TABLE OF CONTENTS. No. Title Media Source Page

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Daily News Update Page 1

HE MINISTRY of Energy and Mineral Resources (MEMR) issued a new regulation to ensure coal mining business actors fulfill their obligations to supply domestic needs or the Domestic Market Obligation (DMO). One of the sanctions is even the cessation of mining operations or activities if they are unable to fulfill their obligation to supply coal to the country.

In the latest regulation contained in the Decree of the Minister of EMR Number 13.k/HK.021/MEM.B/2022, it is stated that several sanctions will be imposed on coal business actors who do not fulfill their obligations.

Several policy points regarding the imposition of sanctions, fines, and compensation funds to coal mining companies that do not comply with the obligation to supply coal for the country (Domestic Market Obligation/DMO) include:

First, the Mining Business Entity that does not fulfill the obligation to fulfill the percentage of coal sales for domestic needs or does not fulfill the sales contract in accordance with the provisions. Therefore, in the Decree of the Minister of Energy and Mineral Resources Number 139.K/HK.02/

MEM.B/2021 administrative sanctions are imposed in the form of temporary suspension of all production operations or a statement of negligence within a maximum period of 60 calendar days.

Then, revocation of Mining Business Permits,...

Tidak Penuhi Kewajiban DMO, Perusahaan Tambang Batu Bara

Diancam Penghentian Operasi

Rio Indrawan

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EMENTERIAN Energi dan Sumber Daya Mineral (ESDM) mengeluarkan aturan main baru untuk memastikan para pelaku usaha tambang batu bara memenuhi kewajiban untuk memasok kebutuhan dalam negeri atau Domestic Market Obligation (DMO).

Salah satu sanksinya bahkan ada penghentian operasi atau kegiatan tambang jika tidak mampu memenuhi kewajiban memasok batu bara ke dalam negeri.

Dalam aturan terbaru yang tertuang di Keputusan Menteri ESDM Nomor 13.k/

HK.021/MEM.B/2022 disebutkan beberapa sanksi yang akan dikenakan bagi para pelaku usaha batu bara yang tidak memenuhi kewajiban.

Beberapa poin kebijakan mengenai pengenaan sanksi, denda, serta dana kompensasi kepada perusahaan tambang batu bara yang tak patuh terhadap kewajiban untuk memasok batu bara untuk dalam negeri (Domestic Market Obligation/DMO) di- antaranya :

Pertama, Badan Usaha Pertambangan yang tidak memenuhi kewajiban pemenuhan persentase penjualan batu bara untuk kebutuhan dalam negeri atau tidak memenuhi kontrak penjualan sesuai dengan ketentuan. Maka dalam Keputusan Menteri Energi dan Sumber Daya Mineral Nomor 139.K/HK.02/ MEM.B/2021 dikenai sanksi administratif berupa penghentian sementara seluruh kegiatan operasi produksi atau pernyataan kelalaian dalam jangka waktu paling lama 60 hari kalender. Kemudian, pencabutan Izin Usaha Pertambangan,...

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Then, revocation of Mining Business Permits, Special Mining Business Permits, Special Mining Business Permits as Continuation of Contract/Agreement Operations, or termination of PKP2B.

Meanwhile, the Mining Business Entity that does not fulfill the sales percentage or does not fulfill the sales contract, is subject to the following provisions:

a. Prohibition of selling coal to foreign countries until the Mining Business Entity fulfills domestic coal needs according to the percentage of sales or in accordance with sales contracts, except for those who do not have sales contracts with domestic coal users or whose coal specifications do not have a domestic market.

b. Payment obligations with the following conditions:

1. A fine of the difference in the selling price to foreign countries minus the Coal Benchmark Price for the supply of electricity for the public interest (domestic market obligation) multiplied by the volume of sales abroad in the amount of the obligation to meet domestic coal needs that are not met by Mining Business Entities that do not meet coal needs domestically for the provision of electricity for the public interest.

2. A fine amounting to the difference in the selling price to foreign countries minus the Coal Benchmark Price multiplied by the volume of sales abroad in the amount of the obligation to fulfill domestic coal needs that are not fulfilled for Mining Business Entities that do not meet domestic coal needs other than for the supply of electricity for the public interest.

Kemudian, pencabutan Izin Usaha Pertam- bangan, Izin Usaha Pertambangan Khusus, Izin Usaha Pertambangan Khusus sebagai Kelanjutan Operasi Kontrak/Perjanjian, atau pengakhiran PKP2B.

Adapun, Badan Usaha Pertambangan yang tidak memenuhi persentase penjualan atau tidak memenuhi kontrak penjualan, dikenai ketentuan:

a. Pelarangan penjualan batu bara ke luar negeri sampai dengan Badan Usaha Pertambangan memenuhi kebutuhan batubara dalam negeri sesuai dengan persentase penjualan atau sesuai dengan kontrak penjualan, kecuali bagi yang tidak memiliki kontrak penjualan dengan pengguna batubara di dalam negeri atau spesifikasi batubaranya tidak memiliki pasar dalam negeri.

b. Kewajiban pembayaran dengan ketentuan berupa:

1. Denda sejumlah selisih harga jual ke luar negeri dikurangi Harga Patokan Batubara untuk penyediaan tenaga listrik untuk kepentingan umum (domestic market obligation) dikalikan volume penjualan ke luar negeri sebesar kewajiban pemenuhan kebutuhan batubara dalam negeri yang tidak dipenuhi Badan Usaha Pertambangan yang tidak memenuhi kebutuhan batubara dalam negeri untuk penyediaan tenaga listrik untuk kepentingan umum.

2. Denda sejumlah selisih harga jual ke luar negeri dikurangi Harga Patokan Batubara dikalikan volume penjualan ke luar negeri sebesar kewajiban pemenuhan kebutuhan batubara dalam negeri yang tidak dipenuhi bagi Badan Usaha Pertambangan yang tidak memenuhi kebutuhan batu bara dalam negeri selain untuk penyediaan tenaga listrik untuk kepentingan umum.

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3. Compensation fund in the amount of sales shortfall in accordance with the percentage of sales for Mining Business Entities that do not have sales contracts with domestic coal users or whose coal specifications do not have a domestic market.

Provisions related to the prohibition of coal sales abroad and the imposition of fines also apply to Coal Transport and Sales Permit holders who do not meet domestic coal needs in accordance with the sales contract. (RI)

3. Dana kompensasi sejumlah kekurangan penjualan sesuai dengan persentase penjualan bagi Badan Usaha Pertambangan yang tidak memiliki kontrak penjualan dengan pengguna batubara di dalam negeri atau spesifikasi batu baranya tidak memiliki pasar dalam negeri.

Ketentuan terkait pelarangan penjualan batu bara ke luar negeri dan pengenaan denda juga berlaku untuk pemegang Izin Peng- angkutan dan Penjualan Batu bara yang tidak memenuhi kebutuhan batu bara dalam negeri sesuai dengan kontrak penjualan. (RI)

BKF: Plan to Implement Export Tax on Nickel Pig Iron and

Ferronickel Still Discussed

Reporter: Muhammad Julian | Editor:

Handoyo

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ISCUSSION on the plan to implement export tax policies for Nickel Pig Iron (NPI) and Ferronickel is still ongoing. Acting Head of the Center for State Revenue Policy of the Fiscal Policy Agency (BKF), Pande Putu Oka, said that currently the government is still discussing the policy plan with relevant stakeholders.

"The plan for implementing the export tax policy for Nickel Pig Iron and Ferronickel is still in the process of being discussed with relevant stakeholders and if it has been determined, the Government will immediately announce it," said Pande to Kontan.co.id (25/1).

Previously, the plan for implementing an export tax on BOP and ferronickel was disclosed by the Coordinating Ministry for Maritime Affairs and Investment (Kemenko Marves).

