TABLE OF CONTENTS. No. Title Media Source Page

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Daily News Update Page 1

PT Aneka Tambang Tbk (ANTM) dan PT Vale Indonesia Tbk (INCO) memiliki eksposur yang tinggi terhadap industri nikel. Pada kuartal I 2021, sebanyak 23% pendapatan ANTM disumbang oleh nikel. Di sisi lain, seluruh pendapatan INCO berasal dari nikel matte. Meski segmen emas ANTM saat ini menjadi penyumbang pendapatan terbesar dengan kontribusi 72%, Juan mengatakan segmen nikel me-miliki margin yang lebih tinggi di antara lini bisnis lainnya termasuk segmen emas. Lebih lanjut, ANTM dan INCO akan di-untungkan dari adanya proyek industri kendaraan listrik. Hal ini mengingat...

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Daily News Update Page 3 This is because ANTM is one of the

shareholders in the holding of Indonesia Battery Corporation (IBC). Then, one of the two nickel processing facilities will be built in ANTM's concession in North Maluku. Meanwhile, INCO produces nickel matte which is one of the raw materials for electric vehicle batteries. INCO is also currently in the process of constructing a High Pressure Acid Leach (HPAL) in Pomalaa where the smelter will produce mixed sulphide precipitate (MSP) which is the raw material for electric batteries. Mirae Asset Sekuritas has made ANTM the top pick in the metal mining sector. This is due to the higher margin in the gold segment in line with the high portion of domestic sales. Second, the potential for additional income from the Halmahera smelter project. Third, ANTM has more exposure to electric battery holding projects.

Juan recommends buying ANTM shares with a target price of Rp 3,250 and buying INCO shares with a target price of Rp 6,400.

MNC Sekuritas analyst Catherina Vincentia also maintains an overweight outlook for the metal mining sector. MNC Sekuritas ranked ANTM's shares as the top picks because ANTM's performance in the first quarter of 2021 had outperformed the estimate by 27%. Catherina believes that an increase in the average selling price or average selling price (ASP) of nickel and an increase in gold sales volume can increase ANTM's topline and bottomline perfor-mance by 6% and 137% YoY, respectively. "Meanwhile, we see that PT Merdeka Copper Gold Tbk (MDKA) will still be struggling due to the mining incident," explained Catherina.

Hal ini mengingat ANTM sebagai salah satu pemegang saham di holding Indonesia Battery Corporation (IBC). Kemudian, salah satu dari dua fasilitas pengolahan nikel akan dibangun di konsesi milik ANTM di Maluku Utara.

Sementara itu, INCO memproduksi nikel matte yang merupakan salah satu bahan baku baterai kendaraan listtik. INCO juga saat ini sedang dalam proses pembangunan High Pressure Acid Leach (HPAL) di Pomalaa dimana smelter ini akan memproduksi mix sulphide precipitate (MSP) yang merupa-kan bahan baku baterai listrik.

Mirae Asset Sekuritas menjadikan ANTM sebagai saham pilihan utama (top picks) di sektor tambang logam. Hal ini mengingat margin pada segmen emas yang lebih tinggi seiring tingginya porsi penjualan domestik. Kedua, potensi adanya tambahan pendapatan dari proyek smelter Halmahera. Ketiga, ANTM memiliki lebih banyak eksposur terhadap proyek holding baterai lsitrik.

Juan merekomendasikan beli saham ANTM dengan target harga Rp 3.250 dan beli saham INCO dengan target harga Rp 6.400. Analis MNC Sekuritas Catherina Vincentia juga mempertahankan outlook overweight untuk sektor pertambangan logam. MNC Sekurutas menjadikan saham ANTM sebagai top picks karena kinerja ANTM pada kuartal I-2021 telah mengungguli estimasi sebesar 27%. Catherina meyakini, kenaikan pada harga jual rata-rata atau

average selling price (ASP) nikel dan

naik-nya volume penjualan emas dapat mening-katkan kinerja topline dan bottomline ANTM masing-masing sebesar 6% dan 137% secara YoY.

“Sementara kami melihat bahwa PT Merdeka Copper Gold Tbk (MDKA) masih akan struggling karena adanya insiden tambang,” terang Catherina.

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Daily News Update Page 4 As an illustration, MDKA's performance

was under pressure throughout semester I-2021. In the first six months of 2021, MDKA posted revenues of US$ 135,417 million, a 31.8 percent decrease from revenue in the first half of 2020 which reached US$ 198.81 million.

As a result, this Kompas100 Index constituent posted a net profit of US$ 5.86 million, a decline of 84.66% from MDKA's net profit realization in the same period last year which reached US$ 38.26 million. The decline in MDKA's performance was in line with the decline in gold sales during the first semester of 2021. This decrease was still due to the heap leach incident at the mine.

MNC Sekuritas recommends buying ANTM shares with a target price of Rp 3,100, buying INCO shares with a target price of Rp 7,150, and buying MDKA shares with a target price of Rp 3,300.

Meanwhile, in research published Wednes-day (31/8), BRIDanareksa Sekuritas analyst Stefanus Darmagiri maintained the recommendation to hold shares of PT Timah Tbk (TINS) with a target price of Rp 1,700. This recommendation was taken by considering the increase in TINS shares against the price target that was set quite limited.

Stefanus believes that the solid price of refined tin will help the state-owned company to maintain its profit in the coming quarters. The potential increase in TINS shares mainly stems from the increase in refined tin prices and better-than-expected production volumes.

