TABLE OF CONTENTS. Kontan

TABLE OF CONTENTS No.. Title. Media Source. Page. 1.. Until the third quarter of 2019, Bukit Asam (PTBA) had exceeded the mandatory coal DMO quota Hingga kuartal III-2019, 2019, Bukit Asam (PTBA) telah lampaui kuota wajib DMO batubara. Kontan. 3. 2.. Luhut to the European Union about Nickel Export: Don't dictate Indonesia! Luhut ke Uni Eropa soal Ekspor Nikel: Jangan Dikte Indonesia!. DetikFinance. 4. 3.. A Number of PLTU Projects Completed, Coal Uptake for Domestic Increases Sejumlah Proyek PLTU Rampung, Serapan Batu Bara untuk Domestik Naik. Bisnis. 5. 4.. Reducing the Downward Trend in Coal Selling Prices in the Style of Bukit Asam Meredam Tren Penurunan Harga Jual Batubara Ala Bukit Asam. Investor Daily. 7. 5.. Stormed by Climate Issues, Coal Demand Forecasting Remain Stable Digempur Isu Iklim, Permintaan Batu Bara Diramal Tetap Stabil. CNBC Indonesia. 11. 6.. Positive China Industry Cannot Raise Nickel Prices Industri China Positif sitif Tidak Mampu Angkat Harga Nikel. Bisnis. 12. 7.. Bukit Asam (PTBA)-Pertamina Pertamina proposes incentives for competitive DME prices Bukit Asam (PTBA)-Pertamina Pertamina ajukan insentif untuk harga DME yang kompetitif. Kontan. 13. 8.. Sniffing out indications of nickel export violations, Coordinating Minister Luhut Involves KPK Endus Indikasi Pelanggaran Ekspor Nikel, Menko Luhut Libatkan KPK. Sindonews. 16. 9.. Erick Thohir Will Change the Directors of Inalum Subsidiaries Erick Thohir Akan Rombak Direksi Anak Usaha Inalum. CNN Indonesia. 17. IMA-Daily Update. Page 1.

10.. It Only Went up a Little Yesterday, Here's the 2020 Coal Prediction Cuma Naik Secuil Kemarin, Begini Ramalan Batu Bara 2020. CNBC Indonesia. 18. 11.. Plus Minus Government Policy to Ban Nickel Exports to the European Union Plus Minus Kebijakan Pemerintah Melarang Ekspor Nikel ke Uni Eropa. Obsession News. 20. 12.. Luhut defends nickel export ban amid a EU complaints. The Jakarta Post. 23. 13.. Metso equipment to rough up diamonds at De Beers Venetia mine. Int'l Mining. 24. 14.. Copper tapped as the next big metals trade of 2020. Mining.com. 25. 15.. Global coal demand to remain stable up to 2024 - IEA. Reuters. 27. 16.. Chinese mines: At least 14 dead in latest disaster. BBC News. 28. 17.. China Nov refined copper, lead output hit record highs - stats bureau. Reuters. 29. 18.. All that is gold glitters. Australian Mining. 29. IMA-Daily Update. Page 2.

Until the third quarter of 2019, Bukit Asam (PTBA) had exceeded the mandatory coal DMO quota. Hingga kuartal III-2019, III Bukit Asam (PTBA) telah lampaui kuota wajib DMO batubara. Reporter: Dimas Andi | Editor: Noverius Laoli. Reporter: Dimas Andi | Editor: Noverius Laoli. PT. BUKIT Asam Tbk (PTBA) is said to have fulfilled coal domestic market obligation (DMO) obligations in 2019.. PT BUKIT Asam Tbk (PTBA) disebut telah. Corporate Secretary of PT Bukit Asam Tbk, Suherman, said that until the third quarter of 2019 the state-owned owned company had realized coal production of 11.91 million tons for the purpose of this year's DMO quota.. Sekretaris Perusahaan PT Bukit Asam Tbk, Suherman, menyampaikan, sampai kuartal III-2019 2019 emiten pelat merah tersebut telah merealisasikan produksi batubara sebesar 11,91 juta ton untuk kepentingan kuota DMO tahun ini.. Suherman said, this number had fulfilled the DMO minimum quota obligation of 25% set by the government.. Suherman bilang, jumlah tersebut sudah suda memenuhi kewajiban kuota minimum DMO sebesar 25% yang ditetapkan pemerintah.. The total PTBA coal production has reached 21.6 million tons until the third quarter ago. The company is aiming for a coal production target of 28.5 million tons by the end of the year.. Adapun jumlah produksi batubara PTBA secara keseluruhan sudah mencapai 21,6 juta ton sampai kuartal tiga lalu. Perusahaan membidik target produksi batubara sebesar 28,5 juta ton n hingga akhir tahun nanti.. In an effort to meet its DMO obligations, PTBA continues to optimize the utilization of mining equipment and coal production. This issuer also ensures the readiness readi of supporting equipment and coal handling facilities. "We also do cost efficiency in all aspects of production operations," Suherman said, Tuesday (12/17).. memenuhi kewajiban domestic market obligation (DMO) batubara di tahun 2019.. Dalam usaha memenuhi kewajiban DMO, PTBA terus mengoptimalkan utilisasi alatalat alat tambang dan produksi batubara. Emiten ini juga memastikan kesiapan peralatan pendukung dan fasilitas penanganan batubara. “Kami juga lakukan efisiensi efi biaya di seluruh aspek operasional produksi,” tutur Suherman, Selasa, (17/12).. PTBA also supports the government's plan to raise the coal DMO volume target in 2020 to 155 million tons.. PTBA juga mendukung rencana pemerintah yang menaikkan target volume DMO batubara di tahun 2020 menjadi 155 juta ton.. One of the steps of the PTBA initiative so that the DMO quota in the next year is achieved is in collaboration with PT Kereta Api Indonesia (Persero).. Salah satu langkah inisiatif PTBA agar kuota DMO di tahun depan tercapai adalah bekerja sama dengan PT Kereta Api Indonesia (Persero).. IMA-Daily Update. Page 3.

This cooperation is to improve the transportation of coal from the mine to the dock or shipping port.. Kerja sama ini untuk meningkatkan pengangkutan batubara dari tambang ke dermaga atau pelabuhan pengiriman.. Not only that, the company also continues to develop the Kertapati pier pie facility in Palembang and the Tarahan port facility in Lampung so that the coal production and delivery process runs smoothly.♦ smoothly.. Tak hanya itu, perusahaan usahaan juga terus melakukan pengembangan fasilitas dermaga Kertapati di Palembang dan fasilitas pelabuhan Tarahan di Lampung agar proses produksi dan pengiriman pengi batubara berjalan lancar.♦. Luhut to the European Union about Nickel Export: Don't dictate Indonesia!. Luhut ke Uni Eropa soal Ekspor Nikel: Jangan Dikte Indonesia! Achmad Dwi Afriyadi - detikFinance. Achmad Dwi Afriyadi - detikFinance. UNI T HE. EUROPEAN Union reports on Indonesia's policy of banning nickel ore exports. The Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan claimed to be ready to fight it. He revealed this during a working visit to Tanzania, East Africa, as reported by the official fficial statement on Tuesday (12/17/ 2019). "So far, the biggest nickel ore export is 98% to China, while Europe is only 2%. So how do you say I defend China? Never any country dictates Indonesian policy," he said.. Eropa melaporkan Indonesia atas kebijakan pelarangan ekspor bijih nikel (nickel ore). Menteri Koordinator Bidang Kemaritiman timan dan Investasi Luhut Binsar Pandjaitan mengaku siap melawannya. Hal itu diungkapkannya saat melakukan kunjungan kerja ke Tanzania, Afrika Timur, dilansir dari keterangan resmi, Selasa (17/12/2019). "Selama ini ekspor nickel ore terbesar sebesar 98% kee Tiongkok, sedangkan Eropa hanya 2%. Jadi bagaimana dibilang saya bela Tiongkok? Jangan pernah negara manapun dikte kebijakan Indonesia," tegasnya.. Luhut explained, Indonesia made the policy y because it would produce nickel ore up to its derivatives such as lithium batteries needed for electric vehicles.. Luhut menerangkan, Indonesia melakukan kebijakan itu lantaran akan memproduksi nickel ore sampai turunannya seperti lithium battery yang dibutuhkan untuk kendaraan listrik.. According to him the goal was carried out for the progress of the Indonesian economy. Because not only will it add value to millions of dollars, ars, but also absorb local labor.. Menurutnya tujuan itu dilakukan demi kemajuan perekonomian RI. Sebab bukan hanya akan menghasilkan nilai tambah sampai jutaan dolar saja, namun juga menyerap tenaga kerja lokal.. IMA-Daily Update. Page 4.

