TABLE OF CONTENTS...Soal PKP2B Anak Usaha, Bumi Resources (BUMI) Tunggu PP Baru ... lebih fleksibel, hingga regulasi harga EBT yang siap diterbitkan. Meneruskan jejak keberhasilan

IMA-Daily Update Page 1

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Minister of EMR: Momentum to Build the EMR Sector to be Better, Progressive and Faster Menteri ESDM: Momentum Bangun Sektor ESDM Lebih Baik, Progresif dan Lebih Cepat Lagi IMA: Small and medium miners suffer a loss from nickel transactions at prices below HPM IMA: Penambang kecil dan menengah dirugikan transaksi nikel dengan harga di bawah HPM About PKP2B Subsidiary, Bumi Resources (BUMI) Waiting for New PP Soal PKP2B Anak Usaha, Bumi Resources (BUMI) Tunggu PP Baru Bukit Asam's 'capex' absorption is low Penyerapan 'Capex' Bukit Asam Rendah Geologists Propose Reserves Resilience Fund 5% of Profit Ahli Geologi Usulkan Dana Ketahanan Cadangan 5% dari Laba Freeport and Kideco Become Petrosea (PTRO) Performance Support Freeport dan Kideco Jadi Penopang Kinerja Petrosea (PTRO) APNI: Nickel miners have difficulty selling products according to the benchmark price to smelter owners APNI: Penambang nikel kesulitan jual produk sesuai harga patokan ke pemilik smelter PT Timah Ready to Pay Off Rp 600 Billion Bonds PT Timah Siap Lunasi Obligasi Rp 600 Miliar EMR Minister Calls Downstreaming as the Key to Optimizing Minerba Products Menteri ESDM Sebut Hilirisasi Jadi Kunci Optimalkan Produk Minerba Indika Energy (INDY) posted a net loss of US$ 21.91 million in the first half of 2020 Indika Energy (INDY) cetak rugi bersih US$ 21,91 juta di

KESDM Kontan Bisnis Investor Daily CNBC Indonesia Bisnis Kontan Neraca DetikFinance Kontan

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semester I-2020 Martabe Gold Mine Sharing Knowledge of Gold Mining Designing Tambang Emas Martabe Berbagi Pengetahuan Merancang Pertambangan Emas Failed to Penetrate to US$ 60/Ton, Coal Prices Drop Again Gagal Tembus ke US$ 60/Ton, Harga Batu Bara Ambles Lagi Tin prices to extend rally as electronics sector recovers Thiess extends stay at Glencore’s Mount Owen coal mine Australia trims resources revenue outlook on weaker coal, LNG exports Russia’s coal production to drop by 10.5% in 2020, says ministry At least 16 killed from carbon monoxide poisoning in China coal mine accident 'Tumultuous time': Australia's coal miners face $17b export collapse

IDN Times CNBC Indonesia Mining Weekly Int'l Mining Mining.com Tass (Russian News Agency) CNN The SMH

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75th Anniversary of Mining and Energy

Minister of EMR: Momentum to Build the EMR Sector to be

Better, Progressive and Faster

TODAY, September 28, 2020, is a special

moment for all mining and energy people throughout Indonesia, the 75th anniversary of the takeover of Chisitsu Chosasho's office in Bandung from the Japanese which later changed its name to Poesat Djawatan Tambang dan Geologi, the forerunner of the Ministry of Energy and Resources Minerals (MEMR) today.

In commemoration of the 75th Anniversary of Mining and Energy which fell on Monday (28/9), Minister of EMR Arifin Tasrif said that the momentum of 75 years of Mining and Energy Anniversary was used as a foothold for all of us to continue working to build a better, more progressive and even faster, realizing the ideal of sustainable energy for Indonesia to progress through work and achievements for the Indonesian nation.

"The implementation of EMR sector policies, we are moving to dynamically balance the world's rapid development. Accelerating clean energy development is our next challenge, supporting global commitments to reduce emissions, with a target of 23% renewable energy in Indonesia's energy mix by 2025, as well as a commitment to reduce emissions. up to 29% by 2030 on their own, according to the mitigation scenario," said Arifin through a video remarks on the Anniversary of Mining and Energy this time.

Hari Jadi Pertambangan dan Energi ke-75

Menteri ESDM: Momentum Bangun Sektor ESDM Lebih Baik, Progresif dan Lebih Cepat Lagi

HARI ini 28 September 2020, menjadi momen spesial bagi seluruh insan pertam-bangan dan energi di seluruh Indonesia, peringatan 75 tahun atas pengambilalihan kantor Chisitsu Chosasho di Bandung dari pihak Jepang yang kemudian berubah nama menjadi Poesat Djawatan Tambang dan Geologi, cikal bakal Kementerian Energi dan Sumber Daya Mineral (ESDM) saat ini.

Pada peringatan Hari Jadi Pertambangan dan Energi ke-75 yang jatuh pada Senin (28/9), Menteri ESDM Arifin Tasrif menyampaikan bahwa momentum 75 tahun Hari Jadi Pertambangan dan Energi dijadikan pijakan bagi kita semua untuk terus bekerja membangun sektor ESDM lebih baik, progresif dan lebih cepat lagi, mewujudkan cita-cita energi berkelanjutan untuk Indonesia maju melalui kerja dan prestasi bagi bangsa Indonesia.

"Implementasi kebijakan sektor ESDM, kami gerakkan secara dinamis meng-imbangi perkembangan dunia yang begitu pesat. Akselerasi pengembangan energi bersih menjadi tantangan kami selanjut-nya, mendukung komitmen global dalam mengurangi emisi, dengan target 23% energi terbarukan dalam bauran energi Indonesia tahun 2025, serta komitmen pengurangan emisi hingga 29% pada 2030 dengan usaha sendiri, sesuai skenario mitigasi," ungkap Arifin melalui video sambutan Hari Jadi Pertambangan dan Energi kali ini.


In contrast to previous years, we must commemorate the Anniversary of Mining and Energy this time with moderation, considering that currently Indonesia and the rest of the world are faced with extraordinary challenges, the COVID-19 pandemic. "Challenges that make us think more creatively and innovatively in guarding and mitigating the energy sector in the midst of a pandemic. Hopefully all of us will always be given health, strength and enthusiasm to get through this difficult time," said Arifin.

Arifin said, with the theme "Awakening for Advanced Indonesia", this year's Mining and Energy Anniversary reflects the spirit of mining and energy people to rise together to face the challenges of the pandemic. "Although this year's target is slightly corrected, I hope it will not loosen the spirit to keep giving the best, keep making achievements, realizing an advanced Indonesia," he continued.

Arifin admitted that the decline in energy demand has caused a sluggishness in several commodities in the global market, but various efforts have been made by the Government to raise public demand and purchasing power, one of which is through the electricity tariff stimulus which is given to more than 33 million PLN customers, according to the stipulated regulations. "This economic stimulus is temporary in nature, becoming an embodiment of the state's presence for the affected communities," said Arifin.

During the past year, the Ministry of EMR has also achieved various performance records, including the enactment of a new Minerba Law, industrial gas prices dropping to USD 6 per MMBTU, more flexible oil and gas contract regulations, and a new renewable energy price regulation that is ready to be issued. Continuing the track of the success of implementing B30,...

Berbeda dengan tahun-tahun sebelumnya, peringatan Hari Jadi Pertambangan dan Energi kali ini harus kita lakukan dengan bersahaja, mengingat saat ini Indonesia dan seluruh dunia tengah dihadapkan dengan tantangan luar biasa, pandemi COVID-19. "Tantangan yang membuat kita berpikir lebih kreatif dan inovatif dalam mengawal dan melakukan mitigasi sektor energi di tengah pandemi. Semoga kita semua senantiasa diberikan kesehatan, kekuatan dan semangat agar bisa melalui masa yang sulit ini," pesan Arifin.

Arifin menuturkan, mengusung tema "Bangkit untuk Indonesia Maju", Hari Jadi Pertambangan dan Energi tahun ini merefleksikan semangat insan pertam-bangan dan energi untuk bangkit bersama menghadapi tantangan pandemi. "Meski target tahun ini sedikit terkoreksi, saya harap tidak akan mengendorkan semangat untuk tetap memberikan yang terbaik, terus menorehkan prestasi, mewujudkan Indonesia Maju," lanjutnya.

Arifin mengakui turunnya permintaan energi telah menyebabkan lesunya beberapa komoditas di pasar global, namun berbagai upaya telah dilakukan Pemerintah guna mengerek kembali permintaan dan daya beli masyarakat, salah satunya melalui stimulus tarif listrik yang diberikan kepada lebih dari 33 juta pelanggan PLN, sesuai ketentuan yang ditetapkan. "Stimulus ekonomi ini bersifat sementara, menjadi pengeja-wantahan dari wujud kehadiran negara bagi masyarakat terdampak," tegas Arifin.

Selama setahun terakhir, berbagai catatan kinerja juga telah dicapai oleh Kementerian ESDM antara lain ditetapkannya UU Minerba baru, harga gas industri turun menjadi USD 6 per MMBTU, regulasi kontrak migas yang lebih fleksibel, hingga regulasi harga EBT yang siap diterbitkan. Meneruskan jejak keberhasilan penerapan B30,...


Continuing the track of the success of implementing B30, the Ministry of EMR is also reviewing the implementation of B40 which is expected to be completed by the end of this year.

In the provision of electricity, the electrification ratio has increased to 98.8 percent, while the installed capacity of national power plants to date has reached more than 71 Giga Watt (GW). This figure is an increase of 1.3 GW compared to the end of 2019 which was 69.7 GW.

In order to protect the people's economy, pro-people policies in the energy sector are also being promoted. One Price Fuel, distribution of LPG converter kits for small farmers and fishermen, construction of city gas networks, borehole clean water, and provision of access to electricity for people who have not enjoyed electricity at all. Approximately 50% of the Ministry of EMR budget is allocated for infrastructure development which is directly enjoyed by the small people. People's money goes back to the people. (KO)

Meneruskan jejak keberhasilan penerapan B30, Kementerian ESDM juga tengah mengkaji penerapan B40 yang diharapkan selesai akhir tahun ini.

Dalam penyediaan listrik, rasio elektri-fikasi telah meningkat menjadi 98,8 persen, sementara kapasitas terpasang pembangkit listrik nasional hingga saat ini telah mencapai lebih dari 71 Giga Watt

(GW). Angka ini naik 1,3 GW dibandingkan akhir tahun 2019 lalu sebesar 69,7 GW.

