TABLE OF CONTENTS. No. Title Media Source Page

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Daily News Update Page 1

"During the pandemic, I asked the subsidiary to do a stress test, if the Covid condition continues, what happens in 2020-2021, and so on. From that, take efficiency steps and bring very good results at this time," said Orias, in an interview with CNBC Indonesia, Monday (13/9/2021). Looking at the achievement of net profit in the first half of this year, Orias believes in the second half it will achieve the same thing. So that by the end of the year, the net profit target of Rp 9 trillion to Rp 10 trillion will be achieved.

Harta Karun RI Jadi Andalan

Bos MIND ID Keruk Laba Rp10 T

H

OLDING Badan Usaha Milik Negara

(BUMN) Sektor Pertambangan, MIND ID, menargetkan pada akhir tahun ini akan mengantongi laba bersih senilai Rp 9 triliun sampai dengan Rp 10 triliun. Capaian ini disokong oleh kenaikan harga sejumlah komoditas seperti emas, batu bara dan nikel.

Direktur Utama MIND ID atau PT Inalum (Persero), Orias Petrus Moedak mengata-kan, sampai dengan semester pertama tahun ini perseroan membukukan laba bersih sebesar Rp 4,85 triliun, lebih baik dari tahun sebelumnya yang merugi sebesar Rp 1,8 triliun yang disebabkan oleh awal pandemi Covid-19.

Orias mengatakan, perolehan laba bersih yang meningkat signifikan ini disebabkan selain kenaikan harga komoditas juga efisiensi yang dilakukan di seluruh lini anak usaha MIND ID.

"Pada saat pandemi saya meminta di anak usaha melakukan stress test, seandainya kondisi Covid berlangsung terus apa yang terjadi di tahun 2020-2021, dan seterus-nya. Dari itu mengambil langkah efisiensi dan membawa hasil sangat baik saat ini," kata Orias, dalam wawancaranya dengan CNBC Indonesia, Senin (13/9/2021). Melihat pencapaian laba bersih di paruh pertama tahun ini, Orias meyakini di semester kedua akan mencapai hal yang sama. Sehingga sampai dengan akhir tahun, target laba bersih Rp 9 triliun sampai Rp 10 triliun akan tecapai.

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"We are targeting to reach Rp 9-10 trillion, that's our internal target, I hope the market conditions are like today," he said.

Nevertheless, Orias ensures that efficiency will continue to be maintained, considering that future increases in commodity prices will continue to fluctuate, not always high. "We will continue to maintain the efficiency that has been running, we hope the market is like this," he said.

For information, MIND ID recorded a net profit of Rp 4.58 trillion in the first semester of 2021, up 3 times compared to the achievement of the first quarter of 2021 of Rp 1.6 trillion. The company's revenue in the first semester of 2021 was Rp 39.3 trillion with an EBITDA of Rp 11.15 trillion. (hps/hps)

"Kami menrgaetkan bisa mencapai Rp 9-10 triliun, itu target internal kami saya berhap kondis pasar seperti saat ini," katanya. Kendati demikian, Orias memastikan efisiensi akan terus dipertahankan mengingat kenaikan harga komoditas ke depan masih akan terus berfluktasi tak selamanya tinggi. "Efisiensi yang sudah jalan akan terus kita pertahankan, kita berharap pasar seperti ini," katanya.

Sebagai informasi, MIND Id mencatatkan laba bersih sebesar Rp 4,58 triliun pada semester I-2021, naik 3x lipat dibandingkan dengan capaian kuartal I-2021 sebesar Rp 1,6 triliun. Pendapatan perseroan pada semester I-2021 sebesar Rp 39,3 triliun dengan EBITDA sebesar Rp 11,15 triliun.

(hps/hps)

This is one of the reasons why a

number of mineral commodity

prices continue to rise

Reporter: Arfyana Citra Rahayu

P

RICES of a number of mineral

commodities will increase in 2021, for example nickel. Launching the Reference Mineral Price Chart on the official Ministry of ESDM website on September (13/9), the nickel price has touched US$ 19,239 per dry metric-ton (DMT) from the previous level in January 2021 at the level of US$ 16,541 per dmt.

Copper prices also experienced a significant increase when compared to the beginning of the year. The details are that in January 2021 the copper price will be at US$ 7,607 per dmt, then in September 2021 it will be at the level of US$ 9,448.

Ini salah satu penyebab

sejumlah harga komoditas

mineral terus menanjak

Reporter: Arfyana Citra Rahayu

H

ARGA sejumlah komoditas mineral

mengalami kenaikan di 2021, misalnya saja nikel. Melansir Grafik Harga Mineral Acuan di laman resmi KESDM pada September (13/9) harga nikel sudah menyentuh US$ 19.239 per dry metrik-ton (DMT) dari yang sebelumnya di Januari 2021 di level US$ 16.541 per dmt.

Harga tembaga juga mengalami kenaikan yang signifikan jika dibandingkan dengan awal tahun. Rinciannya, pada Januari 2021 posisi harga tembaga US$ 7.607 per dmt, kemudian pada September 2021 di level US$ 9.448.

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Previously, the price of copper had touched its highest figure, which was at US$ 10,031 in June 2021.

The Acting Executive Director of the Indonesian Mining Association (IMA), Djoko Widajatno explained that the current phenomenon of rising prices for a number of commodities is driven by several problems, one of which is the depletion of global supply and strong demand from a number of industrial sectors for certain mineral commodities.

"Commodity prices depend on supply and demand, flood conditions in China and Australia, Germany and others have also hampered the production of certain commodities," he explained to Kontan.co.id, Monday (13/9).

Djoko gave a more detailed description and referred to one commodity, namely copper. The depletion of global copper supply occurred because the world's number two copper producer, Peru reported a decline in production. Djoko explained that the local Ministry of Energy and Mines stated that the decline in copper production in Peru was caused by the corona virus pandemic which hampered mining activities.

Djoko said that the decline in production will certainly have an impact on commodity prices because it takes time to restore production to its original level. Along with weak copper supply, there will be strong demand from a number of industrial sectors such as manufacturing, consumer, infrastructure and automotive in the first half of 2021.

"Coupled with the policies of the US Democratic Party to encourage industrial growth and investment there, investors' optimism about the emergence of a stimulus package from the United States provides a positive catalyst for global demand," said Djoko.

Sebelumnya harga tembaga sempat menyentuh angka tertingginya yakni di US$ 10.031 pada Juni 2021.

Pelaksana Harian Direktur Eksekuti f Indonesian Mining Association (IMA), Djoko Widajatno memaparkan fenomena naiknya harga sejumlah komoditas saat ini didorong oleh beberapa persoalan salah satunya menipisnya pasokan global dan kuatnya permintaan dari sejumlah sektor industri terhadap komoditas mineral tertentu.

"Harga komoditas bergantung kepada pasokan dan permintaan, keadaan banjir di China dan Australia, Jerman dan lainnya turut menghambat produksi komoditas tertentu," jelasnya kepada Kontan.co.id, Senin (13/9).

Djoko memberikan gambaran lebih rinci dan merujuk pada satu komoditas, yakni tembaga. Menipisnya pasokan tembaga global terjadi karena produsen tembaga nomor dua dunia, Peru melaporkan penurunan produksi. Djoko memaparkan, Kementerian Energi dan Pertambangan setempat menyatakan, penurunan produksi tembaga di Peru disebabkan oleh pandemi virus corona yang menghambat kegiatan pertambangan.

