TABLE OF CONTENTS. No. Title Media Source Page

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Daily News Update Page 1

"Thus, the issuance of bonds with fixed interest rates provides certainty of the availability of capex funding for PTFI and also certainty of interest expense obligations during the construction period of the smelter construction," said Dany when contacted by Kontan.co.id separately, yesterday (10/4).

Just so you know, there are three series of senior notes that PTFI will offer in this fundraising. First, senior notes are worth US$ 750 million with a fixed coupon of 4.763%. This series has a tenor of 5 years.

Second, bonds denominated in US dollars with a value of US$ 1.5 billion and a fixed coupon of 5.315%. The tenor of this series is 10 years. Third, senior notes with a fixed coupon of 6.2% with a value of US$ 750 million. The tenor for the series is 30 years.

Direktur Hubungan Kelembagaan MIND ID Dany Amrul Ichdan mengatakan, PTFI membutuhkan pendanaan untuk belanja modal atawa capital expenditure (capex) yang cukup besar dalam mata uang dolar AS.

Menurut hitungan manajemen, pendanaan yang dibutuhkan untuk membangun smelter tembaga di Gresik mencapai sekitar US$ 3 miliar.

Itulah sebabnya, manajemen kemudian memutuskan untuk menerbitkan obligasi senior notes. Keputusan ini juga mempertimbangkan tren suku bunga floating yang kecenderungan naik seiring rencana The Fed untuk menaikkan suku bunga acuan US Treasury rate selama 12 bulan ke depan.

“Dengan demikian penerbitan obligasi dengan suku bunga tetap ini memberi kepastian ketersediaan pendanaan capex untuk PTFI dan juga kepastian atas kewajiban biaya bunga selama masa konstruksi pembangunan smelter,” ujar Dany saat dihubungi Kontan.co.id secara terpisah, kemarin (10/4).

Asal tahu saja, ada tiga seri senior notes yang akan tawarkan PTFI dalam peng- himpunan dana ini. Pertama, senior notes bernilai US$ 750 juta dengan kupon tetap 4,763%. Seri ini memiliki tenor 5 tahun.

Kedua, obligasi berdenominasi dolar AS dengan nilai US$ 1,5 miliar dan kupon tetap 5,315%. Tenor seri ini mencapai 10 tahun. Ketiga, senior notes dengan kupon tetap 6,2% dengan nilai US$ 750 juta.

Tenor untuk seri tersebut mencapai 30 tahun.

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Regarding the Acquisition of Nickel Mines, United Tractors (UNTR) Boss is Still Considering

Author: Iim Fatimah Timorria

T

HE MINING issuer of the Astra Group, PT United Tractors Tbk. (UNTR) is still considering the opportunity to acquire mineral mines, such as nickel.

United Tractors President Director Frans Kesuma said the company had plans to enter the mineral mining business.

This has at least been realized when the company took over the Martabe gold mine operations at the end of 2018. As for the nickel mining business, the company is still considering many aspects.

“We look at several factors, such as what size it is and the land status for nickel and other minerals. This needs a proper study.

Indeed, nickel is one of the drivers that drives the need for heavy equipment," he explained, Friday (4/8/2022).

Frans continued, UNTR will consider a number of acquisition options, including making greenfield acquisitions or acquisitions from those that are already operating.

“We know that there are not many available greenfield areas because all of them have been exploited. In addition, the Minerba Law already requires all mineral mining businesses to have reached the processing stage," he concluded.

Meanwhile, UNTR has prepared capital expenditure (capex) in the range of US$750 million to US$800 million in 2022.

Soal Akuisisi Tambang Nikel, Bos United Tractors (UNTR)

Masih Pertimbangkan

Author: Iim Fathimah Timorria

E

MITEN pertambangan Grup Astra, PT United Tractors Tbk. (UNTR) masih me- nimbang peluang mengakuisisi tambang mineral, seperti nikel.

Presiden Direktur United Tractors Frans Kesuma mengatakan perusahaan sudah berencana untuk masuk ke bisnis pertambangan mineral.

Hal ini setidaknya telah direalisasi ketika perusahaan mengambil alih operasional tambang emas Martabe pada akhir 2018.

Adapun untuk bisnis pertambangan nikel, perusahaan masih mempertimbangkan banyak aspek.

“Kami melihat dari beberapa faktor seperti apa size-nya lalu status lahan untuk nikel dan mineral lainnya. Ini perlu telaah yang benar. Memang nikel menjadi salah satu driver yang mendorong kebutuhan alat berat,” paparnya, Jumat (8/4/2022).

Frans melanjutkan, UNTR akan mempertimbangkan sejumlah opsi akuisisi, termasuk melakukan akuisisi greenfield atau akuisisi dari yang sudah beroperasi.

“Kita tahu kalau masuk ke area greenfield yang tersedia tidak banyak karena semua sudah dieksploitasi. Selain itu UU Minerba sudah mensyaratkan semua bisnis pertambangan mineral harus sudah sampai tahap processing,” pungkasnya.

Sementara itu, UNTR menyiapkan belanja modal atau capital expenditure (capex) di kisaran US$750 juta sampai US$800 juta pada 2022.

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United Tractors Director Iwan Hadiantoro explained that most of the funds prepared will be allocated to support mining services and mining lines. Last year, the total capital expenditure was only US$190 million.

“Our Capex target this year has indeed experienced a fairly large increase. The funds that we reserve this year for capex range from US$750 million to US$800 million,” said Iwan.

He said the allocation for mining services and mining would be at least US$570 million. Then around US$170 million will be spent on gold mining and factory infrastructure, as well as management systems.

"Then the rest is divided equally for other businesses, such as construction machinery, maybe around US$40 million and around US$4 million for others," he added.

Previously, United Tractors Corporate Secretary Sara K. Loebis said the company did not increase its capex for inorganic expansion, such as the acquisition of gold and mineral mines. According to him, the acquisition budget has not yet been included in the US$750 million capex.

Editor : Hafiyyan

Direktur United Tractors Iwan Hadiantoro menjelaskan bahwa sebagian besar dana yang disiapkan akan dialokasikan untuk mendukung lini mining services dan pertambangan. Tahun lalu, total belanja modal hanya berjumlah US$190 juta.

“Target Capex kami tahun ini memang mengalami kenaikan yang cukup besar.

Dana yang kami cadangkan tahun ini untuk capex berkisar US$750 juta sampai US$800 juta,” kata Iwan.

Dia mengatakan alokasi untuk mining services dan pertambangan setidaknya mencapai US$570 juta. Lalu sekitar US$

170 juta akan dibelanjakan untuk tambang emas dan infrastruktur pabrik, serta sistem manajemen.

“Lalu sisanya dibagi rata untuk bisnis- bisnis lainnya seperti construction machinery mungkin sekitar US$40 juta machinery dan lainnya sekitar US$4 juta,”

tambahnya.

Sebelumnya, Sekretaris Perusahaan United Tractors Sara K. Loebis mengatakan perseroan tidak meningkatkan capex untuk melakukan ekspansi anorganik, seperti akuisisi tambang emas dan mineral.

Menurutnya, anggaran akuisisi belum masuk ke dalam capex senilai US$750 juta ini. Editor : Hafiyyan

Bumi Resources (BUMI) says that domestic is a priority for

coal fulfillment

Reporter: Filemon Agung | Editor: Wahyu T.

