TABLE OF CONTENTS. No. Title Media Source Page

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Daily News Update Page 1

Riza said that PTFI is committed to continuing to provide added value to Indonesia in various ways. The mining company also continues to discuss cooperatively with the government to realize PTFI's production plan and contribution, including export duties as stipulated in the work plan and cost budget. He admitted that the actual realization of the physical progress of the PTFI smelter construction had not reached the target set. This was due to the impact of the Covid-19 pandemic.

"As mandated in the recently issued Minister of ESDM regarding fines, the government and PTFI are currently discussing and detailing which smelter construction activities have been affected by the Covid-19 pandemic," he said.

Freeport Dapat Izin Ekspor 2

Juta Ton Konsentrat Tembaga

Sampai 2022

P

T FREEPORT Indonesia (PTFI) menyam-but baik pemberian rekomendasi ekspor baru untuk setahun ke depan dengan kuota sebesar 2 juta ton konsentrat tembaga. "Kami menyambut baik bahwa Pemerintah Indonesia telah mengeluarkan izin ekspor PTFI untuk 1 tahun ke depan. [Kuota] 2 juta ton konsentrat," ujar Vice President Corporate Communication Freeport Indonesia Riza Pratama kepada Bisnis, Selasa (23/3/2021).

Volume kuota eskpor tersebut mengalami kenaikan dari tahun lalu. Menurut catatan Bisnis, kuota ekspor yang diberikan tahun lalu sebesar 1.069.000 ton konsentrat tembaga.

Riza mengatakan bahwa PTFI berkomitmen untuk terus memberikan nilai tambah bagi Indonesia dalam berbagai cara. Perusahaan tambang itu juga terus berdiskusi secara kooperatif dengan pemerintah untuk merealisasikan rencana produksi dan kontribusi PTFI, termasuk bea keluar ekspor sebagaimana diatur dalam rencana kerja dan anggaran biaya.

Dia mengakui bahwa realisasi aktual kemajuan fisik pembangunan smelter PTFI tidak mencapai target yang ditetapkan. Hal ini disebabkan dampak pandemi Covid-19. "Seperti amanat dalam Kepmen ESDM yang baru dikeluarkan terkait denda, pemerintah dan PTFI tengah mendiskusikan dan men-detailkan aktivitas-aktivitas pembangunan smelter mana saja yang terdampak oleh pandemi Covid-19," katanya.

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Daily News Update Page 4 Minister of Energy and Mineral Resources,

Arifin Tasrif, revealed that the government has relaxed the recommendation for export permits to Freeport, even though the smelter construction progress until the end of 2020 has only reached about 6 percent of the target, which should have reached around 10 percent.

The recommendation is given because the price of copper in the market is increasing quite sharply. If export permits are not granted, the government is worried that it will eliminate the opportunity to increase state revenue.

"Indeed, based on the rules, we have the right not to give export permits, but if we are not granted export permits, it will have an impact on our income and social impacts on our employees," said Arifin in a working meeting with Commission VII DPR RI, Monday (22/3/2021).

However, he confirmed that the imposition of fines due to delays in the progress of smelter construction would still be enforced.

Based on the Minister of ESDM Regulation No. 25 of 2018, the construction of a smelter is indeed one of the requirements for companies to obtain mineral export recommendations. The development progress must reach 90 percent of the plan per 6 months. If it does not reach 90 percent of the target period, the export recommendation will be revoked and there will be financial sanctions in the form of a fine of 20 percent of the cumulative sales value. Editor: Zufrizal

Menteri Energi dan Sumber Daya Mineral Arifin Tasrif mengungkapkan bahwa pemerintah memberi relaksasi rekomen-dasi izin ekspor kepada Freeport meski progres pembangunan smelternya sampai akhir 2020 baru mencapai sekitar 6 persen dari target seharusnya mencapai sekitar 10 persen.

Rekomendasi diberikan lantaran harga komoditas tembaga di pasaran tengah meningkat cukup tajam. Bila izin ekspor tidak diberikan, pemerintah khawatir akan menghilangkan peluang penambahan ter-hadap penerimaan negara.

"Memang kalau berdasarkan aturan, kami ada hak untuk tidak berikan izin ekspor, tapi kalau tidak diberi izin ekspor akan memberikan dampak terhadap penerima-an kita dpenerima-an dampak sosial ke karyawpenerima-an- karyawan-nya," ujar Arifin dalam rapat kerja dengan Komisi VII DPR RI, Senin (22/3/2021). Namun, dia memastikan pengenaan sanksi denda karena keterlambatan progres pem-bangunan smelter tetap diberlakukan. Berdasarkan Peraturan Menteri ESDM No. 25 Tahun 2018, pembangunan smelter memang menjadi salah satu syarat bagi perusahaan untuk mendapatkan reko-mendasi ekspor mineral. Progres pem-bangunan harus mencapai 90 persen dari rencana per 6 bulan. Jika tidak mencapai 90 persen dari target periode tersebut, rekomendasi ekspornya akan dicabut dan ada sanksi finansial berupa denda sebesar 20 persen dari nilai penjualan kumulatif.

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ESDM Ministry provides relaxation

for mineral exports, this is the

response of business actors

Reporter: Filemon Agung | Editor: Handoyo

A

NUMBER of business actors have responded positively to the government's move to provide relaxation on mineral commodity export recommendations during the Covid-19 pandemic.

Vice President for Corporate Communi-cation of PT Freeport Indonesia (PTFI), Riza Pratama, said that his party welcomed the government's efforts to issue PTFI's export permit for the next year.

"PTFI is committed to continuing to provide added value to Indonesia in various ways. PTFI also continues to discuss cooperatively with the Government to realize PTFI's production plans and contributions, including export duties as stipulated in the RKAB," said Riza to Kontan.co.id, Tuesday (23/3).

Riza ensured that the actual realization of the physical progress of the Freeport smelter construction did not reach the target set due to the impact of the Covid-19 pandemic.

Riza continued, with these conditions, Freeport is now in discussion with the government regarding the provisions of fines as mandated in the Minister of ESDM Decree that has been issued. "The government and PTFI are currently discussing and detailing which smelter construction activities have been affected by the Covid-19 pandemic," continued Riza.

Kementerian ESDM berikan

relaksasi ekspor mineral, begini

tanggapan pelaku usaha

Reporter: Filemon Agung | Editor:

Handoyo

S

EJUMLAH pelaku usaha menyambut positif langkah pemerintah memberikan relaksasi rekomendasi ekspor komoditas mineral selama masa pandemi covid-19.

Vice President Corporate Communication

PT Freeport Indonesia (PTFI) Riza Pratama mengungkapkan pihaknya menyambut baik upaya pemerintah yang telah mengeluarkan izin ekspor PTFI setahun ke depan.

"PTFI berkomitmen untuk terus mem-berikan nilai tambah bagi Indonesia dalam berbagai cara. PTFI juga terus berdiskusi secara kooperatif dengan Pemerintah untuk merealisasikan rencana produksi dan kontribusi PTFI, termasuk bea keluar ekspor sebagaimana diatur dalam RKAB," ujar Riza kepada Kontan.co.id, Selasa (23/3).

Riza memastikan realisasi aktual kemajuan fisik pembangunan smelter Freeport tidak mencapai target yang ditetapkan akibat dampak pandemi covid-19.

Riza melanjutkan, dengan kondisi tersebut maka Freeport kini tengah berdiskusi dengan pemerintah seputar ketentuan denda sesuai amanat dalam Keputusan Menteri ESDM yang telah dikeluarkan. "Pemerintah dan PTFI tengah men-diskusikan dan mendetailkan aktivitas-aktivitas pembangunan smelter mana saja yang terdampak oleh pandemi Covid-19," sambung Riza.

