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IMA-Daily Update Page 1
TABLE OF CONTENTS
No. Title Media Source Page
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Coal prices are still depressed, here's the coal issuer's
strategy for the rest of the year Harga batubara masih tertekan,
begini strategi emiten batubara di sisa tahun ini PT Freeport
Indonesia Confident to Reach Production Target PT Freeport
Indonesia Yakin Capai Target Produksi Adaro Energy's Coal
Production Decreases 4% Produksi Batu Bara Adaro Energy Turun 4%
When the gold price hits a record, why does MDKA's profit drop
9.43%? Saat Harga Emas Rekor, Laba MDKA Kok Drop 9,43%?
Strengthening commodity prices sustained the mining sector index
Penguatan harga komoditas menopang indeks sektor pertambangan South
Sumatra Coal Exports Soared 74.35 percent thanks to buyers from
South Korea Ekspor Batu Bara Sumsel Melejit 74,35 persen berkat
Buyer dari Korea Selatan Pressured Coal Market, Adaro Slashes Capex
to Rp 3.7 T Pasar Batu Bara Tertekan, Adaro Pangkas Capex Jadi Rp
3,7 T Indonesia logs biggest trade surplus in nine years, higher
exports for three consecutive months Perhapi: Reducing production
is an option to balance the domestic coal market Perhapi:
Pengurangan produksi jadi opsi seimbangkan pasar batubara dalam
negeri Utilization of Red Mud, Aluminum Mining Waste Pemanfaatan
Red Mud, Limbah Hasil Tambang Aluminium Bad News from India, Coal
Prices Will Drop Again? Kabar Buruk dari India, Harga Batu Bara Mau
Nyungsep Lagi?
Kontan Media Indonesia Neraca CNBC Indonesia Kontan Bisnis CNBC
Indonesia The Jakarta Post Kontan Dunia Tambang CNBC Indonesia
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Copper price jumps to 2-year high Miner BHP confirms plans to
exit thermal coal sector Covid-19 to reduce global lead production
by 5.2% in 2020 EIA: US coal stockpiles steadily increase Coal and
Coke Export in H1 2020
Mining.com IEEFA Metal Mining News World Coal Sea|News
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https://ieefa.org/miner-bhp-confirms-plans-to-exit-thermal-coal-sector/
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Coal prices are still depressed, here's the coal issuer's
strategy
for the rest of the year Reporter: Ridwan Nanda Mulyana |
Editor:
Tendi Mahadi
THE MARKET and coal prices are still under pressure in line with
the global oversupply. A number of coal issuers have also installed
strategies to mitigate this condition. Some of them chose to brake
the production rate.
However, PT Indika Energy Tbk (INDY) and PT Bumi Resources Tbk
(BUMI) have no plans to take this step. INDY's Head of Corporate
Communication Ricky Fernando said that his party was still pursuing
the target that was approved by the govern-ment in the 2020 Work
Plan and Budget (RKAB), which amounted to 30.95 million tons.
INDY's production plan for this year is divided between its two
subsidiaries, namely Kideco Jaya Agung with 29.65 million tons and
Multi Tambangjaya Utama (MUTU) with 1.3 million tons. "Until now,
we have maintained the production target that has been agreed by
the government at 30.95 million tons," Ricky told Kontan.co.id,
Tuesday (18/8).
During Semester I -2020, INDY has produced 17.6 million tons of
coal. "From Kedico as much as 16.9 million tons. MUTU as much as
746,000 tons," he continued.
Not only INDY, BUMI is sti ll pursuing production targets. Bumi
Resources Director and Corporate Secretary Dileep Srivastava said
BUMI's coal production plan for this year is still around 85
million to 90 million tons.
Harga batubara masih tertekan, begini strategi emiten
batubara
di sisa tahun ini Reporter: Ridwan Nanda Mulyana | Editor:
Tendi Mahadi
PASAR dan harga batubara masih dalam tekanan seiring dengan
kondisi oversupply yang terjadi secara global. Sejumlah emiten
batubara pun pasang strategi untuk me-mitigasi kondisi ini.
Beberapa diantaranya memilih mengerem laju produksi.
Namun, PT Indika Energy Tbk (INDY) dan PT Bumi Resources Tbk
(BUMI) belum berencana menempuh langkah tersebut. Head of Corporate
Communication INDY Ricky Fernando mengatakan, pihaknya masih
mengejar target yang telah disetujui pemerintah dalam Rencana Kerja
dan Anggaran Biaya (RKAB) 2020 yang sebesar 30,95 juta ton.
Rencana produksi INDY tahun ini dibagi pada kedua anak usahanya,
yakni Kideco Jaya Agung sebesar 29,65 juta ton dan Multi
Tambangjaya Utama (MUTU) sebanyak 1,3 juta ton. "Hingga saat ini
kami mempertahankan target produksi yang telah disepakati
pemerintah sebanyak 30,95 juta ton," ujar Ricky kepada
Kontan.co.id, Selasa (18/8).
Sepanjang Semester I-2020, INDY telah memproduksi 17,6 juta ton
batubara. "Dari Kedico sebanyak 16,9 juta ton. MUTU sebanyak
746.000 ton," sambungnya.
Tak hanya INDY, BUMI pun masih menge-jar target produksi.
Direktur dan Sekretaris Perusahaan Bumi Resources Dileep Srivastava
mengatakan, rencana produksi batubara BUMI untuk tahun ini masih
berkisar di angka 85 juta ton-90 juta ton.
https://pusatdata.kontan.co.id/quote/INDYhttps://pusatdata.kontan.co.id/quote/BUMI
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The largest coal producer in Indonesia is extracting black gold
from its two subsidiaries, namely PT Kaltim Prima Coal and PT
Arutmin Indonesia. "Unchanged in the 2020 guidance from 85 MT - 90
MT," said Dileep.
According to Kontan.co.id, BUMI's coal production target is
supported by KPC of 60 million - 65 million tonnes, and production
from Arutmin of around 28 million tonnes - 30 million tonnes.
According to Dileep, the target already calculates the increase
in KPC's production plan in the RKAB. However, the increase in
production has not been applied to Arutmin because it is still
waiting for the PKP2B extension and its status transition to IUPK.
"Only KPC (increased production), Arutmin awaits confirmation of
IUPK status," he said.
At least in the last two years, BUMI's coal production has
continued to grow. In 2019, BUMI's production reached 87 million
tons, an increase of 8.34% compared to the achievement in the
previous year which was 80.3 million tons.
KPC supports BUMI's coal production with a portion of around
70%. While the rest is filled by Arutmin. Until the first semester
of 2020, BUMI's production realization was in the range of 41
million tons-42 million tons.
Until mid-August, BUMI is pursuing production at 50 million
tons. "The portion is similar as previously published, about 70%
KPC, the rest is Arutmin," explained Dileep.
Different from INDY and BUMI, PT Bukit Asam Tbk (PTBA) plans to
change its production target this year. The state-owned coal issuer
will make target adjustments taking into account market
conditions.
Produsen batubara terbesar di Indonesia ini mengeduk emas hitam
dari kedua anak usahanya, yakni PT Kaltim Prima Coal dan PT Arutmin
Indonesia. "Tidak berubah pada panduan tahun 2020 dari 85 MT - 90
MT," kata Dileep.
Dalam catatan Kontan.co.id, target pro-duksi batubara BUMI
tersebut ditopang oleh KPC sebanyak 60 juta ton - 65 juta ton,
serta produksi dari Arutmin sekitar 28 juta ton - 30 juta ton.
Menurut Dileep, target tersebut sudah menghitung peningkatan
rencana produksi KPC dalam RKAB. Namun, peningkatan produksi belum
diterapkan pada Arutmin lantaran masih menunggu perpanjangan PKP2B
dan peralihan statusnya menjadi IUPK. "Hanya KPC (peningkatan
produksi), Arutmin menanti konfirmasi status IUPK," sebutnya.
Setidaknya dalam dua tahun terakhir, produksi batubara BUMI
memang terus bertumbuh. Pada tahun 2019 lalu, produksi BUMI
mencapai 87 juta ton atau meningkat 8,34% dibandingkan capaian pada
tahun sebelumnya yang sebesar 80,3 juta ton.
KPC menopang produksi batubara BUMI dengan porsi sekitar 70%.
Sementara sisanya diisi oleh Arutmin. Hingga Semester pertama 2020,
realiasi produksi BUMI berada di kisaran 41 juta ton-42 juta
ton.
Hingga pertengahan Agustus ini, BUMI mengejar produksi di angka
50 juta ton. "Porsi serupa seperti yang dipublikasikan sebelumnya,
kira-kira 70% KPC, sisanya Arutmin," jelas Dileep.
Berbeda dari INDY dan BUMI, PT Bukit Asam Tbk (PTBA) berencana
untuk mengubah target produksinya di tahun ini. Emiten batubara
plat merah itu akan melakukan penyesuaian target dengan
mempertimbangkan kondisi pasar.
https://pusatdata.kontan.co.id/quote/PTBA
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Unfortunately, PTBA's Corporate Secretary Apollonius Andwie has
not disclosed the change in the intended production target. What is
clear, he said, is that these adjust-ments were made as a strategy
to maintain market balance.
"For this year's production target, we will make adjustments by
considering market conditions. This is a strategic step to
maintain a balance between supply and demand," Andwie said when
contacted by Kontan.co.id, Tuesday (18/8).
Previously, coal issuers that had stated that they were cutting
their production were PT Adaro Energy Tbk (ADRO) and PT ABM
Investama Tbk. (ABMM).
Corporate Secretary & Investor Realtions Division Head
Mahardika Putranto said, considering the difficult market
conditions,
ADRO made revisions to several guidance components in 2020.
Among others, by reducing coal production to 52 million tons-54
million tons. At the beginning of the year, ADRO targeted
production at 54 million tons-58 million tons.
When compared with last year's realization, there was a decrease
of around 10%. "The new target for coal production is down about
10% compared to 2019 on a YoY basis, which is mainly driven by
a
decrease in thermal coal production," Mahardika explained.
ABMM also cut its coal production target. The decline in
production is planned to reach 2.8 million tons or 19% of the
target in the 2020 RKAB of 15 million tons.
ABM Investama Director Adrian Erlangga revealed that the market
conditions and the price of coal which are still depressed are the
main considerations for ABMM to
reduce its production level this year.
Sayangnya, Sekretaris Perusahaan PTBA Apollonius Andwie belum
membeberkan perubahan target produksi yang dimaksud. Yang jelas,
katanya, penyesuaian tersebut dilakukan sebagai strategi menjaga
ke-seimbangan pasar.
"Untuk target produksi di tahun ini akan kami lakukan
penyesuaian dengan mem-pertimbangkan kondisi market. Ini merupakan
salah satu langkah strategis untuk menjaga keseimbangan antara
pasokan dan permintaan," kata Andwie saat dihubungi Kontan.co.id,
Selasa (18/8).
Sebelumnya, emiten batubara yang sudah menyatakan memangkas
produksinya adalah PT Adaro Energy Tbk (ADRO) dan PT ABM Investama
Tbk. (ABMM).
