PT Vale Indonesia Tbk’s Post

💼 PT ANTAM Tbk 𝐀𝐜𝐪𝐮𝐢𝐫𝐞𝐬 𝟑𝟎% 𝐒𝐭𝐚𝐤𝐞 𝐢𝐧 tsingshan holding group 𝐒𝐮𝐛𝐬𝐢𝐝𝐢𝐚𝐫𝐲 𝐟𝐨𝐫 $𝟏𝟎𝟐.𝟓 𝐌𝐢𝐥𝐥𝐢𝐨𝐧 State-owned miner PT ANTAM Tbk, through its subsidiary PT Gag Nikel (𝗣𝗧𝗚𝗡), has acquired a 30% stake in 𝗡𝗲𝘄𝘁𝗼𝗻 𝗜𝗻𝘁𝗲𝗿𝗻𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗣𝘁𝗲. 𝗟𝘁𝗱. (𝗡𝗜𝗜), a subsidiary of China’s Tsingshan Eternal, for $102.5 million (Rp 1.60 trillion). 𝗡𝗜𝗜 holds shares in 𝗝𝗶𝘂𝗟𝗼𝗻𝗴 𝗠𝗲𝘁𝗮𝗹 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 (𝗝𝗟𝗠𝗜), a nickel smelting company in Central Halmahera, North Maluku. tsingshan holding group, 𝗮 𝗴𝗹𝗼𝗯𝗮𝗹 𝗹𝗲𝗮𝗱𝗲𝗿 𝗶𝗻 𝘀𝘁𝗮𝗶𝗻𝗹𝗲𝘀𝘀 𝘀𝘁𝗲𝗲𝗹 𝗽𝗿𝗼𝗱𝘂𝗰𝘁𝗶𝗼𝗻, operates smelting facilities worldwide, including Indonesia. 𝗝𝗟𝗠𝗜, part of the tsingshan holding group, owns nickel smelting operations in Central Halmahera. The deal, finalized on October 3, follows a conditional sale and purchase agreement (CSPA) signed on May 3. 𝗪𝗶𝘁𝗵 𝘁𝗵𝗶𝘀 𝗮𝗰𝗾𝘂𝗶𝘀𝗶𝘁𝗶𝗼𝗻, 𝗣𝗧𝗚𝗡 𝗻𝗼𝘄 𝗼𝘄𝗻𝘀 𝟯𝟬% 𝗼𝗳 𝗝𝗟𝗠𝗜, 𝘄𝗵𝗶𝗹𝗲 𝗡𝗜𝗜 𝗿𝗲𝘁𝗮𝗶𝗻𝘀 𝘁𝗵𝗲 𝗿𝗲𝗺𝗮𝗶𝗻𝗶𝗻𝗴 𝟳𝟬%. This acquisition supports Indonesia's downstream policy to boost local companies' financial performance and create added value for shareholders. It also expected to support the government's efforts to develop the national electric vehicle ecosystem, according to PT ANTAM Tbk’s management. #Stainlesssteel #Nickel #Investment #Indonesia #BusinessNews #MiningIndustry #Mining #ANTAM #Sustainability

🌟 Amidst global challenges surrounding sustainability and social responsibility, PT Vale Indonesia Tbk is dedicated to leading the way in implementing effective and sustainable mining practices. We are truly grateful and proud to receive recognition from the Ministry of Energy and Mineral Resources (ESDM) at the Good Mining Practices (GMP) Award 2024, which honors our dedication to implementing sustainable mining practices. Receiving two Utama Awards for the Technical Management and Environmental Management Aspects in Mineral Mining, and one Aditama Award for the Conservation Management Aspects in Mineral Mining, reminds us of the importance of collaboration. These achievements are a testament to the hard work of our dedicated team, our partners, and the unwavering support of the community. We are inspired to continue improving and making a positive impact, motivating us to do even better in the future. Our Vice President Director and Chief Operation & Infrastructure Officer (COIO), Abu Ashar, emphasized that our commitment to the principles of People, Profit, and Planet (3Ps) is at the heart of every decision we make. We strive not only for profitability but also to balance environmental sustainability with community welfare. We invite everyone to join us in promoting sustainability and social responsibility within the mining industry. Our commitment to ESG is a fundamental part of our long-term strategy, and we are determined to continue innovating for a brighter future. 💬 We want to hear your insights! How is your company implementing sustainable practices in your industry? Thank you to everyone who has supported us on this journey! Together, let’s create a positive impact on society and the environment. #PTValeIndonesia #GMPAward2024 #SustainableMining #ESG #Leadership #CommunityEngagement #SustainableDevelopmentGoals

