IMA-Daily Update

PTBA Stops Unlicensed Land Exploration

PT BUKIT Asam Tbk (PTBA) has

temporarily suspended explorationactivities until March 2020. PTBA only limits exploration in areas that have obtained permits.

Corporate Secretary of PT Bukit Asam Tbk Suherman explained, meanwhile,management focused on efforts to confirm and optimize the calculation of resources and reserves in areas that had obtained mining business permits (IUP).

"There are some areas that still need detailed geological data," he said,Wednesday (11/9).

In the existing IUP, the issuer coded PTBA shares has coal resources of 8.2 billion tons and reserves of 3.3 billion tons.

Until the first semester of 2019, PTBA's coal production reached 12.79 million tons, equivalent to 46.92% of this year's total production target of 27.26 million tons. The increase in production reached 14.11% compared to the first semester of 2018.

PTBA predicts that production until September 2019 will continue to increase along with the reduction in rain volume. Total sales are currently at 1tons. "PTBA's sales commitment until the end of the year has reached the target, both domestic and export," added Suherman.

Wait and see

PTBA explained that it would continue to implement a production strategy that maintained profits amid the dtrend in coal prices, namely producing high-calorie coal.

PTBA Stops Unlicensed Land

Asam Tbk (PTBA) has

temporarily suspended exploration activities until March 2020. PTBA only limits exploration in areas that have

Corporate Secretary of PT Bukit Asam Tbk Suherman explained, meanwhile, management focused on efforts to confirm and optimize the calculation of resources and reserves in areas that had obtained mining business permits (IUP).

"There are some areas that still need detailed geological data," he said,

isting IUP, the issuer coded PTBA shares has coal resources of 8.2 billion tons and reserves of 3.3 billion tons.

Until the first semester of 2019, PTBA's coal production reached 12.79 million tons, equivalent to 46.92% of this year's total

et of 27.26 million tons. The increase in production reached 14.11% compared to the first semester of 2018.

PTBA predicts that production until September 2019 will continue to increase along with the reduction in rain volume. Total sales are currently at 13.4 million tons. "PTBA's sales commitment until the end of the year has reached the target, both domestic and export," added Suherman.

PTBA explained that it would continue to implement a production strategy that maintained profits amid the downward trend in coal prices, namely producing

PTBA Menghentikan Eksplorasi Lahan Tak Berizin

PT BUKIT Asam Tbk (PTBA) menghentikan

sementara kegiatan eksplorasi hingga Maret 2020. PTBA hanya membatasi eksplorasi di area yang sudah memp

Sekretaris Perusahaan PT Bukit Asam Tbk Suherman menjelaskan, sementara ini, manajemen fokus pada upaya mengonfirmasi dan mengoptimalisasi perhitungan sumber daya dan cadangan di dalam area yang telah mendapatkan izin usaha pertambangan (IUP).

"Ada beberapa wilayah yang masih membutuhkan pendetailan data geologi," ujar dia, Rabu (11/9).

Dalam IUP existing, emiten berkode saham PTBA ini memiliki sumber daya batubara sebesar 8,2 miliar ton dan cadangan sebesar 3,3 miliar ton.

Sampai semester I 2019, produksi batubara PTBA mencapai 12,79 juta ton, setara 46,92% dari total target produksi tahun ini yang sebesar 27,26 juta ton. Kenaikan produksi mencapai 14,11% dibanding semester I 2018.

PTBA memprediksi produksi sampai dengan September 2019 akan terus meningkat seiring dengan berkurangnya volume hujan. Total penjualan saat ini sebesar 13,4 juta ton. "Komitmen penjualan PTBA sampai dengan akhir tahun telah mencapai target, baik domestik maupun ekspor," imbuh Suherman.

Wait and see

PTBA sempat menjelaskan akan terus melakukan strategi produksi yang mempertahankan laba di tengah tren harga batubara yang turun, yaitu memproduksi batubara berkalori tinggi.

Page 1

PTBA Menghentikan Eksplorasi Lahan Tak Berizin

Asam Tbk (PTBA) menghentikan

sementara kegiatan eksplorasi hingga Maret 2020. PTBA hanya membatasi eksplorasi di area yang sudah memperoleh izin.

Sekretaris Perusahaan PT Bukit Asam Tbk Suherman menjelaskan, sementara ini, manajemen fokus pada upaya mengonfir-masi dan mengoptimalisasi perhitungan sumber daya dan cadangan di dalam area yang telah mendapatkan izin usaha pertam-

"Ada beberapa wilayah yang masih mem-butuhkan pendetailan data geologi," ujar

, emiten berkode saham PTBA ini memiliki sumber daya batubara sebesar 8,2 miliar ton dan cadangan sebesar

Sampai semester I 2019, produksi batubara PTBA mencapai 12,79 juta ton, setara 46,92% dari total target produksi tahun ini yang sebesar 27,26 juta ton. Kenaikan produksi mencapai 14,11% dibanding

PTBA memprediksi produksi sampai dengan ptember 2019 akan terus meningkat seiring

dengan berkurangnya volume hujan. Total penjualan saat ini sebesar 13,4 juta ton. "Komitmen penjualan PTBA sampai dengan akhir tahun telah mencapai target, baik domestik maupun ekspor," imbuh Suherman.

PTBA sempat menjelaskan akan terus melakukan strategi produksi yang mem-pertahankan laba di tengah tren harga batubara yang turun, yaitu memproduksi batubara berkalori tinggi.

IMA-Daily Update

The company also reduces sales if there

are no long-term contracts, and incr

sales to the domestic market because it is

more profitable.

Artha Sekuritas Vice President Frederik

Rasali saw PTBA steps to stop expansion as

a wait and see strategy. "If conditions are

not good and coal prices are still low, it

would not hurt if we hold exploration," he

explained.

Even so, PTBA management is sti ll

optimally using the capital expenditure

budget of Rp 6.5 tril lion. "Capital

expenditure has so far been used for

routine investment and development

projects in stages until the end of the

Suherman explained.

Among other things, capex has been

allocated for the expansion of railway

capacity, construction of ports and new

coal handling facilities. Train capacity is

added to meet the coal transport target of

25.3 million tons, up 12% from last year's

achievements.

PTBA is also building a new dock in Prajin

Village, South Sumatra, with a target

capacity of 10 million tons per year in

2023 and construction of a railroad with a

transport capacity of 60 million tons until

2023.

In addition, PTBA increased the transport

capacity from the Tanjung Enim mine to

the Kertapati Pier in Palembang to 25

million tons per year by 2020. PTBA also

increased the capacity of Tarahan Port.

Reporter: Benedicta Prima, Editor: Narita

Indrastiti

The company also reduces sales if there

term contracts, and increases

sales to the domestic market because it is

Artha Sekuritas Vice President Frederik

Rasali saw PTBA steps to stop expansion as

a wait and see strategy. "If conditions are

not good and coal prices are still low, it

hold exploration," he

Even so, PTBA management is sti ll

optimally using the capital expenditure

budget of Rp 6.5 tril lion. "Capital

expenditure has so far been used for

routine investment and development

projects in stages until the end of the year,"

Among other things, capex has been

allocated for the expansion of railway

capacity, construction of ports and new

coal handling facilities. Train capacity is

added to meet the coal transport target of

om last year's

PTBA is also building a new dock in Prajin

Village, South Sumatra, with a target

capacity of 10 million tons per year in

2023 and construction of a railroad with a

transport capacity of 60 million tons until

PTBA increased the transport

capacity from the Tanjung Enim mine to

the Kertapati Pier in Palembang to 25

million tons per year by 2020. PTBA also

increased the capacity of Tarahan Port.

Reporter: Benedicta Prima, Editor: Narita

Perusahaan ini juga mengurangi penjualan

apabila belum ada kontrak jangka panjang,

serta meningkatkan penjualan ke pasar

domestik karena lebih menguntungkan.

Vice President Artha Sekuritas Frederik

Rasali melihat, langkah PTBA meng

hentikan ekspansi sebagai strategi

and see. "Apabila kondisi belum baik dan

harga batubara masih rendah, tidak ada

salahnya menahan eksplorasi," jelas dia.

Kendati begitu, manajemen PTBA masih

tetap menggunakan anggaran belanja

modal Rp 6,5 triliun dengan optimal.

"Belanja modal sampai

gunakan untuk investasi rutin dan proyek

proyek pengembangan secara bertahap

sampai dengan akhir tahun," jelas

Suherman.

Capex antara lain dialokasikan untuk

ekspansi kapasitas kereta api, pem

bangunan pelabuhan dan

facilities baru. Kapasitas kereta api

ditambah demi memenuhi target angkutan

batubara 25,3 juta ton, naik 12% dari

capaian tahun lalu.

PTBA juga membangun dermaga baru di

Desa Prajin, Sumatra Selatan, dengan

target kapasitas 10 juta ton per tahun pada

2023 dan pembangunan jalur kereta api

dengan kapasitas angkut 60 juta ton

sampai 2023.

Selain itu, PTBA meningkatkan kapasitas

pengangkutan dari tambang Tanjung Enim

ke Dermaga Kertapati di Palembang jadi 25

juta ton per tahun pada 2020. PTBA juga

meningkatkan kapa

Tarahan. Reporter: Benedicta Prima, Editor:

Narita Indrastiti

Page 2

juga mengurangi penjualan

apabila belum ada kontrak jangka panjang,

serta meningkatkan penjualan ke pasar

domestik karena lebih menguntungkan.

Artha Sekuritas Frederik

Rasali melihat, langkah PTBA meng-

hentikan ekspansi sebagai strategi wait

. "Apabila kondisi belum baik dan

harga batubara masih rendah, tidak ada

salahnya menahan eksplorasi," jelas dia.

Kendati begitu, manajemen PTBA masih

tetap menggunakan anggaran belanja

modal Rp 6,5 triliun dengan optimal.

"Belanja modal sampai saat ini telah di-

gunakan untuk investasi rutin dan proyek-

proyek pengembangan secara bertahap

sampai dengan akhir tahun," jelas

Capex antara lain dialokasikan untuk

ekspansi kapasitas kereta api, pem-

bangunan pelabuhan dan coal handling

baru. Kapasitas kereta api

ditambah demi memenuhi target angkutan

batubara 25,3 juta ton, naik 12% dari

PTBA juga membangun dermaga baru di

Desa Prajin, Sumatra Selatan, dengan

target kapasitas 10 juta ton per tahun pada

embangunan jalur kereta api

dengan kapasitas angkut 60 juta ton

Selain itu, PTBA meningkatkan kapasitas

pengangkutan dari tambang Tanjung Enim

ke Dermaga Kertapati di Palembang jadi 25

juta ton per tahun pada 2020. PTBA juga

meningkatkan kapasitas Pelabuhan

Reporter: Benedicta Prima, Editor:

IMA-Daily Update

HBA Continues to Decline, Special Coal Price for Power

Plants Not RelevantBy: Ni Putu Eka Wiratmini

THE REFERENCE Coal Price (HBA) which

continues to show a decline and is now at

the lowest level since October 2016, makes

the special price for domestic power plants considered irrelevant.

The Director General of Electricity at the Ministry of ESDM Rida Mulyana admitte

that the extension of the coal price limit

had not yet become the theme of the

meeting of the Ministry of ESDM. However,

it has been included in the meeting items if

prices change drastically later.

According to him, with the HBA which is

currently at the lowest level and below the ceiling price, it is no longer relevant to set a

special price for coal. However, he stressed

that the government is still wary of price

changes later.

"Yes, it is true that there is also input [there is no need for a special p

the HBA goes down], we can discuss it later

with the Director General of Mineral and Coal," he said, Tuesday (11/10/2019)

night.

According to him, ESDM Minister's Decree (Kepmen) No. 1395 K/30/MEM/2018

concerning the special price of coal and the

Minister of ESDM Decree No. 78 K/30/

MEM/2019 concerning coal DMO also still

applies. The government also does not plan to revoke the two regulations.

"So, if this is a policy as long as it has not been revoked, then don't ask about it first,"

he said.

