TABLE OF CONTENTS. No. Title Media Source Page

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Daily News Update Page 1

NTIL the end of March 2021, the prices of several mining product commodities showed a positive trend that continued amid the Covid-19 pandemic. This is indicated by the significant increase in prices for several mining product commodities, one of which is because the world market has begun to enter normal conditions. This condition affects the determination of the Export Standard Price (HPE) of mining products subject to Export Duty (BK) for the period April 2021. This provision is stipulated in the Regulation of the Minister of Trade Number 12 Year 2021, March 31, 2021.

"The commodities of copper concentrate, iron concentrate, laterite iron concentrate, iron sand concentrate, manganese concentrate, zinc concentrate, ilmenite concentrate, rutile concentrate, an d bauxite that have been washed, for example, have increased compared to the last month period. This is partly due to increasing world demand. Meanwhile, the lead concentrate commodity price has decreased, while iron sand concentrate pellets have not changed,” said the Director General of Foreign Trade of the Ministry of Trade, Didi Sumedi.

Compared to the previous period, mining products that experienced an average price increase in the April 2021 period were copper concentrate (Cu ≥ 15%) with an average price of USD 3,253.14/WE or an increase of 5.06%; iron concentrates...

HPE Produk Pertambangan Periode April

2021:

Sebagian Besar Alami Kenaikan

HINGGA periode akhir Maret 2021, harga

beberapa komoditas produk pertam-bangan menunjukkan tren positif yang terus berlanjut di tengah pandemi Covid-19. Hal ini ditunjukkan dengan kenaikan harga yang cukup signifikan dari beberapa komoditas produk pertambangan, yang salah satunya disebabkan pasar dunia sudah mulai memasuki kondisi normal. Kondisi ini mempengaruhi penetapan Harga Patokan Ekspor (HPE) produk pertambangan yang dikenakan Bea Keluar (BK) untuk periode April 2021. Ketentuan ini ditetapkan dalam Peraturan Menteri Perdagangan Nomor 12 Tahun 2021, tanggal 31 Maret 2021.

“Komoditas konsentrat tembaga, konsentrat besi, konsentrat besi laterit, konsentrat pasir besi, konsentrat mangan, konsentrat seng, konsentrat ilmenite, konsentrat rutil, dan bauksit yang telah dilakukan pencucian, misalnya, mengalami kenaikan dibanding-kan periode bulan lalu. Hal tersebut antara lain dikarenakan permintaan dunia yang meningkat. Sementara itu, komoditas konsetrat timbal mengalami penurunan harga, sedangkan untuk pellet konsentrat pasir besi tidak berubah,” kata Direktur Jenderal Perdagangan Luar Negeri Kemen-terian Perdagangan Didi Sumedi.

Dibandingkan periode sebelumnya, produk pertambangan yang mengalami kenaikan harga rata-rata pada periode April 2021 adalah konsentrat tembaga (Cu ≥ 15%) dengan harga rata-rata USD 3.253,14/WE atau naik 5,06%; konsentrat besi...

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iron concentrates (hematite, magnetite) (Fe ≥ 62% and ≤ 1% TiO2) with an average price of USD 152.12/WE or an increase of 5.48%; laterite iron concentrates (gutite, hematite, magnetite) with levels (Fe ≥ 50% and (Al2O3 + SiO2) ≥ 10%) with an average price of USD 77.73/WE or an increase of 5.48%; and manganese concentrate (Mn ≥ 49%) with an average price of USD 213.63/WE or an increase of 2.58%.

As for zinc concentrate (Zn ≥ 51%) with an average price of USD 760.96/WE or an increase of 4.42%; iron sand concentrate (lamella magnetite-ilmenite) (Fe ≥ 56%) with an average price of USD 90.83/WE or an increase of 5.48%; ilmenite concentrate (TiO2 ≥ 45%) with an average price of USD 405.63/WE or an increase of 10.57%; rutile concentrate (TiO2 ≥ 90%) with an average price of USD 1,088.40/WE or an increase of 3.75%; and washed bauxite (Al2O3 ≥ 42%) with an average price of USD 29.32/WE or an increase of 7.15%. Meanwhile, the products that experienced a price decline compared to the HPE in the previous period were lead concentrate (Pb ≥ 56%) with an average price of USD 827.49/WE or down 2.12%; Meanwhile, iron sand concentrate (lamella magnetite-ilmenite) pellets (Fe ≥ 54) did not change with an average price of USD 117.98/WE. HPE base price calculations for iron concentrate, laterite iron concentrate, iron sand concentrate, manganese concentrate, ilmenite concentrate and rutile concen-trate are sourced from Asian Metal and Iron Ore Fine Australian. The HPE base price calculations for copper concentrate, iron sand concentrate pellets, lead concentrate, zinc concentrate and bauxite are sourced from the London Metal Exchange (LME).

konsentrat besi (hematit, magnetit) (Fe ≥ 62% dan ≤ 1% TiO2) dengan harga rata-rata USD 152,12/WE atau naik 5,48%; konsentrat besi laterit (gutit, hematit, magnetit) dengan kadar (Fe ≥ 50% dan (Al2O3+ SiO2) ≥ 10%) dengan harga rata-rata USD 77,73/WE atau naik 5,48%; dan konsentrat mangan (Mn ≥ 49%) dengan harga rata-rata USD 213,63/WE atau naik 2,58%.

Adapun konsentrat seng (Zn ≥ 51%) dengan harga rata-rata USD 760,96/WE atau naik 4,42%; konsentrat pasir besi (lamela magnetit-ilmenit) (Fe ≥ 56%) dengan harga rata-rata USD 90,83/WE atau naik 5,48%; konsentrat ilmenit (TiO2 ≥ 45%) dengan harga rata-rata USD 405,63/WE atau naik sebesar 10,57%; konsentrat rutil (TiO2 ≥ 90%) dengan harga rata-rata USD 1.088,40/WE atau naik sebesar 3,75%; dan bauksit yang telah dilakukan pencucian (washed bauxite) (Al2O3≥ 42%) dengan harga rata-rata USD 29,32/WE atau naik 7,15%.

Sementara itu, produk yang mengalami penurunan harga dibandingkan HPE periode sebelumnya adalah konsentrat timbal (Pb ≥ 56%) dengan harga rata-rata USD 827,49/WE atau turun 2,12%; sedangkan pellet konsentrat pasir besi (lamela magnetit-ilmenit) (Fe ≥ 54) tidak mengalami perubahan dengan harga rata-rata USD 117,98/WE.

Perhitungan harga dasar HPE untuk komo-ditas konsentrat besi, konsentrat besi laterit, konsentrat pasir besi, konsentrat mangan, konsentrat ilmenit, dan konsentrat rutil bersumber dari Asian Metal dan Iron Ore Fine Australian. Adapun perhitungan harga dasar HPE untuk konsentrat tembaga, pellet konsentrat pasir besi, konsentrat timbal, konsentrat seng, dan bauksit bersumber dari London Metal Exchange (LME).

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A number of mining products subject to BK include copper concentrate, iron concen-trate, laterite iron concenconcen-trate, iron sand concentrate, iron sand concentrate pellet, manganese concentrate, lead concentrate, zinc concentrate, ilmenite concentrate, rutile concentrate, and washed bauxite. According to Didi, the HPE for the April 2021 period was determined after paying attention to written input and the results of coordination with various related agencies.

Regulation of the Minister of Trade Number 12 of 2021 concerning Stipulation of Standard Export Prices for Mining Products Subject to Export Duty for the April 2021 period can be downloaded via http://jdih.kemendag.go.id/peraturan/det ail/2094/2.

Sejumlah produk pertambangan yang dikenakan BK meliputi konsentrat tembaga, konsentrat besi, konsentrat besi laterit, konsentrat pasir besi, pellet konsentrat pasir besi, konsentrat mangan, konsentrat timbal, konsentrat seng, konsentrat ilmenit, konsentrat rutil, dan bauksit yang telah dilakukan pencucian. Menurut Didi, HPE periode April 2021 ditetapkan setelah memperhatikan masukan tertulis serta hasil koordinasi dengan berbagai instansi terkait.

