ADMR Pockets IDR 2.5 T to Build an Aluminum Smelter
ADMR Pockets IDR 2.5 T to Build an Aluminum Smelter
31 Aug 2023, 09:00 AM 5945

PT Adaro Energy Tbk (ADRO) through its subsidiary has pocketed financing (financial close) for the construction of its aluminum smelter with an acquisition value of IDR 2.5 trillion.As is well known, Adaro Minerals Indonesia (ADMR) intends to develop an aluminum smelter and related supporting facilities under PT Kalimantan Aluminum Industry (KAI).The aluminum smelter project with a capacity of 500,000 tons per year is located in an industrial area in North Kalimantan, Indonesia.In the second quarter of 2023, KAI has also completed land preparation, earthworks and jetty construction for the project. KAI is also continuing to build temporary dormitories for employees and other infrastructure facilities.President Director and Chief Executive Officer Garibaldi Thohir admitted that this financial close step was a good stepping stone for his company."Fulfillment of the financing obtained for the aluminum smelter and related supporting facilities is a significant event in Adaro's business expansion into the mineral processing sector," Said State Owned Minister Erick Thohir, quoted on Wednesday (23/8/2023).It is also committed to seeking an optimal balance between shareholder returns and business expansion.It is known, in the first half of 2023, the production volume of ADRO and its subsidiary companies reached 33.41 million tonnes, up 19% from the same period last year. The sales volume target for 2023 ranges from 62-64 million tonnes.Meanwhile, sales of metallurgical coal through its subsidiary, ADMR, increased 42% to 1.82 million tonnes in 1H23. Previously, ADMR targeted sales volume in the range of 3.8-4.3 million tonnes this year.Image Source: ADMRSource: www.cnbcindonesia.com/ADMR Kantongi Rp 25 T Buat Bangun SmelterAluminium

Inalum is Ready to Increase Aluminum Production to 300 Thousand Tons Per Year
Inalum is Ready to Increase Aluminum Production to 300 Thousand Tons Per Year
31 Aug 2023, 08:00 AM 5934

PT Indonesia Asahan Aluminum (Inalum) targets aluminum production to increase to 300 thousand tons in 2024. Main Director of INALUM Danny Praditya revealed that this additional production was supported by the completion of an increase in production facilities from the existing smelter in Kuala Tanjung."Contractually until August 2024 it will be completed and increase production capacity from 250 thousand to an additional 25 thousand and optimization is expected to add 25 thousand so that the total output is 300 thousand tons per year," said Danny in a Hearing Meeting (RDP) with Commission VII DPR RI, Thursday (24/8).Danny explained, currently the total need for aluminum for the domestic market reaches 1.2 million tons per year. It is noted that domestic aluminum production has only been carried out by Inalum. Thus, much of the demand for aluminum still has to be met from the import market.Seeing this opportunity, Danny emphasized that two strategic initiatives for the expansion of brownfield and greenfield aluminum are very important to meet domestic demand.For this reason, currently Inalum is focusing on completing the Smelter Grade Alumina Refinery (SGAR) project with PT Aneka Tambang Tbk (ANTM).Phase I of the project is expected to start operating in the second half of 2024. In parallel, Inalum will also search for strategic partners to work on phase II of this project."This is also needed to meet the need for brownfield and greenfield expansion from aluminum smelters," explained Danny.Meanwhile, the US$ 830 million project is being managed by a joint venture between Inalum and Antam, namely PT Borneo Alumina Indonesia. In the joint venture, Inalum holds a 60% stake and Antam holds 40%.Image source: DOK/MIND IDSource: www.industri.kontan.co.id/Inalum Siap Kerek Produksi Aluminium Menjadi 300 Ribu Ton Per Tahun

IMC Pelita Logistik (PSSI) Aims for a Net Profit of USD 42 Million in 2023
IMC Pelita Logistik (PSSI) Aims for a Net Profit of USD 42 Million in 2023
30 Aug 2023, 09:00 AM 5201

