TABLE OF CONTENTS. No. Title Media Source Page

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Daily News Update Page 1

"This signing was carried out last May which was witnessed directly by the Minister of SOEs Erick Thohir, the Minister of Investment/Head of BKPM Bahlil Lahadalia, and the Director General of Mineral and Coal of the Ministry of Energy and Mineral Resources Ridwan Jamaluddin," said Hendra Wijayanto, quoting Antara, Thursday (7/10/2021).

This agreement marks the initiation of Antam's new nickel refining business ecosystem in North Konawe and North Morowali, Southeast Sulawesi and marks a new milestone for the MIND ID Group in maximizing the added value of Indonesia's nickel resources.

Hendra Wijayanto also admitted that Antam is fully committed to the implementation of good mining practices in every operation of the company.

In carrying out every mining activity, Antam always pays attention to technical aspects and standardization of mining operations and conservation of mineral resources.

In addition, it also puts forward a commitment to maintaining occupational safety and health as well as environmental protection aspects that are guided by environmental documents such as Environmental Impact Analysis Documents (AMDAL) and Post Mining Plan Documents (RPT).

Antam always strives to increase the added value of mining products on an ongoing basis and carry out operational activities in accordance with the principles of good mining practices in line with the company's mining and operations strategy and plans. Editor : Hafiyyan

Alchemist Metal adalah perusahaan yang berbasis di Singapura, sedangkan Gunbuster Nickel merupakan perusahaan China yang berkantor di Bursa Efek Indonesia.

"Penandatanganan ini dilakukan pada Mei lalu yang disaksikan langsung oleh Menteri BUMN Erick Thohir, Menteri Investasi/

Kepala BKPM Bahlil Lahadalia, dan Direktur Jenderal Mineral dan Batubara Kementerian ESDM Ridwan Jamaluddin,"

kata Hendra Wijayanto, mengutip Antara, Kamis (7/10/2021).

Perjanjian ini menandai inisiasi ekosistem bisnis pemurnian nikel baru bagi Antam di Konawe Utara dan Morowali Utara, Sulawesi Tenggara dan menjadi tonggak sejarah baru Grup MIND ID dalam me- maksimalkan nilai tambah sumber daya nikel yang dimiliki Indonesia.

Hendra Wijayanto juga mengaku bahwa Antam memiliki komitmen penuh pada implementasi good mining practices di dalam setiap kegiatan operasi perusahaan.

Dalam melaksanakan setiap kegiatan pertambangan, Antam selalu memper- hatikan aspek teknis dan standarisasi operasional pertambangan dan konservasi sumber daya mineral.

Selain itu, juga mengedepankan komitmen dalam menjaga keselamatan dan kesehatan kerja serta aspek perlindungan lingkungan yang berpedoman pada dokumen lingkungan hidup seperti Dokumen Analisis Mengenai Dampak Lingkungan (AMDAL) dan Dokumen Rencana Pasca Tambang (RPT).

Antam senantiasa berupaya meningkatkan nilai tambah produk tambang secara berkesinambungan dan melaksanakan kegiatan operasional sesuai dengan prinsip good mining practices sejalan dengan strategi serta rencana penambangan dan operasi perusahaan. Editor : Hafiyyan

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Disappointing! Coal Prices Drop 4.7%

Aldo Fernando, CNBC Indonesia

A

FTER touching the highest level since 2008 at US$ 280/ton, coal prices have slumped in the last 2 days. This correction occurred because investors began to take profit (profit taking).

According to Refinitiv data, on Thursday (7/10/2021) the price of coal in the ICE Newcastle (Australia) market fell 4.70%

compared to the previous day to US$

224.90/ton. Meanwhile, on Wednesday (6/10), coal prices 'freefall' 15.71% to US$

236/ton.

Despite the slump in the last two days, in a week the price of coal still rose 3.64%, a month rose 26.10%. Then, since the end of 2020 (year-to-date/ytd) the price of coal has skyrocketed by 175.11%.

The recent surge in coal was supported by dwindling supplies amid increasing demand due to the opening of economic activity. Rising oil and natural gas prices also affected the performance of coal, which recently recorded an all-time high price.

The increase in natural gas prices is the main factor in the surge in coal prices. As natural gas becomes more expensive, the incentive to turn to alternative primary energy sources increases. One of them is coal.

In the past week, natural gas prices at Henry Hub (Oklahoma, United States) rose 5.67%. During the past month, the increase reached 26.07% and year-to-date it skyrocketed 126.8%.

Alamak! Harga Batu Bara Longsor 4,7%

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ETELAH sempat menyentuh level tertinggi sejak 2008 di US$ 280/ton, harga batu bara ambles dalam 2 hari terakhir. Koreksi ini terjadi lantaran investor mulai melakukan aksi ambil untung (profit taking).

Menurut data Refinitiv, pada Kamis kemarin (7/10/2021) harga batu bara di pasar ICE Newcastle (Australia) anjlok 4,70%

dibandingkan hari sebelumnya ke US$

224,90/ton. Sementara, pada Rabu (6/10), harga batu bara 'terjun bebas' 15,71% ke US$

236/ton.

Kendati ambles dalam dua hari terakhir, dalam sepekan harga batu bara masih naik 3,64%, sebulan melesat 26,10%. Kemudian, sejak akhir 2020 (year-to-date/ytd) harga batu bara 'meroket' 175,11%.

Lonjakan batu bara akhir-akhir ini ditopang oleh persediaan yang menipis di tengah permintaan yang meningkat karena pembukaan aktivitas ekonomi. Naiknya harga minyak bumi dan gas alam juga mempengaruhi kinerja batu bara yang akhir-akhir ini mencatatkan rekor harga tertinggi sepanjang masa.

Kenaikan harga gas alam menjadi faktor utama lonjakan harga batu bara. Saat gas alam semakin mahal, maka insentif untuk berpaling ke sumber energi primer alternatif meningkat. Salah satunya adalah batu bara.

Dalam sepekan terakhir, harga gas alam di Henry Hub (Oklahoma, Amerika Serikat) naik 5,67%. Selama sebulan ke belakang kenaikannya mencapai 26,07% dan secara year-to-date meroket 126,8%.

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In Europe, the cost of generating electricity with natural gas is EUR 89.4/MWh on 5 October 2021. With coal, the price is only EUR 58.06/MWh. This makes coal back to being excellent, even in Europe, which upholds the issue of being environmentally friendly.

"Looking at the situation in Europe, natural gas can no longer compete with coal. As a result, the use of coal is increasing," said the study by ELS Analysis, an energy consultancy based in Sweden, as quoted by Reuters.

On the other hand, turning to China, energy demand is still high amid a shortage of supply.

"The supply shortage will persist for some time. It will take time to increase domestic production in China, which has been decreasing for the past five years. I am not optimistic. The supply shortage will last maybe until the end of the year, or even February-March next year, " said a trader in Beijing, as reported by Reuters.

