TABLE OF CONTENTS. Bisnis

(1)

IMA-Daily Update No. 1. 2. 3. 4. 5. 6. 7. 8. 9.

Until the Third Quarter of

Production Volume Reached 50,531 Tons

Hingga Kuartal III/2019, Volume Produksi Vale Indonesia (INCO) Capai 50.531 Ton

Aneka Tambang Realized Exploration Fund of Rp 14.68 billion

Aneka Tambang Realisasikan Dana Eksplorasi Rp 14, miliar

There is News, Merdeka Copper (MDKA) and PSAB Agree on Operational Cooperation in Gorontalo

Ada Kabar, Merdeka Copper (MDKA) dan PSAB Sepakati Kerjasama Operasional di Gorontalo

Inalum Signs Preliminary Agreement for Vale Divestment

Nickel Prices Stronger, Vale Indonesia (INCO) Optimistic Print Profit This Year

Harga Nikel Menguat, Vale Indonesia (INCO) Optimistis Cetak Laba Tahun Ini

UNTR shares bought up by foreigners, because of the many gold reserves?

Saham UNTR Diborong Asing, Gegara C Banyak?

Freeport & Vale have been captured, what else is targeted by MIND ID CEO Budi Gunadi Sadikin?

Freeport & Vale sudah direbut, apa lagi yang diincar CEO MIND ID Budi Gunadi Sadikin?

Arrears of Mining PNBP Worth Rp.4.4 Trillion in the H of the Ministry of Finance

Tunggakan PNBP Tambang Senilai Rp3,4 Triliun di Tangan Kementerian Keuangan

Indonesia added value to the mining industry, investing in downstream processing facilities

Indonesia tambah nilai pada industri pertambangan, berinvestasi dalam fasilitas pengolahan hilir

Based on company data published Monday (10/14/2019), the issuer coded INCO shares produced 13,080 tons of nickel in matte in the first quarter of 2019, 17,631 tons in the second quarter of 2019, and 19,820 tons in the third quarter of 2019. On a quarterly basis, production volume in quarter III/2019 was 12% high

production volume in April-June this year. "Production in the third quarter of 2019 was higher than the production in the second quarter of 2019 due to the completion of the main maintenance activities," said CEO and President Director of Vale Indonesia Nico Kante in an official statement on Monday (10/14/2019).

Despite recording quarterly production volume growth, the total volume of nickel production in INCO matte in the nine months of this year was lower than the realization of the same period th

year. Because the INCo production in January-September 2018 was recorded at 54,227 tons.

"We are optimistic we can reach the 2019 production target of around 71,000 tons," Nico said.

To achieve this target, INCO must produce nickel in matte of around 20,469 tons in the IV/2019 quarter.

Until the Third Quarter of 2019,

Vale Indonesia (INCO) Production

Volume Reached 50,531 Tons

Muhammad Ridwan

nickel production in matte PT Vale Indonesia Tbk. reached 50,531 tons in the first 9 months of 2019. The volume decreased 6.81% compared to the same

Based on company data published Monday issuer coded INCO shares produced 13,080 tons of nickel in matte in the first quarter of 2019, 17,631 tons in the second quarter of 2019, and 19,820 tons in the third quarter of 2019. On a quarterly basis, production volume in quarter III/2019 was 12% higher than June this year. "Production in the third quarter of 2019 was higher than the production in the quarter of 2019 due to the maintenance activities," said CEO and President Director nesia Nico Kante in an official statement on Monday (10/14/2019). Despite recording quarterly production volume growth, the total volume of nickel production in INCO matte in the nine months of this year was lower than the realization of the same period the previous year. Because the INCo production in September 2018 was recorded at

"We are optimistic we can reach the 2019 production target of around 71,000 tons,"

To achieve this target, INCO must produce round 20,469 tons in

Hingga Kuartal III/2019, Volume

Produksi Vale Indonesia (INCO)

Capai 50.531 Ton

Muhammad Ridwan

T

OTAL produksi nikel dalam matte PT Vale

Indonesia Tbk. mencapai 50.531 ton dalam 9 bulan pertama 2019. Volume tersebut turun 6,81% dibandingkan dengan periode yang sama tahun sebelumnya.

Berdasarkan data perseroan yang dipublikasi kan Senin (14/10/2019), emiten bersandi saham INCO itu memproduksi nikel dalam matte sebanyak 13.080 ton pada kuartal I/2019, 17.631 ton pada kuartal II/2019, dan 19.820 ton pada kuartal III/2019.

Secara kuartalan, volume produksi pada kuartal III/2019 lebih tinggi 12% dari volume produksi pada April

"Produksi pada kuartal III/2019 lebih tinggi dibandingkan dengan produksi pada kuartal II/2019 karena telah selesainya aktivitas aktivitas pemeliharaan utama," tutur CEO dan Presiden Direktur Vale Indonesia Nico Kante ddalam keterangan resmi, Senin (14/10/2019).

Kendati mencatatkan pertumbuhan volume produksi secara kuartalan, total volume produksi nikel dalam matte INCO dalam 9 bulan tahun ini lebih rendah dari realisasi periode yang sama tahun sebelumnya. Pasalnya, produksi INCo pada Januari September 2018 tercatat menca

ton.

"Kami optimistis bisa mencapai

produksi 2019 sekitar 71.000 ton," ucap Nico.

Untuk mencapai target tersebut, INCO harus memproduksi nikel dalam matte sekitar 20.469 ton pada kuartal IV/2019.

Page 3

Hingga Kuartal III/2019, Volume

Produksi Vale Indonesia (INCO)

Capai 50.531 Ton

Muhammad Ridwan

produksi nikel dalam matte PT Vale . mencapai 50.531 ton dalam 9 bulan pertama 2019. Volume tersebut turun 6,81% dibandingkan dengan periode yang sama tahun sebelumnya.

Berdasarkan data perseroan yang dipublikasi-kan Senin (14/10/2019), emiten bersandi saham INCO itu memproduksi nikel dalam matte sebanyak 13.080 ton pada kuartal I/2019, 17.631 ton pada kuartal II/2019, dan 19.820 ton pada kuartal III/2019.

Secara kuartalan, volume produksi pada kuartal III/2019 lebih tinggi 12% dari volume produksi pada April-Juni tahun ini.

uartal III/2019 lebih tinggi dibandingkan dengan produksi pada kuartal II/2019 karena telah selesainya aktivitas-aktivitas pemeliharaan utama," tutur CEO dan Presiden Direktur Vale Indonesia Nico Kante ddalam keterangan resmi, Senin

encatatkan pertumbuhan volume produksi secara kuartalan, total volume produksi nikel dalam matte INCO dalam 9 bulan tahun ini lebih rendah dari realisasi periode yang sama tahun sebelumnya. Pasalnya, produksi INCo pada Januari-September 2018 tercatat mencapai 54.227

"Kami optimistis bisa mencapai target produksi 2019 sekitar 71.000 ton," ucap

Untuk mencapai target tersebut, INCO harus memproduksi nikel dalam matte sekitar 20.469 ton pada kuartal IV/2019.

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IMA-Daily Update

This year, INCO's revenue projection is US$ 759 million in 2019 and US$ 809 million in 2020. Meanwhile, the net profit target is US$ 48 million in 2019 and US$ 65 million in 2020. Editor: Ana Noviani

Aneka Tambang Realized

Exploration Fund Rp14.68

Nabil Al Faruq

P

T ANEKA Tambang Tbk (ANTM) has

disbursed exploration activities funds throughout September 2019 amounting to Rp 14.68 billion. The activity is focused on gold, nickel and bauxite commodities. The funds will be used for Antam's gold exploration activities in Pongkor, Cibaliung, Bintang Mountains, and review of several prospect areas. "In the Pongkor area, the activities carried out are geological modeling and drilling," Aneka Tambang Management wrote in a written statement on Monday (10/14).

While in Cibaliung, the activities carried out were geological mapping, trenching and drilling testing. Then in Bintang Mountains, the activities carried out are geological mapping, track measurement and measurement of procurement of geodetic control points. "The total cost of ANTAM's preliminary gold exploration in September 2019 reached Rp 8.79 billion," wrote the Company's Management.

Then the exploration for nickel was carried out in the Pomalaa, Tapunopak Waylukum areas, and a survey of several prospect areas. For Pomalaa, Tapunopaka, and Waylukum the activities carried out consisted of geological mapping, core sampling, logging care and single tube drilling.

