TABLE OF CONTENTS. No. Title Media Source Page

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Daily News Update Page 1

PTBA Corporate Secretary Apollonius Andwie C said the global coal business projection this year is still quite bright. Considering that coal prices are still at their highest level for the past decade. In the first quarter of 2021, PTBA's coal production reached 4.5 million tons, with a sales volume of 5.9 million tons.

Harga melonjak, begini

realisasi produksi batubara dari

sejumlan emiten di awal tahun

Reporter: Arfyana Citra Rahayu | Editor:

Anna Suci Perwitasari

S

EJUMLAH produsen batubara makin mantap memacu produksi batubara di tahun ini. Hal ini terjadi karena harga batubara global yang terus menguat sejak awal tahun membuat perusahaan batubara tak mau ketinggalan momentum.

Dengan kenaikan harga batubara global, harga batubara acuan (HBA) Indonesia pun ikut terkerek. Buktinya, selama empat bulan berturut-turut, HBA terus naik. Dimulai dari HBA bulan Maret 2021 yang berada di posisi US$ 84,47 per ton, yang kemudian naik menjadi US$ 86,68 per ton pada HBA bulan April. Kemudian pada Mei 2021, HBA makin tinggi dan berada di posisi US$ 89,74 per ton. Bahkan, pada bulan Juni, HBA bertengger di US$ 100,33 per ton.

Momentum ini akhirnya ikut dimanfaatkan PT Bukit Asam Tbk (PTBA). Perusahaan pelat merah tersebut melihat harga batubara saat ini berada di level tertinggi selama 1 dekade terakhir.

Sekretaris Perusahaan PTBA Apollonius Andwie C mengatakan, proyeksi bisnis batubara di tahun ini secara global masih cukup cerah. Mengingat harga batubara masih berada di level tertinggi selama 1 dekade terakhir.

Pada kuartal I 2021, produksi batubara PTBA pun mencapai 4,5 juta ton, dengan volume penjualan sebanyak 5,9 juta ton.

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"In terms of business prospects, PTBA sees that domestic demand will certainly increase with the construction of a smelter," he told Kontan.co.id, Monday (21/6).

Pollo, Apollonium's nickname, added that the portion of PTBA's export sales will also be increased, in line with the target of increasing production to 30 million tons in 2021.

Meanwhile, the Corporate Secretary of PT Golden Energy Mines Tbk (GEMS) Sudin Sudirman also realizes that the prospect of the coal business this year is still bright. "We see that the prospects are still good and positive in 2021," he said.

In the first quarter, GEMS coal production reached 8.9 million tons. This realization increased compared to the first quarter of 2020 which was 8.4 million tons.

Despite seeing a bright coal prospect, GEMS did not elaborate on the increase in demand that the company has received. What is clear, the company has revised the 2021 Work Plan and Budget (RKAB), with coal production increasing by 18.56% compared to the previous target of 39.6 million tons.

Prior to the revised RKAB, GEMS' total coal production target this year was only 33.4 million tons. "The majority of coal sales remain for exports, more or less the composition this year is 65 percent for exports and 35 percent for domestic ones," said the Sub-Department.

In the face of rising coal prices, PT Adaro Energy Tbk (ADRO) does not want to be in a hurry to raise its production target. The company chose to stay focused on operational excellence from its core business.

"Secara prospek bisnis, PTBA melihat permintaan domestik dipastikan ber-tambah dengan adanya pembangunan smelter," kata dia kepada Kontan.co.id, Senin (21/6).

Pollo, panggilan Apollonium, menambah-kan, penjualan ekspor PTBA pun akan dinaikkan porsinya, seiring dengan target peningkatan produksi menjadi 30 juta ton di tahun 2021.

Sementara itu. Sekretaris Perusahaan PT Golden Energy Mines Tbk (GEMS) Sudin Sudirman pun menyadari prospek bisnis batubara di tahun ini masih cerah. "kami melihat masih bagus dan positif prospek-nya di tahun 2021," kata dia.

Pada kuartal pertama, produksi batubara GEMS mencapai 8,9 juta ton. Realisasi ini naik dibandingkan kuartal I-2020 yang sebesar 8,4 juta ton.

Walau melihat prospek batubara cerah, GEMS tidak memerinci kenaikan permin-taan yang telah didapatkan perusahaan. Yang jelas, perusahaan sudah melakukan revisi Rencana Kerja dan Anggaran Biaya (RKAB) 2021, dengan produksi batubara yang naik 18,56% dibandingkan target sebelumnya menjadi 39,6 juta ton.

Sebelum revisi RKAB, total target produksi batubara GEMS di tahun ini hanya 33,4 juta ton. "Adapun mayoritas penjualan batu-bara tetap ke ekspor, kurang lebih komposisinya di tahun ini 65% ekspor dan 35% ke dalam negeri," ujar Sudin.

Menghadapi kenaikan harga batubara, PT Adaro Energy Tbk (ADRO) tak mau ter-gesa-gesa untuk mengerek target produksi. Perusahaan memilih untuk tetap fokus pada keunggulan operasional dari bisnis inti perusahaan.

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Head of Corporate Communication of Adaro Energy, Febriati Nadira, explained that the company will continue to focus on operational excellence in its core business, increasing operational efficiency and productivity this year.

In addition, ADRO maintains cash and maintains a solid financial position amidst the difficult situation that affected most of the business world.

"Adaro will continue to follow market developments by continuing to carry out operations as planned at the company's mines while continuing to focus on maintaining healthy margins and continuity of supply to customers," he said. In the January-March 2021 period, ADRO's actual coal production fell 11% yoy to 12.87 million tons. The decline also occurred in ADRO's coal sales volume which was only 12.59 million tons.

ADRO management explained that the decline in production and sales occurred due to the weather due to La Nina which caused heavy rains and high waves at the beginning of the year. This problem affected the logistics activities at the beginning of the year.

ADRO explained that the average selling price (ASP) in the first three months of this year rose 9% yoy, reflecting an increase in coal prices in the winter from late 2020 to early 2021.

ADRO targets coal production in 2021 in the range of 52 million tons-54 million tons. This target is slightly lower than last year's coal production realization which reached 54.53 million tons.

For information, nationally the Ministry of Energy and Mineral Resources (ESDM) recorded coal production until May 2021 to reach 237 million tons.

Head of Corporate Communication Adaro

Energy Febriati Nadira menjelaskan, perusahaan akan terus fokus terhadap keunggulan operasional bisnis inti, mening-katkan efisiensi dan produktivitas operasi-onal di tahun ini.

Selain itu, ADRO tetap menjaga kas dan mempertahankan posisi keuangan yang solid di tengah situasi sulit yang berdampak terhadap sebagian besar dunia usaha. "Adaro akan terus mengikuti perkembangan pasar dengan tetap menjalankan kegiatan operasi sesuai rencana di tambang-tambang milik perusahaan dengan terus berfokus untuk mempertahankan marjin yang sehat dan kontinuitas pasokan ke pelanggan," kata dia.

Pada periode Januari-Maret 2021, realisasi produksi batubara ADRO sebenarnya turun 11% yoy menjadi 12,87 juta ton. Penurunan juga terjadi pada volume penjualan batubara ADRO yang hanya 12,59 juta ton.

Manajemen ADRO menjelaskan, penurunan produksi dan penjualan terjadi karena cuaca akibat La Nina yang menyebabkan hujan lebat dan gelombang tinggi di awal tahun. Masalah ini mempengaruhi kegiatan logistik di awal tahun.

Adapun ADRO memaparkan, harga jual rata-rata (ASP) pada tiga bulan pertama tahun ini naik 9% yoy yang mencerminkan pening-katan harga batubara di musim dingin dari akhir 2020 sampai awal 2021.

ADRO menargetkan produksi batubara tahun 2021 di rentang 52 juta ton-54 juta ton. Target ini turun tipis dari realisasi produksi batubara tahun lalu yang mencapai 54,53 juta ton.

