Daily News Update Page 1 TABLE OF CONTENTS No. Title Media Source Page 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. Adaro Targets Production of Coking Coal to Increase 100% Adaro Targetkan Produksi Coking Coal Naik 100% As of September 2020, Vale Indonesia (INCO) nickel production reached 55,792 metric tons Per September 2020, produksi nikel Vale Indonesia (INCO) tembus 55.792 metrik ton PTBA Boss: Coal Downstreaming Requires Many Incentives Bos PTBA : Penghiliran Batu Bara Membutuhkan Banyak Insentif RI's Key Mineral Reserves to be King of Batteries, These Are the Stages Cadangan Mineral Kunci RI Jadi Raja Baterai, Ini Tahapannya Aneka Tambang (ANTM) Prospects Polished Gold and Nickel Prices Prospek Aneka Tambang (ANTM) terpoles harga emas dan nikel This the Reason Bumi Resources (BUMI) Fasting to Pay Debt Principal Ini alasan Bumi Resources (BUMI) puasa bayar pokok utang Adaro Ready to Increase Coal Export Volume to China Adaro Siap Tingkatkan Volume Ekspor Batu Bara ke China PT Timah Revalidates Rare Earth Reserves, How Much? PT Timah Lakukan Revalidasi Cadangan Rare Earth, Ada Berapa? Interested in Downstreaming Projects, Adaro Explores Foreign Investors Minati Proyek Hilirisasi, Adaro Jajaki Investor Asing After a century of generating pollution, Bukit Asam is committed to changing its coal business model Setelah Satu Abad Hasilkan Polusi, Bukit Asam Komitmen Ubah Model Bisnis Batu Bara Dunia Energi Kontan Bisnis CNBC Indonesia Kontan Kontan Dunia Energi CNBC Indonesia Investor Daily Dunia Energi 3 4 6 8 11 14 16 18 20 22
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Daily News Update Page 1
TABLE OF CONTENTS
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Adaro Targets Production of Coking Coal to Increase 100% Adaro Targetkan Produksi Coking Coal Naik 100% As of September 2020, Vale Indonesia (INCO) nickel production reached 55,792 metric tons Per September 2020, produksi nikel Vale Indonesia (INCO) tembus 55.792 metrik ton PTBA Boss: Coal Downstreaming Requires Many Incentives Bos PTBA : Penghiliran Batu Bara Membutuhkan Banyak Insentif RI's Key Mineral Reserves to be King of Batteries, These Are the Stages Cadangan Mineral Kunci RI Jadi Raja Baterai, Ini Tahapannya Aneka Tambang (ANTM) Prospects Polished Gold and Nickel Prices Prospek Aneka Tambang (ANTM) terpoles harga emas dan nikel This the Reason Bumi Resources (BUMI) Fasting to Pay Debt Principal Ini alasan Bumi Resources (BUMI) puasa bayar pokok utang Adaro Ready to Increase Coal Export Volume to China Adaro Siap Tingkatkan Volume Ekspor Batu Bara ke China PT Timah Revalidates Rare Earth Reserves, How Much? PT Timah Lakukan Revalidasi Cadangan Rare Earth, Ada Berapa? Interested in Downstreaming Projects, Adaro Explores Foreign Investors Minati Proyek Hilirisasi, Adaro Jajaki Investor Asing After a century of generating pollution, Bukit Asam is committed to changing its coal business model Setelah Satu Abad Hasilkan Polusi, Bukit Asam Komitmen Ubah Model Bisnis Batu Bara
Dunia Energi Kontan Bisnis CNBC Indonesia Kontan Kontan Dunia Energi CNBC Indonesia Investor Daily Dunia Energi
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A series of reasons why Tesla wants to build a factory in RI Sederet Alasan Kenapa Tesla Mau Bangun Pabrik di RI Global Production Down, Copper Prices Raised Produksi Global Turun, Harga Tembaga Terdongkrak New Wärtsilä 128 MW plant to help power Grasberg underground ramp-up China’s imports are soaking up the world’s excess copper OZ Minerals sets sights on Prominent Hill production rise UPDATE 2-Antofagasta reports Q3 copper output fall but keeps guidance Coal India production growth no longer in negative territory Global platinum demand to decline 7% in 2020 – report South African coal industry to reach tipping point in 2025
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Daily News Update Page 3
Adaro Targets Production of Coking Coal to Increase 100%
Rio Indrawan
PT ADARO Energy is optimistic that the
development of coking coal or coking coal will be more advanced in the future. For this reason, management is ready to invest more. Coking coal is the main raw material for downstream steel.
In 2021, Adaro targets that coking coal production can increase to two times the current average.
Lie Luckman, Chief Financial Officer (CFO) of Adaro Energy, said that this year Adaro's coking coal production is between 1 and 1.1 million tons, which is produced from Adaro's coking coal mine in Central Kalimantan. The company said Lie next year that there will be a significant increase in coking coal production to reach more than 100 percent compared to the actual production so far.
"We are optimistic that this year AMC will reach 1-1.1 million. Next year, with the production process getting smoother, we will also get to know mining sequels more clearly and maintaince more clearly, production can be at least double this year," said Lie, Tuesday (20/10).
To support the achievement of this target, Lie said that this year the company will also start improving mining infrastructure in Central Kalimantan. This is done so that the smooth logistics system at Adaro Indonesia (thermal coal mine) can also be applied to the coking coal mine.
"We hope this year, because this is a new terrain, in Central Kalimantan. This condition is also upstream compared to AI. So we're studying our logistics path. Both the fuel and the transportation system," said Lie.
Adaro Targetkan Produksi Coking Coal Naik 100%
Rio Indrawan
PT ADARO Energy optimistis pengembangan
batubara kokas atau coking coal akan semakin maju kedepannya. Untuk itu manajemen siap berinvestasi lebih besar. Coking coal adalah bahan baku utama hilirisasi baja.
Adaro pada 2021 mentargetkan produksi coking coal bisa naik dua kali lipat dari rata-rata selama ini yang bisa diproduksi.
Lie Luckman, Chief Financial Officer (CFO) Adaro Energy, mengatakan pada tahun ini produksi coking coal Adaro antara 1 hingga 1,1 juta ton yang diproduksi dari tambang coking coal Adaro di Kalimantan Tengah. Perusahaan kata Lie tahun depan mematok ada peningkatan signifikan produksi coking coal bisa mencapai lebih dari 100% diban-dingkan dengan realisasi produksi selama ini.
“Kita optimis tahun ini AMC bisa sampai 1-1,1 juta. Tahun depan dengan semakin lancar proses produksi kita juga lebih mengenal mining sequel dan maintaince lebih jelas, produksi bisa minimal dobel dari tahun ini,” ujar Lie, Selasa (20/10).
Untuk mendukung pencapaian target tersebut Lie menuturkan tahun ini perusahaan juga akan mulai meningkatkan infrastruktur tambang di Kalimantan Tengah. Hal ini dilakukan agar sistem logistik yang sudah lancar di Adaro Indonesia (tambang batubara thermal) juga bisa diterapkan di tambang coking coal.
“Kami mengharapkan tahun ini, karena ini medannya juga baru, di Kalteng. Kondisinya juga ini kan lebih hulu dibandingkan AI. Jadi kami sedang pelajari jalur logistik kita. Baik masuknya fuel dan sistem pengangkutan,” ujar Lie.
Daily News Update Page 4
Garibaldi Thohir, President Director of Adaro Energy, admitted that the coking coal market itself is very large, both domestically and globally. The steel industry currently requires a sufficient supply of coking coal.
"I also see that the prospect of coking coal will be very good and this is our vision for the future as well. Our coking coal can be a big contributor too. There are exports and domestic. And there are also downstream products. This is a future prospect," said Garibaldi.
According to Garibaldi, the company must improve the logistics system for coking coal because with improved logistics, coking coal production in the future can also increase.
"The challenge is logistical issues. Our business model, but that's where it goes. We will carry out transportation from Central Kalimantan to the export and domestic markets in such a way, so that the business model that has been implemented in AI will be implemented again in coking coal,” said Garibaldi. (RI)
Garibaldi Thohir, Presiden Direktur Adaro Energy mengakui pasar coking coal sendiri memang sangat besar baik dalam negeri maupun pasar global . Industri baja sekarang ini membutuhkan pasokan coking coal yang cukup banyak.
“Saya liat juga prospek coking coal akan sangat baik dan ini visi kita kedepan juga. Coking coal kita bisa menjadi kontributor besar juga. Ada ekspor dan dalam negeri. Dan juga ada produk hilirisasi. Ini yang menjadi prospek kedepan,” ujar Garibaldi.
Menurut Garibaldi, perusahaan harus meningkatkan sistem logistik untuk coking coal karena dengan perbaikan logistik maka produksi coking coal kedepan juga bisa meningkat.
“Tantangannya masalah logistik. Bisnis model kami kan tapi kesana arahnya. Pengangkutan dari Kalteng ke pasar ekspor dan dalam negeri akan kami lakukan sede-mikian rupa, sehingga bisnis model yang sudah diterapkan di AI akan diterapkan lagi di coking coal,” kata Garibaldi. (RI)
As of September 2020, Vale Indonesia (INCO) nickel
production reached 55,792
metric tons Reporter: Akhmad Suryahadi | Editor:
Khomarul Hidayat
PT VALE Indonesia Tbk (INCO) nickel
production grew throughout the third quarter of 2020. In his official statement, Vale Indonesia CEO and President Director Nicolas Kanter said, INCO had produced 19,477 metric tons (MT) of nickel in matte during the third quarter of 2020.
Per September 2020, produksi nikel Vale Indonesia (INCO) tembus 55.792 metrik ton
(INCO) tumbuh di sepanjang kuartal III-2020. Dalam keterangan resminya, CEO dan Presiden Direktur Vale Indonesia Nicolas Kanter mengatakan, INCO telah memproduksi 19.477 metrik ton (MT) nikel dalam matte sepanjang triwulan ketiga tahun 2020.
This realization was 4% higher than the production volume generated in the second quarter of 2020 which was only 18,701 MT. Meanwhile, if accumulated, Vale Indonesia's nickel production in the first nine months of 2020 reached 55,792 MT, or 10% higher than production in the same period the previous year which was only 50,531 MT.
Nico welcomed INCO's operations in the third quarter which could grow better. Despite being in a pandemic situation, this constituent of the Kompas100 Index could produce higher production volumes. "We are grateful to all employees for their hard work in realizing this and are optimistic that they can meet the 2020 production target of around 73,000 tons," explained Nicolas, Monday (19/10).
Previously, on Wednesday (7/10), Vale Indonesia announced the completion of the sale (transfer) of 20% of its shares to PT Indonesia Asahan Aluminum (Inalum) or MIND ID. The 20% share divestment amounted to Rp 5.52 trillion, consisting of 1.98 billion shares.
The divestment process is carried out in order to fulfill INCO's obligations based on the Amendment to the Contract of Work dated 17 October 2014 signed by INCO and the Government of the Republic of Indonesia (Amendment to CoW). Under the COW Amendment, divestment is one of the obligations that this nickel issuer must fulfill to continue its operations after 2025.
After completing the divestment, INCO has prepared steps that will be taken in the near future. The Finance Director of Vale Indonesia, Bernardus Irmanto, said the next step that would be taken was of course implementing several agreements contained in the shareholder agreement.
Realisasi ini 4% lebih tinggi dibandingkan dengan volume produksi yang dihasilkan pada kuartal kedua 2020 yang hanya 18.701 MT. Sementara jika diakumulasikan, pro-duksi nikel Vale Indonesia pada sembilan bulan pertama 2020 mencapai 55.792 MT, atau 10% lebih tinggi dibandingkan dengan produksi pada periode yang sama tahun sebelumnya yang hanya 50.531 MT.
Nico menyambut baik operasional INCO pada triwulan ketiga yang dapat tumbuh lebih baik. Meskipun berada dalam situasi pandemi, konstituen Indeks Kompas100 ini bisa menghasilkan volume produksi yang lebih tinggi. “Kami berterima kasih kepada semua karyawan atas kerja kerasnya dalam mewujudkan hal ini dan optimis dapat memenuhi target produksi 2020 sekitar 73.000 ton,” terang Nicolas, Senin (19/10).
Sebelumnya, pada Rabu (7/10), Val e Indonesia mengumumkan penyelesaian penjualan (pengalihan) 20% sahamnya kepada PT Indonesia Asahan Aluminium (Inalum) atau MIND ID. Divestasi 20% saham ini berjumlah Rp 5,52 triliun yang terdiri dari 1,98 miliar saham.
