PT Merdeka Copper Gold Tbk ( MDKA ) reported that it had paid off the principal and the 12th interest payment of the Merdeka Copper Gold Phase I 2020 Series B Sustainable Bonds. This payment was made by MDKA on Sunday (30/7).The number of bonds that mature on July 30 2023 consists of a principal of IDR 726.35 Billion and interest on the 12 bonds of around IDR 19.06 Billion. Thus, the total principal repayments and interest payments for the 12 bonds is IDR 745.41 BillionThe funding source used by MDKA to make this payment comes from internal cash.With this settlement, all of MDKA's obligations on the bonds have ended. "Furthermore, there is no other material impact on the repayment of the principal and interest of the 12 bonds on operational activities, law, financial condition, or business continuity of Merdeka Copper Gold," wrote Merdeka Copper Gold Corporate Secretary Adi Adriansyah in an information disclosure on the Indonesia Stock Exchange's website. , Tuesday (1/8).Image source: KONTAN/Carolus Agus WaluyoSource: https://investasi.kontan.co.id/news/merdeka-copper-gold-mdka-lunasi-obligasi-dan-bunga-senilai-rp-74541-miliar

PT Trimegah Bangun Persada Tbk will continue its expansion. NCKL is building a second High Pressure Acid Leach (HPAL) refinery facility through its subsidiary, PT Obi Nickel Cobalt (ONC).According to the plan, the facility is targeted to have 3 production lines with a production capacity of 65,000 tons of mixed hydroxide precipitate (MHP) nickel per year and is expected to start operating in the first half of 2024. On another expansion agenda, NCKL is also planning further expansion for the Rotary Kiln Electric Furnace (RKEF) production line through an associated entity, namely PT Karunia Permai Sentosa (KPS). The plan is for the facility to have 12 production lines with a production capacity of 185,000 tonnes of nickel content per year (ferronickel) and is expected to operate in stages starting in the second half of 2025. "The company is also in the planning stage of a stainless steel project where some of the ferronickel produced by the Company and its subsidiaries in the RKEF sector will be further processed to produce stainless steel products," said  NCKL Corporate Secretary , Franssoka in a written statement, Wednesday ( 2/8).NCKL is indeed keen on factory expansion. In May 2023, for example, NCKL through an associated entity, namely PT Halmahera Persada Lygend (HPL), had just inaugurated the operation of a nickel sulfate factory at the end of May 2023. The factory with a design installed production capacity of 240 thousand tons of nickel sulfate per year is in the Harita Nickel operational area on Obi Island, South Halmahera Regency, North Maluku Province.According to Kontan.co.id records, HPL's cobalt sulfate production capacity is planned to reach 30,000 tons per year. It is not yet known how much investment is required for the HPAL ONC and RKEF KPS expansion projects. Taking a peek at the company's interim financial reports, NCKL has End of Period Cash and Bank of IDR 6.01 trillion as of June 30, 2023. This amount increased by 371.34% compared to the Cash and Bank position at the Beginning of the Period which amounted to Rp 1.27 trillion.Meanwhile, NCKL's total assets were Rp. 42.32 trillion as of June 30, 2023. This amount consisted of Rp. 24.58 trillion in equity and Rp. 17.73 trillion in liabilities. So, according to Kontan.co.id's rough calculation, the position of the NCKL debt-to-equity ratio (DER) is in the position of 0.72x as of June 30, 2023.Image source: DOK/NCKLSource: https://newssetup.kontan.co.id/news/trimegah-bangun-persada-nckl-bakal-lanjutkan-ekspansi-pabrik-nikel

