TABLE OF CONTENTS. No. Title Media Source Page

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Daily News Update Page 1

Copper, nickel price: 3 charts that bolster the bear case Australia delivers record gold output amid COVID-19 Combination with Freeport had a lot of logic – Barrick CEO China chips away at coal addiction to chase climate goals Kamoa-Kakula sets new production record, mines 339,000 tonnes of ore grading 5.50% copper in February

Kontan Liputan6 Neraca CNBC Indonesia Kontan CNBC Indonesia Bisnis Mining.com Australian Mining Mining.com Mining Weekly Kitco News 3 6 8 9 13 15 18 19 19 21 21 22

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13. 14.

Coal India's production and offtake remained subdued in February

Ukrainian miners produced 2.56M tonnes of coal in February

Business Standard Ukrinform

23 23

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Coal Downstream Incentive

Predicted To Be Realized in

Semester II-2021

Reporter: Intan Nirmala Sari | Editor: Herlina Kartika Dewi

S

TILL in the discussion stage, the incentive for the coal downstream project is predicted to be implemented in the second semester of 2021. In addition, coal downstreaming is also expected to be able to save the country's foreign exchange reserves (cadev) for LPG import needs. "The ground breaking is likely in Semester II-2021, for coal the focus may be (incentives) related to DME and methanol," said Septian Maritime and Investment Coordinating Ministry for Investment and Mining Coordination Deputy Hario Seto, Monday (1/3).

Septian explained, in general there are two downstream strategies, namely to increase exports and then for import substitution. Regarding increasing exports, incentives will be made in the form of a royalty of 0%. The ministry is also preparing incentives related to special coal prices for down-streaming and a subsidy scheme for Dimethyl Ether (DME) products that will be used to substitute LPG.

"If normally coal is burned into electricity, we are looking at the downstreaming of coal to make it DME which is a substitute for LPG. In addition, it can be used as methanol which is commonly used for biodiesel," he said.

Through coal downstream efforts, the balanced of payment side of import activities will benefit more, or be able to save cadev. Meanwhile,...

Insentif hilirisasi batubara

diprediksi terealisasi semester

II-2021

Reporter: Intan Nirmala Sari | Editor: Herlina Kartika Dewi

M

ASIH dalam tahap pembahasan, insentif

bagi proyek hilirisasi batubara diprediksi baru akan diimplementasikan pada semester II-2021. Selain itu, hilirisasi batubara juga diharapkan mampu menghemat cadangan devisa (cadev) negara untuk kebutuhan impor LPG.

"Ground breakingnya kemungkinan di Semester II-2021, untuk batubara fokusnya kemungkinan (insentif) terkait DME dan methanol," kata Deputi Bidang Koordinasi Investasi dan Pertambangan Kemenko Maritim dan Investasi Septian Hario Seto, Senin (1/3).

Septian menjelaskan, secara umum terdapat dua strategi hilirisasi yakni utk meningkatkan ekspor dan selanjutnya untuk substitusi impor. Terkait meningkatkan ekspor, insentif akan dilakukan dalam bentuk pemberian royalti 0%. Kementerian juga tengah menyiapkan insentif terkait harga khusus batubara untuk hilirisasi dan skema subsidi bagi produk Dimethyl Ether (DME) yang akan dipakai untuk substitusi LPG.

"Kalau normalnya batubara dibakar men-jadi listrik, kami melihat hilirisasi batubara untuk menjadikannya DME yang merupakan subs-titusi LPG. Selain itu untuk dijadikan methanol yang biasa digunakan untuk biodiesel," paparnya.

Melalui upaya hilirisasi batubara, sisi

balanced of payment pada aktivitas impor akan lebih diuntungkan, atau mampu meng-hemat cadev. Sementara itu,...

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Meanwhile, coal gasification (coal to DME) will be supported by projects that are being worked on by PT Bukit Asam Tbk (PTBA), PT Pertamina (Persero) and Air Products.

Septian explained that one of the investment plans being evaluated is the PTBA project, where the investment value for the DME is around 1.4 million tons. Equivalently, the coal issuer will produce LPG 800,000 tonnes-900,000 tonnes. Meanwhile, referring to Pertamina's 2021 Corporate Budget Work Plan (RKAP), the estimated LPG import price is at the level of US$ 411 per MT. So, based on Kontan's calculations, the foreign exchange savings that can be obtained from the down-streaming of coal to DME into PTBA's LPG are around US$ 328.8 million to US$ 369.9 million.

In the future, Septian revealed that the DME offtaker coal downstream is likely to be sold to Pertamina. Meanwhile, methanol allows it to be sold to Pertamina or other biodiesel producers.

"For DME, the possibility is almost 100 percent going to Pertamina, while for methanol it can go to Pertamina or other producers because the market is some-what more open," he said.

The Director of Coal Development and Business of the Ministry of ESDM, Sujatmiko explained that the provision of incentives in the form of a royalty of 0% for activities to increase the added value of coal has been regulated in Law No. 11 of 2020 and PP No. 75 of 2021.

"Currently, the Ministry of ESDM, together with other relevant agencies, is preparing a Draft Regulation of the Minister of ESDM which regulates the amount, requirements and procedures for the imposition of a royalty of 0% as mandated in PP 75/2021," said Sujatmiko.

Sementara itu, gasifikasi batubara (coal to DME) itu akan ditopang oleh proyek yang sedang digarap PT Bukit Asam Tbk (PTBA), PT Pertamina (Persero) dan Air Product. Septian menjabarkan, salah satu rencana investasi yang sedang dievaluasi yakni proyek PTBA, dimana nilai investasi untuk DME-nya sekitar 1,4 juta ton. Secara ekuivalen, emiten batubara tersebut akan memproduksi LPG 800.000 ton-900.000 ton.

Sementara itu, jika mengacu pada Rencana Kerja Anggaran Perusahaan (RKAP) Pertamina 2021, perkiraan harga impor LPG berada di level US$ 411 per MT. Maka, berdasarkan perhitungan Kontan, peng-hematan devisa yang bisa diperoleh dari hilirisasi batubara ke DME menjadi LPG milik PTBA sekitar US$ 328,8 juta hingga US$ 369,9 juta.

Ke depan, Septian mengungkapkan untuk hilirisasi batubara DME offtaker kemung-kinan akan dijual ke Pertamina. Sedangkan untuk methanol memungkinkan untuk di jual ke Pertamina ataupun produsen biodiesel lainnya.

"Untuk DME kemungkinan hampir 100% ke Pertamina, sedangkan untuk methanol bisa ke Pertamina atau produsen lainnya karena marketnya agak lebih terbuka," ujarnya. Direktur Pembinaan dan Pengusahaan Batubara Kementerian ESDM, Sujatmiko menjelaskan pemberian insentif berupa royalti sebesar 0% untuk kegiatan pening-katan nilai tambah batubara telah diatur dalam UU No. 11 Tahun 2020 dan PP No. 75 Tahun 2021.

"Saat ini Kementerian ESDM bersama instansi terkait lainnya sedang menyusun Rancangan Peraturan Menteri ESDM yang mengatur besaran, persyaratan, dan tata cara pengenaan royalti sebesar 0% sebagaimana diamanatkan dalam PP 75 Tahun 2021," kata Sujatmiko.

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In addition, the Ministry of ESDM is also preparing a Draft Decree of the Minister of ESDM related to special prices for coal for value added activities. Later, the deter-mination of the special price will consider the cost of producing coal in the context of mining economics and the production costs of DME/methanol/syngas/SNG in the framework of the feasibil ity of the gasification project.

Executive Director of the Indonesian Coal Mining Association (APBI) Hendra Sinadia emphasized that the coal downstream project is very dependent on the economy. Where, so far the government has issued several non-fiscal and fiscal incentives. The non-fiscal incentives that have been issued include the guarantee of the extension of PKP2B to IUPK which is regulated in Law no. 3/2020. As for fiscal incentives, the government provides a special royalty rate of 0% for coal down-streaming which is regulated in Law No. 11/2020 concerning Job Creation which has been regulated in PP 25/2021.

