TABLE OF CONTENTS. No. Title Media Source Page

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Daily News Update Page 1

Ministry of Energy and Mineral Resources (ESDM), is still reviewing the plan to provide subsidies for Dimethyl Ether (DME) products, the result of coal gasification. This was conveyed by the Director of Coal Development and Business, Directorate General of Mineral and Coal, Ministry of ESDM, Sujatmiko.

He said, if this gasification project is economically beneficial to the country, then there will be a government assignment. With this assignment, subsidies will be given to DME products.

"Subsidies, the government is considering and reviewing government assignments. If everything is later, for example, all economic value will benefit the country, then there will be a government assignment. This assign-ment, the subsidy will be given to DME," he explained in Green Talk: Get Ready for Coal Gasification aired on the YouTube channel BeritaSatu, Monday night (23/02/ 2021). He further said that if the subsidy is still given the same as the amount of subsidized Liquefied Petroleum Gas (LPG), but at least DME products do not need to be imported. "Even if subsidies still exist, we don't import LPG," he said.

Meanwhile, Director of Development of PT Bukit Asam Tbk (PTBA) Fuad Iskandar Zulkarnain Fachroeddin said that so far the LPG purchased by the community is the result of government subsidies. With the DME,...

Pemerintah Kaji Rencana

Pemberian Subsidi DME

Anisatul Umah, CNBC Indonesia

P

EMERINTAH dalam hal ini Kementerian

Energi dan Sumber Daya Mineral (ESDM) masih mengkaji rencana pemberian subsidi produk Dimethyl Ether (DME), hasil gasifikasi batu bara.

Hal tersebut disampaikan oleh Direktur Pembinaan dan Pengusahaan Batu Bara Direktorat Jenderal Mineral dan Batu Bara Kementerian ESDM Sujatmiko.

Dia mengatakan, jika proyek gasifikasi ini secara nilai ekonomi menguntungkan negara, maka akan ada penugasan peme-rintah. Dengan penugasan ini, maka subsidi akan diberikan ke produk DME.

"Subsidi, pemerintah sedang pertimbangkan dan kaji penugasan pemerintah kalau semua nanti, misalnya semua nanti ekonomi value untungkan negara, maka akan ada penu-gasan pemerintah. Penupenu-gasan ini, maka subsidi akan diberikan pada DME," paparnya dalam Green Talk: Siap-Siap Gasifikasi Batu Bara ditayangkan di kanal YouTube Berita-Satu, Senin malam (23/02/2021).

Lebih lanjut dia mengatakan, jika subsidi tetap diberikan sama dengan jumlah subsidi

Liquefied Petroleum Gas (LPG), namun

setidaknya produk DME tidak perlu impor. "Kalau toh subsidi masih ada, tapi kita nggak impor LPG," tuturnya.

Sementara itu, Direktur Pengembangan PT Bukit Asam Tbk (PTBA) Fuad Iskandar Zulkarnain Fachroeddin mengatakan, selama ini LPG yang dibeli masyarakat adalah hasil dari subsidi pemerintah. Dengan adanya DME,...

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Daily News Update Page 4 With the DME, according to him, the

subsidies that have been aimed at subsidizing LPG can be diverted to DME. "People buy X rupiah, the difference is government subsidies, we mean that DME gets subsidies. The subsidy for DME diverts part of the LPG subsidy into a DME subsidy," he said.

According to him, the gasification project is expected to provide added value to the wider community and also the country. Through this project, there will be a lot of workforce absorption, namely around 10,000 during construction and around 8,000 during operation.

"And it also saves the trade balance of up to Rp 5.5 trillion per year. And with DME production of 1.4 million tons per year, it can reduce LPG imports by 1 million 76 thousand tons per year and save foreign exchange reserves," he said. (wia)

Dengan adanya DME, maka menurutnya subsidi yang selama ini ditujukan untuk subsidi LPG, bisa dialihkan ke DME.

"Masyarakat beli X rupiah, selisihnya subsidi pemerintah, yang kita maksudkan DME peroleh subsidi. Subsidi untuk DME itu alihkan sebagian subsidi LPG jadi subsidi DME," tuturnya.

Menurutnya, dengan proyek gasifikasi ini diharapkan akan memberikan nilai tambah pada masyarakat luas, dan juga negara. Melalui proyek ini akan terjadi banyak penyerapan tenaga kerja yakni sekitar 10.000 pada saat konstruksi dan sekitar 8.000 ketika operasi.

"Dan juga hemat neraca perdagangan sampai Rp 5,5 triliun per tahun. Dan dengan produksi DME 1,4 juta ton per tahun, bisa kurangi impor LPG 1 juta 76 ribu ton per tahun dan hemat cadangan devisa," tegasnya. (wia)

2020 Performance: Indo

Tambangraya (ITMG) Profit

Drops to Rp 556.7 Billion

Author: Asteria Desi Kartika Sari

C

OAL mining company, PT Indo Tambang-raya Mega Tbk, posted a decline in performance throughout 2020.

Based on the company's financial report quoted by Bisnis Tuesday (23/2/2021), the issuer coded ITMG shares only pocketed revenues of US$ 1.18 billion. That realization was down 30.9 percent compared to US$ 1.71 billion in 2019.

Kinerja 2020: Laba Indo

Tambangraya (ITMG) Turun Jadi

Rp556,7 Miliar

Author: Asteria Desi Kartika Sari

E

MITEN pertambangan batu bara, PT Indo

Tambangraya Mega Tbk membukukan penurunan kinerja sepanjang tahun 2020. Berdasarkan laporan keuangan perseroan yang dikutip Bisnis Selasa (23/2/2021), emiten berkode saham ITMG itu hanya mengantongi pendapatan sebesar US$1,18 miliar. Realisasi itu turun 30,9 persen dibandingkan dengan US$1,71 miliar tahun 2019.

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Daily News Update Page 5 In line with the weakening revenue, ITMG

posted a 74.6 percent decrease in profit for the period attributable to the parent entity on an annual basis to US$ 33.28 million compared to the profit for the same period last year of US$ 131.25.

By calculating the rupiah exchange rate of Rp 14,105 per US dollar, ITMG's revenue in 2020 is Rp 16.71 trillion and a net profit of Rp 556.71 billion.

In more detail, coal sales are still the main contributor to the company's total revenue, followed by fuel sales and service revenue.

Meanwhile, coal sales to ITMG's third parties amounted to US$ 1.078 billion in 2020, while coal sales to related parties were at the level of US$ 49.14 million. Then, third party fuel sales amounted to US$ 49.14 million and third party service revenues of US$ 2.715 million.

The company appears to have suppressed several performance expenses, one of which is the cost of revenue which fell 28.9 percent to US$ 986.18 million compared to 2019 of US$ 1.38 billion.

On the other hand, as of December 30, 2020 ITMG had total liabilities of US$ 312,339 million, a decrease of 3.7 percent compared to last year's US$ 324.57 million. Meanwhile, ITMG's total assets as of 30 December 2020 amounted to US$ 1.15 billion with total cash and cash equivalents of US$ 231.45 million. Editor: Hafiyyan

Sejalan dengan pelemahan pendapatan, ITMG membukukan penurunan laba periode berjalan yang dapat diatribusikan kepada entitas induk 74,6 persen secara tahunan menjadi sebesar US$33,28 juta dibandingkan dengan perolehan laba periode yang sama tahun lalu sebesar US$131,25.

