TABLE OF CONTENTS. No. Title Media Source Page

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Daily News Update Page 1

Kiwoom Sekuritas Indonesia analysts Ike Widiawati and Michelle Abadi said repairs to the heap leach pad are expected to be completed by the end of the second quarter of 2021 and are expected to operate normally in the third quarter of 2021. Thus, the volume of gold production in 2021 is estimated at 98,585 ounces, which is still corrected 37% compared to gold production in 2020.

Kiwoom Sekuritas estimates that gold production volume is expected to return to normal in 2022. The average selling price or average selling price (ASP) of gold is expected to remain in the range of US$ 1,700 per troy ounce – US$ 1,850 per troy ounce.

Meanwhile, copper is expected to reach consistent production levels in the second quarter. Ike and Michelle project that MDKA's copper production this year is expected to reach 9,722 tons, higher than the 2020 production level of only 5,377 tons.

Produksi Merdeka Copper Gold

diproyeksi membaik, begini

rekomendasi saham MDKA

Reporter: Akhmad Suryahadi | Editor: Wahyu T. Rahmawati

P

ROSPEK PT Merdeka Copper Gold Tbk

(MDKA) diyakini akan membaik tahun ini. Sebelumnya, MDKA menghadapi insiden pergeseran permukaan tanah di heap leach pad di tambang emas Tujuh Bukit pada September 2020, yang berdampak kepada minimnya produksi dan juga penurunan penjualan di 2020.

Analis Kiwoom Sekuritas Indonesia Ike Widiawati dan Michelle Abadi menyebut, perbaikan pada heap leach pad diper-kirakan bakal rampung pada akhir kuartal kedua 2021 dan diharapkan beroperasi secara normal pada kuartal ketiga 2021. Sehingga, volume produksi emas pada tahun 2021 diperkirakan sebesar 98.585 ons, yang mana masih terkoreksi 37% dibandingkan produksi emas pada 2020. Kiwoom Sekuritas memperkirakan, volume produksi emas diperkirakan bakal kembali normal pada 2022. Harga jual rata-rata atau average selling price (ASP) emas diperkirakan akan tetap berada di kisaran US$ 1.700 per ons troi–US$ 1.850 per ons troi.

Sementara itu, tembaga diperkirakan akan mencapai tingkat produksi yang konsisten pada kuartal kedua. Ike dan Michelle memproyeksikan, produksi tembaga MDKA pada tahun ini diperkirakan akan mencapai 9.722 ton, lebih tinggi di-bandingkan tingkat produksi tahun 2020 yang hanya 5.377 ton.

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Daily News Update Page 4 The average selling price of copper is

estimated to be in the range of US$ 7,500 per metric ton–US$ 9,250 per metric ton. "The increase in copper commodity prices is expected to be in line with the improve-ment in world copper demand amid a lack of supply," Ike and Michelle wrote in their research, Wednesday (23/6).

Previously, Samuel Sekuritas Indonesia analyst Dessy Lapagu assessed that MDKA is one of the gold mining stocks whose movements can still be watched. The key point from MDKA is the potential for production recovery this year, which is expected to be higher than last 2020, which had fallen quite deep.

"In addition, positive catalysts are also supported by expectations of copper commodities which can encourage higher MDKA performance in the long term," Dessy explained to Kontan.co.id, Monday (21/6). Dessy recommended holding MDKA shares with a target price of Rp 3,000 per share. Meanwhile, Ike and Michelle have assigned a neutral rating to MDKA shares with a target price of Rp 3,160 per share. In the first trading session on Thursday (24/6), MDKA's shares were stagnant at Rp 2,900 per share.

Harga jual rata-rata tembaga diperkirakan berada di kisaran US$ 7.500 per metrik ton–US$ 9.250 per metrik ton. “Kenaikan harga komoditas tembaga diperkirakan seiring dengan mulai membaiknya per-mintaan tembaga dunia di tengah minim-nya pasokan,” tulis Ike dan Michelle dalam riset, Rabu (23/6).

Sebelumnya, Analis Samuel Sekuritas Indonesia, Dessy Lapagu menilai, MDKA menjadi salah satu saham tambang emas yang pergerakannya masih dapat diper-hatikan. Poin kunci dari MDKA adalah potensi pemulihan produksi tahun ini, yang diharapkan lebih tinggi dari 2020 lalu yang sempat turun cukup dalam.

“Selain itu, katalis positif juga didukung oleh ekspektasi komoditas tembaga yang dapat mendorong kinerja MDKA yang lebih tinggi secara jangka panjang,” terang Dessy kepada Kontan.co.id, Senin (21/6).

Dessy merekomendasikan hold saham MDKA dengan target harga Rp 3.000 per saham. Sementara Ike dan Michelle menyematkan rating netral terhadap saham MDKA dengan target harga Rp 3.160 per saham. Pada perdagangan sesi pertama Kamis (24/6), saham MDKA stagnan di level Rp 2.900 per saham.

Vale Indonesia Cooperates with

Taigang Group and Xinhai from

China

Jauhari Mahardhika

P

T VALE Indonesia Tbk (INCO) cooperates

with two strategic partners from China, Taiyuan Iron & Steel (Group) Co Ltd (Taigang) and Shandong Xinhai Technology Co Ltd, to work on the Bahodopi nickel processing facility.

Vale Indonesia Gandeng Grup

Taigang dan Xinhai dari

Tiongkok

Jauhari Mahardhika

P

T VALE Indonesia Tbk (INCO)

meng-gandeng dua mitra strategis asal Tiongkok, Taiyuan Iron & Steel (Group) Co Ltd (Taigang) dan Shandong Xinhai Techno-logy Co Ltd, untuk menggarap fasilitas pengolahan nikel Bahodopi.

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Daily News Update Page 5 The parties have signed a cooperation

framework agreement.

In the cooperation framework agreement, Vale Indonesia, Taigang, and Xinhai agreed in principle on key matters, one of which was the establishment of a joint venture company (JV Co) to build a nickel processing facility in Xinhai Industrial Park, Morowali, Central Sulawesi.

"JV Co will build eight rotary kiln-electric furnace ferronickel processing lines with an estimated production of 73 thousand metric tons of nickel per year along with supporting facilities," Vale Indonesia management explained in a written statement, Thursday (24/6).

All parties agreed that Vale Indonesia would own 49% of JV Co.'s shares. Taigang and Xinhai will own 51% of the shares. All parties also agreed that electricity needs will be sourced from gas-fired power plants to support Vale Indonesia's commitment to reducing carbon emissions. All parties also agreed that within six months of the signing of this agreement, all technical and financial requirements needed to make a final investment decision will be completed. In addition, all parties will conclude all definitive agreements regarding the rights and obligations of the parties in the joint venture.

Vale Indonesia CEO Febriany Eddy appreciates partners for supporting Vale's low carbon agenda by agreeing to change plans from coal-fired power plants to gas. "We believe this agreement is a testament to the alignment of our sustainability commitments, which is very important for Vale," he said.

Para pihak telah menandatangani perjan-jian kerangka kerja sama.

Dalam perjanjian kerangka kerja sama tersebut, Vale Indonesia, Taigang, dan Xinhai menyepakati secara prinsip hal-hal utama, salah satunya pembentukan perusahaan patungan (JV Co) untuk membangun fasilitas pengolahan nikel di Xinhai Industrial Park, Morowali, Sulawesi Tengah.

“JV Co akan membangun delapan lini pengolahan feronikel rotary kiln-electric furnace dengan perkiraan produksi sebesar 73 ribu metrik ton nikel per tahun beserta fasilitas pendukungnya,” jelas manajemen Vale Indonesia dalam kete-rangan tertulis, Kamis (24/6).

