TABLE OF CONTENTS. No. Title Media Source Page

(1)

Daily News Update Page 1

Kiwoom Sekuritas analyst Sukarno Alatas said the upward trend in industrial metal prices gave positive sentiment to the performance of issuers in the industrial metal sector. "The impact on industrial metal issuers' performance will increase along with high metal prices," Sukarno said, Sunday (10/10).

However, Sukarno said that the rising trend of industrial metal prices should be used by issuers to boost sales volume. If the sales volume drops significantly, it can make revenue not grow even though there is an increase in the average selling price.

In the second quarter of 2021, the sales volume of PT Vale Indonesia Tbk (INCO) rose 7% compared to the first quarter of 2021 to US$ 208.4 million.

Harga logam industri naik, cek lagi rekomendasi saham emiten

sektor ini

Reporter: Danielisa Putriadita | Editor:

Khomarul Hidayat

H

ARGA logam industri yang naik bakal menopang pertumbuhan kinerja emiten di sektor ini. Analis juga optimistis kinerja sektor logam industri akan meningkat seiring meningkatnya permintaan di tengah pemulihan ekonomi.

Mengutip Bloomberg, harga nikel kontrak 3 bulan di London Metal Exchange (LME) per Jumat (8/10) naik 15,69% secara year to date (ytd) ke US$ 19.221 per metrik ton.

Kompak, harga timah juga naik 77,68% ytd ke US$ 36.156. Sementara, harga emas di Commodity Exchange masih menurun 8,05% ytd.

Analis Kiwoom Sekuritas Sukarno Alatas mengatakan, tren kenaikan harga logam industri memberi sentimen positif bagi kinerja emiten sektor logam industri.

"Dampak ke emiten logam industri kinerja- nya akan meningkat seiring kenaikan harga logam yang tinggi," kata Sukarno, Minggu (10/10).

Namun, Sukarno mengatakan, tren kenaikan harga logam industri ini harus para emiten manfaatkan untuk menggenjot volume penjualan. Jika volume penjualan turun signifikan bisa membuat pendapatan tidak tumbuh meski adanya kenaikan rata- rata harga jual.

Pada kuartal II-2021, volume penjualan PT Vale Indonesia Tbk (INCO) naik 7% dibandingkan pada kuartal I-2021 jadi sebesar US$ 208,4 juta.

(4)

Meanwhile, sales of PT Aneka Tambang Tbk (ANTM) in the first semester of 2021 grew 87 percent to Rp 17.28 trillion from Rp 9.24 trillion in the same period last year.

However, the sales volume of PT Timah Tbk (TINS), fell 60% from the original 31,508 tons in the first semester of 2021 to 12,523 in the first semester of 2021.

Sukarno projects that this year's sales volume for the industrial metal sector will potentially be higher than last year.

Positive sentiment comes from potentially higher demand as vaccine distribution has expanded globally. As a result, industrial activities are also running again so that sales volume can increase.

"Global vaccination is already high, so the possibility of another lockdown is slim,"

Sukarno said.

For TINS sales volume, Sukarno projects that in the rest of this year TINS will be able to catch up with sales volume compared to semester I-2021. As a result, Sukarno remains optimistic that TINS' performance throughout this year will continue to grow.

Sukarno advocated INCO among the industrial metal sector issuers. The reason is that INCO has a cheaper valuation ratio at PBV of 1.62 times. Meanwhile, the valuation of TINS is at 2.26 times and ANTM is at 2.83 times.

According to Sukarno, INCO is superior because it has a fairly low debt ratio at 0.14 times compared to its competitors.

Sukarno recommended buying INCO with a medium-term target price of Rp 5,325-Rp 5,550 per share.

The challenge for the industrial metal sector going forward is if the upward trend in prices is corrected. For example, the price of gold is currently still declining along with the economic recovery.

Sementara, penjualan PT Aneka Tambang Tbk (ANTM) di sepanjang semester I-2021, tumbuh 87% menjadi Rp 17,28 triliun dari Rp 9,24 triliun di periode yang sama tahun lalu.

Namun, volume penjualan PT Timah Tbk (TINS), turun 60% dari semula 31.508 ton di semester I-2021 menjadi 12.523 di semester I-2021.

Sukarno memproyeksikan di sepanjang tahun ini volume penjualan sektor logam industri berpotensi lebih tinggi dibanding tahun lalu. Sentimen positif datang dari permintaan yang berpotensi lebih tinggi karena distribusi vaksin sudah meluas secara global. Dampaknya, aktivitas industri juga kembali berjalan sehingga volume penjualan bisa meningkat.

"Vaksinasi global sudah tinggi, sehingga kemungkinan akan lockdown kembali menjadi tipis," kata Sukarno.

Untuk volume penjualan TINS, Sukarno memproyeksikan, di sisa tahun ini TINS akan mampu mengejar ketertinggalan volume penjualan dibandingkan semester I-2021. Alhasil, Sukarno tetap optimistis kinerja TINS di sepanjang tahun ini akan tetap tumbuh.

Sukarno menjagokan INCO diantara emiten sektoral logam industri. Alasannya, INCO memiliki rasio valuasi yang lebih murah di PBV 1,62 kali. Sedangkan, valuasi TINS di 2,26 kali dan ANTM di 2,83 kali.

Menurut Sukarno, INCO lebih unggul karena memiliki rasio utang yang cukup rendah di 0,14 kali dibandingkan kompe- titornya. Sukarno merekomendasikan beli INCO dengan target harga jangk a menengah di Rp 5.325-Rp 5.550 per saham.

Tantangan sektor logam industri ke depan adalah jika tren kenaikan harga terkoreksi.

Seperti, harga emas saat ini masih menurun seiring pemulihan ekonomi.

(5)

Furthermore, a significant increase in metal prices also has the potential for a decline in the future.

However, in the long term, Sukarno remains optimistic that issuers in this sector have the opportunity to record positive performance, especially those selling nickel in line with the demand for this commodity for use in electric cars.

Meanwhile, RHB Sekuritas analyst Andrey Wijaya in his research, recommends buying shares of PT Merdeka Copper Gold (MDKA) with a target price of Rp 3,140 per share. Factors that support MDKA's performance come from the improvement in the increase in production volume.

Andrey projects that MKDA's copper production volume will increase by 191%

yoy. Meanwhile, copper price is projected to be stable at US$ 9,000 or up 35% yoy.

The challenges ahead for this sector also come if global demand for commodities weakens more slowly than expectations of global economic recovery.

Selanjutnya, kenaikan harga logam yang signifikan juga berpotensi terjadi penurunan di masa depan.

Namun, secara jangka panjang, Sukarno tetap optimistis emiten sektor ini ber- peluang catatkan kinerja positif apalagi yang menjual nikel seiring permintaan komoditas tersebut untuk penggunaan dalam mobil listrik.

Sementara, Analis RHB Sekuritas Andrey Wijaya dalam risetnya, merekomendasikan beli saham PT Merdeka Copper Gold (MDKA) dengan target harga Rp 3.140 per saham. Faktor yang mendukung kinerja MDKA datang dari perbaikan peningkatan volume produksi.

Andrey memproyeksikan volume produksi tembaga MKDA naik 191% yoy. Sementara harga tembaga diproyeksikan stabil di US$

9.000 atau naik 35% yoy.

Tantangan ke depan sektor ini juga datang bila permintaan global untuk komoditas melemah lebih lambat dari ekpektasi perbaikan ekonomi global.

