TABLE OF CONTENTS. No. Title Media Source Page

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Daily News Update Page 1

Furthermore, Suryo will also accelerate the execution of projects that have been launched by Bukit Asam. The execution of this project will be carried out by the new management while maintaining integrity and good corporate governance (GCG). One of the projects that Bukit Asam is currently working on is downstreaming of coal into dimethyl ether (DME).

In addition, the company will also develop coal capacity to 50 million tons (PTBA Emas). This capacity development will be supported by substantial funding, both from within and outside the country. "We will boost the existing capacity towards PTBA Emas by 50 million tons, in the near future it can be achieved," he explained.

Bukit Asam Business Development Director Fuad Iskandar Zulkarnain Fachroeddin added that currently, Bukit Asam's coal production is still below 30 million tons. Meanwhile, to increase the capacity to 50 million tons, the company will increase the transportation capacity. He said that this year, his party will increase Kertapati's capacity to 7 million tons per year. Then Tarahan's capacity will be increased to 25 million tons per year. Then, there will be an additional capacity in Kramasan of 20 million tons which will be realized in January 2024.

Ada pun faktor pendukung pertumbuhan laba pada semester I ini adalah dari sisi harga batubara yang relatif membaik dibandingkan tahun lalu. Di sisi lain, kemampuan produksi Bukit Asam juga akan diperbaiki supaya bisa menghasilkan produksi dan penjualan yang sesuai harapan.

"Untuk kinerja semester I-2021 masih ada tiga bulan lagi, dengan kerjasama berbagai komponen saya yakin bisa tercapai," jelas dia. Lebih lanjut, Suryo juga akan mempercepat eksekusi proyek-proyek yang sudah di-canangkan Bukit Asam. Eksekusi proyek ini akan dilakukan oleh manajemen baru dengan tetap menjaga integritas dan tata kelola perusahaan (good corporate governance/ GCG) yang baik. Ada pun salah satu proyek yang sedang digarap Bukit Asam saat ini adalah hilirisasi batubara menjadi dimethyl ether (DME).

Selain itu, perseroan juga akan mengem-bangkan kapasitas batubara menjadi 50 juta ton (PTBA Emas). Pengembangan kapasitas ini akan didukung oleh pendanaan yang cukup besar, baik dari dalam maupun luar negeri.

"Kami akan mendongkrak kapasitas existing menuju PTBA Emas sebesar 50 juta ton, dalam waktu dekat bisa tercapai," papar dia. Direktur Pengembangan Usaha Bukit Asam Fuad Iskandar Zulkarnain Fachroeddin menambahkan, saat ini, produksi batubara Bukit Asam masih di bawah 30 juta ton. Sedangkan untuk menambah kapasitas men-jadi 50 juta ton, perseroan akan mening-katkan kapasitas angkutan.

Dia menyebutkan, pada tahun ini, pihaknya akan meningkatkan kapasitas Kertapati menjadi 7 juta ton per tahun. Kemudian kapasitas Tarahan akan ditingkatkan menjadi 25 juta ton per tahun. Lalu, akan ada penambahan kapasitas di Kramasan sebesar 20 juta ton yang akan terealisasi pada Januari 2024.

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Daily News Update Page 5 "With the addition of transportation

capacity, it can exceed the production capacity of PTBA Emas by 50 million tons," he explained.

Furthermore, Fuad said, in addition to developing coal downstream projects, the company is also developing other national strategic projects. The project is a coal-based industrial area.

According to Fuad, currently Bukit Asam has obtained a non-effective Industrial Estate Business Permit (IUKI). The permit will become effective when Bukit Asam finishes preparing the permit for environmental impact analysis (Amdal) and environmental determination.

"Dengan penambahan kapasitas angkutan itu sudah bisa melebihi kapasitas produksi PTBA Emas sebesar 50 juta ton," papar dia. Lebih lanjut, Fuad mengungkapkan, selain mengembangkan proyek hilirisasi batu-bara, perseroan juga mengembangkan proyek strategis nasional lainnya. Proyek tersebut adalah kawasan industri berbasis batubara.

Menurut Fuad, saat ini Bukit Asam sudah mendapatkan Izin Usaha Kawasan Industri (IUKI) non efektif. Izin tersebut akan menjadi efektif apabila Bukit Asam selesai menyiapkan perizinan analisis dampak lingkungan (Amdal) dan penetapan lingkungan.

RHB Sekuritas analyst

recommends buying ADRO

shares, see the review

Reporter: Hikma Dirgantara | Editor: Tendi

Mahadi

T

HE POSITIVE trend in coal prices has not

stopped. On Monday's trading (12/7), the price of ICE Newcastle coal for August 2021 delivery contract was perched at the level of US$ 136.40 per ton.

RHB Sekuritas analyst Andrey Wijaya in his research on July 7 said that the positive trend in coal prices is considered to be a positive catalyst for the performance of PT Adaro Energy Tbk (ADRO).

According to him, coal prices will still remain strong as coal demand increases in China amid tight supply.

Analis RHB Sekuritas

rekomendasikan beli saham

ADRO, simak ulasannya

Reporter: Hikma Dirgantara | Editor: Tendi

Mahadi

T

REN positif harga batubara masih belum

berhenti. Pada perdagangan Senin (12/7), harga batubara ICE Newcastle untuk kontrak pengiriman Agustus 2021 ber-tengger di level US$ 136,40 per ton.

Analis RHB Sekuritas Andrey Wijaya dalam risetnya pada 7 Juli mengatakan, tren positif harga batubara dinilai akan menjadi katalis positif untuk kinerja PT Adaro Energy Tbk (ADRO).

Menurutnya, harga batubara masih akan tetap kuat seiring kenaikan permintaan batubara di China di tengah ketatnya pasokan.

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Daily News Update Page 6 “The increase in China's economic activity

has led to higher electricity usage. Coupled with the temporary cessation of local coal production due to safety concerns, this has resulted in fewer available coal stocks," Andrey wrote in his research.

On the o ther hand, Andrey said, the forecast for denser rainfall this year is around 20-50% than usual, making many miners stop mining activities as a risk of flood prevention. From the combination of these factors, he believes that coal prices will still be at a high level in the next 3-4 months, before supply starts to normalize at the beginning of the fourth quarter of 2021.

However, ADRO's management estimates that there will be a slight bottleneck for production volume in the second quarter of 2021 as the prolonged rainy season affects several mining activities, especially in South Kalimantan.

Although there is a potential for reduced production volume, Andrey estimates that ADRO can still achieve its production volume target this year which is 54 million tons. According to him, ADRO will still be able to record a production volume of 14 million tons every quarter so that the target can be achieved.

On the other hand, Andrey also viewed ADRO positively in enriching their business diversification. Most recently, ADRO signed a joint statement with Australia's Fortescue Metals Group in early July to engage in the development of green ammonia as an alternative fuel for heavy equipment.

"We believe this enriches ADRO's diversified portfolio in addition to the power generation business, coking coal mining, and feasibility studies for down-stream coal products," added Andrey.

“Dengan adanya peningkatan dalam aktivitas ekonomi China telah menyebabkan pengguna-an listrik ypengguna-ang lebih tinggi. Ditambah dengpengguna-an penghentian sementara produksi batubara lokal karena masalah keamanan, ini yang menye-babkan persediaan batubara yang tersedia lebih sedikit,” tulis Andrey dalam risetnya.