Adapun semua pihak menyetujui bahwa Vale Indonesia akan memiliki 49% saham JV Co. Sedangkan Taigang dan Xinhai akan memiliki 51% saham. Semua pihak juga menyetujui bahwa kebutuhan listrik akan bersumber dari pembangkit listrik tenaga gas untuk mendukung komitmen Vale Indonesia dalam mengurangi emisi karbon. Semua pihak pun menyepakati bahwa dalam jangka waktu enam bulan sejak ditandatanganinya perjanjian ini akan menyelesaikan semua persyaratan teknis dan finansial yang diperlukan untuk mengambil keputusan investasi final. Selain itu, semua pihak akan menyelesai-kan semua perjanjian definitif terkait hak dan kewajiban para pihak dalam per-usahaan patungan.

CEO Vale Indonesia Febriany Eddy menghargai para mitra karena mendukung agenda rendah karbon Vale dengan menyepakati perubahan rencana dari pembangkit listrik tenaga batu bara menjadi gas. “Kami percaya perjanjian ini merupakan bukti keselarasan komitmen keberlanjutan kami, dimana hal ini sangat penting bagi Vale,” ujar dia.

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Performance Projection

Meanwhile, analysts believe that Vale Indonesia will face a downward trend in production volume, along with the repair of one of its electric furnaces (EF) towards the end of this year. This prompted a number of analysts to revise down the company's financial performance projections this year. However, the expectation of an upward trend in the selling price of nickel is expected to be a positive sentiment.

BRI analyst Danareksa Sekuritas Stefanus Darmagiri revealed that the rebuilding of one of the EF's is scheduled for November. The plan was postponed from the original in May 2021. This activity has the potential to reduce Vale Indonesia's nickel production volume to 64 thousand tons compared to the original estimate of 70 thousand tons.

"However, we hope that the decline in sales volume can be met from the upward trend in selling prices, so that the production volume cuts will not have a too deep impact on the company's financial performance this year," he wrote in his research.

Stefanus revised down Vale Indonesia's net profit target from US$ 152 million to US$ 134 million. The company's estimated revenue is also cut from US$ 983 million to US$ 899 million in 2021. Likewise, the estimated sales of nickel in matte will be lowered from 70 thousand tons to 64 thousand tons. Meanwhile, the projected average selling price is maintained at US$ 14,040 per ton this year.

Stock Prospect

Samuel Sekuritas analyst Dessy Lapagu said that the construction of furnace IV, which began this year, is expected to reduce production volume. The repairs are expected to be completed by the end of this year, so that the company's productivity is expected to recover in 2022.

Proyeksi Kinerja

Sementara itu, kalangan analis menilai, Vale Indonesia bakal menghadapi tren penurunan volume produksi, seiring perbaikan salah satu electric furnace (EF) menjelang akhir tahun ini. Hal itu mendorong sejumlah analis untuk merevisi turun proyeksi kinerja keuangan perseroan tahun ini. Meski demikian, ekspektasi tren kenaikan harga jual komoditas nikel diharapkan menjadi sentimen positif.

Analis BRI Danareksa Sekuritas Stefanus Darmagiri mengungkapkan, pembangunan kembali salah satu EF dijadwalkan pada November. Rencana itu sempat ditunda dari semula pada Mei 2021. Kegiatan tersebut berpotensi menjadikan volume produksi nikel Vale Indonesia turun menjadi 64 ribu ton dibandingkan perkiraan semula 70 ribu ton.

“Namun, kami berharap penurunan volume penjualan tersebut bisa terpenuhi dari tren kenaikan harga jual, sehingga pemangkasan volume produksi tidak berimbas terlalu dalam terhadap kinerja keuangan perseroan sepanjang tahun ini,” tulis dia dalam risetnya. Stefanus merevisi turun target laba bersih Vale Indonesia dari US$ 152 juta menjadi US$ 134 juta. Estimasi pendapatan perseroan juga dipangkas dari US$ 983 juta menjadi US$ 899 juta pada 2021. Begitu juga dengan perkiraan penjualan nikel dalam matte diturunkan dari 70 ribu ton menjadi 64 ribu ton. Sedangkan proyeksi rata-rata harga jual dipertahankan US$ 14.040 per ton sepanjang tahun ini.

Prospek Saham

Analis Samuel Sekuritas Dessy Lapagu mengungkapkan, pembangunan furnace IV yang dimulai tahun ini diperkirakan me-nurunkan volume produksi. Perbaikan tersebut diharapkan kembali tuntas akhir tahun ini, sehingga produktivitas perseroan diharapkan kembali pulih pada 2022.

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Daily News Update Page 7 “The construction of Furnace IV, which is

targeted to start in November this year, will disrupt the company's production activities. This prompted the company's management to cut down its production volume target from 72 thousand tons to 64 thousand tons this year. Meanwhile, we project that the company's production will only be 63 thousand tons this year, down 13% from last year," Dessy wrote in her research.

Along with furnace IV repairs, the company will absorb a larger capital expenditure this year with an estimated US$ 135 million compared to last year's allocation of US$ 120 million. Most of the budget is to finance the development of furnace IV, development of mining infrastructure, and equipment rejuvenation. The source of capex financing comes from internal cash. Regarding the average selling price of nickel, he estimates it will be in the range of US$ 17,300-18,500 in 2021-2022. This price is better than the current price of US$ 16,963 per ton. "The high positive sentiment from electric car batteries has driven investors' optimism about the nickel industry in the long term," she explained.

Despite the better selling price this year, Dessy still revised down Vale Indonesia's net profit target to US$ 95 million this year compared to the original estimate of US$ 110 million. The target cut is in line with the company's revenue target decline in 2021 from US$ 870 million to US$ 868 million.

The downward revision prompted Samuel Sekuritas to cut INCO's share price target from Rp 6,730 to Rp 6,400. Currently, the price of INCO is still at the average level of PE in the last five years. Editor : Jauhari Mahardhika

“Pembangunan furnace IV yang ditarget-kan mulai November tahun ini aditarget-kan mengganggu aktivitas produksi perseroan. Hal ini mendorong manajemen perseroan memangkas turun target volume produksi dari 72 ribu ton menjadi 64 ribu ton tahun ini. Sedangkan kami memberikan proyeksi produksi perseroan hanya 63 ribu ton tahun ini atau turun 13% dari tahun lalu,” tulis Dessy dalam risetnya.

Seiring dengan perbaikan furnace IV, perseroan bakal menyerap belanja modal lebih besar tahun ini dengan perkiraan US$ 135 juta dibandingkan alokasi tahun lalu US$ 120 juta. Sebagian besar anggaran untuk membiayai pengembangan furnace IV, pengembangan infrastruktur tambang, serta peremajaan alat. Sumber pembiayaan capex berasal dari kas internal.

Mengenai rata-rata harga jual nikel, dia memperkirakan pada kisaran US$ 17.300-18.500 pada 2021-2022. Harga tersebut lebih baik dibandingkan saat ini yang mencapai US$ 16.963 per ton. “Masih tingginya sentimen positif dari baterai mobil listrik menjadi pendorong opti-misme investor terhadap industri nikel dalam jangka panjang,” jelasnya.

Meski harga jual lebih baik tahun ini, Dessy tetap merevisi turun target laba bersih Vale Indonesia menjadi US$ 95 juta tahun ini dibandingkan perkiraan semula US$ 110 juta. Pemangkasan target tersebut sejalan dengan penurunan target penda-patan perseroan tahun 2021 dari US$ 870 juta menjadi US$ 868 juta.