Rahmawati

P

T BUMI Resources Tbk (BUMI) ensures that it will prioritize the fulfillment of coal for the domestic market rather than exports.

Bumi Resources (BUMI) Menyebut Domestik Jadi Prioritas Pemenuhan Batubara

Rahmawati

P

T BUMI Resources Tbk (BUMI) memasti- kan bakal mengutamakan pemenuhan batubara untuk pasar domestik ketimbang ekspor.

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Director of Bumi Resources Dileep Srivastava said that his party would prioritize sales to the domestic market, especially for PT Perusahaan Listrik Negara (PLN). The Indonesian market is considered to be receiving an increase in coal demand from Europe in line with the European Union's plan to ban Russia's coal exports.

Responding to this situation, Dileep did not specify whether or not there have been discussions for the European market. What is clear, the current production process is considered to still encounter a number of obstacles.

"The La Nina phenomenon, heavy rain continues to have an impact on production results," said Dileep to Kontan, Sunday (10/4). Moreover, BUMI's management also focuses more on the domestic market first.

Dileep admits that current conditions have the potential to encourage coal demand from the European market. However, due to weather conditions, the availability of spots for new requests will be difficult to fulfill.

Dileep was also reluctant to comment further on the possibility of revising the RKAB in line with the potential increase in demand. "Add to that the priority we set for domestic sales (for) our DMO fulfillment rather than exports. This resulted in several export delays," said Dileep.

Dileep added that the fulfillment efforts for the export market are expected to be pursued as the weather improves. Mean- while, for the first quarter of 2022, BUMI's coal production is expected to reach around 17 million to 18 million tons.

Direktur Bumi Resources Dileep Srivastava mengungkapkan, pihaknya bakal men- dahulukan penjualan ke pasar domestik khususnya untuk PT Perusahaan Listrik Negara (PLN). Pasar Indonesia dinilai bakal menerima peningkatan permintaan batubara dari Eropa seiring rencana larangan ekspor batubara Rusia oleh Uni Eropa.

Menanggapi situasi ini, Dileep tak merinci apakah sudah ada diskusi yang dilakukan atau belum untuk pasar Eropa. Yang terang, proses produksi saat ini dinilai masih menemui sejumlah kendala.

"Fenomena La Nina, hujan lebat terus berdampak pada hasil produksi," ungkap Dileep kepada Kontan, Minggu (10/4).

Apalagi, manajemen BUMI juga lebih berfokus untuk pasar domestik terlebih dahulu.

Dileep mengakui kondisi saat ini berpotensi mendorong permintaan batubara dari pasar Eropa. Kendati demikian, karena kondisi cuaca ketersediaan spot untuk permintaan baru dinilai akan sulit untuk dipenuhi.

Dileep pun enggan mengomentari lebih jauh soal kemungkinan revisi RKAB seiring potensi peningkatan permintaan yang terjadi.

"Ditambah dengan prioritas yang kami tetapkan untuk penjualan domestik (untuk) pemenuhan DMO kami ketimbang ekspor. Mengakibatkan beberapa penundaan ekspor," kata Dileep.

Dileep menambahkan, upaya pemenuhan untuk pasar ekspor diharapkan dapat dikejar seiring membaiknya cuaca. Adapun, untuk kuartal pertama 2022, produksi batubara BUMI diharapkan mencapai sekitar 17 juta ton hingga 18 juta ton.

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Soaring 687%, MIND ID Books Net Profit of Rp 14.33 Trillion

Throughout 2021

Rio Indrawan

S

OE Holding Mining Industry MIND ID, or Mining Industry Indonesia, which consists of PT ANTAM Tbk, PT Bukit Asam Tbk, PT Freeport Indonesia, PT Inalum (Persero) and PT Timah Tbk, recorded a positive performance realization throughout 2021.

Hendi Prio Santoso, President Director of MIND ID, explained that increasing the effectiveness of production and sales of the MIND ID Group by taking advantage of the momentum of improving global commodity prices, has supported the Company's excellent performance growth in 2021, with the achievements of Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of Rp 28.06 trillion, an increase of 149% compared to 2020 of Rp 11.26 trillion.

The company recorded an achievement of gross profit in 2021 of Rp.26.41 trillion and operating profit of Rp.16.67 trillion. In 2021 MIND ID recorded a realized net profit of Rp. 14.33 trillion, an increase of 687% compared to 2020 of Rp. 1.82 trillion.

MIND ID recorded a total revenue of Rp 93.75 trillion in 2021 or an increase of 40% compared to 2020 of Rp 66.57 trillion.

The three largest contributors to the company's revenue came from coal, gold and tin commodities at 32%, 28% and 13%, respectively. Meanwhile, aluminum contributed 9%, ferronickel 7%, nickel ore 5% and others 6%.

Melonjak 687%, MIND ID Bukukan Laba Bersih Rp14,33 Triliun Sepanjang Tahun 2021

Rio Indrawan

B

UMN Holding Industri Pertambangan MIND ID, atau Mining Industry Indonesia, yang beranggotakan PT ANTAM Tbk, PT Bukit Asam Tbk, PT Freeport Indonesia, PT Inalum (Persero) dan PT Timah Tbk, mencatat realisasi kinerja yang positif di sepanjang tahun 2021.

Hendi Prio Santoso, Direktur Utama MIND ID, menjelaskan peningkatan efektivitas produksi dan penjualan Grup MIND ID dengan memanfaatkan momentum per- baikan harga komoditas global, telah mendukung pertumbuhan kinerja Perusahaan tahun 2021 yang sangat baik, dengan capaian Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) sebesar Rp28,06 triliun atau meningkat 149% dibandingkan 2020 sebesar Rp11,26 triliun.

Perusahaan mencatat capaian laba kotor tahun 2021 sebesar Rp26,41 triliun dan laba usaha sebesar Rp16,67 triliun. Pada tahun 2021 MIND ID mencatat realisasi laba bersih sebesar Rp14,33 triliun atau meningkat 687% dibandingkan 2020 sebesar Rp1,82 triliun.

MIND ID mencatat total pendapatan sebesar Rp93,75 triliun pada tahun 2021 atau meningkat 40% dibandingkan 2020 sebesar Rp66,57 triliun. Tiga kontributor terbesar pendapatan perusahaan berasal dari komoditas batu bara, emas dan timah masing-masing sebesar 32%, 28% dan 13%. Sedangkan aluminium berkontribusi 9%, feronikel 7%, bijih nikel 5% dan lain- lain sebesar 6%.

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One of the factors that caused the skyrocketing of the company's financial performance is the high price of commodities.

"With the effectiveness of production and sales performance in all mineral commodities of the MIND ID Group, ranging from gold and precious metal refining services, coal, tin metal and tin solder, aluminum, ferronickel, and nickel ore," said Hendi (8/4).

In addition, he explained that the achievement of the Company's positive performance growth is supported by the synergy of all MIND ID Group Personnel in carrying out all the strategic plans that have been set.

"Operational innovation is carried out to improve cost competitiveness, besides that the Company also pays main attention to new opportunities that support business growth in the future," explained Hendi. (RI)

Salah satu faktor yang sebabkan meroketnya kinerja keuangan perusahaan adalah tingginya harga komoditas.

