TABLE OF CONTENTS. No. Title Media Source Page

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Daily News Update Page 1

prices of several mining product commodities showed a positive trend that continued amid the Covid-19 pandemic. This is indicated by the significant increase in several mining product commodities due to increased demand and supply on world markets. This condition affects the export benchmark price (HPE) of mining products subject to Export Duty (BK) for the period January 2021. This provision is stipulated in the Regulation of the Minister of Trade Number 104 of 2020, December 22, 2020.

"HPE for mining products for the period of January 2021 has fluctuated, including copper concentrate, iron concentrate, laterite iron concentrate, lead concentrate, zinc concentrate, iron sand concentrate, ilmenite concentrate, rutile concentrate, and leached bauxite, which has increased compared to the previous month's period. Prices of several mining product commodities have increased due to increased world demand. The price of manganese concentrate has decreased, while iron sand concentrate pellets have not changed,” said the Director General of Foreign Trade of the Ministry of Trade, Didi Sumedi.

A number of mining products subject to BK are copper concentrate, iron concentrate, laterite iron concentrate,...

HPE Produk Pertambangan Periode

Januari 2021:

Sebagian Besar Harga

Komoditas Alami Kenaikan

H

INGGA menuju periode akhir Desember

2020, harga beberapa komoditas produk pertambangan menunjukkan tren yang positif yang terus berlanjut di tengah pandemi Covid-19. Hal ini diindikasikan dengan kenaikan beberapa komoditas produk pertambangan yang cukup signifikan yang disebabkan meningkatnya permintaan dan penawaran di pasar dunia. Kondisi ini mempengaruhi harga penetapan Harga Patokan Ekspor (HPE) produk pertambangan yang dikenakan Bea Keluar (BK) untuk periode Januari 2021. Ketentuan ini ditetapkan dalam Peraturan Menteri Perdagangan Nomor 104 Tahun 2020, tanggal 22 Desember 2020.

“HPE produk pertambangan periode Januari 2021 mengalami fluktuasi, diantaranya komo-ditas konsentrat tembaga, konsentrat besi, konsentrat besi laterit, konsentrat timbal, konsentrat seng, konsentrat pasir besi, konsentrat ilmenite, konsetrat rutil, dan bauksit yang telah dilakukan pencucian mengalami kenaikan dibandingkan periode bulan lalu. Harga beberapa komoditas produk pertambangan yang mengalami kenaikan dikarenakan adanya permintaan dunia yang

meningkat. Konsentrat mangan mengalami

penurunan harga, sedangkan untuk pelet konsentrat pasir besi tidak mengalami perubahan,” kata Direktur Jenderal gangan Luar Negeri Kementerian Perda-gangan Didi Sumedi.

Sejumlah produk pertambangan yang dikenakan BK adalah konsentrat tembaga, konsentrat besi, konsentrat besi laterit,...

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Daily News Update Page 3 laterite iron concentrate, iron sand

concentrate, iron sand concentrate pellet, manganese concentrate, lead concentrate, zinc concentrate, ilmenite concentrate, rutile concentrate, and washed bauxite. HPE base price calculations for iron concentrate, laterite iron concentrate, iron sand concentrate, manganese concentrate, ilmenite concentrate and rutile concentrate are sourced from Asian Metal and Iron Ore Fine Australian. Meanwhile copper concentrate, iron sand concentrate pellets, lead concentrate, zinc concentrate, and bauxite are sourced from the London Metal Exchange (LME).

Compared to the previous period, mining products that experienced an average price increase in the January 2021 period were copper concentrate (Cu ≥ 15%) with an average price of USD 3,010.54/WE or an increase of 4.44%; iron concentrates (hematite, magnetite) (Fe ≥ 62% and ≤ 1% TiO2) with an average price of USD 124.04/WE or an increase of 19.41%; laterite iron concentrates (gutite, hematite, magnetite) with levels (Fe ≥ 50% and (Al2O3 + SiO2) ≥ 10%) with an average price of USD 63.38/WE or an increase of 19.41%;

Furthermore, lead concentrate (Pb ≥ 56%) with an average price of USD 841.10/WE or an increase of 11.95%; zinc concentrate (Zn ≥ 51%) with an average price of USD 755.44/WE or an increase of 12.11%; iron sand concentrate (lamella magnetite-ilmenite) (Fe ≥ 56%) with an average price of USD 74.06/WE or an increase of 19.41%; There is also ilmenite concentrate (TiO2≥ 45%) with an average price of USD 325.16/WE or an increase of 6.86%; rutile concentrate (TiO2≥ 90%) with an average price of USD 872.76/WE or an increase of 2.88% and washed bauxite (Al2O3≥ 42%) with an average price of USD 27.14/WE or up 7.45%.

konsentrat besi laterit, konsentrat pasir besi, pelet konsentrat pasir besi, konsentrat mangan, konsentrat timbal, konsentrat seng, konsentrat ilmenit, konsentrat rutil, dan bauksit yang telah dilakukan pencucian.

Perhitungan harga dasar HPE untuk komo-ditas konsentrat besi, konsentrat besi laterit, konsentrat pasir besi, konsentrat mangan, konsentrat ilmenit, dan konsentrat rutil bersumber dari Asian Metal dan Iron Ore Fine Australian. Sementara konsentrat tembaga, pellet konsentrat pasir besi, konsentrat timbal, konsentrat seng, dan bauksit bersumber dari London Metal Exchange (LME).

Dibandingkan periode sebelumnya, produk pertambangan yang mengalami kenaikan harga rata-rata pada periode Januari 2021 adalah konsentrat tembaga (Cu ≥ 15%) dengan harga rata-rata USD 3.010,54/WE atau naik 4,44%; konsentrat besi (hematit, magnetit) (Fe ≥ 62% dan ≤ 1% TiO2) dengan harga rata-rata USD 124,04/WE atau naik 19,41%; konsentrat besi laterit (gutit, hematit, magnetit) dengan kadar (Fe ≥ 50% dan (Al2O3+ SiO2) ≥ 10%) dengan harga rata-rata USD 63,38/WE atau naik 19,41%;

Selanjutnya konsentrat timbal (Pb ≥ 56%) dengan harga rata-rata USD 841,10/WE atau naik 11,95%; konsentrat seng (Zn ≥ 51%) dengan harga rata-rata USD 755,44/ WE atau naik 12,11%; konsentrat pasir besi (lamela magnetit-ilmenit) (Fe ≥ 56%) dengan harga rata-rata USD 74,06/WE atau naik 19,41%;

Ada pula konsentrat ilmenit (TiO2≥ 45%) dengan harga rata-rataUSD 325,16/WE atau naik 6,86%; konsentrat rutil (TiO2≥ 90%) dengan harga rata-rata USD 872,76/ WE atau naik sebesar 2,88% dan bauksit yang telah dilakukan pencucian (washed bauxite) (Al2O3≥ 42%) dengan harga rata-rata USD 27,14/WE atau naik 7,45%.

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Daily News Update Page 4 On the other hand, the product that had

decreased compared to the HPE in the previous period was manganese concentrate (Mn ≥ 49%) with an average price of USD 202.89/WE or a decrease of 5.03%.

Meanwhile, iron sand concentrate pellets (lamella magnetite-ilmenite) (Fe ≥ 54) with an average price of USD 117.98/WE did not change.

According to Didi, the HPE for the January 2021 period was determined after paying attention to various written inputs and coordination from various related agencies.

Regulation of the Minister of Trade No. 104 of 2020 concerning Stipulation of Export Benchmark Prices for Mining Products Subject to Export Duty can be downloaded via http://jdih.kemendag.go.id/peraturan/ detail/2064/2.

Di sisi lain, produk yang mengalami penurunan dibandingkan HPE periode sebelumnya adalah konsentrat mangan (Mn ≥ 49%) dengan harga rata-rata USD 202,89/WE atau turun 5,03%.