Adapun proses divestasi ini dilakukan guna memenuhi kewajiban INCO berdasarkan Amandemen Kontrak Karya tanggal 17 Oktober 2014 yang ditandatangani oleh INCO dan Pemerintah Republik Indonesia (Amandemen KK). Berdasarkan Aman-demen KK, divestasi merupakan salah satu kewajiban yang harus dipenuhi oleh emiten nikel ini untuk melanjutkan operasinya setelah tahun 2025.
Pasca merampungkan divestasi, INCO pun telah menyiapkan langkah yang akan di-lakukan dalam waktu dekat. Direktur Keuangan Vale Indonesia Bernardus Irmanto mengatakan, langkah selanjutnya yang akan dilakukan tentu saja melaksana-kan beberapa kesepakatan yang tertuang dalam shareholder agreement.
One of them is conducting a debottle-necking study to see the opportunities to what extent INCO can maximize the current smelter production capacity.
"In addition, of course with the inclusion of directors and commissioners who are appointed by Inalum, it is hoped that there will be more discussions and synergies that can be carried out to support the company's strategy," said Bernardus to Kontan.co.id.
Meanwhile, INCO's production target until the end of the year is still at 73,700 metric tons, up from the previous year's production target of 71,000 metric tons. The increase in the production target was due to INCO's decision to postpone the construction of electric furnace 4 which was originally scheduled to be carried out in the fourth quarter of 2020, but was postponed to the second quarter of 2021.
Salah satu diantaranya melakukan debottlenecking study untuk melihat peluang sejauh mana INCO bisa me-maksimalkan kapasitas produksi smelter yang ada saat ini.
“Selain itu, tentu saja dengan masuknya direksi dan komisaris yang diangkat Inalum diharapkan semakin banyak diskusi dan sinergi yang bisa dilakukan untuk mendukung strategi perusahaan,” ujar Bernardus kepada Kontan.co.id.
Adapun target produksi INCO hingga akhir tahun masih di angka 73.700 metrik ton, naik dari target produksi tahun sebelumnya yang ada di angka 71.000 metrik ton. Naiknya target produksi ini disebabkan oleh keputusan INCO untuk menunda pembangunan tanur listrik 4 yang semula dijadwalkan akan dilakukan pada triwulan keempat 2020, diundur menjadi ke triwulan kedua tahun 2021.
PTBA Boss: Coal Downstreaming Requires Many Incentives
Denis Riantiza Meilanova
PRESIDENT Director of PT Bukit Asam Tbk. Arviyan Arifin welcomed the provisions in the Job Creation Law which regulates the imposition of a royalty of 0 percent for business actors who increase the added value of coal.
He said that coal downstreaming is a new industry that does require a lot of incentives from the government.
"Alhamdulil lah, the government is encouraging us to do downstream. It is proven in the Omnibus Law that 0 percent royalty incentives have been given to coal miners,...
Bos PTBA : Penghiliran Batubara Membutuhkan Banyak Insentif
Denis Riantiza Meilanova
DIREKTUR Utama PT Bukit Asam Tbk. Arviyan Arifin menyambut baik ketentuan dalam Undang-Undang Cipta Kerja yang mengatur mengenai pengenaan royalt i sebesar 0 persen bagi pelaku usaha yang melakukan peningkatan nilai tambah batu bara.
Dia mengatakan bahwa penghilirian batu bara merupakan industri baru yang memang memerlukan banyak insentif dari pemerintah.
"Alhamdulillah, pemerintah mendorong untuk kami melakukan hilirisasi. Terbukti di UU Omnibus Law telah diberikan insentif royalti 0 persen untuk penambang batu bara,...
RI's Key Mineral Reserves to be King of Batteries, These Are the
Stages Wilda Asmarini, CNBC Indonesia
THE COORDINATING Minister for
Maritime Affairs and Investment Luhut Binsar Pandjaitan revealed that Indonesia is a country rich in mineral resources where various types of mineral commo-dities exist in this country. Therefore, according to him, the large number of mineral resources could be the key for Indonesia to build a l ithium battery industry to electric cars.
Various mineral commodities such as nickel, bauxite, copper, cobalt, manganese, aluminum are in the country. However, he added, these could only be of value if they were processed and refined into metals and finished products before they were sold.
"Now, we all have our components (batteries to electric cars). We have nickel ore, copper, bauxite, these will become part of our electrical vehicle industry. This supply chain of metal materials from upstream to downstream is our dream, we have value. added," he said at the INDY FEST 2020 event on Monday (19/10/ 2020).
According to him, the government's plan to downstream the mineral industry is no longer just a discourse. He explained, for nickel processing, currently it has reached the stainless steel factory stage, not only selling nickel ore or producing ferronickel or Nickel Pig Iron (NPI).
Cadangan Mineral Kunci RI Jadi Raja Baterai, Ini Tahapannya
Wilda Asmarini, CNBC Indonesia
MENTERI Koordinator Bidang
Kemaritiman dan Investasi Luhut Binsar Pandjaitan mengungkapkan bahwa
Indonesia merupakan negara kaya akan sumber daya mineral di mana berbagai
jenis komoditas mineral ada di bumi pertiwi ini. Oleh karena itu, banyaknya
sumber daya mineral ini menurutnya bisa menjadi kunci bagi Indonesia untuk
membangun industri baterai lithium hingga mobil listrik.
Berbagai komoditas mineral seperti nikel,
bauksit, tembaga, cobalt, mangan, aluminium ada di Tanah Air. Namun
demikian, imbuhnya, itu semua baru bisa bernilai bila dilakukan pengolahan dan
pemurnian menjadi logam dan produk jadi sebelum dijual.
"Nah ini komponen-komponen (baterai
hingga mobil listrik) kita semua ada. Kita punya nickel ore, copper, bauxite, itu nanti
jadi bagian industri electrical vehicle kita. Supply chain material logam dari hulu ke
hilir ini lah mimpi kita, kita punya nilai tambah," tuturnya dalam acara INDY FEST
2020 pada Senin (19/10/2020).
Menurutnya, rencana pemerintah untuk
hilirisasi industri mineral ini bukan lagi sekedar wacana. Dia menjelaskan, untuk
pengolahan nikel, saat ini sudah sampai tahap pabrik stainless steel, bukan hanya
menjual bijih nikel atau memproduksi feronikel atau Nickel Pig Iron (NPI).
Daily News Update Page 9
In fact, several companies are currently building High Pressure Acid Leaching (HPAL) smelters. The product that is processed by HPAL smelter will be Mix Hydroxide Precipitate (MHP) or Mix Sulphide Precipitate (MSP). This product is the embryo of nickel sulphate or cobalt sulphate which is the raw material for lithium battery components. When this battery factory is built, the electric car factory will also develop.
In addition, he continued, this downstream nickel is also moving into the manu-facturing process of chemicals and nickel alloy.
"This is all on the way. In the past, we used to mine, there was no value added, now there is value added, technology we get, we get taxes, added value we get and so on. That's what we've lost for decades. President Jokowi asked us to do it. that," he said.
Likewise with bauxite. According to him, the bauxite industry is currently also being directed to produce primary ingots which can then be processed again into wire rods, billets, slabs and alloys. Then it is further developed into a cable, slug factory, and in the end it is hoped that a factory for electronics, pipes, foil, to the fuselage of the aircraft can be built.
He said that currently the bauxite smelter in Bintan is being directed to produce wire rods and billets. Currently, bauxite has only arrived at smelter grade alumina and chemical grade alumina.
According to him, the downstreaming of bauxite is important because the added value is more than three times that of producing only bauxite. He said that the increase in export value from bauxite to alumina could reach 3.95 times, then alumina to aluminum ingots, an increase in export value of 2.8 times.
Bahkan, beberapa perusahaan tengah membangun smelter High Pressure Acid Leaching (HPAL). Produk hasil olahan smelter HPAL ini nanti bisa berupa Mix Hydroxide Precipitate (MHP) maupun Mix Sulphide Precipitate (MSP). Produk ini merupakan cikal bakal nickel sulphate atau cobalt sulphate yang menjadi bahan baku komponen baterai lithium. Bila pabrik baterai ini terbangun, maka nantinya pabrik mobil listrik juga akan berkembang.
Selain itu, lanjutnya, hilirisasi nikel ini juga tengah bergerak ke dalam proses pem-buatan chemicals dan nickel alloy.
"Ini semua sedang jalan. Dulu kita mining saja, tidak ada value added, sekarang ada value added, teknologi kita dapat, pajak kita dapat, nilai tambah kita dapat dan seterusnya. Itu yang berpuluh-puluh tahun kita hilang. Presiden Jokowi meminta kita lakukan itu," tuturnya.
Begitu juga dengan bauksit. Menurutnya industri bauksit kini juga tengah diarahkan memproduksi primary ingot yang lantas bisa diolah lagi menjadi wire rod, billet, slab, dan alloy. Lalu dikembangkan lagi menjadi pabrik kabel, slug, dan pada akhirnya diharapkan bisa dibangun pabrik elektronika, pipa, foil, sampai ke badan pesawat terbang.
Dia mengatakan, saat ini smelter bauksit di Bintan tengah diarahkan untuk mem-produksi wire rod dan billet. Saat ini bauksit baru sampai pada pengolahan di smelter grade alumina dan chemical grade alumina.
Menurutnya, hilirisasi bauksit ini penting karena nilai tambahnya mencapai lebih dari tiga kali lipat dibandingkan hanya memproduksi bauksit. Dia mengatakan, peningkatan nilai ekspor dari bauksit menjadi alumina bisa mencapai 3,95 kali, lalu alumina jadi aluminium ingot, pening-katan nilai ekspornya sebesar 2,8 kali.
Daily News Update Page 10
Based on the data presented, the following is the volume and value of exports in 2018:
- Bauxite: volume of 8.65 million tons
a value of US$ 263 million price per ton is US$ 30 per ton.
- Alumina: volume 3.46 million tonnes
a value of US$ 1.038 billion price per ton is US$ 300 per ton.
- Aluminum ingots: volume 1.73 million tons
a value of US$ 2.94 billion price per ton is US$ 1,700 per ton.
"So, if you are in business, look at the added value figures, from bauxite to
alumina, then to aluminum ingots," he said.
The same is true for the copper smelter.
Now the government is also encouraging copper mining companies, especially PT
Freeport Indonesia to build a copper smelter that processes concentrate into
cathodes. In fact , the government is targeting downstream copper products to
reach cables, distribution and transmission power cables, household appliances, and
even electric cars.
"So, you who are young must think ahead,
not just an instantaneous business, it must be a value added business, so that if this
copper and nickel smelter runs, we can make cellphones and all kinds in Indonesia
because it has entered the global supply chain," he explained. (wia)
Berdasarkan data yang dipaparkan, berikut volume dan nilai ekspor pada 2018:
- Bauksit: volume 8,65 juta ton nilai US$ 263 juta harga per ton US$ 30 per ton.
- Alumina: volume 3,46 juta ton nilai US$ 1,038 miliar harga per ton US$ 300 per ton.
- Aluminium ingot: volume 1,73 juta ton nilai US$ 2,94 miliar harga per ton US$ 1.700 per ton.
"Jadi, kalau Anda berbisnis lihat lah angka-angka nilai tambah ini, dari bauksit ke alumina, lalu ke aluminium ingot," ujarnya.
Hal serupa pada smelter tembaga. Kini pemerintah juga mendorong perusahaan tambang tembaga, terutama PT Freeport Indonesia untuk membangun smelter tembaga yang mengolah konsentrat men-jadi katoda. Bahkan, pemerintah menarget-kan produk hilirisasi tembaga ini bisa sampai pada kabel, kabel listrik distribusi dan transmisi, peralatan rumah tangga, bahkan mobil listrik.
"Jadi, kamu yang muda harus berpikir ke depan, jangan bisnis yang seketika saja, harus bisnis yang ber-value added , sehingga kalau smelter tembaga dan nikel ini jalan, kita bisa buat handphone dan segala macam di Indonesia karena sudah masuk dalam global supply chain tadi," jelasnya. (wia)
Tambang Tbk (ANTM) recorded a good performance throughout the third quarter of 2020. Quoting the disclosure of information on the Indonesia Stock Exchange website, Wednesday (21/10), during the period July-September 2020, ANTM sold 6,967 kilograms (kg) gold or the equivalent of 223,994 oz (unaudited).
This realization shot up 147% compared to gold sales in the second quarter of 2020 which was only 2,818 kg or 90,600 ounces.
Samuel Sekuritas Indonesia analyst Dessy Lapagu assessed that ANTM has its own advantages because it has two commodities currently in an uptrend phase, namely gold and nickel.
Even though ANTM's year-on-year gold sales volume decreased 36.5% (third quarter 2019 sales reached 10,971 kg), Dessy assessed that this year's perfor-mance was still quite good considering the worsening demand for gold. ANTM gold sales increase of 147.2% on a quarterly basis with total sales for nine months reaching 14,882 kg representing 69% of the annual projection set by Samuel Sekuritas, which is 21,485 kg.
