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09 Jul 2022, 08:45 AM

PP Presisi Gets New Contracts of IDR 2.74 T in Semester I 2022

www.cnbcindonesia.com
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 PT PP Presisi Tbk (PPRE) succeeded in increasing the acquisition of new contracts by Rp. 661.9 billion in June 2022. With this addition, the total acquisition of new PPRE contracts has been recorded to reach Rp. 2.74 trillion until June 2022. President Director of PT PP Presisi Tbk, Rully Noviandar said that this amount was equivalent to 47% of the target for obtaining the Company's new contract in 2022 of Rp 5.9 trillion."This certainly proves that the Company is able to compete in the external market and opens up opportunities for us to acquire a wider market and improve the Company's positioning as a main contractor in the construction and mining services sector," said Rully, Saturday (9/7/2022). Based on the business line category, he said, the acquisition of new contracts was still dominated by civil work by 55.95% and mining services by 40.22%, where the two business lines are the Company's main business lines.While the rest was obtained from supporting business lines, namely structure work, production plant and heavy equipment rental of 3.83%. For the addition of new contracts by employer, the external market (Non PP Group) was dominated by 95.8% and the internal market (PP Group) at 4.2%."This achievement increases our optimism in achieving the target of obtaining new contracts, in addition to the Government's support in increasing the budget for land acquisition for toll road acquisition in order to accelerate the completion of toll roads, there is also a great opportunity for the Company as a heavy equipment-based construction company with the engineering capacity we have to increase the acquisition of new contracts and the Company's profit," he explained.He hopes that all the new contracts obtained can produce a high burn rate so that it can generate sales optimally and achieve the targets set by the Company for 2022.Source: https://www.cnbcindonesia.com/market/20220709194702-17-354333/pp-presisi-peroleh-kontrak-baru-rp-274-t-di-semester-i-2022
News
08 Jul 2022, 13:23 PM

IATA Starts Coal Production in South Sumatra

www.tambang.co.id
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PT MNC Energy Investments Tbk (IATA) through its subsidiary, PT Indonesia Batu Prima Energi (IBPE) has started producing coal in a 15 thousand hectares (ha) concession located in Babat Supat, Musi Banyuasin Regency, South Sumatra. The activity was marked by the First Cut of Mining event which was attended by the Board of Directors of the Company on July 2, 2022.Director of IBPE, Leader DS Daeli stated, the area of ​​15 thousand hectares is one of the biggest concessions of the Company. This concession has not yet reached its full potential as it is still in the process of being explored in most of the mining areas."I believe that IBPE will significantly increase the Company's production, as well as convince investors that the Company still has the potential to develop with higher production output plans for the coming years," he said in an information disclosure, quoted Friday (8/8).IATA through IBPE has signed a 5-year contract with the contractor on June 9, 2022 to start production with a target of 500 thousand MT for the first year, the period July-December 2022. In 5 years, the Company targets a total output of 7.5-8 million MT or 1 .5 million MT in the second year and 2 million MT annually for the remainder of the contract (Years 3-5), from Corundum, Beryl and Amethyst Pits."IBPE exports around 75% of its coal production to countries such as India, China, Vietnam and Thailand, while the remaining 25% is sold domestically to fulfill Domestic Market Obligations (DMO)," he added. The Corundum and Beryl pits are the 2 mines to be mined in the first 2 years. Meanwhile, mining in the Amethyst Pit will begin in the third year, along with new pits that are being and will be prepared, considering that the mining area of ​​15,000 Ha has not been fully explored and there are still many areas that still require the Indonesian Mineral Reserve Committee (KCMI) verification process.Currently, IBPE has mining infrastructure that is built and prepared adequately, with pit and disposal areas in the mine, hauling road that stretches 2 to 5 Km from pit to port, weigh bridge, and offices for administrative needs. In addition to IBPE, the Company's 2 other mines, through PT Bhumi Sriwijaya Perdana Coal (BSPC) and PT Putra Muba Coal (PMC), are already in production, with an output of 2.5 million MT in 2021.Meanwhile, PT Arthaco Prima Energy (APE) is also targeted to start production this year. The company is in the preparation stage, with the construction of a hauling road and port to support the APE production procesSource: https://www.tambang.co.id/iata-mulai-produksi-batu-bara-di-sumsel
News
06 Jul 2022, 15:02 PM

