TABLE OF CONTENTS. No. Title Media Source Page

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Daily News Update Page 1

Kendati begitu, perusahaan tidak terlalu khawatir mengingat saat ini harga emas berada di atas US$ 1.700 per oz. Di sisi lain, biaya tunai produksi (cash cost) berkisar US$ 800 per oz - US$ 1.000 per oz. "Maka kami masih akan memiliki profit margin yang cukup baik," ujarnya, Selasa (22/6). Terkait prospek harga emas mengalami penurunan, ia menjabarkan berdasarkan pada hasil beberapa riset analis, tren harga emas untuk 6 bulan-12 bulan ke depan harga terendah tidak kurang dari US$ 1.600 per oz. Kemudian untuk 12-24 bulan ke depan banyak yang menggunakan US$ 1.500 per oz.

"Artinya, mengingat cash cost kami rata-rata US$ 900 per oz walaupun harga emas jatuh di US$ 1.500 kami masih akan memiliki margin yang baik," tegasnya.

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On the other hand, he said that currently copper prices are rising high so they can take advantage of the momentum of rising copper prices to boost performance.

However, at this time, his party is still waiting and seeing if there are other copper miners who can build a copper refining smelter.

According to him, the construction of a copper refining facility is more expensive than building a gold ore processing facility. Therefore, the company is currently preparing two strategies.

First, waiting for a bigger copper player who will build a smelter facility so that his party can supply sufficient in the form of concentrate.

Second, developing the gold prospect itself because it has experience with having a gold factory in Palu with a capacity of 500 tons per day.

Di sisi lain, ia menyebut saat ini harga tembaga sedang naik tinggi sehingga bisa memanfaatkan momentum kenaikan harga tembaga untuk mendongkrak kinerja. Hanya saja, saat ini pihaknya masih wait and see jika ada penambang tembaga lain yang bisa membangun smelter pemurnian tembaga.

Menurutnya, pembangunan fasilitas pe-murnian tembaga lebih mahal disbanding-kan membangun fasilitas pengolahan bijih emas. Karenanya, saat ini perusahaan menyiapkan dua strategi.

Pertama, menunggu pemain tembaga yang lebih besar yang akan membangun fasilitas smelter sehingga pihaknya bisa suplai cukup dalam bentuk konsentrat.

Kedua, mengembangkan prospek emas itu sendiri karena telah memiliki pengalaman dengan memiliki satu pabrik emas di Palu dengan kapasitas 500 ton per hari.

Antam (ANTM) Collaborates

with Hartadinata (HRTA)

Launches Cheap Gold,

Interested?

Author: Lorenzo Anugrah Mahardhika

P

T ANEKA Tambang Tbk. (ANTM) with PT Hartadinata Abadi Tbk. (HRTA) collaborated to launch two new gold products in the form of micro gold in 0.1 gram and 0.25 gram denominations as well as a gold jewelry collection line. This product is expected to expand precious metal investment in the lower middle class.

ANTM through its subsidiary PT Abuki Jaya Stainless Indonesia (AJSI) and HRTA launched Emaskita and Kencana.

Antam (ANTM) Gandeng

Hartadinata (HRTA) Luncurkan

Emas Murah, Berminat?

Author: Lorenzo Anugrah Mahardhika

P

T ANEKA Tambang Tbk. (ANTM) ber-sama PT Hartadinata Abadi Tbk. (HRTA) berkolaborasi meluncurkan dua produk emas terbaru berupa emas mikro pecahan 0,1 gram dan 0,25 gram serta lini koleksi perhiasan emas. Produk ini diharapkan dapat memperluas investasi logam mulia pada masyarakat menengah ke bawah. ANTM melalui entitas anak PT Abuki Jaya Stainless Indonesia (AJSI) dan HRTA meluncurkan Emaskita dan Kencana.

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Both of these products can be purchased by consumers starting today.

Emaskita (Small Gold Trusted and Safe Investment) is a micro precious metal (99.99 percent) in 0.1 gram and 0.25 gram denominations which is specially designed to be accessible to all Indonesian people. Meanwhile, Kencana (Trusted and Meaningful Beauty) is the first and only gold jewelry collection with 99.99 percent gold content in Indonesia.

Antam's Director of Operations and Business Transformation, Risono said that the launch of these two products is an implementation of the company's strategy to penetrate the micro precious metal and gold jewelry segment in the domestic market. This collaboration also opens up more precious metal investment opportunities for all Indonesian people. "If previously gold investment could only be reached by the upper middle class, now all levels of society can invest in EmasKITA whose products are safe, quality, and affordable," said Risono at the press conference for the launch of Emaskita and Kencana, Tuesday (22/6/2021).

Risono said, ANTM chose Hartadinata as a working partner by seeing his extensive experience in leading the gold jewelry segment in the domestic market.

Meanwhile, Hartadinata President Director Sandra Sunanto said that the collaboration between Antam, AJSI and Hartadinata is expected to advance the domestic gold industry. In addition, this collaboration also provides safe and reliable gold products to the public.

Furthermore, Sandra explained that Emaskita comes with 16 editions of the gift series and 1 premium edition which is suitable for collection as an investment tool or as a gift to the closest people on special moments.

Kedua produk tersebut sudah dapat dibeli oleh para konsumen mulai hari ini.

Emaskita (Emas Kecil Investasi Terpercaya dan Aman) merupakan logam mulia mikro (99,99 persen) pecahan 0,1 gram dan 0,25 gram yang dirancang khusus untuk dapat di-jangkau seluruh kalangan masyarakat Indonesia. Sedangkan Kencana (Keindahan Terpercaya dan Bermakna) merupakan koleksi perhiasan emas dengan kadar emas 99,99 persen yang pertama dan satu-satunya di Indonesia.

Direktur Operasi dan Transformasi Bisnis Antam, Risono menyampaikan peluncuran kedua produk ini merupakan implementasi strategi perusahaan dalam melakukan penetrasi ke segmen logam mulia mikro dan perhiasan emas di pasar domestik. Kerja sama ini juga semakin membuka kesempatan investasi logam mulia bagi seluruh kalangan masyarakat Indonesia.

“Jika sebelumnya investasi emas hanya bisa dijangkau oleh masyarakat menengah atas saja, sekarang seluruh lapisan masyarakat dapat berinvestasi EmasKITA yang produknya aman, berkualitas, dan harganya terjangkau,” ungkap Risono dalam konferensi pers pelun-curan Emaskita dan Kencana, Selasa (22/6). Risono mengatakan, ANTM memilih Harta-dinata sebagai mitra kerja dengan melihat pengalamannya yang ekstensif dalam memimpin segmen perhiasan emas di pasar domestik.

Sementara itu, Direktur Utama Hartadinata Sandra Sunanto mengungkapkan kolaborasi Antam, AJSI dan Hartadinata diharapkan dapat memajukan industri emas dalam negeri. Selain itu, kerja sama ini juga memberikan produk-produk emas yang aman dan terpercaya kepada masyarakat.

Selanjutnya Sandra memaparkan Emaskita hadir dengan 16 edisi gift series dan 1 edisi premium yang cocok untuk dikoleksi sebagai alat investasi atau dihadiahkan ke orang terdekat pada momen-momen spesial.

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Meanwhile, Kencana gold jewelry comes with a collection of wedding rings with elegant and attractive designs, which of course complements the beauty of the wedding day. In addition, Kencana is also equipped with a collection of bracelets, pendants and necklaces.

