TABLE OF CONTENTS...pertambangan, perluasan dan penciutan Wilayah Izin Usaha Pertambangan...

Daily News Update Page 1

TABLE OF CONTENTS

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Director General of Minerba: One RPP is being finalized at the State Secretariat, the other two are still harmonizing Dirjen Minerba: Satu RPP sedang finalisasi di Setneg, dua lainnya masih harmonisasi Changed to IUPK, Arutmin Mining Area Cut 40.1% Berubah Jadi IUPK, Lahan Tambang Arutmin Dipangkas 40,1% Nickel Becomes a Mainstay, Can Indonesia Become a World Respected Player? Nikel Jadi Andalan, Indonesia Bisa Jadi Pemain yang Disegani Dunia? Bukit Asam (PTBA) Assesses the Acquisition Opportunities for the Ex-Arutmin Reduced Land Bukit Asam (PTBA) kaji peluang akuisisi eks lahan Arutmin yang diciutkan Director General of Minerba: Freeport still has to build a new smelter, finished in 2023! Dirjen Minerba: Freeport tetap harus bangun smelter baru, selesai 2023! Absolute Rule Enforcement Is Implemented in the Mining Sector Penegakan Aturan Mutlak Dilaksanakan di Sektor Pertambangan China's Economy Recovers, Copper Prices Continue to Print Records Ekonomi China Pulih, Harga Tembaga Terus Cetak Rekor The combination of positive sentiment, nickel price is predicted to reach US$ 20,000 per ton in 2020 Kombinasi sentimen positif, harga nikel diprediksi tembus US$ 20.000 per ton di 2020 Bakrie's Octopus Business Unit Turns Ex-Mining Land into an Ecotourism Area Unit Usaha Gurita Bakrie Sulap Lahan Bekas Tambang Jadi Kawasan Ekowisata

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Boycotted by China, Coal Prices Do Not Decline! This is the reason Diboikot China, Harga Batu Bara Gak Mau Turun! Ini Alasannya Copper price surges on Peru worries, China futures launch Australian coal exports to China slump, but prices are mixed: Russell Miners are taking advantage of higher gold price, more projects kicking off in Q4 – Metso Outotec Glencore, Yancoal JV to slash Hunter Valley coal workforce Endeavour to buy Teranga, creating top 10 gold miner Russia eyes more active development of domestic coal production and processing in years to come

CNBC Indonesia Mining.com Reuters Kitco News Australian Mining Mining.com Metal Mining News

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Director General of Minerba: One RPP is being finalized at

the State Secretariat, the other two are still harmonizing

Reporter: Ridwan Nanda Mulyana | Editor: Anna Suci Perwitasari

THE DIRECTOR General of Mineral and

Coal (Ditgen of Minerba) of the Ministry of EMR Ridwan Djamaludin revealed the latest progress of the Draft Government Regulation (RPP) which is a derivative rule from Law Number 3 of 2020 aka the Minerba Law.

Ridwan conveyed that there were 3 RPPs being discussed by the government. One of them, namely the RPP regarding the implementation of mineral and coal mining business activities has entered the finalization stage at the State Secretariat (Setneg).

Later, the RPP will be initiated by the Minister and submitted to the President for signature. "One PP regarding exploitation has arrived at the State Secretariat, it is finalized. The Minister will initiate it and then go to the President," he said at his office on Monday (16/11).

For information, the RPP regarding the implementation of mineral and coal mining business activities includes, among other things, the national mineral and coal manage-ment plan, mining permits, expansion and reduction of the Mining Business License Area (WIUP)/Special WIUP, divestment of shares, increasing added value or downstream, as well as controlling production and sales.

Meanwhile, the other two RPPs are still in the harmonization stage or are being discussed among related ministries and agencies (K/L).

Dirjen Minerba: Satu RPP sedang finalisasi di Setneg, dua

lainnya masih harmonisasi Reporter: Ridwan Nanda Mulyana | Editor:

Anna Suci Perwitasari

DIREKTUR Jenderal Mineral dan Batubara

(Dirjen Minerba) Kementerian ESDM Ridwan Djamaludin mengungkapkan progres terkini dari Rancangan Peraturan Pemerintah (RPP) yang merupakan aturan turunan dari Undang-Undang Nomor 3 Tahun 2020 alias UU Minerba.

Ridwan menyampaikan, ada 3 RPP yang sedang dibahas pemerintah. Satu diantara-nya, yakni RPP tentang pelaksanaan kegiatan usaha pertambangan minerba sudah masuk tahap finalisasi di Sekretariat Negara (Setneg).

Nantinya, RPP tersebut akan diparaf oleh Menteri dan diserahkan ke Presiden untuk dimintai tandatangan. "Satu PP tentang pengusahaan sudah sampai di Setneg, finalisasi. Nanti paraf pada Menteri, habis itu ke Presiden," kata dia saat ditemui di kantornya, Senin (16/11).

Sebagai informasi, RPP tentang pelak-sanaan kegiatan usaha pertambangan minerba antara lain mengatur soal rencana pengelolaan minerba nasional, perizinan pertambangan, perluasan dan penciutan Wilayah Izin Usaha Pertambangan (WIUP)/WIUP Khusus, divestasi saham, peningkatan nilai tambah atau hilirisasi, serta pengendalian produksi dan pen-jualan.

Sementara itu, kedua RPP lainnya masih dalam tahap harmonisasi atau dibahas antar kementerian dan lembaga (K/L) terkait.


"Two more (RPP) are almost finished, are currently being harmonized. It is still being discussed between K/L," Ridwan continued.

Meanwhile, the two RPPs are the RPP on mining areas which, among other things, regulates the legal mining area, changes the status of the State Reserved Area to WUPK, determines the mining area and mining data and information.

Meanwhile, the other RPP regulates guidance and supervision as well as reclamation and post-mining in the implementation of mining business management. This third RPP, among others, regulates the principles of reclamation and post-mining as well as the implementation and guarantee funds, recla-mation and mining activities in WIUP/ WIUPK that meet the criteria for retrieval, as well as the transfer of post-mining land.

According to Ridwan, the RPP which has been finalized at the State Secretariat can be completed this November. Meanwhile, the other two RPPs are targeted to be completed by December 2020.

"Everything must be completed in December. If that one is Insha Allah, it will be finished (this month)," he explained.

In addition, Ridwan also said that the extension of PT Arutmin Indonesia's operations from PKP2B to IUPK for the continuation of contract/agreement operations did not refer to the three PPs. He said that the extension of operations and the granting of IUPK to Arutmin directly referred to the Minerba Law.

"Using the law (Arutmin's extension), it's clear. It can be direct," said Ridwan.

Furthermore, he explained that in addition to the three RPPs as derivative regulations of the Minerba Law, there are also RPPs regarding tax treatment/state revenue for the coal business sector. The discussion of this RPP is chaired by the Ministry of Finance (Kemenkeu).

"Dua (RPP) lagi sudah hampir selesai, sedang harmonisasi. Masih dibahas antar K/L," sambung Ridwan.

Adapun, kedua RPP tersebut adalah RPP tentang wilayah pertambangan yang antara lain mengatur soal wilayah hukum pertam-bangan, perubahan status Wilayah Pen-cadangan Negara menjadi WUPK, penetapan wilayah pertambangan serta data dan infor-masi pertambangan.

Sedangkan RPP yang lainnya mengatur tentang pembinaan dan pengawasan serta reklamasi dan pascatambang dalam penyelenggaraan pengelolaan usaha pertambangan. RPP ketiga ini antara lain mengatur tentang prinsip-prinsip reklamasi dan pascatambang serta pelaksanaan dan dana jaminannya, reklamasi dan pacatambang pada WIUP/ WIUPK yang memenuhi kriteria untuk diusahakan kembali, serta penyerahan lahan pascatambang.

Menurut Ridwan, RPP yang telah masuk finalisasi di Setneg bisa selesai pada bulan November ini. Sedangkan kedua RPP lainnya ditarget rampung paling lambat Desember 2020 mendatang.

"Semua harus selesai bulan Desember. Kalau yang satu itu Insha Allah selesai lah (bulan ini)," jelas dia.

Di samping itu, Ridwan juga mengatakan bahwa perpanjangan operasi PT Arutmin Indonesia dari PKP2B menjadi IUPK kelanjutan operasi kontrak/perjanjian tidak merujuk pada ketiga PP itu. Dia bilang, perpanjangan operasi dan pemberian IUPK untuk Arutmin langsung merujuk pada Undang-Undang Minerba.

"Memakai undang-undang (perpanjangan Arutmin), sudah jelas. Bisa langsung," ujar Ridwan.

Lebih lanjut, dia menjelaskan bahwa selain ketiga RPP sebagai aturan turunan UU Minerba, ada juga RPP mengenai perlakuan perpajakan/penerimaan negara bagi bidang usaha batubara. Pembahasan RPP ini di-komandoi oleh Kementerian Keuangan (Kemenkeu).


Through the tax RPP, IUPK holders which are a continuation of PKP2B will deposit

higher state revenues. "Taxes are being drafted. RPP Taxation is not directly

related to the Law (Minerba), at the Ministry of Finance," Ridwan concluded.

Melalui RPP perpajakan tersebut, para pemegang IUPK yang merupakan kelanjutan dari PKP2B akan menyetor penerimaan negara yang lebih tinggi. "Pajak sedang disusun. RPP Perpajakan ya, bukan terkait langsung dengan UU itu (Minerba), di Kemenkeu," pungkas Ridwan.

Changed to IUPK, Arutmin Mining Area Cut 40.1%

Rio Indrawan

PT ARUTMIN Indonesia has obtained a

Special Mining Business License (IUPK) as well as received two extensions in the form of IUPK as a continuation of contract operations/agreements for a maximum period of 10 years. One of the consequences that the Bakri e Group affil iated company must accept is the shrinkage of its mining areas.

Ridwan Djamaluddin, Director General of Mineral and Coal (Minerba) at the Ministry of Energy and Mineral Resources (MEMR), said that the shrinkage of the area was carried out in accordance with the evaluation conducted by the government when the contract extension proposal was submitted by Arutmin.

"Yes (trimmed). 40.1% less from the previous area," said Ridwan when met at the Directorate General of Mineral and Coal's office, Monday (16/11).

Arutmin applied for an extension through the letter of the President Director of PT Arutmin Indonesia Number 1036/AI/X/ 2019 dated 24 October 2019. Arutmin controlled a land concession of 57,107 hectares with the contract period ending on November 1, 2020.

Berubah Jadi IUPK, Lahan Tambang Arutmin Dipangkas

40,1% Rio Indrawan

PT ARUTMIN Indonesia telah memper-

oleh Izin Usaha Pertambangan Khusus (IUPK) sekaligus mendapatkan dua kali perpanjangan dalam bentuk IUPK sebagai kelanjutan operasi kontrak/perjanjian masing-masing untuk jangka waktu paling lama 10 tahun. Salah satu konsekuensi yang harus diterima oleh perusaaan afiliasi Bakrie Grup itu adalah penciutan lahan tambangnya.

