PT. Putra Perkasa Abadi (PT. PPA) has became the first company in Indonesia to incorporate Immersive Technologies’ PRO5 Advanced Equipment Simulator technology, with the first two of four units commissioned in the PPA office at the PT Multi Harapan Utama mine site.Launched at MINExpo 2021, the PRO5 Advanced Equipment Simulator set a new benchmark in realism, reliability and training value for operator training technology, according to Immersive.A commissioning celebration and handover was carried out by Edwin Trisnohadi, Regional Vice President Immersive Technologies Asia & Indonesia region, and Director of PT. PPA, R. Teguh Sapto Subroto. Also present at the event were Sunaryo, Head of PPA Academy, and Teddy Ramdani, Customer Support Manager of PT. United Tractors, Tbk.Equipped with a professional-grade visual system, the PRO5 is the first mining simulator to combine stereoscopic 3D, a one-piece curved display, photo-realistic graphics and RealView™ head tracking technology, according to Immersive. It delivers realism at a level not previously seen by the mining industry, according to the company, with these advancements helping new and experienced mining equipment operators develop competencies at a rapid pace, while maintaining high levels of learning retention.Previously, in order to improve the competence of newly graduated workers, PPA’s only option was on-iron training. This takes extra time and also has safety risks. Now, these novice “green” workers can develop psychomotor skills and learn critical behaviors in a safe, simulated environment, while also reducing fuel consumption, according to the company.PPA is a mining contractor, which, in recent years, has recorded significant growth to become the third largest contractor in the Indonesian mining industry.The speed of growth requires an investment in the workforce and training tools to become more effective and efficient and to prepare personnel to become mine-ready. This year, PPA is targeting an additional 100 million bank cubic metres (BCM) above last year’s 267 million BCM. In order to achieve this target, an additional 3,200-3,500 operators are needed. The company also needs an additional 1,500-2,000 mechanics. PPA targets an addition of 150 million BCM next year, with another circa-6,000 mechanics and operators needed to support this.To onboard 6,000 workers, PPA can no longer rely on outdated training techniques.R. Teguh Sapto Subroto said: “Simulators will help us to develop personnel at a safe and steady pace, independently of disruptions such as weather conditions. We need this technology.”Before arriving at the decision to buy four PRO5 platforms, PPA had made an in-depth study of simulation vendors and related solutions, according to Subroto. This involved proof of concept product testing from Immersive Technologies.“The biggest challenge in workforce development is to rapidly develop quality talent with the skills to be safe and productive,” Subroto said. “If you recruit well, you will compete with others, but skill levels may remain 30% below ideal. To produce a quality workforce, you need the right tool that make humans more efficient and effective.”The simulators will later be managed by the PPA Academy.Ramdani said that this latest PRO5 simulator has only been available to the market for a short period of time and PPA incorporated it rapidly because of the value it could bring. “Hopefully it can help PT. PPA in building worker competencies, especially for operators,” he said. “PPA recorded the highest growth in the industry which must be balanced with the quality of qualified workforce.”Trisnohadi explained: “This level of realism and reliability will help companies produce quality workforces and significant return on investment. Our goal is to help PPA in obtaining a world-class workforce, which ultimately would result in greater operational efficiency.“This PRO5 simulator is the cutting-edge product from Immersive Technologies with the latest evolution of display systems. It is a combination of seamless curve screen with stereoscopic 3D technology which provides unmatched training value and highest levels of learning.”Source: https://im-mining.com/2022/08/18/pt-putra-perkasa-abadi-starts-training-operators-with-immersive-pro5-simulator/

Vale says it has become the first major mining company to test 100% electric 72-tonne trucks, with the trial of the XCMG Mining Machinery Co. Ltd vehicles at its Brazil and Indonesia operations.The trial of the vehicles represent another step in the electrification of the company’s assets, it said, which is part of its wider plans to operate with net zero carbon emissions by 2050.The first electric trucks to be used by a global mining company, tested at Água Limpa, in Minas Gerais, and Sorowako, in Indonesia, emit no CO2, replacing diesel with electricity from renewable sources. They also reduce noise, which minimises the impacts on the communities that live near the operations.The equipment was produced by XCMG Mining Machinery Co. Ltd., a subsidiary of Xuzhou Construction Machinery Group Co. Ltd, the largest machine manufacturer