TABLE OF CONTENTS. No. Title Media Source Page

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Daily News Update Page 1

Nickel Prices on the LME Exchange Freefall in March 2021 Harga Nikel di Bursa LME Terjun Bebas pada Maret 2021 Silkroad to supply 2.7 mln T Indonesian nickel ore to China's Tsingshan Bisnis Kontan Dunia Energi Kontan Bisnis CNN Indonesia IDX Channel Investor Daily CNBC Indonesia Bisnis Dunia Tambang Kitco News 3 4 5 9 11 12 14 15 18 20 21 23

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Daily News Update Page 2 13. 14. 15. 16. 17.

Metso Outotec introduces Planet Positive

China’s copper imports likely to rise, may not be bullish signal: Russell

Vale, Anglo American underline ESG issues as copper demand soars

Condor Gold accelerates La India development with Metso Outotec SAG mill acquisition

Report: Asian electricity projects could drive coal to $1.5T global market by 2025

Global Mining Review

Mining.com Mining Weekly Int'l Mining Power Engineering 23 24 26 27 29

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PTBA, TINS, and ANTM Have

Opportunity to Recover

Performance in 2021

Author: Finna U. Ulfah

THE PERFORMANCE

of the three

state-owned mining companies is believed to gradually recover this year, supported by the rising trend in commodity prices and the prospect of economic recovery.

Equity Research Analyst NH Korindo Sekuritas Maryoki Pajri Alhusnah said that in general the performance of the three state-owned mining companies, PT Aneka Tambang Tbk. (ANTM), PT Timah Tbk. (TINS), and PT Bukit Asam Tbk. (PTBA) will slowly improve.

This is supported by the assumption that the economic recovery will run smoothly after experiencing pressure last year due to the Covid-19 pandemic.

"In addition, commodity prices that are much higher than 2020 will also support the performance of these companies," said Maryoki to Bisnis, Monday (15/3/2021). Based on data compiled by Bisnis, the trio of state-owned mining issuers, compactly scored a decline in revenue in 2020.

Among the three issuers, only ANTM managed to record impressive bottom line growth, which skyrocketed 492.91 percent to Rp1.14 trillion.

Meanwhile, PTBA posted a 41.17 percent decline in profit to Rp 2.38 trillion and TINS still posted a net loss of Rp 340.59 billion.

Meanwhile, Maryoki explained that the decline in the performance of the three issuers was due to the Covid-19 pandemic which hampered the production process.

PTBA, TINS, dan ANTM

Berpeluang Pulihkan Kinerja

pada 2021

KINERJA

tiga emiten BUMN tambang

diyakini dapat berangsur pulih pada tahun ini didukung tren kenaikan harga komoditas dan prospek pemulihan ekonomi.

Equity Research Analyst NH Korindo Sekuritas Maryoki Pajri Alhusnah mengata-kan bahwa secara umum kinerja tiga emiten BUMN tambang, PT Aneka Tambang Tbk. (ANTM), PT Timah Tbk. (TINS), dan PT Bukit Asam Tbk. (PTBA) akan perlahan membaik. Hal itu didukung dengan asumsi pemulihan ekonomi berjalan dengan lancar setelah mengalami tekanan pada tahun lalu akibat pandemi Covid-19.

“Selain itu, harga-harga komoditas yang jauh lebih tinggi daripada 2020 juga akan menjadi pendukung dari kinerja emiten-emiten tersebut,” ujar Maryoki kepada Bisnis, Senin (15/3/2021).

Berdasarkan data yang dihimpun Bisnis, trio emiten pertambangan pelat merah, kompak mencetak penurunan pendapatan pada 2020.

Di antara ketiga emiten itu, hanya ANTM yang berhasil mencetak pertumbuhan bottom line impresif, yaitu melejit 492,91 persen menjadi Rp1,14 triliun.

Sementara itu, PTBA mencetak penurunan laba 41,17 persen menjadi Rp2,38 triliun dan TINS masih membukukan rugi bersih sebesar Rp340,59 miliar.

Adapun, Maryoki menjelaskan bahwa penurunan kinerja ketiga emiten tersebut disebabkan pandemi Covid-19 sehingga

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Daily News Update Page 4 Then, the average selling price (ASP) of

several commodities also decreased, thus depressing margins.

However, he explained that for ANTM, the increase in the bottom line had succeeded in growing, supported by reduced company expenses, such as COGS and selling expenses which had decreased significantly when compared to 2019. Among the three shares of the state-owned mining company, Maryoki recommended selling for ANTM with a target price of Rp1,480, considering that ANTM's share price is considered too high.

Meanwhile, Maryoki recommended over-weight for PTBA with a target price of Rp3,030. Editor: Aprianto Cahyo Nugroho

Kemudian, average selling price (ASP) beberapa komoditas juga menurun sehingga menekan margin.

Namun, dia menjelaskan untuk ANTM peningkatan bottom linenya berhasil tumbuh didukung beban perusahaan yang berkurang, seperti COGS dan selling expense yang turun cukup signifikan jika dibandingkan dengan 2019.

Di antara ketiga saham emiten BUMN tambang itu, Maryoki merekomendasikan jual untuk ANTM dengan target harga Rp1.480, mengingat harga saham ANTM dinilai sudah terlalu tinggi.

Sementara itu, Maryoki merekomendasi-kan overweight untuk PTBA dengan target harga Rp3.030. Editor : Aprianto Cahyo Nugroho

This is the cause of decreased

Timah (TINS) export sales

Reporter: Sugeng Adji Soenarso | Editor:

Tendi Mahadi

PT TIMAH

Tbk recorded a decline in export

sales over the past year. It is noted that the export market contributed Rp. 14.26 trillion, down 22.6% from export sales in 2019 which reached Rp. 18.4 trillion.

Timah's Finance Director, Wibisono, explained the factors that caused this from the Covid-19 pandemic. "Due to the pandemic and lockdown, the industrial scale has decreased so that prices have dropped," he explained to Kontan.co.id, Monday (15/3).

He explained, for the export market, his party made deliveries to 3 continents, namely Asia, Europe and America.

Penjualan ekspor Timah (TINS)

turun, ini penyebabnya

Reporter: Sugeng Adji Soenarso | Editor:

Tendi Mahadi

PT TIMAH

Tbk catatkan penurunan

pen-jualan ekspor sepanjang tahun lalu. Tercatat pasar ekspor menyumbang Rp 14,26 triliun, turun 22,6% dari penjualan ekspor di 2019 yang mencapai Rp 18,4 triliun.

Direktur Keuangan Timah, Wibisono men-jelaskan faktor yang menyebabkan hal tersebut dari pandemi Covid-19. "Karena adanya pandemi dan lockdown menyebab-kan skala industri turun sehingga harga turun," jelasnya kepada kontan.co.id, Senin (15/3).

Ia menjelaskan, untuk pasar ekspor pihak-nya melakukan pengiriman ke 3 benua, yaitu Asia, Eropa dan Amerika.

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Daily News Update Page 5 The shipments in Asia include Taiwan,

South Korea, Japan, India, Vietnam and the Philippines. Meanwhile, the European market includes Hungary, Germany, the Netherlands, Spain, France, Italy, Switzer-land and Austria. Then, America includes the United States and Canada.

"Of the three, Asia is the main revenue contributor with 68 percent, Europe 16 percent and America 14 percent," he said. Despite falling export market revenues, the issuer coded as TINS shares managed to record a domestic sales growth of 1.92% to Rp 951.35 billion. He explained that the increase was driven by downstream metal products.

"Domestic sales are driven by our subsidiary, Timah Industri, which sells in the form of solder," he said. Although starting to grow, his party projects that the percentage of export and domestic contributions will not change, namely 98% and 2%.

Throughout this year, TINS is targeting tin sales of at least 31 thousand tons. Meanwhile, from the production side, the company targets tin ore production volume to reach 30,000 this year, and metal production to reach 34,000 tons.

Adapun pengiriman di Asia meliputi Taiwan, Korea Selatan, Jepang, India, Vietnam, dan Filipina. Sementara, pasar Eropa meliputi Hungaria, Jerman, Belanda, Spanyol, Prancis, Italia, Swiss, dan Austria. Kemudian, Amerika meliputi Amerika Serikat dan Kanada.