This year, INCO's revenue projection is US$ 759 million in 2019 and US$ 809 million in 2020. Meanwhile, the net profit target is US$ 48 million in 2019 and US$ 65 million

Pada tahun ini, proyeksi pendapatan INCO senilai US$759 juta pada 2019 dan US$809 juta pada 2020. Sementara itu, target laba bersih US$48 juta pada 2019 dan US$65 juta pada 2020. Editor : Ana Noviani

Aneka Tambang Realized

Exploration Fund Rp14.68 billion

Tambang Tbk (ANTM) has disbursed exploration activities funds throughout September 2019 amounting to Rp 14.68 billion. The activity is focused on gold, nickel and bauxite commodities. The funds will be used for Antam's gold exploration activities in Pongkor, Cibaliung, Bintang Mountains, and review of several prospect areas. "In the Pongkor area, the activities carried out are geological modeling and drilling," Aneka wrote in a written statement on Monday (10/14).

While in Cibaliung, the activities carried out were geological mapping, trenching and drilling testing. Then in Bintang Mountains, the activities carried out are geological mapping, track measurement urement of procurement of geodetic control points. "The total cost of ANTAM's preliminary gold exploration in September 2019 reached Rp 8.79 billion," wrote the Company's Management.

Then the exploration for nickel was carried out in the Pomalaa, Tapunopaka, Waylukum areas, and a survey of several prospect areas. For Pomalaa, Tapunopaka, and Waylukum the activities carried out consisted of geological mapping, core sampling, logging care and single tube

Aneka Tambang Realisasikan

Dana Eksplorasi R

Nabil Al Faruq

P

T ANEKA Tambang Tbk (ANTM) telah

mengucurkan dana kegiatan eksplorasi sepanjang September 2019 sebesar Rp 14,68 miliar. Kegiatan tersebut difokuskan untuk komoditas emas, nikel, dan bauksit. Dana tersebut digunakan untuk keg eksplorasi emas Antam di Pongkor, Cibaliung, Pegunungan Bintang tinjauan ke beberapa daera

wilayah Pongkor, kegiatan yang dilakukan yaitu pemodelan geologi dan pemboran,” tulis Manajemen Aneka Tambang dalam keterangan tertulis, Sen

Sementara di Cibaliung, kegiatan yang dilakukan, yaitu pemetaan geologi, uji paritan dan uji pemboran. Kemudian di Pegunungan Bintang, kegiatan yang dilakukan yakni pemetaan geologi, pengukuran lintasan dan pengukuran pengadaan titik kontrol g

biaya eksplorasi preliminary emas ANTAM bulan September 2019 mencapai Rp 8,79 miliar,” tulis Manajemen Perseroan.

Kemudian eksplorasi untuk nikel di lakukan di daerah Pomalaa, Tapunopaka, Waylukum, dan tinjauan ke beberapa daerah prospek.

Tapunopaka, dan Waylukum kegiatan yang dilakukan terdiri atas pemetaan geologi, percontoan core, logging care dan pemboran single tube.

Page 4

Pada tahun ini, proyeksi pendapatan INCO juta pada 2019 dan US$809 juta pada 2020. Sementara itu, target laba bersih US$48 juta pada 2019 dan US$65

Editor : Ana Noviani

Aneka Tambang Realisasikan

Dana Eksplorasi Rp14,68 miliar

Nabil Al Faruq

Tambang Tbk (ANTM) telah mengucurkan dana kegiatan eksplorasi sepanjang September 2019 sebesar Rp 14,68 miliar. Kegiatan tersebut difokuskan untuk komoditas emas, nikel, dan bauksit. Dana tersebut digunakan untuk kegiatan

Antam di Pongkor, Cibaliung, Pegunungan Bintang, dan tinjauan ke beberapa daerah prospek. “Di egiatan yang dilakukan yaitu pemodelan geologi dan pemboran,” tulis Manajemen Aneka Tambang dalam keterangan tertulis, Senin (14/10).

Sementara di Cibaliung, kegiatan yang dilakukan, yaitu pemetaan geologi, uji paritan dan uji pemboran. Kemudian di Bintang, kegiatan yang dilakukan yakni pemetaan geologi, pengukuran lintasan dan pengukuran pengadaan titik kontrol geodetik. “Total biaya eksplorasi preliminary emas ANTAM bulan September 2019 mencapai Rp 8,79 miliar,” tulis Manajemen Perseroan.

Kemudian eksplorasi untuk nikel di-lakukan di daerah Pomalaa, Tapunopaka, Waylukum, dan tinjauan ke beberapa daerah prospek. Untuk Pomalaa, Tapunopaka, dan Waylukum kegiatan yang dilakukan terdiri atas pemetaan geologi, percontoan core, logging care dan

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IMA-Daily Update

"Total ANTAM's nickel preliminary explo ration costs in September 2019 reached Rp 5.44 billi on," said Management of the Company.

Meanwhile, the company's bauxite explo ration is carried out in the Tayan area, West Kalimantan and a review of several prospect areas. In the Tayan region, activities carried out in the form of geological mapping, making test pits, grid measurements, GPS geodetic measurements and rock samples. "Antam's bauxi te preliminar y explor ation costs incurred in September reached Rp 446.54 million," said management through its official explanation in Jakarta, Monday (10/14). Previously, Danareksa Sekuritas estimated an increase in net profit to Rp 807 billion this year and is expected to resume growth to Rp 856 billion in 2020, compared to last year's Rp 874 billion. The company's revenue is also expected to increase to Rp 28.59 trillion in 2019 and Rp 30.25 trillion in 2020, compared to the realization in 2018 reaching Rp 25.24 trillion.

Danareksa Sekuritas analyst

Darmagiri said, Antam was expected to be able to increase the volume of ferronickel production in 2019 and 2020. Ferron production this year is expected to grow around 8.6% to 27 thousand tons, in line with the increased utilization of ferronickel plants in Pomalaa.♦

There is News, Merdeka Copper

(MDKA) and PSAB Agree on

Operational Cooperation in

Gorontalo

T

HE STOCK prices of PT Merdeka Copper Gold

Tbk (MDKA) and PT J Resources Asia Pasifik Tbk (PSAB) are compactly strengthened.

"Total ANTAM's nickel preliminary explo-ration costs in September 2019 reached Rp

Management of the

Meanwhile, the company's bauxite explo-ration is carried out in the Tayan area, West Kalimantan and a review of several prospect areas. In the Tayan region, activities carried out in the form of geological mapping, making ts, grid measurements, GPS geodetic measurements and rock samples. "Antam's bauxi te preliminar y explor ation costs incurred in September reached Rp 446.54 million," said management through its official explanation in Jakarta, Monday (10/14).

areksa Sekuritas estimated an increase in net profit to Rp 807 billion this year and is expected to resume growth to Rp 856 billion in 2020, compared to last year's Rp 874 billion. The company's revenue is also expected to increase to Rp 28.59 trillion in 2019 and Rp 30.25 trillion in 2020, compared to the realization in 2018 reaching Rp 25.24

Danareksa Sekuritas analyst Stefanus Darmagiri said, Antam was expected to be able to increase the volume of ferronickel production in 2019 and 2020. Ferronickel production this year is expected to grow around 8.6% to 27 thousand tons, in line with the increased utilization of ferronickel

“Total biaya eksplorasi preliminary nikel ANTAM pada bulan September 2019 mencapai Rp 5,44 miliar,” ujar Manajemen Perseroan. Adapun, eksplorasi bauksit perseroan di lakukan di daerah Tayan, Kalimantan Barat dan tinjauan ke beberapa daerah prospek. Di wilayah Tayan, kegiatan yang dilakukan berupa pemetaan geologi, pembuatan test pit, pengukuran grid, pengukuran GPS geodetik dan percontoan batuan. “Biaya eksplorasi preliminary bauksit Antam yang dikeluarkan pada September ini mecapai Rp 446,54 juta,” ungkap manajemen melalui penjelasan resmi nya di Jakarta, Senin (14/10).

Sebelumnya, Danareksa Sekuritas memper kirakan peningkatan laba bersih menjadi Rp 807 miliar tahun ini dan diharapkan kembali lanjutkan pertumbuhan menjadi Rp 856 miliar pada 2020, dibandingkan perolehan tahun lalu sebesar Rp 874 miliar. Pendapatan perseroan juga diharapkan meningkat menjadi Rp 28,59 triliun pada 2019 dan Rp 30,25 triliun pada 2020, dibandingkan realisasi tahun 2018 men capai Rp 25,24 triliun.