Peraturan Menteri Perdagangan Nomor 12 Tahun 2021 tentang Penetapan Harga Patokan Ekspor Atas Produk Pertam-bangan Yang Dikenakan Bea Keluar periode April 2021 dapat diunduh melalui http://jdih.kemendag.go.id/peraturan/det ail/2094/2.

SOP for FABA Management to

be Completed Soon

Author: Denis Riantiza Meilanova

THE MINISTRY of Energy and Mineral

Resources will soon finalize standard operating procedures for fly ash and bottom ash management.

The Director General of Electricity, Rida Mulyana, said that the government and business actors are currently finalizing the SOP (standard operational procedure) for the management of FABA.

"SOP for FABA management can later be used as a reference for all PLTU activities in managing FABA. Thus, FABA will be better managed...

SOP Pengelolaan FABA Segera

Dirampungkan

KEMENTERIAN Energi dan Sumber Daya

Mineral segera merampungkan prosedur operasional standar pengelolaan fly ash dan bottom ash.

Direktur Jenderal Ketenagalistrikan Rida Mulyana menyampaikan bahwa peme-rintah dan pelaku usaha saat ini tengah bersama-sama melakukan finalisasi penyusunan SOP (standard operational procedure) pengelolaan FABA.

“SOP pengelolaan FABA ini nantinya dapat dijadikan acuan bagi seluruh kegiatan PLTU dalam mengelola FABA. Dengan demikian FABA akan dikelola...

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Thus, FABA will be better managed so that in addition to being safer for the environment, it can also provide benefits to the community and of course the country," said Rida in a webinar on the Utilization Potential of FABA from Steam Power Generation for Community Welfare, Thursday (1/4/2021).

He said that based on the draft Electricity Supply Business Plan (RUPTL) 2021-2030, the addition of power plants in the next 10 years will reach 41 gigawatts (GW). Of this amount, coal-fired PLTU will still dominate around 36 percent or around 14-15 GW. Until 2030, the demand for coal is estimated to reach 140-170 million tons, so that the FABA produced can reach 15-17 million tons per year.

Based on Government Regulation Number 22 of 2021, FABA from PLTU activities no longer enters into hazardous and toxic waste (B3). Rida said this was in accordance with the results of the toxic characteristic test results of the Toxicity Characteristic Leaching Procedure (TCLP) and the LD-50 lethal dose.

In addition, the results of the radionuclide content test at the FABA PLTU showed that the pollutant concentration value was lower than the required radioactive contamination level.

"With the release of FABA from B3 waste, the use of FABA will be more wide open," he said.

He said there needs to be an acceleration in the use of FABA which can be in the form of policy support that can encourage massive use of FABA so that it can provide benefits for the country and reduce environmental problems due to the number of FABA stockpiles.

Dengan demikian FABA akan dikelola dengan lebih baik sehingga selain lebih aman bagi lingkungan, juga dapat mem-berikan manfaat bagi masyarakat dan tentu saja negara,” ujar Rida dalam webinar Potensi Pemanfatan FABA Sumber Pembangkit Listrik Tenaga Uap untuk Kesejahteraan Masyarakat, Kamis (1/4/ 2021).

Dia mengatakan bahwa berdasarkan draf Rencana Usaha Penyediaan Tenaga Listrik (RUPTL) 2021-2030, penambahan pem-bangkit listrik dalam 10 tahun ke depan mencapai 41 gigawatt (GW). Dari jumlah tersebut, PLTU batu bara masih akan mendominasi sekitar 36 persen atau sekitar 14-15 GW.

Hingga 2030, kebutuhan batu bara pun diperkirakan bisa mencapai 140-170 juta ton sehingga FABA yang dihasilkan bisa mencapai 15-17 juta ton per tahun.

Berdasarkan Peraturan Pemerintah Nomor 22 Tahun 2021, FABA dari kegiatan PLTU tidak lagi masuk menjadi limbah bahan berbahaya dan beracun (B3). Rida menuturkan hal tersebut sesuai dengan hasil uji karakteristik beracun Toxicity Characteristic Leaching Procedure (TCLP) dan lethal dose LD-50.

Di samping itu, hasil uji kandungan radio-nuklida pada FABA PLTU menunjukkan nilai konsentrasi zat pencemar lebih rendah dari tingkat kontaminasi radioaktif yang dipersyaratkan.

“Dengan dikeluarkannya FABA dari limbah B3, maka akan semakin terbuka luas pemanfaatan FABA,” katanya.

Ia mengatakan perlu adanya akselerasi pemanfaatan FABA yang dapat berupa dukungan kebijakan yang dapat men-dorong pemanfaatan FABA secara masif sehingga dapat memberikan keuntungan bagi negara dan mengurangi permasalahan lingkungan akibat jumlah timbunan FABA.

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Rida then quoted data from the Indonesian Chamber of Commerce and Industry (Kadin) in 2020 which stated that the use of concrete with FABA mixture economically can reduce costs compared to the cost of making conventional concrete. This provides an efficient infrastructure development budget of Rp 4.3 trillion by 2028, and has the potential to absorb labor in small and micro enterprises.

Business actors, he said, must be responsible for managing FABA by prioritizing environmental principles. He said that business actors are also required to comply with the provisions required in Government Regulation Number 22 of 2021 and its derivative regulations being drafted by the Ministry of Environment and Forestry. Editor: Zufrizal

Rida lalu mengutip data Kamar Dagang dan Industri (Kadin) Indonesia tahun 2020 yang menyatakan bahwa penggunaan beton dengan campuran FABA secara ekonomi dapat menurunkan biaya dibandingkan dengan biaya untuk membuat beton konven-sional. Hal tersebut memberikan efisiensi anggaran pembangunan infrastruktur sebesar Rp4,3 triliun sampai dengan 2028, serta berpotensi menyerap tenaga kerja pada usaha kecil dan mikro.

Pelaku usaha, katanya, harus bertanggung jawab untuk melakukan pengelolaan FABA dengan mengedepankan prinsip berwawa-san lingkungan. Ia menyebut pelaku usaha juga wajib memenuhi ketentuan yang diper-syaratkan pada Peraturan Pemerintah No. 22 Tahun 2021 dan aturan turunannya yang tengah disusun oleh Kementerian Ling-kungan Hidup dan Kehutanan. Editor : Zufrizal

Ready to accommodate Freeport

smelter, IWIP is building a battery

raw material industry in Weda Bay

Reporter: Ridwan Nanda Mulyana | Editor: Khomarul Hidayat

PT INDONESIA Weda Bay Industrial Park

(IWIP) is preparing to develop the battery raw material industry. After becoming a nickel-based metal industrial area, IWIP, which was also built by the Tsingshan Group, is ready to accommodate the PT Freeport Indonesia (PTFI) copper smelter. Agnes Ide Megawati, Associate Director Media & Public Relations of the IWIP Department agrees that currently Tsingshan is in discussion with PTFI to discuss the possibility of building a copper smelter in the Weda Bay industrial area, Central Halmahera, North Maluku.

Siap tampung smelter Freeport,

IWIP bangun industri bahan

baku baterai di Weda Bay

Reporter: Ridwan Nanda Mulyana | Editor: Khomarul Hidayat

PT INDONESIA Weda Bay Industrial Park

(IWIP) bersiap mengembangkan industri bahan baku baterai. Setelah menjadi kawasan industri logam berbasis nikel, IWIP yang juga dibangun oleh Tsingshan Grup itu siap menampung smelter tembaga PT Freeport Indonesia (PTFI).

Associate Director Media & Public Relations Departement IWIP Agnes Ide Megawati mengamini, saat ini pihak Tsingshan sedang berdiskusi dengan PTFI untuk membahas kemungkinan membangun smelter tembaga di kawasan industri Weda Bay, Halmahera Tengah, Maluku Utara.

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Agnes claims that IWIP has a number of advantages, making it suitable for the construction of a PTFI copper smelter. In terms of location, PTFI's mine in Papua will be closer to supplying concentrate as raw material for smelters.

In addition, IWIP also already has ready facilities to support industrial activities, starting from a Steam Power Plant (PLTU), transportation infrastructure to ports. "The location from the Freeport mine to Weda Bay is closer. Then we also have supporting facilities, such as a PLTU, port, airport there. So it is more efficient, there is no need to (build) from 0," said Agnes, Saturday (3/4).