Ridwan Djamaluddin, Direktur Jenderal Mineral dan Batu Bara (Minerba) Kementerian Energi dan Sumber Daya Mineral (ESDM), mengatakan penciutan wilayah dilakukan sesuai dengan evaluasi yang dilakukan pemerintah saat proposal perpanjangan kontrak diajukan Arutmin.

“Iyalah (diciutkan). 40,1% berkurangnya dari luas wilayah sebelumnya,” kata Ridwan saat ditemui di kantor Ditjen Minerba, Senin (16/11).

Arutmin mengajukan permohonan per-panjangan melalui Surat Presiden Direktur PT Arutmin Indonesia Nomor 1036/AI/ X/2019 tanggal 24 Oktober 2019. Arutmin menguasai konsesi lahan seluas 57.107 hektare dengan masa kontraknya berakhir pada 1 November 2020 lalu.


Based on the results of the government's evaluation, the Arutmin mine area was cut because it was deemed unproductive, even though the contract was only valid for the next 20 years. In the future, Arutmin's ex-mining land can be turned into protected forest or returned to the state.

"Just increase productivity. For example, some are protected forest and some are returned to the state. Yes (not produc-tive)," said Ridwan.

Apart from Arutmin, there are two other companies that have proposed a change in status to be able to get a contract extension, they are PT Kaltim Prima Coal (KPC) and PT Multi Harapan Utama.

KPC submitted an extension through the Letter of the President Director of PT KPC Number L-188/BOD-MD1.7.5/III/2020 dated March 30, 2020. Meanwhile, PT Multi Harapan Utama (MHU) submitted an extension through the Letter of the President Director of PT MHU number 262/OL/MHU-BOD/VI/2020 dated 29 June 2020.

KPC's contract will expire on December 31, 2021. KPC controls a concession area of 84,938 hectares.

Multi Harapan Utama controls a 39,972 hectare land use concession whose contract will expire on April 1, 2022.

Ridwan said that the evaluation is still being carried out on the two companies that have submitted changes in the form of contracts to get an extension of their mining land management period.

Apart from these three companies, there are no other companies that have proposed to change their contract to IUPK. "Not yet, there is still time (evaluation)," said Ridwan. (RI)

Berdasarkan hasil evaluasi pemerintah luasan lahan tambang Arutmin dipangkas lantaran dianggap tidak produktif, meskipun kontraknya yang baru berlaku hingga 20 tahun ke depan. Nantinya lahan bekas tambang Arutmin akan bisa dijadikan hutan lindung atau dikembalikan kepada negara.

“Meningkatkan produktivitas saja. misal-nya ada yang hutan lindung dan ada yang dikembalikan kepada negara. Iya lah (tidak produktif),” kata Ridwan.

Selain Arutmin sudah ada dua perusahaan lainnya yang mengajukan perubahan status untuk bisa mendapatkan perpan-jangan kontrak, mereka adalah PT Kaltim Prima Coal (KPC) dan PT Multi Harapan Utama.

KPC mengajukan perpanjangan melalui Surat Presiden Direktur PT KPC Nomor L-188/BOD-MD1.7.5/III/2020 tanggal 30 Maret 2020. Sementara PT Multi Harapan Utama (MHU) mengajukan perpanjangan melalui Surat Presiden Direktur PT MHU nomor 262/OL/MHU-BOD/VI/2020 tanggal 29 Juni 2020.

Kontrak KPC sendiri akan berakhir pada 31 Desember tahun 2021. KPC menguasai konsesi lahan seluas 84.938 hektare.

Multi Harapan Utama menguasai konsesi penggunaan lahan seluas 39.972 hektare yang kontraknya akan habis pada 1 April 2022.

Ridwan mengatakan evaluasi masih dilakukan terhadap dua perusahaan yang telah mengajukan perubahan bentuk kontrak untuk mendapatkan perpanjangan masa kelola lahan tambangnya.

Selain tiga perusahaan tersebut belum ada lagi perusahaan lainnya yang ajukan perubahan kontrak menjadi IUPK. “Belum, masih ada waktu (evaluasi),” kata Ridwan. (RI)


Nickel Becomes a Mainstay, Can Indonesia Become a World

Respected Player? Jaffry Prabu Prakoso

THE GOVERNMENT states that down-

streaming is a must, considering natural

resources (SDA) such as forests to gold are running low and it is increasingly difficult

to become a mainstay commodity.

Head of the Investment Coordinating Board (BKPM), Bahlil Lahadalia, said that

Indonesia actually has potential in the fisheries sector. However, because it has

not been used for a long time, Indonesia's current position is less competitive than

neighboring countries such as Vietnam and Thailand.

"If we build it now, surely they are more

efficient. What we have now is nickel,” he said in a virtual speech, Monday (16/11/

2020).

Bahlil explained that the government

wants to be a respected player in the world in the context of new and renewable

energy (EBT), especially batteries.

"This battery is 85 percent of the raw material in Indonesia. As much as 25

percent of the world's total nickel reserves are also in Indonesia,” he explained.

In order to maximize the natural resources, looking for investors who are interested in this sector. Previously, state-owned enterprises (BUMN) collaborated with a company from China, namely Contempo-rary Amperex Technology Co. Ltd (CATL) to process raw materials from upstream to downstream.

Nikel Jadi Andalan, Indonesia Bisa Jadi Pemain yang Disegani

Dunia? Jaffry Prabu Prakoso

PEMERINTAH menyatakan hilirisasi men-

jadi sebuah keharusan mengingat sumber daya alam (SDA) seperti hutan hingga

emas sudah mulai menipis dan semakin sulit menjadi komoditas andalan.

Kepala Badan Koordinasi Penanaman Modal (BKPM), Bahlil Lahadalia mengata-

kan bahwa Indonesia sebenarnya memiliki potensi di sektor perikanan. Akan tetapi,

karena tidak dimanfaatkan sejak dulu posisi Indonesia saat ini kalah bersaing

dibandingkan dengan negara tetangga seperti Vietnam dan Thailand.

“Kalau kita bangun sekarang, pasti mereka

lebih efisien. Yang ada di kita sekarang adalah nikel,” katanya dalam sambutan

virtual, Senin (16/11/2020).

Bahlil menjelaskan bahwa pemerintah ingin menjadi pemain yang disegani dunia

dalam konteks energi baru terbarukan (EBT), khususnya baterai.

“Baterai ini 85 persen bahan bakunya ada di Indonesia. Sebanyak 25 persen total

cadangan nikel dunia juga ada di Indonesia,” jelasnya.

Demi memaksimalkan SDA ini, mencari

investor yang tertarik di sektor tersebut. Sebelumnya badan usaha milik negara

(BUMN) melakukan kerja sama dengan perusahaan asal Cina yaitu Contemporary

Amperex Technology Co. Ltd (CATL) untuk mengolah bahan baku dari hulu sampai

hilir.

https://www.bisnis.com/user/477/jaffry.prabu.prakoso


Bahlil himself just returned from South Korea to explore cooperation with Hyundai for the same process and arrived at an electric car.

"So [cooperation with Hyundai] is one unit and will be the largest in the world. It is an effort so that we can become extraordinary players," he said. Editor: Ropesta Sitorus

Bahlil sendiri baru saja pulang dari Korea Selatan untuk menjajaki kerja sama dengan Hyundai untuk olahan yang sama dan sampai ke mobil listrik.

“Jadi [kerja sama dengan Hyundai] itu satu kesatuan dan akan terbesar di dunia. Itu adalah upaya agar kita bisa jadi pemain yang luar biasa,” ucapnya. Editor : Ropesta Sitorus

Bukit Asam (PTBA) Assesses the Acquisition Opportunities for the

Ex-Arutmin Reduced Land Reporter: Ridwan Nanda Mulyana | Editor:

Khomarul Hidayat

THE EMR Ministry has reduced the coal

mining concession area of PT Arutmin Indonesia by 40.1% compared to the

previous area. This was after Arutmin changed its status from a Coal Mining

Concession Work Agreement (PKP2B) to a Special Mining Business License (IUPK) for

the continuation of operations.

As a state-owned company (SOE), PT Bukit

Asam Tbk (PTBA) will study the acquisition of the former Arutmin mining

concession, which has been reduced. The reason is, if the Ministry of EMR conducts

an auction, SOEs will get priority.

PTBA Corporate Secretary Apollonius Andwie said that PTBA is still waiting for

further decisions from the government. "As a rule, if it is auctioned by the Ministry of

EMR, if they are interested, BUMN will get priority, PTBA in this case will study it

further," Andwie told Kontan.co.id, Monday (16/11).

Bukit Asam (PTBA) kaji peluang akuisisi eks lahan Arutmin yang

diciutkan Reporter: Ridwan Nanda Mulyana | Editor:

Khomarul Hidayat

KEMENTERIAN ESDM menciutkan luas

konsesi tambang batubara PT Arutmin Indonesia sebanyak 40,1% dibanding luas wilayah sebelumnya. Ini setelah Arutmin berubah status dari Perjanjian Karya Pengusahaan Pertambangan Batubara (PKP2B) menjadi Izin Usaha Pertam-bangan Khusus (IUPK) kelanjutan operasi.

Sebagai badan usaha milik negara (BUMN), PT Bukit Asam Tbk (PTBA) akan mengkaji akuisisi bekas lahan konsesi tambang Arutmin yang sudah diciutkan tersebut. Pasalnya, jika Kementerian ESDM melaku-kan lelang, maka BUMN akan mendapatkan prioritas.

Sekretaris Perusahaan PTBA Apollonius Andwie menyampaikan PTBA masih menunggu keputusan lebih lanjut dari pemerintah. "Secara aturan jika dilelang oleh Kementerian ESDM, jika berminat, BUMN akan mendapatkan prioritas, PTBA dalam hal ini akan mengkaji lebih lanjut," kata Andwie kepada Kontan.co.id, Senin (16/11).

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


Meanwhile, the PTBA study is based on a number of considerations. Especially with regard to prices or economic factors, as well as potential coal resources and reserves that can still be extracted from the region. "Yes, of course from various sides," said Andwie.

The Director General of Mineral and Coal (Ditgen of Minerba) of the Ministry of EMR Ridwan Djamaludin revealed that during the evaluation of the IUPK award, his party decided to shrink the Arutmin concession area by 40.1% from the Arutmin area when it was still PKP2B.

"There is a change, (the area). It is smaller (reduced) by 40.1%," Ridwan said when met at his office, Monday (16/11).

He said, the shrinking of the area had considered increasing Arutmin's productivity. This is because the areas that are returned to the state are areas that are no longer productive and also areas that have become protected forests.

"Just increase productivity. For example, there are protected forests, some are returned to the state," said Ridwan.

PT Arutmin Indonesia has mines located in Satui, Senakin, Batulicin, and Asam-Asam, South Kalimantan with an area of 57,107 hectares (ha). With a reduction of 40.1%, the concession area of the subsidiary PT Bumi Resources Tbk (BUMI) has decreased by around 22,900 ha. That way, the Arutmin coal concession area now lives around 34,207 ha.