Sandra said, Emaskita and Kencana products can be purchased at the gold shops of Hartadinata and Antam partners. In addition, specifically for Emaskita, the public can buy it online through the official Hartadinata store at Shopee and Toko-pedia.

"We are still preparing Kencana products for online purchases," he added.

He added that the public could also exchange 1 gram of Goldkita accumulated in 0.1 gram and/or 0.25 gram denomina-tions for 1 gram of Antam's gold bullion at the TB Simatupang Precious Metals Gold Boutique, Hartadinata chain gold shop, and online. Editor : Farid Firdaus

Sementara itu, perhiasan emas Kencana hadir dengan koleksi cincin pernikahan dengan desain elegan dan menarik, yang tentunya semakin melengkapi indahnya hari pernikahan. Selain itu, Kencana juga dilengkapi dengan koleksi gelang, liontin dan kalung.

Sandra mengatakan, produk Emaskita dan Kencana dapat dibeli pada toko-toko emas mitra Hartadinata dan Antam. Selain itu, khusus untuk Emaskita, masyarakat dapat membelinya secara online melalui toko resmi Hartadinata di Shopee dan Toko-pedia.

“Untuk pembelian online produk Kencana masih kami siapkan,” tambahnya.

Ia menambahkan, masyarakat juga dapat menukar 1 gram Emaskita akumulasi pecahan 0,1 gram dan atau 0,25 gram dengan 1 gram emas batangan Antam di Butik Emas Logam Mulia TB Simatupang, toko emas jaringan Hartadinata, serta secara online. Editor : Farid Firdaus

Facts about the Restriction Plan

for the Development of the

Indonesian Nickel Smelter

Anisatul Umah, CNBC Indonesia

T

HE MINISTRY of Energy and Mineral Resources (ESDM) reportedly proposed that the construction of second-class nickel smelters, namely ferronickel (FeNi) and Nickel Pig Iron (NPI) smelters be limited. Based on information received by CNBC Indonesia, Tuesday (22/06/2021), one of the reasons for this restriction is the added value.

Fakta-Fakta Rencana

Pembatasan Pembangunan

Smelter Nikel RI

K

EMENTERIAN Energi dan Sumber Daya Mineral (ESDM) dikabarkan mengusulkan agar pembangunan smelter nikel kelas dua yakni smelter feronikel (FeNi) dan Nickel Pig Iron (NPI) dibatasi.

Berdasarkan informasi yang diterima CNBC Indonesia, Selasa (22/06/2021), alasan dari pembatasan ini salah satunya karena nilai tambah.

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- Value-added

The estimated export price for FeNi is estimated to be in the range of US$ 15,500 per tonne in 2025, while nickel matte is around US$ 14,000 per tonne, quite far from nickel sulfate, which is estimated to reach US$ 20,500 per ton.

With the assumption that ferronickel sales in 2025 will reach 100 thousand tons and the estimated price is above, then sales are estimated to reach US$ 1.55 billion and state revenues of around US$ 135.63 million.

As for nickel sulfate, with an estimated sales of 100 thousand tons, sales are estimated to reach US$ 2.05 billion and state revenues of US$ 153.75 million. Thus, there is an estimated additional state revenue of US$ 18.12 million or around Rp. 263 billion (assuming an exchange rate of Rp. 14,500 per US$) when selling nickel sulfate.

Thus, the government plans to limit the construction of smelters and exports of ferronickel and BOP. On the other hand, it will encourage the construction of first-class smelters such as nickel sulfate or stainless steel plants.

- Battery Cell Factory Raw Material For information, nickel sulfate can be used as a raw material for producing battery cell cathodes. Indonesia also plans to build and develop a battery factory to support future electric vehicle programs.

Nickel sulfate can use low grade nickel ore, unlike ferronickel and NPI which use high grade nickel ore (saprolite).

- Nilai Tambah

Estimasi harga ekspor untuk FeNi diper-kirakan akan berada di kisaran US$ 15.500 per ton pada 2025 mendatang, lalu nikel matte kisaran US$ 14.000 per ton, cukup jauh jika dibandingkan dengan nikel sulfat yang harganya diperkirakan bisa mencapai US$ 20.500 per ton.

Dengan asumsi penjualan feronikel pada 2025 mencapai 100 ribu ton dan estimasi harga di atas, maka penjualan diperkirakan mencapai US$ 1,55 miliar dan penerimaan negara sekitar US$ 135,63 juta.

Sementara untuk nikel sulfat, dengan perkiraan penjualan sebanyak 100 ribu ton, maka penjualan diperkirakan men-capai US$ 2,05 miliar dan penerimaan negara sebesar US$ 153,75 juta.

Dengan demikian, ada perkiraan tambahan penerimaan negara sebesar US$ 18,12 juta atau sekitar Rp 263 miliar (asumsi kurs Rp 14.500 per US$) bila menjual nikel sulfat. Sehingga, pemerintah berencana mem-batasi pembangunan smelter dan ekspor feronikel dan NPI. Di sisi lain, akan men-dorong pembangunan smelter kelas satu seperti nikel sulfat atau pabrik stainless steel.

- Bahan Baku Pabrik Sel Baterai

Sebagai informasi, nikel sulfat bisa dijadi-kan sebagai bahan baku untuk mem-produksi katoda sel baterai. Indonesia pun berencana membangun dan mengem-bangkan pabrik baterai guna mendukung program kendaraan listrik di masa depan. Nikel sulfat bisa menggunakan bijih nikel kadar rendah, tidak seperti feronikel dan NPI yang menggunakan bijih nikel kadar tinggi (saprolit).

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- Maintaining Nickel Ore Reserves Not only about added value, another reason the government has limited the construction of second-class smelters for FeNi and NPI is also mentioned to maintain the low resilience of saprolite ore reserves. This is because saprolite ore reserves are less than low grade nickel or limonite reserves. This saprolite nickel has a high nickel content of 1.5%-2.5%. Usually, the production of ferronickel and NPI uses high grade nickel ore.

Based on data from the Ministry of ESDM, nickel resources with nickel content of more than 1.7% or saprolite nickel reached 3.93 billion tons, lower than low grade nickel ore resources of less than 1.7% reaching 4.33 billion tons.

Meanwhile, nickel ore reserves reached 3.65 billion tons for grades of 1%-2.5%, of which reserves of nickel ore graded less than 1.7% were 1.89 billion tons and nickel ore graded above 1.7%. of 1.76 billion tons. - Members of Parliament Support

Member of Commission VII DPR RI, the PKS faction, Mulyanto, spoke about the proposed limiting of ferronickel smelters and NPI. He admitted that he agreed with this proposal so that Indonesia would move to a more downstream industry, especially if the development of nickel sulfate smelters and batteries was continuously encouraged.

"I agree with this program, we are really moving further downstream," he told CNBC Indonesia, Tuesday (22/06/2021). In order to continue to encourage down-stream nickel, according to him, the active role of the Ministry of Industry must be encouraged.

- Menjaga Ketahanan Cadangan Bijih Nikel

Tidak hanya soal nilai tambah, alasan lain pemerintah membatasi pembangunan smelter kelas dua untuk FeNi dan NPI juga disebutkan untuk menjaga ketahanan cadangan bijih saprolit yang rendah.

Pasalnya, cadangan bijih saprolit lebih sedikit dibandingkan cadangan nikel kadar rendah atau limonit. Nikel saprolit ini memiliki kandungan nikel tinggi yakni 1,5%-2,5%. Biasanya, produksi feronikel dan NPI ini menggunakan bijih nikel kadar tinggi.