Corporate Secretary & Investor Realtions Division Head
Mahardika Putranto menga-takan, dengan mempertimbangkan kondisi
pasar yang sulit, ADRO melakukan revisi terhadap beberapa komponen
panduan di 2020. Antara lain dengan menurunkan produksi batubara
menjadi 52 juta ton-54 juta ton. Di awal tahun, ADRO menargetkan
produksi di angka 54 juta ton-58 juta ton.
Jika dibandingkan dengan realisasi tahun lalu, maka ada
penurunan sekitar 10%. "Target baru untuk produksi batubara turun
sekitar 10% dibandingkan tahun 2019 secara YoY, yang terutama
didorong oleh penurunan produksi batubara termal," jelas
Mahardika.
ABMM juga memangkas target produksi batubara. Penurunan produksi
direncana-kan mencapai 2,8 juta ton atau 19% dari target dalam RKAB
tahun 2020 yang sebesar 15 juta ton.
Direktur ABM Investama Adrian Erlangga mengungkapkan, kondisi
pasar dan harga batubara yang masih tertekan menjadi pertimbangan
utama ABMM menurunkan tingkat produksinya di tahun ini.
https://pusatdata.kontan.co.id/quote/ADROhttps://pusatdata.kontan.co.id/quote/ABMM
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"In general, it will drop 19% or 2.8 million below the 2020
RKAB. This is because the price is too low," he told Kontan.co.id,
Tuesday (4/8).
"Secara umum akan turun 19% atau 2,8 juta di bawah RKAB 2020.
Ini karena harga terlalu rendah," ungkapnya kep ada Kontan.co.id,
Selasa (4/8).
PT Freeport Indonesia Confident to Reach Production Target
PT FREEPORT Indonesia (PTFI) 's copper and gold production is
claimed to be able to reach the target amid the conditions of the
Covid-19 pandemic even though it only reached 60% of the production
target.
PTFI President Director Tony Wenas said that currently PTFI's
production condition is only 60% of its production capacity. This
happens because the reserves in the open pit have run out and only
get out of the reserve. Currently, sales of concentrate ore are 800
million pounds of copper and 800 thousand ounces of gold.
"The Covid-19 pandemic has an impact on companies. However, the
activities to increase underground mining production at Grasberg
Block Cave and Deep Level Level Zone (DMLZ) must continue, ”he
said, in his official statement yesterday. To realize this step,
this year PTFI has prepared funds amounting to US$ 1.3 billion or
Rp19.1 trillion (assuming an exchange rate of Rp14,700 per US$) for
the development of underground mines.
Tony said that in 2021 the copper production target would even
increase to 1.4 billion pounds and gold production to 1.4 million
ounces of gold. He believes that this target can be achieved. He
also ensured that sales this year will remain good because gold and
copper prices are moving up.
PT Freeport Indonesia Yakin Capai Target Produksi
PRODUKSI tembaga dan emas PT Freeport Indonesia (PTFI) diklaim
mampu mencapai target di tengah kondisi pandemi covid-19 meski
sempat hanya mencapai 60% dari target produksi.
Presiden Direktur PTFI Tony Wenas mengatakan saat ini kondisi
produksi PTFI hanya 60% dari kapasitas produksi. Ini terjadi karena
cadangan di open pit sudah habis dan hanya mengeluarkan dari
simpanan cadangan. Saat ini tercatat penjualan bijih konsentrat
sebesar 800 juta pounds tembaga dan 800 ribu ounce emas.
“Pandemi covid-19 memang berdampak kepada perusahaan. Namun,
kegiatan pe-ningkatan produksi penambangan bawah tanah Grasberg
Block Cave dan Deep Level Level Zone (DMLZ) harus tetap berjalan,”
kata dia, dalam keterangan resminya, kemarin. Untuk merealisasikan
langkah tersebut, tahun ini PTFI menyiapkan dana sebesar US$1,3
miliar atau Rp19,1 triliun (asumsi kurs Rp14.700 per US$) untuk
pengembangan underground mine.
Tony menyampaikan pada 2021 target produksi tembaga bahkan
meningkat mencapai 1,4 miliar pound dan produksi emas 1,4 juta
ounce emas. Pihaknya yakin target tersebut bisa dicapai. Ia juga
memastikan penjualan tahun ini tetap baik karena harga emas dan
tembaga yang bergerak naik.
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"This price rises because China in the second quarter grew 3.2
percent and copper imports quite a lot. The world supply decreases,
China's demand rises, so prices rise. This makes our income
increase," said Tony. From the non-operating side, the level of
employee productivity has also increased. This figure shows that
the PTFI extended family is ready to welcome the process of
adapting to a new habit (new normal).
According to Tony, in line with the theme of Indonesia's 75th
Anniversary, "Indonesia Maju", the company continues to contribute
to Indonesia again, including in the midst of a pandemic. This
contribution is given in various aspects such as economy, health,
human resource development, and infrastructure develop-ment. "It
becomes more apparent after 51% of PTFI shares are officially owned
by the Government of Indonesia under the auspices of PT Inalum
(Indonesia Asahan Alumunium/MIND ID)," he said.
According to Tony, a pandemic requires elements of society to
adapt to new habits in order to help reduce the spread of the virus
and support Indonesia's progress in various aspects. This situation
has prompted PTFI to transform in terms of operations and
contribution.
A number of transformations include making work rotation
procedures and systems more flexible (working from home for Jakarta
employees) and minimal personnel (reducing the number of people in
the operating area at the same time). That way, it can strengthen
the protection of employee health and safety.
Throughout the pandemic, PTFI has continued to maintain 29,201
jobs for its employees and contractors, 97% of whom are from
Indonesia. PTFI also provided...
“Ini harga naik karena China di kuartal II tumbuh 3,2% dan impor
tembaga cukup banyak. Suplai dunia berkurang, per-mintaan China
naik, maka harga naik. Ini membuat penghasilan kita bertambah,”
kata Tony. Dari sisi non-operasi, tingkat produktivitas karyawan
pun meningkat. Angka ini menunjukkan keluarga besar PTFI siap
menyambut proses adaptasi kebiasaan baru (new normal).
Menurut Tony, selaras dengan tema Hut ke-75 RI yakni ‘Indonesia
Maju’, per-usahaan kembali terus berkontribusi bagi Indonesia,
termasuk di tengah pandemi. Kontribusi ini diberikan di berbagai
aspek seperti ekonomi, kesehatan, pengem-bangan sumber daya
manusia, dan pembangunan infrastruktur. “Semakin nyata terlihat
setelah 51% saham PTFI resmi dimiliki Pemerintah RI di bawah
naungan PT Inalum (Indonesia Asahan Alumunium/MIND ID),” kata
dia.
Menurut Tony, pandemic mengharuskan elemen masyarakat untuk
beradaptasi dengan kebiasaan baru agar bisa mem-bantu menekan
tingkat penyebaran virus dan mendukung kemajuan Indonesia di
berbagai aspek. Situasi ini mendorong PTFI bertransformasi dari
sisi operasional dan kontribusi.
Sejumlah transformasi di antaranya dengan membuat prosedur dan
sistem rotasi kerja yang lebih fleksibel (kerja dari rumah bagi
karyawan Jakarta) serta minim personel (mengurangi jumlah orang di
area operasi dalam satu waktu kerja yang sama). Dengan begitu,
mampu mem-perkuat perlindungan kesehatan dan keselamatan
karyawan.
Sepanjang pandemi, PTFI terus menjaga 29.201 lapangan kerja bagi
karyawan dan kontraktor perusahaan yang 97% di antaranya dari
Indonesia. PTFI juga memberi...
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IMA-Daily Update Page 8
PTFI also provided social assistance to communities affected by
the Covid-19 pandemic around the work area which reached a value of
more than Rp 21 billion.
Medical facility
Health facilit ies are also provided for employees and
communities around the company's operating area, such as providing
rapid test and PCR test kits, adding treatment and isolation rooms
at Tembagapura Hospital and Kuala Kencana Clinic. PTFI is also
building a RT-PCR testing laboratory facility to confirm the
diagnosis of Covid-19.
Another assistance is facilitating the delivery of medical
needs, foodstuffs and medical equipment for handling covid-19. PTFI
even facilitated the delivery of 70 ventilators from the University
of Rhode Island (URI), USA, to the Papua Provincial Government. All
these initiatives strengthened PTFI's contribution, which from
1992-2019 reached US$ 45.8 billion (around Rp.664.1 trillion) to
the Indonesian economy.
In addition, US$ 1.73 billion (around Rp.25.1 billion) is for
community development and empowerment programs, as well as building
infrastructure such as more than 3,000 houses and providing
electricity to communities around the company's work areas.
Starting from 2019 to 2041, PTFI has budgeted an investment fund of
US$ 15.1 billion (around Rp.218.9 trillion) for the development of
operational activities and strengthening contributions for
Indonesia to achieve PTFI's new target in the midst of a pandemic,
namely safe and sustainable production.
Founder of Rumah Change, Rhenald Kasali, said, “All over the
world, gold and copper mining companies operating in hard-to-reach
areas, must build their own complex infrastructure that is fraught
with risks, both safety and political. PTFI's journey
through...
PTFI juga memberi bantuan sosial kepada masyarakat yang terkena
dampak pandemi Covid-19 di sekitar area kerja yang mencapai nilai
lebih dari Rp21 miliar.
Fasilitas kesehatan
Fasilitas kesehatan juga disediakan bagi karyawan dan masyarakat
di sekitar area operasi perusahaan, seperti menyediakan alat rapid
test dan PCR test, menambah kamar perawatan dan isolasi di RS
Tembaga-pura dan Klinik Kuala Kencana. PTFI juga membangun
fasilitas laboratorium pengujian RT-PCR untuk konfirmasi diagnosis
covid-19.
Bantuan lain ialah memfasilitasi pengiriman bantuan kebutuhan
medis, bahan makanan, dan peralatan kesehatan untuk penanganan
covid-19. PTFI bahkan memfasilitasi pengi-riman 70 ventilator dari
University of Rhode Island (URI), AS, untuk Pemprov Papua. Seluruh
inisiatif itu memperkuat kontribusi PTFI yang sejak 1992-2019
mencapai US$ 45,8 miliar (sekitar Rp664,1 triliun) ter-hadap
perekonomian Indonesia.
Selain itu, sebesar US$1,73 miliar (sekitar Rp25,1 miliar) untuk
program-program pengembangan dan pemberdayaan masya-rakat, serta
membangun infrastruktur seperti lebih dari 3.000 rumah dan
penye-diaan aliran listrik bagi masyarakat di sekitar area kerja
perusahaan. Terhitung sejak 2019 sampai 2041, PTFI menganggar-kan
dana investasi US$15,1 miliar (sekitar Rp218,9 triliun) untuk
pengembangan kegiatan operasi dan penguatan kontribusi bagi
Indonesia agar mencapai target baru PTFI di tengah pandemic yaitu
produksi aman dan berkelanjutan.