Sementara itu, pelet konsentrat pasir besi (lamela magnetit-ilmenit) (Fe ≥ 54) dengan harga rata-rata USD 117,98/WE tidak mengalami perubahan.

Menurut Didi, HPE periode Januari 2021 ini ditetapkan setelah memperhatikan berbagai masukan tertulis dan koordinasi dari berbagai instansi terkait.

Peraturan Menteri Perdagangan Nomor 104 Tahun 2020 tentang Penetapan Harga Patokan Ekspor Atas Produk Pertam-bangan Yang Dikenakan Bea Keluar dapat diunduh melalui http://jdih.kemendag.go.id/ peraturan/detail/2064/2.

No longer included in

radioactivity, PP Minerba

regulates the exploitation of

Rare Earth Metal minerals

Reporter: Ridwan Nanda Mulyana | Editor:

Anna Suci Perwitasari

R

ARE earth element (REE) development

will enter a new phase. Later, REE will be regulated in a Government Regulation (PP) as a derivative rule from the Mineral and Coal Law (Minerba Law).

So that REE is no longer radio active, but is included in the metal mineral class that can be cultivated.

Tak lagi masuk radio aktif, PP

Minerba atur pengusahaan

mineral Logam Tanah Jarang

Reporter: Ridwan Nanda Mulyana | Editor:

Anna Suci Perwitasari

P

ENGEMBANGAN logam tanah jarang

(LTJ) alias rare earth element (REE) bakal memasuki fase baru. Nantinya, LTJ bakal diatur dalam Peraturan Pemerintah (PP) sebagai aturan turunan dari Undang-Undang Mineral dan Batubara (UU Minerba).

Sehingga LTJ tak lagi sebagai radio aktif, namun masuk ke dalam golongan mineral logam yang dapat diusahakan.

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Daily News Update Page 5 The Director General of Mineral and Coal at

the Ministry of ESDM Ridwan Djamaluddin explained that with the entry of rare earths into the metal mineral category, the area is exploited through an auction system. Arrangements related to exploitation of rare earths have been included in the Draft PP on mineral and coal exploitation.

"In the future, it is projected that REE will be endeavored and its licensing management will be under the Ministry of ESDM," Ridwan told Kontan.co.id, Monday (28/12).

In the Indonesia Mining Outlook 2021, Director of the Minerba Program Develop-ment of the Ministry of ESDM Muhammad Wafid Agung explained that the REE regulation in the derivative regulations of the new Minerba Law (Law Number 3/2020) is different from the previous regulations. Within the new regulatory framework, REE is separated from radio-active so that it can be operated on its own. This policy change takes into account existing developments, including the future need for management of REE as a strategic commodity.

"In the past, it has not been regulated. Because it is still an associated mineral from tin and so on and there are radioactive elements. So it must be separated, at that time we were still confused. We have included it in the RPP," explained Wafid.

Special Staff of the Minister of ESDM for the Acceleration of Mineral and Coal Governance, Irwandy Arief, added that REE in Indonesia is quite potential. One of them comes from the commodity tin.

The processed tin concentrate contains monazite in which there is thorium, then rare earth carbonite which can be processed into rare earth oxidate to rare earth metal.

Direktur Jenderal Minerba Kementerian ESDM Ridwan Djamaluddin menjelaskan, dengan masuknya tanah jarang ke dalam golongan mineral logam, maka pengusahaan wilayahnya dilakukan melalui sistem lelang. Pengaturan terkait pengusahaan tanah jarang ini telah masuk di dalam Rancangan PP tentang pengusahaan minerba.

"Proyeksi ke depannya, LTJ akan diusaha-kan dan pengurusan perizinannya berada di bawah Kementerian ESDM," kata Ridwan kepada Kontan.co.id, Senin (28/12).

Dalam Indonesia Mining Outlook 2021, Direktur Bina Program Minerba Kemen-terian ESDM Muhammad Wafid Agung menerangkan bahwa pengaturan LTJ dalam aturan turunan UU Minerba yang baru (UU Nomor 3/2020) berbeda dari regulasi sebelumnya. Di dalam kerangka regulasi yang baru itu, LTJ dipisahkan dari radio aktif sehingga bisa diusahakan sendiri. Perubahan kebijakan ini mempertimbang-kan perkembangan yang ada, termasuk kebutuhan ke depan untuk pengelolaan LTJ sebagai komoditas strategis.

"Kalau yang dulu, itu kan belum diatur. Karena masih merupakan mineral ikutan dari timah dan sebagainya dan ada unsur-unsur radio aktifnya. Sehingga harus di-pisahkan, saat itu kita masih kebingungan. kami sudah memasukkannya di dalam RPP," jelas Wafid.

Staff Khusus Menteri ESDM Bidang Percepatan Tata Kelola Minerba Irwandy Arief menambahkan, LTJ di Indonesia cukup potensial. Salah satunya yang berasal komoditas timah.

Konsentrat timah yang diolah mengandung monasit yang di dalamnya terdapat thorium, lalu rare earth carbonite yang bisa diolah menjadi rare earth oxidate hingga rare earth metal.

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Daily News Update Page 6 "The existing REE has a good composition

in tin tailling, which is hoisted after processing the tin with these elements, there are at least 9 rare earth minerals recorded," he explained.

However, the development of rare earths is not without obstacles. Irwandy revealed a number of challenges. First, from the accuracy of the level of reserves and resources, it is necessary to ascertain their number and adequacy.

Second, it is necessary to carry out further exploration which also takes into account the business aspects of the business model. Third, ensuring the right technology to process content that contains radioactive elements.

Deputy for Investment and Mining Coordination at the Coordinating Ministry for Maritime Affairs and Investment, Septian Hario Seto, said that his party was indeed conducting a study related to the potential for REE. Not only from the reserve level, but also regarding the economic aspects when processed.

He said the government was also accommodating input from a number of parties. "There are several potential inputs that are quite large. There is other research that says this development is still a bit difficult. It needs to be addressed carefully by the government regarding REE," said Septian.

However, he is optimistic that the potential for REE in Indonesia is quite abundant. This is because REE as an associated mineral is found in a number of mining commodities, such as tin, nickel and bauxite.

According to Septian, the development of REE in Indonesia will be in line with the obligation to increase the added value or downstream minerals in the country.

"REE yang ada itu, komposisinya baik di tailling timah, yang dikerek setelah

processing timah itu terdapat elemen-elemen ini, paling tidak tercatat 9 rare earth mineral," jelas dia.

Namun, pengembangan rare earth ini bukan tanpa kendala. Irwandy mem-beberkan sejumlah tantangan. Pertama, dari akurasi tingkat cadangan dan sumber daya yang perlu dipastikan lagi jumlah dan kecukupannya.

Kedua, perlu dilakukan eksplorasi lanjutan yang juga mempertimbangkan aspek bisnis model pengusahaannya. Ketiga, memasti-kan teknologi yang pas untuk mengolah konten yang terdapat unsur radio aktif. Deputi Bidang Koordinasi Investasi dan Pertambangan Kementerian Koordinator Kemaritiman dan Investasi Septian Hario Seto bilang, pihaknya memang sedang melakukan kajian terkait potensi LTJ. Tak hanya dari tingkat cadangan, namun juga menyangkut aspek keekonomian saat diproses.

Kata dia, pemerintah pun menampung masukan dari sejumlah pihak. "Ada beberapa masukan potensi cukup besar. Ada riset lain yang menyebutkan ini pengembangan masih agak sulit. Perlu disikapi secara hati-hati oleh pemerintah terkait LTJ," kata Septian.

Namun, pihaknya optimistis bahwa potensi LTJ di Indonesia cukup melimpah. Sebab, LTJ sebagai mineral ikutan terdapat di sejumlah komoditas tambang, seperti timah, nikel dan bauksit.