Berdasarkan data Kementerian ESDM, sumber daya nikel dengan kadar nikel lebih dari 1,7% atau nikel saprolit men-capai 3,93 miliar ton, lebih rendah dibandingkan sumber daya bijih nikel kadar rendah kurang dari 1,7% mencapai 4,33 miliar ton.

Adapun cadangan bijih nikel mencapai 3,65 miliar ton untuk kadar 1%-2,5%, di mana cadangan bijih nikel dengan kadar kurang dari 1,7% sebanyak 1,89 miliar ton dan bijih nikel dengan kadar di atas 1,7% sebesar 1,76 miliar ton.

- Anggota DPR Mendukung

Anggota Komisi VII DPR RI Fraksi PKS Mulyanto angkat bicara mengenai usulan pembatasan smelter feronikel dan NPI ini. Dia mengaku sepakat dengan usulan ini agar Indonesia semakin bergerak ke industri yang semakin hilir, terlebih bila pembangunan smelter nikel sulfat hingga baterai terus didorong.

"Saya setuju program ini, kita benar-benar bergerak semakin ke hilir," ungkapnya kepada CNBC Indonesia, Selasa (22/06/ 2021).

Demi terus mendorong hilirisasi nikel ini, menurutnya peran aktif dari Kementerian Perindustrian harus terus didorong.

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"For that, the active role of the Ministry of Industry must be encouraged. We are grateful because today it was decided in the plenary session of the DPR, that the Ministry of Industry will become a partner of Commission VII," he said. (wia)

"Untuk itu, peran aktif kementerian perindustrian harus didorong. Kita bersyukur karena hari ini diputuskan dalam paripurna DPR, bahwa Kementerian Perindustrian menjadi mitra komisi VII," ujarnya. (wia)

Having a long-term production

permit, Bumi Resources

Minerals (BRMS) believes that

business is bright

I

NCREASE production, PT Bumi Resources Minerals Tbk (BMRS) is optimistic that it can produce better performance.

Director & Investor Relations of PT Bumi Resources Minerals Tbk Herwin Hidayat said that currently the company has promising prospects in the future. The company owns three mining assets, namely Citra Palu Minerals (CPM), Dairi Prima Mineral (DPM), and Gorontalo Minerals (GM).

He explained that at CPM the company operates mines covering an area of 85,180 hectares (ha) in Central Sulawesi and South Sulawesi through a contract of work. The gold mining project at CPM already has a production permit until 2050.

"Currently, we have operated the first gold ore processing plant with a capacity of 500 tons of ore per day. In the short term, we will drill at four gold prospect points which are currently underway in the second quarter with funding from rights issue," he said, Tuesday. (22/6).

Punya izin produksi jangka

panjang, Bumi Resources

Minerals (BRMS) yakin bisnis

cerah

T

INGKATKAN produksi, PT Bumi Resources Minerals Tbk (BMRS) optimistis dapat menghasilkan kinerja lebih baik.

Direktur & Investor Relations PT Bumi Resources Minerals Tbk Herwin Hidayat menuturkan saat ini perusahaan memiliki prospek yang menjanjikan ke depannya. Perusahaan memiliki tiga aset pertam-bangan, yakni Citra Palu Minerals (CPM), Dairi Prima Mineral (DPM), dan Gorontalo Minerals (GM).

Ia memaparkan, pada CPM perusahaan mengoperasikan tambang seluas 85.180 hektare (ha) di Sulawesi Tengah dan Sulawesi Selatan melalui kontrak karya. Adapun proyek tambang emas di CPM telah memiliki izin produksi hingga tahun 2050. "Saat ini kami telah mengoperasikan pabrik pengelolaan bijih emas pertama dengan kapasitas 500 ton biji per hari. Untuk jangka pendek, kami akan melakukan pengeboran di empat titik prospek emas yang sedang berjalan di kuartal II ini dengan sumber pendanaan dari rights issue," ujarnya, Selasa (22/6).

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For the long term, BRMS will also build a second gold ore processing with a capacity of 4,000 tons per day. Investment in the construction of this second factory is US$ 65 million - US$ 70 million.

The source of funding will come from credit facilities that have been obtained. The company targets the plant to be completed in March 2022 and start operating in May or June 2022.

After that, the company will build a third factory with a capacity of 4,000 tons per day with an investment of US$ 48 million from the rights issue. That way, by 2024, BRMS will have a capacity of 8,500 tons per day.

The second asset, DPM currently manages the zinc and lead mine with an area of 24,636 ha. This mining has a production permit until 2047.

The third asset, GM has a land area of 24,995 ha. The company currently has a production permit to manage this copper and gold project until 2052.

He said, for the short term, his party is conducting drilling activities, especially in Motomboto, which is a gold mining location. "We allocated US$ 5.25 million which we got from the rights issue," he said.

Through this, the company is optimistic that the company's business prospects are still good. Especially with obtaining a production permit which is quite long. Unfortunately, he has not disclosed his performance this year. What is clear, based on the company's interim financial report, BRMS revenue rose 37.09% yoy from US$ 991,860 in the first quarter of 2020 to US$ 1.35 million in the first quarter of 2021.

Untuk jangka panjang, BRMS juga akan membangun pengolahan bijih emas kedua dengan kapasitas 4.000 ton per hari. Investasi pada pembangunan pabrik kedua ini sebesar US$ 65 juta - US$ 70 juta. Adapun sumber pendanaan akan berasal dari fasilitas kredit yang telah didapatkan. Perusahaan menargetkan pabrik tersebut selesai pada Maret 2022 dan mulai ber-operasi pada Mei atau Juni 2022.

Setelahnya, perusahaan akan membangun pabrik ketiga dengan kapasitas 4.000 ton per hari dengan nilai investasi sebesar US$ 48 juta yang berasal dari hasil rights issue. Dengan begitu, pada 2024, BRMS akan memiliki kapasitas 8.500 ton per hari. Aset kedua, DPM saat ini perusahaan mengelola tambang seng dan timah hitam tersebut dengan luas 24.636 ha. Adapun pertambangan ini telah memiliki izin produksi hingga tahun 2047.

Aset ketiga, GM memiliki luas lahan 24.995 ha. Saat ini perusahaan memiliki izin produksi untuk mengelola proyek tembaga dan emas ini sampai tahun 2052.

Ia berujar, untuk jangka pendek pihaknya tengah melakukan aktivitas pengeboran, khususnya di Motomboto yang merupakan lokasi tambang emas. "Kami mengalokasi-kan dana U$5,25 juta yang kami dapat dari

rights issue," sebutnya.

Melalui hal tersebut, perusahaan optimistis prospek bisnis perusahaan masih baik. Terlebih dengan didapatkannya izin produksi yang cukup panjang.

Sayangnya, ia belum membeberkan terkait kinerja tahun ini. Yang jelas, berdasarkan laporan keuangan interim perusahaan, pendapatan BRMS naik 37,09% yoy dari semula US$ 991.860 di kuartal pertama 2020 menjadi US$ 1,35 juta di kuartal pertama 2021.

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Along with the increase in revenue, BRMS' net profit skyrocketed 880.41% yoy from US$ 165,057 in the first quarter of 2020 to US$ 1.67 million in the first quarter of 2021.

In terms of production, he projects that gold production will still be the same as the first quarter yesterday. Just so you know, the company's existing factory facilities in Poboya, Palu, are only able to operate with production utilization at 70% of the installed capacity of 500 tons per day. The obstacle came from the staggering supply of spare parts for production facilities that have been operating since March 2020 because of the Covid-19 pandemic. Meanwhile, in the first three months yesterday, BMRS recorded 50 kg of dore bullion and 24 kg of gold.