Contacted separately, Executive Director of the Indonesian Coal Mining Association (APBI) Hendra Sinadia said that shrinking the area was the government's authority based on the results of an evaluation when the company applied for a l icense extension.

Adapun, kajian PTBA berdasar sejumlah pertimbangan. Terutama menyangkut harga atau faktor keekonomian, serta potensi sumber daya dan cadangan batu-bara yang masih dapat digali dari wilayah tersebut. "Ya, tentu dari berbagai sisi," ujar Andwie.

Direktur Jenderal Mineral dan Batubara (Dirjen Minerba) Kementerian ESDM Ridwan Djamaludin mengungkapkan, saat evaluasi pemberian IUPK, pihaknya memutuskan menciutkan wilayah konsesi Arutmin sebanyak 40,1% dari luas wilayah Arutmin saat masih berstatus PKP2B.

"Ada perubahan, dong (luas wilayah). Lebih kecil (diciutkan) 40,1% yang ber-kurangnya," kata Ridwan saat ditemui di kantornya, Senin (16/11).

Kata dia, penciutan wilayah tersebut telah mempertimbangkan peningkatan produk-tivitas Arutmin. Pasalnya, wilayah yang di-kembalikan kepada negara adalah wilayah yang sudah tak lagi produktif dan juga wilayah yang menjadi hutan lindung.

"Meningkatkan produktivitas saja. Misal-nya ada yang hutan lindung, ada yang dikembalikan ke negara," sebut Ridwan.

PT Arutmin Indonesia memiliki tambang yang berlokasi di Satui, Senakin, Batulicin, dan Asam-asam, Kalimantan Selatan dengan luas mencapai 57.107 hektare (ha). Dengan penciutan 40,1% maka wilayah konsesi dari anak usaha PT Bumi Resources Tbk (BUMI) itu berkurang sekitar 22.900 ha. Dengan begitu, luas wilayah konsesi batubara Arutmin kini tinggal sekitar 34.207 ha.

Dihubungi terpisah, Direktur Eksekutif Asosiasi Pertambangan Batubara Indonesia (APBI) Hendra Sinadia menga-takan, penciutan wilayah tersebut memang merupakan wewenang pemerintah ber-dasarkan hasil evaluasi saat perusahaan mengajukan perpanjangan izin.


"If the matter of downsizing is the government's authority as regulator, especially in evaluating requests from companies," said Hendra.

For information, Arutmin himself previously had the status of a PKP2B holder whose contract period ended on November 1, 2020.

Then, on November 2, 2020, the government through the Minister of EMR has granted an extension of the first 10 years of operating permits, so that Arutmin's status has now changed to IUPK as a continuation of contract/agreement operations.

Arutmin coal potential is still high. Based on data from the March 2018 Joint Ore Reserves Committee (JORC), this coal company affiliated to the Bakrie Group has Arutmin coal reserves of 213 million tons and has resources of 1.66 billion tons.

"Kalau soal penciutan itu kewenangan pemerintah sebagai regulator khususnya dalam melakukan evaluasi atas per-mohonan dari perusahaan," kata Hendra.

Sebagai informasi, Arutmin sendiri sebelumnya berstatus sebagai pemegang PKP2B yang masa kontraknya sudah berakhir pada 1 November 2020.

Lalu, pada 2 November 2020, pemerintah melalui Menteri ESDM telah memberikan perpanjangan izin operasi 10 tahun pertama, sehingga status Arutmin kini berubah menjadi IUPK sebagai kelanjutan operasi kontrak/perjanjian.

Potensi batubara Arutmin tergolong masih tinggi. Berdasarkan data dari Joint Ore Reserves Commite (JORC) Maret 2018, per-usahaan batubara yang terafiliasi ke dalam Bakrie Group ini memiliki cadangan batu-bara Arutmin mencapai 213 juta ton dan me-

miliki sumber daya sebesar 1,66 miliar ton.

Director General of Minerba: Freeport still has to build a new

smelter, finished in 2023! Reporter: Ridwan Nanda Mulyana | Editor:


THE CONSTRUCTION of a copper smelter

at PT Freeport Indonesia (PTFI) seems to be on a tug-of-war. Freeport has indicated that it will not build a new smelter, and prefers to develop an existing smelter at PT Smelting.

The government is still demanding PTFI to build a new copper smelter in accordance with the Mineral and Coal Law (Minerba Law) and the obligations under the Special Mining Business License (IUPK) which PTFI has since December 2018.

Dirjen Minerba: Freeport tetap harus bangun smelter baru,

selesai 2023! Reporter: Ridwan Nanda Mulyana | Editor:


PEMBANGUNAN smelter tembaga PT

Freeport Indonesia (PTFI) tampaknya masih tarik-ulur. Pihak Freeport telah meng-isyaratkan tidak akan membangun smelter baru, dan lebih memilih untuk mengem-bangkan smelter eksisting di PT Smelting.

Pihak pemerintah masih menuntut PTFI untuk membangun smelter tembaga baru sesuai dengan Undang-Undang Mineral dan Batubara (UU Minerba) dan kewajiban dalam Izin Usaha Pertambangan Khusus (IUPK) yang dikantongi PTFI sejak Desember 2018.


The Director General of Mineral and Coal at the Ministry of EMR Ridwan Djamaludin emphasized that increasing the capacity of the existing smelters is indeed good. However, this cannot replace PTFI's obligation to build a new smelter.

"It is not allowed (not to build a new smelter). Expansion is good, but the construction (new smelter) must be done. Clear that," Ridwan said when met at his office, Monday (16/11).

He even added that PTFI should not ask for a delay in the smelter's operational schedule. He asked PTFI to keep trying its best to complete its work. For this reason, Ridwan requested that the new copper smelter be completed in 2023.

"The postponement will only be carried out when it reaches the end, (for example) it is not finished, so go ahead, but don't postpone it now. (The target is completed in 2023), the provisions say so," he said.

Separately, Freeport Indonesia's Corporate Communication Vice President Riza Pratama said that on Friday (13/11), a memorandum of understanding (MoU) for PT Smelting's expansion was signed by Mitsubishi Material Corporation (MMC) and PTFI.

Riza said, the signing of the MoU was witnessed by the Minister of EMR, Arifin Tasrif. The expansion of the copper smelter and refinery in Gresik, which was established in 1996, aims to increase PT Smelting's capacity from 1 million to 1.3 million dry metric tons (DMT) per year.

Currently, the initial design process has started. Meanwhile, this expansion will be financed by PTFI and is targeted to be completed in 2023, the year PTFI is supposed to complete the construction of a new copper smelter at JIIPE, Gresik, East Java.

Direktur Jenderal Minerba Kementerian ESDM Ridwan Djamaludin menegaskan, peningkatan kapasitas smelter yang sudah ada memang bagus. Namun, hal itu tidak bisa menggantikan kewajiban PTFI untuk membangun smelter baru.

"Tidak boleh (tidak membangun smelter baru). Ekspansi bagus, tapi yang pem-bangunan (smelter baru) harus dikerjakan. Clear itu," kata Ridwan saat ditemui di kantornya, Senin (16/11).

Dia bahkan menambahkan, PTFI juga semestinya tidak memohon penundaan jadwal operasional smelter tersebut. Dia meminta, PTFI tetap maksimal berupaya menyelesaikan pekerjaannya. Untuk itu, Ridwan meminta agar smelter tembaga baru tetap selesai pada 2023.

"Penundaan itu hanya akan dilakukan kalau sudah sampai diujung, (misalkan) itu belum selesai, ya silakan saja, tapi jangan sekarang menundanya. (Target selesai tahun 2023), ketentuan mengatakan demikian," tegas dia.

Secara terpisah, Vice President Corporate Communication Freeport Indonesia Riza Pratama menyampaikan bahwa pada Jum'at (13/11) lalu, telah ditandatangani nota kesepahaman (MoU) ekspansi PT Smelting oleh Mitsubishi Material Corporation (MMC) dan PTFI.

Riza bilang, penandatanganan MoU tersebut disaksikan oleh Menteri Energi dan Sumber Daya Mineral, Arifin Tasrif. Ekspansi pabrik peleburan dan pemurnian tembaga di Gresik yang berdiri sejak 1996 itu bertujuan meningkatkan kapasitas PT Smelting dari 1 juta menjadi 1,3 juta dry metric ton (DMT) per tahun.

Saat ini, proses initial design sudah dimulai. Adapun, ekspansi ini akan dibiayai oleh PTFI dan ditargetkan rampung pada tahun 2023, tahun dimana PTFI seharusnya menyelesaikan pembangunan smelter tembaga baru di JIIPE, Gresik, Jawa Timur.


"The expansion is to increase 30% of PT Smelting's capacity. Initial design has started, this expansion will be completed in 2023. This expansion is part of fulfilling PTFI's domestic processing and/or refining obligations," explained Riza to Kontan.co.id, Monday (16/11).

Contacted separately, Mining Law Observer from Tarumanegara University Ahmad Redi considered that PTFI expansion at PT Smelting was an ordinary corporate action. The corporate action should not have negated PTFI's legal obligation to build a smelter. Because, it is a mandatory that cannot be replaced, let alone ignored.

Moreover, the construction of a new smelter is also related to the multiplier effect that the state and society can have. "The construction of a smelter is not only a matter of processing and refining copper, but with the presence of a new factory/ smelter, there will be a multi-filter effect. This is one of the goals of mineral downstreaming," said Redi.

Kontan.co.id had previously written about the impact of PTFI's new smelter, if it was built or not. Referring to the data provided by the Directorate General of Mineral and Coal at the Ministry of EMR, there are several aspects of revenue and value added contributions that are compared to the construction of this Freeport copper smelter.

This assumption is based on the smelter capacity of 300,000 tonnes of cathode that will be absorbed domestically, plus a 10% growth in consumption per year. This calculation is also based on projected revenues for the 17 years of operation.

In terms of total mining revenues, if a smelter is not built, the total will be US$ 24.80 billion. If a smelter is built, it will decrease to US$ 21.20 billion.

"Ekspansi untuk meningkatkan 30% dari kapasitas PT Smelting. Initial design sudah dimulai, ekspansi ini akan diselesaikan di tahun 2023. Ekspansi ini merupakan bagian dari pemenuhan kewajiban pengolahan dan/atau pemurnian dalam negeri PTFI," terang Riza kepada Kontan.co.id, Senin (16/11).

Dihubungi terpisah, Pengamat Hukum Pertambangan dari Universitas Taruma-negara Ahmad Redi menilai bahwa ekspansi PTFI di PT Smelting adalah aksi korporasi biasa. Seharusnya, aksi korporasi itu tidak menggugurkan kewajiban hukum PTFI dalam membangun smelter. Sebab, hal itu merupakan mandatory yang tidak bisa diganti, apalagi diabaikan.

