TABLE OF CONTENTS. No. Title Media Source Page

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Daily News Update Page 1

Resources (ESDM) revealed that the realization of non-tax state revenue (PNBP) from the mineral and coal mining sector by the end of 2020 was Rp 34,627 trillion. This achievement exceeded the target set last year of Rp 31.41 trillion. The PNBP target in 2021 is set at Rp39.1 trillion, higher than last year. The Director of Mineral and Coal Revenue at the Ministry of ESDM, Jonson Pakpahan, said that the PNBP minerba has exceeded the target since the second week of December. His party also projects that the realization of the 2020 PNBP will penetrate the level of Rp 34 trillion.

"As of December 31, 2020, the realization of mineral and coal PNBP has reached Rp 34.627 trillion. It exceeds the target set," Jonson told Investor Daily in Jakarta, Tuesday (5/1).

Jonson said that the improving coal price factor towards the end of 2020 was a determining factor in the achievement of PNBP. Apart from that, another factor that makes the PNBP target achieved is the company's compliance in fulfilling tax obligations.

The current system requires each sale to pay a royalty in advance in order for shipment. Without paying off the royalties, the harbormaster will not release the transport ship.

"So the system integration between Ministries/Agencies is getting better, so company compliance is getting better. And we also...

PNBP Minerba 2020 Capai

110% dari Target

Rangga Prakoso

([email protected])

K

EMENTERIAN Energi dan Sumber Daya

Mineral (ESDM) mengungkapkan realisasi penerimaan negara bukan pajak (PNBP) sektor pertambangan mineral dan batu bara hingga akhir 2020 sebesar Rp34,627 triliun. Capaian tersebut melampaui target yang ditetapkan tahun lalu sebesar Rp31,41 triliun. Target PNBP di 2021 ditetapkan Rp39,1 triliun lebih tinggi dibanding tahun lalu. Direktur Penerimaan Mineral dan Batu Bara Kementerian ESDM Jonson Pakpahan mengatakan PNBP minerba telah melampaui target sejak pekan kedua Desember lalu. Pihaknya pun memproyeksikan realisasi PNBP 2020 bakal menembus level Rp34 triliun.

"Hingga 31 Desember 2020 realisasi PNBP minerba mencapai Rp 34,627 triliun. Melebihi target yang ditetapkan," kata Jonson kepada Investor Daily di Jakarta, Selasa (5/1).

Jonson menuturkan faktor harga batu bara yang membaik jelang akhir 2020 menjadi penentu dalam capaian PNBP. Selain itu faktor lain yang membuat target PNBP ter-capai yakni kepatuhan perusahaan dalam menunaikan kewajiban pajak.

Sistem yang diterapkan saat ini mensyarat-kan setiap penjualan harus membayar royalti lebih dahulu agar bisa pengapalan. Tanpa pelunasan royalti maka syahbandar tidak akan melepas kapal angkut.

"Jadi integrasi sistem antar Kementerian/ Lembaga sudah semakin baik, sehingga kepatuhan perusahaan semakin baik. Dan ini juga...

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Daily News Update Page 4 And we also evaluate this continuously so

that if there are still weaknesses we can fix them for better supervision," he said. Based on Investor Daily records, initially the 2020 PNBP target was set at Rp 44.4 trillion. The target was later revised to Rp35.93 trillion.

The second target was revised again so that the 2020 PNBP mineral and coal revenue was pegged at Rp 31.41 trillion. The revised target is in line with the Covid-19 pandemic that has hit the world economy. The sluggishness of the economy is pressing down on coal prices.

Since Covid-19 was declared a global pandemic throughout 2020, the reference coal price (HBA) was opened at the level of US$ 65.93/ton in January 2020. It had strengthened by 0.28% to the level of US$ 67.08/ton in March compared to February US$ 66.89/ton.

Then, the HBA continued to weaken to the level of US$ 65.77/ton in April and US$ 61.11/ton in May.

In June, prices fell to US$ 52.98/ton, July to US$ 52.16/ton, and August to US$ 50.34/ton. Then in September the HBA fell to the position of US$ 49.42/ton.

Meanwhile in October, it rose again to the level of US$ 50/ton, namely US$ 51/ton. The price was getting stronger in November with the position of US$ 55.71/ton and in December it was at the level of US$ 59.65/ton.

In early 2021, the price of coal has skyrocketed to the level of US$ 70/ton, which is US$ 75.84/ton. This price is higher than in early 2020. Jonson said that this year's PNBP is determined based on the HBA assumption of US$ 70/ton. Then coal production is still at the level of 500 million tons.

Dan ini juga kita evaluasi terus menerus supaya kalau masih ada kelemahan kita perbaiki untuk pengawasan yang lebih baik," ujarnya.

Berdasarkan catatan Investor Daily, awal-nya target PNBP 2020 ditetapkan sebesar Rp44,4 triliun. Target tersebut kemudian direvisi menjadi Rp35,93 triliun.

Target kedua itu pun kembali direvisi sehingga penerimaan PNBP minerba 2020 dipatok sebesar Rp31,41 triliun. Revisi target tersebut seiring dengan pandemi Covid-19 yang memukul perekonomian dunia. Lesunya roda perekonomian me-nekan harga batu bara.

Semenjak Covid-19 ditetapkan sebagai pandemi global sepanjang 2020, harga batu bara acuan (HBA) dibuka pada level US$65,93/ton pada Januari 2020. Sempat menguat sebesar 0,28% pada level US$67,08/ton di Maret dibanding Februari US$66,89/ton.

Kemudian, HBA terus mengalami pele-mahan ke level US$ 65,77/ton di April dan US$ 61,11/ton di Mei.

Selanjutnya di Juni harga turun ke posisi US$ 52,98/ton, Juli US$ 52,16/ton, dan Agustus US$ 50,34/ton. Kemudian di September HBA anjlok ke posisi US$ 49,42/ton.

Sementara itu di Oktober kembali naik ke level US$50-an/ton yakni US$51/ton. Harga semakin menguat di November dengan posisi US$55,71/ton dan di Desember ber-tengger di level US$59,65/ton.

Pada awal 2021 ini harga batu bara meroket tembus ke level US$70-an/ton yakni sebesar US$75,84/ton. Harga ini lebih tinggi dibandingkan awal 2020 silam. Jonson mengungkapkan PNBP di tahun ini ditetapkan berdasarkan asumsi HBA sebesar US70/ton. Kemudian produksi batu bara masih di level 500-an juta ton.

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Daily News Update Page 5 He hopes that this year, coal prices will

improve. It's just that he is reluctant to project that prices will continue to be at the level of US$ 70/ton.

"We will be more relieved if the price can be above US$ 70/ton, like in 2018 or early 2019," he said. Editor: Gora Kunjana

Dia berharap di tahun ini, harga batu bara kian membaik. Hanya saja dia enggan memproyeksikan harga bakal terus berada di level US$70/ton.

"Kita akan lebih lega jika harga bisa di atas US$70/ton, seperti tahun 2018 atau awal 2019," tuturnya. Editor : Gora Kunjana

The market is improving, Bumi

Resources (BUMI) is targeting

coal production to increase by

5% this year

Reporter: Akhmad Suryahadi | Editor: Herlina Kartika Dewi

T

HE PROSPECT of improving coal prices this year has made a number of issuers adopt an expansive mode. On Monday (4/1), Newcastle coal prices were at the level of US$ 81.4 per ton.

Reference Coal Prices (HBA) also show a positive trend from the end of 2020 to the beginning of 2021. The Ministry of ESDM determined that the HBA during January's trade rose US$ 16.19 per ton or 27.14% to the level of US$ 75.84 per ton compared to the HBA December 2020 which was only US$ 59.65 per ton.

Director and Corporate Secretary of PT Bumi Resources Tbk (BUMI) Dileep Srivastava sees a growth of at least 5% in demand for thermal coal this year.

This is inseparable from the recovery of the coal market compared to 2020, where last year the coal industry was filled with various challenges, including the Covid-19 pandemic.