Previously, BUMN Minister Erick Tohir instructed the issuers who live in the Kompas100 Index to manage the Wabu Block, a gold mine from the shrinkage of the PT Freeport Indonesia (PTFI) area.
Prospek Aneka Tambang (ANTM) terpoles harga emas
dan nikel Reporter: Akhmad Suryahadi | Editor:
Wahyu T. Rahmawati
LINI bisnis penjualan emas PT Aneka Tambang Tbk ( ANTM) mencatatkan kinerja yang apik sepanjang kuartal ketiga 2020. Mengutip keterbukaan informasi di laman Bursa Efek Indonesia, Rabu (21/10), sepanjang periode Juli-September 2020, ANTM menjual 6.967 kilogram (kg) emas atau setara 223.994 oz (unaudited).
Realisasi ini melesat 147% dibandingkan dengan penjualan emas pada triwulan kedua 2020 yang hanya 2.818 kg atau 90.600 ons.
Analis Samuel Sekuritas Indonesia Dessy Lapagu menilai, ANTM memiliki ke-unggulan tersendiri karena memiliki dua komoditas yang saat ini sedang dalam fase uptrend, yaitu emas dan nikel.
Meskipun secara year-on-year volume pen-jualan emas ANTM menurun 36,5% (kuartal ketiga 2019 penjualan mencapai 10.971 kg), Dessy menilai performa tahun ini masih cukup baik mengingat adanya kekhawatiran pelemahan permintaan terhadap emas. Kenaikan penjualan emas ANTM sebesar 147,2% secara kuartalan dengan total penjualan selama sembilan bulan men-capai 14.882 kg telah mewakili 69% dari proyeksi tahunan yang dipasang oleh Samuel Sekuritas, yakni sebanyak 21.485 kg.
Sebelumnya, Menteri BUMN Erick Tohir mengamanatkan emiten penghuni Indeks Kompas100 ini untuk mengelola Blok Wabu, tambang emas hasil penciutan wilayah PT Freeport Indonesia (PTFI).
According to Dessy's initial understanding, in this assignment, ANTM would only be the manager. So, Dessy thinks this will not change ANTM's gold reserves.
If you quote ANTM's financial report in the first semester of 2020, the majority of cost of goods sold is still dominated by the cost of purchasing precious metals, which is Rp 5.7 trillion or 71.9% of the total cost of goods sold which reached Rp 7.9 trillion.
"However, of course we hope that apart from focusing on nickel mining, ANTM can also increase gold reserves so that it can increase its own gold production," said Dessy to Kontan.co.id, Wednesday (21/10).
Meanwhile, ANTM has also received blessings with the discourse on the formation of Holding Indonesia Battery which is the result of cooperation with several state-owned companies, such as PT Pertamina (Persero) and PT Perusahaan Listrik Negara (PLN). According to Dessy, the discourse really gave ANTM a positive sentiment, especially to distribute nickel ore production whose exports had been banned as of January 1, 2020.
"We assess this news positively and hope the certainty of project values such as feasibility studies and groundbreaking next year so that it can boost ANTM's overall performance," she continued.
Meanwhile, Mirae Asset Sekuritas Indonesia analyst Andy Wibowo Gunawan revised up the assumption of the average global gold price for the full year 2020 and next year to US$ 1,850 per troi ounce and US$ 1,800 per troi ounce, respectively. This assumption is up 8.8% and 2.9% from Mirae Asset's previous estimate.
This is in line with the economic recovery of the United States (US) which is still long and also the possibility that interest rates will remain low in the long term.
Sepemahaman awal Dessy, dalam penugasan ini, ANTM hanya akan menjadi pengelola. Sehingga, Dessy menilai hal ini tidak akan mengubah cadangan emas ANTM.
Jika mengutip laporan keuangan ANTM pada semester pertama 2020, mayoritas beban pokok penjualan masih didominasi oleh biaya pembelian logam mulia, yakni senilai Rp 5,7 triliun atau 71,9% dari total beban pokok penjualan yang mencapai Rp 7,9 triliun.
“Namun, tentunya kami berharap selain fokus ke tambang nikel, ANTM juga dapat menambah cadangan emas sehingga bisa meningkatkan produksi emas sendiri,” ujar Dessy kepada Kontan.co.id, Rabu (21/10).
Sementara itu, ANTM juga ketiban berkah dengan adanya wacana pembentukan Holding Indonesia Battery yang merupakan hasil kerja sama dengan beberapa per-usahaan milik negara, seperti PT Pertamina (Persero) dan PT Perusahaan Listrik Negara (PLN). Menurut Dessy, wacana tersebut sangat memberikan sentimen positif bagi ANTM terlebih untuk menyalurkan produksi nickel ore yang ekspornya telah dilarang per 1 Januari 2020.
“Kami menilai positif berita ini dan berharap kepastian nilai proyek seperti feasibility study serta groundbreaking pada tahun depan sehingga dapat mendorong performa ANTM secara keseluruhan,” sambung dia.
Sementara itu, Analis Mirae Asset Sekuritas Indonesia Andy Wibowo Gunawan merevisi naik asumsi harga emas global rata-rata untuk setahun penuh 2020 dan tahun depan menjadi masing-masing US$ 1.850 per ons troi dan US$ 1.800 per ons troi. Asumsi ini naik 8,8 % dan 2,9% dari perkiraan Mirae Asset sebelumnya.
Hal ini seiring pemulihan ekonomi Amerika Serikat (AS) yang masih panjang dan juga kemungkinan tingkat suku bunga yang masih akan rendah dalam jangka panjang.
Daily News Update Page 13
Mirae Asset has also revised up its nickel ore sales volume target for ANTM for this year, from 2 million wet metric tons (wmt) to 2.5 million wmt. Thus, after revising the increase in the average global gold price and also the assumption of ANTM's nickel ore sales volume, Mirae Asset Sekuritas increased ANTM's full -year revenue estimate for 2020 and 2021 to Rp 28.6 trillion and Rp 32.2 trillion. The new estimates are up 12.7% and 12.1% respectively from the previous estimate.
As a result, Mirae Asset has also revised ANTM's full year net profit estimate for this year and next year, to Rp 249 billion and Rp 386 billion (up 19.8% and 24.6% from the previous assumption).
Andy also raised the recommendation for ANTM's shares to buy with a higher target price. "We increased the ANTM price target from Rp 655 to Rp 960 after revising the revenue estimate," said Andy, Thursday (15/10).
One of the attractions of this state-owned issuer is that ANTM is the country's most diversified metal miner and has abundant nickel reserves.
Meanwhile, the latest target price from Samuel Sekuritas Indonesia is still at the level of Rp 960. Since the news about the formation of a nickel battery holding surfaced, ANTM's share price has indeed risen. Thus, Dessy is still waiting for the release of the performance in the third quarter of 2020 to revise the share price target and also ANTM's performance.
At the close of trading today, ANTM's share price rose 6.28% to Rp 1,100. As a result, since the beginning of the year or on a year-to-date basis, ANTM shares have returned up to 30.95%.
Mirae Asset juga merevisi naik target volume penjualan nickel ore ANTM untuk tahun ini, dari semula 2 juta wet metric ton (wmt) menjadi 2,5 juta wmt. Dus, setelah merevisi naik rata-rata harga emas global dan juga asumsi volume penjualan bijih nikel ANTM, Mirae Asset Sekuritas me-ningkatkan estimasi pendapatan setahun penuh ANTM untuk 2020 dan 2021 menjadi Rp 28,6 triliun dan Rp 32,2 triliun. Estimasi baru ini masing-masing naik 12,7% dan 12,1% dari perkiraan sebelum-nya.
Alhasil, Mirae Asset juga merevisi estimasi laba bersih ANTM full year pada tahun ini dan tahun depan, menjadi Rp 249 miliar dan Rp 386 miliar (naik 19,8% dan 24,6% dari asumsi sebelumnya).
Andy juga menaikkan rekomendasi saham ANTM menjadi beli (buy) dengan target harga yang lebih tinggi pula. “Kami me-ningkatkan target harga ANTM dari Rp 655 menjadi Rp 960 setelah merevisi per-kiraan pendapatan,” terang Andy, Kamis (15/10).
Adapun salah satu daya tarik emiten pelat merah ini adalah ANTM merupakan penambang logam tanah air yang paling terdiversifikasi dan memiliki cadangan nikel yang melimpah.
Sementara target harga terakhir dari Samuel Sekuritas Indonesia masih di level Rp 960. Sejak berita mengenai pembentukan holding baterai nikel mencuat, harga saham ANTM memang naik tinggi. Dus, Dessy masih menunggu rilis kinerja di kuartal ketiga 2020 untuk melakukan revisi target harga saham dan juga kinerja ANTM.
Pada penutupan perdagangan hari ini, harga saham ANTM naik 6,28% ke level Rp 1.100. Alhasil, sejak awal tahun atau secara year-to-date, saham ANTM telah memberi return hingga 30,95%.
This the Reason Bumi Resources (BUMI) Fasting to Pay Debt
Principal Reporter: Dityasa H. Forddanta | Editor:
Wahyu T. Rahmawati
PT BUMI Resources Tbk (BUMI) still
routinely repays its obligations. However, recently these installments are only for interest payments on the restructuring instrument part of tranche A, without principal installments.
In the eleventh installment for example. BUMI paid US$ 3.8 million in interest on October 16.
With these installments, BUMI's accumulated interest payments have already reached US$ 135.8 million. However, BUMI's accumulated principal installments are still US$ 195.8 million, unchanged since the beginning of this year.
That's because the last time BUMI paid both principal and interest was in the eighth installment, last January. During this period, BUMI paid US$ 4.6 million in principal installments along with US$ 7 million in interest.
BUMI Director Dileep Srivastama said that tranche A payments have been dependent on cash obtained from the company's coal operations and sales. However, coal prices are no longer at their highest level. "The fall in coal prices by 30%-40% in the past two years has affected our revenue," said Dileep to Kontan.co.id, recently.
Just so you know, the problem of BUMI's debt to a number of creditors ended peacefully. With conditions,...
Ini alasan Bumi Resources (BUMI) puasa bayar pokok
utang Reporter: Dityasa H. Forddanta | Editor:
Wahyu T. Rahmawati
PT BUMI Resources Tbk (BUMI) masih
rutin mengangsur kewajibannya. Namun, belakangan ini angsuran tersebut hanya untuk pembayaran bunga atas instrumen restrukturisasi bagian tranche A, tanpa angsuran pokok.
Pada angsuran kesebelas misalnya. BUMI membayar bunga senilai US$ 3,8 juta pada 16 Oktober.
Dengan angsuran tersebut, akumulasi pembayaran cicilan bunga BUMI memang sudah mencapai US$ 135,8 juta. Namun, akumulasi cicilan pokok BUMI masih sebesar US$ 195,8 juta, tidak berubah sejak awal tahun ini.
Itu karena terakhir kalinya BUMI meng-angsur pokok sekaligus bunga adalah pada angsuran kedelapan, Januari lalu. Pada periode ini, BUMI membayar cicilan pokok US$ 4,6 juta beserta bunga US$ 7 juta.
Direktur BUMI Dileep Srivastama mengata-kan, pembayaran tranche A selama ini tergantung dengan kas yang diperoleh dari operasional dan penjualan batubara perusahaan. Namun, harga batubara tak lagi berada di level tertinggi. "Jatuhnya harga batubara 30%-40% dua tahun belakangan ini mempengaruhi pendapatan kami," ujar Dileep kepada Kontan.co.id, belum lama ini.
Asal tahu saja, persoalan utang BUMI ter-hadap sejumlah kreditur berakhir damai. Dengan syarat,...
With conditions, BUMI is required to pay off its debt through a number of restructuring instruments, one of which is the new secured notes instrument which is divided into tranches A to C.
The tranche payments are adjusted to cash availability following the cash waterfall priority order. Cash waterfall is a scheme that ensures each creditor receives payment according to a previously agreed value.
For tranche A and B, the value is US$ 600 million each. Meanwhile, the tranche C value was US$ 406 million. Interest for tranche A is 7.5% per annum. Meanwhile, the interest for tranche B is 8%, and tranche C is 9% per year.
BUMI's debt payments can be completed faster if the coal reference price is higher than US$ 70 per tonne for 18 consecutive months from the effective date of debt repayment at the end of 2017.
BUMI's management was even optimistic
that tranche A could be completed early this year if coal prices were still at a high
level. Instead of strengthening, global coal prices have fallen. Thus, BUMI has time to
pay off the three tranches for five years from the effective date.
Dileep estimates that low coal prices are
expected to continue until the end of this year. "We estimate our revenue will be
25% lower than 2018," added Dileep.
