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WORLD’S LARGEST COPPER SMELTER OWNED BY FREEPORT OFFICIALLY OPERATES IN INDONESIA The PT Freeport Indonesia (PTFI) smelter, located in the Java Integrated Industrial Ports Estate (JIIPE) Special Economic Zone (SEZ) in Gresik, East Java, has officially commenced operations. This monumental achievement represents the Indonesian Government’s commitment to industrial downstream policies, aiming to enhance the national economy while ensuring resilience. 🔍 KEY POINTS: ✅ Unprecedented Scale: - The PTFI smelter stands as the world’s largest single-line copper refining facility. - Its impressive refining capacity reaches 1.7 million tons of copper concentrate annually. - The project spans 100 hectares within the JIIPE SEZ and boasts a cumulative investment value of US$3.7 billion. ✅ Domestic Value Creation: - Beyond benefiting domestic construction companies, the smelter’s operation will create multiplier effects for the people of Gresik Regency. - By refining 3 million tons of copper concentrate annually, it contributes significantly to Indonesia’s industrial landscape. - The collaboration with PT Smelting further enhances the country’s copper production capabilities. ✅ Integrated Mining and Royalties: - The smelter represents a groundbreaking integration from mining to the final product. - Gold production (50 tons) and silver production will generate royalties, bolstering government revenue. - This holistic approach ensures that all copper concentrate produced by PTFI can be processed and refined domestically. ✅ Ecosystem Support for Downstreaming: - PTFI’s presence in the Gresik SEZ aims to attract an ecosystem that supports downstream industries, particularly electric vehicles (EVs). - As EVs gain prominence, copper’s role becomes even more critical due to its use in electrical components. ✅ Economic Impact: - The Gresik SEZ has already recorded an impressive investment value of IDR 75.2 trillion by March 2024. - Over 35,000 workers have found employment within this thriving economic zone. - Strengthened exports, including nickel and palm oil, contribute to Indonesia’s economic stability. 🔗 Read full article on https://lnkd.in/gDkzwKYG #CopperSmelter #IndustrialDevelopment #IndonesiaEconomy #SustainableGrowth

Western media appears to keep blaming Indonesia and China’s strategy to hide the fact that there was a race for nickel and Indonesia won. Indonesia is able today to use what it was considering waste just two years ago (limonite) to produce MHP for batteries. So, while maintaining saprolite production for NPI and FeNi and even ramping it up, the massive investment in HPAL allows to do the same with limonite. Indonesia is the present of nickel. The next step will be, apart from the never ending growing, to be able to recycle dry stack from leaching to produce pig iron so HPAL recovery rate will move from 1 % to 37 %. Indonesia is the future of nickel. #indonesia #mining #wedabaynickel #iwip #tsingshan

Indonesia's Nickel Expansion: Reserves and Realities 🔍🌐 ✅ Nickel reserves ample for expanded processing, affirms Indonesia's Investment Ministry, despite calls for a moratorium. ✅ High-grade nickel set to last until 2035, with low-grade reserves ensuring supply until at least 2069. ✅ Potential for growth in stainless steel and EV battery material extraction, positioning Indonesia as a top player by 2040. ✅ First EV battery plant to wrap up construction this year, paving the path for Indonesia's electric mobility future. ✅ Calls for caution: APNI advocates for a moratorium on new pyrometallurgy plants to preserve high-grade reserves. ✅ Future strategies under consideration, including exploring new resources amidst environmental concerns. Resource https://lnkd.in/eKA595YK MINING.com Sizer Metals Pte Ltd Sizer Metals Pvt. Ltd. #sizermetals #sizermetalspteltd #abizertambawala #metalindustry #metalnews #globaleconomy #globalindustry #markettrends #NickelExpansion #IndonesiaIndustry

