TABLE OF CONTENTS. No. Title Media Source Page

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Daily News Update Page 1

Meanwhile, specifically for the fourth quarter of 2021, ADRO's coal production reached 13.06 million tons or 3% lower than the same quarter in 2020. The total sales volume of special coal for the fourth quarter of 2021 was recorded at 12.72 million tons or decreased by 6%. yoy. Total overburden removal in 4Q21 was 48.59 Mbcm, down 16% yoy, and the quarterly strip ratio was 3.72x.

Adaro (ADRO) Catat Produksi Batu Bara Turun 3% Jadi 52,7

Juta Ton, Dampak Cuaca?

Thresa Sandra Desfika

P

T ADARO Energy Indonesia Tbk (ADRO) mencatat total produksi batu bara 52,7 juta ton pada tahun 2021 atau setara dengan penurunan 3% year on year (yoy) dari tahun 2020.

Namun, volume produksi batu bara 52,7 juta ton pada tahun 2021 itu masih sesuai target produksi yang ditetapkan 52-54 juta ton. Selain itu, volume penjualan batu bara pada tahun 2021 mencapai 51,58 juta ton yang juga turun 5% yoy.

Corporate Secretary Adaro Energy Indonesia, Mahardika Putranto melalui laporan operasional perseroan menjelas- kan, total pengupasan lapisan penutup tahun 2021 adalah 218,9 million bank cubic meter (Mbcm) atau naik 4% yoy yang menghasilkan nisbah kupas 4,15x untuk tahun 2021.

“Nisbah kupas ini lebih rendah daripada target yang ditetapkan 4,8x karena curah hujan yang di atas rata-rata di sepanjang tahun ini mempengaruhi operasi dan aktivitas pengupasan lapisan penutup,”

jelas dia dalam laporan operasional perseroan dikutip Kamis (24/2).

Sedangkan, khusus kuartal IV-2021, produksi batu bara ADRO mencapai 13,06 juta ton atau 3% lebih rendah daripada kuartal yang sama tahun 2020. Total volume penjualan batu bara khusus kuartal IV-2021 tercatat 12,72 juta ton atau turun 6% yoy. Total pengupasan lapisan penutup pada 4Q21 adalah 48,59 Mbcm, atau turun 16% yoy, dan nisbah kupas kuartal ini mencapai 3,72x.

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Products E4700, E4900, and E4200 accounted for more than three-quarters of coal sales volume this year, supported by solid demand for this type of coal.

Indonesia is ADRO's highest sales destination in 2021, in accordance with the company's commitment to support the fulfillment of domestic coal needs.

The Southeast Asia and East Asia regions occupy the highest positions for ADRO export destinations, each of which accounts for 20%. China accounted for 19% of Adaro Energy's sales in this period in line with the country's increasing demand for Indonesian coal. Editor : Theresa Sandra Desfika

Produk E4700, E4900, dan E4200 meliputi lebih dari tiga per empat volume penjualan batu bara di tahun ini yang ditopang oleh permintaan yang solid untuk batu bara jenis ini. Indonesia merupakan tujuan penjualan tertinggi ADRO pada tahun 2021, sesuai komitmen perusahaan untuk mendukung pemenuhan kebutuhan batu bara dalam negeri.

Wilayah Asia Tenggara dan Asia Timur menduduki posisi tertinggi untuk destinasi ekspor ADRO, yang masing-masing meng- ambil porsi 20%. Tiongkok meliputi 19%

penjualan Adaro Energy di periode ini sejalan dengan peningkatan permintaan negara tersebut terhadap batu bara Indonesia. Editor : Theresa Sandra Desfika

Wow! Indo Tambangraya (ITMG) Net Profit Soars 1.104%

Throughout 2021

Reporter: Akhmad Suryahadi | Editor:

Yudho Winarto

P

T INDO Tambangraya Megah Tbk (ITMG) managed to record a classy performance throughout 2021. The net profit of this coal mining issuer flew up to 1,104.9% to US$

475.57 million in 2021. Whereas in 2020, ITMG only narrowed its net profit of US$

39 .47 million.

As a result, the basic attributable earnings per share rose to US$ 0.43 from the previous US$ 0.04.

Citing the financial report published on the Indonesia Stock Exchange website, Thursday (24/2), ITMG's net profit shot up in line with the soaring revenue. ITMG recorded revenues of...

Wow! Laba bersih Indo Tambangraya (ITMG) Melesat

1.104% Sepanjang 2021

Yudho Winarto

P

T INDO Tambangraya Megah Tbk (ITMG) berhasil mencatatkan kinerja mentereng sepanjang 2021. Laba bersih emiten tambang batubara ini terbang hingga 1.104,9% menjadi US$ 475,57 juta di 2021.

Padahal di tahun 2020, ITMG hanya mengempit laba bersih US$ 39,47 juta.

Alhasil, Laba bersih per saham dasar yang dapat diatribusikan naik menjadi US$ 0,43 dari sebelumnya US$ 0,04.

Mengutip laporan keuangan yang dipubli- kasikan di laman Bursa Efek Indonesia, Kamis (24/2), melesatnya laba bersih ITMG seiring dengan melesatnya pendapatan.

ITMG mencatatkan pendapatan senilai...

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ITMG recorded revenues of US$ 2.07 billion, up 75.18% from revenue in 2020 of US$ 1.18 billion.

In detail, coal sales to third parties dominated ITMG's revenue, which reached US$ 2.01 billion, followed by coal sales to related parties amounting to US$ 54.19 million. ITMG also posted revenues from the fuel segment of US$ 4.1 million and revenues from the service segment of US$

2.52 million.

Based on geographic segment, ITMG's revenue was dominated by sales to Taiwan, China, Hong Kong, and Korea worth US$ 632.38 million, followed by sales to the domestic market worth US$

490.30 million.

Then sales to Southeast Asia (except Indonesia), India and Pakistan were valued at US$ 446.22 million, sales to Japan were US$ 373.95 million, sales to Europe were US$ 125.52 million, and sales to Australia and Oceania US$ 8.42 million.

However, a number of ITMG expenses were also observed to increase. Such as the cost of revenue which rose 17.64 percent to US$ 1.16 billion. Selling expenses also increased 33.71% to US$ 100.41 million.

Likewise, general administrative expenses increased to US$ 24.93 million from the previous US$ 20.14 million in 2020.

ITMG mencatatkan pendapatan senilai US$

2,07 miliar, naik 75,18% dari pendapatan pada 2020 sebesar US$ 1,18 miliar.

Secara rinci, penjualan batubara kepada pihak ketiga mendominasi pendapatan ITMG, yakni mencapai US$ 2,01 miliar, disusul penjualan batubara kepada pihak berelasi sebesar US$ 54,19 juta. ITMG juga membukukan pendapatan dari segmen bahan bakar senilai US$ 4,1 juta dan pendapatan dari segmen jasa senilai US$

2,52 juta.