Djoko bilang, turunnya produksi tentu berdampak pada harga komoditasnya karena untuk mengembalikan tingkat produksi seperti semula membutuhkan waktu. Seiring dengan lemahnya pasokan tembaga, terjadi permintaan yang kuat dari sejumlah sektor industri seperti manu-faktur, konsumer, infrastruktur dan otomotif pada paruh pertama tahun 2021. "Ditambah dengan kebijakan dari partai demokrat USA untuk mendorong pertum-buhan industri di sana dan investasi sehingga optimisme investor terhadap kemunculan paket stimulus dari Amerika Serikat memberikan katalis positif terhadap permintaan global," kata Djoko.

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Referring to domestic conditions, the realization of production of a number of mineral commodities throughout 2020 did not reach the target due to the Covid-19 pandemic, except for nickel production. Djoko explained, in 2020 the realization of copper production was 268,600 tons or only reached 92% of the target. Then gold production was recorded at 66.2 tons or 93% of the target. For silver, the realization of production was recorded at 338.1 tons or 99% of the target. Tin production even only met 75 percent of the target of 52,600 tons.

Only one commodity was able to exceed the target, namely nickel processing as much as 2,316,500 tons or 120% of the target. Which consists of 1,462,300 tons of Ferronickel and 860,500 tons of Nickel Pig Iron. Meanwhile, nickel matte production is 91,700 tons or 127% of the target. Djoko projects that the price of Indonesian mineral commodities will increase in 2021 in line with movements in industrialized countries and the discovery of technology to meet the needs of electric vehicles and health in dealing with the pandemic. Djoko said that the positive impact of rising commodity prices for the industry can certainly increase income and help business actors to restructure loans. "For now, the mineral and coal sector has not been able to expand because it is still tied to the RKAB (Work Plan and Budget). Changes can be proposed. However, so far IMA has not obtained accurate infor-mation," he said.

Then, the impact for downstream products that use mineral raw materials whose prices have gone up is rising production costs.

Mengacu pada kondisi di dalam negeri, realisasi produksi sejumlah komoditas mineral di sepanjang 2020 tidak mencapai target akibat pandemi Covid-19, kecuali produksi nikel.

Djoko memaparkan, di 2020 realisasi produksi tembaga sebesar 268.600 ton atau hanya mencapai 92% dari target. Lalu produksi emas tercatat 66,2 ton atau 93%dari target. Untuk perak realisasi produksinya tercatat 338,1 ton atau 99% dari target. Produksi timah bahkan hanya memenuhi 75% dari target yakni 52.600 ton.

Hanya satu komoditas yang mampu melampaui target, yakni olahan nikel sebanyak 2.316.500 ton atau 120% dari target. Yang terdiri dari Feronikel 1.462.300 ton dan Nickel Pig Iron sebanyak 860.500 ton.Sedangkan produksi nikel matte sebanyak 91.700 ton atau 127% dari target.

Djoko memproyeksikan, harga komoditas mineral Indonesia akan mengalami kenaikan di 2021 seiring pergerakan di negara industri serta penemuan teknologi untuk memenuhi kebutuhan kendaraan listrik dan kesehatan dalam menangani pandemi.

Djoko bilang, dampak positif kenaikan harga komoditas bagi industri tentu dapat meningkatkan pendapatan serta mem-bantu pelaku usaha merestrukturisasi pinjaman. "Untuk sementara ini sektor minerba belum dapat melakukan ekspansi karena masih terikat RKAB (Rencana Kerja dan Anggaran Belanja). Adapun perubahan dapat diajukan. Akan tetapi, sejauh ini IMA belum memperoleh Informasi yang akurat," ujarnya.

Lantas, dampaknya bagi produk hilir yang menggunakan bahan baku mineral yang harganya sudah naik adalah biaya produksi yang membengkak.

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"There is an increase in downstream production price data, but we do not have the data. This can be seen from the rising prices of building material products such as iron, aluminum, mild steel, steel nickel plate, and others," he said. Editor: Handoyo

"Data harga produksi hilir ada kenaikan, akan tetapi kami tidak punya datanya. Hal ini dapat dilihat naiknya harga produk bahan bangunan seperti besi, alumunium, baja ringan, plat nikel baja, dan lainnya," ujarnya. Editor: Handoyo

Pressing LPG Imports, Here's

the Progress of PTBA's Coal

Gasification Project

Nurcholis Maarif - detikFinance

P

RESIDENT Joko Widodo (Jokowi)

revealed that there are three major strategies to spur and restore the Indonesian economy. The strategy includes industrial downstreaming, digitizing MSMEs, and a green economy. He said this at the inauguration of the virtual opening of the 100 Indonesian Economist Work-shop recently.

In fact, downstreaming of this industry has been implemented in several sectors, for example in the coal industry. The Indonesian government through the Ministry of Energy and Mineral Resources (ESDM) has even developed seven coal downstream schemes. One of them is coal gasification.

As one of the largest coal industry players in Indonesia, PT Bukit Asam Tbk (PTBA) is also committed to coal downstreaming, including towards a green economy. For example, at the beginning of last year, PTBA, PT Pertamina (Persero) and Air Products and Chemicals Inc signed a memorandum of understanding for the downstreaming of coal into dimethyl ether (DME) by establishing a joint venture.

Tekan Impor LPG, Begini

Progres Proyek Gasifikasi Batu

Bara PTBA

Nurcholis Maarif - detikFinance

P

RESIDEN Joko Widodo (Jokowi)

meng-ungkapkan ada tiga strategi besar untuk memacu dan memulihkan ekonomi Indonesia. Strategi itu meliputi hilirisasi industri, digitalisasi UMKM, dan ekonomi hijau. Hal itu diungkapkannya dalam peresmian pembukaan Sarasehan 100 Ekonom Indonesia secara virtual belum lama ini.

Sebenarnya hilirisasi industri ini sudah diterapkan di beberapa sektor, misalnya dalam industri batu bara. Pemerintah Indonesia melalui Kementerian Energi dan Sumber Daya Mineral (ESDM) bahkan sudah mengembangkan tujuh skema hiliri-sasi batu bara. Salah satunya gasifikasi batu bara.

Sebagai salah satu pemain industri batu bara terbesar di Indonesia, PT Bukit Asam Tbk (PTBA) juga berkomitmen dalam hilirisasi batu bara, termasuk untuk menuju ekonomi hijau. Misalnya pada awal tahun lalu, PTBA, PT Pertamina (Persero) dan Air Products and Chemicals Inc menandatangani nota kesepahaman kerja sama hilirisasi batubara menjadi dimethyl ether (DME) dengan mendirikan perusaha-an patungperusaha-an.

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Reporting from the official website of the Ministry of ESDM, the development of this DME can increase national energy security and reduce dependence on LPG imports which currently reach more than 70%. DME can also save foreign exchange reserves of up to IDR 9.7 trillion and save the trade balance of up to IDR 5.5 trillion. Then DME will increase foreign investment into Indonesia by USD 2.1 billion (approximately Rp 30 trillion) and the utilization of low-calorie coal resources by 180 million tons for 30 years of the factory's life.

DME will also cause a multiplier effect in the form of direct benefits to the government of up to Rp 800 billion per year. In addition, there will be national industrial empowerment involving local workers with an absorption of around 10,570 workers at the construction stage and 7,976 people at the operation stage. Then how is the development progress included in the national strategic project? PTBA Director of Operations and Production Suhedi explained that the coal gasification project into DME has so far entered the stage of discussing the final agreement, and has even entered the discussion of the Sale Purchase Agreement (SPA). Meanwhile, PTBA is ready to carry out its role according to the agreement. PTBA also made various preparations. Starting from the supply side of coal to the land that will be used for the coal gasification company. According to Suhedi, this DME development company will also later be established with other industries in the Tanjung Enim Special Economic Zone (SEZ) development project.

"The downstream coal we got PSN (yesterday's strategic project) last year. (So later it will be established in) the Tanjung Enim SEZ...

