Daily News Update Page 1 TABLE OF CONTENTS No. Title Media Source Page 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. ESDM Ministry Ensures Coal Production Target in 2021 is 550 Million Tons Kementerian ESDM pastikan target produksi batubara di 2021 sebesar 550 juta ton PTBA and Pertamina DME Project Cooperation Scheme Signed This Month Skema Kerja Sama Proyek DME PTBA dan Pertamina Diteken Bulan Ini Great! Freeport Predicted to Print Revenues of Rp 12 T Next Year Mantap! Freeport Diramal Cetak Pendapatan Rp 12 T Tahun Depan Pertamina collaborates with ADRO and INDY to develop coal gasification into DME Pertamina gandeng ADRO dan INDY untuk pengembangan gasifikasi batubara jadi DME Tsingshan Approaches Freeport to Build a Smelter in Halmahera Freeport Didekati Tsingshan Buat Bangun Smelter di Halmahera MIND ID Supports Freeport Find Partners to Build Smelters MIND ID Dukung Freeport Cari Mitra Bangun Smelter MIND ID-Antam Is Ready to Form Battery Holding MIND ID-Antam Siap-siap Bentuk Holding Baterai Bukit Asam Asked for Regulations on the Transfer of Subsidies from LPG to DME Bukit Asam Minta Aturan Pengalihan Subsidi dari LPG ke DME MIND ID Targets Freeport Shares Purchase Debt to Be Paid in 2025 MIND ID Targetkan Utang Pembelian Saham Freeport Lunas 2025 Production of electric vehicles is getting more intense, nickel prices have the potential to increase Kontan Bisnis DetikFinance Kontan CNBC Indonesia Dunia Energi DetikFinance Bisnis CNN Indonesia Kontan 3 5 7 9 11 12 15 16 17 20
Transcript
Daily News Update Page 1
TABLE OF CONTENTS
No. Title Media Source Page
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ESDM Ministry Ensures Coal Production Target in 2021 is 550 Million Tons Kementerian ESDM pastikan target produksi batubara di 2021 sebesar 550 juta ton PTBA and Pertamina DME Project Cooperation Scheme Signed This Month Skema Kerja Sama Proyek DME PTBA dan Pertamina Diteken Bulan Ini Great! Freeport Predicted to Print Revenues of Rp 12 T Next Year Mantap! Freeport Diramal Cetak Pendapatan Rp 12 T Tahun Depan Pertamina collaborates with ADRO and INDY to develop coal gasification into DME Pertamina gandeng ADRO dan INDY untuk pengembangan gasifikasi batubara jadi DME Tsingshan Approaches Freeport to Build a Smelter in Halmahera Freeport Didekati Tsingshan Buat Bangun Smelter di Halmahera MIND ID Supports Freeport Find Partners to Build Smelters MIND ID Dukung Freeport Cari Mitra Bangun Smelter MIND ID-Antam Is Ready to Form Battery Holding MIND ID-Antam Siap-siap Bentuk Holding Baterai Bukit Asam Asked for Regulations on the Transfer of Subsidies from LPG to DME Bukit Asam Minta Aturan Pengalihan Subsidi dari LPG ke DME MIND ID Targets Freeport Shares Purchase Debt to Be Paid in 2025 MIND ID Targetkan Utang Pembelian Saham Freeport Lunas 2025 Production of electric vehicles is getting more intense, nickel prices have the potential to increase
Kontan Bisnis DetikFinance Kontan CNBC Indonesia Dunia Energi DetikFinance Bisnis CNN Indonesia Kontan
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Daily News Update Page 2
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Produksi kendaraan listrik makin gencar, harga nikel berpotensi naik Rally Continues, Coal Prices Record Highest Since January Reli Berlanjut, Harga Batu Bara Rekor Tertinggi Sejak Januari Unstoppable Copper Price Increase Kenaikan Harga Tembaga Tak Terbendung Metso Outotec launches overland conveyor range China’s copper imports at six-month low Metso Outotec strives for cost synergies, emission cuts with warehouse optimisation Philippines govt progresses Didipio talks US, China trade tensions cause rare earths price surge Column: China scores coal own goal as domestic, import prices surge
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Daily News Update Page 3
ESDM Ministry Ensures Coal Production Target in 2021 is
550 Million Tons Reporter: Ridwan Nanda Mulyana | Editor:
Tendi Mahadi
ESDM Ministry's Director of Coal Develop-
ment and Business, Sujatmiko, confirmed that next year's national coal production plan is set at 550 million tons. This figure is still the same as the target in the Work Plan and Budget (RKAB) for this year.
Sujatmiko said the 550 million ton production plan includes all types of permits that are in the production operation stage. Starting from PKP2B, IUPK, and IUP. "This coal production target must be referred to by the company in planning the amount of coal production in the 2021 RKAB," he told Kontan.co.id, Monda y (7/12).
According to Sujatmiko, the target setting has considered efforts to control national coal production. In addition, he continued, the Directorate General of Mineral and Coal has a Minerba Online Monitoring System (MOMS) application which is used to monitor and control the production realization of each company.
"Control of national coal production is carried out by providing approval for the company's total production plan in the 2021 RKAB, which is a maximum of 550 million tons," said Sujatmiko.
Previously, based on information obtained by Kontan.co.id, of the total production allocation of 550 million tons, 351.44 million tons or 64% were allocated for companies under the authority of the central government. The remaining 36%...
Kementerian ESDM pastikan target produksi batubara di 2021 sebesar 550 juta ton
Batubara Kementerian ESDM Sujatmiko mengkonfirmasi rencana produksi batubara nasional pada tahun depan dipatok 550 juta ton. Angka itu masih sama dengan target dalam Rencana Kerja dan Anggaran Biaya (RKAB) untuk tahun ini.
Sujatmiko menyebut, rencana produksi 550 juta ton itu mencakup semua jenis perizinan yang berada dalam tahap operasi produksi. Mulai dari PKP2B, IUPK, dan IUP. "Target produksi batubara ini wajib diacu oleh perusahaan dalam merencanakan jumlah produksi batubara dalam RKAB Tahun 2021," katanya kepada Kontan.co.id, Senin (7/12).
Menurut Sujatmiko, penetapan target tersebut sudah mempertimbangkan upaya pengendalian produksi batubara nasional. Di samping itu, sambungnya, Ditjen Minerba telah mempunyai aplikasi Minerba Online Monitoring System (MOMS) yang digunakan untuk memantau dan mengendalikan realisasi produksi setiap perusahaan.
"Pengendalian produksi batubara nasional dilakukan dengan memberikan persetujuan atas total rencana produksi perusahaan dalam RKAB Tahun 2021 maksimal sebesar 550 juta ton," ujar Sujatmiko.
Sebelumnya, berdasarkan informasi yang didapat Kontan.co.id, Dari total alokasi produksi 550 juta ton tersebut, sebesar 351,44 juta ton atau 64% sebagai alokasi bagi perusahaan dalam kewenangan pemerintah pusat. Sisanya sebesar 36%...
Daily News Update Page 4
The remaining 36% or 198.56 million is allocated for companies with regional
government authorities.
Of the total planned production of 351.44 million tons in 2021 under the authority of
the central government, it will be allocated to the Coal Mining Exploitation Work
Agreement (PKP2B) of 294.66 million tons, mining business permits (IUP) for SOE
production operations (OP) of 24.20 million tons, central IUP OP amounting to
0.10 million tons and Foreign Investment IUP OP as much as 32.48 million tons.
Contacted separately, Director of PT ABM Investama Tbk (ABMM) Adrian Erlangga,
the production target of 550 million tons is still ideal with market prospects and coal
prices next year. "It's enough for a while, while waiting for economic development
as well," said Adrian.
The Corporate Secretary of PT Bukit Asam
Tbk (PTBA) Apollonius Andwie is also optimistic that the target will be set
according to future market prospects. He also believes that the state-owned coal
company can support the achievement of these targets.
"Looking at the future prospects that are
expected to improve and prices have started to increase. We believe that next
year's production and sales performance will be better ," said Andwie to
Kontan.co.id, Monday (7/12).
Meanwhile, PT Adaro Energy Tbk (ADRO)
is still anticipating the market next year which is projected to be still challenging.
Therefore, ADRO Head of Corporate Communication Febrianti Nadira said that
her party prefers to focus on maintaining healthy margins and continuity of supply
to customers.
Sisanya sebesar 36% atau 198,56 juta di-alokasikan bagi perusahaan kewenangan
pemerintah daerah.
Dari total rencana produksi 351.44 juta ton
di 2021 yang menjadi kewenangan peme-rintah pusat akan dialokasikan kepada
Perjanjian Karya Pengusahaan Pertam-bangan Batubara (PKP2B) sebesar 294.66
juta ton, izin usaha pertambangan (IUP) operasi produksi (OP) BUMN sebanyak
24.20 juta ton, IUP OP pusat sebesar 0,10 juta ton dan IUP OP PMA sebanyak 32.48
juta ton.
Dihubungi terpisah, Direktur PT ABM
Investama Tbk (ABMM) Adrian Erlangga, target produksi 550 juta ton itu masih ideal
dengan prospek pasar dan harga batubara di tahun depan. "Untuk sementara sih
cukup, sambil menanti perkembangan ekonomi juga," ungkap Adrian.
Sekretaris Perusahaan PT Bukit Asam Tbk (PTBA) Apollonius Andwie juga optimistis
penetapan target tersebut bisa sesuai dengan prospek pasar ke depan. Dia pun
yakin perusahaan batubara plat merah itu bisa mendukung ketercapaian target
tersebut.
"Melihat prospek ke depan yang diper-
kirakan akan membaik dan harga sudah terlihat mulai meningkat. Kami percaya
bahwa kinerja produksi dan penjualan tahun depan akan lebih baik," ungkap
Andwie kepada Kontan.co.id, Senin (7/12).
Sementara itu, PT Adaro Energy Tbk (ADRO) masih mengantisipasi pasar tahun depan yang diproyeksikan masih menantang. Oleh sebab itu, Head of Corporate Communication ADRO Febrianti Nadira menyampaikan bahwa pihaknya lebih memilih untuk berfokus mem-pertahankan marjin yang sehat dan kontinuitas pasokan ke pelanggan.
"We will also keep abreast of market developments by continuing to carry out operational activities as planned in the company's mines. In addition, we have diversified into the Adaro Mining pillar by entering into the coking coal business which we will continue to develop," concluded Nadira.