“Dengan efektivitas kinerja produksi dan penjualan di seluruh komoditas mineral Grup MIND ID, mulai dari emas dan jasa pemurnian logam mulia, batubara, logam timah dan tin solder, aluminium, feronikel, dan bijih nikel,” kata Hendi (8/4).

Selain itu dia menjelaskan pencapaian pertumbuhan kinerja positif Perusahaan di dukung oleh sinergi seluruh Insan Grup MIND ID dalam melaksanakan seluruh rencana strategis yang ditetapkan.

“Inovasi operasional dilakukan untuk meningkatkan daya saing biaya, selain itu Perusahaan juga memberikan perhatian utama pada peluang-peluang baru yang mendukung pertumbuhan bisnis dimasa yang akan datang,” jelas Hendi. (RI)

Freeport Deposits USD 243 Million Dividend in 2021

Reporter: Intan Pratiwi/Editor: Indira Rezkisari

P

T FREEPORT Indonesia (PTFI) will pay a dividend to the government in 2021 amounting to US$243 million. The dividend payment was made on November 12, 2021 ago.

Quoted from MIND ID's financial report, PTFI was able to deposit a dividend of US$234 million or Rp. 3.3 trillion to the government, because PTFI throughout 2021 wrapped up revenues of Rp 107.6 trillion. From this revenue, PTFI pocketed a profit for the year of Rp 35.9 trillion.

Freeport Setor Deviden 243 Juta Dolar AS di 2021

Reporter: Intan Pratiwi/Redaksi: Indira Rezkisari

P

T FREEPORT Indonesia (PTFI) menyetor- kan deviden kepada pemerintah pada 2021 sebesar 243 juta dolar AS. Pembayaran deviden tersebut dilakukan pada 12 November 2021 silam.

Dikutip dari laporan keuangan MIND ID, PTFI mampu menyetorkan deviden 234 juta dolar AS atau Rp 3,3 triliun kepada pemerintah karena PTFI sepanjang 2021 membungkus pendapatan sebesar Rp 107,6 triliun. Dari pendapatan tersebut, maka PTFI mengantongi laba tahun berjalan sebesar Rp 35,9 triliun.

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Freeport's contribution also boosted the performance of the MIND ID holding group in 2021. The BUMN Mining Holding Group, MIND ID in 2021 yesterday pocketed a net profit of Rp. 14.33 trillion, up 687 percent compared to the realization in 2020 which was Rp. 1.82 trillion.

MIND ID President Director Hendi Prio Santoso explained that this increase in net profit could be achieved due to the solid performance of all subsidiaries under MIND ID. The positive condition was also supported by the increase in commodity prices which improved the performance of the subsidiaries under MIND ID.

"Operational innovation is carried out to improve cost competitiveness, besides that the Company also pays main attention to new opportunities that support business growth in the future," said Hendi.

Hendi explained that the net profit pocketed by this company was obtained from revenues throughout 2021 which reached Rp 93.75 trillion. This income is up 40 percent compared to the 2020 realization of Rp. 66.57 trillion.

Hendi detailed that the largest contributor to the company's revenue came from coal, gold and tin commodities at 32 percent, 28 percent and 13 percent, respectively. While aluminum contributes 9 percent, ferronickel 7 percent, nickel ore 5 percent and others by 6 percent.

Kontribusi Freeport ini turut mendongkrak kinerja grup holding MIND ID pada 2021.

Grup Holding Pertambangan BUMN, MIND ID pada 2021 kemarin mengantongi laba bersih Rp 14,33 triliun atau naik 687 persen dibandingkan realisasi 2020 yang sebesar Rp 1,82 triliun.

Direktur Utama MIND ID Hendi Prio Santoso menjelaskan kenaikan laba bersih ini bisa dicapai karena kinerja solid semua anak perusahaan di bawah MIND ID.

Kondisi positif juga didukung dari kenaikan harga komoditas yang meningkatkan performa kinerja anak usaha di bawah MIND ID.

"Inovasi operasional dilakukan untuk meningkatkan daya saing biaya, selain itu Perusahaan juga memberikan perhatian utama pada peluang-peluang baru yang mendukung pertumbuhan bisnis dimasa yang akan datang," ujar Hendi.

Hendi menjelaskan laba bersih yang dikantongi perusahaan ini didapat dari pendapatan sepanjang 2021 yang mencapai Rp 93,75 triliun. Pendapatan ini naik 40 persen dibandingkan realisasi 2020 sebesar Rp 66,57 triliun.

Hendi merinci kontributor terbesar pendapatan perusahaan berasal dari komoditas batubara, emas dan timah masing- masing sebesar 32 persen, 28 persen dan 13 persen. Sedangkan aluminium berkontribusi 9 persen, feronikel 7 persen, bijih nikel 5 persen dan lain-lain sebesar 6 persen.

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Russian Coal Embargo, Adaro Energy (ADRO) Still Maintains

Existing Market

Reporter: Muhammad Julian | Editor: Yudho Winarto

P

T ADARO Energy Indonesia Tbk (ADRO) will still maintain its existing market share in the midst of emerging opportunities for coal demand from the European Union.

ADRO's Head of Corporate Communication, Febriati Nadira, said that the majority of ADRO's customers are in the Asia Pacific region with contracted volumes.

"Adaro will also always follow the DMO (domestic market obligation) provisions and we are still maintaining exports in Southeast Asia, China, East Asia, India, New Zealand," said the woman who is familiar with Ira's greeting to Kontan.co.id (10/4).

In line with the unchanged sales plan, ADRO does not plan to submit a revised Work Plan and Budget (RKAB) to hoist the coal production plan.

ADRO's work plan for the fiscal year 2022 is still the same, namely pursuing a production target of 58 million - 60 million tons of coal with a stripping ratio of 4.1x in 2022.

With this target, ADRO is targeting operating income before interest, taxes, depreciation and amortization aka Earning Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of US$ 1.9 billion – US$ 2.2 billion. "The production guidelines for 2022 have not changed," said Ira.

Previously, the European Union (EU) approved the Russian coal embargo on Thursday (7/4). This policy creates new market opportunities for Indonesia.

Embargo Batubara Rusia, Adaro Energy (ADRO) Masih

Pertahankan Pasar Eksisting

Reporter: Muhammad Julian | Editor: Yudho Winarto

P

T ADARO Energy Indonesia Tbk (ADRO) masih akan mempertahankan pangsa pasar eksisting di tengah munculnya peluang permintaan batubara dari Uni Eropa.

Head of Corporate Communication ADRO, Febriati Nadira mengatakan, pelanggan ADRO mayoritas berada di wilayah Asia Pasifik dengan volume yang sudah terkontrak.

“Adaro juga akan senantiasa mengikuti keten- tuan DMO (domestic market obligation) dan kami masih me-maintain ekspor di wilayah Asia Tenggara, China, Asia Timur, India, Selandia Baru,” tutur perempuan yang akrab dengan sapaan Ira itu kepada Kontan.co.id (10/4).

Sejalan dengan rencana penjualan yang belum berubah, ADRO belum berencana mengajukan revisi Rencana Kerja dan Anggaran Biaya (RKAB) untuk mengerek rencana produksi batubara.