However, Agnes has not revealed the extent of the negotiation process between Tsingshan and PTFI. To be sure, the discussion is still ongoing. As a result, she has not been able to reveal the preparations currently being carried out by IWIP or the size of the area being prepared for the PTFI copper smelter. It's just that, if later PTFI partners with Tsingshan to build a copper smelter at IWIP, Agnes also ensures that the completion of the project can be completed on schedule, namely in December 2023. Agnes gave an example during the construction of the Weda Bay Nickel smelter which only took one year of preparation. factory in 2018, then it can operate in 2019.

"All the facilities are already there, just live there, the factory construction process is there. If yesterday we prepared the Weda Bay Nickel factory, PLTU and others, 2019 ore (nickel ore) has started to be processed in the area, quite quickly," said Agnes. Just so you know, IWIP is a metal-based industrial area which is a joint venture of Chinese investors. Namely Tsingshan, Huayou, and Zhenshi.

Agnes mengklaim, IWIP memiliki sejumlah keunggulan sehingga cocok untuk menjadi tempat pembangunan smelter tembaga PTFI. Dari sisi lokasi, tambang PTFI di Papua akan lebih dekat untuk memasok konsentrat sebagai bahan baku smelter.

Selain itu, IWIP juga sudah memiliki kesiapan fasilitas penunjang kegiatan industri, mulai dari Pembangkit Listrik Tenaga Uap (PLTU), infrastruktur transportasi hingga pelabuhan. "Lokasi dari tambang Freeport ke Weda Bay lebih dekat. Terus kita juga sudah punya fasilitas penunjang, seperti PLTU, pelabuhan, lapangan udara ada di situ. Jadi lebih efisien, nggak perlu (membangun) dari 0," kata Agnes, Sabtu (3/4).

Namun, Agnes belum membeberkan sudah sejauh mana proses negosiasi antara Tsingshan dan PTFI. Yang pasti, pembahasan masih terus berjalan. Alhasil, dia juga belum dapat mengungkapkan persiapan yang sedang dilakukan IWIP maupun berapa luas kawasan yang disiapkan untuk smelter tembaga PTFI.

Hanya saja, jika nanti PTFI jadi bermitra dengan Tsingshan untuk membangun smelter tembaga di IWIP, Agnes pun memastikan, penyelesaian proyek tersebut bisa selesai sesuai jadwal, yakni pada Desember 2023. Agnes mencontohkan saat pembangunan smelter Weda Bay Nickel yang hanya mem-butuhkan waktu satu tahun dari persiapan pabrik pada 2018, lalu sudah bisa beroperasi pada 2019.

"Semua fasilitas sudah ada, tinggal di situ proses konstruksi pabriknya saja. Kalau kemarin Weda Bay Nickel dari 2018 kami kan persiapan pabrik, PLTU dan lain lain, 2019 ore (bijih nikel) sudah mulai bisa diolah di kawasan, lumayan cepat," sebut Agnes. Asal tahu saja, IWIP merupakan kawasan industri berbasis logam yang merupakan patungan dari investor China. Yakni Tsingshan, Huayou, dan Zhenshi.

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According to Agnes, currently IWIP is only entering the first phase, in which the product produced is still processed nickel in the form of ferronickel.

"(IWIP ferronickel products) are not only exported to China, but also to Korea and Europe," said Agnes, without detailing the portion of IWIP ferronickel supplied to the export market.

She added that currently the industrial area, which has an area of around 4,200 hectares, has three tenants. First, PT Weda Bay Nickel (WBN). Citing the IWIP official website, WBN has a nickel processing plant with a capacity of 30,000 tonnes of Ni per year.

Second, PT Yashi Indonesia Investment, which is estimated to have a ferronickel factory with a production capacity of up to 300,000 tons per year. Third, PT Youshan Nickel Indonesia, which will later produce nickel sulphate with a capacity of 130,000 mtpa. Youshan Nickel will also build a 250 MW power plant and a port with a capacity of 50,000 mt.

After three years of existence since 2018, IWIP is still in its first phase which is supported by ferronickel production. The plan, expansion for the second phase will begin at the end of this year.

The second phase will still process nickel derivative products, such as nickel matte as the main ingredient for the precursor battery. For the third and subsequent phases, IWIP targets to establish an industrial area that produces battery components, especially for electric vehicles (EV Battery).

"The higher the phase, the products can also be manufactured. IWIP plans in the future, in a further phase, it will produce raw materials for precursor components. EV batteries have a long supply chain," added Agnes.

Menurut Agnes, saat ini IWIP baru masuk ke fase pertama, yang mana produk yang dihasilkan masih berupa olahan nikel dalam bentuk feronikel.

"(Produk feronikel dari IWIP) tak hanya diekspor ke China, tapi juga ada yang ke Korea dan Eropa," kata Agnes tanpa merinci porsi feronikel IWIP yang dipasok ke pasar ekspor.

Dia menambahkan, saat ini kawasan industri yang memiliki luas sekitar 4.200-an hektare itu memiliki tiga tenant. Pertama, PT Weda Bay Nickel (WBN). Mengutip situs resmi IWIP, WBN memiliki pabrik peng-olahan nikel dengan kapasitas 30.000 ton Ni per tahun.

Kedua, PT Yashi Indonesia Investment, yang diestimasikan bakal memiliki pabrik fero-nikel dengan kapasitas produksi mencapai 300.000 ton per tahun. Ketiga, PT Youshan Nickel Indonesia, yang nantinya akan mem-produksi nickel sulphate dengan kapasitas 130.000 mtpa. Youshan Nickel pun bakal membangun PLTU berdaya 250 MW dan pelabuhan dengan kapasitas 50.000 mt. Setelah tiga tahun berdiri sejak 2018, IWIP memang masih pada fase pertama yang ditopang oleh produksi feronikel. Rencana-nya, ekspansi untuk fase kedua akan dimulai pada akhir tahun ini. Fase kedua masih akan mengolah produk turunan nikel, seperti nickel matte sebagai bahan utama precursor battery. Untuk fase ketiga dan selanjutnya, IWIP menargetkan sudah bisa membentuk kawasan industri yang memproduksi kom-ponen baterai, khususnya untuk kendaraan listrik (EV Battery).

"Semakin tinggi fase-nya, sudah bisa manufaktur juga produknya. Rencana IWIP ke depan, pada fase yang lebih lanjut akan memproduksi bahan baku untuk komponen precursor. Baterai EV itu supply chain-nya memang panjang," imbuh Agnes.

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3 Mining SOEs Prepare to Hold

GMS

S

TATE-owned mining companies are preparing to hold an Annual General Meeting of Shareholders (AGMS) in April 2021. These state-owned companies include PT Aneka Tambang Tbk (ANTM), PT Bukit Asam Tbk (PTBA) and PT Timah Tbk (TINS). PTBA is scheduled to hold an AGMS on April 5, 2021, then TINS will hold it on April 6, 2021 and ANTM will schedule it on April 7, 2021.

At this AGMS, market players are awaiting the decision on the use of net profit for the 2020 financial year period of the three state-owned mining issuers.

PTBA, TINS and ANTM recorded a year on year (YoY) decline in performance in 2020. Of the three listed companies, ANTM posted a net profit growth of 492.91 percent to Rp1.15 trillion. Throughout 2020, ANTAM's net sales value was recorded at Rp27.37 trillion, with the proportion of domestic net sales reaching Rp19.92 trillion or 73% of ANTAM's total net sales. ANTAM's domestic sales value grew by 68% when compared to net sales value in the domestic market in 2019 of Rp 11.86 trillion.

ANTAM's solid financial performance is also reflected in the stable achievement of ANTAM's S&P Global corporate credit rating in 2020 with a rating of "B/stable outlook", as well as being able to maintain the corporate rating and Sustainable Bonds I Year 2011 conducted by PT Pemeringkat Efek Indonesia (PEFINDO) with a rating "IdA/stable outlook".

