The opportunity for coal demand from European countries does not necessarily make PT Golden Energy Mines Tbk rush to try the blue continent market. Currently, the issuer of coal stock coded GEMS is still studying the European market.GEMS Corporate Secretary, Sudin Sudiman said, so far GEMS does not have a sales contract to Europe"We are open to any market share as long as the price and goods match," said Sudin to Kontan.co.id (21/6). Taking a peek at the company's latest financial reports and public expose material, GEMS' export sales have not targeted the European market, at least in the last 3 years.The majority of GEMS sales are generally targeted at the Chinese and Indonesian markets, while the rest target other destinations such as India, the Philippines, and others. Recently, the prospect of coal demand to Europe has become more promising following the war between Russia and Ukraine which caused gas supplies to Europe, including Germany, to start running low.Germany has even conveyed the need for coal imports of around 5 million - 6 million tons from Indonesia. Kontan.co.id noted, the Director of Coal Business Guidance at the Ministry of Energy and Mineral Resources (ESDM) revealed that the government had collected companies with coal quality that matched the specifications for German coal needs. The Indonesian Coal Mining Association (APBI) also claimed to have coordinated with the government regarding the demand for this coal supply."The Ministry of Energy and Mineral Resources and the Indonesian Embassy in Berlin are communicating with us," said APBI Executive Director Hendra Sinadia to Kontan.co.id (20/6).At the time of writing, GEMS has no plans to submit a revision to the company's Work Plan and Budget (RKAB) this year. The GEMS consolidated coal production plan is still the same, which is around 40 million tons with a realistic target of around 36 million tons. "In the first quarter of 2022, the realization of production is around 9 million tons," said the Sub-Department.Source: https://industri.kontan.co.id/news/ada-peluang-ekspor-ke-jerman-golden-energy-mines-gems-pelajari-kemungkinan-pasar

PT Vale Indonesia Tbk (PT Vale) has just held its Annual General Meeting of Shareholders (AGMS), Tuesday (21/6). The meeting was held electronically through the eASY.KSEI application provided by the Indonesian Central Securities Depository (KSEI), without the physical presence of the shareholders or their proxies. This is done based on the applicable laws and regulations.The results of the meeting stated that there were several changes in the board of directors and commissioners. This is in line with the resignation letters from Dani Widjaja as Director and Hendi Prio Santoso as Vice President Commissioner of the Company.“Earlier, there was a change in the board of directors. Pak Hendi was replaced by Pak Rachmat. From the commissioner's side, Mr. Nobuhiro Matsumoto was replaced by Mr. Yusuke Niwa. The GMS also approved the resignation of Mr. Widjaja," said Director of Vale, Bernandus Irmanto after the AGMS.Thus, the current composition of the Board of Directors is as follows:President Director : Febriany EddyVice President Director : Adriansyah ChaniagoDirector : Bernardus IrmantoDirector : Vinicius Mendes FerreiraMeanwhile, the composition of the Board of Commissioners is:President Commissioner : Deshnee NaidooVice President Commissioner : Muhammad Rachmat KaimuddinCommissioner : Luiz Fernando LandeiroCommissioner : Fabio FerrazKomisaris: Yusuke NiwaCommissioner : Dadan KusdianaCommissioner : Alexandre Silva D'AmbrosioIndependent Commissioner : Raden SukhyarIndependent Commissioner : RudiantaraIndependent Commissioner : Dwia Aries Tina PulubuhuThe company also, said Bernandus, will comply with the applicable regulatory requirements in relation to the change in the composition of the Company's Board of Directors and Board of Commissioners.At this AGMS, shareholders received the Company's Annual Report for the financial year ending 31 December 2021, including the report on the implementation of social and environmental responsibilities contained in the 2021 Sustainability Report as well as the implementation of supervisory duties from the Company's Board of Commissioners during the 2021 financial year.Furthermore, taking into account the need for capital expenditures for the 3 ongoing projects in Bahodopi, Pomalaa and Sorowako, as well as the Company's working capital in the years to come, the shareholders agreed that no dividends would be paid to shareholders for the financial year ended on 31 December 2021 taking into account the recommendations of the Board of Directors and the Board of Commissioners.Source: https://www.tambang.co.id/gelar-rupst-jajaran-direksi-pt-vale-alami-perubahan

