Developing its business expansion to pursue revenue growth, PT Petrindo Jaya Kreasi Tbk (CUAN) will diversify its business, namely exploration for gold minerals and silica sand. This diversification activity will be carried out by one of the newly established subsidiaries, namely PT Prima Mineral Investindo (PT PMI). This information was conveyed by the company in a press release in Jakarta, yesterday.Director of Petrindo Jaya Kreasi, Daniel Jr. Lopez Laurente said that his party is currently conducting research on silica sand which will be used to manufacture solar panels. "In the next few months we will also explore gold minerals," he said.Daniel said the two minerals would become the focus of CUAN's exploration in business diversification through its subsidiary PT PMI. PT PMI itself is a newly established subsidiary engaged in mineral mining. PMI is prepared as a diversification of the coal mining business that it already owns because CUAN sees that many other minerals have new business opportunities. In addition to establishing PT PMI, CUAN also established two new subsidiaries, namely PT Kreasi Jasa Persada which is engaged in mining services with the aim of integrating mining services in the area around CUAN's IUP.  Furthermore, there is PT Green Natural Investindo (GNI) engaged in the Industrial Plantation Forest sector. GNI later aims to offset carbon emissions produced by other CUAN subsidiaries as compensation for the coal that has been mined. Meanwhile, coal, which is CUAN's main business sector, is said to be stable until the end of 2023.  Main Director of CUAN, Michael said that his party is still optimistic about coal demand until the end of 2023, even though it has experienced a correction compared to last year. This assumption has prevented CUAN from changing its production target of 1.1 million tons of coal by the end of the year. "Until now there have been no revisions, the production target is still the same until the end of 2023," explained Michael.For information, this year PT Petrindo Jaya Kreasi Tbk through its subsidiary PT Tamtama Perkasa targets coal production and sales of up to 1 million tons. Michael conveyed that this target was in accordance with the Work Plan and Budget (RKAB) approved by the Ministry of Energy and Mineral Resources (ESDM).He explained that the company's coal production volume as of December 31, 2022 had reached 50% of the set target. The type of coal produced by the company owned by conglomerate Prajogo Pangestu is a type of high-calorie coal, namely 6100 kcal/kg GAR with low sulfur and ash content, thus attracting many consumers.Meanwhile, most of the coal produced by CUAN is destined for the export market with 45 percent of coal being exported to Japan. Meanwhile, other countries that are also consumers of CUAN coal are the Philippines, Taiwan, South Korea, and the European region.Image source: www.neraca.co.idSource: https://www.neraca.co.id/article/184732/diversifikasi-bisnis-di-anak-usaha-petrindo-eksplorasi-mineral-emas-dan-pasir-silika

Sinar Mas Group, PT Dian Swastatika Sentosa Tbk. (DSSA) took over shares of PT Golden Energy Mines Tbk. (GEMS) worth IDR 2.67 trillion owned by Golden Energy and Resources Limited (GEAR).GEMS Corporate Secretary Sudin Sudirman said the IDR 2.67 trillion transaction was not a sale and purchase transaction, but in the context of reducing capital in GEAR."This transaction is between DSSA and GEAR. GEAR left and DSSA took over," he told Bisnis, Monday (21/8/2023).Based on the disclosure of information, DSSA purchased 411,184,168 GEMS shares at a price of IDR 6,500. As a result, this transaction is worth IDR 2,672,697,092.00.Due to this transaction, DSSA's accumulated ownership of GEMS shares , which was originally 48.42 percent, became 55.42 percent.Previously, DSSA disclosed that the internal restructuring plan of the subsidiary would be carried out through several series of transactions which include the plan to receive GEMS shares, the plan to transfer GEAR shares, and the purchase of GEMS shares owned by GEAR from GEAR public shareholders who choose to receive funds.Previously, at the close of trading session I, Monday (21/8/2023), there was a crossing transaction for GEMS shares worth a total of IDR 2.67 trillion at a price of IDR 6,500 per share, or lower than regular market shares.GEMS shares are currently closing at IDR 6,700 per share or down 0.74 percent. During trading, GEMS moves in the range of IDR 6,675 to IDR 6,925 per share. A total of 124,700 shares were traded with a transaction value of IDR 845.64 million on the regular market.Based on data for June 2023, the shareholding portion of GEMS is Golden Energy and Resources Limited as the controller which is a subsidiary of PT Dian Swastatika Sentosa Tbk. (DSSA) holds 62.49 percent of shares or 3.67 billion shares.Furthermore, PT Radhika Jananta Raya owns 30 percent of shares or the equivalent of 1.76 billion shares and shares circulating in the community are 441.18 million or the equivalent of 7.5 percent.Image source: dssaSource: https://market.bisnis.com/read/20230821/192/1686750/dian-swastatika-dssa-ambil-alih-saham-golden-energy-gems-rp267-triliun

