[SMM Flash News] Merdeka Gold Resources Posts First-Ever Revenue of $2.6m as Pani Gold Mine Begins Commercial Output

Indonesian state mining holding company MIND ID said it aims to cut greenhouse gas emissions by 15.5%, or about two million tons of CO2 equivalent, by 2030 to support the country's second Nationally Determined Contribution and net-zero goals, with Sustainability Division Head Binahidra Logiardi saying the target holds even as operational energy demand is set to nearly double (from about 149,000 to 293,000 terajoules by 2030) on the back of downstream projects including Kalimantan mine expansion, an East Halmahera EV battery ecosystem, and new smelters, which without mitigation would have more than doubled emissions; mitigation steps include raising the biodiesel blend from B35 to B40, switching from diesel to LNG, optimizing grid power use, and expanding solar and biomass co-firing, with subsidiaries Bukit Asam, INALUM, Indonesia Chemical Alumina, and PT Timah already posting emissions cuts, alongside broader plans for carbon offsets and carbon trading as decarbonization becomes key to the competitiveness of Indonesian mineral exports.

Indonesia's Energy and Mineral Resources Minister Bahlil Lahadalia inaugurated the Mini LNG Plant of PT Sumber Aneka Gas (SAG) in Tuban, East Java, on Thursday, June 25, 2026, to promote natural gas utilization for the national economy; the project, which began in 2015 and entered its commissioning phase in 2026, produces LNG, CNG, LPG, and condensate with plans for liquid CO2, drawing gas supply through 2035 from the Sumber Field operated by PT Pertamina Hulu Energi Tuban East Java at 15 MMSCFD, with Bahlil calling it a tangible step by the company to meet domestic energy needs.