TABLE OF CONTENTS. No. Title Media Source Page

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Daily News Update Page 1

ORMALLY the world's supply of coal along with the more intense campaign to reduce gas emissions will be a determining factor for the movement of commodity prices. Meanwhile, the increase in production volume, along with the operation of power plants and increased transport capacity, has become a positive catalyst for PT Bukit Asam Tbk (PTBA).

RHB Sekuritas analyst Ryan Santoso revealed that the selling price of coal tends to move flat in 2022 after experiencing a spike throughout 2021.

The average selling price of coal is estimated to decrease to US$ 48.9 per ton in 2022 compared to this year's estimate of US$ 63.5 per ton.

“We estimate that the decline in the selling price of coal is influenced by the normal world supply and the growing issue of environmental sustainability. This can have an impact on the prospect of selling coal prices, including Bukit Asam's financial performance throughout 2022," Ryan wrote in his research.

Regarding production volume, Bukit Asam is projected to print growth to 37.1 million tons compared to the 2021 estimate of 30 million tons. Meanwhile, the mining cost (cash cost) is estimated at US$ 29.5 per ton in 2022 compared to the acquisition in 2021 of around US$ 37 per ton.

The increase in production volume is expected to be the main factor supporting Bukit Asam's financial performance in 2022. This target is optimistic...

Bukit Asam di Tengah Normalnya Pasokan Batu Bara Dunia

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ORMALNYA pasokan batu bara dunia bersamaan dengan kian gencarnya kampanye pengurangan gas emisi akan menjadi faktor penentu pergerakan harga komoditas tersebut. Sedangkan peningkatan volume produksi, seiring dengan pengoperasian pembangkit listrik dan peningkatan daya angkut menjadi katalis positif bagi PT Bukit Asam Tbk (PTBA).

Analis RHB Sekuritas Ryan Santoso mengungkapkan, harga jual batu bara cenderung bergerak mendatar tahun 2022 setelah mengalami lonjakan sepanjang tahun 2021.

Rata-rata harga jual batu bara diperkirakan turun ke level US$ 48,9 per ton pada 2022 dibandingkan perkiraan tahun ini US$

63,5 per ton.

“Kami memperkirakan penurunan harga jual batu bara dipengaruhi atas normalnya pasokan dunia dan kian bergulirnya isu keberlangsungan lingkungan. Hal ini bisa berimbas terhadap prospek harga jual batu bara, termasuk kinerja keuangan Bukit Asam sepanjang 2022,” tulis Ryan dalam risetnya.

Terkait volume produksi, Bukit Asam diproyeksikan mencetak pertumbuhan menjadi 37,1 juta ton dibandingkan perkiraan tahun 2021 sebanyak 30 jua ton. Sedang- kan biaya penambangan (cash cost) diper- kirakan sebesar US$ 29,5 per ton pada 2022 dibandingkan perolehan tahun 2021 sekitar US$ 37 per ton.

Peningkatan volume produksi diharapkan menjadi faktor utama penopang kinerja keuangan Bukit Asam tahun 2022.

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This target is optimistic to be achieved supported by the company's large coal reserves and the company continues to increase its coal carrying capacity, including expanding its market share to a number of countries.

Target tersebut optimistis tercapai didukung oleh besarnya cadangan batu bara perseroan dan perseroan terus meningkatkan daya angkut batu bara, termasuk memperluas pangsa pasar ke sejumlah negara.

Bukit Asam Financial Performance Summary (in billion Rp)

2019 2020 2021F 2022F

Revenue 21,788 17,325 25,491 23,396

EBITDA 5,514 2,877 8,271 6,817

Net proft 4,057 2,387 6,014 4,925

EPS (Rp) 352.2 207.2 522 427.5

Net margin (%) 18.6 13.8 23.6 21

ROE (%) 22 14.1 28.4 22.8

ROA (%) 15.5 9.9 20 16.1

PE (x) 7.6 13.6 5 6.1

PB (x) 1.7 1.9 1.4 1.4

End of year cash 4,757 4,341 3,999 3,978

Current ratio (x) 2.5 2.2 2 1.9

Source: Mirae Asset Sekuritas The increase in production capacity,

according to Ryan, is expected to be a supporting factor for financial performance in the midst of declining selling prices.

Meanwhile, based on estimates by RHB Sekuritas, the average selling price of Newcastle coal has the potential to be in the range of US$ 125 per tonne in 2021 and is estimated to tend to fall to the level of US$

100 per ton.

RHB Sekuritas projects an increase in Bukit Asam's net profit to Rp 6.77 trillion in 2021 and is estimated to decrease to Rp 5.94 trillion in 2022, compared to 2020's achievement of Rp 2.38 trillion.

Likewise, revenue in 2021 is estimated at Rp 28 trillion and has the potential to decrease to Rp 26.63 trillion in 2022, compared to 2021 reaching Rp 17.32 trillion.

Peningkatan kapasitas produksi, menurut Ryan, diharapkan menjadi faktor penopang kinerja keuangan di tengah penurunan harga jual.

Sedangkan berdasarkan perkiraan RHB Sekuritas bahwa rata-rata harga jual batu bara Newcastle berpotensi pada kisaran US$

125 per ton pada 2021 dan diperkirakan cenderung turun ke level US$ 100 per ton.

RHB Sekuritas memproyeksikan peningkatan laba bersih Bukit Asam menjadi Rp 6,77 triliun pada 2021 dan diperkirakan turun menjadi Rp 5,94 triliun pada 2022, dibandingkan raihan tahun 2020 mencapai Rp 2,38 triliun.

Begitu juga dengan pendapatan tahun 2021 diperkirakan senilai Rp 28 triliun dan berpotensi turun menjadi Rp 26,63 triliun pada 2022, dibandingkan tahun 2021 mencapai Rp 17,32 triliun.

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Meanwhile, Mirae Asset Sekuritas analyst Juan Harahap said that Bukit Asam is targeting the operation of the South Sumatra 8 mine mouth power plant or PLTU in March 2022, which is expected to be a positive factor in the company's financial performance.

The power plant with a capacity of 2x620 MW can increase the company's coal production to reach 6 million tons per year.

"The South Sumatra 8 power plant is projected to start operating in March 2022.

Until now, the progress of the power plant has reached 91.03%," Juan wrote in his research.

In addition to these factors, Bukit Asam is currently expanding its coal rail transport capacity and operating a new port. Based on the data, the company has completed the increase in the capacity of the coal-carrying train tracks and the addition of coal. The expansion is expected to increase the company's coal carrying capacity from 32 million tons in 2021 to 72 million tons in 2026.

Regarding the selling price of coal, he revised it down to US$ 126 per ton in 2021 from the original estimate of US$ 142 per ton.

Meanwhile, the estimated selling price of coal in 2022 was revised down from an estimated US$ 120 per tonne to US$ 100 per tonne.

With the downward revision of the coal selling price target, Mirae Asset Sekuritas chose to lower Bukit Asam's net profit target to Rp 6 trillion in 2021 and to Rp 4.9 trillion in 2022. Although it was revised down, the company's net profit in 2021 is estimated to grow by 152 % of revenue in 2020.

Sementara itu, analis Mirae Asset Sekuritas Juan Harahap mengungkapkan, Bukit Asam

menargetkan pengoperasian pembangkit listrik mulut tambang atau PLTU mulut tambang Sumsel 8 pada Maret 2022 yang diharapkan menjadi faktor positif terhadap kinerja keuangan perseroan.