HBA Continues to Decline, Special Coal Price for Power

Plants Not Relevant By: Ni Putu Eka Wiratmini

Coal Price (HBA) which

continues to show a decline and is now at

the lowest level since October 2016, makes

the special price for domestic power plants

The Director General of Electricity at the Ministry of ESDM Rida Mulyana admitted

that the extension of the coal price limit

had not yet become the theme of the

meeting of the Ministry of ESDM. However,

it has been included in the meeting items if

According to him, with the HBA which is

e lowest level and below the ceiling price, it is no longer relevant to set a

special price for coal. However, he stressed

that the government is still wary of price

"Yes, it is true that there is also input [there is no need for a special price when

the HBA goes down], we can discuss it later

with the Director General of Mineral and Coal," he said, Tuesday (11/10/2019)

According to him, ESDM Minister's Decree (Kepmen) No. 1395 K/30/MEM/2018

concerning the special price of coal and the

Minister of ESDM Decree No. 78 K/30/

MEM/2019 concerning coal DMO also still

applies. The government also does not plan

"So, if this is a policy as long as it has not been revoked, then don't ask about it first,"

HBA Terus Turun, Harga Khusus Batubara untuk Pembangkit Tak

RelevanOleh : Ni Putu Eka Wiratmini

HARGA Batubara Acuan (HBA) yang terus

menunjukkan penurunan dan sekarang berada pada level terendah sejak Oktober 2016, membuat harga khusus untuk pembangkit listrik dalam negeri dinilai tidak relevan lagi.

Direktur Jenderal KetenagalistrikanKementerian ESDM Rida Mulyana mengakui perpanjangan batas atas harga batubara belum menjadi tema baharapat Kementerian ESDM. Namun, telah dimasukkan dalam item

harga berubah drastis.

Menurutnya, dengan HBA yang saat ini berada pada level terendah dan di bawah ceiling price, sudah tidak relevan lagi untuk dipatok harga khusus batubadia menegaskan pemerintah tetap mewaspadai jika nantinya terjadi perubahan harga.

"Ya betul ada masukan itu juga [tidak perlu ada harga khusus saat HBA turun], kita kan bisa rapatkan nanti dengan DirjenMinerba," katanya, Selasa (10/11/2019) malam.

Menurutnya, Keputusan Menteri (Kepmen) ESDM No. 1395 K/30/MEM/2018 tentang harga khusus batubara dan Keputusan Menteri ESDM No. 78 K/30/MEM/2019 tentang DMO batubara juga masih berlaku. Pemerintah juga belum bmencabut dua peraturan tersebut.

"Jadi gini, kalau suatu kebbelum dicabut, ya jangan ditanya dulu," katanya.

Page 3

BA Terus Turun, Harga Khusus Batubara untuk Pembangkit Tak

Relevan Ni Putu Eka Wiratmini

Batubara Acuan (HBA) yang terus

menunjukkan penurunan dan sekarang terendah sejak Oktober

2016, membuat harga khusus untuk pem-bangkit listrik dalam negeri dinilai tidak

Direktur Jenderal Ketenagalistrikan Kementerian ESDM Rida Mulyana meng-akui perpanjangan batas atas harga batubara belum menjadi tema bahasan rapat Kementerian ESDM. Namun, telah

item rapat jika nantinya harga berubah drastis.

Menurutnya, dengan HBA yang saat ini berada pada level terendah dan di bawah

sudah tidak relevan lagi untuk dipatok harga khusus batubara. Namun, dia menegaskan pemerintah tetap me-waspadai jika nantinya terjadi perubahan

"Ya betul ada masukan itu juga [tidak perlu ada harga khusus saat HBA turun], kita kan bisa rapatkan nanti dengan Dirjen Minerba," katanya, Selasa (10/11/2019)

Menurutnya, Keputusan Menteri (Kepmen) ESDM No. 1395 K/30/MEM/2018 tentang harga khusus batubara dan Keputusan Menteri ESDM No. 78 K/30/MEM/2019 tentang DMO batubara juga masih berlaku. Pemerintah juga belum berencana untuk mencabut dua peraturan tersebut.

"Jadi gini, kalau suatu kebijakan sepanjang belum dicabut, ya jangan ditanya dulu,"

IMA-Daily Update

Meanwhile, PT PLN (Persero) claimed to

date had not received a response from the

government regarding the submissirequest for an extension of the coal

specific pricing policy which would expire

at the end of this year.

PT PLN (Persero)'s Acting Actor Sripeni

Inten Cahyani said that although the HBA

continued to show a reduction, the special price of coal was still needed by PLN.

Because the global market conditions are

very uncertain.

Based on ESDM Ministerial Decree No.

1395 K/30/MEM/2018 concerning Coal

Prices for Electric Power Supply for the Public Interest, the selling price of coal for

domestic power plants is pegged at US$ 70

per ton for reference calories of 6,322

kcal/kg GAR or using reference coal prices

(HBA). If the HBA is below that value, the

price used is based on the HBA.

Lucky Leonard

United Tractors Maintain 2019 Performance Targets

THE RISK of a decline in coal prices still

overshadows companies that arestruggling in the energy commodity sector. A company like PT United Tractors Tbk (UNTR, member of the Kompas100 index) cannot avoid market challenges. But so far, the Astra Group subsidiary has maintained its target throughout 2019.

This year, United Tractors management expects to sell as many as 4,000 units of heavy equipment. The mining sector is the main market for their heavy equibusiness.

Meanwhile, PT PLN (Persero) claimed to

date had not received a response from the

government regarding the submission of a request for an extension of the coal-

specific pricing policy which would expire

PT PLN (Persero)'s Acting Actor Sripeni

Inten Cahyani said that although the HBA

continued to show a reduction, the special till needed by PLN.

Because the global market conditions are

Based on ESDM Ministerial Decree No.

1395 K/30/MEM/2018 concerning Coal

Prices for Electric Power Supply for the Public Interest, the selling price of coal for

domestic power plants is pegged at US$ 70

per ton for reference calories of 6,322

using reference coal prices

(HBA). If the HBA is below that value, the

price used is based on the HBA. Editor:

Sementara itu, PT PLN (Persero) mengaku hingga saat ini belum mendapat respons dari pemerintah mengenai pengajuan permohonan perpanjangan kebijakan harga khusus batubara yang akan berakhir pada akhir tahun ini.

Pelaksana Tugas (Plt) PT PLN (Persero) Sripeni Inten Cahyani mengatakan meskipun HBA terus menujukkan penurunan, harga khusus batubara tetap dibutuhkan PLN. Pasalnya, kondisitidak menentu.

Berdasarkan Keputusan Menteri (Kepmen) ESDM No. 1395 K/30/MEM/2018 tentang Harga Batu Bara untuk Penyedian Tenaga Listrik untuk Kepentingan Umum, harga jual batubara untuk PLTU dalam negeri dipatok senilai US$70 per ton acuan 6.322 kkal/kg GAR atau menggunakan harga batubara acuan (HBA). Apabila HBA berada di bawah nilai tersebut, maka harga yang dipakai berdasarkan HBA. Editor : Lucky Leonard

United Tractors Maintain 2019 Performance Targets

of a decline in coal prices still

overshadows companies that are struggling in the energy commodity sector. A company like PT United Tractors Tbk (UNTR, member of the Kompas100 index)

market challenges. But so far, the Astra Group subsidiary has maintained

This year, United Tractors management expects to sell as many as 4,000 units of heavy equipment. The mining sector is the main market for their heavy equipment

United Tractors Mempertahankan Target Kinerja Tahun 2019

RISIKO penurunan harga batubara masih

membayangi perusahaan yang bergelut dalam sektor komoditas energi tersebut. Perusahaan sekelas PT United Tractors Tbk (UNTR, anggota indeks pun tak bisa mengelak dari tantangan pasar. Namun sejauh ini, anak usaha Grup Astra itu tetap mempertahankan target di sepanjang 2019.

Pada tahun ini, manajemen UnitedTractors mengharapkan bisa menjual sebanyak 4.000 unit alat berat. Sektor pertambangan merupakan pasar utama bisnis alat berat mereka.

Page 4

Sementara itu, PT PLN (Persero) mengaku hingga saat ini belum mendapat respons dari pemerintah mengenai pengajuan

njangan kebijakan harga khusus batubara yang akan berakhir

Pelaksana Tugas (Plt) PT PLN (Persero) Sripeni Inten Cahyani mengatakan meski-pun HBA terus menujukkan penurunan, harga khusus batubara tetap dibutuhkan PLN. Pasalnya, kondisi pasar global sangat

Berdasarkan Keputusan Menteri (Kepmen) ESDM No. 1395 K/30/MEM/2018 tentang Harga Batu Bara untuk Penyedian Tenaga Listrik untuk Kepentingan Umum, harga jual batubara untuk PLTU dalam negeri dipatok senilai US$70 per ton untuk kalori acuan 6.322 kkal/kg GAR atau mengguna-kan harga batubara acuan (HBA). Apabila HBA berada di bawah nilai tersebut, maka harga yang dipakai berdasarkan HBA.

United Tractors Mempertahankan Target Kinerja Tahun 2019

penurunan harga batubara masih

membayangi perusahaan yang bergelut dalam sektor komoditas energi tersebut. Perusahaan sekelas PT United Tractors Tbk (UNTR, anggota indeks Kompas100) pun tak bisa mengelak dari tantangan pasar. Namun sejauh ini, anak usaha Grup Astra itu tetap mempertahankan target di

Pada tahun ini, manajemen United Tractors mengharapkan bisa menjual sebanyak 4.000 unit alat berat. Sektor pertambangan merupakan pasar utama bisnis alat berat mereka.

IMA-Daily Update

While in the mining services business line, United Tractors wants to record overburden removal (OB) stripping volumes o950 million bcm-980 million bcm. The coal production target is 9 million tons.

While until July 2019 or more than half this year, United Tractors has sold 2,122 units of heavy equipment or around 53.05% of the total target. The realization of the company's sales coded UNTR shares on the Indonesia Stock Exchange (IDX) shrank 26.22% compared to sales in the same period last year which was 2,876 units.

Luckily, the performance of the other two business lines is still able to climb. UNTR's coal production from January to July 2019 reached 5.67 million tons, an increase of 10.96% year on year (yoy). While the volume of stripping of the soil layer increased 5.93% yoy to 565.9 million bcm. If calculated, each of these achievements is equivalent to 63% and 57.74% the total target so far this year.

United Tractors' management sees that achievements so far are still in line with estimates. "It is still on track for the target until the end of the year," Sara K. Loebis, Secretary of PT United Tractors Tbk, KONTAN yesterday.

In addition to the three business lines, United Tractors places more hope in the brand-new business namely gold mining through PT Agincourt Resources. Until July 2019, they have taken 230,000 ounces of gold troy or 57.5% of this yeartarget of 400,000 troy ounces of gold. The precious metal business has so far been able to contribute 15% of total revenue.

This year, UNTR allocates capitalexpenditure funds (capex) of US$ 750 million. As many as 80% of them are for PT Pamapersada Nusantara which is engaged in the mining services business. buying new heavy equipment,...

While in the mining services business line, United Tractors wants to record over-burden removal (OB) stripping volumes of

980 million bcm. The coal production target is 9 million tons.

While until July 2019 or more than half this year, United Tractors has sold 2,122 units of heavy equipment or around 53.05% of the total target. The realization of the

's sales coded UNTR shares on the Indonesia Stock Exchange (IDX) shrank 26.22% compared to sales in the same period last year which was 2,876 units.

Luckily, the performance of the other two business lines is still able to climb. UNTR's

m January to July 2019 reached 5.67 million tons, an increase of 10.96% year on year (yoy). While the volume of stripping of the soil layer increased 5.93% yoy to 565.9 million bcm. If calculated, each of these achievements is equivalent to 63% and 57.74% -59.57% of

United Tractors' management sees that achievements so far are still in line with estimates. "It is still on track for the target until the end of the year," Sara K. Loebis, Secretary of PT United Tractors Tbk, told

In addition to the three business lines, United Tractors places more hope in the

new business namely gold mining through PT Agincourt Resources. Until July 2019, they have taken 230,000 ounces of gold troy or 57.5% of this year's total target of 400,000 troy ounces of gold. The precious metal business has so far been able to contribute 15% of total revenue.

This year, UNTR allocates capital expenditure funds (capex) of US$ 750 million. As many as 80% of them are for PT

da Nusantara which is engaged in the mining services business. Besides

...

Sementara di lini usaha jasa penambangan, United Tractors ingin mencatatkan volume pengupasan lapisan tanah penutup atau overburden removal (OB) sebanyak 950 juta bcm–980 juta bcm. Adapun target produksi batubara mereka mencapai 9 juta ton.

Sementara hingga Juli 2019 atau lebih dari setengah tahun ini, United Tractors telah menjual 2.122 unit alat berat atau sekitar 53,05% dari total target.perusahaan berkode saham UNTR di Bursa Efek Indonesia (BEI) itu menyusut 26,22% ketimbang penjualan pada periode yang sama tahun lalu yakni 2.876 unit.

Beruntung, kinerja dua lini bisnis lainnya masih mampu mendaki. Produksi batubara UNTR selama Januari hingga Juli 2019 mencapai 5,67 juta ton atau meningkat 10,96% year on year (yoy). Sedangkan volume pengupasan lapisan tanah naik 5,93% 565,9 juta bcm. Kalau dihitung, masingpencapaian tersebut setara 63% dan 57,74%59,57% terhadap total target di sepanjang tahun ini.

