Daily News Update Page 1

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Slow, RI is just working on 2 of 7 types of coal downstreaming Lamban, RI Baru Garap 2 dari 7 Jenis Hilirisasi Batu Bara Timah (TINS) develops rare earth metal processing (LTJ) pilot plant Timah (TINS) kembangkan pilot plant pengolahan logam tanah jarang (LTJ) Nickel Price Strengthens, Vale Indonesia (INCO): Beware! Harga Nikel Menguat, Vale Indonesia (INCO): Hati-Hati! BRMS Booked US$ 2.11 Million Profit BRMS Bukukan Laba US$ 2,11 Juta From the loss, DEWA made a profit of US$ 1.05 million in the first semester of 2020 Dari Rugi, DEWA Cetak Untung US$1,05 Juta di Semester I-2020 Apart from Bukit Asam, Four First Generation PKP2B Companies Start Exploring Coal Gasification Selain Bukit Asam, Empat Perusahaan PKP2B Generasi Pertama Mulai Penjajakan Gasifikasi Batu Bara Apart from nickel, coal prices also lifted the mining sector index Selain nikel, harga batubara juga mengangkat indeks sektor pertambangan Freeport President Director: Mining results are closely related to our daily lives Presdir Freeport: Hasil Tambang Erat Kaitannya dengan Keseharian Kita The Gold Mine will operate at Ropang Sumbawa Tambang Emas akan Beroperasi di Ropang Sumbawa Still Continue Rally Dude! Coal Price Now Penetrates US$ 64 Masih Lanjut Reli Bung! Harga Batu Bara Kini Tembus US$ 64 COVID-19 mining disruptions hit Orica's profit, dividend cut

CNBC Indonesia Kontan Bisnis Neraca CNBC Indonesia Dunia Energi Kontan IDN Times Suara NTB CNBC Indonesia The Sydney Morning Herald

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Metso Outotec ups mill relinine equipment capacity with MRM Glencore to expand McArthur River despite sacred sites authority veto Orica to reduce its GHG emissions by at least 40% over the next decade MinRes to supercharge iron ore export capacity Zambia sees increased copper production in first half of 2020 Poland's KGHM sees output continuing despite mine closure risk due to COVID

Int'l Mining Mining.com Int'l Mining Australian Mining CGTN Reuters

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Slow, RI is just working on 2 of 7 types of coal downstreaming

Wilda Asmarini, CNBC Indonesia

THE INDONESIAN government is

increasingly aggressively moving the coal downstream, so that later coal has added value before being sold. In fact, President Joko Widodo has instructed that in the future there will be no more raw coal exports and mining companies must develop coal derivative industries.

Based on data from the Directorate General of Mineral and Coal (Minerba) of the Ministry of Energy and Mineral Resources, there are at least seven types of coal downstream projects that can be worked on. However, from the seven types, Indonesia has only developed two types of coal downstreaming, namely the manufacture of coal briquettes and coal upgrading.

Meanwhile, the other five types have yet to be developed. The five types include surface coal gasification, underground coal gasification (UCG), coal liquefaction, coke production, and coal slurry/coal water mixture (fuel oil).

The following is the development of Indonesia's current coal downstream project:

1. Making coal briquettes

There are two companies developing this project, namely PT Bukit Asam Tbk (PTBA) and PT Thriveni. The investment size for this briquette project is around Rp 200 billion (US$ 15 million). Currently it is commercially developed.

Lamban, RI Baru Garap 2 dari 7 Jenis Hilirisasi Batu Bara Wilda Asmarini, CNBC Indonesia

PEMERINTAH Indonesia semakin gencar

menggerakkan hilirisasi batubara, sehingga nantinya batu bara bernilai tambah sebelum dijual. Bahkan, Presiden Joko Widodo telah menginstruksikan agar ke depannya tak ada lagi ekspor batu bara mentah dan perusaha-an tambang pun harus mengembangkan industri turunan batu bara.

Berdasarkan data Direktorat Jenderal Mineral dan Batu Bara (Minerba) Kemen-terian Energi dan Sumber Daya Mineral, setidaknya ada tujuh jenis proyek hilirisasi batu bara yang bisa dikerjakan. Namun dari tujuh jenis tersebut, Indonesia baru mengembangkan dua jenis hilirisasi batu bara, yakni pembuatan briket batu bara dan peningkatan mutu batu bara (coal upgrading).

Sementara lima jenis lainnya hingga saat ini belum juga dikembangkan. Kelima jenis tersebut antara lain gasifikasi batu bara di permukaan, gasifikasi batu bara di bawah tanah (Underground Coal Gasification/UCG), pencairan batu bara (coal liquefaction), pembuatan kokas, dan coal slurry/coal water mixture (minyak bakar).

Berikut perkembangan proyek hilirisasi batu bara Indonesia saat ini:

1. Pembuatan briket batu bara

Ada dua perusahaan yang mengembangkan proyek ini yaitu PT Bukit Asam Tbk (PTBA) dan PT Thriveni. Adapun besaran investasi untuk proyek briket ini mencapai sekitar Rp 200 miliar (US$ 15 juta). Saat ini sudah komersial dikembangkan.

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2. Improving the quality of coal (coal upgrading)

This is done by PT ZJG Resourc es Technology with an estimated investment of US$ 80-170 million or around Rp. 1.13 trillion - Rp. 2.4 trillion (assuming an exchange rate of Rp. 14,100 per US$). It is already commercially developed.

3. Coal gasification

There are plans developed by:

- PT Bukit Asam, product: DME, methanol.

The holder of a Generation 1 Coal Mining Exploitation Work Agreement (PKP2B) becomes a Special Mining Business License (IUPK):

- KPC, product: methanol

- Arutmin Indonesia, Syngas product (finalization of the study)

- Adaro Indonesia, methanol (still in preliminary study)

- Berau Coal, DME/Hydrogen product (still in preliminary study).

The investment value per project is estimated at US$ 1.5-3 billion. Currently not commercial.

4. Underground Coal Gasification (UCG)

Planned to be developed by:

- PT Kideco Jaya Agung in East Kalimantan (Pilot plant)

- PT Indominco in East Kalimantan

- PT Medco Energi Mining International (MEMI) and Phoenix Energi Ltd in North Kalimantan.

Meanwhile, the projected investment is around US$ 600-800 million, 30-40% lower than surface gasification. But until now it has not been commercial.

2. Peningkatan mutu batu bara (coal upgrading)

Dikerjakan oleh PT ZJG Resources Technology dengan perkiraan investasi US$ 80-170 juta atau sekitar Rp 1,13 tril iun-Rp 2,4 tril iun (asumsi kurs Rp 14.100 per US$). Ini sudah komersial dikembangkan.

3. Gasifikasi batu bara

Ada rencana dikembangkan oleh:

- PT Bukit Asam, produk: DME, methanol.

Pemegang Perjanjian Karya Pengusahaan Pertambangan Batu Bara (PKP2B) Generasi 1 menjadi Izin Usaha Pertam-bangan Khusus (IUPK):

- KPC, produk: methanol

- Arutmin Indonesia, produk Syngas (finalisasi kajian)

- Adaro Indonesia, methanol (masih kajian awal)

- Berau Coal, produk DME/ Hidrogen (masih kajian awal).

Adapun nilai investasi per proyek diper-kirakan mencapai US$ 1,5-3 miliar. Saat ini belum komersial.

4. Underground Coal Gasification (UCG)

Direncanakan dikembangkan oleh:

- PT Kideco Jaya Agung di Kalimantan Timur (Pilot plant)

- PT Indominco di Kalimantan Timur

- PT Medco Energi Mining International (MEMI) dan Phoenix Energi Ltd di Kalimantan Utara.

Adapun proyeksi investasi sekitar US$ 600-800 juta, 30%-40% lebih rendah di-bandingkan gasifikasi permukaan. Namun hingga kini belum komersial.

Daily News Update Page 5

5. Coal liquefaction

Until now, no one has submitted this project to the government. The investment estimate is around US$ 2-4 billion.

6. Making Coke

- The semi cooking coal plant project is planned to be developed by PT Megah Energi Khatulistiwa. Products: Semi Coke, Coal tar.

The investment estimate is around US$ 200-400 million. However, until now it is not commercially complete.

7. Coal slurry/coal water mixture

No one has yet proposed this project to the government. The investment estimate is around US$ 200 million.

Muhammad Wafid, Director of Mineral and Coal Program Development at the Ministry of EMR, said that there are a number of challenges in implementing this coal downstream project. For gasification, for example, he mentioned the challenges for this project, among others, required large investments and the price of DME must be able to compete with subsidized LPG.

"But there are policy proposals for providing incentives and providing subsidies for DME if they are aimed at household needs to replace LPG," he said in a webinar on coal, yesterday, Wednesday (11/18/2020).

Meanwhile, for syngas products, according to him, there are challenges such as a negative environmental image, domestic technology has not been proven. However, there are policy proposals in the form of risk sharing between BUMN and the private sector and the need for govern-ment guarantees regarding continued investment, particularly for UCG. (wia)

5. Pencairan Batu Bara (coal liquefaction)

Hingga kini belum ada yang mengajukan proyek ini ke pemerintah. Adapun per-kiraan investasi sekitar US$ 2-4 miliar.

6. Pembuatan Kokas

- Semi cooking coal plant project di-rencanakan dikembangkan PT Megah Energi Khatulistiwa, produk: Semi Coke, Coal tar.

Perkiraan investasi sekitar US$ 200-400 juta. Namun hingga kini belum secara utuh komersial.

7. Coal slurry/coal water mixture

Belum ada yang mengusulkan proyek ini ke pemerintah. Perkiraan investasi sekitar US$ 200 juta.

Muhammad Wafid, Direktur Pembinaan Program Mineral dan Batu Bara Direktorat Jenderal Mineral dan Batu Bara Kementerian ESDM mengatakan terdapat sejumlah tantangan untuk melaksanakan proyek hilirisasi batu bara ini. Untuk gasif ikasi misalnya, dia menyebutkan tantangan untuk proyek ini antara lain dibutuhkan investasi besar dan harga DME harus mampu berkompetisi dengan LPG subsidi.

