Indonesia Miner Conference & Exhibition 2026

IATA and UNTR Subsidiaries Undertake First Coal Mining Development in Musi Banyuasin

08 Jan 2026, 03:11 AM 645

PT MNC Energy Investments Tbk (IATA) today officially held its 1st Digging Ceremony, marking the start of the mining operational phase.This follows the signing of a Mining Contractor Agreement in late December 2025 between IATA’s subsidiary, PT Arthaco Prima Energy (APE), and mining contractor PT Kalimantan Prima Persada (KPP Mining), a business unit of PT United Tractors Tbk (UNTR) under the Astra Group.IATA President Director Suryo Eko Hadianto said the strategic collaboration with KPP Mining strengthens IATA’s technical fundamentals and operational excellence, while laying a solid foundation for significant production growth in the future.“The momentum of today’s 1st Digging Ceremony underscores IATA’s and KPP Mining’s commitment to delivering ambitious production targets while creating sustainable value for all stakeholders,” he said in an official statement on Thursday (January 8, 2026).With a contract value of IDR 5 trillion and a five-year cooperation period effective from January 2026, this coal mining services agreement serves as a strategic pillar to strengthen IATA’s production capacity and operations in APE’s Production Operation Mining Permit (IUP-OP) area in Musi Banyuasin Regency, South Sumatra.The 1st Digging Ceremony marks a key milestone in accelerating IATA’s coal output, supporting an initial target of around 3 million metric tons (MT) in 2026 and medium-term potential to increase to up to 7 million MT per year as operations scale up.

Global Coal Demand in 2026 Predicted to Remain Stable

04 Jan 2026, 08:07 AM 1553

The Indonesian Coal Mining Association (APBI) projects that coal demand from China and India in 2026 will grow moderately, in the range of 0.2% to 1%. Although growth is still expected, this year’s coal market outlook is seen as more challenging in line with regulatory adjustments that took effect at the start of 2026.APBI Executive Director Gita Mahyarani said the adjustment to thermal coal demand prospects from China and India is expected to be limited and will not significantly affect global market dynamics. This aligns with the transformation of their energy mixes and domestic supply conditions in each country.“For China, thermal coal import demand in 2026 is projected to undergo a moderate adjustment of around 0.2% to 0.3% compared to 2025,” Gita said, as quoted by Bloomberg Technoz.In this context, Indonesia continues to maintain a strategic position as a key supplier. As of November 2025, Indonesia accounted for about 55% of China’s total coal imports, underscoring Indonesia’s important role in the global market.Meanwhile, India’s global thermal coal import demand in 2026 is expected to still grow by about 1%. This growth is driven by rising electricity needs, although the realization will continue to be influenced by the management of domestic coal stocks.Gita explained that as of November 2025, Indonesia contributed around 51% of India’s total coal imports.“This condition underscores Indonesia’s dominant role as a primary supply partner,” she added.For Southeast Asia, coal import opportunities remain open but are relatively limited and highly dependent on each country’s needs. Gita pointed out that demand from Malaysia continues to record an increase, while purchases by Vietnam tend to be stagnant. As for Japan, South Korea, and Taiwan, the markets are considered relatively stable with demand leaning toward specific specifications.Heading into 2026, Gita views the coal market outlook as increasingly challenging. Industry players face a combination of regulatory adjustments—including export plans and foreign exchange retention policies for export proceeds (DHE)—amid rising production costs and uncertainty over the production volumes approved by the government.“Businesses will be more cautious, focusing on efficiency, securing medium-term contracts, and diversifying markets realistically in line with actual demand,” she said.On prices, coal ended the final trading day of 2025 on a positive note. On Wednesday (31 December 2025), ICE Newcastle coal for the nearest delivery contract closed at USD 107.5 per ton, up 0.8% from the previous day. Nevertheless, coal prices fell 14.17% over the course of 2025.Amid rising global awareness of environmental sustainability, coal’s role is expected to remain under pressure in the long term. The International Energy Agency (IEA) notes that global coal demand in 2025 will still grow 0.5% to 8.85 billion tons—an all-time high—but is projected to level off and peak around 2030 as renewable energy expands.