Before makingg a visit to the UAE and Africa, some time ago Luhut chaired a coordination meeting related to smuggling nickel ore. The meeting was attended by the Ministry of ESDM, the Indonesian Navy, the Maritime Security Agency (Bakamla), the Corruption Eradication Commission C (KPK),, and Customs and Excise, with the result of a decision to cancel the licenses of companies that continue to export. Luhut said that the KPK would be involved in prevention. If a violation is suspected, the KPK must arrest the smugglers. "So we can do prevention programs for millions of dollars," explained Luhut. (zlf/zlf). Sebelum melakukan kunjungan ke UEA dan Afrika, beberapa waktu lalu Luhut meme mimpin rapat koordinasi terkait penyepenye lundupan nickel ore. Rapat ini dihadiri oleh Kementerian an ESDM, TNI Angkatan Laut, Bakamla, KPK, dan Bea Cukai, dengan menghasilkan keputusan akan membatalmembatal kan izin perusahaan yang tetap melakukan ekspor. Luhut menyatakan KPK akan dilibatkan untuk melakukan pencegahan. Jika memang diduga ada pelanggaran maka KPK harus menangkap pelaku penyepenye lundupan. "Jadi program pencegahan bisa kita lakukan sampai jutaan dolar," jelas Luhut. (zlf/zlf). A Number of PLTU Projects Completed, Coal Uptake for Domestic Increases. Sejumlah Proyek PLTU Rampung, Serapan Batu Bara untuk Domestik Naik. Ni Putu Eka Wiratmini. Ni Putu Eka Wiratmini. PT PLN (Persero) predicts there will be an additional capacity of steam power plants (PLTU) totaling 5,000 MW by 2020 which is included in the 35,000 MW megaproject. PLN's Strategic Procurement rement Director II, Djoko Rahardjo Abumanan, said that this year there were two additional PLTUs with a total capacity of 2,000 MW. The two plants are Java-7 7 PLTU and Java-8 Java PLTU. The Java-8 8 PLTU with a capacity of 1,000 MW has been operating commercially (commercial operation date/COD) in November 2019. Meanwhile, the Java-7 Java PLTU with a capacity of 1,000 MW has conducted COD at the beginning of December 2019.. IMA-Daily Update. PT. PLN (Persero) memprediksikan bakal ada tambahan kapasitas pembangkit listrik tenaga uap (PLTU) sebanyak total 5.000 MW pada 2020 yang masuk dalam megamega proyek 35.000 MW. Direktur Pengadaan Strategis II PLN Djoko Rahardjo Abumanan mengatakan pada tahun ini ada penambahan dua PLTU berkapasitas total 2.000 MW. Kedua pembangkit tersebut yakni PLTU jawa-7 jawa dan PLTU Jawa-8. Adapun PLTU Jawa-8 8 berkapasitas 1.000 MW telah beroperasi si komersial (commercial operation date/COD) /COD) pada November 2019. Sementara itu, PLTU Jawa-7 Jawa berkapasitas 1.000 MW telah melakukan COD pada awal Desember 2019. Page 5.

Later, PLTU operations will continue to grow. For example in 2020, there will be an additional capacity of a new PLTU of 5,000 MW.. Nantinya, pengoperasian PLTU akan terus bertambah. Misalnya pada 2020, akan ada penambahan nambahan kapasitas PLTU baru sebesar 5.000 MW.. "Major PLTUs will enter this year and in the next few years, such as the Java-7 Java PLTU and Java-8 8 PLTU, as well as the Batang PLTU in 2020. This year the total will be 2,000 MW PLTU and 5,000 MW next year," he said to Business, ness, Monday (12/16/ 2019).. “PLTU besar-besar besar akan masuk dalam tahun ini dan beberapa tahun ke depan, seperti PLTU Jawa-7 7 dan PLTU Jawa-8, Jawa begitu juga dengan PLTU Batang pada 2020. Total tahun ini masuk 2.000 MW PLTU dan tahun depan 5.000 00 MW,” katanya kepada Bisnis,, Senin (16/12/2019).. However, PLN will continue to consider the operation of new plants with the electricity needs of the community. The same thing might also be applied to new plants which will be operational in 2020 and in the following years. "It really depends on the economy, all this is seen by market conditions," he said. Djoko also believes that the additional capacity of the PLTU will hoist coal needs. Based on the 2019-2028 2028 PLN Electric Power Supply (RUPTL) Business Plan, the projected coal demand has continued to increase since 2013. Realization of coal demand in 2013 was 53.6 million tons.. Hanya saja, PLN akan tetap mempertimbangmempertimbang kan pengoperasian pembangkit baru dengan kebutuhan listrik masyarakat. Hal serupa kemungkinan juga akan diterapkan pada pembangkit baru yang akan beroperasi pada 2020 maupun tahun-tahun tahun selanjutnya.. “Ini sangat tergantung dari ekonomi, semua ini sangat dilihat kondisi pasar,” katanya. Djoko juga meyakini bahwa tambahan kapasitas PLTU itu akan mengerek kebutuhan batu bara. Berdasarkan Rencana Usaha Penyediaan Tenaga ga Listrik (RUPTL) PLN 2019-2028, 2028, proyeksi kebutuhan batu bara terus mengalami peningkatan sejak 2013. Realisasi kebutuhan batu bara pada 2013 adalah sebanyak 53,6 juta ton.. Five years later, in 2018, coal needs for steam power plants (PLTU) reached 91.1 million tons.. Lima tahun kemudian, yakni pada 2018, kebutuhan batu bara untuk pembangkit listrik k tenaga uap (PLTU) mencapai 91,1 juta ton.. This year, coal demand is projected to reach 97 million tons. ns. Meanwhile, in 2020 to 2028 the projected coal demand will reach 109 million tons to 153 million tons.. Tahun ini, kebutuhan batu bara diproyeksi akan mencapai 97 juta ton. Sementara itu, pada 2020 hingga 2028 proyeksi kebutuhan batu bara akan mencapai 109 juta ton hingga 153 juta ton.. Specifically in 2025, coal demand projection is indeed decreasing by 11 million tons from the previous year to 126 million tons due to a number of old power plants that have stopped operating. PLTU which has more than 30 years of age stop operating and will begin to be replaced by a new power plant. Editor: Lucky Leonard. IMA-Daily Update. Khusus pada 2025, proyeksi kebutuhan batu bara memang menurun sebesar 11 juta ton dari tahun sebelumnya menjadi 126 juta ton karena sejumlah PLTU lama yang berhenti beroperasi. PLTU yang telah memiliki usia lebih dari 30 tahun berhenti beroperasi dan mulai akan digantikan PLTU baru. Editor : Lucky Leonard. Page 6.

Reducing the Downward Trend in Coal Selling Prices in the Style of Bukit Asam. Meredam Tren Penurunan Harga Jual Batubara Ala Bukit Asam. Parluhutan Situmorang. Parluhutan Situmorang. COAL sales volume growth is expected to. PERTUMBUHAN volume penjualan batubara. be a cushion for PT Tambang Batubara Bukit Asam Tbk (PTBA) to reduce the downward trend in coal sales prices until next year. The increase in volume is expected to make the company the most profitable coal producer in Indonesia. donesia.. diharapkan menjadi bantalan bagi PT Tambang ambang Batubara Bukit Asam Tbk (PTBA) untuk meredam tren penurunan harga jual batubara hingga tahun depan. Kenaikan volume diharapkan membuat perseroan tetap menjadi produsen batubara yang paling menguntungkan di Indonesia.. Danareksa Sekuritas cut its Bukit Asam net profit target from Rp 4.82 trillion to Rp 4.07 trillion in 2019. While the 2020 net profit target was revised down from Rp 4.97 trillion to Rp 1.91 trillion. Likewise with the estimated net profit in 2021 cut from Rp 5.13 trillion to Rp 4.38 trillion.. Danareksa Sekuritas memangkas target perolehan laba bersih Bukit Asam dari Rp 4,82 triliun menjadi Rp 4,07 triliun pada 2019. Sedangkan target laba bersih tahun 2020 direvisi turun dari Rp 4,97 triliun menjadi Rp 1,91 triliun. Begitu juga dengan estimasi laba bersih tahun 2021 dipangkas dari Rp 5,13 triliun menjadi Rp 4,38 triliun.. The downward revision of the net profit target is in line with the cut in the company's revenue projections for 2019 and 2020. Project revenue in 2019 will be cut from Rp 22.43 trillion to Rp 21.83 trillion. Likewise with the estimated 2020 corporate income down from Rp 24.17 trillion to Rp 23.37 trillion.. Revisi turun target laba bersih tersebut sejalan dengan pemangkasan proyeksi pendapatan perseroan tahun 2019 dan 2020. Proyek pendapatan tahun 2019 dipangkas dari Rp 22,43 triliun menjadi Rp 21,83 triliun. Begitu gitu juga dengan estimasi pendapatan perseroan tahun 2020 diturunkan dari Rp 24,17 triliun menjadi Rp 23,37 triliun.. Summary of Bukit Asam's Financial Performance (in billions of Rupiah) 2017. 2018. 2019F. 2020F. 2021F. Revenue. 19,471. 21,167. 21,823. 23,375. 25,739. EBITDA. 6,569. 6,837. 5,561. 5,938. 6,387. Net profit. 4,476. 5,024. 4,070. 4,191. 4,387. PER (x). 6.3. 5.6. 6.9. 6.7. 6.4. PBV (x). 2.1. 1.8. 1.5. 1.4. 1.2. Source: Danareksa Sekuritas. IMA-Daily Update. Page 7.