Pembangkit listrik dengan kapasitas 2x620 MW tersebut dapat meningkatkan produksi batu bara perseroan mencapai 6 juta ton per tahun.

“Pembangkit listrik Sumsel 8 diproyeksikan mulai beroperasi pada Maret 2022.

Hingga kini, progress pembangkit listrik tersebut telah mencapai 91,03%,” tulis Juan dalam risetnya.

Selain faktor tersebut, Bukit Asam tengah ekspansi peningkatan kapasitas angkut kereta batu bara dan pengoperasian pela- buhan baru. Berdasarkan data, perseroan telah menuntaskan peningkatan kapasitas rel kereta pengangkut batu bara dan penambahan batu bara. Ekspansi tersebut diharapkan meningkatkan daya angkut batu bara perseroan dari 32 juta ton pada 2021 menjadi 72 juta ton pada 2026.

Terkait harga jual batu bara, dia merevisi turun menjadi US$ 126 per ton pada 2021 dari perkiraan semula US$ 142 per ton.

Sedangkan eskpetkasi harga jual batu bara tahun 2022 direvisi turun dari perkiraan US$ 120 per ton menjadi US$ 100 per ton.

Dengan revisi turun target harga jual batu bara tersebut, Mirae Asset Sekuritas memilih untuk menurunkan target laba bersih Bukit Asam menjadi Rp 6 triliun pada 2021 dan menjadi Rp 4,9 triliun pada 2022. Meski direvisi turun, laba bersih perseroan tahun 2021 diperkirakan bertumbuh sebesar 152% dari perolehan tahun 2020.

These various factors prompted Mirae Asset Sekuritas to revise PTBA's stock recommen-

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dation to become a trading buy with a target price of Rp 3,000 from the original target of Rp 3,300. Editor : Gora Kunjana

Berbagai faktor tersebut mendorong Mirae Asset Sekuritas untuk merevisi rekomen- dasi saham PTBA menjadi trading buy dengan target harga Rp 3.000 dari target semula Rp 3.300. Editor : Gora Kunjana

Vale Indonesia (INCO) Won Green Proper from KLHK

Reporter: Arfyana Citra Rahayu | Editor:

Khomarul Hidayat

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T VALE Indonesia Tbk (INCO) won the Green Proper in the Company Performance Rating Program in Environmental Management (Proper) held by the Ministry of Environment and Forestry (KLHK) in Jakarta, 28 December 2021.

Among the 186 Green Proper awarding corporations, Vale Indonesia is the only nickel mining and processing company.

For information, Green Proper is given to companies that have carried out environmental management beyond what is required (beyond compliance), including the implementation of reuse-reduce- recycle (3R) waste, implementation of Life Cycle Assessment (LCA), reduction of water pollution load, and empowerment Public.

The 2021 assessment includes a number of additional criteria, one of which is sensitivity and responsiveness to disasters in response to the COVID-19 pandemic.

"We are grateful for this achievement. I express my appreciation and gratitude for the dedication of all parties involved in PT Vale's business and operations, as well as for the support provided by stakeholders.

This achievement is a motivation for us...

Vale Indonesia (INCO) Raih Proper Hijau dari KLHK

Reporter: Arfyana Citra Rahayu | Editor:

Khomarul Hidayat

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T VALE Indonesia Tbk (INCO) meraih Proper Hijau pada Program Penilaian Peringkat Kinerja Perusahaan dalam Pengelolaan Ling- kungan Hidup (Proper) yang digelar Kemen- terian Lingkungan Hidup dan Kehutanan (KLHK) di Jakarta, 28 Desember 2021.

Di antara 186 korporasi peraih Proper Hijau, Vale Indonesia merupakan satu-satunya perusahaan pertambangan dan pengolahan nikel.

Sebagai informasi, Proper Hijau diberikan kepada perusahaan yang telah melakukan pengelolaan lingkungan lebih dari yang dipersyaratkan (beyond compliance), diantara- nya implementasi reuse-reduce-recycle (3R) limbah, penerapan Life Cycle Assessment (LCA), penurunan beban pencemaran air, dan pemberdayaan masyarakat.

Penilaian tahun 2021 memasukkan sejumlah kriteria tambahan, salah satunya sensitivitas dan daya tanggap terhadap kebencanaan sebagai respons terhadap pandemi COVID-19.

“Kami bersyukur atas capaian ini. Saya menyampaikan apresiasi dan ucapan terima kasih atas dedikasi seluruh pihak yang terlibat dalam bisnis dan operasi PT Vale, juga atas dukungan yang diberikan para pemangku kepentingan. Prestasi ini menjadi motivasi bagi kami...

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This achievement is a motivation for us to continue to improve environmental, social and governance practices and commitments, in order to build a better life for all,"

said Vale Indonesia CEO Febriany Eddy in an official statement, Wednesday (29/12).

Vale Indonesia's efforts to obtain Green Proper are supported by, among others, the operation of a hydropower plant to produce nickel in matte based on renewable energy, the cancellation of coal conversion projects to reduce carbon emissions. Then, post-mining land rehabilitation activities and cross-border reforestation, modern nursery facilities and endemic vegetation conservation, biodiversity conservation.

Then, the existence of waste treatment facilities with the latest technology, the application of green buildings in a number of office buildings, as well as community development and empowerment programs that are oriented towards independence.

The Proper 2021 award was handed over by Vice President Ma'ruf Amin accompanied by Minister of Environment and Forestry Siti Nurbaya Bakar at the Vice President's Palace.

"For 24 years, Proper has developed into a platform for the business world to carry out sustainable business practices, by applying the principles of the green economy," said the Vice President.

Proper 2021 was attended by 2,593 participants, consisting of 47 companies (2%) Gold Rank, 186 companies Ranked Green (7%), 1,670 companies Ranked Blue (64%), 645 companies Ranking Red (25%), zero for Black Ranking, and 45 companies are undergoing law enforcement processes or are not operating (2%).

Prestasi ini menjadi motivasi bagi kami untuk terus meningkatkan praktik dan komitmen lingkungan, sosial, dan tata kelola, demi membangun kehidupan yang lebih baik untuk semua,” ujar CEO Vale Indonesia Febriany Eddy dalam keterangan resmi, Rabu (29/12).

Upaya Vale Indonesia dalam mendapatkan Proper Hijau antara lain didukung oleh pengoperasian PLTA untuk menghasilkan nikel dalam matte berbasis energi terbarukan, pembatalan proyek konversi batubara demi menekan emisi karbon. Lalu, kegiatan rehabilitasi lahan pasca-tambang dan reforestasi lintas-batas, fasilitas kebun bibit modern dan konservasi vegetasi endemik, pelestarian biodiversitas.

Kemudian, keberadaan fasilitas pengolahan limbah dengan teknologi terkini, penerapan green building di sejumlah bangunan kantor, serta program pengembangan dan pemberdayaan masyarakat yang berorientasi pada kemandirian.

Penghargaan Proper 2021 diserahkan Wakil Presiden Ma'ruf Amin didampingi Menteri LHK Siti Nurbaya Bakar di Istana Wapres. “Selama 24 tahun, Proper telah berkembang menjadi platform bagi dunia usaha untuk menjalankan praktik bisnis berkelanjutan, dengan menerapkan prinsip ekonomi hijau,” kata Wapres.