Pasar membaik, Bumi

Resources (BUMI) targetkan

produksi batubara naik 5%

tahun ini

Reporter: Akhmad Suryahadi | Editor: Herlina Kartika Dewi

P

ROSPEK harga batubara yang membaik

tahun ini membuat sejumlah emiten memasang mode yang ekspansif. Pada Senin (4/1), harga batubara Newcastle berada di level US$ 81,4 per ton.

Harga Batubara Acuan (HBA) juga menujukkan tren positif dari akhir 2020 hingga awal tahun 2021. Kementerian ESDM menetapkan HBA selama perda-gangan bulan Januari naik US$ 16,19 per ton atau 27,14% ke level US$ 75,84 per ton dibandingkan HBA bulan Desember 2020 yang hanya US$ 59,65 per ton.

Direktur dan Sekretaris Perusahaan PT Bumi Resources Tbk (BUMI) Dileep Srivastava melihat adanya pertumbuhan minimal 5% terhadap permintaan batu-bara thermal pada tahun ini.

Hal tersebut tidak terlepas dari pulihnya pasar batubara dibandingkan dengan tahun 2020, dimana tahun lalu industri batubara dipenuhi dengan berbagai tantangan, termasuk pandemi Covid-19.

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Daily News Update Page 6 The distribution and vaccination processes

should also serve to sustain the market further.

"We estimate that coal prices will continue to increase in the first half of 2021," said Dileep when contacted by Kontan.co.id, Tuesday (5/1).

Dileep continued, BUMI's internal plan this year is to produce coal 5% higher than the 2020 target.

To note, last year BUMI's production volume was installed in the range of 83 million tons-85 million tons.

As an illustration, as of the third quarter of 2020, BUMI's volume of coal mined has decreased due to the pandemic. BUMI's production volume was 60.7 million tonnes or a 3% decrease from the realization of production in the same period the previous year, which was 62.8 million tonnes.

In detail, PT Kaltim Prima Coal (KPC) produced 44.4 million tons while PT Arutmin Indonesia produced 16.2 million tons of coal. The realization of BUMI's overburden (OB) removal also fell slightly by 0.3% to 480.5 million bank cubic meters (bcm).

The same thing also happened to BUMI's sales volume as of the third quarter of 2020. BUMI was recorded to sell 60 million tons of coal, down 5% from sales in the same period the previous year which reached 63.1 million tons.

Proses distribusi dan vaksinasi pun seharusnya bisa berfungsi untuk me-nopang pasar lebih lanjut.

“Kami perkirakan harga batubara akan tetap meningkat di semester pertama 2021,” ujar Dileep saat dihubungi Kontan.co.id, Selasa (5/1).

Dileep melanjutkan, rencana internal BUMI tahun ini adalah memproduksi batubara 5% lebih tinggi dari target 2020.

Untuk diketahui, tahun lalu volume produksi BUMI dipasang dengan kisaran 83 juta ton-85 juta ton.

Sebagai gambaran, per kuartal ketiga 2020, volume batubara yang ditambang BUMI mengalami penurunan akibat pandemi. Volume produksi BUMI sebesar 60,7 juta ton atau menurun 3% dari realisasi produksi di periode yang sama tahun sebelumnya yakni 62,8 juta ton.

Secara rinci, PT Kaltim Prima Coal (KPC) memproduksi 44,4 juta ton sementara PT Arutmin Indonesia memproduksi 16,2 juta ton batubara. Realisasi pengupasan lapisan atau overburden (OB) removal BUMI juga turun tipis 0,3% menjadi 480,5 juta bank cubic meter (bcm).

Hal yang sama juga terjadi pada volume penjualan BUMI per kuartal ketiga 2020. BUMI tercatat menjual 60 juta ton batu-bara, turun 5% dari realisasi penjualan pada periode yang sama tahun sebelumnya yang mencapai 63,1 juta ton.

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Bukit Asam (PTBA) is optimistic

that this year's coal production

will increase

Denis Riantiza Meilanova

P

T BUKIT Asam Tbk. is optimistic that this year's coal production will increase in line with the potential for an increase in coal demand.

PTBA Corporate Secretary Apollonius Andwie C. said that coal demand is projected to experience recovery this year. This can be seen from the increasing absorption capacity of coal from the end of 2020, both for domestic and export demand.

"We project that this increase will continue to occur in line with the post-epidemic recovery," he told Bisnis, Tuesday (5/1/2021).

With this potential increase in demand, the company estimates that coal production this year will also increase. "Production will certainly increase along with the increase in demand."

PTBA coal production up to the third quarter of 2020 reached 19.4 million tons. The realization is equivalent to 77 percent of this year's target which has been adjusted to be 25.1 million tonnes.

Previously, PTBA President Director Arviyan Arifin said that the realization of production until September 2020 had decreased by 10 percent when compared to the realization in the same period last year.

The decline was caused by weak demand for coal in the first half of 2020, when the early days of the Covid-19 pandemic broke out.

Bukit Asam (PTBA) Optimistis

Produksi Batu Bara Tahun Ini

Meningkat

P

T BUKIT Asam Tbk. optimistis produksi batu bara tahun ini akan meningkat seiring dengan adanya potensi peningkatan per-mintaan batu bara.

Sekretaris Perusahaan PTBA Apollonius Andwie C. mengatakan bahwa permintaan batu bara diproyeksikan mengalami pemulihan pada tahun ini. Hal ini dilihat dari daya serap batu bara yang semakin meningkat dari akhir 2020, baik untuk permintaan domestik maupun ekspor. "Kami memproyeksikan peningkatan ini akan terus terjadi seiring dengan pemu-lihan kondisi pasca-pandemi," ujarnya kepada Bisnis, Selasa (5/1/2021).

Dengan adanya potensi peningkatan per-mintaan ini, perseroan memperkirakan produksi batu bara tahun ini juga meng-alami peningkatan. "Untuk produksi tentu akan meningkat seiring dengan peningkatan permintaan."

Produksi batu bara PTBA sampai dengan kuartal III/2020 mencapai 19,4 juta ton. Realisasi tersebut setara dengan 77 persen dari target tahun ini yang telah disesuaikan menjadi 25,1 juta ton.

Sebelumnya, Direktur Utama PTBA Arviyan Arifin mengatakan bahwa realisasi produksi hingga September 2020 itu menurun 10 persen bila dibandingkan dengan realisasi pada periode yang sama tahun lalu.

Penurunan disebabkan oleh lemahnya per-mintaan batu bara pada semester pertama 2020, yakni ketika masa awal pandemi Covid-19 merebak.

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Daily News Update Page 8 On the other hand, in line with the global

economic recovery, PTBA is also optimistic that coal commodity prices this year will continue to increase.

Coal commodities started 2020 positively after the January 2020 reference coal price (HBA) rose to a level of US$ 75.84 per ton or 27.14 percent higher than December 2020 which was at the level of US$ 59.65 per ton. Editor: Zufrizal

Di sisi lain, seiring dengan pemulihan ekonomi global, PTBA juga optimistis harga komoditas batu bara tahun ini akan terus meningkat.

Komoditas batu bara mengawali 2020 dengan positif setelah harga batu bara acuan (HBA) Januari 2020 naik ke level US$75,84 per ton atau 27,14 persen lebih tinggi dibandingkan Desember 2020 yang berada di level US$59,65 per ton. Editor : Zufrizal

2020 Coal Production Exceeds

the Target, But Exports Are

Slowing Down

Anisatul Umah, CNBC Indonesia

I

NDONESIA's coal production throughout

2020 has been recorded at 557.54 million tons, higher than the target set by the government of 550 million tons.

However, for coal exports, based on data from the Minerba One Data Indonesia (MODI) Ministry of Energy and Mineral Resources quoted by CNBC Indonesia as of Tuesday (05/01/2020), the realization was still lower than the planned target. Based on the MODI data, the realization of coal exports throughout 2020 only reached 305.77 million tons or only 77.41% of the government's set target of 395 million tons.

Based on these data, the highest export occurred in January 2020 amounting to 31.78 million tons.

When compared to 2019, exports in 2020 fell by 32.7%. This is because, in 2019...

