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2023

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The Technical Implementation Unit of the Integrated One-Stop Administration System (Samsat) in South Halmahera Regency, North Maluku, has expressed appreciation to Harita Nickel for their compliance in paying motor vehicle taxes and surface water taxes.
“If I can issue an award certificate, I will definitely give it to HARITA Nickel as a form of appreciation for the company's cooperative efforts. The company has been diligent in paying vehicle taxes and surface water taxes,” said Head of UPTD Samsat Halsel, Fikri Abusama, during the data collection of Motor Vehicle Tax (PKB) and Surface Water Tax (PAP) objects at the Obi Island Site, Thursday, July 20, 2023.
HARITA Nickel as an integrated nickel mining and downstream company makes tax payments through PT Trimegah Bangun Persada Tbk (TBP), PT Megah Surya Pertiwi (MSP), PT Halmahera Persada Lygend (HPL), PT Halmahera Jaya Feronikel (HJF), and all its contractors.
Fikri said HARITA Nickel is one of the largest contributors to South Halmahera's Regional Original Revenue (PAD) for both PKB and PAP. From PAP until May 2023 alone, Harita Nickel has deposited at least Rp 30 billion into the Regional General Cash Account (RKUD) of the North Maluku Provincial Government. No wonder South Halmahera Regency is one of the largest PAP contributors in North Maluku.
For additional information, the target of South Halmahera PAD through UPTD Samsat this year was Rp 49 billion rupiah from PKB, PAP and motor vehicle title transfer fees (BBNKB). Currently, Samsat Halsel has managed to collect about Rp 40 billion.
UPTD Samsat Halsel hopes that other companies and agencies will follow the tax compliance steps taken by HARITA Nickel. Considering that the funds from taxes contribute to regional income, which will redistributed to the community through sustainable development.
“We hope that Harita Nickel will continue to be a cooperative company in providing vehicle data within the company, as well as surface water data. With that, the cooperation between the company and Samsat Halsel can be maintained and run smoothly,” said Fikri.
Head of Corporate Communications at Harita Nickel, Haviez Gautama, stated his gratitude for the appreciation. "UPTD Samsat Halsel appreciates Harita Nickel's commitment to supporting development in Bumi Saruma, including timely tax payments."
Head of Corporate Communications at HARITA Nickel, Haviez Gautama, express his gratitude for the appreciation. “UPTD Samsat Halsel appreciates HARITA Nickel’s commitment to supporting development in Bumi Saruma, including timely tax payments.”
Haviez also emphasized that the company's compliance with tax regulations is one of the core principles firmly held by HARITA Nickel and all of its business units operating on Obi Island. HARITA Nickel has proven that corporate social responsibility is not merely rhetoric but also an integral part of the company's operational sustainability.
Harita Nickel recognizes that tax compliance can be achieved through support and good cooperation between the company and the authorities. The active role of UPTD Samsat Halsel in providing guidance and assistance related to tax obligations has had a positive impact in promoting the company's awareness of the importance of timely tax payments.
Source:&nbsp;<a href="https://nasional.tempo.co/read/1751969/taat-bayar-pajak-harita-nickel-dapat-apresiasi">Tempo</a>

Obedient to pay taxes: Harita Nickel gets recognition from Samsat Halsel

Head of South Halmahera Transmigration and Labor Agency, Adriani Radjiloen, stated that the absorption of local workers in Harita Group through several subsidiaries operating on Obi Island has reached over 4,000. 
“The total overall as of June 30, 2023, is 15,309 workers. Among them, there are over 4,000 local workers from South Halmahera, over 7,000 local workers from North Maluku, and over 2,000 foreign workers (TKA),” she said on Friday (July 14, 2023).

“But the total overall at Sahid Kawasi is over 18,000 people. So, there are not many foreign workers (TKA); local workers are more numerous,” she continued.

According to Adriani, the South Halmahera Regency government will continue to strive for the recruitment of local residents as the workforce. In fact, there is already a draft regional regulation (Ranperda) regarding the empowerment and protection of local workers submitted to the Regional People's Representative Council (DPRD) for discussion.

“Because the Regent (Usman Sidik) wants the local workforce to constitute 70 percent of each intake in mining companies,” she explained.

However, Adriani admitted that the human resources in South Halmahera, especially in the mining industry, are still relatively low.

Therefore, she hopes that the plan to establish a Vocational Training Center (Balai Latihan Kerja or BLK) in South Halmahera from the Ministry of Manpower can be realized.