Menurut Septian, pengembangan LTJ di Indonesia akan sejalan dengan kewajiban peningkatan nilai tambah atau hilirisasi mineral di dalam negeri.

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Daily News Update Page 7 "By encouraging domestic downstreaming,

I think we can see how big the potential is. Because if we only export raw materials, we don't know, this can actually be anything that is obtained there (other countries)," concluded Septian.

Meanwhile, referring to Kontan.co.id previous reports, the Geological Agency has conducted exploration in a number of areas. Exploration activities have been carried out in recent years in Sumatra, Kalimantan, Sulawesi and Java.

Based on data collected up to 2019, a hypothetical resource on a number of islands is described.

Hypothetical resources in Sumatra are around 23 million tons with the REE laterite deposit type, along with 5 million tons of REE with the tailings type. Meanwhile in Kalimantan, REE's hypothetical resource is around 7 million tons with the tailings type and in Sulawesi about 1.5 million tons with the laterite type.

However, to ensure the accuracy of the reserves of these hypothetical and inferred resources, further exploration is still needed.

"Dengan mendorong hilirisasi di dalam negeri saya pikir kita bisa melihat seberapa besar potensinya. Karena kalau kita cuman ekspor bahan mentah, kita nggak tahu, ini sebenarnya yang di dapat di sana (negara lain) bisa jadi apa saja," pungkas Septian.

Adapun, merujuk pada pemberitaan Kontan.co.id sebelumnya, Badan Geologi sudah melakukan eksplorasi di sejumlah daerah. Kegiatan eksplorasi tersebut dikerjakan dalam beberapa tahun terakhir di Sumatera, Kalimantan, Sulawesi dan Jawa.

Berdasarkan data yang terhimpun hingga tahun 2019, tergambar sumber daya hipotetik di sejumlah pulau tersebut. Sumber daya hipotetik di Sumatra sekitar 23 juta ton dengan tipe endapan LTJ Laterit, beserta 5 juta ton LTJ dengan tipe tailings. Sedangkan di Kalimantan, sumber daya hipotetik LTJ sekitar 7 juta ton dengan tipe tailings dan di Sulawesi sekitar 1,5 juta ton dengan tipe laterit.

Namun, untuk memastikan akurasi cadangan dari sumber daya hipotetik dan tereka tersebut, masih perlu dilakukan eksplorasi lebih lanjut.

Rare earth metals are no longer

radioactive in PP Minerba, says

MIND ID

Reporter: Ridwan Nanda Mulyana | Editor: Handoyo

R

ARE earth metals (LTJ) aka rare earth elements (REE) will be regulated in a Government Regulation (PP) as a derivative rule from the Mineral and Coal Law (Minerba Law).

Logam tanah jarang tak lagi

masuk radio aktif di PP

Minerba, begini kata MIND ID

Reporter: Ridwan Nanda Mulyana | Editor: Handoyo

L

OGAM tanah jarang (LTJ) alias rare earth

element (REE) bakal diatur dalam Peraturan Pemerintah (PP) sebagai aturan turunan dari Undang-Undang Mineral dan Batubara (UU Minerba).

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Daily News Update Page 8 REE is no longer radio active, but is

included in the metal mineral class that can be cultivated.

Mining and Industry Indonesia aka MIND ID also welcomed this policy. MIND ID Senior Vice President Corporate Secretary Rendi A. Witular said that the development of REE in Indonesia needs to be pushed from a regulatory perspective.

"We welcome the planned regulations on REE because from the regulatory side, there are many regulations that need to be tidied up," said Rendi to Kontan.co.id, Monday (28/12).

Even so, he did not emphasize whether the regulations related to REE are sufficient in PP Minerba or whether it is necessary to issue regulations that specifically regulate it. "Whatever the legal product, as long as it can support the processing of REE we are happy," continued Rendi.

To be sure, two emphasized that the challenges in developing REE in Indonesia are not only from a regulatory perspective. There are still other challenges, such as ensuring the level of potential resources and reserves of REE so that they can be processed in a sustainable manner. After that, it is related to economic factors if REE is developed into further products.

Then, regarding the technology availability factor in REE processing. Moreover, the characteristics of REE in Indonesia are quite different. This is because the presence of REE in Indonesia is not directly mined, but is the result of products or by-products of a mineral mining commodity. "This REE in Indonesia is different from other countries. In us, REE is a derivative commodity, a by-product. Because it is not (a commodity) that is directly mined, so it still needs to be further investigated the level of reserves and its economy," said Rendi.

LTJ tak lagi sebagai radio aktif, namun masuk ke dalam golongan mineral logam yang dapat diusahakan.

Mining and Industry Indonesia alias MIND ID pun menyambut baik kebijakan tersebut. Senior Vice President Corporate Secretary MIND ID Rendi A. Witular mengatakan, pengembangan LTJ di Indonesia memang perlu didorong dari sisi regulasi.

"Kita menyambut baik rencana aturan tentang LTJ karena dari sisi regulasi sekarang banyak aturan yang perlu dirapikan," kata Rendi kepada Kontan.co.id, Senin (28/12).

Meski begitu, dia tak menegaskan apakah regulasi terkait LTJ ini cukup di dalam PP Minerba atau perlu diterbitkan regulasi yang mengatur secara khusus. "Apa pun produk hukumnya, selama itu bisa men-dukung pengolahan LTJ kita sudah senang," sambung Rendi.

Yang pasti, dua menekankan bahwa tantangan pengembangan LTJ di Indonesia bukan hanya dari sisi regulasi. Masih ada tantangan lainnya, seperti untuk memasti-kan tingkat potensi sumber daya dan cadangan LTJ agar bisa diolah secara berkelanjutan. Setelah itu, terkait faktor keekonomian jika LTJ dikembangkan ke produk yang lebih lanjut.

Lalu, mengenai faktor ketersediaan tekno-logi dalam pengolahan LTJ. Apalagi, karak-teristik LTJ di Indonesia cukup berbeda. Sebab, keberadaan LTJ di Indonesia tidak langsung ditambang, melainkan hasil dari produk ikutan atau produk samping dari suatu komoditas tambang mineral.

"LTJ ini kalau di Indonesia beda dengan negara lain. Di kita, LTJ itu komoditas turunan, produk ikutan. Karena bukan (komoditas) yang langsung ditambang, sehingga masih perlu diteliti lebih lanjut lagi tingkat cadangan dan keekonomisannya," jelas Rendi.

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Daily News Update Page 9 Just so you know, this SOE mining holding

has also identified a number of types of REE in Indonesia. However, until now, the most dominant ones identified are monazite from tin and red mud from bauxite processing to alumina.

Rendi said that processing monazite from tin mining in Bangka Belitung still needs time. This is because further exploration is still needed to determine the level of sustainable reserves. This is important because it affects a proper economic level when the smelter is built.

Meanwhile, for red mud, the supply will be abundant as a by-product or bauxite residue. Namely after the operation of the Smelter Grade Alumina Refinery (SGAR) in Mempawah, West Kalimantan.

However, the availability of red mud processing technology to become derivative products is still a challenge. Rendi said, the availability of technology must be accompanied by an economical business model with an attractive margin and return on capital.

"There is technology, but how can it be processed into products that have profit, high margins, that is still a question. It can be processed, but if the margins are thin and the returns are long, how do they do? That's a component that must also be considered," said Rendi.

Contacted separately, the Director General of Mineral and Coal at the Ministry of ESDM, Ridwan Djamaluddin, explained that with the entry of rare earths into the metal mineral category, the concession of the area is carried out through an auction system. Arrangements related to exploitation of rare earths have been included in the Draft PP on mineral and coal exploitation.