Di sisi lain, Andrey menyebut, perkiraan curah hujan yang lebih padat tahun ini sekitar 20-50% dibanding biasanya membuat banyak penambang yang menghentikan aktivitas tambang sebagai risiko pencegahan banjir. Dari perpaduan faktor tersebut, ia meyakini harga batubara masih akan berada pada level yang tinggi pada 3-4 bulan ke depan, sebelum pasokan mulai normal di awal kuartal IV-2021.

Namun, manajemen ADRO memperkirakan ada sedikit hambatan untuk volume produksi kuartal II-2021 seiring musim hujan yang berkepanjangan mempengaruhi beberapa kegiatan pertambangan, terutama di Kalimantan Selatan.

Walaupun ada potensi berkurangnya volume produksi, Andrey memperkirakan ADRO masih bisa mencapai target volume produksi pada tahun ini yang sebesar 54 juta ton. Menurutnya, ADRO masih akan mampu untuk mencatatkan volume produksi 14 juta ton setiap kuartal agar target tersebut bisa tercapai.

Di sisi lain, Andrey juga memandang positif langkah ADRO dalam memperkaya diversifikasi bisnis mereka. Teranyar, ADRO telah menandatangani pernyataan bersama dengan Grup Logam Fortescue Australia pada awal Juli untuk terlibat dalam pengembangan amonia hijau sebagai bahan bakar alternatif untuk alat berat.

“Kami percaya ini memperkaya portofolio diversifikasi ADRO selain di bisnis pem-bangkit listrik, penambangan batubara kokas, dan studi kelayakan produk batubara hilir,” imbuh Andrey.

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Daily News Update Page 7 With the recent positive trend in coal

prices, Andrey increased ADRO's estimated revenue this year by 10% to US$ 3.25 billion.

Meanwhile, net profit of US$ 388 million. Meanwhile, RHB Sekuritas recommends buying ADRO shares with a target price of Rp 1,675 per share.

Dengan tren harga batubara yang positif belakangan ini, Andrey meningkatkan estimasi pendapatan ADRO pada tahun ini sebesar 10% menjadi US$ 3,25 miliar. Sementara untuk laba bersih sebesar US$ 388 juta.

Adapun RHB Sekuritas merekomendasikan untuk beli saham ADRO dengan target harga Rp 1.675 per saham.

Amman Mineral Immediately

Completes Copper Smelter EPC

Tender

Author: Denis Riantiza Meilanova

P

T AMMAN Mineral Nusa Tenggara or

AMNT said it would soon complete the tender process for the engineering, procurement and construction (EPC) contractor for the construction of a copper smelter in West Sumbawa, West Nusa Tenggara.

PT Amman Mineral Nusa Tenggara (AMNT) Head of Corporate Communication Kartika Octaviana said that currently the EPC tender process has entered the final stage. "Hopefully we can get a final decision on EPC in the near future," Kartika said to Bisnis, Tuesday (13/7/2021).

However, the smelter construction process is expected to stall again with the current increase in Covid-19 cases.

Kartika said the current increase in the development of Covid-19 had a significant impact on the finalization of the EPC tender process and the mobility of workers in and out of the company's operational areas.

Amman Mineral Segera

Rampungkan Tender EPC

Smelter Tembaga

Author: Denis Riantiza Meilanova

P

T AMMAN Mineral Nusa Tenggara atau

AMNT menyatakan segera menyelesaikan proses lelang kontraktor engineering, procurement, and construction (EPC) untuk pembangunan smelter tembaga di Sumbawa Barat, Nusa Tenggara Barat.

Head of Corporate Communication PT Amman Mineral Nusa Tenggara (AMNT) Kartika Octaviana mengatakan bahwa saat ini proses tender EPC telah memasuki babak akhir.

“Harapannya dalam waktu dekat keputusan final mengenai EPC sudah bisa kami dapatkan,” ujar Kartika kepada Bisnis, Selasa (13/7/2021).

Namun demikian, proses pembangunan smelter diperkirakan akan kembali ter-sendat dengan adanya peningkatan kasus Covid-19 saat ini.

Kartika mengatakan, peningkatan perkem-bangan Covid-19 saat ini memberikan dampak signifikan terhadap finalisasi proses tender EPC dan mobilitas pekerja yang keluar-masuk wilayah operasional perusahaan.

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Daily News Update Page 8 With this condition, the company has made

adjustments to the Covid-19 prevention protocol. His party remains committed to fulfilling the mandate to build a smelter in accordance with applicable regulations. "We also continue to cooperate with the government and expect support from all parties so that the smelter construction process can run well and smoothly," she said.

As reported by Bisnis earlier, the construction of the AMNT smelter has only reached 26.68 percent as of April 2021 and is predicted to be completed in June 2023. According to AMNT, the length of time for completion of the smelter cannot be separated from the impact of the Covid-19 pandemic, which requires rescheduling the smelter project.

AMNT President Director Rachmat Makkasau explained that at the end of April 2021, the company will establish a smelter development division.

"Our target is that in June 2021 develop-ment activities will begin and in the fourth quarter the construction phase will begin," explained Rachmat through a press release, Thursday (22/4/2021).

Meanwhile, due to the Covid-19 pandemic, the input capacity of AMNT's copper smelter which was originally planned to reach 1.3 million tons per year has also been adjusted to 900,000 tons per year. Meanwhile, for this year, AMNT has obtained a 1 year extension for its copper concentrate export license of 579,444 wet metric tons. Editor : Lili Sunardi

Dengan kondisi ini, perusahaan telah melakukan penyesuaian terhadap protokol pencegahan Covid-19. Pihaknya pun tetap berkomitmen untuk memenuhi amanah membangun smelter sesuai dengan per-aturan yang berlaku.

“Kami juga terus bekerja sama dengan pemerintah dan mengharapkan dukungan dari semua pihak agar proses pem-bangunan smelter ini bisa berjalan dengan baik dan lancar,” katanya.

Diberitakan Bisnis sebelumnya, pem-bangunan smelter AMNT baru mencapai 26,68 persen per April 2021 dan diprediksi baru tuntas pada Juni 2023.

Lamanya penyelesaian smelter, menurut AMNT, tidak lepas dari dampak pandemi Covid-19 sehingga mengharuskan pen-jadwalan kembali terhadap proyek smelter tersebut.

Presiden Direktur AMNT Rachmat Makkasau menjelaskan bahwa pada akhir April 2021, perseroan akan membentuk divisi pembangunan smelter.

“Target kami Juni 2021 dimulai aktivitas pembangunan dan pada kuartal keempat dimulai tahap konstruksi,” jelas Rachmat melalui siaran pers, Kamis (22/4/2021). Adapun, akibat pandemi Covid-19, kapa-sitas input smelter tembaga AMNT yang semula direncanakan mencapai 1,3 juta ton per tahun juga telah disesuaikan men-jadi 900.000 ton per tahun.

Sementara itu, untuk tahun ini, AMNT telah memperoleh perpanjangan selama 1 tahun untuk izin ekspor konsentrat tembaga sebesar 579.444 wet metric ton. Editor : Lili Sunardi

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This is what the expert said to

increase the 'treasure' of

Indonesian coal

Anisatul Umah, CNBC Indonesia

I

NDONESIA is awarded natural resources

in the mining sector, one of which is coal. Indonesia is even listed as the third largest coal producer in the world, after China and India.

But unfortunately, in terms of reserves, Indonesia only occupies the seventh position in the world.

Then, what steps must be taken so that Indonesia's coal reserves can increase? Yoseph Swamidharma, Deputy Chairman of the Indonesian Geological Experts Association (IAGI) for Mineral and Coal, said that to increase reserves, exploration is needed.