Indonesia’s Reference Coal Price (HBA) Rises in Early January 2026

02 Jan 2026, 04:21 PM 2144

Indonesia’s Minister of Energy and Mineral Resources (ESDM) Bahlil Lahadalia has set the coal benchmark price (HBA) for the first period of January 2026.All coal categories under the benchmark price rose in unison compared with the level in the second half of December 2025.The HBA determination is stipulated in Ministerial Decree of the ESDM No. 458.K/MB.01/MEM.B/2025 on Reference Prices for Metallic Minerals and Coal for the First Period of January 2026.In detail, the HBA with a calorific value of 6,322 kcal per kilogram is set at USD 103.30 per ton. This high-calorific HBA increased by 2.4% compared with the second period of December 2025 at USD 100.81 per ton.In addition, the HBA with a calorific value of 5,300 kcal per kilogram has also risen 3.2% to USD 72.23 per ton compared with the second period of December 2025 at USD 69.93 per ton.Furthermore, the HBA with a calorific value of 4,100 kcal per kilogram is set at USD 47.05 per ton, up 3.5% from the late-December 2025 benchmark price of USD 45.44 per ton.The HBA for coal with a calorific value of 3,400 kcal per kilogram is set at USD 35.13 per ton, a slight increase of 0.3% compared with the second period of December 2025 at USD 35.02 per ton.The HBA calculation formula is regulated under ESDM Decree No. 72 of 2025 on Guidelines for Setting Reference Prices for Sales of Metallic Minerals and Coal.Under this regulation, the HBA formula is based on the actual coal selling prices reported by coal mining companies in the Minerba e-PNBP system for shipments from the second week two months prior up to the week one month prior.Based on the HBA, the Coal Reference Price (HPB) is then calculated, which is affected by coal quality, namely calorific value, moisture content, sulphur content, and ash content.The HBA values for the First Period of January 2026, valid from January 1 to January 15, 2026, are as follows:1. HBA (6,322 GAR): USD 103.30 per ton.Up 2.4% compared with HBA Period II December 2025 of USD 100.81 per ton.2. HBA I (5,300 GAR): USD 72.23 per ton.Up 3.2% compared with HBA Period II December 2025 of USD 69.93 per ton.3. HBA II (4,100 GAR): USD 47.05 per ton.Up 3.5% compared with HBA Period II December 2025 of USD 45.44 per ton.4. HBA III (3,400 GAR): USD 35.13 per ton.Up slightly by 0.3% compared with HBA Period II December 2025 of USD 35.02 per ton.

Sphere, a SpaceX Supplier, Acquires a 10% Stake in Nickel Industries’ Indonesian Nickel Project

02 Jan 2026, 04:11 PM 1408

Australian mining company Nickel Industries has announced that South Korean materials firm Sphere Corp will acquire a 10% stake in the Excelsior Nickel Cobalt (ENC) high-pressure acid leach (HPAL) project in Indonesia.The transaction values the ENC HPAL project at USD 2.4 billion.In its official statement on Friday, January 2, 2026, Nickel Industries said Sphere will purchase the stake from Hong Kong–based Decent Resource.Nickel Industries will retain a 44% ownership interest in the project.Sphere Corp—known as a supplier of specialty alloys to Elon Musk’s SpaceX—will take offtake of nickel production in proportion to its shareholding.In addition, Sphere has signed an extra offtake agreement for nickel volumes beyond its 10% stake, to be priced at market rates.Located in Central Sulawesi, the ENC HPAL project is touted as the world’s first HPAL operation capable of producing three class-1 nickel products: mixed hydroxide precipitate (MHP), nickel sulfate, and nickel cathode.Following the announcement, Nickel Industries’ shares jumped as much as 9%, making it one of the top performers on the S&P/ASX 200 benchmark index.The deal comes amid a rebound in global nickel prices, as Indonesia—the world’s largest nickel producer—plans to trim mining production quotas to support the commodity’s price.Nickel Industries expects the financing process for the transaction to be completed in early Q1 2026.

