TABLE OF CONTENTS · 2020. 12. 16. · Target Serapan Batu Bara untuk Penghiliran 13 Juta Ton pada...

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Take note! The government will provide nine incentives for coal downstreaming Catat! Pemerintah akan beri sembilan insentif untuk hilirisasi batubara Coal absorption target for downstreaming is 13 million tons by 2024 Target Serapan Batu Bara untuk Penghiliran 13 Juta Ton pada 2024 Coal Gasification Is Running, The Government Will Give Subsidies! Gasifikasi Batu Bara Jalan, Pemerintah Bakal Kasih Subsidi! Two Years in a row PT Timah Wins 2020 Green PROPER Dua Tahun Berturut-turut PT Timah Raih PROPER Hijau 2020 Petrosea (PTRO) is optimistic that next year's performance will improve Petrosea (PTRO) optimistis kinerja di tahun depan membaik These are the Terms of Use for the Consortium of Nickel Partners for Electric Vehicle Battery Manufacturers Ini Syarat Penggunaan Nikel Mitra Konsorsium Pabrik Baterai Kendaraan Listrik PT Bukit Asam's Tarahan Port Wins the KLHK Gold Proper Award Pelabuhan Tarahan PT Bukit Asam Raih Penghargaan Proper Emas KLHK 2021 Ready for Expansion, Petrosea (PTRO) Puts Higher Capex 2021 Siap Ekspansi, Petrosea (PTRO) Pasang Capex Lebih Tinggi Mass Burns Konawe Nickel Factory, Minister of Industry Speak Up Pabrik Nikel Konawe Dibakar Massa, Menperin Angkat Bicara Nickel reserves, Job Creation Law may help Indonesia attract Tesla: Expert

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Coal Exports Ban Polemic, Australia Seeks Explanation from China Polemik Larangan Ekspor Batu Bara, Australia Minta Penjelasan China Pandemic, Adaro Pushes for Sustainable Green Village Development Pandemi, Adaro Dorong Pengembangan Kampung Hijau Lestari China-Australia Tension Heats Up, Coal Prices Are Increasingly Smoldering Tensi China-Australia Memanas, Harga Batu Bara Kian Membara Freeport lower 2021 copper charges signal sixth drop for benchmark Metso Outotec supports GTK Mintec’s pilot plant plans with new flotation cells Newcrest blows Cadia into a renewable future End-of-year thermal coal price rally to run out of steam in early 2021 Australia-China trade tension escalates over coal ban China may ease entry of imported coal to bring down higher domestic prices

Okezone Republika Bisnis Mining.com Int'l Mining Australian Mining Mining Weekly Australian Mining S&P Global Platts

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Take note! The government will provide nine incentives for coal

downstreaming Reporter: Ridwan Nanda Mulyana | Editor:

Herlina Kartika Dewi

THE GOVERNMENT looks serious about

increasing the added value of coal, especially downstream through the gasification scheme. There are nine incentives that the government will provide to encourage this project.

The Special Staff of the Minister of ESDM for the Acceleration of Mineral and Coal Governance, Irwandy Arief, explained that the first incentive is the provision of royalties of up to 0% for coal processed in the gasification scheme.

Second, a special coal price formula for gasification. Third, the validity period of the Mining Business License (IUP) is in accordance with the economic age of the gasification project.

"For example, an extension of 10 years to the economy from the life of the project," said Irwandy in the Indonesia Mining Outlook which was held online, Tuesday (15/12).

The three incentives are currently being discussed by the Directorate General of Mineral and Coal, Ministry of ESDM and the Ministry of Finance.

Furthermore, the fourth incentive is in the form of a tax holiday (corporate income tax specifically according to the economic age of coal gasification).

Fifth, exemption from VAT on coal processing services to syngas by 0%. Sixth, exemption from local content EPC VAT. The fourth and fifth point incentive proposals are...

Catat! Pemerintah akan beri sembilan insentif untuk

hilirisasi batubara Reporter: Ridwan Nanda Mulyana | Editor:

Herlina Kartika Dewi

PEMERINTAH tampak serius untuk meng-

genjot peningkatan nilai tambah batubara, khususnya hilirisasi melalui skema gasifikasi. Ada sembilan insentif yang akan diberikan pemerintah untuk mendorong proyek ini.

Staf Khusus Menteri ESDM Bidang Percepatan Tata Kelola Minerba Irwandy Arief menjabarkan, insentif pertama adalah pemberian royalti hingga 0% untuk batubara yang diolah dalam skema gasifikasi.

Kedua, formula harga khusus batubara untuk gasifikasi. Ketiga, masa berlaku Izin

Usaha Pertambangan (IUP) sesuai umur ekonomis proyek gasifikasi.

"Misalnya perpanjangan 10 tahun sampai

dengan keekonomian dari umur proyek itu," sebut Irwandy dalam Indonesia

Mining Outlook yang digelar secara daring, Selasa (15/12).

Ketiga insentif tersebut sedang dibahas oleh Ditjen Minerba Kementerian ESDM

dan Kementerian Keuangan.

Selanjutnya, insentif keempat berupa tax

holiday (PPh badan secara khusus sesuai umur ekonomis gasifikasi batubara).

Kelima, pembebasan PPN jasa pengolahan

batubara menjadi syngas sebesar 0%. Keenam, pembebasan PPN EPC kandungan

lokal. Usulan insentif poin keempat dan kelima ini...


The fourth and fi fth point incentive proposals are being discussed by the Ministry of Finance and the Coordinating Ministry for Economic Affairs.

Then, the seventh incentive is the bench-mark price for gasification products such as the DME benchmark price. Eighth, the transfer of part of the LPG subsidy to DME in accordance with the substituted LPG portion. This incentive is currently being discussed by the Ministry of Energy and Mineral Resources and the Ministry of Finance.

Ninth, "There is certainty of the down-stream product offtaker," said Irwandy.

The government has formed a working group (pokja) to prepare a roadmap for the development and util ization of coal . According to Irwandy, five Pokja were formed.

First, the coal resource working group. Second, the coal infrastructure working group and downstream product infra-structure.

Third, the working group for the readiness of technology for economic and environ-mental feasibility of the downstream process. Fourth, working groups support policies and cooperation schemes. Fifth, working groups are prepared for the downstream product marketing strategy.

ESDM Minister Arifin Tasri f also emphasized that coal business actors can transform, not only selling raw coal to PLTU, but also selling downstream products with added value for the industry.

Arifin targets, by 2024 there will be around 13 million tons of coal input capacity. The selling value of DME and coal downstream products is estimated at around US$ 600 million per year, which also includes gasification products, coke making, coal upgrading and coal briquettes.

Usulan insentif poin keempat dan kelima

ini sedang dibahas oleh Kemenkeu dan

Kementerian Koordinator Bidang Pereko-

nomian.

Lalu, insentif ketujuh adalah harga patokan

produk gasifikasi seperti harga patokan

DME. Kedelapan, pengalihan sebagian

subsidi LPG ke DME sesuai porsi LPG yang

disubstitusi. Insentif ini sedang dibahas

oleh Kementerian ESDM dan Kemenkeu.

Kesembilan, "Adanya kepastian offtaker

produk hilirisasi," ungkap Irwandy.

Pemerintah sudah membentuk kelompok

kerja (pokja) untuk menyusun roadmap

pengembangan dan pemanfaatan batubara.

Menurut Irwandy, ada lima Pokja yang

dibentuk.

Pertama, pokja sumber daya batubara.

Kedua, pokja infrastruktur batubara dan

infrastruktur produk hilir.

Ketiga, pokja kesiapan teknologi kelayakan

ekonomi dan lingkungan proses hilirisasi.

Keempat, pokja dukungan kebijakan dan

skema kerjasama. Kelima, pokja kesiapan

strategi pemasaran produk hilirisasi.

Menteri ESDM Arifin Tasrif juga menegas-

kan agar para pelaku usaha batubara bisa

bertransformasi, tak lagi hanya mencual

batubara mentah ke PLTU, namun juga

bisa menjual produk hilirisasi dengan nilai

tambah bagi industri.

Arifin menargetkan, pada tahun 2024 ada

sekitar 13 juta ton kapasitas input batu-

bara. Nilai jual DME dan produk hilirisasi

batubara ditaksir mencapai sekitar US$

600 juta per tahun, yang juga meliputi

produk gasifikasi, coke making , coal

upgrading dan briket batubara.


"In Indonesia, the dominant potential for coal is low calorie, this type of coal will be of economic value if added value is increased," said Arifin.

Previously, Kontan.co.id wrote that the coal project to become DME was targeted to have started operating and could be realized between 2024 or 2025, with a production of around 2.8 million - 3 million tons.

The DME production comes from a down-stream project undertaken by PTBA as well as from the Bakrie Group through PT Kaltim Prima Coal (KPC).

"Then will be followed by the next generation, namely Arutmin, then other PKP2B which will carry out an industrial downstream program for the conversion of coal to synthetic gas, then into the final product. How and when there is already a picture," said Arifin.

Based on the data presented by the Ministry of ESDM, four companies have explored four downstream projects in the form of coal gasification.

The four projects are:

1. Coal to DME PTBA in collaboration with Pertamina and Air Products. Estimated commercial operation (COD) in 2025 with a coal supply of 6.5 million tonnes per year. The project, which is located in Tanjung Enim, South Sumatra, will produce 1.4 million tons of DME per year, and the current status is still in the finalization of the study and the DME subsidy scheme for LPG substitution and project business scheme negotiations.

2. Coal to methanol PT KPC or cooperation between PT Bumi Resources Tbk (BUMI) with Ithaca Group and Air Products. Estimated COD in 2024 with coal feed-stocks of 5-6.5 million tonnes per year. The project, which is located in Bengalon...

"Di Indonesia potensi batubara yang dominan adalah yang kalori rendah, jenis batubara ini akan bernilai ekonomis apabila dilakukan peningkatan nilai tambah," sebut Arifin.

Sebelumnya Kontan.co.id menulis, proyek batubara menjadi DME ditargetkan sudah mulai beroperasi dan dapat direalisasikan antara tahun 2024 atau 2025, dengan produksi sekitar 2,8 juta - 3 juta ton.

Produksi DME tersebut berasal dari proyek hilirisasi yang digarap oleh PTBA juga dari Bakrie Group melalui PT Kaltim Prima Coal (KPC).

"Kemudian akan diikuti generasi selanjut-nya, yaitu Arutmin, kemudian PKP2B lainnya yang akan melakukan program hilirisasi industri untuk konversi coal ke syntetic gas, kemudian menjadi final product. How dan when-nya sudah ada gambarannya," jelas Arifin.

Berdasarkan data yang dipaparkan Kemen-terian ESDM, sudah ada empat proyek hilirisasi dalam bentuk gasifikasi batubara yang dijajaki oleh empat perusahaan.

Keempat proyek tersebut adalah:

1. Coal to DME PTBA yang bekerjasama dengan Pertamina dan Air Product. Estimasi operasi komersial (COD) pada tahun 2025 dengan feedstcok batubara sebanyak 6,5 juta ton per tahun. Proyek yang berlokasi di Tanjung Enim Sumatera Selatan ini akan menghasilkan 1,4 juta ton DME per tahun, dan status saat ini masih dalam finalisasi kajian dan skema subsidi DME untuk substitusi LPG serta negosiasi skema bisnis proyek.

2. Coal to methanol PT KPC atau kerjamasa antara PT Bumi Resources Tbk (BUMI) dengan Ithaca Group dan Air Product. Estimasi COD pada tahun 2024 dengan feed-stcok batubara sebanyak 5-6,5 juta ton per tahun. Proyek yang berlokasi di Bengalon...


The project, which is located in Bengalon, East Kalimantan, will produce 1.8 million tons of methanol per year, and the current status is still in the finalization of a feasibility study (FS) and a business scheme.

3. Coal to methanol PT Arutmin Indonesia. Estimated COD in 2025 with coal feedstock of 6 million tonnes per year. The project, which is located at IBT Terminal-Pulau Laut South Kalimantan, will produce 2.8 million tons of methanol per year, and the current status is still being finalized (para-FS).

4. Coal to methanol PT Adaro Indonesia. Estimated COD in 2025 with coal feedstock of 1.3 million tonnes per year. The project, which is located in Kota Baru, South Kalimantan, will produce 660,000 tonnes of methanol per year, and the current status is still being finalized (pre-FS).

Then, there are also three undergorund coal gasification (UCG) projects, which are still at the pilot project scale stage, namely:

1. PT Kideco Jaya Agung UCG project in East Kalimantan

2. PT Indominco UCG project in East Kalimantan

3. PT Medco Energi Mining International (MEMI) and Phoenix Energy Ltd., in North Kalimantan.

Proyek yang berlokasi di Bengalon Kalimantan Timur ini akan menghasilkan 1,8 juta ton methanol per tahun, dan status saat ini masih dalam finalisasi feasibility study (FS) dan skema bisnis.