"One of the important factors that can affect the economy is the determination of the royalty rate for IUPK (ex-PKP2B) holders. Currently we also don't know what the RPP status is like," said Hendra. Previously, Hendra said that subsidies for coal to DME development were also deemed necessary. Given, the use of DME can provide benefits for the government in the form of reduced subsidies compared to subsidies for LPG. In principle, he explained the need for the subsidy due to long-term downstream investment (gasifi-cation or coal to methanol).

"We are waiting for the realization of incentive support that will be provided by the government," he explained.

Selain itu, Kementerian ESDM juga tengah menyusun Rancangan Kepmen ESDM terkait harga khusus batubara untuk kegiatan Peningkatan Nilai Tambah. Nantinya, penentuan harga khusus akan mempertimbangkan biaya produksi batu-bara dalam rangka keekonomian tambang dan biaya produksi DME/methanol/ syngas/SNG dalam rangka kelayakan proyek gasifikasi.

Direktur Eksekutif Asosiasi Pertambangan Batubara Indonesia (APBI) Hendra Sinadia menekankan proyek hilirisasi batubara sangat tergantung dengan keekonomian. Dimana, sejauh ini pemerintah sudah menerbitkan beberapa insentif non-fiskal dan fiskal.

Insentif non-fiskal yang telah dikeluarkan antara lain, jaminan perpanjangan PKP2B menjadi IUPK yang diatur di dalam UU No. 3/2020. Sedangkan untuk insentif fiskal, pemerintah memberikan tarif royalti khusus 0% utk hilirisasi batubara yang diatur di dalam UU No.11/2020 tentang Cipta Kerja yang sudah diatur di dalam PP 25/2021.

"Salah satu faktor penting yang dapat mem-pengaruhi keekonomian adalah penetapan tarif royalti bagi pemegang IUPK (eks-PKP2B). Saat ini kami juga belum tahu status RPP-nya seperti apa," ungkap Hendra. Sebelumnya, Hendra menyampaikan pem-berian subsidi untuk pengembangan coal to DME juga dinilai perlu. Mengingat, pemanfaatan DME bisa memberi keun-tungan bagi pemerintah berupa penurunan subsidi dibandingkan dengan subsidi untuk LPG. Secara prinsip, dia menjelaskan perlunya subsidi tersebut karena investasi hilirisasi (gasifikasi atau coal to methanol) yang bersifat jangka panjang.

"Kami menunggu realisasi dukungan insentif yang akan diberikan pemerintah," jelasnya.

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Breakdown of Mining

Commodity Export Benchmark

Prices in March 2021

U

NTIL the end of February 2021, the

prices of several mining product commodities showed a positive trend that continued amid the Covid-19 pandemic. This is indicated by indications of a significant increase in the prices of several mining product commodities due to increased demand on world markets. This condition affects the export bench-mark price (HPE) of mining products subject to Export Duty (BK) for the period March 2021. This provision is stipulated in the Regulation of the Minister of Trade Number 09 of 2021, February 25, 2021. “HPE for mining products for the period March 2021 has fluctuated. For example, leached copper concentrate, manganese concentrate, lead concentrate, ilmenite concentrate, rutile concentrate, and bauxite have increased compared to the previous month. Among other things, iron sand concentrate pellets have not changed," said Director General of Foreign Trade Didi Sumedi in a written statement in Jakarta, Monday (1/3/2021).

A number of mining products subject to BK are copper concentrate, iron concentrate, laterite iron concentrate, iron sand concentrate, iron sand concentrate pellet, manganese concentrate, lead concentrate, zinc concentrate, ilmenite concentrate, rutile concentrate, and washed bauxite. For information, the HPE base price calculations for commodity iron concen-trate, iron concenconcen-trate, iron sand concentrate, manganese concentrate,...

Rincian Harga Patokan Ekspor

Komoditas Pertambangan di

Maret 2021

H

INGGA akhir Februari 2021, harga

beberapa komoditas produk pertambangan menunjukkan tren yang positif yang terus berlanjut di tengah pandemi Covid-19. Hal ini ditunjukkan dengan indikasi kenaikan harga beberapa komoditas produk pertam-bangan yang cukup signifikan yang disebab-kan meningkatnya permintaan di pasar dunia. Kondisi ini memengaruhi harga penetapan Harga Patokan Ekspor (HPE) produk pertam-bangan yang dikenakan Bea Keluar (BK) untuk periode Maret 2021. Ketentuan ini di-tetapkan dalam Peraturan Menteri Perda-gangan Nomor 09 Tahun 2021, tanggal 25 Februari 2021.

“HPE produk pertambangan periode Maret 2021 mengalami fluktuasi. Komoditas konsen-trat tembaga, konsenkonsen-trat mangan, konsenkonsen-trat timbal, konsentrat ilmenite, konsetrat rutil, dan bauksit yang telah dilakukan pencucian, misalnya, mengalami kenaikan dibandingkan periode bulan lalu. Hal tersebut antara lain untuk pellet konsentrat pasir besi tidak meng-alami perubahan,” kata Dirjen Perdagangan Luar Negeri Didi Sumedi dalam keterangan tertulis di Jakarta, Senin (1/3/2021).

Sejumlah produk pertambangan yang di-kenakan BK adalah konsentrat tembaga, konsentrat besi, konsentrat besi laterit, konsentrat pasir besi, pellet konsentrat pasir besi, konsentrat mangan, konsentrat timbal, konsentrat seng, konsentrat ilmenit, konsentrat rutil, dan bauksit yang telah dilakukan pencucian.

Sebagai informasi, perhitungan harga dasar HPE untuk komoditas konsentrat besi, konsentrat besilaterit, konsentrat pasir besi, konsentrat mangan,...

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manganese concentrate, ilmenite concen-trate and rutile concenconcen-trate are sourced from Asian Metal and Iron Ore Fine Australian. Meanwhile, copper concentrate, iron sand concentrate pellets, lead concen-trate, zinc concenconcen-trate, and bauxite are sourced from the London Metal Exchange (LME).

Compared to the previous period, mining products that experienced an average price increase in March 2021 were copper concentrate (Cu ≥ 15 percent) with an average price of USD 3,115.13/WE or an increase of 0.28 percent; manganese concentrate (Mn ≥ 49 percent) with an average price of USD 208.26/WE or an increase of 0.12 percent; lead concentrate (Pb ≥ 56 percent) with an average price of USD 845.37/WE or an increase of 3.32 percent.

Then, ilmenite concentrate (TiO2 ≥ 45 percent) with an average price of USD 366.84/WE or an increase of 8.21 percent; rutile concentrate (TiO2 ≥ 90 percent) with an average price of USD 1,049.01/WE or an increase of 13.22 percent; and washed bauxite (Al2O3 ≥ 42 percent) with an average price of USD 27.40/WE or an increase of 1.17 percent.

Meanwhile, the products that experienced a price decline compared to the previous HPE were iron concentrates (hematite, magnetite) (Fe ≥ 62 percent and ≤ 1 percent TiO2) with an average price of USD 144.22/WE or a decrease of 2.58 percent; laterite iron concentrates (gutite, hematite, magnetite) with levels (Fe ≥ 50 percent and (Al2O3 + SiO2) ≥ 10 percent) with an average price of USD 73.70/WE or a decrease of 2.58 percent zinc concentrate (Zn ≥ 51 percent) with an average price of USD 728.74/WE or down 2.95 percent; and iron sand concentrate (lamella magnetite-ilmenite) (Fe ≥ 56 percent) with an average price of USD 86.11/WE or a decrease of 2.58 percent.

konsentrat mangan, konsentrat ilmenit, dan konsentrat rutil bersumber dari Asian Metal dan Iron Ore Fine Australian. Sedangkan konsentrat tembaga, pellet konsentrat pasir besi, konsentrat timbal, konsentrat seng, dan bauksit bersumber dari LondonMetal Exchange (LME).