PT Sumber Global Energy Tbk (SGER) has made efforts to diversify its business into the nickel metal sector. Although this year's nickel trading activity has been running, SGER management still sees that the coal segment still dominates this year's revenue.  President Director of Sumber Global Energy, Welly Thomas explained, his party diversified sales by starting nickel metal sales in the first quarter of 2022 through PT Sumber Mineral Global Abadi and will have a good sales growth impact for SGER. “Regarding the sale of nickel metal, this year the company is trying to start trading nickel in Sulawesi. In this 5th month, we have started shipping to the OSS and Virtue Dragon smelters," he explained in a virtual public expose, Tuesday (21/6).  Willy explained that after starting to diversify into nickel metal, SGER's sales composition will still be dominated by coal  trading .However, for this nickel business, Willy hopes that with his excellence and experience in trading he is confident that he can develop the nickel business well in the future.  “Even now, we are negotiating with three nickel mines to acquire the mines, so the company is very serious about developing nickel trading. If it is realized, then the investment could reach Rp 100 billion,” said Willy. In addition to expanding its business portfolio to nickel metal, SGER has also developed a waste to energy pilot project . It acquired PT Jabar Bersih Lestari, which is a Business Entity formed by a Consortium of Companies for the Provision of Regional Waste Processing and Final Processing Infrastructure (TPPAS) from the West Java Provincial Government, together with PT Jasa Sarana as a West Java Province-Owned Enterprise. The waste to energy project, said Welly, is a Government Business Entity Cooperation (PPP) project involving the West Java Provincial Government, Depok City Government, Bekasi Regency Government, and South Tangerang City Government, and from processing the waste, Refuse Derived Fuel (RDF) products will be produced. ) which can be used as alternative energy for combustion. "This RDF will be purchased by Indocement and we have signed the purchase agreement," he said.  Welly explained that currently the waste to energy project is in the stage of purchasing machines from Europe, especially from Germany. The developments in the field are currently in the cut and fill stage and preparations for waste collection are projected to be realized by the end of June 2022. “For the initial phase of this project, it is 720 tons per day, then in the second phase it will increase to 2,300 per day. The investment is around US$ 69 million,” he said.  Later, if the RDF project is successful, it will expand to other cities in Indonesia. Welly hopes that this effort can be a success story to turn waste into energy. Not only that, SGER is also in the stage of exploring renewable energy , namely developing hydrogen peroxide which is expected to be realized as soon as possible. Currently, Sumber Global Energy is still in the feasibility studies (FS) stage. "We think this project has great potential but it will take time for us to make a decision whether to continue or not," he said.Source: https://industri.kontan.co.id/news/sumber-global-energy-sger-diversifikasi-bisnis-ke-sektor-nikel

Global OEM Komatsu announced 15 June it has come to an agreement to acquire Australian-based, globally focused underground connectivity provider Mine Site Technologies (MST).Financial details of the deal were not available, though Komatsu said the transaction is through its wholly owned subsidiary in Australia.“As global demand for essential resources requires Komatsu’s customers to go underground for mineral deposits, the company is rapidly developing new technologies, equipment and solutions to support the industry’s future needs,” said Komatsu President and CEO Hiroyuki Ogawa.“Empowering its customers’ growing use of digitalisation and automation to improve safety and productivity, Komatsu plans to work with MST Global to help customers build digital ecosystems with real-time insights and alerts, voice and communication technologies, software solutions, robust network infrastructure and wireless and geospatial technologies.”Together, Komatsu and MST will boost availability of high-speed, low latency digital communication, which is crucial to mission-critical communication as well as the integration of IoT sensors, increasing the volume of information communicated and enabling real-time tracking, monitoring and automation of mine operations.Komatsu is planning to close the acquisition on 1 July pending the completion of all procedures for closing. The OEM said the impact on its consolidated business results is estimated to be minimal.“Per the company’s ongoing mid-term management plan 'DANTOTSU Value - Together, to ‘The Next’ for sustainable growth,' Komatsu is working to expand offerings for underground hard rock mining, creating new value for customers with the development of new equipment, processes and technologies that will help operations step forward to the next stage for the workplace of the future and provide a more sustainable environment for the next generation,” the executive said.Source: https://www.asiaminer.com/news/latest-news/11062-komatsu-to-acquire-mine-site-technologies.html#.Yr0TO3ZBy5d

