Discovering Environmental Management at Harita Nickel Mine
Discovering Environmental Management at Harita Nickel Mine
11 Apr 2023, 12:00 PM 6973

Lined elongated pools can be seen at several points in the integrated nickel mining area belonging to PT Trimegah Bangun Persada or the Harita Nickel Group on Obi Island, South Halmahera, North Maluku. When he visited there on Saturday last week, it was seen that at several points the water in the pond was brown. These ponds are sediment ponds or settling ponds to accommodate the liquid waste generated from activities.Provision of these ponds is an obligation that must be carried out by mining companies, so that liquid waste can be precipitated and treated first in settling ponds, before being released into water bodies. This sediment pond is also used to reduce the level of turbidity or total suspended solids in order to meet the quality standards, which are regulated in PermenLH 09/2006 concerning Water Quality Standards in Nickel Ore Mining."Mining will certainly have an impact on the environment. But we ensure that management of mine water runoff and post-mine rehabilitation is carried out according to standards and regulations," said Trimegah Bangun Persada (TBP) Director, Tonny H. Gultom, at the Harita Nickel mine area on Obi Island, North Maluku. Tonny said TBP has a monitoring team whose job is to monitor the sediment ponds every day, to determine the parameters of pH and TSS (Total Suspended Solid).The Monitoring Team also manages the deposition process in sediment ponds by adding ferrous sulfate (FeSO4) to reduce hexavalent chromium, so that runoff water coming out of the mine area is currently in accordance with regulated quality standards. "Please check with a certified independent laboratory, I can make sure that mine runoff water meets the quality standards required by the government when it is released into the environment," he said.Tony then asked the monitoring officer to take a water sample to measure. From the checking tool, the results show that the mine runoff water is below the threshold set by the government, namely no more than 2,000 Mg/L and Total Suspended Solid (TSS) must be less than 200 Mg/L. Apart from that, Tony also ensured that the springs used by the Kawasi residents around the mine site were not polluted. He also asked officers to check and the results were suitable for public use. In fact, Tony drank the water directly. "I make sure this is feasible. Please test it in the lab," he said. Tony said, as TBP's commitment to ensure the company's operational activities do not interfere with the preservation of water resources in the surrounding environment, TBP built a Domestic Wastewater Treatment Plant (IPAL) to treat domestic wastewater originating from gray water and bathrooms (black). water) before being discharged into receiving water bodies.Tailings ManagementTailings are the residual waste produced from the processing and refining of nickel ore using hydrometallurgical technology. Currently, the company uses tailings to cover ex-mining holes based on a permit from the government. The tailings management stage is neutralization which is processed in the neutralization tank, by adjusting the PH value. The tailings proceed to the filter-press process. After that, the tailings will be stacked in the permitted area. Backfilling of ex-mining pits is done to prevent environmental damage. The embankment of ex-mine excavations is equipped with a sub-drain system, finger drain and vertical drain to keep water droplets from precipitation into the Dry Tail Facility. The use of dry tailings storage methods is considered best practice, as it avoids the risks posed by wet tailings storage and the potential environmental and social damage when these facilities fail. "The tailings that we use to cover the former mine are dry. Not in liquid form which can have a negative impact on the environment," he said. Meanwhile, for nickel slag waste, the company also sends slag, which is a by-product of nickel ore smelting, to PT Hijau Lestari Perkasa, an affiliate of the company's controlling shareholder, to produce substitute raw materials for ready-mix concrete and tile construction, such as paving blocks. brick and other precast concrete.Restore EnvironmentThe company's reclamation activities also include revegetation and reclamation of local trees in ex-mining areas to restore the environmental ecosystem. Tony said that not only in the former mining area, the company also carried out rehabilitation in the Watershed Area on Obi Island. Based on the company's report, for December 31 2020, 2021 and September 2022, the company had planted 5,083, 1,444 and 1,239 pioneer species and respectively 7,155, 2,136 and 1,769 local species. In company reports, for 9 months last year, the total funds disbursed for environmental costs from rehabilitation amounted to USD 3 billion. "This is the industry of the future, the aspect of taking care of the ling.Source: https://kumparan.com/kumparanbisnis/menyusuri-pengelolaan-lingkungan-di-lokasi-tambang-harita-nickel-20BcUKuiUtg/full

