TABLE OF CONTENTS. No. Title Media Source Page

(1)

Daily News Update Page 1

The spike in gas prices was due to concerns that repairs to the Nord Stream gas line could not be completed on schedule, namely 11-21 July 2022. As is well known, Russia will temporarily close the Nord Stream 1 pipeline for annual maintenance. The summer maintenance activity, which runs under the Baltic Sea from Russia to Germany, is scheduled to last from July 11 to July 21.

But many fear the Kremlin is using planned maintenance activities to turn off the taps of the European Union's (EU) largest gas import infrastructure forever.

If the treatment is not completed on time, gas prices are expected to penetrate EUR 250. The price spike will seep into coal prices considering that black rock is an alternative energy source.

"If Nord Stream maintenance is not completed by 21 July, there will be a supply loss of up to 67mcmc/day. I don't think this will be covered by coal alone," said Klaas Dozeman of Brainchild Commodity Intelligence, as quoted by Montel News.

Harga batu bara kembali terbang pada awal Juli sebagai dampak dari keputusan Rusia untuk memangkas pasokan gas ke Eropa. Keputusan tersebut membuat harga gas melesat sehingga negara-negara Eropa kembali menghidupkan pembangkit listrik batu bara mereka.

Lonjakan harga batu bara pada perdagangan kemarin juga masih masih dipicu oleh melesatnya harga gas alam Eropa. Faktor lainnya adalah gangguan cuaca di Australia yang merupakan eksportir terbesar untuk batu bara metalurgi dan terbesar kedua untuk batu bara termal.

Harga gas alam EU Dutch TTF (EUR) yang menjadi patokan Eropa menyentuh EUR 183 per megawatt-jam kemarin, rekor tertinggi sejak Maret 2022. Harga tersebut melonjak 131% dalam sebulan dan 450% dalam setahun.

Lonjakan harga gas disebabkan kekhawatiran jika perbaikan pada saluran gas Nord Stream tidak bisa selesai sesuai jadwal yakni 11-21 Juli 2022. Seperti diketahui, Rusia akan menutup sementara pipa Nord Stream 1 untuk pemeliharaan tahunan. Kegiatan pemeliharaan musim panas, yang berada di bawah Laut Baltik dari Rusia ke Jerman, dijadwalkan berlangsung dari 11 Juli hingga 21 Juli.

Namun banyak pihak khawatir Kremlin meng- gunakan kegiatan pemeliharaan terencana untuk mematikan keran infrastruktur impor gas terbesar Uni Eropa (UE) selamanya.

Jika perawatan tersebut tidak selesai tepat waktu, harga gas diperkirakan bisa menembus EUR 250. Lonjakan harga akan merembes ke harga batu bara mengingat batu hitam adalah sumber energi alternatif.

"Jika perawatan Nord Stream tidak selesai pada 21 Juli, akan ada kehilangan pasokan hingga 67mcmc/hari. Saya kira ini tidak akan mampu hanya ditutupi oleh batu bara semata,"

tutur Klaas Dozeman dari Brainchild Commodity Intelligence, seperti dikutip dari Montel News.

Weather disturbances and flooding in Australia are also the drivers of price increases. Floods forced the Australian Rail Track Corporation to shut down the Hunter Valley rail network in New South Wales on Tuesday night.

(5)

The closure of the rail network has restricted coal shipping traffic to the Port of Newcastle. In fact, the port is the largest coal export hub in the world.

"The flood has affected the ARTC rail network so that coal deliveries cannot be carried out from Tuesday. However, we hope that this service can resume running as soon as possible," said a spokesman for Port Waratah Coal Services at the port of Newcastle as quoted by Montel News. CNBC INDONESIA RESEARCH TEAM (mae/mae)

Gangguan cuaca serta banjir di Australia juga menjadi pendorong kenaikan harga. Banjir memaksa Australian Rail Track Corporation

menutup jaringan kereta Hunter Valley di New South Wales pada Selasa malam waktu.

Penutupan jaringan rel kereta membatasi lalu lintas pengiriman batu bara menuju Pelabuhan Newcastle. Padahal, pelabuhan tersebut adalah hub ekspor batu bara terbesar di dunia.

"Banjir berdampak kepada jaringan rel kereta ARTC sehingga pengiriman batu bara tidak bisa dilakukan dari Selasa. Namun, kami berharap layanan ini bisa kembali berjalan secepatnya," tutur juru bicara Port Waratah Coal Services di pelabuhan Newcastle seperti dikutip dari Montel News.

TIM RISET CNBC INDONESIA (mae/mae)

BUMI Holds GMS on July 29, Asks for Private Placement

Author: Mutiara Nabila

B

AKRIE Group coal mining issuer PT Bumi Resources Tbk. (BUMI) will hold a general meeting of shareholders (GMS) on July 29, 2022. One of the agendas discussed is Capital Increase Without Giving Pre- emptive Rights (PMTHMETD) or private placement.

BUMI's management announced that the company will hold a GMS and Extra- ordinary GMS (EGMS) on July 29, 2022 at 14.30 WIB at the JS Luwansa Hotel, Jakarta.

One of the GMS agenda was to reaffirm the granting of authority to the Board of Commissioners and the Board of Directors to issue new shares in connection with...

BUMI Gelar RUPS pada 29 Juli, Minta Restu Private Placement

Author: Mutiara Nabila

E

MITEN tambang batu bara Grup Bakrie PT Bumi Resources Tbk. (BUMI) akan meng- gelar rapat umum pemegang saham (RUPS) pada 29 Juli 2022. Salah satu agenda yang dibahas ialah Penambahan Modal Tanpa Memberikan HMETD (PMTHMETD) atau private placement.

Manajemen BUMI mengumumkan perseroan akan mengadakan RUPS dan RUPS Luar Biasa (RUPSLB) pada 29 Juli 2022 pada 14.30 WIB di Hotel JS Luwansa, Jakarta.

Salah satu agenda RUPS penegasan kembali atas pemberian kewenangan kepada Dewan Komisaris dan Direksi untuk menerbitkan saham-saham baru sehubungan dengan...

to issue new shares in connection with the conversion of Mandatory Convertible Bonds (OWK) issued by the company, as approved by the EGMS on 7 February 2017 and 14 January 2022.

(6)

Meanwhile, in the EGMS, one of the agendas is the approval of the plan to increase capital without pre-emptive rights in order to improve the financial position as referred to in Article 3(a) of FSA Regulation No. 14/POJK.04/2019 con-cerning Amendments to FSA Regulation No.

32/POJK.04/2015 concerning Capital Increases for Public Companies by granting Preemptive Rights.

In the previous prospectus, BUMI plans to increase its capital without providing rights (PMTHMETD) or private placement of 13.20 billion shares.

Based on the company's information disclosure, in order to improve its financial position, the issuer codenamed BUMI will issue up to 13,206,473,996 Series C shares with a nominal value of Rp50 per share.

This amount is 10.25 percent of the issued and paid-up capital of the company.

"The company intends to improve its financial position by obtaining approval from shareholders to conduct PMTHMETD, in order to convert the company's liabilities into equity which will improve the liquidity ratio and also the company's solvency ratio," explained BUMI Director and Corporate Secretary Dileep Srivastava in an information disclosure, Thursday (23/6/2022).