Produksi Batu Bara 2020 Lebihi

Target, Tapi Ekspornya Melesu

P

RODUKSI batu bara Indonesia sepanjang

2020 telah tercatat mencapai 557,54 juta ton, lebih tinggi dari target yang ditetapkan pemerintah sebesar 550 juta ton.

Namun demikian, untuk ekspor batu bara, berdasarkan data dari Minerba One Data Indonesia (MODI) Kementerian Energi dan Sumber Daya Mineral yang dikutip CNBC Indonesia per Selasa (05/01/2020), realisasinya masih lebih rendah dari target yang direncanakan.

Berdasarkan data MODI tersebut, realisasi ekspor batu bara sepanjang 2020 hanya mencapai 305,77 juta ton atau baru 77,41% dari target yang dipatok peme-rintah sebesar 395 juta ton.

Berdasarkan data tersebut, ekspor ter-tinggi terjadi pada Januari 2020 sebesar 31,78 juta ton.

Jika dibandingkan dengan 2019, ekspor pada 2020 ini turun 32,7%. Pasalnya, pada 2019,...

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Daily News Update Page 9 This is because, in 2019, coal exports

reached 454.50 million tons. The realization of coal exports in 2019 also exceeded the target set by the government of 267.24 million tons.

As is known, the Covid-19 pandemic has made several country coal export destinations for Indonesia to restrict imports. Not without reason, limiting activities to lockdown has reduced energy consumption, so coal absorption is not much.

Previously, the Executive Director of the Indonesian Coal Mining Association (APBI) Hendra Sinadia had said that a number of countries tended to optimize their respective domestic coal capacity.

"Second, because their stockpile is still sufficient, for example, in China, there is a tendency for them to limit their import quota. Our main coal export destinations such as China and India are tightening imports," he said, Sunday (16/08/2020). Meanwhile, the realization of the fulfill-ment of the domestic market obligation (DMO) in 2020, based on MODI data, recorded only 108.45 million tons or 69.97% of the target set at 155 million tons. When compared with domestic absorption in 2019 which reached 138.42 million tons, it means that domestic absorption in 2020 has decreased by around 21.6%.

However, this data still has the potential to change, especially because data on the absorption of DMO in November -December 2020 has not been recorded. The following is the monthly export data for Indonesian coal and DMO realization for 2020, as quoted from MODI data, Tuesday (05/01/2021):

Pasalnya, pada 2019, ekspor batu bara mencapai 454,50 juta ton. Realisasi ekspor batu bara pada 2019 ini pun melampaui target yang dipatok pemerintah sebesar 267,24 juta ton.

Seperti diketahui, pandemi Covid-19 ini membuat beberapa negara tujuan ekspor batu bara tanah air melakukan pembatas-an impor. Bukpembatas-an tpembatas-anpa alaspembatas-an, pembataspembatas-an aktivitas hingga lockdown, membuat konsumsi energi turun, sehingga serapan batu bara tidak banyak.

Sebelumnya, Direktur Eksekutif Asosiasi Pertambangan Batubara Indonesia (APBI) Hendra Sinadia sempat mengatakan bahwa sejumlah negara cenderung mengoptimal-kan kapasitas batu bara domestik masing-masing.

"Kedua karena stockpile mereka juga masih cukup seperti misalnya China ada kecen-derungan mereka sedang membatasi kuota impor mereka. Negara-negara tujuan ekspor utama batu bara kita seperti China dan India itu sedang mengetatkan impor," ujarnya, Minggu (16/08/2020).

Sementara untuk realisasi pemenuhan kebutuhan batu bara di dalam negeri atau domestic market obligation (DMO) pada 2020, berdasarkan data MODI, tercatat hanya sebesar 108,45 juta ton atau 69,97% dari target yang telah ditetapkan sebesar 155 juta ton. Bila dibandingkan dengan penyerapan domestik pada 2019 yang mencapai 138,42 juta ton, artinya penyerapan domestik pada 2020 ini ada penurunan sekitar 21,6%.

Namun, data ini masih berpotensi berubah, terutama karena belum tercatatnya data penyerapan DMO pada November -Desember 2020.

Berikut data ekspor bulanan batu bara Indonesia dan realisasi DMO selama 2020, seperti dikutip dari data MODI, Selasa (05/01/2021):

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No. Month (2020) Export (Million Tons) DMO Realization (Million Tons)

1 Januari 31,78 10,67 2 Februari 28,94 10,31 3 Maret 31,01 11,57 4 April 25,37 11,80 5 Mei 23,96 10,44 6 Juni 26,21 9,78 7 Juli 26,02 10,27 8 Agustus 22,48 11,08 9 September 21,59 11,44 10 Oktober 25,70 11,09 11 November 26,54 - 12 Desember 16,17 -

PTBA-ACT Australia signed HoA

for the production of activated

carbon from coal

Reporter: Ridwan Nanda Mulyana | Editor: Anna Suci Perwitasari

P

T BUKIT Asam Tbk (PTBA) continues its

efforts to increase added value or down-stream coal. This state-owned mining company also plans to produce activated carbon from coal as raw material.

To realize this project, PTBA collaborates with Activated Carbon Technologies PTY, LTD (ACT), an Australian-based producer and supplier of activated carbon. The Head of Agreement (HoA) was signed on Tuesday, December 22, 2020.

PTBA Director of Business Development Fuad IZ Fachroeddin explained that the agreement between PTBA and ACT is in the form of utilizing activated carbon that will be produced by PTBA. In this HoA,...

PTBA-ACT Australia teken HoA

untuk produksi karbon aktif

dari batubara

Reporter: Ridwan Nanda Mulyana | Editor: Anna Suci Perwitasari

P

T BUKIT Asam Tbk (PTBA) melanjutkan

upaya peningkatan nilai tambah atau hiliri-sasi batubara. Emiten pertambangan plat merah ini pun berencana untuk mem-produksi karbon aktif dari bahan baku batu-bara.

Untuk mewujudkan proyek tersebut, PTBA

menggandeng Activated Carbon Technologies PTY, LTD (ACT), produsen dan pemasok karbon aktif yang berbasis di Australia. Head of Agreement (HoA) sudah ditandatangani pada Selasa 22 Desember 2020 lalu.

Direktur Pengembangan Usaha PTBA Fuad IZ Fachroeddin menjelaskan, kesepakatan antara PTBA dan ACT berupa pemanfaatan karbon aktif yang akan diproduksi PTBA. Dalam HoA ini,...

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Daily News Update Page 11 In this HoA, ACT acts as a candidate for the

activated carbon offtaker to be produced and processed by PTBA in Tanjung Enim, South Sumatra.

"Product quality and other commercial terms will be agreed upon by the parties in a more detailed sale and purchase agreement," said Fuad in a written statement quoted by Kontan.co.id, Tuesday (5/1).

According to Fuad, preparations for the Front End Engineering Design (FEED) for the factory will begin in 2021. In 2023, the realization of the first shipment of activated carbon from Tanjung Enim to ports in Australia is expected to be realized.

"This is a milestone for PTBA by signing the HoA with ACT which will become an offtaker for 12,000 tons of activated carbon per year," continued Fuad.

For information, activated carbon is one of the downstream efforts, where coal will be processed and undergo an activation process. So that it becomes a material in which there are many pores that function to absorb other substances around it. Activated carbon can also be used for the purification and purification processes of water, gas and air, food industry filters, color remover for the sugar and MSG industries, to use in the pharmaceutical field as a neutralizer for pharmaceutical waste so that it does not endanger the environment.

Meanwhile, ACT CEO and Founder Peter Cullum welcomes this collaboration and is optimistic that it will run successfully. "We also see a growing demand for activated carbon that continues to grow and we can optimize it to reach a wider market in the world," he said.

Dalam HoA ini, ACT bertindak sebagai calon offtaker karbon aktif yang akan diproduksi dan diolah PTBA di Tanjung Enim, Sumatra Selatan.

"Kualitas produk dan term komersial lainnya akan disepakati lebih lanjut oleh para pihak dalam perjanjian jual beli yang lebih rinci," ungkap Fuad lewat keterangan tertulis yang dikutip Kontan.co.id, Selasa (5/1).

