IMA-Daily Update Benchmark Export Pr September 2019: 5 Pro 6 Down By: Hendra Friana FLUCTUATIONS in internati affect the determination of benchmark price (HPE) of min subject to export duty (B September 2019 period. Compared to the HPE for the p 2019, the majority of co experienced a decline in HPE. T was stipulated in Regulation of th Trade No. 68 of 2019, dated Augu "HPE of some mining products h or decreased due to interna fluctuations. Copper concentra lead concentrates, rutile conce nickel have increased," said Dire of Foreign Trade Indrasari Wisn through an official statement Tirto, Friday (29/08/2019). A number of mining products s are copper concentrate, iron laterite iron concentrate, concentrate, iron sand concen manganese concentrate, lead zinc concentrate, zinc concentr concentrate, rutile concentrate bauxite which have been leached Calculation of basic HPE pric concentrate, laterite iron conc sand concentrate, manganese ilmenite concentrate, and rutile are sourced from Asian Metal a Fine Australian. While copper iron sand concentrate p concentrate, zinc, nickel a concentrate are sourced from Metal Exchange (LME). rices of oducts Up, ional prices the export ning products BK) for the period August ommodities This provision he Minister of ust 26, 2019. has increased ational price ate products, entrates, and ector General nu Wardhana received by subject to BK concentrate, iron sand ntrate pellet, concentrate, rate, ilmenite e, nickel and d. ces for iron centrate, iron concentrate, e concentrate and Iron Ore concentrate, ellet, lead and bauxite the London Harga Patokan E September 201 Naik, 6 Oleh: Hend FLUKTUASI harga i pengaruhi penetapan h (HPE) produk pertamb kan bea keluar (BK) 2019. Dibandingkan dengan H 2019, sebagian besar k penurunan HPE. Keten dalam Peraturan Menter 68 Tahun 2019, tanggal 2 “HPE beberapa produk alami kenaikan maup disebabkan adanya flu nasional. Produk ko konsentrat timbal, kons yang mengalami kena Jenderal Perdagangan L Wisnu Wardhana lewa yang diterima Tirto, Jum Sejumlah produk p dikenakan BK adalah konsentrat besi, kons konsentrat pasir besi pasir besi, konsentrat timbal, konsentrat seng konsentrat rutil, nikel telah dilakukan pencuci Perhitungan harga das ditas konsentrat besi, ko konsentrat pasir besi, konsentrat ilmenit, d bersumber dari Asian Fine Australian. Sed tembaga, pellet kons konsentrat timbal, kon Page 1 Ekspor Tambang 19: 5 Produk 6 Turun dra Friana internasional mem- harga patokan ekspor bangan yang dikena- periode September HPE periode Agustus komoditas mengalami ntuan ini ditetapkan ri Perdagangan Nomor 26 Agustus 2019. pertambangan meng- pun penurunan yang uktuasi harga inter- onsentrat tembaga, sentrat rutil, dan nikel aikan,” kata Direktur Luar Negeri Indrasari at keterangan resmi mat (29/8/2019). pertambangan yang konsentrat tembaga, sentrat besi laterit, i, pellet konsentrat mangan, konsentrat g, konsentrat ilmenit, l, dan bauksit yang ian. sar HPE untuk komo- konsentrat besi laterit, konsentrat mangan, dan konsentrat rutil Metal dan Iron Ore dangkan konsentrat sentrat pasir besi, nsentrat seng, nikel,
Transcript
IMA-Daily Update
Benchmark Export Prices of September 2019: 5 Products Up,
6 Down By: Hendra Friana
FLUCTUATIONS in international prices
affect the determination of the export benchmark price (HPE) of mining products subject to export duty (BK) for theSeptember 2019 period.
Compared to the HPE for the period August 2019, the majority of commoditiesexperienced a decline in HPE. This provision was stipulated in Regulation of the Minister of Trade No. 68 of 2019, dated August 26, 2019.
"HPE of some mining products has increased or decreased due to international price fluctuations. Copper concentrate products, lead concentrates, rutile concentrates, and nickel have increased," said Director General of Foreign Trade Indrasari Wisnu Wardhana through an official statement received by Tirto, Friday (29/08/2019).
A number of mining products subject to BK are copper concentrate, iron concentrate, laterite iron concentrate, iron sandconcentrate, iron sand concentrate pellet, manganese concentrate, lead concentrate, zinc concentrate, zinc concentrate, ilmenite concentrate, rutile concentrate, nickel and bauxite which have been leached.
Calculation of basic HPE prices for iron concentrate, laterite iron concentrate, iron sand concentrate, manganese concentrate, ilmenite concentrate, and rutile concentrate are sourced from Asian Metal and Iron Ore Fine Australian. While copper coniron sand concentrate pellet, lead concentrate, zinc, nickel and bauxiteconcentrate are sourced from the London Metal Exchange (LME).
Benchmark Export Prices of September 2019: 5 Products Up,
in international prices
affect the determination of the export benchmark price (HPE) of mining products subject to export duty (BK) for the
Compared to the HPE for the period August 2019, the majority of commodities
cline in HPE. This provision was stipulated in Regulation of the Minister of Trade No. 68 of 2019, dated August 26, 2019.
"HPE of some mining products has increased or decreased due to international price fluctuations. Copper concentrate products,
centrates, rutile concentrates, and nickel have increased," said Director General of Foreign Trade Indrasari Wisnu Wardhana through an official statement received by
A number of mining products subject to BK te, iron concentrate,
laterite iron concentrate, iron sand concentrate, iron sand concentrate pellet, manganese concentrate, lead concentrate, zinc concentrate, zinc concentrate, ilmenite concentrate, rutile concentrate, nickel and
leached.
Calculation of basic HPE prices for iron concentrate, laterite iron concentrate, iron sand concentrate, manganese concentrate, ilmenite concentrate, and rutile concentrate are sourced from Asian Metal and Iron Ore Fine Australian. While copper concentrate, iron sand concentrate pellet, lead concentrate, zinc, nickel and bauxite concentrate are sourced from the London
Harga Patokan Ekspor Tambang September 2019: 5 Produk
Naik, 6 TurunOleh: Hendra Friana
FLUKTUASI harga inter
pengaruhi penetapan harga patokan ekspor (HPE) produk pertambangan yang dikenakan bea keluar (BK) periode September 2019.
Dibandingkan dengan HPE periode Agustus 2019, sebagian besar komoditas mengalami penurunan HPE. Ketentuan ini ditetapkan dalam Peraturan Menteri Perdagangan Nomor 68 Tahun 2019, tanggal 26 Agustus 2019.
“HPE beberapa produk pertambangan mengalami kenaikan maupun penurunan yang disebabkan adanya fluktuasi harga internasional. Produk konsentrat tembaga,konsentrat timbal, konsentrat rutil, dan nikel yang mengalami kenaikan,” kata Direktur Jenderal Perdagangan Luar Negeri Indrasari Wisnu Wardhana lewat keteyang diterima Tirto, Jumat (29/8/2019).
Sejumlah produk pertambangan yang dikenakan BK adalah konsentrat tembaga, konsentrat besi, konsentrat besi laterit, konsentrat pasir besi, pellet konsentrat pasir besi, konsentrat mangan, konsentrat timbal, konsentrat seng, konsentrat ilmenit, konsentrat rutil, nikel, dan bauksit yang telah dilakukan pencucian.
Perhitungan harga dasar HPE untuk komoditas konsentrat besi, konsentrat besi laterit, konsentrat pasir besi, konsentrat mangan, konsentrat ilmenit, dan konsentrat rutil bersumber dari Asian Metal dan Iron Ore Fine Australian. Sedangkan konsentrat tembaga, pellet konsentrat pasir besi, konsentrat timbal, konsentrat seng, nikel,
Page 1
Harga Patokan Ekspor Tambang September 2019: 5 Produk
Naik, 6 Turun Oleh: Hendra Friana
harga internasional mem-
pengaruhi penetapan harga patokan ekspor (HPE) produk pertambangan yang dikena-kan bea keluar (BK) periode September
Dibandingkan dengan HPE periode Agustus 2019, sebagian besar komoditas mengalami penurunan HPE. Ketentuan ini ditetapkan dalam Peraturan Menteri Perdagangan Nomor 68 Tahun 2019, tanggal 26 Agustus 2019.
“HPE beberapa produk pertambangan meng-n maupun penurunan yang
disebabkan adanya fluktuasi harga inter-nasional. Produk konsentrat tembaga, konsentrat timbal, konsentrat rutil, dan nikel yang mengalami kenaikan,” kata Direktur Jenderal Perdagangan Luar Negeri Indrasari Wisnu Wardhana lewat keterangan resmi yang diterima Tirto, Jumat (29/8/2019).
Sejumlah produk pertambangan yang dikenakan BK adalah konsentrat tembaga, konsentrat besi, konsentrat besi laterit, konsentrat pasir besi, pellet konsentrat pasir besi, konsentrat mangan, konsentrat
bal, konsentrat seng, konsentrat ilmenit, konsentrat rutil, nikel, dan bauksit yang telah dilakukan pencucian.
Perhitungan harga dasar HPE untuk komo-ditas konsentrat besi, konsentrat besi laterit, konsentrat pasir besi, konsentrat mangan,
nit, dan konsentrat rutil bersumber dari Asian Metal dan Iron Ore Fine Australian. Sedangkan konsentrat tembaga, pellet konsentrat pasir besi, konsentrat timbal, konsentrat seng, nikel,
IMA-Daily Update
dan bauksit bersumber dari London Metal Exchange (LME).
Mining products that experienced an average price increase in the September 2019 period were copper concentrate, lead concentrate, rutile concentrate, and nickel.
Copper concentrate (Cu ≥ 15 percent), up 1.81 percent at an average price of 2,355.57 US dollars/WE; while lead concentrate (Pb ≥ 56 percent) with an average price of US$ 835.67/WE or an increase of 5.29 percent.
The rutile concentrate (TiO2 ≥ 90 percent) increased by 2.02 percent with an average price of 942.56 US dollars/WE; nickel dam (Ni <1.7 percent) increased by 16.42percent with an average price of US$ 21.62/WE.
While products that experienced a decline compared to the previous period's HPE were iron concentrates (hematite,magnetite) (Fe ≥ 62 percent and ≤ 1 percent of TiO2) with an average price of 92.61 US dollars/WE or a decrease of 10.05 percent; and laterite iron concentrates (gutite, hematite, magnetite) with levels (Fe ≥ 50 percent and (Al2O3 + SiO2) ≥ 10 percent) with an average price of 47.32 US dollars/WE or down 10.05 percent.
There is also iron sand concentrate (lamela magnetite-ilmenite) (Fe ≥ 56 percent) with an average price of 55.30/WE percent or down by 10.05 percent; zinc concentrate (Zn ≥ 51 percent) with an average price of 584.58/WE dollars or down 9.85 percent; ilmenite concentrate (TiO2 ≥ 45%) with an average price of 215.30 US dollars/WE or down 0.67 percent; and washed bauxite (Al2O3 ≥ 42 percent) with an average price of 23.77/WE or a decrease of 1.56 US dollars.
Meanwhile, manganese concentrate (Mn 49 percent) with an average price of 275.35 US dollars/WE and pellet iron sand concentrate (lamela magnetite
dan bauksit bersumber dari London Metal
ts that experienced an average price increase in the September 2019 period were copper concentrate, lead concentrate, rutile concentrate, and nickel.
≥ 15 percent), up 1.81 percent at an average price of 2,355.57
lead concentrate (Pb ≥ 56 percent) with an average price of US$ 835.67/WE or an increase of 5.29 percent.
≥ 90 percent) increased by 2.02 percent with an average price of 942.56 US dollars/WE; nickel dam
eased by 16.42 percent with an average price of US$
While products that experienced a decline compared to the previous period's HPE were iron concentrates (hematite,
≥ 62 percent and ≤ 1 percent of TiO2) with an average price of
.61 US dollars/WE or a decrease of 10.05 percent; and laterite iron concentrates (gutite, hematite, magnetite) with levels (Fe ≥ 50 percent and (Al2O3 + SiO2) ≥ 10 percent) with an average price of 47.32 US dollars/WE or down 10.05 percent.
ron sand concentrate (lamela ≥ 56 percent) with
an average price of 55.30/WE percent or down by 10.05 percent; zinc concentrate
≥ 51 percent) with an average price of 584.58/WE dollars or down 9.85 percent;
≥ 45%) with an average price of 215.30 US dollars/WE or down 0.67 percent; and washed bauxite
≥ 42 percent) with an average price of 23.77/WE or a decrease of 1.56 US
Meanwhile, manganese concentrate (Mn ≥ price of 275.35
US dollars/WE and pellet iron sand concentrate (lamela magnetite-ilmenite)
(Fe ≥ 54) with an average price of 117.98 US dollars/WE have not changed.
Produk pertambangan yang mengalami kenaikan harga rata-rata pada periode bulan September 2019 adalah Konsentrat tembaga, konsentrat timbal, Konsentrat rutil, dan nikel.
Konsentrat tembaga (Cu sebesar 1,81 persen dengan harga rata2.355,57 dolar AS/WE; sementara konsentrat timbal (Pb ≥ 56 persen) dengan harga ratarata dolar AS 835,67/WE atau naik sebesar 5,29 persen.
Adapun konsentrat rutil (TiO2 mengalami kenaikan sebesar 2,02 persen dengan harga rata-rata 942,56 dolar AS/WE; dam nikel (Ni < 1,7 persen) naik sebesar 16,42 persen dengan harga ratadolar AS/WE.
Sedangkan produk yang mengalami penurunan dibandingkan HPE perinya adalah konsentrat besimagnetit) (Fe ≥ 62 persen dan ≤ 1persen TiO2) dengan harga rataAS/WE atau turun sebesar 10,05 persen; dan konsentrat besi laterit (gutit, hematit, magnetit) dengan kadar (Fe (Al2O3 + SiO2) ≥ 10 persen) dengan harga rata-rata 47,32 dolar AS/WE atau turun sebesar 10,05 persen.
Ada pula konsentrat pasir besimagnetit-ilmenit) (Fe ≥ 56 persen) dengan harga rata-rata 55,30/WE persen atau turun sebesar 10,05 persen; konsen51 persen) dengan harga ratadolar AS atau turun sebesar 9,85 persen; konsentrat ilmenit (TiO2 harga rata-rata 215,30 dolar AS/WE atau turun sebesar 0,67 persen; serta bauksit yang telah dilakukan pencucian (was(Al2O3 ≥ 42 persen) dengan harga rata23,77/WE atau turun sebesar 1,56 dolar AS.
Sementara itu, konsentrat mangan (Mn persen) dengan harga rataAS/WE dan pellet konsentrat pasir besi (lamela magnetit-ilmenit) (Fe
Page 2
≥ 54) with an average price of 117.98 US dollars/WE have not changed.
Produk pertambangan yang mengalami rata pada periode bulan
19 adalah Konsentrat tembaga, konsentrat timbal, Konsentrat rutil, dan nikel.
Konsentrat tembaga (Cu ≥ 15 persen), naik sebesar 1,81 persen dengan harga rata-rata 2.355,57 dolar AS/WE; sementara konsentrat
≥ 56 persen) dengan harga rata-rata dolar AS 835,67/WE atau naik sebesar
Adapun konsentrat rutil (TiO2 ≥ 90 persen) mengalami kenaikan sebesar 2,02 persen
rata 942,56 dolar AS/WE; dam nikel (Ni < 1,7 persen) naik sebesar 16,42 persen dengan harga rata-rata 21,62
Sedangkan produk yang mengalami penu-runan dibandingkan HPE periode sebelum-nya adalah konsentrat besi (hematit,
≥ 62 persen dan ≤ 1persen TiO2) dengan harga rata-rata 92,61 dolar AS/WE atau turun sebesar 10,05 persen; dan konsentrat besi laterit (gutit, hematit, magnetit) dengan kadar (Fe ≥ 50 persen dan
≥ 10 persen) dengan harga rata 47,32 dolar AS/WE atau turun
Ada pula konsentrat pasir besi (lamela ≥ 56 persen) dengan
rata 55,30/WE persen atau turun sebesar 10,05 persen; konsentrat seng (Zn ≥ 51 persen) dengan harga rata-rata 584,58/WE dolar AS atau turun sebesar 9,85 persen; konsentrat ilmenit (TiO2 ≥ 45%) dengan
rata 215,30 dolar AS/WE atau turun sebesar 0,67 persen; serta bauksit yang telah dilakukan pencucian (washed bauxite)
≥ 42 persen) dengan harga rata-rata 23,77/WE atau turun sebesar 1,56 dolar AS.
Sementara itu, konsentrat mangan (Mn ≥ 49 persen) dengan harga rata-rata 275,35 dolar AS/WE dan pellet konsentrat pasir besi
ilmenit) (Fe ≥ 54) dengan
IMA-Daily Update
harga rata-rata 117,98 dolar AS/WE tidak mengalami perubahan.
According to Wisnu, the determination of the HPE for the September 2019 period was determined after taking into account
Note it! Freeport Ready to Increase Production
PT FREEPORT Indonesia can again boost
Grasberg's open mining productionactivities. That was after the Ministry of Energy and Mineral Resources (ESDM) agreed to increase production through a revised work plan and budget (RKAB) of 300,000 tons of copper concentrate.
ESDM Ministry's Director of Mineral Development and ExploitatSaefulhak, said the approval of the revised RKAB was a condition if Freeport wanted to submit an additional export quota. Because the export quota given is in accordance with the amount of production that is the company's plan.
One thing is certain, after the revised RKAB was approved, Freeport Indonesia must again submit an additional copperconcentrate export quota. "The export quota is not submitted yet. That's the rule," he told KONTAN, Sunday (1/9).
There are several governmentconsiderations to decide on the approval of additional quota provision. Theconsiderations included looking at the mineral reserves that could be mined, the input capacity of the processing plant owned, and the volume adjustments based
rata 117,98 dolar AS/WE tidak
According to Wisnu, the determination of the HPE for the September 2019 period was determined after taking into account
various written inputs and coordination
from various related agencies.