However, Danareksa Sekuritas actually raised its Bukit Asam coal sales volume target in 2019 and 2020. This year's estimated sales volume is revised up from 27.3 million tons to 28.3 million tons. While the projected coal sales volume in 2020 will be increased from 30 million millio tons to 31 million tons.. Meski demikian, Danareksa Sekuritas justru menaikkan target volume penjualan batubara Bukit Asam tahun 2019 dan 2020. Perkiraan volume penjualan tahun ini direvisi naik dari 27,3 juta ton menjadi 28,3 juta ton. Sedangkan proyeksi volume penjualan batubara perseroan tahun 2020 dinaikkan dari 30 juta ton menjadi 31 juta ton.. "The cut in the company's revenue and net profit target for the next three years is influenced by the assumption of an average decline in the selling price of coal in the coming years. While the improvement in infrastructure networks orks is expected to have an impact on increasing transport volume, so that it can increase sales volume," wrote Danareksa Sekuritas analyst Stefanus Darmagiri in his research.. “Pemangkasan target pendapatan dan laba bersih perseroan untuk tiga tahun mendatang dipengaruhi atas asumsi penurunan rata-rata rata harga jual batu bara dalam beberapa tahun mendatang. Sedangkan gkan peningkatan jaringan infrastruktur diharapkan berimbas terhadap peningkatan volume angkut, sehingga bisa menaikkan volume penjualan,” tulis analis Danareksa Sekuritas Stefanus Darmagiri dalam risetnya.. Danareksa Sekuritas estimates that the potential for continued weakening of coal selling prices is influenced by the delay in stopping the use of nuclear power plants in Japan. The weakening of selling prices is also influenced by the uncertainty of the Chinese government's policy regarding coal imports.. Danareksa Sekuritas memperkirakan bahwa potensi berlanjutnya pelemahan harga jual batubara dipengaruhi atas penundaan penghentian pemanfaatkan pembangkit listrik tenaga nuklir di Jepang. Pelemahan harga jual juga dipengaruhi atas ketidakketidak pastian kebijakan pemerintah Tiongkok terkait impor batubara.. "We expect a number of these issues i to result in a decline in coal demand from Asia. This prompted us to cut our coal sales price target from US$ 80 per ton to US$ 78 per ton this year. While the 2020 coal sales price target is revised down from US$ 75 per ton to US$ 72 per ton," he explained. ex. “Kami mi memperkirakan sejumlah isu tersebut mengakibatkan penurunan permintaan batubatu bara dari Asia. Hal ini mendorong kami untuk memangkas target harga jual batubara dari US$ 80 per ton menjadi US$ 78 per ton tahun ini. Sedangkan target harga jual batubara tahun n 2020 direvisi turun dari US$ 75 per ton menjadi US$ 72 per ton,” terangnya.. Cutting the financial performance target pushed Danareksa Sekuritas to revise PTBA's share price target down from Rp 4,400 to Rp 3,700 per share. PTBA shares are still recommended to buy with an estimated PE in 2020 around 9.9 times.. Pemangkasan target kinerja keuangan terter sebut mendorong Danareksa Sekuritas untuk merevisi turun target harga saham PTBA dari Rp 4.400 menjadi Rp 3.700 per saham. Saham PTBA tetap ap direkomendasikan beli dengan perkiraan PE tahun 2020 sekitar 9,9 kali.. Previously, Bukit ukit Asam Suherman's Corporate Secretary said, the company allocated capital expenditure (capex) of Rp 4 trillion in 2020. This fund will be used to.... Sebelumnya, Sekretaris Perusahaan Bukit Asam Suherman mengatakan, perseroan mengalokasikan belanja modal (capital expenditure/capex) sebesar Rp 4 triliun pada 2020. Dana ini akan digunakan di untuk.... IMA-Daily Update. Page 8.

This fund will be used to support coal production and sales next year of 30 million tons.. Dana ini akan digunakan untuk mendukung produksi dan penjualan batubara tahun depan sebesar 30 juta ton.. According to him, the company plans to use capital expenditure for a number of projects. Suherman revealed, next year, the company will project coal gasification, coal transportation development and South Sumatra PLTU-8. 8. "Capital expenditure will also be used for investment in subsidiaries and other developments," he explained.. Menurut dia, perseroan berencana mengmeng gunakan kan belanja modal untuk sejumlah proyek. Suherman mengungkapkan, pada tahun depan, perseroan akan proyek gasifikasi batubara, pengembangan angkutan batubara dan PLTU Sumsel-8. Sumsel "Belanja modal juga akan digunakan untuk investasi di anak perusahaan dan pengembangan pengem yang lain," jelasnya.. While this year, Bukit Asam is in the process of developing two steam power powe plant (PLTU) projects in the Muara Enim and East Halmahera regions. The two projects have an investment of US$ 2.03 billion. Suherman explained, the first PLTU being built was the South Sumatra Mine Mouth 8 PLTU in Muara Enim. This PLTU was built by PT Huadian uadian Bukit Asam Power (HBAP) which is a Bukit Asam consortium with China Huadian Hongkong Company Ltd. This project requires an investment of US$ 1.68 billion funded by Exim Bank of China. "The construction of this PLTU has started since June 2018 which takes 42 months for Unit I and 45 months for Unit II. Commercial operation date (COD) is targeted in 2021 for Unit I and for Unit II in 2022," he said. In addition, Bukit Asam is also collaborating with PT Antam Tbk (ANTM) to build the Feni PLTU in East Halmahera. This power plant project has a 3 × 60 MW power plant capacity and a 3x17 MW Diesel Power Plant (PLTD). So far, the power plant has finished underunder going a feasibility study. Furthermore, urthermore, a joint venture company will be formed between Bukit Asam and Antam to build the power plant.. IMA-Daily Update. Sedangkan tahun ini, Bukit Asam sedang memproses pembangunan dua proyek pembangkit listrik tenaga uap (PLTU) di kawasan Muara Enim dan Halmahera Timur. Kedua proyek tersebut menelan investasi sebesar US$ 2,03 miliar. Suherman menjelaskan, PLTU pertama yang sedang dibangun adalah PLTU Mulut Tambang Sumsel 8 di Muara Enim. PLTU ini dibangun oleh PT Huadian Bukit Asam Power (HBAP) yang merupakan konsorsium Bukit Asam dengan China Huadian Hongkong Company Ltd. Proyek ini menelan investasi nvestasi sebesar US$ 1,68 miliar yang didanai oleh Exim Bank of China. "Konstruksi PLTU ini telah dimulai sejak Juni 2018 yang memerlukan waktu 42 bulan untuk Unit I dan 45 bulan untuk Unit II. Commercial operation date (COD) ditargetditarget kan pada 2021 untuk Unit I dan untuk unit II pada 2022," ujar dia. Selain itu, Bukit Asam juga bekerjasama dengan PT Antam Tbk (ANTM) untuk membangun PLTU Feni di Halmahera Timur. Proyek pembangkit listrik ini memiliki kapasitas PLTU 3×60 MW dan Pembangkit Listrik Tenaga Diesel sel (PLTD) 3x17 MW. Sejauh ini, pembangkit listrik tersebut sudah selesai menjalani feasibility study. SelanjutSelanjut nya akan dibentuk joint venture company antara Bukit Asam dengan Antam untuk membangun pembangkit listrik tersebut. Page 9.

"This PLTU project requires an investment of US$ 350 million, with funding from the banking sector," he said.. "Proyek PLTU ini menelan enelan investasi US$ 350 juta yang pendanaannya bisa dari perbankan," ucap dia.. Bukit Asam Management previously also mentioned that the company has pocketed funds totaling Rp 2.17 trillion from the sale of 649.98 million treasury stocks during the period 2 April-4 4 December 2019. The average sales of treasury stock amounted to Rp 3,347 per share.. Manajemen Bukit Asam sebelumnya juga menyebutkan bahwa perseroan telah mengantongi dana senilai total Rp 2,17 triliun dari penjualan sebanyak 649,98 juta saham simpanan (treasury (treas stock) selama periode 2 April-4 4 Desember 2019. Rata-rata Rata penjualan treasury stock tersebut sebesar Rp 3.347 per saham.. Suherman said the company had released treasury shares three times this year. The first phase on 2 April 2019 was 63.17 million shares, followed by the release of 490.72 million shares on 8 May 2019, and the latest 96.09 million shares on 4 December 2019. For the last action, the release price was Rp 2,500 per share.. Suherman mengatakan, perseroan telah melepas saham treasury sebanyak tiga kali sepanjang tahun ini. Tahap pertama pada 2 April 2019 sebanyak 63,17 juta saham, disusul pelepasan 490,72 juta saham pada 8 Mei 2019, dan terbaru 96,09 juta saham pada 4 Desember 2019. Untuk aksi yang terakhir, harga pelepasan sebesar Rp 2.500 per saham.. "The selling price is the closing price the day before the trading date, where this price is not lower than Rp 2,436 per share, or the average closing price for the last 90 days before the sale date," Suherman explained in an official statement on Thursday (12/5).. “Harga jual tersebut merupakan harga penutupan sehari sebelum tanggal perdaperda gangan, dimana harga ini tidak lebih rendah dari Rp 2.436 per saham, atau harga ratarata rata penutupan selama 90 hari terakhir sebelum tanggal penjualan,” jelas Suherman dalam keterangan resmi, Kamis (5/12).. In the latest sale, Bukit Asam raised funds of Rp 240.23 billion. The parties that becamee treasury stock buyers were PT BNI Sekuritas and PT Danareksa Sekuritas.. Pada penjualan teranyar, Bukit Buk Asam menghimpun dana sebesar Rp 240,23 miliar. Pihak yang menjadi pembeli treasury stock adalah PT BNI Sekuritas dan PT Danareksa Sekuritas.. After this action, continued Suherman, the company still had a remaining treasury stock of 330.29 million shares or 2.89% of the total issued and fully paid shares.. Setelah aksi ini, lanjut Suherman, perseroan masih memiliki sisa treasury stock sejumlah 330,29 juta saham atau setara 2,89% dari seluruh total saham yang telah ditempatkan dan disetor penuh.. For information, these shares are the result of buybacks conducted by the company three times, including 21 May 2012 to 23 May 2013 in the first phase, 4 NovemberNovember 13 December 2013 in the second stage, and 2 September-1 1 December 2015 in the third stage.♦. IMA-Daily Update. Sebagai informasi, saham-saham saham ini merupakan hasil buyback yang dilakukan perseroan sebanyak tiga kali, antara lain 21 Mei 2012 hingga 23 Mei 2013 di tahap pertama, 4 November-13 13 Desember 2013 di tahap kedua, dan 2 September-1 September Desember 2015 di tahap ketiga.♦ ♦ Page 10.

