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🇮🇩 Asosiasi Penambang Nikel Indonesia(APNI) 'sstrategic move to establish local price benchmarks has led to the launch of the Indonesia Metals Exchange (IME) in 2025. The initiative by the Indonesian Nickel Miners Association aims to set domestic nickel prices and create market impact, as seen with a 5.6% rise on SHFE and a 2.4% increase on LME. Stay informed: https://lnkd.in/d6nwjuc9 Additionally, for trusted benchmarking in steel and raw material contract negotiations and settlements, check out the BigMint (formerly SteelMint/CoalMint) price indices at www.bigmint.co. Stay updated with key industry insights and market trends. #APNI #IndonesiaMetalsExchange #IME #BigMint #NickelPrices #MarketImpact

Indonesia's government has successfully finalized its contract extension with Freeport, the largest gold mine and second largest copper mine in the world. As part of this development, the country is also considering an increased stake in the company. This move signifies Indonesia's strategic approach towards its natural resources and their potential contribution to the national economy. The contract extension is a testament to Indonesia's commitment to fostering a conducive business environment while ensuring that benefits are equitably distributed. It is expected to bring about positive impacts for both parties involved. What are your thoughts on this development? How do you see this impacting Indonesia's economy in the long run? #IndonesiaEconomy #NaturalResourcesManagement

According to Bloomberg, Indonesian nickel supply - which is roughly half of global supply - comes at the high cost of "fatal accidents and ecological damage." Without a marked improvement in mining practices in Indonesia, we could see "a bifurcation of clean and tainted metal," with a price premium for the former. At Ridgeline, we prioritize sustainable mining practices by focusing on jurisdictions with strong safety and environmental regulations. #nickel #batterymetals #sustainability #ridgelineroyalties https://lnkd.in/gBzUAeeA

🚨 Indonesia's Freeport Ownership: A Game Changer or A Compromise? 🚨 Indonesia is ahead to control 61% of Freeport's shares, a monumental shift in ownership aimed at boosting local benefits. This move, which includes President Jokowi's push to accelerate government shares in the company, comes alongside the extended operational permission for Freeport until 2061. The big question is: Does this new deal truly serve Indonesia's long-term interest, or is it a trade-off for more extractive industry dominance? With the recent opening of the smelter and the divestment, there's potential for increased local economic impact. But at what cost to sustainability and resource sovereignty? Let's dive into the pros and cons: 🔹 Pros: Increased national revenue, job creation, and added value through local processing. 🔹 Cons: Environmental concerns, long-term reliance on mining, and challenges in balancing control with foreign operations. What are your thoughts? 🤔 Is this a win for Indonesia, or does it open new challenges in managing both economic gains and environmental stewardship? 💬 Share your insights in the comments below! #Sustainability #MiningIndustry #Freeport #Indonesia #ResourceManagement #ESG #SustainableDevelopment

Suvo Strategic Minerals (ASX: SUV), through its subsidiary #ClimateTechCement (CTC), has entered into a cooperation agreement with PT Huadi Bantaeng Industrial Park in Indonesia. Proactive's Tylah Tully has Just the facts for you. The agreement involves evaluating the use of a slag by-product produced by #PTHuadiNickelAlloyIndonesia, a tenant of the industrial park, in the production of #geopolymercement or #concrete. CTC will test the suitability of the slag for manufacturing #geopolymerproducts. If the material proves viable, the companies may enter a commercial agreement for the continued supply and commercialisation of the slag. Geopolymer cement, which uses industrial by-products, presents an #ecofriendly alternative to traditional #clinkerbasedcement, significantly reducing #CO2emissions in an industry responsible for about 8% of #globalgreenhousegasemissions. Watch at #Proactive #ProactiveInvestors #ASX http://ow.ly/10G2105IcXb https://lnkd.in/eubmV8CZ

