The mining contractor issuer of the Northstar Group, PT Delta Dunia Makmur Tbk. ( DOID ) targets revenues in 2022 to reach Rp1.3 billion-US$1.5 billion or around Rp18.85 trillion-Rp21.75 trillion. DOID management in the public expose said that it targets revenues of US$1.3 billion-US$1.5 billion in 2022, up from US$911 million in 2021. As of March 2022, DOID posted revenues of US$332 million, up 108 percent year on year. (YoY). "Estimated Ebitda in 2022 is US$320-US$380 million," the management wrote, quoted on Monday (27/6/2022). Also Read: Northstar DOID Group Wins Mining Contract of IDR 3.25 Trillion in Australia As of March 2022, DOID recorded an Ebitda of US$70 million, with an Ebitda margin of 23.9 percent. In 2021, DOID's Ebitda realization will reach US$234 million. DOID allocates capital expenditure of US$150 million-US$200 million in 2022. These funds are to support a number of operational performances.By 2022, DOID is targeting a 480 million-565 million bank cubic meter (BCM) overburden removal. Meanwhile, the coal production target is 74 million-86 million tons by 2022. Also Read: Delta Dunia (DOID) Buyback Shares, Budget Rp473.55 Billion In 2021, DOID will strip 326 million BCM of soil, and 124 million BCM as of March 2022. Coal production in 2021 will reach 54 million tons, and 18 million tons as of March 2022.Source: https://market.bisnis.com/read/20220627/192/1548405/delta-dunia-doid-targetkan-pendapatan-rp2175-triliun-pada-2022

Thiess has been awarded a life-of-mine contract to provide mining, rehabilitation and port management services by PT Kapuas Tunggal Persada and PT Tempirai Inti Energi in Central Kalimantan, Indonesia. Thiess will operate the adjacent Kapuas Tunggal Persada (KTP) and Global Bara Mandiri (GBM) mines and will deliver turnkey operations, including mine design and planning, drill and blast, overburden removal, load and haul, asset maintenance and management, haul road maintenance, water management, rehabilitation and port operations.Commencing from July 2022, with revenue of AUS$1.7 billion over eight years, this contract marks Thiess’ return to Central Kalimantan. Thiess Executive Chair and CEO, Michael Wright, said: “We’re excited to work on this great opportunity with a client who shares the same passion for sustainable mining practices and outcomes as we do.“This contract is an opportunity for us to continue our record of delivering excellence for our clients in Indonesia, with a clear focus on safe and responsible mining and industry leading rehabilitation.” Thiess Executive General Manager Asia, Cluny Randell, added: “This contract is recognition of our team’s ability to deliver long-term performance and productivity gains for clients.“We look forward to working together with our client and the local communities to deliver long-term social, environmental and economic value.”Source: https://www.worldcoal.com/coal/27062022/thiess-awarded-aus17-billion-contract/