Founder Rumah Perubahan Rhenald Kasali mengatakan, “Di seluruh
dunia, perusahaan tambang emas dan tembaga beroperasi di daerah
yang sulit dijangkau, harus mem-bangun infrastruktur sendiri yang
rumit dan penuh dengan risiko, baik safety maupun politis.
Perjalanan PTFI melewati...
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IMA-Daily Update Page 9
PTFI's journey through these challenges to return to our
motherland as a controlling shareholder is something we are
grateful for.
"Challenges are always present, streng-thening SINCERE's value
in the midst of a pandemic is the right thing to build solidarity
and togetherness in order to strengthen each other and be able to
face every challenge," said Rhenald. (Gan/S3-25)
Perjalanan PTFI melewati tantangan-tantangan itu sampai kembali
ke ibu pertiwi sebagai pemegang saham kendali patut kita
syukuri.
”Tantangan selalu hadir, penguatan nilai SINCERE di tengah
pandemi adalah hal tepat untuk membangun solidaritas dan
kebersamaan agar saling menguatkan dan mampu menghadapi setiap
tantangan,” tandas Rhenald. (Gan/S3-25)
Adaro Energy's Coal Production Decreases 4%
By: Ahmad Nabhani
HIT by the impact of the Covid-19 pandemic, mining production
owned by PT Adaro Energy Tbk (ADRO) in the first half of this year
reached 27.29 million tons, down 4% year-on-year (yoy). In
addition, coal sales volume in this period also reached 27.13
million tons, or decreased by 6% on an annual basis. This
information was conveyed by the company in a press release in
Jakarta yesterday.
Management said that Adaro Energy's strip ratio was recorded at
3.77 times due to the long rainy season in the operating area which
affected the company's activities. The unfavorable market
conditions have prompted the company to revise its 2020 guidelines
to produce 52 million tons to 54 million tons, operational EBITDA
of US$ 600 million to US$ 800 million, capital expenditure of US$
200 million to US$ 250 million.
Adaro Energy continues to strive to maintain operational
excellence, improve efficiency, maintain healthy margins and
provide customers with a reliable supply. Furthermore,...
Produksi Batu Bara Adaro Energy Turun 4% Oleh: Ahmad Nabhani
TERPUKUL dampak pandemi Covid-19, produksi tambang milik PT
Adaro Energy Tbk (ADRO) pada paruh pertama tahun ini mencapai 27,29
juta ton atau turun 4% year-on-year (yoy). Selain itu, volume
penjualan batu bara pada periode ini pun mencapai 27,13 juta ton,
atau turun 6% secara tahunan. Informasi tersebut disampaikan
perseroan dalam siaran persnya di Jakarta, kemarin.
Manajemen menyampaikan nisbah kupas Adaro Energy tercatat 3,77
kali karena musim hujan yang panjang di wilayah operasi berdampak
terhadap aktivitas perusahaan. Kondisi pasar yang kurang kondusif
telah mendorong perusahaan untuk merevisi panduan tahun 2020
menjadi produksi 52 juta ton sampai 54 juta ton, EBITDA operasional
US$600 juta sampai US$800 juta, belanja modal US$200 juta sampai
US$250 juta.
Adaro Energy terus berupaya memper-tahankan keunggulan
operasional, mening-katkan efisiensi, menjaga marjin yang sehat dan
memberikan pasokan yang andal bagi para pelanggan. Lebih
lanjut,...
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IMA-Daily Update Page 10
Furthermore, in the second quarter of 2020 the thermal coal
market was affected more significantly by the Covid -19 pandemic as
coal importing countries had to face major economic impacts.
As a result, demand for electricity, and thus for coal, has
subsequently plummeted, with a small, sporadic increase in demand
towards the end of the quarter as the
lockdown eases slowly and cautiously.
Lebih lanjut, pada kuartal kedua 2020 pasar batu bara termal
terdampak oleh pandemi Covid-19 secara lebih signifikan karena
negara-negara pengimpor batu bara harus menghadapi dampak ekonomi
yang besar.
Akibatnya, permintaan terhadap listrik, dan dengan demikian
terhadap batubara, kemudian anjlok, dengan peningkatan permintaan
yang berskala kecil dan sporadis menuju akhir kuartal ini seiring
pelonggaran lockdown yang
dilakukan secara perlahan dan waspada.
When the gold price hits a record, why does MDKA's profit
drop 9.43%? Monica Wareza, CNBC Indonesia
THE RALLY in world gold prices since the Covid-19 pandemic and
reaching a record high in history does not appear to have a direct
correlation with the financial performance of gold producer
issuers. PT Merdeka Copper Gold Tbk (MDKA) actually recorded a
decrease in net profit of 9.43% year on year (YoY) at the end of
the first semester of 2020.
Based on its financial statements, the company's net profit was
recorded at US$ 38.26 million (Rp.556.32 billion, assuming an
exchange rate of Rp.14,800/US$). This amount is down from the net
profit in the same period the previous year which was valued at US$
45.25 million.
Earnings per share also fell slightly to US$ 0.0017 from US$
0.0020 previously.
Until the end of June 2020, the company's revenue actually
increased by 3.67% YoT to US$ 198.81 million (Rp 2.94 trillion). Up
from the position at the end of June 2019 which amounted to US$
191.77 million.
Saat Harga Emas Rekor, Laba MDKA Kok Drop 9,43%? Monica Wareza,
CNBC Indonesia
RELI harga emas dunia sejak pandemi Covid-19 dan mencapai rekor
tertinggi sepanjang sejarah, rupanya tidak ber-korelasi langsung
dengan kinerja keuangan emiten produsen emas. PT Merdeka Copper
Gold Tbk (MDKA) justru mencatat-kan penurunan laba bersih 9,43%
year on year (YoY) di akhir semester I-2020.
Berdasarkan laporan keuangannya, ter-catat laba bersih
perusahaan menjadi US$ 38,26 juta (Rp 566,32 miliar, asumsi kurs Rp
14.800/US$). Jumlah ini turun dari laba bersih di periode yang sama
tahun sebelumnya yang senilai US$ 45,25 juta.
Nilai laba per saham juga ikut turun tipis menjadi US$ 0,0017
dari sebelumnya senilai US$ 0,0020.
Hingga akhir Juni 2020 lalu, pendapatan perusahaan sebenarnya
mengalami kenaikan tipis 3,67% YoT menjadi US$ 198,81 juta (Rp 2,94
triliun). Naik dari posisi akhir Juni 2019 yang sebesar US$ 191,77
juta.
-
IMA-Daily Update Page 11
Meanwhile, what caused the decline in profit was an increase in
the cost of revenue. During the first six months of this year, the
cost of revenue increased to US$ 122.43 million from US$ 105.15
million previously.
General administrative expenses also increased to US$ 12.61
million from US$ 8.51 million previously.
Other expenses increased to US$ 3.10
million from US$ 2.86 million. However, the financial burden
slightly decreased to US$ 8.41 from the position at the end of
semester I-2019 which was valued at US$
8.85 million.
The company's assets during this period were recorded at US$
841.74 million, down from the position at the end of December 2019
which was US$ 951.25 million.
Consisting of current assets of US$ 201.12 million and
non-current assets of US$ 740.62 million.
However, total liabilities during this period decreased to US$
387.93 million from the end of last year which was valued at
US$
427,008 million. Short-term liabilities were recorded at US$
240.18 million and long-term liabilities of US$ 147.75 million.
The total equity of the company at the end
of the first semester of 2020 was valued at US$ 553.80 million,
up from the 2019 full year position of US$ 524.24 million.
The world gold price once reached the highest record in the
world, above US$ 2,000/troy ounce, breaking the previous all-time
high of US$ 1,920.3/troy ounce which was printed almost 9 years
ago, to be precise on September 6, 2011. In year to date until
early August the price of gold has appreciated by 35.42%.
(hps/hps)
Sementara itu, yang mejadi penyebab penurunan laba adalah
kenaikan di pos beban pokok pendapatan. Selama enam bulan pertama
tahun ini, beban pokok pendapatan naik menjadi senilai US$ 122,43
juta dari sebelumnya senilai US$ 105,15 juta.
Beban umum administrasi juga ikut naik menjadi US$ 12,61 juta
dari sebelumnya
hanya sebesar US$ 8,51 juta.
Beban lain-lain mengalami kenaikan menjadi US$ 3,10 juta dari
US$ 2,86 juta. Namun beban keuangan turun tipis men-jadi US$ 8,41
dari posisi akhir semester I-2019 yang senilai US$ 8,85 juta.
Aset perusahaan pada periode ini tercatat senilai US$ 841,74
juta, turun dari posisi akhir Desember 2019 yang sebesar US$ 951,25
juta. Terdiri dari aset lancar US$
201,12 juta dan aset tak lancar US$ 740,62 juta.
Namun total liabilitas total pada periode ini susut menjadi US$
387,93 juta dari akhir tahun lalu yang senilai US$ 427,008 juta.
Liabilitas jangka pendek tercatat US$ 240,18 juta dan liabilitas
jangka panjang sebesar US$ 147,75 juta.
Jumlah ekuitas perusahaan di akhir periode semester I-2020
senilai US$
553,80 juta, naik dari posisi full year 2019 yang sebesar US$
524,24 juta.
Harga emas dunia sempat mencapai rekor tertinggi di dunia, di
atas US$ 2.000/troy ons, mematahkan rekor tertinggi sepan-jang masa
sebelumnya US$ 1.920,3/troy ons yang dicetak nyaris 9 tahun yang
lalu, tepatnya pada 6 September 2011. Secara year to date hingga
awal Agustus harga emas terapresiasi sebesar 35,42%. (hps/
hps)
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IMA-Daily Update Page 12
Strengthening commodity prices sustained the mining sector
index Reporter: Akhmad Suryahadi | Editor:
Tendi Mahadi
SINCE the beginning of the year or on a year-to-date (YTD)
basis, the Composite Stock Price Index (IHSG) is still correcting
17.14%. However, it is the mining sector index that performs better
than the JCI.
Quoting data from the Indonesia Stock Exchange (IDX),
year-to-date the mining index only corrected -8.01%, making it the
second strongest performing sectoral index after the consumer goods
sector index, which only corrected -4.88% since the beginning of
the year.
MNC Sekuritas analyst Catherina Vincentia assessed that the
strengthening of the gold commodity which rose 30.85% in YTD, the
price of tin which rose 0.85% in YTD and nickel which rose 4.09% in
YTD also contributed to the increase in the mining sector.
According to Catherina, this increase was supported by demand
for nickel and lead for the development of electric vehicles.
Besides that, there is also the effect of asset aversion from high
risk to safe haven.
"This increase is also due to the return to business activities
in the largest importing countries such as China," said Catherina
to Kontan.co.id, Tuesday (18/8).
This increase was also reflected in the increase in the prices
of a number of mining issuers' shares. PT Vale Indonesia Tbk (INCO)
shares rose 24.67% in three months of trading, and rose 2.75% since
the beginning of the year.
