TABLE OF CONTENTS. No. Title Media Source Page

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Daily News Update Page 1

Chairman of the Proper Advisory Council of the Ministry of Environment and Forestry (KLHK) Sudharto P Hadi said that it is not easy to give the best assessment to mining companies, especially coal. More-over, many people are assessing how it is possible for a coal mining company to get Gold Proper, even though the Proper achievement is judged by the company's efforts in environmental management. "If a company has the stigma of being a polluter, but it can be managed properly, we will give Gold Proper, the most important thing is to reduce risk, so that we can answer the criticism. That companies have the stigma of being polluters, but if they are good at managing the environment, then we give (Gold Proper)," explained Sudharto in the SUKSE2S webinar (E2S Mutual Solution) Understanding The Minister of Environ-ment and Forestry Regulation No 1/2021: Pursuing Gold Proper in The Midst of Covid-19 virtually in Jakarta Thursday (6/5/2021).

Meanwhile, the former Director General of Environment (PPKL) of the Ministry of Environment and Forestry (KLHK) Karliansyah said that the company would not have received a Gold Propert if it was not perfect.

Perusahaan Batubara Bisa

Dapatkan Proper Emas, Ini

Alasannya

Oleh : Whisnu Bagus Prasetyo/WBP

P

ERUSAHAAN pertambangan batu bara sering mendapatkan predikat Proper Emas atau dianggap baik dalam pengelolaan lingkungan. Padahal stigma negatif sebagai bahan bakar kotor selalu disematkan pada produsen batu bara atau perusahaan yang menggunakan batu bara sebagai bahan bakunya.

Ketua Dewan Pertimbangan Proper Kementerian Lingkungan Hidup dan Kehutanan (KLHK) Sudharto P Hadi mengatakan tidak mudah memberikan penilaian terbaik ke perusahaan tambang, terlebih batu bara. Apalagi, banyak kalangan menilai bagaimana mungkin perusahaan tambang batu bara dapat Proper Emas, padahal capaian Proper dinilai dari usaha perusahaan dalam pengelolaan lingkungan. “Kalau perusahaan stigmanya sebagai pencemar, tetapi bisa kelola dengan baik ya kita berikan Proper Emas, yang penting upaya menekan risiko, sehingga kritikan itu bisa kita jawab. Bahwa memang perusahan stigmanya pencemar, tapi jika mereka baik lakukan kelola lingkungan, ya kita berikan (Proper Emas),” jelas Sudharto webinar SUKSE2S (Solusi Kebersamaan E2S) Understanding The Minister of Environment and Forestry Regulation No 1/2021 : Pursuing Gold Proper in The Midst of Covid-19 secara virtual di Jakarta Kamis (6/5/2021).

Sementara mantan Dirjen Lingkungan (PPKL) Kementerian Lingkungan Hidup dan Kehutanan (KLHK) Karliansyah mengatakan perusahaan tidak mungkin dapat Propert Emas kalau tidak sempurna.

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Daily News Update Page 4 "For coal emission is the main measure, the

company can use good materials with low sulfur quality or play technology, as long as it meets quality standards, then at least blue," explained Karliansyah.

He said that one company that deserves a Proper because it manages the environ-ment well is PT Bukit Asam Tbk (PTBA). Even in 2016, continued Karliansyah, the government had facilitated the World Bank and Ghana and India on a comparative study to PTBA. “They are surprised that mining in Indonesia is so beautiful. So there is no need to worry as long as it fits the criteria, we will calculate the potential for environmental damage, we will make sure that if it is clear, we will give it so it is possible to give gold," said Karliansyah. General Manager of Tarahan Port Unit of PT Bukit Asam Tbk, Dadar Wismoko, said that the company has really focused on environmental issues by continuing to strive for energy efficiency. "We already have plans and programs for businesses that are friendly to the environment, including the construction of PLTS (solar power plants)," said Dadar.

“Untuk batu bara emisi adalah ukuran utama, alatnya perusahaan bisa gunakan bahan bagus kualitas sulfur rendah atau bermain teknologi, sepanjang memenuhi baku mutu, maka minimal biru,” jelas Karliansyah.

Dia menceritakan salah satu perusahaan yang pantas mendapatkan Proper karena mengelola lingkungan dengan baik adalah PT Bukit Asam Tbk (PTBA). Bahkan pada 2016, lanjut Karliansyah, pemerintah sudah memfasilitasi Bank Dunia dan Ghana serta India studi banding ke PTBA. “Mereka kaget tambang di Indonesia sangat asri. Jadi tidak usah khawatir sepanjang sesuai kriteria, potensi kerusakan lingkungan kami hitung ukur kami yakinkan betul kalau clear ya kita berikan jadi tidak mustahil kita berikan emas,” jelas Karliansyah.

General Manager Unit Pelabuhan Tarahan PT Bukit Asam Tbk Dadar Wismoko menuturkan perusahaan sudah benar-benar fokus dalam masalah lingkungan dengan terus berusaha melakukan efisiensi energi. “Kami sudah ada rencana dan program untuk ke bisnis yang ramah terhadap lingkungan, termasuk pembangunan PLTS (pembangkit listrik tenaga surya),” kata Dadar.

Compact analyst recommends

buying Vale Indonesia (INCO)

shares, this is the reason

Reporter: Hikma Dirgantara | Editor: Tendi

Mahadi

P

T VALE Indonesia Tbk (INCO) posted a pretty slick performance throughout the first quarter of 2021. The nickel producer was recorded to have earned US$ 207 million in revenue, up 18.3% year on year (yoy). Meanwhile,...

Analis kompak rekomendasikan

beli saham Vale Indonesia

(INCO), ini alasannya

Reporter: Hikma Dirgantara | Editor: Tendi

Mahadi

P

T VALE Indonesia Tbk (INCO) membuku-kan kinerja yang cukup apik sepanjang kuartal I-2021. Emiten produsen nikel tersebut tercatat mengantongi pendapatan sebesar US$ 207 juta atau naik 18,3% secara year on year (yoy). Sementara,...

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Daily News Update Page 5 Meanwhile, for the bottom line, INCO

booked US$ 34 million or an increase of 16.4% yoy.

However, in terms of production volume, INCO only recorded 15,198 tons or decreased by 13.7% yoy. However, Maybank Kim Eng Sekuritas analyst Isnaputra Iskandar said the acquisition was in accordance with his estimates. He also said that this amount had met 23.6% of Maybank Kim Eng's projection of 64,521 tonnes.

"In the first quarter of 2021, INCO did routine maintenance so that production fell. However, in the following quarters, we see that INCO's production volume will continue to increase as mining activities return to normal," wrote Isnaputra in his research.

Meanwhile, Samuel Sekuritas analyst Dessy Lapagu said that INCO's production volume has so far reached 24.1% of Samuel Sekuritas' projection. He projects that INCO's production will reach 63,000 tons, this amount is slightly below INCO's target of 64,000 tons.

Dessy said the production was also much lower than last year's acquisition (72,237 tons) due to potential production constraints this year.

"INCO this year will refocus on the rebuilding of Furnace 4, which is expected to start in November 2021, even though the initial target is May 2021. This has the potential to disrupt INCO's productivity this year," said Dessy to Kontan.co.id, Thursday (6/5).

Even so, Dessy sees that INCO still has attractive prospects this year, one of which is the positive trend in nickel prices. He estimates that the global nickel price this year will be at the level of US$ 17,300 and next year at US$ 18,500 per ton.

Sementara untuk bottom line, INCO mem-bukukan US$ 34 juta atau naik 16,4% secara yoy.

Namun, dari volume produksi, INCO justru hanya mencatatkan 15.198 ton atau turun 13,7% secara yoy. Walau demikian, analis Maybank Kim Eng Sekuritas Isnaputra Iskandar menyebut perolehan tersebut sudah sesuai dengan perkiraannya. Ia juga menyebut, jumlah tersebut telah me-menuhi 23,6% dari proyeksi Maybank Kim Eng yang sebesar 64.521 ton.