Menurut Fuad, persiapan Front End Engeneering Design (FEED) untuk pabrik akan dimulai pada tahun 2021 ini. Pada tahun 2023, realisasi pengapalan pertama karbon aktif dari Tanjung Enim ke pelabuhan di Australia diharapkan bisa terwujud.

"Ini menjadi milestone bagi PTBA dengan penandatangan HoA bersama ACT yang akan menjadi offtaker 12.000 ton karbon aktif per tahun," sambung Fuad.

Sebagai informasi, karbon aktif menjadi salah satu upaya hilirisasi, yang mana batubara akan diolah dan mengalami proses aktivasi. Sehingga menjadi material yang di dalamnya terdapat banyak pori-pori yang berfungsi menyerap zat lain di sekitarnya.

Karbon aktif pun dapat dimanfaatkan untuk proses penjernihan dan pemurnian air, gas dan udara, filter industri makanan, penghilang warna untuk industri gula dan MSG, hingga penggunaan di bidang farmasi sebagai penetral limbah obat-obatan gar tidak membahayakan lingkungan.

Sementara itu, CEO dan Founder ACT Peter Cullum menyambut baik kerjasama ini dan optimistis akan berjalan dengan sukses. "Kami juga melihat adanya pertumbuhan permintaan karbon aktif yang terus ber-tambah dan bisa kami optimalkan untuk merambah pasar lebih luas di dunia," kata dia.

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Daily News Update Page 12 Established since 2003 in Pert, Australia,

ACT, which is the PTBA's activated carbon offtaker, a member of the Kompas100 index, is known as a leading activated carbon company and supplier in the world. ACT has a production capacity of over 40,000 tons of activated carbon per year with a global market that includes Australia, New Zealand, Europe, Canada and the United States.

Berdiri sejak 2003 di Pert, Australia, ACT yang menjadi offtaker karbon aktif PTBA , anggota indeks Kompas100 ini, ini dikenal sebagai perusahaan dan pemasok karbon aktif terkemuka di dunia.

ACT memiliki kapasitas produksi karbon aktif di atas 40.000 ton per tahun dengan pasar global yang meliputi Australia, Selandia Baru, Eropa, Kanada, dan Amerika Serikat.

China's Demand Encourages an

Increase in Reference Coal

Prices in January 2021

T

HE INDONESIAN Coal Mining Association

assessed that the increase in the benchmark coal price at the beginning of this year was also triggered by the increasing demand for coal from China.

APBI Executive Director Hendra Sinadia said that the demand for coal from China increased as winter entered.

"The increase in HBA in January 2021 was due to the increase in demand for coal in winter, especially by China, which was also due to their limited supply of domestic coal," Hendra told Bisnis, Monday (4/1/2021). The coal commodity started 2021 positively after the January 2021 reference coal price (HBA) increased 27.14 percent from the position at the end of 2020.

Minister of Energy and Mineral Resources (ESDM) Arifin Tasrif set the HBA during January 2021 trade at the level of US$ 75.84 per ton. This January 2021 HBA rose US$ 16.19 per ton or 27.14 percent compared to December 2020 which was at the level of US$ 59.65 per ton.

Permintaan China Dorong

Kenaikan Harga Batu Bara

Acuan Januari 2021

A

SOSIASI Pertambangan Batubara Indonesia

menilai kenaikan harga batu bara acuan pada awal tahun ini turut dipicu oleh meningkat-nya permintaan batu bara dari China.

Direktur Eksekutif APBI Hendra Sinadia

mengatakan bahwa permintaan batu bara dari China meningkat ketika memasuki musim dingin.

"Kenaikan HBA Januari 2021 lebih banyak

disebabkan oleh meningkatnya permintaan batu bara di musim dingin terutama oleh Tiongkok yang juga akibat keterbatasan suplai pasokan domestik batu bara mereka," ujar Hendra kepada Bisnis, Senin (4/1/2021).

Komoditas batu bara mengawali 2021 dengan positif setelah harga batu bara acuan (HBA) Januari 2021 mengalami kenaikan 27,14 persen dari posisi akhir 2020.

Menteri Energi dan Sumber Daya Mineral

(ESDM) Arifin Tasrif menetapkan HBA selama perdagangan Januari 2021 berada di level US$ 75,84 per ton. HBA Januari 2021 ini naik US$ 16,19 per ton atau 27,14 persen dibandingkan Desember 2020 yang berada di level US$ 59,65 per ton.

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Daily News Update Page 13 The Head of the Communication, Public

Information Service and Cooperation Bureau (KLIK) of the Ministry of ESDM, Agung Pribadi, said that China's economic recovery was a strong factor in the increase in the price of the coal commodity.

"After almost a year of limited economic activity, the market began to move to recover, especially in China," said Agung in a written statement, Monday (4/1/2021). According to him, China has an important role in influencing the price of coal because it is the main market for Indonesia after India.

"Moreover, currently there is a tension in trade relations between China and Australia. This sentiment is increasingly strengthening," he said. Editor: Zufrizal

Kepala Biro Komunikasi, Layanan Informasi Publik, dan Kerja Sama (KLIK) Kementerian ESDM Agung Pribad i mengatakan bahwa pulihnya ekonomi China menjadi faktor kuat kenaikan harga komoditas batu bara tersebut.

"Setelah hampir setahun adanya keter-batasan aktivitas ekonomi, pasar mulai bergerak pulih terutama di Tiongkok," kata Agung melalui keterangan tertulisnya, Senin (4/1/2021).

Menurutnya, China mempunyai peran penting dalam memengaruhi harga batu bara lantaran negara itu merupakan pasar utama bagi Indonesia setelah India.

"Apalagi saat ini terjadi ketegangan hubungan perdagangan antara Tiongkok dengan Australia. Sentimen ini yang makin memperkuat," ujarnya. Editor : Zufrizal

Coal Price for Domestic

Electricity, Still Maximum

US$70/Ton!

Wilda Asmarini, CNBC Indonesia

T

HE GOVERNMENT sets the coal selling

price for electricity supply for public purposes at a maximum of US$ 70 per ton. This was stated in the Decree of the Minister of Energy and Mineral Resources No.255.K/30/MEM/2020 concerning the Fulfillment of Domestic Coal Needs in 2021 which was stipulated by the Minister of ESDM Arifin Tasrif on December 29, 2020. The fifth part of the decision reads:

Harga Batu Bara untuk Listrik

Domestik Tetap Max

US$70/Ton!

Wilda Asmarini, CNBC Indonesia

P

EMERINTAH menetapkan harga jual batu

bara untuk penyediaan tenaga listrik untuk kepentingan umum maksimal sebesar US$ 70 per ton.

Hal tersebut dituangkan dalam Keputusan Menteri Energi dan Sumber Daya Mineral No.255.K/30/MEM/2020 tentang Peme-nuhan Kebutuhan Batu Bara Dalam Negeri 2021 yang ditetapkan Menteri ESDM Arifin Tasrif pada 29 Desember 2020.

Adapun bagian kelima dari keputusan tersebut berbunyi:

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Daily News Update Page 14 "Determining the Selling Price of Coal for

the Provision of Electricity for Public Interest of US$ 70 per metric ton Free On Board (FOB) Vessel, which is based on reference specifications on calories 6,322 kcal/kg GAR, Total Moisture 8%, Total Sulfur 0.8 %, and 15% Ash provided that it is listed in the Appendix which is an integral part of this Ministerial Decree." Then, in the sixth part contains:

"Business entities that supply electricity for the public interest are required to make plans to meet coal demand for the following year by prioritizing the long-term contract mechanism."

As for the determination of the selling price of coal for the supply of electricity for public interest which is listed in the attachment to this Ministerial Decree, among others are:

- The selling price of coal to supply electricity for public use is set at US$ 70 per ton. This applies if the reference coal price (HBA) is more than or equal to US$ 70 per tonne of Free On Board (FOB) Vessel.

- If the HBA is less than US$ 70 per tonne of FOB Vessel, then the selling price of coal for electricity supply for public use refers to the FOB Vessel HBA.

