IMA-Daily Update Page 1 TABLE OF CONTENTS No. Title Media Source Page 1. 2. 3. 4. 5. 6. 7. 8. 9. Coal production until May reached 42%, ESDM is optimistic that the target of 550 million tons will be achieved Produksi batubara hingga Mei capai 42%, ESDM optimistis target 550 juta ton tercapai Bukit Asam Pocketed Rp4.2 Trillion Net Profit Throughout 2019 Bukit Asam Kantongi Laba Bersih Rp4,2 Triliun Sepanjang 2019 Distribute dividends up to directors' remodel, following the results of the Bukit Asam (PTBA) GMS Tebar dividen hingga rombak direksi, berikut hasil RUPS Bukit Asam (PTBA) Coal Exports Only 40.2% of Target, Government Find Alternative Coal Buyers Ekspor Batu Bara Baru 40,2% dari Target, Pemerintah Cari Alternatif Pembeli Batu Bara Coal miner Bukit Asam to disburse ‘biggest payout ratio' in company history Even in the midst of a pandemic, J Resources (PSAB) mining project continues to run Meski di tengah pandemi, proyek tambang J Resources (PSAB) tetap berjalan Optimistic to Achieve Targets, PTBA Does Not Revise Work Plans Optimistis Capai Target, PTBA Tak Revisi Rencana Kerja Petrosea (PTRO) Prepares Funds of US$ 2 million for Stock Buybacks Petrosea (PTRO) menyiapkan dana US$ 2 juta untuk buyback saham Bukit Asam Gasification Project Rp28 T Will be Commercial 2025 Proyek Gasifikasi Bukit Asam Rp 28 T Bakal Komersial 2025 Kontan Okezone Kontan Dunia Energi The Jakarta Post Kontan Bisnis Kontan CNBC Indonesia 3 4 5 7 8 9 12 14 15
Transcript
IMA-Daily Update Page 1
TABLE OF CONTENTS
No. Title Media Source Page
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Coal production until May reached 42%, ESDM is optimistic that the target of 550 million tons will be achieved Produksi batubara hingga Mei capai 42%, ESDM optimistis target 550 juta ton tercapai Bukit Asam Pocketed Rp4.2 Trillion Net Profit Throughout 2019 Bukit Asam Kantongi Laba Bersih Rp4,2 Triliun Sepanjang 2019 Distribute dividends up to directors' remodel, following the results of the Bukit Asam (PTBA) GMS Tebar dividen hingga rombak direksi, berikut hasil RUPS Bukit Asam (PTBA) Coal Exports Only 40.2% of Target, Government Find Alternative Coal Buyers Ekspor Batu Bara Baru 40,2% dari Target, Pemerintah Cari Alternatif Pembeli Batu Bara Coal miner Bukit Asam to disburse ‘biggest payout ratio' in company history Even in the midst of a pandemic, J Resources (PSAB) mining project continues to run Meski di tengah pandemi, proyek tambang J Resources (PSAB) tetap berjalan Optimistic to Achieve Targets, PTBA Does Not Revise Work Plans Optimistis Capai Target, PTBA Tak Revisi Rencana Kerja Petrosea (PTRO) Prepares Funds of US$ 2 million for Stock Buybacks Petrosea (PTRO) menyiapkan dana US$ 2 juta untuk buyback saham Bukit Asam Gasification Project Rp28 T Will be Commercial 2025 Proyek Gasifikasi Bukit Asam Rp 28 T Bakal Komersial 2025
Kontan Okezone Kontan Dunia Energi The Jakarta Post Kontan Bisnis Kontan CNBC Indonesia
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IMA-Daily Update Page 2
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Quarter I/2020, Delta Dunia Makmur (DOID) Revenue Declines 9 Percent Kuartal I/2020, Pendapatan Delta Dunia Makmur (DOID) Turun 9 Persen Why Does Coal Price Difficult to Level US$ 60/Ton? Kenapa Harga Batu Bara Susah ke Level US$ 60/Ton? Covid-19 has everyone ditching coal quicker – except Asia Outotec to deliver minerals processing equipment to Chile Martin Engineering conveys speciality contractor message Air Products invests US$2bn in world-scale coal-to-methanol facility Australia cannot expect China to import and burn coal it no longer needs Thermal coal imports at major ports decline 36% to 12.3 MT in April-May: IPA EIA: 2020 U.S. coal production to total 530 million tons, down 25% from prior year
Bisnis CNBC Indonesia Mining.com
Global Mining Review Int'l Mining The Chemcial Engineer The Guardian Money Control IEEFA
Coal production until May reached 42%, ESDM is optimistic
that the target of 550 million tons will be achieved
Reporter: Ridwan Nanda Mulyana | Editor: Anna Suci Perwitasari
THE MINISTRY of Energy and Mineral Resources (ESDM) recorded the realization of coal production as of May 2020 reaching 228 million tons. While the realization of the use of coal for domestic purposes or the Domestic Market Obligation (DMO) reached 53.55 million tons.
The Head of the Communication Bureau, Public Information Services and Cooperation (KLIK), the Ministry of ESDM, Agung Pribadi stated, the realization of coal production was still in line with the target.
Previously, the ministry had projected that realization would be able to meet the national production target for 2020 of 550 million tons.
"The realization of coal production up to May 31 yesterday is still in line with the national coal production target for 2020, which reached 42% of the planned plan. The coal production projection until December 2020 is also expected to reach the target of 550 million tons," Agung said in a written statement received by Kontan.co.id, Wednesday (10/6).
Meanwhile, the realization of coal exports until May 2020 reached 175.15 million tons, equivalent to US$ 7.77 billion. The export volume prognosis for 2020 is set at 435 million tons.
Agung estimates that coal demand and trade in the international market in 2020 will decline due to the Covid 19 pandemic. Currently, Indonesia is also exploring to export to several other developing countries.
Produksi batubara hingga Mei capai 42%, ESDM optimistis target 550 juta ton tercapai
Reporter: Ridwan Nanda Mulyana | Editor: Anna Suci Perwitasari
KEMENTERIAN Energi dan Sumber Daya Mineral (ESDM) mencatat realisasi produksi batubara hingga bulan Mei 2020 mencapai 228 juta ton. Sementara realisasi pengguna-an batubara untuk kepentingan domestik atawa Domestic Market Obligation (DMO) mencapai 53,55 juta ton.
Kepala Biro Komunikasi, Layanan Informasi Publik, dan Kerja Sama (KLIK) Kementerian ESDM Agung Pribadi menyatakan, realisasi produksi batubara itu masih sesuai dengan target.
Sebelumnya, kementerian memproyeksikan, realisasi akan mampu memenuhi target produksi nasional tahun 2020 yang sebesar 550 juta ton.
"Realisasi produksi batubara sampai 31 Mei kemarin masih sesuai dengan target produksi batubara nasional tahun 2020, di mana mencapai 42% dari rencana yang ditetapkan. Proyeksi produksi batubara sampai Desember 2020 juga diperkirakan dapat mencapai target 550 juta ton," kata Agung dalam keterangan tertulis yang diterima Kontan.co.id, Rabu (10/6).
Adapun, realisasi ekspor batubara hingga Mei 2020 mencapai 175,15 juta ton, setara dengan US$ 7,77 miliar. Prognosa volume ekspor tahun 2020 dipatok sebesar 435 juta ton.
Agung memperkirakan, kebutuhan dan perda-gangan batubara di pasar internasional pada 2020 bakal mengalami penurunan karena ada-nya pandemi Covid 19. Saat ini, Indonesia juga sedang melakukan penjajakan untuk melaku-kan ekspor ke beberapa negara berkembang lainnya.
IMA-Daily Update Page 4
"Exploring the coal export market to other developing countries, such as Vietnam, Bangladesh, and Pakistan. In addition, it will increase the efficiency of the coal supply chain of coal importing countries and conduct direct contracts or direct shipping to importing countries," concluded Agung.
"Penjajakan pasar ekspor batubara ke negara-negara berkembang lainnya, seperti Vietnam, Banglades, dan Pakistan. Selain itu, akan melakukan peningkatan efisiensi rantai suplai batubara negara importir batubara serta melakukan direct contract atau direct shipping ke negara-negara importir," pungkas Agung.
Bukit Asam Pocketed Rp4.2 Trillion Net Profit Throughout
2019 Giri Hartomo, Journalist
PT BUKIT Asam (Persero) Tbk (PTBA) posted a net profit of Rp4.1 trillion and EBITDA of Rp6.4 trillion. This follows an increase in revenue from Rp21.2 trillion to Rp21.8 trillion or 3% compared to the previous year.
Director of Bukit Asam Arviyan Arifin said, the Rp21.8 trillion figure from this revenue was dominated by domestic coal sales with a contribution of 57%. Then there is export coal sales by 41%.
"This revenue consisted of domestic coal sales revenue of 57%, export coal sales of 4%, and other activities of 2% which included sales of electricity, briquettes, crude palm oil and palm kernel, hospital health services and rental services," he said in a teleconference on Wednesday (06/10/2020).
Arviyan added, the achievement of profit and income was certainly supported by the company's operational performance which had increased compared to the previous year. In 2019, the company's coal production will increase 10.2% from the previous year or increase to 29.1 million tons.
Bukit Asam Kantongi Laba Bersih Rp4,2 Triliun Sepanjang
2019 Giri Hartomo, Jurnalis
PT BUKIT Asam (Persero) Tbk (PTBA) mem-bukukan laba bersih sebesar Rp4,1 triliun dan EBITDA Rp6,4 triliun. Hal ini menyusul ada-nya kenaikan pendapatan dari Rp21,2 triliun menjadi Rp21,8 triliun atau sebesar 3% dibandingkan tahun sebelumnya.
Direktur Utama Bukit Asam Arviyan Arifin mengatakan, angka Rp21,8 triliun dari penda-patan ini didominasi oleh penjualan batu bara domestik dengan kontribusinya sebesar 57%. Kemudian ada penjualan batu bara ekspor sebesar 41%.
"Pendapatan ini terdiri dari pendapatan penjualan batu bara domestik sebesar 57%, penjualan batu bara ekspor sebesar 4%, dan aktivitas lainnya sebesar 2% yang meliputi penjualan listrik, briket, minyak sawit mentah dan inti sawit, jasa kesehatan rumah sakit dan jasa sewa," ujarnya dalam telekonferensi, Rabu (10/6/2020).