Dilansir dari situs resmi Kementerian ESDM, pengembangan DME ini dapat meningkatkan ketahanan energi nasional dan mengurangi ketergantungan impor LPG yang saat ini mencapai lebih dari 70%. DME juga dapat menghemat cadangan devisa hingga Rp 9,7 triliun dan menghemat neraca perdagangan hingga Rp 5,5 triliun.

Lalu DME akan menambah investasi asing yang masuk ke Indonesia sebesar USD 2,1 miliar (sekitar Rp 30 triliun) dan peman-faatan sumber daya batu bara kalori rendah sebesar 180 juta ton selama 30 tahun umur pabrik.

DME juga akan menyebabkan adanya multiplier effect berupa manfaat langsung yang didapat pemerintah hingga Rp 800 miliar per tahun. Selain itu, akan ada pem-berdayaan industri nasional yang melibatkan tenaga lokal dengan penyerapan jumlah tenaga kerja sekitar 10.570 orang pada tahap konstruksi dan 7.976 orang pada tahapan operasi.

Lalu bagaimana progres pembangunan yang masuk proyek strategis nasional tersebut? Direktur Operasi dan Produksi PTBA Suhedi menjelaskan proyek gasifikasi batu bara menjadi DME sampai saat ini sudah masuk dalam tahap pembahasan perjanjian final, bahkan sudah masuk pembahasan Sale Purchase Agreement (SPA). Adapun PTBA sudah siap menjalankan perannya sesuai perjanjian.

PTBA juga melakukan berbagai persiapan. Mulai dari sisi suplai batu bara hingga lahan yang akan digunakan untuk perusahaan gasifikasi batu bara tersebut. Menurut Suhedi, perusahaan pengembangan DME ini juga nantinya akan berdiri bersama industri lain dalam proyek pengembangan kawasan ekonomi khusus (KEK) Tanjung Enim.

"Hilirisasi batu bara kita mendapatkan PSN (proyek strategis kemarin) di tahun kemarin. (Jadi nanti berdiri di) KEK Tanjung Enim...

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(So later it will be established in) the Tanjung Enim SEZ or Bukit Asam Industrial Estate. This contains that later the PLTU Sumsel 8 has been built, (continued) coal to chemical so this will be built Bukit Asam Industrial Area. We are (also) developing rail transportation (for coal) from Tanjung Enim to Tarahan, then to Kertapati," said Suhedi to detikcom recently.

Downstreaming Coal Into Chemical Products

Coal downstreaming is one of PTBA's three strategic focuses in addition to handling coal transportation and building power plants. This member of the Indonesian mining industry holding or Mining Industry Indonesia (MIND ID) also collaborates with various parties for the transformation into an energy and chemical company.

This is also in line with MIND ID's noble purpose, namely We explore natural resources for civilization, prosperity and a brighter future. In addition to PT Pertamina (Persero) and Air Products and Chemicals Inc, PTBA also cooperates with PT Pupuk Indonesia and Chandra Asri Petrochemical. Its products are DME, urea, and polypropylene.

"The coal supply is from PTBA, the project owner is PTBA, then Chandra Asri is for polypropylene (products), Pupuk Indonesia is for fertilizer, Pertamina is for DME and Methanol. This is a joint investment. Then the offtakers are the same, Pertamina, Pupuk Indonesia, Chandra Asri," said Suhedi.

"Then the production of DME 400 KTA, Urea 570 KTA, and Polypropylene 450 KTA," he added.

(Jadi nanti berdiri di) KEK Tanjung Enim atau Bukit Asam Industrial Estate. Ini isinya nanti PLTU Sumsel 8 sudah di-bangun, (terus) coal to chemical jadi ini akan di kawasan Industri Bukit Asam. Kita (juga) sedang mengembangkan trans-portasi kereta api (untuk batu bara) dari Tanjung Enim ke Tarahan, kemudian ke Kertapati," ujar Suhedi kepada detikcom belum lama ini.

Hilirisasi Batu Bara Menjadi Produk Kimia

Hilirisasi batu bara menjadi satu dari tiga fokus strategis PTBA selain penanganan transportasi batu bara dan pembangunan pembangkit listrik. Anggota holding industri pertambangan Indonesia atau Mining Industry Indonesia (MIND ID) ini juga menjalin kerja sama dengan berbagai pihak untuk transformasi menjadi per-usahaan energi dan kimia.

Hal ini juga sejalan dengan noble purpose MIND ID, yaitu We explore natural resources for civilization, prosperity and a brighter future. Selain dengan PT Pertamina (Persero) dan Air Products and Chemicals Inc, PTBA juga menjalin kerja sama dengan PT Pupuk Indonesia dan Chandra Asri Petrochemical. Produknya berupa DME, urea, dan polypropylene. "Coal supply-nya dari PTBA, project ownernya ada PTBA, kemudian yang Chandra Asri untuk (produk) poly-propylene, Pupuk Indonesia untuk fertilizer, Pertamina itu untuk DME dan Metanol. Ini joint investment yah. Kemudian offtakernya itu sama, Pertamina, Pupuk Indonesia, Chandra Asri," ujar Suhedi.

"Lalu produksinya DME 400 KTA, Urea 570 KTA, dan Polypropylene 450 KTA," imbuhnya.

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The coal downstream joint venture project is planned to be established in the Tanjung Enim Special Economic Zone or Bukit Asam Industrial Estate, which has just been included in a national strategic project. For information, detikcom together with MIND ID held a Mine Exploration program containing expeditions to Indonesian mining areas. detikcom visited mining industrial cities in Indonesia to take a complete picture of how people live and mineral-producing areas and how they are processed. (akn/hns)

Proyek perusahaan patungan hilirisasi batu bara itu nantinya direncanakan akan berdiri di Kawasan Ekonomi Khusus Tanjung Enim atau Bukit Asam Industrial Estate yang baru saja masuk dalam proyek strategis nasional. Sebagai informasi, detikcom bersama MIND ID mengadakan program Jelajah Tambang berisi ekspedisi ke daerah pertambangan Indonesia. detikcom menyambangi kota-kota industri tambang di Indonesia untuk memotret secara lengkap bagaimana kehidupan masyarakat dan daerah peng-hasil mineral serta bagaimana pengolahan-nya. (akn/hns)

Having Jumbo Cash, MIND ID

Wants to Annex Mines Abroad

T

HE STATE-owned mining holding

company Mining Industry Indonesia (MIND ID) plans to acquire new mining companies abroad.

If this plan is realized, then this acquisition will add to the list of foreign mining companies acquired by MIND ID after annexing 20% of PT Vale Indonesia Tbk (PTVI) on October 7, 2020 with an investment value of Rp 5.52 trillion and the acquisition of 51% shares in PT Freeport Indonesia with investment value of Rp 55.8 trillion in 2018.

MIND ID President Director Orias Petrus Moedak said that until the first semester of 2021, the company had cash of Rp 32.7 trillion, of which Rp 29 trillion was allocated for capital expenditures.

Punya Kas Jumbo, MIND ID

Mau Caplok Tambang di Luar

Negeri

E

MITEN holding pertambangan BUMN,

Mining Industry Indonesia (MIND ID) berencana mengakuisisi perusahaan tambang baru di luar negeri.

Bila rencana ini terealisasi, maka akuisisi ini akan menambah daftar perusahaan tambang asing yang diakuisisi MIND ID setelah mencaplok 20% PT Vale Indonesia Tbk (PTVI) pada 7 Oktober 2020 dengan nilai investasi Rp 5,52 triliun dan akuisisi 51% saham PT Freeport Indonesia dengan nilai investasi Rp 55,8 triliun pada 2018 lalu. Direktur Utama MIND ID, Orias Petrus Moedak mengatakan, sampai dengan semester pertama 2021, perseroan memiliki kas sebesar Rp 32,7 triliun yang di antaranya diperuntukan untuk belanja modal atau capital expenditure sebesar Rp 29 triliun.