"Tapi ada usulan kebijakan untuk pem-berian insentif dan pemberian subsidi untuk DME jika ditujukan bagi kebutuhan rumah tangga untuk menggantikan LPG," ujarnya dalam webinar tentang batu bara, kemarin, Rabu (18/11/2020).

Sementara untuk produk syngas menurut-nya ada tantangan seperti citra lingkungan negatif, teknologi dalam negeri belum terbukti. Namun demikian, ada usulan kebijakan berupa berbagi risiko antara BUMN dan swasta dan perlunya jaminan pemerintah terkait kelanjutan investasi, khususnya untuk UCG. (wia)

Daily News Update Page 6

Timah (TINS) develops rare earth metal processing (LTJ)

pilot plant Reporter: Dimas Andi | Editor: Anna Suci

Perwitasari

PT TIMAH Tbk (TINS) seeks to carry out

strategic initiative projects for the development of rare earth metals (LTJ). This is in line with the potential of LTJ as a commodity that can be utilized in cutting-edge industries.

Timah Corporate Secretary Muhammad Zulkarnaen said that his party had built a pilot plant for processing monazite into Rare Earth Hydroxide (REOH) in Tanjung Ular, West Bangka since 2015.

Until now, TINS is trying to optimize the process improvement and product quality of the REOH Pilot Plant by comparing the technology developed at the Nuclear Extraction Technology Center (PTBGN) - the National Nuclear Energy Agency (BATAN).

"After that , the pilot plant will be developed as a companion to a commercial plant in the context of feed test work to become a process reference in industrial scale commercial factories," he explained, Thursday (19/11).

He continued, TINS together with MIND ID as the holding of the SOE mining holding continued to make efforts to accelerate the development of LTJ. This step starts from collecting data on resources based on exploration activities to obtaining certainty about the fulfil lment of business sustainability in collaboration with related institutions.

Timah (TINS) kembangkan pilot plant pengolahan logam tanah

jarang (LTJ) Reporter: Dimas Andi | Editor: Anna Suci

Perwitasari

PT TIMAH Tbk (TINS) berupaya men-

jalankan proyek inisiatif strategis pengem-bangan logam tanah jarang (LTJ). Hal ini seiring potensi LTJ sebagai komoditas yang dapat dimanfaatkan dalam industri mutakhir.

Sekretaris Perusahaan Timah Muhammad Zulkarnaen mengatakan, pihaknya telah membangun Pilot Plant pengolahan monasit menjadi Rare Earth Hydroxide (REOH) di Tanjung Ular, Bangka Barat sejak tahun 2015 silam.

Hingga saat ini, TINS sedang mencoba mengoptimalkan perbaikan proses dan kualitas produk Pilot Plant REOH dengan mengkomparasikan teknologi yang di-kembangkan di Pusat Teknologi Bahan Galian Nuklir (PTBGN) – Badan Tenaga Nuklir Nasional (BATAN).

“Setelah itu, pilot plant tersebut akan dikembangkan sebagai pendamping commercial plant dalam rangka feed test work untuk menjadi acuan proses di pabrik komersial skala industri,” jelas dia, Kamis (19/11).

Dia melanjutkan, TINS bersama MIND ID selaku induk holding pertambangan BUMN terus melakukan upaya percepatan pengembangan LTJ. Langkah ini dimulai dari pengumpulan data sumber daya berdasarkan kegiatan eksplorasi sampai diperolehnya kepastian pemenuhan keberlanjutan usaha yang bekerja sama dengan institusi terkait.

Daily News Update Page 7

TINS management , a member of the Kompas100 index, said that the technology used in the processing of LTJ is a closed and strategic geopolitical technology. "Hence, the project focus at TINS is currently selecting technology and technology providers," said Zulkarnaen.

The choice of this technology is of course also related to environmentally friendly parameters, intermediate or downstream product yield, proven reliability in development, and of course the technology must be bankable.

Not only that, Zulkarnaen emphasized that the partnership that TINS will undertake is not only limited to providing technology, but it is also hoped that a partnership as an off-taker for LTJ products in the future.

Citing the previous news, the development of LTJ is still in its early stages. The government itself is drafting regulations related to the processing and utilization of LTJ, which rules are drawn up through discussions across ministries and institutions. This regulation also involves BATAN because apart from being categorized as an associated mineral, LTJ also contains radioactive elements.

Manajemen TINS, anggota indeks Kompas100 ini, menyebut, teknologi yang digunakan dalam pengolahan LTJ merupakan teknologi yang tertutup dan strategis secara geopolitik. “Makanya, fokus proyek di TINS saat ini me-lakukan pemilihan teknologi dan technology provider,” ungkap Zulkarnaen.

Pemilihan teknologi ini tentu berkaitan juga dengan parameter ramah lingkungan, yield product antara intermediate ataupun hilir, proven reliability dalam pengembangan, serta tentu saja teknologi tersebut harus bankable.

Tak hanya itu, Zulkarnaen menegaskan bahwa kemitraan yang akan dilakukan TINS tak hanya sebatas penyediaan teknologi, melainkan diharapkan juga kemitraan sebagai offtaker produk LTJ di masa men-datang.

Mengutip berita sebelumnya, pengem-bangan LTJ sebenarnya masih di tahap awal. Pemerintah sendiri sedang menyusun regulasi terkait pengolahan dan peman-faatan LTJ yang mana aturan tersebut disusun melalui pembahasan di lintas kementerian dan lembaga. Regulasi ini juga melibatkan BATAN lantaran selain di-kategorikan sebagai mineral ikutan, LTJ juga mengandung unsur radio aktif.

Nickel Price Strengthens, Vale

Indonesia (INCO): Beware! Finna U. Ulfah

THE INCREASE in global nickel prices in

the last few months that nickel mining companies have been enjoying could turn into negative sentiment that weighed on their performance if not treated with caution.

Harga Nikel Menguat, Vale

Indonesia (INCO): Hati-Hati! Finna U. Ulfah

KENAIKAN harga nikel global dalam

beberapa bulan terakhir yang tengah dinikmati emiten pertambangan nikel bisa berubah menjadi sentimen negatif pem-berat kinerja jika tidak disikapi dengan kehati-hatian.

Daily News Update Page 8

Finance Director of PT Vale Indonesia Tbk. Bernardus Irmanto said that the current

position of global nickel prices is increasingly discouraging producers from

braking or reducing their production, even though demand is still going quite slowly

along with the Covid-19 pandemic.

Based on Bloomberg data, at the close of trading Tuesday (11/17/2020) the price of

nickel on the London stock exchange parked at US$ 15,926 per ton, up 0.29.

During the last six months of trading nickel prices have strengthened 33.09 percent,

while year to date the price has increased 12 percent.

"Industry players must pay attention to the balance of demand and supply in the

future, so that the prospect of over supply can be minimized," said Irmanto to Bisnis,

Wednesday (11/18/2020).

Meanwhile, when the market experiences

an over supply, it is likely that the nickel price will weaken again and can end up

weighing on the performance of nickel issuers. In fact, until the third quarter of

2020 the performance of nickel mining issuers has been successful, supported by

the price increase.

The issuer coded INCO shares, for example, posted a fantastic growth in profit for the

period attributable to the parent entity of 47,800 percent to US$ 76.64 million by the

third quarter of 2020, compared to the same period in 2019 of US$ 160,000.

Meanwhile, another nickel mining company, PT Aneka Tambang Tbk.

(ANTM), also posted a profit growth for the current year attributable to the parent

entity of 30.2 percent to Rp 835.78 billion by the third quarter of 2020 compared to

the same period in 2019 Rp 641.5 billion.

Direktur Keuangan PT Vale Indonesia Tbk. Bernardus Irmanto mengatakan bahwa posisi harga nikel global saat ini semakin mengurungkan niat produsen untuk mengerem atau menurunkan produksinya, padahal permintaan masih melaju cukup lambat seiring dengan pandemi Covid-19.

Berdasarkan data Bloomberg, pada penu-tupan perdagangan Selasa (17/11/2020) harga nikel di bursa London parkir di level US$15.926 per ton, menguat 0,29. Sepan-jang enam bulan perdagangan terakhir harga nikel telah menguat 33,09 persen, sedangkan secara year to date harga naik 12 persen.

"Para pelaku industri harus memper-hatikan kesimbangan permintaan dan pasokan ke depan, supaya prospek over supply bisa diminimalkan," ujar Irmanto kepada Bisnis, Rabu (18/11/2020).

Adapun, ketika pasar mengalami over supply maka kemungkinan besar harga nikel akan kembali melemah dan berujung dapat membebani kinerja emiten nikel. Padahal, hingga kuartal III/2020 kinerja emiten pertambangan nikel berhasil moncer didukung oleh kenaikan harga itu.

Emiten berkode saham INCO itu contoh-nya, membukukan pertumbuhan fantastis laba periode berjalan yang dapat di-atribusikan kepada entitas induk sebesar 47.800 persen menjadi US$76,64 juta hingga kuartal III/2020, dibandingkan dengan periode yang sama 2019 sebesar US$160.000.

Sementara itu, emiten pertambangan nikel lainnya, PT Aneka Tambang Tbk. (ANTM), juga membukukan pertumbuhan laba tahun berjalan yang dapat diatribusikan kepada entitas induk sebesar 30,2 persen menjadi Rp835,78 miliar hingga kuartal III/2020 dibandingkan dengan periode yang sama 2019 Rp641,5 miliar.

Daily News Update Page 9

On the other hand, too high a nickel price will make it more difficult to penetrate electric cars globally, given that this commodity is the raw material for electric vehicle batteries.

Meanwhile, the global electric car company Tesla still has problems producing low cost electric batteries. Tesla's efforts to reduce the cost of electric batteries are increasing the nickel portion and reducing the cobalt portion in the battery.

However, according to some analysts, the current nickel price is still high enough to be able to produce low-cost batteries.

"So if the battery cost can be reduced and the battery technology is more mature, then the 'inflection point; which is expected so that customers can switch to electric cars can happen," said Irmanto.