Coal Prices Soar, Companies are Urged to Comply with DMO's

Commitment

Author: Rayful Mudassir

C

OAL mining companies are asked to commit to complying with the domestic market obligation [DMO] for domestic power generation needs in the midst of rising prices at the global level.

Chairman of the Indonesian Mining and Energy Forum (IMEF) Singgih Widagdo said that the main priority is the management of coal resources for domestic needs.

Harga Batu Bara Melonjak, Perusahaan Didesak Patuhi

Komitmen DMO

Author: Rayful Mudassir

P

ERUSAHAAN tambang batu bara diminta untuk berkomitmen memenuhi ketentuan domestik market obligation [DMO] untuk kebutuhan pembangkit listrik dalam negeri di tengah memanasnya harga pada tingkat global.

Ketua Indonesian Mining and Energy Forum (IMEF) Singgih Widagdo mengatakan bahwa prioritas utama pengelolaan sumber daya batu bara untuk kebutuhan dalam negeri.

(6)

Even the government has the authority to set limits on coal production and prices.

This commitment is needed in line with the high world demand for coal. Even though the price of this commodity continues to heat up, coal is still relatively easy to use compared to other fuels, making it a target for the global market.

“From a concern perspective [reduced supply of coal to PLN] could happen.

Especially if he does not have a contract with PLN. If he does have a contract, like it or not, he is obliged to do so," he told Bisnis, Sunday (10/10/2021).

Even so, he assessed that the imposition of penalties for violators of the DMO provisions is not an easy thing for the government. The reason is, the disparity in domestic prices for electricity needs with the global market is too far.

Therefore, the executive issued Ministerial Decree No. 139.K/HK/02/MEM.B/2021 concerning the Fulfillment of Domestic Coal Needs. This regulation regulates the obligation of coal entrepreneurs to distribute 25 percent of the planned production in the current year.

In addition, the price set in the DMO is US$70 per metric ton free on board (DOB) vessel. The price specifications are based on the reference calorie of 6,322 kcal/kg GAR, 8 percent total moisture, 0.8 percent total sulfur and 15 percent ash.

From this regulation, the government inevitably involves the Ministry of EMR to ensure that mining companies' commitments, in particular, have a contract with PLN to carry out their commitments.

Last August, the ministry had imposed export ban sanctions on 34 coal companies. The reason is that this mining does not fulfill the distribution obligation for domestic needs. Recently,...

Bahkan pemerintah berwenang dalam mene- tapkan batasan produksi dan harga batu bara.

Komitmen ini diperlukan sejalan dengan tingginya kebutuhan dunia terhadap batu bara. Meski harga komoditas ini terus memanas, batu bara masih terbilang lebih mudah dibandingkan bahan bakar lain sehingga menjadi incaran di pasar global.

“Kalau dari sisi kekhawatiran [berkurangnya suplai batu bara ke PLN] bisa saja terjadi.

Apalagi kalau dia tidak mempunyai kontrak dengan PLN. Kalau memang memiliki kontrak kan mau tidak mau dia berkewajiban kontrak tersebut,” katanya kepada Bisnis, Minggu (10/10/2021).

Meski begitu, dia menilai pengenaan penalti bagi pelanggar ketentuan DMO bukan hal mudah bagi pemerintah. Pasalnya, disparitas harga dalam negeri untuk kebutuhan listrik dengan pasar global terlampau jauh.

Sebab itu, eksekutif menerbitkan Keputusan Menteri No. 139.K/HK/02/MEM.B/2021 tentang Pemenuhan Kebutuhan Batu Bara Dalam Negeri. Regulasi ini mengatur soal kewajiban pengusaha batu bara menyalurkan 25 persen dari rencana produksi pada tahun berjalan.

Selain itu, harga yang ditetapkan dalam DMO senilai US$70 per metrik ton free on board (DOB) vessel. Adapun spesifikasi harga tersebut didasarkan pada acuan kalori 6.322 kcal/kg GAR, total moisture 8 persen, total sulphur 0,8 persen dan ash 15 persen.

Dari aturan ini, pemerintah mau tidak mau Kementerian ESDM meibatkan diri untuk mengawal agar komitmen perusahaan tambang khususnya memiliki kontrak dengan PLN untuk menjalankan komitmennya.

Pada Agustus lalu, kementerian sempat mem- berikan sanksi larangan ekspor kepada 34 perusahaan batu bara. Sebabnya, pertambangan ini tidak memenuhi kewajiban penyaluran untuk kebutuhan domestik.

Belakangan,...

(7)

Recently, a number of companies have again received export permits after complying with the stipulated regulations.

According to Singgih, domestic needs must be a top priority according to the mandate of the law. In addition, he reminded the mining industry was built for domestic interests, including revenue for the government. In addition, electricity in Indonesia must also be guaranteed.

"The government must oversee so that the commitment is built," he said. Editor : Yustinus Andri DP

Belakangan, sejumlah perusahaan kembali mendapat izin ekspor usai memenuhi aturan yang ditetapkan.

Menurut Singgih, kebutuhan dalam negeri harus menjadi prioritas utama sesuai amanat UU. Selain itu, dia mengingatkan industri pertambangan dibangun untuk kepentingan dalam negeri termasuk penerimaan bagi pemerintah. Selain itu, kelistrikan di Indonesia juga harus terjamin.

“Pemerintah harus mengawal agar komitmen itu terbangun,” tuturnya. Editor : Yustinus Andri DP

Indo Tambang Buys Heavy Equipment and Prepares New

Mines

Nabil Al Faruq

P

T INDO Tambangraya Megah Tbk (ITMG) estimates that capital expenditure (capex) in semester II-2021 will increase, in line with heavy equipment investment and preparation of new mining sites for its subsidiary, PT Graha Panca Karsa (GPK).

Until now, the company has absorbed a capex of US$ 4.8 million from this year's total budget of US$ 40.5 million. The capex is used to support the company's business, such as maintenance and development of infrastructure throughout the mine.

Director of Corporate Communications &

Investor Relations of Indo Tambangraya Megah Yulius Gozali said the source of capex funds came entirely from internal cash. "The realization of this capital expenditure must be monitored carefully to ensure the use of capital expenditure is in accordance with the plan," he told Investor Daily recently.

Indo Tambang Belanja Alat Berat dan Persiapan Tambang

Baru

Nabil Al Faruq

P

T INDO Tambangraya Megah Tbk (ITMG) memperkirakan belanja modal (capital expenditure/capex) pada semester II-2021 bakal meningkat, seiring investasi alat berat dan persiapan lokasi tambang baru anak usahanya, PT Graha Panca Karsa (GPK).

Hingga kini, perseroan telah menyerap capex sebesar US$ 4,8 juta dari total anggaran tahun ini yang mencapai US$ 40,5 juta. Capex tersebut digunakan untuk mendukung bisnis perseroan, seperti pemeliharaan dan pengembangan infrastruktur di seluruh tambang.

Direktur Komunikasi Korporat & Hubungan Investor Indo Tambangraya Megah Yulius Gozali mengatakan, sumber dana capex sepenuhnya berasal dari kas internal.

“Realiasi belanja modal ini harus diawasi dengan hati-hati guna memastikan penggunaan belanja modal yang sesuai dengan perencanaan,” kata dia kepada Investor Daily, baru-baru ini.

(8)

Meanwhile, the company began to develop new renewable energy (EBT). Develop- ments are carried out starting from green energy-based mineral mining to solar roof panel projects.

Indo Tambangraya President Director Megah Mulianto said that in the next 5-10 years, the company will still focus on the coal business. However, the company is exploring mineral mining based on clean tech or green energy. "The minerals can be bauxite, nickel, gold, and other mineral mines that support future transfor- mations," he explained.