“The land is already prepared, but we are also collaborating with BLK Ternate. This is for the improvement of their work skills,” she said.

Adriani also admitted that the presence of Harita Group on Obi Island has been very beneficial for the local community and the regional government.

“In terms of revenue, it has helped the regional government because we can collect fees from foreign workers (TKA). Last year, we received 10 billion rupiahs, and this year we are targeted to reach 25 billion rupiahs, and we have already achieved more than 13 billion rupiahs,” she emphasized. 
*Source: <a href="https://ternate.tribunnews.com/2023/07/14/serapan-tenaga-lokal-asal-halmahera-selatan-di-harita-group-capai-4-ribu-lebih">Tribun Ternate</a>

Local Workers Absorption from South Halmahera in Harita Group Reaches More than 4 Thousand

JAKARTA, Investor.id - Three companies under PT Trimegah Bangun Persada Tbk (NCKL) or Harita Nickel entity have successfully obtained the Gold Certificate, which the highest Occupational Health and Safety (K3) award, from the Ministry of Manpower Republic Indonesia (Kemnaker) with a satisfactory rating. Those three company are PT Megah Surya Pertiwi (MSP), PT Halmahera Persada Lygend (HPL), and PT Halmahera Jaya Feronikel (HJF).
The K3 award is given to companies that have successfully implemented the Occupational Health and Safety Management System (SMK3). This award is also a recognition from the Ministry of Manpower of the Republic of Indonesia (Kemnaker) for for the company's dedication and hard work to provide a safe and healthy working environment for its employees.
In her speech, the Ministry of Manpower, Ida Fauziyah, stated that Occupational Safety, and Health (OSH) must become a concern and priority for the workforce in Indonesia. She also added that the number of companies maintaining zero accidents each year has been increasing.
"We hope that the achievement of this K3 award can motivate other company leaders to maintain K3 performance, as K3 is an investment to ensure business sustainability and achieve company productivity," said Ida Fauziyah.
<img alt="Penghargaan k3 tonny gultom" src="https://api.tbpnickel.com/storage/images/old/images/penghargaan k3_Tonny Gultom.jpg" title="Penghargaan k3 tonny gultom">
<figcaption>HSE Director of Harita Nickel Tonny H Gultom receiving K3 Awards from the Indonesian Ministry of Manpower for three NCKL subsidiaries. </figcaption>

 
MSP, HPL, and HJF are the first nickel processing plants in North Maluku that obtain SMK3 Certification. The results of the Independent Audit Institution's audit show an achievement of 85.93% (MSP), 87.5% (HPL), and the highest score of 89.6% for HJF. This excellent K3 performance demonstrates the high commitment of these companies to implementing SMK3 in the workplace. This achievement is possible due to the involvement of all workers in K3 activities, compliance with regulations and K3 requirements, and adherence to applicable procedures and standards within the companies.
Regarding this achievement, Tonny H. Gultom, Director of Health, Safety, and Environment (HSE) at NCKL, expressed, "We would like to thank the Ministry of Manpower Republic Indonesia (Kemnaker) for this award, as well as all parties who have provided support and made important contributions to our journey. This is a recognition of the dedication, commitment, and hard work of the Harita team in achieving high occupational health and safety standards, as it is our top priority. Therefore, we constantly strive to create a safe, healthy, and sustainable working environment."
*Source: <a href="https://investor.id/business/333345/tiga-perusahaan-entitas-nkcl-raih-k3-awards">Investor.id</a>