Sebagai informasi, secara nasional Kemen-terian Energi dan Sumber Daya Mineral (ESDM) mencatatkan produksi batubara hingga Mei 2021 mencapai 237 juta ton.

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The realization reached around 38 percent of the production target for this year which was set at 625 million tons.

Meanwhile, the realization of Domestic Market Obligations (DMO) until the end of May 2021 reached 51.8 million tons or 37.7% of the set target.

Realisasi tersebut mencapai sekitar 38% dari target produksi sepanjang tahun ini yang ditetapkan sebesar 625 juta ton. Adapun realisasi Domestic Market Obligation (DMO) hingga akhir Mei 2021 mencapai 51,8 juta ton atau 37,7% dari target yang ditetapkan.

Coal Prices Skyrocketed Over

50%, Countries Get Cuans!

Anisatul Umah, CNBC Indonesia

C

OAL prices continued to rise, even reaching above US$ 120 per ton. ICE Newcastle's thermal coal contract price closed at US$ 123.5/ton at the end of last week.

Before the correction, on Thursday (17/6/2021), coal was at US$ 124.25/ton, which is the highest level since mid-2011. Coal prices have shot up significantly throughout 2021, and have even appreciated 51% since the beginning of the year.

The increase in coal prices has a positive impact on Indonesia as a coal exporting country. In fact, the government, in this case the Ministry of Energy and Mineral Resources (ESDM), said that the increase in coal prices had an impact on the surge in Non-Tax State Revenue (PNBP) from the mining sector.

Director of Program Development at the Directorate General of Mineral and Coal (Ditjen Minerba) of the Ministry of ESDM Muhammad Wafid said the increase in PNBP from the mineral and coal mining sector was also said to have reached 50 percent compared to last year.

Harga Batu Bara Meroket 50%

Lebih, Negara Ikutan Cuan!

Anisatul Umah, CNBC Indonesia

H

ARGA batu bara terus mengalami kenaikan, bahkan sampai menyentuh di atas US$ 120 per ton. Harga kontrak batu bara termal ICE Newcastle ditutup di US$ 123,5/ton pada akhir pekan lalu.

Sebelum terkoreksi, di hari Kamis (17/6/2021), batu bara berada di US$ 124,25/ton, yang merupakan level tertinggi sejak pertengahan 2011. Harga batu bara sudah melesat signifikan sepanjang tahun 2021, bahkan sudah terapresiasi 51% sejak awal tahun.

Naiknya harga batu bara berdampak positif bagi Indonesia sebagai negara pengekspor batu bara. Bahkan, pemerintah dalam hal ini Kementerian Energi dan Sumber Daya Mineral (ESDM) menyebut kenaikan harga batu bara berdampak pada lonjakan Penerimaan Negara Bukan Pajak (PNBP) dari sektor pertambangan.

Direktur Bina Program Direktorat Jenderal Mineral dan Batu Bara (Ditjen Minerba) Kementerian ESDM Muhammad Wafid mengatakan, lonjakan PNBP sektor pertambangan mineral dan batu bara ini juga disebut mencapai 50% dibandingkan dengan tahun lalu.

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Wafid said that as of June 18, 2021, PNBP reached Rp. 24.78 trillion or 63.38% of the yearly target of Rp. 39.1 trillion. When compared to the same period last year, the PNBP of the mining sector increased by 51.46% to be exact. The reason is, in the same period last year, as of June 19, 2020, PNBP from the mining sector only reached Rp. 16.36 trillion. The realization of PNBP until June 2020 was only 52.09% of the revenue target in 2020 of Rp 31.4 trillion. "So, compared to the same period as last year, there was an increase in PNBP of approximately Rp 8 trillion or an increase of 50%," he explained to CNBC Indonesia, Monday (21/06/2021).

According to him, PNBP is in the form of royalties, land rent (deadrent), sales of mining products, and others. The amount is a combination of revenues from the mineral and coal mining sectors. According to him, the contribution of coal revenue is around 75-80% of the total PNBP. If the increase in coal prices continues, he added, it is not impossible that this year's state revenue will exceed the target.

"The increase in coal prices will automatically increase the government's rights in the form of PNBP. God willing, it can be > 100% (exceeding the target at the end of the year). Coal is approximately 75-80% of the total PNBP," he explained. This year, the Indonesian government targets coal production to reach 625 million tons, an increase of 75 million tons from the initial target of 550 million tons. The price increase is one of the considerations for the government to increase the coal target this year.

Based on data from Minerba One Data Indonesia (MODI) as of June 21, 2021, national coal production reached 267.01 million tons or around 43% of the yearly production target.

Wafid menyampaikan, PNBP per tanggal 18 Juni 2021 mencapai sebesar Rp 24,78 triliun atau 63,38% dari target setahun Rp 39,1

triliun. Bila dibandingkan dengan periode yang sama pada tahun lalu, PNBP sektor pertam-bangan ini mengalami kenaikan tepatnya sebesar 51,46%. Pasalnya, pada periode yang sama tahun lalu, tepatnya per 19 Juni 2020 PNBP dari sektor tambang hanya mencapai sebesar Rp 16,36 triliun. Realisasi PNBP hingga Juni 2020 tersebut hanya sebesar 52,09% dari target penerimaan pada 2020 Rp 31,4 triliun.

"Jadi, dibandingkan dengan periode yang sama dengan tahun lalu, terdapat kenaikan PNBP sebesar kurang lebih Rp 8 triliun atau naik 50%," jelasnya kepada CNBC Indonesia, Senin (21/06/2021).

Menurutnya, PNBP tersebut berupa royalti, sewa tanah (deadrent), penjualan hasil tambang, dan lainnya. Adapun jumlah tersebut gabungan antara penerimaan dari sektor pertambangan mineral dan batu bara. Untuk kontribusi penerimaan batu bara, menurutnya mencapai sekitar 75%-80% dari total PNBP tersebut. Bila kenaikan harga batu bara ini terus berlangsung, imbuhnya, maka bukan tidak mungkin penerimaan negara pada tahun ini akan melampaui target.

"Kenaikan harga batu bara secara otomatis akan menaikkan hak pemerintah berupa PNBP. Insyaallah bisa > 100% (melebihi target di akhir tahun). Batu baranya kira-kira 75%-80% dari total PNBP," jelasnya.

Tahun ini pemerintah Indonesia menargetkan produksi batu bara mencapai 625 juta ton, naik 75 juta ton dari target awal 550 juta ton. Kenaikan harga menjadi salah satu pertim-bangan pemerintah menaikkan target batu bara tahun ini.

Berdasarkan data Minerba One Data Indonesia (MODI) per 21 Juni 2021, produksi batu bara nasional mencapai 267,01 juta ton atau sekitar 43% dari target produksi setahun.

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Despite the onslaught of negative sentiment here and there, coal prices are still strong. Although last week it experienced a 0.4% correction, coal prices are still at their highest level in the last decade.

At a time when various n egative sentiments strike, such as energy policy reforms in various developed countries that plan to abandon fossil fuels.

Coupled with the trend of monetary tightening by the US central bank in the coming years which means putting a brake on the pace of economic growth so that it has an impact on demand for commodities, coal prices remain solid.

This is inseparable from the dynamics in the global market. The strengthening of coal prices is supported by the prospect of improving demand in the midst of tight supply and changing market landscape due to geopolitical tensions.

One thing that is still a hot topic is the relationship between China and Australia which is not getting better.

China imports a lot of coking coal, which is used to make steel. However, its hot relationship with the Kangaroo Country made the Panda Country prefer to boycott metallurgical coal imports from India. China is also turning to other suppliers such as the United States (US) and Canada. Although it tends to be thwarted here and there, coal is still a cheap and affordable energy source. On the other hand, the coal market in the Asia Pacific region remains strong, supported by rising demand from consumer countries such as China, Japan and South Korea.