Menurut Wisnu, penetapan HPE periode September 2019 ini ditetapkan setelamemperhatikan berbagai masukan tertulis dan koordinasi dari berbagai instansi
terkait.♦
Note it! Freeport Ready to Increase Production
Indonesia can again boost
Grasberg's open mining production activities. That was after the Ministry of Energy and Mineral Resources (ESDM) agreed to increase production through a revised work plan and budget (RKAB) of 300,000 tons of copper concentrate.
ESDM Ministry's Director of Mineral Development and Exploitation, Yunus Saefulhak, said the approval of the revised RKAB was a condition if Freeport wanted to submit an additional export quota. Because the export quota given is in accordance with the amount of production
ain, after the revised RKAB was approved, Freeport Indonesia must again submit an additional copper concentrate export quota. "The export quota is not submitted yet. That's the rule," he told KONTAN, Sunday (1/9).
There are several government s to decide on the approval of
additional quota provision. The considerations included looking at the mineral reserves that could be mined, the input capacity of the processing plant owned, and the volume adjustments based
on the RKAB and the progress of tsmelter project that was being built.
Catat! Freeport Siap Menambah Produksi
PT FREEPORT Indonesia bisa kembali
menggenjot aktivitas produksi tambang terbuka atau open mining
setelah Kementerian Energi dan Sumber Daya Mineral (ESDM) menyetujui penambahan produksi melalui revisi rencana kerja dan anggaran biaya (RKAB) sebanyak 300.000 ton konsentrat tembaga.
Direktur Pembinaan dan Pengusahaan Mineral Kementerian ESDM, YunusSaefulhak, mengemukakan persetujuan revisi RKAB merupakan syarat apabila Freeport ingin mengajukan tambahan kuota ekspor. Sebab, kuota ekspor yang diberikan menyesuaikan dengan besaran produksi yang menjadi rencana perusahaan.
Satu hal yang pasti, setelah revisi RKAB disetujui, Freeport Indonesia harus kembali mengajukan tambahan kuota ekspor konsentrat tembaga. "Pengajuan kuota ekspor kan belum. Itu aturannya," ungkap dia kepada KONTAN, Minggu (1/9).
Ada beberapa pertimbangan pemerintah untuk memutuskan persetujuan pemberian kuota tambahan. Pertimbangan itu antara
Page 3
various written inputs and coordination
agencies.♦
Menurut Wisnu, penetapan HPE periode September 2019 ini ditetapkan setelah memperhatikan berbagai masukan tertulis dan koordinasi dari berbagai instansi
on the RKAB and the progress of the smelter project that was being built.
Catat! Freeport Siap Menambah Produksi
Indonesia bisa kembali
menggenjot aktivitas produksi tambang open mining Grasberg. Hal itu
setelah Kementerian Energi dan Sumber Daya Mineral (ESDM) menyetujui penam-bahan produksi melalui revisi rencana kerja dan anggaran biaya (RKAB) sebanyak 300.000 ton konsentrat tembaga.
Direktur Pembinaan dan Pengusahaan rian ESDM, Yunus
Saefulhak, mengemukakan persetujuan revisi RKAB merupakan syarat apabila Freeport ingin mengajukan tambahan kuota ekspor. Sebab, kuota ekspor yang diberikan menyesuaikan dengan besaran produksi yang menjadi rencana perusahaan.
ng pasti, setelah revisi RKAB disetujui, Freeport Indonesia harus kembali mengajukan tambahan kuota ekspor konsentrat tembaga. "Pengajuan kuota ekspor kan belum. Itu aturannya," ungkap dia kepada KONTAN, Minggu (1/9).
Ada beberapa pertimbangan pemerintah untuk memutuskan persetujuan pemberian kuota tambahan. Pertimbangan itu antara
IMA-Daily Update
lain melihat cadangan mineral yang bisa ditambang, kapasitas input pabrik pengolahan yang dimiliki, serta kesesuaian volume berdasarkan RKAB dan progres proyek smelter yang sedang dibangun.
The ESDM Ministry's Mineral and Coal Director General, Bambang Gatot Ariyono, previously said that the additional production quota proposed by Freeport Indonesia was around 300,000 tons of concentrate.
Bambang said, the addition of the quotwas due to the optimization of production at the Grasberg open pit, which is now undergoing a period of transition to an underground mine. "The addition of around 300,000 tons of concentrate production is due to optimization at the Grasberg mine," he said some time ago.
PT Freeport Indonesia's Vice President Corporate Communication, Riza Pratama, admitted that the company had not received official notification from the Ministry of ESDM. "We have not yet received an approval letter from the Ministry of ESDM. So I have not been able to provide details," he said yesterday.
Riza hopes it can get the approval letter this week. This is because Freeport wants to immediately submit additional export quotas. "Hopefully we can get approval for the revised RKAB, so that additional quota
The Government Accelerates the Ban on Nickel Ore Export, Smelter Construction Targets Unchanged
By: Ni Putu Eka Wiratmini
THE SMELTER construction target will
lain melihat cadangan mineral yang bisa ditambang, kapasitas input pabrik peng-olahan yang dimiliki, serta kesesuaian volume berdasarkan RKAB dan progres
ang dibangun.
The ESDM Ministry's Mineral and Coal Director General, Bambang Gatot Ariyono, previously said that the additional production quota proposed by Freeport Indonesia was around 300,000 tons of
Bambang said, the addition of the quota was due to the optimization of production at the Grasberg open pit, which is now undergoing a period of transition to an underground mine. "The addition of around 300,000 tons of concentrate production is due to optimization at the
d some time ago.
PT Freeport Indonesia's Vice President Corporate Communication, Riza Pratama, admitted that the company had not received official notification from the Ministry of ESDM. "We have not yet received an approval letter from the
M. So I have not been able to provide details," he said yesterday.
Riza hopes it can get the approval letter this week. This is because Freeport wants to immediately submit additional export quotas. "Hopefully we can get approval for
hat additional quota
(export) can be submitted," he said. Reporter: Ridwan Nanda Mulyana, Editor:
Yuwono triatmojo
Direktur Jenderal Mineral dan Batubara Kementerian ESDM, Bambang GatotAriyono, sebelumnya mengatakan tambahan kuota produksi yang diajukan Freeport Indonesia berkisar di angka 300.000 ton konsentrat.
Bambang bilang, penambahan kuota tersebut lantaran adanya optimalisasi produksi di tambang terbuka Grasberg, yang sekarang sedang mengalami periode transisi ke tambang bawah tanah. "Tambahannya sekitar 300.000 ton produksi konsentrat, itu karena ada optimalisasi di tambang Grasberg," kata dia beberapa waktu lalu.
Vice President Corporate Communication
Freeport Indonesia, Riza Pratama, mengaku pihaknya belum mendapatkan pemberitahuan resmi dari Kementerian ESDM. "Kami belum menerima surat persetujuan dari Kementerian ESDM. Jadi saya belum bisa memberikan detailnya," kata dia, kemarin.
Riza mengharapkan pihaknya bisa mendapatkan surat persetujuan tersebut pada pekan ini. Hal itu lantaran Freeport ingin segera mengajukan tambahan kuota ekspor. "Semoga bisa segera dapat persetujuan revisi RKAB, sehingga tambahan kuota (ekspor) bisa diajukan," ungkap dia.Reporter: Ridwan Nand
Yuwono triatmojo
The Government Accelerates the Ban on Nickel Ore Export, Smelter Construction Targets Unchanged
By: Ni Putu Eka Wiratmini
construction target will
not be delayed even though the ban on nickel ore exports has been accelerated to 2019.
Pemerintah Percepat Pelarangan Ekspor Bijih Nikel, Target
Page 4
(export) can be submitted," he said. Reporter: Ridwan Nanda Mulyana, Editor:
Direktur Jenderal Mineral dan Batubara Kementerian ESDM, Bambang Gatot Ariyono, sebelumnya mengatakan tambahan kuota produksi yang diajukan Freeport Indonesia berkisar di angka 300.000 ton
Bambang bilang, penambahan kuota ter-sebut lantaran adanya optimalisasi produksi di tambang terbuka Grasberg, yang sekarang sedang mengalami periode transisi ke tambang bawah tanah. "Tambahannya sekitar 300.000 ton produksi konsentrat, itu karena ada optimalisasi di tambang Grasberg," kata dia beberapa waktu lalu.
Vice President Corporate Communication PT iza Pratama, mengaku
pihaknya belum mendapatkan pemberi-tahuan resmi dari Kementerian ESDM. "Kami belum menerima surat persetujuan dari Kementerian ESDM. Jadi saya belum bisa memberikan detailnya," kata dia,
Riza mengharapkan pihaknya bisa men-patkan surat persetujuan tersebut pada
pekan ini. Hal itu lantaran Freeport ingin segera mengajukan tambahan kuota ekspor. "Semoga bisa segera dapat persetujuan revisi RKAB, sehingga tambahan kuota (ekspor) bisa diajukan," ungkap dia. Reporter: Ridwan Nanda Mulyana, Editor:
not be delayed even though the ban on nickel ore exports has been accelerated to
Pemerintah Percepat Pelarangan Ekspor Bijih Nikel, Target
IMA-Daily Update
Pembangunan Smelter Tak Berubah
Oleh : Ni Putu Eka Wiratmini
TARGET pembangunan smelter tidak
akan diundur meskipun pelarangan ekspor bijih nikel telah dipercepat ke 2019.
ESDM Ministry's Director of Mineral Development and Business YunusSaefulhak confirmed that the government had indeed made regulations regarding the acceleration of the ban on nickel exports. However, he did not provide much explanation for the reasons for theacceleration.
According to Yunus, the regulatireportedly signed by ESDM Minister Ignasius Jonan, only regulatesnickel exports. Minerals with certain other criteria namely bauxite have not changed.
Previously, the ban on nickel exports had been carried out in 2014 through Permen No. 1 of 2014 concerning increasing mineral value added through mineral processing and refining activities in the country.
The government then opened the nickel ore export tap in 2017 through ESDM Minister Regulation (Permen) No. 5 of 2017 concerning increasing the value added of minerals through domestic refining dam processing activities.
Article 10 of the regulation states that mining entrepreneurs who have fulfilled the use of nickel in the country through the construction of smelters, can sell nickel with low levels (less than 1.7 percent) in a certain amount, no later than fiafter the enactment of the Permen.
This means that the ban on nickel exports will be carried out in 2022. As long as it is permitted to export, mining companies
Pembangunan Smelter Tak
Ni Putu Eka Wiratmini
pembangunan smelter tidak
akan diundur meskipun pelarangan ekspor bijih nikel telah dipercepat ke 2019.
ESDM Ministry's Director of Mineral Development and Business Yunus Saefulhak confirmed that the government
de regulations regarding the acceleration of the ban on nickel exports.
provide much explanation for the reasons for the
According to Yunus, the regulation, reportedly signed by ESDM Minister Ignasius Jonan, only regulates the ban on nickel exports. Minerals with certain other criteria namely bauxite have not changed.
Previously, the ban on nickel exports had been carried out in 2014 through Permen No. 1 of 2014 concerning increasing mineral value added through mineral
essing and refining activities in the
The government then opened the nickel ore export tap in 2017 through ESDM Minister Regulation (Permen) No. 5 of 2017 concerning increasing the value added of minerals through domestic
ctivities.
Article 10 of the regulation states that mining entrepreneurs who have fulfilled the use of nickel in the country through the construction of smelters, can sell nickel with low levels (less than 1.7 percent) in a certain amount, no later than five years after the enactment of the Permen.
This means that the ban on nickel exports will be carried out in 2022. As long as it is permitted to export, mining companies
must also build smelters to absorb domestic nickel ore production.
Yunus stressed that the acceleration of the export ban was not followed by other policies such as extending the deadline for smelter construction.
"Nothing, still in January 2022 [smelter construction limit]," said Yunus.
Direktur Pembinaan dan Pengusahaan Mineral Kementerian ESDM Yunus Saefulhak membenarkanmemang telah membuat peraturanmengenai percepatan pelarangan ekspor nikel. Namun, dia tidak banyak memberikan penjelasan alasan percepatan tersebut.
Menurut Yunus peraturan, yang kabarnya sudah ditandatanganIgnasius Jonan, itu hanya mengatur pelarangan ekspor nikel. Mineral dengan kriteria tertentu lainnya yakni bauksit tidak mengalami perubahan.
Sebelumnya, pelarangan ekspor nikel sudah dilakukan pada 2014 lewat Permen Nomor 1 Tahun 2014 tentang peningkatan nilai tambah mineral melalui kegiatan pengolahan dan pemurnian mineral di dalam negeri.
Pemerintah kemudian membuka keran ekspor bijih nikel pada 2017 lewat Permen ESDM Nomor 5 Tahun 2017 tentang peningkatan nilai tambah mineral melalui kegiatan pengolahan dam pemurnian di dalam negeri.
Pasal 10 beleid tersebut mengatakan pengusaha tambang yang telah memenuhi pemanfaatan nikel dalam negeri lewat pembangunan smelter, dapat melakukan penjualan nikel dengan kadar rendah (kurang dari 1,7 perdalam jumlah tertentu, paling lama lima tahun sejak berlakunya permen tersebut.
Artinya, pelarangan ekspor nikel akan dilakukan pada 2022. Selama diizinkan melakukan ekspor, perusahaan tambang
Page 5
must also build smelters to absorb domestic nickel ore production.
the acceleration of the export ban was not followed by other policies such as extending the deadline for
"Nothing, still in January 2022 [smelter construction limit]," said Yunus.
Direktur Pembinaan dan Pengusahaan an ESDM Yunus
Saefulhak membenarkan pemerintah memang telah membuat peraturan mengenai percepatan pelarangan ekspor nikel. Namun, dia tidak banyak memberikan penjelasan alasan percepatan tersebut.
Menurut Yunus peraturan, yang kabarnya sudah ditandatangani Menteri ESDM Ignasius Jonan, itu hanya mengatur pela-rangan ekspor nikel. Mineral dengan kriteria tertentu lainnya yakni bauksit tidak
Sebelumnya, pelarangan ekspor nikel sudah dilakukan pada 2014 lewat Permen Nomor
ang peningkatan nilai tambah mineral melalui kegiatan peng-olahan dan pemurnian mineral di dalam
Pemerintah kemudian membuka keran ekspor bijih nikel pada 2017 lewat Permen ESDM Nomor 5 Tahun 2017 tentang peningkatan nilai tambah mineral melalui
egiatan pengolahan dam pemurnian di
Pasal 10 beleid tersebut mengatakan peng-usaha tambang yang telah memenuhi peman-faatan nikel dalam negeri lewat pembangunan smelter, dapat melakukan penjualan nikel dengan kadar rendah (kurang dari 1,7 persen) dalam jumlah tertentu, paling lama lima tahun sejak berlakunya permen tersebut.
Artinya, pelarangan ekspor nikel akan dilakukan pada 2022. Selama diizinkan melakukan ekspor, perusahaan tambang
IMA-Daily Update
juga harus membangun smelter untuk menyerap produksi bijih nikel dalam negeri.
Yunus menegaskan percepatan pelarangan ekspor tidak diikuti kebijakan lain seperti memperpanjang batas waktu pembangunan smelter.
"Tidak ada, tetap Januari 2022 [batas pembangunan smelter]," kata Yunus.
Unlike the condition with nickel, bauxite sales that have been washed (washed bauxite) abroad can still be done with a maximum limit of five years since the Permen ESDM number 5/2017 is valid.
Director of the Center for Indonesian Resources Strategic Studies (CIRUSS) Budi Santoso assessed that the ban on exports will only provide opportunities for foreign investors to obtain financial facilities, access to capital and stronger markets. On the other hand, national entrepreneurs, namely nickel miners, will be eliminated.
According to Budi, downstreaming must be done to achieve national goals rather than vice versa to raise foreign investors. The government must provide miners with the opportunity to build a smelter within 10 years or longer than the previous t
"The concept must be addressed, downstreaming cannot be borne by mine owners, and the economy will be difficult. Downstreaming must be the responsibility of the government," he said.
Chairman of the Indonesian MiningInstitute (IMI) Irwandy Arif asrelaxation of nickel ore and baukit exports should not be given from the beginning, because all raw minerals must be processed domestically in accordance with the mandate of the law. However, because it has already opened export taps in 2017, the government cannot immediately accelerate the ban.
juga harus membangun smelter untuk nikel dalam negeri.
Yunus menegaskan percepatan pelarangan ekspor tidak diikuti kebijakan lain seperti memperpanjang batas waktu pembangunan
"Tidak ada, tetap Januari 2022 [batas pembangunan smelter]," kata Yunus.
Unlike the condition with nickel, bauxite sales that have been washed (washed bauxite) abroad can still be done with a maximum limit of five years since the
ESDM number 5/2017 is valid.
Director of the Center for Indonesian es (CIRUSS) Budi
Santoso assessed that the ban on exports will only provide opportunities for foreign investors to obtain financial facilities, access to capital and stronger markets. On the other hand, national entrepreneurs,
eliminated.
According to Budi, downstreaming must be done to achieve national goals rather than vice versa to raise foreign investors. The government must provide miners with the opportunity to build a smelter within 10 years or longer than the previous target.
"The concept must be addressed, down-streaming cannot be borne by mine owners, and the economy will be difficult. Downstreaming must be the responsibility
Chairman of the Indonesian Mining Institute (IMI) Irwandy Arif assessed that relaxation of nickel ore and baukit exports should not be given from the beginning, because all raw minerals must be processed domestically in accordance with the mandate of the law. However, because it has already opened export taps in 2017, he government cannot immediately
On the contrary, the government is deemed to have to conduct audits on the progress smelter made by nickel entrepreneurs. If it is in accordance with the target, it can be considered to export nickel.
"If the government will continue to accelerate the ban on nickel ore exports in December 2019, we need to look at the basis of this decisionEditor: Saeno
Berbeda kondisnya dengan nikel, penjualan bauksit yang telah dilakukan pencucian (washed bauxite) ke luar negeri tetap dapat dilakukan dengan batas paling lama lima tahun sejak permen ESDM Nomor 5/2017 berlaku.