In addition to exploring new mineral mines, Indo Tambang is looking for partners for the installation of solar roof panels. The company is finalizing the construction plan for a Solar Power Plant (PLTS) at the Port of Melak. This PLTS is equipped with an energy storage system to ensure an adequate and stable electricity supply.

According to Mulianto, in the trans- formation launched by Indo Tambang, the development of the coal business is still being carried out. Therefore, the company will continue to explore coal mines to increase existing reserves.

In terms of production, the company targets 19-19,9 million tons of coal production this year. Meanwhile, sales are targeted to be 21.5-22.4 million tons. So far, China is still the main contributor to sales of 30%, Indonesia 19%, Japan 16%

and other countries. Of the total sales, the company has obtained 79% of sales contracts. Then, as much as 56% of the selling price has been determined, another 24% refers to the coal price index. While 21% have not been sold.

Sementara itu, perseroan mulai mengem- bangkan energi baru terbarukan (EBT).

Pengembangan dilakukan mulai dari tambang mineral berbasis energi hijau (green energy) hingga proyek panel atap tenaga surya.

Direktur Utama Indo Tambangraya Megah Mulianto mengatakan, dalam 5-10 tahun mendatang, perseroan memang masih fokus pada bisnis batu bara. Namun, perseroan sedang menjajaki tambang mineral berbasis clean tech atau green energy. “Mineralnya bisa bauksit, nikel, emas, dan tambang mineral lain yang mendukung transformasi ke depan," jelas dia.

Selain menjajaki tambang mineral baru, Indo Tambang sedang mencari mitra untuk instalasi panel atap tenaga surya.

Perseroan sedang memfinalisasi rencana konstruksi Pembangkit Listrik Tenaga Surya (PLTS) di Pelabuhan Melak. PLTS ini dilengkapi dengan sistem penyimpanan energi untuk memastikan pasokan listrik yang memadai dan stabil.

Menurut Mulianto, dalam transformasi yang dicanangkan Indo Tambang, pengembangan bisnis batu bara tetap dilakukan.

Karena itu, perseroan akan terus meng- eksplorasi tambang batu bara untuk menambah cadangan yang ada.

Dari sisi produksi, perseroan menargetkan produksi batu bara sebanyak 19-19,9 juta ton tahun ini. Sedangkan penjualan ditargetkan menjadi 21,5-22,4 juta ton.

Sejauh ini, Tiongkok masih menjadi penyumbang utama penjualan sebesar 30%, Indonesia 19%, Jepang 16% dan negara-negara lainnya. Dari total penjualan tersebut, perusahaan telah mendapatkan 79% kontrak penjualan. Lalu, sebanyak 56% harga jualnya telah ditetapkan, 24%

lagi mengacu pada indeks harga batu bara.

Sedangkan 21% belum terjual.

(9)

As of the first semester of 2021, the company recorded net sales of US$ 676 million and gross profit margin increased to 34 percent. The increase in the selling price of coal not only increased revenue, but also net profit which rose significantly 312 percent from US$ 29 million in the first half of 2020 to US$ 118 million in the same period this year.

Meanwhile, BRI Danareksa Sekuritas analyst Stefanus Darmagiri raised Indo Tambang's projected net profit this year to US$ 259 million from US$ 139 million.

Likewise, the projected revenue is increased to US$ 1.7 billion from US$ 1.47 billion. The upward revision is in line with the expectation of an increase in the average selling price of coal to US$ 100 per ton from US$ 80 per ton.

"We estimate that Indo Tambang's financial performance growth will continue in the third quarter of 2021," Stefanus wrote in his research.

With better weather conditions, the company's coal production volume is estimated to increase in the third quarter of 2020 compared to the second quarter of 2022. Production volume is estimated to increase to 5.5 million tons in the third quarter of 2021 compared to 4.7 million tons in the second quarter of 2021.

“We estimate that the company will increase the volume of coal production and sales this year amid rising selling prices.

Production volume is estimated to reach 19-19,9 million tons and sales volume will increase to 21.5-22.4 million tons," he said.

Editor : Jauhari Mahardhika

Hingga semester I-2021, perseroan mencatat penjualan bersih US$ 676 juta dan margin laba kotor meningkat menjadi 34%. Kenaikan harga jual batu bara tidak hanya meningkatkan pendapatan, namun juga laba bersih yang naik signifikan 312%

dari US$ 29 juta pada paruh pertama 2020 menjadi US$ 118 juta pada periode yang sama tahun ini.

Sementara itu, analis BRI Danareksa Sekuritas Stefanus Darmagiri menaikkan proyeksi laba bersih Indo Tambang tahun ini menjadi US$ 259 juta dari US$ 139 juta.

Begitu juga dengan proyeksi pendapatan dinaikkan menjadi US$ 1,7 miliar dari US$

1,47 miliar. Revisi naik tersebut sejalan dengan ekspektasi kenaikan rata-rata harga jual batu bara menjadi US$ 100 per ton dari US$ 80 per ton.

“Kami memperkirakan pertumbuhan kinerja keuangan Indo Tambang akan berlanjut pada kuartal III-2021,” tulis Stefanus dalam risetnya.

Dengan kondisi cuaca yang lebih baik, volume produksi batu bara perseroan diperkirakan naik pada kuartal III-2020 dibandingkan kuartal II-2022. Volume produksi diperkirakan meningkat menjadi 5,5 juta ton pada kuartal III-2021 dibandingkan kuartal II-2021 sebanyak 4,7 juta ton.

“Kami memperkirakan perseroan akan menggenjot volume produksi dan penjualan batu bara tahun ini di tengah kenaikan harga jual. Volume produksi diperkirakan mencapai 19-19,9 juta ton dan volume penjualan naik menjadi 21,5- 22,4 juta ton,” ungkapnya. Editor : Jauhari Mahardhika

(10)

Coal Ballads: After Skyrocketing, Run Aground!

Hidayat Setiaji, CNBC Indonesia

C

OAL prices did not record an increase or decrease throughout last week. Starting the week at US$ 225.75/ton, the price of the black stone finished in the same position.

In the first two trading days last week, coal prices rose sharply by 10.3% and 12.45%, respectively. However, nature then found its balance. The price of this commodity fell 15.71% and 4.7% respectively in two consecutive days. In weekend trading, prices edged up 0.38%.

When asset prices soar, the risk of falling becomes very large. In the case of new embers, that's exactly what happened.

In the past month, coal prices rose 32.39%

point-to-point. Since the end of 2020 (year- to-date), prices have skyrocketed by 191.93%.

Toby Hassall, Refinitiv Analyst, assesses that currently both coal supply and demand have recovered after being hit by the corona virus pandemic (Coronavirus Disease-2019/Covid-19). In the future, with demand that has returned to its pre- pandemic period, the lure of high profits will make producers compete to increase production.

"We expect this supply growth to create price pressures in the medium term,"

Hassall said in his research. CNBC INDONESIA RESEARCH TEAM (aji/aji)

Balada Batu Bara: Habis Meroket Langsung Kandas!

Hidayat Setiaji, CNBC Indonesia

H

ARGA batu bara tidak membukukan kenaikan atau penurunan sepanjang pekan lalu. Mengawali pekan di US$ 225,75/ton, harga si batu hitam finis di posisi yang sama.

Dalam dua hari perdagangan pertama minggu lalu, harga batu bara melesat tajam masing-masing 10,3% dan 12,45%. Akan tetapi, alam kemudian menemukan keseim- bangannya. Harga komoditas ini ambruk masing-masing 15,71% dan 4,7% dalam dua hari beruntun. Pada perdagangan akhir pekan, harga naik tipis 0,38%.