Trade Ministry Sets Copper Concentrate Reference Price at USD 5,868 per WMT

31 Dec 2025, 02:32 AM 673

The Ministry of Trade (Kemendag) has set the Export Benchmark Price (HPE) for copper concentrate with Cu content ≥ 15 percent at USD 5,868.51 per Wet Metric Ton (WMT) for the first period of January 2026.Acting Director General of Foreign Trade, Tommy Andana, explained that this figure represents a 4.54 percent increase compared to the second period of December 2025, which was recorded at USD 5,613.83 per WMT.“In addition to copper, there was also an increase in the gold commodity,” he said in a written statement on Wednesday (31/12/2025).Kemendag noted that the HPE for gold rose to USD 138,324.41 per kilogram, from the previous USD 133,912.59 per kilogram. Meanwhile, the Reference Price (HR) for gold increased to USD 4,302.37 per troy ounce, compared to the previous period’s USD 4,165.15 per troy ounce.These provisions are stipulated in Minister of Trade Decree No. 2404 of 2025 on Export Benchmark Prices for Mining Products Subject to Export Duty. The regulation is effective for the period 1–14 January 2026.The HPE determination serves as an important reference for calculating export duties on mining products, while also reflecting developments in international mineral prices.Global Demand RisesTommy Andana went on to say that the increase in the HPE for copper concentrate was driven by growing global demand for strategic minerals.“The price increase of the minerals that make up copper concentrate was driven by rising global demand, particularly to meet the needs of power industry development, the electric-vehicle ecosystem, and strategic infrastructure projects in various countries,” Tommy explained.According to him, this situation has been further reinforced by the weakening of the U.S. dollar, which has prompted investors to shift interest toward commodities as a hedging instrument.“This condition is reinforced by the weakening U.S. dollar, which has triggered a shift in investor preference toward commodities as a hedge amid global economic uncertainty,” he added.These global dynamics have led to a sustained strengthening trend in mineral commodity prices.All Mineral Prices RiseTommy also said that the strengthening of the copper concentrate export reference price was driven by simultaneous increases in the prices of all its component minerals.“During the data-collection period, copper (Cu) prices rose 5.75 percent, gold (Au) rose 3.29 percent, and silver recorded the highest jump of 16.46 percent. The combined increase of these three metals has had a direct impact on the export market selling value of copper concentrate,” he said.He emphasized that the setting of HPE and HR is based on technical input from the Ministry of Energy and Mineral Resources (ESDM), referring to international market prices. Copper prices reference the London Metal Exchange (LME), while gold and silver reference the London Bullion Market Association (LBMA).The pricing process involves cross-ministerial and inter-agency coordination, including the Coordinating Ministry for Economic Affairs, the Ministry of Trade, the Ministry of Energy and Mineral Resources, the Ministry of Finance, and the Ministry of Industry.“This collaborative effort ensures that price setting is conducted credibly and transparently to guarantee business certainty for industry players,” Tommy concluded.

AMMAN Records Zero Fatalities Throughout 2025

30 Dec 2025, 04:48 PM 436

PT Amman Mineral Nusa Tenggara (AMMAN) closed 2025 with a Zero Fatality achievement.Zero Fatality means AMMAN went through 2025 without any work accidents at its sites that resulted in death.“In a mining industry where safety and health risks are ever-present, AMMAN manages hazards systematically through an OHS management system embedded in daily operations—covering procedural compliance, regular audits, and real-time monitoring so potential hazards are addressed before they become incidents,” AMMAN wrote in an official statement on Tuesday (30/12/2025).These practices are aligned with Good Mining Practice and Indonesia’s SMKP, referring to Law No. 4 of 2009 and Minister of Energy and Mineral Resources Regulation No. 26 of 2018.To achieve zero fatality throughout 2025, one of Indonesia’s largest copper and gold mining companies enforces eight non-negotiable guiding rules.These eight principles are a crucial moral compass for every AMMAN employee in the mining area.Broadly, the eight safety principles govern fundamental behaviors—from competency and permit requirements before operating equipment, the prohibition of unauthorized modifications to safety devices, to strict discipline in energy isolation procedures.The rules also emphasize technical aspects such as working safely at heights, in confined spaces, and proper lifting procedures.Everyday matters often taken lightly—like wearing a seatbelt and the ban on using mobile phones while operating vehicles—are also part of these safety principles.This year’s Zero Fatality milestone is also attributed to various campaigns the company ran throughout the year.These included “Safety Stand Down” (a brief operational pause for safety reflection), the conferral of “Safety Awards,” and joint inspections with leadership.“AMMAN wants to ensure that safety messages are not just displayed on posters, but pulse with every heartbeat of its workers. This approach reflects the company’s stance as a safe workplace, where cutting-edge technology synergizes with human conscience to create sustainability,” AMMAN stated.Not only employees, AMMAN’s business partners are also actively involved and measured against the same key indicators as the company.Practices such as safety interactions, safety inspections, and safety meetings are likewise carried out by AMMAN’s partners.Regular evaluations are implemented to ensure consistent OHS management, including for partners’ Operations Accountable Persons.“The Zero Fatality achievement in 2025 affirms that large-scale operations can run in harmony with safety as the top priority—for the sake of workers, families, and the Batu Hijau community,” AMMAN wrote.