Rencana kerja ADRO untuk tahun buku 2022 masih sama, yakni mengejar target produksi 58 juta - 60 juta ton batubara dengan nisbah kupas 4,1x di tahun 2022.

Dengan target tersebut, ADRO membidik pendapatan sebelum bunga, pajak, depresiasi, dan amortisasi alias Earning Before Interest, Taxes, Depreciation, and Amortization (EBITDA) operasional sebesar US$ 1,9 miliar – US$ 2,2 miliar. “Untuk panduan produksi tahun 2022 masih belum berubah,” tutur Ira.

Sebelumnya, Uni Eropa (UE) menyetujui embargo batubara Rusia pada Kamis (7/4).

Kebijakan tersebut menciptakan peluang pasar baru bagi Indonesia.

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According to information obtained by Kontan.co.id, a number of explorations of coal buying and selling transactions between suppliers in Indonesia and buyers in the European Union are reported to have taken place.

However, Kontan.co.id has not yet pocketed the names of any local coal companies that have explored potential buyers in the European Union.

On the other hand, although new demand opportunities have emerged from European Union countries, the Ministry of Energy and Mineral Resources (MEMR) noted that no coal company has submitted a revised RKAB to increase production targets.

However, the Ministry of EMR is ready to process a request for a revised RKAB if a coal company submits it.

"Later, it will be evaluated according to the FS (feasibility study) and the AMDAL (Analysis of Environmental Impacts)," said Director of Coal Development and Exploitation of the Ministry of EMR, Lana Saria when contacted by Kontan.co.id (10/4).

This year, the Ministry of EMR has launched a coal production plan of 663 million tons. From the production plan, the government set a coal DMO plan of 166 million tons.

So far, Lana admitted that she could not confirm whether in the future the Ministry of EMR might change/increase this production plan in connection with the emergence of coal demand from the European Union, or not. "We'll see how the directions are, I can't speak right now,"

said Lana.

Informasi yang didapat Kontan.co.id, sejumlah penjajakan transaksi jual beli batubara antara pemasok di Indonesia dengan pembeli di Uni Eropa dikabarkan telah berlangsung.

Hanya saja, Kontan.co.id belum mengantongi nama-nama perusahaan batubara lokal mana saja yang telah melakukan penjajakan dengan calon pembeli di Uni Eropa.

Di sisi lain, meski telah muncul peluang permintaan baru dari negara-negara Uni Eropa, Kementerian Energi dan Sumber Daya Mineral (ESDM) mencatat, belum ada perusahaan batubara yang mengajukan revisi RKAB untuk meningkatkan target produksi.

Namun, Kementerian ESDM siap mem- proses permohonan revisi RKAB jika ada perusahaan batubara yang mengajukan.

“Nanti akan dievaluasi sesuai FS (feasibility study/studi kelayakan) dan AMDAL-nya (Analisis Mengenai Dampak Lingkungan Hidup),” tutur Direktur Pembinaan dan Pengusahaan Batubara Kementerian ESDM, Lana Saria saat dihubungi Kontan.co.id (10/4).

Tahun ini, Kementerian ESDM mencanang- kan rencana produksi batubara 663 juta ton. Dari rencana produksi itu, pemerintah menetapkan rencana DMO batubara sebanyak 166 juta ton.

Sejauh ini, Lana mengaku belum bisa mengonfirmasi apakah ke depannya Kementerian ESDM berkemungkinan mengubah/menaikkan rencana produksi ini sehubungan dengan munculnya permintaan batubara dari Uni Eropa, atau tidak. “Nanti dilihat ya arahannya bagaimana, saya belum bisa ngomong sekarang,”

ucap Lana.

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Coal Prices Still Potentially Rise, These Are Stock

Recommendations

Author: Mutiara Nabila

G

LOBAL coal prices still have the potential to strengthen, especially after the European Union re-imposed sanctions for a ban on coal purchases from Russia.

The price increase is related to the proposed sanctions imposed on Russia.

The proposed new sanctions follow uncertainty about future gas shipments from Russia to the European Union, especially after Russia asked buyers to pay in rubles.

Buyers in Europe will increase the demand for shipments from other countries in the world. It is expected that this will bring benefits to Australia and Indonesia as European buyers generally seek alternative importers to meet their energy needs.

Mirae Asset Sekuritas Indonesia analyst Juan Harahap said, with the current high price, coal prices will be profitable for companies that have large export levels.

Moreover, the current average price exceeds the highest domestic selling price set by the government based on the DMO regulation.

“Based on our records, PT Indo Tambangraya Megah Tbk. [ITMG] has the largest export portion, which is 76 percent, compared to PT Adaro Energy Indonesia Tbk. [ADRO] and PT Bukit Asam Tbk.

[PTBA] with a level portion of 72 percent and 43 percent, respectively," he explained in the research, quoted on Sunday (10/4/2022).

Harga Batu Bara Masih Berpotensi Naik, Ini Rekomendasi Sahamnya

Author: Mutiara Nabila

H

ARGA batu bara global masih berpotensi menguat, terutama setelah Uni Eropa kembali memberikan sanksi untuk larangan pembelian batu bara dari Rusia.

Kenaikan harga berkaitan dengan usulan sanksi kepada yang diberikan kepada Rusia. Usulan sanksi yang baru menyusul ketidakpastian tentang pengiriman gas di masa mendatang dari Rusia ke Uni Eropa, terutama setelah Rusia meminta pem- belinya untuk membayar dengan mata uang rubel.

Para pembeli di Eropa akan meningkatkan permintaan pengiriman dari berbagai negara lain di dunia. Hal ini diperkirakan hal ini akan membawa keuntungan ke Australia dan Indonesia karena pembeli Eropa umumnya mencari pengimpor alternatif untuk memenuhi kebutuhan energinya.

Analis Mirae Asset Sekuritas Indonesia Juan Harahap mengatakan, dengan harga tinggi saat ini, harga batu bara akan menguntungkan bagi perusahaan yang memiliki tingkat ekspor besar. Apalagi harga rata-rata saat ini melebihi harga jual domestik tertinggi yang ditetapkan oleh pemerintah berdasarkan peraturan DMO.

“Berdasarkan catatan kami, PT Indo Tambangraya Megah Tbk. [ITMG] memiliki porsi ekspor terbesar yaitu 76 persen, dibandingkan PT Adaro Energy Indonesia Tbk. [ADRO] dan PT Bukit Asam Tbk.

[PTBA] dengan porsi level masing-masing 72 persen dan 43 persen,” jelasnya dalam riset, dikutip Minggu (10/4/2022).

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In addition to higher coal prices, Mirae Asset Sekuritas also sees the potential for an increase to come from higher production from coal miners.

ADRO and PTBA, for example, are targeting to increase their production volumes to 59 million tons, respectively, up 12 percent yoy and 36 million tons, or up 21 percent yoy. Meanwhile, ITMG management expects to see a slight increase of 19 million tonnes or up 1.6 percent yoy in 2022.

"We maintain the Overweight rating for the Indonesian coal sector and choose ITMG as the first choice with a target price of 37,000," Juan wrote.

Meanwhile, the recommendation for ITMG shares was given because the company is highly concentrated in the thermal coal business, has the characteristics of medium to high calorie coal, has the largest export portion in Mirae Asset coverage, and provides high dividend yields.