BUMI posted revenues of up to US$ 1.11 billion throughout 2018. With an estimated
decrease of 25%, it means BUMI's revenue is around US$ 833.86 million. Meanwhile,
the realization of revenue until mid-term this year amounted to US$ 440.44
million.
Dengan syarat, BUMI wajib melunasi utangnya melalui sejumlah instrumen restrukturisasi, salah satunya instrumen new secured notes yang terbagi dalam tranche A hingga C.
Pembayaran tranche tersebut disesuaikan dengan ketersediaan kas mengikuti urutan prioritas cash waterfall. Cash waterfall merupakan skema yang memastikan setiap kreditur menerima pembayaran sesuai dengan nilai yang disepakati sebelumnya.
Untuk tranche A dan B, nilainya masing-masing US$ 600 juta. Sedangkan nilai tranche C sebesar US$ 406 juta. Bunga untuk tranche A sebesar 7,5% per tahun. Sedangkan bunga tranche B 8%, serta tranche C sebesar 9% per tahun.
Pembayaran utang BUMI bisa rampung lebih cepat jika harga acuan batubara lebih tinggi dari US$ 70 per ton selama 18 bulan berturut-turut sejak tanggal efektif pem-bayaran utang akhir akhir 2017.
Manajemen BUMI bahkan sempat optimistis tranche A bisa rampung awal tahun ini jika harga batubara masih berada di level tinggi. Alih-alih menguat, harga batubara global justru turun. Sehingga, BUMI memiliki waktu untuk melunasi ketiga tranche tersebut selama lima tahun sejak tanggal efektif.
Dileep memperkirakan, kondisi rendahnya harga batubara diperkirakan masih akan terjadi hingga akhir tahun ini . "Kami perkirakan pendapatan kami akan menjadi 25% lebih rendah dibanding 2018," imbuh Dileep.
BUMI membukukan pendapatan hingga US$ 1,11 miliar sepanjang 2018. Dengan perkiraan penurunan 25%, berarti pen-dapatan BUMI sekitar US$ 833,86 juta. Sedangkan realisasi pendapatan hingga paruh waktu tahun ini sebesar US$ 440,44 juta.
Daily News Update Page 16
Adaro Ready to Increase Coal Export Volume to China
Rio Indrawan
PT ADARO Energy Tbk (ADRO) welcomes
the steps taken by the Indonesian govern-ment to officially ask China to increase its purchases of coal from Indonesia. Moreover, China is one of the main coal export destinations for Adaro and Indonesia as a whole.
Garibaldi Thohir, President Director of Adaro Energy, said that if the government lobby is successful, it is hoped that it can boost sales from domestic coal production by increasing demand for coal from China.
According to Boy, Garibaldi's nickname, with the increase in exports, coal can help provide a positive impact on the country's foreign exchange.
"Considering that the political relations between China and Indonesia are better than other countries. I also appreciate Pak Jokowi and Pak Luhut. We pick up the ball, how can we increase our exports to China in this condition? By increasing exports to China, we can increase foreign exchange as well. So that the economy in the country is also moved,” Boy said in a virtual press conference, Tuesday (20/10).
The Indonesian government lobbied the Chinese government to increase trade in the coal sector. Luhut Binsar Pandjaitan, Coordinating Minister for the Economy and Investment, directly chaired a meeting with Chinese Foreign Minister Wang Yi in Yunnan, China, Friday (9/10).
Luhut asked China to increase imports from Indonesia, especially palm oil, coal, tropical fruit and swallow's nest, and encouraged...
Adaro Siap Tingkatkan Volume Ekspor Batu Bara ke China
Rio Indrawan
PT ADARO Energy Tbk (ADRO) menyam-but baik langkah pemerintah Indonesia yang secara resmi meminta China untuk meningkatkan pembelian batu bara asal Indonesia. Apalagi China menjadi salah satu tujuan utama ekspor batu bara Adaro dan Indonesia secara keseluruhan.
Garibaldi Thohir, Presiden Direktur Adaro Energy, mengungkapkan jika lobi peme-rintah sukses maka diharapkan bisa men-dongkrak penjualan dari produksi batu bara dalam negeri melalui peningkatan permintaan batu bara dari China.
Menurut Boy, sapaan akrab Garibaldi, dengan meningkatnya ekspor maka batu bara maka bisa membantu memberikan dampak positif terhadap devisa negara.
“Mengingat hubungan politik antara china ke indonesia kan lebih bagus ya dibanding-kan negara lain. Saya juga apresiasi sama pak Jokowi dan pak Luhut. Kita menjemput bola bagaimana nanti dalam kondisi ini bisa ditingkatkan ekspor kita ke China. Dengan meningkatkan ekspor ke China, kita bisa nambah devisa juga. Supaya ekonomi di tanah air juga tergerak,” kata Boy dalam konferensi pers virtual, Selasa (20/10).
Pemerintah Indonesia melobi pemerintah China agar meningkatkan perdangaan sektor batu bara. Luhut Binsar Pandjaitan, Menteri Koordinator Bidang Perekonomian dan Investasi, memimpin langsung per-temuan dengan Menteri Luar Negeri China Wang Yi di Yunnan, China, Jumat (9/10).
Luhut meminta China meningkatkan impor dari Indonesia khususnya kelapa sawit, batu bara, buah-buahan tropis dan sarang burung walet serta mendorong...
Daily News Update Page 17
and encouraged Chinese Customs to facilitate protocols for pineapples and bark
and swallow nest export permits for Indonesian exporters.
During the meeting, Minister Wang Yi gave
the green light to matters conveyed by Minister Luhut, and would ask related
Ministries in China to technically resolve issues concerning trade (imports),
dumping, and investment.
China has been the main destination for Indonesia's coal exports so far. Based on
the records of the Indonesian Coal Mining Association (APBI), almost 25 percent of
the portion of coal exports goes to the Bamboo Curtain country every year.
Meanwhile, Lie Luckman, Adaro Energy's Chief Financial Officer, admitted that
Adaro's coal exports last year with the goal of China reaching 10% of the total
production portion would not change much in 2020.
According to Luckman, if the Indonesian
government's lobbying for the Chinese government is successful and is realized
immediately in the remainder of this year, the hope is that in the fourth quarter,
exports will also increase, especially to China.
“2020, the composition doesn't move
much. Finally, with the band from China over Australia, we expect in the 4th
quarter there will be an increase in demand for Indonesia. This is what we are
trying and we hope there will be an increase,” said Lukman. (RI)
serta mendorong Bea Cukai China
memfasilitasi protokol untuk nanas dan
salak serta izin ekspor sarang burung
walet untuk eksportir Indonesia.
Dalam pertemuan tersebut menteri Wang
Yi memberikan lampu hijau terhadap hal-
hal yang disampaikan oleh Menteri Luhut,
serta akan meminta Kementerian terkait di
China untuk menyelesaikan secara teknis
isu-isu mengenai perdagangan (impor),
dumping, dan investasi.
China menjadi tujuan utama ekspor batu
bara Indonesia selama ini. Berdasarkan
catatan Asosiasi Pertambangan Batu Bara
Indonesia (APBI) hampir 25 persen porsi
ekspor batu bara ditujukan ke negeri Tirai
Bambu setiap tahun.
Sementara itu, Lie Luckman Chief Financial
Officer Adaro Energy mengakui pada tahun
lalu ekspor batu bara Adaro dengan tujuan
China mencapai 10% dari total produksi
porsi tidak akan berubah banyak pada
2020.
Menurut Luckman, jika lobi pemerintah
Indonesia ke pemerintah China sukses dan
langsung terealisasi di sisa tahun ini maka
harapannya pada kuartal IV ekspor juga
bisa meningkat, khususnya ke China.
“2020, komposisi enggak banyak bergerak.
Terakhir dengan adanya band dari china
atas Australia, kita harapkan kuartal 4
adanya peningkatan permintaan terhadap
Indonesia. Ini yang kita coba dan kita
harapkan ada peningkatan,” kata Lukman.
(RI)
Daily News Update Page 18
PT Timah Revalidates Rare Earth Reserves, How Much?
Anisatul Umah, CNBC Indonesia
INDONESIA is said to have the potential
for large rare earths elements. To ascertain how many rare earth resources are owned,
one of the State-Owned Enterprises (BUMN), namely PT Timah Tbk (TINS), is
calculating the amount of these reserves.
President Director of PT Timah, Mochtar Riza Pahlevi Tabrani, said that his party is
currently revalidating the company's rare earth reserve data.
He explained that tin minerals in PT Timah have associated minerals in the form of monazite, zircon, ilmenite and rutile. In the minerals following monazite, if it is broken down again, there will be radioactive minerals, namely thorium and rare earth metals.
According to him, PT Timah has made a pilot project in the context of solving the monazite mineral. This pilot project was carried out on a lab scale and he said it was going well. But for a commercial scale, he continued, the right technology is needed.
"We are currently revalidating reserves, considering that reserves of monazite minerals are by-products, so we must be able to understand and calculate accurately how many monazite minerals we have. Thus, when investing in the future, it is clear to what stage we will enter into the monazite mineral . processing of rare earth metal minerals," he explained in an interview with CNBC Indonesia, Wednesday (21/10/2020).
PT Timah Lakukan Revalidasi Cadangan Rare Earth, Ada
Berapa? Anisatul Umah, CNBC Indonesia
INDONESIA disebut-sebut memiliki potensi
rare earth atau unsur tanah jarang yang besar. Untuk memastikan berapa jumlah sumber daya tanah jarang yang dimiliki, salah satu Badan Usaha Milik Negara (BUMN) yakni PT Timah Tbk (TINS), tengah menghitung besaran cadangan tersebut.
Direktur Utama PT Timah Mochtar Riza Pahlevi Tabrani mengatakan pihaknya kini sedang melakukan revalidasi data cadangan rare earth yang dimiliki perseroan.
Dia menjelaskan, mineral timah yang ada di PT Timah memiliki mineral ikutan berupa monasit, zirkon, ilmenit, dan rutil. Di dalam mineral ikutan monasit, jika kembali di pecah, maka akan terdapat mineral radio aktif yakni thorium dan logam tanah jarang.
PT Timah menurutnya pernah membuat pilot project dalam rangka pemecahan mineral monasit tersebut. Pilot project ini dilakukan dalam skala lab dan menurutnya ini ber jalan baik. Tapi untuk skala komersial, lanjutnya, diperlukan teknologi yang tepat.
"Kami sedang revalidasi cadangan, meng-ingat cadangan dari mineral monasit adalah mineral ikutan, sehingga kami harus bisa memahami dan menghitung secara akurat berapa jumlah mineral monasit yang di-miliki. Dengan demikian, ketika ke depan melakukan investasi, sudah bisa jelas sampai tahap mana kami akan masuk dalam pengolahan mineral logam tanah jarang ini," jelasnya dalam wawancara bersama CNBC Indonesia, Rabu (21/10/2020).
Daily News Update Page 19
He said there were several stages in the investment for processing rare earth minerals, starting from breaking down monazite, processing rare earth minerals, and so on. Before arriving at this stage, the amount of reserves must be known in advance.
Furthermore, he said, PT Timah has been doing the exploration by himself. Mean-while, to determine technology, discussions are being held with several parties. However, until now there has been no binding discussion with potential partners because rare earth technology is not a common technology, so not many parties understand.
"In essence, we welcome to talk with several potential partners. If the technology is proven, proven, and can produce products from rare earths, we are ready to cooperate. Some come from Europe, China," he explained.
Unfortunately, he continued, due to the Covid-19 pandemic, it was difficult to communicate with potential partners because potential partners wanted to see the location and technical data. According to him, technical data is difficult to communicate through virtual communication.
"The most difficult thing is the processing technology," he explained.
Previously, the Director of Mineral Development and Business of the Ministry of Energy and Mineral Resources Yunus Saefulhak explained that three types of rare earth minerals had been identified, including monazite from PT Timah Tbk, which is a by-product. Then, the rare earth in bauxite is called scandium. Third, the rare earths in nickel which have begun to be studied.
"The policy, I think has been facilitated by the Coordinating Ministry for Maritime Affairs. There must be a direction where...
Dia menyebut ada beberapa tahapan dalam investasi untuk pengolahan mineral tanah jarang ini, mulai dari pemecahan monasit, pengolahan mineral tanah jarang, dan seterusnya. Sebelum sampai ke tahapan ini, besaran cadangan harus diketahui terlebih dahulu.
Lebih lanjut dia mengatakan, untuk eksplo-rasi selama ini dilakukan sendiri oleh PT Timah. Sementara untuk penentuan teknologi sedang dilakukan pembicaraan dengan beberapa pihak. Namun sampai saat ini belum ada pembicaraan yang mengikat dengan calon mitra karena teknologi rare earth bukan teknologi umum, sehingga tidak banyak pihak yang mengerti.