"Kami juga akan terus mengikuti perkem-bangan pasar dengan tetap menjalankan kegiatan operasi sesuai rencana di tambang-tambang milik perusahaan. Selain itu, kami telah melakukan diversifikasi dalam pilar Adaro Mining dengan masuk ke bisnis coking coal yang akan terus kami kembangkan," pungkas Nadira.
PTBA and Pertamina DME Project Cooperation Scheme
Signed This Month Hafiyyan & Finna U. Ulfah
THE STATE-owned coal mining company,
PT Bukit Asam Tbk. , is targeting the signing of a cooperation contract in the form of a Build Operate Transfer (BOT) related to the coal gasification project in December 2020.
BOT is a form of cooperation between parties where an object is built, managed or operated for a certain period of time and then handed over to the original owner.
President Director of Bukit Asam Arviyan Arifin said that the company is preparing a coal gasification project cooperation with AirProduct and Pertamina. The coopera-tion scheme is carried out in the form of BOT.
"We hope this December we can sign a partnership with partners [Pertamina and AirProduct] ," said Arviyan during a meeting with the Indonesian Parliament, Monday (7/12/2020).
For information, the issuer coded PTBA shares is developing coal extraction by building a coal processing plant into dymethyl ether (DME) located in Tanjung Enim, South Sumatra.
Skema Kerja Sama Proyek DME PTBA dan Pertamina Diteken
Bulan Ini Hafiyyan & Finna U. Ulfah
EMITEN BUMN pertambangan batu bara,
PT Bukit Asam Tbk., menargetkan penanda-tanganan kontrak kerja sama dalam bentuk Build Operate Transfer (BOT) terkait proyek gasifikasi batu bara pada Desember 2020.
BOT adalah suatu bentuk kerjasama antara para pihak dimana suatu objek dibangun, dikelola atau dioprasikan selama jangka waktu tertentu lalu diserahkan kepada pemilik asli.
Direktur Utama Bukit Asam Arviyan Arifin mengatakan bahwa perseroan tengah menyiapkan kerja sama proyek gasifikasi batu bara dengan AirProduct dan Pertamina. Skema kerja sama yang dilakukan dalam bentuk BOT.
“Kami harapkan Desember ini bisa tanda tangan kerja sama dengan mitra [Pertamina dan AirProduct],” ujar Arviyan saat rapat dengan DPR RI, Senin (7/12/2020).
Untuk diketahui, emiten berkode saham PTBA itu tengah mengembangkan peng-hiliran batu bara dengan membangun pabrik pemrosesan batu bara menjadi dymethil eter (DME) yang berlokasi di Tanjung Enim, Sumatera Selatan.
The downstream project construction preparation is planned to start in mid-2021 and the operation target is in the second quarter of 2024.
Meanwhile, the total investment for the project is US$ 2.1 billion or around
Rp.29.68 tril l ion, assuming the Jisdor exchange rate on Monday (7/12/2020) is
at Rp.14,135 per US dollar.
Arviyan said that the investment value
would be fully or 100 percent borne by Air Products, while PTBA was responsible for
supplying coal for DME, and Pertamina would act as the buyer of DME products.
Thus, PTBA will not bear the burden of financial and construction risks. However,
PTBA has an option to acquire shares after the project is operational and produces gas
for 1 year.
"Construction and financial risks are with
investors. After 1 year of operation, namely in 2025, we have the option to buy shares
[of the DME project] up to 40 percent. After that, in 20 years this factory will be owned
by JV [joint venture] PTBA and Pertamina," said Arviyan.
The coal refinery will process as much as 6 million tons of coal per year and process it
into 1.4 million tons of DME which can be used as an alternative fuel to replace LPG.
The presence of DME as an alternative fuel can help reduce LPG imports and save
foreign exchange. Based on the calculation of the Coordinating Ministry for Maritime
Affairs and Investment, the country's potential savings could reach Rp 8.7
trillion.
According to Arviyan, the selling price of
DME will be worth US$ 420 per ton. This price is lower than the average LPG price
of around US$ 568 per ton.
Persiapan konstruksi proyek hilirisasi direncanakan dimulai pada pertengahan 2021 dan target operasi pada kuartal II/2024.
Adapun, total investasi proyek tersebut sebesar US$2,1 miliar atau sekitar Rp29,68 triliun dengan asumsi kurs Jisdor pada Senin (7/12/2020) di posisi Rp14.135 per dolar AS.
Arviyan menuturkan bahwa nilai investasi tersebut sepenuhnya atau 100 persen akan ditanggung oleh Air Product, sedangkan PTBA bertanggung jawab menyuplai kebutuhan batu bara untuk DME, dan Pertamina akan bertindak sebagai pembeli produk DME.
Dengan demikian, PTBA tidak akan menanggung beban risiko finansial dan konstruksi. Namun, PTBA memiliki opsi untuk mendapatkan saham setelah proyek tersebut beroperasi dan menghasilkan gas selama 1 tahun.
"Risiko konstruksi dan finansial ada di investor. Setelah 1 tahun operasi, yakni pada 2025, kita punya opsi beli saham [proyek DME] hingga 40 persen. Setelah itu, dalam 20 tahun pabrik ini akan dimiliki oleh JV [joint venture] PTBA dan Pertamina," ujar Arviyan.
Pabrik penghiliran batu bara tersebut akan mengolah sebanyak 6 juta ton batu bara per tahun dan diproses menjadi 1,4 juta ton DME yang dapat digunakan sebagai bahan bakar alternatif pengganti LPG.
Hadirnya DME sebagai bahan bakar alter-natif bisa membantu menekan impor LPG dan menghemat devisa negara. Berdasarkan hitungan Kementerian Koordinator Bidang Kemaritiman dan Investasi, potensi peng-hematan negara bisa mencapai Rp8,7 triliun.
Menurut Arviyan, harga jual DME nantinya bisa senilai US$420 per ton. Harga tersebut lebih rendah dibandingkan rata-rata harga LPG sekitar US$568 per ton.
Daily News Update Page 7
However, his party is waiting for a regulatory legal umbrella so that the government can divert subsidies from LPG to DME.
"Because both DME and LPG require subsidies. The difference is that LPG has variable subsidies, while we are trying to fix DME," he added.
The gasification business is very prospective for PTBA because it can take advantage of low-calorie coal reserves which are not selling well in the market. Currently, PTBA has coal reserves of around 3 billion tons, of which 2 billion tons are low calories, while 1 billion tons are high calories.
"Currently, we can only commercialize high calorie 4,800 Kcal/kg, there is 1 billion tonnes. Now, we can use the 2 bil l ion for gasi ficat ion," he explained. Editor: Hafiyyan
Namun demikian, pihaknya menunggu adanya payung hukum regulasi agar pemerintah dapat mengalihkan subsidi dari LPG ke DME.
"Karena baik DME maupun LPG mem-butuhkan subsidi. Bedanya LPG ini subsidinya variabel, sedangkan DME kita upayakan fix," imbuhnya.
Bisnis gasifikasi pun sangat propektif bagi PTBA karena dapat memanfaatkan cadangan batu bara kalori rendah yang kurang laku di pasaran. Saat ini, PTBA memiliki cadangan batu bara sekitar 3 miliar ton, dimana 2 miliar ton merupakan kalori rendah, sedangkan 1 miliar ton kalori tinggi.
"Saat ini yang bisa kita komersialisasi baru kalori tinggi 4.800 Kcal/kg, itu ada 1 miliar ton. Nah, yang 2 miliar ini bisa kita manfaatkan untuk gasifikasi," paparnya. Editor : Hafiyyan
Great! Freeport Predicted to
Print Revenues of Rp 12 T Next Year
Vadhia Lidyana - detikFinance
PT FREEPORT Indonesia (PTFI) is
projected to generate a net income of Rp 12.35 trillion (exchange rate of Rp 14,201) in 2021. This projection is very different from PTFI's financial condition in the last 2 years.
"In 2021 there will be a net income of US $870 million, and US$ 1.5 billion (Rp. 21.3 trillion) in 2022," said Director of the MIND ID Mining SOE Holding Orias Petrus Moedak in a hearing (RDP) with the Commission VII DPR RI, Monday (07/12/2020).
Mantap! Freeport Diramal Cetak
Pendapatan Rp 12 T Tahun Depan
Vadhia Lidyana - detikFinance
PT FREEPORT Indonesia (PTFI) diproyeksi akan mencetak pendapatan bersih atau net income sebesar Rp 12,35 triliun (kurs Rp 14.201) di tahun 2021. Proyeksi itu berbeda jauh dengan kondisi keuangan PTFI dalam 2 tahun terakhir.
"Di tahun 2021 ada net income US$ 870 juta, dan US$ 1,5 miliar (Rp 21,3 triliun) di 2022," ungkap Direktur Utama Holding BUMN Pertambangan MIND ID Orias Petrus Moedak dalam rapat dengar pendapat (RDP) dengan Komisi VII DPR RI, Senin (07/12/ 2020).
Pertamina collaborates with ADRO and INDY to develop coal
gasification into DME Reporter: Ridwan Nanda Mulyana | Editor:
Anna Suci Perwitasari
PT PERTAMINA (Persero) is collaborating
with two giant coal mining companies to develop a coal gasification program that can be processed into a substitute fuel for LPG, namely DME (Dimethyl Ether).
Pertamina signed a memorandum of under-standing on coal gasification strategic cooperation on Monday (7/12). The coal gasification program has actually been started by Pertamina some time ago. As a form of commitment, Pertamina continues this program by partnering with more coal companies, including PT Adaro Energy Tbk (ADRO) and PT Indika Energy Tbk (INDY).
ESDM Ministry's Director General of Mineral and Coal Ridwan Djamaluddin appreciated this step. According to him, this cooperation is very strategic considering that Indonesia has quite a lot of coal potential with low calories.
"We express our appreciation because this program will be our competitive advantage. With coal gasification, it can become an import substitution. And we are also trying to attract more investment, so that it can bring about a multiplier effect," Ridwan said in a written statement received by Kontan.co.id, Monday (7/12).
Pertamina's President Director Nicke Widyawati explained that the coal gasification program is a company effort to develop alternative energy with raw materials that are widely available in Indonesia while reducing LPG imports.
Pertamina gandeng ADRO dan INDY untuk pengembangan
gasifikasi batubara jadi DME Reporter: Ridwan Nanda Mulyana | Editor:
Anna Suci Perwitasari
PT PERTAMINA (Persero) menggandeng
dua perusahaan tambang batubara raksasa untuk pengembangan program gasifikasi batubara yang dapat diproses menjadi bahan bakar pengganti LPG, yaitu DME (Dimethyl Ether).
