MIND ID Supports the Government to Achieve Net Zero Emissions by 2060
MIND ID Supports the Government to Achieve Net Zero Emissions by 2060
11 Jan 2024, 08:00 AM 4883

MIND ID or Mining Industry Indonesia is fully committed to supporting the government's efforts in achieving the Net Zero Emissions (NZE) target by 2060.Corporate Secretary MIND ID Heri Yusuf said the commitment was manifested in several concrete commitments in the three main pillars of the MIND ID Group which were the results of the elaboration of SDG's 2030.Therefore, BUMN Holding Mining Industry implements an energy transition strategy based on three pillars, namely To Prevent, To Reduce, To Mitigate.The effort was carried out by all members, namely PT Timah Tbk., PT Aneka Tambang Tbk., (Antam), PT Inalum, PT Bukit Asam Tbk., (PTBA), and PT Freeport Indonesia (PTFI)."MIND ID continues to provide more value for Indonesia, one of which is committed to supporting the government's efforts to target NZE it can be completed in 2060," Heri said as quoted on Monday (8/1).Heri explained that one of the programs implemented was mangrove cultivation and planting activities carried out by PT Timah Tbk.PT Timah Tbk., consistently planted mangroves around the company's operational areas.Mangrove planting carried out by members of the MIND ID Group, PT Timah Tbk was carried out in Bangka Belitung Province and Riau Islands Province."Mangrove planting efforts have been carried out for a long time. Even since 2010 PT Timah Tbk has planted mangroves with the Ikebana foundation on Bangka Island," he said.In addition, PT Timah Tbk also conducts mangrove rehabilitation with community groups, youth, academics and fishermen groups. This is in addition to being intended as an absorbent agent carbon emissions, as well as an effort to prevent abrasion and maintain coastal ecosystems.In addition, another member of the MIND ID Group, PTBA is also actively carrying out various programs to support the achievement of government targets related to the upcoming NZE 2060.PTBA succeeded in building the Bali Mandara Toll Road Solar Power Plant (PLTS) and PLTS at the Soekarno-Hatta Airport Airport Operation Control Center (AOCC) Building. The presence of the two PLTS is able to reduce emissions by around 414.1 tons of CO2e.The reduction in emissions caused by the existence of the two PLTS in the period from January to October 2023 is equivalent to planting 847 trees.This success is a form of PTBA's commitment in supporting the achievement of NZE 2060."Then, PT Antam Tbk. through UBPP Logam Mulia collaborates with the East Jakarta City Government to do Tree planting simultaneously in 10 districts in East Jakarta," Heri said.Image source: MIND IDSource: www.jpnn.com/Cara MIND ID Mendukung Pemerintah Mencapai NZE 2060

Aneka Tambang sells shares of subsidiaries to world’s biggest EV battery company
Aneka Tambang sells shares of subsidiaries to world’s biggest EV battery company
10 Jan 2024, 12:00 PM 5431

Indonesian miner Aneka Tambang has sold shares worth USD 467.18 million in two of its subsidiaries to a unit of the world’s biggest electric vehicle battery maker, China’s Contemporary Amperex Technology Co (CATL).In a disclosure published late on Thursday, Aneka Tambang, known as Antam, said it made the sales to Ningbo Contemporary Brunp Lygend Co Ltd (CBL) through the latter’s Hong Kong unit. CBL is a holding subsidiary of CATL, according to its website.The sales, which were completed on Thursday, mean CBL controls 49% of PT Sumberdaya Arindo and 60% of PT Feni Haltim.The sales are part of an agreement to set up joint ventures to develop an electric vehicle “ecosystem” in Indonesia, the statement said, which includes a plan to build a high-pressure acid leaching (HPAL) plant to process nickel ore into materials used in batteries.The government of Indonesia, home to the world’s largest nickel reserves, has set an ambitious target of producing some 600,000 EVs by 2030. That would be more than 100 times the number sold in Indonesia in the first half of 2023.Companies like China’s Neta EV brand, Japan’s Mitsubishi Motors and South Korea’s Hyundai Motors have already invested in Indonesia’s burgeoning EV battery industry. The country is also wooing Tesla and BYD.Image source: Aneka TambangSource: www.mining.com/Aneka Tambang sells shares of subsidiaries to world’s biggest EV battery company

