TABLE OF CONTENTS. No. Title Media Source Page

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Daily News Update Page 1

"The increase in HBA in October 2021 was due to the increasing demand in China where currently the demand for coal is increasing for power generation purposes which exceeds the domestic coal supply capacity, as well as the increasing demand for coal from South Korea and the European region in line with the high price of natural gas," said Head of the Communi- cation Bureau for Public Information Services and Cooperation of the Ministry of Energy and Mineral Resources, Agung Pribadi in Jakarta, Tuesday (5/10).

Agung said that the above factors were a factor in the increase in global coal prices which were also affected by the increase this October, as a result HBA was also affected from the previous one which had also recorded the highest figure in the last decade, namely USD150.03 per ton. "(HBA) rose again, up USD11.60 per ton this month compared to the previous month,"

Agung said.

Had been sloping in February-April 2021, HBA recorded a consecutive increase in the period May-September 2021. The increase continued to be consistent until October 2021 by recording a new record high.

HBA Oktober Naik Lagi, Tembus USD161,63 per Ton

H ARGA Batubara Acuan (HBA) bulan Oktober 2021 kembali naik, hingga menembus USD161,63 per ton. Angka ini dipengaruhi permintaan batubara yang terus meningkat di China akibat naiknya kebutuhan batubara untuk pembangkit listrik yang melampaui kapasitas pasokan batubara domestik.

"Kenaikan HBA bulan Oktober 2021 disebabkan oleh permintaan yang terus meningkat di China dimana saat ini kebutuhan batubara meningkat untuk keperluan pembangkit listrik yang melampaui kapasitas pasokan batubara domestik, juga meningkatnya permintaan batubara dari Korea Selatan dan kawasan Eropa seiring dengan tingginya harga gas alam," ungkap Kepala Biro Komunikasi Layanan Informasi Publik dan Kerja Sama Kementerian ESDM, Agung Pribadi di Jakarta, Selasa (5/10).

Agung menyebut faktor-faktor di atas menjadi faktor kenaikan harga batubara global ikut terimbas naik bulan Oktober ini, akibatnya HBA juga terimbas dari yang sebelumnya juga telah mencatatkan angka tertinggi dalam decade terakhir yakni USD150,03 per Ton. "(HBA) naik lagi, naik USD11,60 per ton bulan ini dibanding sebelumnya," ujar Agung.

Sempat melandai pada Februari-April

2021, HBA mencatatkan kenaikan

beruntun pada periode Mei-September

2021. Kenaikan tersebut terus konsisten

hingga bulan Oktober 2021 dengan men-

catatkan rekor tertinggi baru.

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Daily News Update Page 4

For information, HBA is the price obtained from the average 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 calories GAR, Total Moisture 8%, Total Sulfur 0.8%, and Ash 15%.

There are two derivative factors that affect the movement of HBA, namely, supply and demand. In terms of supply derivatives, it is influenced by season (weather), mining techniques, supplier country policies, to supply chain technicalities such as trains, barges, and loading terminals.

Meanwhile, the demand derivative factor is influenced by declining electricity demand, which correlates with industrial condi- tions, import policies, and competition with other energy commodities, such as LNG, nuclear, and hydro.

Later, this October HBA will be used to determine the price of coal at the point of delivery on a Free on Board basis on a transport vessel (FOB Vessel). (KO)

Sebagai informasi, HBA adalah harga yang diperoleh dari rata-rata 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%, Total Sulphur 0,8%, dan Ash 15%.

Terdapat dua faktor turunan yang me- mengaruhi pergerakan HBA yaitu, supply dan demand. Pada faktor turunan supply dipengaruhi oleh season (cuaca), teknis tambang, kebijakan negara supplier, hingga teknis di supply chain seperti kereta, tongkang, maupun loading terminal.

Sementara untuk faktor turunan demand dipengaruhi oleh kebutuhan listrik yang turun berkorelasi dengan kondisi industri, kebijakan impor, dan kompetisi dengan komoditas energi lain, seperti LNG, nuklir, dan hidro.

Nantinya, HBA bulan Oktober ini akan diper- gunakan pada penentuan harga batubara pada titik serah penjualan secara Free on Board di atas kapal pengangkut (FOB Vessel). (KO)

This is Vale Indonesia (INCO)'s move to maintain nickel supply

Reporter: Arfyana Citra Rahayu | Editor:

Anna Suci Perwitasari

P T VALE Indonesia Tbk (INCO) has prepared a number of long-term strategies to meet the nickel demand in a number of smelters to be built by the company.

Director of Vale Indonesia Bernardus Irmanto said the company carried out its own mining and processed it directly at the processing plant in Sorowako.

Begini jurus Vale Indonesia (INCO) untuk jaga pasokan nikel

Reporter: Arfyana Citra Rahayu | Editor:

Anna Suci Perwitasari

P T VALE Indonesia Tbk (INCO) telah menyiapkan sejumlah strategi jangka panjang guna memenuhi kebutuhan nikel di sejumlah smelter yang akan dibangun perusahaan.

Direktur Vale Indonesia Bernardus Irmanto

mengatakan, perusahaan melakukan penam-

bangan sendiri dan langsung diolah di pabrik

pengolahan di Sorowako.

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Daily News Update Page 5

This is done so that INCO does not carry out nickel ore buying and selling transactions with other miners.

In the next few years, INCO plans to build a number of smelters such as the Pomalaa Smelter and the Bahodopi Smelter.

"Of course we have a long-term mining plan to meet the needs of the existing processing plants and those that will be built in the next 5 years," he explained to Kontan.co.id, Tuesday (5/10).

Later, Bernardus continued, the smelter in Pomalaa will be supplied with 100% from mining in the Pomalaa concession, Southeast Sulawesi. Likewise for the Bahodopi Smelter, INCO will be sufficient from the Bahodopi Mine, Central Sulawesi.

"As a whole, the current Sorowako processing facility has an average annual volume of nickel production of 75,000 metric tons," he said.

In producing nickel in the Sorowako Block, Vale Indonesia uses pyrometallurgical technology (smelting laterite nickel ore).

Ini dilakukan agar INCO tidak melakukan transaksi jual beli nikel ore dengan penam- bang lain.

Adapun dalam beberapa tahun mendatang, INCO berencana untuk membangun sejumlah smelter seperti Smelter Pomalaa dan Smelter Bahodopi.

"Tentunya kami memiliki rencana jangka panjang penambangan untuk memenuhi kebutuhan pabrik pengolahan yang ada saat ini dan yang akan dibangun dalam waktu 5 tahun yang akan datang," jelasnya kepada Kontan.co.id, Selasa (5/10).

Nantinya, lanjut Bernardus, Smelter di Pomalaa akan di supply 100% dari penam- bangan di konsesi Pomalaa, Sulawesi Tenggara. Demikian juga untuk Smelter Bahodopi, INCO akan mencukupi dari Tambang Bahodopi, Sulawesi Tengah.

"Adapun secara keseluruhan, saat ini fasilitas pengolahan Sorowako rata-rata volume produksi nikel per tahunnya men- capai 75.000 metrik ton," tandasnya.

Dalam memproduksi nikel di Blok Sorowako, Vale Indoensia menggunakan teknologi pyrometalurgi (meleburkan bijih nikel laterit).

Antam Jumps Higher

Parluhutan Situmorang

P T ANEKA Tambang Tbk (ANTM) or Antam managed to turn things around by posting a large profit in the first semester of 2021 compared to the same period last year which was losing money. The spike became a positive catalyst for ANTM's price movement. Moreover, simil ar conditions are expected to continue in the second semester of this year.

Antam Melompat Lebih Tinggi

Parluhutan Situmorang

P T ANEKA Tambang Tbk (ANTM) atau Antam berhasil membalikkan keadaan dengan membukukan keuntungan yang besar pada semester I-2021 dibandingkan periode sama tahun lalu yang merugi.