Pertamina menandatangani nota kesepahaman kerjasama strategis gasifikasi batubara pada Senin (7/12). Program gasifikasi batubara sebetulnya sudah dimulai Pertamina sejak beberapa waktu lalu. Sebagai bentuk komitmen, Pertamina melanjutkan program ini dengan menggandeng lebih banyak perusahaan batu-bara, diantaranya adalah PT Adaro Energy Tbk (ADRO) dan PT Indika Energy Tbk (INDY).
Direktur Jenderal Mineral dan Batubara Kementerian ESDM Ridwan Djamaluddin mengapresiasi langkah tersebut. Menurutnya, kerja sama ini sangat strategis mengingat Indonesia memiliki cukup banyak potensi batubara dengan kalori rendah.
“Kami menyampaikan apresiasi karena program ini akan menjadi keunggulan kompetitif kita. Dengan gasifikasi batubara, maka bisa menjadi subtitusi impor. Dan kita juga berusaha menarik investasi lebih banyak, sehingga dapat mendatangkan multiplier effect,” ujar Ridwan dalam keterangan tertulis yang diterima Kontan.co.id, Senin (7/12).
Direktur Utama Pertamina Nicke Widyawati menjelaskan, program gasifikasi batubara merupakan upaya perusahaan untuk mengembangkan energi alternatif dengan bahan baku yang banyak terdapat di Indonesia sekaligus mengurangi impor LPG.
However, she stressed the importance of applying the right technology in this program so as to reduce the feared environmental impact of using coal.
"The program to reduce imports of BBM and LPG is in line with Pertamina's future strategy to optimize natural resources as energy raw materials so as to reduce imports and the trade balance deficit. With the abundance of resources that Indonesia has and the right technology, environ-mental issues can be proven. That the coal gasification program to become DME replaces LPG will not be an environmental issue in Indonesia. The choice of technology is the key," she said.
Nicke added that this program needs to be supported by regulatory certainty in the future so that it becomes a stimulus to encourage economic, industrial growth and create jobs in Indonesia.
Furthermore, ADRO Commissioner Arini Saraswaty Subianto said that his party appreciated Pertamina's steps to develop coal gasification in order to support the government's efforts to increase coal value added programs.
"In addition to opening opportunities for business diversification and development for Adaro and Pertamina, we hope that this cooperation can bring many benefits to Indonesia, especially in efforts to increase national energy security, create new jobs, reduce the trade balance deficit, reduce the burden of subsidies on the State Budget, and become a catalyst for economic growth, both at the local and national levels," said Arini.
Meanwhile, the President Director of INDY, Arsjad Rasjid assessed that the cooperation to conduct a coal gasification study is a form of synergy between the Government, BUMN, and the private sector which is very strategic.
Namun ia menekankan pentingnya penerapan teknologi yang tepat dalam program ini sehingga dapat mengurangi dampak ling-kungan yang dikhawatirkan dari penggunaan batubara.
“Program pengurangan impor BBM dan LPG ini sejalan dengan strategi Pertamina ke depan untuk mengoptimalkan sumber daya alam sebagai bahan baku energi sehingga dapat mengurangi impor dan defis it neraca perdagangan. Dengan banyaknya sumber daya yang dimiliki Indonesia dan teknologi yang tepat, maka isu lingkungan dapat dibuktikan. Bahwa program gasifikasi batubara menjadi DME menggantikan LPG tidak akan menjadi isu lingkungan di Indonesia. Pemilihan teknologi menjadi kunci,” tegas dia.
Nicke menambahkan, program ini perlu didukung oleh kepastian regulasi ke depan-nya sehingga menjadi stimulus untuk men-dorong pertumbuhan ekonomi, industri dan menciptakan lapangan kerja di Indonesia.
Lebih lanjut, Komisaris ADRO Arini Saraswaty Subianto bilang, pihaknya meng-apresiasi langkah Pertamina untuk mengem-bangkan gasifikasi batubara dalam rangka mendukung upaya pemerintah pada program peningkatan nilai tambah batubara.
“Selain membuka peluang diversifikasi serta pengembangan bisnis bagi Adaro dan Pertamina, kami berharap kerja sama ini dapat membawa banyak manfaat bagi Indonesia, terutama dalam usaha untuk meningkatkan ketahanan energi nasional, menciptakan l apangan kerja baru, mengurangi defisit neraca perdagangan, mengurangi beban subsidi pada APBN, dan menjadi katalis untuk pertumbuhan ekonomi, baik di tingkat lokal maupun nasional,” ujar Arini.
Sementara itu, Direktur Utama INDY, Arsjad Rasjid menilai bahwa kerja sama untuk melakukan kajian gasifikasi batubara ini merupakan wujud sinergi antara Pemerintah, BUMN, dan swasta yang sangat strategis.
Daily News Update Page 11
"Indika Energy hopes that this initiative can encourage the development of qualified coal downstream technology, create new investments, and increase national economic growth," said Arsjad.
"Indika Energy berharap inisiatif ini dapat mendorong pengembangan teknologi hilirisasi batubara yang mumpuni, men-ciptakan investasi baru, dan meningkatkan pertumbuhan ekonomi nasional,” tutur Arsjad.
Tsingshan Approaches Freeport to Build a Smelter in Halmahera
Anisatul Umah, CNBC Indonesia
PT FREEPORT Indonesia (PTFI) admits
that it is currently being approached by the Tsingshan Group from China to build a new copper smelter in Halmahera, North Maluku.
Freeport Indonesia President Director Tony Wenas said that until now his party had not decided yet and this was still in the process of discussion.
"It is true that we were approached by Tsingshan, who also wanted to build a copper smelter in Halmahera, and we are still in the discussion stage," he said at the Hearing Meeting (RDP) at Commission VII DPR RI, Monday (07/12/2020).
According to Tony, the discussion referred to was that PTFI still wanted to know what method was used, when it would be completed, what the construction schedule would look like. Until now, he added, there was no agreement whatsoever.
"This is still in progress and there is no agreement whatsoever," he said.
Even though there is no agreement yet, he admits that he is very open to anyone interested in partnering with a company to build a copper smelter in Indonesia.
Freeport Didekati Tsingshan Buat Bangun Smelter di Halmahera
Anisatul Umah, CNBC Indonesia
PT FREEPORT Indonesia (PTFI) meng-akui
saat ini sedang didekati oleh Tsingshan Grup asal China untuk membangun smelter tembaga baru di Halmahera, Maluku Utara.
Direktur Utama Freeport Indonesia Tony Wenas mengatakan sampai saat ini pihaknya belum memutuskan dan ini masih dalam proses pembahasan.
"Memang benar kami di-approach Tsingshan yang berkeinginan juga membangun smelter tembaga di Halmahera, dan kami masih dalam tahap pembicaraan," ungkapnya dalam Rapat Dengar Pendapat (RDP) di Komisi VII DPR RI, Senin (07/12/2020).
Menurut Tony, pembicaraan yang dimaksud yakni PTFI masih ingin mengetahui metode seperti apa yang digunakan, kapan kira-kira bakal rampung, seperti apa jadwal pem-bangunannya. Sampai saat ini, imbuhnya, belum ada kesepakatan apa pun.
"Ini masih jalan terus pembicaraan dan belum ada kesepakatan apa pun," ujarnya.
Meski belum ada kesepakatan, namun pihaknya mengaku sangat terbuka dengan siapa pun yang tertarik ingin bermitra dengan perusahaan untuk membangun smelter tembaga di Indonesia.
Daily News Update Page 12
"It could be cheaper than us or faster than us. Of course we are open to partnering with them," he explained.
He further said that the smelter project in the JIIPE integrated industrial area, Gresik, East Java, was still as planned and last week the ESDM Ministry's Director General of Mineral and Coal Ridwan Djamaluddin paid a visit there. In the JIIPE area, his party has carried out a pile loading test.
"So, the pile test is at 16 points with a depth of about 15 meters," he said.
Meanwhile, Deputy Chairman of Commission
VII DPR RI, Eddy Soeparno, said that the construction of the copper smelter project has potential losses. Therefore, there needs to be a meeting point of several options.
"Because after all, we will find a balance between processing in the country and maintaining the economy so that companies can avoid losses," he explained.
(wia)
"Bisa lebih murah dari kami atau lebih cepat dari kami. Tentu saja kami terbuka untuk bermitra dengan mereka," paparnya.
Lebih lanjut dia mengatakan proyek smelter di kawasan industri terintegrasi JIIPE, Gresik, Jawa Timur, masih sesuai rencana dan pekan lalu Direktur Jenderal Mineral dan Batubara Kementerian ESDM Ridwan Djamaluddin melakukan kunjungan ke sana. Di kawasan JIIPE ini pihaknya telah me-lakukan pile loading test tiang pancang.
"Jadi, pile test di 16 titik dengan kedalaman sekitar 15 meteran," ujarnya.
Sementara itu, Wakil Ketua Komisi VII DPR RI Eddy Soeparno mengatakan, pembangun-an proyek smelter tembaga memiliki potensi kerugian. Oleh karena itu, perlu adanya titik temu dari beberapa opsi yang ada.
"Karena bagaimana pun, kita akan mencari keseimbangan antara melakukan processing di dalam negeri dan menjaga keekonomian sehingga perusahaan bisa terhindar dari kerugian," jelasnya. (wia)
MIND ID Supports Freeport Find Partners to Build Smelters
Rio Indrawan
MINERAL Industry Indonesia (MIND ID),
the holding holding of the State Owned Enterprise (BUMN) mining company, supports PT Freeport Indonesia's smelter construction plan through a partnership strategy.
Orias Petrus Moedak, President Director of MIND ID, said that the holding basically welcomes if the investment costs for the smelter construction that must be disbursed can be reduced. Currently, the fund needed to build a smelter is only US$ 3 billion.
MIND ID Dukung Freeport Cari Mitra Bangun Smelter
Rio Indrawan
MINERAL Industry Indonesia (MIND ID),
induk holding Badan Usaha MIlik Negara (BUMN) tambang mendukung rencana pembangunan smelter PT Freeport Indonesia melalui strategi kemitraan.
Orias Petrus Moedak, Direktur Utama MIND ID, mengungkapkan pada dasarnya holding menyambut baik jika biaya investasi pembangunan smelter yang harus digelontorkan bisa ditekan. Saat ini kebutuhan dana untuk membangun smelter baru mencapai US$3 miliar.