This private placement is also in order to settle BUMI's obligations to Innovate Capital Pte. Ltd. who have requested that their rights be resolved as soon as possible.

untuk menerbitkan saham-saham baru sehubungan dengan konversi Obligasi Wajib Konversi (OWK) yang diterbitkan oleh perseroan, sebagaimana telah mendapatkan persetujuan oleh RUPSLB pada tanggal 7 Februari 2017 dan tanggal 14 Januari 2022.

Adapun, dalam RUPSLB, salah satu agenda adalah persetujuan atas rencana Penam- bahan Modal Tanpa Memberikan Hak Memesan Efek Terlebih Dahulu dalam rangka perbaikan posisi keuangan sebagai-mana dimaksud dalam Pasal 3(a) Peraturan OJK No.

14/POJK.04/2019 tentang Per-ubahan atas Peraturan OJK No. 32/POJK.04/ 2015 tentang Penambahan Modal Perusaha-an Terbuka dengan memberikan HMETD.

Dalam prospektus sebelumnya, BUMI berencana melakukan Penambahan Modal Tanpa Memberikan HMETD (PMTHMETD) atau private placement sebanyak 13,20 miliar saham.

Berdasarkan keterbukaan informasi perseroan, dalam rangka perbaikan posisi keuangan, emiten bersandi BUMI ini akan menerbitkan hingga 13.206.473.996 saham Seri C dengan nilai nominal Rp50 per saham.

Jumlah tersebut merupakan 10,25 persen dari modal ditempatkan dan modal disetor perseroan.

“Perseroan bermaksud untuk memperbaiki posisi keuangan dengan mendapatkan persetujuan dari pemegang saham guna melakukan PMTHMETD, dalam rangka mengkonversi kewajiban perseroan menjadi ekuitas yang akan memperbaiki rasio likuiditas dan juga rasio solvabilitas perseroan,” jelas Direktur dan Sekretaris Perusahaan BUMI Dileep Srivastava dalam keterbukaan informasi, Kamis (23/6/2022).

Private placement ini juga dalam rangka penyelesaian kewajiban BUMI kepada Innovate Capital Pte. Ltd. yang telah meminta agar haknya segera diselesaikan secepat mungkin.

In connection with the debt owned by the company to Innovate Capital Pte. Ltd.

Rp1.01 trillion, Innovate Capital Pte. Ltd.

has requested that the debt be settled immediately.

(7)

Furthermore, given the current financial condition, BUMI and Innovate Capital Pte.

Ltd. has agreed to settle the debt obligations through debt conversion into shares with a conversion price of Rp76.59 per Series C share based on the Debt Settlement Agreement dated June 20, 2022.

Meanwhile, Innovate Capital Pte. Ltd. not affiliated with the company.

Based on the debt settlement agreement, the conversion of debt into shares through PMTHMETD is subject to terms and conditions, including the approval of BUMI's shareholders for PMTHMETD at the EGMS.

Until the first trading session this afternoon, BUMI's shares were observed to have fallen 4 points or 5.97 percent to the level of Rp63. BUMI's market capitalization was recorded at Rp8.12 trillion with a price- to-earnings ratio of 2.92 times. Editor : Hafiyyan

Sehubungan dengan utang yang dimiliki oleh perseroan kepada Innovate Capital Pte. Ltd. sebesar Rp1,01 triliun, Innovate

Capital Pte. Ltd. telah meminta agar utang tersebut segera diselesaikan.

Selanjutnya, mengingat kondisi keuangan saat ini, BUMI dan Innovate Capital Pte. Ltd.

telah sepakat untuk melakukan penyelesaian kewajiban utang tersebut melalui konversi utang menjadi saham dengan harga konversi sebesar Rp76,59 per saham Seri C berdasarkan Perjanjian Penyelesaian Utang tertanggal 20 Juni 2022. Adapun, Innovate Capital Pte. Ltd.

bukan pihak yang terafil iasi dengan perseroan.

Berdasarkan perjanjian penyelesaian utang, pelaksanaan konversi utang menjadi saham melalui PMTHMETD tunduk pada syarat dan kondisi antara lain melalui persetujuan dari para pemegang saham BUMI atas PMTHMETD dalam RUPSLB.

Hingga perdagangan sesi I siang ini, saham BUMI terpantau anjlok 4 poin atau 5,97 persen ke level Rp63. Kapitalisasi pasar BUMI tercatat Rp8,12 triliun dengan price to earning ratio 2,92 kali. Editor : Hafiyyan

Aneka Tambang (ANTM) Again Record Zero Fatality in the

Workplace

Reporter: Arfyana Citra Rahayu | Editor:

Noverius Laoli

P

T ANEKA Tambang Tbk (ANTM) again succeeded in recording zero fatality in the work environment during the first semester of 2022 (1H22).

Aneka Tambang (ANTM) Kembali Catatkan Zero Fatality

di Lingkungan Kerja

Reporter: Arfyana Citra Rahayu | Editor:

Noverius Laoli

P

T ANEKA Tambang Tbk (ANTM) kembali berhasil mencatatkan zero fatality di lingkungan kerja selama semester pertama tahun 2022 (1H22).

This is in line with Antam's commitment to implementing the principles of

(8)

Occupational Safety and Health (K3) and Operational Safety.

Along with the target to maintain a zero fatality record in 2021, ANTAM also continues to strive to improve the OHS culture in all operational areas to be able to create safe, efficient and productive operational activities.

Antam's President Director Nico Kanter said that in carrying out operational activities, ANTAM always pays attention to K3 aspects as the main principle that must be applied by all ANTAM Personnel.

As a company that is committed to implementing sustainability where K3 is one of the important aspects in it, ANTAM continues to improve the competence of the Company's OHS management team through the ANTAM Safety Resilient program and various other trainings.

"We also continue to increase awareness regarding K3 to all employees and work partners so that they can realize safe operations and minimize work accidents within the Company," he said in a press release, Thursday (7/7).

Various efforts have been made by the Company in maintaining and managing K3 so as to create a safe and healthy work environment for all ANTAM Personnel.

Antam implements the Mining Safety Management System (SMKP), encourages empowering human competency in all employees and partners, encourages active participation of workers in accident prevention programs, conducts regular health checks (MCU) and ensures operational activities are carried out by meeting environment quality standards.

Hal ini sejalan dengan komitmen Antam dalam menerapkan prinsip Keselamatan dan Kesehatan Kerja (K3) dan Keselamatan Operasi.

Seiring dengan target untuk mempertahan- kan catatan zero fatality di tahun 2021, ANTAM juga terus berupaya meningkatkan budaya K3 di seluruh wilayah operasi agar mampu menciptakan kegiatan operasional yang aman, efisien dan produktif.

Direktur Utama Antam Nico Kanter mengatakan dalam menjalankan kegiatan operasi, ANTAM senantiasa memperhatikan aspek- aspek K3 sebagai prinsip utama yang wajib diterapkan seluruh Insan ANTAM.

Sebagai perusahaan yang berkomitmen untuk menjalankan keberlanjutan dimana K3 merupakan salah satu aspek penting di dalamnya, ANTAM terus berupaya meningkatkan kompetensi tim pengelola K3 Perusahaan melalui program ANTAM Safety Resilient dan berbagai pelatihan lainnya.

"Kami juga terus melakukan peningkatan awareness mengenai K3 kepada seluruh pegawai dan mitra kerja sehingga dapat mewujudkan operasional yang aman dan meminimalisir terjadinya kecelakaan kerja di lingkungan Perusahaan,” ujarnya dalam siaran pers, Kamis (7/7).