Analis Danareksa Sekuritas St

Darmagiri mengatakan, Antam diperkira kan mampu untuk menaikkan volume produksi feronikel tahun 2019 dan 2020. Produksi feronikel tahun ini diharapkan tumbuh sekitar 8,6% menjadi 27 ribu ton, seiring dengan kenaikan utilisasi pabrik feronikel di Pomalaa.♦

There is News, Merdeka Copper

(MDKA) and PSAB Agree on

Operational Cooperation in

prices of PT Merdeka Copper Gold Tbk (MDKA) and PT J Resources Asia Pasifik Tbk (PSAB) are compactly strengthened.

Ada Kabar, Merdeka Copper

(MDKA) dan PSAB Sepakati

Kerjasama Operasional di

Gorontalo

H

ARGA saham PT Merdeka Copper Gold

Tbk (MDKA) dan PT

Pasifik Tbk (PSAB) kompak menguat.

Page 5

“Total biaya eksplorasi preliminary nikel ANTAM pada bulan September 2019 mencapai Rp 5,44 miliar,” ujar Manajemen Perseroan. Adapun, eksplorasi bauksit perseroan di-lakukan di daerah Tayan, Kalimantan Barat dan tinjauan ke beberapa daerah prospek. Di ayah Tayan, kegiatan yang dilakukan berupa pemetaan geologi, pembuatan test pit, pengukuran grid, pengukuran GPS geodetik an batuan. “Biaya eksplorasi preliminary bauksit Antam yang dikeluarkan pada September ini mecapai Rp 446,54 juta,” manajemen melalui penjelasan resmi-nya di Jakarta, Senin (14/10).

Sebelumnya, Danareksa Sekuritas memper-kirakan peningkatan laba bersih menjadi Rp 807 miliar tahun ini dan diharapkan kembali lanjutkan pertumbuhan menjadi Rp 856 miliar ngkan perolehan tahun lalu sebesar Rp 874 miliar. Pendapatan perseroan juga diharapkan meningkat menjadi Rp 28,59 triliun pada 2019 dan Rp 30,25 triliun pada 2020, dibandingkan realisasi tahun 2018

men-Analis Danareksa Sekuritas Stefanus Darmagiri mengatakan, Antam diperkira-kan mampu untuk menaikdiperkira-kan volume produksi feronikel tahun 2019 dan 2020. Produksi feronikel tahun ini diharapkan tumbuh sekitar 8,6% menjadi 27 ribu ton, seiring dengan kenaikan utilisasi pabrik

Ada Kabar, Merdeka Copper

(MDKA) dan PSAB Sepakati

Kerjasama Operasional di

Gorontalo

saham PT Merdeka Copper Gold Tbk (MDKA) dan PT J Resources Asia Pasifik Tbk (PSAB) kompak menguat.

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IMA-Daily Update

In the past four and a half months, the prices of these two shares have risen above 50%.

As of May 31, 2019 until Monday (10/14) at the end of the first trading session, MDKA's share price rose 53.80% f

4,080 to Rp 6,275 per share.

In the same period, PSAB's share price moved from Rp 181 to the level of Rp 324 per share, or up 79.01%.

A KONTAN source said that the rally in the prices of the two mining companies was not without cause.

"Both of them will be involved in strategic cooperation in Pani," said a KONTAN source, who did not want to be named on Wednesday (9/10) last week.

The strategic collaboration, continued KONTAN sources, is a joint operational plan or operational cooperation in gold mining in Pani.

Referring to the data from the prospectus for the PSAB Phase I Sustainable Bond Issuance Plan II worth Rp 500 billion, it is stated that the company has two mines that are in the development stage. The two mines are Pani and Doup, each located Bulagidun and Bolagitang.

The Pani Mine owned by PSAB Bulagidun, is managed by a subsidiary named PT Gorontalo Sejahtera Mining (GSM).

When about to be confirmed regarding the news, the Director of PSAB, Edi Permadi, did not answer short messages and KONTAN telephone calls.

Meanwhile, Adi Adriansyah Sjoekri, Corporate Secretary of MDKA, said that he did not know that. "But the activities in the Pani project are still focused on the technical activities of the feasibility study," Adi said to KONTAN, Thursday (10/10). In the past four and a half months, the prices of these two shares have risen above

As of May 31, 2019 until Monday (10/14) at the end of the first trading session, MDKA's share price rose 53.80% from Rp

In the same period, PSAB's share price moved from Rp 181 to the level of Rp 324

A KONTAN source said that the rally in the prices of the two mining companies was

will be involved in strategic cooperation in Pani," said a KONTAN source, who did not want to be named on

The strategic collaboration, continued KONTAN sources, is a joint operational plan or operational cooperation in gold

Referring to the data from the prospectus for the PSAB Phase I Sustainable Bond Issuance Plan II worth Rp 500 billion, it is stated that the company has two mines that are in the development stage. The two mines are Pani and Doup, each located in

The Pani Mine owned by PSAB Bulagidun, is managed by a subsidiary named PT Gorontalo Sejahtera Mining (GSM).

When about to be confirmed regarding the news, the Director of PSAB, Edi Permadi, did not answer short messages and

Meanwhile, Adi Adriansyah Sjoekri, Corporate Secretary of MDKA, said that he did not know that. "But the activities in the Pani project are still focused on the technical activities of the feasibility study,"

day (10/10).

Dalam tempo empat setengah bulan terakhir, harga kedua saham ini naik di atas 50%.

Per 31 Mei 2019 hingga Senin (14/10) akhir sesi perdagangan pertama, harga saham MDKA naik 53,80% dari Rp 4.080 ke posisi Rp 6.275 per saham.

Pada periode yang sama, harga saham PSAB bergerak dari Rp 181 ke level Rp 324 per saham, atau naik 79,01%.

Seorang sumber KONTAN mengatakan, reli harga saham kedua emiten tambang ini bukan tanpa sebab.

"Keduanya akan terlibat kerjasama strategis di Pani," ucap sumber KONTAN, yang tidak ingin disebutkan namanya, Rabu (9/10) pekan lalu.

Kerjasama strategis itu, lanjut sumber KONTAN, adalah rencana

atau kerjasama operas emas di Pani.

Merujuk data dari prospektus rencana penerbitan obligasi berkelanjutan I PSAB tahap II senilai Rp 500 miliar, disebutkan bahwa perusahaan ini memiliki dua tambang yang sedang dalam

pengembangan. Kedua tambang tersebut adalah Pani dan Doup, yang masing

berlokasi di Bulagidun dan Bola

Tambang Pani milik PSAB Bulagidun, dikelola oleh anak usahanya bernama PT Gorontalo Sejahtera Mining (GSM).

Saat hendak dikonfirmasi terkait kabar tersebut, Direktur PSAB, Edi Permadi, tidak menjawab pesan singkat dan panggilan telepon KONTAN.

Sedangkan Adi Adriansyah Sjoekri Sekretaris Perusahaan MDKA, menyatakan belum mengetahui hal tersebut. "Namun kegiatan di proyek Pani masih fokus untuk kegiatan teknis studi kelayakan," kata Adi, kepada KONTAN, Kamis (10/10).

Page 6

Dalam tempo empat setengah bulan terakhir, harga kedua saham ini naik di

Per 31 Mei 2019 hingga Senin (14/10) akhir sesi perdagangan pertama, harga saham MDKA naik 53,80% dari Rp 4.080 ke posisi Rp 6.275 per saham.

Pada periode yang sama, harga saham PSAB bergerak dari Rp 181 ke level Rp 324 per saham, atau naik 79,01%.

Seorang sumber KONTAN mengatakan, reli harga saham kedua emiten tambang ini

"Keduanya akan terlibat kerjasama " ucap sumber KONTAN, yang tidak ingin disebutkan namanya, Rabu (9/10) pekan lalu.

Kerjasama strategis itu, lanjut sumber KONTAN, adalah rencana join operational atau kerjasama operasional penambangan

Merujuk data dari prospektus rencana erbitan obligasi berkelanjutan I PSAB tahap II senilai Rp 500 miliar, disebutkan bahwa perusahaan ini memiliki dua tambang yang sedang dalam tahap pengembangan. Kedua tambang tersebut adalah Pani dan Doup, yang masing-masing berlokasi di Bulagidun dan Bolagitang. Tambang Pani milik PSAB Bulagidun, dikelola oleh anak usahanya bernama PT Gorontalo Sejahtera Mining (GSM).