Berdasarkan segmen geografis, pendapatan ITMG didominasi oleh penjualan ke wilayah Taiwan, China, Hong Kong, dan Korea senilai US$ 632,38 juta, disusul penjualan ke pasar domestic senilai US$

490,30 juta.

Kemudian penjualan ke pasar Asia Tenggara (kecuali Indonesia), India, dan Pakistan senilai US$ 446,22 juta, penjualan ke Jepang sebesar US$ 373,95 juta, penjualan ke wilayah Eropa sebesar US$

125,52 juta, dan penjualan ke Australia dan Oseania US$ 8,42 juta.

Hanya saja, sejumlah beban ITMG juga terpantau naik. Seperti beban pokok pendapatan yang naik 17,64% menjadi US$

1,16 miliar. Beban penjualan juga turut naik 33,71% menjadi US$ 100,41 juta.

Pun demikian dengan beban umum administrasi yang naik menjadi US$ 24,93 juta dari sebelumnya US$ 20,14 juta di 2020.

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Merdeka Copper Gold Profits Drop Slightly In 2021

Market - vap, CNBC Indonesia

M

INING issuer PT Merdeka Copper Gold Tbk (MDKA) scored a solid financial performance in 2021, reflected in the double-digit growth in operating income.

However, net profit is quite stagnant. Profit for the year attributable to owners of the parent company was US$ 36.14 million in 2021, slightly down from US$ 36.2 million in 2020.

The profit in 2021 is equivalent to around Rp. 516.78 billion (assuming an exchange rate of Rp. 14,300/US dollar).

As a result, basic earnings per share also fell slightly to US$ 0.0016 in 2021, from previously US$ 0.0017 in 2020.

Throughout last year, the company managed to reap operating revenues of US$ 380.96 million, up 18.4% compared to US$ 321.86 million in 2020.

Along with the increase in operating income, the cost of revenue also increased.

Cost of revenue was recorded at US$

260.86 million, up 25.6% compared to US$

207.74 million in 2020. (vap/vap)

Laba Merdeka Copper Gold Turun Tipis Pada 2021

Market - vap, CNBC Indonesia

E

MITEN tambang PT Merdeka Copper Gold Tbk (MDKA) mencetak kinerja keuangan yang moncer pada 2021, tercermin dari tumbuhnya pendapatan usaha yang double digit.

Meski demikian, laba bersih terbilang cukup stagnan. Laba tahun berjalan yang dapat diatribusikan kepada pemilik entitas induk sebesar US$ 36,14 juta pada 2021, turun tipis dari US$ 36,2 juta pada 2020.

Perolehan laba pada 2021 tersebut setara dengan sekitar Rp 516,78 miliar (asumsi kurs Rp 14.300/dolar AS).

Akibatnya, laba per saham dasar juga turun tipis menjadi US$ 0,0016 pada 2021, dari sebelumnya US$ 0,0017 pada 2020.

Sepanjang tahun lalu, perseroan berhasil meraup pendapatan usaha sebesar US$

380,96 juta, naik 18,4% dibandingkan dengan US$ 321,86 juta pada 2020.

Seiring naiknya pendapatan usaha, beban pokok pendapatan juga ikut terkerek naik.

Beban pokok pendapatan tercatat US$

260,86 juta, naik 25,6% dibandingkan dengan US$ 207,74 juta pada 2020.

(vap/vap)

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Erick Tohir: BUMN Plays Downstream Role and Attracts

Investment

Author: Faustina Prima Martha

M

INISTER of State-Owned Enterprises (SOE) Erick Thohir said downstream natural resources (NR) would reduce Indonesia's import dependence on foreign products. Therefore, efforts to strengthen the downstreaming of natural resources continue to be strengthened. The existence of downstream natural resources can also open up investment opportunities.

Erick explained that the strategic initiatives carried out by the government through SOEs were to build downstream natural resources in the country. Initiatives that have been carried out include the construction of a smelter, the establishment of the Indonesia Battery Corporation (IBC), and the gasification of coal into Dimethyl Ether (DME).

"Downstreaming of natural resources is very important to realize a more independent Indonesia because it reduces dependence on imported products," he said through his personal Instagram account @erickthohir, on Wednesday (23/02/2022).

Regarding the smelter construction, PT Freeport Indonesia (PTFI) has just built the mining product processing facility. The construction of the Freeport Indonesia smelter, which is the largest in the world, has also been inaugurated by President Joko Widodo (Jokowi). The investment value is IDR 42 trillion which was built in the Gresik Special Economic Zone (SEZ), East Java Province.

Erick Tohir: BUMN Jalankan Peran Hilirisasi dan Tarik

Investasi

Author: Faustina Prima Martha

M

ENTERI Badan Usaha Milik Negara (BUMN) Erick Thohir menyebutkan, hilirisasi sumber daya alam alam (SDA) akan menekan ketergantungan impor Indonesia terhadap produk-produk asing.

Oleh sebab itu, upaya penguatan hilirisasi SDA terus diperkuat. Adanya hilirisasi SDA juga bisa membuka peluang investasi.

Erick memaparkan bahwa inisiatif strategi yang dilakukan pemerintah melalui BUMN untuk membangun hilirisasi SDA di dalam negeri. Inisiatif yang telah dilakukan di antaranya, pembangunan smelter, pem- bentukan Indonesia Battery Corporation (IBC), serta gasifikasi batu bara menjadi Dimethyl Ether (DME).

"Hilirisasi sumber daya alam sangat penting untuk mewujudkan Indonesia yang lebih mandiri karena mengurangi ketergantungan terhadap produk impor,"

katanya melalui akun Instagram pribadi- nya @erickthohir, pada Rabu (23/02/

2022).

Mengenai pembangunan smelter, PT Freeport Indonesia (PTFI) baru saja membangun fasilitas pengolahan hasil tambang tersebut. Pembangunan smelter Freeport Indonesia menjadi yang terbesar di dunia pun sudah diresmikan Presiden Joko Widodo (Jokowi). Adapun nilai investasi sebesar Rp42 triliun yang dibangun di Kawasan Ekonomi Khusus (KEK) Gresik, Provinsi Jawa Timur.

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In this development, PTFI synergized with PT Chiyoda International Indonesia to carry out Engineering, Procurement and Construction (EPC) work in the construction phase.

The smelter construction project is estimated to create employment opportunities for 40,000 workers (cumulatively) recruited through contracting companies.

Where PTFI will also encourage contractor companies to maximize the recruitment of local people to fill certain job fields.

Meanwhile, Indonesia Battery Corporation was inaugurated on Friday, March 26, 2021. Erick Thohir noted that the establishment of this holding was to strengthen the electric vehicle battery industry ecosystem in Indonesia. This industry is designed to be able to compete with developed countries in the world, such as China, the United States (US), and Korea.