Fortescue Metals Group Ltd and Liebherr Australia Pty Ltd today signed an agreement for the development and supply of mining haul trucks integrating zero emission power system technologies being developed by Fortescue Future Industries (FFI) and Williams Advanced Engineering (WAE). Liebherr has now released an additional statement detailing some of the next steps. IM Editorial Director Paul Moore was there on the historic occasion in person, shown in the attached photo with the senior executives on the day including Dr Willi Liebherr, Liebherr Group Chairman; Andrew Forrest, Fortescue Metals Group Chairman and Founder; Oliver Weiss, Executive Vice President R&D, Engineering and Manufacturing at Liebherr Mining; and Dr Joerg Lukowski, Liebherr Mining Vice President.The partnership between Fortescue and Liebherr tackles the challenge of decarbonising heavy mobile equipment in the mining industry. It will support global initiatives to reduce emissions and it will enable both Fortescue and Liebherr’s Mining product segment to achieve their respective commitments to address global emissions. The partnership will draw from Liebherr’s industry-leading equipment and technology and FFI’s expertise in green technologies to deliver zero emission mining equipment.The phased supply of haul trucks is anticipated to commence following a two-year joint development period enabling the development and integration of Fortescue’s proprietary-owned battery electric and fuel cell electric power system, into Liebherr’s proprietary-owned base truck. To achieve the target Liebherr will use its vast OEM expertise in the design and manufacturing of machinery and machinery core technology, such as electric drive systems, engines, hydraulics and electronics to engineer, manufacture and supply the new mining haul trucks, in accordance with Fortescue’s requirements.  Liebherr will integrate the zero emission power system technologies being developed by Fortescue Future Industries and Williams Advanced Engineering into its 240 t class T 264 haul truck.Partners for successLiebherr is implementing their defined “Mining Zero Emission Program.” Where the first step was to build the electrified mining product range and the second step is to offer complete fossil fuel free mining equipment for haulage, digging, and dozing by 2030. On this pathway, focus is on modularisation to allow the integration of energy type agnostic power trains including alternative fuel combustion engines, battery and fuel cells. Liebherr’s partnership with Fortescue is a key component of this program.“This project provides an excellent opportunity for us to accelerate the integration of clean energy battery and fuel cell power systems into our mining equipment, which supports our vision and defined strategy to offer future zero emission equipment with the best suitable power train technologies,” said Weiss. “As a leader in green technologies for the international heavy industry and a world class mining owner-operator, Fortescue is an ideal partner for decarbonised mining equipment and technology initiatives, sharing the same vision as us.”The partnership will also assist the future evolution of the Liebherr business. “A mining product that will be developed through a close partnership of two tier one companies, including access to the latest zero emission technology, will create an immense industry opportunity and demand,” said Lukowski. “It also supports our future investment as we expand Liebherr’s already extensive manufacturing capability including at our truck facility in Newport News Virginia USA, and of course into our service and support network in Australia.”Fortescue Chief Executive Officer, Elizabeth Gaines said: “The signing of this contract with Liebherr marks a significant step in the delivery of our industry leading decarbonisation target to achieve net zero Scope 1 and 2 emissions by 2030. We look forward to working with Liebherr and WAE to develop and deploy some of the world’s first zero emission large mining haul trucks in our operations, while also establishing an important new business growth opportunity for Fortescue as we diversify to become an integrated green energy and resources company.”Fortescue Chairman and Founder Dr Andrew Forrest said: “We are on a march to achieve net zero by 2030, strengthening the economics of our business and making our products acceptable to a zero pollution future. Every day our Fortescue and FFI family take forward the technology, hard work, and willpower of going green, the world mining industry takes one step closer to being the first globally leading industry to go fully green.”Source: https://im-mining.com/2022/06/15/liebherr-details-green-mining-truck-deal-with-fortescue-t-264-to-form-base-truck-prototype-in-the-works/

