TABLE OF CONTENTS. No. Title Media Source Page

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Daily News Update Page 1

SVP Corporate Secretary Aneka Tambang Kunto Hendrapawoko said that the increase in product added value, optimization of production levels, sales, and the implementation of proper and efficient cost management are the supporting factors for the company's positive performance growth in the first quarter of 2021.

To maintain this growth, he said that the company will focus on a strategy to develop a domestic customer base, especially marketing gold and nickel ore products.

"This is in line with the growth in the absorption rate of the domestic market,"

said Kunto as quoted from his official statement, Monday (3/5/2021).

If detailed, domestic net sales in the first quarter of 2021 managed to become the largest revenue contributor, namely Rp7.45 trillion or the equivalent of 81 percent of the company's total net sales.

Based on the commodity segmentation, precious metals and refineries w ere the largest revenue contributors, namely Rp6.63 trillion, followed by the nickel segment with Rp2.17 trillion, bauxite and alumina with Rp365.8 billion, and others with Rp30.58 billion.

Berdasarkan laporan keuangan perseroan, emiten berkode saham ANTM itu mencatatkan penjualan sebesar Rp9,21 triliun pada kuartal I/2021. Perolehan itu naik 77,04 persen dibandingkan dengan perolehan kuartal I/2020.

Sejalan dengan kenaikan penjualan itu, ANTM berhasil mencatatkan laba tahun berjalan yang dapat diatribusikan kepada pemilik entitas induk sebesar Rp630,37 miliar pada kuartal I/2021. Perolehan itu berbanding terbalik dengan kuartal I/2020 yang merugi Rp281,83 miliar.

SVP Corporate Secretary Aneka Tambang Kunto Hendrapawoko mengatakan bahwa peningkatan nilai tambah produk, optimalisasi tingkat produksi, penjualan, dan implementasi pengelolaan biaya yang tepat dan efisien menjadi faktor pen- dukung pertumbuhan kinerja positif perseroan pada kuartal I/2021.

Untuk menjaga pertumbuhan itu, dia mengatakan bahwa perseroan akan fokus pada strategi untuk mengembangkan basis pelanggan di dalam negeri, terutama pemasaran produk emas dan bijih nikel.

“Hal itu seiring dengan pertumbuhan tingkat penyerapan pasar dalam negeri,”

ujar Kunto dikutip dari keterangan resminya, Senin (3/5/2021).

Jika diperinci, penjualan bersih domestik pada kuartal I/2021 berhasil menjadi penyumbang pendapatan terbesar, yaitu Rp7,45 triliun atau setara 81 persen dari total penjualan bersih perseroan.

Berdasarkan segmentasi komoditas, logam mulia dan pemurnian menjadi kontributor pendapatan terbesar, yaitu Rp6,63 triliun, disusul segmen nikel sebesar Rp2,17 triliun, bauksit dan alumina sebesar Rp365,8 miliar, dan lain-lain sebesar Rp30,58 miliar.

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In the gold segment, ANTM's gold sales performance in the first quarter of 2021 reached 7,411 kg, an increase of 45 percent from the first quarter of 2020. Meanwhile, ANTM recorded a total gold production volume from the Pongkor and Cibaliung mines of 289 kg.

"ANTAM continues to innovate the sale of Logam Mulia gold products by prioritizing online gold sales and buyback transaction mechanisms," he explained.

In the nickel segment, ANTM recorded positive performance achievements in the first quarter of 2021. ANTM's ferronickel production volume in the first quarter of 2021 was recorded at 6,300 tons of nickel in ferronickel (TNi), with ferronickel sales of 5,624 TNi.

For nickel ore, in the first quarter of 2021 the volume of nickel ore production used as ferronickel raw material for ANTM and sales to domestic customers was recorded at 2.64 million wet metric tons (wmt), a significant increase of 319 percent compared to the first quarter of 2020 of 629. thousand wmt.

In addition, nickel ore sales volume to the domestic market reached 1.60 million wmt in 1Q21.

For bauxite, in the first quarter of 2021 ANTM recorded the volume of bauxite production used as raw material for the Chemical Grade Alumina (CGA) factory ore and sales to third parties of 557,354 wmt with total sales volume of bauxite reaching 384,785 wmt.

ANTM's CGA production volume reached 15,315 tons of alumina, with CGA sales reaching 36,098 tons of alumina or a 50 percent growth compared to the achievement in the first quarter of 2020.

Editor: Hafiyyan

Di segmen emas, kinerja penjualan emas ANTM pada kuartal I/2021 mencapai 7.411 kg, meningkat 45 persen dari kuartal I/2020. Sementara itu, ANTM mencatatkan total volume produksi emas dari tambang Pongkor dan Cibaliung sebesar 289 kg.

“ANTAM terus melakukan inovasi penjualan produk emas Logam Mulia dengan mengedepankan mekanisme transaksi penjualan dan buyback emas secara online,” papar dia.

Di segmen nikel, ANTM mencatatkan pencapaian kinerja yang positif pada kuartal I/2021. Volume produksi feronikel ANTM pada kuartal I/2021 tercatat sebesar 6.300 ton nikel dalam feronikel (TNi), dengan tingkat penjualan feronikel sebesar 5.624 TNi.

Untuk komoditas bijih nikel, pada kuartal I/2021 volume produksi bijih nikel yang digunakan sebagai bahan baku feronikel ANTM dan penjualan kepada pelanggan domestik tercatat sebesar 2,64 juta wet metric ton (wmt), meningkat signifikan 319 persen dibandingkan kuartal I/2020 sebesar 629 ribu wmt.

Selain itu, volume penjualan bijih nikel ke pasar domestik mencapai 1,60 juta wmt pada 1Q21.

Untuk bauksit, pada kuartal I/2021 ANTM mencatatkan volume produksi bauksit yang digunakan sebagai bahan baku bijih pabrik Chemical Grade Alumina (CGA) serta penjualan kepada pihak ketiga sebesar 557.354 wmt dengan capaian total volume penjualan bauksit mencapai 384.785 wmt.

