TABLE OF CONTENTS...Gresik Freeport – Chiyoda Internasional Sepakati Kerja Sama Bangun Smelter di...

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Coal price breaks record, this is the driving sentiment Harga batubara pecah rekor, ini sentimen pendorongnya Freeport – Chiyoda International Agrees to Build a Smelter in Gresik Freeport – Chiyoda Internasional Sepakati Kerja Sama Bangun Smelter di Gresik Mine Expansion, BRMS Will Get Rp 1.5 T in Rights Issue Ekspansi Tambang, BRMS Bakal Raih Rp 1,5 T di Rights Issue Nickel prices are predicted to be solid until the end of the year, see the following stock recommendations Harga nikel diprediksi solid hingga akhir tahun, simak rekomendasi saham berikut Prefers to Build a Smelter in Gresik, This is the Reason Freeport Cancels Cooperation with Tsingshan Lebih Pilih Bangun Smelter di Gresik, Ini Alasan Freeport Batal Kerja Sama dengan Tsingshan Not only PLTS and DME, this is PTBA's Green Energy Plan Gak Cuma PLTS dan DME, Ini Rencana Energi Hijau PTBA Indonesia's Battery Giant Needs $15.3b in Investments It has soared, this is the projection of coal prices until the end of the year Sudah melambung tinggi, begini proyeksi harga batubara hingga tutup tahun Touching US$ 147/Ton, Coal Prices Record Again! Sentuh US$ 147/Ton, Harga Batu Bara Rekor Lagi! Freeport Indonesia cancels Tsingshan copper smelter plans China's Jiangxi Copper to invest $1.8 bln in making foil for batteries Whitehaven scrapes through FY21 with unexpected record

Kontan Dunia Energi CNBC Indonesia Kontan Bisnis CNBC Indonesia Jakarta Globe Kontan CNBC Indonesia Mining.com Reuters Australian Mining

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Barrick second-quarter gold output falls 5.4% on maintenance shutdowns Coal reserves to release supply for summer peak electricity demand The COVID-19 Pandemic Caused A Big Drop In Coal Production In Indiana

Mining Weekly Global Times Wfyi

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Coal price breaks record, this is the driving sentiment

Reporter: Akhmad Suryahadi | Editor: Wahyu T. Rahmawati

COAL is one of the commodities whose

price movements are quite solid this year. Quoting Bloomberg, on Wednesday (14/7), the price of contract coal in August 2021 on ICE Futures was at US$ 145 per ton. This is the highest level of coal price that has been achieved throughout 2021.

Director of TRFX Garuda Futures Ibrahim Ascustombi assessed that there were a number of sentiments that pushed coal prices to continue to advance. First, the rainy season which is quite extreme in China which lasts from June to July 2021. This extreme weather causes flooding and causes coal production to decline.

When northern China experiences extreme rains, transportation to the mine site is stopped, power is cut, and mines are flooded, causing coal production to stop. On the other hand, China's domestic coal demand is quite large. China is the country with the highest coal demand in the world, which accounts for 5.5% of global demand.

Second, South Korea and Japan are currently carrying out maintenance on their oil reserves, which will last about two to three months. Thus, the need for coal is relatively higher.

Third, the current increase in coal prices is also inseparable from the policy of banning Australian coal imports by China. After the tension between China and Australia regarding the issue of the origin of Covid-19, the Panda Country decided not to import coal from Australia.

Harga batubara pecah rekor, ini sentimen pendorongnya


BATUBARA menjadi salah satu komoditas

yang pergerakan harganya cukup solid sepanjang tahun ini. Mengutip Bloomberg, pada Rabu (14/7), harga batubara kontrak Agustus 2021 di ICE Futures berada di US$ 145 per ton Ini merupakan level tertinggi harga batuabara yang berhasil dicapai sepanjang 2021.

Direktur TRFX Garuda Berjangka Ibrahim Assuaibi menilai, terdapat sejumlah sentimen yang mendorong harga batubara terus melaju. Pertama, musim penghujan yang cukup ekstrem di China yang berlangsung dari Juni-Juli 2021. Cuaca ekstrim ini menyebabkan banjir dan mengakibatkan produksi batuabara menurun.

Pada saat China bagian utara mengalami hujan ekstrem, transportasi ke arah situs tambang dihentikan, listrik padam, serta tambang tergenang air, sehingga menyebabkan produksi batubara terhenti. Di sisi lain, kebutuhan batubara dalam negeri China cukup besar. China merupakan negara dengan kebutuhan batubara tertinggi di dunia, dimana menyum-bang 5,5% dari kebutuhan global.

Kedua, Korea Selatan dan Jepang secara bersamaan saat ini sedang melakukan peme-liharaan terhadap cadangan minyaknya, yang berlangsung sekitar dua sampai tiga bulan. Sehingga, kebutuhan batubara relatif lebih tinggi.

Ketiga, kenaikan harga batubara saat ini juga tidak terlepas dari kebijakan pelarangan impor batubara Australia oleh China. Setelah adanya sitegang antara China dan Australia terkait masalah asal muasal Covid-19, Negeri Panda tersebut memutuskan tidak meng-impor batubara dari Australia.


So China is looking for high-calorie coal from Africa and Russia at a higher price due to long distance transportation.

“The bottom line is supply and demand. Demand is quite high but the goods are not there. This is what causes coal prices to strengthen,” Ibrahim explained to Kontan.co.id, Thursday (15/7).

Maka China mencari batubara kalori tinggi yang berasal dari Afrika dan Rusia dengan harga yang lebih mahal akibat transportasi yang jauh.

“Intinya adalah pasokan dan permintaan. Permintaan cukup tinggi namun barangnya tidak ada. Ini yang menyebabkan harga batu-bara mengalami penguatan,” terang Ibrahim kepada Kontan.co.id, Kamis (15/7).

Freeport – Chiyoda International Agrees to Build a

Smelter in Gresik Rio Indrawan

PT FREEPORT Indonesia (PTFI) and PT Chiyoda International Indonesia signed a cooperation contract for the Engineering, Procurement and Construction (EPC) activities of Freeport Indonesia's Smelter Manyar project. This cooperation contract includes the construction of a smelter construction project with a capacity of 1.7 million tons of concentrate per year as well as Precious Metal Refinery (PMR) facilities in the Java Integrated Industrial and Ports Estate (JIIPE) area, Gresik, East Java.

Tony Wenas, President Director of Freeport Indonesia, said that the signing of this contract underscores Freeport Indonesia's commitment to build a smelter, in accordance with the divestment agreement in 2018.

"In the midst of the various challenges of the Covid-19 pandemic experienced by Indonesia and all parties involved in this project, we continue to make adjustments so that we can continue to work while still prioritizing the health and safety of all workers and the community around the work area," Tony, Thursday ( 15/7).

Freeport – Chiyoda Internasional Sepakati Kerja

Sama Bangun Smelter di Gresik Rio Indrawan

PT FREEPORT Indonesia (PTFI) dan PT Chiyoda International Indonesia menanda-tangani kontrak kerja sama untuk kegiatan Engineering, Procurement, dan Construc-tion (EPC) proyek Smelter Manyar milik Freeport Indonesia. Kontrak kerja sama ini mencakup pengerjaan proyek pem-bangunan smelter berkapasitas 1,7 juta ton konsentrat per tahun serta fasilitas Precious Metal Refinery (PMR) di kawasan Java Integrated Industrial and Ports Estate (JIIPE), Gresik, Jawa Timur.