Meski mendapat gempuran sentimen negatif di sana-sini harga batu bara masih tetap kuat. Kendati minggu lalu mengalami koreksi 0,4%, tetapi harga batu bara masih berada di rentang level tertinggi di satu dekade terakhir.

Di saat berbagai sentimen negatif meng-gempur seperti reformasi kebijakan energi di berbagai negara maju yang berencana untuk meninggalkan bahan bakar fosil. Ditambah dengan adanya kecenderungan pengetatan moneter oleh bank sentral AS di tahun-tahun mendatang yang berarti mengerem laju pertumbuhan ekonomi sehingga berdampak pada permintaan terhadap komoditas, harga batu bara tetap solid.

Hal ini tak terlepas dari dinamika di pasar global. Penguatan harga batu bara di-dukung dengan prospek permintaannya yang membaik di tengah ketatnya pasokan dan perubahan lanskap pasar akibat tensi geopolitik.

Salah satu yang masih menjadi per-bincangan hangat adalah hubungan antara China dan Australia yang tak kunjung membaik.

China banyak mengimpor batu bara kokas yang digunakan untuk pembuatan baja. Namun hubungannya dengan Negeri Kangguru yang panas membuat Negeri Panda lebih memilih memboikot impor batu bara metalurgi dari India. China juga beralih ke pemasok lain seperti Amerika Serikat (AS) dan Kanada.

Meskipun cenderung dijegal di sana sini, batu bara masih menjadi energi yang termasuk murah dan terjangkau. Di sisi lain pasar batu bara di kawasan Asia Pasifik tetap kuat didukung dengan kenaikan permintaan negara-negara konsumen seperti China, Jepang dan Korea Selatan.

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PLN Secures Supply

In the midst of this price increase, PT PLN (Persero) entered into an agreement with 48 coal suppliers. Is PLN worried that entrepreneurs prefer to export rather than supply to domestic power plants?

Answering this question, PLN Primary Energy Director Rudy Hendra Prastowo said the agreement made with 48 coal suppliers was to ensure smooth coal supply.

"This agreement is to ensure smooth and maintained supply. With the support of the Minerba (Directorate General) of course," he

told CNBC Indonesia, Monday (21/06/2021).

He emphasized that until now the supply of coal to PLN is still maintained. According to him, the partners continue to deliver coal to PLN, although the price of coal for power plants is limited to a maximum of US$ 70 per tonne, compared to the current market price which has already penetrated US$ 120 per ton.

As is known, the government makes regulation on domestic coal prices or domestic market bonds (DMO) with a maximum price of US$ 70 per ton in order to maintain domestic prices.

"Minerba support is still keeping this price well," he continued.

Meanwhile, PLN Executive Vice President Corporate Communication and CSR Agung Murdifi said that the coal consumption of PLN and its subsidiaries until May 2021 reached 27.07 million metric tons (MT). "Coal consumption at PLN (Holding and Subsidiaries) until May 2021 is 27.07 million MT," he said.

This absorption in percentage reached 42% of the coal plan for the company's 2021 power plant of 63.78 million MT.

"Or about 42 percent of the 2021 plan of 63.78 million MT," he said. (wia)

PLN Amankan Pasokan

Di tengah kenaikan harga ini, PT PLN (Persero) melakukan kesepakatan dengan 48 pemasok batu bara. Apakah PLN khawatir pengusaha lebih memilih untuk ekspor daripada memasok ke pembangkit listrik dalam negeri?

Menjawab pertanyaan ini, Direktur Energi Primer PLN Rudy Hendra Prastowo mengata-kan, kesepakatan yang dibuat dengan 48 pemasok batu bara adalah untuk memastikan pasokan batu bara lancar.

"Kesepakatan ini untuk meyakinkan pasokan

lancar dan terjaga. Dengan dukungan (Direk-torat Jenderal) Minerba tentunya," ungkapnya kepada CNBC Indonesia, Senin (21/06/2021).

Dia menegaskan jika sampai saat ini pasokan batu bara ke PLN masih terjaga. Menurutnya, para mitra terus melakukan pengiriman batu bara untuk PLN, meski harga batu bara untuk pembangkit listrik dibatasi maksimal sebesar

US$ 70 per ton, dibandingkan harga pasar saat ini yang sudah menembus US$ 120 per ton.

Seperti diketahui, pemerintah membuat regulasi harga domestik batu bara atau

domestic market obligasi (DMO) dengan harga

maksimal US$ 70 per ton demi menjaga harga di dalam negeri.

"Dukungan Minerba masih menjaga harga ini dengan baik," lanjutnya.

Sementara itu, Executive Vice President Corporate Communication and CSR PLN Agung Murdifi mengatakan, konsumsi batu bara PLN beserta anak usahanya sampai Mei 2021 mencapai 27,07 juta metrik ton (MT). "Konsumsi batu bara di PLN (Holding dan Anak Perusahaan) sampai dengan Mei 2021 sebanyak 27,07 juta MT," ungkapnya.

Serapan ini secara persentase mencapai 42% dari rencana batu bara untuk pembangkit listrik perseroan tahun 2021 sebesar 63,78 juta MT.

"Atau sekitar 42% dari rencana 2021 sebanyak 63,78 juta MT," tuturnya. (wia)

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Marwan Batubara: It is

impossible for Antam to do

business outside of government

regulations

T

HE EXECUTIVE Director of Indonesia Resources Studies (IRES), Marwan Batubara assessed that the issues being faced by PT Aneka Tambang Persero Tbk (Antam) were nothing to worry about. He recommended that everything be carried out according to existing procedures. Marwan hopes that there are no parties who want to take advantage of SOEs. He also believes that it is impossible for Antam to have bad intentions regarding this gold import. Moreover, it is not taxable.

"I really believe in any BUMN in Indonesia, Antam, PLN, Pertamina. I actually often defend them on the front lines, why? Because this BUMN is a State-Owned Enterprise, if we are lucky, all the people enjoy," said the former General Manager of PT. This Indosat.

Therefore, Marwan doubts that a state-owned company like Antam is involved in tax evasion. "They (SOEs) can make a report like the private sector, it can be 3-4 kinds. One is dealing with creditors for good ones, dealing with bad taxes, making losses so that taxes can be reduced or transfer pricing can be done by private companies but SOEs can't, I'm not sure of that, they will follow the right rules of the game," he said.

Marwan emphasized that so far the import of gold has been common with a scale that has been determined by the government itself. There is nothing wrong in a process like this, especially since customs itself has given a definite answer.

Marwan Batubara: Antam Tidak

Mungkin Melakukan Bisnis Di

Luar Aturan Pemerintah

D

IREKTUR Eksekutif Indonesia Resources Studies (IRES), Marwan Batubara menilai isu yang tengah dihadapi PT Aneka Tambang Persero Tbk (Antam) tak perlu dikhawatirkan. Dia menganjurkan agar semua dijalani sesuai prosedur yang ada. Marwan berharap jangan sampai ada pihak-pihak yang ingin memanfaatkan BUMN. Ia juga menyakini tidak mungkin Antam memiliki niat tidak baik soal impor emas ini. Apalagi sampai tidak kena pajak.

"Saya sangat percaya terhadap BUMN manapun di Indonesia, Antam , PLN, Pertamina. Saya justru sering membela mereka di garis depan, kenapa? karena BUMN ini Badan Usaha Milik Negara, kalau untung kita semua rakyat yang menikmati," ucap mantan General Manager PT. Indosat ini.