PT IMC Pelita Logistik Tbk ( PSSI ) is optimistic that demand for transportation will still be high until the end of the year. At the same time, PSSI is targeting an increase in the top line and bottom line.Corporate Communication of IMC Pelita Logistics Hariman Chalid explained that until the end of 2023, his company targets to pocket a net profit of US$ 42 million with revenues of US$ 104 million.Hariman said that his party was optimistic that they could record growth because coal is still a flat industry need in 2023. PSSI projects that the demand for coal transport will still be maintained."We have pocketed both short and long term work contracts with consumers. So there is already a guaranteed transport volume of around 80%–85% in 2023," he told Kontan, recently.As of June 2023, PSSI managed to record operating revenues of US$ 53.27 million, down 5.18% on an annual basis from US$ 556.19 million. This means that PSSI has pocketed 51.22% of the revenue target.Even so, profit for the period attributable to the owners of PSSI's parent entity reached US$ 30.05 million. This value jumped 60.08% year-on-year from US$ 18.75 million.As of semester I-2023, PSSI already has one new tugboat alias tugboat. This year, IMC Pelita Logistics targets to add several new ships."The estimate for the addition of ships is around five to six units. We see the need, market demand for transportation services and the price of ship materials," he said.However, the increase in net profit was mainly supported by gains from the sale of fixed assets owned by IMC Pelita Logistik amounting to US$ 15.68 million. This post increased 365.07% from US$ 3.37 million.Main Director of IMC Pelita Logistics Iriawan explained, his party had rejuvenated its fleet to seize business diversification opportunities throughout the second quarter of 2023."We divested several inefficient and high-cost ship assets in the second quarter as part of our asset rejuvenation initiative," explained Iriawan. Image source: KONTAN/Amalia Nur FitriSource: www.investasi.kontan.co.id/IMC Pelita Logistik PSSI Bidik Laba Bersih US 42 Juta Di 2023

Fitch Affirms ABM Investama at 'B+'; Outlook Stable
Fitch Affirms ABM Investama at 'B+'; Outlook Stable
30 Aug 2023, 08:00 AM 5278