"Dari ketiganya, Asia menjadi kontributor utama pendapatan dengan menyumbang 68%, Eropa 16% dan Amerika 14%," tuturnya.

Kendati pendapatan pasar ekspor turun, emiten berkode saham TINS ini berhasil mencatatkan pertumbuhan penjualan di dalam negeri sebesar 1,92% menjadi Rp 951,35 miliar. Ia menjelaskan peningkatan tersebut didorong dari hilirisasi produk timah logam.

"Penjualan domestik didorong dari anak usaha kami, Timah Industri yang menjual dalam bentuk solder," sebutnya. Kendati mulai membesar, pihaknya memproyeksikan prosentase kontribusi ekspor dan dalam negeri belum akan berubah yaitu 98% dan 2%.

Sepanjang tahun ini, TINS menargetkan penjualan timah paling sedikit 31 ribu ton. Sementara, dari sisi produksi perusahaan menargetkan volume produksi bijih timah tahun ini sebesar 30.000, produksi logam sebanyak 34.000 ton.

FABA from Coal Burning Must

Be Managed

Yurika

THE MINISTRY

of Environment and

Forestry (LHK) states that the manage-ment of Fly Ash and Bottom Ash (FABA), as B3 and non-B3 waste which has been regulated in Government Regulation (PP) Number 22 of 2021 concerning...

FABA Hasil Pembakaran Batu

Bara Wajib Dikelola

Yurika

KEMENTERIAN

Lingkungan Hidup dan

Kehutanan (LHK) menyatakan pengelolaan Fly Ash dan Bottom Ash (FABA), sebagai limbah B3 dan limbah nonB3 yang telah diatur dalam Peraturan Pemerintah (PP) Nomor 22 Tahun 2021 tentang...

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Daily News Update Page 6 Number 22 of 2021 concerning

Imple-mentation of Environmental Protection and Management, still has an obligation to be managed to meet the established standards and technical requirements. Currently, the Ministry of Environment and Forestry is finalizing the Ministerial Regulation (Permen) of the LHK on regulating non-B3 waste with several important points.

Rosa Vivien Ratnawati, Director General of Waste Management, Waste and Hazardous and Toxic Materials (PSLB3) of the Ministry of Environment and Forestry, revealed that the first point is related to the scope of regulation which includes reducing non-hazardous waste both before and/or after the waste is generated; storage of non-hazardous waste which is adjusted to the amount and form of waste and should not exceed the storage capacity; utilization of non-hazardous waste as a substitute for raw materials, substitute for energy sources, byproducts referring to existing standards or new standards recommended by the Ministry of Environment and Forestry; landfilling non-hazardous waste by meeting location standards either by modifying engineering and meeting the standard of landfilling facilities; overcoming environmental pollution and/or environmental damage and restoring environmental functions; and reporting of non-hazardous waste management activities.

"The next point is about the non-hazardous waste management plan which includes non-hazardous waste specifically referred to in the environmental agreement; registered non-hazardous waste must be listed in detail in the environmental approval; and non-hazardous waste management does not require technical approval,” said Vivien, Monday (15/3).

Nomor 22 Tahun 2021 tentang Penye-lenggaraan Perlindungan dan Pengelolaan Lingkungan, tetap memiliki kewajiban untuk dikelola hingga memenuhi standar dan persyaratan teknis yang ditetapkan. Saat ini KLHK tengah menyelesaikan Peraturan Menteri (Permen) LHK tentang pengaturan limbah non B3 dengan beberapa poin penting.

Rosa Vivien Ratnawati, Direktur Jenderal Pengelolaan Sampah, Limbah dan Bahan Berbahaya dan Beracun (PSLB3) Kementerian LHK, mengungkapkan poin pertama adalah terkait dengan ruang lingkup pengaturan yang meliputi pengurangan limbah nonB3 baik sebelum dan/atau setelah limbah dihasilkan; penyimpanan limbah nonB3 yang disesuaikan dengan jumlah dan bentuk limbah serta tidak boleh melebihi kapasitas penyimpanan; pemanfaatan limbah nonB3 sebagai substitusi bahan baku, substitusi sumber energi, produk samping merujuk standar yang ada atau standar baru yang direkomendasikan KLHK; penimbunan limbah nonB3 dengan memenuhi standar lokasi baik dengan melakukan modifikasi engineering dan memenuhi stadar fasilitas penimbunan; penganggulangan pencemaran lingkungan hidup dan/atau kerusakan lingkungan hidup dan pemulihan fungsi lingkungan hidup; dan pelaporan kegiatan pengelolaan limbah nonB3.

“Poin selanjutnya adalah tentang rencana pengelolaan limbah nonB3 yang meliputi limbah nonB3 khusus merujuk dalam persetujuan lingkungan; limbah nonB3 terdaftar wajib tercantum rinci dalam persetujuan lingkungan; dan pengelolaan limbah nonB3 tidak memerlukan per-setujuan teknis,” ungkap Vivien, Senin (15/3).

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Daily News Update Page 7 Another point regulates that non

-hazardous waste is prohibited from dumping or disposing of non-hazardous waste without approval from the central government; open burning or open burning; mixing non-hazardous waste with B3 and/or B3 waste; and landfilling of non-hazardous waste in waste final processing facilities (TPA).

Rida Mulyana, Director General of Electricity at the Ministry of ESDM, explained that the results of the TCLP and LD-50 toxic characteristics test showed that the FABA produced by the PLTU had a lower concentration of pollutants than required in PP 22/2021. The results of the FABA PLTU radionuclide content test also showed that it was still below the require-ment.

Rida said that the United States, Australia, Canada, Europe, Japan, Russia, South Africa, and in 3 (three) countries with the largest export destinations for Indonesian coal, namely China, India and South Korea, did not categorize FABA as B3 waste but rather as solid waste (China and India), and as specified by-product (South Korea). FABA has been widely used as a supporting material in the infrastructure sector, land stabilization, reclamation on ex-mining land, and the agricultural sector.

"The government and power plant business actors are committed to continuing to manage FABA with environmental principles, as evidenced by the preparation of FABA Management SOPs referred to by all PLTUs," said Rida. Ridwan Jamaludin, Director General of Mineral and Coal at the Ministry of ESDM, added that the national policy on the use of coal is as energy by providing added value. In the future, the results of coal ash waste or FABA will be increasingly used to become environmentally friendly products.

Poin lainnya mengatur bahwa limbah nonB3 dilarang melakukan dumping atau pem-buangan Limbah nonB3 tanpa persetujuan dari pemerintah pusat; pembakaran secara terbuka atau open burning; pencampuran Limbah nonB3 dengan B3 dan/atau limbah B3; dan penimbunan limbah nonB3 di fasilitas tempat pemrosesan akhir (TPA) sampah. Rida Mulyana, Direktur Jenderal Ketenaga-listrikan Kementerian ESDM, menjelaskan bahwa hasil uji karakteristik beracun TCLP dan LD-50 menunjukkan bahwa FABA yang dihasilkan PLTU memiliki konsentrasi zat pencemar lebih rendah dari yang diper-syaratkan pada PP 22 /2021. Hasil uji kandungan radionuklida FABA PLTU juga menunjukkan masih di bawah yang diper-syaratkan.

Rida mengatakan bahwa Negara Amerika Serikat, Australia, Kanada, Eropa, Jepang, Rusia, Afrika Selatan, dan di 3 (tiga) negara dengan tujuan ekspor batubara Indonesia terbesar, yaitu China, India dan Korea Selatan, tidak mengkategorikan FABA sebagai limbah B3 melainkan sebagai limbah padat (China dan India), dan sebagai specified by-product (Korea Selatan). FABA secara luas telah banyak dimanfaatkan sebagai material pen-dukung pada sektor infrastruktur, stabilisasi lahan, reklamasi pada lahan bekas tambang, dan sektor pertanian.

“Pemerintah dan pelaku usaha pembangkit listrik berkomitmen untuk tetap melakukan pengelolaan FABA dengan prinsip ber-wawasan lingkungan, yang dibuktikan dengan penyusunan SOP Pengelolaan FABA yang diacu oleh seluruh PLTU,” kata Rida.