“Pada kuartal I-2021, INCO memang melakukan pemeliharaan rutin sehingga produksinya pun turun. Namun, pada kuartal-kuartal berikutnya, kami melihat volume produksi INCO akan teru s mengalami peningkatan seiring aktivitas pertambangan yang kembali normal,” tulis Isnaputra dalam risetnya.

Sementara analis Samuel Sekuritas Dessy Lapagu mengatakan, volume produksi INCO sejauh ini telah mencapai 24.1% dari proyeksi Samuel Sekuritas. Ia mempro-yeksikan produksi INCO mencapai 63.000 ton, jumlah tersebut sedikit di bawah target INCO yang mencapai 64.000 ton. Dessy menyebut, produksi tersebut juga jauh lebih rendah dari perolehan tahun lalu (72.237 ton) seiring adanya potensi kendala produksi pada tahun ini.

“INCO tahun ini akan kembali fokus pada pembangunan kembali Furnace 4 yang diperkirakan baru akan dimulai November 2021, padahal target awalnya adalah Mei 2021. Hal tersebut berpotensi mengganggu produktivitas INCO pada tahun ini,” kata Dessy kepada Kontan.co.id, Kamis (6/5). Kendati begitu, Dessy melihat INCO masih punya prospek yang menarik pada tahun ini, salah satunya adalah tren positif harga nikel. Ia memperkirakan harga nikel global pada tahun ini akan berada di level US$ 17.300

dan pada tahun depan di USZ$ 18.500 per ton.

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Daily News Update Page 6 According to him, the high sentiment of

batteries for electric vehicles will boost investor optimism for the nickel industry in the long run.

Likewise, Isnaputra said, INCO was the main beneficiary of the solid nickel price which was driven by the global economic recovery and the increasing demand for electric vehicles. For now, he estimates nickel prices throughout 2021 will be at the level of US$ 15,500 per ton.

However, he believes INCO still has a high upside potential when nickel prices can continue to stay above the level of US$ 16,000 per ton until the end of the year.

Assuming INCO's production volume reaches

64,521 tons and a total cost of US$ 11,000

per ton, Isnaputra projects that INCO's revenue will reach US$ 111.2 million this year.

"This amount is much higher than the current projection of Maybank Kim Eng of US$ 82.8 million. Based on our analysis, every time there is a 1% increase in the nickel price assumption from Maybank Kim Eng, our revenue projection will also increase by 2.9%," added Isnaputra.

Isnaputra also gave a purchase recommen-dation for INCO shares with a target price of Rp 7,000 per share. Meanwhile, Dessy set a target price of Rp 6,400 per share with a purchase recommendation.

Menurutnya, masih tingginya sentimen baterai untuk kendaraan listrik akan menjadi pendorong optimisme investor terhadap industri nikel secara jangka panjang.

Senada, Isnaputra menyebut, INCO adalah penerima manfaat utama dari harga nikel yang solid yang didorong oleh pemulihan ekonomi global dan meningkatnya permin-taan dari kendaraan listrik. Untuk saat ini, ia memperkirakan harga nikel sepanjang 2021 berada di level US$ 15.500 per ton.

Namun, ia meyakini INCO masih punya potensi

upside yang tinggi ketika harga nikel bisa terus

bertahan di atas level US$ 16.000 per ton hingga akhir tahun nanti. Dengan asumsi

volume produksi INCO mencapai 64.521 ton dan total biaya sebesar US$ 11.000 per ton, Isnaputra memproyeksikan pendapatan INCO bisa mencapai US$ 111,2 juta pada tahun ini.

“Jumlah tersebut jauh lebih tinggi dibanding proyeksi Maybank Kim Eng saat ini yang sebesar US$ 82,8 juta. Berdasarkan analisa kami, setiap ada kenaikan 1% pada asumsi harga nikel dari Maybank Kim Eng, maka proyeksi pendapatan kami pun akan naik sebesar 2,9%,” imbuh Isnaputra.

Isnaputra pun memberikan rekomendasi beli untuk saham INCO dengan target harga Rp 7.000 per saham. Sementara Dessy memasang target harga Rp 6.400 per saham dengan rekomendasi beli.

Supply is stuck, coal prices are

getting hotter

Author: Lorenzo Anugrah Mahardhika

T

HE PRICE of thermal coal futures in China soared to record highs as the country's economic recovery sparked a surge in demand.

Pasokan Macet, Harga Batu

Bara Semakin Panas

Author: Lorenzo Anugrah Mahardhika

H

ARGA batu bara thermal berjangka di China melonjak ke rekor tertingginya seiring dengan pemulihan ekonomi di negara tersebut yang memicu kenaikan permintaan.

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Daily News Update Page 7 Reporting from Bloomberg on Thursday

(6/5/2021), the price of coal futures on the Zhengzhou Commodity Exchange rose up to 6.7 percent at the level of 841.6 yuan or US$ 130 per ton. This record is the highest daily increase in history.

The catalyst for the surge in Chinese coal prices is the prospect of rising demand in line with industrial and economic recovery in China after the corona virus epidemic. The country with the largest economy in Asia is projected to burn the largest amount of coal in history this year.

On the other hand, the supply of these commodities has been choked up due to a number of mine safety checks following a number of accidents. The step to stop the purchase of coal from Australia has also tightened the coal market situation.

Citigroup Inc. analyst Jack Shang said coal prices are likely to remain solid in China throughout this year. This happened in line with the imbalance between spike in demand and thin supply amid the ban on coal imports from Australia.

For information, China imported 68 million tons of coal in the first quarter of 2021. This number is down 29 percent when compared to the same period last year. One of the coal mining companies, China Shenhua Energy Co., predicts that the increase in demand from the industrial sector will keep the coal price level this year. Meanwhile, Yanzhou Coal Mining Co., is planning a capacity expansion following the increase in company revenue.

Investors are also monitoring the prospect of lowering coal consumption in the future. Chinese President Xi Jinping wants his country to start reducing coal use by 2026 to achieve a reduction in greenhouse gas emissions by 2030 and achieve zero percent carbon emissions by 2060. Editor: Farid Firdaus

Dilansir dari Bloomberg pada Kami s (6/5/2021), harga batu bara berjangka di Zhengzhou Commodity Exchange sempat naik hingga 6,7 persen di level 841,6 yuan atau US$130 per ton. Catatan tersebut merupakan kenaikan harian tertinggi sepanjang sejarah. Katalis bagi lonjakan harga batu bara China adalah prospek kenaikan permintaan seiring dengan pemulihan industri dan ekonomi di Negeri Panda pascapandemi virus corona. Negara dengan kekuatan ekonomi terbesar di Asia tersebut diproyeksikan akan membakar batu bara dalam jumlah terbesar sepanjang sejarah pada tahun ini.

Di sisi lain, pasokan komoditas ini tersendat karena sejumlah pemeriksaan keamanan tambang menyusul sejumlah kecelakaan yang terjadi. Langkah penghentian pembelian batu bara dari Australia juga semakin memper-ketat keadaan pasar batu bara.

Analis Citigroup Inc., Jack Shang mengatakan, harga batu bara kemungkinan akan tetap solid di China sepanjang tahun ini. Hal tersebut ter-jadi seiring dengan ketimpangan antara lonjak-an permintalonjak-an dlonjak-an tipisnya pasoklonjak-an ditengah larangan impor batu bara dari Australia.

Sebagai informasi, China mengimpor sebnyak 68 juta ton batu bara pada kuartal I/2021. Jumlah tersebut turun 29 persen bila dibanding-kan dengan periode yang sama tahun lalu.

Salah satu perusahaan tambang batu bara, China Shenhua Energy Co., memprediksi

kenaikan permintaan dari sektor industri akan menjaga tingkat harga batu bara pada tahun ini. Sementara itu, Yanzhou Coal Mining Co., tengah merencanakan ekspansi kapasitas menyusul peningkatan penerimaan perusahaan.