Sebagai gambaran, kinerja MDKA meng-alami tekanan sepanjang semester I-2021. Pada enam bulan pertama 2021, MDKA membukukan pendapatan senilai US$ 135,417 juta, menurun 31,8% dari pen-dapatan di semester I-2020 yang mencapai US$ 198,81 juta.

Alhasil, konstituen Indeks Kompas100 ini membukukan laba bersih senilai US$ 5,86 juta, merosot 84,66% dari realisasi laba bersih MDKA di periode yang sama tahun lalu yang mencapai US$ 38,26 juta. Penurunan kinerja MDKA seiring dengan menurunnya penjualan emas sepanjang semester I-2021. Penurunan ini masih dikarenakan insiden heap leach pada tambang.

MNC Sekuritas merekomendasikan beli saham ANTM dengan target harga Rp 3.100, beli saham INCO dengan target harga Rp 7.150, dan beli saham MDKA dengan target harga Rp 3.300.

Sementara itu, dalam riset yang dipubli-kasikan Rabu (31/8), analis BRIDanareksa Sekuritas Stefanus Darmagiri memper-tahankan rekomendasi hold saham PT Timah Tbk (TINS) dengan target harga Rp 1.700. rekomendasi ini diambil dengan menimbang kenaikan saham TINS ter-hadap target harga yang dipasang cukup terbatas.

Stefanus menilai, solidnya harga timah olahan akan membantu perusahaan pelat merah ini untuk mempertahankan labanya di kuartal mendatang. Potensi kenaikan saham TINS utamanya berasal dari kenaikan pada harga timah olahan dan volume produksi yang lebih baik dari perkiraan.

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Coal Prices Keep Soaring, That's

What Adaro Says

Author: Yuniar Novianti, Editor: Umar RP.

D

OMESTIC coal prices continue to

increase, this can be seen from the Coal Reference Price (HBA) which continues to break new records, which is at USD150.03 per tonne in September 2021.

Mahardika Putranto, as the Corporate Secretary of PT Adaro Energy Tbk, in the Public Expose Live on Monday (6/9/2021), gave his response regarding the current upward trend in coal prices. Mahardika said that the coal price trend is quite positive, this is inseparable from the increasing demand for coal since the beginning of the year.

Then, in the second quarter there is a summer restocking or preparation for the summer. In addition, rising natural gas prices and weak hydropower production are also factors that support this trend in coal prices.

Mahardika also explained about the condition of China as the world's largest coal producer, which currently has a high demand for coal, and exceeds the domestic coal production figure.

"The Chinese government's inspection on work safety has a negative impact on inventory levels at mines and ports, pushing China's domestic coal prices to high," he said.

As is known, the coal benchmark last year experienced weakness due to several factors, one of which was the impact of the Covid-19 pandemic which also weakened industrial activities in various sectors.

Harga Batubara Terus

Melonjak, Begini Kata Adaro

Penulis: Yuniar Novianti, Editor: Umar RP.

H

ARGA batubara dalam negeri terus

meng-alami kenaikan, hal ini terlihat dari Harga Acuan Batubara (HBA) yang terus memecah-kan rekor baru, yakni berada di angka USD150,03 per ton pada September 2021. Mahardika Putranto, selaku Sekretaris Perusahaan PT Adaro Energy Tbk, dalam

Public Expose Live pada hari Senin (6/9/

2021) lalu, memberikan tanggapannya mengenai tren naiknya harga batubara saat ini. Mahardika menyampaikan bahwa tren harga batubara ini cukup positif, hal ini tidak terlepas dari meningkatnya permintaan batubara sejak awal tahun.

Lalu, pada kuartal II ada summer restocking atau adanya persiapan untuk menghadapi musim panas. Selain itu, naiknya harga gas alam dan produksi listrik PLTA yang melemah juga menjadi salah satu faktor yang mendukung tren harga batubara ini.

Mahardika juga menjelaskan tentang kondisi China sebagai produsen batubara terbesar dunia yang saat ini memiliki permintaan batubara yang tinggi, dan melebihi angka produksi batubara domestik.

"Adanya inspeksi pemerintah China pada keselamatan kerja berdampak hal ini dampak negatif tingkat inventori di tambang dan pelabuhan sehingga mendorong harga batubara domestik China tinggi," ungkapnya. Seperti diketahui, acuan batubara pada tahun lalu mengalami kelemahan karena beberapa faktor, salah satunya adalah dampak pandemi Covid-19 yang turut melemahkan kegiatan industri di berbagai sektor.

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Daily News Update Page 6 However, this year the trend in coal prices

shows a different movement, where the HBA continues to increase. This positive movement for the mining sector may also continue as long as demand for coal supply continues to increase, and other factors such as winter weather that encourage increased electricity consumption.

Mahardika added that the increase in the price of energy commodities, especially coal in recent years was strongly influenced by the economy, politics and government policies. So do not be surprised if the HBA continues to fluctuate, which until now continues to show an increase in prices.

Namun tahun ini tren harga batubara menunjukkan pergerakan yang berbeda, di mana HBA terus mengalami kenaikan. Pergerakan yang positif untuk sektor pertambangan ini pun mungkin akan terus berlangsung selama permintaan pasokan batubara terus meningkat, dan faktor lain seperti cuaca musim dingin yang men-dorong meningkatnya konsumsi listrik. Mahardika menambahkan bahwa kenaikan harga komoditas energi, khususnya batu-bara dalam beberapa tahun terakhir memang sangat dipengaruhi oleh ekonomi, politik dan kebijakan pemerintah. Sehingga tidak heran jika HBA terus mengalami fluktuasi, yang hingga sekarang terus mem-perlihatkan adanya kenaikan harga.