He also explained that when the inflection point occurs it can encourage the world nickel market to grow bigger and Indonesia can really play a strategic role because it has enormous limonite reserves. Editor: Hafiyyan

Di sisi lain, harga nikel yang terlalu tinggi akan semakin mempersulit penetrasi kendaraan mobil listrik secara global mengingat komoditas itu merupakan bahan baku baterai kendaraan listrik.

Adapun, perusahaan mobil listrik global Tesla hingga saat ini masih memiliki kendala dalam memproduksi baterai listrik dengan biaya murah. Upaya yang dilakukan Tesla untuk menekan biaya baterai listrik saat ini adalah menaikkan porsi nikel dan me-nurunkan porsi kobalt dalam baterai.

Namun, menurut beberapa analis harga nikel saat ini juga masih cukup tinggi untuk bisa memproduksi baterai berbiaya murah.

“Jadi kalau biaya baterai bisa ditekan serta teknologi baterai sudah makin matang, maka ‘inflection point; yang diharapkan supaya customer bisa beralih ke mobil listrik bisa terjadi,” papar Irmanto.

Dia pun menjelaskan ketika inflection point itu terjadi dapat mendorong pasar nikel dunia akan bertambah besar dan Indonesia bisa benar-benar memainkan peran strategis karena memiliki cadangan limonite yang sangat besar. Editor : Hafiyyan

BRMS Booked US$ 2.11 Million Profit

By: Ahmad Nabhani

AS OF August 2020, PT Bumi Resources

Minerals Tbk. (BRMS) earned a profit of US$ 2.11 million. With an estimated exchange rate of Rp. 14,000, the net profit achievement is equivalent to Rp. 29.54 billion. From the revenue post, BRMS earned US$ 3.19 billion or Rp.44.66 billion. This information was conveyed by the company in a press release in Jakarta yesterday.

BRMS Bukukan Laba US$ 2,11 Juta

Oleh: Ahmad Nabhani

PER Agustus 2020, PT Bumi Resources Minerals Tbk. (BRMS) meraih laba US$2,11 juta. Dengan estimasi kurs Rp14.000, maka raihan laba bersih itu setara dengan Rp29,54 miliar. Dari pos pendapatan, BRMS meraup US$3,19 miliar atau Rp44,66 miliar. Informasi tersebut disampaikan perseroan dalam siaran persnya di Jakarta, kemarin.

Daily News Update Page 10

The net profit achievement as of August 2020 is up from the end of 2019 valued at US$ 1.2 million. However, the revenue for the first 8 months of 2020 decreased from US$ 4.46 billion at the end of 2019. Meanwhile, BRMS succeeded in producing 54.55 kg of precious metal ore. Meanwhile, gold metal production reached 17.76 kg.

Suseno Kramadibrata, President Director of BRMS, said that gold production from the mine site in Poboya, Palu, Sulawesi continues to increase. The high selling price of gold also supports the company's business. Therefore, financial performance is getting better. "Our subsidiary, PT Citra Palu Minerals ("CPM") is currently operating the first processing plant with full capacity (500 tons of ore per day)," he explained.

Yesterday, PT Bumi Resources Minerals Tbk., Reported that it will hold an action to increase capital with pre-emptive rights (HMETD) or a rights issue with a total fund raised of Rp1.6 trillion. Based on the company's disclosure on the Indonesia Stock Exchange, the mining issuer will issue a maximum of 22.9 billion series b common shares from portepel with a nominal value of Rp 50 at an exercise price of Rp 70 per share. Thus, the company has the potential to raise fresh funds of up to Rp1.6 trillion.

Bumi Resources Minerals management explained that the proceeds from the action after deducting all emissions costs will be used for business development amounting to US$ 76.25 million or equivalent to Rp1,114 trillion. In addition, US$ 29.8 million or the equivalent of Rp435 billion will be used to settle bills for operational activities and business unit development, including preparations for the construction and operation of a gold ore processing plant with a capacity of 500 tons per day that has been paid by PT Bumi Resources Tbk. (BUMI).

Raihan laba bersih per Agustus 2020 itu menanjak dari akhir 2019 senilai US$1,2 juta. Namun, pendapatan 8 bulan pertama 2020 itu menurun dari US$4,46 miliar per akhir 2019. Sementara itu, BRMS berhasil memproduksi 54,55 kg bijih logam mulia. Adapun, produksi logam emas mencapai 17,76 kg.

Suseno Kramadibrata, Direktur Utama BRMS mengatakan, produksi emas dari lokasi tambang di Poboya, Palu, Sulawesi, terus meningkat. Harga jual emas yang masih cukup tinggi juga mendukung bisnis per-usahaan. Oleh karenanya, kinerja keuangan semakin membaik. “Anak usaha kami, PT Citra Palu Minerals (“CPM”) saat ini tengah mengoperasikan pabrik pengolahan yang pertama dengan kapasitas penuh (500 ton bijih per hari)," paparnya.

Kemarin, PT Bumi Resources Minerals Tbk., melaporkan akan menggelar aksi penam-bahan modal dengan hak memesan efek terlebih dahulu (HMETD) atau rights issue dengan total dana yang dihimpun mencapai Rp1,6 triliun. Berdasarkan keterbukaan infor-masi perseroan di Bursa Efek Indonesia, emiten pertambangan ini akan menerbitkan sebanyak-banyaknya 22,9 miliar saham biasa seri b dari portepel bernilai nominal Rp50 dengan harga pelaksanaan Rp70 per saham. Dengan demikian, perseroan ber-potensi menghimpun dana segar mencapai Rp1,6 triliun.

Manajemen Bumi Resources Minerals men-jelaskan bahwa dana hasil aksi itu setelah dikurangi biaya emisi seluruhnya akan diguna-kan untuk pengembangan usaha sebesar US$76,25 juta atau setara Rp1,114 triliun. Selain itu, sebesar US$29,8 juta atau setara Rp435 miliar akan digunakan untuk pelunasan tagihan dalam rangka kegiatan operasional dan pengembangan unit usaha, termasuk persiapan pelaksanaan konstruksi dan peng-operasian pabrik pengolahan bijih emas dengan kapasitan 500 ton per hari yang telah dibayarkan PT Bumi Resources Tbk. (BUMI).

Daily News Update Page 11

Then the rest will be used to finance working capital for operational activities related to the gold and silver mining project operated by PT Citra Palu Minerals and the copper, gold and silver mining project operated by PT Gorontalo Minerals.

Kemudian sisanya akan digunakan untuk pembiayaan modal kerja untuk kegiatan operasional terkait dengan proyek tambang emas dan perak yang dioperasikan oleh PT Citra Palu Minerals dan proyek tambang tembaga, emas dan perak yang dioperasikan oleh PT Gorontalo Minerals.

From the loss, DEWA made a profit of US$ 1.05 million in the

first semester of 2020 Rahajeng Kusumo Hastuti, CNBC Indonesia

PT DARMA Henwa Tbk (DEWA) posted a

profit of US$ 1.05 million in the first half of 2020, after recording a loss in the same period of US$ 1.57 million.

This profit was supported by a 30.5% increase in revenue in the first semester to US$ 169.11 million, compared to US$ 129.57 million in the first semester of 2019. In addition, the company also recorded an increase in assets of 5.6 percent to US$ 580.83 million, compared to the same period last year of US$ 549 million.

The increase in revenue was contributed by the coal sector, which is the focus of the Company's business today. All mines managed by the Company recorded an increase in revenue.

DEWA Chief Investor Relations and Corporate Secretary Mukson Arif Rosyidi said in his official broadcast that revenue from the Bengalon coal mine project in East Kalimantan owned by PT Kaltim Prima Coal increased 36.30% from US$ 92.34 million to US$ 125.86 million.

Dari Rugi, DEWA Cetak Untung US$1,05 Juta di Semester I-

2020 Rahajeng Kusumo Hastuti, CNBC Indonesia

PT DARMA Henwa Tbk (DEWA) men-

catatkan laba US$ 1,05 juta pada semester

I-2020, setelah mencatatkan rugi pada periode yang sama senilai US$ 1,57 juta.

Laba ini ditopang oleh peningkatan pen-dapatan 30,5% pada semester I menjadi

US$ 169,11 juta, dibandingkan semester I-2019 senilai US$ 129,57 juta. Selain itu

perusahaan juga mencatatkan peningkatan aset 5,6% menjadi US$ 580,83 juta, di-

bandingkan periode yang sama tahun lalu US$ 549 juta.

Kenaikan pendapatan ini dikontribusikan oleh sektor batubara yang menjadi fokus bisnis Perseroan saat ini. Seluruh tambang yang dikelola Perseroan mencatatkan kenaikan pendapatan.

Chief Investor Relation and Corporate Secretary DEWA Mukson Arif Rosyidi dalam siaran resminya mengatakan pen-dapatan dari proyek tambang batubara Bengalon di Kalimantan Timur milik PT Kaltim Prima Coal naik 36,30% dari US$ 92,34 juta menjadi US$ 125,86 juta.

Daily News Update Page 12

Then, revenue from the Asam Asam coal mine project in South Kalimantan owned by PT Arutmin Indonesia grew 5.84% from US$ 32.35 million to US$ 34.24 million. In addition, revenues from the Satui coal mine project in South Kalimantan owned by PT Cakrawala Langit Sejahtera increased significantly by 87.43% from US$ 4.26 million to US$ 7.99 million.

"DEWA's improved fundamentals are reflected in the improved financial condition of the first half of 2020. With better operational performance as the Company's productivity increases in the mine, it is hoped that DEWA's financial condition will be better in the future," said Mukson in his recent official broadcast.

Meanwhile, DEWA's performance in the non-coal sector began to increase. In the first semester of 2020, DEWA received income from infrastructure work, gold mining and processing, as well as land preparation projects for industrial estates.

Bank debt and the Company's finance lease payables have also decreased due to payments made to creditors. With this, DEWA's Debt to Equity Ratio (DER) has also decreased from 0.49x at the end of 2019 to 0.44x in the first semester of 2020.