China-Australia Ready for Peace?

In the midst of the energy crisis that plagued China, which made electricity turn on and off, the Chinese government had no other choice to release their Australian coal stockpile to overcome energy shortages.

"Australian coal that was stuck in Chinese ports began to be released at the end of last month. Although some of the cargo was Australian coal which was previously shipped via India," said a trader in eastern China, quoted by Reuters on Friday (8/10/2021).

The news from this trader came as a surprise as Australia-China relations have been strained for almost a year. The reason is Australia's push for...

Di Eropa, biaya pembangkitan listrik dengan gas alam adalah EUR 89,4/MWh pada 5 Oktober 2021. Dengan batu bara, harganya hanya EUR 58,06/MWh. Ini membuat batu bara kembali menjadi primadona, bahkan di Eropa yang menjunjung tinggi isu ramah lingkungan.

"Melihat situasi di Eropa, gas alam sudah tidak lagi bisa bersaing dengan batu bara.

Akibatnya, penggunaan batu bara semakin meningkat," sebut kajian ELS Analysis, konsultan energi yang berbasis di Swedia, seperti dikutip dari Reuters.

Di sisi lain, balik ke China, permintaan energi masih tinggi di tengah kekurangan pasokan.

"Kekurangan pasokan masih akan terjadi untuk beberapa waktu. Butuh waktu untuk meningkatkan produksi dalam negeri di China, yang selama lima tahun terakhir terus berkurang. Saya tidak optimistis. Kekurang- an pasokan akan bertahan mungkin sampai akhir tahun, atau bahkan hingga Februari- Maret tahun depan," sebut seorang trader di Beijing, sebagaimana diwartakan Reuters.

China-Australia Mau Damai?

Di tengah krisis energi yang mendera China yang sampai membuat listrik byar-pet, pemerintah China tidak punya pilihan lain melepas stok batu bara Australia yang mereka miliki untuk mengatasi kelangkaan energi.

"Batu bara Australia yang tertahan di pelabuhan China mulai dikeluarkan pada akhir bulan lalu. Walau beberapa kargo adalah batu bara Australia yang sebelumnya dikirim melalui India," ungkap salah seorang trader di bagian timur China, dikutip dari Reuters, Jumat ini (8/10/2021).

Kabar dari trader ini mengejutkan lantaran sudah hampir setahun hubungan Australia- China tegang. Penyebabnya adalah dorongan Australia agar...

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The reason is Australia's push for China to take responsibility for the coronavirus (Coronavirus Disease-2019/Covid-19) pandemic that has ravaged the world.

The Canberra-Beijing relationship has an impact on the trade aspect. China is reluctant to buy coal from Australia.

Whereas previously Australia was the largest coal supplier to the Panda Country.

Since the middle of last year, Chinese purchases of Australian coal have continued to decline. Last month, Australian coal entering China was only 156.18 kilo tons, down 97.46% compared to the same period in 2020 (year-on- year/yoy).

But now the situation is different. China is hit by an energy crisis because of the high price of natural gas.

In the past week, the benchmark natural gas price at Henry Hub (Oklahoma, United States) jumped 14.24%. Over the past month, the price shot up 36.97% and since the end of 2020 (year-to-date/ytd) it skyrocketed 146.44%.

Not only that, China's efforts to boost the use of renewable energy have yet to reap results. It is estimated that electricity generation using hydropower (hydropower generations) is still weak.

Therefore, China has turned to coal as a primary energy source.

This month, Refinitiv estimated that 10.5 million metric tons of coal would be needed to cover the shortfall in hydropower generations. In November and December 2021, the demand is estimated at 4.5 million metric tons and 3.8 million metric tons, respectively.

This need cannot be met by domestic production. The surge in China's coal imports is inevitable.

Penyebabnya adalah dorongan Australia agar China bertanggung jawab atas pandemi virus corona (Coronavirus Disease-2019/

Covid-19) yang membuat dunia porak- poranda.

Hubungan Canberra-Beijing itu berdampak ke aspek perdagangan. China ogah membeli batu bara dari Australia. Padahal sebelumnya Australia adalah pemasok batu bara terbesar ke Negeri Panda.

Sejak pertengahan tahun lalu, pembelian batu bara Australia oleh China terus berkurang. Bulan lalu, batu bara Australia yang masuk ke China tinggal 156,18 kilo ton, anjlok 97,46% dibandingkan periode yang sama pada 2020 (year-on-year/yoy).

Namun sekarang situasinya berbeda. China dilanda krisis energi karena mahalnya harga gas alam.

Dalam sepekan terakhir, harga gas alam acuan di Henry Hub (Oklahoma, Amerika Serikat) melonjak 14,24%. Selama sebulan terakhir, harga melesat 36,97% dan sejak akhir 2020 (year-to-date/ytd) meroket 146,44%.

Tidak hanya itu, upaya China untuk menggenjot penggunaan energi terbarukan pun belum menuai hasil. Pembangkitan listrik menggunakan tenaga air (hydropower generations) diperkirakan masih lemah.

Oleh karena itu, China kembali berpaling ke batu bara sebagai sumber energi primer.

Bulan ini, Refinitiv memperkirakan 10,5 juta metrik ton batu bara dibutuhkan untuk me- nutup kekurangan hydro-power generations. Pada November dan Desember 2021, kebutuhannya diperkirakan masing-masing 4,5 juta metrik ton dan 3,8 juta metrik ton.

Kebutuhan itu tidak bisa dipenuhi oleh produksi dalam negeri. Lonjakan impor batu bara China tidak bisa dihindari.

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In September 2021, Refinitiv noted that China's coal imports reached 21.98 million tons, up 34.5% yoy. CNBC INDONESIA RESEARCH TEAM (adf/adf)

Pada September 2021, Refinitiv mencatat impor batu bara China mencapai 21,98 juta ton, melonjak 34,5% yoy. TIM RISET CNBC INDONESIA (adf/adf)

The government is asked to immediately settle the difference in the calculation of

nickel levels by surveyors

Reporter: Filemon Agung | Editor: Anna Suci Perwitasari

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HE DPR RI urges the government to reorganize the domestic nickel industry.

The rearrangement is related to the chaotic cross of differences in the calculation of nickel content to be supplied to the processing and refining plant (smelter).

Deputy Chairman of Commission VII DPR, Eddy Soeparno said that his party had formed a working committee (Panja) to discuss the resolution of the polemic of differences in nickel content counts that harmed domestic nickel entrepreneurs.

"We at Commission VII have completed the working committee related to the nickel polemic. The committee has produced recommendations to the Ministry of EMR.

Therefore, the Ministry of EMR must immediately follow up," said Eddy to Kontan.co.id, Wednesday (6/10).

For information, there is currently a chaotic situation between nickel entrepreneurs and smelter owners regarding the mineral benchmark price, aka HPM.

This happened because of the difference in the calculation of nickel content at the loading port and unloading port.

