PT Freeport Indonesia (PTFI) has successfully completed the progress of the copper smelter construction project in SEZ Gresik, until the end of this year December 2023 it is targeted to have completed the smelter production utility. As of June 2023 it has reached 74.07%.Yoga Ameliasari Construction Manager of the Freeport Gresik Smelter said, with the existing progress, plus the targets that have been achieved, he is optimistic that the smelter in SEZ Gresik will be completed and operational in May 2024."The operation target is based on the Gresik Smelter project which will achieve 100 percent construction by the end of 2023. Then, it will proceed to the soft commissioning phase and ramp up operations in June 2024," said Yoga Ameliasari Construction Manager Smelter Freeport Gresik, in Surabaya, Tuesday (8 /8).According to him, if you look at the S-Curve plan for the completion of the smelter construction approved by the government, the Manyar Smelter project is planned to be completed 52.9 percent in January 2023. That way, this achievement exceeds the set target."The total cumulative costs reached US$ 2.4 billion or around Rp 36 trillion. The piling work, which totaled nearly 18,000 piles, has been 100 percent completed, the smelter concrete concrete work is 74 percent, or 171,000 m3, the steel installation at the smelter is 48 percent, the equipment installation is 39 percent, and the port construction has reached 100 percent," he said. said Yoga accompanied by Kery Yarangga, Manager of External Communications Corporate Communications of PT Freeport Indonesia.In the same place Sari Esayanti, PTFI Superintend External Communications said, the Manyar smelter processing will be added to the processing capacity of the smelter that is already operating, namely PT Smelting with a processing capacity of 1 million tons of copper concentrate every year. And the plan is to add 300 thousand tons to the ongoing production development."Thus, after the Manyar smelter is operational, Freeport will be able to process 3 million tons of copper concentrate per year," said Santi, Sari Esayanti's nickname with Katri Kisnati, PT Freeport Indonesia's VP Communication.Yoga Ameliasari Construction Manager of the Freeport Gresik Smelter, during a socialization at the Mind media event in Surabaya, Tuesday (8/8). (Ist/doc)Katri added, the Gresik Smelter will produce cathode copper of 550 thousand tons per year. The smelter is also equipped with gold and silver purification.Furthermore, the largest single line smelter in the world is claimed to be able to absorb up to 1.7 million tonnes of copper concentrate per year. Then, the resulting copper cathode product can reach 600,000 tons per year.Not only producing a copper cathode, the smelter will also produce other by-products, starting from the products contained in the anode mud, namely 6,000 tons of pure gold and silver per year, 1.5 million tons of sulfuric acid per year, 1,000 tons of copper slag, 3 million tons per year, and 150,000 tons of gypsum per year.Later, the total smelter concentrate processing capacity in 2024 will reach 3 million dmt/year. The copper factory owned by PT Freeport Indonesia (PTFI) has absorbed 150,000 workers at the new smelter. With details as much as 98 percent are Indonesian workers and 50 percent of them are local workers from East Java which includes smelter construction workers, PMR, and the expansion of PT Smelting.Furthermore, with the combined capacities of the New Smelter and Smelting Gresik, PT Freeport Indonesia's concentrate has been processed 100 percent domestically.Image source: Kilasjatim.com/dokSource: https://kilasjatim.com/freeport-indonesia-target-akhir-desember-2023-selesaikan-pembangunan-utilitas-smelter-tembaga-di-kek-gresik/

PT Merdeka Battery Materials Tbk ( MBMA ) is exploring further downstream development of nickel, namely to the anode and cathode. GM External Affairs of PT Merdeka Battery Materials, Muhammad Toha, revealed that currently his party is collaborating with a number of partners to build anode and cathode projects in Indonesia. "But this plan is still in the stage of further discussion, hopefully it can continue our project to produce anodes and cathodes," he said in the downstream Mineral Sector Investment Opportunity webinar, Monday (14/8). That way, he hopes, the electric car battery ecosystem developed in Indonesia can be fully realized. The MBMA plan considers the consumption of nickel for electric vehicle batteries which will increase significantly in 2040. Toha stated that currently most of the nickel products are absorbed to produce stainless steel. However, in the future there will be a significant shift due to the use of electric cars. In 2040 the use of electric car batteries is very significant where their contribution can reach 30% of the world's total use of nickel. Meanwhile, in 2020, the world's absorption of nickel for the battery industry will only reach 