Dalam rangka melindungi ekonomi rakyat, kebijakan pro rakyat di sektor energi pun terus digalakkan. BBM Satu Harga, pembagian konverter kit LPG untuk petani dan nelayan kecil, pembangunan jaringan gas kota, sumur bor air bersih hingga penyediaan akses listrik masyarakat yang belum menikmati listrik sama sekali.

Sekitar 50% anggaran Kementerian ESDM dialokasikan untuk pembangunan infra-struktur yang dinikmati langsung oleh rakyat kecil. Uang rakyat kembali ke rakyat. (KO)

IMA: Small and medium miners suffer a loss from nickel

transactions at prices below HPM

Reporter: Dimas Andi | Editor: Handoyo

THE ISSUE of the nickel trading system in Indonesia has not yet ended. This is after the news that nickel miners are still selling nickel ore to smelter owners at a price that is below the Mineral Reference Price (HPM).

IMA: Penambang kecil dan menengah dirugikan transaksi nikel dengan harga di bawah

HPM Reporter: Dimas Andi | Editor: Handoyo

MASALAH tata niaga nikel di Indonesia belum kunjung usai. Hal ini setelah adanya kabar bahwa penambang nikel masih menjual bijih nikel ke pemilik smelter dengan harga yang di bawah Harga Patokan Mineral (HPM).


The Acting Executive Director of the Indonesian Mining Association (IMA), Djoko Widajatno, spoke up on the matter. According to him, this will clearly be detrimental to the miners from a financial point of view because the production costs are more or less the same as the selling price, or even lower.

So far, the nickel miners who have been forced to sell their nickel ore products at prices below HPM are small to medium miners. On the other hand, entrepreneurs or large miners generally have their own smelters so that they are relatively spared from such practices.

The position of the small and medium nickel mining entrepreneurs is indeed very difficult because they are unable to build a smelter. "It has been suggested that these small miners be merged, but because there are differences in interests and expectations, it is very difficult to do so," said Djoko, Friday (25/9).

This condition causes the tendency of small nickel miners to comply with the wishes of the owners of capital, in this case the smelter owners, so they sell nickel ore at a low price.

It is also not surprising that nickel miners are forced to sell their mining products cheaply to middlemen who are none other than the collaborators of capital owners or smelters.

In fact, the government through the Coordinating Ministry for Maritime Affairs and Investment recently formed a HPM Supervisory Team to prevent and overcome nickel ore transactions at prices below the applicable HPM. However, the effectiveness and performance of the team are still in doubt.

"There is supervision, but is it capable of law enforcement? So far, law enforcement has often been blunt upward, but sharp downward," said Djoko.

Pelaksana Harian Direktur Eksekutif Indonesia Mining Association (IMA) Djoko Widajatno angkat bicara mengenai masalah tersebut. Menurutnya, hal itu jelas akan merugikan para penambang dari sisi finansial karena biaya produksi menjadi kurang lebih sama dengan harga jual, atau bahkan lebih rendah.

Sejauh ini, penambang nikel yang terpaksa menjual produk bijih nikelnya dengan harga di bawah HPM adalah para penambang kecil sampai menengah. Di sisi lain, pengusaha atau penambang besar umumnya memiliki smelter sendiri sehingga relatif terhindar dari praktik demikian.

Posisi para pengusaha tambang nikel kecil dan menengah ini memang serba sulit lantaran tidak mampu membuat smelter. “Memang pernah diusulkan agar para penambang kecil ini disatukan atau merger, tapi karena ada perbedaan kepentingan dan harapan, maka sangat sukar dilakukan,” ungkap Djoko, Jumat (25/9).

Kondisi tersebut menimbulkan kecen-derungan penambang nikel kecil terpaksa menuruti kemauan pemilik modal, dalam hal ini adalah pemilik smelter, sehingga mereka menjual bijih nikel dengan harga yang murah.

Bukan hal yang mengejutkan pula apabila para penambang nikel terpaksa menjual hasil tambangnya dengan murah kepada para tengkulak yang tak lain adalah kaki tangan pemilik modal atau smelter.

Sebenarnya pemerintah melalui Kemenko Maritim dan Investasi belum lama ini membentuk Tim Pengawas HPM untuk mencegah dan menanggulangi transaksi bijih nikel dengan harga di bawah HPM yang berlaku. Namun, efektivitas dan kinerja tim tersebut masih diragukan.

“Pengawasan memang ada, tapi apakah mampu melakukan law enforcement. Karena selama ini penegakan hukum kerap tumpul ke atas, tapi tajam ke bawah,” ujar Djoko.


He also advised the government to imme-diately make a Government Regulation in Lieu of Law (Perppu) to replace the Minister of EMR Regulation No. 11 of 2020 concerning Complying with the Method of Setting the Benchmark Price for Metal Minerals and Coal. This is in order to create rules with clear and firm legal sanctions against HPM violators.

Dia pun menyarakan kepada pemerintah untuk segera membuat Peraturan Peme-rintah Pengganti Undang-Undang (Perppu) untuk menggantikan Peraturan Menteri ESDM No. 11 Tahun 2020 tentang Taat Cara Penetapan Harga Patokan Mineral Logam dan Batubara. Hal ini supaya tercipta aturan dengan sanksi hukum yang jelas dan tegas kepada pelanggar HPM.

About PKP2B Subsidiary, Bumi Resources (BUMI) Waiting for

New PP Lorenzo Anugrah Mahardhika

PT BUMI Resources Tbk (BUMI) is waiting

for new provisions concerning the Implementation of Mineral and Coal Mining Business Activities.

This is a determinant in the work plan of BUMI's subsidiary, PT Arutmin Indonesia. Arutmin's Coal Mining Work Agreement (PKP2B) will expire on November 1, 2020.

Bumi Resources Director and Corporate Secretary Dileep Srivastava said his party was still waiting for the issuance of a new Government Regulation (PP) concerning the Implementation of Mineral and Coal Mining Business Activities.

In addition, he was also unable to confirm that there would be a reduction in the number of mining areas in the Special Mining Business Permit (IUPK) which would later be issued. Likewise, the mine expansion plan is still awaiting completion of the provisions from the government.

"We have not been able to provide more information. Currently,...

Soal PKP2B Anak Usaha, Bumi Resources (BUMI) Tunggu PP

Baru Lorenzo Anugrah Mahardhika

PT BUMI Resources Tbk (BUMI) tengah menunggu ketentuan baru tentang Pelak-sanaan Kegiatan Usaha Pertambangan Mineral dan Batu Bara.

Hal ini menjadi penentu dalam rencana kerja entitas anak BUMI, PT Arutmin Indonesia. Perjanjian Karya Pertambangan Batu Bara (PKP2B) Arutmin akan habis pada 1 November 2020.

Director dan Corporate Secretary Bumi Resources Dileep Srivastava mengatakan, pihaknya masih menunggu penerbitan Peraturan Pemerintah (PP) baru tentang Pelaksanaan Kegiatan Usaha Pertam-bangan Mineral dan Batu Bara.

Selain itu, ia juga belum dapat memastikan adanya pengurangan jumlah wilayah pertambangan pada Izin Usaha Pertam-bangan Khusus (IUPK) yang nantinya akan diterbitkan. Serupa, rencana ekspansi tambang pun juga masih menunggu penye-lesaian ketentuan dari pemerintah.

"Kami belum dapat memberikan informasi lebih banyak. Saat ini,...

https://www.bisnis.com/user/671/lorenzo.anugrah.mahardhika

https://search.bisnis.com/?q=bumi+resources


Currently, the company is still waiting for confirmation of a new regulation from the government to be converted into an IUPK," he told Bisnis, Friday (25/9/2020).

Previously, the Ministry of Energy and Mineral Resources (MEMR) noted that until August 2020, three companies holding PKP2B applied for an extension to become a Special Mining Business License (IUPK) to continue operations.

Based on the material presented by the Director General of Mineral and Coal at the Ministry of EMR in a hearing with Commission VII DPRI RI last August, there are three companies that have submitted extensions, one of which is Arutmin.

The EMR Ministry is still evaluating the applications of the three companies. For PT Arutmin Indonesia, the Ministry of EMR has evaluated the application documents and company performance.

Based on the results of the evaluation, Arutmin's performance is considered good. Currently, the Ministry of EMR is in the process of evaluating Arutmin's entire area development plan (RPSW). Editor: Rivki

Maulana

Saat ini, perusahaan masih menunggu konfirmasi peraturan baru dari pemerintah untuk dikonversi menjadi IUPK," katanya kepada Bisnis, Jumat (25/9/2020).

Sebelumnya, Kementerian Energi dan Sumber Daya Mineral (ESDM) mencatat hingga Agustus 2020, terdapat tiga per-usahaan pemegang PKP2B mengajukan permohonan perpanjangan menjadi Izin Usaha Pertambangan Khusus (IUPK) untuk melanjutkan operasi.

Berdasarkan bahan paparan Direktur Jenderal Minerba Kementerian ESDM dalam rapat dengar pendapat dengan Komisi VII DPRI RI Agustus lalu, ada tiga perusahaan yang telah mengajukan perpanjangan, salah satunya Arutmin.

Kementerian ESDM masih melakukan evaluasi permohonan ketiga perusahaan tersebut. Untuk PT Arutmin Indonesia, Kementerian ESDM telah melakukan evaluasi atas dokumen permohonan dan kinerja perusahaan.

Berdasarkan hasil evaluasi kinerja Arutmin dinilai baik. Saat ini, Kementerian ESDM tengah melakukan proses evaluasi rencana pengembangan seluruh wilayah (RPSW) Arutmin. Editor : Rivki Maulana

Bukit Asam's 'capex' absorption is low

Thereis Love Kalla ([email protected])

PT BUKIT Asam Tbk (PTBA) has absorbed a capital expenditure (capex) budget of around Rp 1 trillion until the first semester of 2020. This realization is equivalent to 25% of this year's total budget of Rp 4 trillion.

Penyerapan 'Capex' Bukit Asam Rendah

Thereis Love Kalla ([email protected])

PT BUKIT Asam Tbk (PTBA) telah menyerap anggaran belanja modal (capital expenditure/capex) sekitar Rp 1 triliun hingga semester I-2020. Realisasi tersebut setara 25% dari total anggaran tahun ini Rp 4 triliun.


Bukit Asam President Director Arviyan Arifin said most of the capex was absorbed to finance the construction of the South Sumatra 8 steam power plant (PLTU) project. The progress of the project, which is targeted to be completed in the first quarter of 2022, has reached 65% and is targeted for completion by the end of this year.

