table of contents€¦ · terakhir, volume ekspor batubara kon-sisten mengalami peningkatan....
TRANSCRIPT
Daily News Update Page 1
TABLE OF CONTENTS
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Jokowi wants to stop, what are the prospects for coal exports in the future? Ingin distop Jokowi, bagaimana prospek ekspor batubara ke depan? Antam Explores Additional Stakes in the Weda Bay Project Antam Jajaki Tambah Saham di Proyek Weda Bay Freeport Copper Production Increases, but Gold Production Declines Produksi Tembaga Freeport Meningkat, tetapi Produksi Emas Menurun Aiming Downstream in Eastern Indonesia, Adaro Is Ready to Collaborate with Outside Parties Bidik Hilirisasi di Timur Indonesia, Adaro Siap Kerjasama Dengan Pihak Luar The price trend during the pandemic does not guarantee that the expansion of gold companies will be shiny Tren harga masa pandemi tak jadi jaminan ekspansi perusahaan emas bakal berkilap PLN supplies electricity to J Resources' Doup Gold Mine PLN Pasok Listrik Tambang Emas Doup Milik J Resources Freeport Mine Can Still Produce Until 2070 Tambang Freeport Masih Bisa Berproduksi Hingga 2070 Improving Industrial Climate, Antam Prints Positive Growth in the Nickel Segment Iklim Industri Membaik, Antam Cetak Pertumbuhan Positif di Segmen Nikel Surveyor Indonesia Describe the Role of Survey Services SOE at the 2020 Indonesian Virtual Business Mission Surveyor Indonesia Paparkan Peran BUMN Jasa Survey Pada Perhelatan Indonesian Virtual Business Mission 2020 PTBA's Assisted Village Wins 2020 Proklim Lestari Award Desa Binaan PTBA Raih Penghargaan Proklim Lestari 2020
Kontan Investor Daily Bisnis Dunia Tambang Kontan Berita Satu Dunia Energi Bisnis Neraca CNBC Indonesia
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Daily News Update Page 2
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Indonesia to reduce exports of unprocessed coal Global copper production to increase in 2021 after two years of declines: ICSG Metso Outotec and Boliden renew service contract China's coal output edges down from Jan.-Sept. Coal imports rise 12% to 19 MT in September on improved consumption Siberia has world’s largest gold deposit
Vietnam+ Mining.com Mining Global Review People.cn Financial Express Metal Mining News
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Daily News Update Page 3
Jokowi wants to stop, what are
the prospects for coal exports in the future?
Reporter: Ridwan Nanda Mulyana | Editor: Tendi Mahadi
PRESIDENT Joko Widodo (Jokowi) asked
to accelerate the added value of coal. This downstreaming is deemed necessary to boost domestic coal utilization. That way, President Jokowi wants coal exports as a raw commodity to be stopped immediately.
"I want solutions to solve the slowness of the development of this coal derivative industry. Because we have been exporting raw coal for a long time, I think it must end immediately," said Jokowi at a Limited Meeting on the Acceleration of Increasing Coal Value Added on Friday (23/10).
Together with palm oil, so far coal has become a mainstay commodity which has become the main foundation for Indonesia in earning foreign exchange. Coal exports continue to be encouraged, even 75% of national coal production is always sold abroad.
Referring to data from the Ministry of Energy and Mineral Resources (ESDM), in the last five years, an increase in coal production has always been accompanied by a surge in export volume. In 2015, coal export volume was recorded at 367 million tonnes with a value of US$ 16 billion.
In 2016, coal export volume edged up to 370 million tonnes with a value of US$ 15 billion. A year later, the export volume of this black gold rose again to 389 million tons. Followed by an upward trend in prices, the value of coal exports in 2017 reached US$ 20 billion.
Ingin distop Jokowi, bagaimana
prospek ekspor batubara ke depan?
Reporter: Ridwan Nanda Mulyana | Editor: Tendi Mahadi
PRESIDEN Joko Widodo (Jokowi) menagih
percepatan nilai tambah batubara. Hilirisasi ini dinilai perlu untuk mendongkrak peman-faatan batubara di dalam negeri. Dengan begitu, Presiden Jokowi ingin agar ekspor batubara sebagai komoditas mentah bisa segera dihentikan.
"Saya ingin agar dicarikan solusi untuk menga-tasi kelambanan pengembangan indus tri turunan batubara ini. Karena kita sudah lama sekali, mengekspor batubara mentah, sehingga saya kira memang harus segera diakhiri," tegas Jokowi dalam Rapat Terbatas Percepatan peningkatan nilai tambah batubara pada Jumat (23/10).
Bersama dengan sawit, selama ini batubara telah menjadi komoditas andalan yang men-jadi tumpuan utama Indonesia dalam menge-duk devisa. Ekspor batubara pun terus di-genjot, bahkan 75% dari produksi batubara nasional selalu dijual ke luar negeri.
Merujuk data Keme nterian Energi dan Sumber Daya Mineral (ESDM), dalam lima tahun terakhir, peningkatan produksi batu-bara selalu beriringan dengan lonjakan volume ekspor. Pada tahun 2015, volume ekspor batubara tercatat 367 juta ton dengan nilai sebesar US$ 16 miliar.
Pada 2016, volume ekspor batubara naik tipis menjadi 370 juta ton dengan nilai US$ 15 miliar. Setahun kemudian, volume ekspor emas hitam ini menanjak lagi menjadi 389 juta ton. Diikuti oleh tren kenaikan harga, nilai ekspor batubara tahun 2017 mencapai US$ 20 miliar.
Daily News Update Page 4
In 2018, the volume of coal exports from Indonesia reached 429 million tonnes with a value of US$ 24 billion. Last year, the export volume had touched 455 million tons with a value of US$ 22 billion.
Looking at these data, in the last five years, the volume of coal exports has consistently increased. As for the export value, it depends on coal price movements at that time.
However, until the middle of this year, Indonesia's coal exports have reportedly decreased both in volume and value. Coal price and market movements are the cause.
ESDM Minister Arifin Tasrif said that the volume of coal exports as of July 2020 was still 238 million tons with a value of US$ 10.13 billion. This number decreased by 11% compared to the realization of the export volume in the January-July 2019 period which amounted to 266 million tons. Meanwhile, the value of coal exports also fell 22% compared to the same period last year which amounted to US$ 12.36 billion.
"The decline in coal export performance was due to the impact of the Covid-19 pandemic, which resulted in a decrease in coal demand in the global market," explained Arifin online at the 30th Anniversary event of Perhapi, Monday (14/9).
Separately, the Director General of Mineral and Coal at the Ministry of ESDM Ridwan Djamaluddin said that the projected coal export this year is 395 million tons. Starting next year, although coal production is projected to increase, the ESDM Ministry is targeting export volume to no longer skyrocket.
Starting in 2021, the government is targeting the volume of coal exports to stagnate at 441 million tons, at least until 2024. In fact,...
Pada 2018, volume ekspor batubara dari Indonesia mencapai 429 juta ton dengan nilai US$ 24 miliar. Pada tahun lalu, volume ekspor sudah menyentuh 455 juta ton dengan nilai US$ 22 miliar.
Melihat data tersebut, dalam lima tahun terakhir, volume ekspor batubara kon-sisten mengalami peningkatan. Sedangkan untuk nilai ekspor, tergantung dari per-gerakan harga batubara saat itu.
Namun, hingga pertengahan tahun ini, ekspor batubara Indonesia dikabarkan mengalami penurunan baik secara volume maupun nilai. Pergerakan harga dan pasar batubara menjadi penyebabnya.
Menteri ESDM Arifin Tasrif mengungkap-kan, volume ekspor batubara hingga Juli 2020 masih sebesar 238 juta ton dengan nilai US$ 10,13 miliar. Jumlah tersebut turun 11% dibandingkan realisasi volume ekspor pada periode Januari-Juli 2019 yang sebesar 266 juta ton. Sedangkan nilai ekspor batubara juga anjlok 22% di-bandingkan periode yang sama tahun lalu yang sebesar US$ 12,36 miliar.
"Penurunan kinerja ekspor batubara disebabkan dampak pandemi Covid-19, yang mengakibatkan penurunan kebutuh-an batubara di pasar global," jelas Arifin secara daring acara 30 tahun Perhapi, Senin (14/9) lalu.
Terpisah, Direktur Jenderal Mineral dan Batubara Kementerian ESDM Ridwan Djamaluddin menyampaikan, proyeksi ekspor batubara pada tahun ini sebesar 395 juta ton. Mulai tahun depan, meski produksi batubara diproyeksikan mening-kat, namun Kementerian ESDM menarget-kan volume ekspor tak lagi meroket.
Mulai tahun 2021 nanti, pemerintah me-nargetkan volume ekspor batubara bisa stagnan sebesar 441 juta ton, paling tidak hingga tahun 2024. Sejatinya,...
Daily News Update Page 5
In fact, preparations to reduce the volume
of exports must be made.
This is because, referring to the General
Plan for National Energy (RUEN) as
stipulated in Presidential Regulation
(Perpres) Number 22 of 2017, coal
production should be controlled at 400
million tons.
Along with the reduction in production, the
share of exports is also gradually reduced,
and coal exports will be halted by 2046.
With the projected domestic demand for
coal reaches more than 400 million tons.
Responding to this condition, Executive
Director of the Indonesian Coal Mining
Association (APBI) Hendra Sinadia claimed
that business actors actually prefer if coal
production can be fully absorbed
domestically. Unfortunately, the growth in
domestic coal consumption has not been
significant. As a result, 75% of production
is still used to meet the export market.
"We leave it to the government regarding
the policy, whether coal will be used
entirely domestically , or can still be
exported," Hendra said when contacted by
Kontan.co.id, Sunday (25/10).
Although RUEN targets coal production to
be fully utilized domestically by 2046,
Hendra said that the potential demand for
coal exports is still potential for the next 3
decades. "It is still quite good (exports),
especially in developing countries such as
Southeast Asia and South Asia," concluded
Hendra.
Sejatinya, persiapan untuk memperkecil
volume ekspor memang harus dilakukan.
Sebab, merujuk pada Rencana Umum
Energi Nasional (RUEN) yang tertuang dalam Peraturan Presiden (Perpres)
Nomor 22 Tahun 2017, produksi batubara
seharusnya dikendalikan pada angka 400 juta ton.
Seiring dengan pengurangan produksi
tersebut, porsi ekspor juga dikurangi secara bertahap, dan ekspor batubara
dihentikan paling lambat tahun 2046.
Dengan proyeksi kebutuhan batubara domestik mencapai lebih dari 400 juta ton.