Asal tahu saja, holding pertambangan BUMN ini pun sudah melakukan identifikasi pada sejumlah jenis LTJ yang ada di Indonesia. Namun sampai saat ini yang paling dominan teridentifikasi baru pada monasit dari timah dan lumpur merah (red mud) dari peng-olahan bauksit menjadi alumina.

Rendi mengungkapkan, pengolahan monasit dari pertambangan timah di Bangka Belitung masih perlu waktu. Sebab, masih dibutuhkan eksplorasi lanjutan untuk mengetahui tingkat cadangan yang berkelanjutan. Hal itu penting lantaran mempengaruhi tingkat keekonomian yang layak saat pabrik pengolahan (smelter) itu dibangun.

Sementara untuk red mud, pasokannya akan melimpah sebagai produk samping atau sisa olahan bauksit. Yakni setelah beroperasinya Smelter Grade Alumina Refinery (SGAR) di Mempawah, Kalimantan Barat.

Namun, ketersediaan teknologi pengolahan red mud untuk menjadi produk turunannya pun masih menjadi tantangan. Kata Rendi, ketersediaan teknologi mesti dibarengi dengan bisnis model yang ekonomis dengan tingkat margin dan pengembalian modal yang menarik.

"Teknologi ada, cuman bagaimana bisa diolah menjadi produk yang punya profit, margin tinggi, itu masih pertanyaan. Bisa saja diolah, tapi jika margin-nya tipis dan return lama, bagaimana? itu komponen yang juga harus dipertimbangan," pungkas Rendi. Dihubungi terpisah, Direktur Jenderal Minerba Kementerian ESDM Ridwan Djamaluddin menjelaskan, dengan masuk-nya tanah jarang ke dalam golongan mineral logam, maka pengusahaan wilayahnya dilakukan melalui sistem lelang. Pengaturan terkait pengusahaan tanah jarang ini telah masuk di dalam Rancangan PP tentang pengusahaan minerba.

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Daily News Update Page 10 "In the future, it is projected that REE will

be endeavored and its licensing manage-ment will be under the Ministry of ESDM," Ridwan told Kontan.co.id, Monday (28/12). In the Indonesia Mining Outlook 2021, Director of the Minerba Program Development of the Ministry of ESDM Muhammad Wafid Agung explained that the REE regulation in the derivative regulations of the new Minerba Law (Law Number 3/2020) is different from the previous regulations. Within the new regulatory framework, REE is separated from radioactive so that it can be operated on its own.

This policy change takes into account existing developments, including the future need for management of REE as a strategic commodity. "In the past, it has not been regulated. Because it is still an associated mineral from tin and so on and there are radioactive elements. So it must be separated, at that time we were still confused. We have included it in the RPP," explained Wafid.

Deputy for Investment and Mining Coordination at the Coordinating Ministry for Maritime Affairs and Investment Septian Hario Seto said that his party was indeed conducting a study related to the potential for REE. Not only from the reserve level, but also regarding the economic aspects when processed.

However, he is optimistic that the potential for REE in Indonesia is quite abundant. This is because...

"Proyeksi ke depannya, LTJ akan di-usahakan dan pengurusan perizinannya berada di bawah Kementerian ESDM," kata Ridwan kepada Kontan.co.id, Senin (28/12).

Dalam Indonesia Mining Outlook 2021, Direktur Bina Program Minerba Kementerian ESDM Muhammad Wafid Agung menerangkan bahwa pengaturan LTJ dalam aturan turunan UU Minerba yang baru (UU Nomor 3/2020) berbeda dari regulasi sebelumnya. Di dalam kerangka regulasi yang baru itu, LTJ dipisahkan dari radio aktif sehingga bisa diusahakan sendiri.

Perubahan kebijakan ini mempertimbang-kan perkembangan yang ada, termasuk kebutuhan ke depan untuk pengelolaan LTJ sebagai komoditas strategis. "Kalau yang dulu, itu kan belum diatur. Karena masih merupakan mineral ikutan dari timah dan sebagainya dan ada unsur-unsur radio aktifnya. Sehingga harus dipisahkan, saat itu kita masih kebingungan. Kita sudah memasukannya di dalam RPP," jelas Wafid. Deputi Bidang Koordinasi Investasi dan Pertambangan Kementerian Koordinator Kemaritiman dan Investasi Septian Hario Seto menyampaikan bahwa pihaknya memang sedang melakukan kajian terkait potensi LTJ. Tak hanya dari tingkat cadangan, namun juga menyangkut aspek keekonomian saat diproses.

Kata dia, pemerintah pun menampung masukan dari sejumlah pihak . "Ada beberapa masukan potensi cukup besar. Ada riset lain yang menyebutkan ini pengembangan masih agak sulit. Perlu disikapi secara hati-hati oleh pemerintah terkait LTJ," kata Septian.

Namun, pihaknya optimistis bahwa potensi LTJ di Indonesia cukup melimpah. Sebab,...

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Daily News Update Page 11 This is because REE as an associated

mineral is found in a number of mining commodities, such as tin, nickel and bauxite. According to Septian, the development of REE in Indonesia will be in line with the obligation to increase the added value or downstream minerals in the country.

"By encouraging domestic downstreaming, I think we can see how big the potential is. Because if we only export raw materials, we don't know, this can actually be anything that is obtained there (in other countries)," concluded Septian.

Sebab, LTJ sebagai mineral ikutan terdapat di sejumlah komoditas tambang, seperti timah, nikel dan bauksit. Menurut Septian, pengembangan LTJ di Indonesia akan sejalan dengan kewajiban peningkatan nilai tambah atau hilirisasi mineral di dalam negeri.

"Dengan mendorong hilirisasi di dalam negeri saya pikir kita bisa melihat seberapa besar potensinya. Karena kalau kita cuman ekspor bahan mentah, kita nggak tahu, ini sebenarnya yang di dapat di sana (negara lain) bisa jadi apa saja," pungkas Septian.

Indorama (INDR), Issuer Owned

by RI's 5th Richest Person

Acquires Gold Mine

Lorenzo Anugrah Mahardhika

I

SSUER producing raw materials for the textile industry, PT Indo Rama Synthetics Tbk (INDR) has acquired shares in PT Cikondang Kancana Prima (CKP).

Based on the disclosure of information from the Indonesia Stock Exchange (IDX) website on Monday (28/12/2020), the company has signed a sale and purchase agreement with CKP on December 23, 2020.

The transaction took over 80 percent of PT Cikondang Kancana Prima's ownership. Meanwhile, CKP is a gold mining and processing company located in Cianjur, West Java.

The total investment of the issuer coded INDR shares for this transaction is Rp300 billion. This amount includes Rp.50 billion, which is granted as an interest loan to affiliates of the selling shareholders.

Indorama (INDR), Emiten Milik

Orang Terkaya Ke-5 RI Akuisisi

Tambang Emas

Lorenzo Anugrah Mahardhika

E

MITEN produsen bahan baku untuk

industri tekstil, PT Indo Rama Synthetics Tbk (INDR) telah mengakuisisi kepemilikan saham PT Cikondang Kancana Prima (CKP). Berdasarkan keterbukaan informasi dari laman Bursa Efek Indonesia (BEI) pada Senin (28/12/2020), perusahaan telah menandatangani perjanjian jual beli dengan CKP pada 23 Desember 2020 lalu. Transaksi tersebut mengambil alih 80 persen kepemilikan PT Cikondang Kancana Prima. Adapun CKP merupakan perusahaan pertambangan dan pengolahan emas yang berada di Cianjur, Jawa Barat.

Jumlah investasi emiten bersandi saham INDR untuk transaksi ini adalah Rp300 miliar. Jumlah tersebut termasuk Rp50 miliar yang diberikan sebagai pinjaman berbunga kepada afiliasi dari pemegang saham yang menjual.