Dibandingkan periode sebelumnya, produk pertambangan yang mengalami kenaikan harga rata-rata pada Maret 2021 adalah konsentrat tembaga (Cu ≥ 15 persen) dengan harga rata-rata sebesar USD 3.115,13/WE atau naik 0,28 persen; konsentrat mangan (Mn ≥ 49 persen) dengan harga rata-rata USD 208,26/WE atau naik 0,12 persen; konsentrat timbal (Pb ≥ 56 persen) dengan harga rata-rata USD 845,37/WE atau naik 3,32 persen. Kemudian, konsentrat ilmenit (TiO2 ≥ 45 persen) dengan harga rata-rata USD 366,84/WE atau naik sebesar 8,21 persen; konsentrat rutil (TiO2 ≥ 90 persen) dengan harga rata-rata USD 1.049,01/WE atau naik sebesar 13,22 persen; dan bauksit yang telah dilakukan pencucian (washed bauxite) (Al2O3 ≥ 42 persen) dengan harga rata-rata USD 27,40/WE atau naik 1,17 persen.

Sedangkan produk yang mengalami penurunan harga dibandingkan HPE periode sebelumnyaadalah konsentrat besi (hematit, magnetit) (Fe ≥ 62 persen dan ≤ 1 persen TiO2) dengan harga rata-rata USD 144,22/WE atau turun 2,58 persen; konsentrat besi laterit (gutit, hematit, magnetit) dengan kadar (Fe ≥ 50 persen dan (Al2O3 + SiO2) ≥ 10 persen) dengan harga rata-rata USD 73,70/WE atau turun 2,58 persen konsentrat seng (Zn ≥ 51 persen) dengan harga rata-rata USD 728,74/WE atau turun 2,95 persen; dan konsentrat pasir besi (lamela magnetit-ilmenit) (Fe ≥ 56 persen) dengan harga rata-rata USD 86,11/WEatau turun 2,58 persen.

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Meanwhile, iron sand concentrate pellets (lamella magnetite-ilmenite) (Fe ≥ 54) with an average price of USD 117.98/WE did not change.

According to Didi, the HPE for the March 2021 period was determined after paying attention to various written inputs and coordination from various related agencies. Regulation of the Minister of Trade Number 09 of 2021 concerning Stipulation of Standard Export Prices for Mining Products Subject to Export Duty itself can be down-loaded via http://jdih.kemendag.go.id/ peraturan/detail/2089/2.

Sementara itu, pellet konsentrat pasir besi (lamela magnetit-ilmenit) (Fe ≥ 54) dengan harga rata-rata USD 117,98/WE tidak mengalami perubahan.

Menurut Didi, HPE periode Maret 2021 ini ditetapkan setelah memperhatikan ber-bagai masukan tertulis dan koordinasi dari berbagai instansi terkait.

Peraturan Menteri Perdagangan No. 09 Th. 2021 tentang Penetapan Harga Patokan Ekspor Atas Produk Pertambangan Yang Dikenakan Bea Keluar sendiri dapat di-unduh melalui http://jdih.kemendag.go.id/ peraturan/detail/2089/2.

Vale Indonesia's Net Profit

Grows 43.85%

By: Ahmad Nabhani

T

HROUGHOUT 2020, PT Vale Indonesia

Tbk (INCO) recorded a net profit of US$ 82.81 million, an increase of 43.85% compared to the end of 2019 which was recorded at US$ 57.4 million. So that earnings per share will increase to US$ 0.0083, compared to the end of 2019 which was recorded at US$ 0.0058.

President Director of INCO, Nico Kanter, in his press release in Jakarta, yesterday expressed his pride and gratitude for this achievement. "This is clearly the result of the hard work of all employees in the Company," he said.

Meanwhile, the company's sales were recorded at US$ 764.7 million in 2020, down 2% compared to sales in 2019 which was recorded at US$ 782 million. This was due to lower average realized prices. The average realized price for nickel matte shipments in 2020 is...

Laba Bersih Vale Indonesia

Tumbuh 43,85%

Oleh: Ahmad Nabhani

S

EPANJANG tahun 2020 kemarin, PT Vale

Indonesia Tbk (INCO) mencatatkan laba bersih sebesar US$ 82,81 juta atau naik 43,85% dibanding akhir tahun 2019 yang tercatat sebesar US$ 57,4 juta. Sehingga laba per saham naik menjadi US$ 0,0083, dibanding akhir tahun 2019 yang tercatat sebesar US$ 0,0058.

Direktur Utama INCO, Nico Kanter dalam siaran persnya di Jakarta, kemarin menyam-paikan kebanggaanya sekaligus berterima kasih atas pencapaian ini. ”Ini jelas merupa-kan hasil kerja keras semua karyawan di Perusahaan,” ujarnya.

Sementara penjualan perseroan tercatat US$764,7 juta di tahun 2020, turun 2% dibandingkan penjualan di tahun 2019 yang tercatat sebesar US$ 782 juta. Hal itu di-sebabkan oleh harga realisasi rata-rata yang lebih rendah. Harga realisasi rata-rata pengi-riman nikel matte di tahun 2020 sebesar...

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The average realized price for nickel matte shipments in 2020 is US$ 10,498 per ton, down from the 2019 level of US$ 10,855 per ton.

Then the group's cost of revenue for the year was recorded at US$ 640.4 million, down 4% from the previous US$ 664.3 million in 2019. The main cause of the decrease in cost of revenue was lower fuel and coal prices.

On the other hand, Perseron produced 72,237 metric tons of nickel in matte in 2020, 2% higher than production in 2019. In 2020, consumption of HSFO and diesel decreased by 8% and 12%, respectively, while coal consumption increased. by 15% when compared to 2019.

The increase in coal consumption was offset by a decrease in the consumption of HSFO and diesel. The prices for HSFO, diesel and coal decreased by 36%, 31% and 17%, respectively.

Harga realisasi rata-rata pengiriman nikel matte di tahun 2020 sebesar US$ 10.498 per ton, turun dari level tahun 2019 sebesar US$ 10.855 per ton.

Kemudian beban pokok pendapatan grup di tahun 2020 tercatat sebesar US$ 640,4 juta atau turun 4% dari sebelumnya US$ 664,3 juta di tahun 2019. Penyebab utama turunnya beban pokok pendapatan adalah harga bahan bakar dan batu bara yang lebih rendah.

Pada sisi lain, perseron memproduksi 72.237 metrik ton nikel dalam matte di tahun 2020, 2% lebih tinggi dibandingkan produksi tahun 2019. Pada tahun 2020, konsumsi HSFO dan diesel mengalami penurunan masing-masing sebesar 8% dan 12%, sementara konsumsi batu bara naik sebesar 15% bila dibanding-kan dengan tahun 2019.

Kenaikan konsumsi batu bara ini diimbangi dengan penurunan konsumsi HSFO dan diesel. Harga HSFO, diesel dan batubara mengalami penurunan masing-masing sebesar 36%, 31% dan 17%.

Celebrate 40th Anniversary,

These Are A Series of

Achieve-ments & Contributions of PTBA

P

T BUKIT Asam Tbk (PTBA) celebrates its

40th anniversary on Tuesday, March 2, 2021. For almost half a century of operation, PTBA as a domestic coal mining company continues to serve and contribute optimally to boost Indonesia's economic growth and also maintain energy security. this country.