Direktur Centre for Indonesian Resources Strategic Studies (CIRUSS) Budi Santoso menilai pelarangan ekspor hanya akan memberi peluang investor asing mendapatkan kemudahan finansial, akses modal, dan pasar yang lebih kuat. Sebaliknya, pengusaha nasioal yakni penambang nikel akan tersingkir.
Menurut Budi, hilirisasi harus diilakukan untuk mencapai tujuan nasional bukan sebaliknya untuk membesarkan investor asing. Pemerintah harus memberikan kesempatan kepada penambang untuk membangun smelter dalam waktu 10 tahun atau lebih lama dari target sebelumnya.
"Konsepnya harus dibenahi, hilirisasi tidak bisa dibebankan kepada pemilik tambangdan keekonomiannya akan sulit. Hilirisasi harus menjadi tanggungjawab pemerintah," katanya.
Ketua Indonesian Mining Institute (IMI) Irwandy Arif menilai relaksasi ekspor bijihnikel dan baukit seharussejak awal, sebab semua mineral mentah harus diolah dalam negeri sesuai dengan amanat undang undang. Namun, karena sudah terlanjur membuka keran ekspor pada 2017, pemerintah tidak bisa serta merta dapat mempercepat pelarangan.
Page 6
On the contrary, the government is deemed to have to conduct audits on the progress smelter made by nickel entrepreneurs. If it is in accordance with the target, it can be considered to export nickel.
f the government will continue to accelerate the ban on nickel ore exports in December 2019, we need to look at the basis of this decision-making," he said.
Berbeda kondisnya dengan nikel, penjualan bauksit yang telah dilakukan pencucian
) ke luar negeri tetap dapat dilakukan dengan batas paling lama lima tahun sejak permen ESDM Nomor 5/2017
Direktur Centre for Indonesian Resources Strategic Studies (CIRUSS) Budi Santoso menilai pelarangan ekspor hanya akan
eluang investor asing mendapatkan kemudahan finansial, akses modal, dan pasar yang lebih kuat. Sebaliknya, pengusaha nasioal yakni penambang nikel akan tersingkir.
Menurut Budi, hilirisasi harus diilakukan untuk mencapai tujuan nasional bukan
tuk membesarkan investor asing. Pemerintah harus memberikan kesempatan kepada penambang untuk membangun smelter dalam waktu 10 tahun atau lebih lama dari target sebelumnya.
"Konsepnya harus dibenahi, hilirisasi tidak bisa dibebankan kepada pemilik tambang, dan keekonomiannya akan sulit. Hilirisasi harus menjadi tanggungjawab pemerintah,"
Ketua Indonesian Mining Institute (IMI) Irwandy Arif menilai relaksasi ekspor bijih
dan baukit seharusnya tidak diberikan sejak awal, sebab semua mineral mentah harus diolah dalam negeri sesuai dengan amanat undang undang. Namun, karena sudah terlanjur membuka keran ekspor pada 2017, pemerintah tidak bisa serta merta dapat mempercepat pelarangan.
IMA-Daily Update
Sebaliknya, pemerintah dinilai harus melakukan audit pada progress smelter
dibuat pengusaha nikel. Apabila sudah sesuai dengan target, dapat dipertimbangkan untuk melakukan ekspor nikel.
Nickel Exports Stopped, INCO & ANTM Shares Bought
Foreigners! Tahir Saleh, CNBC Indonesia
TWO mineral, gold and nickel mining
companies, namely PT Vale Indonesia Tbk (INCO) and PT Aneka Tambang Tak (ANTM) suddenly jumped in the trading session I earlier this week, Monday(2/9/2019) amid the government's plan to speed up nickel export ban.
The government's decision to accelerate the ban on nickel exports from 2022 to this year has indeed been a driving sentiment for this sector in the past month. The purpose of this policy is to increase exports of nickel products through processing raw materials so as to produce export products that have added value.
Data from the Indonesia Stock Exchange (IDX) noted, in session I, INCO shares shot 14.73% at 4,050/share, with a transaction value of Rp 249 billion and trading volume of 62.81 million shares.
Foreign investors today entered Rp 32.5 billion in INCO shares, despite the fact that last month foreign investors released Rp 93.25 billion in all markets. INCO shares are year to date, up 24% since the beginning of the year.
The ANTM shares also rose 7.01% at tlevel of Rp 1,145/share with a transaction value of 250.46 billion and trading volume of 221.25 million shares.
ya, pemerintah dinilai harus me-progress smelter yang
dibuat pengusaha nikel. Apabila sudah sesuai dengan target, dapat dipertimbang-kan untuk melakukan ekspor nikel.
"Bila pemerintah tetap akan mempercepat pelarangan ekspor bijih nikelDesember 2019, kita perlu mencermati dasar pengambilan keputusan ini," katanya. Editor : Saeno
topped, INCO & ought Up by
Tahir Saleh, CNBC Indonesia
mineral, gold and nickel mining
companies, namely PT Vale Indonesia Tbk (INCO) and PT Aneka Tambang Tak (ANTM) suddenly jumped in the trading session I earlier this week, Monday (2/9/2019) amid the government's plan to
vernment's decision to accelerate the ban on nickel exports from 2022 to this year has indeed been a driving sentiment for this sector in the past month. The purpose of this policy is to increase exports of nickel products through processing raw
so as to produce export products
Data from the Indonesia Stock Exchange (IDX) noted, in session I, INCO shares shot 14.73% at 4,050/share, with a transaction value of Rp 249 billion and trading volume
investors today entered Rp 32.5 billion in INCO shares, despite the fact that last month foreign investors released Rp 93.25 billion in all markets. INCO shares are year to date, up 24% since the
The ANTM shares also rose 7.01% at the level of Rp 1,145/share with a transaction value of 250.46 billion and trading volume
Foreigners also entered into ANTM's shares amounting to Rp 34.30 billion, although a month foreign investors posted a net sell of Rp 84.31 bi
(ANTM) tiba-tiba melonjak pada sesi I perdagangan awal pekan ini, Senin
(2/9/2019) di tengah rencana pemerintah
mempercepat larangan ekspor nikel.
Keputusan pemerintah yang akan mempercepat pelarangan ekspor nikel dari
semula pada 2022 menjadi tahun ini
memang menjadi sentimen penggerak atas
sektor ini dalam sebulan terakhir. Tujuan kebijakan ini ialah untuk
ekspor produk nikel melalui pengolahan
raw material sehingga dapat menghasilkan
produk ekspor yang memiliki nilai tambah.
Data Bursa Efek Indonesia (BEI) mencatat, pada sesi I, saham INCO melesat 14,73% di
level 4.050/saham, dengan nilai transaksi
Rp 249 miliar dan volume perdagangan 62,81 juta saham.
Investor asing hari ini masuk Rp 32,5 miliar di saham INCO, kendati sebulan
terakhir asing malah melepas Rp 93,25
miliar di semua pasar. Saham
year to date, naik 24% sejak awal tahun.
Page 7
"Bila pemerintah tetap akan mempercepat pelarangan ekspor bijih nikel pada Desember 2019, kita perlu mencermati dasar pengambilan keputusan ini," katanya.
Foreigners also entered into ANTM's shares amounting to Rp 34.30 billion, although a month foreign investors posted a net sell of Rp 84.31 billion.
tiba melonjak pada sesi I perdagangan awal pekan ini, Senin
(2/9/2019) di tengah rencana pemerintah
mempercepat larangan ekspor nikel.
erintah yang akan mem-percepat pelarangan ekspor nikel dari
semula pada 2022 menjadi tahun ini
memang menjadi sentimen penggerak atas
sektor ini dalam sebulan terakhir. Tujuan kebijakan ini ialah untuk meningkatkan
ekspor produk nikel melalui pengolahan
sehingga dapat menghasilkan
produk ekspor yang memiliki nilai tambah.
Data Bursa Efek Indonesia (BEI) mencatat, pada sesi I, saham INCO melesat 14,73% di
level 4.050/saham, dengan nilai transaksi
Rp 249 miliar dan volume perdagangan
Investor asing hari ini masuk Rp 32,5 miliar di saham INCO, kendati sebulan
terakhir asing malah melepas Rp 93,25
miliar di semua pasar. Saham INCO secara
year to date, naik 24% sejak awal tahun.
IMA-Daily Update
Adapun saham ANTM juga menguat 7,01% di level Rp 1.145/saham dengan nilai
transaksi 250,46 miliar dan volume perdagangan 221,25 juta saham.
Asing juga masuk di saham ANTMRp 34,30 miliar, kendati sebulan asing
mencatatkan net sell (jual bersih) Rp
miliar.
Antam shares have gone up 50% since the beginning of the year or year to date.
Vale Indonesia's President Director, Nico Kanter believes, the discourse on the ban
on nickel ore exports has a positive impact
on Vale. Moreover, world nickel prices
have strengthened again after the government threw this discourse to the public.
Nico said, currently, Indonesia dominates
the supply of nickel to the global market
which is 27%.
"Every government statement will affect the price of nickel, I want to convey, this is
a good impact not only for Vale, but al
for Indonesia as well," said Nico Kanter, Tuesday (8/27/2019) at the IDX Building,
Jakarta.
Antam's Managing Director Arie Prabowo Ariotedjo also said that the government's
plan is basically not a problem for the
company, because in the contract there i
already a force majeure clause if there is a
change in regulations.
"It's no problem," Arie told CNBC Indonesia
when contacted on Monday (8/19/2019).
Nevertheless, Arie admitted, if there is a
stop to the export of nickel ore, Antam will lose the potential revenue from the
commodity even though it is not too
significant.
"For example, in a year there are 4 million tons of exports of around US$ 150 million
per year, roughly Rp. 2 trillion. Our
revenue target could be Rp. 30 trillion. So
juga menguat 7,01% /saham dengan nilai
transaksi 250,46 miliar dan volume perdagangan 221,25 juta saham.
saham ANTM sebesar Rp 34,30 miliar, kendati sebulan asing
(jual bersih) Rp 84,31
Antam shares have gone up 50% since the beginning of the year or year to date.
Vale Indonesia's President Director, Nico Kanter believes, the discourse on the ban
on nickel ore exports has a positive impact
on Vale. Moreover, world nickel prices
have strengthened again after the govern-w this discourse to the public.
Nico said, currently, Indonesia dominates
the supply of nickel to the global market
"Every government statement will affect the price of nickel, I want to convey, this is
a good impact not only for Vale, but also
for Indonesia as well," said Nico Kanter, Tuesday (8/27/2019) at the IDX Building,
Antam's Managing Director Arie Prabowo Ariotedjo also said that the government's
plan is basically not a problem for the
company, because in the contract there is
already a force majeure clause if there is a
"It's no problem," Arie told CNBC Indonesia
when contacted on Monday (8/19/2019).
Nevertheless, Arie admitted, if there is a
stop to the export of nickel ore, Antam will al revenue from the
commodity even though it is not too
"For example, in a year there are 4 million tons of exports of around US$ 150 million
per year, roughly Rp. 2 trillion. Our
revenue target could be Rp. 30 trillion. So
in revenue for 1 ye
explained.
However, continued Arie, there will be compensation from price increases and
increased sales and gold bauxite so that the potential Rp 2 trillion lost can be covered.
(tas/dob)
Saham Antam sudah naik 50% sejak awal tahun atau year to date
Presiden Direktur Vale Indonesia, Nico Kanter berpendapat, wacana pelarangan
ekspor bijih nikel berdampak positif bagi
Vale. Apalagi, harga nikel dunia kembali
menguat pasca-pemerintah melontar
wacana ini ke publik. Nico menyebut, saat
ini, Indonesia mendominasi suplai nikel ke pasar global yakni sebesar 27%.
"Setiap statement pemerintah akan berdampak bagi harga nikel, saya ingin
sampaikan, ini dampak baiknya tidak
hanya bagi Vale, tapi jug
juga," kata Nico Kanter, Selasa (27/8/
2019) di Gedung BEI, Jakarta.
Direktur Utama Antam Arie Prabowo Ariotedjo juga mengatakan
pemerintah tersebut pada dasarnya tidak menjadi masalah bagi perusahaan,
lantaran di dalam kontrak sudah ada
klausul force majeure
ubahan peraturan.
"Tidak masalah lah," ujar Arie kepada CNBC Indonesia saat dihubungi, Senin
(19/8/2019).
Kendati demikian, Arie mengakui, jika ada penyetopan ekspor ore nikel maka Antam
akan kehilangan potensi pendapatan dari komoditas itu meskipun tidak terlalu
signifikan.
"Misal saja dalam setahun ada 4 juta ton ekspor sekitar US$ 150 juta per tahun
kasarnya Rp 2 triliun. Target
Page 8
in revenue for 1 year it fell 7%," he
However, continued Arie, there will be compensation from price increases and
increased sales and gold bauxite so that the potential Rp 2 trillion lost can be covered.
sudah naik 50% sejak awal year to date.
Presiden Direktur Vale Indonesia, Nico Kanter berpendapat, wacana pelarangan
ekspor bijih nikel berdampak positif bagi
Vale. Apalagi, harga nikel dunia kembali
pemerintah melontarkan
wacana ini ke publik. Nico menyebut, saat
ini, Indonesia mendominasi suplai nikel ke pasar global yakni sebesar 27%.
pemerintah akan ber-dampak bagi harga nikel, saya ingin
sampaikan, ini dampak baiknya tidak
hanya bagi Vale, tapi juga untuk Indonesia
juga," kata Nico Kanter, Selasa (27/8/
2019) di Gedung BEI, Jakarta.
ma Antam Arie Prabowo juga mengatakan rencana
pemerintah tersebut pada dasarnya tidak menjadi masalah bagi perusahaan,
lantaran di dalam kontrak sudah ada
force majeure apabila ada per-
"Tidak masalah lah," ujar Arie kepada CNBC Indonesia saat dihubungi, Senin
Kendati demikian, Arie mengakui, jika ada penyetopan ekspor ore nikel maka Antam
akan kehilangan potensi pendapatan dari komoditas itu meskipun tidak terlalu
"Misal saja dalam setahun ada 4 juta ton ekspor sekitar US$ 150 juta per tahun
asarnya Rp 2 triliun. Target revenue kami
IMA-Daily Update
kan bisa Rp 30 triliun. Jadi secara revenue
untuk 1 tahun turun 7% lah," jelasnya.
Namun, lanjut Arie, akan ada kompensasi dari kenaikan harga dan peningkatan
The Government Accelerates the Ban on Nickel Ore Exports
Rangga Prakoso
THE GOVERNMENT officially banned the
export of nickel ore in early 2020, faster than the previous export relaxation provisions of 2022. This was in line with the issuance of regulations issued by the Minister of Energy and Mineral Resources (ESDM) Ignasius Jonan. The regulation states that raw nickel export permits will be granted until the end of 2019.
Previously, the export of nickel ore was banned by the government in early 2014. But in 2017 the government provides relaxation through the Minister of ERegulation No. 5 of 2017. In this regulation, low grade nickel ore is permittedfor five years, aka up to 2022. Export licenses are also given to miningcompanies that build nickel smelter. That way the export sales proceeds to support the construction of smelters.
The Head of the Communication, Public Information Services and Cooperation Agency of the Ministry of EPribadi said the nickel export ban had been issued by the Minister of Energy and Mineral Resources. But he was reluctant to disclose the contents of the regulation. According to him there will be acomprehensive explanation on Monday (2/9). "Tomorrow, there will be a press conference on Monday," Agung said in Jakarta, last weekend.
Responding to that, Secretary of the Indonesian Nickel Mining Association
kan bisa Rp 30 triliun. Jadi secara revenue
untuk 1 tahun turun 7% lah," jelasnya.
Namun, lanjut Arie, akan ada kompensasi dari kenaikan harga dan peningkatan
penjualan dan bauksit emas sehingga
potensi Rp 2 triliun yang hilang itu bisa
ditutupi. (tas/dob)
The Government Accelerates the Ban on Nickel Ore Exports
officially banned the
export of nickel ore in early 2020, faster than the previous export relaxation provisions of 2022. This was in line with the issuance of regulations issued by the Minister of Energy and Mineral Resources (ESDM) Ignasius Jonan. The regulation states that raw nickel export permits will
il the end of 2019.
Previously, the export of nickel ore was banned by the government in early 2014. But in 2017 the government provides relaxation through the Minister of ESDM Regulation No. 5 of 2017. In this regulation, low grade nickel ore is permitted to export for five years, aka up to 2022. Export licenses are also given to mining companies that build nickel smelter. That way the export sales proceeds to support
The Head of the Communication, Public and Cooperation
Agency of the Ministry of ESDM Agung Pribadi said the nickel export ban had been issued by the Minister of Energy and Mineral Resources. But he was reluctant to disclose the contents of the regulation. According to him there will be a
ehensive explanation on Monday (2/9). "Tomorrow, there will be a press conference on Monday," Agung said in
Responding to that, Secretary of the Indonesian Nickel Mining Association
(APNI) Meidy Katrin Lengkey said the relaxation of nickel ore exports was given to mining players who built smelters. he said,...
Pemerintah Percepat Larangan Ekspor Bijih Nikel
Rangga Prakoso
PEMERINTAH secara resmi melarang
ekspor bijih nikel pada awal 2020, lebih cepat dari ketentuan relaksasi ekspor sebelumnya yakni pada 2022. Hal itu seiring dengan keluarnya peraturan yang diterbitkan oleh Menteri Energi dan Sumber Daya Mineral (ESDM) Ignasius Jonan.beleid itu menyebutkan izin ekspor nikel mentah diberikan hingga akhir 2019.
Sebelumnya, ekspor bijih nikel sudah dilarang pemerintah pada awal 2014 silam. Namun pada 2017 pemerintah memberikan relaksasi melalui Peraturan Menteri ESDM No. 5 Tahun 2017. Dalam beleid itu bijih nikel kadar rendah diizinkan ekspor selama lima tahun alias hingga 2022. Izin ekspor pun diberikan kepada perusahaan tambang yang membangun fasilitas pemurnian mineral (smelter) nikel. Dengan begitu hasil penjualan ekspor menjapembangunan smelter.