Volume produksi CGA ANTM mencapai 15.315 ton alumina dengan tingkat penjualan CGA mencapai 36.098 ton alumina atau tumbuh 50 persen dibandingkan capaian kuartal I/2020. Editor : Hafiyyan

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United Tractors (UNTR) absorbs capex of Rp 352 billion in the

first quarter of 2021

Reporter: Sugeng Adji Soenarso | Editor:

Tendi Mahadi

P

T UNITED Tractors Tbk (UNTR) hoist for capital expenditures (capex) for this year.

The company has budgeted a capex of US$

290 million or the equivalent of Rp 4.19 trillion (at an exchange rate of Rp 14,450) this year.

UNTR's Corporate Secretary, Sara K Loebis, said that until the first quarter of 2021, his party had disbursed a capex of Rp 352 billion. Of this realization, 50% was for the mining contracting and mining segments in terms of replacing obsolete heavy equipment.

"The rest is for maintenance capex in the gold mine and heavy equipment distribution," she explained to Kontan.co.id, Monday (3/5).

Overall, the majority of this year's UNTR capex allocation will be used for mining contracting & mining with a composition of 55%. Then 33% will be used for the gold mine segment and the rest will be used for maintenance of regular capex.

She explained that this year's capex is higher than last year's US$ 190 million because the plan to replace heavy equipment in the mining contracting segment was postponed.

Until the first quarter of 2021, UNTR posted revenues of Rp 17.89 trillion during the first quarter of 2021. This realization decreased 2.27% from the revenue in the same period the previous year which reached Rp 18.31 trillion.

United Tractors (UNTR) serap capex Rp 352 miliar pada

kuartal I 2021

Reporter: Sugeng Adji Soenarso | Editor:

Tendi Mahadi

P

T UNITED Tractors Tbk (UNTR) kerek belanja modal alias capital expenditure (capex) untuk tahun ini. Perusahaan meng- anggarkan capex sebesar US$ 290 juta atau setara Rp 4,19 triliun (dengan kurs Rp 14.450) di tahun ini.

Sekretaris Perusahaan UNTR, Sara K Loebis menuturkan hingga kuartal I-2021 pihaknya telah menggelontorkan capex sebesar Rp 352 miliar. Dari realisasi tersebut, 50% untuk segmen mining contracting dan mining dalam hal peng- gantian alat berat yang sudah usang.

"Sisanya untuk maintenance capex di gold mine dan distribusi alat berat," jelasnya kepada kontan.co.id, Senin (3/5).

Secara keseluruhan, alokasi capex UNTR tahun ini mayoritas akan digunakan untuk mining contracting & mining dengan komposisi 55%. Kemudian sebesar 33%

akan digunakan untuk segmen gold mine dan sisanya pemeliharaan capex biasa.

Ia menjelaskan, capex tahun ini lebih tinggi dibandingkan tahun lalu sebesar US$ 190 juta lantaran rencana untuk pergantian alat berat di segmen mining contracting ditunda.

Hingga kuartal I-2021, UNTR membukukan pendapatan senilai Rp 17,89 triliun sepanjang kuartal pertama 2021. Realisasi ini menurun 2,27% dari pendapatan di periode yang sama tahun sebelumnya yang mencapai Rp 18,31 triliun.

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Despite declining revenues, this subsidiary of the Astra Group posted a net profit growth of Rp 1.86 trillion. The realization was up 2.3% compared to the same period last year amounting to Rp 1.82 trillion.

Kendati pendapatan menurun, entitas anak usaha Grup Astra ini membukukan pertumbuhan laba bersih menjadi Rp 1,86 triliun.

Realisasi itu naik 2,3% dibandingkan periode yang sama tahun lalu sebesar Rp 1,82 triliun.

Petrosea's Net Profit Shrinked 8.8%

By: Ahmad Nabhani

I

N THE FIRST quarter of 2021, PT Petrosea Tbk (PTRO) posted a net profit of US$ 3.833 million or decreased by 8.8%

compared to the same period last year of US$ 4.206 million. Thus, earnings per share fell to US$ 0.0038 compared to the first quarter of 2020 which was recorded at US$

0.0042. This information was conveyed by the company in a financial report published in Jakarta yesterday.

Meanwhile, net income fell 11.65 percent to US$ 91.095 million. However, expenses decreased by 8.3% to US$ 77,727 million.

So that the gross profit decreased by 30.61% to US$ 13.368 million. As for the equity side, it was US$ 235.89 million or grew 1.73% compared to the end of 2020 which was recorded at US$ 231.44 million.

Meanwhile, the company's liabilities were recorded at US$ 287.71 million, down 6.7%

compared to the end of 2020, which was recorded at US$ 298.24 million.

Then the assets collected were recorded at US$ 514.6 million or decreased by 2.83%

compared to the end of 2020 which was recorded at US$ 529.68 million. Further- more, net cash used for operating activities was recorded at US$ 15.8 million or worse than in the first quarter of 2020, which recorded net cash obtained from operating activities of US$ 26.2 million.

Laba Bersih Petrosea Menyusut 8,8%

Oleh: Ahmad Nabhani

D

I KUARTAL pertama 2021, PT Petrosea Tbk (PTRO) bukukan laba bersih sebesar US$ 3,833 juta atau turun 8,8% dibandingkan priode yang sama tahun lalu tercatat sebesar US$ 4,206 juta. Sehingga, laba per saham turun menjadi US$ 0,0038 dibandingkan kuartal I 2020 yang tercatat sebesar US$

0,0042. Informasi tersebut disampaikan perseroan dalam laporan keuangan yang dipublikasi di Jakarta, kemarin.

Semetara pendapatan bersih turun 11,65%

menjadi US$ 91,095 juta. Tapi beban turun 8,3% menjadi US$ 77,727 juta. Sehingga laba kotor susut 30,61% menjadi US$13,368 juta. Adapun pada sisi ekuitas terbilang US$

235,89 juta atau tumbuh 1,73% dibandingkan akhir tahun 2020 yang tercatat sebesar US$ 231,44 juta. Sedangkan kewajiban perseroan tercatat US$ 287,71 juta atau turun 6,7% dibandingkan akhir tahun 2020 tercatat sebesar US$ 298,24 juta.