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Daily News Update Page 6 Meanwhile, Kartika Oktaviana, Head of

Corporate Communication at PT Amman Mineral Nusa Tenggara, said that his party would focus on meeting the targets set by the government.

"Thus, the export planning that we have made also remains based on our efforts to run operations optimally and ensure the smelter construction process runs," Kartika told Kontan.co.id, Monday (22/3). Meanwhile, Chairman of the Association of Indonesian Processing and Refining Industry Companies (AP3I) Prihadi Santoso said that his party could understand the policies taken by the government based on the impact of the Covid-19 pandemic.

Nevertheless, Prihadi assessed that government policies should not be reactive. "I also disagree if the ESDM Minister's decision is only reactive and has a medium term," Prihadi told Kontan.co.id, Tuesday (23/3).

Sementara itu, Head of Corporate

Communi-cation PT Amman Mineral Nusa Tenggara

Kartika Oktaviana mengungkapkan pihaknya bakal berfokus untuk pemenuhan target sesuai yang telah ditetapkan pemerintah. "Dengan demikian, perencanaan ekspor yang kami buat juga tetap bertumpu pada upaya kami menjalankan operasional secara optimal dan memastikan berjalannya proses pembangunan smelter," kata Kartika kepada Kontan.co.id, Senin (22/3).

Sementara itu, Ketua Umum Asosiasi Perusahaan Industri Pengolahan dan Pemurnian Indonesia (AP3I) Prihadi Santoso mengungkapkan pihaknya dapat memahami kebijakan yang diambil oleh pemerintah yang didasarkan dampak pandemi covid-19. Kendati demikian, Prihadi menilai kebijakan pemerintah sebaiknya tidak bersifat reaktif. "Saya juga tidak setuju jika keputusan Menteri ESDM sifatnya hanya reaktif dan berjangka waktu sedang," kata Prihadi kepada Kontan.co.id, Selasa (23/3).

Not Only Nickel, This Mining

Product Can Support Electric

Cars

Anisatul Umah, CNBC Indonesia

I

NDONESIA is blessed with mineral reserves in the form of nickel, which is the raw material for making lithium batteries for electric vehicles. Not only nickel, there are other mineral commodities owned by Indonesia that can also support electric cars.

Tak Cuma Nikel, Produk

Tambang Ini Bisa Dukung Mobil

Listrik

Anisatul Umah, CNBC Indonesia

I

NDONESIA dianugerahi cadangan mineral berupa nikel yang menjadi bahan baku pembuatan baterai lithium untuk kendaraan listrik. Tidak hanya nikel, ada komoditas mineral lain yang dimiliki Indonesia juga bisa mendukung mobil listrik.

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Daily News Update Page 7 Deputy for Investment and Mining of the

Coordinating Ministry for Maritime Affairs and Investment, Septian Hario Seto, said copper is also a commodity whose demand will increase, such as nickel. According to him, the need for copper for an electric car can reach four to five times that of an ordinary car.

"For an ordinary car, 20 tons (copper) per one car, for an electric car it can be up to 80 to 100 tons," he said.

Not to mention the need for copper for charging station components that require cables and others. Thus, it is estimated that the demand for copper will also increase significantly.

"Especially if we later use the charging station components, all kinds of wiring (cables) will be bigger," he said.

Another mineral commodity that is also excellent in the future is bauxite. According to him, bauxite will also be used for a mixture of electric car frames.

This bauxite will be processed into aluminum to make the electric car frame lighter. However, according to him, his strength is not inferior compared to other minerals. With a lighter load and the same battery capacity, according to him, this electric car can go further.

"Copper, we know that the reserve source is in Freeport, then in Amman Mineral, then in Banyuwangi which is Tumpang Pitu, we can see that what is currently being explored is also in Sumbawa," he said.

Indonesia has large reserves in these three leading mineral commodities, and is relatively high relative to world reserves. Therefore, he added, by carrying out further exploration, this would strengthen the reserve position of the three leading commodities.

Deputi Investasi dan Pertambangan Kemen-terian Koordinator Bidang Kemaritiman dan Investasi Septian Hario Seto mengatakan, tembaga juga menjadi komoditas yang permintaannya akan meningkat seperti nikel. Menurutnya, kebutuhan tembaga untuk mobil listrik bisa mencapai empat sampai lima kali lipat dibandingkan mobil biasa. "Kalau mobil biasa 20 ton (tembaga) setiap satu mobilnya, untuk mobil listrik itu bisa sampai 80 sampai 100 ton," tuturnya.

Belum lagi kebutuhan tembaga untuk kompo-nen stasiun pengisian daya (charging station) yang membutuhkan kabel dan lainnya. Dengan demikian, diperkirakan permintaan tembaga ini juga akan meningkat cukup signifikan. "Apalagi kalau kita kemudian nanti komponen

charging station butuh wiring (kabel) segala

macamnya, akan lebih besar," ujarnya.

Komoditas mineral lain yang juga menjadi primadona di masa depan adalah bauksit. Bauksit menurutnya juga akan dimanfaatkan untuk campuran pembuatan kerangka mobil listrik.

Bauksit ini akan diproses menjadi aluminium untuk membuat kerangka mobil listrik menjadi lebih ringan. Namun kekuatannya menurutnya juga tidak kalah dibandingkan dengan mineral lainnya. Dengan beban lebih ringan dan kapasitas baterai yang sama, maka mobil listrik ini menurutnya bisa melaju lebih jauh.

"Tembaga kita tahu sumber cadangan ada di Freeport, kemudian ada di Amman Mineral, ada kemudian di Banyuwangi yang Tumpang Pitu, kita lihat yang sedang dilakukan eksplo-rasi saat ini juga ada di Sumbawa," tuturnya. Indonesia memiliki cadangan besar di tiga komoditas mineral unggulan ini, dan relatif tinggi terhadap cadangan dunia. Maka dari itu, imbuhnya, dengan melakukan eksplorasi lebih lanjut, maka ini akan memperkuat posisi cadangan tiga komoditas unggulan tersebut.

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Daily News Update Page 8 "Further exploration to increase these

reserves will strengthen the position not only of our energy security but also of Indonesia's economic resilience in the future," he said.

Based on data from the Geological Agency for the status of July 2020, Indonesia's nickel resources reached 11.9 billion tons and reserves of 4.35 billion tons, copper resources were 14.8 billion tons and reserves were 2.6 billion tons, and bauxite resources reached 5.1. billion tonnes and 2.8 billion tonnes of reserves. (wia)

"Eksplorasi lebih lanjut untuk mening-katkan cadangan ini, memperkuat posisi tidak hanya ketahanan energi kita tapi juga ketahanan ekonomi Indonesia ke depan-nya," tegasnya.

Berdasarkan data Badan Geologi status Juli 2020, sumber daya nikel Indonesia mencapai 11,9 miliar ton dan cadangan 4,35 miliar ton, sumber daya tembaga 14,8 miliar ton dan cadangannya 2,6 miliar ton, serta sumber daya bauksit mencapai 5,1 miliar ton dan cadangannya 2,8 miliar ton.

(wia)

Market Focus: Coal Commodity

Prices Increase Significantly

Muhammad Ghafur Fadillah

T

HE FOCUS of market players today is on the increase in coal prices that have occurred in the last few months. The tightening of industrial activities that occurred as a result of the re-enactment of the lockdown was the cause of the increase in coal prices.