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Orias detailed that the capital expenditure allocation to fund strategic projects, for example, could reach 20 percent of this year's capital expenditure plan. He also confirmed that the acquisition plan was still ongoing, although he did not specify the name of the new mining company targeted by MIND ID abroad.

"As a strategic holding, of course we have overseas acquisition targets, we are in the process," said Orias, in an interview with CNBC Indonesia, Monday (13/9/2021). He ensured that, within the next 2 years, the parent of this mining SOE would not experience liquidity problems despit e intensive expansion in the midst of a pandemic. Considering that the source of funding apart from internal cash, the company also has loan facilities from banks that are ready to assist MIIND ID's expansion plans. "So that future expansion is very, very easy for us with the liquidity conditions and bank loans available for expansion. Within 1-2 years there will be no problems in terms of liquidity," he said.

Previously, Orias explained, the allocation of the use of the capital expenditure will be used for a number of strategic projects such as the plan to build an electric vehicle battery implemented through the Indonesia Battery Corporation (IBC).

Second, the construction of a grade alumina smelter with a production capacity of 1 million tons of alumina and is targeted to operate in 2023. The company has budgeted around US$ 700-800 million or around Rp 11.5 trillion (assuming an exchange rate of Rp 14,400 per US$) for this project.

Then, the capital expenditure will also be used to build a ferronickel plant power plant project in East Halmahera which is planned to have a capacity of 2x45 MW PLTU and 3x18 MW PLTD. It is targeted that the PLTD will operate in 2022 and the PLTU in 2025.

Orias merinci, alokasi belanja modal untuk mendanai proyek strategis misalnya, persen-tasenya bisa mencapai 20% dari rencana belanja modal tahun ini. Ia pun memastikan, rencana akuisisi masih terus berjalan, meski tidak merinci lebih jelas nama perusahaan tambang baru yang disasar MIND ID di luar negeri.

"Sebagai strategic holding kami tentu ada target akuisisi di luar negeri, sedang kami proses," ungkap Orias, dalam wawancara dengan CNBC Indonesia, Senin (13/9/2021). Dia memastikan, dalam waktu 2 tahun ke depan, induk dari BUMN Pertambangan ini tidak akan mengalami kendala likuiditas meskipun gencar ekspansi di tengah pandemi. Mengingat, sumber pendanaan selain dari kas internal, perseroan juga mempunyai fasilitas pinjaman dari perbankan yangs siap membantu rencana ekspansi MIIND ID.

"Sehingga untuk ekspansi ke depan sangat-sangat mudah bagi kami dengan kondisi likui-ditas dan pinjaman perbankan yang tersedia untuk ekspansi. Dalam 1-2 tahun tidak ada masalah dari sisi likuiditas," katanya.

Sebelumnya, Orias memaparkan, alokasi penggunaan belanja modal itu akan diguna-kan untuk sejumlah proyek strategis seperti rencana pembangunan baterai kendaraan listrik dilaksanakan melalui Indonesia Battery Corporation (IBC).

Kedua, pembangunan smelter grade alumina dengan kapasitas produksi 1 juta ton alumina dan ditargetkan beroperasi pada 2023 mendatang. Perusahaan menganggarkan sekitar US$ 700-800 juta atau sekitar Rp 11,5 triliun (asumsi kurs Rp 14.400 per US$) untuk proyek ini.

Lalu, belanja modal juga akan digunakan untuk membangun Proyek pembangkit listrik pabrik feronikel di Halmahera Timur yang direncanakan berkapasitas 2x45 MW PLTU dan 3x18 MW PLTD. Ditargetkan PLTD beroperasi pada 2022 dan PLTU pada 2025 mendatang.

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Furthermore, the coal gasification project, which was built by PT Bukit Asam Tbk (PTBA) together with PT Pertamina (Persero) and the United States company Air Products, is targeted for commercial operation by 2024.

Next, the construction of a copper smelter built by PT Freeport Indonesia with a copper concentrate processing capacity of 1.7 million tons per year. This project is targeted to be operational in 2023, but due to the Covid-19 pandemic, the company estimates that there will be a delay of about a year to 2024. (hps/hps)

Selanjutnya, proyek gasifikasi batu bara yang dibangun PT Bukit Asam Tbk (PTBA) bersama PT Pertamina (Persero) dan perusahaan Amerika Serikat Air Products, ditargetkan proyek ini sudah beroperasi komersial pada 2024 mendatang.

Berikutnya, pembangunan smelter tembaga yang dibangun PT Freeport Indonesia dengan kapasitas pengolahan konsentrat tembaga sebesar 1,7 juta ton per tahun. Proyek ini ditargetkan harus bisa ber-operasi pada 2023, namun karena adanya pandemi Covid-19 perusahaan memper-kirakan akan terjadi keterlambatan sekitar satu tahun menjadi 2024. (hps/hps)

The trend of gold prices is

predicted to penetrate

US$1,900, Antam's (ANTM)

performance will also increase

Reporter | Editor: Yudho Winarto

T

HE GROSS profit of PT Aneka Tambang

Tbk (ANTM) in the first quarter of 2021, which amounted to Rp. 1.63 trillion, grew 189% from the same period last year (yoy) of Rp. 561.82 billion as previously estimated. Especially with the continued increase in the price of gold in the market. "The massive increase in profits is not surprising when we look at the rising trend of gold investment. Gold prices are relatively stable and tend to rise, gold is the choice of the wider community in responding to uncertain economic conditions," said Lukman Hqeem, Market Analyst from ESANDAR Arthamas in his statement Monday (13/9).

Tren harga emas diprediksi

tembus US$1.900, kinerja

Antam (ANTM) bakal ikut

terkerek

Reporter | Editor: Yudho Winarto

R

AIHAN laba kotor PT Aneka Tambang

Tbk (ANTM) pada triwulan I 2021 yang sebesar Rp1,63 triliun, tumbuh 189% dari periode sama tahun lalu (yoy) Rp561,82 miliar telah diperkirakan sebelumnya. Terutama dengan terus naiknya harga emas di pasaran.

"Kenaikan laba yang sangat masif tersebut tidak mengejutkan apabila berkaca pada kenaikan tren investasi emas. Harga emas yang relatif stabil dan cenderung naik, emas menjadi pilihan masyarakat luas dalam menyikapi kondisi ekonomi yang tidak menentu,” kata Lukman Hqeem, Analis Pasar dari ESANDAR Arthamas dalam keterangannya Senin (13/9).

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He continued, the impact of the global economic crisis was further exacerbated by the Covid-19 pandemic which had lasted for almost two years, making people wary of their assets.

To hedge, it's no wonder the choice is to accumulate physical purchases of gold, in this case precious metals. This trend can be said to continue to rise from time to time during the pandemic. This is certainly a blessing for the Company, whose main source of income is from selling precious metal products.

"Going forward, with the trend of world gold prices still believed to be rising at least to a price of US$1900 per troi ounce by the end of this year or in the first half of 2022, Antam's revenue potential will still be very positive. Antam's shares will still be an attractive investment destination for investors for both short-term and long-term goals," he explained.

On the other hand, the potential increase in world metal prices can also be a consideration that Antam's products will contribute more to the company's revenue. Coupled with the many vaccinations that have been carried out, this is starting to move the global economy.

“Some industries have started operating, this means there will be a potential increase in demand for raw materials, including a number of metals that have been Antam's products. Therefore, the company's revenue potential in the second semester and third or fourth quarter is still very positive," he explained.