Arviyan menambahkan, pencapaian laba dan pendapatan ini tentu didukung oleh kinerja operasional perusahaan yang mengalami kenaikan dibandingkan dengan tahun sebelum-nya. Pada tahun 2019, produksi batu bara per-seroan mengalami kenaikan 10,2% dari tahun sebelumya atau naik menjadi 29,1 juta ton.
"The capacity of coal transportation has also increased to 24.2 million tons, up 7.0% from 2018," he said.
The increase in coal production and transportation is driving the increase in coal sales. During 2019, the Company succeeded in selling coal by 27.8 million tons, up 13% from the previous year.
The increase in sales volume was due to expansion into potential markets such as Japan, Hong Kong, Vietnam, Taiwan and the Philippines and success in adding new potential markets such as Australia, Thailand, Myanmar, and Cambodia.
"Not only encouraging export sales to Asian countries, the Company also applies medium to high calorie coal export sales to the premium market," he said. (fbn)
"Kapasitas angkutan batu bara juga meng-alami kenaikan menjadi 24,2 juta ton atau naik 7,0% dari tahun 2018," ucapnya.
Kenaikan produksi dan angkutan batu bara ini mendorong kenaikan penjualan batu bara. Sepanjang 2019, Perseroan berhasil menjual batu bara sebesar 27,8 juta ton atau naik 13% dari tahun sebelumya.
Kenaikan volume penjualan ini karena adanya ekspansi ke pasar-pasar potensial seperti Jepang, Hong Kong, Vietnam, Taiwan, dan Filipina serta keberhasilan dalam me-nambah pasar-pasar potensial baru seperti Australia, Thailand, Myanmar, dan Kamboja.
"Tak hanya mendorong penjualan ekspor ke negara-negara Asia, Perseroan juga mene-rapkan penjualan ekspor batu bara medium to high calorie ke premium market," ucap-nya. (fbn)
Distribute dividends up to directors' remodel, following the results of the
Bukit Asam (PTBA) GMS Reporter: Akhmad Suryahadi | Editor: Wahyu
T. Rahmawati
PT BUKIT Asam Tbk (PTBA) held an annual general meeting of shareholders (AGMS) today, Wednesday (10/6). Several agendas were ratified at the GMS red-plate issuer.
PTBA decided to distribute dividends for the fiscal year 2019 amounting to Rp 3.65 trillion. Therefore, PTBA's dividend payout ratio reaches 90% of the total net profit in 2019 which reached Rp 4.1 trillion. This amount is higher than the Bukit Asam payout ratio for net income in 2018 and 2017 which is only 75% of total net income.
Tebar dividen hingga rombak direksi, berikut hasil RUPS Bukit
Asam (PTBA) Reporter: Akhmad Suryahadi | Editor: Wahyu
T. Rahmawati
PT BUKIT Asam Tbk (PTBA) menggelar rapat umum pemegang saham tahunan (RUPST) hari ini, Rabu (10/6). Beberapa agenda disahkan dalam RUPS emiten pelat merah tersebut.
PTBA memutuskan untuk membagikan dividen tahun buku 2019 sebesar Rp 3,65 triliun. Dengan demikian, maka rasio pem-bayaran dividen (dividend payout ratio) PTBA mencapai 90% dari total laba bersih tahun 2019 yang mencapai Rp 4,1 triliun. Jumlah ini lebih tinggi dibandingkan dengan payout ratio Bukit Asam untuk laba bersih tahun 2018 dan 2017 yang hanya 75% dari total laba bersih.
Director of PT Bukit Asam Tbk Arviyan Arifin said, this year's Bukit Asam DPR was the biggest in Bukit Asam's history. "Surely this is a good thing and appreciation for PTBA shareholders," Arviyan Arifin said in Jakarta, Wednesday (10/6).
The AGM results also approved the change in the composition of the PTBA manage-ment, including appointing the hadis Surya Palapa as the Director of Operations and Production of PTBA to replace Suryo Eko Hadianto, who was appointed Director of Business Transformation at PT Indonesia Asahan Aluminum (Inalum) some time ago. Previously, Hadis served as Company Secretary of the coal mining issuer.
In addition, the AGM results also appointed E. Piterdono HZ, Carlo Brix Tewu, and Irwandy Arif as commissioners to replace Robert Heri, Taufik Madjid, and Soenggoel Pardamean Sitorus. Meanwhile, Andi Pahril Pawi was appointed as an inde-pendent commissioner replacing Heru Setyobudi Suprayogo.
The following is a new arrangement of Bukit Asam's commissioners and directors:
Commissioner President Commissioner/Independent:
Agus Suhartono Commissioner: Jhoni Ginting Commissioner: E. Piterdono HZ Commissioner: Carlo Brix Tewu Independent Comm.: Andi Pahril Pawi Commissioner: Irwandy Arif
The Directors Managing Director: Arviyan Arifin Commerce Director: Adib Ubaidillah Development Director: Fuad Iskandar
Zulkarnain Fachroeddin Director of Human Resources (HR): Joko
Pramono Finance Director: Mega Satria Director of Operation and Production:
Hadis Surya Palapa.
Direktur Utama PT Bukit Asam Tbk Arviyan Arifin mengatakan, DPR Bukit Asam tahun ini merupakan yang terbesar sepanjang sejarah berdirinya Bukit Asam. “Tentunya ini merupakan hal yang baik dan apresiasi kepada pemegang saham PTBA,” ujar Arviyan Arifin di Jakarta, Rabu (10/6).
Hasil RUPS juga menyetujui adanya per-ubahan susunan pengurus PTBA, antara lain mengangkat Hadis Surya Palapa sebagai Direktur Operasi dan Produksi PTBA meng-gantikan Suryo Eko Hadianto, yang dilantik menjadi Direktur Transformasi Bisnis di PT Indonesia Asahan Aluminium (Inalum) bebe-rapa waktu lalu. Sebelumnya, Hadis men-jabat sebagai Sekertaris Perusahaan emiten pertambangan batubara tersebut.
Selain itu, hasil RUPS juga mengangkat E. Piterdono HZ, Carlo Brix Tewu, dan Irwandy Arif sebagai komisaris menggantikan Robert Heri, Taufik Madjid, dan Soenggoel Pardamean Sitorus. Sedangkan, Andi Pahril Pawi diangkat sebagai komisaris independen menggantikan Heru Setyobudi Suprayogo.
Berikut merupakan susunan baru jajaran komisaris dan direksi Bukit Asam :
Komisaris Komisaris Utama/Independen: Agus
Suhartono Komisaris: Jhoni Ginting Komisaris: E. Piterdono HZ Komisaris: Carlo Brix Tewu Komisaris Independen : Andi Pahril Pawi Komisaris: Irwandy Arif
Direksi Direktur Utama: Arviyan Arifin
Direktur Niaga: Adib Ubaidillah Direktur Pengembangan: Fuad Iskandar
Zulkarnain Fachroeddin Direktur Sumber Daya Manusia (SDM) : Joko
Pramono Direktur Keuangan: Mega Satria Direktur Operasi dan Produksi: Hadis Surya
Palapa.
IMA-Daily Update Page 7
Coal Exports Only 40.2% of Target, Government Find Alternative Coal Buyers
Rio Indrawan
THE MINISTRY of Energy and Mineral Resources (ESDM) noted the realization of coal production in 2020 until May reached 228 million tons. For the realization of the use of coal for domestic interests (Domestic Market Obligation/DMO) of 53.55 million tons, so the rest is exported.
Agung Pribadi, Head of the Communi-cation, Public Information and Cooperation (KLIK) Bureau, Ministry of ESDM, said the realization of coal production is still in line with the target and is projected to be able
to meet the 2020 national production target of 550 million tons.
"The realization of coal production up to May 31 yesterday is still in line with the national coal production target in 2020, which reached 42% of the planned plan. The coal production projection until December 2020 is also expected to reach the target of 550 million tons," Agung said, Wednesday (6/10).
The realization of coal exports until May
2020 reached 175.15 million tons, equivalent to US$ 7.77 billion. The amount is still 40.2% of the total 2020 export volume prognosis which is set at 435 million tons.
Agung revealed that coal demand and trade in the international market in 2020 is expected to fall due to the Covid-19 pandemic. At present, Indonesia is also exploring to export to several other
developing countries.
Ekspor Batu Bara Baru 40,2% dari Target, Pemerintah Cari Alternatif Pembeli Batu Bara
Rio Indrawan
KEMENTERIAN Energi dan Sumber Daya Mineral (ESDM) mencatat realisasi produksi batu bara 2020 hingga Mei mencapai 228 juta ton. Untuk realisasi penggunaan batu bara untuk kepentingan domestik (Domestic Market Obligation/ DMO) sebesar 53,55 juta ton, sehingga sisanya diekspor.
Agung Pribadi, Kepala Biro Komunikasi, Layanan Informasi Publik, dan Kerja Sama (KLIK) Kementerian ESDM, mengatakan realisasi produksi batu bara masih sesuai dengan target dan diproyeksikan akan mampu memenuhi target produksi nasional 2020 sebesar 550 juta ton.
“Realisasi produksi batu bara hingga 31 Mei kemarin masih sesuai dengan target produksi batu bara nasional 2020, di mana mencapai 42% dari rencana yang di-tetapkan. Proyeksi produksi batu bara sampai Desember 2020 juga diperkirakan dapat mencapai target 550 juta ton,” kata Agung, Rabu (10/6).
Untuk realisasi ekspor batu bara hingga Mei 2020 mencapai 175,15 juta ton, setara dengan US$ 7,77 miliar. Jumlah tersebut masih 40,2% dari total prognosa volume ekspor 2020 yang dipatok sebesar 435 juta ton.
Agung mengungkapkan kebutuhan dan perdagangan batu bara di pasar inter-nasional pada 2020 diperkirakan turun karena pandemi Covid -19. Saat ini, Indonesia juga sedang melakukan pen-jajakan untuk melakukan ekspor ke bebe-rapa negara berkembang lainnya.