Berbagai upaya dilakukan Perusahaan dalam menjaga dan mengelola K3 sehingga dapat menciptakan lingkungan kerja yang aman dan sehat bagi seluruh Insan ANTAM.

Antam melakukan implementasi Sistem Manajemen Keselamatan Pertambangan (SMKP), mendorong empowering human competency di seluruh pegawai dan mitra kerja, mendorong partisipasi aktif pekerja dalam program pencegahan kecelakaan, melakukan pemeriksaan Kesehatan (MCU) secara berkala, serta memastikan kegiatan operasional dilaksanakan dengan memenuhi standar baku mutu lingkungan.

(9)

Coal DMO Enthusiast Industry Guaranteed To Get BLU

Contribution

Verda Nano Setiawan, CNBC Indonesia

T

HE GOVERNMENT in this case the Ministry of Energy and Mineral Resources (ESDM) will soon release a new institution, namely the Public Service Agency (BLU) as a collector of coal fees. With this BLU, the price of domestic special coal or Domestic Market Obligation (DMO) will be released to the market mechanism.

As is known, so far there are three industries that have enjoyed special prices for coal DMOs. Among them are PT PLN (Persero) whose coal price is set at US$ 70 per ton and the fertilizer and cement industry which is pegged at US$ 90 per ton.

Now, with the presence of BLU, the price of DMO will of course follow the price of coal in the market. However, the BLU will collect the difference between the benchmark price and the market price of coal.

The Director General of Mineral and Coal (Dirjen Minerba) of the Ministry of Energy and Mineral Resources, Ridwan Djamaluddin, ensures that all industries that receive a special DMO allocation will also receive the same treatment.

"For DMO, yes, everything," said Ridwan when he was met at the DPR Building, some time ago.

However, unfortunately Ridwan has not been able to confirm the details related to the mechanism for replacing the difference between the market price and the DMO benchmark price mechanism.

Industri Penikmat DMO Batu Bara Dipastikan Dapat Iuran

BLU

Verda Nano Setiawan, CNBC Indonesia

P

EMERINTAH dalam hal ini Kementerian Energi dan Sumber Daya Mineral (ESDM) sebentar lagi akan merilis lembaga baru, yakni Badan Layanan Umum (BLU) sebagai pemungut iuran batu bara. Dengan adanya BLU ini, harga batu bara khusus dalam negeri atau Domestic Market Obligation (DMO) bakal dilepas ke mekanisme pasar.

Seperti yang diketahui, sejauh ini ada tiga industri yang menikmati harga khusus DMO batu bara. Diantaranya adalah PT PLN (Persero) yang harga batu baranya dipatok US$ 70 per ton beserta industri pupuk dan semen yang dipatok US$ 90 per ton.

Nah, dengan hadirnya BLU, harga DMO tentunya akan mengikuti harga batu bara dipasar. Namun, BLU tersebut akan memungut selisih dari harga patokan dengan harga batu bara pasar.

Direktur Jenderal Mineral dan Batubara (Dirjen Minerba) Kementerian ESDM Ridwan Djamaluddin memastikan bahwa semua industri yang mendapat alokasi khusus DMO juga akan mendapatkan perlakuan hal yang sama.

"Kalau DMO ya semuanya," ujar Ridwan saat ditemui di Gedung DPR, beberapa waktu yang lalu.

Namun, sayang Ridwan belum bisa memastikan detil terkait dengan mekanisme penggantian selisih antara harga pasar dengan mekanisema harga patokan DMO.

(10)

"It's being discussed in principle. We'll just have to wait for it to end. So that there won't be an unbroken discussion," he said.

On the other hand, the Association of Indonesian Mining Experts (Perhapi) assesses that the government's plan to establish a BLU to ensure the availability of domestic coal needs needs to be studied and socialized more deeply before being implemented. This is to avoid reactive and conditional policy making.

According to Perhapi, the BLU that will be formed will leave new problems in the investment climate in Indonesia, especially in the mining sector. In addition, the management of such large funds is also a challenge in itself.

"Policies and regulations that change frequently and tend to be reactive will cause legal certainty and certainty to invest in Indonesia to be weak. Moreover, if a policy is based on variable commodity prices whose fluctuations cannot be ascertained, including coal prices," said PERHAPI Chairman Rizal Kasli in a press release (7/7/2022).

Rizal assessed that if the reason was to ensure that the shortage of coal supply in the country would not repeat itself, then in fact the mechanisms and provisions regarding the DMO that had been implemented so far could be used as instruments to ensure the fulfillment of coal supply for PLN and domestic industry. Only tighter supervision is needed, and firm law enforcement on companies that do not comply.

Companies that do not meet the agreed DMO quota of 25% of total production, the government with its authority can stop coal export activities from these companies. Except for companies that...

"Sedang dibahas itu prinsipnya. Nanti kita tunggu udah putus saja ya. Biar tidak terjadi diskursus yang belum putus," ujarnya.

Di sisi lain, Perhimpunan Ahli Pertambangan Indonesia (Perhapi) menilai rencana pemerintah membentuk BLU guna memastikan kesediaan kebutuhan batu bara dalam negeri perlu dikaji dan disosialisasikan lebih mendalam sebelum diterapkan. Hal ini guna menghindari pengambilan kebijakan yang reaktif dan kondisional.

Menurut Perhapi, BLU yang akan dibentuk akan meninggalkan permasalahan baru dalam iklim investasi di Indonesia, khusus- nya di bidang pertambangan. Selain itu, pengelolaan dana yang begitu besar, juga menjadi tantangan tersendiri.

"Kebijakan dan peraturan yang kerap berubah dan cenderung reaktif, akan menye- babkan kepastian hukum dan kepastian berinvestasi di Indonesia menjadi lemah.

Apalagi, jika sebuah kebijakan didasari oleh variabel harga komoditi yang tidak bisa dipastikan fluktuasinya, termasuk harga batubara," kata Ketua Umum PERHAPI Rizal Kasli dalam siaran persnya (7/7/2022).

Rizal menilai jika alasannya adalah memastikan tidak terulangnya kelangkaan pasokan batu bara di dalam negeri, maka sejatinya mekanisme dan ketentuan mengenai DMO yang selama ini diterapkan, sudah bisa dijadikan instrumen untuk memastikan pemenuhan pasokan batu bara untuk PLN dan industri dalam negeri. Hanya dibutuh- kan pengawasan yang lebih ketat, dan penegakan hukum (law enforcement) yang tegas atas perusahaan yang tidak patuh.

Perusahaan yang tidak memenuhi kuota DMO yang telah disepakati bersama sebesar 25% dari total produksi, pemerintah dengan kewenangannya dapat menghentikan kegiatan ekspor batu bara dari perusahaan tersebut. Kecuali perusahaan yang...

(11)

Except for companies that have coal quality that does not meet the DMO specifications, compensation funds may be imposed.

Therefore, BLU is not an urgent matter.

"The task and authority of the BLU is quite large. This agency is tasked with collecting compensation fees for the difference between the domestic market obligation (DMO) coal price and the price of coal abroad. With a certain scheme, if the assumption of an average HBA is US$

200/ton, The compensation fund that BLU can collect is estimated to be around Rp.

137.6 trillion," explained Rizal.