3. Coal to methanol PT Arutmin Indonesia. Estimasi COD pada tahun 2025 dengan feedstock batubara sebanyak 6 juta ton per tahun. Proyek yang berlokasi di IBT Terminal-Pulau laut Kalimantan Selatan ini akan menghasilkan 2,8 juta ton methanol per tahun, dan status saat ini masih dalam finalisasi kajian (para-FS).

4. Coal to methanol PT Adaro Indonesia. Estimasi COD pada tahun 2025 dengan feedstock batubara sebanyak 1,3 juta ton per tahun. Proyek yang berlokasi di Kota Baru Kalimantan Selatan ini akan menghasilkan 660.000 ton methanol per tahun, dan status saat ini masih dalam finalisasi kajian (pra-FS).

Kemudian, ada juga tiga proyek undergorund coal gasification (UCG), yang masih dalam tahap skala pilot project, yaitu:

1. Proyek UCG PT Kideco Jaya Agung di Kalimantan Timur

2. Proyek UCG PT Indominco di Kalimantan Timur

3. PT Medco Energi Mining International (MEMI) dan Phoenix Energy Ltd., di Kalimantan Utara.

Coal absorption target for downstreaming is 13 million

tons by 2024 Denis Riantiza Meilanova

ENERGY and Mineral Resources Minister

Arifin Tasrif targets the absorption of coal for the downstream program to reach 13 million tonnes by 2024.

Target Serapan Batu Bara untuk Penghiliran 13 Juta Ton pada

2024 Denis Riantiza Meilanova

MENTERI Energi dan Sumber Daya Mineral

Arifin Tasrif menargetkan penyerapan batu bara untuk program penghiliran mencapai 13 juta ton pada 2024.

https://www.bisnis.com/user/460/denis.riantiza.meilanova


The projected total coal output is intended for the development of coal gasification,

chocolate making, coal upgrading and coal briquettes.

"The coal downstream target in 2024 is approximately 13 million tons of input

capacity with a dimethyl ether export value of US$ 600 million per year, which includes

coal gasification, chocolate making, coal upgrading, and coal briquettes," Arifin said

in the Indonesia Mining webinar. Outlook 2021, Tuesday (15/12/2020).

He said that the government continues to encourage the acceleration of the coal

extraction program to optimize the use of low calorie coal.

Coal reserves in Indonesia are dominated by low calorie coal. Therefore, a value-

added increase program is needed to make low calorie coal more economically

valuable.

"We encourage coal companies to carry out

business transformation from selling raw coal for PLTUs to selling products that

have added value to the industry," said Arifin.

The Ministry of ESDM noted that currently there are two companies that have submitted plans for developing coal gasification, namely PT Bukit Asam Tbk. (PTBA) which will develop coal gasification into dimethyl ether and PT Kaltim Prima Coal which will develop coal gasification to methanol.

PT Megah Energi Khatulistiwa is also exploring the development of coke making with semi-chocolate and coal tar products.

Of the seven types of coal extraction developments, only two have reached a commercial scale, namely coal upgrading and coal briquette manufacturing.

Total proyeksi keluaran batu bara tersebut dimaksudkan untuk pengembangan gasifi-kasi batu bara, cokes making, coal upgrading, dan briket batu bara.

"Target hilirisasi batu bara pada 2024 adalah kurang lebih 13 juta ton kapasitas input dengan nilai ekspor dimetil eter sebesar US$600 juta per tahun yang meliputi gasifikasi batu bara, cokes making, coal upgrading, dan briket batu bara," ujar Arifin dalam webinar Indonesia Mining Outlook 2021, Selasa (15/12/2020).

Dia menuturkan bahwa pemerintah terus mendorong akselerasi program penghiliran batu bara untuk mengoptimalkan peman-faatan batu bara kalori rendah.

Cadangan batu bara di Indonesia didominasi oleh batu bara kalori rendah. Oleh karena itu, program peningkatan nilai tambah di-perlukan untuk membuat batu bara jenis kalori rendah lebih bernilai ekonomis.

"Kami mendorong perusahaan batu bara untuk melakukan transformasi pengusahaan dari menjual raw coal untuk PLTU menjadi penjual produk yang memiliki nilai tambah bagi industri," kata Arifin.

Kementerian ESDM mencatat saat ini sudah ada dua perusahaan yang mengajukan rencana pengembangan gasifikasi batu bara, yakni PT Bukit Asam Tbk. (PTBA) yang akan mengembangkan gasifikasi batu bara men-jadi dimetil eter dan PT Kaltim Prima Coal yang akan mengembangkan gasifikasi batu bara menjadi metanol.

Pengembangan pembuatan kokas (cokes making) juga tengah dijajaki oleh PT Megah Energi Khatulistiwa dengan produk semi-cokes dan coal tar.

Dari tujuh jenis pengembangan penghiliran batu bara, baru dua jenis yang telah men-capai skala komersial, yakni coal upgrading dan pembuatan briket batu bara.


Meanwhile, others such as coal gasification, underground coal gasification and coke production are still in the development stage. Editor: Zufrizal

Adapun, lainnya seperti gasifikasi batu bara, underground coal gasification, dan pembuatan kokas masih dalam tahap pengembangan. Editor : Zufrizal

Coal Gasification Is Running, The Government Will Give

Subsidies! Anisatul Umah, CNBC Indonesia

THE GOVERNMENT revealed that it is

possible to provide subsidies for Dimethyl Ether (DME) products from coal gasification, in addition to the existing subsidies for Liquefied Petroleum Gas (LPG) i f the coal gasification project operates later.

This was expressed by Dep uty for Investment and Mining Coordination of the Coordinating Ministry for Maritime Affairs and Investment (Kemenko Marves) Septian Hario Seto in the webinar ' Indonesia Mining Outlook 2021' via YouTube Tambang TV, Tuesday (15/12/2020).

He said, it is possible that this subsidy will be provided at the start of the gasification plant operation, especially if the world price of LPG is still low below US$ 500 per ton.

"So, maybe in the early days when this factory can operate, maybe there will be additional subsidies that must be given, on top of the value of the subsidies given to LPG. The subsidies will be bigger, but we see this is dynamic , it could change significantly. if then the oil price will increase significantly," he explained at the event.

Gasifikasi Batu Bara Jalan, Pemerintah Bakal Kasih

Subsidi! Anisatul Umah, CNBC Indonesia

PEMERINTAH mengungkapkan kemung-

kinan bakal memberikan subsidi untuk produk Dimethyl Ether (DME) hasil gasif ikasi batu bara, di luar subsidi Liquefied Petroleum Gas (LPG) yang telah ada saat ini bila proyek gasifikasi batu bara ini beroperasi nantinya.

Hal tersebut diungkapkan Deputi Bidang Koordinasi Investasi dan Pertambangan Kementerian Koordinator Bidang Kemaritiman dan Investasi (Kemenko Marves) Septian Hario Seto dalam webinar 'Indonesia Mining Outlook 2021' melalui YouTube Tambang TV, Selasa, (15/12/ 2020).

Dia mengatakan, kemungkinan pemberian subsidi ini dilakukan pada saat awal pabrik gasifikasi beroperasi, terutama bila harga LPG dunia masih rendah di bawah US$ 500 per ton.

"Jadi, mungkin di awal-awal ketika pabrik ini bisa beroperasi, mungkin akan ada tambahan subsidi yang harus diberikan, on top of value subsidi yang diberikan kepada LPG. Subsidi jadi lebih besar, tapi kita lihat ini dinamika, bisa berubah signifikan. Bisa saja kalau kemudian harga minyak meningkat secara signifikan," paparnya dalam acara tersebut.


In terms of world LPG prices, according to him, it is currently at the lowest level of all time, which is around US$ 350 per ton, lower than the average price for the last 10 years in the range of US$ 550-600 per ton. so that additional subsidies are needed for this DME product.

"What is of note is that from the simulation results, in terms of price, for the current LPG price, indeed we have to provide additional subsidies for this DME product because the current LPG price is probably one of the lowest price levels of all time. The question, of course, is this. it will not be sustainable forever," he said.

For that, according to him, the government is currently reviewing several schemes that can be used to overcome this. The goal, he added, was so that state finances would not be burdened by this conversion.

"There are already several simulations that my team is working on, maybe later we will deliver them in the next months," he said.

As is known, one of the coal gasification projects, namely the project undertaken by the consortium of PT Bukit Asam Tbk (PTBA), PT Pertamina (Persero), and Air Products, has just entered a new phase with the official agreement and commitment confirmed on Thursday (10/12/2020 ).

PTBA Corporate Secretary Apollonius Andwie said that his party was ready to immediately carry out this project, especially after the coal gasification project to become a DME in Tanjung Enim, South Sumatra was included in Presidential Regulation No.109 of 2020 concerning National Strategic Projects.

"PTBA as a pioneer of coal gasification is ready to carry out the mandate of Presidential Decree No. 109/2020 for the development of downstream coal into DME to reduce LPG imports," he told CNBC Indonesia, Friday (11/12/2020).

Dari sisi harga LPG dunia, menurutnya memang

saat ini tengah berada di level terendah sepanjang masa, yakni menjadi sekitar US$ 350-an per ton, lebih rendah dibandingkan rata-rata harga selama 10 tahun terakhir di kisaran US$ 550-600 per ton, sehingga perlu tambahan subsidi untuk produk DME ini.

"Yang menjadi catatan, dari hasil simulasi, dari sisi harga, untuk di harga LPG saat ini, memang kita harus memberikan tambahan subsidi untuk produk DME ini karena kan harga LPG sekarang mungkin salah satu level harga terendah sepanjang masa. Yang jadi pertanyaan, tentu ini tidak selamanya akan sustainable," tuturnya.

Untuk itu, menurutnya kini pemerintah tengah mengkaji beberapa skema yang bisa digunakan untuk mengatasi hal tersebut. Tujuannya, imbuhnya, agar keuangan negara tidak terbebani dengan adanya konversi ini.

"Ini sudah ada beberapa simulasi yang sedang dikerjakan tim saya, mungkin nanti kami akan sampaikan di bulan-bulan depan," ungkapnya.

Seperti diketahui, salah satu proyek gasifikasi batu bara yakni proyek yang dikerjakan konsorsium PT Bukit Asam Tbk (PTBA), PT Pertamina (Persero), dan Air Products baru saja memasuki babak baru dengan resmi disepakatinya dan diteguhkan komitmennya pada Kamis (10/12/2020).

Sekretaris Perusahaan PTBA Apollonius Andwie mengatakan pihaknya siap segera men-jalankan proyek ini, terutama setelah proyek gasifikasi batu bara menjadi DME di Tanjung Enim, Sumatera Selatan ini dimasukkan ke dalam Peraturan Presiden No.109 tahun 2020 tentang Proyek Strategis Nasional.

"PTBA sebagai pioneer gasifikasi batu bara siap menjalankan amanat Perpres Nomor 109 Tahun 2020 untuk pengembangan hilirisasi batu bara menjadi DME untuk menekan impor LPG," ungkapnya kepada CNBC Indonesia, Jumat (11/12/2020).


The US$ 2.1 billion or around Rp 30 trillion project is targeted to carry out engineering, procurement and construc-tion (engineering, procurement and construction/EPC) process works in the first or second quarter of 2021. Then, it is expected to be operational in the second quarter of 2024.

The coal downstream plant will process as much as 6 million tons of coal per year and process it into 1.4 million tons of DME per year and replace around 1 million tons of LPG per year. (wia)

Proyek senilai US$ 2,1 miliar atau sekitar Rp 30 tril iun tersebut ditargetkan dilakukan pekerjaan proses rekayasa, pengadaan dan konstruksi (engineering, procurement and construction/ EPC) pada kuartal pertama atau kedua 2021. Lalu, diharapkan bisa beroperasi pada kuartal kedua 2024.

Pabrik hilirisasi batu bara tersebut akan mengolah sebanyak 6 juta ton batu bara per tahun dan diproses menjadi 1,4 juta ton DME per tahun dan menggantikan LPG sekitar 1 juta ton per tahun. (wia)

Two Years in a row PT Timah Wins 2020 Green PROPER

Rangga Prakoso

PT TIMAH Tbk has again demonstrated its

successful environmental management achievements by winning the 2020 Green PROPER award. This shows PT Timah's commitment to continue to make improve-ments in environmental aspects.

This is the second year PT Timah has won the Green PROPER after last year also winning the same title. This virtual award was also witnessed by Vice President KH Ma'ruf Amin and Minister of Environment and Forestry, Siti Nurbaya, Monday (14/12).

Green PROPER presents businesses or activities that have involved more environ-mental management than is required in regulations (beyond compliance) through the implementation of an environmental management system, efficient use of resources through 4Rs (Reduce, Reuse, Recycle, and recovery) and carry out social responsibility with good.

Dua Tahun Berturut-turut PT Timah Raih PROPER Hijau 2020

Rangga Prakoso

PT TIMAH Tbk kembali menunjukkan prestasi keberhasilan pengelolaan lingkung-annya dengan meraih penghargaan PROPER Hijau Tahun 2020. Hal ini menunjukkan komitmen PT Timah terus melakukan perbaikan dalam aspek lingkungan.