"However, last May it arrived and we immediately installed it so that in the second half of production, the production will be higher," he added.

Bersamaan dengan kenaikan pendapatan, laba bersih BRMS meroket 880,41% yoy dari semula US$ 165.057 di kuartal I 2020 menjadi US$ 1,67 juta di kuartal I 2021. Dari sisi produksi, ia memproyeksikan produksi emas masih akan sama dengan kuartal I kemarin. Asal tahu saja, fasilitas pabrik perusahaan yang ada saat ini di Poboya, Palu, hanya mampu beroperasi dengan utilisasi produksi di angka 70% dari kapasitas terpasang sebesar 500 ton per hari.

Kendala datang dari tersendatnya pasokan suku cadang untuk fasilitas produksi yang beroperasi sejak Maret 2020 lalu itu gara-gara pagebluk Covid-19. Adapun, pada tiga bulan pertama kemarin BMRS mencatat memproduksi dore bullion sebanyak 50 kg serta memproduksi emas sebanyak 24 kg. "Namun, pada Mei kemarin sudah datang dan langsung kami pasang sehingga di semeter II produksi akan lebih tinggi," imbuhnya.

Observer: Antam cannot violate

government regulations, imports

must comply with procedures

Yurika

I

N THE PAST week, the public has been shocked by the news about the alleged gold import scandal worth Rp. 47.1 trillion at the Customs and Excise Main Office of Soekarno Hatta International Airport, Banten. PT Aneka Tambang Persero Tbk has also spoken out in response to accusations of manipulating gold import taxes.

The management of the issuer codenamed ANTM ensures that…

Pengamat : Antam Tak Mungkin

Menyalahi Aturan Pemerintah,

Impor Pasti Sesuai Prosedur

Yurika

D

ALAM satu pekan belakangan ini, publik dihebohkan kabar mengenai dugaan skandal impor emas senilai Rp47,1 triliun di Kantor Pelayanan Utama Bea Cukai Bandara Internasional Soekarno Hatta, Banten. PT Aneka Tambang Persero Tbk pun sudah angkat bicara menanggapi tuduhan manipulasi pajak impor emas. Manajemen emiten berkode saham ANTM itu memastikan…

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The management of the issuer codenamed ANTM ensures that the imported gold complies with the HS 7108.12.10 category based on the Regulation of the Minister of Finance of the Republic of Indonesia 6/PMK.019/2017.

This news emerged through a statement by member of Commission III of the House of Representatives, Arteria Dahlan, in a meeting with the Attorney General's Office at the Parliament Complex, Senayan, Jakarta, Tuesday (14/6). He said there were indications of manipulation of imports of gold products that should be subject to a tax of up to 5% but were eliminated or zero percent.

Marwan Batubara, Executive Director of Indonesia Resources Studies (IRESS), assesses that issues like this are commonplace, nothing to worry about, just follow the procedures.

"I've never heard of a case like this. If it sticks out, those who say members of Commission III of the DPR are an anomaly in their field of work, it means that someone has reported this," he said when contacted by reporters, Monday (21/6). According to Marwan, if Arteria's accusation is true, it is possible that certain parties are looking for something behind the incident. Marwan hopes that there are no parties who want to take advantage of SOEs. He also believes that it is impossible for Antam to have bad intentions regarding this gold import. Moreover, it is not taxable.

“I really believe in any BUMN in Indonesia, Antam, PLN, Pertamina. I actually often defend them on the front lines, why? because this BUMN is a State-Owned Enterprise, if we are lucky, we are all the people who enjoy it," said the former General Manager of PT Indosat.

Manajemen emiten berkode saham ANTM itu memastikan emas impor itu sesuai dengan kategori HS 7108.12.10 berdasar-kan Peraturan Menteri Keuangan Republik Indonesia 6/PMK.019/2017.

Kabar ini mencuat lewat pernyataan anggota Komisi III DPR Arteria Dahlan dalam rapat bersama Kejaksaan Agung di Komplek Parlemen, Senayan, Jakarta, Selasa (14/6). Ia menyebut ada indikasi manipulasi impor produk emas yang seharusnya dikenakan pajak hingga 5 % tapi ditiadakan alias nol persen.

Marwan Batubara, Direktur Eksekutif Indonesia Resources Studies (IRESS), menilai isu seperti ini sudah biasa, tak perlu dikhawatirkan, tinggal jalani sesuai prosedur.

“Saya tidak pernah mendengar kasus seperti ini. Kalau mencuat, yang ngomong anggota Komisi III DPR jadi anomali terhadap bidang kerjanya, berarti ada yang melaporkan ini,” ucapnya saat dihubungi wartawan, Senin (21/6).

Menurut Marwan, jika benar tuduhan Arteria itu maka bisa saja ada pihak tertentu sedang mengincar sesuatu dibalik peristiwa dimaksud. Marwan berharap jangan sampai ada pihak-pihak yang ingin memanfaatkan BUMN. Ia juga menyakini tidak mungkin Antam memiliki niat tidak baik soal impor emas ini. Apalagi sampai tidak kena pajak.

“Saya sangat percaya terhadap BUMN manapun di Indonesia, Antam, PLN, Pertamina. Saya justru sering membela mereka di garis depan, kenapa? karena BUMN ini Badan Usaha Milik Negara, kalau untung kita semua rakyat yang menik-mati,” ucap mantan General Manager PT Indosat ini.

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Therefore, Marwan doubts that a state-owned company like Antam is involved in tax evasion. “They (SOEs) can make 3-4 kinds of reports like private companies. One is dealing with creditors for good ones, dealing with bad taxes, making losses so that taxes can be reduced or transfer pricing can be done by private companies but BUMN can't, I'm not sure of that, they will follow the right rules of the game, " he said. Marwan emphasized that so far, gold imports have been common on a scale that has been determined by the government itself. There is nothing wrong in a process like this, especially since customs itself has given a definite answer.

"Once again, there is no need to worry about the integrity and performance of SOEs like Antam, they certainly know what is right and wrong, this is just a matter of misunder-standing, just sit down and straighten it out," he said.

For that, continued Marwan, an internal audit is definitely done, so don't spread rumors that are not true, everything has gone through the process and mechanism. "That's why I said that it needs to be audited, is it true that the imported chunks or semi-finished products are deliberately changed so they don't pay taxes, for example, it's softer than making noise," said Marwan.(RA)

Karenanya, Marwan ragu perusahaan pelat merah seperti Antam terlibat praktik peng-gelapan pajak. “Mereka (BUMN) kalau buat laporan tidak mungkin seperti swasta bisa 3-4 macam. Satu berhadapan dengan kreditur buat yang bagus-bagus, berhadapan dengan pajak dibuat yang jelek-jelek, rugi supaya dapat pajak-nya berkurang atau transfer pricing itu bisa dilakukan perusahaan swasta tapi BUMN tidak bisa, saya tidak yakin itu, mereka akan meng-ikuti aturan main yang benar,” ujarnya.

Marwan menegaskan, bahwa selama ini impor emas sudah lazim terjadi dengan skala yang sudah ditentukan oleh pihak pemerintah sendiri. Tak ada yang salah dalam proses seperti ini, apalagi dari bea cukai sendiri sudah mem-berikan jawaban yang pasti.