Meanwhile, the model for managing the collected funds will be similar to the Oil Palm Plantation Fund Management Agency (Bpdpkas) which supports the mandatory B30 program. In its implementation, PLN will first buy coal to the miners according to the market price, then the difference will be returned from the BLU quote to PLN.

According to him, the mechanism and amount of the levy that will be imposed, as well as the form of distribution and use of these funds need to be clarified. The reason is that aspects of governance, accountability and transparency are important, so that there are no deviations and irregularities.

"President Jokowi himself once said that with the extension of the bureaucracy, he was worried that new corruption would emerge," added Rizal.

According to Perhapi, the obligations of coal mining entrepreneurs to the state have actually been regulated firmly and clearly, through tax and royalty levies whose amounts apply progressively depending on the price of coal, as well as the type of concession permit.

Profits from price increases through increased state revenues are returned to PLN through energy subsidies. This means that it is already running and there is no need for a new policy or system. (pgr/pgr)

Kecuali perusahaan yang memiliki kualitas batubara yang tidak sesuai spesifikasi DMO, dapat dikenakan dana kompensasi. Karena itu, BLU bukan hal yang mendesak.

"Tugas dan kewenangan BLU ini cukup besar. Badan ini bertugas memungut biaya kompensasi atas selisih harga batu bara Domestic Market Obligation (DMO) dengan harga batu bara di luar negeri. Dengan skema tertentu, jika asumsi HBA rata-rata US$ 200/ton, dana kompensasi yang dapat dikumpulkan BLU diestimasi sekitar Rp.

137,6 triliun," jelas Rizal.

Adapun, model pengelolaan dana hasil pungutan akan mirip dengan Badan Pengelola Dana Perkebunan Kelapa Sawit (Bpdpkas) yang mendukung program mandatori B30. Dalam pelaksanaannya, PLN akan membeli lebih dahulu batu bara ke penambang sesuai harga pasar, lalu selisihnya akan dikembalikan dari kutipan BLU kepada PLN.

Menurut dia mekanisme dan besaran pungutan yang akan dikenakan, serta bagai- mana bentuk penyaluran serta penggunaan dana ini perlu diperjelas. Pasalnya, aspek tata kelola, akuntabilitas dan transparansi menjadi penting, agar tidak terjadi penyim- pangan dan penyelewengan. "Presiden Jokowi sendiri pernah mengatakan bahwa dengan perpanjangan birokrasi dikuatirkan akan muncul korupsi korupsi baru," tambah Rizal.

Menurut Perhapi, kewajiban pengusaha pertambangan batu bara kepada negara sebenarnya telah diatur dengan tegas dan jelas, melalui pungutan pajak dan royalti yang besarannya berlaku progresif ter- gantung harga batu bara, serta jenis izin pengusahaannya.

Keuntungan dari kenaikan harga melalui peningkatan pemasukan negara pun kembali kepada PLN melalui subsidi energi. Artinya, hal ini sudah berjalan dan tidak diperlukan kebijakan atau sistem baru.(pgr/pgr)

(12)

Antam's Corporate Credit Outlook Becomes Positive

By: Ahmad Nabhani

T

HE POSITIVE growth in the financial performance of PT Aneka Tambang Tbk (ANTM) or Antam in 2021 yesterday and continued in the first quarter of this year, has a positive impact on the company's outlook. This is because Antam announced an increase in S&P Global's Corporate Credit Outlook for 2022 from “B+/Stable outlook” to “B+/Positive outlook”.

The Corporate Secretary Division Head of PT Aneka Tambang Tbk, Syarif Faisal Alkadrie in a press release in Jakarta yesterday, revealed that the outlook increase from Stable to positive is in line with the prospect of increasing ANTAM's business through the company's downstream development plan. "The increase in outlook is also in line with ANTAM's sustainability strategy in selling nickel ore in the domestic market in line with the demand for nickel ore in the domestic market which is projected to increase in line with the development of downstream nickel in Indonesia," he said.

Meanwhile, the increase in ANTAM's main commodity prices amid pressure from global economic conditions and ANTAM's ability to offset rising fuel costs also supported the increase in the Company's outlook. Throughout the first quarter of 2022, Antam recorded solid performance growth as reflected in the achievement of Earning Before Interest, Taxes, Depreciation, and Amortization (EBITDA) in 1Q22 of Rp2.54 trillion, grew 105%

compared to EBITDA achievement in the First Quarter of 2021 (1Q21 ) of Rp 1.24 trillion.

Corporate Credit Outlook Antam Jadi Positif

Oleh: Ahmad Nabhani

P

OSITIFNYA pertumbuhan kinerja keuangan PT Aneka Tambang Tbk (ANTM) atau Antam di tahun 2021 kemarin dan berlanjut di kuartal pertama tahun ini, membawa dampak positif terhadap outlook perseroan. Pasalnya, Antam mengumumkan kenaikan Corporate Credit Outlook S&P Global tahun 2022 dari “B+/outlook Stabil”

menjadi “B+/outlook Positif”.

Corporate Secretary Division Head PT Aneka Tambang Tbk, Syarif Faisal Alkadrie dalam siaran persnya di Jakarta, kemarin meng- ungkapkan, kenaikan outlook dari Stabil menjadi positif seiring dengan prospek peningkatan bisnis ANTAM melalui rencana pengembangan hilirisasi perusahaan.

”Peningkatan outlook sejalan pula dengan strategi keberlanjutan ANTAM dalam penjualan bijih nikel di pasar domestik seiring dengan permintaan bijih nikel di pasar domestik yang diproyeksikan akan semakin meningkat sejalan dengan pengembangan hilirisasi nikel di Indonesia,"

ujarnya.

Adapun, peningkatan harga komoditas utama ANTAM di tengah tekanan kondisi ekonomi global dan kemampuan ANTAM dalam mengimbangi kenaikan biaya bahan bakar turut mendukung kenaikan outlook Perusahaan. Sepanjang triwulan pertama tahun 2022, Antam mencatatkan pertumbuhan kinerja yang solid yang tercermin dari capaian Earning Before Interest, Taxes, Depreciation, and Amortization (EBITDA) pada 1Q22 sebesar Rp2,54 triliun, tumbuh 105% dibandingkan capaian EBITDA pada Triwulan Pertama Tahun 2021 (1Q21) sebesar Rp1,24 triliun.

(13)

Antam's profitability growth in 1Q22 was reflected in gross profit of Rp2.45 trillion, growing 51% from gross profit in 1Q21 of Rp1.63 trillion. Meanwhile, the Company's operating profit achievement in 1Q22 was recorded at Rp1.62 trillion, grew 104%

compared to 1Q21 of Rp793.89 billion.

Positive growth in gross profit and operating profit supported Antam's 1Q22 profit for the year of Rp1.47 trillion, up 132% from profit for the year in 1Q21 of Rp630.38 billion. The implementation of the right operational strategy supports the profitability growth of all of ANTAM's main operating segments, which are based on nickel, gold and bauxite.

In 2022, Antam targets production growth and sales of the Company's main commodities in line with Antam's strategy to increase utilization of mining operations and processing plants as well as expectations of increasing commodity marketing reach. In addition to optimizing the production and sales aspects, the company focuses on careful cost management efforts through the implementation of appropriate efficiency programs.