Supply Slumps 35%, Tin Prices

Are Getting Unstoppable

Robertus Andrianto, CNBC Indonesia

T

IN prices rose in trading this afternoon.

Falling supply makes prices go up.

On Tuesday (14/9/2021) at 13:45 WIB, the world tin price was recorded at US$ 33,510/ton. Up 0.4% compared to yester-day's position.

Tin inventories that continued to fall in the LME (London Metal Exchange) warehouse last week became a booster for world tin prices. Average monthly tin inventories in September 2021 decreased by 35.7% month-to-month (mom) compared to July 2021.

Tin production in various major mining countries is still not optimal due to the impact of COVID-19 such as in Indonesia.

Pasokan Ambles 35%, Harga

Timah Makin Tak Terbendung

Robertus Andrianto, CNBC Indonesia

H

ARGA timah menguat pada perdagangan

siang ini. Pasokan yang turun membuat harga terdongkrak.

Pada Selasa (14/9/2021) pukul 13:45 WIB harga timah dunia tercatat US$ 33.510/ ton. Naik 0,4% dibanding posisi kemarin. Persediaan timah yang terus turun di gudang LME (London Metal Exchange) pada pekan lalu jadi booster bagi harga timah dunia. Rata-rata persediaan timah bulanan pada September 2021 turun 35,7% month-to-month (mom) dibanding bulan Juli 2021.

Produksi timah di berbagai negara penambang utama masih belum optimal karena terdampak COVID-19 seperti di Indonesia.

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Daily News Update Page 7 The state-owned company PT Timah (Persero)

Tbk (TINS) production of tin metal in the first semester of 2021 amounted to 11,915 tons. Down 57.19% year-on-year (y-o-y).

Meanwhile, tin ore production is 11,457 tons. Down 54% year-on-year (y-o-y). CNBC INDONESIA RESEARCH TEAM (ras/ras)

Produksi logam timah perusahaan negara PT Timah (Persero) Tbk (TINS) pada semester-I 2021 sebesar 11.915 ton. Turun 57,19% year-on-year (y-o-y).

Sedangkan produksi bijih timah sebesar 11.457 ton. Turun 54% year-on-year (y-o-y). TIM RISET CNBC INDONESIA (ras/ras)

This Mining Company Sponsors

PON Papua

Author: Boyke P. Siregar

P

T FREEPORT Indonesia entered into an

agreement with the XX National Sports Week (PON) Grand Committee to become one of the sponsors of the four-year National event.

PON XX Papua will take place from 2-15 October 2021 in Jayapura City and Regencies, Mimika and Merauke Regencies. In the cooperation agreement, the gold, copper and silver mining company will help PB PON with a fund of Rp 15 billion. The Daily Chair of PB PON Papua Yunus Wonda expressed his gratitude and appreciation to PT Freeport Indonesia for providing assistance to PB PON, whether in the form of cash amounting to Rp 15 billion but also PT Freeport Indonesia being present in building the venue in Mimika Regency.

"PT Freeport's support is extraordinary, we hope that with the presence of PT Freeport, other companies in Papua and outside can help Papua in the success of PON on Earth Cenderawasih," he said. Yunus said, PON XX is a national event, Papua as the host, for that it is hoped that there will be sponsorship support from other companies, including SOEs in Jakarta.

Perusahaan Tambang Ini

Sponsori PON Papua

Penulis: Boyke P. Siregar

P

T FREEPORT Indonesia menjalin

kese-pakatan dengan Panitia Besar Pekan Olahraga Nasional (PON) XX untuk menjadi salah satu sponsor kegiatan event Nasional empat tahunan tersebut.

PON XX Papua akan berlangsung 2-15 Oktober 2021 di Kota dan Kabupaten Jayapura, Kabupaten Mimika dan Merauke. Dalam perjanjian kerja sama tersebut, perusahaan tambang emas, tembaga dan perak itu akan membantu PB PON dana sebesar Rp 15 miliar. Ketua Harian PB PON Papua Yunus Wonda menyampaikan terima kasih dan apresiasi kepada PT Freeport Indonesia yang mem-berikan bantuan kepada PB PON, baik itu bentuk cash sejumlah Rp 15 miliar tapi juga PT Freeport Indonesia hadir dalam mem-bangun venue di Kabupaten Mimika.

“Dukungan PT Freeport sangat luar biasa, kami berharap dengan hadirnya PT Freeport, perusahaan lain di Papua maupun diluar bisa ikut membantu Papua dalam mensukseskan PON di Bumi Cenderawasih,” katanya.

Yunus mengatakan, PON XX adalah event nasional, Papua yang sebagai tuan rumah, untuk itu diharapkan ada dukungan sponspor dari perusahaan lain termasuk BUMN yang berada di Jakarta.

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Daily News Update Page 8 "We thank Freeport for its support to the

government and PB PON Papua," he explained.

Meanwhile, PT Freeport Indonesia's Vice President for Government Relations, Jonny Lingga, said that the company ha s continued to be committed to the success of the PON since Papua was appointed as the host in 2013.

PT Freeport has built an athletics and basketball venue located at the Mimika Spost Center location with a budget of more than Rp 400 billion. In addition, PT Freeport also assisted PB PON in the mobilization of sports equipment in the Mimika cluster.