3 BUMN Pertambangan Bersiap

Laksanakan RUPS

E

MITEN pertambangan pelat merah bersiap menggelar pelaksanaan Rapat Umum Pemegang Saham Tahunan (RUPST) pada bulan April tahun 2021. Emiten pelat merah tersebut antara lain PT Aneka Tambang Tbk (ANTM), PT Bukit Asam Tbk (PTBA) dan PT Timah Tbk (TINS). PTBA dijadwalkan akan melaksanakan RUPST pada tanggal 5 April 2021, kemudian TINS akan melaksanakan pada 6 April 2021 dan ANTM mengagenda-kan pada 7 April 2021.

Dalam RUPST ini, keputusan penggunaan laba bersih periode tahun buku 2020 dari ketiga emiten pertambangan pelat merah tersebut dinantikan oleh pelaku pasar.

PTBA, TINS dan ANTM mencatatkan penu-runan kinerja secara year on year (YoY) pada tahun 2020.

Dari ketiga emiten tersebut, ANTM mencetak pertumbuhan laba bersih sebesar 492,91 persen menjadi Rp1,15 triliun. Sepanjang

tahun 2020, nilai penjualan bersih ANTAM ter-catat sebesar Rp27,37 triliun dengan proporsi penjualan bersih domestik mencapai Rp19,92 triliun atau 73% dari total penjualan bersih ANTAM. Capaian nilai penjualan ANTAM di dalam negeri tumbuh 68% jika dibandingkan nilai penjualan bersih di pasar domestik pada tahun 2019 sebesar Rp11,86 triliun.

Kinerja Keuangan ANTAM yang solid ter-cermin pula dari stabilnya capaian corporate credit rating S&P Global ANTAM tahun 2020 dengan rating “B/outlook stable”, serta dapat mempertahankan peringkat Korporasi dan Obligasi Berkelanjutan I Tahun 2011 yang dilakukan oleh PT Pemeringkat Efek Indonesia (PEFINDO) dengan rating “idA/ outlook stable”.

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Then, PTBA recorded a decrease in profit of 41.17 percent to Rp2.38 trillion compared to the previous year Rp4.06 trillion.

PTBA's performance throughout 2020 was affected by the Covid-19 pandemic which caused a decrease in energy consumption due to the imposition of lockdowns in several export destination countries such as China and India. Likewise with domestic conditions which are the majority market for PTBA. The decline in electricity consumption in large areas of Indonesia such as DKI Jakarta, Banten, Java and Bali also has an impact on the decline in domestic coal absorption. Meanwhile, the price of coal during 2020 is also a challenge for the company. Based on data from the Ministry of Energy and Mineral Resources (ESDM), the reference coal price (HBA) fluctuates greatly throughout 2020.

Meanwhile, TINS has not recorded a profit in 2020, because this issuer experienced a net loss of Rp 340.59 billion. However, this loss was 44.28 percent lower than in 2019 which reached Rp611.28 billion. TINS losses were able to be minimized due to a number of company expenses that were minimized such as general and adminis-trative expenses which fell to a level of Rp 832.9 billion, sales expenses decreased to Rp 69.4 billion and financial expenses decreased to Rp 607.3 billion.

The decline in TINS profit was due to almost all revenue segments experiencing a decline in performance, including tin metal which fell 21.49 percent to Rp13.9 trillion, tin solder fell 47.6 percent to Rp199.9 billion, aluminum decreased 54.18 percent to Rp144. 8 billion, and the hospital segment which fell 36 percent to Rp142.1 billion. Meanwhile, the tin chemical revenue

segment increased 23.77 percent to Rp414.6

billion, coal revenue rose 213 percent to Rp122.06 billion, and nickel revenue increased 47 percent to Rp108.82 billion.

Kemudian, PTBA mencatatkan penurunan laba sebesar 41,17 persen menjadi Rp2,38 triliun dibandingkan tahun sebelumnya Rp4,06 triliun.

Kinerja PTBA sepanjang tahun 2020 terdam-pak oleh pandemi Covid-19 yang menyebab-kan penurunan konsumsi energi akibat diber-lakukannya lockdown di beberapa negara tujuan ekspor seperti China dan India. Begitu juga dengan kondisi di dalam negeri yang menjadi pasar mayoritas PTBA. Turunnya konsumsi listrik di wilayah besar Indonesia seperti DKI Jakarta, Banten, Jawa dan Bali juga berdampak turunnya penyerapan batubara domestik. Sementara harga batu bara selama tahun 2020 juga menjadi tantangan tersendiri bagi perseroan. Berdasarkan data

Kemen-terian Energi dan Sumber Daya Mineral

(ESDM), harga batubara acuan (HBA) sangat berfluktuasi sepanjang 2020.

Sedangkan TINS belum mencatatkan keuntungan di tahun 2020, karena emiten ini mengalami rugi bersih sebesar Rp340,59 miliar. Namun kerugian ini lebih rendah 44,28 persen dibandingkan tahun 2019 yang mencapai R611,28 miliar. Kerugian TINS mampu diperkecil dikarenakan sejumlah beban perseroan yang diminimalisir seperti beban umum dan administrasi yang turun ke level Rp832,9 miliar, beban penjualan turun menjadi Rp69,4 miliar dan beban keuangan menurun menjadi Rp607,3 miliar.

Penurunan laba TINS ini dikarenakan hampir seluruh segmen pendapatan meng-alami penurunan kinerja, antara lain logam timah turun 21,49 persen menjadi Rp13,9 triliun, timah solder turun 47,6 persen men-jadi Rp199,9 miliar, aluminium menurun 54,18 persen ke Rp144,8 miliar, dan segmen rumah sakit yang turun 36 persen ke Rp142,1 miliar. Adapun, segmen pendapatan timah chemical naik 23,77 persen menjadi Rp414,6 miliar, pendapatan batu bara naik 213 persen menjadi Rp122,06 miliar, dan pendapatan nikel naik 47 persen menjadi Rp108,82 miliar.

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Distribution of Company Dividends The prediction of dividend payments for mining BUMN issuers will decrease for the 2020 financial year. This policy is in line with the direction of the state-owned enterprises' dividend APBN, which has decreased to a position of Rp 26.1 trillion. Mirae Asset Sekuritas Head of Investment Information Roger MM said there are several issuers that are predicted to pay quite high dividends per share. He projects PTBA's dividend of IDR185 per share. PTBA is one of the issuers who generously distributes dividends every year. This is reflected in PTBA's entry into the constituent list of IDX High Dividend 20 (IDXHIDIV20).

The IDX High Dividend 20 Index consists of 20 stocks that have distributed cash dividends in the last 3 years and also have high dividend yields.

In the 2019 financial year, PTBA distributed dividends of Rp 3.65 trillion or equivalent to 90 percent of the total net profit which reached Rp 4.05 trillion. The dividend payout ratio in 2019 increased compared to the previous year, which was 75% of total 2018 profit.

Meanwhile, ANTM distributed dividends of Rp. 67.84 billion or equivalent to 35% of net profit for the 2019 financial year. The distribution of ANTM dividends was carried out even though the company's net profit fell by 88.2 percent on an annual basis. Aneka Tambang's Dividend Payout Ratio (DPR) in 2017 and 2018 has not changed. This is because the gold-producing issuer distributes dividends of 35% of net income in 2017 to shareholders of Rp 47.7 billion. The amount of the payment ratio is also the same in 2018, namely 35% of 2018 net profit or equivalent to Rp 306.4 billion, each

share will receive a cash dividend of Rp 12.74.

Pembagian Dividen Perusahaan

Prediksi pembayaran dividen emiten BUMN pertambangan akan turun untuk tahun buku 2020. Kebijakan ini sejalan dengan arahan APBN dividen dari BUMN yang menurun ke posisi Rp26,1 triliun.

Head of Investment Information Mirae Asset Sekuritas Roger MM mengatakan ada bebe-rapa emiten yang diprediksi memberikan dividen per lembar saham cukup tinggi. Dia memproyeksikan dividen PTBA sebesar Rp185 per saham.

PTBA adalah salah satu emiten yang royal membagikan dividen setiap tahunnya. Hal ini tercermin dari masuknya PTBA ke dalam daftar konstituen IDX High Dividend 20 (IDXHIDIV20).

