TABLE OF CONTENTS. No. Title Media Source Page

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Daily News Update Page 1

Mengutip Reuters, Komisi Reformasi dan Pembangunan Nasional China (NDRC) me- nargetkan Pembangkit Listrik Tenaga Uap (PLTU) harus menghasilkan emisi karbon- dioksida rata-rata maksimal 300 gram per kilowatt-hour (KWh) pada 2025. Ini dilaku- kan untuk meningkatkan efisiensi energi dan menurunkan emisi gas rumah kaca.

"Meningkatkan penghematan energi dan

mengurangi konsumsi listrik bertenaga batu

bara adalah cara yang efektif untuk mening-

katkan efisiensi dan menurunkan emisi

karbon. Pengurangan konsumsi batu bara...

(4)

Reducing coal consumption will help reduce carbon dioxide emissions by 6.67 billion tons or around 36% of the industry's total emissions," said NDRC in written statement.

Carbon dioxide emissions from the power plant account for about 40% of the total emissions in the Bamboo Curtain country.

In 2020, the average PLTU produces carbon dioxide emissions of 305.5 grams per KWh.

If in 2025 there are still PLTUs that produce emissions above 300 KWh and cannot be repaired, they will be 'retired'. In addition, China will also defensively position the PLTU as a backup generator.

Later, the main power plant will be powered by renewable energy.

Previously, India also planned to do the same thing. The Indian government is targeting to achieve zero emission by 2070.

One of them is done by 'retiring' the power plant in stages.

CNBC INDONESIA RESEARCH TEAM (aji/aji)

Pengurangan konsumsi batu bara akan mem- bantu menurunkan emisi karbondioksida sebanyak 6,67 miliar ton atau sekitar 36%

dari total emisi yang dihasilkan industri,"

sebut keterangan tertulis NDRC.

Emisi karbondioksida dari PLTU menyum- bang sekitar 40% dari total emisi di Negeri Tirai Bambu. Pada 2020, rata-rata PLTU menghasilkan emisi karbondioksida sebanyak 305,5 gram per KWh.

Jika pada 2025 masih ada PLTU yang meng- hasilkan emisi di atas 300 KWh dan tidak bisa diperbaiki, maka bakal 'dipensiunkan'. Selain itu, China juga secara bertahan akan memposisikan PLTU sebagai pembangkit cadangan. Nantinya, pembangkit listrik utama akan bertenaga energi terbarukan.

Sebelumnya, India juga berencana menempuh hal yang sama. Pemerintah India menarget- kan mencapai nol emisi (zero emission) pada 2070. Salah satunya dilakukan dengan 'mem- pensiunkan' PLTU secara bertahap.

TIM RISET CNBC INDONESIA (aji/aji)

Revenue Soars 154%,

Kobexindo Increases Target This Year

Jauhari Mahardhika

P T KOBEXINDO Tractors Tbk (KOBX), an integrated heavy equipment provider, revised up its 2021 revenue target to US$

110 million from the original US$ 70 million. The revision was in line with the company's success in scoring a 154%

increase in revenue to US$ 89.48 million in the third quarter of 2021 compared to the same period in 2020 of US$ 35.2 million.

Pendapatan Melonjak 154%, Kobexindo Naikkan Target

Tahun Ini

Jauhari Mahardhika

P T KOBEXINDO Tractors Tbk (KOBX), penyedia alat berat terintegrasi, merevisi naik target pendapatan 2021 menjadi US$

110 juta dari semula US$ 70 juta. Revisi itu

seiring keberhasilan perseroan mencetak

lonjakan pendapatan sebesar 154% men-

jadi US$ 89,48 juta hingga kuartal III-2021

dibandingkan periode yang sama tahun

2020 sebesar US$ 35,2 juta.

(5)

This revenue growth was supported by sales growth in the heavy equipment segment by US$ 48.96 million to US$ 68.55 million. The heavy equipment unit segment was the largest contributor at 76.61%

among other segments, namely the spare parts segment, the repair service segment and mining contractors, as well as the rental segment consisting of heavy equip- ment rental and building rental.

The heavy equipment unit segment grew by 250% compared to the same period last year, while the spare parts segment as of September 2021 posted a net revenue of US$ 11.55 million, grew 32.57% compared to the same period in 2020 of US$ 8 .72 million. This segment contributed 12.91%

to Kobexindo's net revenue or the second largest after the heavy equipment unit sales segment.

The third largest segment is the repair service and mining contractor segment.

This segment managed to earn US$ 6.1 million or equivalent to a 6.8% contri- bution to the consolidated net income.

Until September 2021, this segment grew 88.89% compared to the achievement of the same period in 2020 which was US$

3.22 million.

"After analyzing the sales achievement in the first half of 2021, which was confirmed by the performance at the end of September 2021, as well as assessing the sales prospect until the end of this year prudently, the management has revised up the 2021 revenue target from US$ 70 million to US$ 110 million," said Deputy President Director of Kobexindo Tractors Martio in an official statement.

He emphasized that the high demand for coal was the main catalyst for the growth in national heavy equipment demand until the end of this year. Preparations for winter and...

Pertumbuhan pendapatan ini ditopang oleh pertumbuhan penjualan segmen unit alat berat sebesar US$ 48,96 juta menjadi US$

68,55 juta. Segmen unit alat berat merupa- kan kontributor terbesar 76,61% di antara segmen lainnya, yakni segmen suku cadang, segmen jasa perbaikan dan kontraktor pertambangan, serta segmen sewa yang terdiri atas sewa alat berat dan sewa bangunan.

Segmen unit alat berat tercatat tumbuh sebesar 250% dibandingkan periode yang sama tahun lalu, sedangkan segmen segmen suku cadang per September 2021 mem- bukukan pendapatan bersih sebesar US$

11,55 juta, tumbuh 32,57% dibandingkan periode yang sama tahun 2020 senilai US$

8,72 juta. Segmen ini berkontribusi 12,91%

terhadap pendapatan bersih Kobexindo atau terbesar kedua setelah segmen pen- jualan unit alat berat.

Segmen terbesar ketiga adalah segmen jasa perbaikan dan kontraktor pertambangan.

Segmen ini berhasil meraih US$ 6,1 juta atau setara kontribusi 6,8% terhadap pen- dapatan bersih konsolidasian. Hingga September 2021, segmen ini tumbuh 88,89% dibandingkan pencapaian periode sama tahun 2020 yang sebesar US$ 3,22 juta.

“Setelah melakukan analisis pencapaian penjualan semester I-2021 yang dikonfir- masi oleh kinerja pada akhir September 2021, serta menilai prospek penjualan hingga akhir tahun ini secara prudent, manajemen merevisi naik target penda- patan 2021 dari US$ 70 juta menjadi US$

110 juta,” kata Wakil Presiden Direktur Kobexindo Tractors Martio dalam kete- rangan resmi.

Dia menegaskan, permintaan batu bara

yang tinggi menjadi katalis utama pertum-

buhan permintaan alat berat nasional

hingga akhir tahun ini. Persiapan menyam-

but musim dingin dan...

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Preparations for winter and the limited supply of coal in export destination countries are also one of the conside- rations for the prospect of increasing demand for heavy equipment in Indonesia.

Solid revenue performance and a measurable cost management strategy have resulted in lower expense growth than revenue growth. Gross profit for the third quarter of 2021 grew 155.65% to US$ 16.83 million compared to the same period last year of US$ 6.58 million.