Rayakan HUT ke-40, Ini Sederet

Prestasi & Kontribusi PTBA

P

T BUKIT Asam Tbk (PTBA) merayakan

hari jadinya yang ke-40 tahun pada Selasa, 2 Maret 2021. Hampir separuh abad beroperasi, PTBA sebagai perusahaan pertambangan batu bara dalam negeri terus berbakti dan berkontribusi optimal untuk mendorong pertumbuhan ekonomi Indonesia dan juga menjaga ketahanan energi negeri ini.

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The PTBA anniversary celebration this time was marked by the inauguration of the company's Corporate Social Responsibility (CSR) program, namely PLTS Tanjung Raja and social facilities in the form of PTBA Tourism Objects in Tanjung Enim.

The PTBA CSR programs are as follows: PLTS Tanjung Raja

Solar Irrigation Pump Assistance in Tanjung Raja Village, Muara Enim District, Muara Enim Regency. The pump is a submersible pump which has the ability to suck water containing sludge.

The pump capacity is 50 lps (liter per second) or 50 liter/second with a head reaching 30 meters. The assistance consists of 1 submersible pump unit, 1 inverter unit, 1 unit intake tub measuring 1.5x3 meters with a depth of 4 meters. This 11 kW irrigation pump will be powered by a PLTS with a capacity of 18.7 kW which uses 140 pieces of solar panels. 63 hectares of land will be irrigated with an estimated yield of 3 times a year reaching 567 tons. For information, prior to this assistance, harvesting could only be done once per year with a yield of around 189 tonnes.

The PLTS program is one of a series of PTBA expansions in new and renewable energy projects that have continued to be developed in recent years. Previously, PTBA has also completed several significant PLTS projects, including; PLTS at Soekarno Hatta Airport in collaboration with PT Angkasa Pura II, PLTS Irigasi Pesawaran, PLTS Irigasi Talawi, and PLTS for Az-Zawiyah Foundation in Ogan Ilir Regency.

Perayaan HUT PTBA kali ini ditandai dengan peresmian program Corporate Sosial Responsibility (CSR) perusahaan yakni PLTS Tanjung Raja dan fasilitas sosial berupa Objek Wisata PTBA di Tanjung Enim.

Adapun program CSR PTBA tersebut adalah sebagai berikut:

PLTS Tanjung Raja

Bantuan Pompa Irigasi Tenaga Surya di Desa Tanjung Raja Kecamatan Muara Enim Kabupaten Muara Enim. Pompa tersebut merupakan Pompa Jenis Submersible yang memiliki kemampuan dapat menyedot air yang mengandung lumpur.

Kapasitas pompa adalah 50 lps (liter per second) atau 50 liter/detik dengan head mencapai 30 meter. Bantuan terdiri 1 unit pompa submersible, 1 unit inverter, 1 unit bak intake berukuran 1,5x3 meter dengan kedalaman 4 meter.

Pompa irigasi berdaya 11 kW ini akan disokong listriknya oleh PLTS berkapasitas 18,7 kW yang menggunakan 140 keping panel surya. Lahan yang akan dialiri seluas 63 hektar dengan perkiraan hasil panen 3 kali setahun mencapai 567 ton. Sebagai informasi, sebelum adanya bantuan ini, panen hanya dapat dilakukan 1 kali per tahun dengan hasil sekitar 189 ton.

Program PLTS ini merupakan salah satu dari sederet rangkaian ekspansi PTBA di proyek energi baru dan terbarukan yang terus dikembangkan dalam beberapa tahun terakhir. Sebelumnya PTBA juga telah merampungkan beberapa proyek PLTS yang signifikan, antara lain; PLTS di Bandara Soekarno Hatta bekerja sama dengan PT Angkasa Pura II, PLTS Irigasi Pesawaran, PLTS Irigasi Talawi, dan PLTS untuk Yayasan Az-Zawiyah di Kabupaten Ogan Ilir.

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PTBA Tourism Object

This program is in the form of the construction of social facilities to support and realize the vision of Tanjung Enim as a Tourism City. This area has recreational facilities in the form of a coal park, art building, conference hall, culinary hall, tourist pool, dancing fountain, and others. PTBA 40 Years Milestone

Not just a ceremonial inauguration, this time PTBA's 40th Anniversary also feels special because of the achievements of the company which is currently transforming and has a vision to become a world-class energy company that cares for the environ-ment.

"The journey of PTBA to be what it is today is certainly not easy. Going through all the storms and tests, we can continue to prove by recording positive performance and a series of other achievements. Especially in tough times like this," said PTBA President Director Arviyan Arivin in his speech at PTBA 40th Anniversary, Tuesday (2/3/ 2021).

PTBA production is increasingly stretched, exports are increasing, and meeting domestic energy supply needs remains the company's priority. In fact, in the midst of last year's pandemic, the company was still able to score a positive performance and posted a profit.

Beyond Coal, which is the jargon of PTBA, continues to be realized, one by one the downstream projects to boost the added value of coal and business expansion to new and renewable energy are starting to run. South Sumatra 8 PLTU, which is the largest and most efficient mine-mouth power plant in Indonesia, has now reached a construction progress of 70% as of January 2021, and is ready for commercial operation of Unit-1 in December this year, and Unit-2 in March 2022.

Objek Wisata PTBA

Program ini berupa pembangunan fasilitas sosial untuk mendukung dan mewujudkan visi Tanjung Enim sebagai Kota Wisata. Area ini memiliki fasilitas rekreasi berupa coal park, gedung kesenian, gedung pertemuan, gedung kuliner, kolam wisata, dancing fountain, dan lainnya.

Milestone 40 Tahun PTBA

Tidak sekadar seremonial peresmian, HUT-40 PTBA kali ini juga terasa istimewa karena capaian-capaian perusahaan yang kini tengah bertransformasi dan memiliki visi menjadi perusahaan energi kelas dunia yang peduli lingkungan.

"Perjalanan PTBA menjadi seperti saat ini tentunya tidak mudah. Menempuh segala badai dan ujian, kita bisa tetap mem-buktikan dengan mencatat kinerja positif dan sederet prestasi lainnya. Terutama di masa-masa berat seperti ini," ujar Direktur Utama PTBA Arviyan Arivin dalam pidato sambutannya di HUT ke-40 PTBA, Selasa (2/3/2021).

Produksi PTBA kian menggeliat, ekspor meningkat, dan pemenuhan kebetuhan pasokan energi dalam negeri tetap menjadi prioritas perusahaan. Bahkan, di tengah pandemi tahun lalu, perusahaan tetap mampu mencetak kinerja positif dan mem-bukukan laba.

Beyond Coal yang menjadi jargon PTBA terus direalisasikan, satu demi satu proyek hilirisasi untuk menggenjot nilai tambah batu bara dan ekspansi bisnis ke energi baru dan terbarukan mulai berjalan.

PLTU Sumsel 8 yang merupakan pem-bangkit listrik mulut tambang terbesar dan efisien di Indonesia kini sudah mencapai progress konstruksi 70% per Januari 2021, dan siap beroperasi komersial Unit-1 pada bulan Desember tahun ini, dan Unit-2 pada bulan Maret 2022.

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Gasification of coal into DME is in sight. The gasification plant, which will be located in the Tanjung Enim Industrial Estate (Bukit Asam Coal Based Industrial Estate/BACBIE), has also been included in the National Strategic Project which was signed by President Joko Widodo.

The Cooperation Agreement between PTBA, Pertamina and Air Products Chemical Inc. was also signed on February 11, 2021. It remains only to calculate the time so that the factory can run and produce Dymethil Ether or DME products which can be substituted for LPG products whose imports are increasing every year. This means that the DME product that will be produced by PTBA is an important key to saving the country's foreign exchange, as well as a breakthrough in the use of coal in Indonesia. PTBA as a pioneer should be proud of this achievement.

The company's business expansion to the new and renewable energy sector is also not a discourse, with evidence of the PLTS Commercial Operation Date (CoD) at Soekarno Hatta Airport in collaboration with PT AP2. PTBA is currently preparing PLTS for ex-mining land in Ombilin, West Sumatra, and Tanjung Enim, South Sumatra, with each capacity reaching 200 Megawatts (MW) and planned to operate from 2022.