Lonjakan itu menjadi katalis positif ter-

hadap pergerakan harga ANTM. Terlebih,

kondisi serupa diperkirakan berlanjut

pada semester II tahun ini.

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Daily News Update Page 6

Antam's financial performance will be supported by the continued increase in production volume and sales of ferronickel and gold commodities. Likewise, the selling prices of these two commodities are expected to increase by the end of this year.

BRI Danareksa Sekuritas analyst Stefanus Darmagiri revealed that Antam's financial performance realization during the first semester of 2021 had exceeded estimates.

The company managed to record a net profit of Rp 1.2 trillion in the first half of 2021, much better than the same period last year which recorded a net loss of Rp 159 billion.

“The realization of this profit has exceeded our estimate or equivalent to 55% of this year's net profit target. The surge in net profit prompted us to revise Antam's financial performance target up this year,"

Stefanus wrote in his research.

Kinerja keuangan Antam bakal ditopang oleh berlanjutnya peningkatan volume produksi dan penjualan komoditas feronikel dan emas. Begitu juga dengan harga jual kedua komoditas tersebut diperkirakan meningkat sampai akhir tahun ini.

Analis BRI Danareksa Sekuritas Stefanus Darmagiri mengungkapkan, realisasi kinerja keuangan Antam sepanjang semester I-2021 telah melampaui estimasi.

Perseroan berhasil mencetak laba bersih Rp 1,2 triliun pada semester I-2021, jauh lebih baik dibandingkan periode sama tahun lalu yang mencatat rugi bersih Rp 159 miliar.

“Realisasi keuntungan tersebut telah melampaui estimasi kami atau setara dengan 55% dari target laba bersih tahun ini. Lonjakan laba bersih tersebut men- dorong kami untuk merevisi naik target kinerja keuangan Antam tahun ini,” tulis Stefanus dalam risetnya.

Antam's Financial Performance Summary (in billion IDR)

2020 2021F 2022F 2023F

Revenue 27,372 30,252 32,850 35,208

EBITDA 3,128 4,580 5,082 5,612

Net profit 1,149 2,324 2,726 3,219

EPS (Rp) 47.8 96.7 113.5 133.9

Net margin (%) 4.2 7.7 8.3 9.1

ROA (%) 3.7 6.9 7.5 8.4

ROE (%) 6.2 11.6 12.5 13.5

PER (x) 47.5 23.5 20 16.9

PBV (x) 2.9 2.6 2.4 2.2

Net gearing (x) 0.2 0.3 0.2 0.1

End of year cash 3,984 5,046 5,876 6,629

Source: BRI Danareksa Sekuritas

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Daily News Update Page 7

Regarding the surge in Antam's financial performance, he explained that it was supported by the strong performance of the gold and nickel sales division. The company recorded an increase in nickel ore sales volume to 3.7 million wmt compared to the first semester of 2020 of 0.2 million wmt.

Likewise, gold sales volume jumped 68.6 percent to 13.3 tons and the company also recorded a 37.2 percent decrease in interest expense. The company even earned an exchange gain of Rp 19 billion compared to the first semester of 2020 which recorded an exchange loss of Rp 181 billion.

According to Stefanus, the upward revision of Antam's financial performance target is also supported by good operational performance until the end of June 2021.

Even the company's nickel ore production has reached 5.34 million wmt in the first half of 2021 compared to this year's target of 8.4 million wmt.

Meanwhile, nickel ore sales volume is predicted to reach 7 million wmt this year.

Likewise, gold sales are estimated to reach 19 tons this year, especially after the company realized sales of 13.3 million tons in the first semester of 2021.

The sales figure is relatively high in the midst of PPKM which is still ongoing and has triggered the closure of several company outlets.

These various factors prompted BRI Danareksa Sekuritas to revise ANTM's share price target from Rp 3,200 to Rp 3,300. ANTM shares are also recommen- ded to buy. The price target takes into account the surge in nickel ore sales volume and the solid price of the commodity.

The price target also considers an upward revision of Antam's financial performance projections for 2021 and 2022.

Mengenai lonjakan kinerja keuangan Antam tersebut, dia menjelaskan bahwa hal itu didukung oleh kuatnya kinerja divisi penjualan emas dan nikel. Perseroan men- catatkan peningkatan volume penjualan bijih nikel menjadi 3,7 juta wmt dibanding- kan semester I-2020 sebanyak 0,2 juta wmt.

Begitu juga dengan volume penjualan emas melonjak 68,6% menjadi 13,3 ton dan perseroan juga mencatatkan penurunan beban bunga hingga 37,2%. Bahkan perseroan meraih keuntungan kurs Rp 19 miliar dibandingkan semester I-2020 yang mencatat rugi kurs Rp 181 miliar.

Menurut Stefanus, revisi naik target kinerja keuangan Antam juga didukung oleh kinerja operasional yang berjalan baik hingga akhir Juni 2021. Bahkan produksi bijih nikel perseroan telah mencapai 5,34 juta wmt hingga semester I-2021 diban- dingkan target tahun ini 8,4 juta wmt.

Sedangkan volume penjualan bijih nikel diprediksi mencapai 7 juta wmt tahun ini.

Begitu juga dengan penjualan emas diper- kirakan bisa mencapai 19 ton tahun ini, apalagi setelah perseroan merealisasikan penjualan sebanyak 13,3 juta ton pada semester I-2021.

Angka penjualan tersebut tergolong tinggi di tengah PPKM yang masih berlangsung dan memicu penutupan beberapa gerai perseroan.

Berbagai faktor tersebut mendorong BRI Danareksa Sekuritas merevisi naik target harga saham ANTM dari Rp 3.200 menjadi Rp 3.300. Saham ANTM juga direkomen- dasikan beli. Target harga tersebut mem- pertimbangkan lonjakan volume penjualan bijih nikel dan solidnya harga komoditas tersebut.

Target harga tersebut juga memper-

timbangkan revisi naik proyeksi kinerja

keuangan Antam tahun 2021 dan 2022.

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Daily News Update Page 8

BRI Danareksa Sekuritas revised up Antam's projected net profit this year from Rp 2.12 trillion to Rp 2.32 trillion. The company's revenue forecast was also revised up from Rp 29.45 trillion to Rp 30.52 trillion.

The company is estimated to sell 26,000 tons of ferronickel, while nickel ore sales are estimated at 7.18 million wmt and gold sales are estimated at 21 thousand kilograms.

BRI Danareksa Sekuritas also revised up Antam's financial performance target for 2022. The estimated net profit was revised up from Rp 2.51 trillion to Rp 2.72 trillion.

Likewise with the revised revenue forecast to increase from Rp 32.07 trillion to Rp 32.85 trillion.

The performance target is in line with the estimated sales volume of 27,000 tons of ferronickel, 9.11 million tons of nickel ore, and 23 thousand kilograms of gold sales.

Meanwhile, Mirae Asset Sekuritas analyst Juan Harahap revealed that Antam's financial performance realization during the first semester of 2021 was in line with Mirae's forecast, although it was above analyst consensus. The increase was supported by an increase in revenue from the ferronickel and gold segments.

"We estimate that the company's financial performance will continue in line with expectations until the end of this year, so we maintain the company's financial performance target this year," he wrote in his research.

Juan predicts that Antam's net profit will reach Rp 2.54 trillion this year compared to last year's Rp 1.14 trillion.

Likewise, revenue is estimated to increase from Rp 27.37 trillion to Rp 32.20 trillion.

BRI Danareksa Sekuritas merevisi naik proyeksi laba bersih Antam tahun ini dari Rp 2,12 triliun menjadi Rp 2,32 triliun.

Perkiraan pendapatan perseroan juga direvisi naik dari Rp 29,45 triliun menjadi Rp 30,52 triliun.

Perseroan diperkirakan menjual sebanyak 26.000 ton feronikel, Sedangkan penjualan bijih nikel diperkirakan mencapai 7,18 juta wmt dan penjualan emas diperkirakan mencapai 21 ribu kilogram.