Dengan perhitungan nilai tukar rupiah Rp 14.105 per dolar AS, maka raihan penda-patan ITMG pada 2020 senilai Rp16,71 triliun dan laba bersih Rp556,71 miliar. Lebih rinci, penjualan batu bara masih menjadi kontributor utama total penda-patan perseroan, kemudian dilanjutkan dari penjualan bahan bakar dan penda-patan jasa.

Adapun, penjualan batu bara ke pihak ketiga ITMG sebesar US$1,078 miliar pada 2020, sedangkan penjualan batu bara ke pihak berelasi berada di level US$49,14 juta. Kemudian, penjualan bahan bakar pihak ketiga sebesar US$49,14 juta dan pendapatan jasa pihak ketiga sebesar US$ 2,715 juta.

Perseroan tampak telah menekan bebe-rapa beban kinerja, salah satunya beban pokok pendapatan yang turun 28,9 persen menjadi sebesar US$986,18 juta diban-dingkan dengan 2019 sebesar US$1,38 miliar.

Di sisi lain, per 30 Desember 2020 ITMG memiliki total liabilitas sebesar US$ 312,339 juta, turun 3,7 persen dibanding-kan tahun lalu sebesar US$324,57 juta. Sementara itu, total aset ITMG per 30 Desember 2020 sebesar US$1,15 miliar dengan jumlah kas dan setara kas sebesar US$231,45 juta. Editor : Hafiyyan

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The coal selling price rose,

Adaro Energy (ADRO) considered

to be most benefited

Reporter: Avanty Nurdiana | Editor:

Avanty Nurdiana

C

OAL prices that continue to rise will benefit PT Adaro Energy Tbk (ADRO). Maybank analyst Kim Eng Sekuritas Isnaputra Iskandar, in his research on February 21, 2021, also maintained his recommendation to buy ADRO shares with a target of Rp 1,800 per share.

ADRO is quite profitable because 78% of their sales are for export. ADRO will also benefit from the electricity business, which will reduce the volatility of income for the next two - three years. "ADRO shares deserve a higher assessment given the strong coal price," explained Isnaputra in his research.

Coal price volatility and uncertainty in contract renewal are the main risks for ADRO. Changes in conditions for coal prices and contracts will affect the share recommendation made by Maybank Kim Eng.

ADRO coal production and sales volume in 2020 was 54.1 million tonnes (down 8.5% YoY) and 54.5 million tonnes (down 6% YoY), respectively. The realization of ADRO's coal production and sales volume is in line with the assumption of Maybank Kim Eng's estimate of 54.3 million tons. Meanwhile, Adaro's production contracts and overburden volume were below Maybank's estimate. Last year, ADRO's production contract reached 41.5 million tons, down 15.7% YoY with overburden (OB) volume dropping 29.3% yoy to 163.3 million bcm.

Harga jual batubara naik,

Adaro Energy (ADRO) dinilai

paling diuntungkan

Reporter: Avanty Nurdiana | Editor:

Avanty Nurdiana

H

ARGA batubara yang terus naik akan menguntungkan PT Adaro Energy Tbk (ADRO). Analis Maybank Kim Eng Sekuritas Isnaputra Iskandar dalam riset 21 Februari 2021 pun mempertahankan rekomendasi beli saham ADRO dengan target Rp 1.800 per saham.

ADRO cukup diuntungkan karena penjualan mereka 78% untuk diekspor. ADRO juga diuntungkan karena bisnis listrik sehingga menurunkan volatilitas pendapatan selama dua - tiga tahun ke depan. "Saham ADRO layak mendapatkan penilaian yang lebih tinggi mengingat harga batubara yang kuat," jelas Isnaputra dalam riset.

Volatilitas harga batubara dan ketidak-pastian dalam perpanjangan kontrak men-jadi salah satu risiko utama ADRO. Perubahan kondisi atas harga batubara dan kontrak akan mempengaruhi rekomendasi saham yang dibuat oleh Maybank Kim Eng. Volume produksi dan penjualan batubara ADRO pada tahun 2020 masing-masing sebesar 54,1 juta ton (turun 8,5% secara YoY) dan 54,5 juta ton (turun 6% YoY). Realisasi volume produksi dan penjualan batubara ADRO sejalan dengan asumsi Maybank Kim Eng yang memperkirakan di 54,3 juta ton. Sedangkan kontrak produksi dan volume overburden Adaro berada di bawah per-kiraan Maybank. Pada tahun lalu, kontrak produksi ADRO mencapai 41,5 juta ton, turun 15,7% YoY dengan volume over-burden (OB) turun 29,3% secara yoy men-jadi 163,3 juta bcm.

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Daily News Update Page 7 "However, we think this can be offset by

ADRO's strip ratio of 3.8bcm/ton (-18.1% YoY), lower than our estimate of 4.3bcm/ ton," explained Isnaputra.

This year, ADRO estimates that it can pocket EBITDA of US$ 750 million-US$ 900 million. For Isnaputra, the target is too conservative from ADRO's estimate of US$ 1.1 billion. "This reflects that management is being cautious about coal prices and not revenue prospects," he argued.

This year, Maybank Kim Eng estimates, coal production volume will be at 52 million-54 million tons. This figure is lower than in 2020 where the actual volume was 54.1 million tonnes when the average coal price was US$ 60 per tonne, lower than the current level of US$ 85 per ton.

Isnaputra explained, ADRO's EBITDA in 2021 is US$ 1.1 billion if the average coal price is US$ 80 per ton, production volume is 54 million tons, a strip ratio of 4.8bcm per ton and the price of Brent oil is US$ 60 per barrel.

This calculation also co unts, the construction of the 2,000 MW electricity project owned by ADRO, which has now reached 94.7%. "We are optimistic that we can fully contribute to revenue in 2023 and beyond. We estimate the contribution of business revenue to be 11%, up from 2% in 2019," explained Isnaputra. By 2020, ADRO's EBITDA is estimated at US$ 798 billion.

This year, Maybank Kim Eng estimates ADRO's revenue to reach US$ 3.11 billion with a net profit of US$ 410 million. Meanwhile, in 2020, ADRO's revenue is estimated to reach US$ 2.68 billion with a net profit of US$ 241 million.

"Namun, kami pikir ini bisa diimbangi nisbah kupas ADRO sebesar 3,8bcm/ton (-18,1% YoY), lebih rendah dari perkiraan kami sebesar 4,3bcm/ton," jelas Isnaputra. Pada tahun ini, ADRO memperkirakan bisa mengantongi EBITDA sebesar US$ 750 juta-US$ 900 juta. Bagi Isnaputra, target tersebut terlalu konservatif dari perkiraan ADRO sebesar US$ 1,1 miliar. "Ini men-cerminkan manajemen bersikap hati-hati terhadap harga batubara dan bukan prospek pendapatan," pendapat dia. Pada tahun ini, Maybank Kim Eng mem-perirakan, volume produksi batubara akan di 52 juta-54 juta ton. Angka ini lebih rendah dari tahun 2020 dimana volume aktual 54,1 juta ton ketika harga batu bara rata-rata US$ 60 per ton, lebih rendah dari level saat ini di US$ 85 per ton.