Proper 2021 diikuti sebanyak 2.593 peserta, terdiri atas 47 perusahaan (2%) Peringkat Emas, 186 perusahaan Peringkat Hijau (7%), 1.670 perusahaan Peringkat Biru (64%), 645 perusahaan Peringkat Merah (25%), nihil untuk Peringkat Hitam, dan 45 perusahaan sedang menjalani proses penegakan hukum atau tidak beroperasi (2%).

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Proper is an annual program for evaluating company performance in environmental management, which is one of the flagship programs of the Ministry of Environment and Forestry which was developed since 1997 with the aim of encouraging the level of company compliance in environmental management and encouraging innovation in natural resource management and community empowerment in the area of operation.

Proper merupakan program tahunan penilaian kinerja perusahaan dalam pengelolaan lingkungan hidup yang menjadi salah satu program unggulan KLHK yang dikembangkan sejak 1997 dengan tujuan mendorong tingkat ketaatan perusahan dalam pengelolaan lingkungan hidup dan mendorong inovasi dalam pengelolaan sumber daya alam dan pemberdayaan masyarakat di area operasi.

Coal Prices Collapse Nearly 7%...

Hidayat Setiaji, CNBC Indonesia

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HE PRICE of bricks fell in yesterday's trading. The price of the black stone even corrected for two consecutive days.

Yesterday, the price of coal on the ICE Newcastle (Australia) market closed at US$

156.6/ton. Dropped 6.81% compared to the previous day's position.

Thus, coal prices fell for the second day in a row. In those two days, the price correction reached 9.48%.

It seems that profit-taking, is still looming over this commodity. Understandably, the price of coal has increased for 10 trading days without stopping, 7-20 December 2021. During that period, the price shot up 26.66%.

Therefore, it is natural for investors to 'itch' to withdraw profits. Because the potential money that can be grabbed is not kidding.

As long as coal promises big profits, the risk of selling will continue to loom.

Brol! Harga Batu Bara Ambrol Hampir 7%...

Hidayat Setiaji, CNBC Indonesia

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ARGA batu bata ambles pada perda- gangan kemarin. Harga si batu hitam genap terkoreksi selama dua hari beruntun.

Kemarin, harga batu bara di pasar ICE Newcastle (Australia) ditutup di US$

156,6/ton. Anjlok 6,81% dibandingkan posisi hari sebelumnya.

Dengan demikian, harga batu bara turun selama dua hari berturut-turut. Dalam dua hari itu, koreksi harga mencapai 9,48%.

Sepertinya aksi ambil untung alias profit taking masih membayangi komoditas ini.

Maklum, harga batu bara pernah naik 10 hari perdagangan tanpa henti, 7-20 Desember 2021. Dalam periode itu, harga melesat 26,66%.

Oleh karena itu, wajar jika investor 'gatal' untuk mencairkan keuntungan. Sebab potensi cuan yang bisa direngkuh memang tidak main-main. Selama batu bara menjanjikan keuntungan besar, maka risiko aksi jual akan terus membayangi.

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In addition, negative sentiment still afflicts coal. The increasing world awareness of the threat of the climate crisis makes dirty fossil energy sources such as coal difficult to find.

Even large coal producing, consuming and exporting countries such as Australia will leave this energy source. The Australian Energy Market Operator (AEMO) will draw up a plan to achieve carbon neutrality by 2050.

Under the plan, Australia is expected to completely abandon coal-fired power plants by 2043. "There will be no more coal- fired power generation in 2043," said Daniel Westerman, CEO of AEMO, as quoted in a written statement.

Coal, continued Westerman, will be replaced by other energy sources such as solar, hydro, gas, and so on. It takes an investment of around AU$ 12 billion to build these various infrastructures. CNBC INDONESIA RESEARCH TEAM (aji/aji)

Selain itu, sentimen negatif masih meng- hinggapi batu bara. Kesadaran dunia yang semakin tinggi akan ancaman krisis iklim membuat sumber energi fosil yang kotor seperti batu bara sulit mendapat tempat.

Bahkan negara produsen, konsumen, dan eksportir batu bara besar seperti Australia bakal meninggalkan sumber energi tersebut.

Australian Energy Market Operator (AEMO) akan menyusun rencana untuk mencapai netral karbon pada 2050.

Dalam rencana tersebut, Australia diperkirakan bakal meninggalkan sepenuhnya pembangkit listrik bertenaga batu bara pada 2043. "Tidak ada lagi pembangkitan listrik dengan batu bara pada 2043," tegas Daniel Westerman, CEO AEMO, seperti dikutip dari keterangan tertulis.

Batu bara, lanjut Westerman, akan diganti- kan oleh sumber energi lain seperti mata- hari, hidro, gas, dan sebagainya. Dibutuhkan investasi sekitar AU$ 12 miliar untuk membangun berbagai infrastruktur tersebut. TIM RISET CNBC INDONESIA (aji/aji)

Antam will benefit the most from the Electric Vehicle and

Smelter Project

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T ANEKA Tambang Tbk (ANTM) or Antam still has a long-term financial performance growth outlook. This prospect is supported by the government's commitment to develop electric vehicles (EVs) in Indonesia and the operation of a number of nickel smelters.

“We estimate that Antam will be the company that will benefit the most from the electric vehicle development program in the long term. The company will also...

Antam Paling Diuntungkan oleh Proyek Kendaraan Listrik dan

Smelter

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T ANEKA Tambang Tbk (ANTM) atau Antam tetap memiliki outlook pertumbuhan kinerja keuangan dalam jangka panjang. Prospek tersebut didukung oleh komitmen pemerintah untuk mengembangkan kendaraan listrik (electric vehicle/EV) di Indonesia dan mulai beroperasinya sejumlah smelter nikel.

“Kami memperkirakan Antam akan menjadi perusahaan yang paling diuntungkan oleh program pengembangan kendaraan listrik dalam jangka panjang. Perseroan juga...

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The company will also benefit from the operation of a number of smelters, which can lead to an increase in sales volume of nickel ore in the domestic market," wrote BRI Danareksa Sekuritas analyst Stefanus Darmagiri in his research.

In 2021, Antam is projected to sell 7.2 million wmt of nickel ore or higher than the conservative target of 6.8 million wmt.

Antam's gold sales volume is estimated at 21 tons compared to the conservative target of 20 tons.

The target is optimistic to be achieved after seeing the operational realization until the third quarter of 2021.

Perseroan juga akan diuntungkan oleh pengoperasian sejumlah smelter yang bisa berimbas terhadap kenaikan volume penjualan bijih nikel di pasar domestik,” tulis analis BRI Danareksa Sekuritas Stefanus Darmagiri dalam risetnya.

Tahun 2021, Antam diproyeksikan menjual sebanyak 7,2 juta wmt bijih nikel atau lebih tinggi dari target konservatif sebanyak 6,8 juta wmt. Volume penjualan emas Antam diperkirakan mencapai 21 ton dibandingkan target konservatif sebanyak 20 ton.

Target tersebut optimistis tercapai setelah melihat realisasi operasional hingga kuartal III-2021.