Likewise, operating profit grew significantly to US$ 7.11 million after last year's minus US$ 2.45 million. Profit growth was also shown by comprehensive income attributable to owners of the parent entity to US$ 4.68 million compared to the achievement of the same period last year minus US$ 5.47 million.

Editor : Jauhari Mahardhika

Persiapan menyambut musim dingin dan keterbatasan pasokan batu bara di negara tujuan ekspor juga menjadi salah satu pertimbangan prospek kenaikan permintaan alat berat di Indonesia.

Solidnya kinerja pendapatan dan strategi pengelolaan biaya yang terukur membuat pertumbuhan beban lebih rendah ketimbang pertumbuhan pendapatan. Laba bruto hingga kuartal III-2021 tumbuh 155,65% menjadi US$ 16,83 juta dibandingkan periode sama tahun lalu US$ 6,58 juta.

Begitu juga laba usaha tercatat tumbuh signifikan menjadi US$ 7,11 juta setelah tahun lalu tercatat minus US$ 2,45 juta.

Pertumbuhan laba juga ditunjukkan oleh laba komprehensif yang dapat diatribusikan kepada pemilik entitas induk menjadi US$

4,68 juta dibandingkan pencapaian periode yang sama tahun lalu minus US$ 5,47 juta.

Editor : Jauhari Mahardhika

China's Coal Prices Rise Again After Falling More Than 50

Percent

Author: Mutiara Nabila

C HINA's coal prices have been heating up again, ending a 10-day losing streak of nearly half of their highs.

As reported by Bloomberg, Wednesday (11/3/2021) coal prices in China soared because the need for electricity for heating is expected to increase considering that November's winter is expected to be colder than previous years.

Traders weigh tight supply versus govern- ment policy considerations to keep prices from rising too high.

Harga Batu Bara China Naik Lagi Usai Turun Lebih dari 50

Persen

Author: Mutiara Nabila

H ARGA batubara China kembali memanas, mengakhiri penurunan selama 10 hari berturut- turut sampai separuh dari nilai tertingginya.

Seperti dilansir Bloomberg, Rabu (3/11/2021) harga batu bara di China melambung lantaran kebutuhan listrik untuk pemanas diperkirakan meningkat mengingat musim dingin pada November ini diperkirakan lebih dingin dari tahun-tahun sebelumnya.

Para trader mempertimbangkan ketatnya

pasokan dibandingkan dengan pertimbangan

kebijakan dari pemerintah untuk menahan agar

harga tak naik terlalu tinggi.

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To encourage coal production, the Chinese government has reopened old mines, accelerated licensing issuance and relaxed a number of work safety rules.

The Chinese government also regulates prices to ensure power plants have incentives to be able to use all of their capacity to meet electricity needs.

Based on data from the China Coal Trans- portation and Distribution Association, coal production in the main Ordos mining area recorded a 15 percent growth in October compared to the previous month to 2.23 million tons per day.

The production has exceeded the total consumption of power plants for 25 days.

Meanwhile, supply has also risen 36 percent since late September.

Based on Bloomberg, on Wednesday (11/3/2021), the price of thermal coal on the Zhengzhou Commodity Exchange market rose 9.7 percent, closing at 978 yuan or equivalent to US $ 152.84 per ton.

The price was the first increase since hitting a record on October 19, 2020. Since then, coal prices have fallen by more than 50 percent in 10 trading sessions, the longest since March 2015.

Editor : Hafiyyan

Untuk mendorong produksi batu bara, pemerintah China sudah membuka kembali tambang lama, mempercepat pengeluaran perizinan dan melonggarkan sejumlah aturan keamanan kerja.

Pemerintah China juga turut mengatur harga untuk memastikan pembangkit listrik dapat insentif untuk bisa menggunakan seluruh kapasitasnya agar kebutuhan listrik terpenuhi.

Berdasarkan data Asosiasi Transportasi dan Distribusi Batu Bara China, hasil produksi batu bara di wilayah tambang utama Ordos tercatat tumbuh 15 persen pada Oktober dibandingkan dengan bulan sebelumnya menjadi 2,23 juta ton per hari.

Hasil produksi tersebut telah melampaui jumlah konsumsi pembangkit listrik untuk selama 25 hari. Sementara itu, pasokan juga naik 36 persen sejak akhir September.

Berdasarkan dari Bloomberg, pada Rabu (3/11/2021), harga batu bara thermal di pasar Zhengzhou Commodity Exchange naik 9,7 persen, ditutup di 978 yuan atau setara dengan US$152,84 per ton.

Harga tersebut merupakan kenaikan pertama kalinya sejak menyentuh rekor pada 19 Oktober 2020. Sejak saat itu, harga batu bara turun hingga lebih dari 50 persen dalam 10 sesi perdangangan, terpanjang sejak Maret 2015.

Editor : Hafiyyan

Freeport boss reveals a way to reduce carbon emissions in

mines

Anisatul Umah, CNBC Indonesia

T HE WORLD is currently focusing on the issue of climate change. Various large corporations in the world also participated in this, including Indonesia.

Bos Freeport Buka-bukaan Jurus Tekan Emisi Karbon di Tambang

Anisatul Umah, CNBC Indonesia

D UNIA saat ini tengah fokus pada isu

perubahan iklim. Berbagai korporasi besar

di dunia pun turut berpartisipasi dalam hal

ini, termasuk Indonesia.

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In the mining sector, PT Freeport Indonesia carries out several strategies to reduce carbon emissions in its mining activities.

PT Freeport Indonesia President Director Tony Wenas said that efforts to reduce carbon emissions have become the company's commitment.

"Our commitment is to achieve a 30%

reduction by 2030, namely a reduction in the intensity of greenhouse gas," he said in an interview with CNBC Indonesia, quoted Wednesday (03/11/2021).

He explained that currently Freeport's mining in the open area has been completed, and has changed to an under- ground mining area. It is now carrying out energy efficiency by utilizing the under- ground electric train.

With the subway, you no longer use diesel/diesel-fueled trucks. This subway is used to transport 300 tons of ore at a time.

"This replaces a truck that uses diesel fuel, this is electric and controlled remotely.

This reduces 80,000 tons of CO2 each truck," he explained.

In addition, the electrical energy used now uses a dual fuel-based power plant, which uses 20% biodiesel (B20) and B30 which are more environmentally friendly and can also use gas.

"This is PLTMG, an oil and gas plant with a capacity of 130 MW," he continued.

According to Tony, his party is also making efforts to recycle used oil to support the government in fighting climate change.

"The recycled fuel becomes fuel for our drying plant in low land at the port and also for our lime processing plant in Grasberg," he said.

Di sektor pertambangan, PT Freeport Indonesia melakukan beberapa strategi untuk menekan emisi karbon dalam kegiatan penambangannya.

Presiden Direktur PT Freeport Indonesia Tony Wenas mengatakan, upaya mengurangi emisi karbon sudah menjadi komitmen perusahaan.

"Komitmen kami adalah untuk mencapai pengurangan 30% pada tahun 2030 yakni pengurangan intensitas dari greenhouse gas," ungkapnya dalam wawancara bersama CNBC Indonesia, dikutip Rabu (03/11/2021).

Dia menjelaskan, saat ini penambangan Freeport di area terbuka sudah selesai, dan berganti ke area tambang bawah tanah.