Fitch Ratings has affirmed PT ABM Investama Tbk's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'B+'.The Outlook is Stable. Fitch has also affirmed ABM's outstanding senior unsecured US dollar notes at 'B+' with a Recovery Rating of 'RR4'.The affirmation reflects our expectation that ABM's business profile will remain in line with its rating. ABM benefits from increasing overburden (OB) removal volumes at its coal-contracting subsidiary, PT Cipta Kridatama (CK), although this is partly offset by declining profitability of its coal mining segment. We expect ABM's financial profile to remain strong for its rating, with net leverage, measured by net adjusted debt/EBITDAR, remaining below 2.0x (2022: 1.4x) over the medium term, based on our coal-price assumptions.Rising OB Volume: Fitch expects CK's OB volume to reach about 270 million bank cubic metres (mbcm) by 2024 (1H23: 131mbcm; 2022: 203mbcm), on clients' higher planned output and a potential new contract by end-2023. We expect CK's OB volume to benefit from ABM's 30% stake in PT Golden Energy Mines Tbk (GEMS, BB-/Stable). GEMS' key mine, PT Borneo Indobara (BIB), has a competitive cost position and we expect it to drive GEMS' annual coal output to 50 million tonnes (MT) by 2025 (1H23: 20.4MT; 2022: 38.4MT). We expect BIB to make up 25% of CK's OB volume from 2024 (2022: 7%).ABM expects CK's OB volume to continue rising after reaching 300mbcm in 2024. Fitch's lower volume forecasts are based on expectations that as coal prices moderate, coal miners with higher cost positions will not be able to sustain the volume addition seen in the last two years, when commodity prices were at record highs. Some of CK's key customers, excluding GEMS, operate mines with relatively high costs. That said, miners may have flexibility to modify plans to manage costs when coal prices are weak.Strong Financial Profile Despite Expansion: We expect ABM's cashflow to be adequate to support its investments and strong financial profile. ABM plans capex of USD360 million at CK in 2023-2024 (2022: USD240 million), including expansion and maintenance, for which it raised USD170 million of new debt in 1H23 and a USD125 million bank loan in 2022. We believe ABM's expansion plan is supported by relationships with affiliates, including PT Trakindo Utama, a long-term distributor of Caterpillar Inc. (A+/Stable), which provides most of the equipment, spare parts and servicing for ABM's coal-contracting business.Weakening Coal-Mining Profitability: We forecast the profitability (EBITDA/ tonne) of the coal mining segment to plunge to around USD6 from a multi-year high of USD26 in 2022 due to falling coal prices and reserve depletion at ABM's PT Tunas Indi Abadi (TIA) mine by 2024. ABM's other mines - PT MIFA Bersaudara and PT Bara Energi Lestari (BEL) - have reserve lives of around 20 years, but produce lower calorific value coal, resulting in lower profitability. We expect production volume to remain at about 12MT (1H23: 6MT, 2022: 12.7MT), with higher volume at MIFA and BEL offsetting TIA's decline.ABM's investment plans include acquisition of coal mines to augment its coal mining segment. Fitch will treat such acquisitions as event risk.Regulatory Risk Manageable: There are risks to growth in ABM's coal mining segment because MIFA and BEL may not be able to comply with domestic market obligations (DMO) to supply 25% of their coal locally given their low calorific value coal and remote geographic location, which results in poor domestic demand. However, we believe the risk is manageable and ABM pays a penalty for non-compliance in line with the regulations.Consistent Dividends from GEMS: Fitch expects ABM to receive annual dividends of USD90 million-125 million from GEMS over the medium term. GEMS has consistently paid a minimum of 80% of its free cash flow as dividends. Fitch expects the dividend income from GEMS to comfortably cover servicing of the amortising bank loan raised by ABM to buy a 30% stake in GEMS in 3Q22.Integrated Business Model: ABM benefits from the synergies created by its integrated business model, with four businesses across the value chain: coal-mining contracting, coal mining, logistics and engineering. However, the majority of earning are linked to thermal coal, with the coal-contracting business and coal mines together accounting for more than 75% of EBITDA.Image source: https://www.abm-investama.com/Source: www.marketscreener.com/Fitch Affirms ABM Investama at B Outlook Stable

Implementing Good Mining Practice, TIA Wins ASEAN Coal Awards
Implementing Good Mining Practice, TIA Wins ASEAN Coal Awards
29 Aug 2023, 09:00 AM 5428