Ini merupakan tahun ke dua PT Timah meraih PROPER Hijau setelah tahun lalu juga meraih predikat yang sama. Penganu-gerahan yang dilaksanakan secara virtual ini turut disaksikan Wakil Presiden KH Ma’ruf Amin dan Menteri Lingkungan Hidup dan Kehutanan, Siti Nurbaya, Senin (14/12).

PROPER Hijau mempresentasikan usaha atau kegiatan yang telah melibatkan pengelolaan lingkungan lebih dari yang dipersyaratkan dalam peraturan (beyond compliance) melalui pelaksanaan sistem pengelolaan lingkungan, pemanfaatan sumberdaya secara efisien melalui upaya 4R (Reduce, Reuse, Recycle, dan recovery) dan melakukan tanggung jawab sosial dengan baik.


The PROPER assessment involves many aspects, including compliance with environmental management regulations, application of environmental management systems, energy efficiency, water conservation, emission and GHG reduction, protection of biodiversity, 3 R of B3 and non B3 waste, and community empower-ment.

To achieve Green PROPER, many innovations have been made by one of the world's tin producers. Efforts made include equipping employees in each production unit and PT Timah's partners with adequate knowledge of the requirements and regulations regarding environmental responsibility.

The Corporate Secretary of PT Timah M. Zulkarnaen is grateful for this Green Proper achievement. Where this year only 125 companies won Green PROPER. The award is a concrete step for PT Timah as a mining company in environmental management.

"The company will continue to maintain its commitment and maximize its ability to innovate environmental management based on community empowerment from the mining to post-mining processes," said Zulkarnaen in his statement in Jakarta, Tuesday (15/12).

With this achievement, Green Proper is expected to continue to spur the spirit of innovation and the company will continually strive to improve standards for environ-mental management and preservation in line with the company's mission and increase contribution to society.

"The company will gradually improve environmental management, the goal is to expand the scope of environmental management that is integrated with the company's business processes. In addition, we will try to make improvements so that PT Timah can achieve PROPER Gold," said Zulkarnaen. Editor: Gora Kunjana

Peniliaan PROPER melibatkan banyak aspek, diantaranya ketaataan peraturan penge-lolaan lingkungan hidup, penerapan sistem management lingkungan, efisiensi energi, konservasi air, pengurangan emisi dan GRK, perlindungan keanekaragaman hayati, 3 R l imbah B3 dan limbah non B3, serta pemberdayaan masyarakat.

Untuk meraih PROPER Hjau banyak inovasi yang telah dilakukan oleh salah satu produsen timah dunia ini. Upaya yang dilakukan diantaranya membekali karyawan di setiap unit produksi dan mitra PT Timah dengan pengetahuan yang memadai mengenai persyaratan dan peraturan tentang tanggungjawab terhadap lingkungan.

Sekretaris Perusahaan PT Timah M. Zulkarnaen bersyukur atas diraihnya Proper Hijau ini. Dimana tahun ini hanya 125 per-usahaan yang berhasil meraih PROPER Hijau. Dengan diraihnya penghargaan merupakan langkah konkrit PT Timah sebagai perusahaan pertambangan dalam pengelolaan lingkungan.

“Perusahaan akan terus menjaga komitmen dan memaksimalkan kemampuan untuk melakukan inovasi pengelolaan lingkungan yang berbasis pemberdayaan masyarakat dari proses penambangan hingga pasca tambang,” kata Zulkarnaen dalam kete-rangannya di Jakarta, Selasa (15/12).

Dengan diraihnya, Proper Hijau ini diharapkan dapat terus memacu semangat inovasi dan perusahaan secara bertahan terus berupaya untuk meningkatkan standar pengelolaan dan pelestarian lingkungan yang sejalan dengan misi perusahaan serta meningkatkan kontri-busi kepada masyarakat.

“Perusahaan secara bertahap akan mening-katkan pengelolaan lingkungan, tujuannya untuk memperluas cakupan pengelolaan lingkungan yang diintegrasikan dengan proses bisnis perusahaan. Selain itu akan berupaya melakukan pembenahan agar PT Timah bisa meraih PROPER Emas,” kata Zulkarnaen. Editor : Gora Kunjana


Petrosea (PTRO) is optimistic that next year's performance

will improve Reporter: Dimas Andi | Editor: Anna Suci

Perwitasari

PT PETROSEA Tbk (PTRO) appears to

have experienced a decline in financial performance until the third quarter of

2020. Even so, this mining service issuer still has the opportunity to improve its

performance in the remainder of this year and in the next year.

For information, PTRO's revenue was

corrected by 34.01% (yoy) to US$ 249.93 million in the third quarter of 2020. The

majority of PTRO's revenue at that time came from the mining business valued at

US$ 151.73 million.

Then followed by revenue from services of

US$ 47.30 million, engineering and construction revenue of US$ 46.53 million,

and other income of US$ 4.37 million. In addition, PTRO's net profit also fell 36.1%

(yoy) to US$ 13.16 million at the end of the third quarter of 2020.

Petrosea Director Romi Novan Indrawan

said PTRO's decline in revenue was due to

requests from a number of clients, such as

Kideco Jaya Agung, Indonesia Pratama, or

Binuang Mitra Bersama, to reduce coal

production volume.

He also said, until the third quarter of

2020, PTRO had realized an overburden

removal (OB) volume of 68.8 million bank

cubic meters (bcm) and a coal production

volume of 19.1 million tons.

Petrosea (PTRO) optimistis kinerja di tahun depan

membaik Reporter: Dimas Andi | Editor: Anna Suci

Perwitasari

PT PETROSEA Tbk (PTRO) tampak meng-

alami penurunan kinerja keuangan hingga kuartal III-2020. Kendati begitu, emiten

jasa pertambangan ini masih memiliki peluang untuk memperbaiki kinerjanya di

sisa tahun ini maupun di tahun depan.

Sebagai informasi, pendapatan PTRO

terkoreksi 34,01% (yoy) menjadi US$ 249,93 juta hingga kuartal III-2020.

Mayoritas pendapatan PTRO pada saat itu berasal dari bisnis pertambangan senilai

US$ 151,73 juta.

Kemudian disusul oleh pendapatan dari

jasa sebesar US$ 47,30 juta, pendapatan rekayasa dan konstruksi sebesar US$ 46,53

juta, dan pendapatan lain-lain sebesar US$ 4,37 juta. Selain itu, laba bersih PTRO juga

ikut turun 36,1% (yoy) menjadi US$ 13,16 juta per akhir kuartal III-2020.

Direktur Petrosea Romi Novan Indrawan mengatakan, penurunan pendapatan PTRO

lebih disebabkan adanya permintaan dari sejumlah klien, seperti Kideco Jaya Agung,

Indonesia Pratama, ataupun Binuang Mitra Bersama, untuk mengurangi volume

produksi batubara.

Dia juga menyebut, hingga kuartal III-

2020, PTRO telah merealisasikan volume pengupasan lapisan tanah penutup atau

overburden removal (OB) sebesar 68,8 juta bank cubic meter (bcm) serta volume

produksi batubara sebesar 19,1 juta ton.

https://pusatdata.kontan.co.id/quote/PTRO




This amount is considered to be still on the right track to achieve PTRO's target at the end of this year, namely 118 million bcm for OB volume and 31 million tonnes for coal volume.

Novan believes that his party can better mitigate the challenges of the Covid-19 pandemic so that the volume of OB and coal production of PTRO is believed to increase in the following periods.

In addition, global coal prices have started to slowly recover as the economy improves during the Covid-19 pandemic. This combination is considered to be able to boost PTRO's financial performance, especially in the next year.

"We indicate that the company's OB volume will grow 20% in 2021," he said in a virtual public expose, Tuesday (15/12).

On the same occasion, President Director of Petrosea Hanifa Indradjaya added, PTRO's financial performance is depressed if it only looks at absolute terms of revenue and profit. This condition is very difficult to avoid for every company that has a large business reach, such as PTRO, especially during the Covid-19 pandemic.

Besides, PTRO was still able to maintain good profit margins. Hanifa said that PTRO's gross profit margin was able to increase from 15% per quarter III-2019 to 19% per quarter III-2020. "With these conditions we can still increase margins," he said.

Although he has not explained detailed revenue and net profit projections, Hanifa said that PTRO's business is always guided by a 3D strategy, namely diversification, digitization and decarbonization. The points in the strategy are interrelated and inseparable. The implementation of this strategy will also have an impact on PTRO's performance in the future.

Jumlah tersebut dinilai masih dalam jalur yang tepat untuk mencapai target PTRO di akhir tahun ini, yakni 118 juta bcm untuk volume OB dan 31 juta ton untuk volume batubara.

Novan meyakini, pihaknya sudah bisa memitigasi tantangan pandemi Covid-19 dengan lebih baik sehingga volume OB dan produksi batu bara PTRO dipercaya akan meningkat di periode-periode berikutnya.

Ditambah lagi, harga batubara global sudah mulai pulih secara perlahan seiring per-baikan ekonomi di masa pandemi Covid-19. Kombinasi demikian dinilai dapat men-dongkrak kinerja keuangan PTRO terutama pada tahun depan.

“Kami indikasikan volume OB perusahaan tumbuh 20% di tahun 2021 nanti,” ujar dia

dalam paparan publik virtual, Selasa (15/12).

Di kesempatan yang sama, Presiden Direktur Petrosea Hanifa Indradjaya menambahkan, kinerja keuangan PTRO memang tertekan bila hanya melihat secara absolut berupa pendapatan dan laba. Kondisi tersebut sangat sulit dihindari oleh setiap perusahaan yang memiliki jangkauan bisnis yang besar, seperti PTRO, terutama di masa pandemi Covid-19.

Lagi pula, PTRO masih sanggup menjaga marjin keuntungan dengan baik. Hanifa menyebut, marjin laba kotor PTRO mampu meningkat dari 15% per kuartal III-2019 menjadi 19% per kuartal III-2020. “Dengan kondisi seperti ini kami tetap dapat me-ningkatkan marjin,” ucapnya.

Walau belum menjelaskan proyeksi pen-dapatan dan laba bersih secara rinci, Hanifa menyebut bahwa bisnis PTRO selalu dipandu oleh strategi 3D yakni diversi fikasi , digitalisasi, dan dekarbonisasi. Poin-poin dalam strategi tersebut saling berkaitan dan tidak dapat dipisahkan. Implementasi strategi ini pun akan berdampak pada kinerja PTRO di masa depan.


“Our future expansion will also focus on

implementing the 3D strategy. This means

that it is not just for increasing capacity or

adding new contracts," he concluded.

“Ekspansi kami ke depan juga lebih ke arah implementasi strategi 3D tadi. Artinya bukan sekadar untuk meningkatkan kapa-sitas atau menambah kontrak baru semata,” pungkas dia.

These are the Terms of Use for the Consortium of Nickel

Partners for Electric Vehicle Battery Manufacturers

Rio Indrawan

INDONESIA has started a prestigious

project for the construction of an electric vehicle factory which will be undertaken by a consortium of State-Owned Enterprises (BUMN) that will cooperate with inter-national partners. An initial agreement was signed between PT Aneka Tambang Tbk (ANTM) and the consortium CATL, a Chinese battery company. Later, CATL will process the nickel supplied by Antam into a component product for making batteries.

The government reminded the SOEs involved to keep high use and processing of nickel in the country in cooperation to develop electric batteries with foreign partners.

Septian Hario Seto, Deputy for Investment and Mining Coordination at the Coordinating Ministry for Maritime Affairs and Investment, said that at least 60% of the nickel supplied by Antam must be processed domestically.

"60% of the nickel they obtain must be processed into batteries in Indonesia. This is our request. So we don't want them to get our nickel, but process the battery abroad,” said Septian during a discussion on the Indonesia Mining Outlook 2021, Tuesday (15/12).

Ini Syarat Penggunaan Nikel Mitra Konsorsium Pabrik Baterai Kendaraan Listrik

Rio Indrawan

INDONESIA sudah memulai proyek

prestisius pembangunan pabrik kendaraan listrik yang akan digarap oleh konsorsium Badan Usaha Milik Negara (BUMN) yang akan bekerja sama dengan para mitra internasional. Kesepakatan awal sudah diteken antara PT Aneka Tambang Tbk (ANTM) dengan konsorsium CATL, perusahaan baterai asal China. Nantinya CATL yang akan mengolah nikel yang dipasok oleh Antam untuk menjadi produk komponen pembuatan baterai.

Pemerintah mengingatkan para BUMN yang terlibat agar penggunaan dan pengolahan nikel di dalam negeri tetap tinggi dalam kerja sama pengembangan baterai listrik dengan mitra luar negeri.

Septian Hario Seto, Deputi Bidang Koordinasi Investasi dan Pertambangan Kemenko Maritim dan Investasi, meng-ungkapkan sebanyak 60% nikel yang dipasok Antam nanti minimal harus diolah di dalam negeri.