PT Dana Brata Luhur Tbk (TEBE) is optimistic that it can carve a brilliant performance in 2023. This will be supported, among other things, by the demand for coal which is expected to remain strong this year, due to the country's rapid economic growth. requires coal such as China, India and Europe is quite high.Main Director of TEBE, Dian Heryandi said, the company targets this year's revenue to grow by around 10% to 15%. "Revenue growth will be driven by, one of the reasons, this year's coal transport volume is targeted at 12 metric tons (MT) or an increase from the previous year which was only 10 million MT," he said in Jakarta, Thursday (3/8).To achieve this target, Chief Financial Officer (CFO) Dana Brata Luhur Yudo Wijayanto added, the company has budgeted capital expenditure (capex) of IDR 19 billion this year and currently, the company's realized capital expenditure has reached 95% of the budgeted . "We have allocated part of the funds to upgrade the conveyor line-4," he said.He conveyed, previously not using a conveyor now using a conveyor with a capacity of 2,000 MT per hour. This is expected to be the backbone of the company which will be able to increase TEBE revenue. Then the funds are also used for the addition of stockpile land and the addition of a fleet or trucks.Yudo also said that the company had held an extraordinary general meeting of shareholders (GMS). The approved agenda is a change in management, namely a reshuffle in the TEBE board of commissioners. In this case, Samsul Hidayat officially resigned from his position as Independent Commissioner at TEBE. "Mr. Samsul Hidayat has been appointed to be the Managing Director of PT Kustodian Sentral Efek Indonesia (KSEI). So based on the Exchange rules, we have to appoint a replacement. In this case, Mr. Uriep Budi Prasetyo. Coincidentally, Mr. Uriep is also the Ex-Director of KSEI," he concluded.Previously, the company saw the prospect of coal commodities going down slightly. The price of this energy commodity is also projected to decline from last year. This condition will certainly affect the performance of TEBE. However, the company remains optimistic about its financial performance. It was stated, this year's TEBE revenue projection is at IDR 850 billion, up 8.72% from last year's realized revenue. Meanwhile, net profit is expected to reach Rp 360 billion, up 10.61% from last year's realization.In addition, the company also stated that China's coal consumption is expected to increase in 2023. Likewise, demand from India. This is driven by the demand for electricity and the demand in the industrial sector which is still quite high from the country. Meanwhile, European coal demand remains uncertain, given the still volatile situation regarding Russian gas flows.Thus, this still provides a sizable opportunity for Indonesia, in this case the coal mining industry, to increase the faucet of coal exports to the country.Image source: KONTAN/Akhmad SuryahadiSource: https://www.neraca.co.id/article/183912/permintaan-batu-bara-masih-tinggi-dana-brata-luhur-optimis-pendapatan-tumbuh-15

In less than two weeks listed on Indonesia Stock Exchange (IDX), PT Mandiri Herindo Adiperkasa Tbk ( MAHA ) immediately stepped on the gas to boost performance. MAHA has signed a contract extension for coal hauling services worth IDR 1.2 trillion from PT Kideco Jaya Agung (KJA).KJA is a coal producer subsidiary of PT Indika Energy Tbk ( INDY ). This contract extension covers transportation services with a total target of 35 million tons of coal for 5 years (2023 – 2027). Meanwhile, Mandiri Services is one of the largest mining transportation service providers in Indonesia.Main Director of MAHA Yenny Hamidah Koean revealed that MAHA's partnership with KJA had lasted for 24 years, starting from the first contract in 2000. Yenny also expressed her appreciation to the President Director of KJA, M. Kurnia Ariawan, for the continuation of this collaboration."Mandiri Services is trying to maintain the stability of KJA's operations by achieving the target of transporting coal safely and securely. We will ensure that the partnership that has been established so far is always good and long-lasting, so that it can benefit both parties," said Yenny in a release received by Kontan.co .id, Thursday (3/8).Yenny said that extending the contract period for coal hauling services was one of MAHA's efforts to build a sustainable business. As for 2023, MAHA has set a guidance volume for transportation of 7 million tonnes of coal.Apart from KJA, MAHA has also collaborated with one of INDY's subsidiaries, namely PT Multi Tambangjaya Utama ( MUTU ) through a coal transport contract in the Ampah area, South Barito since 2018.As a reminder, MAHA officially took the floor on the IDX on July 25 2023. MAHA's share price has skyrocketed from the offering price of IDR 118 per share. In today's trading (3/8), MAHA strengthened 7.30% to a price level of Rp 294 per share.Image source: https://mha.co.id/Source: https://investasi.kontan.co.id/news/mandiri-herindo-maha-raih-kontrak-rp-12-triliun-angkut-batubara-anak-usaha-indika