Pemerintah diminta segera tuntaskan perbedaan hitungan

kadar nikel oleh surveyor

Reporter: Filemon Agung | Editor: Anna Suci Perwitasari

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PR RI mendesak pemerintah untuk melakukan penataan ulang industri nikel di dalam negeri. Penataan ulang tersebut berkaitan dengan silang sengkarut perbedaan hitungan kadar nikel yang akan dipasok ke pabrik pengolahan dan pemurnian (smelter).

Wakil Ketua Komisi VII DPR, Eddy Soeparno mengatakan, pihaknya sudah membentuk Panitia kerja (Panja) untuk membahas mengenai penyelesaian polemik perbedaan hitungan kadar nikel yang merugikan pengusaha nikel dalam negeri.

“Kami di Komisi VII sudah menyelesaikan panja terkait polemik nikel tersebut. Panja tersebut sudah menghasilkan rekomendasi ke Kementerian ESDM. Maka dari itu harus segera ditinjak lanjuti oleh Kementerian ESDM,” ujar Eddy kepada Kontan.co.id, Rabu (6/10).

Sebagai informasi, saat ini terjadi kisruh antara pengusaha nikel dengan pemilik smelter berkenaan dengan harga patokan mineral alias HPM. Hal itu terjadi lantaran adanya perbedaan hitungan kandungan nikel di pelabuhan muat dan pelabuhan bongkar.

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The difference in the calculation occurred because the smelter company in Indonesia Morowali Industrial Park appointed one surveyor, namely Anindya Wiraputra Konsult. In fact, if you refer to the data from the Ministry of EMR, there are currently four surveyors to verify nickel, namely Surveyor Indonesia, Anindya, Sucofindo, and Carsurin.

"What we know is that nickel smelters perform different calculations with existing surveyors or they can even be below 1.8% Ni or reach 1.5% Ni. Whereas previously, after calculating the levels by surveyors, it was in accordance with the Ni content of 1.8%," explained Eddy.

Therefore, the results of the Panja Commission VII recommend that there be an arrangement of surveyors to be able to carry out their duties consistently. "Even in our findings there are surveyors who have not been certified," said Eddy.

Previously, Member of Commission VI of the DPR, Andre Rosiade, assessed the existence of a survey monopoly in the smelter circle. It was even found that the nickel businessmen's friends were threatened with being blacklisted by the smelters.

“In the past, surveys in smelters required using Intertek and then there was a problem and then it was replaced with Anindya. For that we have also reported this to the Ministry of Trade and the Ministry of Investment," said Andre.

To encourage the resolution of this polemic, Commission VI and Commission VII will immediately invite the Minister of Trade, Minister of EMR, Minister of Industry and Minister of Investment to hold a joint meeting to find existing solutions.

Perbedaan hitungan itu terjadi karena pihak perusahaan smelter yang berada di Indonesia Morowali Industrial Park menunjuk satu surveyor, yakni Anindya Wiraputra Konsult. Padahal jika merujuk pada data di Kementerian ESDM, saat ini sudah ada empat surveyor untuk mem- verifikasi nikel, yakni Surveyor Indonesia, Anindya, Sucofindo, dan Carsurin.

“Yang kami ketahui, smelter nikel melakukan perhitungan berbeda dengan surveyor yang ada atau berbeda bahkan bisa di bawah Ni 1,8% atau mencapai Ni 1,5%.

Padahal sebelumnya setelah dilakukan hitungan kadar oleh surveyor sudah sesuai dengan kadar Ni 1,8%,” terang Eddy.

Maka dari itu, hasil Panja Komisi VII merekomendasikan supaya ada penataan surveyor untuk bisa melaksanakan tugas- nya secara konsekuen. “Bahkan dalam temuan kami ada surveyor yang belum bersertifikasi,” ungkap eddy.

Sebelumnya, Anggota Komisi VI DPR, Andre Rosiade menilai adanya dugaan monopoli survei dalam lingkaran smelter.

Bahkan ditemukan data bahwa teman- teman pengusaha nikel terancam di blacklist oleh smelter.

“Kalau dulu survei di smelter mengharus- kan pakai Intertek dan kemudian ber- masalah lalu diganti dengan Anindya.

Untuk itu kami juga sudah melaporkan hal ini ke Kementerian Perdagangan dan Kementerian Investasi,” kata Andre.

Untuk mendorong penyelesaian polemik ini, Komisi VI dan Komisi VII akan segera mengundang Menteri Perdagangan, Menteri ESDM, Menteri Perindustrian dan Menteri Investasi untuk membuat rapat gabungan demi mencari solusi yang ada.

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"This is to save the fate of our national entrepreneurs and ensure that our Natural Resources (SDA) are beneficial and beneficial to the Indonesian people, not to foreign interests," concluded Andre.

“Ini untuk menyelamatkan nasib pengusaha nasional kita dan memastikan Sumber Daya Alam (SDA) kita bermanfaat dan mengun- tungkan rakyat Indonesia, bukan mengun- tungkan kepentingan asing,” pungkas Andre.

ITMG's Second Hybrid Solar Power Plant Ready to Operate

in 2022

Author: Rayful Mudassir

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T INDO Tambangraya Megah Tbk.

(ITMG) plans to build a hybrid solar power plant (PLTS) at the port owned by a subsidiary of PT. Trubaindo Coal Mining in West Kutai, East Kalimantan in 2022.

Director of Corporate Communications &

Investor Relations of Indo Tambangraya Megah Yulius Gozali said that this hybrid solar power plant was built in the Melak area. It is hoped that the project will be able to deliver electricity by 2022.

"We will continue to expand our business to solar and hydropower projects in the future," he told Bisnis, Thursday (7/10/

2021).

The project will be the second PLTS owned by ITMG. The first hybrid solar power plant has been built by a subsidiary of ITMG, namely PT Indominco Mandiri (IMM) at the Bontang site.

The PLTS has a capacity of 3 MW with a storage energy of 2 MW. The PLTS provides a reliable energy supply for Bontang Port, as well as saving fuel and reducing maintenance costs at the port.

Another project being explored is the installation of solar rooftops for industrial areas. The company is also...

PLTS Hibrida Kedua ITMG Siap Beroperasi di 2022

Author: Rayful Mudassir

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T INDO Tambangraya Megah Tbk.

(ITMG) merencanakan pembangunan pembangkit listrik tenaga surya (PLTS) hibrida pada pelabuhan milik anak usaha PT.

Trubaindo Coal Mining di Kutai Barat, Kalimantan Timur pada 2022.

Direktur Komunikasi Korporat & Hubungan Investor Indo Tambangraya Megah Yulius Gozali mengatakan bahwa PLTS hibrida ini dibangun di daerah Melak. Diharapkan proyek itu dapat menyalurkan listrik pada 2022.

“Kami akan terus memperluas bisnis ke proyek pembangkit listrik tenaga surya dan air di masa depan,” katanya kepada Bisnis, Kamis (7/10/2021).