In line with the government inviting all parties to work together to reduce carbon emissions, PT Tunas Inti Abadi (TIA) managed to record a potential carbon sequestration in the reclamation area of ​​80,735 tons of CO2eq through mangrove rehabilitation at the port of 4,365 tons of CO2eq, as well as rehabilitation of watersheds (DAS) 105,925 tonnes CO2eq. This activity is a development for the community in achieving better social, economic and cultural conditions.Since 2013 TIA has taken several steps to reduce carbon emissions, including rehabilitating the watershed which covers 2,068 ha of land. This achievement exceeds the company's regulatory obligations which amount to only 1,745 ha. Of this total, 1,736 ha are located in the Sultan Adam Forest, South Kalimantan.This concrete action made the company under the auspices of ABM Investama (ABM) win the 1st runner up award from the ASEAN Coal Awards in the Best Practices in Coal Surface Mining category. "The awards we have won are inseparable from our commitment to implementing good mining practices. We realize that it is important for mining companies to protect the environment, worker safety, and manage mine waste so that it has a positive impact on the environment. This award is an incentive for us to be even better in the future,” said PT Tunas Inti Abadi (TIA) Director Dadik Kiswanto after receiving the award from the Director-General of the ministry's General Department of Mines and Energy Cambodia Victor Jona recently.The ASEAN Coal Awards is a routine activity held every two years by the ASEAN Center for Energy (ACE). This activity is a form of ASEAN regional commitment in promoting the use of coal technology while still paying attention to the environment.One of the ASEAN Coal Awards assessment standards is the company's impact on the environment and human resources. In its assessment, TIA managed to get a high score for community development through the rehabilitation program. This rehabilitation program has directly benefited 1,200 members of the local community of the Alimpung Forest Farmers Group who have been earning income from tapping rubber since the COVID-19 pandemic broke out.Meanwhile, in terms of productivity, the volume of coal produced by TIA continues to increase. In 2016 the company produced 5.82 million tons of coal from only 112,000 tons in 2009. Not only that, TIA also contributes to the energy security of ASEAN countries through the supply of coal, including exports to Vietnam, the Philippines and Thailand. This amount excludes fulfilling the obligation to supply coal to the country (Domestic Market Obligation/DMO).TIA's involvement in carrying out good mining practices is also implemented in K3 in the mining area and focuses on developing human resources as well as employee skills. During 14 years of operation, TIA recorded 56 million manhours with Zero Fatalities. In the last three years, the Company has also managed to invest more than US$ 105,475 and 7,786 hours for training programs as well as skills development.“All of the company's operational activities are of course carried out with great care. The company also continues to educate regarding the importance of employee safety and resilience. Routinely, we hold OSH briefings, describe OSH values, and provide training and certification to employees of all levels," explained Dadik.Likewise, Director of PT ABM Investama Adrian Erlangga, added, the award won by TIA is proof that the company is capable of realizing the role of mining in achieving the Sustainable Development Goals (SDGs). This is because mining activities not only prioritize profits, but also environmental aspects and worker safety.“We never stop thanking all parties for encouraging us to continue to provide the best performance. We assess the impact of implementing governance within the ABM Group in line with increasing social and environmental responsibility, so that it has an impact on sustainable company performance," said Adrian.Image source: www.inews.idSource: www.inews.id/Terapkan Good Mining Practice TIA Raih Penghargaan ASEAN Coal Awards

Vale Collaborates with Huayou and Huali to Build HPAL Smelter in Sorowako
Vale Collaborates with Huayou and Huali to Build HPAL Smelter in Sorowako
29 Aug 2023, 08:00 AM 6621

PT Vale Indonesia Tbk (INCO) officially signed a definitive cooperation agreement with Zhejiang Huayou Cobalt Co Ltd, and PT Huali Nickel Indonesia (Huali) for the construction of a nickel processing facility with high pressure acid leaching (HPAL) technology located in Sorowako, South Sulawesi.The consortium targets to produce 60,000 tonnes of nickel and 5,000 tonnes of cobalt per year in the form of mixed hydroxide precipitate (MHP) which can be processed into electric vehicle ( EV) batteries.The smelter will process limonite nickel ore from the Sorowako block. Meanwhile, the HPAL factory will be located in Malili, East Luwu, South Sulawesi.Vale Indonesia CEO Febriany Eddy explained, this project together with the latest progress of the Pomalaa HPAL project and the Morowali project are part of realizing the company's commitment to growth and fulfilling the company's investment commitments."This collaboration is in line with the vision to develop the domestic electric vehicle ecosystem, while at the same time making Vale a major contributor in responding to the challenges of world decarbonization, with investments that are able to bring local economic improvements, and ensure the empowerment of Indonesia's nickel resources," said Febri in his official statement, Friday (25/8/2023).President Commissioner of Vale Indonesia Desnee Naidoo added that the agreement was a strategic achievement for Vale, as part of the implementation of the company's US$ 8.6 million investment program in Indonesia."Vale is in a unique position and is committed to supporting the acceleration of Indonesia's target for more advanced downstreaming, as well as presenting an attractive electric vehicle supply chain," added Deshnee.Meanwhile, Huayou chairman Chen Xuehua said, cooperation to build an equal future for the lithium industry is a development concept that Huayou firmly adheres to the implementation commitment."This collaboration is another perfect combination of world-class leading practices from Huayou Cobalt, for green and low-carbon HPAL-based processing technology, Indonesia's resource advantages and Vale's sustainable mining consistency," he said.Chen added, Huayou will carry out low-carbon, green and sustainable resource development, as well as carry out in-depth environmental, social and corporate governance (ESG) concepts, to enhance the power of the new energy industry.Image source: Beritasatu.com / Zsazya SenoritaSource: www.beritasatu.com/Vale Gandeng Huayou Dan Huali Bangun Smelter HPAL Di Sorowako