BKF: Rencana Penerapan Pajak Ekspor Nickel Pig Iron dan

Feronikel Masih Dibahas

Reporter: Muhammad Julian | Editor:

Handoyo

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EMBAHASAN rencana penerapan kebijakan pajak ekspor untuk Nickel Pig Iron (NPI) dan Feronikel masih berlangsung. Plt. Kepala Pusat Kebijakan Pendapatan Negara Badan Kebijakan Fiskal (BKF), Pande Putu Oka mengungkapkan, saat ini pemerintah masih membahas rencana kebijakan tersebut dengan pemangku-pemangku kepentingan terkait.

“Rencana penerapan kebijakan pajak ekspor untuk Nickel Pig Iron dan Feronikel tersebut masih dalam proses pembahasan dengan stakeholders terkait dan dalam hal telah ditetapkan, Pemerintah akan segera meng- umumkannya,” ujar Pande kepada Kontan.co.id (25/1).

Sebelumnya, rencana penerapan pajak ekspor terhadap NPI dan feronikel diungkapkan oleh Kementerian Koordinator Bidang Kemaritiman dan Investasi (Kemenko Marves).

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According to the explanation from the Kemenko Marves, this policy has 2 main objectives, namely to encourage further downstream nickel and to encourage investment in nickel products with higher added value than the NPI and ferronickel.

Kontan.co.id noted that this policy discourse received support from business actors. Secretary General of the Indonesian Nickel Miners Association (APNI), Meidy Katrin Lengkey said that APNI supports the collection of export taxes for these two nickel commodities so that the state can get value added from the mineral processing industry.

Meidy explained, if the Ministry of EMR issued a Mining Business License for Special Production Operations for Processing and/or Refining (IUP OPK Olah Murni) for factories or smelters, nickel output would be subject to export duties.

However, when withdrawn to industrial products with an Industrial Business Permit (IUI), the export duty is exempted.

"In this case, what did the state get?

Nothing. We are saddened that nickel products such as nickel pig iron or ferronickel which are exported to China are subject to import duties of around 15%. We are free of charge but there they receive 15% even though they don't.

production, of course it is not fair," she told Kontan.co.id some time ago.

Similarly, the Executive Director of the Indonesian Mining Association (IMA), Djoko Widajatno considered that the export tax policy on NPI and ferronickel is a fair policy, because smelters do not pay royalties and other Non-Tax State Revenues (PNBP), while the miners are required to pay Corporate Income Tax (PPh), Value Added Tax (PPN), royalties, reclamation guarantees, and post-mining guarantees.

Menurut penjelasan Kemenko Marves, kebijakan ini memiliki 2 tujuan utama, yaitu mendorong hilirisasi nikel lebih jauh, dan mendorong investasi pada produk nikel dengan nilai tambah yang lebih tinggi dari NPI dan feronikel.

Kontan.co.id mencatat, wacana kebijakan ini mendapat dukungan dari kalangan pelaku usaha. Sekretaris Jenderal Asosiasi Penambang Nikel Indonesia (APNI), Meidy Katrin Lengkey mengatakan bahwa APNI mendukung pemungutan pajak ekspor untuk kedua komoditas nikel ini supaya negara bisa mendapatkan value added dari industri pengolahan mineral.

Meidy menerangkan, jika ditarik ke belakang pada saat dahulu Kementerian ESDM mengeluarkan Izin Usaha Pertam- bangan Operasi Produksi Khusus untuk pengolahan dan/atau pemurnian (IUP OPK Olah Murni) untuk pabrik atau smelter, output nikel dibebankan bea keluar.

Namun, pada saat ditarik ke produk perindustrian dengan Izin Usaha Industri (IUI) bea keluarnya dibebaskan.

"Dalam hal ini apa yang didapatkan negara? Tidak ada. Kami miris di mana produk nikel misalnya saja nikel pig iron atau feronikel yang diekspor ke China itu dibebankan bea masuk sekitar 15%. Masa di kita gratis tetapi di sana terima 15%

padahal mereka tidak produksi, tentu tidak fair," kata dia kepada Kontan.co.id beberapa waktu lalu.

Senada, Executive Director Indonesian Mining Association (IMA), Djoko Widajatno menilai bahwa kebijakan pajak ekspor terhadap NPI dan feronikel merupakan kebijakan yang adil, sebab smelter tidak membayar royalti dan Penerimaan Negara Bukan Pajak (PNBP) lainnya, sementara penambangnya wajib membayar Pajak Penghasilan (PPh) Badan Usaha, Pajak Pertambahan Nilai (PPN), royalti, jaminan reklamasi, serta jaminan pasca-tambang.

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"The goal is to uphold justice in fiscal policy," said Djoko as quoted from Kontan.co.id news some time ago.

"Tujuannya adalah menegakkan keadilan dalam kebijakan fiskal," ujar Djoko sebagai- mana dikutip dari pemberitaan Kontan.co.id beberapa waktu lalu.

Increase Sales Value - PTBA Downstream Coal Becomes 1.4

Million Tons of DME

By: Ahmad Nabhani

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PURRING coal sales growth amidst the price that is creeping up again, has pushed PT Bukit Asam Tbk (PTBA) to continue to increase downstreaming. It is noted that the downstream coal-to-dimethyl ether (DME) project in Muara Enim Regency, South Sumatra will convert 6 million tons of coal into 1.4 million tons of DME every year.

Director of Business Development of PT Bukit Asam Tbk, Rafli Yandra in a press release in Jakarta, yesterday said, the company hopes that with the support of the President along with relevan t ministries and institutions, the construction of the DME factory will run smoothly.

"The value of the coal downstream project into DME reaches US$ 2.1 million or equivalent to Rp. 30 trillion," he said.

Just so you know, the coal downstream project in Muara Enim is a collaboration between PT Bukit Asam Tbk, PT Pertamina Persero, and an investor from the United States, Air Products. Meanwhile, President Jokowi at the inauguration hopes to replace Liquid Petroleum Gas (LPG), which has been imported at a value of Rp 80 trillion per year.

“We have the raw material, the raw material, namely...

Tingkatkan Nilai Penjualan - PTBA Hilirisasi Batu Bara Jadi

1,4 Juta Ton DME

Oleh: Ahmad Nabhani

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ACU pertumbuhan penjualan batu bara di tengah harganya yang kembali merangkak naik, mendorong PT Bukit Asam Tbk (PTBA) terus meningkatkan hilirisasi. Tercatat proyek hilirisasi batu bara menjadi dimetil eter (DME) di Kabupaten Muara Enim, Sumatera Selatan akan mengubah 6 juta ton batu bara menjadi 1,4 juta ton DME setiap tahun.

Direktur Pengembangan Usaha PT Bukit Asam Tbk, Rafli Yandra dalam siaran persnya di Jakarta, kemarin menyampaikan, perseroan berharap dengan dukungan Presiden beserta dengan kementerian dan lembaga yang terkait, pembangunan pabrik DME ini akan berjalan dengan lancar.

“Nilai proyek hilirisasi batu bara menjadi DME mencapai US$ 2,1 juta atau setara Rp 30 triliun," ujarnya.

Asal tahu saja, proyek hilirisasi batu bara di Muara Enim merupakan kerja sama antara PT Bukit Asam Tbk, PT Pertamina Persero, dan investor asal Amerika Serikat, Air Products. Sementara Presiden Jokowi saat meresmikan berharap dapat menggantikan Liquid Petroleum Gas (LPG) yang selama ini kerap diimpor dengan nilai Rp80 triliun per tahun.

”Kita memiliki bahan bakunya, raw material-nya (bahan mentah), yaitu...

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namely coal which is converted into DME.

It's almost similar to LPG, earlier I've seen how fire from DME is for cooking, fire from LPG is for cooking, it's the same thing," said the President.

The President said that he had repeatedly conveyed the importance of downstream projects and industrialization of natural resources so that Indonesia would be able to reduce imports. Imports for LPG, said the President, annually reach Rp. 80 trillion from the demand of Rp. 100 trillion.