Kepala Biro Komunikasi, Layanan Informasi Publik dan Kerja Sama Kementerian ESDM
Agung Pribadi mengatakan larangan ekspor
nikel telah diterbitkan oleh Menteri ESDM.
Namun dia enggan membeberkan isi peraturan tersebut. Menu
penjelasan secara komprehensif pada Senin
(2/9). "Besok Senin ada konferensi pers
Page 9
penjualan dan bauksit emas sehingga
n yang hilang itu bisa
(APNI) Meidy Katrin Lengkey said the nickel ore exports was given
to mining players who built smelters. Thus,
Pemerintah Percepat Larangan Ekspor Bijih Nikel
Rangga Prakoso
secara resmi melarang
ekspor bijih nikel pada awal 2020, lebih cepat dari ketentuan relaksasi ekspor sebelumnya yakni pada 2022. Hal itu seiring dengan keluarnya peraturan yang diterbitkan oleh Menteri Energi dan Sumber Daya Mineral (ESDM) Ignasius Jonan. Dalam beleid itu menyebutkan izin ekspor nikel mentah diberikan hingga akhir 2019.
Sebelumnya, ekspor bijih nikel sudah dilarang pemerintah pada awal 2014 silam. Namun pada 2017 pemerintah memberikan relaksasi melalui Peraturan Menteri ESDM
2017. Dalam beleid itu bijih nikel kadar rendah diizinkan ekspor selama lima tahun alias hingga 2022. Izin ekspor pun diberikan kepada perusahaan tambang yang membangun fasilitas pemurnian mineral (smelter) nikel. Dengan begitu hasil penjualan ekspor menjadi penyokong
Kepala Biro Komunikasi, Layanan Informasi Publik dan Kerja Sama Kementerian ESDM
Agung Pribadi mengatakan larangan ekspor
nikel telah diterbitkan oleh Menteri ESDM.
Namun dia enggan membeberkan isi peraturan tersebut. Menurutnya akan ada
penjelasan secara komprehensif pada Senin
(2/9). "Besok Senin ada konferensi pers
IMA-Daily Update
mengenai hal itu," kata Agung di Jakarta,
akhir pekan lalu.
Menanggapi hal itu, Sekretaris Asosiasi Penambang Nikel Indonesia (APNI) Meidy
Katrin Lengkey mengatakan relaksasi ekspor bijih nikel diberikan bagi pelaku
tambang yang membangun smelter
demikian, kata dia,...
Thus, he said, if the relaxation wasaccelerated it would affect the smelter construction process. Because the nickel ore export activities become development capital. Therefore, he asked the government to be consistent in implementing the ore relaxation policy until 2022.
"Building a smelter from 2017 to 2022, in 2019 the government said that it could not (export), even though it had jufoundation. This is what we asked the government to commit, because we had already carried out development activities. Where did the capital come from? Export quota," he said.
Meidy said, as many as 51 companies were working on smelters in the cthese, around 15 smelters are operational. This means that there are still 36 smelters that will be affected if ore export relaxation is accelerated. Though investmentcertainty is very much needed for business actors. "If there is already an (epolicy) we will only give up, at least we will have a voice," he said.
He said the smelter that was operating at the moment could actually absorb nickel ore. But he said the trade system for selling nickel ore in the country was less attractive. From the price factor forexample, the selling price of nickel ore in the domestic market is lower than exports. Domestic prices are around US$ 11/ton while the export market is priced at US$ 34/ton.
mengenai hal itu," kata Agung di Jakarta,
Menanggapi hal itu, Sekretaris Asosiasi Penambang Nikel Indonesia (APNI) Meidy
atakan relaksasi ekspor bijih nikel diberikan bagi pelaku
smelter. Dengan
Thus, he said, if the relaxation was accelerated it would affect the smelter construction process. Because the nickel
ties become development capital. Therefore, he asked the govern-ment to be consistent in implementing the ore relaxation policy until 2022.
"Building a smelter from 2017 to 2022, in 2019 the government said that it could not (export), even though it had just built a foundation. This is what we asked the government to commit, because we had already carried out development activities. Where did the capital come from? Export
Meidy said, as many as 51 companies were working on smelters in the country. Of these, around 15 smelters are operational. This means that there are still 36 smelters that will be affected if ore export relaxation is accelerated. Though investment certainty is very much needed for business actors. "If there is already an (export ban policy) we will only give up, at least we will
He said the smelter that was operating at the moment could actually absorb nickel ore. But he said the trade system for selling nickel ore in the country was less
From the price factor for example, the selling price of nickel ore in the domestic market is lower than exports. Domestic prices are around US$ 11/ton while the export market is priced at US$
In addition, the levels of nickel ore also differ between the domestic and foreign markets. For the domestic market, it absorbs nickel ore at 1.8% and above. If the level is lower then the price is getting eroded. While the sale of nickel ore in the export market may not exceed 1.7% as stipulated by the governmmention the payment process takes months. Meanwhile, if exported,
Dengan demikian, kata dia, bila relaksasi itu dipercepat maka akan berpengaruh pada proses pembangunan Pasalnya kegiatan ekspor ore nikel menjadi modal pembangunan. Oleh sebab itupihaknya meminta pemerintah konsisten dalam menerapkan kebijakan relaksasi ore hingga 2022.
"Bangun smelter dari 2017 sampai 2022, di 2019 pemerintah bilang eh enggak boleh (ekspor), padahal baru bangun pondasi. Inilah yang kita minta pemerintah komit, karena kami sudah melakukan kegiatan pembangunan. Modal dari mana? Kuota ekspor," ujarnya.
Meidy menuturkan, sebanyak 51 perusahaan yang sedang menggarap dalam negeri. Dari jumlah tersebut sekitar 15 smelter sudah beroperasimasih ada 36 smelter imbas bila relaksasi ekspor ore dipercepat. Padahal kepastian investasi sangat diperlukan bagi pelaku usaha. "Kalau sudah ada (kebijakan larangan ekspor) kita juga menyerah minimal kita sudah bersuara," tuturnya.
Dikatakannya smelter
operasi saat ini sebenarnya bisa menyerap bijih nikel. Namun dia menyebut tata niaga penjualan bijih nikel dalam negeri kurang menarik. Dari faktor harga misalnya, harga jual bijih nikel di pasar domestik lebihrendah ketimbang ekspor. Harga di dalam negeri sekitar US$11/ton sedangkan pasar ekspor dibandrol US$34/ton.
Page 10
In addition, the levels of nickel ore also n the domestic and foreign
markets. For the domestic market, it absorbs nickel ore at 1.8% and above. If the level is lower then the price is getting eroded. While the sale of nickel ore in the export market may not exceed 1.7% as stipulated by the government. Not to mention the payment process takes
Meanwhile, if exported,...
Dengan demikian, kata dia, bila relaksasi itu dipercepat maka akan berpengaruh pada proses pembangunan smelter tersebut. Pasalnya kegiatan ekspor ore nikel menjadi
ngunan. Oleh sebab itu pihaknya meminta pemerintah konsisten dalam menerapkan kebijakan relaksasi ore
dari 2017 sampai 2022, di 2019 pemerintah bilang eh enggak boleh (ekspor), padahal baru bangun pondasi.
a pemerintah komit, karena kami sudah melakukan kegiatan pembangunan. Modal dari mana? Kuota
Meidy menuturkan, sebanyak 51 per-usahaan yang sedang menggarap smelter di dalam negeri. Dari jumlah tersebut sekitar 15 smelter sudah beroperasi. Artiannya
yang bakal terkena imbas bila relaksasi ekspor ore dipercepat. Padahal kepastian investasi sangat di-perlukan bagi pelaku usaha. "Kalau sudah ada (kebijakan larangan ekspor) kita juga menyerah minimal kita sudah bersuara,"
smelter yang sudah ber-operasi saat ini sebenarnya bisa menyerap bijih nikel. Namun dia menyebut tata niaga penjualan bijih nikel dalam negeri kurang menarik. Dari faktor harga misalnya, harga jual bijih nikel di pasar domestik lebih rendah ketimbang ekspor. Harga di dalam negeri sekitar US$11/ton sedangkan pasar ekspor dibandrol US$34/ton.
IMA-Daily Update
Selain itu tingkat kadar bijih nikel pun berbeda antara pasar dalam negeri dan luar negeri. Untuk pasar domestik menyerap ore nikel dengan kadar 1,8% ke atas. Bila kadar lebih rendah maka harga pun semakin terkikis. Sementara penjualan bijih nikel di pasar ekspor tidak boleh melebihi 1,7% sebagaimana diatur pemerintah. Belum lagi dalam proses pembayarannya butuh waktu berbulan-bulan. Sementara jika
Meanwhile, if exported, business actors can
get a Letter of Credit (LOC) so they can get
back funds for investment or further
operational activities.
However, a different matter was stated by
the founder of the Indonesian Mineral
Processing and Purification Association
(AP3I) Jonatan Handoyo. He regretted the
government's attitude from the beginning,
which provided relaxation for exports of
raw nickel. According to him the provision
of relaxation only makes nickel ore more
dredged and sent abroad without the
process of increasing added value.
According to him the export ban should be
given in a short time.
Bumi Resources (BUMI) Entered Coal Downstream
PT BUMI Resources Tbk will diversify its
business into the coal downstream industry. This is done to increase the sale value of coal. Now the issuer coded BUMI shares on the Indonesia Stock Exchange (IDX) is conducting a feasibility study.
This coal gasification is also claimed as support for the government's plan to reduce the import of Liquefed Petroleum Gas (LPG),
Selain itu tingkat kadar bijih nikel pun berbeda antara pasar dalam negeri dan luar negeri. Untuk pasar domestik menyerap ore
,8% ke atas. Bila kadar lebih rendah maka harga pun semakin terkikis. Sementara penjualan bijih nikel di pasar ekspor tidak boleh melebihi 1,7% sebagaimana diatur pemerintah. Belum lagi dalam proses pembayarannya butuh waktu
Sementara jika diekspor...
Meanwhile, if exported, business actors can
get a Letter of Credit (LOC) so they can get
back funds for investment or further
However, a different matter was stated by
the founder of the Indonesian Mineral
Purification Association
(AP3I) Jonatan Handoyo. He regretted the
government's attitude from the beginning,
which provided relaxation for exports of
raw nickel. According to him the provision
of relaxation only makes nickel ore more
d without the
process of increasing added value.
According to him the export ban should be
"In my opinion, it is better to quickly close.
The government is taking the right steps
because it is 5 years late," he said.
Sementara jika diekspor para pelaku usaha bisa mendapatkan Letter of Credit (LOC) sehingga bisa kembali mendapatkan dana untuk investasi atau kegiatan operasional selanjutnya.
Namun hal berbeda dikemukakan pendiri Asosiasi Perusahaan Pengolahan dan Pemurnian Mineral IndJonatan Handoyo. Dia sejak awal justru menyayangkan sikap pemerintah yang memberikan relaksasi ekspor nikel mentah. Menurutnya pemberian relaksasi hanya membuat bijih nikel semakin banyak dikeruk dan dikirim ke luar negeri tanpa proses peningkatan nilai tambah. Menurutnya larangan ekspor tersebut seharusnya diberikan dalam waktu singkat.
"Menurut pendapat saya, lebih cepat ditutup. Pemerintah mengambil langkah yang paling betul karena sudah terlambat 5
tahun," tegasnya.♦
Bumi Resources (BUMI) Entered Coal Downstream
Resources Tbk will diversify its
business into the coal downstream industry. This is done to increase the sale value of
coded BUMI shares on the Indonesia Stock Exchange (IDX) is
This coal gasification is also claimed as support for the government's plan to reduce the import of Liquefed Petroleum Gas (LPG),
by using coal as a substitute for or downstream coal.
BUMI Director and Corporate Secretary, Dileep Srivastava said that the downplan is still under company discussion.
Bumi Resources (BUMI) Masuk Hilirisasi Batubara
PT BUMI Resources Tbk bakal mendiver
sifikasi bisnisnya ke industri hilirisasi batubara. Hal ini dilakukan untuk meningkatkan nilai jual batubara. Sekarang emiten berkode
Page 11
"In my opinion, it is better to quickly close.
The government is taking the right steps
because it is 5 years late," he said.♦
diekspor para pelaku usaha bisa mendapatkan Letter of Credit (LOC) sehingga bisa kembali mendapatkan dana untuk investasi atau kegiatan operasional
Namun hal berbeda dikemukakan pendiri Asosiasi Perusahaan Pengolahan dan Pemurnian Mineral Indonesia (AP3I) Jonatan Handoyo. Dia sejak awal justru menyayangkan sikap pemerintah yang memberikan relaksasi ekspor nikel mentah. Menurutnya pemberian relaksasi hanya membuat bijih nikel semakin banyak di-keruk dan dikirim ke luar negeri tanpa
gkatan nilai tambah. Menurut-nya larangan ekspor tersebut seharusnya diberikan dalam waktu singkat.
"Menurut pendapat saya, lebih cepat di-tutup. Pemerintah mengambil langkah yang paling betul karena sudah terlambat 5
by using coal as a substitute for gasification
BUMI Director and Corporate Secretary, Dileep Srivastava said that the down-stream plan is still under company discussion.
Bumi Resources (BUMI) Masuk Hilirisasi Batubara
Resources Tbk bakal mendiver-
bisnisnya ke industri hilirisasi batu-bara. Hal ini dilakukan untuk meningkatkan nilai jual batubara. Sekarang emiten berkode
IMA-Daily Update
saham BUMI di Bursa Efek Indonesia (BEI) itu sedang melakukan studi kelayakan.
Gasifikasi batubara ini juga diklaim sebagai dukungan atas rencana pemerintah untuk mengurangi impor Liquifed Petroleum Gas
(LPG), dengan menggunakan bahan baku batubara sebagai pengganti melalui gasifikasi atau hilirisasi batubara ini.
Direktur dan Corporate Secretary
Srivastava menyampaikan, bahwa rencana hilirisasi ini masih dalam bahasan perusahaan.
"The downstream project is currently in
the feasibility study stage, hopefully it will
be completed soon," he told KONTAN,
Friday (30/8). But unfortunately, Dileep
has not been able to convey the investment
they have prepared to work on this
downstream project.
Just so you know, through gasification
technology, coal will be transformed into a
high value final product. This technology
will convert young coal into syngas to be
processed into dimethyl ether (DME) as a
substitute for LPG, urea as fertilizer, and
polypropylene as a plastic raw material.
Thus, in addition to coal downstreaming,
BUMI also has plans to diversify their
sources of income by starting gold
production. "From Citra Palu this
zinc production from Dairi Prima Mineral,"
he said.
While increasing business lines, now BUMI
continues to optimize operational
activities. This year BUMI is targeting
production of 87 million metric tons to 90
million metric tons. Until June 2019
yesterday, production from PT Kaltim
Prima Coal (KPC) was 27.2 million tons
while from PT Arutmin Indonesia was 13.3
million tons, making a total of 40.5 million
tons of coal. "We also continue to
strengthen market share and prioritize
saham BUMI di Bursa Efek Indonesia (BEI) itu sedang melakukan studi kelayakan.
Gasifikasi batubara ini juga diklaim sebagai gan atas rencana pemerintah untuk
Liquifed Petroleum Gas (LPG), dengan menggunakan bahan baku batubara sebagai pengganti melalui gasifikasi
Corporate Secretary BUMI, Dileep n, bahwa rencana
hilirisasi ini masih dalam bahasan perusahaan.
"The downstream project is currently in
the feasibility study stage, hopefully it will
be completed soon," he told KONTAN,
Friday (30/8). But unfortunately, Dileep
the investment
they have prepared to work on this
Just so you know, through gasification
technology, coal will be transformed into a
high value final product. This technology
will convert young coal into syngas to be
thyl ether (DME) as a
substitute for LPG, urea as fertilizer, and
polypropylene as a plastic raw material.
Thus, in addition to coal downstreaming,
BUMI also has plans to diversify their
sources of income by starting gold
production. "From Citra Palu this year and
zinc production from Dairi Prima Mineral,"
While increasing business lines, now BUMI
continues to optimize operational
activities. This year BUMI is targeting
production of 87 million metric tons to 90
million metric tons. Until June 2019
yesterday, production from PT Kaltim
Prima Coal (KPC) was 27.2 million tons
while from PT Arutmin Indonesia was 13.3
million tons, making a total of 40.5 million
tons of coal. "We also continue to
strengthen market share and prioritize
coal supply to the domestic market," he
explained.
BUMI also seeks to obtain a long
contract in supplying coal to the nearest
PLN power plant. Reporter: Ika Puspitasari,
Editor: Yuwono triatmojo
"Proyek hilirisasi saat ini sedang tahap
studi kelayakan, semoga selesai
nya," ujarnya kepada KONTAN, Jumat
(30/8). Namun sayangnya, Dileep belum
dapat menyampaikan investasi yang
mereka siapkan untuk menggarap proyek
hilirisasi ini.
Asal tahu saja, melalui teknologi gasifikasi,
batubara akan diubah menjadi produk
akhir yang bernilai tinggi. Teknologi ini
akan mengonversi batubara muda menjadi
syngas untuk kemudian diproses menjadi
dimethyl ether (DME) sebagai substitusi
LPG, urea sebagai pupuk, dan
sebagai bahan baku plastik.
Dus, selain hilirisasi batubara itu, BUMI
juga mempunyai rencana untuk melakukan
diversifikasi sumber pendapatan mereka
dengan memulai produksi emas. "Dari
Citra Palu pada tahun ini dan produksi
seng dari Dairi Prima Mineral," katanya.
Sambil memperbanyak lini bisnis,
sekarang ini BUMI terus mengoptimalkan
aktivitas operasional. Pada tahun ini BUMI
membidik produksi sebesar 87 juta metrik
ton hingga 90 juta metrik ton. Sampai Juni
2019 kemarin, produksi dari PT Kaltim
Prima Coal (KPC) sebesar 27,2 juta ton
sementara dari PT
sebanyak 13,3 juta ton, sehingga total 40,5
juta ton batubara. "Kami juga terus mem
perkuat pangsa pasar dan memprioritas
kan pasokan batubara ke pasar domestik,
paparnya.