Isnaputra memaparkan, hitungan EBITDA ADRO 2021 di US$ 1,1 miliar jika harga batubara rata-rata sebesar US$ 80 per ton, volume produksi 54 juta ton, nisbah kupas 4,8bcm per ton dan harga minyak Brent sebesar US$ 60 per barel.

Hitungan ini juga menghitung, konstruksi proyek listrik 2.000 MW milik ADRO yang kini sudah mencapai 94,7%. "Kami optimistis dapat berkontribusi penuh ter-hadap pendapatan di 2023 dan seterusnya. Kami memperkirakan kontribusi penda-patan bisnis tersebut menjadi 11%, naik dari 2% pada 2019," jelas Isnaputra. Pada tahun 2020, EBITDA ADRO diperkirakan mencapai US$ 798 miliar.

Pada tahun ini, Maybank Kim Eng mem-perkirakan pendapatan ADRO mencapai US$ 3,11 miliar dengan laba bersih US$ 410 juta. Sedangkan pada tahun 2020, pendapatan ADRO diperkirakan mencapai US$ 2,68 miliar dengan laba bersih US$ 241 juta.

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Once hampered, Antam finally

controlled two of Vale's used

nickel mines

Author: Edo Fernando, Editor: Umar RP.

P

T ANEKA Tambang Tbk (Antam) will soon

be able to take control of the North Bahodopi Block and the Matarape Block after more than two years of waiting. The two nickel mining areas are the impact of the downsizing policy of the mine owned by PT Vale Indonesia Tbk (INCO).

Aneka Tambang also admits that currently they are still waiting for the issuance of the Special Mining Business Permit (IUPK) for the Bahodopi Utara Block and Matarape Block. He added that the IUPK issuance process has now been processed at the Ministry of ESDM.

The two nickel mining areas are known to have been obtained by Aneka Tambang since August 2018.

Aneka Tambang got it after winning the priority bid made by the Ministry of ESDM. The North Bahodopi Block was obtained on 1 August 2018 and the Matarape Block on 21 August 2018.

Aneka Tambang also claims to have paid the Information Data Compensation (KDI) fee in accordance with applicable regulations. From the Decree of the Minister of ESDM number 1805.K/30/MEM/2018, it is known that the total area of the mining area in the Matarape Block, Southeast Sulawesi has reached 1,681 hectares. The total KDI price range is known to be Rp 184.05 billion. Meanwhile,...

Sempat Terganjal, Akhirnya

Antam Segera Kuasai Dua

Tambang Nikel Bekas Vale

Penulis : Edo Fernando, Editor : Umar RP.

P

T ANEKA Tambang Tbk (Antam) akan

segera dapat menguasai Blok Bahodopi Utara dan juga Blok Matarape setelah dua tahun lebih menunggu. Kedua lahan tambang nikel tersebut merupakan imbas dari kebijakan penciutan dari tambang milik PT Vale Indonesia Tbk (INCO).

Pihak Aneka Tambang pun mengaku bahwa saat ini mereka masih menunggu terbitnya Izin Usaha Pertambangan Khusus (IUPK) untuk Blok Bahodopi Utara dan Blok Matarape tersebut. Pihaknya menambahkan bahwa proses penerbitan IUPK itu sekarang sudah diproses di Kementerian ESDM.

Kedua wilayah tambang nikel tersebut, diketahui telah didapatkan oleh Aneka Tambang sejak bulan Agustus 2018 silam. Aneka Tambang mendapatkannya setelah memenangkan penawaran prioritas yang dilakukan oleh pihak Kementerian ESDM. Untuk Blok Bahodopi Utara didapat pada tanggal 1 Agustus 2018 dan Blok Matarape pada tanggal 21 Agustus 2018.

Pihak Aneka Tambang pun juga mengaku telah membayarkan biaya Kompensasi Data Informasi (KDI) sesuai dengan peraturan yang berlaku.

Dari surat Keputusan Menteri ESDM ber-nomor 1805.K/30/MEM/2018, diketahui bahwa untuk luas wilayah tambang di Blok Matarape, Sulawesi Tenggara itu mencapai 1.681 hektare. Jumlah kisaran harga KDI-nya diketahui sebesar Rp184,05 miliar. Sedangkan...

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Daily News Update Page 9 Meanwhile, the mining area in the

Bahodopi Utara Block in Central Sulawesi has an estimated area of 1,896 hectares with an estimated KDI value of Rp 184.8 billion.

The reason for the lengthy process of more than two years is due to the fact that the Ministry of ESDM has not issued an exploration permit. The reason is that the Ombudsman of the Republic of Indonesia suspects allegations of maladministration in the priority bidding or mining block auction conducted by the Ministry of ESDM in 2018.

Sedangkan untuk wilayah tambang di Blok Bahodopi Utara yang ada di Sulawesi Tengah itu luasnya diperkirakan mencapai 1.896 hektare dengan nilai KDI diketahui sebesar Rp184,8 miliar.

Adapun penyebab lamanya proses tersebut hingga lebih dari dua tahun itu disebabkan oleh belum dikeluarkannya izin eksplorasi dari Kementerian ESDM. Alasannya, pihak Ombudsman Republik Indonesia mencurigai adanya dugaan maladministrasi dalam kegiatan penawaran prioritas atau pelelangan blok tambang yang dilakukan pihak Kementerian ESDM pada tahun 2018 tersebut.

Sales of United Tractors (UNTR)

heavy equipment reached 1,564

units in 2020

Reporter: Akhmad Suryahadi | Editor: Yudho Winarto

P

T UNITED Tractors Tbk (UNTR)

recorded sales of Komatsu heavy equip-ment totaling 1,564 units throughout 2020. This realization decreased 46.54% from Komatsu's sales in the previous year which reached 2,926 units.

However, sales of this heavy equipment exceeded the target set by UNTR. Last year, UNTR set an initial sales target of 1,400 units. This achievement also exceeded the management's estimate of 1,500 units. Launching the financial report on Wednesday (24/2), by sector, sales of heavy equipment during the last year were still dominated by sales in the mining sector, which amounted to 35% or around 574 units and the construction sector which was also 35% or 574 units.

Penjualan alat berat United

Tractors (UNTR) capai 1.564 unit

di 2020

Reporter: Akhmad Suryahadi | Editor: Yudho Winarto

P

T UNITED Tractors Tbk (UNTR)

mencatat-kan penjualan alat berat Komatsu sebanyak 1.564 unit sepanjang 2020. Realisasi ini menurun 46,54% dari penjualan Komatsu tahun sebelumnya yang mencapai 2.926 unit. Namun, penjualan alat berat ini melampaui target yang dipasang UNTR. Tahun lalu, UNTR mematok target penjualan awal sebanyak 1.400 unit. Capaian ini juga melam-paui perkiraan yang dipasang manajemen, yakni di angka 1.500 unit.