Investor juga tengah memantau prospek penurunan konsumsi batu bara di masa depan. Presiden China Xi Jinping mengingin-kan negaranya mulai mengurangi pemakaian batu bara pada 2026 untuk mencapai penurunan emisi gas rumah kaca pada 2030 serta mencapai emisi karbon 0 persen pada 2060. Editor : Farid Firdaus

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Indonesia has the largest

mining treasure in the world,

these are the facts

Anisatul Umah, CNBC Indonesia

I

NDONESIA was awarded a "treasure" in the mining commodity sector, namely nickel. Unmitigated, Indonesia ranks first in the world for the amount of nickel resources. Indonesia is said to have nickel resources amounting to 23.7% of the world's total nickel resources.

Following Indonesia, namely Australia with a percentage of 21.5%, then Brazil 12.4%, Russia 8.6%, and others.

This was conveyed by the Secretary General of the Indonesian Nickel Miners Association (APNI) Meidy Katrin Lengkey. He also said that Indonesia produced the largest annual nickel ore in the world. "This nation is known to have the largest nickel reserve volume in the world, 23.7% of the world," he said in the 'Battery Electric Vehicles Outlook' discussion, Thursday (06/05/2021).

He further said that Indonesia has two primary nickel deposit areas, located on the islands of Sulawesi and Halmahera. However, prior to the export ban on nickel ore last year, most of the crude nickel ore was exported for smelting abroad.

"Like many other mineral ores in Indonesia, most of the nickel ore is traditionally exported for smelting abroad," he said.

Previously, the Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Panjaitan said that Indonesia's nickel reserves reached 21 million tons.

RI Punya Harta Karun Tambang

Terbesar di Dunia, Ini Faktanya

Anisatul Umah, CNBC Indonesia

I

NDONESIA dianugerahi "harta karun" di sektor komoditas tambang, yakni nikel. Tak tanggung-tanggung, Indonesia menduduki peringkat pertama di dunia untuk besaran jumlah sumber daya nikel. Indonesia disebut memiliki sumber daya nikel sebesar 23,7% dari total sumber daya nikel dunia. Menyusul Indonesia yaitu Australia dengan persentase 21,5%, lalu Brazil 12,4%, Rusia 8,6%, dan lainnya.

Hal tersebut disampaikan oleh Sekretaris Jenderal Asosiasi Penambang Nikel Indonesia (APNI) Meidy Katrin Lengkey. Dia juga mengatakan, Indonesia memproduksi bijih nikel tahunan terbesar di dunia.

"Bangsa ini dikenal memiliki volume cadangan nikel terbesar di dunia, 23,7% dari dunia," ungkapnya dalam diskusi 'Battery Electric Vehicles Outlook', Kamis (06/05/2021).

Lebih lanjut dia mengatakan, Indonesia memiliki dua daerah endapan nikel primer, terletak di Pulau Sulawesi dan Halmahera. Namun, sebelum adanya kebijakan larangan ekspor bijih nikel pada tahun lalu, sebagian besar bijih mentah nikel diekspor untuk peleburan di luar negeri.

"Seperti banyak bijih mineral lainnya di Indonesia, sebagian besar bijih mentah nikel secara tradisional diekspor untuk peleburan ke luar negeri," tuturnya.

Sebelumnya, Menteri Koordinator Bidang Kemaritiman dan Investasi Luhut Binsar Panjaitan menyebutkan bahwa cadangan nikel yang dimiliki Indonesia mencapai 21 juta ton.

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Daily News Update Page 9 Indonesia ranks first in terms of nickel

reserves, beating Australia in second place with total reserves of 20 million tons. Then, followed by Brazil with reserves of 16 million tons and the fourth position is Russia with nickel reserves of 7 million tons.

This was expressed by Luhut in the CNBC Indonesia Mining Forum with the theme "Prospects for the Minerba Industry 2021", Wednesday (24/3/2021). He said that the data was data between countries in 2019. "These are reserves according to the state in 2019. This will bring Indonesia into an era of industrialization," said Luhut, Wednesday (24/3/2021).

He further said that through this industrialization, Indonesia would move towards new and renewable energy (EBT). Moreover, Indonesia has great potential in developing lithium batteries.

"With industrialization, our new and renewable energy has potential," said Luhut. (wia)

Indonesia menduduki peringkat pertama soal cadangan nikel, mengalahkan Australia di peringkat kedua dengan total cadangan 20 juta ton.

Lalu, disusul Brazil dengan cadangan sebesar 16 juta ton dan posisi keempat adalah Rusia dengan cadangan nikel sebesar 7 juta ton.

Hal tersebut diungkapkan Luhut dalam CNBC Indonesia Mining Forum dengan Tema

"Prospek Industri Minerba 2021", Rabu (24/3/ 2021). Dia mengatakan bahwa data tersebut merupakan data antar negara di tahun 2019.

"Ini cadangan menurut negara di 2019. Ini akan membawa Indonesia ke era industriali-sasi," kata Luhut, Rabu (24/3/2021).

Lebih lanjut dia mengatakan, melalui industrialisasi ini Indonesia akan bergerak ke arah energi baru terbarukan (EBT). Apalagi, Indonesia punya potensi besar dalam mengembangkan baterai lithium.

"Betul-betul dengan industrialisasi, energi baru terbarukan kita punya potensi," tegas Luhut. (wia)

PROPER Assessment Encourages

Performance Improvement

Editor

P

T BUKIT Asam Tbk (PTBA) said that

participation in the PROPER assessment had so far been the driving force for improving performance and guarding the company's commitment to the environment. This was revealed by Dadar Wismoko, General Manager of the Tarahan Bukit Asam Port Unit during the SUKSE2S (E2S Mutual Solution) webinar with the theme Understanding The Minister of Environment and Forestry Regulation No. 1/2021: Pursuing Gold PROPER in The Midst of COVID-19 held by E2S, Thursday (6/5).

Penilaian PROPER Dorong

Peningkatan Kinerja

Redaktur

P

T BUKIT Asam Tbk (PTBA) menyebut partisipasi dalam penilaian PROPER selama ini pendorong peningkatan kinerja dan pengawal komitmen perusahaan terhadap lingkungan. Hal ini diungkapkan Dadar Wismoko, General Manager Unit Pelabuhan Tarahan Bukit Asam saat webinar SUKSE2S (Solusi Kebersamaan E2S) bertema Under-standing The Minister of Environment and Forestry Regulation No 1/2021 : Pursuing Gold PROPER in The Midst of COVID-19 yang digelar E2S, Kamis (6/5).

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Daily News Update Page 10 "In addition, there is a total cost savings for

PTBA of approximately Rp. 2.25 trillion from innovative aspects of natural resource utilization for the period 2013-2020," said Dadar.

Iwan Jatmika, VP HSSE Performance and Post Event Management at Pertamina, said that PROPER is in line with Pertamina's Long-Term Plan (RJPP) in its sustainability strategy.

"Pertamina is committed to maintaining a balance between economic performance, preservation of nature, environment and society to achieve sustainable business growth," he said.

According to Karliansyah, Director General of PPKL at the Ministry of Environment and Forestry (KLHK) for the 2015-2021 period, companies must realize that they operate in a community environment. "Social activities function as compensation or reciprocal efforts for control of natural resources or economic resources by companies which are sometimes expansive and exploratory in nature, as well as social compensation for discomforts in the community," said Karliansyah.

According to him, the business community and society should have a symbiotic relationship with mutualism. To get support from the community, at least a permit to carry out operations of a cultural nature.

"Naturally, companies are also required to make a positive contribution to society, so that they can create harmonious relation-ships and even improve the company's image and performance," said Karliansyah.

(RI)

“Selain itu ada total penghematan biaya PTBA kurang lebih Rp2,25 triliun dari inovasi aspek pemanfaatan sumber daya alam untuk kurun waktu 2013-2020,” kata Dadar.

Iwan Jatmika, VP HSSE Performance and Post Event Management Pertamina, mengatakan PROPER sejalan dengan Rencana Jangka Panjang (RJPP) Pertamina dalam strategi keberlanjutan.