However, in order for this exploration to be massive, this needs to be carried out simultaneously with mining activities so that the company's financial balance is also maintained.

"The strategy to encourage exploration is carried out with the obligation to carry out further exploration along with mining so that the balance is maintained," he told CNBC Indonesia, Tuesday (13/07/2021). He explained that initial exploration had been carried out in all coal areas in Indonesia. That is, what needs to be done now is to increase inventory or reserves from exploration data into resources and reserves.

Begini Kata Ahli Biar 'Harta

Karun' Batu Bara RI Nambah

R

I dianugerahi sumber daya alam di

sektor pertambangan, salah satunya batu bara. Indonesia bahkan tercatat sebagai produsen batu bara terbesar ketiga di dunia, setelah China dan India.

Namun sayangnya, dari sisi cadangan, Indonesia hanya menduduki di posisi ketujuh dunia.

Lalu, bagaimana langkah yang mesti ditempuh agar cadangan batu bara RI bisa meningkat?

Yoseph Swamidharma, Wakil Ketua Ikatan Ahli Geologi Indonesia (IAGI) Bidang Mineral dan Batu Bara, mengatakan untuk menambah cadangan, maka diperlukan eksplorasi.

Namun demikian, agar eksplorasi ini masif, ini perlu dilakukan bersamaan dengan aktivitas penambangan agar neraca keuangan perusahaan juga terjaga.

"Strategi mendorong eksplorasi dilakukan dengan kewajiban melakukan eksplorasi lanjutan bersamaan dengan penambangan agar neracanya terjaga," ungkapnya kepada CNBC Indonesia, Selasa (13/07/ 2021).

Dia menjelaskan, eksplorasi awal sudah pernah dilakukan di semua daerah batu bara di Indonesia. Artinya, yang perlu dilakukan saat ini adalah meningkatkan inventori atau cadangan dari data hasil eksplorasi menjadi sumber daya dan cadangan.

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Daily News Update Page 10 "So the exploration in question should be

carried out in the form of further exploration and improvement of processing technology," he said.

However, considering that the world is currently competing to abandon the use of coal, this diminishing market prospect is also one of the obstacles to further exploration activities.

"The main obstacle from further exploration activities is of course the market prospect that is moving away from coal which is considered not environ-mentally friendly," he said.

Although the price of coal is currently experiencing a spike, according to him, exploration activities will only increase if accompanied by the discovery and implementation of environmentally friendly processing technologies.

Without this technology, he add ed, exploration will only be carried out to the extent of further exploration requirements made by the government in order to improve statistics on the inventory of state assets, which will not necessarily be pursued for economic purposes.

"So, even in the midst of the current price increase, exploration will only increase if it is accompanied by the discovery and implementation of environmentally friendly processing technologies," he said. The following are a number of countries with the largest proven coal reserves as of the end of 2020, as quoted from the BP Statistical Review 2021:

1. United States: 248.94 billion tons. 2. Russia: 162.17 billion tons.

3. Australia: 150.23 billion tons. 4. China: 143.19 billion tons. 5. India: 111.05 billion tons. 6. Germany: 35.9 billion tons. 7. Indonesia: 34.87 billion tons. (wia)

"Jadi sebaiknya eksplorasi yang dimaksud dapat dilakukan dalam bentuk eksplorasi lanjutan dan peningkatan teknologi peng-olahan," ujarnya.

Namun, mengingat saat ini dunia berlomba-lomba meninggalkan pemanfaatan batu bara, prospek pasar yang semakin sedikit ini juga menjadi salah satu kendala melakukan aktivitas eksplorasi lanjutan. "Kendala yang utama dari aktivitas eksplorasi lanjutan ini tentunya prospek pasar yang menjauh dari batu bara yang dianggap tidak ramah lingkungan," tuturnya.

Meski harga batu bara saat ini tengah mengalami lonjakan, namun menurutnya kegiatan eksplorasi hanya akan meningkat jika disertai dengan penemuan dan implementasi teknologi pengolahan yang ramah lingkungan.

Tanpa teknologi tersebut, imbuhnya, eksplorasi hanya akan dilakukan sebatas persyaratan eksplorasi lanjutan yang dibuat oleh pemerintah dalam rangka mem-perbaiki statistik inventarisasi sumber kekayaan negara yang belum tentu akan diusahakan untuk kepentingan ekonomi. "Jadi, walaupun di tengah kenaikan harga saat ini, eksplorasi akan naik hanya bila disertai dengan penemuan dan imple-mentasi teknologi pengolahan yang ramah lingkungan," ujarnya.

Berikut sejumlah negara dengan cadangan terbukti batu bara terbesar hingga akhir 2020, seperti dikutip dari BP Statistical Review 2021:

1. Amerika Serikat: 248,94 miliar ton. 2. Rusia: 162,17 miliar ton.

3. Australia: 150,23 miliar ton. 4. China: 143,19 miliar ton. 5. India: 111,05 miliar ton. 6. Jerman: 35,9 miliar ton.

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Antam Absorbs Exploration

Costs of Rp 25.86 Billion

By: Ahmad Nabhani

I

N THE SECOND quarter of 2021, PT

Aneka Tambang Tbk (ANTM) or Antam has used Rp25.86 billion to conduct mining exploration in potential areas.

Antam's SVP Corporate Secretary Yulan Kustiyan said in a press release in Jakarta yesterday that Antam's exploration activities focus on gold, nickel and bauxite commodities.

In addition, he continued, the company also managed forest area permits in prospect areas with a total unaudited preliminary expenditure in the second quarter of 2021 amounting to Rp25.86 billion.

Then, Antam conducted gold exploration in Pongkor, West Java. The company has carried out subsurface geological mapping, geological modeling and drilling at this location, Yulan continued.

Then during the second quarter of 2021, Antam explored the most areas for nickel. The Company has explored three areas, namely in Pomalaa and Tapunopaka, Southeast Sulawesi and Buli in North Maluku.

"In Pomalaa and Tapunopaka, the company carried out geological mapping, core piloting, logging cores, grid measurements and single tube drilling," said Yulan.

Meanwhile, in the Buli area, Yulan continued, the company has carried out geological mapping, core sampling, logging cores, surface sampling, track measure-ments and single tube drilling.

Antam Serap Biaya Eksplorasi

Rp 25,86 Miliar

Oleh: Ahmad Nabhani

D

I KUATAL dua 2021, PT Aneka Tambang

Tbk (ANTM) atau Antam telah mengguna-kan Rp25,86 miliar untuk melakumengguna-kan eksplorasi pertambangan di daerah yang berpotensi.

SVP Corporate Secretary Antam, Yulan Kustiyan dalam siaran persnya di Jakarta, kemarin mengungkapkan, kegiatan eksplo-rasi Antam berfokus pada komoditas emas, nikel dan bauksit.

Selain itu, lanjutnya, perusahaan juga melakukan pengurusan izin kawasan hutan di daerah prospek dengan jumlah pengeluaran preliminary unaudited pada triwulan II/2021 sebesar Rp25,86 miliar. Kemudian, Antam melakukan eksplorasi emas di Pongkor, Jawa Barat. Perusahaan telah melakukan pemetaan geologi bawah permukaan, pemodelan geologi dan pengeboran di lokasi ini, lanjut Yulan. Kemudian selama kuartal II/2021, Antam melakukan eksplorasi wilayah paling banyak untuk komoditas nikel. Perseroan telah mengeksplorasi tiga daerah yakni di Pomalaa dan Tapunopaka, Sulawesi Tenggara serta Buli di Maluku Utara. "Di Pomalaa dan Tapunopaka, perusahaan melakukan pemetaan geologi, percontohan core, logging core, pengukuran grid dan pemboran single tube," papar Yulan.

