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20 May 2022, 15:22 PM

Minister Confirms Indonesia Will Stop Exporting Tin, Bauxite This Year

www.en.tempo.co
1738 Views
Minister of Investment and Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia ensured that the government would ban the export of bauxite and tin this year. The policy was decided as part of the government's effort to develop the domestic downstream mineral industry and raise the added value of mining commodities.Bahlil said that Indonesia's export ban on nickel ores had been proven effective to boost the export of one of the commodity's derivative products, which is stainless steel."In 2022, our nickel export only generated US$2 billion. In 2022, the export of downstream nickel, which is stainless steel, has reached US$20 billion," Bahlil said during the Road to G20: Investment Forum on 'Encouraging the Acceleration of Sustainable Investment and Inclusive' in Jakarta today, May 18.In addition, said Bahlil, the export ban on raw mining and mineral commodities also brings positive impacts to the trade balance, especially with China.Bahlil said that the nickel and tin export ban was instructed by President Joko Widodo or Jokowi as part of Indonesia's development of new, renewable, and eco-friendly energy-based industries.The minister added that after nickel and tin, Indonesia will also stop exporting bauxite in raw form. "We will stop bauxite in 2022 and at the end of 2022 we will stop tin exports."Source: https://en.tempo.co/read/1592798/minister-confirms-indonesia-will-stop-exporting-tin-bauxite-this-year
News
20 May 2022, 09:12 AM

Ministry of Industry supports NIS industrial area in the downstreaming of nickel-based industries

www.idnfinancials.com
1417 Views
The development of industrial estates outside Java accommodates the downstream policy of natural resource-based industries. This is able to significantly increase the added value of commodities, also contribute to import substitution efforts, increase labor absorption, as well as improve the welfare of the community and the economy in the region.The Ministry of Industry (Kemenperin) encourages the establishment of industrial areas to carry out industrial downstream activities, including nickel-based ones. With nickel reserves of 72 million tons, or 52% of the world's total nickel reserves (2020 data), Indonesia has a great attraction for investment in the industrial sector."The Ministry of Industry has compiled industrial regional development until 2035 which includes increasing the role of regions outside Java in creating added value for the non-oil and gas processing industry sector by 40% of the total added value of the national non-oil and gas processing industry sector," said Expert Staff of the Minister of Industry for Business Climate. and Andi Rizaldi's investment in North Konawe, Southeast Sulawesi, Thursday (19/5).The targets include the construction of 36 Industrial Estates with development priorities outside Java, which is supported by the provision of around 50,000 ha of land and the construction of new Small and Medium Industry (IKM) centers, at least one IKM Center in each Regency/City.On this occasion, Indonesian Vice President Ma'ruf Amin inaugurated the groundbreaking for the Nusantara Industri Sejati (NIS) industrial area in Motui District, North Konawe Regency, Southeast Sulawesi. "The government encourages the development of KI NIS so that it is able to optimize the added value of downstreaming, create jobs, and encourage the regional economy," said the Vice President.KI NIS will build a smelter using Rotary Kiln-Electris Furnice (RKEF) technology. Production capacity in the early stages of 70,000 tons, with 10-12 percent Nickel content. This smelter will be built using the area of ​​the first phase, which is 375 hectares.Source: https://www.idnfinancials.com/news/43141/ministry-industry-supports-nis-industrial-downstreaming-nickel-based-industries
News
18 May 2022, 07:12 AM

Nickel Mines acquires Indonesian nickel-cobalt project

www.asiaminer.com
1705 Views
Australia-based Nickel Mines has signed a binding definitive agreement for the staged acquisition of a 100% interest in the Siduarsi nickel-cobalt project in Papua province, Indonesia. The deal includes an initial A$500,000 cash payment.Siduarsi is a sixth generation Contract of Work (CoW) held by PT Iriana Mutiara Mining, and is one of only four active nickel CoWs in Indonesia. The other three are PT Vale Indonesia’s Wilayah Konsesi concession area, PT Weda Bay Nickel’s Weda Bay project and Asahan Aluminium’s Gag Island project.Nickel Mines has completed over 100,000 metres of ground penetrating radar and 2,976 m of drilling (174 holes) since the signing of a memorandum of agreement in September 2021.“The GPR and drilling completed to date as part of our due diligence supports the potential for Siduarsi to host a large, world-class limonite deposit very well suited to development of a large [high pressure acid leach] project along with discrete pods of higher grade saprolite with up to 2.44% nickel grades,” said Managing Director Justin Werner.Nickel Mines also announced this week the commissioning of its fourth and final RKEF production line at the 80%-owned Angel nickel project in the Indonesia Weda Bay Industrial Park on Halmahera Island.Source: https://asiaminer.com/news/latest-news/11044-nickel-mines-acquires-indonesian-nickel-cobalt-project.html#.YoWIo6hBy5d
News
17 May 2022, 09:10 AM