Menanggapi kondisi ini, Direktur Eksekutif
Asosiasi Pertambangan Batubara
Indonesia (APBI) Hendra Sinadia meng-klaim bahwa pelaku usaha sebenarnya
lebih suka jika produksi batubara bisa
sepenuhnya diserap di dalam negeri. Sayangnya, pertumbuhan konsumsi batu-
bara dalam negeri belum signifikan.
Alhasil, 75% produksi masih digunakan untuk memenuhi pasar ekspor.
"Kami serahkan ke pemerintah mengenai
kebijakan, apakah batubara akan diguna-
kan seluruhnya dalam negeri, atau masih bisa diekspor," kata Hendra saat dihubungi
Kontan.co.id, Minggu (25/10).
Meski RUEN menargetkan produksi batu-bara bisa seluruhnya dimanfaatkan di
dalam negeri pada 2046, namun Hendra
mengatakan bahwa potensi permintaan ekspor batubara masih potensial hingga 3
dekade ke depan. "Masih cukup bagus
(ekspor) khususnya di negara-negara berkembang seperti di Asia Tenggara dan
Asia Selatan," pungkas Hendra.
Daily News Update Page 6
Antam Explores Additional Stakes in the Weda Bay Project
Farid Firdaus ([email protected])
PT ANEKA Tambang Tbk (ANTM) or
Antam is reportedly considering to increase its share ownership in PT Weda Bay Nickel from the current 10% to 40%. The share acquisition value is estimated at US$ 300 million.
Weda Bay Nickel is the owner of a nickel ore refining project using pyrometallurgi-cal technology with a capacity of 30 thousand tonnes of Ni per year. This factory is located in the Weda Bay industrial area, Central Halmahera, North Maluku. Currently, the French mining company Eramet Group and Chinese steel company Tsingshan control 90% of Weda Bay shares, and the remaining 10% is owned by Antam.
“Antam has contacted the investment bank to discuss a potential share purchase from Tsingshan Holding Group. The stock acquisition could reach US$ 300 million,” said a source quoted by Bloomberg, Friday (23/10).
He revealed that the discussion of the share purchase by Antam is still in its early stages, so there is no final decision on how much Weda Bay shares Tsingshan will sell.
Based on the Eramet website, Weda Bay started its mining operations in October 2019. The mine is estimated to contain up to 9.3 million tonnes of nickel. The content is considered to be the largest in the world. The mining contract provides for a production period of 30 years, and can be extended twice for a period of 10 years.
Antam Jajaki Tambah Saham di Proyek Weda Bay
Farid Firdaus ([email protected])
PT ANEKA Tambang Tbk (ANTM) atau
Antam dikabarkan tengah mempertim-bangkan untuk menambah kepemilikan saham pada PT Weda Bay Nickel dari saat ini 10% hingga menjadi 40%. Nilai akuisisi saham tersebut diperkirakan sekitar US$ 300 juta.
Weda Bay Nickel merupakan pemilik proyek pemurnian bijih nikel dengan teknologi pirometalurgi berkapasitas 30 ribu ton Ni per tahun. Pabrik ini berkolasi di kawasan industri Weda Bay, Halmahera Tengah, Maluku Utara. Saat ini, perusahaan tambang asal Perancis, Eramet Group bersama perusahaan baja asal Tiongkok, Tsingshan menguasai 90% saham Weda Bay, dan sisa 10% dimiliki Antam.
“Antam telah menghubungi investment banks untuk membahas potensi pembelian saham dari Tsingshan Holding Group. Akuisisi saham bisa mencapai US$ 300 juta,” kata sumber yang dikutip Bloomberg, Jumat (23/10).
Dia mengungkapkan, diskusi pembelian saham oleh Antam masih dalam tahap awal, sehingga belum ada keputusan final berapa besar saham Weda Bay yang akan dilepas Tsingshan.
Berdasarkan website Eramet, Weda Bay telah memulai operasi penambangannya pada Oktober 2019. Pada tambang tersebut diperkirakan terdapat kandungan nikel hingga 9,3 juta ton. Kandungan tersebut di-nilai menjadi yang terbesar di dunia. Kontrak tambang memberikan masa produksi selama 30 tahun, dan dapat diperpanjang dua kali untuk jangka waktu 10 tahun.
Daily News Update Page 7
Eramet was recorded entering Weda Bay in 2006 by buying shares belonging to a company from Canada, Weda Bay Capitals Inc. Meanwhile, the nickel industry was hit hard by the 2008 economic crisis which had an impact on the decline in nickel prices.
In 2013, Eramet's partner at the time, Mitsubishi, decided to leave the Weda Bay project. Eramet finally looks for a new partner. Later, Tsingshan stepped in by signing a deal in 2017.
Separately, Anta m's SVP of Corporate Secretary Kunto Hendrapawoko said, in principle, Antam will continue to focus on expanding downstream mineral processing which provides positive added value as well as expanding the reserve and resource base. Until 2019, Antam's nickel ore reserves were recorded at 353.74 million wet metric tons (wmt) with nickel ore resources reaching 1.36 billion wmt.
"The potential reserves and nickel mineral resources are one of the strengths in developing the company's business scale. This is done through the downstreaming of nickel minerals in order to create added value for Antam's nickel products and increase positive contributions to the state and society,” he explained to Investor Daily.
Antam, continued Kunto , is open to establishing partnerships with strategic partners based on profitable profitability in developing downstream projects, both nationally and internationally . The company is open to partners who have access to technology and funding to develop new processed mineral production from the company's reserves.
He added that the company focuses on business development to increase profit and EBITDA, and continues to strive to further reduce cash costs, increase cost competitiveness, and improve core business performance to increase revenue.
Eramet terekam masuk ke Weda Bay pada 2006 dengan membeli saham milik per-usahan asal Kanada, Weda Bay Capitals Inc. Adapun industri nikel sempat terpukul akibat krisis ekonomi 2008 yang berdampak terhadap turunnya harga nikel.
Pada 2013, mitra Eramet kala itu, yakni Mitsubishi memutuskan hengkang dari proyek Weda Bay. Eramet akhirnya mencari mitra baru. Kemudian, Tsingshan masuk dengan me-nandatangani kesepakatan pada 2017.
Secara terpisah, SVP Corporate Secretary Antam Kunto Hendrapawoko mengatakan, pada prinsipnya, Antam terus berfokus pada ekspansi pengolahan mineral ke hilir yang memberikan nilai tambah positif serta perluasan basis cadangan dan sumber daya. Hingga tahun 2019 tercatat posisi cadangan bijih nikel Antam sebesar 353,74 juta wet metric ton (wmt) dengan sumber daya bijih nikel mencapai sebesar 1,36 miliar wmt.
“Potensi cadangan dan sumberdaya mineral nikel tersebut menjadi salah satu kekuatan dalam pengembangkan skala bisnis per-usahaan. Ini dilakukan melalui hilirisasi mineral nikel guna menciptakan nilai tambah produk nikel Antam serta meningkatkan kontribusi positif bagi negara dan masya-rakat,” jelas dia kepada Investor Daily.
Antam, lanjut Kunto, terbuka menjalin kemitraan dengan mitra strategis berdasarkan profitabilitas menguntungkan dalam mengem-bangankan proyek-proyek hilirisasi, baik nasional maupun internasional. Perseroan terbuka terhadap mitra kerja yang memiliki akses terhadap teknologi dan pendanaan untuk mengembangkan produksi mineral olahan baru dari cadangan yang dimiliki perseroan.
Dia menambahkan, perseroan fokus pada pengembangan bisnis untuk meningkatkan laba dan EBITDA, serta tetap berupaya me-nurunkan lebih lanjut cash cost, meningkat-kan daya saing biaya, dan peningkatan kinerja bisnis inti untuk meningkatkan revenue.
Daily News Update Page 8
Performance
During the third quarter of 2020, Antam recorded unaudited ferronickel production of 6,371 tonnes of nickel in ferronickel (TNi), an increase of 6% compared to production in the third quarter of 2019 of 6,035 TNi. Meanwhile, unaudite d ferronickel sales in the third quarter of 2020 were recorded at 6,462 TNi. The accumulated achievements of Antam's unaudited ferronickel production and sales during January-September 2020 were 19,133 TNi and 19,507 TNi, respectively.
For nickel ore, unaudited nickel ore production used as raw material for Antam's ferronickel plant and sales to domestic customers during the third quarter of 2020 reached 1.49 million wmt, growing 100% compared to nickel ore production in the second quarter of 2020 of 745 thousand. wmt.
During January-September 2020, Antam's unaudited nickel ore production reached 2.86 million wmt with unaudited sales reaching 1.21 million wmt. According to management, in facing the challenges of global commodity price volatility, Antam has focused on reducing cash production costs and implementing strategic policies related to appropriate and optimal cost effic iency initiatives. Ed i tor: Jauh ari Mahardhika ([email protected])
Kinerja
Selama kuartal III-2020 Antam mencatatkan produksi feronikel unaudited sebesar 6.371 ton nikel dalam feronikel (TNi), tumbuh 6% dibandingkan capaian produksi pa d a periode kuartal III-2019 sebesar 6.035 TNi. Sementara itu, penjuala n unau dited feronikel pada kuartal III-2020 tercatat mencapai 6.462 TNi. Akumulasi capaian kinerja produksi dan penjualan unaudited feronikel Antam se panj ang Januari-September 2020 masing-masing sebesar 19.133 TNi dan 19.507 TNi.
Untuk komoditas bij ih ni kel , tercatat produksi bij ih ni kel una udited yang digunakan sebagai bahan baku pabrik feronikel Antam dan penjualan kepada pelanggan domestik selama kuartal III-2020 mencapai 1,49 juta wmt, tumbuh 100% dibandingkan produksi bijih nikel pada kuartal II-2020 sebesar 745 ribu wmt.
Sepanjang Januari-September 2020, pro-duksi unaudited bijih nikel Antam mencapai 2,86 juta wmt dengan tingkat penjualan unaudited mencapai 1,21 juta wmt. Menurut manajemen, dalam menghadapi tantangan volatilitas harga komoditas global, Antam fokus pada upaya penurunan biaya tunai produksi serta implementasi kebijakan strategis terkait inisiatif efisiensi biaya yang tepat dan optimal. Editor : Jauhari Mahardhika ([email protected])
Freeport Copper Production Increases, but Gold Production
Declines
AS of the third quarter of 2020, PT Freeport Indonesia (PTFI) recorded an increase in copper production compared to the same period last year, while its gold production decreased.