Pihaknya kini melakukan efisiensi energi dengan memanfaatkan kereta listrik bawah tanah.

Dengan kereta bawah tanah, maka sudah tidak lagi menggunakan truk berbahan bakar diesel/solar. Kereta bawah tanah ini diman- faatkan untuk mengangkut bijih sebanyak 300 ton sekali angkut.

"Ini gantikan truk yang gunakan diesel fuel, ini tenaganya listrik dan dikendalikan jarak jauh. Ini setiap truk kurangi 80.000 ton CO2,"

paparnya.

Selain itu, energi listrik yang digunakan sekarang menggunakan pembangkit listrik berbasis dual fuel, yakni menggunakan biodiesel 20% (B20) dan B30 yang lebih ramah lingkungan dan juga bisa menggunakan gas.

"Ini PLTMG, pembangkit minyak dan gas kapasitas 130 MW," lanjutnya.

Menurut Tony, pihaknya juga melakukan upaya daur ulang oli bekas untuk men- dukung pemerintah memerangi perubahan iklim.

"Bahan bakar recycle jadi bahan bakar untuk

pabrik pengeringan kami di low land di

pelabuhan dan juga untuk pabrik pengolahan

kapur kami di Grasberg," ujarnya.

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He further said that Freeport continues to look for alternatives so that its operational activities pay attention to efforts to prevent climate change.

PT Freeport Indonesia targets that the underground mine will be fully operational next year, aka 100% capacity, from the current 90% capacity.

With the operation of this underground mine, Freeport estimates it will produce 1.5 million ounces of gold and 1.5 billion pounds of copper production by 2022.

This means, there will be an increase compared to this year's production. By the end of 2021 it is estimated that Freeport will produce 1.3 million ounces of gold and nearly 1.3 billion pounds of copper.

(wia)

Lebih lanjut dia mengatakan, Freeport terus mencari alternatif agar kegiatan operasionalnya memperhatikan upaya pencegahan perubahan iklim.

PT Freeport Indonesia menargetkan tahun depan tambang bawah tanah bisa ber- operasi penuh alias 100% kapasitas dari saat ini baru mencapai 90%.

Dengan mulai beroperasinya tambang bawah tanah ini, Freeport memperkirakan akan memproduksi emas 1,5 juta ons dan produksi tembaga mencapai 1,5 miliar pon pada 2022.

Ini artinya, akan ada kenaikan dibanding- kan produksi tahun ini. Hingga akhir 2021 ini diperkirakan Freeport memproduksi 1,3 juta ons emas dan hampir 1,3 miliar pon tembaga.

(wia)

If coal-fired power plants are retired sooner, how will the sentiment towards coal stocks

be?

Reporter: Arfyana Citra Rahayu | Editor:

Handoyo

T HE ASIAN Development Bank (ADB) is ready to help Indonesia and the Philippines to retire 50% of coal power plants in the next 10 to 15 years. This cessation target is faster than the normal operating time of coal power plants.

The ADB is ready to provide multi-billion United States (US) funds to retire coal power plants with plants that use clean energy. So, what will be the impact on the shares of coal issuers in the short to medium term?

Jika PLTU batubara dipensiunkan lebih cepat, bagaimana sentimennya ke

saham batubara?

Reporter: Arfyana Citra Rahayu | Editor:

Handoyo

A SIAN Development Bank (ADB) siap mem- bantu Indonesia dan Filipina untuk mem- pensiunkan 50% Pembangkit Listrik batubara 10 tahun hingga 15 tahun ke depan. Target penghentian ini lebih cepat dibandingkan waktu operasional pembangkit listrik batubara secara normal.

Adapun ADB siap untuk memberikan dana

multi miliar dollar Amerika Serikat (AS) untuk

memensiunkan pembangkit listrik batubara

dengan pembangkit yang menggunakan energi

bersih. Lantas, akan seperti apa dampaknya

bagi saham-saham emiten batubara dalam

jangka pendek hingga menengah nanti?

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Avere Investama Director, Teguh Hidayat sees that the retirement of coal-fired power plants to be replaced with clean energy plants is still in the long term.

Therefore, Teguh projects that this sentiment will have an impact on short- term corrections to coal issuers, which previously had already gone up high due to the increase in coal commodity prices in the international market.

"So coal stocks will correct, but not decrease much. This sentiment may have an impact one week to a month at most after the COP26 issue subsides," he explained to Kontan.co.id, Wednesday (3/11).

According to him, although coal stocks will correct in the short term, if the financial reports are out and the results are good, coal stocks will certainly rise again. Teguh said that when coal stock prices fell, this could be a time for investors to buy at a lower price.

Basically, Teguh sees, investors who collect shares of coal issuers never shrink in the long term or up to 10 years . The consideration, because the price of coal is very volatile.

"Investors who buy coal stocks have a maximum horizon of one year to three years. So, if the time horizon is only 6 months to 12 months, of course the shares are still interesting to collect," said Teguh.

When asked about stock recommen- dations, Teguh said that there is no need to be specific in choosing certain coal stocks.

According to him, as long as coal issuers have good financial performance, do not have a lot of debt, and are supported by rising coal commodity prices, usually coal stocks will bring in cash.

Direktur Avere Investama, Teguh Hidayat melihat bahwa pemensiunan PLTU batu- bara untuk digantikan dengan pembangkit energi bersih masih dalam jangka waktu yang panjang.

Maka dari itu, Teguh memproyeksikan sentimen ini akan berdampak pada koreksi jangka pendek ke emiten batubara yang sebelumnya memang sudah naik tinggi karena kenaikan harga komoditas batubara di pasar internasional.

"Jadi saham-saham batubara akan koreksi, tetapi gak banyak turunnya. Sentimen ini mungkin akan berdampak satu minggu hingga paling lama sebulan setelah isu COP26 ini reda," jelasnya kepada Kontan.co.id, Rabu (3/11).

Menurutnya, meskipun saham batubara akan terkoreksi dalam jangka waktu pendek, jika laporan keuangan sudah keluar dan hasilnya bagus, tentu saham batubara akan kembali naik lagi. Teguh bilang, saat harga saham batubara turun, ini bisa menjadi waktu bagi investor untuk membeli di harga yang lebih murah.

Pada dasarnya, Teguh melihat, investor yang mengoleksi saham emiten batubara tidak pernah mengempit dalam jangka waktu panjang atau hingga 10 tahun. Pertim- bangannya, karena harga batubara yang sangat fluktuatif.

"Investor yang membeli saham batubara horizonnya paling lama satu tahun sampai tiga tahun. Nah kalau horizon waktunya hanya 6 bulan sampai 12 bulan tentu sahamnya masih menarik untuk dikoleksi," kata Teguh.

Saat ditanya rekomendasi saham, Teguh

mengungkapkan, tidak perlu spesifik memilih

saham batubara tertentu. Menurutnya, selama

emiten batubara memiliki kinerja keuangan

yang baik, tidak memiliki utang banyak, serta

ditunjang dengan naiknya harga komoditas

batubara, biasanya saham batubara akan

mendatangkan cuan.

(11)

However, as an illustration, Teguh gave a number of names of issuers that were in the spotlight, namely PT Indo Tambang- raya Megah Tbk (ITMG), PT ABM Inves- tama Tbk (ABMM), and PT Mitrabara Adiperdana Tbk (MBAP).