In addition to regulating the selling price for electricity supply, the Ministerial Decree also stipulates a minimum percentage of coal sales for domestic interests at least 25% of the planned total coal production in 2021 which is approved by the government.

If the minimum percentage is not fulfilled, then the business license holder is subject to the obligation to pay compensation for a number of coal shortages for domestic use (DMO).

"Menetapkan Harga Jual Batubara untuk Penyediaan Tenaga Listrik untuk Kepen-tingan Umum sebesar US$ 70 per metrik ton Free On Board (FOB) Vessel, yang didasarkan atas spesifikasi acuan pada kalori 6.322 kcal/kg GAR, Total Moisture 8%, Total Sulphur 0,8%, dan Ash 15% dengan keten-tuan tercantum dalam Lampiran yang merupakan bagian tidak terpisahkan dari Keputusan Menteri ini."

Lalu, pada bagian keenam berisi:

"Badan usaha penyedia tenaga listrik untuk kepentingan umum wajib membuat peren-canaan pemenuhan kebutuhan batu bara tahun berikutnya dengan mengutamakan mekanisme kontrak jangka panjang."

Adapun penentuan harga jual batu bara untuk penyediaan tenaga listrik untuk kepentingan umum yang tercantum dalam lampiran Keputusan Menteri ini antara lain yaitu:

- Harga jual batu bara untuk penyediaan tenaga listrik untuk kepentingan umum ditetapkan sebesar US$ 70 per ton ini berlaku bila harga batu bara acuan (HBA) lebih dari atau sama dengan US$ 70 per ton Free On Board (FOB) Vessel.

- Bila HBA kurang dari US$ 70 per ton FOB Vessel, maka harga jual batu bara untuk penyediaan tenaga listrik untuk kepentingan umum mengacu pada HBA FOB Vessel.

Selain mengatur tentang harga jual untuk penyediaan tenaga listrik, Kepmen ini juga menetapkan persentase minimal penjualan batu bara untuk kepentingan dalam negeri minimal 25% dari rencana jumlah produksi batu bara 2021 yang disetujui pemerintah. Bila tidak memenuhi persentase minimal tersebut, maka pemegang izin usaha dikenakan kewajiban pembayaran komsasi terhadap sejumlah kekurangan pen-jualan batu bara untuk kepentingan dalam negeri (DMO).

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Daily News Update Page 15 "The provisions regarding the guidelines

for the imposition of compensation as referred to in the THIRD Dictum are stipulated in a separate Ministerial Decree," said the Ministerial Decree. (wia)

"Ketentuan mengenai pedoman pengenaan kompensasi sebagaimana dimaksud dalam Diktum KETIGA ditetapkan dalam Keputusan Menteri tersendiri," bunyi Keputusan Menteri tersebut. (wia)

Take advantage of nickel to

strengthen the metallurgical

industry

I

NDONESIA is predicted to become one of the largest nickel producing countries in the world. This potential must be thoroughly exploited.

According to Postgraduate Lecturer at Gadjah Mada University (UGM) Yogyakarta, Bagas Pujilaksono Widyakanigara, the government should have thought about nickel comprehensively, not just focusing on electric cars. According to Bagas, the government must be more comprehensive in utilizing its nickel resources.

If nickel (Ni) is only made for batteries for electric cars, the results are insignificant compared to if we make Ni as an alloying element in the manufacture of stainless steel, steel for special purposes, or Ni base superalloy.

"As a result of my simple calculation, the government will get far more financial input if it builds a metallurgical industry compared to electric car batteries. This is because of the product's life cycle and price," he said.

He added that there is not a single developed country currently without a strong base metal and basic chemical industry. The two industries are...

Manfaatkan Nikel juga untuk

Perkuat Industri Metalurgi

I

NDONESIA diramalkan menjadi salah

satu negara penghasil nikel terbesar di dunia. Potensi ini harus dimanfaatkan secara menyeluruh.

Menurut Dosen Pascasarjana Universitas Gadjah Mada (UGM) Yogyakarta, Bagas Pujilaksono Widyakanigara, sudah seharusnya pemerintah memikirkan nikel secara komprehensif, bukan hanya fokus ke mobil listrik. Menurut Bagas, peme-rintah harus lebih komprehensif untuk memanfaatkan sumber daya nikel yang dimiliki.

Jika nikel (Ni) hanya dibuat baterai untuk mobil listrik, hasilnya tidak seberapa dibandingkan dengan jika Ni kita bikin sebagai alloying element pada pembuatan baja tahan karat, baja untuk keperluan khusus, atau Ni base superalloy.

"Hasil hitungan sederhana saya, peme-rintah akan memperoleh masukan keuangan jauh lebih banyak jika mem-bangun industri metalurgi dibandingkan baterai mobil listrik. Ini karena life cycle and price dari produk," katanya.

Ia menambahkan, tidak ada satu pun negara maju saat ini yang tidak memiliki industri logam dasar dan kimia dasar yang kuat. Kedua industri tersebut...

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Daily News Update Page 16 The two industries are upstream

industries that largely determine the fate of the downstream industries, such as automotive, machinery, manufacturing, construction, medicine, pharmaceuticals, textiles, and food and beverage.

"The metallurgical industry is a capital, energy and labor intensive industry. The journey of science and technology is much longer than that of electric cars. Obviously, the base metal industry has a more positive influence in building Indonesian civilization," he continued.

Bagas gave an example, when Indonesia had its ups and downs due to the economic crisis which was followed by a financial crisis, one of which was made worse, it was because we did not have a strong base metal and basic chemical industry. "Our downstream industry is very dependent on imported raw materials," he explained. According to him, the heart of the electric car lies in battery technology. The vehicle and electric motor systems are very simple. "Are we ready to manage the waste batteries which will be very mountainous? Do we already have a recycling battery industry?" he said.

Bagas also admits that the advantages of electric cars lie in the absence of exhaust emissions. But don't forget, electric cars get electricity from PLN. "So, it's the same, it makes no difference. PLN will release more exhaust emissions into the atmosphere," he said.

"I do not believe that an electric car with a battery system will become a vehicle of the future. My feeling is that public transportation is a centralized energy system, is more efficient, effective in supporting the transportation of people and goods, and does not cause congestion at the destination," he continued.

Kedua industri tersebut merupakan industri hulu yang sangat menentukan nasib industri hilir, semisal otomotif, permesinan, manufaktur, konstruksi, kedokteran, farmasi, tekstil, serta makanan dan minuman.

"Industri metalurgi merupakan industri padat modal, energi, dan tenaga kerja. Perjalanan sains and teknologi jauh lebih panjang dibandingkan mobil listrik. Jelas, industri logam dasar lebih berpengaruh positif dalam membangun peradaban bangsa Indonesia," lanjutnya.

Bagas mencontohkan, saat Indonesia jatuh bangun akibat krisis ekonomi yang kemudian diikuti krisis keuangan, yang salah satunya diperburuk keadaannya, itu karena kita tidak punya industri logam dasar dan kimia dasar yang kuat. "Industri hilir kita sangat tergantung bahan baku impor," jelasnya.

Menurutnya, jantung hati mobil listrik terletak di teknologi baterai. Sistem vehicle dan motor listrik sangat sederhana. "Siapkah kita mengelola limbah baterainya yang akan sangat menggunung? Apakah kita sudah punya industri recycling battery?" ujarnya.

Bagas juga mengakui kelebihan mobil listrik terletak pada tak adanya emisi buangan. Namun jangan lupa, mobil listrik dapat listrik dari PLN. "Jadi, sama saja, tidak ada bedanya. PLN akan melepas emisi gas buang lebih banyak ke atmosfer," katanya.

"Saya tidak yakin mobil listrik dengan sistem baterai akan menjadi kendaraan masa depan. Feeling saya yakni transpor-tasi publik dengan sistem energi terpusat, lebih efisien, efektif dalam mendukung transportasi manusia dan barang, dan tidak menimbulkan kemacetan di tempat tujuan," lanjutnya.