Manajemen United Tractors melihat, pencapaian sejauh ini masih sejalan dengan estimasi. "Masih on the track

hingga akhir tahun," tutur Sara K. Loebis, Sekretaris PT United Tractors Tbk keKONTAN, kemarin.

Selain tiga lini bisnis tersebut, United Tractors menaruh harapan lebih pada bisnis anyar yakni penambangan emas melalui PT Agincourt Resources. Hingga Juli 2019, mereka telah mengeduk 230.000 ons troy emas atau 57,5% dari target totyaitu 400.000 ons troy emas. Bisnis logam mulia sejauh ini sudah mampu berkontribusi sebesar 15% terhadap total pendapatan.

Tahun ini, UNTR mengalokasikan dana belanja modal atawa (capex) US$ 750 juta. Sebanyak 80% di antaranya untuk PT Pamapersada Nusantara yang bergerak di bisnis jasa penambangan.Selain membeli alat berat baru,

Page 5

Sementara di lini usaha jasa penambangan, United Tractors ingin mencatatkan volume pengupasan lapisan tanah penutup atau

(OB) sebanyak 950 juta 980 juta bcm. Adapun target produksi

batubara mereka mencapai 9 juta ton.

Sementara hingga Juli 2019 atau lebih dari setengah tahun ini, United Tractors telah menjual 2.122 unit alat berat atau sekitar 53,05% dari total target. Realisasi penjualan perusahaan berkode saham UNTR di Bursa Efek Indonesia (BEI) itu menyusut 26,22% ketimbang penjualan pada periode yang sama tahun lalu yakni 2.876 unit.

Beruntung, kinerja dua lini bisnis lainnya masih mampu mendaki. Produksi batubara UNTR selama Januari hingga Juli 2019 men-capai 5,67 juta ton atau meningkat 10,96%

). Sedangkan volume pengu-pasan lapisan tanah naik 5,93% yoy menjadi 565,9 juta bcm. Kalau dihitung, masing-masing pencapaian tersebut setara 63% dan 57,74%–59,57% terhadap total target di sepanjang

Manajemen United Tractors melihat, pen-capaian sejauh ini masih sejalan dengan

on the track untuk target hingga akhir tahun," tutur Sara K. Loebis, Sekretaris PT United Tractors Tbk kepada

Selain tiga lini bisnis tersebut, United Tractors menaruh harapan lebih pada bisnis anyar yakni penambangan emas melalui PT Agincourt Resources. Hingga Juli 2019, mereka telah mengeduk 230.000 ons troy emas atau 57,5% dari target total tahun ini yaitu 400.000 ons troy emas. Bisnis logam mulia sejauh ini sudah mampu berkontribusi sebesar 15% terhadap total pendapatan.

Tahun ini, UNTR mengalokasikan dana belanja modal atawa capital expenditure

) US$ 750 juta. Sebanyak 80% di ranya untuk PT Pamapersada Nusantara

yang bergerak di bisnis jasa penambangan. Selain membeli alat berat baru,...

IMA-Daily Update

Besides buying new heavy equipment, they

want to replace 200 old heavy equipment.

"As of June, US$ 384 million has been

absorbed or around 51 percent of this

year's total capital expenditure," Sara

explained.

ACST wants more debt

PT Acset Indonusa Tbk plans to submit

additional loans worth Rp 2.4 trillion to Rp

4 trillion to its parent company, PT United

Tractors Tbk. For that, they need to chan

the loan agreement dated March 1, 2018

with the loan ceiling value at that time Rp

1.6 trillion.

Acset Indonusa requires additional

working capital to finance various

construction and infrastructure projects.

"We are not targeting how many will be

used this year and the following year," said

Maria Cesilia, Corporate Secretary of PT

Acset Indonusa Tbk, Wednesday (11/9).

Acset Indonusa prefers to change loan

facilities with United Tractors because the

process and negotiations are faster. The

company coded with ACST shares on the

IDX also gets competitive interest and does

not need to provide guarantees.

The source of United Tractors' loan to

Acset Indonusa comes from cash. United

Tractors management ensures that credit

disbursement does not affect cash flow

Reporter: Ika Puspitasari, Editor: Yuwono

triatmojo

Besides buying new heavy equipment, they

eavy equipment.

$ 384 million has been

percent of this

year's total capital expenditure," Sara

PT Acset Indonusa Tbk plans to submit

additional loans worth Rp 2.4 trillion to Rp

4 trillion to its parent company, PT United

Tractors Tbk. For that, they need to change

the loan agreement dated March 1, 2018

with the loan ceiling value at that time Rp

Acset Indonusa requires additional

working capital to finance various

construction and infrastructure projects.

"We are not targeting how many will be

this year and the following year," said

Maria Cesilia, Corporate Secretary of PT

Acset Indonusa Tbk, Wednesday (11/9).

Acset Indonusa prefers to change loan

facilities with United Tractors because the

process and negotiations are faster. The

with ACST shares on the

IDX also gets competitive interest and does

not need to provide guarantees.

The source of United Tractors' loan to

Acset Indonusa comes from cash. United

Tractors management ensures that credit

disbursement does not affect cash flow.

Reporter: Ika Puspitasari, Editor: Yuwono

Selain membeli alat berat baru, mereka

ingin mengganti 200 alat berat berusia tua.

"Sampai Juni sudah terserap US$ 384 juta

atau sekitar 51% dari total

ini," jelas Sara.

ACST minta tambah u

PT Acset Indonusa Tbk berencana meng

ajukan tambahan pinjaman senilai Rp 2,4

triliun menjadi Rp 4 triliun kepada induk

usahanya, PT United Tractors Tbk. Untuk

itu, mereka perlu mengubah perjanjian

pinjaman tertanggal 1 Maret 2018 dengan

nilai pagu pinjaman kala itu Rp 1,6 triliun.

Acset Indonusa membutuhkan tambahan

modal kerja untuk membiayai aneka

proyek konstruksi dan infrastruktur.

"Kami tidak menargetkan berapa yang

akan digunakan tahun ini dan tahun

berikutnya," kata Maria Cesilia, Sekretaris

Perusahaan PT Acset Indonusa Tbk, Rabu

(11/9).

Adapun Acset Indonusa lebih memilih

mengubah fasilitas pinjaman dengan

United Tractors lantaran proses dan

negosiasinya lebih cepat. Perusahaan

berkode saham ACST di BEI tersebut juga

mendapatkan bunga yang ko

tidak perlu memberikan jaminan.

Sumber pinjaman United Tractors kepada

Acset Indonusa berasal dari kas.

Manajemen United Tractors memastikan,

pemberian kredit tidak mempengaruhi

arus kas. Reporter: Ika Puspitasari, Editor:

Yuwono triatmojo

Page 6

Selain membeli alat berat baru, mereka

ingin mengganti 200 alat berat berusia tua.

"Sampai Juni sudah terserap US$ 384 juta

atau sekitar 51% dari total capex tahun

ACST minta tambah utang

PT Acset Indonusa Tbk berencana meng-

ajukan tambahan pinjaman senilai Rp 2,4

triliun menjadi Rp 4 triliun kepada induk

usahanya, PT United Tractors Tbk. Untuk

itu, mereka perlu mengubah perjanjian

pinjaman tertanggal 1 Maret 2018 dengan

njaman kala itu Rp 1,6 triliun.

Acset Indonusa membutuhkan tambahan

modal kerja untuk membiayai aneka

proyek konstruksi dan infrastruktur.

"Kami tidak menargetkan berapa yang

akan digunakan tahun ini dan tahun

berikutnya," kata Maria Cesilia, Sekretaris

erusahaan PT Acset Indonusa Tbk, Rabu

Adapun Acset Indonusa lebih memilih

mengubah fasilitas pinjaman dengan

United Tractors lantaran proses dan

negosiasinya lebih cepat. Perusahaan

berkode saham ACST di BEI tersebut juga

mendapatkan bunga yang kompetitif dan

tidak perlu memberikan jaminan.

Sumber pinjaman United Tractors kepada

Acset Indonusa berasal dari kas.

Manajemen United Tractors memastikan,

pemberian kredit tidak mempengaruhi

Reporter: Ika Puspitasari, Editor:

IMA-Daily Update

Fasting Exploration until March 2020, Foreigners Release PTBA

Shares Tahir Saleh, CNBC Indonesia

FOREIGN investors in trading this

Wednesday (11/09/2019) sold a lot of PT Bukit Asam Tbk (PTBA) shares up to Rp 5.71 billion in the regular market. With this record of selling, foreign net sell in the past month has reached Rp 126 billion in the regular market.

Indonesian Stock Exchange (IDX) trading data notes, despite the many foreigners coming out, but buying action is still being done by domestic investors so as to make PTBA shares rise at the close today which is 1.51% at the level of Rp 2,690/share.

Since the beginning of the year until now (year to date), PTBA shares minus 37%, while in this period foreigners have come out to Rp 1.50 trillion on the regular market.

There is no information on PTBA's corporate action so far. However, in the disclosure of information submitted on the IDX on 9 September, the management of the coal issuer said it would not conduct exploration activities to increase resources outside the area that has obtained an exploitation permit. The absence of this activity is valid for the next 6 months.

"Regarding the submission of monthly reports on the exploration activities of non-oil and gas mining companies, we hereby state that in the next 6 months until March 2020 the company will not carry out exploration activities," Corporate Secretof Bukit Asam Suherman said in a disclosure.

Fasting Exploration until March 2020, Foreigners Release PTBA

Tahir Saleh, CNBC Indonesia

investors in trading this

Wednesday (11/09/2019) sold a lot of PT Bukit Asam Tbk (PTBA) shares up to Rp 5.71 billion in the regular market. With this record of selling, foreign net sell in the past month has reached Rp 126 billion in the

ndonesian Stock Exchange (IDX) trading data notes, despite the many foreigners coming out, but buying action is still being done by domestic investors so as to make PTBA shares rise at the close today which is 1.51% at the level of Rp 2,690/share.

e beginning of the year until now (year to date), PTBA shares minus 37%, while in this period foreigners have come out to Rp 1.50 trillion on the regular

There is no information on PTBA's corporate action so far. However, in the

mation submitted on the IDX on 9 September, the management of the coal issuer said it would not conduct exploration activities to increase resources outside the area that has obtained an exploitation permit. The absence of this

xt 6 months.

"Regarding the submission of monthly reports on the exploration activities of

oil and gas mining companies, we hereby state that in the next 6 months until March 2020 the company will not carry out exploration activities," Corporate Secretary of Bukit Asam Suherman said in a

Puasa Eksplorasi hingga Maret 2020, Asing Lepas Saham PTBA

Tahir Saleh, CNBC Indonesia

INVESTOR asing pada perdagangan Rabu

ini (11/9/2019) banyak melego sahamBukit Asam Tbk (PTBA) miliar di pasar reguler. Dengan catatan aksi jual ini, maka net sell

sebulan terakhir sudah mencapai Rp 126 miliar di pasar reguler.

Data perdagangan Bursa Efek Indonesia (BEI) mencatat, kendati asing banyak keluar, tapi aksi beli masih dilakukan investor domestik sehingga membuat saham PTBA naik pada penutupan hari ini yakni 1,51% di level Rp 2.690/saham.

Sejak awal tahun hingga saat ini (year to date), saham PTBA minus 37%, spada periode ini asing sudah keluar hingga Rp 1,50 triliun di pasar reguler.

Belum ada informasi aksi korporasi PTBA sejauh ini. Namun dalam keterbukaan informasi yang disampaikan di BEISeptember lalu, manajemen emiten batubara ini menyatakan tidak akan melakukan aktivitas eksplorasi untuk penambahan sumberyang telah memperolehKetiadaan aktivitas ini berlakudengan 6 bulan ke depan.

"Perihal penyampaian laporan bulanan aktivitas eksplorasi emiten pertambangan non-oil dan gas , dengan ini kamimenyatakan bahwa sampan dengan 6 bulan ke depan yakni sampai dengan Maret 2020 perseroan tidak melakukan aktivitas eksplorasi," kata Sekretaris Perusahaan Bukit Asam Suherman, dalam keterbukaan informasi.

Page 7

Puasa Eksplorasi hingga Maret 2020, Asing Lepas Saham PTBA

Tahir Saleh, CNBC Indonesia

asing pada perdagangan Rabu

ini (11/9/2019) banyak melego saham PT Bukit Asam Tbk (PTBA) hingga Rp 5,71 miliar di pasar reguler. Dengan catatan

net sell asing dalam sebulan terakhir sudah mencapai Rp 126 miliar di pasar reguler.