Indonesia considers free trade deal with US on key minerals
Indonesia considers free trade deal with US on key minerals
11 Apr 2023, 12:00 PM 5642

Indonesia is looking to propose a limited free trade agreement (FTA) with the US on critical minerals, reported Reuters. The South-East Asian nation does not currently have an FTA with the US. According to Reuters, Indonesian’s Coordinating Minister of Maritime Affairs and Investment Luhut Pandjaitan said: “We do not have an FTA with them. Now we’re proposing a limited FTA with them.” He plans to hold talks with Ford and Tesla executives on the issue during a US visit scheduled later this week.This move is aimed at helping Indonesian firms in the electric vehicle (EV) battery supply chain capitalise on US tax credits. On the part of the US, the move could reduce its dependence on China for its EV battery supply chain expansion. The latest proposal follows new guidance released by the US regarding EV tax credits under the Inflation Reduction Act (IRA).This calls for manufacturing or assembling a certain value of battery components in North America or a free trade partner. Pandjaitan’s deputy Septian Hario Seto said the FTA proposal was in a preliminary phase and is expected to be similar to the critical mineral trade deal between the US and Japan. Seto noted: “It’s the same in essence, that for critical minerals there will be free trade with requirements on processing, such as for nickel, aluminium, cobalt and copper.” Indonesia claims to currently hold the world’s largest reserves of nickel, which is a key element in EV batteries.The country is looking to capitalise on this prospect and attract battery and EV manufacturers such as US firms Tesla and Ford. In a recent development, Ford Motor collaborated with Vale Indonesia and China’s Zhejiang Huayou Cobalt to develop a $4.5bn nickel processing plant in Indonesia.Source: https://www.mining-technology.com/news/indonesia-free-trade-us/

20 Million More Bauxite Ore Will Be Affected by Export Bans, AP3I Response
20 Million More Bauxite Ore Will Be Affected by Export Bans, AP3I Response
09 Apr 2023, 12:00 PM 6175

Based on data from the Ministry of Energy and Mineral Resources (ESDM), bauxite ore production in 2022 will be 27.7 million tons and only 7.8 million tons will be absorbed. The remaining 20 million tons will be sold to the export market. This means that after the export of raw bauxite minerals will be carried out in June 2023, there will be 20 million bauxite ores that will be affected. Secretary General of the Association of Processing and Refining Industry Companies (AP3I), Haykal Hubeis explained, when comparing Indonesia's bauxite ore resources with the smelters that have been built, domestic absorption is still far from the capabilities of existing bauxite mines.However, reflecting on Law Number 4 of 2009 concerning Mineral and Coal Mining (minerba) it is clear that it requires mining companies to build smelters which will be implemented no later than 5 years after the Law was enacted or in 2014. Haykal explained, the obligation to build the smelter has been valid until now or 8 years. This reflects that the government continues to provide time for business actors to build refining and processing facilities. "I mean that the government's decision-making in this matter has been thought through quite carefully," he explained to Kontan.co.id, Friday (6/4).Haykal assessed that the government is getting more serious about downstreaming minerals in the country because the country wants to get added value from the natural resources (SDA) it has. In addition, even if this moratorium policy will have an impact on miners, the government has actually given the company quite a long time to prepare to build its smelter. Haykal emphasized that mineral downstreaming was already underway in Indonesia. There are already those who will build and operate smelters, be it state-owned companies, the private sector, and foreign investors."So it's been running, it's been proven. So no need to pull back again. For miners who are affected, they can sell their bauxite on a business to business basis with the smelter," he said. Another option, the sale of bauxite can also be left to the market mechanism. Or even better if the government is willing to facilitate and help mining business actors allocate their production to existing smelters. So after the export ban, the government can help business actors to have a mechanism for supply and demand for bauxite ore so that it is balanced.Haykal revealed that the ban on bauxite ore exports has actually received a positive response from investors because of the certainty of the supply of raw materials to the smelter being built. He said that the banks reacted positively because one of the main considerations for extending credit was the certainty of the supply of bauxite ore because the smelter must have a long life.Source: https://industri.kontan.co.id/news/20-juta-lebih-bijih-bauksit-akan-terdampak-pelarangan-ekspor-ini-tanggapan-ap3i