PTBA's contribution

Of course, PTBA always remembers the important role of the surrounding community in supporting company performance. As an appreciation of PTBA for the support of the community and regional government of South Sumatra so far, in 2020 PTBA allocated funds of Rp. 128 billion to build a new sports building, repair the Jakabaring Sport City venue, and construct public facilities and duty-support vehicles in South Sumatra Province.

Gasifikasi batu bara menjadi DME sudah di depan mata. Pabrik gasifikasi yang akan berada di Kawasan Industri Tanjung Enim (Bukit Asam Coal Based Industrial Estate/ BACBIE), juga telah masuk dalam Proyek Strategis Nasional yang telah ditandatangani oleh Presiden Joko Widodo.

Perjanjian Kerja sama atau Cooperation Agreement antara PTBA, Pertamina, dan Air Products Chemical Inc juga sudah ditanda-tangani pada 11 Februari 2021. Tinggal menghitung waktu agar pabrik bisa berjalan dan menghasilkan produk Dymethil Ether atau DME yang bisa menjadi produk subs-titusi LPG yang impornya kian bertambah setiap tahun nya.

Artinya, produk DME yang akan dihasilkan PTBA menjadi kunci penting untuk penye-lamatan devisa negara, sekaligus terobosan pemanfataan batu bara di Indonesia. PTBA sebagai pelopor patut berbangga atas prestasi ini.

Ekspansi bisnis perusahaan ke sektor energi baru dan terbarukan juga bukan wacana, dengan bukti Commercial Operation Date (CoD) PLTS di Bandara Soekarno Hatta bekerjasama dengan PT AP2. PTBA saat ini sedang menyiapkan PLTS lahan bekas tambang di Ombilin, Sumatera Barat, dan Tanjung Enim, Sumatera Selatan, dengan kapasitas masing-masing mencapai 200 Megawatt (MW) dan direncanakan ber-operasi mulai 2022.

Kontribusi PTBA

Tentunya, PTBA selalu mengingat peran penting masyarakat sekitar dalam men-dukung kinerja perusahaan. Sebagai apresiasi PTBA atas dukungan masyarakat dan pemerintah daerah Sumatera Selatan selama ini, di 2020 PTBA mengalokasikan dana sebesar Rp 128 miliar untuk mem-bangun gedung olahraga baru, perbaikan venue Jakabaring Sport City, dan pembangunan fasilitas umum serta kendaraan pendukung tugas di Provinsi Sumatra Selatan.

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The allocation of these funds is included in the PTBA Corporate Social Responsibility (CSR) program which is supported and signed by the Governor of South Sumatra, Herman Deru. This cooperation program runs from 2019 until construction is completed in 2021.

There are 11 new Stadium/Sports Hall. GORs are scattered in various districts/ cities in South Sumatra.

Together with the Regional Government, PTBA also took part in fighting the Covid-19 pandemic outbreak. During 2020, PTBA was recorded to have made donations of more than Rp 25.5 billion.

This donation included the assistance of a Polymerase Chain Reaction or PCR tool and renovation of the hospital laboratory with a total value of Rp. 5.09 billion. Then medical device assistance, direct assistance to the community and community, facilities and infrastructure to support health protocols, dissemination of prevention of the spread of covid-19, and others which reached Rp. 20 billion. (dob/dob)

Alokasi dana ini masuk dalam program Corporate Social Responsibility (CSR) PTBA yang didukung dan telah ditanda-tangani oleh Gubernur Sumatra Selatan Herman Deru. Program Kerjasama ini berlangsung sejak 2019 sampai selesai pembangunan pada 2021.

Terdapat sebanyak 11 Stadion/Gedung Olahraga baru. GOR tersebar di berbagai Kabupaten/Kota di Sumatra Selatan.

Bersama dengan Pemerintah Daerah, PTBA juga turut turun tangan memerangi wabah pandemi Covid-19. Selama 2020, PTBA tercatat telah mengucurkan donasi lebih dari Rp 25,5 miliar .

Donasi ini antara lain berupa bantuan alat Polymerase Chain Reaction atau PCR dan renovasi laboratorium rumah sakit dengan total senilai Rp 5,09 miliar. Lalu bantuan alat Kesehatan, bantuan langsung ke masyarakat maupun komunitas, sarana dan prasarana untuk mendukung protokol Kesehatan, sosialisasi pencegahan penye-baran covid-19, dan lainnya yang mencapai Rp 20 miliar. (dob/dob)

Performance decreased last

year, this is the prospect of Indo

Tambangraya Megah (ITMG)

this year

Reporter: Akhmad Suryahadi | Editor: Handoyo

T

HE PERFORMANCE of PT Indo

Tambangraya Megah Tbk (ITMG) has decreased throughout 2020. This coal mining company posted a net profit of US$ 39.47 million. This achievement decreased by 69.5% from ITMG's realized net profit in 2019 which reached US$ 129.42 million.

Kinerja menurun tahun lalu,

begini prospek Indo

Tambangraya Megah (ITMG)

tahun ini

Reporter: Akhmad Suryahadi | Editor: Handoyo

K

INERJA PT Indo Tambangraya Megah Tbk

(ITMG) mengalami penurunan sepanjang tahun 2020. Emiten pertambangan batubara ini membukukan laba bersih senilai US$ 39,47 juta. Raihan ini menurun 69,5% dari realisasi laba bersih ITMG pada tahun 2019 yang mencapai US$ 129,42 juta.

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As a result, earnings per share attributable to owners of ITMG's basic and silusian (full amount) parent company also decreased, from US$ 0.12 to US$ 0.04.

The decrease in net profit is in line with the decline in ITMG's revenue. Last year, ITMG posted a net income of US$ 1.18 billion, or a decrease of 30.9% from ITMG's realization of US$ 1.71 billion in the previous year.

In her research, NH Korindo Sekuritas Indonesia analyst Maryoki Pajri Alhusnah assessed that the decline in performance was in line with lower coal production, lower sales volume, and lower average selling price (ASP) compared to the previous year.

NH Korindo Sekuritas estimates ITMG's performance will grow this year, with projected revenue in 2021 to US$ 1.5 billion or up 28.8% year-on-year (YoY), with a projected net profit of more than US$ 84 million. , or an increase of 112.7% YoY.

"We project that coal prices will be higher than in 2020, and economic recovery in several countries such as China and India will increase demand for coal," wrote Maryoki in his research, Friday (26/2). This year, ITMG's coal production decreased to 19 million tonnes in line with the arrival of extreme weather including heavy rainfall, which could disrupt coal mining activities in early 2021.

From the sales side, Maryoki estimates that ITMG's coal sales volume will reach more than 21 million tonnes by 2021. This projection takes into account the economic recovery that is expected to begin in several countries along with the Covid-19 vaccination program.

Alhasil, laba bersih per saham yang dapat diatribusikan kepada pemilik entitas induk dasar dan silusian (nilai penuh) ITMG juga menurun, dari US$ 0,12 menjadi US$ 0,04. Penurunan laba bersih ini sejalan dengan penurunan pendapatan ITMG. Tahun lalu, ITMG membukukan pendapatan bersih senilai US$ 1,18 miliar, atau menurun 30,9% dari realisasi pendapatan ITMG tahun sebelumnya yang mencapai US$ 1,71 miliar. Dalam risetnya, Analis NH Korindo Sekuritas Indonesia Maryoki Pajri Alhusnah menilai, penurunan kinerja ini seiring dengan produksi batubara yang lebih rendah, volume penjualan yang lebih rendah, dan harga jual rata-rata (average selling price /ASP) yang lebih rendah di-bandingkan tahun sebelumnya.