Data perdagangan Bursa Efek Indonesia ) mencatat, kendati asing banyak

keluar, tapi aksi beli masih dilakukan investor domestik sehingga membuat

naik pada penutupan hari ini yakni 1,51% di level Rp 2.690/saham.

Sejak awal tahun hingga saat ini (year to minus 37%, sementara

pada periode ini asing sudah keluar hingga Rp 1,50 triliun di pasar reguler.

a informasi aksi korporasi PTBA sejauh ini. Namun dalam keterbukaan informasi yang disampaikan di BEI pada 9 September lalu, manajemen emiten

menyatakan tidak akan melakukan aktivitas eksplorasi untuk penambahan sumber daya di luar area yang telah memperoleh izin eksploitasi. Ketiadaan aktivitas ini berlaku sampai dengan 6 bulan ke depan.

"Perihal penyampaian laporan bulanan emiten pertambangan

, dengan ini kami menyatakan bahwa sampan dengan 6 bulan ke depan yakni sampai dengan Maret 2020 perseroan tidak melakukan aktivitas eksplorasi," kata Sekretaris Perusahaan Bukit Asam Suherman, dalam

i.

IMA-Daily Update

Referring to the financial statements as of

March 2019, a number of exploitation IUP

(mining business licenses) namely in

Tanjung Enim, South Sumatra, Ombilin

IUP, West Sumatra, Peranap (Riau), and in

East Kalimantan (exploitation and

production).

During the first semester of 2019, PTBA

recorded an increase in coal production of

14.11% to 12.79 million metric tons of

coal, an increase of 14.11% from the first

semester period last year.

This year, PTBA is aiming for a coal

production target of 27.26 milli

3% from last year's realization. Meanwhile,

sales volume up to semester I

reached 13.40 million tons, an increase of

9.6% from the same period the previous

year.

Suherman revealed, this year, the company

is targeting coal sales this year

28.38 million tons.

"Transport capacity in the first half was

11.71 million tons, up 5.47% from 11.1

million the previous year," Suherman said

in the Public Expose Live event at the

Indonesia Stock Exchange, Jakarta,

Tuesday (08/27/2019).

Until the first quarter, PTBA's net profit fell

21% to Rp 1.14 trillion. Bukit Asam's

revenue also recorded a 7.1% decline to Rp

5.34 trillion.

Get around this, Bukit Asam will

implement a selective mining strategy,

optimize coal production with a low

stripping ratio and close haul distances.

"Thus the cost can be reduced, ultimately

the profit is maintained in the range that

we planned," he concluded. (tas

Referring to the financial statements as of

March 2019, a number of exploitation IUP

(mining business licenses) namely in

Tanjung Enim, South Sumatra, Ombilin

IUP, West Sumatra, Peranap (Riau), and in

East Kalimantan (exploitation and

g the first semester of 2019, PTBA

recorded an increase in coal production of

14.11% to 12.79 million metric tons of

coal, an increase of 14.11% from the first

This year, PTBA is aiming for a coal

production target of 27.26 million tons, up

3% from last year's realization. Meanwhile,

sales volume up to semester I-2019

reached 13.40 million tons, an increase of

9.6% from the same period the previous

Suherman revealed, this year, the company

is targeting coal sales this year to reach

"Transport capacity in the first half was

11.71 million tons, up 5.47% from 11.1

million the previous year," Suherman said

in the Public Expose Live event at the

Indonesia Stock Exchange, Jakarta,

e first quarter, PTBA's net profit fell

21% to Rp 1.14 trillion. Bukit Asam's

revenue also recorded a 7.1% decline to Rp

Get around this, Bukit Asam will

implement a selective mining strategy,

optimize coal production with a low

tio and close haul distances.

"Thus the cost can be reduced, ultimately

the profit is maintained in the range that

tas/hps)

Mengacu laporan keuangan per

2019, beberapa IUP (izin usaha pertam

bangan) eksploitasi yakni di Ta

Sumatra Selatan, IUP

Barat, Peranap (Riau), dan di

Timur (eksploitasi dan produksi).

Sepanjang semester I

catat kenaikan produksi batubara sebesar

14,11% menjadi 12,79 juta metrik ton

batubara, meningkat 14,11% dari periode

semester pertama tahun lalu.

Tahun ini, PTBA ini membidik target

produksi batubara 27,26 juta ton, naik 3%

dari realisasi tahun lalu. Sementara itu,

volume penjualan hingga semester I

mencapai 13,40 juta ton meningkat 9,6

dari periode yang sama tahun sebelumnya.

Suherman mengungkapkan, pada tahun ini,

perseroan menargetkan, penjualan batu

bara pada tahun ini mencapai 28,38 juta

ton.

"Kapasitas angkutan di semester pertama

11,71 juta ton, naik 5,47% dari tahun

sebelumnya 11,1 juta," kata Suherman

dalam gelaran Public Expose Live di Bursa

Efek Indonesia, Jakarta, Selasa (27/8/

2019).

Hingga triwulan pertama, laba bersih PTBA

tercatat anjlok 21% menjadi Rp 1,14

triliun. Pendapatan Bukit Asam juga

tercatat mengalami penurunan

jadi Rp 5,34 triliun.

Menyiasati hal tersebut, Bukit Asam akan

menerapkan strategi secara

mining, mengoptimalkan produksi batu

bara dengan stripping ratio

serta jarak angkut yang dekat. "Dengan

demikian cost dapat ditekan, ak

dijaga di kisaran yang kita rencanakan,"

pungkasnya. (tas/hps)

Page 8

Mengacu laporan keuangan per Maret

2019, beberapa IUP (izin usaha pertam-

eksploitasi yakni di Tanjung Enim,

Sumatra Selatan, IUP Ombilin, Sumatra

(Riau), dan di Kalimantan

Timur (eksploitasi dan produksi).

Sepanjang semester I-2019, PTBA men-

catat kenaikan produksi batubara sebesar

14,11% menjadi 12,79 juta metrik ton

meningkat 14,11% dari periode

semester pertama tahun lalu.

Tahun ini, PTBA ini membidik target

produksi batubara 27,26 juta ton, naik 3%

dari realisasi tahun lalu. Sementara itu,

volume penjualan hingga semester I-2019

mencapai 13,40 juta ton meningkat 9,6%

dari periode yang sama tahun sebelumnya.

Suherman mengungkapkan, pada tahun ini,

perseroan menargetkan, penjualan batu-

bara pada tahun ini mencapai 28,38 juta

"Kapasitas angkutan di semester pertama

11,71 juta ton, naik 5,47% dari tahun

1,1 juta," kata Suherman

dalam gelaran Public Expose Live di Bursa

Efek Indonesia, Jakarta, Selasa (27/8/

Hingga triwulan pertama, laba bersih PTBA

tercatat anjlok 21% menjadi Rp 1,14

triliun. Pendapatan Bukit Asam juga

tercatat mengalami penurunan 7,1% men-

Menyiasati hal tersebut, Bukit Asam akan

menerapkan strategi secara selective

, mengoptimalkan produksi batu-

stripping ratio yang rendah

serta jarak angkut yang dekat. "Dengan

dapat ditekan, akhirnya laba

dijaga di kisaran yang kita rencanakan,"

IMA-Daily Update

Following Production Increase, Freeport Hikes Exports

AFTER getting additional production

quota through revision of its Work Program and Budget (RKAB), PT Freeport Indonesia applied for increase of its copper concentrate export quota. FreeportIndonesia Vice President of Corporate Communications Riza Pratama says company submitted application foradditional export quota last week.

This follows on Freeport’s formally gaining approval for its revised RKAB early this month. “It’s still being processed, as we submitted the application last week,” he informed KONTAN yesterday.

But Freeport management is still declining to disclose the copper concentrate quota increase the company applied for. Freeport will only make the disclosure after the government approves its request. Earlier the Ministry of Energy and MineResources (ESDM) had approved the company’s revision of its RKAB, specifically with regard to increase of its copper concentrate production by 300,000 tons.

ESDM Ministry Director of Minerals Development and Businesses Yunus Saifulhak says the export quota increase corresponds with the revised RKAB. “Yes, (the export quota increase) corresponds with the revised RKAB.

I don’t know the exact (figure), but it’s around 300,000 tons,” Yunus said. ESDM Ministry Directorate General of Minerals and Coal is evaluating the quota increase request. Yunus said the evaluation process should be completed by this week. Nanda Mulyana)

Following Production Increase, Freeport Hikes Exports

getting additional production

quota through revision of its Work Program and Budget (RKAB), PT Freeport Indonesia applied for increase of its copper concentrate export quota. Freeport Indonesia Vice President of Corporate Communications Riza Pratama says the company submitted application for additional export quota last week.

This follows on Freeport’s formally gaining approval for its revised RKAB early this month. “It’s still being processed, as we submitted the application last week,” he

But Freeport management is still declining to disclose the copper concentrate quota increase the company applied for. Freeport will only make the disclosure after the government approves its request. Earlier the Ministry of Energy and Mineral Resources (ESDM) had approved the company’s revision of its RKAB, specifically with regard to increase of its copper concentrate production by 300,000 tons.

ESDM Ministry Director of Minerals Development and Businesses Yunus

quota increase corresponds with the revised RKAB. “Yes, (the export quota increase) corresponds

I don’t know the exact (figure), but it’s around 300,000 tons,” Yunus said. ESDM Ministry Directorate General of Minerals

evaluating the quota increase request. Yunus said the evaluation process should be completed by this week. (Ridwan

Setelah Tambah Produksi, Freeport Mengerek Ekspor

SETELAH mendapatkan tambahan kuota

produksi melalui persetujuan revisi Rencana Kerja dan Anggaran Biaya (RKAB), PT Freeport Indonesia mengajukan tambahan kuota ekspor konsentrat tembaga. Vice President Corporate Communication Freeport Indonesia, Riza Pratama, mejelaskan mereka sudah mengajukan tambahan kuota ekspor sejak pekan lalu.

Hal tersebut dilakukan setelah Freeport resmi menerima persetujuan revisi RKAB di awal bulan ini. "Masih dalam proses, kami mengajukan minggu lalu," kata dia kepada KONTAN, kemarin.

Namun manajemen Freeport masih enggan menyebutkan berapa tambahan kuota ekspor konsentrat tembaga yang mereka ajukan. Freeport baru akan membeberkannya setelah mendapatkan persetujuan dari peiherintah. Sebelumnya, Kementerian Energi dan Sumber Daya Minemenyetujui revisi RKAB khususnya pengajuan kuota tambahan produksi konsentrat tembaga sebanyak 300.000 ton.

Direktur Pembinaan dan Pengusahaan Mineral Kementerian ESDM, YunusSaifulhak, menyebutkan tambahan kuota ekspor sesuai dengan revisi RKAdisetujui. "Ya (tambahan kuota ekspor) sesuai dengan RKAB yang sudah direvisi.

(Angka) tepatnya saya enggak tahu, sekitar 300.000 ton," kata Yunus. Direktorat Jenderal Minerba Kementerian ESDM sedang mengevaluasi pengajuan tambahan kuota tersebut. Yunus meujapjikan proses evaluasi selesai pekan ini. Mulyana)

Page 9

Setelah Tambah Produksi, Freeport Mengerek Ekspor

mendapatkan tambahan kuota

produksi melalui persetujuan revisi Rencana Kerja dan Anggaran Biaya (RKAB), PT Freeport Indonesia mengajukan tam-bahan kuota ekspor konsentrat tembaga. Vice President Corporate Communication Freeport Indonesia, Riza Pratama, men-jelaskan mereka sudah mengajukan tambahan kuota ekspor sejak pekan lalu.

Hal tersebut dilakukan setelah Freeport resmi menerima persetujuan revisi RKAB di awal bulan ini. "Masih dalam proses, kami mengajukan minggu lalu," kata dia kepada

Namun manajemen Freeport masih enggan menyebutkan berapa tambahan kuota ekspor konsentrat tembaga yang mereka ajukan. Freeport baru akan membeber-kannya setelah mendapatkan persetujuan dari peiherintah. Sebelumnya, Kementerian Energi dan Sumber Daya Mineral (ESDM) menyetujui revisi RKAB khususnya peng-ajuan kuota tambahan produksi konsentrat tembaga sebanyak 300.000 ton.

Direktur Pembinaan dan Pengusahaan Mineral Kementerian ESDM, Yunus Saifulhak, menyebutkan tambahan kuota ekspor sesuai dengan revisi RKAB yang disetujui. "Ya (tambahan kuota ekspor) sesuai dengan RKAB yang sudah direvisi.