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Daily News Update Page 17 Going forward, simultaneously, the

govern-ment must develop basic metal and basic chemical industries, especially those based on Ni. Ni alloy metal is a high temperature material, which is very strategic in the future. It will be widely used in electrical energy generation industries, especially nuclear energy, with high generation efficiency, above 42%.

The metallurgical industry cannot be separated from the smelter industry. From economic calculations, it is almost certain that IUP holders are unable to build a smelter. This is because the smelter problem is not only about the smelter, but also about the very large energy supply. "Apart from that, the Minerba Law states that smelter operators are not obliged to inform the mineral concentrate compo-sition to IUP holders. And, there are strategic matters that the government must understand, namely soles of rare earth materials: Re, Ta, Ti, Mo, V, Ba, and Ce) which are very, very strategic for the electronics and metallurgical industries. Rare earth elements are the following elements with little abundance due to geological processes. These belong to the state, not the IUP holders," he said.

The smelter operator must be separated from the IUP holder. Bagas proposes that with such high complexity, the government should form BUMN smelter as smelter industry operator which must be profit center, not cost center.

"We have large Ni mines in Kendari and Halmahera whose minerals are (Ni, Fe) 2O3 spinel. Will we waste them into electric car batteries?" the lid. (RO/OL-14)

Ke depan, secara bersamaan, pemerintah harus mengembangkan industri logam dasar dan kimia dasar, terutama yang berbasis Ni. Paduan logam Ni merupakan material temperatur tinggi, yang sangat strategis kedepan. Akan banyak dipakai di industri-industri pembangkitan energi listrik, terutama energi nuklir, dengan efisiensi pembangkitan yang tinggi, di atas 42%.

Industri metalurgi tidak bisa dipisahkan dengan industri smelter. Dari hitungan-hitungan ekonomi, hampir dipastikan, pemegang IUP tidak mampu membangun smelter. Ini karena permasalahan smelter bukan hanya soal smelter, tapi juga suplai energi yang sangat besar.

"Di samping itu, UU Minerba menyebutkan operator smelter tidak berkewajiban menginformasikan komposisi mineral konsentratnya pada pemegang IUP. Dan, ada hal-hal strategis yang pemerintah harus pahami, yaitu sol unsur-unsur tanah jarang (rare earth materials: Re, Ta, Ti, Mo, V, Ba, dan Ce) yang amat sangat strategis bagi industri elektronik dan metalurgi. Unsur tanah jarang sebagai unsur-unsur pengikut dengan kelimpahan yang kecil karena proses geologi. Ini milik negara bukan milik pemegang IUP," katanya. Operator smelter harus terpisah dengan pemegang IUP. Bagas mengusulkan dengan kompleksitas yang tinggi tersebut, pemerintah membentuk BUMN smelter sebagai operator industri smelter yang bersifat harus profit centre bukan cost centre.

"Kita punya tambang Ni besar di Kendari dan Halmahera yang mineralnya ber-bentuk (Ni, Fe)2O3 spinel. Akankah kita hambur-hamburkan menjadi baterai mobil listrik?" tutupnya. (RO/OL-14)

(18)

Coal gasification will have an

impact on the earnings of coal

issuers in the long term

Reporter: Akhmad Suryahadi | Editor:

Khomarul Hidayat

A

NUMBER of coal issuers are planning and currently working on coal gasification projects. Kontan.co.id noted, there are at least four coal issuers in the country who are and plan to work on this project.

Among them are PT Bukit Asam Tbk (PTBA), PT Bumi Resources Tbk (BUMI), as well as PT Adaro Energy Tbk (ADRO) and PT Indika Energy Tbk (INDY).

As an illustration, the gasification program is a process of transforming coal into a substitute fuel for liquefied petroleum gas (LPG), namely DME (Dimethyl Ether). Phillip Sekuritas Indonesia analyst Michael Filbery assesses that the impact on coal issuers that conduct gasification is an increase in long-term income prospects. This is because the coal that has been downstreamed has a higher value than the upstream product.

In the future, Michael sees that the need for gas as a fuel in the manufacturing industry and as a raw material for the chemical industry will increase. Thus, issuers in the coal mining sector have a strong market share in the domestic manufacturing sector.

"The gasification project will certainly increase the absorption of domestic coal supply, thereby reducing dependence on coal exports," Michael told Kontan.co.id recently.

Gasifikasi batubara akan

berdampak ke pendapatan emiten

batubara di jangka panjang

Reporter: Akhmad Suryahadi | Editor: Khomarul Hidayat

S

EJUMLAH emiten batubara berencana dan

sedang menggarap proyek gasifikasi batu-bara. Kontan.co.id mencatat, setidaknya terdapat empat emiten batubara di Tanah Air yang sedang dan berencana menggarap proyek ini.

Diantaranya PT Bukit Asam Tbk (PTBA), PT Bumi Resources Tbk (BUMI), serta PT Adaro Energy Tbk (ADRO) dan PT Indika Energy Tbk (INDY).

Sebagai gambaran, program gasifikasi merupakan proses transformasi batubara menjadi bahan bakar pengganti liquefied petroleum gas (LPG), yaitu DME (Dimethyl Ether).

Analis Phillip Sekuritas Indonesia Michael Filbery menilai, dampak bagi emiten-emiten batubara yang melakukan gasifikasi adalah peningkatan prospek pendapatan dalam jangka panjang. Hal ini mengingat batubara yang sudah dihilirisasi memiliki value (nilai) yang lebih tinggi dibandingkan produk hulunya.

Ke depannya, Michael melihat, kebutuhan gas sebagai bahan bakar di industri manufaktur maupun sebagai bahan baku di industri kimia kian meningkat. Sehingga, emiten di sektor tambang batubara mempunyai pangsa pasar yang kuat di sektor manufaktur dalam negeri. “Proyek gasifikasi tentunya akan mening-katkan penyerapan suplai batubara domestik, sehingga mengurangi ketergantungan ter-hadap ekspor batubara,” ujar Michael kepada Kontan.co.id, belum lama ini.

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Daily News Update Page 19 In addition, the government through the

Omnibus Law has also given the green light by exempting royalty rates for coal producers who produce value-added products.

For information, in the Omnibus Law, namely Article 128A, which is an embedded article between articles 128 and 129, it is stated that business actors who increase the added value of coal can be given certain treatment of state revenue obligations. Giving certain treatment to the state revenue obligation as referred to is the activity of increasing the added value of coal which can be in the form of the imposition of a royalty of 0%.

The government has also provided a red carpet for this gasification project. For example, the PTBA gasification project in Tanjung Enim, South Sumatra, which was designated as a national strategic project (PSN). This determination is in line with the issuance of Presidential Regulation (Perpres) No. 109/2020 which was signed by President Joko Widodo on November 17, 2020.

The gasification plant will process as much as 6 million tons of coal per year to be processed into 1.4 million DME. This product is able to help reduce imports of liquefied petroleum gas by more than 1 million tons per year.

Meanwhile, Bumi Resources Director and Corporate Secretary Dileep Srivastava said BUMI's subsidiary, Kaltim Prima Coal (KPC) already has a coal offtaking agreement, which is after the gasification project in East Kalimantan starts production in 2023.

"Meanwhile, Arutmin (another BUMI sub-sidiary) is conducting a pre-feasibility study for a potential gasification project. And just like KPC, we see it as an opportunity to supply coal," said Dileep to Kontan.co.id, Monday (4/1).

Ditambah, pemerintah lewat aturan Omnibus Law juga sudah memberi lampu hijau dengan membebaskan tarif royalti bagi produsen batubara yang menghasilkan produk bernilai tambah.

Untuk diketahui, dalam Undang-Undang (UU) Cipta Kerja Omnibus Law, yakni dalam Pasal 128A yang merupakan pasal sisipan di antara pasal 128 dan 129 disebutkan bahwa pelaku usaha yang melakukan peningkatan nilai tambah batubara, dapat diberikan perlakuan tertentu terhadap kewajiban penerimaan negara. Pemberian perlakuan tertentu ter-hadap kewajiban penerimaan negara sebagai-mana dimaksud adalah kegiatan peningkatan nilai tambah batubara dapat berupa penge-naan royalti sebesar 0%.