3 NCKL Entity Companies Obtained K3 Awards from Ministry of Manpower 

TEMPO.CO, JAKARTA - PT Trimegah Bangun Persada Tbk (stock code: NCKL) is considering the possibility of exporting nickel sulfate to Korea and Japan. The company, also known as Harita Nickel, has already exported this commodity to China.
The President Director of Trimegah Bangun Persada, Roy A Arfandy, stated that the world's largest electric vehicle battery manufacturers are located in China. Therefore, the majority of Harita Nickel's products are exported to China.
"But we are open up the possibility of exporting to other countries, such as electric vehicle battery manufacturers in Korea or Japan. We will certainly seize the opportunity to sell or export to those markets," said Roy during a press conference in Jakarta on Wednesday, June 28, 2023.
The company has not yet considered the domestic market for nickel sulfate. This is because there are no cathode and precursor plant in Indonesia.
"Unfortunately our nickel sulfate, since there are no domestic buyers, we have to export it," he explained.
Previously, Harita Nickel, through its affiliated entity, PT Halmahera Persada Lygend (PT HPL), officially conducted its inaugural export of 5,584 tons of nickel sulfate to China on Friday, June 18, 2023.
The nickel sulfate was packaged in 290 containers and shipped to China via a vessel. Roy targets a total shipment of 240,000 tons of nickel sulfate per year, in line with the factory's production capacity.
"In the future, the company will strive to send approximately four vessels to meet the demand for nickel sulfate production," said Roy, as quoted by Antara, on Saturday, June 18, 2023.
He explained that the export marked a new milestone for Harita Nickel in the nickel downstream business.
The nickel sulfate is a result of refining in Obi Island, South Halmahera, North Maluku Province, and will be used in the production of lithium batteries with high nickel content.
In the future, the use of lithium batteries is predicted to continue increasing, particularly in the electric vehicle industry.
*Source: <a href="https://bisnis.tempo.co/read/1742745/harita-nickel-jajaki-opsi-ekspor-nikel-sulfat-ke-korea-dan-jepang">Tempo.co</a>

Harita Nickel Explores Nickel Sulfate Export Options to Korea and Japan

JAKARTA &mdash; Nickel producer PT Trimegah Bangun Persada Tbk (NCKL) plans to expand and build a stainless steel or non-corrosive steel plant. This was directly revealed by NCKL's CEO, Roy Arman Arfandy.
Roy mentioned that the investment value of the plant amounts more than US$1 billion or Rp 15 trillion (exchange rate of Rp 15,000). Negotiations with investors are expected to be completed by end of this year, and the plant can be constructed next year.
"I hope that by end of this year, we can finalize negotiations with this new investor, so that we can start construction possibly next year. Around early next year," he said when met in Jakarta on Wednesday (28/6/2023).
NCKL will develop downstream processing from saprolite to ferronickel, and then to stainless steel. He mentioned that they are currently in discussions with investors and major players in this industry.
"I hope and please pray that our discussions with one of the major players in the stainless steel industry in the world will be successfully concluded, and we hope to announce it before end of this year," he revealed.
The planned production capacity is estimated to reach 2-3 million tons per year. Roy revealed that the potential investor is not from China.
On that occasion, Roy also mentioned that they are considering the option of exporting nickel sulfate outside of China. However, currently, China remains the largest battery manufacturer in the world.
"Regarding the export of nickel sulfate, it is true that most of the world's largest battery manufacturers are indeed located in China. So, for now, we are compelled to export the majority of our products to China. However, we are open to the possibility of exporting to other countries as long as electric vehicle battery manufacturers operate there, such as Korea or Japan," he added.
*Source: <a href="https://finance.detik.com/industri/d-6797056/tambang-nikel-raksasa-ri-mau-bangun-pabrik-stainless-steel-rp-15-t">Detik.com</a>