With the processing of raw materials, it will increase the value of post-processing products. In this way, Indonesia's profits will also increase. On the other hand, this also has a lasting and related effect.

"In addition to creating added value for products, the multiplier effect will create various other business opportunities. It will bring in investment, absorb large numbers of workers, so that ultimately it will improve people's living standards,"

said Erick. Editor : Kahfi

Pada pembangunan tersebur, PTFI ber- sinergi dengan PT Chiyoda International Indonesia untuk melakukan pekerjaan Engineering, Procurement, dan Cons- truction (EPC) di tahap konstruksi.

Proyek pembangunan smelter ini diperkirakan membuka lapangan pekerjaan 40.000 tenaga kerja (secara kumulatif) yang direkrut melalui perusahaan kontraktor. Di mana PTFI juga akan mendorong perusahaan kontraktor agar memaksimalkan perekrutan masyarakat lokal untuk mengisi bidang-bidang pekerjaan tertentu.

Sementara Indonesia Battery Corporation diresmikan pada Jumat 26 Maret 2021 lalu.

Erick Thohir mencatat, pendirian holding ini untuk penguatan ekosistem industri baterai kendaraan listrik di Indonesia.

Industri ini dirancang agar bisa bersaing dengan negara-negara maju di dunia, seperti China, Amerika Serikat (AS), dan Korea.

Dengan adanya pengolahan bahan mentah, akan meningkatkan nilai produk pasca pengolahan. Dengan begitu, keuntungan yang didapat oleh Indonesia juga meningkat. Di sisi lain ini juga membawa efek yang berkelanjutan dan berkaitan.

"Selain akan menciptakan nilai tambah produk, multiplier effect-nya akan menciptakan berbagai peluang usaha lainnya.

Mendatangkan investasi, menyerap tenaga kerja dalam jumlah besar, sehingga akhirnya meningkatkan taraf hidup masyarakat," tandas Erick. Editor : Kahfi

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United Tractors (UNTR) Heavy Equipment Sales Reach 3,088

Units in 2021

Anna Suci Perwitasari

P

T UNITED Tractors Tbk (UNTR) managed to score a solid performance throughout 2021. This is evident from the sales of UNTR heavy equipment which reached 3,088 units throughout 2021.

Just so you know, this number jumped by 97.44% compared to sales in 2020. In 2020, UNTR sales were only 1,564 units.

This realization has exceeded the target set by UNTR. Previously, this subsidiary of PT Astra International Tbk (ASII) targeted to be able to sell 3,000 units of heavy equipment last year.

Citing the monthly report on the UNTR official website, Wednesday (23/2), Komatsu's market share throughout 2021 is 28%.

In detail, heavy equipment sales are still dominated by the mining segment, where 53% of total heavy equipment sales are channeled to this sector. Followed by sales to the construction sector by 25%, the forestry sector by 12%, and the agribusiness sector by 10%.

Meanwhile, sales of heavy equipment in December 2021 recorded a drastic decline.

UNTR recorded sales of only 138 units.

This number decreased 61.66% from sales in the November 2021 period which reached 360 units. Sales in December were the lowest sales in 2021.

Penjualan Alat Berat United Tractors (UNTR) Capai 3.088

Unit di Tahun 2021

Anna Suci Perwitasari

P

T UNITED Tractors Tbk (UNTR) berhasil mencetak kinerja solid sepanjang 2021. Ini terbukti dari penjualan alat berat UNTR yang capai 3.088 unit di sepanjang 2021.

Asal tahu saja, jumlah tersebut melonjak 97,44% dibandingkan dengan penjualan pada tahun 2020. Di tahun 2020 tersebut, penjualan UNTR hanya 1.564 unit.

Realisasi ini telah melampaui target yang dipasang UNTR. Sebelumnya, anak usaha PT Astra International Tbk (ASII) ini menargetkan mampu menjual 3.000 unit alat berat tahun lalu.

Mengutip laporan bulanan di laman resmi UNTR, Rabu (23/2), pangsa pasar atau market share Komatsu sepanjang 2021 sebesar 28%.

Secara rinci, penjualan alat berat masih didominasi oleh segmen pertambangan, dimana 53% dari total penjualan alat berat disalurkan ke sektor ini. Disusul penjualan ke sektor konstruksi sebesar 25%, sektor kehutanan sebesar 12%, dan sektor agribisnis sebesar 10%

Sementara itu, penjualan alat berat di Desember 2021 tercatat turun drastis.

UNTR mencatatkan penjualan hanya 138 unit. Jumlah ini menurun 61,66% dari penjualan pada periode November 2021 yang mencapai 360 unit. Penjualan di Desember menjadi penjualan terendah sepanjang 2021.

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Cuan.. Cuan.. Cuan! Coal Prices Skyrocketed 18%

Putu Agus Pransuamitra, CNBC Indonesia

I

N JUST 3 days, coal prices managed to reverse the two-week decline. Concerns about supply disruptions from Russia, which is in conflict with Western countries, continue to make coal prices soar for the third day in a row.

Launching Refinitiv data, the price of Ice Newcastle (Australia) coal reference for the March contract shot 5.5% to US$

237.15/ton on Wednesday's trading. In 3 days the total strengthening was almost 18% and was at the highest level since 19 October.

As is known, Russian President Valdimir Putin announced on Monday night local time that he recognized the independence of the two regions that broke away from Ukraine, namely Donestk and Luhansk.

Putin also deployed his troops to the region to "maintain the peace".

The United States (US) later called Russia's action an invasion. US President, Joe Biden, finally imposed sanctions on Russia, as well as other Western countries will do the same.

Putin later said he would "respond with a greater degree" if sanctions were to continue.

Ukraine has even imposed a national emergency status since Wednesday evening local time. Status will be valid from Thursday to 30 days. This situation applies to all regions of Ukraine except Donestk and Luhansk.

Cuan.. Cuan.. Cuan! Harga Batu Bara Meroket 18%

Putu Agus Pransuamitra, CNBC Indonesia

H

ANYA dalam waktu 3 hari harga batu bara sukses membalikkan penurunan selama dua pekan. Kekhawatiran akan gangguan pasokan dari Rusia yang sedang berkonflik dengan negara Barat terus membuat harga batu bara melesat 3 hari beruntun.

Melansir data Refinitiv, harga batu bara acuan Ice Newcastle (Australia) untuk kontrak Maret melesat 5,5% ke US$ 237,15/ton pada perdagangan Rabu kemarin. Dalam 3 hari total penguatannya nyaris 18% dan berada di level tertinggi sejak 19 Oktober lalu.

Seperti diketahui, Presiden Rusia Valdimir Putin pada Senin malam waktu setempat mengumumkan mengakui kemerdekaan dua wilayah yang memisahkan diri dari Ukraina, yakni Donestk dan Luhansk.