Sedangkan di daerah Buli, lanjut Yulan, perseroan telah melakukan pemetaan geologi, percontohan core, logging core, percontohan permukaan, pengukuran lintasan dan pemboran single tube.

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Daily News Update Page 12 In addition to these two sectors, the issuer

with the code ANTM is also exploring for bauxite. The company only conducts exploration in one area in West Kalimantan, namely Tayan.

"In the area, the activities carried out are grid measurements, geodetic GPS measurements, geological mapping, test pits, logging test pits, test pit pilots and rock samples," said Yulan.

Selain kedua sektor tersebut, emiten dengan kode ANTM ini melakukan eksplorasi bauksit. Perusahaan hanya melakukan eksplorasi di satu wilayah di Kalimantan Barat yakni Tayan.

"Di wilayah tersebut, kegiatan yang dilaku-kan yakni pengukuran grid, pengukuran GPS geodetik, pemetaan geologi, test pit, logging test pit, percontohan test pit dan percontoan batuan," kata Yulan.

Emergency PPKM has the

potential to slow down UNTR

sales, see the following

recommendations

Reporter: Hikma Dirgantara | Editor:

Wahyu T. Rahmawati

P

T UNITED Tractors Tbk (UNTR)

recorded a slowdown in heavy equipment sales in the last two months. In the short term, the trend of slowing sales is expected to continue. However, with coal prices still high and production being boosted, UNTR is considered to have no difficulty in achieving the heavy equipment sales target for this year.

Meanwhile, UNTR only managed to sell 167 units of heavy equipment last May or 24.2% of April's sales of 221 units. With this decline, UNTR continued its previous negative record, where sales of heavy equipment in April also fell 18.75% compared to March sales which reached 272 units.

However, cumulatively, UNTR's sales of heavy equipment this year are still much better than last year. During the first five months of this year,…

PPKM darurat berpotensi

memperlambat penjualan

UNTR, simak rekomendasi

berikut

Reporter: Hikma Dirgantara | Editor: Wahyu T. Rahmawati

P

T UNITED Tractors Tbk (UNTR)

men-catatkan perlambatan penjualan alat berat dalam dua bulan terakhir. Dalam jangka pendek, tren perlambatan penjualan diper-kirakan masih akan berlanjut. Walau begitu, dengan masih tingginya harga batubara serta digenjotnya produksi, UNTR dinilai tidak akan kesulitan mencapai target penjualan alat berat untuk tahun ini.

Adapun, UNTR hanya berhasil menjual 167 unit alat berat pada Mei kemarin atau 24,2% dari penjualan April yang sebanyak 221 unit. Dengan penurunan tersebut, UNTR melanjutkan catatan negatif sebelumnya, di mana penjualan alat berat pada April juga turun 18,75% dibandingkan penjualan Maret yang mencapai 272 unit.

Walau begitu, secara kumulatif, penjualan alat berat UNTR pada tahun ini masih jauh lebih baik dibandingkan tahun lalu. Sepanjang lima bulan pertama di tahun ini,…

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Daily News Update Page 13 During the first five months of this year,

UNTR has sold 1,076 units, up 38.5% compared to the same period in the previous year.

Entering June and July, RHB Sekuritas analyst Andrey Wijaya sees UNTR's heavy equipment sales potentially continuing to slow down again. “During the PPKM Emergency as it is today, sales of UNTR heavy equipment will slow down. Especially sales of heavy equipment used for the construction sector," said Andrey to Kontan.co.id, Tuesday (13/7).

Andrey is optimistic that UNTR's heavy equipment sales target this year can be achieved even though there is a potential for slowing down. Meanwhile, UNTR management targets to sell 2,500-2,600 units of heavy equipment this year.

According to him, in the future, the demand for heavy equipment for the mining sector, especially coal, will still be high. This is also supported by the increase in the price of coal itself and the government increasing the quota for coal production. In the end, to increase production, additional heavy equipment is needed.

Moreover, Andrey also sees that in the future the government will definitely loosen the Emergency PPKM policy when the positive number of Covid-19 drops. This is considered to be a driving force for UNTR's performance for the rest of this year.

Meanwhile, from the coal sector, UNTR's production as of May tended to be flat, at 46.6 million tons with a lower stripping ratio of 7.1x (5M20: 7.6x). However, UNTR's coal sales volume actually managed to increase by 8.4% yoy to 5.5 million tons in the same period. It is noted that the contribution of coking coal increased by 23.5%, compared to 15.4% in 5M20.

Sepanjang lima bulan pertama di tahun ini, UNTR telah menjual 1.076 unit atau naik 38,5% jika dibandingkan dengan periode yang sama pada tahun sebelumnya.

Memasuki Juni dan Juli, analis RHB Sekuritas Andrey Wijaya melihat penjualan alat berat UNTR berpotensi kembali melanjutkan perlambatan. “Di masa PPKM Darurat seperti saat ini, penjualan alat berat UNTR akan melambat. Terutama penjualan alat berat yang digunakan untuk sektor konstruksi,” kata Andrey kepada Kontan.co.id, Selasa (13/7).

Andrey optimistis target penjualan alat berat UNTR pada tahun ini bisa tercapai walau ada potensi melambat. Adapun, manajemen UNTR menargetkan bisa menjual alat berat sebanyak 2.500-2.600 unit pada tahun ini.

Menurutnya, ke depan permintaan alat berat untuk sektor pertambangan terutama batubara masih tinggi. Hal ini juga ditopang dengan kenaikan harga batubara itu sendiri serta pemerintah yang menaikkan kuota untuk produksi batubara. Pada akhirnya, untuk meningkatkan produksi maka dibutuhkan tambahan alat berat.

Lagipula, Andrey juga melihat pemerintah ke depan pasti akan melonggarkan kebijakan PPKM Darurat ketika angka positif Covid-19 turun. Hal ini dinilai akan turut menjadi pendorong kinerja UNTR pada sisa tahun ini.

Sementara dari sektor batubara, produksi UNTR hingga Mei kemarin cenderung datar, yakni sebanyak 46,6 juta ton dengan rasio pengupasan yang lebih rendah yakni 7,1x (5M20: 7,6x). Namun, volume penjualan batubara UNTR justru berhasil naik sebesar 8,4% secara yoy menjadi 5,5 juta ton pada periode yang sama. Tercatat, kontribusi batubara kokas mengalami kenaikan, yakni sebesar 23,5%, ber-banding 15,4% pada 5M20.

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Daily News Update Page 14 Then, the sales volume of gold recorded a

decline of 3.6% yoy to 148,000 oz during the first five months of this year. “UNTR management is still focused on being able to add more contracts to PAMA through big clients such as BUMI and PTBA. For this year, the discount given for coal contractor costs will be limited to around 30 percent of last year's incentives," added Andrey. For this year, Andrey projects that UNTR will record revenue of Rp. 69.32 trillion with a net profit of Rp. 9.48 trillion. He also gave a recommendation to buy UNTR shares with a target price of Rp 29,800 per share.

Lalu, dari penjualan volume emas tercatat mengalami penurunan 3,6% secara yoy menjadi 148.000 oz sepanjang lima bulan pertama di tahun ini. “Manajemen UNTR masih tetap fokus untuk bisa menambah lebih banyak kontrak untuk PAMA melalui klien besar seperti BUMI dan PTBA. Untuk tahun ini, jumlah diskon yang diberikan untuk biaya kontraktor batu bara akan dibatasi sekitar 30% dari insentif tahun lalu,” imbuh Andrey.