Indonesian Giant Nickel Mine NCKL to Build Rp15 T Stainless Steel Plant

Over the past two decades, there has been an increase in the awareness of business actors regarding the importance of carrying out practices and operational activities that support environmental sustainability and have positive impacts on the social and economic activities of the community. Business activities are no longer solely oriented towards maximizing economic profits, but also take into account social and environmental aspects.
This increased awareness is in line with the 2030 Agenda for Sustainable Development (SDGs), a new development agreement that promotes a shift towards sustainable development. SDG practices should also be based on human rights and equality to promote social, economic, and environmental development.
The SDGs are implemented with universal, integrated, and inclusive principles to ensure that no one is left behind. Consisting of 17 goals, the SDGs build upon the efforts and achievements of the Millennium Development Goals (MDGs), which ended in 2015.
One of the companies driving these changes is Harita Nickel, an entity of the Harita Group, which has opened integrated mining and downstream operations on Obi Island, South Halmahera Regency, North Maluku Province.Through economic development, Lim Hariyanto Wijaya's company is committed to achieving three goals: SDG No. 2 zero hunger, SDG No. 5 gender equality, and SDG No. 8 decent work and economic growth. To achieve these goals, the Department Head of Community Affairs and Land Management, Latif Supriyadi, stated that Harita provides continuous guidance in agriculture, fisheries, and women's SME groups.
In detail, Harita provides continuous guidance to 15 farmer groups, 285 input providers, training, and market access in the field of agriculture.
"We carry out a number of community development and empowerment programs (PPM) that have a multifaceted impact on the economic life of the community on Obi Island and its surroundings. This creates a sustainable supply chain," said Latif. The Obi Food Security Center (Sentani) has produced 5.3 tons of rice per hectare from a total of 12 hectares of cultivated land. Additionally, the Akelamo Jaya Group produces horticulture through the cultivation of long beans, chili, and tomatoes.
Moreover, Obi Sehati serves as a center for horticulture and climate-resilient agribusiness with a focus on watermelon and melon cultivation.Harita also implements the Progressive Livestock Farming Model (Impresif), which cultivates ducks, tomatoes, and chili peppers.&nbsp;The company&nbsp;also established Rumah Usaha Tangguh Ekonomi (Tough Economic Business House), which focuses on tofu and tempe cultivation and production, as well as the Salam Kawasi Integrated Agricultural Development Center.
In the fisheries sector, Harita encourages the formation and guidance of the Media Initiation and Activation of Freshwater Fish Entrepreneurship group or Mina Kita, as well as fishery development and processing. In the women's SME sector, the company supports the establishment of HOP Mart and Nyala Cafe, which involve 31 members of the Obi Snack Group and generate a daily turnover of IDR 15 million from 15 members.
"Through these economic development activities, we have opened up 574 job opportunities, involving 63 local suppliers, and generating transactions of IDR 8 billion per month," said Latif Supriyadi, the Department Head of Community Affairs and Land Management at Harita.
Furthermore, it should be noted that Harita holds a Mining Business License (IUP) and has had a saprolite nickel smelter since 2016. In 2021, they also established a limonite nickel processing and refining facility in the same operational area.Both facilities were established to support the Indonesian government's downstreaming mandate by utilizing nickel mining products from PT Trimegah Bangun Persada (TBP) and PT Gane Permai Sentosa (GPS). Harita Nickel, through its subsidiary Halmahera Persada Lygend (HPAL), has become the first company in Indonesia to process and refine limonite nickel (low-grade) using high-pressure acid leaching technology. This innovative process is capable of producing mixed hydroxide precipitate (MHP), a valuable strategic product made from previously unused limonite nickel.
Harita Nickel is currently developing the next stage of the process, which involves further refining MHP into Nickel Sulfate (NiSO4) and Cobalt Sulfate (CoSO4), both of which are key raw materials for electric vehicle batteries. To finance this development, Harita's subsidiary PT TPB will carry out an initial public offering (IPO) worth IDR 9.7 trillion.
After the IPO, PT TBP will release up to 12.1 billion shares, equivalent to a maximum of 18% of the issued and paid-up capital, to the public at a nominal value of IDR 1,250 per share. The initial offering or book building of shares will take place from March 15-24, 2023, with the shares listed on the Indonesia Stock Exchange (IDX) expected to be available for trading by April 12, 2023. The IPO funds will be used to support the completion of project construction, increase production capacity, partially repay loans, and provide additional working capital for the company.Source:&nbsp;<a href="https://lestari.kompas.com/read/2023/04/09/070000186/program-ppm-harita-nickel-hasilkan-transaksi-rp-8-miliar-per-bulan?page=all#page4">Kompas</a>

Harita Nickel's PPM Program Generates Monthly Revenue of IDR 8 Billion

A number of activists in North Maluku are refuting Jaringan Advokasi Tambang (JATAM)'s accusations regarding the negative impact caused by the nickel giant Harita Group on Obi Island.
Various NGOs and student organizations are supporting the activists in their efforts. These include PB-FORMMALUT JABODETABEK, Forum Mahasiswa Lingkar Tambang Maluku Utara, LIRA Maluku Utara, DPD Ikatan Mahasiswa Muhammadiyah Malut, Himpunan Mahasiswa OBI (HIMO) Jabodetabek, Himpunan Mahasiswa Islam (HMI) Branch Bacan, Serikat Kerakyatan Indonesia (LSM SAKTI), Gerakan Mahasiswa Nasional Indonesia (GMNI), and Gerakan Pemuda Marhaenisme (GPM).

Together, they are all in unison in refuting JATAM's accusations against Harita Group. Some of the activists and organizations even suspect that JATAM has certain interests at stake.

Providing more context and background information could include explaining what specific negative impact JATAM is accusing Harita Group of causing on Obi Island, and why these activists and organizations are speaking out against JATAM's accusations.

JATAM's accusations against the nickel downstream company began with a Zoom discussion on March 24th, where the topic was "Environmental and Human Rights Abuses Behind Harita Group's Business Octopus". During the discussion, JATAM raised concerns about the negative impact that Harita Group's business practices have had on the environment and local communities. These concerns led to accusations against the company, which were later refuted by a group of activists and various NGOs in North Maluku.