"Part of the capex is used for routine investments, which are logistics and business development in nature. Also for the progress of the Sumsel 8 project and operational gasification. The rest is for Tarahan Port (Peltar) and Kertapati, Palembang units," said Arviyan in a Corporate Action event on Berita Satu TV recently.

He said the low absorption of capital expenditures until the first semester of 2020 was influenced by a number of efficiencies carried out by the company. As is known, the Covid-19 pandemic which resulted in lockdowns in several countries had a negative impact on coal demand, thus suppressing financial performance in the first quarter of 2020.

These factors encourage the company to implement a number of efficiencies in production operations in anticipation of this decline in demand. This efficiency has an impact on the absorption of capital spending.

He added that the company has carried out a business transformation by building a coal gasification plant that produces dimethyl ether (DME). The supply of DME will be to meet LPG needs, PT Pertamina, which has been importing dominant so far. The project also collaborates with Air Products and Chemical Inc. as a technology provider.

Direktur Utama Bukit Asam Arviyan Arifin mengatakan, sebagian besar capex diserap untuk membiayai pembangunan proyek pembangkit listrik tenaga uap (PLTU) Sumsel 8. Progres pengerjaan proyek yang ditargetkan rampung pada kuartal I-2022 telah mencapai 65% dan ditargetkan selesai akhir tahun ini.

“Sebagian capex digunakan untuk investasi rutin, yang sifatnya logistik dan pengembangan usaha. Teruntuk juga progres proyek Sumsel 8 dan gasifikasi operasional. Sisanya untuk unit Pelabuhan Tarahan (Peltar) maupun Kertapati, Palembang,” ujar Arviyan dalam acara Corporate Action di Berita Satu TV, baru-baru ini.

Dia mengatakan, rendahnya penyerapan belanja modal hingga semester I-2020 tersebut dipengaruhi oleh sejumlah efisiensi yang dilaksanakan perseroan. Sebagaimana diketahui, pandemi Covid-19 yang mengakibatkan lockdown di beberapa negara berimbas negatif terhadap per-mintaan batu bara, sehingga menekan kinerja keuangan pada kuartal pertama 2020.

Faktor tersebut mendorong perseroan untuk menerapkan sejumlah efisiensi dalam operasional produksi sebagai antisipasi penurunan permintaan tersebut. Efisiensi tersebut berimbas terhadap penyerapan belanja modal.

Dia menambahkan, perseroan telah melakukan transformasi bisnis dengan membangun pabrik gasifikasi batu bara yang menghasilkan dimetil eter (DME). Pasokan DME nantinya untuk memenuhi kebutuhan LPG, PT Pertamina yang selama ini masih dominan impor. Adapun proyek ini juga bekerja sama dengan Air Products and Chemical Inc sebagai penyedia teknologi.


"So if this factory is successfully developed in

the next three to four years, the dependence

on imports of Indonesian LPG will decrease,

thus saving foreign exchange reserves and

growing the domestic industry, as well as

utilizing our low calorie coal which has been

difficult to use," said Arviyan.

In order to reduce logistics costs, the company has collaborated with Pelindo II to make river transportation a mode of transportation to carry the company's production. With this cooperation, it is hoped that it can increase the company's capacity in the future. "We hope that the volume target can reach 20-30 million tons per year, depending on the barging capacity which is currently being studied," said Arfiyan.

On the other hand, the company has also taken steps to produce renewable energy in collaboration with PT Angkasa Pura II, to build solar panels on the roof of the Airport Operation Control Center (AOCC) Building at Soekarno Hatta Airport Tangerang, Banten. The installation of solar panels will continue at other Angkasa Pura airports, to realize the transformation of renewable energy. Editor: Jauhari Mahardhika ([email protected])

“Jadi kalau pabrik ini berhasil dikembangkan dalam tiga sampai empat tahun ke depan, ketergantungan impor LPG Indonesia akan berkurang, sehingga menghemat cadangan devisa dan menumbuhkan industri dalam negeri, serta memanfaatkan batubara kalori rendah kami yang selama ini masih sulit dimanfaatkan penggunaannya,” jelas Arviyan.

Guna menekan biaya logistiknya, perseroan telah bekerja sama dengan Pelindo II untuk menjadikan angkutan sungai sebagai moda transportasi untuk membawa hasil produksi perseroan. Dengan kerja sama ini, di-harapkan dapat mendorong penambahan kapasitas perseroan untuk kedepannya. “Kami harapkan sekitar target volumenya bisa mencapai 20-30 juta ton per tahun, tergantung kapasitas tongkang yang saat ini tengah dipelajari,” ujar Arfiyan.

Di sisi lain, langkah untuk memproduksi energi terbarukan, juga telah dilakukan perseroan dengan bekerja sama dengan PT Angkasa Pura II, untuk membangun solar panel pada atap Gedung Airport Operation Control Center (AOCC) Bandara Soekarno Hatta Tangerang, Banten. Pemasangan solar panel akan berlanjut pada bandara milik Angkasa Pura lainnya, untuk mewujudkan transformasi energi terbarukan. Editor : Jauhari Mahardhika ([email protected])

Geologists Propose Reserves Resilience Fund 5% of Profit

Wilda Asmarini, CNBC Indonesia

THE ASSOCIATION of Indonesian Geologists

(IAGI) proposes the Mineral and Coal Resilience Fund (DKC) in the Draft Govern-ment Regulation on the Implementation of Coal Mining Business Activities at 5% of company profits or 1% of company revenues.

Ahli Geologi Usulkan Dana Ketahanan Cadangan 5% dari Laba

Wilda Asmarini, CNBC Indonesia

IKATAN Ahli Geologi Indonesia (IAGI) meng-

usulkan Dana Ketahanan Cadangan (DKC) mineral dan batu bara dalam Rancangan Peraturan Pemerintah tentang Pelaksanaan Kegiatan Usaha Pertambangan Batubara sebesar 5% dari keun-tungan perusahaan atau 1% dari pendapatan perusahaan.


This was conveyed in the IAGI press release on Friday (25/09/2020).

"The DKC proposal of 5% of corporate profit or 1% of corporate revenue, is still limited to the proposal whose final value remains open, according to the development of discussions with the relevant Ministries, especially during the preparation of PP," he said. IAGI's press release.

This Reserve Resilience Fund is needed to increase national exploration activities. Moreover, exploration activities in Indonesia during the last 10 years are considered to have continued to decline, especially for exploration of new working areas (green field exploration). Currently, the investment value for development exploration is said to be greater than green field exploration.

"If this condition is not well anticipated, with the depletion of existing mineral and coal resources and reserves, then the earth's resources will not be able to support industry and future energy security."

Because the length of time required to produce this mining commodity, which is about five to 10 years from the discovery of reserves to the production operation stage, while the discovery of new resources and reserves is very important for national inventories, exploration activities for whatever reason "become an urgent imperative for done."

And the Mineral and Coal Resilience Fund is a "door" to stimulate and enlarge this exploration.

Previously, the Acting Executive Director (Plt) of the Indonesian Mining Association (IMA) Djoko Widajatno Soewanto said that the IMA generally accepted the regulatory plan regarding the Resilience Fund Resilience which is currently being drafted in the Minerba RPP.

Hal tersebut disampaikan dalam siaran pers IAGI pada Jumat (25/09/2020).

"Usulan DKC sebesar 5% dari corporate profit (laba perusahaan) atau 1% dari corporate revenue (pendapatan perusahaan), masih sebatas pada usulan yang nilai final besarannya tentu tetap terbuka, sesuai perkembangan diskusi dengan Kementerian terkait, khususnya selama penyusunan PP," ungkap siaran pers IAGI tersebut.

Dana Ketahanan Cadangan ini diperlukan guna meningkatkan kegiatan eksplorasi nasional. Apalagi, aktivitas eksplorasi di Indonesia selama 10 tahun terakhir ini dianggap terus menurun, khususnya untuk eksplorasi wilayah kerja baru (green field exploration). Saat ini nilai investasi eksplo-rasi pengembangan disebut lebih besar dibandingkan green field exploration.

"Kalau kondisi ini tidak diantisipasi dengan baik, dengan menipisnya sumber daya dan cadangan mineral dan batu bara yang ada, maka sumber daya kebumian tidak akan mampu mendukung industri dan ketahanan energi ke depannya."

Karena lamanya waktu yang dibutuhkan untuk memproduksi komoditas tambang ini, yakni sekitar lima sampai 10 tahun sejak penemuan cadangan sampai tahap operasi produksi, sementara penemuan sumber daya dan cadangan baru sangat penting untuk inventori nasional, maka kegiatan eksplorasi apapun alasannya "menjadi suatu keharusan yang mendesak untuk dilakukan."

Dan Dana Ketahanan Cadangan minerba ini merupakan "pintu" untuk menggerakkan dan memperbesar eksplorasi ini.

Sebelumnya, Pelaksana Tugas (Plt) Direktur Eksekutif Asosiasi Pertambangan Indonesia (Indonesia Mining Association/ IMA) Djoko Widajatno Soewanto mengatakan pihak IMA pada umumnya menerima rencana aturan tentang Dana Ketahanan Cadangan yang kini tengah disusun dalam RPP Minerba.


According to him, this is because in terms of economics, this reserve resilience fund must exist.

Theoretically, according to him the amount could be around 3-5% of the company's net profit, it's just that this is stored in the company's account. However, if it is based on Law No.3 of 2020 concerning Minerals and Coal, this will be kept in the state treasury.

However, he highlighted that the mechanism for disbursement as well as financial management and use of these funds must be clarified.

"IMA generally accepts this because according to economics there must be. What needs to be considered is the PP (Government Regulation) that makes disbursement easier, this needs to be clarified, as well as the requirements for the use of these funds whether it is managed by companies such as reclamation guarantees and mine closure guarantees. financial management must clearly enter and use it," he explained to CNBC Indonesia on Friday (25/09/2020).

Based on Article 112A of Law No.3 of 2020 concerning Minerba, "Holders of IUP or IUPK at the stage of production operations are required to provide mineral and coal reserve resilience funds."

Mineral and coal reserve resilience funds are used for activities to discover new reserves. Further provisions regarding mineral and coal reserve resilience funds shall be regulated in a Government Regulation.

Meanwhile, based on the document of the Draft Government Regulation concerning the Implementation of Mineral and Coal Mining Business Activities that CNBC Indonesia obtained, Article 49 states that "In implementing further exploration activities,...

Hal ini menurutnya karena dari sisi ilmu ekonomi, dana ketahanan cadangan ini memang harus ada.