Stormed by Climate Issues, Coal Demand Forecasting Remain Stable. Digempur Isu Iklim, Permintaan Batu Bara Diramal Tetap Stabil. Rehia Sebayang, CNBC Indonesia. Rehia Sebayang, CNBC Indonesia. A COOL breeze seems to blow into the coal. ANGIN. industry. Although the climate change narrative has been intensively intensified, coal demand will remain stable over the next four years.. sejuk nampaknya nampak berhembus ke industri batu bara. Meski gencar dicecar narasi perubahan iklim, permintaan batu bara akan tetap stabil selama empat tahun ke depan.. This was stated by the International Energy Agency (IAE), Tuesday (12/17/ 2019). Moreover,, coal is the main energy source in Southeast Asia.. Hal ini diutarakan International Energy Agency (IAE), Selasa (17/12/2019). Apalagi batu bara merupakan sumber energi utama di Asia Tenggara.. "Global coal demand has rebounded since 2017," the agency wrote in a report published by AFP.. "Permintaan batu bara global rebound sejak 2017," tulis lembaga ini dalam laporannya yang dimuat AFP.. "Although there is a possibility of a decline in 2019, we expect coal to remain stable until 2024.". "Walaupun ada kemungkinan penurunan di 2019, kita memperkirakan batu bara akan tetap stabil abil sampai 2024.". Coal is thee primary energy used for electrification. Coal is also often used for a number of industries including cement and steel.. Batu bara merupakan energi primer yang digunakan untuk elektrifikasi. Batu bara juga kerap dipakai untuk sejumlah industri antara lain semen dan baja.. Besides Southeast Asia, the use of coal in other Asian regions is also seen to be increasing. Especially China and India which are not only producers but also coal users.. Selain Asia Tenggara, penggunaan batu bara di kawasan Asia lainnya juga terlihat meningkat. gkat. Terutama China dan India yang bukan hanya produser tapi juga pengguna batu bara.. "Coal-fired fired power plants in Asia are still relatively young, averaging 12 years. So they can still be used for years," said IEA Director Fatih Birol.. "Pembangkit listrik batu bara di Asia masih tergolong muda, rata-rata rata 12 tahunan. jadi mereka masih bisa gunakan bertahunbertahun tahun," kata Direktur IEA Fatih Birol.. Therefore he asked countries to implement carbon capture and storage (CCUS) technology. Although expensive, this technology can help Asian countries achieve their mission of climate change and create cleaner air.. Karenanya ya ia meminta negara-negara negara menerapkan teknologi carbon capture and storage (CCUS). Meski mahal, teknologi ini bisa membantu negara Asia mencapai misi perubahan iklim dan menciptakan udara yang lebih bersih.. IMA-Daily Update. Page 11.

Europe and the United States (US) are not very dependent on this fossil energy source. (sef/sef). Eropa dan Amerika Serikat (AS) tidak terlalu bergantung pada sumber energi fosil ini. (sef/sef). Positive China Industry Cannot Raise Nickel Prices. Industri China Positif Tidak Mampu Angkat Harga Nikel. Finna U. Ulfah. Finna U. Ulfah. N ICKEL. moved down amid surging London stockpiles as investors were assessing the impact of a partial US and China trade agreement and successfully released Chinese industrial results were better than expected.. N IKEL. Based on Bloomberg data, on Monday M (12/16/2019) up to 18.36 West Indonesia Time, nickel prices on the London exchange fell 0.18% to US$ 14,187 per ton.. Berdasarkan data Bloomberg, pada perdagangan gangan Senin (16/12/2019) hingga pukul 18.36 WIB, harga nikel di bursa London melemah 0,18% menjadi US$ 14.187 per ton.. Guangzhou Futures Co. analyst Song Minjia said that in the last quarter of this year there were many nickel pig iron or NPI factories in China and Indonesia starting to operate while demand could barely keep up with supply. "In addition, LME inventories soared that the outlook for nickel turned bearish in the medium to long term," Song Minjia said as quoted by Bloomberg, Monday (12/16/ 2019). Quoting Bloomberg, nickel inventories on the London exchange rose to 123,228 tons on December 13, 2019 compared with 68,886 tons in the previous week. Meanwhile, the metal used in the manufacture of stainless steel and raw materials for electric car battery vehicles has depreciated into the IV/2019 quarter as supply signals began to flood the market.. IMA-Daily Update. bergerak menurun di tengah lonjakan stok London seiring dengan investor tengah menilai dampak kesekese pakatan perdagangan AS dan China parsial dan hasil industri China yang berhasil dirilis lebih baik daripada perkiraan.. Analis Guangzhou Futures Co Song Minjia mengatakan bahwa pada kuartal terakhir tahun ini terdapat banyak pabrik nikel pig iron atau NPI di China dan Indonesia mulai beroperasi sedangkan permintaan hampir tidak dapat mengikuti laju pasokan. “Selain itu, persediaan LME melonjak sehingga pandangan nikel berubah bearish dalam jangka menengah-panjang,” menengah ujar Song Minjia seperti dikutip Bloomberg, Senin (16/12/2019). Mengutip Bloomberg,, persediaan nikel di bursa London naik menjadi 123.228 ton pada 13 Desember 2019 dibandingkan dengan 68.886 ton pada pekan sebelumnya. Adapun, logam yang digunakan dalam pembuatan stainless steel dan bahan baku baterai erai kendaraan mobil listrik telah terdepresiasi memasuki kuartal IV/2019 seiring dengan sinyal pasokan mulai memmem banjiri pasar. Page 12.

In fact, since the beginning of the year nickel has succeeded in becoming one of the metals with the best strengthening performance ance by rising 32.25% due to supply pressures. The pressure mainly originated from Indonesia's ban on nickel ore export policies which was advanced two years earlier than planned, namely in early 2020. On the other hand, based on Chinese Bureau of Statistics data, industrial output rose 6.2% compared to the previous year. Not only that, retail sales increased by 8% compared to the market projection of 7.6%. The reasonably good growth rate has become a positive sentiment for nickel because the economic ic growth of the world's largest nickel consumer, China, has begun to show a recovery that can be a stimulus for nickel demand. However, investors are also questioning the extent of the phase-one phase trade agreement towards the settlement of friction that has shaken the market over the past year, limiting the movement of nickel amid prospects for improving demand. Editor: M. Taufikul Basari. Padahal, sejak awal tahun nikel berhasil menjadi salah satu logam dengan kinerja penguatan terbaik dengan naik 32,25% akibat at tekanan pasokan. Tekanan tersebut terutama berasal dari kebijakan larangan ekspor bijih nikel oleh Indonesia yang dimajukan dua tahun lebih awal dari rencana, yaitu pada awal 2020. Di sisi lain, berdasarkan data Biro Statistik China, output industri naik nai 6,2% dibandingkan dengan tahun sebelumnya. Tidak hanya itu, penjualan ritel meningkat 8% dibandingkan dengan proyeksi pasar sebesar 7,6%. Angka pertumbuhan yang cukup baik tersebut menjadi sentimen positif bagi nikel karena pertumbuhan ekonomi konsumen nikel ikel terbesar dunia, China, mulai menunjukkan pemulihan yang dapat menjadi stimulus permintaan nikel. Namun, investor juga tengah mempermemper tanyakan sejauh mana kesepakatan perdaperda gangan fase-satu satu menuju penyelesaian friksi yang telah mengguncang pasar selama setahun terakhir sehingga memmem batasi pergerakan nikel di tengah prospek membaiknya permintaan. Editor : M. Taufikul Basari. Bukit Asam (PTBA)-Pertamina Pertamina proposes incentives for competitive DME prices price. Bukit Asam (PTBA)-Pertamina (PTBA) ajukan insentif untuk harga DME yang kompetitif. Reporter: Filemon Agung | Editor: Yudho Winarto. Reporter: Filemon Agung | Editor: Yudho Winarto. PT. BUKIT Asam Tbk (PTBA) and PT Pertamina (Persero) continue to work on coal gasification projects as a substitution to reduce the use and import of Liquified Petroleum Gas (LPG). IMA-Daily Update. PT. BUKIT Asam Tbk (PTBA) dan PT Pertamina (Persero) terus mengupayakan proyek gasifikasi batubara sebagai substitusi untuk mengurangi penggunaan pengguna dan impor Liquified Petroleum Gas (LPG). Page 13.

Corporate Secretary of PT Bukit Asam Tbk Suherman said the two parties had completed a feasibility study for two project sites namely Peranap and Tanjung Enim. "We are in the process of filing incentives from the government," Suherman told Kontan.co.id, Tuesday (17/12). This effort is deemed necessary in order to obtain the price of dimethylether (DME) products that compete with LPG prices. Suherman continued, at the same time, the two parties were also evaluating the economic calculation of the price of DME products. Once completed, the coal gasification project can proceed to the Detail Engineering Design and Procurement Construction Engineering stages. The EPC stage itself is targeted to be completed in 2024. In addition to submitting incentives and economic calculations, Suherman said, PTBA and Pertamina also expected regulatory support for the smooth running of the project. "Regulatory support includes royalties on coal raw materials," explained Suherman. Still according to Suherman, determining the location of the coal gasification project in Peranap still requires further study. This is based on consideration of the efficiency of coal raw materials and the readiness of infrastructure including product transportation infrastructure. Meanwhile, the project location in Tanjung Enim continues to run according to the plan. Suherman added, all parties sought to implement Front End Engineering Design (FEED) in 2020. "The Feasibility Study has been completed at the end of the first semester of 2019, the factory FEED is being pursued in 2020," said Suherman. IMA-Daily Update. Sekretaris Perusahaan PT Bukit Asam Tbk Suherman bilang kedua belah pihak telah merampungkan studi kelayakan untuk dua lokasi proyek yakni Peranap dan Tanjung Enim. "Kita sedang proses pengajuan insentif dari pemerintah," kata Suherman kepada Kontan.co.id,, Selasa (17/12). Upaya ini dinilai perlu dilakukan demi memperoleh harga produk dimethylether (DME) yang bersaing dengan harga LPG. Suherman melanjutkan, di saat bersamaan, kedua pihak juga tengah mengevaluasi perhitungan keekonomian harga produk DME. Jika telah rampung, barulah proyek gasifikasi batubara dapat dilanjutkan ke tahap Detail Engineering Design dan Engineering Procurement Construction. Construction Tahapan EPC sendiri ditargetkan dapat rampung pada 2024 mendatang. Selain pengajuan insentif dan perhitungan perhitun keekonomian, Suherman menyebutkan, PTBA dan Pertamina juga mengharapkan dukungan regulasi demi kelancaran proyek. "Dukungan regulasi meliputi tarif royalti bahan baku batubara," terang Suherman. Masih menurut Suherman, penetapan lokasi proyek gasifikasi gasifik batubara di Peranap masih memerlukan kajian lanjutan. Hal ini didasarkan pada pertimpertim bangan efisiensi bahan baku batubara dan kesiapan infrastruktur termasuk prasarana transportasi produk. Sementara itu, lokasi proyek di Tanjung Enim tetap berjalan sesuai se rencana yang ada. Suherman menambahkan, semua pihak berupaya melaksanakan Front End Engineering Design (FEED) di tahun 2020 mendatang. "Feasibility Study sudah selesai pada akhir semester I 2019, tengah diupayakan FEED pabrik di 2020," kata Suherman. Page 14.