Coal Companies Propose Revised RKAB

www.industri.kontan.co.id
1773 Views
The Ministry of Energy and Mineral Resources (ESDM) ensures that a number of coal companies have submitted a revised Work Plan and Budget (RKAB).Director of Coal Business Guidance at the Ministry of Energy and Mineral Resources, Lana Saria, revealed that several Mining Business Permits (IUPs) have submitted plans to change the RKAB. "Both (for) an increase in production plans and a decrease in coal production in 2022," said Lana to Kontan, Monday (16/5).Lana explained, generally plans to reduce production are submitted following the company's production results in the first quarter of 2022. In addition, the company is also considering the projected constraints for production in the rest of the year. Meanwhile, changes in plans to increase production are generally carried out following an increase in the company's production capacity.Although she did not elaborate further on how many companies submitted a revised RKAB, Lana ensured that production for this year was still around the level of 663 million tons. "The realization until April 2022 has reached 29%," explained Lana.Thus, the production achievement in the first four months of 2022 is around 192.26 million tons. Of this amount, the realization of the fulfillment of domestic coal or Domestic Market Obligations (DMO) reached 33% of the target or equivalent to 54 million tons.Source; https://industri.kontan.co.id/news/sejumlah-perusahaan-batubara-ajukan-revisi-rkab
News
15 May 2022, 08:09 AM

BUMA Wins Coking Coal Mining Contract in Australia

www.beritasatu.com
1731 Views
 PT Delta Dunia Makmur Tbk (DOID) announced that its subsidiary, PT Bukit Makmur Mandiri Utama (BUMA), through its Australian subsidiary, BUMA Australia Pty Ltd (BUMA Australia), will soon start a new mining service for Bowen Coking Coal (BCC), a company listed on the Australian Stock Exchange (ASX), for the Broadmeadow East semi-hard coking coal project. The new contract is worth 320 million Australian dollars for a period of three years, with an option for a one-year extension.The project is located 25 km northeast of the town of Moranbah, within the Central Bowen Basin in Queensland. BUMA Australia itself has been operating around the area for 14 years, in the Goonyella project belonging to BHP Billiton and Mitsubishi Alliance (BMA). The project will produce 4.8Mtpa of ROM coal over four years.President Director of PT Delta Dunia Makmur Tbk Ronald Sutardja explained, BUMA Australia's performance and track record has strengthened relationships with existing clients."The strength of the company's business allows us to continue to seek new contracts. We thank theentire BUMA Australia team for successfully securing the second contract in the last five months since our acquisition of Downer Mining East in December last year," said Ronald, in a press statement. , Sunday (15/5/2022).This new contract further supports Buma Australia's presence in the Bowen Basin, with an operational track record of more than 10 years at BMA's Blackwater coking coal mine, and 14 years at BMA's Goonyella coking coal mine.On 22 February 2022, Buma Australia announced that it had secured a new contract extension worth AUD 550 million for five years at BMA's Blackwater mine.This new contract also confirms Delta Dunia Makmur's strategy to remain committed to providing mining services from upstream to downstream and continue to strengthen business lines in Indonesia and Australia.Third, the company is actively managing its funding position, with more than 60% of its liabilities maturing in 2026 or later.Fourth, the company added more than 880 million BCM of overburden removal and more than 119 million tons of coal production to its order book through new contracts and contract extensions (excluding contracts announced in 2022).Fifth, the company completed the acquisition of Downer Mining East, an Australian Tier 1 mining contractor, which increased the company's BCM and annual revenue by around 50 percent.Sixth, the company started its commodity diversification, through the acquisition of a 15.4% stake in Asiamet Resources with a portfolio of copper and polymetallic projects in Indonesia.Source: https://www.beritasatu.com/ekonomi/927553/buma-raih-kontrak-penambangan-batu-bara-kokas-di-australia/?view=all
News
12 May 2022, 13:11 PM