Produksi Tembaga Freeport Meningkat, tetapi Produksi Emas
Menurun
SAMPAI dengan kuartal III/2020, PT Freeport Indonesia (PTFI) mencatat kenaikan produksi tembaga dibandingkan dengan periode yang sama tahun lalu, sedangkan produksi emasnya mengalami penurunan.
Daily News Update Page 9
Based on Freeport-McMoRan Inc.'s third quarter 2020 financial and operating reports (FCX), the copper produced by Freeport Indonesia until September 2020 reached 543 mill ion pounds. This realization was up 17.78 percent compared to the realization of production in the same period the previous year which reached 461 million pounds.
In line with the increase in production, Freeport Indonesia's copper sales also increased. In the first 9 months of this year, Freeport Indonesia's copper sales reached 518 million pounds, an increase of 11.63 percent compared to sales in the same period last year of 464 million pounds.
The average selling price also increased from US$ 2.70 per pound to US$ 2.79 per pound.
Meanwhile, the gold production of the company operating in Papua during January-September 2020 reached 577,000 ounces. This achievement was down 10.54 percent compared to the realization in the same period last year, which was 645,000 ounces.
The decline in gold production was also followed by lower sales of this commodity. In the third quarter of this year, Freeport Indonesia posted gold sales of 549,000 ounces, down 16.69 percent compared to the third quarter of last year which reached 659,000 ounces.
However, the average selling price of gold has increased, reaching US$ 1,810 per ounce. The selling price is higher than the average selling price in the same period last year at US$ 1,380 per ounce.
"PTFI's FCX consolidated sales volume is estimated to be around 790 million pounds of copper and 0.8 million ounces of gold for 2020," said Freeport-McMoRan President & CEO Richard C. Adkerson in his report, quoted on Sunday (25/10/2020).
Berdasarkan laporan keuangan dan operasi kuartal III/2020 Freeport-McMoRan Inc. (FCX), tembaga yang dihasilkan Freeport Indonesia sampai dengan September 2020 mencapai 543 juta pound. Realisasi tersebut naik 17,78 persen dibandingkan dengan realisasi produksi pada periode yang sama tahun sebelumnya yang mencapai 461 juta pound.
Seiring dengan kenaikan produksi, penjualan tembaga Freeport Indonesia juga mengalami kenaikan. Pada 9 bulan pertama tahun ini, pen-jualan tembaga Freeport Indonesia mencapai 518 juta pound atau naik 11,63 persen di-bandingkan dengan penjualan pada periode yang sama tahun lalu sebanyak 464 juta pound.
Harga jual rata-ratanya pun mengalami kenaikan dari US$2,70 per pound menjadi US$2,79 per pound.
Sementara itu, produksi emas perusahaan yang beroperasi di Papua itu sepanjang Januari-September 2020 mencapai 577.000 ounce. Capaian ini turun 10,54 persen di-bandingkan dengan realisasi pada periode yang sama tahun lalu, yakni 645.000 ounce.
Penurunan produksi emas juga diikuti dengan turunnya penjualan komoditas ter-sebut. Pada kuartal ketiga tahun ini, Freeport Indonesia membukukan penjualan emas sebanyak 549.000 ounce atau turun 16,69 persen dibandingkan dengan kuartal ketiga tahun lalu yang mencapai 659.000 ounce.
Namun, harga jual rata-rata emas mengalami kenaikan, yakni mencapai US$1.810 per ounce. Harga jual tersebut lebih tinggi dari rata-rata harga jual pada periode yang sama tahun lalu senilai US$1.380 per ounce.
"Volume penjualan konsolidasi FCX dari PTFI diperkirakan mencapai sekitar 790 juta pound tembaga dan 0,8 juta ounce emas untuk tahun 2020," ujar President & CEO Freeport-McMoRan Richard C. Adkerson dalam laporannya, yang dikutip Minggu (25/10/2020).
Daily News Update Page 10
He said that as PTFI continues to increase
its underground mine ore production,
production is expected to increase significantly in 2021 compared to the last 2
years. By: Denis Riantiza Meilanova, Editor:
Zufrizal
Dia mengatakan bahwa seiring dengan upaya PTFI untuk terus meningkatkan produksi bijih tambang bawah tanahnya, produksi diperkirakan meningkat secara signifikan pada 2021 dibandingkan dengan 2 tahun terakhir ini. Oleh : Denis Riantiza Meilanova, Editor: Zufrizal
Aiming Downstream in Eastern Indonesia, Adaro Is Ready to
Collaborate with Outside Parties Author: Edo Fernando, Editor: Ocky PR.
PT ADARO Energy is aiming for
cooperation with domestic and foreign investors to enter the coal downstream industry, namely by forming a joint venture or Joint Venture. Eastern Indonesia is the target of this potential cooperation by conducting in -depth studies.
Adaro Energy's high-ranking officials claim to support the government's decisions regarding the downstreaming of coal, as they have stated in the Job Creation Law. Adaro Energy admits that currently it is still exploring the best opportunities for downstreaming coal, and it is likely that it will be dropped on the coal gasification project into Dimethyl Ether (DME).
"As a national company, we also always support whatever is needed by the government. Because for us the interests of the Indonesian people are always number one. Whether the downstream project will be coal to methanol or coal to gas, we will adjust it to the company's business model,” said Garibaldi Thohir.
Bidik Hilirisasi di Timur Indonesia, Adaro Siap
Kerjasama Dengan Pihak Luar Penulis : Edo Fernando, Editor : Ocky PR.
PT ADARO Energy tengah membi dik
kerjasama dengan investor dalam negeri maupun investor asing untuk masuk dalam industri hilirisasi batubara, yakni dengan membentuk perusahaan patungan atau Joint Venture. Kawasan timur Indonesia menjadi target kerja sama potensial itu dengan melakukan studi mendalam.
Jajaran petinggi Adaro Energy mengaku mendukung apa yang diputuskan oleh pemerintah terkait hil ir isasi bat ubara, seperti yang telah mereka tuangkan dalam UU Cipta Kerja. Adaro Energy mengaku saat ini masih mendalami peluang terbaik dalam melakuka n hil ir isasi batubara, dan kemungkinan besar akan dijatuhkan pada proyek gasifikasi batubara menjadi Dimethyl Ether (DME).
“Sebagai perusahaan nasional, kami pun selalu mendukung apa saja yang dibutuhkan oleh pemerintah. Karena bagi kami kepen-tingan bangsa Indonesia selalu nomor satu. Apakah proyek hilirisasi itu nantinya coal to methanol atau coal to gas, kami akan menye-suaikan dengan model bisnis perusahaan,” kata Garibaldi Thohir.
Daily News Update Page 11
The reason for Adaro Energy's down-stream project was decided to be in eastern Indonesia, because so far the mine has been located in that area, and far from the islands of Java and Sumatra. So that if it is close to the mine site, the production process will be more efficient later. He is also very optimistic that he can be a reliable partner, because he has abundant coal reserves and is supported by an integrated and strong infrastructure.
"Starting from the power plant, manpower to transportation, our infrastructure can be relied on. So that later if there are other parties who want to cooperate, they can see Adaro's promising portfolio," added Garibaldi Thohir.
Garibaldi Thohir also revealed the strategy the company was implementing when the pandemic outbreak hit. The company prefers a survival strategy and as much as possible does not make new expansion, for example into other sectors. This is because the company's capital expenditure budget for this year is focused on the mining sector.
Adapun alasan proyek hilirisasi Adaro Energy diputuskan berada di kawasan timur Indonesia, karena selama ini lokasi tambang-nya berada di kawasan tersebut, dan jauh dari pulau Jawa dan Sumatera. Sehingga jika dekat dengan lokasi tambang, maka proses produksi nantinya bisa menjadi lebih efisien. Pihaknya pun juga sangat optimis bisa menjadi rekan kerja yang bisa diandalkan, karena memiliki cadangan batubara yang melimpah dan didukung infrastruktur yang terintegrasi dan kuat.
“Mulai dari power plant, tenaga kerja hingga transportasi, infrastruktur kami bisa di-andalkan. Sehingga nanti jika ada pihak lain yang ingin melakukan kerjasama, mereka bisa melihat portofolio Adaro yang men-janjikan,” tambah Garibaldi Thohir.
Garibaldi Thohir juga mengungkapkan strategi yang dijalankan perusahaan di saat wabah pandemi melanda. Perusahaan lebih memilih ke strategi bertahan dan sebisa mungkin tidak melakukan ekspansi baru, misal ke sektor lainnya. Sebab anggaran belanja modal perusahan untuk tahun ini, difokuskan untuk sektor pertambangan.
The price trend during the pandemic does not guarantee
that the expansion of gold companies will be shiny
Reporter: Ridwan Nanda Mulyana | Editor: Handoyo
GOLD and precious metal price trends
during the Covid-19 pandemic tend to be shiny. Increased interest and awareness of the community and investment helped to increase the price of precious metals to a level of Rp. 1 million per gram.
Tren harga masa pandemi tak jadi jaminan ekspansi
perusahaan emas bakal berkilap
Reporter: Ridwan Nanda Mulyana | Editor: Handoyo
TREN harga emas dan logam mulia selama
masa pandemi covid-19 cenderung ber-kilap. Meningkatnya minat dan kesadaran msayarakat dan berinvestasi ikut men-dongkrak lonjakan harga logam mulia hingga ke level Rp 1 juta per gramnya.
Daily News Update Page 12
Main Services Analyst at Capital Sekuritas Chris Apriliony revealed, although recently the trend of gold prices was in a bullish phase or was correcting after its highest level, the prospect of price strengthening remains.
This condition will certainly have an impact on the performance of gold issuers. However, Chris sees that in terms of income, the impact of rising gold prices is still not clearly defined. "It is possible because some contracts have also been hedged, so there may be contract adjustments in Q3 or Q4 later," said Chris to Kontan.co.id, Sunday (25/10).
However, specifically for the precious metals segment, Chris emphasized the psychological effect when it passed the Rp 1 million level. By passing the highest level, prices tend to fluctuate, so people tend to choose to wait and see.
"The psychological figure of gold at the price of Rp. 1 million certainly makes people think whether the price of gold will tend to increase? For this reason, the price of gold tends to fluctuate in the area of Rp. 1 million and causes people today to wait and see to see the development of gold prices going forward," said Chris.
Furthermore, Chris considered that if the price of gold could remain at the current level, it was not impossible that this condition would encourage gold commodity companies to expand their business to a downstream segment.
"Because in the last few years, many companies have started to enter the gold business, so the development of the downstream gold business is likely to be realized in the future," Chris continued.