Daily News Update Page 13
"From the MIND ID position because it affects capital expenditure (capex), we support if there is spending lower than the initial estimate. We also consider other options. The latest is with Tsingshan, where the contribution is smaller than the beginning,” said Orias during a hearing with Commission VII of the DPR, Monday (7/12).
It's just that Orias has not been able to confirm the continuation of cooperation with the steel company from China because talks are still in the early stages.
According to Orias, the talks between Freeport Indonesia and Tsinghan have the potential not to end quickly because of the changing of the year.
"The stage is still in early talks. "We want to move fast, but we understand that with Tsingshan, there are two new years that have an impact on the speed of decision making," said Orias.
Tony Wenas, President Director of Freeport Indonesia, said that the initial talks with Tsingshan had been carried out to find out the method of cooperation and the time frame for the smelter cons-truction.
"It is true that Tsingshan's approach to building a copper smelter in Halmahera is still in the discussion stage. We want to know the method, capacity, construction schedule. It's still in talks, there's no agreement yet," said Tony.
According to Tony, if indeed the results of the discussion on the cooperation will benefit Freeport Indonesia compared to building its own smelter, the management will be happy with the news. Even moving the smelter construction site from Gresik to Halmahera. It's just that To ny emphasized that the final decision remains in the hands of the government.
“Dari posisi MIND ID karena ini ber-pengaruh ke capital expenditure (capex), kami mendukung kalau ada spending lebih rendah dari perkiraan awal. Opsi lain juga kami pertimbangkan. Yang terbaru dengan Tsingshan, di mana kontribusi lebih kecil dari awal,” kata Orias disela rapat dengar dengan Komisi VII DPR, Senin (7/12).
Hanya saja Orias belum bisa memastikan kelanjutan kerja sama dnegan perusahaan baja asal negeri Tiongkok itu karena pembicaraan masih dalam tahap awal.
Menurut Orias, pembicaraan antara Freeport Indonesia dan Tsinghan ber-potensi tidak akan bisa dengan cepat mencapai akhir karena adanya pergantian tahun.
“Tahapnya masih pembicaraan awal. Mau melangkah cepat tapi kami paham kalau dengan Tsingshan, ada dua kali tahun baru yang berdampak pada kecepatan peng-ambilan keputusan,” ungkap Orias.
Tony Wenas, Direktur Utama Freeport Indonesia, mengatakan pembicaraan awal dengan Tsingshan sudah dilakukan untuk mengatahui metode kerja sama hingga jangka waktu pembangunan smelter.
“Benar kami di-approach Tsingshan yang mau bangun smelter tembaga di Halmahera, masih tahap pembicaraan. Kami mau tahu metodenya seperti apa, kapastias, jadwal pembangunan. Masih pembicaraan, belum ada kesepakatan,” kata Tony.
Menurut Tony, jika memang dari hasil pembahasan kerja sama nanti meng-untungkan Freeport Indonesia dibanding membangun smelter sendiri maka mana-jemen dengan senang hati berita. Bahkan memindahkan lokasi pembangunan smelter dari Gresik ke Halmahera. Hanya saja Tony menegaskan keputusan akhir tetap berada di tangan pemerintah.
Daily News Update Page 14
"If it is economically and technically more feasible, we would prefer it (cooperation with Tsingshan). We want to explore, but whatever is done will ask the government for direction. Even if Tsingshan is economical and technically possible, of course we will ask the government for direction," said Tony.
According to Tony, Freeport will not be closed down, only in talks with Tsinghan, which was initiated by the government. Apart from that, the management is also open if there are other companies interested in participating in the construction of the Freeport smelter which became one of the main requirements when Freeport changed from a Contract of Work (KK) to a Special Mining Business Permit (IUPK).
"We are open to anyone who wants to build a smelter faster and cheaper than us. We are open to them," he said.
The involvement of partners in smelter construction is a new chapter in the endless Freeport drama. Frerport management has often stated that the Freeport smelter project is a loss project even though Freeport has agreed to build a smelter as one of the conditions for obtaining a contract extension until 2041 at the Grasberg mine, Papua.
Previously, Freeport McMoran, a PTFI shareholder, also suggested that a new smelter should not be built . As a replacement, Freeport Indonesia is advised to develop the smelter facility that it currently has in Gresik.
Richard Adkerson, President and Chief Executive Officer (CEO) of Freeport McMoRan, said that Freeport has had a smelter facility that has been in operation for a long time. So in fact, it only remains to increase the capacity and quality by adding precious metal facilities.
“Kalau secara ekonomis dan teknis lebih memungkinkan, kita prefer itu(kerja sama dengan Tsingshan). Kami mau explore, tapi apapun yang dilakukan akan minta arahan pemerintah. Kalaupun dari Tsingshan sudah ekonomis dan technically memungkinkan, tentu kita minta arahan pemerintah,” ungkap Tony.
Menurut Tony, Freeport tidak akan tertutup hanya melakukan pembicaraan dengan Tsinghan yang diinisiasi oleh pemerintah. Di luar itu manajemen juga terbuka jika ada perusahaan lain yang berminat untuk ikut serta dalam pembangunan smelter Freeport yang jadi salah satu syarat utama ketika Freeport berubah dari Kontrak Karya (KK) menjadi Izin Usaha Pertambangan Khusus (IUPK).
“Kami terbuka pada siapapun juga yg mau bangun smelter lebih cepat dan lebih murah dari kami, kami terbuka dengan mereka,” ujar dia.
Keterlibatan mitra dalam pembangunan smelter adalah babak baru dalam drama Freeport yang tidak berkesudahan. Mana-jemen Frerport sudah kerap kali menyatakan bahwa proyek smelter Freeport adalah proyek rugi padahal membangun smelter sudah di-sepakati Freeport sebagai salah satu syarat mendapatkan perpanjangan kontrak hingga 2041 di tambang Grasberg, Papua.
Sebelumnya Freeport McMoran salah satu pemegang saham PTFI juga mengusulkan agar smelter baru tidak perlu dibangun. Sebagai gantinya Freeport Indonesia disarankan agar mengembangkan fasilitas smelter yang sekarang telah dimiliki di Gresik.
Richard Adkerson, President dan Chief Executive Officer (CEO) Freeport McMoRan, mengungkapkan Freeport telah memiliki fasilitas smelter yang sudah lama dibangun dan beroperasi. Maka sebenarnya tinggal dilakukan peningkatan kapasitas dan kualitas dengan menambahkan fasilitas logam mulia.
Daily News Update Page 15
"So the alternative is, instead of building a new smelter, we could also expand the
existing Gresik smelter and add precious metal processing facilities," said Adkerson.
(RI)
“Jadi alternatifnya adalah, daripada mem-bangun smelter baru, bisa juga dengan
ekspansi smelter Gresik yang sudah ada dan menambahkan fasilitas pengolahan
logam mulia,” kata Adkerson. (RI)
MIND ID-Antam Is Ready to Form Battery Holding
Vadhia Lidyana - detikFinance
HOLDING BUMN Tambang MIND ID with
PT Antam Tbk will join the sub-holding of
BUMN battery for electric -powered
vehicles. The main project of the sub
holding is to build a battery factory.
Director of MIND ID Orias Petrus Moedak
said that the sub-holding had not yet been
formed, but was being prepared.
Apart from MIND ID and Antam, PT PLN
(Persero) and PT Pertamina (Persero) will
also join the sub holding. In terms of
shares, it is expected that each of the above
BUMNs will receive 25% each of the shares
of the battery sub holding.
"The establishment of Indonesian battery
holding has not yet occurred. In the sense that no PT has been formed yet. And it is
hoped that early next year there will be an agreement with potential partners," he
said at a hearing (RDP) with Commission VII DPR RI, Jakarta (Monday, 7/12/2020).
Even though the sub holding has not been
formed, both MIND ID and Antam are continuing negotiations with potential
investors, namely Contemporary Amperex Technology Co. Ltd. (CATL) and LG Chem.
MIND ID-Antam Siap-siap Bentuk Holding Baterai Vadhia Lidyana - detikFinance
HOLDING BUMN Tambang MIND ID dengan
PT Antam Tbk akan tergabung dalam sub holding BUMN baterai untuk kendaraan bertenaga listrik. Proyek utama dari sub holding itu adalah membangun pabrik baterai.
Direktur Utama MIND ID Orias Petrus Moedak mengatakan, sub holding itu memang belum terbentuk, namun tengah dipersiapkan.
Selain MIND ID dan Antam, PT PLN (Persero) dan PT Pertamina (Persero) juga akan tergabung dalam sub holding tersebut. Secara porsi saham, diharapkan setiap BUMN di atas mendapatkan porsi saham masing-masing 25% dari sub holding baterai.
"Untuk pendirian holding baterai Indonesia saat ini belum terjadi. Dalam artian belum satu PT yang dibentuk. Dan diharapkan awal tahun depan bisa ada kesepakatan dengan calon mitra," ungkapnya dalam rapat dengar pendapat (RDP) dengan Komisi VII DPR RI, Jakarta (Senin 7/12/2020).
Meski sub holding belum terbentuk, baik MIND ID maupun Antam terus melanjutkan negosiasi dengan calon investor yakni Contemporary Amperex Technology Co. Ltd. (CATL) dan LG Chem.
"Individually according to the assignment given by the Minister of BUMN, Antam continues with CATL, and Pertamina is leading the negotiations with LG. But together the entire team supports the leadership of the negotiations to these potential partners," he added.
Simultaneously, the two state-owned companies are also preparing the EV battery value chain from upstream to downstream.
"And in this battery value chain, from the mine, to the battery pack, and also into the recycling, i t can be agreed upon. Negotiations are ongoing with each party," continued Orias.
On the same occasion, Antam's Managing Director, Dana Amin, explained that his company has started mapping fields to ensure the availability of raw materials for battery factories. In this sense, Antam acts as a supplier of raw materials in the battery sub holding.
"This Joint Venture work has indeed started from the ownership of the mine land. The assets in the mine are certainly sufficient to bring Indonesia into this new era," concluded Amin. (dna/dna)
"Secara sendiri-sendiri sesuai penugasan yang diberikan oleh Pak Menteri BUMN, Antam melanjutkan dengan CATL, dan Pertamina memimpin negosiasi dengan LG. Tapi secara bersama-sama seluruh tim mendukung pimpinan negosiasi ke calon-calon mitra ini," imbuh dia.
Secara bersamaan, kedua perusahaan pelat merah itu juga tengah mempersiapkan value chain baterai EV dari hulu sampai ke hilir.
"Dan di dalam value chain baterai ini baik dari tambang, sampai ke battery pack, dan juga masuk kepada daur ulangnya itu bisa disepakati. Negosiasi berjalan terus dengan masing-masing pihak," sambung Orias.