Next, on March 30, 2023, JATAM officially wrote to the Financial Services Authority (OJK) and the Indonesia Stock Exchange (BEI) requesting their intervention in the midst of the company's plan to conduct an initial public offering (IPO) of PT Trimega Bagun Persada (TBP). 
JATAM believes that the five subsidiaries of Harita Group operating on Obi Island have caused extensive environmental damage and suffering to the residents of Kawasi, Obi Island, South Hamahera, North Maluku.
Therefore, JATAM urges that if the IPO plan of PT Trimega Bagun Persada is to proceed, the company must issue a written statement openly, in order to be held accountable for their environmental crimes and to ensure that the ecological infrastructure of Obi Island is not damaged.
In a statement released to Cakrawala.co, Anie Rahmi, the Corporate Affairs Manager of Harita Nickel, firmly stated that what was conveyed by Jaringan Advokasi Tambang was highly misleading and had created a negative opinion towards their company.
"It is not true that all the accusations made against us, such as land grabbing, environmental pollution, repressive actions, and intimidation towards the community. Our activities have permits and technical approvals from the government and even reported regularly, it is impossible for us to do that," said Anie.
The Chairman of the Bacan Branch of the Islamic Student Association (HMI), Tahirun Mubin, considered JATAM's accusations against Harita as a one-sided judgment process. Some of the allegations, such as mining waste disposal into the sea resulting in water pollution, do not reflect the reality on the ground. "So far, we see that the Harita Group is still working according to the standards provided by the government. Regarding the allegation of mining waste disposal into the sea, it is a misconception. Until now, the fish supply for the company's needs is sourced from local fishermen. That means fish in Obi Island waters are still abundant,"&nbsp;Tahirun said.&nbsp;
The Chairman of PB-FORMMALUT JABODETABEK, M Reza A. Syadik, considered the environmental pollution and damage issues raised by JATAM as only baseless claims and always become a highlighted issue.
As a native of South Halmahera resident, Reza said that he always focuses on monitoring the issues related to the problematic mining sector that affects the community on Obi Island. Therefore, the allegations made by JATAM regarding what is alleged to be happening on Obi Island raise many questions.

"The question is whether JATAM has conducted direct advocacy by going to Obi Island and whether they are aware of the economic empowerment program for the people of Obi Island initiated by Harita," he said.
Meanwhile, the Advocacy Head of the North Maluku Student Mining Circle Forum in Jakarta, Halid Hamjah, stated that since 2010, the Harita Group has contributed to the development of the South Halmahera Regency and to the national economy.
So far, Harita has been consistent in handling and preventing environmental damage on Obi Island, which resulted in Harita receiving the PRATAMA award for its achievements in preserving the environment in mineral and coal mining operations for mineral and coal commodity business entities holding IUP (Mining Business License) from the Ministry of Energy and Mineral Resources of Indonesia in 2021.
"The second award is the Blue PROPER (Environmental Performance Rating Program) from the Minister of Environment and Forestry of Indonesia in Ministerial Decree Number SK1299/MENLHK/SETJEN/KUM.1/12/2022 regarding the results of the company's environmental management performance rankings for 2021-2022," Halid said.
Agreeing with Halid, Said A Alkatiri, the supervisor of LIRA North Maluku NGO, acknowledged that since Harita has operated on Obi Island, it has helped the people of South Halmahera, particularly those in the mining area, and even contributed to national and regional development in North Maluku.

"There have been many benefits felt by the local community, especially in terms of community economic empowerment around the mine. As for environmental issues, they have not been proven because the fishermen around the mine earn income from selling their catches to Harita," said Said. Also read: Harita and Unkhair Plant 39,000 Mangroves in South Halmahera.

He urged those who frequently comment without basis and without proven research results not to develop opinions that have negative impacts on the people of Obi Island.

The North Maluku Muhammadiyah Student Association and the OBI Student Association (HIMO) in Jabodetabek believe that JATAM's accusations must be accountable to the public.

The Chairman of the North Maluku Muhammadiyah Student Association, Usman Mansur, said that JATAM's statement has made the people of Obi disappointed because the accusation that the company dumps waste into the sea, causing contaminated fish, is not true.

"It's just an issue, and we've found many NGOs based in Jakarta that comment without appropriate data," he said.