🔴 𝐅𝐫𝐞𝐞𝐩𝐨𝐫𝐭 𝐔𝐧𝐥𝐞𝐚𝐬𝐡𝐞𝐬 𝐂𝐨𝐩𝐩𝐞𝐫 𝐏𝐫𝐨𝐰𝐞𝐬𝐬 𝐰𝐢𝐭𝐡 𝐌𝐚𝐢𝐝𝐞𝐧 𝐂𝐨𝐧𝐜𝐞𝐧𝐭𝐫𝐚𝐭𝐞 𝐒𝐡𝐢𝐩𝐦𝐞𝐧𝐭 𝐭𝐨 𝐌𝐞𝐠𝐚 𝐒𝐦𝐞𝐥𝐭𝐞𝐫! 🏭 PT Freeport Indonesia (PTFI) has set sail on a new journey, commencing its first shipment of copper concentrate from Amamapare Port, Mimika Regency, Central Papua Province, to the newly operational PTFI Smelter in the Java Integrated Industrial and Port Estate (JIIPE), Gresik, East Java Province. Tony Wenas, President Director of PTFI, heralded this momentous occasion, stating, "The initial shipment of this concentrate marks a pivotal moment for PTFI and Indonesia, as all the copper concentrate will be refined domestically. This is a foundational step towards advanced downstream processing in Indonesia." Stay ahead of the curve and delve into the details of this groundbreaking development by reading the full article on: https://lnkd.in/epdMN7Cb Don't miss out on the latest insights and analysis from Indonesia's mining and resources sectors. Subscribe to our newsletter and gain exclusive access to our industry-leading reports, maps, and publications at Petromindo.com. 📰 #FreeportIndonesia #CopperConcentrate #MegaSmelter #DownstreamProcessing #IndonesiaMining #JIIPE #Petromindo

This is an excellent article as to how nickel production in Indonesia has grown and the impacts of that growth. This should be required reading for anyone who is considering sourcing nickel from Indonesia and wants to understand the ramifications of that decision. #nickel #HPAL #indonesia

It doesn't have to be this way, for two reasons. First, we could build more in the west, but we would need to decide to do so, get society on board, and ensure customers are willing to support production with a higher EHS standard. Secondly, it can be done better in Indonesia. 25 years ago I helped start up part of the Gresik copper smelter complex in Indonesia. The facility was designed and overseen by Japanese firms. Worker protections and practices were good, worker training and competence was good, and there was a good degree of harmony between local and foreign workers. Things CAN be done well in Indonesia - if the operators want to. But that is not the experience we keep hearing about with the expansions in the nickel industry. I suspect the long-established facilities at PT Antam and PT Vale might be different than the newer ones. In a corrupt country, relying on regulators to enforce good operating practice is irresponsible. Facility operators will do what they want - good or bad. This is why monitoring by minority partners and auditing by customers is so important. Ten years ago we went through this with figuring out supply chain relationships for cobalt. The major concerns then were child labour and conflict minerals issues. Not as much focus on environment, worker safety, etc. But we headed down a path of determining the supply chain - and it is very doable for the battery companies to do the same - if they want to. Most of the OEM responses refer to expectations that their suppliers pass responsibilities up the supply chain, but do not speak to auditing. Is it done through all steps? They speak more to human rights/labour issues than environment, but we know that the Indonesian nickel - especially that from NPI facilities - has the highest climate change impacts in the industry, and clearly significant issues with air and water pollution. But if you are going to audit supply chains for labour and environmental practices, you need people knowledgeable in the industry to do it, with freedom to look at whatever they want. It is way too easy for operators to only show auditors the "good parts" version. And again for those in the back: upgrading NPI to matte for refining to high-purity nickel products is not new, it was operated in New Caledonia for decades.

Trafigura has failed to acquire the major cobalt deposit of Mutoshi and this opens doors to Chinese NORIN group to have control of chemaf assets in DRC. Why did Trafigura fail to acquire the Mutoshi copper and cobalt deposit since 2017 while it funded the construction of Mutoshi plant? Trafigura is reputed in commodity negotiations and how does chinese Norin group take advantage in acquiring chemaf assets while Trafigura's presence in Mutoshi project is significant? More questions are coming....

In today’s Client Update, Partner Nazly Parlindungan Siregar, Senior Associate Budi Herdiyanto, and Associate Dealita Tiara Oktaviani highlight key changes in the recently issued Minister of Finance Regulation No. 38 of 2024 on Determination of Exported Goods Subject to Export Duty and Export Duty Rates, which simplifies export duty rates for processed metal mineral products and extends the application period to 31 December 2024. This streamlined approach, by eliminating progressive rates and setting a single rate for businesses at the commissioning stage, aims to foster a more transparent and predictable regulatory environment, encouraging timely completion of refining facilities and contributing to the growth of Indonesia’s metal mineral processing industry.  Read the full update at https://lnkd.in/gfsFCE7E Stay connected with Rajah & Tann Asia for Insights across Asia: https://lnkd.in/gGErinv  #AHPClientUpdate #AHP #MOF #Export #Customs #Metals #Minerals #Regulations #Indonesia