Thiess’ Post

Baru Gold Corp. (TSX-V:BARU) and its subsidiary PT Tambang Mas Sangihe have welcomed Sri Darmawan as chief operating officer for the Sangihe gold project in Indonesia. With more than 30 years of experience in gold mining, Darmawan brings expertise in metallurgy and operations from leadership roles at prominent Indonesian mining companies such as PT JResources Nusantara and PT Newmont Minahasa Raya.  He will oversee the project’s daily operations, focusing on efficiency, safety, and sustainability, while optimizing resource management and advancing innovative solutions, Baru Gold said in a statement on Monday.  Darmawan is set to relocate to Sangihe Island to... http://ow.ly/PuFW105XZKn

We're honoured to partner with Agincourt Resources to deploy Hexagon OP Pro at the Martabe Gold Mine in North Sumatra, Indonesia, supporting their efforts towards a safer, more efficient mining operation. 🤝 💡 Learn more about how Hexagon OP Pro can help improve your mine's productivity while reducing costs → https://lnkd.in/gKqfzAvi #FutureofMining #MiningIndustry #FleetManagement #MiningTechnology

🚨 𝐁𝐫𝐞𝐚𝐤𝐢𝐧𝐠: 𝐌𝐚𝐣𝐨𝐫 𝐍𝐢𝐜𝐤𝐞𝐥 𝐃𝐞𝐚𝐥 𝐒𝐡𝐚𝐤𝐞𝐬 𝐔𝐩 𝐈𝐧𝐝𝐨𝐧𝐞𝐬𝐢𝐚𝐧 𝐌𝐢𝐧𝐢𝐧𝐠 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞! 🇮🇩💼 In a landmark move, PT Vale Indonesia Tbk (IDX: INCO) has signed an Ore Offtake Framework Agreement with its largest shareholder, state mining holding company Mining Industry Indonesia (MIND ID). Starting in 2026, this agreement grants MIND ID the annual right to offtake certain saprolite and/or limonite ore produced by PT Vale, based on the terms and conditions of the agreement. This strategic partnership aims to streamline the ore supply chain, ensuring efficiency and reliability for both parties. 🔗Dive into the full article to uncover more details about this game-changing deal on: https://lnkd.in/gz2i7ACM 💬 What do you think about this strategic agreement between PT Vale and MIND ID? Share your thoughts in the comments and don't forget to like and support #Petromindo! 🔔 Stay ahead with Petromindo! Subscribe now for exclusive updates on the energy and mining sectors. Get the latest news, insights, and reports delivered straight to your inbox. #IndonesianNickel #MiningIndustry #PTVale #MINDID #OreOfftake #PetromindoExclusive #AsianMiningNews #MiningUpdate

PEFINDO affirms idA+ rating for PT Bukit Makmur Mandiri Utama (BOLD) and Bonds I and II issued. The outlook on the Company's rating is stable. "The rating period is valid from 27 December 27 – 01 December 2025," said PEFINDO in a release on Thursday (02/01/2025). It was further stated that the rating reflects BOLD's strong business position, strong operating performance, and strong financial flexibility. Read more >> https://lnkd.in/g3RqqBwf Join 4500+ Mining professionals as individual members, you will receive a member rate to attend networking events, Industry event promo and weekly updates on mining industry-related content via our newsletter! Apply to become a member >>> https://lnkd.in/gdndprB7 #djakartaminingclub #PefindoRating #BukitMakmurMandiriUtama #IDARating #StableOutlook #MiningIndustry #IndonesiaMining #FinancialStrength #NaturalResources #EconomicGrowth #MiningUpdates

Indonesian miner PT Vale Indonesia Tbk said it had awarded Petrosea a $1 billion contract to mine for nickel ore in the Central Sulawesi region of Bahodopi, according to a company disclosure form. The contract will be signed in March and is effective for 10 years, Vale said on Wednesday. #miningnews #miningandmetals #indonesianmining #vale #nickel #nickelmining #csgtalent https://lnkd.in/ewwQBjMw