Furthermore, the Chairman of the OBI Student Association (HIMO) in Jabodetabek, Wahyu Kahusa, admitted that JATAM always creates a fuss about environmental pollution issues, one of which is related to contaminated fish in Obi's waters due to chemicals and hazardous substances.

"If there is waste in the sea, then why does Harita organize fishing competitions that are participated in by many people?" he concluded.

In addition, the Indonesian National Student Movement (GMNI) Halsel Malut branch believes that there are significant interests behind the pros and cons of Harita Group's performance and policies, which are considered to harm the community and cause environmental damage on Obi Island.

The Chairman of the GMNI Halmahera Selatan branch, Sumitro H. Komdan, emphasized that so far, the GMNI Halsel branch has monitored Harita Group's activities, including labor absorption, CSR, reforestation, and other needs of the mining community, and that Harita has fulfilled its rights and obligations.

"So far, GMNI Halsel sees that Harita Group has fulfilled its rights and obligations, which may differ somewhat from other companies in the North Maluku region," he said.

Regarding the issue related to the Initial Public Offering (IPO) process of one of Harita Nickel's business entities, Sumitro believes that there may be certain interests involved.

"If we criticize the issue of environmental damage, it is still reasonable, but if it involves the privatization of the company, it is somewhat inaccurate," said Sumitro.

The Chairman of the North Maluku region's Indonesian People's Union (LSM SAKTI), Salmin A. Gafar, stated that the presence of Harita Group has provided many benefits to the mining community.

"Based on the results of the fishermen, they catch many fish that are purchased by the company," said Salmin. Furthermore, Salmin added that the company's operations comply with regulations and meet ESG standards.

Salmin considered JATAM's claims to be mere hallucinations and attempts to create public opinion. "It is not appropriate to deliver news in the form of propaganda. Instead, it should be addressed more professionally, especially when dealing with issues related to Harita," he said.

Meanwhile, Harmain Rusli, the Chairman of the South Halmahera Marhaenism Youth Movement (GPM), stated in a press release that Harita Group's nickel mining operations in Obi have made significant contributions to the region. He also emphasized that Harita has provided various forms of direct assistance to the people in South Halmahera.

"If there are parties who draw negative conclusions about Harita Group, I suspect that those are just baseless opinions intentionally created and designed by certain individuals," said Harmain Rusli.
Source: <a href="https://www.cakrawala.co/daerah/7758338336/aktivis-maluku-utara-ramai-ramai-tepis-tuduhan-jatam-soal-harita-nickel">Cakrawala.co</a>

Maluku NGOs to College Student Activists Deny JATAM's Charges Against Harita Nickel