Ridwan Jamaludin, Direktur Jendeal Mineral dan Batubara Kementerian ESDM, menam-bahkan bahwa secara nasional kebijakan pemanfaatan batubara adalah sebagai energi dengan memberikan nilai tambah.

Kedepannya, hasil limbah abu batubara atau FABA akan semakin dimanfaatkan menjadi produk-produk yang ramah lingkungan.

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Daily News Update Page 8 This is proof that the government is trying

hard to utilize the added value from burning coal into useful and environ-mentally friendly products.

"The current policy in the legal use of coal is downstreaming or added value. We see it as a change in governance, not just changing from B3 waste, but what we see is what it can be used for," said Ridwan. Ridwan gave an example, FABA has the opportunity to be used as a raw material, namely the use of special non-hazardous waste such as coal fly ash from PLTU activities with minimal boiler technology Ciraiating Fluidized Bed (CFB) can be used as a raw material for construction as a substitute for pozzolan cement (explana-tion of article 459, PP 22/2021). The use of FABA as a roadbase can absorb 94% of the total coal ash (PT AMNT). FABA has the potential to be used as raw material for making cast refractories, stockpiling in mine reclamation, lime substitution to neutralize acid mine drainage, improving soil physical conditions and planting media for revegetation of ex-mining land (Puslitbang Teknologi Mineral and Coal, Ministry of ESDM).

For information, the Soil Research Institute of the Ministry of Agriculture stated that the FABA application can increase fertilization efficiency and improve the root environment of plants. FABA can also be used as backfilling or overburden for the prevention of acid mine drainage (mining companies).

"LIPI, JICA and Hakko are working together to produce environmentally friendly concrete using FABA raw materials," said Ridwan. (RA)

Hal tersebut adalah bukti, bahwa perintah sedang berusaha keras untuk me-manfaatkan nilai tambah dari hasil pem-bakaran batubara menjadi produk yang bermanfaat dan ramah lingkungan.

“Kabijakan saat ini dalam pemanfaatan batubara secara hukum adalah hilirisasi atau nilai tambah, kami melihatnya sebagai perubahan tata kelola, bukan sekedar mengubah dari limbah B3 saja, namun yang kita lihat adalah bisa digunakan untuk apa,” ujar Ridwan.

Ridwan memberi contoh, FABA memiliki peluang untuk dimanfaatkan sebagai bahan baku, yaitu pemanfaatan Limbah nonB3 khusus seperti fly ash batubara dari kegiatan PLTU dengan teknologi boiler minimal Ciraiating Fluidized Bed (CFB) dapat dimanfaatkan sebagai bahan baku kontruksi pengganti semen pozzolan (pen-jelasan pasal 459, PP 22/2021). Peman-faatan FABA sebagai roadbase dapat menyerap 94% dari total abu batubara (PT AMNT). FABA berpotensi digunakan bahan baku pembuatan refraktori cor, penimbunan dalam reklamasi tambang, substitusi kapur untuk menetralkan air asam tambang, memperbaiki kondisi fisik tanah dan media tanam untuk revegetasi lahan bekas tambang (Puslitbang Teknologi Mineral dan Batubara, Kementerian ESDM).

Sebagai informasi, Balai Penelitian Tanah Kementerian Pertanian menyatakan, apli-kasi FABA dapat meningkatkan efisiensi pemupukan serta memperbaiki lingkungan perakaran tanaman. FABA juga dapat dimanfaatkan sebagai backfilling atau batuan penutup untuk pencegahan air asam tambang (perusahaan pertambangan). “LIPI, JICA dan Hakko bekerja sama mem-produksi beton ramah lingkungan meng-gunakan bahan baku FABA,” kata Ridwan. (RA)

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Guard the smelter construction

plan in Bahodopi, said Vale

Indonesia (INCO)

Reporter: Muhammad Julian | Editor: Tendi Mahadi

PT VALE

Indonesia Tbk (INCO) is still overseeing the realization of the final investment decision (FID) for the down-stream ferronickel project in Bahodopi, Central Sulawesi.

If things don't get in the way, INCO plans to partner with a Chinese company to build a ferronickel smelter with a capacity of 72,000 tons in Bahodopi through a joint venture or joint venture after the FID and other preparations are completed.

INCO's Chief Financial Officer (CFO), Bernardus Irmanto, estimates that FID will be ready by early next year. "We cannot disclose (who) the partner is, under the NDA (non disclosure agreement). After the FID can only be disclosed," said Bernardus to Kontan.co.id, Monday (15/3).

So far, it is not known exactly how much investment will be required in the construction of the ferronickel smelter in Bahodopi. However, Bernardus estimates that the investment figure will be around US$ 1.5 billion.

This estimate is based on the average investment figure for a nickel smelter with RKEF (Rotary Kiln-Electric Furnace) technology with a capacity of 72,000 tons, which is generally around US$ 1.5 billion. Even so, the investment figure will certainly be finalized later after the feasibility study (FS) is completed.

Kawal rencana pembangunan

smelter di Bahodopi, ini kata

Vale Indonesia (INCO)

Reporter: Muhammad Julian | Editor:

Tendi Mahadi

PT VALE

Indonesia Tbk (INCO) masih

mengawal realisasi pengambilan kepu-tusan investasi final alias final investment decision (FID) untuk proyek hilir feronikel di Bahodopi, Sulawesi Tengah.

Kalau tidak aral melintang, rencananya INCO bakal menggandeng perusahaan China untuk membangun smelter feronikel berkapasitas 72.000 ton di Bahodopi melalui sebuah perusahaan patungan atawa joint venture setelah FID dan persiapan-persiapan lainnya selesai nanti.

Chief Financial Officer (CFO) INCO, Bernardus Irmanto memperkirakan, FID akan siap pada awal tahun depan. “Kami belum bisa disclose (siapa) partnernya,

under NDA (non disclosure agreement), Setelah FID baru bisa disclose,” ujar Bernardus kepada Kontan.co.id, Senin (15/3).

Sejauh ini, belum ketahuan berapa persisnya investasi yang akan dibutuhkan dalam pembangunan smelter feronikel di Bahodopi. Namun, Bernardus memper-kirakan angka investasinya akan berkisar US$ 1,5 miliar.

Estimasi ini berdasar pada rata-rata angka investasi smelter nikel dengan teknologi RKEF (Rotary Kiln-Electric Furnace) ber-kapasitas 72.000 ton yang umumnya berkisar US$ 1,5 miliar. Meski begitu, angka investasi pastinya akan difinalisasi nanti setelah studi kelayakan atau

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Daily News Update Page 10 Because it is carried out by a joint venture,

investment in the construction of a ferronickel smelter in Bahodopi will be included in the bookkeeping budget of the joint venture, not INCO's books. "The source of funds comes from equity and project financing," added Bernardus. To supply energy needs for the ferronickel smelter in Bahodopi, INCO, through a joint venture with Chinese partners, also plans to build a gas power plant (PLTG) with a capacity of 500 MW at the location.

Currently, INCO is overseeing the process of request for information (RFI) and request for quotation to gather infor-mation needed in the PLTG development plan. Even so, Bernardus emphasized that the decision to build a new PLTG will be made later after the FID for the construction of a ferronickel smelter is ready.

Later, the PLTG construction work will be carried out by the construction company. The appointment can be through a tender process or direct appointment, depending on the decision of INCO and the partners later.

"This is an integral part of the construction of the ferronickel smelter. So the decision to build a PLTG can only be taken after the FID related to the construction of the Ferronickel plant has been taken," explained Bernardus.

Lantaran dilakukan oleh perusahaan patungan, investasi pembangunan smelter

feronikel di Bahodopi akan masuk ke dalam anggaran pembukuan perusahaan patungan yang dibentuk, bukan masuk di pembukuan INCO. “Sumber dana dari

equity dan project financing,” imbuh Bernardus.

Untuk memasok kebutuhan energi smelter

feronikel di Bahodopi, INCO melalui perusahaan patungan dengan mitra perusahaan China juga berencana membangun pembangkit listrik tenaga gas (PLTG) berkapasitas 500 MW di lokasi tersebut.