Page 12
domestic market," he
BUMI also seeks to obtain a long-term
contract in supplying coal to the nearest
Reporter: Ika Puspitasari,
Editor: Yuwono triatmojo
"Proyek hilirisasi saat ini sedang tahap
studi kelayakan, semoga selesai secepat-
nya," ujarnya kepada KONTAN, Jumat
(30/8). Namun sayangnya, Dileep belum
dapat menyampaikan investasi yang
mereka siapkan untuk menggarap proyek
Asal tahu saja, melalui teknologi gasifikasi,
batubara akan diubah menjadi produk
akhir yang bernilai tinggi. Teknologi ini
akan mengonversi batubara muda menjadi
untuk kemudian diproses menjadi
(DME) sebagai substitusi
gai pupuk, dan polipropilena
sebagai bahan baku plastik.
Dus, selain hilirisasi batubara itu, BUMI
juga mempunyai rencana untuk melakukan
diversifikasi sumber pendapatan mereka
dengan memulai produksi emas. "Dari
Citra Palu pada tahun ini dan produksi
g dari Dairi Prima Mineral," katanya.
Sambil memperbanyak lini bisnis,
sekarang ini BUMI terus mengoptimalkan
aktivitas operasional. Pada tahun ini BUMI
membidik produksi sebesar 87 juta metrik
ton hingga 90 juta metrik ton. Sampai Juni
uksi dari PT Kaltim
Prima Coal (KPC) sebesar 27,2 juta ton
sementara dari PT Arutmin Indonesia
sebanyak 13,3 juta ton, sehingga total 40,5
juta ton batubara. "Kami juga terus mem-
perkuat pangsa pasar dan memprioritas-
kan pasokan batubara ke pasar domestik,"
IMA-Daily Update
BUMI pun berupaya untuk memperoleh
kontrak jangka panjang dalam memasok
batubara ke pembangkit PLN terdekat.
Nickel ore exports stoPresident Director of Antam: No
significant impact
THE GOVERNMENT'S move through the
Ministry of Energy and Mineral Resources (ESDM) accelerates the export ban on nickel or ore ore which will end in December 2019 through the Minister of ESDM Regulation (Permen), in fact it does not have a significant impact on Antam (ANTM).
Aneka Tambang's President Director Arie Prabowo Ariotedjo admitted that he did not yet know the news regarding the signing of the Permen, but he ensured that it would not be a problem for ANTM's smelter development plan.
"Everything is still on schedule," Arie said when contacted by Kontan.co.id, Miggu (1/9). Just so you know, ANTM has a nickel smelter construction project located in West Papua, they hope to start the projecin 2020.
Arie further confirmed that ANTM will continue to boost performance especially in the coming year. Moreover, Arie said, the revenue obtained through nickel ore in a year is only 7% or around Rp 2 trillion of total revenue.
In 2020, ANTM will increase a number of company targets such as increasing bauxite exports to reach 3.8 million tons. "We are also targeting gold sales to rise to 36 tons," explained Arie. One of the factors driving
BUMI pun berupaya untuk memperoleh
kontrak jangka panjang dalam memasok
batubara ke pembangkit PLN terdekat.
Reporter: Ika Puspitasari, Editor: Yuwono
triatmojo
Nickel ore exports stopped, President Director of Antam: No
significant impact
move through the
Ministry of Energy and Mineral Resources (ESDM) accelerates the export ban on nickel or ore ore which will end in December 2019 through the Minister of
Regulation (Permen), in fact it does not have a significant impact on Antam
Aneka Tambang's President Director Arie Prabowo Ariotedjo admitted that he did not yet know the news regarding the signing of the Permen, but he ensured that
e a problem for ANTM's
"Everything is still on schedule," Arie said when contacted by Kontan.co.id, Miggu (1/9). Just so you know, ANTM has a nickel smelter construction project located in West Papua, they hope to start the project
Arie further confirmed that ANTM will continue to boost performance especially in the coming year. Moreover, Arie said, the revenue obtained through nickel ore in a year is only 7% or around Rp 2 trillion of
rease a number of company targets such as increasing bauxite exports to reach 3.8 million tons. "We are also targeting gold sales to rise to 36 tons," explained Arie. One of the factors driving
ANTM's confidence is the projected increase in nickel prices.
Citing Kontan.co.id's notes, as of the first semester of this year, Antam's unaudited sales grew 22% to Rp 14.43 trillion.
Ekspor ore nikel distop, Dirut Antam: Tidak ada dampak
signifikan
LANGKAH pemerintah melalui Kemen
terian Energi dan Sumber Daya Mi(ESDM) mempercepat pelarangan ekspor bijih nikel atau nikel ore yang akan berakhir pada Desember 2019 melalui Peraturan Menteri (Permen) ESDM nyatanya tidak begitu berdampak signifikan bagi Antam (ANTM).
Direktur Utama AnekaPrabowo Ariotedjo mengaku belum mengetahui kabar mengenai ditekennya Permen tersebut, namun ia memastikan hal tersebut tak jadi soal bagi rencana pengembangan smelter milik ANTM.
"Semuanya masih on schedule
ketika dihubungi Kontan.co.id, Miggu (1/9). Asal tahu saja, ANTM memiliki proyek pembangunan smelter nikel yang berlokasi di Papua Barat, mereka mengharapkan dapat memulai proyek itu pada tahun 2020.
Lebih jauh Arie memastikan ANTM akan terus menggenjot kinerja khususnya ptahun mendatang. Apalagi kata Arie, pendapatan yang diperoleh lewat bijih nikel dalam setahun hanya sebesar 7% atau sekitar Rp 2 triliun dari total pendapatan.
Page 13
Reporter: Ika Puspitasari, Editor: Yuwono
ANTM's confidence is the projected increase in nickel prices.
Citing Kontan.co.id's notes, as of the first semester of this year, Antam's unaudited sales grew 22% to Rp 14.43 trillion.
Ekspor ore nikel distop, Dirut Antam: Tidak ada dampak
signifikan
pemerintah melalui Kemen-
terian Energi dan Sumber Daya Mineral (ESDM) mempercepat pelarangan ekspor bijih nikel atau nikel ore yang akan berakhir pada Desember 2019 melalui Peraturan Menteri (Permen) ESDM nyatanya tidak begitu berdampak signifikan bagi Antam
Direktur Utama Aneka Tambang Arie mengaku belum menge-
tahui kabar mengenai ditekennya Permen tersebut, namun ia memastikan hal tersebut tak jadi soal bagi rencana pengembangan
on schedule saja," ujar Arie Kontan.co.id, Miggu (1/9).
Asal tahu saja, ANTM memiliki proyek pembangunan smelter nikel yang berlokasi di Papua Barat, mereka mengharapkan dapat memulai proyek itu pada tahun 2020.
Lebih jauh Arie memastikan ANTM akan terus menggenjot kinerja khususnya pada tahun mendatang. Apalagi kata Arie, pendapatan yang diperoleh lewat bijih nikel dalam setahun hanya sebesar 7% atau sekitar Rp 2 triliun dari total pendapatan.
IMA-Daily Update
Pada tahun 2020, ANTM meningkatkan sejumlah target perseroan seperti peningkatan ekspor bauksit yang mencapai 3,8 juta ton. "Kita juga targetkan penjualan emas naik ke 36 ton," terang Arie. Salah satu faktor yang mendorong keyakinan ANTM adalah proyeksi kenaikan harga nikel.
Mengutip catatan Kontan.co.id, Hingga semester I tahun ini, penjualan uAntam tumbuh 22% menjadi Rp 14,43 triliun.
Gold, silver and precious metal refining
services still contributed the largest sales,
namely 67% or the equivalent of Rp 9.72
trillion.
While ferronickel and nickel contributed
29%, equivalent to Rp 4.07
Therefore, going forward, Antam will
develop a nickel smelter. This company has
signed a partnership with two Chinese
companies.
First, cooperation with Shandong Xinhai to
work on nickel on Gag Island, Papua. Arie
said, the results of the smelter would be
40,000 tons of ferronickel and 500,000
tons of stainless steel in the initial stages.
"The location of the smelter is in Sorong or
Halmahera," he explained, some time ago.
Here, Antam will own a majority of shares
or more than 51%. Investment value of
US$ 1.2 billion. Second, Antam cooperates
with Huayou Cobalt Co. Ltd. to produce
raw materials for electric car batteries and
motorcycles.
The investment value of this project is US$
6 billion. In this project, Inalum as the
parent of Antam will participate in funding.
"The funds can be from bonds, bank loans
and shareholders," explained Arie.
The expansion will not use capital
expenditure this year. This year, Antam
Pada tahun 2020, ANTM meningkatkan sejumlah target perseroan seperti pening-
ksit yang mencapai 3,8 juta ton. "Kita juga targetkan penjualan emas naik ke 36 ton," terang Arie. Salah satu faktor yang mendorong keyakinan ANTM adalah proyeksi kenaikan harga nikel.
Mengutip catatan Kontan.co.id, Hingga semester I tahun ini, penjualan unaudited Antam tumbuh 22% menjadi Rp 14,43
Gold, silver and precious metal refining
services still contributed the largest sales,
namely 67% or the equivalent of Rp 9.72
While ferronickel and nickel contributed
equivalent to Rp 4.07 tril lion.
Therefore, going forward, Antam will
develop a nickel smelter. This company has
signed a partnership with two Chinese
First, cooperation with Shandong Xinhai to
work on nickel on Gag Island, Papua. Arie
smelter would be
40,000 tons of ferronickel and 500,000
tons of stainless steel in the initial stages.
"The location of the smelter is in Sorong or
Halmahera," he explained, some time ago.
Here, Antam will own a majority of shares
ent value of
US$ 1.2 billion. Second, Antam cooperates
with Huayou Cobalt Co. Ltd. to produce
raw materials for electric car batteries and
The investment value of this project is US$
6 billion. In this project, Inalum as the
ll participate in funding.
"The funds can be from bonds, bank loans
and shareholders," explained Arie.
The expansion will not use capital
expenditure this year. This year, Antam
will focus on working on a chemical grade
alumina (CGA) project that will be g
breaking in early September 2019.
The investment value of the project in
Mempawah, West Kalimantan, is around
US$ 900 million. In the first semester,
Antam used capex of Rp 685.14 billion
from a total of Rp 3.39 trillion.
Filemon Agung, Editor: Azis Husaini
Emas, perak dan jasa pemurnian logam
mulia masih memberi kontribusi penjualan
terbesar, yakni 67% atau setara Rp 9,72
triliun.
Sedang feronikel dan nikel berkontribusi
29%, setara Rp 4,07 triliun. Karena itu, ke
depan, Antam akan mengemb
smelter nikel. Perusahaan ini telah
meneken kerja sama dengan dua per
usahaan China.
Pertama, kerja sama dengan Shandong
Xinhai untuk menggarap nikel di Pulau
Gag, Papua. Arie menyebut, hasil dari
smelter nantinya adalah 40.000 ton
feronikel dan 500.000 ton stainless steel
pada tahap awal. "Lokasi
Sorong atau Halmahera," terang dia,
beberapa waktu lalu.
Di sini, Antam akan memiliki mayoritas
saham atau lebih dari 51%. Nilai i
US$ 1,2 miliar. Kedua, Antam
kerja sama dengan Huayou Cobalt Co Ltd
untuk memproduksi bahan baku baterai
mobil listrik dan motor.
Nilai investasi proyek ini US$ 6 miliar.
Dalam proyek ini, Inalum sebagai induk
Antam akan ikut mendanai. "Dananya bisa
dari obligasi, pinjaman bank dan
holder," terang Arie.
Ekspansi tersebut tak akan menggunakan
belanja modal tahun ini. Tahun ini, Antam
fokus menggarap proyek
Page 14
will focus on working on a chemical grade
alumina (CGA) project that will be ground-
breaking in early September 2019.
The investment value of the project in
Mempawah, West Kalimantan, is around
US$ 900 million. In the first semester,
Antam used capex of Rp 685.14 billion
from a total of Rp 3.39 trillion. Reporter:
tor: Azis Husaini
Emas, perak dan jasa pemurnian logam
mulia masih memberi kontribusi penjualan
terbesar, yakni 67% atau setara Rp 9,72
Sedang feronikel dan nikel berkontribusi
29%, setara Rp 4,07 triliun. Karena itu, ke
akan mengembangkan
Perusahaan ini telah
meneken kerja sama dengan dua per-
rja sama dengan Shandong
untuk menggarap nikel di Pulau
apua. Arie menyebut, hasil dari
nantinya adalah 40.000 ton
0.000 ton stainless steel
pada tahap awal. "Lokasi smelter ada di
Sorong atau Halmahera," terang dia,
Di sini, Antam akan memiliki mayoritas
saham atau lebih dari 51%. Nilai investasi
US$ 1,2 miliar. Kedua, Antam menjalin
ngan Huayou Cobalt Co Ltd
untuk memproduksi bahan baku baterai
mobil listrik dan motor.
Nilai investasi proyek ini US$ 6 miliar.
royek ini, Inalum sebagai induk
akan ikut mendanai. "Dananya bisa
ari obligasi, pinjaman bank dan share-
Ekspansi tersebut tak akan menggunakan
un ini. Tahun ini, Antam
fokus menggarap proyek chemical grade
IMA-Daily Update
alumina (CGA) yang akan groundbreaking
awal September 2019.
Nilai investasi proyek di Mempawah,
Kalimantan Barat tersebut sekitar US$ 900
The Government Will Simplify the Procedure for Utilizing
Mining WasteCNN Indonesia
THE GOVERNMENT will make it easier for
mining companies to reuse solid waste (slag) from their processing and refining facilities. For this convenience, they are currently compiling the rules.
During this time, the slag is in the category of toxic and hazardous substances (B3). "We are not just changing the rules but simplifying, the important thing is that there may be testing to decide that (smelter waste) is not B3," saiCoordinating Minister for the Economy Darmin Nasution in his office, Friday (30/8).
Darmin said smelter waste was included in the B3 category because of its large volume. However, that does not mean that all the contents in solid waste are dangerous to use.
"For example nickel, at most in the soil it is around 2 to 3 percent (which is obtained) by the heating method. The rest, so that the garbage piles up," he said.
Because it is categorized as B3 waste, the company cannot immediately reuse it. In the end, the waste will be piled up in the mining area.
alumina (CGA) yang akan groundbreaking
Nilai investasi proyek di Mempawah,
ekitar US$ 900
juta. Di semester I, Antam telah mengguna
kan capex Rp 685,14 miliar dari total Rp
3,39 triliun. Reporter: Filemon Agung, Editor:
Azis Husaini
The Government Will Simplify the Procedure for Utilizing
Mining Waste
will make it easier for
mining companies to reuse solid waste (slag) from their processing and refining facilities. For this convenience, they are
During this time, the slag is in the category of toxic and hazardous substances (B3). "We are not just changing the rules but simplifying, the important thing is that there may be testing to decide that (smelter waste) is not B3," said Coordinating Minister for the Economy Darmin Nasution in his office, Friday
Darmin said smelter waste was included in the B3 category because of its large volume. However, that does not mean that all the contents in solid waste are
"For example nickel, at most in the soil it is around 2 to 3 percent (which is obtained) by the heating method. The rest, so that the
Because it is categorized as B3 waste, the company cannot immediately reuse it. In
, the waste will be piled up in the
Considering the government is pushing for downstreaming, the number of smelters in the country will increase. That is, the slag has the potential to increasingly booming. This will certainly be difficult if slag must be stockpiled because the amount of land is limited.
Pemerintah Akan Permudah Prosedur Pemanfaatan Limbah
TambangCNN Indonesia
PEMERINTAH akan mempermudah per
usahaan tambang untuk memanfaatkan kembali limbah padat (pengolahan dan pemurnian mereka. Untuk kemudahan tersebut, mereka saat ini tengah menyusun aturan.
Selama ini, slag tersebut masuk kategori bahan beracun dan berbahaya (B3). "Kami tidak sekedar mengubah aturan tetapi menyederhanakan, yang penting boleh ada pengujian untuk memutuskan bahwa (limbah smelter) itu bukan B3," ujar Menteri Koordinator Bidang Perekonomian Darmin Nasution di kantornya, Jumat (30/8).
Darmin mengungkapkan limbah smelter masuk ke dalam kategori B3 karena volumenya yang banyak. Namun,bukan berarti seluruh kandungan di dalam limbah padat tersebut berbahaya untuk digunak
Page 15
ster I, Antam telah mengguna-
Rp 685,14 miliar dari total Rp
Reporter: Filemon Agung, Editor:
Considering the government is pushing for downstreaming, the number of smelters in the country will increase. That is, the slag has the potential to increasingly booming. This will certainly be difficult if the entire slag must be stockpiled because the amount of land is limited.
Pemerintah Akan Permudah Prosedur Pemanfaatan Limbah
Tambang CNN Indonesia
akan mempermudah per-
untuk memanfaatkan padat (slag) dari fasilitas
pengolahan dan pemurnian mereka. Untuk kemudahan tersebut, mereka saat ini tengah
Selama ini, slag tersebut masuk kategori bahan beracun dan berbahaya (B3). "Kami tidak sekedar mengubah aturan tetapi menyederhanakan, yang penting boleh ada pengujian untuk memutuskan bahwa (limbah smelter) itu bukan B3," ujar Menteri
nator Bidang Perekonomian Darmin Nasution di kantornya, Jumat (30/8).
Darmin mengungkapkan limbah smelter masuk ke dalam kategori B3 karena volume-nya yang banyak. Namun,bukan berarti seluruh kandungan di dalam limbah padat tersebut berbahaya untuk digunakan.
IMA-Daily Update
"Misalnya nikel, paling-paling di dalam tanahnya itu sekitar 2 sampai 3 persen (yang diperoleh) dengan metode pemanasan. Sisanya, jadi sampah sehingga menumpuk," ujarnya.
Karena dikategorikan sebagai limbah B3, perusahaan tidak bisa serta merta memanfaatkannya kembali. Ujunglimbah tersebut ditimbun di area tambang.