Bumi Resources (BUMI) Coal Production up to 36 million tons

www.investasi.kontan.co.id
107 Views
The La Nina phenomenon and heavy rainfall overshadowed the coal production of PT Bumi Resources Tbk (BUMI) until the mid-year period. The Bakrie Group coal mining issuer has also reconsidered its production target until the end of 2022. BUMI Director and Corporate Secretary Dileep Srivastava said that his party had not released the results of operational performance in the first half of 2022. However, as an estimate, BUMI's coal mining and sales volume for six months reached around 35 million - 36 million tons.Dileep said La Nina and high rainfall since December 2021 are still hampering the production process. BUMI also targets coal production to reach 79 million - 83 million tons this year. The target is slightly higher than in 2021 with a volume of around 78 million tons. However, BUMI's current target is below previous expectations of pursuing production of 81 million - 86 million tons until the end of 2022. Dileep said that his party is considering weather factors, which are estimated at 50-60 percent of the potential for heavy rains to continue in the second half until next year. He emphasized that BUMI will pursue the target while fulfilling its domestic supply obligations, aka Domestic Market Obligation (DMO). "If the La Nina rains subside, we hope to reach the 2022 guidance as outlined. We are on track to meet the DMO," Dileep told Kontan.co.id, Wednesday (6/7).Meanwhile, BUMI's coal production will be supported by its two subsidiaries, namely PT Kaltim Prima Coal (KPC) and PT Arutmin Indonesia. KPC contributed higher with an estimated ratio of 2:1. In terms of sales, Dileep sees that coal demand is still strong in the second half. The effects of the Russo-Ukrainian war are still a driving factor as sanctions on the supply of fossil fuels originate from Russia.Therefore, the European Union market can be considered in the second half of this. However, there are a number of challenges that need to be addressed first. First, the weather factor that can hinder production operations. Second, the specifications of the coal produced and its mixture in certain markets. Third, the priority to fulfill the DMO.The fourth challenge is the limited funding support from banks or financial and investment institutions. "This can be detrimental to resolving the energy crisis as well as to managing energy security and orderly transitions," Dileep said. In the midst of the position of coal prices which are still at a high level, BUMI has also accelerated debt payments. BUMI paid Tranche A in full in Q4 2022 and initiated significant payments from Tranche B, in addition to converting Mandatory Convertible Bonds (MCBs) into equity."Thus significantly reducing interest costs to be able to increase profits with a more balanced capital structure," explained Dileep. BUMI also held an additional capital without giving the right to pre-emptive securities (PMTHMETD) aka private placement . In this corporate action, BUMI will issue 13,206.473,996 Series C shares with a nominal value of Rp 50 per share. This amount represents 10.25% of BUMI's total shares prior to the private placement .The exercise price will be held at Rp 76.59 per share. Thus, the value of this private placement transaction reached Rp 1.01 trillion, which was intended to convert Innovate Capital's debt. "We hope to have a balanced capital structure after the current proposed corporate action and expect our 2022 performance to be far superior to 2021," concluded Dileep.Source: https://investasi.kontan.co.id/news/bumi-resources-bumi-produksi-batubara-hingga-36-juta-ton-pada-semester-i
News
05 Jul 2022, 09:20 AM