Secara teoritis, menurutnya besarannya bisa sekitar 3-5% dari keuntungan bersih perusahaan, hanya saja ini disimpan di akun rekening perusahaan. Namun jika berdasarkan pada UU No 3 Tahun 2020 tentang Mineral dan Batu Bara, ini akan disimpan pada kas negara.

Meski demikian, dia menyoroti mekanisme pencairan serta tata kelola keuangan dan penggunaan dana ini harus diperjelas.

"IMA pada umumnya menerima hal ter-sebut karena menurut ilmu ekonomi harus ada. Yang perlu diperhatikan adalah PP (Peraturan Pemerintah) yang memper-mudah pencairannya, ini yang perlu diperjelas, serta persyaratan pemakaian dana tersebut apakah dikelola perusahaan seperti jaminan reklamasi, jaminan penutupan tambang. Masalah tata kelola keuangan harus jelas masuk dan peng-gunaannya," jelasnya kepada CNBC Indonesia pada Jumat (25/09/2020).

Berdasarkan Pasal 112A UU No.3 tahun 2020 tentang Minerba, "Pemegang IUP atau IUPK pada tahap kegiatan operasi produksi wajib menyediakan dana ketahanan cadangan mineral dan batu bara."

Dana ketahanan cadangan mineral dan batu bara digunakan untuk kegiatan penemuan cadangan baru. Ketentuan lebih lanjut mengenai dana ketahanan cadangan mineral dan batu bara diatur dengan Peraturan Pemerintah.

Sementara berdasarkan dokumen Rancangan Peraturan Pemerintah tentang tentang Pelaksanaan Kegiatan Usaha Pertambangan Mineral dan Batu Bara yang CNBC Indonesia peroleh, dalam Pasal 49 disebutkan bahwa "Dalam pelaksanaan kegiatan eksplorasi lanjutan,...


"In implementing further exploration activities, IUP holders in the production operation stage are obliged to allocate a budget every year as a mineral reserve resilience fund and coal."

The amount of mineral and coal reserves resilience funds is proposed in the annual RKAB. Further provisions regarding advanced exploration procedures and mineral and coal reserve resilience funds shall be regulated in a Ministerial Regulation. (wia)

"Dalam pelaksanaan kegiatan eksplorasi lanjutan, pemegang IUP tahap kegiatan operasi produksi wajib mengalokasikan anggaran setiap tahun sebagai dana keta-hanan cadangan mineral dan batu bara."

Adapun besaran dana ketahanan cadangan mineral dan batu bara diusulkan dalam RKAB tahunan. Ketentuan lebih lanjut mengenai tata cara eksplorasi lanjutan dan dana ketahanan cadangan mineral dan batu bara diatur dengan Peraturan Menteri. (wia)

Freeport and Kideco Become Petrosea (PTRO) Performance

Support Ria Theresia Situmorang

ISSUER mining contractor PT Petrosea

Tbk. (PTRO) managed to record profit growth despite being blocked by the Covid-19 pandemic earlier this year.

Based on the company's financial reports as of June 2020, published on the website of the daily Bisnis Indonesia, the Friday edition (25/9/2020), the issuer coded PTRO shares posted a net profit of US$

9.06 million, growing 17.62 percent annually compared to the same period last year ago.

However, the company's revenue decreased 26.12 percent annually to US$ 175.9 million in that period.

The growth in net profit was due to the company's efforts to cut direct operating expenses by 30.88 percent annually to US$ 144.02 million and receive net tax benefits of US$ 2.41 million.

Freeport dan Kideco Jadi Penopang Kinerja Petrosea

(PTRO) Ria Theresia Situmorang

EMITEN kontraktor pertambangan PT

Petrosea Tbk. (PTRO) berhasil mencatatkan pertumbuhan laba kendati dihadang oleh pandemi Covid-19 pada awal tahun ini.

Berdasarkan laporan keuangan perseroan per Juni 2020 yang dipublikasikan melalui laman harian Bisnis Indonesia edisi Jumat (25/9/2020), emiten berkode saham PTRO tersebut membukukan laba bersih US$9,06

juta, tumbuh 17,62 persen secara tahun dibandingkan periode yang sama tahun lalu.

Kendati demikian, pendapatan perseroan tergerus 26,12 persen secara tahunan men-jadi US$175,9 juta pada periode tersebut.

Pertumbuhan laba bersih tersebut sejatinya disebabkan oleh usaha perseroan me-mangkas beban usaha langsung 30,88 persen secara tahunan menjadi US$144,02 juta dan menerima manfaat pajak bersih

sebesar US$2,41 juta.

https://www.bisnis.com/user/654/ria.theresia.situmorang

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




Thus, PTRO's basic earnings per share or earnings per share in that period reached US$ 0.009 per share.

Meanwhile, the company's largest revenue came from mining contract revenue, which amounted to 59.12 percent of total revenue.

During the last six months, a subsidiary of PT Indika Energy Tbk. (INDY) did receive an increase in revenue from PT Kideco Jaya Agung and PT Freeport Indonesia, which contributed 31.72 percent and 31.51 percent respectively of the total revenue at the beginning of this year.

Meanwhile, the company's liability account contracted 6.11 percent compared to the end of last year to US$ 317.8 million, followed by a slight decrease in the equity post of 0.2 percent compared to the December 2019 period to US$ 212.14 million.

This in turn caused the company's total assets to also decrease by 3.83 percent compared to the year-end period to US$ 529.94 million.

Finally, the company's cash and cash equivalents at the end of the period ballooned 94.28 percent annually to US$ 106.75 million. Editor: Hafiyyan

Dengan demikian, laba per saham dasar atau earning per share PTRO pada periode tersebut mencapai US$0,009 per saham.

Adapun, pendapatan terbesar perseroan berasal dari pendapatan kontrak penam-bangan yakni sebesar 59,12 persen dari total pendapatan.

Selama enam bulan terakhir, anak usaha dari PT Indika Energy Tbk. (INDY) tersebut memang memperoleh peningkatan penda-patan dari PT Kideco Jaya Agung dan PT Freeport Indonesia yang masing-masing menyumbang 31,72 persen dan 31,51 persen dari total pendapatan pada awal tahun ini.

Sementara itu, pos liabilitas perseroan terkontraksi 6,11 persen dibandingkan periode akhir tahun lalu menjadi US$317,8 juta, diikuti dengan penurunan tipis pos ekuitas 0,2 persen dibandingkan periode Desember 2019 menjadi US$212,14 juta.

Hal ini pada akhirnya membuat jumlah aset perseroan juga tergerus 3,83 persen dibandingkan periode akhir tahun menjadi US$529,94 juta.

Terakhir, kas dan setara kas akhir periode perseroan menggelembung 94,28 persen secara tahunan menjadi US$106,75 juta. Editor : Hafiyyan

APNI: Nickel miners have difficulty selling products

according to the benchmark price to smelter owners

Reporter: Dimas Andi | Editor: Khomarul Hidayat

THE CHAOTIC over the country's nickel

trading system has not yet ended.

APNI: Penambang nikel kesulitan jual produk sesuai harga patokan ke pemilik

smelter Reporter: Dimas Andi | Editor: Khomarul

Hidayat

KISRUH seputar tata niaga nikel tanah air

belum kunjung usai.


This is after nickel ore miners still have difficulty selling their products to local smelter owners at prices that match the minimum benchmark price (HPM).

APNI Secretary General Meidy Katrin Lengkey admitted that until now, smelter owners are still reluctant to carry out nickel ore buying and selling transactions according to HPM which is regulated by the Minister of EMR Regulation No.11 of 2020 which also regulates the domestic nickel trade system.

In fact, recently the government through the Coordinating Ministry for Maritime Affairs and Investment has formed a task force to supervise the trade system and domestic nickel prices. On paper, the existence of the task force should have implemented all the rules regarding nickel buying and selling transactions that refer to HPM, but in fact this is not the case.

"The HPM Task Force has not been effective, because there is no supervision in the contract," Meidy added, Saturday (26/9).

He also claimed that nickel ore miners still pay their obligations to the state in the form of royalties and income tax (PPH) according to HPM regulations. However, the nickel ore sale and purchase contract between the miner and the smelter owner is not in accordance with the applicable HPM.

Meidy hopes that in the future, the coordination must also be carried out between the HPM supervisory task force and local governments that have nickel mining areas and their downstream industries or smelters.

"The task force must be firm and tougher against smelters who are wayward against the regulations issued by the government," she said.

Hal ini setelah para penambang bijih nikel masih kesulitan menjual produknya kepada pemilik smelter lokal dengan harga yang sesuai dengan harga patokan minimal (HPM).

Sekretaris Jenderal APNI Meidy Katrin Lengkey mengaku, hingga kini para pemilik smelter masih enggan melakukan transaksi jual-beli bijih nikel sesuai HPM

yang diatur lewat Peraturan Menteri ESDM No 11 Tahun 2020 yang turut mengatur tata niaga nikel domestik.

Padahal, belum lama ini pemerintah lewat Kemenko Maritim dan Investasi sudah membentuk satuan tugas (satgas) pengawas tata niaga dan harga nikel domestik. Di atas kertas, keberadaan satgas tersebut harusnya segala aturan mengenai transaksi jual-beli nikel yang

mengacu pada HPM bisa terlaksana dengan baik, namun faktanya tidak demikian.

"Satgas HPM belum efektif, karena tidak adanya pengawasan dalam kontrak," imbuh Meidy, Sabtu (26/9).

Dia pun mengklaim, para penambang bijih nikel tetap membayar kewajiban ke negara baik berupa royalti maupun pajak peng-hasilan (PPH) sesuai ketentuan HPM. Akan tetapi, kontrak jual-beli bijih nikel antara

penambang dengan pemilik smelter justru tidak sesuai HPM yang berlaku.

Meidy berharap, ke depannya koordinasi mesti dilakukan pula antara satgas pengawas HPM dengan pemerintah daerah yang memiliki kawasan pertambangan nikel beserta industri hilirnya atau smelter.

"Satgas harus tegas dan lebih keras lagi terhadap smelter yang bandel terhadap aturan yang diterbitkan pemerintah," tandas dia.


Previously, the Acting Executive Director of the Indonesia Mining Association (IMA), Djoko Widajatno, explained that the widespread practice of buying and selling nickel ore between miners and smelter owners at prices below HPM would clearly be detrimental to the miners' financial condition. This is because their production costs have become more or less the same

as the selling price, or even lower.

He also admitted that so far, the nickel miners who have been forced to sell their nickel ore products at prices below HPM are small to medium miners. On the other hand, entrepreneurs or large miners generally have their own smelters so that they are relatively spared from such practices.