As is known, there are two gasification projects developed by PTBA and Pertamina. Ie, projects located in Tanjung Enim and Peranap.. Seperti diketahui, ada dua proyek gasifikasi yang dikembangkan oleh PTBA dan Pertamina. Yakni proyek yang berber lokasi di Tanjung Enim dan Peranap.. In Tanjung Enim, PTBA and Pertamina partnered with PT Pupuk Indonesia and PT Chandra Asri Petrochemical to produce urea, DME and polypropylene.. Di Tanjung Enim, PTBA bersama Pertamina bermitra dengan PT Pupuk Indonesia dan PT Chandra Asri Petrochemical cal untuk memproduksi urea, DME dan polypropylene.. The coal gasification plant is planned to start operating in November 2022 and is expected to be able to meet the market needs of 500,000 tons of urea per year, 400,000 tons of DME per year, and 450,000 tons of polypropylene per year. While the need for coal as raw material is estimated at around 5.2 million tons per year. Second, in Peranap, Riau. Here, PTBA and Pertamina collaborate with a company from the United States, Air Products and Chemicals Inc. The products produced are DME and an synthetic natural gas (SNG). The gasification plant in Pranap is expected to start operating in 2022 with a factory capacity of 400 thousand tons of DME per year, and 50 mmscfd of SNG. Most recently, President Joko Widodo alluded to the matter of coal gasification in the opening of the National Development Planning Conference (Musrenbangnas) at the State Palace. "Coal can be substituted into gas so there is no need to import LPG. Because it can be made from our abundant coal," Jokowi said, Monday (16/12).♦. IMA-Daily Update. Pabrik gasifikasi batubara ini direncanadirencana kan mulai beroperasi pada November 2022 dan diharapkan akan mampu memenuhi kebutuhan pasar sebesar 500.000 ton urea per tahun, 400.000 ton DME per tahun, dan 450.000 450.0 ton polipropilen per tahun. Sementara kebutuhan batubara sebagai bahan baku diperkirakan sekitar 5,2 juta ton per tahun. Kedua, di Peranap, Riau. Di sini, PTBA dan Pertamina bekerjasama dengan perper usahaan asal Amerika Serikat, Air Products and Chemicals Inc. Produk yang dihasilkan adalah DME dan syntheticnatural gas (SNG). Pabrik gasifikasi di Pranap ini diharapkan dapat mulai beroperasi pada tahun 2022 dengan kapasitas pabrik sebesar 400 ribu ton DME per tahun, dan 50 mmscfd SNG. Yang terbaru, Presiden Joko Widodo menyinggung soal gasifikasi batubara dalam pembukaan Musyawarah Rencana Pembangunan Nasional (Musrenbangnas) di Istana Negara. "Batubara bisa disubstitusi menjadi gas sehingga tidak perlu lu impor LPG. Karena bisa dibuat dari batubara kita yang melimpah," kata Jokowi, Senin (16/12).♦ (16/12).. Page 15.

Sniffing out indications of nickel export violations, Coordinating Minister Luhut Involves KPK. Endus Indikasi Pelanggaran Ekspor Nikel, Menko Luhut Libatkan KPK. Rina Anggraeni. Rina Anggraeni. T HE. COORDINATING Minister for Maritime and Investment Luhut B. Pandjaitan said that the KPK was involved in prevention, if indeed a violation was suspected, the KPK must arrest the smugglers. In addition, the TNI and the Director General of Customs and Excise were also involved to prevent pre nickel exports, based on reports of nickel exports in quantities and levels exceeding those set by the government.. MENTERI. "So we can do prevention programs for millions of dollars. And I involve the KPK to take part in prevention, and at the same time be ablee to take action if necessary," said Coordinating Minister Luhut.. “Jadi program pencegahan bisa kita lakukan sampai jutaan dolar. Dan saya ikutkan KPK supaya ikut dalam pencegahan, sekaligus bisa melakukan penindakan kalau itu diperlukan,” ujar Menko Luhut.. The Coordinating Minister's policy is based on reports of nickel exports in quantities and levels exceeding those set by the government. The KPK and all related parties are relevant to be included cluded because the violations above can lead to state losses.. Kebijakan Menko ini didasarkan pada laporan terjadinya ekspor nikel dalam jumlah dan kadar melebihi yang telah ditetapkan pemerintah. KPK dan semua pihak terkait menjadi relevan untuk u diikutsertakan karena pelanggaran di atas dapat berujung pada kerugian negara.. "Because of the reports that we receive, usually exports 30 ships in one month, now almost 130 ships (per month). This is a very massive number and it has the potential to harm the country. If the t KPK finds manipulations that from levels below 1.7% that he reports, it turns out (in fact) he sends (nickel) with levels of more than 1.7%, it is already detrimental to the country. How much is the price difference of 1.7% with the price of 1.8% or more mor and exceeds the specified quota," explained Coordinating Minister Luhut.. “Karena laporan yang kita terima biasanya ekspor 1 bulan itu 30 kapal, sekarang sudah hampir 130 kapal (per bulan). Ini angka yang sangat masif dan itu berpotensi merugikan n negara. Kalau KPK menemukan manipulasi bahwa dari kadar di bawah 1,7% yang dia laporkan ternyata (kenyataannya) dia kirim (nikel) dengan kadar lebih dari 1,7%, itu kan sudah merugikan negara. Berapa selisih harganya dia yang kadar 1,7% dengan harga yang 1,8% atau lebih tadi dan melebihi kuota yang ditentukan,” jelas Menko Luhut.. IMA-Daily Update. Koordinator (Menko) Bidang Kemaritiman dan Investasi Luhut B. Pandjaitan menyatakan KPK dilibatkan untuk melakukan pencegahan, jika memang diduga ada pelanggaran maka KPK harus menangkap pelaku penyelundupan. Selain itu dilibatkan juga TNI serta Dirjen Bea dan Cukai untuk mencegah cegah adanya ekspor nikel, didasarkan pada laporan terjadinya ekspor nikel dalam jumlah dan kadar melebihi yang telah ditetapkan pemerintah.. Page 16.

Not only the KPK, but all related the ministries/institutions are coordinated by the Coordinating Minister for Maritime and Investment. "All we checked because it was found there were indications of a large diversion. Therefore we involve the KPK, we involve the Navy, Bakamla, and the Ministry of Transportation, because bec there is a lot at sea to handle it. The integrated meeting had previously been attended by the Minister of ESDM,, the Minister of Transportation, the Navy, BKPM, Bakamla, Customs, the Minister of Trade, and the KPK," explained Coordinating Minister Luhut. (akr). Tidak hanya KPK, tapi semua K/L terkait dikoordinasikan oleh Menko Maritim dan Investasi tersebut. “Semua kita periksa karena ternyata ditemukan ada indikasi penyelewengan yang besar. Oleh karena itu kita libatkan KPK, kita libatkan TNI-AL, TNI Bakamla, la, dan Kementerian Perhubungan karena itu banyak di laut untuk menangani ini. Rapat terpadu sebelumnya sudah juga dihadiri oleh Menteri ESDM, Menteri Perhubungan, TNI-AL, AL, BKPM, Bakamla, Bea Cukai, Menteri Perdagangan, dan KPK,” jelas Menko Luhut. (akr). Erick Thohir Will Change the Directors of Inalum Subsidiaries. Erick Thohir Akan Rombak Direksi Anak Usaha Inalum. T HE. MINISTRY of State-Owned State Enterprises (SOEs) will overhaul the board of directors and commissioners of a subsidiary of PT Inalum (Persero) Tbk or a company included in the mining holding. The reshuffle is done to provide a refresher on the company's organizational structure. "Theree will be a change in management, this just needs to be refreshed," said Special Staff of the Ministry of SOEs Arya Sinulingga, Tuesday (12/17). However, Arya did not mention the details of which Inalum subsidiaries will undergo changes in directors and commissioners. He was also reluctant to divulge when the extraordinary general meeting of shareshare holders (EGMS) will be held. "Later I will answer, basically there are changes," said Arya.. IMA-Daily Update. K EMENTERIAN. Badan Usaha Milik Bad Negara (BUMN)) bakal merombak jajaran direksi dan komisaris anak usaha PT Inalum (Persero) Tbk atau perusahaan yang masuk dalam holding pertambangan. Perombakan dilakukan untuk memberikan penyegaran pada struktur organisasi perusahaan. "Nanti ada perubahan kepengurusan, ini perlu penyegaran saja," ucap Staf Khusus Kementerian BUMN Arya Sinulingga, Selasa (17/12). Hanya saja, Arya tak menyebut detail anak usaha Inalum mana saja yang akan mengmeng alami perubahan direksi dan komisaris. Ia juga enggan membocorkan kapan rapat umum pemegang saham luar biasa (RUPSLB) akan dilakukan. "Nanti saya jawab, awab, nanti saya pokoknya ada perubahan lah," tutur Arya.. Page 17.

