IMA-Daily Update
Coal Price Projection Goes Down, PNBP Deposit Target Still
Boosted
THE DPR'S Budget Agency (Banggar)
rejected the Ministry of Energy and
Mineral Resources (ESDM) proposal to cut
mineral and coal non-tax (PNBP) targets.
The DPR asks the government to continue to increase the non-tax revenues of the
Minerba in the 2020 State Budget and
Expenditure (APBN) even though coal
prices are down.
Thus, the government and the DPR Budget
Agency finally agreed to the Minerba PNBP
target of Rp 44.39 trillion next year,
according to the proposal in the 2020 Draft State Budget.
That figure consists of coal PNBP worth
Rp.22.2 trillion and other mineral PNBP
worth Rp.1.1.1 trillion.
"This is a challenge for the government to
continue to boost coal revenue," Said
Abdullah, Deputy Chair of the House of
Representatives, Wednesday (4/9).
ESDM Ministry's Mineral and Coal Director
General Bambang Gatot estimates tha
Minerba PNBP will only reach Rp 37.24
trillion next year.
This figure is lower than the government's
proposal in the 2020 Draft State Budget,
which is Rp 44.39 trillion.
The revenue which is estimated to be lower is considering a decline in the
reference coal price (HBA) assuming the
rupiah exchange rate is fixed at Rp 14,400
per US dollar (US).
Coal Price Projection Goes Target Still
Budget Agency (Banggar)
rejected the Ministry of Energy and
Mineral Resources (ESDM) proposal to cut
tax (PNBP) targets.
The DPR asks the government to continue tax revenues of the
Minerba in the 2020 State Budget and
Expenditure (APBN) even though coal
s, the government and the DPR Budget
Agency finally agreed to the Minerba PNBP
target of Rp 44.39 trillion next year,
according to the proposal in the 2020 Draft
That figure consists of coal PNBP worth
Rp.22.2 trillion and other mineral PNBP
"This is a challenge for the government to
continue to boost coal revenue," Said
Abdullah, Deputy Chair of the House of
Representatives, Wednesday (4/9).
ESDM Ministry's Mineral and Coal Director
General Bambang Gatot estimates that
Minerba PNBP will only reach Rp 37.24
This figure is lower than the government's
proposal in the 2020 Draft State Budget,
The revenue which is estimated to be lower is considering a decline in the
reference coal price (HBA) assuming the
rupiah exchange rate is fixed at Rp 14,400
Proyeksi Harga Batubara Turun, Target Setoran PNBP Tetap
digenjot
BADAN Anggaran (Banggar) DPR menolak
usulan Kementerian Energi dan Sumber
Daya Mineral (ESDM) untuk memangkas
target penerimaan negara bukan pajak
(PNBP) mineral dan batubara (minerba).
DPR meminta pemerintah tetap meng
genjot PNBP minerba di
dapatan dan Belanja Negara (APBN) 2020
meskipun harga batubara sedang turun.
Dus, pemerintah dan Banggar DPR
akhirnya menyepakati target PNBP
minerba tahun depan sebesar Rp 44,39
triliun, sesuai usulan dalam RAPBN 2020.
Angka itu terdiri dari PNBP batubara
senilai Rp 26,2 triliun dan PNBP mineral
lainnya yang senilai Rp 18,1 triliun.
"Ini menjadi tantangan pemerintah untuk
tetap menggenjot penerimaan batubara,"
kata Said Abdullah, Wakil Ketua Banggar
DPR, Rabu (4/9).
Direktur Jenderal Mineral dan Batubara
Kementerian ESDM Bambang Gatot mem
perkirakan, PNBP minerba pada tahun
depan hanya sebesar Rp 37,24 triliun.
Angka ini lebih rendah dari usulan
pemerintah di RAPBN 2020
44,39 triliun.
Penerimaan yang diperkirakan lebih
rendah itu mempertimbang
harga batubara acuan (HBA) dengan
asumsi kurs rupiah tetap Rp 14.400 per
dollar Amerika Serikat (AS).
Page 1
Proyeksi Harga Batubara Turun, Target Setoran PNBP Tetap
digenjot
Anggaran (Banggar) DPR menolak
usulan Kementerian Energi dan Sumber
Daya Mineral (ESDM) untuk memangkas
target penerimaan negara bukan pajak
(PNBP) mineral dan batubara (minerba).
DPR meminta pemerintah tetap meng-
genjot PNBP minerba di Anggaran Pen-
atan dan Belanja Negara (APBN) 2020
meskipun harga batubara sedang turun.
dan Banggar DPR
akhirnya menyepakati target PNBP
minerba tahun depan sebesar Rp 44,39
triliun, sesuai usulan dalam RAPBN 2020.
Angka itu terdiri dari PNBP batubara
senilai Rp 26,2 triliun dan PNBP mineral
lainnya yang senilai Rp 18,1 triliun.
"Ini menjadi tantangan pemerintah untuk
tetap menggenjot penerimaan batubara,"
kata Said Abdullah, Wakil Ketua Banggar
Direktur Jenderal Mineral dan Batubara
Kementerian ESDM Bambang Gatot mem-
perkirakan, PNBP minerba pada tahun
depan hanya sebesar Rp 37,24 triliun.
Angka ini lebih rendah dari usulan
pemerintah di RAPBN 2020, yakni Rp
Penerimaan yang diperkirakan lebih
rendah itu mempertimbangkan penurunan
harga batubara acuan (HBA) dengan
asumsi kurs rupiah tetap Rp 14.400 per
dollar Amerika Serikat (AS).
IMA-Daily Update
"Initially, the HBA still used above US$ 77 per ton and is currently estimated to reach US$ 70 per ton in 2020," Bambang said during a working committee meeting (Panja) of the DPR Budget Agency,Wednesday (4/9).
Because of a trade war
Bambang added, the decline in the HBA occurred due to global sentiment, especially, the continuing tradebetween the US and China.
This keeps coal demand in a downward trend.
In the Financial Note for the 2020 State Budget and Expenditure (RAPBN), the reference coal price is actually lower than this year.
For the record in 2018, the HBA is still recorded at US$ 99 per ton.
This figure is indeed up compared tprevious year which was US$ 85.9 per ton.
But 2019 coal production fell to 530 million tons from the previous year 548.6 million tons.
For 2020, the government estimates the HBA will drop to US$ 90 per ton.
But coal production next year is estimated to be stagnant or still the same as the realization in 2019. Reporter: Yusuf Imam
Santoso, Editor: Tedy Gumilar
PT Timah Pocketed Debts Rp150 Billion from Bank Mandiri
PT TIMAH Tbk pocketed loan funds from
PT Bank Mandiri (Persero) Tbk in the amount of Rp150 billion.
"Initially, the HBA still used above US$ 77 per ton and is currently estimated to reach US$ 70 per ton in 2020," Bambang said
king committee meeting (Panja) of the DPR Budget Agency,
Bambang added, the decline in the HBA occurred due to global sentiment, especially, the continuing trade war
n a downward
In the Financial Note for the 2020 State Budget and Expenditure (RAPBN), the reference coal price is actually lower than
For the record in 2018, the HBA is still
This figure is indeed up compared to the previous year which was US$ 85.9 per ton.
But 2019 coal production fell to 530 million tons from the previous year 548.6
For 2020, the government estimates the HBA will drop to US$ 90 per ton.
But coal production next year is estimated to be stagnant or still the same as the
Reporter: Yusuf Imam
"Awalnya, HBA masih menggunakan di atas US$ 77 per ton dan saat ini diperkirakan bisa mencapai US$ 70 per ton di 2020," kata Bambang saat rapat panitia kerja (Panja) Badan Anggaran DPR, Rabu (4/9).
Gara-gara perang dagang
Bambang menambahkan, penurunan HBA terjadi karena sentimen global, terutama, berlanjutnya perang dagang antara AS dengan China.
Ini membuat permintaan batubara dalam tren penurunan.
Dalam Nota Keuangan Rancangan Anggaran Pendapatan dan Belanja Negara (RAPBN) 2020, harga batubara acuan tersebut sejatinya sudah lebih rendah dibandingkan dengan tahun ini.
Sebagai catatan pada 2018, masih sebesar US$ 99 per ton.
Angka ini memang naik dibanding dengan tahun sebelumnya yang sebesar US$ 85,9 per ton.
Tapi produksi batubara 2019 turun jadi 530 juta ton dari tahun sebelumnya 548,6 juta ton.
Untuk tahun 2020, pemerintah mempkan HBA turun menjadi sebesar US$ 90 per ton.
Namun produksi batubara tahun depan ditaksir stagnan atau masih sama dengan realisasi tahun 2019. Reporter: Yusuf Imam
Santoso, Editor: Tedy Gumilar
PT Timah Pocketed Debts Rp150 Billion from Bank Mandiri
Tbk pocketed loan funds from
PT Bank Mandiri (Persero) Tbk in the
PT Timah Kantongi Utang Rp150 Miliar dari Bank Mandiri
PT TIMAH Tbk mengantongi dana
pinjaman dari PT Bank MandiriTbk sebesar Rp150 miliar.
Page 2
"Awalnya, HBA masih menggunakan di atas US$ 77 per ton dan saat ini diperkirakan
per ton di 2020," kata Bambang saat rapat panitia kerja (Panja) Badan Anggaran DPR, Rabu (4/9).
gara perang dagang
Bambang menambahkan, penurunan HBA terjadi karena sentimen global, terutama, berlanjutnya perang dagang antara AS
Ini membuat permintaan batubara dalam
Dalam Nota Keuangan Rancangan Anggaran Pendapatan dan Belanja Negara (RAPBN) 2020, harga batubara acuan tersebut sejatinya sudah lebih rendah dibandingkan dengan
Sebagai catatan pada 2018, HBA tercatat masih sebesar US$ 99 per ton.
Angka ini memang naik dibanding dengan tahun sebelumnya yang sebesar US$ 85,9 per
Tapi produksi batubara 2019 turun jadi 530 juta ton dari tahun sebelumnya 548,6 juta ton.
Untuk tahun 2020, pemerintah memperkira-kan HBA turun menjadi sebesar US$ 90 per
Namun produksi batubara tahun depan ditaksir stagnan atau masih sama dengan
Reporter: Yusuf Imam
Santoso, Editor: Tedy Gumilar
PT Timah Kantongi Utang Rp150 Miliar dari Bank Mandiri
Tbk mengantongi dana
Bank Mandiri (Persero) Tbk sebesar Rp150 miliar.
IMA-Daily Update
The funds will be used by PT Timah to strengthen the receipt of payments and strengthen the liquidity of PT Timah's business partners.
The agreement was signed by the Finance Director of PT Timah Emil Ermindra, Bank Mandiri SVP SME Banking Choirul Anwar,and Bank Mandiri Retail Banking Director Donsuwan Simatupang.
Emil said that the loan was carried out under the accepted invoice financing facility scheme. These funds will later help pay PT Timah to a number of parties who are the company's partners. Thuflow of the State Owned Enterprises (BUMN) can still remain positive.
"This loan facility helps smooth our payments. Then it helps our cash flow and becomes our control tool," Emil said, Wednesday (4/9).
Through this loan facility, the managemeof PT Timah will pay bills to its partners through Bank Mandiri. Thus, the company will reduce payments to some partners using cash.
"So we began to reduce payments by cash," he explained.
On the same occasion, Donsuwan said that the loan would make it easier for those who collaborate with PT Timah to get accelerated payments from the company. However, before payment is made, PT Timah must verify and accept the bill from the partner.
"This cooperation is a continuation of how to realize the synergy of BUMN and jointly develop the country. This can help PT Timah when it needs cash flow," said Donsuwan.
He stated that the partner would get certainty from PT Timah in making payments from the cooperation carried out. In addition,...
The funds will be used by PT Timah to strengthen the receipt of payments and strengthen the liquidity of PT Timah's
The agreement was signed by the Finance Director of PT Timah Emil Ermindra, Bank Mandiri SVP SME Banking Choirul Anwar, and Bank Mandiri Retail Banking Director
Emil said that the loan was carried out under the accepted invoice financing facility scheme. These funds will later help pay PT Timah to a number of parties who are the company's partners. Thus, the cash flow of the State Owned Enterprises (BUMN) can still remain positive.
"This loan facility helps smooth our payments. Then it helps our cash flow and becomes our control tool," Emil said,
Through this loan facility, the management of PT Timah will pay bills to its partners through Bank Mandiri. Thus, the company will reduce payments to some partners
"So we began to reduce payments by cash,"
On the same occasion, Donsuwan said that easier for those
who collaborate with PT Timah to get accelerated payments from the company. However, before payment is made, PT Timah must verify and accept the bill from
"This cooperation is a continuation of how MN and jointly
develop the country. This can help PT Timah when it needs cash flow," said
He stated that the partner would get certainty from PT Timah in making payments from the cooperation carried
Dana itu akan digunakan PTmemperkuat penerimaan pembayaran dan memperkuat likuiditas mitra bisnis PT Timah.
Kesepakatan tersebut ditandatangani oleh Direktur Keuangan PT Timah Emil Ermindra, SVP SME Banking Bank Mandiri Choirul Anwar, dan Direktur Retail Banking Bank Mandiri Donsuwan Simatupang.
Emil mengatakan pinjaman ini dilakukan dengan skema fasilitas financing. Dana ini nantinya akan membantu pembayaran PT Timah kepada sejumlah pihak yang menjadi mitra perusahaan. Dengan demikian, arus kas Badan U(BUMN) ini masih bisa tetap positif.
"Fasilitas pinjaman ini membantu melancarkan pembayaran kami. Lalu bantu arus kas kami dan jadi alat kontrol kami," ucap Emil, Rabu (4/9).
Melalui fasilitas pinjaman ini, manajemen PT Timah akan membayar tagihan kepada mitramitranya lewat Bank Mandiri. Dengan demikian, perusahaan akan mengurangi pembayaran terhadap beberapa mitra menggunakan uang tunai.
"Jadi kami mulai mengurangi yang namanya pembayaran tunai," jelasnya.
Dalam kesempatan yang sama,menyatakan dana pinjaman itu bakal mempermudah pihak yang bekerja sama dengan PT Timah dalam mendapatkan percepatan pembayaran dari perusahaan. Namun,sebelum pembayaran dilakukan, PT Timah harus melakukan verifikasi dan akseptasi terhadap tagihan dari sang mitra.
"Kerja sama ini merupakan kelanjutan dari bagaimana mewujudkan sinergi BUMN dan bersama membangun negeri. Ini bisa membantu PT Timah ketika membutuhkan cashflow (arus kas)," ungkap Donsuwan.
Ia menyatakan bahwa sang mitra akan mendapatkan kepastian dari PT Timah dalam melakukan pembayaran dari kerja sama yang dilakukan. Selain itu,...
Page 3
Dana itu akan digunakan PT Timah untuk memperkuat penerimaan pembayaran dan memperkuat likuiditas mitra bisnis PT
Kesepakatan tersebut ditandatangani oleh Direktur Keuangan PT Timah Emil Ermindra, SVP SME Banking Bank Mandiri Choirul Anwar, dan Direktur Retail Banking Bank
andiri Donsuwan Simatupang.
Emil mengatakan pinjaman ini dilakukan dengan skema fasilitas accepted invoice
. Dana ini nantinya akan membantu pembayaran PT Timah kepada sejumlah pihak yang menjadi mitra perusahaan. Dengan demikian, arus kas Badan Usaha Milik Negara (BUMN) ini masih bisa tetap positif.
"Fasilitas pinjaman ini membantu melancar-kan pembayaran kami. Lalu bantu arus kas kami dan jadi alat kontrol kami," ucap Emil,
Melalui fasilitas pinjaman ini, manajemen PT yar tagihan kepada mitra-
mitranya lewat Bank Mandiri. Dengan demikian, perusahaan akan mengurangi pem-bayaran terhadap beberapa mitra meng-
"Jadi kami mulai mengurangi yang namanya pembayaran tunai," jelasnya.