Harita Nickel strongly denied JATAM's allegations regarding environmental damage as a result of its mining operations on Obi Island, South Halmahera, North Maluku.
Harita Nickel considers JATAM's statement in a press release distributed on Friday (3/24) to be seriously misleading and has resulted in an unfavorable opinion of Harita Nickel's development efforts on Obi Island.
Corporate Affairs Manager of Harita Nickel, Anie Rahmi emphasized that PT TBP's mining operational system, which is a business unit of Harita Nickel, always prioritizes the best mining practices by referring to KEPMEN ESDM No. 1827/2018 concerning Guidelines for the Implementation of Good Mining Engineering Rules, which starts from land clearing, stripping top soil, removing overburden, taking limonite ore to be processed at the HPAL factory with hydrometallurgical technology, taking saprolite ore to be processed with pyrometallurgical technology, closing mine pits, reclamation and revegetation.
"We are the first company to carry out mineral conservation, which means reducing rock waste to be utilized as mineral resources for electric car battery raw materials," Anie said.
Regarding the issue of annexation of residents' land alleged, it can be conveyed that the entire Harita Nickel area on Obi Island that has been operating is currently located in the Forest Area, both Production Forest (HP) and Conversion Production Forest (HPK) and Harita holds a Land Use Forest Permit (PPKH) for each land clearing.
People who have cultivated, are given compensation for the land as well as compensation for growing plants (GRTT) in accordance with Decree of the South Halmahera Regency Government.
"And it is not true what is alleged that the company occupies land through repressive actions as well as intimidation to residents, but through a transparent process and favorable payments for the community," Anie explained.
The statement that almost all water sources of Kawasi residents have been polluted due to nickel ore sedimentation from company operations is misleading.
Anie emphasized that there was no discharge of nickel ore into the water sources of Kawasi residents which caused sedimentation.
So far, PT TBP has placed the remaining nickel processing products into the former mining pit (Dry Stack). The Dry Stack is considered a safe and environmentally friendly method that meets national and international standards.
"There is no discharge of factory waste into the Todoku River and Akelemo River. The company has always been compliant in environmental management and monitoring," Anie emphasized.
The remaining processing products are not placed in the Toduku River or Akelamo River, but in the former mine out in dry tailings in compliance with the Technical Approval and Operational Feasibility Letter (SLO) from the Ministry of Environment and Forestry (KLHK).
Commencing its operations in 2010, the company has obtained environmental permits and environmental management permits from the government.
Later on November 17, 2020 the government designated Harita Nickel as a national strategic project.
"We also have obtained permits as well as technical approvals from the government for processing residue or waste management, where the residue of this process is initially managed, and released to the environment in compliance with established quality standards, and periodically reported to the government," Anie said.
During its operations, the company's waste management has always received regular inspections and supervision from the national, provincial and district governments.
The relevant government agencies for the environment and mining also conduct inspections and supervision from the national, provincial and district levels on our environmental monitoring and management implementation activities. The statement that waste disposal pipes from the company's exploration activities allegedly lead to the sea, causing ecosystems and vulnerable fish to be contaminated with heavy metals. "This is also totally misleading. There are no exploration pipes to the sea," Anie said.
Regarding the results of Muhammad Aris's research that was used as a reference, it cannot be concluded that the fish on Obi Island are polluted, as the research did not mention where the sample points were located and what the contamination was due to.
So far, most of fish supplies for consumption of Harita Nickel employees on Obi Island are obtained from local suppliers from Kawasi Village and Soligi Village.
Harita Nickel recently held a fishing competition in Kawasi and the results of some participants who are residents of Kawasi and Soligi Village even managed to hook a fish weighing more than 20 kilograms.
This indicates that fish around Kawasi are still abundant which means that the marine ecosystem, especially around the mining area, is still preserved. &nbsp;
Meanwhile, regarding the relocation issue of Kawasi Village residents to the Eco-Vollage, this is a government program supported by the company. This is because the current location is too crowded and results in an unhealthy environment. The relocation to the new location, with three times of the existing settlement area, all permanent housing units are equipped with excellent sanitation, well-organized school area, complete social facilities, equipped with clean water facilities, 24-hour electricity, and other supporting public facilities. The new village will improve the livability of the community. 
"The Eco-Village program is currently in the process of completion and is supported by most of the Kawasi villagers," she said.
*source: <a href="https://ternate.tribunnews.com/2023/03/26/harita-nickel-bantah-tuduhan-jatam-terkait-kerusakan-lingkungan-di-pulau-obi">Tribunnews.com</a>

Harita Nickel Disputes JATAM's Allegations Regarding Environmental Degradation on Obi Island

Bloomberg - The company, also known as Harita Nickel, is leaning toward pricing the shares at 1,250 rupiah apiece, said the people, who asked not to be identified as the information is private. Such consideration comes as the order book is well over-subscribed, one of the people said. The talks are still ongoing and no decision has been made, the sources said. Harita Nickel representatives also refused to comment.
Harita Nickel has marketed as many as 8.1 billion shares at IDR 1,220 to IDR 1,250 each. If the IPO price is above the range, the company will raise as much as IDR 10.1 trillion (US$660 million) and surpass PT Pertamina Geothermal Energy as Indonesia's largest IPO fundraiser this year, according to data compiled by Bloomberg.
Harita operates the first high-pressure acid smelting plant on Obi island in North Maluku, as mentioned on the company's official website. The HPAL process converts local low-grade ore into a mixed hydroxide precipitate - a nickel product that can be further processed to make batteries.
The HPAL facility has a production capacity of 55,000 tons per year. Next year, the new plant will double its production to 120,000 tons.
The company will determine its offering price today, Friday (24/3/2023) and begin trading on the Indonesia Stock Exchange (IDX) on April 12, 2023. Credit Suisse Group AG, BNP Paribas SA, Citigroup Inc. and PT Mandiri Sekuritas are acting as joint global coordinators.