"Pada intinya, kami welcome berbicara dengan beberapa calon partner. Bila tekno-logi proven, terbukti, dan bisa menghasil-kan produk dari rare earth, kami siap untuk kerja sama. Ada dari Eropa, China," jelasnya.
Sayangnya, lanjutnya, akibat adanya pan-demi Covid-19 ini menyulitkan komuni-kasi dengan calon mitra karena calon mitra ingin melihat lokasi dan data teknis. Data teknis menurutnya sulit dikomunikasikan melalui komunikasi virtual.
"Yang paling sulit itu teknologi peng-olahannya," paparnya.
Sebelumnya, Direktur Pembinaan dan Pengusahaan Mineral Kementerian ESDM Yunus Saefulhak menjelaskan bahwa sudah ada tiga jenis mineral tanah jarang yang diidentifikasi, di antaranya yaitu monasit dari PT Timah Tbk, yang merupa-kan produk sampingnya. Lalu, rare earth yang ada di bauksit bernama skandium. Ketiga, tanah jarang pada nikel yang sudah mulai dilakukan kajian.
"Kebijakannya, saya kira sudah difasilitasi oleh Kemenko Maritim. Harus ada arah ke mana...
Daily News Update Page 20
There must be a direction where the industrial tree is going. So, it has to be from upstream to downstream, what is important is to save this monazite," he said on Wednesday (08/07/2020). (wia)
Harus ada arah ke mana pohon industrinya. Jadi, harus dari hulu ke hillir, yang penting adalah selamatkan monasit ini," ungkapnya pada Rabu (08/07/2020). (wia)
Interested in Downstreaming Projects, Adaro Explores Foreign
opportunities to partner with domestic and foreign investors to form a joint venture (JV) in a coal downstream project. The company conducts a cooperation study on downstream potential in eastern Indonesia.
Adaro Energy President Director Garibaldi Thohir said that his party supports the government's decision to encourage the downstreaming of coal as stipulated in the Employment Creation Act (UU). The company stil l sees opportunities for potential downstream products to be developed. For example, the coal gasification development project into dimethyl ether (DME).
"We as a national company support whatever the government needs. Because Indonesia's interests are number one. The downstream initiative, whether later on coal to methanol or coal to gas, will be selected according to the company's business model,” said Garibaldi during a virtual media gathering celebrating Adaro's 28th Anniversary, Tuesday (20/10).
Garibaldi Thohir, who is familiarly called Boy Thohir, explained that until now the company's coal mining location is indeed far from Java and Sumatra. Therefore,...
peluang menggandeng investor domestik maupun asing untuk membentuk perusahaan patungan (joint venture/JV) pada proyek hilirisasi batu bara. Perseroan melakukan studi kerja sama potensial hilirisasi di kawasan timur Indonesia.
Presiden Direktur Adaro Energy Garibaldi Thohir mengatakan, pihaknya mendukung keputusan pemerintah yang mendorong hilirisasi batu bara seperti tertuang dalam Undang-Undang (UU) Cipta Kerja. Perseroan masih melihat peluang produk hilirisasi yang potensial dikembangkan. Semisal, proyek pengembangan gasifikasi batu bara menjadi dimethyl ether (DME).
“Kami sebagai perusahaan nasional men-dukung apapun yang dibutuhkan pemerintah. Sebab kepentingan Indonesia adalah nomor satu. Inisiatif hilirisasi apakah nanti coal to methanol atau coal to gas, kami pilah-pilih yang sesuai model bisnis perusahaan,” kata Garibaldi saat media gathering perayaan HUT Adaro ke-28 secara virtual, Selasa (20/10).
Garibaldi Thohir yang akrab disapa Boy Thohir ini menjelaskan, hingga kini lokasi tambang batu bara perseroan memang terbilang jauh dari Jawa dan Sumatera. Karena itu,...
Daily News Update Page 21
Therefore, he hopes that downstream products can be developed in eastern Indonesia. He is optimistic that he can become a reliable partner because the company has large coal reserves and is supported by strong infrastructure.
"Our infrastructure is ready, starting from the power plant, manpower and ports. If there are foreign parties who want to work together, they will definitely see what Adaro is prepared for,” he explained.
During a pandemic, according to Garibaldi, his party tends to adopt a defense strategy. The company has not made any new expansions, for example in the logistics business. Meanwhile, in the electricity business, the company is targeting the Batang Steam Power Plant (PLTU) to operate commercially by the end of 2021. The company admits that this target has missed its original plan due to the Covid-19 pandemic.
As is known, the PLTU project with a capacity of 2x1,000 megawatts (MW) was worked on by Adaro with two partners, namely Electric Power Development Co Ltd (J-Power) and Itochu Corporation which are members of Bhimasena Power Indonesia (BPI). This project investment costs up to US$ 4.2 billion.
According to Garibaldi, the Batang PLTU construction experienced technical obstacles due to the Covid-19 pandemic. On the other hand, electricity supply from generators is in excess due to decreased demand for electricity consumption due to reduced activity amid the Covid -19 pandemic.
“We don't want any delays because this is beyond what was planned. We will pursue and discuss in detail with PLN. So we hope that by the end of next year the Batang project will run," he said.
Karena itu, pihaknya berharap produk hilirisasi bisa dikembangkan di wilayah timur Indonesia. Pihaknya optimistis dapat menjadi mitra yang andal lantaran per-seroan punya cadangan batu bara yang besar serta didukung infrastruktur yang kuat.
“Infrastruktur kami sudah siap, mulai dari power plant, tenaga kerja, dan pelabuhan. Kalau ada pihak asing yang ingin kerja sama, mereka pasti akan lihat kesiapan Adaro seperti apa,” jelas dia.
Saat pandemi, menurut Garibaldi, pihaknya cenderung memasang strategi bertahan. Perseroan tak melakukan ekspansi baru, semisal pada bisnis logistik. Sementara pada bisnis listrik, perseroan menargetkan Pembangkit Listrik Tenaga Uap (PLTU) Batang beroperasi komersial pada akhir 2021. Perseroan mengakui target tersebut meleset dari rencana awal karena pandemi Covid-19.
Seperti diketahui, proyek PLTU ber-kapasitas 2x1.000 megawatt (MW) ini digarap Adaro bersama dua mitranya, yakni Electric Power Development Co Ltd (J-Power) dan Itochu Corporation yang tergabung dalam Bhimasena Power Indonesia (BPI). Investasi proyek ini menelan dana hingga US$ 4,2 miliar.
Menurut Garibaldi, pembangunan PLTU Batang mengalami hambatan teknis karena pandemi Covid-19. Di sisi lain, pasokan listrik dari pembangkit sedang berlebih akibat permintaan konsumsi listrik menurun karena berkurangnya aktivitas di tengah pandemi Covid-19.
“Kami bukannya ingin ada keterlambatan karena ini di luar yang direncanakan. Kami akan kejar dan dalam pembicaraan detail dengan PLN. Jadi kami harap di akhir tahun depan proyek Batang berjalan," tutur dia.
Daily News Update Page 22
Meanwhile, Adaro Energy's Chief Financial Officer (CFO) Lie Luckman said, this year, the company tends to be careful in spending its capital expenditure (capex). The company has a capex budget of US$ 200 million, mostly for the mining business.
"For the capex in the logistics business, we only completed the purchase transaction of a barge which had become a commitment in the previous year. The value is not significant either," he concluded.
Coal Production
A decline in global coal demand which has an impact on the average selling price could impact Adaro Energy's financial performance. However , cutting coal production targets and demand in the fourth quarter of this year, which are expected to increase again, could be a positive sentiment for domestic coal issuers.
Previously, BRI Danareksa Sekuritas analyst Stefanus Darmagiri in his research revealed that the decline in world coal demand due to the Covid-19 pandemic had an impact on the decline in coal production targets by a number of domestic miners. The amount of cut the target ranges from 4-18% of the original target.
The decline in global coal demand, according to him, can be seen from data on India's coal imports which fell by 35.8% to 57 million tons during April-July 2020, in line with the abundant stock in the country. Japan also recorded a decline in coal imports by 3.6 percent to 62 million tons during the seven months of this year due to weakening demand for electricity along with low gas prices. Meanwhile, China's coal imports increased by 6.8% to 200 million tons during January-July this year.
Sementara itu, Chief Financial Officer (CFO) Adaro Energy Lie Luckman mengatakan, tahun ini, perseroan memang cenderung berhati-hati dalam mengeluarkan belanja modal (capital expenditure/capex). Per-seroan memiliki anggaran capex sebesar US$ 200 juta, mayoritas untuk bisnis pertambangan.
“Untuk capex di bisnis logistik, kami hanya menyelesaikan transaksi pembelian kapal tongkang yang sudah menjadi komitmen pada tahun sebelumnya. Nilainya pun tidak signifikan,” pungkas dia.
Produksi Batu Bara
Penurunan permintaan batu bara global yang berdampak pada rata-rata harga jual dapat mempengaruhi kinerja keuangan Adaro Energy. Namun, pemangkasan target produksi batu bara dan permintaan pada kuartal IV tahun ini yang diperkirakan kembali meningkat bisa menjadi sentimen positif terhadap emiten batu bara dalam negeri.
Sebelumnya, analis BRI Danareksa Sekuritas Stefanus Darmagiri dalam risetnya meng-ungkapkan, penurunan permintaan batu bara dunia akibat pandemi Covid-19 telah berimbas terhadap penurunan target pro-duksi batu bara oleh sejumlah penambang domestik. Besaran pemangkasan target berkisar 4-18% dari target semula.
Penurunan permintaan batu bara global, menurut dia, terlihat dari data impor batu bara India yang turun hingga 35,8% men-jadi 57 juta ton selama April-Juli 2020, seiring stok yang masih berlimpah di negara tersebut. Jepang juga mencatat penurunan impor batu bara hingga 3,6% menjadi 62 juta ton sepanjang tujuh bulan tahun ini karena dipicu oleh pelemahan permintaan listrik bersamaan dengan rendahnya harga gas. Sedangkan impor batu bara Tiongkok meningkat 6,8% menjadi 200 juta ton sepanjang Januari-Juli tahun ini.
Daily News Update Page 23
Demand is estimated to be lower in the second semester of this year, despite differences in the selling price of domestic and imported coal. This condition has made national mining companies cut their production volume target this year. Adaro Energy has announced a downward revision of this year's coal production volume target from 54-58 million tonnes to around 52-54 million tonnes. Editor: Jauhari Mahardhika ([email protected])
Permintaan tersebut diperkirakan lebih rendah pada semester II tahun ini, meskipun ada perbedaan harga jual batu bara dalam negeri dan impor. Kondisi tersebut membuat perusahaan pertam-bangan nasional memangkas target volume produksi tahun ini. Adaro Energy telah mengumumkan revisi turun target volume produksi batu bara tahun ini dari 54-58 juta ton menjadi sekitar 52-54 juta ton. Editor : Jauhari Mahardhika (jauhari@investor. co.id)
After a century of generating pollution, Bukit Asam is
committed to changing its coal business model
Rio Indrawan
ONE of the old coal mining companies in Indonesia, PT Bukit Asam Tbk (PTBA), a member of the holding of Mineral Industry Indonesia (MIND ID), is 100 years old or a century old.
Arviyan Arifin, President Director of Bukit Asam, admitted that so far the company has only mined and dredged coal without considering any added value.
Bukit Asam's first mining activity was carried out in 1800 in Sawahlunto, West Sumatra.
Just like now, in the past, coal extracted from the bowels of the earth was immediately burned at a Steam Power Plant (PLTU), so of course it immediately produced air pollution.
"So far, what we have been doing, Bukit Asam has been 100 years and since the Dutch era, it has been mining. It is directly used...
Setelah Satu Abad Hasilkan Polusi, Bukit Asam Komitmen Ubah Model Bisnis Batu Bara
Rio Indrawan
SALAH satu perusahaan tambang batu
bara tua di Indonesia PT Bukit Asam Tbk (PTBA), anggota holding Mineral Industry Indonesia (MIND ID) sudah berusia 100 tahun atau satu abad.
Arviyan Arifin, Direktur Utama Bukit Asam, mengakui selama ini perseroan hanya menambang dan mengeruk batu bara tanpa mempertimbangkan adanya nilai tambah.
Aktivtas penambangan Bukit Asam pertama dilakukan pada 1800 di Sawahlunto, Sumatera Barat.
Sama seperti sekarang, dulu batu bara yang diambil dari dalam perut bumi langsung dibakar di Pembangkit Listrik Tenaga Uap (PLTU), sehingga sudah barang tentu langsung menghasilkan polusi udara.