NH Korindo Sekuritas memperkirakan kinerja ITMG akan tumbuh tahun ini, dengan proyeksi pendapatan di tahun 2021 menjadi US$ 1,5 miliar atau naik 28,8% secara year-on-year (YoY), dengan proyeksi torehan laba bersih lebih dari US$84 juta, atau naik 112,7% YoY.

“Kami memproyeksikan harga batubara akan lebih tinggi dari tahun 2020, dan pemulihan ekonomi di beberapa negara seperti China dan India akan meningkatkan permintaan batubara,” tulis Maryoki dalam riset, Jumat (26/2).

Tahun ini, produksi batubara ITMG di-produksi menurun ke level 19 juta ton seiring datangnya cuaca ekstrim termasuk curah hujan yang deras, sehingga dapat mengganggu aktivitas penambangan batu-bara pada awal 2021.

Dari sisi penjualan, Maryoki memperkira-kan volume penjualan batubara ITMG amemperkira-kan mencapai lebih dari 21 juta ton pada tahun 2021. Proyeksi ini dengan mempertim-bangkan pemulihan ekonomi yang diper-kirakan akan mulai terjadi di beberapa negara seiring program vaksinasi Covid-19.

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Meanwhile, the average selling price (ASP) this year will be relatively stable at US$ 70 per ton, as the northern hemisphere winter ends.

NH Korindo Sekuritas has assigned an overweight rating for ITMG shares with a 12-month target price of Rp 13,075. This rating is in line with the moderate performance throughout 2020, the increase in coal prices in 2021 in line with the economic recovery which will increase demand for coal, and extreme weather that will disrupt mining activities.

Sedangkan, harga jual rata-rata (ASP) tahun ini akan relatif stabil di US$70 per ton, seiring dengan berakhirnya musim dingin di belahan bumi bagian utara. NH Korindo Sekuritas menyematkan rating overweight untuk saham ITMG dengan target harga 12 bulan Rp13.075. Rating ini seiring dengan kinerja yang moderat sepanjang 2020, kenaikan harga batubara pada tahun 2021 seiring pemulihan eko-nomi yang akan meningkatkan permintaan batubara, serta cuaca ekstrim yang akan mengganggu aktivitas penambangan.

Rampage! Coal Price

Approaching US$ 85/Ton

Tirta Citradi, CNBC Indonesia

T

HE PRICE of coal moves with high

volatility in 2021. In just a short time the price of coal has dropped significantly and in a short time the price has skyrocketed again.

After being depressed in the last two weeks, the price of the coal futures (futures) contract for ICE Newcastle started to rebound. In the last four trading days, the price of coal has risen 9.2%. At the close of trading yesterday, the ICE Newcastle contract price strengthened again. This time, the contract price that was actively traded on the futures exchange shot up 1% to US$ 83.8/ton. Coal prices are gradually improving in line with the prospect of a brighter economic recovery this year due to the incessant Covid-19 vaccinations being carried out in many countries.

Ngamuk! Harga Batu Bara

Dekati US$ 85/Ton

Tirta Citradi, CNBC Indonesia

H

ARGA batubara bergerak dengan volatilitas tinggi di tahun 2021. Hanya dalam waktu singkat harga batu bara anjlok signifikan dan dalam waktu singkat pula harganya kembali meroket.

Pasca tertekan dalam dua pekan terakhir, harga kontrak futures (berjangka) batu bara ICE Newcastle mulai rebound. Dalam empat hari perdagangan terakhir harga batu bara telah naik 9,2%.

Pada penutupan perdagangan kemarin, harga kontrak ICE Newcastle kembali menguat. Kali ini harga kontrak yang aktif ditransaksikan di bursa berjangka tersebut melesat 1% ke US$ 83,8/ton.

Harga batu bara berangsur membaik seiring dengan prospek pemulihan ekonomi yang lebih cerah di tahun ini akibat gencarnya vaksinasi Covid-19 yang dilakukan di banyak negara.

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The prospect of coal price for this year is predicted to be better than last year. Moreover, the country's largest consumer and producer, namely China, is estimated to have its economy growing rapidly. This year's global coal demand will still be supported by the Asia Pacific market, with China and India as the driving forces. In the United States (US) and Europe the Covid-19 pandemic has increasingly made up the determination of Western countries to switch from these fossil energy sources to alternatives that are more environmentally friendly.

The large coal consumption in China encourages foreign coal producers to increase their production capacity. In addition, coal mines abroad are mostly open pit mines, making it easy to increase production.

However, coal production in China is limited by environmental protection policies and other factors. In recent years, several small and medium scale coal mines have had to stop production or even stop production because their environmental protection facilities failed to meet standards.

Meanwhile, the increase in mining costs caused coal prices in China to be higher than international coal prices. For example, in 2019, the average price of imported coal was only US$ 78 per tonne, around 10% lower than the price of domestic coal. Based on this analysis, the logistics costs for coal imports are very low because most of the imported coal enters China by sea. Meanwhile, the logistics costs for domestic coal are much higher because refined oil is more expensive in China than in other parts of the world. Therefore, China imports large quantities of coal every year.

Prospek harga batu bara untuk tahun ini diramal akan lebih baik ketimbang tahun lalu. Apalagi negara konsumen sekaligus produsen terbesarnya yaitu China diperkira-kan ekonominya adiperkira-kan tumbuh dengan pesat. Permintaan batu bara global tahun ini masih akan ditopang oleh pasar Asia Pasifik dengan China dan India sebagai motor penggerak-nya. Di Amerika Serikat (AS) dan Eropa pandemi Covid-19 semakin membulatkan tekad negara-negara Barat untuk beralih dari sumber energi fosil tersebut ke alternatif yang lebih ramah lingkungan.

Konsumsi batu bara yang besar di China mendorong produsen batu bara asing untuk meningkatkan kapasitas produksinya. Selain itu, tambang batu bara di luar negeri sebagian besar merupakan tambang terbuka, sehingga mudah untuk meningkatkan produksi.

Namun, produksi batu bara di China dibatasi oleh kebijakan perlindungan lingkungan dan faktor lainnya. Dalam beberapa tahun terakhir, beberapa tambang batu bara skala kecil dan menengah harus menghentikan produksi atau bahkan menghentikan pro-duksinya karena fasilitas perlindungan ling-kungan mereka gagal memenuhi standar. Sementara itu, kenaikan biaya penambangan membuat harga batu bara di China lebih tinggi dari harga batu bara internasional. Misalnya, pada 2019, harga rata-rata batubara impor hanya US$ 78 per ton, lebih rendah sekitar 10% dari harga batu bara dalam negeri.

Berdasarkan analisis tersebut, biaya logistik untuk impor batu bara sangat rendah karena sebagian besar batu bara impor masuk ke China melalui jalur laut.

Sementara biaya logistik untuk batu bara dalam negeri jauh lebih tinggi karena harga minyak sulingan lebih mahal di Cina daripada di belahan dunia lain. Oleh karena itu, China mengimpor batu bara dalam jumlah besar setiap tahun.

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China's coal imports increased from 204.06 million tons in 2015 to 299.67 million tons in 2019. In 2020, due to the outbreak of Covid-19 and the deteriorating relations between China and Australia, the trend of Chinese coal imports showed a decline.

Global Newswire reports, From January to November 2020, China's coal imports amounted to around 264.83 million tons, down 10.8% from the previous year. Coal imports are classified into anthracite, coking coal, other coal, other bituminous coal and lignite. The first three types of coal are used for thermal power generation and are collectively called steam coal in China.

China's coal imports are dominated by steam coal which has a low average price. According to analyst predictions, if the Covid-19 pandemic subsides in 2021, China's coal imports will increase in 2021-2025.