Saat hendak dikonfirmasi terkait kabar tersebut, Direktur PSAB, Edi Permadi, tidak menjawab pesan singkat dan panggilan

edangkan Adi Adriansyah Sjoekri Sekretaris Perusahaan MDKA, menyatakan belum mengetahui hal tersebut. "Namun kegiatan di proyek Pani masih fokus untuk kegiatan teknis studi kelayakan," kata Adi, kepada KONTAN, Kamis (10/10).

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IMA-Daily Update

MDKA manages the mine in Pani

PT Pani Bersama Tambang, which is a subsidiary of PT Pani Bersama Jaya.

The Pani Bersama Tambang Jaya Mining Business License (IUP) is issued by the head of the Gorontalo Province ESDM investment and transmigration office

No.10/DPMESDM-TRANS/IUP-OLAH/III/2019.

The decree was issued March 14, 2019, and is valid until March 14, 2035.

Previously Adi explained, that in 2019 MDKA will hold explorations at three mining sites.

The three consisted of the Pani Gorontalo gold mine project, the Tujuh Bukit

silver mine in East Java, and the copper mine on Wetar Island in West Maluku. Last year, MDKA issued Rp 836.43 billion to purchase 68.93% of PT Pani Bersama Jaya's shares.

At that time, MDKA bought shares of Pani Bersama Jaya from its previous own namely PT Pani Bersama Emas, Ace Power Investment Limited and Januarius Felix Lumban Gaol.

Pani Bersama Jaya has a 100 hectare (ha) mining business permit. Reporter/Editor: Yuwono Triatmodjo

Inalum Signs Preliminary Agreement for Vale Divestment

I

NDONESIA Asahan Aluminium, the

preliminary agreement with Vale In

Sumitomo Metal Mining – to acquire 20 percent of the sha

largest nickel producer, Vale Indonesia said in a statement on Monday. Last week, the government appointed

before the deadline for relinquishing them MDKA manages the mine in Pani through PT Pani Bersama Tambang, which is a subsidiary of PT Pani Bersama Jaya.

The Pani Bersama Tambang Jaya Mining Business License (IUP) is issued by the head of the Gorontalo Province ESDM investment and transmigration office

-OP-The decree was issued March 14, 2019, and is valid until March 14, 2035.

Previously Adi explained, that in 2019 MDKA will hold explorations at three

The three consisted of the Pani Gorontalo Bukit gold and silver mine in East Java, and the copper mine on Wetar Island in West Maluku. Last year, MDKA issued Rp 836.43 billion to purchase 68.93% of PT Pani Bersama

At that time, MDKA bought shares of Pani Bersama Jaya from its previous owners, namely PT Pani Bersama Emas, Ace Power Investment Limited and Januarius Felix

Pani Bersama Jaya has a 100 hectare (ha)

Reporter/Editor:

MDKA mengelola tambang di Pani melalui PT Pani Bersama Tambang, yang merupa kan anak usaha PT Pani Bersama Jaya. Izin Usaha Pertambangan (IUP) Pani Bersama Tambang Jaya diterbitkan oleh kepala dinas penanaman modal ESDM dan transmigrasi Propinsi Gorontalo No.10/ DPMESDM-TRANS/IUP

Keputusan tersebut terbit 14 Maret 2019, dan berlaku sampai 14 Maret 2035.

Sebelumnya Adi sempat

bahwa di tahun 2019 ini MDKA akan menggelar eksplorasi di tiga lokasi tambang. Ketiganya terdiri dari proyek tambang emas Pani Gorontalo, tambang emas dan perak Tujuh Bukit di Jawa Timur, dan tambang tembaga di Pulau Wetar di Maluku Barat. Tahun lalu, MDKA telah mengeluarkan kocek senilai Rp 836,43 miliar guna mengakuisisi 68,93% sa

Bersama Jaya.

Saat itu, MDKA membeli saham Pani Bersama Jaya dari pemilik sebelumnya, yaitu PT Pani Bersama Emas, Ace Power Investment Limited dan Januarius Felix Lumban Gaol.

Pani Bersama Jaya memiliki izin usaha pertambangan seluas 100 hekt

Reporter/Editor: Yuwono Triatmodjo

Inalum Signs Preliminary Agreement for Vale Divestment

Asahan Aluminium, the state-owned mining holding company, has entered into a Vale Indonesia and two of its shareholders

to acquire 20 percent of the shares in the company, Indonesia's largest nickel producer, Vale Indonesia said in a statement on Monday.

the government appointed Indonesia Asahan, or Inalum, to acquire the shares relinquishing them comes at the end of this month.

Page 7

MDKA mengelola tambang di Pani melalui Tambang, yang merupa-kan anak usaha PT Pani Bersama Jaya. Izin Usaha Pertambangan (IUP) Pani Bersama Tambang Jaya diterbitkan oleh kepala dinas penanaman modal ESDM dan transmigrasi Propinsi Gorontalo No.10/ TRANS/IUP-OP-OLAH/III/2019. tersebut terbit 14 Maret 2019, dan berlaku sampai 14 Maret 2035.

Sebelumnya Adi sempat menjelaskan, bahwa di tahun 2019 ini MDKA akan menggelar eksplorasi di tiga lokasi tambang. Ketiganya terdiri dari proyek tambang emas Pani Gorontalo, tambang emas dan perak Tujuh Bukit di Jawa Timur, dan tambang tembaga di Pulau Wetar di Maluku Barat. Tahun lalu, MDKA telah mengeluarkan kocek senilai Rp 836,43 miliar guna mengakuisisi 68,93% saham PT Pani

Saat itu, MDKA membeli saham Pani Bersama Jaya dari pemilik sebelumnya, yaitu PT Pani Bersama Emas, Ace Power Investment Limited dan Januarius Felix

Pani Bersama Jaya memiliki izin usaha pertambangan seluas 100 hektare (ha).

Reporter/Editor: Yuwono Triatmodjo

Inalum Signs Preliminary Agreement for Vale Divestment

owned mining holding company, has entered into a shareholders – Vale Canada and the company, Indonesia's

, or Inalum, to acquire the shares comes at the end of this month.

(8)

IMA-Daily Update

"The signing of the agreement is the first step in a

Vale and Inalum in managing strategic mineral resources in the country," Vale Indonesia said in the statement.

The companies plan to draw and sign definitive agreements by the en a financial close for the transaction six months after the

Vale Canada controls 58.73 percent of Vale Indonesia and 20.1 percent. The remainder of the shares are contro

Japan (0.55 percent) and Sumitomo Corporation (0.14 percent). Neither Vale nor Inalum has announced a

After Vale Indonesia released its statement, the company's shares rose 3.1 session of trading on Monday, extending their

market capitalization to Rp 39 trillion ($2.8 billion).

Nickel Prices Stronger, Vale

Indonesia (INCO) Optimistic

Print Profit This Year

Muhammad Ridwan

P

T VALE Indonesia Tbk. optimistic that it

can make a profit this year after in the semester I/2019 period the company posted a loss.

Finance Director of Vale Indonesia Bernadus Irmanto projects that the company's financial performance in the fourth quarter of 2019 will be much better compared to the previous period.

"We will be able to record profits compared to the loss position in the first semester of 2019," he told

Monday (10/14/2019).

Based on the financial statements for the first semester of 2019, Vale Indonesia posted revenues of US$ 292.25 million. The achievement was down 21.99% from US$ 374.61 million in the same period last year.

agreement is the first step in a long-term strategic cooperation between Vale and Inalum in managing strategic mineral resources in the country," Vale Indonesia said

The companies plan to draw and sign definitive agreements by the end of this year and expect a financial close for the transaction six months after the signing, Vale Indonesia said.

58.73 percent of Vale Indonesia and Sumitomo Metal Mining controls of the shares are controlled by the public (20.5 percent), Vale Japan (0.55 percent) and Sumitomo Corporation (0.14 percent).

Neither Vale nor Inalum has announced a valuation for the share acquisition. released its statement, the company's shares rose 3.1

session of trading on Monday, extending their rally into a fourth day and boosting their Rp 39 trillion ($2.8 billion).♦

Nickel Prices Stronger, Vale

Indonesia (INCO) Optimistic

Print Profit This Year

Muhammad Ridwan

Indonesia Tbk. optimistic that it can make a profit this year after in the semester I/2019 period the company

Finance Director of Vale Indonesia Bernadus Irmanto projects that the company's financial performance in the fourth quarter of 2019 will be much better compared to the previous period.