Talking about business development, PT Bumi Resources Tbk (BUMI) is a mining issuer that is serious about developing gold commodities. Through PT Bumi Resources Minerals Tbk (BRMS),...
Analis Jasa Utama Capital Sekuritas Chris Apriliony mengungkapkan, meski belakangan ini tren harga emas dalam fase bullish atau sedang terkoreksi setelah level tertingginya, namun prospek penguatan harga masih tetap ada.
Kondisi ini tentu bakal berdampak terhadap kinerja emiten emas. Hanya saja, Chris melihat bahwa dari sisi pendapatan, dampak kenaikan harga emas masih belum tergambar secara jelas. "Kemungkinan karena beberapa kontrak juga mengalami hedging, sehingga kemung-kinan akan ada penyesuaian kontrak pada Q3 atau Q4 nanti," kata Chris kepada Kontan.co.id, Minggu (25/10).
Namun, khusus untuk segmen logam mulia, Chris menekankan adanya efek psikologis ketika sudah melewati level Rp 1 juta. Dengan melewati level tertinggi, harga cen-derung akan berfluktuasi, sehingga masya-rakat cenderung memilih untuk wait and see.
"Angka psikologis emas di harga Rp 1 juta tentu juga membuat masyarakat berfikir apakah harga emas akan cenderung me-ningkat? untuk itu harga emas cenderung berfluktuatif pada area Rp 1 juta dan menyebabkan masyarakat saat ini lebih wait and see melihat perkembangan harga emas kedepannya," jelas Chris.
Lebih jauh, Chris menilai bahwa jika harga emas dapat bertahan pada level sekarang, bukan tak mungkin kondisi itu akan men-dorong perusahaan-perusahaan komoditas emas untuk mengembangkan bisnisnya ke segmen yang lebih hilir.
"Karena beberapa tahun terakhir ini banyak perusahaan yang mulai masuk kedalam bisnis emas sehingga pengembangan bisnis hilir emas kemungkinan akan terealisasi kedepannya," sambung Chris.
Berbicara pengembangan bisnis, PT Bumi Resources Tbk (BUMI) menjadi emiten pertambangan yang serius mengembangkan komoditas emas. Melalui PT Bumi Resources Minerals Tbk (BRMS),...
Daily News Update Page 13
Through PT Bumi Resources Minerals Tbk (BRMS), now the BUMI Group is optimistic that production and revenue from the gold segment can continue to grow.
"The prospect is attractive and presents a very promising value added potential for BRMS and BUMI in the medium term," said Dileep.
Moreover, Dileep is optimistic that in times of economic pressure like today, interest in making gold as a safe haven or hedge will be increasingly in demand. "The pandemic vaccine until next year can also increase the demand for gold," he continued.
Just so you know, throughout the first semester of 2020, the production facility owned by BRMS in Poboya, Palu, has produced and shipped 25.25 kilograms of dore bullion to the Precious Metal smelter which is operated by PT Aneka Tambang Tbk. (Antam) in Jakarta.
Meanwhile, the production facility in Poboya, Palu, has the capacity to process up to 500 tons of gold ore per day, which is currently managed by PT Cita Palu Minerals (CPM), a subsidiary of BRMS. After successful ly operating the first factory, BRMS is also building a second factory with a capacity of up to 4,000 tons of ore per day.
Not to forget, PT Aneka Tambang Tbk (ANTM) is currently exploring business development from upstream to downstream gold sales. ANTM Senior Vice President Corporate Secretary Kunto Hendrapawoko said, to strengthen the gold business portfolio, ANTM is currently exploring several business opportunities from upstream to downstream.
On the upstream side, ANTM is currently actively carrying out exploration activities in the mining business permit (IUP) areas of companies such as in Pongkor. In addition, ANTM also conducted reviews in several prospect areas such as the Bintang Mountains, Papua and in Papandayan, West Java.
Melalui PT Bumi Resources Minerals Tbk (BRMS), kini Group BUMI optimistis pro-duksi dan pendapatan dari segmen emas bisa terus bertumbuh.
"Prospek me narik dan me nghadirka n potensi pertambahan nilai yang sangat men-janjikan untuk BRMS dan BUMI dalam jangka menengah," ungkap Dileep.
Apalagi, Dileep optimistis pada masa tekanan ekonomi seperti saat ini, minat untuk men-jadikan emas sebagai safe haven atau lindung nilai akan kian diminati. "Vaksin pandemi hingga tahun depan juga dapat meningkatkan permintaan emas," sambungnya.
Asal tahu saja, sepanjang semester I-2020, fasilitas produksi miliki BRMS di Poboya, Palu, telah memproduksi dan mengirimkan 25,25 kilogram dore bullion ke fasilitas pemurnian (smelter) Logam Mulia yang dioperasikan oleh PT Aneka Tambang Tbk. (Antam) di Jakarta.
Adapun, fasilitas produksi di Poboya, Palu, memiliki kapasitas untuk mengolah sampai dengan 500 ton bijih emas per hari yang saat ini dikelola oleh PT Cita Palu Minerals (CPM) yang merupakan anak usaha BRMS. Setelah sukses mengoperasikan pabrik pertamanya tersebut, BRMS juga tengah membangun pabrik kedua dengan kapasitas hingga 4.000 ton bijih per hari.
Tak ketinggalan, PT Aneka Tambang Tbk (ANTM) saat ini juga terus menjajaki pengem-bangan bisnis dari hulu tambang hingga ke hilir penjualan emas. Senior Vice President Corporate Secretary ANTM Kunto Hendra-pawoko menyampaikan, untuk memperkuat portofolio bisnis emas, ANTM sedang melaku-kan penjajakan beberapa peluang bisnis dari hulu ke hilir.
Di sisi hulu, saat ini ANTM tengah aktif melakukan kegiatan eksplorasi di wilayah Izin Usaha Pertambangan (IUP) perusahaan seperti di Pongkor. Selain itu, ANTM juga melakukan tinjauan di beberapa daerah prospek seperti di wilayah Pegunungan Bintang, Papua dan di Papandayan, Jawa Barat.
Daily News Update Page 14
"Currently, apart from managing the mine organically and through its subsidiaries, ANTM also has several gold mine management collaborations with strategic partners," said Kunto.
Furthermore, Kunto said that the composition of MIND ID members currently opens up opportunities for ANTM to work together in managing national mining assets. Especially in supporting the development of an integrated mineral business downstream.
Meanwhile, from the downstream side, ANTM will continue to strengthen its precious metals business line, through product innovation and market expansion. Currently ANTM has entered into online transactions for the sale of precious metals.
Kunto said, ANTM was developing a strategy to focus on strengthening Logam Mulia's gold retail business in the domestic market both in terms of strengthening in terms of supply, infrastructure, technology, organization, funding a nd product distribution systems.
One of them is by conducting a review of gold business governance both organically and through subsidiaries to support this strategy. "ANTM is always open to opportunities that support the strengthening of the gold commodity business from upstream to downstream which is expected to strengthen the Company's profit and EBITDA growth," explained Kunto.
In contrast to BRMS and ANTM, PT United Tractors Tbk (UNTR) chose to develop its business in the upstream mine in the current area. UNTR Corporate Secretary Sara K. Loebis admitted that the increase in gold prices had a positive impact on company performance.
However, Sara emphasized that UNTR's gold mining business plan is not directly determined by market sentiment and fluctuating gold prices. Thus,...
"Saat ini, selain mengelola tambang secara organik maupun melalui anak usaha, ANTM juga memiliki beberapa kerja sama pengelolaan tambang emas bersama mitra strategis," kata Kunto.
Lebih jauh, Kunto mengatakan bahwa komposisi anggota MIND ID saat ini mem-buka kesempatan bagi ANTM untuk ber-sinergi dalam pengelolaan aset pertam-bangan nasional. Khususnya dalam men-dukung pengembangan hilirisasi bisnis mineral yang terintegrasi.
Sedangkan dari sisi hilir, ANTM bakal terus memperkuat lini bisnis logam mulia, melalui inovasi produk dan perluasan pasar. Saat ini ANTM telah merambah transaksi online untuk penjualan logam mulia.
Kunto bilang, ANTM sedang menyusun strategi untuk fokus pada penguatan bisnis retail emas Logam Mulia di pasar domestik baik penguatan dari sisi pasokan, infra-struktur, teknologi, organisasi, pendanaan serta sistem distribusi produk.
Salah satunya dengan melakukan kajian tata kelola bisnis emas baik secara organik maupun melalui anak usaha untuk men-dukung strategi tersebut. "ANTM senan-tiasa terbuka terhadap peluang-peluang yang mendukung penguatan bisnis komo-ditas emas dari hulu ke hilir yang diharap-kan akan memperkuat pertumbuhan laba dan EBITDA Perusahaan," terang Kunto.
Berbeda dengan BRMS dan ANTM, PT United Tractors Tbk (UNTR) memil ih untuk mengembangkan bisnis di hulu tambang pada wilayah yang ada saat ini. Sekretaris Perusahaan UNTR Sara K. Loebis mengakui, kenaikan harga emas berdampak positif terhadap kinerja perusahaan.
Namun, Sara menegaskan bahwa rencana bisnis penambangan emas UNTR tidak ditentukan langsung oleh sentimen pasar dan harga emas yang berfluktuasi. Sehingga,...
Daily News Update Page 15
Thus, UNTR has not been tempted to expand its gold business, and is still focused on production and exploration.
"Market sentiment towards gold as an investment tool can go up and down. Our focus is still on mining and exploration activities, we have no plans to go downstream," said Sara when contacted by Kontan.co.id, Sunday (25/10).
Prospect of Precious Metals IPO
Based on information circulating recently, ANTM is carrying out a transformation in the downstream gold business. ANTM is reportedly in the middle of forming a subsidiary to manage the metal business starting with the potential to make a listing on the stock exchange, aka Initial Public Offering (IPO).
If the plan is to be realized, the Director of TRFX Garuda Berjangka Ibrahim Assuabi reminds ANTM to be careful. According to Ibrahim, it will be very risky if an IPO is carried out in the near future.
He explained, last August, the price of gold had touched its highest level in 2090. After that, the trend of gold prices no longer skyrocketed and became fluctuating. As a result, an IPO of a gold or precious metal company will not necessarily generate high investment interest.
"It will not automatically be in demand. Because people switch that speculation in precious metals is quite high. Due to economic uncertainty, there is a recession," said Ibrahim.
Therefore, Ibrahim considered that the IPO plan should only be carried out when the Covid-19 pandemic is handle d and economic conditions are more stable. "The time is r ight when the economy is improving, stable, especially GDP has reached 4. If it's still below, don't expect to be crowded," he said.