Penguatan harga komoditas menopang indeks sektor
pertambangan Reporter: Akhmad Suryahadi | Editor:
Tendi Mahadi
SEJAK awal tahun atau secara year-to-date (YTD), Indeks Harga
Saham Gabungan (IHSG) masih terkoreksi 17,14%. Akan tetapi, adalah
indeks sektor pertambangan masih ber-kinerja lebih baik
dibandingkan dengan IHSG.
Mengutip data Bursa Efek Indonesia (BEI), secara year-to-date
indeks pertambangan hanya terkoreksi -8,01%, menjadikannya indeks
sektoral dengan performa terkuat kedua setelah indeks sektor barang
konsumsi yang hanya terkoreksi -4,88% sejak awal tahun.
Analis MNC Sekuritas Catherina Vincentia menilai, penguatan dari
komoditas emas yang naik 30,85% secara YTD, harga timah yang naik
0,85% secara YTD serta komoditas nikel yang menguat 4,09% secara
YTD turut berkontribusi terhadap peningkatan pada sektor
pertambangan.
Menurut Catherina, kenaikan ini didukung oleh permintaan nikel
dan timah untuk perkembangan kendaraan listrik (electric vehicle).
Selain itu, ada pula pengaruh asset aversion dari high risk menjadi
safe haven.
“Kenaikan ini juga disebabkan oleh kembali-nya aktivitas bisnis
pada negara importir terbesar seperti China,” ujar Catherina kepada
Kontan.co.id, Selasa (18/8).
Kenaikan ini pun tercermin dari kenaikan harga sejumlah saham
emiten pertambangan. Saham PT Vale Indonesia Tbk (INCO) menguat
24,67% dalam perdagangan tiga bulan, dan menguat 2,75% sejak awal
tahun.
https://pusatdata.kontan.co.id/quote/INCO
-
IMA-Daily Update Page 13
Gold mining issuers, namely PT Merdeka Copper Gold Tbk (MDKA)
rose 54.55% in three months and soared 74.77% since the beginning
of the year. The shares of the state-owned tin producer PT Timah
Tbk (TINS) also shot up 59.55% in three months.
However, coal commodity prices still declined 25.48% on a YTD
basis to the
level of US$ 50.45 per metric ton (MT), one of which was caused
by weakening demand in the first and second quarters of 2020.
Catherina said, in the second half of 2020, coal prices have the
potential to improve with the return of increasing demand for coal
from China as winter approaches.
Based on historical data, coal demand will start to increase in
the third quarter which
will certainly have an impact on coal issuers, including PT
Adaro Energy Tbk (ADRO) and PT Bukit Asam Tbk (PTBA) which in the
last two years recorded an increase in the bottom line of 2.89 %
(2-year average) in the third quarter.
However, it does not mean that the journey of the mining sector,
especially coal, is free from negative sentiment. According to
Catherina, a number of negative
sentiments from the global such as the closure of coal power
plants in European countries along with the green campaign being
carried out will have an impact on coal demand going forward.
In addition, the decrease in power generated by coal by up to
30% in the first semester of 2020 that occurred in the United
States will be a contributing factor and a risk for this
sector.
Saham emiten pertambangan emas, yakni PT Merdeka Copper Gold Tbk
(MDKA) menguat 54,55% dalam tiga bulan dan melesat 74,77% sejak
awal tahun. Saham emiten produsen timah milik Negara, yakni PT
Timah Tbk (TINS) juga melesat 59,55% dalam tiga bulan.
Meski demikian, harga komoditas batubara masih menurun 25,48%
secara YTD ke level US$ 50,45 per metric ton (MT), yang salah
satunya disebabkan oleh pelemahan permintaan pada kuartal pertama
dan kedua 2020.
Catherina mengatakan, pada semester kedua 2020, harga batubara
berpotensi akan membaik dengan kembali meningkat-nya permintaan
batubara dari China seiring dengan mendekatnya musim dingin.
Berdasarkan data historis, permintaan batu-bara akan mulai
meningkat pada kuartal ketiga yang tentunya akan berdampak kep-ada
emiten-emiten batubara, diantaranya adalah PT Adaro Energy Tbk
(ADRO) dan PT Bukit Asam Tbk (PTBA) yang dalam dua tahun terakhir
mencatatkan peningkatan bottom line sebesar 2.89% (2-year average)
pada kuartal ketiga.
Namun, bukan berarti perjalanan sektor pertambangan khususnya
batubara sudah bebas dari sentimen negatif. Menurut Catherina,
sejumlah sentimen negatif dari global seperti penutupan pembangkit
listrik batubara di negara-negara Eropa seiring dengan green
campaign yang dijalankan akan berdampak pada permintaan batubara ke
depan.
Selain itu, penurunan tenaga yang di-hasilkan oleh batubara
hingga 30% pada semester I-2020 yang terjadi di Amerika Serikat
akan menjadi faktor pemberat dan risiko bagi sektor ini.
https://pusatdata.kontan.co.id/quote/MDKAhttps://pusatdata.kontan.co.id/quote/TINShttps://pusatdata.kontan.co.id/quote/ADROhttps://pusatdata.kontan.co.id/quote/PTBA
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IMA-Daily Update Page 14
South Sumatra Coal Exports Soared 74.35 percent thanks to
buyers from South Korea Dinda Wulandari
COAL exports from South Sumatra were recorded to have started to
improve in July 2020 in line with the high demand from new markets,
namely South Korea.
Based on data from the South Sumatra Central Statistics Agency
(BPS), coal exports in July 2020 were valued at US$ 46.75 million.
This value shot up 74.35 percent compared to June 2020 which
amounted to US$ 25.75 million.
Head of South Sumatra BPS, Endang Tri Wahyuningsih, said that
his party has monitored a large increase in coal exports in the
last two months.
"It was only in June and July that the trend of South Sumatra's
coal exports improved, this cannot be separated from the conditions
of the countries which are the export market destinations," he
said, Tuesday (18/8/2020).
The increase in coal exports was also recorded the highest in
the group of 5 mainstay non-oil and gas export commodities in South
Sumatra. Structurally, the coal mining sector contributes 18.73
percent to Bumi Sriwijaya's non-oil and gas exports.
Endang explained that in terms of price, the black gold
commodity was not yet very exciting but the volume of coal exports
slowly increased.
According to him, South Sumatra's coal exports are currently
focused on new markets, especially South Korea. The export value to
the State of Ginseng reached US$ 10.90 million last month.
Ekspor Batu Bara Sumsel Melejit 74,35 persen berkat
Buyer dari Korea Selatan Dinda Wulandari
EKSPOR batu bara asal Sumatra Selatan tercatat mulai membaik
pada Juli 2020 seiring tingginya permintaan dari pasar baru, yakni
Korea Selatan.
Berdasarkan data Badan Pusat Statistik (BPS) Sumsel, ekspor batu
bara pada Juli 2020 senilai US$46,75 juta. Nilai tersebut melesat
74,35 persen dibandingkan bulan Juni 2020 yang sebesar US$25,75
juta.
Kepala BPS Sumsel Endang Tri Wahyuningsih mengatakan pihaknya
memantau kenaikan ekspor batu bara yang cukup besar baru terjadi
pada dua bulan terakhir.
“Baru bulan Juni dan Juli ekspor batu bara Sumsel trennya
membaik, hal tersebut tidak lepas dari kondisi negara-negara yang
menjadi tujuan pasar ekspor,” katanya, Selasa (18/8/2020).
Kenaikan ekspor batu bara juga tercatat paling tinggi dalam
kelompok 5 komoditas ekspor nonmigas andalan Sumsel. Secara
struktur, sektor pertambangan batu bara berkontribusi 18,73 persen
terhadap ekspor nonmigas Bumi Sriwijaya.
Endang menjelaskan memang secara harga, komoditas emas hitam itu
belum begitu menggairahkan namun volume ekspor batu bara perlahan
menanjak.
Menurut dia, ekspor batu bara Sumsel saat ini memang banyak
tertuju ke pasar baru, terutama Korea Selatan. Nilai ekspor ke
Negeri Gingseng itu mencapai US$10,90 juta pada bulan lalu.
https://www.bisnis.com/user/220/dinda.wulandari
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IMA-Daily Update Page 15
"Exporters seem to see opportunities for countries that can
become new markets for coal," he said.
Apart from South Korea, said Endang, these commodities have also
been sent to Bangladesh, Brunei Darussalam and Pakistan. For
conventional markets, such as China and India are now starting to
run again.
Meanwhile, the export value of South Sumatra in July 2020
reached US$ 294.75 million, or an increase of 19.95 percent
compared to exports in June 2020.
However, when compared to the same period in 2019 (January -
July 2019), South Sumatra's exports fell by 18.78 percent.
Last month, South Sumatra's exports consisted of oil and gas
exports of US$ 22.07 million and US$ 272.68 million which was the
result of non-oil and gas commodity exports. Editor: Sutarno
“Para eksportir tampaknya melihat peluang negara-negara yang
bisa jadi pasar baru untuk batu bara, “ katanya.
Selain Korsel, kata Endang, komoditas itu juga telah dikirim ke
Bangladesh, Brunai Darussalam dan Pakistan. Untuk pasar
konvensional, seperti Tiongkok dan India pun kini mulai berjalan
kembali.
Sementara itu, nilai ekspor Sumsel pada Juli 2020 mencapai US$
294,75 juta, atau naik 19,95 persen dibandingkan ekspor Juni
2020.
Akan tetapi, bila dibandingkan dengan periode yang sama tahun
2019 (Januari - Juli 2019) ekspor Sumsel turun sebesar 18,78
persen.
Ekspor Sumsel pada bulan lalu terdiri dari ekspor migas sebesar
US$22,07 juta dan US$272,68 juta merupakan hasil ekspor komoditas
nonmigas. Editor : Sutarno
Pressured Coal Market, Adaro Slashes Capex to Rp3.7 T
Tahir Saleh, CNBC Indonesia
PT ADARO Energy Tbk (ADRO) cut the total capital expenditure
(capex) to US$ 200 million-US$ 250 million or the equivalent of Rp
2.96 trillion-Rp 3.70 trillion, from the capex set at the beginning
of the year. reaching US$ 300 million-US$ 400 million or Rp 4.44
trillion-Rp 5.92 trillion.
Operational EBITDA or profit before interest, taxes,
depreciation and amor-tization from operations this year was also
revised to US$ 600 million-US$ 800 million, from the previous US$
900 million-US$ 1.2 billion.
Pasar Batu Bara Tertekan, Adaro Pangkas Capex Jadi Rp3,7 T
Tahir Saleh, CNBC Indonesia
PT ADARO Energy Tbk (ADRO) memangkas jumlah belanja modal
(capital expenditure/ capex) menjadi US$ 200 juta-US$ 250 juta atau
setara Rp 2,96 triliun-Rp 3,70 triliun, dari jumlah capex yang
ditetapkan di awal tahun yang mencapai US$ 300 juta-US$ 400 juta
atau Rp 4,44 triliun-Rp 5,92 triliun.
