The Demands of the Times, ITMG Diversifies into the Nickel Mining Sector
Yulis continued, ITMG’s entry into the nickel mining sector was an effort to transition the non-coal business due to the demands of the times.
Yulis continued, ITMG’s entry into the nickel mining sector was an effort to transition the non-coal business due to the demands of the times.
Jakarta, TAMBANG – The government extended the cooperation program Towards Indonesia’s Low Carbon Energy Transition (MENTARI) with the British Government until 2027.
Jakarta, TAMBANG – Subholding of PT PLN Energi Primer Indonesia (EPI), PT Pelayaran Bahtera Adhiguna (BAg) inaugurated an additional Supramax-type ship fleet, namely MV Latifah Baruna.
The SatNetCom team just recently completed the installation of their MineTrack fleet management system for PT. Indo Muro Kencana (IMK) at their Kalimantan Tengah mine site.
PT Merdeka Battery Materials Tbk (MBMA) continues exploration activities with a focus on nickel resources in Sulawesi Cahaya Mineral (SCM).
The price of coal continues to decline. In the Newcastle ICE Market, for example, the black gold closed at USD 141.80 per tonne on Friday (7/7) or down 5.28 percent in the week for the August contract.
PT Atlas Resources Tbk (ARII) targets the export value to the Asian market throughout 2023 to reach 3.28 million tons, while coal sales to the domestic market reach 1.09 million tons.
Soon, Indonesia may have its own nickel price index. Currently, the Indonesian Nickel Miners Association (APNI) and the government, in this case the Coordinating Ministry for Maritime Affairs and Investment (Kemenkomarves).
PT Tambang Raya Usaha Tama (TRUST), a subsidiary of PT Indo Tambangraya Megah Tbk (ITMG) recently completed the installation of SNCTechnologies’ MineTrack fleet management system.
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