Sehingga, UNTR belum tergoda untuk melakukan ekspansi bisnis emas, dan masih fokus untuk melakukan produksi dan eksplorasi.
"Sentimen pasar terhadap emas sebagai alat investasi bisa naik dan turun. Fokus kami masih pada kegiatan penambangan dan eksplorasi, kami tidak ada rencana ke hil ir ," ungkap Sara saat di hubungi Kontan.co.id, Minggu (25/10).
Prospek IPO Logam Mulia
Berdasarkan informasi yang beredar belakangan ini, ANTM tengah melakukan transformasi di bisnis hilir emas. ANTM dikabarkan tengah membentuk anak usaha untuk mengelola bisnis logam mulai dan nantinya berpotensi untuk melakukan pencatatan di bursa saham alias Initial Public Offering (IPO).
Jika rencana tersebut akan direalisasikan, Direktur TRFX Garuda Berjangka Ibrahim Assuabi mengingatkan agar ANTM berhati-hati. Me nurut Ibrahim, aka n sangat berisiko jika IPO dilakukan dalam waktu dekat ini.
Dia menerangkan, pada Agustus lalu, harga emas sempat menyentuh level tertinggi di 2090. Setelah itu, tren harga emas tak lagi meroket dan menjadi berfluktuasi. Alhasil, IPO perusahaan emas atau logam mulia belum tentu akan mendatangkan minat investasi yang tinggi.
"Tidak otomatis akan diminati. Karena orang beralih bahwa di logam mulia spekulasi cukup tinggi. Karena ketidak jelasan ekonomi, ada resesi," kata Ibrahim.
Oleh sebab itu, Ibrahim menilai bahwa rencana IPO sebaiknya baru dilakukan ketika pandemi covid-19 tertangani dan kondisi perekonomian lebih stabil. "Waktu yang tepat pada saat sudah ekonomi membaik, stabil, terutama PDB sudah mencapai 4. Kalau masih di bawah, jangan harap ramai," katanya.
Daily News Update Page 16
PLN supplies electricity to J Resources' Doup Gold Mine
By: Whisnu Bagus Prasetyo/WBP
THE GOLD mining company, PT Arafura
Surya Alam (ASA), a subsidiary of PT J
Resources Asia Pasifik Tbk (PSAB) has
signed a Power Purchase and Purchase Agreement (PJBTL) with PT PLN (Persero).
Under the agreement, PT PLN will sell
electricity with premium silver industrial
tariff service for LI-3/20 MVA to ASA.
Electric power will be distributed for purposes in Kotabunan Village, Kotabunan
District, Bolaang Mongondow Timur
Regency, North Sulawesi.
This virtual signing was carried out by
Director of PT Arafura Surya Alam Budi Santoso and GM of PT PLN (Persero) Main
Unit for North, Central and Gorontalo
Region, Leo Basuki Bremani. Also watching GM PLN UIP Southeast Sulawesi Mimin
Insani.
"The concern about the sluggish economy
will be reduced, because on the other hand
there are some that are stretching, growing, one of which is PT ASA. So we
dedicate electricity to PT ASA," said Leo
Basuki in his written statement Monday (26/10/2020).
Leo said, if PT ASA needed electricity
outside of the project needs at that
location, as well as for the electricity needs
of employees, PLN was ready to serve. Currently, PLN is building a transmission
network from the Otam substation (GI) to
the Tutuyan Substation. The progress has reached 20% and is expected to be
completed in June 2021.
PLN Pasok Listrik Tambang Emas Doup Milik J Resources
Oleh : Whisnu Bagus Prasetyo/WBP
PERUSAHAAN tambang emas, PT Arafura
Surya Alam (ASA), anak usaha PT J
Resources Asia Pasifik Tbk (PSAB) telah
menandatangani Perjanjian Jual Beli Tenaga Listrik (PJBTL) dengan PT PLN
(Persero).
Dalam perjanjian tersebut, PT PLN akan
menjual tenaga listrik dengan Layanan
premium silver tarif industri LI-3/20 MVA kepada ASA. Tenaga listrik akan disalurkan
untuk keperluan di Desa Kotabunan,
Kecamatan Kotabunan, Kabupaten Bolaang Mongondow Timur, Sulawesi Utara.
Penandatanganan secara virtual ini di-
lakukan Direktur PT Arafura Surya Alam
Budi Santoso dan GM PT PLN (Persero)
Unit Induk Wilayah Sulawesi Utara, Tengah dan Gorontalo, Leo Basuki Bremani. Turut
menyaksika n GM PLN UIP Sultenggo
Mimin Insani.
“Kekhawatiran semakin lesunya ekonomi
menjadi terkurangi, karena di sisi lain ada yang menggeliat, bertumbuh, salah satunya
PT ASA. Maka kami mendedikasikan
tenaga listrik untuk PT ASA,” ungkap Leo Basuki dalam keterangan tertulisnya Senin
(26/10/2020).
Leo mengatakan, bila PT ASA mem-
butuhkan listrik di luar kebutuhan proyek
di lokasi tersebut, juga untuk kebutuhan listrik karyawan, PLN siap melayani. Saat
ini PLN sedang membangun jaringan
transmisi dari gardu induk (GI) Otam ke GI Tutuyan. Progresnya sudah mencapai 20%
dan diperkirakan selesai Juni 2021.
Daily News Update Page 17
Meanwhile Budi Santoso admitted that this was an important milestone in the development of the Doup project managed by PT ASA. "The commitment and guarantee of electricity needs for the ASA gold mine project gives high confidence to achieve the target of completing the construction of the Doup project by the end of 2021," said Budi.
Apart from the Doup gold mine, PSAB also operates the Bakan gold mine managed by PT J Resources Bolaang Mongondow, the Seruyung gold mine, North Kalimantan managed by PT Sago Prima Pratama and the Penjom Gold Mine in Malaysia.
Sementara Budi Santoso mengakui bahwa ini merupakan milestone penting dalam pengembangan proyek Doup yang dikelola PT ASA. “Adanya komitmen serta jaminan kebutuhan tenaga listrik untuk proyek tambang emas ASA memberikan keyakinan tinggi untuk mencapai target penyelesaian konstruksi proyek Doup pada akhir 2021,” tandas Budi.
Selain tambang emas Doup, PSAB juga mengoperasikan tambang emas Bakan yang dikelola PT J Resources Bolaang Mongondow, Tambang emas Seruyung, Kalimantan Utara yang dikelola PT Sago Prima Pratama dan Tambang Emas Penjom di Malaysia.
Freeport Mine Can Still Produce Until 2070 Rio Indrawan
THE NATURAL wealth in Papua is real. One
thing that can be seen is how PT Freeport Indonesia has been conducting activities for more than 30 years and will continue to extract copper and minerals in it, including gold until 2041. Don't think that after 2041 the reserves in the Freeport mine area will run out, because based on exploration results the Grasberg mine reserves can actually be produced for another 70 years or 2070.
Wahyu Sunyoto, Senior Vice President for Exploration Division of Mineral Industry Indonesia (MIND ID), said that based on the latest data collection, the amount of resources in the Grasberg mine area still reaches 4 billion tons. For reserves reaching 1.8 billion tons which will be mined until 2041, with proven + probable reserves for Freeport Indonesia's gold as a whole until December 31, 2019, a total of 29.08 million troy oz.
Tambang Freeport Masih Bisa Berproduksi Hingga 2070
Rio Indrawan
KEKAYAAN alam di bumi Papua memang
nyata. Salah satu yang bisa dilihat adalah bagaimana PT Freeport Indonesia yang telah melakukan kegiatan selama lebih dari 30 tahun dan akan terus mengeruk tembaga dan mineral di dalamnya, termasuk emas hingga 2041. Jangan mengira setelah 2041 cadangan di area tambang Freeport akan habis, karena berdasarkan hasi l eksplorasi cadangan tambang Grasberg sebenarnya masih bisa diproduksi hingga 70 tahun lagi atau 2070.
Wahyu Sunyoto, Senior Vice President for Exploration Division Mineral Industry Indonesia (MIND ID), mengatakan berdasar-kan hasil pendataan terakhir jumlah sumber daya di area tambang Grasberg masih men-capai 4 miliar ton. Untuk cadangan mencapai 1,8 miliar ton yang akan ditambang hingga 2041, dengan cadangan (proven+probable) untuk emas Freeport Indonesia secara keseluruhan sampai 31 Desember 2019 total sebesar 29.08 juta troy oz.
Daily News Update Page 18
According to Wahyu, the 1.8 billion tonnes
of recorded ore reserves are planned to be
exhausted in 2041 or in accordance with
the Freeport Indonesia contract period.
But that doesn't mean the reserves run out.
Because if you look at the resources that
are still four billion tons, the potential for
large reserves is very open.
“Indicated categories are still around 2.6
billion tonnes. This is Freeport's future. If
you say that 2.6 billion can be converted
into 50% reserves with a production
capacity of 150 thousand tons of ore per
day, then it will still be around until 2070.
Not if Freeport does exploration activities,”
Wahyu said in a virtual discussion,
Thursday (22/10).
Wahyu said this would be the future of the
Grasberg mine area. MIND ID as the
holding company for PTFI or the mining
holding must now have a plan for the huge
potential that is still stored in Grasberg
because if it doesn't start now, the
development cannot be maximized.
Wahyu said that currently Freeport
Indonesia is still carrying out exploration
activities. It's just that the exploration is
done on a small scale, not aimed at finding
new resources.
"What is the challenge because MIND ID
controls about 50% of Freeport
Indonesia's shares, so we have to plan
ahead in advance. If it is not planned now,
the 2.6 bil l ion tonnes of indicated
resources that could be extracted will be
only 1/3 or not half of it," said Wahyu. (RI)
Menurut Wahyu, 1,8 miliar ton cadangan
ore yang tercatat direncanakan habis pada
2041 atau sesuai dengan masa kontrak Freeport Indonesia. Tapi bukan berarti
cadangannya habis. Karena jika dilihat dari
sumber daya yang masih empat miliar ton maka potensi masih adanya cadangan
dalam jumlah besar sangat terbuka.
“Sumber daya yang kategori indicated
masih sekitar 2,6 miliar ton. Ini masa depan Freeport. Kalau katakanlah 2,6
miliar bisa dikonversi jadi cadangan 50%
dengan kapasitas produksi mil 150 ribu ton ore per hari maka umurnya masih bisa
sekitar sampai 2070. Belum kalau Freeport
melakukan ke giatan e ksplorasi,” kata Wahyu dalam disk usi virtual , Kamis
(22/10).