“Selama ini yang kami lakukan, Bukit Asam kan sudah 100 tahun dan sejak zaman Belanda sudah menambang. Itu langsung dipakai...
Daily News Update Page 24
It is directly used in PLTU which causes
high pollution, global warming effect, and
has no added value. Just dig, transport and
sell. It's finished,” said Arviyan in a virtual
discussion, Wednesday (21/10).
Until now, coal has been mostly used to
meet domestic electricity generation
needs. Apart from that, most of it is also
exported. The share of coal in the national
electric energy mix is above 50%, far
exceeding the energy mix such as oil, gas,
and new and renewable energy.
According to Arviyan, Bukit Asam's
management has now changed and he
realizes that coal is not always the main
business of the company. If for hundreds of
years, the business model that is being
pursued has no added value, the down-
streaming of coal becomes a gap or
opportunity to make Bukit Asam grow.
Bukit Asam has also explored this
gasification downstream cooperation with
foreign companies. The plan is that next
year Bukit Asam will start an EPC for
downstreaming coal gasification
with Dimethyl ether (DME) products as
raw material for LPG.
Downstreaming is carried out by
converting coal into gas or D for LPG raw
materials, which so far has to be met with
imports of more than 70%.
"If this is successful, we can do further
downstreaming. Because in China, this
product can be reduced to avtur and
petrochemical products to reduce oil
imports," said Arviyan. (RI)
Itu langsung dipakai di PLTU yang menimbulkan polusi tinggi, efek global
warming, dan tidak ada nilai tambah. Hanya menggali, mengangkut, dan men-
jual. Selesai,” kata Arviyan dalam diskusi secara virtual, Rabu (21/10).
Batu bara hingga kini sebagian besar
digunakan untuk memenuhi kebutuhan pembangkit listrik dalam negeri. Selain itu
sebagian besar juga diekspor. Porsi batu bara dalam bauran energi listrik nasional
di atas 50% jauh melebihi bauran energi seperti minyak, gas, serta energi baru
terbarukan.
Menurut Arviyan, manajemen Bukit Asam kini sudah berubah dan menyadari bahwa
tidak selamanya batu bara bisa dijadikan bisnis utama perusahaan. Jika selama
ratusan tahun, bisnis model yang dijalani tidak memiliki nilai tambah, hilirisasi batu
bara menjadi celah atau peluang untuk membuat Bukit Asam berkembang.
Bukit Asam juga sudah menjajaki kerja
sama hilirisasi gasifikasi ini dengan per-usahaan asing. Rencananya tahun depan
Bukit Asam akan memulai EPC untuk hilirisasi gasifikasi batu bara dengan
produk Dimethyl ether (DME) sebagai bahan baku LPG.
Hilirisasi dilakukan dengan mengubah
batu bara menjadi gas atau D untuk bahan baku LPG yang selama ini lebih dari 70%
harus dipenuhi dengan impor.
“Apabila ini berhasil, kita bisa lakukan hilirisasi lebih jauh lagi. Sebab di China,
produk ini bisa diturunkan untuk avtur dan produk petrokimia untuk kurangi
impor minyak ya,” kata Arviyan. (RI)
Daily News Update Page 25
A series of reasons why Tesla wants to build a factory in RI
Ferry Sandi, CNBC Indonesia
THE ELECTRIC car company from the
United States (US) Tesla is already exploring serious discussions in order to build a battery factory in Indonesia.
In line, the Indonesian government is currently encouraging the downstream development of the nickel industry into batteries to electric cars, especially because of the large number of nickel resources in the country.
Apart from Tesla, at least three world-class electric car battery companies will invest in building factories for electric car batteries to electric cars.
Among others, Contemporary Amperex Technology Co. Ltd. (CATL) from China, LG Chem from South Korea, and Hyundai also from South Korea.
Unmitigated, the amount of investment that will be disbursed has the potential to reach US$ 20 billion or Rp 294 trillion (exchange rate of Rp. 14,700/US$).
The Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan even said that the existence of abundant mineral resources in the country is the key to building a battery factory and electric car in the future.
"For those of you who are even younger, we know that Indonesia is rich, we have all the mineral reserves to become a key player in the lithium battery industry, such as lithium, cobalt, nickel, manganese, aluminum, copper (copper), and graphite," he said in a statement INDY FEST 2020 event on Monday (19/10/2020).
Sederet Alasan Kenapa Tesla Mau Bangun Pabrik di RI
Ferry Sandi, CNBC Indonesia
PERUSAHAAN mobil listrik asal Amerika
Serikat (AS) Tesla sudah menjajaki pem-bicaraan serius demi bisa membangun pabrik baterai di Indonesia.
Sejalan, Pemerintah Indonesia kini tengah mendorong pembangunan hilirisasi industri nikel menjadi baterai hingga mobil listrik, terutama karena banyaknya sumber daya nikel di Tanah Air.
Selain Tesla, setidaknya ada tiga perusaha-an baterai mobil listrik kelas dunia akan berinvestasi membangun pabrik baterai mobil listrik hingga mobil listrik.
Antara lain Contemporary Amperex Technology Co. Ltd. (CATL) asal China, LG Chem asal Korea Selatan, dan Hyundai juga Korea Selatan.
Tak tanggung-tanggung, jumlah investasi yang akan digelontorkan berpotensi men-capai US$ 20 miliar atau Rp 294 triliun (kurs Rp 14.700/US$).
Menteri Koordinator Bidang Kemaritiman dan Investasi Luhut Binsar Pandjaitan bahkan mengatakan adanya sumber daya mineral yang melimpah di negara menjadi kunci dalam pembangunan pabrik baterai hingga mobil listrik ke depannya.
"Untuk Anda yang lebih muda lagi, kita tahu Indonesia ini kaya, kita punya semua cadangan mineral untuk menjadi pemain kunci di industri baterai lithium, seperti lithium, cobalt, nikel, mangan, aluminium, copper (tembaga), dan graphite," tuturnya dalam acara INDY FEST 2020 pada Senin (19/10/2020).
Daily News Update Page 26
Based on data from the Geological Agency of the Ministry of Energy and Mineral Resources (ESDM), Indonesia has nickel reserves of 3.57 billion tons and resources reaching 9.31 billion tons in 2019.
Meanwhile, from the production side, Indonesia's processed nickel production in the form of ferronickel and Nickel Pig Iron (NPI) in 2019 reached 1.79 million tons, up from 2018 857 thousand tons. In 2020 it is targeted to increase again to reach 2.02 million tons.
The amount of wealth he owns is said to have made Tesla determined to invest directly in Indonesia.
Minister of Industry (Menperin) Agus Gumiwang admitted that the plan to build a Tesla battery factory in Indonesia is currently in the discussion stage.
But it's been a month since, how are things going?
Acting Deputy for Infrastructure and Transportation of the Coordinating Ministry for Transportation, Marves Ayodhia GL Kalake, said the development of the Tesla question was at the level of the minister of industry.
"Some time ago, the Coordinating Minister for Luhut was indeed contacted by Tesla, then the minister of industry, maybe two days ago, told the media that there had been talks but it didn't reach us," said Ayodhia to CNBC Indonesia, Wednesday (21/10).
He said the entry of investors, such as Tesla, was part of an effort to form an ecosystem in the development of battery-based electric vehicles in Indonesia from upstream to downstream.
The government is also preparing cross-sectoral regulat ions to support the development of electric vehicles.
Berdasarkan data Badan Geologi Kementerian Energi dan Sumber Daya Mineral (ESDM), Indonesia memiliki cadangan nikel sebesar 3,57 miliar ton dan sumber daya mencapai 9,31 miliar ton pada 2019.
Sementara dari sisi produksi, produksi nikel olahan berupa feronikel dan Nickel Pig Iron (NPI) Indonesia pada 2019 mencapai 1,79 juta ton, naik dari 2018 857 ribu ton. Pada 2020 ini ditargetkan naik lagi mencapai 2,02 juta ton.
Besarnya kekayaan yang dimiliki disebut-sebut membuat Tesla kecantol untuk ber-investasi langsung di Indonesia.
Menteri Perindustrian (Menperin) Agus Gumiwang mengakui soal rencana pembangunan pabrik baterai Tesla di Indonesia sedang tahap diskusi.
Namun sudah sebulan berlalu, bagaimana perkembangannya?
Pelaksana Tugas (Plt) Deputi Bidang Koordinasi Infrastruktur dan Transportasi Kemenko Marves Ayodhia GL Kalake mengatakan, perkembangan soal Tesla ada di tingkat menteri perindustrian.
"Beberapa waktu yang lalu Pak Menko Luhut memang dikontak oleh pihak Tesla kemudian pak menteri perindustrian mungkin 2 hari yang lalu menyampaikan kepada media sudah ada pembicaraan tetapi tidak sampai kepada kami..," kata Ayodhia kepada CNBC Indonesia, Rabu (21/10).
Ia mengatakan masuknya investor misal-nya seperti Tesla bagian dari upaya membentuk ekosistem dalam pengem-bangan kendaraan listrik berbasis baterai di Indonesia dari hulu sampai hilir.
Pemerintah juga sedang menyiapkan aturan lintas sektor untuk mendukung pengembangan kendaraan listrik.
Daily News Update Page 27
"Our ecosystem starts from the nickel downstream plan. We have the potential for nickel, not only in Morowali in Wedabe in various places. So this potential, we no longer export in the form of raw materials (raw materials) so that there is added value," he said.
According to him, the reason the govern-ment is building an ecosystem in order to support the development of electric-based vehicles is due to economic considerations to create added value and the environ-ment.
"For the economy, we can save on fossil fuel subsidies. Then also for the use of the battery it reduces CO2 because the cost for CO2 is not small as well for a polluted environment, besides other considera-tions," he said. (tas/tas)
"Ekosistemnya kita mulai dari rencana hilirisasi nikel itu kan kita mempunyai potensi nikel tidak hanya di Morowali di Wedabe di berbagai tempat lah ya Jadi potensi ini, tidak lagi mengekspor dalam bentuk mentah raw material (bahan baku) supaya ada nilai tambahnya," katanya.
Menurutnya alasan pemerintah membangun ekosistem demi menopang pengembangan kendaraan berbasis listrik karena per-timbangan ekonom untuk menciptakan nilai tambah dan lingkungan hidup.
"Kalau ekonomi kan kita bisa menghemat subsidi bahan bakar fosil fuel. Kemudian juga untuk penggunaan Baterainya itu mengurangi CO2 karena cost untuk CO2 itu enggak kecil juga untuk lingkungan hidup yang tercemar itu pertimbangannya selain pertimbangan yang lain-lain," katanya. (tas/tas)
Global Production Down, Copper Prices Raised
Lorenzo Anugrah Mahardhika
THE POSITIVE movement brought copper
prices closer to US$ 7,000 per metric ton. Opportunities for further strengthening are very open in line with the decline in global supply and accommodative policies from China.
Reporting from Bloomberg on Wednesday (21/10/2020), copper prices on the London Metal Exchange market were observed to have strengthened 1.1 percent to US$ 6,964 per metric ton. The note is close to the highest copper price of US$ 6,937.50 in June 2018.
Meanwhile, copper prices for December 2020 contracts on the Comex market were observed to have strengthened 1.08 percent to US$ 318.20/lbs.
Produksi Global Turun, Harga Tembaga Terdongkrak Lorenzo Anugrah Mahardhika
PERGERAKAN positif membuat harga
tembaga mendekati level US$7.000 per metrik ton. Peluang penguatan lebih jauh amat terbuka seiring dengan penurunan pasokan global dan kebijakan-kebijakan akomodatif dari China.
Dilansir dari Bloomberg pada Rabu (21/10/ 2020), harga tembaga pada pasar London Metal Exchange terpantau menguat 1,1 persen di posisi US$6.964 per metrik ton. Catatan tersebut mendekati torehan harga tertinggi tembaga sebesar US$6.937,50 pada Juni 2018 lalu.
Sementara itu, harga tembaga untuk kontrak bulan Desember 2020 pada pasar Comex terpantau menguat 1,08 persen ke posisi US$318,20/lbs.
The increase in copper prices was partly due to the closure of operations carried out by Lundin Mining Corp. at one of its mines in Candelaria, Chile. This happened along with the mining workers' strike demanding an increase in wages.
The termination of mining operations will have an impact on the total copper output produced. A report from the International Copper Study Group stated that the world's copper production is expected to decline again this year while continuing this negative trend for two consecutive years.
Meanwhile, research from TD Securities stated that the positive movement in copper prices was due to the decline in supply of this commodity due to the corona virus pandemic. This is also compounded by market concerns about additional disruptions in line with the spike in coronavirus cases worldwide.