Dalam kesempatan yang sama, Direktur Utama Antam Dana Amin menjelaskan, pihaknya sudah mulai memetakan lagan untuk menjamin ketersediaan bahan baku pabrik baterai. Dal am artian, Antam berperan sebagai pemasok bahan baku dalam sub holding baterai.
"Pekerjaan Joint Venture ini memang sudah dimulai dari kepemilikan lahan tambang. Aset ke tambang itu, dipastikan cukup untuk membawa Indonesia ke era baru itu," tutup Amin. (dna/dna)
Bukit Asam Asked for Regulations on the Transfer of
Subsidies from LPG to DME Muhammad Ridwan
PT BUKIT Asam Tbk. asked the govern-
ment to be able to divert l iquefied petroleum gas (LPG) subsidies to dymethyl ether (DME) so that these products can be more economical. President
Bukit Asam Minta Aturan Pengalihan Subsidi dari LPG ke
DME Muhammad Ridwan
PT BUKIT Asam Tbk. meminta peme-
rintah untuk bisa mengalihkan subsidi liquefied petroleum gas (LPG) ke dymethil ether (DME) agar produk tersebut bisa lebih ekonomis.
Director of Bukit Asam Arviyan Arifin explained that based on the studies that had been carried out, the DME project development had entered an economic scale. He said the DME price would be in the range of US$ 420 per ton, still cheaper than the average price of LPG at US$ 568 per ton.
According to Arviyan, the government could save more on subsidies if the LPG subsidies were diverted to DME. This is because the price structure for LPG and DME is different. One of the reasons is because LPG is a commodity, while DME is the result of product improvement.
"Both may need subsidies from the state, so we need a legal umbrella to be able to transfer subsidies from LPG to DME. If the government is a matter of subsidies, the difference between fixed subsidies and floating subsidies," he said in a hearing with Commission VII DPR, Monday (7/12/2020).
He explained the added value of developing a new stone downstream project into a DME was the presence of foreign investment entering Indonesia worth US$ 2.1 billion. In addition, there is the utilization of low calorie coal resources of 180 million tons for 30 years according to the age of the plant.
The use of DME is said to reduce government LPG imports by 1 million tonnes of LPG per year and save foreign exchange reserves of Rp 9.7 trillion or around Rp 290 trillion for 30 years.
In addition, there is the most potent potential for trade balance savings of Rp 5.5 per year or Rp 165 trillion for 30 years.
By being produced domestically, said Arviyan, DME products can increase national energy security and reduce dependence on imports of LPG by the government.
Direktur Utama Bukit Asam Arviyan Arifin menjelaskan berdasarkan kajian yang telah dilakukan, pengembangan proyek DME telah masuk dalam skala keekonomian. Dia mengatakan harga DME akan berada pada kisaran US$420 per ton, masih lebih murah dibandingkan dengan harga rata-rata LPG yakni US$568 per ton.
Menurut Arviyan, pemerintah bisa lebih menghemat subsidi apabila subsidi LPG dialihkan untuk DME. Pasalnya, struktur harga pada LPG dan DME memiliki per-bedaan. Salah satunya karena LPG merupa-kan barang komoditas sedangkan DME merupakan hasil peningkatan produk.
"Dua-duanya mungkin membutuhkan subsidi dari negara makanya perlu payung hukum untuk bisa pengalihan subsidi dari LPG ke DME. Kalau pemerintah ini kan soal subsidi kan bedanya fix subsidi sama floating subsidi," katanya dalam rapat dengar pendapat dengan Komisi VII DPR, Senin (7/12/2020).
Dia memaparkan nilai tambah dari pengem-bangan proyek hilirisasi batu baru menjadi DME adalah adanya investasi asing yang masuk ke Indonesia senilai US$2,1 miliar. Selain itu terdapat pemanfaatan sumber daya batu bara kalori rendah sebesar 180 juta ton selama 30 tahun sesuai dengan usia pabrik.
Pemanfaatan DME disebut bakal mengu-rangi impor LPG pemerintah sebesar 1 juta ton LPG per tahun dan menghemat cadangan devisa sebesar Rp9,7 triliun atau sekitar Rp290 triliun selama 30 tahun.
Di samping itu, terpadat potensi peng-hematan neraca perdagangan sebesar Rp5,5 per tahun atau Rp165 triliun untuk 30 tahun.
Dengan diproduksi di dalam negeri, kata Arviyan, produk DME dapat meningkatkan ketahanan energi nasional dan mengurangi ketergantungan impor LPG oleh pemerintah.
Daily News Update Page 18
"To produce 1 million LPG, only 6 million tons of coal [low calorie], if 20 years 120 million tons, while we have reserves of 2 bil l ion tons," he said. Ed itor: Amanda Kusumawardhani
"Untuk memproduksi 1 juta LPG cuma 6 juta ton batu bara [kalori rendah], kalau 20 tahun 120 juta ton, sedangkan kita punya cadangan 2 miliar ton," ungkapnya. Editor : Amanda Kusumawardhani
MIND ID Targets Freeport
Shares Purchase Debt to Be Paid in 2025
MINING Industry Indonesia (MIND ID),
the holding company of mining SOEs, is targeting the return of bonds or debt securities worth US$ 4 billion used to buy PT Freeport Indonesia's shares in 2018 and then be faster.
The target is that all funds can return in early 2025 or go forward a year compared to the original plan which was a maximum of 2026.
President Director of MIND ID and PT Indonesia Asahan Aluminum alias Inalum Orias Petrus Moedak said that the target for the refund was made taking into account the reference price for copper, which is now at the level of US$ 3 per ton, an increase from the previous level of only US$ 2.75 per ton.
He estimates that the increase in the reference price will support the company's revenue so that it can be used to speed up debt payments.
"We estimate that in early 2025 the buyback of US$ 4 bil l ion can be accelerated," said Orias during a meeting with Commission VII of the DPR, Monday (7/12).
MIND ID Targetkan Utang
Pembelian Saham Freeport Lunas 2025
MINING Industry Indonesia (MIND ID),
holding BUMN pertambangan menarget-kan pengembalian hasil penarikan obligasi atau surat utang senilai US$4 miliar yang digunakan untuk membeli saham PT Freeport Indonesia pada 2018 lalu bisa lebih cepat.
Targetnya, seluruh dana bisa kembali pada
awal 2025 atau maju setahun dibanding-kan rencana semula yang maksimal 2026.
Direktur Utama MIND ID sekaligus PT
Indonesia Asahan Aluminium alias Inalum Orias Petrus Moedak bilang target
pengembalian dana itu dibuat dengan memperhitungkan harga acuan tembaga
yang kini sudah berada di level US$3 per ton atau naik dari sebelumnya yang hanya
sebesar US$2,75 per ton.
Ia memperkirakan kenaikan harga acuan tersebut akan menopang pendapatan
perusahaan sehingga bisa digunakan untuk mempercepat pembayaran utang.
"Kami perkirakan awal 2025 bisa diper-cepat buyback US$4 miliar itu," ujar Orias
For information, the company withdrew US$ 4 billion in bonds. Of that amount, US$ 3.85 billion was used to pay for Freeport shares.
Meanwhile, the remaining US$ 150 million was used for refinancing. The bonds drawn consist of four maturities with an average coupon rate of 5.99 percent. First, US$ 1 billion with a 5.23 percent coupon and a tenor until 2021.
Second, US$ 1.25 billion with a coupon of 5.71 percent and a tenor of up to 2023. Third, US$ 1 billion with a coupon of 6.53 percent and a tenor of up to 2028.
Fourth, US$ 750 million with a coupon of 6.75 percent and a tenor of up to 2048. The bonds were drawn from a combination of borrowers, namely BNP Paribas from France, Citigroup from the US, and MUFG from Japan.
The three of them become underwriters coordinator in bond issuance. Meanwhile, CIMB Niaga and Maybank from Malaysia, SMBC Nikko from Japan, and Standard Chartered Bank from the UK are the underwriters.
Furthermore, Orias revealed that from the proceeds from the share purchase, Freeport hopes that later it can pocket a profit of around US$ 800 million next year. From this projection, the mining company in Papua could generate dividends of US$ 200 million to the state.
Freeport's profit is predicted to start to penetrate the range of US$ 1 billion to US$ 1.5 billion starting in 2022. That way, the dividends that can be paid may reach US$ 500 million.
"But 2020 exceeds the prediction, the figure is approximately US$ 700 million, but the agreement has not yet been made dividends (this year)," he said.
Sebagai informasi, perusahaan menarik obligasi US$4 miliar. Dari jumlah itu US$3,85 miliar digunakan untuk pemba-yaran saham Freeport.
Sementara itu sebesar US$150 juta sisanya digunakan untuk refinancing.
Obligasi yang ditarik itu terdiri dari empat masa jatuh tempo dengan tingkat kupon rata-rata 5,99 persen. Pertama, US$1 miliar dengan kupon 5,23 persen dan tenor sampai 2021.
Kedua, US$1,25 miliar dengan kupon 5,71 persen dan tenor hingga 2023. Ketiga, US$1 miliar dengan kupon 6,53 persen dan tenor sampai 2028.
Keempat, US$750 juta dengan kupon 6,75 persen dan tenor hingga 2048. Obligasi ditarik dari gabungan peminjam, yakni BNP Paribas dari Prancis, Citigroup dari AS, dan MUFG dari Jepang.
Ketiganya menjadi koordinator under-writer dalam penerbitan obligasi. Sementara CIMB Niaga dan Maybank dari Malaysia, SMBC Nikko dari Jepang, dann Standard Chartered Bank dari Inggris sebagai mitra underwriter.
Lebih lanjut, Orias mengungkapkan dari hasil pembelian saham tersebut, Freeport berharap nantinya bisa mengantongi laba sekitar US$800 juta pada tahun depan. Dari proyeksi itu, perusahaan tambang di Papua itu bisa menghasilkan dividen US$200 juta kepada negara.
Laba Freeport diramal bisa mulai tembus kisaran US$1 miliar sampai US$1,5 miliar mulai 2022. Dengan begitu, dividen yang bisa disetorkan mungkin mencapai US$500 juta.
"Tapi 2020 melebihi prediksi, angkanya kurang lebih US$700 juta, tapi kese-pakatannya belum ada dividen (tahun ini)," tuturnya.
Daily News Update Page 20
Freeport Indonesia President Director Clayton Allen Wenas estimates that this year's profit could reach US$ 700 million due to the increase in copper and gold prices. Meanwhile, in 2019, the company's revenue was only around US$ 366 million.