“Pertamina berkomitmen untuk menjaga keseimbangan antara kinerja ekonomi, kelestarian alam, lingkungan dan masya-rakat untuk mencapai pertumbuhan bisnis berkelanjutan,” ujar dia.

Menurut Karliansyah, Direktur Jenderal PPKL Kementerian Lingkungan Hidup dan Kehutanan (KLHK) periode 2015-2021, perusahaan harus menyadari bahwa mereka beroperasi dalam satu tatanan lingkungan masyarakat.

“Kegiatan sosial berfungsi sebagai kompensasi atau upaya imbal-balik atas penguasaan sumber daya alam atau sumber daya ekonomi oleh perusahaan yang kadang bersifat ekspansif dan eksploratif, di samping sebagai kompensasi sosial karena timbul ketidaknyamanan (discomford) pada masyarakat,” kata Karliansyah.

Menurut dia, kalangan bisnis dan masya-rakat sebaiknya memiliki hubungan yang bersifat simbiosis mutualisme. Untuk mendapatkan dukungan dari masyarakat, setidaknya izin untuk melakukan operasi yang sifatnya kultural.

“Wajar bila perusahaan juga dituntut untuk memberikan kontribusi positif kepada masyarakat, sehingga bisa tercipta harmonisasi hubungan bahkan pening-katan citra dan performa perusahaan,” kata Karliansyah. (RI)

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Shell Indonesia together with

APBI-ICMA support reducing

carbon emissions in the industry

Reporter: Muhammad Julian | Editor: Yudho Winarto

P

T SHELL Indonesia together with the Indonesian Coal Mining Association (APBI-ICMA) held a seminar "CEO Talks: Sustain-ability Executive Connect" on Wednesday (05/05).

The forum entitled "How Can (Coal Mining) Companies Take Actions to Reduce Their Carbon Footprint?" This featured speakers from the government, associations and

companies such as the Coordinating Minister for Maritime Affairs and Investment of the Republic of Indonesia Luhut Binsar Pandjaitan, Chairman of APBI-ICMA Pandu Sjahrir, President Director & Country Chairman of PT Shell Indonesia Dian Andyasuri, and Executive Director of the Indonesian Renewable Energy Society (METI) Paul Butar-Butar.

In addition, there are also company leaders/ CEOs from PT Shell Indonesia, PT Adaro Energy Tbk, PT Indika Energy Tbk, PT Bukit Asam (Persero) Tbk, PT Freeport Indonesia, PT Indominco Mandiri, PT Mitrabara Adiperdana, PT Bara Tabang, PT Indika Energy, PT Indexim Coalindo, PT United Tractors, PT AMNT, PT Indomining, PT Kideco Jaya Agung, PT Duta Tambang Rekayasa, and PT TML Energy also attended as speakers. In his remarks, the Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan expressed his appreciation for the holding of the event which is considered to be an excellent form of initiation from APBI-ICMA in supporting the 2020-2021 Long and Medium Term National Development plan for the success of the low-carbon development plan.

Shell Indonesia bersama

APBI-ICMA dukung penurunan emisi

karbon di industri

Reporter: Muhammad Julian | Editor: Yudho Winarto

P

T SHELL Indonesia bersama dengan Asosiasi Pertambangan Batubara Indonesia (APBI-ICMA) menyelenggarakan seminar “CEO Talks: Sustainability Executive Connect” pada Rabu (05/05).

Forum yang bertajuk "How Can (Coal Mining) Companies Take Actions to Reduce Their Carbon Footprint?" ini menampilkan pem-bicara dari pemerintah, asosiasi dan per-usahaan seperti Menteri Koordinator Bidang Kemaritiman dan Investasi RI Luhut Binsar Pandjaitan, Ketua umum APBI-ICMA Pandu Sjahrir, President Director & Country Chairman PT Shell Indonesia Dian Andyasuri, dan Direktur Eksekutif Masyarakat Energi Terbarukan Indonesia (METI) Paul Butar-Butar.

Selain itu, terdapat pula para pemimpin perusahaan/CEO dari PT Shell Indonesia, PT Adaro Energy Tbk, PT Indika Energy Tbk, PT Bukit Asam (Persero) Tbk, PT Freeport Indonesia, PT Indominco Mandiri, PT Mitrabara Adiperdana, PT Bara Tabang, PT Indika Energy, PT Indexim Coalindo, PT United Tractors, PT AMNT, PT Indomining, PT Kideco Jaya Agung, PT Duta Tambang Rekayasa, dan PT TML Energy yang turut hadir sebagai pembicara.

Dalam sambutannya, Menteri Koordinator Bidang Kemaritiman dan Investasi Luhut Binsar Pandjaitan menyampaikan apresiasi terhadap penyelenggaraan acara yang dinilai merupakan bentuk inisiasi yang sangat baik dari APBI-ICMA dalam mendukung rencana Pembangunan Nasional Jangka Panjang dan Menengah 2020 – 2021 untuk mensukseskan rencana pembangunan rendah karbon.

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Daily News Update Page 12 Luhut said that currently the government

is increasing the added value of the industry in line with the transition to a cleaner energy policy. This is done by providing encouragement in the form of fiscal and non-fiscal policy support.

"Apart from that, to fulfill the goal of low carbon development, the government will continue to support and become part of the Paris Agreement commitment through a low carbon economy and adaptation to the negative impacts of climate change. This will be achieved through various sectors such as forestry, agriculture, waste, energy, transportation and industry,” added Luhut. Likewise, the Chairperson of APBI-ICMA, Pandu Sjahrir, in his remarks said that the Sustainability Executive Connect discussion event was the first step.

"The next step, in the mindset we in the association are making big changes. We will conduct studies with third parties to see opportunities in terms of carbon credit and carbon trading for business actors in our industrial business. In the next 2-3 years there will be a very big transfor-mation in our industry, where we will unite with the government to make Indonesia a country that can achieve zero carbon emissions," said Pandu.

Meanwhile, President Director & Country Chairman of PT Shell Indonesia, Dian Andyasuri on the same occasion conveyed Shell's commitment to continue to contribute by developing a competitive portfolio and pushing Indonesia towards a cleaner energy future.

These efforts are in line with the 'Powering Progress' strategy launched by Shell globally to accelerate the business transition to a net-zero emission energy company by 2050. This

strategy is also in line with the Paris Agreement and the Indonesian Govern-ment's agenda to curb global warming.

Luhut bilang, saat ini pemerintah tengah meningkatkan nilai tambah industri seiring kebijakan transisi energi yang lebih bersih. Hal ini dilakukan dengan memberikan dorongan berupa dukungan kebijakan fiskal dan non fiskal.

“Selain itu untuk memenuhi tujuan ke arah pembangunan rendah karbon pemerintah juga terus mendukung dan menjadi bagian dari komitmen Paris Agreement melalui ekonomi rendah karbon dan adaptasi terhadap dampak negatif perubahan iklim. Hal ini akan dicapai melalui berbagai sektor seperti kehutanan, pertanian, limbah, energi, transportasi, dan industri,” tambah Luhut. Senada, Ketua Umum APBI-ICMA, Pandu Sjahrir dalam sambutannya mengatakan bahwa ajang diskusi Sustainability Executive Connect ini merupakan langkah awal.

“Step berikutnya, secara mindset kami di asosisasi sedang melakukan perubahan yang besar. Kami akan melakukan kajian dengan pihak ketiga untuk melihat kesempatan dari sisi carbon credit dan carbon trading untuk para pelaku usaha di bisnis industri kita. Dalam waktu 2-3 tahun ke depan akan ada transfor-masi amat besar di industri kita, di mana kita akan bersatu padu dengan pemerintahan untuk membuat Indonesia menjadi negara yang bisa mencapai zero carbon emission,” ujar Pandu.