Mukson said that his party also maintains an increase in coal production (coal delivery), despite a number of obstacles faced. Until the end of the third quarter of 2020, DEWA recorded coal production of 12.77 million tons, up 11.61% compared to 11.44 million tons at the end of the third quarter of 2019.

Coal production at the Bengalon coal mine in East Kalimantan contributed the largest portion, namely 54.84% of DEWA's total coal production. Meanwhile, overburden removal from the Bengalon coal mine contributed 70.17 percent to the Company's total overburden removal.

Kemudian, pendapatan dari proyek tambang batubara Asam Asam di Kalimantan Selatan milik PT Arutmin Indonesia tumbuh 5,84% dari US$ 32,35 juta menjadi US$ 34,24 juta. Selain itu, pendapatan dari proyek tambang batubara Satui di Kalimantan Selatan milik PT Cakrawala Langit Sejahtera naik signifikan sebesar 87,43% dari US$ 4,26 juta menjadi US$ 7,99 juta.

"Fundamental DEWA yang membaik tercermin dari kondisi keuangan semester pertama 2020 yang mengalami peningkatan. Dengan kinerja operasional yang semakin baik seiring pening-katan produktivitas Perseroan di tambang, diharapkan kondisi keuangan DEWA pun semakin baik ke depannya," kata Mukson dalam siaran resminya belum lama ini.

Sementara, kinerja DEWA pada sektor non-batubara pun mulai naik. Pada semester I-2020, DEWA memperoleh pendapatan dari pekerjaan infrastruktur, penambangan dan pengolahan emas, serta proyek persiapan lahan untuk kawasan industri.

Utang bank dan utang sewa pembiayaan Perseroan juga mengalami penurunan karena telah dilakukannya sejumlah pembayaran kepada kreditur. Dengan ini, rasio utang ter-hadap modal atau Debt to Equity Ratio (DER) DEWA pun menurun dari 0,49x di akhir 2019 menjadi 0,44x pada semester I-2020.

Mukson mengatakan pihaknya juga memper-

tahankan kenaikan produksi batubara (coal

delivery), meski terdapat sejumlah kendala

yang dihadapi. Sampai akhir kuartal III-2020, DEWA catatkan produksi batubara sebesar 12.77 juta ton, naik 11,61% dibandingkan

11,44 juta ton pada akhir kuartal ketiga 2019.

Produksi batubara pada tambang batubara Bengalon di Kalimantan Timur menyumbang porsi terbesar yakni 54,84% terhadap total produksi batubara DEWA. Sementara, pengupasan tanah atau overburden removal tambang batubara Bengalon berkontribusi 70,17% terhadap total overburden removal Perseroan.

Daily News Update Page 13

From January to September 2020, DEWA's total overburden removal reached 86.03

million bcm. This figure is an increase of 4.02% compared to 82.70 million bcm in

the same period 2019.

"Due to weather constraints in all locations

where the Company's project works have resulted in muddy and slippery road

conditions, DEWA is still able to maintain a fairly good performance growth," said

Mukson.

He added that the increase in overburden

removal and coal production was supported by improved equipment

performance with high availability of equipment, successful equipment repair,

better equipment utilization. In addition, the mining sequences were better

executed. (dob/dob)

Sepanjang Januari hingga September 2020, total overburden removal DEWA mencapai

86,03 juta bcm. Angka ini meningkat 4,02% dibandingkan 82.70 juta bcm pada

periode yang sama 2019.

"Adanya kendala cuaca di semua lokasi

pengerjaan proyek Perseroan yang meng-akibatkan kondisi jalan berlumpur dan

licin, DEWA tetap mampu mempertahan-kan pertumbuhan kinerja yang cukup

baik," kata Mukson.

Dia menambahkan bahwa kenaikan over-

burden removal dan produksi batubara ini didukung oleh perbaikan kinerja alat

dengan tingginya ketersediaan peralatan, berhasilnya perbaikan peralatan, peman-

faatan peralatan yang semakin baik. Selain itu, pengerjaan urutan penambangan pun

dilakukan dengan lebih baik. (dob/dob)

Apart from Bukit Asam, Four First Generation PKP2B

Companies Start Exploring Coal

Gasification Rio Indrawan

THE DOWNSTREAMING of coal will be

the government's main focus in the next few years. This is natural considering that the world has started to abandon coal as fuel.

Muhammad Wafid Agung, Director of the Mineral and Coal (Minerba) Program at the Ministry of EMR, said that coal develop-ment consists of six schemes. First, improving the quality of coal (coal upgrading). Second, the manufacture of coal briquettes. Third, making coke. Fourth, coal liquefaction.

Selain Bukit Asam, Empat Perusahaan PKP2B Generasi Pertama Mulai Penjajakan

Gasifikasi Batu Bara Rio Indrawan

HILIRISASI batu bara akan menjadi fokus

utama pemerintah dalam beberapa tahun ke depan. Ini wajar mengingat dunia sudah mulai meninggalkan batu bara sebagai bahan bakar.

Muhammad Wafid Agung, Direktur Bina Program Mineral dan Batubara (Minerba) Kementerian ESDM, mengungkapkan pengem-bangan batu bara terdiri dari enam skema. Pertama, peningkatan mutu batu bara (coal upgrading). Kedua, pembuatan briket batu bara. Ketiga, pembuatan kokas. Keempat, pencairan batu bara (coal liquefaction).

Daily News Update Page 14

Fifth, coal gasification, including under-ground coal gasification. And sixth, coal slurry or coal water mixture.

The utilization of coal can be done through the construction of the PLTU itself at the mouth of the mine. Of the increased value added, only two have reached the commercial stage.

"There are only two commercial ones, coal upgrading and coal briquette manufac-turing," said Wafid, Thursday (19/11).

Wafid said that for the development of coal with the gasi fication type, several

companies were already exploring it. namely PT Bukit Asam Tbk (PTBA) with

Dimethyl Ether (DME), Methanol and MEG products. As well as Bukit Asam, four first-

generation PKP2B companies have also been exploring to become IUPKs.

The four PKP2Bs are PT KPC with methanol products, PT Arutmin Indonesia with SNG products which are currently in the finalization stage of the study. PT Adaro Indonesia with methanol products (still in preliminary study), and PT Berau Coal with DME/Hydrogen products (still in preliminary assessment). Admittedly, the investment range for this project is quite large, around US$ 1.5 billion - US$ 3 billion.

Next is the Underground Coal Gasification (UCG) which has been assessed by three companies. Namely PT Kideco Jaya Agung in East Kalimantan (pilot plant), PT Indominco in East Kalimantan, PT Medco Energi Mining International (MEMI) and Phoenix Energy Ltd in North Kalimantan.

The investment for the UCG project is estimated to be 30% - 40% lower than surface gasification. "The project invest-ment is around US$ 600 million - US$ 800 million," said Wafid.

Kelima, gasifikasi batu bara, termasuk underground coal gasifikasi. Dan keenam, coal slurry atau coal water mixture.

Untuk pemanfaatan batu bara bisa dilakukan melalui pembangunan sendiri PLTU di mulut tambang. Dari peningkatan nilai tambah tersebut baru ada dua yang telah mencapai tahap komersial.

“Yang sudah komersial baru dua, coal upgrading dan pembuatan briket batu-bara,” kata Wafid, Kamis (19/11).

Wafid mengatakan untuk pengembangan batu bara dengan jenis gasifikasi, sudah ada beberapa perusahaan yang melakukan penjajakan. yaitu PT Bukit Asam Tbk (PTBA) dengan produk Dimethyl Ether (DME), Methanol dan MEG. Selain Bukit Asam, penjajakan juga sudah dilakukan oleh empat perusahaan PKP2B generasi pertama yang akan menjadi IUPK.

Keempat PKP2B tersebut adalah PT KPC dengan produk methanol, PT Arutmin Indonesia dengan produk SNG yang saat ini sedang tahap finalisasi kajian. PT Adaro Indonesia dengan produk methanol (masih kajian awal), dan PT Berau Coal dengan produk DME/Hydrogen (masih kajian awal). Kisaran investasi untuk proyek ini memang diakui cukup besar sekitar US$1,5 miliar – US$3 miliar.

Berikutnya adalah Underground Coal Gasification (UCG) penjajakan sudah dilakukan oleh tiga perusahaan. Yakni PT Kideco Jaya Agung di Kalimantan Timur (pilot plant), PT Indominco di Kalimantan Timur, PT Medco Energi Mining Inter-national (MEMI) dan Phoenix Energy Ltd di Kalimantan Utara.

Investasi untuk proyek UCG ditaksir 30%-40% lebih rendah dibandingkan gasifikasi dipermukaan. “Investasi proyeknya ber-kisar US$600 juta - US$800 juta,” tukas Wafid.

Daily News Update Page 15

The next downstreaming is the manufacture of coke. This project has been explored by PT Megah Energi Khatulistiwa (MEK) with semi-cocoa and coal tar products. The investment value is estimated at US$ 200 million - US$ 400 million.

Then there is also an increase in coal quality (coal upgrading) that has been carried out by PT ZIG Resources Technology. The investment for this project is around US$ 80 million - US$ 170 million and is already commercial.

As well as the manufacture of coal briquettes with an investment of Rp200 billion or around US$ 15 million, this is already in the commercial stage. Companies that have been working on it are Bukit Asam and PT Thriveni.

There is also downstream through coal l iquefaction. The project, which is estimated at US$ 2 billion - US$ 4 billion, has not yet been proposed by the company.

Seventh, coal slurry/coal water mixture. The project of around US$ 200 million - US$ 320 million has yet to be proposed by the company.

Wafid said that currently the priority of coal downstream products is in the form of DME and methanol through the coal gasification process. This is because DME and methanol can reduce imports and substitute fuel, BBG, and basic chemical industry raw materials.

"One of them is LPG, which has been imported up to 75% -78%. Quite burdensome for state finances. Hopefully this can be overcome with DME from coal gasification," he said.