Saat ini, pihak INCO tengah mengawal proses request for information (RFI) dan

request for quotation untuk mengumpul-kan informasi yang dibutuhmengumpul-kan dalam rencana pembangunan PLTG. Meski begitu, Bernardus menegaskan bahwa keputusan pembangunan PLTG baru akan ditetapkan nanti setelah FID pembangunan smelter

feronikel siap.

Nantinya, pengerjaan pembangunan PLTG akan dilakukan oleh perusahaan pelaksana pembangunan. Penunjukannya bisa melalui proses tender ataupun penunjukan langsung, bergantung kepada keputusan INCO dan mitra nantinya.

“Ini menjadi bagian tidak terpisahkan dari pembangunan pabrik (smelter) feronikel. Jadi keputusan tentang pembangunan PLTG hanya bisa diambil setelah FID terkait pembangunan pabrik Feronikel diambil,” terang Bernardus.

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Good Performance, Antam

(ANTM) Rely on Gold and Nickel

Business

THE CONTRIBUTION

of the domestic

market is the support for the growth of the performance of PT Aneka Tambang Tbk. (ANTM) in 2020. The commodities that are the mainstay of ANTM's income are gold and nickel.

SVP Corporate Secretary Aneka Tambang Kunto Hendrapawoko said that last year the company focused its strategy on developing a domestic customer base, especially marketing gold and nickel ore products.

"This is in line with the growth in the absorption rate of domestic products," said Kunto, Monday (15/3/2021).

This strategy is also reflected in the company's sales achievement in 2020. The company posted revenue of Rp27.37 trillion last year, down 16.3 percent compared to 2019's acquisition of Rp 32.7 trillion.

However, around 73 percent is the contribution of the domestic market amounting to Rp 19.92 trillion, while the remaining or around 27 percent of export sales is only Rp 7.45 trillion.

Meanwhile, domestic sales have grown significantly by 68 percent compared to 2019 domestic sales of Rp 11.86 trillion. In more detail, sales for the nickel segment of the issuer coded for ANTM shares in the domestic market rose 93 percent to Rp1.8 trillion and domestic gold sales rose 66.8 percent to Rp17.79 trillion.

Kinerja Ciamik, Antam (ANTM)

Andalkan Bisnis Emas dan Nikel

KONTRIBUSI

pasar domestik menjadi

penopang pertumbuhan kinerja PT Aneka Tambang Tbk. (ANTM) pada 2020. Komoditas yang menjadi andalan utama pemasukan ANTM ialah emas dan nikel. SVP Corporate Secretary Aneka Tambang Kunto Hendrapawoko mengatakan bahwa pada tahun lalu perseroan memfokuskan strategi untuk mengembangkan basis pelanggan di dalam negeri, terutama pemasaran produk emas dan bijih nikel. “Hal itu seiring dengan pertumbuhan tingkat penyerapan produk di dalam negeri,” ujar Kunto, Senin (15/3/2021). Strategi itu pun tercermin dari pencapaian penjualan perseroan pada 2020. Perseroan mencetak pendapatan sebesar Rp27,37 triliun tahun lalu, turun 16,3 persen diban-dingkan dengan perolehan 2019 sebesar Rp32,7 triliun.

Namun, sekitar 73 persen merupakan kontribusi pasar domestik sebesar Rp19,92 triliun sedangkan sisanya atau sekitar 27 persen penjualan ekspor yang hanya sebesar Rp7,45 triliun.

Adapun, perolehan penjualan domestik tumbuh signifikan 68 persen dibandingkan dengan perolehan domestik 2019 sebesar Rp11,86 triliun.

Lebih perinci, penjualan untuk segmen nikel emiten berkode saham ANTM itu di pasar domestik naik 93 persen menjadi Rp1,8 triliun dan penjualan emas domestik naik 66,8 persen menjadi Rp17,79 triliun.

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Daily News Update Page 12 The increase in domestic market share has

succeeded in helping ANTM to generate profit growth despite the weak sales performance.

Shipping and insurance expenses, export costs, and ore export taxes appear to have dropped significantly, making the company succeed in reducing sales and marketing expenses to only Rp.533.06 billion, compared to the previous year's Rp1.4 trillion.

Thus, ANTM posted a profit growth for the year attributable to the owners of the parent entity of Rp1.14 trillion, an increase of 495 percent from the 2019 profit position of only Rp193.8 billion. Editor: Hafiyyan

Kenaikan porsi pasar domestik tersebut lah yang berhasil membantu ANTM mencetak pertumbuhan laba kendati kinerja penjualan melemah.

Pos beban pengapalan dan asuransi, biaya ekspor, dan pajak ekspor bijih tampak turun signifikan sehingga membuat perseroan berhasil menekan beban penjualan dan pemasaran menjadi hanya sebesar Rp533,06 miliar, dibandingkan dengan tahun sebelum-nya sebesar Rp1,4 triliun.

Dengan demikian, ANTM membukukan pertumbuhan laba tahun berjalan yang dapat diatribusikan kepada pemilik entitas induk sebesar Rp1,14 triliun, melejit 495 persen dari posisi laba 2019 yang hanya sebesar Rp193,8 miliar. Editor : Hafiyyan

Residual Coal Ashes Save State

Pockets Rp4.3 T

THE MINISTRY

of ESDM said the decision

to issue Fly Ash and Bottom Ash (FABA) from the category of hazardous and toxic waste (B3) would save the infrastructure development budget of Rp 4.3 trillion until 2028.

Fly Ash is solid waste that is generated from the new burning of coal in power plants. Meanwhile, Bottom Ash is solid ash that does not burn from coal or other materials.

ESDM Director General of Electricity Rida Mulyana said the savings came from reusing FABA into concrete mixture. According to him, all this time, because it was included in the dangerous category, FABA could not be recycled, it only became a 'burden'.

Abu Sisa Batu Bara Bikin Hemat

Kantong Negara Rp4,3 T

KEMENTERIAN

ESDM menyebut keputusan

mengeluarkan Fly Ash dan Bottom Ash (FABA) dari kategori limbah bahan ber-bahaya dan beracun (B3) bakal menghemat anggaran pembangunan infrastruktur senilai Rp4,3 triliun hingga 2028 mendatang.

Fly Ash adalah limbah padat yang dihasilkan dari pembakaran baru bara pada pem-bangkit tenaga listrik. Sedangkan, Bottom Ash adalah abu padat yang tidak terbakar dari batu bara atau material lain.

Direktur Jenderal Ketenagalistrikan ESDM Rida Mulyana menyebut penghematan berasal dari pemanfaatan kembali FABA menjadi bahan campuran beton. Menurut dia, selama ini karena masuk dalam kategori berbahaya, FABA tidak dapat didaur ulang hanya menjadi 'beban'.

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Daily News Update Page 13 In addition, utilization will also provide

employment opportunities for 500 thousand workers of small and micro brick and paving blocks.

The calculation shows that the industry will increase workers' income in total by Rp. 25.3 trillion in the next 10 years.

"There are savings, when we are going to build infrastructure we will save at least Rp. 4.3 trillion. Data from Kadin friends in 2020," he said at a press conference, Monday (15/3).

Rida said the change in the status of coal waste would turn the burden into a blessing because it provides economic value.

However, he claims it does not mean that the government has not conducted an in-depth study. He said that the laboratory tests conducted by the government showed that FABA did not meet the B3 criteria. To be categorized as B3 waste, there are a number of conditions that must be met, namely flammable, explosive, reactive, corrosive waste, exceeding the Toxicity Characteristic Leaching Procedure (TCLP) parameter, 16 heavy metal concentration parameters, and a 50-lethal dose.

Testing coal waste from PLTU activities in the laboratory, he continued, did not meet the quality standards stipulated in Govern-ment Regulation Number 101 of 2014 concerning Hazardous Waste Management. Then, the lethal dose-50 test results in the 19 PLTU units were also less than 5,000 milligrams per kilogram of the body weight of the tested animals.

In addition, the Human Health Risk Assessment (HHRA) study conducted by the coal waste PLTU also did not exceed the Toxicity Reference Value (TRV) parameter set by the Ministry of Manpower, so it is considered not to endanger workers.

Selain itu, pemanfaatan juga akan memberi peluang kerja kepada 500 ribu tenaga kerja usaha kecil dan mikro batako dan paving block.