IMA-Daily Update Page 8
"Exploring coal export markets to other developing countries, such as Vietnam, Bangladesh and Pakistan. In addition, it will increase the efficiency of the coal supply chain of coal importing countries and conduct direct contracts or direct shipping to importing countries," Agung said. (RI)
“Penjajakan pasar ekspor batu bara ke negara-negara berkembang lainnya, seperti Vietnam, Bangladesh, dan Pakistan. Selain itu, akan melakukan peningkatan efisiensi rantai suplai batu bara negara importir batu bara serta melakukan direct contract atau direct shipping ke negara-negara importir,” kata Agung. (RI)
Coal miner Bukit Asam to disburse ‘biggest payout ratio' in company history
Norman Harsono | The Jakarta Post
COAL mining heavyweight PT Bukit Asam is set to pay Rp 3.65 trillion (US$258.7 million) in
dividends — claimed as the biggest payout ratio in the company's history — to its shareholders, mainly its heavily indebted parent company, MIND.ID.
The dividends amounted to 90 percent of company profits booked the previous year, also known as the payout ratio, Bukit Asam president director Arviyan Arifin said on Wednesday.
“This is the biggest payout ratio in Bukit Asam’s history and maybe, in the history of publicly listed companies,” he said during an online press conference.
Arviyan assured that the payments would not affect Bukit Asam’s cash flow. The coal miner is still pocketing Rp 8 trillion in cash reserves from 2019 and expects to gain more liquidity this year.
Bukit Asam, publicly listed at the Indonesian Stock Exchange (IDX) as PTBA, saw its profit slump to Rp 4.06 trillion last year, down 19.1 percent from the previous year, amid weakening coal demand and prices globally.
Meanwhile, PTBA’s parent company, MIND.ID, a state-owned mining holding company, saw its debt triple year-on-year (yoy) to Rp 78.3 trillion in the third quarter of 2019, following the acquisition of gold and copper mining giant PT Freeport Indonesia (PTFI).
The mining holding company, which operates under the name PT Indonesia Asahan Aluminium (Inalum), raised $2.5 billion from a global bond offering in May. The bonds were oversubscribed by a factor of 6.4, indicating strong investor appetite.
Bukit Asam also announced its new board of directors and commissioners on Wednesday. Notably, the company promoted Hadis Surya Palapa to operations director and appointed Irwandy Arif as commissioner.
Hadis, who was formerly Bukit Asam’s corporate secretary, will be replacing Suryo Eko Hadianto, who was appointed MIND.ID’s business transformation director late last year.
IMA-Daily Update Page 9
Irwandy Arif is a special advisor on mining with the Energy and Mineral Resources Ministry. He also chairs the Indonesian Mining Institute (IMI) think tank.
PTBA stocks declined slightly by 0.84 percent from the previous trading day to Rp 2,370 apiece on Wednesday.
Even in the midst of a pandemic, J Resources (PSAB) mining project continues to run
J Resources Asia Pasifik Tbk. (PSAB) closed the mining project being worked on. PSAB is still pursuing the target project so that it can proceed according to plan.
Two projects currently under PSAB are the development of the Doup Block gold mine in Bolaang Mongondwo District, North Sulawesi. Also the Pani gold mining project in Gorontalo in collaboration with PT Merdeka Copper Gold Tbk. (MDKA).
J Resources Asia Pacific Managing Director Edi Permadi said this year he plans to start the Doup project soon. Most of the capital expenditure (capex) requirements have been approved by Bank BNI for a tranch C syndicated loan of US$ 95 million. Until May 2020, the project activities are still more on the mapping and preparation of land acquisition.
Even though there is a pandemic, Edi said that his party has not planned to reallocate capital expenditure or change its target. Edi guarantees that priority projects will still be carried out using the covid-19 protocol according to government directives.
Meski di tengah pandemi, proyek tambang J Resources
(PSAB) tetap berjalan Reporter: Ridwan Nanda Mulyana | Editor:
Tendi Mahadi, Khomarul Hidayat
PANDEMI covid-19 tak membuat PT J Resources Asia Pasifik Tbk. (PSAB) meliburkan proyek tambang yang tengah digarap. PSAB masih mengejar target proyek agar bisa berjalan sesuai rencana.
Dua proyek yang sedang dikerjakan PSAB ialah pengembangan tambang emas Blok Doup di Kabupaten Bolaang Mongondwo, Sulawesi Utara. Juga proyek tambang emas Pani di Gorontalo yang bekerjasama dengan PT Merdeka Copper Gold Tbk. (MDKA).
Direktur Utama J Resources Asia Pasifik Edi Permadi mengungkapkan, tahun ini pihaknya berencana untuk segera memulai proyek Doup. Sebagian besar keperluan belanja modal (capex) telah disetujui oleh Bank BNI pada pinjaman sindikasi tranch C sebesar US$ 95 juta. Hingga Mei 2020, kegiatan proyek tersebut masih lebih banyak pada pemetaan dan persiapan pembebasan lahan.
Meski ada pandemi, Edi menyatakan bahwa pihaknya belum berencana untuk realokasi capex maupun mengubah target. Edi menjamin, proyek prioritas tetap akan dikerjakan dengan protokol covid-19 sesuai arahan pemerintah.
"Until now the company is stil l in accordance with the schedule set. We hope that this pandemic can pass soon, so that the schedule we have determined can be carried out according to plan," Edi told Kontan.co.id, Wednesday (10/6).
Meanwhile, PSAB is targeting construction activities to begin in Semester II this year. It is hoped that the first gold will begin to be produced from the Doup project in the Second Semester of 2021.
In Kontan.co.id records, the mine has a gold potential that can be mined at 1.5 million ounces troi. PSAB has the potential to produce around 60,000 troi ounces of 70,000 troi ounces of gold from the mine each year.
While related to the Pani project that has made a joint agreement with MDKA, Edi stated that currently preparations are still being made. With the existence of this pandemic, Eddie did not dismiss the existence of several preparations that were affected.
Unfortunately, Edi did not reveal further how the impact of the pandemic on the Pani project.
"Hopefully the lag can be overtaken soon," said Edi.
In addition to the two projects, Edi also stated that his party was exploring several strategic projects, which could not be explained further. "We will deliver at the right time," he concluded.
Striving for performance can be the same as 2019
The corona pandemic (Covid -19) suppressed the performance of various sectors, including gold mining. PT J Resources Asia Pasifik Tbk (PSAB) is one of the companies affected by the corona pandemic.
"Sampai saat ini perseroan masih sesuai dengan jadwal yang telah ditetapkan. Kami berharap pandemi ini dapat segera berlalu, sehingga jadwal yang telah kami tentukan dapat terlaksana sesuai perencanaan," kata Edi kepada Kontan.co.id, Rabu (10/6).
Adapun, PSAB menargetkan kegiatan konstruksi dapat dimulai pada Semester II tahun ini. Dengan begitu diharapkan emas pertama akan mulai diproduksi dari proyek Doup pada Semester II tahun 2021.
Dalam catatan Kontan.co.id, tambang tersebut memiliki potensi emas yang bisa ditambang sebesar 1,5 juta ons troi. PSAB berpotensi memproduksi sekitar 60.000 ons troi 70.000 ons troi emas dari tambang tersebut di tiap tahun.
Sedangkan terkait dengan proyek Pani yang telah melakukan joint agreement dengan MDKA, Edi menyatakan bahwa saat ini persiapan masih dikerjakan. Dengan adanya pandemi ini, Edi tak menampik adanya beberapa persiapan yang ter-dampak.
Sayangnya, Edi tak membeberkan lebih lanjut bagaimana dampak pandemi ter-hadap proyek Pani.
"Mudah-mudahan ketertinggalan tersebut dapat segera terkejar," sebut Edi.
Selain kedua proyek tersebut, Edi juga menyatakan bahwa pihaknya sedang men-jajaki beberpa proyek strategis, yang belum bisa diterangkan lebih lanjut. "Kami akan sampaikan pada waktu yang tepat," pungkasnya.
Upayakan kinerja bisa sama seperti 2019
Pandemi corona (Covid-19) menekan kinerja berbagai sektor, termasuk pertambangan emas. PT J Resources Asia Pasifik Tbk (PSAB) menjadi salah satu perusahaan yang terimbas pandemi corona.
J Resources Asia Pacific Managing Director Edi Permadi said, the company took a number of additional policies and protocols to ensure production continued in the middle of Covid-19. However, Edi said, it was quite an impact on increasing production costs.
He explained, currently PSAB chose the option to keep producing. So that two active mines at the Seruyung site in North Kalimantan Province and at Bakan Site, North Sulawesi continue to operate.
Meanwhile, other mines at the Penjom site, Malaysia have not been able to operate temporarily, because they have to follow the local government's policy to stop all activities.
Even so, Edi was not able to issue predictions of realization until the end of the year both in terms of production, sales and financial performance. What is clear, PSAB does not intend to change production targets.
In the midst of the pandemic that is still plaguing, said Edi, at least PSAB continues to pursue targets such as the realization in 2019. "We have not been able to deliver (financial projections and realization until the end of the year). The company will try its best to achieve the target as in 2019. The target is more or less the same as last year's achievement," Edi told Kontan.co.id, Wednesday (10/6).
Meanwhile, PSAB recorded sales of US$ 244.90 million during 2019. PSAB achieve-ments at that time increased 10.01% (yoy) compared to the same period in 2018 of US$ 222.60 million.
On the other hand, PSAB's cost of goods sold also increased 15.11% (yoy) to US$ 121.70 million in 2019. In the previous year,...
Direktur Utama J Resources Asia Pasifik Edi Permadi mengatakan, pihaknya meng-ambil beberapa kebijakan dan protokol tambahan guna memastikan produksi tetap berjalan di tengah masa Covid-19. Namun, Edi menyebut, hal tersebut cukup berdampak terhadap peningkatan biaya produksi.
Dia menjelaskan, saat ini PSAB memilih opsi untuk tetap berproduksi. Sehingga dua tambang aktif di site Seruyung Provinsi Kalimantan Utara dan di Site Bakan, Sulawesi Utara tetap beroperasi.
Sementara itu, tambang lain yang ada di site Penjom, Malaysia untuk sementara belum dapat beroperasi,lantaran harus mengikuti kebijakan pemerintah setempat yang menghentikan semua kegiatan.
Kendati begitu, Edi pun belum bisa menge-luarkan prediksi realisasi hingga akhir tahun baik dari sisi produksi, penjualan maupun kinerja keuangan. Yang terang, PSAB belum berniat untuk mengubah target produksi.
Di tengah kondisi pandemi yang masih melanda, kata Edi, paling tidak PSAB tetap mengejar target seperti realisasi di tahun 2019 lalu. "Belum dapat kami sampaikan (proyeksi keuangan dan realisasi hingga akhir tahun). Perusahaan akan berusaha sebaik mungkin untuk mencapai target seperti tahun 2019. Target kurang lebih sama dengan pencapaian tahun lalu," ungkap Edi kepada Kontan.co.id, Rabu (10/6).