Karenanya, Marwan ragu perusahaan pelat merah seperti Antam terlibat praktik penggelapan pajak. "Mereka (BUMN) kalau buat laporan tidak mungkin seperti swasta bisa 3-4 macam. Satu berhadapan dengan kreditur buat yang bagus-bagus, ber-hadapan dengan pajak dibuat yang jelek-jelek, rugi supaya dapat pajaknya berkurang atau transfer pricing itu bisa dilakukan perusahaan swasta tapi BUMN tidak bisa, saya tidak yakin itu, mereka akan mengikuti aturan main yang benar," tuturnya.

Marwan menegaskan, bahwa selama ini impor emas sudah lazim terjadi dengan skala yang sudah ditentukan oleh pihak pemerintah sendiri. Tak ada yang salah dalam proses seperti ini, apalagi dari bea cukai sendiri sudah memberikan jawaban yang pasti.

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"Once again, there is no need to worry about the integrity and performance of SOEs like Antam, they certainly know what is right and wrong, this is just a matter of misunderstanding, just sit down and straighten it out," he asked.

For that, continued Marwan, an internal audit is definitely done, so don't spread rumors that are not true, everything has gone through the process and mechanism. "That's why I said to be audited, is it true that the imported chunks or half-finished ones are deliberately changed so they don't pay taxes, for example, it's softer than making noise," he concluded. Editor : Euis Rita Hartati

“Sekali lagi tak perlu dikhawatirkan soal integritas dan kinerja BUMN seperti Antam, mereka sudah pasti tahu soal benar dan salahnya, ini hanya soal kesalahpahaman semata, tinggal luruskan dengan duduk bersama,” pintanya.

Untuk itu, lanjut Marwan, audit diinternal sudah pasti dilakukan, jadi jangan lagi menyebarkan isu yang tidak benar, semua sudah melewati proses dan mekanismenya. “Makanya saya bilang supaya diaudit, itu benar enggak sih yang diimpor bongkahan atau setengah jadi, sengaja diubah supaya tidak bayar pajak, misalkan, kan lebih soft daripada dibuat gaduh,” pungkasnya. Editor : Euis Rita Hartati

Check out the stock

recommendations of gold mining

issuers from the following

analysts

Reporter: Akhmad Suryahadi | Editor: Herlina Kartika Dewi

A

LTHOUGH the movement of gold commodity prices is not projected to be as aggressive as last year's, a number of listed shares of gold miners are still considered to have attractive prospects.

Samuel Sekuritas Indonesia analyst Dessy Lapagu assessed that if you look at the issuer's side, the stock whose movements can still be watched is PT Merdeka Copper Gold Tbk (MDKA). The key point is the potential for production recovery this year, which is expected to be higher than in 2020, which had fallen quite deep.

Simak rekomendasi saham

emiten tambang emas dari

analis berikut

Reporter: Akhmad Suryahadi | Editor: Herlina Kartika Dewi

M

ESKI pergerakan harga komoditas emas diproyeksi tidak seagresif tahun lalu, sejumlah saham emiten penambang emas dinilai masih memiliki prospek yang menarik.

Analis Samuel Sekuritas Indonesia Dessy Lapagu menilai, jika melihat dari sisi emiten, saham yang pergerakannya masih dapat diperhatikan adalah PT Merdeka Copper Gold Tbk (MDKA). Poin kuncinya adalah potensi pemulihan produksi tahun ini yang diharapkan lebih tinggi dari 2020 lalu yang sempat turun cukup dalam.

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As an illustration, MDKA experienced a ground shift incident at the heap leach pad at the Tujuh Bukit gold mine in September 2020, which resulted in a lack of production and also a decline in sales in 2020.

"In addition, positive catalysts are also supported by expectations of copper (copper) commodities which can encourage higher MDKA performance in the long term," Dessy explained to Kontan.co.id, Monday (21/6).

Pilarmas Investindo Sekuritas analyst Okie Setya Ardiastama assessed that the current valuation of PT J Resources Asia Pacific Tbk (PSAB) is under MDKA and PT Aneka Tambang Tbk (ANTM).

Okie said the expectations of market participants had an effect on the valuations of ANTM and MDKA. Where high expectations for the performance of ANTM and MDKA brought the share price to be traded more expensively.

For ANTM, the current book value is Rp 823, while the book value for MDKA is Rp 435.

"It can be said that the valuations of the two issuers are currently at a premium price," Okie said to Kontan.co.id, Monday (21/6).

In addition, market capitalization is also considered to have an effect on the valuation.

This year, Okie sees that MDKA's performance can still strengthen again. World gold prices and increasing demand for copper along with the recovery of industrial productivity are considered to be a momentum for MDKA to return to record growth without repeating hedging as in the second and third quarters of 2020.

Sebagai gambaran, MDKA mengalami insiden pergeseran permukaan tanah di

heap leach pad di tambang emas Tujuh

Bukit pada September 2020, yang berdampak kepada minimnya produksi dan juga penurunan penjualan di 2020. “Selain itu, katalis positif juga didukung oleh ekspektasi komoditas tembaga (copper) yang dapat mendorong kinerja MDKA yang lebih tinggi secara jangka panjang,” terang Dessy kepada Kontan.co.id, Senin (21/6).

Analis Pilarmas Investindo Sekuritas Okie Setya Ardiastama menilai, saat ini valuasi PT J Resources Asia Pacsifik Tbk (PSAB) berada di bawah MDKA dan PT Aneka Tambang Tbk (ANTM).

Okie bilang, ekspektasi pelaku pasar berpengaruh terhadap valuasi ANTM dan MDKA. Dimana ekspektasi yang tinggi terhadap kinerja ANTM dan MDKA membawa harga saham tersebut diperdagangkan lebih mahal.

Untuk ANTM, nilai bukunya saat ini Rp 823 sedangkan nilai buku MDKA sebesar Rp 435.

“Dapat dikatakan valuasi kedua emiten tersebut saat ini berada pada harga yang premium,” tutur Okie kepada Kontan.co.id, Senin (21/6).

Selain itu, kapitalisasi pasar juga dinilai berpengaruh pada valuasi tersebut.

Tahun ini, Okie melihat kinerja MDKA masih dapat kembali menguat. Harga emas dunia dan meningkatnya permintaan tembaga seiring dengan pemulihan produktivitas industri dinilai dapat menjadi momentum bagi MDKA untuk kembali mencatatkan pertumbuhan tanpa mengulangi hedging seperti pada kuartal kedua dan ketiga 2020.

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The increase in copper prices since the beginning of the year is considered to be able to boost MDKA's performance this year.

Currently, Okie still maintains a buy recommendation on MDKA with a target price of Rp 2,920 and buys ANTM shares with a target price of Rp 2,650.

Meanwhile, Dessy recommends buying ANTM shares with a target price of Rp 3,230 and holding MDKA shares with a target price of Rp 3,000.

Archie's IPO is considered attractive The stock repertoire of listed gold miners will increase, in line with PT Archi Indonesia's plan to conduct an initial public offering (IPO) in the near future. This pure-play gold mining company will issue a maximum of 3.72 billion new shares or the equivalent of 15% of the issued and fully paid capital. The final offering price is set at Rp 750 per share. If it is calculated, the fresh funds obtained by Archi are at least Rp 2.79 trillion from this corporate action.

Citing the prospectus, around 95% of the fresh funds will be used by Archi Indonesia and/or its subsidiaries to pay the principal portion of the bank loan.

Then, the remaining funds will be used by the company, PT Meares Soputan Mining (MSM) and/or PT Tambang Tondano Nusajaya (TTN) to finance operational activities and working capital.

Dessy assessed that, looking at the historical performance of revenue and gold reserves, Archi Indonesia has the potential to improve its performance in the future.

Kenaikan dari harga tembaga sejak awal tahun dinilai dapat mendorong kinerja MDKA pada tahun ini.

Saat ini Okie masih mempertahankan rekomendasi buy pada MDKA dengan target harga Rp 2.920 dan beli saham ANTM dengan target harga Rp 2.650. Sementara Dessy merekomendasikan beli saham ANTM dengan target harga Rp 3.230 dan hold saham MDKA dengan target harga Rp 3.000.