In its daily research, Pilarmas Sekuritas explained that the increase in reference coal prices would certainly be a positive catalyst for the performance of issuers and export earnings.

However, Pilarmas said that the increase in the benchmark coal price could be a trigger for rising inflation. Because, the increase in production costs as a result of the increase in reference coal prices is considered to be able to increase the selling price of the product.

Meanwhile, referring to historical data, the benchmark coal price has risen +24.56% in the past month and +16.94% since the beginning of the year.

Fokus Pasar: Harga Komoditas

Batubara Naik Signifikan

Muhammad Ghafur Fadillah

F

OKUS para pelaku pasar pada hari ini tertuju pada kenaikan harga batubara yang terjadi pada beberapa bulan terakhir. Pengetatan aktivitas industri yang terjadi akibat kembali berlakunya lockdown jadi sebab peningkatan harga batubara.

Dalam riset hariannya, Pilarmas Sekuritas menjelaskan, kenaikan harga batubara acuan tentu menjadi katalis positif bagi kinerja emiten maupun pendapatan ekspor.

Meski demikian, Pilarmas mengatakan meningkatnya harga batubara acuan dapat menjadi pemicu naiknya inflasi. Lantaran, kenaikan dari biaya produksi sebagai dampak dari kenaikan harga batubara acuan dinilai dapat memberikan kenaikan pada harga jual produk.

Adapun, jika mengacu pada data historis, harga batubara acuan telah naik +24.56% dalam satu bulan terakhir dan +16.94% sejak awal tahun.

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Daily News Update Page 9 Most recently, through the DMO policy,

both coal and B30, it is the government's step to suppress fuel imports and maintain domestic price stability.

Meanwhile, to meet domestic coal demand, the government has set the selling price of coal used as electricity for public use at US$ 70 per metric ton free on board (FOB) vessel.

Then, the government also requires IUP, IUPK, and PKP2B holders to fulfill the domestic market obligation (DMO) of 25% of the planned amount of approved coal production.

"The US$ 70 price fixing actually has a good impact on consumers because they can get substantial savings due to the rising international coal price," Pilarmas explained, Wednesday (24/3).

Furthermore, when referring to data from the Ministry of ESDM, in 2018 when the average coal price was around US$ 99 per metric ton, the DMO coal price policy was able to create BPP savings of Rp 17.9 trillion. Then, in 2019 the average coal price was in the range of US$ 77.9 per metric ton, the same policy was able to save BPP of Rp. 11 trillion.

"Meanwhile, during 2020, the coal price is relatively lower than the caping price, so there will be no cost savings. The determination of the selling price of coal in the electricity sector is intended to ensure that PLN can buy domestic coal according to its financial capabilities, without additional subsidies and an increase in the basic electricity tariff," explained Pilarmas. On the other hand, the coal selling price for electricity of US$ 70 per metric ton has taken into account the economic feasibility of a mining company so that it can operate in a sustainable manner. If it is determined to be lower than...

Terbaru, lewat kebijakan DMO baik batubara maupun B30 menjadi langkah pemerintah guna menekan impor bahan bakar dan menjaga stabilitas harga dalam negeri.

Sementara itu, untuk memenuhi kebutuhan batubara dalam negeri, pemerintah mematok harga jual batubara yang digunakan sebagai penyediaan tenaga listrik untuk kepentingan umum dipatok US$70 per metrik ton free on board (FOB) vessel.

Kemudian, pemerintah juga mewajibkan pemegang IUP, IUPK, dan PKP2B memenuhi domestic market obligation (DMO) sebesar 25% dari rencana jumlah produksi batubara yang disetujui.

“Penetapan harga US$70 sebetulnya mem-berikan dampak baik ke konsumen karena bisa mendapatkan penghematan cukup besar disebabkan harga batubara internasional yang mengalami kenaikan,” jelas Pilarmas, Rabu (24/3).

Lebih lanjut, apabila mengacu pada data Kementerian ESDM, pada 2018 saat rata-rata harga batubara pada kisaran US$99 per metrik ton, kebijakan harga DMO batubara mampu menciptakan penghematan BPP sebesar Rp 17,9 triliun. Lalu, pada 2019 rata-rata harga batubara pada kisaran US$ 77,9 per metrik ton, kebijakan yang sama mampu menghemat BPP sebesar Rp11 triliun.

“Sedangkan selama 2020, harga batubara relatif lebih rendah dari harga caping sehingga tidak ada penghematan biaya. Penentuan harga jual batubara pada sektor ketenagalistrikan dimaksudkan untuk menjamin PLN dapat membeli batubara dalam negeri sesuai kemampuan finansialnya, tanpa ada tambahan subsidi dan kenaikan tarif dasar listrik,” jelas Pilarmas.

Di sisi lain, besaran harga jual batubara untuk kelistrikan sebesar US$ 70 per metrik ton tersebut telah mempertimbangkan kelayakan ekonomi perusahaan pertambangan agar dapat beroperasi secara berkelanjutan. Apabila ditentukan lebih rendah dari...

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Daily News Update Page 10 If it is determined to be lower than the

HBA of US$ 70 per metric ton, it is estimated that there will be a potential export trend which will lead to scarcity of domestic coal.

Pilarmas assessed that the DMO policy was the right step by the government to keep domestic energy supply stable, which is one of the pillars of economic recovery.

Editor: Gora Kunjana

Apabila ditentukan lebih rendah dari HBA US$ 70 per metrik ton, diperkirakan akan terjadi potensi kecenderungan ekspor yang akan menimbulkan kelangkaan batu bara dalam negeri.

Pilarmas menilai, kebijakan DMO menjadi langkah yang tepat oleh pemerintah untuk menjaga supply energi dalam negeri tetap stabil yang menjadi salah satu penopang pemulihan ekonomi. Editor : Gora Kunjana

Two mining smelter factories

will be completed this year

Reporter: Filemon Agung | Editor: Khomarul Hidayat

T

HE MINISTRY of Energy and Mineral Resources (ESDM) has confirmed that there are two additional smelter projects that have been completed to date.

Director General of Mineral and Coal at the Ministry of ESDM Ridwan Djamaluddin said the two additional smelters came from iron sand and bauxite concentrates.

"There are two (completed), namely PT Rusan Sejahtera iron sand concentrate smelter and PT Berkah Bintan Island for bauxite smelter," Ridwan said, Monday (22/3).

Ridwan added, so far there has been no revocation of business licenses by the government. This is because the progress of the existing smelters is considered to still meet the target in monitoring according to the S curve.

Until 2020, the total realization of smelter construction was recorded at only 19 units. This number consists of 13 nickel smelters, 2 bauxite smelters, 1 iron smelter, 2 copper smelters, and 1 manganese smelter.

Dua pabrik smelter tambang

rampung tahun ini

K

EMENTERIAN Energi dan Sumber Daya Mineral (ESDM) memastikan ada tambahan dua proyek smelter yang telah rampung hingga saat ini.

Direktur Jenderal Mineral dan Batubara Kementerian ESDM Ridwan Djamaluddin mengungkapkan dua tambahan smelter ini berasal dari konsentrat pasir besi dan bauksit.

"Ada dua (yang selesai), yakni PT Rusan Sejahtera smelter konsentrat pasir besi dan PT Berkah Pulau Bintan untuk smelter bauksit," kata Ridwan, Senin (22/3).

Ridwan menambahkan, selama ini tidak ada pencabutan izin usaha yang dilakukan pemerintah. Sebab, progres smelter yang ada dinilai masih memenuhi target dalam pemantauan sesuai kurva S.