Kemudian aset terkumpulkan tercatat sebesar US$ 514,6 juta atau susut 2,83%

dibandingkan akhir tahun 2020 yang tercatat sebesar US$ 529,68 juta. Selanjut- nya, kas bersih digunakan untuk aktivitas operasi tercatat senilai US$ 15,8 juta atau memburuk dibandingkan kuartal I tahun 2020 yang membukukan kas bersih di- peroleh dari aktivitas operasi sebesar US4 26,2 juta.

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Adaro (ADRO) Purchases Merdeka Copper (MDKA) Shares, Boy Thohir Receives

Rp433.18 Billion

C

OAL mining company PT Adaro Energy Tbk. (ADRO) purchased shares in the gold and copper company PT Merdeka Copper Gold Tbk. (MDKA) worth Rp 433.18 billion.

Adaro Energy Corporate Secretary Mahardika Putranto said that on April 28, 2021, Adaro, through its subsidiary PT Alam Tri Abadi, purchased 179 million shares of MDKA owned by Garibaldi Thohir, valued at Rp433.18 billion.

The financial investment transactions carried out by the Company are Affiliated Transactions as stipulated in the Regulation of the Financial Services Authority of the Republic of Indonesia Number 42/POJK.04/2020 concerning Affiliated Transactions and Conflict of Interest Transactions ("POJK 42/2020").

The transaction is an affiliated transaction because Garibaldi 'Boy' Thohir also holds 6.18 percent of Adaro's shares, as well as being the company's president director.

"The transaction price per share is Rp2,420," said Mahardika in a report to the Indonesia Stock Exchange (IDX).

Adaro believes that this price reflects the fair value of MDKA when the shares were purchased on April 28, 2021.

The company chose to invest in stock instruments in the gold and copper commodity sector to hedge against inflation because this sector has good fundamentals for current economic conditions.

Adaro (ADRO) Beli Saham Merdeka Copper (MDKA), Boy Thohir Dapat Rp433,18 Miliar

E

MITEN pertambangan batu bara PT Adaro Energy Tbk. (ADRO) melakukan pembelian saham perusahaan emas dan tembaga PT Merdeka Copper Gold Tbk. (MDKA) senilai Rp433,18 miliar.

Sekretaris Perusahaan Adaro Energy Mahardika Putranto menyampaikan pada 28 April 2021, Adaro melalui entitas anaknya PT Alam Tri Abadi, melakukan pembelian saham MDKA yang dimiliki oleh Garibaldi Thohir sebanyak 179 juta saham senilai Rp433,18 miliar.

Transaksi investasi keuangan yang dilakukan Perseroan tersebut merupakan Transaksi Afiliasi sebagaimana diatur dalam Peraturan Otoritas Jasa Keuangan Republik Indonesia Nomor 42/POJK.04/2020 Tentang Transaksi Afiliasi dan Transaksi Benturan Kepentingan (“POJK 42/2020”).

Transaksi tersebut merupakan transaksi afiliasi karena Garibaldi 'Boy' Thohir juga memegang 6,18 persen saham Adaro, sekaligus menjadi direktur utama perseroan.

"Harga transaksi per saham ialah Rp2.420,"

papar Mahardika dalam laporan ke Bursa Efek Indonesia (BEI).

Adaro berkeyakinan bahwa harga tersebut telah merefleksikan nilai wajar MDKA saat pembelian saham dilakukan pada tanggal 28 April 2021.

Perseroan memilih untuk berinvestasi pada instrumen saham di sektor komoditas emas dan tembaga untuk melindungi nilai terhadap inflasi karena sektor ini memiliki fundamental yang baik untuk kondisi perekonomian saat ini.

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Adaro sees gold as a commodity that is quite resilient in difficult economic times.

The situation of a fairly low interest rate at this time where many countries are loosening their monetary policy, gold has the potential to be an attractive long-term investment option.

The company also sees that the level of demand for copper in the world is gradually increasing while the supply conditions are still quite limited.

MDKA, as a company engaged in gold, copper and silver mining and has 4 (four) very promising mining projects, is a good financial investment choice.

Adaro also believes that MDKA has a very experienced board with a very good track record.

The total cash funds allocated by Adaro for this financial investment amounted to Rp 433.18 million, or only 2.62 percent of the Company's total cash and cash equivalents as of 31 December 2020.

Most of Adaro's cash and cash equivalents are placed in conservative and risk-free financial instruments to ensure a prudent investment approach. Editor: Hafiyyan

Adaro melihat bahwa emas merupakan salah satu komoditas yang cukup tangguh di masa ekonomi yang sulit. Situasi tingkat bunga yang cukup rendah saat ini dimana banyak negara melakukan pelonggaran kebijakan moneter, emas berpotensi menjadi pilihan investasi jangka panjang yang menarik.

Perseroan juga melihat tingkat permintaan tembaga di dunia secara bertahap terus meningkat sementara kondisi pasokan masih cukup terbatas.

MDKA, sebagai perusahaan yang bergerak dibidang pertambangan emas, tembaga dan perak serta memiliki 4 (empat) proyek tambang yang sangat menjanjikan, merupakan pilihan investasi keuangan yang baik.

Adaro juga berpendapat bahwa MDKA memiliki susunan pengurus yang sangat berpengalaman dengan rekam jejak yang sangat baik.

Jumlah dana kas yang dialokasikan Adaro untuk investasi keuangan ini adalah sebesar Rp433,18 juta, atau hanya 2,62 persen dari total kas dan setara kas Perseroan per tanggal 31 Desember 2020.

Sebagian besar kas dan setara kas Adaro di- tempatkan pada instrumen keuangan yang konservatif dan bebas risiko untuk me- mastikan pendekatan investasi yang pruden.

Editor : Hafiyyan

Sales Volume of a Number of ANTM Commodities Increases in

the First Quarter of 2021

Reporter: Akhmad Suryahadi | Editor:

Wahyu T. Rahmawati

P

T ANEKA Tambang Tbk (ANTM) managed to record good performance during the first quarter of 2021.

Volume penjualan sejumlah komoditas Aneka Tambang (ANTM) naik di kuartal I 2021

Reporter: Akhmad Suryahadi | Editor:

Wahyu T. Rahmawati

P

T ANEKA Tambang Tbk (ANTM) berhasil mencatatkan kinerja apik sepanjang kuartal pertama 2021.