Kideo Coal Sales and Production Volume Increases in the First Two Months of 2023
Kideo Coal Sales and Production Volume Increases in the First Two Months of 2023
09 Apr 2023, 12:00 PM 6108

A subsidiary of PT Indika Energy Tbk (INDY), namely PT Kideco Jaya Agung (Kideco) recorded an increase in production and sales volume performance in the first 2 months of 2023. Indika Energy's Head of Corporate Communications, Ricky Fernando, said that Kideco's actual production during January-February 2023 reached 4.7 million tons. Meanwhile, Kideco's sales volume for the January-February 2023 period reached 5.1 million tons. A total of 1.6 million tonnes or around 31% of which was distributed for domestic needs."We are optimizing production to help meet domestic and global needs. We also focus on improving diversification performance in the non-coal sector and strengthening the Company's ESG (Environmental, Social, Governance) performance, said Ricky to Kontan.co.id, Saturday (8/4). As a comparison, Kideco recorded production of 4.6 million tons of coal in January-February 2022. Meanwhile, Kideco's realized sales volume for the January-February 2022 period amounted to 4.7 million tons with a portion of 1.8 million tons or 38% domestic demand. By the end of the year, Kideco is targeting a coal production target of 31 million tonnes. According to the plan, Kideco's export targets will target China, India, Japan, South Korea, and Southeast Asian countries, as well as domestic fulfillment.Source: https://industri.kontan.co.id/news/volume-penjualan-dan-produksi-batubara-kideo-naik-di-dua-bulan-pertama-2023

PTFI Prepares IDR 7 Trillion for Mine Closure
PTFI Prepares IDR 7 Trillion for Mine Closure
09 Apr 2023, 12:00 PM 6022

PT Freeport Indonesia (PTFI) ensures that it prioritizes Environmental, Social, and Governance (ESG) principles in carrying out its business operations. PTFI President Director, Tony Wenas, said this principle can be seen from the Grasberg mine which has been reclaimed after it was not operating. This condition, according to Tony, is also carried out in other areas if they are no longer mining production areas. Although he said, PTFI still has a Special Mining Business Permit (IUPK) until 2042. On the other hand, copper ore reserves managed in the PT Freeport Indonesia IUPK area can still be produced until 2054."Besides that, we also plant mangroves with a target of 10 thousand hectares in 2041, and also in 2041 we will already have mine closure documents at a cost of around Rp. Tony to the coil while visiting the Grasberg mining area, in Timika, Papua, Saturday (8/4). Meanwhile, PTFI's social investment funds for the last 29 years or from 1992 to 2021 have reached USD 1.9 billion. Going forward, PTFI will continue social investment of an average of USD 100 million per year until 2041. Tony explained that PTFI had also committed to reduce carbon emissions from mining operations by up to 30 percent. Even so, his party will try to reduce emissions can be above 30 percent."So we are doing it, ESG is not ordered or a necessity, but a necessity for operations anywhere, we always have the principle that there is no company that can prevail in the community and environment that fails, no company triumphs or continue better among communities and environments that fail," said Tony. Tony admits that the ESG effort is not easy. He emphasized that good synergy is needed with related parties, especially the Regional Government. Tony ensured that his party would also continue to make efforts to create programs that would benefit the people of Papua. "How do we make programs that can improve not only the nature of the people's lives themselves, but how can they catch up including the digitization program, among other things we also help the Papua Youth Creative Hub Center which in Jayapura we also support for the development of MSMEs," said Tony .Source: https://kumparan.com/kumparanbisnis/masih-akan-beroperasi-puluhan-tahun-ptfi-siapkan-rp-7-t-untuk-penutupan-tambang-20BCUeCRdAp/full