Hingga tahun 2020 lalu, total realisasi pembangunan smelter tercatat baru 19 unit. Jumlah ini terdiri dari 13 smelter nikel, 2 smelter bauksit, 1 smelter besi, 2 smelter tembaga, dan 1 smelter mangan.

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Daily News Update Page 11 In addition, the total investment for

smelter construction until the first semester of 2020 has reached US$ 12.06 billion.

In total, the smelter project by 2024 is expected to reach 53 smelters. The total investment to reach the 53 smelters is US$ 21.59 billion.

When detailed, the investment for a copper smelter is US$ 4.69 billion, a nickel smelter is US$ 8 billion, a bauxite smelter is US$ 8.64 billion, an iron smelter is US$ 193.9 million, a manganese smelter is US$ 23. 9 million, and lead and zinc smelters of US$ 28.8 million.

Selain itu, total investasi pembangunan smelter hingga semester pertama 2020 mencapai US$ 12,06 miliar.

Secara total, proyek smelter hingga tahun 2024 diharapkan bisa mencapai 53 smelter. Adapun total investasi untuk men-capai 53 smelter tersebut menmen-capai US$ 21,59 miliar.

Bila dirinci, investasi untuk smelter tembaga sebesar US$ 4,69 miliar, smelter nikel sebesar US$ 8 miliar, smelter bauksit sebesar US$ 8,64 miliar, smelter besi sebesar US$ 193,9 juta, smelter mangan sebesar US$ 23,9 juta, dan smelter timbal dan seng sebesar US$ 28,8 juta.

Collaborating with TINS and

KBI, BBJ Officially Serves

Domestic Tin Trade

Author: Lorenzo Anugrah Mahardhika

T

HE JAKARTA Futures Exchange (JFX) or the Jakarta Futures Exchange (BBJ) has officially traded the physical market commodity for pure tin bars.

Reporting from the company's official statement on Tuesday (23/3/2021) this physical tin trade was officially carried out on Monday (22/3/2021) yesterday and is intended for the domestic market.

In this initial trade, there were recorded total transactions of 150 lots or 150 tons of tin in collaboration with PT Kliring Berjangka Indonesia or PT KBI as the tin clearing house.

Stephanus Paulus Lumintang, President Director of the Jakarta Futures Exchange, said that the presence of the domestic tin physical market is expected to boost domestic industrial growth and accelerate economic recovery.

Gandeng TINS dan KBI, BBJ

Resmi Layani Perdagangan

Timah dalam Negeri

Author: Lorenzo Anugrah Mahardhika

J

AKARTA Futures Exchange (JFX) atau Bursa Berjangka Jakarta (BBJ) telah resmi memperdagangkan komoditi pasar fisik timah murni batangan.

Dilansir dari keterangan resmi perusahaan pada Selasa (23/3/2021) perdagangan timah fisik ini resmi dilakukan pada Senin (22/3/2021) kemarin dan diperuntukkan bagi pasar dalam negeri.

Pada perdagangan perdana ini, tercatat total transaksi sebanyak 150 lot atau 150 ton timah yang bekerja sama dengan PT Kliring Berjangka Indonesia atau PT KBI sebagai Lembaga Kliring timah.

Stephanus Paulus Lumintang, Direktur Utama Jakarta Futures Exchange, mengata-kan kehadiran pasar fisik timah dalam negeri diharapkan dapat mendorong pertumbuhan industri dalam negeri serta mempercepat pemulihan ekonomi.

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Daily News Update Page 12 "I am optimistic that with the

commence-ment of domestic pure tin bar trade transactions, it will attract domestic inventors to transact through the existing trading system in the BBJ," he was quoted as saying from an official statement.

Purwoko, Commercial Director of PT Timah Tbk., Added that as a member, the presence of BBJ, which is one of the alternatives to the tin market in Indonesia, provides convenience in transactions. Tin transactions through BBJ prioritize a flexible and transparent trading system because all transactions are recorded and can be monitored by the state.

He hopes that the collaboration between PT Timah Tbk and BBJ on domestic tin transactions can provide fresh air on the downstreaming of domestic tin products, so as to encourage national economic growth.

JFX as the Self Regulatory Organization (SRO) set 2021 as the year of "Change and Development". Development and improve-ment will be carried out at all lines of the organization, especially in the field of human resources.

This is done for the sake of efficiency and increased productivity, as well as making resources ready to take part in the era of globalization. Through improvements made both internally and inter-agency, it is hoped that these changes will have a positive impact on the industry and companies both in terms of industrial positioning and in terms of financial results. Editor: Hafiyyan

“Saya optimis, dengan dimulainya transaksi perdagangan timah murni batangan dalam negeri, akan menarik inventor domestik untuk bertransaksi melalui sistem perdagangan yang ada di BBJ," katanya dikutip dari keterangan resmi.

Purwoko, Direktur Niaga PT Timah Tbk., menambahkan sebagai salah satu member, kehadiran BBJ yang merupakan salah satu alternatif bursa timah di Indonesia mem-berikan kenyamanan dalam bertransaksi. Transaksi timah melalui BBJ lebih mengedepankan tata niaga yang fleksibel dan transparan karena semua transaksi tercatat dan dapat dimonitor oleh negara. Ia mengharapkan, kolaborasi antara PT Timah Tbk dan BBJ atas transaksi timah dalam negeri dapat memberikan angin segar pada hilirisasi produk timah dalam negeri, sehingga dapat mendorong pertum-buhan ekonomi nasional.

JFX sebagai Self Regulatory Organization (SRO) menetapkan tahun 2021 sebagai tahun “Perubahan dan Pengembangan”. Pengembangan dan perbaikan akan di-lakukan di semua lini organisasi, terutama di bidang sumber daya manusia.

Hal ini dilakukan demi efisiensi dan peningkatan produktivitas, serta men-jadikan sumber daya yang siap berkiprah di era globalisasi. Melalui perbaikan yang dilakukan baik secara internal maupun antar-lembaga, diharapkan perubahan ini berdampak positif bagi industri dan perusahaan baik dalam hal industrial positioning maupun dalam hal financial result. Editor : Hafiyyan

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DPR asks for firm action against

coal companies that do not

comply with the DMO

Oktiani Endarwati

M

EMBER of Commission VII DPR RI Muhammad Nasir questioned the information regarding the existence of a coal company that did not carry out the domestic market obligation (DMO) regulation. Even though the government requires each holder of a Mining Business Permit (IUP), a Special Mining Business Permit (IUPK), and a Coal Mining Exploitation Work Agreement (PKP2B), to fulfill the DMO of 25% of the approved coal production volume plan.

"We have discussed with the DPR, there is an agreement in the conclusion that the DMO has been agreed to help PLN. For companies that do not comply with the DMO, their license will be revoked," he said in a working meeting of Commission VII DPR RI with ESDM Minister Arifin Tasrif, Monday (22 / 3/2021).

Nasir continued, this was solely to meet domestic coal needs. The government has also set a maximum coal selling price for domestic power plants at USD70 per metric ton. "After this meeting, we will form a Primary Energy Working Committee (Panja Energi Primer), which company does not deposit the DMO to have its license revoked," he said.

Nasir said that his party received information on the existence of a Steam Power Plant which changed its fuel from coal to gas. This is because the coal stock for power plants is only enough for three days.