“Sekali lagi tak perlu dikhawatirkan soal integritas dan kinerja BUMN seperti Antam, mereka pasti tahu soal benar dan salahnya, ini hanya soal kesalahpahaman semata, tinggal luruskan dengan duduk bersama,” katanya. Untuk itu, lanjut Marwan, audit diinternal sudah pasti dilakukan, jadi jangan lagi menyebarkan isu yang tidak benar, semua sudah melewati proses dan mekanismenya. “Makanya saya bilang supaya diaudit, itu benar enggak sih yang diimpor bongkahan atau setengah jadi, sengaja diubah supaya tidak bayar pajak, misalkan, kan lebih soft daripada dibuat gaduh,” kata Marwan. (RA)

To Reduce Coal, Japan Wants to

Inject Rp. 144 T to Asia

J

APAN has offered an injection of US$ 10 billion or around Rp. 144 trillion (exchange rate of Rp. 14,400 per US$) to Asia for projects that can reduce carbon emissions, aka decarbonization.

Demi Kurangi Batu Bara, Jepang

Mau Suntik Rp 144 T ke Asia

J

EPANG menawarkan suntikan dana sebesar US$ 10 miliar atau sekitar Rp 144 triliun (kurs Rp 14.400 per US$) kepada Asia untuk proyek-proyek yang bisa mengurangi emisi karbon alias dekarbonisasi.

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The decarbonization projects in question include New Renewable Energy (EBT) projects, energy savings, and conversion of coal-based power plants to gas-based ones to assist the energy transition process. Quoted from Reuters, Tuesday (22/06/ 2021), Japan's Minister of Economy, Trade and Industry Hiroshi Kajiyama in a virtual meeting with energy ministers in Southeast Asia (ASEAN) proposed various support measures for the region, including also helping each country set realistic steps towards carbon neutrality and develop a roadmap for achieving it.

"We propose the Asian energy transition initiative as Japan's support package for a realistic transition in Asia towards carbon neutrality," he said at a meeting attended by 10 ASEAN countries.

Takeshi Soda, Director of International Affairs at the Ministry of Industry also conveyed that financial support, including loans and investments from the Japanese public and private sectors, will target projects to help reduce carbon emissions and contribute to each country's carbon neutral targets.

He told Reuters that these projects would include the construction of a gas-fired power plant and a liquefied natural gas (LNG) receiving terminal. Natural gas is considered an alternative to coal and a major transition fuel.

"There has been rapid progress in divesting fossil fuel projects in the international financial industry," he said. He further said, in order to achieve carbon neutrality in ASEAN, it is important to create a mechanism to attract investment and finance for various projects and technologies that contribute to the energy transition. (wia)

Proyek dekarbonisasi yang dimaksud antara lain proyek Energi Baru Terbarukan (EBT), penghematan energi, dan konversi pembangkit listrik berbasis batu bara menjadi berbasis gas untuk membantu proses transisi energi.

Dikutip dari Reuters, Selasa (22/06/2021), Menteri Ekonomi, Perdagangan, dan Industri Jepang Hiroshi Kajiyama dalam pertemuan secara virtual dengan para menteri energi di Asia Tenggara (ASEAN) mengusulkan berbagai langkah dukungan untuk kawasan tersebut, termasuk juga membantu setiap negara menetapkan langkah yang realistis dalam menuju netralitas karbon dan mengembangkan peta jalan untuk mencapainya.

"Kami mengusulkan inisiatif transisi energi Asia sebagai paket dukungan Jepang untuk transisi realistis di Asia menuju netralitas karbon," ungkapnya dalam pertemuan yang dihadiri oleh 10 negara ASEAN.

Takeshi Soda, Direktur Urusan Internasional di Kementerian Industri juga menyampaikan dukungan keuangan, termasuk pinjaman dan investasi dari sektor publik dan swasta Jepang akan menargetkan proyek-proyek untuk membantu mengurangi emisi karbon dan berkontribusi pada target netral karbon masing-masing negara.

Kepada Reuters, dia mengatakan bahwa proyek-proyek ini akan mencakup pem-bangunan pembangkit listrik berbahan bakar gas dan terminal penerima gas alam cair (LNG). Gas alam dianggap sebagai alternatif batu bara dan bahan bakar transisi utama. "Ada kemajuan pesat dalam divestasi proyek bahan bakar fosil di industri keuangan internasional," ungkapnya.

Lebih lanjut dia mengatakan, demi mencapai netralitas karbon di ASEAN, penting untuk menciptakan mekanisme menarik investasi dan pembiayaan untuk berbagai proyek dan teknologi yang berkontribusi pada transisi energi. (wia)

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The Largest Coal Producing

Region in Indonesia

Author: Yuniar Novianti, Editor: Ocky PR.

C

OAL is an organic sedimentary rock which in its formation requires a process for tens to hundreds of millions of years. Coal itself is still one of the most needed energy sources in the global world, especially for the household products industry or other large factories.

At the “Mining Forum: Prospects for the Minerba Industry 2021 CNBC Indonesia” on Wednesday (24/03/2021), Andri B. Firmanto as Deputy Director of Supervision of Mineral Exploration of the Directorate General of Mineral and Coal of the Ministry of Energy and Mineral Resources, stated that Indonesia has natural resources. coal by 143 billion tons, 34% low calorie which is the sixth largest in the world.

Andri also added that the existence of this huge coal resource has encouraged the government to set targets for the development and utilization of national coal. This is also one of the conditions for extending the permit from the Coal Mining Concession Work Agreement (PKP2B) to a Special Mining Business Permit (IUPK). The abundant coal is spread throughout Indonesia, where mining uses the open-pit or closed-pit mining method. The following is a list of some of the largest coal-producing regions in Indonesia.

Daerah Penghasil Batubara

Terbesar di Indonesia

Penulis: Yuniar Novianti, Editor: Ocky PR.

B

ATUBARA (coal) merupakan batuan sedimen organik yang dalam pemben-tukannya membutuhkan proses selama puluhan hingga ratusan juta tahun. Batubara sendiri masih menjadi salah satu sumber energi yang paling dibutuhkan dalam dunia global, terutama untuk industri produk-produk rumah tangga ataupun ataupun pabrik besar lainnya. Pada “Mining Forum: Prospek Industri Minerba 2021 CNBC Indonesia” pada Rabu (24/03/2021), Andri B. Firmanto selaku Deputi Direktur Pengawasan Eksploarasi Mineral Direktorat Jenderal Mineral dan Batubara Kementerian Energi dan Sumber Daya Mineral, menyatakan bahwa Indonesia memiliki sumber daya batubara sebesar 143 miliar ton, 34% kalori rendah yang merupakan terbesar keenam di dunia. Andri juga menambahkan bahwa dengan adanya sumber daya batubara yang sangat besar ini mendorong pemerintah untuk membuat terget dalam pengembangan dan pemanfaatan batubara nasional. Hal tersebut juga menjadi salah satu syarat perpanjangan izin dari Perjanjian Karya Pengusahaan Pertambangan Batubara (PKP2B) menjadi Izin Usaha Pertam-bangan Khusus (IUPK).

Batubara yang melimpah tersebut tersebar di seluruh wilayah Indonesia, dimana dalam penambangannya memakai metode tambang terbuka ataupun tambang tertutup. Berikut daftar beberapa daerah penghasil batubara terbesar di Indonesia.

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1. Sawahlunto, West Sumatra

The first coal mine is located in the city of Sawahlunto in West Sumatra. The mine is the Ombilin Coal Mine which is located in a narrow valley along Bukit Barisan which is located about 70 Km from the northeast of Padang City. This area itself has been exploited since the Dutch colonial era in the 19th century, and has been operating for more than a century.