PT Bumi Resources Tbk. ("BUMI" or the "Company") as the Largest Coal Producer in Indonesia again won awards through the business units of PT Kaltim Prima Coal ("KPC") and PT Arutmin Indonesia ("Arutmin") in CSR (Corporate Social Responsibility) and PDB (Development Sustainable Village) Awards 2022 from the Ministry of Village, Development of Disadvantaged Regions and Transmigration of the Republic of Indonesia at the JS Luwansa Hotel, Jakarta (23/6).The Vice President of the Republic of Indonesia, Mr. Ma'ruf Amin, directly handed over the Gold category award to:Chief Executive Officer (CEO) of KPC: Ashok Mitra for the Clean Water Supply program - "SPAMDES is pouring down heavily".General Manager Operations Arutmin: Umar Hadi for the Economic Driver and Local Workforce Absorption program - "Building BUM Desa Usaha Berkah Mulia in Bukit Mulia Village".While the Silver category award was handed over by the Minister of Village, Development of Disadvantaged Regions and Transmigration Mr. Abdul Halim Iskandar which was received directly by representatives of KPC and Arutmin:KPC Project Management and Evaluation Manager: Louise G. Pessirerron for the Waste Management program - "From Garbage to Rice Fields" in Bengalon.Kintap Site Manager: Lutfi Qolbirokhim for the Mangrove Tourism Development program -"Building BUM Maritim Jaya Village, Pulau Burung Village".In his remarks, the Vice President of the Republic of Indonesia, Mr. Ma'ruf Amin, appreciated this activity, "The existence of BUM Desa (village-owned enterprises) is expected to be able to optimize local potential through its business sectors, and give benefits to village communities by involving village driving figures. The collaboration of BUM Desa together with BUMN (State-owned Enterprises) as well as the private sector can encourage efforts to empower the economy of rural communities. This can build a growing, fair and strong national economic."The President Director of BUMI, Mr. Adika Nuraga Bakrie said, "This award is a proof that the BUMI group always strives to decrease the community's dependence on mining businesses by developing the potential of local resources as well as absorbing local workers with a long-term goal of sustainable economic independence. By the time mining activities ended, the community can continue to grow and develop in achieving their welfare. Thank you to the Vice President of the Republic of Indonesia, the Minister of Village, Development of Disadvantaged Regions and Transmigration for the CSR and PDB Awards 2022 awarded to KPC and Arutmin. This achievement is in line with the Company's strategic objectives, to continue maintaining business performance, and grow sustainability amidst the severe challenges caused by the Covid-19 pandemic".Photo (left) and (right): Vice President of the Republic of Indonesia - Mr. Ma'ruf Amin handed over GOLD award for the Clean Water Supply program - "SPAMDES Pouring Down Heavily" to the CEO of KPC - Ashok Mitra and for the Economic Driver and Local Workforce Absorption program - "Building BUM Desa Usaha Berkah Mulia Desa Bukit Mulia" to GM Operations Arutmin - Umar Hadi.Source: https://www.marketscreener.com/quote/stock/PT-BUMI-RESOURCES-TBK-6496544/news/PT-Bumi-Resources-Tbk-BUMI-SUBSIDIARY-KPC-ARUTMIN-WINS-GOLD-AND-SILVER-AWARDS-FROM-CORPORATE-SO-40834573/

President Joko “Jokowi” Widodo has instructed his cabinet to make sure that Taiwanese tech company Hon Hai Precision Industry Co. Ltd (Foxconn) materializes investments in battery and electric vehicle industries here without any hurdle, Investment Minister Bahlil Lahadalia said on Saturday.Foxconn has agreed to build electric car components, batteries, and electric motors and relocate its telecommunications spare part manufacturing facilities from China to the Batang integrated industrial area in Central Java in a move estimated to bring $8 billion direct investment to Indonesia. Earlier this year, the Taiwanese firm signed an MoU on the joint venture project with Indonesia's state-owned battery maker Indonesia Battery Corporation (IBC), Indonesia's listed miner Indika Energy, and Taiwan's electric bike maker Gogoro Taiwan for its Indonesian operations. The much-awaited investment is in line with the Jokowi administration’s ambition to build the most extensive EV ecosystem in the region.“Mr. President has instructed me to keep an eye on the investment until it is materialized,” Bahlil said after a meeting with Jokowi at Bogor Palace, West Java. He was accompanied by Foxconn Chairman Liu Young-Way and Indonesian Chamber of Commerce and Industry Chairman Arsjad Rasjid.“Mr. President is keen to see the investment materialized immediately. One thing to his delight, this [investment] involves a collaboration of a state-owned company, a foreign investor, and local MSMEs and entrepreneurs,” Bahlil said. Foxconn's investment would put a milestone to Indonesia's ambition to develop a global-scale electric vehicles industry and attract more investment to its shores. The Investment Coordinating Board (BKPM) targeted to attract domestic and foreign investment totaling Rp 1,200 trillion this year, up 33 percent from Rp 901 trillion last year. For Foxconn, the initiative would present an ample opportunity to develop a sustainable new energy ecosystem in Indonesia with local partners.  “Hon Hai is excited to embark on the journey to transform the new energy ecosystem in Indonesia in cooperation with the local government, Gogoro, IBC, and Indika,” Liu, the chairman of Hon Hai Technology Group, said in a statement in February. "I believe the implementation of the MIH platform, alongside our build-operate-localize (BOL) strategy and manufacturing expertise, will allow us to meet the market demand and create a sustainable new EV [electric vehicles] ecosystem in Indonesia,” Liu said. He referred to "Mobility in Harmony," an open EV ecosystem platform promoted by mainly Asian companies.Source: https://jakartaglobe.id/business/govt-vows-full-support-for-foxconns-battery-investment