Hitungannya, industri tersebut akan me-ningkatkan pendapatan pekerja secara total senilai Rp25,3 triliun dalam 10 tahun men-datang.

"Ada penghematannya, saat akan mem-bangun infrastruktur paling tidak kita meng-hemat Rp4,3 triliun. Data dari teman-teman Kadin pada 2020," katanya pada konferensi pers, Senin (15/3).

Rida menyebut perubahan status limbah batu bara ini bakal mengubah beban men-jadi berkah karena memberi nilai ekonomis. Namun, ia mengklaim bukan berarti peme-rintah tidak melakukan kajian mendalam. Ia menyebutkan uji laboratorium yang di-lakukan pemerintah menunjukkan bahwa FABA tidak memenuhi kriteria B3.

Untuk dapat dikategorikan sebagai limbah B3, ada sejumlah syarat yang harus di-penuhi, yakni limbah bersifat mudah menyala, mudah meledak, reaktif, korosif, melebihi parameter Toxicity Characteristic Leaching Procedure (TCLP), 16 parameter konsentrasi logam berat, dan lethal dose-50. Pengujian limbah batu bara dari aktivitas PLTU di laboratorium, lanjut dia, tidak memenuhi baku mutu yang ditetapkan dalam PP Nomor 101 Tahun 2014 tentang Pengelolaan Limbah B3.

Kemudian, hasil uji lethal dose-50 di 19 unit PLTU itu juga kurang dari 5.000 miligram per kilogram berat badan hewan uji.

Selain itu, kajian Human Health Risk Assessment (HHRA) yang dilakukan PLTU limbah batu bara juga tak melebihi parameter Toxicity Reference Value (TRV) yang ditetapkan Kementerian Ketenagakerjaan, sehingga dinilai tidak mem -bahayakan pekerja.

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Daily News Update Page 14 Thus, the test results stated that all the

requirements for hazardous waste were not met, so that coal waste was removed from the B3 waste category.

"He conveyed that the FABA test is in accordance with the toxic characteristics of TCLP, and with LB of 50 percent shows that the results of the laboratory test have contamination test results lower than required," he added. (wel/bir)

Dengan demikian, hasil pengujian tersebut menyatakan semua syarat limbah ber-bahaya tak terpenuhi, sehingga limbah batu bara dihapus dari kategori limbah B3. "Disampaikan uji FABA sesuai dengan karakteristik beracun TCLP, dan dengan LB 50 persen menunjukkan bawah hasil uji laboratoriumnya memiliki hasil uji pen-cemaran lebih rendah dari yang diper-syaratkan," imbuhnya. (wel/bir)

Antam Focuses on Building a

Smelter in West Kalimantan This

Year

Aditya/iNews

PT ANEKA Tambang Tbk (ANTM) continues

to work on several business development projects. Among them is the development of downstream commodities carried out by the Company.

Antam's Corporate Secretary, Kunto

Hendrapawoko explained, in developing the downstream commodity of bauxite, currently

the Company continues to focus on the construction of the Smelter Grade Alumina Refinery (SGAR) factory in Mempawah, West Kalimantan.

"(The SGAR factory) was developed together with PT Indonesia Asahan Aluminum (Persero) which has a processing capacity of 1 million tonnes of SGAR per year (for phase one)," said Kunto as quoted from the IDX disclosure, Tuesday (16/3/2021).

He added that Antam has more than five decades of experience in supporting the development of downstream minerals in Indonesia, especially in nickel, gold and

bauxite through integrated mining operations.

Antam Fokus Bangun Smelter di

Kalbar Tahun Ini

Aditya/iNews

PT ANEKA

Tambang Tbk (ANTM) terus

mengerjakan beberapa proyek pengem-bangan usaha. Adapun diantaranya adalah pengembangan hilirisasi komoditas yang dilakukan Perseroan.

Sekretaris Perusahaan Antam, Kunto Hendrapawoko menjelaskan, dalam pengem -bangan hilirisasi komoditas bauksit, saat ini Perseroan terus berfokus dalam pem-bangunan pabrik Smelter Grade Alumina Refinery (SGAR) di Mempawah, Kalimantan Barat.

"(Pabrik SGAR) dikembangkan bersama PT Indonesia Asahan Aluminium (Persero) yang memiliki kapasitas pengolahan sebesar 1 juta ton SGAR per tahun (untuk tahap satu)," ujar Kunto dikutip dari keterbukaan informasi BEI, Selasa (16/3/2021).

Dia menambahkan, Antam memiliki pengalaman lebih dari lima dekade dalam mendukung pengembangan hilirisasi mineral di Indonesia, khususnya pada komoditas nikel, emas dan bauksit melalui operasi pertambangan yang terintegrasi.

(15)

Daily News Update Page 15 "Until 2020, Antam's consolidated nickel

and bauxite ore resources reached 1.44 billion wmt of nickel ore and 586 million wmt of bauxite ore," he said.

Kunto said that the potential for mineral resources is one of the strengths in the development of the Company's business scale through strategic mineral down-streaming in order to create added value for mineral products and increase positive contributions to the state and society. In addition, this state-owned company is currently completing the construction phase of a ferronickel plant construction project in East Halmahera, North Maluku, which has an installed capacity of 13,500 TNi per year. (RAMA)

"Hingga tahun 2020 tercatat posisi sumber daya bijih nikel dan bauksit konsolidasian Antam masing-masing mencapai sebesar 1,44 miliar wmt bijih nikel dan 586 juta wmt bijih bauksit," kata dia.

Kunto menyebut, potensi sumber daya mineral tersebut menjadi salah satu kekuatan dalam pengembangan skala bisnis Perusahaan melalui hilirisasi mineral strategis guna menciptakan nilai tambah produk mineral serta meningkatkan kontribusi yang positif kepada negara dan masyarakat.

Selain itu, saat ini perusahaan plat merah ini juga tengah menyelesaikan tahap konstruksi proyek pembangunan pabrik feronikel di Halmahera Timur, Maluku Utara yang me-miliki kapasitas terpasang sebesar 13.500 TNi per tahun. (RAMA)

Timah prepares a strategy to

pay debts of Rp4.56 trillion

Farid Firdaus

PT TIMAH

Tbk (TINS) is committed to

paying off debts that will mature in the next 12 months worth Rp 4.56 trillion. As one of the strategies to pay off the debt, the company continues to explore shareholder loans worth US$ 100 million to PT Indonesia Asahan Aluminum (Inalum) or Mining Industry Indonesia (MIND ID). Until the end of 2020, Timah had total liabilities of Rp. 9.57 trillion, down 36.62% compared to the end of 2019 of Rp. 15.1 trillion. The total loans that will mature in the next 12 months consist of short-term bank loans worth Rp 3.8 trillion and supplier financing liabilities worth Rp 759.02 billion.

Timah Siapkan Strategi untuk

Bayar Utang Rp 4,56 Triliun

Farid Firdaus

P

T TIMAH Tbk (TINS) berkomitmen

melunasi utang yang akan jatuh tempo dalam 12 bulan ke depan senilai Rp 4,56 triliun. Adapun sebagai salah satu strategi melunasi utang tersebut, perseroan terus menjajaki shareholder loan senilai US$ 100 juta kepada PT Indonesia As ahan Aluminium (Inalum) atau Mining Industry Indonesia (MIND ID).

Hingga akhir 2020, Timah memiliki total liabilitas Rp 9,57 triliun, turun 36,62% dibandingkan akhir 2019 sebesar Rp 15,1 triliun. Total pinjaman yang akan jatuh tempo dalam 12 bulan ke depan terdiri atas pinjaman bank jangka pendek senilai Rp 3,8 triliun dan liabilitas supplier financing senilai Rp 759,02 miliar.

(16)

Daily News Update Page 16 Timah's cash and cash equivalents were

recorded at only Rp. 807.30 billion at the end of 2020, down 49.52% compared to 2019, which amounted to Rp. 1.59 trillion. On the other hand, the company was able to cut its financial burden by 22.3 percent to Rp 607.37 billion last year compared to the previous year's Rp 781.99 billion. Investor Relations Timah Listi Witanni said the company's debt repayment strategy will come from tin revenue, namely converting inventory to metal, so it can be sold and generate cash for debt repayment. Furthermore, the source of funds is also sought from tax refunds. Not to forget, the company will continue its efficiency efforts. "Timah certainly has a commitment to pay off maturing debts, but we'll see it in the future, depending on income. There are no new loans from banks, while those with MIND ID are still in process," he explained to Investor Daily, Monday (15/3).