Saat harga aset melambung tinggi, maka risiko untuk jatuh menjadi sangat besar.

Dalam kasus baru bara, itulah yang terjadi.

Dalam sebulan terakhir, harga batu bara naik 32.39% secara point-to-point. Sejak akhir 2020 (year-to-date), harga meroket 191,93%.

Toby Hassall, Analis Refinitiv, menilai saat ini baik pasokan maupun permintaan batu bara sudah pulih setelah terhantam oleh pandemi virus corona (Coronavirus Disease- 2019/Covid-19). Ke depan, dengan permin- taan yang sudah kembali seperti masa sebelum pandemi, iming-iming keuntungan tinggi akan membuat produsen berlomba- lomba meningkatkan produksi.

"Kami memperkirakan pertumbuhan pasokan ini akan menciptakan tekanan harga dalam jangka menengah," sebut Hassall dalam risetnya. TIM RISET CNBC INDONESIA (aji/aji)

(11)

The Increase in Coal Prices Becomes Momentum for the Government to Increase Export

Royalties

Author: Newswire

T

HE INCREASE in the selling price of coal in the international market is a momentum for the government to increase export royalties from this commodity.

“The government must immediately issue the long-awaited PP [Government Regulation] on Mineral and Coal, especially related to the amount of coal royalty. Don't let this PP be late and lose momentum,"

said member of Commission VII DPR Mulyanto through a press release in Jakarta, Saturday (9/10/2021).

He said the government should increase export royalties amid the current increase in coal prices. Even so, he also asked that coal royalties for domestic needs, which are used as a source of energy for PLN's power plants and downstream, should not be increased.

Mulyanto believes that the proposal is important given the state's financial condition which is under pressure from debt for financing to overcome the impact of the Covid-19 pandemic.

"With the opportunity for high international coal prices, the state should be able to take more benefits for financing development. Don't just be happy entrepreneurs," he explained.

Mulyanto continued, in conditions like this, coal entrepreneurs are obliged to share happiness by easing the burden on the community through an increase in the amount of coal royalties.

Kenaikan Harga Batu Bara Jadi Momentum Pemerintah Tingkatkan Royalti Ekspor

Author: Newswire

K

ENAIKAN harga jual batu bara di pasar internasional menjadi momentum untuk pemerintah dalam rangka meningkatkan royalti ekspor dari komoditas tersebut.

“Pemerintah harus segera menerbitkan PP [Peraturan Pemerintah] Minerba yang sudah lama ditunggu-tunggu, terutama terkait dengan besaran royalti batu bara.

Jangan sampai PP ini terlambat terbit dan kehilangan momentum,” kata anggota Komisi VII DPR Mulyanto melalui siaran pers di Jakarta, Sabtu (9/10/2021).

Dia menuturkan, pemerintah harus menaikkan royalti ekspor di tengah kenaikan harga batu bara saat ini. Meski begitu, dia juga meminta, royalti batu bara untuk kebutuhan domestik yang digunakan sebagai sumber energi pembangkit listrik PLN maupun hilirisasi jangan dinaikkan.

Mulyanto berpendapat bahwa usulan tersebut menjadi hal penting mengingat kondisi keuangan negara yang tertekan utang untuk pembiayaan untuk mengatasi dampak pandemi Covid-19.

“Dengan peluang tingginya harga batu bara internasional, semestinya negara dapat mengambil manfaat lebih untuk pembiayaan pembangunan. Jangan hanya pengusaha yang happy,” paparnya.

Mulyanto melanjutkan, dalam kondisi seperti ini pengusaha batu bara wajib berbagi kebahagiaan dengan meringankan beban masyarakat melalui kenaikan besaran royalti batu bara.

(12)

It was explained, the price of coal in 2021 skyrocketed from initially US$80 per ton to US$300 per tonne, and is expected to continue to increase along with rising demand as a result of the rebound in energy demand after the Covid-19 pandemic which has caused energy crises in a number of countries.

In addition, it was stated that the contribution of coal commodities to non-tax state revenues (PNBP) reached 80 percent of the total revenue from the mineral and coal sector, so that coal became a reliable commodity.

Then, to optimize state revenues in line with skyrocketing international coal prices, the government has increased the production quota in 2021 from 550 to 625 million tons.

However, the royalty rate remains at 13.5 percent for ex-PKP2B Mining Business Permits (IUP) generations 1, 2 and 3.

Meanwhile, for IUP holders, the maximum varies by only 7 percent.

Previously, Gadjah Mada University (UGM) Energy observer Tumiran hoped that the increase in coal prices would not disrupt the supply to domestic power plants owned by PT PLN (Persero).

“Entrepreneurs should not only talk about profit, but also ensure the resilience of the country's coal supply. There should be a common understanding for the domestic interest," he said.

Currently, the world coal price spikes to US$200 per tonne, which has raised concerns for many parties regarding the stability of domestic electricity.

Tumiran explained that the increase in coal prices was due to an increase in commodity supply. Moreover, several countries, such as China, struggled to balance electricity supply with demand as the economy recovered post-pandemic. Editor : Lili Sunardi

Dipaparkan, harga batu bara pada 2021 meroket dari awalnya US$80 per ton menjadi US$300 per ton, dan diperkirakan akan terus meningkat seiring dengan naiknya permintaan sebagai efek rebound permintaan energi pascapandemi Covid-19 yang menimbulkan krisis energi di sejumlah negara.

Selain itu, disebutkan bahwa kontribusi komoditas batu bara terhadap penerimaan Pendapatan Negara Bukan Pajak (PNBP) mencapai 80 persen dari total penerimaan sektor minerba, sehingga batu bara menjadi komoditas yang diandalkan.

Kemudian, untuk mengoptimalkan penerimaan negara seiring dengan meroketnya harga batu bara internasional, pemerintah telah meningkatkan kuota produksi pada 2021 dari 550 menjadi 625 juta ton.

Namun, besarnya royalti masih tetap sebesar 13.5 persen untuk Izin Usaha Pertambangan (IUP) eks-PKP2B generasi 1, 2 dan 3. Semen- tara itu, untuk pemegang IUP bervariasi maksimum hanya 7 persen.

Sebelumnya, pengamat Energi Universitas Gadjah Mada (UGM) Tumiran berharap kenaikan harga batu bara tak mengganggu pasokan ke pembangkit listrik dalam negeri milik PT PLN (Persero).

“Pengusaha jangan hanya bicara untung, tetapi juga memastikan ketahanan pasokan batu bara Tanah Air. Harusnya ada pema- haman bersama untuk kepentingan dalam negeri,” ujarnya.

Saat ini lonjakan harga batu bara dunia mencapai US$200 per ton, sehingga menimbulkan kekhawatiran banyak pihak terkait stabilitas listrik dalam negeri.

Tumiran menjelaskan, lonjakan harga batu bara terjadi akibat adanya peningkatan pasokan komoditas. Terlebih beberapa negara, seperti China sempat susah payah menyeimbangkan pasokan listrik dengan permintaan seiring pulihnya perekonomian pascapandemi. Editor : Lili Sunardi

(13)

Darma henwa (DEWA) strengthens business with

business diversification

Reporter: Filemon Agung | Editor: Anna Suci Perwitasari

P

T DARMA Henwa Tbk (DEWA) has carried out business diversification through the establishment of children and grandchildren in the last three months.

On August 30, 2021, DEWA through its subsidiaries, PT Dire Pratama and PT Dire Pratama Services established a new company, namely PT Dire Terminal Indonesia, which is engaged in sea port services.