Revisi turun tersebut mendorong Samuel Sekuritas untuk memangkas target harga saham INCO dari Rp 6.730 menjadi Rp 6.400. Saat ini, harga INCO masih berada di level rata-rata PE dalam lima tahun terakhir. Editor : Jauhari Mahardhika

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Guaranteed to Run, This is a

Row of Mineral and Coal

Downstream Projects

Rio Indrawan

M

INISTER of Energy and Mineral

Resources (ESDM) Arifin Tasrif ensured that the downstream steps as an effort to increase the added value of minerals and coal would continue as planned. This downstreaming will be one of the triggers for the development of the domestic industry.

"The government ensures an increase in added value so that minerals and coal are not only commodities for state revenue, but also as supplies in developing domestic industries," said Arifin on the sidelines of the 1st International Seminar on Mineral and Coal Technology (ISMCT) 2021 on Wednesday (23/23). 6).

Arifin emphasized that minerals and coal still play an important role in driving the national economy as commodities to meet domestic needs as sources of energy and industrial raw materials.

One of the mineral downstream priorities that is being pushed is rare earth and nickel. Later, nickel development will be aligned with the government's plan to encourage the use of electric cars and is targeted to become a supply country for Electric Vehicle (EV) batteries by 2025. “The establishment of the Indonesian Battery Corporation is a supply chain entity for battery production from upstream to downstream or the final product of batteries and circular economy activities. in the mining sector," said Arifin.

Dipastikan Jalan, Ini Deretan

Proyek Hilirisasi Mineral dan

Batu Bara

Rio Indrawan

M

ENTERI Energi dan Sumber Daya

Mineral (ESDM) Arifin Tasrif memastikan langkah hilirisasi sebagai upaya mening-katkan nilai tambah mineral dan batu bara tetap berjalan sesuai rencana. Hilirisasi tersebut akan menjadi salah satu pemicu pengembangan industri dalam negeri. “Pemerintah memastikan peningkatan nilai tambah sehingga mineral dan batu bara tidak hanya menjadi komoditas pene-rimaan negara saja, tetapi juga sebagai suplai dalam mengembangkan industri dalam negeri,” kata Arifin disela 1st International Seminar On Mineral and Coal Technology (ISMCT) 2021 pada Rabu (23/6).

Arifin menegaskan, mineral dan batu bara masih memegang peran penting dalam menggerakkan perekonomian nasional sebagai komoditas untuk memenuhi kebutuhan dalam negeri sebagai sumber energi dan bahan baku industri.

Salah satu prioritas hiliriasi mineral yang sedang didorong adalah tanah jarang (rare earth) dan nikel. Nantinya, pengembangan nikel akan diseleraskan dengan rencana pemerintah mendorong penggunaan mobil listrik dan ditargetkan menjadi negara pemasok baterai Electric Vehicle (EV) pada 2025.

“Pembentukan Indonesian Battery Corporation merupakan entitas rantai pasok produksi baterai dari hulu ke hilir atau produk akhir baterai dan kegiatan sirkular ekonomi di sektor pertambangan,” ungkap Arifin.

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Daily News Update Page 9 For the use of rare earth elements, it can

support components of wind turbines, electric vehicles, and energy-efficient fluorescent lamps. "The government has targeted the construction of 53 smelters by 2024. Currently 19 smelters have been built and most of them are used for nickel processing (13 facilities), followed by bauxite and copper," said Arifin.

In the coal sector, downstreaming is also a major concern for the government through Dimethyl Ether (DME), methanol, fertilizer and syngas. Moreover, Indonesia has potential resources and coal reserves of around 149 billion tons and 38 billion tons, respectively. The coal downstream target is 27 million tons by 2030.

"This must be developed immediately so that coal can be used as industrial raw material or a more environmentally friendly energy source," said Arifin.

Arifin revealed that several companies have carried out coal gasification projects to realize dimethyl ether (DME) in order to reduce imports of Liquified Petroleum Gas (LPG). "This is the right step to implement strategic policies in the energy sector in order to realize energy security," he said. The Indonesian government has issued various policies to accelerate the down-streaming of minerals and coal such as a limited export permit policy for laundered bauxite, the provision of tax allowance and holiday tax facilities, and an online single submission (OSS) application. "And the imposition of royalties is proportional to the products produced," said Arifin. (RI)

Untuk pemanfaatan unsur tanah jarang dapat menyokong komponen turbin angin, kendaraan listrik, dan lampu neon hemat energi. “Pemerintah telah menargetkan pembangunan 53 smelter pada 2024. Saat ini telah dibangun 19 smelter dan sebagian besar digunakan untuk pengolahan nikel (13 fasilitas), disusul bauksit dan tembaga,” ujar Arifin.

Di sektor batu bara, hilirisasi juga menjadi perhatian utama bagi pemerintah melalui Dimethyl Ether (DME), methanol, pupuk dan syngas. Apalagi Indonesia memiliki potensi sumber daya dan cadangan batu bara masing-masing sekitar 149 miliar ton dan 38 miliar ton. Target hilirisasi batu-bara sendiri sebesar 27 juta ton pada 2030. “Ini harus segera dikembangkan agar batubara bisa digunakan sebagai bahan baku industri atau sumber energi yang lebih ramah lingkungan,” tegas Arifin. Arifin mengungkapkan, beberapa per-usahaan telah menjalankan proyek gasifikasi batubara untuk mewujudkan dimethyl ether (DME) dalam rangka mengurangi impor Liquified Petroleum Gas (LPG). “Ini langkah yang tepat untuk meng-implementasikan kebijakan strategis di bidang energi dalam rangka me-wujudkan ketahanan energi,” kata dia.

Pemerintah Indonesia telah mengeluarkan berbagai kebijakan untuk mempercepat hilirisasi mineral dan batu bara seperti kebijakan izin ekspor terbatas untuk bauksit yang dicuci, pemberian fasilitas tax allowance dan tax hari raya, permohonan online single submission (OSS). “Dan pengenaan royalti secara proporsional sesuai dengan produk yang dihasilkan,” kata Arifin. (RI)

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Minister of ESDM affirms

commitment to downstream

mineral and coal

Reporter: Filemon Agung | Editor: Handoyo

M

INISTER of Energy and Mineral Resources

(ESDM) Arifin Tasrif ensured that the downstream steps as an effort to increase the added value of minerals and coal went according to plan. This was conveyed by Arifin when opening the 1st International Seminar on Mineral and Coal Technology (ISMCT) 2021 on Wednesday (23/6).

"The government ensures an increase in added value so that minerals and coal are not only commodities for state revenue, but also as supplies in developing domestic industries," said Arifin in the seminar entitled 'Suistanable Development on Mining, Processing, and Environment'. Arifin emphasized that minerals and coal still play an important role in driving the national economy. "I hope this commodity can meet domestic needs as a source of energy and industrial raw materials, so that it can become a national development capital," said Arifin.

Arifin explained that one of the priorities for mineral downstreaming that is being pushed is rare earth and nickel. Later, nickel development will be aligned with the government's plan to encourage the use of electric cars and is targeted to become a supply country for Electric Vehicle (EV) batteries by 2025.

"The establishment of the Indonesian Battery Corporation is a supply chain entity for battery production from upstream to downstream or the final product of batteries and circular economic activities in the mining sector," said Arifin.

Menteri ESDM tegaskan

komitmen hilirisasi minerba

Reporter: Filemon Agung | Editor: Handoyo

M

ENTERI Energi dan Sumber Daya Mineral

(ESDM) Arifin Tasrif memastikan langkah hilirisasi sebagai upaya meningkatkan nilai tambah mineral dan batubara berjalan sesuai rencana. Hal ini disampaikan Arifin saat membuka acara 1st International Seminar On Mineral and Coal Technology (ISMCT) 2021 pada Rabu (23/6).