On the other hand, the rally in the value of the yuan currency to its highest since July 2018 also played a role in the increase in copper prices. The strengthening of the yuan has an impact on increasing the purchasing ability of commodities in the country.
Based on data from the Chinese Bureau of Statistics, in September 2020, China's total copper output increased by 10.3 percent to 909 thousand tons. This record at the same time equals the daily production record that occurred in November 2019.
“It cannot be easy to restore global copper supplies. This will take some time, especially given the growing demand from China. "All of that sentiment has been priced in," said RJO Futures analyst Frank Cholly.
In addition, the sentiment for discussing fiscal stimulus in the United States is also considered to have played a role in strengthening copper prices.
Kenaikan harga tembaga salah satunya disebabkan penutupan kegiatan operasional yang dilakukan oleh Lundin Mining Corp pada salah satu tambangnya di Candelaria, Chili. Hal tersebut terjadi seiring dengan aksi mogok pekerja tambang yang menuntut kenaikan upah.
Penghentian operasi tambang tersebut akan berdampak pada total output tembaga yang dihasilkan. Laporan dari International Copper Study Group menyatakan, jumlah produksi tembaga dunia diperkirakan akan kembali menurun pada tahun ini sekaligus melanjutkan tren negatif ini selama dua tahun beruntun.
Sementara itu, riset dari TD Securities menyebutkan, pergerakan positif harga tembaga disebabkan oleh turunnya pasokan komoditas ini akibat pandemi virus corona. Hal tersebut juga ditambah dengan kekhawatiran pasar terhadap gangguan tambahan seiring dengan lonjakan kasus virus corona di seluruh dunia.
Di sisi lain, reli nilai mata uang yuan ke posisi tertinggi sejak Juli 2018 lalu juga ikut memainkan peran terhadap kenaikan harga tembaga. Penguatan mata uang yuan berdampak pada meningkatnya kemampuan pembelian komoditas di negara tersebut.
Adapun berdasarkan data dari Biro Statistik China, pada September 2020, total output tembaga China meningkat 10,3 persen menjadi 909 ribu ton. Catatan ini sekaligus menyamai rekor produksi harian yang terjadi pada November 2019 lalu.
“Pengembalian pasokan tembaga global tidak dapat dilakukan dengan mudah. Hal ini membutuhkan cukup waktu, terutama dengan adanya permintaan yang muncul dari China. Seluruh sentimen tersebut telah priced-in,” jelas analis RJO Futures Frank Cholly.
Selain itu, sentimen pembahasan stimulus fiskal di Amerika Serikat juga dinilai ber-peran dalam penguatan harga tembaga.
Daily News Update Page 29
Democratic Speaker of the US House of Representatives Nancy Pelosi said an accommodating stimulus package was being drafted and that she would return to discussions with Treasury Secretary Steven Mnuchin on Tuesday local time.
Head of research at Sucden Financial, Geordie Wilkes, said the sentiment is considered to increase commodity prices, including copper. According to him, the broad monetary policy from the US will weaken the value of the US dollar.
He continued, the weakening dollar value and high copper demand from China are likely to bring copper prices to test the US$ 7,000 per metric ton level.
Meanwhile, a report from Jinrui Futures Co. said that the ongoing discussion of stimulus and the strike at the Lundin mine were positive catalysts for the copper price rally.
"The price of copper will also fluctuate depending on the sentiment of the corona virus pandemic, including news about vaccine developments," the report quoted the report as saying.
Capital Futures analyst Wahyu Laksono said that the opportunity to strengthen copper prices is still wide open. He said, the value of this commodity had indeed experienced a decline in early 2020.
However, copper prices started to improve in March 2020 and continue their positive movement. According to him, this positive trend is due to the increase in inflation which is likely to occur in the next few months.
"The increase in inflation has a good impact on basic metal commodities because i t will raise the price," he explained.
Ketua DPR AS dari Partai Demokrat Nancy Pelosi mengatakan paket stimulus yang akomodatif tengah dirancang dan ia akan kembali berdisku si dengan Menteri Keuangan Steven Mnuchin pada hari Selasa waktu setempat.
Head of research Sucden Financial Geordie Wilkes mengatakan, sentimen tersebut dinilai akan kian melambungkan harga komoditas, termasuk tembaga. Menurut-nya, kebijakan moneter yang luas dari AS akan berimbas pada pelemahan nilai dolar AS.
Ia melanjutkan, pelemahan nilai dolar dan permintaan tembaga dari China yang tetap tinggi kemungkinan akan membawa harga tembaga menguji level US$7.000 per metrik ton.
Adapun, laporan dari Jinrui Futures Co. menyatakan, pembahasan stimulus yang terus berlanjut dan aksi mogok pada pertambangan Lundin menjadi katalis positif bagi reli harga tembaga.
“Harga tembaga juga akan berfluktuasi tergantung dari sentimen pandemi virus corona, termasuk kabar soal perkem-bangan vaksin,”demikian kutipan laporan tersebut.
Analis Capital Futures Wahyu Laksono mengatakan peluang penguatan harga tembaga masih terbuka lebar. Ia mengata-kan, nilai komoditas ini memang sempat mengalami penurunan di awal tahun 2020.
Meski demikian, harga tembaga mulai membaik pada Maret 2020 dan terus melanjutkan pergerakan positifnya. Tren positif ini menurutnya disebabkan oleh kenaikan inflasi yang kemungkinan akan terjadi dalam beberapa bulan ke depan.
“Kenaikan inflasi ini dampaknya baik untuk komoditas logam dasar karena akan mengerek naik harganya,” jelasnya.
Daily News Update Page 30
In addition, the Chinese government's policy of providing stimulus in the
manufacturing sector also helped increase copper prices. This was done to continue
the construction of projects in China which had been delayed due to the corona virus
pandemic.
The construction of the project will increase demand for commodities such as
copper in China. The copper commodity plays an important role in the pace of
China's economy.
Another Chinese policy that will increase the value of copper comes from the
environmental sector. The Chinese govern-ment has announced plans to develop
energy sources without emissions such as sunlight and wind power.
The power plant construction plan will
further increase the demand for copper.
Wahyu said that copper is one of the non-
precious metal commodities that can be a
good conductor of electricity.
Furthermore, the Chinese government's
plan to develop the electric car industry
has also brightened the outlook for the
price of copper commodities. The
manufacture of an efficient technology
electric car will generally use large
amounts of copper to make components
such as batteries and rotors.
"In the short and long term, copper prices
still have the potential to increase.
Moreover, the hope of vaccines and the
opening of stronger economic activities at
the end of this year will be more positive
for price movements," he said. Editor: Rivki
Maulana
Selain itu, kebijakan pemerintah China yang mengucurkan stimulus di sektor manufaktur turut membantu kenaikan harga tembaga. Hal tersebut dilakukan guna melanjutkan pembangunan proye-proyek di China yang sempat tertunda akibat pandemi virus corona.
Pembangunan proyek tersebut akan membuat permintaan terhadap komoditas seperti tembaga di China mengalami kenaikan. Komoditas tembaga memegang peranan penting dalam laju perekonomian China.
Kebijakan China lainnya yang akan me-lambungkan nilai tembaga berasal dari sektor lingkungan. Pemerintah China telah mengumumkan rencana pengembangan sumber energi tanpa emisi seperti sinar matahari dan tenaga angin.
Rencana pembangunan pembangkit listrik tersebut akan kian meningkatkan permintaan terhadap tembaga. Wahyu mengatakan, tembaga merupakan salah satu komoditas non logam mulia yang dapat menjadi konduktor listrik yang baik.
Lebih lanjut, rencana pemerintah China untuk mengembangkan industri mobil listrik juga semakin mencerahkan outlook harga komoditas tembaga. Pembuatan mobil listrik teknologi yang efisien umumnya akan menggunakan tembaga dalam jumlah yang besar untuk membuat komponen-komponen seperti baterai dan rotor.
“Dalam jangka pendek maupun jangka panjang, harga tembaga masih berpotensi naik. Apalagi, harapan vaksin dan pem-bukaan kegiatan ekonomi yang makin kuat pada akhir tahun ini akan semakin positif bagi pergerakan harganya,” ujarnya. Editor :
Rivki Maulana
Daily News Update Page 31
New Wärtsilä 128 MW plant to help power Grasberg underground ramp-up
Posted by Paul Moore
TECHNOLOGY group Wärtsilä has received contracts for a 128 MW power plant in
Indonesia. The plant has been ordered by leading copper and gold mining company PT Freeport Indonesia. The extended engineered equipment delivery order comprises fourteen Wärtsilä 34DF dual-fuel generating sets. The order for eight generating sets was placed in June 2020, and a further six generating sets were ordered in September 2020. A consortium consisting of Wärtsilä and PT PP will install, construct and commission the power plant.
The plant will be located at Amamapare, PT Freeport Indonesia’s port site in Papua, Indonesia. From here the electricity will be fed to the Grasberg mine via a 100 km long transmission line. The mine is located in the remote highlands of the Sudirman Mountain Range in the province of Papua, in the western half of the island of New Guinea. Neither the mine nor the port site are connected to the 50 Hz grid. The mine operates on a 60 Hz power supply. The new plant is needed to provide the necessary power as the customer extends operations from open pit to underground mining of one of the world’s largest copper and gold deposits.
“We have completed open pit mining at the Grasberg minerals district, and are now developing large-scale, high-grade underground mines. For this it is critical that we have a reliable and efficient energy supply, and the Wärtsilä generating sets will deliver the power we need,” commented George Baninni, Executive Vice President, PT Freeport Indonesia.
‘The competitive total lifecycle cost of the Wärtsilä solution was ultimately the deciding factor in the award of this valuable contract. However, we have power plants operating in the vicinity of this site, which provided important references as part of the decision process. Our local presence in Indonesia is strong, with 5.3 GW of installed base and 350 employees on the spot. We are able to provide a high level of support,” said Kari Punnonen, Energy Business Director, Australasia, Wärtsilä.
The Wärtsilä 34DF engines can operate on a variety of fuels. This flexibility will allow the plant to switch to operating on natural gas when it becomes locally available. Initially the engines will run on Indonesian B30 biodiesel. The fast-starting flexibility of the engines will also enable the integration of energy from renewable sources, such as solar and wind, in the future.
The Wärtsilä equipment is scheduled for delivery between July and November 2021. The first seven engines are expected to be officially handed over in March 2022, with the remaining seven to be handed over in July 2022.
The ramp-up of underground production at the Grasberg minerals district in Indonesia continues to advance on schedule. During second-quarter 2020, a total of 46 new drawbells were added at the Grasberg Block Cave and Deep Mill Level Zone (DMLZ) underground mines, bringing cumulative open drawbells to 261.
Daily News Update Page 32
Combined average daily production from Grasberg Block Cave and DMLZ mines totaled 54,800 t of ore per day during second-quarter 2020, approximately 9% above the April 2020 estimate and 46% above the first-quarter 2020 average (and increased to a combined daily production average of approximately 70,000 metric tons of ore per day at the end of June 2020). PT-FI expects its 2021 copper and gold production to approximate 1.4 billion pounds of copper and 1.4 Moz of gold, nearly double projected 2020 levels. The successful completion of this ramp up is expected to enable PT-FI to generate average annual production for the next several years of 1.55 billion pounds of copper and 1.6 Moz of gold.
China’s imports are soaking up the world’s excess copper Reuters
THE REFINED copper market is on course to register a supply-demand shortfall this year,
according to the International Copper Study Group (ICSG).
The forecast deficit is a small one – just 52,000 tonnes in a 24-million tonne global market – but it’s a dramatic change from the group’s forecast this time last year, when it expected a chunky 280,000-tonne surplus.
And that was before covid-19, which has since devastated demand with the ICSG estimating slumps of 8% in the European Union, 6% in the United States and “significant reductions in India, Japan and other ASEAN countries”.
So how come the market is still running short of metal?
The first part of the answer is that global copper production has also been upended by the fatal coronavirus.
The second is that China is on a massive buying spree, imports running at unprecedented levels.
That’s a positive for the copper price, which has this week surged to a fresh year-to-date high of $6,985 per tonne on the London market.
But the impact on any market balance calculation comes with a sting in its tail.
Lockdown losses
Global copper mine production will fall by 1.5% this year, the ICSG forecasts. It will be the second consecutive year of lower output after a 0.2% decline in 2019.
At its last meeting in October 2019, the ICSG anticipated a 2% increase in mined copper production this year but has slashed that forecast by 700,000 tonnes to reflect lockdown losses in key producer countries such as Peru.
The group has also cut 850,000 tonnes of refined metal from its last forecast. Global production will still grow this year, but only by 1.6% compared with a previous call of 4.0%.
Global secondary production, which uses scrap as a feed, will be particularly hard hit, sliding 5.5% this year as scrap collection, processing and logistics networks collapse under national lockdowns.