"We will be able to record profits compared to the loss position in the first semester of 2019," he told Bisnis on

Based on the financial statements for the first semester of 2019, Vale Indonesia posted revenues of US$ 292.25 million. The achievement was down 21.99% from US$ 374.61 million in the same period last year.

Harga Nikel Mengua

Indonesia (INCO) Optimistis

Cetak Laba Tahun Ini

Muhammad Ridwan

P

T VALE Indonesia Tbk. optimistis dapat

mencetak laba pada tahun ini setelah pada periode semester I/2019 perseroan mem bukukan kerugian.

Direktur Keuangan Vale Indonesia Bernadus Irmanto memproyeksikan bahwa kinerja keuangan perseroan pada kuartal IV/2019 akan jauh lebih baik dibandingkan dengan periode sebelumnya. “Kami akan bisa membukukan keuntungan dibandingkan dengan

semester I/2019,” ujarnya kepada Senin (14/10/2019).

Berdasarkan laporan keuangan semester I/2019, Vale Indonesia membukukan pendapatan US$292,25 juta. Pencapaian itu turun 21,99% dari US$374,61 juta pada periode yang sama tahun

Page 8

term strategic cooperation between Vale and Inalum in managing strategic mineral resources in the country," Vale Indonesia said

d of this year and expect signing, Vale Indonesia said.

Sumitomo Metal Mining controls public (20.5 percent), Vale

valuation for the share acquisition.

released its statement, the company's shares rose 3.1 percent in the first a fourth day and boosting their

Harga Nikel Menguat, Vale

Indonesia (INCO) Optimistis

Cetak Laba Tahun Ini

Muhammad Ridwan

Indonesia Tbk. optimistis dapat mencetak laba pada tahun ini setelah pada periode semester I/2019 perseroan

mem-Direktur Keuangan Vale Indonesia Bernadus Irmanto memproyeksikan bahwa kinerja keuangan perseroan pada kuartal IV/2019 akan jauh lebih baik dibandingkan dengan periode sebelumnya. “Kami akan bisa membukukan keuntungan dibandingkan dengan posisi rugi pada semester I/2019,” ujarnya kepada Bisnis,

Berdasarkan laporan keuangan semester I/2019, Vale Indonesia membukukan pendapatan US$292,25 juta. Pencapaian itu turun 21,99% dari US$374,61 juta pada periode yang sama tahun lalu.

(9)

IMA-Daily Update

From there, the company's cost of revenue was recorded at US$ 315.01 million in semester I/2019. The position fell 1.89% from US$ 321.07 million in the first semester of 2018.

Thus, the issuer coded INCO shares posted a net loss of US$ 26.17 million

I/2019. The realization was inversely proportional to a net profit of US$ 29.38 million in semester I/2018.

"The main motor for hoisting financial performance in the fourth quarter of 2019 was price factors and also better production capacity compared to the beginning of the year," he said.

On the production side, INCO reported that until the third quarter of 2019 the company's total nickel production was recorded at 50,531 metric tons. The record was 6.81% lower compared to the same period last year of 54,227 metric tons. Meanwhile, in the third quarter of 2019 the total production of INCO nickel was 19,820 metric tons, an increase of 8.93% compared to the realization in the third quarter of 2018 of 18,193 metric tons. Total production in the third quarter of 2019 also increased by 12% compared to the realization of nickel production in the second quarter of 2019 which recorded 17,631 metric tons.

"Production in the third quarter of 2019 was higher than the production in the second quarter of 2019 due to the completion of the main maintenance acti vi ties. We are optimistic that we can reach the 2019 production target of around 71,000 tons," Vale Indonesia's CEO and President Director Nico Kanter said in his official statement. In its latest development, Vale Indonesia, Vale Canada Limited and Sumitomo Metal Mining together with PT Indonesia Asahan Aluminum (Persero) have si gned a Preliminary Agreement relating to INCO's divestment obligations.

From there, the company's cost of revenue was recorded at US$ 315.01 million in semester I/2019. The position fell 1.89% from US$ 321.07 million in the first semester

Thus, the issuer coded INCO shares posted a in semester I/2019. The realization was inversely proportional to a net profit of US$ 29.38

"The main motor for hoisting financial performance in the fourth quarter of 2019 was price factors and also better production compared to the beginning of the

On the production side, INCO reported that until the third quarter of 2019 the company's total nickel production was recorded at 50,531 metric tons. The record was 6.81% lower compared to the same

t year of 54,227 metric tons. Meanwhile, in the third quarter of 2019 the total production of INCO nickel was 19,820 metric tons, an increase of 8.93% compared to the realization in the third quarter of 2018 of 18,193 metric tons.

hird quarter of 2019 also increased by 12% compared to the realization of nickel production in the second quarter of 2019 which recorded

"Production in the third quarter of 2019 was higher than the production in the second 19 due to the completion of the main maintenance acti vi ties. We are optimistic that we can reach the 2019 production target of around 71,000 tons," Vale Indonesia's CEO and President Director Nico Kanter said in his official statement. In its latest development, Vale Indonesia, Vale Canada Limited and Sumitomo Metal Mining together with PT Indonesia Asahan Aluminum (Persero) have si gned a Preliminary Agreement relating to INCO's

Dari situ, beban pokok pendapatan p

tercatat senilai US$315,01 juta pada semester I/2019. Posisi tersebut turun 1,89% dari US$321,07 juta pada semester I/2018.

Dengan demikian, emiten berkode saham INCO itu membukukan rugi bersih US$26,17 juta pada semester I/2019. Realisasi itu ber banding terbalik dari laba bersih US$29,38 juta pada semester I/2018.

“Motor utama pengerek kinerja keuangan pada kuartal IV/2019 adalah faktor harga dan juga kapasitas produksi yang lebih baik dibandingkan dengan awal tahun,” ungkap nya.

Di sisi produksi, INCO melaporkan hingga kuartal III/2019 total produksi nikel perseroan tercatat sebanyak 50.531 metrik ton. Catatan tersebut lebih rendah 6,81% dibandingkan dengan peride yang sama tahun lalu sebanyak 54.227 metrik ton. Sementara itu, pada kuartal III/20

produksi nikel INCO tercatat sebanyak 19.820 metrik ton, meningkat 8,93% dibandingkan dengan realisasi pada kuartal III/2018 sebanyak 18.193 metrik ton.

Total produksi pada kuartal III/2019 juga tercatat meningkat 12% dibandingkan realisasi produksi nikel pada kuartal II/2019 yang tercatat yakni 17.631 metrik ton.

“Produksi pada kuartal III/2019 lebih tinggi dibandingkan dengan produksi pada kuartal II/2019 karena telah selesainya aktivitas aktivitas pemeliharan utama. Kami optimistis bisa mencapai target produksi 2019 sekitar 71.000 ton,” ujar CEO dan Presiden Direktur Vale Indonesia Nico Kanter dalam keterangan resminya.

Dalam perkembanganya yang terbaru, Vale Indonesia, Vale Can ada Limi ted dan Sumitomo Metal Mining bersama Indonesia Asahan Aluminium (Persero) telah menandatangani Perjanjian Pendahuluan sehubun gan den gan

INCO.

Page 9

Dari situ, beban pokok pendapatan perseroan tercatat senilai US$315,01 juta pada semester I/2019. Posisi tersebut turun 1,89% dari US$321,07 juta pada semester I/2018.

Dengan demikian, emiten berkode saham INCO itu membukukan rugi bersih US$26,17 juta pada semester I/2019. Realisasi itu ber-banding terbalik dari laba bersih US$29,38 juta pada semester I/2018.