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This state-owned company posted net income of Rp 9.21 trillion, up 77.04% from the realization of revenue in the same period the previous year which was only Rp 5.20 trillion.

ANTM's revenue increase is inseparable from the increase in commodity sales volume during the first three months of 2021. Aneka Tambang's SVP Corporate Secretary, Kunto Hendrapawoko said, ANTM's gold sales in the first quarter of 2021 reached 7,411 kg (238,269 troy oz), up 45% from the first quarter. 2020 which is only 5097 kg.

Kunto said, this increase was in line with the increasing public awareness of investing in gold and gold growth in the domestic market.

This year, ANTM is focusing on developing a customer base for precious metals in the domestic market. "ANTM continues to innovate the sale of Logam Mulia gold products by prioritizing online gold transaction and buyback mechanisms,"

explained Kunto in his official statement, Monday (3/5).

From the production side, ANTM recorded a total volume of 289 kg (9,292 troi ounces) of gold originating from the Pongkor and Cibaliung mines. Not only gold, the nickel segment also posted a slick sales performance.

The sales volume of nickel ore which is the raw material for ANTM's ferronickel and sales to domestic customers reached 2.64 million wet metric tons (wmt). This realization jumped 319% compared to nickel ore sales in the first quarter of 2020 which was only 629,000 wmt. The sales of nickel ore to the domestic market reached 1.60 million wmt during the first three months of 2021.

Emiten pelat merah ini membukukan pendapatan bersih senilai Rp 9,21 triliun, naik 77,04% dari realisasi pendapatan di periode yang sama tahun sebelumnya yang hanya Rp 5,20 triliun.

Kenaikan pendapatan ANTM tidak terlepas dari kenaikan volume penjualan komoditas sepanjang tiga bulan pertama 2021. SVP Corporate Secretary Aneka Tambang, Kunto Hendrapawoko mengatakan, penjualan emas ANTM pada kuartal I-2021 mencapai 7.411 kg (238.269 troy oz), naik 45% dari capaian kuartal pertama 2020 yang hanya 5.097 kg.

Kunto menyebut, kenaikan ini seiring dengan meningkatnya kesadaran masyarakat dalam berinvestasi emas serta pertumbuhan emas di pasar domestik.

Tahun ini, ANTM memang berfokus pada pengembangan basis pelanggan logam mulia di pasar dalam negeri. “ANTM terus melakukan inovasi penjualan produk emas Logam Mulia dengan mengedepankan mekanisme transaksi dan buyback emas secara online,” terang Kunto dalam keterangan resminya, Senin (3/5).

Dari sisi produksi, ANTM mencatatkan total volume 289 kg (9.292 ons troi) emas yang berasal dari tambang Pongkor dan Cibaliung. Tidak hanya emas, segmen nikel juga mencatatkan kinerja penjualan yang apik.

Volume penjualan produksi bijih nikel yang menjadi bahan baku feronikel ANTM dan penjualan ke pelanggan domestik mencapai 2,64 juta wet metric ton (wmt).

Realisasi ini melejit 319% dibandingkan dengan penjualan bijih nikel pada kuartal I-2020 yang hanya 629.000 wmt. Adapun penjualan bijih nikel ke pasar domestik mencapai 1,60 juta wmt sepanjang tiga bulan pertama 2021.

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Meanwhile, ANTM recorded ferronickel production of 6,300 tons of nickel in ferronickel (TNi), relatively the same as production in the first quarter of 2020, namely 6,315 TNi. ANTM's ferronickel sales rate was 5,264 tonnes, down 17.4%

from sales in the same period the previous year (6,379 tonnes).

ANTM recorded production volume of bauxite used as raw material for chemical grade alumina (CGA) ore and sales to third parties of 557,354 wmt, with total sales reaching 384,785 wmt.

Meanwhile, Aneka Tambang's CGA production volume reached 15,315 tons, with CGA sales reaching 36,098 tin of alumina or a 50 percent growth compared to last year's achievement.

Sementara itu, ANTM mencatatkan produksi feronikel sebesar 6.300 ton nikel dalam feronikel (TNi), relatif sama dengan produksi kuartal I-2020 yakni 6.315 TNi. Tingkat penjualan feronikel ANTM sebesar 5.264 TNi, menurun 17,4% dari penjualan di periode yang sama tahun sebelumnya (6.379 TNi).

ANTM mencatatkan volume produksi bauksit yang digunakan sebagai bahan baku bijih pabrik chemical grade alumina (CGA) serta penjualan kepada pihak ketiga sebesar 557.354 wmt, dengan total penjualan mencapai 384.785 wmt.

Adapun volume produksi CGA Aneka Tambang mencapai 15.315 ton dengan tingkat penjualan CGA mencapai 36.098 tin alumina atau tumbuh 50% dibandingkan capaian tahun lalu.

This is Indonesia's Way to Combat World Anti-Coal

Pressure

T

HE WORLD is now leaving the use of fossil energy in droves and turning to environmentally friendly energy or new renewable energy (EBT).

The increasingly clear impact of climate change, especially from increasing global temperatures, has made the world, especially developed countries decide to start abandoning fossil energy, one of which is coal.

Not only did they leave the consumption side, they no longer invested or disbursed loans on anything related to coal.

Ini Jurus RI Lawan Tekanan Anti Batu Bara Dunia

D

UNIA kini berbondong-bondong me- ninggalkan penggunaan energi fosil, dan beralih kepada energi ramah lingkungan atau energi baru terbarukan (EBT).

Dampak perubahan iklim yang semakin jelas, terutama dari peningkatan suhu global membuat dunia, terutama negara- negara maju memutuskan mulai meninggalkan energi fosil, salah satunya batu bara.

Tak hanya meninggalkan dari sisi konsumsi, namun mereka pun tak lagi berinvestasi maupun mencairkan pin- jaman atas apapun yang berkaitan dengan batu bara.

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The amount of world pressure on coal will certainly have an impact on Indonesia, where most of its coal production is exported abroad. In 2020, from coal production of 565.21 million tons, a total of 330.76 million tons will be sold abroad.

The Director of Mineral and Coal Revenue at the Ministry of ESDM Muhammad Wafid confirmed that the pressure on coal is now quite large.

He said that not only the European Union has now begun to limit the use of coal, but other Asian countries such as South Korea (South Korea) and Japan have also done the same.