Also, the demand for methanol in Indonesia is estimated to reach 2.1 million tons in 2025, of which 1.6 million tons will be obtained through imports. "The need for imports is what we want to be replaced by downstream coal products," said Wafid. (RI)

Hilirisasi berikutnya adalah pembuatan kokas. Proyek ini sudah dijajaki oleh PT Megah Energi Khatulistiwa (MEK) dengan produk semi cokes dan coal tar. Nilai investasi diperkirakan US$ 200 juta – US$ 400 juta.

Kemudian ada juga peningkatan mutu batu bara (coal upgrading) yang sudah dilakukan oleh PT ZIG Resources Technology. Investasi untuk proyek ini sekitar US$ 80 juta - US$ 170 juta dan sudah komersial.

Serta pembuatan briket batu bara dengan investasi Rp200 miliar atau sekitar US$15 juta ini sudah tahap komersial. Perusahaan yang sudah mengerjakannya adalah Bukit Asam dan PT Thriveni.

Ada juga hilirisasi melalui pencairan batu bara (coal liquafaction). Proyek yang diper-kirakan sebesar US$2 miliar - US$4 miliar ini hingga sekarang belum ada perusahaan yang mengusulkan.

Ketujuh, coal slurry/coal water mixture. Proyek sekitar US$200 juta – US$320 juta ini juga masih belum ada perusahaan yang mengusulkan.

Wafid mengatakan, saat ini prioritas produk hilirisasi batu bara ialah berupa DME dan metanol melalui proses gasifikasi batu bara. Pasalnya, DME dan methanol bisa mengu-rangi impor dan mensubstitusi BBM, BBG, dan bahan baku industri kimia dasar.

“Salah satunya adalah LPG yang selama ini diimpor 75% - 78%. Cukup memberatkan keuangan negara. Ini diharapkan bisa diatasi dengan DME hasil gasifikasi batu-bara,” ujarnya.

Juga untuk kebutuhan metanol di Indonesia yang diperakirakan mencapai 2,1 juta ton pada tahun 2025, yang sekitar 1,6 juta ton diperoleh melalui impor. “Kebutuhan impor ini lah yang kita inginkan untuk bisa diganti dengan hasil hilirisasi batu bara,” kata Wafid. (RI)

Daily News Update Page 16

Apart from nickel, coal prices also lifted the mining sector

index Reporter: Akhmad Suryahadi | Editor:

Wahyu T. Rahmawati

THE MINING sector index is still the index

with the highest strengthening today. Quoting statistical data from the Indonesia Stock Exchange (IDX), Thursday (19/11), since the beginning of the year or on a year-to-date (ytd) basis, the index containing coal mining and mineral issuers has strengthened 2.13%.

The mining sector index is the only sectoral index that has strengthened to date. In fact, the Composite Stock Price Index (JCI) was still down 11.20%.

The increase in the mining sector index is inseparable from the stable global coal price, which is currently steadily above the level of US$ 60 per ton. Quoting Bloomberg, as of Wednesday (18/11) the price of ICE Newcastle coal for delivery in January 2021 was at the level of US$ 63.30 per ton.

Research Analyst at Phill ip Sekuritas Indonesia Debbie Naomi Panjaitan assessed that the main positive sentiment that drove the Newcastle coal spot price was the progress of the Covid-19 vaccine. When investors have finished digesting this sentiment because it was over-shadowed by the new Covid-19 case and made countries impose lockdowns again, coal will stil l maintain its price performance.

Debbie continued, this is supported by at least two sentiments, including the govern-ment's plan to develop electric cars.

Selain nikel, harga batubara juga mengangkat indeks sektor

pertambangan Reporter: Akhmad Suryahadi | Editor:

Wahyu T. Rahmawati

INDEKS sektor pertambangan masih men-jadi indeks dengan penguatan tertinggi saat ini. Mengutip data statistik Bursa Efek Indonesia (BEI), Kamis (19/11), sejak awal tahun atau secara year-to-date (ytd), indeks yang berisi emiten tambang batu-bara hingga mineral tersebut menguat 2,13%.

Indeks sektor tambang menjadi satu-satunya indeks sektoral yang menguat hingga saat ini. Bahkan, Indeks Harga Saham Gabungan (IHSG) masih tercatat turun 11,20%.

Kenaikan indeks sektor pertambangan ini tidak terlepas dari stabilnya harga batu-bara global, yang saat ini anteng di atas level US$ 60 per ton. Mengutip Bloomberg, per Rabu (18/11) harga batuabara ICE Newcastle untuk pengiriman Januari 2021 berada di level US$ 63,30 per ton.

Research Analyst Phill ip Sekuritas Indonesia Debbie Naomi Panjaitan menilai, sentimen positif utama yang mendorong harga spot batubara acuan Newcastle adalah kemajuan vaksin Covid-19. Ketika investor telah selesai mencerna sentimen tersebut karena dibayangi dengan kasus baru Covid-19 dan membuat negara-negara kembali memberlakukan lockdown, batubara tetap mempertahankan kinerja harganya.

Debbie melanjutkan, hal ini didukung oleh setidaknya dua sentimen, antara lain adalah rencana pemerintah untuk mengembangkan mobil listrik.

Daily News Update Page 17

The development of electric cars does not only have an impact on nickel, but also coal.

"Considering that coal plays an important role in vehicle steel production and factory electricity production," said Debbie when contacted by Kontan.co.id , Thursday (19/11). Investors then digested the government's move to hunt down mining sector shares.

The second positive sentiment came from coal demand from China and India. The demand for coal in India is increasing along with the increasing industrial activity.

Meanwhile in China, although it still imposes restrictions on coal imports plus steps to ban Australian coal imports, the Bamboo Curtain country adds import channels from other countries due to the demand for coal that still exists. The countries in question are Russia, South Africa, Colombia, and of course Indonesia, especially for high calorie coal.

Therefore, it is not surprising that the share price performance of PT Indo Tambangraya Megah Tbk (ITMG) and PT Indika Energy Tbk (INDY) is higher than the shares of other issuers, such as PT Adaro Energy Tbk (ADRO).

These three stocks have indeed stil l printed negative returns since the beginning of the year. However, ITMG and INDY shares did not fall as deep as ADRO. ITMG shares fell 10.46%, INDY shares fell 1.26%, and ADRO shares were still down by 20.26% since the beginning of the year.

Meanwhile, in a six-month trading period, shares of ITMG, INDY, and ADRO have been in the green zone. ITMG and INDY shares rose 34.31% and 63.89%, respectively, while ADRO gained 37.02%.

Pengembangan mobil listrik tidak hanya memberikan dampak terhadap komoditas nikel saja, tetapi juga batubara.

"Mengingat batubara memberi peranan penting untuk produksi baja kendaraan dan produksi listrik pabrik," ujar Debbie saat dihubungi Kontan.co.id, Kamis (19/11). Langkah pemerintah tersebut kemudian dicerna investor untuk kembali memburu saham sektor pertambangan.

Sentimen positif kedua berasal dari permintaan batubara dari China dan India. Kebutuhan batubara di India meningkat seiring dengan aktivitas industri yang juga meningkat.

Sementara di China, meskipun masih mem-berlakukan pembatasan impor batubara ditambah langkah pelarangan impor batu-bara Australia, Negeri Tirai Bambu ini menambah kanal impor dari negara lain karena permintaan batubara yang masih eksis. Negara yang dimaksud seperti Rusia, Afrika Selatan, Kolombia, dan tentunya Indonesia, utamanya untuk batubara dengan kalori tinggi.

Oleh karena itu, tidak mengherankan jika performa harga saham PT Indo Tambang-raya Megah Tbk (ITMG) dan PT Indika Energy Tbk (INDY) lebih tinggi dibanding-kan dengan saham emiten lainnya, seperti PT Adaro Energy Tbk (ADRO).

Ketiga saham ini memang masih mencetak return negatif sejak awal tahun. Namun, saham ITMG dan INDY tidak jatuh sedalam ADRO. Saham ITMG melemah 10,46%, saham INDY melemah 1,26%, dan saham ADRO masih melemah hingga 20,26% sejak awal tahun,

Sementara dalam periode enam bulan perdagangan, saham ITMG, INDY, dan ADRO telah berada di zona hijau. Saham ITMG dan INDY masing-masing menguat 34,31% dan 63,89% sementara ADRO menguat 37,02%.

Daily News Update Page 18

Freeport President Director: Mining results are closely related to our daily lives

Humans know quarries from the stone

age Editorial Team, Verified: Marwan

Fitranansya

INDONESIA is a country rich in mining products. This is very natural because Indonesia's territory is located between the Eurasia and Pacific plates. These plates are formed from young plates that are in the ring area or what is commonly called the Pacific Ring of Fire. The collision of many plates makes oil, gas, and precious metals abundant in it.

However, the mining sector in Indonesia often leaves a bad impression such as natural exploitation and environmental pollution. In fact, in its implementation, every mining business in Indonesia must have a permit and comply with applicable laws and regulations.

Good and correct mining practice must pay attention to several things, for example exploration must be carried out properly and adequately, there is a calculation of mine-worthy reserves, as well as studies on geographical conditions and impacts on the environment. On the other hand, there are also many benefits obtained from the mining world, especially for the state and society.

“From the stone age, humans have known mining. Without mining, civilization today can be said to be still before the stone age. Even for now, from the process of sleeping until we sleep again, it's all from mine. Almost all equipment used by humans is attached to mining materials. Therefore,...

Presdir Freeport: Hasil Tambang Erat Kaitannya dengan

Keseharian Kita Manusia mengenal tambang dari zaman

batu Editorial Team, Verified : Marwan

Fitranansya

INDONESIA merupakan negara yang kaya akan hasil tambangnya. Hal tersebut sangatlah wajar karena wilayah Indonesia terletak di antara lempeng Eurasia dan Pasifik. Lempeng-lempeng ini terbentuk dari lempengan muda yang berada di daerah cincin atau yang biasa disebut Pacific Ring of Fire. Tumbukan lempeng yang banyak membuat kandungan minyak bumi, gas, dan logam-logam berharga ber-limpah di dalamnya.