Dr. Sebastian Kreft, Co-Founder of Metalshub, gave a statement to the Financial Times regarding the latest news around the spiked supply of low-cost nickel from Indonesia and Australian mining billionaire Andrew Forrest calling the London Metal Exchange to separate ‘clean’ nickel contracts. There has been rapid growth in the #nickel industry in Indonesia since 2019. Nickel is one of the key metals for electric car batteries and stainless steel production. While the transition to green mobility requires sustainable supply chains, sourcing nickel from Indonesia comes with high carbon emissions due to its reliance on coal-fired power. Sebastian suggests that separating ‘green’ and ‘dirty’ nickel on the #LME would go against recent demands to rebuild liquidity in the LME nickel contract following the nickel crisis in 2022. The LME expressed its support for the industry, highlighting that it has “several sustainability measures to ensure transparency throughout the supply chain” and that the discovery of a green premium should take place on physical trading platforms rather than the LME. The LME added that nickel sellers can already add #ESG credentials and carbon footprint information when offering material on the #Metalshub platform. Reported by Anantha Lakshmi in Jakarta and Harry Dempsey in London. Read more 👉 https://lnkd.in/ew2DmwGm #energytransition #decarbonisaton #supplychaintransparency #rawmaterials

Governments in the West are striving to secure supply chains essential for decarbonizing the global economy. Yet, in an ironic twist, Indonesia's coal-based nickel production could render half of the most eco-friendly mines unprofitable and force them to shut down. Indonesia now accounts for over half of the world's supply, with the potential to reach three-quarters of all production by the end of the decade. - Macquarie Group Ltd. estimates that around 250,000 tons of annual production, equivalent to roughly 7% of the total, have already been withdrawn from the market due to closures, with another 190,000 tons of planned production delayed. - Traditionally, nickel has been divided into two categories: low-grade for stainless steel manufacturing and high-grade for batteries. A massive Indonesian expansion of low-grade production led to a surplus, and, more crucially, processing innovations allowed that excess to be refined into a high-quality product. -Western miners are pinning their hopes on short-term state aid and a push towards customers like automakers, who demand "greener" nickel in the future and are willing to pay more for it. However, so far, nickel buyers are reluctant to pay extra. #nickel #decarbonization #supplychain #indonesia #ecofriendly #mining #automakers #industrialpolicy https://lnkd.in/egypFZj6

Indonesia to Launch Nickel and Tin Online Tracking System (SIMBARA) Next Week! 🔹 The new system aims to enhance government revenue and improve mining governance. 🔹 From mines to domestic smelters, SIMBARA ensures transparent tracking of nickel and tin shipments. 🔹 Smelters must register ore sources and ensure royalties are paid before unloading shipments. 🔹 Following its success in the coal sector, SIMBARA is set to replicate its achievements in nickel and tin. 🔹 Linked to RKAB, the system tracks production quotas and flags discrepancies in output and sales data. 🔹 Plans to extend SIMBARA to other minerals like bauxite and copper are in the pipeline. Source: https://lnkd.in/g7AAZsk8 Sizer Metals Pte Ltd Sizer Metals Pvt. Ltd. #sizermetals #sizermetalspteltd #abizertambawala #MetalIndustry #MarketUpdate #IndonesiaMining #Nickel #Tin #SIMBARA #MiningGovernance #InnovationInMining #GovernmentRevenue #Sustainability

Indonesia is wiping out its competitors in the nickel industry in a remarkable way. Yet, here we have again another article calling Indonesian nickel “dirty”. On what basis exactly are western media allowing themselves to disrespect an entire country? Indonesia has it all, the largest nickel resources in the world and the industrial parks that go with it, the best people, with strong professionals and the willingness to grow, to accomplish miracles, to seize this amazing opportunity in the new age of metals, to not miss the train of the energy transition, to not let pass this chance of becoming a top 5 world economic power that is here now, in front of its doorstep. Indonesia can do it all: mining safely, with the highest standards in environment, social and governance, with the best, most cost-effective, most performant, fastest growing operations in the world. In fact, it is not that we can do it, but that we are already doing it. And to close this ridiculous discussion, we, in Weda Bay Nickel have committed to achieve IRMA 50 by the end of 2025. You can consider it set in stone. #mining #nickel #indonesia #wedabaynickel #sustainablemining