IPO Archie dinilai atraktif

Khazanah saham emiten penambang emas bakal bertambah, seiring rencana PT Archi Indonesia yang akan melakukan initial

public offering (IPO) dalam waktu dekat.

Perusahaan tambang pure-play emas ini akan melepas sebanyak-banyaknya 3,72 miliar saham baru atau setara 15% dari modal ditempatkan dan disetor penuh. Adapun harga penawaran akhir ditetapkan sebesar Rp 750 per saham.

Jika dihitung, dana segar yang didapat Archi minimal sebesar Rp 2,79 triliun dari aksi korporasi ini.

Mengutip prospektus, sekitar 95% dari dana segar akan digunakan Archi Indonesia dan atau entitas anak untuk pembayaran sebagian pokok utang bank. Kemudian, sisa dana akan digunakan perusahaan, PT Meares Soputan Mining (MSM) dan/atau PT Tambang Tondano Nusajaya (TTN) untuk pembiayaan kegiatan operasional dan modal kerja. Dessy menilai, melihat historis kinerja pendapatan serta cadangan emas, Archi Indonesia berpotensi untuk meningkatkan kinerja ke depannya.

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Citing the prospectus, Archi's revenue has grown since at least 2018. In 2020, Archi pocketed revenues of US$ 393.30 million, up 2.5% from revenues in 2019 of US$ 383.69 million.

However, there is an anticipation of flat growth as the majority of IPO funds are allocated to repay debt and capital expenditures rather than expansion. "The positive catalyst comes from Archi's valuation, which is quite attractive compared to its listed peers," continued Dessy.

Mengutip prospektus, pendapatan Archi mengalami pertumbuhan setidaknya sejak 2018. Pada 2020, Archi mengantongi pendapatan senilai US$ 393.30 juta, naik 2,5% dari pendapatan pada 2019 sebesar US$ 383,69 juta.

Meski demikian, terdapat antisipasi flat growth seiring dana IPO yang mayoritas dialokasikan untuk membayar utang dan belanja modal dibandingkan ekspansi. “Katalis positif datang dari valuasi Archi yang cukup atraktif dibandingkan peers-nya yang sudah listing,” sambung Dessy.

Gold Prices Strengthen Again

After Selling Action Last Week

Tira Santia

G

OLD prices rose again at the close of trading Monday (Tuesday morning Jakarta time), after previously experiencing deep losses due to selling action from investors. Quoting CNBC, Tuesday (22/6/2021), the price of gold in the spot market rose 1.1 percent to a level of USD 1,782.83 per ounce at 1:48 pm EDT. Meanwhile, US gold futures closed up 0.8 percent to USD 1,782.90 per ounce.

"People are using the moment of correction to buy gold, at this price level, there's value to holding gold, especially long term," said Blue Line Futures Chicago chief analyst Phillip Streible.

Gold prices have fallen 6 percent or USD 113 per ounce in the last week as the US Federal Reserve (the Fed) signaled it will soon start reducing asset purchases and could start raising interest rates in 2023.

Harga Emas Kembali Menguat

Usai Aksi Jual pada Pekan Lalu

Tira Santia

H

ARGA emas kembali naik pada penutupan

perdagangan Senin (Selasa pagi waktu Jakarta),

setelah sebelumnya mengalami kerugian yang dalam karena aksi jual dari Investor.

Mengutip CNBC, Selasa (22/6/2021), harga emas di pasar spot naik 1,1 persen ke level USD 1.782,83 per ounce pada pukul 13:48 EDT. Sementara harga emas berjangka AS ditutup naik 0,8 persen ke level USD 1.782,90 per ounce.

"Orang-orang menggunakan momen koreksi untuk membeli emas, pada tingkat harga ini, ada nilai untuk menahan posisi emas, terutama untuk jangka panjang," kata kepala analis Blue Line Futures Chicago, Phillip Streible.

Harga emas telah turun 6 persen atau USD 113 per ounce pada minggu lalu karena Bank Sentral AS atau the Federal Reserve (the Fed) mengisyaratkan akan segera mulai mengu-rangi pembelian aset dan dapat mulai menaikkan suku bunga pada 2023.

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But as a result of the cue, the dollar index has dropped from its highest level in 2 1/2 months, prompting investors to turn to gold, which fell for six straight sessions before rising again in Monday's trading. Streible estimates that the price of gold will hover above USD 1,800 per ounce, because the US dollar is overbought.

Had Dropped, Gold Prices Have a Chance to Rise Again This Week?

Previously, the price of gold experienced a shift last week. The precious metal fell USD 100 per ounce because it was over-shadowed by the hawkish attitude of the Fed.

Investors are now busy trying to reassess the fair value of gold. Comes gold futures were last trading at USD 1,771.10, down more than 5 percent last week.

“It was a big drop, and it rocked a lot of people. Gold could rally back a bit next week finding its fair value. With everything I've seen, $1,950 - $2,000 isn't fair value, but I don't think $1,600 isn't fair either. Next week, gold will find its footing," said Phoenix Futures and Options LLC President, Kexin Grady, quoted from Kitco, Monday (21/6/2021).

According to Grady, gold prices had struggled even before the Fed announcement, and failed to make any significant gains above the $1,900 per ounce level. This is a bad sign.

"With the stimulus out there, gold can't hit $2,500. Gold should perform much better in this environment. Instead, gold is muted and having a hard time rallying. And with inflation coming in, the Fed will have to deal with it at some point by talking about raising interest rates," he said.

Namun dampak dari isyarat tersebut, indeks dolar telah turun dari level tertinggi dalam 2 1/2 bulan, mendorong investor untuk beralih ke emas, yang jatuh selama enam sesi berturut-turut sebelum kembali menguat pada perdagangan Senin.

Streible memperkirakan, harga emas akan melayang di atas USD 1.800 per ounce, karena dolar AS overbought.

Sempat Anjlok, Harga Emas Berpeluang Bangkit Kembali Pekan Ini?

Sebelumnya, harga emas mengalami pergeseran pada pekan lalu. Logam mulia tersebut turun USD 100 per ounce karena dibayangi sikap hawkish The Fed.

Investor kini tengah sibuk mencoba menilai kembali nilai wajar emas. Harga emas berjangka Comes diperdagangkan terakhir pada USD 1.771,10, turun lebih dari 5 persen pada pekan lalu.

"Itu adalah penurunan besar, dan itu mengguncang banyak orang. Emas bisa reli kembali sedikit pada pekan depan dengan menemukan nilai wajarnya. Dengan semua yang saya lihat, USD 1.950 - USD 2.000 bukanlah nilai wajar, tapi saya pikir USD 1.600 juga bukan nilai wajar. Pekan depan,

emas akan mencari pijakannya," kata Presiden

Phoenix Futures and Options LLC, Kexin

Grady, dikutip dari Kitco, Senin (21/6/2021).

Menurut Grady, harga emas telah berjuang bahkan sebelum pengumuman Fed, dan gagal membuat kenaikan signifikan di atas level USD 1.900 per ounce. Ini merupakan pertanda buruk.

"Dengan stimulus di luar sana, emas tidak bisa mencapai USD 2.500. Emas seharusnya berkinerja jauh lebih baik di lingkungan ini. Sebaliknya, emas diredam dan mengalami kesulitan reli. Dan dengan inflasi yang masuk, The Fed harus menghadapinya di beberapa titik dengan berbicara tentang menaikkan suku bunga," tuturnya.

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In the longer term, Grady noted that investors may have to brace themselves for a lower gold trading range. According to him in the range of USD 1,700 - USD 1,500. "As we approach the fourth quarter, that's when you can see gold at $1,500 an ounce," he said.

Walsh Trading Co-Director John Weyer said the decline in gold prices had been anticipated, but did not expect that it would be so volatile.