Sementara itu, President Director & Country Chairman PT Shell Indonesia, Dian Andyasuri pada kesempatan yang sama menyampaikan komitmen Shell untuk terus berkontribusi dengan mengembangkan portofolio yang kompetitif serta mendorong Indonesia menuju masa depan energi yang lebih bersih.

Upaya-upaya ini sejalan dengan strategi ‘Powering Progress’ yang dicanangkan Shell secara global untuk mempercepat transisi bisnis menuju perusahaan energi dengan net-zero emission pada tahun 2050. Strategi ini juga sejalan dengan Paris Agreement dan agenda Pemerintah Indonesia dalam menahan laju pemanasan global.

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Daily News Update Page 13 "As a global company that was born in

Indonesia, we want to grow together with the country's industry and become partners with the government and other stakeholders to support Indonesia in entering this energy transition," said Dian. Furthermore, Dian also said that the significant changes in the energy industry reflect challenges and opportunities at global and national levels. According to him, these challenges and opportunities need to be addressed with innovations and solutions so that they can be faced effectively.

"It is very important for all of us who are present at this forum, including all industry players, to be able to work together in realizing the agenda for the provision of and cleaner energy solutions in support of a successful energy transition in Indonesia today and in the future," said Dian.

As is well known, the issue of global warming and climate change has surfaced since the Rio Summit in 1992. Efforts to prevent global warming and reduce carbon emissions have been embodied in the Paris Agreement in 2015 which aims to prevent global temperature increases of less than 2 degrees Celsius.

Indonesia itself is one of the countries that has ratified the Paris Agreement. The target that Indonesia has set is to reduce carbon emissions by 29% with its own efforts and 41% with support.

Luhut emphasized that Indonesia is committed and optimistic in reducing greenhouse gas (GHG) emissions according to the targets that have been set.

"It is hoped that the various policies, initiatives, programs and stimuli under-taken by the government can encourage the reduction of carbon emissions in the most effective and efficient way," concluded Luhut.

“Sebagai perusahaan global yang lahir di Indonesia, kami ingin bertumbuh bersama dengan industri tanah air dan menjadi mitra pemerintah dan pemangku kepentingan lainnya untuk mendukung Indonesia me-masuki transisi energi ini,” kata Dian.

Lebih lanjut, Dian juga mengatakan bahwa perubahan signifikan di industri energi mencerminkan tantangan dan peluang di tingkat global dan nasional. Tantangan dan peluang ini menurutnya perlu disikapi dengan inovasi dan solusi agar bisa dihadapi secara efektif.

“Sangatlah penting bagi kita semua yang hadir di forum ini, termasuk seluruh pelaku industri, untuk dapat bekerjasama guna mewujudkan agenda penyediaan dan solusi energi yang lebih bersih dalam mendukung kesuksesan transisi energi di Indonesia saat ini dan di masa mendatang,” tegas Dian. Seperti diketahui, isu pemanasan global dan perubahan iklim sudah mengemuka sejak Rio Summit tahun 1992. Upaya untuk men-cegah pemanasan global dan pengurangan emisi karbon telah diwujudkan dalam Paris Agreement pada 2015 yang bertujuan untuk mencegah kenaikan suhu global kurang dari 2 derajat Celcius.

Indonesia sendiri merupakan salah satu negara yang telah meratifikasi Paris Agreement. Adapun target telah Indonesia canangkan ialah mengurangi emisi karbon sebesar 29% dengan upaya sendiri dan 41% dengan dukungan.

Luhut menegaskan, Indonesia berkomitmen dan optimistis dalam mengurangi emisi Gas Rumah Kaca (GRK) sesuai target yang telah dicanangkan.

“Berbagai kebijakan, inisiatif, program dan stimulus yang dilakukan pemerintah saat ini diharapkan dapat mendorong pengurangan emisi karbon dengan cara yang paling efektif dan efisien,” tutup Luhut.

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Copper Prices Rise Significantly,

Beware of Stock Hedging

Confounded

Author: Ika Fatma Ramadhansari

C

OPPER is one of the best performing commodities. The price of this commodity within a few trading days returned to penetrate US$ 10,000 per ton in line with the start of industrial activity.

Based on Bloomberg data, copper prices last week reached US$ 10,000 for the first time in a decade, driven by a surge in manufacturing output in all parts of the industrial economy.

As is known, copper prices recorded a record high in February 2011 at US$ 10,190 per ton. Meanwhile, in trading on Wednesday (5/6/2021), copper prices on the London Metal Exchange (LME) had strengthened to a level of US$ 10,040 per ton before trading at the level of US$ 9,949.50 per ton.

Meanwhile, on a year to date (ytd) basis, the price of the commodity known as the global economic compass has strengthened by 28.12 percent on the LME.

The increase in copper prices was also triggered by a statement by US Treasury Secretary Janet Yellen who did not see the possibility of an increase in the benchmark interest rate to curb inflation due to the flushing of the stimulus package issued by US President Joe Biden.

The increase in demand and demand has made investors more cautious about the opportunities for this copper price hike. So that investors focus on reopening and restoring demand.

Harga Tembaga Naik

Signifikan, Waspada Terkecoh

Hedging Saham

Author: Ika Fatma Ramadhansari

T

EMBAGA menjadi salah satu komoditas yang berkinerja terbaik. Harga komoditas ini dalam beberapa hari perdagangan kembali menembus US$10.000 per ton seiring dengan dimulainya aktivitas industri. Berdasarkan data Bloomberg, harga tembaga minggu lalu mencapai US$10.000 untuk pertama kalinya dalam satu dekade terakhir, didorong oleh lonjakan output manufaktur di semua bagian ekonomi industri.

Seperti diketahui, harga tembaga mencatat-kan rekor tertingginya pada februari 2011 lalu di angka US$10.190 per ton. Sementara pada perdagangan Rabu (5/6/2021), harga tembaga pada London Metal Exchange (LME) sempat menguat hingga ke level US$10.040 per ton sebelum diperdagangkan pada level US$9.949,50 per ton.

Adapun, secara year to date (ytd), harga komoditas yang dijuluki sebagai kompas perekonomian global ini telah menguat sebesar 28,12 persen pada LME.

Penguatan harga tembaga ini juga dipicu pernyataan Menteri Keuangan AS Janet Yellen yang tidak melihat adanya kemung-kinan peningkatan suku bunga acuan untuk menghambat laju inflasi akibat gelontoran paket stimulus yang dikeluarkan Presiden AS Joe Biden.

Kenaikan permintaan harga dan permintaan ini membuat investor lebih berhati-hati melihat peluang kenaikan harga tembaga ini. Sehingga investor fokus pada pem-bukaan kembali dan pemulihan permintaan.

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Daily News Update Page 15 "Industrial metals continue to strengthen

amid rising inflation expectations. Investors are increasingly focused on reopening and restoring demand, especially outside China, which has become more pronounced lately," said Warren Patterson and Wenyu Yao, commodity strategists at ING Groep NV quoted from Bloomberg on Thursday (6/5/2021 ).

Major banks, including Goldman Sachs Group Inc., and trading houses such as Trafigura Group have forecast copper prices will surpass their 2011 record as global decarbonization drives increased consumption.

So that the global copper market will experience a deficit this year because demand jumps 6 percent, outpacing supply growth, according to Bank of America Corp. quoted by Bloomberg.

The bank said the jump in price could be US$ 13,000 as supplies run low. However, increasing residual inventories will help restore market equilibrium in 2023.

Meanwhile, based on the Commodity Market Outlook April 2021 report, it is stated that sharp price movements in almost all commodity sectors can have a significant macroeconomic impact for commodity exporters, with many developing markets and countries that rely heavily on metals, especially copper and aluminum, for export revenue.

"Metal price shocks appear to have an asymmetric effect, with small and temporary increases in price expansion of activity, but falling prices are associated with a more pronounced slowdown in growth as well as fiscal revenues and export losses," wrote the World Bank in its April 2021 Commodity Market Outlook report, quoted Thursday (6/5/2021).