In this modern era, the need for energy continues to increase along with population growth and industrial development. One sector that is still heavily dependent on fossil fuels is the coal mining industry. However, awareness of the negative environmental impact of fossil fuels has pushed companies to seek more environmentally friendly solutions. Amidst this paradigm shift, Titan Infra Energy has emerged as a leader in the coal-electric truck revolution aimed at reducing carbon footprint and increasing sustainability.Why Coal Electric Trucks?Electric trucks have become a major highlight in global efforts to reduce pollution and greenhouse gas emissions. With increasingly advanced battery technology, electric trucks are not only more environmentally friendly, but also able to provide competitive performance. In the coal mining industry, electric trucks have the potential to significantly reduce carbon emissions, reduce long-term operating costs and improve corporate image.Titan Infra Energy: Paving the Way for SustainabilityAs a pioneer in the use of electric trucks in the coal mining industry, Titan Infra Energy has demonstrated a strong commitment to sustainability. The company has invested heavily in research and development to provide tough and reliable electric trucks to suit the demands of the harsh working environment in coal mines.Advantages of Titan Infra Energy Coal Electric TruckSuperior Performance: Titan Infra Energy's electric trucks are equipped with state-of-the-art battery technology that provides unrivaled durability and performance. This truck is capable of tackling difficult terrain without sacrificing efficiency.Reduced Emissions: One of the main benefits of electric trucks is the reduction in carbon emissions. By using electrical energy as a power source, this truck does not produce exhaust emissions that damage the environment.Lower Operating Costs: While the initial investment in an electric truck may be higher, the long-term operating costs are much lower than in a fossil fuel truck. This includes lower fuel and maintenance costs.Technological Innovation : Titan Infra Energy is constantly working to improve its electric truck technology. By combining expertise in the mining industry and the latest technology, they create solutions that match customer needs.Bright futureWith Titan Infra Energy's commitment to coal electric trucks , the future of the mining industry is even brighter. We can expect drastic reductions in greenhouse gas emissions, reduced environmental impact, and increased operational efficiency. In addition, the company is also paving the way for further innovation in the use of clean energy in the mining sector.The Important Role of Collaboration  The journey to a wider range of coal electric trucks cannot be taken alone. Titan Infra Energy has opened the door for collaboration with related parties, including leading battery technology manufacturers and trusted research institutions. This collaboration enables the exchange of knowledge, experience and resources to drive the development of better and more efficient electric trucks.Government and Regulatory SupportTitan Infra Energy's efforts to lead the coal electric truck revolution are also supported by government measures and regulations that increasingly support the use of clean energy. Policies that encourage adoption of electric trucks, fiscal incentives for green technologies, and strict enforcement of emission standards have helped create an enabling environment for innovation in the mining sector.Long Term ProfitsInvesting in a coal electric truck is not just about carrying out environmental responsibility, it is also about ensuring a sustainable business continuity. By adopting this technology, companies can reduce regulatory risks and future fluctuations in fossil fuel prices. Long-term operational cost advantages will also provide a significant competitive advantage.Continuous InnovationTitan Infra Energy recognizes that the electric truck revolution is only the beginning of a bigger change. The company has invested heavily in research to develop more efficient battery technologies, fast charging systems, and renewable energy solutions to ensure the sustainability of the mining industry in a sustainable era.Responding to Technical ChallengesDelivering an electric truck capable of operating in a coal mining environment is not an easy task. Titan