The Ministry of Manpower issued a survey entitled "Employment in Data." The survey released in 2021 shows that the number of female workers in the mining sector is only 10,727 while there are 168,711 men.In addition to the number of workers, there is an imbalance in the average wages received by male and female mining workers. Female workers only receive wages of IDR 4,159,846, while male workers IDR 4,297,820.Meanwhile, the Central Statistics Agency (BPS) stated that the number of male workers in the mining sector reached 1.28 million, while only 115,000 women worked.To support and motivate women working in the mining industry, PT ABM Investama (ABM) together with its subsidiary PT Cipta Krida Bahari (CKB Group) participated in the Indonesia Miner Exhibition in partnership with Woman in Mining & Energy ( WIME ) with the theme " Shaping the Future Mining .”ABM Group describes the opportunities in the mining sector for the involvement of Indonesian women in realizing energy downstream and transition to achieve Net Zero Emissions (NZE) in 2060.“The fact is that mining is still considered a male-dominated field to this day, so that mining work is synonymous with physical strength and hard work situations. This inequality is what makes ABM Group prove that Indonesian women have intelligence and great potential in advancing this sector," said ABM Main Director, Andi Djajanegara, on the sidelines of the event, Friday (9/6/2023).Overcoming this challenge, continued Andi, requires collaborative efforts from all parties, implementing gender equality, increasing access to education and training, creating a safe work environment for women, as well as having policies that support the balance of work and personal life for Indonesian women.The development that has been carried out within the ABM Group, namely holding talent and leadership programs for women, including Coaching and Mentoring; holding volunteer activities that focus on women, such as women and financial literacy and others.“It needs to be underlined that the company provides special training and development that can increase women's skills and knowledge of the mining industry. This training includes skills, technical training, project management and communication skills that help Indonesian women increase their career opportunities," he concluded.Meanwhile, CKB Group Chief Executive Officer, Iman Sjafei added, CKB Group's involvement in Indonesia Miner was the company's move to encourage Indonesian women to develop their creativity and abilities. This is because women have the potential to play a role in developing environmental, social and governance (ESG) strategies to achieve business sustainability.To raise awareness while promoting gender equality, Iman hopes that in the future mining companies can work with external organizations and institutions that focus on empowering women. This aims to strengthen the spirit of pursuing Indonesian women's ambitions and careers.Also attending the event was Director of CKB Group Ety Puspitasari, and Division Head of Corporate Communication & CSR of PT ABM Investama Tbk, Emilia Katrina Sitompul. Both of them provided material about Acknowledge Extensive Opportunities for Woman Indonesian Mining.Source: https://padek.jawapos.com/bisnis/10/06/2023/keterlibatan-perempuan-di-sektor-energi-dalam-mencapai-net-zero-emission/

An consortium of companies, including mining giant Glencore, is planning to invest $9bn into mining and electric vehicle (EV) battery production in Indonesia, the country’s minister for investment Bahlil Lahadalia told reporters this week. The mineral-rich nation is increasingly attracting interest as demand for energy transition minerals mounts.The funds will be in part dedicated to an industrial park in the Bantaeng region on Sulawesi Island that will be powered by wind energy, the minister said. The park is due for completion in September. Lahadalia did not give a complete breakdown of how the $9bn would be spent.Indonesia is the world’s largest nickel producer, accounting for 39% of global production, according to Mining Technology’s parent company GlobalData. The country’s nickel production increased from almost zero in 2013 to 862 kilotonnes (kt) per year in 2021, its analysis shows.Since 2020, Indonesia has banned the export of nickel ore, in a bid to win downstream investment and retain the resource for its own use.The country is looking to develop its downstream industries, including the production of EV batteries and cars for major vehicle producers.Consortium membersLahadalia said that the British consortium includes mining giant Glencore. According to GlobalData, in 2021 Glencore was the fourth largest nickel producer in the world accounting for 102.3kt of nickel production.Earlier this year Glencore reported a 60% profit increase. The firm’s adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) rose to $34.06bn in 2022 from $21.32bn in 2021.However, Glencore has yet to confirm it plans to invest in Indonesia. Glencore told Reuters that it “does not comment on rumours”.Indonesian state miner Aneka Tambang, materials company Umicore and energy company Envision Group are also a part of the consortium, Lahadalia said. They too did did not respond to Mining Technology’s request for comment.“The investment is about $9bn if it is according to plans. If we can speed it up, we’ll do it,” Balil told reporters.Source: https://www.mining-technology.com/news/uk-consortium-to-invest-9bn-in-indonesias-mining-and-ev-industry/