“60% dari nikel yang mereka peroleh harus diproses menjadi baterai di Indonesia. Ini adalah permintaan kita. Jadi kita nggak mau mereka dapat nikel kita, tapi proses baterainya di luar negeri,” kata Septian disela diskusi Indonesia Mining Outlook 2021, Selasa (15/12).


The nickel downstream project to produce the final battery product being carried out by a consortium of BUMN consists of mining holding MIND ID through Antam, PT Pertamina (Persero) and PT PLN (Persero). The plan is for this electric vehicle battery to be produced starting in 2024.

Antam will handle the upstream sector or the supplier of battery raw materials while the intermediate to downstream products will be managed by Pertamina and PLN. Later, the three BUMNs will form a new company, Indonesia Battery Holding (IBH).

Apart from CATL, there is actually LG Chem Ltd from South Korea which is also exploring cooperation with the consortium.

Orias Petrus Moedak, CEO of MIND ID, said that members of the battery holding company are open to forming a joint venture (JV) or cooperating with domestic and foreign partners in each of the battery industry value chains.

"So CATL will continue negotiations with Antam, for LG Chem the negotiations will be led by Pertamina. This is the division of tasks, in accordance with the direction of the Minister of BUMN so that the plan for holding this battery and cooperation with foreign partners can be carried out quickly," said Orias.

He hopes that the cooperation agreement with potential partners, namely the consortium CATL and LG Chem, can be completed by early next year. MIND hopes that early next year there will be an agreement with potential partners and in this battery value chain, from mining to battery packs and even recycling, can agree.

"So this is what has been prepared, and negotiations are ongoing with each party," said Orias. (RI)

Proyek hilirisai nikel untuk menghasilkan produk akhir baterai yang tengah diusung dikerjakan oleh konsorsium BUMN terdiri atas holding pertambangan MIND ID melalui Antam, PT Pertamina (Persero) dan PT PLN (Persero). Rencananya, baterai kendaraan listrik ini pun bisa diproduksi mulai tahun 2024.

Antam akan menangani sektor hulu atau penyedia bahan baku baterai sementara produk tengah (intermediate) hingga ke hilir akan dikelola oleh Pertamina dan PLN. Nantinya Ketiga BUMN akan membentuk perusahan baru Indonesia Battery Holding (IBH).

Selain CATL sebenarnya adaLG Chem Ltd dari Korea Selatan yang juga sudah menjajaki kerja sama dengan konsorsium.

Orias Petrus Moedak, CEO MIND ID, mengungkapkan anggota holding baterai pun terbuka untuk membentuk joint venture (JV) atau menggandeng mitra dari dalam negeri maupun asing, pada setiap rantai bisnis (value chain) industri baterai.

“Jadi CATL akan lanjut negosiasi dengan Antam, untuk LG Chem negosiasinya dipimpin oleh Pertamina. Ini pembagian tugas, sesuai arahan Menteri BUMN supaya bisa berjalan dengan cepat rencana untuk holding baterai ini dan kerjasama dengan mitra-mitra asing,” kata Orias.

Dia berharap kesepakatan kerja sama dengan calon mitra yakni konsorsium CATL dan LG Chem bisa rampung di awal tahun depan. MIND mengharapkan awal tahun depan bisa ada kesepakatan dengan calon mitra dan di dalam value chain baterai ini, baik tambang sampai dengan battery pack dan masuk sampai ke pada daur ulangnya, bisa sepakati.

”Jadi ini yang disiapkan, dan negosiasi berjalan terus dengan masing-masing pihak,” kata Orias. (RI)


PT Bukit Asam's Tarahan Port Wins the KLHK Gold Proper

Award Jayanty Nada Shofa

TARAHAN Port of PT Bukit Asam Tbk

(PTBA) won the Gold Proper in the 2020 Corporate Performance Rating Program

(Proper) from the Ministry of Environment and Forestry (KLHK).

The award was presented by Vice President Ma'ruf Amin through the

Minister of Environment and Forestry Siti Nurbaya at the Manggala Wanabakti

Auditorium, Monday (14/12/2020).

According to the President Director of

PTBA Arviyan Arifin, this award is proof of the company's performance to contribute

and work optimally, including in the environmental aspect, even in the midst of

the Covid-19 pandemic.

"Proper is not only an obligation to meet regulations, but also a motivation to

improve the quality of performance and realize a commitment to become an energy

company with superior performance," said Arviyan in his press statement in Jakarta,

Tuesday (15/12/2020).

Arviyan added, Proper was also a form of

sustainable cooperation between PTBA and stakeholders in a sustainable manner

and had a positive impact on both parties.

"Starting from the relationship with local

governments, communities around the operational area, and other parties with a

corporate social responsibility (CSR) program that emphasizes community

development," he explained.

Pelabuhan Tarahan PT Bukit Asam Raih Penghargaan Proper

Emas KLHK Jayanty Nada Shofa

PELABUHAN Tarahan PT Bukit Asam Tbk

(PTBA) berhasil meraih Proper Emas dalam ajang Program Penilaian Peringkat Kinerja Perusahaan (Proper) tahun 2020 dari Kementerian Lingkungan Hidup dan Kehutanan (KLHK).

Penghargaan tersebut diserahkan oleh Wakil Presiden Ma’ruf Amin melalui

Menteri LHK Siti Nurbaya di Auditorium Manggala Wanabakti, Senin (14/12/2020).

Menurut Direktur Utama PTBA Arviyan Arifin, penghargaan ini adalah bukti

kinerja perusahaan untuk berkontribusi dan bekerja secara optimal termasuk

dalam aspek lingkungan meski di tengah pandemi Covid-19.

"Proper tak sekedar kewajiban memenuhi regulasi, tapi juga motivasi untuk mening-

katkan kualitas kinerja dan mewujudkan komitmen menjadi perusahaan energi

berkinerja unggul," kata Arviyan dalam keterangan persnya di Jakarta, Selasa

(15/12/2020).

Arviyan menambahkan, Proper juga men-

jadi wujud ketersinambungan kerja sama PTBA dengan para pemangku kepentingan

secara berkelanjutan dan berdampak positif bagi kedua belah pihak.

"Mulai dari hubungan dengan pemerintah daerah, masyarakat sekitar wilayah

operasional, dan pihak lainnya dengan program corporate social responsibility

(CSR) yang menekankan community development," jelasnya.


In the achievement of gold Proper, PTBA launched several innovations, including innovation in energy use. Tarahan Port has modified the existing equipment by means of electrifying a vibrating screen which has an impact on increasing the loading rate from the previous 2,270 tons per hour to 2,592 tons per hour.

"With this, the operating time will be smaller and will have an impact on the consumption of electrical energy by a 17% decrease or 3,070.26 GJoules, equivalent to Rp 1.3 billion," said Arviyan.

Another innovation is the use of water by making a dust fogging system for dust control sprayer systems based on sensors for the presence of train cars for efficient water use.

In the field of biodiversity, continued Arviyan, Tarahan Port participated in the preservation of fauna in the form of protection of rare animals in the form of bird breeding with the species of Bali Starling and Yellow-crested Old Cock.

Arviyan added, for innovation in the CSR sector, the company carried out a bamboo downstream program in which as many as 10,000 bamboo seedlings were planted and scattered in various locations.

"Downstreaming is also carried out by making bamboo vinegar which can be used for the agricultural sector as well as a disinfectant product to fight the Covid-19 pandemic," said Arviyan.

Meanwhile, Minister of Environment and Forestry Siti Nurbaya explained, Proper is an award for the business world that has shown outstanding performance in environmental management and brings benefits to the surrounding community.

This year, the Proper assessment added the criteria for sensitivity and company responsiveness to disasters in the aspect of community empowerment.

Dalam peraihan Proper emas, PTBA meluncurkan beberapa inovasi yang di antaranya adalah inovasi pemakaian energi. Pelabuhan Tarahan telah memodifikasi peralatan existing dengan cara elektrifikasi vibrating screen yang berdampak pada kenaikan loading rate dari sebelumnya 2.270 ton per jam menjadi 2.592 ton per jam.

"Dengan ini, waktu operasi menjadi lebih kecil dan berdampak pada konsumsi energi listrik dengan penurunan sebesar 17% atau senilai 3.070,26 GJoule setara Rp 1,3 miliar," kata Arviyan.

Inovasi lainnya adalah pada pemakaian air dengan membuat dust fogging system untuk system sprayer pengendali debu berdasarkan sensor keberadaan gerbong kereta api untuk efisiensi penggunaan air.

Di bidang keanekaragaman hayati, lanjut Arviyan, Pelabuhan Tarahan berpartisipasi dalam pelestarian fauna berupa perlin-dungan hewan langka berupa penangkaran burung dengan species burung Jalak Bali dan burung Kakak Tua Jambul Kuning.

Arviyan menambahkan, untuk inovasi dalam bidang CSR, perseroan melakukan program hilirisasi bambu di mana sebanyak 10.000 bibit bambu ditanam dan tersebar di berbagai lokasi.

"Hilirasi juga dilakukan dengan pembuatan cuka bambu yang bisa dimanfaatkan untuk sektor pertanian sekaligus menjadi produk disinfektan untuk memerangi pandemi Covid-19," pugkas Arviyan.

Sedangkan Menteri LHK Siti Nurbaya menjelaskan, Proper merupakan peng-hargaan bagi dunia usaha yang menunjuk-kan kinerja luar biasa dalam pengelolaan lingkungan hidup serta menghadirkan manfaat bagi masyarakat sekitar.

Tahun ini, penilaian Proper ditambahkan kriteria sensitivitas dan daya tanggap perusahaan terhadap kebencanaan dalam aspek pemberdayaan masyarakat.


"Gold Proper is the highest award for a company that can prove its sustainable

efforts in the environmental sector, innovate in the aspects of resource

empowerment as well as community development and empowerment," said Siti

Nurbaya. Editor: Jayanty Nada Shofa

"Proper Emas merupakan penghargaan tertinggi kepada perusahaan yang bisa membuktikan upaya berkelanjutan dalam bidang lingkungan hidup, melakukan inovasi dalam aspek pemberdayaan sumber daya serta pengembangan dan pember-dayaan masyarakat," kata Siti Nurbaya. Editor : Jayanty Nada Shofa

2021 Ready for Expansion, Petrosea (PTRO) Puts Higher

Capex Finna U. Ulfah

INDIKA Group mining contractor issuer, PT

Petrosea Tbk. (PTRO) is allocating a capital expenditure (capex) of US$ 100 million in 2021.

The capital expenditure value is higher than the 2020 capex guidance which is cut in line with the company's defensive strategy in the midst of the Covid-10 pandemic, which is around US$ 34 million.

Petrosea Finance Director Romi Novan Indrawan explained that most of the capex allocation was for mining services at PT Kideco Jaya Agung, which is also a business entity of Indika Energy.

"Our Capex is also used to support additional targets from new clients," said Novan, Tuesday (15/12/2020).

PTRO will use access to various bank loan facilities as a source of capex funding next year. Meanwhile, until the third quarter of 2020 PTRO has absorbed a capex of US$ 23.6 million.

On the other hand, Novan Indrawan said that he saw improvements in operational performance since the beginning of the fourth quarter of 2020, which was reflected...

2021 Siap Ekspansi, Petrosea (PTRO) Pasang Capex Lebih

Tinggi Finna U. Ulfah

EMITEN kontraktor pertambangan Grup

Indika, PT Petrosea Tbk. (PTRO) meng-alokasi belanja modal atau capital expenditure (capex) sebesar US$100 juta pada 2021.

Nilai belanja modal itu lebih tinggi daripada panduan capex 2020 yang dipangkas seiring dengan strategi defensif perseroan di tengah pandemi Covid-10, yaitu sekitar US$34 juta.

Direktur Keuangan Petrosea Romi Novan Indrawan menjelaskan bahwa sebagian besar alokasi capex tersebut untuk jasa pertambangan di PT Kideco Jaya Agung, yang juga entitas usaha Indika Energy.

“Capex kami juga dipakai untuk men-dukung target tambahan dari klien yang baru,” ujar Novan, Selasa (15/12/2020).

PTRO akan menggunakan akses terhadap berbagai fasilitas pinjaman perbankan sebagai sumber pendanaan capex di tahun depan. Adapun, hingga kuartal III/2020 PTRO telah menyerap capex sebesar US$23,6 juta.

Di sisi lain, Novan Indrawan mengatakan bahwa melihat adanya perbaikan kinerja operasional sejak awal kuartal IV/2020 yang tercermin dari...

https://www.bisnis.com/user/487/finna.u..ulfah

https://search.bisnis.com/?q=petrosea




which was reflected in several partner mining operations that began to return to

normal after being overshadowed by the challenges of the Covid-19 pandemic.

The improvement in operational

performance is believed to continue until 2021 in line with the rising trend in coal

prices.