Dalam kesempatan yang sama, Donsuwan menyatakan dana pinjaman itu bakal mem-permudah pihak yang bekerja sama dengan PT Timah dalam mendapatkan percepatan pembayaran dari perusahaan. Namun, sebelum pembayaran dilakukan, PT Timah harus melakukan verifikasi dan akseptasi
an dari sang mitra.
"Kerja sama ini merupakan kelanjutan dari bagaimana mewujudkan sinergi BUMN dan bersama membangun negeri. Ini bisa mem-bantu PT Timah ketika membutuhkan
(arus kas)," ungkap Donsuwan.
Ia menyatakan bahwa sang mitra akan mendapatkan kepastian dari PT Timah dalam melakukan pembayaran dari kerja sama yang
IMA-Daily Update
In addition, Donsuwan said that this loan would facilitate PT Timah to expand and conduct tin exploration.
Furthermore, Donsuwan said that his office would carry out similar loan cooperation with a number of companies goingforward. However, he did not say exactly which company was meant.
For information, Bank Mandiridisbursed loans to Small MediumEnterprise (SME) businesses in the mining and exploration sector amounting to Rp321 billion as of July 2019. That figure is up 11 percent compared with the same period last year. (aud/lav)
Semester II-2019, Adaro Energy (ADRO) focuses on developing
all business lines
IN semester II-2019 PT Adaro Energy Tbk
(ADRO) continued to maximize business expansion. From our coal mining business line, we focus on improving efficiency and optimizing integrated operationalexcellence.
"For example, by increasing efficiency, at the Kestrel mine, we hope to increase production this year by 40% compared to last year," said Adaro Energy's Head of Corporate Communication Febriati Nadira, PT Adaro Energi Tbk, Wednesday (9/4).
In total this year ADRO is aiming for coal production of 56 million tons. As for the power generation business through Adaro Power, said Ira, the company will continue the construction of the 2x100 MW PT Tanjung Power Indonesia (TPI) power plant in Tanjung, South Kalimantan.
In addition, Donsuwan said that this loan would facilitate PT Timah to expand and
Furthermore, Donsuwan said that his office would carry out similar loan cooperation with a number of companies going forward. However, he did not say exactly
For information, Bank Mandiri has disbursed loans to Small Medium
ise (SME) businesses in the mining and exploration sector amounting to Rp321 billion as of July 2019. That figure is up 11 percent compared with the same
Selain itu, Donsuwan menyebut pinjaman ini akan memudahkan PT Timah untuk ekspansi dan melakukan eksplorasi timah.
Selanjutnya, Donsuwan menyebut pihaknya akan melakukan kerja sama pinjaman serupa dengan sejumlah perusahaan ke depannya. Namun, ia tak menyebut pasti perusahaan mana saja yang dimaksud.
Sebagai informasi, Bankmengucurkan kredit untuk bisnis Usaha Kecil Menengah (UKM) atau Enterprise (SME) di sekdan eksplorasi sebesar Rp321 miliar per Juli 2019. Angka itu naik 11 persen dibandingkan dengan periode yang sama tahun lal(aud/lav)
2019, Adaro Energy (ADRO) focuses on developing
all business lines
2019 PT Adaro Energy Tbk
(ADRO) continued to maximize business expansion. From our coal mining business line, we focus on improving efficiency and optimizing integrated operational
"For example, by increasing efficiency, at trel mine, we hope to increase
production this year by 40% compared to last year," said Adaro Energy's Head of Corporate Communication Febriati Nadira, PT Adaro Energi Tbk, Wednesday (9/4).
In total this year ADRO is aiming for coal n tons. As for the
power generation business through Adaro Power, said Ira, the company will continue the construction of the 2x100 MW PT Tanjung Power Indonesia (TPI) power plant in Tanjung, South Kalimantan.
Semester II-2019, Adaro Energy (ADRO) fokus ke
seluruh lini bisnis
PADA semester II-2019 PT Adaro Energy
Tbk (ADRO) terus memaksimalkan ekspansi usaha. Dari lini usaha penambangan batubara Adaro fokus meningkatkan efisiensi dan mengoptimalkan keunggulan operasional yang terintegrasi.
"Misalnya dengan peningkatan efisiensi, di tambang Kestrel, kami berharap dapat meningkatkan produksi tahun ini sebesar 40% dibandingkan tahun lalu," ujar Communication Adaro Energy Febriati Nadira PT Adaro Energi Tbk, Rabu (4/9).
Secara total tahun ini ADRO membidik produksi batubara sebesar 56 juta ton. Sementara untuk bisnis pembangkit listrik melalui Adaro Power, kata Ira, perusahaan melanjutkan konstruksi pembangkit listrik PT Tanjung Power Indonesia (TPI) yang berkapasitas 2x100 MW di Tanjung, Kalimantan Selatan.
Page 4
Selain itu, Donsuwan menyebut pinjaman ini akan memudahkan PT Timah untuk ber-ekspansi dan melakukan eksplorasi timah.
Selanjutnya, Donsuwan menyebut pihaknya akan melakukan kerja sama pinjaman serupa dengan sejumlah perusahaan ke depannya. Namun, ia tak menyebut pasti perusahaan mana saja yang dimaksud.
Sebagai informasi, Bank Mandiri telah mengucurkan kredit untuk bisnis Usaha Kecil Menengah (UKM) atau Small Medium
(SME) di sektor pertambangan sebesar Rp321 miliar per Juli
2019. Angka itu naik 11 persen dibanding-kan dengan periode yang sama tahun lalu.
2019, Adaro Energy (ADRO) fokus kembangkan
seluruh lini bisnis
2019 PT Adaro Energy
Tbk (ADRO) terus memaksimalkan ekspansi usaha. Dari lini usaha penambangan batubara Adaro fokus meningkatkan efisiensi dan mengoptimalkan keunggulan operasional
"Misalnya dengan peningkatan efisiensi, di tambang Kestrel, kami berharap dapat mening-katkan produksi tahun ini sebesar 40% di-bandingkan tahun lalu," ujar Head of Corporate
Adaro Energy Febriati Nadira PT Adaro Energi Tbk, Rabu (4/9).
ra total tahun ini ADRO membidik produksi batubara sebesar 56 juta ton. Semen-tara untuk bisnis pembangkit listrik melalui Adaro Power, kata Ira, perusahaan melanjutkan konstruksi pembangkit listrik PT Tanjung Power Indonesia (TPI) yang berkapasitas
MW di Tanjung, Kalimantan Selatan.
IMA-Daily Update
The construction process has reached the completion stage or 99% by the end of semester I-2019.
"Currently at the commissioning stage. TPI is scheduled to start commercial operations at the end of this year," he added.
Meanwhile, the development of PTBhimasena Power Indonesia's power plant with a capacity of 2x1,000 MW in Batang, Central Java has reached 79% at the end of semester I-2019.
Adaro also develops clean water business through Adaro Water. Now ADRO is increasing partnerships with several parties.
For information, through PT Adaro Tirta Mentaya the company has an Adaro Tirta Mandiri project in Kotawaringin Timur, Central Kalimantan, which is now in completion of construction to exceed 40% by the end of semester 1 2019.
"We schedule to be completed no later than the end of 2019," he added.
Finally, PT Adaro Tirta Mandiri (ATM) collaborates with the Bandung Institute of Technology in developing Smart Water Meters, which are digital water registers.
After the trial in the field, he added that it was planned that ATM would develop the device on a factory scale. Puspitasari, Editor: Herlina Kartika
Philippine Nickel Production 2019 Projected to Grow Moderately
By: Finna U. Ulfah
PHILIPPINE nickel production this year is
predicted to grow only moderately from current yields in an effort to safeguard its mining growth prospects.
The construction process has reached the completion stage or 99% by the end of
"Currently at the commissioning stage. TPI is scheduled to start commercial operations at the end of this year," he added.
eanwhile, the development of PT Bhimasena Power Indonesia's power plant with a capacity of 2x1,000 MW in Batang, Central Java has reached 79% at the end of
Adaro also develops clean water business Water. Now ADRO is
g partnerships with several
For information, through PT Adaro Tirta Mentaya the company has an Adaro Tirta Mandiri project in Kotawaringin Timur, Central Kalimantan, which is now in completion of construction to exceed 40%
"We schedule to be completed no later than
Finally, PT Adaro Tirta Mandiri (ATM) collaborates with the Bandung Institute of Technology in developing Smart Water Meters, which are digital water registers.
After the trial in the field, he added that it was planned that ATM would develop the device on a factory scale. Reporter: Ika
Puspitasari, Editor: Herlina Kartika
Adapun proses pembangunannya sudah mencapai tahap penyelesaian atau 99% per akhir semester I-2019.
"Saat ini berada pada tahap TPI dijadwalkan untuk memulai operasi komersial pada akhir tahun ini," tambahnya.
Sementara itu, perkembangan konstruksi pembangkit listrik PT Bhimasena Power Indonesia yang berkapasitas 2x1.000 MW di Batang, Jawa Tengah sudah mencapai 79% per akhir semester I
Adaro juga mengembangkan bisnis air bersih melalui Adaro Water. Sekarang ADRO sedang meningkatkan kemitraan dengan beberapa pihak.
Sebagai informasi, melalui PT Adaro Tirta Mentaya perusahaanAdaro Tirta Mandiri di Kotawaringin Timur, Kalimantan Tengah yang kini dalam penyelesaian konstruksi melebihi 40% sampai akhir semester 1 2019.
"Kita jadwalkan rampung lambatnya pada akhir 2019," imbuhnya.
Terakhir, PT Adaro Tirbekerjasama dengan Insitut Teknologi Bandung dalam mengembangkan Smart Water Meter yakni alat pencatat air digital.
Setelah Ujicoba di lapangan, ia menambahkan rencananya ATM akan mengembangkan alat ini dengan skala pabrik. Ika Puspitasari, Editor: Herlina Kartika
Philippine Nickel Production 2019 Projected to Grow Moderately
nickel production this year is
predicted to grow only moderately from current yields in an effort to safeguard its
Produksi Nikel Filipina 2019 Diproyeksi Tumbuh Moderat
Oleh : Finna U. Ulfah
PRODUKSI nikel Filipina tahun ini di
prediksi hanya akan tumbuh moderat dari hasil saat ini sebagai upaya untuk menjaga prospek pertumbuhan pertambangannya.
Page 5
Adapun proses pembangunannya sudah mencapai tahap penyelesaian atau 99%
2019.
"Saat ini berada pada tahap commissioning. TPI dijadwalkan untuk memulai operasi komersial pada akhir tahun ini," tambahnya.
Sementara itu, perkembangan konstruksi pembangkit listrik PT Bhimasena Power Indonesia yang berkapasitas 2x1.000 MW
ang, Jawa Tengah sudah mencapai 79% per akhir semester I-2019.
Adaro juga mengembangkan bisnis air bersih melalui Adaro Water. Sekarang ADRO sedang meningkatkan kemitraan dengan beberapa pihak.
Sebagai informasi, melalui PT Adaro Tirta Mentaya perusahaan memiliki proyek Adaro Tirta Mandiri di Kotawaringin Timur, Kalimantan Tengah yang kini dalam penyelesaian konstruksi melebihi 40% sampai akhir semester 1 2019.
"Kita jadwalkan rampung selambat-lambatnya pada akhir 2019," imbuhnya.
Terakhir, PT Adaro Tirta Mandiri (ATM) bekerjasama dengan Insitut Teknologi Bandung dalam mengembangkan Smart Water Meter yakni alat pencatat air digital.
Setelah Ujicoba di lapangan, ia menambah-kan rencananya ATM akan mengembang-kan alat ini dengan skala pabrik. Reporter:
Puspitasari, Editor: Herlina Kartika
Produksi Nikel Filipina 2019 Diproyeksi Tumbuh Moderat
Finna U. Ulfah
Filipina tahun ini di-
prediksi hanya akan tumbuh moderat dari hasil saat ini sebagai upaya untuk menjaga prospek pertumbuhan pertambangannya.
IMA-Daily Update
Quoting Fitch Solutions researchpublication, nickel production growth
tends to be moderate this year to maintain the balance of mining in the medium term
in the midst of strict environmental
regulations and policy uncertainty by the
Philippine government that will dama
the investment climate.
"However, the decision of the Indonesian government to advance the ban on nickel
ore exports two years earlier than planned will actually pose an upside risk from the
efforts of Filipino miners to estimate nickel
production that is not good," wrote Fitch
Solutions as quoted from his research
publication, Wednesday (4/9/2019).
Indonesia's decision is predicted to make the global market experience a nickel
deficit of up to 100,000 tons by 2020, and the supply gap is considered to be
no one.
China, the world's largest consumer of nickel ore, imported around 26 million
tons of nickel ore in the first seven months
of this year, consisting of 14.3 million tons
from the Philippines, around 10.8 million
from Indonesia, and around 709,000 tons from New Caledonia.
Fitch Solutions assesses a nickel smelting plant in China, which currently imports
most of its ore from Indonesia, will likely
look to the Philippines as an alternative
source of supply.
"This is due to the proximity and tsubstantial nickel mining capacity," said
Fitch Solutions.
On the other hand, the price of nickel on the LME exchange at the close of trading on
Tuesday (09/09/2019), at the level of US$ 17,985 per ton, completed its strong rally
for 6 consecutive trades with a weakening
of 0.42%.
Solutions research publication, nickel production growth
tends to be moderate this year to maintain the balance of mining in the medium term
in the midst of strict environmental
regulations and policy uncertainty by the
Philippine government that will damage
"However, the decision of the Indonesian government to advance the ban on nickel
ore exports two years earlier than planned will actually pose an upside risk from the
efforts of Filipino miners to estimate nickel
is not good," wrote Fitch
Solutions as quoted from his research
publication, Wednesday (4/9/2019).
Indonesia's decision is predicted to make the global market experience a nickel
deficit of up to 100,000 tons by 2020, and the supply gap is considered to be filled by
China, the world's largest consumer of nickel ore, imported around 26 million
tons of nickel ore in the first seven months
of this year, consisting of 14.3 million tons
from the Philippines, around 10.8 million
709,000 tons
Fitch Solutions assesses a nickel smelting plant in China, which currently imports
most of its ore from Indonesia, will likely
look to the Philippines as an alternative
"This is due to the proximity and the substantial nickel mining capacity," said
On the other hand, the price of nickel on the LME exchange at the close of trading on
Tuesday (09/09/2019), at the level of US$ 17,985 per ton, completed its strong rally
s with a weakening
Mengutip publikasi riset Fitch Solutions, pertumbuhan produksi nikel yang
cenderung moderat tahun ini untuk menjaga keseimbangan pertambangan dalam
jangka menengah di tengah peraturan
lingkungan yang ketak dan ketidakpastian
kebijakan oleh pemerintah Filipina yang
akan merusak iklim investasi.
“Namun, keputusan pemerintah Indonesia untuk memajukan larangan ekspor bijih
nikel dua tahun lebih awal dari rencana justru akan menimbulkan risiko terbalik
dari upaya penambang Filipina
perkiraan produksi nikel yang kurang
baik,” tulis Fitch Solutions seperti dikutip
dari publikasi risetnya, Rabu (4/9/2019).
Keputusan Indonesia tersebut diprediksi akan membuat pasar global mengalami
defisit nikel hingga 100.000 ton pada 2020, dan kesenjangan pasokan tersebut dinilai
tidak akan diisi siapapun.
China sebagai konsumen bijih nikel terbesar di dunia, mengimpor sekitar 26 juta
ton bijih nikel dalam tujuh bulan pertama
tahun ini, yang terdiri atas 14,3 juta ton
dari Filipina, sekitar 10
Indonesia, dan sekitar 709.000 ton dari Kaledonia Baru.