Representing the Minister of Energy and Mineral Resources (ESDM) Arifin Tasrif, Secretary General of the Ministry of Energy and Mineral Resources Ego Syahrial today, Friday (24/6) witnessed the signing of three Memorandums of Understanding supporting the energy transition program. This signing is part of a series of The 2nd Energy Transitions Working Group (ETWG), in Labuan Bajo, East Nusa Tenggara.According to Ego, currently all countries are trying to keep the global temperature increase up to 1.5?C to avoid the impact of global disasters and climate change, including extreme heat, rising sea levels, the extinction of several living things, changes in ecosystems, and the extinction of coral reefs and coral reefs. marine fisheries.For this reason, efforts are needed to mitigate climate change by reducing carbon emissions (decarbonization) but while maintaining energy security. "This makes the energy transition even more urgent to be implemented as the direction of the national energy policy going forward, namely the transition to cleaner, less emission and environmentally friendly energy in accordance with Indonesia's commitments to the Paris Agreement and the Net Zero Emission target in 2060 or sooner with international assistance," said Ego.Mitigation efforts carried out include the development of New Renewable Energy (EBT), reducing the use of fossil energy and increasing the use of Battery-Based Electric Motorized Vehicles (KBLBB). The Ministry of Energy and Mineral Resources, continued Ego, continues to encourage the KBLBB Program to realize cleaner energy use, reduce fuel imports, save foreign exchange and reduce CO2 emissions.To note, today a Memorandum of Understanding was signed between the Ministry of Energy and Mineral Resources with PT Pertamina (Persero) and PT PLN (Persero) for the electric motor conversion program. Furthermore, between PT PLN (Persero) and HIMBARA (Bank Mandiri, BRI, BNI, BTN) for KBLBB ownership credit and infrastructure development for Public Electric Vehicle Charging Stations (SPKLU)."This is an effort to create a KBLBB ecosystem with a target of 6 million electric motor units by 2025. The implementation of this program will be able to save fuel around 13 million barrels/year or Rp. 16 trillion/year, reduce CO2 emissions by 4 million tons/year and increase electricity consumption is 2.4 terawatt hours (TWh)/year," explained Ego.This program also provides benefits for increasing new skills for the younger generation, opening up new job opportunities with conversion workshops, and increasing local component production. Meanwhile, another memorandum of understanding signed was between PT. PLN (Persero) with the Provincial Government of NTT and Nusa Cendana University in developing integrated energy forests and livestock in the context of producing biomass to meet the needs of Steam Power Plants (PLTU). This program can also reduce the use of fossil energy through co-firing of biomass at PLTU."It is hoped that through this program, community empowerment, BUMD, MSMEs can be carried out by involving universities to provide biomass raw materials in a sustainable manner," said Ego. Meanwhile, the President Director of PLN Darmawan Prasodjo stated that PLN was ready to support the conversion program of fuel motors to electric motors to accelerate the formation of an electric vehicle ecosystem in Indonesia and accelerate the achievement of the Carbon Neutral target by 2060."This conversion is also a step for us to be more independent in energy security. Because we are moving from import-based energy to domestic-based energy," said Darmawan. He said that this year PLN has prepared 400 units of electric motors that will be used as operational vehicles. This is also one of PLN's ways to campaign for electric motors to the public."Because this motorbike will continue to circle, there is a logo of PLN and the Ministry of Energy and Mineral Resources. That this will be seen by many people and the cost will go down. So that it can attract people's attention," said Darmawan. He also said that using electric vehicles could reduce carbon emissions. Given that one of the largest contributions of carbon emissions today comes from the transportation sector."Emissions of 1 liter of fuel are lower than electricity, the carbon emission is lower than electricity. For that, we strongly support this program as one of the steps to reduce carbon emissions," added Darmawan. In addition to being actively involved in converting fuel motors to electric motors, PLN also ensures that the electrical infrastructure to support electric vehicles in Indonesia is available.PLN support through the provision of electricity infrastructure through public electric vehicle charging stations (SPKLU), general electric vehicle battery exchange stations (SPBKLU) and Home Charging Stations. Until May 2022, PLN has provided 90 SPBKLU units to make it easier for electric motorbike owners to charge. Meanwhile for SPKLU, PLN has presented 129 SPKLU units consisting of SPKLU Fast Charging and Ultra Fast Charging spread over 98 points."This year, PLN has allocated funds to add 40 SPKLU units to make it easier for people to fill their electric vehicles," concluded Darmawan. (RZ)Source: https://www.esdm.go.id/id/media-center/arsip-berita/komitmen-ekosistem-kendaraan-bermotor-listrik-berbasis-baterai-terus-diperkuat