Namun, sektor pertambangan di Indonesia sering kali meninggalkan kesan buruk seperti eksploitasi alam dan juga pencemaran lingkungan. Padahal, dalam pelaksanaannya, setiap usaha pertambangan di Indonesia harus memiliki izin serta sesuai peraturan dan hukum yang berlaku.

Praktik pertambangan yang baik dan benar harus memperhatikan beberapa hal, misalnya eksplorasi harus dilaksanakan dengan baik dan memadai, ada perhitungan cadangan layak tambang, serta studi-studi mengenal kondisi geografis dan dampak terhadap lingkungan. Di sisi lain, banyak juga manfaat yang diperoleh dari dunia pertambangan khususnya bagi negara dan masyarakat.

“Dari zaman batu, manusia sudah mengenal tambang. Tanpa tambang, peradaban sekarang ini bisa dikatakan masih sebelum zaman batu. Bahkan untuk saat ini, dari proses tidur sampai kita tidur lagi itu semua dari tambang. Hampir semua peralatan yang digunakan manusia lekat dengan bahan tambang. Makanya,...

Daily News Update Page 19

Therefore, mining products are closely related to our daily lives," said PT Freeport Indonesia President Director Tony Wenas when he was a speaker at the Fun Chat with PT Freeport Indonesia by IDN Times with the theme "Mining Story" which was held through Youtube Live and Instagram Live on Tuesday (17/11/2020).

1. Coexistence with mining goods

Tony also said that technology currently used by all groups, such as smartphones, uses mining materials. In fact, wireless technology also uses mining materials. This is because the components in the wireless use components made of mining materials. He also added that in the future there will be more technologies that use mining materials.

“The mining world plays a big role in human civilization. Our civilization (also) started from mining materials. We live side by side with mining goods, even in developed countries too. Like the German state. They are one of the best examples of managing development. Areas that are used after mining can also be used for community needs such as living areas," added the Knowledge Sharing Coordinator of the Indonesian Mining Experts Association (PERHAPI) Stephanie Saing on the same occasion.

2. It is estimated that PT Freeport Indonesia's contribution to the country's economy will be around Rp560 trillion by 2041

Tony also said that PT Freeport Indonesia is a company that mines and processes metal materials, such as copper, gold and silver. He also added that the main mineral that is mined by PT Freeport Indonesia is in accordance with the Special Mining Business Permit (IUPK) with the main mineral being copper.

Makanya, hasil tambang erat kaitannya dengan keseharian kita,” ujar Presid en Direktur (Presdir) PT Freeport Indonesia Tony Wenas saat menjadi pembicara dalam acara Ngobrol Seru Bareng PT Freeport Indonesia by IDN Times dengan tema “Cerita Tambang” yang di-laksanakan melalui Youtube Live dan Insta-gram Live pada Selasa (17/11/2020).

1. Hidup berdampingan dengan barang tambang

Tony juga mengatakan, teknologi yang saat ini digunakan semua kalangan seperti smartphone menggunakan bahan tambang. Bahkan, teknologi wireless pun menggunakan bahan tambang. Hal itu karena komponen-komponen yang ada di wireless menggunakan komponen yang terbuat dari bahan tambang. Ia pun menambahkan bahwa ke depannya akan lebih banyak lagi teknologi-teknologi yang meng-gunakan bahan tambang.

“Dunia pertambangan berperan besar terhadap

peradaban manusia. Peradaban kita (juga) dimulai dari bahan tambang. Kita hidup ber-

dampingan dengan barang tambang, bahkan

negara maju juga demikian. Seperti halnya

negara Jerman. Mereka termasuk salah contoh yang baik dalam me-manage tamnbang. Area-area yang digunakan setelah tambang pun bisa

digunakan untuk keperluan masyarakat seperti

area tempat tinggal,” tambah Koordinator

Knowledge Sharing Perhimpunan Ahli Pertam-

bangan Indonesia (PERHAPI) Stephanie Saing

pada kesempatan yang sama.

2. Diperkirakan, kontribusi PT Freeport Indonesia terhadap perekonomian negara sekitar Rp560 triliun hingga 2041

Tony juga berujar bahwa PT Freeport Indonesia merupakan perusahaan yang menambang dan mengolah bahan-bahan logam, seperti tembaga, emas, dan perak. Ia juga menambahkan, mineral utama yang ditambang PT Freeport Indonesia sesuai Izin Usaha Pertambangan Khusus (IUPK) dengan mineral utama ialah tembaga.

Daily News Update Page 20

"In 1 ton of ore that is mined, there is a content of about 1 percent copper, 1 gram per ton of gold, and about 4 grams of silver per tonne. So, still the main thing is copper. If calculated from the amount of copper reserves (in Indonesia), we are one of the largest in the world. If the amount of gold reserves contained in that 1 ton of ore, we are number one in the world," explained Tony.

Not only that, Tony also explained that from 1992-2018, PT Freeport Indonesia contributed to the country's economy amounting to USD 20 billion or around Rp 280 trillion. In the future, until 2041, it is estimated that PT Freeport Indonesia's contribution to the country's economy will be around USD 40 billion or around Rp560 trillion.

3. Must pay attention to all aspects when carrying out mining

Meanwhile, regarding the stereotype of the mining sector that destroys the environ-ment and exploits nature, Stephanie Saing explained that the Indonesian Government has actually provided the best and strictest rules to protect nature, such as the AMDAL, even the post-mining program after mine closure. All companies wishing to carry out mining must be asked to make a long-term plan.

"If you do mining, you must also be careful and pay attention to all aspects. For example, if they haven't started mining, they have been asked to think about how to close the mine in the future (if the location has already been mining). Mining is like planning for the long term. So we know that when we change landscapes, we also have the idea and knowledge base of changing these landscapes. His simple language doesn't hurt nature, " he concluded. (CSC)

“Dalam 1 ton bijih yang ditambang, ada kandungan sekitar 1 persen tembaga, 1 gram per ton emas, dan ada peraknya sekitar 4 gram per ton. Jadi, tetap yang utamanya adalah tembaga. Kalau dihitung dari jumlah cadangan tembaga (di Indonesia), kita salah satu yang terbesar di dunia. Kalau jumlah cadangan emas yang terkandung di dalam 1 ton bijih tersebut, kita nomor satu di dunia,” jelas Tony.

Tak sampai di situ, Tony juga menjabarkan dari tahun 1992-2018, PT Freeport Indonesia berkontribusi terhadap pereko-nomian negara sebesar 20 miliar USD atau sekitar Rp280 triliun. Ke depannya sampai tahun 2041, diperkirakan kontribusi PT Freeport Indonesia terhadap perekonomian negara akan sekitar 40 miliar USD atau sekitar Rp560 triliun.

3. Harus memperhatikan semua aspek apabila melakukan penambangan

Sementara itu, perihal stereotip sektor pertambangan yang merusak lingkungan dan mengeksploitasi alam, Stephanie Saing menjelaskan bahwa sebenarnya Peme-rintah Indonesia sudah memberikan aturan yang terbaik dan tegas untuk menjaga alam, seperti adanya AMDAL, bahkan adanya program pascatambang setelah penutupan tambang. Semua perusahaan yang ingin melakukan penambangan pasti diminta membuat plan jangka panjangnya.

“Kalau melakukan penambangan juga harus secara teliti dan memperhatikan semua aspek. Contohnya, belum mulai menambang saja sudah diminta memikirkan bagaimana caranya menutup tambang di kemudian hari (bila lokasi tersebut sudah dilakukan penambangan). Menambang itu ibaratnya merencanakan jangka panjang. Jadi, kita tahu ketika mengubah bentang alam, kita juga sudah memiliki ide dan basis pengetahuan mengubah bentang alam ini. Bahasa simpelnya tidak menyakiti alam,” pungkasnya. (CSC)

Daily News Update Page 21

The Gold Mine will operate at Ropang Sumbawa

APART from the gold mine owned by PT.

Amman Mineral Nusa Tenggara (AMNT) in Batu Hijau, West Sumbawa, a gold mine

will also soon be established in the Ropang District, Sumbawa Regency. PT. Sumbawa

Juta Raya, which has a permit in an area of 8,687 hectares, ha s entered the

construction phase towards production operations.

"PT. Sumbawa Juta Raya in Ropang Sumbawa is already under construction,

that's a gold mine. The IUP for production are AMNT and Sumbawa Juta Raya, which

are currently under construction towards production," said Acting Head of the NTB

EMR Service, Muhammad Riadi, SP, Mec.Dev., confirmed by Suara NTB,

Thursday, November 19, 2020.

He said that the gold mining location is somewhat isolated, there is no road access

for vehicles to get there. In fact, for heavy equipment dropping, investors take it by

sea.

Based on data from the NTB Department of Energy and Mineral Resources (EMR),

there are a number of metal mining business permits (IUP) and metal mineral

Community Mining Permits (IPR), both in the exploration and operation stages.

Two metal IUPs are recorded in the exploration stage, one each in Sumbawa

and West Sumbawa. With total areas of 9,734 hectares and 23,242 hectares,

respectively. Meanwhile, in the operational stage, there were 22 metal IUPs.

Tambang Emas akan Beroperasi di Ropang Sumbawa

SELAIN tambang emas milik PT. Amman

Mineral Nusa Tenggara (AMNT) di Batu

Hijau Sumbawa Barat, tambang emas juga

akan segera berdiri di wilayah Kecamatan

Ropang, Kabupaten Sumbawa. PT.

Sumbawa Juta Raya yang memiliki izin di

kawasan seluas 8.687 hektare sudah

memasuki tahap konstruksi menuju

operasi produksi.

"PT. Sumbawa Juta Raya di Ropang

Sumbawa sudah konstruksi, itu tambang

emas. Yang IUP produksi itu AMNT dan

Sumbawa Juta Raya, sedang konstruksi

menuju produksi,’’ kata Plt Kepala Dinas

ESDM NTB, Muhammad Riadi, S.P.,

Mec.Dev., dikonfirmasi Suara NTB, Kamis,

19 November 2020.

Ia mengatakan, lokasi pertambangan emas

tersebut agak terisolir, belum ada akses

jalan kendaraan menuju ke sana. Bahkan,

untuk droping alat berat, investor mem-

bawanya lewat jalur laut.