An Astra Group entity in the mining and energy business, PT United Tractors Tbk. (UNTR) prepared funds  to acquire nickel mining company shares  of around IDR 9.38 trillion from internal cash. UNTR is also eyeing revenue growth from the nickel business after the acquisition.UNTR targets the acquisition of 19.99 percent of Nickel Industries Limited's shares worth A$943 million or around IDR 9.38 trillion to be completed in the third quarter of 2023.UNTR through its wholly-owned subsidiary, PT Danusa Tambang Nusantara, announced the signing of the Share Subscription Agreement (SSA) today, Friday (9/6/2023).The agreement is to take a 19.99 percent stake in Nickel Industries Limited (NIC). NIC is a listed company on the Australian Securities Exchange Ltd.NIC is an integrated nickel mining and processing company with main assets located within or close to the Indonesia Morowali Industrial Park (IMIP), Sulawesi and Indonesia Weda Bay Industrial Park (IWIP), Halmahera.NIC has an 80 percent stake in PT Hengjaya Mineralindo (a nickel mining company) which is one of the largest suppliers of high-grade limonite and saprolite ores to IMIP. NIC owns the majority stake and operates 12 lines of rotary kiln electric furnace (RKEF).NIC is also expanding its battery nickel strategy through the conversion of its existing RKEF lines to produce class 1 nickel matte , as well as through an agreement to build a High-Pressure Acid Leach (HPAL) processing facility , to supply the growing market demand for electric vehicle batteries.UNTR Corporate Secretary Sara K. Loebis conveyed that the UNTR Group and NCI were in the process of fulfilling the requirements for closing transactions. Therefore, it is not yet certain when the acquisition will be completed."The target for completion [acquisition] cannot be set yet and this is normal because both parties are in the process of fulfilling the closing transaction requirements ," he explained when contacted by Bisnis, Friday (9/6/2023).After the transaction is completed, the UNTR Group will later receive more revenue from NCI's nickel business, according to Danusa's share portion in the company. Revenue can be recorded immediately because the NIC nickel mine is already in operation."Meanwhile, the acquisition fund is expected to come from internal cash," he added.Citing financial reports as of March 2023, UNTR had cash and cash equivalents of IDR 46.35 trillion as of March 2023, up from IDR 35.71 trillion as of March 2022. The increase in cash occurred in line with the growth in revenue and net profit.UNTR management said that until the first quarter of 2023, UNTR's consolidated net income reached IDR 34.9 trillion, an increase of 25 percent compared to the same period in 2022 which amounted to IDR 27.9 trillion.The driving force is that each business unit, namely construction machinery, mining contractors, coal mining, gold mining, the construction industry, and energy, respectively contributed 31 percent, 33 percent, 30 percent, 5 percent, 1 percent, and less. of 1 percent of total consolidated net income.In line with the increase in revenue, UNTR's gross profit increased by 23 percent from IDR 7.0 trillion to IDR 8.7 trillion. Meanwhile, profit attributable to owners of the parent entity or net profit also increased by 23% to IDR 5.3 trillion from IDR 4.3 trillion in the same period in 2022.In an official statement, Sara explained that the completion of the issuance of new NIC shares to Danusa was subject to the fulfillment of the preliminary conditions as stipulated in the SSA including approval from NIC shareholders."After signing the SSA, the parties will use reasonable efforts to fulfill the preliminary conditions before the end date, no later than September 29, 2023," he explained.UNTR President Director Frans Kesuma said the completion of this transaction depended on meeting certain prerequisites, including approval from NIC shareholders under the ASX Listing Regulations or the Australian Exchange.The strategic acquisition of a minority stake in Nickel Industries is an important step in UNTR's business diversification."This move will build on our Group's integrated nickel strategy and expansion in the electric vehicle supply chain ," he added.Source: https://market.bisnis.com/read/20230609/192/1663912/untr-beli-tambang-nikel-rp93-triliun-pakai-kas-internal-potensi-makin-cuan