Namun, sebagai gambaran saja, Teguh memberikan sejumlah nama emiten yang menjadi sorotannya, yakni PT Indo Tambangraya Megah Tbk (ITMG), PT ABM Investama Tbk (ABMM), dan PT Mitrabara Adiperdana Tbk (MBAP).

KPPU Reminds No Monopolistic Practices in Nickel Mine Survey

T HE POLEMIC regarding the difference in the calculation of nickel content is still a polemic. Although in fact the government has determined a number of surveying companies that are allowed and permitted to verify the nickel content on the down- stream side.

Chairman of the Business Competition Supervisory Commission (KPPU), Kodrat Wibowo, reminded that there should be no discrimination or monopolistic actions in business practices, including in the nickel industry.

Kodrat assessed that in the case of appointing a surveyor at a nickel location, it could be categorized as discrimination.

The article is indeed between business actors. Meanwhile, in the case of nickel surveyors, there is a possibility that other parties may be involved. So, according to Kodrat, Article 22 of Law No. 5 of 1999 concerning the Prohibition of Conspiracy in Tenders can be adopted.

In the Regulation of the Business Compe- tition Supervisory Commission (KPPU) No.

02 of 2010 concerning Guidelines for Article 22 of Law no. 5 of 1999 concerning the Prohibition of Conspiracy in Tenders, it is stated that the definition of a tender includes an offer to submit a price for:

KPPU Wanti-Wanti Jangan Ada Praktik Monopoli Dalam Survei

Tambang Nikel

P OLEMIK mengenai selisih penghitungan kadar nikel masih menuai polemik. Meski sejatinya pemerintah sudah menetapkan sejumlah perusahaan penyurvei yang boleh dan diizinkan untuk melakukan verifikasi atas kadar nikel di sisi hilir.

Ketua Komisi Pengawas Persaingan Usaha (KPPU) Kodrat Wibowo, mengingatkan agar jangan sampai terjadi diskriminasi atau tindakan monopoli dalam praktik usaha, termasuk di industri nikel.

Kodrat menilai, dalam kasus penunjukan surveyor di lokasi nikel, bisa masuk kate- gori diskriminasi. Pasal tersebut memang antar pelaku usaha. Sementara dalam kasus surveyor nikel, ada kemungkinan terlibat pihak lain. Sehingga menurut Kodrat bisa mengambil pasal 22 UU No 5 Tahun 1999 Tentang Larangan Persekong- kolan dalam Tender.

Di dalam Peraturan Komisi Pengawas

Persaingan Usaha (KPPU) No. 02 Tahun

2010 tentang Pedoman Pasal 22 UU No. 5

Tahun 1999 tentang Larangan Persekong-

kolan dalam Tender, dinyatakan bahwa

pengertian tender itu mencakup tawaran

mengajukan harga untuk:

(12)

(1) buying or carrying out a job; (2) procuring goods and/or services; (3) buying goods and/or services; (4) selling goods and/or services.

"The predictable possibility is that this other party has the authority to appoint the nickel surveyor. If this is what I caught there was procurement for surveyors, then why did many surveyors win, that's all that was appointed. In terms of procurement, right, there was a tender "The procure- ment of this tender can take Article 22 concerning collusion and conspiracy, between business actors from other parties. Other parties are vertical, namely, those who have the authority to appoint, and those who have procurement authority,"

said Kodrat, Tuesday (2/21/2021).

Direct appointments may be excluded, if all are based on the legal hierarchy, there is a law, there is a government regulation, there is a ministerial regulation, which appoints certain parties. But if everything has to go through procurement, like it or not, comply with the procurement rules, and KPPU can enter to conduct an investigation.

"KPPU will see if it is in accordance with article 22, regarding tender conspiracy, business actors with other parties. Based on the fatwa of the Constitutional Court, other parties who have the authority, in this case the procurement party, can also be the government that supervises the surveyors," said Kodrat.

Report to KPPU

If this is allowed to be clearly detrimental.

Therefore, KPPU hopes that, if someone feels that they have been harmed, they should report it to KPPU. He reminded that only one business actor is created, including monopolistic practices. Winning one side, at the expense of another, is not allowed.

(1) memborong atau melaksanakan suatu pekerjaan; (2) mengadakan barang dan/

atau jasa; (3) membeli suatu barang dan/atau jasa; (4) menjual suatu barang dan/atau jasa.

"Kemungkinan yang bisa diduga, pihak lain ini adalah yang punya kewenangan dalam penunjukan pengadaan surveyor nikelnya.

Kalau ini yang saya tangkap ada pengadaan untuk surveyor, kemudian surveyor ada banyak kenapa menang itu saja, yang ditunjuk itu saja. Kalau pengadaan, kan, ada tender. Pengadaan tender ini bisa ambil pasal 22 tentang kongkalikong persekongkolan, antara pelaku usaha pihak lain. Pihak lainnya vertikal yaitu, mereka yang punya kwenangan menunjuk, dan mereka yang punya otoritas pengadaan,"

ucap Kodrat, Selasa (2/21/2021).

Penunjukan langsung bisa saja dikecuali- kan, kalau semua berdasar hirearki perundangan, ada Undang-undang, ada Peraturan Pemerintah, ada Peraturan Menteri, yang menunjuk pihak tertentu.

Tapi kalau semua harus melalui peng- adaan, mau tidak mau patuh pada aturan pengadaan, dan KPPU bisa masuk melaku- kan penyelidikan.

"KPPU akan melihat ini, apakah sesuai aturan pasal 22, mengenai persekongkolan tender, pelaku usaha dengan pihak lain.

Berdasarkan fatwa Mahkamah Konstitusi, pihak lain yang punya kewenangan, dalam hal ini pihak pengadaanya, bisa juga peme- rintah yang mengawasi surveyornya,"

tegas Kodrat.

Lapor ke KPPU

Kalau ini dibiarkan sudah jelas merugikan.

Karena itu, KPPU berharap, jika ada

merasa dirugikan, laporkan ke KPPU. Ia

mengingatkan, yang namanya membuat

satu pelaku usaha saja, termasuk praktik

monopoli. Memenangkan satu pihak,

dengan merugikan orang lain, tidak diper-

bolehkan.

(13)

For example, was it when the surveyor registered but was deemed unworthy, defeated, or was there really a conspiracy between business actors, or business actors and other parties?

"Because this is a service provision, while there are many business actors, if there are indications of monopoly, discrimination, KPPU can take the initiative. If there is no report, but it is considered a phenomenon that needs to be resolved, KPPU will take this case as an initiative. But it would be better if there was a report, so that there is no need for a commission meeting. From the report, it is confirmed, if an initial indication is found, KPPU will go ahead, no matter who is involved, the business actors or other parties," said Kodrat.

However, if it is based on the KPPU's initiative, in carrying out the handling, it will take time compared to reports from parties who feel aggrieved, feel sidelined for no apparent reason, and even better, there is a rebuttal but the objection is not accepted.

He also reminded that surveyors also need to obey the technical rules made. If you do not carry out the procedure and are instead appointed, then the quality of the work can also be said to be inappropriate.

"It means that something is wrong, the quality of the work is not appropriate, the period of use continues. KPPU will study, the term is to conduct an initial investi- gation. However, it would be better if the perpetrators who were harmed filed a report, because it would speed things up.

There are indications that can be used convincingly, legally valid , by KPPU," said Kodrat.