DPR Minta Tindak Tegas

Perusahaan Batu Bara yang

Tidak Penuhi DMO

Oktiani Endarwati

A

NGGOTA Komisi VII DPR RI Muhammad Nasir mempertanyakan informasi terkait adanya perusahaan batu bara yang tidak menjalankan aturan domestik market obligation (DMO). Padahal pemerintah mewajibkan masing-masing pemegang Izin Usaha Pertambangan (IUP), Izin Usaha Pertambangan Khusus (IUPK), dan Per-janjian Karya Pengusahaan Pertambangan Batu Bara (PKP2B), untuk memenuhi DMO sebesar 25% dari rencana jumlah produksi batu bara yang disetujui.

"Kita sudah bahas bersama DPR, ada kesepakatan dalam keputusan kesimpulan bahwa DMO itu sudah disepakati untuk membantu PLN. Bagi perusahaan yang tidak memenuhi DMO itu izinnya dicabut," ujarnya dalam rapat kerja Komisi VII DPR RI dengan Menteri ESDM Arifin Tasrif, Senin (22/3/2021).

Nasir melanjutkan, hal tersebut semata untuk memenuhi kebutuhan batu bara dalam negeri. Pemerintah juga menetap-kan harga jual batu bara untuk pembangkit listrik di dalam negeri maksimal USD70 per metrik ton. "Setelah rapat ini, kita adakan pembentukan Panja Energi Primer, siapa perusahaan yang tidak setor DMO untuk dicabut izinnya," tuturnya.

Nasir mengungkapkan, pihaknya men-dapatkan informasi adanya Pembangkit Listrik Tenaga Uap yang berubah bahan bakarnya dari batu bara ke gas. Hal ini lantaran stok batu bara untuk pembangkit listrik hanya cukup untuk tiga hari.

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Daily News Update Page 14 According to him, if the coal stock is only

enough for three days, it will be risky for the operation of power plants, including those operated by PT PLN (Persero). In the end, the condition was no longer bright Indonesia, but dark Indonesia.

"That is a real and real condition. The coal supply for power plants is only three days. If a disaster occurs, it will not be light Indonesia, but dark Indonesia. I ask for the DMO seriously. Companies that do not comply with the DMO have their licenses revoked," he said.

Responding to this, Minister of ESDM Arifin Tasrif explained that the realization of coal absorption for the domestic market did not meet the target, or was less than 137 million tons of the total realized production of 560 million tons. Domestic absorption (disrupted) due to the Covid-19 pandemic for PLN and IPP (private electricity developers).

Arifin admitted that a number of PLN PLTUs were damaged, so coal fuel was replaced with gas. "At the end of the year until the beginning of this year there were big waves, rain, and so on, which hampered the supply of coal to the power plant. Then, there was damage to the PLN plant, we have helped with the gas supply in the inventory," he explained. (ind)

Menurut dia, jika stok batu bara hanya cukup untuk tiga hari maka akan berisiko bagi operasional pembangkit listrik, ter-masuk yang dioperasikan PT PLN (Persero). Pada akhirnya kondisinya tidak lagi Indonesia terang, melainkan Indonesia gelap. "Itu kondisi nyata riil. Stok batu bara pembangkit cuma tiga hari. Kalau terjadi bencana, bukan Indonesia terang, tapi Indonesia gelap. Saya minta DMO secara serius. Perusahaan yang tidak memenuhi DMO dicabut izinnya," tegasnya.

Menanggapi hal tersebut, Menteri ESDM Arifin Tasrif menjelaskan, realisasi penyerapan batu bara untuk domestik tidak sesuai target, atau kurang dari 137 juta ton dari total realisasi produksi 560 juta ton. Penyerapan untuk dalam negeri (terganggu) karena adanya pandemi Covid-19 untuk PLN dan IPP (pengembang listrik swasta).

Arifin mengaku ada sejumlah PLTU PLN yang rusak, sehingga bahan bakar batu bara digantikan dengan gas. "Di akhir tahun sampai awal tahun ini ada gelombang besar, hujan, dan lainya sehingga menghambat pasokan batu bara ke pembangkit listrik. Lalu, ada kerusakan pembangkit PLN, kami sudah bantu dengan suplai gas yang ada di inventori," jelasnya. (ind)

LIPI Researcher: Coal Waste Has

Economic Value

Reporter: Rizkyan Adiyudha/Editor: Friska Yolandha

R

ESEARCHER at the LIPI Metallurgy and Materials Research Center, Nurul Taufiqu Rochman, responded to the government's decision to issue...

Peneliti LIPI: Limbah Batu Bara

Punya Nilai Ekonomi

Reporter: Rizkyan Adiyudha/Redaksi: Friska Yolandha

P

ENELITI Pusat Penelitian Metalurgi dan Material LIPI, Nurul Taufiqu Rochman menanggapi keputusan pemerintah untuk mengeluarkan...

(15)

Daily News Update Page 15 to issue Fly Ash and Bottom Ash (FABA)

which is produced from the coal burning process in a steam power plant (PLTU). According to him, coal and palm oil waste is not dangerous.

"We know that there is nothing dangerous. Nothing is B3. Why should it be put in B3? How did we take the policy at that time. I am very sorry," Nurul Taufiqu Rochman said in a statement, Tuesday (23/3).

He said that no country categorizes coal and palm oil waste as B3. As an expert and lead researcher in the field of metallurgy, he admits that he is surprised why the previous policy makers made this policy. He stated that coal and palm oil waste is a danger when it is not used or piled up in large quantities. In fact, he is of the opinion that the waste can be used for various products, from concrete blocks to road materials.

"We have analyzed the composition and so there is nothing dangerous. A big loss if the waste is not used," he said.

Executive Director of the Indonesian Coal Companies Association (APBI) Hendra Sinadia said that Indonesia must imitate developed countries in managing FABA. According to him, the government is right to remove FABA from the list of hazardous waste considering its economic value. "This can be used in general. This is the best practice for many countries. China, Japan, Vietnam. As cement and road buildings. In Japan, the Fukushima dam is made from coal waste. So why don't we learn from it," he said.

Hendra said a number of coal companies, including the PLTU company, had conducted a study on the use of FABA which stated that the raw material was safe to use. However, he argued, mass use was not yet because there still had to be a clearence.

untuk mengeluarkan Fly Ash dan Bottom Ash (FABA) yang dihasilkan dari proses pem-bakaran batu bara pada pembangkit listrik tenaga uap (PLTU). Menurutnya, limbah batu bara dan sawit memang tidak berbahaya. "Kita tahu bahwa memang tidak ada yang berbahaya. Tidak ada yang B3. Kenapa harus dimasukkan ke B3. Bagaimana mengambil kebijakan waktu itu. Saya sayangkan sekali," kata Nurul Taufiqu Rochman dalam kete-rangan, Selasa (23/3).

Dia mengatakan, tidak ada negara yang mengkategorikan limbah batu bara dan sawit sebagai B3. Sebagai pakar dan pimpinan peneliti di bidang metalurgi, dia mengaku heran mengapa pembuat kebijakan terdahulu membuat kebijakan itu.

Dia menyatkan limbah batu bara dan sawit menjadi bahaya ketika tidak digunakan atau ditumpuk dalam jumlah banyak. Padahal, dia berpendapat bahwa limbah itu bisa digunakan untuk berbagai produk, seperti batako hingga bahan jalan.

"Komposisinya sudah kami analiasa dan sebagainya tidak ada yang berbahaya. Kerugian besar jika limbah itu tidak digunakan," katanya. Direktur Eksekutif Asosiasi Perusahaan Batubara Indonesia (APBI) Hendra Sinadia mengatakan bahwa Indonesia harus meniru negara maju dalam mengelola FABA. Menurut-nya, pemerintah sudah tepat menghapus FABA dari daftar limbah berbahaya mengingat nilai ekonomi yang dimiliki.