Untuk tahun ini, Andrey memproyeksikan UNTR akan membukukan pendapatan sebesar Rp 69,32 triliun dengan laba bersih Rp 9,48 triliun. Dia pun memberikan reko-mendasi untuk beli saham UNTR dengan target harga Rp 29.800 per saham.

This is the Government's

Strategy to Supervise Mineral

and Coal Mining Activities

Rio Indrawan

T

HE MINISTRY of Energy and Mineral

Resources (ESDM) continues to strengthen supervision of mineral and coal mining businesses (minerba) in Indonesia, because it must be admitted that there are still many "rogue" miners who carry out activities that are not according to regulations so that they can have a negative impact on the environment. Increased supervision is carried out by using a combination of machine learning and artificial intelligence technologies in image processing and geodatasets.

"We will continue to carry out integrated supervision using a combination of digital media so that improvements can be made immediately," said Sujatmiko, Director of Coal Business Development at the Ministry of ESDM in Jakarta, Tuesday (13/7).

Ini Strategi Pemerintah Awasi

Kegiatan Tambang Mineral dan

Batu Bara

Rio Indrawan

K

EMENTERIAN Energi dan Sumber Daya

Mineral (ESDM) terus memperkuat peng-awasan terhadap usaha pertambangan mineral dan batu bara (minerba) di Indonesia, karena harus diakui masih banyak penambang “nakal” yang melakukan kegiatannya tidak sesuai aturan sehingga bisa berikan dampak buruk bagi lingkungan. Peningkatan pengawasan dilakukan dengan penggunaan kombinasi teknologi machine learning dan artificial intelligence dalam pengolahan citra dan geodatasets.

“Kami akan terus melakukan pengawasan yang terpadu dengan menggunakan kombi-nasi media digital sehingga perbaikannya dapat dilakukan segera,” kata Sujatmiko, Direktur Pembinaan Pengusahaan Batu Bara Kementerian ESDM di Jakarta, Selasa (13/7).

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Daily News Update Page 15 According to Sujatmiko, the optimization of

this technology is expected to provide greater benefits to mining activities and increase the contribution of mineral and coal in advancing the national economy. According to data from the Ministry of ESDM, coal resources and reserves which currently reach 143.7 billion tons and 38.8 billion tons are utilized. With these resources and reserves, coal is still the mainstay to achieve energy security, energy affordability, and energy sustainability.

Sujatmiko admits that not a few people think of coal as dirty energy. However, he is optimistic that with the use of the right technology, coal can be processed into energy that is friendly to the environment. "Although many people say that coal is a dirty source of energy, actually coal can be used as an energy source that is sufficient and affordable for the community and cares about the environment," said Sujatmiko.

As a concern for environmental issues, the government continues to encourage the application of technology through clean coal technology.

"This certainly fulfills the mandate as an energy source with low carbon emissions," said Sujatmiko

According to Sujatmiko, the magnitude of the mineral and coal contribution can be seen from the contribution in the 2020 Non-Tax State Revenue (PNBP) of Rp 34.65 trillion and Rp 1.67 trillion for community development and empowerment (PPM). "Of course this is not a small amount of money for the national economy," he said. It was recorded that in 2020, national coal production reached a total of 564 million tons, of which 138 million tons were used for domestic needs.

Menurut Sujatmiko, optimalisasi teknologi ini diharapkan mampu memberikan manfaat yang lebih besar terhadap aktivitas pertam-bangan dan meningkatkan kontribusi minerba dalam memajukan perekonomian nasional. Dalam data Kementerian ESDM sumber daya dan cadangan batu bara yang saat ini men-capai 143,7 miliar ton dan 38,8 miliar ton dimanfaatkan. Dengan sumber daya dan cadangan tersebut maka batu bara masih menjadi andalan untuk mencapai ketahanan energi (energy security), keterjangkauan energi (energy affordability), dan keber-lanjutan energi (energy sustainability).

Sujatmiko mengakui tidak sedikit yang meng-anggap batu bara sebagai energi kotor. Namun dia optimistis dengan penggunaan teknologi tepat maka batu bara bisa diolah menjadi energi yang ramah terhadap lingkungan. “Walaupun banyak orang mengatakan batu bara ini sebagai sumber energi yang kotor, namun sesungguhnya batu bara bisa diguna-kan untuk sumber energi yang berkecukupan dan terjangkau untuk masyarakat dan peduli terhadap lingkungan,” ungkap Sujatmiko. Sebagai kepedulian atas isu lingkungan, pemerintah terus mendorong penerapan teknologi melalui clean coal technology. “Ini tentu memenuhi amanat sebagai sumber energi yang low carbon emission,” kata Sujatmiko

Menurut Sujatmiko, besarnya kontribusi minerba dapat dilihat dari sumbangsih dalam Penerimaan Negara Bukan Pajak (PNBP) tahun 2020 sebesar Rp34,65 triliun dan Rp1,67 triliun untuk pengembangan dan pemberdayaan masyarakat (PPM).

“Tentu ini bukan (jumlah) uang yang sedikit bagi perekonomian nasional,” tegas dia. Tercatat pada 2020 lalu, produksi batu bara nasional mencapai total 564 juta ton dimana 138 juta ton digunakan untuk kebutuhan dalam negeri.

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Daily News Update Page 16 With coal until now the government is still

able not to increase the price of electricity tariffs.

"You can imagine that if there is no coal, our electricity (tariff) will not be as cheap as it is today," said Sujatmiko. (RI)

Dengan batu bara hingga kini pemerintah masih bisa untuk tidak menaikkan harga tarif listrik.

“Bisa dibayangkan kalau tidak ada batu bara, (tarif) listrik kita tidak semurah saat ini,” kata Sujatmiko. (RI)

Coal Prices 'Rage',

Entrepreneurs Still Averse to

Exploration?

C

OAL prices are currently experiencing an

upward trend, even the July 2021 Coal Reference Price (HBA) is the highest in the last ten years.

In yesterday's trading, Monday (12/07/ 2021), the price of coal in the ICE Newcastle (Australia) market was at US$ 136.4 per ton, up 0.22% compared to last Friday's trading (09/07). /2021).

Based on CNBC Indonesia's research, coal prices have shot up 15.81% in the past month.

Then, what is the impact of the increase in coal prices on exploration activities to increase reserves? Are miners still reluctant to explore?

Executive Director of the Indonesian Coal Mining Association (APBI) Hendra Sinadia said, amid soaring coal prices, large companies and owners of large reserves may be able to intensify exploration. However, for companies whose reserves only last for three to five years, according to him, they may think again about exploring. This is because exploration costs a lot and carries a high risk.

Harga Batu Bara 'Ngamuk',

Pengusaha Masih Ogah

Eksplorasi?

H

ARGA batu bara saat ini sedang mengalami

tren kenaikan, bahkan Harga Batu Bara Acuan (HBA) Juli 2021 menjadi yang tertinggi dalam sepuluh tahun terakhir.

Pada perdagangan kemarin, Senin (12/07/ 2021), harga batu bara di pasar ICE Newcastle (Australia) berada pada pada posisi US$ 136,4 per ton, naik 0,22% dibandingkan perda-gangan Jumat akhir pekan lalu (09/07/2021). Berdasarkan riset CNBC Indonesia, harga batu bara sudah melesat 15,81% dalam sebulan terakhir.