"Pemerintah memastikan peningkatan nilai tambah sehingga mineral dan batubara tidak hanya menjadi komoditas penerimaan negara saja, tetapi juga sebagai suplai dalam mengembangkan industri dalam negeri," kata Arifin dalam seminar bertajuk 'Suistanable Development on Mining, Processing, and Environment' tersebut. Arifin menegaskan, mineral dan batubara masih memegang peran penting dalam menggerakkan perekonomian nasional. "Harapan saya komoditas ini bisa memenuhi kebutuhan dalam negeri sebagai sumber energi dan bahan baku industri, sehingga bisa menjadi modal pembangunan nasional," jelas Arifin

Arifin memaparkan salah satu prioritas hiliriasi mineral yang sedang didorong adalah tanah jarang (rare earth) dan nikel. Nantinya, pengembangan nikel akan di-selaraskan dengan rencana pemerintah mendorong penggunaan mobil listrik dan ditargetkan menjadi negara pemasok baterai Electric Vehicle (EV) pada tahun 2025.

"Pembentukan Indonesian Battery Corporation

merupakan entitas rantai pasok produksi baterai dari hulu ke hilir atau produk akhir baterai dan kegiatan sirkular ekonomi di sektor pertambangan," ungkap Arifin.

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Daily News Update Page 11 Meanwhile, the utilization of rare earth

elements can support components of wind turbines, electric vehicles, and energy-efficient fluorescent lamps. "The govern-ment has targeted the construction of 53 smelters by 2024. Currently 19 smelters have been built and most of them are used for nickel processing (13 facilities), followed by bauxite and copper," Arifin added.

In the coal sector, downstreaming is also a major concern for the government through Dimethyl Ether (DME), methanol, fertilizer and syngas. Moreover, Indonesia is blessed with potential resources and coal reserves of around 149 billion tons and 38 billion tons, respectively.

The coal downstream target is 27 million tons by 2030. "This must be developed immediately so that coal can be used as industrial raw materials or energy sources that are more environmentally friendly," said Arifin.

Arifin revealed that several companies have carried out coal gasification projects to realize dimethyl ether (DME) in order to reduce imports of Liquified Petroleum Gas (LPG). "This is the right step to implement strategic policies in the energy sector in order to realize energy security," he explained.

The Indonesian government, continued Arifin, has issued various policies to accelerate the downstreaming of minerals and coal such as a limited export permit policy for washed bauxite, the provision of tax allowance and holiday tax facilities, an online single submission (OSS) application, and the imposition of royalties propor-tionally in accordance with the resulting product.

Sementara untuk pemanfaatan unsur tanah jarang dapat menyokong komponen turbin angin, kendaraan listrik, dan lampu neon hemat energi. "Pemerintah telah menargetkan pembangunan 53 smelter pada 2024. Saat ini telah dibangun 19 smelter dan sebagian besar digunakan untuk pengolahan nikel (13 fasilitas), disusul bauksit dan tembaga," Arifin me-nambahkan.

Di sektor batubara, hilirisasi juga menjadi perhatian utama bagi pemerintah melalui Dimethyl Ether (DME), methanol, pupuk dan syngas. Apalagi Indonesia dikaruniai potensi sumber daya dan cadangan batubara masing-masing sekitar 149 miliar ton dan 38 miliar ton.

Target hilirisasi batubara sendiri sebesar 27 juta ton pada 2030. "Ini harus segera dikembangkan agar batubara bisa di-gunakan sebagai bahan baku industri atau sumber energi yang lebih ramah ling-kungan," tegas Arifin.

Arifin mengungkapkan, beberapa per-usahaan telah menjalankan proyek gasifikasi batubara untuk mewujudkan dimethyl ether (DME) dalam rangka mengurangi impor Liquified Petroleum Gas (LPG). "Ini langkah yang tepat untuk mengimplementasikan kebijakan strategis di bidang energi dalam rangka me-wujudkan ketahanan energi," jelasnya. Pemerintah Indonesia, sambung Arifin, telah mengeluarkan berbagai kebijakan untuk mempercepat hilirisasi mineral dan batubara seperti kebijakan izin ekspor terbatas untuk bauksit yang dicuci, pemberian fasilitas tax allowance dan tax hari raya, permohonan online single submission (OSS), dan pengenaan royalti secara proporsional sesuai dengan produk yang dihasilkan.

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Daily News Update Page 12 This seminar is the first international-scale

mineral and coal technology seminar organized by the Mineral and Coal Technology Public Service Agency (tekMIRA) of the ESDM Research and Development Agency. "It is an honor for us at the Ministry of ESDM to hold this international seminar even though it is held virtually due to the pandemic outbreak," concluded Arifin.

Seminar kali ini merupakan seminar teknologi mineral dan batubara pertama yang berskala internasional diselenggara-kan oleh Badan Layanan Umum Teknologi Mineral dan Batubara (tekMIRA) Badan Litbang ESDM. "Sungguh suatu kehormatan bagi kami di Kementerian ESDM untuk menyelenggarakan seminar internasional ini meskipun diadakan secara virtual karena wabah pandemi," pungkas Arifin.

It is suggested that nickel

smelters will be limited, when

will it start?

Anisatul Umah, CNBC Indonesia

T

HE GOVERNMENT, in this case the

Ministry of Energy and Mineral Resources (ESDM), is reportedly proposing restric-tions on the construction of new second-class nickel smelters, namely for ferronickel (FeNi) and Nickel Pig Iron (NPI).

On the other hand, the government is targeting 53 smelters, of which 30 are nickel smelters, to be operational by 2024.

So, if the new smelter project will indeed be limited, when will it be implemented? Regarding the proposed restrictions on ferronickel smelters and NPI, Member of Commission VII DPR RI, the PKS Faction, Mulyanto, admitted that he had discussed with the government.

He said the limitation of the second class nickel smelter is still at the stage of proposal and concept maturation. Until now, the official ministry regulation has not been issued, so there is no legality to execute it.

Smelter Nikel Diusulkan Bakal

Dibatasi, Mulai Kapan?

Anisatul Umah, CNBC Indonesia

P

EMERINTAH dalam hal ini Kementerian

Energi dan Sumber Daya Mineral (ESDM) dikabarkan mengusulkan pembatasan pembangunan smelter nikel baru kelas dua yakni untuk feronikel (FeNi) dan Nickel Pig Iron (NPI).

Namun di sisi lain, pemerintah tengah menargetkan 53 smelter, di mana 30 smelter di antaranya merupakan smelter nikel, akan beroperasi pada 2024.

Lantas, bila proyek smelter baru ini memang akan dibatasi, kapan mulai akan diterapkan?

Mengenai usulan pembatasan smelter feronikel dan NPI ini, Anggota Komisi VII DPR RI Fraksi PKS Mulyanto mengaku sudah berdiskusi dengan pemerintah. Dia mengatakan, pembatasan smelter nikel kelas dua ini masih pada tahap usulan dan pematangan konsep. Sampai saat ini belum keluar peraturan kementerian resminya, sehingga belum ada legalitas untuk di-eksekusi.

(13)

Daily News Update Page 13 "I had a discussion with the Director

General of Mineral and Coal, regarding when the restrictions on the second-class nickel smelters will be implemented, and what kind of concrete restrictions will be," he told CNBC Indonesia, Thursday (24/06/ 2021).

Mulyanto said that because the regulations have not yet been issued, concrete steps for this restriction still need time. According to him, the form of the restriction on the construction of the smelter has not yet been defined.

"Concrete steps to limit this, both in time and form, have not been defined," he said. He further said that currently there is no plan and schedule for closing the second class smelter, or requiring the second class smelter to be converted into a first class smelter. The same is true for the limitation of the permit for the establishment of a second class smelter plant.

"So now it's still the status quo. So it's still a raw proposal. Unfortunately, why was it brought to Commission VII DPR RI," he said.

The Ministry of ESDM targets that by 2024 there will be 53 processing and refining facilities (smelters) operating, of which 30 are nickel smelters.