Putin juga mengerahkan pasukannya ke wilayah tersebut untuk "menjaga per- damaian".

Amerika Serikat (AS) kemudian menyebut tindakan Rusia tersebut sebagai invasi.

Presiden AS, Joe Biden, akhirnya mem- berikan sanksi ke Rusia, begitu juga Negara Barat lainnya akan melakukan hal yang sama.

Putin kemudian menyatakan "akan me- respon dengan lebih besar" jika sanksi terus diberikan.

Ukraina bahkan sudah memberlakukan status darurat nasional sejak Rabu malam waktu setempat. Status akan berlaku mulai Kamis hingga 30 hari. Keadaan ini berlaku bagi semua wilayah Ukraina kecuali Donestk dan Luhansk.

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Ukraine itself yesterday issued a warning to citizens to immediately leave Russia.

Meanwhile Moscow evacuated its embassy in Kyiv.

Russia is one of the largest coal producers.

Based on Worldometer data, Russia is the 6th largest coal producer in the world.

Moreover, in terms of exports, Russia is in third place in the world after Indonesia and Australia. In 2019, Russian exports reached 217 million tons. Russia's position in the world coal market is also quite strategic because it is a supplier to a number of major countries in Asia.

Coal supply from Russia could be hampered if the conflict between these countries led to war. This makes coal prices continue to climb this week. CNBC INDONESIA RESEARCH TEAM (pap/pap)

Ukraina sendiri kemarin mengeluarkan peringatan ke warga untuk segera me- ninggalkan Rusia. Sementara Moskow meng- evakuasi kedutaan besarnya di Kyiv.

Rusia merupakan salah satu produsen terbesar batu bara. Berdasarkan data Worl- dometer, Rusia merupakan produsen batu bara terbesar ke 6 di dunia.

Apalagi dari sisi ekspor Rusia berada di urutan ketiga dunia setelah Indonesia dan Australia. Pada tahun 2019, ekspor Rusia mencapai 217 juta ton. Posisi Rusia di pasar batu bara dunia pun cukup strategis karena menjadi pemasok sejumlah negara besar di Asia.

Pasokan batu bara dari Rusia bisa terhambat seandainya konflik antar negara tersebut berujung ke perang. Hal ini membuat harga batu bara terus menanjak di pekan ini. TIM RISET CNBC INDONESIA (pap/pap)

Adaro (ADRO) Targets 60 Million Tons of Coal Production in 2022,

Aims for Record Performance

Author: Hafiyyan

A

COAL mining company led by Garibaldi 'Boy' Thohir PT Adaro Energy Indonesia Tbk. (ADRO) targets coal production in 2022 to range from 58 million-60 million tons. Adaro is also eyeing a record for operational Ebitda.

In an official statement on Thursday (24/2/2022), ADRO targets coal production in 2022 to reach 58 million-60 million tons.

This volume increased from the realization of production in 2021 which was 52.7 million tons and sales volume of 51.58 million tons.

Adaro (ADRO) Targetkan Produksi Batu Bara 60 Juta Ton pada 2022, Incar Rekor Kinerja

Author: Hafiyyan

E

MITEN pertambangan batu bara yang dinakhodai Garibaldi 'Boy' Thohir PT Adaro Energy Indonesia Tbk. (ADRO) menargetkan produksi batu bara pada 2022 berkisar 58 juta-60 juta ton. Adaro pun mengincar rekor raihan Ebitda operasional.

Dalam keterangan resminya pada Kamis (24/2/2022), ADRO menargetkan produksi batu bara pada 2022 sejumlah 58 juta-60 juta ton.

Volume itu meningkat dari realisasi produksi pada 2021 sejumlah 52,7 juta ton dan volume penjualan 51,58 juta ton.

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"The volume of coal production in 2021 is on target in the range of 52 million-54 million tons. In 2022, the guideline for coal production is 58 million-60 million tons,"

said Adaro's management.

Along with the increase in coal production, ADRO is also targeting operational Ebitda growth in the range of US$1.9 billion- US$2.2 billion or around Rp27.17 trillion- Rp31.46 trillion.

Previously, in early December 2021, Boy Tjhohir had revised ADRO's operational Ebitda target until the end of 2021 in the range of US$1.75 billion-US$1.9 billion, from the initial target of US$750 million- US$900 million.

Citing company data, at least the operational Ebitda target reached the highest level in the last 10 years. ADRO has recorded an operational Ebitda of US$1.5 billion in 2011 and US$1.4 billion in 2018.

Meanwhile, the strip ratio in 2022 is targeted to reach 4.1 times. The stripping ratio in 2021 reached 4.15 times, below the target set at 4.80 times, due to unfavorable weather factors throughout the year, which affected overburden stripping activity.

ADRO has also allocated a capital expenditure of around US$300 million- US450 million in 2022, or around Rp4.29 trillion-Rp6.43 trillion.

In 2021, Adaro's most sold coal products were E4700, E4900, and E4200 accounting for more than three-fourths of the company's coal sales volume.

Most sales are to Indonesia 28 percent, Southeast Asia 20 percent, East Asia 20 percent, China 19 percent, India 11 percent, and others 2 percent.

"Volume produksi batu bara pada 2021 sesuai target di kisaran 52 juta-54 juta ton.

Pada 2022, panduan produksi batu bara 58 juta-60 juta ton," papar manajemen Adaro.

Seiring dengan peningkatan produksi batu bara, ADRO pun membidik pertumbuhan Ebitda operasional di kisaran US$1,9 miliar-US$2,2 miliar atau sekitar Rp27,17 triliun-Rp31,46 triliun.

Sebelumnya, pada awal Desember 2021, Boy Tjhohir sudah merevisi target Ebitda operasional ADRO sampai akhir 2021 di kisaran US$1,75 miliar-US$1,9 miliar, dari target awal di rentang US$750 juta-US$900 juta.

Mengutip data perusahaan, setidaknya target Ebitda operasional tersebut mencapai level tertinggi dalam 10 tahun terakhir. ADRO pernah mencatatkan Ebitda operasional US$1,5 miliar pada 2011 dan US$1,4 miliar pada 2018.

Sementara itu, nisbah kupas pada 2022 ditargetkan mencapai 4,1 kali. Nisbah kupas tahun 2021 mencapai 4,15 kali, di bawah target yang ditetapkan 4,80 kali, akibat faktor cuaca yang kurang mendukung di sepanjang tahun, yang mempengaruhi aktivitas pengupasan lapisan penutup.

ADRO pun mengalokasikan belanja modal sekitar US$300 juta-US450 juta pada 2022, atau sekitar Rp4,29 triliun-Rp6,43 triliun.