Indonesia Poised to Become a Global Price Setter for Mineral Commodities! Indonesia is rich in various commodities, including coal and tin. As the world's largest coal producer, the country has a significant presence in the global market. Holding company MIND ID, along with PT Timah Tbk, plans to utilize new technologies for tin processing in 2023. The state-owned mining holding company, PT Mineral Industri Indonesia (MIND ID), sees an opportunity for Indonesia to establish itself as a global price setter for mineral and coal commodities. MIND ID's CEO, Hendi Prio Santoso, aims for Indonesia to achieve this status in the near future. "We hope that soon we can become a global price setter. This is one of the main goals we are striving for within the MIND ID Group," Hendi stated in an official release on September 8, 2024. Despite being the largest coal producer in the world, Indonesia still relies on price indices from countries like Australia. Similarly, despite its vast tin reserves, Indonesia is not yet a global price setter for tin. Hendi suggests that Indonesia, along with other major producers like China and Peru, could adopt a price-setting model similar to the Organization of the Petroleum Exporting Countries (OPEC). MIND ID is proactively increasing exploration activities, both aggressively and selectively, to manage reserves optimally and meet global demand. The group is also enhancing its existing capabilities, expanding its downstream business, and promoting further industrialization to add more value to the minerals it manages. Additionally, MIND ID is actively building strategic alliances to expand its downstream business, which will strengthen Indonesia's position in the global supply chain. The company continues to collaborate with relevant stakeholders to establish strict national production quotas, which will serve as a benchmark for all mining industry players in Indonesia, ultimately helping the country set prices. **Mineral Reserves Management** MIND ID is also focused on optimizing mineral reserve management while adhering to sustainable mining principles. "Our efforts to become a market leader and global price setter will provide maximum benefits for the prosperity of all Indonesian people," Hendi concluded. Contact us if your company needs a coal supply,we are directly connected to mining sources. Whats'app +62 858 5136 8391 pratamasumbersentosa@gmail.com #IndonesianCoal #CoalIndustryID #EnergyIndonesia #IndonesiaCoalPower #CleanCoalID #CoalMining #CoalIndia #CoalBangladesh #CoalPowerPlant #IndiaCoal #CoalImport #BangladeshCoal #CoalReserves #CoalSupplyChain #SustainableCoalID #CoalTradeID #CoalChina #CoalInfrastructure #ImportCoal #IndonesiaEnergyFuture #CoalExportMarket #CoalIndia #IndiaCoal #RenewableEnergyID #CoalImporters #CoalEnergyTransition #CoalInvestorsID #CoalBusinessOpportunity #IndonesiaCoalExports

Indonesia is here to stay, to rule the world’s nickel market. Instead of asking for protectionist measures or engaging in any market manipulation, instead of insulting what they don’t even know, Western players would be better off focusing on finding ways to collaborate with the new king of mining: INDONESIA! #indonesia #mining #wedabaynickel #sustainablemining #nickel

🌍 Let’s Reflect on the Future of Mining in Indonesia 🌐 The recent article on the implementation of the SIMBARA system in Indonesia opens the door to a crucial conversation about responsible mining and its global impact. The 22nd of July marked a milestone with the introduction of this tracking system for nickel and tin, key resources in the global economy, where Indonesia plays a leading role. Why is this important? 🤔 SIMBARA not only aims to increase transparency and accountability in the supply chain but also to combat illegal mining, a problem that has affected the sector's reputation and sustainability. Furthermore, this system will allow the Indonesian government to maximise the revenue generated from these resources, with a projected increase in royalty payments that could reach up to US$617 million. 🎯 Points to Reflect on and Discuss: 🔍Transparency and Sustainability: What impact will SIMBARA have on the fight against illegal mining and the sustainability of the sector? 📈Economic Impact: With the potential increase in revenue for Indonesia, how do you think this will affect the global economy of nickel and tin? 🔄System Expansion: SIMBARA could expand to include other resources such as gold and copper. What implications might this expansion have? The implementation of SIMBARA represents a significant step towards a more transparent and fair future in the mining industry. We invite you to share your thoughts and join the conversation on how this change could reshape the sector and contribute to a more responsible management of our natural resources. 🌱🔍 https://lnkd.in/dM7jqg9X #Lithium #gold #copper #criticalminerals #evcharging #energytransition #cobalt #nickel #graphite #Mining #RareEarths #commodities