SGER Sumber Mineral Global (SMGA) Group to IPO
SGER Sumber Mineral Global (SMGA) Group to IPO
10 Jan 2024, 09:00 AM 5742

The business entity of PT Sumber Global Energy Tbk. (SGER), PT Sumber Mineral Global Abadi Tbk. (SMGA) plans to conduct an initial public offering (IPO) in the near future.Launching its official website, SMGA was established on October 19, 2016 under the name PT Sumber Mineral Global Abadi. SMGA's business activities include metal and ore trading, sand and nickel trading, cement, lime, sand and stone wholesale trading, solid fuel and gas wholesale trading, and other products.Currently, SMGA's business activities focus on trading nickel, limestone, and coal for domestic and export markets. The traded products come from mines processed from the Mining Business License (IUP) in cooperation with SMGA companies.Currently, SMGA sells nickel and coal products to customers in the domestic market. The nickel sales are made to companies such as PT Putra Utama Sukses for 20,000 WMT per year and PT Huadi Nickel-Alloy Indonesia for 10,000 WMT per month.Meanwhile, SMGA coal sales are carried out to PT Restu Usaha Mandiri amounting to 50,000 MT per year, PT Merak Energi Indonesia amounting to 330,000 MT per year, and PT Indonesia Morowali Industrial Park 360,000 MT per year.Quoting the prospectus, SMGA said that currently it only has one subsidiary, namely PT Jasatama Mandiri Sukses (JMS). JMS is engaged in limestone mining.SMGA said that JMS was established in 2021 and obtained IUP for non-metallic mineral commodities, namely limestone for industry. JMS mining activities are located in Bungku Pesisir District, Morowali Regency, Central Sulawesi Province with an area of 85.73 Ha.Based on the results of exploration that has been carried out by JMS, limestone reserves owned by JMS are currently 300,000,000 tons with an estimated mine age of around 150 years.For information, in this IPO, SMGA targets fresh funds of as much as IDR 175 billion to IDR 183.75 billion. SMGA set an offering price of IDR 100 to IDR 105 in this IPO.In its prospectus, SMGA plans to offer as many as 1.75 billion new shares which are ordinary shares in the name. The number of shares is equivalent to 20% of SMGA's paid-up and paid-up capital after the IPO.Image source: SMGASource: www.market.bisnis.com/Grup SGER Sumber Mineral Global (SMGA) Bakal IPO, Simak Profilnya

Indika Energy (INDY) Secures IDR 4.64 Trillion Loan from Bank Mandiri and BNI
Indika Energy (INDY) Secures IDR 4.64 Trillion Loan from Bank Mandiri and BNI
10 Jan 2024, 08:00 AM 5406

PT Indika Energy Tbk. (INDY) pocketed a loan facility worth USD 300 million equivalent to IDR 4.64 trillion from PT Bank Mandiri (Persero) Tbk. (BMRI) and PT Bank Negara Indonesia (Persero) Tbk. (BBNI).Corporate Secretary of Indika Energy Adi Pranomo said that the company and its subsidiaries signed a loan facility from BMRI and BBNI on December 28, 2023. INDY's subsidiaries that act as the initial underwriters of this loan agreement are PT Tripatra Engineering, PT Tripatra Engineers and Construction, and Tripatra (Singapore) Pte.Ltd."This facility agreement will be used to pay the company's debt," Adi said in the information disclosure, Wednesday (3/1/2024).In addition to the facility agreement, Adi said, INDY together with subsidiaries and creditors also signed a facility letter and guarantee documents in the form of an Account Pledge Agreement and a Guarantee Confirmation Agreement, as well as additional letters for agreements between creditors.The facility agreement is guaranteed pari passu based on the terms of the indenture for 5.875% senior bonds maturing 2024 of USD 575 million, and 8.250% senior notes maturing 2025 of USD 675 million.In its financial report, INDY posted revenue of USD 2.29 billion or equivalent to IDR 36.5 trillion until the third quarter of 2023. This revenue decreased by 26.64% compared to the same period last year of USD 3.13 billion.INDY's revenue was obtained from contract and service revenue of USD 229.2 million, overseas coal sales of USD 1.68 billion, coal sales to domestic customers of USD 357.1 million, and other trade of USD 25.7 million.Meanwhile, based on its segment, energy services contributed revenue to INDY of USD 184.09 million, energy resources of USD 2.04 billion, logistics and infrastructure of USD 34.2 million, and minerals of USD 21.8 million.Then green business of USD 10.6 million, and digital venture of USD 4.25 million. The decline in revenue also eroded INDY's net profit by 72.27%. INDY's net profit decreased from USD 338.3 million to USD 93.8 million or equivalent to IDR 1.49 trillion as of September 2023. Previously, INDY said that it had absorbed capital expenditure (capex) of USD 104.9 million or equivalent to IDR 1.62 trillion until 9 months 2023.Image source: Bisnis/Arief Hermawan PSource: www.market.bisnis.com/Indika Energy (INDY) Kantongi Pinjaman Rp4,64 Triliun dari Bank Mandiri & BNI