Adapun EBITDA operasional atau laba sebelum bunga, pajak,
depresiasi dan amortisasi dari operasional pada tahun ini juga
direvisi menjadi US$ 600 juta-US$ 800 juta, dari sebelumnya yakni
US$ 900 juta-US$ 1,2 miliar.
https://www.cnbcindonesia.com/market-data/quote/ADRO.JK/ADROhttps://www.cnbcindonesia.com/market-data/quote/ADRO.JK/ADRO
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IMA-Daily Update Page 16
Mahardika Putranto, Corporate Secretary & Investor Relations
Division Head of ADRO, said that the operational EBITDA guidelines
were also adjusted to reflect the decrease in estimated average
selling price caused by the decline in global coal prices.
"After evaluating the investment plan for this year, Adaro
Energy can lower its capital expenditure guidelines [capex] by
determining investment priorities and will continue to be careful
and disciplined in managing its capital spending," he said in an
official statement, Tuesday (18/8/2020).
"Even if our capex is reduced, we will continue to invest as
needed to support long-term growth and maintain operational
excellence," he stressed.
"Despite this industry volatility, we believe that the long-term
fundamentals remain good and our business model has proven
successful in navigating the ebb and flow of the coal market. In
these difficult times, we are focused on maintaining operational
excellence and healthy margins, as well as providing supply.
reliable coal to customers," he explained.
Adaro Energy's coal production in the first half of 2020 reached
27.29 million tons, or decreased by 4% year-on-year (y-o-y). Coal
sales volume in this period reached 27.13 million tons, or
decreased by 6% y-o-y.
Adaro Energy's strip ratio in the first half of 2020 was
recorded at 3.77x due to the long rainy season in the operating
area which affected the company's activities.
Meanwhile, the unfavorable market conditions prompted the
company to revise the 2020 guidance, especially production to 52
million tons - 54 million tons. This amount is lower than the
target set at the beginning of the year for this year's production
of 54 million-58 million tons.
Mahardika Putranto, Corporate Secretary & Investor Relations
Divis ion Head ADRO, mengatakan panduan EBITDA operasional pun
disesuaikan untuk mencerminkan penurunan estimasi harga jual
rata-rata yang diakibatkan oleh penurunan harga batu bara
global.
"Setelah mengevaluasi rencana investasi untuk tahun ini, Adaro
Energy dapat me-nurunkan panduan belanja modal [capex] dengan
menentukan prioritas investasi dan akan terus berhati-hati serta
berdisiplin dalam mengelola belanja modalnya," katanya dalam
keterangan resmi, Selasa (18/8/2020).
"Walaupun belanja modal dikurangi, kami akan melanjutkan
investasi yang diperlukan untuk mendukung pertumbuhan jangka
panjang dan mempertahankan keunggulan operasional," tegasnya.
"Meskipun harus menghadapi volatilitas industri ini, kami
percaya bahwa fundamental jangka panjangnya tetap baik dan model
bisnis kami terbukti sukses dalam menga-rungi pasang surutnya pasar
batu bara. Di masa yang sulit ini, kami berfokus untuk
mempertahankan keunggulan operasional dan marjin yang sehat, serta
memberikan pasokan batu bara yang andal kepada para pelanggan,"
jelasnya.
Produksi batu bara Adaro Energy pada semester I-2020 mencapai
27,29 juta ton, atau turun 4% year-on-year (y-o-y). Volume
pen-jualan batu bara pada periode ini mencapai 27,13 juta ton, atau
turun 6% y-o-y.
Nisbah kupas Adaro Energy pada semester I-2020 tercatat 3,77x
karena musim hujan yang panjang di wilayah operasi berdampak
ter-hadap aktivitas perusahaan.
Sementara itu, dengan kondisi pasar yang kurang kondusif,
mendorong perusahaan untuk merevisi panduan tahun 2020 khusus-nya
poduksi menjadi 52 juta ton - 54 juta ton. Jumlah ini lebih rendah
dari target di awal tahun yang ditetapkan untuk produksi tahun ini
mencapai 54 juta-58 juta ton.
-
IMA-Daily Update Page 17
"The sales portfolio in the first semester of 2020 was dominated
by E4700 and E4900 which was supported by solid demand for this
type of coal. The Southeast Asian market covered 47% of our sales
in the first half of 2020, with Indonesia and Malaysia the largest
portion."
He explained, in the second quarter of 2020, the thermal coal
market was affected more significantly by the Covid-19 pandemic
because coal importing countries had to face a large economic
impact.
As a result, demand for electricity, and thus for coal, has
subsequently plummeted, with a small, sporadic increase in demand
towards the end of the quarter as the slow and cautious easing of
the "lockdown" was carried out.
This situation depressed coal prices in the second quarter of
2020, with the global COAL Newcastle price dropping to an average
of US$ 55.08 per tonne, or down 19% on a q-o-q basis.
"The supply of seaborne [imported coal, international market] in
2Q20 reacted to lower demand, as reflected in the steps of
Australia and Indonesia to reduce supply," he said.
"Indonesia's coal production fell 5% yoy in the January-June
period due to low demand both in the domestic and seaborne markets,
as well as due to lower prices. Simultaneously, Australian shipment
volumes have shown a downward trend from April to June."
He explained, China's thermal power plants rose 6.5% y-o-y in
the second quarter of 2020 thanks to economic stimulus. The
country's imports from January to June reached 136 million tons, or
the equivalent of an increase of 18 million tons or 15% from the
same period last year.
"Portofolio penjualan pada semester I-2020 didominasi oleh E4700
dan E4900 yang didukung oleh permintaan yang solid untuk jenis batu
bara ini. Pasar Asia Tenggara meliputi 47% penjualan kami pada
semester I-2020, dengan Indonesia dan Malaysia dengan porsi
terbesar."
Dia menjelaskan, pada kuartal kedua 2020, pasar batu bara termal
terdampak oleh pandemi Covid-19 secara lebih signifikan karena
negara-negara pengimpor batu bara harus menghadapi dampak ekonomi
yang besar.
Akibatnya, permintaan terhadap listrik, dan dengan demikian
terhadap batu bara, kemudian anjlok, dengan peningkatan permintaan
yang berskala kecil dan sporadis menuju akhir kuartal ini seiring
pelonggaran "lockdown" yang dilakukan secara perlahan dan
waspada.
Situasi ini menekan harga batu bara pada kuartal II-2020, dengan
harga globalCOAL Newcastle turun ke rata- rata US$ 55,08 per ton,
atau turun 19% secara q-o-q.
"Pasokan seaborne [batu bara impor, pasar internasional] pada
2Q20 bereaksi ter-hadap penurunan permintaan, sebagai-mana
tercermin pada langkah Australia dan Indonesia untuk mengurangi
pasokan," katanya.
"Produksi batu bara Indonesia turun 5% yoy pada periode
Januari-Juni akibat rendahnya permintaan baik di pasar domestik
maupun seaborne, serta akibat turunnya harga. Secara bersamaan,
volume pengiriman Australia menunjukkan tren yang menurun dari
April sampai Juni."
Dia menjelaskan, pembangkit listrik termal China naik 6,5% y-o-y
pada kuartal II-2020 berkat adanya stimulus ekonomi. Impor negara
ini dari Januari sampai Juni men-capai 136 juta ton, atau setara
dengan kenaikan 18 juta ton atau 15% dari periode yang sama tahun
lalu.
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IMA-Daily Update Page 18
However, there are still concerns about China's import
restrictions until the end of the year. In addition, economic
activity and demand for Indian coal remain weak even though the
lockdown has been eased, while demand from South Korea and Japan in
the first half of 2020 was also affected by a decline in revenue
due to the pandemic and limited burning of coal in winter.
On the other hand, Vietnam has surpassed its coal imports in
2Q20 compared to the same period last year due to its PLTU capacity
and the prolonged heat wave that occurred in the country.
"Amid the current weak market conditions, the company remains
confident in the long-term fundamentals of the thermal coal market
as regions such as Southeast Asia and South Asia continue to seek
improvements in the electricity sector," he explained.
Metallurgy
In addition, he explained, the Covid-19 pandemic also continues
to have an impact on the metallurgical coal market. The price of
Platts Premium Low Vol Hard Coking Coal (PLV HCC) fell to US$
115.00 at the end of June 2020 from US$ 195.45 in the same period
in 2019.
Global crude steel production fell by 6% y-o-y in the
January-June 2020 period, thus driving a decline in Australian
metallurgi-cal coal exports in Q2 2020, with total exports for the
January - May period reducing 5% y-o-y.
However, China's steel market is very strong with blast furnace
utilization rates soaring to over 90% in May 2020 thanks to the
domestic economic recovery, which drove a 5% y-o-y increase in
Chinese metallurgical coal imports in the first half of 2020.
Namun, tetap ada kekuatiran akan adanya pembatasan impor China
sampai akhir tahun. Selain itu, aktivitas ekonomi dan permintaan
batu bara India tetap lemah walaupun lockdown telah dilonggarkan
sementara permintaan dari Korea Selatan dan Jepang pada semester
I-2020 juga terdampak oleh penurunan pendapatan akibat pandemi dan
terbatasnya pem-bakaran batu bara di musim dingin.
Di sisi lain, Vietnam telah melampaui impor batu baranya pada
2Q20 dibandingkan periode yang sama tahun lalu karena kapa-sitas
PLTU-nya dan gelombang panas yang berkepanjangan yang terjadi di
negara ini.
"Di tengah kondisi pasar yang lemah saat ini, perusahaan tetap
yakin dengan funda-mental jangka panjang pasar batu bara termal
karena wilayah-wilayah seperti Asia Tenggara dan Asia Selatan terus
meng-upayakan peningkatan di sektor ketenaga-listrikan,"
jelasnya.
Metalurgi
Selain itu, dia menjelaskan, pandemi Covid-19 juga terus
berdampak terhadap pasar batu bara metalurgi. Harga Platts Premium
Low Vol Hard Coking Coal (PLV HCC) turun ke US$ 115,00 per akhir
Juni 2020 dari US$ 195,45 pada periode yang sama di tahun 2019.
Produksi baja mentah global turun 6% y-o-y pada periode
Januari-Juni 2020, sehingga mendorong penurunan ekspor batu bara
metalurgi Australia di kuartal II-2020, dengan total ekspor periode
Januari - Mei berkurang 5% y-o-y.
Namun, pasar baja China sangat kuat dengan tingkat utilisasi
tanur tiup (blast furnace) melambung sampai melebihi 90% pada bulan
Mei 2020 berkat pemulihan ekonomi domestik, yang mendorong kenaikan
sebesar 5% y-o-y pada impor batu bara metalurgi China pada semester
I-2020.
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IMA-Daily Update Page 19
"Although demand from other countries outside China is still
weak, we are starting to see signs of recovery after the lockdown
has been eased. In the long term, we view the fundamentals of the
metallurgical coal market as well."
In comparison, Adaro Energy's coal production last year reached
58.03 million tonnes, or 7% higher than the 2018 production
achievement and exceeded the production target in 2019 which was
set at 54-56 million tonnes.