Melansir laporan keuangan, Rabu (24/2), secara sektoral, penjualan alat berat sepanjang tahun lalu masih didominasi oleh penjualan di sektor tambang (mining), yakni sebesar 35% atau sekitar 574 unit serta sektor konstruksi yang juga sebesar 35% atau 574 unit.

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Daily News Update Page 10 Followed by the forestry sector (forestry)

with 19% or 297 units and the agri sector with 11% or 172 units.

However, on a monthly basis (month-on-month/MoM), sales of Komatsu heavy equipment in December decreased significantly, from 136 units in November to 83 units in December 2020. This means that sales in December last year decreased by 38.9%. on a monthly basis.

By sector, as much as 47% of sales in December 2020 were contributed by the construction sector, followed by the mining sector with 27%, the agri sector with 18%, and the forestry sector with 8%. The year-to-date (YTD) market share for Komatsu in December 2020 was 29%. Previously, United Tractors Corporate Secretary Sara K. Loebis said Komatsu sales this year is estimated to increase to 1,700 units. Sara said, the projected increase in sales of heavy equipment this year is in line with growth in the non-mining sector.

Disusul sektor kehutanan (forestry) sebanyak 19% atau 297 unit dan sektor agri sebesar 11% atau 172 unit.

Meski demikian, secara bulanan (

month-on-month/MoM), penjualan alat berat

Komatsu di Desember menurun cukup dalam, dari 136 unit di November menjadi 83 unit di Desember 2020. Ini berarti, penjualan pada Desember tahun lalu menurun 38,9% secara bulanan.

Secara sektoral, sebanyak 47% penjualan pada Desember 2020 disumbang oleh sektor konstruksi, disusul sektor tambang sebanyak 27%, sektor agri sebanyak 18%, dan sektor kehutanan sebesar 8%.

Adapun pangsa pasar (market share) Komatsu secara year-to-date (YTD) Desember 2020 sebesar 29%.

Sebelumnya, Sekretaris Perusahaan United Tractors Sara K. Loebis mengatakan penjualan Komatsu tahun ini diperkirakan naik menjadi 1.700 unit. Sara menyebut, proyeksi kenaikan penjualan alat berat tahun ini seiring dengan pertumbuhan dari sektor non pertambangan.

Market Focus: Coal Mining

Entrepreneurs Get 0% Royalty

Relaxation

Ghafur Fadillah

M

OST recently, the regulation regarding the 0% coal royalty rate for mining entrepreneurs has been officially issued in Government Regulation/PP Number 25 of 2021 concerning the Implementation of the Energy and Mineral Resources Sector.

Fokus Pasar: Pengusaha

Tambang Batubara Dapat

Relaksasi Royalti 0%

Ghafur Fadillah

T

ERBARU, regulasi mengenai tarif royalti batubara 0% bagi pengusaha tambang telah resmi diterbitkan dalam Peraturan Pemerintah/PP Nomor 25 Tahun 2021 tentang Penyelenggaraan Bidang Energi dan Sumber Daya Mineral.

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Daily News Update Page 11 In his daily research, Pilarmas Sekuritas

explained that the PP is a derivative of Law Number 11 of 2020 concerning Job Creation. In CHAPTER II Article 3, it is explained that the holders of production operations mining business permits, production operation special mining business permits (IUPK) and IUPKs as a continuation of contract/ agreement operations, are given relaxation of royalty imposition of 0%.

"Royalty relaxation is given in order to facilitate development in increasing the added value of coal," explained Pilarmas, Wednesday (24/2).

Minister of Energy and Human Resources (ESDM) Arifin Tasrif said he would issue a regulation regarding the 0% coal gasification royalty rate. This aims to encourage the downstream program, especially the development of Dimethyl Ether or DME.

Further provisions regarding the amount, requirements and procedures for imposition of royalties will be regulated in a Ministerial Regulation and must obtain approval from the Ministry of Finance. So far, the regulation is being drafted internally at the Ministry of ESDM to discuss technical rules, criteria and procedures for providing incentives so as not to reduce state revenue.

On the other hand, Pilarmas continued, the government is also rumored to be setting a special price for coal for gasification use. This provision will later be included in the draft government regulation regarding the implementation of mineral and coal mining business activities, with the proposed expenditure scheme plus a proposed margin of 15%.

"Later, the formulation of the formula is being prepared in the form of a regulation of the Minister of Energy and Mineral Resources," said Pilarmas.

Dalam riset harianya, PIlarmas Sekuritas menjelaskan, PP tersebut merupakan turunan dari Undang-Undang Nomor 11 Tahun 2020 tentang Cipta Kerja. Dalam BAB II Pasal 3, dijelaskan pemegang izin usaha pertambangan operasi produksi, izin usaha pertambangan khusus (IUPK) operasi produksi serta IUPK sebagai kelanjutan operasi kontrak/perjanjian, diberikan relaksasi pengenaan royalti sebesar 0%. “Relaksasi royalti diberikan agar dapat mem-permudah pengembangan dalam me-ningkatkan nilai tambah batubara,” jelas Pilarmas, Rabu (24/2).

Menteri Energi Sumber Daya Manusia (ESDM) Arifin Tasrif mengatakan, akan menerbitkan regulasi mengenai tarif royalti gasifikasi batubara 0%. Hal tersebut ber-tujuan untuk mendorong program hilirisasi, khususnya pengembangan Dimethyl Ether atau DME.

Adapun ketentuan lebih lanjut mengenai besaran, persyaratan, dan tata cara penge-naan royalti ini akan diatur dalam Peraturan Menteri dan harus mendapatkan per-setujuan dari Kementerian Keuangan. Sejauh ini, beleid tersebut tengah disusun di internal Kementerian ESDM untuk mem-bahas teknis aturan, kriteria dan tata cara pemberian insentif agar tidak mengurangi penerimaan negara.

Di sisi lain, Pilarmas melanjutkan, peme-rintah juga dikabarkan akan menetapkan harga khusus batu bara untuk penggunaan gasifikasi. Ketentuan itu nantinya akan masuk dalam rancangan peraturan peme-rintah mengenai pelaksanaan kegiatan usaha pertambangan minerba, dengan skema usulan pengeluaran ditambah margin yang diusulkan sebanyak 15%.

“Nantinya, rumusan formula itu tengah disiapkan dalam bentuk peraturan menteri ESDM,” ujar Pilarmas.

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Daily News Update Page 12 In the journey of energy independence, the

DME program is considered by Pilarmas to be able to suppress imports of LPG where DME can be a substitute to meet low calorie coal consumption to support PLTU operations.

Issuer PT Bukit Asam Tbk (PTBA) is expected to be an issuer that gets the impact of this policy where the incentives from the imposition of taxes can reduce the company's tax burden. Editor: Gora Kunjana

Dalam perjalanan kemandirian energi, program DME dinilai Pilarmas dapat menekan impor atas elpiji dimana DME dapat menjadi substitusi guna memenuhi konsumsi batubara kalori rendah guna mendukung operasional PLTU.