Bukit Asam (PTBA) Builds New Facilities to Add Coal Transportation Capacity
Bukit Asam (PTBA) Builds New Facilities to Add Coal Transportation Capacity
09 Jan 2024, 12:00 PM 6333

PT Bukit Asam Tbk (PTBA), a member of the MIND ID Group, started the construction of a new coal handling facility to increase coal transportation capacity through the Tanjung Enim - Keramasan railway link. This was marked by a groundbreaking procession carried out in Tanjung Enim on Saturday (12/30/2023).There are 3 new coal handling facilities built. The first is two Train Loading Stations (TLS) with a capacity of 3,000 tons per hour each along with rail loops. Then two Conveyor System lines along 13 km and 17 km, each with a capacity of 3,000 tons per hour. In addition, three dump hoppers that can be used dump trucks with capacities of 60 tons and 100 tons.The construction of these facilities is part of PTBA's collaboration with PT Kereta Api Indonesia (Persero) or KAI in the development of coal transportation between Tanjung Enim - Keramasan. Facilities and infrastructure for train transportation modes were prepared by PT KAI, while for dock facilities in Keramasan PT Kereta Api Logistik (Kalog) was built.In his speech at this event, Deputy President Director of MIND ID Dany Amrul Ichdan expressed his hope that the construction of this coal handling facility would not only advance the Company, but also bring benefits to the community."The advancement of corporate strategy must also provide benefits for sustainable community development. This is the mandate of SOEs for sustainability. That this investment will be a milestone to develop new ports in the future. This development is a legacy for the current government to be continued by the new government, creating masterpieces for Indonesia and especially SOEs," said Dany.He also advised that in strategic BUMN projects, there must be a participating industry within the framework of developing local wisdom involving the community.Meanwhile, President Director of PT Bukit Asam Tbk (PTBA) Arsal Ismail explained, increasing transportation capacity is a strategic step to support the Company's performance."PTBA is one of the largest coal producers in Indonesia with reserves of 3.02 billion tons and resources of 5.85 billion tons. Increasing transportation capacity needs to be done to accelerate the monetization of coal reserves. This project supports the Company's growth through increasing revenue from increasing coal sales volume," said Arsal.Coal transportation between Tanjung Enim - Keramasan will increase PTBA's coal transportation capacity up to 20 million tons per year. "With the addition of this capacity, PTBA can further contribute to supporting national energy security," Arsal emphasized.As a member of the MIND ID Group, PTBA's move also supports MIND ID's vision and target to become one of the Global Fortune 500 companies. Also present to witness this groundbreaking, among others, EVP Divre III Palembang PT Kereta Api Indonesia (Persero) Yuskal Setiawan, Assistant Deputy for Mineral and Coal of the Ministry of SOEs Heri Purnomo, VP Corporate Planning of PT Kereta Api Logistik (Kalog) Budi S, Associate Auditor of the South Sumatra Financial and Development Supervisory Agency (BPKP) Imron Rosidi, and the South Sumatra High Prosecutor's Office represented by the Muara Enim State Attorney's Office.Image source: PTBASource: www.ptba.co.id/Tambah Kapasitas Angkutan Batu Bara, Bukit Asam (PTBA) Bangun Fasilitas Baru