As is known some time ago during the public expose on September 9, 2021, ANTM reported a surge in ANTM's solid financial performance, reflected in the achievement of Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) in the first quarter of this year amounting to Rp1.24 trillion.

Dia melanjutkan, dampak krisis ekonomi global semakin diperparah dengan adanya pandemi Covid 19 yang sudah berlangsung hampir dua tahun ini, membuat masyarakat was-was dengan asetnya.

Untuk melakukan lindung nilai, tak heran pilihannya adalah mengakumulasi pembelian fisik emas, dalam hal ini logam mulia. Tren ini bisa dikatakan terus naik dari waktu ke waktu dalam masa pandemi. Ini tentu menjadi berkah bagi Perusahaan yang sumber utama pendapatannya dari jualan produk logam mulia.

“Ke depan, dengan tren harga emas dunia yang masih diyakini akan naik setidaknya pada harga US$1900 per troi ons pada akhir tahun ini atau di semester pertama 2022, potensi pendapatan Antam masih akan sangat positif. Saham Antam masih akan menjadi tujuan investasi menarik bagi investor baik untuk tujuan jangka pendek dan jangka panjang,” jelasnya.

Di sisi lain, potensi kenaikan harga logam dunia juga bisa menjadi pertimbangan bahwa produk-produk Antam akan semakin besar kontribusinya bagi pendapatan perusahaan. Ditambah dengan vaksinasi yang sudah banyak dilakukan, hal ini mulai terlihat menggerakkan perekonomian global.

“Sebagian industri sudah mulai ber-operasional, ini berarti akan ada potensi peningkatan permintaan bahan baku termasuk sejumlah logam yang selama ini menjadi produk Antam. Oleh sebab itu, potensi pendapatan perusahaan di Semester kedua dan kuartal ketiga atau empat, masih sangat positif,” paparnya.

Seperti diketahui beberapa waktu lalu saat public expose pada 9 September 2021, ANTM melaporkan adanya lonjakan kinerja keuangan ANTM yang solid, tercermin dari capaian Earnings Before Interest, Taxes,

Depreciation, and Amortization (EBITDA)

pada kuartal satu tahun ini sebesar Rp1,24 triliun.

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This figure increased significantly compared to the EBITDA achievement in the First Quarter of 2020 (Rp 34.13 billion or grew 36 times. The positive EBITDA growth was mainly supported by ANTM's solid operating and sales performance of key commodities as well as increased cost efficiency, thus achieving ANTM's operating cash costs optimal.

"Meanwhile, the Company's operating profit achievement in the first quarter of 2021 was recorded at Rp.793.89 billion, a 477% increase compared to the same period last year which was Rp.137.54 billion. Supporting factors for achieving this increase are the growth in sales levels and optimal management of the cost of goods sold and business. The positive growth in gross profit and operating profit supported Antam's profit for the first quarter of Rp. 630.38 billion, up from a loss in the previous year of Rp. 281.84 billion," said Antam's corporate secretary, Yulan Kustiyan.

The implementation of the right operational strategy is reflected in the company's net cash flow position obtained from operating activities in the first quarter of Rp1.88 trillion, a significant YoY growth of Rp18.87 billion.

The growth in net cash flow from operating activities strengthened ANTM's net increase in cash flows and cash equivalents in the first quarter which reached Rp1.26 trillion, a YoY increase of Rp546.16 billion, thus strengthening ANTM's financial structure as reflected in its cash and cash equivalent balances in the first quarter of 2021 amounting to Rp5.33 trillion.

"Along with the increasing public awareness of investing in gold and the growing demand for gold in the domestic market, Antam is focusing on developing the precious metal customer base in the domestic market," said Yulan.

Angka ini meningkat signifikan dibanding-kan capaian EBITDA pada Triwulan Pertama Tahun 2020 (sebesar Rp34,13 miliar atau tumbuh 36 kali. Pertumbuhan EBITDA yang positif terutama didukung oleh kinerja operasi dan penjualan komoditas utama ANTM yang solid serta peningkatan efisiensi biaya, sehingga tercapai biaya tunai operasi ANTM yang optimal.

“Sementara itu capaian laba usaha Perusahaan pada kuartal satu 2021 tercatat sebesar Rp793,89 miliar, melonjak 477% dibandingkan periode sama tahun lalu yang sebesar Rp137,54 miliar. Faktor pendukung tercapainya peningkatan ini adalah pertum-buhan tingkat penjualan serta pengelolaan biaya beban pokok penjualan dan usaha yang optimal. Pertumbuhan positif laba kotor dan laba usaha mendukung capaian laba tahun berjalan kuartal pertama Antam sebesar Rp630,38 miliar, naik dari rugi tahun sebelumnya sebesar Rp281,84 miliar,” kata sekretaris perusahaan Antam, Yulan Kustiyan.

Implementasi strategi operasional yang tepat tercermin pada posisi arus kas bersih perusahaan yang diperoleh dari aktivitas operasi pada kuartal pertama sebesar Rp1,88 triliun, tumbuh signifikan YoY sebesar Rp18,87 miliar.

Pertumbuhan arus kas bersih dari aktivitas operasi tersebut memperkokoh perolehan kenaikan bersih arus kas dan setara kas ANTM pada kuartal pertama yang mencapai Rp1,26 triliun, meningkat YoY sebesar Rp546,16 miliar, sehingga memperkokoh struktur keuangan ANTM yang tercermin dari saldo kas dan setara kas pada kuartal pertama 2021 sebesar Rp5,33 triliun.

“Seiring dengan meningkatnya kesadaran masyarakat dalam berinvestasi emas serta pertumbuhan permintaan emas di pasar domestik, Antam berfokus dalam pengem-bangan basis pelanggan logam mulia di pasar dalam negeri,” papar Yulan.

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Aluminum Price Finally Breaks

US$3,000 per Ton, Highest

Since 2016

Author: Hadijah Alaydrus

A

LUMINUM prices have risen 15 percent

over the past three weeks, fueled by falling Chinese output, amid a push to cut emissions and save electricity.

Meanwhile, a coup in the Guinean bauxite producer has raised concerns over supplies of the material used in aluminum production.

Smelters in the European Union are also facing rising costs with carbon credits and electricity inputs at record highs, said Goldman Sachs Group Inc.

"In China and increasingly in the European Union, policy risks for aluminum supply are growing," Goldman analysts including Jeff Currie said in a note released Monday. While Goldman does not view the recent coup as a material impact on bauxite, the upside risk remains as regional tensions could result in further logistical bottle-necks.

Falling supply will disrupt the industry for the rest of the year and much of 2022, according to many attendees at the Harbor Aluminum Summit in Chicago.

Some players project it will take as long as five years to solve the problem. This energy-dense metal has increased by about two-thirds over the past year.

Aluminum rose as much as 2.6 percent to $3,000 a tonne - its highest intraday level since 2008 - on the London Metal Exchange.

Harga Aluminium Akhirnya

Tembus US$3.000 per Ton,

Tertinggi Sejak 2016

Author: Hadijah Alaydrus

H

ARGA aluminium setelah naik 15 persen

selama tiga minggu terakhir, dipicu penurunan output China, di tengah dorongan untuk mengurangi emisi dan menghemat listrik. Sementara itu, kudeta di produsen bauksit Guinea telah menimbulkan kekhawatiran atas pasokan bahan yang digunakan dalam produksi aluminium.

Pabrik peleburan di Uni Eropa juga meng-hadapi kenaikan biaya dengan kredit karbon dan input listrik pada rekor tertinggi, kata Goldman Sachs Group Inc.

"Di China dan semakin di Uni Eropa, risiko kebijakan untuk pasokan aluminium tumbuh," kata analis Goldman termasuk Jeff Currie dalam sebuah catatan yang dirilis Senin (13/9/2021).