Meanwhile, ADRO shares are also recommended to be purchased with a target price of Rp.3,700 and PTBA to be purchased with a target price of Rp.4,500.

Editor : Hafiyyan

Selain harga batubara yang lebih tinggi, Mirae Asset Sekuritas juga melihat potensi kenaikan berasal dari produksi yang lebih tinggi dari penambang batu bara.

ADRO dan PTBA misalnya, menargetkan untuk meningkatkan volume produksi mereka masing-masing menjadi 59 juta ton atau naik 12 persen yoy dan 36 juta ton atau naik 21 persen yoy. Sementara itu, manajemen ITMG memperkirakan akan melihat sedikit peningkatan sebesar 19 juta ton atau naik 1,6 persen yoy pada 2022.

“Kami mempertahankan rating Overweight pada sektor batubara Indonesia dan me- milih ITMG sebagai pilihan utama dengan target harga di 37.000,” tulis Juan.

Adapun, rekomendasi saham ITMG diberikan karena perusahaan tersebut sangat terkonsentrasi di bisnis batu bara termal, memiliki karakteristik batu bara kalori sedang hingga tinggi, memiliki porsi ekspor terbesar dalam cakupan Mirae Asset, dan memberikan hasil dividen yang tinggi.

Sementara itu, saham ADRO juga direko- mendasikan beli dengan target harga di Rp3.700 dan PTBA dibeli dengan target harga di Rp4.500. Editor : Hafiyyan

Already Up 18%, Coal Prices Are Predicted to Still Skyrocket!

Maesaroh, CNBC Indonesia

C

OAL prices skyrocketed 18.8% last week.

The price of the black stone is estimated to still fly this week and pass the level of US$

300 per ton.

Sudah Nanjak 18%, Harga Batu Bara Diramal Masih Bisa Meroket!

Maesaroh, CNBC Indonesia

H

ARGA batu bara meroket 18,8% pada pekan lalu. Harga si batu hitam diperkirakan masih akan terbang pada pekan ini dan melewati level US$ 300 per ton.

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On Friday (1/4/2022) trading, coal prices closed up 4.2% at US$ 299.5 per ton. This is the highest since March 15 (US$ 303.35 per tonne).

Since the beginning of the month, coal prices have always been in a strengthening trend, except on April 7, where coal had weakened 1.85%.

Overall, coal prices jumped 18.8% last week. During the year the price has soared 250.3%.

The skyrocketing coal price last week was triggered by the European Union's decision to stop coal imports from Russia starting in mid-August this year. Japan then followed the steps of these countries by announcing a ban on coal imports from Russia.

"Russia continues to violate international law by killing civilians and attacking nuclear plants. This is an unforgivable crime. Japan will stand with the Ukrainian people," Japanese Prime Minister Fumio Kishida said, as quoted by Reuters.

Japan is the world's largest coal importer after China and India. Russia supplies 11%

of Japan's coal imports. Russia's supply only lost to Australia (60%) and Indonesia (13%).

Following the import ban from Russia, Japan is reportedly approaching a number of countries, including Indonesia, to patch up supplies left by Russia.

The ban on imports of Russian coal has of course made the competition for new suppliers tighter so that coal prices are expected to continue to soar this week.

"Coal prices will skyrocket next week the same as last week due to the embargo of Western countries on coal products from Russia. This will have an impact on the lack of supply for European countries,...

Pada perdagangan Jumat (1/4/2022), harga batu bara ditutup menguat 4,2% di US$ 299,5 per ton. Ini tersebut adalah yang ter-tinggi sejak 15 Maret (US$ 303,35 per ton).

Sejak awal bulan, harga batu bara selalu berada dalam tren penguatan, kecuali pada 7 April lalu di mana batu bara sempat melemah 1,85%.

Secara keseluruhan, harga batu bara melonjak 18,8% sepekan lalu. Selama setahun harganya sudah melejit 250,3%.

Meroketnya harga batu bara pekan lalu dipicu keputusan Uni Eropa yang akan mem- berhentikan impor batu bara dari Rusia mulai pertengahan Agustus tahun ini. Jepang kemudian menyusul langkah negara-negara tersebut dengan mengumumkan larangan impor batu bara dari Rusia.

"Rusia terus melanggar hukum internasional dengan membunuh warga sipil dan menyerang pembangkit nuklir. Ini adalah kejahatan yang tidak termaafkan. Jepang akan berdiri bersama masyarakat Ukraina," tutur Perdana Menteri Jepang Fumio Kishida, seperti dikutip dari Reuters.

Jepang adalah importir batu bara terbesar di dunia setelah China dan India. Rusia memasok 11% kebutuhan impor batu bara Jepang.

Pasokan Rusia hanya kalah dari Australia (60%) dan Indonesia (13%).

Menyusul larangan impor dari Rusia, Jepang pun dikabarkan tengah mendekati sejumlah negara termasuk Indonesia untuk menambal pasokan yang ditinggalkan Rusia.

Larangan impor batu bara Rusia tentu saja membuat persaingan untuk mendapatkan pemasok baru makin ketat sehingga harga batu bara diperkirakan terus melambung pekan ini.

"Harga batu bara akan melejit minggu depan sama seperti minggu lalu dikarenakan embargo negara Barat akan produk batu bara dari Rusia.

Hal ini akan berdampak terhadap kurangnya pasokan bagi negara-negara Eropa...

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This will have an impact on the lack of supply for European countries, where at this time they will return to using coal in the midst of the current crisis because gas and oil prices have increased quite high,"

said Energy Watch Executive Director Mamit Setiawan to CNBC Indonesia, Sunday (10/4).

Mamit explained that coal is a cheaper solution for Western countries than other energy sources such as gas. The exclusion of Russia from the European Union and Japan's coal suppliers provides an opportunity for Indonesian producers to take Russia's position.

"This is an opportunity for Indonesia and Australia to take the European Union market," he added.

Hal ini akan berdampak terhadap kurangnya pasokan bagi negara-negara Eropa di mana saat ini mereka akan kembali menggunakan batu bara di tengah krisis yang terjadi saat ini karena harga gas dan minyak mengalami kenaikan yang cukup tinggi," tutur Direktur Eksekutif Energy Watch Mamit Setiawan kepada CNBC Indonesia, Minggu (10/4).

Mamit menjelaskan batu bara menjadi solusi yang lebih murah bagi negara Barat dibandingkan sumber energi lain seperti gas. Dicoretnya Rusia dari penyuplai batu bara Uni Eropa dan Jepang memberi celah bagi produsen Tanah Air untuk mengambil posisi Rusia.

"Ini menjadi peluang bagi Indonesia dan Australia untuk mengambil pasar Uni Eropa," imbuhnya.

Top 12 Destination Countries for Indonesian Coal Exports (US$ Million)

Country Export Value

Jan-Dec 2021 Jan-Feb 2022

China 9144.1 669.3

India 4078.7 822.4

Japan 2540.6 613.6

Malaysia 2363.3 281.3

Philippines 2347.0 357.2

South Korea 1422.7 314.3

Taiwan 1167.4 156.3

Vietnam 960.2 58.1

Thailand 869.1 113.8

Hong Kong 485.4 51.0

Bangladesh 431.7 110.2

Pakistan 233.1 31.8

Table: Maesaroh Source: BPS Created with Datawrapper Bank Mandiri Industry Analyst Ahmad

Zuhdi estimates that coal prices will again penetrate the US$ 300 per tonne limit. In addition to the import ban from European Union countries, demand for black gold is also still high from China and India.