BRI Danareksa Sekuritas juga merevisi naik target kinerja keuangan Antam tahun 2022.

Estimasi laba bersih direvisi naik dari Rp 2,51 triliun menjadi Rp 2,72 triliun. Begitu juga dengan perkiraan pendapatan direvisi meningkat dari Rp 32,07 triliun menjadi Rp 32,85 triliun.

Target kinerja tersebut sejalan dengan estimasi volume penjualan feronikel sebanyak 27.000 ton, bijih nikel mencapai 9,11 juta ton, dan penjualan emas men-capai 23 ribu kilogram.

Sementara itu, analis Mirae Asset Sekuritas Juan Harahap mengungkapkan, realisasi kinerja keuangan Antam sepanjang semes- ter I-2021 sudah sesuai dengan perkiraan Mirae, meski berada di atas konsensus analis. Lonjakan tersebut didukung oleh peningkatan pendapatan dari segmen fero- nikel dan emas.

“Kami memperkirakan kinerja keuangan perseroan melaju sesuai dengan ekspektasi hingga akhir tahun ini, sehingga kami mempertahankan target kinerja keuangan perseroan sepanjang tahun ini,” tulis dia dalam risetnya.

Juan memprediksi laba bersih Antam men- capai Rp 2,54 triliun tahun ini dibandingkan raihan tahun lalu sebesar Rp 1,14 triliun.

Begitu juga dengan pendapatan diperkira-

kan meningkat dari Rp 27,37 triliun menjadi

Rp 32,20 triliun.

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Daily News Update Page 9

Mirae Asset Sekuritas also maintained its recommendation to buy ANTM shares with a target price of Rp 3,250. The target price reflects the estimated increase in profit margins for all segments and the upward trend in nickel selling prices this year.

Editor : Gora Kunjana

Mirae Asset Sekuritas juga mempertahan- kan rekomendasi beli saham ANTM dengan target harga Rp 3.250. Target harga tersebut merefleksikan perkiraan pening- katan margin keuntungan seluruh segmen dan tren peningkatan harga jual nikel tahun ini. Editor : Gora Kunjana

Following PLN's Plan, PTBA Drives NRE Projects in Former

Coal Mines

Author: Mutiara Nabila

I N LINE with the government's plan to increase power generation capacity with new and renewable energy (NRE) in the next 10 years to become the majority 51.6 percent, PT Bukit Asam Tbk. (PTBA) is also preparing to transform to develop the NRE business.

"PTBA is transforming into an energy company, and the NRE business is one of PTBA's business diversification," said Bukit Asam Corporate Secretary Apollonius Andwie to Bisnis, Tuesday (5/10/2021).

The NRE project development plans at PTBA include PLTS projects in post-mining areas, namely in Ombilin - West Sumatra, Tanjung Enim - South Sumatra, and Bantuas - East Kalimantan.

“Each ex-mining area will be installed PLTS with a capacity of up to 200 MW. Currently, PLTS is in the discussion stage with PLN to become an Independent Power Producer [IPP],” he explained.

This PTBA step also adjusts the General Plan for the Provision of Electricity PLN 2021- 2030, in which the government targets to increase power generation capacity with new and renewable energy (NRE).

Ikut Rencana PLN, PTBA Pacu Proyek EBT di Bekas Tambang

Batu Bara

Author: Mutiara Nabila

S EJALAN dengan rencana pemerintah untuk menambah kapasitas pembangkit listrik dengan energi baru terbarukan (EBT) dalam 10 tahun ke depan menjadi mayoritas 51,6 persen, PT Bukit Asam Tbk. (PTBA) juga mem - persiapkan diri bertransformasi mengem- bangkan usaha EBT.

“PTBA tengah bertransformasi menjadi perusahaan energi, dan bisnis EBT menjadi salah datu diversifikasi usaha PTBA,” ujar Sekretaris Perusahaan Bukit Asam Apollonius Andwie kepada Bisnis, Selasa (5/10/2021).

Rencana pengembangan proyek EBT di PTBA di antaranya adalah proyek PLTS di area pasca-tambang yakni di Ombilin - Sumatra Barat, Tanjung Enim - Sumatra Selatan, dan Bantuas - Kalimantan Timur.

“Masing-masing lahan bekas tambang akan terpasang PLTS dengan kapasitas mencapai 200 MW. Saat ini, PLTS sedang dalam tahap pembahasan dengan PLN untuk bisa menjadi Independent Power Producer [IPP],” jelasnya.

Langkah PTBA ini turut menyesuaikan

Rencana Umum Penyediaan Tenaga Listrik

PLN 2021-2030, di mana pemerintah menar-

getkan akan menambah kapasitas pembangkit

listrik dengan energi baru terbarukan (EBT).

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Daily News Update Page 10

PLN's installed power generation capacity in 2020 is 63.3 Giga Watt (GW). However, by 2030, PLN's power generation capacity is targeted to increase to 99.2 GW.

Meanwhile, the plan for additional new power plants for 2021-2030 is 40.6 GW, of which NRE -based plants reach 20.9 GW or 51.6 percent and fossil energy-based power plants by 48.4 percent or 19.7 GW.

Editor : Hafiyyan

Kapasitas pembangkit listrik terpasang PLN pada 2020 adalah sebesar 63,3 Giga Watt (GW). Namun pada 2030 kapasitas pem- bangkit listrik PLN ditargetkan naik menjadi 99,2 GW.

Adapun, rencana tambahan pembangkit listrik baru selama 2021-2030 sebesar 40,6 GW, di mana pembangkit berbasis EBT men- capai 20,9 GW atau 51,6 persen dan pem- bangkit listrik berbasis energi fosil sebesar 48,4 persen atau 19,7 GW. Editor : Hafiyyan

Coal Prices Soar, Adaro Focuses on Operational Excellence

Reporter: Intan Pratiwi/Editor: Fuji Pratiwi

T HE PRICE of coal in September hit its highest figure of 200 US dollars per tonne.

Although coal prices are improving, PT Adaro Energy remains focused on maintaining operational excellence.

Adaro Energy's Head of Corporate Communication, Febriati Nadira, explained that Adaro will continue to maintain operational reliability amid improving coal prices. On the one hand, the company continues to exercise prudence even though coal prices are improving.

"Adaro will continue to follow market developments by continuing to carry out operations as planned at the company's mines by continuing to focus on maintaining healthy margins an d continuity of supply to customers," said Ira to Republika, Tuesday (5/10).

Ira also explained that the long-term fundamentals of the coal market remain promising. Especially considering the sales growth, especially in Southeast Asia and South Asia. For this reason,...

Harga Batubara Melesat, Adaro Fokus Keunggulan Operasional

Reporter: Intan Pratiwi/Redaksi: Fuji Pratiwi

H ARGA batubara pada September kemarin menembus angka tertingginya yaitu 200 dolar AS per ton. Meski harga batubara sedang membaik, PT Adaro Energy tetap fokus untuk menjaga keunggulan operasional.

Head of Corporate Communication Adaro Energy, Febriati Nadira, menjelaskan, Adaro tetap akan mempertahankan keandalan operasional di tengah harga batubara yang membaik. Di satu sisi, perusahaan tetap melakukan kehati-hatian meski harga batu bara sedang membaik.

"Adaro akan terus mengikuti perkembangan pasar dengan tetap menjalankan kegiatan operasi sesuai rencana di tambang-tambang milik perusahaan dengan terus berfokus untuk mempertahankan marjin yang sehat dan kontinuitas pasokan ke pelanggan," ujar Ira kepada Republika, Selasa (5/10).

Ira juga menjelaskan, fundamental jangka panjang pasar batubara tetap menjanjikan.

Apalagi melihat pertumbuhan penjualan

terutama di wilayah Asia Tenggara dan Asia

Selatan. Untuk itu,...

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Daily News Update Page 11

For this reason, the company still maintains the export market which has been the company's regular customers.