Sementara itu, Goldman tidak melihat kudeta baru-baru ini sebagai dampak material terhadap bauksit, risiko kenaikan tetap ada karena ketegangan regional dapat meng-hasilkan kemacetan logistik lebih lanjut. Pasokan yang turun akan mengganggu industri sepanjang sisa tahun ini dan sebagian besar tahun 2022, menurut banyak peserta di Harbour Aluminium Summit di Chicago.

Beberapa pemain memproyeksikan perlu waktu selama lima tahun untuk menye-lesaikan masalah. Logam padat energi ini telah meningkat sekitar dua pertiga selama setahun terakhir.

Aluminium naik sebanyak 2,6 persen menjadi US$3.000 per ton - level intraday tertinggi sejak 2008 - di London Metal Exchange.

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The metal then traded at US$2,992.50 in the morning of London time. In China, the metal rose as much as 5.4 percent to 23,790 yuan, the highest since 2006. Meanwhile, zinc fell 0.9 percent in London. Stock of Aluminum Corp. of China Ltd., the country's largest smelter, jumped as much as 12 percent in Hong Kong on Monday (13/9/2021).

Chinese metal issuers may see further gains due to more government steps to curb steel production to reduce carbon emissions.

As such, these conditions boost cement, steel and aluminum prices, Citigroup Inc analyst Jack Shang said in a note. Editor : Hadijah Alaydrus

Logam tersebut kemudian diperdagangkan pada US$2.992,50 pada pagi hari waktu London. Di China, logam naik sebanyak 5,4 persen menjadi 23.790 yuan, tertinggi sejak 2006. Sementara itu, seng turun 0,9 persen di London.

Saham Aluminium Corp. of China Ltd., pabrik peleburan terbesar di negara itu, melonjak sebanyak 12 persen di Hong Kong pada hari Senin (13/9/2021).

Emiten logam China mungkin melihat kenaikan lebih lanjut karena lebih banyak langkah pemerintah untuk mengekang produksi baja untuk mengurangi emisi karbon.

Dengan demikian, kondisi ini meningkat-kan harga semen, baja dan aluminium, menurut analis Citigroup Inc Jack Shang dalam sebuah catatan. Editor : Hadijah Alaydrus

Nickel Stocks Drop Nearly 30%,

Lowest Since January 2020

Hidayat Setiaji, CNBC Indonesia

T

HE SUPPLY of nickel at the LME (London

Metal Exchange) warehouse in September 2021 reached the lowest level since January 2020. The shortage of supply made the price of this commodity move up. Compiled from West Metal, the average supply of nickel metal in September 2021 is 185,100 tons. Nickel inventories have fallen for the fifth month in a row and recorded a decline of 28.84% since April 2021.

Stok Nikel Anjlok Hampir 30%,

Terendah Sejak Januari 2020

P

ASOKAN nikel di gudang LME (London

Metal Exchange) pada September 2021 mencapai level terendah sejak Januari 2020. Kelangkaan pasokan membuat harga komoditas ini bergerak naik.

Dihimpun dari West Metal, persediaan rata-rata logam nikel pada September 2021 sebesar 185.100 ton. Persediaan nikel telah turun selama lima bulan beruntun dan mencatatkan penurunan 28,84% sejak April 2021.

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The scarcity of nickel supplies and high demand made nickel prices hit a record high since 2014 in last weekend's trading. The demand for nickel increased in line with the increasing demand for nickel as a raw material for electric car batteries amid rising global electric car sales.

Citing the latest Canalys report, world electric car sales in the first half of 2021 were 2.6 million units. Up 160% compared to the first semester of 2020.

The International Energy Agency (IEA) in its report predicts that by 2030 the use of electric vehicles is expected to increase to 22 million units, or an increase of 850.9% compared to 2020. This is supported by the commitment of several countries to reduce carbon emissions, and the expectation of a downward trend in electric car prices. in the future.

Meanwhile, launching the EV Metal Index data, the metal value of electric car batteries in June 2021 rose 237% year-on-year (yoy).

Langkanya persediaan nikel dan tingginya permintaan membuat harga nikel menem-bus rekor tertinggi sejak 2014 pada perda-gangan akhir pekan kemarin. Permintaan nikel naik seiring dengan meningkatnya kebutuhan nikel sebagai bahan baku baterai mobil listrik di tengah naiknya penjualan mobil listrik dunia.

Mengutip laporan terbaru Canalys, pen-jualan mobil listrik dunia pada semester-I 2021 sebesar 2.6 juta unit. Melesat 160% dibanding semester-I 2020.

International Energy Agency (IEA) dalam laporannya memprediksi pada 2030 peng-gunaan kendaraan litrik diperkirakan akan meningkat menjadi 22 juta unit, atau melonjak 850,9% dibandingkan 2020. Hal ini didukung oleh komitmen beberapa negara untuk mengurangi emisi karbon, dan ekspektasi tren penurunan harga mobil listrik di masa mendatang.

Sementara itu melansir data EV Metal Index, nilai logam baterai mobil listrik pada bulan Juni 2021 naik 237% year-on-year (yoy).

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Compared to the previous month, the metal value of electric car batteries rose 36% in June 2021. This means that the production of metal electric car batteries in the first half of 2021 increased rapidly compared to 2020.

For information, the EV Metal Index is an index that measures the value of metals used to make electric car batteries around the world.

Dibandingkan bulan sebelumnya, nilai logam baterai mobil listrik naik 36% pada bulan Juni 2021. Artinya produksi logam baterai mobil listrik pada semester-I 2021 meningkat pesat dibandingkan tahun 2020.

Sebagai informasi, EV Metal Index adalah indeks yang mengukur nilai logam yang digunakan untuk membuat baterai mobil listrik di seluruh dunia.

"The demand side is quite strong and supply is limited due to previous lock-downs, especially in places like Indonesia." said independent analyst Robin Bhar, quoted from Kitco.com. Bhar predicts that nickel prices could rise above the 2014 high of US$ 21,625/ton. CNBC INDONESIA RESEARCH TEAM (aji/aji)

"Sisi permintaan cukup kuat dan pasokan yang terbatas karena lockdown sebelum-nya, terutama di tempat-tempat seperti Indonesia." kata analis independen Robin Bhar, dikutip dari Kitco.com. Bhar mem-prediksi harga nikel bisa meningkat di atas harga tertinggi 2014 US$ 21.625/ton. TIM RISET CNBC INDONESIA (aji/aji)

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A peek at the trend of

strengthening nickel prices and

their effects in the country

Reporter: Muhammad Julian | Editor: Anna

Suci Perwitasari

N

ICKEL prices are still showing a

strengthening trend throughout this year. This also has an impact on domestic nickel companies.

Quoting Bloomberg, the price of nickel futures on the London Metal Exchanges (LME) was at the level of US$ 20,392 per metric ton at the close of trading Friday (10/9). As a result, year to date (ytd) nickel prices have strengthened 22.74%.

The positive nickel price trend is also reflected in the mineral benchmark price released by the Ministry of Energy and Mineral Resources (ESDM). Based on this data, the nickel price in September 2021 reached US$ 19,239.26 per ton. This means, so far this year, nickel has shot up 17 percent.

Secretary General of the Indonesian Nickel Miners Association (APNI) Meidy Katrin Lengkey said the strengthening of nickel prices was driven by two factors, namely the availability of nickel ore in China was running low and nickel reserves in LME warehouses decreased.

In addition, the demand for nickel also continues to increase in line with the demand for electric vehicles which also soared this year.

"In 2030 the use of electric vehicles is estimated to reach 22 million units, this condition is increasingly driven by the requirements of several countries to reduce carbon emissions," he told Kontan.co.id, Monday (13/9).