Adapun, PSAB mencatat penjualan sebesar US$ 244,90 juta sepanjang tahun 2019. Capaian PSAB kala itu meningkat 10,01% (yoy) dibandingkan periode yang sama tahun 2018 sebesar US$ 222,60 juta.
Di sisi lain, Beban pokok penjualan PSAB juga meningkat 15,11% (yoy) menjadi US$ 121,70 juta di tahun 2019. Pada tahun sebelumnya,...
IMA-Daily Update Page 12
In the previous year, the company's cost of goods sold was recorded at US$ 105.72 million. Meanwhile, PSAB's net profit fell 97.86% (yoy) from US$ 15.29 million in 2018 to US$ 325,937 in 2019.
As of the end of 2019, total PSAB liabilities reached US$ 637.38 million, an increase of 16.75% (yoy) compared to the value of liabilities in the previous year of US$ 545.91 million.
In the disclosure of information submitted to the Indonesia Stock Exchange (IDX), Tuesday (9/6), the Covid-19 pandemic has an impact on the operational limitations of PSAB within 3 months. The existence of additional protocols carried out following the Covid-19 handling protocol has an impact on roaster schedules or work shifts.
"There needs to be an additional place or quarantine intermediary before entering the factory site, there is an additional mess that must be prepared so that workers do not contact people outside the factory environ-ment," the report said.
From this condition, the estimated decrease in total consolidated income for the March-April 2020 period compared to March-April 2019 is also less than 25%. While the impact on consolidated net income for the March-April 2020 period compared to March-April 2019 is also expected to decrease by less
than 25%.
Pada tahun sebelumnya, beban pokok penjualan emiten ini tercatat sebesar US$ 105,72 juta. Sementara itu, laba bersih PSAB ikut anjlok 97,86% (yoy) dari US$ 15,29 juta di tahun 2018 menjadi US$ 325.937 di tahun 2019.
Per akhir 2019, jumlah liabilitas PSAB men-capai US$ 637,38 juta atau meningkat 16,75% (yoy) dibandingkan nilai liabilitas di tahun sebelumnya sebesar US$ 545,91 juta.
Dalam keterbukaan informasi yang disampai-kan kepada Bursa Efek Indonesia (BEI), Selasa (9/6), pandemi Covid-19 berdampak terhadap pembatasan operasional PSAB dalam kurun waktu 3 bulan. Adanya protokol tambahan yang dilakukan mengikuti protokol penanganan Covid-19 berimbas pada schedule roaster atau shift kerja.
"Perlu ada tambahan tempat atau perantara karantina sebelum masuk ke lokasi pabrik, adanya mess tambahan yang harus disiapkan supaya pekerja tidak ada kontak dengan orang di luar lingkungan pabrik," tulis laporan tersebut.
Dari kondisi itu, perkiraan penurunan total pendapatan konsolidasi untuk periode Maret-April 2020 dibandingkan Maret-April 2019 juga kurang dari 25%. Sedangkan dampak terhadap laba bersih konsolidasi untuk periode Maret-April 2020 dibandingkan Maret-April 2019 juga diperkirakan turun
kurang dari 25%.
Optimistic to Achieve Targets, PTBA Does Not Revise Work Plans
Yanita Petriella
PT BUKIT Asam Tbk (PTBA) is optimistic that it will reach the 2020 coal sales and production target, so that it will not revise the Work Plan and Budget (RKAB).
Optimistis Capai Target, PTBA Tak Revisi Rencana Kerja
Yanita Petriella
PT BUKIT Asam Tbk (PTBA) optimistis mencapai target penjualan dan produksi batu bara 2020, sehingga tak melakukan revisi Rencana Kerja dan Anggaran Belanja (RKAB).
PT Bukit Asam President Director Arviyan Arifin believes the corona virus pandemic will soon end in July. That is because the Large Scale Social Restrictions (PSBB) policy has begun to be relaxed and many countries have adopted a new normal era.
According to him, with these assumptions, the company's production and sales could increase in the second half of this year so that it could close the gap due to the decline in production and sales in the last two months due to Covid-19.
"Our production will not be revised because we have confidence that the condition of the pandemic in July will end. As we see the PSBB being relaxed, many new countries are normal and I hope that in the second semester we can carry out production and sales activities to recover the gap in the past two months amid the pandemic," he said in a virtual press conference on Wednesday (6/10/2020).
He said to be able to achieve coal sales and production targets this year, the company will maintain the existing market. It will also look for new markets to countries that have never been explored, such as Cambodia, Laos, or Vietnam.
"This was done because sales to the existing market have been disrupted since the virus pandemic," he said.
It did not dismiss the Covid-19 pandemic to affect the company's performance. However, the company has a program to anticipate current conditions.
Arviyan remains optimistic that the coal industry will continue to grow because coal is used as the main fuel for energy both in Indonesia and other countries.
"This business plan is prepared so that we will continue to live on target, even though the pandemic has not ended until the end of the year. To keep operational normal, we apply the health protocol," he said.
Direktur Utama PT Bukit Asam Arviyan Arifin meyakini pandemi virus corona akan segera berakhir pada Juli mendatang. Hal itu dikarenakan kebijakan Pembatasan Sosial Berskala Besar (PSBB) telah mulai dilonggar-kan dan banyak negara telah menerapkan era new normal.
Menurutnya, dengan asumsi tersebut, produksi dan penjualan perusahaan bisa meningkat pada semester kedua tahun ini sehingga bisa menutupi gap akibat turunnya produksi dan penjualan dua bulan terakhir karena Covid-19.
"Produksi kami tidak akan revisi karena kami ada keyakinan kondisi pandemi Juli ini bisa berakhir. Sebagaimana kita liat PSBB di-longgarkan, banyak negara new normal dan saya berharap di semester dua ini kami bisa lakukan kegiatan produksi dan penjualan untuk merecover gap dua bulan terakhir di tengah pandemi," ujarnya dalam konferensi pers secara virtual, Rabu (10/6/2020).
Dia menuturkan untuk dapat mencapai target penjualan dan produksi batu bara tahun ini, perusahaan akan mempertahankan pasar eksisting. Selain itu juga akan mencari pasar baru ke negara-negara yang belum pernah dijajaki, seperti Kamboja, Laos, atau Vietnam.
"Ini dilakukan karena penjualan ke pasar eksisting terganggu sejak adanya pandemi virus itu," katanya.
Pihaknya tak menampik pandemi Covid-19 mempengaruhi kinerja perusahaan. Namun, perusahaan memiliki program untuk mengantisipasi kondisi saat ini.
Arviyan tetap optimistis industri batu bara akan tetap bisa tumbuh karena batu bara digunakan sebagai bahan bakar utama energi baik di Indonesia maupun negara lain.
"Bisnis plan ini disiapkan agar kami tetap survive sesuai target, meski pandemi belum berakhir sampai akhir tahun. Untuk jaga operasional tetap normal, kami menerapkan protokol kesehatan," ucapnya.
IMA-Daily Update Page 14
PTBA has a coal production target of 30.3 million tons so far this year, up 4 percent from last year's realization of 29.1 million tons. For the 2020 transportation target of 27.5 million tons, an increase of 13 percent from the realization of railroad transport of 24.2 million tons in 2019.
Then coal sales are targeted at 29.9 million tons, consisting of domestic sales of 21.6 million tons and export sales of 8.3 million tons this year. The sales target is up 8 percent from last year's coal sales realization of 24.7 million tons.
Until the end of the first quarter of this year, the company's coal sales increased 2.1 percent from 6.6 million tons to 6.8 million tons. Editor: David Eka Issetiabudi
PTBA memiliki target produksi batu bara sebesar 30,3 juta ton sepanjang tahun ini atau naik 4 persen dari realisasi tahun lalu yang sebesar 29,1 juta ton. Untuk target angkutan pada 2020 sebesar 27,5 juta ton atau mening-kat 13 persen dari realisasi angkutan kereta api sebesar 24,2 juta ton di 2019.
Lalu penjualan batu bara ditargetkan sebanyak 29,9 juta ton yang terdiri dari penjualan domestik sebesar 21,6 juta ton dan penjualan ekspor sebesar 8,3 juta ton di tahun ini. Target penjualan tersebut me-ningkat 8 persen dari realisasi penjualan batu bara tahun lalu sebesar 24,7 juta ton.
Hingga akhir kuartal pertama tahun ini, penjualan batu bara perusahaan mengalami kenaikan 2,1 persen dari 6,6 juta ton menjadi 6,8 juta ton. Editor : David Eka Issetiabudi
Petrosea (PTRO) Prepares Funds of US$ 2 million for Stock Buybacks
Reporter: Nur Qolbi | Editor: Wahyu T. Rahmawati
PT PETROSEA Tbk (PTRO) construction and mining issuers will buy back up to US$ 2 million shares listed on the Indonesia Stock Exchange (IDX). This value is equivalent to Rp 30 billion, assuming an exchange rate of Rp 15,000 per US dollar.
In accordance SEOJK No. 3 of 2020, the number of shares to be repurchased by Petrosea will not exceed 20% of paid up capital. This stock buyback will be carried out in stages over a period of three months, starting from 11 June 2020 to 8 September 2020.
This Indika Energy Group member will repurchase these shares at a price deemed good and reasonable by management. PTRO appoints...
Petrosea (PTRO) menyiapkan dana US$ 2 juta untuk buyback saham
Reporter: Nur Qolbi | Editor: Wahyu T. Rahmawati
EMITEN konstruksi dan jasa pertambangan PT Petrosea Tbk (PTRO) akan membeli kembali (buyback) saham yang tercatat di Bursa Efek Indonesia (BEI) sebesar-besarnya US$ 2 juta. Nilai tersebut setara Rp 30 miliar dengan asumsi kurs Rp 15.000 per dolar Amerika Serikat (AS).
Sesuai SEOJK No. 3 Tahun 2020, jumlah saham yang akan dibeli kembali oleh Petrosea tidak akan melebihi 20% dari modal disetor. Buyback saham ini bakal dilakukan secara bertahap dalam jangka waktu tiga bulan, mulai dari 11 Juni 2020 sampai dengan 8 September 2020.