Russia sanctions provide price support for Indonesia coal plays: Maybank

www.businesstimes.com
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COAL prices are likely to remain high in the near term, as supply is squeezed by sanctions imposed on Russian coal in response to the nation’s invasion of Ukraine, Maybank said in a Monday (Jul 4) report. With a tight supply and shortage of alternative producers, many importers of coal will set their sights on Indonesian coal, the report said. It re-initiated coverage of Indonesia’s coal mining sector with a neutral view, however, on the expectations of long-term moderation in coal prices.Maybank analyst Richard Suherman noted that Russia is a major supplier of coal, producing the equivalent of 4.2 per cent of the world’s coal and exporting 16 per cent of the world’s total coal imports in 2021. The European Union, which gets more than 40 per cent of its coal imports from Russia, announced plans to fully ban the import of Russian coal and other solid fuels by mid-August this year; the United Kingdom plans to do this by the end of the year.The world’s third and fourth largest coal importers, Japan and Korea, have also moved to reduce reliance on Russian coal, with more countries expected to follow suit. Given the current tight supply of energy in the market, replacing the coal supply chain may prove more difficult than anticipated, Suherman added.Together with the difficulty in sourcing coal from alternative producers, global prices look likely to remain high in the near term, serving as a boon to Indonesian coal companies, who Maybank says have confirmed that inquiries from Europe have increased in recent months. However, Maybank cautioned that the high coal prices are unsustainable, in view of the expected economic slowdown and rising supply from China and India.Demand from China, which accounts for 52 per cent of global coal consumption, is expected to normalise. Coal demand is also expected to ease as surging commodity prices and inflation push central banks to tighten monetary policy, dampening economic growth. “The World Bank now expects the global economy to experience its sharpest deceleration following an initial recovery from global recession in 2020,” Suherman said. He added that China and India, the top two coal consumers in the world, will also be ramping up their own production of coal, prompted by power crunches in the beginning of the year. In the long term, this will flood the market with supply, moderating coal prices in coming years. Stricter climate change action and increased expansion of and transition to renewable energy, encouraged by high energy prices, will prompt a steady fall in coal prices, Suherman said. “We believe coal prices will start to come down in 2H22 before gradually easing towards our long-term price assumption of US$80/t (S$111.66/t).”Source: https://www.businesstimes.com.sg/companies-markets/russia-sanctions-provide-price-support-for-indonesia-coal-plays-maybank
News
04 Jul 2022, 16:43 PM

MIND ID Explores New Alliance for Electric Vehicle Business Development

www.kumparan.com
120 Views
BUMN Mining Industry Holding MIND ID or Mining Industry Indonesia, which consists of PT ANTAM Tbk, PT Bukit Asam Tbk, PT Freeport Indonesia, PT Inalum (Persero), and PT Timah Tbk visited the British electric vehicle manufacturer ARRIVAL Ltd. The parties met to explore potential supply solutions, including Battery & Aluminum and also discussed design and development electric vehicle.The meeting was attended by the Managing Director of MIND ID, Hendi Prio Santoso and the Founder & CEO of ARRIVAL, Denis Sverdlov on 20 May 2022 in the UK. The event was also attended by the Deputy Minister of SOEs Pahala Nugraha Mansury and the Indonesian Ambassador to the UK HE. Desra Believe.This initiation is part of MIND ID's efforts to explore the development of commercial electric micro-battery factories in Indonesia and Southeast Asia. The President Director of MIND ID, Hendi Prio Santoso, said that MIND ID has three mandates from the government, namely managing reserves and strategic resources, downstreaming, and having market leadership which is realized through optimization of mineral commodities and business expansion."This collaboration will expand the potential for developing the company's new portfolio in the long term, especially in the field of developing the electric vehicle ecosystem in Indonesia," he said, Monday (4/7). ARRIVAL continues to improve its supply chain and develop strategic initiatives to secure the raw materials needed to meet the global demand for electric vehicles.Using the microfactory method , ARRIVAL revolutionizes the traditional approach to vehicle production by eliminating shipping costs and maximizing added value through local product design and production. This is at the heart of the potential collaboration with MIND ID in Southeast Asia. As a shareholder of Indonesia Battery Corporation (IBC), MIND ID continues to seek new opportunities to develop the electric vehicle battery ecosystem. This is a manifestation of MIND ID's strategic plan, a potential strategic alliance for new downstream business expansion and capability development and portfolio optimization.With this potential collaboration, it is hoped that MIND ID and Inalum Operating will have a role in the future in the ARRIVAL Aluminum Supply Chain. MIND ID together with IBC as the Global Supply Chain for Battery, welcome the opportunity to conduct research and discuss the potential for joint commercial development of electric vehicle products for developing countries that can be carried out in Indonesia.Source: https://kumparan.com/kumparanbisnis/mind-id-jajaki-aliansi-baru-untuk-pengembangan-bisnis-kendaraan-listrik-1yOg6LWGXBB/full
News
04 Jul 2022, 07:02 AM

Targeting GREEN PROPER, Sustainable Environmental Management Continues to be Spurred by PT Agincourt...