Misal, apakah memang ketika surveyor mendaftar tapi dianggap tidak layak, di- kalahkan, atau memang ada persekong- kolan antar pelaku usaha, atau pelaku usaha dengan pihak lain.

"Karena ini pengadaan jasa, sementara pelaku usaha banyak, kalau ada indikasi monopoli, diskriminasi, KPPU bisa inisiatif.

Kalau tidak ada laporan, namun dianggap ini fenomena yang perlu diselesaikan, KPPU akan ambil perkara ini insiatif.

Namun alangkah lebih baik ada laporan, sehingga tidak perlu ada rapat komisi. Dari laporan kemudian dikonfirmasi, jika di- temukan indikasi awal, KPPU go ahead, tidak peduli siapa yang terlibat, pelaku usahanya atau pihak lain," tegas Kodrat.

Hanya saja, jika berdasar inisiatif KPPU, dalam melakukan penanganan, akan makan waktu dibandingkan ada laporan dari pihak yang merasa dirugikan, merasa dikesampingkan tanpa alasan jelas, dan lebih baik lagi ada sanggahan tapi sanggahan itu tidak diterima.

Ia pun mengingatkan, surveyor pun perlu taat pada aturan teknis yang dibuat. Jika tidak melakukan prosedur dan malah ditunjuk, maka kualitas pekerjaan juga bisa dikatakan tidak sesuai.

"Berarti ada yang salah, kualitas pekerjaan

tidak sesuai, masa digunakan terus. KPPU

akan mempelajari, istilahnya lakukan

penyelidikan awal. Namun akan lebih baik

ada pelaku yang dirugikan ajukan laporan,

karena akan mempercepat. Ada indikasi

yang bisa digunakan secara menyakinkan,

sah secara hukum, oleh KPPU," tegas

Kodrat.

(14)

Indonesia's Coal Giant Forecast Amid the Threats of India &

China

Wilda Asmarini, CNBC Indonesia

T HE INDONESIAN coal giant, PT Bumi Resources Tbk (BUMI) has also raised its voice amid the continuing fall in coal prices, coupled with the threat of reducing coal consumption from China and India.

Dileep Srivastava, Independent Director and Corporate Secretary of BUMI, said that his party is still optimistic that coal prices will still be high at least until the first quarter of 2022.

Not without reason, according to him, the tighter world coal supply and also the weather factor at the end of the year and early next year is expected to be a factor that coal prices have the chance to remain high until early 2022.

According to him, the current drop in coal prices is also influenced by sentiment, especially from China.

"This is influenced by sentiment (mostly led by China). The fact is that there is no coal availability in the spot market (Bumi's coal has been sold out until January 2022, rain will affect production) at this time, so spot prices can remain high. So, it is still there is hope," he said via text message, quoted on Wednesday (11/03/2021).

He said demand for coal will continue to increase until early next year, especially when the electricity crisis is still over- shadowed. On the other hand, the avail- ability of coal in the spot market will be limited, so this could trigger coal prices to remain high at the beginning of next year.

Ramalan Raksasa Batu Bara RI di Tengah Ancaman India &

China

Wilda Asmarini, CNBC Indonesia

R AKSASA batu bara RI, PT Bumi Resources Tbk (BUMI) turut angkat suara di tengah terus anjloknya harga batu bara, ditambah dengan ancaman pengurangan konsumsi batubara dari China dan India.

Dileep Srivastava, Direktur Independen dan Corporate Secretary BUMI, mengatakan pihaknya masih optimistis harga batu bara masih akan tinggi setidaknya sampai kuartal I 2022.

Bukan tanpa alasan, menurutnya semakin ketatnya pasokan batu bara dunia dan juga faktor cuaca pada akhir tahun dan awal tahun depan diperkirakan akan menjadi faktor harga batu bara berpeluang masih tinggi hingga awal 2022.

Menurutnya, anjloknya harga batu bara saat ini juga dipengaruhi oleh sentimen, ter- utama dari China.

"Ini dipengaruhi oleh sentimen (sebagian besar dipimpin China). Faktanya tidak ada ketersediaan batu bara di pasar spot (batu bara Bumi sudah terjual habis sampai Januari 2022, hujan akan memengaruhi produksi) saat ini, sehingga harga spot bisa tetap tinggi. Jadi, masih ada harapan,"

tuturnya melalui pesan singkat, dikutip Rabu (03/11/2021).

Dia mengatakan, permintaan batu bara akan

tetap meningkat hingga awal tahun depan,

terutama saat masih dibayang-bayangi krisis

listrik. Namun di sisi lain ketersediaan batu

bara di pasar spot akan terbatas, sehingga ini

bisa memicu harga batu bara masih tetap

tinggi pada awal tahun depan.

(15)

"Demand is increasing, but there is no availability this quarter and Q1 2022 could also be tight," he said.

According to him, the current problem is can the world live with a shortage of electricity? That will happen if the world's coal supply is not able to meet future electricity needs. Moreover, funding for coal capacity building projects is often rejected.

"Demand will increase but supply is limited. This will lead to the prospect of rising coal prices in the future," he said.

PT Bumi Resources Tbk (BUMI) targets this year to be able to produce coal in the range of 85-90 million tons, an 11 percent increase compared to the 2020 realization of 81 million tons.

BUMI's business units engaged in coal mining include Kaltim Prima Coal (KPC), Arutmin Indonesia, and Coal Energy Pendopo. BUMI is said to be Indonesia's coal giant because almost 14% of national coal production comes from BUMI. As is known, this year, Indonesia's coal produc- tion is targeted to reach 625 million tons.

The price of coal on the ICE Newcastle (Australia) market yesterday, Tuesday (02/11/2021), was recorded at US$ 137.1 per ton, down 1.37% compared to the previous day.

Now the price of coal has fallen for five consecutive days. During those five days, the correction reached 31.79%. On October 26, 2021, the price of coal touched US$ 201 per tonne. In fact, coal touched a record high of US$ 280 per ton on October 5, the highest since at least 2008.

Over the past few days, two of the world's largest coal "eating" countries, namely India and China, have announced they are reducing coal consumption in order to reduce carbon emissions and achieve carbon neutrality.

"Permintaan meningkat, tetapi tidak ada ketersediaan pada kuartal ini dan Q1 2022 juga bisa ketat," ujarnya.

Menurutnya, masalah saat ini adalah mampukah dunia hidup dengan kekurangan listrik? Itu akan terjadi bila pasokan batu bara dunia tidak mampu memenuhi kebutuhan listrik di masa depan. Terlebih, pendanaan untuk proyek peningkatan kapasitas batu bara kerap ditolak.

"Permintaan akan naik tetapi pasokan terbatas.

Ini akan mengarah ke prospek kenaikan harga batu bara di masa depan," ujarnya.

PT Bumi Resources Tbk (BUMI) menargetkan tahun ini bisa memproduksi batu bara di kisaran 85-90 juta ton, naik 11% dibandingkan realisasi 2020 yang sebesar 81 juta ton.

Adapun unit usaha BUMI yang bergerak di bidang pertambangan batu bara antara lain Kaltim Prima Coal (KPC), Arutmin Indonesia, dan Pendopo Energi Batubara. BUMI dikatakan sebagai raksasa batu bara RI karena hampir sekitar 14% produksi batu bara nasional berasal dari BUMI. Seperti diketahui, tahun ini produksi batu bara RI ditargetkan mencapai 625 juta ton.