PT Trimata Benua's Steps to a World Class Mining

www.liputan6.com
1979 Views
PT Trimata Benua (TB) is one of the coal mining companies in Banyuasin Regency, South Sumatra ( South Sumatra ), which targets to become World Class Mining , or a world-class company.Various strategic steps have been taken by PT TB to realize these targets. One of them is by building cooperation with Mining Industry Indonesia (MIND ID), or with other companies, both local and international.Finance Director of PT Trimata Benua, Arya Setyaki said, PT TB wants to help the Indonesian government, in supplying coal for Steam Power Plants (PLTU) throughout Indonesia. As well as developing new renewable energy as a primary energy source in the future."We also want to improve the wheels of the economy, welfare and standard of living of local residents and surrounding areas, so that they will be better in the future," he said, Thursday (12/5/2022).Since PT TB started cooperation with MIND ID on February 18, 2022, Arya continued, they have completed the first shipment for MIND ID.From this cooperation, the coal mining company gets various benefits. Among other things, the establishment of a cooperative relationship with one of the Indonesian State-Owned Enterprises (BUMN).And also being able to compete to be bigger, such as companies that are shaded by MIND ID such as PT Bukit Asam, Inalum, Freeport and others.Arya continued, there are several sectors that will continue to be improved. Such as maximizing the improvement of Human Resources (HR) in Indonesia as much as possible, especially the sons of the region in Palembang and its surroundings. Source: https://www.liputan6.com/regional/read/4961278/langkah-pt-trimata-benua-wujudkan-world-class-mining?utm_source=Digital+Marketing&utm_medium=Partnership&utm_campaign=
News
11 May 2022, 12:01 PM

ZINC sales grew 38% in 2021

www.idnfinancials.com
1399 Views
PT Kapuas Prima Coal Tbk (“ZINC”), posted growth in performance both in terms of sales and net income during 2021. ZINC recorded sales of IDR838.8 billion, an increase of 38% compared to 2020 which was recorded at IDR608.1 billion. Meanwhile, ZINC's net income also shot up 165% to reach IDR77.2 billion from IDR29.1 billion in the same period in the previous year. This achievement was driven by additional sales of iron concentrates amounting to IDR126.3 billion and sales of ZINC iron ore which increased very significantly in 2021 reaching 734% or IDR61.8 billion. ZINC Director Evelyne Kioe explained, “The year 2021 had been quite challenging for the dynamics of the domestic and global industry. Because several new variants of the Covid-19 virus emerged that year, slightly hampering the economic recovery. However, we are grateful that we were able to go through this challenging year with satisfactory results. Supported by rising commodity prices and increasing demand for concentrates, ZINC's sales had still been able to grow in 2021. We hope that in 2022, ZINC's sales can grow even better with a sales target of around IDR1.2 trillion.” During 2021, ZINC's sales were still dominated by sales of zinc concentrate (Zn) amounting to IDR386.8 billion or an increase of about 27% compared to the same period in 2020 which was recorded at IDR304.9 billion. Then ZINC silver sales also increased by 10% to IDR185.4 from IDR168.8 billion in 2020. Meanwhile, sales for lead concentrate (Pb) were recorded at IDR134.0 billion or increased by 5% from IDR127.0 billion in 2020. Evelyne continued, seeing that 2022 economy has started improving compared to the previous year, ZINC is optimistic that this year it can achieve the performance targets that have been set, with ZINC projecting to produce 550,000–642,000 tonnes of ore. As for sales, ZINC targets to sell around 31,980 tonnes of lead concentrate and 61,245 tonnes of zinc concentrate in 2022. We also have a target for iron ore of 180,000 tonnes by the end of the year. Source: https://www.idnfinancials.com/news/42978/zinc-sales-grew
News
10 May 2022, 14:24 PM

The Ministry of Energy and Mineral Resources Asks Nickel Companies to Follow Benchmark Prices