Antam Financial Performance Summary

(in billion Rp)

2019 2020 2021F 2022F 2023F

Revenue 37,719 27,372 30,252 32,850 35,208

EBITDA 2,233 3,128 4,580 5,082 5,612

Net proft 194 1,149 2,324 2,726 3,219

EPS (Rp) 8.1 47.8 96.7 113.5 133.9

Net margin (%) 0.6 4.2 7.7 8.3 9.1

ROE (%) 0.6 3.7 6.9 7.5 8.4

ROA (%) 1.1 6.2 11.6 12.5 13.5

PER (x) 296.3 50 24.7 21.1 17.8

PBV (x) 3.2 3 2.7 2.5 2.3

Net gearing (x) 0.3 0.2 0.3 0.2 0.1

End of year cash 3,636 3,984 5,046 5,875 6,629

Source: BRI Danareksa Sekuritas The growth in operational and financial

performance is estimated to continue until 2022. The main factor comes from the operation of a number of smelters next year. The company's nickel ore production and sales volume in 2022 is projected to increase to 9.1 million wmt and 11 million wmt, respectively.

However, the company's fernonickel production volume is estimated to tend to stagnate with an estimate of 27 thousand tons in 2022 compared to the 2026 estimate of 26 thousand tons.

Pertumbuhan kinerja operasional dan keuangan terebut diperkirakan berlanjut hingga tahun 2022. Faktor utamanya berasal dari pengoperasian sejumlah smelter tahun depan. Volume produksi dan penjualan bijih nikel perseroan tahun 2022 diproyeksikan naik masing-masing menjadi 9,1 juta wmt dan 11 juta wmt.

Namun, volume produksi fernonikel perseroan diperkirakan cenderung stagnan dengan perkiraan menjadi 27 ribu ton tahun 2022 dibandingkan perkiraan tahun 2026 sebanyak 26 ribu ton.

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In the long term, according to Stefanus, the company's financial performance will be boosted by the electric vehicle program which will increase the company's nickel sales volume. As is known, nickel is the main raw material for the production of electric vehicle batteries.

Regarding the selling price of nickel, he said it would grow solidly with the assumption that it would reach US$ 18 thousand per ton in 2021 and 2022. The selling price is supported by the global economic recovery which will have an impact on increasing production of stainless steel (SS) which is made from nickel.

With this selling price, Antam's financial performance has the potential to grow solidly in 2022. These various factors prompted BRI Danareksa Sekuritas to recommend buying ANTM's shares with the target price being revised up to Rp 3,300.

The price target reflects the trend of growth in financial performance, in line with expectations of an increase in global nickel sales volume.

The target price implies an estimate of PE in 2022 of around 29.1 times. BRI Danareksa Sekuritas targets Antam's net profit to increase to Rp 2.72 trillion in 2022 compared to the 2021 estimate of Rp 2.32 trillion and 2020's achievement of Rp 1.14 trillion.

The company's revenue is also estimated to increase to Rp 32.85 trillion in 2022 compared to the 2021 estimate of Rp 30.25 trillion and 2020's achievement of Rp 27.37 trillion.

Meanwhile, Mirae Asset Sekuritas Indonesia analyst Juan Harahap said that stainless steel production has been the main factor supporting the increase in world nickel demand.

Dalam jangka panjang, menurut Stefanus, kinerja keuangan perseroan akan terdongkrak oleh program kendaraan listrik yang akan meningkatkan volume penjualan nikel perseroan. Sebagaimana diketahui, komoditas nikel menjadi bahan baku utama produksi baterai kendaraan listrik.

Terkait harga jual komoditas nikel, dia menyebutkan bakal tumbuh solid dengan asumsi mencapai US$ 18 ribu per ton pada 2021 dan 2022. Harga jual tersebut didukung oleh pemulihan ekonomi global yang bakal berimbas terhadap peningkatan produksi stainless steel (SS) yang berbahan baku nikel.

Dengan harga jual tersebut, kinerja keuangan Antam berpotensi tumbuh solid tahun 2022. Berbagai faktor tersebut mendorong BRI Danareksa Sekuritas mem- berikan rekomendasi beli saham ANTM dengan target harga direvisi naik menjadi Rp 3.300. Target harga tersebut meng- gambarkan tren pertumbuhan kinerja keuangan, seiring dengan ekspektasi peningkatan volume penjualan nikel global.

Target harga tersebut mengimplikasikan perkiraan PE tahun 2022 sekitar 29,1 kali.

BRI Danareksa Sekuritas menargetkan peningkatan laba bersih Antam menjadi Rp 2,72 trilliun pada 2022 dibandingkan perkiraan tahun 2021 senilai Rp 2,32 triliun dan raihan tahun 2020 senilai Rp 1,14 triliun.

Pendapatan perseroan juga diperkirakan meningkat menjadi Rp 32,85 triliun pada 2022 dibandingkan perkiraan tahun 2021 sebesar Rp 30,25 trilliun dan raihan tahun 2020 senilai Rp 27,37 triliun.

Sementara itu, analis Mirae Asset Sekuritas Indonesia Juan Harahap mengungkapkan, produksi baja nirkarat (stainless steel) selama ini menjadi faktor utama penopang peningkatan permintaan nikel dunia.

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Based on data from 2020, 60% of nickel production is used as raw material for stainless steel production and the remaining 30% is for other steel production and outside steel, such as special specifications for aircraft and military applications. Only 6% of the total nickel production in 2020 will only be used for electric vehicle batteries.

While the absorption of wireless steel itself is still dominated by industrial steel production reaching 38%, mechanical engineering industry 29%, and construction industry 12%.

"Based on current economic developments, there is a 20.7% decline in stainless steel production in China until October 2021.

Meanwhile, in 2022, stainless steel production is expected to begin to recover, although nickel pig iron production tends to stagnate," Juan wrote in his research.

Thus, nickel demand from China is expected to increase again in 2022, in line with the easing of economic activity. It is projected that world stainless steel production will grow 5 percent to 56 million tons.

These various factors prompted Mirae Asset Sekuritas to maintain its recommen- dation to buy ANTM shares with a target price of Rp 3,200.

The price target takes into account the increase in nickel, ferronickel and gold production volumes in 2022.

Mirae Asset Sekuritas targets Antam's net profit to increase to Rp 2.92 trillion in 2022 compared to the 2021 estimate of Rp 2.41 trillion.

Likewise, sales in 2022 are estimated to reach Rp 39.86 trillion compared to the 2021 estimate of Rp 37.53 trillion. Editor : Gora Kunjana

Berdasarkan data tahun 2020, sebanyak 60% produksi nikel untuk bahan baku produksi baja nirkarat dan sisanya lebih dari 30% untuk untuk produksi baja lainnya dan di luar baja, seperti industri spesifikasi khusus pesawat dan aplikasi militer. Hanya 6% dari total produksi nikel tahun 2020 yang baru digunakan untuk baterai kendaraan listrik.

Sedangkan penyerapan baja nirkabel sendiri masih didominasi produksi baja industri mencapai 38%, industri mechanical engineering 29%, dan industri konstruksi 12%.

“Berdasarkan perkembangan ekonomi sekarang terlihat penurunan produksi stainless steel di Tiongkok sebanyak 20,7%

hingga Oktober 2021. Sedangkan tahun 2022, produksi stainless steel diperkirakan mulai pulih, meski demikian produksi nickel pig iron cenderung stagan,” tulis Juan dalam risetnya.

Dengan demikian, permintaan nikel dari Tiongkok diperkirakan kembali meningkat pada 2022, seiring dengan pelonggaran aktivitas ekonomi. Diproyeksikan produksi stainless steel dunia bakal bertumbuh 5%

menjadi 56 juta ton.