"Next year there will be more production than we planned. If the price of gold rises to US$ 1,850 per troy ounce, the income could be higher," said Tony, as he is usually called, on the same occasion. (uli/agt)
Direktur Utama Freeport Indonesia Clayton Allen Wenas memperkirakan laba tahun ini bisa mencapai US$700 juta karena kenaikan harga tembaga dan emas. Semen-tara pada 2019, pendapatan perusahaan hanya sekitar US$366 juta.
"Tahun depan ada produksi lebih banyak dari yang kita rencanakan. Kalau harga emas naik jadi US$1.850 per troy ons, pendapatan bisa lebih tinggi," kata Tony, sapaan akrabnya, pada kesempatan yang sama. (uli/agt)
Production of electric vehicles is getting more intense, nickel prices have the potential to
recent times. It had touched its highest level at US$ 16,455 per ton on Friday (27/11). Then the price moved down to US$ 15,954 per ton.
Although, referring to Bloomberg, on Friday (4/12), the price of nickel in the three-month delivery contract has returned to a level of US$ 16,399 per ton.
Central Capital Futures analyst Wahyu Laksono said that the current nickel price movement is still reasonable. According to him, every time there is a positive trend of strengthening, then there will be a correction. However, with good funda-mentals, nickel will rebound again and continue its strengthening trend.
This is reflected in the movement of nickel throughout this year. In the first quarter of 2021, nickel prices fell by 19.73% following the pandemic. However,...
Produksi kendaraan listrik makin gencar, harga nikel
dalam beberapa waktu terakhir. Sempat menyentuh level tertingginya di US$ 16.455 per ton pada Jumat (27/11). Lalu harga bergerak turun ke US$ 15.954 per ton.
Walaupun, merujuk Bloomberg, pada Jumat (4/12), harga nikel kontrak pengiriman tiga bulanan sudah kembali naik ke level US$ 16.399 per ton.
Analis Central Capital Futures Wahyu Laksono menyebut pergerakan harga nikel saat ini tergolong masih wajar. Menurutnya, setiap terjadinya tren positif penguatan, lalu akan disusul dengan terjadinya koreksi. Namun, dengan fundamental yang baik, nikel pun akan kembali rebound dan melanjutkan tren penguatan.
Hal ini tercermin dari pergerakan nikel sepanjang tahun ini. Pada kuartal I-2021, harga nikel sempat jatuh hingga 19,73% seiring terjadinya pandemi. Namun,...
Daily News Update Page 21
However, in the second quarter of 2020, nickel rebounded up to 13.85%. In fact, the upward trend continued in the third quarter of 2020, it was noted that nickel rose again by 13.85%.
"Actually, the movement of industrial metals, including nickel, is following the trend of copper prices, and copper prices are still in a positive trend. Moreover, nickel reserves on the London Metal Exchange (LME) were recorded to be lower than the previous month, while demand remains high," Wahyu explained to Kontan.co.id, Monday (7/12).
Fundamentally, Wahyu said nickel was shrouded in positive sentiment as the need for batteries for electric vehicles remained high even in the midst of the corona virus pandemic. Nickel itself is used as one of the main ingredients in electric car batteries, of course, also has increased demand.
In fact, Giga Metal reports, the availability of nickel for lithium ion batteries could experience a deficit faster than component manufacturers estimate. One factor in the high demand for nickel is the efforts of Tesla, an electric vehicle manufacturer, which is increasingly producing electric cars.
Wahyu also said that the development and production of electric vehicles in China in the future will grow rapidly and massively. China has the ambition to become a country that is the center of electric vehicle production by 2025. This means that in the long term, the prospects for nickel will remain bright.
"Not only that, China is also targeting every factory in its country to produce products with higher value. And this requires more sophisticated technology to be able to produce quality products, and sophisticated technology always requires the presence of large amounts of nickel," added Wahyu.
Namun, pada kuartal II-2020, nikel berbalik rebound hingga 13,85%. Bahkan, tren kenaikan masih terus terjadi pada kuartal III-2020, tercatat, nikel kembali naik sebesar 13,85%.
“Sebenarnya pergerakan logam industri, termasuk nikel, itu mengekor tren harga tembaga, dan harga tembaga sendiri masih berada dalam tren positif. Apalagi, cadangan nikel di London Metal Exchange (LME) tercatat lebih rendah dibanding bulan sebelumnya, sementara permintaan tetap tinggi,” jelas Wahyu kepada Kontan.co.id, Senin (7/12).
Secara fundamental, Wahyu menyebut nikel diselimuti sentimen positif seiring kebutuhan akan baterai untuk kendaraan listrik tetap tinggi sekalipun di tengah pandemi virus corona. Nikel sendiri digunakan sebagai salah satu bahan utama baterai mobil listrik tentu ikut mengalami kenaikan permintaan.
Bahkan, Giga Metal melaporkan, keter-sediaan nikel untuk baterai lithium ion bisa saja mengalami defisit lebih cepat dari perkiraan pabrik pembuat komponen. Salah satu faktor tingginya permintaan nikel adalah upaya Tesla, salah satu pabrikan kendaraan listrik, yang semakin gencarnya produksi mobil listrik.
Wahyu juga bilang, pengembangan dan produksi kendaraan listrik di China ke depannya akan semakin berkembang pesat dan masif. China memiliki ambisi untuk menjadi negara yang menjadi pusat produksi kendaraan listrik pada 2025 mendatang. Artinya, secara jangka panjang, prospek nikel masih akan tetap cerah.
“Tak hanya itu, China juga menargetkan setiap pabrik di negaranya menghasilkan produk-produk dengan nilai yang lebih tinggi. Dan ini memerlukan teknologi yang lebih canggih untuk bisa menghasilkan produk berkualitas, dan teknologi yang canggih selalu mem-butuhkan keberadaan nikel dalam jumlah yang besar,” tambah Wahyu.
Daily News Update Page 22
With the demand for nickel that will remain high going forward, Wahyu estimates that the positive trend of nickel will not stop in the near future. Moreover, in December there will be another discussion about the stimulus that might push back on the US dollar. Practically commodities, including nickel, will benefit from this condition.
Meanwhile, for next year, apart from the development of electric car production, the vaccine sentiment and economic recovery, Wahyu mentioned, will still be one of the factors that will have an influence on nickel prices next year.
Wahyu projection, in the remainder of this year , nickel will continue to try to strengthen and penetrate the level of US$ 17,000 per ton. Meanwhile for 2021, nickel is likely to test its highest target level, namely, US$ 18,842 per ton which occurred in September last year.
This means that nickel is likely to move in the range of US$ 18,000 per ton next year.
Dengan permintaan akan nikel yang masih akan tetap tinggi ke depan, Wahyu mem-perkirakan tren positif nikel belum akan berhenti dalam waktu dekat. Apalagi, pada Desember ini akan kembali ada pem-bahasan soal stimulus yang mungkin menekan kembali dolar AS, praktis komo-ditas, termasuk nikel akan diuntungkan dengan kondisi ini.
Sementara untuk tahun depan, selain faktor perkembangan produksi mobil listrik, sentimen vaksin dan pemulihan ekonomi disebut Wahyu masih akan tetap menjadi salah satu faktor yang punya pengaruh terhadap harga nikel pada tahun depan.
Proyeksi Wahyu, pada sisa tahun ini, nikel masih akan terus mencoba menguat dan menembus level US$ 17.000 per ton. Sementara untuk 2021, nikel kemungkinan akan menguji target level tertingginya yakni, US$ 18.842 per ton yang terjadi pada September tahun lalu.
Artinya, nikel besar kemungkinan akan bergerak di kisaran US$ 18.000 per ton pada tahun depan.
Rally Continues, Coal Prices
Record Highest Since January Tirta Citradi, CNBC Indonesia
THE PRICE of coal continues to set new records. Now the price of the jet stone has managed to reach its highest level throughout 2020 surpassing the previous highest level in January.
Newcastle thermal coal futures contract price closed up 2.04% to US$ 77.35/ton. This is the highest closing price for this year. Previously,...
Reli Berlanjut, Harga Batu Bara
Rekor Tertinggi Sejak Januari Tirta Citradi, CNBC Indonesia
HARGA batu bara terus mencetak rekor terbarunya. Kini harga si batu legam itu sudah berhasil mencapai level tertinggi di sepanjang tahun 2020 melampui level tertinggi sebelumnya di bulan Januari.
Harga kontrak futures batu bara termal Newcastle ditutup melesat 2,04% ke US$ 77,35/ton. Ini menjadi harga penutupan tertinggi untuk tahun ini. Sebelumnya...
Daily News Update Page 23
Previously, the highest price for this actively transacted contract was at US$ 77.15/ton on January 13.
China's coal import restriction is considered as one of the factors that triggered the soaring price of this fossil energy commodity. With the tight supply that occurred in China, the domestic coal price soared.
Even on 4 December, China's domestic coal price had reached RMB648/ton or nearly US$ 100/ton. The Chinese boycott o f Australian coal has made the Bamboo Curtain country look for alternative supplies of coal from other producers such as Indonesia and South Africa.
This caused the price of coal in the two countries to rise. Like in Indonesia, for example, the benchmark coal price (HBA) in December has increased compared to the previous month to US$ 59.65/ton from US$ 55.71/ton the previous month.
The increase in coal prices of other countries in the end also resulted in a sharp increase in the price of Australian coal. Reuters reported that Indonesia's 4,200 Kcal/Kg calorie thermal coal price on December 4 reached US$ 33.42/ton and became the highest level since March.
China's coal imports from the seaborne market have fallen sharply in recent months, partly due to disputes with Australia, but also as part of efforts to limit annual imports.
Refinitiv estimates that seaborne imports in November were only 9.26 million tonnes, down from 10.15 million in October and no more than a third of 25.92 million tonnes in January this year.
The displeasure with Canberra can be seen from China's imports from Australia which came in only 695,000 tonnes in November, down from 2.25 million in October and only 7.3% of the 9.49 million tonnes seen in January, which was the strongest month this year.
Sebelumnya harga tertinggi untuk kontrak yang aktif ditransaksikan ini berada di US$ 77,15/ton pada 13 Januari lalu.
Pembatasan impor batu bara China dinilai sebagai salah satu faktor yang memicu melonjaknya harga komoditas energi fosil ini. Dengan pasokan ketat yang terjadi di China harga batu bara domestiknya melesat tinggi.