"We are committed to the success of PON in Papua, more specifically, the Kuala Kencana Freepot complex will be used as a location for marathon sports competitions and traffic jams," he explained.

He also hopes that the implementation of PON XX in Papua can run smoothly even though it is still during the Covid-19 pandemic. Not only funding support worth Rp 15 billion, the company will also provide bonuses to medal-winning Papuan athletes. It's just that the amount of the bonus that will be given is still under discussion by the management of PT Freeport Indonesia.

“Kami menyampaikan terima kasih kepada Freeport atas dukungannya kepad a pemerintah dan PB PON Papua,” jelasnya. Sementara itu Vice President PT Freeport Indonesia Bidang Hubungan Pemerintah Jonny Lingga mengatakan bahwa per-usahaan terus berkomitmen mensukseskan PON sejak awal Papua ditetapkan sebagai tuan rumah tahun 2013 lalu.

PT Freeport sudah membangun venue atletik dan basket yang berada di lakasi Mimika Spost Center dengan menghabiskan anggaran Rp 400 miliar lebih. Selain itu, PT Freeport juga membantu PB PON dalam mobilisasi peralatan pertandingan cabang olahraga yang berada di klaser Mimika. “Kami berkomitmen mensukseskan PON di Papua, yang lebih special lagi, kompleks Kuala Kencana Freepot akan dipakai sebagai lokasi pertandingan cabang olahraga atletik nomor marathon dan jalan cemat,” jelasnya. Ia pun berharap agar pelaksanaan PON XX di Papua dapat berjalan lancar walaupun masih dalam masa pandemi Covid-19. Tak hanya dukungan dana senilai Rp15 miliar perusahaan juga akan memberikan bonus kepada atlet Papua peraih medali.

Hanya saja jumlah bonus yang akan di-berikan masih dalam pembahasan oleh manajamen PT Freeport Indonesia.

Mineral commodity prices are still

bright, here are the projections

and prospects for the future

Reporter: Akhmad Suryahadi | Editor: Herlina Kartika Dewi

T

HIS year has been a brilliant period for a

number of mineral mining commodities.

Harga komoditas mineral masih

cemerlang, begini proyeksi dan

prospeknya ke depan

Reporter: Akhmad Suryahadi | Editor: Herlina Kartika Dewi

T

AHUN ini menjadi periode yang cemerlang

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Daily News Update Page 9 The reason is that the prices of a number of

metal commodities are still on an uptrend until now.

Nickel, for example, as of Monday (13/9) nickel price on the London Metal Exchange (LME) was at the level of US$ 19,726 per ton, citing Bloomberg data. This price has increased 18.73 percent from the nickel price at the end of 2020 which was only at the level of US$ 16,613 per ton.

The copper commodity experienced the same fate. As of Monday (13/9), the price of copper was at the level of US$ 9,562.50 per ton, up 23.13% from the final price of 2020 at the level of US$ 7,766.0 per ton. Not to forget, the price of tin commodities also shined. As of Monday (13/9), the price of tin was at the level of US$ 33,498 per ton, or has shot up 64.81% from the price at the end of 2020 at the level of US$ 20,325 per ton.

However, unlike other mineral commodities, gold prices have corrected since the beginning of the year. As of Monday, the gold price was at US$ 1793.67 per oz, down 5.51% from the closing price at the end of 2020 at US$ 1,898.36 per oz.

Analysts assess, there are a number of factors that pushed the price rally of this metal commodity. MNC Sekuritas analyst Catherina Vincentia assessed that the significant increase in nickel prices was inseparable from the sentiment of developing electric vehicles or electric vehicles (EV). This caught the market's attention, plus there was news from Tsingshan Indonesia which chose to focus on EV development.

In addition, the condition of the scarcity of refined nickel also contributed to the increase in the price of this metal commodity. Thus,...

Pasalnya, harga sejumlah komoditas logam masih berada di jalur uptrend hingga saat ini.

Nikel misalnya, per Senin (13/9) harga nikel di London Metal Exchange (LME) berada di level US$ 19.726 per ton, mengutip data Bloomberg. Harga ini sudah naik 18,73% dari harga nikel pada akhir 2020 yang hanya di level US$ 16.613 per ton.

Nasib sama dialami oleh komoditas tembaga. Per Senin (13/9), harga tembaga sudah berada di level US$ 9.562,50 per ton atau naik 23,13% dari harga akhir 2020 di level US$ 7.766,0 per ton.

Tidak ketinggalan, harga komoditas timah juga turut mengilap. Per Senin (13/9), harga timah berada di level US$ 33.498 per ton atau sudah melesat 64,81% dari harga per akhir 2020 di level US$ 20.325 per ton. Namun, tidak seperti komoditas mineral lain, harga emas justru terkoreksi sejak awal tahun. Per Senin, harga emas berada di level US$ 1793,67 per oz, menurun 5,51% dari harga penutupan akhir 2020 di level US$ 1.898,36 per oz.

Analis menilai, terdapat sejumlah faktor yang mendorong rally harga komoditas logam ini. Analis MNC Sekuritas Catherina Vincentia menilai, naiknya harga nikel secara signifikan tidak terlepas dari sentimen pengembangan kendaraan listrik atau electric vehicle (EV). Hal ini menyita perhatian pasar, ditambah adanya kabar dari Tsingshan Indonesia yang memilih untuk fokus pada pengembangan EV. Selain itu, kondisi kelangkaan nikel olahan juga turut mendorong kenaikan harga komoditas logam ini. Dus,...