Emiten PT Bukit Asam Tbk (PTBA) di-harapkan menjadi emiten yang mendapat dampak dari kebijakan tersebut dimana insentif dari pengenaan pajak dapat menurunkan beban pajak perusahaan.

Editor : Gora Kunjana

0% Royalty Effect Lost & Price

Drop, Coal Stocks Weakened

Putra, CNBC Indonesia

C

OAL stock prices plummeted in today's trading after coal commodity prices continued to slump ahead of the end of the winter period. Apart from that, coal stocks were also hit by profit taking after several days ago they had shot up due to the 0% coal royalty sentiment from the govern-ment.

Last Tuesday (23/2/2021) the price of the ICE Newcastle thermal coal futures contract dropped 2.5% to US$ 76.75/ton. Yesterday's closing price was the lowest price of the black stone throughout February 2021. The correction in coal prices followed the lowering of local Chinese coal prices as a result of relaxation of import quotas and the government's efforts to boost production amid tight domestic supplies.

Efek Royalti 0% Hilang & Harga

Drop, Saham Batu Bara Keok

Putra, CNBC Indonesia

H

ARGA saham batu bara anjlok pada perdagangan hari ini setelah harga komoditas batubara terus melandai jelang berakhirnya periode musim dingin. Selain itu saham batu bara juga terkena aksi ambil untung setelah berberapa hari lalu sempat melesat kencang akibat sentimen royalti batu bara 0% dari pemerintah. Selasa kemarin (23/2/2021) harga kontrak futures (berjangka) batu bara termal ICE Newcastle drop 2,5% ke US$ 76,75/ton.

Harga penutupan kemarin merupakan harga terendah si batu hitam di sepanjang bulan Februari 2021. Koreksi harga batu bara menyusul semakin murahnya harga batu bara lokal China sebagai akibat dari relaksasi kuota impor dan upaya pemerintah untuk mendongkrak produksi di tengah ketatnya pasokan domestik.

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Daily News Update Page 13 Even though the Qinhuangdao thermal coal

price is still above the highest limit targeted by the Panda Country government at RMB570/ton, the price has dropped sharply from previously touching RMB 1,000/ton now to just RMB 600/ton. The following is the movement of coal stocks in today's trading.

Issuer% Change PTRO 1.94% ADRO -0.41% ITMG -0.81% PTBA -1.10% DOID -1.24% INDY -1.33% BUMI -3.23% HRUM -4.71%

It is recorded that of the 8 giant coal issuers monitored, only one has succeeded in going green. The only coal stock that shot up was PT Petrosea Tbk (PTRO) which rose 1.94% to Rp 1,840/unit while its parent company PT Indika Energy Tbk (INDY) fell 1.33% to the level of Rp 1,485/unit.

Furthermore, state-owned coal issuer PT Bukit Asam Tbk (PTBA) also corrected 1.10% to the level of Rp 2,690/unit.

The most significant correction was recorded by PT Harum Energy Tbk (HRUM) which fell 4.71% to the level of Rp 6,575/unit. Meanwhile, one million coal issuers PT Bumi Resources Tbk (BUMI) also had a 3.23% correction.

In the future, coal prices are predicted to weaken again after the end of the winter season. Under normal conditions, winter accompanied by Chinese New Year celebrations will increase the demand for electricity, especially for the residential segment in China. This is when the price of coal usually rises because it is supported by increased demand.

Kendati harga batu bara termal Qinhuang-dao masih di atas batas tertinggi yang ditargetkan pemerintah Negeri Panda di RMB570/ton, tetapi harganya sudah merosot tajam dari yang tadinya sempat menyentuh RMB 1.000/ton kini menjadi RMB 600/ton saja.

Berikut gerak saham batu bara pada perdagangan hari ini.

Emiten %Change PTRO 1,94% ADRO -0,41% ITMG -0,81% PTBA -1,10% DOID -1,24% INDY -1,33% BUMI -3,23% HRUM -4,71%

Tercatat dari 8 emiten batu bara raksasa yang dipantau hanya satu yang berhasil menghijau. Satu-satunya saham batu bara yang melesat hanyalah PT Petrosea Tbk (PTRO) yang naik 1,94% ke level Rp 1.840/unit sedangkan induk usahanya PT Indika Energy Tbk (INDY) terkoreksi 1,33% ke level Rp 1.485/unit.

Selanjutnya emiten batu bara BUMN PT Bukit Asam Tbk (PTBA) juga terkoreksi 1,10% ke level Rp 2.690/unit.

Koreksi paling signifikan dibukukan oleh PT Harum Energy Tbk (HRUM) yang anjlok 4,71% ke level Rp 6.575/unit. Sedangkan emiten batu bara sejuta umat PT Bumi Resources Tbk (BUMI) juga terkoreksi parah 3,23%.

Kedepan, harga batu bara diprediksi akan kembali melemah setelah musim dingin yang akan segera berakhir. Dalam kondisi normal, musim dingin yang dibarengi dengan perayaan Tahun Baru Imlek akan meningkatkan permintaan listrik terutama untuk segmen residensial di China. Di saat inilah biasanya harga batu bara naik karena ditopang oleh peningkatan kebutuhan.

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Daily News Update Page 14 On the other hand, the long rally in coal

prices since September 2020 was also supported by positive economic perfor-mance in China. Launching Argus Media, the rapid growth of the industrial sector in the Bamboo Curtain country increases the need for electricity.

Monthly electricity use by the industrial sector increased by 7.7-9.9% in the August-November period last year, well above the previous annual growth of 3.4-4.3%.

Meanwhile, from within the country, the government is aggressively spreading stimulus to revive the sluggish economy. The government officially issues Govern-ment Regulation (PP) number 25 of 2021. One of the points regulated in the PP is a fiscal incentive in the form of imposition of zero percent royalties for miners who participate in coal downstream projects. The prospect of global economic recovery is accompanied by the potential to push the prices of Indonesia's and Australia's leading export commodities higher. The average coal price for this year is estimated to be higher than last year. CNBC INDONESIA RESEARCH TEAM (trp/trp)

Di sisi lain, reli panjang harga batu bara sejak September 2020 juga didukung oleh kinerja ekonomi China yang positif. Melansir Argus Media, pertumbuhan sektor industri yang pesat di Negeri Tirai Bambu meningkatkan kebutuhan listrik.

Penggunaan listrik bulanan oleh sektor industri meningkat 7,7-9,9% pada periode Agustus-November tahun lalu, jauh di atas pertumbuhan tahunan sebelumnya sebesar 3,4-4,3%.

Sementara itu dari dalam negeri, peme-rintah sedang gencar menebar stimulus untuk membangkitkan perekonomian yang lesu. Pemerintah resmi menerbitkan Per-aturan Pemerintah (PP) No. 25 tahun 2021. Salah satu poin yang diatur dalam PP tersebut adalah insentif fiskal berupa pengenaan royalti nol persen untuk para penambang yang berpartisipasi dalam proyek hilirisasi batu bara.