Previously, Director of Finance Timah Wibisono said that his party proposed a shareholder loan of US$ 100 million with an interest target of less than 2.5% and a loan tenor of around 1 year with a renewable period. Exploration of these loans has been proposed since the fourth quarter of 2020.

The loan will be used to replace part of the working capital loan debt denominated in United States (US) to become a share-holder loan.

This step is considered a natural hedge strategy. So that when there is a high fluctuation in the exchange rate, it is hoped that the impact will not be so great to the profit and loss position.

During 2020, the Covid-19 pandemic which triggered a decline in commodity prices caused Timah's income to fall by 21.33% to Rp 15.21 trillion, compared to 2019 of Rp 19.34 trillion. However,...

Adapun kas dan setara kas Timah tercatat hanya Rp 807,30 miliar pada akhir 2020, turun 49,52% dibandingkan 2019 sebesar Rp 1,59 triliun. Di sisi lain, perseroan mampu memangkas beban keuangan 22,3% menjadi Rp 607,37 miliar pada tahun lalu dibanding tahun sebelumnya Rp 781,99 miliar.

Investor Relation Timah Listi Witanni mengatakan, strategi pelunasan utang perseroan akan bersumber dari pendapatan timah, yakni mengubah inventory menjadi logam, sehingga bisa dijual dan menghasil-kan cash untuk pelunasan utang. Selanjut-nya, sumber dana juga dicari dari restitusi pajak. Tak lupa, perseroan melanjutkan upaya-upaya efisiensi.

“Timah tentunya memiliki komitmen untuk melunasi utang jatuh tempo, tapi kita lihat ke depannya, tergantung dari pendapatan. Pinjaman baru dari bank tidak ada, sementara yang dengan MIND ID masih proses,” jelas dia kepada Investor Daily, Senin (15/3).

Sebelumnya, Direktur Keungan Timah Wibisono mengatakan, pihaknya mengusul-kan shareholder loan senilai US$ 100 juta dengan target bunga di bawah 2,5% dan tenor pinjaman sekitar 1 tahun dengan periode yang dapat diperbaharui. Penjajak-an pinjamPenjajak-an tersebut telah diusulkPenjajak-an sejak kuartal IV-2020.

Pinjaman bakal dimanfaatkan untuk meng-ganti sebagian utang kredit modal kerja berdenominasi dolar Amerika Serikat (AS) menjadi shareholder loan. Langkah ini dinilai sebagai strategi natural hedge. Sehingga ketika ada gejolak yang tinggi pada nilai tukar, maka imbasnya diharapkan tidak begitu besar ke posisi laba dan rugi. Selama 2020, pandemi Covid-19 yang memicu penurunan harga komoditas membuat pendapatan Timah turun 21,33% menjadi Rp 15,21 triliun, dibanding 2019 sebesar Rp 19,34 triliun. Namun,...

(17)

Daily News Update Page 17 However, the company managed to reduce

its net loss by 44.28 percent to Rp 340.59 billion, from the previous Rp 611.28 billion.

Expansion

Previously, Timah President Director Mochtar Riza Pahlevi was optimistic that the construction of the Top Submerged Lance (TSL) Ausmelt Furnace could be completed by the end of 2021, and will be commissioned in early 2022. As of March 2021, the TSL Ausmelt Furnace cons-truction process has reached 44%. This progress exceeded the initial planned target of 40%.

As is known, the construction of the TSL Ausmelt Furnace project, which involved PT Wijaya Karya Tbk (WIKA) Tbk and Outotec Pty Ltd, was built in the Muntok Metallurgical Unit area, West Bangka, Bangka Belitung Islands. "The progress of the TSL Ausmlet Furnance project has reached 44% by February, this is more than the 40% planned. Seeing this condition, we are optimistic that commissi-oning can be carried out in January 2022,"said Riza in an official statement recently.

Based on the initial plan, said Riza, the smelter project is targeted for completion in January 2022. However, looking at the progress in the field, his party is optimistic that the Rp 1.2 trillion project can be completed by the end of 2021. "Based on the contract, this joint project with Wika will take place. for 24 months, starting in January 2020. However, in accordance with this progress, we are optimistic that in December 2021 it can be completed,” he added.

While preparing the infrastructure, according to Riza, the company has also begun to collect reliable human resources who will be trained for one year to operate the TSL Ausmelt Furnace.

Namun, perseroan berhasil mengurangi rugi bersih 44,28% menjadi Rp 340,59 miliar, dari sebelumnya Rp 611,28 miliar.

Ekspansi

Sebelumnya, Direktur Utama Timah Mochtar

Riza Pahlevi optimistis, pembangunan Top Submerged Lance (TSL) Ausmelt Furnace bisa rampung akhir 2021, dan akan dilakukan commissioning pada awal 2022. Per Maret 2021, proses pembangunan TSL Ausmelt Furnace telah mencapai 44%. Progress ini melebih target awal yang direncanakan yakni 40%.

Seperti diketahui, pengerjaan proyek TSL Ausmelt Furnace yang melibatkan PT Wijaya Karya Tbk (WIKA) Tbk dan Outotec Pty Ltd ini, dibangun di kawasan Unit Metalurgi Muntok, Bangka Barat, Kepulauan Bangka Belitung. “Progres proyek TSL Ausmlet Furnance sudah 44% sampai dengan Februari, ini melebihi dari rencana 40%. Melihat kondisi ini, kita optimistis commissioning bisa dilak-sanakan pada bulan Januari 2022,” kata Riza dalam keterangan resmi, baru-baru ini.

Berdasarkan rencana awal, kata Riza, proyek smelter ini ditargetkan selesai pada Januari 2022. Namun, melihat progres di lapangan, pihaknya optimistis, proyek senilai Rp 1,2 triliun ini bisa rampung akhir tahun 2021. “Kalau berdasarkan kontrak, proyek bersama Wika ini ber-langsung selama 24 bulan, yang dimulai Januari 2020. Namun, sesuai dengan progres ini, kami optimistis di Desember 2021 bisa selesai,” tambah dia.

Sembari menyiapkan infrastruktur, menurut Riza, perseroan juga mulai mengumpulkan sumber daya manuia andal yang akan dilatih selama satu tahun untuk mengoperasikan TSL Ausmelt Furnace.

(18)

Daily News Update Page 18 TSL technology is a new chapter of

technological transformation in tin processing. The use of ausmelt technology is believed to reduce production costs. The TSL is considered to have many advantages, including efficiency in the cost of production, better smelting process and shorter time so that it has higher capacity, ease of operation, and Ausmelt's TSL technology is more environmentally friendly. Editor: Elly Rahmawati

Teknologi TSL ini merupakan babak baru transformasi teknologi dalam pengolahan timah. Penggunaan teknologi ausmelt diyakini dapat menekan biaya produksi. TSL tersebut dinilai memilki banyak keunggulan, di antaranya efisiensi biaya pokok produksi, proses peleburan lebuh baik dan waktu lebih singkat sehingga kapasitas lebih tinggi, kemudahan dalam pengoperasian, dan teknologi TSL Ausmelt lebih ramah lingkungan. Editor : Elly Rahmawati

Winter Is Passing, Coal Even

Approaching US$90

Tirta Citradi, CNBC Indonesia

THE ICE

Newcastle thermal coal price is getting closer to US$ 90/ton. The black stone price closed up 0.51% to US$ 88.2/ton in yesterday's trading. This is the highest price in the last month.

The volatility of coal contract prices on the futures exchange is indeed high in 2021. This is in line with the global financial market which is also moving with sharp fluctuations.

The increase in coal prices was triggered by several sentiments ranging from better economic prospects due to the Covid-19 vaccine, the prospect of a commodity supercycle to speculation by market players looking for assets to hedge against high inflation expectations.

Coal prices also rose in line with China's impressive economic performance. Moreover, it coincided with winter. But now winter is coming to an end. Coal can lose one of the positive sentiments that will trigger an increase in its price.