It is known, a number of companies are included in mining holding. These companies include PT Aneka Tambang Tbk, PT Bukit Asam Tbk, PT Timah, and PT Freeport Indonesia (PTFI).. Diketahui, sejumlah perusahaan yang masuk dalam holding pertambangan. Perusahaan tersebut antara lain, la PT Aneka Tambang Tbk, PT Bukit Asam Tbk, PT Timah, dan PT Freeport Indonesia (PTFI).. rhaul in a number of In addition to an overhaul companies affiliated with Inalum, the Ministry of SOEs will also change the composition of directors at PT KAI (Persero). Changes were made to hoist the company's performance.. Selain perombakan di sejumlah perusahaan yang berafilisiasi dengan Inalum, Kementerian BUMN juga akan mengubah susunan direksi di PT KAI (Persero). Perubahan dilakukan guna mengerek kinerja perusahaan.. Arya said this change in position would adjust the background nd of each director. Thus, business operations can be optimized in the future.. Arya bilang perubahan posisi ini akan menyesuaikan latar belakang dari masingmasing masing direksi. Dengan demikian, operasional bisniss bisa lebih optimal ke depannya.. "So only a new placement, puts people in the right position," said Arya. The government has recently changed the composition of directors and commissioners of a number of state-owned state companies. Some BUMNs that have experienced changes, namely PT Pertamina (Persero), PT BTN (Persero) Tbk, and PT Bank Mandiri (Persero) Tbk.. "Jadi penempatan baru saja, menempatkan orang pada posisi yang benar," kata Arya.. (aud/agt). Beberapa waktu terakhir pemerintah memang sedang mengubah susunan direksi dan komisaris sejumlah perusahaan pelat merah. Beberapa BUMN yang sudah mengalami perubahan, yakni PT Pertamina (Persero), PT BTN (Persero) Tbk, dan PT Bank Mandiri (Persero) Tbk. (aud/agt). It Only Went up a Little Yesterday, Here's the 2020 Coal Prediction. Cuma Naik Secuil Kemarin, Begini Ramalan Batu Bara 2020. Tirta Citradi, CNBC Indonesia. Tirta Citradi, CNBC Indonesia. YESTERDAY,, coal commodity prices closed. KEMARIN,, harga komoditas batu bara ditutup ditutu. slightly higher. But since the third week of November the price of coal is actually still in a correction trend and has not risen.. menguat tipis. Namun sejak minggu ketiga bulan November harga batu bara sebenarnya masih dalam tren koreksi dan belum bangkit.. Tuesday (17/18/2019) coal prices strengthened 0.07% to US$ 67.2/ton. The price of coal from November 21 to the close of trading yesterday had corrected 5.75%.. Selasa (17/18/2019) harga batu bara menguat 0,07% ke level US$ 67,2/ton. Harga batu bara sejak 21 November hingga penutupan perdaper gangan kemarin telah terkoreksi 5,75%.. IMA-Daily Update. Page 18.

Based on Refinitiv data, coal inventories in the main ports of northern China namely Caofeidian, Qinhuagndao and Jingtang were in the position of 16.35 million tons as of December 13 last. This amount is far less than the same period last year of 17.82 million tons.. Berdasarkan data Refinitiv, persediaan batu bara di pelabuhan utama utam China bagian utara yaitu Caofeidian, Qinhuagndao dan Jingtang berada di posisi 16,35 juta ton per 13 Desember lalu. Jumlah tersebut jauh lebih sedikit dibanding periode yang sama tahun lalu sebesar 17,82 juta ton.. China's coal imports since the beginning of the month (month to date) reached 8.7 million tons. Total imports since the beginning of December this year exceeded the amount in the same period last year which hich was only 8.1 million tons.. Impor batu bara China sejak awal bulan (month month to date) mencapai 8,7 juta ton. Total impor sejak awal bulan Desember tahun ini melebihi jumlah pada periode yang sama tahun lalu yang hanya 8,1 juta ton.. Turning to the Land of Sakura and the Land of Ginseng, coal imports from Japan and South Korea since the beginning of the month recorded respectively 7.7 million tons and 4 million tons. If compared to the same period last year, y that number is lower, considering Japan's coal imports reached 8.4 million tons and South Korea reached 5.5 million tons. India's coal imports at the beginning of December this year reached 7.5 million tons, down from last year's 8.4 million tons. The total coal supply in various power plants in India rose to 29.8 million tons, equivalent to 17 days of use.. Beralih ke Negeri Sakura dan Negeri Ginseng, impor batu bara Jepang dan Korea Selatan sejak awall bulan tercatat masingmasing masing 7,7 juta ton dan 4 juta ton. Jika dibanding periode yang sama tahun lalu maka jumlah tersebut lebih rendah, mengmeng ingat impor batu bara Jepang mencapai 8,4 juta ton dan Korea Selatan mencapai 5,5 juta ton. Impor batu bara India dia di awal bulan Desember tahun ini mencapai 7,5 juta ton, menurun didi banding tahun lalu yang mencapai 8,4 juta ton. Total persediaan batu bara di berbagai pempem bangkit listrik di India naik menjadi 29,8 juta ton atau setara dengan 17 hari penggunaan.. The latest report by the International Energy Agency (IEA) said global coal demand will remain stable until 2024. In the report, the IEA states thatt the decline in demand in Europe and the US will be offset by increased demand from the Asian region.. Laporan poran terbaru Internasional Energy Agency (IEA) menyebut permintaan batu bara global akan tetap stabil hingga 2024. Dalam laporan tersebut IEA menyebutkan bahwa penurunan permintaan di Eropa dan AS akan diimbangi oleh peningkatan perper mintaan dari kawasan Asia. A. The IEA report was published after negotiators from 190 countries met in Madrid to reaffirm the Paris 2015 agreement.. Laporan IEA dipublikasikan setelah negosiator dari 190 negara bertemu di Madrid untuk menegaskan kembali perjanjian Paris 2015.. Although the market share of low-carbon fuels has continued to grow in the last few decades, the reality is that coal is still the main global fuel. Global coal consumption has now risen more than 65% compared to 2000.. Walau pangsa pasar bahan bakar rendah karbon terus tumbuh dalam beberapa dekade terakhir, realitanya batu bara masih menjadi menja bahan bakar utama global. Konsumsi batu bara global saat ini telah naik lebih dari 65% dibanding tahun 2000.. IMA-Daily Update. Page 19.

Global coal demand is forecast to grow at a rate of 0.5% per year to reach 5.6 billion tons in 2024, according to the IEA. The decline in coal consumption in Europe and America and the increase in gas consumption in America will be offset by an increase in coal demand from the Yellow Continent. India as the second most populous country in the world is predicted to be a contributor to an increase in coal demand. India's coal consumption in 2024 will reach 748 million tons, up from 585 million tons in 2018. Meanwhile China's coal consumption will continue to increase and reach its peak in 2022. CNBC INDONESIA RESEARCH TEAM (twg/twg). Permintaan batu bara global diramal akan tumbuh dengan laju 0,5% per tahun mencapai 5,6 miliar ton pada 2024, menurut IEA. Penurunan konsumsi batu bara di Eropa dan Amerika serta peningkatan konsumsi gas di Amerika akan diimbangi oleh peningkatan permintaan batu bara dari Benua Kuning. India sebagai negara dengan populasi terpadat kedua di dunia diprediksi akan jadi penyumbang peningkatan permintaan batu bara. Konsumsi batu bara India pada 2024 akan mencapai 748 juta ton naik dari 585 juta ton pada 2018. Sementara itu konsumsi kon batu bara China akan terus meningkat dan mencapai puncaknya pada 2022. TIM RISET CNBC INDONESIA (twg/twg). Plus Minus Government Policy to Ban Nickel Exports to the European Union. Plus Minus Kebijakan Pemerintah Melarang Ekspor Nikel ke Uni Eropa. Posted by Albari Subhan. Posted by Albari Subhan. THE. EUROPEAN Union is frustrated by the Government's policy of banning nickel ore exports. This is because the policy to limit the import of nickel ore is considered unfair and has a negative impact on the European steel industry due to limited limi access to nickel ore and other mineral ores such as iron ore and chromium.. U NI. The European Union also objected to Indonesia's policy which exempts import taxes and import duties for the construction of smelters as long as it meets local content by 30%, and d considers the policy as illegal subsidies.. Uni Eropa juga keberatan dengan kebijakan Indonesia yang membebaskan pajak dan bea masuk impor untuk pempem bangunan smelter sepanjang memenuhi konten lokal sebesar 30%, dan mengmeng anggap kebijakan itu sebagai subsidi ilegal.. IMA-Daily Update. Eropa gerah dengan kebijakan Pemerintah yang melarang ekspor biji nikel. Sebab, kebijakan pembatasan impor biji mentah nikel ini dinilai tidak adil dan berimbas negatif pada industri baja Eropa karena terbatasnya akses terhadap bijih nikel dan juga bijih mineral lainnya seperti bijih besi dan kromium.. Page 20.