Sebelumnya, Pelaksana Harian Direktur Eksekutif Indonesia Mining Association (IMA) Djoko Widajatno menjelaskan, maraknya praktik transaksi jual-beli bijih nikel antara penambang dan pemilik smelter dengan harga di bawah HPM jelas bakal merugikan kondisi finansial para penambang. Sebab, biaya produksi mereka menjadi kurang lebih sama dengan harga

jual, atau bahkan lebih rendah.

Dia juga mengaku bahwa sejauh ini, penambang nikel yang terpaksa menjual produk bijih nikelnya dengan harga di bawah HPM adalah para penambang kecil sampai menengah. Di sisi lain, pengusaha atau penambang besar umumnya memiliki smelter sendiri sehingga relatif terhindar dari praktik demikian.

PT Timah Ready to Pay Off Rp600 Billion Bonds

By: Ahmad Nabhani

CUT the debt burden and also show the

existence that PT Timah Tbk (TINS) is still carrying out positive business continuity amid the increasing trend of default corporate debt securities, the company said it is ready to pay principal and interest on bonds that will mature in the near future to reach Rp 600 billion.

PT Timah Tbk in its press release in Jakarta yesterday conveyed the readiness of funds to pay off the principal of sustainable bonds I Timah phase I 2017 series A and continuous sukuk ijarah I Timah phase I 2017 series A which will mature on September 28, 2020. The company disclosed,...

PT Timah Siap Lunasi Obligasi Rp600 Miliar

Oleh: Ahmad Nabhani

PANGKAS beban utang dan juga me-

nunjukkan eksistensi bahwa PT Timah Tbk (TINS) masih menjalankan keberlang-sungan usaha yang positif ditengah tren meningkatnya surat utang korporasi gagal bayar, perseroan menyatakan siap mem-bayar pokok dan bunga obligasi yang akan jatuh tempo dalam waktu dekat hingga mencapai Rp600 miliar.

PT Timah Tbk dalam siaran persnya di Jakarta, kemarin menyampaikan, kesiapan dana untuk melunasi pokok obligasi berkelanjutan I Timah tahap I tahun 2017 seri A dan sukuk ijarah berkelanjutan I Timah tahap I tahun 2017 seri A yang akan jatuh tempo pada 28 September 2020. Perseroan mengungkapkan,...


The company disclosed, the funds for the payment of principal and interest on sustainable bonds I Timah phase I 2017 series A and sukuk ijarah I Timah stage I 2017 series A are available in the company's bank account.

Meanwhile, the continuous bonds I Timah phase I 2017 series A have a principal value of bonds worth Rp 480 billion with a gross interest of R10.2 billion. Meanwhile, the Sukuk Ijarah I Timah phase I 2017 series A has a principal value of Rp 120 billion with a gross interest of Rp 2.55 billion. Thus, the total principal value of bonds to be paid by TINS is Rp 600 billion with a total gross interest of Rp 12.75 billion.

Payment of bonds and sukuk to PT Kustodian Sentral Efek Indonesia (KSEI) will be made no later than September 25, 2020. Just so you know, the improvement in commodity prices on world markets in the second half of this year is a big hope for PT Timah Tbk to reverse its financial performance. better than in the first half of 2020. For information, the company recorded a net loss in the second quarter of Rp390.07 billion, down from the first quarter's position of Rp412.86 billion.

The Finance Director of PT Timah Tbk, Wibisono believes that in the second half of this year the price of refined tin will improve and help restore the world tin market. "We are optimistic that refined tin prices will recover in the second half of 2020. This will have a positive impact on company performance," he said.

Refined tin prices on the London Metal Exchange (LME) have gradually improved with an average price in June 2020 of US$ 17.12 or an increase of 9% compared to the previous month. This positive signal fosters optimism that the world tin market will recover after being hit for a while due to Covid-19. As the world's largest tin producer,...

Perseroan mengungkapkan, dana untuk pem-bayaran pokok dan bunga obligasi ber-kelanjutan I Timah tahap I tahun 2017 seri A dan sukuk ijarah berkelanjutan I Timah tahap I tahun 2017 seri A telah tersedia di rekening bank milik perseroan.

Adapun, obligasi berkelanjutan I Timah tahap I tahun 2017 seri A memiliki nilai pokok obligasi senilai Rp480 miliar dengan bunga gross sebesar Rp10,2 miliar. Sementara itu, sukuk ijarah berkelanjutan I Timah tahap I tahun 2017 seri A memiliki nilai pokok Rp120 miliar dengan bunga gross Rp2,55 miliar. Dengan demikian, total nilai pokok obligasi yang akan dibayarkan TINS sebesar Rp600 miliar dengan total bunga gross sebesar Rp12,75 miliar.

Pembayaran obligasi dan sukuk itu kepada PT Kustodian Sentral Efek Indonesia (KSEI) dilakukan paling lambat pada 25 September 2020. Asal tahu saja, adanya perbaikan harga komoditas di pasar dunia pada semester kedua tahun ini menjadi harapan besar bagi PT Timah Tbk bisa membalikkan kinerja keuangan lebih baik lagi dibandingkan pada semester pertama 2020. Sebagai informasi, perseroan mencatat rugi bersih di kuartal dua sebesar Rp390,07 miliar atau turun dari posisi kuartal I sebesar Rp412,86 miliar.

Direktur Keuangan PT Timah Tbk, Wibisono meyakini pada paruh kedua tahun ini harga logam timah akan membaik dan membantu pemulihan pasar timah dunia. ”Kami optimis-tis bahwa harga logam timah akan pulih di semester II-2020. Ini akan berdampak positif terhadap kinerja perusahaan," ujarnya.

Harga logam timah di London Metal Exchange (LME) berangsur membaik dengan rata-rata harga pada Juni 2020 sebesar US$ 17,12 atau naik 9% dibandingkan bulan sebelumnya. Sinyal positif tersebut menum-buhkan optimisme akan pulihnya pasar timah dunia setelah terpukul beberapa waktu akibat Covid-19. Sebagai produsen terbesar timah dunia,...


As the world's largest tin producer, the company is one of the most popular brands in the tin industry with a registered trademark on the London Metal Exchange.

According to Wibisono, this is a competitive advantage for TINS in realizing its penetration strategy into new markets. In the first semester of 2020, PT Timah recorded tin ore production of 24,990 tonnes, down 47.3% compared to the same period last year of 47,423 tonnes. Metal production fell 26.2% to 27,833 tonnes and metal sales fell 0.3% to 31,508 tonnes.

Sebagai produsen terbesar timah dunia, perseroan menjadi salah satu merek yang paling digemari di industri timah dengan merek dagang yang sudah terdaftar di London Metal Exchange.

Menurut Wibisono, hal tersebut menjadi keunggulan kompetitif bagi TINS untuk mewujudkan strategi penetrasi ke pasar-pasar baru. Pada semester pertama 2020, PT Timah mencatat produksi bijih timah sebesar 24.990 ton atau turun 47,3% dibandingkan periode yang sama tahun sebelumnya 47.423 ton. Adapun produksi logam turun 26,2% menjadi 27.833 ton, serta penjualan logam

turun 0,3% menjadi 31.508 ton.

EMR Minister Calls Downstreaming as the Key to Optimizing Minerba Products

Inkana Putri - detikFinance

MINISTER of Energy and Mineral

Resources (MEMR) Arifin Tasrif said that currently downstreaming in the mineral and coal (minerba) sector is the key to optimizing mineral and coal mining products.

This is also in accordance with the mandate of Law Number 3 of 2020 concerning Amendments to Law Number 4 of 2009 concerning Mineral and Coal Mining to no longer export raw materials.

"In the (mining) sector, if we want to optimize the way is downstream, how can we utilize these raw materials into advanced products that have higher added value. This is what we have to do, increase added value by downstreaming," he said in a written statement, Thursday (9/24/ 2020).

Menteri ESDM Sebut Hilirisasi Jadi Kunci Optimalkan Produk

Minerba Inkana Putri - detikFinance

MENTERI Energi dan Sumber Daya Mineral (ESDM) Arifin Tasrif mengatakan saat ini hilirisasi di sektor mineral dan batubara (minerba) merupakan kunci pengoptimalan dari produk-produk pertambangan minerba.

Adapun hal ini juga sesuai dengan amanat Undang-Undang Nomor 3 tahun 2020 tentang Perubahan atas Undang-Undang Nomor 4 Tahun 2009 tentang Pertambangan Mineral dan Batubara untuk tidak lagi melakukan ekspor bahan mentah.

"Di sektor (pertambangan) ini memang kalau mau dioptimalkan jalannya adalah hilirisasi, bagaimana kita bisa memanfaatkan bahan-bahan mentah ini menjadi produk-produk lanjutan yang mempunyai nilai tambah yang lebih tinggi. Ini yang harus kita lakukan, meningkatkan nilai tambah dengan hilirisasi," ujarnya dalam keterangan tertulis, Kamis (24/9/2020).


According to him, this downstream policy must be responded to by its downstream industries. The reason is, this supporting industry will accommodate the results of products that have been downstream.

"We must respond to the downstream policy with downstream industries. This downstream industry is what we must develop to accommodate this," he

explained.

In the new mineral and coal law, Arifin said

it was required that there must be a downstream program so that every mineral and coal mining product must be

further processed. For example, for coal products, it can be processed into gas synthesis for petrochemical products, the calorific value is increased so that it can be used for the steel industries.

He also added that downstreaming would later become a mainstay for increasing state revenue in addition to taxes and coal. Coal gasification can also be used to meet gas needs for households.

Meanwhile, for minerals, there are copper,

nickel, gold, tin, bauxite and aluminum. All of them are raw materials for heavy industries that can be optimized domestically.

"These products are just halfway through

generating large foreign exchange. For

example, for nickel, US$ 10 billion has been

obtained from this product. Revenue from

these minerals will continue to grow as the

downstream industry grows to increase

the added value," he concluded.

For information, the downstream policy

for mining products is a national strategic

policy to increase added value and increase

state revenue. In 2022,...

Menurutnya, kebijakan hilirisasi ini harus direspon dengan industri-industri hilirnya. Pasalnya, industri pendukung inilah yang akan menampung hasil dari produk yang sudah di hilirisasi.

"Kita harus merespons kebijakan hilirisasi itu dengan industri-industri hilirnya, industri hilirnya inilah yang harus kita kembangkan untuk menampung ini," papar-nya.