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Daily News Update Page 10 Thus, MNC Sekuritas estimates that the

average nickel price this year will range from US$ 18,000 per ton to US$ 19,000 per ton.

Similarly, Mirae Asset Sekuritas Indonesia analyst Juan Harahap assessed that electric vehicle batteries have the potential to drive demand for metal commodities in the future.

This is indicated by the positive trend of electric car sales. Juan detailed that last year, sales of electric vehicles were recorded at 2.3 million units, a rapid increase compared to sales in 2010 which was only 9,800 units.

Global electric car sales are projected to continue to increase in the future, where in 2030 it is estimated that it will increase to 22 million units, or an increase of 850.9% compared to sales in 2020.

Just like nickel, Catherina said copper is also a superior commodity in the future as the demand for electric vehicle compo-nents and power plants with renewable energy increases.

Meanwhile, copper supplies and inven-tories continue to run low. China, which is a major consumer and importer of copper, has cut ties with Australia. "Demand for copper must be met from other places," explained Catherina, Tuesday (14/9). This is exacerbated by a strike from the world's largest copper mine located in Chile, which will disrupt production and will push prices soaring.

MNC Sekuritas estimates that the average copper price this year will be in the range of US$ 9,000 per tonne to US$ 10,000 per tonne as the price continues to advance. While gold is not so shiny at the moment, and is the slowest performing commodity of all. However,...

Dus, MNC Sekuritas memperkirakan rata-rata harga nikel di tahun ini akan berkisar antara US$ 18,000 per ton hingga US$ 19.000 per ton. Senada, Analis Mirae Asset Sekuritas Indonesia Juan Harahap menilai, baterai ken-daraan listrik berpotensi menjadi pendorong permintaan komoditas logam di masa depan. Hal ini ditunjukkan dari tren positif penjualan mobil listrik. Juan merinci, pada tahun lalu, penjualan kendaraan listrik tercatat sebanyak 2,3 juta unit, naik pesat dibandingkan angka penjualan pada tahun 2010 yang hanya sebesar 9.800 unit.

Penjualan mobil listrik global diproyeksi akan terus meningkat di masa mendatang, di mana pada tahun 2030 diperkirakan akan me-ningkat menjadi 22 juta unit atau melesat 850,9% dibandingkan penjualan tahun 2020. Sama seperti nikel, Catherina menyebut tembaga juga merupakan komoditas yang diunggulkan di masa depan seiring mening-katnya permintaan untuk komponen kenda-raan listrik serta pembangkit listrik dengan energi terbarukan. Sementara itu, pasokan dan persediaan tembaga terus menipis.

China yang merupakan salah satu konsumen utama dan importir tembaga telah memutus-kan hubungan dengan Australia. "Permintaan tembaga harus dipenuhi dari tempat lain," terang Catherina, Selasa (14/9).

Hal ini diperparah dengan mogok kerja dari tambang tembaga terbesar di dunia yang terletak di Chile, yang akan mengganggu produksi dan akan mendorong harga melam-bung tinggi.

MNC Sekuritas memperkirakan rata-rata harga tembaga pada tahun ini di kisaran US$ 9.000 per ton hingga US$ 10.000 per ton seiring harganya yang masih melaju.

Sementara emas memang tidak begitu berkilau saat ini, dan menjadi komoditas dengan kinerja paling lambat di antara lainnya. Meski demikian,...

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Daily News Update Page 11 However, this precious metal briefly

rebounded in May to its highest level at US$ 1,906 per oz due to fears of a spike in inflation.

The Fed's long-term hawkish policy that resulted in the weakening of the US dollar might slightly push up gold prices along with the recovery in production levels. MNC Sekuritas estimates that the average gold price will be at US$1,800 per oz to US$1,900 per oz this year.

Meski demikian, logam mulia ini sempat rebound di bulan Mei ke level tertingginya di harga US$ 1.906 per oz karena adanya kekhawatiran lonjakan inflasi.

Kebijakan hawkish jangka panjang The Fed yang berdampak pelemahan dolar AS kemungkinan dapat sedikit mendorong harga emas seiring dengan pemulihan tingkat produksi. MNC Sekuritas memper-kirakan harga rata-rata emas akan berada di US$ 1.800 per oz hingga US$ 1.900 per oz di tahun ini.

Overtake China, This is the

World's Largest Gold Producing

Country

Nanang Wijayanto

C

HINA is no longer the largest

gold-producing country in the world. Reporting from ABCNews Tuesday (14/9) Australia is now ranked first in the world's largest gold producer. However, this rating may only be temporary.

That's good news gold mining company Red5 is stepping up efforts to start digging for gold at the King of the Hill site in the state of Western Australia.

"We started construction of the facility in October 2020 and if it goes according to plan, the first gold is mined within 7-8 months," said Red5 Managing Director Mark Williams.

The company bought the gold mine four years ago. Production activities are carried out at the right time with the current world gold price of USD1800 per one ounce.

Salip China, Ini Negara

Penghasil Emas Terbesar Dunia

Nanang Wijayanto

C

HINA kini tak lagi menjadi negara

penghasil emas terbesar di dunia. Dilansir dari ABCNews Selasa (14/9) kini peringkat pertama penghasil emas terbesar di dunia diduduki Australia. Meski begitu, peringkat tersebut bisa saja hanya bersifat semen-tara.