(Angka) tepatnya saya enggak tahu, sekitar 300.000 ton," kata Yunus. Direktorat Jenderal Minerba Kementerian ESDM sedang mengevaluasi pengajuan tambahan

unus meujapjikan proses evaluasi selesai pekan ini. (Ridwan Nanda

IMA-Daily Update

Philippine Nickel Ore Output Rises 3 Percent Even though Many

Mines Close By: Finna U. Ulfah

THE OUTPUT of Philippine nickel ore, one

of the world's largest nickel ore exporters, rose 3 percent in the first half of this year even though half of the country's mines were closed due to maintenance or environmental reasons.

Based on data from the Mining and Geoscience Bureau, during the first semester of 2019 the Philippines produced 11.31 million metric tons of nickel ore, higher than the same period last year of 11.01 million tons.

The increase in production occurred even though as many as 16 of the 31 nickel mines in the Philippines were closed in the first half of this year due to maintenance or suspension of mining operations due to environmental policies and others.

For information, the Department ofEnvironment and Natural Resources of the Philippines (DENR) last year issued a new operational policy, including for some nickel producers, to take part in audits and suspend operations temporarily to assess their compliance with environmental regulations.

However, up to now there are still 5 mines that have not yet met the requirements to lift the suspension so that they cannot begin operations.

Quoting Fitch Solutions Macro Research's research, he estimates that nickel ore production in the Philippines will remain low in the coming years due to stringent environmental policies and high policy uncertainties that will hamper project development.

Philippine Nickel Ore Output Rises 3 Percent Even though Many

of Philippine nickel ore, one

of the world's largest nickel ore exporters, rose 3 percent in the first half of this year even though half of the country's mines were closed due to maintenance or

Based on data from the Mining and science Bureau, during the first

semester of 2019 the Philippines produced 11.31 million metric tons of nickel ore, higher than the same period last year of

The increase in production occurred even though as many as 16 of the 31 nickel mines in the Philippines were closed in the first half of this year due to maintenance or suspension of mining operations due to environmental policies and others.

For information, the Department of Environment and Natural Resources of the

R) last year issued a new operational policy, including for some nickel producers, to take part in audits and suspend operations temporarily to assess their compliance with environmental regulations.

However, up to now there are still 5 mines yet met the requirements to

lift the suspension so that they cannot

Quoting Fitch Solutions Macro Research's research, he estimates that nickel ore production in the Philippines will remain low in the coming years due to stringent

nmental policies and high policy uncertainties that will hamper project

Output Bijih Nikel Filipina Naik 3 Persen Meski Banyak Tambang

TutupOleh : Finna U. Ulfah

OUTPUT bijih nikel Filipina, salah satu

eksportir bijih nikel terbesar di dunia, naik 3 persen pada paruh pertama tahun ini meskipun setengah dari jumlah tambang negara ditutup karena alasan pemeliharaan atau lingkungan.

Berdasarkan data Biro Pertambangan dan Geosains, sepanjang semester I/2019 Filipina menghasilkan sebanyak 11,31 juta metik ton bijih nikel, lebih tinggi dibandingkan dengan periode yang sama tahun lalu sebesar 11,01 juta ton.

Kenaikan produksi tersebut terjadi meskipun sebanyak 16 dari 31 tambang nikel tutup pada paruh pertama tahun ini karena pemeliharaan atau penangguhan operasional tambang akibat kebijakan lingkungan dan lainnya.

Sebagai informasi, Department of Environment and Natural Resources Filipina (DENR) pada tahun lalu mengeluarkanbaru, termasuk bagi beberapa produsen nikel, untuk mengikuti audit dan memberhentikan operasionalnya sementara guna kepatuhan mereka terhadap peraturan lingkungan.

Namun, hingga kini masih terdapat 5 tambang yang ditangguhkan belum memenuhi persyaratan untuk mengangkat suspensi tersebut sehingga belum dapat memulai operasionalnya.

Mengutip riset Fitch Solutions Macro Research, pihaknya memperkirakan produksi bijih nikel di Filipina tetap rendah dalam beberapa tahun mendatanglingkungan yang ketat dan ketidakpastian kebijakan yang tinggi sehingga akan menghambat pengembangan proyek.

Page 10

Output Bijih Nikel Filipina Naik 3 Persen Meski Banyak Tambang

Tutup Finna U. Ulfah

nikel Filipina, salah satu

eksportir bijih nikel terbesar di dunia, naik 3 persen pada paruh pertama tahun ini meskipun setengah dari jumlah tambang negara ditutup karena alasan pemeliharaan

Berdasarkan data Biro Pertambangan dan sepanjang semester I/2019 Filipina

menghasilkan sebanyak 11,31 juta metik ton bijih nikel, lebih tinggi dibandingkan dengan periode yang sama tahun lalu sebesar 11,01

Kenaikan produksi tersebut terjadi meskipun sebanyak 16 dari 31 tambang nikel di Filipina tutup pada paruh pertama tahun ini karena pemeliharaan atau penangguhan operasional tambang akibat kebijakan lingkungan dan

Sebagai informasi, Department of Environment and Natural Resources Filipina (DENR) pada tahun lalu mengeluarkan kebijakan operasional baru, termasuk bagi beberapa produsen nikel, untuk mengikuti audit dan memberhentikan operasionalnya sementara guna menilai kepatuhan mereka terhadap peraturan ling-

Namun, hingga kini masih terdapat 5 tambang n belum memenuhi per-

syaratan untuk mengangkat suspensi tersebut sehingga belum dapat memulai operasionalnya.

Mengutip riset Fitch Solutions Macro Research, pihaknya memperkirakan produksi bijih nikel di Filipina tetap rendah dalam beberapa tahun mendatang karena kebijakan lingkungan yang ketat dan ketidakpastian kebijakan yang tinggi sehingga akan meng-hambat pengembangan proyek.

IMA-Daily Update

For information, in 2018, Philippine nickel ore output fell 4 percent to 25.9 million metric tons. Meanwhile, the Philippines isthe largest nickel ore producer globally, besides Indonesia, which sells most of its nickel ore to China, the world's largest metal consumer.

"We expect output in the number one global producer, the Philippines, will begin to increase in 2019 because sevecurrently suspended have resumed operations," Fitch Solution tulias in his research was quoted as saying by Reuters on Wednesday (11/09/2019).

Philippine nickel miners are likely to increase ore production next year, trying to fill the supply gap that will be created when Indonesia officially stops ore exports early next year.

Therefore, Fitch Solutions expects an average annual growth of 2.5 percent in Philippine output from 2019 to 2028. Editor: Ana Noviani

The coal producers' dilemma fills the 25% DMO versus minimal

absorptive capacity

COAL business actors are still in a dilemma

in fulfilling domestic supply. Because the ability of the domestic market to absorb coal is still minimal. But on the other hand, the Domestic Market Obligation (DMO)obligation of 25% of production musbe fulfilled.

The Executive Director of the Indonesian Coal Mining Association (APBI) Hendra Sinadia said, currently businesses are competing to supply coal domestically. This is due to...

For information, in 2018, Philippine nickel ore output fell 4 percent to 25.9 million metric tons. Meanwhile, the Philippines is the largest nickel ore producer globally, besides Indonesia, which sells most of its nickel ore to China, the world's largest

"We expect output in the number one global producer, the Philippines, will begin to increase in 2019 because several mines currently suspended have resumed operations," Fitch Solution tulias in his research was quoted as saying by Reuters

Philippine nickel miners are likely to increase ore production next year, trying

that will be created when Indonesia officially stops ore exports

Therefore, Fitch Solutions expects an average annual growth of 2.5 percent in Philippine output from 2019 to 2028.

Sebagai informasi, pada 2018, nikel Filipina turun 4 juta metrik ton. Adapun, Filipina merupakan produsen bijih nikel terbesar secara global, selain Indonesia, yang menjual sebagian besar bijih nikelnya kepada China, konsumen logam terbesar di dunia.

"Kami mengharapkan global nomor satu, Filipina, akan mulai meningkat pada 2019 karena beberapa tambang yang saat ini ditangguhkan mulai kembali beroperasi," tulias Fitch Solution dalam risetnya seperti dikutip dari Rabu (11/9/2019).

Penambang nikel Filipina kemungkinan besar akan meningkatkan produksi bijih tahun depan, berusaha mengisi kesenjangan pasokan yang akan dibuat ketika Indonesia resmi menghentikan ekspor bijihnya pada awal tahun depan.

Oleh karena itu, Fitch Solutions mengharakan adanya pertumbuhan tahunan rata2,5 persen pada output hingga 2028. Editor : Ana Noviani

The coal producers' dilemma fills the 25% DMO versus minimal

capacity

business actors are still in a dilemma

in fulfilling domestic supply. Because the ability of the domestic market to absorb coal is still minimal. But on the other hand, the Domestic Market Obligation (DMO) obligation of 25% of production must still

The Executive Director of the Indonesian Coal Mining Association (APBI) Hendra Sinadia said, currently businesses are competing to

This is due to...

Dilema produsen batubara penuhi 25% DMO versus daya serap

yang minim

PELAKU usaha batubara masih terhempit

dilema dalam memenuhi pasokan ke dalam negeri. Pasalnya, kemampuan pasar domestik untuk menyerap batubara masih minim. Tapi di sisi lain, kewajiban Obligation (DMO) sebesar 25% dari produksi tetap harus ditunaikan.

Direktur Eksekutif Asosiasi Pertambangan Batubara Indonesia (APBI) Hendra Sinadia mengatakan, saat ini pelaku usaha tengah berlomba untuk memasok batubara ke dalam negeri. Hal ini lantaran...

Page 11

Sebagai informasi, pada 2018, output bijih persen menjadi 25,9

juta metrik ton. Adapun, Filipina merupakan produsen bijih nikel terbesar secara global, selain Indonesia, yang menjual sebagian besar bijih nikelnya kepada China, konsumen logam terbesar di dunia.

ngharapkan output di produsen global nomor satu, Filipina, akan mulai meningkat pada 2019 karena beberapa tambang yang saat ini ditangguhkan mulai kembali beroperasi," tulias Fitch Solution dalam risetnya seperti dikutip dari Reuters,

ambang nikel Filipina kemungkinan besar akan meningkatkan produksi bijih tahun depan, berusaha mengisi kesenjangan pasokan yang akan dibuat ketika Indonesia resmi menghentikan ekspor bijihnya pada

Oleh karena itu, Fitch Solutions mengharap-kan adanya pertumbuhan tahunan rata-rata

output Filipina selama 2019 Editor : Ana Noviani

Dilema produsen batubara penuhi 25% DMO versus daya serap

ang minim

usaha batubara masih terhempit

dilema dalam memenuhi pasokan ke dalam negeri. Pasalnya, kemampuan pasar domestik untuk menyerap batubara masih minim. Tapi di sisi lain, kewajiban Domestic Market

(DMO) sebesar 25% dari produksi

Direktur Eksekutif Asosiasi Pertambangan Batubara Indonesia (APBI) Hendra Sinadia mengatakan, saat ini pelaku usaha tengah berlomba untuk memasok batubara ke dalam

IMA-Daily Update

This is due to the factor of global market pressure and coal prices which continue

the downward trend. "But the reality is that supplying the domestic market is not

easy," Hendra told Kontan.co.id, Wednes

day (11/9).

Hendra explained, about 80% of domestic coal supply was absorbed for electricity

needs. However, around 90% of the needs

of PT PLN (Persero) have been contracted,

and only met by eight coal companies.

Hendra said, the contract was reasonable.

Because, this was done to guarantee the supply of coal, when the DMO required

25% and a special price of US$ 70 per ton

had not been applied.

Before the policy took effect since March last year, Hendra said that PLN only

contracts with certain companies by

adjusting the appropriate type of coal

calories, and the contract was agreed based on market prices.

"That is indeed to guarantee supply, incidentally the company has a track

record and large reserves. So before (DMO

25% and special prices) they have

contracted," explained Hendra.

Meanwhile, based on data from APeight companies that supplied around 90%

of PLN's needs last year were PTBA with a

portion of 28%, KPC (18%), Adaro (17%), Arutmin (14%), Kideco (11%) , Berau

(5%), Titan (5%) and ITMG (2%).

As a result, the niche to supply coal to PLN is only around 10%. Hendra said, the

condition was exacerbated by the uptake

of domestic coal is still stagnant because

the coal absorber industry such as cement

and textiles is being depressed. "Our domestic industry is slowing down again.

Textiles and cement are wea

absorption is not increasing," Hendra said.

due to the factor of global market pressure and coal prices which continue

the downward trend. "But the reality is that supplying the domestic market is not

easy," Hendra told Kontan.co.id, Wednes-

Hendra explained, about 80% of domestic upply was absorbed for electricity

needs. However, around 90% of the needs

of PT PLN (Persero) have been contracted,

and only met by eight coal companies.

Hendra said, the contract was reasonable.