MEMR approves 2024 Work Plan of Bumi Resources
MEMR approves 2024 Work Plan of Bumi Resources
09 Jan 2024, 08:00 AM 6569

PT Bumi Resources Tbk (BUMI) has obtained the approval of the Work Plan and Cost Budget application from the Ministry of Energy and Mineral Resources (MEMR). In this case, BUMI has a Special Mining Business License for PT Kaltim Prima Coal and PT Arutmin Indonesia for the period 2024 to 2026.Director and Corporate Secretary of BUMI, Dileep Srivastava is optimistic that the company can pursue the coal production target of 80 million tons in 2024."There are no official figures yet, but it is estimated that it could reach around 80 million tons. Production is higher than in 2023. Hopefully, the price can be higher. Most of them depend on geopolitics, economy, weather, and market dynamics," BUMI Director and Corporate Secretary Dileep Srivastava told CNBC Indonesia, Tuesday (2/1/2024).For information, the Ministry of Energy and Mineral Resources has officially issued new regulations regarding procedures for drafting, submitting, and approving Work Plan in the mineral and coal mining sector. This regulation is contained in the Regulation of the Minister of Energy and Mineral Resources Number 10 of 2023.At least, there are some important points contained in this regulation. These include the distribution of activity time for Work Plan, administrative sanctions, fulfillment of essential aspects in the preparation of Work Plan and efficiency of time management.Previously, Dileep also emphasized that there are several challenges that must be faced by the coal industry. Fluctuations in coal prices and bad weather are one of the things to watch until the end of the year.According to him, the commodity cycle that makes coal price fluctuations must be watched out for because it is unpredictable.Several factors can affect prices, such as the flash floods that hit China last week.This condition caused disruption to the coal delivery railway line in Jingxing county. The distribution disruption raises concerns that coal supply will fall sharply so that the price rises. Another challenge is soaring fuel prices which are considered to increase the company's operational cost component. The regulation regarding deposits of 30% of export income for 3 months effective from August 1, 2023 is also a matter of scrutiny.Efficiency, digitalization, downstream coal, and non-coal diversification are also included as challenges in pursuing coal production targets in 2023."Time, market, and regulatory factors will play a role in market perception and outcomes. Of course, BUMI is the only debt-free company with strong equity partners, namely Bakrie, Salim & CIC, and others. Being debt-free in the current geo-eco-political environment puts BUMI at a comparative advantage," concluded Dileep.Image source: CNBC Indonesia/Firda Dwi MuliawatiSource: www.cnbcindonesia.com/Dapat Restu RKAB, Produksi Batu Bara BUMI Bisa Capai Segini

ISO Certification Marks Commitment to Sustainable Nickel Processing
ISO Certification Marks Commitment to Sustainable Nickel Processing
22 Dec 2023, 12:00 PM 6003