Dalam undang-undang minerba yang baru, Arifin mengatakan sudah disyaratkan harus ada program hilirisasi sehingga setiap produk pertambangan minerba harus di-proses lebih lanjut. Misalnya untuk produk batubara, bisa diproses menjadi sintesis gas untuk produk-produk petrokimia, ditingkat-kan nilai kalorinya agar dapat digunakan untuk industri-industri baja.

Ia juga menambahkan hilirisasi nantinya akan menjadi andalan untuk meningkatkan penerimaan negara di samping pajak dan batubara. Gasifikasi batubara juga dapat digunakan untuk memenuhi kebutuhan gas untuk rumah tangga.

Sementara untuk mineral, terdapat tembaga, nikel, emas, timah, bauksit dan aluminium. Adapun seluruhnya merupakan bahan baku industri-industri berat yang bisa di-optimalkan pemanfaatannya di dalam negeri.

"Produk-produk tersebut baru separuh jalan saja sudah menghasilkan devisa yang besar. Misalnya untuk nikel, dari produk ini sudah didapat devisa sebesar US$ 10 miliar. Penerimaan dari mineral ini akan terus bertambah besar seiring tumbuhnya industri hilirisasi untuk meningkatkan nilai tambah itu," pungkasnya.

Sebagai informasi, kebijakan hilirisasi produk-produk pertambangan merupakan kebijakan strategis nasional untuk mening-katkan nilai tambah dan meningkatkan penerimaan negara. Di tahun 2022,...


In 2022, the Ministry of EMR projects 52 smelters to operate, consisting of 29 nickel smelters, 9 bauxite smelters, 4 iron smelters, 4 copper smelters, 2 manganese smelters, and 4 zinc and lead smelters. (akn/hns)

Di tahun 2022, Kementerian ESDM mem-proyeksikan terdapat 52 unit smelter yang akan beroperasi, terdiri dari 29 smelter nikel, 9 smelter bauksit, 4 smelter besi, 4 smelter tembaga, 2 smelter mangan, serta 4 smelter seng dan timbal. (akn/hns)

Indika Energy (INDY) posted a net loss of US$ 21.91 million in

the first half of 2020 Reporter: Akhmad Suryahadi | Editor: Anna

Suci Perwitasari

THE PERFORMANCE of PT Indika Energy Tbk (INDY) during the first six months of 2020 was under pressure. The proof, the company again had to print a net loss of US$ 21.91 million in the first half of 2020. Even though in the same period in 2019, INDY still posted a net profit of US$ 12.66 million.

Based on the company's financial state-ments, this loss is in line with the decline in INDY's topline performance. In the first six months of this year, the coal issuer's revenue was only US$ 1.13 billion, down 18.26% from the same period the previous year which reached US$ 1.38 billion.

When detailed, INDY's revenue consists of contract and service revenues of US$ 323.01 million, revenue from coal sales of US$ 795.53 million, and other trade revenues of US$ 10.36 million.

At the same time, a number of Indika Energy's expenses also decreased. Cost of contract and sales, for example, decreased 16.62% year-on-year to US$ 954.65 million from the previous US$ 1.14 billion until the end of June 2019. Financial expenses were also...

Indika Energy (INDY) cetak rugi bersih US$ 21,91 juta di

semester I-2020 Reporter: Akhmad Suryahadi | Editor: Anna

Suci Perwitasari

KINERJA PT Indika Energy Tbk (INDY) selama enam bulan pertama 2020 meng-alami tekanan. Buktinya, perusahaan kem-bali harus mencetak rugi bersih sebesar US$ 21,91 juta pada semester I-2020. Padahal di periode yang sama tahun 2019, INDY masih membukukan laba bersih senilai US$ 12,66 juta.

Berdasarkan laporan keuangan perusahaan, kerugian ini sejalan dengan turunnya kinerja topline INDY. Dalam enam bulan pertama tahun ini, pendapatan emiten batubara ini hanya US$ 1,13 miliar, turun 18,26% dari periode yang sama tahun sebelumnya yang capai US$ 1,38 miliar.

Bila dirinci, pendapatan INDY terdiri atas pendapatan kontrak dan jasa senilai US$ 323,01 juta, pendapatan dari segmen pen-jualan batubara senilai US$ 795,53 juta, dan perdagangan lainnya senilai US$ 10,36 juta.

Di saat yang bersamaan, sejumlah beban Indika Energy juga tercatat turun. Beban pokok kontrak dan penjualan misalnya, turun 16,62% secara year-on-year menjadi US$ 954,65 juta dari sebelumnya US$ 1,14 miliar hingga akhir Juni 2019. Beban keuangan juga...

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





Financial expenses were also observed to have decreased by 7.62% on an annual basis to become US$ 47.62 million in the first semester of 2020.

However, the general and administrative expenses of INDY, a member of the Kompas100 index, actually increased, from US$ 71.65 million to US$ 76.69 million at the end of June 2020.

As of June 30, 2020, INDY's total assets reached US$ 3.36 billion. This amount consists of liabilities of US$ 2.40 billion and equity of US$ 964.62 million. Meanwhile, Indika Energy's cash and cash equivalents in that period amounted to US$ 488.47 million or a decrease of 14.1%.

As of July 2020, INDY's realized coal production reached 20.4 million tons. Indika Energy's Head of Corporate Communications Ricky Fernando said this production consisted of PT Kideco Jaya Agung's production of 19.5 million tons of coal. This amount is almost the same as the realization of Kideco's production in the same period last year, which was 19.6 million tons.

Production figures were also contributed by other subsidiaries, namely PT Multi Tambang Utama (MUTU) which produced 900 thousand tons of coal as of July 2020. This realization was also the same as the amount produced in the same period in 2019.

Ricky emphasized that currently INDY has no plans to revise its production target. Until now, INDY's production target, a member of the Kompas100 index, is still in accordance with the target agreed by the government, namely 30.95 million tons, which is divided into two portions, namely Kideco of 29.65 million tons and MUTU of 1.3 million tons.

Beban keuangan juga terpantau turun 7,62% secara tahunan menjadi US$ 47,62 juta pada semester I-2020.

Namun, beban umum dan administrasi INDY, anggota indeks Kompas100 ini, malah naik, dari sebelumnya US$ 71,65 juta menjadi US$ 76,69 juta di akhir Juni 2020.

Per 30 Juni 2020, jumlah aset yang dimiliki INDY capai US$ 3,36 miliar. Jumlah ini terdiri atas liabilitas senilai US$ 2,40 miliar dan ekuitas senilai US$ 964,62 juta. Adapun Kas dan setara kas Indika Energy pada periode tersebut sebesar US$ 488,47 juta atau turun 14,1%.

Per Juli 2020, realisasi produksi batubara INDY mencapai 20,4 juta ton. Head of Corporate Communications Indika Energy Ricky Fernando mengatakan, produksi ini

terdiri atas produksi PT Kideco Jaya Agung sebesar 19,5 juta ton batubara. Jumlah ini hampir sama dengan realisasi produksi Kideco pada periode yang sama di tahun lalu, yakni sebanyak 19,6 juta ton.

Angka produksi juga disumbang oleh anak usaha lainnya, yakni PT Multi Tambang Utama (MUTU) yang memproduksi 900 ribu ton batubara per Juli 2020. Realisasi ini juga sama dengan jumlah yang di-

hasilkannya dalam periode yang sama di 2019.

Ricky menegaskan, saat ini INDY belum berencana untuk merevisi target produksi. Hingga saat ini target produksi INDY , anggota indeks Kompas100 ini, masih sesuai dengan target yang telah disepakati pemerintah yakni sebanyak 30,95 juta ton, yang terbagi atas dua porsi yakni Kideco sebesar 29,65 juta ton dan MUTU sebesar 1,3 juta ton.

http://www.kontan.co.id/indeks-kompas100




http://www.kontan.co.id/indeks-kompas100


Martabe Gold Mine Sharing Knowledge of Gold Mining

Designing Hold an online E-Coaching Jam 2020

Verified: Arifin Al Alamudi

PT AGINCOURT Resources, the manager of

the Martabe Gold Mine, again held the 2020 E-Coaching Jam (ECJ), in collaboration with the Faculty of Engineering, Gadjah Mada University (UGM) with the theme Gold Mining Planning Strategy.

This time, ECJ was held virtually through Zoom and Live Youtube and was attended by hundreds of students from UGM and several universities based in Yogyakarta.

ECJ is one of PT Agincourt Resources' annual programs as clear evidence of the company's contribution to improving the quality of education in Indonesia. ECJ is a forum for communication both online and face-to-face between students and many mining practitioners/experts from the Martabe Gold Mine.

1. For 6 years, E-Coaching has involved more than 40 mining experts with 3,000 students from all over Indonesia

Since it was first implemented in 2014, ECJ has succeeded in bridging discussions of more than 40 mining experts with 3,000 students throughout Indonesia. This program has also been awarded the 2019 Indonesia CSR Awards.

PT Agincourt Resources Corporate Communications Senior Manager Katarina Siburian Hardono said, through ECJ, students from various ministries related to mining can get direct guidance and new understanding of this industry, so that later they will be better prepared to face the world of work.

Tambang Emas Martabe Berbagi Pengetahuan

Merancang Pertambangan Emas Gelar E-Coaching Jam 2020 secara daring

Verified : Arifin Al Alamudi

PT AGINCOURT Resources, pengelola

Tambang Emas Martabe, kembali menye-lenggarakan E-Coaching Jam (ECJ) 2020, bekerja sama dengan Fakultas Teknik Universitas Gadjah Mada (UGM) dengan tema Strategi Perencanaan Pertambangan Emas.

ECJ kali ini diselenggarakan secara virtual melalui Zoom dan Live Youtube dan diikuti oleh ratusan mahasiswa dari UGM dan beberapa Universitas yang berbasis di Yogyakarta.

ECJ merupakan salah satu program tahunan PT Agincourt Resources sebagai bukti nyata kontribusi perusahaan terhadap peningkatan kualitas dunia pendidikan di Indonesia. ECJ adalah wadah komunikasi baik online maupun tatap muka antara para mahasiswa dengan banyak praktisi/ahli pertambangan dari Tambang Emas Martabe.

1. Selama 6 tahun, E-Coaching telah me-libatkan lebih dari 40 ahli pertambangan dengan 3.000 orang mahasiswa di seluruh Indonesia

Sejak pertama kali dilaksanakan pada 2014, ECJ telah berhasil menjembatani diskusi lebih dari 40 ahli pertambangan dengan 3.000 orang mahasiswa di seluruh Indonesia. Program ini juga telah berhasil mendapatkan penghargaan CSR Indonesia Awards 2019.