Hal itu merupakan kabar baik perusahaan tambang emas Red5 yang sedang me-ningkatkan usaha untuk mulai menggali emas di lokasi King of the Hill di negara bagian Australia Barat.

"Kami sudah memulai pembangunan fasilitas di bulan Oktober 2020 dan bila sesuai rencana, emas pertama ditambang dalam waktu 7-8 bulan," kata Direktur Pelaksana Red5 Mark Williams.

Perusahaan tersebut membeli tambang emas empat tahun lalu. Kegiatan produksi dilakukan di masa yang tepat dengan harga emas dunia sekarang ASD1800 per satu ons.

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Daily News Update Page 12 For information, China has become the

largest gold producer in the world since 2007 and Australia is in second place for the last 10 years. According to a Surbiton Associates report, China produced 153 tonnes of gold in the first six months of 2021 while Australia produced 157 tonnes. "This is the first time this has happened (Australia surpassed China's production)," said Surbiton Associates director Sandra Close.

He revealed the reason why China's gold production has decreased so that they are lost with Australia. According to him China is experiencing some problems such as some miners died and is being investigated.

"Let's see what happens to gold production in the next six months both in Australia and in China," he explained.

In the last two years, Australia's gold production has continued to increase. In 2019-2020 around 328 tonnes of gold were mined in Australia with the highest production volume in one year. Last year recorded production of 321 tons with the world's second largest total production. "In Australia most gold mines are small-scale, in contrast to gold mines in countries like the United States," said Dr. Close. "This makes production more varied," he said. Gold has long been recognized as the safest asset to store. In general, the price of gold will increase when there is no political and economic stability in a country or as a whole in the world.

"Gold is the safest investment for anyone in difficult times, in the midst of adversity," said The Perth Mint Executive Director Richard Hayes. "In the midst of the Covid-19 situation, and the various problems we face, the demand for gold and silver has soared," he said.

Sebagai informasi, China sudah menjadi penghasil emas terbesar di dunia sejak 2007 dan Australia berada di tempat kedua selama 10 tahun terakhir. Berdasarkan laporan Surbiton Associates, China memproduksi 153 ton emas di enam bulan pertama tahun 2021 sementara Australia memproduksi 157 ton. "Ini pertama kalinya terjadi (Australia melampaui produksi China)," kata Direktur Surbiton Associates Sandra Close.

Dia mengungkapkan alasan mengap a produksi emas China menurun sehingga kalan dengan Australia. Menurutnya China mengalami beberapa masalah seperti beberapa pekerja tambang tewas dan sedang diselidiki.

"Mari kita lihat apa yang terjadi dengan produksi emas dalam enam bulan ke depan baik di Australia dan di China," jelasnya. Dalam dua tahun terakhir, produksi emas Australia memang terus meningkat. Di tahun 2019-2020 sekitar 328 ton emas berhasil ditambang di Australia dengan jumlah produksi tertinggi dalam satu tahun. Tahun lalu mencatatkan produksi 321 ton dengan jumlah produksi terbesar kedua dunia.

"Di Australia sebagian besar pertambangan emas memiliki skala kecil, berbeda dengan tambang-tambang emas di negara seperti Amerika Serikat," kata Dr. Close. "Ini yg mem-buat produksi lebih bervariasi," ungkapnya. Emas sudah lama dikenal sebagai aset yang paling aman untuk disimpan. Pada umumnya harga emas akan meningkat ketika tidak adanya stabilitas politik dan ekonomi di sebuah negara atau secara keseluruhan di dunia.

"Emas adalah investasi paling aman bagi siapa saja di saat-saat yang sulit, di tengah berbagai kesulitan," kata Direktur Eksekutif The Perth Mint Richard Hayes. "Di tengah situasi Covid-19, dan berbagai masalah yang kita hadapi, permintaan akan emas dan perak melambung tinggi," kata dia.

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Daily News Update Page 13 But sometimes the situation is not the

same. World gold prices fell when the Covid-19 pandemic first started in early 2020. "The world reaction at that time was very negative, with world gold prices in March 2020 dropping 11 percent," said Vivek, Director of Commodity Research for Mining and Energy at Commonwealth Bank Australia. Dhar.

"At that time the market was looking for a safe place to buy US dollars," he said. Six months later the price of gold reached its highest point. "We do see an up and down trend because until August last year, we saw gold prices continue to rise and once exceeded the price of USD 2,000 per ounce," he said.

Now the price has dropped and is trading at around $1,800 per ounce. "So obviously it has increased between 20 and 25 percent compared to two years ago," said Dhar. (nng)

Namun terkadang situasi tidak sama. Harga emas dunia turun ketika pandemi Covid-19 mulai pertama kali terjadi di awal 2020. "Reaksi dunia ketika itu sangat negatif, dengan harga emas dunia di bulan Maret 2020 turun 11 persen," kata Direktur Penelitian Komoditi Tambang dan Energi dari Commonwealth Bank Australia Vivek Dhar.

"Ketika itu pasar mencari tempat yang aman, yakni membeli dolar Amerika Serikat," ujarnya. Enam bulan kemudian harga emas mencapai titik tertinggi. "Kita memang melihat adanya tren naik turun karena sampai bulan Agustus tahun lalu, kita melihat harga emas terus naik dan pernah melampaui harga ASD2.000 per ons," kata dia.

Sekarang harganya turun dan diperjual-belikan sekitar harga ASD1.800 per ons. "Jadi jelas sudah naik antara 20 sampai 25 persen dibandingkan dua tahun lalu," kata Dhar. (nng)

Lucky Continues, Coal Prices

Record Again!