www.kliksumut.com
86 Views
PT Agincourt Resources (PTAR), the manager of the Martabe Gold Mine, continues to aim for a GREEN rating for the PROPER assessment through improving the quality of environmental management and biodiversity. To achieve this, PTAR has made various efforts to increase PROPER achievements from BLUE to GREEN, including controlling air and water pollution, managing toxic hazardous waste (B3), potential damage to mining areas, waste management, B3 material management, management non-B3 waste, as well as reducing greenhouse gas emissions.PTAR Deputy General Manager Operations, Wira Dharma Putra, said PTAR supports the government's program to reduce 29% of greenhouse gas (GHG) emissions on its own and 41% of emissions GHGs with international support by 2030. PTAR will also carry out its commitment to support the government's efforts towards net zero emission and comply with government regulations related to energy efficiency and GHG emission reduction."The goal of PTAR going forward is to get a GREEN PROPER and we hope to achieve this by increasing the focus on biodiversity conservation and energy projects, as well as reducing greenhouse gas emissions," said Wira. Most recently, PTAR held an Environment Day seminar with the theme “Energy Efficiency Strategy and Reducing Greenhouse Gas Emissions” on 27 June 2022 online and an online seminar “Towards a Green PROPER for the Earth's Future” on 29 June 2022 in Medan.The two seminar themes in the context of World Environment Day are in line with the commitment and spirit of sustainable development which is the basic principle of PTAR in carrying out its operations. The seminar was attended by the North Sumatra Environmental Service (DLH), North Sumatra Energy and Mineral Resources (ESDM) Office, South Tapanuli DLH, and a number of mining companies.In managing the environment and biodiversity, PTAR follows and implements all aspects of Good Mining Practice in accordance with applicable regulations. PTAR has also collaborated in the fields of education, science, research, and biodiversity conservation with several universities, including the Bogor Agricultural Institute (IPB), National University (Unas) Jakarta, North Sumatra University (USU), South Tapanuli Muhammadiyah University (UMTS). ), and Aufa Royhan University in Padang Sidempuan.Activities that have been carried out include surveying the composition and diversity of flora and fauna in Batangtoru as well as Pre-Land Clearing Fauna Inspection training with forestry experts from the USU Faculty of Forestry.  On a regular basis, the Integrated Team together with the PTAR Department of Environment monitor the quality of the residual water by taking water samples from the Batangtoru River.Fulfillment of the quality of the residual water from the Martabe Gold Mine process according to the quality standard based on the Decree of the Minister of the Environment No. 202/2004 concerning Wastewater Quality Standards for Gold and/or Copper Ore Mining Business and/or Activities, as well as Minister of Environment and Forestry Regulation No. P.68/MENLHK/Setjen/Kum.1/8/2016 concerning Domestic Wastewater Quality Standards. In the Martabe Gold Mine area, PTAR has a nursery facility to assist the Reclamation Program in the final land area by providing supplies of native Batangtoru tree species.“We continue to ensure that every tree we plant is the best seed and we will take care of it regularly. Every year, a team from the Ministry of Energy and Mineral Resources reviews and assesses the success rate of reclamation plant growth and the overall condition of the area to ensure that our company's reclamation and revegetation activities are carried out properly," said Wira. To date, PTAR has planted more than 41,000 tree seedlings, while the number of local plant seeds prepared at the nursery facility is more than 5,000 seedlings.The Head of North Sumatra DLH, Tengku Dianingrum, said that PROPER was needed to remind the commitment of business actors in managing the environment in order to achieve a sustainable environment. PROPER is also needed to improve the arrangement in controlling environmental impacts around the mine site and encourage the realization of sustainable environmental development. “Environmental restoration aims to preserve the environment, which is our collective work. We must have a mindset to contribute to realizing net zero emissions. So what needs to be done is to use alternative fuels with lower carbon emissions, such as biomass and biofuels,” said Tengku.  The North Sumatra Department of Energy and Mineral Resources expressed a positive appreciation for PTAR. Head of the Mineral and Coal Division of the North Sumatra ESDM Office, Budi Batubara, said PTAR is the only gold commodity metal mineral mining business that is already producing in North Sumatra and has made a significant contribution. Throughout 2021, PTAR contributed 96% of the total non-tax state revenue (PNBP) for mining.Source: https://kliksumut.com/targetkan-proper-hijau-pengelolaan-lingkungan-berkelanjutan-terus-dipacu-pt-agincourt-resources/
News
01 Jul 2022, 09:45 AM