Lalu, bagaimana dampak dari kenaikan harga batu bara pada kegiatan eksplorasi untuk meningkatkan cadangan? Apakah penambang masih enggan melakukan eksplorasi?

Direktur Eksekutif Asosiasi Pertambangan Batu Bara Indonesia (APBI) Hendra Sinadia menga-takan, di tengah melonjaknya harga batu bara, perusahaan besar dan pemilik cadangan besar kemungkinan bisa menggiatkan eksplorasi. Akan tetapi, bagi perusahaan yang cadangannya hanya bertahan untuk tiga sampai lima tahun, menurutnya kemungkinan akan berpikir lagi untuk melakukan eksplorasi. Hal ini dikarena-kan eksplorasi butuh biaya besar dan memiliki risiko yang tinggi.

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Daily News Update Page 17 "Of course, those with large capabilities

and long reserves can do exploration, but for small companies, they will think again. Exploration requires large costs and high risks," he told CNBC Indonesia, Tuesday (13/07/2021).

According to him, although there are companies that are financially capable, not all of them are willing to explore because of the large costs incurred.

"But not everyone wants to explore again, rather than spending big money," he continued.

According to him, the success ratio (success ratio) of mineral and coal exploration in Indonesia is still relatively low, which is only 2% compared to the global average of 4%.

Thus, this is also a consideration for miners to explore and find new reserves. "Moreover, the success ratio is small, Indonesia is below the global average," he added.

Hendra explained that when compared to minerals, exploration from coal is a little easier. In the exploration process it is necessary to take samples (sampling) and drilling (drilling). From the existing samples, how many reserves and quality are tested.

"Not all areas have the same quality. In addition, sometimes permits already exist, but the community hinders them, so risk factors are formed," he explained.

The July 2021 HBA was US$ 115.35 per ton, up nearly 15% from the June 2021 HBA of US$ 100.33 per ton. Based on data from the Ministry of ESDM, the HBA in July 2021 was the highest in the last 10 years. Indonesia is the third largest coal producer in the world, after China and India, but it is not the owner of the largest reserves in the world.

"Tentu yang punya kemampuan besar dan cadangan panjang bisa lakukan eksplorasi, tapi bagi perusahaan kecil, mereka bakal pikir ulang. Eksplorasi itu butuh biaya besar dan risiko yang tinggi," ungkapnya kepada CNBC Indonesia, Selasa (13/07/2021). Menurutnya, meski ada perusahaan mampu secara finansial, namun tidak semuanya mau melakukan eksplorasi karena besarnya biaya yang dikeluarkan.

"Tapi nggak semua mau eksplorasi lagi, daripada keluar biaya gede," lanjutnya. Menurutnya, rasio keberhasilan (success ratio) eksplorasi mineral dan batu bara di RI masih terhitung rendah, yakni hanya 2% dibandingkan dengan rata-rata global sebesar 4%.

Dengan demikian, ini juga menjadi pertim-bangan penambang minim lakukan eksplo-rasi dan temukan cadangan baru.

"Apalagi success ratio kecil, Indonesia di bawah rata-rata global," imbuhnya.

Hendra menjelaskan jika dibandingkan dengan mineral, eksplorasi dari batu bara sedikit lebih mudah. Dalam proses eksplo-rasi perlu dilakukan pengambilan sample (sampling) dan pengeboran (drilling). Dari sample yang ada, dites berapa cadangannya dan kualitasnya.

"Gak semua wilayah punya kualitas sama. Selain itu, kadang izin sudah ada, tapi masyarakat menghambat, jadi faktor risiko terbentuk," paparnya.

HBA bulan Juli 2021 sebesar US$ 115,35 per ton, naik hampir 15% dari HBA Juni 2021 US$ 100,33 per ton. Berdasarkan data Kementerian ESDM, HBA di bulan Juli 2021 ini menjadi yang tertinggi dalam kurun waktu 10 tahun terakhir.

Indonesia merupakan produsen batu bara terbesar ketiga dunia, setelah China dan India, tapi ternyata bukanlah pemilik cadangan terbesar di dunia.

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Daily News Update Page 18 Based on BP Statistical Review 2021 data,

the country with the largest coal reserves in the world is the United States with a total of 248.94 billion tons. It is a proven backup data recorded until the end of 2020.

After the United States, Russia occupies the second position with proven coal reserves reaching 162.17 billion tons.

Indonesia is even below Germany for the number of proven coal reserves of 34.87 billion tons, while Germany reached 35.9 billion tons by the end of 2020.

The following are a number of countries with the largest proven coal reserves as of the end of 2020, as quoted from the BP Statistical Review 2021:

1. United States: 248.94 billion tons. 2. Russia: 162.17 billion tons.

3. Australia: 150.23 billion tons. 4. China: 143.19 billion tons. 5. India: 111.05 billion tons. 6. Germany: 35.9 billion tons. 7. Indonesia: 34.87 billion tons.

Based on data from the Geological Agency of the Ministry of Energy and Mineral Resources (ESDM), as of July 2020, Indonesia's total coal resources reached 148.7 billion tons and reserves were 39.56 billion tons. (wia)

Berdasarkan data BP Statistical Review 2021, negara yang memiliki cadangan batu bara terbesar di dunia yaitu Amerika Serikat dengan jumlah 248,94 miliar ton. Itu merupa-kan data cadangan terbukti yang tercatat hingga akhir 2020.

Setelah Amerika Serikat, posisi kedua di-duduki oleh Rusia dengan jumlah cadangan terbukti batu bara tercatat mencapai 162,17 miliar ton.

Indonesia bahkan berada di bawah Jerman untuk jumlah cadangan terbukti batu bara yakni 34,87 miliar ton, sementara Jerman mencapai 35,9 miliar ton hingga akhir 2020.

Berikut sejumlah negara dengan cadangan terbukti batu bara terbesar hingga akhir 2020, seperti dikutip dari BP Statistical Review 2021:

1. Amerika Serikat: 248,94 miliar ton. 2. Rusia: 162,17 miliar ton.

3. Australia: 150,23 miliar ton. 4. China: 143,19 miliar ton. 5. India: 111,05 miliar ton. 6. Jerman: 35,9 miliar ton. 7. Indonesia: 34,87 miliar ton.

Berdasarkan data Badan Geologi Kemen-terian Energi dan Sumber Daya Mineral (ESDM), status per Juli 2020, jumlah sumber daya batu bara RI mencapai 148,7 miliar ton dan cadangan 39,56 miliar ton.

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The Largest Coal Producer in

Indonesia for the First Quarter

of 2021

Author: Edo Fernando, Editor: Ocky PR.

T

HE MINISTRY of Energy and Mineral

Resources (ESDM) publishes the amount of coal production by domestic mining companies, for the first quarter of 2021. The total coal produced by the coal mining company reached 144 million tons for the month of January to March this year. This shows that the pandemic outbreak has not put significant pressure on production activities and consumption of the black gold commodity.

The increase in coal production in a number of coal mining companies in the country cannot be separated from the increasingly volatile coal prices, both in the domestic market and the global market in recent months.

A week ago, the price of coal for the July 2021 ICE Newcastle contract was at USD131 per tonne. The price of that size has experienced a previous surge of 63.75 percent when compared to the same period in 2020.

This price is also the highest price on record since January 2011 and it is believed that the positive movement of coal prices will continue until the end of the year.

Meanwhile, the company that produces the most coal during the first quarter of 2021 is PT Kaltim Prima Coal (KPC), which is a company owned by the Bakrie Group. For information,…

Produsen Batubara Terbesar di

Indonesia Periode Kuartal I

2021

Penulis: Edo Fernando, Editor: Ocky PR.