in China.Last year, Vale signed an MoU with XCMG Construction Machinery Limited, a subsidiary of XCMG, for the potential supply of mining and infrastructure equipment, including zero-emission and autonomous equipment.The 72-t electric off-highway trucks, model XDR80TE, are part of the Vale PowerShift program. Their batteries are able to store 525 kWh, allowing them to operate for up to 36 cycles along the established route, just over a day of operations, without the need to stop and recharge, and with the possibility of regenerating energy during descents, reducing the use of mechanical brakes, maintenance work and vibration, in addition to providing more operational comfort to drivers. The machine has temperature control technology, which allows it to adapt to high temperature, humidity and rainy working conditions, and to perform even in extremely cold, high altitude and harsh weather conditions.Alexandre Pereira, Executive Vice President of Global Business Solutions at Vale, said: “To us, this partnership with XCMG is another important step in our long-term relationship with China and towards more sustainable mining. Our goal is to expand, together with global partners, the development and co-creation of technologies that respect the environment and zero out emissions.”Dr. Hanson Liu, the Vice President of XCMG Machinery and General Manager of XCMG Import & Export Co., said: “XCMG and Vale have reached a consensus on the green development concept of dedicating to low-carbon mining and realising net zero emissions. The delivery of XCMG’s latest pure electric mining truck, XDR80TE, at this time is a manifestation of the joint efforts of both parties on promoting global environmental protection as well as green and sustainable economic development.”Currently, emissions from off-highway trucks running on diesel represent bout 9% of Vale’s total scope 1 and 2 emissions.The Powershift program was created by Vale with the aim of replacing fossil fuels with clean sources in its operations. The program is promoting innovative solutions to electrify the company’s mines and railroads. In addition to the 100% electric truck, Vale’s strategy for the electrification of assets also includes the operation of battery-powered locomotives in the yards of the ports of Tubarão, in Vitória, and Ponta da Madeira, in São Luís. In Canada, the Powershift program has also led to tests with electrical equipment in underground mines – there are currently about 40 that are currently operational.Vale’s operational equipment electrification strategy also includes a partnership with its peers BHP and Rio Tinto. Last year, the three companies, along with 17 other mining companies, launched the Charge On Innovation Challenge, a global open innovation challenge with the goal of finding innovative solutions to accelerate the safe charging of batteries for future electric off-highway trucks.Source: https://im-mining.com/2022/08/18/xcmg-72-t-battery-electric-trucks-start-up-at-vale-operations/

Investment Minister/Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia has released the Ajkwa feeder ship transporting PT Freeport Indonesia (PTFI) copper concentrate from Timika to the smelter facility in Gresik , East Java. The Ajkwa feeder ship departed from the Amamapare Port Area (portsite), Timika, Papua, Monday (15/8/2022) carrying 8,600 tons of copper concentrate to be transferred to the Naziha ship which is in the deep sea, about 19 km from the pier. The Naziha ship, will then accommodate 26,500 tons of copper concentrate to be brought to PT Smelting (PTS) in Gresik , East Java and is the 32nd concentrate delivery to PTS which has been carried out since January 2022."I officially let go of the departure of the Akjwa feeder ship. Hopefully the journey of the main ship Naziha to Gresik and all subsequent shipments of concentrate this year can run smoothly," Bahlil said in a written statement in Jakarta, Tuesday (16/8/2022).Bahlil hopes that this transportation activity can also create multiplier effects that will benefit the community, especially those around PT Freeport Indonesia's operational areas in Papua. Meanwhile, PTFI President Director Tony Wenas said that PTFI is currently completing the construction of a second copper smelter located at the Java Integrated Port & Industrial Estate (JIIPE) in Gresik Regency, East Java.The smelter at JIIPE is targeted for completion by the end of 2023 and operating in May 2024. "We are committed to realizing a sustainable supply chain and safe production. When our new smelter is operational, 100% of PTFI's copper concentrate products will be processed domestically. We hope to be able to provide meaningful multiplier effects for the nation and state," said Tony . PTFI targets the completion of the smelter construction, which has reached 36.2 percent for the period until the end of July 2022, to be completed by the end of 2023, which will then be followed by pre-commissioning and commissioning , then start operating in May 2024.To date, 40 percent of PTFI's copper concentrate is delivered to PTS in Gresik, where PTS is the first copper smelter in Indonesia built by PTFI in 1996. Bahlil's working visit was carried out as a follow-up to the business forum with Freeport-McMoRan on the sidelines of President Joko Widodo's visit to attend the ASEAN-US Summit in Washington DC in May 2022.Source: https://surabaya.bisnis.com/read/20220816/532/1567340/bahlil-melepas-kapal-konsentrat-tembaga-freeport-ke-smelter-gresik