Berdasarkan data Dinas Energi dan

Sumber Daya Mineral (ESDM) NTB ada

sejumlah Izin Usaha Pertambangan (IUP)

logam dan Izin Pertambangan Rakyat (IPR)

mineral logam, baik dalam tahap eksplo-

rasi maupun operasi.

Tercatat dua IUP logam dalam tahap

eksplorasi, masing-masing di Sumbawa

dan Sumbawa Barat. Dengan luas areal

masing-masing 9.734 hektare dan 23.242

hektare. Sedangkan dalam tahap operasi

sebanyak 22 IUP logam.

Daily News Update Page 22

With details, West Lombok 3 metal IUP covering 3,730 hectares, East Lombok 1 metal IUP covering 1 ,348 hectares, Sumbawa 5 metal IUP covering 30,580.5 hectares, Dompu 10 metal IUP covering 8,120 hectares, West Sumbawa 1 metal IUP covering 24,722 hectares and Bima 2 Metal IUP covering an area of 18,202 hectares.

Riadi explained that most investors who have obtained permits are still in the exploration stage. Investors who have obtained a production operation permit are encouraged to accelerate the realization in the field.

"If he has finished exploration, he will be upgraded to production operations." But still he's a business consideration. We can't force it. If you feel profitable and have large capital, he will work. But mostly exploration. PT. STM (Sumbawa Timur Mining), which is a large company, is still exploring," he said. (nas)

Dengan rincian, Lombok Barat 3 IUP logam seluas 3.730 hektare, Lombok Timur 1 IUP logam seluas 1.348 hektare, Sumbawa 5 IUP logam seluas 30.580,5 hektare, Dompu 10 IUP logam seluas 8.120 hektare, Sumbawa Barat 1 IUP logam seluas 24.722 hektare dan Bima 2 IUP logam seluas 18.202 hektare.

Riadi menjelaskan sebagian besar investor yang memperoleh izin, masih dalam tahap ekplorasi. Untuk investor yang sudah mendapatkan izin operasi produksi, terus didorong mempercepat realisasinya di lapangan.

‘’Kalau dia sudah selesai eksplorasi di-tingkatkan menjadi operasi produksi. Tapi tetap dia pertimbangan bisnis. Ndak bisa kita paksa. Kalau merasa menguntungkan dan punya modal besar, dia kerja. Tapi kebanyakan eksplorasi. PT. STM (Sumbawa Timur Mining) saja yang besar masih eksplorasi,’’ katanya. (nas)

Still Continue Rally Dude! Coal Price Now Penetrates US$ 64

Tirta Citradi, CNBC Indonesia

IT HAS BEEN more than a month since the coal contract price recorded a rally and it still hasn't stopped. Indeed, the contract price for coal has not yet recovered to pre-pandemic levels. However, at least the price of the rock is still solid at its highest level in seven months.

In trading Thursday (19/11/2020), the price of the ICE Newcastle coal futures contract rose 1.6% and broke the level of US$ 64.05/ton. On a month to date (mtd) basis, the contract price for thermal coal has increased 8.1%.

Masih Lanjut Reli Bung! Harga Batu Bara Kini Tembus US$ 64

Tirta Citradi, CNBC Indonesia

SUDAH sebulan lebih harga kontrak batu bara mencatatkan reli dan masih belum terhenti. Memang harga kontrak batu bara belum pulih ke level pra-pandemi. Namun setidaknya harga batu legam tersebut masih kokoh di level tertinggi dalam tujuh bulan.

Pada perdagangan Kamis (19/11/2020), harga kontrak futures batu bara ICE Newcastle naik 1,6% dan tembus level US$ 64,05/ton. Secara month to date (mtd) harga kontrak batu bara termal ini telah naik 8,1%.

Daily News Update Page 23

Amid the continuing increase in cases of Covid-19 infection which is the main threat of falling commodity prices, there is good news about the development of the Covid-19 vaccine.

In the past two weeks several vaccine developers reported preliminary analysis of the results of their final clinical trials. Pfizer, BioNTech and Moderna are the three developers who bring this good news.

The Covid-19 vaccine candidate they developed is claimed to have an efficacy rate of more than 92%. This is able to make the prices of financial assets and commodities including coal jump higher.

Australian coal exports to China have indeed dropped, but this has been offset by an increase in imports from India, Japan and South Korea, which are the largest fossil energy consumers in the Asian region after China.

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

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

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

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

Di tengah terus meningkatnya kasus infeksi Covid-19 yang menjadi ancaman utama turunnya harga komoditas, terselip berita gembira seputar perkembangan vaksin Covid-19.

Dalam dua pekan terakhir beberapa pengembang vaksin melaporkan analisa awal hasil uji klinis tahap akhir. Pfizer, BioNTech dan Moderna menjadi tiga pengembang yang membawa kabar gembira tersebut.

Kandidat vaksin Covid-19 yang merek a kembangkan diklaim memiliki tingkat keampuhan lebih dari 92%. Hal ini mampu membuat harga aset-aset keuangan dan komoditas termasuk batu bara melompat lebih tinggi.

Ekspor batu bara Australia ke China memang drop tetapi diimbangi oleh peningkatan impor dari India, Jepang dan Korea Selatan yang merupakan konsumen energi fosil terbesar di kawasan Asia setelah China.

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

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

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

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

Daily News Update Page 24

On the other hand, China's tight coal

supply has made the price of this primary

energy soar beyond the upper limit set by

the government. China set an upper limit

for its thermal coal price at RMB 570/ton

or equivalent to 86.67/ton.

However, last week the Qinhuangdao

thermal coal price of 5,500 Kcal/Kg

touched the level of RMB 618/ton or the

equivalent of US$ 94.15/ton. The high

domestic coal price has filled the market

with speculation that China will loosen its

import quota policy, especially ahead of

the new year.

The tip of the ulam's love arrived, China

reportedly gave several of its provinces

additional new quotas for this year. Sxcoal

reported that Guangdong Province had

obtained 2-3 million tonnes of new quotas,

following calls to the central government

for a quota of 28.61 million tonnes.

Fujian, Jiangxi and Guangxi, which had

used up their annual quotas long before,

were known to have earned 1 M each,

while Zhejiang had 2 M and neighboring

Jiangsu 2-3 M.

The easing of the import quota also made

the price of Indonesian thermal coal strengthen. According to the Ministry of

Energy and Mineral Resources, the reference coal price (HBA) in November

was pegged at US$ 55.71/ton from US$ 51/ton the previous month. CNBC

INDONESIA RESEARCH TEAM (twg/twg)

Di sisi lain ketatnya pasokan batu bara

China telah membuat harga energi primer

ini melambung melampaui batas atas yang

ditetapkan pemerintah. China mematok

batas atas harga batu bara termalnya di

RMB 570/ton atau setara dengan

86,67/ton.

Namun pada pekan lalu harga batu bara

termal Qinhuangdao 5.500 Kcal/Kg

menyentuh level RMB 618/ton atau setara

dengan US$ 94,15/ton. Tingginya harga

batu bara domestik membuat pasar di-

penuhi spekulasi bahwa China akan

melonggarkan kebijakan kuota impor-

nya apalagi jelang tahun baru.

Pucuk di cinta ulam pun tiba, China di-

kabarkan memberikan beberapa provinsi-

nya kuota baru tambahan untuk tahun ini.

Sxcoal melaporkan Provinsi Guangdong

telah memperoleh 2-3 juta ton kuota baru,

menyusul seruan kepada pemerintah pusat

untuk kuota sebanyak 28,61 juta ton.

Fujian, Jiangxi dan Guangxi, yang telah

menghabiskan kuota tahunan mereka jauh

sebelumnya, diketahui telah memperoleh

masing-masing 1 Jt, sementara Zhejiang

mendapatkan 2 Jt dan tetangganya Jiangsu

2-3 Jt.

Pelonggaran kuota impor ini juga membuat

harga batu bara termal Indonesia meng-

alami penguatan. Berdasarkan Kemen-

terian ESDM, harga batu bara acuan (HBA)

bulan November dipatok di US$ 55,71/ton

dari bulan sebelumnya di US$ 51/ton. TIM

RISET CNBC INDONESIA (twg/twg)

Daily News Update Page 25

COVID-19 mining disruptions hit Orica's profit, dividend cut By Darren Gray

EXPLOSIVES manufacturer Orica has recorded a 31 per cent slide in full year statutory net profit and halved its final dividend, after COVID-19 disrupted mining activities in many countries and hit demand for its products.

The ASX-listed, Melbourne-headquartered company delivered underlying EBIT (earnings before interest and tax) for the 2019-20 financial year of $605 million, which was in line with its guidance and just ahead of market consensus at $604 million.

Statutory net profit dropped to $168.3 million, partly driven down by $131 million of individually significant items (after tax) outlined by the company last month. Orica recorded an underlying net profit of $299.3 million, down 20 per cent on the previous year and below market consensus of $322.2 million.

Shareholders will be paid an unfranked final dividend of 16.5 cents per share on January 15, which is a month later than the final dividend is typically paid. Orica's financial year ends on September 30.

"Our 2019-20 financial result demonstrates the resilience of our operating and financial performance in the face of the global pandemic," said Orica chief executive Alberto Calderon.

"After a strong first half that delivered growth in volumes, revenue and earnings, COVID-19 temporarily disrupted our strategic momentum. Despite this, I am pleased to report that we achieved all the major initiatives, and passed all the key strategic milestones, that we set ourselves for the year," he said.

These achievements included the acquisition of the South American explosives maker Exsa, which Orica struck a deal to buy earlier this year for $302 million. Orica describes Exsa as the top manufacturer and distributor of industrial explosives in Peru.

Orica said that its ammonium nitrate volumes were down 4 per cent in 2019-20 compared to the previous year (excluding the contribution from Exsa), and attributed the decline to COVID-19 and associated lockdowns in many countries which reduced mining activity. The company said it was also affected by weakening coal markets, particularly in the United States and Indonesia.

Orica is a major supplier of ammonium nitrate used in explosives technology used by the mining industry around the world.