PT Kobexindo Tractors Tbk (KOBX), a heavy equipment distributor and service management, announces its plan to distribute cash dividends of USD 1.43 million or equivalent to IDR 20.45 billion.Said plan had been approved during the Annual General Shareholders Meeting of KOBX, which took place earlier last week. The shareholders who were present at said meeting gave their consent regarding the allocation of 10.6% of the 2021 net profit as cash dividends. Then, another USD 27,685 will be stored as reserve funds, while the rest of it is being added to its retained earnings.The cash dividend will be channelled out to shareholders of KOBX whose names have entered the official list by June 27, 2022, the recording fate. Then, each share will be granted IDR 9 in return as dividend, which will be sent out on July 12, 2022.According to idnfinancials.com data, KOBX recorded a net profit of USD 13.52 million in the fiscal year 2021. The company also managed to keep its retained earnings of USD 2.62 million at the end of the year, while posting total equity of USD 25.44 million.At the end of the first quarter of 2022, KOBX scored revenue of USD 46.52 million and net profit of USD 3.96 million. Most of revenue in Q1 2022 came from the heavy equipment sales, which contributed 81.99% to the total revenue. Then, the spare part sales backed it up with 10.24% contribution, followed by the repair and mining contractor service of 4.52%, and lease sales of 3.25%.Source: https://www.idnfinancials.com/news/43459/kobexindo-tractors-pay-cash-dividends

PT Bumi Resources Tbk (BUMI) will conduct a private placement in order to seek extra money to repair the negative working capital and complete obligations to Innovate Capital Pte Ltd. This corporate action plan will be decided on Extraordinary General Shareholders Meeting on July 29, 2022.In the information disclosure quoted Thursday (23/6), Dileep Srivastava, Corporate Secretary of Bumi Resources, confirmed that the company will issue 13,206,473,996 series C shares of IDR 50 each. This action is intended as a debt-to-equity swap, converting IDR 1.01 trillion of loans into shares of IDR 76.59 per series C share.After this private placement, the issued and paid-up capital of BUMI will rise to 142,065,947,081 shares, consisiting of series A of 20,773,400,000 shares, series B of 1,346,007 shares and series C of 67,791,201,074 shares. Prior to this corporate action, its issued and paid-up capital is 128,857,473,085 shares, consisting of series A of 20,773,400,000 shares, series B of 53,501,346,007 shares, and series C of 5,584,727,078 shares. (LK/ZH)Source: https://www.idnfinancials.com/news/43452/repaying-innovate-capital-bumi-issue-private-placement

PT Indika Energy Tbk (INDY) has established a new subsidiary to focus on the electric vehicle (EV) industry, investing IDR 40 billion to kick-off the business. Said new establishment is to be called PT Mitra Motor Group (MMG). The formation of this subsidiary was initiated by two of INDY’s subsidiaries, PT Indika Energy Infrastructure (IEI) and PT Solusi Mobilitas Indonesia (SMI).Adi Pramono, Corporate Secretary of INDY, confirmed that SMI’s portion in MMG is 99.9975%, while IEI claims the rest of it. In the information disclosure in Indonesia Stock Exchange (IDX), Pramono claims that MMG is formed with an intention to focus on business activities in the four-wheeled or more vehicles sector. Additionally, MMG will manage new car dealership and its spare part suppliance in a major scale, operate the electric supply installation, and handle a management consultancy service.“The equity participation in MMG is the company’s initiative in expanding the business to the electric vehicle (EV) sector in Indonesia,” Pramono explained. For the record, IEI and SMI are both subsidiaries under INDY that are involved in businesses outside coal mining. IEI was established in 2010, while SMI was formed more recently in 2021. Source: https://www.idnfinancials.com/news/43436/ev-industry-indika-energy-introduces-subsidiary