“Motor utama pengerek kinerja keuangan pada kuartal IV/2019 adalah faktor harga dan juga kapasitas produksi yang lebih baik dibandingkan dengan awal tahun,”

ungkap-, INCO melaporkan hingga kuartal III/2019 total produksi nikel perseroan tercatat sebanyak 50.531 metrik ton. Catatan tersebut lebih rendah 6,81% dibandingkan dengan peride yang sama tahun lalu sebanyak 54.227 metrik ton. Sementara itu, pada kuartal III/2019 total produksi nikel INCO tercatat sebanyak meningkat 8,93% dibandingkan dengan realisasi pada kuartal III/2018 sebanyak 18.193 metrik ton. Total produksi pada kuartal III/2019 juga tercatat meningkat 12% dibandingkan si nikel pada kuartal II/2019 yang tercatat yakni 17.631 metrik

“Produksi pada kuartal III/2019 lebih tinggi dibandingkan dengan produksi pada kuartal II/2019 karena telah selesainya aktivitas-aktivitas pemeliharan utama. Kami optimistis

target produksi 2019 sekitar 71.000 ton,” ujar CEO dan Presiden Direktur Vale Indonesia Nico Kanter dalam keterangan

Dalam perkembanganya yang terbaru, Vale Indonesia, Vale Can ada Limi ted dan Sumitomo Metal Mining bersama PT minium (Persero) telah Perjanjian Pendahuluan sehubun gan den gan kewajiban divestasi

(10)

IMA-Daily Update

In an official statement on Monday (10/14/2019), the company revealed that the preliminary agreement signed on October 11, 2019 was the initial step fo the start of a long-term strategic partner ship between Vale Indonesia and Inalum in managing strategic mineral resources in Indonesia.

The signing of the agreement was in line with the letter of the Ministry of ESDM of the Republic of Indonesia No. 1706

2019 dated October 8, 2019 which confirms that the Government of the Republic of Indonesia has appointed Inalum as its representative in taking over 20% of Vale Indonesia's shares to fulfill its divestment obligations.

The agreement was signed by Vale Indonesia President Director Nico Kanter, Vi ce President Director Febriany Eddy, Vale Canada Limited CEO Mark James Travers and Deputy General Manager, Sumitomo Metal Mining's Non-Ferrous Metals Division Kaoru Hayashi. Mean while, Inalum was represented by President Director Budi Gunadi Sadikin as President Director.

"The Parties plan to sign the main definitive agreements at the end of 2019 and complete the entire transaction within 6 months after the signing of the definitive agreements," Bernadus said.

The signing of this agreement, he continued, put Vale Indonesia in the right position to contribute to Indonesia's development and stren gthen Vale Indonesia's

commitment to the processing of nickel resources in order to increase added value, sustainability and local empowerment in Indonesia.

In the capital market, INCO shares closed stagnant at the level of Rp3,830 per share at the end of trading Monday (10/14/ 2019). INCO posted a 17.48% increase in share prices throughout the year 2019 with a capitalization of Rp38.06 trillion.

Editor: Ana Noviani

In an official statement on Monday (10/14/2019), the company revealed that the preliminary agreement signed on October 11, 2019 was the initial step for term strategic partner-ship between Vale Indonesia and Inalum in managing strategic mineral resources in

The signing of the agreement was in line with the letter of the Ministry of ESDM of the Republic of Indonesia No. 1706/32/DJB/ 2019 dated October 8, 2019 which confirms that the Government of the Republic of Indonesia has appointed Inalum as its representative in taking over 20% of Vale Indonesia's shares to fulfill its divestment

Vale Indonesia President Director Nico Kanter, Vi ce President Director Febriany Eddy, Vale Canada Limited CEO Mark James Travers and Deputy General Manager, Sumitomo Metal Ferrous Metals Division Kaoru Hayashi. Mean while, Inalum was d by President Director Budi Gunadi Sadikin as President Director.

"The Parties plan to sign the main definitive agreements at the end of 2019 and complete the entire transaction within 6 months after the signing of the definitive agreements,"

The signing of this agreement, he continued, put Vale Indonesia in the right position to contribute to Indonesia's development and stren gthen Vale Indonesia's long-term commitment to the processing of nickel resources in order to increase added value, ustainability and local empowerment in

In the capital market, INCO shares closed stagnant at the level of Rp3,830 per share at the end of trading Monday (10/14/ 2019). INCO posted a 17.48% increase in share prices throughout the year 2019 with a capitalization of Rp38.06 trillion.

Dalam keterangan resmi pada Senin (14/10/ 2019), perseroan mengungkapkan bahwa perjanjian pendahuluan yang diteken

Oktober 2019 merupakan langkah awal dimulainya kerja sama strategis jangka panjang antara Vale Indonesia dan Inalum dalam mengelola sumber daya mineral strategis di Indonesia.

Ditekennya perjanjian itu sejalan dengan surat Kementerian Energi dan S

Republik Indonesia No. 1706/32/DJB/2019 tanggal 8 Oktober 2019 yang menegaskan bahwa Pemerintah Republik Indonesia telah menunjuk Inalum sebagai perwakilannya dalam mengambil alih 20% saham Vale Indonesia untuk memenuhi

divestasinya.

Perjanjian ditandatangani oleh

Direktur Vale Indonesia Nico Kanter, Wakil Presiden Direktur Febriany Eddy, CEO Vale Canada Limited Mark James Travers dan Deputy General Manager, Non

Division Sumitomo Metal Mining Kaoru Hayashi. Sementara itu, pihak Inalum diwakili oleh Presiden Direktur Budi Gunadi Sadikin selaku Presiden Direktur.

"Para Pihak berencana untuk menandatangani perjanjian-perjanjian definitif utama pada akhir 2019 dan menyelesaikan keseluruhan transaksi dalam waktu 6 bulan setelah pe nandatanganan perjanjian

tersebut," ujar Bernadus.

Penandatanganan perjanjian ini, lanjutnya, menempatkan Vale Indonesia pada posisi yang tepat untuk berkontribusi bagi pembangunan Indonesia dan memperkuat komitmen jangka panjang Vale Indonesia terhadap pengolahan sumber daya nikel guna peningkatan nilai tambah, keberlanjutan dan pemberdayaan lokal di Indonesia.

Di pasar modal, saham INCO ditutup stagnan di level Rp3.830 per saham pada akhir perdagangan Senin (14/10

bukukan kenaikan harga saham 17,48% sepanjang tahun berjalan 2019 dengan nilai kapitalisasi sebesar Rp38,06 triliun.

Ana Noviani

Page 10

Dalam keterangan resmi pada Senin (14/10/ 2019), perseroan mengungkapkan bahwa perjanjian pendahuluan yang diteken pada 11 Oktober 2019 merupakan langkah awal dimulainya kerja sama strategis jangka panjang antara Vale Indonesia dan Inalum dalam mengelola sumber daya mineral

Ditekennya perjanjian itu sejalan dengan surat Kementerian Energi dan Sumber Daya Mineral Republik Indonesia No. 1706/32/DJB/2019 tanggal 8 Oktober 2019 yang menegaskan bahwa Pemerintah Republik Indonesia telah menunjuk Inalum sebagai perwakilannya dalam mengambil alih 20% saham Vale Indonesia untuk memenuhi kewajiban

Perjanjian ditandatangani oleh Presiden Direktur Vale Indonesia Nico Kanter, Wakil Presiden Direktur Febriany Eddy, CEO Vale Canada Limited Mark James Travers dan Deputy General Manager, Non-Ferrous Metals Division Sumitomo Metal Mining Kaoru i. Sementara itu, pihak Inalum diwakili oleh Presiden Direktur Budi Gunadi Sadikin selaku Presiden Direktur.

"Para Pihak berencana untuk menandatangani perjanjian definitif utama pada akhir 2019 dan menyelesaikan keseluruhan u 6 bulan setelah pe-nandatanganan perjanjian-perjanjian definitif tersebut," ujar Bernadus.

Penandatanganan perjanjian ini, lanjutnya, menempatkan Vale Indonesia pada posisi yang tepat untuk berkontribusi bagi pembangunan Indonesia dan memperkuat jangka panjang Vale Indonesia terhadap pengolahan sumber daya nikel guna peningkatan nilai tambah, keberlanjutan dan pemberdayaan lokal di Indonesia.

Di pasar modal, saham INCO ditutup stagnan di level Rp3.830 per saham pada akhir perdagangan Senin (14/10/2019). INCO mem-bukukan kenaikan harga saham 17,48% sepanjang tahun berjalan 2019 dengan nilai kapitalisasi sebesar Rp38,06 triliun. Editor :

(11)

IMA-Daily Update

UNTR shares bought up by

foreigners, because of the many

gold reserves?

Houtmand P Saragih, CNBC Indonesia

T

HE STOCK price of PT United Tractors

Tbk (UNTR) in today's trading on Monday (10/14/2019) was mostly bought by foreign investors (net buy). The share price of a subsidiary of PT Astra International Tbk (ASII) also flew because it was driven by the accumulation of net foreign purchases.