Mining in Australia remained resilient through the pandemic, the company said, and sales volumes rose. The countries most affected by disruptions to mining were developing countries.

On outlook the company did not provide guidance via hard numbers for 2020-21, but it forecast a significant increase in EBITDA (earnings before interest, tax, depreciation and amortisation) and a return to EBIT growth.

Daily News Update Page 26

"With most of our customers' operations returning to pre-COVID activity, we have cautious optimism about the year ahead," Mr Calderon said.

Separately, Orica announced that it had set a new target for greenhouse gas emissions, with a pledge to reduce scope 1 and 2 emissions by at least 40 per cent by 2030. Orica said it reduced these greenhouse gas emissions by 9 per cent over the 2019-20 financial year. Scope 1 and 2 emissions are direct emissions from energy usage.

"This is not just an aspirational goal. It is a very real, credible and achievable target, supported by the science and proven technology," Mr Calderon said.

Metso Outotec ups mill relinine equipment capacity with MRM Posted by Daniel Gleeson

METSO Outotec is extending its mill reline equipment offering with a high-capacity Mill

Reline Machine (MRM).

The new robust MRM has a capacity of 4,000 kg, enabling easy and safe replacement of steel lining systems inside even the largest grinding mills, according to the company.

“Replacing steel lining systems inside the confined space of grinding mills is a time-consuming and demanding job requiring strict safety measures and highly reliable equipment,” Jared Le Cras, Senior Manager, Mill Reline Equipment at Metso Outotec, said. “With the addition of the high-capacity MRM, Metso Outotec now provides a comprehensive range of Mill Reline Machines designed to ISO and IEC standards. The new MRM is designed for heavy-duty lining replacement tasks, with safety and efficiency as our top priorities.”

Benefits of the Metso Outotec MRM, according to the company, include efficient mill relining enabled by unique mechanical design features; maximised reliability, thanks to easy data access and spares replacement; minimised risk, thanks to safety features; and comprehensive service support via Metso Outotec’s global service network

In addition to mill reline machines, Metso Outotec’s mill reline equipment offering includes feed chute transporters, Tube MRMs and bolt hammers.

Glencore to expand McArthur River despite sacred sites authority veto Cecilia Jamasmie

GLENCORE (LON: GLEN) has been given the green light to expand its McArthur River zinc

mine in Australia’s Northern Territory (NT), against the advice of the state’s own sacred sites authority, which says it has not cleared the plan yet.

Daily News Update Page 27

The state government’s approval would allow Glencore to double the size of the mine, extending McArthur River’s productive life until 2048. It also secures the jobs of about 1,100 employees and contractors, the state said.

As part of the permit, Glencore must comply with all relevant legislative requirements and conditions of authorization, including those relating to the Northern Territory Aboriginal Sacred Sites Act 1989.

Under NT law, companies must have permission from the Aboriginal Areas Protection Authority (AAPA) before they can alter or remove any sacred site.

The authority noted on Thursday it had previously rejected the company’s application for a certificate. It also requested more consultation with traditional owners, worried about potential damage to sacred and heritage sites.

AAPA said Glencore’s appeal against that decision was still with the state government and the announcement of the plan’s approval was concerning.

“It was very sad for us — we have given [Glencore] a lot of chances to work with us but they haven’t done it,” AAPA chairman Bobby Nunggamajbarr said in an emailed statement.

Long awaited

Glencore has waited for the expansion’s final approval since 2018. The NT’s Environment Protection Authority (EPA) found then that sacred sites could be damaged by the mine’s expansion, but recommended its approval on the basis that the risk of further environmental damage would be higher if the miner left the site.

Operating since 1995, McArthur is one of the world’s largest zinc mines. Last year, it contributed more than A$550 million ($400m) to the local economy.

McArthur River produced 271,200 tonnes of zinc, 55,300 tonnes of lead and 1.67 million ounces of silver in 2019.

The mine lies in the Gulf region, the traditional home of the Yanyuwa, Gudanji, Mara and Garawa peoples. The remote pocket of northern Australia is far from the Northern Territory’s urban centres, but about an hour’s drive from the mine is the small, majority-Aboriginal town of Borroloola, which straddles the McArthur River.

Zinc prices climbed this week to an 18-month high after Vedanta suspended mining at its Gamsberg zinc mine in South Africa following an accident that trapped ten workers.

Orica to reduce its GHG emissions by at least 40% over the next decade Posted by Paul Moore

GLOBAL mining explosives and blasting solutions leader, Orica, has announced it has set a

target to reduce its Scope 1 and 2 operational emissions by at least 40% by FY2030 (July 1, 2029 to June 30, 2030) from FY2019 levels.

Daily News Update Page 28

Building on the last three years of successful operational abatement trials and emissions reduction sat manufacturing sites across the group, Orica says it has now set “a credible and

achievable medium-term target, backed by detailed analysis, low emissions technology and process improvement.

To achieve this goal, industrial process emissions and nitrous oxide abatement, which

account for 55% of Orica’s operational emissions, will be prioritised. Leveraging innovation and technological expertise, proven low-emissions technologies will be adopted to reduce

emissions from industrial processes and improve energy efficiency across Orica’s global operations.

With effective abatement technology already in place at many of its major continuous

manufacturing sites, Orica plans to introduce best available technology at sites in Carseland, Canada in late 2021, and thereafter at Kooragang Island and Yarwun in Australia. This

technology has allowed Orica to meet its emissions reduction targets for the last two years, including a 9% reduction in operational emissions this financial year and 6% the previous

year.

Orica’s Chief Financial Officer Chris Davis says he looks forward to accelerating Orica’s

journey towards a decarbonised future: “This is not an aspirational target – our approach is deliberately specific, evidence-based and, importantly, achievable. We’re prioritising what we

can control, and although our goal is ambitious, we have the proven low emissions technologies and expertise, and a strong track record meeting our emissions targets. Climate

action is critical over the coming decade, and our target reflects this. To ensure we live up to our commitment, we have strengthened the links between relevant executive remuneration

and climate change performance, and we are embedding climate into both our decision-making governance, and our strategic and financial processes.”

Understanding that successful decarbonisation of industry requires a collaborative approach,

Orica says it will partner with government, industry, customersand civil society to forge a pathway towards decarbonisation.

“In hard-to-abate sectors like ours, technologies to fully decarbonise industrial emissions like

green hydrogen are only just emerging or being demonstrated. Despite these challenges, we’re taking action over the next decade by setting a medium-term target and accelerating

our decarbonisation, consistent with the central goal of the Paris Agreement,” Davis added. “Collaboration is key, and as a founding member of the Australian Industry Energy

Transitions Initiative, we are committed to working with our peers, governments, customers and the industry, to better understand future pathways and actions that can help us all move

towards a decarbonised future.”

Emissions data and performance against targets will be reported annually as part of Orica’s

annual reporting suite. Orica’s 2020 Annual and Sustainability reports will be published at the end of November 2020, outlining its climate change performance and progress to align to the

Taskforce on Climate-related Financial Disclosures (TCFD) framework.

Daily News Update Page 29

MinRes to supercharge iron ore export capacity Vanessa Zhou

MINERAL Resources (MinRes) has charted a plan to significantly grow an iron ore business

that is underpinned by exports.

MinRes managing director Chris Ellison, speaking in the company’s annual general meeting on Thursday, said that the company’s iron ore business was set up for a substantial growth over the next three to five years.

This growth will be driven by MinRes’ four Western Australian projects, where it plans to expand its pit-to-port services and infrastructure offerings.

The company intends to export 13 million tonnes from its Yilgarn Hub at the Port of Esperance and 14 million tonnes from its Utah Point Strategy at the Port of Hedland.

It also plans to to develop its Ashburton infrastructure project to reach a 25 million tonnes a year of export capacity, only to be surpassed by its Southwest Creek development with 40 million tonnes.

Exports will be driven by MinRes’ Koolyanobbing, Iron Valley and Kumina iron ore projects in Western Australia, which all contributed to the company’s best-ever full year result during the 2020 fiscal year.

MinRes delivered increased production at both its Koolyanobbing and Iron Valley mines, totalling in the exports of 14.1 million tonnes.

In the lithium portfolio, MinRes experienced a 17 per cent year-on-year growth in production at its Mt Marion operations in Western Australia.

The company increased its workforce by nearly 40 per cent to more than 3800 employees and contractors during the period.

Zambia sees increased copper production in first half of 2020

ZAMBIA, Africa's second-largest copper producer, saw an increase in copper production in

the first half of 2020 compared to the same period last year, figures released by its mines ministry on Thursday have shown.

And the southern African nation says prospects for the mining sector looks positive despite the COVID-19 pandemic.

According to the figures, copper production from large scale mines rose to 646,111.25 tons in the first half of this year compared to 590,321.13 tons during the same period last year.

Daily News Update Page 30

Minister of Mines and Minerals Development Richard Musukwa said commodity prices on the international market have started making positives gains, a situation that may encourage mining firms to further increase production.

"At a global scale, there has been an increase in the production of electric vehicles which rely on copper and the more advanced the technology becomes, the more copper the industry will require," he told reporters during a press briefing.

Poland's KGHM sees output continuing despite mine closure risk due to COVID

POLAND's KGHM, one of the world's biggest copper and silver producers, said on Thursday

while there was a risk of closing some mines or smelters due to COVID-19 infections among workers, overall production would continue. KGHM owns mines and smelters in Poland, as well as mines in Chile, Canada and the United States.

"Our business is naturally diversified. We have not one mine, but a few mines and thus we take into account that there might be a break in production in some of the mines. But during that time the remaining mines will be working. This means that it is actually impossible that the whole mining and smelter production will stop," said Katarzyna Kreczmanska-Gigol, KGHM Chief Financial Officer told a press conference.

KGHM reported a net profit of 472 million zlotys for the third quarter compared to 603 million seen in Reuters poll.

Speaking at the conference KGHM deputy head in charge of production said the company saw annual capex at 2.0-2.5 billion zlotys in coming years. (Reporting by Agnieszka Barteczko; editing by David Evans)