The European Union ion does not want to be silent, they will sue Indonesia to the World Trade Organization (WTO). But the government did not budge, the ban on nickel exports will continue to take effect from January 1, 2020 with a number of careful considerations.. Uni Eropa pun tak mau diam, mereka akan menggugat Indonesia ke Organisasi PerdaPerda gangan Dunia ( WTO). Namun pemeritah tak bergeming, larangan ekspor nikel akan tetap berlaku berlaku mulai 1 Januari 2020 dengan sejumlah pertimbangan yang matang.. President Joko Widodo (Jokowi) said, so far Indonesia has not received much added value because for decades it has only exported raw mineral ore. "Sir, we want to fight, whatever we face. We stop the export of nickel ore, this has been sued by the European Union, sued ed at the WTO," Jokowi said recently.. Presiden Joko Widodo ( Jokowi) menuturmenutur kan, selama ini Indonesia tak mendapatkan banyak nilai tambah karena puluhan tahun hanya mengekspor bijih mineral mentah. “Pak, kita mau tarung, apapun kita hadapi. Kita hentikan kan ekspor nikel ore keluar, ini sudah digugat at sama Uni Eropa, digugat di WTO,” kata Jokowi belum lama ini.. Jokowi asserted, if the current account deficit was settled, anyone who sued, the government was not afraid of all threats and faced with it. "Our goods, our nickel, whether we want to export or not, like us. Yes, right?" he continued.. Jokowi menegaskan, jika defisit transaksi berjalan sudah beres siapapun yang gugat, pemerintah tidak takut dengan semua ancaman dan siang menghadapi. menghadapi “Barang, barang kita, nikel, nikel kita, mau ekspor mau enggak suka-suka suka kita. Ya, enggak?” lanjut dia.. What is the actual market opportunity for Indonesia's nickel exports to the European Union? To the extent that the European Union feels disadvantaged by government policy. And what are the pluses and minuses if the policy is applied.. Sebenarnya sejauh mana peluang pasar ekspor nikel Indonesia ke Uni Eropa? Sampai-sampai sampai Uni Eropa merasa dirugikan dengan kebijakan pemerintah. Serta apa plus minusnya jika kebijakan itu diterapkan. diterapkan. Based d on data compiled, Indonesia alone currently controls more than 20% of total world nickel exports. The country is the second largest nickel exporter for the steel industry of the European Union countries.. Berdasarkan rdasarkan data yang dihimpun, Indonesia sendiri saat ini menguasai lebih dari 20% total ekspor nikel dunia. Negara ini menjadi eksportir nikel terbesar kedua untuk industri baja negara-negara negara Uni Eropa.. The value of Indonesia's nickel ore exports has increased creased sharply in recent years. Noted, Indonesia's nickel ore exports rose significantly by 18% in the second quarter of 2019 compared to the same period in 2017.. Nilai lai ekspor bijih nikel Indonesia mengalami peningkatan tajam dalam beberapa tahun terakhir. Tercatat, ekspor bijih nikel Indonesia naik signifikan sebesar 18% pada kuartal kedua 2019 dibandingkan dengan periode yang sama tahun 2017.. "Despite our efforts, Indonesia remains unmoved and announced an export ban in January 2020,"" said EU Trade Commissioner Cecilia Malmstrom.. “Terlepas dari usaha yang ya kami lakukan, Indonesia tetap tidak beranjak dari langkahnya dan mengumumkan larangan ekspor pada Januari 2020,” kata Komisioner Perdagangan UE Cecilia Malmstrom. Malmstrom. IMA-Daily Update. Page 21.

The export ban on mineral ores has actually been touted far in advance. The government encourages courages mineral processing to be carried out domestically to provide added value rather than exporting in the form of raw ore. Downstreaming or efforts to increase the added value of mineral and coal mining are regulated in Act Number 4 of 2009 concerning Mineral and Coal Mining. Article 95 letter c of Law Number 4 Year 2009 expressly states, holders of mining business licenses must increase the added value of domestic mineral and coal resources.. In downstreaming, processing does not only benefit minerals and coal in the form of ore or concentrates. But it processes and refines it to become an advanced form with a higher value. The added value of nickel ore ferronickel which is processed into ferronickel rises 10 times. The value of nickel is skyrocketed to 19 times when ferronickel is processed into stainless steel. Similarly, bauxite ore which is processed and refined into alumina, will be worth eight times as much. Alumina upgraded to aluminum will be worth up to 30 times compared to when it was still in the form of bauxite ore. In addition, downstreaming can overcome Indonesia's current account deficit problem. Unfortunately, since Law Number 4 Year 2009 was passed, compliance with downstreaming has never really been enforced. As a result, many mining companies panies are late in building smelters. Nickel ore exports currently contribute around 0.4 percent of total exports and the estimated value of exports will decrease by around 65 million US dollars every month (or the equivalent of 0.78 billion US dollars per year). However, this amount is relatively small compared to Indonesia's total exports of more than 180 billion US dollars every year. IMA-Daily Update. Larangan ekspor bijih mineral sebenarnya sudah didengungkan jauh hari. Pemerintah mendorong pengolahan mineral bisa dilakukan dilak dalam negeri untuk memberi nilai tambah ketimbang mengekspor dalam bentuk bijih mentah. Hilirisasi atau usaha meningkatkan nilai tambah tambang mineral dan batubara diatur dalam Undang- Undang Nomor 4 Tahun 2009 tentang Pertambangan Mineral dan Batubara. Batuba Pasal 95 huruf c Undang-Undang Undang Nomor 4 Tahun 2009 secara tegas menyebutkan, pemegang izin usaha pertambangan wajib meningkatkan nilai tambah sumber daya mineral dan batubara di dalam negeri. Dalam hilirisasi, pengolahan tidak hanya mengambil manfaat mineral dan batubara dalam bentuk bijih atau konsentrat. Tetapi mengolah dan memurnikan hingga menjadi bentuk lanjutan dengan nilai lebih tinggi. Nilai tambah feronikel bijih nikel yang diolah menjadi feronikel nilainya naik hingga 10 kali lipat. Nilai nikel el kian meroket sampai 19 kali lipat apabila feronikel diolah menjadi stainless steel. Begitu pula bijih bauksit yang diolah dan dimurnikan menjadi alumina, akan bernilai delapan kali lipat. Alumina yang ditingkatkan menjadi aluminium akan aka bernilai hingga 30 kali lipat dibandingkan dengan saat masih berupa bijih bauksit. Selain itu, hilirisasi bisa mengatasi masalah defisit transaksi berjalan Indonesia. Sayangnya, sejak Undang-Undang Undang Nomor 4 Tahun 2009 disahkan, kepatuhan terhadap hilirisasi tidak pernah benar-benar benar ditegakkan. Imbasnya, banyak perusahaan tambang yang terlambat membangun smelter. Ekspor bijih nikel saat ini menyumbang sekitar 0,4 persen dari total ekspor dan perkiraan nilai ekspor akan berkurang sekitar 65 juta dollar AS setiap bulan (atau setara etara 0,78 miliar dollar AS per tahun). Namun, jumlah ini relatif kecil dibandingkan total ekspor keseluruhan Indonesia yang lebih dari 180 miliar dollar AS setiap tahun. Page 22.

The loss of export revenues from nickel ore is insignificant although it still has an impact on increasing the current account deficit directly. The impact of the loss of nickel ore exports will also only take place in the short term.. Hilangnya pendapatan ekspor dari bijih nikel tak signifikan walau tetap berdampak pada da meningkatnya defisit transaksi berjalan secara langsung. Dampak hilanghilang nya ekspor bijih nikel itu juga hanya akan berlangsung dalam jangka pendek.. In the long run, the export of downstream nickel ore products with higher added value will be able to have a positive impact on Indonesia's current account. For example, the ban on mineral exports (including nickel) from 2014 to 2017 also contributed to the decline in Indonesia's nickel ore exports by around 1.5 billion US dollars per year.. Dalam jangka panjang, ekspor produk hilir bijih nikel dengan nilai tambah yang lebih tinggi akan mampu membawa mem dampak positif pada transaksi berjalan Indonesia. Sebagai contoh, larangan ekspor mineral (termasuk nikel) 2014-2017 2014 turut berdampak pada turunnya ekspor bijih nikel Indonesia sekitar 1,5 miliar dollar AS per tahun.. However, exports of downstream nickel ore products increased significantly in line with increased investment in related industries. In particular exports of iron and steel products which shot from 1.1 billion US dollars in 2014 to 5.8 billion US dollars in 2018. While the iron on and steel trade balance deficit became more controlled, despite an increase in iron and steel imports for infrastructure development in the period the same one. (Albar) Albar). Namun, ekspor produk hilir bijih nikel n meningkat signifikan seiring kenaikan investasi pada industri terkait. Khususnya ekspor produk besi dan baja yang melesat dari 1,1 miliar dollar AS di 2014 menjadi 5,8 miliar dollar AS di 2018. Sementara defisit neraca perdagangan besi dan baja menjadii lebih terkendali, terlepas adanya peningkatan impor besi dan baja untuk pembangunan infrastruktur pada periode yang sama. (Albar). Luhut defends nickel export ban amid EU complaints Made Anthony Iswara | The Jakarta Post. COORDINATING Maritime Affairs and Investment Minister Luhut Binsar Pandjaitan has said Indonesia will fight the European Union's lawsuit on the country’s nickel export ban. "As it stands, 98 percent of nickel ore is exported to China while Europe takes only on 2 percent. So why do you say I’m defending China?” Luhut said during his visit to Tanzania on Tuesday. “Don't ever [let] any country dictates Indonesian policy," he stressed. Luhut's statement follows the Nov. 22 filing of an EU lawsuit challenging Indonesia’s Indo nickel ore export ban through the World Trade Organization (WTO). The suit said the ban was “against WTO rules”. The Energy and Mineral Resources Ministry introduced the nickel export ban to push local extractors to refine the ore domestically and export higher-value value commodities. The ban will take effect in January 2020, two years earlier than previously planned. IMA-Daily Update. Page 23.