Musim Dingin Bakal Berlalu,

Batu Bara Malah Dekati US$90

Tirta Citradi, CNBC Indonesia

HARGA

batu bara termal ICE Newcastle kian

mendekati US$ 90/ton. Harga si batu hitam ditutup menguat 0,51% ke US$ 88,2/ton pada perdagangan kemarin. Ini merupakan harga tertinggi dalam satu bulan terakhir.

Volatilitas harga kontrak batu bara di bursa berjangka memang tinggi di tahun 2021. Hal ini senada dengan pasar keuangan global yang juga bergerak dengan fluktuasi yang tajam.

Kenaikan harga batu bara dipicu oleh beberapa sentimen mulai dari prospek ekonomi yang lebih baik karena ada vaksin Covid-19, prospek commodity supercycle

hingga aksi spekulasi para pelaku pasar yang mencari aset untuk lindung nilai dari ekspektasi inflasi yang tinggi.

Harga batu bara juga turut terkerek naik seiring dengan kinerja ekonomi China yang impresif. Apalagi bertepatan dengan musim dingin. Namun kini musim dingin akan segera berakhir. Batu bara bisa kehilangan salah satu sentimen positif yang memicu kenaikan harganya.

(19)

Daily News Update Page 19 Marcin Gorski, Refinitiv Weather Analyst,

predicts warm conditions will dominate mainland China in the next 10-14. The temperature is estimated to be 5-10 degrees Celsius above normal in the northern region of China.

As a result, China's coal imports began to decrease in line with the decreasing need for heating due to friendly weather. In February 2021, China's imports were recorded at 19.62 million tons and March 2021 until the end of this week at 14.82 million tons.

The passing of winter has also caused China's local coal prices to drop. The benchmark price for thermal coal, Qinhuangdao, is now approaching RMB 600/ton. Whereas previously during the Chinese New Year and winter the price had jumped above RMB 900/ton.

Warming weather has also occurred in major coal consuming countries. In India, the temperature is estimated to be 2-4 degrees Celsius above normal.

Meanwhile, in South Korea and Japan, the temperature is estimated to be 2-4 degrees Celsius above normal, even under certain conditions it can be 4-8 degrees Celsius above normal for the next 6-10 days. As one of the coal exporting countries, the potential decline in demand is certainly not encouraging news. Indonesia's mineral fuel exports increased by US$ 92.3 million in February.

The sharp increase in coal prices was able to offset the decline in export volume in the same month. The Central Bureau of Statistics (BPS) recorded that the export volume of Indonesian mineral fuels was 34.2 million tons in February, or a drop of 11% compared to January which reached 38.5 million tons. CNBC INDONESIA RESEARCH TEAM (twg/twg)

Marcin Gorski, Analis Cuaca Refinitiv, mem-perkirakan kondisi hangat akan men-dominasi dataran China dalam 10-14 ke depan. Suhu udara diperkirakan 5-10 derajat celcius di atas normal di wilayah utara China.

Akibatnya, impor batu bara China mulai berkurang seiring penurunan kebutuhan penghangat ruangan karena cuaca yang mulai bersahabat. Pada Februari 2021, impor China tercatat 19,62 juta ton dan Maret 2021 hingga akhir pekan ini ada di 14,82 juta ton.

Mulai berlalunya musim dingin juga membuat harga batu bara lokal China melorot. Harga batu bara termal acuan Negeri Tirai Bambu yakni Qinhuangdao kini sudah mendekati RMB 600/ton. Padahal sebelumnya saat Imlek dan musim dingin harganya sempat melonjak ke atas RMB 900/ton.

Cuaca yang menghangat juga terjadi di negara konsumen batu bara utama. Di India, suhu udara diperkirakan 2-4 derajat celcius di atas normal.

Sementara di Korea Selatan dan Jepang, suhu udara diperkirakan 2-4 derajat celcius di atas normal, bahkan dalam kondisi tertentu bisa 4-8 derajat celcius di atas normal selama 6-10 hari ke depan.

Sebagai salah satu negara eksportir batu bara, potensi penurunan permintaan tentu-nya bukanlah sebuah kabar yang meng-gembirakan. Ekspor bahan bakar mineral RI mengalami kenaikan sebesar US$ 92,3 juta pada Februari lalu.

Kenaikan harga batu bara yang tajam mampu mengimbangi penurunan volume ekspor di bulan yang sama. Badan Pusat Statistik (BPS) mencatat volume ekspor bahan bakar mineral RI sebesar 34,2 juta ton di bulan Februari atau drop 11% di-banding bulan Januari yang mencapai 38,5 juta ton. TIM RISET CNBC INDONESIA (twg/twg)

(20)

Timah (TINS) Boosts Premium

Coal Business

T

HE STATE-owned mining company, PT

Timah Tbk., Will raise the contribution of the coal business segment as an effort to spur its performance this year.

Finance Director Timah Wibisono said that the company, through one of its business entities, PT Tanjung Alam Jaya, will increase the level of coal production in 2021 to around 500,000 tons to 750,000 tons.

For information, the coal mining products owned by the issuer coded TINS shares contain calories of 6,200 kcal, or this includes high-calorie coal. The increase in production volume is also in line with the strengthening trend in global coal prices since the end of 2020.

At the close of trading Monday (15/3/ 2021) the price of Newcastle coal for the April 2021 contract at the ICE was parked at US$ 88.2 per ton, up 0.51 percent. During the current year 2021, coal prices will increase by 8.69 percent.

"We hope that the [coal business segment] will contribute significantly to the overall performance of PT Timah," said Wibisono, Monday (15/3/2021).

Meanwhile, in 2020 TINS recorded revenue of IDR 15.21 trillion, down 21.33 percent compared to 2019's acquisition of Rp 19.34 trillion.

Almost all revenue segments experienced a decline in performance, but the coal segment managed to score quite impres-sive performance. Total coal revenue rose 213 percent to Rp122.06 billion.

Timah (TINS) Pacu Bisnis Batu

Bara Premium

E

MITEN BUMN pertambangan, PT Timah

Tbk., bakal mengerek kontribusi segmen bisnis batu bara sebagai salah satu upaya memacu kinerjanya tahun ini.

Direktur Keuangan Timah Wibisono mengatakan bahwa perseroan melalui salah satu entitas usahanya PT Tanjung Alam Jaya akan meningkatkan tingkat produksi batu bara pada 2021 menjadi sekitar 500.000 ton hingga 750.000 ton. Untuk diketahui, hasil tambang batu bara milik emiten berkode saham TINS itu mengandung kalori sebesar 6.200 kcal, atau termasuk batu bara berkalori tinggi. Kenaikan volume produksi tersebut pun seiring dengan tren penguatan harga batu bara global sejak akhir 2020.

Pada penutupan perdagangan Senin (15/3/2021) harga batu bara Newcastle untuk kontrak April 2021 di bursa ICE parkir di level US$88,2 per ton, naik 0,51 persen. Sepanjang tahun berjalan 2021, harga batu bara naik 8,69 persen.

“Kami harapkan nantinya [segmen bisnis batu bara] dapat berkontribusi signifikan terhadap keseluruhan kinerja PT Timah,” ujar Wibisono, Senin (15/3/2021).

Adapun, pada 2020 TINS mencatatkan pendapatan sebesar Rp15,21 triliun, turun 21,33 persen dibandingkan dengan per-olehan 2019 sebesar Rp19,34 triliun. Hampir seluruh segmen pendapatan meng-alami penurunan kinerja, tetapi segmen batu bara berhasil mencetak kinerja cukup impresif. Total pendapatan batu bara naik 213 persen menjadi Rp122,06 miliar.

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Daily News Update Page 21 Over the past year, the majority of the

company's coal sales were exported to destination countries, including China, Vietnam and the Philippines.

On the other hand, Wibisono admitted that the company's business diversification into coal mining had been approved by the Ministry of BUMN.

He explained that the coal mine which is located in South Kalimantan has been owned by Timah since early 2000. Editor: Hafiyyan

Sepanjang tahun lalu, penjualan batu bara perseroan mayoritas diekspor dengan negara tujuan antara lain China, Vietnam, dan Filipina.