"Precious metals markets seem to be overreacting to these types of headlines, with investors really paying attention to what the Fed is saying. And people running to the door. I suspect we're going to see a lot of downside in the next week," he explained.

Dalam jangka panjang, Grady mencatat bahwa investor mungkin harus memper-siapan diri untuk kisaran perdagang-an emas yperdagang-ang lebih rendah. Menurutnya di kisaran USD 1.700 - USD 1.500.

"Saat kita mendekati kuartal empat, saat itulah Anda bisa melihat emas di USD 1.500 per ounce," katanya.

Co-Director Walsh Trading, John Weyer, mengatakan penurunan harga emas memang sudah diantisipasi, tapi tidak menyangka bahwa itu akan sangat fluktuatif.

"Pasar logam mulia tampaknya bereaksi berlebihan terhadap jenis berita utama ini, dengan investor benar-benar memper-hatikan perkataan Fed. Dan orang-orang berlarian ke pintu. Saya menduga kita akan melihat banyak penurunan pada pekan depan," jelasnya.

Ouch! Copper Supply Towards

Crisis, This Is The Cause

Ferry Sandria, CNBC Indonesia

T

HE GLOBAL commodity data provider institution based in Paris, France, Kpler, said that the lack of investment in copper in the last 10 years has the potential to cause a threat to the supply of this metal commodity.

In fact, the price of copper has increased significantly in the past year, one of which is caused by the rise of environmentally friendly investments that have created an increase in demand for metals, one of which is copper.

Waduh! Pasokan Tembaga

Menuju Krisis, Ternyata Gegara

Ini

Ferry Sandria, CNBC Indonesia

L

EMBAGA penyedia data komoditas global yang berbasis di Paris, Prancis, Kpler, mengungkapkan kurangnya investasi terhadap tembaga dalam 10 terakhir ini berpotensi menyebabkan ancaman ter-ganggunya pasokan komoditas logam ini. Padahal, harga tembaga telah melonjak signifikan dalam setahun terakhir, salah satunya diakibatkan oleh maraknya invest-tasi ramah lingkungan sehingga mencipta-kan peningkatan permintaan terhadap logam, salah satunya tembaga.

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"A number of producers in this [metals] market have experienced very conser-vative growth over the last decade. This has really resulted in a lack of investment flowing through the supply chain, and is clearly now creating a [supply crisis threat] problem," said commodities analyst Reid I' Anson from Kpler, quoted by CNBC International, Tuesday (22/6/2021). The demand for copper is indeed high and triggers the price to soar. From electronics to home construction, copper is used extensively in manufacturing and the recovery in demand for the metal is seen as one of the leading indicators in terms of economic development trends during this pandemic.

Earlier this year, copper prices had reached their highest level in the last decade. Since the beginning of the year, the price of copper has risen about 21%. "So now more and more of these [metal producers] companies are realizing the higher prices and they want to take profits, while the time to open a new mine and be operational will take a long time," he said. Looking ahead, demand for copper will continue to increase. One of the key factors is the push towards sustainable develop-ment along with more green initiatives being undertaken by the government. Copper, he said, is widely used in the development of electric vehicles and renewable energy power generation infra-structure.

"I think the metal is going to be doing pretty well, given the fact that more and more 'western economies' are willing to spend a lot of money to ensure that they 'green their economies' and that will require a lot of copper supply going forward," I'Anson said.

"Sejumlah produsen di pasar ini [logam] mengalami pertumbuhan sangat konservatif selama satu dekade terakhir. Hal ini benar-benar mengakibatkan kurangnya investasi yang mengalir melalui rantai pasokan, dan jelas sekarang menciptakan masalah [ancaman krisis pasokan]," kata analis komoditas Reid I'Anson dari Kpler, dikutip CNBC International, Selasa (22/6/2021). Permintaan tembaga memang lagi tinggi dan memicu harganya melonjak.

Dari bidang elektronika hingga konstruksi rumah, tembaga digunakan secara luas dalam manufaktur dan pemulihan permintaan akan logam ini dipandang sebagai salah satu indikator utama dalam hal tren perkem-bangan ekonomi saat pandemi ini.

Awal tahun ini, harga tembaga sempat mencapai level tertinggi dalam satu dekade terakhir. Sejak awal tahun, harga tembaga telah naik sekitar 21%.

"Jadi saat ini semakin banyak dari perusahaan [produsen logam] tersebut menyadari akan harga yang lebih tinggi dan mereka ingin mengambil keuntungan, sedangkan waktu untuk membuka tambang baru dan dapat beroperasi akan memakan waktu cukup lama," katanya.

Ke depan, permintaan tembaga akan terus meningkat. Salah satu faktor kuncinya adalah dorongan menuju pembangunan berkelan-jutan seiring dengan lebih banyak inisiatif hijau yang dilakukan oleh pemerintah.

Tembaga, katanya, banyak digunakan dalam pengembangan kendaraan listrik serta infrastruktur pembangkit listrik energi terbarukan.

"Saya pikir kinerja logam akan cukup baik, mengingat fakta akan semakin banyak 'ekonomi barat' bersedia menghabiskan banyak uang untuk memastikan bahwa mereka 'menghijaukan ekonomi mereka' dan itu akan membutuhkan banyak pasokan tembaga di masa depan," kata I'Anson.

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Copper Risk

I'Anson believes that political instability in Chile, where most of the world's copper is mined, will also contribute to the problem. Last month, the country's ruling coalition unexpectedly failed to muster the number of seats needed to formulate a new constitution.

Last year, Chileans voted to rewrite their constitution after mass protests in 2019 over Chile's disparity.

"You also have some other uncertainties related to Covid, which is making new investments, say, six to 12 months ago, slower than originally thought," I'Anson said.

"So Chilie, which is a major copper producer, is struggling to set a timeline for the major investments that need to be made to meet the supply shortfall that is currently visible in the market."

USGS data noted that Chile's copper production reached 5.7 million tons in 2020 or more than a quarter of world production, Chile's copper reserves reached 200 million tons.

Meanwhile, Indonesia is no longer one of the world's main copper producers. Last year, the USGS recorded Indonesia's copper production at 651,000 tons with reserves reaching 28 million tons.

Indonesia's main copper mines include PT Freeport Indonesia, PT Merdeka Copper Gold Tbk (MDKA) and PT Amman Mineral Nusa Tenggara (former Newmont).

Referring to data from the London Metal Exchange (LME), in early May, to be exact, May 6, 2021, the price of copper in the LME broke the level of US$ 10,000 per metric ton (MT), to be exact at US$ 10,025 per MT and continued to rise.

Risiko Tembaga

I'Anson menilai bahwa ketidakstabilan politik di Chili, di mana sebagian besar tembaga dunia ditambang, juga akan ber-kontribusi pada masalah ini.

Bulan lalu, koalisi yang berkuasa di negara itu secara tak terduga gagal mengumpulkan jumlah kursi yang dibutuhkan untuk merumuskan konstitusi baru.

Tahun lalu, warga Chile memilih untuk menulis ulang konstitusi mereka setelah protes massal terjadi pada 2019 akibat kesenjangan yang terjadi di Chile.

"Anda juga memiliki beberapa ketidak-pastian lain terkait Covid, yang membuat investasi baru, katakanlah, enam hingga 12 bulan lalu, lebih lambat dari yang diper-kirakan semula " kata I'Anson.

"Jadi Chilie yang merupakan produsen tembaga utama, sedang berjuang untuk menetapkan batas waktu untuk investasi besar yang perlu dilakukan untuk meme-nuhi kekurangan pasokan yang saat ini sudah terlihat di pasar."

Data USGS mencatat produksi tembaga Chile mencapai 5,7 juta ton pada 2020 atau lebih dari seperempat produksi dunia, cadangan tembaga Chile mencapai 200 juta ton.