“Logam industri terus menguat di tengah kenaikan ekspektasi inflasi. Investor semakin fokus pada pembukaan kembali dan pemulihan permintaan, terutama di luar China, yang telah menjadi lebih jelas akhir-akhir ini," ungkap Warren Patterson dan Wenyu Yao, ahli strategi komoditas ING Groep NV dikutip dari Bloomberg pada Kamis (6/5/2021).

Bank-bank besar, termasuk Goldman Sachs Group Inc., dan trading house seperti Trafigura Group telah memperkirakan harga tembaga akan melampaui rekor 2011 mereka sebagai global dekarbonisasi men-dorong peningkatan konsumsi.

Sehingga pasar tembaga global akan mengalami defisit tahun ini karena per-mintaan melonjak 6 persen, melampaui pertumbuhan pasokan, menurut Bank of America Corp dikutip Bloomberg.

Bank tersebut mengatakan lonjakan harga bisa menjadi US$13.000 karena persediaan menipis. Namun persediaan sisa meningkat akan membantu mengembalikan keseim-bangan pasar pada tahun 2023.

Sementara itu berdasarkan laporan Commodity Market Outlook April 2021 disebutkan pergerakan harga yang tajam pada hampir di seluruh sektor komoditas dapat memiliki dampak makroekonomi yang signifikan bagi eksportir komoditas, dengan banyak pasar dan negara berkembang yang sangat bergantung pada logam, terutama tembaga dan aluminium, untuk pendapatan ekspor.

“Guncangan harga logam tampaknya me-miliki dampak asimetris, dengan kenaikan harga yang kecil dan bersifat sementara di ekspansi aktivitas, tetapi penurunan harga diasosiasikan dengan perlambatan pertum-buhan yang lebih nyata serta pendapatan fiskal dan kerugian ekspor,” tulis Bank Dunia dalam laporan Commodity Market Outlook April 2021, dikutip Kamis (6/5/2021).

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Daily News Update Page 16 The report then highlights the importance

of counter-cyclical policy measures when responding to changes in commodity prices. It was stated that the copper price shock was also expected to behave in the same way as other metal price hikes. In the Emerging Market and Developing Economies (EMDE), the share of copper exporters found a statistically increasing economic activity after the price of copper rose significantly.

However, on the importers side of copper, there was no significant effect, in line with the impacts of other metals. An asymmetric response is also observed in copper exporters where a surge in copper prices is expected to lead to an increase in output in copper exporter EMDE by 0.07 percent after two years.

But then the effect dissipated and resulted in a fall in copper price output that more than tripled (0.22 percent) in the two years following the shock. Then the effect will remain significant for three years.

The same thing was also expressed by the Director of TRFX Garuda Berjangka Ibrahim. According to him, copper prices can jump sharply due to the use of hedging instruments in the stock market.

"This is just a game of speculators who play hedging because they cannot play physically, so they play in hedging, in stocks on a long term basis," said Ibrahim when contacted by Bisnis on Thursday (6/5/2021).

According to him, market players took advantage of the available information and then statistically made copper prices rise until it reached the price of US$ 10,000 per ton. According to him, this trick does not only happen to copper but also to other commodities.

Laporan ini kemudian menyoroti pentingnya langkah-langkah kebijakan counter-cyclical ketika menanggapi perubahan harga komo-ditas. Disebutkan bahwa guncangan harga tembaga ini diperkirakan juga akan berlaku sama dengan lonjakan harga logam lainnya. Pada Emerging Market dan Developing Economies (EMDE) bagian eksportir tembaga ditemukan peningkatan aktivitas ekonomi secara statistik setelah harga tembaga naik signifikan.

Namun di sisi importir tembaga tidak ditemukan pengaruh signifikan, sejalan dengan dampak logam jenis lainnya. Respon asimetris juga yang diamati pada eksportir tembaga di mana lonjakan harga tembaga diperkirakan akan menyebabkan pening-katan output di EMDE pengekspor tembaga sebesar 0,07 persen setelah dua tahun. Namun kemudian efek tersebut menghilang dan menjadi jatuhnya output harga tembaga lebih dari tiga kali lipat (0,22 persen) dalam dua tahun setelah guncangan. Lalu efek tersebut akan tetap ada signifikan selama tiga tahun.

Hal serupa juga diungkapkan oleh Direktur TRFX Garuda Berjangka Ibrahim. Menurut-nya saat ini harga tembaga bisa melonjak tajam dikarenakan penggunaan instrumen hedging atau lindung nilai di pasar saham. “Ini hanya permainan spekulan yang bermain hedging karena mereka tidak bisa bermain di fisik sehingga mereka bermain di hedging, di saham secara long term,” ujar Ibrahim saat dihubungi Bisnis pada Kamis (6/5/2021).

Menurutnya para pelaku pasar meman-faatkan informasi yang ada dan kemudian membuat harga tembaga naik secara statistik hingga sampai menembus harga US$10.000 per ton. Trik ini menurutnya tidak hanya terjadi pada tembaga melainkan juga pada komoditas lain.

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Daily News Update Page 17 Ibrahim revealed that currently there is no

physical movement at all because the country is in a recession. Even though the economy has improved, during the Covid-19 pandemic, it can be seen from the number of countries that have implemen-ted lockdowns, even to this day, which has choked up economic activity.

So that hedging could be used by copper companies to cover physical losses that occurred during the pandemic. However, because of this significant price increase, Ibrahim predicted that the price of copper will decline after the pandemic. "So the increase is not in accordance with its nature, so that when the economy improves, the price of copper will no longer increase, it will definitely go down," said Ibrahim. Editor: Aprianto Cahyo Nugroho

Ibrahim mengungkapkan secara fisik saat ini tidak ada sama sekali pergerakan karena negara dalam kondisi resesi. Walaupun memang perekonomian sudah membaik, tetapi selama pandemi Covid-19 ini bisa dilihat dari banyaknya negara yang me-lakukan lockdown bahkan sampai saat ini yang membuat aktivitas ekonomi tersendat. Sehingga hedging bisa dimanfaatkan oleh perusahaan tembaga untuk menutupi kerugian fisik yang terjadi selama masa pandemi. Namun karena kenaikan harga yang signifikan ini, Ibrahim memperkirakan harga tembaga akan mengalami penurunan setelah masa pandemi. “Jadi itu kenaikan tidak sesuai dengan kodratnya, sehingga pada saat nanti ekonomi membaik, harga tembaga bukan lagi naik, pasti akan turun,” kata Ibrahim. Editor : Aprianto Cahyo Nugroho

Coal Price to The Moon, the

Shares are On Fire!

Aldo Fernando, CNBC Indonesia

T

HE MAJORITY of shares of coal mining issuers shot into the green zone this morning, Friday (7/5/2021). The streng-thening of these shares occurred as coal contract prices closed at their highest level in the last two months.

The following is the movement of coal stocks, at 09.59 WIB.

1. Delta Dunia Makmur (DOID), shares +1.08%, to Rp. 376, transaction of Rp. 27 billion

2. Bukit Asam (PTBA), shares +0.87%, to Rp. 2,310, transaction of Rp. 7 billion 3. Adaro Energy (ADRO), shares +0.84%,

to Rp 1,195, transaction of Rp 26 billion

Harga Batu Bara to The Moon,

Saham-Sahamnya On Fire!

Aldo Fernando, CNBC Indonesia

M

AYORITAS saham emiten tambang batu bara melesat di zona hijau pagi ini, Jumat (7/5/2021). Penguatan saham-saham ini terjadi seiring harga kontrak batu bara ditutup berada di level tertingginya dalam dua bulan terakhir.

Berikut gerak saham batu bara, pukul 09.59 WIB.