Senior Manager Corporate Communications PT Agincourt Resources Katarina Siburian Hardono mengemukakan, melalui ECJ, para mahasiswa dari berbagai jurusan yang terkait dengan pertambangan bisa mendapatkan bimbingan langsung dan pemahaman baru mengenai industri ini, sehingga nantinya lebih siap dalam menghadapi dunia kerja.

https://www.idntimes.com/arifin-alamudi


"This time ECJ we present two mining experts whose abilities are no longer in doubt. The first is the Dean of the Faculty of Mining and Petroleum Engineering ITB Prof. Ir. Ridho Kresna Wattimena, MT, Ph.D., IPU who presented material on Gold Mine Design and Senior Mining Manager of PT Agincourt Resources Rahmat Lubis with the basic material of Making Mining Planning Designs," said Katarina.

2. Students can join the ECJ Martabe Gold Mine community

Furthermore, Katarina conveyed, through the two ECJ sessions, students were expected to increase their understanding and knowledge, not only about the potential of mining in Indonesia and various mining methods, but also how economic value affects gold mining planning.

"PT Agincourt Resources is committed to continuing to organize and develop ECJ to become a means while at the same time facilitating the improvement of the academic quality of students so that they are better prepared to be involved and work in the mining industry. For students who want to ask further questions and join the ECJ community of the Martabe Gold Mine, you can directly send an e-mail to [email protected]," added Katarina.

3. ECJ always provides the latest infor-mation and knowledge

Lecturer and Researcher of the UGM Geological Engineering Department, Lucas Donny Setiadji, appreciated the holding of the ECJ by PT Agincourt Resources.

"Thank you to PT Agincourt Resources for supporting learning in universities. Hopefully the collaboration between universities and industry...

"ECJ kali ini kami menghadirkan dua ahli pertambangan yang kemampuannya sudah tidak diragukan lagi. Yang pertama adalah Dekan Fakultas Teknik Pertambangan dan Perminyakan ITB Prof. Ir. Ridho Kresna Wattimena, M.T., Ph.D., IPU yang mem-bawakan materi Perancangan Tambang Emas serta Senior Manager Mining PT Agincourt Resources Rahmat Lubis dengan materi Dasar Pembuatan Desain Peren-canaan Penambangan," papar Katarina.

2. Mahasiswa bisa bergabung dalam komunitas ECJ Tambang Emas Martabe

Lebih lanjut Katarina menyampaikan, melalui kedua sesi ECJ tersebut, para mahasiswa diharapkan dapat meningkatkan pemahaman dan pengetahuannya, tak hanya mengenai potensi pertambangan di Indonesia dan berbagai metode penambangan, tapi juga bagaimana pengaruh nilai keekonomian dalam perencanaan pertambangan emas.

"PT Agincourt Resources berkomitmen untuk terus menyelenggarakan dan mengembangkan ECJ agar menjadi sarana sekaligus memfasilitasi peningkatan mutu akademi mutu akademis para mahasiswa agar lebih siap untuk berkecimpung dan berkarya di industri pertambangan. Bagi para mahasiswa yang ingin bertanya lebih lanjut serta bergabung dalam komunitas ECJ Tambang Emas Martabe, bisa langsung mengirimkan surat ke elektronik ke [email protected]," tambah Katarina.

3. ECJ selalu menyajikan informasi dan pengetahuan terbaru

Staf Pengajar dan Peneliti Departemen Teknik Geologi UGM Lucas Donny Setiadji mengapresiasi penyelenggaraan ECJ oleh PT Agincourt Resources.

"Terima kasih kepada PT Agincourt Resources telah mendukung pembelajaran di universitas-universitas. Semoga kolaborasi universitas dan industri...


Hopefully the collaboration between universities and industry can become a foundation for supporting the independent learning program by the Ministry of Education and Culture and realizing the industrialization roadmap, especially in the gold mining sector."

UGM Geological Engineering student Wahyu Ardiansyah said that the mining experts who were present as speakers at the ECJ activity always presented the latest information and knowledge. Wahyu joined ECJ last year in Yogyakarta.

"We not only get one-way information, but a lot of new knowledge that we can find out through discussion and question and answer sessions. I hope that ECJ will continue to be held regularly, so that students always get the opportunity to learn directly from the experts," Wahyu concluded. Editorial Team

Semoga kolaborasi universitas dan industri dapat menjadi fondasi untuk mendukung program merdeka belajar oleh Kemen-terian Pendidikan dan Kebudayaan serta merealisasikan roadmap industrialisasi khususnya di bidang pertambangan emas."

Mahasiswa jurusan Teknik Geologi UGM Wahyu Ardiansyah mengatakan para ahli pertambangan yang hadir menjadi nara-sumber pada kegiatan ECJ selalu menyaji-kan informasi dan pengetahuan terbaru. Wahyu mengikuti ECJ pada tahun lalu di Yogyakarta.

"Kami tak hanya mendapatkan informasi satu arah, tapi banyak pengetahuan baru yang bisa kami ketahui melalui sesi diskusi dan tanya jawab. Saya berharap, ECJ terus diselenggarakan secara rutin, sehingga para mahasiswa selalu mendapatkan kesempatan belajar langsung dari ahlinya," tutup Wahyu. Editorial Team

Failed to Penetrate to US$60/ Ton, Coal Prices Drop Again

Tirta Citradi, CNBC Indonesia

LAST week, coal prices shot high but failed

to break the psychological level of US$ 60/ton. However, the price of jet stones for contracts that are actively traded on this stock exchange is still at the highest level in the last five months.

On Friday (25/9/2020), the price of Newcastle thermal coal for the futures contract closed down 1.67% to US$ 58.8/ton. This is the highest price since April 14. Within a week the price of this black stone rose 2.44%.

Gagal Tembus ke US$ 60/Ton, Harga Batu Bara Ambles Lagi

Tirta Citradi, CNBC Indonesia

SEPEKAN kemarin harga batu bara

melesat tinggi tetapi gagal tembus level psikologis US$ 60/ton. Namun harga batu legam untuk kontrak yang aktif diperjual-belikan di bursa ini masih bertengger di level tertinggi dalam lima bulan terakhir.

Pada Jumat (25/9/2020), harga batu bara termal Newcastle untuk kontrak ber-jangkanya ditutup ambles 1,67% ke US$ 58,8/ton. Ini merupakan harga tertinggi sejak 14 April silam. Dalam sepekan harga batu hitam ini naik 2,44%.


The prices of these leading Indonesian and Australian commodities have strengthened significantly since the first week of September due to various positive sentiments circulating in the market. One of them is the issue of the possibility of easing China's import quota.

The Covid-19 outbreak that initially broke out in China put pressure on domestic coal production. As a result, the Bamboo Curtain Country must rely on imports of coal to meet its electricity consumption needs, especially for the residential sector.

Coal imports, which were sluggish until April, prompted China to tighten up a month after that. Moreover, the Covid-19 case in China has reportedly been successfully handled and China's economy has rebounded.

The need for coal has also increased. However, the tight domestic supply has caused the domestic coal price to soar. The difference in the price of Qinhuangdao thermal coal with a calorific value of 5,500 Kcal/Kg and the price of imported Australian Newcastle coal for the same calories was nearly US$ 40/tonne in September.

The high price of domestic coal has made China inevitably have to re-import. This will also boost demand for seaborne coal in the Asia Pacific region. The price also increased.

The Chinese government is currently struggling to boost coal production so that prices will drop so that the profits of the mining industry and utility companies are maintained and reduce dependence on imports.

Given the soaring price of coal, even reaching nearly US$ 60/ton, there is a possibility that the coal price will be corrected this week. Moreover,...

Harga komoditas unggulan RI dan Australia ini menguat signifikan sejak minggu pertama September karena ada berbagai sentimen positif yang beredar di pasar. Salah satunya adalah isu kemung-kinan pelonggaran kuota impor China.

Wabah Covid-19 yang awalnya merebak di China membuat produksi batu bara domestiknya tertekan. Alhasil Negeri Tirai Bambu harus mengandalkan impor batu bara untuk memenuhi kebutuhan konsumsi listriknya terutama untuk sektor residensial.

Impor batu bara yang jor-joran hingga April membuat China melakukan pengetatan sebulan setelahnya. Apalagi kasus Covid-19 di China dilaporkan sudah berhasil ditangani dan ekonomi Negeri Panda rebound.

Kebutuhan batu bara pun meningkat. Namun ketatnya pasokan dalam negeri membuat harga batu bara domestik-nya melonjak tinggi. Selisih harga batu bara termal Qinhuangdao dengan nilai kalori 5.500 Kcal/Kg dengan harga batu bara impor Newcastle Australia untuk kalori yang sama pun sempat terpaut hampir US$ 40/ton pada September.

Mahalnya harga batu bara domestik membuat China mau tak mau harus kembali impor. Hal ini turut mendongkrak permintaan batu bara lintas laut (seaborne) di kawasan Asia Pasifik. Harga-nya pun ikut terkerek.

Pemerintah China saat ini tengah berjuang untuk menggenjot produksi batu baranya agar harganya turun sehingga laba industri tambang maupun perusahaan utilitasnya tetap terjaga dan mengurangi keter-gantungan impor.

Mengingat harga batu bara yang sudah melesat tinggi, bahkan hampir tembus US$ 60/ton, ada kemungkinan harga batu bara bakal terkoreksi untuk pekan ini. Apalagi...


Moreover, the price of liquefied natural gas (LNG) as a substitute primary energy source is still relatively cheap.

As of September 25, natural gas prices were at US$ 2,139/mmBtu. Still 14.51% in the same period the previous year. The low price of LNG has the potential to make industry players switch to gas instead of coal. CNBC INDO NESIA RESEARCH TEAM (twg/twg)

Apalagi harga gas alam cair (LNG) sebagai sumber energi primer substitusinya masih terbilang murah.

Per 25 September, harga gas alam berada di US$ 2,139/mmBtu. Masih 14,51% di bahwa periode yang sama tahun sebelum-nya. Harga LNG yang murah berpotensi membuat pelaku industri beralih ke gas ketimbang batu bara. TIM RISET CNBC INDONESIA (twg/twg)

Tin prices to extend rally as electronics sector recovers By: Reuters

TIN prices are due to extend their rally next year as top consumer China stocks up on the metal due to a recovery in demand for electronic goods.

The bulk of tin, making up nearly half of demand, goes into solder, used chiefly in the electronics industry to connect components.

The benchmark price of tin on the London Metal Exchange slid to $12 700 a tonne in March, the lowest level in more than a decade, as the coronavirus hit demand, but it had rebounded by 45% by early September largely due to recovery in China.