Adanya prospek pemulihan ekonomi global disertai berpotensi membuat harga komo-ditas ekspor unggulan Indonesia dan Australia terdorong lebih tinggi. Rata-rata harga batu bara untuk tahun ini diper-kirakan masih bakal lebih tinggi dibanding tahun lalu. TIM RISET CNBC INDONESIA (trp/trp)

This is what the government

must fix so that investors want

to dig mines

Author: Muhammad Ridwan

T

HE GOVERNMENT is deemed necessary

to attract investors to attract their interest in investing in exploring the potential for nickel mining in the country.

Ini yang Harus Dibenahi

Pemerintah agar Investor Mau

Gali Tambang

Author: Muhammad Ridwan

P

EMERINTAH dinilai perlu memberi daya

tarik kepada para investor untuk memikat minatnya untuk berinvestasi dalam meng-gali potensi tambang nikel di dalam negeri.

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Daily News Update Page 15 Chairman of the Indonesian Mining and

Energy Forum (IMEF) Singgih Widagdo assessed that good mining practice in the upstream side of nickel mining should be a priority and become very important for investors, as well as consumer assessment. "In terms of nickel potential, it is very promising, but the issue of the aspect of lifting every nickel mine must operate according to the rules of good mining practice is a necessity, in addition to the fiscal policies that must be provided and must be put into account with other countries in competing to attract investors," he told Bisnis, Tuesday. (23/2/2021).

Singgih added that related to the potential for nickel mining acquisitions, the government as the manager of state-owned natural resources must put nickel resources in a more optimal position. Thus, the direction of nickel increase, which includes acquisition activities, must continue to be evaluated so that the government's big goals can continue to run well.

"For this reason, the management of nickel mining and the long-term use of the industry must be the basis for how the government manages mining and at the same time attracts investment," he explained.

According to him, in the future, the potential for electric car sales will get promising business space. Not only purchasing private electric cars, but also expanding into the public transportation sector with electric cars, whose goal is clearly to reduce emissions.

The main component of electric cars, batteries, is clearly a business goal that must be fought for so, that Indonesia can become an investment center for capital owners,...

Ketua Indonesian Mining and Energy Forum (IMEF) Singgih Widagdo menilai good mining practice di sisi hulu pertambangan nikel harus menjadi prioritas dan menjadi sangat penting bagi investor, sekaligus penilaian konsumen. "Dari sisi potensi nikel sangat menjajikan, tetapi masalah aspek mengangkat setiap tambang nikel harus beroperasi atas kaidah good mining practice sebagai keharusan, selain kebijakan fiskal yang harus diberikan dan harus diletakkan dengan memperhitungkan dengan negara lain dalam berkompeti si menarik investor," katanya kepada Bisnis, Selasa (23/2/2021).

Singgih menambahkan bahwa terkait dengan potensi akuisisi tambang nikel, pemerintah sebagai pengelola sumber daya alam yang dimiliki negara harus meletakkan posisi sumber daya nikel dikelola agar lebih optimal.

Dengan demikian, arah pertambahan nikel yang termasuk kegiatan akuisisi harus terus dievaluasi agar tujuan besar pemerintah tetap dapat berjalan dengan baik.

"Untuk itu, ipengelolaan pertambangan nikel dan sekaligus pemanfaatan industri untuk jangka panjang harus menjadi basis bagaimana pemerintah mengelola pertam-bangan dan sekaligus menarik investasi," jelasnya.

Menurutnya, ke depan potensi penjualan mobil listrik akan mendapatkan ruang bisnis yang menjanjikan. Bukan saja pembelian mobil listrik pribadi, melalinkan juga perluasan ke sektor transportasi publik dengan mobil listrik, yang tujuan-nya jelas yaitu menekan emisi.

Komponen utama mobil listrik, baterai, jelas tujuan bisnis yang harus diperjuang-kan, agar Indonesia dapat menjadi pusat investasi para pemilik modal...

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Daily News Update Page 16 that Indonesia can become an investment

center for capital owners, given the potential for nickel reserves and the downstream policies that the government has prepared will certainly strengthen their investment opportunities.

"However, commitment to the environment, apart from being a concern for investors, is also for the electric car consumer class itself. For this reason, the government's serious concern should not stop with the business side of battery potential as the largest component," he added. Editor: Zufrizal

agar Indonesia dapat menjadi pusat investasi para pemilik modal mengingat potensi cadangan nikel dan kebijakan penghiliran yang telah dipersiapkan pemerintah dipastikan akan memperkuat mendapatkan peluang investasi mereka. "Namun, komitmen atas lingkungan, selain menjadi concern investor, juga dari kelas konsumen mobil listrik sendiri. Untuk itu, poin yang harus menjadi perhatian serius pemerintah, bukan terhenti di sisi bisnis potensi baterai sebagai komponen terbesar," imbuhnya. Editor : Zufrizal

The price keeps dropping,

what's really wrong with coal?

Tirta Citradi, CNBC Indonesia

C

OAL prices continued to burn towards the end of the winter period. Last Tuesday (23/2/2021) the price of the ICE Newcastle thermal coal futures contract dropped 2.5% to US$ 76.75/ton.

Yesterday's closing price was the lowest price of the black stone throughout February 2021. The correction in coal prices followed the lowering of local Chinese coal prices as a result of relaxation of import quotas and the government's efforts to boost production amid tight domestic supplies.

Even though the Qinhuangdao thermal coal price is still above the highest limit targeted by the Panda Country government at RMB 570/ton, the price has dropped sharply from previously touching RMB 1,000/ton now to just RMB 600/ton.

Harganya Anjlok Terus,

Sebenarnya Ada Apa dengan

Batu Bara?

Tirta Citradi, CNBC Indonesia

H

ARGA batubara terus membara jelang berakhirnya periode musim dingin. Selasa kemarin (23/2/2021) harga kontrak futures (berjangka) batu bara termal ICE Newcastle drop 2,5% ke US$ 76,75/ton. Harga penutupan kemarin merupakan harga terendah si batu hitam di sepanjang bulan Februari 2021. Koreksi harga batu bara menyusul semakin murahnya harga batu bara lokal China sebagai akibat dari relaksasi kuota impor dan upaya pemerintah untuk mendongkrak produksi di tengah ketatnya pasokan domestik. Kendati harga batu bara termal Qinhuangdao masih di atas batas tertinggi yang ditargetkan pemerintah Negeri Panda di RMB 570/ton, tetapi harganya sudah merosot tajam dari yang tadinya sempat menyentuh RMB 1.000/ton kini menjadi RMB 600/ton saja.

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Daily News Update Page 17 Winter is also coming to an end. Under

normal conditions, winter accompanied by Chinese New Year celebrations will increase the demand for electricity, especially for the residential segment in China. This is when the price of coal usually rises because it is supported by increased demand.

On the other hand, the long rally in coal prices since September 2020 was also supported by positive economic performance in China. Launching Argus Media, the rapid growth of the industrial sector in the Bamboo Curtain country increases the need for electricity.

Monthly electricity use by the industrial sector increased by 7.7-9.9% in the August-November period last year, well above the previous annual growth of 3.4-4.3%.