Proyek tersebut akan menjadi PLTS kedua yang dimiliki ITMG. PLTS hibrida pertama telah dibangun oleh anak usaha ITMG, yakni PT Indominco Mandiri (IMM) di Bontang site. PLTS tersebut berkapasitas 3 MW dengan energi simpanan berkapasitas 2 MW.

PLTS itu memberikan pasokan energi yang andal untuk Pelabuhan Bontang, serta menghemat bahan bakar dan mengurangi biaya perawatan di pelabuhan.

Proyek lainnya yang sedang dijajaki adalah pemasangan solar rooftop untuk kawasan industri. Perusahaan juga...

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The company is also conducting a coal gasification feasibility study to support the government's plan to increase the coal downstream program in the coal industry.

"We believe the renewable energy business will support ITMG's new vision to become a greener and smarter company, as well as improve energy management and reduce company costs in the future,"

he explained.

On the other hand, during the first half of 2021, the company recorded an average coal price of US$ 74.7 per ton, up 34 percent from US$ 55.7 per metric ton on an annual basis with a total sales volume of 9.0 million tons.

Net sales were recorded at US$676 million in the first half, while gross profit margin rose 18 percent from the first half of last year, to 34 percent in the first half of this year.

The significant increase in average selling price coupled with disciplined cost control has resulted in strong cash flow to the company.

Meanwhile, from the sales target volume of 21.5–22.4 million tons in 2021, ITMG has also secured 79 percent of sales contracts.

As many as 56 percent of the selling price has been determined, 24 percent refers to the coal price index, and 21 percent has not been sold.

Throughout the first semester of 2021, it has sold 9.0 million tons of coal which includes China (2.7 million tons), Indonesia (1.7 million tons), Japan (1.4 million tons), the Philippines (0.7 million tons), Thailand (0.7 million tons), and other countries in East and Southeast Asia. Editor : Lili Sunardi

Perusahaan juga tengah melakukan studi kelayakan gasifikasi batu bara untuk mendukung rencana pemerintah dalam meningkatkan program hilirisasi batu bara di industri batu bara.

“Kami percaya bisnis energi terbarukan akan menyokong visi baru ITMG untuk menjadi perusahaan yang lebih hijau dan lebih cerdas, serta meningkatkan mana- jemen energi dan mengurangi biaya perusahaan di masa depan,” terangnya.

Di sisi lain, sepanjang paruh pertama 2021, perusahaan mencatat perolehan rata-rata harga batu bara sebesar US$74,7 per ton, naik 34 persen dari US$ 55,7 per metrik ton secara tahunan dengan total volume penjualan 9,0 juta ton.

Penjualan bersih tercatat sebesar US$676 juta pada paruh pertama, sedangkan marjin laba kotor naik 18 persen dari paruh pertama tahun lalu, menjadi 34 persen pada semester pertama tahun ini.

Kenaikan harga jual rata-rata yang signifikan ditambah dengan kontrol biaya yang disiplin telah menghasilkan arus kas yang kuat terhadap perusahaan.

Sementara itu, dari volume target penjualan 21,5–22,4 juta ton pada 2021, ITMG juga telah mendapatkan 79 persen kontrak penjualan.

Sebanyak 56 persen harga jualnya telah ditetapkan, 24 persen mengacu pada indeks harga batu bara, serta 21 persen belum terjual.

Sepanjang semester I/2021 telah menjual 9,0 juta ton batu bara yang meliputi Tiongkok (2,7 juta ton), Indonesia (1,7 juta ton), Jepang (1,4 juta ton), Filipina (0,7 juta ton), Thailand (0,7 juta ton), dan negara- negara lain di Asia Timur dan Tenggara.

Editor : Lili Sunardi

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Darma Henwa (DEWA) established a new subsidiary,

PT Darma Reka Teknik

Reporter: Sugeng Adji Soenarso | Editor:

Handoyo

P

T DARMA Henwa Tbk (DEWA) announced with its subsidiary, PT Dire Pratama to establish a new subsidiary, PT Darma Reka Teknik (DRT).

DEWA's Corporate Secretary, Mukson Arif Rosyidi, said that in the new company, DEWA owns 99.99% of shares and PT Dire Pratama owns 0.01% of shares. He continued, the purpose of establishing the new subsidiary is to develop DEWA's business sector outside the coal mining contractor service sector.

"The purpose and objective of DRT is to work in the field of repairing machines for special purposes and repairing machines for general purposes," he wrote in an information disclosure on the Indonesia Stock Exchange, Thursday (7/10).

The establishment of this new subsidiary is also a step for DEWA's business diversifi- cation to strengthen its business structure and increase added value in the future. This is because, as a subsidiary, the company will get a large enough opportunity to develop a machine repair business for special needs and machine repair for general purposes in the territory of Indonesia.

On the other hand, it will also improve the company's financial performance with additional income from engine repair activities. "The establishment of DRT will have an impact on the company's financial performance when the company operates,"

he added.

Darma Henwa (DEWA) mendirikan anak usaha baru,

PT Darma Reka Teknik

Reporter: Sugeng Adji Soenarso | Editor:

Handoyo

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T DARMA Henwa Tbk (DEWA) meng- umumkan bersama anak usahanya, PT Dire Pratama mendirikan anak usaha baru, PT Darma Reka Teknik (DRT).

Sekretaris Perusahaan DEWA, Mukson Arif Rosyidi menuturkan dalam perusahaan baru tersebut, DEWA memiliki 99,99% saham dan PT Dire Pratama memiliki 0,01% saham.

Lanjutnya, tujuan pendirian anak usaha baru tersebut adalah untuk pengembangan bidang usaha DEWA di luar bidang jasa kontraktor pertambangan batubara.

"Maksud dan tujuan DRT adalah berusaha dalam bidang reparasi mesin untuk keperluan khusus dan reparasi mesin untuk keperluan umum," tulisnya dalam keter- bukaan informasi Bursa Efek Indonesia, Kamis (7/10).

Pendirian anak usaha baru ini juga sebagai langkah diversifikasi usaha DEWA untuk dapat memperkuat struktur bisnis dan meningkatkan nilai tambah di masa yang akan datang. Sebab, sebagai anak usaha perusahaan akan mendapatkan peluang yang cukup besar untuk pengembangan usaha reparasi mesin untuk keperluan khusus dan reparasi mesin untuk keperluan umum di wilayah Indonesia.

Di sisi lain, juga akan meningkatkan kinerja keuangan perusahaan dengan adanya tambahan pendapatan dari kegiatan reparasi mesin. "Pendirian DRT akan berdampak pada kinerja keuangan perusahaan pada saat perusahaan tersebut beroperasi," imbuhnya.

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Coal PLTU Will Be Subject to Carbon Tax in 2022

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HE GOVERNMENT will implement a carbon tax aimed at reducing greenhouse emissions. This step also encourages technological innovation and investments that are more efficient, low-carbon and environmentally friendly.