"So, the pressure on coal is quite large," he said when interviewed by CNBC Indonesia, Friday (30/04/2021).

He said that previously he had the task of leading the Indonesian delegation in the Southeast Asian coal forum. In the forum, according to him, it was agreed that the Southeast Asian region still needed this coal resource.

Anticipating the pressure in the fossil sector, the use of coal is balanced with the use of cleaner technology or clean coal technology, from critical, super critical, to co-firing that utilizes biomass in Steam Power Plants (PLTU).

In addition, the use of coal in the country will be further increased through the downstreaming of coal, one of which is converting low-grade coal into dimethyl ether (DME).

"I think as it is known, the President emphasized that low rank coal (low calorie coal) is converted into Dimethyl Ether (DME), replacing imports of LPG and others," he explained.

According to him, there are now many companies that are interested in the downstreaming of coal. In addition...

Besarnya tekanan dunia terhadap batu bara tentunya akan berdampak pada Indonesia yang sebagian besar produksi batu baranya diekspor keluar negeri. Pada 2020, dari produksi batu bara 565,21 juta ton, sebesar 330,76 juta ton dijual keluar negeri.

Direktur Penerimaan Mineral dan Batu Bara Kementerian ESDM Muhammad Wafid mem- benarkan jika tekanan pada batu bara kini cukup besar.

Dia mengatakan, tak hanya Uni Eropa yang saat ini sudah mulai membatasi penggunaan batu bara, namun negara Asia lainnya seperti Korea Selatan (Korsel) dan Jepang juga melakukan hal yang sama.

"Jadi, memang tekanan pada batu bara ini cukup besar," paparnya saat diwawancarai CNBC Indonesia, Jumat (30/04/2021).

Dia bercerita, sebelumnya sempat men- dapatkan tugas untuk memimpin delegasi RI dalam forum batu bara Asia Tenggara. Dalam forum tersebut menurutnya disepakati jika regional Asia Tenggara masih membutuhkan sumber daya batu bara ini.

Mengantisipasi tekanan di sektor fosil, maka pemanfaatan batu bara diimbangi dengan penggunaan teknologi yang lebih bersih atau clean coal technology, baik critical, super critical, sampai dengan co-firing yang me- manfaatkan biomassa di Pembangkit Listrik Tenaga Uap (PLTU).

Selain itu, pemanfaatan batu bara di dalam negeri akan semakin ditingkatkan melalui hilirisasi batu bara, salah satunya meng- konversi batu bara kadar rendah menjadi dimethyl ether (DME).

"Saya kira sebagaimana diketahui, Presiden tekankan low rank coal (batu bara kalori rendah) dikonversi menjadi Dimethyl Ether (DME), gantikan impor LPG dan lainnya,"

jelasnya.

Menurutnya kini sudah banyak perusahaan yang berminat ke arah hilirisasi batu bara.

Selain itu,...

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In addition to the gasification project that produces DME, there is also syngas from coal to produce petrochemical products such as polypropylene.

"For companies that have discussions and consultations with us, they will develop methanol and some are trying to propose underground coal gasification, burning in the underground," he explained.

He emphasized that this coal downstreaming does not only apply to holders of Special Mining Business Permits (IUPK) which are a continuation of the Coal Mining Exploitation Work Agreement (PKP2B), but is also open to other interested companies. (wia)

Selain proyek gasifikasi yang menghasilkan DME, ada juga syngas dari batu bara untuk menghasilkan produk petrokimia seperti polypropylene.

"Untuk perusahaan yang diskusi dan konsultasi dengan kami, ini akan kembang- kan ke arah metanol dan ada juga yang men- coba usulkan underground coal gasification, burning di underground," paparnya.

Dia menekankan bahwa hilirisasi batu bara ini tidak hanya berlaku untuk pemegang Izin Usaha Pertambangan Khusus (IUPK) yang merupakan kelanjutan dari Perjanjian Karya Pengusahaan Pertambangan Batu Bara (PKP2B), tapi juga terbuka untuk perusahaan lainnya yang berminat. (wia)

Antam Distributes CSR Aid to Operational Areas

Reporter: Novita Intan/Editor: Gita Amanda

T

HE MOMENTUM of Ramadan 1442 H was used by PT Aneka Tambang (Antam) Tbk to return to distribute aid to people in need around the operational area. The assistance in the form of basic necessities, donations for orphans, repair of religious facilities and alms from the Koran was given gradually during Ramadan.

Antam's Corporate Secretary Kunto Hendrapawoko said that this assistance was expected to alleviate the socio- economic impact and welfare of the community amid the Covid-19 pandemic.

"In the midst of pandemic conditions, during this year's Ramadan, Antam is again committed to maintaining harmony with stakeholders around the operating area by providing assistance in ring one throughout the company's operational areas," he said in an official statement, Monday (3/5).

Antam Salurkan Bantuan CSR di Wilayah Operasi

Reporter: Novita Intan/Redaksi: Gita Amanda

M

OMENTUM Ramadhan 1442 H dimanfaat- kan PT Aneka Tambang (Antam) Tbk kembali menyalurkan bantuan kepada masyarakat yang membutuhkan di sekitar wilayah operasi. Adapun bantuan berupa sembako, santunan anak yatim, perbaikan sarana ibadah dan sedekah Alquran diberikan secara bertahap selama Ramadhan.

Sekretaris Perusahaan Antam Kunto Hendrapawoko mengatakan bantuan ini diharapkan dapat meringankan dampak sosial ekonomi dan kesejahteraan masyarakat di tengah pandemi Covid-19.

“Di tengah kondisi pandemi, pada Ramadhan tahun ini Antam kembali menjalankan komitmen untuk menjaga harmoni dengan pemangku kepentingan di sekitar wilayah operasi dengan memberikan bantuan di ring satu seluruh wilayah operasi perusahaan,”

ujarnya dalam keterangan resmi, Senin (3/5).

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Kunto said that in addition to providing assistance for more than seven thousand basic food packages, Antam also provided assistance in the form of Al-Qur'an alms and donations for orphans.

"This year we have prepared more than a thousand compensation packages for orphans. Antam has also provided assistance for religious facilities in some areas that are in need," he said.