However, the Ombilin Coal Mine is no longer operational and has been designated as a World Heritage by UNESCO since 2019. This mine is also known as the oldest coal mining site in Southeast Asia with the underground/covered coal mining method.

2. Meulaboh, West Aceh

West Aceh is one of the best quality coal-producing cities in Indonesia. The most abundant coal-producing area in West Aceh is in Meulaboh, Kaway XVI District. In this area there are 15 layers with a depth of up to 100 meters. The coal seam has a thickness of about 0.5 – 9.5 meters. Coal reserves in this region reach 500 million tons with a depth of 80 meters.

3. Tanjung Enim, South Sumatra

Tanjung Enim, one of the villages located in Lawang Kidul sub-district, Muara Enim Regency, South Sumatra was also a coal-producing area for the Dutch colonialists. This coal mine is managed by PT Batubara Bukit Asam (Persero) Tbk which is one of the State-Owned Enterprises (BUMN) which has been established since 1950. PT Bukit Asam can produce coal of 1,500 – 1,700 tons/hour, so if accumulated, this mining can produce up to 40,000 tons/day. This is very possible considering the very adequate mining facilities such as loader trains which can accommodate 2,000 – 2,800 cubic hours of coal.

1. Sawahlunto, Sumatera Barat

Tambang Batubara yang pertama terletak di Kota Sawahlunto yang berada di Sumatera Barat. Tambang tersebut adalah Tambang Batubara Ombilin yang berada di lembah sempit di sepanjang Bukit Barisan yang terletak sekitar 70 Km dari timur laut Kota Padang. Kawasan ini sendiri sudah dieksploitasi sejak zaman kolonial Belanda pada abad ke – 19, dan telah beroperasi selama lebih dari satu abad

Namun Tambang Batubara Ombilin sudah tidak beroperasi dan telah ditetapkan sebagai Warisan Dunia oleh UNESCO sejak 2019. Tambang ini juga dikenal sebagai situs tambang batubara tertua di Asia Tenggara dengan metode tambang batubara bawah tanah/tertutup.

2. Meulaboh, Aceh Barat

Aceh Barat merupakan salah satu kota penghasil batubara dengan kualitas terbaik di Indonesia. Wilayah penghasil batubara yang berlimpah di Aceh Barat yaitu di Meulaboh, Kecamatan Kaway XVI. Diwilayah ini terdapat 15 lapisan dengan kedalaman mencapai 100 meter. Lapisan batubara tersebut memiliki ketebalan sekitar 0,5 – 9,5 meter. Cadangan batubara di wilayah ini mencapai 500 juta ton dengan kedalaman 80 meter.

3. Tanjung Enim, Sumatera Selatan

Tanjung Enim, salah satu kelurahan yang berada di kecamatan Lawang kidul, Kabupaten Muara Enim, Sumatera Selatan juga merupakan daerah penghasil batubara bagi kolonial Belanda. Tambang batubara ini dikelola oleh PT Batubara Bukit Asam (Persero) Tbk yang merupakan salah satu Badan Usaha Milik Negara (BUMN) yang telah berdiri sejak tahun 1950.

PT Bukit Asam dapat memproduksi batubara sebanyak 1.500 – 1.700 ton/ jam, sehingga jika di akumulasi, penambangan ini dapat meng-hasilkan hingga 40.000an ton/ hari. Hal ini sangat memungkinkan mengingat fasilitas penambangan yang sangat memadai seperti kereta loader yang mampu menampung batu-bara sebanyak 2.000 – 2.800 kubik perjam.

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The Tanjung Enim area itself still has coal reserves of 6.36 billion tons and only 1.59 billion tons have been mined.

4. Lahat, South Sumatra

Besides Muara Enim, South Sumatra also has one of the abundant coal-producing districts, namely Lahat. This district has an area of 4,363 Km2 and consists of 7 main sub-districts, namely Lahat, Kikim, Kota Agung, Jarai, Tanjung Sakti, Pulau Pinang, and Merapi before the regional expansion. In this area, there are several companies operating as well as several smallholder mines.

The total number of coal companies operating in Lahat is around 36 companies with a concession area of 31,454.4 hectares.

5. Laut Island, South Kalimantan

Another island that has coal resources is Kalimantan, one of which is in the Pulau Laut area, South Kalimantan. Laut Island itself is an island in Kotabaru Regency with an area of only 1,873 Km2 The new stone produced on this island is of good quality, but most of the mining products are exported abroad. The countries that import coal from this Sea Island are China, Japan, and the United States.

6. Samarinda, East Kalimantan

In addition to Kota Baru, there is also a large coal mine on the island of Kalimantan, namely Samarinda, East Kalimantan. The location of this mine is along the Berau River, Samarinda. Just like some other mines, this mine has been operating since the Dutch colonial period. However, this area is not the first coal-producing area to be exploited in this province, based on the mining history of East Kalimantan, the pioneer area of coal production is in the Batu Panggal area.

Daerah Tanjung Enim ini sendiri masih memiliki cadangan batubara sebesar 6,36 miliar ton dan baru berhasil ditambang sebanyak 1,59 miliar ton.

4. Lahat, Sumatera Selatan

Selain Muara Enim, Sumatera Selatan juga me-miliki salah satu kabupaten penghasil batubara yang berlimpah, yaitu Lahat. Kabupaten ini memiliki luas daerah sebesar 4.363 Km2_dan terdiri dari 7 Kecamatan induk, yaitu Lahat, Kikim, Kota Agung, Jarai, Tanjung Sakti, Pulau Pinang, dan Merapi sebelum adanya pemekaran wilayah. Di daerah ini, terdapat beberapa per-usahaan yang beroperasi dan juga beberapa tambang rakyat.

Adapun jumlah total keseluruhan perusahaan batubara yang beroperasi di Lahat adalah sekitar 36 perusahaan dengan luas area konsesi yaitu mencapai 31.454,4 hektar.

5. Pulau Laut, Kalimantan Selatan

Pulau Lainnya yang memiliki sumber daya batubara adalah Kalimantan, salah satunya yaitu di daerah Pulau Laut, Kalimantan Selatan. Pulau Laut sendiri adalah sebuah pulau di Kabupaten Kotabaru dengan luas daerah hanya mencapai 1.873 Km2

Batubaru yang dihasilkan di pulau ini memiliki kualitas yang bagus, namun hasil tambang tersebut lebih banyak diekspor ke luar negeri. Adapun negara-negara yang mengimport batu-bara dari Pulau Laut ini yaitu China, Jepang, dan Amerika Serikat.

6. Samarinda, Kalimantan Timur

Selain di Kota Baru, terdapat juga tambang batu-bara besar di Pulau Kalimantan, yaitu Samarinda, Kalimantan Timur. Lokasi tambang ini berada disepanjang Sungai Berau, Samarinda. Sama seperti beberapa tambang lainnya, tambang ini sudah beroperasi dari masa penjajahan Belanda. Namun daerah ini bukan merupakan daerah penghasil batubara pertama yang dieksploitasi di provinsi ini, berdasarkan sejarah pertambangan Kalimantan Timur, daerah pelopor produksi batubara adalah di daerah Batu Panggal.

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7. Sorong, Papua

Then one of the cities in eastern Indonesia as a coal-producing area is Sorong, West Papua with an area of 1,105 Km2. Sorong is one of the areas in Indonesia that has abundant mining products, ranging from gold, marble, petroleum, to coal mining which has a large amount.