Ini kata Wahyu akan menjadi masa depan dari area tambang Grasberg. MIND ID
sebagai induk PTFI atau holding tambang
sekarang harus memiliki perencanaan terhadap potensi besar yang masih ter-
simpan di Grasberg karena jika tidak
dimulai dari sekarang maka pengem-bangan tidak bisa maksimal.
Wahyu mengatakan saat ini Freeport
Indonesia masih melakukan kegiatan
eksplorasi. Hanya saja eksplorasi yang dilakukan skalanya kecil, tidak ditujukan
untuk menemukan sumber daya baru.
“Tantangan bagaimana karena MIND ID
menguasai sekitar 50% saham Freeport Indonesia, sehingga harus jauh-jauh hari
merencanakan ke depannya. Kalau tidak
direncanakan sekarang maka 2,6 miliar ton sumber daya indicated yang bisa diekstrak
kecil sekali 1/3 ata u tidak sampai
setengahnya,” kata Wahyu. (RI)
Daily News Update Page 19
Improving Industrial Climate, Antam Prints Positive Growth in
the Nickel Segment Dhiany Nadya Utami
PT ANEKA Tambang Tbk. (ANTM) recorded
positive growth in the performance of the nickel segment in the third quarter of 2020 in line with improving global economic conditions and growing demand for nickel.
Based on the company's official statement, during the Q3/2020 period Antam recorded unaudited ferronickel production of 6,371 tons of nickel in ferronickel (TNi), growing 6 percent compared to production in the same period last year which amounted to 6,035 TNi.
Meanwhile, for unaudited sales perfor-mance, ferronickel for state-owned enter-prises (BUMN) in the same period was recorded at 6,462 TNi. This amount makes the accumulated performance achievements of unaudited ferronickel production and sales during the first nine months of 2020 recorded at 19,133 TNi and 19,507 TNi, respectively.
Then, for nickel ore, unaudited nickel ore production used as raw material for Antam's ferronickel plant and sales to domestic customers in the third quarter of 2020 reached 1.49 million wet metric tons (wmt), growing 100 percent compared to nickel ore production in the third quarter of 2020. the previous quarter which amounted to 745 thousand wmt.
Meanwhile, the sales achievement of un-audited nickel ore in Q3/2020 was recorded at 1.04 million wmt, a significant growth compared to the sales rate in Q2/2020 of 168 thousand wmt. Accumulated during the three-quarter period of this year,...
Iklim Industri Membaik, Antam Cetak Pertumbuhan Positif di
Segmen Nikel Dhiany Nadya Utami
PT ANEKA Tambang Tbk. (ANTM) men-catatkan pertumbuhan positif kinerja segmen nikel pada periode kuartal III/2020 seiring dengan membaiknya kondisi ekonomi global serta tumbuhnya tingkat permintaan nikel.
Berdasarkan keterangan resmi perseroan, sepanjang periode Q3/2020 Antam men-catatkan produksi feronikel unaudited sebesar 6.371 ton nikel dalam feronikel (TNi), tumb uh 6 persen dibandingk an produksi pada periode sama tahun lalu yang sebesar 6.035 TNi.
Sementara itu, untuk kinerja penjualan unaudited, feronikel emiten badan usaha milik negara (BUMN) ini dalam periode yang sama tercatat mencapai 6.462 TNi. Jumlah tersebut menjadikan akumulasi capaian kinerja produksi dan penjualan unaudited feronikel sepanjang periode sembilan bulan pertama tahun 2020 tercatat sebesar masing-masing 19.133 TNi dan 19.507 TNi.
Kemudian, untuk komoditas bijih nikel, produksi bijih nikel unaudited yang diguna-kan sebagai bahan baku pabrik feronikel Antam dan penjualan kepada pelanggan domestik pada kuartal III/2020 mencapai 1,49 juta wet metric ton (wmt), tumbuh 100 persen dibandingkan capaian produksi bijih nikel pada kuartal sebelumnya yang sebesar 745 ribu wmt.
Adapun, capaian penjualan unaudited bijih nikel pada Q3/2020 tercatat sebesar 1,04 juta wmt, tumbuh signifikan jika dibanding-kan dengan tingkat penjualan pada Q2/2020 sebesar 168 ribu wmt. Secara akumulasi sepanjang periode tiga triwulan tahun ini,...
Daily News Update Page 20
Accumulated during the three-quarter
period of this year, t he state-owned
company's unaudited nicke l ore
production reached 2.86 million wmt with
unaudited sales reaching 1.21 million wmt.
Antam Corporate Secretary Kunto
Hendrapawoko said the company is
focused on developing the domestic nickel
ore market in line with the outlook for the
growth of the domestic nickel processing
industry. According to him, the deter-
mination of the benchmark price for metal
minerals in the country by the Ministry of
Energy and Mineral Resources provides a
more competitive and profitable level of
domestic mineral selling prices for the
company.
"This provides an opportunity for Antam to
increase the reach of nickel ore marketing
in the country," he said as quoted by Bisnis,
Friday (23/10/2020).
He further explained that in facing the
challenges of global commodity price
volatility, Antam focuses on efforts to
reduce cash production costs and
implement strategic policies related to
appropriate and optimal cost efficiency
initiatives.
"Through this step, Antam's unaudited
ferronickel cash cost for the nine months
period in 2020 was recorded at US$ 3.34
per pound of nickel, this achievement
reinforces Antam's position as part of the
global low-cost ferronickel producer
group," concluded Kunto. Editor: Ropesta
Sitorus
Secara akumulasi sepanjang periode tiga
triwulan tahun ini, produksi unaudited
bijih nikel perusahaan pelat merah ini mencapai 2,86 juta wmt dengan tingkat
penjualan unaudited mencapai 1,21 juta
wmt.
Sekretaris Perusahaan Antam Kunto Hendrapawoko menuturkan perseroan
berfokus dalam pengembangan pasar
domestik bijih nikel seiring dengan outlook pertumbuhan industri pengolahan nikel di
dalam negeri. Menurutnya, penetapan
Harga Patokan Mineral Logam di dalam negeri oleh Kementerian Energi dan
Sumber Daya Mineral memberikan tingkat
harga jual mineral dalam negeri yang lebih kompetitif dan menguntungkan bagi
perseroan.
“Hal tersebut memberikan peluang bagi
Antam untuk meningkatkan jangkauan
pemasaran bijih nikel di dalam negeri,”
ujarnya seperti dikutip Bisnis, Jumat
(23/10/2020).
Lebih lanjut dia menjelaskan, dalam meng-
hadapi tanta ngan volatil itas harga
komoditas global, Antam berfokus pada
upaya penurunan biaya tunai produksi
serta implementasi kebijakan strategis
terkait inisiatif efisiensi biaya yang tepat
dan optimal.
“Melalui langkah ini, biaya tunai feronikel
unaudited Antam sepanjang periode
sembilan bulan di 2020 tercatat sebesar
US$3,34 per pon nikel, capaian tersebut
mengukuhkan posisi Antam sebagai bagian
dari kelompok produsen feronikel global
berbiaya rendah,” pungkas Kunto. Editor :
Ropesta Sitorus
Daily News Update Page 21
Surveyor Indonesia Describe the Role of Survey Services SOE at the 2020 Indonesian Virtual
Business Mission By: Mohar Syarif
THE ANNUAL meeting of the Indonesian
Business Mission which was organized by the US-ASEAN Business Council, Inc. (US-ABC) this year was held virtually, Thursday (22/10) . At the Indonesian Virtual Business Mission event, PT Surveyor Indonesia (Persero) (Surveyor Indonesia) had the opportunity to convey its role as a Survey Service SOE which has a role as a strategic partner in the field of survey and assurance services to strengthen the national a nd multinational business industry. This opportunity brings together US-ABC member multinational companies with Indonesian Surveyors in discussions regarding the potential for strategic cooperation to support strengthening the national economy.
Present at this meeting were several global companies such as Freeport-McMoRan, 3M, Apple, FedEX, Jhpiego, MSD, Qualcomm, Oracle, UL International, and Citi. The meeting was chaired by the Chairman, President, and CEO, Alexander C. Feldman, guided by Ambassador Michael W. Michalak as Senior Vice President & Regional Managing Director of US-ABC, and was also attended by Ambassador Joseph R. Donovan, Jr.
In the Keynote Remarks agenda, the President Director of Surveyor Indonesia, Dian M. Noer conveyed his views regarding strategic macro issues in the national industry, including the role and support of...
Surveyor Indonesia Paparkan Peran BUMN Jasa Survey Pada Perhelatan Indonesian Virtual
Business Mission 2020 Oleh: Mohar Syarif
PERTEMUAN tahunan Indonesia n
Business Mission yang dihelat oleh US-ASEAN Business Council, Inc (US-ABC) pada tahun ini digelar secara virtual, Kamis (22/10). Pada acara Indonesian Virtual Business Mission tersebut PT Surveyor Indonesia (Persero) (Surveyor Indonesia) mendapatkan kesempatan untuk menyam-paikan perannya sebagai BUMN Jasa Survey yang memiliki peran sebagai mitra strategis di bidang jasa survey dan pemastian untuk memperkuat industri bisnis nasional dan multinasional. Kesem-patan ini mempertemukan perusahaan-perusahaan multinasional anggota US-ABC dengan Surveyor Indonesia dalam diskusi terkait potensi kerja sama strategis untuk mendukung penguatan ekonomi nasional.
Hadir dalam pertemuan ini beberapa per-usahaan bertaraf global seperti Freeport-McMoRan, 3M, Apple, FedEX, Jhpiego, MSD, Qualcomm, Oracle, UL International, dan Citi. Pertemuan dipimpin oleh Chairman, President, and CEO, Alexander C. Feldman, dipandu oleh Duta Besar Michael W. Michalak selaku Senior Vice President & Regional Managing Director US-ABC, dan turut dihadiri Duta Besar Joseph R. Donovan, Jr.
Dalam agenda Keynote Remarks, Direktur Utama Surveyor Indonesia, Dian M. Noer menyampaikan pandangannya terkait isu makro strategis dunia industri nasional, diantaranya terkait peran dan dukungan...
Daily News Update Page 22
including the r ole and support of Indonesian Surveyors for national economic recovery (PEN) through the SIBV Safeguard Label program, omnibus law, digital transformation development of the TKDN (Domestic Component Level) program and support for the development of the national halal industry.
"To support business sustainabil ity , Surveyor Indonesia as a BUMN will continue to explore to seize opportunities for strategic cooperation and collaborate in developing new business models in the future, where our role is as a strategic partner to strengthen the national and multinational industrial world in order to support national economic recovery ( PEN) which is being carried out by the government, especially during the Covid-19 pandemic like today," said Dian in her presentation.
