optimize the potential of an area known as a gold-producing region since the 19th century. This project is managed through several subsidiaries that handle mining operations, processing, and the construction of supporting infrastructure.In the initial phase, the company will utilize the heap leach method with a processing capacity of up to 7 million tons of ore per year and a production target of approximately 140 thousand ounces of gold per year. Subsequently, the Merdeka Group will build a carbon-in-leach (CIL) facility with an initial capacity of 7.5 million tons per year, targeted to increase to 12 million tons per year by 2030.When both facilities are fully operational, the total combined capacity is projected to reach 19 million tons per year, with a potential peak production of up to 500 thousand ounces of gold per year. Project preparations are reported to be on schedule. The company has completed detailed engineering design, procurement of main equipment, and heap leach method trials.In addition, the construction of supporting infrastructure, such as fuel storage facilities, a port, and an electrical substation, is underway. PLN is scheduled to supply main power in 2025, while the on-site metallurgical laboratory will commence operations in early 2025.The first gold processing is targeted for late 2025, with commercial production likely to begin in early 2026.

Cita Mineral Investindo (CITA) Increases Capital in Kalimantan Aluminium Industry
Cita Mineral Investindo (CITA) Increases Capital in Kalimantan Aluminium Industry
02 Sep 2025, 05:22 PM 907

PT Cita Mineral Investindo Tbk (CITA) has increased its paid-up capital and issued capital in PT Kalimantan Aluminium Industry (KAI).In an information disclosure to the Indonesia Stock Exchange (IDX) on August 29, 2025, KAI issued 1,896,312 new shares with a nominal value of IDR 1,896,312,000,000.CITA subscribed to 237,039 of these new shares for a total nominal value of IDR 237,039,000,000, equivalent to USD 14,557,461. Other shareholders also participated proportionally based on their respective ownership stakes in the new share issuance.As a result, KAI's shareholder composition now consists of PT Alamtri Indo Aluminium with 4,817,435 shares (65%) or a value of IDR 4,817,435,000,000; Aumay Mining Pte. Ltd with 1,667,574 shares (22.5%) or a value of IDR 1,667,574,000,000; and CITA with 926,430 shares (12.5%) or a value of IDR 926,430,000,000.The transaction carried out by CITA is part of a series of transactions for the company's capital injection into KAI throughout 2025."CITA has injected a total capital of IDR 419,250,000,000 in the current year. This amount represents 5.5% of the company's equity as of December 31, 2024, which was IDR 7,621,208,264,673," stated Cita Mineral Investindo Director, Yusak Lumba Pardede, in an information disclosure on Monday (September 1, 2025).CITA's management added that the purpose of this transaction is one of the company's steps to support KAI's aluminum smelter project located in the Kalimantan Industrial Park Indonesia, Bulungan Regency, North Kalimantan.Through this smelter, CITA contributes to the downstreaming program by creating added value for alumina products and closing the gap between aluminum supply and demand."There are no unfavorable impacts on the company's operational activities, legal standing, financial condition, or business continuity as a result of this transaction," Yusak concluded.

KLH Has Issued Environmental Approvals for Over 400 Mining Permits
KLH Has Issued Environmental Approvals for Over 400 Mining Permits
02 Sep 2025, 02:35 AM 459

The Ministry of Environment and Forestry (KLH) has issued more than 400 environmental approvals for mining activities across Indonesia."Based on our data, we have issued environmental approvals for over 400 mining permits today. With such cooperation, there is still much we need to do. Certainly, support from the private sector like MIND ID is very important," explained Minister of Environment Hanif Faisol at the MINDialogue event in Jakarta, quoted on Tuesday (September 2, 2025).Although MIND ID is currently responsible for managing only about 30% of the country’s mining operations, Minister Hanif expressed strong appreciation for the state-owned mining holding company’s efforts in conducting its operations in compliance with national regulations.Environment Minister Hanif Faisol also emphasized the importance of environmentally conscious economic development, as mandated by Article 33, Paragraph 4 of the 1945 Constitution. “Indonesia’s economy must be run in a sustainable and environmentally responsible manner. This is a constitutional mandate,” he asserted.According to Hanif, the number of business entities registered in the KLH’s Environmental Impact Assessment (AMDAL) system has exceeded 5 million units. As a result, monitoring environmental permit compliance remains a major challenge, largely due to limitations in human resources and technological capacity."Imagine, with a total of only 1,100 environmental inspectors, we must be able to ensure environmental feasibility for almost 5 million business units based on our AMDAL system," he said.Out of approximately 5 million business units, over two million fall into the medium to high-risk categories, requiring UKL-UPL and AMDAL documents. According to his analysis, one environmental inspector must guide and oversee over a thousand business units. "It is not possible to implement perfectly," he concluded.