As of 2020, 19 smelters have been operating, of which 13 are nickel smelters. Then, what will happen to the additional 17 new nickel smelters until 2024?

The Director of Mineral Business Development at the Directorate General of Mineral and Coal (Ditjen Minerba) of the Ministry of ESDM, Sugeng Mujiyanto, also spoke about the discourse on limiting the smelter.

He said the target for the construction of 30 nickel smelters by 2024 would continue. According to him,…

"Tadi saya diskusi dengan Dirjen Minerba, terkait kapan pembatasan smelter nikel kelas dua akan diimplementasikan, dan bentuk pembatasannya seperti apa konkretnya," ungkapnya kepada CNBC Indonesia, Kamis (24/06/2021).

Mulyanto menyebut, karena peraturannya saja belum keluar, maka langkah konkret dari pembatasan ini masih butuh waktu. Bentuk dari pembatasan pembangunan smelter ini pun menurutnya juga belum didefinisikan.

"Langkah konkret pembatasan ini, baik waktu maupun bentuknya, belum di-definisikan," ujarnya.

Lebih lanjut dia mengatakan, saat ini belum ada rencana dan jadwal untuk penutupan smelter kelas dua, ataupun mewajibkan smelter kelas dua ini diubah menjadi smelter kelas satu. Pun demikian pada pembatasan izin pendirian pabrik smelter kelas dua.

"Jadi sekarang masih status quo. Jadi masih usulan mentah. Sayangnya, kenapa dibawa ke komisi VII DPR RI," ungkapnya.

Kementerian ESDM menargetkan sampai dengan tahun 2024 mendatang akan ada 53 fasilitas pengolahan dan pemurnian (smelter) beroperasi, di mana 30 di-antaranya merupakan smelter nikel.

Sampai tahun 2020, ada 19 smelter telah beroperasi, di mana 13 di antaranya merupakan smelter nikel. Lalu, bagaimana nasib tambahan 17 smelter nikel baru hingga 2024?

Direktur Pembinaan Pengusahaan Mineral Direktorat Jenderal Mineral dan Batu Bara (Ditjen Minerba) Kementerian ESDM Sugeng Mujiyanto pun angkat bicara soal wacana pembatasan smelter ini.

Dia mengatakan, target pembangunan 30 smelter nikel hingga 2024 akan tetap di-lanjutkan. Menurutnya,…

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Daily News Update Page 14 According to him, the target of 30 smelters

has been included in the calculation of the Ministry of ESDM before there will be restrictions on new projects.

"The calculations are based on existing plans, of which 30 have been planned," said Sugeng to CNBC Indonesia, Wednesday (23/06/2021).

This means, according to him, restrictions on the construction of second-class nickel smelters, namely for FeNi and NPI, will be carried out after these 30 smelters are built. "I think so," he said when asked if the restriction was implemented after the target of 30 nickel smelters was built.

As is known, the discourse on limiting smelters is intended for several reasons, including added value, securing raw materials for battery cell factories, and maintaining the resilience of nickel ore reserves. (wia)

Menurutnya, target 30 smelter tersebut sudah termasuk dalam perhitungan Kementerian ESDM sebelum nantinya ada pembatasan proyek baru.

"Hitungan berdasar rencana yang sudah ada, yang 30 kan sudah direncanakan," kata Sugeng kepada CNBC Indonesia, Rabu (23/06/2021).

Artinya, menurutnya pembatasan pem-bangunan smelter nikel kelas dua yakni untuk FeNi dan NPI akan dilakukan setelah 30 smelter ini terbangun.

"Kira-kira begitu," ucapnya saat ditanya apakah pembatasan dilakukan setelah target 30 smelter nikel terbangun.

Seperti diketahui, wacana pembatasan smelter ini ditujukan karena beberapa alasan antara lain nilai tambah, meng-amankan bahan baku untuk pabrik sel baterai, dan menjaga ketahanan cadangan bijih nikel. (wia)

Innovation and Environmental

Preservation Drive Amman

Mineral's Sustainable Mining

Yurika

P

T AMMAN Mineral Nusa Tenggara

participated in the 1st International Seminar on Mineral and Coal Technology (the 1st ISMCT) 2021 organized by the Research and Development Center for Mineral and Coal Technology (tekMIRA), the Agency for Research and Development of Energy and Mineral Resources, and the Directorate General of Minerals. and Coal, Ministry of Energy and Minerals (ESDM), Wednesday (23/6).

Inovasi dan Pelestarian

Lingkungan Pacu Pertambangan

Berkelanjutan Amman Mineral

Yurika

P

T AMMAN Mineral Nusa Tenggara turut

berpartisipasi dalam 1st International Seminar on Mineral and Coal Technology (the 1st ISMCT) 2021 yang diselenggara-kan Pusat Penelitian dan Pengembangan Teknologi Mineral dan Batubara (tekMIRA), Badan Penelitian dan Pengem-bangan Energi dan Sumber Daya Mineral, dan Direktorat Jenderal Mineral dan Batubara, Kementerian Energi dan Mineral (ESDM), Rabu (23/6).

(15)

Daily News Update Page 15 The virtual event with the theme

“Sustainable Development on Mining, Processing and Environment” was held for two days and was attended by more than 300 participants from government institutions, private representatives, academics, and international and national associations in the mining sector.

Arifin Tasrif, Minister of Energy and Mineral Resources, in his speech emphasized the government's commitment to encourage sustainable management of the mineral and coal sector (Minerba). “The government continues to encourage improvements in environmental performance such as energy efficiency, reduction of greenhouse gas emissions, and waste management. Therefore, this seminar is very useful as a place for collaboration and sharing of experiences among scientists, government, and industry,” he said.

Rachmat Makkasau, President Director of Amman Mineral, cited examples of innovations carried out at the Batu Hijau Mine, such as the diversion of reclamation surface water which helps reduce the energy burden of pumping acid mine drainage from reservoirs, which is correlated with a reduction in CO2 emissions.

In addition, the diversion of reclamation surface water can also increase water conservation, so that it can be utilized by the community and biota around the watershed.

“Our various innovations are a commit-ment to balance the developcommit-ment of operational performance without forgetting the aspect of environmental preservation. We do this as a manifestation of our new vision to create the best legacy,” said Rachmat.

Acara virtual dengan tema “Sustainable Development on Mining, Processing and Environment” ini diselenggarakan selama dua hari dan diikuti oleh lebih dari 300 peserta dari institusi pemerintah, per-wakilan swasta, akademisi, dan asosiasi internasional dan nasional di bidang pertambangan.

Arifin Tasrif, Menteri ESDM, dalam sambutannya menegaskan komitmen pemerintah dalam mendorong pengelolaan sektor mineral dan batu bara (Minerba) yang berkelanjutan.

“Pemerintah terus mendorong pening-katan kinerja lingkungan seperti efisiensi energi, pengurangan emisi gas rumah kaca, serta pengelolaan limbah. Karenanya seminar ini sangat bermanfaat sebagai ajang kolaborasi dan berbagi pengalaman di antara para ilmuwan, pemerintah, dan industri,” ujarnya.

Rachmat Makkasau, Presiden Direktur Amman Mineral, menyebutkan contoh inovasi yang dilakukan di Tambang Batu Hijau, seperti pengalihan air permukaan reklamasi yang membantu mengurangi beban energi pemompaan air asam tambang dari kolam penampungan, yang berkolerasi dengan penurunan emisi CO2. Selain itu, pengalihan air permukaan reklamasi ini juga dapat meningkatkan konservasi air, sehingga dapat dimanfaat-kan masyarakat dan biota sekitar daerah aliran sungai.