Although many countries in Europe lack energy and offer coal imports from Indonesia, it does not necessarily make PT Adaro Energy Indonesia Tbk seize this opportunity by increasing exports. One of the Indonesian coal producers stated that, despite the high price of coal, Adaro will not increase exports to Europe due to the current geopolitical conditions."Although we welcome these conducive conditions, Adaro will remain focused on efficiency and operational excellence," said Head of Corporate Communications of Adaro, Febriati Nadira to Tribunnews.com, Monday (15/8/2022). The woman who is familiarly called Ira said the price of coal does follow a cycle and cannot be predicted.Therefore, explained Ira, what must be done is to ensure that Adaro's business will be able to survive in the midst of various cycles through stable and sustainable business activities. "We will run our business according to the guidelines in 2022 that have been set," he explained. According to him, Adaro will continue to follow market developments by continuing to carry out operational activities as planned at the company's mines with a focus on maintaining healthy margins and continuity of supply to customers.Indonesia is a major sales destination and is Adaro's priority. Over the past 12 months sales to Indonesia accounted for 25 percent of Adaro's total coal sales. The company still targets to donate 25-27 percent of sales to the domestic market in Indonesia. Although many countries in Europe lack energy and offer coal imports from Indonesia, it does not necessarily make PT Adaro Energy Indonesia Tbk seize this opportunity by increasing exports.One of the Indonesian coal producers stated that, despite the high price of coal, Adaro will not increase exports to Europe due to the current geopolitical conditions. "Although we welcome these conducive conditions, Adaro will remain focused on efficiency and operational excellence," said Head of Corporate Communications of Adaro, Febriati Nadira to Tribunnews.com, Monday (15/8/2022).The woman who is familiarly called Ira said the price of coal does follow a cycle and cannot be predicted. Therefore, explained Ira, what must be done is to ensure that Adaro's business will be able to survive in the midst of various cycles through stable and sustainable business activities."We will run our business according to the guidelines in 2022 that have been set," he explained. According to him, Adaro will continue to follow market developments by continuing to carry out operational activities as planned at the company's mines with a focus on maintaining healthy margins and continuity of supply to customers.Indonesia is a major sales destination and is Adaro's priority. Over the past 12 months sales to Indonesia accounted for 25 percent of Adaro's total coal sales. The company still targets to donate 25-27 percent of sales to the domestic market in Indonesia.Source: https://www.tribunnews.com/bisnis/2022/08/16/tak-tertarik-tawaran-ekspor-ke-eropa-adaro-fokus-efisiensi-dan-tetap-bertahan?page=2

PT Habco Trans Maritima Tbk (HATM) posted a 236.30% surge in profit for the year from Rp 19.86 billion to Rp 66.79 billion in the first semester of 2022. The increase was in line with the increase in income. The company's revenue shot up from Rp 85.64 billion to Rp 178.92 billion as of June 2022. The surge in profits also resulted in an increase in the company's basic earnings per share from Rp 7.09 per share to Rp 11.93 per share.The company in its information disclosure also stated that Habco's operating profit also increased from Rp 20.15 billion to Rp 69.27 billion. Foreign exchange financial income also rose to Rp 1.01 billion. The company recently managed to raise Rp 179 billion in fresh funds from the initial public offering (IPO) of shares. Meanwhile, the company's total public offering, including debt conversion, and the ESA program reached Rp 224 billion.All fresh funds obtained from the initial public offering will be used by HATM to purchase a new fleet of bulk carriers , due to high market demand, especially in the energy supply chain industry. As an example, the company together with PT Dwi Guna Laksana Tbk (DWGL) collaborated in transporting coal supplies to several power plants in Indonesia to support the availability of electricity in various regions. The company has also served transportation for the nickel plant owned by the Tsingshan Group operating in Indonesia.Source: https://investor.id/market-and-corporate/303312/melesat-236-laba-habco-hatm-capai-rp-6679-miliar