3%. "This is what causes us to be so intense and believe that the nickel industry with HPAL technology will be very attractive in the future. The existence of electric cars will encourage MBM to become one of the suppliers of raw materials for EV batteries in the future," he explained. Toha stated, the development of the HPAL smelter is also in line with the amount of MBMA's nickel ore reserves which are still abundant. MBMA's assets are strategically located in Central Sulawesi and Southeast Sulawesi which are the raw material centers for Indonesian electric car batteries. At the Sulawesi Cahaya Minerals (SCM) mine, the mineral resources there reach 1.1 billion dmt containing 13.8 million tonnes of nickel (77% limonite) and 1 million tonnes of cobalt. With this huge composition and reserves, Toha stated, MBMA is developing an integrated processing plant that will process nickel ore reserves using Rottary Klin Electric Furnace (RKEF) and HPAL technology. Launching its presentation material, MBMA is currently developing two HPAL plants with a combined capacity of 240,000 tonnes per year of which the phase 1a plant will have a capacity of 60,000 tonnes per year. Toha said, MBMA's nickel reserves, which are mostly limonite or low grade, are a blessing in itself. This is because this limonite will contribute a lot to the development of the HPAL smelter in the future. Apart from developing HPAL, currently MBMA has operated two RKEF factories. The third RKEF factory has completed the commissioning stage and is entering the production stage. Not only that, MBMA is also developing a conversion plant where nickel pig iron (NPI) will be processed or converted into nickel matte. The purpose of this conversion is to raise the NPI nickel content from the previous 10% -12% to above 70%. "Of course there is an increase in added value by converting BOP to nickel matte," he explained. Image source: Dok/ PT Merdeka Battery Materials Tbk (MBMA)Source: https://industri.kontan.co.id/news/merdeka-battery-materials-mbma-jajaki-produksi-anoda-dan-katoda-di-indonesia

President Joko Widodo (Jokowi) again called for stopping exports of raw mineral materials from Indonesia, one of which was nickel exports since 2020."Investment for downstream nickel is growing rapidly, now there are 43 nickel processing factories which will open up huge job opportunities. This is only 1 commodity," Jokowi said in his speech at the Annual Session of the MPR RI, the Joint Session of the DPR RI - DPD RI, which was broadcast live online on Wednesday, August 16, 2023.Jokowi explained that this could be achieved with Indonesia being consistent and capable of downstreaming nickel, copper, bauxite, CPO and seaweed.The president also showed off his forecast calculations in 10 years, which show Indonesia's per capita income will reach IDR 153 million (USD 10,900)."In 15 years, our per capita income will reach Rp. 217 million (USD 15,800). And in 22 years, our per capita income will reach Rp. 331 million (USD 25,000). As a comparison, in 2022 yesterday, we were at Rp. 71 million," Jokowi detailed.This means that in 10 years the jump can be more than 2 times, where the foundations to reach it all have started, the development of infrastructure and connectivity which will ultimately increase Indonesia's competitiveness."Based on the International Institute for Management Development (IMD), our competitiveness in 2022 will increase from rank 44 to 34. This is the highest increase in the world," said Jokowi during a speech at the Annual Session of the MPR, DPR and DPD RI.Image source: Youtube DPR RISource: https://www.liputan6.com/bisnis/read/5371827/jokowi-pamer-hilirisasi-nikel-di-sidang-tahunan-43-pabrik-siap-genjot-produksi

PT Trimegah Bangun Persada Tbk ( NCKL ) confirmed that the plan to build a stainless steel smelter will be included in the NCKL pipeline project on Obi Island.The construction of the smelter is to absorb ferronickel production produced by NCKL. The smelter also aims to process ferronickel products and sell them to the domestic market."Hopefully this pipeline can run smoothly and can be executed in the not too distant future. This really takes time because the investment value is quite large,” said Roy Arman Arfandy, Main Director of NCKL in an online discussion with Stockbit Sekuritas, Friday (11/8).However, Roy did not elaborate further on the investment value of the construction of the stainless steel smelter.In terms of performance, NCKL continues to increase production capacity. Currently, NCKL is starting the process of leaning up a second smelter run by PT Halmahera Jaya Feronikel with an installed capacity of around 95,000 tons.Considering that it is still in the process of leaning up, Ray estimates that this year's total production will only be 90,000 tons, coming from Megah Surya Pertiwi (MSP) which has a production capacity of 25,000 tons and PT Halmahera Jaya Feronikel (HJF) of 65,000 tons."This is