Mengingat pemerintah tengah mendorong hilirisasi, jumlah smelter di dalam negeri akan semakin banyak. Artinya, slag berpotensi semakin membludak. Hal ini tentu akan menyulitkan jika seluruh slag
ditimbun karena jumlah lahan terbatas.
Meanwhile, the permit to process waste
again is a long and complicated process. In
fact, abroad, smelter waste can already be
used for building materials, road coatings,
and a mixture of cement materials.
Smelter waste can also be reused during
post-mining reclamation. "In us
(Indonesia) because of hazardous waste,
(slag) we cannot do anything," he said.
Seeing that, during the last two months, the
government discussed the opportunities
for the utilization of waste, including
relaxation of B3 processing
regulations regulated by the Ministry of
Environment and Forestry.
"It's not all (solid waste that can be
utilized), only nickel and iron steel waste
because it's lighter," he said.
Separately, the Director of Mineral
Exploitation Development at the
Directorate General of Mineral and Coal at
the Ministry of ESDM, Yunus Saefulhak,
revealed that within a year the remaining
slag of processed smelters could reach 20
paling di dalam tanahnya itu sekitar 2 sampai 3 persen (yang diperoleh) dengan metode pemanas-an. Sisanya, jadi sampah sehingga menum-
Karena dikategorikan sebagai limbah B3, perusahaan tidak bisa serta merta me-manfaatkannya kembali. Ujung-ujungnya, limbah tersebut ditimbun di area tambang.
Mengingat pemerintah tengah mendorong hilirisasi, jumlah smelter di dalam negeri akan semakin banyak. Artinya, slag ber-potensi semakin membludak. Hal ini tentu
slag itu harus ditimbun karena jumlah lahan terbatas.
Meanwhile, the permit to process waste
again is a long and complicated process. In
fact, abroad, smelter waste can already be
used for building materials, road coatings,
of cement materials.
Smelter waste can also be reused during
mining reclamation. "In us
(Indonesia) because of hazardous waste,
(slag) we cannot do anything," he said.
Seeing that, during the last two months, the
government discussed the opportunities
of waste, including
relaxation of B3 processing licensing
regulations regulated by the Ministry of
that can be
utilized), only nickel and iron steel waste
Separately, the Director of Mineral
Exploitation Development at the
Directorate General of Mineral and Coal at
the Ministry of ESDM, Yunus Saefulhak,
in a year the remaining
slag of processed smelters could reach 20
million tons. With more smelters, slag is
expected to increase to 35 million tons.
Therefore, the institution is ready to
support the process of utilizing slag in the
future. For example, in
administering an addendum to the
reclamation plan document related to the
use of slag in the post
process.
"Formerly maybe there was no slag that
entered (reclamation), now there is a
study, slag can enter," he said.
Sementara, perizinan untuk mengolah limbah kembali prosesnya panjang dan
rumit. Padahal, di luar negeri, limbah
smelter sudah bisa dimanfaatkan untuk
bahan bangunan, bahan pelapis jalan, dan
campuran bahan semen.
Limbah smelter juga bisa digunakan kembali saat reklamasi pascatambang. "Di
kita (Indonesia) karena limbah berbahaya, (slag) itu tidak bisa diapa
nya.
Melihat hal itu, selama dua bulan terakhir, pemerintah membahas mengenai peluang
pemanfaatan limbah tersebut, termasuk
diantaranya relaksasi regulasi perizinan
pengolahan B3 yang diatur oleh
Kementerian Lingkungan HidupKehutanan.
"Memang (limbah padat yang bisa dimanfaatkan) belum semua, baru limbah
nikel dan besi baja karena ini lebih ringan,"
tuturnya.
Secara terpisah, Direktur Pembinaan Pengusahaan Mineral Direktorat Jenderal
Mineral dan Batu Bara Kementerian ESDM
Yunus Saefulhak mengungkapkan dalam
setahun slag sisa olahan smelter bisa mencapai 20 juta ton. Dengan semakin banyak
Page 16
million tons. With more smelters, slag is
expected to increase to 35 million tons.
Therefore, the institution is ready to
support the process of utilizing slag in the
For example, in the case of
administering an addendum to the
reclamation plan document related to the
use of slag in the post-mining reclamation
"Formerly maybe there was no slag that
entered (reclamation), now there is a
study, slag can enter," he said. (sfr/agt)
Sementara, perizinan untuk mengolah limbah kembali prosesnya panjang dan
rumit. Padahal, di luar negeri, limbah
smelter sudah bisa dimanfaatkan untuk
bahan bangunan, bahan pelapis jalan, dan
campuran bahan semen.
Limbah smelter juga bisa digunakan ali saat reklamasi pascatambang. "Di
kita (Indonesia) karena limbah berbahaya, ) itu tidak bisa diapa-apakan," kata-
Melihat hal itu, selama dua bulan terakhir, pemerintah membahas mengenai peluang
pemanfaatan limbah tersebut, termasuk
relaksasi regulasi perizinan
pengolahan B3 yang diatur oleh
Kementerian Lingkungan Hidup dan
"Memang (limbah padat yang bisa di-manfaatkan) belum semua, baru limbah
nikel dan besi baja karena ini lebih ringan,"
Secara terpisah, Direktur Pembinaan Pengusahaan Mineral Direktorat Jenderal
Mineral dan Batu Bara Kementerian ESDM
Yunus Saefulhak mengungkapkan dalam
sisa olahan smelter bisa men-capai 20 juta ton. Dengan semakin banyak-
IMA-Daily Update
nya smelter, slag diperkirakan bakal
meningkat menjadi 35 juta ton ton.
Untuk itu, instansinya siap mendukung proses pemanfaatan slag ke depan. Misal
nya, dalam hal pengurusan addendum dokumen rencana reklamasi terkait peng
Antam's Gold Price Continues to Rise
Ade Hapsari Lestarini
THE MOVEMENT of the gold
Aneka Tambang Tbk (Antam) earlier this
week climbed again. Although local gold prices do not follow in the footsteps of
world gold prices.
Citing Antam's Precious Metals page, Monday, September 2, 2019, the price of
Antam's gold at the LM Antam
Boutique Building was recorded at Rp. 755
thousand per gram. This gold price
strengthened Rp2,000 per gram compared to the previous trade.
Similarly, the price of gold buyback moved higher to Rp.695 thousand per gram or
rose Rp5,000 per gram.
The price of gold at PT Pos Indonesia refers to the price of the nearest LM Gold
Boutique. The price of gold bars includes
PPh 22 at 0.9 percent. You must include a
TIN to get a lower tax cut (0.45 percent).
Earlier, gold futures prices on the Comex division of the New York Mercantile
Exchange fell for the third day in a row at the end of trading Friday (local time WIB).
The weakening occurred because the
rkirakan bakal
meningkat menjadi 35 juta ton ton.
Untuk itu, instansinya siap mendukung ke depan. Misal-
nya, dalam hal pengurusan addendum dokumen rencana reklamasi terkait peng-
gunaan slag dalam proses reklamasi pasca
tambang.
"Dulunya mungkin tidak ada masuk (reklamasi), sekarang ada kajian
slag bisa masuk," ujarnya.
Antam's Gold Price Continues to
Ade Hapsari Lestarini
of the gold price of PT
Aneka Tambang Tbk (Antam) earlier this
week climbed again. Although local gold prices do not follow in the footsteps of
Citing Antam's Precious Metals page, Monday, September 2, 2019, the price of
Antam's gold at the LM Antam Gold
Boutique Building was recorded at Rp. 755
thousand per gram. This gold price
strengthened Rp2,000 per gram compared
Similarly, the price of gold buyback moved higher to Rp.695 thousand per gram or
ce of gold at PT Pos Indonesia refers to the price of the nearest LM Gold
Boutique. The price of gold bars includes
PPh 22 at 0.9 percent. You must include a
TIN to get a lower tax cut (0.45 percent).
Earlier, gold futures prices on the Comex he New York Mercantile
Exchange fell for the third day in a row at the end of trading Friday (local time WIB).
The weakening occurred because the
United States dollar (USD) maintained its
bullish momentum.
Citing Antara, Saturday, August 31, 2019, the most active gold contract for December
delivery fell USD7.50 or 0.49 percent to
USD1,529.40 an ounce. The USD index, a
measure of the greenback against a basket
of other major currencies, rose 0.44 percent to 98.94 shortly before the
completion of gold trading
Harga Emas Antam Terus Menanjak
Ade Hapsari Lestarini
PERGERAKAN harga emas milik PT Aneka
Tambang Tbk (Antam) pada awal pekan ini kembali menanjak. Kendati harga emas lokal tidak mengikuti jejak harga emas dunia.
Mengutip laman Logam Mulia Antam
Senin, 2 September 2019, harga emas Antam di Butik Emas LM Gedung Antam tercatat berada di level Rp755 ribu per gram. Harga emas ini menguat Rp2.000 per gram dibandingkan perdagangan sebelumnya.
Senada, harga pembelian kembali(buyback) emas bergerak menguat kposisi Rp695 ribu per gram atau naik Rp5.000 per gram.
Page 17
gunaan slag dalam proses reklamasi pasca-
lunya mungkin tidak ada slag yang masuk (reklamasi), sekarang ada kajian
slag bisa masuk," ujarnya. (sfr/agt)
United States dollar (USD) maintained its
Citing Antara, Saturday, August 31, 2019, active gold contract for December
delivery fell USD7.50 or 0.49 percent to
USD1,529.40 an ounce. The USD index, a
measure of the greenback against a basket
of other major currencies, rose 0.44 percent to 98.94 shortly before the
completion of gold trading.
Harga Emas Antam Terus Menanjak
Ade Hapsari Lestarini
harga emas milik PT Aneka
Tambang Tbk (Antam) pada awal pekan ini kembali menanjak. Kendati harga emas lokal tidak mengikuti jejak harga emas
Logam Mulia Antam, , 2 September 2019, harga emas
Antam di Butik Emas LM Gedung Antam tercatat berada di level Rp755 ribu per gram. Harga emas ini menguat Rp2.000 per gram dibandingkan perdagangan sebelum-
Senada, harga pembelian kembali ) emas bergerak menguat ke
posisi Rp695 ribu per gram atau naik
IMA-Daily Update
Adapun harga emas di PT Pos Indonesia mengacu pada harga Butik Emas LM terdekat. Harga emas batangan sudah termasuk PPh 22 di 0,9 persen. Anda harus menyertakan NPWP untuk memperoleh potongan pajak lebih rendah (0,45 persen).
Sebelumnya harga emas berjangka di divisi Comex New York Mercantile Exchange turun untuk hari ketiga berturutpada akhir perdagangan Jumat waktu setempat (Sabtu WIB). Pelemahan terjadi karena dolar Amerika Serikat (USD) mempertahankan momentum bullish
Mengutip Antara, Sabtu, 31 Agustus 2019, kontrak emas paling aktif untukpengiriman Desember turun USD7,50 atau 0,49 persen menjadi USD1.529,40 per ons. Indeks USD, ukuran greenback
sekeranjang mata uang utama la0,44 persen menjadi 98,94 tak lama sebelum penyelesaian perdagangan emas.
While other precious metals, silver for December delivery rose as much as 1.9 cents, or 0.1 percent, to USD18,322 per ounce. While platinum for October delivery
Indonesia ore ban spurs nickel to 5
NICKEL prices soared to five
producer Indonesia said the country would ban ore exports from December, fanning fears of shrinking supplies and deficits.
Benchmark nickel on the London Metal Exchange (LME) tonne, its biggest one-day gain since 2009. Prices of the stainless steel ingredient have climbed nearly 70% so far this year, outperforming other base metals.
"The tide is turning and there are a few things behind that. Oores from Indonesia followed by the announcement of the export ban from December 2019," said ING analyst Wenyu Yao.
"Depletion of ore and mines closing in the Philippines, supply disruptions in Papua New Guinea and funds adding to long positions are other things behind the nickel price rally."
Adapun harga emas di PT Pos Indonesia mengacu pada harga Butik Emas LM terdekat. Harga emas batangan sudah termasuk PPh 22 di 0,9 persen. Anda harus menyertakan NPWP untuk memperoleh
ebih rendah (0,45 persen).
Sebelumnya harga emas berjangka di divisi Comex New York Mercantile Exchange turun untuk hari ketiga berturut-turut pada akhir perdagangan Jumat waktu setempat (Sabtu WIB). Pelemahan terjadi karena dolar Amerika Serikat (USD) mem-pertahankan momentum bullish-nya.
, Sabtu, 31 Agustus 2019, kontrak emas paling aktif untuk pengiriman Desember turun USD7,50 atau 0,49 persen menjadi USD1.529,40 per ons.
greenback terhadap sekeranjang mata uang utama lainnya, naik 0,44 persen menjadi 98,94 tak lama sebelum penyelesaian perdagangan emas.
While other precious metals, silver for December delivery rose as much as 1.9 cents, or 0.1 percent, to USD18,322 per ounce. While platinum for October delivery
rose as much as USD11, 70 or 1.27 percent to USD931.70 per ounce.
When the USD strengthens, gold that is priced in USD will usually go down because it becomes more expensive for investors holding other currencies. Although gold fell on the last trading day of Augusended the month with a full month increase of more than six percent.
Sementara logam mulia lainnya, perak untuk pengiriman Desember naik sebanyak 1,9 sen atau 0,1 persen menjadi USD18,322 per ons. Sedangkan platinum untuk pengiriman Oktober naik sebanyak USD11,70 atau 1,27 persen menjadi USD931,70 per ons.
Ketika USD menguat, emas yang dihargakan dalam USD biasanya akan turun karena menjadi lebih mahal bagi investor yang memegang mata uang lainnya. Meskipun emas turun pada hari perdagangan teAgustus, emas mengakhiri bulan ini dengan kenaikan sebulan penuh mencapai lebih dari enam persen. (AHL)
Indonesia ore ban spurs nickel to 5-year highBy Zandi Shabalala
prices soared to five-year highs on Friday after a government official at major
producer Indonesia said the country would ban ore exports from December, fanning fears of shrinking supplies and deficits.
Benchmark nickel on the London Metal Exchange (LME) ended 8.8% higher at $17,900 per day gain since 2009. Prices of the stainless steel ingredient have
climbed nearly 70% so far this year, outperforming other base metals.
"The tide is turning and there are a few things behind that. One is the reduced supply of nickel ores from Indonesia followed by the announcement of the export ban from December 2019,"
"Depletion of ore and mines closing in the Philippines, supply disruptions in Papua New adding to long positions are other things behind the nickel price rally."
Page 18
uch as USD11, 70 or 1.27 percent to USD931.70 per ounce.
When the USD strengthens, gold that is priced in USD will usually go down because it becomes more expensive for investors holding other currencies. Although gold fell on the last trading day of August, gold ended the month with a full month increase of more than six percent. (AHL)
Sementara logam mulia lainnya, perak untuk pengiriman Desember naik sebanyak 1,9 sen atau 0,1 persen menjadi USD18,322 per ons. Sedangkan platinum untuk pengiriman
naik sebanyak USD11,70 atau 1,27 persen menjadi USD931,70 per ons.
Ketika USD menguat, emas yang dihargakan dalam USD biasanya akan turun karena menjadi lebih mahal bagi investor yang memegang mata uang lainnya. Meskipun emas turun pada hari perdagangan terakhir Agustus, emas mengakhiri bulan ini dengan kenaikan sebulan penuh mencapai lebih dari
year high
year highs on Friday after a government official at major
producer Indonesia said the country would ban ore exports from December, fanning fears of
ended 8.8% higher at $17,900 per day gain since 2009. Prices of the stainless steel ingredient have
ne is the reduced supply of nickel ores from Indonesia followed by the announcement of the export ban from December 2019,"
"Depletion of ore and mines closing in the Philippines, supply disruptions in Papua New adding to long positions are other things behind the nickel price rally."
IMA-Daily Update
Long nickel positions on the LME held by investment funds stand at nearly 40,000 lots, their highest since June 2018, according to the Citi LME nickel speculative positioning indica
Indonesia's Energy and Mineral Resources Minister Ignasius Jonan signed a new regulation to restrict ore exports, according to a voice recording verified by a ministry spokesman. The original ban on ore exports in 2014 was lifted for certain minerals time to build smelters to process minerals such as nickel, bauxite and copper.
Indonesia now only allows miners to export low
On the LME market, worries about nearby supplies have been reinforced by one entity holding between 50% and 79% of nickel warrants .
Falling nickel stocks in LME-registered warehouses at 109,950 tonnes, down 20% so far this year, have added to those worries. This can be seen in the premium for the LME's cash nickel over the three-month contract, wdecade.
The global nickel market estimated at 14 million tonnes has been in deficit for some years now and expectations were for a more balanced market next year.
The International Nickel Study Groupthan last year, expects a shortage of 84,000 tonnes in 2019. Adding to supply concerns was a waste spill from a nickel plant in Papua New Guinea which raised fears of a shutdown and plans by African Rainbow Minerals to shutter its lossother metals, copper closed 0.8% lower at $5,680 per tonne, aluminium was flat at $1,743, zinc fell 2.6% to its lowest since August 2016 at $2,209.
Lead shed 2.1% to $2,017, while
(Additional reporting by Pratima Desai; editing by David Evans and Emelia Sithole
Ramu sends nickel price to 5
EXPECTATIONS of booming demand for electric vehicles have bolstered the longer term bull
case for nickel, and a supply crunch, following threats of a shutdown of a major Asian supplier only added fuel to the fire on Friday.
Nickel is now up 65% since the
tonne in London on Friday, the highest since September 2014. As an indication of just how
tight supply has become, in London the spread between spot prices and nickel for delivery in three months spiked to the highest in a decade.
The nickel price jumped to a record high in Shanghai to the equivalent of $18,342 per tonne,
surpassing the value of tin on that futures market for the first time.
Long nickel positions on the LME held by investment funds stand at nearly 40,000 lots, their highest since June 2018, according to the Citi LME nickel speculative positioning indica
Indonesia's Energy and Mineral Resources Minister Ignasius Jonan signed a new regulation to restrict ore exports, according to a voice recording verified by a ministry spokesman. The original ban on ore exports in 2014 was lifted for certain minerals in 2017 to give miners time to build smelters to process minerals such as nickel, bauxite and copper.