"We are still monitoring exports in Southeast Asia, China, East Asia, India, New Zealand. Adaro will also always follow the DMO provisions," said Ira.

The increase in coal prices also did not change the company to increase pro- duction. Ira said the company remained on the guideline to produce coal ranging from 52 tons to 54 million tons this year.

Even so, this quite encouraging price could have a positive impact at the end of the year. "We are optimistic about the prospect of the coal business in the second semester but will remain cautious," added Ira.

Untuk itu, perusahaan masih menjaga pasar ekspor yang selama ini menjadi pelanggan tetap perusahaan.

"Kami masih memantain ekspor di wilayah Asia Tenggara, China, Asia Timur, India, Selandia Baru. Adaro juga akan senantiasa mengikuti ketentuan DMO," ujar Ira.

Kenaikan harga batubara juga tidak meng- ubah perusahaan untuk menambah produksi.

Ira mengatakan perusahaan tetap pada panduan untuk memproduksi batubara ber- kisar 52 ton hingga 54 juta ton pada tahun ini.

Meski begitu, harga yang cukup menggem- birakan ini bisa membawa dampak positif pada akhir tahun nanti. "Kami optimis ter- hadap prospek bisnis batubara di semester 2 ini namun akan tetap berhati-hati," tambah Ira.

PLN: Coal Needs to Generate 153 Million Tons in 2030

Anisatul Umah, CNBC Indonesia

T HE MINISTRY of Energy and Mineral Resources (MEMR) has issued a Business Plan for the Provision of Electricity (RUPTL) 2021-2030. Although this RUPTL is said to be greener, from a projection perspective, the need for coal fuel for power plants will still increase until 2030.

PLN's Director of Corporate Planning, Evy Haryadi, in the 2021-2030 PLN RUPTL Dissemination Webinar, Tuesday (05/10/

2021), conveyed that the projected fuel demand will follow the existing generation growth pattern. Where in the RUPTL the need for gas and coal fuel will still increase, even though it has added many renewable energy plants.

PLN: Kebutuhan Batu Bara Pembangkit 153 Juta Ton di 2030

Anisatul Umah, CNBC Indonesia

K EMENTERIAN Energi dan Sumber Daya Mineral (ESDM) telah menerbitkan Rencana Usaha Penyediaan Tenaga Listrik (RUPTL) 2021-2030. Meski RUPTL ini disebut-sebut lebih hijau, namun dari sisi proyeksi, kebutuhan bahan bakar batu bara untuk pembangkit masih mengalami kenaikan sampai tahun 2030.

Direktur Perencanaan Korporat PLN Evy

Haryadi dalam Webinar Diseminasi RUPTL PLN

2021-2030, Selasa (05/10/2021), menyampai-

kan proyeksi kebutuhan bahan bakar akan

mengikuti pola pertumbuhan pembangkitan

yang ada. Di mana di dalam RUPTL kebutuhan

bahan bakar gas dan batu bara masih akan

mengalami peningkatan, meski sudah menabah

banyak pembangkit energi terbarukan.

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Daily News Update Page 12

"The need for gas and coal fuels is still growing on an expense basis because there are still ongoing on-going projects," he said.

Based on the data he explained, the need for fuel for coal plants in 2021 will be 111 million tons, in 2022 it will increase to 115 million tons, then in 2023 it will increase again to 122 million tons, and in 2024 it will increase again to 131 million tons.

Furthermore, in 2025 it fell to 124 million tons, and rose again in 2026 to 131 million tons, in 2027 it rose again to 137 million tons, in 2028 to 141 million tons, in 2029 it rose to 147 million tons, and in 2030 it rose to 153 million tons.

"The decline in gas and coal consumption can be seen when NRE plants enter the Commercial Operation Date (COD) in 2025.

How NRE energy growth grew from 3.6 and 2025 grew twice from the previous year.

There will be a 2025 decrease in the demand for gas and coal. coal, but with the growth in demand for NRE and thermal needs are still equal," he explained.

The Director General of Electricity at the Ministry of EMR, Rida Mulyana, said that RUPTL is a plan for the generation, transition and distribution network, as well as electricity sales in a business area, in accordance with Government Regulation Number 25 of 2021 concerning Implemen- tation of the Energy and Mineral Resources Sector.

"The RUPTL is a reflection of the govern- ment's policies. In order to implement the policies of the central and local govern- ments for the provision of electricity, the ministers and governors can include this policy in the RUPTL," he said in the same forum.

"Because this is valid for 10 years, as long as there are no changes to the RUPTL, the old RUPTL is still valid, it doesn't need to be changed every year," he said. (miq/miq)

"Kebutuhan bahan bakar gas dan batu bara masih tumbuh secara beban dikarenakan masih ada proyek-proyek on going yang sedang berjalan," ungkapnya.

Berdasarkan data yang dia paparkan, kebutuhan bahan bakar pembangkit batu bara pada tahun 2021 sebesar 111 juta ton, tahun 2022 naik menjadi 115 juta ton, lalu tahun 2023 naik lagi menjadi 122 juta ton, dan tahun 2024 kembali naik menjadi 131 juta ton.

Selanjutnya pada tahun 2025 turun menjadi 124 juta ton, dan kembali naik di tahun 2026 menjadi 131 juta ton, tahun 2027 naik lagi menjadi 137 juta ton, tahun 2028 menjadi 141 juta ton, tahun 2029 naik menjadi 147 juta ton, dan tahun 2030 naik menjadi 153 juta ton.

"Penurunan konsumsi gas dan batu bara terlihat di mana ketika pembangkit EBT masuk Commercial Operation Date (COD) di 2025. Bagaimana pertumbuhan energi EBT tumbuh dari 3,6 dan 2025 tumbuh dua kali lipat dari tahun sebelumnya. Akan terjadi penurunan 2025 kebutuhan gas dan batu bara, namun dengan pertumbuhan beban kebutuhan EBT dan thermal masih setara,"

jelasnya.

Direktur Jenderal Ketenagalistrikan Kemen- terian ESDM Rida Mulyana mengatakan, RUPTL adalah rencana pembangkitan, jaringan transisi dan distribusi, serta penjualan listrik dalam suatu wilayah usaha, sesuai Peraturan Pemerintah Nomor 25 tahun 2021 tentang Penyelenggaraan Bidang Energi dan Sumber Daya Mineral.

"RUPTL merupakan cerminan kebijakan peme- rintah. Dalam rangka pelaksanaan kebijakan pemerintah pusat dan daerah untuk penye- diaan tenaga listrik, menteri dan gubernur bisa memasukkan kebijakan ini di dalam RUPTL,"

tuturnya dalam forum yang sama.

"Karena ini berlaku untuk 10 tahun, maka selama belum ada RUPTL perubahan, maka RUPTL lama masih berlaku, tidak perlu setiap tahun mengalami perubahan," ujarnya.

(miq/miq)

(13)

Daily News Update Page 13

Mining commodity prices rise, pay attention to stock recommen-

dations TINS, ANTM, PTBA

Reporter: Akhmad Suryahadi | Editor:

Khomarul Hidayat

T HE INCREASE in commodity prices such as tin, nickel and coal is expected to support the performance of three state- owned mining companies this year.

Panin Sekuritas analyst Timothy Wijaya said that PT Timah Tbk (TINS) could support MIND ID holding performance until the end of the year. TINS's steady performance is projected to occur because the price of tin has increased by 69% year- to-date (ytd).

"So, of course, it will translate to an increase in revenue, although currently the price of tin is being corrected from US$

37,500 to US$ 35,575 per tonne," Timothy explained to Kontan.co.id, Monday (4/10).

In addition, PT Timah has curbed illegal mining in TINS's mining business permit (IUP) area in the second semester. The TINS prospect is also polished by TINS's TSL Ausmelt Furnace project, which has a commercial operation date (COD) in early 2022.