also a significant jump because ferronickel production in 2022 is only 25,000 tons coming from MSP. This year there is an additional 65,000 tons from HJF," continued Roy.So, next year, NCKL's ferronickel production will grow. This is because next year HJF will have finished the rumping up process and will reach full capacity of 95,000 tonnes. Thus, NCKL's ferronickel production capacity next year will reach 120,000 tons, which is an increase of 30% from 2023.In 2025, the third smelter run by PT Karunia Permai Sentosa (KPS) which has a capacity of 185,000 tons will operate. Thus, when KPS production reaches full capacity, NCKL's ferronickel production will reach 305,000 tons."This is a significant step that will drive our business growth because there is an increase in ferronickel production," concluded RoyLater, the ferronickel product from the third smelter is expected to be further processed for derivative products such as stainless steel.As of the first semester of 2023, NCKL's revenue increased 88.74% on an annual basis or year-on-year (YoY) to IDR 10.24 trillion in the first semester of 2023. Previously, NCKL's consolidated revenue amounted to IDR 5.42 trillion in the first semester of 2022 .The increase in revenue is in line with the increase in sales volume. The High Pressure Acid Leach (HPAL) refinery production line recorded a sales increase of 22% to 23,969 tons of nickel content.This issuer affiliated with the Harita Group also posted a 171% increase in ferronickel sales volume to 37,756 tons from the original 13,910 tons in the first half of 2022.At the same time, the increase in NCKL's revenue was also accompanied by an increase in expenses in a number of expense items. Cost of goods sold, for example, rose 177.41% yoy to IDR 6.74 trillion in the first half of 2023.The increase in expenses was also seen in selling, general and administrative expenses which rose 89.62% to Rp 752.22 billion. Financial costs rose 186.62% to IDR 285.33 billion in the first half of 2023.Thus, profit for the period attributable to owners of the parent entity, aka NCKL's net profit, fell 14.65% from IDR 3.21 trillion in the first semester of 2022 to IDR 2.74 trillion in the first semester of 2023.Image source: Dok/NCKLSource: https://industri.kontan.co.id/news/smelter-stainless-steel-masuk-dalam-pipeline-proyek-trimegah-bangun-nckl

Pyx Resources Limited (LON:PYX) (NSX:PYX), the third largest publicly listed zircon producing mining company globally by zircon resources, is pleased to announce that it has received approval to extract and process 48kt of Premium Zircon during 2023 from its second deposit - Tisma.The receipt of the Tisma RKAB - Rencana Kegiatan dan Anggaran Biaya 2023 (Work Plan and Budget) approval by the Energy and Resource Service Department from the Government of the Province of Central Kalimantan, is an important milestone in the Company's growth as it expands its ability to produce Minerals Sands from Tisma, which was acquired in January 2021.The 2023 Tisma RKAB Work Plan and Budget includes:- Mining operations- Processing and refining- Marketing and shipping- Environment- Mining safety- Training; and- Community development and empowerment.The receipt of the Budget and Work Plan go-ahead follows the February 2023 granting of an approval for subsidiary PT. Tisma Global Nusantara's (PT TGN) licence for the Tisma tenement for the maximum authorised period of 10 years.At the end of the 10 years the license can be renewed for additional periods, allowing PT TGN to continue to perform exploration and mining works in the tenement area.Background on TismaPYX Resources acquired the Tisma asset in January 2021 when it entered into a Share Purchase Agreement (SPA) with the shareholders of Tisma Development (HK) Ltd to acquire 100% of its shares.The Tisma project is a licenced concession covering an area of 1,500 hectares in Central Kalimantan, Indonesia, approximately 50km northwest from the regional capital Palangkaraya. The Company is devoted to the exploration of mineral sands products and the production and export of premium 65.5 grade zircon.The project has 137 million tonnes of JORC complaint inferred resources with 4% heavy mineral, containing approximately 4.5 million tonnes of zircon in combination with valuable by-products including gold and titanium minerals (rutile and ilmenite).The terms of the recently renewed permit includes payment of Indonesian taxes and the honouring of other financial obligations of PYX's subsidiary PT Global Nusantara.A summary of some of the key provisions includes:- Royalty on Zircon exported of 1.5%- Fixed rent is payable to the Government of Indonesia at a rate of US$4 per hectare per annum- Corporate tax of 22% is payable and set by the Government of Indonesia- Land and building taxes are payable to the local government, at a rate of 0.5% based on taxable sales value- Environmental obligations, including reclamation bonding and