Surveyor Indonesia as a state-owned company engaged in assurance services has experience in establishing global partnerships, so it is very appropriate for US-ABC to hold this meeting to explore the potential for collaboration in various domestic industrial sectors.
Some of the experiences of Indonesian Surveyors in fostering multinational affiliations include working with Bureau Veritas Indonesia (BV) to support the national economic recovery program to prepare for the reopening of the country's business industry amid the Covid-19 pandemic through SIBV SafeGuard Label assurance services, together with the SYSTRA group in realizing the concept urban transportation & transit-oriented development through the Jabodebek KRL network, and Intertek related to testing and inspection of halal products.
PT Surveyor Indonesia (Persero) is a state-owned company that was established on August 1, 1991. Initially our mission was...
diantaranya terkait peran dan dukungan Surveyor Indonesia terhadap pemulihan ekonomi nasional (PEN) melalui program Safeguard Label SIBV, omnibus law, transfor-masi digital, pengembangan program TKDN (Tingkat Komponen Dalam Negeri) dan dukungan pada pengembangan industri halal nasional.
“Untuk mendukung sustainability bisnis, Surveyor Indonesia sebagai BUMN akan terus mengeksplorasi untuk menangkap peluang kerjasama strategis dan berkola-borasi dalam pengembangan model bisnis baru di waktu mendatang, dimana peran kami adalah sebagai mitra strategis untuk memperkuat dunia industri nasional dan multinasional dalam rangka mendukung pemulihan ekonomi nasional (PEN) yang sedang di jalankan oleh Pemerintah, terlebih lagi di masa pandemi Covid-19 seperti saat ini,” ujar Dian dalam paparannya.
Surveyor Indonesia sebagai perusahaan BUMN yang bergerak di bidang jasa pemastian memiliki pengalaman dalam menjalin kemitraan global, sehingga sangat tepat jika US-ABC menggelar pertemuan ini untuk menggali potensi kolaborasi di berbagai sektor industri dalam negeri.
Beberapa pengalaman Surveyor Indonesia dalam membina afiliasi multinasional antara lain bekerjasama dengan Bureau Veritas Indonesia (BV) mend ukung program pemulihan ekonomi nasional untuk memper-siapkan pembukaan kembali industri bisnis tanah air ditengah pandemi Covid-19 melalui layanan jasa pemastian SafeGuard Label SIBV, bersama grup SYSTRA dalam me-wujudkan konsep transportasi perkotaan & transit-oriented development melalui jaringan KRL Jabodebek, dan Intertek terkait pengujian dan inspeksi produk-produk halal.
PT Surveyor Indonesia (Persero) adalah Badan Usaha Milik Negara yang didirikan pada tanggal 1 Agustus 1991. Pada awalnya misi kami adalah...
Daily News Update Page 23
Initially our mission was to assist the Government of the Republic of Indonesia in smoothing the flow of capital goods and equipment to Indonesia from all over the world through international standard pre-shipment inspection services.
Our independent assurance services focus on four sectors, namely: Strengthening Institutional Institutions, Infrastructure, Mineral and Coal, Oil and Gas and Power Generation Systems. To carry out Independent Assurance activities, we are accredited with ISO 17020 and ISO 17025 for inspection and laboratory testing activities. Our management system has met the requirements of ISO 9001 and OHSAS 18001 as well as SMK3 which is supported by experts from various disciplines as well as collaborative support from various National and International Institutions.
Surveyor Indonesia is a strategic partner for the government, private sector and other corporate partners to optimize the use of domestic resources and products in the fields of infrastructure, maritime, energy and food security. Partners are not only limited to customers when working together, but as sustainable business partners in long-term relationships. Mohar
Pada awalnya misi kami adalah untuk mem-bantu Pemerintah Republik Indonesia dalam memperlancar aliran barang modal dan peralatan ke Indonesia dari seluruh dunia melalui jasa pemeriksaan pra-pengapalan yang bertaraf internasional.
Layanan independent assurance kami fokus-kan pada empat sektor yaitu: Penguatan Institusi Kelembagaa n, Infrastruktur , Mineral dan Batubara, Migas dan Sistem Pembangkit. Untuk melaksanakan kegiatan Independent Assurance, kami diakreditasi ISO 17020 dan ISO 17025 untuk kegiatan Inspeksi dan pengujian laboratorium. Sistem manajemen kami sudah memenuhi per-syaratan ISO 9001 dan OHSAS 18001 serta SMK3 yang didukung tenaga ahli dari ber-bagai disiplin ilmu serta dukungan kerja-sama dari berbagai Lembaga Nasional dan Internasional.
Surveyor Indonesia menjadi mitra strategis bagi pemerintah, swasta dan patner kerja perusahaan lainnya untuk mengoptimalkan pemanfaatan sumberdaya dan produk dalam negeri pada bidang infrastruktur , kemaritiman, energi dan ketahanan pangan. Mitra tidak hanya sebatas pelanggan ketika bekerja sama, tetapi sebagai rekan bisnis berkelanjutan dalam hubungan jangka panjang. Mohar
PTBA's Assisted Village Wins 2020 Proklim Lestari Award
PELAKAT Village, Semende Darat Ulu
District, Muara Enim Regency won the National Level Sustainable Climate Village Program (Proklim) award given by the Ministry of Environment and Forestry (KLHK).
Desa Binaan PTBA Raih Peng-hargaan Proklim Lestari 2020
DESA Pelakat, Kecamatan Semende Darat
Ulu, Kabupaten Muara Enim meraih penghargaan Program Kampung Iklim (Proklim) Lestari tingkat Nasional yang diberikan oleh Kementerian Lingkungan Hidup dan Kehutanan (KLHK).
Daily News Update Page 24
This is the highest award as the best village in c l imate change adaptation and mitigation innovation in Indonesia.
The award was handed over directly by the Secretary General of KLHK Bambang Hendroyono to the Head of Pelakat Village, Kohapa, who was accompanied by the Head of Environmental Maintenance and Conservation of Muara Enim Regency, Khusnul Muassiroh.
Pelakat Vil lage is one of the vil lages fostered by the Corporate Social Responsibility (CSR) program and the Partnership and Community Development program (PKBL) of PT Bukit Asam Tbk (PTBA).
The Head of Pelakat Village, Kohapa, admitted that he was happy and proud of this award, because this was the result of long efforts and cooperation of many parties.
"We have been following this since 2015, in order to fulfill the requirements we must also involve 10 surrounding hamlets to care about environmental issues, forest, water and agriculture sustainability," he explained, when met after the award presentation, Friday (23/10/2020).
Together with PTBA, Pelakat Village is conducting reforestation on an area of more than 200 hectares. Training and coaching for coffee plantation businesses, to watershed rehabilitation (DAS).
The Climate Village Program is a national program of the Ministry of Environment and Forestry of the Republic of Indonesia to encourage active participation of the community and all parties in carrying out local actions in the form of adaptation and mitigation efforts by increasing resilience to the impacts of climate change and reducing greenhouse gas emissions.
Ini merupakan penghargaan tertinggi sebagai desa terbaik dalam inovasi adaptasi dan mitigasi perubahan iklim se-Indonesia.
Penghargaan diserahkan langsung oleh Sekretaris Jenderal KLHK Bambang Hendroyono kepada Kepala Desa Pelakat, Kohapa, yang saat penerimaan piala turut didampingi oleh Kasi Pemeliharaan dan Konservasi Lingkungan Hidup Kabupaten Muara Enim, Khusnul Muassiroh.
Desa Pelakat merupakan salah satu desa binaan program Corporate Social Respon-sibility (CSR) dan program Kemitraan dan Bina Lingkungan (PKBL) PT Bukit Asam Tbk (PTBA).
Kepala Desa Pelakat, Kohapa, mengaku senang dan bangga dengan penghargaan ini, sebab ini merupakan hasil jerih payah yang panjang dan Kerjasama banyak pihak.
"Kami mengikuti ini sejak 2015, agar memenuhi syarat ka mi juga harus melibatkan 10 dusun sekitar untuk peduli masalah lingkungan, kelestarian hutan, air, dan pertanian," paparnya, saat dijumpai usai penyerahan penghargaan, Jumat (23/10/2020).
Bersama de ngan PTBA, Desa Pelakat melakukan penghijauan di lahan seluas lebih dari 200 hektare. Pelatihan dan pembinaan untuk usaha perkebunan kopi, hingga rehabilitasi Daerah Aliran Sungai (DAS).
Program Kampung Iklim merupaka n program Nasional dari Kementerian Lingkungan Hidup dan Kehutanan RI untuk mendorong partisipasi aktif masyarakat dan seluruh pihak dalam melaksanakan aksi lokal berupa upaya adaptasi dan upaya mitigasi dengan meningkatkan ketahanan terhadap dampak perubahan iklim dan pengurangan emisi gas rumah kaca.
Daily News Update Page 25
Pelakat Vil lage is considered to have increased adaptation and mitigation efforts and replicated the activities of the 10 surrounding hamlets.
Apart from Pelakat Village, Muara Enim Regency also received 7 (seven) apprecia-tions from the Indonesian minister of environment and forestry in the form of a major proklim certificate.
"Alhamdulillah, in accordance with our expectations, the role of a companion like PTBA is very meaningful to continue to increase the role of the village in developing the environment," said the Head of Environ-mental Maintenance and Conservation of Muara Enim Regency, Khusnul Muassiroh. (dob/dob)
Desa Pelakat di nilai telah melakukan peningkatan upaya adaptasi dan mitigasi dan mereplika kegiatan ke 10 dusun sekitarnya.
Selain Desa Pelakat, Kabupaten Muara Enim juga mendapatkan 7 (tujuh) apresiasi dari menteri lingkungan hidup dan kehutanan RI berupa sertifikat proklim utama.
"Alhamdulillah sesuai dengan harapan kami, peran pendamping seperti PTBA sangat berarti untuk terus meningkatkan peran serta desa dalam mengembangkan lingkungan," ujar Kasi Pemeliharaan dan Konservasi Lingkungan Hidup Kabupaten Muara Enim, Khusnul Muassiroh. (dob/dob)
Indonesia to reduce exports of unprocessed coal
INDONESIAN President Joko Widodo has ordered his cabinet ministers to set a target of
reducing exports of unprocessed coal and accelerate plans to develop derivative industries for processing the fuel in Southeast Asia’s biggest economy.