As the world’s largest nickel producer, having extracted a quarter of the global nickel supply last year, Indonesia has shocked foreign manufacturers manufacturers including those in China, Europe and Japan. “The restrictions unfairly limit access by EU producers to raw materials for steel production, notably nickel, as well as scrap, coal and coke, iron ore and chromium,” the European Commission said in its statement in November. The EU also challenged alleged illegal subsidies and claimed that Indonesia’s manufacturing methods produced up to seven times more carbon dioxide emissions than the processes used in Europe. The Trade Ministry has denied all of the EU’s claims. Luhut said the move reinforced the 2009 Law on Coal and Mineral Mining, which sought to prohibit the export of raw materials five years after the law took effect. "But there was a policy at the time [to allow raw material exports] for a few fe more years [after the five-year year period]," said the closest aide of President Joko "Jokowi" Widodo, explaining how the country had continued to export nickel after 2014. Japan had threatened to file a similar complaint with the WTO in 2012, two years before befo Indonesia was expected to enforce its first nickel ore export ban in 2014. Japan did not ultimately submit the complaint, and Indonesia lifted the ban in 2017. Jokowi has also defended the government's trade-strategy trade position. “We can't be pressured by external parties. With regard to palm oil, we are pressured by the European Union. Other countries pressure us about nickel [...] No more!” he said earlier this month.♦. Metso equipment to rough up diamonds at De Beers Venetia mine Posted by Daniel Gleeson. METSO. is to install high--performance performance crushing and material handling equipment underground at the De Beers Group’s Venetia diamond mine, in South Africa, as part of an order booked in the September quarter. In the throes of a transition from open-pit pit mining to underground operations, Venetia is reported to produce around 4 Mct/y, making it one of South Africa’s biggest diamond mines. In 2013, an underground extension project commenced with plans to start producing carats in 2022, climbing to full ull production in 2025 and extending the mine life to 2046.. IMA-Daily Update. Page 24.

Metso said Venetia approached Metso to deliver two primary jaw crushers and a number of feeders. All the equipment will be installed underground, which is a very challenging installation, especially ly given the shaft constraints (dimensions) and weight limitations for transportation underground, the company added. Venetia decided on Metso’s Nordberg® C Series™ jaw crusher range as the pinned and bolted design of the crusher allowed for the extensive disassembly, Metso said. “This enhances ease of transportation and installation, especially where there are critical space constraints such as an underground installation – as is the case with this project.” The Metso apron feeders, meanwhile, are used for extracting or feeding ores that are wet, sticky, dry or even frozen.♦. Copper tapped as the next big metals trade of 2020 Bloomberg News. COPPER, often called “Dr. Copper” due to its correlation with the economic cycle, could be the trade of 2020, as most industry analysts expect a “lift-off” “lift off” for the metal as global demand recovers. Gold miners had a blockbuster year in 2019 owing to expectations of U.S. Federal Reserve rate cuts and as geopolitical tension mounted between the U.S.-China. U.S. China. But concern about dampened global demand as a result of trade threats left base metal miners limping into the new year. But that might reverse next year thanks to improved demand, demand, making copper “poised for liftoff,” according to Jefferies analyst Christopher LaFemina. Low copper inventories, high short positions, supply constraints and better demand are creating conditions for the metal to rally, he wrote in a note to clients. Joining ning LaFemina in his optimism is Goldman Sach’s Jeffrey Currie, who thinks copper is “set to inflect” in 2020 due to strong growth out of China. Morgan Stanley, Bank of America and Citi also have positive expectations for copper and an improving global economy. eco History shows that base metal miners have often caught up with gold equities after precious metals outperformed. The S&P/TSX Equal Weight Global Base Metals Index (TXBE) underunder performed the S&P/TSX Equal Weight Global Gold Index (TXGE) in 2016, but caught up by the end of 2017. If analysts are right about the outlook for copper in 2020, the same trend may be coming soon.. IMA-Daily Update. Page 25.

Here is what the analysts are saying about what to expect for metals and mining in 2020: Jefferies The firm is most bullish on copper opper miners for 2020 as current supplies won’t be able to meet “even a modest cyclical recovery in demand,” LaFemina wrote. Expects Freeport-McMoRan Freeport Inc., First Quantum Minerals Ltd. and Glencore PLC to benefit most from the copper price recovery. Freeportt and First Quantum are his top picks. Also expects select iron ore miners such as Anglo American PLC, Vale SA and Rio Tinto PLC to outperform as prices are expected to remain high, peaking at more than $100 per ton in the near-term. near term. The firm is “least bullish” bul on gold. Goldman Sachs “Copper is our most bullish view,” for 2020, according to the commodity team. Copper demand in China has been particularly restrained by “poor performance in the grid, property and transportation sectors” and that’s likely to change change heading into 2020. “We expect strong completion growth in the next two years, continuing a positive trend in the property sector since August,” and grid investment is likely to pick up strongly in the first quarter of 2020 thanks to the government infrastructure frastructure stimulus. Meanwhile, the “strategic case for gold” is still strong. Citi Most bullish on alumina, copper and coking coal in 2020, while bearish on zinc and iron ore. Thinks commodities will benefit from modestly higher global growth, with much of the improvement coming from emerging markets. The commodities team is also bullish on gold in the medium-term. term. The bank’s equity analyst upgraded Teck Resources Ltd. to buy on better a coking coal outlook and valuation.. IMA-Daily Update. Page 26.

Morgan Stanley The bank’s commodities dities team expects a moderate rise in demand in 2020, driven by a “mini“mini cycle recovery” through year-end. end. Remains constructive on the North American mining sector and particularly favors copper exposure. Sees Freeport-McMoRan Freeport McMoRan and Teck Resources as the bestt way to gain exposure to bullish copper sentiment. Commodities team is bearish on the aluminum and alumina outlook, but the equity analysts still see some upside in 2020 for Alcoa Corp. The team also expects higher met coal prices as ex-China ex China demand should shoul tighten the market. Bank’s top commodity picks are cobalt and copper, while the least preferred are iron ore, lithium and zinc. Bank of America Sees cyclical raw materials benefiting in 2020 from a potential inventory restocking cycle, easier Fed policy and an interim China trade deal, providing an attractive inflation hedge. Thinks that copper and nickel are likely to rally in 2020, while the outlook for gold and precious metals is more cautious. (By Aoyon Ashraf). Global coal demand to remain stable up to 2024 - IEA By Susanna Twidale. GLOBAL. coal demand is expected to remain stable until 2024 as growth in Asia offsets weaker demand from Europe and the United States, the International Energy Agency (IEA) said on Tuesday. The IEA report is being published just after negotiators from more than 190 countries met in Madrid over the last two weeks to try to thrash out rules to meet the 2015 Paris Climate Agreement, which demands a virtual end to coal power by 2050. "Despite the growth in lowcarbon fuels in recent decades, the reality is coal remains a major fuel in global energy markets ... the world consumes 65% more coal today than in the year 2000," the report by the Paris-based agency said. World coal demand is expected to expand at a compound annual growth rate of 0.5%, reaching 5,624 million tonnes of coal equivalent (Mtce) in 2024, the IEA said. A drop in coal consumption in Europe and the United States due to coal power phase-out phase plans in Europe and an increase in the use of gas in the United States, will be offset by growth in a number of fast-growing growing Asian economies, the report said. An increase is predicted for India, with demand rising by 4.2% a year to 748 Mtce in 2024 from 585 Mtce in 2018, boosted by a rise in coal-fired c fired power output, the IEA said. Coal consumption in China is projected to rise slightly over the next few years and plateau around 2022.. IMA-Daily Update. Page 27.

Exactly how Chinese demand evolves will largely depend on what is presented in the country’s five-year plan to cover over 2021-2025, 2021 2025, Keisuke Sadamori, director, Energy Markets and Security at the IEA said in a briefing with journalists. The IEA's reports shape expectations among governments, companies and investors on the outlook for coal, oil and gas usage. But the agency agency has come under criticism from green groups and some financial institutions for underplaying the speed at which the world could switch to renewable sources of energy. (Reporting By Susanna Twidale. Editing by Jane Merriman). Chinese mines: At least least 14 dead in latest disaster AN EXPLOSION at a coal mine in south-west south west China has killed at least 14 people - the latest in a string of deadly mining accidents. The local authorities said two people were still trapped underground at the mine in Guizhou province. At least 37 people have died in five separate mining accidents in China since October. The accidents are often due to poorly-enforced poorly safety regulations. The explosion at the Guanglong mine in Guizhou province happened in the early hours of Tuesday. ay. Seven workers were lifted to safety. On Saturday, flooding in a coal mine in south-west south west China's Sichuan province killed five and trapped 13 miners underground. Some 347 miners were working in the Shanmushu mine when the flood happened. On 25 November, one person died in an accident at a different mine in Guizhou province. Before that, a blast in northern China's Shanxi province killed 15 workers on 18 November. At the time, officials said the accident was caused by "broken laws and regulations". In October, two people were killed in a blast in a mine in Shandong province in eastern China. The poor safety record and high accident rate in China's mining sector led to t the government in November ordering a "crackdown" on safety issues, said the AFP news agency. But - despite the string of deadly accidents - mine safety is generally improving. Last year, 333 people died in Chinese mines - a decrease of 13% on the year before. before Meanwhile, the "death per million tons of coal mined" fell to below 0.1 for the first time. China mined three billion tonnes of coal over the first 10 months this year, according to official data cited by Reuters - up 4.5% from the same period in 2018.♦ 2018.. IMA-Daily Update. Page 28.