IDX data noted, the value of foreign net buy accumulation in UNTR-coded shares today reached Rp 108.02 billion. The foreign net buy caused the price of UNTR shares to rise 1.35% to a level of Rp 20,600/share. During the year (year to date) UNTR shares were actually released by many foreign alias net sell. The total net sell shares of UNTR in the period reached Rp 1.6 trillion. This makes UNTR's share price corrected yearly to 24.68%.

The main sentiment that made UNTR's stock performance plummeted was a decline in sales of heavy equipment due to falling commodity prices such as coal and crude palm oil (CPO).

Until the first semester of this year, UNTR heavy equipment sales were corrected by 20.13% to 1,917 units from the previous year of 2,400 units.

UNTR cut its Komatsu brand heavy equipment sales target this year from 4,000 units to only 3,600 units.

UNTR shares bought up by

of the many

gold reserves?

price of PT United Tractors Tbk (UNTR) in today's trading on Monday (10/14/2019) was mostly bought by foreign investors (net buy). The share price of a subsidiary of PT Astra International Tbk (ASII) also flew because it was driven net foreign

IDX data noted, the value of foreign net buy coded shares today reached Rp 108.02 billion. The foreign net buy caused the price of UNTR shares to rise 1.35% to a level of Rp 20,600/share.

date) UNTR shares were actually released by many foreign alias net sell. The total net sell shares of UNTR in the period reached Rp 1.6 trillion. This makes UNTR's share price

The main sentiment that made UNTR's ce plummeted was a decline in sales of heavy equipment due to falling commodity prices such as coal and

Until the first semester of this year, UNTR heavy equipment sales were corrected by 20.13% to 1,917 units from the previous

UNTR cut its Komatsu brand heavy equipment sales target this year from 4,000 units to only 3,600 units.

Saham UNTR Diborong Asing,

Gegara Cadangan Emas

Banyak?

H

ARGA saham PT United Tractors Tbk

(UNTR) pada perdagangan hari ini, Senin (14/10/2019) paling banyak di borong investor asing (net buy

usaha PT Astra International Tbk (ASII) ini ikut terbang karena didoron

beli bersih asing tersebut.

Data BEI mencatat, nilai akumulasi beli bersih (net buy) asing pada saham berkode UNTR hari ini mencapai Rp 108,02 miliar.

Net buy asing tersebut membuat harga

saham UNTR naik 1,35% ke level Rp 20.600/saham.

Selama tahun berjalan (

UNTR sebenarnya banyak dilepas asing alias net sell. Total net sell

pada periode tersebut mencapai Rp 1,6 triliun. Ini yang membuat harga saham UNTR secara year to date

24,68%.

Sentimen utama yang membuat kinerja saham UNTR terperosok adalah penurunan penjualan alat berat karena penurunan harga komoditas seperti batubara dan minyak sawit mentah (

turun.

Hingga semester pertama tahun jualan alat berat UNTR

menjadi 1.917 unit dari tahun sebelumnya sebanyak 2.400 unit.

UNTR memangkas target penjualan alat berat merek Komatsu pada tahun ini dari 4.000 unit menjadi hanya 3.600 unit saja.

Page 11

Saham UNTR Diborong Asing,

Gegara Cadangan Emas

Banyak?

PT United Tractors Tbk pada perdagangan hari ini, Senin (14/10/2019) paling banyak di borong

net buy). Harga saham anak

usaha PT Astra International Tbk (ASII) ini ikut terbang karena didorong akumulasi beli bersih asing tersebut.

mencatat, nilai akumulasi beli ) asing pada saham berkode hari ini mencapai Rp 108,02 miliar. asing tersebut membuat harga saham UNTR naik 1,35% ke level Rp

tahun berjalan (year to date) saham UNTR sebenarnya banyak dilepas asing

net sell saham UNTR

pada periode tersebut mencapai Rp 1,6 triliun. Ini yang membuat harga saham

year to date terkoreksi hingga

a yang membuat kinerja saham UNTR terperosok adalah penurunan penjualan alat berat karena penurunan harga komoditas seperti batubara dan minyak sawit mentah (crude palm oil/CPO)

Hingga semester pertama tahun ini, pen-jualan alat berat UNTR terkoreksi 20,13% menjadi 1.917 unit dari tahun sebelumnya

UNTR memangkas target penjualan alat Komatsu pada tahun ini dari 4.000 unit menjadi hanya 3.600 unit saja.

(12)

IMA-Daily Update

Anticipating a decline in coal prices, UNTR began expanding into the gold mining business, through the Martabe mine in North Sumatra. UNTR is recorded to have a total gold metal reserves of 127.57 tons or 4.5 million ounces equivalent, where the amount of gold resources owned is 229.63 tons. (hps/tas)

Freeport & Vale have been

captured, what else is targeted by

MIND ID CEO Budi Gunadi

Sadikin?

G

IANT, so presumably Mining Industry

Indonesia (MIND.ID) today. How not, after buying a 51% stake in Freeport Indonesia, now MIND.ID bought a 20% stake in PT Vale Indonesia Tbk (INCO, a member of the Kompas100 index).

Do not stop there, MIND.ID whose members are PT Bukit Asam Tbk (PTBA, member of the Kompas100 index) is also eyeing coal mining land owned by PKP2B mining contractors whose contracts will expire.

Deputy for Mining, Strategic Industry and Media at the Ministry of SOEs, Fajar Harry Sampurno, did not deny that the state owned mining company incorporate the holding of PT Indonesia Asahan Alumnium (Inalum) currently MIND.ID continues to be encouraged to be able to increase reserves of each commodity. This was done both through the acquisition of mining land and absorbing divestment shares. "One of the tasks is why it is grouped (holding) to add reserves, if there are reserves with good benefits," he explained some time ago.

Anticipating a decline in coal prices, UNTR the gold mining business, through the Martabe mine in North Sumatra. UNTR is recorded to have a total gold metal reserves of 127.57 tons or 4.5 million ounces equivalent, where the amount of gold resources owned is 229.63

Mengantisipasi penurunan harga batubara, UNTR mulai ekspansi ke bisnis pertam bangan emas, melalui tambang Martabe di Sumatera Utara. UNTR tercatat memiliki total cadangan logam emas sebesar 127,57 ton atau setara 4,5 juta ons, di mana jumlah sumber daya emas yang dimiliki tersebut mencapai 229,63 ton.

Freeport & Vale have been

captured, what else is targeted by

MIND ID CEO Budi Gunadi

, so presumably Mining Industry today. How not, after buying a 51% stake in Freeport Indonesia, now MIND.ID bought a 20% stake in PT Vale Indonesia Tbk (INCO, a member of the

Do not stop there, MIND.ID whose members are PT Bukit Asam Tbk (PTBA, ndex) is also eyeing coal mining land owned by PKP2B mining contractors whose contracts will

Deputy for Mining, Strategic Industry and Media at the Ministry of SOEs, Fajar Harry Sampurno, did not deny that the state-owned mining company incorporated in the holding of PT Indonesia Asahan Alumnium (Inalum) currently MIND.ID continues to be encouraged to be able to increase reserves of each commodity. This was done both through the acquisition of mining land and absorbing divestment tasks is why it is grouped (holding) to add reserves, if there are reserves with good benefits," he

Freeport & Vale sudah direbut,

apa lagi yang diincar CEO MIND

ID Budi Gunadi Sadikin?

R

AKSASA, begitu kiranya Mining Industry

Indonesia (MIND.ID) saat ini. Bagaimana tidak, setelah membeli 51% saham Freeport Indonesia, kini MIND.ID membeli 20% saham PT Vale Indonesia Tbk

anggota indeks Kompas100

Tak berhenti sampai situ, MIND.ID yang anggotanya adalah PT Bukit Asam Tbk (PTBA, anggota indeks

sedang mengincar lahan tambang batubara milik para kontraktor tambang PKP2B yang kontraknya akan habis.

Deputi Bidang Pertambangan, Industri Strategis dan Media Kementerian BUMN, Fajar Harry Sampurno tak menampik bahwa perusahaan tambang milik B yang tergabung dalam holding PT Indonesia Asahan Alumnium (Inalum) saat ini MIND.ID terus didorong untuk bisa menambah cadangan dari setiap komo ditasnya.

Hal itu dilakukan baik melalui akuisisi lahan tambang maupun menyerap saham divestasi. "Salah satu tugas kenapa di

kan (holding) kan untuk

cadangan, kalau ada cadangan yang benefit nya bagus," terangnya beberapa waktu lalu.