DEWA Corporate Secretary, Mukson Arif Rosyidi said the establishment of PT Dire Terminal Indonesia was to strengthen the business structure and business development of Dire.

"There is considerable potential or opportunity for the management of public ports in the territory of Indonesia." said Mukson to Kontan.co.id, Friday (8/10).

He continued, in the future the Director of Terminal Indonesia is expected to become the operator and owner of the port.

Kontan.co.id noted that Dire Pratama owns 99% of DTI's shares, while Dire Pramata Services owns the remaining 1%.

Then, on October 7, 2021, DEWA and its subsidiary, PT Dire Pratama established a new subsidiary under the name PT Darma Reka Teknik.

Meanwhile, Darma Henwa owns 99.90%

shares, and PT Dire Pratama owns 0.10%

shares.

Darma henwa (DEWA) perkuat bisnis dengan diversifikasi

usaha

Reporter: Filemon Agung | Editor: Anna Suci Perwitasari

D

IVERSIFIKASI bisnis sudah dilakukan PT Darma Henwa Tbk (DEWA) lewat pendirian anak dan cucu usaha dalam kurun tiga bulan terakhir.

Pada 30 Agustus 2021, DEWA melalui anak usahanya, PT Dire Pratama dan PT Dire Pratama Services mendirikan perusahaan baru yakni PT Dire Terminal Indonesia yang bergerak di bidang pelayanan kepelabuhan laut.

Sekretaris Perusahaan DEWA, Mukson Arif Rosyidi mengungkapkan pendirian PT Dire Terminal Indonesia untuk memperkuat struktur bisnis dan pengembangan usaha Dire.

"Ada potensi atau peluang yang cukup besar untuk pengelolaan pelabuhan umum di wilayah Indonesia." kata Mukson kepada Kontan.co.id, Jumat (8/10).

Dia melanjutkan, ke depannya Dire Terminal Indonesia diharapkan dapat menjadi operator dan pemilik pelabuhan.

Kontan.co.id mencatat, Dire Pratama memiliki 99% saham DTI, sementara Dire Pramata Services memiliki 1% saham sisanya.

Kemudian, pada 7 Oktober 2021 DEWA bersama anak usahanya, PT Dire Pratama mendirikan anak perusahaan baru dengan nama PT Darma Reka Teknik.

Adapun, Darma Henwa memiliki 99,90%

saham, dan PT Dire Pratama memiliki 0,10% saham.

(14)

Mukson revealed, Darma Reka Teknik will later be engaged in engine repair services for both special purposes such as mining and for general purposes.

"The establishment of a new subsidiary, PT Darma Reka Teknik, will strengthen the business structure and increase the added value of the Company in the future," he explained.

Mukson continued, there is a big opportunity for Darma Reka Teknik in this machine repair business in Indonesia.

The presence of these two new subsidiaries is also expected to boost DEWA's performance in the future. However, Mukson still cannot provide further details about the projected contribution of these two subsidiaries later.

"Currently, we cannot convey the amount of contribution from the establishment of this subsidiary, but we believe that by taking this business diversification step, we will be able to increase the added value of the Company in the future," added Mukson.

Citing news from Kontan, it recorded net profit growth in the first quarter of this year. DEWA recorded a net profit of US$

0.88 million or grew 26.9% compared to the first quarter of the previous year of US$

0.69 million.

Meanwhile, DEWA's revenue fell 10% to US$ 73.8 million compared to US$ 82 million in the first quarter of 2020.

From an operational perspective, this mining services company recorded an increase in the volume of material moving using a production fleet by 26.4% to 16.3 million bcm, from 12.9 million bcm in the first quarter of 2020. Furthermore, production volume from subcontractors decreased significantly to 11 0.0 million bcm from 22.7 million bcm in Q1 2020.

Mukson mengungkapkan, Darma Reka Teknik nantinya bakal bergerak di bidang layanan reparasi mesin baik untuk keperluan khusus seperti pertambangan maupun untuk keperluan umum.

"Pendirian anak perusahaan baru, PT Darma Reka Teknik, akan memperkuat struktur bisnis dan meningkatkan nilai tambah Perseroan di masa yang akan datang," jelas dia.

Mukson melanjutkan, ada peluang cukup besar bagi Darma Reka Teknik dalam bidang usaha reparasi mesin ini di Indonesia.

Kehadiran dua anak usaha baru ini pun diharapkan bisa mendongkrak kinerja DEWA ke depannya. Kendati demikian, Mukson masih belum bisa merinci lebih jauh soal proyeksi kontribusi dua anak usaha ini nantinya.

"Saat ini kami belum bisa menyampaikan besaran kontribusi dari pendirian anak perusahaan ini, namun kami yakin bahwa dengan melakukan langkah diversifikasi usaha ini akan dapat meningkatkan nilai tambah Perseroan di masa yang akan datang," imbuh Mukson.

Mengutip pemberitaan Kontan, mencatatkan pertumbuhan laba bersih pada kuartal pertama tahun ini. DEWA menorehkan laba bersih sebesar US$ 0,88 juta atau tumbuh 26,9% ketimbang kuartal pertama tahun sebelumnya US$ 0,69 juta.

Sementara pendapatan DEWA turun 10%

menjadi US$ 73,8 juta jika dibandingkan pada kuartal pertama tahun 2020 senilai US$ 82 juta.

Dari segi operasional, emiten jasa pertambangan ini mencatatkan peningkatan pada volume pemindahan material menggunakan fleet produksi sebesar 26,4% menjadi 16,3 juta bcm, dari 12,9 juta bcm di kuartal pertama 2020. Selanjutnya, volume produksi dari subkontraktor turun signifikan menjadi 11,0 juta bcm dari 22,7 juta bcm di kuartal pertama 2020.

(15)

The total volume of material removal decreased by 23.3% to 27.3 million bcm from 35.6 million bcm. This is because DEWA terminated a subcontractor in the Bengalon Project in mid-2020 due to uneconomic contracts. As a result, from a financial point of view, DEWA was able to increase margins even though production volumes and revenues fell.

DEWA targets 100% of production volume using production fleets within the next 2 years. To achieve this, DEWA is planning an improvement program by placing more equipment, through internal funding and external loans.

This year, DEWA is expanding its work in the South Kalimantan area which is expected to boost performance growth in the coming quarters. DEWA has also invested in mining equipment which is expected to increase the volume of these projects and achieve better financial performance in the second half of 2021.

Adapun total volume pemindahan material turun 23,3% menjadi 27,3 juta bcm dari 35,6 juta bcm. Hal ini disebabkan karena DEWA menghentikan subkontraktor di Proyek Bengalon pada pertengahan tahun 2020 karena kontrak yang tidak ekonomis. Akibat-nya dari sisi keuangan, DEWA mampu meningkatkan margin meskipun volume produksi dan pendapatan turun.

DEWA menargetkan 100% volume produksi menggunakan fleet produksi dalam waktu 2 tahun ke depan. Untuk mencapai hal tersebut, DEWA merencanakan program perbaikan dgn menempatkan lebih banyak peralatan, melalui pendanaan internal dan pinjaman eksternal.

Tahun ini, DEWA melakukan ekspansi pekerjaan di wilayah Kalimantan Selatan yang diharapkan akan mendorong pertumbuhan kinerja di kuartal mendatang. DEWA juga telah berinvestasi dalam peralatan pertambangan yang diharapkan dapat meningkatkan volume pada proyek-proyek tersebut dan mencapai kinerja keuangan yang lebih baik di semester kedua tahun 2021.