Adaro's production comes from PT Adaro Indonesia (AI), Balangan
Coal Companies and Adaro MetCoal Companies (AMC). (tas/tas)
"Walaupun permintaan dari negara lainnya di luar China masih
lemah, kami mulai melihat tanda pemulihan setelah lockdown
dilonggarkan. Untuk jangka panjang, kami memandang fundamental
pasar batu bara metalurgi juga tetap kuat."
Sebagai perbandingan, tahun lalu, produksi batu bara Adaro
Energy mencapai 58,03 juta ton, atau 7% lebih tinggi dari
pen-capaian produksi tahun 2018 dan melam-paui target produksi pada
2019 yang ditetapkan sebesar 54-56 juta ton.
Produksi Adaro tersebut berasal dari PT Adaro Indonesia (AI),
Balangan Coal Companies dan Adaro MetCoal Companies (AMC).
(tas/tas)
Indonesia logs biggest trade surplus in nine years, higher
exports for three consecutive months
Adrian Wail Akhlas | The Jakarta Post
INDONESIA recorded the biggest trade surplus in nine years in
July as exports rose for a third consecutive month while demand for
imports remained weak amid the pandemic.
Exports jumped 14.33 percent month-on-month (mom) in July to
US$13.73 billion, continuing the upward trend since May, thanks to
rising shipments of agriculture and manufactured goods despite the
figure being 9.9 percent lower than in the same month last year,
Statistics Indonesia (BPS) announced on Tuesday.
Imports stood at $10.47 billion in July, 32.55 percent lower
annually and 2.73 percent lower than June, as domestic demand for
consumption and raw materials remain subdued amid the pandemic.
The rise in exports and fall in imports led to a $3.26 billion
trade surplus, the highest since August 2011, according to BPS.
“It is impossible for exports to immediately return to positive
[annual growth] after an economic slump caused by COVID-19, but the
[monthly] improvement is an encouraging sign,” BPS head Suhariyanto
told reporters. “We are hoping that exports will continue to rise
in the coming months.”
The coronavirus outbreak has hit international trade amid
movement restrictions implemented in various countries around the
world, including in Indonesia. The World Trade Organization (WTO)
projects global trade volumes will contract by between 13 percent
at best and 32 percent at worst this year.
https://www.cnbcindonesia.com/market-data/quote/ADRO.JK/ADRO
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IMA-Daily Update Page 20
Indonesia, however, has managed to book a strong trade surplus
as imports fall deeper than exports. The country had recorded a
trade surplus of $8.75 billion as of July compared to a $2.15
billion deficit logged in the same period last year.
Net exports were also the anchor of Indonesia’s gross domestic
product (GDP) in the second quarter as the only positive
contributor to the economy amid shrinking household spending,
investment and government spending.
The rupiah, however, depreciated 0.34 percent on Tuesday to Rp
14,845 per United States dollar, while the Jakarta Composite Index
(JCI) gained 0.9 percent.
BPS data revealed that bullion and jewelry exports recorded the
highest increase in July compared to June as gold prices broke the
record high in the month, followed by exports of animal and plant
fat and oil, vehicles and vehicle parts. Meanwhile, Switzerland,
the US and Singapore became the top three export destinations that
recorded the highest monthly growth in July.
Exports of manufactured goods, which contributed around 80
percent of total exports, rose 16.95 percent mom to $11.28 billion
in July but remained 1.91 percent lower year-on-year (yoy). Exports
of agricultural products rose 11.17 percent yoy to $350 million
driven by increased exports of bird nests and aromatic medicine,
among other things.
Mining products exports, the second-largest contributor,
plummeted almost one-third annually to $1.39 billion due to falling
coal prices. Oil and gas exports, on the other hand, halved to $700
million due to falling oil prices but increased 23.77 percent
mom.
Imports of consumer goods fell 24.11 percent yoy following a
sharp decrease of garlic shipments from China and medicine from the
United Kingdom, among other items.
Imports of raw materials plummeted 34.36 percent due to lower
demand of raw sugar from Brazil and milk from the US while imports
of capital goods dropped 29.25 percent yoy.
Indonesia’s exports are expected to drop 5 percent at best or 14
percent at worst this year compared to 2019 as the pandemic
disrupted the supply chain and weakened global demand for
made-in-Indonesia products, said the lead economic researcher at
the Centre for Strategic and International Studies (CSIS), Yose
Rizal Damuri.
“China’s economic recovery since April has boosted demand for
Indonesian goods,” he said in a phone interview on Tuesday. “That
will continue to be the main factor that helps Indonesian exports
at a time when demand from other countries has yet to recover.”
Indonesia’s lack of dependence on the international markets will
not heavily affect the country’s GDP this year, Yose went on to
say, adding that the trajectory of the economy would depend on
domestic consumption.
“If the government could handle the pandemic and boost
consumption, then progress of economic recovery may become
faster.”
The demand from major export destination countries has started
to recover following the reopening of economies across the globe,
which will further support Indonesia’s exports, Bank Mandiri chief
economist Andry Asmoro said.
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IMA-Daily Update Page 21
“Going forward, we see import growth will remain weaker than
export growth due to suspensions in some domestic investment
projects and production activities amid the COVID-19 pandemic,” he
said, adding that the situation might result in a narrow current
account deficit.
Perhapi: Reducing production is an option to balance the
domestic coal market Reporter: Ridwan Nanda Mulyana |
Editor:
Anna Suci Perwitasari
COAL prices are still remaining at a low level as market
pressures have not subsided. The existence of the Covid-19 pandemic
has made demand plummet, but coal supply tends to be stable,
resulting in
an oversupply.
Chairman of the Indonesian Mining Experts Association (Perhapi)
Rizal Kasli said the imbalance between supply and demand caused
coal prices to still fall in the index range of US$ 50-US$ 54 per
ton.
This condition is exacerbated by the not yet recovering economic
conditions in coal importing countries, so that demand does not
increase significantly.
Considering these conditions, Rizal proposed a reduction in coal
production nationally. When compared with the realization of
production in 2019 which reached 616 million tons, Rizal said,
Indonesia's coal production this year should be reduced to 50
million tons - 70 million tons.
In the short term, reducing production is the main option that
both the government and business actors should try.
Perhapi: Pengurangan produksi jadi opsi seimbangkan pasar
batubara dalam negeri Reporter: Ridwan Nanda Mulyana |
Editor:
Anna Suci Perwitasari
HARGA batubara masih berkutat di level yang rendah seiring
tekanan pasar yang belum mereda. Adanya pandemi Covid-19 membuat
permintaan (demand) anjlok, namun pasokan (supply) batubara masih
cenderung stabil sehingga terjadi kele-bihan pasokan
(oversupply).
Ketua Umum Perhimpunan Ahli Pertam-bangan Indonesia (Perhapi)
Rizal Kasli mengatakan, ketidakseimbangan antara supply dan demand
menyebabkan harga batubara masih tersungkur di kisaran index US$
50-US$ 54 per ton.
Kondisi ini diperparah dengan belum pulihnya kondisi ekonomi di
negara-negara pengimpor batubara, sehingga permintaan tidak naik
secara signifikan.
Mempertimbangkan kondisi tersebut, Rizal mengusulkan adanya
pengurangan pro-duksi batubara secara nasional. Jika dibandingkan
dengan realisasi produksi tahun 2019 lalu yang mencapai 616 juta
ton, Rizal menyebut, produksi batubara Indonesia pada tahun ini
sebaiknya diturunkan hingga 50 juta ton - 70 juta ton.
Untuk jangka pendek, pengurangan pro-duksi adalah opsi utama
yang selayaknya dicoba oleh pemerintah maupun pelaku usaha.
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IMA-Daily Update Page 22
"The national production reduction is so that conditions do not
oversupply so that prices will be raised to a reasonable level.
There is no other alternative but to decrease production, at least
to balance the market as a short-term solution," he explained to
Kontan.co.id, Tuesday (18/8).
If prices have not strengthened and demand has not yet been
lifted, he also projects that the coal production target in the
2020 Work Plan and Budget (RKAB) which is set at 550 million tons
will not be achieved. Rizal estimates that the realization could be
below the target, or as much as 520 million tons - 530 million
tons.
From the information obtained by Perhapi, there are a number of
companies that still maintain their production targets as planned
at the beginning of the year. There are also those who make
revisions to reduce production. However, a number of companies
chose to increase their coal production plans.
Even so, from the perspective of corporate business
considerations, he considers that it is reasonable to do so. "The
increase in production is done to reduce overhead costs so that
they can help reduce costs," Rizal explained.
Indeed, the government and a number of business actors are
exploring alternative markets to open new export destinations and
increase the portion of coal sales. However, Rizal is of the view
that this effort is not easy.
"Because the absorption capacity is much lower than the current
main export destination countries, namely China and India," he
explained.
As an illustration, the potential decline in Indonesia's coal
imports in China is around 15 million tons, while in India it is 17
million tons. The decline in coal exports...
"Pengurangan produksi secara nasional agar kondisi tidak
oversupply sehingga harga akan terangkat ke level yang wajar. Tidak
ada alternatif lain selain penurunan produksi, setidaknya untuk
menyeimbang-kan pasar sebagai solusi jangka pendek," jelas dia
kepada Kontan.co.id, Selasa (18/8).
Jika harga belum menguat dan demand masih belum terangkat, dia
pun mem-proyeksikan target produksi batubara dalam Rencana Kerja
dan Anggaran Biaya (RKAB) 2020 yang ditetapkan sebesar 550 juta ton
tidak akan tercapai. Rizal menaksir, realisasinya bisa di bawah
target atau sebesar 520 juta ton - 530 juta ton.
Dari informasi yang diperoleh Perhapi, ada sejumlah perusahaan
yang tetap mem-pertahankan target produksinya seperti rencana awal
tahun. Ada juga yang melakukan revisi untuk menurunkan produksi.
Namun, sejumlah perusahaan memilih untuk menaikkan rencana produksi
batubara.
Kendati begitu, dari sisi pertimbangan bisnis korporasi, dia
menilai bahwa hal tersebut wajar dilakukan. "Kenaikan produksi
dilakukan untuk menekan biaya overhead sehingga bisa membantu
penu-runan biaya," jelas Rizal.
Memang, pemerintah dan sejumlah pelaku usaha tengah menjajaki
pasar alternatif untuk membuka tujuan ekspor baru mau-pun
memperbesar porsi penjualan batu-bara. Tapi, Rizal berpandangan
bahwa upaya tersebut tidak lah mudah.
"Karena daya serapnya jauh lebih rendah dibandingkan negara
tujuan ekspor utama saat ini, yaitu China dan India," jelas
dia.
Sebagai gambaran, potensi penurunan impor batubara Indonesia di
China sekitar 15 juta ton, sedangkan di India mencapai 17 juta ton.
Penurunan ekspor batubara...
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IMA-Daily Update Page 23
The decline in coal exports from Indonesia of around 32 million
tons will not be able to be transferred to other markets. This is
because the absorption potential of markets such as Vietnam is only
1 million -2 million tons, Bangladesh 0.5 million tons and Pakistan
only 1 million tons.
