Economic Development

Economic development is fundamental to the Company's sustainability goals and objectives. We produce some of the lowest capital-intensive and most profitable NPI in the global market, in partnership with Tsingshan, the world's largest, lowest cost stainless steel producer. This allows us to continuously improve our financial performance, enabling us to generate increased indirect economic impacts to the surrounding areas of our operational sites and help thousands of people and local suppliers to grow simultaneously with the Company.

We recognise that we are part of the community in the regions where we operate, and our presence has a significant positive social impact. We have a long-term vision and strive to continue to grow our business in a way that provides an optimum benefit to the lives of people in the community. Hence, the Company strives to continuously improve its financial performance that generates indirect economic impacts to the surrounding areas of our operational sites and helps thousands of people and local suppliers to grow simultaneously with the Company.

Indirect Economic Impacts

IndirectImpacts

Indirect Economic Impacts

We are committed to contributing to sustainable development in our operational areas and, more broadly, across the globe to create a positive legacy for future generations. We help and stimulate economic growth in our operational regions by prioritising hiring local workforces and suppliers. Additionally, we build connected and relevant programs to residents' needs and our long-term economic development strategy, avoiding reactive social investments.

Our operations in Central Sulawesi indirectly contributed to the total growth of 4.9% of this province in 2020, while the Indonesian economy contracted by 2.1% in the same year. As a background note, the District of Morowali in Central Sulawesi (where our Hengjaya Mine, Hengjaya Nickel, and Ranger Nickel are located) grew by 1,200% versus the whole province's growth of 161% over the past decade.

Environmental Stewardship

We believe that environmental sustainability is a core part of our existence. Our products are essential for the global energy transition and our operating environment's stability is critical to our operations' long-term success. As a company, we are committed to seeking zero harm for our environment and establishing a positive legacy in our operational regions wherever and whenever we operate, from exploration to rehabilitation and closure.

Indirect Economic Impacts

As a Company, we are committed to seeking zero harm to our environment and establishing a positive legacy in our operational regions wherever and whenever we operate, from exploration, rehabilitation and closure.

Our commitment to environmental sustainability has been recognised by the Indonesian Ministry of Energy and Natural Resources, which in 2022 awarded the Company’s Hengjaya Mine a ‘Green PROPER’ rating to confirm full compliance with the mine’s operating license of associated rehabilitation programmes and commitments.

After earning the Blue rating in 2020 and 2021, we achieved better results this year and became one of the two nickel mining companies in Indonesia that managed to get this prestigious award.

Environmental Sustainability Commitment

environmental-stewardship

Social Responsibility

We are committed to stimulating local socioeconomic development and sustainably contributes to the livelihoods and well-being of the communities and environment around our areas of operation as parts of our social responsibility. We will also respect the local people and customs wherever we operate.

Good Mining, Good Responsibility

Good Mining, Good Responsibility

Hengjaya's mining process is carried out in accordance with Good Mining Practice which is implemented comprehensively through planning, implementation by stage, to periodic evaluations. Planning, among others, involves geological modeling of exploration results. In line with production operations, Hengjaya is also consistent in cultivating an OHS culture within the company, as well as carrying out its social responsibility through various CSR programs, including the Community Empowerment and Development (PPM) program required by the Ministry of Energy and Mineral Resources for all mineral and mining industry players. Coal (Minerba). Those are all forms of commitment of PT. Hengjaya Mineralindo to continue to actively contribute to the people, nation and state of Indonesia. All are summarized in the principle of "Growing Together".