Demand for Heavy Equipment Surges, United Tractors Hoist Sales Target this Year

www.industri.kontan.co.id
112 Views
The increase in the prices of a number of commodities and the improving economy this year have boosted the performance of the heavy equipment industry. No doubt, the demand for heavy equipment will also increase in 2022. As a result, PT United Tractors Tbk ( UNTR ) reaped blessings from this. Now, this subsidiary of PT Astra International ( ASII ) has also chosen to hoist the heavy equipment sales target until the end of the year.United Tractors management decided to raise the sales target of Komatsu brand heavy equipment from the previous 3,700 units to 4,800 units for 2022. This latest projection has gone through a series of joint reviews between United Tractors as the distributor and the principal as the manufacturer of heavy equipment in order to increase production."So, of course everything has been prepared. The sector that has the potential to absorb our heavy equipment is still the mining sector," said United Tractors Corporate Secretary Sara K. Loebis, Friday (1/7). For information, in the first 5 months of 2022, Komatsu's heavy equipment sales reached 2,400 units or shot up 123.04% year on year (yoy). In the January-May 2021 period, sales of Komatsu UNTR heavy equipment were only 1,076 units. On a year to date (ytd) basis, Komatsu's heavy equipment market share in January-May 2022 was recorded at 28%.Of the total 2,400 units of heavy equipment sold by United Tractors, 62% of them are intended for the mining sector, 11% for the forestry sector, 17% for the construction sector, and 10% for the agribusiness sector. Regarding the challenge of limited raw materials or components for the manufacture of heavy equipment, Sara briefly explained that United Tractors' principal of heavy equipment always tries to have several sources to meet the needs of these components. This is part of the anticipation so that the supply of heavy equipment to United Tractors customers is maintained.Just so you know, United Tractors sells various types of Komatsu heavy equipment from Japan. These include Backhoe Loaders, Bulldozers, Forwarders, Hydraulic Excavators, Motor Graders, Off Highway Dump Trucks, Wheel Dozers, and Wheel Loaders. United Tractors' distribution network of heavy equipment sales spreads from Sumatra, Java, Kalimantan, Sulawesi, to Papua.Source: https://industri.kontan.co.id/news/permintaan-alat-berat-menggeliat-united-tractors-kerek-target-penjualan-di-tahun-ini
News
28 Jun 2022, 14:12 PM

MIND ID Trial of Artificial Intelligence Technology for Mineral Exploration

www.katadata.co.id
108 Views
The state-owned mining company PT Mining Industry Indonesia ( MIND ID ) is testing the use of artificial intelligence (AI)-based technology and machine learning to optimize mineral exploration activities. The technology is called "Geologging" . President Director of MIND ID, Hendi Prio Santoso said that the digital application developed by the Safepedia team will be used by all MIND ID members consisting of PT Aneka Tambang (Antam), PT Bukit Asam, PT Freeport Indonesia, PT Inalum, and PT Timah.Hendi hopes that the application of AI technology can increase the effectiveness of exploration among MIND ID members. The company continues to innovate in every operational activity to optimize the management of mineral resources and reserves. MIND ID Relies on Three Strategies "The company continues to encourage the birth of ideas and innovations that make the mining industry's business processes more efficient, effective, environmentally friendly and sustainable," Hendi said in a press release, quoted Tuesday (28/6).Advertisement Geologging has three features, namely safety inspection , drilling process and core photos equipped with artificial intelligence technology. MIND ID hopes that the Geologging application will become a problem solver for efficiency and optimization of exploration activities for MIND ID members. Geologging trials were carried out at Antam's exploration activities in the gold mining business unit in West Java. This application can speed up and calculate samples of drilled rock (core) such as Rock Quality Designation (RQD), and Core Recovery . Hendi explained that the implementation of the pilot program carried out in Antam's operational areas focused on three things. One, field adjustments in the Geologging application according to the needs of officers in the field. Two, the collaboration of AI features on Geologging with Antam's digital logging application "Rinda Emas" ." Trial and error is needed considering that the use of AI in Core Logging or in the exploration business process is still very minimal," continued Hendi. The Rinda Emas Antam application was developed from the background of the risk of data recording errors (typo errors) , the lack of technology to support efficiency in the exploration world, and the lack of optimization in data collection for digital exploration activities. The collaboration between Rinda Emas and Geologging is expected to minimize input errors, increase efficiency by streamlining the data collecting process and improve the quality and standardization of geological data and drilling activity data. "The collaboration between Rinda Emas and Geologging is expected to contribute to the efficiency and effectiveness of Antam's exploration activities," said Hendi.Source: https://katadata.co.id/happyfajrian/berita/62ba8acde3681/mind-id-ujicoba-teknologi-kecerdasan-buatan-untuk-eksplorasi-mineral
News
28 Jun 2022, 13:20 PM