In the first quarter of 2022, Antam realized 30% of its capital expenditure or capex budget of Rp. 151 billion of the total allocation of Rp. 508 billion. Where absorption of capital expenditure is still low, around 30% or Rp. 151 billion.

However, the company will continue to boost the absorption of capital expenditures even more this year. Antam's Director of Operations and Production, I Dewa Wirantaya once said, generally speaking, in the first quarter of 2022, capex preparations for engineering and technical, studies, and so on will reduce capex absorption.

Pertumbuhan profitabilitas Antam pada 1Q22 tercermin pada capaian laba kotor sebesar Rp2,45 triliun, tumbuh 51% dari capaian laba kotor pada 1Q21 sebesar Rp1,63 triliun. Sementara itu, capaian laba usaha Perusahaan pada 1Q22 tercatat sebesar Rp1,62 triliun, tumbuh 104% dibandingkan 1Q21 sebesar Rp793,89 miliar.

Pertumbuhan positif laba kotor dan laba usaha mendukung capaian laba tahun berjalan 1Q22 Antam sebesar Rp1,47 triliun, naik 132% dari laba tahun berjalan pada 1Q21 sebesar Rp630,38 miliar. Implemen- tasi strategi operasional yang tepat mendukung pertumbuhan profitabilitas seluruh segmen operasi utama ANTAM yang berbasis pada komoditas nikel, emas, dan bauksit.

Pada tahun 2022, Antam menargetkan pertumbuhan produksi dan penjualan komoditas utama Perusahaan sejalan dengan strategi Antam untuk meningkatkan utilisasi operasi tambang dan pabrik pengolahan serta ekspektasi peningkatan jangkauan pemasaran komoditas. Selain optimalisasi dalam aspek produksi dan penjualan, perusahaan berfokus dalam upaya pengelolaan biaya yang cermat melalui pelaksanaan program-program efisiensi yang tepat.

Di kuartal pertama 2022, Antam mereali- sasikan 30% anggaran belanja modal atau capex senilai Rp151 miliar dari total alokasi Rp508 miliar. Dimana serapan belanja modal masih rendah sekitar 30% atau Rp 151 miliar. Namun demikian, perseroan akan terus menggenjot penyerapan belanja modal lebih maksimal lagi di tahun ini. Direktur Operasi dan Produksi Antam, I Dewa Wirantaya pernah bilang, secara garis besar umumnya di kuartal I/2022 persiapan capex untuk engineering dan teknis, kajian, dan sebagainya sehingga penyerapan capex memang akan berkurang.

(14)

BRMS Targets Second Gold Mill in Palu to be Completed in the

Third Quarter

Author: Edo Fernando, Editor: Ocky PR.

P

T BUMI Resources Minerals Tbk (BRMS) announced that the construction of the gold factories of the two companies in Palu, Central Sulawesi has made progress which is considered quite good. They also hope that the construction of the gold factory will be completed in the third quarter of 2022.

It was also explained that the second gold plant owned by Bumi Resources Minerals would be able to process as much as 4,000 tons of ore per day. Seeing this projection, his party also estimates that in the fourth quarter the company's gold production will be able to increase.

"We hope to complete the construction for this second factory in the third quarter of 2022," said CEO and President Director of Bumi Resources Minerals, Agus Projosasmito.

For information, through its subsidiary, PT Citra Palu Minerals, the company currently has only one operating processing plant, with a production capacity of only 500 tons of ore per day.

Based on its financial performance report, Bumi Resources Minerals during the first quarter of this year, was able to record a revenue increase of up to 118%, from the previous year in the same period of $1.35 million to $2.9 million. At the same time, its net profit recorded an increase of 14%, from the same period last year of $1.67 million to $1.9 million.

BRMS Targetkan Pabrik Emas Kedua di Palu Selesai Pada

Kuartal Ketiga

Penulis: Edo Fernando, Editor: Ocky PR.

P

T BUMI Resources Minerals Tbk (BRMS) mengumumkan bahwa pembangunan pabrik emas kedua perusahaan yang ada di Palu, Sulawesi Tengah sudah mencatatkan kemajuan yang dinilai cukup baik. Mereka pun berharap bahwa pembangunan pabrik emas tersebut akan bisa selesai pada kuartal ketiga tahun 2022 ini.

Dijelaskan juga bahwa pabrik emas kedua yang dimiliki oleh Bumi Resources Minerals itu akan mampu mengolah sebanyak 4.000 ton bijih per hari. Melihat proyeksi ini, pihaknya pun memperkirakan bahwa pada kuartal keempat produksi emas perusahaan akan mampu meningkat.

“Pada pembangunan untuk pabrik kedua ini, kami harap bisa merampungkannya pada kuartal ketiga di tahun 2022 ini,” ungkap CEO dan Direktur Utama Bumi Resources Minerals, Agus Projosasmito.

Sebagai informasi, lewat anak usahanya yakni PT Citra Palu Minerals, perusahaan saat ini hanya memiliki satu pabrik pengolahan yang beroperasi, dengan kapasitas produksi hanya sebesar 500 ton bijih per hari.

Berdasarkan laporan kinerja keuangannya, Bumi Resources Minerals pada sepanjang kuartal pertama tahun ini, mampu mencatatkan peningkatan pendapatan hingga 118%, dari yang sebelumnya di periode yang sama tahun lalu sebesar $1,35 juta menjadi $2,9 juta.

Di saat yang sama, laba bersihnya tercatat mengalami peningkatan sebesar 14%, dari periode yang sama tahun lalu sebesar $1,67 juta menjadi $1,9 juta.

(15)

The company further explained that the increased performance of Bumi Resources Minerals could not be separated from the increase in the operational performance of its subsidiaries, especially Citra Palu Minerals. It was noted that Citra Palu Minerals was able to produce 41 kg of gold for the first quarter of this year, which is a very significant increase compared to production in the same period last year, which was only 24 kg.

Lebih lanjut perusahaan menjelaskan bahwa meningkatnya kinerja Bumi Resources Minerals tersebut, tidak lepas dari adanya peningkatan kinerja operasional anak usaha, utamanya oleh Citra Palu Minerals. Tercatat, Citra Palu Minerals mampu memproduksi emas sebesar 41 kg untuk kuartal pertama tahun ini, yang merupakan peningkatan sangat signifikan apabila dibandingkan dengan produksi di periode yang sama tahun lalu, yang hanya sebesar 24 kg.

Russia's Coal Exports Are Smoldering In The Shadow of EU

Sanctions

Anto Kurniawan

R

USSIA's coal exports are expected to have increased since Putin's invasion of Ukraine and the European Union's (EU) announcement that it was preparing to ban imports of Russian coal from August. The decline in Russian exports to Europe, which was Moscow's main export market before the war, has been offset by increased shipments of Russian coal to China and India.

Both markets are the world's largest coal importers, which are also grappling with energy and coal shortages. Russian coal at heavily discounted international bench- marks is a welcome waiver, which could reduce the burden on their import bills at a time of soaring prices for coal, natural gas and crude oil.

Russia's recent increase in seaborne coal exports poses another challenge for the EU and the United States, in an attempt to stifle Putin's energy revenues. Mean- while,...

Ekspor Batu Bara Rusia Sedang Membara Dibayangi Sanksi Uni

Eropa

Anto Kurniawan

E

KSPOR batu bara Rusia diperkirakan telah meningkat sejak invasi Putin ke Ukraina dan pengumuman Uni Eropa (UE) bahwa mereka bersiap melarang impor batu bara Rusia mulai Agustus. Penurunan ekspor Rusia ke Eropa, yang merupakan pasar ekspor utama bagi Moskow sebelum perang telah di- imbangi oleh peningkatan pengiriman batu bara Rusia ke China dan India.