Indonesia has great potential and opportunity to become a leader in the battery industry for battery-based electric motorized vehicles (KBLBB), and Pertamina is committed to actively participating in building its ecosystem.This was conveyed by the Project and Operations Director of Pertamina New & Renewable Energy (Pertamina NRE) Norman Ginting in a panel discussion entitled Developing EVS and EV Battery Ecosystem at the Indonesia Miner 2023 Conference & Exhibition, some time ago."Pertamina continues to move to face disruptions in the energy world, and it is a necessity for Pertamina to focus on developing clean energy and reducing carbon emissions, including supporting the development of the EV Ecosystem," explained Norman, quoted from Pertamina's official website.In his presentation, Norman explained that Pertamina is building the KBLBB ecosystem with various initiatives and pilot projects that have been and will be implemented such as the development of Battery Swapping Stations/Charging Stations and Hydrogen Fuel Stations for Fuel Cell EVs.Pertamina through its subholding, Pertamina NRE which has participation in the Indonesia Battery Corporation (IBC) has aspirations to enter the value chain of the battery ecosystem and KBLBB from upstream to downstream. According to Norman, Pertamina sees Indonesia as a country with the world's largest nickel reserves having a strategic role in developing the battery industry and the KBLBB ecosystem to meet local and global needs.Pertamina has a very wide supply and distribution network in Indonesia. This is the initial capital in carrying out the transition to the development of battery swapping and charging infrastructure so that electric vehicle users can easily recharge their vehicles.Apart from that, Pertamina sees the importance of standardizing battery packs, especially for two-wheeled electric motorized vehicles, to make it easier for users to exchange batteries. Pertamina views that many regulations have been issued by the Government to accelerate the adoption of electric vehicles in Indonesia. However, it still needs to be improved by several additional regulations/special incentives for the use of electric vehicles, so that electric vehicles are increasingly attractive to users.Pertamina Corporate Communication Vice President Fadjar Djoko Santoso said that the development of the KBLBB ecosystem was in line with the commitment to support NZE 2060 by carrying out the energy transition roadmap."The creation of a good electric vehicle ecosystem will support Indonesia's energy transition program and achieve Indonesia's NZE 2060 target. Through the New & Renewable Energy Sub Holding, Pertamina is committed to continuing to develop clean energy in Indonesia in the form of initiatives in the development of new and renewable energy and decarbonization," said Fadjar.Pertamina as a leading company in the field of energy transition, is committed to supporting the 2060 Net Zero Emission target by continuing to encourage programs that have a direct impact on the achievement of the Sustainable Development Goals (SDG's). All of these efforts are in line with the implementation of Environmental, Social & Governance (ESG) in all Pertamina's business lines and operations. (***)Source: https://suarasiber.com/2023/06/pertamina-siapkan-jaringan-suplai-dan-distribusi-untuk-ekosistem-kendaraan-bermotor-listrik-berbasis-baterai-kblbb/

The Acting Governor of the Bangka Belitung Islands Suganda Pandapotan Pasaribu became a resource person at the 2023 Indonesia Miner Conference and Exhibition  with the topic  Returning Tin into a Strategic Mineral l at the Westin Hotel Jakarta on Tuesday (6/6/2023). In his presentation, The Governor of Bangka Belitung, Suganda said that he fully agreed and encouraged the downstreaming of tin in Bangka Belitng Islands is like President Joko Widodo's previous wish."It is very profitable if there are companies that process directly downstream, it will open up jobs in the Babel Islands. We agree that technology must also be considered, that way the profits will also be greater than just exporting tin blocks abroad," he said. With downstream, not only will the country benefit, but with the condition of the tin price, the economy of the people of Bangka Belitng Islands, which has been on the Tin Producing Island for 400 years, can increase several times from today.  "However, there is no need to regret this, because we will continue to act and hopefully from this meeting we will produce a strategic policy by establishing tin as a strategic mineral that can contribute benefits to the country and the welfare of the people in the Bangka Belitng Islands," he hoped. Although Bangka Belitung is a tin-producing province, but in fact it was explained by Suganda that the Development Index in Bangka Belitng Islands is still low and the stunting rate in Bangka Belitung also needs to be suppressed. This is because many of their children drop out of school, they feel they can make money by mining tin so they marry at a young age, this has an impact on stunting . For this reason, he said that it was the shared responsibility of all parties including entrepreneurs, tin activists in Bangka Belitng Islands to take action to overcome this. Apart from that, he also wants all parties to have the same perception regarding the definition of Strategic Minerals through two approaches including: 1. The approach to using strategic minerals needed in the development of the military, industrial or other commercial purposes which have an important impact on the economy, defence, medicine, transportation, information and communication technology, renewable energy and aerospace;2. An approach to efforts to ensure the availability of strategic mineral supplies that are not available domestically to safeguard national interests through purchase or import contracts with mineral producers.He explained that the designation of tin as a strategic mineral was an effort to strengthen state/government control in managing it for wider national and/or regional interests in the future. "It is necessary to create an ideal and just tin industry ecosystem, so that optimization of state revenues, environmental protection and active involvement and community empowerment can be realized," he concluded. Source: https://www.infopublik.id/kategori/nusantara/747492/pj-gubernur-suganda-bicara-tentang-timah-sebagai-mineral-strategis-di-miner-conference-and-exhibition-2023

PT Sumber Global Energy Tbk ( SGER ) tends to be conservative in setting operational targets in 2023. In which, SGER targets coal sales volume to grow 10% to 15% for 2023.In comparison, SGER managed to sell 7.4 million tons in 2022, up 138.70% from actual sales in 2021 which were only 3.1 million tons.Main Director of SGER Welly Thomas said, as of the first quarter of 2023 SGER managed to sell 2.5 million tons of coal. This figure skyrocketed 214.7% year-on-year (YoY) from actual sales in the first quarter of 2022, which was only 802,000 tons.For the record, the government imposed a ban on coal exports in January 2022 which affected sales volume in the first three months of 2022.SGER's solid operational performance also led to an increase in financial performance. This issuer, which is engaged in coal trading , posted revenue of IDR 3.17 trillion, a 253.22% jump from realized revenue in the same period last year, which was IDR 900.53 billion.As a result, SGER was able to collect a net profit of up to IDR 253.04 billion, an increase of 338.04% from net profit in the same period last year which was only IDR 57.76 billion.In addition to the increase in the performance of the coal sales segment, another factor driving the increase in revenue was revenue from new business lines, namely nickel sales worth IDR 23.89 billion and revenue from the contractor business worth IDR 4.03 billion.After surging last year, SGER management estimates that the average coal price this year will be lower, with the average selling price expected to be slightly lower or relatively flat compared to 2022.Meanwhile, global demand for coal is still strong, especially from China, Asia and Europe where natural gas supply is still not normal.Although not mentioning specific figures, management hopes that this year's revenue can match or even be higher than 2022 revenue. This optimism is based on data from the first quarter of 2023 where sales volume and average selling price, aka the average selling price (ASP) of coal, are still showing growth ."And also the revenue contribution from business lines other than coal trading, is expected to start making a bigger contribution," said Welly, Tuesday (6/6).Source: https://industri.kontan.co.id/news/sumber-global-energy-sger-patok-volume-penjualan-batubara-naik-10-15-di-2023