K

EMENTERIAN Energi dan Sumber Daya

Mineral (ESDM) mempublikasikan besaran produksi batuabara oleh perusahaan-perusahaan tambang dalam negeri, untuk periode kuartal pertama tahun 2021 ini. Total batu bara yang dihasilkan oleh perusahaan tambang batu bara itu mencapai 144 juta ton untuk bulan Januari sampai dengan Maret tahun ini. Hal ini menunjukkan bahwa wabah pandemi tidak memberikan tekanan yang berarti pada kegiatan produksi dan juga konsumsi komoditas emas hitam tersebut. Meningkatnya produksi batu bara di sejumlah perusahaan tambang batu bara Tanah Air, tidak lepas dari semakin moncernya harga batu bara baik itu di pasar domestik ataupun pasar global dalam beberapa bulan terakhir. Pada seminggu yang lalu, harga batu bara untuk kontrak bulan Juli 2021 ICE Newcastle berada di angka USD131 per ton. Adapun harga sebesar itu telah mengalami lonjakan sebelumnya sebesar 63,75 persen jika dibandingkan dengan periode yang sama tahun 2020 lalu.

Harga itu juga menjadi rekor harga paling tinggi sejak bulan Januari tahun 2011 silam dan diyakini, pergerakan positif harga batu bara akan terus terjadi sampai dengan akhir tahun.

Sementara itu, untuk perusahaan yang paling banyak memproduksi batu bara sepanjang kuartal pertama tahun 2021 ini adalah PT Kaltim Prima Coal (KPC) yang merupakan perusahaan milik Grup Bakrie. Sebagai informasi,…

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Daily News Update Page 20 For information, the Bakrie Group also

owns another coal mining company, namely PT Arutmin Indonesia.

The two coal companies belonging to the Bakrie Group control coal mining areas in the Kalimantan region. In second place is a coal company whose shares are owned by Garibaldi Thohir, who is the brother of SOE Minister Erick Thohir, namely PT Adaro Indonesia. In third place is PT Kideco Jaya Agung, which is a subsidiary of PT Indika Energy Tbk (INDY).

The following is a list of 10 coal companies with the largest production achievements in the first quarter of 2021:

1. Kaltim Prima Coal 2. Adaro Indonesia 3. Kideco Jaya Agung 4. Indobara Borneo 5. Berau Coal 6. Bara Tabang 7. Arutmin Indonesia 8. Bukit Asam

9. Multi Harapan Utama 10. Ganda Alam Makmur.

Sebagai informasi, Grup Bakrie juga memiliki perusahaan pertambangan batu bara lainnya, yakni PT Arutmin Indonesia. Kedua perusahaan batu bara milik Grup Bakrie itu menguasai lahan tambang batu bara di wilayah Kalimantan. Di posisi kedua adalah perusahaan batu bara yang sahamnya dimiliki oleh Garibaldi Thohir, yang merupakan kakak dari Menteri BUMN Erick Thohir, yakni PT Adaro Indonesia. Di peringkat ketiga ada PT Kideco Jaya Agung, yang merupakan anak usaha dari PT Indika Energy Tbk (INDY).

Berikut daftar 10 perusahaan batu bara dengan capaian produksi terbesar di kuartal pertama tahun 2021 ini:

1. Kaltim Prima Coal 2. Adaro Indonesia 3. Kideco Jaya Agung 4. Borneo Indobara 5. Berau Coal 6. Bara Tabang 7. Arutmin Indonesia 8. Bukit Asam

9. Multi Harapan utama 10. Ganda Alam Makmur.

Touch US$142/Ton, Coal Price

Prints the Highest Record!

Hidayat Setiaji, CNBC Indonesia

C

OAL prices rose again in yesterday's

trading. Not just any increase, but set a new record.

Yesterday, the price of coal on the ICE Newcastle (Australia) market was recorded at US$ 142/ton. It was up 4.11% from the previous day and hit a record high since at least late 2008.

Sentuh US$142/Ton, Harga

Batubara Cetak Rekor Tertinggi!

Hidayat Setiaji, CNBC Indonesia

H

ARGA batu bara kembali naik pada

perdagangan kemarin. Bukan sembarang naik, tetapi mencatat rekor baru.

Kemarin, harga batu bara di pasar ICE Newcastle (Australia) tercatat US$ 142/ton. Melonjak 4,11% dari hari sebelumnya dan mencetak rekor tertinggi setidaknya sejak akhir 2008.

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Daily News Update Page 21 The high demand is still the controller of

the price of the black stone. China's customs authorities reported that China's coal imports in June 2021 were 28.4 million tons. An increase of 12.3% compared to the same period last year (year-on-year/yoy).

Meanwhile, compared to May 2020 (month-to-month/mtm), China's coal imports shot up 34.9%. During the first semester of 2021, Panda's coal imports were recorded at 136.9 million tons. In addition, concerns about the decline in supply also make coal prices 'fly'. This is because the corona virus pandemic (Coronavirus Disease-2019/Covid-19) attacks coal-producing areas in Indonesia. Last week, East Kalimantan Province recorded the largest daily positive case outside Java. The level of hospital bed availability (Bed Occupancy Rate/BOR) has reached 73% as of yesterday, one of the highest in Indonesia.

"The spread of Covid-19 in East Kalimantan has reached all regions, not only urban areas. Many miners have been infected, although they have not stopped operations," said Andi Muhammad Ishak, Spokesperson for the East Kalimantan Covid-19 Task Force, as quoted by Reuters. Although coal mining operations are still normal, if the pandemic gets 'wild', there is still a risk of termination. This means that the supply of coal from Indonesia could be disrupted.

Indonesia is the world's largest coal exporter. In 2019, the US Energy Information Administration recorded that Indonesia's coal exports reached 467.74 million tons. Therefore, supply disruptions from Indonesia will greatly affect the world market as well as prices. CNBC INDONESIA RESEARCH TEAM (aji/aji)

Tingginya permintaan masih menjadi pengatrol harga si batu hitam. Otoritas kepabeanan China melaporkan impor batu bara Negeri Tirai Bambu pada Juni 2021 adalah 28,4 juta ton. Melonjak 12,3% dibandingkan periode yang sama tahun lalu (year-on-year/yoy).

Sementara dibandingkan Mei 2020 (month-to-month/mtm), impor batu bara China melesat 34,9%. Sepanjang semester I-2021, impor batu bara Negeri Panda tercatat 136,9 juta ton.

Selain itu, kekhawatiran soal penurunan pasokan juga membuat harga batu bara 'terbang'. Ini karena pandemi virus corona (Coronavirus Disease-2019/Covid-19) menye-rang daerah produsen batu bara di Indonesia. Pekan lalu, Provinsi Kalimantan Timur mencatatkan kasus positif harian terbesar di luar Pulau Jawa. Tingkat ketersediaan tempat tidur rumah sakit (Bed Occupancy Rate/BOR) sudah mencapai 73% per kemarin, salah satu yang tertinggi di Indonesia.

"Penyebaran Covid-19 di Kalimantan Timur sudah mencapai seluruh wilayah, tidak hanya perkotaan. Banyak penambang yang terinfeksi, meski belum sampai membuat operasi terhenti," kata Andi Muhammad Ishak, Juru Bicara Satgas Covid -19 Kalimantan Timur, seperti dikutip dari Reuters.

Meski operasional tambang batu bara masih normal, tetapi jika pandemi semakin 'liar' tetap ada risiko penghentian. Artinya, pasokan batu bara dari Indonesia bisa terganggu.