1. Delta Dunia Makmur (DOID), saham +1,08%, ke Rp 376, transaksi Rp 27 M 2. Bukit Asam (PTBA), saham +0,87%, ke

Rp 2.310, transaksi Rp 7 M

3. Adaro Energy (ADRO), saham +0,84%, ke Rp 1.195, transaksi Rp 26 M

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Daily News Update Page 18 4. Indika Energy (INDY), shares + 0.68%,

to Rp 1,490, transaction of Rp 17 billion 5. Indo Tambangraya Megah (ITMG),

shares +0.62%, to Rp 12,200, transaction of Rp 4 billion

6. Bayan Resources (BYAN), shares +0.35%, to Rp. 14,200, transaction of Rp. 212 million

7. Bumi Resources (BUMI), 0.00% stake, to Rp 64, transaction of Rp 7 billion 8. Harum Energy (HRUM), shares -0.48%,

to Rp 5,175, transaction of Rp 5 billion 9. Borneo Olah Sarana Sukses (BOSS),

share -95%, to Rp. 95, transaction of Rp. 278 million

According to data from the Indonesia Stock Exchange (IDX), of the 9 stocks above, 6 stocks managed to advance in the green zone, 1 stock has not moved and the remaining 2 have sagged in the weakening zone.

As for the shares of issuers affiliated with the Northstar Group, DOID managed to be the highest, namely 1.08% to Rp 376/share. The transaction value of DOID shares is 27 billion.

This morning, DOID shares managed to rebound after 2 consecutive days of slumping into the red zone.

However, within a week DOID shares were still up 2.72%.

In second place, PTBA's shares rose 0.87% to Rp 2,310/share with a transaction value of Rp 7 billion.

In yesterday's trading, the shares of this state-owned company were stagnant at Rp 2,290/share.

As for the Bakrie Group's coal shares, BUMI, still has not moved from yesterday's closing price of Rp 64/share.

4. Indika Energy (INDY), saham +0,68%, ke Rp 1.490, transaksi Rp 17 M

5. Indo Tambangraya Megah (ITMG), saham +0,62%, ke Rp 12.200, transaksi Rp 4 M

6. Bayan Resources (BYAN), saham +0,35%, ke Rp 14.200, transaksi Rp 212 juta

7. Bumi Resources (BUMI), saham 0,00%, ke Rp 64, transaksi Rp 7 M

8. Harum Energy (HRUM), saham -0,48%, ke Rp 5.175, transaksi Rp 5 M

9. Borneo Olah Sarana Sukses (BOSS), saham -95%, ke Rp 95, transaksi Rp 278 juta

Menurut data Bursa Efek Indonesia (BEI), dari 9 saham di atas, 6 saham berhasil melaju di zona hijau, 1 saham belum bergerak dan 2 sisanya melorot di zona pelemahan.

Adapun saham emiten yang terafiliasi dengan Grup Northstar, DOID berhasil menjadi yang paling naik, yakni 1,08% ke Rp 376/saham. Nilai transaksi saham DOID sebesar 27 miliar.

Pagi ini, saham DOID berhasil rebound setelah dalma 2 hari beruntun merosot ke zona merah.

Kendati demikian, dalam sepekan saham DOID masih naik 2,72%.

Di tempat kedua ada saham PTBA yang naik 0,87% ke RP 2.310/saham dengan nilai transaksi sebesar Rp 7 miliar.

Pada perdagangan kemarin, saham emiten pelat merah ini stagnan di harga Rp 2.290/saham.

Adapun saham batu bara Grup Bakrie, BUMI, masih belum beranjak dari harga penutupan kemarin, yakni Rp 64/saham.

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Daily News Update Page 19 Unlike the majority of other shares, BOSS

shares and the shares of the issuer owned by businessman Kiki Barki HRUM are actually doing their activities in the red zone this morning.

HRUM shares were corrected 0.48% to Rp 5,175/share, while BOSS subsided by 1.04% to Rp 95/share.

Information only, At the close of trading yesterday (6/5/2021), the ICE Newcastle thermal coal futures contract price jumped 3.45% to US$ 95.90/ton. Whereas in the previous period coal prices tended to be flat.

Within a month the price of coal futures has risen 8.36%, while year to date (ytd) has risen 17.31%

The combination of the prospect of improving demand and tight supply as well as distribution problems have contributed to the lift in prices. When compared to last year's coal price has increased by more than 30% (yoy).

When the Covid-19 pandemic triggered lockdowns to occur everywhere and people's mobility was stagnated, demand for electricity and coal, especially for the commercial and industrial sectors, also fell. This year, with the incessant mass vaccination program, the prospects for economic growth will be better. Likewise with community mobility. This is expected to boost demand for various commodities, one of which is fuels such as oil and coal. The tight supply of Chinese coal due to safety inspections in various mining areas has reduced production amid increasing demand due to increased electricity consumption has made the country's benchmark coal price fly.

The increase in local coal prices causes utility company input costs to increase, thereby eroding profitability.

Berbeda dengan mayoritas saham lainnya, saham BOSS dan saham emiten milik peng-usaha Kiki Barki HRUM malah beraktivitas di zona merah pagi ini.

Saham HRUM terkoreksi 0,48% ke Rp 5.175/saham, sementara BOSS ambles 1,04% ke Rp 95/saham.

Informasi saja, Pada penutupan perdagangan kemarin (6/5/2021), harga kontrak futures (berjangka) batu bara termal ICE Newcastle melonjak 3,45% ke US$ 95,90/ton. Padahal di periode sebelumnya harga batu bara cenderung flat.

Dalam sebulan harga futures batu bara sudah naik 8,36%, sementara secara year to date (ytd) sudah terdongkrak 17,31%

Kombinasi antara prospek perbaikan permintaan dan ketatnya pasokan hingga masalah distribusi ikut membuat harga terangkat. Jika dibandingkan dengan tahun lalu harga batu bara sudah naik lebih dari 30% (yoy).

Ketika pandemi Covid-19 memicu lockdown terjadi di mana-mana dan mobilitas masya-rakat tersendat, permintaan listrik dan juga batu bara terutama untuk sektor komersial dan industri ikut turun.

Tahun ini dengan gencarnya program vaksinasi masal prospek pertumbuhan ekonomi akan lebih baik. Begitu juga dengan mobilitas masyarakat. Hal ini diharapkan dapat mendongkrak permintaan terhadap berbagai komoditas, salah satunya bahan bakar seperti minyak dan batu bara.

Ketatnya pasokan batu bara China akibat inspeksi keselamatan di berbagai area tambang yang menurunkan produksi di tengah kebutuhan yang meningkat akibat naiknya konsumsi listrik membuat harga batu bara acuan Negeri Panda terbang. Kenaikan harga batu bara lokal membuat biaya input perusahaan utilitas meningkat sehingga menggerus profitabilitas.

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Daily News Update Page 20 The price of imported coal is actually

cheaper than the local price. As a result, China's coal import tap is opened wider than usual.

The increase in demand for Chinese imports is expected to be able to offset the potential decline in demand from India, which is currently overwhelmed by the handling of the Covid-19 pandemic in an increasingly unstoppable country. CNBC INDONESIA RESEARCH TEAM (adf/adf)

Harga batu bara impor justru lebih murah ketimbang harga lokal. Akibatnya keran impor batu bara China dibuka lebih lebar dari biasanya.

Peningkatan permintaan impor China diharapkan mampu mengimbangi potensi penurunan permintaan dari India yang saat ini tengah kewalahan menangani pandemi Covid-19 di negaranya yang semakin tak terbendung. TIM RISET CNBC INDONESIA (adf/adf)

As China row deepens, 1 million tonnes of Australian copper

concentrate need new buyers

Frik Els

B

ULLISH sentiment has overtaken the copper market with the bellwether metal hitting a fresh milestone on Thursday in New York with prices peaking at $4.60 a pound or $10,140 a tonne.

Amid all the euphoria spare a thought for Australian copper miners though. The country’s copper producers have not been able to fully take advantage of a rally they helped create. Relations between Canberra and Beijing hit a new low on Thursday, but copper became a casualty of the spat many months ago.

Unlike the iron ore market where the countries’ steel mills and iron ore miners are joined at the hip and Beijing holds less sway in the trade relationship, Australia counted as only China’s number five supplier of copper before. With imports at zero since end-November under a ban that was never made official, as a swing supplier Australian producers can influence dynamics of the seaborne market and create headaches for Chinese smelters already dealing with historically low refining charges levied on miners.