Tsingshan Holding Group Co., the nickel giant owned by billionaire Xiang Guangda, is in advanced talks to sell some of its stainless-steel assets in Indonesia to China Baowu Steel Group Corp. as part of a strategic review, according to people familiar with the negotiations.State-controlled Baowu, the world’s biggest crude steel producer, is likely to acquire controlling stakes in some integrated production lines owned by Tsingshan at Indonesia Morowali Industrial Park in Central Sulawesi province, the people said, asking not to be identified discussing confidential information. The talks started in April, and the assets for sale include production plants of stainless steel and nickel pig iron. A deal could be worth $3 billion to $4 billion, one of the people said, adding that the terms could change. The two sides have already agreed on several key terms and are currently discussing details such as operations and sales after the acquisition, the people said. The Indonesia Morowali Industrial Park in Central Sulawesi.Photographer: Dimas Ardian/BloombergXiang shot to prominence recently after his bets that nickel prices would fall caused a historic squeeze on the London Metal Exchange earlier this year. The decision to sell some of his Indonesian assets was triggered in part by Xiang’s rethinking of his company’s future during the short squeeze, when he faced billions of dollars in mark-to-market losses, said the people. A deal with Baowu would strengthen ties with one of China’s largest state-owned commodity producers while still allowing Tsingshan to retain substantial exposure to the steel business.A representative for Baowu declined to comment in an email, while Tsingshan didn’t respond to multiple requests seeking comment. A successful transaction would boost Baowu’s annual stainless-steel production capacity to over a combined 13 million tons by adding 1 million tons in Indonesia, according to Bloomberg’s calculation based on the company’s existing capacity and the plants that they’re in talks to acquire. Baowu has ambitions of raising stainless steel output to 15 million tons by end-2023 and to 18 million tons by end-2025, via jointly-owned mills with Chinese local and overseas companies. Its operations span western Xinjiang to eastern Shandong to southern Guangdong in China. Baowu has also become China’s biggest stainless steel maker through a series of acquisitions in a consolidation push backed by the Chinese central government. It took over Shanxi Taigang Stainless Steel Co. in 2020 and has bought controlling stakes in other smaller Chinese domestic rivals over the past few years.China is the world’s biggest stainless steel producing and consuming country, thanks to rapid economic growth in the past few decades that buoyed demand for everything from anti-corrosion equipments to home appliances to tableware. Self-made entrepreneurs like Xiang contributed to the surge in supplies by tapping a new method of making the alloy using laterite ores starting around 2000, which also cut production costs. Stainless steel is traditionally processed from refined nickel and carbon steel.Xiang, known as “big shot” in Chinese commodity circles, attained fame for his audacity in placing big derivatives bets on nickel prices, but his shorts went spectacularly wrong amid an unprecedented price spike in the metal in March. Eventually, he walked away from the crisis as nickel prices fell after a series of measures taken by his banks and the London exchange. Xiang also told executives that his company had the support of the Chinese government, even though there was no clear evidence of intervention by authorities or state-owned enterprises to bail out of trouble. Tsingshan’s decision to sell the Indonesian assets to Baowu was also made after years of close business ties with Chinese major steelmakers, the people said, adding that teaming up with Baowu is likely to bolster Tsingshan’s position and help ease cash-flow pressures, they added.To be sure, Tsingshan will still retain its dominance in Morowali with more than 3 million tons of annual capacity left to itself after a sale, while Baowu will still be dependent on Tsingshan’s management in the industry park. As an early explorer of the site, Tsingshan has been a host in nickel-focused Indonesia for dozens of investors who followed later, including Zhejiang Huayou Cobalt Co. and Chinese battery metals maker GEM Co. In the event of a deal, Baowu won’t be the only investor in Tsingshan’s industrial empire. Taiwanese metals fabricator Walsin Lihwa Corp. announced a deal to acquire 29.5% of a Tsingshan facility in Indonesia Weda Bay Industrial Park for $146 million earlier this month, following another similar deal involving a $200 million investment.Xiang has been diversifying and expanding his businesses in recent years with a steel mill in Africa and a lithium plant in the South America. Ruipu Lanjun Energy Co., a Tsingshan unit that produces batteries for electric vehicles is seeking to list in Hong Kong this year. Source: https://www.bloomberg.com/news/articles/2022-08-15/billionaire-behind-big-nickel-short-plans-to-sell-steel-assets