Although China has reduced its coal imports from Australia, China will seek coal from other countries as an alternative. One of them is Indonesia. However, if Covid-19 continues in 2021, it is estimated that China's coal imports will continue to decline in 2021 and will not continue growth until 2022. CNBC INDONESIA RESEARCH TEAM (twg/twg)

Impor batu bara China naik dari 204,06 juta ton pada 2015 menjadi 299,67 juta ton pada 2019. Pada 2020, akibat merebaknya Covid-19 dan memburuknya hubungan China dan Australia membuat tren impor batu bara China menunjukkan menurun. Global Newswire melaporkan, Dari Januari hingga November 2020, impor batu bara China berjumlah sekitar 264,83 juta ton atau turun 10,8% dari tahun sebelumnya. Impor batu bara diklasifikasikan menjadi antrasit, batu bara kokas, batu bara lainnya, batu bara bituminus lainnya dan lignit. Tiga jenis batu bara pertama digunakan untuk pembangkit listrik tenaga panas dan secara kolektif disebut batu bara uap di Cina.

Impor batu bara China didominasi oleh batu bara uap yang memiliki harga rata-rata yang rendah. Menurut prediksi analis, jika pandemi Covid-19 mereda pada 2021, impor batu bara China akan meningkat pada 2021-2025.

Meskipun Cina telah mengurangi impor batu baranya dari Australia, Negeri Panda akan mencari batu bara dari negara lain sebagai alternatif. Salah satunya Indonesia. Namun jika Covid-19 berlanjut pada 2021, diperkirakan impor batu bara China akan terus menurun pada 2021 dan tidak akan melanjutkan pertumbuhan hingga 2022.

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Rare Earth Metals Have

Potential to Become a New and

Renewable Energy Source

Author: Muhammad Ridwan

T

HE MINISTRY of Energy and Mineral

Resources is eyeing the potential for rare earth metals or rare earth elements to become a new and renewable energy source.

Head of the Bureau of Communication, Public Information Services and Cooperation (KLIK) Agung Pribadi revealed that rare earth elements (REE) have not been used as a source of energy in Indonesia.

According to him, the Geological Agency of the Ministry of ESDM is tasked with making an inventory of the REE potential that Indonesia has.

"The task of the Geological Agency is how to make an inventory of natural resources that can be utilized and to support the use of renewable energy that is more environmentally friendly," he said as quoted on the website of the Ministry of ESDM, Sunday (28/2/2021).

Apart from REE, said Agung, Indonesia has a very large nickel potential to be used as clean energy, one of which is batteries. According to him, Indonesia can play an important role in the electric battery energy industry, so that in the future Indonesia can better utilize this potential. "Hopefully in the future EBT can be even cheaper, in line with the development of technology. The regulations are also in favor of EBT so that its use can be developed. Hopefully our plan for the 23 percent EBT mix in 2025 can be caught up," he explained. Editor: Zufrizal

Logam Tanah Jarang Berpotensi

Jadi Sumber Energi Baru

Terbarukan

Author: Muhammad Ridwan

K

EMENTERIAN Energi dan Sumber Daya

Mineral melirik potensi logam tanah jarang atau rare earth element untuk menjadi sumber energi baru dan terbarukan.

Kepala Biro Komunikasi, Layanan Infor-masi Publik, dan Kerja Sama (KLIK) Agung Pribadi mengungkapkan bahwa logam tanah jarang atau rare earth element (REE) belum dimanfaatkan sebagai sumber energi di Indonesia.

Menurutnya, Badan Geologi Kementerian ESDM bertugas menginventarisasi potensj REE yang dimiliki Indonesia.

"Tugasnya Badan Geologi bagaimana meng-inventarisasi sumber daya alam yang bisa dimanfaatakan dan mendukung peman-faatan EBT yang lebih ramah lingkungan," katanya seperti dikutip melalui laman Kementerian ESDM, Minggu (28/2/2021). Selain REE, kata Agung, Indonesia memiliki potensi nikel yang sangat besar untuk dimanfaatkan sebagai energi bersih, salah satunya baterai.

Menurutnya, Indonesia bisa menjadi pemeran penting dalam industri energi baterai listrik, sehingga ke depannya Indonesia dapat lebih memanfaatkan potensi itu.

"Mudah-mudahan ke depan EBT bisa lebih murah lagi, sejalan dengan berkembangnya teknologi. Regulasinya juga memihak kepada EBT sehingga bisa dikembangkan pemanfaatannya. Semoga rencana kita bauran EBT 23 persen pada 2025 ini bisa terkejar," jelasnya. Editor : Zufrizal

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Copper, nickel price: 3 charts that bolster the bear case

Frik Els

T

HE COPPER price touched an intra-day high of $4.37 a pound last Thursday, not far off its

all-time record of $4.58 a pound or more than $10,000 a tonne struck in February 2011. Earlier in the week nickel also reached levels last seen in 2011, trading at $19,689 on the LME.

The peak came after a spectacular rally from the depths of the pandemic-induced slump that saw copper briefly trade below $2.00 a pound around a year ago. Nickel is up 70% from its covid-lows. Zinc’s trajectory has been similar, although the galvanizing metal in the most recent rally failed to pierce the $3,000 level it reached in March 2019.

Trading at $4.10 a pound ($,9041 a tonne) on Monday, the copper price has now fallen back 6% and nickel is down by more than $1,000, but a new research note by Capital Economics, an independent London-HQed research firm, suggests there may be more weakness ahead. Caroline Bain, Chief Commodities Economist at Capital Economics says that while falling stocks of copper in LME warehouses show that demand outside China is recovering, some of the fundamental factors supporting industrial metals prices are beginning to fade.

Firstly, the most recent price spikes in industrial metals have largely been driven by investor optimism as evidenced by long positions on the LME and Comex markets, and secondly, some of the fundamental supports of the rally have disappeared.

Chinese arbitrageurs are back on the sidelines and record-setting imports by the country, responsible for more than half the world’s copper consumption, are likely to ease as traders pick up cheaper domestic metal.

Significantly, mine supply from top copper producers in South America has bounced back after a year of pandemic-related disruptions and labour actions.

A survey of more than 20 investment banks and research houses compiled by Focus economics in February also points to weakness ahead.

The consensus forecast is for copper to trade at under $7,500 a tonne ($3.40 a pound) in the final quarter of 2021. For nickel, the projected Q4 average is $16,550 a tonne while zinc is expected to exchange hands for around $2,640 a tonne.

Australia delivers record gold output amid COVID-19

Henry Ballard

T

HE AUSTRALIAN gold mining sector has set a new production record with 327 tonnes in

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While the record was less than the 12 months’ output to June 2020, implying a slower September quarter, the December quarter of 2020 saw gold production rise by two tonnes to 83.

Surbiton Associates director Sandra Close explained the nature of the record year.

“Although Australian gold production is remaining near record levels, we are seeing a significant overall drop in the grade of ore being treated,” she said.

“This is a rational response to the higher gold prices during the year.”

Close said the effects of uncertainty surrounding the COVID-19 pandemic caused the gold price to reach record levels in 2020.

On August 6 2020, gold was valued at $2,868 per ounce, but sits at $2,249.04 at the time of writing.

“The 327 tonnes of gold (approximately 10.5 million ounces) produced in 2020 was worth $27 billion, based on the average daily Australian dollar gold price,” Close said.

“When gold prices are high, the grade of ore can be reduced but the mine can still remain profitable. Often this results in reduced output and the cost of production per ounce goes up – but at the moment operators are producing much the same amount of gold from lower grade material by increasing the throughput of their treatment plants.”

The Super Pit sale from Barrick Gold and Newmont to Saracen Mineral Holdings and Northern Star Resources was also one the biggest stories in Australia’s gold mining sector in 2020.

The “deal of the year”, as Close labelled it, valued the Super Pit mine in Kalgoorlie, Western Australia at around $2.3 billion as its Golden Mile mine has already produced 21 million ounces.

Close said it was a historically significant deal.