Pada 2021, produk batu bara Adaro yang paling banyak terjual ialah E4700, E4900, dan E4200 meliputi lebih dari tiga per empat volume penjualan batu bara perseroan.

Penjualan paling banyak ke Indonesia 28 persen, Asia Tenggara 20 persen, Asia Timur 20 persen, China 19 persen, India 11 persen, dan lainnya 2 persen.

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In the fourth quarter of 2021, improve- ment in economic activity in several countries thanks to fiscal and monetary stimulus as well as the easing of Covid-19 restrictions, together with supply shortages in the global seaborne market, have caused coal prices to soar.

Coal prices remained strong in Q4/2021, with average Indonesian coal prices of 5000 GAR and 4200 GAR exceeding US$130/ton and US$90/ton, respectively.

Both indices recorded an increase of around 30 percent compared to the third quarter of 2021. The average FOB Newcastle price of 6000 NAR exceeds US$180/ton, an increase of more than US$25/ton from the previous quarter.

In the Chinese market, very low inventories raised fears of an energy crisis earlier this quarter, which led to China's interest in imported coal rising significantly.

The price of subbituminous coal soared to more than US$200/ton on a 5000 GAR basis due to rising Chinese domestic coal prices. The Chinese government's inter- vention which was then enacted reduced domestic prices, as well as demand for imports. Editor : Hafiyyan

Pada kuartal IV/2021, perbaikan kegiatan ekonomi di beberapa negara berkat stimulus fiskal dan moneter serta pelonggaran terhadap pembatasan Covid-19, bersama dengan kekurangan suplai di pasar seaborne global, telah menyebabkan harga batu bara melonjak.

Harga batu bara tetap kuat pada kuartal IV/2021, dengan harga rata-rata batu bara Indonesia 5000 GAR dan 4200 GAR masing- masing melebihi US$130/ton dan US$90/ton.

Kedua indeks mencatat peningkatan sekitar 30 persen dibandingkan dengan kuartal III/2021. Harga rata-rata FOB Newcastle 6000 NAR melebihi US$180/ton, atau naik lebih dari US$25/ton dari kuartal sebelumnya.

Di pasar China, persediaan yang sangat rendah menimbulkan kekuatiran akan krisis energi di awal kuartal ini, yang menyebabkan minat China terhadap batu bara impor naik signifikan.

Harga batu bara subbituminous melonjak tinggi sampai melebihi USS$200/ton untuk basis 5000 GAR akibat naiknya harga batu bara domestik China. Intervensi pemerintah China yang kemudian diberlakukan me- nurunkan harga domestik, juga permintaan terhadap impor. Editor : Hafiyyan

Energy Outlook 2022

The direction of the price of coal will be determined in China &

Ukraine

Arif Gunawan, CNBC Indonesia

W

ORLD coal prices flared up again in early 2022. The ban on Indonesian exports...

Energy Outlook 2022

Arah Harga Batu Bara Bakal Ditentukan di China & Ukraina

Arif Gunawan, CNBC Indonesia

H

ARGA batu bara dunia kembali membara di awal tahun 2022. Larangan ekspor Indonesia...

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The ban on Indonesian exports and tensions between Russia and Ukraine pushed coal prices back to the level of US$

200 per ton. Can coal prices last until the end of 2022?

The fossil energy has recorded an increase of 32.55% throughout 2022 (year-to- date/ytd). On January 3, 2022, the world coal price was at the level of US$ 151/ton.

Furthermore, prices soared, until the end of last week closed at the level of US $ 201 per ton.

In fact, the price of black sand, which is the mainstay of national exports, touched US$

235 per ton. Indonesia's policy of banning coal exports was one of the drivers of coal in January.

Indonesia is currently the largest exporter of thermal coal in the world market, with an export volume of 400 million tons (2020), or equivalent to 40% of the world's exports of this type of coal. Without Indonesia's supply, the availability of coal in the world market would be significantly reduced.

Larangan ekspor Indonesia hingga tensi Rusia dan Ukraina mendorong harga batu bara untuk kembali ke level US$ 200 per ton. Apakah harga batu bara mampu bertahan hingga akhir 2022?

Energi fosil tersebut telah mencatatkan kenaikan sebesar 32,55% sepanjang tahun 2022 (year-to-date/ytd). Pada 3 Januari 2022 harga batu bara dunia berada di level US$

151/ton. Selanjutnya, harga melambung tinggi, hingga akhir pekan lalu ditutup di level US$ 201 per ton.

Bahkan, harga pasir hitam yang menjadi andalan ekspor nasional tersebut sempat menyentuh angka US$ 235 per ton.

Kebijakan larangan ekspor batu bara oleh Indonesia menjadi salah satu pendorong batu bara pada Januari.

Indonesia saat ini adalah eksportir terbesar batu bara thermal di pasar dunia, dengan volume ekspor 400 juta ton (2020), atau setara dengan 40% dari ekspor batu bara jenis ini di dunia. Tanpa pasokan Indonesia, ketersediaan batu bara di pasar dunia tentu berkurang signifikan.

Indonesian Coal Exports (Thousand Tons)

Chart: Hidayat Setiaji, Source: Refinitiv

806.07 1,618.05 2,209.79 1,209.01 2,118.37 1,219.27 883.11 818.39 1,251.08 1,486.31 1,268.04 1,549.42 835.28

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"Indonesia is a big exporter, so it will affect prices. Everything will depend on when the situation can return to normal," said Kazuhiro Ikebe, chairman of the Japan Power Generation Federation (FEPC), as quoted by Reuters.

High tensions between Russia and Ukraine continue to push coal prices higher. This is because the heat tension in Eastern Europe made the price of oil soar so that it spread to coal, which is also a fossil energy.

However, this sentiment was only momen- tary. After Indonesian exports reopened and tensions eased, coal prices began to fall. By the end of 2022, world coal prices are predicted not to be as high as last year's due to the balance of production and demand.

Referring to a Reuters poll, the world thermal coal price in 2022 is estimated at US$ 133.38/ton. The first quarter of 2022 will be the peak of coal prices with an estimate of US$ 200/ton. After that, the price is predicted to decline until the end of 2022.

Coal production this year is predicted to touch a record high of 8.1 billion tons or a new high after 2014's production of 8 billion tons. The two largest coal producers in the world, China and Indonesia, are predicted to be compact in increasing the amount of production.

In Indonesia, coal production in 2022 is targeted to reach 663 million tons, up 7.9%

from the 2021 achievement of 614 million tons. The high production will offset the demand side which is expected to grow due to the economic recovery.

China's Electricity Crisis Triggered

It is the International Energy Agency (IEA) that estimates coal demand will surpass the 2013 record by 2022 at the level of 8 million tonnes per year. The increase was driven by...