Fitch Solutions menilai pabrik peleburan nikel di China, yang saat ini mengimpor
sebagian besar bijihnya dari Indonesia,
kemungkinan akan melihat ke Filipina
sebagai sumber pasokan alter
“Hal tersebut karena kedekatannya dan kapasitas penambangan nikel yang sub
stansial,” papar Fitch Solutions.
Di sisi lain, harga nikel di bursa LME pada penutupan perdagangan Selasa (3/9/
2019), berada di level US$17.985 per ton menyelesaikan reli kuatnya selama 6 per
dagangan berturut-turut dengan melemah
0,42%.
Page 6
Mengutip publikasi riset Fitch Solutions, pertumbuhan produksi nikel yang
cenderung moderat tahun ini untuk men-jaga keseimbangan pertambangan dalam
jangka menengah di tengah peraturan
lingkungan yang ketak dan ketidakpastian
ebijakan oleh pemerintah Filipina yang
akan merusak iklim investasi.
“Namun, keputusan pemerintah Indonesia untuk memajukan larangan ekspor bijih
nikel dua tahun lebih awal dari rencana justru akan menimbulkan risiko terbalik
dari upaya penambang Filipina terhadap
perkiraan produksi nikel yang kurang
baik,” tulis Fitch Solutions seperti dikutip
dari publikasi risetnya, Rabu (4/9/2019).
Keputusan Indonesia tersebut diprediksi akan membuat pasar global mengalami
defisit nikel hingga 100.000 ton pada 2020, kesenjangan pasokan tersebut dinilai
tidak akan diisi siapapun.
China sebagai konsumen bijih nikel ter-besar di dunia, mengimpor sekitar 26 juta
ton bijih nikel dalam tujuh bulan pertama
tahun ini, yang terdiri atas 14,3 juta ton
dari Filipina, sekitar 10,8 juta dari
Indonesia, dan sekitar 709.000 ton dari
Fitch Solutions menilai pabrik peleburan nikel di China, yang saat ini mengimpor
sebagian besar bijihnya dari Indonesia,
kemungkinan akan melihat ke Filipina
sebagai sumber pasokan alternatif.
“Hal tersebut karena kedekatannya dan kapasitas penambangan nikel yang sub-
stansial,” papar Fitch Solutions.
Di sisi lain, harga nikel di bursa LME pada penutupan perdagangan Selasa (3/9/
2019), berada di level US$17.985 per ton uatnya selama 6 per-
turut dengan melemah
IMA-Daily Update
However, on Wednesday trading (4/9/
2019) up to 19.17 West Indonesia Time,
the nickel price on the LME exchange managed to turn up 0.24% to US$ 17,935
per ton driven by a weakening US
The weakening of the greenback makes
metals used as materials for making
electric car batteries become cheaper for
investors with other currencies.
Meanwhile, the US dollar index which
measures the strength of the greenback in
the face of a basket of major currencies
moved down 0.39% to 98.613.
Chitra Dinisari
Build rare earth metal pfactory, Timah (TINS) prepared
fund of Rp 200 billion
PT TIMAH Tbk (TINS) will soon build a
rare earth metal mineral processing factory in the Bangka Belitung Islands.
PT Timah Tbk (TINS) Corporate Secretary Abdullah Umar said that the construction of the plant will begin in the third quarter of 2019.
The processing facility will separate the rare earth metals and the uranium or thorium radioactive elements frommonasite minerals which are byin tin ore mining. The result is a rmetal compound in the form of a carbonate compound.
To build this facility to completion, TINS, a member of the Kompas100 index, has prepared a budget of Rp 100 billion to Rp 200 billion. The funds came from the issuance of bonds and sukuk that wby TINS recently.
However, on Wednesday trading (4/9/
2019) up to 19.17 West Indonesia Time,
the nickel price on the LME exchange managed to turn up 0.24% to US$ 17,935
per ton driven by a weakening US dollar.
The weakening of the greenback makes
metals used as materials for making
electric car batteries become cheaper for
investors with other currencies.
Meanwhile, the US dollar index which
measures the strength of the greenback in
the face of a basket of major currencies
moved down 0.39% to 98.613. Editor: Mia
Namun, pada perdagangan Rabu (4/9/2019) hingga pukul 19.17 WIB, harga nikel di bursa LME berhasil berbalik menguat 0,24% menjadi US$17.935 per ton didorong oleh melemahnya dolar AS.
Pelemahan greenback tersebut membuat logam yang digunakan sebagai bahan pembuat baterai mobil listrik menjadi lebih murah bagi investor dengan mata uang lain.
Adapun, indeks dolar AS yang mengukur kekuatan greenback di hadapan sekeranjang mata uang mayor bergerak melemah 0,39% menjadi 98,613. Mia Chitra Dinisari
Build rare earth metal processing factory, Timah (TINS) prepared
fund of Rp 200 billion
Tbk (TINS) will soon build a
rare earth metal mineral processing factory in the Bangka Belitung Islands.
PT Timah Tbk (TINS) Corporate Secretary construction
of the plant will begin in the third quarter
The processing facility will separate the rare earth metals and the uranium or thorium radioactive elements from monasite minerals which are by-products in tin ore mining. The result is a rare earth metal compound in the form of a carbonate
To build this facility to completion, TINS, a member of the Kompas100 index, has prepared a budget of Rp 100 billion to Rp 200 billion. The funds came from the issuance of bonds and sukuk that was held
Bangun pabrik pengolahan logam tanah jarang, Timah (TINS) siapkan dana Rp 200 miliar
PT TIMAH Tbk (TINS
pabrik pengolahan mineral logam tanah jarang atau rare earth Belitung.
Sekretaris Perusahaan PT Timah Tbk (TINS) Abdullah Umar mengatakan, pembangunan pabrik ini akan dimulai pada kuartal III
Fasilitas pengolahan tersebut akan memisahkan logam tanah jarang dan unsur radioaktif uranium atau thorium dari mineral monasit yang merupakan produk ikutan dalam penambangan bijih timah. Hasilnya adalah senyawa logam tanah jarang berbentuk senyawa karbonat.
Untuk membangun fasilitas ini hinTINS, anggota indeks menyiapkan anggaran Rp 100 miliarmiliar. Dana tersebut berasal dari penerbitan obligasi dan sukuk yang dilaksanakan TINS belum lama ini.
Page 7
Namun, pada perdagangan Rabu (4/9/ 2019) hingga pukul 19.17 WIB, harga nikel
bursa LME berhasil berbalik menguat 0,24% menjadi US$17.935 per ton di dorong oleh melemahnya dolar AS.
Pelemahan greenback tersebut membuat logam yang digunakan sebagai bahan pembuat baterai mobil listrik menjadi lebih murah bagi investor dengan mata
Adapun, indeks dolar AS yang mengukur kekuatan greenback di hadapan seke-ranjang mata uang mayor bergerak melemah 0,39% menjadi 98,613. Editor :
Bangun pabrik pengolahan logam tanah jarang, Timah (TINS) siapkan dana Rp 200 miliar
TINS) segera membangun
pabrik pengolahan mineral logam tanah di Kepulauan Bangka
Sekretaris Perusahaan PT Timah Tbk (TINS) Abdullah Umar mengatakan, pembangunan pabrik ini akan dimulai pada kuartal III-2019.
Fasilitas pengolahan tersebut akan me-misahkan logam tanah jarang dan unsur radioaktif uranium atau thorium dari mineral monasit yang merupakan produk ikutan dalam penambangan bijih timah. Hasilnya adalah senyawa logam tanah jarang berbentuk senyawa karbonat.
Untuk membangun fasilitas ini hingga selesai, TINS, anggota indeks Kompas100 ini, menyiapkan anggaran Rp 100 miliar-Rp 200 miliar. Dana tersebut berasal dari penerbitan obligasi dan sukuk yang dilaksanakan TINS
IMA-Daily Update
On Friday (16/8), the company issued
bonds worth Rp 1.19 trillion, consisting of
Rp 880 billion in bonds and Rp 313 billion
in sukuk.
Abdullah said, the construction of this rare
earth metal oxidation facility would take
one year. "After the facilities are fini
production will begin. However, at present,
rare earth metals have begun to be mined,"
he said at Plaza Mandiri, Jakarta,
Wednesday (4/9).
Therefore, TINS Finance Director Emil
Emirda said that the results of rare earth
mining could not contribute t
revenue in 2019.
Based on Kontan.co.id's notes, TINS
Business Development Director Trenggono
Sutioso said that the feasibility study on
rare earth metals has been completed. A
cooperation agreement with the Center for
Nuclear Material Technology
management of uranium or thorium
byproducts has also been signed.
For information, rare earth metal which is
a by-product of tin processing is still
untapped. However, certain variants of
these mineral commodities are included in
the category of radioactive materials
whose management and regulation is
under the National Nuclear Energy Agency
(BATAN).
Rare earth has become an important
commodity because it can be a raw
material for a number of strategic
industries, such as military equipment and
advanced electronic products. Rare earth is
also one of the issues in the trade war
between China and the United States (US).
Reporter: Nur Qolbi, Editor: Herlina Kartika
iday (16/8), the company issued
bonds worth Rp 1.19 trillion, consisting of
Rp 880 billion in bonds and Rp 313 billion
Abdullah said, the construction of this rare
earth metal oxidation facility would take
one year. "After the facilities are finished
production will begin. However, at present,
rare earth metals have begun to be mined,"
he said at Plaza Mandiri, Jakarta,
Finance Director Emil
Emirda said that the results of rare earth
mining could not contribute to TINS
Based on Kontan.co.id's notes, TINS
Business Development Director Trenggono
Sutioso said that the feasibility study on
rare earth metals has been completed. A
cooperation agreement with the Center for
Nuclear Material Technology for the
management of uranium or thorium
byproducts has also been signed.
For information, rare earth metal which is
product of tin processing is still
untapped. However, certain variants of
these mineral commodities are included in
dioactive materials
whose management and regulation is
under the National Nuclear Energy Agency
Rare earth has become an important
commodity because it can be a raw
material for a number of strategic
industries, such as military equipment and
nced electronic products. Rare earth is
also one of the issues in the trade war
between China and the United States (US).
Reporter: Nur Qolbi, Editor: Herlina Kartika
Pada Jumat (16/8), perusahaan ini mener
bitkan surat utang senilai Rp 1,19 triliun
yang terdiri dari obligasi Rp 880 miliar dan sukuk Rp 313 miliar.
Abdullah mengatakan,
fasilitas oksidasi logam tanah jarang ini
akan memakan waktu satu tahun. "Setelah fasilitasnya selesai akan dimulai produksi
nya. Akan tetapi, saat ini, logam tan
jarangnya sudah mulai ditambang," kata
dia di Plaza Mandiri, Jakarta, Rabu (4/9).
Oleh karena itu, Direktur Keuangan TINS Emil Emirda mengatakan, hasil dari
penambangan logam tanah jarang ini
belum bisa berkontribusii ke pendapatan
TINS tahun 2019.
Berdasarkan catatan Kontan.co.id, Direktur Pengembangan Usaha TINS Trenggono
Sutioso mengatakan, kajian kelayakan atas
logam tanah jarang ini telah selesai di
laksanakan. Perjanjian kerjasama dengan Pusat Teknologi Bahan Galian Nuklir untuk
pengelolaan produk samping uranium atau
thorium juga sudah ditandatangani.
Sebagai informasi, logam tanah jarang yang merupakan produk
pengolahan timah ini masih
termanfaatkan. Namun, varian tertentu
dari komoditas mineral ini dimasukkan
dalam kategori bahan radio aktif yang
pengelolaan dan regulasinya berada di bawah Badan Tenaga Nuklir Nasional
(BATAN).
Rare earth memang menjadi komoditas
penting karena bisa menjadi bahan baku untuk sejumlah industri strategis, seperti
peralatan militer dan juga pro
elektronika tingkat lanjut. Rare earth juga
jadi salah satu isu dalam perang dagang
antara China dan Amerika Serikat (AS).
Reporter: Nur Qolbi, Editor: Herlina Kartika
Page 8
Pada Jumat (16/8), perusahaan ini mener-
bitkan surat utang senilai Rp 1,19 triliun
erdiri dari obligasi Rp 880 miliar dan
Abdullah mengatakan, pembangunan
fasilitas oksidasi logam tanah jarang ini
akan memakan waktu satu tahun. "Setelah fasilitasnya selesai akan dimulai produksi-
nya. Akan tetapi, saat ini, logam tanah
jarangnya sudah mulai ditambang," kata
dia di Plaza Mandiri, Jakarta, Rabu (4/9).
Oleh karena itu, Direktur Keuangan TINS Emil Emirda mengatakan, hasil dari
penambangan logam tanah jarang ini
belum bisa berkontribusii ke pendapatan
rdasarkan catatan Kontan.co.id, Direktur Pengembangan Usaha TINS Trenggono
Sutioso mengatakan, kajian kelayakan atas
logam tanah jarang ini telah selesai di-
laksanakan. Perjanjian kerjasama dengan Pusat Teknologi Bahan Galian Nuklir untuk
k samping uranium atau
thorium juga sudah ditandatangani.
Sebagai informasi, logam tanah jarang yang merupakan produk sampingan dari
pengolahan timah ini masih belum
termanfaatkan. Namun, varian tertentu
dari komoditas mineral ini dimasukkan
i bahan radio aktif yang
pengelolaan dan regulasinya berada di bawah Badan Tenaga Nuklir Nasional
Rare earth memang menjadi komoditas
penting karena bisa menjadi bahan baku untuk sejumlah industri strategis, seperti
peralatan militer dan juga produk
elektronika tingkat lanjut. Rare earth juga
jadi salah satu isu dalam perang dagang
antara China dan Amerika Serikat (AS).
Reporter: Nur Qolbi, Editor: Herlina Kartika
IMA-Daily Update
The Contents of Permen Nickel Export Ban Acceleration
Author: Egenius Soda
THE GOVERNMENT has annulled the
policy of relaxation of nickel ore exports from previously until 31 December 2021 to only until 31 December 2019. Theacceleration of the export ban was set forth in ESDM Ministerial Regulation (Permen) No. 11 of 2019. This regulation is the second amendment to Minister of ERegulation No. 25 of 2018 concerning Mineral and Coal Mining.
There are two revised articles, article 46 and article 62A. Article 46 of Permen 25 2018 regulates provisions on the sale of nickel ore and bauxite abroad. Then amended in Permen 11 of 2019 by removing the export provisions for nickel ore.
This article only regulates bauxite exports which have been leached with Al2O3 levels> 42% (more than or equal to fortytwo percent) in a certain amount by using Tariff Post/Harmonized System (HS). The export of bauxite ore is valid for the longest until January 11, 2022.
Changes are made by adding between article 62 and 63 with article 62A. Article 62A contains provisions regarding the export of nickel ore content below 1.7%. First, export recommendations given to Production Operation IUP holders before this new regulation was issued remained in effect until 31 December 2019. Secondly, export recommendations given after the revision of this regulation were only given until 31 December 2019.
The regulation was signed by ESDM Minister Ignasius Jonan on August 28,
2019 and enacted on August 30, 2019.