"Ini bisa dimanfaatkan secara umum. Ini best practice banyak negara. China, Jepang, Vietnam. Sebagai bangunan semen dan jalanan. Di Jepang, bendungan fukushima itu bahan bakunya dari limbah batu bara. Jadi kenapa

nggak kita belajar dari itu," katanya.

Hendra menuturkan sejumlah perusahan batu bara, termasuk perushaan PLTU telah melaku-kan kajian pemanfaatan FABA yang menyata-kan bahwa bahan baku tersebut aman diguna-kan. Namun, dia mengayakan, pemakaian masal memang belum karena masih harus ada

(16)

Daily News Update Page 16 Executive Vice President of Corporate

Communications and CSR, Agung Murdifi stated that PLN would not dispose of coal waste and would cooperate with many parties to utilize it. He said, PLN had carried out various trials and developed the FABA from the combustion of PLTUs that could be used.

For example, making FABA for infra-structure supporting materials such as roads, conblocks, cement, and fertilizers. He said, at PLTU Tanjung Jati B which is located in Jepara Regency, Central Java, FABA waste is processed into bricks, paving and precast concrete.

"We use the processed products from FABA waste to renovate houses around PLTU Tanjung Jati B," said Agung.

Previously, FABA was categorized as Non Hazardous and Toxic Waste (B3) in accordance with Government Regulation (PP) 22/2021 concerning the Implemen-tation of Environmental Protection and Management. Based on the results of independent labora-tory tests on Toxicity Characteristic Leaching Procedure (TCLP) and Lethal Dose 50 (LD50), the samples come from several PLTUs, the FABA produced does not contain elements that are harmful to the environment.

Executive Vice President Komunikasi Korporat dan CSR, Agung Murdifi menyata-kan PLN tidak amenyata-kan membuang limbah batubara dan akan bekerja sama dengan banyak pihak untuk memanfaatkannya. Dia mengatakan, PLN telah telah melakukan berbagai uji coba dan mengembangkan FABA hasil pembakaran PLTU bisa dimanfaatkan. Misalnya, menjadikan FABA untuk bahan penunjang infrastruktur seperti jalan, conblock, semen, hingga pupuk. Dia mengatakan, di PLTU Tanjung Jati B yang berlokasi di Kabupaten Jepara, Jawa Tengah, limbah FABA diolah menjadi batako, paving dan beton pracetak.

”Hasil olahan dari limbah FABA itu kami manfaatkan untuk merenovasi rumah di sekitar PLTU Tanjung Jati B," kata Agung. Sebelumnya, FABA dikategorikan menjadi Limbah Non Bahan Berbahaya dan Beracun (B3) sesuai Peraturan Pemerintah (PP) 22 Tahun 2021 tentang Penyelenggaraan Perlin-dungan dan Pengelolaan Lingkungan Hidup. Berdasarkan hasil uji laboratorium inde-penden atas Toxicity Characteristic Leaching Procedure (TCLP) dan Lethal Dose 50 (LD50) yang sampelnya berasal dari beberapa PLTU, FABA yang dihasilkan tidak mengandung

unsur yang membahayakan lingkungan.

Freeport and Tsingshan smelters

agreement targeted to be

reached by the end of this month

T

HE DISCUSSION process between PT Freeport Indonesia (PTFI) and Tsingshan Steel to build a smelter in Weda Bay, Central Halmahera, is targeted to be achieved by the end of March.

Kesepakatan smelter Freeport

dan Tsingshan ditargetkan

tercapai akhir bulan ini

P

ROSES diskusi kerjasama antara PT Freeport Indonesia (PTFI) dan Tsingshan Steel untuk membangun smelter di Weda Bay, Halmahera Tengah, ditargetkan bisa tercapai di akhir Maret ini.

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Daily News Update Page 17 Minister of Energy and Mineral Resources

(ESDM) Arifin Tasrif said, if the terms & conditions can be agreed upon by the end of March, Tsingshan is committed to completing the smelter project by 2023. "Yes, of course, we are still in the negotiation stage while we are still holding the option to build in East Java with a commitment according to the special mining business permit (IUPK), so Freeport must complete the smelter in 2023," said Arifin in a joint working meeting with Commission VII DPR RI, Monday (22/3).

Meanwhile, MIND ID Corporate Secretary Ratih Amri confirmed that currently the discussion process is still ongoing between the two parties.

Ratih added that as the parent company of PTFI, MIND ID will support the direction from the government.

"The construction of this smelter is included in the list of MIND ID strategic projects that need to be executed immediately and are expected to be completed in December 2023. We, together with PT Freeport Indonesia, will take adjustment steps if necessary to help the project run smoothly," said Ratih to Kontan.co.id, Tuesday (23/3).

As information, the copper smelter capacity to be built in Weda Bay will have a larger copper concentrate input capacity than the planned smelter project in Gresik. The capacity to be built is 2.4 million tons at a cost of around US$ 2.5 billion.

Meanwhile, the Freeport smelter capacity in Gresik was initially planned to be 2 million tons with an investment of around US$ 3 billion. But lately, the capacity has been cut to 1.7 million tons. Meanwhile, another 300,000 tonnes was covered through the development of an existing copper smelter at PT Smelting.

Menteri Energi dan Sumber Daya Mineral (ESDM) Arifin Tasrif mengatakan, jika term

& condition dapat disepakati pada akhir

Maret ini maka Tsingshan berkomitmen merampungkan proyek smelter pada 2023 mendatang.

"Ya tentu saja saat ini masih tahap negosiasi sementara juga opsi untuk membangun di Jawa Timur tetap kita pegang dengan komitmen sesuai izin usaha pertambangan khusus (IUPK) maka Freeport harus menye-lesaikan smelter di 2023," ujar Arifin dalam rapat kerja bersama Komisi VII DPR RI, Senin (22/3).

Sementara itu, Corporate Secretary MIND ID Ratih Amri memastikan, saat ini proses diskusi masih berlangsung antara kedua belah pihak.

Ratih menambahkan, sebagai induk dari PTFI, MIND ID akan mendukung arahan dari pemerintah.

"Pembangunan smelter ini termasuk dalam daftar proyek-proyek strategis MIND ID yang perlu segera dieksekusi dan diharap-kan selesai pada Desember 2023. Kami, bersama PT Freeport Indonesia, akan melakukan langkah-langkah penyesuaian jika diperlukan untuk dapat membantu kelancaran proyek tersebut," tegas Ratih kepada Kontan.co.id, Selasa (23/3).

Sekedar informasi, kapasitas smelter tembaga yang akan dibangun di Weda Bay nantinya memiliki kapasitas input konsentrat tembaga yang lebih besar dibandingkan rencana proyek smelter di Gresik. Kapasitas yang akan di-bangun sebanyak 2,4 juta ton dengan biaya sekitar US$ 2,5 miliar.

Sedangkan untuk kapasitas smelter Freeport di Gresik awalnya direncanakan sebesar 2 juta ton dengan investasi sekitar US$ 3 miliar. Namun belakangan, kapasitasnya dipangkas menjadi 1,7 juta ton. Sedangkan 300.000 ton lainnya ditutupi melalui pengembangan smelter tembaga eksisting di PT Smelting.

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ESDM Minister Relaxes Export

Permits for 6 Mineral

Concentrates, How Are Smelters?

T

HE MINISTER of Energy and Mineral Resources, Arifin Tasrif, provided relaxation in providing recommendations for certain mineral export approvals for Metal Mineral Production Operation IUP and IUPK holders who are currently constructing domestic refining facilities. Mineral commodities that are provided with relaxation are concentrates of copper, iron, lead, zinc, manganese and washed bauxite.