“The sale of Super Pit resolved some operational uncertainties and transferred the mine and treatment plant from overseas to local control,” she said.

“However, recent subsequent changes mean that the Super Pit, and indeed the original Golden Mile itself, is now held by a single owner for the first time since the field was discovered in 1893.”

Northern Star Resources and Saracen Mineral Holdings more recently completed a merger where the former acquired the latter after heavy backing from both companies’ shareholders. The Super Pit was the fifth largest producer of Australian gold in 2020, with 453,194 ounces, while Newcrest Mining’s Cadia East Operation boasted 822,478 ounces to be the country’s largest gold operation for 2020.

Close said gold remained a trustworthy investment partner going forward.

“I cannot predict the future but it is likely gold will still be seen as a safe store of value, as it is tangible and you can hold in your hand,” she said.

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Operation Ounces Owner

Cadia East 822,478 Newcrest Mining Ltd Boddington 670,000 Newmont Corp

Fosterville 640,000 Kirkland Lake Gold Ltd

Tanami 495,000 Newmont Corp

Super Pit 453,194 Northern Star Resources 50%, Saracen Mineral Holdings 50%.

Combination with Freeport had a lot of logic – Barrick CEO

MINING.COM Staff Writer

B

ARRICK Gold Chief Executive Mark Bristow said on Monday that a combination with

copper miner Freeport McMoRan “had a lot of logic to it” even though a deal between the companies did not pan out.

Freeport Chief Executive Richard Adkerson told Reuters on Thursday he has no desire to combine Freeport with Barrick – or another gold producer.

“I don’t believe it makes sense to combine a company like ours with a gold company,” Adkerson said. “But I don’t criticize Mark (Bristow) for thinking we have good assets.”

A surge in copper prices to near ten-year highs has pushed up valuations of producers of the highly conductive metal, with Freeport’s stock nearly tripling over the past 12 months.

The combination of Freeport’s improving sales and stock price has seemingly shooed away potential bidders, including Barrick, when last year, CEO Mark Bristow expressed interest in Freeport.

At the time, Barrick’s market value was twice that of Freeport. Now, given its stock surge, Freeport is worth over $18 billion more than Barrick.

Bristow has told investors his first priority now is to expand the assets Barrick already owns.

(With files from Reuters)

China chips away at coal addiction to chase climate goals

By: Bloomberg

C

HINA’s use of coal in its energy mix continued to decline in 2020, but more aggressive measures may be needed to reduce emissions in order to meet Beijing’s climate goals.

Coal use accounted for 56.8% of the country’s total energy consumption last year, down 0.9 of a percentage point from 2019, according to figures released Sunday by the National Bureau of Statistics.

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The modest decline allowed China to meet a government target to reduce the proportion of coal to around 57.5% in 2020. Still, total coal use climbed by 0.6% as energy consumption rose by 2.2% in 2020 from a year earlier.

President Xi Jinping pledged China would target carbon neutrality by 2060 in a September 22 speech to the United Nations. While he didn’t lay out details, Xi’s announcement implies the nation’s emissions will have to sharply decline to reach net-zero in less than 30 years after peaking in 2030.

One proposal under consideration to accelerate China’s adoption of clean energy is to cut the share of coal in the energy mix to 52% by 2025, Bloomberg reported earlier. Still a gulf remains between China’s ambitious carbon-neutral goals and the desire of its companies to maintain breakneck growth.

China may provide more details of its roadmap to carbon neutrality in its five-year policy blueprint set to be unveiled at legislative meetings that start next week. Beijing’s energy policy will need to juggle the competing demands of delivering economic growth, promoting energy security and mitigating the worst effects of global warming.

The proportion of clean energy including natural gas, hydropower, nuclear and wind power in total energy use rose by 1.0 percentage points to 24.3% in 2020, according to China’s statistics bureau.

Kamoa-Kakula sets new production record, mines 339,000 tonnes of

ore grading 5.50% copper in February

By Vladimir Basov

I

VANHOE Mines (TSX: IVN) announced Monday that underground ore production at the

Kamoa-Kakula copper project in the Democratic Republic of Congo (DRC) has for the first time exceeded the steady-state requirements of the Phase 1, 3.8-million-tonne-per-annum (Mtpa) concentrator plant.

According to the company’s statement, in February, the project mined and stockpiled 339,000 tonnes of ore grading 5.50% copper from the Kakula and Kansoko mines. The tonnage was 13% higher than January, while the copper grade continued to trend higher.

The project's pre-production surface stockpiles now contain approximately 2.16 million tonnes of high-grade and medium-grade ore at an estimated blended average of 4.44% copper. Contained copper in the stockpiles increased by approximately 19,000 tonnes in February - a 19.2% increase over January's production - to a cumulative total of more than 95,000 tonnes (the current copper price is approximately US$9,100 a tonne).

The company said that Kamoa-Kakula is on track to have more than three million tonnes of high-grade and medium-grade ore stockpiled on surface, holding more than 125,000 tonnes of contained copper, prior to the planned start of processing in July 2021. Kamoa-Kakula is positioned to become one of the world's largest copper producers.

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Ivanhoe Mines is a Canadian mining company focused on advancing its three principal joint-venture projects in Southern Africa: the development of major new, mechanized, under-ground mines at the Kamoa-Kakula copper discoveries in the DRC and at the Platreef palladium-platinum-nickel-copper-rhodium-gold discovery in South Africa; and the extensive redevelopment and upgrading of the historic Kipushi zinc-copper-germanium-silver mine, also in the DRC.

Coal India's production and offtake remained subdued in February

Demand was weak in the month

C

OAL India's production and offtake remained subdued in February amid lower demand and

robust pithead stock of 78 million tonnes, sources said on Monday.

The mining major is likely to report provisional dry fuel production of 61.8 million tonnes in February as against 66.26 million tonnes in the corresponding month last year, a decline of 6.6 per cent, they said.

On a monthly basis, the production fall was sharper in February compared to January, when it reported a drop of 4.1 per cent.

Offtake is llikely to be around 51.2 million tonnes during the reporting month compared to 54.9 million tonnes in the year-ago period, the sources said.

"Demand is not picking up as envisaged. Even after a discount offered by Bharat Coking Coal of 24 per cent to dilute its stock, movement is not that attractive. It still carried a stock of 1.6 million tonnes, down from 2.5 million tonnes when the discount was announced," one of the sources told PTI.

Cumulative production of dry fuel by the miner in the April-February period of the current fiscal is expected to be at 515 million tonnes as against 517 million tonnes in the corresponding 11 months a year earlier.

Electricity consumption in January was close to 111 billion units, with state-run fuel retailers, who dominate 90 per cent of the market share, reporting a 5-per cent decline in sales from the previous month.

Ukrainian miners produced 2.56M tonnes of coal in February

I

N FEBRUARY 2021, Ukrainian mining enterprises produced 2,555,628 tonnes of coal, which

is 19% higher than the production plan, the Coal Miners Union of Ukraine reported with a reference to the Energy Ministry.

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In Donetsk region, 1,061,182 million tonnes of coal were produced by coal mining enterprises of all forms of ownership in February 2021, including 392,119 tonnes of coal produced by state-owned mines, which is 13,106 tonnes less than the production plan.

Enterprises of the Energy Ministry in Luhansk region produced 22,170 tonnes of coal, which is 11,530 tonnes less than the production plan.

In Dnipropetrovsk region, DTEK Pavlohradvuhillia extracted 1,356,614 tonnes of coal, which is 786 tonnes less than the production plan.

In Lviv region, Lvivvuhillia State Enterprise produced 114,542 tonnes of coal. The production plan was exceeded by 11,442 tonnes.

SE Volynvuhillia extracted 1,120 tonnes of coal. The production plan was fulfilled by 10%. Since the start of 2021, Ukrainian coal mining enterprises of all forms of ownership produced 5,136,007 tonnes of coal, which is 112% of the plan.