The smelter can process up to 40,000 tons of tin (Sn) and can smelt lower grade tin ore. This has an impact on reducing production costs, efficiency, and increasing the production of tin metal which is more environmentally friendly.

Timothy assesses that the price of tin can survive or will increase until the end of the year, driven by the increasing demand for tin in the global market and limited availability due to Covid-19.

Harga komoditas tambang naik, cermati rekomendasi saham

TINS, ANTM, PTBA

Reporter: Akhmad Suryahadi | Editor:

Khomarul Hidayat

K ENAIKAN harga komoditas seperti timah, nikel, dan batubara diperkirakan akan meno- pang kinerja tiga emiten tambang BUMN tahun ini.

Analis Panin Sekuritas Timothy Wijaya mengatakan, PT Timah Tbk (TINS) bisa menjadi penyokong kinerja holding MIND ID hingga akhir tahun. Moncernya kinerja TINS diproyeksi terjadi karena memang harga timah sudah meningkat 69% secara year-to- date (ytd).

“Jadi tentunya akan bertranslasi kepada peningkatan pendapatan, walaupun saat ini harga timah sedang terkoreksi dari US$

37.500 menjadi US$ 35.575 per ton,” terang Timothy kepada Kontan.co.id, Senin (4/10).

Ditambah lagi, PT Timah menertibkan pertambangan ilegal di kawasan izin usaha pertambangan (IUP) milik TINS pada semester kedua ini. Prospek TINS juga dipoles oleh proyek TSL Ausmelt Furnace milik TINS yang memiliki waktu commercial operation date (COD) pada awal tahun 2022.

Smelter tersebut dapat mengolah hingga 40.000 ton timah (Sn) dan dapat melebur biji timah dengan kadar yang lebih rendah. Hal tersebut berdampak pada penurunan biaya produksi, efisiensi, dan peningkatan produksi logam timah yang lebih ramah lingkungan.

Timothy menilai, harga timah masih dapat

bertahan atau akan meningkat hingga akhir

tahun, didorong oleh meningkatnya kebu-

tuhan timah di pasar global serta keter-

sediaan yang terbatas akibat dari Covid-19.

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Daily News Update Page 14

There has been a decline in production from the largest tin-producing countries such as Indonesia and Malaysia, which were affected by the pandemic and Myanmar, which was experiencing a political situation.

Panin Sekuritas recommends buying TINS shares with a target price of Rp 1,700 per share. This recommendation was driven by the supply of tin that has not been able to meet global demand, the projected increase in production in the second half of 2021 in line with the decline in illegal mining activities, smelter projects that will be COD in early 2022, as well as an increase in the average selling price (ASP) in line with the increase in global tin prices.

Meanwhile, Samuel Sekuritas Indonesia analyst Dessy Lapagu is optimistic that the performance of PT Aneka Tambang Tbk (ANTM) will improve this year, driven by the strengthening of nickel prices. He also believes that the revenue of PT Bukit Asam Tbk (PTBA) still has the potential to grow in line with the current upward trend in global coal prices and the expansion carried out by PTBA.

Samuel Sekuritas Indonesia projects that PTBA's production volume can reach 30.8 million tons-33.7 million tons in 2021- 2022 with the expectation of productivity recovery, supported by management's strategy to boost export sales amid the trend of strengthening global coal prices.

In comparison, the issuer based in South Sumatra produced 24.8 million tons of coal in 2020.

Bukit Asam's ASP growth is also in line with global coal prices. Dessy noted that Bukit Asam's ASP in the second quarter of 2021 grew to a level of Rp 886,000 per ton.

ASP in the same period last year was only Rp. 668,000 per ton and ASP in the first quarter of 2021 was Rp. 670,000.

Terdapat penurunan produksi dari negara penghasil timah terbesar seperti Indonesia dan Malaysia yang terdampak pandemi serta Myanmar yang mengalami situasi politik.

Panin Sekuritas merekomendasikan beli saham TINS dengan target harga Rp 1.700 per saham. Rekomendasi ini didorong oleh pasokan timah yang belum dapat meme- nuhi permintaan global, proyeksi pening- katan produksi pada semester kedua 2021 seiring dengan menurunnya aktivitas tambang ilegal, proyek smelter yang akan COD pada awal tahun 2022, serta pening- katan harga jual rata-rata atau average selling price (ASP) seiring dengan pening- katan harga timah global.

Sementara itu, Analis Samuel Sekuritas Indonesia Dessy Lapagu optimistis kinerja PT Aneka Tambang Tbk (ANTM) akan membaik tahun ini, didorong oleh menguatnya harga nikel. Dia juga meyakini pendapatan PT Bukit Asam Tbk (PTBA) masih berpotensi tumbuh seiring dengan tren kenaikan harga batubara global yang saat ini menguat serta ekspansi yang dilakukan PTBA.

Samuel Sekuritas Indonesia memproyeksi- kan volume produksi PTBA dapat men- capai 30,8 juta ton-33,7 juta ton pada 2021-2022 dengan ekspektasi pemulihan produktivitas, didukung strategi mana- jemen untuk mendorong penjualan ekspor di tengah tren penguatan harga batubara global. Sebagai perbandingan, emiten yang berbasis di Sumatra Selatan ini mem- produksi 24,8 juta ton batubara pada 2020.

Pertumbuhan ASP Bukit Asam juga sejalan dengan kenakan harga batubara global.

Dessy mencatat, ASP Bukit Asam pada

kuartal kedua 2021 tumbuh ke level Rp

886.000 per ton. ASP pada periode yang

sama tahun lalu yang hanya Rp 668.000

per ton dan ASP pada kuartal pertama

2021 sebesar Rp 670.000.

(15)

Daily News Update Page 15

Samuel Sekuritas Indonesia projects that coal prices will continue to strengthen, supported by strong demand and limited supply. This year, PTBA is projected to shrink net income of Rp 23.10 trillion and will increase to Rp 23.81 trillion next year.

Bukit Asam is projected to book a net profit of Rp 3.99 trillion this year and will increase to Rp 4.03 trillion next year.

Samuel Sekuritas Indonesia recommends buying PTBA shares with a target price of Rp 3,200 per share and buying ANTM shares with a target price of Rp 3,230 per share.

Samuel Sekuritas Indonesia memproyeksikan penguatan harga batubara masih akan terjadi didukung oleh permintaan yang kuat dan terbatasnya suplai. Pada tahun ini, PTBA diproyeksikan mengempit pendapatan bersih senilai Rp 23,10 triliun dan akan naik men- jadi Rp 23,81 triliun di tahun depan. Bukit Asam diproyeksikan membukukan laba bersih senilai Rp 3,99 triliun di tahun ini dan akan naik menjadi Rp 4,03 triliun di tahun depan.

Samuel Sekuritas Indonesia merekomendasi- kan beli saham PTBA dengan target harga Rp 3.200 per saham dan beli saham ANTM dengan target harga Rp 3.230 per saham.

3 MIND ID Members Win Subroto 2021 Awards

Faidah Umu Sofuroh - detikFinance

S OE of Mining Industry Holding MIND ID, or Mining Industry Indonesia, which consists of PT ANTAM Tbk, PT Bukit Asam Tbk, PT Freeport Indonesia, PT Inalum (Persero) and PT Timah Tbk conveyed that three member companies won the 2021 Subroto Award. This award was held by Ministry of Energy and Mineral Resources (MEMR) on Tuesday (28/9).

The 2021 Subroto Award is an award event initiated by the Ministry of EMR and has been held for 4 consecutive years. This award is given to stakeholders and business actors who have played an active role in developing the energy sector and coal mineral mining over the past year.