“Berbagai inovasi yang kami lakukan merupakan komitmen untuk menyeim-bangkan pengembangan performa operasional tanpa melupakan aspek pelestarian lingkungan. Hal ini kami lakukan sebagai wujud dari visi baru kami untuk menciptakan warisan terbaik,” ujar Rachmat.

(16)

Daily News Update Page 16 Not only that, Amman also targets the use

of solar panel technology and other forms of renewable energy that continues to increase from year to year, and various other initiatives.

Rachmat added that mining companies need to continue to document their initiatives and achievements in reducing CO2 emissions to be published to the public, so that they can encourage the application of technologies that are more environmentally friendly, and build a positive image for the mining industry. The support of various stakeholders for the mining industry is very important, especially since the mining industry has a significant contribution to the Indonesian economy.

According to a report by the Directorate General of Mineral and Coal, the Non-Tax State Revenue (PNBP) of the mineral and coal sub-sector throughout 2020 reached Rp. 34.6 trillion, an increase of more than 100% above the target, although various mining activities have faced many challenges due to the Covid-19 pandemic.

(RA)

Tak hanya itu, Amman juga menargetkan penggunaan teknologi panel surya dan bentuk energi terbarukan (renewable energy) lainnya yang terus meningkat dari tahun ke tahun, dan berbagai inisiatif lain. Rachmat menambahkan bahwa per-usahaan-perusahaan tambang perlu terus mendokumentasikan inisiatif dan capaian dalam penurunan emisi CO2 untuk di-publikasikan kepada masyarakat luas, sehingga dapat mendorong penerapan teknologi-teknologi yang lebih ramah lingkungan, dan membangun citra positif bagi industri pertambangan.

Dukungan berbagai pemangku kepen-tingan terhadap industri pertambangan sangat penting, terlebih karena industri pertambangan memiliki kontribusi signifikan bagi perekonomian Indonesia. Menurut laporan Direktorat Jenderal Minerba, Pendapatan Negara Bukan Pajak (PNBP) subsektor minerba sepanjang tahun 2020 mencapai Rp34,6 triliun, meningkat lebih dari 100% di atas target, meski berbagai aktivitas pertambangan banyak menemui tantangan akibat pandemi Covid-19. (RA)

The First Electric Vehicle Battery

Raw Material Factory in

Indonesia Officially Operates

T

HE FIRST electric vehicle battery raw

material factory in Indonesia that produces a mixture of solid hydroxides from nickel and cobalt (Mixed Hydroxide Precipitate - MHP) is officially in production in Kawasi, Obi, South Halmahera, North Maluku.

Pabrik Bahan Baku Baterai

Kendaraan Listrik Pertama di

Indonesia Resmi Beroperasi

P

ABRIK bahan baku baterai kendaraan

listrik pertama di Indonesia yang mem-produksi campuran padatan hidroksida dari nikel dan kobalt (Mixed Hydroxide Precipitate - MHP) resmi berproduksi di Kawasi, Obi, Halmahera Selatan, Maluku Utara.

(17)

Daily News Update Page 17 The nickel refining process using the HPAL

hydrometallurgical process has an MHP production capacity of 365 thousand tons per year and is the basic raw material for environmentally friendly electric vehicle batteries.

Harita Group which manages the Obi Island Industrial Estate is a National Strategic Project (PSN), and through Halmahera Persada Lygend has entered the MHP production phase. MHP is an intermediate product of the processing and refining of low grade nickel before further processing into nickel sulfate and cobalt sulfate. Currently Harita is also developing advanced production facilities to produce nickel sulfate and cobalt sulfate, which are the main materials for electric vehicle batteries.

“Halmahera Persada Lygend is a processing and refining facility for low grade nickel ore (Limonite) with hydro-metallurgy technology known as High Pressure Acid Leach (HPAL). HPAL construction started in August 2018 and is ready for commercial production. This is the first HPAL factory in Indonesia,” explained Stevi Thomas as President Commissioner of Halmahera Persada Lygend in his remarks.

The inauguration of factory operations was carried out by the Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan, accompanied by Minister of Home Affairs Tito Karnavian, Minister of Transportation Budi Karya Sumadi, Minister of Investment/Head of Investment Agency Bahlil Lahadalia, Minister of Agrarian and Spatial Planning Sofyan Djalil, Governor of North Maluku KH. Abdul Gani Kasuba, South Halmahera Regent Usman Sidik, and a number of other officials.

Pemurnian nikel dengan proses hidro-metalurgi HPAL ini memiliki kapasitas produksi MHP sebesar 365 ribu ton per tahun dan merupakan bahan baku dasar baterai kendaraan listrik yang ramah lingkungan.

Harita Group yang mengelola Kawasan Industri Pulau Obi merupakan Proyek Strategis Nasional (PSN), dan melalui Halmahera Persada Lygend telah memasuki fase produksi MHP. MHP merupakan produk antara dari proses pengolahan dan pemurnian nikel kadar rendah sebelum diproses lebih lanjut menjadi nikel sulfat dan kobalt sulfat. Saat ini Harita juga sedang mengembangkan fasilitas produksi lanjutan untuk meng-hasilkan nikel sulfat dan kobalt sulfat, yang merupakan material utama baterai kendaraan listrik.

“Halmahera Persada Lygend merupakan fasilitas pengolahan dan pemurnian bijih nikel kadar rendah (Limonite) dengan teknologi hydrometallurgy yang dikenal dengan High Pressure Acid Leach (HPAL). Konstruksi HPAL dimulai pada Agustus 2018 dan siap berproduksi secara komersial. Ini menjadi pabrik HPAL pertama di Indonesia,” jelas Stevi Thomas selaku Komisaris Utama Halmahera Persada Lygend dalam sambutannya. Peresmian operasional pabrik dilakukan oleh Menteri Koordinator Bidang Kemaritiman dan Investasi Luhut Binsar Pandjaitan, didampingi oleh Menteri Dalam Negeri Tito Karnavian, Menteri Perhubungan Budi Karya Sumadi, Menteri Investasi/Kepala Badan Penanaman Modal Bahlil Lahadalia, Menteri Agraria dan Tata Ruang Sofyan Djalil, Gubernur Maluku Utara KH. Abdul Gani Kasuba, Bupati Halmahera Selatan Usman Sidik, serta sejumlah pejabat lainnya.

(18)

Daily News Update Page 18 “We are very proud because we are all

witnesses to the history of the establish-ment of HPAL in Indonesia. Indonesia can prove itself capable. This will be a future downstream development and support the electric vehicle industry. The government will support the development of HPAL in Indonesia. This industry contributes to realizing the ideals of reducing emission levels from the use of fossil fueled vehicles. Nickel refining with HPAL hydrometallur-gical technology produces products that are very useful in reducing emissions, as well as very supportive of mineral conservation, especially nickel. HPAL technology is able to process low grade nickel which has not been processed so far. Now the low grade nickel material in Indonesia has added value and has become a very strategic product.

“We must support this industry together. Halmahera Persada Lygend is the first factory for electric vehicle battery raw materials in Indonesia and will later appear in other regions. No less important, this industry will absorb more than 20 thousand workers later. Regional development will be faster. This is a national asset. We must protect. But the environment must also be

protected,” explained Luhut, who was

accom-panied by the Governor of North Maluku.

The Regent of South Halmahera, Usman Sidik, said that the available resources and the development of the nickel industry in Halsel will help regional development. Usman hopes that the development of this industry will be driven by the acceleration of development and the development of other industries, not only nickel.

Stevi Thomas revealed that the presence of the first low grade nickel refining plant in Indonesia which is also a National Strategic Project (PSN) will be very beneficial for increasing growth and equitable develop-ment in order to improve community welfare and regional development.