The increase in the price of Newcastle thermal coal also caused the country's benchmark coal price (HBA) to rise sharply. The Ministry of ESDM set the HBA for February 2021 at US$ 87.79/ton or an increase of 15.7% (mom) from US$ 75.84/ton in January.

The increase in coal prices is also expected to boost domestic production of this black stone. This year, coal production is targeted to reach 550 million tons.

However, the realization is likely to exceed the target given last year's production could reach 557.54 million tons. Even though when the Covid-19 pandemic hit coal prices dropped significantly.

The government is also aggressively spreading stimulus to revive the sluggish economy. The government officially issues Government Regulation (PP) number 25 of 2021.

Musim dingin juga akan segera berakhir. Dalam kondisi normal, musim dingin yang dibarengi dengan perayaan Tahun Baru Imlek akan meningkatkan permintaan listrik terutama untuk segmen residensial di China. Di saat inilah biasanya harga batu bara naik karena ditopang oleh pening-katan kebutuhan.

Di sisi lain, reli panjang harga batu bara sejak September 2020 juga didukung oleh kinerja ekonomi China yang positif. Melansir Argus Media, pertumbuhan sektor industri yang pesat di Negeri Tirai Bambu meningkatkan kebutuhan listrik. Penggunaan listrik bulanan oleh sektor industri meningkat 7,7-9,9% pada periode Agustus-November tahun lalu, jauh di atas pertumbuhan tahunan sebelumnya sebesar 3,4-4,3%.

Kenaikan harga batu bara termal Newcastle juga membuat harga batu bara acuan (HBA) Tanah Air meningkat tajam. Kementerian ESDM menetapkan HBA untuk bulan Februari 2021 sebesar US$ 87,79/ton atau naik 15,7% (mom) dari US$ 75,84/ton di bulan Januari.

Kenaikan harga batu bara juga diper-kirakan bakal mendongkrak produksi batu hitam tersebut di dalam negeri. Untuk tahun ini produksi batu bara ditargetkan mencapai 550 juta ton.

Namun realisasinya kemungkinan bisa lebih dari target mengingat produksi tahun lalu bisa mencapai 557,54 juta ton. Padahal saat pandemi Covid-19 melanda harga batu bara anjlok signifikan.

Pemerintah juga sedang gencar menebar stimulus untuk membangkitkan pereko-nomian yang lesu. Pemerintah resmi menerbitkan Peraturan Pemerintah (PP) nomor 25 tahun 2021.

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Daily News Update Page 18 One of the points regulated in the PP is a

fiscal incentive in the form of imposition of zero percent royalties for miners who participate in coal downstream projects. The prospect of global economic recovery is accompanied by the potential to push the prices of Indonesia's and Australia's leading export commodities higher. The average coal price for this year is estimated to be higher than last year.

The International Energy Agency (IEA) estimates that this year's world coal demand will increase by 2.6% compared to last year. But after that, it seems that the prospects for coal are not too bright. EIA predicts that world coal demand in 2022-2025 will stagnate in the range of 7.4 billion tons. Gradually, new and renewable energies will take their place.

"Renewable energy is already on the right track to replace coal as a source of energy for electricity generation by 2025. At that time, we estimate that the use of natural gas has already surpassed coal.

"However, demand for coal will remain high, especially in Asia. In the near future, there is no sign that coal will completely disappear," said Keisuke Sadamori, Director of the IEA.

Yes, unlike Western countries such as the United States (US) and Europe, the demand for this cheap primary energy source is still strong. India and China are still the largest markets absorbing a significant amount of coal supply. CNBC INDONESIA RESEARCH TEAM (twg/twg)

Salah satu poin yang diatur dalam PP tersebut adalah insentif fiskal berupa pengenaan royalti nol persen untuk para penambang yang berpartisipasi dalam proyek hilirisasi batu bara.

Adanya prospek pemulihan ekonomi global disertai berpotensi membuat harga komoditas ekspor unggulan Indonesia dan Australia terdorong lebih tinggi. Rata-rata harga batu bara untuk tahun ini diper-kirakan masih bakal lebih tinggi dibanding tahun lalu.

Badan Energi Internasional (IEA) mem-perkirakan permintaan batu bara dunia tahun ini akan naik 2,6% dibanding tahun lalu. Namun selepas itu, sepertinya prospek batu bara tidak terlampau cerah. EIA memprediksi permintaan batu bara dunia pada 2022-2025 akan stagnan di kisaran 7,4 miliar ton. Lambat laun, energi baru dan terbarukan akan mengambil tempat.

"Energi terbarukan sudah berada di jalur yang benar untuk menggantikan batu bara sebagai sumber energi pembangkit listrik pada 2025. Pada saat itu, penggunaan gas alam juga kami perkirakan sudah me-lampaui batu bara.

"Namun permintaan batu bara tetap akan tinggi, terutama di Asia. Dalam waktu dekat, belum ada tanda-tanda batu bara akan hilang sama sekali," jelas Keisuke Sadamori, Direktur IEA.

Ya, berbeda dengan negara-negara Barat seperti Amerika Serikat (AS) dan Eropa, permintaan terhadap sumber energi primer yang murah ini masih kuat. India dan China masih menjadi pasar terbesar yang menyerap pasokan batu bara dengan jumlah yang signifikan. TIM RISET CNBC INDONESIA (twg/twg)

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Copper price keeps soaring amid commodities rally

MINING.COM Staff Writer

C

OPPER price surged again on Tuesday after the metal shot above $9,000 a tonne for the first time in nine years.

March contracts rose 1.5% to $4.1790 per pound ($9,193.8 per tonne) in New York, its highest level since an August 2011 high of $4.50.

Copper is surging amid a broad rally in metals from iron ore to nickel. The bellwether industrial metal has doubled in price since a nadir in March, also boosted by rapidly tightening physical markets and prospects for rebounding economic growth.

“The mega-trends that we see playing out around global population growth, the electrification thematic and the energy transition, all of these bodes well for commodity demand over the medium-to-long term,” Mike Henry, BHP CEO, said last week in a Bloomberg Television interview.

“Folks who have really ignored commodities for quite a long time are now starting to get positioned,” said Bart Melek, head of commodity strategy at TD Securities.

“The implication is that this could go on for a bit. It’s very much a function of expectations of scarcity.”

Codelco, the world’s largest copper producer, views the recent spike in the price of the red metal as a “good opportunity” to generate cash for investments and hold down debt, but warned it could also drive up the miner’s costs, a senior executive told Reuters on Monday. (With files from Bloomberg)

Australian iron-ore and coal exports fall in January

By: Esmarie Iannucci, Creamer Media Senior Deputy Editor: Australasia

N

EW data by the Australian Bureau of Statistics (ABS) has reported a A$3-billion, or 9%, decline in exports for the month of January, driven by a A$1.5-billion, or 10%, decline in the export of metalliferous ores.

“The decline in metalliferous ores was driven by a decline in the quantity of iron-ore exported in January. Despite the decline, exports of metalliferous ores are the second highest on record behind December 2020,” said ABS head of international statistics Andrew Tomadini.