Apalagi, pembangunan smelter baru juga terkait dengan dampak turunan (multiplier effect) yang bisa didapatkan negara dan masyarakat. "Pembangunan smelter tidak hanya soal mengenai adanya pengolahan dan pemurnian tembaga, namun dengan adanya pabrik/smelter baru maka akan ada multifyer effect. Inilah salah satu tujuan hilirisasi mineral," tegas Redi.

Kontan.co.id sebelumnya sudah menuliskan bagaimana dampak smelter baru PTFI, seandainya dibangun, atau tidak mem-bangun. Merujuk pada data yang Ditjen Minerba Kementerian ESDM, ada beberapa aspek penerimaan dan kontribusi nilai tambah yang diperbandingkan atas pem-bangunan smelter tembaga Freeport ini.

Asumsi ini berdasarkan kapasitas smelter sebesar 300.000 ton katoda yang diserap domestik, ditambah pertumbuhan konsumsi 10% per tahun. Perhitungan ini juga di-dasarkan atas proyeksi penerimaan selama 17 tahun beroperasi

Dari sisi total penerimaan tambang, jika tidak membangun smelter maka jumlahnya sebesar US$ 24,80 miliar. Jika dibangun smelter, memang akan menurun menjadi US$ 21,20 miliar.


Likewise, total state revenue from the

upstream side will drop to US$ 43.70

billion when the smelter is built. If you

don't build a smelter, the total state

revenue from upstream is projected to be

US$ 46 billion.

Meanwhile, the export value of cathodes if

Freeport does not build a smelter is

estimated at US$ 1.81 billion. If it is built, it

could be reduced to US$ 1.45 billion.

However, from the downstream industry

state revenue side, there will be a

significant increase if Freeport builds a

new smelter amounting to US$ 15.56

billion. If they don't build it, it will only

amount to US$ 2.53 billion.

Likewise, the contribution of added value

to GDP per year. If you build a smelter, it is

estimated at US$ 6.83 billion. Meanwhile, if

it does not build, it will only be US$ 1.81

billion.

In terms of labor absorption, if you don't

build a new smelter, it will only absorb

1,000 workers. Meanwhile, building a new

smelter is projected to absorb up to 30,000

workers.

In conclusion, building a new copper

smelter could potentially reduce state

revenues in the upstream sector. However,

the country gets higher incomes in the

downstream sector and opens up new jobs.

Meanwhile, since 2018 PTFI has prepared

land to build a smelter in the JIIPE Gresik

area, East Java. It should have been

completed in December 2023. However,

until July 2020, the realization of the

construction had only reached 5.86%.

Begitu juga dengan total penerimaan negara dari sisi hulu yang akan turun menjadi US$ 43,70 miliar ketika smelter terbangun. Jika tidak membangun smelter, total penerimaan negara dari hulu di-proyeksikan sebesar US$ 46 miliar.

Adapun, nilai ekspor katoda jika Freeport tidak membangun smelter ditaksir sebesar US$ 1,81 miliar. Jika membangun, bisa lebih mini menjadi US$ 1,45 miliar.

Namun, dari sisi penerimaan negara industri hilir, akan ada peningkatan signifikan jika Freeport membangun smelter baru yakni sebesar US$ 15,56 miliar. Jika tidak membangun, hanya sebesar US$ 2,53 miliar.

Begitu juga kontribusi nilai tambah ter-hadap PDB per tahun. Jika membangun smelter, ditaksir sebesar US$ 6,83 miliar. Sedangkan jika tidak membangun hanya US$ 1,81 miliar.

Dari sisi serapan tenaga kerja, jika tidak membangun smelter baru, hanya akan menyerap 1.000 tenaga kerja. Sedangkan jika membangun smelter baru di-proyeksikan akan menyerap hingga 30.000 tenaga kerja.

Kesimpulannya, dengan membangun smelter tembaga baru dapat berpotensi menurunkan pendapatan negara pada sektor Hulu. Namun negara memperoleh pendapatan yang lebih tinggi pada sektor hilir dan membuka lapangan pekerjaan baru.

Adapun, sejak tahun 2018 PTFI sudah menyiapkan lahan untuk membangun smelter di kawasan JIIPE Gresik, Jawa Timur. Seharusnya, dapat selesai pada Desember 2023. Namun hingga Juli 2020, realisasi pembangunannya baru mencapai 5,86%.


Absolute Rule Enforcement Is Implemented in the Mining

Sector Raja Suhud | Economy

THE PROVINCIAL Government of the Bangka Belitung Islands (Babel) has issued a Work Plan and Budget (RKAB) regulation for mining companies.

With the approval of the RKAB, mining companies can export tin directly to foreign countries, without conducting exploration and exploitation activities first. The existence of an RKAB is a requirement for the Ministry of Trade to issue export permits.

Currently the Ministry of Energy and Mineral Resources (MEMR) through the Directorate General of Mineral and Coal (Minerba) continues to strive so that the Government Regulation (PP) which becomes a derivative rule of Law Number 3 of 2020 concerning Mineral and Coal can be completed soon.

There are three Drafts of Government Regulation (RPP) that are currently being drafted for completion as they are related to the continuation of the mining operations of a number of companies.

"We are currently preparing three RPPs. "We are trying hard to solve it so that business entities can continue their activities without any obstacles," said Director General of Minerba Ridwan Djamaludin in his written statement.

Even though the Minerba Law was enacted on June 10, 2020, until now it is still the pros and cons of several parties. However, according to him, when a decision has been made, it means that it must be obeyed until there is a better solution in the future.

Penegakan Aturan Mutlak Dilaksanakan di Sektor

Pertambangan Raja Suhud | Ekonomi

PEMERINTAH Provinsi Kepulauan Bangka

Belitung (Babel) telah menerbitan aturan Rencana Kerja dan Anggaran Biaya (RKAB) bagi perusahan tambang.

Dengan persetujuan RKAB itu perusahaan pertambangan bisa melakukan ekspor timah langsung ke luar negeri, tanpa melakukan kegiatan eksplorasi dan eksploitasi terlebih dahulu. Adanya RKAB menjadi syarat bagi Kementerian Perdagangan guna menerbit-kan ijin ekspor.

Saat ini Kementerian Energi dan Sumber Daya Mineral (ESDM) melalui Direktorat Jendral Mineral dan Batubara (Minerba) terus berupaya agar Peraturan Pemerintah (PP) yang manjadi aturan turunan dari Undang-Undang (UU) Nomor 3 tahun 2020 tentang Mineral dan Batubara bisa segera rampung.

Ada tiga Rancangan Peraturan Pemerintah (RPP) yang sedang disusun agar segera selesai karena terkait kelanjutan operasi-onal tambang sejumlah perusahaan.

“Kami sekarang sedang menyusun tiga RPP. Sedang berusaha keras untuk menye-lesaikannya supaya badan usaha dapat dilanjutkan kegiatannya tanpa kendala," kata Dirjen Minerba Ridwan Djamaludin dalam keterangan tertulisnya.

Meski UU Minerba sudah diundangkan pada 10 juni 2020, namun sampai saat ini masih menjadi pro kontra beberapa pihak. Meski demikian, menurutnya ketika sebuah keputusan sudah dibuat, berarti harus di-patuhi sampai ada solusi yang lebih baik di masa mendatang.


"For me, it's just fine (contra), but we

anticipate that this kind of condition will

make our efforts not in a productive

position," he said.

He also hopes that the PP drafting process

will not be shaken too strongly because if it

is not finished on time, it will have a bad

impact.

Regarding processing and refining

activities, this law removes the authority of

the minister or governor to issue mining

business permits (IUP) for production

operations specifically for processing and

refining.

Regarding the case in Babel, the central

government has the authority to

investigate and investigate mining in all

mining jurisdictions.

To strengthen the policy of increasing

added value, he said, apart from mineral

processing and refining, this has been

regulated in the 2009 Minerba Law.

On a di fferent occasion, Member of

Commission III of the DPR RI from the

Golkar faction Supriansa saw contradictory

things being done by the Babel Provincial

Government regarding law enforcement

and in terms of state revenue from the

mining sector.

"We want the law enforcement apparatus

and related agencies to work together

without sectoral egos to enforce the law

against the il legal mining sector to

maximize state revenue," he said. (E-1)

”Buat saya bagus-bagus aja saja (kontra),

namun kita antisipasi jangan sampai

kondisi seperti ini malah membuat upaya

kita tidak dalam posisi produktif,” ujarnya.

Dia pun berharap dalam proses

penyusunan PP ini tidak digoyang terlalu

kuat karena jika tidak selesai sesuai

waktunya, maka akan berdampak tidak

baik.

Mengenai kegiatan pengolahan dan pe-

murnian, UU ini menghapus kewenangan

menteri atau gubernur untuk menerbitkan

izin usaha pertambangan (IUP) operasi

produksi khusus pengolahan dan

pemurnian.

Terkait kasus di Babel, pemerintah pusat

berwenang penyelidikan dan penelitian

pertambangan pada selu ruh wilayah

hukum pertambangan.

Untuk memperkuat kebijakan peningkatan

nilai tambah, katanya, selain pengolahan

dan pemurnian mineral, hal itu sudah

diatur dalam UU Minerba 2009.

Dalam ksempatan yang berbeda,Anggota

Komisi III DPR RI dari Fraksi Golkar

Supriansa melihat adanya hal berten-

tangan yang dilakukan oleh Pemprov Babel

terkait penegakan hukum dan dalam hal

penerimaan negara sektor pertambangan.

“Kami ingin pihak aparat penegak hukum

dan instansi terkait untuk bersama-sama

tanpa adanya ego sektoral melakukan

penegakan hukum terhadap sektor per-

tambangan yang ilegal untuk memaksi-

malkan penerimaan Negara,” tegasnya. (E-

1)


China's Economy Recovers, Copper Prices Continue to Print

Records Finna U. Ulfah

COPPER prices are still on the upward

path and continue to touch their highest levels supported by decreased inventories in China, the world's largest importer, and the weakening trend in the US dollar.

Based on Bloomberg data, on Monday

(11/16/2020) trading at 11.00 WIB copper prices on the London Metal Exchange rose

2.8 percent to US$ 7,179 per tonne. That level is the highest since June 2018.

Meanwhile, in the same trade at 13.48 WIB on the Comex exchange, the price of copper

for the March 2021 contract rose 2.37 percent to US$ 3.26 per pound.

Meanwhile, the US dollar index, which

measures the strength of the greenback in front of a basket of major currencies,

moved down 0.16 percent to 92.607. During the year 2020, the US dollar index

weakened 3.91 percent when copper prices rallied and strengthened by 13.91

percent.

For information, the weakening of the US

dollar will be a positive catalyst for copper and other commodities because prices will

be cheaper for buyers denominated in other than US dollars.

In addition, the decline in copper stocks on the Shanghai Futures Exchange has

signaled that the use of copper for China's main consumers is quite strong amid the

prospects for economic recovery due to the Covid-19 pandemic.