Blessing of Coal Price Increase for United Tractors

Parluhutan Situmorang

P

T UNITED Tractors Tbk (UNTR) is one of several issuers who have benefited from the positive sentiment of rising coal prices.

The increase in commodity prices will trigger an increase in demand for heavy equipment, a decrease in discounts on coal mining services, and growth in coal sales.

BRI Danareksa Sekuritas analyst Stefanus Darmagiri said that the increase in coal prices in the last few months was a blessing for the subsidiary of PT Astra International Tbk (ASII). The price of coal...

Berkah Kenaikan Harga Batu Bara bagi United Tractors

Parluhutan Situmorang

P

T UNITED Tractors Tbk (UNTR) merupakan satu dari beberapa emiten yang diuntungkan oleh sentimen positif kenaikan harga batu bara.

Kenaikan harga komoditas tersebut bakal memicu peningkatan permintaan alat berat, penurunan diskon jasa penambangan batu bara, serta pertumbuhan penjualan batu bara.

Analis BRI Danareksa Sekuritas Stefanus Darmagiri mengungkapkan, peningkatan harga batu bara dalam beberapa bulan terakhir menjadi berkah bagi anak usaha PT Astra International Tbk (ASII) tersebut. Harga batu bara...

(16)

The price of coal has reached the level of US$ 200 per ton. The price increase will have an impact on increasing demand for heavy equipment, including the Komatsu brand.

With the increase in coal prices, United Tractors will be able to achieve its heavy equipment sales target of 2,800-3,000 units this year. Until the end of August 2021, the company has realized sales of 1,890 units.

As a result, the company has to sell 228- 278 units every month. In addition to the positive impact on the surge in demand for heavy equipment, according to Stefanus, the increase in coal prices will boost the performance of PT Pamapersada Nusantara (PAMA), a subsidiary of United Tractors which is a coal mining contractor.

"Discounts on coal mining services can be lowered to the level of US$ 35 per ton this year compared to last year's discount,"

Stefanus wrote in his research.

The coal production volume target is estimated to reach 115 million tons this year, or almost the same as last year's realization. This flat target is because the company has terminated its coal mining contract with PT Adaro Indonesia since the end of July 2021.

Regarding the realization of performance until August 2021, United Tractors has managed to record a surge in heavy equipment sales to 1,890 units or an increase of 81.2% compared to the same period last year. Coal production volume increased by 2.8 percent to 78.1 million tons.

“The realization of the sales volume of heavy equipment and coal mining has met our expectations. Likewise, the company's coal sales of 7.4 million tons from January- August 2021 were in line with expectations," he said.

Harga batu bara telah mencapai level US$

200 per ton. Peningkatan harga tersebut bakal berdampak pada kenaikan permintaan alat berat, termasuk merek Komatsu.

Dengan peningkatan harga batu bara tersebut, United Tractors bakal mampu mencapai target penjualan alat berat sebanyak 2.800-3.000 unit tahun ini.

Hingga akhir Agustus 2021, perseroan telah merealisasikan penjualan sebanyak 1.890 unit.

Alhasil, perseroan harus menjual sebanyak 228- 278 unit setiap bulan. Selain dampak positif terhadap lonjakan permintaan alat berat, menurut Stefanus, kenaikan harga batu bara akan mendorong kinerja PT Pamapersada Nusantara (PAMA), anak usaha United Tractors yang merupakan kontraktor penambangan batu bara.

“Diskon jasa penambangan batu bara bisa diturunkan ke level US$ 35 per ton tahun ini dibandingkan diskon tahun lalu,” tulis Stefanus dalam risetnya.

Adapun target volume produksi batu bara diperkirakan mencapai 115 juta ton tahun ini atau hampir sama dengan realisasi tahun lalu. Target mendatar ini akibat perseroan telah mengakhiri kontrak penambangan batu bara dengan PT Adaro Indonesia sejak akhir Juli 2021.

Mengenai realisasi kinerja hingga Agustus 2021, United Tractors telah berhasil membukukan lonjakan penjualan alat berat menjadi 1.890 unit atau meningkat 81,2%

dibandingkan periode sama tahun lalu.

Volume produksi batu bara meningkat sebesar 2,8% menjadi 78,1 juta ton.

“Realisasi volume penjualan alat berat dan penambangan batu bara tersebut sudah sesuai ekspektasi kami. Begitu juga dengan penjualan batu bara perseroan sebanyak 7,4 juta ton dari Januari-Agustus 2021 yang sudah sesuai dengan harapan,”

ungkap dia.

(17)

These various factors prompted BRI Danareksa Sekuritas to maintain the recommendation to buy UNTR shares with a target price of Rp 30,000. The target price implies that this year's PE estimate is around 12.7 times compared to the company's current stock price, which is still traded with 8.9 times PE.

The target price also reflects the projected increase in United Tractors' net profit this year to Rp 8.8 trillion compared to the realization in 2020 which was Rp 6 trillion.

The company's sales are also expected to grow to Rp 71.27 trillion this year compared to last year's Rp 60.34 trillion.

Previously, analysts at Mirae Asset Sekuritas Indonesia Hariyanto Wijaya and Emma A Fauni also revealed that the upward trend in coal prices will have a positive impact on United Tractors, particularly sales of heavy equipment and coal mining contractors.

Berbagai faktor tersebut mendorong BRI Danareksa Sekuritas untuk mempertahankan rekomendasi beli saham UNTR dengan target harga Rp 30.000. Target harga tersebut meng- implikasikan perkiraan PE tahun ini sekitar 12,7 kali dibandingkan harga saham perseroan saat ini yang masih ditransaksikan dengan PE 8,9 kali.

Target harga tersebut juga merefleksikan proyeksi kenaikan laba bersih United Tractors tahun ini menjadi Rp 8,8 triliun dibandingkan realisasi tahun 2020 sebanyak Rp 6 triliun.

Penjualan perseroan juga diharapkan ber- tumbuh menjadi Rp 71,27 triliun sepanjang tahun ini dibandingkan realisasi tahun lalu senilai Rp 60,34 triliun.

Sebelumnya, analis Mirae Asset Sekuritas Indonesia Hariyanto Wijaya dan Emma A Fauni juga mengungkapkan, tren kenaikan harga batu bara akan berdampak positif bagi United Tractors, khususnya penjualan alat berat dan kontraktor penambangan batu bara.

United Tractors Financial Performance Summary (in billion IDR)

2019 2020 2021F 2022F 2023F

Revenue 84,430 60,347 71,273 74,216 76,310

EBITDA 22,537 14,280 17,785 18,734 19,651

Net profit 11,312 6,003 8,805 9,551 10,417

EPS (Rp) 3,032.6 1,609.4 2,360.4 2,560.6 2,792.6

Net margin (%) 13.4 9.9 12.4 8.3 7.6

PER (x) 7 13.2 9 8.3 7.6

PBV (x) 1.4 1.3 1.2 1.1 1

ROAA (%) 9.9 5.7 8.5 8.8 9.4

ROAE (%) 20.2 10.1 13.9 13.9 14

Capex 10,958 5,051 4,000 5,000 6,000

End of year cash 12,091 20,499 22,039 23,675 27,626

Source: BRI Danareksa Sekuritas

(18)

“We estimate that the increase in coal prices will support Komatsu's monthly sales growth of heavy equipment. Volume growth is also supported by an increase in the supply of heavy equipment for the company from principals," wrote Hariyanto and Emma in their research.

Regarding the coal mining contractor business, United Tractors received a large discount last year of up to US$ 162 million due to the low selling price of coal, which was around US$ 60 per ton.