Berbagai faktor tersebut mendorong Mirae Asset Sekuritas untuk mempertahankan rekomendasi beli saham ANTM dengan target harga Rp 3.200.

Target harga tersebut mempertimbangkan peningkatan volume produksi nikel, feronikel, dan emas tahun 2022.

Mirae Asset Sekuritas menargetkan kenaikan laba bersih Antam menjadi Rp 2,92 triliun tahun 2022 dibandingkan perkiraan tahun 2021 senilai Rp 2,41 triliun.

Begitu juga dengan penjualan tahun 2022 diperkirakan capai Rp 39,86 triliun dibandingkan estimasi tahun 2021 senilai Rp 37, 53 triliun. Editor : Gora Kunjana

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Energy Issuers Crowd Increase Production in 2022, BYAN to

PGAS

Author: Mutiara Nabila

F

OLLOWING the increase in demand for energy commodity prices, a number of issuers of coal and oil and gas are planning to increase their production next year.

In 2022, PT Bayan resources Tbk. targets coal production of up to 50 million tons per year. This is in line with the completion of the haul road and barge loading facilities in 2022.

"Despite the Covid-19 pandemic, Bayan is still targeting to be able to operate the coal transportation facility by 2022, which is estimated to be able to increase production capacity up to 25-30 million tons from the capacity of the existing facilities," Bayan Resources management wrote in its financial report, quoted Tuesday (12/29/

2021).

In addition, the issuer of coal, PT Bukit Asam Tbk. (PTBA) plans to increase coal production next year, following the ESDM Ministry's plan.

PTBA Corporate Secretary Apollonius Andwie said PTBA's coal production will increase next year. However, the company is still waiting for the approval of the Ministry of EMR.

"The figures cannot be disclosed yet because they still need the approval of the Ministry of EMR," he explained to Bisnis, Tuesday (21/12/2021).

From the oil and gas sector, PT Medco Energi International Tbk. (MEDC) plans to increase its oil and gas production target by 2022.

Emiten Energi Ramai-ramai Tambah Produksi di 2022,

BYAN hingga PGAS

Author: Mutiara Nabila

M

ENYUSUL kenaikan permintaan kenaikan harga komoditas energi, sejumlah emiten batu bara serta minyak dan gas (migas) berencana meningkatkan produksinya tahun depan.

Pada 2022, PT Bayan resources Tbk. menargetkan produksi batu bara hingga 50 juta ton per tahun. Hal ini seiring dengan selesainya proyek jalan angkutan (haul road) dan fasilitas pemuatan tongkang (barge loading) pada 2022.

“Meski diadang pandemi Covid-19, Bayan tetap menargetkan bisa mengoperasikan fasilitas pengangkutan batu bara tersebut pada 2022, yang diperkirakan bisa menambah kapasitas produksi hingga 25-30 juta ton dari kapasitas fasilitas yang sudah ada," tulis manajemen Bayan Resources dalam laporan keuangan, dikutip Selasa (29/12/2021).

Selain itu, emiten batu bara PT Bukit Asam Tbk. (PTBA) berencana meningkatkan produksi batu bara tahun depan, mengikuti rencana Kementerian ESDM.

Sekretaris Perusahaan PTBA Apollonius Andwie mengatakan produksi batu bara PTBA akan ada kenaikan di tahun depan. Namun, perseroan masih menunggu per-setujuan Kementerian ESDM.

"Untuk angkanya belum bisa dibuka karena masih perlu persetujuan Kementerian ESDM,"

terangnya kepada Bisnis, Selasa (21/12/2021).

Dari sektor minyak dan gas, PT Medco Energi International Tbk. (MEDC) berencana meningkatkan target produksi minyak dan gasnya pada 2022.

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MEDC Director & Chief Administrative Officer Amri Siahaan said that up to the first half of this year, Medco Energi had produced 94 million barrels of equivalent per day (mboepd).

The details are 36 million barrels per day from oil production and 58 million barrels per day from gas production.

"This amount is in line with this year's production guidelines, although our production capacity can reach 110 mboepd," Amir said at a public expose, Thursday (11/18/2021).

Meanwhile, for guidance in 2022, the company set production to reach 95 million barrels per day, with details of 38 million from oil and 57 million from gas.

Then, PT Perusahaan Gas Negara Tbk (PGAS) is also ready to increase its production in line with the operation of the oil transportation pipeline in the Rokan block, Riau in January 2022.

Director of Infrastructure and Technology of PGAS Achmad Muchtasyar said that the oil transportation pipeline will operate in the Balam - Bangko - Dumai and Minas - Duri - Dumai work areas.

"The total capex for the construction of the Rokan oil pipeline is US$ 300 million with a target of partial completion in the fourth quarter of 2021 and full scale on stream in January 2022," he explained in a public presentation, Wednesday (11/17/2021).

Later this pipeline can transport or distribute oil up to 260,000 barrels per day. Meanwhile, the progress until September 2021 is around 84 percent and until mid-November 2021 it has reached 98.5 percent. Editor : Farid Firdaus

Direktur & Chief Administrative Officer MEDC Amri Siahaan menyebutkan, sampai dengan semester pertama tahun ini, Medco Energi telah memproduksi 94 juta barel ekuivalen per hari (mboepd).

Perinciannya, 36 juta barel per hari dari produksi minyak, dan 58 juta barel per hari dari produksi gas.

“Jumlah ini sejalan dengan panduan produksi tahun ini, meskipun kapasitasnya produksi kami bisa mencapai 110 mboepd,”

ujar Amir pada paparan publik, Kamis (18/11/2021).

Sementara, untuk panduan pada 2022 perusahaan menetapkan produksi mencapai 95 juta barel per hari, dengan perincian 38 juta dari minyak dan 57 juta dari gas.

Kemudian, PT Perusahaan Gas Negara Tbk (PGAS) juga siap meningkatkan produksinya seiring dengan beroperasinya pipa transportasi minyak di blok Rokan, Riau pada Januari 2022 mendatang.

Direktur Insfrastruktur dan Teknologi PGAS Achmad Muchtasyar mengatakan bahwa pipa transportasi minyak tersebut akan beroperasi di wilayah kerja Balam - Bangko - Dumai dan Minas - Duri - Dumai.

“Total capex untuk pembangunan pipa minyak Rokan ini sebesar US$300 juta dengan target partial completion pada kuartal IV/2021 dan full scale on stream pada Januari 2022,” jelasnya dalam paparan publik, Rabu (17/11/2021).

Nantinya pipa ini dapat mengangkut atau menyalurkan minyak hingga 260.000 barel per hari. Adapun, progres sampai dengan September 2021 adalah sekitar 84 persen dan sampai dengan pertengahan Novem- ber 2021 sudah mencapai 98,5 persen.

Editor : Farid Firdaus

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Had a Significant Rise, Check Out the Prospects of Coal Stocks

Reporter: Nur Qolbi | Editor: Yudho Winarto

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OAL producer shares rose significantly on Tuesday (28/12). For example, PT Indika Energy Tbk (INDY) which increased 6.53%

to Rp 1,630 per share, PT Indo Tambangraya Megah Tbk (ITMG) rose 6.08% to Rp 21,375, PT Adaro Energy Tbk (ADRO) rose 5.5% to Rp 2,300, and PT Bukit Asam Tbk (PTBA) grew 3.7% to Rp 2,800 per share.