Because, this was done to guarantee the n the DMO required

25% and a special price of US$ 70 per ton

Before the policy took effect since March last year, Hendra said that PLN only

contracts with certain companies by

adjusting the appropriate type of coal

ontract was agreed

"That is indeed to guarantee supply, incidentally the company has a track

record and large reserves. So before (DMO

25% and special prices) they have

contracted," explained Hendra.

Meanwhile, based on data from APBI, the eight companies that supplied around 90%

of PLN's needs last year were PTBA with a

portion of 28%, KPC (18%), Adaro (17%), Arutmin (14%), Kideco (11%) , Berau

(5%), Titan (5%) and ITMG (2%).

As a result, the niche to supply coal to PLN nd 10%. Hendra said, the

condition was exacerbated by the uptake

of domestic coal is still stagnant because

the coal absorber industry such as cement

and textiles is being depressed. "Our domestic industry is slowing down again.

Textiles and cement are weakening, so

absorption is not increasing," Hendra said.

Hal ini lantaran faktor tekanan pasar global serta harga batubara yang terus melanjutkan tren penurunan. "Namun kenyataannya memasok ke pasar dalam negeri itu tidak mudah," kata Hendra ke Kontan.co.i(11/9).

Hendra menjelaskan, sekitar 80% pasokan batubara ke dalam negeri diserap untuk kebutuhan kelistrikan. Namun, sekitar 90% kebutuhan PT PLN (Persero) sudah terkontrak, dan hanya dipenuhi oleh delapan perusahaan batubara.

Hendra menyebut, konmemang beralasan. Sebab, hal itu dilakukan untuk menjamin pasokan batubara, ketika wajib DMO 25% dan harga khusus sebesar US$ 70 per ton belum diberlakukan.

Sebelum kebijakan itu berlaku sejak Maret tahun lalu, Hendra menyebut bahwa PLN hanya berkontrak dengan perusahaan tertentu saja dengan menyesuaikan jenis kalori batubara yang sesuai, dan kontrak pun disepakati berdasarkan harga pasar.

"Itu memang untuk jaminan pasokan, kebetulan perusahaan tersebut punya track record dan cadangan yang bessebelum (DMO 25% dan harga khusus) itu mereka sudah berkontrak," terang Hendra.

Adapun, berdasarkan data dari APBI, delapan perusahaan yang memasok sekitar 90% kebutuhan PLN pada tahun lalu adalah PTBA dengan porsi sebesar 28%, KPC (18%), Adaro (17%), Arutmin (14%), Kideco (11%), Berau (5%), Titan (5%), dan ITMG (2%).

Alhasil, ceruk untuk memasok batubara ke PLN hanya tersisa sekitar 10%. Hendra bilang, kondisi itu diperparah dengan serapan batubara dalam negeri masih stagnan lantaran industri pebara seperti semen dan tekstil tengah tertekan. "Industri domestik kita lagi melambat. Tekstil dan semen lagi melemah, jadi serapan nggak meningkat," kata Hendra.

Page 12

Hal ini lantaran faktor tekanan pasar global serta harga batubara yang terus melanjut-kan tren penurunan. "Namun kenyataannya memasok ke pasar dalam negeri itu tidak mudah," kata Hendra ke Kontan.co.id, Rabu

Hendra menjelaskan, sekitar 80% pasokan batubara ke dalam negeri diserap untuk kebutuhan kelistrikan. Namun, sekitar 90% kebutuhan PT PLN (Persero) sudah ter-kontrak, dan hanya dipenuhi oleh delapan

Hendra menyebut, kontrak tersebut memang beralasan. Sebab, hal itu dilakukan untuk menjamin pasokan batubara, ketika wajib DMO 25% dan harga khusus sebesar US$ 70 per ton belum diberlakukan.

Sebelum kebijakan itu berlaku sejak Maret tahun lalu, Hendra menyebut bahwa PLN

berkontrak dengan perusahaan tertentu saja dengan menyesuaikan jenis kalori batubara yang sesuai, dan kontrak pun disepakati berdasarkan harga pasar.

"Itu memang untuk jaminan pasokan, kebetulan perusahaan tersebut punya track record dan cadangan yang besar. Jadi sebelum (DMO 25% dan harga khusus) itu mereka sudah berkontrak," terang Hendra.

Adapun, berdasarkan data dari APBI, delapan perusahaan yang memasok sekitar 90% kebutuhan PLN pada tahun lalu adalah PTBA dengan porsi sebesar 28%, KPC

(17%), Arutmin (14%), Kideco (11%), Berau (5%), Titan (5%), dan

Alhasil, ceruk untuk memasok batubara ke PLN hanya tersisa sekitar 10%. Hendra bilang, kondisi itu diperparah dengan serapan batubara dalam negeri masih stagnan lantaran industri penyerap batu-bara seperti semen dan tekstil tengah ter-tekan. "Industri domestik kita lagi melam-bat. Tekstil dan semen lagi melemah, jadi serapan nggak meningkat," kata Hendra.

IMA-Daily Update

Thus, Hendra also said that his party requested that the government be able to review the DMO policy related to the benchmark price for electricity of US$ 70 per ton, as well as the amount of DMO that was pegged at 25% of production.

According to Hendra, the benchmark price is no longer relevant because theReference Coal Price (HBA)below US$ 70 per ton. Finally, the September HBA is lying prone at US$ 65.79 per ton.

So even with the magnitude of the percentage of the DMO. According to Hendra, with coal production this year predicted to exceed the initial target, the amount of DMO 25% is also irrelevant. "Production levels have increased, while the shareholders have not increased domestic uptake, so the amount of DMOs may be smaller (than 25%)," Hendra said.

Indeed, the government provides space for companies that do not get a market with a quota transfer scheme. Through the quota transfer scheme, companies that have not fulfilled the DMO obligation of 25% can buy quotas to companies whose DMO supply has exceeded 25%.

However, Hendra stressed that the scheme was still hampered by a number of obstacles. Apart from the number of companies and the amount of quota that can be transferred is not balanced, the trend of falling prices makes the quota transfer scheme more difficult.

Moreover, there is no clear price benchmark, because it is based on business to business. "So quota transfers are hampered. How do you want to buy (quota), prices continue to fall," said Hendra.

This condition is a serious challenge for the government that wants to increase the portion of coal absorption in the country.

Thus, Hendra also said that his party requested that the government be able to review the DMO policy related to the benchmark price for electricity of US$ 70 per ton, as well as the amount of DMO that was pegged at 25% of production.

According to Hendra, the benchmark price is no longer relevant because the Reference Coal Price (HBA) is already below US$ 70 per ton. Finally, the September HBA is lying prone at US$ 65.79

So even with the magnitude of the percentage of the DMO. According to Hendra, with coal production this year predicted to exceed the initial target, the

t of DMO 25% is also irrelevant. "Production levels have increased, while the shareholders have not increased domestic uptake, so the amount of DMOs may be smaller (than 25%)," Hendra said.

Indeed, the government provides space for t a market with a

quota transfer scheme. Through the quota transfer scheme, companies that have not fulfilled the DMO obligation of 25% can buy quotas to companies whose DMO

However, Hendra stressed that the scheme ed by a number of

obstacles. Apart from the number of companies and the amount of quota that can be transferred is not balanced, the trend of falling prices makes the quota

Moreover, there is no clear price e it is based on business

to business. "So quota transfers are hampered. How do you want to buy (quota), prices continue to fall," said

This condition is a serious challenge for the government that wants to increase the

n the country.

Sehingga, Hendra pun mengatakan bahwa pihaknya meminta supaya pemerintah bisa mengkaji kembali kebijakan DMO terkait dengan harga patokan untuk kelistrikan sebesar US$ 70 per ton, serta besaran DMO yang dipatok 25% dari produksi.

Menurut Hendra, harga patokan sudah tak lagi relevan lantaran Harga Batubara Acuan (HBA) sudah berapa di bawah US$ 70 per ton. Terakhir, HBA September tercatat tiarap di angka US$ 65,79 per ton.

Begitu pun dengan besaran persentase DMO. Menurut Hendra, dengan produbatubara pada tahun ini yang diprediksi akan kembali melebihi target awal, besaran DMO 25% juga tak relevan. "Tingkat produksi meningkat, sementara pembaginya, serapan domestik nngak bertambah, jadi besaran DMO mungkin lebih kecil (dari 25%)," ujar Hen

Memang, pemerintah memberikan ruang bagi perusahaan yang tidak mendapatkan pasar dengan skema transfer kuota. Melalui skema transfer kuota, perusahaan yang belum memenuhi kewajiban DMO 25% bisa membeli kuota kepada perusahaan yang pasokan DMOmelebihi 25%.

Namun, Hendra menegaskan bahwa skema tersebut masih terganjal sejumlah kendala. Selain karena jumlah perusahaan dan jumlah kuota yang bisa ditransfer tidak berimbang, tren penurunan harga membuat skema transfer kuota menjadi lebih sulit dilakukan.

Apalagi, tidak ada patokan harga yang jelas, karena berdasarkan business to business. "Jadi transfer kuota terhambat. Bagaimana mau beli (kuota), harga aja terus turun," ungkap Hendra.

Kondisi tersebut menjadi tantangan serius bagi pemerintah yangporsi penyerapan batubara di dalam negeri.

Page 13

Sehingga, Hendra pun mengatakan bahwa pihaknya meminta supaya pemerintah bisa mengkaji kembali kebijakan DMO terkait dengan harga patokan untuk kelistrikan sebesar US$ 70 per ton, serta besaran DMO yang dipatok 25% dari produksi.

ndra, harga patokan sudah tak lagi relevan lantaran Harga Batubara Acuan (HBA) sudah berapa di bawah US$ 70 per ton. Terakhir, HBA September ter-catat tiarap di angka US$ 65,79 per ton.

Begitu pun dengan besaran persentase DMO. Menurut Hendra, dengan produksi batubara pada tahun ini yang diprediksi akan kembali melebihi target awal, besaran DMO 25% juga tak relevan. "Tingkat produksi meningkat, sementara pembaginya, serapan domestik nngak bertambah, jadi besaran DMO mungkin lebih kecil (dari 25%)," ujar Hendra.

Memang, pemerintah memberikan ruang bagi perusahaan yang tidak mendapatkan pasar dengan skema transfer kuota. Melalui skema transfer kuota, perusahaan yang belum memenuhi kewajiban DMO 25% bisa membeli kuota kepada perusahaan yang pasokan DMO-nya sudah

Namun, Hendra menegaskan bahwa skema tersebut masih terganjal sejumlah kendala. Selain karena jumlah perusahaan dan jumlah kuota yang bisa ditransfer tidak berimbang, tren penurunan harga mem-buat skema transfer kuota menjadi lebih

Apalagi, tidak ada patokan harga yang jelas, karena berdasarkan business to business. "Jadi transfer kuota terhambat. Bagaimana mau beli (kuota), harga aja terus turun," ungkap Hendra.

Kondisi tersebut menjadi tantangan serius bagi pemerintah yang ingin menambah porsi penyerapan batubara di dalam

IMA-Daily Update

Previously, the Director General of Mineral and Coal at the Ministry of ESDM, Bambang Gatot Ariyono, said that the government began to prioritize the supply of coal into the country.

"Five years ago, we preferred to export coal to get taxes, but now, slowly but surely, we began to prioritize domestic needs," Bambang explained some time ago.

He claimed, from 2011 to 2017, the domestic market continued to increase. Bambang said, domestic absorption hagrown by around 27% every year.

This year, Bambang said that the company targets 60 percent growth in the domestic market. "In 2019 we expect the domestic market to increase by 60%," he said.

Meanwhile, last year, the realization of domestic coal uptake only touched the figure of 115.09 million tons or missed the target set of 121 million tons.

From the DMO realization of 115.09 million tons, 91.14 million tons were absorbed for the needs of the steam power plant (PLTU), as many as 1.75 million tons for the metallurgical industry, as much as 22.18 million tons for the fertilizer, cement, textiles and paper, and 0.01 million tons are used for briquettes. Reporter: Ridwan Nanda Mulyana, Editor: Azis

Husaini

Central Omega (DKFT) Prepares Strategy to Face the NIkel Export

Ban

PT CENTRAL Omega Resources Tbk

(DKFT) is preparing to anticipate the impact of the implementation of the export ban on low grade nickel ore.

Previously, the Director General of Mineral and Coal at the Ministry of ESDM, Bambang Gatot Ariyono, said that the government began to prioritize the supply of coal into

o, we preferred to export coal to get taxes, but now, slowly but surely, we began to prioritize domestic needs," Bambang explained some time ago.

He claimed, from 2011 to 2017, the domestic market continued to increase. Bambang said, domestic absorption has grown by around 27% every year.

This year, Bambang said that the company targets 60 percent growth in the domestic market. "In 2019 we expect the domestic market to increase by 60%," he said.