Kedua pasar itu merupakan importir batu bara terbesar di dunia, yang juga sedang bergulat dengan kekurangan energi dan batu bara. Batu bara Rusia dengan diskon besar- besaran untuk tolok ukur internasional menjadi keringanan yang disambut baik, dimana bisa mengurangi beban tagihan impor mereka pada saat melonjaknya harga batu bara, gas alam, dan minyak mentah.

Peningkatan ekspor batu bara lintas laut Rusia baru-baru ini menjadi tantangan selanjutnya bagi UE dan Amerika Serikat, dalam upaya melumpuhkan pendapatan energi Putin. Sementara...

(16)

Meanwhile, at the same time, it is not expected to encourage further increases in international energy commodity prices.

As with oil, trade flows in the coal market have changed since the Russian invasion of Ukraine and the Western ban on Russian energy imports. Russia is turning to the East, while Europe imports more coal from top exporters other than Russia, including South Africa, Australia and Colombia.

In addition, the significant decline in Russian gas supplies to Europe has prompted several EU member states to temporarily return to coal in order to conserve gas and keep lights and heaters on during winter.

Germany will rely more on coal-fired power generation to conserve gas and replenish its gas stores in the winter, its Economy Minister Robert Habeck said after Russia cut supplies to Germany via the Nord Stream.

While Austria plans to convert gas-fired power plants to coal-fired power plants, the Netherlands will relax its current restrictions on coal-fired power plants.

This has boosted coal demand in Europe, which is preparing to stop importing Russian coal as soon as next month.

In April, the EU will impose a ban on imports of coal and other solid fossil fuels from Russia in August 2022 as part of the fifth round of EU sanctions against Russia over its invasion of Ukraine. The package includes "a ban on buying, importing or transferring coal and other solid fossil fuels to the EU if they originate from Russia or are exported from Russia, from August 2022."

While Europe imports more coal from outside Russia, buyers of coal in Asia, including China and India, have increased their purchases from Russia.

Sementara pada saat yang sama, diharapkan tidak mendorong kenaikan lebih lanjut harga komoditas energi internasional.

Sama seperti halnya minyak, arus perdagangan di pasar batu bara telah berubah sejak invasi Rusia ke Ukraina dan larangan Barat pada impor energi Rusia. Rusia beralih ke Timur, sementara Eropa mengimpor lebih banyak batu bara dari eksportir top selain Rusia, termasuk Afrika Selatan, Australia, dan Kolombia.

Selain itu, penurunan pasokan gas Rusia secara signifikan ke Eropa telah mendorong beberapa negara anggota UE untuk kembali untuk sementara ke batu bara demi menghemat gas dan menjaga lampu serta pemanas tetap menyala ketika musim dingin tiba.

Jerman akan lebih mengandalkan pembangkit listrik dari batu bara untuk menghemat gas dan mengisi penyimpanan gasnya pada musim dingin, kata Menteri Ekonominya Robert Habeck setelah Rusia memangkas pasokan ke Jerman melalui Nord Stream.

Sedangkan Austria berencana untuk mengubah pembangkit listrik tenaga gas cadangan untuk beroperasi dengan batu bara, sementara Belanda akan melonggarkan pembatasannya saat ini pada pembangkit listrik tenaga batu bara.

Hal ini mendorong permintaan batu bara di Eropa meningkat, yang sedang bersiap untuk berhenti mengimpor batu bara Rusia secepatnya bulan depan.

Pada bulan April, UE bakal memberlakukan larangan impor batu bara dan bahan bakar fosil padat lainnya dari Rusia pada Agustus 2022 sebagai bagian dari putaran kelima sanksi UE terhadap Rusia atas invasinya ke Ukraina. Paket tersebut mencakup "larangan untuk membeli, mengimpor, atau mentransfer batu bara dan bahan bakar fosil padat lainnya ke UE jika berasal dari Rusia atau diekspor dari Rusia, mulai Agustus 2022."

Sementara Eropa mengimpor lebih banyak batu bara dari luar Rusia, pembeli batu bara di Asia, termasuk China dan India, telah mening-katkan pembelian dari Rusia.

(17)

Russian coal exports by sea stood at 16.45 million tonnes in June, compared with 16.56 million tonnes in May, according to Kpler data. These export figures rose 3.5%

and 3.8% respectively compared to June and May last year.

Furthermore, China's imports of Russian Coal have continued to increase, while India has also significantly increased its purchases in recent months. Russia's share of India's coal imports remained relatively low, at 4.4% last month, according to data cited by Russell.

Meanwhile China and India, as well as Turkey, increased coal imports from Russia.

The EU, Japan and South Korea have lowered their imports of Russian coal in their seas in recent months.

In early June, Russia's coal exports to Europe fell to 10 to 15 percent of all coal exports, compared with 30 percent before the war, executives at Russian coal miners told Bloomberg.

Russian coal exports to Europe had to stop in August when Europe had to increase purchases from South Africa, Australia and Colombia for supplies. Especially if it will run more coal-fired power plants in a bid to save gas which will be scarce by winter.

Europe itself has significantly increased South Africa's coal imports, with purchases from South Africa's main coal export hub surging by 40% in January-May 2022 compared to the whole of 2021, according to figures obtained by Reuters in June.

"With many importers currently unable or unwilling to import coal from Russia due to sanctions or because of voluntary changes to their coal supply mix. A growing pool of importers is...

Ekspor batu bara Rusia melalui laut tercatat mencapai 16,45 juta ton pada Juni, dibandingkan dengan 16,56 juta ton pada Mei, menurut data Kpler. Angka ekspor ini masing-masing naik 3,5% dan 3,8% dibandingkan Juni dan Mei tahun lalu.

Selanjutnya Impor Batu bara Rusia oleh China terus meningkat, sementara India juga secara signifikan menambah pembeliannya dalam beberapa bulan terakhir. Pangsa Rusia atas impor batu bara India masih relatif rendah, yaitu 4,4% bulan lalu, menurut data yang dikutip russell.

Sementara China dan India, serta Turki, meningkatkan impor batu bara dari Rusia.

UE, Jepang, dan Korea Selatan telah menurunkan impor batu bara Rusia di laut mereka dalam beberapa bulan terakhir.

Pada awal Juni, ekspor batu bara Rusia ke Eropa turun menjadi 10 hingga 15% dari semua ekspor batu bara, dibandingkan dengan 30% sebelum perang, kata para eksekutif di penambang batu bara Rusia kepada Bloomberg.

Ekspor batu bara Rusia ke Eropa harus berhenti pada Agustus ketika Eropa harus meningkatkan pembelian dari Afrika Selatan, Australia, dan Kolombia untuk mendapatkan pasokan. Terutama jika akan menjalankan lebih banyak pembangkit listrik tenaga batu bara dalam upaya untuk menghemat gas yang bakal langka menjelang musim dingin.

Eropa sendiri telah secara signifikan meningkatkan impor batu bara Afrika Selatan, dengan pembelian dari pusat ekspor batubara utama di Afrika Selatan melonjak sebesar 40% pada Januari-Mei 2022 dibandingkan dengan kese- luruhan tahun 2021, menurut angka yang diperoleh Reuters pada bulan Juni.