Adapun Indonesia tidak lagi termasuk produsen tembaga utama dunia, terakhir tahun 2018 USGS mencatat produksi tembaga Indonesia berada di angka 651.000 ton dengan cadangan mencapai 28 juta ton. Tambang tembaga utama Indonesia ter-masuk PT Freeport Indonesia, PT Merdeka Copper Gold Tbk (MDKA) dan PT Amman Mineral Nusa Tenggara (eks Newmont). Mengacu data London Metal Exchange (LME), pada awal Mei, tepatnya 6 Mei 2021, harga tembaga di LME menembus level US$ 10.000 per metrik ton (MT), tepatnya US$ 10.025 per MT dan terus naik.

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Even on May 13, it touched US$ 10,253.5 per MT, although on May 14 it had to drop to the level of US$ 10,212 per MT. On Monday evening, Indonesian time (21/6), the price of copper for a 3-month contract was traded at the level of US$ 9,224/MT. Previously, copper prices were predicted to potentially touch US$ 20,000 per MT in 2025, based on an analysis by Bank of America (BofA), as reported by CNBC International. (tas/tas)

Bahkan pada 13 Mei, sempat menyentuh US$ 10.253,5 per MT, meski pada 14 Mei harus turun ke level US$ 10.212 per MT. Pada Senin malam waktu Indonesia (21/6), harga tembaga untuk kontrak 3 bulan diperdagangkan di level US$ 9.224/MT. Sebelumnya, harga tembaga digadang-gadang berpotensi bisa menyentuh US$ 20.000 per MT di 2025, berdasarkan analisis Bank of America (BofA), seperti dilansir dari CNBC International. (tas/tas)

Prices skyrocket, China even

temporarily closes coal mines.

What is it?

Author: Reni Lestari

C

HINESE regulators are closing more coal mines in the center after numerous accidents in mining areas. This policy was taken amid concerns that coal prices continued to rise.

In fact, China still uses coal to support half the energy needs in its region.

Hubei has suspended all coal mining operations from June 15 to July 5 after a gas pipeline explosion in the province killed 25 people on June 13, according to a statement from the local government. Previously Anyuan Coal Industry Group Co. on Friday last week stopped five mines in Jiangxi province from June 21 to July 4. The mine closures follow a spate of deadly accidents and coincide with national celebrations of the 100th anniversary of the founding of the Chinese Communist Party, which began July 1.

Harga Meroket, China Malah

Tutup Sementara Tambang Batu

Bara. Ada Apa Ya?

Author: Reni Lestari

R

EGULATOR China menutup lebih banyak tambang batu bara di tengah setelah berbagai

insiden kecelakaan di sejumlah area tambang.

Kebijakan ini diambil di tengah kekhawatiran harga batu bara yang terus naik.

Padahal, China masih mengunakan batu bara untuk menopang setengah kebutuhan energi di wilayahnya.

Hubei telah menghentikan semua operasi penambangan batu bara dari 15 Juni hingga 5 Juli setelah ledakan pipa gas di provinsi tersebut menewaskan 25 orang pada 13 Juni, menurut sebuah pernyataan dari pemerintah setempat.

Sebelumnya Anyuan Coal Industry Group Co. pada Jumat pekan lalu menghentikan lima tambang di provinsi Jiangxi dari 21 Juni hingga 4 Juli.

Penutupan tambang mengikuti serentetan kecelakaan mematikan dan bertepatan dengan perayaan nasional peringatan 100 tahun berdirinya Partai Komunis China, yang dimulai 1 Juli.

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The shutdowns hit domestic production even as strong industrial activity and high temperatures boost demand.

“This year's peak summer may be the hardest year in history to maintain supply. Coal prices will remain at high levels," Fengkuang Coal Logistics said in a note, reported by Bloomberg, Monday (21/6/ 2021).

Thermal coal futures on the Zhengzhou Commodity Exchange rose as much as 2.9 percent to 859.2 yuan a tonne, after hitting a record last month.

Rising prices have led to speculation of government intervention in the market. China's main economic planning agency specifically mentioned coal and repeated its pledge to stabilize the commodity, and the government is considering efforts to set price limits on the fuel.

The Yulin mining center of Shanxi province will set up a mechanism to regulate the sale price for all miners in the region. Prices will change weekly, based on Qinghuangdao benchmarks.

Yulin has been testing coal price caps as part of price caps being considered by the government. Editor : Hadijah Alaydrus

Penghentian tersebut menekan produksi

domestik bahkan ketika aktivitas industri yang kuat dan suhu tinggi meningkatkan permintaan. “Puncak musim panas tahun ini mungkin menjadi tahun tersulit dalam sejarah untuk menjaga pasokan. Harga batubara akan tetap pada level tinggi,” kata Fengkuang Coal Logistics dalam catatannya, dilansir Bloomberg, Senin (21/6/2021).

Batubara termal berjangka di Zhengzhou Commodity Exchange naik sebanyak 2,9 persen menjadi 859,2 yuan per ton, setelah mencapai rekor bulan lalu.

Kenaikan harga telah menyebabkan spekulasi intervensi pemerintah di pasar. Badan peren-canaan ekonomi utama China secara khusus menyebutkan batu bara dan mengulangi janji-nya untuk menstabilkan komoditas, dan peme-rintah sedang mempertimbangkan upaya untuk menetapkan batasan harga pada bahan bakar.

Pusat pertambangan Yulin provinsi Shanxi akan membentuk mekanisme untuk mengatur harga jual untuk semua penambang di wilayah tersebut. Harga akan berubah setiap minggu, berdasarkan tolok ukur Qinghuangdao.

Yulin telah menguji batas harga batu bara sebagai bagian dari pembatasan harga yang sedang dipertimbangkan oleh pemerintah. Editor : Hadijah Alaydrus

G7 Stops Support for Coal, How

Will It Affect Indonesia?

Shelma Rachmahyanti

T

HE GROUP of developed countries that are members of the G7 expressed their commitment to accelerate the transition to the use of clean energy. In line with that,…

G7 Hentikan Dukungan pada Batu

Bara, Apa Pengaruhnya ke

Indonesia?

Shelma Rachmahyanti

K

ELOMPOK negara-negara maju yang tergabung dalam G7 menyatakan komitmen-nya untuk mempercepat transisi menuju peng-gunaan energi bersih. Sejalan dengan itu,…

(21)

In line with that, the G7 countries consisting of the United States (US), Britain, Canada, France, Germany, Italy, and Japan agreed to stop supporting coal as an energy source.

Executive Director of the Indonesian Coal Mining Association (APBI) Hendra Sinadia, said the decision of the G7 countries to accelerate the energy transition to clean energy was not surprising.

"I don't think this is too surprising, because separately the governments of several G7 countries have issued their internal policies and also statements to accelerate the transition from energy to cleaner energy," he said at the IDX Channel Market Review event, Monday (21/6/2021). Hendra assessed that the agreement in the G7 countries is a formality that confirms that these countries support the acceleration of the energy transition. "This agreement is a formality that confirms that these countries support the acceleration of clean energy. In particular, what we saw yesterday was Japan, because Japan is still very dependent on fossil energy," he said.

Hendra acknowledged that the commit-ment from the countries that signed the Paris agreement would certainly accelerate the energy transition process. "We see that the world has indeed moved in that direction and the government of President Jokowi has also confirmed its commitment to go there," he said.

Despite stopping his support for coal, Hendra believes that in the short term the demand for coal is still quite promising. At least, he said, for the next one to two decades. "At least in one to two decades. After that, of course, the demand for coal will gradually decrease," he explained. (fai)

Sejalan dengan itu, negara-negara G7 yang terdiri dari, Amerika Serikat (AS), Inggris, Kanada, Prancis, Jerman, Italia, dan Jepang sepakat menghentikan dukungan kepada batu bara sebagai sumber energi.