PT Golden Energy Mines Tbk (GEMS) received a US$180 million loan facility or around Rp2.73 trillion from Bank Mandiri.As quoted from the stock exchange's disclosure, the Corporate Secretary of Golden Energy Mines, Sudin, explained that the loan was obtained on July 31. Later, the Sinar Mas Group's coal issuers will use it for various general corporate purposes that will support operational growth."The term of this facility is 5 years," he said, quoted by Fortune Indonesia, Thursday (3/8).In detail, these general objectives include, but are not limited to: refinancing old facilities at Bank Mandiri; financing capital expenditure ( capital expenditure ); operating expenditure financing ; financing costs incurred on syndicated credit agreements; as well as financing the company's operational working capital.Golden Energy is also optimistic that the loan will strengthen financial conditions and have a positive impact on the company's business continuity.Loan typeApart from GEMS, this loan will also be distributed to PT Borneo Indobara, PT Kuasing Inti Makmur, PT Barasentosa Lestarai and PT Roindhill Capital Indonesia—all of which are direct and indirect subsidiaries.The loan facility in question is of the type of term loan consisting of tranche A-term loans  and tranche B-term revolving loans with respective loan limits of up to US$50 million and US$110 million. As for the accordion facility, which allows debtors to increase the ceiling limit or add a term loan, a maximum of US$20 million."The company and its subsidiaries will carry out collateral binding after obtaining the necessary GMS approval in accordance with the applicable laws and statutes," said the statement.Image source: ANTARA PHOTO/BAYU PRATAMA S/WSJSource: https://www.fortuneidn.com/business/friana/golden-energy-gems-dapat-pinjaman-rp2-73-triliun-dari-mandiri

Nickel Industries Ltd has announced that the haul road linking its 80% owned Hengjaya Mine to the Indonesian Morowali Industrial Park (IMIP) in central Sulawesi has been completed, including the construction of a 70 m double lane bridge with public road underpass near the entrance of the IMIP. The company is ready to commence the haulage of nickel laterite ore from the company’s mining operation directly to the IMIP.With the haul road complete and haulage and maintenance contracts now awarded, the company expects to commence the trucking of first ore down this road this month. The completion of the haul road represents a landmark development in the history of the company’s mining operations and will allow the mine to rapidly increase total ore sales from current levels of approximately 3.5 million tpy to a targeted 10 million tpy, a run rate which is expected to be achieved by the end of 2023.The company currently has in excess of 8 million t of limonite ore stockpiled that can now be progressively sold into the IMIP’s two existing HPAL projects – the Huayue Nickel Cobalt Project (HNC, in which the company has recently acquired a 10% equity interest) and the QMB New Energy Project.An official ceremony to mark the opening of the haul road was held on Thursday 3 August 2023, and was attended by senior Nickel Industries executives; including Deputy Chairman Norman Seckold, Managing Director Justin Werner and Director James Crombie, in addition to Tsingshan Chairman Xiang Guangda, Shanghai Decent Chairman and Nickel Industries Director Huang Weifeng, and Eternal Tsingshan Chairman and Nickel Industries Director Xiang Binghe.Commenting on the completion of the Hengjaya Mine to IMIP haul road, Justin Werner, Nickel Industries Managing Director, said:“After several years of hard work, we are delighted to have now completed this transformational piece of mine infrastructure that will enable the Hengjaya Mine to leverage the full strategic benefits of its proximity to the IMIP and see it become the largest single supplier of ore to the industrial park. With jetty capacity and barge availability having been a constraint to selling larger volumes of ore, the completion of this haul road is a game-changer for our mining operations. With haulage and road maintenance contracts now finalised, we look forward to commencing the trucking of ore down this road with the aim of achieving a targeted run rate of 10 million tpy of ore sold by the end of 2023. With the mine having made US$52 million in EBITDA from selling 3.5 million t of ore last year, the ability to increase sales volumes beyond 10 million tpy is set to see Hengjaya Mine deliver a significantly increased financial contribution to our overall group result moving forward. At a cost of approximately US$17 million the increased production and financial contribution will represent an attractive return on investment for the company and its shareholders.“Finally, I would like to acknowledge our Chief Operating Officer, Tony Green, and our dedicated team of employees and contractors that have worked diligently to deliver this project. Their efforts are greatly appreciated and we now look forward to seeing this haul road deliver long term benefits to the company’s operations.”Image source: https://nickelindustries.com/Source: https://www.globalminingreview.com/mining/08082023/nickel-industries-completes-hengjaya-to-imip-haul-road/