Minister of Law and Human Rights Yasonna Laoly explained, "This carbon tax is Indonesia's commitment to reduce emissions by 29 percent on its own and 41 percent with international support until 2030.

"The imposition of a new tax in the form of a carbon tax is the imposition of a tax to restore the environment," Yasonna said in a plenary session at the DPR RI, Jakarta, Thursday (7/10/2021).

The implementation of the carbon tax will be implemented in stages and aligned with carbon trading as part of the green economy roadmap. This is done to minimize the impact on the business world but still be able to play a role in reducing carbon emissions.

"The implementation of the carbon tax will be carried out in stages," he said.

In the early stages, starting in 2022, a carbon tax will be applied to the coal-fired power plant sector using a tax mechanism based on the emission limit (cap and tax).

The imposition of a tariff of Rp. 30 per kilogram of carbon dioxide equivalent (CO2e) is applied to the amount of emissions that exceed the stipulated cap.

PLTU Batu Bara Bakal Kena Pajak Karbon di 2022

P

EMERINTAH akan menerapkan pajak karbon yang bertujuan untuk menurunkan emisi rumah kaca. Langkah ini juga mendorong inovasi teknologi dan investasi yang lebih efisien rendah karbon dan ramah lingkungan.

Menteri Hukum dan HAM Yasonna Laoly menjelaskan, Pajak karbon ini sebagai komitmen Indonesia untuk menurunkan emisi 29 persen dengan kemampuan sendiri dan 41 persen dengan dukungan internasional hingga 2030.

"Pengenaan pajak baru berupa pajak karbon yaitu pengenaan pajak untuk memulihkan lingkungan," kata Yasonna dalam Sidang Paripurna di DPR RI, Jakarta, Kamis (7/10/2021).

Penerapan pajak karbon akan dijalankan secara bertahap dan diselaraskan dengan carbon trading sebagai bagian dari peta jalan ekonomi hijau. Hal ini dilakukan untuk meminimalisir dampaknya terhadap dunia usaha namun tetap mampu berperan dalam penurunan emisi karbon.

"Penerapan pajak karbon akan dilakukan secara bertahap," kata dia.

Pada tahap awal, mulai tahun 2022, pajak karbon akan diterapkan pada sektor Pembangkit Listrik Tenaga Uap (PLTU) batu bara dengan menggunakan meka- nisme pajak yang mendasarkan pada batas emisi (cap and tax).

Adapun pengenaan tarifnya yakni Rp 30 per kilogram karbon dioksida ekuivalen (CO2e) diterapkan pada jumlah emisi yang melebihi cap yang ditetapkan.

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Yasonna said the imposition of this tax is a strong signal for the government to encourage the development of the carbon market. Apart from that, it also opens up opportunities for technological innovations and investments that are more efficient, low-carbon and environmentally friendly.

"The imposition of a carbon tax is a strong signal that will encourage the development of the carbon market," he said. Reporter:

Anisyah Al Faqir, Source: Merdeka.com

Yasonna mengatakan pengenaan pajak ini menjadi sinyal kuat pemerintah dalam mendorong perkembangan pasar karbon.

Selain itu membuka peluang juga bagi inovasi teknologi dan investasi yang lebih efisien rendah karbon dan ramah lingkungan.

"Pengenaan pajak karbon merupakan sinyal kuat yang akan mendorong perkembangan pasar karbon," kata dia. Reporter:

Anisyah Al Faqir, Sumber: Merdeka.com

Beating Coal Prices, This Asset Soared 220% in Just One Week!

C

OAL prices have skyrocketed this year.

The increase had broken the highest record since 2008 at US$ 280/ton on Tuesday (5/10/2021). It seems, there is no other commodity whose price has increased as sharply as the black stone.

After touching US$ 280/ton, coal prices 'freefall' as investors took profit.

On Wednesday (6/10), the price of coal on the ICE Newcastle (Australia) market fell 15.71% to US$ 236/ton compared to the previous day. Meanwhile, on Thursday (7/10), the price of coal fell 4.70% to US$

224.90/ton.

Despite the sinking in the last 2 days, in a week the price of coal still rose 3.64%, a month rose 26.10%. Then, since the end of 2020 (year-to-date/ytd) the price of coal has skyrocketed by 175.11%.

Ngalahin Harga Batu Bara, Aset Ini Meroket 220% Cuma

Sepekan!

H

ARGA batu bara melonjak luar biasa sepanjang tahun ini. Kenaikannya sempat memecahkan rekor tertinggi sejak 2008 di posisi US$ 280/ton pada Selasa (5/10/

2021). Rasanya, tidak ada komoditas lain yang mengalami kenaikan harga setajam si batu hitam.

Setelah menyentuh US$ 280/ton, harga batu bara 'terjun bebas' seiring adanya aksi ambil untung (profit taking) para investor.

Pada Rabu (6/10), harga batu bara di pasar ICE Newcastle (Australia) anjlok 15,71% ke US$ 236/ton dibandingkan hari sebelumnya. Sementara, pada Kamis kemarin (7/10), harga batu bara ambles 4,70% ke US$

224,90/ton.

Kendati ambles dalam 2 hari terakhir, dalam sepekan harga batu bara masih naik 3,64%, sebulan melesat 26,10%. Kemudian, sejak akhir 2020 (year-to-date/ytd) harga batu bara 'meroket' 175,11%.

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The recent surge in coal was supported by dwindling supplies amid increasing demand due to the opening of economic activity.

Rising oil and natural gas prices also affected the performance of coal, which recently recorded an all-time high price.

The increase in natural gas prices, indeed, is the main factor in the surge in coal prices.

As natural gas becomes more expensive, the incentive to turn to alternative primary energy sources increases. One of them is coal.

In the past week, natural gas prices at Henry Hub (Oklahoma, United States) rose 5.67%.

During the past month, the increase reached 26.07% and year-to-date it skyrocketed 126.8%.

In Europe, the cost of generating electricity with natural gas is EUR 89.4/MWh on 5 October 2021. With coal, the price is only EUR 58.06/MWh. This makes coal back to being excellent, even in Europe, which upholds the issue of being environmentally friendly.

"Looking at the situation in Europe, natural gas can no longer compete with coal. As a result, the use of coal is increasing," said the study by ELS Analysis, an energy consultancy based in Sweden, as quoted by Reuters.

Moreover, currently a number of countries in the world are being hit by energy ahead of this year's winter.

Scarcity of supply and rising gas prices, rising tariffs and even power outages, and the difficulty of getting fuel oil (BBM) are some of the reasons.

Based on a compilation of reports from CNBC International, there are at least three countries in the world that are experiencing this, namely the UK, China and India. Some secure commodities, such as coal, for the continuity of their citizens' electricity.