Aneka Tambang (ANTM)  Actively Looking for New Potential Gold Mines
Aneka Tambang (ANTM) Actively Looking for New Potential Gold Mines
06 Apr 2023, 12:00 PM 5652

PT Aneka Tambang Tbk (ANTM) continues to strive to increase gold reserves, which is one of ANTM's mainstay commodities. Last year, gold products became the biggest contributor to ANTM's revenue, with a proportion of 69% of ANTM's total sales, with sales value reaching IDR 31.63 trillion. ANTM Main Director Nicolas D. Kanter said, his party is currently looking for potential mines to add to ANTM's gold reserves. “Pongkor, which is the main source of ANTM's gold mine, is depleting its reserves. Luckily yesterday (its age) could be extended because there were new reserves discovered," Nicolas told the media, Wednesday (6/4). Nicolas said, there are already several priority gold mines that are currently being tried to be acquired. However, to find a potential gold mine is not as easy as turning the palm of the hand. "(The new mine) is not only to increase reserves but also asset valuation," he continued. As an illustration, last year the level of unaudited gold production reached 1,268 kg or 1.2 tons or the equivalent of 40,767 troy oz. In 2021, ANTM's unaudited gold production will reach 1.69 tonnes. This means that ANTM's gold production decreased by 24.9% on an annual basis. However, ANTM posted an increase in gold sales volume performance. Throughout 2022, this state-owned metal mining issuer recorded unaudited gold sales of 34,967 kg or 1,124,215 troy oz in 2022. This realization rose 19.01% from last year's gold sales volume of 29.03 tons.Source: https://industri.kontan.co.id/news/tingkatkan-cadangan-aneka-tambang-antm-aktif-cari-tambang-emas-potensial-baru

ADRO plans a buyback, preparing IDR 4 trillion
ADRO plans a buyback, preparing IDR 4 trillion
05 Apr 2023, 12:00 PM 5693

PT Adaro Energy Indonesia Tbk (ADRO) has decided to repurchase its shares, known as buyback, amounting to 10% of its issued and paid-up capital at most with a maximum budget of IDR 4 trillion.In the information disclosure in Indonesia Stock Exchange (IDX) today (5/4), the management of ADRO claimed that the buyback will be carried out gradually within the next 18 months after the approval of Annual General Shareholders Meeting of the company. Meanwhile, the shareholders meeting is scheduled to take place on May 11, 2023. The buyback will use up ADRO’s internal cash as the company has recorded solid and adequate cash flow to fund the entire business and operational activities.Should the buyback plan be approved during the meeting, the shares will begin to be repurchased on May 12, 2023. Then, the buyback period will last for 18 months starting from said date, and the disclosure of the minutes of meeting will be issued on May 15, 2023.The management of ADRO also reaffirmed that should the budget run out, or if the number of repurchased shares had met the required amount, ADRO will announce the early termination of buyback period.In 2021, ADRO had reportedly bought back its shares during the significantly fluctuating market condition using POJK No.2/2013 as reference. Then, after going through 4 extended terms of buyback period, whose last period started from September 16, 2022, to December 16, 2022, ADRO had recorded a buyback of 1 billion shares, equivalent to 3.13% of ADRO’s total issued and paid-up capital. (AM/ZH)Source: https://www.idnfinancials.com/news/46546/adro-plans-buyback-preparing-idr

Gov't Mulls Allowing Mineral Export Due to Smelters Constraints
Gov't Mulls Allowing Mineral Export Due to Smelters Constraints
04 Apr 2023, 12:00 PM 5511