The Ministry of Energy and Mineral Resources (ESDM) is targeting an increase in national coal production entering the second half of 2023.Director of Coal Business Development at the Directorate General of Minerals and Coal at the Ministry of Energy and Mineral Resources, Lana Saria, said that coal production activities throughout the first half of 2023 ran smoothly."It is possible that there will be plans to increase production considering that currently many coal companies are proposing to increase production," Lana told Kontan, Monday (7/8).Lana explained, based on the evaluation carried out, there were no significant challenges for production activities in the first half of 2023.According to him, many companies holding Coal Mining Business Work Agreements (PKP2B), Special Mining Business Permits (IUPK) to Production Operation Mining Business Permits (IUP OP) are proposing to increase production through the mechanism for changing the 2023 Work Plan and Budget.As production activities run smoothly, Lana ensures that the commitment to fulfill coal for the domestic sector or the Domestic Market Obligation (DMO) runs smoothly. It was recorded that the realization of coal production for the period January - July 2023 reached 369.17 million tons or 53.16% of the planned coal production of 694.50 million tons.Meanwhile, until the June 2023 period, the realization of coal exports was 249.03 million tons and DMO was 97.17 million tons. "Until now the commitment to fulfilling the DMO is still running smoothly. This is proven by the fact that until now there have been no reports of shortages of coal stock by domestic end users ," explained Lana.Lana added, mining companies had also fulfilled their DMO obligations in accordance with the DMO assignment letter given by the Directorate General of Mineral and Coal of the Ministry of Energy and Mineral Resources.Previously, the Executive Director of the Indonesian Coal Mining Association (APBI) Hendra Sinadia explained that the commitment of member companies in supplying coal to the country was going well.So far the company's commitment is good, PLN's generator operation day (HOP) is reportedly also within safe limits," explained Hendra to Kontan, recently.Image source: KONTAN/MuradiSource: https://industri.kontan.co.id/news/kementerian-esdm-berencana-tingkatkan-produksi-batubara-nasional-tahun-ini

PT Adaro Minerals Indonesia Tbk. (ADMR), recorded operational performance growth in semester I/2023.Christian Ariano Rachmat, President Director and CEO of ADMR, said that ADMR's coal production volume in the first half of 2023 reached 2.54 million tons, up 66 percent from the previous 1.53 million tons in the first half of 2022. Sales volume reached 1.82 million tons, up 42 percent from the previous 1.28 million tons.All production in this period came from PT Maruwai Coal, which produces hard coking coal with very low ash, low phosphorus and high vitrinite content."The increase in production and sales volume in semester I/2023 reflects market recognition and acceptance of our quality products and is supported by solid operational aspects. We are ready to achieve the 2023 guidelines and execute projects, both for metallurgical coal and aluminum smelters," he explained in an official statement, Tuesday (8/8/2023)Overburden removal reached 7.55 million bank cubic meters (Mbcm) in the first half of 2023, up 116 percent from the first half of 2022 of 3.50 Mbcm, resulting in a strip ratio of 2.97 times, or up 30 percent from the previous . Good contractor performance and favorable weather conditions encouraged an increase in overburden removal volume during this period.According to Christian, Japan is the biggest market for ADMR with a contribution of 35 percent, followed by India 28 percent and China 20 percent. The company plans to expand its customer base by entering other key markets.ADMR continues to invest in facilities and infrastructure with good progress in efforts to improve hauling roads , as well as improve fuel storage facilities and employee accommodation in the Tuhup Port area.ADMR has started the tender process to select the main contractor for the construction of the second barge loading conveyor at Tuhup Port. This expansion will increase barge loading capacity, enabling the company to take advantage of favorable weather conditions (water depth).Furthermore, the company is conducting a tender for contractors who will handle the expansion of accommodation in Lampunut to accommodate additional workers to support plans to increase coal production to 6 million tons per year.Smelters ProjectThrough PT Kalimantan Aluminum Industry (KAI), ADMR is actively developing opportunities in the mineral sector, with a focus on downstream mineral processing. This business is leading the transformation of the Adaro Group to support a green economy.In May 2023, KAI received financing of US$981.4 million and Rp1.54 trillion for the construction of an aluminum smelter with a capacity of 500,000 tons per year in an industrial area being developed by PT Kalimantan Industrial Park Indonesia.In the second quarter of 2023, KAI completed land preparation, earthworks and temporary jetty construction and continued construction of other infrastructure-related facilities."Currently we are dedicating focus and efforts on construction activities in order to realize COD in 2025," explained Christian.Image source: ADMRSource: https://market.bisnis.com/read/20230808/192/1682557/adaro-minerals-admr-catat-produksi-batu-bara-naik-66-persen-semester-i2023