Infra Energy has overcome these technical challenges through robust design, high-quality materials and rigorous testing. Their electric trucks are not only capable of overcoming difficult terrain, but also provide the efficiency and reliability required in mining operations.Investing in the FutureTitan Infra Energy's commitment to coal electric trucks is a long term investment in the future of a sustainable mining industry. This move will not only impact the companies themselves, but will also inspire other sectors to adopt better sustainable practices.With a strong vision and concrete steps to realize a coal electric truck, Titan Infra Energy has played an important role in changing the paradigm of the mining industry. We are not only witnessing a shift towards clean energy, but also facing a future that is greener, more efficient, and more sustainable. Through innovation, collaboration and a commitment to sustainability, Titan Infra Energy is leading positive change in the way we view coal mining.Image source: https://www.titaninfra.com/Source: https://www.kompasiana.com/titaninfraenergy705/64e18f4308a8b571fb65f094/memimpin-revolusi-truk-listrik-batubara-titan-infra-energy-siap-mengambil-timbal

PT Metso Outotec Indonesia (Metso) officially opens a new office in South Jakarta, Monday (21/8), providing technology and services for the aggregate, mineral processing and metal refining industries.Interim President and CEO of Metso Eeva Sipila said, the opening of this new office is part of Metso's strategy to welcome the downstream industry in Indonesia which is currently in full swing, especially in the mining and metal sectors, especially for the raw material needs for electric vehicle batteries.Metso sees many opportunities in the Indonesian mining and metals industry in general, and in projects involving battery metals in particular.To accommodate Metso's business growth in Indonesia and strengthen its presence in the Asian region, Metso opened a new, larger office in Jakarta."This new office will focus on driving sales, supporting project implementation, and providing sustainable services and solutions for Metso's customers," said Eeva.According to Eeva, Indonesia has the world's largest mineral reserves and resources, which have a key role in driving the global energy transition process. On the world stage, Indonesia is a major producer of metal batteries such as copper, nickel and goldEeva explained, Metso has seen significant growth in recent years and sees a strong future in sustainable mining projects in Indonesia, especially around metal batteries and important commodities.For information, Metso's new headquarters remains in Jakarta but is twice the size of the previous office.The new expanded office in Jakarta ensures that Metso can continue to drive customer growth within Indonesia's dynamic mining community.With the inauguration of the new head office in Jakarta, Metso emphasized the company's long-term commitment to Indonesia.The head office in Jakarta will help drive sales, prepare projects for implementation, coordinate domestic supply, and provide lifecycle, repair and service solutions for existing Metso customers.Image source: KONTAN/Diki MardiansyahSource: https://industri.kontan.co.id/news/buka-kantor-baru-metso-jajaki-peluang-industri-pertambangan-dan-hilirisasi

A coal mining company in East Kalimantan has recorded quite a fantastic production record.Producing around 70 million tons, this coal mining company in East Kalimantan has been able to record its mine output for a year.If traced, the location of this coal mine is in the Sangatta area, East Kutai Regency, East Kalimantan.This coal mining company in Sangatta, East Kalimantan, actually manages one of the open-pit mines, better known as open-pit.This open-pit or open-pit mine managed by a coal mine in East Kalimantan is the largest in the world.So, it is only natural that the production results from one of the coal mines in East Kalimantan are quite fantastic.Furthermore, the land area of ​​this coal mining company in East Kalimantan reaches 84,938 hectares.In addition to this, this coal mining company in East Kalimantan is also supported by a total of 4,499 employees.And as many as 21,000 contractor personnel and related companies have also been deployed to run this coal mining company in East Kalimantan.Because of these several things, this coal mining company in East Kalimantan is proliferating.The coal mining company referred to in the several paragraphs above is PT Kaltim Prima Coal East Kalimantan.This company is a coal mining company in Indonesia, located in East Kalimantan.This company is also one of the subsidiaries of PT Bumi Resources which is headquartered in Jakarta.One thing that makes this coal mining company in East Kalimantan different from other mining companies.PT Kaltim Prima Coal in East Kalimantan is committed to carrying out responsible coal mining operations.So that this coal mining company in East Kalimantan is able to pave the way for renewable energy sources to be developed by the community.Image source: innalar.comSource: https://www.innalar.com/regional/3679868267/produksi-capai-70-juta-ton-per-tahun-perusahaan-tambang-batu-bara-di-kaltim-catatkan-rekor-terbesar-di-dunia