PT Aneka Tambang Tbk : ANTAM Receives Two CSR & PDB Awards 2022

www.marketscreener.com
92 Views
PT Aneka Tambang Tbk (ANTAM; IDX: ANTM; ASX: ATM) member of Mining Industry Indonesia (MIND ID) - the State-Owned Enterprise Holding of the Mining Industry Indonesia, announced that the Company is received appreciation in the Corporate Social Responsibility (CSR) and Sustainable Village Development (PDB) Awards 2022. ANTAM received two awards, the Gold rating for the Integrated Coconut Industry Development Program in North Maluku and the Silver rating for the Community-Based Post-Mining Reclamation Program (Mamalam) in West Kalimantan. The award was handed over directly by the Vice President of the Republic of Indonesia, Prof. Dr. K. H. Ma'ruf Amin, to ANTAM's President Director, Nico Kanter, on June 23, 2022, in Jakarta.ANTAM's President Director, Nico Kanter, said:"As a sustainable company, ANTAM always strives to present CSR programs that have a direct impact on the economy and the growth of the community around the operational areas. ANTAM's success in achieving the 2022 CSR & PDB Awards is an acknowledgment of the Company's CSR program. This is proof of ANTAM's contribution to realizing sustainable villages around the Company's operational areas, particularly in the North Maluku Nickel Mining Business Unit and West Kalimantan Bauxite Mining Business Unit."The Integrated Coconut Industry Development Program implemented at North Maluku Nickel Mining Business Unit and the Mamalam Program implemented at West Kalimantan Bauxite Mining Business Unit apply the Creating Shared Value and Creating New Value approaches to build a prosperous, independent, and sustainable society.The integrated Coconut Industry Development Program utilizes the potential of the coconut plant to address the sustainability challenges faced by the community and the Company. Through this program, the farmer who initially only processed coconut into black copra were able to take advantage of other potentials from coir, shells, and other parts of the coconut plant so that they could increase income and create jobs and business opportunities. This program can also benefit the Company by using coconet products for reclamation purposes at a more efficient price.The Mamalam program was implemented at the West Kalimantan Bauxite Mining Business Unit to maximize community involvement in post-mining land reclamation activities, especially for the provision of seeds and planting. This program has also succeeded in developing integrated agriculture and supplying agricultural products as food for employees at the West Kalimantan Bauxite Mining Business Unit and also for the surrounding community.The CSR & PDB Awards 2022 are organized by the Indonesian Social Sustainability Forum (ISSF) and the Ministry of Villages, Development of Disadvantaged Regions, and Transmigration, which aim to encourage and synergize the participation of the business world, Regional Government, and other stakeholders in accelerating village development through the development of Village-Owned Enterprises and other CSR activities.The program assessment is carried out independently by experts and the Ministry of Villages, Development of Disadvantaged Regions, and Transmigration. There were 88 programs from 64 companies that took part in the assessment, of which 22 programs received a Gold rating, 53 programs received a Silver rating, and 13 programs received a Bronze rating.AttachmentsOriginal LinkOriginal DocumentPermalinksource: https://www.marketscreener.com/quote/stock/PT-ANEKA-TAMBANG-TBK-6491640/news/PT-Aneka-Tambang-Tbk-ANTAM-Receives-Two-CSR-PDB-Awards-2022-40840282/

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