To be able to be consumed by the public, the government must also distribute subsidies of up to Rp. 60-70 trillion. "Are we going to continue this? Keep on importing?” he said.

Therefore, the President encourages the downstream program of natural resources in the country in order to produce value- added products that are able to meet domestic needs. "If this is done, this alone, which in Bukit Asam (PT. Bukit Asam Tbk) in collaboration with Pertamina (PT Pertamina Persero) and Air Products (Air Products & Chemicals), can reduce the subsidy from the APBN that is Rp. 7 trillion," explained the President.

If imports can continue to be reduced, said the President, the balance of goods and services recorded in the current account balance will continue to improve.

Therefore, the coal downstream project is expected to reduce gas imports. "This is what we continue to pursue. Besides being able to improve our trade balance because we don't import, we can also improve our current account balance because we don't import," said President Jokowi.

Previously, the President Director of PTBA, Asral Ismail, had said that his company prioritized meeting domestic market needs (DMO) to respond to PLN's reduced coal energy reserves. Therefore,...

yaitu batu bara yang diubah menjadi DME.

Hampir mirip dengan LPG, tadi saya sudah melihat bagaimana api dari DME untuk masak, api dari LPG untuk masak, sama saja,” ujar Presiden.

Presiden mengatakan, sudah berkali-kali dirinya menyampaikan pentingnya proyek hilirisasi dan industrialisasi sumber daya alam agar Indonesia mampu mengurangi impor. Impor untuk LPG, kata Presiden, setiap tahun mencapai Rp80 triliun dari kebutuhan yang sebesar Rp100 triliun.

Untuk bisa dikonsumsi masyarakat, pemerintah juga harus menyalurkan subsidi hingga Rp60-70 triliun. “Apakah ini mau kita teruskan? Impor terus?” ujarnya.

Karena itu, Presiden mendorong program hilirisasi sumber daya alam di dalam negeri agar dapat menghasilkan produk bernilai tambah yang mampu memenuhi kebutuhan dalam negeri. “Kalau ini dilakukan, ini saja, yang di Bukit Asam (PT.

Bukit Asam Tbk) yang kerja sama dengan Pertamina (PT Pertamina Persero) dan Air Product (Air Products & Chemicals) ini, bisa mengurangi subsidi dari APBN itu Rp7 triliun,” jelas Presiden.

Jika impor dapat terus dikurangi, kata Presiden, maka neraca barang dan jasa yang terekam dalam neraca transaksi berjalan akan terus membaik. Karena itu, proyek hilirisasi batu bara ini diharapkan dapat mengurangi impor gas. “Ini yang terus kita kejar. Selain bisa memperbaiki neraca perdagangan kita karena tidak impor, memperbaiki neraca transaksi berjalan kita juga karena tidak impor,” kata Presiden Jokowi.

Sebelumnya, Direktur Utama PTBA, Asral Ismail pernah bilang, perusahaannya memprioritaskan pemenuhan kebutuhan pasar dalam negeri (DMO) untuk merespons berkurangnya cadangan energi batu bara PLN. Oleh karena itu,...

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Therefore, the government's decision to prohibit coal exports for domestic mining companies from January 1 to January 31, 2022, according to him, must be respected by all parties because it is for the sake of maintaining national energy security.

Until now, PTBA which has operating areas in Tanjung Enim (South Sumatra), Ombilin (West Sumatra) and Tarahan (Lampung) continues to fulfill its domestic supply obligations. He estimates that in the second quarter his party will revise its coal export target to a number of countries which had previously been planned since 2021. "This is just the beginning of the year, we first fulfill what the government has assigned us. It is possible to revise the (export) target in the second quarter," said Arsal.

Oleh karena itu, adanya keputusan pemerintah yang melarang ekspor batu bara bagi perusahaan tambang di dalam negeri ter- hitung 1 Januari-31 Januari 2022, menurutnya harus dihormati semua pihak karena demi terjaganya ketahanan energi nasional.

Hingga saat ini, PTBA yang memiliki wilayah operasi di Tanjung Enim (Sumatera Selatan), di Ombilin (Sumatera Barat) dan Tarahan (Lampung) terus memenuhi kewajiban pasok dalam negeri. Dirinya memperkirakan pada triwulan II pihaknya akan merevisi target ekspor batu bara ke sejumlah negara yang sebelumnya sudah direncanakan sejak tahun 2021. ”Ini kan baru awal tahun, kami penuhi dulu apa yang ditugaskan pemerintah.

Kemungkinan revisi target (ekspor) di triwulan II,” kata Arsal.

The Ministry of EMR Anticipates a Surge in coal Demand for

Cement

Author: Newswire

T

HE MINISTRY of Energy and Mineral Resources (MEMR) anticipates an increase in coal demand for the cement industry this year.

Director General of Mineral and Coal at the Ministry of EMR, Ridwan Djamaluddin, said that his party had mapped the coal demand for the cement industry this year. This is done to anticipate supply for the industry.

"In 2021 the use of coal for the cement industry will reach 4.45 million tons. Then we mapped out that this year's demand will increase to 15.02 million tons," he said during a working meeting with Commission VII DPR, Tuesday (25/1/2022).

Kementerian ESDM Antisipasi Lonjakan Permintaan Batu Bara

untuk Semen

Author: Newswire

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EMENTERIAN Energi dan Sumber Daya Mineral (ESDM) mengantisipasi peningkatan permintaan batu bara untuk industri semen di tahun ini.

Direktur Jenderal Mineral dan Batu Bara Kementerian ESDM Ridwan Djamaluddin mengatakan bahwa pihaknya telah memetakan kebutuhan batu bara untuk industri semen di tahun ini. Hal itu dilakukan guna mengantisipasi pasokan untuk industri tersebut.

“Pada 2021 penggunaan batu bara untuk industri semen mencapai 4,45 juta ton.

Kemudian kami memetakan bahwa kebutuhan tahun ini akan meningkat hingga 15,02 juta ton,” katanya saat rapat kerja dengan Komisi VII DPR, Selasa (25/1/2022).

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He said the need for coal of up to 15.02 million tons would continue in 2023, and again increase to 16.07 million tons in 2024 and 2025.

"This is our anticipation, especially to meet the coal needs of the cement industry," he said.

He said, the Ministry of EMR always conducts supervision and evaluation to monitor the need for coal in the cement industry. The government is also committed to prioritizing the fulfillment of domestic needs compared to exports.

“We always carry out monitoring and evaluation from time to time. If there is a domestic need, then we will prioritize domestic coal needs first,” he said.

On the occasion, Ridwan also explained that the realization of coal production in 2021 was 614 million tons, lower than the initial target of 625 million tons.

Of this amount, 434 million tons were exported with a value of US$31.6 billion.

Meanwhile, the realization of the domestic market obligation (DMO) last year reached 133 million tons. Editor : Lili Sunardi

Dia menuturkan, kebutuhan batu bara hingga 15,02 juta ton akan berlanjut pada 2023, dan kembali meningkat menjadi 16,07 juta ton pada 2024 dan 2025.

“Ini adalah antisipasi kami, khususnya untuk memenuhi kebutuhan batu bara industri semen,” ujarnya.

Dia menuturkan, Kementerian ESDM selalu melakukan pengawasan dan evaluasi untuk memantau kebutuhan batu bara pada industri semen. Pemerintah pun berkomitmen untuk memprioritaskan pemenuhan kebutuhan dalam negeri dibandingkan dengan ekspor.

“Kami selalu melakukan pengawasan dan evaluasi dari waktu ke waktu. Jika ada kebutuhan di dalam negeri, maka kami akan memprioritaskan kebutuhan batu bara ini untuk dalam negeri terlebih dahulu,” ucapnya.