However, on Wednesday's trading (29/12), the coal stocks varied. ADRO continued to increase 0.43% to Rp 2,310 per share, INDY was stagnant at the previous day's closing price, ITMG fell 1.17% to Rp 21,125 per share, and PTBA corrected 0.36% to Rp 2,790 per share.

Pilarmas Investindo Sekuritas analyst Okie Ardiastama said the decline in the price of some coal shares was caused by profit taking by market participants. Given, the increase in coal stocks has occurred in recent weeks.

According to Okie, the increase in coal stock prices is in line with the rising prices of these mainstay commodities as well as the outstanding performance of issuers throughout 2021. Three of the four issuers mentioned above posted significant increases in the top line and bottom line as of September 2021.

"This encourages investors' expectations of higher dividends for coal issuers," said Okie when contacted by Kontan.co.id, Wednesday (29/12).

Sempat Naik Signifikan, Simak Prospek Saham batubara

Reporter: Nur Qolbi | Editor: Yudho Winarto

S

AHAM-saham produsen batubara sempat naik cukup signifikan pada perdagangan Selasa (28/12). Sebut saja PT Indika Energy Tbk (INDY) yang meningkat 6,53% menjadi Rp 1.630 per saham, PT Indo Tambangraya Megah Tbk (ITMG) naik 6,08% ke Rp 21.375, PT Adaro Energy Tbk (ADRO) terkerek 5,5%

menjadi Rp 2.300, dan PT Bukit Asam Tbk (PTBA) tumbuh 3,7% ke Rp 2.800 per saham.

Akan tetapi, pada perdagangan Rabu (29/12), saham-saham batubara tersebut bergerak variatif. ADRO melanjutkan kenaikan 0,43% ke Rp 2.310 per saham, INDY stagnan di harga penutupan hari sebelumnya, ITMG turun 1,17% menjadi Rp 21.125 per saham, dan PTBA terkoreksi 0,36% menjadi Rp 2.790 per saham.

Analis Pilarmas Investindo Sekuritas Okie Ardiastama mengatakan, penurunan harga sebagian saham batubara yang terjadi disebabkan aksi ambil keuntungan (profit taking) pelaku pasar. Mengingat, kenaikan saham-saham batubara telah terjadi dalam beberapa pekan terakhir.

Menurut Okie, kenaikan harga saham batubara seiring dengan meningkatnya harga komoditas andalan tersebut serta kinerja ciamik para emiten sepanjang tahun 2021.

Tiga dari empat emiten yang disebutkan di atas membukukan kenaikan signifikan pada top line dan bottom line per September 2021.

"Hal tersebut mendorong ekspektasi investor terhadap dividen emiten batubara yang lebih tinggi," kata Okie saat dihubungi Kontan.co.id, Rabu (29/12).

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In addition, the prospect of economic recovery in 2022 is considered to still have an effect on increasing energy demand.

Moreover, most of the current energy sources still use coal.

Coal demand from China is also projected to persist in the medium term. This is because there is a large number of installed thermal power generation capacities in China.

Therefore, in the future, Okie estimates that coal prices will still be at a high level. Even so, the movement of the reference price has the potential not to be as bright as in 2021.

Okie predicts that the highest reference coal price (HBA) in 2022 will reach US$ 160 per ton. This is lower than the highest HBA which touched US$ 215.01 per ton in November 2021.

"Although the benchmark price is projected to be lower next year, we see rising demand can minimize the decline in the issuer's production performance in 2022," said Okie.

Currently, the stock valuation of coal issuers can be said to be quite reasonable, considering that market players have also responded positively to the issuer's sales performance.

Okie recommends holding ADRO with a target price of Rp 2,150 per share, buying PTBA with a target price of Rp 2,910, and buying ITMG with a target price of Rp 23,100 shares.

Kiwoom Sekuritas Indonesia analyst Sukarno Alatas added that future coal demand will also be supported by demand from the steel, cement, and other industries.

"Demand from this industry has the potential to maintain coal prices in the current range for the next two years," he said.

Selain itu, prospek pemulihan ekonomi pada tahun 2022 dinilai masih akan

berefek pada naiknya permintaan energi.

Apalagi, sebagian besar sumber energi saat ini masih menggunakan batubara.

Permintaan batubara dari China juga diproyeksi akan tetap bertahan dalam jangka menengah. Pasalnya, ada sejumlah besar kapasitas pembangkit listrik termal terpasang di China.

Oleh sebab itu, untuk ke depannya, Okie memperkirakan harga batubara masih akan berada pada level yang tinggi. Meski-pun begitu, pergerakan harga acuannya berpotensi tidak secemerlang tahun 2021.

Okie memprediksi, harga batubara acuan (HBA) tertinggi pada 2022 dapat mencapai US$ 160 per ton. Ini lebih rendah dari HBA tertinggi yang sempat menyentuh US$

215,01 per ton pada November 2021.

"Meskipun harga acuan diproyeksikan lebih rendah pada tahun depan, namun kami melihat naiknya permintaan dapat meminimalkan penurunan kinerja produksi emiten pada 2022," tutur Okie.

Saat ini, valuasi saham emiten batubara dapat dikatakan cukup wajar, mengingat pelaku pasar juga merespons positif kinerja penjualan emiten.

Okie merekomendasikan hold ADRO dengan target harga Rp 2.150 per saham, buy PTBA dengan target harga Rp 2.910, dan buy ITMG dengan target harga Rp 23.100 saham.

Analis Kiwoom Sekuritas Indonesia Sukarno Alatas menambahkan, permintaan batubara ke depannya juga akan didukung oleh permintaan dari industri baja, semen, dan lainnya.

"Permintaan dari industri ini berpotensi mempertahankan harga batubara di kisaran saat ini untuk jangka waktu dua tahun ke depan," ucap dia.

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Sukarno estimates that the price of coal at the end of this year's quarter can be traded at the level of US$ 160.04 per metric ton.

Meanwhile, in 2022, coal has the potential to trade at a price of US$ 138.35 per metric ton within twelve months.

The International Energy Agency (IEA) predicts that India's coal consumption will grow by around 4% on an annual basis until 2024.

However, in the long term, coal dominance will decline in line with the commitments of countries, including China and India to reduce energy use which they claim is not this environment friendly.

Sukarno mengestimasi, harga batubara pada akhir kuartal tahun ini dapat diperdagang-kan di level US$ 160,04 per metrik ton.

Sementara itu, pada 2022, batubara berpotensi diperdagangkan di harga US$ 138,35 per metrik ton dalam dua belas bulan.

Badan Energi Internasional (IEA) memprediksi, konsumsi batubara India akan tumbuh sekitar 4% secara tahunan hingga 2024.

Meskipun begitu, dalam jangka panjang, dominasi batubara akan menurun seiring dengan komitmen negara-negara, termasuk China dan India untuk mengurangi peng- gunaan energi yang diklaim tidak ramah lingkungan ini.

China Turns On Giant Power Plant, Blessing for RI?

Wilda Asmarini, CNBC Indonesia

C

HINA has just completed the construc- tion of the first 'giant' coal-based Steam Power Plant (PLTU) with a capacity of 1,000 Mega Watt (MW).

Citing Reuters on Wednesday (12/29/

2021), the plant operator, Guodian Power Shanghaimiao Corporation, a subsidiary of the state-run China Energy Investment Corporation, said on Tuesday that this generating technology is the most efficient in the world, with high consumption rates.

lowest coal and water.