Harga batu bara di pasar ICE Newcastle (Australia) pada perdagangan kemarin, Selasa (02/11/2021), tercatat sebesar US$

137,1 per ton, turun 1,37% dibandingkan sehari sebelumnya.

Kini harga batu bara sudah turun selama lima hari beruntun. Selama lima hari tersebut, koreksinya mencapai 31,79%. Pada 26 Oktober 2021, harga batu bara sempat menyentuh US$

201 per ton. Bahkan, batu bara sempat menyentuh rekor tertinggi yakni US$ 280 per ton pada 5 Oktober, tertinggi setidaknya sejak 2008 lalu.

Selama beberapa hari belakangan ini, dua

negara "pemakan" batu bara terbesar di

dunia, yakni India dan China, mengumumkan

untuk mengurangi konsumsi batu bara demi

mengurangi emisi karbon dan mencapai

netral karbon.

(16)

India, for example, at COP 26 in Glasgow, yesterday, Tuesday (02/11/2021) said it would achieve carbon-free by 2070.

Therefore, the country will reduce fossil energy and will increase the installed capacity of renewable energy by 2030.

Most of it is energy. solar energy, from 450 Giga Watt (GW) to 500 GW.

As much as 50% of the country's energy needs will come from renewable sources.

India also announced that the carbon intensity of India's economy -emissions generated per unit of GDP- will decrease by 45% in 2030, from 35% previously.

After India, China also revealed that it would reduce the average coal consump- tion of power plants to 300 grams per kilo Watt hour (kWh) by 2025.

China's National Development and Reform Commission (NDRC) also said inefficient power plants would also be shut down gradually. This announcement was made by China at the end of the COP26 climate summit in Glasgow, England. The Chinese president himself was not present at the event in person.

(wia)

India misalnya, pada COP 26 di Glasgow, kemarin, Selasa (02/11/2021) mengatakan akan mencapai bebas karbon pada 2070.

Oleh karena itu, negara akan mengurangi energi fosil dan akan meningkatkan kapasitas terpasang energi terbarukan pada 2030.

Sebagian besar adalah tenaga surya, dari 450 Giga Watt (GW) menjadi 500 GW.

Sebanyak 50% dari kebutuhan energi negara akan datang dari sumber terbarukan. India juga mengumumkan, intensitas karbon eko- nomi India -emisi yang dihasilkan per unit PDB- akan berkurang 45% di 2030, dari sebelumnya 35%.

Setelah India, China juga mengungkapkan akan mengurangi konsumsi batu bara rata- rata pembangkit listrik menjadi 300 gram per kilo Watt hour (kWh) pada 2025.

Komisi Pembangunan dan Reformasi Nasional (NDRC) China juga mengatakan pembangkit listrik yang tidak efisien juga akan ditutup secara bertahap. Pengumuman ini dilakukan China di tengah berakhirnya KTT iklim COP26 di Glasgow, Inggris.

Presiden China sendiri tidak hadir di acara tersebut secara langsung.

(wia)

Downward Trend Continues, Coal Prices Become Like This

Author: Rayful Mudassir

C OAL commodity prices continued their downward trend below US$150 per metric ton in line with China's efforts to increase black gold production.

Based on the ICE Newcastle exchange, the price of this commodity was corrected 4.10 points compared to the previous trade to US$140.90 per metric ton for the Novem- ber contract on Tuesday (2/11/2021).

Tren Penurunan Berlanjut, Harga Batu Bara Jadi Segini

Author: Rayful Mudassir

H ARGA komoditas batu bara terus me- lanjutkan tren penurunan di bawah US$150 per metrik ton seiring dengan upaya China meningkatkan produksi emas hitam.

Berdasarkan bursa ICE Newcastle, harga

komoditas ini terkoreksi 4,10 poin diban-

dingkan dengan perdagangan sebelumnya

menjadi US$140,90 per metrik ton untuk

kontrak November pada Selasa (2/11/2021).

(17)

Meanwhile, coal for the December 2021 contract was priced at US$137.10 per metric ton, down 1.90 points compared to the previous trade.

The negative trend of this commodity occurred shortly after the Chinese govern- ment intervened in coal mining to increase production ahead of winter. In addition, Xi Jinping also pressured mining companies to suppress selling prices in the market.

“China's average daily output increased by more than 1.2 million tonnes to a record above 11.6 million tonnes on October 18.

Moreover, the country's coal imports surged 76 percent in September, especially from Russia and Indonesia," reported Tradingeconomics, Wednesday (3/11/

2021).

This intervention makes it easier for power generation companies to supply energy fuels. The plant now has a stockpile of 16 days of raw materials, compared to October with only two days of stock.

A report from the Commonwealth Bank of Australia also said the number of Chinese provinces experiencing energy shortages was gradually falling. This decline is quite sharp from the previous energy crisis experienced by 18 provinces in early October, to two provinces in mid-October.

Domestically, the Indonesian Coal Mining Association (APBI) asked the government not to issue regulations on coal amid the anomaly in world coal prices.

APBI Executive Director Hendra Sinadia said that the high price of this commodity was only temporary. Therefore, coal prices are prone to plummeting in line with the policies of world governments, including China.

Sementara itu, batu bara untuk kontrak Desember 2021 dihargai US$137,10 per metrik ton atau turun 1,90 poin di- bandingkan dengan perdagangan sebelum- nya.

Tren negatif komoditas ini terjadi tidak lama setelah pemerintah China meng- intervensi tambang batu bara untuk meningkatkan produksi menjelang musim dingin. Selain itu, Xi Jinping juga menekan perusahaan tambang menekan harga jual di pasar.

“Output harian rata-rata China meningkat lebih dari 1,2 juta ton ke rekor di atas 11,6 juta ton pada 18 Oktober. Apalagi, impor batubara negara itu melonjak 76 persen pada September, terutama dari Rusia dan Indonesia,” dilansir Tradingeconomics, Rabu (3/11/2021).

Intervensi ini memudahkan perusahaan pembangkit listrik memasok bahan bakar energi. Pembangkit kini telah memiliki persediaan bahan baku untuk 16 hari, dibandingkan Oktober dengan stok hanya selama dua hari.

Laporan dari Commonwealth Bank of Australia juga menyebutkan jumlah provinsi China yang mengalami keku- rangan energi berangsur turun. Penurunan ini cukup tajam dari sebelumnya krisis energi dialami 18 provinsi pada awal Oktober, menjadi dua provinsi pada per- tengahan Oktober.

Di dalam negeri, Asosiasi Pertambangan Batubara Indonesia (APBI) meminta pemerintah tidak menerbitkan aturan batu di tengah anomali harga batu bara dunia.

Direktur Eksekutif APBI Hendra Sinadia

mengatakan bahwa harga tinggi komoditas

ini hanya bersifat sementara. Sebab itu,

harga batu bara rentan anjlok seiring

dengan kebijakan pemerintah dunia ter-

masuk China.

(18)

He said that China's intervention in mining companies in the country had an impact on reducing the interest of entrepreneurs to invest in the coal sector. According to him, the government needs to take a stand to ensure this investment continues.

"To encourage investment interest, the government should consider not issuing regulations that add to the burden on companies, especially the coal mining industry," he told Bisnis, Monday (1/11/

2021).