Iron-ore exports in January were down by 7%, or A$963-million, with iron-ore export volumes decreasing some 10.4-million tonnes, or 13%, off the back of strong exports in December.

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Daily News Update Page 20 However, the ABS noted that the decline in volume was partially offset by the ongoing strength of the iron-ore price, which increased 7% per tonne in January, driven by strong ongoing Chinese demand, and weaker-than-expected output from Brazil’s largest iron-ore mine.

Meanwhile, the ABS reported that coal exports were down 8%, or A$277-million, in January. The ABS noted that following large increases in December, Australia’s three largest coal export destinations, Japan, India and South Korea, recorded declines. The decline in coal was driven by hard coking coal, and partially offset by an increase in thermal coal.

Offsetting this decline was a 9%, or A$249-million, increase in gas exports.

Year-on-year, metalliferous ores exports were up by 53%, or A$4.94-billion, while non-monetary gold exports were up 89%, or A$1.15-billion.

Offsetting this year-on-year increase was a 31%, or A$1.3-billion, decline in gas exports, and a 21%, or A$881-million, decline in coal exports.

Iron ore exports sink in January: ABS

Nickolas Zakharia

A

USTRALIA’s iron ore exports have declined following port shutdowns in Port Hedland due

to cyclone concerns, according to Australian Bureau of Statistics (ABS) data.

Metalliferous ore exports declined by 10 per cent in January to $14.18 billion, which ABS Head of International Statistics Andrew Tomandini said was driven by a drop in iron ore exports.

Iron ore exports dropped by $963 million, or 7 per cent, last month due to a 13 per cent (or 10.4 million tonnes) decrease in quantity.

“Despite the decline, exports of metalliferous ores are the second highest on record behind December 2020,” Tomandini said.

Metalliferous ore exports were up by $2.75 billion in December 2020.

In January, coal exports also declined to $3.4 billion, representing an 8 per cent fall, while non-monetary gold exports dropped by 7 per cent to $2.45 billion.

Metalliferous ore exports to China dropped by $509 million, which was driven by a 5 per cent decline in iron ore exports to $9.66 billion.

Last month, Western Australia’s Port of Port Hedland cleared large vessels due to Cyclone Lucas.

The ABS noted the iron ore price had continued to show resilience, increasing by 7 per cent per tonne in January due to strong Chinese demand and weaker output from Brazil.

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Greatland Gold agrees work programme for Juri JV with Newcrest

Mining

Published by Jessica Casey, Editorial Assistant

G

REATLAND Gold plc, a precious and base metals exploration and development company, has announced the initial 2021 work programme for the Juri joint venture (JV), including drilling of several targets within the Paterson Range East and Black Hills licences.

Multiple additional targets within the Juri JV have been identified following analysis of results of a heliborne airborne electromagnetic (AEM) survey conducted last year and further geological interpretation of regional aeromagnetics. Exploration work at the Juri JV is focused on the discovery of intrusion related gold-copper deposits similar to Havieron, Telfer and Winu.

2021 Juri JV work programme

 First round of drilling of high priority targets across the Paterson Range East and Black Hills licences, including Los Diablos, Goliath, Outamind and Parlay, expected to commence by early April.

 Ground electromagnetics (EM) surveys to be conducted over several new targets identified following interpretation of AEM data to better locate and prioritise targets.

 Camps and infrastructure are being established with field activities scheduled to commence in the coming weeks.

Additional targets identified

 Analysis of results from a Heliborne AEM geophysical survey conducted in 2020 has identified multiple new conductors within the Juri JV, including:

o A11: a moderate amplitude anomaly located along or adjacent to the major province

scale Anketell-Samphire Fault.

o A25 (Tama Prospect): a strong, apparently flat lying conductor, interpreted to represent

a supergene horizon developed in or over an intermediate to mafic pipe intruding granite.

Shaun Day, CEO of Greatland Gold plc, commented: "It is with great excitement that we announce plans to begin exploration under our second JV with Newcrest in the Paterson region. Drilling will commence in the coming weeks at our Paterson Range East and Black Hills licences, testing the high-priority targets Parlay, Goliath, Outamind and Los Diablos. The JV will also look to progress several additional compelling targets that have emerged following analysis of geophysical data. We entered the Juri JV to accelerate our exploration activity and maximise value of the Paterson Range East and Black Hills licences and this initial 2021 work programme is an important step towards achieving that goal.

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Daily News Update Page 22 "The Juri JV campaign forms part of our multi-pronged exploration strategy for 2021 in the highly prospective Paterson region. As Juri JV drilling gets underway, this will complement the ongoing work at Havieron with 65 000 m of growth drilling planned in the next 6 months together with our exploration activities at our 100% licences across the region."

Philippines says 2020 nickel output up 3%, warns outlook uncertain

By: Reuters

P

HILIPPINE nickel output rose 3% last year even as the Covid-19 pandemic hampered some

projects, government data showed, but the Mines and Geosciences Bureau warned that the outlook for its minerals industry this year remained uncertain.

Nickel output in the world's biggest exporter of the material to top metal consumer China totalled 333 962 tonnes last year compared with 323 325 tonnes in 2019, government data showed.

Only 18 of the 30 nickel mines in the Southeast Asian country reported output last year. "The outlook for 2021 for the minerals industry remains uncertain as the Covid-19 pandemic continues to be a threat to lives and livelihoods," the Mines and Geosciences Bureau said in a statement.

Quarantine restrictions had prompted mining companies to reduce working hours and manpower, it said.

However, the agency expressed hopes that rising prices of nickel in the world market coupled with the rollout of Covid-19 vaccines would encourage miners to restart and ramp up production, and pave the way for new projects to come on stream.

Nickel ore supplies have been tight in China, which uses the material to produce nickel pig iron, a key ingredient in stainless steel, since top ore producer Indonesia banned exports from the start of last year.

Harmony Gold boosts net profit 336%, declares dividend

By Vladimir Basov

H

ARMONY Gold Mining today reported "…an exceptional performance” for the period ended

31 December 2020 in comparison to the six months ended 31 December 2019.

The company said it saw an 8% increase in gold production, 69% increase in operating free cash flow margin, 336% increase in net profit and 58% reduction in net debt.

(23)

Daily News Update Page 23 Harmony Gold declared an interim dividend of 110 SA cents (~US 8 cents).

The company noted that higher gold production was due to the integration of the Mponeng and Mine Waste Solutions assets, the effective measures adopted in preventing and mitigating the impact of COVID-19 and disciplined mining.

"The exceptional performance achieved during H1FY21 substantiates the growth strategy that we set out to pursue at the beginning of 2016. Through astute acquisitions, we have successfully added quality ounces and de-risked our asset portfolio. Harmony is no longer a marginal gold producer, but an emerging market mining specialist”, said CEO Peter Steenkamp.

Harmony Gold has operations and assets in South Africa and Papua New Guinea (PNG). The company’s assets include one open pit mine and several exploration tenements in PNG, as well as 10 underground mines and 1 open pit operation and several surface sources in South Africa. In addition, Harmony owns 50% of the significant Wafi-Golpu copper-gold project – a tier 1 asset in a joint venture in PNG.

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