Indonesia now only allows miners to export low-grade nickel.
On the LME market, worries about nearby supplies have been reinforced by one entity etween 50% and 79% of nickel warrants .
registered warehouses at 109,950 tonnes, down 20% so far this year, have added to those worries. This can be seen in the premium for the LME's cash nickel
month contract, which rose above $100 a tonne, its highest in more than a
The global nickel market estimated at 14 million tonnes has been in deficit for some years now and expectations were for a more balanced market next year.
The International Nickel Study Group (INSG), which so far this year shows a narrower deficit than last year, expects a shortage of 84,000 tonnes in 2019. Adding to supply concerns was a waste spill from a nickel plant in Papua New Guinea which raised fears of a shutdown and
Rainbow Minerals to shutter its loss-making nickel mine in South Africa. In other metals, copper closed 0.8% lower at $5,680 per tonne, aluminium was flat at $1,743, zinc fell 2.6% to its lowest since August 2016 at $2,209.
Lead shed 2.1% to $2,017, while tin jumped 3.5% to $16,350.
(Additional reporting by Pratima Desai; editing by David Evans and Emelia Sithole
Ramu sends nickel price to 5-year high amid tightest market in decade Frik Els
of booming demand for electric vehicles have bolstered the longer term bull
case for nickel, and a supply crunch, following threats of a shutdown of a major Asian supplier only added fuel to the fire on Friday.
Nickel is now up 65% since the start of the year, rocketing more than 8% to $17,695 per
tonne in London on Friday, the highest since September 2014. As an indication of just how
tight supply has become, in London the spread between spot prices and nickel for delivery in iked to the highest in a decade.
The nickel price jumped to a record high in Shanghai to the equivalent of $18,342 per tonne,
surpassing the value of tin on that futures market for the first time.
Page 19
Long nickel positions on the LME held by investment funds stand at nearly 40,000 lots, their highest since June 2018, according to the Citi LME nickel speculative positioning indicator.
Indonesia's Energy and Mineral Resources Minister Ignasius Jonan signed a new regulation to restrict ore exports, according to a voice recording verified by a ministry spokesman. The
in 2017 to give miners time to build smelters to process minerals such as nickel, bauxite and copper.
On the LME market, worries about nearby supplies have been reinforced by one entity
registered warehouses at 109,950 tonnes, down 20% so far this year, have added to those worries. This can be seen in the premium for the LME's cash nickel
hich rose above $100 a tonne, its highest in more than a
The global nickel market estimated at 14 million tonnes has been in deficit for some years
(INSG), which so far this year shows a narrower deficit than last year, expects a shortage of 84,000 tonnes in 2019. Adding to supply concerns was a waste spill from a nickel plant in Papua New Guinea which raised fears of a shutdown and
making nickel mine in South Africa. In other metals, copper closed 0.8% lower at $5,680 per tonne, aluminium was flat at $1,743,
(Additional reporting by Pratima Desai; editing by David Evans and Emelia Sithole-Matarise)
year high amid tightest market in
of booming demand for electric vehicles have bolstered the longer term bull
case for nickel, and a supply crunch, following threats of a shutdown of a major Asian supplier
start of the year, rocketing more than 8% to $17,695 per
tonne in London on Friday, the highest since September 2014. As an indication of just how
tight supply has become, in London the spread between spot prices and nickel for delivery in
The nickel price jumped to a record high in Shanghai to the equivalent of $18,342 per tonne,
IMA-Daily Update
Friday’s move comes after the mines ministry of Papua New
plant owned by Metallurgical Corp of China (MCC) that spilled
Guinea’s Basamuk Bay may face closure
“The (Ramu) operation produces approximately 35,000 tonnes of nickel, equivalent to 23% of
the metal held in London Metal Exchange inventories,” antipodean investment bank ANZ said
in a note quoted by Reuters.
The price received another boost on Friday after Indonesia’s mine minister said the country my expedite the reinstatement of a ban
China’s nickel pig iron (NPI) production fed from Indonesian and Philippine mines dominate the global industry, and despite the eco
of the world’s nickel, stainless steel production is growing rapidly.
Bloomberg also reported on Friday that USyears-long attempt to untangle an elaborate nickel w
around $300 million that ensnared major metals brokerages.
Miners of the devil’s copper are used to wild swings in price. From the lbelow $9,000 a tonne to around this time last year, the metal gained 79%, only to slump by
nearly a third to its opening levels of 2019. And who can forget that in March 2007, nickel peaked at $51,780 per tonne.
Jolt by Jakarta
When Jakarta enforced the ban to encourage the building of domestic smelters from 2014 to 2016 the price gained initially, but Chinese NPI producers were able to switch to Philippine
Friday’s move comes after the mines ministry of Papua New Guinea said a nickel processing
plant owned by Metallurgical Corp of China (MCC) that spilled mine waste into Papua New
e closure.
“The (Ramu) operation produces approximately 35,000 tonnes of nickel, equivalent to 23% of
the metal held in London Metal Exchange inventories,” antipodean investment bank ANZ said
The price received another boost on Friday after Indonesia’s mine minister said the country expedite the reinstatement of a ban on unprocessed ore exports first mooted for 2022.
China’s nickel pig iron (NPI) production fed from Indonesian and Philippine mines dominate the global industry, and despite the economic slowdown in China, which imports some 50%
of the world’s nickel, stainless steel production is growing rapidly.
Bloomberg also reported on Friday that US-based Carlyle Group has been caught up in a long attempt to untangle an elaborate nickel warehousing fraud in Hong Kong worth
around $300 million that ensnared major metals brokerages.
are used to wild swings in price. From the lbelow $9,000 a tonne to around this time last year, the metal gained 79%, only to slump by
nearly a third to its opening levels of 2019. And who can forget that in March 2007, nickel
ta enforced the ban to encourage the building of domestic smelters from 2014 to 2016 the price gained initially, but Chinese NPI producers were able to switch to Philippine
Page 20
Guinea said a nickel processing
waste into Papua New
“The (Ramu) operation produces approximately 35,000 tonnes of nickel, equivalent to 23% of
the metal held in London Metal Exchange inventories,” antipodean investment bank ANZ said
The price received another boost on Friday after Indonesia’s mine minister said the country on unprocessed ore exports first mooted for 2022.
China’s nickel pig iron (NPI) production fed from Indonesian and Philippine mines dominate nomic slowdown in China, which imports some 50%
based Carlyle Group has been caught up in a arehousing fraud in Hong Kong worth
are used to wild swings in price. From the lows of mid-2017 below $9,000 a tonne to around this time last year, the metal gained 79%, only to slump by
nearly a third to its opening levels of 2019. And who can forget that in March 2007, nickel
ta enforced the ban to encourage the building of domestic smelters from 2014 to 2016 the price gained initially, but Chinese NPI producers were able to switch to Philippine
IMA-Daily Update
miners in a relatively short time, so it’s unclear the impact of export restriction
time around.
NPI contains only 8–12% nickel and less than half of the total1 product, which is suitable for conversion into nickel sulphate used in battery
manufacturing.
Class 1 nickel powder for sulphate
for miners to switch to battery grade material requires huge investments to upgrade refining and processing facilities.
But confidence in future demand is such that BHP decided last year to hold onto Nafter many attempts to offload it, and is now spending hundreds of millions of dollars switching its Australian operations to battery
The electric vehicle (EV) narrative is an exciting one for the metal, but it is still early dLast year, only around 6% of nickel ended up in EV batteries, as 70% of supply goes into
making stainless steel.♦
Australian Vanadium teams up with Metso for test work
AUSTRALIAN Vanadium has announced the selection of Metso for the next phase of
definitive feasibility study pilot testing at its Australian Vanadium project.
Metso was chosen because of its worldsolutions, the ASX-listed company said.
“AVL and Metso are committed to working together to develop an improved thermal processing solution involving pelletising of the vanadium rich iron concentrate produced at the Australian Vanadium project,” Australian Vanadium said.
The solution will involve pelletising the concentrate and processing it through a GK system. Pelletising has been used previously in Europe and China for the processing of primary vanadium-titanium-iron ores, with the benefits including:
• Improved roasting reaction;
• Minimal dusting, and;
• Reduced build-up of residues within the kiln.
Bench-scale tests have already been completed by the company on its pelletised vanadiumrich iron concentrate and have confirmed that pelletised concentrate roasting offers a substantial advantage to the traditional rotary kiln technology currently employed by all primary vanadium producers, AVL said.
miners in a relatively short time, so it’s unclear the impact of export restriction
12% nickel and less than half of the total nickel output is so1 product, which is suitable for conversion into nickel sulphate used in battery
Class 1 nickel powder for sulphate production enjoys a large premium over LME prices, but
for miners to switch to battery grade material requires huge investments to upgrade refining
But confidence in future demand is such that BHP decided last year to hold onto Nafter many attempts to offload it, and is now spending hundreds of millions of dollars switching its Australian operations to battery-grade production.
The electric vehicle (EV) narrative is an exciting one for the metal, but it is still early dLast year, only around 6% of nickel ended up in EV batteries, as 70% of supply goes into
Australian Vanadium teams up with Metso for test workPosted by Daniel Gleeson
Vanadium has announced the selection of Metso for the next phase of
definitive feasibility study pilot testing at its Australian Vanadium project.
Metso was chosen because of its world-renowned expertise in Grate Kiln (GK) processing sted company said.
“AVL and Metso are committed to working together to develop an improved thermal processing solution involving pelletising of the vanadium rich iron concentrate produced at the Australian Vanadium project,” Australian Vanadium said.
olution will involve pelletising the concentrate and processing it through a GK system. Pelletising has been used previously in Europe and China for the processing of primary
iron ores, with the benefits including:
up of residues within the kiln.
scale tests have already been completed by the company on its pelletised vanadiumrich iron concentrate and have confirmed that pelletised concentrate roasting offers a
bstantial advantage to the traditional rotary kiln technology currently employed by all primary vanadium producers, AVL said.
Page 21
miners in a relatively short time, so it’s unclear the impact of export restrictions would be this
nickel output is so-called Class 1 product, which is suitable for conversion into nickel sulphate used in battery
production enjoys a large premium over LME prices, but
for miners to switch to battery grade material requires huge investments to upgrade refining
But confidence in future demand is such that BHP decided last year to hold onto Nickel West after many attempts to offload it, and is now spending hundreds of millions of dollars
The electric vehicle (EV) narrative is an exciting one for the metal, but it is still early days. Last year, only around 6% of nickel ended up in EV batteries, as 70% of supply goes into
Australian Vanadium teams up with Metso for test work
Vanadium has announced the selection of Metso for the next phase of
definitive feasibility study pilot testing at its Australian Vanadium project.
renowned expertise in Grate Kiln (GK) processing
“AVL and Metso are committed to working together to develop an improved thermal processing solution involving pelletising of the vanadium rich iron concentrate produced at
olution will involve pelletising the concentrate and processing it through a GK system. Pelletising has been used previously in Europe and China for the processing of primary
scale tests have already been completed by the company on its pelletised vanadium-rich iron concentrate and have confirmed that pelletised concentrate roasting offers a
bstantial advantage to the traditional rotary kiln technology currently employed by all
IMA-Daily Update
AVL’s pelletised roasting tests have shown vanadium extraction results averaging 95.4%, versus a rotary kiln extraction of 85technologies, according to the company.
The next phase calls for pilot scale testing to simulate and optimise the GK process.
“The GK system is a combination of a travelling grate furnace for prekiln for final roasting,” AVL said. “The feed concentrate is formed into pellets of a particular size that are well-suited for the process. The pellets are then loaded onto the traveling grate and pass through multiple furnace heating zones whfrom the kiln are forced through the bed of pellets.”
This process accomplishes gradual and controlled drying and preheating of the pellets while
recouping much of the energy from the hot kiln exhaust gases, accord
The rotary kiln is then dedicated to the final roasting of the pellets after they’ve been dried
and preheated and can be controlled independently to achieve thermal profiles which result
in higher levels of vanadium extraction.
AVL said: “Although the GK technology is more commonly used for indurating iron ore pellets,
it has also been successfully applied to similar roasting applications because of its unique
ability to improve upon conventional rotary kiln processing.”
The pilot scale testing will be conducted at Metso’s Pyro Technology laboratory located in
Danville, Pennsylvania, USA, where over 120 GK testing programs have previously been
changed much since the 1930s, when cement kiln technology was adapted for salt roasting
vanadium bearing ores. Since that time, the technology has gone largely unchanged.
“By partnering with Metso, a world leader in pyromet
that the roasting process can be greatly improved.”
Local miners chase surging nickel price amid jitters over Indonesian
Stuart McKinnon
SHARES in ASX-listed nickel miners have rallied strongly this morning after the price of the
steel-hardening commodity hit a five
Nickel prices have soared on reports Indonesia is exports to the end of December.
The reports prompted an 8.8 per cent rally for the metal on the London Metal Exchange on Friday, representing its biggest one
AVL’s pelletised roasting tests have shown vanadium extraction results averaging 95.4%, versus a rotary kiln extraction of 85-88%, which is typical of standard vanadium roasting technologies, according to the company.
The next phase calls for pilot scale testing to simulate and optimise the GK process.
“The GK system is a combination of a travelling grate furnace for pre-processing wkiln for final roasting,” AVL said. “The feed concentrate is formed into pellets of a particular
suited for the process. The pellets are then loaded onto the traveling grate and pass through multiple furnace heating zones where progressively hotter and hotter gases from the kiln are forced through the bed of pellets.”
This process accomplishes gradual and controlled drying and preheating of the pellets while
recouping much of the energy from the hot kiln exhaust gases, according to the company.
The rotary kiln is then dedicated to the final roasting of the pellets after they’ve been dried
and preheated and can be controlled independently to achieve thermal profiles which result
in higher levels of vanadium extraction.
: “Although the GK technology is more commonly used for indurating iron ore pellets,
it has also been successfully applied to similar roasting applications because of its unique
ability to improve upon conventional rotary kiln processing.”
testing will be conducted at Metso’s Pyro Technology laboratory located in
Danville, Pennsylvania, USA, where over 120 GK testing programs have previously been
performed, according to the company.
Todd Richardson, AVL’s Chief Operating Officer, said: “Vanadium roasting technology has not
changed much since the 1930s, when cement kiln technology was adapted for salt roasting
vanadium bearing ores. Since that time, the technology has gone largely unchanged.
“By partnering with Metso, a world leader in pyrometallurgical processing, AVL is confident
that the roasting process can be greatly improved.”♦
Local miners chase surging nickel price amid jitters over Indonesian export ban
Stuart McKinnon | The West Australian
listed nickel miners have rallied strongly this morning after the price of the
hardening commodity hit a five-year high above $US18,000 a tonne over the weekend.
Nickel prices have soared on reports Indonesia is set to bring forward a proposed ban on its exports to the end of December.
The reports prompted an 8.8 per cent rally for the metal on the London Metal Exchange on Friday, representing its biggest one-day gain since 2009.
Page 22
AVL’s pelletised roasting tests have shown vanadium extraction results averaging 95.4%, which is typical of standard vanadium roasting
The next phase calls for pilot scale testing to simulate and optimise the GK process.
processing with a rotary kiln for final roasting,” AVL said. “The feed concentrate is formed into pellets of a particular
suited for the process. The pellets are then loaded onto the traveling grate ere progressively hotter and hotter gases
This process accomplishes gradual and controlled drying and preheating of the pellets while
ing to the company.
The rotary kiln is then dedicated to the final roasting of the pellets after they’ve been dried
and preheated and can be controlled independently to achieve thermal profiles which result
: “Although the GK technology is more commonly used for indurating iron ore pellets,
it has also been successfully applied to similar roasting applications because of its unique
testing will be conducted at Metso’s Pyro Technology laboratory located in
Danville, Pennsylvania, USA, where over 120 GK testing programs have previously been
dium roasting technology has not
changed much since the 1930s, when cement kiln technology was adapted for salt roasting
vanadium bearing ores. Since that time, the technology has gone largely unchanged.
allurgical processing, AVL is confident
Local miners chase surging nickel price amid jitters over Indonesian
listed nickel miners have rallied strongly this morning after the price of the
year high above $US18,000 a tonne over the weekend.
set to bring forward a proposed ban on its
The reports prompted an 8.8 per cent rally for the metal on the London Metal Exchange on
IMA-Daily Update
Nickel prices have been moving stetrading for around $US11,000/t.
Prices have also been pushed higher by falling LME stockpiles.
Investors are also bullish on the metal’s importance in the emerging electric vehicle battery market, with nickel representing a significant component in the chemical makelithium-ion batteries.
Listed nickel plays were up sharply this morning with Western Areas up 22.5¢, or 9 per cent, to $2.705, Independence Group up 43.5¢, or 8 per cent, to 7.8 per cent, to 69.5¢ at 11.40am.
Shares in nickel explorer St George Mining rallied 2.5¢, or 18 per cent, to 16.5¢ after it reported a new, shallow nickel-
The John Prineas-led company reported a 7.5m thick mineralised interval from 44.2m downhole from the first drilling at the newly named Radar prospect.
St George reported nickel grades of up to 6 per cent and copper of up to 1.92 per cent using
portable, hand-held XRF analysis. Laboratory assays are pending.
CIL’s domestic dominance unlikely to changeBy: Ajoy K Das
STATE-run miner Coal India Limited’s (CIL’s) dominant
unlikely to change any time soon even though the Indian government has permitted 100% foreign direct investment (FDI) in coal mining, paving the way for the entry of global resource companies.
The 100% FDI will be permitmajors to invest in commercial coal mining in the country through wholly owned subsidiaries and permitting free pricing and free sale of production from their Indian mining projects.
Though this would theoretically enable global companies to participate at coal block auctions through their dedicated Indian subsidiaries, the possible entry of foreign investors into Indian coal mining is unlikely to make a difference to the dominant position of CIL, wh607-million tons of dry fuel, meeting over 80% of the country’s dry fuel requirement.
A CIL CEO noted that foreign-owned operations would take years to achieve the economies of scale needed to compete with CIL in terms of volumes offered to coterm contracts and to achieve any significant market share.