plans, approved by the local government as part of the mine approval process.Commenting on the receipt of approval for the Budget and Work Plan for 2023, PYX Resources' Chairman and Chief Executive Officer, Oliver B. Hasler, said:"Firstly, I want to personally thank the Energy and Resource Service Department from the Government of the Province of Central Kalimantan for their dedication and work on our Work Plan and Budget submission."Tisma is an important asset in our portfolio and its significant zircon, rutile and ilmenite reserves have the potential to significantly increase our production levels. This will in turn, have a positive effect on our earnings and export income in future years benefiting PYX stakeholders, including the local region and Indonesia as a whole."The PYX team remains dedicated and committed to playing an important role in the further development of Indonesia's resources industry and supporting the local communities financially, strategically and sustainably."About Pyx Resources Limited:PYX Resources Limited (NSX:PYX) (LON:PYX) is a global producer of premium zircon listed on the National Stock Exchange of Australia and the London Stock Exchange. The Company's flagship asset is the Mandiri mineral sands deposit, located in the alluvium sediment rich region of Central Kalimantan, Indonesia. Boasting the world's 5th largest producing deposit of zircon, PYX is a large-scale, near-surface open pit operation in production since 2015 and with exploration to date validating the presence of additional Valuable Heavy Minerals such as rutile, ilmenite among others within its mineral sands.Image source: https://pyxresources.com/Source: https://www.marketscreener.com/quote/stock/PYX-RESOURCES-LIMITED-120976305/news/Pyx-Resources-Limited-Approval-for-Tisma-s-Yearly-Extraction-Processing-44612396/

Coal mining company Sumber Global Energy (SGER) announced on Monday that it has been awarded a contract to provide Vietnam Oil and Gas Group with 2.5 million tons of coal over the course of one year.The supplied coal is designated for use by the Song Hau Power Plant located in Mai Dam town within Hau Giang province."We are pleased to welcome this coal supply agreement, which stands as a testament to SGER's reliability. We have been entrusted with the task of supplying coal to one of Vietnam's most important power plants," Sumber Global CEO Welly Thomas said in a statement.According to the terms of the agreement, Sumber Global will furnish coal with a gross calorific value of 5,743 kcal per kilogram.In the current year, the deliveries will be conducted in three installments, comprising 300,000 tons, 500,000 tons, and 600,000 tons of coal, respectively. The remaining supply, scheduled until August of the subsequent year, will be dispensed in two stages, totaling 700,000 tons and 400,000 tons.This marks the second coal supply agreement that Sumber Global has reached with a Vietnamese company within the span of a week. On August 9, the company inked a deal to provide Vosco Maritime Service (VOMASER) with 840,000 tons of coal valued at $60.63 million.Welly expressed Sumber Global's ongoing commitment to exploring new markets through participation in coal supply tenders in countries such as Sri Lanka, Bangladesh, and the Philippines. Meanwhile, the company remains dedicated to fulfilling existing coal supply commitments with its customers in China and India.Image source: HandoutSource: https://jakartaglobe.id/business/sumber-global-energy-secures-187-million-coal-supply-contract-from-vietnam

PT Indo Tambangraya Megah Tbk. (ITMG) recorded a decrease in net profit to IDR 4.61 trillion in the first half of 2023, in line with the correction in revenue.ITMG's revenue in semester I/2023 reached US$1.29 billion or the equivalent of Rp.19.51 trillion (estimated exchange rate of Rp.15,026 per US dollar). This revenue is lower than in semester I/2022 which penetrated US$1.42 billion or around Rp.21.15 trillion.This net income was obtained from a subsidiary of PT Indominco Mandiri (IMM) of US$412.30 million, down 9.64 percent compared to the first half of 2022 which reached US$456.30 million. Meanwhile, PT Trubaindo Coal Mining (TCM) contributed US$345.53 million, down 24.21 percent compared to semester I/2022 of US$455.92 million.Based on market segment, sales to Taiwan, China, Hong Kong and Korea were the biggest contributors with a value of US$452.79 million. Then the Southeast Asian market contributed US$377.20 million, Japan US$231.90 million and the domestic market US$205.53 million. ITMG also recorded exports to the European market with a value of US$31.74 million from US$0 in the first half of 2022.The increase in ITMG's revenue also contributed to an increase in cost of revenue by 25.07 year-on-year (YoY) to US$840.94 million from US$672.38 million.This increase in cost of revenue made ITMG's gross profit eroded 38.83 percent to US$458.24 million from US$749.16 million.As a result, profit for the year attributable to owners of the parent entity or ITMG's net profit fell 33.42% YoY from US$460.68 million in the first semester of 2022 to US$306.70 million or Rp.4.61 trillion in the first semester of 2023.ITMG previously targeted sales volume this year to reach 21.5 million-22.5 million tonnes or double-digit growth from the realization in 2022. The company is also targeting export expansion to the European market this year.Image source: itmg.co.idSource: https://market.bisnis.com/read/20230813/192/1684291/emiten-batu-bara-itmg-raih-laba-rp46-triliun-semester-i2023