“Kita sangat bangga karena kita semua menjadi saksi sejarah berdirinya HPAL di Indonesia. Indonesia bisa membuktikan dirinya mampu. Ini akan menjadi pengembangan hilirisasi ke depan dan mendukung industri kendaraan listrik. Pemerintah akan mendukung pengem-bangan HPAL di Indonesia. Industri ini ikut berkontribusi untuk mewujudkan cita-cita dalam upaya penurunan kadar emisi dari peng-gunaan kendaraan berbahan bakar fosil.

Pemurnian nikel dengan teknologi hidro-metalurgi HPAL menghasilkan produk yang sangat bermanfaat dalam upaya mengurangi emisi, serta sangat mendukung konservasi mineral, khususnya nikel. Teknologi HPAL mampu mengolah nikel kadar rendah yang selama ini tidak diolah. Kini material nikel kadar rendah di Indonesia telah memiliki nilai tambah dan menjadi produk yang sangat strategis.

“Industri ini harus kita dukung bersama. Halmahera Persada Lygend adalah pabrik

pertama bahan baku baterai kendaraan listrik di Indonesia dan nantinya akan muncul di wilayah lainnya. Tidak kalah penting, industri ini akan menyerap lebih dari 20 ribu tenaga kerja nantinya. Pembangunan daerah akan lebih cepat. Ini adalah aset bangsa. Kita harus lindungi. Namun lingkungan juga harus dijaga,” jelas Luhut yang didampingi Gubernur Malut.

Bupati Halmahera Selatan Usman Sidik mengungkapkan dengan sumber daya yang dimiliki, dan berkembangnya industri nikel di Halsel, akan membantu pembangunan daerah. Usman berharap, perkembangan industri ini di dorong dengan percepatan pembangunan dan pengembangan industri lainnya, tidak hanya nikel.

Stevi Thomas mengungkapkan, kehadiran pabrik pemurnian nikel kadar rendah pertama di Indonesia ini yang juga sebagai Proyek Strategis Nasional (PSN) akan sangat bermanfaat untuk peningkatan pertumbuhan dan pemerataan pembangunan dalam rangka meningkatkan kesejahteraan masyarakat dan pembangunan daerah.

(19)

Daily News Update Page 19 The inauguration was marked by the

pressing of the siren button and the signing of the inscription by Minister Luhut. This procession also marks the first export of MHP from Indonesia. After the inauguration, the ministers toured the factory to review the HPAL production process, such as the main control room and other production sections. (*)

Peresmian ditandai dengan penekanan tombol sirine dan penandatangan prasasti oleh Menteri Luhut. Prosesi ini juga menandai ekspor perdana MHP dari Indonesia. Usai peresmian, para menteri berkeliling pabrik meninjau proses produksi HPAL, seperti ruang kontrol utama dan bagian produksi lainnya. (*)

Coal Prices Rise Again, Highest

in 10 Years!

Hidayat Setiaji, CNBC Indonesia

E

XTRAORDINARY. That may be able to

describe the movement of coal prices. Yesterday, the price of coal on the ICE Newcastle (Australia) market was at US$ 128.4/ton. Soared 1.7% and touched the highest point since January 19, 2011 or more than 10 years ago.

Even better, the price of the black stone continues to rise as if tirelessly. In the past week, the price of this commodity rose 4.67% and during the past month it skyrocketed 17.58%.

Apart from China, the demand for coal in Japan and South Korea has also increased. Approaching summer, energy demand increases due to the use of air conditioners. Most of the electrical energy in these countries uses coal plants.

In May 2021, Refinitiv recorded Japan's coal imports of 12.88 million tons. This month, coal imports by the Land of the Rising Sun have reached 13.72 million tons, already higher than the previous month.

Harga Batu Bara Naik Lagi,

Tertinggi dalam 10 Tahun!

Hidayat Setiaji, CNBC Indonesia

L

UAR BIASA. Itu mungkin yang bisa

meng-gambarkan pergerakan harga batu bara. Kemarin, harga batu bara di pasar ICE Newcastle (Australia) berada di US$ 128,4/ton. Melonjak 1,7% dan menyentuh titik tertinggi sejak 19 Januari 2011 atau lebih dari 10 tahun lalu.

Mantapnya lagi, harga si batu hitam terus-menerus naik seolah tanpa kenal lelah. Dalam sepekan terakhir, harga komoditas ini naik 4,67% dan selama sebulan ke belakang meroket 17,58%.

Selain China, ternyata permintaan batu bara di Jepang dan Korea Selatan juga meningkat. Jelang musim panas, kebutuhan energi meningkat karena penggunaan penyejuk ruangan. Energi listrik di negara-negara itu masih banyak yang menggunakan pem-bangkit batu bara.

Pada Mei 2021, Refinitiv mencatat impor batu bara Jepang 12,88 juta ton. Bulan ini, impor batu bara oleh Negeri Matahari Terbit sudah mencapai 13,72 juta ton, sudah lebih tinggi ketimbang bulan sebelumnya.

(20)

Daily News Update Page 20 Meanwhile, South Korea's coal imports in

May 2021 were 9.33 million tons. This month, imports were recorded at 9.18 million tons.

Sementara impor batu bara Korea Selatan pada Mei 2021 adalah 9,33 juta ton. Bulan ini, impor tercatat 9,18 juta ton.

Japan and South Korea Coal Imports (Source: Refinitiv) The trend of rising coal prices is a blessing

for issuers on the Indonesia Stock Exchange. The stock prices of a number of issuers of coal producers jumped sharply. In the last month, the share price of PT Adaro Energy Tbk (ADRO) rose 5.56%. During the same period, the share price of Indo Tambangraya Megah Tbk (ITMG) skyrocketed 10.4% and PT Indika Energy Tbk (INDY) rose 1.14%. CNBC INDONESIA RESEARCH TEAM (aji/aji)

Tren kenaikan harga batu bara menjadi berkah bagi emiten di Bursa Efek Indonesia. Harga saham sejumlah emiten produsen batu bara melonjak tajam.

Dalam sebulan terakhir, harga saham PT Adaro Energy Tbk (ADRO) melesat 5,56%. Selama periode yang sama, harga saham Indo Tambangraya Megah Tbk (ITMG) meroket 10,4% dan PT Indika Energy Tbk (INDY) naik 1,14%. TIM RISET CNBC INDONESIA (aji/aji)

Indonesia drawing plans to restrict nickel pig iron, ferronickel

smelters

Reuters

I

NDONESIA is considering a plan to restrict construction of smelters producing nickel pig

iron or ferronickel in order to optimise use of its limited nickel ore reserves for higher-value products, a senior mining ministry official said on Thursday.

Indonesia is currently the biggest producer of the two crude metals, and a restriction on more smelters coming online could hit Chinese stainless steel producers who are among biggest customers for Indonesia’s relatively cheaper materials.

Restricting construction of new smelters is deemed necessary because of limited reserves of saprolite nickel ore, Ridwan Djamaluddin, a senior official at Energy and Mineral Resources Ministry, told Reuters as the government discussed the plan with a parliamentary committee.

(21)

Daily News Update Page 21 “Based on the input capacity of existing and under construction pyrometallurgical plants, assuming there is no further exploration, if constructions are not limited this high grade nickel ore reserve will only last for less than 20 years,” he said.

The government is keen to develop a full nickel supply chain, including production of nickel sulphate used in electric vehicle batteries, to producing the batteries and assembling electric vehicles.

The planned restrictions on new smelters would not apply to those already under construction, Ridwan added.

Indonesia banned exports of unprocessed ore last year to promote development of a nickel smelting industry.

While many smelters are exporting their nickel pig iron (NPI) and ferronickel (FeNi), not many have moved up the value added chain to process these crude metals into stainless steel, he said.

Southeast Asia’s biggest economy has 16 nickel smelters running, mostly producing NPI and FeNi. In five years, the number is expected to increase to 29, mining ministry data showed. A lawmaker who was the member of the parliamentary committee said smelters needed to be encouraged to move up the chain.