Indeks IDX High Dividend 20 terdiri dari 20 saham yang membagikan dividen tunai dalam 3 tahun terakhir dan juga memiliki devidend yield yang tinggi.

Pada tahun tahun buku 2019, PTBA

mem-bagikan dividen sebesar Rp3,65 triliun atau setara dengan 90 persen dari total laba bersih yang mencapai Rp4,05 triliun. Rasio pem-bayaran dividen di tahun 2019 tersebut naik dibandingkan dengan tahun sebelum-nya, yaitu sebesar 75% dari total laba 2018.berjalan tah Sedangkan, ANTM membagikan dividen Rp 67,84 miliar atau setara dengan 35% dari laba bersih tahun buku 2019. Pembagian dividen ANTM dilaksanakan meskipun laba bersih perseroan turun 88,2 persen secara tahunan.

Devidend Payout Ratio (DPR) Aneka Tambang di tahun 2017 dan 2018 tidak berubah. Pasal-nya emiten produsen emas ini membagikan dividen 35% dari laba bersih tahun 2017 kepada pemegang saham yaitu sebesar Rp47,7 miliar.

Besaran rasio pembayaran juga sama di tahun 2018 yaitu 35% dari laba bersih 2018 atau setara dengan Rp306,4 miliar, setiap lembar sahamnya memperoleh dividen tunai sebesar Rp12,74.

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As for TINS, in 2019 it did not distribute dividends. However, in the previous year, TINS distributed 39% of the 2018 net profit or the equivalent of Rp 185.97 billion.

Adapun TINS, di tahun 2019 tidak membagikan dividen. Namun di tahun sbelumnya TINS membagikan 39% dari laba bersih periode 2018 atau setara Rp185,97 miliar.

Amman Mineral Receives Export

Quota of 579,444 Wet Metric

Tons Until 2022

Yurika

PT AMMAN Mineral Nusa Tenggara

(AMNT) received a new Export Extension Letter (SPE) for the next one year period. Based on the recommendation from the Ministry of Energy and Mineral Resources (ESDM) on Wednesday (31/3), the Ministry of Trade has approved the export quota for copper concentrate to AMNT until 2022 of 579,444 Wet Metric Tons (WMT).

This quota is higher than the export quota in 2020 of 373,626 WMT, indicating a better productivity target for the company in 2021.

Rachmat Makkasau, President Director of AMNT, said that the export quota is in accordance with the submission submitted in the AMNT 2021 Work Plan and Budget (RKAB).

"We appreciate the Ministry of ESDM for issuing recommendations and the Ministry of Trade for issuing an extension, so that we can export which contributes to the national economy, especially during the Covid-19 pandemic," said Rachmat, Friday (2/4).

AMNT obtained this recommendation because it had achieved physical progress in the construction of a copper concentrate refining facility (smelter) in accordance with the targeted plan.

Amman Mineral Peroleh Kuota

Ekspor 579.444 Wet Metric Ton

hingga 2022

Yurika

PT AMMAN Mineral Nusa Tenggara (AMNT)

mendapatkan Surat Perpanjangan Ekspor (SPE) baru untuk periode satu tahun ke depan. Berdasarkan rekomendasi dari Kemen -terian Energi dan Sumber Daya Mineral (ESDM) pada Rabu (31/3), Kementerian Perdagangan memberikan persetujuan kuota ekspor konsentrat tembaga kepada AMNT sampai dengan tahun 2022 sebesar 579.444 Wet Metric Ton (WMT).

Kuota ini lebih tinggi dibandingkan kuota ekspor pada tahun 2020 sebesar 373.626

WMT, mengindikasikan target produktivitas perusahaan yang lebih baik pada tahun 2021.

Rachmat Makkasau, Presiden Direktur AMNT, menyatakan kuota ekspor tersebut sesuai dengan pengajuan yang disampaikan dalam Rencana Kerja dan Anggaran Biaya (RKAB) AMNT 2021.

“Kami mengapresiasi Kementerian ESDM yang telah mengeluarkan rekomendasi dan Kemen-terian Perdagangan yang mengeluarkan per-panjangan, sehingga kami dapat melakukan ekspor yang membawa kontribusi bagi ekonomi nasional, khususnya di masa pandemi Covid-19,” ujar Rachmat, Jumat (2/4).

Rekomendasi tersebut diperoleh AMNT karena telah mencapai kemajuan fisik pembangunan fasilitas pemurnian konsentrat tembaga sesuai dengan rencana yang telah ditargetkan.

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The six-month target that has been announced has been adjusted to the input capacity for the smelter of 900,000 tonnes per annum (TPA), from the previous 1,300,000 TPA.

The adjustment of input capacity for the smelter located in Otakeris, West Sumbawa Regency was carried out with the consideration of the company's long-term production plans and development challenges due to the Covid-19 pandemic. The Ministry of ESDM has issued Ministerial Regulation No. 17 of 2020, in which business actors can make adjust-ments to the smelter project completion schedule until 2023. This policy was issued, one of which is to answer the challenges caused by Covid-19 for business actors.

Rachmat explained that his party must improve the protocol for preventing the spread of the virus by limiting access to and from smelters in operational areas. AMNT's business partners also experience travel restrictions.

He added that AMNT must adapt quickly to continue to be able to achieve the targets that have been set. This is a manifestation of the implementation of the company's vision, which is to become an organization that continues to create the best legacy. Not only that, AMNT stated that it would continue to innovate to be more productive and efficient, because copper production from the Batu Hijau mine would be a very important commodity to support clean energy technology, such as electric vehicle battery components.

"These are all legacies that the next generation will enjoy," said Rachmat. (RA)

Target enam bulanan yang dicanangkan telah disesuaikan dengan kapasitas input untuk smelter sebesar 900.000 Tonnes Per Annum (TPA), dari sebelumnya 1.300.000 TPA.

Penyesuaian kapasitas input untuk smelter yang berlokasi di Otakeris, Kabupaten Sumbawa Barat ini dilakukan dengan pertimbangan rencana jangka panjang produksi perusahaan dan tantangan pembangunan akibat pandemi Covid-19. Kementerian ESDM telah mengeluarkan Peraturan Menteri No. 17 Tahun 2020, di mana pelaku usaha dapat melakukan penyesuaian terhadap jadwal penyelesaian proyek smelter sampai dengan tahun 2023. Kebijakan ini dikeluarkan salah satunya untuk menjawab tantangan akibat Covid-19 bagi para pelaku usaha.

Rachmat menjelaskan bahwa pihaknya harus meningkatkan protokol pencegahan penyebaran virus dengan membatasi akses keluar masuk area smelter yang berada di wilayah operasional. Para mitra bisnis AMNT juga mengalami pembatasan per-jalanan dinas.

Dia menambahkan bahwa AMNT harus cepat beradaptasi untuk terus dapat mencapai target yang sudah ditetapkan. Ini merupakan wujud implementasi visi per-usahaan, yaitu menjadi sebuah organisasi yang terus menciptakan warisan terbaik. Tak hanya itu, AMNT menyatakan akan terus berinovasi untuk menjadi lebih produktif dan efisien, karena produksi tembaga dari tambang Batu Hijau akan menjadi komoditas yang sangat penting perannya untuk mendukung teknologi energi bersih, seperti komponen baterai kendaraan listrik.

“Ini semua adalah warisan yang akan dinikmati generasi berikutnya,” ujar Rachmat. (RA)

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Impact of Contractor Change for

Adaro

Parluhutan Situmorang

THE PLAN of PT Adaro Energy Tbk

(ADRO) to replace coal mining contractors with its own contractors can be a positive catalyst for cost control. Meanwhile, the company's coal sales volume is estimated to be prudent.

BRI Danareksa Sekuritas analyst Stefanus Darmagiri revealed, PT Saptaindra Sejati (SIS), a subsidiary of Adaro, will replace PT Pamapersada Nusantara (Astra Group), as a coal mining contractor in the main mining area. SIS will be assisted by PT Bukit Makmur Mandiri Utama (Buma) as the contractor.