Mengintip tren penguatan

harga nikel dan efeknya di

dalam negeri

Reporter: Muhammad Julian | Editor: Anna Suci Perwitasari

H

ARGA nikel masih menunjukkan tren

penguatan di sepanjang tahun ini. Hal ini pun berdampak pada perusahaan nikel di dalam negeri.

Mengutip Bloomberg, harga nikel berjangka di London Metal Exchanges (LME) berada di level US$ 20.392 per metrik ton pada penutupan perdagangan Jumat (10/9). Alhasil, secara year to date (ytd) harga nikel sudah menguat 22,74%. Tren harga positif nikel juga tercermin pada harga patokan mineral yang dirilis oleh Kementerian Energi dan Sumber Daya Mineral (ESDM). Berdasarkan data ter-sebut, harga nikel pada September 2021 mencapai US$ 19.239,26 per ton. Artinya, sepanjang tahun ini, nikel sudah melesat 17%.

Sekretaris Jenderal Asosiasi Penambang Nikel Indonesia (APNI) Meidy Katrin Lengkey mengatakan, penguatan harga nikel didorong oleh dua faktor, yaitu ketersediaan bijih nikel di China sudah menipis dan cadangan nikel di Gudang LME turun.

Selain itu, permintaan nikel juga terus meningkat sejalan dengan permintaan kendaraan listrik atau electric vehicle yang juga melonjak di tahun ini.

“Pada tahun 2030 penggunaan kendaraan listrik diperkirakan mencapai 22 juta unit, kondisi ini makin didorong juga oleh persyaratan beberapa negara untuk mengurangi emisi karbon,” kata dia kepada Kontan.co.id, Senin (13/9).

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The positive trend in nickel prices and demand also had an impact on acquisition activities in the nickel mining industry. According to APNI's records, the acquisition of nickel mining companies by non-nickel mining companies in the midst of a trend of strengthening prices has often occurred since last year.

Moreover, the prospect of nickel ore demand remains positive as the cons-truction of smelters and high pressure acid leaching (HPAL) plants continues.

According to APNI's records, HPAL factories will increase to 98 factories in 2025. With this amount, the demand for nickel ore is estimated to increase to 250 million tons per year.

"The trend in nickel demand which is quite positive has made many business players from various industries to enjoy and run the nickel mining production process, this trend has occurred since 2020, where many new companies acquired nickel mining companies," said Meidy.

In addition to encouraging acquisitions, positive nickel price and demand trends are also expected to boost nickel ore production plans in the Work Plan and Budget (RKAB) applications for nickel mining companies in Southeast Sulawesi, Central Sulawesi and North Maluku in 2022.

According to Meidy's estimation, nickel ore production plans for nickel mining companies in Southeast Sulawesi, Central Sulawesi, and North Maluku have the potential to increase by 40-60% in 2022 compared to the nickel ore production plan in the 2021 RKAB.

As a comparison, based on APNI records, the total planned nickel ore production in the three provinces is 120 million tons in 2021.

Tren harga serta permintaan nikel yang positif turut berdampak pada aktivitas akuisisi dalam industri pertambangan nikel. Dalam catatan APNI, aktivitas akuisisi perusahaan tambang nikel oleh perusahaan non penambangan nikel di tengah tren penguatan harga kerap terjadi sejak tahun lalu.

Terlebih, prospek permintaan bijih nikel masih positif seiring pembangunan smelter dan pabrik high pressure acid leaching (HPAL) yang masih terus berlanjut.

Dalam catatan APNI, pabrik HPAL akan bertambah menjadi 98 pabrik di tahun 2025 mendatang. Dengan jumlah tersebut, permintaan bijih nikel diperkirakan bisa naik hingga 250 juta ton per tahun.

“Tren permintaan nikel yang cukup positif membuat banyak pelaku usaha dari berbagai industri untuk ikut menikmati dan menjalankan proses produksi tambang nikel, tren ini sudah terjadi sejak 2020, di mana banyak perusahaan baru meng-akuisisi perusahaan tambang nikel,” tutur Meidy.

Selain mendorong akuisisi, tren harga serta permintaan nikel yang positif juga diper-kirakan bakal mengerek rencana produksi bijih nikel dalam permohonan Rencana Kerja dan Anggaran Belanja (RKAB) perusahaan-perusahaan tambang nikel di Sulawesi Tenggara, Sulawesi Tengah, dan Maluku Utara pada tahun 2022.

Menurut estimasi Meidy, rencana produksi bijih nikel perusahaan--perusahaan tambang nikel di Sulawesi Tenggara, Sulawesi Tengah, dan Maluku Utara berpotensi naik hingga 40%-60% pada tahun 2022 dibanding rencana produksi bijih nikel dalam RKAB 2021.

Sebagai pembanding, berdasarkan catatan APNI, total rencana produksi bijih nikel di ketiga provinsi tersebut berjumlah 120 juta ton di tahun 2021.

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Uptrend potential and stock option recommendations

Samuel Sekuritas analyst Dessy Lapagu estimates that there is a potential uptrend in nickel prices in the rest of the current year and next year. According to Samuel Sekuritas' projections, the average nickel price has the potential to be at the level of US$ 18,200 per tonne - US$ 18,800 per tonne throughout 2021 and 2022.

The driving factors are the increase in demand in line with the economic improve-ment, as well as supply from producing countries which are still disrupted (supply disruption) due to the decline in the productivity of producing countries in 2020.

With such potential, Samuel Sekuritas Indonesia makes the shares of PT Aneka Tambang Tbk (ANTM) and PT Vale Indonesia Tbk (INCO) as the main choices, aka top picks in the nickel mining sector. Dessy also said that the target share price for ANTM is Rp 3,230 and Rp 6,700 per share for INCO. This takes into account the significant impact of changes in nickel prices on the two stocks.

"INCO only produces nickel, while for ANTM, its nickel exposure has now increased quite a bit to the topline," Dessy concluded.

Potensi uptrend dan rekomendasi pilihan saham

Analis Samuel Sekuritas Dessy Lapagu memperkirakan, adanya potensi uptrend pada harga nikel di sisa tahun berjalan maupun tahun depan. Dalam proyeksi Samuel Sekuritas, harga rata-rata nikel berpotensi berada di level US$ 18.200 per ton - US$ 18.800 per ton pada sepanjang tahun 2021 dan 2022.

Faktor pendorongnya yakni kenaikan permintaan seiring perbaikan ekonomi, serta pasokan dari negara-negara produsen yang masih terdisrupsi (supply disruption) akibat penurunan produktivitas negara-negara produsen di tahun 2020.

Dengan potensi yang demikian, Samuel Sekuritas Indonesia menjadikan saham PT Aneka Tambang Tbk (ANTM) dan PT Vale Indonesia Tbk (INCO) sebagai pilihan utama alias top picks di sektor tambang nikel. Dessy juga mengatakan, target harga saham untuk ANTM di Rp 3.230 dan Rp 6.700 per saham untuk INCO. Hal ini mem-pertimbangkan dampak signifikan per-ubahan harga nikel terhadap kedua saham tersebut.

“INCO produknya nikel saja, sementara ANTM, eksposur nikel-nya sekarang cukup meningkat terhadap topline,” pungkas Dessy.

As climate talks near, pressure grows on Asia to cancel new coal

projects

Beh Lih Yi (Thomson Reuters Foundation) Kuala Lumpur

W

ITH six nations accounting for over 80 percent of planned new coal projects globally,

winning commitments to cancel those projects could help November's COP26 UN climate summit "consign coal power to history", a key goal of organizers, researchers said.