The delivery of Ramadan aid is carried out through all operational units in Southeast Sulawesi, North Maluku, West Kalimantan, West Java and Jakarta.

"Apart from providing assistance in the operational area, the company also distributed Ramadan assistance in the exploration area and the Antam Precious Metal Gold Boutique location," added Kunto.

In accordance with Antam's CSR commit- ment, the distribution of this aid will continue to be carried out every Ramadan, Kunto hopes that the assistance provided can provide benefits to the community.

"Hopefully with the assistance provided by Antam, the community can receive the benefits and hopefully this assistance can lighten the economic burden a little in the midst of a pandemic," he concluded.

Kunto menyebut, selain memberikan bantuan lebih dari tujuh ribu paket sembako, Antam juga memberikan bantuan berupa sedekah Alquran dan santunan anak yatim.

“Tahun ini kami menyiapkan lebih dari seribu paket santunan anak yatim, Antam juga memberikan bantuan sarana ibadah di beberapa wilayah yang memerlukan,”

ucapnya.

Penyerahan bantuan Ramadhan dilakukan melalui seluruh unit operasi yang tersebar di Sulawesi Tenggara, Maluku Utara, Kalimantan Barat, Jawa Barat dan Jakarta.

“Selain memberikan bantuan di wilayah operasi, perusahaan juga menyalurkan bantuan Ramadan di wilayah eksplorasi dan lokasi Butik Emas Logam Mulia Antam,” tambah Kunto.

Sesuai dengan komitmen CSR Antam, penyaluran bantuan ini akan terus dilakukan setiap Ramadhan, Kunto berharap bantuan yang diberikan dapat memberikan manfaat bagi masyarakat.

“Semoga dengan bantuan yang diberikan Antam, masyarakat dapat menerima manfaatnya dan semoga bantuan ini dapat sedikit meringankan beban perekonomian di tengah kondisi pandemi,” pungkasnya.

Corona 'Tsunami' in India, Coal Prices Are Ignorant & Keep On

Shooting!

Tirta Citradi, CNBC Indonesia

T

HE CASE of Covid-19 infection that exploded in India did not prevent coal prices from rallying.

'Tsunami' Corona India, Harga Batu Bara Cuek & Terus

Melesat!

Tirta Citradi, CNBC Indonesia

K

ASUS infeksi Covid-19 yang meledak di India tak menghalangi harga batu bara untuk reli.

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The proof is that last Monday the price continued to appreciate and approached its highest level in the last 2 weeks.

Monday (3/5/2021), the ICE Newcastle thermal coal contract price rose 0.27% to US$ 91.85/ton. Finally, the price of coal went to US$ 92/ton on April 16.

The health crisis in India is getting more and more unstoppable. The number of daily cases of Covid-19 infection in India has reached nearly 400 thousand.

Meanwhile, the daily death rate reaches more than 3.00 people.

The oxygen supply is running low.

Likewise with drugs and vaccines. The government decided to re-lock India.

Electricity consumption for the industrial and commercial sectors will be depressed again by the lockdown this time.

However, one of the triggers for the increase in coal prices was the increase in Chinese coal prices, which was still caused by tight supply amid rising demand, so that local coal prices rose sharply.

"The demand for coal comes a lot to meet the needs of Chinese generators," said the Head of the Ministry of ESDM' Communi- cation, Public Information Services and Cooperation Bureau (KLIK) Agung Pribadi.

The high demand for Chinese coal, continued Agung, also affects the country's import policy. This is because the China Electricity Council (CEC) estimates that electricity consumption in 2021 will increase by 7% -8% compared to 2020.

In February, the CEC predicted that electricity consumption would increase by 6-7%. However, afterwards, electricity consumption is predicted to increase to a higher rate of 7-8%.

Furthermore, CEC stated that electricity consumption growth could exceed 8% this year. With the record...

Buktinya Senin kemarin harganya lanjut terapresiasi dan mendekati level ter- tingginya dalam 2 minggu terakhir.

Senin (3/5/2021), harga kontrak batu bara termal ICE Newcastle naik 0,27% ke US$

91,85/ton. Terakhir harga batu bara tembus ke US$ 92/ton pada 16 April lalu.

Krisis kesehatan di India semakin tak terbendung. Jumlah kasus infeksi harian Covid-19 di India tembus hampir 400 ribu.

Sementara angka kematian harian mencapai lebih dari 3.00 orang.

Pasokan oksigen menipis. Begitu juga dengan obat dan vaksin. Pemerintah memutuskan untuk kembali mengunci India.

Konsumsi listrik untuk sektor industri dan komersial bakal tertekan lagi dengan adanya lockdown kali ini.

Namun salah satu pemicu naiknya harga batu bara adalah kenaikan harga batu bara China yang masih disebabkan oleh ketat- nya pasokan di tengah kenaikan permintaan sehingga harga batu bara lokalnya naik tajam.

"Permintaan batu bara banyak datang guna memenuhi kebutuhan pembangkit Tiongkok," kata Kepala Biro Komunikasi, Layanan Informasi Publik, dan Kerja Sama (KLIK) Kementerian ESDM Agung Pribadi.

Tingginya kebutuhan batu bara Tiongkok, sambung Agung, turut mempengaruhi kebijakan impor negara tersebut. Pasalnya, China Electricity Council (CEC) memper- kirakan konsumsi listrik tahun 2021 ini naik 7%-8% dibandingkan 2020.

Pada Februari lalu CEC meramal konsumsi listrik naik 6-7%. Namun setelahnya konsumsi listrik diramal naik lebih tinggi di angka 7-8%.

Lebih lanjut, CEC menyatakan pertumbuhan konsumsi listrik bisa melebihi 8%

tahun ini. Dengan catatan,...

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With the record high summer temperatures affecting most of the country for a long time which will significantly increase the demand for air conditioning.

At the same time, inspections of mining areas by the local government also disrupt production, causing prices to rise. Argus Media reported that the Shanxi Province, China's second largest coal producer, had stopped operations at four mines for violating safety rules.

This could reduce China's domestic coal supply. Operations at the mine were suspended after the Shanxi emergency administration conducted safety checks at 24 local mines from April 11-21.

Furthermore, the Chinese government also relaxed imports so that it helped to raise global coal prices. On the other hand, economic improvement in the Asian region has also been one of the drivers for coal prices.