Located in Ordos in the coal-rich northwest region of Inner Mongolia, the plant will have four generating units, and is designed to deliver electricity to the east coast of Shandong Province via a long-distance ultra-high voltage grid.

China Nyalakan PLTU Raksasa, Berkah buat RI?

Wilda Asmarini, CNBC Indonesia

C

HINA baru saja menyelesaikan pem- bangunan Pembangkit Listrik Tenaga Uap (PLTU) berbasis batu bara 'raksasa' unit pertama berkapasitas 1.000 Mega Watt (MW).

Mengutip Reuters, Rabu (29/12/2021), operator pembangkit , Guodian Power Shanghaimiao Corporation, anak perusahaan dari China Energy Investment Corporation yang dikelola pemerintah pusat, mengatakan pada hari Selasa bahwa teknologi pembangkit ini adalah yang paling efisien di dunia, dengan tingkat konsumsi batu bara dan air terendah.

Terletak di Ordos di wilayah barat laut Mongolia Dalam yang kaya akan batu bara, pembangkit ini nantinya akan memiliki empat unit pembangkit, dan dirancang untuk menyalurkan listrik ke pesisir timur Provinsi Shandong melalui jaringan tegangan ultra- tinggi jarak jauh.

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Not only that, even a report published this month by researchers from China's state- owned electricity grid said that due to energy security concerns, it is likely that this will trigger the construction of a coal-fired power plant with a capacity of 150 GW during 2021- 2025, bringing the total capacity of the coal power plant in the country led by Xi Jinping could reach 1,230 GW by 2025.

Increasing the installed capacity of PLTU in China can certainly bring blessings to Indonesia. This is because the majority or around 32% of Indonesia's coal export market is China.

The Executive Director of the Indonesian Coal Mining Association (APBI) also briefly said that Indonesia's coal export market next year will still be promising, especially because 98% of Indonesia's coal export market is countries in the Asia Pacific region.

He also estimates that Indonesia's coal exports in 2022 will increase by around 15- 20 million tons. This is in line with the projected increase in national coal production to around 637-664 million tons, from the 2021 target of 625 million tons.

The same thing was expressed by Dileep Srivastava, Director of PT Bumi Resources Tbk (BUMI). Although in the midst of the global onslaught to reduce coal, according to him, the coal market, especially in China and India, will still be the driver of coal demand in 2022.

Meanwhile, a number of countries that encourage coal reduction tend to be developed countries that are neither BUMI's coal market nor Indonesian coal market.

"China has safety issues, and also prioritizes national interests. India also has transportation and weather issues, so both of them are trying to increase domestic production, but they still need coal imports in the future," he explained to CNBC Indonesia recently.

Tak hanya itu, bahkan sebuah laporan yang diterbitkan bulan ini oleh para peneliti BUMN China di bidang jaringan listrik menyebut bahwa karena adanya kekhawatiran keamanan energi, kemungkinan besar akan memicu pembangunan PLTU batubara dengan kapasitas 150 GW selama 2021-2025, sehingga total kapasitas PLTU batubara di negara pimpinan Xi Jinping ini bisa mencapai 1.230 GW pada 2025.

Meningkatnya kapasitas terpasang PLTU di China tentunya bisa membawa berkah bagi Indonesia. Pasalnya, mayoritas atau sekitar 32% pasar ekspor batu bara Indonesia yaitu China.

Direktur Eksekutif Asosiasi Pertambangan Batu Bara Indonesia (APBI) juga sempat menuturkan bahwa pasar ekspor batu bara Indonesia pada tahun depan juga masih akan menjanjikan, terutama karena 98% pasar ekspor batu bara Indonesia yaitu negara- negara di kawasan Asia Pasifik.

Pihaknya pun memperkirakan ekspor batu bara RI pada 2022 akan naik sekitar 15-20 juta ton. Hal ini seiring dengan proyeksi peningkatan produksi batu bara nasional menjadi sekitar 637-664 juta ton, dari target 2021 sebesar 625 juta ton.

Hal senada diungkapkan Dileep Srivastava, Direktur PT Bumi Resources Tbk (BUMI).

Meski di tengah gempuran dunia untuk mengurangi batu bara, namun menurutnya pasar batu bara terutama di China dan India masih menjadi pendorong permintaan batu bara pada 2022.

Sementara sejumlah negara yang mendorong pengurangan batu bara cenderung merupakan negara maju yang bukan merupakan pasar batu bara BUMI ataupun batu bara Indonesia.

"China memiliki isu keselamatan (safety), dan juga mengutamakan kepentingan nasional.

India juga memiliki isu transportasi dan cuaca, sehingga keduanya mencoba menaikkan produksi domestik, tapi tetap membutuhkan impor batu bara ke depannya," jelasnya kepada CNBC Indonesia belum lama ini.

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It should be noted that Indonesia's coal exports to China in 2020 will reach 127.8 million tons, or around 32 percent of the total national coal exports of 405.05 million tons. Due to the Covid-19 pandemic, the number of exports to China in 2020 has decreased from 2019 which was recorded at 144.4 million tons or around 32% of the total exports of 454.5 million tons. (wia)

Perlu diketahui, ekspor batu bara RI ke China pada 2020 mencapai 127,8 juta ton, atau sekitar 32% dari total ekspor batu bara nasional sebesar 405,05 juta ton. Karena pandemi Covid-19, jumlah ekspor ke China pada 2020 ini mengalami penurunan dari 2019 yang tercatat sebesar 144,4 juta ton atau sekitar 32% dari total ekspor 454,5 juta ton. (wia)

Tin-Producing Regions in Indonesia, Here's the Complete

List

Ignacio Geordi Oswaldo - detikFinance

I

NDONESIA is a country rich in mineral resources, including tin. There are a number of Indonesian tin-producing areas spread across several regions.

Because of the abundance of resources and tin-producing areas, Indonesia is listed as the second largest tin producing country in the world as well as the owner of the second largest tin reserves in the world.

Written Wednesday (29/12/2021), the Ministry of EMR, through the Indonesian Tin Investment Opportunity booklet, noted that in 2019 the world's total tin reserves were 4.74 million tons of metal. Of this amount, the contribution of Indonesia's tin reserves to the world reached 23% or 800,000 tons of metal.

Tin producing areas:

1. Bangka Belitung Islands

- Ore reserves: 2.010 billion tons.

- Metal reserves: 2.04 million tons.

- Ore resources: 9.97 billion tons.

- Metal resources: 2.56 million tons.

Daerah Penghasil Timah di Indonesia, Ini Daftar

Lengkapnya

Ignacio Geordi Oswaldo - detikFinance

I

NDONESIA merupakan negara yang kaya akan sumber daya mineral, termasuk salah satunya adalah timah. Adapun sejumlah daerah penghasil timah Indonesia tersebar di beberapa wilayah.

Saking banyaknya sumber daya serta daerah penghasil timah, Indonesia tercatat sebagai negara penghasil timah terbesar kedua di dunia sekaligus pemilik cadangan timah terbesar kedua di dunia.

Ditulis Rabu (29/12/2021), Kementerian ESDM, melalui booklet Peluang Investasi Timah Indonesia, mencatat bahwa pada 2019 total cadangan timah dunia adalah 4,74 juta ton logam. Dari jumlah tersebut, kontribusi cadangan timah Indonesia terhadap dunia mencapai 23% atau sebesar 800.000 ton logam.