Tony Wenas, Presiden Direktur Freeport Indonesia, mengatakan penandatanganan kontrak ini menegaskan komitmen Freeport Indonesia untuk membangun smelter, sesuai dengan kesepakatan divestasi pada 2018.

“Di tengah berbagai tantangan pandemi Covid-19 yang dialami Indonesia dan seluruh pihak yang terlibat dalam proyek ini, kami terus melakukan penyesuaian agar dapat terus bekerja sambil tetap menge-depankan kesehatan dan keselamatan seluruh tenaga kerja serta masyarakat di sekitar area kerja,” Tony, Kamis (15/7).


The signing of the cooperation contract was carried out by Director of PT Chiyoda International Indonesia Naoto Tachibana and President Dire ctor of Freeport Indonesia Tony Wenas, witnessed virtually by the Director General of Mineral and Coal of the Ministry of Energy and Mineral Resources Ridwan Djamaluddin, Chief Executive Officer (CEO) of MIND ID Orias Petrus Moedak, Freeport -McMoRan President & Chief Financial Officer (CFO) Kathleen Quirk, Chiyoda Corporation Chairman Masakazu Sakakida, and Chiyoda Corporation President Masaji Santo.

Naoto Tachibana, Director of PT Chiyoda International Indonesia, emphasized his commitment to contribute to the construc-tion of the Manyar Smelter. He is optimistic that the development will go well, especially with Chiyoda's experience.

“The signing of this contract marks the firm commitment of PT Chiyoda International Indonesia to contribute to the nation and state of Indonesia. We will do our best to ensure that we can complete this project on time,” said Naoto.

Previously, the signing of the EPC coopera-tion contract had been delayed for several months due to the pandemic. However, the EPC work at JIIPE continues, including procurement of long lead items, stripping, and preparation of laydown areas for cons-truction equipment and materials. In addition, preparations for the implementation of the COVID-19 vaccination are being carried out in the field for construction workers.

Vaccination will be carried out in stages and is projected to require around 40,000 doses of Covid-19 vaccine.

Ridwan Djamaluddin, Director General of Mineral and Coal at the Ministry of Energy and Mineral Resources, welcomed the signing of the contract between the two parties.

Penandatanganan kontrak kerja sama dilaku-kan oleh Direktur PT Chiyoda International Indonesia Naoto Tachibana dan Presiden Direktur Freeport Indonesia Tony Wenas, disaksikan secara virtual oleh Direktur Jenderal Mineral dan Batubara Kementerian Energi dan Sumber Daya Mineral Ridwan Djamaluddin, Chief Executive Officer (CEO) MIND ID Orias Petrus Moedak, President & Chief Financial Officer (CFO) Freeport-McMoRan Kathleen Quirk, Chairman Chiyoda Corporation Masakazu Sakakida, dan Chiyoda Corporation President Masaji Santo.

Naoto Tachibana, Direktur PT Chiyoda International Indonesia, menegaskan komit-mennya untuk ikut berkontribusi dalam pembangunan Smelter Manyar. Dia optimistis pembangunan berjalan baik apalagi dengan pengalaman yang dimiliki Chiyoda.

”Penandatanganan kontrak ini menandai teguhnya komitmen PT Chiyoda International Indonesia untuk turut berkontribusi bagi bangsa dan negara Indonesia. Kami akan melakukan yang terbaik, memastikan proyek ini dapat kami selesaikan tepat waktu,” ungkap Naoto.

Sebelumnya, penandatanganan kontrak kerja sama EPC ini sempat tertunda selama beberapa bulan akibat pandemi. Meski demikian, pengerjaan EPC di JIIPE terus berjalan, termasuk pengadaan barang long lead item, stripping, dan penyiapan area laydown untuk peralatan dan material konstruksi. Selain itu, persiapan pelaksanaan vaksinasi COVID-19 pun tengah dilakukan di lapangan bagi para pekerja konstruksi.

Vaksinasi akan dilakukan secara bertahap dan diproyeksikan akan membutuhkan sekitar 40 ribu dosis vaksin Covid-19.

Ridwan Djamaluddin, Direktur Jenderal Mineral dan Batubara Kementerian Energi dan Sumber Daya Mineral, menyambut baik penandatanganan kontrak antara kedua belah pihak.


He reminded the parties involved to comply with the agreement by completing the construction according to the target.

“This signing is a positive energy in the midst of various challenges that Indonesia is currently facing. The government through the Ministry of ESDM is pushing for the acceleration of this project, and will continue to work closely with PTFI to help ensure that this project can be completed on time,” said Ridwan. (RI)

Dia mengingatkan para pihak yang terlibat agar mematuhi kesepakatan dengan menye-lesaikan pembangunan sesuai target.

“Penandatanganan ini menjadi energi positif di tengah berbagai tantangan yang sedang Indonesia hadapi. Pemerintah melalui Kementerian ESDM mendorong akselerasi dari proyek ini, dan akan terus bekerja sama dengan PTFI untuk membantu memastikan pengerjaan proyek ini dapat diselesaikan tepat waktu,” kata Ridwan. (RI)

Mine Expansion, BRMS Will Get Rp 1.5 T in Rights Issue Rahajeng KH, CNBC Indonesia

PT BUMI Resources Minerals Tbk (BRMS)

plans to increase capital with pre-emptive rights (PMHMETD) or rights issue for mining projects in Gorontalo. Although the implementation price has not been determined, the funds from the rights issue that can be obtained by the company are around US$ 106 million or around Rp. 1.54 trillion (exchange rate of Rp. 14,500).

Director and Investor Relations of BRMS Herwin W Hidayat said the estimated number is almost the same as the rights issue conducted in March 2020 for a mining project in Palu, Central Sulawesi. According to him, the implementation price will be determined after a decision is made at the EGMS in August.

"Indeed, we haven't finalized it yet, but the range is not much different from the proceeds from the first rights issue. This will be determined after obtaining approval for…

Ekspansi Tambang, BRMS Bakal Raih Rp 1,5 T di Rights Issue

Rahajeng KH, CNBC Indonesia

PT BUMI Resources Minerals Tbk (BRMS)

berencana melakukan penambahan modal dengan hak memesan efek terlebih dahulu (PMHMETD) atau rights issue untuk proyek penambangan di Gorontalo. Meski belum ditentukan harga pelaksanaannya, dana hasil rights issue yang bisa diperoleh perusahaan sekitar US$ 106 juta atau sekitar Rp 1,54 triliun (kurs Rp 14.500).

Direktur dan Investor Relation BRMS

Herwin W Hidayat mengatakan perkiraan jumlah hampir sama dengan rights issue yang dilakukan pada Maret 2020 untuk proyek penambangan di Palu, Sulawesi Tengah. Harga pelaksanaan menurutnya akan ditentukan setelah ada keputusan di RUPSLB Agustus mendatang.

"Memang belum kami finalisasi, tapi kisarannya tidak jauh berbeda dengan dana hasil rights issue pertama. Ini akan ditentukan setelah dapat persetujuan…


This will be determined after obtaining approval for the rights issue agenda at the EGMS on August 6. Then we will finalize the price and final amount from the rights issue," said Herwin, Thursday (15/7/ 2021).