For the coal mining process itself, in this area using a quality blending technique, so that the coal produced can also function as a Steam Power Plant (PLTU). In addition, the quality of coal in this area is also of very good quality, so it is in great demand by domestic and foreign consumers.

7. Sorong, Papua

Kemudian salah satu kota di bagian timur Indonesia sebagai daerah penghasil batubara adalah Sorong, Papua Barat dengan luas wilayah 1.105 Km2_{. Sorong merupakan salah satu daerah} di Indonesia yang memiliki hasil tambang yang berlimpah, dari mulai tambang emas, marmer, minyak bumi, hingga batubara yang memiliki jumlah yang tidak sedikit.

Untuk proses penambangan batubaranya sendiri, di daerah ini menggunakan teknik

blending yang berkualitas, sehingga batubara

yang dihasilkan juga dapat berfungsi sebagai Pembangkit Listrik Tenaga Uap (PLTU). Selain itu, kualitas batubara di daerah ini juga memiliki kualitas yang sangat baik, sehingga sangat di-minati oleh konsumen dalam dan luar negeri.

A Month Soared 15%, Today's

Coal Prices Up Almost 2%!

Hidayat Setiaji, CNBC Indonesia

C

OAL prices again posted an increase. Even though the price of this commodity has jumped by a dozen percent in the last month.

Yesterday, the price of coal in the ICE Newcastle (Australia) market was at US$ 121/ton. Up 1.68% compared to the previous day.

Coal prices are indeed on an upward trend. In this week, the price of coal soared 4.09% and during the past month it skyrocketed 15.57%.

The trend of rising coal prices brings blessings to issuers on the Indonesia Stock Exchange (IDX). At 10:43 WIB,…

Sebulan Meroket 15%, Harga

Batu Bara Hari Ini Naik Nyaris

2%!

Hidayat Setiaji, CNBC Indonesia

H

ARGA batu bara kembali membukukan kenaikan. Padahal harga komoditas ini sudah melonjak belasan persen dalam sebulan terakhir.

Kemarin, harga batu bara di pasar ICE Newcastle (Australia) berada di US$ 121/ton. Naik 1,68% dibandingkan sehari sebelumnya.

Harga batu bara memang sedang dalam tren meningkat. Dalam sepekan ini, harga batu bara melesat 4,09% dan selama sebulan ke belakang meroket 15,57%. Tren kenaikan harga batu bara membawa berkah bagi emiten di Bursa Efek Indonesia (BEI). Pada pukul 10:43 WIB,…

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At 10:43 WIB, the share price of PT Bumi Resources Tbk (BUMI) jumped 3.39%, PT Harum Energy Tbk (HRUM) rose 0.49%, and PT Indika Energy Tbk (INDY) added 0.37%.

Not only that, price increases also bring blessings to the national economy in general. Remember, coal is one of Indonesia's main export commodities. The Central Statistics Agency (BPS) noted that the export value of mineral fuels (which was dominated by coal) in January-May 2021 was US$ 10.25 billion. Its share reaches 12.9% of total non-oil and gas exports.

"Almost all non-oil and gas commodities experienced an increase in prices such as coal, palm oil, tin, copper, nickel, gold. The increasing demand, coupled with rising prices made our export performance experience an encouraging increase," said Suhariyanto, Head of BPS, last week ago. The increase in exports is good news because it brings hope that Indonesia can escape the economic recession. This is because exports are one of the main contributors to the formation of Gross Domestic Product (GDP) from the expenditure side. CNBC INDONESIA RESEARCH TEAM (aji/aji)

Pada pukul 10:43 WIB, harga saham PT Bumi Resources Tbk (BUMI) melonjak 3,39%, PT Harum Energy Tbk (HRUM) naik 0,49%, dan PT Indika Energy Tbk (INDY) bertambah 0,37%.

Tidak hanya itu, kenaikan harga juga mem-bawa berkah bagi perekonomian nasional secara umum. Ingat, batu bara adalah salah satu komoditas andalan ekspor Indonesia. Badan Pusat Statistik (BPS) mencatat, nilai ekspor bahan bakar mineral (yang di-dominasi batu bara) pada Januari-Mei 2021 adalah US$ 10,25 miliar. Pangsanya men-capai 12,9% dari total ekspor non-migas. "Hampir seluruh komoditas non-migas mengalami kenaikan harga seperti batu bara, minyak kelapa sawit, timah,tembaga, nikel, emas. Meningkatnya permintaan, dibarengi dengan kenaikan harga membuat performa ekspor kita mengalami peningkatan yang menggembirakan," kata Suhariyanto, Kepala BPS, pekan lalu.

Peningkatan ekspor menjadi kabar gembira karena membawa harapan Indonesia bisa lepas dari resesi ekonomi. Sebab, ekspor adalah salah satu kontributor utama dalam pembentukan Produk Domestik Bruto (PDB) dari sisi pengeluaran. TIM RISET CNBC INDONESIA (aji/aji)

Global copper mine production up 3.7% in Q121 – report

MINING.com Editor

T

HE INTERNATIONAL Copper Study Group (ICSG) has released preliminary data for March world copper supply and demand in its June 2021 Copper Bulletin.

Data indicates that world copper mine production increased by 3.7% in the first three months of 2021, with concentrate production increasing by 5.5% and solvent extraction-electro-winning (SX-EW) declining by about 3.5%.

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World mine production started to recover in June 2020 as lockdown measures eased and the industry adapted to stricter health protocols that remain in place in 2021.

Output in Peru, the world’s second biggest copper mine producing country, increased by 3% mainly because March production was up by 18% from a constrained March 2020 basis, ICSG reports. However, Jan-Mar 2021 production is still 10% below that of Jan-Mar 2019.

Indonesian production increased by about 91% mainly due to the continued ramp-up of underground production at the Grasberg mine.

Strong increases were also seen in the Democratic Republic of Congo, Mongolia, Panama and Russia due to additional output from new or expanded operations, according to ICSG.

However, in Chile, the world’s biggest copper mine producing country, total output was down by 2% with a 3.5% growth in concentrate production being more than offset by a 16% decline in SX-EW output.

Preliminary data indicates that world refined copper production increased by about 4% in the first three months of 2021 with primary production (electrolytic and electrowinning) up by 4.2% and secondary production (from scrap) up by 2.3%.

Preliminary official Chinese refined production data indicates growth of 8%, ICSG says.

Chilean electrolytic refined output increased by 15% mainly due to the fact that in the comparative period of 2020 production was ramping up after smelter upgrades to comply with new environmental regulations.

However, after taking into account a significant 16% reduction in electrowinning refined production, total Chilean refined copper production (electrolytic and electrowinning) declined by 6%, the report reads.

In Africa, refined production was up by 16% in the D.R. Congo due to the continued ramp-up of new or expanded SX-EW plants, and by 39% in Zambia, where output has recovered from smelters’ operational issues and temporary shutdowns during 2019 and early 2020.

Preliminary data indicates small declines in Brazil, Japan, Mexico EW), Russia, Spain (SX-EW) and Sweden for various reasons including maintenance work, operational issues and the shutdown of SX-EW plants.

Globally, secondary refined production (from scrap) increased by 2.3% with China being the biggest contributor to growth. Preliminary data indicates that world apparent refined copper usage increased by 4.5% in the first three months of 2021:

The covid-19 related global lockdown has had a notable negative impact on the world economy and subsequently on key copper end-use sectors in all regions exChina. Although usage started to recover in the 2nd half of 2020, global demand remains below pre-pandemic levels in most countries.