MINE Secures Two Mining Support Service Contracts, Reports Revenue Growth
MINE Secures Two Mining Support Service Contracts, Reports Revenue Growth
01 Sep 2025, 05:47 PM 255

PT Sinar Terang Mandiri Tbk (MINE/STM) recorded a 12.46% increase in business revenue to IDR 1.15 trillion in the first half of 2025, up from IDR 1.02 trillion in the same period last year. This achievement is in line with STM's increased operational activities across several projects, as well as contributions from new contracts secured at the beginning of this year.President Director of PT Sinar Terang Mandiri Tbk, Ivo Wangarry, stated that this performance realization serves as an important foundation for STM in maintaining business sustainability and ensuring a positive contribution to shareholders and all stakeholders."We are maintaining growth momentum and strengthening STM's position as a strategic partner in the mining support services sector, while also reaffirming the continuous trust placed in STM. Our expansion strategy and enhanced operational capabilities are expected to continue supporting business growth," said Ivo in his official statement on Monday (September 1).The revenue growth in H1 2025 was further supported by securing two new contracts: one with PT Sulawesi Cahaya Mineral (SCM), covering the management of mining support services and material transportation (hauling services); and the second contract is the Sampala Project with PT Erabaru Timur Lestari for the construction of an 8 KM hauling road. These two contracts further expand STM's business portfolio and solidify its position as a trusted partner in the mining support services industry.This business expansion also explains STM's increased investment in H1 2025, in the form of additional heavy equipment, supporting infrastructure, and new workforce. In line with these steps, STM's asset value rose by 24.5% to IDR 2 trillion as of June 30, 2025, from IDR 1.61 trillion last year.The increase in operational scale also affected the cost structure. Labor costs increased by 33.09% to IDR 161.64 billion from IDR 121.45 billion last year. Cost of goods sold reached IDR 929.59 billion from the previous IDR 768.81 billion. This resulted in STM recording a net profit for the current period of IDR 116.99 billion in H1 2025, compared to IDR 145.54 billion in H1 2024.STM's business expansion is also reflected in the increased depreciation expense for fixed assets, which rose to IDR 155.46 billion from IDR 89 billion in the same period last year. This increase occurred in line with the natural depreciation of heavy equipment that has been in use for a certain period. This condition reflects the high utilization rate of STM's operational assets in supporting various projects, while also affirming STM's experience and capabilities in consistently providing mining support services."We view the increase in costs from expansion not as a burden, but as a strategic investment, both in strengthening human resources and adding heavy equipment. With greater capacity, STM is increasingly ready to manage new projects while increasing future productivity," said Ivo.Ivo added that the new projects successfully secured, such as the contract with PT Sulawesi Cahaya Mineral and the Sampala Project, further reinforce the trust of strategic partners in STM's capabilities to deliver high-quality services."These new contracts are clear proof of market recognition for STM's capabilities. We are optimistic that the presence of these large-scale projects will strengthen our portfolio and open up greater growth opportunities for STM in the future," said Ivo.With the achievement of H1 2025 performance, increased investment in human resources, asset growth, and additional new contracts, the Company is optimistic it can maintain business continuity and provide long-term added value. STM will continue its expansion strategy and capability strengthening to support sustainable growth in the mining support services industry.

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