The proceeds from the rights issue will be used to develop a gold mining project in Gorontalo. He revealed that although the investment required is greater and the construction time is longer because most of it is mixed with copper minerals, this segment has bright prospects.

"When conducting this second rights issue, all shareholders in BRMS have the right to buy shares issued from the corporate action proportionally. But in the capital market there are standby buyers or stand buyers if they are not purchased by the old shareholders, it means that they can be purchased by a standby buyer to become a shareholder in BRMS, this is the worst scenario," he said.

Currently, according to him, it has not been determined who will be the stand-by buyer in the corporate action. Herwin said that his party is currently discussing with several prospective investors who will become standby buyers.

"There will be several alternatives, but we cannot convey them yet, because until we get approval at the EGMS, we will convey the names of institutions and investors through OJK," said Herwin.

This subsidiary of PT Bumi Resources Tbk (BUMI) will use the rights issue funds to build a gold ore processing plant with a capacity of 2,000 tons of ore per day. In addition, it will also be used to build supporting facilities such as landfills, settling ponds, explosive magazines, power plants, warehouses, nursery facilities, workshops, city locations, and offices.

Ini akan ditentukan setelah dapat perse-tujuan agenda rights issue di RUPSLB 6 Agustus nanti. Kemudian kami akan finalisasi harga dan juga final jumlah dari rights issue tersebut," kata Herwin, Kamis (15/7/2021).

Dana hasil rights issue ini akan digunakan untuk mengembangkan proyek tambang emas di Gorontalo. Dia mengungkapkan meski investasi yang dibutuhkan lebih besar dan waktu pembangunannya lebih lama karena sebagian besar tercampur dengan mineral tembaga, namun segmen ini memiliki prospek cerah.

"Ketika melakukan rights issue kedua ini, semua pemegang saham yang ad di BRMS memiliki hak untuk membeli saham yang diterbitkan dari aksi korpirasi tersebut secara proporsional. Tapi dalam pasar modal ada pembeli siaga atau stand buyer kalau tidak dibeli pemegang saham lama, artinya sudah bisa dibeli oleh pemebeli siaga jadi pemgenag saham di BRMS, ini skenrio teburuk," ujarnya.

Saat ini menurutnya belum ditentukan siapa yang menjadi stand by buyer dalam aksi korporasi. Herwin mengatakan pihaknya tengah berdiskusi dengan dengan beberapa calon investi yang akan jadi pembeli siaga.

"Akan ada beberapa alternatif tetapi belum bisa sampaikan, karena sampai dapat persetujuan di RUPSLB kami akan sampai-kan nama institusi dan investor melalui OJK," kata Herwin.

Anak usaha PT Bumi Resources Tbk (BUMI) ini akan menggunakan dana rights issue ini akan digunakan untuk membangun pabrik pengolahan bijih emas dengan kapasitas 2.000 ton bijih per hari. Selain itu akan digunakan pula untuk membangun sarana penunjang seperti tempat pembuangan sampah, kolam pengendapan, magasin peledak, pembangkit tenaga listrik, gudang, pembibitan fasilitas, bengkel, lokasi kota, dan kantor.


BRMS will also drill gold prospects to increase ore reserves at the Motomboto gold mine, Gorontalo.

Having a gold ore processing plant available will allow the company to start commercial production of gold and silver from the Motomboto gold mine site in Gorontalo. In the future, commercial gold production from Gorontalo will have a positive impact on BRMS's Sales and Net Profit.

In addition, drilling activities are expected to increase the company's gold & silver ore reserves in Gorontalo. The increase in ore reserves will also extend the productive life of the gold mining project in Gorontalo. (rah/rah)

BRMS juga akan Melakukan pengeboran prospek emas untuk menambah cadangan bijih di lokasi tambang emas Motomboto, Gorontalo.

Adanya pabrik pengolahan bijih emas yang tersedia akan memungkinkan perusahaan untuk memulai produksi komersial emas dan perak dari lokasi tambang emas Motomboto di Gorontalo. Nantinya, produksi komersial emas dari Gorontalo akan berdampak positif terhadap Penjualan dan Laba Bersih BRMS.

Selain itu, kegiatan pemboran diharapkan dapat meningkatkan cadangan bijih emas & perak perusahaan di Gorontalo. Meningkat-nya cadangan bijih juga akan memper-panjang umur tambang produktif proyek tambang emas di Gorontalo. (rah/rah)

Nickel prices are predicted to be solid until the end of the year,

see the following stock recommendations


NICKEL is one of the commodities whose

prices are quite flashy this year. Citing Bloomberg, the price of nickel on the London Metal Exchanges (LME) for three-month trading contracts was at the level of US$ 18,778 per metric ton on Tuesday (13/7). This price has increased by 13.03% from the price at the end of 2020 at the level of US4 16,613 per tonne.

BRIDanareksa Sekuritas analyst Stefanus Darmagiri said the recent surge in nickel prices was driven by strong nickel demand and concerns about global supply, which resulted…

Harga nikel diprediksi solid hingga akhir tahun, simak rekomendasi saham berikut Reporter: Akhmad Suryahadi | Editor:

Wahyu T. Rahmawati

NIKEL menjadi salah satu komoditas yang

harganya cukup mentereng tahun ini. Mengutip Bloomberg, harga nikel di London Metal Exchanges (LME) untuk kontrak perdagangan tiga bulan berada di level US$ 18.778 per metrik ton pada perdagangan Selasa (13/7). Harga ini sudah naik 13,03% dari harga akhir tahun 2020 di level US4 16.613 per ton.

Analis BRIDanareksa Sekuritas Stefanus Darmagiri menyebut, harga nikel yang melonjak baru-baru ini didorong oleh permintaan nikel yang kuat dan adanya kekhawatiran akan pasokan global, yang mengakibatkan…


which resulted in a decline in inventories on the LME and the Shanghai Futures Exchange (SHFE). Combined nickel inventories in LME and SHFE fell 10.8% year-to-date (ytd).

The global economic recovery will boost global nickel demand for the stainless steel industry this year. This strong demand led to a decline in global nickel inventories.

Meanwhile, Russia will apply a nickel export tax of at least 15%. This could support LME nickel prices, given that Russia accounts for around 10% of global nickel supply.

Nickel price is believed to be solid this year, which is estimated to rise 30.4% yoy to US$ 18,000 per ton. The increase in nickel prices is expected to increase the net profit of nickel mining companies under the scope of BRI Danareksa Sekuritas.

On the other hand, an increase in crude oil prices will have a negative impact on nickel mining issuers. As an illustration, fuel costs contributed around 18-24% of the total costs borne by PT Vale Indonesia Tbk (INCO) and PT Aneka Tambang Tbk (ANTM) last year.

Stefanus' analysis, a 5% increase in crude oil prices will reduce INCO and ANTM's net profit by 3.1% and 1.9% respectively this year. Meanwhile, assuming the nickel price is 5% higher than this year's forecast of US$ 18,000 per tonne, it will increase INCO and ANTM's profits by 15.9% and 11.7%, respectively.

"Therefore, the impact of solid nickel prices will help issuers to maintain profitability amid rising oil prices," said Stefanus, Wednesday (14/7).