The three MIND ID Members who won the 2021 Subroto Award are:

1. PT Aneka Tambang Tbk (ANTAM)

Mandatory Payment Category with the Highest PNBP Payment Compliance Level - BUMN IUP

3 Anggota MIND ID Raih Penghargaan Subroto 2021

Faidah Umu Sofuroh - detikFinance

B UMN Holding Industri Pertambangan MIND ID, atau Mining Industry Indonesia, yang ber-anggotakan PT ANTAM Tbk, PT Bukit Asam Tbk, PT Freeport Indonesia, PT Inalum (Persero) dan PT Timah Tbk menyampaikan tiga perusahaan anggotanya berhasil meraih Penghargaan Subroto 2021. Penghargaan ini digelar oleh Kementerian Energi dan Sumber Daya Mineral (ESDM) pada Selasa (28/9).

Penghargaan Subroto 2021 adalah acara peng- hargaan yang digagas oleh Kementerian ESDM dan telah berlangsung selama 4 tahun berturut-turut. Penghargaan ini diberikan kepada para pemangku kepentingan dan pelaku usaha yang turut berperan aktif mem- bangun sektor energi dan pertambangan mineral batu bara selama satu tahun terakhir.

Tiga Anggota MIND ID yang berhasil meraih Penghargaan Subroto 2021 adalah:

1. PT Aneka Tambang Tbk (ANTAM)

Kategori Wajib Bayar Dengan Tingkat

Kepatuhan Pembayaran PNBP Tertinggi -

IUP BUMN

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Daily News Update Page 16

2. PT Bukit Asam Tbk (PTBA)

Mandatory Payment Category with the Largest PNBP Contribution - BUMN IUP 3. PT Freeport Indonesia (PTFI)

Mandatory payment Category with the Largest PNBP Contribution - Contract of Work

MIND ID Group CEO Orias Petrus Moedak said the 2021 Soebroto Award was a reflection of the company's commitment to making an optimal contribution to the country.

"The appreciation of the 2021 Soebroto Award to the MIND ID Group will increase our commitment to provide added value to managed mineral and coal resources, through good sustainable mining practices and governance," he said in a written statement, Tuesday (5/10/ 2021).

The 2021 Subroto Award is the fourth event to be held for the first time since 2017 and is the result of a collaboration between the Ministry of EMR and the United Nations Development Program (UNDP). The name Subroto was taken from Prof. Subroto as Minister of Mines and Energy for the period 1978 - 1988.

(akn/ega)

2. PT Bukit Asam Tbk (PTBA)

Kategori Wajib Bayar dengan Kontribusi PNBP Terbesar - IUP BUMN

3. PT Freeport Indonesia (PTFI)

Kategori Wajib Bayar dengan Kontribusi PNBP Terbesar - Kontrak Karya

CEO Grup MIND ID Orias Petrus Moedak mengatakan Penghargaan Soebroto 2021 merupakan refleksi atas komitmen per- usahaan dalam memberikan kontribusi yang optimal kepada negara.

"Apresiasi Penghargaan Soebroto 2021 kepada Grup MIND ID akan meningkatkan komitmen kami untuk memberikan nilai tambah atas sumber daya mineral dan batu bara yang dikelola, melalui praktik dan tata kelola penambangan yang baik secara berkelanjutan," katanya dalam keterangan tertulis, Selasa (5/10/2021).

Penghargaan Subroto 2021 merupakan gelaran keempat yang dilangsungkan pertama kali sejak 2017 dan merupakan hasil kolaborasi antara Kementerian ESDM dengan United Nations Development Programme (UNDP). Nama Subroto diambil dari Prof. Subroto selaku Menteri Pertambangan dan Energi periode 1978 - 1988. (akn/ega)

SOE Minister Appreciates PT Timah's Support at PON XX

Papua

Rangga Prakoso

M INISTER of State-Owned Enterprises (BUMN) Erick Thohir appreciated the member of the Indonesian Mining Holding MIND, namely PT Timah Tbk, who had supported...

Menteri BUMN Apresiasi Dukungan PT Timah di PON XX

Papua

Rangga Prakoso

M ENTERI Badan Usaha Milik Negara

(BUMN) Erick Thohir mengapresiasi

anggota Holding Pertambangan Indonesia

MIND yakni PT Timah Tbk yang telah

mendukung...

(17)

Daily News Update Page 17

who had supported the contingent of the Bangka Belitung Islands Province in the XX National Sports Week (PON) event held in Papua.

Erick assessed that the steps taken by PT Timah were very good. Where the issuer with the TINS code facilitates flight tickets for the departure of the athletes and their team of 178 people.

In addition, to spur the achievements of Babylon's athletes, PT Timah also provides bonuses for athletes who win medals.

"I think it's good, I heard that PT Timah Tbk supports the Bangka Belitung contingent, I think it's good," Erick said in his statement in Jakarta, Tuesday (5/10).

In addition to PT Timah, Erick also appreciated PT Freeport Indonesia for building a basketball match facility, the Mimika Basketball Sport Center Gymnasium and athletics, the Mimika Sport Center.

"Then there is PT Freeport which built a basketball building, athletics as well, in accordance with the SOE's grand strategy carried out in collaboration with the Ministry of Youth and Sports. We embrace national sports," he added.

Overall, Erick praised the XX Papua PON event which was held this year. "This of course can also be an inspiration for other provinces," explained Erick. Editor : Gora Kunjana

yang telah mendukung kontingen Provinsi Kepulauan Bangka Belitung dalam per- helatan Pekan Olahraga Nasional (PON) XX yang diselenggarakan di Papua.

Erick menilai langkah yang dilakukan PT Timah sudah sangat bagus. Dimana emiten Berkode TINS ini memfasilitasi tiket pesawat keberangkatan para atlet beserta tim sebanyak 178 orang.

Selain itu, untuk memacu prestasi atlet Babel, PT Timah juga memberikan bonus bagi atlet yang berhasil meraih medali.

"Saya rasa bagus, saya mendengar PT Timah Tbk mendukung kontingen Bangka Belitung, saya rasa bagus," kata Erick dalam keterangannya di Jakarta, Selasa (5/10).

Selain PT Timah, Erick juga mengapresiasi PT Freeport Indonesia yang sudah mem- bangun sarana pertandingan bola basket, GOR Basket Sport Center Mimika dan atletik, Mimika Sport Center.

"Lalu ada PT Freeport yang bangun gedung bola basket, atletik juga, sudah sesuai dengan strategi besar BUMN yang di- lakukan kerja sama dengan Kemenpora.

Kita rangkul olahraga nasional," tambah- nya.

Secara keseluruhan Erick memuji, gelaran PON XX Papua yang dilaksanakan tahun ini. “Hal ini tentunya juga dapat menjadi inspirasi bagi Provinsi lain,” jelas Erick.

Editor : Gora Kunjana

(18)

Daily News Update Page 18

One Word For Coal: Wow...

Hidayat Setiaji, CNBC Indonesia

C OAL prices rose again. The hunt for the black stone made prices soar.

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

280/ton. It's a 12.45% jump over the previous day and is the highest since at least 2008.

The price of coal has been absolutely incredible this year. In the past week, the price shot up 21.62% on a point-to-point basis. Over the past month it has increased 50.4%.

Since the end of 2020 (year-to-date), coal prices have skyrocketed by 234.78%.

Wow...

Soaring natural gas prices are the main cause of the increase in coal prices. When the price of natural gas is getting more expensive, using cheaper coal is certainly a realistic choice.

At 05:41 WIB, the price of natural gas at Henry Hub (Oklahoma, United States) was recorded at US$ 6.31/MMBtu. It jumped 1.88% and the previous day and was the highest on record since 2008.

In the past week, natural gas prices rose 7.31% and during the past month the increase reached 34.34%. On a year-to- date basis, prices rose 148.52%.

In Europe, the cost of generating electricity with natural gas is EUR 89.4/MWh on 5 October 2021. With coal, the price is only EUR 58.06/MWh. This makes coal back to being excellent, even in Europe, which upholds the issue of being environmentally friendly.

Satu Kata Buat Batu Bara: Wow...

Hidayat Setiaji, CNBC Indonesia

H ARGA batu bara naik lagi. Perburuan terhadap si batu hitam membuat harga melambung tinggi.