“The use of coal contractors alone will make the company's mining costs more competitive. SIS will handle 75-80% of Adaro's coal mining. The rest is given to Buma,” wrote Stefanus in his research. Regarding coal sales volume, Adaro is projected to continue to face challenges, even though the average selling price of coal tends to be higher this year compared to last year.

Meanwhile, large reserves and continued business diversification are additional positive factors for the company.

BRI Danareksa Sekuritas maintains Adaro's coal production target for this year at 52-54 million tons compared to 2020's realization of 54.5 million tons. The target is the same as the previous year's estimate. The projection for Adaro's coal sales volume this year will be lowered from 55 million tonnes to 53 million tonnes. However, the company's estimated...

Dampak Pergantian Kontraktor

bagi Adaro

Parluhutan Situmorang

R

ENCANA PT Adaro Energy Tbk (ADRO)

meng-ganti kontraktor penambangan batu bara dengan menggunakan kontraktor sendiri bisa

menjadi katalis positif terhadap pengendalian biaya. Sedangkan volume penjualan batu bara perseroan diperkirakan masih penuh kehati-hatian.

Analis BRI Danareksa Sekuritas Stefanus

Darmagiri mengungkapkan, PT Saptaindra Sejati (SIS), anak usaha Adaro, akan menggantikan posisi PT Pamapersada Nusantara (Grup Astra), sebagai kontraktor penambangan batu bara di areal penambangan utama. SIS akan dibantu oleh PT Bukit Makmur Mandiri Utama (Buma) sebagai kontraktor.

“Pemanfaatan kontraktor batu bara sendiri akan membuat biaya penambangan perseroan lebih kompetitif. SIS akan menangani penambangan batubara Adaro dengan porsi 75-80%. Sisanya diberikan ke Buma,” Stefanus dalam risetnya.

Mengenai volume penjualan batu bara, Adaro diproyeksikan tetap menghadapi tantangan, meski rata-rata harga jual batu bara cen-derung lebih tinggi tahun ini dibandingkan tahun lalu.

Sementara, besarnya cadangan dan berlanjut-nya diversifikasi usaha menjadi tambahan faktor positif bagi perseroan.

BRI Danareksa Sekuritas mempertahankan target produksi batu bara Adaro tahun ini sebanyak 52-54 juta ton dibandingkan realisasi tahun 2020 yang sebanyak 54,5 juta ton. Target tersebut sama dengan perkiraan tahun sebelumnya.

Adapun proyeksi volume penjualan batu bara Adaro tahun ini diturunkan dari 55 juta ton menjadi 53 juta ton. Namun, perkiraan rata-rata...

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However, the company's estimated average coal selling price is maintained at US$ 70 per ton. Going forward, Adaro's financial performance will also be supported by the sale of coking coal through Adaro MetCoal Companies (AMC). The first phase of production is targeted to reach 3 million tons. Then, the second phase of development with a production target of 6 million tons.

As such, Adaro Energy's performance remains prospective in the long term. However, BRI Danareksa Sekuritas continued to lower its target price for ADRO shares from Rp 1,800 to Rp 1,600. The lowering of the target price is in line with the downward revision of the company's financial performance target. The target price also reflects the 2021 PE forecast of around 12.5 times. The target price has also taken into account the downward revision of Adaro's net profit target to US$ 292 million this year compared to the original estimate of US$ 378 million. Likewise, the company's revenue estimate is lowered from US$ 2.92 billion to US$ 2.68 billion. Meanwhile, the company's stripping ratio was revised up from 4.5 times to 4.8 times.

Previously, Mirae Asset Sekuritas Indonesia analyst Andy Wibowo Gunawan revealed that Adaro Energy is a coal mining company with the largest reserves. "This large reserve will be a competitive advantage for the company in the long run," he wrote in his research.

Assuming the company's coal production reaches 52 million tons per year, the mining life time of the company is more than 20 years. Adaro also has an engine for future growth, namely the Kestrel coal mine in Australia.

Namun, perkiraan rata-rata harga jual batu bara perseroan dipertahankan US$ 70 per ton. Ke depannya, kinerja keuangan Adaro juga bakal ditopang oleh penjualan batu bara kokas melalui Adaro MetCoal Companies (AMC). Produksi tahap pertama ditargetkan mencapai 3 juta ton. Kemudian, pengembangan fase kedua dengan target produksi sebanyak 6 juta ton.

Dengan demikian, kinerja Adaro Energy tetap prospektif dalam jangka panjang. Namun, BRI Danareksa Sekuritas tetap menurunkan target harga saham ADRO dari Rp 1.800 menjadi Rp 1.600. Penurunan target harga tersebut sejalan dengan revisi turun target kinerja keuangan perseroan. Target harga tersebut juga merefleksikan perkiraan PE tahun 2021 sekitar 12,5 kali. Target harga tersebut juga telah memper-timbangkan revisi turun target laba bersih Adaro me njadi US$ 292 juta tahun ini dibandingkan perkiraan semula US$ 378 juta. Begitu juga dengan perkiraan penda-patan perseroan diturunkan dari US$ 2,92 miliar menjadi US$ 2,68 miliar. Sedangkan rasio pengupasan lapisan tanah tambang (stripping ratio) perseroan direvisi naik dari 4,5 kali menjadi 4,8 kali.

Sebelumnya, analis Mirae Asset Sekuritas Indonesia Andy Wibowo Gunawan meng-ungkapkan, Adaro Energy merupakan per-usahaan pertambangan batu bara dengan cadangan terbesar.

“Cadangan yang besar ini akan menjadi keunggulan kompetitif bagi perseroan dalam jangka panjang,” tulis dia dalam risetnya.

Dengan mengasumsikan produksi batu bara perseroan yang mencapai 52 juta ton per tahun, jangka waktu penambangan (life time) tambang perseroan lebih dari 20 tahun. Adaro juga memiliki mesin pertum-buhan ke depan, yaitu tambang batu bara Kestrel di Australia.

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This is an added value for the company. Andy predicts that the selling price of coal will be in the range of US$ 70 per ton in 2021 and is expected to increase to US$ 75 per ton in 2022. However, the trend of rising selling prices is not balanced with stable production. This makes Adaro Energy's estimated financial performance in 2021 and 2022 lower than the original estimate.

The company's coal production volume in 2021 is revised down from 54 million tons to 52 million tons. Meanwhile, the selling price is estimated to remain at the level of US$ 70 per ton. With this assumption, the company's revenue estimate for 2021 will be lowered from US$ 2.68 billion to US$ 2.54 billion. The estimated net profit was also cut from US$ 338 million to US$ 323 million.

Andy also cut Adaro Energy's financial performance target for 2022, in line with the company's lower coal production assumption from 56 million tons to 52 million tons with an estimated selling price of US$ 75 per ton. This makes the company's revenue estimate for 2022 revised down from US$ 3.09 billion to US$ 2.93 billion. In contrast, the net profit estimate was revised up from US$ 348 million to US$ 362 million.

These various factors prompted Mirae Asset Sekuritas to increase its recommen-dation for ADRO shares to buy with a target price of Rp 1,765. The short-term catalyst for the strengthening of ADRO's price comes from the increase in the global coal selling price. Editor: Gora Kunjana

Hal itu menjadi nilai t ambah bagi perseroan. Andy memprediksi harga jual batu bara pada kisaran US$ 70 per ton pada 2021 dan diharapkan meningkat menjadi US$ 75 per ton pada 2022. Namun, tren kenaikan harga jual tersebut tidak diimbangi dengan produksi yang stabil. Hal itu membuat estimasi kinerja keuangan Adaro Energy pada 2021 dan 2022 lebih rendah dari perkiraan semula.

Volume produksi batu bara perseroan tahun 2021 direvisi turun dari 54 juta ton menjadi 52 juta ton. Sedangkan harga jual diperkirakan bertahan pada level US$ 70 per ton. Dengan asumsi tersebut, perkiraan pendapatan perseroan tahun 2021 diturunkan dari US$ 2,68 miliar menjadi US$ 2,54 miliar. Estimasi laba bersih juga dipangkas dari US$ 338 juta menjadi US$ 323 juta.