Nickel processing industry activities need to prioritize sustainable and responsible practices to reduce the environmental or social impacts they cause. Commitment to carrying out this industrial activity can be demonstrated, among other things, through International Standardization Organization (ISO) certification.One of the commitments in implementing nickel processing with sustainable and responsible practices was emphasized by Harita Nickel. This commitment is demonstrated through obtaining ISO 14001 certification for environmental management systems and ISO 45001 for occupational health and safety management systems.ISO 14001 : 2015 certification focuses on the effectiveness of environmental management systems which include important aspects, such as environmental risk evaluation, regulatory compliance, and continuous improvement. Meanwhile, ISO 45001: 2018 certification requires a consistent process in identifying hazards, reducing risks, and preventing injuries and health problems in the workplace.To obtain this ISO certification, Harita Nickel underwent a series of audit activities carried out by auditors from Societe Generale de Surveillance (SGS) Indonesia. The process of handing over the certificate from SGS Indonesia to Harita was carried out in Jakarta, Wednesday (13/12/2023).Director of Health, Safety and Environment (HSE) Harita Nickel Tonny Gultom said that nickel mining requires a long time and process. This makes nickel mining activities receive a lot of attention from various parties, not only from the production aspect, but also social and environmental responsibility. Director of Health, Safety and Environment (HSE) Harita Nickel Tonny Gultom (right) receives ISO 14001 certification for environmental management systems and ISO 45001 for occupational health and safety management systems in Jakarta, Wednesday (13/12/2023)."This certification is very important because it is our commitment to carrying out sustainable practices. "Therefore, the audit was carried out from the document aspect to implementation in the field," he said in a media discussion about world-class environmental and safety management in the nickel processing industry in Jakarta, Wednesday.Harita has been administering ISO 45001 and ISO 14001 certification since 2020, starting with an agreement and commitment to implementation by all organizational functions in the HSE management system. Then in 2022 an assessment will be carried out based on the National Standards for Occupational Safety Management System Certification from the Ministry of Manpower.After that, in February 2023 Harita received ISO45001 certification from SGS-United Kingdom Accreditation Service (SGS-UKAS) in the management of occupational health and safety management systems. Nine months later, Harita received ISO 14001 SGS-UKAS certification for environmental management systems.Various provisions or regulations from the government become our reference in operating, both in social and environmental aspects. According to Tony, this certification was also obtained because Harita had identified environmental risks according to established standards. After carrying out mining activities, reclamation is also carried out to organize, restore, improve environmental quality and maintain the ecosystem within.One of the mining practices also refers to the Decree of the Minister of Energy and Mineral Resources Number 1827 of 2018 concerning Guidelines for Implementing Good Mining Engineering Principles. The mining process starts from clearing the land, stripping top soil, removing overburden, taking limonite ore to be processed in the factory, closing the mine hole, to reclamation and revegetation. Waste storage ponds in the Harita Nickel group's nickel mining and processing industrial area on Obi Island, South Halmahera, North Maluku, Saturday (25/11/2023)."In ESDM regulations, reclamation obligations are referred to international standards. This reclamation is included in the planning document. In fact, we provide guarantees in the form of reclamation funds. "The company spends funds twice, namely to carry out reclamation and the funds are deposited in the bank which can be disbursed if it is declared to have met the criteria for successful reclamation," said Tonny.Apart from that, the company also created sediment ponds as a container for sedimentation to purify the flow of water coming out of the mining area. Meanwhile, the remaining ferronickel smelter production is processed into building material products, such as paving blocks and bricks.In accordance with the provisionsOccupational Health and Safety (OHS) and Management System Manager Harita Nickel Suprianto explained that the management of the health, safety and environmental (HSE) system is carried out in accordance with applicable laws and regulations. Then, management document guidelines are also prepared to create controlled and sustainable operations."Various provisions or regulations from the government are our reference in operating, both in social and environmental aspects. "For example, in emergency management, we are required to make improvements every year," he said.SGS Indonesia Knowledge Director Waras Putri Andrianti stated that getting ISO 14001 and ISO 45001 certification was not easy. This requires high commitment from management to staff as well as consistent implementation and continuous improvement of the standards set. PT Trimegah Bangun Persada Tbk or Harita Nickel is part of the Harita Group which operates sustainable integrated nickel mining and processing on Obi Island, South Halmahera, North Maluku. Since 2016, Harita Nickel has had a nickel saprolite smelter (smelter). Then in 2021, the company will also have nickel limonite processing and refining facilities (refinery) in the same operational area.Harita Nickel is listed as a company with the initiation of processing and refining nickel limonite (low grade) with high pressure acid leach (HPAL) technology. This technology is able to process nickel limonite which was not previously utilized into a product of strategic value in the form of mixed hydroxide precipitate (MHP).With the same technology, MHP as an intermediate product has been successfully processed into final products in the form of nickel sulfate and cobalt sulfate which are core material for making cathodes for new energy sources, namely electric vehicle batteries.Image source: KOMPAS/RADITYA HELABUMISource: www.kompas.id/Sertifikasi ISO Tandai Komitmen Pemrosesan Nikel yang Berkelanjutan

Harum Energy (HRUM) Coal Production Target for Next Year
Harum Energy (HRUM) Coal Production Target for Next Year
22 Dec 2023, 08:00 AM 5818