PT Harum Energy Tbk (HRUM) reported the absorption of a total capital expenditure alias capital expenditure of US$ 12.9 million in the first six months of 2023. This capex is used for a number of HRUM subsidiary needs, namely the addition of mining properties at PT Mahakam Sumber Jaya, PT Karya Usaha Pertiwi, and PT Tanito Harum NickelCapex is also used for the cost of maintaining the barge fleet owned by PT Layar Lintas Jaya as well as the purchase of vehicles and heavy equipment.HRUM Main Director Ray Antonio Gunara said, his party still maintains the estimated capital expenditure budget for 2023, which is around US$ 52 million. Most of the capex will be used for the construction of infrastructure and production facilities in the nickel mining area. "While the rest is for additional coal mining properties, purchase of vehicles, purchase of heavy equipment and maintenance of tugboats and barges," Ray told Kontan.co.id, Wednesday (2/8).HRUM decided to raise its coal production target this year in line with the high operational performance throughout the first half of 2023.The issuer owned by tycoon Kiki Barki revised HRUM's coal production for 2023 to 6 million tons, or around 20% higher than the previous year. Previously, HRUM had set a production target of 5.5 million tonnes by the end of 2023.As an illustration, HRUM managed to produce 3.5 million tons of coal during the first six months of 2023. This amount is equivalent to a 49.1% increase from actual production in the same period the previous year which was only 2.3 million tons.Thus, as of the first half of 2023, HRUM has met 58.3% of the set production target.Meanwhile in the nickel segment, the second HRUM smelter, owned by its associated company, PT Westrong Metal Industry (WMI), is currently in the final stages of construction.As previously announced, WMI will have four rotary kiln electric furnace (RKEF) smelter lines designed to produce up to 56,000 tons of nickel metal annually in the form of high-grade nickel pig iron (NPI) and matte nickel.By June 2023, civil construction progress at WMI had reached nearly 90%, and the smelter is expected to start commercial production in stages from the fourth quarter of 2023.This will support the sustainable growth of HRUM's nickel production going forward. With the flexibility to produce high grade matte nickel, WMI expects to generate stronger margins than low grade NPI production.Image source: Dok/HRUMSource: https://stocksetup.kontan.co.id/news/hingga-semester-i-harum-energy-hrum-sudah-serap-capex-us-129-juta

The government plans to boost national coal production this year.The Ministry of Energy and Mineral Resources (ESDM) ensures that a number of coal companies are submitting revised Work Plans and Budgets (RKAB) entering the second half of 2023.Executive Director of the Indonesian Coal Mining Association (APBI) Hendra Sinadia revealed, with production trends throughout the first semester of 2023, there is potential for increased production to occur for the remainder of this year."The average production in the first semester of 2023 is 61 million tons per month. If this trend continues in the second semester of 2023, it is likely that the total production will be more than 700 million tons," Hendra, Wednesday (9/8).Hendra added, generally the composition of coal demand in the second half of 2023 will still be the same for both the domestic and export markets.However, a number of things deserve the attention of the government in order to boost coal production in the remainder of this year.Hendra explained, the smooth production of coal will be affected by price fluctuations. In addition, coal companies are also facing the challenge of increasing operating expenses.According to him, there are a number of conditions that have the potential to hamper this year's production increase plan."The disparity between the Reference Coal Price (HBA) and the selling price affects the company's profitability," explained Hendra.The policy of depositing Foreign Exchange Export Proceeds from Natural Resources (DHE SDA) by the government is considered to have the potential to add to the burden on business actors. Furthermore, the coal channel collection scheme through Government Agency Partners (MIP) will also be a factor affecting smooth production."In the midst of the government's efforts to