Aldira Sunrise 13 Desember 2024

• ADMR injects IDR 918B into its aluminum smelter project
Adaro Minerals Indonesia (ADMR) injected fresh capital of around IDR 918.08B into
Kalimantan Aluminum Industry (KAI), its business entity that is working on the aluminum
smelter project. The capital injection was carried out by ADMR through Adaro Indo
Aluminum (AIA), which is an ADMR business entity that directly owns 65% of KAI’s shares.
ADMR’s capital injection was part of the company’s efforts to absorb some of the new shares
issued by KAI on 25 Nov 24. For information, KAI issued 1,412,445 new shares with a total
nominal value of IDR 1.41T or the equivalent of USD 88.9M at the end of Nov 24. ADMR via AIA
absorbed 65% of the new shares issued by KAI. The portion involved around 918,089 shares
with a transaction value of around IDR 918.08B. Through this additional capital, AIA’s
ownership percentage in KAI becomes 2,637,335 shares (65%) with a nominal value of IDR
2.63T. The remaining shares are held in a minority by Aumay Mining of 22.5% (912,924 shares)
and Cita Mineral Investindo (CITA) of 12.5% (507,180 shares). Meanwhile, CITA reported that it
had disbursed capital of USD 11.11M, or the equivalent of IDR 176.55B to increase KAI’s capital.
Furthermore, the funds obtained from the issuance of new shares will be used by KAI to
develop its aluminum smelter and other supporting facilities located in the Kalimantan
Industrial Park Indonesia industrial area, Bulungan Regency, North Kalimantan. (Bisnis
Indonesia)
• BUMI targets coal production of 80 million tons in 2025
Bumi Resources (BUMI) targets the company’s coal production to reach 80 million tons by 2025. The company’s director, Maringan M. Ido Hotna Hutabarat, said there would not be
much change in terms of the company’s production. The RKAB of Arutmin and Kaltim Prima
Coal [KPC] have been approved for 2024-2026. Production for 2025 is 80 million tons, which
will be obtained from Arutmin amounting to 25 million tons, and from KPC amounting to 55
million tons. He also said that the projected coal price for 2025 will not be much different
from 2024. This price is around USD 135 – 140 per ton, with the price of mid CV coal around
USD 70 – 75 per ton. He said that this prediction took into account market conditions which
would not be much different from 2024. According to him, there was no significant difference
in coal supply or demand. However, what needs to be paid attention to next year is imports
to China. If there is a decline in imports from China, this will affect coal sales prices. Along
with the progressive coal royalty rates implemented by the government, the company
continues to be efficient in terms of operations. BUMI continues to strive to make stripping
ratio costs as low as possible, reduce fuel consumption per bank cubic meter (bcm), increase
efficiency by shortening overburden distances, and increase utility equipment. (Bisnis
Indonesia)
• DOID injects USD 3M to Asiamet Resources
Delta Dunia Makmur (DOID) increased its share ownership in Asiamet Resources Limited
(AIM), through a new private placement transaction with a value of around USD 3M. The
transaction made DOID the largest shareholder with 40.9% ownership. As is known, AIM has
mining contracts for copper and other associated minerals in Central Kalimantan, that is the
BKM Copper project and copper and gold mines in Beutong, Aceh. The additional capital
investment is DOID’s commitment to diversify its business towards metallic minerals with
high prospects, such as copper and gold. As previously reported, the BKM copper project in
Central Kalimantan has completed the Feasibility Study stage. Funds from this private
placement will encourage the progress of the BKM project through technical
implementation of the project, contractual work, and general working capital. On the other
hand, DOID was involved in the final acquisition process of additional shares in 29Metals
Limited. The plan is that DOID will acquire 29Metals shares with a portion of 19.9% with an
investment value of AUD 62M. Meanwhile, this corporate action was carried out by DOID
through its indirect subsidiary Bukit Makmur Mandiri Utama or BUMA Singapore. For
information, 29Metals operates two high-quality and long-lived assets, namely the Golden
Grove mine in Western Australia and the Capricorn copper mine in Queensland. These assets
give Delta Dunia Makmur Group access to reliable, high-grade copper production in a lowrisk
region, with significant growth potential. The company said the Golden Grove mine offers
additional exploration opportunities, while the Capricorn Copper mine is ready to restart
production and resource expansion. As of Dec 23, the company has proven and probable
reserves that support a mine life of more than 10 years. In 9M24, 29Metals produced 26,000
tonnes of copper and 60,000 tonnes of zinc. (Bisnis Indonesia)