Last week, the government of Indonesia said that they will welcome electric vehicle (EV) battery manufacturers such as South Korea’s LG and Taiwan’s Foxconn to the country’s second development phase of its Batang Integrated Industrial Estate (KITB) in Central Java. The 1,000 hectares of the integrated production facility, specifically for electric battery production, is said to be the first in the world.The industrial estate is basically a part of the country’s effort to build a large-scale EV ecosystem covering the upstream to downstream sectors. Considering also how Indonesia has been courting Tesla to set up its presence in the country, Coordinating Maritime Affairs and Investment Minister Luhut Pandjaitan recently announced that the government had proposed to Tesla to build a factory in Batang regency, with an annual capacity of roughly 500,000 EVs.For starters, the location is considered suitable because of its proximity to the geothermal power sources that are estimated to be able to supply 400 megawatts (MW) of generating capacity. The US$9.8 billion project is aimed at producing 3.5 million EV batteries annually in collaboration with state-owned nickel and gold mining firm PT Aneka Tambang (Antam) and EV battery holding company Indonesia Battery Corporation (IBC).“LG’s investment […] in Indonesia is the first investment in the world that integrates nickel mining, smelter construction, as well as precursor and cathode factories, not to mention the battery recycling industry,” President Joko Widodo (Jokowi) said during the launching ceremony last week. In a recent article by Jakarta Post, Luhut told lawmakers during a meeting with the House of Representatives Budget Commission Indonesia that “We could […] channel this green energy [to Tesla’s factory].” To recall, in May when President Jokowi visited the US, he separately met Tesla CEO Elon Musk to reiterate Indonesia’s invitation for investments. Indonesia officials stated that the meeting between the both came after a round of working-level discussions on a potential investment in Indonesia’s nickel industry and supply of batteries for EVs. Apart from Batang, Luhut said the carmaker had shown interest in the North Kalimantan Green Industrial Park, which has been under construction since December last year. Otherwise, Luhut has so far not been able to provide details on a possible Tesla investment, saying the government had signed a nondisclosure agreement with the company. Apparently, Tesla had also shown interest in developing the semiconductor industry in Indonesia but did not divulge details, citing a confidentiality agreement as well. In short, Indonesia has not given up and is still up for trying to secure a deal with Tesla. In contrast, talks with Musk’s satellite-based internet provider Starlink had progressed further. Luhut noted that a deal on Starlink had been discussed with the President on Monday, while both sides were discussing technical issues in JakartaBesides Tesla, Luhut shared that Ford Motor Company is also planning to enter Indonesia’s EV industry, with representatives of the US carmaker said to be visiting Indonesia on June 20, with interest in the EV industry from upstream to downstream. “The company wants to invest in [the EV industry] end-to-end,” Luhut added.Source: https://techwireasia.com/2022/06/indonesia-woos-tesla-to-set-up-factory-in-its-industrial-estates/

PT Merdeka Copper Gold Tbk (MDKA) estimates that the current year’s gold production will be depleted by 100,000-120,000 ounces as the mining activities will take place deeper into the pit.After the General Shareholders Meeting last week, Simon James Milroy, Vice Director of Merdeka Copper Gold, explained that the realisation of MDKA’s gold production last year hit 125,000 ounces of gold, accompanied with all-in sustaining cost (AISC) of USD 860 per ounce of gold. The realisation of production level last year actually surpassed the installed production rate of 100,000-120,000 ounces of gold, predicting the AISC to arrive between USD 825-900 per ounce of gold. However, this year’s AISC is set to USD 1,000-1,100 per ounce of gold.In Q1 2022, MDKA managed to produce 33,96 ounces of gold. This realisation was reportedly 104.8% higher than the production in the same period in 2021 of 16,585 ounces. As of March 31, 2022, approximately 49,217 ounces of gold has been hedged with an average price of USD 1,864 per ounce from April 2022 to June 2023.Meanwhile, MDKA’s other mining produce in Wetar Copper mine is expected to generate 18,000 to 22,000 tons of copper with an AISC of USD 3.10 to 3.40 per pounds of copper. Accoring to Milroy, said target is upgraded from the realisation of last year’s production.Source: https://www.idnfinancials.com/news/43324/deeper-pit-mdkas-production-target-readjusted

The establishment of the Coal Public Service Agency (BLU) is currently ongoing and almost complete. Business actors also hope that the presence of the Coal BLU can help the process of fulfilling coal for domestic needs, especially the electricity sector.Executive Director of the Indonesian Coal Mining Association (APBI) Hendra Sinadia said that his party appreciated the step of establishing this BLU. "The hope is that later suppliers and PLN will not be harmed," explained Hendra to Kontan, Sunday (12/6).Hendra added, thus the supply of coal for the electricity sector can run smoothly. Hendra ensured that APBI was invited several times to discuss the formation of this coal BLU. There are a number of things that have been highlighted and proposed by APBI in the formation of this BLU. Hendra said that the presence of BLU is expected to run transparently. This transparency includes the determination of the timing of payment of compensation funds.In addition, business actors in the mining sector also highlighted the inclusion of non-electricity industries in this BLU scheme. "The basis for the formation of the BLU is to overcome problems in the supply of coal to PLN. The inclusion of the non-electricity industry in the compensation fund scheme handled by the BLU needs to be reviewed," concluded Hendra.Source: https://industri.kontan.co.id/news/apbi-soroti-sejumlah-hal-dalam-pembentukan-blu-batubara