Petrindo Subsidiary Business Diversification to Gold Mineral Exploration and Silica Sand
Petrindo Subsidiary Business Diversification to Gold Mineral Exploration and Silica Sand
25 Aug 2023, 02:00 PM 5726

Developing its business expansion to pursue revenue growth, PT Petrindo Jaya Kreasi Tbk (CUAN) will diversify its business, namely exploration for gold minerals and silica sand. This diversification activity will be carried out by one of the newly established subsidiaries, namely PT Prima Mineral Investindo (PT PMI). This information was conveyed by the company in a press release in Jakarta, yesterday.Director of Petrindo Jaya Kreasi, Daniel Jr. Lopez Laurente said that his party is currently conducting research on silica sand which will be used to manufacture solar panels. "In the next few months we will also explore gold minerals," he said.Daniel said the two minerals would become the focus of CUAN's exploration in business diversification through its subsidiary PT PMI. PT PMI itself is a newly established subsidiary engaged in mineral mining. PMI is prepared as a diversification of the coal mining business that it already owns because CUAN sees that many other minerals have new business opportunities. In addition to establishing PT PMI, CUAN also established two new subsidiaries, namely PT Kreasi Jasa Persada which is engaged in mining services with the aim of integrating mining services in the area around CUAN's IUP.  Furthermore, there is PT Green Natural Investindo (GNI) engaged in the Industrial Plantation Forest sector. GNI later aims to offset carbon emissions produced by other CUAN subsidiaries as compensation for the coal that has been mined. Meanwhile, coal, which is CUAN's main business sector, is said to be stable until the end of 2023.  Main Director of CUAN, Michael said that his party is still optimistic about coal demand until the end of 2023, even though it has experienced a correction compared to last year. This assumption has prevented CUAN from changing its production target of 1.1 million tons of coal by the end of the year. "Until now there have been no revisions, the production target is still the same until the end of 2023," explained Michael.For information, this year PT Petrindo Jaya Kreasi Tbk through its subsidiary PT Tamtama Perkasa targets coal production and sales of up to 1 million tons. Michael conveyed that this target was in accordance with the Work Plan and Budget (RKAB) approved by the Ministry of Energy and Mineral Resources (ESDM).He explained that the company's coal production volume as of December 31, 2022 had reached 50% of the set target. The type of coal produced by the company owned by conglomerate Prajogo Pangestu is a type of high-calorie coal, namely 6100 kcal/kg GAR with low sulfur and ash content, thus attracting many consumers.Meanwhile, most of the coal produced by CUAN is destined for the export market with 45 percent of coal being exported to Japan. Meanwhile, other countries that are also consumers of CUAN coal are the Philippines, Taiwan, South Korea, and the European region.Image source: www.neraca.co.idSource: https://www.neraca.co.id/article/184732/diversifikasi-bisnis-di-anak-usaha-petrindo-eksplorasi-mineral-emas-dan-pasir-silika

Dian Swastatika (DSSA) Takes Over IDR 2.67 Trillion of Golden Energy (GEMS) Shares
Dian Swastatika (DSSA) Takes Over IDR 2.67 Trillion of Golden Energy (GEMS) Shares
25 Aug 2023, 01:00 PM 5936