Daerah penghasil timah:

1. Kepulauan Bangka Belitung - Cadangan bijih: 2,010 miliar ton.

- Cadangan logam: 2,04 juta ton.

- Sumber daya bijih: 9,97 miliar ton.

- Sumber daya logam: 2,56 juta ton.

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2. Riau

- Ore reserves: N/A - Reserve metal: N/A

- Ore resources: 0.22 million tons.

3. Riau Islands

- Ore reserves: 280.48 million tons.

4. West Kalimantan

- Ore reserves: 1.05 million tons.

Thus a number of tin-producing areas in Indonesia. (ara/ara)

2. Riau

- Cadangan bijih: N/A - Cadangan logam: N/A

- Sumber daya bijih: 0,22 juta ton.

3. Kepulauan Riau

- Cadangan bijih: 280,48 juta ton.

4. Kalimantan Barat

- Cadangan bijih: 1,05 juta ton.

Demikian sejumlah daerah penghasil timah di Indonesia. (ara/ara)

Copper hits one-month high as LME reopens after Christmas break

L

ONDON base metals were mixed in late Asian trading on Wednesday with investors booking profits from recent rallies, while copper jumped to a one-month high after a two-day LME trading break.

Three-month copper on the London Metal Exchange, which was closed on Monday and Tuesday for public holidays, was up 1.2% at $9,679 a tonne by 0701 GMT. It touched $9,706 earlier in the session, its highest since Nov. 26.

An arbitrage opportunity between COMEX and LME copper supported the metal, a Singapore- based trader said.

The most-traded February copper contract on the Shanghai Futures Exchange , however, ended daytime trading 0.2% lower at 70,200 yuan ($11,017.47) a tonne, after scaling a one-month high on Tuesday.

FUNDAMENTALS

* Metals traded on the Shanghai exchange are expected to decline from this year's highs, but will still find demand support from top metals consumers China and remain above pre-COVID- 19 levels.

* China's top copper smelters kept floor treatment and refining charges for copper concentrate in the first quarter of 2022 flat from the previous quarter, two people with knowledge of the matter said on Wednesday.

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* LME zinc , which hit a two-month high on Dec. 23, fell 0.9% to $3,487 a tonne, but Shanghai zinc rose 0.2% to 24,090 yuan a tonne.

* LME aluminium dropped 1.1% to $2,805 a tonne, retreating from a two-month high hit on Dec. 24. Shanghai aluminium rose 0.8% to 19,910 yuan a tonne.

* LME nickel advanced 0.7% to $20,175 a tonne, while Shanghai nickel climbed 0.5% to 149,350 yuan a tonne.

* LME lead gained 0.3% to $2,284.50 a tonne, while Shanghai lead rose 0.4% to 15,500 yuan a tonne.

* LME tin slipped 0.3% to $39,150 a tonne, while Shanghai tin added 0.2% to 290,010 yuan a tonne.

($1 = 6.3717 yuan) (Reporting by Enrico Dela Cruz in Manila; Editing by Vinay Dwivedi and Shounak Dasgupta)

China vows to cut carbon emissions from aluminum smelters by 5% by 2025

Bloomberg News

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HINA pledged to cut carbon emissions from aluminum smelters and reduce steel capacity under a five-year plan that adds some details on Beijing’s drive to reshape heavy industries.

The aluminum sector should slash emissions 5% by 2025, the Ministry of Industry and Information Technology said in a statement. Capacity in industries including steel and cement should decline over the period, while plant utilization rates should stay “at a reasonable level”, it added.

The proposals add some flesh to Beijing’s plans for reining in greenhouse-gas emissions and slashing energy consumption in key sectors. Steel and aluminum producers have come under pressure already this year amid initial attempts to cap output — but also because of a property- led demand slump.

The steel sector accounts for about 15% of China’s carbon footprint, with aluminum making up around 4%. In both industries, China is by far the top global producer. The document didn’t mention 2025 goals for production or carbon emissions from the steel sector.

Other targets in the five-year plan include:

 Cut energy intensity for steelmaking by 2%, and by 3.7% for cement

 Steel mills that don’t meet ultra-low standards on air pollution could be closed or relocated, among other measures

 Strictly curb coal consumption in chemical, steel and building materials sectors

 Implement staggered production in steel industry.

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Chile's Antofagasta agrees 2022 copper charges with some Chinese smelters -sources

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HILEAN miner Antofagasta PLC has agreed to supply copper concentrate to some Chinese smelters at treatment and refining charges (TC/RCs) of $65 a tonne and 6.5 cents per lb next year, two sources with knowledge of the matter said.

The annual rates are the same as those that U.S.-based miner Freeport-McMoRan Inc agreed with major Chinese copper smelters on Dec. 16, cementing $65 and 6.5 cents as the TC/RC benchmark for 2022. Miners pay TC/RCs to smelters to process ore into refined metal.

The first annual settlement between a major miner - in recent years Freeport or Antofagasta - and a Chinese smelter in the fourth-quarter "mating season" usually becomes the benchmark for the year ahead and is used in supply contracts globally.

Several Chinese smelters have already agreed annual terms with Antofagasta and the remainder should sign up by the end of this week, one of the sources said. The second source concurred some deals had been closed and others were still pending.

Both sources declined to be identified as the discussions are private. Antofagasta did not immediately respond to a request for comment.

At a meeting of the China Smelters Purchase Team (CSPT) on Wednesday, Chinese copper smelters kept their spot TC/RC floor at $70 per tonne and 7 cents per lb for the first quarter of 2022. CSPT members are not supposed to agree rates below the floor price in any spot processing deals for imported copper concentrate. (Reuters - Reporting by Tom Daly Editing by Bernadette Baum)

Govt plans to increase washed coking coal supplies to steel sector to 15 mt

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HE UNION coal ministry plans to increase washed coking coal supplies to steel sector from 3 million tonne (mt) to 15 mt.

“Coal Ministry giving further boost to steel sector; plans to enhance supply of washed coking coal to steel sector from 3 to 15 Million Ton. Two coking coal washeries commissioned, three more under construction," coal ministry said in a tweet on Wednesday.

Prime Minister Narendra Modi invited global firms to take advantage of the ₹1.97 trillion PLI schemes for 13 sectors including speciality steel and expand their manufacturing in India. This comes in the backdrop of a robust demand for steel and high prices.

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Imported coal prices could sustain at the current high levels on the back of a raft of reasons such as strong electricity demand due to strong industrial activity, winter demand, supply concerns in key exporting countries, supply chain constraints and a continued strong steel sector demand; according to India Ratings and Research (Ind-Ra).

The total coal offtake from state owned Coal India Ltd and Singareni Collieries Company Ltd (SCCL) in 2021 was 645.32 million tonne (mt) till November, according to union coal ministry.

The overall coal production from CIL and SCCL from January to November was 615.49 mt. This comes at a time when the global window for future coal mining is getting shorter with a shift happening towards meeting environment, sustainability and governance (ESG) compliance.

The country’ coal requirement is expected to go up to 1,123 mt by 2023 from the present level of 700 mt. India has the world’s fourth largest reserves and is the second-largest producer of coal. With global shift to green energy to address growing environmental concerns, the Indian government is trying to harness coal reserves within the next three decades.

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