Kemarin, harga batu bara di pasar ICE Newcastle (Australia) ditutup di US$

280/ton. Melonjak 12,45% dibandingkan hari sebelumnya sekaligus jadi yang ter- tinggi setidaknya sejak 2008.

Harga batu bara benar-benar luar biasa tahun ini. Dalam sepekan terakhir, harga melesat 21,62% secara point-to-point.

Selama sebulan ke belakang kenaikannya 50,4%.

Sejak akhir 2020 (year-to-date), harga batu bara meroket 234,78%. Wow...

Harga gas alam yang melonjak menjadi penyebab utama kenaikan harga batu bara.

Saat harga gas alam semakin mahal, menggunakan batu bara yang lebih murah tentu adalah pilihan yang realistis.

Pada pukul 05:41 WIB, harga gas alam di Henry Hub (Oklahoma, Amerika Serikat) tercatat US$ 6,31/MMBtu. Melonjak 1,88%

dan hari sebelumnya dan menjadi rekor tertinggi sejak 2008.

Dalam sepekan terakhir, harga gas alam naik 7,31% dan selama sebulan ke belakang kenaikannya mencapai 34,34%.

Secara year-to-date, harga naik 148,52%.

Di Eropa, biaya pembangkitan listrik

dengan gas alam adalah EUR 89,4/MWh

pada 5 Oktober 2021. Dengan batu bara,

harganya hanya EUR 58,06/MWh. Ini

membuat batu bara kembali menjadi

primadona, bahkan di Eropa yang men-

junjung tinggi isu ramah lingkungan.

(19)

Daily News Update Page 19

"Looking at the situation in Europe, natural gas can no longer compete with coal. As a result, the use of coal is increasing," said the study by ELS Analysis, an energy consultancy based in Sweden, as quoted by Reuters.

Not only in Europe, demand in Asia also shot up. Commerzbank's research said that the hot weather and economic recovery in China made the demand for coal increase.

CNBC INDONESIA RESEARCH TEAM (aji/aji)

"Melihat situasi di Eropa, gas alam sudah tidak lagi bisa bersaing dengan batu bara.

Akibatnya, penggunaan batu bara semakin meningkat," sebut kajian ELS Analysis, konsultan energi yang berbasis di Swedia, seperti dikutip dari Reuters.

Tidak hanya di Eropa, permintaan di Asia pun melesat. Riset Commerzbank menyebut cuaca panas dan pemulihan ekonomi di China membuat kebutuhan batu bara meningkat. TIM RISET CNBC INDONESIA (aji/aji)

Baru Gold breaks ground on its Sangihe gold project in Indonesia

By Vladimir Basov

B ARU Gold announced Tuesday that it has commenced construction of phase one of the Sangihe gold project in Indonesia.

Construction will consist of clearing land, building two 100,000 tonnes heap leach pads, pit overburden removal, preparation of waste dumps, a crushing facility, and a processing plant area including access roads, the company said.

In its statement, Baru noted that construction of the heap leach pad system is targeted to be completed and operational by December 2021, with first production gold pour in Q1 2022.

President and CEO Terry Filbert commented, "The successful start of construction of the pit, pads, and pond facilities is a tremendous milestone for our Sangihe project. Once operations are running smoothly and Sangihe starts generating reliable cashflow we will invest that cashflow to expand the resource through an extended exploration and drilling program. This will allow us to expand production and the mine's life. We will provide further updates on the heap leach operations in the weeks to come."

The Sangihe gold project is located on the Indonesian island of Sangihe, off the northern coast

of Sulawesi. Sangihe has an existing National Instrument 43-101 inferred mineral resource of

114,700 indicated and 105,000 inferred ounces of gold. The company intends to proceed to

production without the benefit of first establishing mineral reserves supported by a

feasibility study.

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Daily News Update Page 20

Metso Outotec highlights magnetic separation expertise

Posted by Daniel Gleeson

M ETSO Outotec has introduced a magnetic separators portfolio that, it says, caters to a wide variety of applications with the separators’ flexible modular design enabling superior separation selectivity and improved recovery of fine and ultra-fine particles.

Metso Outotec High Gradient Magnetic Separators are designed to recover weakly magnetic material from non-magnetic matter and can be used for many applications including the processing of iron ores, rare earths and other weakly magnetic minerals, which are not normally treatable by ordinary magnetic separators.

The Low Intensity Magnetic Separators, which are designed to recover magnetic material from non-magnetic matter, are part of Metso Outotec’s Planet Positive product offering. The separators use physical separation and require no chemicals in the process. The Low Intensity Magnetic Separators feature modular design with several frames and process tank designs and use a common magnetic drum for ease of selection of the best machine for each individual application, the company says.

Metso Outotec’s offering also includes the SLon® Vertically Pulsating High-Gradient Magnetic Separator, which processes fine, weakly-magnetic minerals. The units are wet, high-intensity magnetic separators that use a combination of magnetic force, pulsating fluid and gravity to process minerals.

Jan Jirestig, Product Manager, Magnetic Separators, Metso Outotec, says: “We have a long history in magnetic separation, and we delivered the first separator back in the 1890s. Since then, we’ve developed and delivered thousands of magnetic separators worldwide. We are continuously developing our products, securing our position at the forefront of the magnetic separation industry.”

Gold production from top miners to recover in H2 — report

MINING.com Editor

T HE COLLECTIVE production of the top 10 global gold producers is expected to recover by around 13.5% in H2 2021 compared with H1, should their 2021 production guidance all be met, according to a GlobalData report.

The UK-based data analytics company estimates that total production is expected to reach 14.9 million ounces in H2, up from 13.1 million ounces in H1.

“The companies saw a collective 1.1% drop in production in H1 2021 compared to H1 2020

due to barriers such as lower ore grades, the sale of assets, reduced mill throughput and

lower recoveries. While this production is now expected to recover in H2, overall output for

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Daily News Update Page 21

2021 will remain relatively flat, keeping around 27-28moz,” said Vinneth Bajaj, associate project manager at GlobalData.

Of the top gold producers, the highest production increase in H1 2021 came from Agnico Eagle due to increased mining and milling rates, as well as higher grades at the Meadowbank complex. The company also saw higher throughput at its Meliadine site.

Meanwhile, the companies that saw the most significant falls in production during H1 were AngloGold Ashanti (a 6.1% loss), Barrick (12.9%) and Newcrest (7.1%). The collective output from these companies declined to 4.4moz in H1 2021 from nearly 5moz in the same period last year.

“While AngloGold’s Q1 operations were affected by operational challenges such as low ore grades, lower mill throughput and increased operational costs, Q2 operations were impacted by both the pandemic and the suspension of underground mining activities at Obuasi following a fall-of-ground incident in May 2021,” said Bajaj.

“Meanwhile, Barrick’s output was impacted due to the transition of its Goldstrike autoclave from acid to alkaline ore, a drop in the amount of ore processed at the Carlin roasters during Q1 2021, and a failure at one of the two mills at the Carlin mine in Q2 — coupled with extended planned maintenance shutdown at the Turquoise Ridge’s Sage autoclave. In addition, lower recovery and throughput at several mines further reduced the H1 2021 production.”

GlobalData also identified the top five countries for gold production: China, Australia, Russia, US and Canada. Overall, production from these countries is expected to increase by 5.7% to 50.8moz in 2021.

“Production in China, after reaching an all-time high in 2014 and a subsequent downtrend, is

expected to grow by around 4% in 2021. The country has been tackling issues related to

frequent policy changes and depleting ore reserves, to which the pandemic became an

additional challenge in 2020,” Bajaj said.

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Daily News Update Page 22

Production in Indonesia will increase by 13.7% owing to a rise in output from Grasberg — among the world’s five largest gold mines — following a transition to underground activities during H1 2019, GlobalData reported.

Following steep declines in 2020, production is also expected to increase in Canada and Western Africa in 2021.