Sinar Mas Group, PT Dian Swastatika Sentosa Tbk. (DSSA) took over shares of PT Golden Energy Mines Tbk. (GEMS) worth IDR 2.67 trillion owned by Golden Energy and Resources Limited (GEAR).GEMS Corporate Secretary Sudin Sudirman said the IDR 2.67 trillion transaction was not a sale and purchase transaction, but in the context of reducing capital in GEAR."This transaction is between DSSA and GEAR. GEAR left and DSSA took over," he told Bisnis, Monday (21/8/2023).Based on the disclosure of information, DSSA purchased 411,184,168 GEMS shares at a price of IDR 6,500. As a result, this transaction is worth IDR 2,672,697,092.00.Due to this transaction, DSSA's accumulated ownership of GEMS shares , which was originally 48.42 percent, became 55.42 percent.Previously, DSSA disclosed that the internal restructuring plan of the subsidiary would be carried out through several series of transactions which include the plan to receive GEMS shares, the plan to transfer GEAR shares, and the purchase of GEMS shares owned by GEAR from GEAR public shareholders who choose to receive funds.Previously, at the close of trading session I, Monday (21/8/2023), there was a crossing transaction for GEMS shares worth a total of IDR 2.67 trillion at a price of IDR 6,500 per share, or lower than regular market shares.GEMS shares are currently closing at IDR 6,700 per share or down 0.74 percent. During trading, GEMS moves in the range of IDR 6,675 to IDR 6,925 per share. A total of 124,700 shares were traded with a transaction value of IDR 845.64 million on the regular market.Based on data for June 2023, the shareholding portion of GEMS is Golden Energy and Resources Limited as the controller which is a subsidiary of PT Dian Swastatika Sentosa Tbk. (DSSA) holds 62.49 percent of shares or 3.67 billion shares.Furthermore, PT Radhika Jananta Raya owns 30 percent of shares or the equivalent of 1.76 billion shares and shares circulating in the community are 441.18 million or the equivalent of 7.5 percent.Image source: dssaSource: https://market.bisnis.com/read/20230821/192/1686750/dian-swastatika-dssa-ambil-alih-saham-golden-energy-gems-rp267-triliun

Leading Electric Truck Revolution: Titan Infra Energy Ready to Take Lead
Leading Electric Truck Revolution: Titan Infra Energy Ready to Take Lead
25 Aug 2023, 12:00 PM 4865

In this modern era, the need for energy continues to increase along with population growth and industrial development. One sector that is still heavily dependent on fossil fuels is the coal mining industry. However, awareness of the negative environmental impact of fossil fuels has pushed companies to seek more environmentally friendly solutions. Amidst this paradigm shift, Titan Infra Energy has emerged as a leader in the coal-electric truck revolution aimed at reducing carbon footprint and increasing sustainability.Why Coal Electric Trucks?Electric trucks have become a major highlight in global efforts to reduce pollution and greenhouse gas emissions. With increasingly advanced battery technology, electric trucks are not only more environmentally friendly, but also able to provide competitive performance. In the coal mining industry, electric trucks have the potential to significantly reduce carbon emissions, reduce long-term operating costs and improve corporate image.Titan Infra Energy: Paving the Way for SustainabilityAs a pioneer in the use of electric trucks in the coal mining industry, Titan Infra Energy has demonstrated a strong commitment to sustainability. The company has invested heavily in research and development to provide tough and reliable electric trucks to suit the demands of the harsh working environment in coal mines.Advantages of Titan Infra Energy Coal Electric TruckSuperior Performance: Titan Infra Energy's electric trucks are equipped with state-of-the-art battery technology that provides unrivaled durability and performance. This truck is capable of tackling difficult terrain without sacrificing efficiency.Reduced Emissions: One of the main benefits of electric trucks is the reduction in carbon emissions. By using electrical energy as a power source, this truck does not produce exhaust emissions that damage the environment.Lower Operating Costs: While the initial investment in an electric truck may be higher, the long-term operating costs are much lower than in a fossil fuel truck. This includes lower fuel and maintenance costs.Technological Innovation : Titan Infra Energy is constantly working to improve its electric truck technology. By combining expertise in the mining industry and the latest technology, they create solutions that match customer needs.Bright futureWith Titan Infra Energy's commitment to coal electric trucks , the future of the mining industry is even brighter. We can expect drastic reductions in greenhouse gas emissions, reduced environmental impact, and increased operational efficiency. In addition, the company is also paving the way for further innovation in the use of clean energy in the mining sector.The Important Role of Collaboration  The journey to a wider range of coal electric trucks cannot be taken alone. Titan Infra Energy has opened the door for collaboration with related parties, including leading battery technology manufacturers and trusted research institutions. This collaboration enables the exchange of knowledge, experience and resources to drive the development of better and more efficient electric trucks.Government and Regulatory SupportTitan Infra Energy's efforts to lead the coal electric truck revolution are also supported by government measures and regulations that increasingly support the use of clean energy. Policies that encourage adoption of electric trucks, fiscal incentives for green technologies, and strict enforcement of emission standards have helped create an enabling environment for innovation in the mining sector.Long Term ProfitsInvesting in a coal electric truck is not just about carrying out environmental responsibility, it is also about ensuring a sustainable business continuity. By adopting this technology, companies can reduce regulatory risks and future fluctuations in fossil fuel prices. Long-term operational cost advantages will also provide a significant competitive advantage.Continuous InnovationTitan Infra Energy recognizes that the electric truck revolution is only the beginning of a bigger change. The company has invested heavily in research to develop more efficient battery technologies, fast charging systems, and renewable energy solutions to ensure the sustainability of the mining industry in a sustainable era.Responding to Technical ChallengesDelivering an electric truck capable of operating in a coal mining environment is not an easy task. Titan Infra Energy has overcome these technical challenges through robust design, high-quality materials and rigorous testing. Their electric trucks are not only capable of overcoming difficult terrain, but also provide the efficiency and reliability required in mining operations.Investing in the FutureTitan Infra Energy's commitment to coal electric trucks is a long term investment in the future of a sustainable mining industry. This move will not only impact the companies themselves, but will also inspire other sectors to adopt better sustainable practices.With a strong vision and concrete steps to realize a coal electric truck, Titan Infra Energy has played an important role in changing the paradigm of the mining industry. We are not only witnessing a shift towards clean energy, but also facing a future that is greener, more efficient, and more sustainable. Through innovation, collaboration and a commitment to sustainability, Titan Infra Energy is leading positive change in the way we view coal mining.Image source: https://www.titaninfra.com/Source: https://www.kompasiana.com/titaninfraenergy705/64e18f4308a8b571fb65f094/memimpin-revolusi-truk-listrik-batubara-titan-infra-energy-siap-mengambil-timbal