Meanwhile, last year, the realization of only touched the

figure of 115.09 million tons or missed the

From the DMO realization of 115.09 million tons, 91.14 million tons were absorbed for the needs of the steam power plant (PLTU), as many as 1.75 million tons

he metallurgical industry, as much as 22.18 million tons for the fertilizer, cement, textiles and paper, and 0.01 million tons are used for briquettes. Reporter: Ridwan Nanda Mulyana, Editor: Azis

Sebelumnya, Direktur Jenderal Mineral dan Batubara Kementerian ESDM Bambang Gatot Ariyono mengatakan bahwa pemerintah mulai memprioritaskan pasokan batubara ke dalam negeri.

"Lima tahun yang lalu, kami lebih suka mengekspor batubara untuk mendapatkan pajak, tapi sekarang, secara perlahan namun pasti, kami mulai memprioritaskan kebutuhan domestik" terang Bambang beberapa waktu lalu.

Ia mengklaim, sejak tahun 2011 hingga tahun 2017, pasar domestik terus meningkat. Bambang bilang, serapan domestik telah bertumbuh sekitar 27% setiap tahunnya.

Pada tahun ini, Bambang mengatakan bahwa pihaknya menargetkan pertumbuhan untuk pasar domestik sebanyak 60%. "Pada tahun 2019 kami berharap untuk pasar domestik meningkat sebesar 60%," ujarnya.

Adapun, pada tahun lalu, realisasi serapan batubara domestik hanya menyentuh a115,09 juta ton atau meleset dari target yang ditetapkan sebesar 121 juta ton.

Dari realisasi DMO sebesar 115,09 juta ton itu, sebesar 91,14 juta ton diserap untuk kebutuhan pembangkit listrik tenaga uap (PLTU), sebanyak 1,75 juta ton untuk industri metalurgi, sebesar 22,18 juta ton untuk industri pupuk, semen, tekstik dan kertas, serta 0,01 juta ton digunakan untuk briket. Reporter: Ridwan Nanda Mulyana, Editor:

Azis Husaini

FT) Prepares Strategy to Face the NIkel Export

Omega Resources Tbk

(DKFT) is preparing to anticipate the impact of the implementation of the export

Central Omega (DKFT) Siapkan Strategi Hadapi Larangan Ekspor

NIkel

PT CENTRAL Omega Resources Tbk

(DKFT) mulai bersiap mengantisipasi dampak penerapan larangan ekspor bijih nikel kadar rendah.

Page 14

Sebelumnya, Direktur Jenderal Mineral dan Kementerian ESDM Bambang Gatot

Ariyono mengatakan bahwa pemerintah mulai memprioritaskan pasokan batubara ke

"Lima tahun yang lalu, kami lebih suka meng-ekspor batubara untuk mendapatkan pajak, tapi sekarang, secara perlahan namun pasti,

mulai memprioritaskan kebutuhan do-mestik" terang Bambang beberapa waktu lalu.

Ia mengklaim, sejak tahun 2011 hingga tahun 2017, pasar domestik terus meningkat. Bambang bilang, serapan domestik telah bertumbuh sekitar 27% setiap tahunnya.

Bambang mengatakan bahwa pihaknya menargetkan pertumbuhan untuk pasar domestik sebanyak 60%. "Pada tahun 2019 kami berharap untuk pasar domestik meningkat sebesar 60%," ujarnya.

Adapun, pada tahun lalu, realisasi serapan batubara domestik hanya menyentuh angka 115,09 juta ton atau meleset dari target yang ditetapkan sebesar 121 juta ton.

Dari realisasi DMO sebesar 115,09 juta ton itu, sebesar 91,14 juta ton diserap untuk kebutuhan pembangkit listrik tenaga uap (PLTU), sebanyak 1,75 juta ton untuk

etalurgi, sebesar 22,18 juta ton untuk industri pupuk, semen, tekstik dan kertas, serta 0,01 juta ton digunakan untuk

Reporter: Ridwan Nanda Mulyana, Editor:

Central Omega (DKFT) Siapkan Strategi Hadapi Larangan Ekspor

NIkel

Omega Resources Tbk

(DKFT) mulai bersiap mengantisipasi dampak penerapan larangan ekspor bijih

IMA-Daily Update

The plan is for the government to implement the regulation starting January 1, 2020.

DKFT management did not reject the regulation, which would make this company lose some of its revenuepotential.

"There must be an impact on company revenue, which is the loss of some of the company's revenue from the mining sector," Johanes Supriadi, Corporate Secretary of DKFT, told KONTAN,Wednesday (11/9).

Just to illustrate, this year DKFT targets nickel sales to reach 1.01 million tons. Of the total amount, around 200,000 metric tons of nickel ore is supplied to smelters. While as many as 818,000 metric tons are marketed to the export market.

Even so, the nickel ore mining company has prepared a strategy to patch the potential loss of revenue. Johanes said, this lost income would later be patched up by increased revenue from ferronickel sales.

At present, DKFT ferronickel sales are still relatively small. Until the end of the year, the company targets ferronickel sales to reach 39,200 metric tons.

In addition, in the long run, the regulation of the export ban on nickel ore will also have a positive impact on nickel mining companies. This is because the regulation will reduce the supply of nickel in the market, so that prices have the potential to rise.

Johanes said, if this happens, this condition will have a positive impact on the development of smelters in the country. "The nickel industry in Indonesia can develop and the smelter businessman can complete the project to completion," he explained.

The plan is for the government to implement the regulation starting January

DKFT management did not reject the ulation, which would make this

company lose some of its revenue

"There must be an impact on company revenue, which is the loss of some of the company's revenue from the mining sector," Johanes Supriadi, Corporate Secretary of DKFT, told KONTAN,

Just to illustrate, this year DKFT targets nickel sales to reach 1.01 million tons. Of the total amount, around 200,000 metric tons of nickel ore is supplied to smelters. While as many as 818,000 metric tons are

ket.

Even so, the nickel ore mining company has prepared a strategy to patch the potential loss of revenue. Johanes said, this lost income would later be patched up by increased revenue from ferronickel sales.

At present, DKFT ferronickel sales are still elatively small. Until the end of the year,

the company targets ferronickel sales to

In addition, in the long run, the regulation of the export ban on nickel ore will also have a positive impact on nickel mining

because the regulation will reduce the supply of nickel in the market, so that prices have the potential to

Johanes said, if this happens, this condition will have a positive impact on the development of smelters in the country.

in Indonesia can develop and the smelter businessman can complete the project to completion," he

Rencananya, pemerintah akan menerapkan beleid tersebut mulai 1 Januari 2020.

Manajemen DKFT tidak menampik beleid tersebut akan membuat perusahaankehilangan sebagian potensi pendapatan.

"Pasti ada dampak terhadap pendapatan perusahaan yaitu hilangnya sebagian pendapatan perusahaan dari sektor pertambangan," ungkap Johanes Supriadi Sekretaris Perusahaan DKFT kepada KONTAN, Rabu (11/9).

Sekadar gambaran, pada tahun ini DKFT menargetkan penjualan nikel mencapai 1,01 juta ton. Dari total jumlah tersebut, sekitar 200.000 metrik ton bijih nikel dipasok ke smelter. Sementara sebanyak 818.000 metrik ton dipasarkan ke pasar ekspor.

Meski begitu, perusahaan penambang bijih nikel ini sudah menyiapkan strategi untuk menambal potensi kehilangan pendapatan tersebut. Johanes menyebut, pendapatan yang hilang ini nantinya akan ditambal oleh peningkatan pendapatan dari penjualan feronikel.

Saat ini, penjualan feronikel DKFT masih tergolong kecil. Sampai akhir tahun, perusahaan ini menargetkan penjualan feronikel mencapai 39.200 metrik ton.

Selain itu, dalam jangka panjang, beleid pelarangan ekspor bijih nikel tersebut juga akan berdampak positif ke emiten penambang nikel. Sebab, aturan tersebut akan membuat pasokan nikel di pasar berkurang, sehingga harga berpotensi naik.

Johanes menuturkan, bila ini terjadi, kondisi ini akan berdampak positif terhadap pengembangannegeri. "Industri nikel diberkembang dan pengusahamenyelesaikan proyeknya hingga tuntas," papar dia.

Page 15

Rencananya, pemerintah akan menerapkan beleid tersebut mulai 1 Januari 2020.

Manajemen DKFT tidak menampik beleid tersebut akan membuat perusahaan ini kehilangan sebagian potensi pendapatan.

"Pasti ada dampak terhadap pendapatan perusahaan yaitu hilangnya sebagian pendapatan perusahaan dari sektor pertambangan," ungkap Johanes Supriadi Sekretaris Perusahaan DKFT kepada KONTAN, Rabu (11/9).

gambaran, pada tahun ini DKFT menargetkan penjualan nikel mencapai 1,01 juta ton. Dari total jumlah tersebut, sekitar 200.000 metrik ton bijih nikel

. Sementara sebanyak 818.000 metrik ton dipasarkan ke pasar

ahaan penambang bijih nikel ini sudah menyiapkan strategi untuk menambal potensi kehilangan pendapatan tersebut. Johanes menyebut, pendapatan yang hilang ini nantinya akan ditambal oleh peningkatan pendapatan dari pen-

feronikel DKFT masih tergolong kecil. Sampai akhir tahun, perusahaan ini menargetkan penjualan feronikel mencapai 39.200 metrik ton.

Selain itu, dalam jangka panjang, beleid pelarangan ekspor bijih nikel tersebut juga akan berdampak positif ke emiten

ambang nikel. Sebab, aturan tersebut akan membuat pasokan nikel di pasar berkurang, sehingga harga berpotensi naik.

Johanes menuturkan, bila ini terjadi, kondisi ini akan berdampak positif ter-hadap pengembangan smelter di dalam negeri. "Industri nikel di Indonesia dapat berkembang dan pengusaha smelter dapat menyelesaikan proyeknya hingga tuntas,"

IMA-Daily Update

DKFT is also continuing the development of phase II ferronickel smelters with a capacity of 200,000 metric tons per year. The smelter, located in North Morowali, Central Sulawesi, began construction in 2020 and is expected to be completed by mid-2022.

Previously, DKFT built a phase I smelter in 2017 with a capacity of 100,000 metric tons of ferronickel per year, using blast furnace technology. Reporter: Akhmad

Suryahadi, Editor: Narita Indrastiti

Slumped Prices, Global Aluminum Producer Under Pressure

By: Finna U. Ulfah

THE DECLINE in aluminum prices

throughout the year 2019, made some aluminum producers to improve efficiency to survive the collapse in prices amid weak demand due to the protracted US and China trade war that lasted since last year.

Norsk Hydro, one of the world's largest aluminum producers from Norway, will close some of its production in Germany and can lay off more than 700 workers in an effort to increase business profits.

Norsk Hydro Rolled-Aluminum Product Executive Vice President Einar Glomnes said that amid low global aluminum pcosts in the Norsk Hydro foil business are too high, especially manual and labor intensive production processes. Not to mention the fairly competitive competition in this market segment.

"So as a consequence, we plan to close our main foil line business," Einar Glomnes was quoted as saying by Reuters on Wednesday (11/09/2019).

DKFT is also continuing the development of phase II ferronickel smelters with a capacity of 200,000 metric tons per year.

orth Morowali, Central Sulawesi, began construction in 2020 and is expected to be completed by

Previously, DKFT built a phase I smelter in 2017 with a capacity of 100,000 metric tons of ferronickel per year, using blast

er: Akhmad

Suryahadi, Editor: Narita Indrastiti

DKFT juga tengah meneruskan pengembangan smelter feronikel tahap II berkapasitas 200.000 metrik ton per tahun.Smelter yang berlokasi di Morowali Utara, Sulawesi Tengah, ini mulai dibangun pada 2020 dan diperkirakan rampung pertengahan 2022.

Sebelumnya, DKFT telah membangunsmelter tahap I pada 2017 silam dengan kapasitas 100.000 metrik ton feronikel per tahun, menggunakantechnology. Reporter: Akhmad Suryahadi,

Editor: Narita Indrastiti

Slumped Prices, Global Aluminum Producer Under Pressure

in aluminum prices

throughout the year 2019, made some aluminum producers to improve efficiency to survive the collapse in prices amid weak demand due to the protracted US and China trade war that lasted since last year.

Norsk Hydro, one of the world's largest ucers from Norway, will

close some of its production in Germany and can lay off more than 700 workers in an effort to increase business profits.