The House Representative of Energy Commission supports the government's plan to temporarily suspend or moratorium on permits for the construction of nickel processing plants. The reason is that currently there is excess production of high grade nickel commodities, such as ferronickel, nickel pig iron (NPI), and nickel matte.Deputy Chairman of Commission VII Bambang Haryadi said the government should encourage mineral processing factories that produce downstream products for battery raw materials such as precursors and cathodes."I think it is necessary to limit the construction of new smelters, which are currently the result of initial management," Bambang told journalists at the Nusantara II Building, Jakarta on Wednesday (16/8).The Energy Commission also encourages the government to provide greater opportunities for business actors who wish to establish High Pressure Acid Leach Leaching (HPAL) hydrometallurgical smelters.This smelter is for the supply of raw materials for further downstream products, such as precursors, cathodes, and batteries. "So the hope is that in the future the added value will be even higher," said Bambang.The Indonesian Nickel Industry Forum (FINI) echoed a similar attitude. Chairman of FINI, Alexander Barus, said that the moratorium on permits for the construction of pyrometallurgical smelters at RKEF is urgent to be implemented as the excess supply of processed commodities from high-grade nickel ore is causing prices to be further pressured."It's best to have a moratorium now, meaning that new permits for pyrometallurgical smelters, in my opinion, no longer need a permit," Alex said at the Westin Hotel on Tuesday (9/5).Alex, who also serves as President Director of PT Indonesia Morowali Industrial Park (IMIP), also said that the upstream nickel mining business is now overwhelmed to meet the demand for saprolite nickel supplies to the smelter company processing the high grade nickel ore.Even though the production of high grade nickel ore reaches 130 million metric tons per year, this amount is not comparable to the ability and processing capacity of all domestic smelters. "With 130 million tons, the miners have worked hard. What does that mean? There can be smelters that cannot be supplied and there is competition between supplies," said Alex.Special Staff of the Minister of Energy and Mineral Resources for the Acceleration of Mineral and Coal Management (Minerba), Irwandy Arif, said that the production rate of NPI to ferronickel is currently increasing nickel ore consumption significantly to obtain high grade saprolite nickel ore of 1.5% -3%.Irwandy explained that the absorption of nickel ore to produce NPI and ferronickel currently reaches 100 million to 160 million tons per year. This amount will increase to 450 million tons per year if the construction of the RKEF smelter continues. On the other hand, Indonesia's nickel ore reserves are only 5.2 billion tonnes.According to him, the government needs to increase exploration for nickel reserves while boosting the HPAL smelter which is capable of processing low grade 0.8-1.5% limonite nickel ore into a mixture of hydroxide solids from nickel and cobalt Mix Hydroxide Precipitate (MHP) and Mix Sulphide Precipitate (MHP). MSPs). This product is the main raw material for the production of nickel sulfate or cobalt sulfate. The two intermediate products are raw materials for battery components.Image source: ANTARA FOTO/JOJON/SPT.Source: https://katadata.co.id/yuliawati/berita/64dcd57996dc4/komisi-energi-dpr-dukung-moratorium-izin-pembangunan-smelter-nikel

The Ministry of Energy and Mineral Resources (ESDM) said that currently 90% of nickel smelters in Indonesia use pyrometallurgical technology or Rotary Klin-Electric Furnace (RKEF) originating from China. The use of this technology is popular because the investment is relatively cheaper compared to hydrometallurgical smelters.Special Staff for the Acceleration of Minerba Governance at the Ministry of Energy and Mineral Resources, Irwandy Arif explained that nickel downstream in Indonesia is currently almost 100% using RKEF technology which will produce nickel pig iron (NPI) and ferronickel."So, 90% of those who enter cooperation smelters come from China because it's cheap (the investment). The mining industry business is definitely looking for