Pemerintah pun memberi karpet merah untuk proyek gasifikasi ini. Misalkan saja, proyek gasifikasi PTBA di Tanjung Enim, Sumatra Selatan, yang ditetapkan menjadi proyek strategis nasional (PSN). Penetapan ini seiring terbitnya Peraturan Presiden (Perpres) No 109 Tahun 2020 yang ditandatangani oleh Presiden Joko Widodo pada 17 November 2020.

Pabrik gasifikasi tersebut akan mengolah sebanyak 6 juta ton batubara per tahun untuk diproses menjadi 1,4 juta DME. Produk ini mampu membantu mengurangi impor liquefied petroleum gas sebanyak lebih dari 1 juta ton per tahun.

Sementara itu, Direktur dan Sekretaris Perusahaan Bumi Resources Dileep Srivastava mengatakan, anak usaha BUMI, yakni Kaltim Prima Coal (KPC) sudah memiliki perjanjian offtaking batubara, yakni setelah proyek gasifikasi di Kalimantan Timur mulai berproduksi pada tahun 2023.

“Sementara Arutmin (anak usaha BUMI lain-nya) sedang melakukan pra studi kelayakan untuk proyek gasifikasi yang potensial. Dan sama seperti KPC, kami melihatnya sebagai peluang untuk memasok batubara,” ujar Dileep kepada Kontan.co.id, Senin (4/1).

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Daily News Update Page 20 On the other hand, ADRO and INDY have

just collaborated with PT Pertamina (Persero) to sign a memorandum of under-standing on coal gasification strategic cooperation on December 7, 2020.

Di sisi lain, ADRO dan INDY baru saja digandeng oleh PT Pertamina (Persero) untuk menandatangani nota kesepahaman kerjasama strategis gasifikasi batubara pada 7 Desember 2020 lalu.

Coal Prices Rise, Issuer Pockets

Can Get Thicker

Finna U. Ulfah

C

OAL mining companies have the

potential to widen their margins in line with the rising coal price trend which is projected to continue this year.

To note, the January 2021 reference coal price (HBA) was recorded at US$ 75.84 per ton or an increase of 27.14 percent from the December 2020 position of US$ 59.65 per ton. The price at the beginning of the year was the highest since July 2019. Meanwhile in the global market, the price of Newcastle coal for the January 2021 contract on Tuesday (5/1/2021) trading at 3.40 pm WIB rose 0.37 percent to US$ 81.5 per ton.

The coal price has managed to maintain the upward trend that has occurred since the beginning of the third quarter of 2020 after falling considerably due to the Covid-19 pandemic which suppressed demand for commodities.

This sentiment has also put pressure on the performance of coal mining issuers until the third quarter of 2020, including the performance of net profit margin (NPM). Nevertheless, Bisnis noted a number of issuers still managed to maintain their NPM in the double digit position.

Harga Batu Bara Naik, Kocek

Emiten Bisa Makin Tebal

Finna U. Ulfah

E

MITEN pertambangan batu bara

ber-potensi mempertebal margin seiring dengan tren kenaikan harga batu bara yang diproyeksi berlanjut pada tahun ini. Untuk diketahui, harga batu bara acuan (HBA) Januari 2021 tercatat senilai US$75,84 per ton atau melonjak 27,14 persen dari posisi Desember 2020 US$59,65 per ton. Harga pada awal tahun tersebut menjadi yang tertinggi sejak Juli 2019.

Sementara itu di pasar global, harga batu bara Newcastle untuk kontrak Januari 2021 pada perdagangan Selasa (5/1/2021) hingga pukul 15.40 WIB naik 0,37 persen ke posisi US$81,5 per ton.

Harga batu bara itu berhasil memper-tahankan tren kenaikannya yang terjadi sejak awal kuartal III/2020 setelah jatuh cukup dalam akibat pandemi Covid-19 yang menekan permintaan komoditas. Sentimen itu pun telah menekan kinerja emiten pertambangan batu bara hingga kuartal III/2020, termasuk kinerja net profit margin (NPM). Kendati demikian, Bisnis mencatat sejumlah emiten masih berhasil mempertahankan NPM di posisi dobel digit.

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Daily News Update Page 21 Based on data collected by businesses,

among all coal mining issuers, the highest NPM position in the third quarter of 2020 was achieved by PT Harum Energy Tbk. (ENRG), namely 18.89 percent, followed by PT Mitrabara Adiperdana Tbk, (MBAP) at 15.99 percent, and PT Bukit Asam Tbk. (PTBA) at the level of 13.45 percent.

Bukit Asam Corporate Secretary Apollonius Andwie C. said that his party is optimistic that the trend of strengthening coal prices will continue in line with the global economic recovery so that it can support the company's performance growth this year. "Demand this year has also experienced a recovery, seen from the increasing absorption capacity of coal from the end of 2020, both domestic and export demand," said Pollo to Bisnis, Tuesday (5/1/2020). In line with the increased demand, PTBA also admits that it will increase the production volume target in 2021 compared to the previous year's target.

Last year, PTBA targeted a production volume of 25.1 million tons. Until the third quarter of 2020, PTBA's production volume was 19.4 million tons, down 10 percent compared to the third quarter of 2019. Separately, Indika Energy Head of Corporate Communication Ricky Fernando assessed that the strengthening of coal prices was driven by indications of an increase in black gold imports from China.

"Seeing this, we remain focused on maintaining operational efficiency and continuity of production so that we are able to adjust to current demand," said Ricky to Bisnis, Tuesday (5/1/2020).

In response to the trend of rising prices, the issuer coded as INDY shares is targeting coal production volume in 2021 of 30 million tons for PT Kideco Jaya Agung, and 1.4 million tons for PT Multi Tambangjaya Utama (MUTU).

Berdasarkan data yang dihimpun bisnis, di antara seluruh emiten tambang batu bara, posisi perolehan NPM tertinggi pada kuartal III/2020 diraih oleh PT Harum Energy Tbk. (ENRG) yaitu 18,89 persen, disusul PT Mitrabara Adiperdana Tbk, (MBAP) di level 15,99 persen, dan PT Bukit Asam Tbk. (PTBA) di level 13,45 persen.

Sekretaris Perusahaan Bukit Asam Apollonius Andwie C. mengatakan bahwa pihaknya optimistis tren penguatan harga batu bara akan terus berlanjut seiring dengan pemulihan eko-nomi secara global sehingga dapat menopang pertumbuhan kinerja perseroan tahun ini.

“Permintaan tahun ini juga sudah mengalami pemulihan dilihat dari daya serap batu bara yang semakin meningkat dari akhir 2020, baik permintaan domestik maupun ekspor,” ujar Pollo kepada Bisnis, Selasa (5/1/2020). Sejalan dengan peningkatan permintaan itu, PTBA pun mengaku akan meningkatkan target volume produksi 2021 dibandingkan dengan target tahun sebelumnya.

Tahun lalu, PTBA menargetkan volume produksi 25,1 juta ton. Hingga kuartal III/2020 volume produksi PTBA sebesar 19,4 juta ton, turun 10 persen dibandingkan dengan kuartal III/2019.

Secara terpisah, Head of Corporate Communication Indika Energy Ricky Fernando menilai penguatan harga batu bara didorong oleh adanya indikasi peningkatan impor emas hitam itu dari China.

“Melihat hal ini kami tetap fokus untuk menjaga efisiensi operasional dan kesinam-bungan produksi sehingga mampu menye-suaikan permintaan saat ini,” ujar Ricky kepada Bisnis, Selasa (5/1/2020).

Menyambut tren kenaikan harga, emiten berkode saham INDY itu menargetkan volume produksi batu bara pada 2021 sebesar 30 juta ton untuk PT Kideco Jaya Agung, dan sebesar 1,4 juta ton untuk PT Multi Tambangjaya Utama (MUTU).

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Daily News Update Page 22 In the first nine months of 2020 INDY

produced 23.9 million tons of coal through Kideco and 1.1 million tons from MUTU production.