Bahkan pada 4 Desember lalu harga batu bara domestik China sudah mencapai RMB648/ton atau hampir US$ 100/ton. Boikot batubara Australia oleh China membuat Negeri Tirai Bambu mencari alternatif pasokan batu bara dari produsen lain seperti Indonesia dan Afrika Selatan.
Hal ini membuat harga batubara di kedua negara tersebut terangkat. Seperti di Indonesia misalnya harga batu bara acuan (HBA) bulan Desember mengalami pening-katan dibandingkan bulan sebelumnya men-jadi US$ 59,65/ton dari bulan sebelumnya di US$ 55,71/ton.
Kenaikan harga batu bara negara lain pada akhirnya juga berimbas pada peningkatan tajam harga batu bara Australia. Reuters melaporkan harga batu bara termal Indonesia berkalori 4.200 Kcal/Kg pada 4 Desember lalu mencapai US$ 33,42/ton dan menjadi level tertinggi sejak Maret.
Impor batu bara China dari pasar angkutan laut telah turun tajam dalam beberapa bulan terakhir, sebagian karena perselisihan dengan Australia, tetapi juga sebagai bagian dari upaya untuk membatasi impor tahunan.
Impor lintas laut pada November diperkirakan oleh Refinitiv hanya 9,26 juta ton, turun dari 10,15 juta pada Oktober dan tidak lebih dari sepertiga 25,92 juta ton pada Januari tahun ini.
Ketidaksenangan dengan Canberra dapat dilihat dari impor China dari Australia yang datang hanya 695.000 ton pada November, turun dari 2,25 juta pada Oktober dan hanya 7,3% dari 9,49 juta ton yang terlihat pada Januari, yang merupakan bulan terkuat tahun ini.
Daily News Update Page 24
But China has also bought less coal from its main supplier, Indonesia. November's imports from the Southeast Asian country totaled 3.88 million tonnes, up from 3.11 million in October, but well below 11.96 million in March. CNBC INDONESIA RESEARCH TEAM (twg/twg)
Tetapi China juga telah membeli lebih sedikit batu bara dari pemasok utamanya, Indonesia. Impor November dari negara Asia Tenggara itu mencapai 3,88 juta ton, naik dari 3,11 juta pada Oktober, tetapi jauh di bawah 11,96 juta pada Maret. TIM RISET CNBC INDONESIA (twg/twg)
Unstoppable Copper Price Increase
Lorenzo Anugrah Mahardhika
COPPER prices continue to strengthen in line with the prospect of clarity of US economic stimulus and improvement in demand for this commodity next year.
Reporting from Bloomberg on Monday (7/12/2020), the price of copper on Friday (4/12/2020) last week rose by 1.3 percent to the level of US$ 7,774 per metric ton, or the highest record since March 2013 in London. Metal Exchange (LME).
Meanwhile, copper prices on the London Metal Exchange as of Monday afternoon were monitored at US$ 7,760.50 per ton, an increase of 1.12 percent compared to the previous week's closing.
Copper prices show the sharpest strengthening trend in 10 years after China increased demand and supply disruptions at the start of the coronavirus pandemic. Copper prices have raced more than 75 percent from lows in March 2020.
A number of parties also predict that this positive trend will continue in line with the weakening of the US dollar, the projected increase in inflation and the positive plan for disbursement of stimulus. The prospect of a fiscal stimulus from the US became clearer after the news that the stimulus would be released ahead of the turn of the year.
Kenaikan Harga Tembaga Tak Terbendung
Lorenzo Anugrah Mahardhika
HARGA tembaga terus melanjutkan penguatan seiring dengan prospek kejelasan stimulus ekonomi AS dan perbaikan permintaan ter-hadap komoditas ini tahun depan.
Dilansir dari Bloomberg pada Senin (7/12/ 2020), harga tembaga pada Jumat (4/12/ 2020) pekan lalu sempat naik hingga 1,3 persen ke level US$7.774 per metrik ton, atau catatan tertinggi sejak Maret 2013 lalu di London Metal Exchange (LME).
Sementara itu, harga tembaga pada London Metal Exchange hingga Senin siang terpantau pada US$7.760,50 per ton atau menguat 1,12 persen dibandingkan penutupan pekan sebelumnya.
Harga tembaga menunjukkan tren penguatan paling tajam dalam 10 tahun setelah China meningkatkan permintaan dan adanya gangguan pasokan pada awal pandemi virus corona. Harga tembaga telah melesat lebih dari 75 persen dari posisi terendah pada Maret 2020 lalu.
Sejumlah pihak pun memperkirakan tren positif ini akan berlanjut seiring dengan melemahnya dolar AS, proyeksi naiknya inflasi, serta positifnya rencana pencairan stimulus. Prospek munculnya stimulus fiskal dari AS kian jelas setelah kabar stimulus tersebut akan dikeluarkan menjelang pergantian tahun.
This happened after the joint plan of the Republican and Democratic Party compromises. On the other hand, European countries have also started to boost their vaccination programs. The economic recovery supported by Covid-19 vaccination is expected to increase demand to a high level.
Bank of America's Head of Metals Research Michael Widmer said that currently the sentiment affecting the copper price rally is fully supported by macroeconomics.
"This factor is expanding until it reaches investors," he said as quoted by Bloomberg.
On the other hand, the fundamental condition of this commodity is also considered to be one of the pillars of the price increase. Market players' concerns about the low supply along with the emergence of the corona virus vaccine and the recovery in demand from China also helped boost copper prices.
CEO of Antofagasta Plc, a mining company from Chile, Ivan Arriagada said these are factors that are very profitable in terms of price.
Demand from China is also considered to show steady strengthening. "We estimate that global copper supply will experience a slight deficit next year," he said.
Data from the Chinese Bureau of Statistics show that China's manufacturing index (Purchasing Managers Index/PMI) was in the position of 52.1 in November, compared to 51.4 in October 2020. This figure is the highest gain China has ever gotten in the last three years.
RJO Futures Senior Asset manager John Caruso added that the copper price rally was influenced by a number of factors, namely infrastructure, prospects for solar power plant development, and demand from China.
Hal tersebut terjadi setelah rencana bersama dari kompromi Partai Republik dan Partai Demokrat. Di sisi lain, negara-negara Eropa juga mulai menggenjot program vaksinasi-nya. Pemulihan ekonomi yang didukung vaksinasi Covid-19 diperkirakan ikut me-ningkatkan permintaan ke level tinggi.
Head of Metals Research Bank of America Michael Widmer mengatakan, saat ini sentimen yang mempengaruhi reli harga tembaga sepenuhnya ditopang oleh makro-ekonomi.
“Faktor ini semakin meluas hingga mencapai para investor,” katanya dikutip dari Bloomberg.
Di sisi lain, kondisi fundamental komoditas ini juga dinilai menjadi salah satu penopang kenaikan harga. Kekhawatiran pelaku pasar terhadap pasokan yang minim seiring dengan kemunculan vaksin virus corona dan pemulihan permintaan dari China juga ikut mendorong harga tembaga.
CEO Antofagasta Plc, perusahaan pertam-bangan asal Chile, Ivan Arriagada mengata-kan, hal-hal tersebut adalah faktor-faktor yang sangat menguntungkan dari sisi harga. Permintaan dari China juga dinilai menun-jukkan penguatan yang stabil.
“Kami memperkirakan pasokan tembaga global akan mengalami sedikit defisit pada tahun depan,” katanya.
Data dari Biro Statistik China menunjukkan, indeks manufaktur (Purchasing Managers Index/PMI) China berada di posisi 52,1 pada November lalu berbanding 51,4 pada Oktober 2020. Angka tersebut merupakan perolehan tertinggi yang pernah didapat China dalam tiga tahun terakhir.
Senior Asset manager RJO Futures John Caruso menambahkan, reli harga tembaga dipengaruhi oleh sejumlah faktor, yakni infrastruktur, prospek pembangunan pem-bangkit listrik tenaga surya, serta per-mintaan dari China.
Daily News Update Page 26
He explained that the copper commodity will play an important role in the construction of solar power plants. In addition, the US Chosen President, Joe Biden, also plans to boost US infrastructure development which will result in an increase in US demand for copper.
Meanwhile, Caruso predicts that the copper price rally will continue until the next semester I/2021. However, Caruso assessed that the current copper price movement has jumped too far and too fast.
"It is possible that copper prices will be corrected again in the next two weeks," he said. Editor: Rivki Maulana
Ia menjelaskan, komoditas tembaga akan memainkan peranan penting dalam pembangunan pembangkit listrik tenaga surya. Selain itu, Presiden Terpilih AS, Joe Biden, juga berencana untuk menggenjot pembangunan infrastruktur AS yang akan berimbas pada kenaikan permintaan tembaga dari AS.
Adapun Caruso memprediksi reli harga tembaga akan berlanjut hingga semester I/2021 mendatang. Meski demikian, Caruso menilai pergerakan harga tembaga saat ini melonjak terlalu jauh dan terlalu cepat.
“Kemungkinan harga tembaga akan kembali terkoreksi dalam dua pekan mendatang,” katanya. Editor : Rivki Maulana
Metso Outotec launches overland conveyor range Nickolas Zakharia
METSO Outotec has launched a complete range of overland conveyors for long distance bulk
material transportation that promises to save costs and energy consumption in mining
applications.
The conveyor solutions are designed for open-pit and underground operations and provide economic and reliable material transportation with low ownership costs.
Up to 20,000 tonnes per hour capacity can be achieved with the overland conveyors, while 30 per cent of energy savings can be achieved with the Metso Outotec’s energy saving idlers.
Metso Outotec vice president, bulk material handling systems Lars Duemmel said conveying is the most safe and efficient option for bulk material transportation.
“In mining and minerals processing applications, conveying is one of the most efficient and
safest ways to transport bulk material. It is often referred as the backbone of the entire process,” he said.
“The robust design of our overland conveyors allows for capacities of up to 18,000 tonnes per hour including over 5 kilometres on a single flight for a seamless process.”
The design of the conveyors can enable fast installation and simple maintenance.
The conveyors are also capable of handling vertical and horizontal curves, Duemmel said.
Thanks to our extensive process engineering capability and proven installations around the world, we are able to support our customers with complete end-to-end conveyor solutions,” he said.
“This includes concept studies and definitions for all types of terrains and route types with horizontal and vertical curves.”
Metso Outotec provides sustainable technologies, services and end-trend solutions for heavy industries including minerals processing and metals refining.
China’s copper imports at six-month low MINING.COM Staff Writer
CHINA’s copper imports fell for a second consecutive month in November to a six-month low, customs data showed on Monday, as the closure of a favourable price arbitrage window made bringing in metal from overseas, as well as bonded storage, less attractive.