Hidayat Setiaji, CNBC Indonesia

C

OAL prices are still strong, although only

slightly. This makes the price of the black stone penetrate a new record.

Yesterday, the price of coal on the ICE Newcastle (Australia) market was recorded at US$ 179.3/ton. Up 0.08% compared to the previous day.

Although only a slight increase, the price of coal set a new record. The price of US$179.3/ton is the highest since at least 2008.

Nggak Ada Matinya, Harga

Batu Bara Rekor Lagi!

Hidayat Setiaji, CNBC Indonesia

H

ARGA batu bara masih kuat naik meski

tipis saja. Ini membuat harga si batu hitam menembus rekor baru.

Kemarin, harga batu bara di pasar ICE Newcastle (Australia) tercatat US$ 179,3/ton. Naik 0,08% dibandingkan hari sebelumnya.

Walau cuma naik tipis, tetapi harga batu bara mengukir rekor baru. Harga US$ 179,3/ton adalah yang tertinggi setidaknya sejak 2008.

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Daily News Update Page 14 Coal is one of the commodities with the

highest price increase this year. Since the end of 2020 (year-to-date/ytd), the price of the black stone has skyrocketed by 120.43%.

There are several factors that cause coal prices to soar. One, the price of natural gas also rose. In terms of ytd, natural gas prices shot up 107.8%.

This increase makes the cost of generating electricity with natural gas expensive. In Europe, the cost of generating electricity with natural gas on 7 September 2021 is EUR 52.4/MWh. While with coal, the cost is EUR 43.72/MWh. This makes coal more attractive.

Two, demand for coal soared sharply. In August 2021, China's coal imports were 28.1 metric tons. Up 35.8% compared to the same period the previous year (year-on-year). CNBC INDONESIA RESEARCH TEAM (aji/aji)

Batubara adalah salah satu komoditas dengan kenaikan harga yang paling tinggi tahun ini. Sejak akhir 2020

(year-to-date/ytd), harga si batu hitam meroket

120,43%.

Ada beberapa faktor yang menyebabkan harga batu bara melonjak. Satu, harga gas alam juga naik. Secara ytd, harga gas alam melesat 107,8%.

Kenaikan ini membuat biaya pembang-kitan listrik dengan gas alam menjadi mahal. Di Eropa, biaya pembangkitan listrik dengan gas alam pada 7 September 2021 adalah EUR 52,4/MWh. Sementara dengan batu bara, biayanya EUR 43,72/MWh. Hal ini membuat batu bara lebih menarik.

Dua, permintaan batu bara melonjak tajam. Pada Agustus 2021, impor batu bara China adalah 28,1 metrik ton. Melesat 35,8% dibandingkan periode yang sama tahun sebelumnya (year-on-year). TIM RISET CNBC INDONESIA (aji/aji)

Metso Outotec VSFX solvent extraction tech set for Taseko’s Florence

Copper Project

Posted by Daniel Gleeson

M

ETSO Outotec has signed an agreement with Florence Copper Inc, a subsidiary of Taseko

Mines Ltd, to supply copper solvent extraction and electrowinning technology for a plant to be built in Arizona, USA.

The order, exceeding €20 million ($24 million), has been booked in the Metals’ segment September quarter orders received.

The Metso Outotec delivery includes the modular VSF®X solvent extraction plant and the main process equipment for the electrowinning plant.

“We are very excited to have purchased the key SX/EW process equipment from Metso Outotec, a world leader in mineral processing and hydrometallurgical technologies,” Stuart McDonald, President and CEO of Taseko Mines, says. “The VSFX technology is ideally suited for our Florence Copper Project, which is set to become one of the most energy-efficient and low-carbon copper producers in the world.

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Daily News Update Page 15 The modular nature of the equipment will reduce construction time and allow Florence to commence copper production quicker than with other technologies available.”

Back in February, Taseko, having just completed a $400 million bond refinancing and fundraising program, said it was moving forward with developing a commercial operation at its Florence in-situ recovery project.

Jari Ålgars, President of the Metals business area at Metso Outotec, says: “We are looking forward to working with Taseko Mines on the Florence Copper Project. The energy-efficient VSFX solvent extraction plant, which is part of our Planet Positive product range, reduces emissions and is safe to operate. The Florence Copper Project will become an important new reference for Metso Outotec in the US copper market as a supplier of a complete production plant that uses solvent extraction and electrowinning technology for copper recovery.”

China's coal output edges up in August as mines reopen

By Reuters Staff

C

HINA’s August coal output edged up from a 26-month low in the prior month, as Beijing

re-opened dozens of mines and approved several new ones to ensure supply and cool high prices.

The world’s largest miner and consumer of coal churned out 335.24 million tonnes of the commodity last month, data from the National Bureau of Statistics showed on Wednesday. That compares to 314.17 million tonnes in July and up 0.8% from a year earlier.

Coal production over the first eight months of 2021 was 2.6 billion tonnes, up 4.4% on year. The country’s mining safety watchdog has been tightening inspections and reining in illegal production across coal mines, following a series of fatal mining accidents.

However, to ensure sufficient supply and meet strong demand at power plants during the winter heating season, Beijing has re-opened 67 million tonnes of open-pit mines in the Inner Mongolia region.

But market participants do not expect the increase in output to fully kick in until late October. China’s top coal mining province, Shanxi, in early September ordered all its coal mines to carry out a two-month safety inspection, and said those which failed to comply would be shut down for rectification.