PT Harum Energy Tbk (HRUM) has a coal production target of around 6 million tons in 2024. This achievement depends on approval of the Work Plan and Budget (RKAB) in accordance with the set targets.Ray Antonio Gunara, President Director of Harum Energy, sees the prospects for the coal business in 2024 as still quite positive. Coal prices are supported by stable demand from both domestic and export markets, both markets require affordable energy sources."Even though there is potential for a correction in coal prices in 2024, it is hoped that the correction will not be as big as in 2023," said Ray to Kontan.co.id on Monday (18/12).For information, until the end of September 2023, HRUM has produced 5.4 million tons of coal. This realization increased by 43.0% compared to the same period in the previous year which only reached 3.8 million tons.To support business in the coming year, HRUM plans to allocate capital expenditure (capex) of around USD 50 million. Ray explained that this capex would be used to fund the construction of infrastructure and production facilities in the nickel mining area. Apart from that, capex will also be allocated for additional coal mining properties, maintenance of tugboats and barges, purchase of vehicles and heavy equipment. Until the end of September 2023, the total capital expenditure absorbed reached USD 17.6 million, mainly for needs related to additional mining properties in HRUM's subsidiaries, such as PT Mahakam Sumber Jaya, PT Karya Usaha Pertiwi, and PT Tanito Harum Nicke. Capex is also used for maintenance of PT Layar Lintas Jaya's barge fleet, purchasing heavy equipment and vehicles.Image source: HRUMSource: www.industri.kontan.co.id/Segini Target Produksi Batubara Harum Energy (HRUM) Untuk Tahun Depan

Harita Nickel (NCKL) Disburses Loans to Subsidiaries Worth IDR 500 Billion
Harita Nickel (NCKL) Disburses Loans to Subsidiaries Worth IDR 500 Billion
21 Dec 2023, 12:00 PM 5499

PT Trimegah Bangun Persada Tbk. (NCKL) provided a loan facility worth IDR 500 billion to its subsidiary PT Gane Tambang Sentosa (PT GTS).Trimegah Bangun Persada Corporate Secretary Franssoka Y. Sumarwi said the loan agreement was contained in the letter of agreement No.089/P/LGL/TBP/XII/ 2023 between the company and PT GTS dated December 8, 2023."The transaction value is a maximum of IDR 500 billion, with interest of 8% per year,"; said Franssoka in an information disclosure, Wednesday (13/12/2023).Franssoka continued, the term of the loan agreement is 5 (five) years from the date of the first loan disbursement. Meanwhile, the purpose of the loan is for capital expenditure and routine operational activities of PT GTS."There is no material impact of these events, information or material facts on the company's operational activities, law, financial condition or business continuity,"; Franssoka said.This transaction is an affiliate transaction which is exempt from the obligation to use an appraiser and obtain approval from the General Meeting of Shareholders (GMS) first, as intended in POJK No. 42/2020, because PT GTS is a Controlled Company whose shares are 99% owned by the company.The transaction is also not material because the transaction value is 20% lower than the Company's equity, as intended in Regulation Financial Services Authority No. 17/POJK.04/2020 concerning Material Transactions and Changes in Business Activities.Previously, PT Trimegah Bangun Persada Tbk. (NCKL) posted a jump in revenue to IDR 17.29 trillion during the third quarter of 2023.Based on published financial reports, Harita Nickel recorded an increase in revenue from contracts with customers of 135.11% to IDR 17.29 trillion compared to the same period last year which was recorded at IDR 7.35 trillion.This income is supported by processing nickel amounting to IDR 14.86 trillion and nickel mining amounting to IDR 2.43 trillion. The nickel processing segment is also still supported by contracts with third parties, namely Lygend Resources and Technology Co.Ltd. by 40%.NCKL management said the increasing contribution to revenue and net profit amidst weak nickel prices was supported by increased production capacity at the High Pressure Acid Leach (HPAL) smelter and Rotary Kiln Electric Furnace (RKEF) smelter."Additional Mixed Hydroxide Precipitate (MHP) production line with a capacity of 18,000 tons of nickel content per year," said management, quoted on Thursday (30/11/2023).Along with soaring revenues, the cost of goods sold also increased to IDR 11.16 trillion. This expense increased 210.33% compared to the same period the previous year amounting to IDR 3.59 trillion.Image source: NCKLSource: www.market.bisnis.com/Harita Nickel (NCKL) Kucurkan Pinjaman ke Anak Usaha Senilai Rp500 Miliar

PAM Mineral Group (NICL), PT IBM Ready to Increase Nickel Production
PAM Mineral Group (NICL), PT IBM Ready to Increase Nickel Production
21 Dec 2023, 08:00 AM 7194