Lonjakan batu bara akhir-akhir ini ditopang oleh persediaan yang menipis di tengah permintaan yang meningkat karena pembukaan aktivitas ekonomi. Naiknya harga minyak bumi dan gas alam juga mempengaruhi kinerja batu bara yang akhir-akhir ini mencatatkan rekor harga tertinggi sepanjang masa.

Kenaikan harga gas alam, memang, menjadi faktor utama lonjakan harga batu bara. Saat gas alam semakin mahal, maka insentif untuk berpaling ke sumber energi primer alternatif meningkat. Salah satunya adalah batu bara.

Dalam sepekan terakhir, harga gas alam di Henry Hub (Oklahoma, Amerika Serikat) naik 5,67%. Selama sebulan ke belakang kenaikannya mencapai 26,07% dan secara year-to-date meroket 126,8%.

Di Eropa, biaya pembangkitan listrik dengan gas alam adalah EUR 89,4/MWh pada 5 Oktober 2021. Dengan batu bara, harganya hanya EUR 58,06/MWh. Ini membuat batu bara kembali menjadi primadona, bahkan di Eropa yang menjunjung tinggi isu ramah lingkungan.

"Melihat situasi di Eropa, gas alam sudah tidak lagi bisa bersaing dengan batu bara.

Akibatnya, penggunaan batu bara semakin meningkat," sebut kajian ELS Analysis, konsultan energi yang berbasis di Swedia, seperti dikutip dari Reuters.

Apalagi, saat ini sejumlah negara di dunia sedang dilanda energi menjelang musim dingin tahun ini.

Kelangkaan pasokan dan naiknya harga gas, naiknya tarif bahkan padamnya listrik, serta sulitnya mendapatkan bahan bakar minyak (BBM) menjadi beberapa alasannya.

Berdasarkan kompilasi pemberitaan CNBC International, setidaknya ada tiga negara di dunia yang sedang mengalami hal tersebut, yakni Inggris, China, India. Beberapa meng- amankan komoditas, seperti batu bara, untuk kelangsungan listrik warganya.

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Then, what assets can beat the surge in coal prices this year?

The Story of a Crypto Coin bearing the Japanese Dog Logo

However, the phenomenal increase in coal turns out to be nothing when compared to the rising rally of one of the crypto asset coins (cryptocurrency), Shiba Inu (SHIB).

If coal takes all of 2021 to soar up to 230%

(when at the level of US 280/ton), the Shiba Inu crypto token only takes a week to soar up to 319% (as of last Thursday, 16.04 WIB).

Inevitably, the SHIB coin became the top gainers for the week, according to Coinmarketcap.com data. With a surge of more than 300%, SHIB has climbed to the list of 17 crypto coins with the largest market cap.

However, just a note, like the price of coal, the price of the coin with the dog logo from Japan is currently experiencing profit- taking. This morning, Friday (8/10), at 7.45 WIB, the Shiba coin sank 17.56% to US$

0.00002342 compared to the previous day.

Meanwhile, in the last 7 days the SHIBA coin rose 226.55%.

Previously, the coin dubbed the "killer Dogecoin" -- another meme coin that also depicts a shiba inu dog -- suddenly shot up in trading last Wednesday. This comes after Tesla electric car boss Elon Musk posted a photo of Shinu Iba's dog as a new member of his family on Twitter.

The photo shows a Shiba Inu dog named Floki sitting in a Tesla. Earlier in September Elon Musk announced a new member of his family.

The dog breed has indeed become the mascot of the cryptocurrency Dogecoin.

Elon Musk is also referred to as DogeFather by netizens.

Lalu, aset apa yang bisa mengalahkan lonjakan harga batu bara sepanjang tahun ini?

Kisah Koin Kripto Berlogo Anjing Jepang Namun, kenaikan fenomenal batu bara ternyata masih belum ada apa-apanya apabila dibandingkan dengan reli kenaikan salah satu koin aset kripto (cryptocurrency), Shiba Inu (SHIB).

Apabila batu bara membutuhkan waktu sepanjang 2021 untuk melonjak hingga 230%

(ketika di level US 280/ton), token kripto Shiba Inu hanya membutuhkan waktu sepekan untuk melonjak hingga 319% (per Kamis kemarin, pukul 16.04 WIB).

Tak pelak lagi, koin SHIB menjadi top gainers selama sepekan, mengacu pada data Coinmarketcap.com. Dengan lonjakan hingga lebih 300% tersebut, SHIB merangsek hingga ke daftar 17 koin kripto dengan nilai kapitali- sasi pasar (market cap) terbesar.

Namun, catatan saja, seperti harga batu bara, harga koin berlogo anjing asal Jepang ini sedang mengalami aksi profit taking. Pada pagi ini, Jumat (8/10), pukul 7.45 WIB, koin Shiba ambles 17,56% ke US$ 0,00002342 dibandingkan hari sebelumnya. Sementara, dalam 7 hari terakhir koin SHIBA melesat 226,55%.

Sebelumnya, koin yang dijuluki "pembunuh Dogecoin" --koin meme lainnya yang juga bergambar anjing shiba inu -- tiba-tiba melesat kencang pada perdagangan Rabu lalu. Hal ini terjadi setelah bos mobil listrik Tesla Elon Musk mengunggah foto anjing Shinu Iba sebagai anggota baru keluarganya di Twitter.

Foto itu memperlihatkan anjing Shiba Inu bernama Floki duduk di Tesla. Sebelumnya pada September lalu Elon Musk mengumum- kan anggota baru keluarganya.

Jenis anjing itu memang menjadi maskot uang kripto Dogecoin. Elon Musk juga disebut sebagai DogeFather oleh netizen.

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Shortly after the upload, its value increased 55% to US$0.00001312. Volume jumped sharply to 770% in just one day, quoted by the Economic Times, Wednesday (6/10).

But this price spike happened not only because of Elon Musk. But the Shiba Inu team seems to be building a project, said Ishan Arora, Partner of Tykhe Block Ventures.

"But it started out as a meme coin without a use case but was changed because the team seems to be working on certain things like a decentralized exchange," he said.

Not only Shiba Inu, other meme tokens also experienced a surge at that time. For example Husky as much as 140% and Shiba Cash 75%, other 'dog' tokens Akita Inu, Baby Doug, Doggy, Kishu Inu and Pitbull also rally between 15-35%.

Meanwhile, Friday (8/10) this morning, the price of the mother of all crypto coins, Bitcoin, has now reached US$ 54,163/coin and penetrated the market cap value of US$

1.01 trillion. Bitcoin price is down 1.10%

compared to the previous day and is up 24.47% in the week.

Just so you know, the SHIB token was created in August 2021 by a person with the pseudonym Ryoshi. Shiba Inu, which is based on Ethereum, is trying to rival the Srypt-based Dogecoin mining algorithm system.