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Daily News Update Page 12 "This transaction was funded by retained

earnings or internal funding," the management statement was quoted as saying.

With this transaction, CKP will officially become a subsidiary of INDR. This transaction is subject to completion of preliminary requirements, including obtaining the necessary regulatory approvals and is expected to be completed in Q1/2021.

Indo-Rama Synthetics is an affiliated company of Sri Prakash Lohia which is engaged in the petrochemical business. He is in fifth place on the list of 50 Indonesians who are among the Forbes 2020 richest people ranks.

Lohia is the founder of Indorama Corporation. Forbes estimates his wealth to reach US$ 6.4 billion as of December 28, 2020. Meanwhile, Indorama Holdings B.V. holds a 34.03 percent stake in Indo-Rama Synthetics (INDR) as of 31 February 2020.

Editor: Rivki Maulana

“Transaksi ini didanai oleh laba ditahan atau pendanaan internal,” demikian pernyataan manajemen dikutip dari kete-rangan tersebut.

Dengan transaksi ini, CKP akan resmi menjadi anak perusahaan INDR. Transaksi ini tunduk pada penyelesaian persyaratan pendahuluan, termasuk memperoleh persetujuan regulator yang diperlukan dan diharapkan rampung pada kuartal I/2021. Indo-Rama Synthetics merupakan per-usahaan afiliasi Sri Prakash Lohia yang bergerak di bisnis petrokimia. Dia berada di urutan kelima dari daftar 50 orang Indonesia yang masuk jajaran orang terkaya 2020 versi Forbes.

Lohia merupakan pendiri Indorama Corporation. Forbes menaksir kekayaan yang dimilikinya mencapai US$6,4 miliar per 28 Desember 2020. Adapun, Indorama Holdings B.V. memegang kepemilikan saham 34,03 persen di Indo-Rama Synthetics (INDR) per 31 Februari 2020.

Editor : Rivki Maulana

MGEI welcomes the new

arrangement for rare earth

metals in PP Minerba

Reporter: Ridwan Nanda Mulyana | Editor: Khomarul Hidayat

R

ARE earth metals (LTJ) aka rare earth elements (REE) will be regulated in a Government Regulation (PP) as a derivative rule from the Mineral and Coal Law (Minerba Law). REE is no longer radio active, but is included in the metal mineral class that can be cultivated.

MGEI sambut pengaturan baru

logam tanah jarang di PP

Minerba

Reporter: Ridwan Nanda Mulyana | Editor: Khomarul Hidayat

L

OGAM tanah jarang (LTJ) alias rare earth element (REE) bakal diatur dalam Peraturan Pemerintah (PP) sebagai aturan turunan dari Undang-Undang Mineral dan Batubara (UU Minerba). LTJ tak lagi sebagai radio aktif, namun masuk ke dalam golongan mineral logam yang dapat diusahakan.

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Daily News Update Page 13 The Indonesian Economic Geological

Society (MGEI) welcomes this policy. According to the Chairman of MGEI STJ Budi Santoso, the regulation is correct, because not all rare earth metals are associated with radioactive elements. For example, tin ore for REE types La (Lanthanum) and Ce (Cerium) are still associated with radioactive elements. It is also non-radioactive with respect to bauxite (Sc and Nd) and nickel (Sc). "So far, the ones that are relatively economical are those associated with the above ore, because they can be cultivated as additional metal credits or by products. So it is good and it should be (regulations in PP) because not all REE are associated with radioactive features," said Budi when contacted by Konta.co.id, Monday (28/12). However, he said, the government still needs to provide a special legal umbrella for the concession of REE in Indonesia. This includes regulating REE which is associated with radioactive elements, so that there is legal certainty in their operations.

"So that it can still be cultivated while the larger interests are also protected. In general, because of its strategic nature, there should be regulations that regulate it," said Budi.

For example, with regulations in the downstream sector related to the priority of meeting domestic industrial needs. Therefore, this needs to be accompanied by the preparation of industries that will absorb REE products. "This is good enough with one example of the rampant development of the battery industry and even EV (electric vehicles) in Indonesia," said Budi.

He reminded that the biggest challenge in developing REE in Indonesia is still on the upstream side. Especially from...

Masyarakat Geologi Ekonomi Indonesia (MGEI) menyambut baik kebijakan tersebut. Menurut Ketua MGEI STJ Budi Santoso, regulasi tersebut sudah tepat, sebab tidak semua logam tanah jarang berasosiasi dengan unsur radioaktif. Misalnya bijih timah untuk LTJ jenis La (Lanthanum) dan Ce (Cerium) masih berasosiasi dengan unsur radioaktif. Juga non-radioaktif yang berkaitan dengan bauksit (Sc dan Nd) serta nikel (Sc). "Sejauh ini yang relatif ekonomis adalah yang berasosiasi dengan bijih di atas, karena bisa diusahakan sebagai tambahan metal credit atau by product. Jadi sudah bagus dan memang harus begitu (regulasi dalam PP) karena tak semua LTJ berasosiasi dengan unur radio aktif," kata Budi saat dihubungi Konta.co.id, Senin (28/12).

Namun, kata dia, pemerintah tetap perlu memberikan payung hukum khusus dalam pengusahaan LTJ di Indonesia. Termasuk untuk mengatur LTJ yang berasosiasi dengan unsur radio aktif, sehingga ada kepastian hukum dalam pengusahaannya. "Sehingga masih tetap bisa diusahakan sementara kepentingan yang lebih besar juga terlindungi. Secara umum karena sifatnya strategis, semestinya ada regulasi yang mengatur," ujar Budi.

Misalnya, dengan pengaturan di sektor hilirnya terkait prioritas pemenuhan kebutuhan industri di dalam negeri. Oleh sebab itu, hal ini perlu dibarengi dengan penyiapan industri yang akan menyerap produk LTJ. "Ini sudah cukup baik dengan salah satu contohnya maraknya pengem-bangan industri baterai bahkan EV (kendaraan listrik) di Indonesia," kata Budi.

Dia mengingatkan, tantangan terbesar pengembangan LTJ di Indonesia memang masih di sisi hulu. Terutama dari...

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Daily News Update Page 14 Especially from the aspect of inventorying

the resources and reserves of REE in Indonesia, the amount still needs to be ascertained.

In the previous Kontan.co.id report, Budi revealed that the research and develop-ment efforts of REE in Indonesia as a commodity with high prospects to cultivate, have only been booming in the last half decade. Even then, further studies are still needed to prepare the distribution map and inventory of potential reserves so that it is feasible to be followed up economically or industrially.

From the results of the study so far, the presence of REE in Indonesia is generally as a mineral or a byproduct of mineral commodities such as tin, aluminum, nickel and zircon. In addition to inventorying potential reserves and business economics, the challenge for processing REE in Indonesia is related to processing techno-logy.

Contacted separately, the Director General of Mineral and Coal at the Ministry of ESDM, Ridwan Djamaluddin, explained that with the entry of rare earths into the metal mineral category, the concession of the area is carried out through an auction system. Arrangements related to exploitation of rare earths have been included in the Draft PP on mineral and coal exploitation.

"In the future, it is projected that REE will be endeavored and its licensing manage-ment will be under the Ministry of ESDM," Ridwan told Kontan.co.id, Monday (28/12). In the Indonesia Mining Outlook 2021, Director of the Minerba Program Develop-ment of the Ministry of ESDM Muhammad Wafid Agung explained that the REE regulation in the derivative regulations of the new Minerba Law (Law Number 3/2020) is different from the previous regulations.