PT PLN (Persero) will supply electricity of 35 megavolt amperes (MVA) to support gold mining operations owned by PT Gorontalo Sejahtera Mining. Adi Priyanto, Regional Business Director for Sulawesi, Maluku, Papua and Nusa Tenggara at PLN, emphasized that PLN is ready to provide and manage reliable electricity infrastructure to encourage the development of the national mining industry. PLN will supply electricity through the network with a voltage of 150 kV."We hope that PLN's services can increase investor confidence to support the potential for industrial development in the Gorontalo area and its surroundings. We certainly continue to be committed to maintaining this trust as well as possible, both in terms of reliability and quality ," Adi said, Wednesday (10/8). The commitment to supply PT GSM's electricity needs is stated in the Power Purchase Agreement. Furthermore, Adi said the MoU is a form of trust from customers who have handed over electricity affairs to PLN. For this reason, PLN is committed to maintaining the trust of customers.“We make sure that the supply for Gorontalo is generally safe. For this reason, entrepreneurs and the public do not need to worry about electricity shortages," said Adi. He hopes that through this collaboration, the synergy between PLN and Gorontalo Sejahtera Mining can run well, legally, technically and commercially. In 2023 – 2024, PLN is preparing to connect the North, Central and Gorontalo electricity systems with the South Sulawesi Electricity System. That way, it will have an impact on the ability of a very reliable electrical system.The current supply of electricity in North Sulawesi, especially Gorontalo, is 627.32 megawatts (MW). The peak load is at 425.11 MW and the power reserve is 202.21 MW. This condition makes PLN feel very ready to serve the needs of industrial customers and the general public. "We are committed to serving customer needs, so that PT GSM's production can increase and serve its contracts," said Adi.Since 2020, PLN has carried out a transformation with the title of power beyond generation . This transformation consists of four aspirations, namely green, lean , innovative and customer focused . With this aspiration, PLN is committed to supplying all electrical power needs as well as stimulating community economic growth.On the same occasion, the President Director of Gorontalo Sejahtera Mining, Boyke P Abidin, said that alternative energy from PLN not only supports mining operational needs, but also ensures that the electricity used comes from good energy sources. “Thanks to PLN, we were given the opportunity to become customers. This is the second MoU that I have signed after the previous one for the gold mine in Banyuwangi which is managed by PT Bumi Suksesindo (BSI),” he said.According to Boyke, the need for clean energy supports the ease of financing. Meanwhile, later PT GSM also expects the issuance of a renewable energy certificate or PLN's Renewable Energy Certificate (REC). PLN's electricity supply is expected to support the exploration and exploitation of gold mines located in Pohuwatu Regency, Gorontalo Province. Boyke added that the development of this gold mine has been prepared in the last 10 years with a concession period of up to the next 20 years. "This is a pretty big project. If we become PLN customers, of course we will become loyal customers," he said.Source: https://www.dunia-energi.com/pln-pasok-listrik-35-mva-ke-tambang-emas-di-gorontalo/

President Director of the State Electricity Company (Persero) ( PLN ) Darmawan Prasodjo has  been outspoken about the increasingly tight supply of coal entering the second semester of 2022. He said the low supply of black gold for the company's steam power plant (PLTU) was due to the low effectiveness of the assignments given by coal companies through the domestic price obligation (DMO).Darmawan said the Ministry of Energy and Mineral Resources (ESDM) had assigned an additional allocation of 31.8 million metric tons (MT) of coal from January to July 2022. The additional assignment was given in line with the trend of increasing electricity demand following the recovery from the pandemic. "However, from the assignment, the effectiveness is around 45 percent, namely 14.3 million MT that has been contracted from the addition," said Darmawan in a joint hearing with Commission VII DPR RI, Tuesday (9/8).Although it is still safe, he said, if this condition continues, it is possible that the coal crisis could haunt PLN again. "We see a downward trend. This means that if this condition is allowed to drag on, then conditions that were previously safe can shift into a crisis again," said Darmawan. Furthermore, he said the need for coal is increasing along with the addition of electricity demand. Darmawan estimates that the coal assignment process will increase from 130 million MT to 135 million tons next year.Then, he also estimates that the demand will increase again to 155 million to 160 million MT in 2030. Meanwhile, PLN recorded an increase in electricity demand reaching 5.3 Terawatt hour (TWh) in the middle of this year. Therefore, the stun company requires additional coal supply reaching 7.7 million tons from the initial work plan that has been set this year."In that process, we renegotiated