PT Indrabakti Mustika (IBM), a business entity of PT PAM Mineral Tbk (NICL) in the nickel mining sector, plans to increase production.Ruddy Tjanaka, Director of PT IBM who also serves as President Director of NICL, said that PT IBM's future expansion plans regarding exploration and production are to remain committed to exploration activities in potential Mining Business Permit (IUP) areas. The company carries out an infill drilling strategy to find out more details regarding the condition of resource distribution and reserves."PT IBM will increase production capacity by around 39% to match the maximum capacity of the existing Feasibility Study (FS) document. In addition, in the future PT IBM will also revise the FS document to maximize the potential of existing resources and reserves, taking into account aspects of conservation and optimization of marginal reserves," he explained in a press release, Wednesday (13/12/2023).Quoting NICL's financial report as of September 2023, PT IBM has probable reserves of 3.2 million tons and proven reserves of 1.1 million tons. PT IBM's total assets reached IDR 633.89 billion.PT IBM has various commitments to sell nickel ore to all its customers, where the largest sales are made to PT Kyara Sukses Mandiri as PT IBM's main customer with various sales contracts.In 2023, PAM Mineral as a group will focus on increasing nickel production from the previous 2.1 million tonnes to 2.6 million tonnes.Ruddy Tjanaka said that in the future PT IBM will continue to involve the local community in PT IBM's business activities, where the company is committed to improving the welfare of the community and providing job guarantees. Meanwhile, the community also plays a role as PT IBM's business partner, social control, and even the initiator of Community Development programs.The Ministry of Energy and Mineral Resources awarded PT IBM the Tamasya Award 2023 for the company's achievements in community empowerment development performance.Award category for PT IBM's implementation in the field of education in internship activities for local communities for the 2022 assessment period. The award was given on December 8, 2023.Ruddy Tjanaka conveyed that the PT IBM activity that received the 2023 Tamasya Award appreciation was the Community Development and Empowerment Program (PPM) in the Education Sector with its flagship program "Training Basic Operators". According to him, the achievement of the Tamasya Award cannot be separated from the support and cooperation of all PT IBM stakeholders."For the achievement of this Tamasya Award, PT IBM thanks the Forkopimda of Southeast Sulawesi, the ESDM Office of Southeast Sulawesi Province, the Forkopimda of North Konawe Regency, the Mining Circle Community, and all parties who support the implementation of PT IBM's PPM programs," he added.In the future, PT IBM will be committed to continuing to organize PPM activities. For information, PT IBM runs a nickel mining business in Lameruru Village/Subdistrict, Langgikima District, North Konawe Regency, Southeast Sulawesi Province."The future plan for PPM activities at PT IBM still refers to the PT IBM PPM Master Plan, including continuing programs that have currently received appreciation, and implementing programs that we have designed for 2024. One of the programs that we will excel in is the use of plastic waste (environmental sector) and plant nurseries," he explained. Meanwhile, at the awards ceremony, Minister of Energy and Mineral Resources Arifin Tasrif explained that the Community Development and Empowerment Performance Award (PPM) or Tamasya Award is the government's appreciation for mineral and coal mining business entities that have carried out PPM performance well.Tamasya, which stands for Tambang Mensejahterakan Masyarakat, was held for the first time by the Directorate General of Mineral and Coal with the hope of increasing the enthusiasm and commitment of mineral and coal mining business entities in implementing the PPM program. As a result, mining activities can run well, optimally and contribute to the prosperity, especially of the communities around the mine, in a sustainable manner.Tamasya is a form of the spirit of the Directorate General of Mineral and Coal to continue to strive so that mineral and coal in Indonesia are utilized for the greatest welfare of the community, especially for people living around the mining area. Arifin hopes that this award will not only be recognition, but also an inspiration for other mineral and coal mining business entities, to continue to move forward and make improvements in the implementation of PPM. Apart from that, PPM can be a strong foundation for the nation's progress, because when it empowers individuals in society, it is hoped that various other aspects will also become better.Image source: NICLSource: www.market.bisnis.com/Grup PAM Mineral (NICL), PT IBM Siap Tingkatkan Produksi Nikel

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