On September 17, 2021, the largest crypto exchange in the United States (US) Coinbase included Shiba Inu on their platform. Along with that, the Shiba Inu coin surged 40% and made this coin return to the attention of many other crypto investors. CNBC INDONESIA RESEARCH TEAM (adf/adf)

Tak lama setelah unggahan tersebut, nilai- nya meningkat 55% menjadi US$

0,00001312. Volume melonjak tajam hingga 770% hanya dalam waktu satu hari saja, dikutip Economic Times, Rabu (6/10).

Namun lonjakan harga ini terjadi bukan hanya karena Elon Musk. Namun tim Shiba Inu nampaknya sedang membangun sebuah proyek, ungkap Ishan Arora, Partner Tykhe Block Ventures.

"Namun itu dimulai sebagai koin meme tanpa use case (kasus penggunaan) namun diubah karena tim nampaknya sedang mengerjakan hal-hal tertentu seperti pertukaran terdesentralisasi," kata dia.

Bukan hanya Shiba Inu, token meme lain juga saat itu mengalami lonjakan. Misalnya Husky sebanyak 140% dan Shiba Cash 75%, token 'anjing' lainnya Akita Inu, Baby Doug, Doggy, Kishu Inu dan Pitbull juga reli antara 15-35%.

Sementara, Jumat (8/10) pagi ini, harga ibu dari segala koin kripto, Bitcoin, saat ini sudah mencapai US$ 54.163/koin dan menembus nilai market cap US$ 1,01 triliun. Harga Bitcoin turun 1,10% dibandingkan sehari sebelumnya dan melesat 24,47% dalam sepekan.

Asal tahu saja, token SHIB dibuat pada Agustus 2021 oleh sosok dengan pseudonim Ryoshi. Shiba Inu, yang berbasis Ethereum, mencoba menyaingi sistem algoritma penambangan Dogecoin yang berbasis Srypt.

Pada 17 September 2021, bursa kripto terbesar di Amerika Serikat (AS) Coinbase memasukkan Shiba Inu ke platform mereka. Sejurus dengan itu, koin Shiba Inu melonjak 40% dan membuat koin ini kembali dilirik banyak investor kripto lainnya. TIM RISET CNBC INDONESIA (adf/adf)

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Seeing the World's Second Largest Tin Mining Activity in

Bangka Belitung

Author: Edo Fernando, Editor: Ocky PR.

T

IN is one of the mineral wealth stored in the bowels of the country. Tin Indonesia has been named as one of the largest international tin producers. This assumption received recognition from the United States geological survey agency, which listed Indonesia as the second largest tin producer in the world.

The abundant tin content is scattered in a number of points throughout the country.

This is partly due to the position of Indonesia which is passed by the tin route which is then called the Tin Belt. The route is known to have started from Thailand, then followed Malaysia, which then ended in the Bangka Belitung Islands.

Therefore, PT Timah then established its headquarters in Bangka Belitung, and was later appointed as an exporter of Indonesian tin. Meanwhile, PT Timah is known to have a number of mining sites located in Bangka Belitung, Riau Islands to Riau Province. For information, PT Timah is a combination of three Dutch companies.

One of the mines owned by PT Timah is located in Muntok, West Bangka Regency, Bangka Belitung Islands, which was later used as a headquarters by the company.

The mining process activities carried out there are onshore and offshore mining, or at sea and on land. For mining at sea, the company uses suction vessel technology.

Melihat Aktivitas Tambang Timah Terbesar Kedua Dunia di

Bangka Belitung

Penulis: Edo Fernando, Editor: Ocky PR.

T

IMAH menjadi salah satu kekayaan mineral yang tersimpan di perut tanah air. Timah Indonesia telah dinobatkan sebagai salah satu penghasil timah terbesar internasional.

Anggapan itu mendapatkan pengakuan dari badan survei geologi Amerika Serikat, yang mencatatkan Indonesia sebagai negara kedua penghasil timah terbesar di dunia.

Kandungan timah yang sangat melimpah itu tersebar di sejumlah titik di penjuru negeri.

Hal ini salah satunya disebabkan oleh posisi Indonesia yang dilewati oleh jalur timah yang kemudian disebut dengan Tin Belt.

Jalur tersebut diketahui berawal dari Thailand, kemudian menyusuri Malaysia, yang kemudian berakhir di Kepulauan Bangka Belitung.

Oleh karena itu, PT Timah kemudian mendirikan markas besarnya di Bangka Belitung, dan kemudian ditunjuk sebagai eksportir timah Indonesia. Adapun, PT Timah diketahui memiliki sejumlah situs pertambangan yang lokasinya berada di Bangka Belitung, Kepulauan Riau sampai dengan Provinsi Riau. Sebagai informasi, PT Timah adalah gabungan dari tiga perusahaan Belanda.

Salah satu tambang milik PT Timah itu adalah yang berlokasi di Muntok, Kabupaten Bangka Barat, Kepulauan Bangka Belitung, yang kemudian dijadikan markas oleh perusahaan. Kegiatan proses penambangan yang dilakukan di sana adalah penambangan onshore dan offshore, atau di laut dan di darat. Untuk penambangan di laut, perusahaan menggunakan teknologi kapal isap.

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In its mining activities, especially in the operation of suction vessels, PT Timah embraces the community around the mining site. The company cooperates with the community, both small and large scale.

After extracting raw tin from the bowels of the earth, the next process is separation and washing. To bring the extract to the mineral refining site, PT Timah transports it using a large tonnage vessel.

The tin sands and other mineral content that have been collected are then processed, and produced in the form of sand with a grade between 65% to 72%, which will then be taken to the smelter.

As for processing tin ore to make metal, the process is divided into three stages. The first is the concentration stage, which separates tin ore with Sn content of 20% to 30% from other mineral content. The lead content is increased up to 72% to 74%. To produce quality tin, a high tin content is required so that the subsequent smelting process can be maximized.

In the smelting process in the second stage, the tin ore concentrate will be reduced using very high temperatures. It is known, the targeted temperature can reach 900 degrees Celsius. The smelting process is also divided into two stages. The first is the smelting process to produce crude tin and slag. The second stage of smelting will reduce slag from the first smelting to produce SnFe or hardheard compounds. At the smelting location, the tin produced will be further improved, so that the specifications are in accordance with market demand.

The last stage is the purification process.

The tin from the smelting will be purified again using kettle refining, eutectic refining and electrolytic refining technologies. This refining process...

Dalam kegiatan penambangannya, khususnya dalam pengoperasian kapal isap, PT Timah merangkul masyarakat yang berada di sekitar lokasi penambangan. Perusahaan menggan- deng masyarakat baik itu skala kecil maupun skala besar.

Setelah melakukan ekstraksi timah mentah dari dalam perut bumi, proses yang dilakukan berikutnya adalah pemisahan dan pencucian.

Untuk membawa hasil ekstraksi ke tempat pemurnian mineral, PT Timah mengangkutnya dengan menggunakan kapal bertonase besar.