For information, on Monday (12/14/2020) the price of Newcastle coal for the January

2021 contract on the ICE was parked at US$ 83.85 per ton, up 1.64 percent.

Meanwhile, in the last three months of trading, the price rose to 44.94 percent and

throughout the year 2020 the price strengthened by 14.31 percent.

"Our target in 2021 is that there may be an

increase in [OB volume] of 20 percent from this year," he said.

This year, the issuer coded as PTRO shares

targets OB volume of 118 million bcm and production volume of 31 million tons.

Until the third quarter of 2020, the business entity of PT Indika Energy Tbk.

(INDY) recorded an OB volume of 68.8 million bcm and a production volume of

19.1 million tons of coal.

Novan explained that the performance tends to decline compared to last year due

to lower coal price pressures. This affects the client's production volume and the

company's mining contracts.

Most of Petrosea's shares are owned by PT Indika Energy Tbk. by 69.80 percent.

Longtime investor Lo Kheng Hong also has a significant share, amounting to 15.01

percent. The other 13.5 percent are owned by the public. Editor: Hafiyyan

yang tercermin dari beberapa operasi tambang mitra kerja yang mulai kembali normal setelah dibayangi tantangan pandemi Covid-19.

Perbaikan kinerja operasional itu pun diyakini berlanjut hingga 2021 seiring dengan tren kenaikan harga batu bara.

Untuk diketahui, pada perdagangan Senin (14/12/2020) harga batu bara Newcastle untuk kontrak Januari 2021 di bursa ICE parkir di level US$83,85 per ton, naik 1,64 persen.

Adapun, dalam perdagangan tiga bulan terakhir harga naik hingga 44,94 persen dan sepanjang tahun berjalan 2020 harga menguat 14,31 persen.

"Target kami 2021 kurang lebih mungkin ada kenaikan [volume OB] sebesar 20 persen dari tahun ini," ujarnya.

Pada tahun ini, emiten berkode saham PTRO itu menargetkan volume OB sebesar 118 juta bcm dan volume produksi sebesar 31 juta ton.

Hingga kuartal III/2020, entitas usaha PT Indika Energy Tbk. (INDY) itu mencatatkan volume OB sebesar 68,8 juta bcm dan volume produksi sebesar 19,1 juta ton batu bara.

Novan menjelaskan bahwa kinerja itu cenderung menurun dibandingkan dengan tahun lalu disebabkan tekanan harga batu bara yang melemah. Hal itu mempengaruhi volume produksi klien dan kontrak pertambangan perseroan.

Petrosea sebagian besar sahamnya dimiliki oleh PT Indika Energy Tbk. sebesar 69,80 persen. Investor kawakan Lo Kheng Hong juga memiliki porsi saham cukup signifikan, yaitu sebesar 15,01 persen. Adapun 13,5 persen lainnya dimiliki oleh publik. Editor : Hafiyyan

https://search.bisnis.com/?q=lo+kheng+hong


Mass Burns Konawe Nickel

Factory, Minister of Industry Speak Up

Ferry Sandi, CNBC Indonesia

MINISTER of Industry Agus Gumiwang spoke about the burning of a number of facilities at the nickel smelter owned by PT Virtue Dragon Nickel Industry (VDNI) in Morosi District, Konawe Regency, Southeast Sulawesi, yesterday, Monday (14/12/2020).

He regretted the incident. This is because the nickel industry is very important for the downstream industry and strengthening the industrial structure.

"I deeply regret the burning of the Virtue Dragon Nickel Industry factory. Currently the government is working hard to bring investment to Indonesia which is able to provide jobs and business fields for the community," Agus said in an official statement quoted on Wednesday (16/12/2020).

Burning industrial facilities is unnecessary because companies and employees can carry out a dialogue to reach a solution to the problem at hand. Agus appealed to workers to exercise restraint and open space for dialogue with management to resolve all issues transparently so that this incident does not happen again.

"On the other hand, I also ask companies to comply with all applicable laws and regulations in Indonesia, including ensuring the fulfillment of workers' rights," he said.

Agus also asked the Konawe Regency government to immediately mediate between all related parties, and to the security forces to take firm action against those who commit anarchist acts.

Pabrik Nikel Konawe Dibakar

Massa, Menperin Angkat Bicara Ferry Sandi, CNBC Indonesia

MENTERI Perindustrian Agus Gumiwang angkat bicara terkait kasus pembakaran sejum-lah fasilitas di smelter nikel milik PT Virtue Dragon Nickel Industry (VDNI) di Kecamatan Morosi, Kabupaten Konawe, Sulawesi Tenggara, kemarin, Senin (14/12/2020).

Ia menyayangkan kejadian tersebut. Pasal-nya, industri nikel sangat penting bagi hiliri-sasi industri dan penguatan struktur industri.

"Saya sangat menyesalkan terjadinya pem-bakaran pabrik Virtue Dragon Nickel Industry. Saat ini pemerintah sedang bekerja keras membawa investasi ke Indonesia yang mampu menyediakan lapangan pekerjaan dan lapangan usaha bagi masyarakat," ujar Agus dalam keterangan resmi dikutip Rabu (16/12/2020) malam.

Pembakaran fasilitas industri menjadi hal yang tidak perlu karena perusahaan dan karyawan bisa melakukan dialog untuk mencapai jalan keluar dari masalah yang dihadapi. Agus mengimbau pekerja untuk menahan diri, dan membuka ruang dialog dengan pihak manajemen untuk menye-lesaikan segala isu secara transparan agar kejadian ini tidak terulang kembali.

"Sebaliknya, saya juga meminta perusahaan untuk mematuhi seluruh peraturan perundangan yang berlaku di Indonesia, termasuk memastikan pemenuhan hak para pekerja," katanya.

Agus juga meminta pemerintah Kabupaten Konawe untuk segera melakukan mediasi antara semua pihak terkait, dan kepada aparat keamanan untuk menindak tegas pihak-pihak yang melakukan tindakan anarkis.


"Once again, the government asks all parties to jointly maintain a conducive situation and not make things worse, in order to maintain a cool investment climate in Konawe Regency," he said.

The heat in the factory conditions was allegedly caused by the failure to reach an agreement between workers and the company because the company rejected two points of demands from the union.

Chief of the Resort Police (Kapolres) Konawe Adjunct Senior Commissioner of Police (AKBP) Yudi Kristanto explained the chronology of the chaotic demonstrations that ended the burning of the nickel refining plant facility in Morosi District, Konawe Regency.

He said that this incident started with a demonstration by a number of masses from outside the factory, Monday (14/12) morning. They urged the company to appoint workers who have worked for more than three years as permanent employees.

"At first the demonstrators and workers were provoked and joined in too," he told CNNIndonesia.com, Tuesday (15/12/ 2020).

Other information obtained by CNNIndonesia.com, the protesters who held the demonstration were the Konawe Regency Labor Union and Protection (SPTK) joining the Regional Executive Board of the Southeast Sulawesi National Trade Union Federation.

They asked the company for clarity regarding the specific time work agreement (PKWT) of VDNI employees with a work period of more than 36 months, to be appointed as permanent employees at PT VDNI. (sef/sef)

"Sekali lagi, pemerintah meminta kepada semua pihak agar bersama-sama menjaga situasi yang kondusif dan tidak mem-perburuk keadaan, guna menjaga iklim investasi yang sejuk di Kabupaten Konawe," tegasnya.

Panasnya kondisi pabrik disinyalir terjadi akibat tidak tercapainya kesepakatan antara pekerja dan perusahaan karena pihak perusahaan menolak dua poin tuntutan serikat pekerja.

Kepala Kepolisian Resor (Kapolres) Konawe Ajun Komisaris Besar Polisi (AKBP) Yudi Kristanto menjelaskan kronologi demo ricuh hingga berakhir pembakaran fasilitas pabrik pemurnian nikel di Kecamatan Morosi, Kabupaten Konawe tersebut.

Ia menyebut peristiwa ini berawal dari demonstrasi sejumlah massa dari luar pabrik, Senin (14/12) pagi. Mereka mendesak perusahaan agar buruh yang sudah bekerja di atas tiga tahun diangkat sebagai pegawai tetap.

"Awalnya pendemo saja dan buruh akhirnya terprovokasi dan ikut-ikutan juga," ujarnya kepada CNNIndonesia.com, Selasa (15/12/2020).

Informasi lain yang diperoleh CNN-Indonesia.com, massa aksi yang meng-gelar demonstrasi adalah Serikat dan Perlindungan Tenaga Kerja (SPTK) Kabupaten Konawe bergabung Dewan Pengurus Wilayah Federasi Kesatuan Serikat Pekerja Nasional Sulawesi Tenggara.

Mereka meminta kejelasan perusahaan terkait perjanjian kerja waktu tertentu (PKWT) karyawan VDNI yang jangka waktu pekerjaannya lebih dari 36 bulan, agar diangkat menjadi karyawan tetap di PT VDNI. (sef/sef)

https://www.cnnindonesia.com/nasional/20201215101741-20-582229/demo-buruh-ricuh-berujung-pembakaran-pabrik-nikel-di-konawe


Nickel reserves, Job Creation Law may help Indonesia attract Tesla: Expert

Dzulfiqar Fathur Rahman | The Jakarta Post

INDONESIA’s abundant nickel reserves and the Job Creation Law may help the country

attract investment from American electric automaker Tesla, an expert has stated.

Nickel, of which Indonesia is the world’s largest producer, is a key material in making lithium batteries for electric vehicles (EV). Therefore, Indonesia has the necessary resource to attract foreign investment in the EV industry, said Hendra Lie, an automotive expert from consulting firm PricewaterhouseCoopers (PwC) Indonesia.

“As a main player in the EV industry, Tesla has an interest in getting a sustainable access to the source of main raw materials for producing EV batteries,” Hendra told The Jakarta Post in a written statement on Monday.

Meanwhile, the recently passed Jobs Creation Law might also help attract foreign investment to the EV industry as it is expected to improve the country’s ease of doing business, he added.

The jobs law, which revised more than 79 laws and eliminated thousands of regulations, is aimed at improving the country’s investment climate by cutting red tape.

The Office of the Coordinating Maritime Affairs and Investment Minister revealed in a statement that President Joko “Jokowi” Widodo had spoken to Tesla chief executive officer (CEO) Elon Musk over the phone on Friday regarding the opportunity for the electric car manufacturer to invest in Indonesia.

Coordinating Maritime Affairs and Investment Minister Luhut Binsar Pandjaitan was said to be part of the call as well.

The statement, published on Saturday, also claimed that Musk planned to send a Tesla team to Indonesia in January 2021 to follow up on the cooperation plan.

“The final decision will certainly hinge on the result of the talks between the government and Tesla,” Hendra said.

Indonesia is setting its sights on becoming a major player in electric-powered transport. Under Jokowi’s administration, the local automotive industry is expected to begin domestic EV production by 2021 or 2022 and export 200,000 EVs by 2025.

The government has also expressed its commitment to utilizing the country’s vast nickel reserves and developing the country’s downstream industry by converting more of the metal into EV batteries.

It has placed an export ban on nickel ore in January, a move that is meant to prompt miners to develop smelters and produce higher-value products.

State-owned mining holding company MIND ID, oil and gas giant Pertamina and electricity company PLN have been tasked with establishing a holding company that will develop an end-to-end supply chain for EV batteries.


However, Sebelas Maret State University (UNS) School of Engineering professor Muhammad Nizam said on Aug. 21 that while Indonesia had an abundance of nickel, the industry required a huge amount of investment to start producing EV batteries.

“The million-dollar question is, who would put their money in that sector?” he said during a streamed webinar held by the National Research and Innovation Agency (BRIN) at the time.

Indonesia’s nickel reserves were also forecast to last for only another 26 years at last year’s production rate, according to the 2020 United States (US) Geological Survey.

Meanwhile, the wide gap between the average prices of electric cars and the purchasing power of average consumers is also a challenge for Indonesia’s plan to develop its EV industry, according to Kukuh Kumara, secretary-general of the Association of Indonesian Automotive Manufacturers (Gaikindo).

Kukuh said the average price of electric cars exceeded Rp 500 million (US$35,442.90), while the average Indonesian consumers’ purchasing power was below Rp 250 million.

“These are the challenges. The [technology] is still being developed so as to make the price [of EVs] more affordable,” Kukuh told the Post in a phone interview on Monday.

Coal Exports Ban Polemic, Australia Seeks Explanation

from China

AUSTRALIA asked China to clarify about

the ban on coal imports from its country. The growing political differences between the two trading partners have coincided with a series of tax rates and restrictions that Beijing has imposed on the export of Australian agricultural products.

There has been no official announcement from Beijing of any ban, but Australian Trade Minister Simon Birmingham has called on China to comply with its trade obligations. Moreover, the ban on coal exports to China will cost Australia billions of dollars and further inflame tensions between the two countries.

“We are looking at this report and obviously feel very disturbed. If the report is true, then it shows discriminatory trade practices...