Adaro Energy's Head of Corporate Communication Division Febriati Nadira said that coal price fluctuations are one of the company's uncontrollable performance components.

However, the issuer coded ADRO securities remains confident that the fundamentals of the coal and energy sectors will remain solid in the long term, especially in support of development activities in Asian countries.

"For that we will continue to focus on efforts to increase operational excellence in our core business, increase operational efficiency and productivity, maintain cash, and maintain a solid financial position," Febriati told Bisnis, Tuesday (5/1/2020). Febriati said that she will continue to follow market developments by continuing to carry out operational activities as planned in the company's mines. Adaro will focus on maintaining healthy margins and continuity of supply to customers. Editor: Rivki Maulana

Pada sembilan bulan pertama 2020 INDY telah memproduksi batu bara sebesar 23,9 juta ton melalui Kideco dan sebesar 1,1 juta ton dari produksi MUTU.

Head of Corporate Communication Division Adaro Energy Febriati Nadira mengatakan bahwa fluktuasi harga batu bara adalah salah satu komponen kinerja perseroan yang tidak dapat dikontrol. Namun, emiten berkode efek ADRO itu tetap yakin fundamental sektor batu bara dan energi di jangka panjang tetap kokoh terutama kepada dukungan aktivitas pembangunan di negara Asia.

“Untuk itu kami akan terus fokus terhadap upaya peningkatan keunggulan operasi-onal bisnis inti, meningkatkan efisiensi dan produktivitas operasi, menjaga kas, dan mempertahankan posisi keuangan yang solid,” ujar Febriati kepada Bisnis, Selasa (5/1/2020).

Febriati mengatakan akan terus mengikuti perkembangan pasar dengan tetap men-jalankan kegiatan operasi sesuai rencana di tambang-tambang milik perusahaan. Adaro bakal fokus mempertahankan margin yang sehat dan kontinuitas pasokan ke pelanggan. Editor : Rivki Maulana

Official! Coal Producers DMO

Compensation Sanctions Waived

T

HE GOVERNMENT has stipulated an

exemption from the obligation to pay compensation for a number of coal sales shortages for the domestic market obligation (DMO) in 2020.

Resmi! Sanksi Kompensasi DMO

Produsen Batu Bara Dibebaskan

P

EMERINTAH telah menetapkan

pem-bebasan kewajiban pembayaran kompen-sasi terhadap sejumlah kekurangan penjualan batu bara untuk kepentingan dalam negeri atau domestic market obligation (DMO) tahun 2020.

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Daily News Update Page 23 This waiver of obligations applies to

holders of Special Mining Business Permits (IUPK) for Coal Production Operations, Coal Mining Business Work Agreement (PKP2B) for Production Operation stages, as stipulated in the Decree of the Minister of Energy and Mineral Resources Number 261 K/30/MEM/2019 regarding the Fulfillment of Domestic Coal Needs in 2020.

This regulation is stated in the Decree of the Minister of Energy and Mineral Resources No. 255.K/30/MEM/2020 concerning the Fulfillment of Domestic Coal Needs in 2021 which was stipulated by the Minister of ESDM Tasrif on December 29, 2020, the seventh part of the decision.

Then in the eighth part, it is stated that the exemption from the obligation to pay compensation for a number of shortages of coal sales for domestic interests in 2020 as referred to in the seventh section also applies to IPUK holders as a Continuation of Contract/Agreement Operations.

"This Ministerial Decree comes into force on the date of stipulation," wrote the Ministerial Decree, quoted by CNBC Indonesia, Wednesday (06/01/2021). Meanwhile, the realization of the 2020 DMO based on data from the Minerba One Data Indonesia (MODI) Ministry of Energy and Mineral Resources was recorded at only 108.45 million tons or 69.97% of the target set at 155 million tons.

When compared with domestic absorption in 2019 which reached 138.42 million tons, it means that domestic absorption in 2020 has decreased by around 21.6%.

However, this data still has the potential to change, especially because data on the absorption of DMO in November -December 2020 has not been recorded.

Pembebasan kewajiban ini berlaku untuk pemegang Izin Usaha Pertambangan Khusus (IUPK) Operasi Produksi Batu Bara, Perjanjian Karya Pengusaha Pertambangan Batu Bara (PKP2B) tahap Operasi Produksi, sebagaimana ditetapkan dalam Keputusan Menteri Energi dan Sumber Daya Mineral Nomor 261 K/30/MEM/2019 tentang Pemenuhan Kebutuhan Batubara Dalam Negeri Tahun 2020.

Aturan ini dituangkan dalam Keputusan Menteri Energi dan Sumber Daya Mineral No. 255.K/30/MEM/2020 tentang Peme-nuhan Kebutuhan Batu Bara Dalam Negeri 2021 yang ditetapkan Menteri ESDM Arifin Tasrif pada 29 Desember 2020 bagian Ketujuh dari keputusan.

Lalu di dalam bagian Kedelapan disebutkan pembebasan kewajiban pembayaran kompensasi terhadap sejumlah kekurangan penjualan batu bara untuk kepentingan dalam negeri tahun 2020 sebagaimana dimaksud di dalam bagian Ketujuh diber-lakukan juga untuk pemegang IPUK sebagai Kelanjutan Operasi Kontrak/Perjanjian. "Keputusan Menteri ini mulai berlaku pada tanggal ditetapkan," tulis Surat Keputusan Menteri, dikutip CNBC Indonesia, Rabu, (06/01/2021).

Sementara itu, realisasi DMO tahun 2020 berdasarkan data dari Minerba One Data Indonesia (MODI) Kementerian Energi dan Sumber Daya Mineral tercatat hanya sebesar 108,45 juta ton atau 69,97% dari target yang telah ditetapkan sebesar 155 juta ton.

Bila dibandingkan dengan penyerapan domestik pada 2019 yang mencapai 138,42 juta ton, artinya penyerapan domestik pada 2020 ini ada penurunan sekitar 21,6%. Namun, data ini masih berpotensi berubah, terutama karena belum tercatatnya data penyerapan DMO pada November -Desember 2020.

(24)

Daily News Update Page 24 Previously, the Indonesian Coal Mining

Association (APBI) hoped for a relaxation of the policy of temporarily eliminating fine sanctions on the DMO policy considering domestic absorption in the midst of increasingly eroded company profitability.

APBI Executive Director Hendra Sinadia also mentioned the need to relax the royalty payment system when coal commodity prices weaken due to corona. (tas/tas)

Sebelumnya Asosiasi Pertambangan Batubara Indonesia (APBI) mengharapkan adanya relaksasi kebijakan penghapusan sementara sanksi denda atas kebijakan DMO mengingat serapan domestik di tengah makin tergerusnya profitabilitas perusahaan.

Direktur Eksekutif APBI, Hendra Sinadia juga menyebutkan perlunya relaksasi sistem pembayaran royalti disaat harga komoditas batu bara makin melemah karena corona. (tas/tas)

Codelco okays $1.4bn plan to expand Salvador mine

Cecilia Jamasmie

C

HILE’s state miner Codelco, the world’s no.1 copper producer, has approved a $1.383 billion underground expansion of its Salvador mine, which will extend the productive life of the aging operation by 40 years and increase output by 30%.

The Rajo Inca project comes at a price tag 33% lower than the original 2014 estimate, thanks to the optimization of existing infrastructure and processes, Codelco said.

The expansion will convert Salvador, in operation since 1959, from an underground mine to an open-pit one.

Construction will start later this year, Codelco said. Initial stripping of rocks covering the mineral deposits is expected to take 22 months, with commissioning slated for the second half of 2022.

The Santiago-based miner anticipates to be producing 90,000 tonnes of copper by the first half of 2023.

The Salvador mine has the lowest productivity among Codelco’s mines, churning out about 50,600 tonnes of copper last year, just under 3% of the company’s total output.

One of many

Rajo Inca is one of six major projects the Chilean miner is advancing to boost production at its depleting mines.

A new underground operation at the company’s Chuquicamata division entered production in 2019, while a new mine level at the underground El Teniente mine will follow in 2023.

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