PP Presisi Secures Three New Contracts Worth IDR 1.2 Trillion

29 Dec 2025, 04:46 PM 425

PT PP Presisi Tbk (PPRE) secured three new contracts worth a total of around IDR 1.2 trillion at the end of 2025. The company said the contracts come from mining services and construction projects spread across Halmahera, Aceh, and East Kalimantan, strengthening its sector portfolio ahead of the fiscal year-end.PPRE explained that the first contract is a mining services project in Halmahera valued at IDR 602 billion. This work is an add-on to an ongoing project. The second contract is for the construction of the Jantho–Keumala National Road Section 3 in Aceh worth around IDR 252 billion. Meanwhile, the third contract—executed through a subsidiary—is for building a coal processing plant and an overland conveyor system in East Kalimantan, valued at approximately IDR 335 billion.President Director of PT PP Presisi Tbk, Rizki Dianugrah, said the additional contracts reflect the confidence of both existing project owners and new clients in the company’s capabilities.“The award of three new contracts toward year-end is proof of trust from existing project owners and new owners in PPRE. This achievement aligns with our vision to become a leading mining services and construction company in Indonesia. With strong resources, a robust heavy-equipment fleet, and high standards of OHS and environmental governance, we are confident we can complete projects on time with excellent quality,” Rizki said in an official statement in Jakarta, Monday (29/12/2025).Management believes that mining services and construction projects remain the main pillars supporting the company’s marketing performance. The additional contracts also strengthen PPRE’s position as an operational service partner for mining industry players and national infrastructure development.The company noted that the continuity of the mining services contract in Halmahera demonstrates a long-term relationship with the project owner. Meanwhile, the national road project in Aceh is in line with the government’s program to strengthen regional connectivity. The coal processing plant and overland conveyor project in East Kalimantan increases PPRE’s exposure to the coal mining sector through the development of production-supporting facilities.PPRE stated it will continue to prioritize occupational safety, environmental stewardship, and governance practices in line with ESG principles during project execution. With the additional IDR 1.2 trillion in contracts, PPRE closes 2025 with improved consolidated marketing performance. The company reaffirmed its commitment to delivering integrated solutions in the mining and construction sectors while maintaining project quality in accordance with targets agreed with project owners.

Mining Companies Poised to Accelerate Asset Acquisitions in 2026

29 Dec 2025, 02:31 AM 1234

Inorganic expansion via mining acquisitions looks set to be a popular route for mining issuers in 2026.Several issuers have already announced plans to acquire additional mining assets. PT Aneka Tambang Tbk (ANTM), for example, is exploring gold-mine acquisitions through two schemes: government assignment or purchasing minority stakes in joint ventures so they can be consolidated.Beyond Indonesia, ANTM has also set its sights on assets overseas, including in the Middle East and Kazakhstan.PT Darma Henwa Tbk (DEWA) is likewise exploring opportunities to acquire mines, though details have yet to be disclosed. Management says DEWA is conducting studies and assessing risk mitigation for the plan.Meanwhile, PT J Resources Asia Pasifik Tbk (PSAB) has decided to extend the deadline for its planned acquisition of PT J Resources Nusantara’s (JRN) shares in PT Arafura Surya Alam (ASA)—operator of the Doup Gold Mine—from PT Danusa Tambang Nusantara (DTN), a subsidiary of PT United Tractors Tbk (UNTR), moving it from December 23, 2025 to March 23, 2026.BRI Danareksa fundamental analyst Abida Massi Armand says acquisition activity is expected to intensify in 2026, especially for critical minerals and gold, in line with coal issuers diversifying to align portfolios with the global energy transition.Issuers are seen favoring acquisitions over greenfield exploration because they offer proven reserves, shorter time-to-market, and faster contribution to company cash flow.“The key advantages include eliminating geological exploration failure risk and easing asset integration into existing operational structures,” Abida said on Monday (Dec 29, 2025).Korea Investment & Sekuritas Indonesia (KISI) Head of Research Muhammad Wafi notes that by acquiring other mines, issuers can obtain new reserves instantly without navigating cumbersome permitting.Wafi also believes capex needs for issuers planning acquisitions will increase in 2026. However, this should not be an issue since companies ready to acquire typically have strong cash flows.Planned acquisitions will also spur some issuers to tap various funding sources, such as bank loans, bond issuance, and rights issues.“Liquidity isn’t the problem; the challenge lies in finding new assets available for purchase,” Wafi said, Monday (Dec 29, 2025).Abida adds that amid the acquisition trend, issuers must watch multidimensional risks, especially regulatory compliance—such as data accuracy in the three-year RKAB system and the complex legal aspects of transferring mining licenses (IUP). Implementing Environmental, Social, and Governance (ESG) standards is also crucial.“Additionally, commodity-price volatility due to potential global oversupply demands precise timing so that acquired assets still deliver optimal economic value for shareholders,” he stated.Abida’s recommendations for issuers planning acquisitions are generally positive, with a target price for ANTM at IDR 4,100 per share, supported by the strong outlook for the gold sector. Meanwhile, UNTR’s share price target is set at IDR 32,000.Separately, Wafi says investors can monitor UNTR, ANTM, PSAB, and DEWA, with respective target prices of IDR 32,000 per share, IDR 4,000 per share, IDR 720 per share, and IDr 700 per share.