Anggota Indika Energy Group ini akan membeli kembali saham-saham tersebut pada harga yang dianggap baik dan wajar oleh manajemen. PTRO menunjuk...
PTRO appoints PT Mandiri Sekuritas as an intermediary for securities trading. Buyback of shares will be done at a lower price or the same as the closing price of the previous trade.
Based on Petrosea's information disclosure on Wednesday (10/6), the buyback fund of US$ 2 million was sourced from internal cash. This value does not include share repurchase transaction costs, brokerage commissions, and other costs.
Even so, PTRO management believes that the realization of this buyback will not have a material negative impact on the company's business activities. The reason, PTRO has enough working capital to carry out the financing of this transaction in conjunction with business activities.
As an illustration, at the end of 2019, PTRO's assets reached US$ 551.04 million with equity of US$ 212.56 million and current year profit of US$ 31.32 million. In addition, the potential loss from the transfer of assets in the form of cash to treasury stock is not expected to significantly affect the company's revenue.
This stock buyback step was taken in connection with stock trading conditions on the IDX which since the beginning of 2020 fluctuated significantly. So far this year, PTRO's share price has dropped 20.87% to Rp
1,270 per share until Wednesday (10/6).
PTRO menunjuk PT Mandiri Sekuritas sebagai perantara perdagangan efek. Buyback saham bakal dilakukan pada harga yang lebih rendah atau sama dengan harga penutupan perdagangan sebelumnya.
Berdasarkan keterbukaan informasi Petrosea, Rabu (10/6), dana buyback yang sebesar US$ 2 juta bersumber dari kas internal. Nilai tersebut belum termasuk biaya transaksi pembelian kembali saham, komisi broker, serta biaya lainnya.
Meskipun begitu, manajemen PTRO yakin, realisasi buyback ini tidak akan memberi dampak negatif yang material pada kegiatan usaha perusahaan. Alasannya, PTRO memiliki modal kerja yang cukup untuk melaksanakan pembiayaan transaksi ini bersamaan dengan kegiatan usaha.
Sebagai gambaran, per akhir 2019, aset PTRO mencapai US$ 551,04 juta dengan ekuitas US$ 212,56 juta dan laba tahun berjalan US$ 31,32 juta. Selain itu, potensi kerugian dari peng-alihan aset berupa kas menjadi treasury stock diperkirakan tidak akan memengaruhi penda-patan perusahaan secara signifikan.
Langkah buyback saham ini diambil sehu-bungan dengan kondisi perdagangan saham di BEI yang sejak awal tahun 2020 berfluktuasi signifikan. Sepanjang tahun ini, harga saham PTRO merosot 20,87% ke posisi Rp 1.270 per
saham hingga perdagangan Rabu (10/6).
Bukit Asam Gasification Project Rp28 T Will be Commercial 2025
THE STATE-owned coal issuer, PT Bukit Asam Tbk (PTBA) is targeting the coal gasification project to be commercialized by 2025 at the latest.
Proyek Gasifikasi Bukit Asam Rp 28 T Bakal Komersial 2025
EMITEN batu bara milik negara, PT Bukit Asam Tbk (PTBA) menargetkan proyek gasifikasi batu bara dapat dikomersialisasi-kan selambatnya pada 2025 mendatang.
At present the project is still in the preparation stages of fit and engineering, procurement, construction (EPC) and construction will start immediately.
Managing Director of Bukit Asam Arviyan Arifin said the project was ongoing with an investment of US$ 2 billion or equivalent to Rp 28 trillion (assuming an exchange rate of Rp 14,000/US$).
"The plan for cooperation with Air Products continues with an investment value of US$ 2 billion and is now being reviewed, soon to start fit and EPC, commercially expected to be 2024-2025," Arviyan said in a virtual press conference on Wednesday (06/10/2020).
The project in question is a coal gasification project in collaboration with PT Pertamina (Persero) and Air Products and Chemicals, Inc. which will later produce Dimethyl Ether (DME). In its development, the same project will also produce methanol and monoethylene glycol (MEG).
While other gasification projects in collaboration with Pertamina, PT Pupuk Indonesia (Persero), PT Chandra Asri Petrochemical Tbk (TPIA).
From here the company produces a number of products including DME which is a coal gasification product and can be used as a substitute for LPG, but it will also produce fertilizer and polypropylene.
"The project with Chandra Asri is looking for the right formula related to Chandra Asri's needs, because he needs methanol for raw materials and is still [ongoing], there are no plans to pull out or cancel," he said.
Previously Arviyan also stressed that the project is still on track and will start soon. "Right away," he stressed.
Saat ini proyek tersebut masih dalam tahap persiapan fit dan engineering, procurement, construction (EPC) dan akan segera di-mulai pembangunannya.
Direktur Utama Bukit Asam Arviyan Arifin mengatakan proyek tersebut tetap berjalan dengan nilai investasi senilai US$ 2 miliar atau setara dengan Rp 28 triliun (asumsi kurs Rp 14.000/US$).
"Rencana kerja sama dengan Air Products tetap berlanjut dengan nilai investasi US$ 2 miliar dan sekarang ini lagi kaji segera mulai fit dan EPC, komersial diharapkan 2024-2025," kata Arviyan dalam konfe-rensi pers virtual, Rabu (10/6/2020).
Proyek yang dimaksud adalah proyek gasifikasi batu bara miliknya yang bekerja sama dengan PT Pertamina (Persero) dan Air Products and Chemicals, Inc. yang nantinya akan menghasilkan Dimethyl Ether (DME). Dalam pengembangannya, dari proyek yang sama juga akan meng-hasilkan metanol dan monoethylene glycol (MEG).
Sedangkan proyek gasifikasi lainnya yang bekerja sama dengan Pertamina, PT Pupuk Indonesia (Persero), PT Chandra Asri Petrochemical Tbk (TPIA).
Dari sini perusahaan memproduksi sejumlah produk antara lain DME yang merupakan produk gasifikasi batu bara dan bisa dijadikan substitusi LPG, selain itu juga akan memproduksi pupuk dan polypropylene.
"Proyek dengan Chandra Asri sedang cari formula yang tepat terkait kebutuhan Chandra Asri karena dia butuhkan metanol buat bahan baku dan tetap [berjalan], belum ada rencana pull out atau pem-batalan," tegasnya.
Arviyan sebelumnya juga menegaskan bahwa proyek ini masih on track dan akan segera dimulai. "Segera," tegasnya.
IMA-Daily Update Page 17
The project signing was also forced to be delayed after it was planned to be carried out last March. According to the plan, the signing will be carried out directly by President Joko Widodo (Jokowi) after holding a meeting of leaders of ASEAN countries with the United States (US).
"Still, the previous program, the plan to sign the US according to plan when the president attends the ASEAN Summit, but because there is a corona outbreak, President Trump [Donald Trump] post-poned this event, so it will automatically adjust later," Arviyan said when met at the office Ministry of BUMN, Jakarta, Tuesday (3/3/2020).
At that time, Arviyan mentioned that the gasification project should have entered the final stage, namely to start the gasification execution. But unfortunately, because of the Covid-19 outbreak, Bukit Asam could not be sure how long the project would be delayed.
The gasification project is a collaboration of mine mouth downstreaming into DME. Through gasification technology, coal will be converted into syngas (synthetic gas) which will then be processed again into the final product (finished).
Previously, Air Products also signed a partnership with the Bakrie consortium. Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan said Air Products from the US signed a US$ 2.5 billion methanol investment project with the Bakrie consortium.
Bakrie Group consortiums namely PT Bakrie Capital Indonesia (BCI), PT Bumi Resources Tbk (BUMI), PT Ithaca Resources, together with Air Products formed a strategic alliance to build a methanol industry worth more than US$ 2 billion or equivalent to Rp 28 trillion in Batuta Industrial Chemical Park, Bengalon, East Kutai, East Kalimantan.
Penandatanganan proyek ini juga terpaksa molor setelah direncanakan akan dilaksana-kan pada Maret lalu. Menurut rencana, penandatanganan akan dilakukan langsung oleh Presiden Joko Widodo (Jokowi) setelah menggelar pertemuan pemimpin negara ASEAN dengan Amerika Serikat (AS).
"Masih yang program yang lama, memang rencana mau tanda tangan di Amerika sesuai rencana saat presiden menghadiri ASEAN Summit tapi karena ada wabah corona kan Presiden Trump [Donald Trump] tunda acara ini, jadi otomatis akan menyesuaikan nanti," kata Arviyan ketika ditemui di kantor Kementerian BUMN, Jakarta, Selasa (3/3/2020).
Saat itu Arviyan menyebutkan bahwa proyek gasifikasi ini seharusnya sudah masuk dalam tahap akhir yakni memulai eksekusi gasifikasi. Namun sayang, karena wabah Covid-19, Bukit Asam saat itu tak bisa memastikan hingga kapan proyek ini akan molor.
Adapun proyek gasifikasi ini merupakan kerja sama hilirisasi mulut tambang menjadi DME. Melalui teknologi gasifikasi, batu bara akan diubah menjadi syngas (gas sintetis) yang kemudian akan diproses kembali menjadi produk akhir (jadi).
Sebelumnya Air Products juga meneken kerja sama dengan konsorsium Bakrie. Menteri Koordinator Bidang Kemaritiman dan Investasi Luhut Binsar Pandjaitan mengatakan Air Products asal AS menanda-tangani proyek investasi metanol senilai US$ 2,5 miliar dengan konsorsium Bakrie.
Konsorsium Grup Bakrie yakni PT Bakrie Capital Indonesia (BCI), PT Bumi Resources Tbk (BUMI), PT Ithaca Resources, bersama dengan Air Products menjalin aliansi strategis membangun industri metanol senilai US$ 2 miliar lebih atau setara Rp 28 triliun di Batuta Industrial Chemical Park, Bengalon, Kutai Timur, Kalimantan Timur.
"So even though Covid-19 is like this, Indonesia is still sexy for other people. Just how do we make it. This morning [Friday, 5/15] I also talked to Washington, agreed, just need to match the time," said Luhut, in an interview with RRI, quoted by CNBC Indonesia, Monday (05/18/2020). Monica Wareza (tas/tas)
"Jadi walau sedang Covid-19 begini, tetap Indonesia itu seksi buat orang lain. Tinggal bagaimana kita buat anunya saja. Tadi pagi [Jumat, 15/5] saya sudah bicara juga dengan Washington, sepakat, tinggal cocokkan waktu saja," kata Luhut, dalam wawancara dengan RRI, dikutip CNBC Indonesia, Senin (18/5/2020). Monica Wareza (tas/tas)
Quarter I/2020, Delta Dunia Makmur (DOID) Revenue
Declines 9 Percent Dwi Nicken Tari
THE MINING contractor, PT Delta Dunia Makmur Tbk., Posted a loss during the first three months of this year.