Thiess recently announced that it has secured an A$300 million expansion contract from PT Harum Energy Tbk at the Mahakam Sumber Jaya (MSJ) coal mine in East Kalimantan, Indonesia, running through until March 2026. The company will now also operate in an adjacent area to the current mining operations.The contract scope expands the current mining operations, including load and haul, drill and blast, haul road maintenance and rehabilitation. Thiess Group Executive Chair and CEO Michael Wright said: “As a long-standing partner of Harum Energy since 2008, we are very pleased to have been entrusted with this expansion at MSJ. This presents opportunities for our project team to continue delivering successful outcomes for our client and the local communities, through an absolute focus on sustainable, technology enabled mining operations.”Thiess Group Executive, Asia Cluny Randell said: “We are excited to take on this new challenge and continue our strong partnership with Harum Energy, where we’ve been working together at the MSJ mine. Our team’s expertise and commitment to safe and efficient mining, and our focus on the communities where our people work and live, will ensure the ongoing success of this project.”But there is more to this news. As part of the global commitment to be at the forefront of sustainable mining, Thiess is planning to implement its first autonomy program in Indonesia at the MSJ mine. This will be through an autonomous drilling operation where ongoing improvements in safety, production and emission reductions are anticipated.In line with Thiess’ commitment to diverse and inclusive workplaces, the company says it will also work to increase female participation at MSJ mine by expanding its female operator training program for local women interested in joining the mining industry.Source: https://im-mining.com/2023/06/12/thiess-to-deploy-autonomous-drilling-in-indonesia-at-msj/

The administration of President Joko Widodo (Jokowi) has officially granted relaxation of metal mineral exports for copper, iron, lead or zinc commodities until May 31, 2024.This relaxation is regulated in the Regulation of the Minister of Energy and Mineral Resources (ESDM) Number 7 of 2023 concerning the Continuation of Development of Domestic Metal Mineral Refining Facilities which was promulgated on June 9, 2023.It is explained in the policy that the provision of opportunities to sell processed products abroad until May 31, 2024 is in order to encourage certainty of the completion of the construction of refining facilities (smelters) which are being carried out by holders of mining business permits/special mining business permits (IUP/IUPK) for the production operation stage commodity metal minerals copper, iron, lead, or zinc.In Article 3 paragraph (2) the provisions that are permitted to export are specified, including:a. has produced processed products;b. the physical progress of the construction of the purification facility has reached at least 50 percent on January 31, 2023 from the previous planned physical progress of the construction of the purification facility which is calculated cumulatively up to the last 1 month by an independent verifier;c. pay the export duty in accordance with the provisions of the legislation;d. and meet the minimum processing limits in accordance with the provisions of laws and regulations.In addition, the holder of an IUPK for the copper commodity metal mineral production operation stage; or permits for processing and/or refining business activities issued by the minister in charge of government affairs in the industrial sector which has produced by-products or residue from the refining of copper metal mineral mining commodities in the form of anode mud, may sell anode mud abroad in a certain amount by use postal tariffs/HS in accordance with the provisions of laws and regulations until May 31, 2024.This Ministerial Regulation was stipulated by the Minister of Energy and Mineral Resources Arifin Tasrif and came into force from 11 June 2023.Based on data from the Ministry of Energy and Mineral Resources, there are five business entities that have progress in concentrate refining facilities above 51 percent. The five business entities are PT Freeport Indonesia (copper), PT Amman Mineral Nusa Tenggara (copper), PT Sebuku Iron Lateritic Ores (iron), and two smelters belonging to PT Kapuas Prima Coal, namely PT Kapuas Prima Citra (lead) and PT Kobar Lamandau Mineral (zinc).In detail, the physical progress of the US$3 billion Freeport smelter project construction in January 2023 has reached 54.52 percent with investment realization reaching US$1.68 billion and the Amman Mineral smelter worth US$983 million has reached 51.63 percent with an investment realization of US$507 .53 million.Then, the Sebuku Iron Lateritic Ores smelter valued at US$51.5 million, its physical progress has reached 89.79 percent with a realized investment of US$46.27 million as of February 2023.Meanwhile, the Kapuas Prima Citra smelter valued at US$10 million has achieved 100 percent physical progress as of May 2022. For the Kobar Lamandau Mineral smelter valued at US$22.53 million, the achievement has been 89.65 percent with investment realization of US$20.2 million as of February 2023.Source: https://ekonomi.bisnis.com/read/20230613/44/1664908/resmi-jokowi-beri-relaksasi-ekspor-mineral-untuk-freeport-dkk