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Daily News Update Page 21 Wood Mackenzie research director Gillian Moncur commented Thursday that Chinese smelters remain closed to concentrates from Australia compared to a peak of 108,000 tonnes in June last year.

“We estimate that the annual volume impacted is around 1.0 Mtpa of copper concentrate, which is looking for homes in other Asia Pacific smelters.

“This has resulted in China looking for concentrates from elsewhere, at a time when the market was very tight due to weather related issues, deferring shipments and other factors.”

Where does Australia’s metallurgical coal go?

Henry Ballard

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MINERALS Council of Australia (MCA) report has revealed that more than 60 per cent of the world’s seaborne coal exports come from Australia, with second place hardly keeping its head above water.

The report detailed the quality and importance of Australian coal and was the second in a series called ‘Best in Class: Australia’s Bulk Commodity Giants’.

Written by industry expert Anthony Le Bas, the report, titled ‘Australian Metallurgical Coal: Quality Sought Around the World’, details how more than 96 per cent of Australia’s metallurgical coal is exported overseas, with India, China and Japan three of the key markets. MCA chief executive officer Tania Constable emphasised the importance of the report and its subject matter in a global context.

“Metallurgical coal is a critical component for steel making and Australia’s quality attracts customers from around the world from Asian countries such as India, China, Japan, South Korea and Taiwan all the way to the EU,” Constable said.

Australia is easily the largest exporter of metallurgical coal in the world, with exports worth more than $40 billion. After our 184 million tonnes exported annually, the next largest exporter in 2019 was the United States with 50 million tonnes.

The report stated that in 2019, India accepted the most metallurgical coal imports from Australia, at over 45 million tonnes, while China sat just above 40 million tonnes.

Australia’s workforce relies heavily on the production of metallurgical coal and Constable highlighted just how important it is.

“Australia’s world-leading metallurgical coal mines provide jobs for thousands of Australians in regional areas and contribute significantly to the local and national economy, and these areas are well placed to continue producing metallurgical coal for years to come to support global growth and infrastructure development,” Constable said.

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Daily News Update Page 22 While the report said only 30 per cent of global steel is made using an electric blast furnace (EFC) as compared to 70 per cent in a blast furnace (BF), both the report and Constable acknowledged how the need for low-carbon technologies in the coal and steel making industry is becoming a higher priority.

“MCA member companies are already taking action to further reduce emissions from the use of metallurgical coal,” Constable said.

“The accelerated deployment of existing low emissions technologies and greater research and development of new and emerging technologies will be required to ensure the world is able to achieve the emissions reduction goals of the Paris Agreement.”

Coal and Coke Export in January-February 2021 Up

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CCORDING to the RF Federal Customs Service, in January-February 2021 Russia exported 27.5 mn tons of coal, up 3.4% year-on-year. In terms of value, coal export amounted to $1.7 bn, down 4.9% year-on-year.

Coal import during the period under report made 2.8 mn tons, down 20.6% year-on-year, worth $59.8 mn, up 11.4% year-on-year.

Coke and coal char export in January-February 2021 made 599.3 thousand tons, up 93.8% year-on-year, worth $123.5 mn (up 2-fold year-on-year).

26,587.7 27,498.1

309.3 599.3

1,746.8 1,660.5

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Daily News Update Page 23 In February, coal export made 15.3 mn tons, up 8.9% year-on-year and up 25.7% on-month. Value-wise, coal export increased by 2.1% year-on-year and grew by 27.7% month-on-month making $931.1 mn.

Coke and coal char export in February amounted to 318.6 thousand tons, up 2.3-fold year-on-year and up 13.5% month-on-month. In terms of value it was worth $70.6 mn, up 2.4-fold year-on-year and up 33.5% month-on-month.

The World’s Top Copper Nation Moves Closer to Giant Tax Hike

By James Attwood and Valentina Fuentes

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HILE’s lower house approved introducing progressive taxes on copper sales in what could become one of the heaviest levies in global mining, potentially stalling investments and boosting prices.

Lawmakers, who had already approved a bill to introduce a flat 3% on sales of both copper and lithium, on Thursday voted 78 to 55 to add a mechanism of marginal rates as copper prices rise, with the highest bracket set at 75%.

14,060.5 12,183 15,315.1 141.2 280.7 318.6 29 52.9 70.6 911.7 729.3 931.1

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Daily News Update Page 24 In doing so, the world’s biggest copper industry now moves closer to what the local mining society describes as an “almost expropriatory” system. Its proponents, including Communist Party representative Daniel Nunez, said the new mechanism would reap $7 billion a year at a time when Chile is looking to resolve lingering inequalities. Opposed by the government, the bill now goes to senate.

“It’s imperative that we recover economic returns for the people of Chile via mining royalties rather than continuing to gift private transnational companies,” opposition lawmaker Giorgio Jackson said before the vote.

Copper futures have rallied to the highest levels since the last supercycle a decade ago, benefiting from a recovering global economy and the clean-energy transformation. Surging prices have prompted politicians in some host nations to seek a bigger share of the windfall to fight poverty. For producers, the blow from steeper taxes may be partly offset by even higher prices as an investment slowdown inhibits their ability to meet future demand.

In Chile, the modification adds marginal rates starting at 15% on sales derived from copper prices of between $2 and $2.50 a pound and as much as 75% when prices exceed $4. At current levels, the effective rate would be 21.5%, although miners could discount refining costs. Representatives voted for Albemarle Corp. and Soc. Quimica & Minera de Chile SA to continue paying as much as 40% on lithium sales from the Atacama salt flat.

40.7% 44.6%

40.1% 41.6% 40.3%

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Daily News Update Page 25 The government has estimated that the total tax burden for large miners would exceed 80%. Some opposition lawmakers have said the new system would replace an existing tax, meaning the total burden would be more like 50%. That would still be higher than other major copper-producing countries.

Chilean mines run by companies including BHP Group and state-controlled Codelco account for 28% of global copper. But many large operations are mature, requiring heavy investments to maintain output levels.

“This would at the very least delay any new capacity, extending the lengthy time-line to bring on a new mine,” said Grant Sporre, an analyst at Bloomberg Intelligence. “Chile’s output could start to fade.”

The government has indicated it could seek to block its passage via the Constitutional Court given it was introduced by the opposition. The new system wouldn’t be introduced until 2024 after lawmakers voted to respect companies’ stability agreements that expire in 2023.

Both company and government representatives in Chile want the existing sliding tax on profit, rather than sales, to be given a chance to operate at high prices of $4-plus a pound. The initial royalty proposal, introduced in 2018 by opposition lawmakers, has gained momentum amid rallying metal prices and surging profits. It would fund regional development projects, responding to the rising social and environmental standards of investors and supply chains.

Countries around the world are also looking at new revenue sources to help citizens recover from the pandemic. In Chile, efforts to feed state coffers are being intensified by a process to draft a new constitution after a spate of protests over social and economic inequalities in the months before the pandemic. Lawmakers have passed bills to allow Chileans to tap part of pension savings and are proposing a levy on the super rich and a minimum wage increase. “This is part of the array of bills intended to create and exacerbate hate among Chileans,” Luciano Cruz-Coke, a government-aligned lawmaker, said before the vote. “We won’t indulge the left by handing over copper to bad public policy and killing the country’s main source of income.” — With assistance by Tom Azzopardi

Colombian coal exports drop 65.1% on week: Kpler

Author: Tyler Godwin, Editor: Valarie Jackson

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OLOMBIA exported roughly 598,272 mt of coal on 12 coal carriers in the week ended May 5, down 65.1% from 22 ships carrying 1.71 million mt the previous week, according to commodities data provider Kpler.

More than 53%, or 317,365 mt, are headed to Panama, while 148,600 mt and 86,345 mt were shipped to Israel and Chile, respectively, according to the data.

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