This policy is outlined in the Minister of ESDM Decree No. 46.K/MB.04/MEM.B/ 2021 regarding the Recommendation of Foreign Sales of Metal Minerals during the Covid-19 Pandemic which was set on March 12, 2021.

Based on the Ministerial Decree, holders of Mining Business Permits (IUP) and Special Mining Business Permits (IUPK) for Metal Mineral Production Operations can be given an export approval recommendation even though the physical progress of the smelter construction has not reached a minimum of 90 percent in the two evaluation periods since Covid-19 was declared a non-natural disaster. national. However, administrative fines of the cumulative value of sales abroad during the evaluation period are still imposed on IUP and IUPK holders whose smelter construction does not meet the target. The relaxation was given as a form of government support for the mining sector which was affected by the Covid-19 pandemic.

Menteri ESDM Relaksasi Izin

Ekspor 6 Mineral Konsentrat,

Apa Kabar Smelter?

M

ENTERI Energi dan Sumber Daya Mineral Arifin Tasrif memberikan relaksasi pem-berian rekomendasi persetujuan ekspor mineral tertentu bagi pemegang IUP dan IUPK Operasi Produksi Mineral Logam yang sedang melakukan pembangunan fasilitas pemurnian di dalam negeri.

Komoditas mineral yang diberikan relaksasi adalah konsentrat tembaga, besi, timbal, seng, mangan, dan washed bauxite.

Kebijakan tersebut dituangkan dalam Keputusan Menteri ESDM No. 46.K/MB.04/ MEM.B/2021 terkait Pemberian Rekomen-dasi Penjualan ke Luar Negeri Mineral Logam pada Masa Pandemi Covid-19 yang ditetapkan pada 12 Maret 2021.

Berdasarkan Kepmen tersebut, pemegang Izin Usaha Pertambangan (IUP) dan Izin Usaha Pertambangan Khusus (IUPK) Operasi Produksi Mineral Logam dapat diberikan rekomendasi persetujuan ekspor meskipun kemajuan fisik pembangunan smelternya tidak mencapai minimal 90 persen pada dua periode evaluasi sejak ditetapkannya Covid-19 sebagai bencana nonalam nasional.

Namun demikian, sanksi denda administratif dari nilai kumulatif penjualan ke luar negeri pada periode evaluasi tetap dikenakan bagi pemegang IUP dan IUPK yang pembangunan smelternya tidak memenuhi target.

Relaksasi tersebut diberikan sebagai bentuk dukungan pemerintah terhadap sektor pertambangan yang terdampak pandemi Covid-19.

(19)

Daily News Update Page 19 In a working meeting with Commission VII

DPR RI, Monday (22/3/2021), Arifin emphasized that the relaxation of the export approval recommendation does not include nickel ore exports.

"We gave the export permit because the copper commodity in the market actually increased quite sharply, an opportunity. So we gave this relaxation and relaxation not only for copper concentrate, but also for other mineral commodities, except for nickel ore exports," said Arifin. Editor: Amanda Kusumawardhani

Dalam rapat kerja dengan Komisi VII DPR RI, Senin (22/3/2021), Arifin menegaskan bahwa pemberian relaksasi rekomendasi persetujuan ekspor tersebut tidak ter-masuk untuk ekspor bijih nikel.

"Izin ekspor kami berikan karena komiditi tembaga di pasar ternyata meningkat cukup tajam, suatu opportunity. Jadi kami beri relaksasi dan relaksasi ini juga diberikan tidak hanya untuk konsentrat tembaga, tetapi juga untuk komoditas mineral lainnya, kecuali ekspor bijih nikel," kata Arifin. Editor : Amanda Kusumawardhani

Once Raced, Coal Finally

Collapsed and Hit Profit Taking

Putra, CNBC Indonesia

T

HE ICE Newcastle thermal coal price collapsed after flying to reach its highest level in two years. The contract price of the black stone, which was busy being traded on the futures exchange, was corrected by 3.86% and closed at US$ 94.6/ton.

The contract price of diamonds was hit by profit taking after previously racing from the level of US$ 80.5/ton to US$ 98.4/ton or an increase of 22.2% in 10 trading days. Although it has not been able to penetrate the sacred level of US$ 100/ton, this level is the highest price for coal in the last two years. Finally, the price of coal touched this level on March 8, 2019.

Previously, the increase in coal prices followed the increase in China's domestic coal prices. In China's domestic coal market, the spot price of Qinhuangdao 5500kcal FOB NAR increased for two consecutive weeks last week.

Sempat Melesat, Batubara

Akhirnya Ambruk Kena Profit

Taking

Putra, CNBC Indonesia

H

ARGA batu bara termal ICE Newcastle ambruk setelah terbang menyentuh level tertingginya dalam dua tahun terakhir. Harga kontrak si batu hitam yang ramai ditransaksi-kan di bursa berjangka tersebut terkoreksi 3,86% dan ditutup di angka US$ 94,6/ton. Harga kontrak batu legam terkena aksi ambil untung setelah sebelumnya melesat kencang dari level US$ 80,5/ton ke level US$ 98,4/ton atau kenaikan sebesar 22,2% dalam kurun waktu 10 hari perdagangan.

Meski belum mampu menembus level keramat US$ 100/ton, level ini merupakan harga tertinggi batu bara dalam kurun waktu dua tahun terakhir. Terakhir harga batu bara menyentuh level tersebut pada 8 Maret 2019. Sebelumnya, Kenaikan harga batu bara meng-ekor naiknya harga batu bara domestik China. Di pasar batu bara domestik Cina, harga spot Qinhuangdao 5500kcal FOB NAR naik untuk dua minggu berturut-turut minggu lalu.

(20)

Daily News Update Page 20 The reference spot price for coal with

5,500 kcal calories rose 4.9% to RMB 638/ton. The appreciation kept China's domestic coal prices above the so-called 'green zone' ceiling of RMB 500 - RMB 570 per tonne.

Green zones are informal price target ranges set by the authorities aimed at ensuring the profitability of marginal domestic coal producers as well as electricity producers.

Chinese authorities have been pushing for increased domestic supplies to bring down skyrocketing prices, while easing import controls (with the exception of Australia's coal import ban) have also been approved since mid-December.

Australia's relationship with China has yet to find a resolution. According to the latest news, Australian Prime Minister Scott Morrison said each would only result in harm for both parties.

The relationship between Kangaroo and Panda Country, which is not getting along well, will actually be beneficial for coal miners and exporters from Indonesia, considering that China is Indonesia's main trading partner.

In February, exports of mineral fuels, including coal, fell by 11% (mom) in volume compared to the previous month. The Central Statistics Agency (BPS) recorded February exports at 34.2 million tons, while in the previous month exports reached 38.5 million tons.

However, due to the increase in coal prices, the decrease in volume was offset by the increase in the total value of its exports. Based on BPS data, the total exports of Indonesian mineral fuels last month reached US$ 1.97 billion, an increase of 4.92% from the previous month which was only US$ 1.88

billion. CNBC INDONESIA RESEARCH TEAM

(trp/trp)

Harga acuan spot batu bara dengan kalori 5.500 kcal naik 4,9% menjadi RMB 638/ton. Apresiasi tersebut membuat harga batu bara domestik China tetap di atas batas atas yang disebut 'zona hijau' sebesar RMB 500 - RMB 570 per ton.

Zona hijau adalah rentang sasaran harga informal yang ditetapkan oleh pihak ber-wenang yang bertujuan untuk memastikan profitabilitas produsen batu bara domestik marjinal serta produsen listrik.