"Indonesia adalah eksportir besar, sehingga akan mempengaruhi harga. Semua akan ter- gantung kapan situasi bisa normal kembali,"

kata Kazuhiro Ikebe, Ketua Federasi Pem- bangkit Listrik Jepang (FEPC), seperti dikutip Reuters.

Tensi tinggi antara Rusia dan Ukraina terus mendorong harga batu bara lebih tinggi. Ini karena tensi panas di Eropa Timur membuat harga minyak melonjak sehingga menular ke batu bara yang juga merupakan energi fosil.

Akan tetapi, sentimen tersebut hanya bersifat sesaat. Setelah ekspor Indonesia kembali dibuka dan ketegangan mereda, harga batu bara mulai turun. Pada akhir 2022 harga batu bara dunia diprediksi tidak setinggi tahun lalu karena tingkat produksi dan permintaan yang mulai imbang.

Mengacu pada polling Reuters, harga batu bara thermal dunia pada 2022 diperkirakan di angka US$ 133,38/ton. Kuartal I-2022 akan jadi puncak harga batu bara dengan perkiraan di level US$ 200/ton. Setelah itu, harga diprediksi melandai hingga akhir 2022.

Produksi batu bara sepanjang tahun ini diprediksi menyentuh rekor tertinggi di 8,1 miliar ton atau rekor tertinggi baru setelah produksi 2014 di level 8 miliar ton. Dua produsen batu bara terbesar di dunia, China dan Indonesia, diprediksi kompak menaikkan jumlah produksi.

Di Indonesia, produksi batu bara 2022 ditargetkan mencapai 663 juta ton, naik 7,9%

dari pencapaian 2021 sebesar 614 juta ton.

Tingginya produksi akan mengimbangi sisi permintaan yang diperkirakan bertumbuh akibat pemulihan ekonomi.

Krisis Listrik China Jadi Pemicu

Adalah International Energy Agency (IEA) yang memperkirakan permintaan batu bara akan melampaui rekor 2013 pada tahun 2022 di level 8 juta ton per tahun. Peningkatan tersebut didorong oleh...

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The increase was driven by India up 129 million tons and Southeast Asian countries soaring 50 million tons.

The trend of economic recovery from the pandemic crisis has triggered economic growth in these areas, thereby driving higher electricity demand. So far, coal (thermal) has become the main support for power generation, especially in Indonesia.

Fitch Solution estimates that thermal coal production in 2022 will be 3.98 billion tons, or an increase of 2.79% compared to 2021. This amount of production cannot be separated from the electricity crisis in 2021 in China which forced miners to optimize their production.

The world's largest producer and consumer of coal mined 384.67 million tonnes of coal last month, surpassing the previous record in November of 370.84 million tonnes. Miners were ordered to work at maximum capacity stabilizing prices.

Official government figures show China's coal production is also a record high in a full year. China's coal production in 2021 is at an all-time high of 4.07 billion tonnes, up 4.7% on the previous year.

This figure represents the total amount of coal (both coke and thermal), which is equivalent to 50% of world production.

Ironically, this record was created just a few weeks after world leaders gathered in Glasgow, England to discuss climate change.

However, China is also the trigger for the bad news surrounding the outlook for world coal. The reason is, the Panda Country is targeting new and renewable energy (EBT) to contribute 50% of China's total power generation capacity by the end of 2022.

Peningkatan tersebut didorong oleh India naik 129 juta ton dan negara-negara Asia Tenggara melonjak 50 juta ton.

Tren pemulihan ekonomi dari krisis pandemi memicu pertumbuhan ekonomi di kawasan- kawasan tersebut sehingga mendorong permintaan listrik yang lebih tinggi. Sejauh ini, batu bara (thermal) menjadi penopang utama pembangkit listrik, khususnya di Indonesia.

Fitch Solution memperkirakan produksi batu bara thermal pada 2022 sebesar 3,98 miliar ton, atau naik 2,79% dibandingkan tahun 2021. Jumlah produksi ini tak lepas dari krisis listrik pada 2021 di China yang memaksa penambang mengoptimalkan pro- duksinya.

Produsen sekaligus konsumen batu bara terbesar di dunia tersebut menambang 384,67 juta ton batu bara bulan lalu, melampaui rekor sebelumnya pada November yang mencapai 370,84 juta ton. Para penambang diperintahkan bekerja dengan kapasitas maksimum menstabilkan harga.

Angka resmi pemerintah menunjukkan bahwa produksi batu bara China tersebut juga merupakan rekor tertinggi dalam setahun penuh. Produksi batu bara China tahun 2021 berada di level tertinggi sepanjang masa sebesar 4,07 miliar ton, naik 4,7% pada tahun sebelumnya.

Angka itu merupakan jumlah total batu bara (baik kokas maupun thermal), yang setara dengan 50% produksi dunia. Ironisnya, rekor ini tercipta hanya selang beberapa pekan setelah pemimpin dunia berkumpul di Glasgow, Inggris membahas perubahan iklim.

Akan tetapi, China juga yang menjadi pemicu kabar buruk seputar outlook batu bara dunia. Pasalnya, Negeri Panda ini menargetkan energi baru terbarukan (EBT) bakal menyumbang 50% dari total kapasitas pembangkit listrik China pada akhir 2022.

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The estimate was submitted by the China Electricity Council (CEC), quoted by Reuters, Friday (28/01/2022). If this happens, it means that for the first time non-fossil energy can match the fossil energy mix of China's power plants, and become a bad sentiment for coal prices.

China, the world's largest coal consumer, is expected to add new power plants based on non-fossil energy with a total capacity of 180 Gigawatts (GW) during 2022. Thus, the total capacity of non-fossil power plants in the Bamboo Curtain country will be 1,300 GW, according to the China Electricity Council.

The total capacity of NRE-based power plants in China also reaches half of the country's total power generation capacity, which is targeted to reach 2,600 GW by the end of 2022. A total of 1,140 GW of them are from coal-fired power plants. CNBC INDONESIA RESEARCH TEAM (ags/ags)

Perkiraan tersebut disampaikan oleh Dewan Kelistrikan China (China Electricity Council/CEC), dikutip dari Reuters, Jumat (28/01/2022). Bila ini terjadi, artinya untuk kali pertama energi non fosil bisa menyamai bauran energi fosil pembangkit listrik China, dan menjadi sentimen buruk bagi harga batu bara.

China, konsumen batu bara terbesar dunia, diperkirakan menambah pembangkit listrik baru berbasis energi non fosil dengan total kapasitas 180 Gigawatt (GW) selama 2022. Dengan demikian, total kapasitas pembangkit listrik non fosil di Negeri Tirai Bambu ini menjadi 1.300 GW, berdasarkan China Electricity Council.