"Dengan banyak importir saat ini tidak dapat atau tidak mau mengimpor batu bara dari Rusia karena sanksi atau karena per-ubahan sukarela pada campuran pasokan batubara mereka. Kumpulan importir yang semakin besar...

(18)

A growing pool of importers is now looking to secure coal from other producers," said Toby Hassall, Lead Analyst, Coal Market Research, at Refinitiv Commodities Research, said last month.

Meanwhile, Russian coal – just like Russian oil – is finding willing buyers in China and India who benefit from discounted prices.

(akr)

Kumpulan importir yang semakin besar sekarang mencari untuk mengamankan batu bara dari produsen lain," ujar Toby Hassall, Analis Utama, Riset Pasar Batubara, di Refinitiv Commodities Research, mengatakan bulan lalu.

Sementara itu, batu bara Rusia - sama seperti minyak Rusia - menemukan pembeli yang bersedia di China dan India yang mendapat manfaat dari harga diskon. (akr)

Tin Begins to Bloom! Price Up 4% More

Robertus Andrianto, CNBC Indonesia

T

HE DOWNWARD trend in world tin prices has stopped. Today the price of tin is able to soar up to 4% more.

On Thursday (7/7/2022) at 16:10 WIB, the world tin price was recorded at US$ 25,850, up 4.61% compared to yesterday's closing price.

Investors take advantage of low prices to buy copper. When demand rises, prices also follow.

In addition, the tin price was supported by the weakening of the Dollar Index (which measures the greenback against six major currencies) by 0.12% during the day to 106.97. The weakening of the dollar is a positive sentiment because it makes tin, which is priced at the greenback, cheaper for holders of other currencies.

Nevertheless, world tin prices so far this year have fallen by 33% on a point-to-point basis. One of the shocks in tin stems from slowing consumer demand.

Timah Merekah! Harga Naik 4% Lebih

Robertus Andrianto, CNBC Indonesia

T

REN penurunan harga timah dunia terhenti. Hari ini harga timah mampu melesat hingga 4% lebih.

Pada Kamis (7/7/2022) pukul 16:10 WIB harga timah dunia tercatat US$ 25.850, naik 4,61% dibandingkan harga penutupan kemarin.

Investor memanfaatkan harga murah untuk membeli tembaga. Saat permintaan naik, harga juga mengikuti.

Selain itu, harga timah didukung oleh pelemahan Dollar Index (yang mengukur greenback terhadap enam mata uang utama) sebesar 0,12% pada siang hari ini ke 106,97.

Pelemahan dolar menjadi sentimen positif karena membuat timah yang dibanderol dengan greenback menjadi lebih murah bagi pemegang mata uang lainnya.

Meskipun demikian, harga timah dunia sepanjang tahun ini telah turun hingga 33%

secara point-to-point. Guncangan pada timah salah satunya berasal dari permintaan konsumen yang melambat sudah mulai terasa.

(19)

Tin itself is widely used as a raw material for soldering for electronic equipment.

Samsung Electronics has reportedly suspended new orders and asked suppliers to delay or reduce parts deliveries for several weeks due to high stockpiles.

The decline in semiconductor demand from South Korea is expected to occur this year and will weigh on tin demand and prices.

"Tin has been the culprit for the boom we've had in consumer electronics over the last two and a half years. For tin to drop further, people need to cut back on (sell) tin," said Macquarie analyst Marcus Garvey. CNBC INDONESIA RESEARCH TEAM (ras/ras)

Timah sendiri banyak digunakan sebagai bahan baku solder untuk alat-alat elektronik.

Samsung Electronics menurut laporan telah menghentikan sementara pesanan baru dan meminta pemasok untuk menunda atau mengurangi pengiriman suku cadang selama beberapa minggu karena stok yang tinggi.

Penurunan permintaan semikonduktor dari Korea Selatan diperkirakan akan terjadi pada tahun ini dan akan membebani permintaan dan harga timah.

"Timah telah menjadi penyebab untuk ledakan yang kami alami dalam elektronik konsumen selama dua setengah tahun terakhir. Agar timah turun lebih jauh, orang perlu mengurangi (menjual) timah," kata analis Macquarie Marcus Garvey. TIM RISET CNBC INDONESIA (ras/ras)

Copper price up supported by pullback in the dollar

MINING.COM Staff Writer

C

OPPER prices climbed on Thursday after hitting a near 20-month low in the previous session, supported by a slight pullback in the US dollar.

Copper for delivery in September rose 5% from Wednesday’s settlement, touching $3.58 per pound ($7,876 per tonne) Thursday morning on the Comex market in New York, after hitting its lowest since November 2020 this week.

The most-traded August copper contract in Shanghai rose 0.2% to 57,950 yuan ($8,641.90) a tonne.

The dollar eased 0.1% after scaling a 20-year peak against its rivals, making greenback- denominated metals slightly less expensive for other currency holders.

The US dollar will remain strong for at least the next three months due to expectations of aggressive Federal Reserve rate hikes and safe-haven appeal stemming from global recession fears, a Reuters poll of foreign exchange analysts showed.

The head of the International Monetary Fund said the outlook for the global economy had

“darkened significantly” since April and she could not rule out a possible global recession next year given the elevated risks.

(20)

Peru said on Wednesday its copper output fell 11.2% in May from a year ago after a stoppage at its Las Bambas mine and lower quality production in other deposits.

Meanwhile, China is facing covid-19 flare-ups across the country with mass testing and fresh restrictions. (With files from Reuters)

Mining contributes $43 billion in company tax

Ray Chan

T

HE RETURN to the community from Australia’s mining industry has again hit record levels, with a combined $43.2 billion in company tax and royalties paid in financial year 2020-21, a 16 per cent increase from the $37.3 billion contributed in the previous period.

Company taxes paid reached a new record high of $26.5 billion and royalties also reached a high of $16.7 billion in 2020-21 contributing significantly to federal, state and territory governments at a time when they needed it most during the COVID-19 pandemic.

The record company and royalties payments are highlighted in an Ernst &

Young report commissioned by the Minerals Council of Australia, which also shows that in the last decade (between 2011-12 and 2020-21), the mining industry contributed $254 billion in company taxes and royalties ($142 billion and $112 billion respectively).

MCA chief executive Tania Constable said company tax and royalties payments are expected to continue increasing in 2021-22 in line with increases in export earnings, driven by a positive outlook in the price and quantity produced of metallurgical and thermal coal coupled with a robust year for iron ore, gold and base metals.

“The industry in Australia continues to pay the highest average wages, the most company taxes, delivers the most export revenue and is critical to supporting regions and communities – supporting 1.1 million jobs in the mining industry and its supply chains,” she said.

“The Australian mining industry always pays its fair share of tax while providing royalties to state governments to pay for improved roads, hospitals and other infrastructure and services.

“Mining companies also support thousands of regional businesses around Australia and their workers who provide essential services that keep the industry operating.

“In addition to new jobs across the nation and paying its fair share of taxes and royalties, the mining industry has been supporting local communities through the COVID-19 pandemic, providing substantial donations to hospitals, charities, child care centres and schools.”