Analis Industri Bank Mandiri Ahmad Zuhdi memperkirakan harga batu bara kembali akan menembus batas US$ 300 per ton.

Selain larangan impor dari negara Uni Eropa, permintaan terhadap emas hitam juga masih tingi dari China dan India.

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"For next week we see coal will break above USD300 per ton again. The main bullish sentiment is the European Union which prohibits coal imports from Russia,"

said Zuhdi to CNBC Indonesia.

He added that a number of European Union countries rely on coal imports from Russia for their coal needs. "With this ban, they have to look for other sources that other coal-producing countries may not be able to cover," he said.

Coal prices have skyrocketed since late February after Russia attacked Ukraine. At the beginning of February, the price of coal was still below US$ 200 per tonne but then soared to the level of US$ 300 and even set a record on March 2, 2022 at the level of US$ 446.00 per ton. The current price of coal is like the earth and the sky when compared to the period of April 8, 2021, where the price is still US$ 84.45 per ton.

Head of Research at Mirae Asset Sekuritas, Hariyanto Wijaya, said that a series of bans on imports of Russian coal would be beneficial for the Indonesian coal industry because the reduced supply for seaborne coal would keep global coal prices at a favorable price. According to Mirae's notes, Indo Tambangraya Megah (ITMG) has the largest export portion at 76% compared to Adaro Energy Indonesia (ADRO) at 72%

and Bukit Asam (PTBA) at 43%.

The increase in coal prices was also triggered by the ongoing heat of the Russo- Ukrainian war. Most recently, presidential adviser Mykhaylo Podolyak said Ukraine was ready for a tougher and bigger battle against Russia in the Donbas, which is one of the separatist military strongholds.

Sunday (10/4/2022), Russia's Defense Ministry said it had launched missile attacks on several parts of Ukraine on Saturday night. CNBC INDONESIA RESEARCH TEAM (mae/mae)

"Untuk minggu depan kami melihat batubara akan tembus ke atas USD300 per ton lagi.

Sentimen bullish utamanya adalah Uni Eropa yang melakukan pelarangan impor batu bara dari Rusia," tutur Zuhdi kepada CNBC Indonesia.

Dia menambahkan sejumlah negara Uni Eropa mengandalkan impor batu bara dari Rusia untuk kebutuhan batubara mereka. "Dengan diberlakukan ban ini, mereka harus mencari sumber lain yang mungkin tidak bisa di-cover oleh negara penghasil batu bara lainnya,"

ujarnya.

Harga batu bara melonjak tajam sejak akhir Februari lalu setelah Rusia menyerang Ukraina.

Pada awal Februari, harga batu bara masih di bawah US$ 200 per ton tetapi kemudian melonjak ke level US$ 300 dan bahkan mencetak rekor pada 2 Maret 2022 di level US$ 446, 00 per ton. Harga batu bara saat ini seperti bumi dan langit jika dibandingkan pada periode 8 April 2021 di mana harga masih US$ 84,45 per ton.

Kepala Research Mirae Asset Sekuritas Hariyanto Wijaya mengatakan serangkaian larangan impor batubara Rusia akan ber- manfaat bagi industri batu bara Indonesia karena berkurangnya pasokan untuk batu-bara seaborne akan membuat harga batubara global tetap berada pada harga yang menguntungkan.

Dalam catatan Mirae, Indo Tambangraya Megah (ITMG) memiliki porsi ekspor terbesar yaitu 76% dibandingkan Adaro Energy Indonesia (ADRO) yakni 72% dan Bukit Asam (PTBA) yakni 43%.

Kenaikan harga batu bara juga dipicu masih panasnya perang Rusia-Ukraina. Terbaru, penasihat presiden Mykhaylo Podolyak mengatakan Ukraina siap melakukan pertempuran sengit dan lebih besar melawan Rusia di Donbas yang menjadi salah satu markas militer kelompok separatis. Minggu (10/4/2022), Kementerian Pertahanan Rusia mengatakan mereka telah meluncurkan serangan rudal ke beberapa wilayah Ukraina pada Sabtu malam.

TIM RISET CNBC INDONESIA (mae/mae)

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Coal Reserves 31.7 Billion Tons, Government Optimizing for

Domestic and Export

Rahmawati

T

HE COAL industry is considered to still play an important role for energy needs in the next few years. For this year, the trend of high coal prices continues.

Not only that, the European Union's plan to ban Russian coal exports will further encourage demand, especially from the European market.

At least, in recent years Indonesia's coal production has always been above 500 million tons. In 2018, coal production reached 557.77 million tons. Production then increased to 616.16 million tons in 2019. Production had dropped to 565.69 million tons in 2020 before increasing again in 2021 to 608.69 million tons. For this year, production is targeted to reach 663 million tons.

Referring to the records of the Ministry of Energy and Mineral Resources (MEMR), Indonesia's total coal resources reached 91.6 billion tons. Meanwhile, coal reserves reached 31.7 billion tons.

"We have to manage this coal resource in such a way that its use is guaranteed for domestic supply and for investment or state revenue for export," said the Director of Coal Business Development Lana Saria in a virtual discussion recently.

A number of coal companies are also noted to be focusing on maintaining production in the midst of the current rising price trend. For example,...

Cadangan Batubara 31,7 Miliar Ton, Pemerintah Optimalisasi

untuk Domestik dan Ekspor

Rahmawati

I

NDUSTRI batubara dinilai masih akan meme- gang peranan penting untuk kebutuhan energi dalam beberapa tahun mendatang. Untuk tahun ini, tren harga tinggi batubara masih terus berlanjut.

Tak hanya itu, rencana larangan ekspor batubara Rusia oleh Uni Eropa dinilai bakal kian mendorong permintaan khususnya dari pasar Eropa.

Setidaknya, dalam beberapa tahun terakhir produksi batubara Indonesia selalu berada di atas 500 juta ton. Pada 2018 lalu produksi batubara mencapai 557,77 juta ton. Produksi kemudian meningkat jadi 616,16 juta ton di 2019. Produksi sempat turun menjadi 565,69 juta ton di 2020 sebelum kembali meningkat pada 2021 menjadi 608,69 juta ton. Untuk tahun ini, produksi ditargetkan mencapai 663 juta ton.

Merujuk catatan Kementerian Energi dan Sumber Daya Mineral (ESDM), jumlah sumberdaya batubara Indonesia mencapai 91,6 miliar ton. Sementara cadangan batubara mencapai 31,7 miliar ton.

"Sumber daya batubara ini yang kemudian harus kita kelola sedemikian rupa bagaimana penggunaannya juga terjamin untuk pasokan dalam negeri dan dalam rangka investasi atau penerimaan negara untuk dilakukan ekspor,"

ungkap Direktur Pembinaan Pengusahaan Batubara Lana Saria dalam diskusi virtual belum lama ini.

Sejumlah perusahaan batubara pun tercatat tengah berfokus menjaga produksi di tengah tren kenaikan harga yang terjadi saat ini. PT Bumi Resources Tbk (BUMI) misalnya...