Total kapasitas pembangkit listrik berbasis EBT di China pun mencapai separuh dari total kapasitas pembangkit listrik di negara itu yang ditargetkan mencapai 2.600 GW pada akhir 2022. Sebanyak 1.140 GW di antaranya dari Pembangkit Listrik Tenaga Uap (PLTU) batu bara. TIM RISET CNBC INDONESIA (ags/ags)

RCT continues to support PT Freeport Indonesia on technology journey

Posted by Daniel Gleeson

P

T FREEPORT Indonesia has successfully operated one of the largest mining operations in Indonesia for decades thanks to its ability to embrace technology solutions to enhance its mining operations, smart technology specialist and Freeport supplier RCT says.

Freeport runs copper, gold and silver mines across five separate underground and surface operations in the highlands area of West Papua in Indonesia.

For over 30 years Freeport has enlisted the services of RCT to achieve its goals of making mining operations safer for workers and to optimise operations.

In the early 1990s, Freeport implemented RCT’s ControlMaster® remote control solutions across its mixed Sandvik and Wagner production mining fleet operating in the DOZ underground mine and the Grasberg open pit.

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ControlMaster was the ideal solution for Freeport’s mixed mining fleet due to its ability to integrate with any machine type and grant the user effective control of the machine from a safe vantage point, according to RCT.

This has seen RCT go from supplying ControlMaster remote solutions, to performing full machine rewiring projects on-site across the underground LHD fleet. It also included deploying the ControlMaster remote control technology across the surface mining fleet, including Cat D11 and D10R dozers, and installing teleremote technology onto a Cat 994 wheel loader within the open-pit mine.

RCT has also previously commissioned ControlMaster Line-of-Sight remotes onto a variety of surface drills, including a Commando drill and Cubex drill rigs as well as a fixed position rockbreaker.

Over the years Freeport’s technology requirements have evolved and every time RCT has supplied technology in-line with changing expectations, from providing analogue communications equipment through to more current digital networks, RCT said.

At present, RCT is providing bespoke technology solutions to Freeport’s entire fleet of specialised equipment.

RCT Account Manager, Shane Smith, said the local environment presents many unique challenges and Freeport is determined to address these issues with technology, and mine in a safe way.

“Due to hazardous conditions in the underground mines, such as wet muck rushes, Freeport sought to automate water cannon trucks, mobile rockbreakers and other highly specialised equipment,” he said. “Global OEMs were not able to deliver technology to meet Freeport’s standards and so we customised our own technology to create a solution that suits their specific applications. This has been so successful that Freeport now instructs global OEMs that their machines must have an RCT solution fitted at a factory level.”

He added: “The current working relationship between Freeport and RCT is built on the foundations of many years of hard work in delivering effective automation solutions and supporting that technology.”

In 2015, Freeport asked for a RCT specialist to be deployed permanently on-site to provide a high level of support for the extensive range of automation solutions implemented across the mines.

These solutions include deploying the ControlMaster semi-autonomous technology on Cat R1700 and R2900 loaders, which can be managed by operators in Freeport’s central Remote Operation Room (ROR) on the mine’s surface.

Other projects include automating 24 chute systems spread across the Big Gossan, DOZ and DMLZ mines and relocating the chute operator from the gantry to the ROR.

Freeport has also implemented RCT’s Haul Truck Operator Assist technology to optimise underground truck loading operations.

Most recently, RCT commissioned a secondary breakage fleet at Big Gossan, including Getman and Elphinstone water cannon trucks, mobile rockbreakers and Cat skid steers. The mobile rockbreakers have been commissioned with RCT’s autonomous ControlMaster technology and enables personnel to manage machine operations from the safety of the ROR.

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Smith said going forward the team will enhance the Multi Fleet Select capability, which will enable site personnel to operate multiple machine types from one Automation Centre on the mine’s surface.

“We will soon have nine new Automation Centres located in Freeport’s ROR and we will fully support local personnel in the ramping up of their autonomous fleet operations,” he said.

“Freeport is at the forefront of embracing technology to enhance their mining operations and we are very pleased to support them in this journey.”

Gold price moves past $1,900 as tensions mount in Ukraine

MINING.COM Staff Writer

G

OLD prices rose above the key $1,900 an ounce level on Wednesday as tensions continue to mount in Ukraine following reports that several government and bank websites were hit by cyberattacks.

Spot gold rose 0.5% to $1,908.08 per ounce by 11:45 a.m. ET, its highest level since the end of May 2021. US gold futures held their ground, moving 0.1% higher to trade at $1,909.90 per ounce.

Early in day, Ukraine moved toward declaring a nationwide state of emergency following Moscow’s recognition of two breakaway regions, as Russia President Vladimir Putin said he remains open to “diplomatic solutions” so long as his nation’s interests and security are guaranteed.

Bullion is trading near the highest in over eight months after rallying on the simmering geopolitical tensions. It has attracted renewed interest from investors in exchange-traded funds and hedge funds trading the Comex, which both spent much of 2021 on the sidelines.

Palladium gains

Meanwhile, palladium gained 3.6% amid fears of supply concerns from Russia, the top producer. Last year, Russia produced 2.6 million ounces of palladium, representing 40% of global mine production.

The metal used in catalytic converters has seen its price soar since January, coinciding with the geopolitical tensions in the region. At $2,441.22 an ounce, palladium is trading near its highest in six months.

While it was “still too early” to tell if supply issues would materialize, “if we see a set of sanctions that reduce financing and free flow of the material to the rest of the world, we could see a significant tightening of conditions for palladium probably in the not too distant future,”

Bart Melek, head of commodity strategies at TD Securities, told Reuters.

Platinum group metals could see a “pretty significant rally” with palladium likely to reach record highs seen last year over $3,000 an ounce, Melek added. (With files from Bloomberg and Reuters)

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Thiess introduces Liebherr T 264s at Encuentro

Published by Jessica Casey, Editorial Assistant

T

HIESS has introduced five new electric drive Liebherr T 264s, with their distinctive Thiess- blue trays, at Encuentro in Chile.

The trucks expand Thiess’ 240-t fleet range to deliver clients productivity and efficiency gains by allowing faster cycle times and higher load capacity.

Thiess Executive General Manager Americas, Darrell White, said the arrival of the highly efficient T 264 trucks was a first in Chile and demonstrated Thiess’ investment in sustainable mining practices and delivering clients optimised solutions.

They also support our efforts to service our clients with sustainable solutions while operating reliable, safe and productive operations.

“The blue trays make a real statement about our team – they’re a first in Chile and they symbolise the unique service offer our team brings to the industry.”

Metso Outotec calcination plant to help Hekimhan Madencilik hit siderite production goals

Posted by Daniel Gleeson

M

ETSO Outotec has signed an agreement for the delivery of a siderite calcination plant to Hekimhan Madencilik, a subsidiary of Koloğlu Holding, located in Malatya, Turkey.

The value of the order is approximately €23 million ($26 million), and it has been booked in the company’s Metals’ Q1/2022 orders received.