Terutama dari aspek inventarisasi sumber daya dan cadangan LTJ di Indonesia yang masih harus dipastikan lagi besarannya. Dalam pemberitaan Kontan.co.id sebelum-nya, Budi mengungkapkan bahwa pene-litian dan usaha pengembangan LTJ di Indonesia sebagai komoditas yang ber-prospek tinggi untuk diusahakan, baru marak dikerjakan pada setengah dekade terakhir. Itu pun masih perlu studi lanjutan untuk penyusunan peta penyebaran dan inventarisasi potensi cadangan agar layak untuk ditindak lanjuti secara keekonomian atau industri.

Dari hasil kajian sejauh ini, keterdapatan LTJ di Indonesia umumnya sebagai mineral atau elemen ikutan dari sisa olahan komo-ditas mineral seperti timah, aluminium, nikel dan zirkon. Di samping inventarisasi potensi cadangan dan keekonomian bisnis, tantangan pengolahan LTJ di Indonesia ialah terkait teknologi pemrosesan.

Dihubungi terpisah, Direktur Jenderal Minerba Kementerian ESDM Ridwan Djamaluddin menjelaskan, dengan masuk-nya tanah jarang ke dalam golongan mineral logam, maka pengusahaan wilayahnya dilakukan melalui sistem lelang. Pengaturan terkait pengusahaan tanah jarang ini telah masuk di dalam Rancangan PP tentang pengusahaan minerba.

"Proyeksi ke depannya, LTJ akan di-usahakan dan pengurusan perizinannya berada di bawah Kementerian ESDM," kata Ridwan kepada Kontan.co.id, Senin (28/12).

Dalam Indonesia Mining Outlook 2021, Direktur Bina Program Minerba Kementerian ESDM Muhammad Wafid Agung menerangkan bahwa pengaturan LTJ dalam aturan turunan UU Minerba yang baru (UU Nomor 3/2020) berbeda dari regulasi sebelumnya.

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Daily News Update Page 15 Within the new regulatory framework, REE

is separated from radioactive so that it can be operated on its own.

This policy change takes into account existing developments, including the future need for management of REE as a strategic commodity. "In the past, it has not been regulated. Because it is still an associated mineral from tin and so on and there are radioactive elements. So it must be separated, at that time we were still confused. We have included it in the RPP," explained Wafid.

Deputy for Investment and Mining Coordination at the Coordinating Ministry for Maritime Affairs and Investment Septian Hario Seto said that his party was indeed conducting a study related to the potential for REE. Not only from the reserve level, but also regarding the economic aspects when processed.

However, he is optimistic that the potential for REE in Indonesia is quite abundant. This is because REE as an associated mineral is found in a number of mining commodities, such as tin, nickel and bauxite. According to Septian, the development of REE in Indonesia will be in line with the obligation to increase the added value or downstream minerals in the country.

"By encouraging domestic downstreaming, I think we can see how big the potential is. Because if we only export raw materials, we don't know, this can actually be anything that is obtained there (in other countries)," concluded Septian.

Di dalam kerangka regulasi yang baru itu, LTJ dipisahkan dari radio aktif sehingga bisa diusahakan sendiri.

Perubahan kebijakan ini mempertimbang-kan perkembangan yang ada, termasuk kebutuhan ke depan untuk pengelolaan LTJ sebagai komoditas strategis. "Kalau yang dulu, itu kan belum diatur. Karena masih merupakan mineral ikutan dari timah dan sebagainya dan ada unsur-unsur radio aktifnya. Sehingga harus dipisahkan, saat itu kita masih kebingungan. Kita sudah memasukannya di dalam RPP," jelas Wafid. Deputi Bidang Koordinasi Investasi dan Pertambangan Kementerian Koordinator Kemaritiman dan Investasi Septian Hario Seto menyampaikan bahwa pihaknya memang sedang melakukan kajian terkait potensi LTJ. Tak hanya dari tingkat cadangan, namun juga menyangkut aspek keekonomian saat diproses.

Kata dia, pemerintah pun menampung masukan dari sejumlah pihak. "Ada beberapa masukan potensi cukup besar. Ada riset lain yang menyebutkan ini pengembangan masih agak sulit. Perlu disikapi secara hati-hati oleh pemerintah terkait LTJ," kata Septian.

Namun, pihaknya optimistis potensi LTJ di Indonesia cukup melimpah. Sebab, LTJ sebagai mineral ikutan terdapat di sejumlah komoditas tambang, seperti timah, nikel dan bauksit. Menurut Septian, pengembangan LTJ di Indonesia akan sejalan dengan kewajiban peningkatan nilai tambah atau hilirisasi mineral di dalam negeri.

"Dengan mendorong hilirisasi di dalam negeri saya pikir kita bisa melihat seberapa besar potensinya. Karena kalau kita cuman ekspor bahan mentah, kita nggak tahu, ini sebenarnya yang di dapat di sana (negara lain) bisa jadi apa saja," imbuh Septian.

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Keep on record! Due to China,

the price of coal is US$85/tonne

Tirta Citradi, CNBC Indonesia

T

HE PRICE of the Newcastle coal futures contract has again set a new high. Now the price of the jet stone has broken the psychological level of US$ 85/ton.

The price of the actively traded contract has appreciated by 1.18% compared to the trading period last week to US$ 85.5/ton and is near the highest level since May 2019.

Coal is able to book 10 consecutive weeks of strengthening, with a total appreciation of almost 47%. Thanks to this impressive performance, the year-to-date coal price has now recorded a strengthening of more than 22% after being in the red zone from late March to November 24 last.

Sentiment from China continues to boost coal prices. The China National Develop-ment and Reform Commission (NDRC) has called on companies to increase imports of liquefied natural gas (LNG) and thermal coal to ensure sufficient energy supplies in winter.

Demand for natural gas, the main heating fuel for the winter in northern China is expected to surge as cold weather is expected from Monday to hit large parts of the country's central, northern and eastern regions and cause temperatures to drop by as much as 10 to 12 degrees Celsius.

China has faced serious challenges regarding its electricity sector in Hunan, Jiangxi and Zhejiang provinces since early December, due to a strong economic recovery to cold weather and a choke in the supply of renewable energy.

Rekor Terus! Gegara China, Harga

Batubara Tembus US$85/ton

Tirta Citradi, CNBC Indonesia

H

ARGA kontrak futures (berjangka) batu

bara Newcastle kembali mencetak rekor tertinggi barunya. Kini harga si batu legam sudah tembus level psikologis US$ 85/ton. Harga kontrak yang aktif diperdagangkan tersebut mengalami apresiasi sebesar 1,18% dibanding periode perdagangan pekan lalu ke US$ 85,5/ton dan berada di dekat level tertinggi sejak Mei 2019.

Batu bara mampu membukukan penguatan 10 pekan beruntun, dengan total apresiasi nyaris 47%. Berkat kinerja impresif tersebut, harga batu bara secara year-to-date kini mencetak penguatan lebih dari 22% setelah berada di zona merah sejak akhir Maret hingga 24 November lalu.

Sentimen dari China terus mendongkrak harga batubara. Melansir Reuters, Komisi Pembangunan dan Reformasi Nasional China (NDRC), meminta perusahaan untuk me-ningkatkan impor gas alam cair (LNG) dan batu bara termal untuk memastikan pasokan energi mencukupi saat musim dingin.

Permintaan gas alam, bahan bakar pemanas utama untuk musim dingin di utara China diperkirakan akan melonjak karena cuaca dingin diperkirakan mulai Senin akan melanda sebagian besar wilayah tengah, utara dan timur negara itu dan menyebabkan suhu turun sebanyak 10 hingga 12 derajat Celcius. China menghadapi tantangan serius terkait sektor listriknya di provinsi Hunan, Jiangxi dan Zhejiang sejak awal Desember, karena pemulihan ekonomi yang kuat hingga cuaca dingin serta tersendatntya pasokan energi terbarukan.

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Daily News Update Page 17 Electricity consumption in recent weeks has

increased by 11% over the previous year, and the electricity load in 20 provinces has increased at double-digit rates.