Polemik Larangan Ekspor Batu Bara, Australia Minta

Penjelasan China

AUSTRALIA meminta China mengklarifikasi

soal larangan impor batu bara dari negara-nya. Peningkatan perbedaan politik antara kedua mitra dagang tersebut bertepatan dengan serangkaian tarif pajak dan pem-batasan yang diberlakukan Beijing atas ekspor produk pertanian Australia.

Belum ada pengumuman resmi dari Beijing mengenai larangan apa pun, tetapi Menteri Perdagangan Australia Simon Birmingham, meminta China mematuhi kewajiban perda-gangannya. Apalagi larangan ekspor batu bara ke China akan merugikan Australia miliaran dolar dan semakin mengobarkan ketegangan antara kedua negara.

“Kita melihat laporan ini dan jelas merasa sangat terganggu. Jika laporan itu benar, maka itu menunjukkan praktik perdagangan diskriminatif...

https://economy.okezone.com/topic/2238/batu-bara


then it shows discriminatory trade practices being implemented by Chinese authorities and we will urge China to refute the report and show they will operate in ways consistent with market principles consistent with their commitments as a member of the World Trade Organization (WTO). ) and free trade agreements," said Birmingham, quoted from VOA Indonesia, Wednesday (16/12/ 2020).

China is by far Australia's most important trading partner, buying about 40% of the goods it exports. China has unofficially banned imports of Australian coal since October because it is considered inferior quality, and officials in Canberra are working hard to ensure the accuracy of the Global Times report. Last year, China bought Australian coal worth USD10.5 billion.

Political disagreements in recent years have turned good relations increasingly tenuous. Australia's decision to ban Chinese technology giant Huawei with its 5G telecommunications network over national security concerns has sparked outrage in China, as have Australian accusations of political interference and cyber espionage by China.

Australia's condemnation of China's handling of Covid-19 has also angered Chinese leaders, in addition to dis-agreements over Beijing's human rights record, its military expansion in the South China Sea and democracy in Hong Kong. Experts believe Australia is being pressured by China to change its foreign policy.

The diplomatic tensions have coincided with a series of tax rates and restrictions on the export of Australian agricultural products worth billions of dollars. China accuses Australia...

maka itu menunjukkan praktik perdagangan diskriminatif yang diterapkan oleh otoritas China dan kita akan mendesak China agar membantah laporan itu dan menunjukkan mereka akan beroperasi dengan cara-cara yang konsisten dengan prinsip pasar sesuai dengan komitmen mereka sebagai anggota Organisasi Perdagangan Dunia (WTO) dan perjanjian perdagangan bebas," kata Birmingham, dikutip dari VOA Indonesia, Rabu (16/12/2020).

China sejauh ini adalah mitra dagang ter-penting Australia karena membeli sekitar 40% barang yang diekspornya. China secara tidak resmi melarang impor batu bara Australia sejak Oktober karena mutunya dianggap rendah, dan pejabat di Canberra berusaha keras memastikan keakuratan laporan Global Times tersebut. Tahun lalu, China membeli batu bara Australia senilai USD10,5 miliar.

Ketidaksepakatan politik dalam beberapa tahun terakhir telah mengubah hubungan baik menjadi semakin renggang. Keputusan Australia untuk melarang raksasa teknologi China, Huawei dengan jaringan telekomuni-kasi 5G-nya karena masalah keamanan nasional memicu kemarahan di China, begitu pula dengan tuduhan Australia mengenai adanya campur tangan politik dan spionase dunia maya yang dilakukan oleh China.

Kecaman Australia terhadap penanganan Covid-19 oleh China juga membuat marah para pemimpin China, selain ketidak-sepakatan tentang catatan hak asasi manusia Beijing, ekspansi militernya di Laut China Selatan, dan demokrasi di Hong Kong. Para pakar yakin Australia sedang ditekan oleh China untuk mengubah kebijakan luar negerinya.

Ketegangan diplomatik itu bertepatan dengan serangkaian tarif pajak dan pem-batasan terhadap ekspor produk pertanian Australia senilai miliaran dolar. China menuduh Australia...


China accuses Australia of flooding the Chinese market with grain and grapes and

unfairly subsidizing its farmers. Canberra is considering filing a complaint with the

World Trade Organization. (fbn)

China menuduh Australia membanjiri pasar China dengan biji-bijian dan anggur dan secara tidak adil mensubsidi para petaninya. Canberra sedang mempertimbangkan untuk menyampaikan keluhannya ke Organisasi Perdagangan Dunia. (fbn)

Pandemic, Adaro Pushes for Sustainable Green Village

Development Editor: Gita Amanda

PT ADARO Indonesia has succeeded in

developing a green, healthy and sustainable village in Kambitin Village, Tabalong Regency, South Kalimantan (South Kalimantan) as an effort to support the community in facing the Covid-19 pandemic.

PT Adaro Indonesia's Department Head, Leni Marlina, in Tanjung, the capital of Tabalong Regency, Tuesday (15/12), said that the pandemic that has been going on since early 2020 has had a major impact on the company's efforts to implement CSR programs. However, he added, this problem at the same time encourages innovation to ensure that the company's commitment to empowering the community and the environment can continue.

The innovation, he added, includes direct coaching through online assistance. From the innovations and mentoring carried out, he added, resulted in the "Mbah Asri" program, namely Green, Healthy, and Sustainable Village in Kambitin.

Through this program, people can more easily access clean water, manage domestic waste and use the home page for vegetable gardens, freshwater fisheries and livestock.

Pandemi, Adaro Dorong Pengembangan Kampung Hijau

Lestari Redaksi: Gita Amanda

PT ADARO Indonesia berhasil mengem-bangkan kampung hijau, sehat dan lestari di Desa Kambitin Kabupaten Tabalong, Kalimantan Selatan (Kalsel) sebagai upaya mendukung masyarakat dalam meng-hadapi masa pandemi Covid-19.

Department Head PT Adaro Indonesia, Leni Marlina, di Tanjung, ibu kota Kabu-paten Tabalong, Selasa (15/12), mengata-kan masa pandemi yang berlangsung sejak awal 2020, berpengaruh besar terhadap upaya perusahaan itu dalam menjalankan program CSR. Namun, tambah dia, persoalan ini sekaligus mendorong inovasi guna memastikan bahwa komitmen pem-berdayaan perusahaan kepada masyarakat dan lingkungan, bisa terus berjalan.

Inovasi tersebut, tambah dia, antara lain dengan melakukan pembinaan secara langsung melalui pendampingan daring. Dari inovasi dan pendampingan yang dilakukan, tambah dia, menghasilkan program "Mbah Asri", yaitu Kampung Hijau, Sehat, dan Lestari di Kambitin.

Melalui program ini, masyarakat bisa lebih mudah mengakses air bersih, mengelola sampah domestik dan memanfaatkan halaman rumah untuk kebun sayur, perikanan air tawar dan peternakan.

https://republika.co.id/tag/adaro


"Through this program, it is also able to help the community in meeting the availability of food during the Covid-19 pandemic," he said.

In addition, the community was also invited to change their mindset from the habit of rubber farmers using TSP fertilizer and soaking rubber in the river. "Currently the Sungai Kihung Lestari Cooperative has been able to produce Ecodeurub, which is used as an environmentally friendly rubber thickening material," he said.

Meanwhile, to support the government in reducing the number of Covid -19 transmission, PT Adaro also launched the "Acil Proker" program, namely the Indonesian Love Action for Mask Production. Through this program, currently more than 36 thousand masks with three layers have been produced by LKP Sahabat which embraces the sewing community in Balangan.

These masks are produced from leftover cloth from sasirangan and sewing businesses. This business activity is able to maintain the survival of the tailoring community in Balangan.

In addition, Adaro is also fighting for Indonesia in handling the Covid-19 pandemic as a form of commitment to corporate responsiveness in tackling the pandemic. Adaro's total donation commitment for handling Covid-19 is Rp 58.5 billion for the procurement of masks, PPE, ventilators, ambulances, and building 2 PCR laboratories.

"Adaro strives with the community to always synergize with the government in handling Covid-19 in Indonesia. In these conditions we must work together, synergize with all parties and this award is a tangible form of participation and contribution of all parties," he concluded.

"Melalui program ini, ternyata juga mampu membantu masyarakat dalam memenuhi ketersediaan pangan pada masa pandemi Covid-19," katanya.

Selain itu, masyarakat juga diajak meng-ubah pola pikir dari kebiasaan petani karet menggunaan pupuk TSP dan merendam karet di Sungai. "Saat ini Koperasi Sungai Kihung Lestari telah mampu memproduksi Ecodeurub, yang digunakan untuk bahan pengentalan karet yang ramah ling-kungan," ujarnya.

Sementara itu, mendukung pemerintah dalam menekan angka penularan Covid-19, PT Adaro juga meluncurkan program "Acil Proker", yaitu Aksi Cinta Indonesia Produksi Masker. Melalui program ter-sebut, saat ini lebih dari 36 ribu masker dengan tiga lapis telah dihasilkan oleh LKP Sahabat yang merangkul komunitas penjahit di Balangan.

Masker ini diproduksi dari kain sisa hasil usaha sasirangan dan menjahit. Kegiatan usaha itu mampu mempertahankan keber-langsungan hidup para komunitas penjahit di Balangan.

Selain itu, Adaro juga berjuang untuk Indonesia dalam penanganan pandemi Covid-19 sebagai bentuk komitmen responsitas perusahaan dalam penang-gulangan pandemi. Total komitmen donasi Adaro untuk penanganan Covid-19 adalah Rp 58,5 miliar untuk pengadaan masker, APD, alat ventilator, mobil ambulan, sampai membangun 2 laboratorium PCR.

"Adaro berjuang bersama masyarakat untuk selalu bersinergi dengan pemerintah dalam penanganan Covid-19 di Indonesia. Dalam kondisi seperti ini kita harus bersama-sama, bersinergi dengan semua pihak dan penghargaan ini merupakan bentuk nyata partisipasi dan kontribusi semua pihak," pungkasnya.


Through these various programs, PT Adaro was again awarded the gold category of best environmental management (Proper). Gold Proper has been won by Adaro for 2 consecutive years and Gold Proper this time for the third time, since it was first achieved in 2012.

PT Adaro Indonesia's External Relations Division Head, Rizki Dartaman, said that proper gold has an important meaning for Adaro, because it is the government's recognition of Adaro's environmental governance and community development.

"Proper, has an important meaning as a measure of the success of a company in translating the value of environmental conservation alongside production," he said.

The award was presented on Monday (14/12) at a health protocol based award ceremony by the Minister of Environment and Forestry, Siti Nurbaya. The award was given to PT Adaro, represented by Adaro's Director of Operations, Priyadi.

Rizki said this achievement was the result of cooperation from all parties. "From operations to supporters," said Rizki.

Rizki explained, PROPER shows the company's commitment to consistency in environmental management as well as empowering communities around the mine.

Melalui berbagai program tersebut, PT Adaro kembali mendapatkan Penghargaan penge-lolaan lingkungan hidup terbaik (proper) kategori emas. Proper Emas berhasil diraih Adaro dalam 2 tahun secara berturut-turut dan proper emas kali ini untuk ketiga kalinya, sejak pertama kali diraih pada 2012.

External Relation Division Head PT Adaro Indonesia, Rizki Dartaman mengatakan, proper emas tersebut memiliki arti penting bagi Adaro, karena merupakan pengakuan peme-rintah terhadap tata kelola lingkungan dan pengembangan masyarakat yang dilakukan Adaro.

"Proper tersebut, memiliki arti penting sebagai tolok ukur keberhasilan perusahaan menterjemahkan nilai pelestarian lingkungan yang bersisian dengan produksi," katanya.

Penyerahan penghargaan tersebut, dilakukan pada Senin (14/12), pada acara penganu-gerahan berbasis protokol kesehatan oleh Menteri Lingkungan Hidup dan Kehutanan, Siti Nurbaya. Penghargaan tersebut diberikan kepada PT Adaro yang diwakili Direktur Operasional Adaro, Priyadi.

Rizki mengatakan, raihan ini merupakan hasil kerja sama semua pihak. "Dari operasi-onal hingga pendukungnya," ujar Rizki.

Rizki menjelaskan, proper ini menunjukkan komitmen perusahaan terkait konsistensi pengelolaan lingkungan sekaligus pember-dayaan masyarakat sekitar tambang.

China-Australia Tension Heats Up, Coal Prices Are Increasingly

Smoldering Lorenzo Anugrah Mahardhika

THE PRICE of coal continues to soar after

the Chinese government's efforts to set limits on the purchase price. In addition,...

Tensi China-Australia Memanas, Harga Batu Bara Kian Membara

Lorenzo Anugrah Mahardhika

HARGA batu bara terus melesat setelah

upaya pemerintah China menetapkan

batasan harga pembelian. Selain itu,...

https://www.bisnis.com/user/671/lorenzo.anugrah.mahardhika

https://search.bisnis.com/?q=batu+bara


In addition, the import ban imposed by China on Australia has further inflated prices.