Based on the financial statements as of March 31, 2020, the issuer coded DOID recorded a net loss that could be attributed to the owner of the parent entity worth US$ 22.69 million, turning around profit position of US$ 1.36 million in the same period last year.
In terms of revenue, DOID recorded a decrease of 9.39% to US$ 193.82 million in the first quarter of 2020 compared to US$ 213.91 million in the first quarter of 2019.
Although operating expenses and financial expenses were recorded to have decreased slightly, the company's other expenses swelled to US$ 30.62 million from US$ 343.75 thousand.
Meanwhile, EBITDA was recorded at US$ 62.98 million, up 17.5% from US$ 53.60 million in the same period last year.
The EBITDA of revenue had a 32% share in the quarter I/2020 compared to 27% at the end of 2019.
Kuartal I/2020, Pendapatan Delta Dunia Makmur (DOID)
Turun 9 Persen Dwi Nicken Tari
EMITEN kontraktor pertambangan, PT Delta Dunia Makmur Tbk.,membukukan kerugian selama periode tiga bulan pertama tahun ini.
Berdasarkan laporan keuangan per 31 Maret 2020, emiten bersandi saham DOID ini mencatatkan rugi neto yang dapat di-atribusikan kepada pemillik entitas induk senilai US$22,69 juta berbalik posisi laba senilai US$1,36 juta pada periode yang sama tahun lalu.
Dari sisi pendapatan, DOID mencatatkan penurunan sebesar 9,39% menjadi US$ 193,82 juta pada kuartal I/2020 diban-dingkan dengan perolehan US$213,91 juta pada kuartal I/2019.
Walaupun beban usaha dan beban keuangan tercatat turun tipis, beban lain-lain per-seroan membengkak menjadi US$30,62 juta dari sebelumnya US$343,75 ribu.
Sementara itu EBITDA tercatat senilai US$ 62,98 juta atau naik 17,5% dari posisi US$ 53,60 juta pada periode yang sama tahun lalu.
Adapun EBITDA terhadap pendapatan me-miliki porsi 32% pada kuartal I/2020 di-bandingkan dengan 27% pada akhir 2019.
In terms of assets, the company maintained the value of current and non-current assets valued at US$ 1.11 billion, down 5.93% compared to the position at the end of 2019 valued at US$ 1.18 billion.
Furthermore, total liabilities were reduced to US$ 860.42 million from US$ 901.34 million at the end of 2019.
Previously, DOID conveyed the realization of coal overburden removal or overburden removal volume was down 11 percent in the I/2020 quarter compared to the same period in 2019.
Delta Dunia Makmur Head of Investor Relations Regina Korompis said that the realization of stripping volume reached 32 million bank cubic meters (bcm) in March 2020. Thus, in the first quarter of this year the company's OB volume was recorded at 87.3 million bcm, down 11 percent on an annual basis.
Meanwhile, the company has recorded coal production volume of 4.5 million tons in March 2020, so that the production volume during the first quarter of this year amounted to 12 million tons, down slightly by 1 percent annually.
On the other hand, DOID estimates that in the coming months production volumes will again fall in line with the temporary suspension of mining activities from PT Bayan Resources Tbk. (BYAN), one of its mining contracting service consumers, due to Covid-19 sentiment.
However, Regina explained that the temporary closure is believed to only have an impact on the number of monthly production volumes and the company can still meet annual production targets by boosting production in the remaining months after the mine returns to operations.
Dari sisi aset, perseroan menjaga nilai aset lancar dan tidak lancar senilai US$1,11 miliar, turun 5,93% dibandingkan posisi pada akhir 2019 senilai US$1,18 miliar.
Selanjutnya, jumlah liabilitas ditekan men-jadi US$860,42 juta dari posisi US$901,34 juta pada akhir 2019.
Sebelumnya, DOID menyampaikan reali-
sasi volume pengupasan lapisan penutup atau overburden removal batu bara turun 11 persen pada kuartal I/2020 diban-dingkan dengan periode yang sama 2019.
Head of Investor Relations Delta Dunia Makmur Regina Korompis mengatakan bahwa realisasi volume pengupasan mencapai 32 juta bank cubic meter (bcm) pada Maret 2020. Dengan demikian, pada kuartal pertama tahun ini volume OB perseroan tercatat sebesar 87,3 juta bcm,
atau turun 11 persen secara tahunan.
Adapun, perseroan telah membukukan volume produksi batu bara sebesar 4,5 juta ton pada Maret 2020, sehingga volume produksi sepanjang kuartal pertama tahun ini sebesar 12 juta ton atau turun tipis 1 persen secara tahunan.
Di sisi lain, DOID memperkirakan dalam beberapa bulan mendatang volume pro-duksi akan kembali turun seiring dengan penghentian sementara aktivitas tambang
dari PT Bayan Resources Tbk. (BYAN), salah satu konsumen jasa kontraktor pertambangannya, akibat sentimen Covid-19.
Namun, Regina menjelaskan penutupan sementara itu diyakini hanya akan ber-dampak pada jumlah volume produksi bulanan dan perseroan masih dapat memenuhi target produksi secara tahunan dengan menggenjot produksi di sisa bulan
setelah tambang kembali beroperasional.
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Regina also said that the company would still maintain the targets and guidelines set at the beginning of this year, despite a declining performance trend amid the Covid-19 pandemic.
As is known, DOID is targeting this year's OB volume in the range of 350-390 million bcm with capital expenditure (capex) allocations below US$ 100 million.
In addition, the company also targets this year's revenue to be in the range of US$ 800-US$ 900 million with EBITDA in the range of US$ 320-US$ 260 million. Editor: Hafiyyan
Regina pun mengatakan bahwa perseroan masih akan mempertahankan target dan panduan yang ditetapkan pada awal tahun ini, kendati mengalami tren kinerja yang menurun di tengah pandemi Covid-19.
Sebagaimana diketahui, DOID menargetkan volume OB pada tahun ini di kisaran 350-390 juta bcm dengan alokasi belanja modal atau capital expenditure (capex) di bawah US$100 juta.
Selain itu, perseroan juga menargetkan pen-dapatan tahun ini berada di kisaran US$800-US$900 juta dengan EBITDA di kisaran US$320-US$260 juta. Editor : Hafiyyan
Why Does Coal Price Difficult to Level US$ 60/Ton?
Tirta Citradi, CNBC Indonesia
THE FATE of coal commodities is getting worse, the price is now sinking. The road to prices before the corona pandemic occurred at US$ 60/ton is challenging, steep and rocky.
Yesterday (06/10/2020) Newcastle thermal coal prices for busy contracts were again closed with weakening. The price of black sand was corrected by 1.48% to US$ 53.2/ton. This is the lowest price since May 11, 2020.
Although the economy has begun to reopen gradually, the prospect of demand for coal is sti ll fi lled with uncertainty. Trade restrictions appear to be a barrier to China's coal imports. When in fact the opportunity for China to import more coal is still open. Customs data shows coal imports for all types reached 22.1 million tons in May, down 29% from the previous month and lower than 21.8 million tons in May last year.
Kenapa Harga Batu Bara Susah ke Level US$ 60/Ton? Tirta Citradi, CNBC Indonesia
NASIB komoditas batu bara kian terpuruk, harganya kini kian ambles. Jalan menuju harga sebelum pandemi corona terjadi di US$ 60/ton penuh tantangan, terjal dan berbatu.
Kemarin (10/6/2020) harga batu bara termal Newcastle untuk kontrak yang ramai ditran-saksikan kembali ditutup dengan pelemahan. Harga pasir hitam ini terkoreksi sebesar 1,48% ke US$ 53,2/ton. Ini merupakan harga terendah sejak 11 Mei 2020.
Meskipun ekonomi sudah mulai dibuka kembali secara gradual, prospek permintaan terhadap batu bara masih di liputi ketidakpastian. Pembatasan perdagangan tampaknya menjadi penghalang impor batu bara China. Padahal sebenarnya peluang China untuk mengimpor batu bara lebih banyak masih terbuka. Data bea cukai menunjukkan impor batu bara untuk semua jenis mencapai 22,1 juta ton pada Mei, turun 29% dari bulan sebelumnya dan lebih rendah dari 21,8 juta ton pada Mei tahun lalu.
IMA-Daily Update Page 21
Although China's import policy remains unclear, import restrictions such as port quotas have become a growing problem in recent weeks. This was conveyed directly by coal traders to Reuters.
This import restriction is a step by the Chinese government to protect local coal producers after the price of domestic coal has fallen sharply due to the corona pandemic.
However, in recent times, the price of Chinese domestic coal has tended to rise and is higher than the price of shipping imported coal. Usually this will trigger a surge in imports. But the opposite happened, Chinese imports actually declined.
Analysts see that the high volume of Chinese coal imports earlier this year cannot be sustained continuously given the policy of import restrictions and the possibility of reducing supply from high-cost producers.
Tensions that occur between China and Australia also become a factor that needs to be examined and can have an impact on coal demand from Australia given the Land of the Kangaroo is one of the largest suppliers of coal to the Land of Panda.
In addition, South Korea and Japan's total coal imports, which were still low at the beginning of this month, also became another sentiment which helped to suppress the price of this superior commodity in Australia and Indonesia.
Referring to Refinitiv Coal Flow data, for the week ended June 7, the total coal imports of South Korea and Japan were 0.98 and 1.99 million tons, respectively. Lower compared to 1.88 and 3.31 million tons imported in each country in the last week of May.
Meskipun kebijakan impor China masih belum jelas, pembatasan impor seperti adanya kuota pelabuhan telah menjadi masalah yang terus berkembang dalam beberapa pekan terakhir. Hal ini disampai-kan langsung oleh para trader batu bara kepada Reuters.
Pembatasan impor ini adalah langkah pemerintah China untuk melindungi produsen batu bara lokal setelah harga batu bara domestiknya turun tajam akibat pandemi corona.
Namun beberapa waktu terakhir, harga batu bara domestik Cina cenderung naik dan lebih tinggi daripada harga pengiriman batu bara impor. Biasanya ini akan memicu lonjakan impor. Namun hal yang sebaliknya malah terjadi, impor China justru menurun.