with independent power producers (IPP) from what we had to deal with oversupply , we managed to loosen it so that we managed to reduce electricity production with the IPP as well as reduce our take or pay ," said Darmawan. On the same occasion, Minister of Energy and Mineral Resources Arifin Tasrif said that more entrepreneurs export than fulfill the DMO because of the high price disparity.Meanwhile, the DMO price is only US$70 per ton for the electricity sector. Meanwhile, the DMO price for the non-electricity sector is US$90 per ton. In addition, Arifin said that the sanctions in the form of payment of compensation funds with small tariffs also made entrepreneurs prefer exports. According to him, the benefits from exports are greater than the costs of sanctions. "Therefore, there is a tendency to avoid contracts with domestic industries," said Arifin.Source: https://www.cnnindonesia.com/ekonomi/20220809173647-85-832413/bos-pln-curhat-soal-pasokan-batu-bara-kian-seret

PT Adaro Minerals Indonesia Tbk (ADMR) through its subsidiary, PT Adaro Aluminum Indonesia, will work on an aluminum smelter project in North Kalimantan. This plan seems to attract foreign investors. South Korean automotive giant, Hyundai, is reportedly interested in investing in the project, which is estimated to require an investment of around Rp 10.4 trillion. The Hyundai Consortium is even said to have met several times with representatives of the Adaro Group.The meeting was to discuss details related to aluminum investment opportunities used for electric car components in Indonesia. From the discussion process, Hyundai showed interest in investing with the Adaro Group. Adaro's Head of Corporate Communication , Febriati Nadira, was not ready to confirm this news. However, he did not deny that Adaro Minerals has indeed opened the door for foreign investors who already have a track record, experience, and the latest technology in the aluminum industry."Currently we are in a more detailed planning process to develop an aluminum smelter, among others, by cooperating with partners from abroad who already have a track record, experience, latest technology and thorough knowledge in the aluminum industry," he told CNBC Indonesia, Wednesday. (10/8/2022). He hopes to be able to immediately realize the investment and start construction by the end of this year. The construction process is expected to take 2 years. "Our hope is that we can immediately realize the investment and start construction by the end of this year, the construction process is estimated to take 24 months," he concluded.Source: https://www.cnbcindonesia.com/market/20220810122826-17-362619/kode-keras-adaro-soal-minat-hyundai-di-proyek-aluminium

The listed coal mining company, PT Indo Tambangraya Megah Tbk. (ITMG) posted an increase in performance during the first semester of 2022. ITMG's net profit shot up 291.77 percent YoY in the first semester of 2022 to US$460.82 million or equivalent to Rp6.85 trillion (Jisdor exchange rate on June 30, 2022 Rp14,882 per US dollar). In semester I/2021, ITMG only pocketed a net profit of US$117.62 million. The large increase in ITMG's net profit can not be separated from the increase in the company's net income during January-June 2022. In this period, ITMG's net income reached US$1.42 billion or around Rp.21.15 trillion, 110.19 percent higher than the net income of the first semester. 2021 amounting to US$676.30 million.Meanwhile, sales of coal to related parties during this period was recorded at US$41.66 million. The increase in the company's revenue also helped to raise the cost of revenue to US$672.38 million during the first semester of 2022, up 49.76 percent from US$448.95 million in the first semester of 2021. The increase in expenses was mainly due to an increase in royalties/exploitation fees by 134.42 percent to US$185.93 million, from US$79.31 million in the same period in the previous year. The cost of purchasing coal also increased by 190.17 percent on an annual basis, from US$48.10 million in semester I/2021 to US$139.59 million in semester I/2022. ITMG recorded an increase in total assets of US$307.52 million to US$1.97 billion on June 30, 2022, from US$1.66 billion at the end of 2021. In addition to assets, the company's total liabilities at the end of June 2022 also increased by US$27.15 million to US$491.83 million, from US$464.68 million at the end of December 2021.Previously, Director of Corporate Communications & Investor Relations of Indo Tambangraya Megah Yulius Gozali stated that ITMG targets a coal production volume of 17.5 million tons to 18.8 million tons and sales volume of 20.5 million to 21.5 million tons. "Currently, the company still maintains the same production target for 2022," said Yulius. Throughout 2021, ITMG produced 18.2 million tons of coal with a sales volume of 20.1 million tons. Meanwhile, net sales in 2021 were recorded at US$2.1 billion and gross profit margin rose from 17 percent last year to 44 percent.Source: https://market.bisnis.com/read/20220810/192/1565413/laba-bersih-indo-tambangraya-itmg-melesat-291-persen-pada-semester-i2022