Pasir2 timah dan kandungan mineral lainnya yang sudah dikumpulkan kemudian diproses, dan dihasilkan dalam bentuk pasir dengan kadar antara 65% sampai dengan 72%, yang selanjutnya akan dibawa ke tempat peleburan.

Adapun dalam pengolahan bijih timah untuk dijadikan logam, prosesnya dibagi dalam tiga tahapan. Pertama adalah tahap konsentrasi, yang memisahkan bijih timah dengan kadar Sn 20% sampai 30% dari kandungan mineral lainnya. Kadar timah ditingkat hingga 72%

sampai 74%. Untuk menghasilkan timah yang berkualitas, dibutuhkan kadar timah yang tinggi agar proses peleburan selanjutnya bisa maksimal.

Dalam proses peleburan di tahap kedua, konsentrat bijih timah akan direduksi dengan menggunakan suhu yang sangat tinggi.

Diketahui, suhu yang ditargetkan bisa mencapai 900 derajat celcius. Proses peleburan pun juga dibagi dalam dua tahapan. Pertama proses peleburan untuk menghasilkan timah kasar (crude tin) dan juga terak 1 (slag). Peleburan tahap kedua akan mereduksi slag dari hasil peleburan pertama untuk menghasilkan senyawa SnFe atau hardheard. Di lokasi peleburan itu, timah-timah yang dihasilkan akan kembali ditingkatkan lagi, agar spesifikasi- nya sesuai dengan permintaan pasar.

Tahapan terakhir adalah proses pemurnian.

Timah dari hasil peleburan akan kembali dimurnikan dengan teknologi kettle refining, eutectic refining dan electrolytic refining.

Proses refining ini...

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This refining process will target the final product in the form of tin metal with an Sn content of 99.93%.

The end product is tin metal that has been molded in the form of bars, which can weigh up to 16 kg to 30 kg for each rod. It is possible that the smelted tin can be printed in other forms, according to consumer demand, including by adding a certain brand.

Proses refining ini akan menargetkan hasil akhir berupa logam timah dengan kadar Sn yang mencapai 99,93%.

Produk akhirnya adalah logam timah yang sudah dicetak dalam bentuk batangan, yang beratnya bisa mencapai 16 kg sampai 30 kg untuk setiap batangnya. Bisa saja, logam timah yang sudah dileburkan dicetak dalam bentuk lain, sesuai dengan permintaan konsumen, termasuk itu dengan menambahkan brand tertentu.

Copper price rises on supply disruption worries

MINING.COM Staff Writer

C

OPPER prices rose on Thursday as supply concerns resurfaced in Peru, the world’s second- biggest producer of the industrial metal after neighboring Chile.

Copper for delivery in December rose 2.2% from Wednesday’s settlement price, touching

$4.240 per pound ($9,328 per tonne).

Stocks of the metal in Shanghai Futures Exchange warehouses were last at their lowest since June 2009, and LME on-warrant inventories slid to 90,725 tonnes, down 27% in just a week.

An indigenous community in Peru’s Espinar province that blocked a key mining road on Wednesday plans to continue the blockade indefinitely, a local leader said, in protest against the government and Glencore PLC’s Antapaccay copper mine.

The conflict comes a day after the government defused a similar standoff for MMG’s Las Bambas mine.

The road is known in Peru as the mining corridor and has become a lightning rod in the country.

As of Wednesday, the community had blocked the road to protest against the environmental and social impact of the mine as well as the lack of government engagement with the local populace, said Flavio Huanque, a community leader in Espinar.

Huanque said earlier on Wednesday that one of the community’s demands was for the government to replace its prime minister, which President Pedro Castillo did later in the day, though it was not clear whether the replacement was related to the demand.

The former prime minister “came here on September 11 and showed an absolute lack of knowledge about the problems regarding the indigenous communities of Espinar,” Huanque told Reuters.

Still, Huanque said the blockade will continue until Antapaccay addresses their grievances, which include decades of complaints of environmental degradation.

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Earlier in the week, Vale said the production of copper concentrate at its Salobo mine is suspended due to a fire affecting a conveyor belt.

China

Copper analysts are reviewing their price forecasts for the metal after simultaneous disruptions in two key sectors in China that together make up more than half the country’s copper demand.

China is the world’s biggest user of copper, accounting for around 50% of global consumption.

The collapse of Chinese property developer Evergrande has ignited debt worries for the construction sector and a coal shortage that has cut power supplies to manufacturers stack up as bearish factors for copper over the near term, analysts said.

“Bearish short-term, bullish long-term is definitely a good way to sum it up. The longer-term demand dynamics are great. But short-term cyclical demand is clearly a worry,” said Colin Hamilton, MD at BMO Capital Markets.

ANZ predicts copper will hit $10,000 a tonne towards the end of 2021, while ING sees average fourth-quarter prices at $9,200.

Analysts at Citi recently cut their price forecasts for copper to $8,200 a tonne for the next three months from $8,800 previously, and to $8,600 for the first quarter of 2022 from $9,000.

“We are still strong believers in a copper super-cycle, and we see copper presenting a strong buying opportunity for medium- to long-term investors over the next three to six months,”

Citi analysts said. (With files from Reuters)

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Thiess secures mining services contract for Anthill Copper Project

T

HE ANTHILL Copper Project is around 80km north-west of Mount Isa in Queensland, Australia.

Thiess has been selected as the preferred mining services contractor by Austral Resources for the Anthill Copper Project in Queensland, Australia.

Austral Resources will now enter into exclusive negotiations with Thiess to finalise the terms of a three-year contract.

Work is expected to include operations and maintenance of two mining fleets. Thiess will also conduct mining services to support Austral Resources’ copper production requirements at the Anthill Project.

Thiess CEO and executive chairman Michael Wright said: “Thiess has a long history operating in the Mount Isa region, dating back to the early 1960s, and we’re very pleased to be back.

“With our selection as preferred contractor, Austral Resources has recognised our team’s specialist mining capability and our flexible approach to meet the needs of their mine.

“This project is very important to Thiess as we continue to diversify our business across commodities, mining regions and services. We are positioned well to support Austral Resources and the local community, with the right equipment, technical capability and operations team.”

The Anthill Copper Project is located around 80km north-west of Mount Isa and lies within the Lady Annie project.

According to an updated mining study completed earlier this year, Anthill hosts Joint Ore Reserves Committee (JORC) 2012 compliant ore reserve of 5.1Mt grading 0.94% Cu containing 47.7Kt of copper.

Austral plans to commence mining from the project this year and aims to produce 40,000t of London Metal Exchange (LME) Grade A copper cathode over four years.

Earlier this year, Thiess received a contract from MACH Energy to provide mining services at the Mount Pleasant coal mine in Australia.

Miner starts construction of Indonesian gold mine

Published by Jaroslaw Adamowski

V

ANCOUVER-based Baru Gold has an-nounced it initiated construction work on phase one of the Sangihe gold project in Indonesia.

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