We are excited to welcome Atlantic Carbon Group (ACG) to the Delta Dunia Group family. Delta Dunia Group has successfully completed the strategic acquisition of ACG through American Anthracite SPV I, LLC, a controlled entity under PT Bukit Makmur Internasional (BUMA International). This value-accretive acquisition, valued at USD 122.4 million, significantly enhances our geographic, financial, and commodity diversification. This deal marks a significant milestone for the Group, expanding our operations from a mining service provider to global mine ownership, perfectly aligning with our goal of embracing future-facing commodities and seizing key opportunities. The addition of ACG is projected to boost our revenue by USD 120-130 million annually from 2024 to 2028, increasing our non-thermal revenue share from 19% in FY2023 to 28% in FY2024. This acquisition enables ACG and PT Bukit Makmur Mandiri Utama’s operations in Indonesia and Australia (BUMA Australia), along with our adjacent businesses at PT Bukit Teknologi Digital and BIRU, to synergistically leverage their extensive experience, best practices, and innovative approaches in safety, mining operations, and management. See the full story here https://lnkd.in/gJRswduV #DOID #DeltaDuniaGroup #Anthracite #StrategicAcquisition #FutureFacingCommodities #Sustainability

Here is a summary of article by Dahlan Iskan, former Minister of State Own Enterprise title "Great Courage" #Freeport Smelter Fire: A Setback for Indonesia's Mining Industry The recent fire at the Freeport Indonesia smelter in Gresik, Indonesia, highlights the challenges and risks associated with large-scale industrial projects. Delayed Production: The incident has significantly impacted Freeport's production, with operations expected to remain halted until September 2025. Investment Implications: The Rp 56 trillion investment in the smelter is now at risk, raising concerns about the project's viability and the long-term impact on Indonesia's mining industry. Government Policies: The incident underscores the importance of robust project management, rigorous safety protocols, and effective government oversight in the mining sector, particularly in light of the government's ban on mineral ore exports. This event serves as a crucial reminder of the need for careful planning and execution in large-scale industrial projects to ensure their success and minimize potential disruptions. #Freeport #Indonesia #Mining #Industry #Smelter #ProjectManagement #Safety #Risk https://lnkd.in/gqycz3Ei

In the fast-paced mining sector, where operational efficiency can mean the difference between profit and downtime, staying ahead with robust supply chain planning is essential. Archi Indonesia, a leader in Southeast Asia’s gold production, is partnering with Slimstock to elevate its supply chain planning capabilities. Operating in the mining sector presents unique challenges for Archi Indonesia, particularly in maintaining heavy-weight machinery. The remote locations of its mining sites present logistical complexities. Patuan David Batubara, Supply Chain Department Head at Archi Indonesia, shares the importance of efficient supply chain management in guaranteeing the availability of essential equipment parts: “Our industry faces many challenges, from fluctuating gold prices and market demands to logistics difficulties in remote areas. Ensuring the timely availability of critical parts is paramount. We recognised the need for a solution that helps us to enhance our spare parts fulfilment process to avoid production disruptions.” To tackle these challenges, Archi Indonesia decided to implement Slimstock’s supply planning platform to optimise inventory management. Archi Indonesia’s commitment to innovation in supply chain management ensures their operations stay on course, even in the most challenging environments. Ready to achieve seamless efficiency in your own supply chain? Reach out to #DMS and discover the difference expert planning can make. #DMSLetsChat #SupplyChainExcellence #SupplyChainPartners #DMSSlimstock

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.

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