World ex-China refined copper usage has been significantly impacted by the pandemic and is estimated to have declined by about 9% in 2020, ICSG reports, adding that usage over the first three months of this year is estimated to have declined by a further 4%.

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In contrast, Chinese apparent usage (excluding changes in bonded/unreported stocks) increased by around 13% supported by a 5.8% increase in net refined imports. Preliminary world refined copper balance in the first three months of 2021 indicates an apparent surplus of about 130,000 tonnes.

Metso Outotec to deliver ‘multiple’ Vertimills to Ferrexpo’s Ukraine

iron ore ops

Posted by Daniel Gleeson

M

ETSO Outotec is to deliver multiple energy-efficient Vertimill® VTM-3000 stirred mills to Ferrexpo in Ukraine, with the vertical grinding mills set to become the largest of their kind to be installed in the country.

Once the mills have been installed, Ferrexpo’s iron ore beneficiation complex will be the largest VTM installation on the continent, Metso Outotec said, with several Vertimills already operating at the plant.

Typical values for this type of an order is in the range of €30-40 million ($35.7-47.6 million), depending on the scope of delivery, the company said. The order was booked in the company’s Minerals’ June quarter orders received.

Vertimill technology is part of Metso Outotec’s Planet Positive offering, providing the lowest total cost of ownership compared with other grinding mills in many applications thanks to its high energy efficiency, reduced media consumption, low installation cost as well as minimal liner wear and maintenance, the company claims. It is capable of handling feed sizes of up to 6 mm and grinding to product sizes of 30 microns or less. Vertimill is available in standard mill sizes ranging from 11 kW to 3,352 kW.

Ferrexpo has plans to increase output from its iron ore operations in Ukraine from 32 Mt/y to more than 80 Mt/y.

Copper supply needs to double by 2050, Glencore CEO says

By: Reuters

G

LENCORE CEO Ivan Glasenberg said on Tuesday that a supply gap was growing in the metals necessary for the world to replace fossil fuels with renewable energy, but he stopped short of predicting a so-called super cycle.

Glasenberg said at the Qatar Economic Forum that copper supplies needed to increase by one-million tonnes a year until 2050 to meet an expected demand of 60-million tonnes.

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"Today, the world consumes 30-million tonnes of copper per year and by the year 2050, following this trajectory, we've got to produce 60 million tonnes of copper per year," he said. "If you look at the historical past 10 years, we've only added 500 000 t/y ... Do we have the projects? I don't think so. I think it will be extremely difficult."

Shares of many mining companies have doubled in the past year, as policy support measures in advanced economies in response to the Covid-19 pandemic stoked inflation.

Commodities serve as a hedge against inflation, meaning their prices are expected to stay strong.

At the same time, the transition to a low-carbon economy and channeling of stimulus funds into infrastructure is generating demand for raw materials.

Demand for copper is rising for use in renewable energy projects and electric vehicles. Prices hit a record high above $10 000/t in May, before falling about $1 500/t.

The nickel and cobalt markets are facing similar supply deficits over the next few decades. Glasenberg said nickel supplies needed to grow by an extra 250,000 tonnes a year compared with a historic rate of just 100 000 t.

He projected annual nickel demand to rise to 9.2-million tonnes from the current 2.5-million tonnes.

Indonesia, Home to Giant Gold Mine, Wants Its Own Bullion Bank

Eko Listiyorini and Grace Sihombing, Bloomberg News

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NDONESIA, home to one of the world’s largest gold mines, plans to set up a bullion bank to spur trading of the precious metal domestically.

The government is consulting with parties including the central bank and the mining industry, with a plan to start operating the bank in 2024, Trade Minister Muhammad Lutfi said.

“Our exports have gone to transit countries because they have better gold trading systems, either in the form of bullion banks or better bourses than ours,” Lutfi said in an interview Monday. “As a gold producing country why would we sell it to transit countries?”

Indonesia is Southeast Asia’s biggest gold producer, with the Grasberg mine in Papua holding one of the world’s largest reserves.

The push to create a bullion bank is part of resource-rich Indonesia’s broader effort to climb up the commodities value chain. That drive has included forcing copper and nickel miners to invest in domestic refining, allowing the country to profit from higher-value products rather than just raw materials exports.

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Bullion banks are involved in activities including clearing, hedging, trading and vaulting of gold and precious metals. Global banks which engage in bullion banking include JPMorgan Chase & Co. and HSBC Holdings Plc, with most being members of the London Bullion Market Association.

Having an onshore bullion bank would cut the need to import gold products after they’re certified overseas, help develop the local industry by providing financing opportunities, and let the central bank use gold instruments to manage stability, said Iskandar Simorangkir, deputy for macroeconomics and finance policy coordination at the Coordinating Ministry for Economic Affairs.

Indonesia currently exports much of its gold to countries such as Singapore and Australia, which are hubs for trading rather than consumption, Lutfi said. The government is in talks with gold-buying countries, including members of Gulf Cooperation Council, to set up trade deals to compete with those “transit countries,” he added.

Can Queensland’s coal industry weather the China/Australia trade

war?

By Julian Turner

C

OAL exports from Queensland recently hit a four-year low as tensions between China and Australia continue to hamper the latter’s coal trade. We ask two analysts for their take on the ongoing trade war and how the coal-producing region is coping with the new geopolitical reality.

How long can Australia’s love affair with fossil fuels continue – and at what cost to the environment, the diversification of its economy, and its standing on the international stage? The question has been given added resonance recently thanks to the country’s highly publicised political spat with China.

Figures from Argus Media show that, on an average daily basis, exports from the four largest coal export ports in Queensland – one the country’s principal coal-producing regions – were at their lowest level in four years in March. The drop came as shipments from the north-east state’s second-largest coal export base, the 85mn t/yr Dalrymple Bay Coal Terminal (DBCT), plummeted to a four-year low.

According to North Queensland Bulk Ports and the Gladstone Port Authority, coal exports in March averaged 506,900 t/d, the lowest daily average for a monthly period since April 2017, while supplies from DBCT fell to the lowest monthly export volume since the one million tonnes shipped in April 2017.

“The four-year low was due to a combination of Beijing’s import ban on Australian coal, reduced output at Anglo American’s Moranbah and Grosvenor mines that were closed due to safety issues, and smaller mining firms that have either entered administration or cut exports in response to lower demand,” says Jo Clarke, Asia-Pacific correspondent at Argus, an international reporting agency.

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“DBCT services many of the smaller, more marginal mining firms in the central Bowen Basin, many of which were reliant on short-term contracts or spot sales of cargoes into China. These have been disrupted by Beijing’s import bans that came into force in October and some are struggling to find alternate markets for their coal at prices that are high enough to maintain exports.”

The impact of China’s ban on Australian coal exports

Of the close to eight billion tonnes of coal produced globally in 2019, a sixth is exported, the largest share of which (roughly a third) comes from Australia, according to the Asia & Pacific Policy Society.

China is a significant coal customer for Australia, accounting for around 20% of sales, so losing this is a factor for the coal industry: opinion as to the importance of China’s ban remains divided, however.

“The biggest component of the recent fall [in Queensland] is high-quality coking coal exports to China, which declined from 14 megatonnes in the June quarter 2020 to two megatonnes in the December quarter,” says Roderick Campbell, research director at think tank the Australia Institute. “However, the longer-term trend has been a plateau in Queensland and Australian coal production since about 2014.

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