Ekonomi China Pulih, Harga Tembaga Terus Cetak Rekor

Finna U. Ulfah

HARGA tembaga masih berada di jalur

kenaikan dan terus menyentuh level tertingginya didukung oleh penurunan persediaan di China sebagai importir terbesar dunia, dan tren pelemahan dolar AS.

Berdasarkan data Bloomberg, pada per-dagangan Senin (16/11/2020) pada pukul 11.00 WIB harga tembaga di London Metal Exchange menguat 2,8 persen ke posisi US$7.179 per ton. Level itu merupakan yang tertinggi sejak Juni 2018.

Sementara itu, pada perdagangan yang sama pukul 13.48 WIB di bursa Comex harga tembaga untuk kontrak Maret 2021 naik 2,37 persen ke posisi US$3,26 per pon.

Adapun, indeks dolar AS yang mengukur kekuatan greenback di hadapan sekeranjang mata uang utama bergerak melemah 0,16 persen ke posisi 92,607. Sepanjang tahun berjalan 2020, indeks dolar AS melemah 3,91 persen di saat harga tembaga reli dan menguat hingga 13,91 persen.

Untuk diketahui, pelemahan dolar AS akan menjadi katalis positif bagi tembaga dan komoditas lainnya karena harga akan menjadi lebih murah bagi pembeli berdenominasi selain dolar AS.

Selain itu, penurunan stok tembaga di Shanghai Futures Exchange telah mem-berikan sinyal bahwa penggunaan tembaga bagi konsumen utama China cukup kuat di tengah prospek pemulihan ekonomi akibat pandemi Covid-19.

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

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



On the other hand, the problem of tight global copper supply amidst growing demand from China remains a major concern of the market.

The market is concerned that the lockdown in several countries will occur again due to signals of the spread of Covid-19 which are spreading again and could further disrupt production.

Not only that, the Candelaria Lundin Mining Corp. mining operations. stalled following the union's strike that has been going on for 4 consecutive weeks.

RJO Futures analyst Frank Cholly said that sentiment was also coming from Peru, one of the world's largest copper producers, on the political uncertainty that has added to the positive catalyst for copper.

“News like this from Peru and Chile is a bullish signal for the metal. Historically, we have seen what could happen to copper prices if there is a disruption in the region,” Cholly said as quoted by Bloomberg, Monday (16/11/2020).

Meanwhile, StoneX analyst Natalia Scott-Gray said that the price of copper has the potential to continue to get a boost from hopes of a Covid-19 vaccine that can accelerate global economic growth.

To note, Pfizer Inc said that its vaccine candidate, which is being developed in partnership with Germany's BioNTech, is more than 90 percent effective in preventing Covid-19. The claim is based on data from the first 94 people infected with the virus in Pfizer's large-scale clinical trial.

"The base metal is being supported by the underlying optimism that there will be light at the end of the tunnel from Covid-19 as progress is being made from the viral vaccine," said Scott-Gray. Editor: Hafiyyan

Di sisi lain, masalah ketatnya pasokan tembaga global di tengah meningkatnya permintaan dari China tetap menjadi per-hatian utama pasar.

Pasar mengkhawatirkan lockdown di beberapa negara kembali terjadi akibat sinyal penyebaran Covid-19 yang kembali meluas dan dapat mengganggu produksi lebih lanjut.

Tidak hanya itu, operasional tambang Candelaria Lundin Mining Corp. terhenti menyusul aksi mogok kerja dari serikat pekerja yang telah berlangsung selama 4 pekan berturut-turut.

Analis RJO Futures Frank Cholly mengatakan bahwa sentimen juga datang dari Peru, salah satu produsen tembaga terbesar dunia, terkait ketidakpastian politik yang telah menambahkan katalis positif tembaga.

“Berita seperti ini dari Peru dan Chile menjadi sinyal bullish untuk logam. Secara historis, kami sudah melihat apa yang bisa terjadi pada harga tembaga bila ada gangguan di wilayah itu,” ujar Cholly seperti dikutip dari Bloomberg, Senin (16/11/2020).

Sementara itu, Analis StoneX Natalia Scott-Gray mengatakan bahwa harga tembaga ber-potensi terus mendapat dorongan dari harapan vaksin Covid-19 yang dapat meng-akselerasi pertumbuhan ekonomi global.

Untuk diketahui, Pfizer Inc mengatakan bahwa kandidat vaksinnya, yang sedang dikembangkan dalam kemitraan dengan BioNTech Jerman, lebih dari 90 persen efektif dalam mencegah Covid-19. Klaim tersebut didasarkan pada data dari 94 orang pertama yang terinfeksi virus dalam uji klinis skala besar Pfizer.

“Logam dasar sedang didukung oleh optimisme yang mendasari bahwa akan ada cahaya di ujung terowongan dari Covid-19 seiring dengan kemajuan yang sedang dibuat dari vaksin virus," papar Scott-Gray. Editor : Hafiyyan



The combination of positive sentiment, nickel price is

predicted to reach US$20,000 per ton in 2020

Reporter: Intan Nirmala Sari | Editor: Anna Suci Perwitasari

THE UPWARD trend in nickel prices is

predicted to continue into the next year. This potential is also bolstered by the upward trend in prices for its benchmark commodity, copper and a series of positive sentiments.

Quoting Bloomberg, Friday (13/11) the price of nickel for three-month delivery contracts is at US$ 15,892 per ton. This makes nickel prices up 3.45% in the week.

Central Capital Futures analyst Wahyu Tribowo Laksono predicts that in the first quarter of 2021, nickel prices could break from their highest level of US$ 18,884 per ton. In fact, he is also optimistic, nickel strengthening will continue to the level of US$ 20,000 per ton next year.

The trend of commodity locomotives such as oil and copper is considered positive enough to support other commodities to rise.

"So other industrial metals could be similar to or close to the positive trend of copper. Especially in the third quarter of 2020, base metal has risen 8.95 percent," Wahyu told Kontan.co.id, Monday (16/11).

Another sentiment that could raise nickel prices is related to the development of the Covid-19 vaccine. Fortunately, the market has already priced in , where many commodities have started to rebound after falling in April 2020.

Kombinasi sentimen positif, harga nikel diprediksi tembus

US$20.000 per ton di 2020 Reporter: Intan Nirmala Sari | Editor: Anna

Suci Perwitasari

TREN kenaikan harga nikel diprediksi

masih akan berlanjut hingga tahun depan.

Potensi tersebut turut ditopang oleh tren kenaikan harga komoditas acuannya yakni

tembaga dan serangkaian sentimen positif.

Mengutip Bloomberg, Jumat (13/11) harga nikel kontrak pengiriman tiga bulanan

berada di level US$ 15.892 per ton. Ini membuat harga nikel naik 3,45% dalam

sepekan.

Analis Central Capital Futures Wahyu Tribowo Laksono memprediksi pada

kuartal I-2021, harga nikel bisa tembus dari level tertingginya di US$ 18.884 per

ton. Bahkan, dia pun optimistis, penguatan nikel berlanjut hingga ke level US$ 20.000

per ton di tahun depan.

Tren lokomotif komoditas seperti minyak

dan tembaga dinilai cukup positif untuk menopang komoditas lainnya naik.

"Jadi logam industri lainnya bisa jadi mirip

atau mendekati tren positif tembaga. Apalagi di kuartal III-2020 base metal

sudah naik 8,95%," kata Wahyu kepada Kontan.co.id, Senin (16/11).

Sentimen lain yang bisa mengerek harga

nikel adalah terkait perkembangan vaksin Covid-19. Untungnya, pasar sudah lebih

dulu price in, di mana banyak komoditas mulai rebound setelah anjlok di bulan April

2020 lalu.


The sentiment flushing stimulus that was carried out by several countries and central banks, as well as the impact of the reflationary trade trend, also remains a pillar.

Even so, Wahyu assessed that the discovery of a vaccine might complicate the existence of a larger fiscal stimulus (health and workforce stimulus). In addition, US president-elect Joe Biden also has many agendas such as a Green New Deal and tax increases. These various Biden policies, of course, will trigger a deeper budget deficit.

"Lack of fiscal stimulus will hold back the effectiveness of this policy for economic recovery, which is not easy. So, vaccines are not the only solution to the US economic crisis, especially related to labor problems," said Wahyu.

Even so, the US economic challenges have the potential to pave the way for the Federal Reserve to step forward and provide monetary stimulus. If that happens, it will support the world gold bulls and maintain the reflationary trade and suppress the greenback.

"So in the short term (nickel) can still be corrected or fluctuated, but in the medium and long term nickel is still one of the foremost and promising ones," he said.

Moreover, if you look at its movements throughout 2020, nickel is one of the earliest commodities to score its highest level again, namely at the January 2020 level, namely US$ 14,432 per ton in August. The increase continued and touched the level of US$ 15,812 per ton in September.

Meanwhile, Wahyu predicts, in the fourth quarter of 2020 nickel is still trying to strengthen through the level of US$ 17,000 per ton, even the level of US$ 18,000 per ton is no longer an impossible level this year.

Sentimen penggelontoran stimulus yang banyak dilakukan beberapa negara dan dan bank sentral, serta dampak dari tren reflationary trade juga masih jadi penopang.

Meskipun begitu, Wahyu menilai penemuan vaksin mungkin saja akan mempersulit adanya stimulus fiskal (stimulus kesehatan dan tenaga kerja) yang lebih besar. Selain itu, presiden terpilih AS Joe Biden juga memiliki banyak agenda seperti Green New Deal dan kenaikan pajak. Berbagai kebijakan Biden tersebut, tentunya bakal memicu defisit anggaran yang lebih dalam.

"Kekurangan stimulus fiskal bakal menahan efektifitas kebi jakan tersebut bagi pemulihan ekonomi yang memang tidak mudah. Sehingga, vaksin bukan satu-satunya solusi bagi krisis ekonomi AS, khususnya terkait masalah tenaga kerja," jelas Wahyu.

Meskipun begitu, tantangan ekonomi AS tersebut berpotensi membuka jalan bagi The Federal Reserve untuk maju dan memberikan stimulus moneter. Jika itu terjadi, maka akan mendukung bullish emas dunia dan mempertahankan reflationary trade dan menekan the greenback.

"Jadi dalam jangka pendek (nikel) masih bisa koreksi atau fluktuasi, namun di jangka menengah dan panjang nikel masih menjadi salah satu yang terdepan dan menjanjikan," ujar dia.

Apalagi , jika melihat pergerakannya sepanjang 2020, nikel termasuk komoditas yang paling awal kembali mencetak level tertinggi yakni di level Januari 2020 yakni US$ 14.432 per ton pada Agustus lalu. Kenaikan berlanjut dan menyentuh level US$ 15.812 per ton di September lalu.

Sementara itu, Wahyu memprediksi, di kuartal IV-2020 nikel masih mencoba menguat menembus level US$ 17.000 per ton, bahkan level US$ 18.000 per ton bukan lagi level yang mustahil di tahun ini.