Otoritas China telah mendorong peningkatan pasokan domestik untuk menurunkan harga yang melesat tajam, sementara pelonggaran kontrol impor (dengan pengecualian larangan impor batu bara Australia) juga telah disetujui sejak pertengahan Desember. Hubungan Australia dengan China memang belum menemukan resolusi. Menurut kabar terbaru, Perdana Menteri Australia Scott Morrison berkata setiap hanya akan meng-akibatkan kerugian bagi kedua belah pihak. Hubungan Negeri Kanguru dan Negeri Panda yang belum akur sebenarnya akan meng-untungkan untuk para penambang dan eksportir batu bara asal Indonesia mengingat China adalah mitra dagang utama RI.

Ekspor bahan bakar mineral termasuk batu bara Indonesia bulan Februari secara volume turun 11% (mom) dibanding bulan sebelum-nya. Badan Pusat Statistik (BPS) mencatat ekspor Februari sebesar 34,2 juta ton semen-tara di bulan sebelumnya ekspor mencapai 38,5 juta ton.

Namun akibat adanya kenaikan harga batu bara, penurunan volume diimbangi dengan kenaikan total nilai ekspornya. Berdasarkan data BPS, total ekspor bahan bakar mineral RI bulan lalu mencapai US$ 1,97 miliar atau naik 4,92% dari bulan sebelumnya yang hanya US$ 1,88 miliar. TIM RISET CNBC INDONESIA (trp/trp)

(21)

Indonesia eases mining export rules, nickel excluded

Reuters

I

NDONESIA will now grant miners export permit for unrefined mineral ores, even if construction of their refining facilities is delayed, a move aimed at lessening the blow to the industry from the coronavirus, according to a document seen by Reuters.

Indonesia announced last year it would ban exports of unprocessed ore by 2023 to spur higher value smelting industries in the country, and that only miners with refining facilities that were meeting their construction schedules would be eligible for export permits.

The new regulation exempts nickel ore exports, which were banned last year to encourage foreign firms to help Indonesia’s bid to build a full supply nickel supply chain, from extraction to production of electric vehicles.

Indonesia considers projects to be on schedule if they have reached 90% of the construction target specified for a particular time.

Now, mining companies building smelters short of targets will be eligible for permits, according to the document, which was signed by an energy ministry official on March 12. “Holders of Metal Mineral Production Operation Mining Business Permits (IUP) and Metal Mineral Production Operations Special Mining Business Permits (IUPK) with refining facilities that do not meet the construction requirement of at least 90%… can be given a recommendation for export approval,” the ministry said in the document.

The ministry added, however, that there would be a 20% of export value “administrative fine” for miners receiving export permits having not met their construction schedules.

“This export incentive does not eliminate the company’s obligation to continue building smelters in the country,” the ministry said. (By Bernadette Christina Munthe and Fathin Ungku; Editing by Martin Petty)

Australian copper production declines in 2020

Nickolas Zakharia

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HE INTERNATIONAL Copper Study Group (ICSG) has found that global copper mine production remained stable in 2020 despite production declines in Australia.

The world’s copper mine production was most heavily impacted in April-May last year due to temporary mine shutdowns in the wake of COVID-19.

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Daily News Update Page 22 However, the ICSG found global mine production recovered as early as June 2020 as the industry adapted to health protocols, moving away from lockdowns.

Last year, world copper production grew by around 1.5 per cent in 2020, while primary production was up by 2.8 per cent. The preliminary data did not include specific production numbers for Australia.

The ICSG described the results as “essentially unchanged”, with additional output from new projects in Panama and the Democratic Republic of the Congo (DRC) leveraging the pandemic’s impact on copper production.

“COVID-19 related constraints and other operational issues also resulted in declines in production in other major copper mine producing countries, most notably Australia, Mexico and the United States,” the ICSG stated.

Meanwhile, Chile’s full-year output declined by 1 per cent, while Indonesia’s production also increased by 39 per cent in 2020 due to a transition of ore zones at its two major copper mines.

Preliminary data from the ICSG suggests the world’s refined copper balance for 2020 had a deficit of 560,000 tonnes due to strong Chinese demand.

Outside of China, copper usage is estimated to have declined by around 10 per cent, while China enjoyed a 38 per cent (1.2 million tonnes) boost to its copper imports.

According to the Australian Bureau of Statistics, Australia’s copper exports grew from $10.2 billion in 2019 to $10.4 billion in 2020.

The resources sector added $116 billion in exports revenue to Australia’s economy last year, up from $96 billion in 2019.

Copper has entered 2021 with a strong streak of higher prices, with its London Metal Exchange (LME) prices peaking at $US9615.50 ($12,630) per tonne on February 25.

February 2021 was the first time copper had risen above $US9000 since 2011, in the same year copper achieved a record $US10,190 price per tonne.

Floods in eastern Australia hit coal mining operations, supply chains

Author: Nathan Richardson and Eric Yep, Editor: Kshitiz Goliya

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LOODS in eastern Australia, affecting the states of New South Wales and Queensland, have impacted operations at coal mines in the region, stalled railway transportation, affected port schedules and disrupted supply chains in general, mainly for thermal coal exports.

With weather conditions getting worse, companies and government officials were still assessing the impact, but market participants expect more rail and port infrastructure to be affected in coming days.

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Daily News Update Page 23 Miner Glencore said in a statement March 23 about its coal operations that it had taken "precautionary measures, including the decision to operate at reduced capacity at some sites" and that train movements to the Port of Newcastle had been delayed due to flooding on some parts of the track.

'We continue to monitor the current weather events across NSW and have robust infrastructure installed at each of our sites to minimize impacts," Glencore said, adding that it was business as usual at its Queensland coal operations.

Glencore is one of Australia's largest coal producers with a mixture of open cut and underground coal mines across New South Wales and Queensland.

Another major coal producer Yancoal Australia Ltd said March 23 that heavy rainfall since March 19 had caused the suspension of production at two of Yancoal's open-cut mines in the Hunter Valley region, mainly the Mount Thorley Warkworth as well as the Stratford and Duralie mines.

"There have also been interruptions to rail transportation and port operations. Given the rain event is anticipated to continue over the coming days, it is too early to provide an accurate indication of the extent of these production interruptions," Yancoal said in a statement.

However, Yancoal said its mines in regions outside the Hunter Valley, such as Moolarben in the Central West of NSW and Queensland operations, have not been impacted by the rains. Ports and Railways

Rail and port infrastructure have also been disrupted.

The Australian Rail Track Corp temporarily ceased operations through the Hunter Valley network between Newcastle and Maitland and the Interstate Network between Telarah and Grafton due to localized flooding, it said in a statement.

"This was done as a precautionary measure, following extreme weather conditions across the region," it said, adding that "high rainfall, potential for more severe flooding beyond the current impacts to the network, strong winds, fallen trees and debris, power failures and fallen power lines and power poles are all concerns which led to operations being halted." "When it is safe to do so, we will begin the process of reopening the tracks by undertaking a full assessment of rail operations however this will not be until conditions are safe and water levels recede," ARTC said, adding that it would provide further updates as the situation progresses."

Australian rail freight operator Aurizon said there was no impact on its operations in Queensland.

The Port of Newcastle said it was monitoring conditions and scheduling vessels in close communication with Port Authority of NSW, and that each vessel is assessed on a case-by-case basis for its suitability at the time of each scheduled movement.

"The shipping schedule is adapted relative to the weather conditions and safety assessments. This type of temporary weather event does not typically have any lasting impact. The port continues to operate and is monitoring conditions closely," it said in a statement March 23.

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