Indonesia eksportir batu bara terbesar dunia. Pada 2019, US E nergy Information Administration mencatat ekspor batu bara Indonesia mencapai 467,74 juta ton. Oleh karena itu, gangguan pasokan dari Indonesia akan sangat mempengaruhi pasar dunia dan juga harga. TIM RISET CNBC INDONESIA (aji/aji)

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Indonesian 3Q21 coal exports could surge to 109mt amid strong Far

East demand

Pranay Shukla, MICS, F.NMIS

A

S PER the IHS Markit's Commodities at Sea, Indonesian coal shipments during June 2021

stood at 35.3mt (up 25 percent y/y). In terms of regions, shipments from East Kalimantan, South Kalimantan, and Sumatra stood at 18.9mt (up 9 percent y/y), 11.0mt (up 56 percent), and 3.7mt (up 61 percent), respectively.

Renewed COVID-19 outbreaks are slowing the economic recovery in the country and putting pressure on fiscal shortfalls. However, there is an increase in taxes from coal exports due to an increase in international demand in addition to the surge in coal prices. As per the Ministry of Energy and Mineral Resources of Indonesia, the monthly benchmark coal price (HBA) basis, 6300 GAR surged further in July 2021 and announced at $115.35/t (highest since November 2011), up 15 percent m/m and 121 percent y/y. HBA prices after bottoming out in September 2020 have been on an upward trajectory driven by strong demand from China (Mainland) and lately from Japan and South Korea.

Indonesian coal shipments during June 2021, to Mainland China, which accounts for 53 percent of total Indonesian coal export, stood at 18.6mt (up 15 percent m/m, and 70 percent y/y). While shipments to India stood at 4.5mt (down 25 percent m/m and 14 percent y/y). Shipments to South Korea, Japan, Malaysia, and Taiwan stood at 1.5mt (up 20 percent m/m, but still down 13 percent y/y), 1.1mt (down 21 percent m/m, and 39 percent y/y), 2.2mt (up 22 percent m/m, and 31 percent y/y), and 1.9mt (down 13 percent m/m, and 7 percent y/y), respectively.

The surge in Indonesian coal shipments to Mainland China is an attempt by the utilities in the Mainland to build stocks ahead of peak season coupled with an ongoing informal ban on imports of Australian coal. Shipments to India declined as buyers increased their reliance on Australian thermal coal.

In terms of vessel demand, during June 2021, there were increased loadings on Newcastlemax (0.6mt, versus no shipment a year ago), Capesize (2.3mt, up 99 percent y/y), Mini Cape (0.8mt, up 717 percent), Kamsarmax (5.2mt, up 14 percent), Panamax (12.6mt, up 30 percent), and Supramax (6.7mt, up 12 percent). Shipments declined on Post Panamax (2.9mt, down 7 percent y/y) and Ultramax (1.8mt, down 5 percent).

Overall, during the first six months of 2021, Indonesian coal shipments stood at 203.2mt (up 6 percent y/y). In terms of regions, shipments from East Kalimantan, South Kalimantan, and Sumatra stood at 109.9mt (up 3 percent y/y), 60.2mt (up 4 percent), and 23.0mt (up 35 percent), respectively.

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Daily News Update Page 23 In terms of major destinations, during 1H2021, there was an increase in shipments only to Mainland China (87.5mt, up 31 percent y/y) and Taiwan (11.6mt, up 12 percent); while declined to Japan (10.5mt, down 28 percent), South Korea (9.1mt, down 21 percent) and Malaysia (11.7mt, down 11 percent). Shipments to India were mostly flat and at almost previous year levels of 42.0mt.

In terms of vessel segment, during the first half of 2021, there was a surge in loadings on Panamax (67mt, up 18 percent), and Capesize (17.8mt, up 31 percent). Indonesian coal shipments declined on Kamsarmax and Supramax, which stood at 24.1mt (down 8 percent y/y) and 39.8mt (down 11 percent), respectively.

Short-Medium term outlook

For the first 10 days of July 2021, Indonesian coal shipments stood at 17.6mt (52.9mt on a 30-Day basis, up 93 percent y/y). In terms of exporting regions, on a 30-day basis, East Kalimantan, South Kalimantan, and Sumatra stood at 30.4mt (up 92 percent y/y), 15.8mt (up 116 percent), and 4.6mt (up 69 percent), respectively. The calculated PACE is quite high and is expected to slow down in the remaining days of the month.

Indonesian coal shipments for July 2021 are forecast at 38.4mt, with shipments to Mainland China, India, South Korea, and Japan are calculated at 19.5mt, 4.5mt, 2mt, and 2.2mt, respectively. Indonesian coal shipments to Mainland China have remained quite strong as domestic supply is reported to be below levels as the country enters the peak summer season. Lately, there are reports of strong electricity demand in Mainland China due to high temperatures.

For 3Q21 and full 2021, Indonesian coal exports are forecast at 109mt (up 33 percent y/y) and 414mt (up 10 percent y/y), respectively. In terms of imports countries during 3Q21 and 2021, shipments to Mainland China, India, South Korea, and Japan are forecast at 50.9mt/174mt, 14.5mt/77mt, 6.6mt/22mt, and 7mt/25mt, respectively.

Minister of Finance Sri Mulyani Indrawati on 28 June 2021 presented to parliament major amendments to Indonesia's main tax law to increase government revenue and reduce greenhouse gas emissions. The government's amendments to the General Principles of Taxation bill proposed an increase to the rate and scope of value-added tax (VAT), a new carbon tax, an increase to the top-rate of personal income tax, and the introduction of another round of the tax amnesty program.

The bill proposes a minimum carbon tax rate of IDR75 (USD0.0052) per kg of CO2 equivalent of emissions. The bill only stipulates that a carbon tax shall apply to goods that contain carbon or activities that produce carbon emissions. The sectors to be taxed and the rate that will be imposed on specific goods and industries will be elaborated in government regulation on carbon pricing that is currently being drafted and through further ministerial-level regulations. Associations representing coal, petrochemical, and cement industries are opposed to the carbon tax. Although they are unlikely to be able to stop its imposition on their sectors, they will probably seek a lower rate and exemptions or delay its implementation at least until the COVID-19 pandemic is better controlled.

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Daily News Update Page 24 Posted 13 July 2021 by Pranay Shukla, MICS, F.NMIS, Associate Director, Maritime & Trade, IHS Markit

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Copper price slides as China vows measures to ease commodity prices

MINING.COM Staff Writer

T

HE COPPER price fell on Tuesday after China declared it will keep its economic operations

within a reasonable range over the next 18 months and take “comprehensive measures” to ease rising commodity prices.

Copper for delivery in September fell 0.5% from Monday’s settlement price, touching $4.297 per pound ($9,453 per tonne) midday Tuesday on the Comex market in New York.

Giving an outlook for the second half of 2021 and next year at a meeting with economic experts and entrepreneurs on Monday, Premier Li Keqiang said China would maintain continuity and stability in its macro policies and would not resort to flood-like stimulus. China’s central bank last week said it would cut the amount of cash banks must hold as reserves, releasing around 1 trillion yuan ($154.5 billion) in long-term liquidity to underpin a post-covid-19 recovery that is starting to lose momentum.

The domestic and international environment remains complicated and there are many uncertain and unstable factors, Li was cited.

“In particular, the sharp rise in commodity prices has increased companies’ costs,” he added. “Small, medium and micro-enterprises have greater difficulties.”

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