something cheap," he explained when met at the Ministry of Energy and Mineral Resources Building, Friday (18/8).Meanwhile, there are several companies that do not use technology from China, namely PT Vale Indonesia Tbk ( INCO ), which is building its nickel smelter using technology from Canada.According to ESDM records, currently there are 33 smelters with pyrometallurgical technology that are operating and producing up to 115.45 million metric tons of NPI. As many as 37 smelters that will produce 90.88 million MT are under construction and 27 smelters are planned to be built.However, continued Irwandy, in the future there will be other partners, outside of China, who will also contribute to encouraging downstream nickel in Indonesia. Especially when the RKEF smelter will be limited, the downstream process in the country will go even further so that it can produce batteries.Currently, the Ministry of Energy and Mineral Resources is worried about the increasingly massive consumption of saprolite ore due to the proliferation of RKEF smelters in Indonesia.Therefore, the Minister of Energy and Mineral Resources has made an appeal to business actors regarding restrictions on the construction of the RKEF smelter."This appeal is due to the extraordinary consumption of saprolite ore, this is what we must pay attention to. But what has been approved I think will continue (the construction) especially if it is still within the national strategic program (PSN)," he explained.Image source: ANTARA FOTO/JOJONSource: https://industri.kontan.co.id/news/kementerian-esdm-90-smelter-nikel-di-indonesia-gunakan-teknologi-dari-china

PT Indo Tambangraya Megah Tbk (ITMG) recorded a coal production volume of 8.2 million tons as of June 2023, an increase of 6% compared to the same period the previous year.Main Director of Indo Tambangraya Megah Mulianto said that this achievement had exceeded the target, which was supported by good weather conditions and operational management.As a result, in the first half of 2023, Indo Tambang was able to record net revenues of US$ 1.3 billion with a gross profit of US$ 458 million and a gross profit margin of 35%, as well as an EBITDA of US$ 408 million.The average selling price of Indo Tambang's coal in the first semester of 2023 is US$ 130.6 per ton. This price decreased compared to the previous US$ 175.1 per ton. As a result, the company's net profit shrank 33 percent to US$ 307 million compared to the same period last year.However, As a result of cash management, Mulianto stated that Indo Tambang was still able to maintain a healthy balance sheet."Until the end of June 2023, the company recorded total assets of US$ 2.2 billion with total equity of US$ 1.8 billion. Cash and cash equivalents were also solid, reaching US$ 1 billion," said Mulianto in his statement, Wednesday (16/ 8/2023). ITMG shares also recorded earnings per share of US$ 0.27.Meanwhile, ITMG recorded a sales volume of 9.9 million tons, consisting of the Chinese market 3.6 million tons, Indonesia 2.2 million tons, Japan 0.9 million tons, Philippines 0.8 million tons, Thailand 0.5 million tons, and other countries in Asia Pacific and Europe.This year, ITMG is targeting a coal production volume of 16.6-17 million tons with a sales volume of 21.5-22.2 million tons. Of the sales volume target, 56% has been set at a selling price, then 32% refers to the coal price index and the remaining 12% has not been sold.Furthermore, Mulianto said that ITMG established PT ITM Bhinneka Power (IBP) to participate in the renewable energy and energy technology business. This is in line with the government's plan through PT PLN (Persero) which targets renewable energy capacity to increase by 20.9 GW until 2030 to support zero emissions in 2060.IBP has formed two subsidiaries, namely PT Cahaya Power Indonesia (CPI) which focuses on developing solar panel roofs for commercial and industrial use and PT IBP Hydro Power (IHP) which is engaged in the renewable energy business based on hydroelectric power plants.As of semester I-2023, the company has secured a cumulative contract of 9.7 MWp. An additional 1.0 MWp contract was won in the second quarter of 2023. Of this amount, the total project capacity that has been or is being worked on is 5.8 MWp.Image source: PerseroanSource: https://investor.id/market/338221/indo-tambang-itmg-dongkrak-bisnis-batu-bara-dan-energi-terbarukan