Editor : Amanda Kusumawardhani

Dia menyebut intervensi China terhadap per- usahaan tambang di negara itu turut ber- dampak pada berkurangnya minat pengusaha untuk berinvestasi di sektor batu bara. Peme- rintah menurutnya perlu mengambil sikap untuk memastikan investasi ini terus berlanjut.

“Untuk mendorong minat investasi, sebaiknya pemerintah perlu mempertimbangkan untuk tidak menerbitkan aturan yang menambah beban perusahaan apalagi industri pertam- bangan batu bara,” katanya kepada Bisnis, Senin (1/11/2021).

Editor : Amanda Kusuma- wardhani

Thiess to continue mining at PT Wahana Baratama Mining coal mine in Indonesia

Posted by Daniel Gleeson

T HIESS says it has secured a three-year A$220 million ($164 million) contract renewal to continue providing mining services at PT Wahana Baratama Mining’s coal mine in South Kalimantan, Indonesia.

Having operated at the project since 2007, Thiess will provide full mining services for Wahana, which is owned by Bayan Resources, including mine planning, environmental and water management, drill and blast, and mining and pit hauling services, it said. The contract renewal commences from November 2021.

Thiess CEO and Executive Chairman, Michael Wright, said: “This extension builds on our long- term partnership with Wahana and recognises Thiess’ ability to deliver sustainable and competitive mining solutions tailored to their operational needs.”

Thiess Executive General Manager Asia, Cluny Randell, said: “We’re proud to continue delivering value at Wahana, a unique operation where Thiess has mined two adjoining mines for two different clients. Our team is focused on continuing to optimise resource recovery and extending the mine’s reserves to deliver long-term value for Wahana.

“Alongside this, we’re looking forward to building on our COVID-19 vaccination efforts, extending our employee and family vaccination program into the community next month.”

Bayan Resources says the Wahana Baratama mine currently produces around 1-2 Mt/y of

high calorific value bituminous quality coal.

(19)

Demand to keep tin price on a tear — report

MINING.com Editor

I N ITS LATEST industry report, market analyst Fitch Solutions revised up its average tin price forecast for 2021 and 2022 from $28,000/tonne and $26,000/tonne previously to $30,500/

tonne and $32,500/tonne, respectively, to account for the surge in prices to record highs in the year-to-date

In October, tin prices reached a record high of $38,215/tonne in a build up that started in March 2020 at the beginning of the pandemic.

Since 2020 prices have been on a strong uptrend, due to severe supply tightness resulting from covid-19 lockdowns, especially in Malaysia and Indonesia, major tin producers accounting for a combined 30% of global refined tin production in 2020, Fitch notes, that has yet to match up with demand despite easing slowly.

The slow pace at which global tin supply has recovered from the covid-19 pandemic has been significantly outpaced by the rapid recovery in demand, especially as tin is used in electronics through solders in semiconductors, a sector that saw a massive spike in demand during the pandemic due to the increased sales of medical as well as home equipment and personal devices.

The resulting reduction of global refined tin stockpiles has continued to force prices higher in the year-to-date, and left the market significantly exposed to price increases during China’s power crunch, Fitch says.

With tin solder being a major part of photovoltaic cells, that are the main components that make up a solar panel, demand for tin during China’s power crunch also sky-rocketed.

Fitch expects the tin market’s fundamentals to ease slightly going into 2022, driven by supply increases.

While China’s tin output in September 2021 declined by 4.7% month-on-month as a result of power rationing and environmental inspections, October production rose by 12.5%

m-o-m due to an easing of China’s power crunch. At the same time, as of October, 80% of

Malaysia Smelting Corporation Berhad’s (MSC) production was back online following covid-

19 lockdowns in Malaysia earlier in 2021.

(20)

MSC is also expecting to commission its new and modern Pulau Indah smelting plant in early 2022, which will replace the aging inefficient smelter in Butterworth in Penang.

The new Pulau Indah plant, with a capacity 50% greater than that of Butterworth, is equipped with cutting-edge smelting technology of top submerged lance furnaces that saves costs by 30%, Fitch reports, adding that this will enable significant improvement in reaction and production rates as opposed to the aging reverberatory furnace in the Butterworth plant.

In Indonesia, PT Timah maintains its guidance for 2021 output at 30,000 tonnes, after a 57%

year-on-year decline in production in H121 due to lockdowns. However, Fitch expects the company will eventually reverse the significant production cuts made in 2020 by 2022, encouraged by high tin prices.

On the demand side, Fitch says, record-high prices for refined tin will start to result in rationing of demand by electronics manufacturers as they struggle to pass on higher input costs to end users.

Longer-term look

Fitch expects tin prices to remain on a firm uptrend in the coming decade. While prices will ease slightly from spot levels in 2022, Fitch forecasts they will still remain historically elevated, and edge higher to reach $35,500/tonne by 2030. In perspective, this is nearly double when compared to the 2016-2020 average of $18,729/tonne.

The analyst expects tin demand to continue outstripping supply, pushing the market into deficit by 2026. On the supply side, a thin pipeline of tin mining projects will tighten the tin concentrate market, leading to increased competition among smelters and constrained ore feed for refined output growth, Fitch says.

On the demand side, the global use of tin will increase rapidly through the metal’s use in electronics (especially as electric vehicles increasingly contain greater amounts of electronics in their body) and solar panels (in photovoltaic cells), cementing tin’s status as a commodity of the future.

Ultimately, this will allow the market to tighten and return to a production balance deficit by 2026 that will only grow deeper over the years.

Market tightness should begin

to ease by the end of 2021 and this should start to stabilise prices, Fitch says, but there will be

no collapse as demand will continue to be robust and increasingly outstrip supply.

(21)

Metso Outotec expands India facility on track-mounted crushing/screening equipment demand

Posted by Daniel Gleeson

M ETSO Outotec is to invest in extending its current manufacturing capacity of mobile track- mounted crushing and screening equipment in Alwar, India.

The total Alwar production value is planned to grow by 30% from the current level and global track-mounted mobile machine capacity by 15%, the OEM said. Construction of the new factory facilities is planned to start in early 2022, and be completed by the end of the year.

The increased capacity in India will be used for the manufacturing of McCloskey mobile and Lokotrack equipment, employing approximately 200 additional people. After the extension is completed, the Alwar factory will be one of the biggest manufacturing sites of Metso Outotec, employing some 800 people, the company said.

“This is another step in developing our domestic and export business in India,” Markku Simula, President of the Aggregates business area of Metso Outotec, said. “At the same time, we are also investing significantly in engineering and R&D resources in Alwar and making it one of our global engineering hubs.”

Copper production in Chile falls 7% in September - report

By Vladimir Basov

A CCORDING to a report by the Chilean state copper commission Cochilco released today, the domestic copper production in September 2021 was 447,400 tonnes, a decline of 7%

compared to 479,800 tonnes mined in September 2020.

Escondida, the world’s largest copper mine, produced 82,600 tonnes of copper in September 2021, a 12% decrease compared to September 2020 (94,100 tonnes).

Collahuasi, the world’s second largest copper mine, produced 46,100 tonnes of copper in September 2021, which is 14% less compared to 53,400 tonnes of copper mined in September 2020.

Cochilco said that Codelco, the largest copper mining company worldwide, produced 133,800

tonnes of copper in September 2021, or 16% less compared to September 2020.