Reporting from Bloomberg on Tuesday (12/15/2020), Newcastle coal prices were observed to have risen by 1.6 percent to US$ 83.85 per ton, or the highest increase since May 2019. On the other hand, the January coal price contract at China had corrected up to 1.7 percent to 718 yuan per tonne.

One of the causes of the increase in coal prices is the establishment of an upper limit on the import price of coal from China. China's National Development and Reform Commission (NDRC) last week met with representatives from 10 power generation companies in the country.

At the meeting, the NDRC stated that companies should not pay coal prices above the level of 640 yuan or US$ 97.80 per ton. The NDRC also gave the green light to companies to import more coal, except for products from Australia.

This effort was made by China to control coal prices. This occurred after an accident at a coal mine resulted in reduced production and increased prices for the commodity.

On the other hand, China is also facing an increase in demand for coal with the arrival of winter.

Meanwhile, China has also passed a ban on imports of a number of products from Australia, including coal. The ban indicates that relations between the two countries are deteriorating.

According to a Bloomberg report, more than 50 ships carrying coal from Australia are now stranded at Chinese ports. This happened after local authorities banned the unloading of the ships last October.

Selain itu, pelarangan impor yang diber-lakukan China kepada Australia semakin melambungkan harga.

Dilansir dari Bloomberg pada Selasa (15/12/2020), harga batu bara Newcastle sempat terpantau naik hingga 1,6 persen ke US$83,85 per ton, atau kenaikan tertinggi sejak Mei 2019. Di sisi lain, harga batu bara kontrak Januari di China sempat terkoreksi hingga 1,7 persen di level 718 yuan per ton.

Salah satu penyebab kenaikan harga batu bara adalah penetapan batas atas harga impor batu bara dari China. National Development and Reform Commission (NDRC) China pada pekan lalu bertemu dengan perwakilan dari 10 perusahaan pembangkit listrik di negara tersebut.

Pada pertemuan itu, NDRC menyatakan perusahaan tidak boleh membayar harga batu bara di atas level 640 yuan atau US$97,80 per ton. NDRC juga memberi lampu hijau kepada para perusahaan untuk melakukan lebih banyak impor batu bara, kecuali untuk produk asal Australia.

Upaya tersebut dilakukan China guna mengendalikan harga batu bara. Hal ini ter-jadi setelah sebuah kecelakaan di tambang batubara berimbas pada menurunnya produksi dan melambungnya harga komo-ditas tersebut.

Di sisi lain, China juga menghadapi kenaikan permintaan batu bara seiring dengan datangnya musim dingin.

Sementara itu, China juga telah mengesah-kan larangan impor sejumlah produk dari Australia, termasuk batu bara. Pelarangan tersebut menandakan hubungan antara kedua negara yang kian memburuk.

Menurut laporan Bloomberg, lebih dari 50 kapal yang membawa batu bara dari Australia kini terdampar di pelabu han-pelabuhan China. Hal ini terjadi setelah otoritas setempat melarang pembongkaran muatan kapal-kapal tersebut pada Oktober lalu.




Related to this, Australian Trade Minister Simon Birmingham said his party regretted

China's decision. He said that this prohibition indicated the occurrence of

discriminatory trade practices.

"The risk profile for trade with China has increased significantly this year," he said in

an interview with an Australian radio station.

Birmingham continued, the Australian

government is very close to bringing the case of the prohibition of one of the

prohibited commodities, barley, to the World Trade Organization (WTO). The

kangaroo country is also considering doing the same in the case of banning coal

imports.

"We are concerned that this action violates

the spirit of a trade agreement signed by the two countries," added Birmingham.

Meanwhile, coal is the third largest export

source owned by Australia. Prior to passing this ban, China had imposed a

number of import restrictions on a number of commodities.

Australian Prime Minister Scott Morrison

said the shift in imports by China from Australia would have a negative impact on

the environment.

"This is a situation where both parties will suffer losses, because the coal produced by Australia has an emission level that is 50 percent lower," he said.

Relations between China and Australia have deteriorated since last 2018. At that time, the Australian government prohibited one of the technology companies from China, Huawei, from building a 5G network due to national security issues.

Terkait hal tersebut, Menteri Perdagangan Australia Simon Birmingham mengatakan pihaknya menyayangkan keputusan China. Ia mengatakan, pelarangan ini mengindi-kasikan terjadinya praktik perdagangan yang diskriminatif.

"Profil risiko perdagangan dengan China telah naik signifikan pada tahun ini," katanya dalam sebuah wawancara dengan stasiun radio Australia.

Birmingham melanjutkan, pemerintah Australia sangat dekat untuk memper-karakan kasus pelarangan salah satu komoditas yang dilarang, jelai, ke World Trade Organization (WTO). Negeri Kangguru itu juga tengah memper-timbangkan untuk melakukan hal serupa untuk kasus pelarangan impor batu bara.

"Kami khawatir bahwa tindakan ini menyalahi semangat perjanjian perda-gangan yang ditandatangani kedua negara," tambah Birmingham.

Adapun komoditas batu bara merupakan sumber ekspor terbesar ketiga yang dimiliki Australia. Sebelum mengesahkan pelarangan ini, China telah member-lakukan sejumlah pembatasan impor pada sejumlah komoditas.

Perdana Menteri Australia, Scott Morrison mengatakan, pergeseran impor yang dilakukan China dari Australia akan ber-dampak negatif bagi lingkungan.

"Ini merupakan situasi dimana kedua pihak akan merugi, karena batu bara yang dihasilkan Australia memiliki tingkat emisi yang 50 persen lebih rendah," ujarnya.

Hubungan China dan Australia telah mem-buruk sejak 2018 lalu. Kala itu, pemerintah Australia melarang salah satu perusahaan teknologi asal China, Huawei, untuk membangun jaringan 5G karena masalah keamanan nasional.


The tension between the two countries

boiled over after the Australian Prime

Minister, Scott Morrison, asked for an

international investigation into the origin

of the corona virus. This effort was met by

China, which said Australia was meddling

in domestic affairs and declared them a

"puppet" of the United States.

In fact, the relationship between the two

countries was harmonious. In 2015,

Chinese President Xi Jinping signed a trade

agreement between the two countries.

Separately, Capital Futures analyst Wahyu

Laksono said, China's import ban is likely

to become a weapon for the Chinese

master. This is because now they have to

find other partners to meet their domestic

coal needs.

On the other hand, the import ban has

resulted in an increase in coal prices in

Australia. This sentiment will also increase

the price of coal in other producing

countries such as Indonesia or India.

However, Wahyu said sentiment from

Australia was not the main determinant in

coal price movements. The policies taken

by China will have a more significant

impact on price movements.

Wahyu explained that as one of the largest

coal producers in the world, China's

policies have indeed been designed to

maintain the price of this commodity.

"The price of coal in China cannot be too

high because it will threaten the energy or

electricity consumer sector. On the other

hand, the price cannot be too low because

it will threaten mining companies and the

financial sector that support the sector's

financing," he explained.

Tensi kedua negara kian mendidih setelah Perdana Menteri Australia, Scott Morrison, meminta dilakukan penyelidikan inter-nasional terkait asal-usul virus corona. Upaya ini dibalas China yang mengatakan Australia mencampuri urusan dalam negeri dan menyatakan mereka merupa-kan "boneka" Amerika Serikat.

Padahal, hubungan kedua negara sebelum-nya terbilang harmonis. Pada 2015 lalu, Presiden China Xi Jinping menandatangani perjanjian perdagangan antara kedua negara.

Secara terpisah, analis Capital Futures Wahyu Laksono mengatakan, pelarangan impor yang dilakukan China kemungkinan akan menjadi senjata makan tuan bagi Negeri Panda tersebut. Pasalnya, kini mereka harus mencari mitra lain untuk memenuhi kebutuhan batu bara domestiknya.

Di sisi lain, larangan impor tersebut berimbas pada kenaikan harga batu bara di Australia. Sentimen ini pun juga akan melambungkan harga batu bara di negara-negara penghasil lainnya seperti Indonesia atau India.

Namun, Wahyu mengatakan sentimen dari Australia tidak menjadi penentu utama dalam pergerakan harga batu bara. Kebijakan-kebijakan yang diambil oleh China akan lebih memiliki dampak signifikan terhadap pergerakan harga.

Wahyu menjelaskan, sebagai salah satu penghasil batu bara terbesar di dunia, kebijakan China memang telah dirancang untuk menjaga harga komoditas ini.

“Harga batu bara di China tidak bisa terlalu tinggi karena akan mengancam sektor konsumen energi atau listrik. Di sisi lain, harganya juga tidak bisa terlalu rendah karena akan mengancam perusahaan tambang dan sektor finansial yang mendukung pembiayaan sektor tersebut,” jelasnya.


He continued, the prospect of coal prices is still quite good in the remainder of 2020 and early 2021. This is supported by the increase in demand for this commodity in a number of countries that are entering winter.

Wahyu explained that entering winter, the demand for thermal coal will reach its highest point. This will create pressure on coal prices.

Coal prices will continue to increase in line with the prospect of reopening economic activity after the clarity of the corona virus pandemic. This sentiment will stimulate a recovery in demand which will lead to a sustainable coal price rally.

Wahyu projects that coal prices in the medium term will be in the range of US$ 80 to US$ 100 per ton.

Meanwhile, the Commodity Markets Outlook 2020 report issued by the World Bank stated that coal prices began to stabilize after correcting more than 20 percent in the second quarter of 2020. This is inversely proportional to the positive trend experienced by crude oil and natural gas.

The World Bank stated that the corona virus pandemic was one of the factors causing the negative rally in commodity prices. This has spurred a number of countries to use energy sources with low emissions such as natural gas or accelerate the use of renewable energy. "The transfer of power sources has caused the world coal consumption figure to decline," the report quoted the report as saying.

The corona virus pandemic also has an impact on daily coal production cuts by exporting countries. Countries such as Indonesia and the United States have put a brake on coal production, while production in Colombia has stalled following protests from miners.

Ia melanjutkan, prospek harga batu bara masih cukup baik di sisa tahun 2020 dan awal 2021. Hal ini ditopang oleh kenaikan permintaan komoditas tersebut di sejumlah negara yang tengah memasuki musim dingin.

Wahyu menjelaskan, memasuki musim dingin, permintaan terhadap batu bara thermal akan mencapai titik tertingginya. Hal tersebut akan memunculkan tekanan ter-hadap harga batu bara.

Harga batu bara akan melanjutkan kenaikan-nya seiring dengan prospek pembukaan kembali kegiatan ekonomi setelah kejelasan pandemi virus corona. Sentimen tersebut akan mendorong pemulihan permintaan yang nanti-nya berimbas pada reli harga batu bara yanh berkelanjutan.

Wahyu memproyeksikan, harga batu bara dalam jangka menengah akan berada di kisaran US$80 hingga US$100 per ton.

Sementara itu, laporan Commodity Markets Outlook 2020 yang dikeluarkan oleh Bank Dunia menyatakan, harga batu bara mulai bergerak stabil setelah terkoreksi lebih dari 20 persen pada kuartal II/2020. Hal tersebut berbanding terbalik dengan tren positif yang dialami oleh minyak mentah dan gas alam.

Bank Dunia menyatakan, pandemi virus corona menjadi salah satu faktor penyebab reli negatif harga komoditas ini. Hal ini memacu sejumlah negara untuk mengguna-kan sumber energi dengan emisi rendah seperti gas alam atau mempercepat peng-gunaan energi terbarukan. “Perpindahan sumber tenaga tersebut membuat angka kon-sumsi batu bara dunia mengalai penurunan,” demikian kutipan laporan tersebut.

Pandemi virus corona juga berdampak pada pemangkasan produksi harian batu bara yang dilakukan oleh negara-negara eksportir. Negara-negara seperti Indonesia dan Amerika Serikat mengerem produksi batu baranya, sementara produksi di Kolombia terhambat menyusul aksi unjuk rasa dari para pekerja tambang.


In addition, sentiment from China also played a role in the negative trend in coal prices. As the largest importer of coal in the world, China began imposing restrictions on imports of this commodity since last May amid rising demand and flat output.

"The level of demand for coal in 2020 is likely to fall by up to 7 percent," the report quotes.

Going forward, the World Bank estimates that coal price movements will continue to be affected by the shift in power sources to renewable energy or natural gas. However, high natural gas prices are considered to have a positive impact on coal competitive-ness. Editor: Hafiyyan

Selain itu, sentimen dari China juga turut berperan dalam tren negatif harga batu bara. Sebagai importir terbesar batu bara di dunia, China mulai memberlakukan pembatasan impor komoditas ini sejak Mei lalu ditengah tingkat permintaan yang meningkat dan output yang datar.

“Tingkat permintaan batu bara pada 2020 kemungkinan akan turun hingga 7 persen,” demikian kutipan laporan tersebut.