The increase in Newcastle coal prices also boosted the price of reference coal (HBA) in the country. Minister of Energy and Mineral Resources (ESDM) Arifin Tasrif set the HBA at US$ 89.74 per ton in trade throughout May 2021. This figure increases US$ $ 3.06 per ton from the April HBA, which was US$ 86.68 per ton. CNBC INDONESIA RESEARCH TEAM (tas/tas)

Dengan catatan suhu musim panas yang tinggi mempengaruhi sebagian besar negara untuk waktu yang lama yang secara signifikan akan meningkatkan permintaan pendingin udara.

Di saat yang sama inspeksi wilayah tambang oleh pemerintah setempat juga mengganggu jalannya produksi sehingga harga naik. Argus Media melaporkan Provinsi Shanxi sebagai penghasil batu bara terbesar kedua di China telah menghentikan operasi di empat tambang karena melanggar aturan kese- lamatan.

Hal ini dapat mengurangi pasokan batu bara dalam negeri China. Operasi di tambang dihentikan setelah administrasi darurat Shanxi melakukan pemeriksaan keamanan di 24 tambang lokal selama 11-21 April.

Selanjutnya, pemerintah Tiongkok pun melakukan relaksasi impor sehingga turut mengerek harga batu bara global. Di sisi lain perbaikan ekonomi di kawasan Asia juga menjadi salah satu pengerek harga batu bara.

Naiknya harga batu bara Newcastle juga ikut mendongkrak harga batu bara acuan (HBA) di dalam negeri. Menteri Energi dan Sumber Daya Mineral (ESDM) Arifin Tasrif menetap- kan HBA US$ 89,74 per ton pada perda- gangan sepanjang bulan Mei 2021. Besaran ini meningkat US$ 3,06 per ton dari HBA April, yakni US$ 86,68 per ton. TIM RISET CNBC INDONESIA (tas/tas)

Copper price keeps soaring while ICSG predicts 79,000 tonnes surplus in 2021

MINING.COM Staff Writer

T

HE GLOBAL copper market should see a surplus of 79,000 tonnes this year and of 109,000 tonnes in 2022, the International Copper Study Group (ICSG) said on Monday.

(19)

“After three years of remaining essentially unchanged, world copper mine production, adjusted for historical disruption factors, is expected to increase by about 3.5% in 2021 and 3.7% in 2022,” ICSG said in a press release.

“In 2021, global output is expected to recover from 2020 constrained levels and benefit from increased supply resulting from the ramp-up of recently commissioned mines,” ICSG said.

Major projects starting in 2021/2022 include Kamoa Kakula in the DRC, Quellaveco in Peru, and Quebrada Blanca QB2 in Chile.

A number of medium and small projects are also expected to come on stream in the next months.

The world’s top copper producer Chile saw output of the red metal fall for the tenth consecutive month in March, government statistics agency INE said on Friday.

Meanwhile, the copper price topped $10,000 a tonne for the first time since 2011 last week, nearing the all-time high set that year.

Copper for delivery in July was up 1% on Monday, with futures at $4.5080 per pound ($9,9176 a tonne) on the Comex market in New York.

After increasing by 1.6% in 2020, world refined copper production is expected to rise by about 3% in both 2021 and 2022.

World secondary refined production (from scrap) is also expected to grow in 2021 and 2022, after a decline of 4% in 2019 and 2020.

Antam Q1 nickel ore output up more than four-fold y/y

By: Reuters

I

NDONESIAN state miner Aneka Tambang (Antam) said on Monday its nickel ore output rose more than fourfold in the first three months of 2021 compared to the same period a year ago.

Antam's nickel ore output stood at 2.64-million wet metric tonnes (WMT) in the first quarter, up from 629 000 WMT in the same period in 2020, the company said in a statement.

Antam's nickel ore sales, meanwhile, stood at 1.6-million wet metric tonnes in the first quarter, the company said.

(20)

The company did not say why nickel ore output surged, but Indonesia, one of the world's biggest producers, has vowed to ramp up processing of nickel laterite ore for use in lithium batteries as part of a bid to eventually become a global hub for producing and exporting EVs.

An Antam spokesman did not immediately respond to a request for comment.

Reuters' quarterly poll showed last week that refined nickel supply will exceed demand by 31 000 tonnes this year and 66 500 tonnes next year.

Antam also announced on Monday that its ferronickel output stood at 6 300 tonnes nickel in ferronickel (TNi) in the first quarter, down 0.2% from a year ago.

Ferronickel sales for January-March stood at 5 624 TNi, down about 12% from 6 379 TNi sold last year, the company said.

Antam's first quarter bauxite output also jumped, up to 557,354 WMT, versus 330,984 WMT last year. Bauxite sales surged to 384,785 WMT, UP from 55,277 WMT a year ago.

Home: Indonesia, the puzzle of nickel’s competing narratives

Reuters

T

HE GLOBAL nickel market recorded a supply-demand surplus of 108,000 tonnes last year and is on track to record another 45,000-tonne surplus this year, the International Nickel Study Group (INSG) found.

Most analysts seem to agree.

Reuters’ quarterly poll, out on Thursday, showed a median forecast that refined nickel supply will exceed demand by 31,000 tonnes this year and 66,500 tonnes next year.

Such assessments feed into a bearish price landscape, with the poll generating a median London Metal Exchange (LME) cash forecast of $16,904 per tonne this year and $16,500 in 2022. LME three-month nickel is trading around $17,615.

Excess metal, clearly visible in the form of the 262,044 tonnes of refined nickel sitting in LME warehouses, has damped some of the market’s previous bull flames.

But the INSG warns that “there is a degree of uncertainty” in its forecasts, specifically around Indonesia, the world’s largest producer.

Moving targets

Nickel usage fell by 1% last year but is expected to roar back by 12% to 2.67 million tonnes this year, the INSG said after its latest twice-yearly meeting.

The metal’s demand profile is dominated by its usage in stainless steel, whose global production slid by 2.5% last year, the International Stainless Steel Forum said.

Chinese stainless production started rebounding strongly in the second half of last year and the recovery is expected to spread to the rest of the world this year.