Permen on Acceleration
Author: Egenius Soda
has annulled the
policy of relaxation of nickel ore exports from previously until 31 December 2021 to only until 31 December 2019. The acceleration of the export ban was set forth
Ministerial Regulation (Permen) No. 11 of 2019. This regulation is the second amendment to Minister of ESDM Regulation No. 25 of 2018 concerning
There are two revised articles, article 46 and article 62A. Article 46 of Permen 25 of 2018 regulates provisions on the sale of nickel ore and bauxite abroad. Then amended in Permen 11 of 2019 by removing the export provisions for nickel
This article only regulates bauxite exports which have been leached with Al2O3
than or equal to forty-ain amount by using
Harmonized System (HS). The export of bauxite ore is valid for the
Changes are made by adding between article 62 and 63 with article 62A. Article
2A contains provisions regarding the export of nickel ore content below 1.7%. First, export recommendations given to Production Operation IUP holders before this new regulation was issued remained in effect until 31 December 2019. Secondly,
dations given after the revision of this regulation were only given
The regulation was signed by ESDM Minister Ignasius Jonan on August 28,
2019 and enacted on August 30, 2019.♦
Ini Isi Permen Percepatan Larangan Ekspor Nikel
Penulis : Egenius Soda
PEMERINTAH telah menganulir kebijakan
relaksasi ekspor bijih nikel dari sebelumnya sampai 31 Desember 2021 menjadi hanya sampai 31 Desember 2019. Percepatan peberlakukan larangan ekspor tersebut dituangkan dalam Peraturan MenteriESDM No. 11 tahun 2019. kan perubahan kedua atas Permen ESDM No.25 tahun 2018 Tentang Pengusahaan Pertambangan Mineral dan Batubara.
Ada dua pasal yang direvisi yakni pasal 46 dan pasal 62A. Pada pasal 46 di Permen 25 tahun 2018 mengatur ketentuan tentang penjualan bijih nikel dan bauksit ke luar negeri. Kemudian diubah dalam Permen 11 tahun 2019 dengan menghilangkan ketentuan ekspor bijih nikel.
Pasal ini hanya mengatur tentang ekspor bauksit yang telah dilakukan pencucian dengkadar Al2O3 > 42% (lebih dari atau sama dengan empat puluh dua persen) dalam jumlah tertentu dengan menggunakan Pos Tarif/HS (Harmonized System). Untuk ekspor bijih bauksit berlaku paling lama sampai dengan tanggal 11 Januari 2022.
Perubahan dilakukan ddiantara pasal 62 dan pasal 6362A. Pasal 62A memuat ketentuan tentang ekspor bijih nikel kadar dibawah 1,7%.Pertama, rekomendasi ekspor yang diberikan kepada pemegang IUP Operasi Produksi sebelum regulasi baru ini diterbitberlaku sampai 31 Desember 2019. Kedua, rekomendasi ekspor yang diberikan setelah revisi permen ini diberikan hanya sampai 31 Desember 2019.
Beleid ini ditandatangani Menteri ESDM Ignasius Jonan pada 28 Agustus 2019 dan
diundangkan tanggal 30 Agustus 2019.
Page 9
Ini Isi Permen Percepatan Larangan Ekspor Nikel
: Egenius Soda
telah menganulir kebijakan
relaksasi ekspor bijih nikel dari sebelumnya sampai 31 Desember 2021 menjadi hanya sampai 31 Desember 2019. Percepatan pem-berlakukan larangan ekspor tersebut di-tuangkan dalam Peraturan Menteri (Permen) ESDM No. 11 tahun 2019. Beleid ini merupa-kan perubahan kedua atas Permen ESDM No.25 tahun 2018 Tentang Pengusahaan Pertambangan Mineral dan Batubara.
Ada dua pasal yang direvisi yakni pasal 46 dan pasal 62A. Pada pasal 46 di Permen 25
mengatur ketentuan tentang penjualan bijih nikel dan bauksit ke luar negeri. Kemudian diubah dalam Permen 11 tahun 2019 dengan menghilangkan keten-
Pasal ini hanya mengatur tentang ekspor bauksit yang telah dilakukan pencucian dengan kadar Al2O3 > 42% (lebih dari atau sama dengan empat puluh dua persen) dalam jumlah tertentu dengan menggunakan Pos Tarif/HS (Harmonized System). Untuk ekspor bijih bauksit berlaku paling lama sampai dengan
Perubahan dilakukan dengan penambahan diantara pasal 62 dan pasal 63 dengan pasal 62A. Pasal 62A memuat ketentuan tentang ekspor bijih nikel kadar dibawah 1,7%. Pertama, rekomendasi ekspor yang diberikan kepada pemegang IUP Operasi Produksi sebelum regulasi baru ini diterbitkan tetap berlaku sampai 31 Desember 2019. Kedua, rekomendasi ekspor yang diberikan setelah revisi permen ini diberikan hanya sampai 31
ini ditandatangani Menteri ESDM Ignasius Jonan pada 28 Agustus 2019 dan
diundangkan tanggal 30 Agustus 2019.♦
IMA-Daily Update
Coal Prices Rise 3% More!Tirta Widi Gilang Citradi, CNBC Indonesia
COAL prices rose sharply in yesterday's
trade. The still high demand makes this
commodity prices soar.
Yesterday, the price of coal on the ICE
Newcastle exchange jumped 3.19%
compared to the position of the close of
trading the previous day. But compared to the position of the beginning of the year,
coal prices still plummeted 33%.
It cannot be denied since the beginning of
the year a lot of sentiment has weighed on coal prices. One of the main factors is the
limitation of China's coal imports. This
year, China targets coal imports to be the
same as in 2018, no increase.
Restrictions on imports in the Bamboo Curtain country are not without reason.
The Chinese government is trying to boost
the domestic coal industry and focus on a
more environmentally friendly en
policy.
India and Southeast Asia Supporting
Coal Needs
From the blue continent, coal imports have also declined in recent years. Germany as
one of the coal importers has reviewed the
energy mix. For electricity, the proportion
of hard coal and lignite usage in Germany
has dropped significantly by 16% and 1% respectively in 2017.
However, demand will still come from Asia.
India, a country with a population of more
than 1.3 billion, needs a lot of coal for electricity generation.
Coal Prices Rise 3% More! Tirta Widi Gilang Citradi, CNBC Indonesia
prices rose sharply in yesterday's
trade. The still high demand makes this
Yesterday, the price of coal on the ICE
Newcastle exchange jumped 3.19%
compared to the position of the close of
trading the previous day. But compared to e position of the beginning of the year,
coal prices still plummeted 33%.
It cannot be denied since the beginning of
the year a lot of sentiment has weighed on coal prices. One of the main factors is the
limitation of China's coal imports. This
targets coal imports to be the
Restrictions on imports in the Bamboo Curtain country are not without reason.
The Chinese government is trying to boost
the domestic coal industry and focus on a
more environmentally friendly energy
India and Southeast Asia Supporting
From the blue continent, coal imports have also declined in recent years. Germany as
one of the coal importers has reviewed the
energy mix. For electricity, the proportion
usage in Germany
has dropped significantly by 16% and 1%
However, demand will still come from Asia.
India, a country with a population of more
than 1.3 billion, needs a lot of coal for
Harga Batubara Melesat Lebih!
Tirta Widi Gilang Citradi, CNBC Indonesia
HARGA batubara naik tajam pada perdagang
an kemarin. Permintaan yang masih tinggi
membuat harga komoditas ini melambung.
Kemarin, harga batubara di bursa ICE
Newcastle melonjak 3,19% dibandingkan posisi penutupan perdagangan hari sebelum
nya. Namun dibandingkan dari posisi awal
tahun, harga batubara masih anjlok 33%.
Tak dapat dipungkiri sejak awal tahun
banyak sekali sentimen yang membebani
harga batubara. Salah satu faktor utama adalah pembatasan impor
Tahun ini, China menargetkan impor batu
bara di angka yang sama dengan tahun 2018,
tidak ada kenaikan.
Pembatasan impor di Negeri Tirai Bambu
bukan tanpa alasan. Pemerintah China berusaha untuk mendongkrak industri batubara
dalam negeri serta fokus pada kebijakan
energi yang lebih ramah lingkungan.
India dan Asia Tenggara Penopang
Kebutuhan Batubara
Dari benua biru, impor batubara juga mengalami penurunan beberapa tahun
terakhir. Jerman sebagai salah satu importir
batubara sudah meninjau
energi. Untuk urusan listrik, proporsi peng
gunaan hard coal dan lignite
turun signifikan masingpada 2017.
Namun, permintaan masih akan datang dari
Asia. India, negara dengan populasi lebih dari
1,3 milyar, ini membutuhkan banyak batu
bara untuk pembangkit listrik.
Page 10
Harga Batubara Melesat 3% Lebih!
Tirta Widi Gilang Citradi, CNBC Indonesia
batubara naik tajam pada perdagang-
Permintaan yang masih tinggi
membuat harga komoditas ini melambung.
Kemarin, harga batubara di bursa ICE
Newcastle melonjak 3,19% dibandingkan penutupan perdagangan hari sebelum-
nya. Namun dibandingkan dari posisi awal
tahun, harga batubara masih anjlok 33%.
Tak dapat dipungkiri sejak awal tahun
ekali sentimen yang membebani
harga batubara. Salah satu faktor utama san impor batubara China.
ini, China menargetkan impor batu-
bara di angka yang sama dengan tahun 2018,
Pembatasan impor di Negeri Tirai Bambu
bukan tanpa alasan. Pemerintah China ber-usaha untuk mendongkrak industri batubara
rta fokus pada kebijakan
energi yang lebih ramah lingkungan.
India dan Asia Tenggara Penopang
Dari benua biru, impor batubara juga mengalami penurunan beberapa tahun
terakhir. Jerman sebagai salah satu importir
batubara sudah meninjau ulang bauran
energi. Untuk urusan listrik, proporsi peng-
lignite di Jerman sudah
turun signifikan masing-masing 16% dan 1%
Namun, permintaan masih akan datang dari
Asia. India, negara dengan populasi lebih dari
ini membutuhkan banyak batu-
bara untuk pembangkit listrik.
IMA-Daily Update
Reporting from Refinitiv, India's coal production in 2018 is at 50 million tons
below the target. But it still grew by 9.8% yoy for the April-November 2018 period.
So coal production capacity and
consumption in India will be a reference
for demand.
In addition to India, the Southeast Asian market is also predicted to become the axis
of demand for coal. Indonesia as a global
player has also implemented a Domestic Market Obligation (DMO) which requir
25% of total output to be absorbed
domestically.
In the future, coal demand is still likely to increase in India and Southeast Asia. One
support is the electric car industry that is
being developed. Of course this will
increase electricity demand in theSoutheast Asian region, especially
Indonesia.
So far, coal is still the prima donna because it is cheap and generates a lot of energy for
electricity generation. Also reported by the
Ministry of Energy and Mineral Resources
(ESDM) data, Indonesia's coal r
still be sufficient for the next 36 years.
CNBC INDONESIA RESEARCH TEAM (taa/taa)
The World Threatened Recession, Gold Prices Even
More Sexy
FEARS of a global recession are
widespread. Turkey has fallen intorecession because its economy fell two consecutive quarters. Argentina has also experienced an economic crisis.
Reporting from Refinitiv, India's coal production in 2018 is at 50 million tons
below the target. But it still grew by 9.8% November 2018 period.
So coal production capacity and
consumption in India will be a reference
In addition to India, the Southeast Asian market is also predicted to become the axis
of demand for coal. Indonesia as a global
player has also implemented a Domestic Market Obligation (DMO) which requires
25% of total output to be absorbed
In the future, coal demand is still likely to increase in India and Southeast Asia. One
support is the electric car industry that is
being developed. Of course this will
increase electricity demand in the Southeast Asian region, especially
So far, coal is still the prima donna because it is cheap and generates a lot of energy for
electricity generation. Also reported by the
Ministry of Energy and Mineral Resources
(ESDM) data, Indonesia's coal reserves can
still be sufficient for the next 36 years.
CNBC INDONESIA RESEARCH TEAM (taa/taa)
Dilansir dari Refinitiv, produksi batubara India pada 2018 berada di 50 juta ton di bawah target. Namun masih tumbuh sebesar 9,8% yoy untuk periode AprilNovember 2018. Sehingga kapasitasproduksi dan konsumsi batubara di India akan menjadi acuan permintaan.
Selain India, pasar Asia Tenggara juga diprediksi akan menjadi poros permintaan terhadap batu bara. Indonesia sebagai pemain global juga sudah menerapkan adanya Domestic Market Obligation
yang mengharuskan 25% dari total output diserap di dalam negeri.
Ke depan kebutuhan batubara masihmungkin meningkat di kawasan India dan Asia Tenggara. Salah satu penunjang adalah industri mobil listrik yang tengah dikebangkan. Tentunya hal ini akan meningkatkan kebutuhan listrik di kawasan Asia Tenggara terutama Indonesia.
Sejauh ini batubara memang masih menjadi primadona karena harganya yang murah dan menghasilkan energi yang besar untuk pembangkit listrik. Selain itu dilansir dari data Kementerian Energi dan Sumber Daya Mineral (ESDM), cadangan batubaraIndonesia masih dapat mencukupi untuk 36 tahun ke depan. TIM RISET CNBC INDONESIA
(taa/taa)
The World Threatened Recession, Gold Prices Even
of a global recession are
widespread. Turkey has fallen into recession because its economy fell two consecutive quarters. Argentina has also experienced an economic crisis.
Dunia Terancam Resesi, Harga Emas Malah Makin Seksi
KEKHAWATIRAN resesi global meluas.
Turki sudah jatuh ke dalam resesi
perekonomiannya turun dua kuartal ber
turut-turut. Argentina juga telah meng
alami krisis ekonomi.
Page 11
Dilansir dari Refinitiv, produksi batubara pada 2018 berada di 50 juta ton di
bawah target. Namun masih tumbuh sebesar 9,8% yoy untuk periode April-
2018. Sehingga kapasitas produksi dan konsumsi batubara di India akan menjadi acuan permintaan.
Selain India, pasar Asia Tenggara juga diprediksi akan menjadi poros permintaan terhadap batu bara. Indonesia sebagai pemain global juga sudah menerapkan
Domestic Market Obligation (DMO) yang mengharuskan 25% dari total output diserap di dalam negeri.
Ke depan kebutuhan batubara masih mungkin meningkat di kawasan India dan Asia Tenggara. Salah satu penunjang adalah industri mobil listrik yang tengah dikem-bangkan. Tentunya hal ini akan meningkat-kan kebutuhan listrik di kawasan Asia Tenggara terutama Indonesia.
Sejauh ini batubara memang masih menjadi primadona karena harganya yang murah dan menghasilkan energi yang besar untuk pembangkit listrik. Selain itu dilansir dari data Kementerian Energi dan Sumber Daya Mineral (ESDM), cadangan batubara
pat mencukupi untuk 36 TIM RISET CNBC INDONESIA
Dunia Terancam Resesi, Harga Emas Malah Makin Seksi
resesi global meluas.
rki sudah jatuh ke dalam resesi lantaran
perekonomiannya turun dua kuartal ber-
turut. Argentina juga telah meng-
IMA-Daily Update
Investors are also concerned that they tend to do risk aversion. The Fear & Greed Index, as of 22.13 West Indonesia Time yesterday, was perched at level 30. This shows investors are in a position of fear. Not surprisingly, market participants invaded safe haven. One of them is gold.
Yesterday, the price of the December 2019 delivery contract on the Commodity Exchange reached US$ 1,556.20 per ounce troi. This is the highest price of gold since at least 2014 ago. During this year, the price of gold rose 18.57%.
The gold price of Logam Mulia, a subsidiary of PT Aneka Tambang Tbk (Antam), also reached an all-time record high. Yesterday, the selling price of Antam's gold rose to Rp775,000 per gram.
Turkey and Argentina are both not yet seen to emerge from the economic crisis in the near future. The financial crisis that struck Argentina also made hisment postpone debt payments of US$ 100 billion. Now Standard & Poor's (S&P) has put the debt in the category of potential defaults.
Recession began to peek at the US. This can be seen from the Uncle Sam'smanufacturing index data released by the Institute for Supply Management (ISM). The manufacturing index was at 49.1 last August. This position is lower than analyst consensus of 51.2. In addition, levels below 50 indicate contraction.
With the current global conditions, Garuda Futures Director Ibrahim sees the price of gold has the opportunity to penetrate US$ 1,600 per ounce troi.