BRI Danareksa Sekuritas maintains its overweight rating for the nickel sector. Stefanus assessed that there are attractive long-term prospects for nickel, which is supported by the development of electric vehicles (EV).

yang mengakibatkan penurunan persediaan di LME dan Shanghai Futures Exchange (SHFE). Persediaan gabungan nikel di LME dan SHFE turun 10,8% secara year-to-date (ytd).

Pemulihan ekonomi global akan mendorong permintaan nikel global untuk industri baja nirkarat (stainless steel) tahun ini. Permintaan yang kuat ini menyebabkan penurunan perse-diaan nikel global.

Sementara itu, Rusia akan menerapkan pajak ekspor nikel sebesar minimal 15%. Hal ini dapat mendukung harga nikel LME, mengingat Rusia menyumbang sekitar 10% dari pasokan nikel global.

Harga nikel diyakini akan solid tahun ini yang diperkirakan naik 30,4% yoy sebesar US$ 18.000 per ton. Kenaikan harga nikel diharapkan dapat meningkatkan laba bersih perusahaan pertam-bangan nikel di bawah cakupan BRIDanareksa Sekuritas.

Di sisi lain, kenaikan harga minyak mentah akan berdampak negatif bagi emiten pertambangan nikel. Sebagai gambaran, biaya bahan bakar ber-kontribusi sekitar 18%-24% dari total biaya yg ditanggung PT Vale Indonesia Tbk (INCO) dan PT Aneka Tambang Tbk (ANTM) pada tahun lalu.

Analisis Stefanus, kenaikan harga minyak mentah sebesar 5% akan menurunkan laba bersih INCO dan ANTM masing-masing sebesar 3,1% dan 1,9% pada tahun ini. Sementara itu, jika dengan asumsi harga nikel lebih tinggi 5% dari perkiraan tahun ini yakni sebesar US$ 18.000 per ton, akan meningkatkan laba INCO dan ANTM sebesar masing-masing 15,9% dan 11,7%.

“Oleh karena itu, dampak dari harga nikel yang solid akan membantu emiten untuk memper-tahankan profitabilitas di tengah kenaikan harga minyak,” terang Stefanus, Rabu (14/7).

BRIDanareksa Sekuritas mempertahankan rating overweight untuk sektor nikel. Stefanus menilai adanya prospek jangka panjang yang menarik terhadap komoditas nikel, yang didukung oleh pengembangan kendaraan listrik atau electric vehicle (EV).

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

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


Top picks in this sector are INCO stocks, which are recommendations to buy with a target price of Rp 6,300 and buy ANTM shares with a target price of Rp 3,200. The main risks of these two stocks are lower nickel prices as well as rising crude oil prices.

Top picks di sektor ini adalah saham INCO yakni rekomendasi beli dengan target harga Rp 6.300 dan beli saham ANTM dengan target harga Rp 3.200. Risiko utama dari kedua saham ini adalah harga nikel yang lebih rendah serta kenaikan harga minyak mentah.

Prefers to Build a Smelter in Gresik, This is the Reason

Freeport Cancels Cooperation with Tsingshan

Author: Denis Riantiza Meilanova

PT FREEPORT Indonesia (PTFI) finally decided to continue the construction of a copper smelter in Gresik, East Java, and canceled cooperation with Chinese investor, Tsingshan Steel.

Freeport Indonesia's Vice President of Corporate Communication, Riza Pratama, said that the planned cooperation with Tsingshan to build a smelter in Weda Bay, Central Halmahera, North Maluku, did not continue because no agreement was reached.

“There was a term with Tsingshan that couldn't find a deal. It's better to build it yourself in Gresik," said Riza to Bisnis, Thursday (15/7/2021).

In addition, Riza said, electricity supply and waste management were also considered by Freeport in deciding to build a smelter in the Java Integrated Industrial and Ports Estate (JIIPE) area, Gresik.

“It's better to wake up at JIIPE, because we already have a location. Our first smelter is also in Gresik. The facilities are better, in terms of electricity and for handling waste, it is also better,” he said.

Lebih Pilih Bangun Smelter di Gresik, Ini Alasan Freeport Batal Kerja Sama dengan

Tsingshan Author: Denis Riantiza Meilanova

PT FREEPORT Indonesia (PTFI) akhirnya memutuskan untuk melanjutkan pem-bangunan smelter tembaga di Gresik, Jawa Timur, dan batal melakukan kerja sama dengan investor asal China, Tsingshan Steel.

Vice President Corporate Communication Freeport Indonesia Riza Pratama mengata-kan bahwa rencana kerja sama dengan Tsingshan untuk membangun smelter di Weda Bay, Halmahera Tengah, Maluku Utara, tidak berlanjut karena tidak tercapai kesepakatan.

“Ada term dengan Tsingshan yang tidak ketemu deal-nya. Lebih baik bangun sendiri di Gresik,” kata Riza kepada Bisnis, Kamis (15/7/2021).

Selain itu, kata Riza, pasokan listrik dan penanganan limbah juga menjadi pertim-bangan Freeport dalam memutuskan untuk membangun smelter di kawasan Java Integrated Industrial and Ports Estate (JIIPE), Gresik.

“Lebih baik bangun di JIIPE, karena kami sudah punya lokasi. Smelter pertama kami kan di Gresik juga. Fasilitasnya lebih baik, dari listriknya dan untuk penanganan waste-nya juga lebih baik,” ujarnya.


Previously, the construction of the Freeport smelter, which was targeted to be completed by 2023, was hampered by the Covid-19 pandemic. For this reason, Freeport also submitted a 12-month delay of construction to the Ministry of ESDM in April 2020.

In the midst of the proposed postpone-ment, an alternative option emerged that the construction of a smelter would be carried out in Weda Bay in cooperation with Tsingshan. In this cooperation option, most of the investment costs for the construction of the smelter will be borne by Tsingshan.

Meanwhile, according to Bisnis records, the financing for the construction of the smelter in Gresik will be fully carried out by Freeport through loans. The investment value for the smelter construction in Gresik is estimated at US$ 3 billion. Editor : Lili Sunardi

Sebelumnya, pembangunan smelter Freeport yang ditargetkan harus selesai pada 2023, sempat terhambat akibat pandemi Covid-19. Karena alasan ini, Freeport pun mengajukan penundaan pembangunan selama 12 bulan kepada Kementerian ESDM pada April 2020.

Di tengah usulan penundaan tersebut, sempat muncul opsi alternatif bahwa pembangunan smelter akan dilakukan di Weda Bay melalui kerja sama dengan Tsingshan. Dalam opsi kerja sama ini, sebagian besar biaya investasi pem-bangunan smelter rencananya akan di-tanggung oleh Tsingshan.

Sementara itu, berdasarkan catatan Bisnis, pembiayaan pembangunan smelter di Gresik sepenuhnya akan dilakukan oleh Freeport melalui pinjaman. Nilai investasi pembangunan smelter di Gresik diper-kirakan mencapai US$3 miliar. Editor : Lili Sunardi

Not only PLTS and DME, this is PTBA's Green Energy Plan

Anisatul Umah, CNBC Indonesia

PT BUKIT Asam Tbk (PTBA) has begun to expand its business portfolio towards green energy. This is mainly triggered by the world's energy transition from fossil energy to clean energy.

President Director of PT Bukit Asam Tbk (PTBA) Suryo Eko Hadianto said, before the massive environmental issue, the company had three main focuses, including expansion of coal transportation, construction of a Mine Mouth Steam Power Plant (PLTU), and coal downstreaming.