China uses a lot of thermal coal for its power generation. However, when demand increases, the supply of domestic coal has actually decreased. As a result, local Chinese coal prices have soared.

The price of Chinese thermal coal for the Qinhuangdao type is 5,500 Kcal/kg translucent to RMB 728/ton. Whereas the informal target set by the government is only RMB 500 - RMB 570/ton. The tight local coal supply made China relax its import quota policy, but not Australia. The conflict between China and Australia has heated up because the Covid-19 pandemic has also been one of the triggers for the increase in coal prices. As is known, Australia called for an international investigation into the corona virus which originated in China, which eventually became a pandemic.

The relationship between the two countries is fractured, even though both of them are strategic partners. China is Australia's largest export market. In 2018-2019 alone, Australian exports to China reached US$ 116.79 billion, equivalent to 32.6% of the country's total exports.

Launching CNBC International, there are at least eight Australian products targeted by China, namely, barley, wine, red meat, cotton, wood, coal, lobster and iron ore. The entry of Australian coal into a commodity boycotted by China has made Kangaroo Country think about lowering its production target.

Australian coal producers may have to start cutting production if China limits imports from them and this is expected to cause coal export revenues to fall sharply this year.

Konsumsi listrik dalam beberapa minggu terakhir telah meningkat sebesar 11% dibandingkan tahun sebelumnya, dan beban listrik di 20 provinsi telah meningkat dengan kecepatan dua digit.

China banyak menggunakan batu bara termal untuk pembangkit listriknya. Namun di saat kebutuhan meningkat, pasokan batu bara domestik justru mengalami penurunan. Akibatnya harga batu bara lokal China mem-bumbung tinggi.

Harga batu bara termal China untuk tipe Qinhuangdao 5.500 Kcal/kg tembus RMB 728/ton. Padahal target informal yang dipatok pemerintah hanya di RMB 500 - RMB 570/ton. Ketatnya pasokan batu bara lokal membuat China melonggarkan kebijakan kuota impor-nya, tetapi tidak untuk Australia.

Konflik antara China dan Australia semakin memanas gegara pandemi Covid-19 juga men-jadi salah satu pemicu kenaikan harga batu bara. Seperti diketahui, Australia menyerukan untuk melakukan penyelidikan internasional terhadap virus corona yang berasal dari China, hingga akhirnya menjadi pandemi. Hubungan kedua negara pun retak, padahal keduanya merupakan mitra strategis. China merupakan pasar ekspor terbesar Australia. Pada 2018-2019 saja, ekspor Australia ke China mencapai US$ 116,79 miliar atau setara dengan 32,6% dari total ekspor negara tersebut.

Melansir CNBC International, setidaknya ada delapan produk Australia yang ditarget China, yakni, jelai, wine, daging merah, kapas, kayu, batu bara, lobster, dan bijih besi. Masuknya batu bara Australia ke dalam komoditas yang diboikot China membuat Negeri Kanguru mulai berpikir untuk menurunkan target produksinya.

Produsen batu bara Australia mungkin harus mulai memangkas produksinya jika China membatasi impor dari mereka dan hal ini diperkir memakan menyebabkan pendapatan ekspor batu bara turun tajam tahun ini.

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Daily News Update Page 18 China is the second largest buyer of

Australian thermal coal burned at power plants and metallurgical coal used to make steel. Even though the relationship between Australia and China is heating up, the increasing demand for coal in the State of Panda and decreasing output has also helped lift the price of thermal coal globally.

In the future, the International Energy Agency (IEA) projects that demand for coal will increase in 2021. The increase in demand is expected to reach 2.6% compared to this year after being attacked by the Covid-19 pandemic which triggered a massive lockdown and made electricity consumption fall and the wheels of industry choked up.

Demand for thermal and metallurgical coal is expected to increase to 7.43 billion tonnes in 2021 from 7.24 billion tonnes this year. Obviously this is a positive catalyst for the price of coal. CNBC INDONESIA RESEARCH TEAM (twg/twg)

China adalah pembeli terbesar kedua batu bara termal Australia dibakar di pem-bangkit listrik dan batu bara metalurgi digunakan untuk membuat baja. Meskipun hubungan Australia dan China memanas tetapi kebutuhan batu bara Negeri Panda yang naik dan output yang turun turut mengangkat harga batu bara termal secara global.

Ke depan Badan Energi Internasional (IEA) memproyeksikan permintaan batu bara akan naik di 2021. Kenaikan permintaan diperkirakan bakal mencapai 2,6% di-banding tahun ini pasca diserang pandemi Covid-19 yang memicu lockdown secara masif dan membuat konsumsi listrik turun dan roda industri tersendat.

Permintaan batu bara termal dan metalurgi diperkirakan meningkat menjadi 7.43 miliar ton pada tahun 2021 dari 7.24 miliar ton tahun ini. Jelas ini menjadi katalis positif bagi harga batu bara. TIM RISET CNBC INDONESIA(twg/twg)

Metso Outotec wins $122 million zinc order, divests business

M

ETSO Outotec said today it signed a contract to deliver a complete package of key process

equipment for a greenfield zinc plant in Verkhny Ufaley in the Chelyabinsk region in Russia. Metos said that the contract value of approximately EUR 100 million ($122.5 million) has been booked in Metso Outotec’s fourth-quarter 2020 order intake, a quarter of which will be booked in Minerals segment and the rest in Metals segment.

“Metso Outotec has been supplying minerals processing and metals refining technologies to our customers in Russia for a long time. The new zinc plant will utilize Metso Outotec’s proprietary technology, which is both sustainable and highly cost-effective,” says Jari Ålgars, President, Metals business area at Metso Outotec.

The order includes equipment package for zinc concentrate processing, iron precipitation, solution purification and electrowinning technologies for safe and sustainable zinc processing based on OKTOP® reactor and plant products.

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Daily News Update Page 19 The order also contains a circuit heat recovery system, zinc electrowinning and ingot casting equipment as well as high-efficiency cooling towers for zinc electrowinning and gypsum removal with drastically reduced emissions compared to conventionally designed cooling towers. It also includes clarifying solutions for consistent solid-liquid separation, high-performance Larox® FP and RB filters with low energy consumption, as well as fully integrated digital process automation for more reliable and flexible operation.

“Metso Outotec provides leading edge technology for extensive zinc processing plants. This includes proprietary process equipment and know-how from raw material to final zinc product and various by-products,” says Stephan Kirsch, President of the Minerals business area at Metso Outotec.

Metso also announced the divestment of its aluminum business. Metso Outotec has signed an agreement to sell its Aluminium business to REEL International, headquartered in France. The business was announced to be for sale a year ago and has been since reported under discontinued operations.

The business to be divested comprises of green anode plants, anode rodshops, and casthouses used in aluminium smelters as well as related equipment and services. Approximately 120 Metso Outotec employees will join REEL upon closing, which is expected to take place during the first quarter of 2021.

As world sours on coal, top producer Indonesia tries to sweeten it at

home

By Nithin Coca

 With international demand slowing, the government of Indonesia, a major coal producer and exporter, is looking to boost domestic demand for the fossil fuel.

 The government has recently passed a series of regulations seen as favorable to the coal industry, and is also putting its support behind coal gasification plans.

 State-owned coal miner PT Bukit Asam plans to have a coal gasification plant operational by 2024, while the country’s largest private coal miner, PT Bumi Resources, plans to invest more than $1 billion into a similar facility. U.S.-based Air Products also plans to invest $2 billion in a facility in Indonesia.

 Proponents of coal gasification call it a “clean coal technology” that will boost the domestic economy; opponents warn it will further entrench Indonesia’s fossil fuel dependence.