Andy juga memangkas target kinerja keuangan Adaro Energy tahun 2022, seiring dengan penurunan asumsi produksi batu bara perseroan dari 56 juta ton menjadi 52 juta ton dengan perkiraan harga jual US$ 75 per ton. Hal ini membuat perkiraan pendapatan perseroan tahun 2022 direvisi turun dari US$ 3,09 miliar menjadi US$ 2,93 miliar. Sebaliknya, per-kiraan laba bersih direvisi naik dari US$ 348 juta menjadi US$ 362 juta.

Berbagai faktor tersebut mendorong Mirae Asset Sekuritas menaikkan rekomendasi saham ADRO menjadi beli dengan target harga Rp 1.765. Katalis jangka pendek penguatan harga ADRO berasal dari kenaikan harga jual batu bara global. Editor : Gora Kunjana

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Freeport or Tsingshan Shares

the Majority in the Copper

Smelter Project?

T

HE CHINESE company, Tsingshan Steel, has the potential to have a majority stake in the PT Freeport Indonesia copper smelter project which is planned to be built in Weda Bay, Central Halmahera, North Maluku.

In order to fulfill the smelter construction commitment, Freeport plans to cooperate with Tsingshan to build a smelter in Halmahera as an alternative to the Freeport smelter construction plan in Gresik, East Java.

MIND ID Group CEO Orias Petrus Moedak revealed that if Tsingshan was selected, most of the investment costs for the smelter construction would be borne by Tsingshan. This is because the portion of Freeport's share ownership in the project will be a minority.

"Our portion will be a minority there. We will be around 25 percent or 30 percent and 70 percent are partners from China, namely Tsingshan. That is a calculated structure so that the funds to be issued by Freeport are not too large," Orias said at a hearing meeting with Commission VII DPR, Wednesday (31/3/2021).

According to him, this calculation is what makes him consider alternative develop-ment options in Halmahera because if the smelter is still being built in Gresik, Freeport will fully finance it through a loan. The investment value for the smelter construction in Gresik is estimated to cost around US$ 3 billion.

Saham Freeport atau Tsingshan

yang Mayoritas di Proyek

Smelter Tembaga?

P

ERUSAHAAN asal China, Tsingshan Steel, berpotensi memiliki saham mayoritas dalam proyek smelter tembaga PT Freeport Indonesia yang rencananya dibangun di Weda Bay, Halmahera Tengah, Maluku Utara.

Dalam rangka memenuhi komitmen pem-bangunan smelter, Freeport berencana melakukan kerja sama dengan Tsingshan untuk membangun smelter di Halmahera

sebagai alternatif dari rencana pembangunan smelter Freeport di Gresik, Jawa Timur.

Group CEO MIND ID Orias Petrus Moedak mengungkapkan bahwa bila nantinya opsi kerja sama dengan Tsingshan yang dipilih, sebagian besar biaya investasi pem-bangunan smelter akan ditanggung oleh Tsingshan. Hal ini karena porsi kepemilikan saham Freeport di proyek tersebut akan minoritas.

"Porsi kami akan minoritas di sana. Kami akan sekitar 25 persen atau 30 persen dan 70 persen adalah mitra dari China, yakni Tsingshan. Itu struktur yang diperhitungkan supaya dana yang akan dikeluarkan oleh Freeport itu tidak terlalu besar," ujar Orias dalam rapat dengar pendapat dengan Komisi VII DPR, Rabu (31/3/2021).

Menurutnya, perhitungan tersebutlah yang membuat pihaknya mempertimbangkan opsi alternatif pembangunan di Halmahera sebab bila smelter tetap dibangun di Gresik, pembiayaannya sepenuhnya akan dilakukan oleh Freeport melalui pinjaman. Nilai inves-tasi pembangunan smelter di Gresik diper-kirakan menelan biaya sekitar US$3 miliar.

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Thus, the Indonesian side, as the 51 percent shareholder in Freeport, will indirectly bear the investment costs of around US$ 1.5 billion.

"Our dependent portion is 51 percent. In fact, we do not directly cover around US$ 1.5 billion through Freeport's operations, where we as shareholders we will arrange for the financing to be carried out directly by Freeport and of course it will reduce the profit available to be shared," he said. Meanwhile, the option of a cooperation plan with Tsingshan for the construction of a smelter in Halmahera, said Orias, until now no decision has been made. Until the final decision is agreed, his party is still committed to seriously carrying out the construction of a smelter in Gresik. Editor: Zufrizal

Dengan demikian, secara tidak langsung pihak Indonesia sebagai pemegang saham 51 persen di Freeport akan menanggung biaya investasi sekitar US$1,5 miliar. "Porsi tanggungan kita 51 persen. Itu sebenarnya tidak langsung kita tanggung sekitar US$1,5 miliar melalui operasional-nya Freeport di mana kita sebagai peme-gang saham kami akan atur pembiayaan-nya dilakukan langsung oleh Freeport dan tentu itu akan kurangi laba yang tersedia untuk dibagi," katanya.

Adapun, opsi rencana kerja sama dengan Tsingshan untuk pembangunan smelter di Halmahera, kata Orias, hingga saat ini belum ada keputusan yang diambil. Sampai keputusan final disepakati, pihaknya masih berkomitmen untuk serius melaksanakan pembangunan smelter di Gresik. Editor : Zufrizal

Review of the Week

Flood in Australia subsides, coal

prices suffer correction

Arif Gunawan, CNBC Indonesia

IN CONTRAST to the strengthening of oil

prices this week, the world coal price has been considered a bonus for a week, following the waning risk of tightening supplies due to flooding in Australia. Newcastle's benchmark thermal coal price for contracts that are heavily traded is priced at US$ 91.9/ton on Thursday (1/4/2021), or an increase of 1.6% from the previous day's position.

Ulasan Sepekan

Banjir Australia Reda, Harga

Batu Bara Didera Koreksi

Arif Gunawan, CNBC Indonesia

B

ERBEDA dengan harga minyak yang menguat sepekan ini, harga batu bara dunia justru terhitung boncos selama sepekan, menyusul kian memudarnya risiko pengetatan suplai akibat banjir Australia.

Harga batu bara termal acuan Newcastle untuk kontrak yang ramai ditransaksikan dibanderol di level harga US$ 91,9/ton pada Kamis (1/4/2021), atau terhitung menguat 1,6% dari posisi sehari sebelumnya.

(19)

However, on a weekly basis, the closing level fell 3.7% compared to the previous weekend's position at US$ 95.4/ton. This correction reverses the previous week's trend which strengthened by 1.6%.

Throughout March, the price of Indonesia's mainstay commodity has jumped 9% compared to the position at the end of February of US$ 82.95 per ton. The highest price ever reached this year was printed on March 22, at US$ 98.4/ton.

The trigger was flooding in Australia's main coal-producing region, namely Newcastle. The worst flooding in 50 years has displaced 18,000 residents and Australian coal giant Glencore has suspended one of its coal production facilities.

Not surprisingly, in the first quarter of 2021 world coal prices recorded a good performance with an increase of nearly 11%. However, the flood was declared to have receded so that residents returned to their homes on Saturday (25/3/2021). The good news also eliminates the risk of a shortage in world coal supply, so that coal prices immediately drop on Monday this week, returning to the psychological level of 80, to be precise at US$ 88.3 per ton. Coal prices returned to a psychological 90 level on Wednesday after the Chinese government decided to open up imports, except from Australia as the two were at odds. It so happened that the first quarter also coincided with the winter momentum and the Chinese New Year celebrations. Positive sentiment has also come from vaccinations that have continued to be intensified in various countries, sparking expectations that the world economy will soon recover, so that energy demand such as coal will gradually return to normal in the near future. CNBC INDONESIA RESEARCH TEAM (ags/ags)

Namun secara mingguan, level penutupan tersebut terhitung anjlok 3,7% dibandingkan dengan posisi akhir pekan sebelumnya pada US$ 95,4/ton. Koreksi ini membalik tren sepekan sebelumnya yang menguat sebesar 1,6%.

Sepanjang Maret, harga komoditas andalan Indonesia ini terhitung melonjak 9% diban-dingkan dengan posisi akhir bulan Februari sebesar US$ 82,95 per ton. Harga tertinggi yang pernah dicapai tahun ini dicetak pada 22 Maret, yakni sebesar US$ 98,4/ton.