PT Suprabakti Mandiri Delivers Record 51,539 Technoroll Products for TLS 6 & 7 Project

19 Dec 2025, 07:49 AM 992

PT Suprabakti Mandiri has set a new benchmark for Indonesia’s mining industry with the rapid delivery of 51,539 Technoroll idlers and 156 pulleys for PT Bukit Asam’s TLS 6 & 7 project. This achievement coincides with the inauguration of Graha Suprabakti the new factory office and celebrates the company’s 38th year of continuous growth, reflecting its commitment to innovation, efficiency, and expanded production capacity. Completed in just seven months from drawing approval, the delivery underscores Suprabakti’s ability to execute large-scale, high-specification projects under tight timelines.The project also included 100 belt cleaners from subsidiary Martin Supra Engineering and 16 belt scale units, providing an integrated conveyor system solution. From planning and material sourcing to production and delivery, every stage was carefully managed to meet the high standards required by PT Bukit Asam and its EPC partners, KSO PP, WIKA, and KMK.“Innovation has always been part of Suprabakti’s DNA,” said Jimmy Hadinata, Director of PT Suprabakti Mandiri. “From digital inspections to faster belt installations, we continuously develop solutions that improve efficiency and deliver results our customers can trust.”Suprabakti’s success is also fueled by technology, process improvements, and human resource development. The company’s Summa Learning Center, evolving into LSP Suprabakti, provides hands-on training for technicians, staff, and clients, ensuring consistent quality, safety, and technical excellence across all projects.Since its founding, PT Suprabakti Mandiri has expanded to 23 sites across Indonesia, including Sumatra, Java, Kalimantan, Sulawesi, and Papua. Its combination of technical expertise, operational efficiency, and commitment to innovation has made it a trusted partner for mining and industrial clients nationwide.“Our 38 years of success are the result of the dedication of our teams and the trust of our clients,” added Jimmy. “We remain committed to delivering solutions that support Indonesia’s mining sector and industrial growth while continuously innovating to improve efficiency and quality.”The TLS 6 & 7 project demonstrates Suprabakti’s ability to deliver high-specification products faster than industry standards, reinforcing its position as a leader in bulk material handling solutions in Indonesia.

BUMI Officially Acquires 64.98% Stake in Australian Gold Mining Company

19 Dec 2025, 01:47 AM 1302

PT Bumi Resources Tbk (BUMI) has officially acquired 5,734,770 shares of Jubilee Metals Limited (JML), equal to 64.98 percent. The transaction value reached IDR 346.93 billion, or the equivalent of AUD 31.47 million.The transaction was carried out on 18 December 2025.“The Company has subscribed to 3,312,632 new shares issued by JML, a company incorporated in Western Australia, with a transaction value of IDR 346,936,545,540 or the equivalent of AUD 31,470,004,” said BUMI Director R.A. Sri Dharmayanti in an IDX disclosure on Friday (19/12/2025).Sri explained that this transaction is a strategic step aligned with the Company’s transformation plan and is part of its business diversification program beyond the coal sector.“This transaction will have a positive impact on the Company’s business activities and deliver added value for the Company’s shareholders,” she said.For context, JML is known to own gold mines in North Queensland and Victoria. Operating since 2012, the company initially focused on the Croydon area in western Queensland.This area holds historical value in Australia’s mining world. Gold was first discovered there in 1885, and production once reached a record high of 1.9 million ounces.JML is determined to apply advanced technology to revive the historic mining areas that were once abandoned. Currently, mining is still at the exploration stage, with potential reserves of 2 million ounces.To acquire JML, BUMI allocated IDR 340.9 billion from bonds to pay for the Jubilee Metals acquisition. The bonds are only one source of funding for the acquisition. As of September 2025, BUMI had already acquired 41.36 percent of JML’s shares through a private placement, direct purchases, and a debt-to-equity swap.

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