W

ITH consumption, travel and commuting all suppressed due to the COVID-19 pandemic, researchers from the Global Carbon Project calculate carbon dioxide emissions fell a record 7% in 2020. One key driver was lower demand for fossil fuels, including coal, the consumption of which is expected to fall by 8% this year — the largest drop since the end of World War II.

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Daily News Update Page 20 For many in Indonesia’s government, this is no reason to celebrate. Coal is the country’s largest export, and the pandemic has severely impacted Indonesia’s coal industry. The country, which in 2019 was the world’s biggest thermal coal exporter, has seen demand drop in key export markets including China and India. Domestic consumption is also at risk, as electricity demand from coal-fired power plants drops, exacerbating existing concerns around overcapacity.

The Indonesian government’s solution? Support the coal industry, in part by building local demand through a new technology: coal gasification, turning solid coal into the liquid fuels methanol and dimethyl ether (DME) that can replace imported liquefied petroleum gas (LPG). “The Indonesian coal industry is trying to secure their market domestically,” said Andri Prasetiyo, program manager with Trend Asia, a Jakarta-based NGO. “The coal gasification conversation is coming up because global coal demand is decreasing.”

Coal industry advocates and proponents in the Indonesian government say gasification plans will benefit the economy by enabling the use of more domestic energy, preserving jobs and investment in the coal industry. However, critics have raised concerns about the environmental and climate impacts of this coal-based technology, and question the wisdom of government spending on a project with questionable economic viability.

Coal gasification plans attracting major players, big investments

Converting coal into a liquid fuel is not new. In fact, this technology has been around for more than a century. It was a key energy source in Europe before World War II, but was largely replaced by petroleum and natural gas since the 1940s.

It has really only been since the turn of the millennium, after coal electricity generation peaked in Europe and the U.S., that the global coal industry began pushing gasification. To date, large-scale coal gasification exists only in coal-rich but LPG-poor China, but even there it has fallen out of favor due to persistent high costs and growing climate concerns. South Africa also has a small gasification industry that provides fuel for domestic use.

In Indonesia, coal gasification plans are quite far along. State-owned coal miner PT Bukit Asam is looking to build a gasification plant that would start operation in 2023 or 2024, while the country’s largest private coal miner, PT Bumi Resources, plans to invest more than $1 billion into a similar facility. In June, a U.S.-based company, Air Products, announced it was investing $2 billion in what it calls a “world-scale” project in Bengalon, in East Kalimantan province, in partnership with two other private coal giants: PT Bakrie Capital, part of the Bakrie Group that also controls Bumi Resources, and PT Ithaca Resources.

“Air Products will be the owner/operator taking coal and selling methanol back to PT Bakrie Capital,” said Ian Reid, a combustion technology specialist at the IEA Clean Coal Centre, an industry-supported program under the auspices of the International Energy Agency. “Air Products own the Shell and [General Electric] gasification technologies, which represent the majority of gasification installations worldwide.”

It is unclear how emissions or waste from coal gasification plants will be regulated. In 2020, Indonesia passed two sweeping pieces of legislation which included clauses seen as highly favorable to extractive industries. A revision to the coal and mineral mining law was passed in May with strong support from the Indonesian Coal Mining Association.

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Daily News Update Page 21 It makes it easier for the industry to extend permits, quadrupled the maximum size of traditional mining zones, and allowed permissions for mining activities in river- and seabeds. For gasification proponents, however, the biggest and most beneficial change came with the passing of the highly controversial omnibus law on job creation in October. Alongside clauses that lessened requirements for environmental impact assessments, weakened land rights, and eliminated an existing 30% minimum forest area requirement, were regulations that eliminated royalties for coal destined for downstream value-added domestic use — like gasification. The change means less revenue for both Jakarta and local governments, but provides a windfall for miners, and cost savings for gasification plants.

“It shows how powerful the coal industry is, to influence public policy and regulations. They successfully revised the mineral and coal law and the omnibus law,” Prasetiyo said. “It’s a grand policy to help the coal industry survive and generate profits.”

There is potentially more. Indonesia’s parliament is currently debating a new and renewable energy law, with the goal of helping expand alternative energies to help meet Indonesia’s Paris Agreement commitments. But the concern is exactly how “new” is defined.

“Coal gasification is considered part of new energy,” Prasetiyo said. “The discussion is not focusing on wind and solar, but on coal gasification and nuclear.”

The clean coal debate

These regulatory changes, and the government’s robust support for coal gasification plans, have raised concerns that Indonesia will be further locked into its dependence on coal, leading to increased greenhouse gas emissions and the ongoing devastation of landscapes in coal-mining regions of the country.

“This coal gasification project is dangerous,” Prasetiyo said. “It will make it harder for Indonesia to achieve its Paris Agreement commitments, will have no significant benefit for the economy, and will harm the environment because it will result in more coal exploitation.” Coal advocates say the technology has improved in recent years, and that gasification should be considered a “next generation clean coal technology,” for which both pollution and greenhouse gas emissions would be limited.

“Gasification can meet the pollution criteria of clean coal use with available technologies, even though more process steps are involved for product purification than in petroleum or gas installations,” Reid said. He added he hopes to see this technology used in the Kalimantan facility.

Others are more skeptical that gasification can ever be made clean. Even if the plant itself has pollution control technology, there are numerous venues for leakage due to the long journey that coal must take from mining to gasification, and then all the downstream applications such as chemical plants and vehicles.

“The only way that it would have zero climate impact if there was zero methane leakage from the coal mine, and everywhere that the fuel is combusted there was carbon capture and sequestration, and that was 100 percent effective,” said Jonathan Buonocore, a coal, climate and public health expert at the Harvard T.H. Chan School of Public Health.

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Daily News Update Page 22 Ghee Peh, an energy finance analyst at the Institute for Energy Economics and Financial Analysis (IEEFA), a U.S.-based think tank, agrees, saying the technology is inherently dirty. “You’re crushing 4.5 tons of coal, pressuring it, and eventually you’re going to burn it,” Peh said. “How can that not have a CO2 impact? It’s just a really bad idea for the environment.” Economically, the plan could also be incredibly costly, requiring significant government subsidies to make the gasification plants cost-effective, and investment in ensuring that downstream chemical plants can accept coal-based fuels in place of LPG. A recent analysis from the IEEFA estimated that the Bukit Asam plant would lose $377 million per year and result in consumers spending more for less energy. And that is beyond the infrastructure costs.

“It’s insane the amount of money they are going to need,” said Peh, who conducted the analysis. “$2 billion for the plant, and then another $1 billion to convert downstream plants, and then the market will be loss-making every year.”

Exploring the options

Peh said he would ideally like to see an open discussion, based on the economic and environmental facts, about whether or not coal gasification is a feasible energy source for Indonesia and if government investment would not be better used to support the country’s nascent renewable energy sector.

“Indonesia as a nation does not necessarily have to go down this route,” he said. “Its people deserve an open discussion about all these options.”

Prasetiyo agreed, saying there’s a lot of opportunity to redirect Indonesia away from coal dependence toward a more decentralized, sustainable energy future.

“The decrease of coal prices should be the moment when the government shifts to renewable energy,” he said. “Instead, when coal is facing pressure internationally, they are trying to secure the domestic market.”

At this stage, though, the priorities of the government, and President Joko Widodo, who in October ordered an acceleration of the coal derivative industry, seem to be on making an old energy new, and not on joining neighbors India, China, Vietnam or Thailand in shifting toward renewables. Article published by Isabel Esterman

Baru Gold appoints Mine Manager

Published by Jessica Casey, Editorial Assistant

B

ARU Gold Corp. has announced the recent appointment of Fatchil Amal as Mine Manager/

Kepala Teknik Tambang (Mine Technical Manager).

For more than 28 years, Amal has had senior technical and management roles in coal, gold and copper mining, and mine infrastructure construction operations throughout Indonesia.

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