Metso Outotec’s scope of delivery consists of system design, equipment engineering, manufacturing and supply, and advisory services for the installation of the plant with an annual capacity of 600,000 t of calcined siderite. The key components of the system include a rotary kiln, cooler, and heat recovery and gas cleaning equipment. The plant start-up is expected in the second half of 2023.

“Our solution will enable Hekimhan Madencilik to achieve their production goals,” Attaul Ahmad, Vice President of the Ferrous & Heat Transfer business line at Metso Outotec, said. “It was through our strong customer relationship and familiarity with Hekimhan’s processes that we were able to introduce the Metso Outotec Rotary Calcining system and Heat Transfer experts to develop an optimal equipment and system solution for the client.”

Metso Outotec has previously supported the client with improvements to the operation of its existing calcining line.

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Metso Outotec says it is a leading supplier of calcining systems with an installed base of over 1,500 rotary kilns, with its technology providing dependable process performance with an emphasis on optimising fuel efficiency and minimal emissions.

Chinese demand to lift aluminium price: Fitch

Michael Philipps

A

LUMINIUM prices are predicted to maintain their momentum with an average of around US$3000 ($4150) per tonne (t) throughout 2022, according to Fitch Solutions.

The credit rating agency previously predicted the metal would average around $US2300/t before a price rally in the past six months led to revised predictions of $US3000/t in 2022 and

$US2800/t in 2023.

“In February 2022, three-month aluminium futures reached record highs of over USD3,200/t on the LME (London Metals Exchange), with the recent surge due principally to high energy prices, historically low aluminium stocks, and a lockdown in the Chinese aluminium- producing city of Baise,” Fitch stated.

“While we do not expect prices to maintain their current levels, they will continue to receive support on the demand side from Chinese stimulus spending, and on the supply side from high input costs and supply chain issues over 2022.

“Going forward, we expect aluminium prices to remain elevated in the coming years, as demand is supported by the accelerating shift to a green economy. We also note that rising demand for low-carbon aluminium presents a future risk to aluminium pricing.”

Fitch expected a rise in demand from China in 2022, as it anticipates the government will introduce some stimulus in response to weakening economic growth prospects driven by a weaker real estate sector and strict COVID-related lockdowns.

“The Chinese government announced on January 25 that Beijing will set a reasonable annual quota for local government bonds to boost infrastructure investment in 2022, which will be very supportive for aluminium demand,” Fitch stated.

In June last year, Rio Tinto and the Australian Renewable Energy Agency (ARENA) partnered to investigate processing with hydrogen instead of natural gas at the Yarwun alumina refinery in Gladstone, Queensland.

Using a $579,786 grant from the federal government – which runs ARENA – the project aims to reduce emissions across the supply chain.

ARENA chief executive officer Darren Miller said this presented a step-change opportunity in metals processing.

“If we can replace fossil fuels with clean hydrogen in the refining process for alumina, this will reduce emissions in the energy and emissions intensive refining stage of the aluminium supply chain,” Miller said.

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“Exploring these new clean-energy technologies and methods is a crucial step towards producing green aluminium.”

Russia ready for massive increase of coal exports to China

Published by Simon Matthis

R

USSIA is in talks with China to more than double its coal exports to 100 million tons over the next five years, according to recent statements, made by representatives of both sides.

If everything goes ahead, China will become Russia's main coal partner: as at present the overall coal exports are estimated at 214 million tons.. Last year, Russia also reached an agreement with India to increase exports of coking coal up to 40 million tons. Still, according to experts, implementation of these ambitious plants may be hampered by transport problems: low capacity of border crossings and traffic jams at the entrances to ports.

In 2021, Russia exported 214 million tons of coal of which 129 million tonnes were supplied to the Asia-Pacific region. Last year, supplies to China grew by 38% to 53 million tons. It is expected by 2035 all coal exports to the Asia-Pacific region will grow by 78% compared to 2021.

After this exports will begin to decline, and in 2050 the increase to 2021 will be only 57%. At the same time the Ministry of Energy expects to reduce exports of Russian coal to the Atlantic region by 34% by 2030, compared to 2021, and by 59% by 2050. By: Eugene Gerden

China's daily output of coal rebounds to over 12 million tonnes

C

HINA's coal output returned to more than 12 million tonnes per day as of Feb 20, the country's state planner said on Monday, a level equal to the average daily production of the fourth quarter of last year.

Daily coal output in January and early February was affected by the Chinese New Year holiday. The National Development and Reform Commission (NRDC) did not give a figure for January output.

Production and supply of coal in China's main production areas of Shanxi, Shaanxi and Inner Mongolia are expected to stabilise as the weather warms up, the NDRC said in its official Wechat account.

Authorities have ordered coal miners to run at maximum capacity to tame red-hot coal prices and prevent a recurrence of September's nationwide power crunch that disrupted industrial operations and added to factory gate inflation. Source: Reuters

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Ivanhoe says Kamoa to be the world's fourth largest copper producer by 2023 as it ready to expand capacity

By Vladimir Basov

I

VANHOE Mines (TSX: IVN) said today that Kamoa Copper has approved a de-bottlenecking plan for the Kamoa-Kakula copper mine in DRC to increase the combined design processing capacity of the Phase 1 and Phase 2 concentrator plants by approximately 21%.

The company added that processing capacity at Kamoa-Kakula will be increased to 9.2 million tonnes of ore per year (Mtpa), up from 7.6 Mtpa, once steady-state production is achieved at both concentrators.

Importantly, Ivanhoe pointed out that copper production from the first Kamoa Copper's two phases projected to exceed 450,000 tonnes per year by Q2 2023, positioning Kamoa Copper as the world's fourth largest copper producer.

The company said that construction of Kamoa-Kakula's Phase 2 concentrator almost complete with early-stage commissioning activities underway, and that first concentrate production expected in April 2022.

Moreover, engineering and early works for the Phase 3 expansion progressing quickly, with a third, significantly larger concentrator expected to be commissioned in Q4 2024, Ivanhoe added.

As announced earlier this year, the 2022 production guidance for the Kamoa-Kakula Copper Complex is between 290,000 to 340,000 tonnes of copper in concentrate.

Kamoa-Kakula is the world's fastest growing major copper mine. Kamoa-Kakula began operations in May 2021 and produced approximately 106,000 tonnes of copper in concentrate in 2021.

The company indicated that based on independent benchmarking, the project's phased expansion scenario to 19 Mtpa would position Kamoa-Kakula as the world's second-largest copper mining complex, with peak annual copper production of more than 800,000 tonnes.

The Kamoa-Kakula Copper Project is a joint venture between Ivanhoe Mines (39.6%), Zijin Mining Group (39.6%), Crystal River Global Limited (0.8%) and the Government of the Democratic Republic of Congo (20%).

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