He also pointed out that the Statepreferential allotment, or for free, while foreign miners would need to bid at the auction aany successful bidder would need to amortise the large upfront payments at the auction with comparatively limited volume production.
Nickel prices have been moving steadily higher since the start of the year when the metal was trading for around $US11,000/t.
Prices have also been pushed higher by falling LME stockpiles.
Investors are also bullish on the metal’s importance in the emerging electric vehicle battery with nickel representing a significant component in the chemical make
Listed nickel plays were up sharply this morning with Western Areas up 22.5¢, or 9 per cent, to $2.705, Independence Group up 43.5¢, or 8 per cent, to $5.875 and Mincor rallying 5¢, or 7.8 per cent, to 69.5¢ at 11.40am.
Shares in nickel explorer St George Mining rallied 2.5¢, or 18 per cent, to 16.5¢ after it -copper sulphide discovery at its Mt Alexander project.
led company reported a 7.5m thick mineralised interval from 44.2m downhole from the first drilling at the newly named Radar prospect.
St George reported nickel grades of up to 6 per cent and copper of up to 1.92 per cent using
F analysis. Laboratory assays are pending.♦
CIL’s domestic dominance unlikely to changeAjoy K Das, Creamer Media Correspondent
run miner Coal India Limited’s (CIL’s) dominant position in the domestic market is
unlikely to change any time soon even though the Indian government has permitted 100% foreign direct investment (FDI) in coal mining, paving the way for the entry of global resource
The 100% FDI will be permitted through the automatic route, allowing global resource majors to invest in commercial coal mining in the country through wholly owned subsidiaries and permitting free pricing and free sale of production from their Indian mining projects.
ld theoretically enable global companies to participate at coal block auctions through their dedicated Indian subsidiaries, the possible entry of foreign investors into Indian coal mining is unlikely to make a difference to the dominant position of CIL, wh
million tons of dry fuel, meeting over 80% of the country’s dry fuel requirement.
owned operations would take years to achieve the economies of scale needed to compete with CIL in terms of volumes offered to consumers through longterm contracts and to achieve any significant market share.
He also pointed out that the State-run miner was allocated new coal blocks through preferential allotment, or for free, while foreign miners would need to bid at the auction aany successful bidder would need to amortise the large upfront payments at the auction with comparatively limited volume production.
Page 23
adily higher since the start of the year when the metal was
Investors are also bullish on the metal’s importance in the emerging electric vehicle battery with nickel representing a significant component in the chemical make-up of many
Listed nickel plays were up sharply this morning with Western Areas up 22.5¢, or 9 per cent, $5.875 and Mincor rallying 5¢, or
Shares in nickel explorer St George Mining rallied 2.5¢, or 18 per cent, to 16.5¢ after it copper sulphide discovery at its Mt Alexander project.
led company reported a 7.5m thick mineralised interval from 44.2m
St George reported nickel grades of up to 6 per cent and copper of up to 1.92 per cent using
CIL’s domestic dominance unlikely to change
position in the domestic market is
unlikely to change any time soon even though the Indian government has permitted 100% foreign direct investment (FDI) in coal mining, paving the way for the entry of global resource
ted through the automatic route, allowing global resource majors to invest in commercial coal mining in the country through wholly owned subsidiaries and permitting free pricing and free sale of production from their Indian mining projects.
ld theoretically enable global companies to participate at coal block auctions through their dedicated Indian subsidiaries, the possible entry of foreign investors into Indian coal mining is unlikely to make a difference to the dominant position of CIL, which produces
million tons of dry fuel, meeting over 80% of the country’s dry fuel requirement.
owned operations would take years to achieve the economies of nsumers through long-
run miner was allocated new coal blocks through preferential allotment, or for free, while foreign miners would need to bid at the auction and any successful bidder would need to amortise the large upfront payments at the auction with
IMA-Daily Update
According to another CIL official, while it was true that several global resource majors were reducing their coal mining operations as the world moved away from the fossil fuel, investments in India would need to hedge against peculiarities of the country.
He said it would be interesting to note whether foreign investors could finalize project reports in India where the timaverage of six years, and generally foreign miners are "not too comfortable with such timelines".
Furthermore, the fact that around 30% to 45% of global coal production was accounted for from underground mines, posed the question of whether international miners would invest in India, where 94% of production was sourced from opencast mines.
It was pointed out by the official that CIL’s competitive strength was its ability to enter into
long-term supply agreements with thermal power companies, leveraging its large production
volumes.
Another crucial potential hurdle for FDI in Indian coal mining would be the funding of
projects conceived by global miners. As per published reports, over 100 major in
lending institutions had divested of thermal coal project investments as of February 2019.
Under the circumstances, foreign miners would be largely dependent on funding for their
projects from Indian financial institutions which, at present, we
from existing non-performing assets with State
recapitalization to make provisions on their books.
Rather than foreign miners, CIL’s most notable competition would be NTPC, the country’s
largest thermal power producer and CIL's largest customer, drawing up plans to become the
second largest coal producer in the country.
NTPC, which currently sourced an estimated 170
had targeted production of 100
Increased availability of coal from its own mines and a commensurate reduction in offtake
from CIL were more of an immediate challenge than foreign coal miners’ entry into the
country, officials added.♦
Freeport’s Cerro Verde expansion not touching farmland
AFTER some villagers expressed concern before local authorities, the management team of
Freeport-McMoRan’s (NYSE:FCX)
planning to acquire farmland and other terrains that are in use to expand its operations.
According to another CIL official, while it was true that several global resource majors were operations as the world moved away from the fossil fuel,
investments in India would need to hedge against peculiarities of the country.
He said it would be interesting to note whether foreign investors could finalize project reports in India where the time taken from allocation of a block to production takes an average of six years, and generally foreign miners are "not too comfortable with such
Furthermore, the fact that around 30% to 45% of global coal production was accounted for round mines, posed the question of whether international miners would invest in
India, where 94% of production was sourced from opencast mines.
It was pointed out by the official that CIL’s competitive strength was its ability to enter into
supply agreements with thermal power companies, leveraging its large production
Another crucial potential hurdle for FDI in Indian coal mining would be the funding of
projects conceived by global miners. As per published reports, over 100 major in
lending institutions had divested of thermal coal project investments as of February 2019.
Under the circumstances, foreign miners would be largely dependent on funding for their
projects from Indian financial institutions which, at present, were all facing severe stress
performing assets with State-run banks dependent on government
recapitalization to make provisions on their books.
Rather than foreign miners, CIL’s most notable competition would be NTPC, the country’s
thermal power producer and CIL's largest customer, drawing up plans to become the
second largest coal producer in the country.
NTPC, which currently sourced an estimated 170-million to 200-million tonnes a year of coal
had targeted production of 100-million tonnes a year from 11 coal blocks allotted to it.
Increased availability of coal from its own mines and a commensurate reduction in offtake
from CIL were more of an immediate challenge than foreign coal miners’ entry into the
Freeport’s Cerro Verde expansion not touching farmland report
Valentina Ruiz Leotaud
some villagers expressed concern before local authorities, the management team of
oRan’s (NYSE:FCX) Cerro Verde copper mine in Peru said the company is not
planning to acquire farmland and other terrains that are in use to expand its operations.
Page 24
According to another CIL official, while it was true that several global resource majors were operations as the world moved away from the fossil fuel,
investments in India would need to hedge against peculiarities of the country.
He said it would be interesting to note whether foreign investors could finalize project e taken from allocation of a block to production takes an
average of six years, and generally foreign miners are "not too comfortable with such
Furthermore, the fact that around 30% to 45% of global coal production was accounted for round mines, posed the question of whether international miners would invest in
It was pointed out by the official that CIL’s competitive strength was its ability to enter into
supply agreements with thermal power companies, leveraging its large production
Another crucial potential hurdle for FDI in Indian coal mining would be the funding of
projects conceived by global miners. As per published reports, over 100 major international
lending institutions had divested of thermal coal project investments as of February 2019.
Under the circumstances, foreign miners would be largely dependent on funding for their
re all facing severe stress
run banks dependent on government
Rather than foreign miners, CIL’s most notable competition would be NTPC, the country’s
thermal power producer and CIL's largest customer, drawing up plans to become the
million tonnes a year of coal
on tonnes a year from 11 coal blocks allotted to it.
Increased availability of coal from its own mines and a commensurate reduction in offtake
from CIL were more of an immediate challenge than foreign coal miners’ entry into the
Freeport’s Cerro Verde expansion not touching farmland – media
some villagers expressed concern before local authorities, the management team of
in Peru said the company is not
planning to acquire farmland and other terrains that are in use to expand its operations.
IMA-Daily Update
Neighbours’ associations from the towns of
and Yarabamba raised the alarm following th
issued by the Ministry of Energy and Mines. In the document, Cerro Verde’s expansion
project, which aims at tripling the concentrator’s capacity from its current output of 409,500
tonnes per day, was deemed of
to purchase the terrains that would allow it to complete the job. However, such pieces of land
must be considered wasteland and third parties’ rights must be respected.
Yet, La República newspaper
Government Planning Office, the claims that Cerro
the oversight of some neighbours’ associations.
According to the news outlet, the mayor of Tiabaya, Miguel Cuadros Paredes, forwarded the resolution to his legal team and sent a notification to the miner promptingdetails on its plans. Similarly, the mayor of Mollebaya, Jaime Tueros, will ask Cerro Verde to join a meeting with seven other local authorities to discuss the issue.
Cerro Verde is an open-pit operation that produces one billion pounds of located approximately 30 kilometres southwest of the city of Arequipa and it is controlled by
Freeport-McMoRan with a 53.6% stake, Sumitomo Metal (21%) and Buenaventura (19.6%).
Macmahon confident of resolving Telfer dispute w
MACMAHON Holdings expects an “acceptable agreement” will be made with Newcrest
Mining in the near future regarding an increase in revenue from contracts at the Telfer gold mine in Western Australia.
The Perth-based contractor had been seeking Newcrest’s agreement over work rates at Telfer, as it entered and extended trading halts on the Australian Securities Exchange (ASX) earlier this week.
Macmahon reported that while facilitated negotiations with Newcrest did not initially reach a resolution, progress in recent discussions had provided renewed optimism of pay increases.
Given this progress, Mcmahon revealed that its assessment was the present value of incremental cash flows from the Telfer contract was likely to be positive over the remaiterm of the project.
Despite this positive step, the company pointed out that its assessment could change in the future.
Macmahon is pursuing increased contract rates to recover the additional cost of operating under changed conditions, including volurequired.
Neighbours’ associations from the towns of La Joya, Hunter, Tiabaya, Uchumayo, Mollebaya
and Yarabamba raised the alarm following the publication of ordinance 541
issued by the Ministry of Energy and Mines. In the document, Cerro Verde’s expansion
project, which aims at tripling the concentrator’s capacity from its current output of 409,500
tonnes per day, was deemed of national interest, which means that the miner has permission
to purchase the terrains that would allow it to complete the job. However, such pieces of land
must be considered wasteland and third parties’ rights must be respected.
er reports that, based on documentation from the Regional
Government Planning Office, the claims that Cerro Verde is eyeing overlap with those under
the oversight of some neighbours’ associations.
According to the news outlet, the mayor of Tiabaya, Miguel Cuadros Paredes, forwarded the resolution to his legal team and sent a notification to the miner promptingdetails on its plans. Similarly, the mayor of Mollebaya, Jaime Tueros, will ask Cerro Verde to join a meeting with seven other local authorities to discuss the issue.
pit operation that produces one billion pounds of located approximately 30 kilometres southwest of the city of Arequipa and it is controlled by
McMoRan with a 53.6% stake, Sumitomo Metal (21%) and Buenaventura (19.6%).
Macmahon confident of resolving Telfer dispute with NewcrestAlex Gluyas
Holdings expects an “acceptable agreement” will be made with Newcrest
Mining in the near future regarding an increase in revenue from contracts at the Telfer gold
based contractor had been seeking Newcrest’s agreement to proceed to litigation over work rates at Telfer, as it entered and extended trading halts on the Australian Securities Exchange (ASX) earlier this week.
Macmahon reported that while facilitated negotiations with Newcrest did not initially reach a tion, progress in recent discussions had provided renewed optimism of pay increases.
Given this progress, Mcmahon revealed that its assessment was the present value of incremental cash flows from the Telfer contract was likely to be positive over the remai
Despite this positive step, the company pointed out that its assessment could change in the
Macmahon is pursuing increased contract rates to recover the additional cost of operating under changed conditions, including volume changes and manner and sequence of mining
Page 25
La Joya, Hunter, Tiabaya, Uchumayo, Mollebaya
e publication of ordinance 541-2014, which was
issued by the Ministry of Energy and Mines. In the document, Cerro Verde’s expansion
project, which aims at tripling the concentrator’s capacity from its current output of 409,500
national interest, which means that the miner has permission
to purchase the terrains that would allow it to complete the job. However, such pieces of land
must be considered wasteland and third parties’ rights must be respected.
that, based on documentation from the Regional
Verde is eyeing overlap with those under
According to the news outlet, the mayor of Tiabaya, Miguel Cuadros Paredes, forwarded the resolution to his legal team and sent a notification to the miner prompting it to provide details on its plans. Similarly, the mayor of Mollebaya, Jaime Tueros, will ask Cerro Verde to
pit operation that produces one billion pounds of copper per year. It is located approximately 30 kilometres southwest of the city of Arequipa and it is controlled by
McMoRan with a 53.6% stake, Sumitomo Metal (21%) and Buenaventura (19.6%).♦
ith Newcrest
Holdings expects an “acceptable agreement” will be made with Newcrest
Mining in the near future regarding an increase in revenue from contracts at the Telfer gold
to proceed to litigation over work rates at Telfer, as it entered and extended trading halts on the Australian Securities
Macmahon reported that while facilitated negotiations with Newcrest did not initially reach a tion, progress in recent discussions had provided renewed optimism of pay increases.
Given this progress, Mcmahon revealed that its assessment was the present value of incremental cash flows from the Telfer contract was likely to be positive over the remaining
Despite this positive step, the company pointed out that its assessment could change in the
Macmahon is pursuing increased contract rates to recover the additional cost of operating me changes and manner and sequence of mining
IMA-Daily Update
The contractor flagged a provision in the order of $25continuing the contract.
Macmahon had previously planned to bypass the mediation process that usually precedes litigation in place of past negotiations with Newcrest.
As previously announced, Macmahon plans to continue to perform its Telfer contract responsibilities. The contract is set to run until January 2023.
The announcement comes as Macmahon reported on its 201strong earnings uplift.
This includes a 55 per cent increase in revenue to $1.103 billion as the company increased activities across its contract mining projects in Australia and Indonesia.
The results coincide with a surg2018 financial year to $46.1 million in the 2019 period.
Macmahon chief executive officer Michael Finnegan said the strong results reflect the company’s ability to execute on its large order b
“I am pleased we have delivered significant revenue and earnings growth in financial year 2019, with our performance demonstrating Macmahon’s ability to deliver value for both our clients and shareholders,” he said.
“This reliable performance and the good revenue visibility provided by our $4.7 billion orderbook has underpinned the Board’s decision to reinstate dividends to Macmahon shareholders.’
The 2019 financial year final dividend of 0.5 cents per share is the company’s firsseven years with the board aiming to pay dividends on a “sustainable basis going forward.”
Going forward, Macmahon said it is well positioned for growth in the 2020 financial year with secured work in hand of $1.2 billion.
“The acquisition of GBF, our $4.7 billion order book, and significant tender pipeline means the Company is well positioned to deliver further earnings and cash flow growth in financial year
2020,” Finnegan said.♦
The contractor flagged a provision in the order of $25–35 million to cover the costs of
Macmahon had previously planned to bypass the mediation process that usually precedes tigation in place of past negotiations with Newcrest.
As previously announced, Macmahon plans to continue to perform its Telfer contract responsibilities. The contract is set to run until January 2023.
The announcement comes as Macmahon reported on its 2019 financial year which featured a
This includes a 55 per cent increase in revenue to $1.103 billion as the company increased activities across its contract mining projects in Australia and Indonesia.
The results coincide with a surge in net profit after tax, increasing from $33.2 million in the 2018 financial year to $46.1 million in the 2019 period.
Macmahon chief executive officer Michael Finnegan said the strong results reflect the company’s ability to execute on its large order book for its mining clients.
“I am pleased we have delivered significant revenue and earnings growth in financial year 2019, with our performance demonstrating Macmahon’s ability to deliver value for both our clients and shareholders,” he said.
le performance and the good revenue visibility provided by our $4.7 billion orderbook has underpinned the Board’s decision to reinstate dividends to Macmahon
The 2019 financial year final dividend of 0.5 cents per share is the company’s firsseven years with the board aiming to pay dividends on a “sustainable basis going forward.”
Going forward, Macmahon said it is well positioned for growth in the 2020 financial year with secured work in hand of $1.2 billion.
GBF, our $4.7 billion order book, and significant tender pipeline means the Company is well positioned to deliver further earnings and cash flow growth in financial year
Page 26
35 million to cover the costs of
Macmahon had previously planned to bypass the mediation process that usually precedes
As previously announced, Macmahon plans to continue to perform its Telfer contract
9 financial year which featured a
This includes a 55 per cent increase in revenue to $1.103 billion as the company increased
e in net profit after tax, increasing from $33.2 million in the
Macmahon chief executive officer Michael Finnegan said the strong results reflect the ook for its mining clients.
“I am pleased we have delivered significant revenue and earnings growth in financial year 2019, with our performance demonstrating Macmahon’s ability to deliver value for both our
le performance and the good revenue visibility provided by our $4.7 billion orderbook has underpinned the Board’s decision to reinstate dividends to Macmahon
The 2019 financial year final dividend of 0.5 cents per share is the company’s first dividend in seven years with the board aiming to pay dividends on a “sustainable basis going forward.”
Going forward, Macmahon said it is well positioned for growth in the 2020 financial year with
GBF, our $4.7 billion order book, and significant tender pipeline means the Company is well positioned to deliver further earnings and cash flow growth in financial year