Iron ore sees Australian trade set another record: ABS

Henry Ballard

M INERAL and metal exports have underpinned a monthly record for the Australian export revenue surplus, according to the Australian Bureau of Statistics (ABS).

The ABS’ monthly report on international trade in goods and services shows the goods and services surplus rise above $15 billion in August, as exports rose 4 per cent.

This was aided by strength in iron ore and coal which both saw growth on the previous month.

Iron ore lump export quantities grew by 8 per cent, while fines grew by 5 per cent.

Hard coking coal exports quantities rose by 14 per cent on July figures and semi-soft coal grew by 6 per cent.

Thermal coal was the only one of the ABS’ selected commodities to lose ground (down 3 per cent) in August, after it was the only gain of the group in July.

Minerals Council of Australia (MCA) chief executive officer Tania Constable said these figures highlighted the importance of the sector as the economy recovers.

“Trade data released by the Australian Bureau of Statistics today has highlighted the important role of the mining industry in the Australian economy as we manage the impacts of the COVID-19 pandemic,” Constable said.

“In August 2021, Australia exported $33.9 billion of mineral, metal and energy commodities which accounted for 69 per cent of our export revenue and were the foundation of a new record-high trade surplus.”

Iron ore exports remained the country’s most valuable export, rising 52 per cent year-on-year to hit $15.5 billion.

Coal has seen even greater growth, increasing by 74 per cent year-on-year to $5.5 billion.

“Resources export revenue is driving new job-creating investment in mining and its supply

chains, paying the wages of 256,000 Australians, and generating tax and royalty revenue

when governments need it most,” Constable added.

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Daily News Update Page 23

August’s surplus revenue set a consecutive monthly record after July set its own seasonally adjusted record of $12.1 billion.

Combined exports for thermal and coking coal reached almost $4.7 billion in July, which was 58 per cent higher than July 2020.

China imports coal from Australia again

T HE FINANCIAL Times reported on Monday that Chinese importers started to unload Australian coal as demand for coal surges despite the import ban imposed by the Chinese authority on Australian coal in retaliation against Australia for taking sides with the U.S. amid the U.S.-China rivalry. Critics argue that China gave in to Australia in the face of the suspension of coal-fired power plants and resultant power outages.

According to the newspaper, at major Chinese ports, coals are unloaded from Australian vessels that were stranded in the sea. Nick Ristic, lead dry cargo analyst at Braemar ACM Shipbroking, reported that approximately 45 tons of coal were unloaded so far.

Global energy consulting firm Kepler also admitted to The Financial Times that 383,000 tons of Australian coal were unloaded from five carriers last month. The local traders consider the move as the Chinese authority’s signal that allows customs clearance.

In 2020, the Chinese government ordered the state-owned energy corporations and steel mills to “stop importing Australian coal” in retaliation against Australia, the world’s biggest coal exporter. As a result, Australia incurred a loss of approximately 3.9 billion dollars (approximately 4.6342 trillion won).

The import ban on Australian coal and Chinese President Xi Jinping’s “green energy initiative and carbon neutrality goal” initiated coal shortages in China. This led to power outages in north-east China, leading to factory shutdown and leaving millions of homes in darkness and cold.

The local governments, including Jilin province, are struggling to import coal from Indonesia,

Russia, Mongolia, and Kazakhstan, but the surging global demand for coal raised the price,

making it difficult for China to have access to coal imports.

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Daily News Update Page 24

First Cobalt awards refinery contract to Metso Outotec

Canadian Mining Journal Staff

F IRST Cobalt (TSXV: FCC) announced that it has awarded a contract to industry expert Metso Outotec for the design and manufacturing of solvent extraction (SX) cells as well as technical support for the layout of a new solvent extraction plant and its process control.

The solvent extraction contract is the largest and most important equipment package now under contract for the refinery in Ontario.

Commissioning of phase one of First Cobalt’s low-carbon hydrometallurgical refinery is scheduled for the fourth quarter of 2022, targeting annual production of 25,000 tonnes of cobalt sulphate annually

Once operational, First Cobalt’s refinery will be the only producer of battery-grade cobalt for the North American electric vehicle (EV) market, capable of supplying over 1 million vehicles per year, responding to strong and growing demand.

Metso Outotec’s solution involves the latest advancements in solvent extraction in terms of modular design, process control and ease of installation and startup. The installation time of the modular mixer-settlers will be 30% less than conventional equipment used at other projects. In addition to the reduction in site install time, the footprint needed for the selected plant equipment is less than conventional solvent extraction equipment.

Phase one deployment of First Cobalt’s three-phase approach to market entry will focus on processing cobalt hydroxide to produce a high-quality, sustainable and traceable battery- grade cobalt sulphate.

Canada's copper export jumps 73% in August - StatCan

By Vladimir Basov

A CCORDING to a data by Statistics Canada (StatCan) released today, total exports from Canada increased 0.8% in August to $54.4 billion, a third consecutive monthly gain.

StatCan said that exports of metal and non-metallic mineral products rose 4.0% in August to a

record $6.9 billion. Higher export values of copper (+72.9%), iron and steel (+6.2%) and

aluminum (+5.8%) products were responsible for more than three-quarters of that gain, the

authors of a report noted.

TABLE OF CONTENTS. No. Title Media Source Page

Daily News Update Page 1

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October HBA Rises Again, Breaks USD161.63 per Ton HBA Oktober Naik Lagi, Tembus USD161,63 per Ton

This is Vale Indonesia (INCO)'s move to maintain nickel supply Begini jurus Vale Indonesia (INCO) untuk jaga pasokan nikel Antam Jumps Higher

Antam Melompat Lebih Tinggi

Following PLN's Plan, PTBA Drives NRE Projects in Former Coal Mines

Ikut Rencana PLN, PTBA Pacu Proyek EBT di Bekas Tambang Batu Bara

Coal Prices Soar, Adaro Focuses on Operational Excellence Harga Batubara Melesat, Adaro Fokus Keunggulan

Operasional

PLN: Coal Needs to Generate 153 Million Tons in 2030

PLN: Kebutuhan Batu Bara Pembangkit 153 Juta Ton di 2030 Mining commodity prices rise, pay attention to stock

recommendations TINS, ANTM, PTBA

Harga komoditas tambang naik, cermati rekomendasi saham TINS, ANTM, PTBA

3 MIND ID Members Win Subroto 2021 Awards 3 Anggota MIND ID Raih Penghargaan Subroto 2021

SOE Minister Appreciates PT Timah's Support at PON XX Papua Menteri BUMN Apresiasi Dukungan PT Timah di PON XX Papua

One Word For Coal: Wow...

Satu Kata Buat Batu Bara: Wow...

Baru Gold breaks ground on its Sangihe gold project in Indonesia

Metso Outotec highlights magnetic separation expertise

KESDM

Kontan

Investor Daily

Bisnis

Republika

CNBC Indonesia

Kontan

DetikFinance

Investor Daily

CNBC Indonesia

Kitco News

Int'l Mining

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Gold production from top miners to recover in H2 — report Iron ore sees Australian trade set another record: ABS China imports coal from Australia again

First Cobalt awards refinery contract to Metso Outotec Canada's copper export jumps 73% in August - StatCan EIA: U.S. coal output falls 24 percent, but electric sector supply rises slightly

Mining.com Australian Mining The Dong-A Ilbo Mining.com Kitco News

Power Engineering

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Daily News Update Page 3

October HBA Rises Again, Breaks USD161.63 per Ton

T HE REFERENCE Coal Price (HBA) in October 2021 rose again, reaching USD 161.63 per tonne. This figure is influenced by the increasing demand for coal in China due to the increasing demand for coal for power generation which exceeds the domestic coal supply capacity.

Agung said.

Had been sloping in February-April 2021, HBA recorded a consecutive increase in the period May-September 2021. The increase continued to be consistent until October 2021 by recording a new record high.

HBA Oktober Naik Lagi, Tembus USD161,63 per Ton