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INALUM and UNCEN Establish Cooperation in Building Papua

INALUM President Director Budi G. Sadikin and Cendrawasih University Chancellor Dr. Ir. Apolo Safanpo, S.T., M.T. after the signing of the MoU on cooperation in Education, Research and Community Service and the Development of the Mining, Industry and Energy Sector, in the Inalum Office, Jakarta.
QUX.ME - PT Indonesia Asahan Aluminum (Persero) or INALUM and Cendrawasih University, Tuesday (1/15/2019), signed the Memorandum of Understanding (MOU) on Cooperation in Education, Research and Community Service and the Development of Mining, Industry and Energy.

The signing was carried out at the Jakarta Inalum office by INALUM President Director Budi Sadikin and Cendrawasih University (Uncen) Chancellor Dr. Ir. Apolo Safanpo, S.T., M.T.

The signing was also witnessed by Assistant Rector IV Drs. Fredrik Sokoy, M.Sc, Assistant Chancellor 2 Prof. Dr. Arung Lamba, M.Sc and Director of the Indonesian Mining and Metals Industry, Ratih Amri.

"One of the mandates of the Mining Industry Holding is mastering and managing natural resources. To achieve this, qualified human resources need to be prepared. Inalum established the Indonesian Mining and Metals Industry (MMII) whose function is with leading universities and research institutions to print and developing the capabilities of mining experts in Indonesia. Cooperation with Cendrawasih University is one of them, "said Budi Sadikin.

"We hope by preparing human resources in Papua, in the future SDA can also be managed independently by Indonesian sons and daughters, especially Papuan sons and daughters," he said.

This Memorandum of Understanding aims to realize sustainable national mining, industry and energy management through cooperation in the fields of education, research and community service and development in the fields of mining, industry and energy.

"We appreciate and welcome the cooperation invitation in the mining sector. Natural resources in Papua are very rich, but human resources are limited. So we hope this cooperation can help overcome these obstacles in the future," said the Chancellor of the University of Cendrawasih Dr. Ir. Apolo Safanpo, S.T., M.T. on the sidelines of the signing of the MoU.

The scope of the memorandum of understanding between INALUM and Uncen includes the preparation of strategic policy recommendations to support sustainable mining, industry and energy management; and developing environmentally friendly mining.

At present MMII has signed a memorandum of understanding with a leading research institute from the United States, the Massachusetts Institute of Technology Energy Initiatives (MITEI).

This collaboration is carried out in order to improve the development of low-carbon energy and sustainable mining technologies.

Collaboration with MITEI will help INALUM to develop mining projects that are environmentally friendly and sustainable, but low cost.

About Mining Industry Holding

The Mining Industry Holding was officially formed on November 27, 2017 where INALUM became the Parent Business Holding and PT Aneka Tambang Tbk., PT Bukit Asam Tbk., PT Timah Tbk., And PT Freeport Indonesia as Holding members.

INALUM holds 65% of the shares of PT Aneka Tambang Tbk., 65.02% of the shares of PT Bukit Asam Tbk., 65% of the shares, PT Timah Tbk., And 51.2% of the shares of PT Freeport Indonesia.

As of June 2018, INALUM posted Consolidated Revenues of Rp 30.1 trillion, growing 59% from last year.

Consolidated EBITDA reached Rp 9.2 trillion, growing 92% from last year. Consolidated Net Profit reached Rp 5.3 trillion, growing 174% from 2017. (*)