Dalam kesempatan tersebut, Ridwan juga memaparkan bahwa realisasi produksi batu bara pada 2021 sebesar 614 juta ton, lebih rendah dari target awal sebanyak 625 juta ton.

Dari jumlah tersebut, 434 juta ton di antaranya diekspor dengan nilai mencapai US$31,6 miliar.

Sementara itu, realisasi domestic market obligation (DMO) pada tahun lalu mencapai 133 juta ton.Editor : Lili Sunardi

RI Exports Rp 104 Billion Smelter Grade Alumina in the

Galang Batang SEZ

Ayos Carlos, CNBC Indonesia

P

RESIDENT Joko Widodo (Jokowi) released the launch of the first export of Smelter Grade Alumina (SGA) in the Galang Batang Special Economic Zone (KEK), Bintan, Riau Islands, Tuesday (25/1/

2022).

RI Ekspor Smelter Grade Alumina Rp104 M di KEK

Galang Batang

Ayos Carlos, CNBC Indonesia

P

RESIDEN Joko Widodo (Jokowi) melepas peluncuran ekspor perdana Smelter Grade Alumina (SGA) di Kawasan Ekonomi Khusus (KEK) Galang Batang, Bintan, Kepulauan Riau, Selasa (25/1/2022).

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The value of this initial export in 2022 reached Rp 104 billion with a volume of 21,001 tons. During the launch, Jokowi was accompanied by the Coordinating Minister for Economic Affairs, Airlangga Hartarto and a number of other cabinet ministers.

The Galang Batang SEZ was established by Jokowi through Government Regulation No. 42 of 2017 on October 11, 2017 and operated on December 8, 2018. SEZ Galang Batang began exporting SGA on July 2, 2021 with total exports in 2021 of 530 thousand tons worth Rp. 2.6 trillion.

"The main industry in the Galang Batang SEZ is a smelter for bauxite processing carried out by PT Bintan Alumina Indonesia (BAI) which will release the first export of Smelter Grade Alumina (SGA) in 2022 to China. Furthermore, it has also been scheduled for export to China and Malaysia," Airlangga said in a press release.

The Galang Batang SEZ is the center of the Malacca Strait choke point, adjacent to the Batam Free Trade Zone and the Philip Strait. The location of the Galang Batang SEZ has direct access to the Malacca Strait and the South China Sea. This strategic location is an advantage in creating business opportunities, so that in the future the Galang Batang SEZ is expected to be able to have an impact on the national economy through bauxite downstream, light industry, and environmentally friendly modern logistics. This is in line with the industrial downstream program.

PT Bintan Alumina Indonesia (BAI) exports SGA products which are processing from bauxite, and in the future PT BAI will develop downstreaming to aluminum ingots. For this year, PT BAI will produce 1 million tons of Smelter Grade Alumina.

Furthermore, this year the development will be completed to reach a production of 2 million tons. Meanwhile,...

Nilai dari ekspor perdana pada tahun 2022 ini mencapai Rp 104 miliar dengan volume 21.001 ton. Dalam peluncuran tersebut, Jokowi didampingi Menteri Koordinator Bidang Perekonomian, Airlangga Hartarto dan sejumlah menteri kabinet lain.

KEK Galang Batang ditetapkan Jokowi melalui PP Nomor 42 Tahun 2017 pada tanggal 11 Oktober 2017 dan beroperasi pada 8 Desember 2018. KEK Galang Batang mulai melakukan ekspor SGA pada 2 Juli 2021 dengan jumlah ekspor pada tahun 2021 sebanyak 530 ribu ton senilai Rp2,6 Triliun.

"Industri utama dalam KEK Galang Batang adalah smelter untuk pengolahan bauksit yang dilakukan oleh PT Bintan Alumina Indonesia (BAI) yang akan melepaskan ekspor perdana Smelter Grade Alumina (SGA) tahun 2022 dengan tujuan Tiongkok.

Selanjutnya, telah juga dijadwalkan untuk ekspor dengan tujuan Tiongkok dan Malaysia," ujar Airlangga dalam siaran pers.

KEK Galang Batang merupakan sentra choke point Selat Malaka, berdekatan dengan Batam Free Trade Zone dan Selat Philip.

Lokasi KEK Galang Batang mempunyai akses langsung dengan Selat Malaka dan Laut China Selatan. Lokasi strategis ini menjadi keuntungan dalam menciptakan peluang bisnis, sehingga ke depannya KEK Galang Batang diharapkan mampu memberikan dampak bagi perekonomian nasional melalui hilirisasi bauksit, industri ringan, dan logistik modern yang ramah lingkungan. Hal ini sejalan dengan program hilirisasi industri.

PT Bintan Alumina Indonesia (BAI) mengekspor produk SGA yang merupakan pengolahan dari bauksit, dan di masa yang akan datang PT BAI akan mengembangkan hilirisasi sampai aluminium ingot. Untuk tahun ini, PT BAI akan memproduksi Smelter Grade Alumina sebesar 1 juta ton. Selanjut- nya, tahun ini akan diselesaikan pengembangan untuk mencapai produksi sebanyak 2 juta ton. Sementara...

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Meanwhile, for the production of aluminum ingots, it is planned to be able to produce in 2025 with a production of 400 thousand tons per year.

"The production of smelter grade alumina and aluminum ingots in the future will accelerate the downstreaming of bauxite into aluminum ingots that are needed by the domestic industry for various types of products, such as plates, billets, scrap, and profile shapes that will be required in many industrial processes such as airplan, ships, automotive, and construction," said Airlangga.

The government encourages the downstream industry in order to create much greater added value and contribute positively to the national economy. For example, the increase in added value from bauxite to aluminum ingots is as follows:

every 6 tons of processed bauxite will produce 2 tons of SGA and every 2 tons of SGA processed will produce 1 ton of aluminum ingot.

Thus, every tonne of aluminum ingot requires 6 tons of bauxite. Moreover, calculated by value, the picture is as follows: The current price per tonne of bauxite is US$31.37, so for every 6 tons of bauxite it costs US$188.22.

This is in accordance with Jokowi's directive to accelerate the downstreaming of mining materials to create added value in the country. In addition, Indonesia will benefit from downstreaming in the form of taxes from companies, state revenues and expanding employment opportunities.

For every 2 tons of SGA produced, which will be worth US$770, there is an increase in added value from 6 tons of bauxite to 2 tons of SGA by 4 times. For every tonne of aluminum ingots produced from 2 tons of SGA, the value is US$3,174, or an increase of 4 times. So,...

Sementara untuk produksi aluminium ingot direncanakan dapat berproduksi pada tahun 2025 dengan produksi sebanyak 400 ribu ton per tahun.

"Produksi smelter grade alumina dan aluminium ingot di masa yang akan datang, akan mempercepat hilirisasi bauksit ke aluminium ingot yang diperlukan industri dalam negeri untuk berbagai jenis produk, seperti pelat, billet, scrap, dan bentuk profil yang akan diperlukan dalam banyak proses industri seperti pesawat terbang, kapal, otomotif, dan konstruksi," ujar Airlangga.

Pemerintah mendorong hilirisasi industri agar dapat menciptakan nilai tambah yang jauh lebih besar dan berkontribusi positif pada perekonomian nasional. Sebagai contoh, peningkatan nilai tambah dari bauksit sampai dengan aluminium ingot sebagai berikut: setiap 6 ton bauksit yang diolah akan menghasilkan 2 ton SGA dan setiap 2 ton SGA yang diolah akan menghasilkan 1 ton aluminium ingot.

Sehingga, setiap ton aluminium ingot mem- butuhkan 6 ton bauksit. Apalagi dihitung secara nilai, gambarannya adalah sebagai berikut: Harga per ton bauksit saat ini adalah US$31,37 maka untuk setiap 6 ton bauksit seharga US$188,22.