Gak Cuma PLTS dan DME, Ini Rencana Energi Hijau PTBA

Anisatul Umah, CNBC Indonesia

PT BUKIT Asam Tbk (PTBA) mulai meram-bah portofolio bisnisnya ke arah energi hijau. Hal ini terutama dipicu karena adanya transisi energi dunia dari energi fosil ke energi bersih.

Direktur Utama PT Bukit Asam Tbk (PTBA) Suryo Eko Hadianto mengatakan, sebelum masifnya isu lingkungan, selama ini perusaha-an memiliki tiga fokus utama, antara lain ekspansi angkutan batu bara, pembangunan Pembangkit Listrik Tenaga Uap (PLTU) Mulut Tambang, dan hilirisasi batu bara.


The downstream project that is being worked on by PTBA is a coal gasification project, namely converting coal into Dimethyl Ether (DME) where this DME will later be used to substitute liquefied petroleum gas (LPG), which is still widely imported.

However, when environmental issues were highlighted by the world, the company added two more pillars as a form of the company's contribution to reducing carbon emissions.

"With the departure of the Paris Agreement, and the big news about funding problems (coal), the rejection is getting stronger and stronger, we added two pillars," he explained at the 2021 Investor Daily Summit, Wednesday (15/07/2021).

He said the additional two pillars were related to increasing renewable energy (EBT) and carbon management. According to him, PTBA will really dive into the EBT project through the Solar Power Plant (PLTS) project.

"We are really going into EBT and at the same time we are exploring carbon management in Indonesia, becoming a company that does carbon management in Indonesia," he explained.

He explained that currently PTBA has collaborated with Angkasa Pura through the PLTS project with a capacity of 241 kilo Watt peak (kWp) and is currently running. The investment value disbursed is US$ 194,000.

"It's small (the investment) because it's a pilot step (trial), it has worked and it adds to our confidence in entering EBT," he said.

He further said. In working on the PLTS project, per 1 Mega Watt (MW) an area of 1 hectare is required. This land is a cost component in developing PV mini-grid.

Proyek hilirisasi yang tengah digarap PTBA adalah proyek gasifikasi batu bara yakni mengubah batu bara menjadi Dimethyl Ether (DME) di mana DME ini nantinya akan digunakan untuk substitusi liquefied petroleum gas (LPG) yang selama ini masih banyak diimpor.

Namun ketika isu lingkungan disorot dunia, perusahaan menambah dua pilar lagi sebagai bentuk kontribusi perusahaan terhadap penurunan emisi karbon.

"Dengan berangkat adanya Paris Agree-ment, dan berita besar masalah pendanaan (batu bara), penolakan makin kencang makin terasa, kita tambah dua pilar," paparnya dalam Investor Daily Summit 2021, Rabu (15/07/2021).

Dia mengatakan, tambahan dua pilar tersebut yaitu terkait peningkatan energi baru terbarukan (EBT) dan manajemen karbon. Menurutnya, PTBA akan benar-benar terjun ke proyek EBT melalui proyek Pembangkit Listrik Tenaga Surya (PLTS).

"Kita akan benar-benar masuk ke EBT dan sekaligus kita sedang jajaki manajemen karbon di Indonesia, masuk jadi company yang lakukan manajemen karbon di Indonesia," jelasnya.

Dia menjelaskan, saat ini PTBA telah melakukan kerja sama dengan Angkasa Pura melalui proyek PLTS dengan kappa-sitas 241 kilo Watt peak (kWp) dan saat ini sudah berjalan. Adapun nilai investasi yang digelontorkan sebesar US$ 194.000.

"Kecil (investasinya) karena memang langkah pilot (uji coba), sudah jalan dan menambah keyakinan kami masuk ke EBT," tuturnya.

Lebih lanjut dia mengat akan. dalam menggarap proyek PLTS, per 1 Mega Watt (MW) dibutuhkan lahan seluas 1 hektar. Lahan ini menjadi komponen biaya dalam mengembangkan PLTS.


The conditions are different for mining companies that already have ex-mining land. This can be used to build PLTS. According to him, the construction and panel cost components for a 1 hectare land to produce 1 MW of electricity are Rp 10 billion. This fee is in addition to land costs.

"Now the land itself can be expensive if you have to invest. For us mining companies, the land has been given and has been released, our strength is to develop PLTS in former mines. We have a land area of 93,000 hectares, this has the potential to be developed," he explained. (wia)

Kondisi berbeda bagi perusahaan tambang yang sudah punya lahan bekas tambang. Ini bisa dimanfaatkan untuk membangun PLTS. Menurutnya, komponen biaya konstruksi dan panel untuk lahan 1 hektar menghasilkan listrik 1 MW adalah Rp 10 miliar. Biaya ini di luar biaya tanah.

"Nah tanah sendiri bisa mahal kalau harus investasi. Bagi kami perusahaan tambang, tanah sudah given sudah dibebaskan, kekuatan kami kembangkan PLTS di bekas tambang. Kami punya lahan luasnya 93.000 hektar, ini potensi bisa dikembang-kan," jelasnya. (wia)

Indonesia's Battery Giant Needs $15.3b in Investments BY : JAKARTA GLOBE

INDUSTRI Baterai Indonesia, an electric vehicle battery subsidiary of state-owned largest miners, has estimated that it would need $15.3 billion in total investment to develop an integrated electric vehicle battery, the company top executive said on Wednesday.

Toto Nugroho, the president director of Industri Baterai Indonesia, said the investment would cover processes from the mining of the battery raw materials, smelting/ refining, battery chemicals manufacturing, battery cells manufacturing, all the way to the recycling of used batteries.

"We need an investment of $15 billion, which is a challenge in itself. There is a timeline of around 3-4 years," Toto said in a session discussing the environmentally friendly automotive industry at the 2021 Investor Daily Summit on Wednesday.

According to a company's presentation, Industri Baterai Indonesia would need $160 million in investment to mine limonite and saprolite, metallic ores that rich in nickel, the main ingredient for lithium-ion batteries.

Next, the company would need to invest in smelting facilities, including rotary kiln electric furnace (RKEF) technology and another using high-pressure acid leaching (HPAL) technology, to process the ores. Industri Baterai Indonesia would need $1.3 billion in investment for each smelting facility.

The battery precursor materials and cathode would need $1.8 billion and $3.8 billion in investment, respectively, while the production of the battery cell itself may need an upfront cost of $6.73 billion. For battery recycling, Industri Baterai Indonesia sought to put in $30 million upfront capital.


Industri Baterai Indonesia’s presentation also mentions an energy storage system (ESS) with an investment of $40 million. This ESS stores energy generated by renewables such as solar panels.

"We are working with two big global players, LG Energy Solution from South Korea and CATL from China," said Toto.

He said the company expected the integrated production line could produce battery cells with a total capacity of up to 140 gigawatt-hour (GWh) per year.

Industri Baterai Indonesia has four shareholders with 25 percent each, namely the state-owned energy company Pertamina, state-controlled miner Antam, state utility firm Perusahaan Listrik Negara (PLN), and the state mining holding Indonesia Asahan Aluminum, also known as Mining Industry Indonesia (Mind ID).