“With the increase in the selling price of coal, we estimate that the discount on coal mining services will decrease this year.

This is expected to have an impact on the growth of the profit level of this segment's business throughout 2021," explained Hariyanto and Emma.

These various factors prompted Mirae Asset Sekuritas to maintain its recommendation to buy UNTR shares with a target price of Rp 26,800. The price target reflects the PE estimate of around 10.2 times this year. The target price also illustrates the increase in sales volume of Komatsu heavy equipment in the next few months.

United Tractors' net profit is projected to increase to Rp 7.78 trillion this year compared to last year's Rp 6 trillion.

Likewise, sales are expected to increase from Rp 60.34 trillion to Rp 69 trillion.

Editor : Gora Kunjana

“Kami memperkirakan kenaikan harga batu bara akan menopang pertumbuhan penjualan bulanan alat berat Komatsu.

Pertumbuhan volume juga didukung oleh peningkatan pasokan alat berat bagi perseroan dari prinsipal,” tulis Hariyanto dan Emma dalam risetnya.

Mengenai bisnis kontraktor penambangan batu bara, United Tractors menanggung diskon yang besar selama tahun lalu hingga US$ 162 juta akibat rendahnya harga jual batu bara, yaitu berkisar US$ 60 per ton.

“Dengan kenaikan harga jual batu bara, kami memperkirakan diskon jasa penambangan batu bara akan turun tahun ini. Hal tersebut diharapkan berdampak terhadap pertumbuhan tingkat keuntungan bisnis segmen ini sepanjang 2021,” jelas Hariyanto dan Emma.

Berbagai faktor tersebut mendorong Mirae Asset Sekuritas untuk mempertahankan rekomendasi beli saham UNTR dengan target harga Rp 26.800. Target harga tersebut menggambarkan perkiraan PE sekitar 10,2 kali tahun ini. Target harga tersebut juga menggambarkan peningkatan volume penjualan alat berat Komatsu dalam beberapa bulan ke depan.

Adapun laba bersih United Tractors diproyeksikan naik menjadi Rp 7,78 triliun tahun ini dibandingkan realisasi tahun lalu senilai Rp 6 triliun.

Begitu juga dengan penjualan diharapkan meningkat dari Rp 60,34 triliun menjadi Rp 69 triliun. Editor : Gora Kunjana

(19)

Merdeka Copper Gold (MDKA) lawsuit to J Resources (PSAB)

Postponed

Author: Farid Firdaus

T

HE SINGAPORE International Arbi- tration Center (SIAC) received a request for adjournment of the case between a subsidiary of PT Merdeka Copper Gold Tbk. (MDKA) with a business entity of PT J Resources Asia Pacific Tbk. (PSAB).

PSAB management explained in an official statement, Friday (8/10/2021) that on October 2, 2021, SIAC had received and confirmed the application for adjournment of arbitration case No. ARB001/21/ARK between PT Pani Bersama Tambang as the plaintiff and PT J Resources Nusantara as the defendant, until further notice from the parties to the dispute.

As is known, the case between MDKA and PASB related to the implementation of the Conditional Shares Sale and Purchase Agreement (CSPA) on November 25, 2019 as amended on December 16, 2019.

Pani Bersama Tambang assessed that J Resources Nusantara had failed to fulfill its obligations in fulfilling the preliminary requirements needed for the completion of the CSPA.

Meanwhile, Pani Bersama asked J Resources Nusantara to fulfill all of its obligations under the CSPA or to pay compensation to Pani Bersama in the amount of around US$500 million to US$600 million. Neither Pani Bersama nor J Resources Nusantara have ended the CSPA.

The management of Merdeka Copper Gold explained that Pani Bersama had received the response to notice of Arbitration document from JRN on February 1, 2021.

Gugatan Merdeka Copper Gold (MDKA) ke J Resources (PSAB)

Ditangguhkan

Author: Farid Firdaus

S

INGAPORE International Arbitration Center (SIAC) menerima permohonan penangguhan perkara antara anak usaha PT Merdeka Copper Gold Tbk. (MDKA) dengan entitas usaha PT J Resources Asia Pasifik Tbk.

(PSAB).

Manajemen PSAB menjelaskan dalam keterangan resmi, Jumat (8/10/2021) bahwa pada 2 Oktober 2021, SIAC telah menerima dan mengonfirmasi permohonan penangguhan perkara arbitrase No. ARB001/21/ARK antara PT Pani Bersama Tambang selaku penggugat dan PT J Resources Nusantara selaku tergugat, sampai pemberitahuan lebih lanjut dari para pihak yang bersengketa.

Seperti diketahui, perkara antara MDKA dan PASB terkait pelaksanaan Conditional Shares Sale and Purchase Agreement (CSPA) tanggal 25 November 2019 sebagaimana diubah pada tanggal 16 Desember 2019.

Pani Bersama Tambang menilai J Resources Nusantara telah gagal melakukan kewajiban- nya dalam memenuhi persyaratan penda- huluan yang diperlukan untuk penyelesaian CSPA itu.

Adapun, Pani Bersama meminta J Resources Nusantara harus memenuhi seluruh kewa- jibannya berdasarkan CSPA atau membayar ganti rugi kepada Pani Bersama dalam jumlah sekitar US$500 juta hingga US$600 juta. Baik Pani Bersama maupun J Resources Nusantara belum ada yang mengakhiri CSPA itu.

Manajemen Merdeka Copper Gold menjelaskan bahwa Pani Bersama telah menerima dokumen response to notice of Arbitration dari JRN pada 1 Februari 2021.

(20)

For information, the CSPA is related to the plan to merge the Pani IUP owned by MDKA and the Pani project owned by PSAB into one joint project so that the overall reserves will materially be greater than if the projects were developed separately.

At that location, MDKA owns a 66.7 percent stake in Pani's mining business permit (IUP) through PT Pani Bersama Jaya. The IUP has mineral resources of 89.5 million tons and a gold grade of 0.82 grams per tonne for 2.37 million ounces of gold.

Meanwhile, PSAB controls a 100 percent interest in the Pani project through J Resources Nusantara. The Pani project is estimated to contain mineral resources of 72.7 million tonnes at a gold grade of 0.98 grams per tonne for 2.3 million ounces of gold. Editor : Farid Firdaus

Sebagai informasi, CSPA itu terkait rencana penggabungan IUP Pani yang dimiliki oleh MDKA dan proyek Pani yang dimiliki oleh PSAB menjadi satu proyek bersama sehingga cadangan keseluruhan secara material akan lebih besar daripada apabila proyek-proyek tersebut dikembangkan secara terpisah.

Di lokasi tersebut, MDKA memiliki 66,7%

saham dalam izin usaha pertambangan (IUP) Pani melalui PT Pani Bersama Jaya.

IUP tersebut memiliki sumber daya mineral sebanyak 89,5 juta ton dan kadar emas 0,82 gram per ton untuk 2,37 juta ons emas.

Sementara itu, PSAB mengendalikan 100 persen kepentingan dalam proyek Pani melalui J Resources Nusantara. Proyek Pani diestimasi mengandung sumber daya mineral 72,7 juta ton pada kadar emas 0,98 gram per ton untuk 2,3 juta ons emas. Editor : Farid Firdaus

Coal Prices Soar, Suppliers Are Asked to Pay Attention to

Domestic Supply

Reporter: Caesar Akbar, Editor: Ali Akhmad Noor Hidayat

C

HAIRMAN of the Association of Indonesian Coal and Energy Suppliers (ASPEBINDO), Anggawira, said coal suppliers must pay attention to supply for domestic needs, even though the price of this mining commodity continues to soar in world trade.