encourage increased productivity, on the other hand, companies are burdened due to the downward trend in prices and government policies are increasingly burdensome for businesses," said Hendra.On the other hand, a number of coal companies experienced an increase in production in the first semester of 2023. However, a number of coal companies chose to maintain their production targets for the rest of this year.PT Golden Energy Mines Tbk (GEMS) Corporate Secretary Sudin Sudiman said that until now the company has not changed its production target.However, production increases did occur for the first six months of this year."Until now we have no plans to revise the RKAB. Production in the first semester of 2023 is 20.4 million tons," Sudin told Kontan.co.id, Wednesday (9/8).Sudin explained, the production achievement increased 16% year on year (yoy) compared to the same period in the previous year. The achievements in the first semester of 2023 are still in accordance with the company's target.It was noted that this year GEMS targets coal production of 40 million tons with sales of around 41 million tons. Director of PT ABM Investama Tbk (ABMM) Adrian Erlangga explained, so far the company's production target has not changed."We have no plans to revise the RKAB. (But) the operational performance in the first half of 2023 is better," Adrian told Kontan, Wednesday (9/8).Adrian revealed that the operational performance which was better than last year also had a positive impact on the company's financial performance in the first half of this year.Likewise, Director and Corporate Secretary of PT Bumi Resources Tbk (BUMI) Dileep Srivastava emphasized that the company will still survive with a production target of around 75 million tons to 80 million tons."There has been no change to the production target, it is still in accordance with the current RKAB target," explained Dileep, Wednesday (9/8).It was recorded that BUMI's coal production in the first semester of 2023 reached 35.4 million tons, an increase of 2% yoy compared to the same period the previous year of 34.5 million tons.Referring to Minerba One Data Indonesia (MODI), coal production until August 8 2023 reached 433.51 million tonnes or 62.42% of the planned production of 694.50 million tonnes.Of this amount, coal sales for the export market reached 160.32 million tonnes or 34.85% of the total export plan this year of 460 million tonnes. Furthermore, the realization of coal supply for the domestic market or the Domestic Market Obligation (DMO) reached 71.06 million tons or the equivalent of 40.19% of this year's DMO target of 176.80 million tons.Image source: ANTARA FOTO/NOVA WAHYUDISource: https://newssetup.kontan.co.id/news/produksi-batubara-bisa-capai-700-juta-ton-di-tahun-2023

PT United Tractors Tbk ( UNTR ) succeeded in absorbing capital expenditure ( capex) of US$ 600 million or the equivalent of Rp. 9 trillion during the first half of 2023. This realization is equivalent to 50% of the capex budgeted this year, namely US$ 1. 2 billion.UNTR Corporate Secretary Sara K. Loebis said, the capex was used to purchase heavy equipment for the mining contractor business line."Hopefully the rest will be absorbed according to plan," Sara told Kontan.co.id, Monday (7/8). However, Sara admits that she does not yet have views and estimates regarding the capex allocation for next year.Meanwhile, the UNTR mining contractor business line recorded excellent performance for the first six months of 2023. In the mining contractor segment run by PT Pamapersada Nusantara (Pama), UNTR posted net income of IDR 24.3 trillion, an increase of 22% compared to the same period in 2022 .The increase in Pama's financial performance was in line with the increase in coal production volume by 18% from 50 million tons to 59 million tons and the volume of overburden removal work by 20% from 437 million bank cubic meters (bcm) to 524 million bcm.The UNTR business unit in the coal mining sector which is run by PT Tuah Turangga Agung (TTA) also posted a revenue increase of 8% year -on-year (YoY) to IDR 20.1 trillion. This increase was in line with the increase in total coal sales by 11% to 6.4 million tonnes, including sales of 1.3 million tonnes of metallurgical coal.Meanwhile, the revenue of the construction machinery business unit until the first semester of 2023 amounted to IDR 20.3 trillion, an increase of 16% compared to the first semester of 2022 which amounted to IDR 17.4 trillion. As of June 2023, Komatsu heavy equipment sales volume was recorded at 3,145 units, up 9% compared to sales in the same period in 2022 of 2,873 units.If accumulated, UNTR posted a consolidated net income of IDR 68.7 trillion during the first semester of 2023. This realization increased by 14% when compared to the same period in 2022.Image source: Dok/PT United Tractors TbkSource: https://investasi.kontan.co.id/news/united-tractors-untr-telah-menyerap-50-alokasi-capex-tahun-ini