“What needs to be promoted is exports of stainless steel, or at least nickel sulphate, so we can achieve higher value add because the price gap is quite wide,” said Mulyanto, the lawmaker, who goes by one name.

(By Bernadette Christina and Fransiska Nangoy; Editing by Simon Cameron-Moore)

Australia’s iron ore export to China sets another record in May -

report

By Vladimir Basov

T

HE AUSTRALIAN Bureau of Statistics (ABS) reported today that export of domestic goods

in May 2021 increased from the revised April 2021 estimate of $35,414m by $3,794m (11%) to $39,208m.

According to the report, export of metalliferous ores from Australia increased to a record high for the third consecutive month in a row, increasing a further 15% to $19,036m. Iron ore was the main driver of the increase, up $2,506m (18%). The price of iron ore continues to climb, with unit value increasing 9%, while quantity also increased 9% in May, ABS noted.

The increase in export of metalliferous ores to China, Australia’s largest trading partner, was once again driven by iron ore, up $2,087m (20%) to $12,666m. This is the third consecutive record export month for both iron ore and subsequently metalliferous ores, the report found.

(22)

Daily News Update Page 22 The increase in coal export was driven by both hard coking and thermal coal. Coal exports to South Korea increased $120m (28%), and to Taiwan by $93m (35%). The increase in non-ferrous metals was driven by unwrought copper and lead, up $142m and $92m respectively. The increase in lead was driven largely by exports to the United Kingdom, where unwrought lead increased $62m.

According to ABS, May 2021 export from Australia was $10,048m (34%) higher than in May 2020, primarily driven by a significant increase in export of metalliferous ores, which was up $7,353m (63%) compared to the corresponding period of 2020.

China Baowu and Brazil's Vale to invest in Indonesian nickel project

C

HINA Baowu Group, the world's top steelmaker, on Thursday said it would join forces with

Brazilian miner Vale and Shandong Xinhai Technology to make stainless steel raw material nickel pig iron (NPI) in Indonesia.

Baowu subsidiary Taigang Iron and Steel, China's second-biggest stainless steel producer, signed a framework agreement with PT Vale Indonesia (PTVI) and NPI maker Xinhai to jointly operate the Bahodopi nickel processing facility in Morowali on the island of Sulawesi, a Baowu statement said.

Vale will hold 49% in the project, which is expected to produce 73,000 tonnes of NPI per year on a nickel content basis via eight rotary kiln electric furnaces (RKEFs), while China's Baowu and Xinhai will split the remaining 51%.

Indonesia, the world's biggest miner of nickel ore, has already attracted billions of dollars of Chinese investment in its nickel sector. It banned nickel ore exports from the start of 2020 as it sought to process more raw materials at home and develop downstream industry.

NPI can still be exported but Indonesia is considering a plan to restrict construction of NPI smelters to optimise use of its reserves for higher-value products, a senior mining ministry official said on Thursday. Vale, one of the world's top producers of iron ore and nickel, has been active in Indonesia since 1968 through PTVI, which mines nickel ore and makes intermediate product nickel matte.

The Bahodopi project will use electricity from natural gas-fired power stations for the smelting process, Baowu said, adding that carbon emissions would be cut by 60% as a result. "We appreciate that our partners have joined us in our low-carbon agenda, agreeing to switch from coal to gas-fired power," PTVI Chief Executive Febriany Eddy said in a Vale statement. The three companies have agreed that all technical and financial requirements needed to make a final investment decision are to be completed within six months, the Vale statement added.

Neither statement put a value on the project. (Reporting by Tom Daly and Min Zhang; editing by David Evans)

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Bravus breaks first coal milestone at Carmichael

Nickolas Zakharia

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RAVUS Mining and Resources has struck first coal at the Carmichael project in Queensland

with the company on track for its first export later this year.

According to Bravus chief executive officer David Boshoff, the milestone follows more than a decade-long effort to get mining operations up and running at the site.

“Throughout the last two years of construction and during the many years when we fought to secure our approvals, our people have put their hearts and souls into this project – it is wonderful that we have now struck coal,” he said.

“Nearly two years ago today we received our final approvals to develop the Carmichael mine and rail project. We have faced many hurdles along the way, but thanks to the hard work and perseverance of our team, we have now reached the coal seams.”

Bravus will produce 10 million tonnes of thermal coal per annum at the Carmichael mine. India will be considered a “foundation customer” for Carmichael, with the country being the fourth largest electricity user in the world.

“The coal will be sold at index pricing and we will not be engaging in transfer pricing practices, which means that all of our taxes and royalties will be paid here in Australia. India gets the energy they need and Australia gets the jobs and economic benefits in the process,” Boshoff said.

The Carmichael coal mine is located in Queensland’s Galilee Basin with more than $1.5 billion in contracts awarded for the construction of the project.

The project has directly employed more than 2000 people with more than 9000 indirect jobs created.

It is expected to generate billions of dollars for the Queensland government in its first 30 years of operation.

Seaborne CFR China met coal prices hit 10-year high

Author: Jeffery Lu, Editor: James Leech

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EABORNE metallurgical prices, basis CFR China, hit the highest level in a decade on June 24,

with PLV CFR China assessed at $308/mt, the highest since August 2011.

Market participants told S&P Global Platts that combined supply tightness and healthy demand have contributed to the market run-up.

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Daily News Update Page 24 The domestic coking coal supply has tightened, with safety checks and production maintenance taking place ahead of July 1, when China will celebrate the 100th anniversary of the Chinese Communist Party. Domestic prices for low sulfur to fat coal jumped this week, with sources indicating tradeable levels between Yuan 2,200-2,400/mt DDP Tangshan for premium coking coal with low sulfur content.

Platts assessed the CFR China equivalent of Shanxi PLV at $300.53/mt June 23, up $23.44/mt from the week before. The domestic-seaborne price spread stands at $2.47/mt June 23, with the domestic material a cheaper option.

Adding to the supply tightness is the declining Chinese import volume, which is down 43% reported for the first five months of 2020, based on China Customs data. A Chinese trader commented that, "with Australian coals continuing outside of the picture, end users have to compete price for alternative origins like the US and Canada for low-sulfur, low ash materials, which are also in relative tight supply compared to the volume from Australia."

On the demand side, Chinese steel consumption is on an uptrend, with crude steel production up by 14% for the first five months of 2021, according to the World Steel Association. However, the recent trend shows that the steel mill margins are under pressure amid higher input of steel raw materials, including iron ore, coking coal and steel scrap. Based on the Platts data, the Chinese steel mill margins are estimated to be approximately $30/mt for hot rolled coil and -$4/mt for rebar, on June 23.

"The steel price and margins are falling at an alarming rate in China, which should make a bearish argument for the near-term price outlook of steel raw materials, including coking coal," one Chinese trader source said.

Since China's import halt on Australian coal in Q4 2020, the global tradeflow is observed to have shifted, with more North American coals moving to China as Australian materials had to find destination homes outside of China. The top brands observed on CFR China basis, based on the Platts observation, include Blue Creek 7, Oak Grove, Rustic Ridge, Raven, Standard, Leer, Pinnacle, Elkview and Affinity, no of which are Australian brands.

According to Platts data, there were only two encounters where spot prices breached $300/mt CFR China, which were all supply side induced. In 2011, cyclone Yasi severely disrupted the exports of Australian coals. Also, in 2016, China introduced a 276 workday policy to reduce domestic coals' supply glut. In both cases, spot prices did not stay high for long and a period of downward correction ensued.

S&P Global Platts assessed Premium Low Vol up $2/mt to $184/mt FOB Australia, and CFR China was up $5/mt to $308/mt June 24.

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