A trade war between the US and China that has not yet finished adds to the charm of the yellow. "Therefore, market players are currently busy entering safe haven assets such as gold," he said yesterday.
Investors are also concerned that they tend to do risk aversion. The Fear & Greed
as of 22.13 West Indonesia Time yesterday, was perched at level 30. This shows investors are in a position of fear. Not surprisingly, market participants invaded safe haven. One of them is gold.
Yesterday, the price of the December 2019 n the Commodity
Exchange reached US$ 1,556.20 per ounce troi. This is the highest price of gold since at least 2014 ago. During this year, the
The gold price of Logam Mulia, a subsidiary of PT Aneka Tambang Tbk (Antam), also
time record high. Yesterday, the selling price of Antam's gold rose to
Turkey and Argentina are both not yet seen to emerge from the economic crisis in the near future. The financial crisis that struck Argentina also made his govern-ment postpone debt payments of US$ 100 billion. Now Standard & Poor's (S&P) has put the debt in the category of potential
Recession began to peek at the US. This can be seen from the Uncle Sam's manufacturing index data released by the
stitute for Supply Management (ISM). The manufacturing index was at 49.1 last August. This position is lower than analyst consensus of 51.2. In addition, levels below
With the current global conditions, Garuda him sees the price of
gold has the opportunity to penetrate US$
A trade war between the US and China that has not yet finished adds to the charm of the yellow. "Therefore, market players are currently busy entering safe haven assets uch as gold," he said yesterday.
Investor pun jeri sehingga cenderung melakukan risk aversion
Greed, per pukul 22.13 WIB kemarin, bertengger di level 30. Ini menunjukkan investor berada di posisi pelaku pasar menyerbu satunya emas.
Kemarin, harga emas kontrak pengiriman Desember 2019 di Commodity Exchange mencapai US$ 1.556.20 per ons troi. Ini adalah harga tertinggi emas paling tidak sejak 2014 silam. Sepanjang tahun ini, harga emas naik 18,57%.
Harga emas Logam Mulia, anak usaha PT Aneka Tambang Tbk (Antam), juga mencapai rekor tertinggi sepanjang masa. Kemarin, harga jual emas Antam naik mencapai Rp 775.000 per gram.
Turki dan Argentina samaterlihat bisa keluar dari krisis ekonomi dalam waktu dekat. Krisis keuangan yang melanda Argentina juga membuat pemerintahnya menunda pembayaran utang sebesar US$ 100 miliar. Kini Standard & Poor's (S&P) sudah memasukkan utang tersebut dalam kategori berpeluang gagal bayar.
Resesi pun mulai mengintip ASdari data indeks manufaktur Negeri Paman Sam yang dirilis Institute for Supply Management (ISM). Indeks manufaktur berada di level 49,1 pada Agustus lalu. Posisi ini lebih rendah ketimbang konsensus analis yang sebesar 51,2. Selain itu, level di bawah 50 menunjukkan kontraksi.
Dengan kondisi global yang saat ini terjadi, Direktur Garuda Berjangka Ibrahimmelihat harga emas berpeluang menembus US$ 1.600 per ons troi.
Perang dagang antara AS dan China yang belum kelar menambah pesona si "Karena itu, pelaku pasar saat ini ramairamai masuk ke asetemas," kata dia, kemarin.
Page 12
Investor pun jeri sehingga cenderung risk aversion. Indeks Fear &
, per pukul 22.13 WIB kemarin, bertengger di level 30. Ini menunjukkan investor berada di posisi fear. Tak heran, pelaku pasar menyerbu safe haven. Salah
Kemarin, harga emas kontrak pengiriman Desember 2019 di Commodity Exchange mencapai US$ 1.556.20 per ons troi. Ini adalah harga tertinggi emas paling tidak sejak 2014 silam. Sepanjang tahun ini, harga emas naik 18,57%.
as Logam Mulia, anak usaha PT Aneka Tambang Tbk (Antam), juga mencapai rekor tertinggi sepanjang masa. Kemarin, harga jual emas Antam naik mencapai Rp 775.000 per gram.
Turki dan Argentina sama-sama belum terlihat bisa keluar dari krisis ekonomi
tu dekat. Krisis keuangan yang melanda Argentina juga membuat peme-rintahnya menunda pembayaran utang sebesar US$ 100 miliar. Kini Standard & Poor's (S&P) sudah memasukkan utang tersebut dalam kategori berpeluang gagal
Resesi pun mulai mengintip AS. Ini terlihat dari data indeks manufaktur Negeri Paman Sam yang dirilis Institute for Supply Management (ISM). Indeks manufaktur berada di level 49,1 pada Agustus lalu. Posisi ini lebih rendah ketimbang konsen-sus analis yang sebesar 51,2. Selain itu,
el di bawah 50 menunjukkan kontraksi.
Dengan kondisi global yang saat ini terjadi, Direktur Garuda Berjangka Ibrahim melihat harga emas berpeluang menembus US$ 1.600 per ons troi.
Perang dagang antara AS dan China yang belum kelar menambah pesona si kuning. "Karena itu, pelaku pasar saat ini ramai-ramai masuk ke aset safe haven seperti emas," kata dia, kemarin.
IMA-Daily Update
Potential correction in gold prices
Asia Trade Point Futures Analyst Deddy Yusuf Siregar said, the price of gold could
continue to skyrocket if at the FOMC
meeting this month the Fed again cut its
benchmark interest rate.
Quoting Bloomberg, BNP Paribas SA analyst Harry Tchilinguirian sees the price
of gold as likely to move above US$ 1,600
per ounce troi. Because, the demand for
hedged assets soared.
In addition, the Fed has the potential to cut
interest rates again at this month's meeting
to combat slowing economic growth from a
trade war with China.
"The trade war is unlikely to finish quickly,
and gold has returned to its role as a safe
haven asset," Tchilinguirian said.
However, Maxco Futures analyst Suluh Adil Wicaksono warned, the price of gold could
be corrected if the recession really
happened.
"Recession is not the main reason for collecting gold, precisely when it happens
market participants should collect the US
dollar or Japanese yen," he advised.
The increase in gold prices also makes the demand for gold slowed.
India's gold import in August reportedly dropped 84% to 14.8 tons from 92.1 tons a
year earlier. This is India's lowest gold
import in the last three years.
If this continues to happen, the price of gold has the potential to be corrected.
However, Ibrahim and Suluh still estimate
global gold prices at the end of the year
could be in the range of US$ 1,600 per
ounce troi. Reporter: Adrianus Octaviano,
Anna Suci Perwitasari, Editor: Herry Prasetyo
Potential correction in gold prices
Asia Trade Point Futures Analyst Deddy Yusuf Siregar said, the price of gold could
f at the FOMC
meeting this month the Fed again cut its
Quoting Bloomberg, BNP Paribas SA analyst Harry Tchilinguirian sees the price
of gold as likely to move above US$ 1,600
per ounce troi. Because, the demand for
In addition, the Fed has the potential to cut
interest rates again at this month's meeting
to combat slowing economic growth from a
"The trade war is unlikely to finish quickly,
and gold has returned to its role as a safe
asset," Tchilinguirian said.
However, Maxco Futures analyst Suluh Adil Wicaksono warned, the price of gold could
be corrected if the recession really
"Recession is not the main reason for collecting gold, precisely when it happens
ants should collect the US
dollar or Japanese yen," he advised.
The increase in gold prices also makes the
India's gold import in August reportedly dropped 84% to 14.8 tons from 92.1 tons a
year earlier. This is India's lowest gold
If this continues to happen, the price of gold has the potential to be corrected.
However, Ibrahim and Suluh still estimate
global gold prices at the end of the year
could be in the range of US$ 1,600 per
r: Adrianus Octaviano,
Anna Suci Perwitasari, Editor: Herry Prasetyo
Potensi koreksi harga emas
Analis Asia Trade Point Futures Deddy Yusuf Siregar menyebut, harga emas bisa terus meroket jika dalam pertemuan FOMC bulan ini The Fed kembali memangkas suku bunga acuan.
Mengutip Bloomberg, SA Harry Tchilinguirian melihat harga emas berpeluang bergerak ke atas US$ 1.600 per ons troi. Sebab, permintaan terhadap aset lindung nilai melonjak.
Selain itu, The Fed berpotensi kembali memangkas suku bunga di pertemuan bulan ini untuk memerangi perlambatan pertumbuhan ekonomi dari perang dagang dengan China.
"Perang dagang tidak mungkin selesai dengan cepat, dan emas telah kembali ke perannya sebagai aset Tchilinguirian.
Namun, analis Maxco Futures Suluh Adil Wicaksono memperingatkan, harga emas bisa terkoreksi jika resesi benarterjadi.
"Resesi bukan alasan utama mengoleksi emas, justru ketika itu terjadi sebaiknya pelaku pasar mengoleksi dollar AS atau yen Jepang," saran dia.
Kenaikan harga emas juga membuat permintaan emas melambat.
mpor emas India di Agustus dikabarkan anjlok 84% jadi 14,8 ton dari 92,1 ton setahun sebelumnya. Ini impor emas terendah India dalam tiga tahun terakhir.
Jika hal ini terus terjadi, hargaberpotensi terkoreksi. Namun, Ibrahim dan Suluh masih memperkirakan harga emas global di akhir tahun bisa berada di kisaran US$ 1.600 per ons troi. Octaviano, Anna Suci Perwitasari, Editor: Herry
Prasetyo
Page 13
Potensi koreksi harga emas
Analis Asia Trade Point Futures Deddy Yusuf Siregar menyebut, harga emas bisa terus meroket jika dalam pertemuan FOMC bulan ini The Fed kembali memangkas
analis BNP Paribas SA Harry Tchilinguirian melihat harga emas berpeluang bergerak ke atas US$ 1.600 per ons troi. Sebab, permintaan terhadap aset lindung nilai melonjak.
Selain itu, The Fed berpotensi kembali uku bunga di pertemuan
bulan ini untuk memerangi perlambatan pertumbuhan ekonomi dari perang dagang
"Perang dagang tidak mungkin selesai dengan cepat, dan emas telah kembali ke perannya sebagai aset safe haven," kata
analis Maxco Futures Suluh Adil Wicaksono memperingatkan, harga emas bisa terkoreksi jika resesi benar-benar
"Resesi bukan alasan utama mengoleksi emas, justru ketika itu terjadi sebaiknya pelaku pasar mengoleksi dollar AS atau
dia.
Kenaikan harga emas juga membuat permintaan emas melambat.
mpor emas India di Agustus dikabarkan anjlok 84% jadi 14,8 ton dari 92,1 ton setahun sebelumnya. Ini impor emas terendah India dalam tiga tahun terakhir.
Jika hal ini terus terjadi, harga emas berpotensi terkoreksi. Namun, Ibrahim dan Suluh masih memperkirakan harga emas global di akhir tahun bisa berada di kisaran US$ 1.600 per ons troi. Reporter: Adrianus
Octaviano, Anna Suci Perwitasari, Editor: Herry
IMA-Daily Update
Indonesia sees surge in nickel
INDONESIA’s ban on nickel ore exports could boost the country’s earnings from
five-fold in the next five years through growth in industries such as stainless steel and battery
materials, a minister said on Wednesday.
In a move that threatens to cut global supply, the world’s top nickel miner said this week it
would stop nickel ore exports from Jan. 1, 2020, two years earlier than initially indicated, to
promote more domestic processing.
Luhut Pandjaitan, a coordinating minister overseeing mining, said nickel
earnings will surge from last year’s $5.8 billion
the nickel-rich region of Morowali in Central Sulawesi province.
“Now (exports) may be at $7.8 billion, in 2020 they will reach $12 billion and in 2024 they
may exceed $30 billion, including exports of lithium
first electric car show.
Indonesian authorities have expressed hopes that nickel
production of stainless steel and battery materials will grow to become one of the country’s
main industries, overshadowing current top commodity palm oil in 10 to 15 years.
Pandjaitan said the current investment pipeline showed that as much as $30 billion could be
spent on nickel processing in the Morowali region to 2024.
That includes a $4 billion li
Contemporary Amperex Technology Co Ltd (CATL) which supplies batteries for carmakers
like Volkswagen, Mercedes and Tesla, the minister said, noting this will either start at the end
of the year or early 2020.
Indonesia aims to have 36 nickel smelters by 2022 with a total ore processing capacity of 81
million tonnes per year.
Southeast Asia’s largest economy also aspires to become an electric vehicle (EV) hub for Asia
and beyond with a target to start E
incentives to encourage investment in the sector.
Automotive companies like Japan’s Toyota Motor Corp, which has a plan to invest $2 billion in
EV production in Indonesia according to authorities, Mits
Motors Holding and Dongfeng Sokon Indonesian unit are displaying their EV prototypes in
the car show.
Reporting by Bernadette Christina; writing by Gayatri Suroyo; editing by Richard Pullin
Indonesia sees surge in nickel-related exports after ore export banBernadette Christina
ban on nickel ore exports could boost the country’s earnings from
fold in the next five years through growth in industries such as stainless steel and battery
materials, a minister said on Wednesday.
In a move that threatens to cut global supply, the world’s top nickel miner said this week it
ickel ore exports from Jan. 1, 2020, two years earlier than initially indicated, to
promote more domestic processing.
Luhut Pandjaitan, a coordinating minister overseeing mining, said nickel
earnings will surge from last year’s $5.8 billion, with investment in processing pouring into
rich region of Morowali in Central Sulawesi province.
“Now (exports) may be at $7.8 billion, in 2020 they will reach $12 billion and in 2024 they
may exceed $30 billion, including exports of lithium batteries,” Pandjaitan said at Indonesia’s
Indonesian authorities have expressed hopes that nickel-related industries such as the
production of stainless steel and battery materials will grow to become one of the country’s
dustries, overshadowing current top commodity palm oil in 10 to 15 years.
Pandjaitan said the current investment pipeline showed that as much as $30 billion could be
spent on nickel processing in the Morowali region to 2024.
That includes a $4 billion lithium battery project by several companies, including
Contemporary Amperex Technology Co Ltd (CATL) which supplies batteries for carmakers
like Volkswagen, Mercedes and Tesla, the minister said, noting this will either start at the end
Indonesia aims to have 36 nickel smelters by 2022 with a total ore processing capacity of 81
Southeast Asia’s largest economy also aspires to become an electric vehicle (EV) hub for Asia
and beyond with a target to start EV production in 2022. The government has laid out tax
incentives to encourage investment in the sector.
Automotive companies like Japan’s Toyota Motor Corp, which has a plan to invest $2 billion in
EV production in Indonesia according to authorities, Mitsubishi Motors Corp, China’s Wuling
Motors Holding and Dongfeng Sokon Indonesian unit are displaying their EV prototypes in
Reporting by Bernadette Christina; writing by Gayatri Suroyo; editing by Richard Pullin
Page 14
related exports after ore export ban
ban on nickel ore exports could boost the country’s earnings from the metal
fold in the next five years through growth in industries such as stainless steel and battery
In a move that threatens to cut global supply, the world’s top nickel miner said this week it
ickel ore exports from Jan. 1, 2020, two years earlier than initially indicated, to
Luhut Pandjaitan, a coordinating minister overseeing mining, said nickel-related export
, with investment in processing pouring into
“Now (exports) may be at $7.8 billion, in 2020 they will reach $12 billion and in 2024 they
batteries,” Pandjaitan said at Indonesia’s
related industries such as the
production of stainless steel and battery materials will grow to become one of the country’s
dustries, overshadowing current top commodity palm oil in 10 to 15 years.