At the same time, the absorption from the domestic market will
not grow, instead it is likely to fall to 10 million tons. "It is
estimated that the volume will start to rise again in 2021 or after
the corona (handling) has been successfully implemented in several
countries," Rizal said.
Going forward, Indonesia must eradicate dependence on export
markets by increasing domestic absorption. This is because
dependence on export markets carries a high risk because it is
influenced by economic and geopolitical conditions, consumption and
energy switching in importing countries.
Increasing the domestic coal market can be done by accelerating
the downstreaming of coal, such as for briquettes and the
conversion of coal to gas or methanol. Smelter construction also
needs to be boosted to increase energy demand.
However, for now, Rizal said that the company can survive by
making efficiency, especially from the operational side. For
example, by reducing the stripping ratio to a smaller level,
thereby reducing production costs, especially from over-burden
stripping.
Another effort is to negotiate rates with mining contractors and
find new markets. "However, it does not have much effect because it
cannot compensate for the demand from large export destinations
such as China and India," concluded Rizal.
Penurunan ekspor batubara dari Indonesia sekitar 32 juta ton itu
tidak akan mampu dialihkan ke pasar lainnya. Sebab, pasar potensial
seperti Vietnam serapannya hanya 1 juta -2 juta ton, Banglades 0,5
juta ton dan Pakistan hanya 1 juta ton.
Pada saat bersamaan, serapan dari pasar domestik pun tak akan
tumbuh, malah berpeluang turun hingga 10 juta ton. "Diperkirakan
volume akan mulai naik kembali di tahun 2021 atau setelah
(penanganan) corona berhasil diterapkan dengan baik di beberapa
negara," ungkap Rizal.
Ke depan, Indonesia harus mengikis ketergantungan terhadap pasar
ekspor dengan meningkatkan serapan dari dalam negeri. Sebab,
ketergantungan pada pasar ekspor memiliki risiko tinggi karena
dipengaruhi oleh kondisi ekonomi dan geopolitik, konsumsi serta
peralihan energi di negara pengimpor.
Peningkatan pasar batubara dalam negeri bisa dilakukan dengan
percepatan hilirisasi batubara, seperti untuk briket dan konversi
batubara ke gas atau pun methanol. Pembangunan smelter pun perlu
digenjot untuk meningkatkan kebutuhan energi.
Namun untuk saat ini, Rizal mengatakan bahwa perusahaan bisa
survive dengan melakukan efisiensi khususnya dari sisi operasional.
Misalnya dengan menurunkan tingkat nisbah kupas (stripping ratio)
menjadi lebih kecil sehingga menurunkan biaya produksi terutama
dari pengupasan tanah penutup (overburden).
Upaya lainnya ialah menegosiasikan rate dengan kontraktor
tambang dan mencari market baru. "Namun tidak berpengaruh banyak
karena tidak bisa mengkompensasi demand dari tujuan ekspor yg besar
seperti China dan India," pungkas Rizal.
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IMA-Daily Update Page 24
Utilization of Red Mud, Aluminum Mining Waste
Author: Ario Bhismo Nugroho, Editor: Ocky PR.
RED Mud, in Indonesian, namely red mud is waste produced by
industrial alumina production. Red Mud is alkaline so it is quite
dangerous to the environment. This compound is produced through the
Bayer process, which is one of the extraction steps of bauxite to
produce alumina.
In its use in various worlds, Red Mud is widely used as cement
fuel and also as a source of Rare Earth Elements, especially for
red mud originating from Ukraine, Russia and China.
How do they take advantage of Red Mud? Here's the review.
RED MUD Composition
The composition owned by Red Mud varies depending on the area of
bauxite in production. Reported by UC Rusal Assessment, which is
the largest red mud processing company in the world originating
from Russia, here are the most frequently used red mud uses:
1. Raw material for making cement
For the use of this category, all categories of red mud that
exist throughout the world can be used as materials for making
cement. Ukraine has made use of this through the Nikolaev Alumina
Refinery company.
2. As an extraction material for Scandium and REE
Utilization of this type is widely carried out in China,
Jamaica, and Russia. This is because...
Pemanfaatan Red Mud, Limbah Hasil Tambang Aluminium
Penulis : Ario Bhismo Nugroho, Editor: Ocky PR.
RED Mud, dalam bahasa indonesia yaitu lumpur merah merupakan
limbah yang di-hasilkan oleh produksi industri alumina. Red Mud
bersifat basa sehingga cukup berbahaya terhadap lingkungan. Senyawa
ini dihasilkan melalui bayer process yang merupakan salah satu
tahap ekstraksi dari bauksit untuk mem-produksi alumina.
Dalam pemanfaatannya di berbagai dunia, Red Mud banyak digunakan
sebagai bahan bakar semen dan juga sebagai sumber Rare Earth
Elements, khususnya untuk red mud yang berasal dari wilayah
Ukraina, Rusia, dan China.
Bagaimana cara mereka memanfaatkan Red Mud? Berikut
ulasannya.
RED MUD Composition
Komposisi yang dimiliki oleh red mud berbeda-beda tergantung
wilayah bauksit di produksi. Dilansir oleh UC Rusal Assesment, yang
merupakan perusahaan pengolahan red mud terbesar di dunia yang
berasal dari Rusia, berikut pemanfaatan red mud yang paling sering
digunakan:
1. Material mentah untuk membuat semen
Untuk pemanfaatan kategori ini, seluruh kategori red mud yang
ada di seluruh dunia dapat digunakan sebagai bahan untuk mem-buat
semen. Pemanfaatan ini telah dilakukan oleh Ukraina melalui
perusahaan Nikolaev Alumina Refinery.
2. Sebagai bahan ekstraksi Scandium dan REE
Pemanfaatan jenis ini banyak dilakukan di negara China, Jamaica,
dan Rusia. Hal ini dikarenakan...
-
IMA-Daily Update Page 25
This is because the red mud content in this country has a high
REE content of 90-150 ppm Sc, 300-350 ppm Y and La, up to 600 ppm
Ce). The development for extracting Scandium has been carried out
in these 3 countries since 2015, the goal is to be able to extract
up to 75% Sc. It is known that Scandium is a material that has good
properties as an aircraft body material. Usually this material will
be combined with aluminum. The proprietary "carbonation" technology
is applied without acid waste to the main Bayer processes in the
application of the Scandium extraction process.
For REE elements such as Dysprosium (Dy) and Nyodymium (Nd) a
pilot project was carried out in 2014 in Jamaica carried out by
Nippon Light Metals in collaboration with the Jamaica Bauxite
Institute. This project was postponed due to a sharp decline in
prices caused by the removal of restrictions on Chinese exports by
the World Trade Organization. In addition, the cause of the
difficulty of running this project was the high production price to
extract REE.
3. Basic materials for steel making
To carry out steel production using red mud, additional
investment is required in iron and steel manufacturing facilities,
namely the blast furnace. This process has been carried out in many
countries such as China, which is the largest producer of Alumina
and the largest consumer in the world. This utilization is
considered effective because the Fe content in red mud is quite a
lot. In China itself, the process of using red mud as a base for
blast furnaces is very dependent on the market price of iron ore.
The Moscow Institue of Steel and Alloys has also devel oped a new
generation of furnaces that can produce pig iron and ore with less
energy consumption.
Hal ini dikarenakan kandungan red mud di negara ini memiliki
kandungan REE yang sangat banyak 90–150 ppm Sc,300-350 ppm Y and
La, sampai 600 ppm Ce). Pengembangan untuk mengekstraksi Scandium
telah dilakkan di 3 negara tersebut sejak 2015, tujuannya adalah
dapat mengekstraksi Sc hingga 75 %. Diketahui Scandium merupakan
salah satu material yang memiliki sifat baik sebagai bahan bodi
pesawat terbang. Biasanya material ini akan dipadukan dengan
Alumunium. Teknologi "karbonasi" eksklusif digunakan tanpa limbah
asam ke proses utama Bayer dalam penerapan proses ekstraksi
Scandium.
Untuk unsur REE seperti Dysprosium (Dy) and Nyodymium (Nd) telah
dilakukan pilot project pada tahun 2014 di jamaica yang dilakukan
oleh Nippon Light Metals bekerja sama dengan Jamaica Bauxite
Institute. Project ini sempat ditunda dikarenakan adanya penurunan
harga yang cukup tajam yang disebabkan oleh adanya penghapusan
pembatasan ekspor China oleh World Trade Organization. Selain itu,
penyebab sulitnya berjalannya project ini adalah harga produksi
yang tinggi untuk mengekstrak REE.
3. Bahan dasar untuk pembuatan baja
Untuk melakukan produksi baja menggunakan red mud, diperlukan
investasi tambahan dalam fasilitas pembuat besi dan baja yaitu
blast furnace. Proses ini sudah banyak dilakukan di berbagai negara
seperti China yang merupa-kan produsen Alumina terbesar sekaligus
konsumen terbesar di dunia. Pemanfaatan ini dinilai efektif
dikarenakan kandungan Fe yang terdapat pada red mud cukup banyak.
Di China sendiri, proses pemanfaatan red mud sebagai bahan dasar
blast furnace sangat tergantung oleh harga pasar biji besi. Moscow
Institue of Steel and Alloys juga telah mengembangkan furnace
generasi terbaru yang dapat memproduksi pig iron dan juga ampas
bijih dengan lebih sedikit mengeluarkan konsumsi energi.
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IMA-Daily Update Page 26
What about the use of red mud in
Indonesia?
Currently, Indonesia already has a bauxite
processing industry located in West
Kalimantan. The industrial development
process will continue until 2021. This
industry is estimated to produce around
4.3 million tons of Chemical Grade Alumina
(CGA) per year and 1.2 million tons of
Smelter Grade Alumina (SGA) per year. So
that the amount of red mud produced is
around 4.4 million tons per year.
Seeing this condition, MIND ID in July 2020
stated firmly that it would make use of red
mud.
The smelter construction is targeted for
completion in 2022, after which a special
smelter will be built to produce red mud.
The construction of the red mud smelter is
currently still in the process of calculating
costs and assessing its economy.
Bagaimana dengan pemanfaatan red
mud di Indonesia?
Saat ini Indonesia sudah memiliki industri
pengolahan bauksit yang terletak di
Kalimantan Barat. Proses pembangunan
industri ini akan terus dilakukan hingga
tahun 2021. Industri ini diperkirakan akan
menghasilkan sekitar 4,3 juta ton Chemical
Grade Alumina (CGA) petahun dan 1,2 juta
ton Smelter Grade Alumina (SGA) pertahun.
Sehingga jumlah red mud yang dihasilkan
berkisar 4,4 juta ton pertahun.
Melihat kondisi ini, MIND ID pada bulan Juli
2020 menyatakan dengan tegas akan
melakukan pemanfaatan terhadap red mud.
Pembangunan smelter tersebut ditargetkan
selesai pada 2022, setelah itu baru akan
dibuat smelter khusus untuk memproduksi
red mud. Pembangunan smelter red mud saat
ini masih dalam tahap penghitungan biaya
dan penilaian mengenai keekonomisannya.