It has soared, this is the projection of coal prices until

the end of the year Reporter: Akhmad Suryahadi | Editor:

Wahyu T. Rahmawati

A NUMBER of sentiments are believed to

still surround coal price movements until the end of 2021. Director of TRFX Garuda Futures Ibrahim Ascustombi said that heavy rainfall in China is expected to last during this July and will begin to subside in August 2021.

Until the end of the year, Ibrahim projects that the price of this energy commodity will slope down in line with normal conditions in China. Rainfall which is projected to subside starting in August will bring coal prices down.

Ibrahim projects that the coal price by the end of the year will be at the level of US$ 110 per ton. Coal prices are projected to peak around the level of US$ 140 per tonne in July (which is the peak season of the increase), before finally sloping down at the end of 2021 and will reach below the level of US$ 100 per ton next year.

Sudah melambung tinggi, begini proyeksi harga batubara

hingga tutup tahun Reporter: Akhmad Suryahadi | Editor:

Wahyu T. Rahmawati

SEJUMLAH sentimen diyakini masih akan

menyelimuti pergerakan harga batubara hingga pengujung 2021. Direktur TRFX Garuda Berjangka Ibrahim Assuaibi menye-but, curah hujan yang lebat di China diper-kirakan bakal berlangsung selama Juli ini dan akan mulai mereda pada Agustus 2021.

Hingga tutup tahun, Ibrahim memproyeksi-kan harga komoditas energi ini akan melandai seiring dengan normalnya kondisi di China. Curah hujan yang diproyeksi akan mereda mulai Agustus akan membawa harga batubara menurun.

Ibrahim memproyeksikan harga batubara hingga akhir tahun akan bertengger di level US$ 110 per ton. Harga batubara diproyeksi akan mencapai puncaknya di sekitar level US$ 140 per ton di Juli ini (yang merupakan musim puncak kenaikan), sebelum akhirnya melandai di akhir 2021 dan akan mencapai di bawah level US$ 100 per ton di tahun depan.


When winter comes, China can still produce coal. This is because coal mining in the Bamboo Curtain country is a type of underground mine. This is different from mining conditions in Indonesia which are carried out by dredging the topsoil.

“During the winter, production continues. This is different from the rainy season, where flooding causes water to enter the coal extraction pit which in turn raises concerns for the safety of people (workers),” explained Ibrahim.

The use of alternative energy such as natural gas, solar power, to hydropower which is more environmentally friendly also has the potential to burden coal prices in the future.

Founder of Traderindo.com Wahyu Laksono projects that the price of coal in the long term will be in the range of US$ 40 per tonne to US$ 140 per tonne. Meanwhile, the annual consolidation projection is in the range of US$ 80 per ton-US$ 100 per ton. In the medium term, coal prices are projected to move in the range of US$ 110 per tonne–US$ 140 per tonne.

According to Wahyu, the sentiment that can affect coal prices is steel consumption. Rising demand for steel pushed up coal prices. China's steel consumption is on an upward trend with crude steel production rising 14% for the first five months of 2021, according to data from the World Steel Association. This increase in consumption occurred amid pressure on steel mill margins in line with higher steel raw materials, including iron ore and coal.

The coal outlook was also affected by the mine closures, which coincided with the national celebration of the 100th anniversary of the founding of the Chinese Communist Party, which began on July 1.

Pada saat musim dingin datang, China masih bisa memproduksi batubara. Sebab, tambang batubara di Negara Tirai Bambu ini merupakan jenis tambang bawah tanah. Hal ini berbeda dengan kondisi tambang di Indonesia yang dikerjakan dengan menge-ruk lapisan atas tanah.

“Pada saat terjadi musim salju, produksi tetap berjalan. Berbeda dengan musim hujan, dimana banjir menyebabkan air masuk ke dalam lubang pengambilan batu-bara yang pada akhirnya menimbulkan kekhawatiran terhadap keselamatan orang (pekerja),” terang Ibrahim.

Adanya penggunaan energi alternatif seperti gas alam, tenaga surya, hingga tenaga air yang lebih ramah lingkungan juga berpotensi memberatkan harga batubara ke depan.

Founder Traderindo.com Wahyu Laksono memproyeksi, harga batubara dalam jangka panjang akan berada di kisaran US$ 40 per ton sampai US$ 140 per ton. Sedangkan proyeksi konsolidasi tahunan ada di kisaran US$ 80 per ton-US$ 100 per ton. Untuk jangka menengah, harga batubara diproyeksi bergerak di rentang US$ 110 per ton–US$ 140 per ton.

Menurut Wahyu, sentimen yang bisa mem-pengaruhi harga batubara adalah konsumsi baja. Naiknya permintaan baja mendorong kenaikan harga batubara. Konsumsi baja China sedang dalam tren naik dengan produksi baja mentah naik 14% untuk lima bulan pertama tahun 2021, melansir data Asosiasi Baja Dunia. Kenaikan konsumsi ini terjadi di tengah tekanan margin pabrik baja seiring dengan naiknya bahan baku baja yang lebih tinggi, termasuk bijih besi dan batubara.

Prospek batubara juga dipengaruhi oleh adanya penutupan tambang, yang ber-tepatan dengan perayaan nasional 100 tahun berdirinya Partai Komunis China, yang dimulai pada 1 Juli.


The shutdown weighed on domestic

output, even as strong industrial activity

and high temperatures boosted coal

demand.

"Not to mention the seasonal factor,

towards the end of winter," explained

Wahyu to Kontan.co.id, Thursday (15/7).

As winter approaches, thermal coal will

reach its peak demand period. It is winter

in China which will generate high demand

for thermal coal.

The increase in coal prices will begin in the

third quarter and could potentially weaken

in the fourth quarter or at least begin to

subside in the first quarter of 2022. When

prices fall, producers are usually depressed

and reduce supply, so that low supply

triggers price increases because demand

remains or can even be so go up.

However, when prices rise, producers such

as in China, Australia or Indonesia will be

eager to spur performance because of good

prices to sell their production and export.

"Because production increases, supply

anxiety subsides and prices can weaken

because demand remains or even

decreases," he continued.

Quoting Bloomberg, on Wednesday (14/7),

the price of contract coal in August 2021

on ICE Futures was at US$ 145 per ton.

This is the highest level of coal price that

has been achieved throughout 2021.

Penghentian tersebut menekan output domestik, bahkan ketika aktivitas industri yang kuat dan suhu tinggi meningkatkan permintaan batubara.

“Belum lagi faktor musim, menjelang musim dingin akhir tahun,” terang Wahyu kepada Kontan.co.id, Kamis (15/7). Menjelang musim dingin, batubara termal akan mencapai periode permintaan puncaknya. Musim dingin di China yang akan menghasilkan permintaan tinggi untuk batubara thermal.

Adapun kenaikan harga batubara akan dimulai pada kuartal ketiga dan bisa berpotensi melemah di kuartal keempat atau paling tidak mulai mereda di kuartal pertama 2022. Saat harga anjlok, biasanya produsen tertekan dan mengurangi suplai, sehingga rendahnya pasokan memicu kenaikan harga karena permintaan yang tetap atau bahkan bisa jadi naik.

Namun, saat harga naik, maka produsen seperti di China ,Australia atau Indonesia akan bersemangat memacu kinerja karena harga yang bagus untuk menjual produksi-nya dan melakukan ekspor. “Karena produksi naik maka kecemasan suplai mereda dan harga bisa melemah karena permintaan tetap atau bahkan menurun,” sambung dia.