Bakrie's Octopus Business Unit Turns Ex-Mining Land into an

Ecotourism Area Author/Editor: Annisa Nurfitriyani

PT BUMI Resources Tbk (BUMI) strives

and works hard for the Company in the

fields of environmental management, conservation and biodiversity conser-

vation through a series of ESG programs to achieve sustainable development goals

(SDG). One of them is by carrying out reclamation in a former mining area

belonging to one of BUMI's business units, namely KPC, in Sangatta, East Kalimantan.

The area which is named Telaga Batu Arang (TBA) has an area of 270 hectares,

including a lake covering an area of 12.43 hectares which has a depth of approxi-

mately 35 meters. The determination of the name Telaga Batu Arang was

inaugurated on April 22, 2012 to coincide with Earth Day, and the inauguration was

attended by the Deputy Regent of East Kutai, Ardiansyah Sulaiman, and the late H.

Bastar who are local community leaders. Then TBA was designated as one of the

tourist attractions by the Government based on the East Kutai Regent Decree

Number: 430/K.243/2013 dated April 1, 2013.

TBA is reclaimed into an ecotourism

tourism area which is designed as a tourist park with educational features, and its

management is community-based so that it can support the economy of the

surrounding community. In addition to the lake which is the main feature of TBA's

tourist attraction,...

Unit Usaha Gurita Bakrie Sulap Lahan Bekas Tambang Jadi

Kawasan Ekowisata Penulis/Editor: Annisa Nurfitriyani

PT BUMI Resources Tbk (BUMI) berupaya

dan kerja keras yang telah dilakukan Perseroan dalam bidang pengelolaan lingkungan, konservasi, serta pelestarian keanekaragaman hayati melaui rangkaian program-progam ESG untuk mencapai target-target pembangunan berkelanjutan (Sustainable Development Goals). Salah satu nya adalah dengan melakukan rekla-masi pada bekas kawasan pertambangan milik salah satu unit usaha BUMI, yaitu KPC, di Sangatta, Kalimantan Timur.

Kawasan yang diberi nama Telaga Batu

Arang (TBA) ini memiliki luas 270 Ha, termasuk telaga seluas 12,43 Ha yang

memiliki kedalaman kurang lebih 35 meter. Penetapan nama Telaga Batu Arang

diresmikan pada 22 April 2012 bertepatan dengan Hari Bumi, dan peresmiannya saat

itu dihadiri oleh Wakil Bupati Kutai Timur, Ardiansyah Sulaiman, dan Alm H. Bastar

yang merupakan tokoh masyarakat setempat . Kemudian TBA ditetapkan

menjadi salah satu objek wisata oleh Pemerintah berdasarkan SK Bupati Kutai

Timur Nomor : 430/K.243/2013 tanggal 1 April 2013.

TBA direklamasi menjadi kawasan wisata ecotourism yang di desain sebagai taman

wisata dengan fitur edukatif, dan penge-lolaannya berbasis komunitas/masyarat

sehingga dapat menjadi penyang ga ekonomi masyarakat sekitar. Selain telaga

yang menjadi fitur utama daya tarik wisata TBA,...

https://www.wartaekonomi.co.id/redaksi/annis

https://www.wartaekonomi.co.id/tag25935/pt-bumi-resources-tbk-bumi


In addition to the lake which is the main feature of TBA's tourist attraction, several areas/clusters that can be visited are Bukit Pandang, here visitors will be spoiled with beautiful views in various directions such as the Kutai National Park (TNK), the Sangatta River, the KPC mine, and the beauty of the lake.

Meanwhile, to maintain biodiversity, in TBA there is also a Sambar Deer (Servus Unicolor) captivity, and a Bird Watching area to observe various types of birds that live freely in the TBA area. Not only that, considering that the TBA area also functions as a buffer zone for KNP, the TBA area is planted with a variety of plants that can invite various endemic animals (birds, insects, etc.).

Apart from providing benefits for the balance of the ecosystem, the TBA area also provides useful clusters for tourism and education, which are still being built and developed as part of the realization of KPC's Post-mining Plan. TBA is also open to all parties who intend to conduct research, as well as study in the open air.

Although currently the use of the TBA area is still limited to the activities of the Company and the Company's official guests, the company's business unit, KPC, is still developing TBA infrastructure development so that this area can not only be a tourist attraction that can be enjoyed by the community, but can also provide economic benefits for the people of East Kutai.

With the existence of this TBA area, the Company hopes to inspire other mining companies to take advantage of the ex-mining area, thereby minimizing environ-mental damage due to coal mining.

Selain telaga yang menjadi fitur utama daya tarik wisata TBA, beberapa area/klaster yang dapat dikunjungi adalah Bukit Pandang, disini pengunjung akan dimanja-kan dengan pemandangan indah ke berbagai arah seperti Taman Nasional Kutai (TNK), Sungai Sangatta, tambang KPC, dan keindahan danau.

Sementara untuk menjaga keanekaragaman hayati, di TBA juga terdapat penangkaran Rusa Sambar (Servus Unicolor), dan area Bird Watching untuk mengamati berbagai jenis burung yang hidup secara bebas di areal TBA. Tidak hanya itu, mengingat wilayah TBA juga berfungsi sebagai zona penyangga TNK, maka di wilayah TBA ditanam beraneka ragam tanaman yang dapat mengundang berbagai satwa endemik (burung, serangga, dsb).

Selain memberikan manfaat untuk keseim-bangan ekosistem, area TBA juga menyedia-kan klaster-klaster yang bermanfaat untuk wisata dan edukasi, yang masih terus dibangun dan dikembangan sebagai bagian dari realisasi Rencana Pascatambang KPC. TBA juga terbuka bagi semua pihak yang bermaksud untuk melakukan penelitian, maupun kuliah di alam terbuka.

Meskipun saat ini pemanfataan area TBA masih terbatas pada kegiatan Perseroan dan tamu resmi Perseroan, namun unit usaha Perseoran, KPC, masih terus mengem-bangkan pembangunan infrastuktur TBA sehingga wilayah ini bukan hanya dapat menjadi obyek wisata yang dapat dinikmati masyarakat, tapi juga dapat memberikan manfaat ekonomi bagi masyarakat Kutai Timur.

Dengan adanya kawasan TBA ini, Perseroan berharap dapat menginspirasi perusahaan tambang lain untuk memanfaatkan kawasan bekas tambang, sehingga meminimalisir kerusakan lingkungkan akibat penambangan batu bara.


Boycotted by China, Coal Prices Do Not Decline! This is the

reason Tirta Citradi, CNBC Indonesia

ALTHOUGH China boycotted Australian

coal products, the price of the Newcastle thermal coal futures (futures) contract remained firmly in the range of its highest level in the last 7 months.

Last Monday (16/11/2020), the ICE Newcastle coal futures contract price was closed flat, aka no movement at all. The contract price for the most active coal being traded is at US$ 62.6/ton.

Based on Refinitiv data, Australian exports of coking coal and thermal coal to China reached 3.35 million tonnes in October, up slightly from 3.31 million in September, but dropped dramatically from 12.33 million in June which was the strongest month. this time of year.

Although coal imports from China have experienced a significant decline in recent times, Australian coal exports do not appear to have been significantly affected as this is offset by an increase in exports to other destinations, namely India, South Korea and Japan.

Exports to India in September this year were recorded at 5.97 million tons. However, Indian coal imports from Australia are predominantly coking coal and therefore have little impact on the price of thermal coal.

Outside of China, Australia's main thermal coal customers are Japan and South Korea, which provides a more positive picture for the Kangaroo coal miners.

Diboikot China, Harga Batu Bara Gak Mau Turun! Ini

Alasannya Tirta Citradi, CNBC Indonesia

MESKI China memboikot produk batu bara

Australia, tetapi harga kontrak futures (berjangka) batu bara termal Newcastle tetap kokoh berada di rentang level tertingginya dalam 7 bulan terakhir.

Senin kemarin (16/11/2020), harga kontrak futures batu bara ICE Newcastle ditutup flat alias tak mengalami pergerakan sama sekali. Harga kontrak batu bara yang teraktif di-transaksikan itu anteng di level US$ 62,6/ton.

Berdasarkan data Refinitiv, ekspor Australia untuk jenis batu bara kokas dan batu bara termal ke China mencapai 3,35 juta ton pada Oktober atau naik sedikit dari 3,31 juta pada September, tetapi turun drastis dari 12,33 juta pada Juni yang menjadi bulan terkuat sepanjang tahun ini.

Kendati impor batu bara dari China meng-alami penurunan yang signifikan belakangan ini, ekspor batu bara Australia tampaknya tidak terlalu signifikan terdampak karena diimbangi dengan peningkatan ekspor ke destinasi lain yaitu India, Korea Selatan dan juga Jepang.

Ekspor ke India dalam pada bulan September tahun ini tercatat sebesar 5,97 juta ton. Namun, impor batu bara India dari Australia sebagian besar merupakan batu bara kokas dan oleh karena itu hanya berdampak kecil pada harga batu bara termal.

Di luar China, pelanggan batu bara termal utama Australia adalah Jepang dan Korea Selatan, yang memberikan gambaran yang lebih positif bagi penambang batu bara asal Negeri Kanguru.


Australian exports to Japan have increased slightly in recent months. Coal exports were recorded at 8.3 million tonnes in October and 8.45 million in September. Exports in those two months were the best since March.

Shipments to South Korea reached 4.95 million tonnes in October, an increase from 4.24 million in September and became Australia's strongest export since December last year.

Commodity prices, especially coal, also received positive sentiment from the development of the Covid-19 vaccine.

After Pfizer and BioNTech, it was Gamaleya Research Institute's turn to announce that the Sputnik V vaccine candidate has an efficacy rate of 92%. Last night Moderna Inc also reported that the vaccine candidate they developed had an efficacy rate of 94.5%.

"We will have a vaccine that can stop Covid-19," Moderna President Stephen Hoge said in a telephone interview with Reuters.

This was welcomed by the market and resulted in an increase in the prices of financial assets and commodities. Vaccines for now are the only hope to be able to restore a global economy that is dying from the Covid-19 pandemic. CNBC

INDONESIA RESEARCH TEAM (twg/twg)

Ekspor Australia ke Jepang sedikit me-ningkat dalam beberapa bulan terakhir. Ekspor batu bara tercatat mencapai 8,3 juta ton di bulan Oktober dan 8,45 juta di bulan September. Ekspor pada dua bulan tersebut menjadi yang terbaik sejak Maret.

Pengiriman ke Korea Selatan mencapai 4,95 juta ton pada Oktober atau mengalami kenaikan dari 4,24 juta pada September dan menjadi ekspor Australia terkuat sejak Desember tahun lalu.

Harga komoditas terutama batu bara juga mendapat sentimen positif dari perkem-bangan vaksin Covid-19.

Setelah Pfizer dan BioNTech, giliran Gamaleya Research Institute yang meng-umumkan bahwa kandidat vaksin Sputnik V memiliki tingkat efficacy sebesar 92%. Semalam Moderna Inc juga melaporkan bahwa kandidat vaksin yang mereka kembangkan memiliki tingkat keampuhan mencapai 94,5%.