"The price of coal is currently at the highest price in a decade, this is certainly very tempting for us coal suppliers, but this can have a bad impact if we don't secure the needs of our own country," said Anggawira in a written statement, Saturday 9 October 2021.

Harga Batu Bara Melejit, Pemasok Diminta Perhatikan

Pasokan Dalam Negeri

Reporter: Caesar Akbar, Editor: Ali Akhmad Noor Hidayat

K

ETUA Umum Asosiasi Pemasok Batu Bara dan Energi Indonesia (ASPEBINDO), Anggawira, mengatakan para pemasok batu bara harus memperhatikan pasokan untuk kebutuhan dalam negeri, meskipun harga komoditas tambang ini terus melejit dalam perdagangan dunia.

“Harga batu bara saat ini masuk dalam harga tertinggi dalam satu dekade, hal ini tentu menjadi sangat menggiurkan bagi kami para pemasok batu bara namun ini bisa berdampak buruk jika kita tidak mengamankan kebutuhan negeri kita sendiri,” kata Anggawira dalam keterangan tertulis, Sabtu, 9 Oktober 2021.

(21)

Anggawira sees the recent price of coal as unstoppable. In trading on the ICE market in Newcastle, Australia, on Tuesday, October 5, 2021, coal prices closed at US$

280 per tonne. The price jumped 12.45 percent from the previous day, the highest on record since at least 2008.

Based on Minerba One Data Indonesia (MODI) data from the Ministry of Energy and Mineral Resources, the realization of state revenues from the mineral and coal mining sector was as of Wednesday.

October 6, 2021, it was recorded that it had crossed Rp. 49.84 trillion.

This amount of revenue has even exceeded the planned full year target of Rp 39.1 trillion. This means that the realization of state revenues from the mineral and coal mining sector has reached 127.45 percent of this year's target.

To ensure domestic supply, Anggawira invites the Ministry of EMR to collaborate with each other with associations. Bearing in mind, the total state revenue from the mineral and coal sector currently reaches around 75-80 percent from coal alone.

"It does not deny that coal suppliers benefit from rising coal prices, but if you only think about profits, coal entrepreneurs can sell outside Indonesia. This is what needs to be a concern for coal supplier entrepreneurs and also the Ministry so that domestic needs PLN supply needs," said Anggawira.

Anggawira also reminded that this momentum should be utilized properly for coal supplying entrepreneurs and also the government in order to maximize state revenues. "But also don't let PLN have a problem with coal." CAESAR AKBAR

Anggawira melihat harga batu bara belakangan ini benar-benar tak terhentikan.

Pada perdagangan di pasar ICE Newcastle, Australia, pada Selasa 5 Oktober 2021, harga batu bara ditutup pada level US$ 280 per ton. Harga itu melonjak 12,45 persen dibandingkan hari sebelumnya, sekaligus menjadi rekor tertinggi setidaknya sejak 2008.

Berdasarkan data Minerba One Data Indonesia (MODI) Kementerian Energi dan Sumber Daya Mineral, realisasi penerimaan negara dari sektor pertambangan mineral dan batu bara hingga, Rabu. 6 Oktober 2021, tercatat telah menembus Rp 49,84 triliun.

Jumlah penerimaan ini bahkan telah melampaui target satu tahun penuh yang direncanakan sebesar Rp 39,1 triliun.

Artinya, realisasi penerimaan negara dari sektor pertambangan minerba telah mencapai 127,45 persem dari target tahun ini.

Untuk menjamin pasokan dalam negeri, Anggawira mengajak Kementerian Energi dan Sumber Daya Mineral agar saling ber- kolaborasi dengan asosiasinua. Mengingat, total penerimaan negara dari sektor minerba saat ini mencapai sekitar 75-80 persen berasal dari batu bara saja.

"Tidak menampik bahwa pemasok batu bara mendapat keuntungan dengan naiknya harga batu bara, namun jika hanya memikirkan laba pengusaha batu bara bisa saja menjual ke luar Indonesia. Hal ini yang perlu menjadi perhatian untuk para pengusaha pemasok batu bara dan juga Kementerian agar kebutuhan dalam negeri untuk kebutuhan pasokan PLN," kata Anggawira.

Anggawira pun mengingatkan agar momentum ini dimanfaatkan dengan baik untuk para pengusaha pemasok batu bara dan juga pemerintah agar bisa memaksimalkan penerimaan negara. "Tapi juga jangan sampai PLN kesulitan batu bara." CAESAR AKBAR

(22)

RI's 'Treasure' List, Makes Rich, Some is Number 1 in the World!

Anisatul Umah, CNBC Indonesia

T

HE REPUBLIC of Indonesia is blessed with abundant natural resources (SDA), especially in the mining, energy and natural resources sectors in the agricultural sector.

Various 'treasures' owned by Indonesia are worth even thousands of trillions of rupiah.

Various commodities owned by Indonesia are the mainstay of exports.

Not only coal, nickel and others, in the mining sector there is a 'treasure' called Rare Earth Metals (LTJ) that has not been worked on.

On the other hand, with this potential wealth of natural resources, the government continues to encourage the downstreaming of mining commodities in order to increase added value, so that the 'treasure' of Indonesia can be maximized.

The order for downstream mining commodities was even delivered by President Joko Widodo (Jokowi).

Previously, Jokowi said downstreaming in the nickel industry, which was considered successful, would continue in the future, namely the downstreaming of other commodities such as bauxite, gold, copper and crude palm oil (CPO).

"Therefore, not only nickel, in the future we will also start for bauxite, starting with gold, copper, downstream palm oil, as many derivatives of raw materials as possible can be at least semi-finished goods, thankfully they can be finished goods," said Jokowi, on one occasion, Thursday (26/8/2021).

Daftar 'Harta Karun' RI, Bikin Kaya, Ada yang Nomor 1 Dunia!

Anisatul Umah, CNBC Indonesia

R

EPUBLIK Indonesia dianugerahi sumber daya alam (SDA) yang amat melimpah terutama di sektor pertambangan, energi, dan kekayaan alam di sektor pertanian.

Berbagai 'harta karun' yang dimiliki Indonesia nilainya bahkan mencapai ribuan triliun rupiah. Berbagai komoditas yang dimiliki Indonesia ini menjadi andalan ekspor.

Tak hanya batu bara, nikel dan lainnya, di sektor pertambangan saja ada 'harta karun' bernama Logam Tanah Jarang (LTJ) yang belum digarap.

Di sisi lain, dengan potensi kekayaan SDA ini, pemerintah pun terus mendorong hilirisasi komoditas tambang demi meningkatkan nilai tambah, sehingga 'harta karun' RI bisa terolah dengan maksimal.

Titah hilirisasi komoditas tambang bahkan disampaikan Presiden Joko Widodo (Jokowi).

Sebelumnya, Jokowi mengatakan hilirisasi di industri nikel yang sudah dianggap berhasil, akan berlanjut ke depannya yakni hilirisasi komoditas lain seperti bauksit, emas, tembaga, hingga minyak sawit mentah (CPO).

"Oleh sebab itu, tak hanya nikel saja, ke depan kita juga akan mulai untuk bauksitnya, mulai emasnya, tembaganya, hilirisasi sawitnya, sebanyak mungkin turunan-turunan dari bahan mentah itu bisa jadi minimal barang setengah jadi, syukur-syukur bisa jadi barang jadi," papar Jokowi, dalam satu kesempatan, Kamis (26/8/2021).

TABLE OF CONTENTS. No. Title Media Source Page