Arrivals of unwrought copper and copper products totalled 561,311 tonnes last month, the General Administration of Customs said. That was down 9.2% from 618,108 tonnes in October, but up 16.2% from November 2019.
China’s copper-intensive manufacturing sector grew at the fastest pace in over three years in November, according to an official survey whose sub-index for construction – in which copper is also widely used – likewise picked up as China boosts infrastructure spending.
This helped to propel copper prices to a seven-year high last week amid predictions of a “structural bull cycle” returning.
However, a spread between Shanghai and London copper prices that previously made shipping the metal to China profitable turned negative in November, signaling an end to the bumper arbitrage flows seen in previous months.
On Monday, copper futures for March delivery traded at $7,731.65 per tonne by 3:20 p.m. EST on the Comex. This represents a gain of 23.5% year-to-date.
Copper imports
Bonded copper inventories in China, where overseas metal is stored, have been building since the third quarter, underscoring the reduced purchases.
Imports from January to November were at 6.17 million tonnes, extending the annual record high that had been achieved in just 10 months.
China copper demand analyst He Tianyu at CRU Group said “the decline in copper imports was within expectations, as imports of the last six months were high.”
“Chinese demand for copper is still picking up on a monthly basis. This six-month low (in imports) only means that imports during the second-half this year have been high.”
Arrivals of copper concentrate came in at 1.83 million tonnes in November, customs said. That was up 8.3% from October, but down 15.1% from the record 2.157 million tonnes imported a year earlier.
Concentrate supply remains tight as miners and smelters negotiate treatment and refining charges for 2021. (With files from Reuters)
Metso Outotec strives for cost synergies, emission cuts with
warehouse optimisation Posted by Daniel Gleeson
METSO Outotec says it is proceeding with its program to consolidate its warehouse locations and transportation processes for spare parts, wear parts and related services globally, targeting increased availability, improved customer service and reduced CO2 emissions.
The optimisation of logistics is included in the company’s €120 million ($146 million) cost synergy target, accounting for more than €20 million of this amount.
The combined Metso Outotec network has covered more than 40 distribution centers. Once the network is optimised, the company will have 18 warehouses or distribution centres located in all main customer markets, it says.
The new operating model is using strong partners who have recognised global capabilities in providing competitive warehouse services, Metso Outotec added.
Consolidation work in Asia, Africa, China and Europe will be concluded in the near future, the company says. Metso Outotec already announced that warehouse operations in Finland will be consolidated and outsourced, and a new warehouse will be established in Helsinki. Simultaneously, the current spare and wear parts warehouse in Tampere will be closed.
The new model will be fully implemented by the end of the first half of 2021, it says.
Jarkko Aro, Senior Vice President of Customer Logistics at Metso Outotec, said: “Our target is to enable world-class logistics with easily scalable operations. Flexible, state-of-the-art warehouse operations will allow orders to be collected and dispatched to customers directly from central warehouses. The new model enables considerable savings in the end-to-end freight costs, streamlines transportation, and significantly reduces CO2 emissions.”
Aro added: “By the end of the third (September) quarter of 2020, we already achieved a 7% reduction of CO2 emissions in our logistics compared to 2019. We are extremely happy to be at the forefront with our CO2 reduction targets.”
Metso Outotec has announced it is targeting a net positive impact on the planet with a commitment to the 1.5 °C journey. This will be implemented through a sustainable offering, innovations and actions, and be measured by Science Based Targets aiming at a 50% reduction of emissions in its own operations by 2030, compared with 2019, and a 20% reduction of logistics emissions by 2025.
DUAL listed gold miner OceanaGold has been given new hope, after the Office of the President of the Philippines instructed the Department of Environment and Natural Resources to engage with the company and the Department of Finance to finalise the renewal of the financial or technical assistance agreement (FTAA).
Operations at OceanGold’s Didipio mine remain suspended, but the company has previously said that the operation was in a state of readiness that would allow for a rapid-restart either through lifting the restrictions imposed on access, or completing a renewal of the FTAA.
The ASX- and TSX-listed miner on Monday said that the order from the Office of the President comes after the recent grant of a certification of non-overlap to the company, which states that the FTAA area is outside of ancestral domain of the Indigenous Cultural Communities, or the Indigenous People.
“The company’s FTAA has the strong endorsement of the residents in the local communities in and around the Didipio mine, including Indigenous Peoples. The company looks forward to the continued engagement with the national government with the goal of finalising the FTAA renewal,” OceanaGold said in a statement.
Under the terms of the FTAA, Didipio’s net revenue (as defined in the FTAA) is shared with the Philippine government. The government’s share, which includes all taxes and royalties paid, is 60% and OceanaGold is entitled to 40%.
The FTAA includes a defined five-year recovery period during which time OceanaGold can recoup the capital investment made to develop and construct the mine. During the recovery period and on an ongoing basis, OceanaGold pays taxes, royalties, and other fees.
US, China trade tensions cause rare earths price surge Salomae Haselgrove
HEAVY rare earth producers are enjoying significant price gains brought about by global
trade tensions between the United States and China.
This has increased the commercial viability of the Northern Minerals’ Browns Range project in Western Australia, which is heavily influenced by dysprosium and terbium prices.
During 2020, the dysprosium price increased by 22 per cent from the start of the calendar year, according to data from Asian Metal.
On January 2, Asian Metal reported a dysprosium price of $US244 ($328.97) per kilogram which had risen to $US297 per kilogram by December 4.
The terbium price is also at its highest levels since 2012, representing a massive 93 per cent increase during 2020.
On December 4, terbium was trading at a daily mid-range price of $US958 per kilogram, significantly higher than its starting price of $US497 on January 2.
“The accelerated price increases in 2020 are likely linked to increasing trade tensions between the United States and China, which remains the dominant producer globally of heavy rare earths,” Northern Minerals chief executive officer Mark Tory explained.
“In addition to global trade volatility, the disruption caused by COVID-19 will potentially act as a catalyst around the world for countries to focus on investment in more sustainable infrastructure projects, including renewable energy capacity, as part of their economic recovery initiatives.
“We are also seeing an acceleration of government policy settings around the world to further incentivise the purchase of electric and hybrid drivetrain vehicles, while at the same time, disincentivise the purchase of new diesel and petrol-engine vehicles.”
One of these incentives was the Western Australian Government announcing the state’s first ever electric vehicle strategy, a move welcomed by Northern Minerals.
The $21 million electric vehicle fund included a commitment to building one of the largest electric vehicle charging networks in the world from Perth to Kununurra.
Column: China scores coal own goal as domestic, import prices surge By Clyde Russell
CHINA may have shot itself in the foot with its restrictions on coal imports, with domestic
prices surging just as the peak winter demand period gets under way.
A second blow is the sharp increase in the price of imported coal from the seaborne market. This also appears largely related to China’s effective ban on imports from Australia, the world’s largest exporter of coking coal used to make steel, and the second-largest of thermal coal, used to generate power.
The curbs on Australian imports appears to have had the effect of boosting the price of seaborne alternatives, such as those from Indonesia and South Africa. Perhaps ironically the increase in these prices has dragged Australian thermal coal higher as well.
China may be facing the least desirable outcome in its coal sector - domestic prices well above the government’s preferred range, and import prices also moving higher, making what little the country is buying from overseas more expensive than usual.
The situation in the coal sector may also be worsened by the potential disruption to the domestic market from the deaths of 23 miners at a mine in the southwestern city of Chongqing on Dec. 4.
The miners died after being trapped underground by what’s been called excessive levels of carbon monoxide gas at the Diaoshuidong coal mine, a private operation with an annual capacity of 120,000 tonnes.
While the loss of the mine’s output is minor, what could be more important is the likely safety checks usually imposed in the wake of such incidents.
China on Sunday ordered local authorities to “resolutely take decisive measures to effectively stop major accidents in coal mines from happening”, according to a statement published on the website of the Ministry of Emergency Management.
Even before the mine disaster, domestic thermal coal prices were rallying, with benchmark coal at Qinhuangdao reaching its highest since April 2017, ending at 648 yuan ($99.23) a tonne on Dec. 4.
The price has surged 39% since the low this year of 467 yuan in late April and early May, a time when China’s economy was still battling to regain momentum after the lockdowns implemented to contain the spread of the novel coronavirus.
While the authorities in Beijing don’t set a formal price target for thermal coal, it’s believed they seek to maintain the price within a band of around 520 to 570 yuan a tonne. That level is seen to be compatible with ensuring adequate profitability for mines, while keeping electricity prices under control.
IMPORTS ISSUES
When the price breaches the upper level of the informal target, what has happened in the past is that China allows imports to rise, with generally cheaper overseas coal forcing domestic prices lower.
Daily News Update Page 32
But Beijing’s ongoing, and increasingly bitter, dispute with Australia may make increasing imports at the current time somewhat unpalatable.
The problem for China is that while it can try to boost imports from other seaborne suppliers such as Indonesia, South Africa, the United States and Russia, it’s likely that this will involve a cost penalty. Also, there may not be sufficient free supply available on a short term basis.
China’s coal imports from the seaborne market have been falling sharply in recent months, partly as a result of the dispute with Australia, but also as part of efforts to limit annual imports.
Seaborne imports in November are estimated by Refinitiv at just 9.26 million tonnes, down from 10.15 million in October and not much more than a third of the biggest month so far in 2020, January’s 25.92 million.
The displeasure with Canberra can be seen by China’s imports from Australia coming in at a mere 695,000 tonnes in November, down from 2.25 million in October and just 7.3% of the 9.49 million tonnes seen in January, which was the strongest month this year.
But China has also been buying less coal from its top supplier Indonesia. November imports from the Southeast Asian nation stood at 3.88 million tonnes, which was up from 3.11 million in October, but well below the top month in 2020, which saw imports of 11.96 million in March.
In fact, for the first 11 months of the year, China’s imports from Indonesia were down 24%, while those from Australia were 11% lower.
If China were to try and boost thermal coal imports from countries other than Australia, it would find this comes at an increasing cost.
Indonesian coal with an energy value of 4,200 kilocalories per kilogram, as assessed by commodity price reporting agency Argus, rose to the highest since March in the week to Dec. 4, ending at $33.42 per tonne.
Coal at South Africa’s Richards Bay ended at $81.86 a tonne in the week to Dec. 4, the highest since mid-February and up 43% since the most recent low of $57.18 in mid-October.
The opinions expressed here are those of the author, a columnist for Reuters. Editing by Kenneth Maxwell
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