Pandjaitan said the current investment pipeline showed that as much as $30 billion could be
thium battery project by several companies, including
Contemporary Amperex Technology Co Ltd (CATL) which supplies batteries for carmakers
like Volkswagen, Mercedes and Tesla, the minister said, noting this will either start at the end
Indonesia aims to have 36 nickel smelters by 2022 with a total ore processing capacity of 81
Southeast Asia’s largest economy also aspires to become an electric vehicle (EV) hub for Asia
V production in 2022. The government has laid out tax
Automotive companies like Japan’s Toyota Motor Corp, which has a plan to invest $2 billion in
ubishi Motors Corp, China’s Wuling
Motors Holding and Dongfeng Sokon Indonesian unit are displaying their EV prototypes in
Reporting by Bernadette Christina; writing by Gayatri Suroyo; editing by Richard Pullin
IMA-Daily Update
Indonesian nickel ore
WHY has the ban been brought forward?
In theory, Indonesia only allowed exports of ore grading below 1.7% Ni. developments in Indonesia, by the likes of QMB and Huayou, to construct leaching plants to process limonite ore grading below this level mean that the “low grade” ores can now be processed domestically. Secondly, it is understood that the governmento preserve its nickel resource base to ensure longevity for the existing and future domestic smelter developments. (For reference, the last nickel reserve and resource data provided by the ESDM was in 2014. Total nickel metal resour3711.6 Mt of ore. The statement from the ESDM on 2 September suggests current known resources to be 2800 Mt – which pro
Current ore export status
Indonesian ore exports to June total 12.349 Mwmt. Assuming this material to be all grading 1.7% Ni, this equates to around 140 kt Ni. The bulk of this material has been exported to China, with smaller quantities going to Ukraine and Japan. We are aware of there being 36.7 Mwmt of export permits currently in place (although some reports suggest 38 Mwmt). Of these, 8.55 Mwmt expire at the end of September, and a total of 18 Mwmt expire by the end of 2019.
To date, monthly Chinese imports of ore from Indonesia has averaged around 23 kt Nequivalent to 280 ktpa nickel. If all the available permitted quotas were used in 2019, then, in theory, Chinese imports could be closer to 400 kt Ni contained.
Given the ban on ore exports now being imposed by year end, it is highly likely that tonnages will rise significantly between now and December. If arrivals follow a similar pattern to that shown in 2014 and the prior ban, then significant tonnages would continue to arrive in January and February of 2020.
Can the loss be made up from
New Caledonia is ramping up its exports to 4 Mwt from 1.57 Mwt in 2018. Guatemala is facing potential cut backs should Solway’s Fenix operations have to close due to local environmental and political issues – although Chinese imports from Guatein 2018. However, these are small suppliers compared with the Philippines, which is viewed as the main potential source of additional ore to offset any loss of Indonesian material.
In 2014, when the initial ore export ban waChina from 29.6 Mt (dry basis) in 2013 to 36.4 Mt in 2014 and 34.3 Mt in 2015.time imports into China have averaged around 30 Mt and look likely to be around the same level for 2019. The increase in production was predominantly achieved by increased production from mines in the Autonomous Region in Muslim Mindanao (ARMM), in particular from Tawi Tawi.
Indonesian nickel ore export ban – implications for nickel supplyWood Mackenzie
has the ban been brought forward?
In theory, Indonesia only allowed exports of ore grading below 1.7% Ni. developments in Indonesia, by the likes of QMB and Huayou, to construct leaching plants to process limonite ore grading below this level mean that the “low grade” ores can now be processed domestically. Secondly, it is understood that the government wishes to take steps to preserve its nickel resource base to ensure longevity for the existing and future domestic smelter developments. (For reference, the last nickel reserve and resource data provided by the ESDM was in 2014. Total nickel metal resources at that time were stated as 54.54 Mt in 3711.6 Mt of ore. The statement from the ESDM on 2 September suggests current known
which pro-rates to 41.1Mt of nickel contained).
ne total 12.349 Mwmt. Assuming this material to be all grading 1.7% Ni, this equates to around 140 kt Ni. The bulk of this material has been exported to China, with smaller quantities going to Ukraine and Japan. We are aware of there being 36.7
ort permits currently in place (although some reports suggest 38 Mwmt). Of these, 8.55 Mwmt expire at the end of September, and a total of 18 Mwmt expire by the end of
To date, monthly Chinese imports of ore from Indonesia has averaged around 23 kt Nequivalent to 280 ktpa nickel. If all the available permitted quotas were used in 2019, then, in theory, Chinese imports could be closer to 400 kt Ni contained.
Given the ban on ore exports now being imposed by year end, it is highly likely that tonnages will rise significantly between now and December. If arrivals follow a similar pattern to that shown in 2014 and the prior ban, then significant tonnages would continue to arrive in January and February of 2020.
Can the loss be made up from elsewhere?
New Caledonia is ramping up its exports to 4 Mwt from 1.57 Mwt in 2018. Guatemala is facing potential cut backs should Solway’s Fenix operations have to close due to local environmental
although Chinese imports from Guatemala were only around 300 kwmtin 2018. However, these are small suppliers compared with the Philippines, which is viewed as the main potential source of additional ore to offset any loss of Indonesian material.
In 2014, when the initial ore export ban was put in place, the Philippines raised ore exports to China from 29.6 Mt (dry basis) in 2013 to 36.4 Mt in 2014 and 34.3 Mt in 2015.time imports into China have averaged around 30 Mt and look likely to be around the same
crease in production was predominantly achieved by increased production from mines in the Autonomous Region in Muslim Mindanao (ARMM), in particular
Page 15
implications for nickel supply
In theory, Indonesia only allowed exports of ore grading below 1.7% Ni. Current developments in Indonesia, by the likes of QMB and Huayou, to construct leaching plants to process limonite ore grading below this level mean that the “low grade” ores can now be
t wishes to take steps to preserve its nickel resource base to ensure longevity for the existing and future domestic smelter developments. (For reference, the last nickel reserve and resource data provided by
ces at that time were stated as 54.54 Mt in 3711.6 Mt of ore. The statement from the ESDM on 2 September suggests current known
rates to 41.1Mt of nickel contained).
ne total 12.349 Mwmt. Assuming this material to be all grading 1.7% Ni, this equates to around 140 kt Ni. The bulk of this material has been exported to China, with smaller quantities going to Ukraine and Japan. We are aware of there being 36.7
ort permits currently in place (although some reports suggest 38 Mwmt). Of these, 8.55 Mwmt expire at the end of September, and a total of 18 Mwmt expire by the end of
To date, monthly Chinese imports of ore from Indonesia has averaged around 23 kt Ni in ore, equivalent to 280 ktpa nickel. If all the available permitted quotas were used in 2019, then, in
Given the ban on ore exports now being imposed by year end, it is highly likely that export tonnages will rise significantly between now and December. If arrivals follow a similar pattern to that shown in 2014 and the prior ban, then significant tonnages would continue to
New Caledonia is ramping up its exports to 4 Mwt from 1.57 Mwt in 2018. Guatemala is facing potential cut backs should Solway’s Fenix operations have to close due to local environmental
mala were only around 300 kwmt in 2018. However, these are small suppliers compared with the Philippines, which is viewed as the main potential source of additional ore to offset any loss of Indonesian material.
s put in place, the Philippines raised ore exports to China from 29.6 Mt (dry basis) in 2013 to 36.4 Mt in 2014 and 34.3 Mt in 2015. Since that time imports into China have averaged around 30 Mt and look likely to be around the same
crease in production was predominantly achieved by increased production from mines in the Autonomous Region in Muslim Mindanao (ARMM), in particular
IMA-Daily Update
However, some mines in the Tawi Tawi region are apparently nearing exhaustion. For
example, SR Languyan, one of the largest mines in the Philippines, exporting around 800 ktpa
(wet) of high grade ore, is expected to cease production by the end of the year.
It is also reported that the Philippines Minister of Resources will issue a decree to susp
mining activities in the ARMM, as the local government needs to impose profit sharing
agreements and review tax and environmental compliance.
In addition, there is another round of country
there are restrictions on the area of a mine site that can be operational at any one time. These
all signal that the average 30 Mtpa that the Philippines has exported to China in the past three years is unlikely to increase; indeed, it is more likely to decline.
For 2019 there will be no impact on Chinese NPI production and we continue to forecast 570
kt Ni in NPI.
Looking ahead, if we assume imports from the Philippines continue at around 30 Mt,
equivalent to ca. 275 kt Ni, and New Caledonia reaches its 4 Mwmt annualis
H2 2020, equivalent to ca. 50 kt Ni, and we assume a further 5 kt of nickel from other ore sources (Guatemala, Turkey, Albania), then the total “secure” long
around 300kt Ni in Chinese NPI, after taking account
Therefore, from 2021 Chinese Ni in NPI production will decline from our current forecast of
490 kt to 300 kt and remain at this level going forward as a maximum. As noted, it is our view
that Filipino ore export volumes w
to provide the 275 ktpa indicated above.
However, some mines in the Tawi Tawi region are apparently nearing exhaustion. For
SR Languyan, one of the largest mines in the Philippines, exporting around 800 ktpa
(wet) of high grade ore, is expected to cease production by the end of the year.
It is also reported that the Philippines Minister of Resources will issue a decree to susp
mining activities in the ARMM, as the local government needs to impose profit sharing
agreements and review tax and environmental compliance.
In addition, there is another round of country-wide environmental inspections underway and
ictions on the area of a mine site that can be operational at any one time. These
all signal that the average 30 Mtpa that the Philippines has exported to China in the past three years is unlikely to increase; indeed, it is more likely to decline.
19 there will be no impact on Chinese NPI production and we continue to forecast 570
Looking ahead, if we assume imports from the Philippines continue at around 30 Mt,
equivalent to ca. 275 kt Ni, and New Caledonia reaches its 4 Mwmt annualis
H2 2020, equivalent to ca. 50 kt Ni, and we assume a further 5 kt of nickel from other ore sources (Guatemala, Turkey, Albania), then the total “secure” long-term feed is sufficient for
around 300kt Ni in Chinese NPI, after taking account of recovery losses in processing.
Therefore, from 2021 Chinese Ni in NPI production will decline from our current forecast of
490 kt to 300 kt and remain at this level going forward as a maximum. As noted, it is our view
that Filipino ore export volumes will decline in 2020 and beyond and, therefore, are unlikely
to provide the 275 ktpa indicated above.
Page 16
However, some mines in the Tawi Tawi region are apparently nearing exhaustion. For
SR Languyan, one of the largest mines in the Philippines, exporting around 800 ktpa
(wet) of high grade ore, is expected to cease production by the end of the year.
It is also reported that the Philippines Minister of Resources will issue a decree to suspend all
mining activities in the ARMM, as the local government needs to impose profit sharing
wide environmental inspections underway and
ictions on the area of a mine site that can be operational at any one time. These
all signal that the average 30 Mtpa that the Philippines has exported to China in the past three
19 there will be no impact on Chinese NPI production and we continue to forecast 570
Looking ahead, if we assume imports from the Philippines continue at around 30 Mt,
equivalent to ca. 275 kt Ni, and New Caledonia reaches its 4 Mwmt annualised rate from the
H2 2020, equivalent to ca. 50 kt Ni, and we assume a further 5 kt of nickel from other ore term feed is sufficient for
of recovery losses in processing.
Therefore, from 2021 Chinese Ni in NPI production will decline from our current forecast of
490 kt to 300 kt and remain at this level going forward as a maximum. As noted, it is our view
ill decline in 2020 and beyond and, therefore, are unlikely
IMA-Daily Update
For 2020 the impact on our view will probably be less significant. It is safe to assume that
those producers with export licences will endeavour to export
before year end. Also, as noted above, following the ban in 2014, a further 10 Mt arrived in
China in January and February of 2014
left Indonesia prior to the 11 January cut
ore could arrive in China before the ban comes into force.
So assuming the supply of 275 kt from the Philippines, 400 kt from Indonesia and 20 kt from
New Caledonia, plus a further 5 kt from other sources
reach 700 kt, equivalent to around 630 kt Ni in NPI. Based on our forecast for 570 kt for the
year, this would leave enough nickel in ore in 2020 to produce around 60 kt Ni.
Combining with the 300 kt detailed abov
360 kt Ni in 2020. However, we are aware that some NPI plants are holding around 4
months of ore stocks. While it is not possible to quantify the absolute stock being held by the
smelters, if we take a view that the top five producers at least have four months’ stock, this
would sustain output of approximately 110 kt Ni in NPI. In addition, port stocks in China are
indicated to contain around 115 kt Ni.
Assuming all this stock is utilised, then the com
would be 574 kt. Our current forecast for 2020 stands at 516 kt. Thus, for the present, this
level of production would still appear achievable.
feed should be viewed as a maximum. Consequently, we have made a modest downward
revision to 500 kt. Further revision will be necessary dependent on the volumes of ore
exports Indonesia achieves in the coming months.
For 2020 the impact on our view will probably be less significant. It is safe to assume that
those producers with export licences will endeavour to export as much material as possible
before year end. Also, as noted above, following the ban in 2014, a further 10 Mt arrived in
China in January and February of 2014 – presumably as a consequence of shipments having
prior to the 11 January cut-off date. On this basis, up to a further 260 kt Ni in
ore could arrive in China before the ban comes into force.
So assuming the supply of 275 kt from the Philippines, 400 kt from Indonesia and 20 kt from
New Caledonia, plus a further 5 kt from other sources, total nickel-in-ore feed for 2019 could
reach 700 kt, equivalent to around 630 kt Ni in NPI. Based on our forecast for 570 kt for the
year, this would leave enough nickel in ore in 2020 to produce around 60 kt Ni.
Combining with the 300 kt detailed above of ongoing feed would suggest a production rate of
360 kt Ni in 2020. However, we are aware that some NPI plants are holding around 4
months of ore stocks. While it is not possible to quantify the absolute stock being held by the
view that the top five producers at least have four months’ stock, this
would sustain output of approximately 110 kt Ni in NPI. In addition, port stocks in China are
indicated to contain around 115 kt Ni.
Assuming all this stock is utilised, then the combined potential for Ni in NPI in China for 2020
would be 574 kt. Our current forecast for 2020 stands at 516 kt. Thus, for the present, this
level of production would still appear achievable. That said, the estimates above for available
wed as a maximum. Consequently, we have made a modest downward
revision to 500 kt. Further revision will be necessary dependent on the volumes of ore
exports Indonesia achieves in the coming months.
Page 17
For 2020 the impact on our view will probably be less significant. It is safe to assume that
as much material as possible
before year end. Also, as noted above, following the ban in 2014, a further 10 Mt arrived in
presumably as a consequence of shipments having
f date. On this basis, up to a further 260 kt Ni in
So assuming the supply of 275 kt from the Philippines, 400 kt from Indonesia and 20 kt from
ore feed for 2019 could
reach 700 kt, equivalent to around 630 kt Ni in NPI. Based on our forecast for 570 kt for the
year, this would leave enough nickel in ore in 2020 to produce around 60 kt Ni.
e of ongoing feed would suggest a production rate of
360 kt Ni in 2020. However, we are aware that some NPI plants are holding around 4-6
months of ore stocks. While it is not possible to quantify the absolute stock being held by the
view that the top five producers at least have four months’ stock, this
would sustain output of approximately 110 kt Ni in NPI. In addition, port stocks in China are
bined potential for Ni in NPI in China for 2020
would be 574 kt. Our current forecast for 2020 stands at 516 kt. Thus, for the present, this
That said, the estimates above for available
wed as a maximum. Consequently, we have made a modest downward
revision to 500 kt. Further revision will be necessary dependent on the volumes of ore
IMA-Daily Update
Can Indonesian NPI production increases offset the
We estimate the total loss in nickel production because of the ore export ban at 16 kt in 2020,
190 kt in 2021, 112 kt for 2022 and 85 ktpa from 2023 onwards. However, there are smelter
projects planned in Indonesia, as well as latent
prices and high coke prices, that in theory could come back into production.