"Kita akan memiliki vaksin yang dapat menghentikan Covid-19," kata Presiden Moderna Stephen Hoge dalam wawancara telepon dengan Reuters.

Hal tersebut disambut baik oleh pasar dan berimbas pada kenaikan harga aset-aset keuangan maupun komoditas. Vaksin untuk saat ini menjadi satu-satunya harapan untuk bisa memulihkan ekonomi global yang sekarat akibat pandemi Covid-19. TIM RISET CNBC INDONESIA (twg/twg)

Copper price surges on Peru worries, China futures launch Frik Els

COPPER prices set fresh multiyear highs on Monday over worries about possible supply

disruptions following unrest in Peru and optimism about the launch of a Chinese futures contract open to international investors.

https://www.mining.com/author/frik/


On the Comex market, copper for delivery in December gained 2.7% to $3.2625 a pound ($7,193 a tonne) amid heavy buying, with more than $8.3 billion worth of metal traded by mid-afternoon in New York.

Monday’s trading brings the bellwether metal’s recovery since the height of the covid-19 induced sell-off, which sent the copper price crashing to below $2.00 a pound, to more than nearly 70%.

Peru’s currency fell to a record low over the weekend amid political chaos and the largest protests in the capital Lima in decades. Experts have also warned that further upheavals threaten the fight against the coronavirus in the country, which, with a population of 32 million, has one of the world’s highest per-capita death rates from covid-19.

In a note, BMO Capital Markets said the unrest in Peru, the world’s number two copper producer behind Chile, while focused on the capital, could cause issues for copper concentrate logistics (plus other metals), should the situation escalate.

An indication of the scarcity of concentrate for prompt delivery, spot treatment charges – paid by miners to refiners – plunged to an eight-year low of around $45 a tonne last week, a 40% decline from the 2020 high hit in March.

TC/RCs were already under pressure from reports that China has unofficially banned Australian imports of concentrate amid a political row between the two countries.

The future of Chinese futures

As of Thursday, overseas investors will, for the first time, be able to trade copper futures on the Shanghai International Energy Exchange.

The new contract priced in yuan will exclude taxes and customs duty and will be delivered into bonded warehouses, helping the exchange compete better with the London Metal Exchange. The current contract on the Shanghai Futures Exchange is aimed at local traders.

Chances of the success of the new contract in establishing a new benchmark price in Asia are high given China’s dominance in copper markets. China accounts for more than half the world’s copper consumption, up from less than 40% in 2020 and only 12% in 2000.

Imports of unwrought copper were a staggering 618,000 tonnes in October, bringing the year-to-date total to 5.6 million tonnes, already a record annual high.

Imports of concentrate are also likely to set a new record this year, despite the scarcity on spot market, albeit only slightly up from 2019’s 22 million tonnes of shipments.

Australian coal exports to China slump, but prices are mixed: Russell By Clyde Russell

CHINA’s unofficial ban on coal imports from Australia is starting to take its toll on volumes,

with departing cargoes down sharply so far in November. But something odd is happening with prices.

https://www.mining.com/web/china-wants-a-made-in-china-copper-price/

https://www.mining.com/web/chinas-copper-import-boom-leaves-other-metals-cold/

https://www.reuters.com/journalists/clyde-russell


China imports two main types of coal from Australia, coking coal used to make steel and thermal coal, used predominantly to generate power, but which can also be used in industrial processes such as cement and ceramics.

As you may expect, the lower Chinese demand for coking coal has hit prices, with Singapore Exchange futures SCAFc1, which mirror free-on-board Australian prices, dropping to a four-year low of $104.86 a tonne on Friday.

This is down 25.1% from the recent peak of $140 a tonne on Oct. 5, hit just before reports started emerging of Chinese officials giving unofficial verbal instructions to traders and steel mills to halt purchases of Australian coal.

While Beijing has made no official comment on banning Australian coal imports, along with commodities such as copper ores, lobsters and barley, China has made clear its anger over Canberra’s call for an international probe of the origins and early response to the coronavirus pandemic.

Unlike coking coal, however, the price of benchmark Australian thermal coal at the main port of Newcastle has been moving in the opposite direction.

Newcastle coal futures traded on the ICE Exchange NCFMc1 closed at $63.25 a tonne on Friday, down slightly from the prior day's close of $62.30, which was the highest in seven months.

The contract has gained 30.4% since this year’s low of $48.50 on Sept. 7, and has also rallied about 7% since the start of November.

The Newcastle weekly index ARGMCCINDX=ARG, as assessed by commodity price reporting agency Argus, ended last week at $58.30 a tonne, also the highest since mid-April and about 26% above this year's low of $46.37 from the first week in September.

The question is why the price of Australian thermal coal should be rising amid an effective ban by China, especially since volumes appear to be plummeting.

Australia’s exports of both coking and thermal coal to China were 3.35 million tonnes in October, up slightly from September’s 3.31 million, but dramatically down from 12.33 million in June, the strongest month so far this year, according to vessel-tracking data compiled by Refinitiv.

The sharp drop in recent months appears likely to get worse in the current month, with just four vessels having loaded coal until now with China as a destination.

While the data only reflects the first half of November, it is worth noting that October saw 33 ships depart Australia for China, and the peak month of June saw 124 departures.

AUSTRALIA SURVIVING WITHOUT CHINA?

However, the shipping data also shows that Australia’s total exports have not been too badly affected, with October departures of 29.34 million tonnes only slightly below September’s 29.86 million and the 32.7 million from the peak month this year of June.

This suggests that Australia has managed to find other customers for the coal that China is not taking, and indeed exports to India in the three months to October were the highest since April, with September’s figure of 5.97 million tonnes the highest in Refinitiv data going back to the start of 2015.

https://www.reuters.com/quote/SCAFc1

https://www.reuters.com/quote/NCFMc1

https://www.reuters.com/quote/ARGMCCINDXUSD


However, India’s coal imports from Australia are overwhelmingly coking coal and therefore should have little impact on the price of thermal coal.

Outside China, Australia’s major thermal coal customers are Japan and South Korea, which present a more positive picture for Australian coal miners.

Australia’s exports to Japan have picked up slightly in recent months, with October’s 8.3 million tonnes and September’s 8.45 million being the best since March.

Shipments to South Korea were 4.95 million tonnes in October, up from 4.24 million in September and the strongest since December last year.

Another factor is that China is having to scramble to source alternative supplies of thermal coal, and there are few countries that can easily step up and deliver coal of the same quality as Australia.

One of those is South Africa, where the price of thermal coal at the main export port of Richards Bay API4INDEX=ARG, has been rallying, ending at $67.09 a tonne for the week to Friday, up 17.5% from a recent low in mid-October.

The rising price of alternatives to Australia’s Newcastle has the effect of dragging up the price there as well, notwithstanding Chinese buyers’ withdrawal from the Australian market.

It is also likely that some global trading players have taken bullish positions in anticipation of Chinese traders trying to find alternatives to Australian cargoes.

Overall, what appears to be happening is that the thermal coal market is adjusting to the increased likelihood that China will buy less from Australia, and more from elsewhere, even if it ends up in higher prices for a period. Editing by Clarence Fernandez

Miners are taking advantage of higher gold price, more projects kicking off in Q4 – Metso Outotec

By Anna Golubova

MINING companies are taking advantage of higher gold prices this year, especially when it

comes to silver and gold projects, according to Metso Outotec.

More new projects are starting to take off in Q4, Metso Outotec's President of North and Central America Giuseppe Campanelli and VP of metals sales for North and Central America Tim Robinson told Kitco News.

"Our customers, especially on the gold and silver side, are looking to ramp up as fast as they can. They want to take advantage of the fact that gold prices are high. Maybe smaller projects are faster to execute and get into operation. That seems to be a little bit of a trend," Campanelli said.

Throughout the COVID-19 crisis, miners have managed to maintain production level while following through on new social distancing measures.

https://www.reuters.com/quote/API4INDEXUSD

https://www.kitco.com/reporters/AnnaGolubova/


"Our customers are doing a fantastic job of managing COVID as best they can, maintaining production levels, trying to ensure that their operations are ongoing by social distancing, and securing their supply chain," Campanelli said. "They're turning profit and I think we have a very strong role to play to help them."

The coronavirus crisis has created a lot of uncertainty globally, Campanelli stated, adding that precious metals prices have benefited greatly from that uncertainty.

"Gold is a hedge against uncertainty. So gold prices skyrocketed, silver prices as well. The precious metals are benefiting from that quite heavily," he said. "But we're also seeing lofty commodity prices for base metals. Copper prices are fairly strong as well as iron ore. This is great for our customers and we have been supporting them as they ramp up production to take advantage of the spike. There are many interesting projects on the go at the moment."

Initially, COVID has triggered a delay in financing but the actual work has never stopped, Robinson highlighted.

"COVID did affect some of the gold projects with regards to financing, where the banks couldn't visit the sites however, this did not stop the preparation work for these projects," he said. "It did delay projects being executed this year but we are seeing some movement in Q4 and that's all really positive and bodes well for 2021.

Social distancing and remote monitoring

Social distancing was one new major change that needed to be introduced at mine sites this year, which has successfully been implemented, Campanelli said.

"Our customers are limiting heavily who can go to site. They're trying to social distance and run their operations," he noted. "That changed significantly how we interact with our customer. We've moved through virtual communication. There's only so much you can do virtually. They still have a need for our services and people are going there to help them, but it's limited and on the need-to-go basis."

Digital solutions and remote monitoring have become very popular this year, helping the mining industry deal with the current coronavirus situation, Campanelli pointed out.

"We've been further developing our virtual communication channels to perform remote inspections and support them remotely. We have remote monitoring centers that we call Performance Centers, in Santiago, Chile and Changsha, China," he said.

This was already a trend already pre-COVID, Campanelli added. "It's becoming increasingly difficult for our customers to operate their sites. As ore grades decline, mines are more remote and are deeper in the ground … Our equipment is digitalized meaning, we can extract information on equipment and process performance."

The data received is then used to project what's going to happen next and advise what adjustments could be made.

Outlook on mining

The outlook for the mining industry remains positive going forward, especially when it comes to gold and precious metals throughout North and Central America, Robinson added.


"We're quite busy with the initial phases of projects, in particular, gold projects. In terms of that, they haven't stopped, they're preparing for execution. That's really positive," he

described.

On the base-metal side of things, there were more delays this year because base metals projects have larger scale and larger capital because of the tonnage that goes through the

plant, Robinson pointed out.

"It's a little bit different on the base metals side," he said. "The capital that's required for some of the larger base metals projects is more significant than gold. The difference between this

year and the years before is that we've seen good prices on gold and good prices on copper and everybody's excited about that, but it's delayed decision-making."

Going forward, gold does not need to maintain its new highs in order for most of the projects to make money, Robinson said. "Gold projects haven't been based on $1,900 per ounce gold.

They've been justified on earlier prices. We are confident on these projects being executed next year," he noted.