Hal ini sesuai dengan arahan Jokowi untuk mempercepat hilirisasi bahan tambang untuk menciptakan nilai tambah di dalam negeri. Selain itu, Indonesia akan mendapatkan manfaat dari hilirisasi berupa pajak dari perusahaan, penerimaan negara dan memperluas lapangan kerja.

Untuk setiap 2 ton SGA yang dihasilkan akan bernilai US$770, maka terjadi kenaikan nilai tambah dari 6 ton bauksit menjadi 2 ton SGA sebesar 4 kali. Untuk setiap ton alumunium ingot yang dihasilkan dari 2 ton SGA bernilai US$3.174, atau terjadi kenaikan sebesar 4 kali. Sehingga,...

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So, it can be simplified processing 6 tons of bauxite into 1 ton of aluminum ingots will provide an increase in added value of 16 times.

The Galang Batang SEZ is an example or role model in the development of areas and industries that can absorb labor and increase exports. Until the end of 2021, the total investment that has been realized is Rp. 15.7 trillion from the planned total investment of Rp. 36.25 trillion which will be fully realized in 2025.

Currently, the number of workers who have been absorbed is 3,480 people and it is expected that in 2025 the number of workers absorbed is 13 thousand people.

The development of the Galang Batang SEZ is in line with the integrated development of the Batam Bintan Karimun Region which has been prepared in the form of the Batam, Bintan and Karimun Regional Master Plans which will synergize the development of the main area so that this region is more competitive, competitive, and growing. (miq/miq)

Sehingga, dapat disederhanakan pengolahan 6 ton bauksit menjadi 1 ton aluminium ingot akan memberikan kenaikan nilai tambah sebesar 16 kali.

KEK Galang Batang merupakan salah satu contoh atau role model dalam pengembangan kawasan dan industri yang dapat menyerap tenaga kerja dan meningkatkan ekspor. Hingga akhir tahun 2021, jumlah investasi yang telah direalisasikan sebesar Rp15,7 triliun dari rencana total investasi sebesar Rp36,25 triliun yang akan direalisasikan sepenuhnya pada tahun 2025.

Saat ini, jumlah tenaga kerja yang telah terserap sebanyak 3.480 orang dan diharapkan pada tahun 2025 jumlah tenaga kerja yang terserap sebanyak 13 ribu orang.

Pengembangan KEK Galang Batang sejalan dengan pengembangan terintegrasi Kawasan Batam Bintan Karimun yang telah disusun dalam bentuk Rencana Induk Kawasan Batam, Bintan, dan Karimun yang akan mensinergikan pengembangan kawasan utama agar wilayah ini semakin kompetitif, berdaya saing, dan semakin berkembang.

(miq/miq)

A number of coal companies are aggressively conducting

downstreaming, this is the reason

Reporter: Filemon Agung | Editor: Anna Suci Perwitasari

A

NUMBER of coal companies are now starting to carry out coal downstreaming to complement the businesses that have been run previously.

Head of Corporate Communication of Adaro Energy (ADRO) Febriati Nadira said that Adaro is currently reviewing a number of downstream projects.

Sejumlah Perusahaan Batubara Gencar Lakukan Hilirisasi, Ini

Alasannya

Reporter: Filemon Agung | Editor: Anna Suci Perwitasari

S

EJUMLAH perusahaan batubara kini mulai melaksanakan hilirisasi batubara guna melengkapi bisnis yang sudah dijalankan sebelumnya.

Head of Corporate Communication Adaro Energy (ADRO) Febriati Nadira mengungkapkan, Adaro saat ini tengah mengkaji sejumlah proyek hilirisasi.

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"Adaro is studying and considering various value-adding and green business projects according to the government's plan," said Febriati to Kontan.co.id, Tuesday (25/1).

However, Febriati did not elaborate further on what projects were included in the company's study.

Kontan.co.id noted that Adaro had explored the coal gasification project to produce methanol.

Meanwhile, Director and Corporate Secretary of PT Bumi Resources Tbk (BUMI) Dileep Srivastava revealed that currently the implementation of the coal downstream project by two subsidiaries namely PT Kaltim Prima Coal (KPC) and PT Arutmin Indonesia is still continuing.

Dileep also emphasized BUMI's commit- ment to these two projects, especially the stages that will be carried out this year.

"The Bengalon project (by KPC) will be executed, while Arutmin will (complete) the final decision followed by feasibility for execution," said Dileep to Kontan.co.id, Tuesday (25/1).

Just so you know, PT Kaltim Prima Coal plans the gasification project to be commissioned in 2024 and the Arutmin Project is targeted for commissioning in 2025.

PT Kaltim Prima Coal (KPC) is working on the construction of a coal-to-methanol processing facility in Bengalon , East Kalimantan. In this project, BUMI as part of the Bakrie Group collaborates with Ithaca Group and Air Product.

KPC will act as a coal supplier for the gasification facility. The coal requirement that must be provided by KPC for the gasification project in Bengalon is around 5 million tons-6.5 million tons per year with a GAR quality of 4,200 kcal per kg. When operational, the plant can produce 1.8 million tonnes per year of methanol.

"Adaro sedang mempelajari dan mempertimbangkan berbagai proyek peningkatan nilai dan green business sesuai rencana peme- rintah," ungkap Febriati kepada Kontan.co.id, Selasa (25/1).

Kendati demikian, Febriati tak merinci lebih jauh proyek-proyek apa saja yang masuk dalam kajian perusahaan.

Kontan.co.id mencatat, Adaro sempat melakukan penjajakan untuk proyek gasifikasi batubara untuk memproduksi methanol.

Sementara itu, Direktur dan Sekretaris Perusahaan PT Bumi Resources Tbk (BUMI) Dileep Srivastava mengungkapkan, saat ini pelaksanaan proyek hilirisasi batubara oleh dua anak usaha yakni PT Kaltim Prima Coal (KPC) dan PT Arutmin Indonesia masih berlanjut.

Dileep pun menegaskan komitmen BUMI untuk kedua proyek ini khususnya tahapan yang bakal dilakukan pada tahun ini.

"Proyek Bengalon (oleh KPC) akan dieksekusi, untuk Arutmin akan (merampungkan) kepu- tusan final diikuti feasibility untuk dieksekusi,"

ungkap Dileep ke Kontan.co.id, Selasa (25/1).

Asal tahu saja, PT Kaltim Prima Coal meren- canakan proyek gasifikasi akan commissioning pada 2024 dan Proyek Arutmin ditargetkan commisioning pada 2025.

PT Kaltim Prima Coal (KPC) menggarap pembangunan fasilitas pengolahan batubara menjadi metanol di Bengalon, Kalimantan Timur. Di proyek tersebut, BUMI selaku bagian dari Grup Bakrie berkolaborasi dengan Ithaca Group dan Air Product.

KPC akan berperan sebagai pemasok batubara untuk fasilitas gasifikasi tersebut.

Kebutuhan batubara yang mesti disediakan oleh KPC untuk proyek gasifikasi di Bengalon sekitar 5 juta ton-6,5 juta ton per tahun dengan kualitas GAR 4.200 kcal per kg. Ketika beroperasi, pabrik tersebut dapat menghasilkan 1,8 juta ton per tahun metanol.

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In addition, BUMI also has a coal-to- methanol gasification project implemented by another subsidiary, PT Arutmin Indonesia. The methanol plant is located at IBT Terminal, Pulau Laut, South Kalimantan.

Just so you know, the coal needed to produce methanol there reaches 6 million tons per year with a GAR quality of 3,700 kcal per kg. This methanol plant will be able to produce 2.8 million tons of methanol per year.

Meanwhile, Head of Corporate Communi- cations of PT Indika Energy Tbk (INDY) Ricky Fernando revealed, INDY and PT Pertamina are currently still conducting a feasibility study related to coal downstreaming.