The total idled capacity stands at around 50 ktpa Ni. We have a further 40 ktpa of nickel
production in our probable projects. However,
take at least two years. The most likely source of any near
from existing smelters. Capacity additions at Indonesia’s industrial parks can be added very
quickly. By example, four new lines were added at the Indonesia Morowali Industrial Park
(IMIP) and commissioned within 15 months (for a total capacity of ca. 36 kt Ni). Tsingshan
will add a further six lines over the course of 2019 and potentially a further two in 2020.
While production from these expansions are already accounted for in our supply outlook,
Virtue Dragon (Delong) has suggested that its stage 2 expansion in Konawe could add another
35 RKEF lines to the existing 15. Potentially this could add over 250 kt Ni in NPI
Indonesia.
In theory therefore, Indonesia could easily offset the loss in NPI production in China. In
reality, the capacity expansion at Virtue Dragon is likely to be slow (past performance
indicates that Virtue Dragon cannot add capacity as
offsetting the total production loss estimated for 2021 is unlikely. Beyond 2021, the potential
for Indonesian NPI production to compensate for the loss of output in China is much more
likely.
Summary
The early implementation of an ore export ban by Indonesia is, in our view, unlikely to impact
nickel production in 2019. Likewise, while it is probable that we will need to reduce out
Chinese nickel in NPI production from the current forecast of 516 kt, this could st
conservative depending on how much ore permit holders manage to export over the
remainder of 2019 and into early 2020. From 2020, the export ban is expected to result in a
loss of 16 kt, 190 kt in 2021, 112 kt in 2022 and 85 ktpa from 2024 onward
We do not believe that the total forecast loss in production in 2021 can be offset by a
production increase in Indonesia. For 2020, should the nickel prices remain at current levels,
it will be sufficient to support the reactivation of around 50 kt of
offsetting the modest production loss forecast.
For 2021 we do not believe that the loss of 190 kt of production can be offset by increases in
output elsewhere. From 2022 onwards, our view is that the bulk of the lost output
offset by increased output in Indonesia assuming funds can be secured for the planned
expansions.♦
Can Indonesian NPI production increases offset the supply lost in China?
We estimate the total loss in nickel production because of the ore export ban at 16 kt in 2020,
190 kt in 2021, 112 kt for 2022 and 85 ktpa from 2023 onwards. However, there are smelter
projects planned in Indonesia, as well as latent capacity that was idled due to low nickel
prices and high coke prices, that in theory could come back into production.
The total idled capacity stands at around 50 ktpa Ni. We have a further 40 ktpa of nickel
production in our probable projects. However, development of these to production status will
take at least two years. The most likely source of any near-term production response will be
from existing smelters. Capacity additions at Indonesia’s industrial parks can be added very
our new lines were added at the Indonesia Morowali Industrial Park
(IMIP) and commissioned within 15 months (for a total capacity of ca. 36 kt Ni). Tsingshan
will add a further six lines over the course of 2019 and potentially a further two in 2020.
production from these expansions are already accounted for in our supply outlook,
Virtue Dragon (Delong) has suggested that its stage 2 expansion in Konawe could add another
35 RKEF lines to the existing 15. Potentially this could add over 250 kt Ni in NPI
In theory therefore, Indonesia could easily offset the loss in NPI production in China. In
reality, the capacity expansion at Virtue Dragon is likely to be slow (past performance
indicates that Virtue Dragon cannot add capacity as quickly as Tsingshan at IMIP). Therefore,
offsetting the total production loss estimated for 2021 is unlikely. Beyond 2021, the potential
for Indonesian NPI production to compensate for the loss of output in China is much more
plementation of an ore export ban by Indonesia is, in our view, unlikely to impact
nickel production in 2019. Likewise, while it is probable that we will need to reduce out
Chinese nickel in NPI production from the current forecast of 516 kt, this could st
conservative depending on how much ore permit holders manage to export over the
remainder of 2019 and into early 2020. From 2020, the export ban is expected to result in a
loss of 16 kt, 190 kt in 2021, 112 kt in 2022 and 85 ktpa from 2024 onward
We do not believe that the total forecast loss in production in 2021 can be offset by a
production increase in Indonesia. For 2020, should the nickel prices remain at current levels,
it will be sufficient to support the reactivation of around 50 kt of idled blast furnace capacity,
offsetting the modest production loss forecast.
For 2021 we do not believe that the loss of 190 kt of production can be offset by increases in
output elsewhere. From 2022 onwards, our view is that the bulk of the lost output
offset by increased output in Indonesia assuming funds can be secured for the planned
Page 18
supply lost in China?
We estimate the total loss in nickel production because of the ore export ban at 16 kt in 2020,
190 kt in 2021, 112 kt for 2022 and 85 ktpa from 2023 onwards. However, there are smelter
capacity that was idled due to low nickel
prices and high coke prices, that in theory could come back into production.
The total idled capacity stands at around 50 ktpa Ni. We have a further 40 ktpa of nickel
development of these to production status will
term production response will be
from existing smelters. Capacity additions at Indonesia’s industrial parks can be added very
our new lines were added at the Indonesia Morowali Industrial Park
(IMIP) and commissioned within 15 months (for a total capacity of ca. 36 kt Ni). Tsingshan
will add a further six lines over the course of 2019 and potentially a further two in 2020.
production from these expansions are already accounted for in our supply outlook,
Virtue Dragon (Delong) has suggested that its stage 2 expansion in Konawe could add another
35 RKEF lines to the existing 15. Potentially this could add over 250 kt Ni in NPI production in
In theory therefore, Indonesia could easily offset the loss in NPI production in China. In
reality, the capacity expansion at Virtue Dragon is likely to be slow (past performance
quickly as Tsingshan at IMIP). Therefore,
offsetting the total production loss estimated for 2021 is unlikely. Beyond 2021, the potential
for Indonesian NPI production to compensate for the loss of output in China is much more
plementation of an ore export ban by Indonesia is, in our view, unlikely to impact
nickel production in 2019. Likewise, while it is probable that we will need to reduce out
Chinese nickel in NPI production from the current forecast of 516 kt, this could still prove
conservative depending on how much ore permit holders manage to export over the
remainder of 2019 and into early 2020. From 2020, the export ban is expected to result in a
loss of 16 kt, 190 kt in 2021, 112 kt in 2022 and 85 ktpa from 2024 onwards.
We do not believe that the total forecast loss in production in 2021 can be offset by a
production increase in Indonesia. For 2020, should the nickel prices remain at current levels,
idled blast furnace capacity,
For 2021 we do not believe that the loss of 190 kt of production can be offset by increases in
output elsewhere. From 2022 onwards, our view is that the bulk of the lost output could be
offset by increased output in Indonesia assuming funds can be secured for the planned
IMA-Daily Update
Copper recovers from 2
COPPER prices rose on Wednesday from a two
weaker dollar, rising global stock markets and arbitrage trading after London prices dropped below levels in China.
Benchmark copper on the London Metal Exchange (LME) closed up 2.5% at $5,748 a tonne after hitting $5,518 on Tuesday, the lowest since May 2017.
Tuesday's plunge followed an unexpected contraction of U.S. factory activity run of poor readings across the world as a U.S.growth. Copper, used in power and colast year.
Its recovery on Wednesday was "due in part to the somewhat weaker dollar and benign equity markets, which give support to base metals," Commerzbank analyst Daniel Briesemann said.
He said bleak economic data had caused him to revise his forecast for prices at the end of the year to $6,000 from $6,500.
MARKETS: Global markets rebounded after a private survey showed that activity in China's services sector expanded at the fastest pace in three
DOLLAR: The dollar weakened from twothem cheaper for buyers with other currencies.
ARB TRADING: LME prices were supported by investors finding it profitable to buy the London copper contract and simultaneously sell the Shanghai copper contract, traders and analysts said.
COPPER STOCKS: On-warrant copper inventories available to the market in LMEwarehouses have dropped to 209,650 tonnes from more than 300,000 tonnes in mid
CHINA PREMIUMS: Yangshan copper import premiums at $77.50 are their highest since November 2018, pointing to higher demand in the world's largest consumer of metals.
TRADE WAR: U.S. President Donald Trump on Tuesday warned he would be "tougher" on Beijing in a second term if trade talks dragged on.
NICKEL: The premium for cash nickel over threefrom a 10-year high of more than benchmark LME contract ended flat at $17,980 a tonne, holding near a 5reached on Monday after top supplier Indonesia accelerated a ban on nickel ore exports.
NICKEL DEFICIT: Indonesia's ban, to enter force on Jan. 1, will push the roughly 2.3tonne a year nickel market into a 180,000 tonne deficit in 2020, analysts at ANZ said.
Copper recovers from 2-year low but demand outlook still weakBy Peter Hobson, Reuters
prices rose on Wednesday from a two-year low in the previous session, helped by a
weaker dollar, rising global stock markets and arbitrage trading after London prices dropped
Benchmark copper on the London Metal Exchange (LME) closed up 2.5% at $5,748 a tonne on Tuesday, the lowest since May 2017.
Tuesday's plunge followed an unexpected contraction of U.S. factory activity run of poor readings across the world as a U.S.-China trade dispute weakens economic growth. Copper, used in power and construction, has slumped around 20% from highs in June
Its recovery on Wednesday was "due in part to the somewhat weaker dollar and benign equity markets, which give support to base metals," Commerzbank analyst Daniel
eak economic data had caused him to revise his forecast for prices at the end of the
MARKETS: Global markets rebounded after a private survey showed that activity in China's services sector expanded at the fastest pace in three months in August.
DOLLAR: The dollar weakened from two-year highs, helping dollar-priced metals by making them cheaper for buyers with other currencies.
ARB TRADING: LME prices were supported by investors finding it profitable to buy the ontract and simultaneously sell the Shanghai copper contract, traders and
warrant copper inventories available to the market in LMEwarehouses have dropped to 209,650 tonnes from more than 300,000 tonnes in mid
CHINA PREMIUMS: Yangshan copper import premiums at $77.50 are their highest since November 2018, pointing to higher demand in the world's largest consumer of metals.
TRADE WAR: U.S. President Donald Trump on Tuesday warned he would be "tougher" on Beijing in a second term if trade talks dragged on.
NICKEL: The premium for cash nickel over three-month metal on the LME has fallen to $33 year high of more than $100 last week, suggesting a supply crunch is easing. The
benchmark LME contract ended flat at $17,980 a tonne, holding near a 5-reached on Monday after top supplier Indonesia accelerated a ban on nickel ore exports.
ndonesia's ban, to enter force on Jan. 1, will push the roughly 2.3tonne a year nickel market into a 180,000 tonne deficit in 2020, analysts at ANZ said.
Page 19
year low but demand outlook still weak
the previous session, helped by a
weaker dollar, rising global stock markets and arbitrage trading after London prices dropped
Benchmark copper on the London Metal Exchange (LME) closed up 2.5% at $5,748 a tonne
Tuesday's plunge followed an unexpected contraction of U.S. factory activity -- the latest in a China trade dispute weakens economic
nstruction, has slumped around 20% from highs in June
Its recovery on Wednesday was "due in part to the somewhat weaker dollar and benign equity markets, which give support to base metals," Commerzbank analyst Daniel
eak economic data had caused him to revise his forecast for prices at the end of the
MARKETS: Global markets rebounded after a private survey showed that activity in China's
priced metals by making
ARB TRADING: LME prices were supported by investors finding it profitable to buy the ontract and simultaneously sell the Shanghai copper contract, traders and
warrant copper inventories available to the market in LME-registered warehouses have dropped to 209,650 tonnes from more than 300,000 tonnes in mid-August.
CHINA PREMIUMS: Yangshan copper import premiums at $77.50 are their highest since November 2018, pointing to higher demand in the world's largest consumer of metals.
TRADE WAR: U.S. President Donald Trump on Tuesday warned he would be "tougher" on
month metal on the LME has fallen to $33 $100 last week, suggesting a supply crunch is easing. The
-year high of $18,850 reached on Monday after top supplier Indonesia accelerated a ban on nickel ore exports.
ndonesia's ban, to enter force on Jan. 1, will push the roughly 2.3-million tonne a year nickel market into a 180,000 tonne deficit in 2020, analysts at ANZ said.
IMA-Daily Update
"However, this market is remarkably resilient. High inventories and alternative sources should see this supply-squeeze subside, limiting the upside in prices from here," they said.
OTHER METALS: LME aluminium finished up 1.3% at $1,775 a tonne, zinc rose 4.8% to $2,310, lead gained 3% to $2,050 and tin closed 3% higher at $17,200.
(Reporting by Peter Hobson; additional reporting by Mai Nguyen; editing by Jane Merriman and Louise
Heavens)
Malaysia defends move to extend Lynas licence
MALAYSIA’s government said on Wednesday its decision last month to extend a licence for
Australia’s Lynas Corp for processing rare earth minerals aimed to show investors that the Southeast Asian nation was open for business and preserve 600 jobs.
Prime Minister Tun Dr Mahathir Mohamad’s party had promised to halt the firm’s operations when campaigning in the May 2018 election, after concerns were raised by politicians and activists about the production of radioactive waste from the process.
Lynas, the largest rare earths producer outside China that sells most of its products to Japan, says the low-level radioactive waste is not hazardous.
The government said last month it was extending the firm’s licence, a move that sparked protests from activists and politicians even though it set tougher terms and offered a sixmonth extension that was shorter th
Outlining reasons for the government’s decision, the prime minister’s office said closing the operation would lead to more than 600 local employees losing their jobs and it would have a “negative impact on Malaysia’s credibility as a business
The prime minister’s office also said in the statement that failing to extend the licence would mean Malaysia would be “unable to break the Chinese monopoly as the sole exporter of rare earths.”
China has a tight grip on the rare earths marminerals that are used in smartphones and other consumer electronics, and also used in the defence industry and other sectors.
The U.S. Department of Defense has been in talks with Australia to host a facility thprocess rare earth minerals in an effort to reduce reliance on China for the specialised materials.
Activists in Malaysia have urged the government to review the decision to extend the licence for Lynas.
“We hope they can re-examine their mistakesTan Bun Teet, chairman of nonReuters
"However, this market is remarkably resilient. High inventories and alternative sources squeeze subside, limiting the upside in prices from here," they said.
OTHER METALS: LME aluminium finished up 1.3% at $1,775 a tonne, zinc rose 4.8% to $2,310, lead gained 3% to $2,050 and tin closed 3% higher at $17,200.
(Reporting by Peter Hobson; additional reporting by Mai Nguyen; editing by Jane Merriman and Louise
Malaysia defends move to extend Lynas licence
government said on Wednesday its decision last month to extend a licence for
alia’s Lynas Corp for processing rare earth minerals aimed to show investors that the Southeast Asian nation was open for business and preserve 600 jobs.
Prime Minister Tun Dr Mahathir Mohamad’s party had promised to halt the firm’s operations ning in the May 2018 election, after concerns were raised by politicians and
activists about the production of radioactive waste from the process.
Lynas, the largest rare earths producer outside China that sells most of its products to Japan, level radioactive waste is not hazardous.
The government said last month it was extending the firm’s licence, a move that sparked protests from activists and politicians even though it set tougher terms and offered a sixmonth extension that was shorter than usual.
Outlining reasons for the government’s decision, the prime minister’s office said closing the operation would lead to more than 600 local employees losing their jobs and it would have a “negative impact on Malaysia’s credibility as a business-friendly country.”
The prime minister’s office also said in the statement that failing to extend the licence would mean Malaysia would be “unable to break the Chinese monopoly as the sole exporter of rare
China has a tight grip on the rare earths market, as the world’s biggest producer of the minerals that are used in smartphones and other consumer electronics, and also used in the defence industry and other sectors.
The U.S. Department of Defense has been in talks with Australia to host a facility thprocess rare earth minerals in an effort to reduce reliance on China for the specialised
Activists in Malaysia have urged the government to review the decision to extend the licence
examine their mistakes and start to serve the interests of the people,” Tan Bun Teet, chairman of non-government group ‘Save Malaysia Stop Lynas’, told Reuters.