Metso Explores Mining and Downstream Industry Opportunities
Metso Explores Mining and Downstream Industry Opportunities
25 Aug 2023, 09:00 AM 5764

PT Metso Outotec Indonesia (Metso) officially opens a new office in South Jakarta, Monday (21/8), providing technology and services for the aggregate, mineral processing and metal refining industries.Interim President and CEO of Metso Eeva Sipila said, the opening of this new office is part of Metso's strategy to welcome the downstream industry in Indonesia which is currently in full swing, especially in the mining and metal sectors, especially for the raw material needs for electric vehicle batteries.Metso sees many opportunities in the Indonesian mining and metals industry in general, and in projects involving battery metals in particular.To accommodate Metso's business growth in Indonesia and strengthen its presence in the Asian region, Metso opened a new, larger office in Jakarta."This new office will focus on driving sales, supporting project implementation, and providing sustainable services and solutions for Metso's customers," said Eeva.According to Eeva, Indonesia has the world's largest mineral reserves and resources, which have a key role in driving the global energy transition process. On the world stage, Indonesia is a major producer of metal batteries such as copper, nickel and goldEeva explained, Metso has seen significant growth in recent years and sees a strong future in sustainable mining projects in Indonesia, especially around metal batteries and important commodities.For information, Metso's new headquarters remains in Jakarta but is twice the size of the previous office.The new expanded office in Jakarta ensures that Metso can continue to drive customer growth within Indonesia's dynamic mining community.With the inauguration of the new head office in Jakarta, Metso emphasized the company's long-term commitment to Indonesia.The head office in Jakarta will help drive sales, prepare projects for implementation, coordinate domestic supply, and provide lifecycle, repair and service solutions for existing Metso customers.Image source: KONTAN/Diki MardiansyahSource: https://industri.kontan.co.id/news/buka-kantor-baru-metso-jajaki-peluang-industri-pertambangan-dan-hilirisasi

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