(21)

Indonesian firm Bara Daya lowest bidder in Coal India's import tender

Bara Daya Energi is blacklisted by Gujarat and was rejected by CIL in first tender Shreya Jai | New Delhi

I

NDONESIAN firm Bara Daya Energi has quoted the lowest for two coal import tenders of Coal India Limited (CIL) for supplying 3 million tonne each. The firm has outbid Adani Enterprises which was the only other bidder for these two contracts. Adani, however, has emerged as L1, or the lowest bidder, for the short term coal import tender of CIL for supplying 2.4 MT.

Bara Daya, however, is a controversial company which earlier faced termination of its contract from Gujarat State Electricity Corporation over "breach of contract and failure to supply coal", said sources. Even in the first import tender of CIL, Bara Daya was rejected at the technical level on grounds of submitting invalid legal documents such as ‘power of attorney’ and ‘consortium agreement’, said sources.

Bara Daya has submitted its bid through a consortium with an Ahmedabad-based company GHV India. The two tenders pertain to supply of 3 MT of coal at the east coast and west coast of the country, issued by CIL last month. There were only two bidders for these tenders.

The Indonesian company quoted Rs 4,331 crore for the eastern coast tender and Rs 4,497 crore for the west coast. Adani Enterprises, which is the second, quoted Rs 5,035 crore and Rs 5080 crore for west and east coast, respectively. This is a medium-term supply contract for CIL to build a stock during next season.

For the first tender, for which the winning bid was submitted by Adani, is still being evaluated.

The company had quoted Rs 4,033 crore in its bid. Sources said the contract has been awarded to Adani. There were 11 other bidders for this contract to supply 2.4 MT during the June- September period.

CIL issued a tender for purchasing imported coal for power-generating companies (gencos) after the Centre directed it to meet the shortfall in the domestic coal supply chain. Recently, state-owned NTPC awarded 6.25 MT of imported coal tender worth Rs 8,300 crore to Adani Enterprises, this paper reported.

Chinese Imports Of U.S. Coal Collapse By 67%

By Tsvetana Paraskova

L

OWER steel demand due to China’s lockdowns in the first half of this year dragged down demand for coal used in steelmaking and resulted in a 67-percent slump in Chinese imports of U.S. coal between January and June, Argus reports, citing data from analytics firm Dry Bulk X (DBX).

(22)

China’s coal imports from the United States were 2 million metric tons in the first half of 2022, a decline of 67 percent compared to over 6 million metric tons of coal China imported from the U.S. in the same period last year. Coal shipments from the U.S. Gulf Coast to China slumped by 71 percent year over year to 800,000 tons between January and June, DBX data quoted by Argus showed.

Per the analytics firm, the United States had a 2.1-percent share in China’s seaborne coal imports in the first half of this year, down from a share of almost 4.8 percent for the same period of 2021.Last year, the United States exported around 15 percent of its coal production, and 58 percent of all U.S. coal exports went to five countries, according to data from the U.S. Energy Information Administration (EIA).

China was the second-largest destination of U.S. coal exports last year, only behind India. China received a total of 15 percent of all the coal the United States exported last year, the EIA data showed.

In recent months, China has significantly boosted its coal production, following government orders for more coal supply. Faced with power shortages last autumn, Chinese authorities ordered an increase in domestic coal production as global coal prices soared.

In March, China’s daily coal production hit a record high as it jumped by 15 percent compared to March 2021.

China has put more emphasis on energy security since the autumn of 2021. Earlier this year, China said it would continue to maximize the use of coal in the coming years as it caters to its energy security, despite pledges to contribute to global efforts to reduce emissions. By Tsvetana Paraskova for Oilprice.com

US thermal coal exports drop in May amid record-high CIF ARA prices:

Census

Author: Morgan Snook , Editor: Richard Rubin

F

ALLING nearly 20% on the month and year, May US thermal coal exports were 2.8 million mt while the average CIF ARA price reached an all-time high, data from the US Census Bureau and S&P Global Commodity Insights show.

Thermal coal accounted for 41.8% of total US coal exports in the latest month. On a year-to- date basis, US thermal exports were 3.6% lower than the year-ago period. The average monthly CIF ARA price meanwhile rose to all-time high $327.88/mt in May, according to the Platts assessment by S&P Global Commodity Insights.

The sharp decrease in thermal exports was due to lower shipped volumes of both bituminous and subbituminous coal. Bituminous coal exports fell 17.6% on the month and 21.4% on the year to 2.4 million mt. Year to date, bituminous coal exports were 5.6% lower than the 2021 period.

(23)

Demonstrating similar downward export trends as bituminous coal, subbituminous coal exports plummeted 27.1% on the month to 366,344 mt in May. Compared with the year-ago month, the subbituminous export volume was 1.4% higher. Year-to-date subbituminous coal exports were 8.8% higher than the same period in 2021.

Unlike thermal coal, metallurgical coal exports increased on the month in May, rising slightly to 3.9 million mt. The volume was 1.4% higher on the month and 6.8% higher on the year. It was a seven-month high for met coal exports. Met coal accounted for 58.2% of total US coal exports in May. Low vol FOB USEC metallurgical coal price fell to $462.52/mt in May, down from all-time high $508.91/mt two months prior.

Combined met and thermal exports were 6.7 million mt, down 8.5% on the month and 2.6% on the year. Year-to-date total coal exports were 1.7% higher than the year-ago period.

Petroleum coke

Combined calcined and green petroleum coke exports rose 7% on the month in May to 3.3 million mt, up 20.3% on the year. Year-to-date total petcoke exports were 15.3 million mt, up 11.7% from January through May 2021.

The increase in petcoke exports was driven by more fuel-grade petcoke shipments. Non- calcined petcoke exports rose 9.6% on the month and 22.7% on the year to 3 million mt. On a year-to-date basis, green petcoke exports were 13.9 million mt, up 12.1% from the 2021 period. The average FOB USGC 6.5% petcoke price was $185.50/mt in May, according to Platts assessment data by S&P Global.

Calcined petcoke exports, on the other hand, decreased 9.7% on the month to 319,078 mt.

Compared with the year-ago month, calcined petcoke shipments rose 1.7%. Year to date, anode-grade petcoke exports rose 7.4% from 2021 to 1.5 million mt in May 2022.

Silver production in Peru down 11.1% in May - report

By Vladimir Basov

A

CCORDING to the Ministry of Energy and Mines of Peru (MINEM), silver production in Peru, the world’s third largest silver producing country, was 251,878 kg in May 2022, a decline of 11.1% compared to 283,347 kg mined in May 2021.

MINEM said that similarly, Peru’s silver production of 1,238,071 kg achieved in January-May 2022 showed a contraction of 7.1% compared to the previous year, primarily due to the lower production reported by Compañía Minera Ares S.A.C. (-8.5%), Volcan Compañía Minera S.A.A.

(-1.9%) and Compañía de Minas Buenaventura S.A.A. (-50.9%).

The ministry said that significant decline in Buenaventura’s silver production was due to its Uchucchacua production unit continuing to partially suspend operations.

(24)

At the company level, Compañía Minera Antamina S.A. was the largest silver producer in Peru accounting for 18.0% share of the country’s total silver production in May, followed by Compañía Minera Ares S.A.C. (8.7%) and Volcan Compañía Minera S.A.A. (7.4%).

At the regional level, Áncash maintained its first position accounting for 22.4% of Peru’s total silver production in May, followed by Pasco (19.9%) and Junín (15.1%).

TABLE OF CONTENTS. No. Title Media Source Page