Page 20
"However, this market is remarkably resilient. High inventories and alternative sources squeeze subside, limiting the upside in prices from here," they said.
OTHER METALS: LME aluminium finished up 1.3% at $1,775 a tonne, zinc rose 4.8% to
(Reporting by Peter Hobson; additional reporting by Mai Nguyen; editing by Jane Merriman and Louise
Malaysia defends move to extend Lynas licence
government said on Wednesday its decision last month to extend a licence for
alia’s Lynas Corp for processing rare earth minerals aimed to show investors that the
Prime Minister Tun Dr Mahathir Mohamad’s party had promised to halt the firm’s operations ning in the May 2018 election, after concerns were raised by politicians and
Lynas, the largest rare earths producer outside China that sells most of its products to Japan,
The government said last month it was extending the firm’s licence, a move that sparked protests from activists and politicians even though it set tougher terms and offered a six-
Outlining reasons for the government’s decision, the prime minister’s office said closing the operation would lead to more than 600 local employees losing their jobs and it would have a
endly country.”
The prime minister’s office also said in the statement that failing to extend the licence would mean Malaysia would be “unable to break the Chinese monopoly as the sole exporter of rare
ket, as the world’s biggest producer of the minerals that are used in smartphones and other consumer electronics, and also used in the
The U.S. Department of Defense has been in talks with Australia to host a facility that would process rare earth minerals in an effort to reduce reliance on China for the specialised
Activists in Malaysia have urged the government to review the decision to extend the licence
and start to serve the interests of the people,” government group ‘Save Malaysia Stop Lynas’, told Reuters.
IMA-Daily Update
Coal India production drops 2.8%
COAL India Ltd. (CIL) ended the first five months of this fiscal with a 2.8% production
decline, mining 210.2 million tonnes against 216.2 millIn August its output dropped by 10.3%.
Two of its high-yielding subsidiaries, South Eastern Coalfields Ltd. (SECL) and Mahanadi Coalfields Ltd. (MCL), ended the period with a lower production compared with the yearearlier period.
Coal offtake between April and August 2019 dropped by 2.5 million tonnes. In August, four out of CIL’s seven coal-producing subsidiaries lost production, showing negative growth rates over those clocked a year ago. This was due to various fa
Law and order issues
CIL sources said that law and order problems at some of the subsidiaries and heavy rains in western India had led to this production loss. There were also two mine accidents that led to production loss
Edelweiss Securities said in an update that CIL’s August 2019 production and offtake volume decline was the worst in the past three years. It said that the delay in finalisation of subcontracts and mining fatalities at MCL and SECL impacted production. Higherexpected rainfall, too, hit mining. On the offtake front, it said that lower rake availability led to loading of 178 rakes daily in August 2019 against 250 rakes of daily loading in July.
However, the brokerage firm was optimistic that CIL will get over its current productby resolving the issues at hand and register a growth rate of around 4.5%. It felt that achieving the year’s target of 660 million tonnes, requiring a 15% growth rate may be a
daunting task for the behemoth.
Canada’s Teranga kicks off
TERANGA Gold (TSE: TGZ) has
Faso ahead of schedule, the Canadian miner announced Wednesday.
The mine, which is the company’s second gold operation after Sabodala, in Senegal, began processing ore in August and it is expected to prodthe remainder of 2019.
As a result, Teranga anticipates its 2020 consolidated annual production to increase to between 300,000 and 350,000 ounces.
Coal India production drops 2.8% Special Correspondent
India Ltd. (CIL) ended the first five months of this fiscal with a 2.8% production
decline, mining 210.2 million tonnes against 216.2 million tonnes in the yearIn August its output dropped by 10.3%.
yielding subsidiaries, South Eastern Coalfields Ltd. (SECL) and Mahanadi Coalfields Ltd. (MCL), ended the period with a lower production compared with the year
Coal offtake between April and August 2019 dropped by 2.5 million tonnes. In August, four producing subsidiaries lost production, showing negative growth rates
over those clocked a year ago. This was due to various factors.
CIL sources said that law and order problems at some of the subsidiaries and heavy rains in western India had led to this production loss. There were also two mine accidents that led to
in an update that CIL’s August 2019 production and offtake volume decline was the worst in the past three years. It said that the delay in finalisation of subcontracts and mining fatalities at MCL and SECL impacted production. Higher
, too, hit mining. On the offtake front, it said that lower rake availability led to loading of 178 rakes daily in August 2019 against 250 rakes of daily loading in July.
However, the brokerage firm was optimistic that CIL will get over its current productby resolving the issues at hand and register a growth rate of around 4.5%. It felt that achieving the year’s target of 660 million tonnes, requiring a 15% growth rate may be a
behemoth.♦
Canada’s Teranga kicks off production at Burkina Faso gold mineCecilia Jamasmie
Gold (TSE: TGZ) has kicked off production at its Wahgnion gold mine
Faso ahead of schedule, the Canadian miner announced Wednesday.
The mine, which is the company’s second gold operation after Sabodala, in Senegal, began processing ore in August and it is expected to produce between 30,000 and 40,000 ounces for
As a result, Teranga anticipates its 2020 consolidated annual production to increase to between 300,000 and 350,000 ounces.
Page 21
India Ltd. (CIL) ended the first five months of this fiscal with a 2.8% production
ion tonnes in the year-earlier period.
yielding subsidiaries, South Eastern Coalfields Ltd. (SECL) and Mahanadi Coalfields Ltd. (MCL), ended the period with a lower production compared with the year-
Coal offtake between April and August 2019 dropped by 2.5 million tonnes. In August, four producing subsidiaries lost production, showing negative growth rates
CIL sources said that law and order problems at some of the subsidiaries and heavy rains in western India had led to this production loss. There were also two mine accidents that led to
in an update that CIL’s August 2019 production and offtake volume decline was the worst in the past three years. It said that the delay in finalisation of subcontracts and mining fatalities at MCL and SECL impacted production. Higher-than
, too, hit mining. On the offtake front, it said that lower rake availability led to loading of 178 rakes daily in August 2019 against 250 rakes of daily loading in July.
However, the brokerage firm was optimistic that CIL will get over its current production woes by resolving the issues at hand and register a growth rate of around 4.5%. It felt that achieving the year’s target of 660 million tonnes, requiring a 15% growth rate may be a
production at Burkina Faso gold mine
off production at its Wahgnion gold mine in Burkina
The mine, which is the company’s second gold operation after Sabodala, in Senegal, began uce between 30,000 and 40,000 ounces for
As a result, Teranga anticipates its 2020 consolidated annual production to increase to
IMA-Daily Update
The news comes as gold prices are at the highest levelsWahgnion is expected to help Teranga achieve its growth target of becoming a multijurisdictional, mid-tier gold prod
The Toronto-based miner said that, starting next year, it would embark on a multiexploration and drilling program to further optimize the mine plan and extend the new operation’s life.
The current reserve estimate and mine plan include only thlicence.
The focus would be on prospective exploration targets within trucking distance of the plant.
A decade ago, Burkina Faso was better known for the cotton it grows than the gold it mines, but since then a gold rush has transformed it into one of Africa’s hottest destinations for frontier mining.
The country currently is Africa’s fifth gold producer after South Africa, Tanzania, Ghana, and Mali. According to official figures, it produced 52.66 tonnes of gold last yeamore than 15% when compared to the 45.8 tonnes it generated in 2017.
Canada has the largest number of foreign gold companies operating in Burkinaincluding IAMGOLD, SEMAFO and Endeavour Mining.
The nation’s thriving gold mining sectviolence and sporadic outbreaks of inter
On January 11, the parliament voted to extend a state of emergency in several northern provinces, which has been in place since December 31, terrorist incidents in several northern provinces.
A few days later, Canadian geologist Kirk Woodman, who was working for VancouverProgress Minerals Inc., was found dead
Montreal-based SEMAFO, which has mines in the region, reported several attacks on roads
near its operations last year.♦
Coal India signs MoUs with Russia for coking coalFor the last several months Coal India is also looking at acquiring coking coal assets in
COAL India signed MOUs with two Russian entities in the are
Russian Far East and the Arctic Region.
Coal India signed the first MoU with Far Eastern Agency for Attracting Investments and Supporting Exports (FEAAISE), an autonomous noncooperating in their activities for mining coking coal in the Russian Far East and Arctic Region.
gold prices are at the highest levels in five years. With a 13Wahgnion is expected to help Teranga achieve its growth target of becoming a multi
tier gold producer.
based miner said that, starting next year, it would embark on a multiexploration and drilling program to further optimize the mine plan and extend the new
The current reserve estimate and mine plan include only the four initial deposits on the mine
The focus would be on prospective exploration targets within trucking distance of the plant.
A decade ago, Burkina Faso was better known for the cotton it grows than the gold it mines, has transformed it into one of Africa’s hottest destinations for
is Africa’s fifth gold producer after South Africa, Tanzania, Ghana, and Mali. According to official figures, it produced 52.66 tonnes of gold last yeamore than 15% when compared to the 45.8 tonnes it generated in 2017.
Canada has the largest number of foreign gold companies operating in Burkinaincluding IAMGOLD, SEMAFO and Endeavour Mining.
The nation’s thriving gold mining sector has been recently rattled by a fresh wave of Islamist violence and sporadic outbreaks of inter-ethnic conflict.
On January 11, the parliament voted to extend a state of emergency in several northern provinces, which has been in place since December 31, by six months – terrorist incidents in several northern provinces.
A few days later, Canadian geologist Kirk Woodman, who was working for Vancouverwas found dead after being abducted by unknown gunmen.
based SEMAFO, which has mines in the region, reported several attacks on roads
India signs MoUs with Russia for coking coalFor the last several months Coal India is also looking at acquiring coking coal assets in
Russia, Canada and Australia. By Debjoy Sengupta, ET Bureau
India signed MOUs with two Russian entities in the areas of coking coal mining in the
Russian Far East and the Arctic Region.
Coal India signed the first MoU with Far Eastern Agency for Attracting Investments and Supporting Exports (FEAAISE), an autonomous non-profit organization in Russia, for
n their activities for mining coking coal in the Russian Far East and Arctic
Page 22
in five years. With a 13-year mine life, Wahgnion is expected to help Teranga achieve its growth target of becoming a multi-
based miner said that, starting next year, it would embark on a multi-year exploration and drilling program to further optimize the mine plan and extend the new
e four initial deposits on the mine
The focus would be on prospective exploration targets within trucking distance of the plant.
A decade ago, Burkina Faso was better known for the cotton it grows than the gold it mines, has transformed it into one of Africa’s hottest destinations for
is Africa’s fifth gold producer after South Africa, Tanzania, Ghana, and Mali. According to official figures, it produced 52.66 tonnes of gold last year, an increase of
Canada has the largest number of foreign gold companies operating in Burkina Faso,
or has been recently rattled by a fresh wave of Islamist
On January 11, the parliament voted to extend a state of emergency in several northern following a string of
A few days later, Canadian geologist Kirk Woodman, who was working for Vancouver-based after being abducted by unknown gunmen.
based SEMAFO, which has mines in the region, reported several attacks on roads
India signs MoUs with Russia for coking coal For the last several months Coal India is also looking at acquiring coking coal assets in
as of coking coal mining in the
Coal India signed the first MoU with Far Eastern Agency for Attracting Investments and profit organization in Russia, for
n their activities for mining coking coal in the Russian Far East and Arctic
IMA-Daily Update
The second MoU was signed between Coal India and Eastern Mining Company (FEMC) of Russian Federation for exploring, identifying, sourcing, negotiating and consummating mutually beneficial investment opportunities in the mining sector in the Russian Far East.
The MoUs were signed by Coal India chairman, A K Jha and Leonid Gennadievich Petukhov, director general of FEAAISE and a senior executive at FEMC.
For the last several months Coal India is also looking at acquiring coking coal assets in Russia, Canada and Australia. In fact, it has recently, identified four potential coking and semicoal assets, two each in Australia and Canada, for due diligence. It may acquirin each of these assets to start with, which may be gradually increased, based on its experience.
The assets identified in Australia are working mines where Coal India is looking at acquiring stakes while the assets identified in Canada aare complete, land acquired and environmental clearances received.
The final decision on the quantum of stake in each of these projects would be based on duediligence reports. At present, it is in the processmerchant bankers for undertaking dueThey will render financial due diligence and transaction advisory services for framing assetspecific investment proposal.
Coal India believes it may not be possible to bridge the entire demand gap of coking coal and high-grade low ash thermal coal, primarily because of limited availability of technocommercially recoverable coking coal reserves and near absence of highthermal coal reserves in the country. This has necessitated overseas acquisitions.
The plan is to set up coking coal and highview to acquire coal resources, produce coal and import it either bythrough acquisition of equity participation in working mines on production sharing participation interest basis.
In the past, Coal India had acquired an exploratory block in Mozambique during August 2009. Following preliminary rounds
quality reserves and was subsequently forced to give it away.
The second MoU was signed between Coal India and Eastern Mining Company (FEMC) of Russian Federation for exploring, identifying, sourcing, negotiating and consummating
tually beneficial investment opportunities in the mining sector in the Russian Far East.
The MoUs were signed by Coal India chairman, A K Jha and Leonid Gennadievich Petukhov, director general of FEAAISE and a senior executive at FEMC.
al months Coal India is also looking at acquiring coking coal assets in Russia, Canada and Australia. In fact, it has recently, identified four potential coking and semicoal assets, two each in Australia and Canada, for due diligence. It may acquirin each of these assets to start with, which may be gradually increased, based on its
The assets identified in Australia are working mines where Coal India is looking at acquiring stakes while the assets identified in Canada are ready to produce blocks where explorations are complete, land acquired and environmental clearances received.
The final decision on the quantum of stake in each of these projects would be based on duediligence reports. At present, it is in the process of inviting global tenders for appointing merchant bankers for undertaking due-diligence for the two identified assets in Australia. They will render financial due diligence and transaction advisory services for framing asset
Coal India believes it may not be possible to bridge the entire demand gap of coking coal and grade low ash thermal coal, primarily because of limited availability of techno
commercially recoverable coking coal reserves and near absence of highthermal coal reserves in the country. This has necessitated overseas acquisitions.
The plan is to set up coking coal and high-grade thermal coal mining business overseas with a view to acquire coal resources, produce coal and import it either by opening new mines or through acquisition of equity participation in working mines on production sharing
In the past, Coal India had acquired an exploratory block in Mozambique during August 2009. Following preliminary rounds of exploration, it discovered the block did not have good
quality reserves and was subsequently forced to give it away.♦
Page 23
The second MoU was signed between Coal India and Eastern Mining Company (FEMC) of Russian Federation for exploring, identifying, sourcing, negotiating and consummating
tually beneficial investment opportunities in the mining sector in the Russian Far East.
The MoUs were signed by Coal India chairman, A K Jha and Leonid Gennadievich Petukhov,
al months Coal India is also looking at acquiring coking coal assets in Russia, Canada and Australia. In fact, it has recently, identified four potential coking and semi-coking coal assets, two each in Australia and Canada, for due diligence. It may acquire minority stake in each of these assets to start with, which may be gradually increased, based on its
The assets identified in Australia are working mines where Coal India is looking at acquiring re ready to produce blocks where explorations
The final decision on the quantum of stake in each of these projects would be based on due-of inviting global tenders for appointing
diligence for the two identified assets in Australia. They will render financial due diligence and transaction advisory services for framing asset-
Coal India believes it may not be possible to bridge the entire demand gap of coking coal and grade low ash thermal coal, primarily because of limited availability of techno-
commercially recoverable coking coal reserves and near absence of high-grade low ash thermal coal reserves in the country. This has necessitated overseas acquisitions.
grade thermal coal mining business overseas with a opening new mines or
through acquisition of equity participation in working mines on production sharing
In the past, Coal India had acquired an exploratory block in Mozambique during August 2009. of exploration, it discovered the block did not have good