It has since slipped to around $17 500, weighed down along with other metals and stock markets by rising COVID-19 cases, but analysts expect more gains late this year or early in 2021.

"As a result of this resurging demand, the tin market is set to remain in deficit until at least 2023. And as a result of this sustained deficit in our base case scenario, prices are set to return to about $20,000 a tonne in the short term," Roskill analyst Adam Slade told a webinar this week.

Demand was hit by the pandemic as factories closed but supply also declined, with output from major miner PT Timah in Indonesia sliding 26% in the first half.

In recent months, the electronics sector has revived, with global semiconductor sales up 4.9% year-on-year in July.

Roskill forecasts world consumer electronics shipments will jump by 22% in 2021.

Strong demand, financial arbitrage and declining supplies have boosted Chinese refined tin imports, with tonnage during the first seven months of the year 11 times higher than the same period in 2019.

The Chinese buying along with rising demand elsewhere is due to send the market into deficit, Macquarie said in a note.

https://www.miningweekly.com/author.php?u_id=99

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

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


"We find enough reason here to adjust our supply/demand balance to account for some stocking this year and next. The resulting deficits look bullish for tin's price in the next few years."

Thiess extends stay at Glencore’s Mount Owen coal mine Posted by Daniel Gleeson

CIMIC Group’s Thiess has been awarded a contract extension by Glencore to provide mining services at the Mount Owen coal operation in the Hunter Valley of New South Wales, Australia.

The 18-month contract extension, to commence in July 2021, will generate revenue of A$340 million ($240 million) to Thiess.

Thiess will continue to provide mine planning, design and execution, drill and blast, overburden removal and coal mining services at the mine, it said.

The global mining services provider has operated at Mount Owen since 1994, applying, it says, industry best practice mining operations, with uncompromising environmental and safety standards. It is Thiess’ largest coal mining operation in New South Wales, processing up to 15 Mt/y of run of mine, of which 7.8 Mt/y is mined by Thiess from the Mount Owen North Pit.

Thiess Managing Director, Douglas Thompson, said: “For more than 25 years we have delivered industry-leading, specialised mining techniques at Mount Owen, leading to higher resource recovery, increased plant efficiency and reliable material movement for our client.

“Our team looks forward to continuing our long association with Glencore and the Hunter Valley community.”

Thiess says it has a strong presence in the Hunter Valley where it provides mining services at three mines. It works to deliver social benefits through local employment and training, local procurement, community engagement and Indigenous affairs.

Australia trims resources revenue outlook on weaker coal, LNG exports

Reuters

AUSTRALIA has pared its forecasts for mining and energy export revenue this year, as liquefied natural gas (LNG) and metallurgical coal earnings are forecast to be slightly weaker than earlier expected.

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


Total earnings from mining and energy exports are forecast to fall 12% in the year to June 2021 to A$256 billion ($180.71 billion) from a record high of A$290 billion a year earlier, the Department of Industry said in its latest quarterly report.

“In 2020-21, relatively weak resource and energy commodity prices — with the notable exception of gold and iron ore — and lower coal export volumes are expected to drive a sizable fall in export earnings,” the government said.

The forecast for 2020-21 is down A$7 billion from the government’s previous outlook in June because of weaker than expected energy exports and stronger than expected gains in the Australian dollar, it said.

Earnings from metallurgical coal are forecast to drop by a third to A$23 billion in 2020-21 on lower prices and weaker output from major miners. That is A$2 billion lower than the government’s previous outlook.

LNG revenue is expected to slump 35% to A$31 billion in 2020-21 from a year earlier. That is A$4 billion lower than the government’s previous forecast, partly due to problems at two of the country’s 10 LNG export projects.

Amid the collapse in global growth from the coronavirus pandemic, Australia’s resources earnings have been shored up by iron ore, helped by supply disruptions in Brazil caused by the pandemic and solid demand from China.

“There is little immediate prospect for a major change in these dynamics,” the government said.

It sees iron export earnings slipping to A$97 billion this year from last year’s record A$102 billion, with iron ore prices expected to fall from around $100 a tonne in the December quarter to around $80 a tonne by the end of 2021. (By Sonali Paul; Editing by Christian Schmollinger)

Russia’s coal production to drop by 10.5% in 2020, says ministry

RUSSIA’s Economic Development Ministry projects a 10.5% decrease in coal production in the country in 2020 compared with last year to 395 mln tonnes, according to the country’s social and economic development outlook for 2021 and the planned period of 2022 and 2023 presented by the Economic Development Ministry.

"The expected production volume in 2020 is estimated at the level of 395 mln tonnes (-10.5%)," according to the document.

The production decline is related to low global coal prices and continuation of the trend of falling volumes of purchases by a number of key consumers on the European market, the ministry explained.


According to the figures provided by the Central Dispatching Department of Fuel Energy Complex, Russia’s coal production dropped by 9.2% in January-August period of 2020 year-on-year to 259.1 mln tonnes.

At least 16 killed from carbon monoxide poisoning in China coal mine accident

By Isaac Yee and Helen Regan, CNN

AT LEAST 16 workers in southwest China were killed after they became trapped

underground in a coal mine and exposed to unsafe levels of carbon monoxide, Chinese state media reported.

There were 17 people inside the Songzao coal mine in the Chinese city of Chongqing at the time of the incident, according to the state-run CGTN broadcaster. Only one person was pulled out alive by rescuers and they are in critical condition in hospital, CGTN reported.

The accident happened just after midday local time on Sunday, when a conveyer belt in the mine caught fire, producing excessive levels of carbon monoxide and trapping the miners.

State news agency Xinhua reported that carbon monoxide levels inside the coal mine had exceeded safe limits.

China's Ministry of Emergency Management said in a statement that they are working to

identify the cause of the accident and implement safety measures.

A team led by the deputy director of the National Coal Safety Supervision Bureau was sent to guide the rescue and recovery effort at the mine, the ministry said.

The facility is owned by state energy firm Chongqing Energy. Managers at the Songzao coal

mine had previously been fined and issued with warnings over safety violations at the site.

In late 2019, the Chongqing Coal Mine Safety Supervision Bureau issued "administrative penalties" and fines ranging from $700 to $4,200 to seven people for using improper mine blasting methods, according to a statement released by the bureau.

Mining accidents are not unusual in China. In 2017 there were 219 coal mining accidents in total, according to official statistics, killing 375 people. In 2018, the death toll from coal mine accidents stood at 333.

CNN's Beijing bureau contributed to reporting

https://us.cnn.com/profiles/helen-regan

https://www.cnn.com/2018/10/22/asia/chinese-miners-trapped-intl/index.html

http://www.xinhuanet.com/english/2018-01/29/c_136934350.htm

http://www.xinhuanet.com/english/2019-09/18/c_138401930.htm


'Tumultuous time': Australia's coal miners face $17b export collapse By Nick Toscano

AUSTRALIA's coal miners are headed for a $17 billion collapse in export earnings this year as the shock of the coronavirus crisis persists and more Asian power utilities switch from coal to gas.

The projected declines across 2020-21, contained in a federal government report to be released on Monday, come after a succession of coal companies reported sharp full-year profit contractions including New Hope Corporation, which took a 69 per cent hit, and Whitehaven Coal which fell 95 per cent.

Swiss giant Glencore last week suspended operations at most of its coal mines in the Hunter Valley in New South Wales for at least a fortnight in a bid to curtail output in the face of falling demand.

Exports of metallurgical coal – the coal used in steelmaking – are projected to shrink 34 per cent from $35 billion to $23 billion as prices hover around four-year lows, according to the federal Industry Department, while thermal coal – used in power generation – is set to fall 25 per cent from $20 billion to $15 billion.

Describing the thermal coal market as "tumultuous", the report notes a combination of factors had driven thermal coal prices to levels not seen in 14 years. These included the virus-driven industrial downturn weighing on energy consumption, a hardening of China's import restrictions to support its local suppliers, and the ongoing transition away from coal-fired electricity to reduce emissions, the report said.

"At current prices, a significant proportion of Australian thermal coal production is loss-making," it said.

The benchmark price for top-quality NSW thermal coal has fallen from $US68 a tonne to less than $US55 this year, well below the average of almost $US100 a tonne over the 2019 financial year. At a price of $US50 a tonne, one-third of exports were cash-negative, the report said.

Analysts say although power demand in Asia's key coal centres had returned to year-ago levels after collapsing by as much as 30 per cent during the depths of the lockdowns, the thermal coal market still remained deeply challenged.

"One issue is that there has been a significant amount of demand destruction between March and June that leaves us with an overhang of supply that we've got to burn through before we can see a decent recovery," Wood Mackenzie Asia-Pacific head of coal Rory Simington said.

"But just as important are those other structural issues in play prior to the pandemic – historically low gas prices that have decimated coal demand in Europe, Chinese import quotas, and the longer, slow-burn of pressure from renewables."

The thermal coal market has been badly affected by Chinese government policies to avoid seaborne coal. While unofficial limits are often imposed by Beijing as a way to support its domestic miners, a souring of diplomatic relations between China and Australia this year over

https://www.smh.com.au/by/nick-toscano-hvf8m


calls for a coronavirus inquiry prompted the Chinese government to instruct utilities to avoid Australian coal in particular

In the past fortnight, however, analysts have noted greater Chinese appetite for Australian cargoes, lifting benchmark prices to $US59. Mr Simington said the trend was "surprising", but it was to soon to tell if it was sustainable

Slumping coal exports and softer prices for other commodities have led to the federal government downgrading forecasts for overall resources and energy export earnings to $256 billion in 2020-21 and $252 billion for 2021-22 – a steep reduction from last year's record-high $290 billion.

Federal Resources Minister Keith Pitt said the figures, although down on last year, were impressive and demonstrated the resilience of the mining industry amid unprecedented challenges of COVID-19.

"Robust commodity earnings will be more important than ever to the Australian economy as the country emerges from the largest global contraction since the 1930s," he said.

"Australia's reputation as a reliable, low-cost supplier of mineral and energy products remains intact, with virtually no operational COVID-19 shutdowns, unlike some of our competitors."

Among Australia's best-performing commodities is the steelmaking ingredient iron ore, which has surged above the sky-high price of $US120 a tonne amid robust demand from Chinese steel mills and weakening supply from other exporting nations such as Brazil. The report forecasts iron ore to achieve $97 million alone in yearly export earnings, just shy of last year's record $102 billion.

Gold exports have also performed exceptionally well and are forecast to reach a record high of $31 billion in 2020-21, becoming Australia's third-largest commodity export behind iron ore and LNG.

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