Freeport Indonesia (PTFI) started the first shipment of copper concentrate from Amamapare Port, Mimika Regency, Central Papua Province to PTFI smelter at the Special Economic Zone (KEK), Java Integrated Industrial and Port Estate (JIIPE), Gresik, East Java Province, which started operational in June 2024. "PTFI's smelter in Gresik is ready to operate, so we are starting the first shipment of copper concentrate. "This is an important moment for PTFI and Indonesia," said PTFI President Director, Tony Wenas in an official statement on Friday (14/6). Read more >>> https://lnkd.in/gYuKAm82 Join 4000+ Mining professionals as individual members, you will receive a member rate to attend networking events, Industry event promo and weekly updates on mining industry-related content via our newsletter! Apply to become a member >>> https://lnkd.in/gdndprB7 #djakartaminingclub #Freeport #copperconcentrate #ManyarSmelter #Gresik #miningindustry #supplychain #industrynews #businessupdate #economicdevelopment #marketanalysis

Freeport Indonesia's smelter in Gresik, East Java, is targeted to be fully operational by the end of this year. Freeport's second copper refinery, after PT Smelting Gresik, has the potential to gain foreign exchange amid the high value of the US dollar while strengthening the resilience of the national economy. After completing the construction of the plant, the PT Freeport Indonesia (PTFI) smelter entered the commissioning stage on Thursday (27/6/2024). Investment for this project reached 3.6 billion US dollars or around IDR 58 trillion. Read more >>> https://lnkd.in/g6rin8cY Join 4000+ Mining professionals as individual members, you will receive a member rate to attend networking events, Industry event promo and weekly updates on mining industry-related content via our newsletter! Apply to become a member >>> https://lnkd.in/gdndprB7 #djakartaminingclub #FreeportIndonesia #GresikSmelter #miningindustry #smelter #IndonesiaMining #businessnews #industryupdates #economicdevelopment #metalsprocessing #marketanalysis

Vale Indonesia signs $1 billion deal with Petrosea Brazil's #ironore giant Vale Indonesia is set to sign a giant $1 billion contract with Petrosea Tbk to mine nickel ore in the Bahodopi region of Central Sulawesi. While the contract is planned to be signed in March, it was announced that the cooperation will be valid for 10 years. PT Vale Indonesia Tbk will benefit from Petrosea's extensive mining services in this project. “We can clarify that the mentioned project is indeed one of the potential projects that is in the process of contract finalization,” PTRO's Corporate Secretary Anto Broto told the Indonesia Stock Exchange. Bahodopi is known as one of Indonesia's richest regions in terms of nickel reserves. With this project, Vale Indonesia is taking an important step to respond to global nickel demand and contribute to the Indonesian economy. Petrosea's expertise in the sector will play a key role in this long-term project. This 1 billion dollar deal is considered as an important step towards increasing #Indonesia's competitiveness in the mining sector while reinforcing Vale and Petrosea's cooperation. https://lnkd.in/dumuvAtF

Exciting news! 🎉 BUMA, our principal subsidiary, has secured an 11-year contract extension with PT Indonesia Pratama (IPR) for coal mining services. This landmark deal, valued at approximately IDR 107.8 trillion (USD 7.8 billion), reinforces our commitment to Indonesia's dynamic energy sector. 💪 Here's what you need to know: - Massive scale: The contract involves the removal of 1.827 billion bcm of overburden and the production of 465 million tons of coal. - Long-term partnership: This extension solidifies our 17 years and counting of collaboration with the Bayan Group and underscores our expertise in delivering efficient and reliable mining solutions. - Continued growth: This significant contract strengthens our position as a leading mining contractor in Indonesia and contributes to our ongoing success story. #BUMA #DOID #Indonesia #Coal #Mining #ContractExtension #Growth #Partnership

PT Indonesia Asahan Aluminium (Inalum) is targeting to control 48% of the domestic aluminum market in 2025. "Inalum is estimated to control 48% of the domestic market from the total primary aluminum needs, which is 472 thousand tons," said Inalum Corporate Secretary, Mahyaruddin Ende when contacted by Kontan, Tuesday (12/31). Read more >> https://lnkd.in/gApBQi6H Join 4500+ Mining professionals as individual members, you will receive a member rate to attend networking events, Industry event promo and weekly updates on mining industry-related content via our newsletter! Apply to become a member >>> https://lnkd.in/gdndprB7 #djakartaminingclub #Inalum #AluminumMarket #MarketDominance #IndonesiaMining #AluminumIndustry #SustainableDevelopment #EconomicGrowth #NaturalResources #MiningUpdates #StrategicGoals