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Proposed new coal power capacity globally has plunged 76 percent since the Paris Agreement in 2015, with 44 countries agreeing to end new projects, according to a report by think-tank E3G released on Tuesday.

Asia however is still at the center of the world's remaining pipeline, which means action by six countries alone - China, India, Vietnam, Indonesia, Turkey and Bangladesh - could remove over four-fifths of planned projects before construction.

Ending the use of coal - the most polluting fossil fuel - for power production has been a key focus for climate change activists, leading to funding and insurance for new projects rapidly drying up.

Swiftly ending coal use is seen as vital to global goals of capping global warming at "well below" 2 degrees Celsius and ideally 1.5C and avoiding swiftly worsening climate threats such as harsher storms, floods, wildfires and crop failures.

But coal remains a mainstay for power generation in Asia, which accounts for 75 percent of global coal demand, according to the International Energy Agency.

Countries with significant coal deposits or energy systems reliant on the fuel have been slow to abandon it, tied down in part by the costs of abandoning still-functioning plants and mines or reluctant to break commitments to new plants.

China also remains a major funder of new coal energy, even as declining prices for solar and wind power make green energy more competitive than coal in most parts of the world.

"The economics of coal have become increasingly uncompetitive in comparison to renewable energy, while the risk of stranded assets has increased," said Chris Littlecott, the report author and an associate director at E3G.

- Last man standing -

China alone is home to about 53 percent of the new coal power capacity under construction globally, the report noted.

That is despite a 74 percent reduction in its project pipeline since the Paris climate accord, according to E3G.

The Asian giant, however, is not only under scrutiny for its coal projects at home but also for funding projects abroad, after two other major financiers – South Korea and Japan – said this year they would end overseas coal financing.

"China is the last man standing in supporting coal projects abroad," Li Shuo, a Beijing-based policy advisor at Greenpeace East Asia, told the Thomson Reuters Foundation.

"The Chinese government should get ahead of this trend by declaring an overseas coal moratorium. Doing so before COP26 will contribute momentum into the year-end global climate gathering," he said.

(23)

Getting countries to commit to more ambitious emission-cutting plans and providing the necessary finance to put them into place are key themes at the COP26 summit, billed as the last chance to galvanize the action needed to limit global warming to 1.5C.

Alok Sharma, the British official who will preside over the talks, has said the summit, scheduled to take place in Scotland in November, needs to "consign coal power to history". Countries from Indonesia to the Philippines have been part of a new wave of commitments across Asia to not approve new coal power projects - but projects already planned or under construction will still go ahead in most cases.

With new plants needing to run for decades to pay back the costs of building them, failure to reverse those plans could doom climate goals, climate scientists and activists say.

"We have to talk about terminating 'under construction' projects, and cancelling the 'planned projects' when it comes to coal in Asia," said Sejong Youn, a director at Solutions for Our Climate, a Seoul-based non-profit on climate change.

"That is the real target we need to be pushing in COP26."

Youn said there is a "high likelihood" China will "quietly, virtually" end overseas coal finance at some point, but he expects the country will not announce such a move to avoid being seen as caving in to outside pressure.

- Costs of coal switch -

Any efforts to ditch coal should also take into account how that would impact impoverished communities and workers across Asia and potentially deepen inequalities, said Indonesian campaigner Arti Indallah Tjakranegara.

Transitioning to cleaner energy in Indonesia could create millions of new green jobs in the country of 260 million but also lead to the unemployment of tens of thousands and threaten the economy of coal-producing regions.

Indonesia, the world's top exporter of coal for power generation, currently sources 60 percent of its own energy from coal.

It plans to stop using coal, oil and gas by 2060 and aims to have 85 percent of its energy needs from renewable sources then.

"Energy transition is like two sides of the same coin. There are also risks to be mitigated," said Tjakranegara, a manager at Yayasan Humanis dan Inovasi Sosial, an Indonesian non-profit working on climate change issues.

"A just energy transition needs to address the main challenges of unemployment, environmental degradation and inequality," she said by phone from Jakarta.

(Thomson Reuters Foundation, the charitable arm of Thomson Reuters, covers the lives of people around the world who struggle to live freely or fairly.)

(24)

Coal Prices Record Again!

Getting Closer to US$180/ton

C

OAL prices rose again. This time the

increase to penetrate the highest record. Yesterday, the price of coal on the ICE Newcastle (Australia) market was recorded at US$ 179.15/ton. Up 2.46% from last weekend's position as well as being the highest on record since at least 2008.

Coal is one of the commodities with the highest price increase this year. Since the end of 2020 (year-to-date/ytd), the price of the black stone has skyrocketed by 120.5%.

There are several factors that cause coal prices to soar. One, the price of natural gas also rose. In terms of ytd, natural gas prices shot up 104.92%.

This increase makes the cost of generating electricity with natural gas expensive. In Europe, the cost of generating electricity with natural gas on 7 September 2021 is EUR 52.4/MWh. While with coal, the cost is EUR 43.72/MWh. This makes coal more attractive.

Two, demand for coal soared sharply. In August 2021, China's coal imports were 28.1 metric tons. Up 35.8% compared to the same period the previous year (year-on-year). CNBC INDONESIA RESEARCH TEAM (aji/aji)

Harga Batu Bara Rekor Lagi! Kian

Dekat ke US$180/ton Nih...

H

ARGA batu bara naik lagi. Kali ini

kenaikannya hingga menembus rekor tertinggi.

Kemarin, harga batu bara di pasar ICE Newcastle (Australia) tercatat US$ 179,15/ton. Naik 2,46% dari posisi akhir pekan lalu sekaligus menjadi rekor ter-tinggi setidaknya sejak 2008.

Batu bara adalah salah satu komoditas dengan kenaikan harga paling tinggi tahun ini. Sejak akhir 2020 (year-to-date/ytd), harga si batu hitam meroket 120,5%. Ada beberapa faktor yang menyebabkan harga batu bara melonjak. Satu, harga gas alam juga naik. Secara ytd, harga gas alam melesat 104,92%.

Kenaikan ini membuat biaya pembang-kitan listrik dengan gas alam menjadi mahal. Di Eropa, biaya pembangkitan listrik dengan gas alam pada 7 September 2021 adaah EUR 52,4/MWh. Sementara dengan batu bara, biayanya EUR 43,72/ MWh. Hal ini membuat batu bara lebih menarik.

Dua, permintaan batu bara melonjak tajam. Pada Agustus 2021, impor batu bara China dalah 28,1 metrik ton. Melesat 35,8% dibandingkan periode yang sama tahun sebelumnya (year-on-year). TIM RISET CNBC INDONESIA (aji/aji)

(25)

Robust metals price outlook softens in 2022 – reports

Henry Lazenby

T

HE GLOBAL metals and mining industry outlook has changed from ‘positive’ to ‘stable’,

with a new Moody’s Investors Service report finding that despite most metals prices exceeding historical marks, that doesn’t mean they will improve from current levels.

The high current price levels are expected to fade despite expected high overall demand for metals and mining throughout the period. Moody’s sees most base metals prices showing signs of steadying in 2022 after reaching historical peaks this year.

In its report covering the medium-term outlook for iron ore, steel, coal, aluminum, gold, silver, nickel, copper and zinc, Moody’s expects most prices would exceed historical marks. “We expect industry’s earnings before interest, taxes, depreciation and amortization to increase by about 8% through mid-2022 based on economic recovery supporting demand for base metals, iron ore, steel and coal,” says Moody’s senior VP Barbara Mattos in a statement sent to MINING.COM.

Among the primary base metals, aluminum prices are expected to remain elevated through at least mid-2022. Aluminum prices will remain elevated through early 2022, having exceeded $2,600 per tonne, or $1.18 per pound, in mid-2021 – their highest level in a decade.

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