(22)

Canada to phase out thermal coal exports by 2030 - PM

Ottawa plans to make C$185 million to assist coal workers and communities during the transition.

Jax Jacobsen

C ANADA will end the export of thermal coal by 2030, Prime Minister Justin Trudeau said at the COP26 climate conference in Glasgow.

Canada is already working towards phasing out coal-powered electricity in the country by 2030, the PM said in a release.

The country exported between 11 and 13 million tonnes of thermal coal between 2018 and 2020, Mining.com reported.

Ottawa plans to make C$185 million to assist coal workers and communities during the transition. Canada will also invest up to C$1 billion in a fund to assist developing countries transition away from coal power to clean energy.

Canada will also provide C$25 million to fund the Energy Sector Management Assistance Program, which works with the World Bank to develop and implement clean energy policies in developing countries.

Phasing out coal-fired electricity will reduce the country's carbon pollution levels by nearly 13 million tonnes, according to the release.

The Canadian government will also work to reduce emissions from the country's oil and gas sector, the fourth largest in the world. The government will set 5-year targets as it aims to have the sector become a net-zero producer by 2050.

China's daily coal output near annual high, govt continues crackdown on irregularities

C HINA's daily coal output hit 11.67 million tonnes on November 2, rising around one million tonnes from early October, close to a record high this year amid a raft of measures to ramp up production, according to the country's state planner.

The National Development and Reform Commission (NDRC) published six statements late on

Wednesday, showing recent coal production and its efforts in reining in prices.

(23)

Coal inventories at power houses across the country had exceeded 110 million tonnes as of Tuesday, up by more than 31 million tonnes from end-Sept, the NDRC said, adding that with production boost measures to be implemented continually, China's daily coal output is expected to break above 12 million tonnes.

Coal prices at mines and ports have dropped significantly, said the economic planner.

Producers including Inner Mongolia Yitai, China National Coal Group and China Energy Group had lowered their prices, followed by more than 10 major companies which "proactively" cut their prices of thermal coal of 5,500 kcal to below 1,000 yuan a tonne, according to one of the NDRC statements.

Thermal coal futures on China's Zhengzhou Commodity Exchange had plunged more than 50per cent from the historical high of 1,908.2 yuan per tonne it logged on Oct.19.

Meanwhile, the authorities continued to crack down on irregularities that disrupt market order. China's top three coal producing regions - Shanxi, Inner Mongolia and Shaanxi - have launched campaigns to probe into illegal coal storage sites, said the NDRC.

The state planner also summoned Futures Daily on Wednesday night for the media's "false reporting" on efforts to stabilise coal prices and supplies and said it would refer it to the relevant department for punishment for inaccurate reporting.

The most-traded January contract of thermal coal fell 1.5per cent during night session on Wednesday and was traded range-bound in Thursday early trade.

(Reporting by Min Zhang and Engen Tham) Source: Reuters

COP26: 190 nations and organisations agree to phase out coal

Poland, Vietnam, Chile and other countries will pledge on Thursday to phase out coal- fuelled power generation and stop building new plants, in a deal the COP26 summit's

British hosts said would commit 190 nations and organisations to quit the fuel.

C OAL is the most polluting fossil fuel and greenhouse gas emissions from burning it are the single biggest contributor to climate change. Weaning the world off coal is seen as vital to achieve globally agreed climate targets.

Signatories of the COP26 agreement would commit on Thursday to shun investments in new coal plants at home and abroad, and phase out coal-fuelled power generation in the 2030s in richer countries, and the 2040s for poorer nations, the British government said.

"The end of coal is in sight. The world is moving in the right direction, standing ready to

seal coal’s fate and embrace the environmental and economic benefits of building a future

that is powered by clean energy," British business and energy secretary Kwasi Kwarteng said.

TABLE OF CONTENTS. No. Title Media Source Page

TABLE OF CONTENTS

No. Title Media Source Page

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Don't Underestimate! Coal Prices Skyrocketed 14% in a Day No Kaleng-kaleng! Harga Batu Bara Meroket 14% dalam Sehari

Revenue Soars 154%, Kobexindo Increases Target This Year Pendapatan Melonjak 154%, Kobexindo Naikkan Target Tahun Ini

China's Coal Prices Rise Again After Falling More Than 50 Percent

Harga Batu Bara China Naik Lagi Usai Turun Lebih dari 50 Persen

Freeport boss reveals a way to reduce carbon emissions in mines

Bos Freeport Buka-bukaan Jurus Tekan Emisi Karbon di Tambang

If coal-fired power plants are retired sooner, how will the sentiment towards coal stocks be?

Jika PLTU batubara dipensiunkan lebih cepat, bagaimana sentimennya ke saham batubara?

KPPU Reminds No Monopolistic Practices in Nickel Mine Survey KPPU Wanti-Wanti Jangan Ada Praktik Monopoli Dalam Survei Tambang Nikel

Indonesia's Coal Giant Forecast Amid the Threats of India &

China

Ramalan Raksasa Batu Bara RI di Tengah Ancaman India &

China

Downward Trend Continues, Coal Prices Become Like This Tren Penurunan Berlanjut, Harga Batu Bara Jadi Segini Thiess to continue mining at PT Wahana Baratama Mining coal mine in Indonesia

Demand to keep tin price on a tear — report

Metso Outotec expands India facility on track-mounted crushing/screening equipment demand

CNBC Indonesia

Investor Daily

Bisnis

CNBC Indonesia

Kontan

Liputan6

CNBC Indonesia

Bisnis

Int'l Mining

Mining.com Int'l Mining

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Copper production in Chile falls 7% in September - report Canada to phase out thermal coal exports by 2030 - PM China's daily coal output near annual high, govt continues crackdown on irregularities

COP26: 190 nations and organisations agree to phase out coal Top 10 Largest Mines in the World

Kitco News Mining Magazine Channel NewsAsia

France24 Mining Global

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Don't Underestimate! Coal Prices Skyrocketed 14% in a

Day

Hidayat Setiaji, CNBC Indonesia

C OAL prices rose. However, this increase has not been able to close the previous deep correction.

Yesterday, the price of coal on the ICE Newcastle (Australia) market was at US$

156.75/ton. Skyrocketed 14.33%

compared to the previous day.

It looks like this spike was caused by a technical rebound. Understandably, previously the price of the black stone had fallen for five consecutive days. During those five days, prices fell almost 32%.

Coal is being hit by negative issues. Two of the world's main coal consumers, China and India, are committed to start reducing coal consumption.

China is the most aggressive. The govern- ment of President Xi Jinping dared to set a target to reduce the use of coal for power generation by 2025.

Citing Reuters, China's National Develop- ment and Reform Commission (NDRC) targets Steam Power Plants (PLTU) to produce a maximum average of 300 grams of carbon dioxide emissions per kilowatt- hour (KWh) by 2025. This is done to improve energy efficiency and reduce greenhouse gas emissions.

"Increasing energy savings and reducing the consumption of coal-fired electricity is an effective way to increase efficiency and reduce carbon emissions. Reducing coal consumption...

No Kaleng-kaleng! Harga Batu Bara Meroket 14% dalam

Sehari

Hidayat Setiaji, CNBC Indonesia

H ARGA batu bara bangkit. Namun kenaikan ini belum bisa menutup koreksi dalam yang terjadi sebelumnya.

Kemarin, harga batu bara di pasar ICE Newcastle (Australia) berada di US$