Analis melihat bahwa tingginya volume impor batu bara China awal tahun ini tidak mungkin dipertahankan terus menerus mengingat adanya kebijakan pembatasan impor dan kemungkinan pengurangan pasokan dari produsen yang berbiaya tinggi.
Ketegangan yang terjadi antara China dengan Australia juga turut menjadi faktor yang perlu dicermati dan dapat berdampak pada permintaan batu bara dari Australia mengingat Negeri Kangguru menjadi salah satu pemasok terbesar batu bara ke Negeri Panda.
Selain itu impor batubara total Korea Selatan dan Jepang yang masih rendah di awal bulan ini juga menjadi sentimen lain yang turut menekan harga komoditas unggulan Australia dan Indonesia ini.
Mengacu pada data Refinitiv Coal Flow, untuk pekan yang berakhir pada 7 Juni, total impor batu bara Korea Selatan dan Jepang masing-masing adalah 0,98 dan 1,99 juta ton. Lebih rendah dibandingkan dengan 1,88 dan 3,31 juta ton yang diimpor di setiap negara pada minggu terakhir bulan Mei.
IMA-Daily Update Page 22
Actually, the potential increase in coal demand does exist if you see the temperature in North Asian countries which are warmer than normal, making the need for cooling increase. However, the availability and cheap price of gas as a substitute fuel poses a threat to coal. CNBC
INDONESIA RESEARCH TEAM (twg/twg)
Sebenarnya potensi naiknya permintaan batu bara memang ada jika melihat temperatur di negara-negara Asia Utara yang lebih hangat dari normal membuat kebutuhan akan pendingin menjadi me-ningkat. Namun ketersediaan dan murah-nya harga gas sebagai bahan bakar subs-titusi menjadi ancaman bagi batu bara. TIM RISET CNBC INDONESIA (twg/twg)
Covid-19 has everyone ditching coal quicker – except Asia Bloomberg News
WHILE the coronavirus pandemic is accelerating the death of coal in developed nations, the dirtiest fossil fuel is alive and kicking in Asia.
Demand for electricity plunged — and with it the need for coal — as factories around the world sat dormant and people spent months at home. In the U.S. and Europe, that’s expected to accelerate the shift away from the fuel. But in Asia, which makes up three-fourths of global consumption, the appetite for coal is roaring back and expected to continue growing after briefly being tripped up by the virus.
Coal is caught between conflicting geographies — one where its demise is celebrated in favor of cleaner options, and another where the cheap fuel powers rapidly developing economies. At stake is a $200 billion industry at the crux of the global fight to rein in carbon emissions that are driving climate change.
“The future of coal depends on Asian demand, which is still growing, and is offsetting the decline from the rest of the world over the next decade,” said Shirley Zhang, an analyst at Wood Mackenzie Ltd.
The U.S. coal industry has been hit hardest. As power demand slumped, American utilities shut coal plants first, crimping domestic consumption of the fuel. While exports have propped up miners’ earnings in past years, falling global prices have made international shipments less profitable, for both thermal coal for power plants and the metallurgical variety used to make steel.
The U.S. is expected to burn about 394 million tons of coal this year, the U.S. Energy Information Administration said Tuesday, lowering the forecast 26% from its January outlook. The agency has revised down its target for exports by 24% to 64 million tons. Summer electricity demand is expected to be the lowest since 2009.
“Coal has really taken it on the chin,” said Benjamin Nelson, an analyst with Moody’s Investors Service. He’s not expecting a rebound next year, and instead expects to see a slow recovery that prompts utilities to shift further away from the fuel. “The longer the economic malaise, the more likely it is that coal plants will get shut down.”
The story is similar in Europe, where the green transition is more advanced and coal prices in May slumped to the lowest level since 2016, when the industry was beset by a wave of bankruptcies. The U.K. hasn’t burned coal for power since April 9, the longest coal-free period since the country opened the world’s first coal-fired public power station in 1882.
The economics elsewhere in Europe don’t stack up either. Planned coal expansions have been scrapped in Poland and the Czech Republic, while Austria and Sweden have closed their last plants during the pandemic. Even in Germany, where the fuel remains entrenched, coal supplied about 20% of the power mix in the first five months of the year, compared to 31% in 2019.
Utilities in the U.S. and Europe may accelerate some plant retirements because of lower demand from Covid-19, according to Carlos Fernandez Alvarez, senior energy analyst at the Paris-based International Energy Agency. “But overall, in the medium term, I don’t see a big impact. When demand recovers, a great part of this will come back,” he said by phone.
Asia, however, is another story. The continent remains coal’s stronghold and is slated to buoy global demand for the next decade as consumption drops elsewhere. Asia’s share in total global coal demand will expand from about 77% now to around 81% by 2030, according to IHS Markit.
While global consumption by 2030 is forecast to rise slightly to 3.68 billion tons of oil equivalent, according to IHS Market, Asia’s share of that total will expand from about 77% now to around 81% over new decade.
For China, which burns and mines about half the world’s coal, the fuel is key to economic health. Coal mining and washing employs about 3.5 million people and provides abundant fuel for the world’s top energy consumer and second-biggest economy.
China may add as much as 130 gigawatts of coal-fired generating capacity over the next five years to reach a peak of about 1,200 gigawatts and will dominate the nation’s generation mix, Woodmac analyst Frank Yu said in a May 22 report.
Economic growth and stimulus is the government’s current priority, and with coal accounting for about 65% of the generation mix, it’s critical to keeping China’s electricity prices low, Yu said. The pandemic may even slow the country’s efforts to move away from the fuel, according to Kevin Tu, a non-resident fellow at Columbia University’s Center on Global Energy Policy.
“Against the backdrop of rising anxieties over economic growth and energy security among Chinese decision makers, upgrading China’s climate ambitions will be politically challenging,” Tu wrote in a June 4 report. “Diminishing coal’s role in China’s energy mix will be more difficult, with potential long-term detrimental impacts on global carbon emissions and prospects for China’s renewable development.”
Reinforced commitment
In India, the government of Prime Minister Narendra Modi last month reinforced its commitment to coal as part of broader Covid-19 stimulus measures, including more than $6 billion on coal transport infrastructure and offering 50 mining blocks for auction.
IMA-Daily Update Page 24
Meanwhile, the annual output target for state-owned Coal India Ltd., the world’s biggest miner of the fuel, was boosted 18% to 710 million tons, an ambitious target fueled by government expectations that power demand will rebound. And its 1 billion-ton target by 2024 remains intact.
Southeast Asian nations including Indonesia, Vietnam and the Philippines are also poised to boost global coal demand over the medium term, according to IEA’s Fernandez Alvarez.
While Covid-19 means that Asian demand for coal is likely to fall year-over-year in 2020, that won’t become a new trend, according to IHS Markit analyst James Stevenson.
“We had been expecting Asian growth in the long term, and we still expect that,” Stevenson said by phone. “It will just be building off a lower base for 2020 because of Covid-19. We will return to growth”
The Asian growth isn’t necessarily going to be replicated in Africa where abundant renewable resources have gone largely gone untapped. In Sub-Saharan Africa total power generation will almost double by the start of the next decade to feed the rapid economic and population growth, particularly in major cities.
Coal generation made up over 57% of the region’s power needs in 2019, that number will shrink to 30% by 2030 as countries in the region add more renewable technologies at a faster rate than they ever have, according to BloombergNEF forecasts.
(By Will Wade, Jeremy Hodges and Stephen Stapczynski, with assistance from Brian Parkin, Jing Yang, Rajesh Kumar Singh, Gerson Freitas Jr and Paul Burkhardt)
Outotec to deliver minerals processing equipment to Chile Published by Jessica Casey, Editorial Assistant
OUTOTEC has been awarded a contract by Gold Fields for the delivery of process equipment
to their Salares Norte greenfield gold project in the Atacama region of Northern Chile. The contract value booked in Outotec's 2Q20 order intake is approximately €14 million.
Outotec's scope of work includes the design and delivery of one 4 MW SAG mill and one 4 MW Ball mill, as well as five thickeners and one clarifier to be used in different process phases. Grinding mills are provided with Outotec® Polymer Hydrostatic Shoe Bearing (HSB) system, which is fitted to all new Outotec HSB grinding mills as a standard. The system is designed to maximise grinding mill availability and simplify maintenance. Both thickeners and clarifiers are the company’s modular designs that enable minimised site installation time.
Gold Fields is a South African, globally operating gold producer, who is the 100% owner of the Salares Norte project. Once operational, the concentrator plant will have an average
throughput of 2 million tpy of ore. The equipment is planned to be delivered in 2Q21.
"We are pleased to deliver our energy efficient and advanced process equipment to Gold Fields and support them in building profitable and sustainable operations in the challenging site location in high altitude," noted Paul Sohlberg, head of Outotec's Minerals Processing business.
Martin Engineering conveys speciality contractor message Posted by Daniel Gleeson
USING a specialty contractor for installation and ongoing maintenance of conveyor belts contributes to safer and more efficient production – with less unscheduled downtime – and, in the long run, saves money and reduces injuries, according to Martin Engineering.
“Performance problems with conveyor components and systems can frequently be traced to improper installation or insufficient maintenance,” the bulk material handling innovator says. “It is recommended that the component manufacturer or expert contractor install equipment on both new and retrofit applications.”
Serious performance problems stem from a lack of proper maintenance, which is exacerbated by several factors.
Training and retention
The time and resources required to train employees on equipment and certify them to conduct certain procedures such as confined space entry, electrical work, etc can be a significant ongoing expense, Martin Engineering says.
As workers become more experienced and gain certifications to properly maintain efficient systems, their value in the marketplace rises. This leads to retention becoming an issue.
“In contrast, specialty contractors must be experienced, knowledgeable and certified to conduct the appointed maintenance, and it’s up to the contracted company to retain and train that staff,” the company says.
Maintenance danger zones
Due to a greater emphasis on safety and the expensive consequences of unscheduled downtime, bulk handlers are being more meticulous about conveyor operation and maintenance, according to Martin Engineering.
This increased scrutiny includes regular cleaning of spillage, improved dust control, and additional monitoring and maintenance, which expose employees to a moving system more often. These changes introduce a variety of hazards.