PT Black Diamond Resources Tbk (COAL), a public company in the coal mining sector, through its subsidiary PT Dayak Pembangunan Pratama (DMP) has operated its operational digital transformation or reached the GoLive phase in implementing RISE with SAP S/4HANA Cloud the result of collaboration with SAP Indonesia with PT Trimitra Sistem Solusindo or TMS Consulting as an implementation partner.The RISE Go-Live Ceremony with SAP S/4HANA Cloud Implementation was held on July 18, 2023 and was attended by the Main Director of BDR, Donny Janson Manua and all BDR Directors, Edward Manurung, Muhammad Noval Zindann, and Yogi Adrian, and DMP Director, Jeffry Tong. Go-Live was also attended by Industry Account Executive SAP Indonesia, Lili Hartono, COO of TMS Consulting, Dery Hananto, and TMS Consulting Project Manager, Susi Haryani.Black Diamond Resources (BDR) responds optimistically to business challenges operationally by adopting digital transformation in mining operational processes which have so far been carried out manually, and are still held by each person in charge and not yet integrated. Digital business operational transformation with SAP through implementation partner TMS Consulting is carried out as a practice of implementing a sustainable business through integrated accuracy, efficiency and documentation.BDR chose to use SAP as the preferred Enterprise Resource Planning (ERP) system due to the need for process integration and reports from each division so that departments that need data can access it in display form. TMS Consulting Project Manager Susi Haryani explained that for this reason, her party created a production planning module report that helps record production units to be more efficient.Then, the KPI report for the maintenance plan module which doesn't need manual input, but can be taken directly from the KPI report. Also, the solution for determining the price per pit of the controlling module which is automatically taken from the cost center report and production costs in each pit. "So, the division of jobdesc which was still overlapping, has now been arranged with job roles in SAP which are also authorized," he said. The collaboration between SAP through TMS Consulting and BDR began in December 2022, followed by a Kick-off Ceremony in January 2023, and running according to the timeline target, namely reaching the Go-Live stage in July 2023.The scope of the collaboration between PT Black Diamond Resources Tbk and TMS Consulting includes a blueprint phase workshop to see the flow of transactions at BDR. Then, do user testing of the SAP implementation from the blueprint phase to key users who are responsible for business processes. Up to the implementation of SAP testing to end users with assistance from consultants.As well as increasing master data and transactions in the pre-Go-Live market. The Company's President Director, Donny Janson Manua expressed his appreciation to all parties who supported the continuation of this collaboration up to the Go-Live phase."We hope that with this digital transformation, we can achieve optimal and maximum growth goals in line with contributing to building a positive business both internally and for all company stakeholders," he said.Andreas Diantoro, President Director of SAP Indonesia, said, "By adopting cloud technology, BDR is improving efficiency in its operational processes and preparing its business for the future. Our RISE with SAP solution will enable BDR to achieve seamless integration across divisions, providing access instant access for departments to important data.This will help BDR grow optimally, make a positive contribution to the business, and enrich the lives of all stakeholders involved. TMS Consulting was chosen to be the implementation partner for this digital transformation because it has experience with mining sector customers and has a mining package that suits the operational needs of the mining sector.Chief Operating Officer of TMS Consulting, Dery Hananto said "Congratulations to BDR for their achievement. With this Go-Live project, the starting point of BDR's digital journey begins. Enjoy the journey, Enjoy the transformation.Image source: COALSource: https://www.emitennews.com/news/black-diamond-coal-gandeng-sap-untuk-digitalisasi-operasionalnya

PT Kapuas Prima Coal Tbk. (ZINC) submitted exploration activities in June 2023 carried out by PT. Bintang Utama Sejahtera and PT. Sinar Serasi Anugerah.Hendra Susanto, Director of ZINC, in his written statement on Tuesday (11/7) said that the exploration area was carried out in the Gojo, Ruwai, Gossan and Tujulapan Prospects at a cost of IDR 3.40 billion.This exploration has shown positive results that can increase resources and also the presence of sulfide mineral anomalies that need to be further drilled. The next plan is to continue exploration and carry out further analysis of the interpretation of IP Geophysics data.In his narrative, Hendra added that further analysis was carried out on the results of the geochemical soil sampling test.Image source: ZINCSource: https://www.emitennews.com/news/lanjutkan-eksplorasi-kapuas-prima-coal-zinc-hanya-habiskan-dana-rp34-m