PT United Tractors Tbk ( UNTR ) projects a gold equivalent sales volume in 2023 of 175,000 ounces. This projection is lower than last year's realization of UNTR gold sales which reached 286,414 ounces.United Tractors Corporate Secretary, Sara K. Loebis, explained that UNTR is currently developing a tailings facility . That is why management made production adjustments."The development of the tailings facility is underway , so for the time being, production capacity needs to be adjusted first," Sara told Kontan.co.id, Sunday (20/8).Gold mining is one of several lines of business that are run by UNTR. The business line is run through PT Agincourt Resources (PTAR) which was acquired by UNTR through PT Danusa Tambang Nusantara (DTN) at the end of 2018. PTAR is a company engaged in mineral exploration, mining and processing. Currently, PTAR operates the Martabe Gold Mine in the province of North Sumatra with a 30 year Contract of WorkThe concession area according to this agreement is 1,302 square kilometers. This area covers areas in South Tapanuli, Central Tapanuli, North Tapanuli and Mandailing Natal Regencies.The location of the Martabe Gold Mine itself is in South Tapanuli Regency with an operating area of ​​479 hectares. As of June 2022, the mineral resources of the Martabe Gold Mine were 6.5 million ounces of gold and 64 million ounces of silver. The ore reserves are 3.9 million ounces of gold and 36 million ounces of silver, equivalent to an additional 12-13 years of mining operations.Throughout the first half of 2023, UNTR's gold equivalent sales volume reached 109,477 ounces. This number shrank 23.85% compared to the realization in the first semester of 2022 which reached 143,776 ounces.“Estimated gold sales for this year's full year are 175,000 ounces. Sales in semester 1 were around 109,000 ounces, so the rest will be in semester 2," he said.In terms of accounting for profit and loss performance, UNTR pocketed a turnover of IDR 3.19 trillion in the gold mining line of business or 4.64% of UNTR's total consolidated revenue in the first semester of 2023.This number decreased by 17.92% compared to the realization of UNTR's gold mining turnover for the first semester of 2022 which reached IDR 3.88 trillion.Even though it has not been very successful in the gold mining business this year, UNTR still has a vision to accelerate this line of business. Currently, UNTR is preparing the Sumbawa Jutaraya (SJR) mine to be able to start operating in 2024.In a previous interview with Kontan.co.id, management stated that SJR Mine production was estimated at 40,000 ounces per year in the early year, then increased in the following year to 60,000 ounces.Image source: www.unitedtractors.comSource: https://investasi.kontan.co.id/news/proyeksi-penjualan-emas-united-tractors-untr-tahun-2023-lebih-rendah-cek-pemicunya

Coal prices strengthened at the close of trading last weekend. The price of coal futures for the August 2023 contract at ICE Newcastle Futures was observed to have risen 1.70% to a level of US$149.50/ton at the close of trading on Friday (18/8).This coal price movement also occurred in the coal futures price for the September 2023 contract which grew 3.04% to a level of US$160.75/ton at the same trading time.The coal price for the August 2023 contract reversed direction from trading the previous day which closed down 0.34% on 17 August 2023. Previously, coal prices had rallied for 10 consecutive trading days with an accumulated increase of 10.07% on 3-16 August 2023 .Meanwhile, if you look at the movement throughout the year, the black gold price fell 63.01%. The price has also fallen 63.88% in the past year.The strengthening of coal prices occurred due to ongoing mine safety inspections in China as the world's largest coal producer, thereby limiting production. According to Reuters , China's average daily coal production in July fell to its lowest level since October.Data from China's National Bureau of Statistics (NBS) show that China's coal production reached 377.54 million metric tons last month or the equivalent of 12.18 million tons per day. The figure is down 6.3% from June but is about the same as July 2022.Safety inspections carried out at Chinese mines came after two fatal accidents occurred at the main coal hub Shanxi last month. As a result, inspections were tightened and production at several mines was suspended.According to data compiled by data provider Wind, the average operational rate at 442 major coal mines in Shanxi, Shaanxi and Inner Mongolia fell from 82.4% to 81.2% at the end of July. Analysts expect safety controls to be in place for the remainder of 2023 thereby limiting coal production in the country.Meanwhile, coal prices in China have fallen over the past month due to high import volumes, rising inventories, and sluggish industrial demand. This condition makes mining operations also become discouraged.For information, during the first seven months of 2023, China's coal production reached 2.67 billion tons, up 3.60% from the same period in 2022.Image source: Dominik Vanyi/UnspalshSource:https://dataindonesia.id/bursa-keuangan/detail/volume-produksi-di-china-terbatas-harga-batu-bara-menguat