Pemicunya adalah banjir di wilayah utama penghasil batu bara di Australia, yakni di Newcastle. Banjir terburuk selama 50 tahun terakhir ini memicu 18.000 warga mengungsi dan raksasa batu bara Australia Glencore menghentikan salah satu fasilitas produksi batu baranya.

Tidak heran, pada kuartal pertama tahun 2021 harga batu bara dunia mencatatkan kinerja yang apik dengan kenaikan hampir 11%. Namun demikian, banjir tersebut di-nyatakan surut sehingga warga kembali ke rumah masing-masing pada Sabtu (25/3/2021).

Kabar bagus tersebut pun menghapus risiko seretnya pasokan batu bara dunia, sehingga harga batu bara langsung anjlok pada Senin pekan ini, kembali ke level psikologis 80, tepatnya pada US$ 88,3 per ton.

Harga batu bara kembali ke level psikologis 90 pada Rabu setelah pemerintah China memutuskan untuk membuka keran impor, kecuali dari Australia karena keduanya bersitegang. Kebetulan di kuartal pertama juga bertepatan dengan momentum musim dingin dan perayaan tahun baru Imlek.

Sentimen positif juga datang dari vaksinasi yang terus digencarkan di berbagai negara sehingga memicu ekspektasi bahwa per-ekonomian dunia bakal segera pulih, sehingga permintaan energi seperti batu bara bakal berangsur normal dalam waktu dekat. TIM RISET CNBC INDONESIA (ags/ags)

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Copper may be the key to turn CO2 into fuel

Valentina Ruiz Leotaud

RESEARCHERS at Ruhr-Universität Bochum and the University of Duisburg-Essen have

developed a new catalyst for the conversion of carbon dioxide (CO2) into chemicals or fuels. In a paper published in the journal Angewandte Chemie, the scientists explain that what they did was optimize already available copper catalysts to improve their selectivity and long-term stability.

According to the researchers, even though copper has already emerged as a promising catalyst, it must be in the form of a partially positively charged ion. The problem is that under conventional reaction conditions, copper is rapidly converted from its positively charged form to the neutral state, which is unfavorable for the formation of products with more than two carbon atoms and thus deactivates the catalyst.

To address this issue, the team led by Yanfang Song modified a copper catalyst with boron. In detail, they tested different copper-boron ratios and determined the optimal composition to favor the formation of compounds with more than two carbon atoms. They also showed that the boron-copper catalyst can be operated at densities that would be required on an industrial scale.

Their experiment involved implementing a system in the form of a gas diffusion electrode in which a solid catalyst catalyzes the electrochemical reaction between the liquid and gaseous phases. In the boundary of these phases, CO2 should dissolve and the group was able to achieve this using a special binder.

In addition to this and to prevent corrosion of the electrodes and keep the system stable over a long period, the chemists integrated a so-called ‘sacrificial anode’ made of zinc into the system. Since zinc is a less noble metal than copper, it gets corroded first, while the copper is spared.

“The combination of a selective and active catalyst material in a gas diffusion electrode and the addition of the stabilizing zinc is an important step towards the use of CO2 for the synthesis of base chemicals,” Wolfgang Schuhmann, co-author of the study, said in a media statement.

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WEG suppliers motors for Metso Outotec vertical mills for major

mineral processing projects in Brazil

Posted by Paul Moore

GLOBAL mining drives and motors major WEG says its equipment has been selected for

some major projects Metso Outotec is carrying out in mineral processing plants in Brazil. The equipment package provided by WEG includes two vertical three-phase induction motors of the Master line, models MGI630 (2,300 kW) and MGI560 (1,600 kW), a medium voltage frequency inverter model MVW3000 and seven 150 hp motors.

WEG said the orders are focused on the operation of the main vertical mills at plants in Brazil. Metso Outotec says its Vertimills provide superior efficiency with high throughputs and a low plant footprint. “Grind efficiency, reduced media consumption, lower installation cost, minimal maintenance, and minimal liner wear make Vertimill® the lowest total cost of ownership in many applications, substantially improving the profitability of concentrators. Mechanically, Vertimill is a simple machine with an agitating screw suspended into the grinding chamber, supported by spherical roller bearings and driven by a fixed speed motor through a planetary gearbox. The capacity of each unit size is relative to the required power input for the intended grind, however, mills have been operated with throughputs exceeding 500 t/h.”

This supply WEG says “reinforces the expertise and quality of WEG products for the mining segment and strengthens the partnership with Metso Outotec, an important player in the market. In addition, the choice of WEG equipment guarantees all the technical and after-sales assistance necessary for the greatest efficiency of the solutions.”

Coal India Ltd output falls for second year in a row in FY21

By: FE Bureau

COAL India’s output declined 1% annually to 596.2 million tonne in FY21, mainly due to

lower demand from power plants in the fiscal amid reduced electricity requirement. This is the second year in a row when the coal behemoth — which produces about 80% of the country’s coal — reported a decline in production.

Consumers procured 573.8 MT of coal from the miner, which is 1.3% lower than FY21. With lower offtake, stock of excavated coal lying at CIL mines has swelled to an all-time high level of 96 MT. Coal companies have to moderate production according to offtake, as coal cannot be stockpiled beyond a certain quantity without the risk of catching fire.

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Production in its Northern Coalfields and Mahanadi Coalfields subsidiaries increased 6.5% and 5.5% year-on-year, respectively, in FY21. South Eastern Coalfields, CIL’s largest subsidiary in terms of production, also managed to inch up its output by 0.04% to 150.6 MT. With reduced domestic demand of coal in the fiscal, CIL had shifted its focus to overburden removal — the process of removing the top soil and rock to expose coal seams in its open cast mines — which will enable it to accelerate production and supply the fuel at short notice. Thermal power plants currently have sufficient coal stocks to last them for 15 days. Coal is mainly used in power generation and in April-December FY21, the country imported 121.2 MT of thermal coal for producing electricity — 38.4% lower than the same period in FY20. According to analysts at Edelweiss Securities, high level of inventory may lead to grade slippage and consequently lower realisation for CIL, which can be a concern. “Despite a likely improvement in sales volume going ahead, we expect cash accretion to be a major concern considering the escalation in working capital,” the analysts added.

Peru's mining sector contracted 2% in February

By Vladimir Basov

THE NATIONAL Institute of Statistics and Informatics of Peru (INEI) announced today that

the domestic mining and hydrocarbons sector declined by 5.34% in February 2021.

INEI said that this decline was associated with the lower activity in the metallic mining subsector, which fell by -2.18% due to the lower production volumes of gold (-25.5%), silver (-14.4 %), lead (-10.0%), iron (-9.3%) and molybdenum (-0.7%); however, the production of zinc (15.2%), tin (8.8%) and copper (1.0%) increased.

A similar trend was reported for the hydrocarbons subsector which fell by -20.83% due to the reduced level of extraction of crude oil 44.7%), natural gas 9.4%) and natural gas liquids (-8, 7%).

Ukrainian miners produced 2.7M tonnes of coal in March

IN MARCH 2021, Ukrainian mining enterprises produced 2,708,078 tonnes of coal, which is

28% higher than the production plan, the Coal Miners Union of Ukraine reported with a reference to the Energy Ministry.

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In Donetsk region, 1,085,373 million tonnes of coal were produced by coal mining enterprises of all forms of ownership in March 2021, including 450,527 tonnes of coal produced by state-owned mines, which is 37,827 tonnes more than the production plan.

Enterprises of the Energy Ministry in Luhansk region produced 24,770 tonnes of coal, which is 9,430 tonnes less than the production plan.

In Dnipropetrovsk region, DTEK Pavlohradvuhillia extracted 1,475,542 tonnes of coal, which exceeds the production plan by 13%.

In Lviv region, Lvivvuhillia State Enterprise produced 121,263 tonnes of coal. The production plan was exceeded by 16,763 tonnes.

SE Volynvuhillia extracted 1,130 tonnes of coal. The production plan was fulfilled by 9.9%. Since the start of 2021, Ukrainian coal mining enterprises of all forms of ownership produced 7,854,517 tonnes of coal, which is 117% of the plan. iy

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