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For example, PT Bumi Resources Tbk (BUMI) has coal reserves of 2.46 billion tons and coal resources of 10 billion tons.

BUMI is still facing weather challenges in its production activities. "Coupled with the priority we have set for domestic sales (for) our DMO fulfillment rather than exports. (This) has resulted in several export delays," said BUMI Director Dileep Srivastava to Kontan.co.id, Sunday (10/4).

Dileep added that the fulfillment efforts for the export market are expected to be pursued as the weather improves. Mean- while, for the first quarter of 2022, BUMI's coal production is expected to reach around 17 million to 18 million tons.

Meanwhile, Head of Corporate Communi- cation of PT Indika Energy Tbk (INDY) Ricky Fernando admitted that the increase in coal prices had a positive impact on the company's performance.

"The increase in the reference coal price has a positive impact on the company's performance. Throughout 2021, Indika Energy recorded a Net Profit of US$ 57.7 million and a Core Profit of US$ 227.9 million," Ricky told Kontan recently.

However, Ricky has not been able to elaborate further on the amount of production until the first quarter of 2022.

Indika Energy is the third largest coal producer in Indonesia through PT Kideco Jaya Agung and PT Multi Tambangjaya Utama (MUTU).

Kideco has reserves of 651 million tonnes and resources of 1.37 billion tonnes.

Meanwhile, MUTU has reserves of 40.6 million tons and resources of 75.2 million tons.

PT Golden Eagle Energy Tbk (SMMT) seeks to take advantage of the momentum of the rising coal price trend to boost the company's performance in 2022.

PT Bumi Resources Tbk (BUMI) misalnya memiliki cadangan batubara mencapai 2,46 miliar ton dan sumber daya batubara mencapai 10 miliar ton.

BUMI kini masih menghadapi tantangan cuaca pada kegiatan produksi. "Ditambah dengan prioritas yang kami tetapkan untuk penjualan domestik (untuk) pemenuhan DMO kami ketimbang ekspor. (Ini) mengakibatkan beberapa penundaan ekspor,"

kata Direktur BUMI Dileep Srivastava kepada Kontan.co.id, Minggu (10/4).

Dileep menambahkan, upaya pemenuhan untuk pasar ekspor diharapkan dapat dikejar seiring membaiknya cuaca. Adapun, untuk kuartal I 2022 ini produksi batubara BUMI diharapkan mencapai sekitar 17 juta ton hingga 18 juta ton.

Sementara itu, Head of Corporate Communi- cation PT Indika Energy Tbk (INDY) Ricky Fernando mengakui peningkatan harga batubara berdampak positif pada kinerja perusahaan.

"Meningkatnya harga batubara acuan berdampak positif pada kinerja perusahaan.

Sepanjang tahun 2021, Indika Energy mencetak Laba Bersih US$ 57,7 juta dan Laba Inti US$ 227,9 juta," ungkap Ricky kepada Kontan, belum lama ini.

Tapi, Ricky belum bisa merinci lebih jauh besaran produksi hingga kuartal pertama 2022. Indika Energy menjadi produsen batubara terbesar ketiga di Indonesia lewat PT Kideco Jaya Agung dan PT Multi Tambangjaya Utama (MUTU).

Kideco memiliki cadangan sebesar 651 juta ton dan sumberdaya sebesar 1,37 miliar ton.

Sementara MUTU memiliki cadangan sebesar 40,6 juta ton dan sumber daya 75,2 juta ton.

PT Golden Eagle Energy Tbk (SMMT) ber- upaya memanfaatkan momentum tren kenaikan harga batubara untuk mendongkrak kinerja perusahaan di tahun 2022.

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Golden Eagle Energy President Director Roza Permana Putra said that this year SMMT targets coal sales to grow 15% -20%

compared to last year's realization.

previously.

For information, in 2021, SMMT's coal sales volume rose 67% to 2.04 million tons.

Referring to the targets mentioned earlier, SMMT's coal sales this year can reach the range of 2.34 million tons to 2.44 million tons.

"The increase in coal sales is expected to have an impact on our financial performance, both on the top line and bottom line," explained Roza in an incidental public expose, Friday (8/4).

It is believed that this target can be achieved considering that coal prices continue to soar in the global market. This is in line with global coal demand which is predicted to grow 2% in 2022, where China and India are still the largest consumers of this commodity.

In addition, the economic sanctions imposed on Russia have increased the demand for coal in the European region.

SMMT also looks at the opportunity to sell coal in order to meet the energy needs of the Blue Continent.

SMMT is recorded to have a mine area of 8,526 ha with a total resource of 647 million tons and a total reserve of 428 million tons.

Direktur Utama Golden Eagle Energy Roza Permana Putra menyampaikan, pada tahun ini SMMT membidik penjualan batubara dapat tumbuh 15%-20% dibandingkan realisasi tahun sebelumnya.

Sebagai informasi, tahun 2021 lalu volume penjualan batubara SMMT naik 67% menjadi 2,04 juta ton. Jika mengacu pada target yang disebutkan tadi, maka penjualan batubara SMMT pada tahun ini dapat mencapai kisaran 2,34 juta ton hingga 2,44 juta ton.

“Kenaikan penjualan batubara tersebut diharapkan akan berdampak bagi kinerja keuangan kami, baik secara top line maupun bottom line,” terang Roza dalam paparan publik insidentil, Jumat (8/4).

Target tersebut diyakini dapat tercapai mengingat harga batubara masih terus melonjak di pasar global. Hal ini sejalan dengan permintaan batubara global yang diprediksi tumbuh 2% pada tahun 2022, yang mana China dan India masih menjadi konsumen terbesar untuk komoditas tersebut.

Ditambah lagi, adanya sanksi ekonomi yang dijatuhkan kepada Rusia membuat kebutuhan batubara di kawasan Eropa mengalami peningkatan. SMMT pun melirik peluang untuk melakukan penjualan batubara dalam rangka memenuhi kebutuhan energi di Benua Biru.

SMMT tercatat memiliki luasan tambang mencapai 8.526 ha dengan total sumberdaya mencapai 647 juta ton dan total cadangan 428 juta ton.

Copper bounces on tight supplies, China stimulus hopes

C

OPPER prices rebounded on Friday after two days of declines, bolstered by tight supply, hopes of more Chinese stimulus and firmer oil prices.

Benchmark copper on the London Metal Exchange gained 0.2% to $10,335 a tonne by 1630 GMT.

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"Base metals have been tracking to some extent to what's going on in energy markets, not least because that pushes up their costs," said Caroline Bain, chief commodities economist at Capital Economics.

"Supply of most metals is constrained, stocks are low, so we're forecasting prices will stay high for most of this year, even with the slowdown in China."

Bain said metals prices may also be supported by optimism about major stimulus measures in China, although Capital Economics was wary about that.

"For now we're sticking with the view that we're not going to see a big stimulus package unless the COVID situation really deteriorates," she said.

Shanghai on Friday announced a record 21,000 new cases and a third consecutive day of COVID testing as a lockdown of its 26 million people showed no sign of easing and other Chinese cities tightened curbs.