(21)

Meanwhile, usage in electric vehicle (EV) batteries is small by comparison but “will continue to have a positive impact on nickel usage,” going forward, the INSG said.

Demand is not nickel’s immediate problem.

Rather, it is the strength of refined production growth, up 5% last year, despite a drop in mined output, and is forecast to rise another 9% this year to 2.718 million tonnes.

However, as the INSG flags, global production is a moving target, quite literally as China’s nickel pig iron (NPI) sector migrates to Indonesia after the country banned the export of unprocessed ore at the start of 2020.

This mass off-shoring exercise is clear to see in China’s shifting nickel trade flows.

Imports of nickel ore collapsed by 30% last year as Indonesia cut off the export taps and other suppliers, such as the Philippines, failed to compensate for the loss. Imports of ferronickel, by contrast, surged by 80%. Indonesian NPI accounted for 79% of the 3.44 million tonnes imported under this trade category.

China’s NPI production is declining. Indonesia’s is rising.

The problem facing the INSG’s statistical committee and everyone else is that this dynamic is highly fluid, both in terms of speed and scale.

It may take some time for the process to find its equilibrium and until it does, pinning down the nickel market’s supply-demand balance will remain challenging.

Indonesian puzzle

Indonesia is also the source of an even bigger uncertainty clouding nickel’s prospects.

China’s Tsingshan Group, a self-proclaimed disruptor of both the stainless steel and nickel industries, poured a bucket of cold water over the market’s EV dreams in March, when it said it intended to produce battery-grade material from nickel matte.

(22)

This would effectively close the processing gap between the sort of nickel used by the stainless steel industry and that used for lithium-ion battery production.

Where Tsingshan is leading, others are following as the Indonesian government tries to build out an EV materials supply chain from its abundant nickel resources.

Timelines to commercial production and costs are highly uncertain. So too is the carbon footprint of the technology required to complete the ore-to-sulphate processing route, which is a big potential problem for an input into a green product, such as an electric vehicle.

The only certainty is that Indonesian mine production, which fell by 10% last year after the export ban, is growing fast, up by 53% in the first two months of this year, the latest INSG monthly bulletin said.

Cloudy outlook

The nickel price hasn’t recovered from Tsingshan’s shock announcement. LME three-month metal was flying high above $20,000 per tonne in February but collapsed below the $16,000 level in early March.

Even after a copper-inspired rally this week, nickel remains the under-performer of the LME base metals suite, up by 1.2% since the start of January, in contrast to copper’s stellar 26%

price gains.

The INSG’s forecast for a second year of oversupply feeds into a newly emerging bear narrative that nickel’s usage in electric vehicles may not be the one-way boom bet it seemed even a few months ago.

But there are many unanswered questions, including the most basic of how much Indonesian production grow and what form of the metal it will take.

The country has embarked on a giant nickel processing experiment, which if successful would fuse the nickel chemistry split between battery and stainless steel applications. That in turn would undermine the bull argument that prices must rise to incentivise more production of the “right” type of nickel.

The emphasis is on the word “if” because there will be no resolution of nickel’s competing narratives until the experiment starts generating tangible results.

The big known unknown at the heart of the nickel market remains. Indeed, it’s the market’s defining feature right now. (Editing by Barbara Lewis)

Poland's plan to extend coal mine's life could cost it EU climate funds

By Kate Abnett

P

OLAND’s plan to extend the life of a coal mine in Turow until 2044 could mean the region will not get access to the European Union’s flagship green transition fund, the European Commission said on Monday.

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The EU’s “Just Transition Fund” is a 17.5-billion euro slice of the bloc’s budget and COVID-19 recovery fund, set aside to help regions wind down fossil fuel industries and replace them with green enterprises and jobs.

The aim is to protect communities most affected as the EU overhauls its economy to become climate neutral by 2050. Poland, which employs more than half of Europe’s coal industry workforce, is in line for the biggest share of the fund.

But on Monday the European Commission said the Polish government’s decision to extend a mining concession for the Turow coal mine, located near the Czech and German borders, until 2044 could cost the region its access to the fund.

“That certainly puts at risk the use of the Just Transition Fund to support this region where, as we can see, transition is not planned from now until 2030,” Commission spokeswoman Vivian Loonela said of the Polish government’s decision, announced last week.

The Polish government could not immediately be reached for comment.

To access the fund, regions must submit plans detailing how they intend to manage mine closures and retrain workers.

Joanna Flisowska from Greenpeace Poland said it was a “no brainer” that the fund should only go to regions taking steps to wind down the economic activities causing climate change.

The Court of Justice of the EU is due to decide in the coming months if the Turow mine must close immediately, following a lawsuit filed by the Czech Republic in February. The lawsuit alleges that Warsaw had violated EU law with an earlier extension of mining at Turow until 2026.

Turow supplies coal to a nearby electricity plant. Shutting the mine and, in turn, the power plant, would damage the functioning of the Polish and European power systems and hit the region with unemployment, a Polish diplomat told Reuters. Reporting by Kate Abnett. Editing by Jane Merriman

Northern Star increases gold inventory, plans to double production by 2027

By Vladimir Basov

A

USTRALIA’s Northern Star Resources (ASX: NST), a senior gold miner with three large, high-margin gold production centres located in the tier-one locations of Western Australia and Alaska, today announced significant growth in Reserves and Resources, led by a substantial increase at KCGM, Australia.

According to the company’s statement, Northern Star now has 21Moz in gold Reserves (up 8%) and 56.5Moz in gold Resources (up 15%) exclusively in tier-1 locations and close to existing production infrastructure. Growth was led by KCGM, with Reserves of 11.6Moz, up 20% from 9.7Moz, and Resources of 26.3Moz, up 38% from 19.0Moz.

(24)

These estimates reflect Northern Star’s combined asset base, including 100 per cent of KCGM’s Reserves and Resources.

The company said that expanded inventory will underpin Northern Star’s strategy to grow production to 2Moz per annum by 2027.

Northern Star Resources is a global-scale Australian gold producer with Tier-1 world-class projects located in highly prospective and low sovereign risk regions of Australia and North America. Northern Star rapidly transformed from a 100,000oz per year, single mine producer in 2010, to now operating four concentrated centres with total annual production in FY2020 of 905,177oz at A$1,496/oz.

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