Mengutip Bloomberg, pada Rabu (14/7), harga batubara kontrak Agustus 2021 di ICE Futures berada di US$ 145 per ton. Ini merupakan level tertinggi harga batubara yang berhasil dicapai sepanjang 2021.


Touching US$ 147/Ton, Coal Prices Record Again!

Hidayat Setiaji, CNBC Indonesia

COAL prices rose again. This made the

price of the black stone higher and again recorded a record.

Yesterday, the price of coal on the ICE Newcastle (Australia) market was recorded at US$ 147.1/ton. Up 1.94% from the previous day's position.

Coal price rally has not stopped. In the past week, the price of this commodity jumped 10.16% point-to-point. During the past month, the price increase reached 24.83%. Extraordinary...

The increase in demand is still a theme in the world coal market. Not only in Asia, demand in Europe also shot up.

The northern hemisphere is currently experiencing summer. The need for air conditioning is increasing, which requires more electricity. Demand for coal as a primary energy source for power generation also increases.

In Germany, electricity generation by coal plants last week reached 5,127 MWh, up 9% from the previous week. Compared to the same period last year, the increase reached 115%.

In addition, supply constraints also make coal prices 'fly'. South Africa, one of the world's largest coal exporters, is in the midst of socio-political turmoil.

Bafana Country Bafana is in crisis after former president Jacob Zuma was sentenced to 15 months in prison. Zuma was found guilty of contempt of court.

Sentuh US$ 147/Ton, Harga Batu Bara Rekor Lagi!

Hidayat Setiaji, CNBC Indonesia

HARGA batu bara naik lagi. Ini membuat

harga si batu hitam semakin tinggi dan kembali mencatatkan rekor.

Kemarin, harga batu bara di pasar ICE Newcastle (Australia) tercatat US$ 147,1/ton. Melonjak 1,94% dari posisi hari sebelumnya.

Reli harga batu bara belum berhenti. Dalam sepekan terakhir, harga komoditas ini melonjak 10,16% secara point-to-point. Selama sebulan ke belakang, kenaikan harga-nya mencapai 24,83%. Luar biasa...

Kenaikan permintaan masih menjadi tema di pasar batu bara dunia. Tidak hanya di Asia, permintaan di Eropa pun melesat.

Saat ini belahan bumi bagian utara (northern hemisphere) sedang menjalani musim panas. Kebutuhan penggunaan penyejuk ruangan meningkat, yang membutuhkan lebih banyak listrik. Permintaanbatu bara sebagai sumber energi primer pembangkit listrik ikut naik.

Di Jerman, pembangkitan listrik oleh pembangkit batu bara pada pekan lalu mencapai 5.127 MWh, naik 9% dari pekan sebelumnya. Dibandingkan dengan periode yang sama tahun lalu, kenaikannya mencapai 115%.

Selain itu, kendala pasokan juga membuat harga batu bara 'terbang'. Afrika Selatan, salah satu eksportir batu bara terbesar dunia, sedang dilanda kisruh sosial politik.

Negeri Bafana Bafana mengalami krisis setelah mantan presiden Jacob Zuma divonis 15 bulan penjara. Zuma divonis terbukti bersalah menghina pengadilan.


The pro-Zuma masses did not accept it. Demonstrators carried out looting and arson, which killed dozens of people.

This incident caused the train line to the port of Richard Bay Coal Terminal (RBCT) to be closed. Even though this line has only been opened a few days after previously it stopped operating due to a drop.

South Africa is one of the main suppliers of coal in the world market. In 2019, South Africa's coal exports were 81 million tonnes, the fifth most in the world. So supply disruptions from there will be quite influential in the market. CNBC INDONESIA

RESEARCH TEAM (aji/aji)

Massa pro-Zuma tidak terima. Demonstran melakukan penjaran dan pembakaran, yang menewaskan puluhan orang.

Peristiwa ini membuat jalur kereta ke pelabuhan Richard Bay Coal Terminal (RBCT) ditutup. Padahal jalur ini baru beberapa hari dibuka setelah sebelumnya berhenti beroperasi karena anjlok.

Afrika Selatan adalah salah satu pemasok utama batu bara di pasar dunia. Pada 2019, ekspor batu bara Afrika Selatan adalah 81 juta ton, terbanyak kelima di dunia. Jadi gangguan pasokan dari sana akan cukup berpengaruh di pasar. TIM RISET CNBC

INDONESIA (aji/aji)

Coal Exports by Country (Million Tons)

Russia United States South Colombia Canada of America Africa


Freeport Indonesia cancels Tsingshan copper smelter plans Reuters

FREEPORT McMoRan will not proceed with plans to build a new copper smelter with China’s

Tsingshan Holding Group, its local Indonesian unit, PT Freeport Indonesia’s spokesman told Reuters on Thursday.

Indonesian authorities have for months said that a deal would be made between Freeport Indonesia and the Chinese steel and nickel company to build a new copper smelter worth $2.8 billion.

“(We) could not reach an agreement,” Freeport Indonesia’s spokesman Riza Pratama said.

Instead, Freeport Indonesia will go ahead with plans to build a new smelter near its existing copper refining operations in Gresik, East Java.

Freeport Indonesia separately announced on Thursday that it had signed an engineering, procurement and construction (EPC) contract with Japanese engineering company Chiyoda to build the new Gresik smelter, which will have a capacity of 1.7 million tonnes of copper concentrate a year.

The two companies will also build a precious metal refinery nearby.

“This contract signing affirms Freeport Indonesia’s commitment to build a smelter in accordance with divestment agreement in 2018,” PT Freeport Indonesia president director Tony Wenas said in the statement, without disclosing how much the deal was worth.

Tsingshan Holding Group did not immediately respond to requests for comments. The new copper smelter that it wanted to build with Freeport in Weda Bay would have been Tsingshan’s first copper project.

It is building nickel and aluminum smelters in Indonesia. (By Bernadette Christina Munthe, Tom

Daly and Fathin Ungku; Editing by David Goodman and Kirsten Donovan)

China's Jiangxi Copper to invest $1.8 bln in making foil for batteries By Tom Daly

JIANGXI Copper Co , one of China's biggest copper producers, said it would invest 11.4 billion yuan ($1.76 billion) in a project to make 100,000 tonnes per year of copper foil for lithium batteries. The bumper investment commitment - unanimously approved at a board meeting on Thursday - comes after the company last week flagged a more than 300% year-on-year jump in net profits for the first half amid booming prices.

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


In a filing to the Shanghai Stock Exchange, Jiangxi Copper said the foil project would be located in Shangrao Economic and Technological Development Zone in its home province of Jiangxi. It will be divided into two 50,000 tonne phases, with the first 25,000 tonne line of Phase 1 due to start up by end-2023 before full production is reached a year later. The second phase is targeted for start-up by end-2028. "The first half of 2021 has seen a tidal wave of announcements of new electrodeposited copper foil mill projects, as well as second and third phase expansions at existing mills," consultancy Roskill said in a note last month.

The foil is used as a current collector in lithium batteries and companies are investing in production to meet growing demand from the burgeoning electric-vehicle sector. Global foil capacity additions announced in January-May alone total 560,000 tonnes per year, equivalent to a 67% increase in the nameplate industry capacity at end-2020, Roskill said. Jiangxi Copper also said it would invest 800 million yuan in another project to make 220,000 tonnes per year of copper rods and 600 million yuan in a joint venture to make 30,000 tonnes per year of cast materials. That brings the total investment across the three projects to 12.8 billion yuan ($1.98 billion).