Metal mining issuer PT Merdeka Copper Gold Tbk. (MDKA) said it would increase gold and copper production for 2023. President Director of MDA Albert Saputro said that this year MDKA is targeting an increase in gold production compared to 2022. According to him, one of the main sources of gold production for the MDKA Group, the Tujuh Bukit Gold Mine, during 2022 will produce 125,133 ounces of gold with an all-in-sustaining cost of US$1,131 per ounce of gold. . Albert continued that in 2023 gold production from the Tujuh Bukit Gold Mine is targeted to be in the range of 120,000 to 140,000 ounces of gold with an AISC of US$1,100-US$1,300 per ounce of gold."The MDKA Group is also continuing the exploration of the copper project at Tujuh Bukit which is expected to provide optimal results. The Seven Bukit copper project is one of the largest pre-production copper projects in the world, which shows technical and economic feasibility," said Albert in MDKA's public expose, Tuesday ( 13/6/2023).Apart from the Tujuh Bukit Mine, according to Albert, currently the MDKA group is carrying out the development and exploration of a number of gold and other mineral mining projects. Among them is the development of the Pani gold project, Gorontalo, which is expected to produce 450,000 ounces of gold per year.Albert explained that the Pani gold project is currently preparing for a comprehensive mining process. The feasibility study for this project is scheduled to be completed by the end of quarter III/2023 and the results will be announced in quarter IV/2023. The Pani project is envisioned as a long-lived, low-cost gold mine with high gold production.Meanwhile, the Wetar Copper mine in 2022 will be able to produce as much as 19,551 tons of copper at an AISC of US$3.37 per pound of copper. Copper production in 2023 from this mine is targeted to be around 16,000–20,000 tons of copper, with an AISC projection of US$3.70 –US$4.70 per pound of copper. From RKEF smelters to produce nickel pig iron (NPI), MDKA targets production in 2023 in the range of 18,000–20,000 tons of NPI, with an AISC of US$13,000–US$15,000 per tonne of nickel.As of the end of 2022, the MDKA group has a portfolio of mineral resource assets with reserves of 35.2 million ounces of gold, 8.4 million tons of copper, 79 million ounces of silver, 13.8 million tons of nickel and 1 million tons of cobalt.Source: https://market.bisnis.com/read/20230613/192/1665062/merdeka-copper-mdka-kerek-naik-produksi-emas-dan-tembaga-2023

Indonesian copper miner Amman Mineral Internasional aims to raise up to 12.94 trillion rupiah ($880.6 million) in a listing scheduled for June 28 to July 3, it said in its prospectus on Wednesday.The listing would be the biggest initial public offering (IPO) in Southeast Asia this year, according to Refinitiv data, surpassing the listing of Indonesian nickel producer Trimegah Bangun Persada, known as Harita Nickel, that raised 10 trillion rupiah in April.Indonesia’s IPO market is one of the world’s hottest this year. First-time share sales have raised $1.58 billion as of April, second only to China in the Asia-Pacific region excluding Japan and ahead of traditional powerhouse Hong Kong, according to Refinitiv data.The announcement of the Amman Mineral IPO comes a day after agri-food giant Olam Group said it did not expect the dual listing of its agricultural unit, Olam Agri, in Singapore and Saudi Arabia to be completed in the first half of this year as originally planned, citing failure to obtain “all the necessary regulatory approvals”.Amman Mineral’s prospectus showed book building is set to start on Wednesday with an offering price in a range of 1,650 rupiah to 1,775 rupiah per share.The Jakarta-headquarted company will use IPO proceeds to pay off some debt and fund several projects, including completing a copper smelter it is building in Sumbawa island, it said in its prospectus.The smelter, which has input capacity of 900,000 tonnes of copper concentrate to produce 220,000 tonnes of copper cathode annually, will cost the company $983 million in total, company and government data showed.The Indonesian government in April exempted Amman until May 2024 from a planned June ban on raw mineral exports, to give the firm a revenue stream to complete the smelter project, which was half-finished as of January.A unit of Amman Mineral, part of Indonesian energy group Medco Energi Internasional, operates the Batu Hijau mine in the West Nusa Tenggara province.Amman Mineral Internasional acquired the Batu Hijau mine from US miner Newmont Mining Corp and Japan’s Sumitomo Corp and its partners in 2016.A strong market debut by Amman Mineral on July 5 could boost sentiment for upcoming IPOs in Indonesia this year.They include Pertamina Hulu Energi, the upstream arm of Pertamina, that could raise at least 20 trillion rupiah, and state-owned fertilizer company Pupuk Kalimantan Timur that could raise $500 million.Source: https://www.mining.com/web/indonesian-copper-miner-amman-aims-to-raise-880-million-in-ipo/