The development of the project in the Pomalaa Block has received serious attention from the management of PT Vale Indonesia Tbk (PT Vale) and its partner Zhejiang Huayou Cobalt Company Limited (Huayou). For two days, from Wednesday to Thursday (9/6/), the Chairman of Zhejiang Huayou Cobalt Company Limited Chen Xuehua (Chairman Chen) together with the CEO of PT Vale, Febriany Eddy met with the Regent of Kolaka, Ahmad Safei to ensure that the project would immediately start operating.Chairman Chen and his entourage specifically flew from Zhejiang, China, and landed in Kolaka, Southeast Sulawesi. They visited project sites including ports, mining areas, and the planned HPAL Plant area.During this visit, PT Vale and Huayou reaffirmed their commitment and solidity, so that the project in the Pomalaa Block can be realized immediately, and operate in the spirit of sustainability. "The project in Pomalaa is not 'will be' but 'is' in the construction stage," said Febrianny in his statement, Monday (13/6). The Regent of Kolaka, Ahmad Safei hopes that the project will start operating soon so that local people can be assigned as workers. "PT Vale is expected to realize the factory in Kolaka more quickly. With the establishment of the factory, it will empower local communities so that unemployment and poverty can be reduced," said Safei."If PT Vale needs assistance, the Kolaka Regency Government is ready to help in accordance with its authority," he added. Chairman Chen also stated the same thing. According to him, PT Vale has succeeded in cooperating with the local community in accelerating the completion of this project.“We see a good collaboration, a good collaboration between Vale and the surrounding community, so we will also feel calmer.” Meanwhile, Huayou VP Gao Baojun said that investing in the Pomalaa block was the best decision. He hopes that this project has optimal Environmental, Social, and Governance (ESG) aspects.“After a direct visit to the Pomalaa Block, Huayou is increasingly optimistic that investing in Pomalaa is a good decision, and this project is one of the best for Huayou. During the implementation of the (Project) later, related to the implementation of the ESG component and also for the social and communication section, cooperation from Vale is also needed to jointly realize better ESG performance," he explained.As INFORMATION, the agreement between PT Vale Indonesia began with the signing of the cooperation framework with Huayou on April 27, 2022. In the framework of the cooperation, Huayou will build a High Pressure Acid Leach (HPAL) factory with technology and processes according to world-class standards.Meanwhile, PT Vale Indonesia plays a role in mining nickel in the form of limonite ore and low grade saprolite ore. The HPAL operation in the Pomalaa Block targets a production capacity of up to 120,000 metric tons of Nickel per year.PT Vale and Huayou agreed to cooperate with a low-carbon scheme. Both are committed to not using coal as a raw material for power generation at all. In other words, PT Vale and Huayou will look for alternative energy sources that are more environmentally friendly to minimize the carbon footprint of mining operations in this region. Source: https://www.tambang.co.id/kunjunggi-blok-pomalaa-vale-dan-huayou-pastikan-proyek-segera-beroperasi

The East Belitung District Government, Bangka Belitung Islands, will introduce the Nam Salu Open Pit Geosite, a historic tin ore mining tourism site to the delegates of Indonesia's G20 Presidency in 2022. "East Belitung is included as the destination for G20 delegates, so we focus on introducing historical mining attraction," the East Belitung Regional Secretary, Ikhwan Fahrozi, said in Manggar, Sunday.Fahrozi explained, based on the schedule he received, the G20 delegates' meeting in East Belitung, known as the Rainbow Troops Land, will last for three days. "The schedule we received says the G20 agenda in East Belitung is only three days, but that can change. What is certain is we are also involved as hosts in this international event," he said.Moreover, Fahrozi said, the local government is more focused on promoting the tin ore or cassiterite mining tourist destination, which is considered to have an important history. "Looking at the historical traces, the Nam Salu Open Pit Geosite is the deepest and largest open-pit tin mining tourist destination in Southeast Asia, which is about 100 meters," he explained.The geological site, which is located in Senyubok Village, Kelapa Kampit Sub-District, East Belitung, was operated from 1980 to 1993 and had produced 500 thousand tons of tin ore with 2-percent grade. "This is the largest primary tin ore deposit in a single mine ever discovered," Fahrozi said. Meanwhile, the East Belitung Tourism and Culture Office has prepared booklets for the G20 delegates."In September 2022, we will also hold the Jelajah Pesona Jalur Rempah or the "Explore the Spice Route" activity to welcome G20 guests," Secretary of the East Belitung Tourism and Culture Office Hendri informed. In addition, Hendri said, the geological museum will also be revamped to make it more worth visiting because it is located close to the geosite.Source: https://en.antaranews.com/news/233853/nam-salu-open-pit-geosite-to-be-introduced-to-g20-delegates-official