Indonesia, the world’s biggest thermal coal exporter, should quickly develop a local industry to upgrade, liquefy and gasify its coal, the president said, urging ministers to determine the volume of output that could be used for such processing.
The Indonesian government aims to partially replace imports of liquefied petroleum gas (LPG) used by Indonesians as fuel with dimethyl ether (DME) made from coal.
Widodo also asked the cabinet ministers to come up with a roadmap for coal optimisation to boost the development of the domestic coal sector using environmentally-friendly technologies.
Indonesia has been seeking to squeeze more value out of its rich mineral resources ranging from copper to nickel by processing raw materials at home.
State-controlled coal miner PT Bukit Asam is currently building a coal gasification plant which is due to produce 1.4 million tonnes of DME per year from 2025.
Indonesia produced 610 million tonnes of coal last year and has targeted 550 million tonnes in 2020. Most of Indonesia’s coal is exported, with the rest mainly used in power generation.
Indonesia’s coal output reached 370 million tonnes in the first eight months of th is year, or 67.3 percent of the yearly plan, according to the General Department of Minerals and Coal under the Indonesian Ministry of Energy and Mineral Resources.
Daily News Update Page 26
Global copper production to increase in 2021 after two years of declines: ICSG
Carl A. Williams - The Northern Miner
THE INTERNATIONAL Copper Study Group (ICSG) has released its copper market forecast
for 2020-21 and expects this year will mark the second consecutive year of decline in world copper mine production.
After a drop of 0.2% in 2019, the ICSG anticipates that global copper mine production will fall by about 1.5% this year, before growing by about 4.5% next year.
The forecast is in line with estimates from Colin Hamilton, a mining analyst at BMO Capital Markets. The London-based analyst has projected a 1.7% reduction of worldwide copper mine production in 2020, with production rising by 4.1% in 2021.
The decline in 2019 was mainly due to operational issues, in particular in Indonesia, ICGS said, while this year’s drop is due primarily to temporary mine closures caused by the Covid-19 pandemic, most notably in Peru.
Lower copper production in 2020, however, will be partially offset by additional output from newly commissioned mines, ICGS said, including Russian Copper Company’s Tominskoye mine and the Deziwa copper-cobalt mine in the Democratic Republic of the Congo (DRC), which went into production in January. Deziwa is a joint-venture between the DRC’s state-owned Gecamines and China Nonferrous Metal Mining Company.
“Additional output from new projects, including Tominskoye and Deziwa, coupled with that from ramp-up mines such as Cobre de Panama and a significant recovery in Indonesian output will partially offset the reductions resulting from the pandemic,” the group said in a statement.
Looking ahead to 2021, it said, “output is expected to benefit from a recovery from the constrained operating levels of 2020 and increased supply resulting from the ramp-up of recently commissioned mines and expansions as well as from the planned start-up of larger projects including Kamoa Kakula, the Spence sulphide project and Lone Star.”
Ivanhoe Mines’ (TSX: IVN; US-OTC: IVPAF) Kamoa Kakula project in the DRC, is slated to begin production in the third quarter of 2021. BHP’s (NYSE: BHP; LSE: BHP) Spence sulphide mine in Chile is slated to start production in 2021, and Freeport McMoRan’s (NYSE: FCX) Lone Star mine in Arizona is on track to start production by the end of this year.
Refined copper production
Following stagnant output in 2019, world refined copper production is expected to increase by about 1.5% in 2020 and the same percentage in 2021, the ICSG said.
“A significant recovery in Chilean and Zambian output is forecast following temporary shutdowns for smelter upgrades in 2019,” it said.
Daily News Update Page 27
“In addition, a strong recovery is anticipated in Japan and a number of EU countries following a series of smelter maintenances in 2019. Electrowinning production in the Democratic Republic of the Congo is also expected to continue to increase.”
World secondary refined production (from scrap copper) is expected to decline by 5.5% due to a shortage of scrap metal in many regions, the ICSG reported. The shortage is due to decreased scrap generation, collection, processing, and transport resulting from the global lockdown.
Refined copper demand
According to the ICSG, world apparent refined copper usage, which is the sum of production plus imports minus exports, is expected to remain unchanged in 2020 and grow by about 1.1% in 2021.
BMO’s Hamilton considers the ICSG forecast of 1.1% “to be slightly conservative given the low 2020 base and recovery already seen,” and has forecast 4.4% growth.
ICSG forecasts global copper demand (excluding China) will decline by 9% in 2020, mainly due to pandemic-related lockdowns. The group said that this is due to anticipated falls in demand of 8% and 6% in the European Union and the United States, respectively, and significant reductions in India, Japan, and several countries in Southeast Asia. It forecasts global copper demand excluding China in 2021 will rise to one percent.
ICSG estimates a deficit of about 50,000 tonnes of copper this year and a surplus of about 70,000 tonnes in 2021.
Metso Outotec and Boliden renew service contract Published by Jessica Casey, Editorial Assistant
METSO Outotec and Boliden have signed an extension of their service contract for Boliden’s
Aitik copper mine in Gällivare, Northern Sweden. The 3+2-year extension of the life-cycle
services agreement covers the supply of mill lining, chute lining solutions, preventive
maintenance of the grinding circuit and recycling of used wear parts. The value of the order will not be disclosed. The first part of the contract has been booked in Metso Outotec’s orders
received in 3Q20.
The contract is a performance-based cost-per-ton agreement, in which Metso Outotec gets
paid according to the output of the customer’s process. The goal is to ensure the availability of
the grinding circuit and to maximise valuable production time, striving for a common goal that benefits both parties.
Metso Outotec and Boliden have cooperated since the 1960s. Throughout the decades, the
collaboration has evolved to meet new emerging needs, while continuing to improve uptime
and annual production.
Daily News Update Page 28
Safety is Boliden’s top priority and enhancing it is also embedded in the scope of the new contract. Metso Outotec will provide solutions that simultaneously cut maintenance time and increase the wear life of parts even further. The new contract also focuses more on the management of worn wear parts, because Metso Outotec will develop capabilities to recycle and dispose them more sustainably. The AG mills in Aitik will continue to use Metso Outotec’s MegalinerTM mill lining.
Megaliner helps to maximise the availability of large mills by utilising an innovative design that speeds up liner replacement. The larger-than-average liners mean that fewer individual pieces are needed. The lining has fewer attachment points compared with conventional liners, further improving installation and removal time. It also improves worker safety during maintenance, because the liners are bolted into position from outside the mill.
The pebble mills and two regrind mills will be lined with rubber and Poly-Met mill linings.
Aitik is one of the largest copper mines in Europe. In 2019, the mine produced close to 41 000 t of copper, employing nearly 800 people.
China's coal output edges down from Jan.-Sept. (Xinhua)
CHINA's raw coal output declined 0.1 percent year-on-year to 2.79 billion tonnes in the first
nine months of 2020, official data showed.
The country produced 330 million tonnes of raw coal last month, down 0.9 percent from the
same period in 2019, according to data from the National Bureau of Statistics.
The country imported 18.68 million tonnes of coal in September, down 38.3 percent year-on-
year. In the first nine months, coal imports dropped 4.4 percent year-on-year to 240 million
tonnes.
Coal imports rise 12% to 19 MT in September on
improved consumption By: PTI
INDIA’s coal import rose 11.6 per cent to 19.04 million tonnes in September on account of a
recovery in consumption by thermal power plants and other industries as also helped by competitive prices in international markets.
Daily News Update Page 29
The country imported 17.06 million tonnes (MT) of coal in September 2019, showed data available with mjunction services limited. mjunction — a joint venture between Tata Steel and SAIL — is a B2B e-commerce company and also publishes research reports on coal and steel verticals.
“The steady recovery in consumption by thermal power plants and other industries coupled with competitive prices in the international markets led to a resurgence of demand for imports ahead of the festive season,” mjunction Managing Director and Chief Executive Officer Vinaya Varma said.
The outlook for imports remains uncertain as it depends on the sustainability of operations and growth in consuming sectors in the coming months” Varma noted. Of total imports in September, non-coking coal’s shipment was 11.97 MT as against 11.81 MT in the year-ago period. Coking coal import increased to 4.58 MT as compared to 3.54 MT in September last fiscal.
However, in the first six months of the ongoing fiscal, India’s coal import dropped to 95.30 MT from 125.35 MT in the same period a year ago, it said.
“For the April-September period, total coal and coke imports stood at 95.30 MT, about 23.97 per cent lower than 125.35 MT imported during April-September last fiscal,” the data showed.
Siberia has world’s largest gold deposit Published by Simon Matthis
PJSC Polyus reports a maiden Ore Reserve estimate for Sukhoi Log and provides an update
on the Mineral Resource estimate prepared by AMC Consultants Pty Ltd (“ AMC”) in compliance with JORC Code.
The maiden Ore Reserve estimate stands at 540 million tonnes with an average grade of 2.3 g/t Au and containing 40 million ounces of gold as at 31 May 2020. This estimate ranks Sukhoi Log as the largest gold deposit both among greenfield assets and operating gold mines. This 2020 Sukhoi Log Ore Reserve estimate is based on the 2019 Mineral Resource model as well as a number of studies and additional mine planning activities undertaken by AMC.
The estimated Mineral Resources for Sukhoi Log stand at 1,110 million tonnes, with an average grade of 1.9 g/t Au and containing 67 million ounces of gold as at 31 May 2020. Exploration and verification drilling throughout 2019 enabled an increase of the estimated Indicated Mineral Resource by 18 million ounces to 46 million ounces of gold.
Polyus continues in-fill drilling campaigns. This drilling is designed to improve the confidence of Inferred Mineral Resources and will allow the Company to better define the gold mineralisation within the future pit area, where Polyus expects to carry out mining activities during the first years of Sukhoi Log’s operations. The Company is also proceeding with
Daily News Update Page 30
further geotechnical drilling. The results of this drilling programme will be used in future studies.
Pavel Grachev, Chief Executive Officer of PJSC Polyus, commented:
“We are pleased with the results yielded by our exploration programme at Sukhoi Log. The publication of the maiden Ore Reserve estimate represents a significant milestone for Polyus’ long-term development strategy, and confirms Sukhoi Log’s position as one of the world’s highest-calibre gold deposits.
The Company has achieved a solid conversion ratio from resources to reserves at a grade of 2.3 g/t, while continuing to build up its Mineral Resource base. With the addition of 40 million gold ounces, Polyus secures its top-2 position among the world’s largest gold mining companies by attributable reserves.
We continue to focus on the next stages of the project’s development. We expect to provide the next update on Sukhoi Log later in 2020, with the announcement of the Pre-Feasibility study results.”