Much of this recycling capacity is located in China, where confusion over import rules has compounded logistical challenges.
“China’s contribution to world (output) growth will be at a lower rate than initially expected,” the ICSG said.
China’s record imports
China’s smelters are struggling to catch up with an extraordinary rebound in manufacturing activity, fuelled by government stimulus flowing down the metals-intensive channels of construction and infrastructure.
Supply-chain stresses and an open arbitrage window have occasioned an unprecedented import surge.
China imported 3.55 million tonnes of refined copper in the first nine months of this year. That’s already more than last year’s tally and amounts to an extra million tonnes of metal.
It’s worth considering what the copper price would look like if that amount of surplus metal hadn’t gone to China but had instead been dumped into London Metal Exchange and CME warehouses.
Chinese stocks build
Those stellar imports, however, distort the statistical picture. The ICSG uses them, together with domestic production and changes in stocks held by the Shanghai Futures Exchange, to calculate “apparent” usage. The mathematics assume that imports are being used to make copper products.
Daily News Update Page 34
This year’s import surge has caused China’s “apparent” copper usage to jump to the point that it almost totally offsets the slump everywhere else. Hence the ICSG’s assessment that global demand will be stable this year relative to last.
However, no-one believes that China’s real consumption has risen by the 16% implied from the import figures.
JP Morgan, for example, is expecting a 0.5% increase in real copper usage, still extraordinary given the scale of the lockdown hit at the start of the year, but nowhere near any “apparent” consumption estimate.
The bank’s executive director Natasha Kaneva told this week’s virtual LME seminar that the numbers are “strongly hinting that some invisible stocks have been accumulated”, maybe as much as 900,000 tonnes.
It seems clear that, just as was the case during the 2009-2010 financial crisis, Chinese buyers have pounced on low prices to build physical inventory, no doubt with one eye on the next Five Year Plan with its promise of lots of copper-intensive green infrastructure.
There has also been, as Kaneva pointed out, “a lot of talk about the State Reserves Bureau” (SRB) buying copper.
Shanghai Metal Markets’ Ian Roper, however, cautioned against over-reading the state stockpile manager’s recent activities. At a “pre-LME Week” seminar hosted by Marex Spectron, he described the rumoured purchase of 300,000 tonnes as a “one-off trade disruption hedge”.
The SRB remains a known unknown in the copper market.
But the key take-away from all the speculation is that everyone agrees there is an ongoing mass transfer of excess stock to statistically hidden inventories in mainland China.
Sting in the tail
The ICSG’s calculations of a balanced market may not be a true mirror on the state of actual usage in China, but they capture a market reality that the world’s surplus is being shipped there every month.
It is highly unlikely to come back out again other than in the form of a finished product such as air conditioners.
However, as imports slow from these supercharged levels, the effect will be to reduce China’s “apparent” consumption calculations to the point that the ICSG is forecasting a 2% decline next year.
That won’t be a true reflection of actual usage in the world’s largest copper user either, but it may be how the market reality will feel once the Chinese buying spree is over.
The good news is that the ICSG is expecting usage in the rest of the world to grow by 5% next year as broad-based economic recovery takes hold.
Even factoring in a simultaneous rebound in both mined and refined production, the market is expected to register only a modest 69,000-tonne surplus in 2021.
Daily News Update Page 35
Everything, of course, depends on covid-19. The current level of uncertainty clouds any forecast of what might or might not happen in 2021.
But the ICSG’s numbers are a good basis for understanding what’s happening to copper right now. (Editing by Mark Potter)
OZ Minerals sets sights on Prominent Hill production rise Vanessa Zhou
OZ Minerals is targeting higher production at the Prominent Hill copper-gold mine in South
Australia this year on the back of strong performance and record gold prices.
Its output guidance for the year now stands at 190,000–200,000 ounces, up from 175,000–190,000 ounces due to solid grade reconciliation and improved recoveries.
OZ Minerals produced 14,891 tonnes of copper and 51,629 ounces of gold during the September quarter.
The mine achieved record underground ore movement with one million tonnes for the period, and underwent accelerated development of the decline to support an increase in mining rates to 4–5 million tonnes a year starting 2022.
“The third quarter saw a solid production performance from our assets and progress milestones achieved on our growth projects,” OZ Minerals chief executive Andrew Cole said.
“Annual gold production guidance has been increased as a result of continued strong grade performance and recoveries at Prominent Hill and annual cost guidance has been further reduced on the back of continuing strong gold prices and maintained cost performance.”
OZ Minerals has slashed its group cash costs by 12 per cent, and its all-in sustaining cost (AISC) by 25 per cent.
The company expects to release an expansion study update for Prominent Hill next month.
Its ramp up at the Carrapateena gold-copper mine in South Australia is also on track to reach 4.25 million tonnes by year-end, with Cole stating that the ramp up had continued to deliver to revised ramp up targets.
“(This provides) further confidence in achieving steady state operations by the end of the year, some six months earlier than originally anticipated,” he said.
The stage one Carrapateena block cave expansion feasibility study also commenced during the September quarter and is targeted for completion in late 2021.
OZ Minerals aims to de-risk the potential conversion of the lower portion of the sub-level cave to a series of block caves.
At the West Musgrave project in Western Australia, OZ Minerals expects to complete its updated pre-feasibility study in December following its acquisition of former owner Cassini Resources earlier this month.
UPDATE 2-Antofagasta reports Q3 copper output fall but keeps
guidance By Tanisha Heiberg
CHILEAN miner Antofagasta said on Wednesday output had dropped 4.6% in the third
quarter compared with the previous three months and was likely to be at the lower end of its guidance for the year. Antofagasta produced 169,600 tonnes of copper during the third quarter, down from 177,700 tonnes in the second quarter, mainly due to major maintenance work at its flagship Los Pelambres mine and lower grades at its Antucoya operations. The London-listed miner said it expected 2020 production to be at the lower end of its original guidance of between 725,000 to 755,000 tonnes while net cash costs are expected to fall below the originally guided $1.20 per pound.
The company, which operates four mines in Chile, said it expected copper production to increase in 2021 in the range of 730,000 to 760,000 tonnes as grades increase at Centinela Concentrates and as COVID-19 health protocols remain in place. Net cash costs during the third quarter were 5.3% higher at $1.19 per pound. Copper output of 541,300 tonnes for the year to date is 7.3% lower than in the same period last year, the miner said.
Production of molybdenum - a byproduct of copper mining - increased 9.7% in the quarter to 3,400 tonnes, while gold production fell 16.7% to 38,300 ounces. Disruptions to mining operations in Chile, the world's largest producer of mined copper, have been minimal, but helped to delay mining projects. The company is operating with approximately two-thirds of its workforce at its operations. Antofagasta said around 75% of the original planned numbers are now working on site at its Los Pelambres Expansion project after it was temporarily suspended in the previous quarter, with work also beginning at its Esperanza Sur and Zaldívar Chloride Leach projects. The miner, which concluded labour negotiations with unions at the joint venture Zaldívar mine and two unions at Centinela during the quarter, said it had recently begun negotiations with the two remaining workers' unions at Centinela.
Supervisors at Centinela agreed to a new contract offer in July, avoiding the possibility of a strike after the union had voted in favour of a walk-out. Antofagasta said it expects to conclude the talks by the end of the year. (Reporting by Tanisha Heiberg, editing by Louise Heavens and Philippa Fletcher)
Coal India production growth no longer in negative territory By: FE Bureau
COAL India (CIL), which has been clocking negative growth in production during this fiscal,
has been able to neutralise it for the first time. The production of 265.69 million tonne (mt) recorded on October 20 has come at level with last year’s output on the same date.
The company posted a marginal 0.04 mt increase in volume terms, thanks to a catalytic role by Mahanadi Coalfields and Northern Coalfields, which produced 71.7 mt and 60 mt as of October 20 – an increase by 9.61 mt and 3.15 mt, respectively, on a year-on-year basis, a CIL statement said.
CIL began posting strong growth in production and offtake from August and recorded the highest-ever production and offtake growth in September, clocking 31.6% and 31.7%, respectively. In October, CIL recorded around 20% growth in output and 24.3% in offtake.
Now on, ramping up coal production would not be a problem, especially with coal seams exposed. Over-burden removal grew phenomenally at 71% in September and 22.3% during the first half of the fiscal, a senior company executive said.
The first quarter of the fiscal suffered 11.6% growth constriction in production and 21.5% slump in offtake. Considering this huge setback, the company came back strongly, expunging the negative trend in output on October 20.
CIL shrugged off the first quarter’s tepid growth and clocked a robust 10.6% increase in production and a near 10% growth in offtake during the second quarter compared with the same period last fiscal. Coal offtake till October 20 at 287.19 mts is 4.9% lower compared with the same date last fiscal.
“However, we are confident of removing the negative trend in coal offtake by November and grow from there on, especially with thermal power plants and non-regulated sector customers showing keenness to lift increased quantities of coal. There is also a spike in the auction sales,” a CIL spokesperson said.
Global platinum demand to decline 7% in 2020 – report MINING.com Editor
GLOBAL platinum demand is set to fall by 7.2% in 2020, with the covid-19 pandemic driving significantly lower demand from the auto and jewellery sectors, according to GlobalData, a UK-based data analytics firm.
Typically these two sectors would account for 34% and 24% of total demand, respectively, with the remainder for industrial uses and investment, GlobalData reports.
“China and Japan are the top two platinum-consuming nations and together account for 35.5% of global demand,” says Ankita Awasthi, senior mining analyst at GlobalData.
“Overall, demand from China and Japan is expected to fall by 9.2% and 11.8%, respectively. In China, the metal demand for jewellery, industrial/investment, automotive and other uses is expected to contract by 14%, 4.6% and 3.9%, respectively.
Meanwhile in Japan, metal demand from these segments is expected to decline by 14% for autocatalysts, 12.1% for jewellery and 7.5% for industrial uses.”
While the pandemic is significantly impacting demand for platinum from the auto sector, over the coming years the implementation of stricter emission standards is expected to see demand recover.
According GlobalData, China has the world’s largest automobile industry and consumes 7.1% of the metal for autocatalysts. The pandemic led to the closure of industrial belts and a lockdown of Chinese cities during March 2020, resulting in a 79.1% fall in the country’s automotive sales in February, and a 43.3% fall in March. However, with the easing of lockdowns and opening of the economy, sales grew by 4.4% in April, 14.5% in May and 11.6% in June.
China also began implementing tighter emission 6 standards across different cities from mid-2019 and by April 2020, 16 major Chinese regions had completed implementing the China 6 standard. Along with the passenger car substitution demand, increased demand from heavy transport diesel engine vehicles to meet the strict China 6 norms is expected to push consumption growth in the coming years.
“While the recent decision to defer further implementation of the China 6 standards across the country by six months to January 2021 will delay consumption growth temporarily, over 2020-2024, platinum demand from the automobile industry is expected to grow by a compound annual growth rate (CAGR) of 3.8% globally and by 9.5% in China,” Awasthi predicts.
“Between 2020 and 2024, overall platinum demand is expected to increase by a CAGR of 4.3%, supported also by higher metal demand from industrial/investment and jewellery uses, which are expected to grow at respective CAGRs of 3.9% and 5.5% over the period. Demand for platinum in China and Japan is expected to expand at respective CAGRs of 5.2% and 2.4% over the forecast period,” Awasthi adds.
South African coal industry to reach tipping point in 2025 By: Simone Liedtke, Writer
THE SOUTH African coal industry will likely reach a tipping point by 2025, when renewable energy should be cheaper, both in terms of capital and operational expenditure, than existing coal-fired electricity capacity.
This means that, by 2030, the South African coal landscape will look "completely different", as domestic coal production is likely to start fragmenting and shutting down, African Source Markets CEO Bevan Jones noted during a webinar on October 21.
In the near term, however, the outcome of the upcoming US Presidential election was likely to have a significant impact on the future of the global coal market, as the uncertainty around the elections could create bearish, volatile markets, he warned.
Presidential candidate Joe Biden, for example, wants to spend $2-trillion on decarbonising the US economy, while President Donald Trump's proposals including closing more coal plants, which would result in job losses in the coal sector.
Domestically, however, shareholder activists continue to drive large producers to exit coal investments, says Jones, noting that "climate activism destroys production" and "the rise of renewables destroys demand".
He said the future of the South African domestic coal pricing would be negatively impacted on by demand destruction and production shutdowns.
A spot market is "the best solution" to deal with this, he noted.
Further, while the future of State-owned Eskom's coal supply cliff was still uncertain, Jones punted biochar and brown hydrogen as avenues with "significant potential" for the industry to expand into.
In this regard, he suggested that coal miners consider partnering with platinum miners to explore the potential of brown hydrogen.