China continues to expand its investment to support the development of Indonesia's electric vehicle industry. Contemporary Amperex Technology (CATL), one of the leading companies among the world's electric vehicle battery manufacturers and supplies to various automakers, including Tesla and Volkswagen, is one of the Chinese companies investing in this Southeast Asian country.A third-tier subsidiary of CATL, Ningbo Contemporary Brunp Lygend Co., Ltd. (CBL), recently signed a 5.97-billion-U.S. dollar investment deal with Indonesia Battery Corporation (IBC), a holding of state-owned companies including Mining Industry Indonesia (Mind ID), Aneka Tambang (Antam), Pertamina, and state power company PLN."The realization of this investment will bring the electric vehicle battery industry to Indonesia as well as position Indonesia as a global electric vehicle battery production base," President Director of IBC Toto Nugroho told Xinhua recently.IBC, inaugurated in March last year, was established to develop an integrated electric vehicle battery industry ecosystem, from upstream to downstream, to mining and nickel extraction. With China investors as global players in the development of electric vehicle batteries and Indonesia's rich reserve of battery-making raw materials like nickel, Nugroho believes that the cooperation between the two countries will synergize and strengthen each other.Indonesia is estimated to have deposits of at least 72 million tons of nickel reserves in areas of domestic mining operations, accounting for 52 percent of the world's total reserves of around 139 million tons, according to data from the country's Ministry of Energy and Mineral Resources. Nugroho believes that the cooperation between the two countries will support Indonesia's serious intention to reduce greenhouse gas emissions and increase the use of renewable energy."Besides CATL, many other Chinese companies are now investing in electric battery development in Indonesia. China is one of Indonesia's significant investment partners, we hope this cooperation will continue to increase and cover wider fields, including the development of electric vehicles and renewable energy," he said.As the country with the most consumers in Southeast Asia and supported by the world's largest nickel reserves, Indonesia has a bright opportunity to become a major player in the global electric vehicle sector, said Chairman of the Association of Indonesian Automotive Industries (GAIKINDO) Yohannes Nangoi."Moreover, more people will switch to electric vehicles in the future as fossil fuels damage our environment and cannot be renewed," Nangoi added. Currently, the use of electric vehicles is limited within cities and for short trips. In the future, with increasingly developed technology, electric vehicles will be used for longer distances and various types of vehicles, including trucks transporting commodities between provinces or islands.The problem is that electric vehicles currently are more expensive than conventional ones, but Nugroho believes this will be solved if the batteries meet three conditions: charging quickly, storing more power, and being cheaper. "It is just a matter of time, as to how fast the experts or mechanics can achieve these three main things," he said.The support of leading Chinese companies in this field will help Indonesia achieve the goal. "Those Chinese companies dare to invest in large amounts in Indonesia. Cooperation between the two countries has great prospects," Nangoi added. EnditemSource: http://www.china.org.cn/world/Off_the_Wire/2022-06/21/content_78282384.htm

A lithium miner in Australia that counts Tesla Inc. as a future customer said its first shipment of the key battery material from its flagship project is expected by the end of the year.Adelaide-based Core Lithium Ltd. said its Finniss project near Darwin is “progressing well” and the mining has accelerated “with the arrival of the dry season and the commissioning of an additional excavator and trucks to site,” according to a statement on Tuesday. The project is set to supply spodumene concentrate  -- a lithium bearing material -- to companies including Tesla, China’s Ganfeng Lithium Co. and Sichuan Yahua Industrial Group Co. In March, Core Lithium said the project will provide up to 110,000 tons of spodumene concentrate to Tesla over four years. The EV giant has been locking in offtake agreements with existing lithium miners including another Australian company, Liontown Resources Ltd., which said earlier this month it expects to start shipments to Tesla from 2024.Consumers Are Racking Up Rewards in Japan by Buying Green Crowds Flock to Yellowstone as Park Reopens After Floods Biodiversity Loss May Push Developing World Closer to Default Prices of lithium, the ingredient that’s crucial to power electric cars, had an eye-popping rally of almost 500% in the past year, boosting miners’ profits. However, automakers feeling the pain from escalating costs across raw materials have started to raise sticker prices for their EVs.Core Lithium said the early-stage mining operations at the Finniss project were impacted by higher rainfall and an extended wet season, resulting in a temporary increase in fuel consumption and postponements to open-pit mining. The year-end target is also subject to the ramp-up, and the site avoiding more virus or weather-related delays, the statement wrote. Core Lithium’s shares fell 6.5% in Sydney on Tuesday, trimming a gain of over 300% so far this year.Source: https://www.bloomberg.com/news/articles/2022-06-21/australian-tesla-supplier-eyes-first-lithium-exports-by-year-end#xj4y7vzkg