"We support the development of dimethyl ether (DME) which is contained in the General National Energy Plan (RUEN) and has been projected to be an alternative energy to replace LPG as household energy," Ricky said to Kontan, Tuesday (25/1).

Nevertheless, Ricky ensured that the implementation of coal downstreaming still needs to pay attention to the economic aspects of the project. For that, according to him, incentive support from the government is needed to boost the project's economy.

Meanwhile, Gadjah Mada University Energy Economics Observer Fahmy Radhi revealed that the cost of production of DME products in the early stages still requires subsidies so that the price is the same as the price of LPG.

"If the price of DME is more expensive (then) it is difficult to substitute," said Fahmy to Kontan.co.id, Tuesday (25/1).

Fahmy assessed that even with the installed capacity, DME products could not 100% replace LPG. This is because...

Selain itu, BUMI juga memiliki proyek gasifikasi batubara menjadi metanol yang dilaksanakan oleh anak usaha lainnya, PT Arutmin Indonesia. Pabrik metanol tersebut berlokasi di IBT Terminal, Pulau Laut, Kalimantan Selatan.

Asal tahu saja, batubara yang dibutuhkan untuk memproduksi metanol di sana mencapai 6 juta ton per tahun dengan kualitas GAR 3.700 kcal per kg. Pabrik metanol ini nantinya dapat menghasilkan metanol sebanyak 2,8 juta ton per tahun.

Sementara itu, Head of Corporate Communi- cations PT Indika Energy Tbk (INDY) Ricky Fernando mengungkapkan, INDY bersama PT Pertamina kini masih melakukan studi kelayakan terkait hilirisasi batubara.

"Kami mendukung pengembangan dimethyl ether (DME) yang tertuang dalam Rencana Umum Energi Nasional (RUEN) dan telah diproyeksikan menjadi salah satu energi alternatif pengganti LPG sebagai energi rumah tangga," ungkap Ricky kepada Kontan, Selasa (25/1).

Kendati demikian, Ricky memastikan pelaksanaan hilirisasi batubara tetap perlu memperhatikan aspek keekonomian proyek. Untuk itu, menurutnya diperlukan dukungan insentif dari pemerintah untuk mendorong keekonomian proyek.

Sementara itu, Pengamat Ekonomi Energi Universitas Gadjah Mada Fahmy Radhi mengungkapkan, harga pokok produksi dari produk DME ditahap awal masih memerlukan subsidi agar harganya sama dengan harga LPG.

"Kalau harga DME lebih mahal (maka) menyulitkan dalam substitusi," kata Fahmy kepada Kontan.co.id, Selasa (25/1).

Fahmy menilai, dengan kapasitas terpasang sekalipun, produk DME belum bisa 100% menggantikan LPG. Hal ini dikarenakan...

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This is because the development of the DME mix, electric stoves and jargas is still needed.

For this reason, Fahmy assessed that the presence of incentives and ease of doing business would be very effective in encouraging investment in DME projects.

Hal ini dikarenakan masih diperlukannya pengembangan bauran DME, kompor listrik dan jargas.

Untuk itu, Fahmy menilai kehadiran insentif serta kemudahan berusaha akan sangat efektif dalam mendorong investasi pada proyek DME.

Global Coal Prices Rise Because Indonesia Had Banned Exports

G

LOBAL coal prices have continued to climb this month. The increase could not be separated from Indonesia's policy of banning exports in the midst of limited supply.

Quoting Trading Economics, the price of coal on the ICE Newcastle (Australia) market closed at US$225.25 per metric ton (MT) on Monday (24/1).

The price was up 0.11 percent on the day and 2.5 percent on the week. Since the beginning of the year, the price of coal has soared 32.81 percent.

Last Friday, Bloomberg reported that the price of one cargo of stone for February delivery in Australia had crossed US$300 per tonne. The information was obtained from traders who viewed transactions on the globalCoal platform.

This month, the price of coal is estimated to be pushed to the highest level ever reached last October, during the coal crisis in China.

After briefly sloping down, global coal prices rose again after the Indonesian government announced an export ban as of January 1, 2022 to address the coal crisis for power plants.

Harga Batubara Global Menanjak Gara-gara RI Sempat Larang Ekspor

H

ARGA batu bara global kian menanjak sepanjang bulan ini. Kenaikan tak lepas dari kebijakan Indonesia yang sempat melarang ekspor di tengah terbatasnya pasokan.

Mengutip Trading Economics, harga batu bara di pasar ICE Newcastle (Australia) ditutup di level US$225,25 per metrik ton (MT) pada Senin (24/1).

Harganya naik 0,11 persen dalam sehari dan 2,5 persen dalam sepekan. Sejak awal tahun, harga batu bara sudah melonjak 32,81 persen.

Pada Jumat lalu, Bloomberg melaporkan harga satu kargo batu batu untuk pengiriman Februari di Australia sempat menembus US$300 per ton. Informasi itu diperoleh dari trader yang melihat transaksi pada platform globalCoal.

Bulan ini, harga batu bara diperkirakan bisa terdorong ke level tertinggi yang pernah dicapai pada Oktober lalu, saat terjadi krisis batu bara di China.

Setelah sempat melandai, harga batu bara global kembali menanjak setelah pemerintah Indonesia mengumumkan larangan ekspor per 1 Januari 2022 untuk mengatasi krisis batu bara pembangkit listrik.

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This is because Indonesia is one of the largest coal exporters.

The Minister of EMR, Arifin Tasrif, had criticized rogue coal mining entrepreneurs who did not comply with their domestic needs (DMO) obligations as the culprits behind the threat of the energy crisis.

On its way, Indonesia lifted the ban for companies listed as having complied with the DMO provisions on January 14, 2022.

In addition, the revocation also considers PLN's safe supply of coal.

In Indonesia, the Ministry of Energy and Mineral Resources (MEMR) has set the January 2022 Reference Coal Price (HBA) at US$158.5 per tonne, a decrease of US$1.29 per tonne compared to last December 2021, US$159.79 per tonne.

HBA is the price obtained from the average index of Indonesia Coal Index (ICI), Newcastle Export Index (NEX), Globalcoal Newcastle Index (GCNC), and Platt's 5900 in the previous month, with quality equivalent to 6322 kcal/kg GAR calories, Total Moisture 8 percent, Total Sulfur 0.8 percent, and Ash 15 percent.

This price is used directly in the sale and purchase of coal commodities (spot) for one month at the point of delivery of sales on a Free on Board basis on a transport vessel (FOB Vessel). (sfr/agt)

Pasalnya, Indonesia merupakan salah satu eksportir batu bara terbesar.

Menteri ESDM Arifin Tasrif sempat menyentil pengusaha tambang batu bara nakal yang tidak mematuhi kewajiban pemenuhan kebutuhan dalam negeri (DMO) sebagai biang kerok ancaman krisis energi itu.

Dalam perjalanannya, Indonesia mencabut larangan tersebut bagi perusahaan yang tercatat sudah mematuhi ketentuan DMO pada 14 Januari 2022 lalu. Selain itu, pencabutan juga mempertimbangkan pasokan batu bara PLN yang sudah aman.

Di Indonesia, Kementerian Energi dan Sumber Daya Mineral (ESDM) menetapkan Harga Batu Bara Acuan (HBA) Januari 2022 US$158,5 per ton atau turun US$1,29 per ton dibanding Desember 2021 lalu, US$159,79 per ton.

HBA merupakan harga yang diperoleh dari rata-rata indeks Indonesia Coal Index (ICI), Newcastle Export Index (NEX), Globalcoal Newcastle Index (GCNC), dan Platt's 5900 pada bulan sebelumnya, dengan kualitas yang disetarakan pada kalori 6322 kcal/kg GAR, Total Moisture 8 persen, Total Sulphur 0,8 persen, dan Ash 15 persen.

