Nickel Industries completes Hengjaya to IMIP haul road
Nickel Industries completes Hengjaya to IMIP haul road
09 Aug 2023, 12:00 PM 6217

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

Ministry of Energy and Mineral Resources Plans to Increase National Coal Production This Year
Ministry of Energy and Mineral Resources Plans to Increase National Coal Production This Year
09 Aug 2023, 09:00 AM 6855

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

Adaro Minerals (ADMR) Records Coal Production Up 66 Percent in H1 2023
Adaro Minerals (ADMR) Records Coal Production Up 66 Percent in H1 2023
09 Aug 2023, 08:00 AM 6333

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

Black Diamond (COAL) Partners with SAP to Digitize Its Operations
Black Diamond (COAL) Partners with SAP to Digitize Its Operations
04 Aug 2023, 12:00 PM 5600

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

Amman Mineral (AMMN) Secured USD 350 Million Capital
Amman Mineral (AMMN) Secured USD 350 Million Capital
03 Aug 2023, 09:00 AM 6609

PT Amman Mineral Internasional Tbk. (AMMN) said that the company has signed a Banking Loan Facility worth USD 350 million with several banks in Indonesia and Singapore. This was conveyed by the Corporate Secretary of AMMN, Vemmy Febrianti, in a written statement quoted on Wednesday (2/8).Vemmy said that this facility can be withdrawn at any time according to the request of the Company's subsidiary, PT Amman Mineral Nusa Tenggara (AMNT). These funds can later be used by AMNT for general corporate purposes, working capital, capital expenditures, payment of fees, costs and expenses in connection with related facilities."This facility will be paid back within 4.5 years with a repayment date of December 23, 2027," he said. This Banking Loan Facility is guaranteed on a pari passu basis with other existing AMNT senior facilities.However, Vemmy stressed, this Banking Loan Facility does not have a direct impact on Issuers or Public Companies, but indirectly through AMNT."The direct impact of this Banking Loan Facility on AMNT is the impact of operations and business activities as a support in increasing AMNT's liquidity to finance its operational activities and to increase its business activities (including the AMNT expansion program)" he said.PT Amman Mineral Internasional Tbk (AMMN) listed its initial shares on the IDX on 7 July 2023 as the 45th Listed Company on the IDX. The funds obtained from this IPO amounted to IDR 10.726 trillion.PT Amman Mineral Nusa Tenggara (AMNT) is a subsidiary of PT Medco Energy (MEDC) engaged in mining which operates a 25,000ha copper and gold mine located on Sumbawa Island, Nusa Tenggara, Indonesia.Image source: AMMNSource: https://www.emitennews.com/news/buat-modal-kerja-amman-mineral-ammn-raih-pinjaman-usd350-juta-dari-perbankan

President Jokowi Calls Nickel Downstreaming in Central Sulawesi Successfully Employed 71,500 People
President Jokowi Calls Nickel Downstreaming in Central Sulawesi Successfully Employed 71,500 People
02 Aug 2023, 12:00 PM 5429