The copper rod project and first 15,000 tonnes phase of the cast materials project are due for launch by the end of 2022 and will also be in Shangrao, it said. (Reporting by Tom Daly; Editing by Nick Macfie)

Whitehaven scrapes through FY21 with unexpected record Henry Ballard

WHITEHAVEN Coal has weathered a difficult 2021, reaching its heavily revised production guidance while awaiting ministerial approval on its Vickery coal mine expansion in New South Wales.

While original run-of-mine (ROM) production guidance was set at 21–22.8 million tonnes for financial year 2021, Whitehaven managed just 20.6 million tonnes.

This owed largely to the Maules Creek open cut coal mine in New South Wales achieving record annual ROM production of 12.7 million tonnes.

The record was 18 per cent above financial year 2020’s total and well above the mine’s original guidance of 11.3 – 12 million tonnes.

Whitehaven managing director and chief executive officer Paul Flynn showed equal surprise at the Maules Creek record and at coal prices overall.

“Our largest mine, Maules Creek, finished with a solid quarter and demonstrated its full potential over the course of the year, delivering a record annual ROM production,” Flynn said.

“Coal prices staged a remarkable recovery over the quarter, responding to increased economic activity as well as continuing supply-side constraints.”

On the Vickery expansion, Whitehaven acknowledged the ongoing legal process surrounding the proposal, which seeks to more than double annual production to 10 million tonnes.

https://www.australianmining.com.au/author/henry-ballard/


In May, the Federal Court dismissed an appeal to stop the federal Environment Minister from approving the expansion.

In a subsequent hearing, the court found the Minister had a duty of care when considering such proposals to protect the health of Australian children from carbon emissions.

Whitehaven said it expected the Minister’s final decision in the coming months and the company has continued to prepare for the expansion works.

“Importantly, this does not prevent the Minister from determining the project and indeed we note the deadline for the Minister’s decision has been extended to 30 August this year, by which time we expect a determination,” Whitehaven stated.

“There are broader potential implications of the judgement for greenhouse gas-emitting projects as a precedent and, with this is mind, we note the Minister last week signalled the federal Government’s intention to appeal the decision to the Full Federal Court, which we welcome.”

“Progress on design work for the CHPP (coal handling and preparation plant), rail spur and other site infrastructure continued during the quarter.”

Barrick second-quarter gold output falls 5.4% on maintenance shutdowns

By: Reuters

BARRICK Gold said on Thursday second-quarter gold production fell 5.4% from the previous

quarter, dented by planned maintenance shutdowns at Nevada Gold Mine, in the US, and Pueblo Viejo, in the Dominican Republic.

Total preliminary gold production fell to 1.04-million ounces in the three months ended June 30, from 1.10-million ounces in the first quarter, the company said.

Analysts on average had expected production of 1.15-million ounces, according to Refinitiv IBES.

The Canadian miner projected second quarter all-in sustaining costs per ounce, a key industry metric, to be 6% to 8% higher than in the prior quarter.

The world's second largest gold miner by reserves, which hopes the Porgera gold mine in Papua New Guinea could restart this year after reaching an agreement with the government in April, said it remains on track to achieve its 2021 forecast.

Copper production rose 3.2% to 96-million pounds from the prior quarter, the company said.

Barrick said all-in sustaining costs per pound are expected to be 20% to 22% higher than prior quarter, largely due to lower sales at Lumwana mine in Zambia and maintenance at Zaldivar mine in Chile.

https://www.miningweekly.com/topic/gold


https://www.miningweekly.com/topic/maintenance





https://www.miningweekly.com/topic/copper

https://www.miningweekly.com/topic/maintenance


The company reiterated that its gold and copper production in the second half of 2021 is expected to be higher than the first half.

Barrick is scheduled to report second-quarter results on August 9.

Coal reserves to release supply for summer peak electricity demand By Global Times

CHINA will distribute more than 10 million tons of coal from its reserves to guarantee supply

across the peak summer season, as the country has reserve facilities with a storage capacity of 100 million tons, that can be arranged by the government, the Xinhua News Agency reported on Thursday.

China has already distributed more than 5 million tons to the market on four occasions this year to meet demand, according to Xinhua, which cited sources from the National Development and Reform Commission (NDRC).

It emphasized that more than 10 million tons of coal are expected to be released to the

market to safeguard supply. The coal is stored at major reserve bases and ports across the country.

Electricity consumption in June rose 9.8 percent to 703 billion kilowatt hours (kwh) from a

year earlier, with total consumption in the first half hitting 3.93 trillion kwh, up 16.2 percent year-on-year, according to data released by the National Energy Administration on Wednesday.

China has consolidated coal reserves with a capacity of 100 million tons, which can be arranged by the government, with reserve bases currently storing about 40 million tons of coal, according to media reports.

The major reserve bases are mainly located in coal production and distribution centers,

consumption centers, major railway transportation nodes and ports, China Central Television (CCTV) reported on Thursday, citing officials from the NDRC.

The CCTV report said that China allocates 1 billion yuan ($155 million) every year from the

central budget to support the construction and maintenance of coal reserve facilities.

China has also established a reserve management information system and distribution mechanism to better to ensure the effective management of coal distribution and stabilize the market, according to CCTV.

The coal reserves will be organized and distributed to the market in an orderly manner in the near future to ensure stable supply, and China will further accelerate the construction of coal

reserves to reach a capacity of 100 million tons, per media reports.


https://www.miningweekly.com/topic/copper


The COVID-19 Pandemic Caused A Big Drop In Coal Production In Indiana

Article origination IPBS-RJC

COVID-19 has put pressure on Indiana’s already struggling coal mining industry. Coal

production dropped by nearly 37 percent last year — more than any of the other top coal mining states. Experts said it’s unlikely coal production in the U.S. will recover to what it was before the pandemic.

The U.S. Energy Information Administration shows overall coal production in the U.S. last year was the lowest it's been since 1965.

Rosalyn Berry manages the coal statistics program at the EIA. She said the “Stay-At-Home” orders during the pandemic are responsible for a lot of the decline.

“We started using a lot less electricity as a country than we had in the past and that is really what drove a lot of the reductions in coal production and coal consumption," Berry said.

Some coal mines also stopped operating for long periods of time to reduce the spread of COVID-19 among their workers.

Several coal companies filed for bankruptcy last year — including White Stallion Energy which owned four southwest Indiana mines. Berry said a lot of companies went bankrupt in 2016 too, but many of them consolidated and restructured — leading to a bump in production. The coal industry may not be so lucky this time.

“After the drop we saw in 2020. While [production] is going to come back up, I don't think it's going to come back up to the levels we've seen even in the last few years," Berry said.

So far weekly railcar loads this year are up about nine percent compared to the same time last year. Berry said how the coal industry will fare long term really depends on the price of natural gas.

Indiana not only produces a lot of coal, it also used more coal for electricity in 2019 than all but two states — Texas and North Dakota.

https://www.eia.gov/todayinenergy/detail.php?id=48696

https://indianapublicmedia.org/news/indiana-coal-company-files-for-bankruptcy,-lays-off-employees.php



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