There is also a lot of innovation happening in the mining space. Robinson highlighted energy

comminution technology, tailings management, EV battery material processing technology, sustainable metals recycling and BIOX technologies.

"BIOX technologies, for example, is biological leaching of refractory oars. It's been around for

some time, but not necessarily in this region. We've got operations using this technology in Africa, in Australia, and in central Asia. But there's a lot of interest in the technology in North

America," Robinson said.

Merger news

According to its website: "Metso Outotec is a frontrunner in sustainable technologies, end-to-

end solutions and services for the minerals processing, aggregates, metals refining and recycling industries globally."

This summer, Metso and Outotec completed their merger, which has created "a truly end-to-

end portfolio of solutions covering a more significant part of the customer's flow sheet," said Campanelli.

The merger has also allowed Metso Outotec to take on more complex challenges and more risks.

"Now, we have the ability to deliver a much larger scope. We can be more responsible for

what's being fed into the equipment and how it's processed later on," Campanelli described. "From the services side … we take on more of the responsibility and really help our customers

optimize their plants, optimize their downtime, and the reliability of their equipment."


Glencore, Yancoal JV to slash Hunter Valley coal workforce Salomae Haselgrove

JOINT venture (JV) partners Yancoal and Glencore are set to stand down contract staff at

their Hunter Valley coal operations in New South Wales.

According to Glencore, workers will leave their roles according to the mine’s revised processing requirements from next January.

This is attributed to ongoing economic and demand impacts arising from the COVID-19 pandemic.

A Glencore spokesperson said that discussions had been initiated with the workforce on the changes that would be made to the operation’s processing requirements.

“The changes will not impact HVO’s permanent workforce numbers, but some contracting roles in the mining, coal preparation and maintenance areas will not be required under the revised production plan,” the spokesperson said.

Glencore holds a 49 per cent stake in the operation, with Yancoal holding the majority 51 per cent interest.

The JV produced 14.4 million tonnes of thermal and coking coal last year.

Thermal and semi-soft coking coal producers have been working against falling coal demand due to the COVID-19 pandemic.

According to the Australian Department of Industry, Science, Energy and Resources’ September quarterly report, the country’s thermal coal export earnings have continued to decline due to a contraction in seaborne trade.

It anticipates a fall in Australian thermal coal exports from $20 billion in 2019-20 to $15 billion in 2020-21, before reaching a partial recovery to $17 billion in the following period.

At present, the Newcastle benchmark price for thermal coal is forecast to average $US54 ($73.79) per tonne in 2020, before rising to $US65 a tonne in 2022.

This is still well below the 2018 high cycle peaks of $US120 per tonne.

Endeavour to buy Teranga, creating top 10 gold miner Cecilia Jamasmie

ENDEAVOUR Mining (TSX: EDV), already West Africa’s top gold producer, has agreed to buy

Teranga Gold (TSX: TGZ) in an all-share deal worth C$2.44 billion ($1.86 billion), which would create a top 10 gold producer.

https://www.australianmining.com.au/author/salomae-haselgrove/

https://www.mining.com/author/cecilia/

https://www.mining.com/endeavour-becomes-west-africas-top-gold-miner/

https://www.endeavourmining.com/news-releases/press-release-details/2020/Endeavour-and-Teranga-Announce-Combination-to-Create-New-Senior-Gold-Producer/default.aspx


The miner is offering 0.470 of its own shares for each Teranga share, a 5.1% premium to Teranga’s closing price on Friday.

Endeavour shareholders will end up with 66% of the combined entity, with Teranga shareholders holding the remaining 34%. Teranga will get three seats on the board to Endeavour’s seven.

La Mancha, the vehicle which Egyptian billionaire Naguib Sawiris holds his stake in Endeavour, will invest a further $200 million into the combined miner, leaving it with a 19% stake.

Endeavour’s acquisition of Teranga adds another operating asset — Wahgnion — to its four existing mines in Burkina Faso. It also gives it exposure to Senegal through the Massawa project, which Teranga bought from Barrick Gold (TSX:ABX) (NYSE:GOLD) last year.

A successful deal would consolidate Endeavour’s growth, which completed the acquisition of smaller rival Semafo in July, bringing together six mines with strong cash flows into one portfolio.

The company’s had previously tried to buy Egypt-focused Centamin (LON:CEY) (TSX:CEE), but talks failed to deliver a deal.

Among top dogs

The combined miner, which aims to list in London next year, will produce about 1.5 million ounces of gold a year from six core operating mines in three countries — Senegal, Burkina Faso and Côte d’Ivoire.

With a pro-forma market capitalization of C$7.6 billion ($5.8bn), it would also be among the most valuable precious metals companies currently listed on the London Stock Exchange. These include Russian duo Polyus (LON: PLZL) and Polymetal International (LON: POLY), Mexico-focused Fresnillo (LON: FRES) and Canadian Yamana Gold (LON: AUY).

“We like the strategic rationale for the combination with respect to asset quality, diversification and potential synergies in West Africa, larger production profile and potentially improved share liquidity,” BMO Metals & Mining analyst Raj Ray wrote on Monday.

The deal is expected to close in the first quarter of 2021.

Russia eyes more active development of domestic coal production and processing in years to come

Published by Simon Matthis

RUSSIA plans to continue the development of domestic coal production and processing,

despite the pandemic and the ever growing environmental concerns, according to recent statements, made by some senior officials of the Russian Ministry of Energy and some local media reports.

https://www.mining.com/barrick-to-sell-stake-in-senegal-project-to-teranga-gold-for-about-430m/

https://www.mining.com/endeavour-becomes-west-africas-top-gold-miner/

https://www.mining.com/endeavour-mining-walks-away-from-takeover-talks-with-centamin/

https://www.mining.com/endeavour-mining-mulls-potential-london-listing/

https://www.mining.com/yamana-gold-to-begin-trading-on-the-london-stock-exchange/

https://www.miningmetalnews.com/index.php/user/30


The pandemic and associated with this economic recession has led to a significant decline of both production and exports of coal from Russia.

According to official state statistics, In January - October 2020, the volume coal production in Russia fell by 9.7% compared to the same period in 2019 and reached 328.439 million tons. Of these, supplies to the domestic market amounted to 133.44 million tons, while exports to 161.75 million tons.

The list of the largest coal producers in Russia consists of SUEK, Kuzbassrazrezugol and HC SDS-Ugol.

According to recent forecasts, made by the Russian Minister of Energy Alexander Novak, this year the decline of coal exports from Russia will be in the range of 10% to 22%. In 2019 the volume of coal exports from Russia amounted to 205.39 million tons and there is a possibility these figures will significantly decline this year.

Still, according to expectations of Russia’s Deputy Energy Minister Anatoly Yanovsky, the volume of supplies will return to 220 million tonnes in 2022.

Despite the fact that coal industry became one the few segments of the Russian fuel and energy complex, which has become a subject of successful reforms, which led to privatization of some major industry players, the current situation in it remains complex.

According to recent statistics, published by the Russian Federal State Statistics Service (Rosstat), the share of unprofitable enterprises in the domestic coal sector is estimated at about 40% and there is a possibility may further grow by the end of the current year.

In general, the last 10 years became successful for the Russian coal sector, which was reflected by the increase of domestic production by more than 1.3 times, up to 440 million tons in 2019.

In addition, the volume of investments in fixed assets of the industry grew by 2.5 times, which led to the commissioning of more than 297 million tons of new coal mining capacities.

At the same time exports have become the major driver of the industry’s growth in recent years while resulted in the entering Russia the world’s three top coal exporters.

Still, in recent months the industry has faced with serious difficulties, that may prevent it more active growth, while in addition to pandemic, an additional pressure on it is put by the ever growing demand for clean energy among the major customers of Russian coal.

That may lead to the decline of exports of Russian coal already in the middle-term and losses of local producers.

At the same time, one of the ways to avoid this and to ensure stable revenue flows from the coal sector may be related with the beginning of more active development of coal processing and coal chemistry in Russia.

At present Russia significantly lags behind other global coal producers in terms of coal processing. If during the Soviet times, the range of coal –based product in the country exceeded 2,000 items, at present these figures do not exceed 200-300 items.

In the meantime, the Russian federal government and the national Parliament are aware of the existing problems, considering ways for their solution.


According to Pavel Zavalny, Chairman of the Committee of Energy of the State Duma, the production of coal-based products with high-added value in Russia will be significantly increased already within the next several years.

For this purpose, special centers of coal chemistry will be established close to some major coal-producing centers of the country. As part of state plans, that will allow to reduce transport costs and minimize a negative impact on environment.

Gennady Alekseev, general director of SDS-Ugol, one of Russia’s largest coal producers, said that there are significant external risks for coal both in Russia and in the global scale, among which are the currently negative image of coal, the existing Paris Agreement, as well as the ever toughening of environmental requirements.

According to analysts and producers, in order to better withstand these threats the industry should become more consolidated.

For this purpose, the Kuzbass region, a region in southwestern Siberia, (which accounts for about 60% of the overall coal production in Russia) into a center for deep coal processing in the country, including the production of liquefied gas and hydrogen from coal.

So far, producers have already called on the Russian government to design legislative framework, that could stimulate the development of coal processing industry in Russia, which has already been supported by representatives of the state.

From their side, producers have confirmed their intention for the development of domestic coal production and processing.

That will be achieved by the planned implementation of some major investment projects, which is scheduled already within the next several months.

Perhaps, the biggest of them has been recently launched by the Russian investment holding AEON Corporation and involves building a large-scale coal mining and processing cluster in the north of the Krasnoyarsk Territory, that will be operate in extreme arctic conditions

It is planned, most of the future output of the factory, that will be operated under the Severnaya Zvezda brand and supplied to the countries of Southeast Asia via the Northern Sea Route.

The factory will have an annual capacity of 5 million tonnes per year and will be located 105 kilometers from one of the northernmost settlements of Russia – Dikson.

In addition to production itself, the projects involves building of coal-preparation plant and other infrastructure.

According to Roman Trotsenko, Chairman of AEON Corporation, as part of the project, the world’s longest protected from the wind conveyor (with a length of 61 kilometers) will be built, which will prevent coal from scattering windward during its transportation to the port.

In the meantime, that will probably be not a single major project in the Russian coal sector, scheduled for implementation within the next several months, as Evraz a British multinational vertically integrated steel making and mining company, (which primarily operates in Russia and Ukraine) has recently announced its plans to consolidate its coal mining business on the basis of PJSC Raspadskaya, with the aim to establish one of the world’s largest coal productions on its basis already in the short-term.


As part of these plans, the production complex of expanded Raspadskaya will include 7 mines, 2 open-pit mines and 3 concentrating plants in the Kemerovo region and 1 mine in the Tyva Republic. The reserves of the combined company will amount to 1.9 billion tons of coal.

As a result of the deal, Raspadskaya will become the largest player in the Russian coking coal market in terms of production and will be one of the world’s largest coal producers in terms of revenue. Text: Eugen Gerden

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