Most-active Zhengzhou thermal coal futures contract hit a record high of 1,028 yuan ($159.56) a tonne last week. ($1 = 6.4427 Chinese yuan) (Reporting by Muyu Xu and Shivani Singh; Editing by Himani Sarkar)

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Mining production up 10.3% y/y in July

By: Donna Slater, Creamer Media Contributing Editor and Photographer

S

TATISTICS South Africa (Stats SA) reports that production from South Africa’s mining

industry increased by 10.3% year-on-year in July, with the largest contributors being the production of iron-ore, which was up by 42.9%, contributing 3.9 percentage points to the overall tally.

Platinum group metals (PGMs) increased by 10.3%, contributing 2.3 percentage points; while chromium ore was 45.8% higher year-on-year, adding 1.7 percentage points.

Gold output increased by 13.4%, contributing 1.6 percentage points.

Between June and July, Stats SA notes, seasonally adjusted mining production increased by 4.1%, following month-on-month changes of -1.6% in June and -3.6% in May.

Compared with the first quarter of the year, seasonally adjusted mining production decreased by 1.9% in the three months ended July, with the largest negative contributors being PGMs with -4.2%, lowering the overall tally by a percentage point.

Gold was 3.3% lower, subtracting 0.4 of a percentage point, while iron-ore was 2.4% lower, lowering the tally by 0.3 of a percentage point.

Coal slipped 1.2%, subtracting 0.3 of a percentage point.

In terms of mineral sales, Stats SA reports that sales at current prices increased by 32.6% year-on-year in July, with the largest positive contributors being PGMs, which were 92.8% higher year-on-year, contributing 22.6 percentage points.

Iron-ore rose by 71%, contributing ten percentage points; while coal increased by 6.8%, adding 1.5 percentage points.

Seasonally adjusted mineral sales at current prices decreased by 11.7% in July compared with June, following month-on-month changes of 0.6% in June and -3.6% in May.

In the second quarter, the seasonally adjusted value of mineral sales at current prices was 0.7% lower compared with the first quarter.

First National Bank economist Koketso Mano says total mining production started the new quarter on a “positive footing”, reflecting waning base effects.

“There was a delay in releasing the June numbers ahead of the preliminary second-quarter gross domestic product (GDP) [figures], but today’s figures show that seasonally adjusted mining production was up 0.6% quarter-over-quarter, reflecting that mining indeed contributed positively to GDP.”

She adds that mining production is up 18.6% for the year-to-date, compared with the same period in 2020.

However, Mano warns that there is downside risk to the 1.9% quarter-over-quarter currently estimated.

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Daily News Update Page 17 “There were broad-based gains in mining production year-to-date, with only coal production 4.9% lower than production in the first seven months of 2020.

"Chromium production is up 53.5% year-to-date, building materials up 39.1%; iron-ore 38%; PGMs 32%; gold 18.6%; and other metallic minerals 15.4%,” she says.

China backs Congo's ban on 6 small Chinese mining companies

By Reuters Staff

C

HINA gave its backing on Tuesday to a Congolese provincial government’s order last month

banning six small Chinese-owned mining companies operating illegally.

The move comes as Democratic Republic of Congo’s President Felix Tshisekedi increases scrutiny of Chinese mining activities, reviewing a $6 billion “infrastructure-for-minerals” deal with Chinese investors and reassessing China Molybdenum’s Tenke Fungurume mine.

The governor of Congo’s eastern South Kivu province, Theo Kasi, suspended the operations of the six small Chinese companies on Aug 20, ordering all local and foreign staff to leave the sites.

Kasi said the suspension came after the companies missed a deadline to register their activities with the authorities.

Kasi identified the companies as BM Global Business, Congo Blueant Minerals, Orientale Ressource Congo, Yellow Water Ressources, New Continent Mineral, and Groupe Cristal, ordering all local and foreign staff to leave the sites. Reuters was unable to reach the companies for comment.

The director-general of the Chinese Foreign Ministry's Department of African Affairs, Wu Peng, tweeted here that the authorities of China's Zhejiang and Jiangsu provinces had ordered the six companies to halt business and leave South Kivu "as soon as possible".

“We support the DRC in cracking down on illegal economic activities in accordance with the law,” Wu tweeted. The companies would be punished and sanctioned by the Chinese government, he added. He did not identify the companies nor describe in what way their activities were illegal.

“We’ll never allow Chinese companies in #Africa to violate local laws and regulations,” Wu wrote. (Reporting by Helen Reid Editing by Bate Felix and Peter Graff)

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Global nickel production to grow 20% by 2026 - report

By Vladimir Basov

A

CCORDING to the recent report by GlobalData, the world’s total nickel mine production is

expected to reach 2,427.4 thousand tonnes (kt) in 2021, up by 6.8% over 2020, after registering an estimated 4.2% decline to 2,272.0 kt in 2020, amid the COVID-19 pandemic. GlobalData said that nickel output from Indonesia, the Philippines and Brazil will be significant contributors to the overall growth. In contrast, production is expected to decline in Russia, South Africa and Finland, owing to lower production from the Oktyabrsky and Taimyrsky mines and the planned closure of African Rainbow Minerals’ Nkomati mine in 2021.

The authors of a report noted that the global nickel production over the forecast period is expected to grow at a CAGR of 3.0%, to reach 2,730.6kt in 2025, with Indonesia, Russia, Canada and the Philippines being the key contributors to this growth.

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