Bad News from India, Coal Prices Will Drop Again?
Tirta Citradi, CNBC Indonesia
NEWCASTLE's benchmark thermal coal price weakened in yesterday's
trading.
This time, the bad news from India has
further weighed on the price of coal which
has fallen.
Tuesday (18/8/2020), the coal price for
actively traded contracts slightly
weakened 0.1% to US$ 50.95/ton after
earlier strengthening to US$ 51/ton.
Kabar Buruk dari India, Harga Batu Bara Mau Nyungsep Lagi?
Tirta Citradi, CNBC Indonesia
HARGA batu bara termal acuan Newcastle melemah pada perdagangan
kemarin. Kali ini kabar buruk dari India semakin memberatkan harga
batu bara yang sudah anjlok.
Selasa (18/8/2020), harga batu bara untuk kontrak yang aktif
diperdagangkan melemah tipis 0,1% ke US$ 50,95/ton setelah pada
perdagangan sebelumnya menguat ke US$ 51/ton.
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IMA-Daily Update Page 27
Argus reported that the state-owned stun company from India,
NTPC, reportedly would not import coal again during the 2020-2021
fiscal year which ends on March 31.
The move follows the projection of lower electricity consumption
due to the Covid-19 pandemic and is a form of government efforts to
prevent coal consumers,
including utility companies from importing coal to boost
domestic coal.
"In this scenario, I don't think we will issue a coal import
tender at least this fiscal year," an NTPC official told Argus.
Utilities, which account for about a quarter of India's
installed coal-fired power generation capacity, have previously
decided to delay receiving most of the coal transported by sea.
The power company is estimated to still receive shipments of
around 1.72 million imported coal from a total of 6.35 million
tonnes contracted during 2019-20 and 2018-19, which should be
sufficient to meet short-term needs.
The country's coal imports fell 1.54 million tonnes from a year
earlier to 10.11 million tonnes last month and marked a five
straight month decline in coal imports.
The steps taken by NTPC are to maintain the pace of recovery in
national coal consumption, given the sti ll weak prospects for
India's economic and industrial activities.
Various bad news that beat back and forth made it difficult for
the commodity prices of the Kangaroo Country and the country to
rise. RESEARCH TEAM CNBC INDONESIA
(twg/twg)
Argus melaporkan perusahaan setrum BUMN asal India NTPC,
dikabarkan tak akan mengimpor batu bara lagi selama tahun fiskal
2020-2021 yang berakhir pada 31 Maret.
Langkah tersebut mengikuti proyeksi konsumsi listrik yang lebih
rendah akibat pandemi Covid-19 dan sebagai bentuk upaya pemerintah
untuk mencegah konsumen batu bara, termasuk perusahaan utilitas
mengimpor batu bara guna men-dongkrak batu bara domestik.
"Dalam skenario ini, saya kira kami tidak akan mengeluarkan
tender impor batu bara setidaknya pada tahun fiskal ini," kata
seorang pejabat NTPC kepada Argus.
Perusahaan utilitas, yang menyumbang sekitar seperempat dari
kapasitas pem-bangkit listrik tenaga batu bara terpasang di India,
sebelumnya telah memutuskan untuk menunda penerimaan sebagian besar
batu bara yang diangkut melalui laut.
Perusahaan listrik tersebut diperkirakan masih menerima
pengiriman sekitar 1,72 juta batu bara impor dari total 6,35 juta
ton yang dikontrak selama 2019-20 dan 2018-19, yang seharusnya
cukup untuk memenuhi kebutuhan jangka pendek.
Impor batu bara negara itu turun 1,54 juta ton dari tahun
sebelumnya menjadi 10,11 juta ton bulan lalu dan menandai penurunan
lima bulan berturut-turut impor batu bara.
Langkah yang dilakukan NTPC adalah untuk mempertahankan laju
pemulihan konsumsi batu bara nasional, mengingat prospek yang masih
lemah untuk aktivitas ekonomi dan industri India.
Berbagai kabar buruk yang mendera silih berganti membuat harga
komoditas unggulan Negeri Kanguru dan Tanah Air itu susah untuk
bangkit. TIM RISET CNBC INDONESIA (twg/twg)
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IMA-Daily Update Page 28
Copper price jumps to 2-year high Frik Els
COPPER prices rallied on Tuesday on the back of falling
inventories, unprecedented Chinese economic stimulus and ongoing
worries about pandemic-hit supply from top producer South
America.
Copper for delivery in September trading in New York changed
hands for $2.9815 a pound ($6,573a tonne) in afternoon trade, up
2.8% from Monday’s settlement.
Copper futures prices are on track for the highest close since
July 2018 and are now up by more than 50% from the covid-19 lows
struck in March.
Stocks down
Copper inventories in warehouses operated by the London Metal
Exchange fell to 107,525 tonnes on Tuesday, down by more than two
thirds over the past year and the lowest since August 2007.
New York Comex and Shanghai Futures Exchange inventories are up
over the past year, but the combined total is still 165,000 tonnes
below August 2019.
Chinese stimulus
Copper prices have also been lifted by top consumer China, where
unprecedented stimulus measures have increased demand for the metal
widely used construction, transportation, industry and electrical
grids.
Since the outbreak of the pandemic, Beijing has issued 4.75
trillion yuan ($683 billion) in local and national debt with a
focus on encouraging infrastructure projects, according to China
Dialogue.
As of the end of June, 63% of funds from local government
special bonds had gone to infrastructure investments, primarily in
transportation, civic infrastructure and industrial parks,
according to figures from GF Securities.
China’s finance ministry has said that 700 billion of the 1
trillion yuan in national special bonds can be used as capital for
infrastructure construction (the remainder is to be used for
general pandemic-related spending).
Soaring imports
Customs data released last week showed China’s unwrought copper
imports (anodes and cathodes) in July rose a stunning 81% from the
same month last year to 762,211 tonnes and a full 16% above the
previous monthly record set in June.
For the first seven months of 2020, imports are running at 21.7
million tonnes annualized, compared to 2019’s record-breaking tally
of 22 million tonnes.
Over the first seven months of the year, imports totalled 3.6m
tonnes, on track to easily beat 2018’s annual record of 5.3m
tonnes.
https://www.mining.com/author/frik/https://chinadialogue.net/en/climate/chinas-economy-is-recovering-quickly-as-are-its-carbon-emissions/
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IMA-Daily Update Page 29
July imports of copper concentrate rose by more than 12% from
June’s 9-month low to 1.795m tonnes, but still down 13.5% from July
last year, due to disruptions at mines in Peru, China’s top
supplier.
Miner BHP confirms plans to exit thermal coal sector The Sydney
Morning Herald:
THE HEAD of mining giant BHP has laid out plans for a reshaping
of its global operations by seeking to quit thermal coal mining,
offload some coking coal mines and reduce its stake in oil and
gas.
Repositioning the company for a lower-carbon future, BHP chief
executive Mike Henry on Tuesday confirmed it was examining options
to divest from its Mt Arthur mine in NSW and the Cerrejon project
in Colombia, both of which mine thermal coal – the kind used in
power stations. Mr. Henry surprised investors by adding that BHP
also intended to exit the BHP-Mitsui Coal joint venture, which
mines coking coal – used in steelmaking – in Queensland, and
https://ieefa.org/miner-bhp-confirms-plans-to-exit-thermal-coal-sector/https://www.smh.com.au/business/companies/bhp-seeking-thermal-coal-exit-profit-falls-short-on-virus-hit-20200817-p55mmj.html
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IMA-Daily Update Page 30
would also seek to find a buyer for its 50 per cent holding in
the Gippsland Basin oil and gas fields off Victoria’s coast.
The announcements were made as BHP, the world’s biggest miner,
revealed an underlying profit of $US9.1 billion ($12.6 billion) for
the financial year on the back of sky-high prices for iron ore. But
the profit fell short of analysts’ expectations of $US9.4
billion.
Thermal coal is the world’s most carbon-intensive energy source
and the focus of rising investor pressure amid concerns surrounding
its contribution to global warming. Rio Tinto, the nation’s
second-largest miner, has already removed all exposure to thermal
coal.
Mr Henry said BHP would seek to exit the thermal and coking coal
assets through either a demerger or a trade sale, while retaining
its holdings in higher-quality coking coal mines. BHP would seek to
grow its exposure to “future-facing” commodities, primarily copper
and nickel – ingredients Mr Henry said would be increasingly
required in the manufacture of green-energy technologies.
BHP’s top earner, iron ore, accounted for 66 per cent of its
full-year earnings. The price of the commodity has defied
predictions it is overdue for a fall and has recently surged above
$US120 a tonne amid robust demand from Chinese steel mills and
softer output from other exporters such as Brazil’s Vale, which has
faced COVID-19 disruptions. Elevated prices of iron ore,
Australia’s most valuable export, have also provided a boost to the
federal budget. [Nick Toscano]
Covid-19 to reduce global lead production by 5.2% in 2020
Published by Simon Matthis
GLOBAL lead production is expected to decline by 5.2% to 4.5
million tonnes (Mt) in 2020. The outbreak of the COVID-19 pandemic
in late December 2019 significantly impacted the mining industry in
the first half of 2020, and continues to do so, says GlobalData, a
leading data and analytics company.
Overall global lead mine production declined by 3.4% in Q1 2020,
compared to the same period in 2019. This was primarily due to the
decline in production in China, India and Kazakhstan due to
COVID-19 restrictions.
Vinneth Bajaj, Senior Mining Analyst at GlobalData, comments:
“In China, production is forecast to decline by 3.5%, to reach
1,985 thousand tonnes (kt) in 2020. The country’s lead mine
production declined in the first quarter of 2020, primarily due to
restrictive measures taken by the government to contain the
virus.
“Several mines and plants had to temporarily cease production
activities due to the shortage of workers who could not return to
mine sites, owing to the prolonged Lunar New Year holidays,
followed by transportation issues due to the lockdown. Although
most of the lead producers gradually restarted mine operations,
lower demand from the automotive sector is expected to constrain
mine production in 2020.”
https://www.miningmetalnews.com/user/30
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IMA-Daily Update Page 31
In Australia, production is forecasted to fall by 4.2%, even
though mining in the country has
not been as severely impacted as in other countries. Production
from the rest of world is
anticipated to decline from 2.2Mt in 2019 to 2Mt in 2020 – a
drop of 7.1%. Significant
declines will be in Peru (8.4%), the US (6.1%) and India
(14.1%).
Bajaj continues: “Looking ahead, lead production over the
forecast period (2021–2024) is
expected to grow at a compound annual growth rate (CAGR) of
4.2%, to reach 5.2Mt in 2024.
Peru, Australia and China will be the key contributors to this
growth. Combined production in
these countries is expected to recover from a forecasted 2.8Mt
in 2021 to 3.3Mt in 2024.”
Bajaj adds: “Key projects expected to commence operations during
the forecast period
include the Abra in Western Australia and the P