 
Source: <a href="https://www.bloomberg.com/news/articles/2023-03-23/harita-nickel-said-to-weigh-top-end-pricing-for-indonesian-ipo">Bloomberg.com</a>

Harita Nickel to Weigh Top-End Pricing for Indonesian IPO

JAKARTA, Investor.id –&nbsp;PT Trimegah Bangun Persada Tbk (TBP/NCKL), a subsidiary of Harita Group engaged in nickel mining and downstream, will release 12 billion shares or 18% of its shares through an initial public offering (IPO). The company offers an IPO price of IDR 1,220-1,250 per share, thus raising a maximum of IDR 15.1 trillion in total funds, the largest so far this year.
With such an offering price, TBP's market cap is around IDR 81.9-83.9 trillion, surpassing PT Vale Indonesia Tbk (INCO) IDR 61 trillion, PT Aneka Tambang Tbk (ANTM) IDR 44.5 trillion, but it is lower than PT Merdeka Copper Gold Tbk (MDKA) IDR 96 trillion, based on yesterday's closing price. TBP shares will total 67 billion when listed on the Indonesia Stock Exchange (IDX).
With an initial share offering price of IDR 1,220, NCKL's PER reaches 17.3 times, with a PBV of 2.83 times, this valuation is cheaper than INCO's PER of 19.3 times but more expensive than ANTM's 12.45 times. The PER of MDKA shares, based on RTI data, stands at 68 times.
Based on TBP's IPO Summary from Phintraco Sekuritas, Wednesday (3/15/2023), around 5.46% of the IPO proceeds will be used by the company to pay all debts to PT Harita Jayaraya, 6.05% to pay all debts to PT Dwimuria Investama Andalan, 15.13% will be used by the Company to pay all debts to Oversea-Chinese Banking Corporation Limited (OCBC) and PT Bank OCBC NISP Tbk. (NISP), 0.89% for the payment of all outstanding debts of term loan facility 1 and term loan facility 3 to NISP.
Then, around 2.12% will be used by the company as capital expenditure, 32.27% for the needs of its subsidiaries and associates through capital deposits and loans, and 38.08% for working capital.
TBP's IPO effective date is expected to be April 3, public offering April 5-10, allotment date April 10, and listing on the IDX April 12, 2023. Acting as underwriters for the Harita Nickel IPO are BNP Paribas, Citigroup, Credit Suisse, Mandiri Sekuritas, DBS Vickers, OCBC Sekuritas, and UOB Kay Hian Sekuritas.
TBP President Director Roy A. Arfandy said the IPO purpose is to support the funding of ferronickel plant capacity expansion (feni) and mixed hydroxide precipitate (MHP). This expansion is to support the government's efforts to accelerate the downstream nickel industry and the creation of an electric vehicle (EV) battery raw material ecosystem in Indonesia.
TBP, he said, hopes to achieve the required funding target, because nickel is a commodity that is needed, driven by the rapid growth of the world's EV industry, which requires batteries. In addition, TBP is already quite advanced in the industrial chain of making raw materials for EV batteries.
"TBP has successfully produced MHP and will soon produce further derivative products in the form of nickel sulfate and cobalt sulfate," he told Investor Daily, Wednesday (3/15/2023).
Largest Nickel Company
Phintraco noted that TBP is a listed nickel company with upstream and downstream capabilities with more than 10 years of operational experience in Obi Island, North Maluku. According to AME Mineral Economics Pty Ltd (AME), based on nickel production in 2022, TBP is expected to be the largest pure nickel producer in Indonesia compared to other listed nickel mining companies.
Based on TBP's official website, the company has a nickel mine covering an area of 5,523 hectares (ha) on Obi Island. Furthermore, TBP, through PT Megah Surya Pertiwi, operates four feni production lines with a capacity of 240 thousand tons per year, rotary kiln electric furnace (RKEF) technology, with a nickel content of 10-12%. Feni made by TBP uses saprolite nickel as raw material.
TBP through Halmahera Jaya Feronikel has eight feni production lines with a total capacity of 780 thousand tons a year with a nickel content of 10.5%. The raw material is still a saprolite nickel.
TBP is expanding into the first-grade nickel business for EV battery raw materials or battery grade (BG). The company holds a 45% stake in Halmahera Persada Lygend, which produces MHP.
As of November 2022, TBP's revenue reached Rp 9 trillion, up from Rp 7.7 trillion in the same period last year. Net profit rose to Rp 4.3 trillion from Rp 4.3 trillion.&nbsp; "The company has distributed dividends since 2012 and it is planned to distribute dividends using the 2022 financial year and will be distributed in 2023," wrote Phintraco Sekuritas. 
* This article was translated from <a href="https://investor.id/market/324645/tbp-entitas-nikel-harita-nckl-ipo-buat-bayar-utang-ke-duo-hartono-segini-nilainya">Investor.id</a>