The government is mulling allowing companies whose smelter construction is affected by Covid-19 to export unprocessed ores and partially processed minerals (concentrates) past the deadline on June 10, 2023.The decision to allow ore exports beyond June 10 is still in finalization. According to Energy Minister Arifin Tasrif, the Covid-19 pandemic has hindered smelter construction completion. But the minister denied that giving companies a chance to export minerals past June 10 is a form of relaxation to the government policy.“There is actually no need for relaxation. We are simply taking into account the Covid-induced delay [in the smelter project]. That is what we are finalizing,” Arifin was quoted as saying by Investor Daily.The government has begun assessing the Covid-19 impact on smelter construction since late 2022. But miners such as Freeport Indonesia and Amman Mineral Industri have long expressed their concerns, even since April 2020.At the time, the government insisted on punctual construction completion. The government even sent a letter of reprimand to Freeport Indonesia in Sep. 2020. Freeport Indonesia had to pay a $57 million fine due to the delay in its smelter project.The Energy Ministry has allowed Freeport to export 2.3 million tons of copper concentrates until June 10, 2023. Freeport Indonesia president director Tony Wenas gave the latest updates on the project in a hearing at the House of Representatives on March 27. According to Tony, the company’s smelter project in Manyar, Gresik, has reached 54.5 percent completion, exceeding the targeted 52.9 percent.The project is set to finish later this December. It will then enter pre-commissioning and commissioning until May 2024. Production would begin in phases, and get into full swing on Dec. 2024.“We are committed to finishing the smelter construction,” he said.The special mining permit, also known as the IUPK, given to Freeport stated that the miner should construct smelters no later than five years after the permit issuance in 2018. Freeport has also informed the government that the smelter could finish in 2024 or a year later than expected due to Covid-19.Investor Daily reported that the IUPK permit also includes a force majeure provision regarding the smelter construction. In other words, smelters are expected to complete by 2023 provided there are no force majeure events. The government has declared Covid-19 as a non-natural force majeure. The permit also states that Freeport can still export concentrates during the construction of the smelter.Source: https://jakartaglobe.id/business/govt-mulls-allowing-mineral-export-due-to-smelters-constraints

Agincourt Resources Lowers Gold Production by 2023
Agincourt Resources Lowers Gold Production by 2023
03 Apr 2023, 12:00 PM 7072

PT Agincourt Resources plans to reduce the volume of gold production in 2023 in order to realize the principles of sustainable mining. Deputy President Director of PT Agincourt Resources Ruli Tanio said, this year, his party is targeting 200 thousand ounces of gold production from the Martabe Gold Mine in Tapanuli, North Sumatra. This figure is lower than the actual production in 2022 which reached 286 thousand ounces. "This year we are trying to figure 200 thousand ounces, a decrease from last year's around 286 thousand ounces," he said when met at the Alana Hotel, Yogyakarta, quoted Monday (3/4/2023). He revealed that the reduction in the rate of gold production from the Martabe Mine was expected to improve the quality of several other aspects, such as staff training, standard operating procedures (SOPs), and others. Nevertheless, Ruli is optimistic that PT Agincourt Resources still has a higher net profit compared to the previous year. According to him, the movement of the gold price which is predicted to be better this year will allow his party to achieve the financial target even though the production rate has decreased.Meanwhile, he said that the achievement of gold production at the Martabe Mine until now was still in line with Agincourt's expectations. Throughout the first quarter of 2023, the Martabe Mine was able to produce as many as 50 thousand ounces of gold or around 2.5 percent of this year's production target. “Currently the commodity price of gold is good. We are optimistic that this year will be better than last year. The price may be in the range of US$1,800 per ounce," he continued.Source: https://ekonomi.bisnis.com/read/20230403/44/1643115/agincourt-resources-turunkan-produksi-emas-tahun-2023

Advertisement


GET YOUR PASS