Harga tersebut digunakan secara langsung dalam jual beli komoditas batubara (spot) selama satu bulan pada titik serah penjualan secara Free on Board di atas kapal peng- angkut (FOB Vessel). (sfr/agt)

Coal Prices Rise for 3 Days in a row, This is the Trigger!

Annisa Aflaha, CNBC Indonesia

C

OAL prices rose again, bringing Indonesia's mainstay black stone to record increases for three trading days in a row.

Harga Batu Bara Naik 3 Hari Berturut-turut, Ini Pemicunya!

Annisa Aflaha, CNBC Indonesia

H

ARGA batu bara naik lagi, membawa si batu hitam andalan Indonesia ini membukukan kenaikan selama tiga hari perdagangan beruntun.

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The price of coal on the Newcastle (Australia) ICE market closed at US$

224/ton. Up 1.82% from yesterday's closing position. It was noted that earlier this week (24/1/2022), the price of coal also rose at US$220/ton, up 2.35% from the previous week.

It was noted that the price of coal touched its highest price on October 5, 2021, at US$

280/ton, the highest price since 2021.

The increase in world coal prices was triggered by an increase in electricity consumption in China's industrial sector which reached 9.1% to 5.509 billion kilowatt/hour (kWh) in 2021 when referring to National Energy Administra- tion (NEA) data released today. Electricity consumption in the housing sector is predicted to increase by 7.3% (year-on- year/yoy).

Other sentiments came from within the country. The large number of imports of Liquified Natural Gas (LPG), has become a special concern for the government and is a consideration for the presence of a coal downstream project into Dimethyl Ether (DME) in Tajung Enim, South Sumatra.

"Our LPG imports are very large, maybe Rp 80 trillion from the Rp 100 trillion needed.

The import value of Rp 80 trillion must also be subsidized so that it reaches the public because the price is also very high,"

added Jokowi.

On Monday (24/1/2022), President Jokowi accompanied by the Minister of Energy and Mineral Resources (MEMR) Arifin Tasrif held a groundbreaking for the development of the coal downstream project into DME. This development is expected to be able to create added value for domestic coal mining products.

Harga batu bara di pasar ICE Newcastle (Australia) ditutup di US$ 224/ton. Naik 1,82% dari posisi penutupan perdagangan kemarin. Tercatat, pada awal pekan ini (24/1/2022), harga batu bara juga naik di US$220/ton yang naik 2,35% dari pekan sebelumnya.

Tercatat, harga batu bara sempat menyen- tuh harga tertinggi pada 5 Oktober 2021 di US$ 280/ton, menjadi harga tertinggi sejak 2021.

Kenaikan harga batu bara dunia terjadi dipicu oleh kenaikan konsumsi listrik sektor industri China yang mencapai 9,1%

menjadi 5.509 miliar kilowatt/hour (kWh) pada 2021 jika mengacu kepada data National Energy Administration (NEA) yang dirilis hari ini. Konsumsi listrik di sektor perumahan diprediksi naik 7,3%

(year-on-year/yoy).

Sentimen lainnya datang dari dalam negeri.

Banyaknya impor Liquified Natural Gas (LPG), menjadi perhatian khusus pemerintah dan menjadi pertimbangan hadirnya proyek hilirisasi batu bara menjadi Dimethyl Ether (DME) di Tajung Enim, Sumatera Selatan.

"Impor elpiji kita sangat besar, mungkin Rp 80 triliun dari yang dibutuhkan Rp 100 triliun. Nilai impor Rp 80 triliun juga harus disubsidi agar sampai ke masyarakat karena harganya juga sangat tinggi,"

tambah Jokowi.

Pada hari Senin (24/1/2022), Presiden Jokowi didampingi Menteri Energi dan Sumber Daya Mineral (ESDM) Arifin Tasrif menggelar groundbreaking pengembangan proyek hilirisasi batubara menjadi DME.

Pengembangan ini diharapkan mampu menciptakan nilai tambah bagi produk tambang batu bara dalam negeri.

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"I ordered this since six years ago, and Alhamdulillah today we can start the coal downstream project into DME," said Jokowi in his opening remarks for the project developed by PT Bukit Batubara, PT Pertamina, and Air Product [an investor from the United States] quoted from Reuters.

In detail, the existence of the Tanjung Enim DME project will reduce LPG imports to 1 million tons/year with a DME production of 1.4 million tons/year. In addition, the DME project is able to absorb a workforce of 10,600 people in the construction phase and 8,000 people in the operation phase.

The foreign investment value is around US$ 2.1 billion by Air Products.

If foreign investment increases, then Indonesia can save foreign exchange reserves with an estimated range of Rp 9.14 trillion/year. In addition, DME has the advantage of being easy to decompose in the air so that it does not damage the ozone layer, the flame produced is more stable, and does not produce Particulate Matter (PM) and Nitrogen Oxides (NOx) pollutants.

The DME project will be completed within 30 months. This can be a positive sentiment for Indonesia, because in the future people will switch from LPG to DME, so that it will make the world coal price become high due to the high demand from domestic and abroad.

For information, the coal downstream project into DME has been designated as one of the National Strategic Projects according to Presidential Regulation Number 109 of 2020. CNBC INDONESIA RESEARCH TEAM (aaf/aaf)

"Saya pesan ini sejak enam tahun lalu, dan Alhamdulillah hari ini kita bisa memulai proyek hilirisasi batu bara menjadi DME,"

tutur Jokowi dalam sambutan pembukaan proyek yang dikembangkan PT Bukit Batubara, PT Pertamina, dan Air Product [investor asal Amerika Serikat] dikutip dari Reuters.

Secara rinci, keberadaan proyek DME Tanjung Enim akan menekan impor LPG hingga 1 juta ton/tahun dengan produksi DME 1,4 juta ton/tahun. Selain itu, proyek DME mampu menyerap tenaga kerja 10.600 orang pada tahap konstruksi dan 8.000 orang pada tahap operasi. Nilai investasi asing sekitar US$ 2,1 miliar oleh Air Product.

Jika investasi asing meningkat, maka Indonesia dapat menghemat cadangan devisa dengan perkiraan kisaran Rp 9,14 triliun/tahun. Selain itu, DME memiliki keunggulan mudah terurai di udara sehingga tidak merusak lapisan ozon, nyala api yang dihasilkan lebih stabil, dan tidak menghasilkan polutan Particulate Matter (PM) dan Nitrogen Oxides (NOx).

Proyek DME akan diselesaikan dalam waktu 30 bulan. Hal tersebut dapat menjadi sentimen positif bagi Indonesia, karena ke depannya masyarakat akan beralih dari LPG ke DME, sehingga akan membuat harga batu bara dunia pun menjadi tinggi karena banyaknya permintaan dari dalam negeri maupun luar negeri.

Sebagai informasi, proyek hilirisasi batubara menjadi DME telah ditetapkan sebagai salah satu Proyek Strategis Nasional sesuai Peraturan Presiden Nomor 109 Tahun 2020. TIM RISET CNBC INDONESIA (aaf/aaf)

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Market Waits For The Fed, Copper Prices Slump

Robertus Andrianto, CNBC Indonesia

C

OPPER prices weakened in trading today ahead of the Fed's monetary policy announcement.

On Tuesday (25/1/2021) at 15:03 WIB, the world copper price was recorded at US$ 9,673.5/ton, down 0.56% compared to yesterday's position.

Investors await the announcement of the Fed's monetary policy on Wednesday (26/1/2022) local time. Investors are worried about how many times interest rates will be raised this year and when the hikes will start.

The overheated United States (US) economy urged the Fed to immediately take policies to curb inflation. In December, US inflation hit 7% year-on- year, the highest since June 1982.

Analysts at Goldman Sachs saw the Fed say even more because of high inflation in the United States.

"Our basic prediction is that the Fed will raise rates four times in March, June, September and December. But we see the risk the Fed will want to raise rates at each meeting until inflation projections change,"

said David Mericle, economist at Goldman Sachs. to its customers quoted by CNBC International, Sunday (23/1).