www.industri.kontan.co.id
2895 Views
The Ministry of Energy and Mineral Resources (ESDM) has asked nickel business actors, both miners and smelter entrepreneurs, to comply with the applicable Mineral Benchmark Prices (HPM). This was revealed in a copy of the Letter of the Directorate General of Mineral and Coal (Ditjen Minerba) Number T-1780/MB.04/DJB.M/2022 obtained by Kontan.co.id.The letter, dated April 26, 2022, contains the obligation to use metal HPM in the sale and/or purchase of nickel commodities. This letter, which was signed by the Director General of Mineral and Coal, Ridwan Djamaluddin, is addressed to the Board of Directors/Management of Nickel Commodity Mining Business License Holders and Directors/Management of Nickel Commodity Industrial Business License Holders/Facilities for Processing and/or Purification of Nickel Commodities.Meanwhile, the points in the letter relate to the implementation of the provisions of the Regulation of the Minister of Energy and Mineral Resources Number 07 of 2017 concerning Procedures for Setting Standard Prices for Metal and Coal Mineral Sales as amended several times, most recently by Regulation of the Minister of Energy and Mineral Resources Number 11 year 2020. In addition, it is also related to the issuance of the Decree of the Minister of Energy and Mineral Resources Number 67.K/HK.02/MEM.B/2022 concerning Reference Metal Mineral Prices and Reference Coal Prices for April 2022."The calculation of the nickel metal HPM formula for April 2022 must use the Reference Mineral Price (HMA) determined based on the Decree of the Minister of Energy and Mineral Resources Number 67.K/HK.02/MEM.B/2022 concerning Reference Metal Mineral Prices and Coal Prices. Reference for April 2022," said Ridwan as quoted from the first point in the letter, Tuesday (10/5).Furthermore, holders of nickel commodity mining business permits and holders of industrial business permits/processing and/or refining facilities for nickel commodities in selling and/or purchasing nickel ore must refer to the HPM for nickel metal. Meanwhile, the holder of a nickel commodity mining business permit and the holder of an industrial business permit/processing and/or refining facility for nickel commodities selling and/or purchasing nickel ore without referring to the metal HPM will be subject to sanctions in accordance with the provisions of the legislation.Previously, the polemic on the selling price between the miners and the smelter industry did occur, especially in the midst of high nickel ore prices. Secretary General of the Indonesian Nickel Miners Association (APNI) Meidy K. Lengkey explained that the HPM for nickel metal in April 2022 reached US$ 80 per wet metric ton (wmt). This value is higher than the March 2022 HPM which was only US$ 50 per wmt. In this condition, many smelter business actors wish to enter into contracts with miners at prices in March and not at prices in April.This condition is also considered to be burdensome for mining business actors. This is because business actors will pay their obligations to the state in accordance with the applicable HPM. This means, if the miner sells at a price of US$ 50 per wmt, then the amount of liability that must be paid refers to the applicable HPM of US$ 80 per wmt."The year-end tax, corporate income tax will be extraordinary because the price has been set," explained Meidy to Kontan, Tuesday (10/5). Meidy also hopes that in the future all business actors can follow the rules that have been set.Source: https://industri.kontan.co.id/news/kementerian-esdm-minta-pelaku-usaha-nikel-ikuti-ketentuan-harga-patokan-mineral
News
10 May 2022, 09:12 AM

Far East Gold begins revised scoping study for Wonogiri copper-gold project

www.smallcaps.com.au
1878 Views
Far East Gold (ASX: FEG) has begun a revised scoping study for its Wonogiri copper-gold project in Indonesia’s south central Java region, as survey work continues at Woyla. The company has engaged Mining One Consultants to update former owner Augur Resources’ scoping study that was prepared in 2016.As part of this, Mining One has begun metallurgical test work on porphyry and epithermal drill core samples, and will reassess the study based on current commodity prices, and an optimal processing flow sheet. The previous scoping study was based on a 2016 gold price of US$1,350 per ounce and copper attracting US$5,500 per tonne.Far East noted Mining One had already provided it with a pit optimisation study for Wonogiri, which included a high-level open-pit and underground mining scenario for the Randu Kuning deposit.Initial metallurgical resultsThe metallurgical test work is looking at gold and copper samples of Wonogiri porphyry ore, which has head grades ranging from 0.8-1.7 grams per tonne gold and 0.11-0.21% copper. Epithermal samples are also being analysed for optimal recoveries with head grades ranging from 0.58-10g/t gold and 6-8.5g/t silver.Initial porphyry metallurgical results have achieved 35-51% gold recoveries using simple gravity. A further 83-85% of the gold in the gravity tailings can be recovered using conventional carbon-in-lead processing. To-date, overall gold recoveries ranged from 90-91%, with associated silver recoveries of around 65%.Under the test work program, Far East is investigating reducing cyanide usage and potentially regenerating cyanide to further minimise consumption.Potential to grow resourcesAugur previously developed a JORC 2012 resource for Wonogiri’s Randu Kuning deposit, which contains 1.15 million ounces of gold equivalent. This comprises 996,000oz of gold and 190 million pounds of copper.Far East noted that the potential to grow these resources is indicated by previous drilling where an extensional hole intercepted 37m at 1.77g/t gold and 0.23% copper from 458m, with mineralisation remaining open at depth.Woyla copper-gold projectIn parallel with the updated scoping study at Wonogiri, Far East is advancing its Woyla copper-gold project in Indonesia’s Aceh region. The project covers 24,260 hectares and Far East is increasing its 51% stake to 80% by completing a feasibility study and delivering a maiden JORC resource.Exploration at Woyla is underway with an induced polarisation (IP) survey crew mobilised to the project site last month. The survey is being carried out as part of a collaboration with the Indonesian Government’s Ministry of Energy and Mineral Resources.Initial survey work has been completed at the Anak Perk North section of the Anak Perak prospect, and will begin at the Anak Perak Main Zone section of the prospect later this week. Far East is anticipating survey results early next month.The rationale behind the survey is to further Far East’s understanding of the 4.7km epithermal vein system identified at the project, where rock chip sampling has uncovered up to 119g/t gold and 361g/t silver.Results from the survey along with the historical mapping, sampling and trenching will be used to pinpoint targets for the maiden drill program at Woyla.Source: https://smallcaps.com.au/far-east-gold-begins-revised-scoping-study-wonogiri-copper-gold-project/

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