Page 12

urunan harga batubara, UNTR mulai ekspansi ke bisnis pertam-bangan emas, melalui tambang Martabe di Sumatera Utara. UNTR tercatat memiliki total cadangan logam emas sebesar 127,57 ton atau setara 4,5 juta ons, di mana jumlah sumber daya emas yang dimiliki tersebut mencapai 229,63 ton. (hps/tas)

Freeport & Vale sudah direbut,

apa lagi yang diincar CEO MIND

ID Budi Gunadi Sadikin?

, begitu kiranya Mining Industry saat ini. Bagaimana tidak, setelah membeli 51% saham Freeport Indonesia, kini MIND.ID membeli 20% saham PT Vale Indonesia Tbk (INCO,

Kompas100 ini).

Tak berhenti sampai situ, MIND.ID yang anggotanya adalah PT Bukit Asam Tbk (PTBA, anggota indeks Kompas100 ini) juga sedang mengincar lahan tambang batubara milik para kontraktor tambang PKP2B yang kontraknya akan habis.

Deputi Bidang Pertambangan, Industri Strategis dan Media Kementerian BUMN, Fajar Harry Sampurno tak menampik bahwa perusahaan tambang milik BUMN yang tergabung dalam holding PT Indonesia Asahan Alumnium (Inalum) saat terus didorong untuk bisa menambah cadangan dari setiap

komo-Hal itu dilakukan baik melalui akuisisi lahan tambang maupun menyerap saham tu tugas kenapa di-grup-kan (holding) di-grup-kan untuk menambah cadangan, kalau ada cadangan yang benefit-nya bagus," terangbenefit-nya beberapa waktu lalu.

(13)

IMA-Daily Update

As a realization, Mining Industry Indonesia (MIND ID) and PT Vale Indonesia Tbk (PTVI) together with its sharehold

Canada Limited (VCL) and Sumitomo Metal Mining Co., Ltd. (SMM), on October 11, 2019 had signed a Preliminary Agreement to take over 20% of PTVI's divested shares to Indonesian participants.

The signing of this agreement is the first step to start a long-term strategic cooperation between MIND ID and PTVI. These Preliminary Agreements will then be followed by several major definitive agreements.

The divestment of 20% of PTVI shares is an obligation of the 2014 amendment to the Contract of Work (KK) between PTVI and the government which must be implemented five years after the amendment.

PTVI CoW will end at the end of 2025 and can be changed or extended to a Special Mining Business License (IUPK) in accordance with statutory regulations. PTVI shareholders currently include VCL of 58.73%, SMM of 20.09% and public amounting to 20.49%.

The government has appointed PT Indonesia Asahan Aluminum (Persero), as the Mining Industry Holding which currently has a new identity as MIND ID, to take PTVI divestment shares.

This step is in line with MIND ID's mandate to manage Indonesia's strategic mineral reserves and encourage the down streaming of the national mining industry. "MIND ID's participation in world mining companies, such as Vale Indonesia (Brazil) and Freeport Indonesia (America), is evidence of Indonesia's success in maintaining and attracting global company investment in the national mining industry," said MIND ID Group CEO Budi G. Sadikin, in today's press release.

As a realization, Mining Industry Indonesia (MIND ID) and PT Vale Indonesia Tbk (PTVI) together with its shareholders, Vale Canada Limited (VCL) and Sumitomo Metal Mining Co., Ltd. (SMM), on October 11, 2019 had signed a Preliminary Agreement to take over 20% of PTVI's divested shares

The signing of this agreement is the first term strategic cooperation between MIND ID and PTVI. These Preliminary Agreements will then be followed by several major definitive

The divestment of 20% of PTVI shares is an obligation of the 2014 amendment to between PTVI and the government which must be implemented five years after the

PTVI CoW will end at the end of 2025 and can be changed or extended to a Special Mining Business License (IUPK) in accordance with statutory regulations. olders currently include VCL of 58.73%, SMM of 20.09% and public

The government has appointed PT Indonesia Asahan Aluminum (Persero), as the Mining Industry Holding which currently has a new identity as MIND ID, to

This step is in line with MIND ID's mandate to manage Indonesia's strategic mineral reserves and encourage the down-streaming of the national mining industry. "MIND ID's participation in world-class mining companies, such as Vale Indonesia ) and Freeport Indonesia (America), is evidence of Indonesia's success in maintaining and attracting global company investment in the national mining industry," said MIND ID Group CEO Budi G. Sadikin, in today's press release.

Sebagai realisasi, Mining Ind

(MIND ID) dan PT Vale Indonesia Tbk (PTVI) bersama dengan para pemegang sahamnya, Vale Canada Limited (VCL) dan Sumitomo Metal Mining Co., Ltd. (SMM), pada tanggal 11 Oktober 2019 telah menandatangani Perjanjian Pendahuluan untuk mengambil alih 20% saham divestasi PTVI kepada peserta Indonesia.

Penandatanganan perjanjian ini adalah langkah awal dimulainya kerja sama strategis jangka panjang antara MIND ID dan PTVI. Perjanjian Pendahuluan ini selanjutnya akan diikuti beberapa perjanjian definitif utama.

Divestasi 20% saham PTVI merupakan kewajiban dari amandemen Kontrak Karya (KK) di tahun 2014 antara PTVI dan pemerintah yang harus dilaksanakan lima tahun setelah amandemen tersebut.

KK PTVI akan berakhir di akhir 2025 dan dapat diubah atau diperpanjang menjadi Izin Usaha Pertambangan Khusus (IUPK) sesuai peraturan perundang-undangan., Pemegang saham PTVI saat ini anta

58,73%, SMM sebesar 20,09% dan publik sebesar 20,49%.

Pemerintah telah menunjuk PT Indonesia Asahan Aluminium (Persero), sebagai Holding Industri Pertambangan yang saat ini telah memiliki identitas baru sebagai MIND ID, untuk mengambil saham divestasi PTVI. Langkah ini sesuai dengan mandat MIND ID untuk mengelola cadangan mineral strategis Indonesia dan mendorong hilirisasi industri pertambangan nasional.

“Partisipasi MIND ID di perusahaan tambang kelas dunia, seperti Vale Indonesia (B dan Freeport Indonesia (Amerika), merupakan bukti keberhasilan Indonesia dalam menjaga dan menarik investasi perusahaan global ke industri pertambangan nasional,” ujar Group CEO MIND ID Budi G. Sadikin, dalam siaran pers hari ini.

Page 13

Sebagai realisasi, Mining Industry Indonesia (MIND ID) dan PT Vale Indonesia Tbk (PTVI) bersama dengan para pemegang sahamnya, Vale Canada Limited (VCL) dan Sumitomo Metal Mining Co., Ltd. (SMM), pada tanggal 11 Oktober 2019 telah menandatangani Perjanjian Pendahuluan untuk mengambil alih 20% saham divestasi PTVI kepada

Penandatanganan perjanjian ini adalah langkah awal dimulainya kerja sama strategis jangka panjang antara MIND ID dan PTVI. Perjanjian Pendahuluan ini selanjutnya akan diikuti beberapa perjanjian definitif

Divestasi 20% saham PTVI merupakan kewajiban dari amandemen Kontrak Karya (KK) di tahun 2014 antara PTVI dan tah yang harus dilaksanakan lima tahun setelah amandemen tersebut.

KK PTVI akan berakhir di akhir 2025 dan dapat diubah atau diperpanjang menjadi Izin Usaha Pertambangan Khusus (IUPK) sesuai undangan., Pemegang saham PTVI saat ini antara lain VCL sebesar 58,73%, SMM sebesar 20,09% dan publik

Pemerintah telah menunjuk PT Indonesia Asahan Aluminium (Persero), sebagai Holding Industri Pertambangan yang saat ini telah memiliki identitas baru sebagai MIND saham divestasi PTVI. Langkah ini sesuai dengan mandat MIND ID untuk mengelola cadangan mineral strategis Indonesia dan mendorong hilirisasi industri pertambangan nasional.

“Partisipasi MIND ID di perusahaan tambang kelas dunia, seperti Vale Indonesia (Brazil) dan Freeport Indonesia (Amerika), merupakan bukti keberhasilan Indonesia dalam menjaga dan menarik investasi perusahaan global ke industri pertambangan nasional,” ujar Group CEO MIND ID Budi G. Sadikin, dalam siaran pers hari ini.