Looking at the number of Fed meetings as many as 8 times this year, and if interest rates started to increase in March, it means that there is a possibility that interest rates could be raised 7 times, if you look at the risks presented by Goldman Sachs.

Pasar Tunggu The Fed, Harga Tembaga Melorot

Robertus Andrianto, CNBC Indonesia

H

ARGA tembaga melemah pada perdagang- an hari ini jelang pengumuman kebijakan moneter The Fed.

Pada Selasa (25/1/2021) pukul 15:03 WIB harga tembaga dunia tercatat US$ 9.673,5/

ton, turun 0,56% dibandingkan posisi kemarin.

Investor menanti pengumuman kebijakan moneter The Fed pada Rabu (26/1/2022) waktu setempat. Investor mencemaskan tentang berapa kali suku bunga akan dinaikkan tahun ini dan kapan kenaikan akan dimulai.

Ekonomi Amerika Serikat (AS) yang terlalu panas mendesak The Fed untuk segera meng- ambil kebijakan untuk menahan laju inflasi.

Pada bulan Desember, inflasi AS mencapai 7%

year-on-year tertinggi sejak Juni 1982.

Analis dari Goldman Sachs melihat The Fed mengatakan bahkan tidak menutup kemungkinan lebih banyak lagi akibat tingginya inflasi di Amerika Serikat.

"Prediksi dasar kami The Fed akan menaikkan suku bunga sebanyak 4 kali di bulan Maret, Juni, September dan Desember. Tetapi kami melihat risiko The Fed ingin menaikkan suku bunga di setiap pertemuan sampai proyeksi inflasi berubah," kata David Mericle, ekonom di Goldman Sachs kepada nasabahnya yang dikutip CNBC International, Minggu (23/1).

Melihat jumlah pertemuan The Fed sebanyak 8 kali pada tahun ini, dan seandainya suku bunga mulai dinaikkan bulan Maret, artinya ada kemungkinan suku bunga bisa dinaikkan sebanyak 7 kali, jika melihat risiko yang di- paparkan Goldman Sachs.

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While the market expects interest rates to rise for the first time in March. Based on CME Fedwatch data, market participants anticipate that the Fed will raise its benchmark interest rate as early as 25 bps in March 2022 with a probability of 88.7%.

A faster rate hike could cut liquidity in financial markets and slow the recovery in the economy.

When the economic recovery slows, demand for copper will also shrink. This is because copper is used by various strategic sectors in the country's economic growth.

The daily equipment, construction, infra- structure, transportation and industrial sectors are copper consumers. So the demand for copper will be sluggish, prices will follow. CNBC INDONESIA RESEARCH TEAM (ras/ras)

Sementara pasar memperkirakan suku bunga akan naik pertama kali pada bulan Maret. Berdasarkan data CME Fedwatch, pelaku pasar mengantisipasi bahwa The Fed bakal menaikkan suku bunga acuan paling cepat 25 bps pada Maret 2022 dengan probabilitas 88,7%.

Kenaikan suku bunga lebih cepat dapat memangkas likuiditas di pasar keuangan dan memperlambat pemulihan di ekonomi.

Ketika pemulihan ekonomi melambat, permintaan tembaga akan ikut menyusut.

Ini karena tembaga digunakan oleh berbagai sektor strategis dalam pertumbuhan ekonomi negara. Sektor peralatan sehari- hari, konstruksi, infrastruktur, transportasi, dan industrial adalah konsumen tembaga.

Sehingga permintaan untuk tembaga akan menjadi lesu, harga pun mengikuti. TIM RISET CNBC INDONESIA (ras/ras)

Indonesia’s coal ban sends prices soaring, other exporters fail to step up

Reuters

I

NDONESIA’s short-lived ban on exporting coal has sent ructions through the seaborne market for the fuel in Asia, with the fallout likely to last beyond the initial shortage of available cargoes.

The short-term impact of the sudden ban announced on Jan. 1 by the world’s largest exporter of the polluting fuel was to send prices for cargoes from other major shippers soaring back toward last year’s record highs.

The longer-term impact is that the key planks of being cheap and reliable, promoted by the coal industry in its battle for survival against cleaner energy alternatives, are seriously undermined.

Indonesia’s government imposed a month-long ban on Jan. 1 on coal exports in a bid to ensure sufficient domestic supplies, but by Jan. 20 restrictions were being eased with 139 companies allowed to ship the fuel overseas.

However, it’s likely that the seaborne market will be short of several million tonnes in January and February as it will take time for Indonesia’s shipments to return to more normal levels.

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The supply crunch is being exacerbated by the inability of some major exporters, such as Russia and South Africa, to boost their shipments, with only Australia likely to ship more coal in January than it did in December.

Indonesia is on track to export 17.7 million tonnes of coal in January, according to vessel- tracking and port data compiled by commodity consultants Kpler.

This will be some 43% below December’s 31.29 million tonnes and the weakest month since Kpler starting compiling data in January 2017.

Australia’s exports of all grades of coal are expected by Kpler to be around 31.29 million tonnes in January, up from December’s 29.74 million and the highest since September last year.

But much of the gain in Australia’s exports in January is likely to be for coking coal used to make steel, rather than thermal coal for power plants.

Australia’s thermal coal shipments are likely to be around 17.22 million tonnes in January, up just 380,000 tonnes from December’s 16.84 million, according to Kpler.

Russia’s coal exports are estimated at 9.70 million tonnes in January, down from 13.23 million in December, while South Africa is forecast to export 4.5 million tonnes in January, down from 5.43 million the previous month.

The shipping data makes it clear that coal supply issues extend beyond Indonesia and the other major exporters, Australia excepted, have been unable to take advantage of the shortage created by Jakarta’s ban.

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Price surge

With coal in short supply it’s not surprising that prices have rallied, with the benchmark Australian thermal coal price, the Newcastle Port Weekly Index , as assessed by commodity price reporting agency Argus, surging to $243.97 a tonne in the week to Jan. 21.

This is up 59% from the recent low of $153.10 a tonne in the week to Nov. 12, and the price is closing in on the record high of $252.72, reached in the week to Oct. 15.

There have been reports of a Newcastle cargo changing hands at more than $300 a tonne, which if confirmed would show the desperation of some buyers to secure coal.

Russian coal prices at the eastern port of Vostochny have also surged, with IHS McCloskey assessing cargoes at $233 a tonne last week, up from recent lows around $155 in mid- November.

South African thermal coal for export from Richards Bay has also gained, rising to $162.58 a tonne last week from the recent low of $125.35 at the start of 2022.

These prices are likely to moderate as Indonesian cargoes return to the market and also as the peak northern winter demand period winds down.

But high coal prices and the threat of resource nationalism, as shown by Indonesia’s sudden export ban, point to a more worrying longer term future for seaborne coal in Asia.

Price sensitive buyers such as India and the Philippines will be forced to look at alternatives to importing coal, either from producing more domestically or switching to alternatives such as renewable energy plus storage or natural gas.

Traditional buyers such as Japan and South Korea may be better placed to afford high prices, but they too will be looking at alternatives given their long-term commitments to net-zero carbon emissions.

China, the world’s biggest coal importer, will also likely seek to minimise imports by keeping domestic output at high levels and investing more in alternatives. (Editing by Stephen Coates)

China releases Aus coal from its ports

Emily Murphy

C

HINA has cleared most of the Australian coal that had been held at Chinese ports due to a coal import ban, according to Fengkuang Coal Logistics.

The data released by the General Administration of Customs of China on January 21 shows that 5.6 million tonnes of Australian coking coal that was detained in Hong Kong – including 706,000 tonnes in October, 2.67 million tonnes in November, and 2.42 million tonnes in December – has been released.

China has historically been reliant on Australian high-grade coking coal, however, in the wake of the import ban, China has turned its sights to North America.

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