Di sisi lain, Wibisono mengaku bahwa diversifikasi bisnis perseroan ke tambang batu bara tersebut telah mendapatkan persetujuan oleh Kementerian BUMN. Dia menjelaskan tambang batu bara yang terletak di Kalimantan Selatan tersebut telah dimiliki Timah sejak awal 2000. Editor : Hafiyyan

Nickel Prices on the LME

Exchange Freefall in March 2021

Author: Annisa Octavianie, Editor: Faris Primayudha

N

ICKEL has become the prima donna in the Indonesian mining world in the last few years. Based on geological agency mapping data, Indonesia has abundant nickel ore resources. A total of 11,887 million tonnes and 4,346 million tonnes of nickel reserves are entrenched in Indonesia.

Meanwhile, the total metal resources reached 174 million tons and 68 million tons of metal reserves. With a large nickel distribution area, Indonesia is one of the largest nickel producers in the world, contributing 27% of total production. Now nickel is not only a skyrocketing prestige but its price as a commodity that can amaze the market.

In the past few weeks, nickel prices have been on the mend. However, the nickel price in March 2021 (9/3) fell 1.2%.

Harga Nikel di Bursa LME

Terjun Bebas pada Maret 2021

Penulis : Annisa Octavianie, Editor : Faris Primayudha

NIKEL

menjadi primadona dalam dunia

pertambangan Indonesia dalam beberapa kurun wakatua terakhir. Berdasarkan data pemetaan badan geologi, Indonesia memiliki sumberdaya bijih nikel yang cukup melimpah. Sebanyak 11.887 juta ton dan cadangan bijih sebesar 4.346 juta ton nikel bercokol di Indonesia.

Sementara untuk total sumberdaya logam mencapai 174 juta ton dan 68 juta ton cadangan logam. Dengan area sebaran nikel yang luas, Indonesia menjadi salah satu produsen nikel terbesar di dunia dengan menyumbang 27 % dari total produksi. Kini nikel tidak hanya pamornya saja yang melejit melainkan harganya sebagai komoditas yang mampu membuat pasaran tercengang.

Pada beberapa pekan lalu harga nikel terpantau kembali membaik. Namun harga nikel pada perdagangan bulan maret 2021 ini (9/3) melemah 1.2%.

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Daily News Update Page 22 The 3-month contract nickel price based

on the London Metal Exchange (LME) survey ended at US$ 15,951/ton from the price of US$ 16,145/ton (a 1.2% decline). This price is observed to have dropped the most throughout 2021. An inevitable decline occurred in direct purchase nickel from the price of US$ 16,115/ton to US$ 15,907/ton, indicating a decline of 1.29%. It was also noted that in March 2020 the price of nickel also fell. The decline occurred to the price of US$ 11,142/ton. However, in the following month, nickel prices slowly recovered to reach a peak of US$ 19,722/ton.

Based on the monitoring of the Shanghai stock exchange, nickel price (10/3) also experienced a 1.8% decline, starting from US$ 18,891/ton to US$ 18,550/ton. Quoted from Reuters, the cause of the plunge in nickel prices was because the Tsingshan Holding Group, a giant nickel and stainless steel company from China, decided to produce a large enough nickel matte in Indonesia to reduce investors' concerns about the trade distribution supply of nickel for batteries and to reduce nickel prices. on the market.

Reporting from The Sydney Morning Herald quoted by Reuters. Credit Sussie, a Swiss bank and financial service provider, predicts that there will be an excess supply of nickel after Tsingshan announced that it will increase production by 700 kilo tons to 1.1 million tons per year by 2023. Of course this will result in excess production until 2025.

According to analysts Credit Suisse, Matthew Hope. "While some of the nickel will be supplied to the battery market via the nickel matte route, ferronickel for stainless steel will remain dominant until the battery market becomes a significant consumer in the second half of the decade."

Besaran harga nikel kontrak 3 bulan

berdasarkan survei London Metal Exchange (LME) di akhiri dengan harga US$ 15.951/ton dari harga US$ 16.145/ton (Kemerosotan sebesar 1.2 %). Harga tersebut terpantau yang paling anjlok sepanjang tahun 2021 ini. Penurunan pula tidak dapat dihindari terjadi pada nikel pembelian langsung dari harga US$ 16.115/ton menjadi US$ 15.907/ton, hal ini menunjukkan kemerosotan sebesar 1,29 %. Tercatat pula pada Maret tahun 2020 harga nikel juga sempat terjun bebas. Kemerosotan terjadi hingga di harga US$ 11.142/ton. Namun bulan berikutnya harga nikel perlahan pulih hingga menyentuh puncaknya sebesar US$ 19.722/ton.

Berdasarkan pantauan bursa Shanghai, harga nikel (10/3) juga mengalami kemerosotan sebesar 1.8% terhitung dari US$ 18.891/ton menjadi US$ 18.550/ton. Dikutip dari Reuters, penyebab terjunnya harga nikel adalah karena Tsingshan Holding Group, perusahaan raksasa nikel dan stainless stell asal China memutuskan untuk memproduksi nikel matte dalam jumlah yang cukup besar di Indonesia untuk menurunkan kekhawatiran investor ter-hadap suplai distribusi perdagaangan nikel untuk keperluan baterai dan menekan harga nikel di pasaran.

Dilansir dari The Sydney Morning Herald yang dikutip dari Reuters. Credit Sussie, bank dan penyedia jasa keuangan asal Swiss memperkirakan akan terjadi kelebihan pasokan nikel setelah Tsingshan meng-umumkan untuk meningkatkan produksi sebesar 700 kilo ton menjadi 1.1 juta ton per tahun per 2023. Tentunya ini akan meng-akibatkan ekses (kelebihan) produksi hingga tahun 2025. Menurut analis Credit Suisse, Matthew Hope. “Walaupun sebagian nikel akan dipasok ke pasar baterai melalui jalur nikel matte, feronikel untuk baja tahan karat akan tetap dominan sampai pasar baterai menjadi konsumen yang signifikan pada paruh kedua dekade ini.”

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Silkroad to supply 2.7 mln T Indonesian nickel ore to China's

Tsingshan

SILKROAD

Nickel said on Monday it would supply Chinese stainless steel giant Tsingshan Holding Group with 2.7 million tonnes of high-grade nickel ore in Indonesia by the end of 2022, marking its second major customer win this year.

Singapore-listed Silkroad, which mines ore on the Indonesian island of Sulawesi, said in a filing it had inked a contract with Tsingshan unit PT Ekasa Yad Resources worth more than $90 million at current prices and would deliver at least 50,000 tonnes per month from March 2021 to December 2022.

Tsingshan uses nickel ore to make stainless steel raw material nickel pig iron (NPI) in Indonesia and is also pursuing projects to make nickel chemicals for use in electric vehicle batteries in the country, including on Sulawesi. Indonesia, the world's biggest nickel ore miner, banned exports of the material from January 2020 as it looks to process more resources at home. Silkroad Chief Executive Hong Kah Ing said his company is "preparing to deliver its first shipment (to Tsingshan) within the next two weeks and expects to gradually increase its production from April 2021 onwards to fulfill the new offtake commitments." "The nickel ore is expected to be used to meet the increasing demand from the emerging electric vehicle battery industry," he added in the filing.

Silkroad, which in January signed a 10-year agreement to sell nickel ore to Ganfeng Lithium , one of the world's top lithium producers, intends to use some of the proceeds from the Tsingshan deal to build a rotary kiln electric furnace (RKEF) smelter to make NPI, Hong said. (Reporting by Tom Daly; Editing by Kirsten Donovan)

Metso Outotec introduces Planet Positive

Published by Will Owen, Deputy Editor

METSO

Outotec has introduced a new all-encompassing approach to sustainability: ‘Planet Positive’. Covering the environmental, social and financial aspects of sustainability, Planet Positive efforts enforce the company’s purpose to enable sustainable modern life.

To serve customers’ sustainability needs and to increase the size of its ecological handprint, Metso Outotec is focused on further growing its sustainable offering. The Planet Positive portfolio focuses on the most environmentally efficient technologies (>100) in the company’s current portfolio, responding to the sustainability requirements of its customers in the aggregates, mining, and metals refining industries. The customer requirements relate to energy or water efficiency, reduction of emissions, circularity, and safety.