Conveyor danger zones where work injuries are likely to occur include: • Loading zone; • Discharge zone; • Mechanical/electrical equipment;
IMA-Daily Update Page 26
• Rotating pinch/shear points; • Underneath the conveyor; and • Unguarded reach-in points.
Danger zones exist along the entire length of the belt, many at maintenance points
“Most common conveyor-related issues are found across a wide range of industries, and personnel who work around the equipment on a daily basis often become complacent about the conditions, viewing issues as an unavoidable outcome of production rather than abnormalities in need of resolution,” the company says.
“An experienced maintenance contractor recognises these problems and may present solutions that internal resources have overlooked. The improvements are designed to reduce employee exposure, improve workplace safety and maximise productivity.”
IMA-Daily Update Page 27
Service contract types
Maintenance programs differ by provider and may be customisable to suit individual customers, but they generally fall into three categories: inspection/report, cleaning/servicing and full service.
A scheduled inspection and report contract results in a specialty contractor coming to site to thoroughly examine a system – from belt health to equipment function to the surrounding environment – and identify potential issues. A report is produced that presents findings and offers solutions.
The cleaning and servicing contracts are perhaps the most common, Martin Engineering says.
From spillage and silo cleaning to monitoring and changing belt cleaner blades, services can be very specific and fill gaps where maintenance crews might be overstretched. “The first advantage to this is that a conveyor can be surveyed without requiring the attention of plant personnel, freeing them to go about their usual tasks,” the company says. “A second advantage is that the outside surveyor is an expert in proper conveyor practices and current governmental regulations.”
At the highest level, a full service and maintenance contract sends trained technicians who take accountability for monitoring, maintaining and reporting on every level of system function. They replace wear components when needed and propose required upgrades to maximise efficiency, safety and uptime.
“This provides operators with cost certainty, making it easier to project and manage the cost of operation,” the company says.
Return on investment (ROI)
Increasing speeds and volumes on older conveyor systems designed for lower production levels contribute to workplace injuries and increased downtime. Capital investments in newer semi- or fully-automated systems designed for higher throughput require less labour, but the maintenance staff needs to be highly trained by specialised technicians.
Maintenance service contracts deliver the best ROI, according to Martin Engineering, through a series of factors:
• Compliance – the contractor points out compliance issues and offers solutions prior to expensive fines and violations;
• Injuries/liability – contractors rely on a strict set of safety procedures to conduct maintenance, reducing liability;
• Efficiency – maintenance service contracts focus on improving and sustaining uptime with the least capital investment possible;
• Consistency – contractors have a clear directive and are not affected by internal factors (labour disputes, morale, etc); and
• Cost of operation – with a defined scope of work on a set budget, along with clear reporting and recommendations on pending needs, operators can better forecast improvements and control labour costs, further improving ROI over time.
Maintenance service contracts are not just a way of controlling and potentially reducing the cost of operation, they are also a safety mechanism.
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For example, one case study showed a 79% reduction in lost time incidents and a 40%
improvement in production using specialty services, which demonstrated payback in days
from an annual specialty maintenance contract.
“Workloads may preclude staff from maintaining proper compliance or they just might not
notice some violations,” the company says. “Outside resources take ownership of the plant’s
efficient and productive use of the conveyor system and strive to improve conveyor
efficiency, maximise equipment life and safety to add value to the operation.”
At the core of the issue is lower operating costs and improved production. The work should
match or improve efficiency regarding downtime and throughput. If the criteria of
compliance, cost savings and efficiency are met, then the maintenance service contract has
provided a tenable ongoing solution, Martin Engineering concluded.
Air Products invests US$2bn in world-scale coal-to-methanol facility Article by Amanda Jasi
AIR Products is to invest US$2bn as part of a long-term agreement for a world-scale coal-to-
methanol facility in Bengalon, East Kalimantan, Indonesia. The facility will produce nearly 2m
t/y of methanol from almost 6m t/y of coal.
Methanol can be used as a fuel, and it is a promising energy carrier. Additionally, it serves as a
precursor to other chemicals, including formaldehyde which is used in many areas, especially
in polymer production.
Air Products’ investment will be used to build, own, and operate air separation, gasification,
syngas cleanup, utilities, and methanol production assets.
Under the agreement, Bakrie Capital Investment and mining company Ithaca Resources will
supply the facility with coal feedstock and have committed to offtake the methanol produced
to sell within Indonesia. Bakrie Capital Investment is part of the Bakrie Group, an Indonesian
conglomerate which operates coal mining facilities through mining company Bumi Resources.
The project is expected to come onstream in 2024.
According to Air Products CEO Seifi Chasemi, the project will help Indonesia, Southeast Asia’s
largest economy, to achieve its commitments of reducing energy imports and efficiently
converting abundant coal resources into high-value products.
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Australia cannot expect China to import and burn coal it no longer needs
Alex Turnbull
THE PREVAILING narrative is that the diplomatic and trade dispute between China and Australia is threatening coal exports and we should expect a return to business as usual once the spat ends.
Nothing could be further from the truth.
It is an historical accident that China became a large importer of coal, which China’s government has been seeking to correct since the global financial crisis. These efforts are bearing fruit and Australian coal exports will continue to suffer as China’s focus on producing more energy domestically displaces Australian exports. Australian governments need to see the political logic from China’s point of view and accept that we cannot expect China to import and burn coal it no longer needs. From there we can better formulate our own economic outlook and transition programs for affected communities.
It’s important to put Chinese coal imports from Australia in perspective. China consumes around 3.2bn tonnes of coal a year, of which only 267m tonnes are imported. China’s thermal coal demand can best be thought of as the offcuts of a much bigger energy market. These imports went from nothing to the levels they are today as China’s growth in energy demand on the coast outstripped China’s capacity to move coal from its inland coal fields to where the demand was.
In 2012 I attended a presentation by China’s central planning authority, the National Development and Reform Commission, outlining that they were not happy about this and
were going to invest heavily in freight rail capacity to solve this problem. By 2015 the coal market was in freefall and Peabody filed for bankruptcy in 2016.
After a brief squeeze in the coal market driven by China’s efforts to get rid of smaller, more dangerous coalmines, Chinese coal output continued rising inland and rail capacity was completed that allowed more shipments to the coast. We are very much back to 2015 again today, with Peabody’s debt available for 50-60c on the dollar and coal prices back to 2015 prices.
Thermal coal imports at major ports decline 36% to 12.3 MT in April-May: IPA
Coking coal imports witnessed a dip of 24.05 percent to 7.47MT in April and May this year.
AMID the coronavirus pandemic, thermal coal imports at India's major ports saw a 35.94 percent decline to 12.29 million tonnes (MT) in the first two months of the current financial year, according to the Indian Ports' Association (IPA).
Coking coal imports witnessed a dip of 24.05 percent to 7.47MT in April and May this year.
The ports had handled 19.19MT of thermal coal and 9.84MT of coking coal, respectively, in the April-May period of the previous financial year.
The IPA, which maintains cargo data handled by these ports, in its latest report said "percentage variation from the previous year" in thermal coal handling was at 35.94 percent and 24.05 percent in coking coal.
Thermal coal is the mainstay of India's energy programme as 70 percent of power generation is dependent on the dry fuel, while coking coal is used mainly for steel making.
India is the third-largest producer of coal after China and the US, and has 299 billion tonne of resources and 123 billion tonne of proven reserves, which may last for over 100 years.
India has 12 major ports -- Kandla, Mumbai, JNPT, Mormugao, New Mangalore, Cochin, Chennai, Kamarajar (Ennore), V.O. Chidambaranar, Visakhapatnam, Paradip and Kolkata (including Haldia) -- that handle about 61 percent of the country's total cargo traffic.
These 12 ports had handled 705MT of cargo in the last financial year.
These ports, where operations have been hit due to the coronavirus pandemic, recorded a 22 percent decline in cargo handling to 92.82MT during the first two months of the current financial year.
These ports had together handled 119.23MT of cargo during April-May period of 2018-19.
Ports like Chennai, Cochin and Kamarajar saw their cargo volumes nosedive over 40 percent, while Kolkata and JNPT suffered a drop of over 30 percent during April-May.
Kamarajar port saw its cargo handling decline by 46 percent to 3.22MT in April-May, while Chennai port saw a massive 44.24 percent fall to 4.56MT, according to IPA data.
Cargo handling at the Cochin port slipped 40.14 percent to 3.41MT, while the same at JNPT declined 33.13 percent to 8.02MT. The Kolkata port logged a fall of 31.60 percent to 7.30MT.
Last month, ratings agency ICRA said that while all cargo segments are vulnerable, the container segment is expected to be more adversely impacted.
While general cargo throughput may witness 5-8 percent contraction for the full financial year 2020-21, the container segment is likely to drop 12-15 percent, ICRA said.
IMA-Daily Update Page 32
EIA: 2020 U.S. coal production to total 530 million tons, down 25% from prior year
THE U.S. Energy Information Administration further lowered its coal production forecasts for 2020, predicting a 25% drop in domestic coal production from 2019 levels in its most recent “Short-Term Energy Outlook.”
As the coronavirus pandemic battered electricity demand and brought construction sites and manufacturing plants around the world to a pause, the EIA began to revise down its outlook, predicting a 22% drop in April and then a 24.3% decline in May. Continuing that trend, the agency said in a June 9 report that U.S. coal mines would produce 530 million tons in 2020 from an estimated 705 million tons in the prior year, citing a compilation of negative market factors including slipping demand for coal-fired power generation and faltering steel and metallurgical coal demand overseas.
Global steel and coking coal demand have diminished met coal output, resulting in a projected 35% decline in output from mines in the Appalachian region of the U.S., the report stated. Meanwhile, production in the Western region is expected to see a 25% drop due in part to reduced thermal coal demand from key export destinations including India and lower coal-fired electricity demand in the U.S., according to the report.
U.S. metallurgical coal exports are expected to fall 32.3% in 2020 to 37.3 million tons from an estimated 55.1 million tons in 2019, according to EIA’s outlook. Thermal coal shipments overseas are similarly anticipated to sink 30.2% to 26.3 million tons from approximately 37.7 million the previous year.
EIA maintained a view stated in May that production will recover in 2021 to roughly 549 million tons and that U.S. met coal and thermal coal exports will also rebound, a projection some market observers have disagreed with. In addition, the average delivered coal price will decrease from an estimated $2.02/MMBtu in 2019 to $1.98/MMBtu before increasing to $2.03/MMBtu in 2021, according to the report. [Jacob Holzman]