Kedepannya, Bank Dunia memperkirakan pergerakan harga batu bara akan terus terdampak oleh pergeseran sumber tenaga ke energi terbarukan atau gas alam. Meski demikian, harga gas alam yang tinggi dinilai akan berimbas positif terhadap daya saing batu bara. Editor : Hafiyyan

Freeport lower 2021 copper charges signal sixth drop for benchmark Reuters

FREEPORT-McMoRan Inc has agreed copper treatment and refining charges (TC/RCs) for

2021 with four Chinese smelters at 4% below this year’s terms, an executive from the miner

said, signalling a sixth straight drop in the annual benchmark.

Freeport agreed charges of $59.50 per tonne and 5.95 cents per lb with China Copper, Jiangxi Copper, Tongling Nonferrous and Jinchuan Group, Javier Targhetta, senior vice president for

marketing and sales and president of its subsidiary Atlantic Copper, said on Monday.

The charges, paid by miners to smelters to process copper ore into refined metal, are weaker than the 2020 benchmark of $62 a tonne and 6.2 cents per lb – also set by Freeport – amid

tight concentrate supply and rising demand for feedstock in China, the world’s biggest copper consumer.

The first miner-smelter copper TC/RC settlement of the mating season usually serves as the benchmark for the year ahead and is referenced in supply contracts worldwide.

Freeport’s settlement with the Chinese smelters, which came later than normal as the

coronavirus ruled out annual face-to-face negotiations in Shanghai in November, signals the lowest benchmark since a settlement of $56 a tonne and 5.6 cents per lb for 2011. The

benchmark has fallen every year since 2016.

https://www.mining.com/external-author?author=Reuters


A Chinese smelter source, who declined to be identified as he was not authorised to speak to the media, said the result was “better than expected,” however, given where spot treatment charges are at the moment.

“It is not good for smelters if (the low rate) drags on for a long time. Miners are still in too strong a position.”

Spot treatment charges in China, as assessed by Asian Metal, are languishing at $50.50 a tonne, their lowest level in eight years.

Jiangxi Copper confirmed the settlement on Tuesday.

“Under the impact of tight supply of copper concentrate from mines and the expansion of domestic smelting capacity in recent years, TC/RCs have been decreasing year after year,” it said in an email.

China Copper, Jinchuan and Tongling Nonferrous did not immediately respond to requests for comment. (By Shivani Singh and Tom Daly; Editing by Matthew Lewis and Alexander Smith)

Metso Outotec supports GTK Mintec’s pilot plant plans with new flotation cells

Posted by Daniel Gleeson

METSO Outotec is set to deliver new, smart flotation cells to GTK Mintec’s pilot plant in

Outokumpu, Finland, as part of the survey’s modernisation and expansion program.

The delivery consists of around 20 pilot flotation machines and additional equipment, with

GTK Mintec replacing existing flotation cells at its pilot plant.

The new flotation cells will support the improvement of the monitoring of beneficiation

studies and process design, according to Metso Outotec.

“GTK and Metso Outotec promote sustainable and competitive mining technologies,” Stephan Kirsch, President of Metso Outotec’s Minerals business area, says. “We are pleased that GTK

chose Metso Outotec’s leading-edge flotation technology for their test facilities.”

Jouko Nieminen, Head of the Circular Economy Solutions unit for the Geological Survey of Finland (GTK), said: “The test plant and laboratory in Outokumpu offer mining customers a

comprehensive service package. The whole production process needed for a mineral deposit can be tested there on the scale required by the research problem.

“Through the flotation investment, our domestic and international customers can use state-of-the-art technology in research related to battery minerals and circular economy materials,

for example.”


Newcrest blows Cadia into a renewable future Vanessa Zhou

NEWCREST Mining intends to run the Cadia gold mine in New South Wales with power

sourced from the Rye Park wind farm north of Yass.

The gold miner has agreed to purchase renewable power from the Rye Park wind farm

developer, Tilt Renewables, over a period of 15 years.

Newcrest stated that Rye Park would become the largest wind farm directly enabled by a

corporate power purchase agreement in Australia.

Expected to move from the development stage into financing and construction, Rye Park is

targeted to start operations in January 2024, where Newcrest will contract for more than half

(55 per cent) of Rye Park’s planned 400 megawatt output.

This is equivalent to more than 40 per cent of Cadia’s projected energy demand from 2024

and a 20 per cent reduction in Newcrest’s greenhouse gas emissions.

Newcrest managing director Sandeep Biswas said that the new contract would also help the

company maintain competitive energy costs.

“This is a critical step in our transition to sustainable energy use at our operations. As part of

our climate change policy released last June, we have committed to a significant reduction in

emissions intensity, and this agreement is a major step towards delivering on that objective,”

Biswas said.

“We continue to explore ways to reduce Cadia’s emissions intensity and our long term aim is

to virtually eliminate Cadia’s energy-related greenhouse gas emissions.”

Tilt Renewables chief executive Deion Campbell said the long-term offtake agreement with

Newcrest would underpin the investment decision for its largest wind farm to date.

Should the project receive board approval, construction may start within the next 6-9

months.

At Cadia, Newcrest is planning for a further increase to its processing plant nameplate

capacity from 33 million tonnes to 35 million tonnes a year, with the second stage of this

development receiving board approval in October.

Biswas said Newcrest would also continue to pursue other initiatives to reduce its emissions

intensity at other operating sites.

Newcrest aims to reduce its greenhouse gas emissions by 30 per cent by 2030.

https://www.australianmining.com.au/author/vanessa-adams-the-conversation/


End-of-year thermal coal price rally to run out of steam in early 2021 By: Creamer Media Reporter

THE SUPPLY squeeze in the seaborne thermal coal market brought on by China ramping up

imports of non-Australian thermal coal at a time of a cyclical upswing in global demand has

pushed thermal coal prices higher, but Fitch Solutions believes the price rally will lose

momentum in the first half of 2021.

Amid a so-called ban on Australian coal into China amid a diplomatic row, Newcastle coal

futures have surged in the last three months, from a 2020 low of $56/t in September to $77/t

in mid-December.

Fitch notes that the inability of domestic Chinese supply to ramp up sufficiently to

compensate for the Australian ban has resulted in strong Chinese imports from suppliers,

such as South Africa. At the same time, coal demand has been increasing in other significant

coal consumers such as India, Japan and South Korea, which helped to offset the negative

impact of China’s ban on Australia’s coal sales.

However, the group believes the short-term supply squeeze will fade in early 2021, as the

surge in prices since September has encouraged production that has been taken offline during

2020 to partially come back on line.

“In Australia, weak sales to China had led to a significant build in domestic port stockpiles by

November. This inventory overhang will enable exports to increase in response to currently

high prices, which will improve supply on the seaborne market and take the wind out of the

current price rally,” states Fitch.

Reduced disruption to mining operations from the Covid-19 pandemic will see production

increase in India, Russia and South Africa in early 2021.

Given the price rally in the last three months, Fitch expects thermal coal prices to average

$66/t in 2020. Given that prices will also start 2021 at a higher-than-anticipated level, the

group has increased its average price forecast for 2021 from $58/t to $62/t.

However, prices are expected to head back towards $60/t by mid-2021, as the supply squeeze

will fade.

Fitch has kept its long-term forecast unchanged, owing to a structural oversupply. Thermal

coal prices are forecast to average $44/t in 2029, which will be a 33% decline compared with

$66/t in 2020.

https://www.miningweekly.com/author.php?u_id=1013


Australia-China trade tension escalates over coal ban Vanessa Zhou

CHINA’s Foreign Ministry Spokesperson Wang Wenbin has underlined that the country’s

actions regarding imported Australian products such as coal are in line with Chinese laws and regulations.

The statement came as Australia’s Prime Minister Scott Morrison claimed that China’s formal ban on coal would be in breach of World Trade Organisation rules.

A Chinese state-owned newspaper Global times reported on Monday that the Chinese National Development and Reform Commission had authorised power plants to import coal with no limitations, except from Australia.

Wang, speaking at a press conference on Tuesday, claimed that he had not been aware of China reducing restrictions on other coal imports.

He added that Australia had been playing victim, “pointing and accusing finger at China, directly or by insinuation”.

“This move is meant to confound the public and we will never accept it,” he said, claiming that Australia’s response to Chinese investment projects was what was in violation of market principles and China-Australia Free Trade Agreement.

“What is worrying for us is such moves as politicising and obstructing normal trade activities, interfering in others’ internal affairs in defiance of basic norms governing international relations and even provoking confrontation,” Wang said.

Morrison said that if the coal ban were to be the practice, it would be a lose-lose situation for both countries.

China was Australia’s second biggest coal importer after Japan last year, taking nearly $14 billion worth of coal and representing 21 per cent of Australia’s coal exports.

“Coal that is sourced from other countries … have 50 per cent higher emissions that Australian coal. As a result, that would be a bad outcome for the environment,” Morrison said.

Last month, China Coal Transportation and Distribution signed a trade deal with Indonesia to buy nearly $1.5 billion worth of thermal coal from the latter next year.

Over 10 million tonnes of Indonesia’s thermal coal was estimated to arrive in China this month, according to metals and mining research and consultancy group Wood Mackenzie.

“Indonesia products are mainly low-sulphur, low-ash coal, which is needed for China’s gencos to blend with domestic high-sulphur coal in winter, normally a high-pollution period,” Wood Mackenzie senior consultant Yu Zhai said.

“Russia and Colombia will also benefit from the purchase as the two countries can meet China’s demand for high-energy coal.”

https://www.australianmining.com.au/author/vanessa-adams-the-conversation/


China may ease entry of imported coal to bring down higher domestic prices

Author: Jenny Ma, Fred Wang; Editor: Debiprasad Nayak

CHINA may open up its borders to seaborne coal and set price ceiling for Chinese coal in an

attempt to cool domestic coal prices, according to a meeting note seen by S&P Global Platts Dec. 15 that took place between China's National Development and Reform Commission, or NDRC and eight state-owned Chinese utilities on Dec. 12.

NDRC was in discussion with Zhengzhou Commodities Exchange to implement measures to limit excessive fluctuations in futures prices, the meeting note said and confirmed by a source close to the matters.

January futures prices in Zhengzhou Commodities Exchange dropped to Yuan 719.20/mt ($109.73/mt) FOB Dec. 15, after jumping to Yuan 753/mt FOB ($115/mt) for 5,500 kcal/kg NAR grade of coal Dec. 10, market sources said.

However, market price for 5,500 kcal/kg NAR Chinese coal were at Yuan 750-Yuan 770/mt FOB ($114.46-$117.51/mt) Dec. 14 while buyers and end-users in China were not hopeful for procuring cargoes at price ceiling of Yuan 640/mt ($97.65/mt).

While there has not been any official document for the meeting notes, there has been an uptick in demand for Indonesian and Russian coal in China, supporting the price jump, sources said.

National Development and Reform Commission was not available for comments.

Chinese utilities shall not procure Chinese coal with 5,500 kcal/kg NAR grade at more than Yuan 640/mt FOB, any procurement for this grade more than the price ceiling shall be reported to NDRC for further research on its coal source, the meeting note added.

Currently, stockpiles at major Chinese utilities were currently totaling 86 million mt, and regional power plants under each utilities shall coordinate coal resources in order to avoid procurement at high prices, it added.

Open up borders

China shall open up its borders to all seaborne coal except for Australian coal, the meeting note said.

Following the circulation of the meeting note, there has been an uptick in trading activities of Indonesian coal and Russian coal over the weekend into China, sources said.

"China's customs do not interfere with our Indonesian and Russian coal imports now, or asking for import quotas now," an utility source said.

"Flurry of Indonesian coal trades were concluded into China, hence offer prices jumped," an Indonesia-based miner said.

https://www.spglobal.com/platts/en/search-results?author=Jenny%20Ma

https://www.spglobal.com/platts/en/search-results?author=Fred%20Wang

https://www.spglobal.com/platts/en/search-results?editor=Debiprasad%20Nayak


Kalimantan coal prices jumped $1.40/mt to $6.40/mt Dec. 14 following the optimism that China may open up its borders, sources said.

Offers for 6,000 kcal/kg NAR Russian coal were heard at $80/mt FOB Dec. 14, up $5/mt FOB from the lowest offer Dec. 11.

Australian coal ban

Meanwhile, NDRC explicitly listed Australian coal as being exempt from the new order, confirming the Australian coal ban reported in October, according to a note by ANZ.

While China held a strong stand against Australian exports including Australian coal in near-term, there has not been any official documents released by NDRC, sources in China said.

China's state-owned power plants and steel mills received a verbal warning to stop importing Australian coal in October, reported by S&P Global Platts on Oct. 9.

Import inspections and custom clearance processes have became more cumbersome following the verbal warning, a source said.

"China has not been distributing coal ban on black and white in the past, at most they are giving verbal notice," a source closed to the matters said.

"China's argument against Australian coal and South African coal has always been quality inferiority," another Singapore-based trader said.

China's customs continued to scrutinize fluorine contents of South African, with so far less than five shipments of South African coal were traded into China this year, a source closed to the matters said.

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