Direktur Eksekutif Asosiasi Pertambangan Batu Bara Indonesia (APBI) Hendra Sinadia, mengatakan, keputusan negara G7 untuk mempercepat transisi energi ke energi bersih bukanlah hal yang mengejutkan.

"Saya kira ini bukan yang terlalu mengejutkan ya, karena secara terpisah pemerintah dari beberapa negara G7 itu telah mengeluarkan kebijakan internal mereka dan juga statement untuk mempercepat transisi dari energi ke energi yang lebih bersih," katanya dalam acara Market Review IDX Channel, Senin (21/6). Hendra menilai, kesepakatan dalam negara-negara G7 ini adalah suatu formalitas yang me-negaskan bahwa negara-negara ini mendukung percepatan transisi energi tersebut.

"Kesepakatan ini adalah suatu formalitas yang menegaskan bahwa negara-negara tersebut mendukung percepatan energi bersih. Khusus-nya, memang yang menjadi sasaran yang kami lihat kemarin adalah Jepang, karena Jepang selama ini masih sangat bergantung dengan energi fosil," tuturnya.

Hendra mengakui, adanya komitmen dari negara-negara yang menandatangani kese-pakatan Paris tentu akan lebih mempercepat proses transisi energi. "Kami melihatnya memang dunia sudah bergeraknya ke arah sana dan juga pemerintahan Presiden Jokowi juga telah menegaskan komitmen untuk menuju ke sana," tuturnya.

Kendati menyetop dukungannya pada batu bara, Hendra meyakini dalam jangka pendek permintaan terhadap batu bara masih cukup menjanjikan. Paling tidak, kata dia, untuk satu hingga dua dekade ke depan.

"Paling tidak dalam satu hingga dua dekade ini. Setelah itu, tentu secara gradual demand terhadap batu bara mulai berkurang," jelas dia.

(22)

Glencore to reopen one of world’s biggest cobalt mines

Bloomberg News

G

LENCORE Plc could reopen its Mutanda Mining copper and cobalt project in Democratic Republic of Congo by the end of 2021, about two years after idling the mine.

Congo’s new mines minister, Antoinette N’Samba Kalambayi met with representatives from the Swiss company Monday to discuss the restart of the mine, which closed in November 2019, the ministry said in a statement sent to reporters. Mutanda “will start the commissioning of operations towards the end of this year in order to allow the return to production in 2022,” Glencore said in a separate emailed statement.

A reopening of Mutanda, one of the world’s biggest cobalt mines, comes when there’s renewed demand for battery metals as automakers focus on metal-intensive electric vehicles and global economies shift away from fossil fuels in favor of cleaner technologies that use electricity for energy. Cobalt and copper are key metals in that transition.

Glencore said in August 2019 that it would close the mine for two years to carry out care and maintenance after prices of cobalt slumped. Mutanda was responsible for a fifth of global cobalt production in 2018, according to Darton Commodities Ltd., a U.K.-based firm that specializes in the metal. (By Michael J. Kavanagh)

Russian gold reserves will be sufficient for next 40 years

Published by Simon Matthis

R

USSIAN gold reserves will be sufficient to ensure stable production for the next 40 years, according to recent statements, made by head of the Russian Ministry of Natural Resources Alexander Kozlov.

According to him, since 2010 the increase in reserves has amounted to almost 6,000 tonnes, which became a good result for the Russian gold mining sector. In the last 10 years, three large gold fields have been launched: Natalkinskoye and Pavlik in the Magadan region, the Gross field in the Republic of Sakha (Yakutia), as well as Verninskoye field in the Irkutsk region. Moreover a number of fields with small and medium reserves were launched in the Khabarovsk Territory and the Magadan Region.

The unique Sukhoi Log field in the Irkutsk Region and a number of large fields in the Far East are being prepared for development. In general, gold production in Russia in 2020 amounted to 445 tons, which is by 1.7 times more than in 2010

As Kozlov has also added Russia currently ranks first in the world in terms of gold reserves (13%), being the world’s third largest producer after China and Australia. By: Eugen Gerden

(23)

Fortescue showcases Cat’s capabilities

Henry Ballard

F

ORTESCUE Metals Group (FMG) has used Perth’s Resources Technology Showcase to demonstrate its autonomous Caterpillar MineStar Command fleet at the Christmas Creek operation.

Despite Christmas Creek being 1500 kilometres away in the Pilbara region of Western Australia, FMG operated a Cat dozer from the safety of the Perth Convention Centre.

The Showcase welcomed hundreds of school children and adults alike, to marvel at the innovations of Western Australia’s resources sector.

FMG chief executive officer Elizabeth Gaines said the Showcase was at the cutting edge of mining innovation.

“Western Australia’s mining sector is the most innovative in the world, and Fortescue is pleased to be able to showcase some of the cutting-edge technology that is utilised in the sector to students and members of the public at the Resources Technology Showcase,” Gaines said.

Presenting partners at the showcase included Inpex, Rio Tinto, Roy Hill, BHP, Caterpillar and FMG.

Among these giants of the sector, Gaines highlighted how FMG was a leader in the field.

“We were the first in WA to control a railway from outside a region of operation and the first company in the world to deploy Caterpillar autonomous haulage on a commercial scale,” she said.

“This demonstration of remote dozing capability builds on our reputation as a leader in autonomous solutions, which not only improves productivity but importantly will continue to improve safety for our team members.”

Cat has seen unprecedented uptake in its global MineStar Command fleet, as the benefits of autonomous technology are realised.

In May, the manufacturer accomplished the major milestone of three billion tonnes hauled using the fleet.

It was estimated that across 17 mine sites and three continents the fleet had travelled 110 million kilometres – more than twice the distance from Earth to Mars.

At FMG’s display at the Showcase, Caterpillar product service engineer Steve Dougherty said there would be even more to celebrate between the two companies in the future.

“Cat is excited to witness our long-time customer putting our remotely operated dozing technology to work,” Dougherty said.

“We look forward to helping Fortescue expand their remote operations to achieve an improved work environment for operators, create a safer work area on site and enhance machine utilisation by leveraging the efficiencies made possible by Command for dozing.”

(24)

Mining giant Nornickel commences production of carbon-neutral

nickel

By Vladimir Basov

R

USSIAN mining company Norilsk Nickel (Nornickel), the world's largest producer of palladium and high-grade nickel and one of the largest producers of platinum and copper, announced Monday that it has started producing carbon-neutral nickel.

According to a press-release, carbon neutrality of nickel was made possible thanks to the company's steps to cut greenhouse gas (CO2) emissions at all stages of the production chain, from underground ore mining to processing and refining.

Low carbon footprint has been achieved mainly through the upgrade of the hydro power plant that feeds Nornickel's production facilities in the Norilsk Industrial District, the company said.

Nornickel invests in energy modernization facilities, including the replacement of hydroelectric units at the Ust-Khantaiskaya hydro power plant. The share of renewable sources has thus increased in the company's energy mix to 55% for the Norilsk Industrial District and 46% for the group.

Nornickel noted that other steps to mitigate carbon footprint include the upgrade and repair of power equipment, rollout of the automated control and metering system, reduction of heat losses in buildings and pipelines, and decommissioning of obsolete power units.

In the coming weeks, Nornickel said it expects to receive conclusions from international accredited auditors confirming the methodology used to calculate the carbon footprint of nickel produced at Kola MMC (also known as the Kola Division) in Russia's northwest and start shipping the new batch to consumers.

Evgeny Borzenko, Nornickel Head of Kola Division, commented, "We are pleased to announce the launch of the first batch of carbon-neutral nickel production. This metal was made possible not through the purchase of CO2 emission offsets, but through the company's efforts to reduce emissions. This once again proves that our company is committed to the global environmental agenda. It is important for us that the effect of measures to reduce CO2 emissions is not a one-time effect, but a cumulative reduction of the harmful load on the environment."

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