(Reporting by Eric Onstad; editing by David Evans, Kirsten Donovan)

Metso Outotec to deliver compact iron ore pellet plant to NMDC operation

Posted by Daniel Gleeson

M

ETSO Outotec says it has signed an agreement for the delivery of engineering and key equipment for an iron ore travelling grate pellet plant with NMDC Limited, a Government of India public enterprise.

Metso Outotec’s order value is €24 million ($26 million) and it has been booked in the company’s Metals Q1 (March quarter) 2022 orders received.

The compact, 3-m-wide travelling grate pellet plant will be installed in Nagarnagar, Chhattisgarh, in central India. The plant, which will produce 2 Mt/y of high-quality iron ore pellets, is expected to go into production in 2024, Metso Outotec says.

“We have delivered several large-size pellet plants to India, and are excited to cater also for the smaller size plants’ market,” Matthias Gabriel, Director of Ferrous Solutions at Metso Outotec, says.

Metso Outotec says it is the leading supplier of travelling grate pelletising technology, with an installed worldwide base of over 100 plants.

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Impact of global coal price and supply turbulences controllable on Chinese market

By GT staff reporters

A

S the EU imposed embargoes on coal from Russia, which is a major global supplier, international coal prices continue to hike, raising concerns over energy supply and security.

For China, which is the world's largest coal importer, however, only eight percent of its supply is dependent on imports. Therefore, the international coal prices and supply turbulences will have little impact on domestic coal supply, or at least the impact is controllable, analysts said.

On Friday, the EU imposed a fifth package of sanctions on Russia, including an import ban on all forms of Russian coal. This will affect one fourth of all Russian coal exports, amounting to a loss of around 8 billion euro ($8.7 billion) of revenue per year for Russia, according to European Commission.

Russia exported more than 200 million tons of coal in 2021, accounting for 17 percent of global coal exports and nearly 50 million tons to Europe. And for some major economies in Europe, the share is even higher.

For instance, Germany received 55 percent of its natural gas, 50 percent of its coal, and 35 percent of its oil from Russia, according to Germany's Economy Minister.

The EU embargoes mean that about 50 million tons of Russia coal need to find new markets, while the EU also needs to find other sources to fill the 50-million-ton gap, an analyst surnamed Li from an industry association, told the Global Times on Sunday.

"For both sides, the need is in emergency, which will definitely push up global exporters' coal prices. But Russian coal prices may see a decline if it is in a hurry to sell energy. In any case, the global coal market faces turbulence as the current relationship between demand and supply is disrupted," said Li.

Energy consumption will continue to grow, and we expect global consumption to reach 8 billion tons of standard coal in 2022. And, there are clear signs that coal, natural gas and other new energy prices will still continue to rise, according to Li.

Largest importer

China imported 323 million tons of coal in 2021, up 6.6 percent year-on-year, with a total import value of 231.93 billion yuan ($36.4 billion), up 64.1 percent year-on-year, according to statistics released by the General Administration of Customs.

The major sources of imported thermal coal were Indonesia, Russia, Mongolia, South Africa, Colombia, the US, Canada, Kazakhstan and the Philippines in 2021, according to statistics from the customs.

Indonesia is the biggest coal exporter to China. In 2021, China imported about 190 million tons of coal from Indonesia, accounting for nearly 60 percent of its imports.

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A coal analyst surnamed Wang, told the Global Times that the price hike of Indonesian coal will indeed have an impact on the domestic coal imports, especially in northern China.

In April, the benchmark price of Indonesian thermal coal was quoted at $288.4 per ton, up 41.59 percent from March, and up 232.72 percent year-on-year, setting a new high.

"The rise in Indonesian coal prices further widens the price difference between domestic and foreign coal. The high price difference will further restrain the enthusiasm of import in northern China and thus have a great impact on supply," said Wang.

According to Wang, after considering calorific value, sea freight, exchange rates and value- added tax, the corresponding price of Indonesian coal arriving at ports in northern China is calculated to be 1,925 yuan per ton, which is about 576 yuan per ton higher than the cost at ports in southern China.

Big producer

But Li said that although China is the world's largest importer of coal, it is only eight percent dependent on imports, since it is also a big producer of coal.

"Because of the global coal trading scale is about 1.3 billion tons per year, China's imports of 300 million tons holds a pivotal position in the whole world. In many cases, it is China's coal market that drives the global coal trade, and changes in China's supply and demand determine the direction of global coal prices," Li noted.

According to Li's association, by the end of 2021, the effective production capacity of China's coal industry reached 4.15 billion tons.

Li also said that China's sources of coal imports are diversified, which helped reduce the risks of turbulences in supply and prices.

"More and more countries will want to sell coal to China, since it will probably remain to be the world's largest coal importer in the next five years. Because of the COVID-19 pandemic, the global economic outlook is grim. Earning foreign currency by exporting coal and other minerals is one of the best ways to escape an economic haze for many energy exporters," said Li.

Since China's coal capacity expansion has been largely for internal supply, with little export, and other large coal producers are struggling to quickly ramp up production after a long period of depressed capital spending, imbalances in global coal trade are inevitable, and the result of falling supply is a sharp rise in international coal prices, an analyst from the Chinese Academy of Social Sciences, who declined to be named, told the Global Times on Sunday.

"China could digest some of the Russian coal that is banned from exporting to the EU. But since the situation of Russia-Ukraine conflict is changing from time to time, it's hard to make a conclusion on whether the embargo will indeed work," the analyst said.

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Peru's zinc production down 12.8% in February 2022 - report

By Vladimir Basov

Z

INC production in Peru, the world’s second largest zinc producing country, fell 12.8% in February 2022.

This was announced by the Ministry of Energy and Mines of Peru (MINEM) in a report released this week.

According to the report, Peru produced 116,884 tonnes of zinc in February 2022, down 12.8% compared to 134,092 tonnes mined in February 2021.

MINEM said that this decrease was mainly due to the lower zinc production volume reported by Compañía Minera Antamina S.A. (-4.4%) and Nexa Resources Peru S.A.A. (-2.3%).

At the company level, Compañía Minera Antamina S.A. ranked first accounting for 37.6% of total zinc production in Peru, followed by Volcan Compañía Minera S.A.A. (10.3%) and Nexa Resources Peru S.A.A. (5.9%).

The ministry added that at the regional level, Áncash maintained its first position accounting for 41.3% of Peru’s total zinc production, followed by Junín (18.9%) and Pasco (14.2%).

China approves coal mine with a service life of 97 years

The mine, spanning nearly 170m², has 2.03 billion tonnes of coal reserves.

C

HINESE authorities have awarded a licence to Lianhai Coal Industry Co. to operate the Baijiahaizi coal mine in Ordos, Inner Mongolia, reported Bloomberg.

The mine can produce for around 97 years and spans nearly 170m², the news agency cited China Coal Resource as saying.

It reportedly has 2.03 billion tonnes of coal reserves and is expected to have a production capacity of 15 million tonnes per year (Mtpa).

Lianhai secured the licence from the city’s natural resources bureau on 2 April, Bloomberg further stated.

Said to be the largest coal mining hub in China, Ordos produced 197Mt in the initial two months of this year. Its aim is to generate a total of 1.18 billion tonnes for the year.

Chinese officials have directed leaders in mining regions to boost production capacity by 300 million tonnes this year, the news agency said.

The move is aimed at protecting the country from the impact of surging energy prices.

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