Downstreaming continues to be rolled out by President Jokowi . Because it has a positive impact on the economy.In fact, President Jokowi said nickel downstream in Central Sulawesi ( Central Sulawesi ) had succeeded in recruiting tens of thousands of workers ."In Central Sulawesi , before downstreaming , only 1,800 workers were involved in nickel processing . After downstreaming , there are 71,500 workers who can work because of downstream nickel in Central Sulawesi ," President Jokowi said as quoted from Setkab's website.This was conveyed by President Jokowi inaugurating the Board of Directors of the National Leadership Council (DPN) of the Indonesian Employers' Association (Apindo) for the 2023-2028 term on Monday 31 July 2023.He emphasized that downstream industry is an important step for Indonesia to become a developed country in 2045."If we can do that, then downstream is successful for all minerals, plantations, agriculture, fisheries, everything can be downstreamed. If the World Bank, McKinsey, IMF, OECD calculate it from 2040 to 2045, I'm sure this can be somewhat advanced," he said.In addition, downstream also makes a major contribution to state revenues. In the past, from 2014 to 2015, according to President Jokowi , the government generated approximately IDR 31 trillion from exports of raw materials."After downstreaming , it becomes IDR 510 trillion. Back again, from USD2.1 billion it jumped to USD33.8 billion. So how many times did you jump? This is just a few derivatives, "he continued.In addition, President Jokowi said downstream also had a positive impact on regional economic growth. This will then affect national economic growth."In North Maluku (regional economic growth) previously averaged 5.7 percent, after downstream it was 23 percent. If all provinces have growth like that, ladies and gentlemen, can you imagine the aggregate of all of them will be how much our national economic growth will be," he added.Furthermore, President Jokowi emphasized that this downstream program does not stop at the mineral industry only.But also in other sectors. For this reason, the President invited entrepreneurs to participate in supporting the downstream program .“We have to start, Apindo has to start thinking that way. All products that are still shipped raw must start (shipped semi-finished goods or finished goods). Banks also have to think about financing downstream in the fields I mentioned earlier," he said. Image source: SANGALUSource: https://www.sangalu.com/ekonomi/839665353/presiden-jokowi-sebut-hilirisasi-nikel-di-sulteng-berhasil-pekerjakan-71500-orang

UNTR's Net Profit Increases 8% to IDR 11.2 Trillion
UNTR's Net Profit Increases 8% to IDR 11.2 Trillion
02 Aug 2023, 09:00 AM 5484

PT United Tractors Tbk (UNTR), a company engaged in the distribution of heavy equipment and mining contractors, managed to record an 8% increase in net profit to IDR 11.2 trillion in the first half of 2023, compared to the previous year which reached IDR 10.4 trillion. According to Ellen May, Founder and CEO of Emtrade, simultaneously with an increase in net profit, UNTR recorded a net income of IDR 68.7 trillion, an increase of 14% from the same period the previous year which amounted to IDR 60.4 trillion. "Technically, United Tractor's revenue rose 14% to IDR 68.7 trillion. Then the net profit has increased by 8% on an annual basis and on a quarterly basis it has increased by 10%,” explained Ellen, quoted from her Youtube channel on Tuesday (1/8/2023).Ellen said that UNTR's performance was boosted because the income of each segment increased. Each segment contributes differently to the total consolidated net income. Mining contractors, construction machinery, coal mining, gold mining, construction industry and energy contributed 35%, 30%, 29%, 5%, 1% and less than 1% respectively to the total consolidated net income."The construction machinery business segment recorded an increase in sales starting from Komatsu heavy equipment by 9% to 3,145 units compared to last year's 2,873 units," he explained.In total, the net income of the UNTR construction machinery business segment increased 16% to IDR 20.3 trillion. Pama's revenue as a mining contractor reached Rp 24.3 trillion, up 22% from Rp 20 trillion."Revenue for each segment has also increased from heavy equipment by 16%, mining contractors have increased by 22% , it's expensive. So, this is an expensive competitor," he explained.Meanwhile, the coal mining business segment operated by PT Tuah Turangga Agung (TTA) until June 2023 managed to record total coal sales of 6.4 million tons, including 1.3 million tons of metallurgical coal. This figure represents an increase of 11% compared to the first half of 2022."Revenue of the coal mining business segment increased by 8% to IDR 20.1 trillion from IDR 18.7 trillion in the same period in 2022," he added.Furthermore, PT Agincourt Resources (PTAR) in the Martabe gold mine segment in North Sumatra recorded total gold equivalent sales of 110,000 ounces until June 2023. This figure shows a decrease of 24% compared to the same period in 2022 which reached 144,000 ounces."The gold segment fell by 24%, so it was just 110,000 ounces," he concluded.Image source: UNTRSource: https://wartaekonomi.co.id/read509229/laba-bersih-untr-meningkat-8-jadi-rp112-triliun-pendapatan-tiap-segmen-naik

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