Aluminum Product Executive Vice President Einar Glomnes said that amid low global aluminum prices, costs in the Norsk Hydro foil business are too high, especially manual and labor intensive production processes. Not to mention the fairly competitive competition

"So as a consequence, we plan to close our ness," Einar Glomnes was

quoted as saying by Reuters on Wednesday

Harga Terpuruk, Produsen Aluminium Global dalam Tekanan

Oleh : Finna U. Ulfah

TERPURUKNYA harga aluminium sepanjang

tahun berjalan 2019, membuat beberapa produsen aluminium melakukan efisiensi untuk bertahan hidup dari anjloknya harga di tengah lemahnya permintaan akibat perang dagang AS dan China yang terjadi berlarutlalu.

Norsk Hydro, salah satu produsen aluminium terbesar di dunia asal Norwegia, akan menutup beberapa produksinya di Jerman dan dapat memberhentikan lebih dari 700 pekerja dalam upaya untuk meningkatkan keuntungan bisnis.

Wakil Presiden Eksekutif Produk RolledAluminum Norsk Hydro Einar Glomnes mengatakan bahwa di tengah harga aluminium global yang rendah, biaya di bagian bisnis foil Norsk Hydro terlalu tinggi, terutama proses produksi manual dan intensif pekerja. Belum lagi persaingan yang cukup kompetitif di segmen pasar tersebut.

“Sehingga sebagai konsekuensinya, kami berencana untuk menutup bisnis jalur utama foil kami,” ujar Einar Glomnes seperti dikutip dari Reuters, Rabu (11/9/2019).

Page 16

DKFT juga tengah meneruskan pengem-feronikel tahap II ber-

kapasitas 200.000 metrik ton per tahun. yang berlokasi di Morowali Utara,

Sulawesi Tengah, ini mulai dibangun pada perkirakan rampung per-

Sebelumnya, DKFT telah membangun tahap I pada 2017 silam dengan

kapasitas 100.000 metrik ton feronikel per menggunakan blast furnance

Reporter: Akhmad Suryahadi,

Harga Terpuruk, Produsen Aluminium Global dalam Tekanan

Finna U. Ulfah

harga aluminium sepanjang

tahun berjalan 2019, membuat beberapa produsen aluminium melakukan efisiensi untuk bertahan hidup dari anjloknya harga di tengah lemahnya permintaan akibat perang dagang AS dan China yang terjadi berlarut-larut sejak tahun

Norsk Hydro, salah satu produsen aluminium terbesar di dunia asal Norwegia, akan menutup beberapa produksinya di Jerman dan dapat memberhentikan lebih dari 700 pekerja dalam upaya untuk meningkatkan keuntungan bisnis.

Wakil Presiden Eksekutif Produk Rolled-Aluminum Norsk Hydro Einar Glomnes mengatakan bahwa di tengah harga aluminium global yang rendah, biaya di bagian bisnis foil Norsk Hydro terlalu tinggi, terutama proses produksi manual dan intensif pekerja. Belum lagi persaingan yang cukup kompetitif di

“Sehingga sebagai konsekuensinya, kami berencana untuk menutup bisnis jalur utama foil kami,” ujar Einar Glomnes seperti dikutip

, Rabu (11/9/2019).

IMA-Daily Update

The restructuring is estimated to cost around 160 million euros, equivalent to US$ 177 million, including closing the foil production section at the Grevenbroich plant in Germany and planned personnel cost cuts of up to 60 million euros per year.

Of the total costs, as much as 100 million euros to 120 million euros willrevenue in the third quarter of 2019.

Meanwhile, the restructuring will cause redundancy of up to 735 full time equivalents (FTEs). However, for an FTE indicating that one employee works full time, the actual number of employees affected may be smaller.

"The goal is to have as few people affected, and this can be done by reducing working hours or other actions," he added.

The company said it now wants its roll product business to focus more on industrial growth, such as the automotive sector.

Alcoa Corp

On the other hand, Alcoa Corp, the largest aluminum producer from the US, will eliminate the structure of its business units and consolidate sales, procurement, and other commercial functions. The company will streamline its organizational structespecially in the executive section of the original 12 executive positions to leave only 7 positions.

Chief Executive Officer Roy Harvey said that the downsizing of the structure was due to slowing global growth even though additional import tariffs by US President Donald Trump were aimed at protecting the domestic industry.

For information, the US plans to increase aluminum and steel import tariffs because the US producer believes it cannot compete due to a flood of aluminum and steel supplies from China to cheaper international markets.

The restructuring is estimated to cost equivalent to

US$ 177 million, including closing the foil production section at the Grevenbroich plant in Germany and planned personnel cost cuts of up to 60 million euros per year.

Of the total costs, as much as 100 million euros to 120 million euros will be taken as revenue in the third quarter of 2019.

Meanwhile, the restructuring will cause redundancy of up to 735 full time equivalents (FTEs). However, for an FTE indicating that one employee works full time, the actual number of employees

"The goal is to have as few people affected, and this can be done by reducing working hours or other actions," he added.

The company said it now wants its roll product business to focus more on industrial growth, such as the automotive sector.

On the other hand, Alcoa Corp, the largest aluminum producer from the US, will eliminate the structure of its business units and consolidate sales, procurement, and other commercial functions. The company will streamline its organizational structure, especially in the executive section of the original 12 executive positions to leave

Chief Executive Officer Roy Harvey said that the downsizing of the structure was due to slowing global growth even though

y US President Donald Trump were aimed at protecting

For information, the US plans to increase aluminum and steel import tariffs because the US producer believes it cannot compete due to a flood of aluminum and steel

ina to cheaper inter-

Restrukturisasi tersebut diperkirakan menelan biaya sekitar 160 juta euro atau setara dengan US$177 juta, termasuk menutup bagian produksi foil di pabrik Grevenbroich di Jerman dan pemotongan biaya personil yang direncanakan hingga 60 juta euro per tahun.

Dari total biaya tersebut, sebanyak 100 juta euro hingga 120 juta euro akan diambil sebagai pendapatan pada kuartal ketiga 2019.

Adapun, restrukturisasi tersebut akan menyebabkan redundansi hingga 735equivalents (FTEs). Kendati demikian, satu FTE yang menunjukkan satu karyawan bekerja penuh waktu, jumlah karyawan sebenarnya yang terkena dampak bisa lebih kecil.

“Tujuannya adalah untuk memiliki sesedikit mungkin orang yang terkena dampaknya, dan ini dapat dilakukan dengan mengurangi jam kerja atau tindakan lain,” tambahnya.

Perusahaan mengatakan, pihaknya kini menginginkan bisnis produk gulungnya lebih fokus pada pertumbuhan industri, seperti sektor otomotif.

Alcoa Corp

Di sisi lain, Alcoa Corp, produsen aterbesar asal AS, akan menghilangkan struktur unit bisnisnya dan mengkonsolidasikan penjualan, pengadaan, dan fungsi komersial lainnya. Perusahaan tersebut akan merampingkan struktur organisasinya, terutama di bagian eskekutif dari semula terdapeksekutif menjadi menyisakan 7 posisi saja.

Chief Executive Officer Roy Harvey mengatakan bahwa perampingan stuktur tersebut terjadi karena melambatnya pertumbuhan global meskipun tarif impor tambahan oleh Presiden AS Donald Trump ditujukan melindungi industri dalam negeri.

Sebagai informasi, AS merencanakan kenaikan tarif impor aluminium dan baja karena produsen AS berpendapat pihaknya tidak dapat bersaing akibat membanjirnya pasokan aluminium dan baja dari China ke pasar internasional yang lebih murah.

Page 17

Restrukturisasi tersebut diperkirakan menelan biaya sekitar 160 juta euro atau setara dengan US$177 juta, termasuk menutup bagian

di pabrik Grevenbroich di Jerman dan pemotongan biaya personil yang di-encanakan hingga 60 juta euro per tahun.

Dari total biaya tersebut, sebanyak 100 juta euro hingga 120 juta euro akan diambil sebagai pendapatan pada kuartal ketiga 2019.

Adapun, restrukturisasi tersebut akan menye-babkan redundansi hingga 735 full time

(FTEs). Kendati demikian, satu FTE yang menunjukkan satu karyawan bekerja penuh waktu, jumlah karyawan sebenarnya yang terkena dampak bisa lebih kecil.

“Tujuannya adalah untuk memiliki sesedikit mungkin orang yang terkena dampaknya, dan

dilakukan dengan mengurangi jam kerja atau tindakan lain,” tambahnya.

Perusahaan mengatakan, pihaknya kini meng-inginkan bisnis produk gulungnya lebih fokus pada pertumbuhan industri, seperti sektor

Di sisi lain, Alcoa Corp, produsen aluminium terbesar asal AS, akan menghilangkan struktur unit bisnisnya dan mengkonsolidasikan pen-jualan, pengadaan, dan fungsi komersial lain-nya. Perusahaan tersebut akan merampingkan struktur organisasinya, terutama di bagian eskekutif dari semula terdapat 12 jabatan eksekutif menjadi menyisakan 7 posisi saja.

Chief Executive Officer Roy Harvey mengata-kan bahwa perampingan stuktur tersebut terjadi karena melambatnya pertumbuhan global meskipun tarif impor tambahan oleh Presiden AS Donald Trump ditujukan untuk melindungi industri dalam negeri.

Sebagai informasi, AS merencanakan kenaikan tarif impor aluminium dan baja karena produsen AS berpendapat pihaknya tidak dapat bersaing akibat membanjirnya pasokan aluminium dan baja dari China ke

yang lebih murah.

IMA-Daily Update

Meanwhile, the downsizing will result in restructuring costs, which Alcoa hopes can be reported at the end of the third quarter and the restructuring must be completed by the end of the first quarter of 2020.

Alcoa will implement a secoreorganization since the split at the end of 2016 as the company seeks to reduce overhead costs after lower aluminum prices reduced the company's revenue in the second quarter of this year.

As a result of this, Alcoa has also cut the outlook for global aluminum demand in July along with US and China trade tensions that slowed global economic growth.

Alcoa estimates that global aluminum demand this year will only grow around 1.25% to 2.25%, smaller than the previous estimate which is optimistic to grow 2%3%.

Therefore, the supply of aluminum from the Pittsburgh, US-based company will follow projected consumption so that total production will only be from 1 million tons to 1.4 million tons, smaller than the April production forecast.

Price Rate

Aluminum prices have dropped 13% last year and moved down 1.41% throughout the year 2019. Meanwhile, aluminum futures prices have moved below the level of US$ 2,000 per ton since October 2018 due to the heat of trade war between the two countries and the economy the biggest in the world.

Low prices indicate contraction in demand for metal commodities, which is also reflected in car sales in China which has continued to decline in recent months.

In trading on Wednesday (11/09/2019), the price of aluminum futures for the November 2019 contract on the SHFE exchange moved up 0.17% to 14,405 yuan per ton.

Meanwhile, the downsizing will result in restructuring costs, which Alcoa hopes can be reported at the end of the third quarter and the restructuring must be completed by the end of the first quarter of 2020.

Alcoa will implement a second reorganization since the split at the end of 2016 as the company seeks to reduce overhead costs after lower aluminum prices reduced the company's revenue in the

As a result of this, Alcoa has also cut the aluminum demand in July

along with US and China trade tensions that slowed global economic growth.

Alcoa estimates that global aluminum demand this year will only grow around 1.25% to 2.25%, smaller than the previous estimate which is optimistic to grow 2% to

Therefore, the supply of aluminum from the based company will follow

projected consumption so that total production will only be from 1 million tons to 1.4 million tons, smaller than the April

prices have dropped 13% last year and moved down 1.41% throughout the year 2019. Meanwhile, aluminum futures prices have moved below the level of US$ 2,000 per ton since October 2018 due to the heat of trade war between the two

he biggest in

Low prices indicate contraction in demand for metal commodities, which is also reflected in car sales in China which has continued to decline in recent months.

In trading on Wednesday (11/09/2019), the the November

2019 contract on the SHFE exchange moved up 0.17% to 14,405 yuan per ton.

Adapun, langkah perampingan tersebut akan menghasilkan biaya restrukturisasi, yang diharapkan Alcoa dapat dilaporkan pada akhir kuartal ketiga dan restrukturisasi haruselesaikan pada akhir kuartal pertama 2020.

Alcoa akan menerapkan reorganisasi kedua sejak perpecahan pada akhir 2016 lalu karena perusahaan berusaha untuk mengurangi biaya overhead setelah harga aluminium yang lebih rendah menurunkan pendapatan perusahaan pada kuartal kedua tahun ini.

Akibat hal tersebut, Alcoa pun telah memangkas prospek permintaan aluminium global pada Juli lalu seiring dengan ketegangan perdagangan AS dan China yang melambatkan pertumbuhan ekonomi global.

Alcoa memperkirakan perglobal pada tahun ini hanya akan tumbuh sekitar 1,25% hingga 2,25%, lebih kecil dibandingkan dengan perkiraan sebelumnya yang optimistis tumbuh 2% hingga 3%.

Oleh karena itu, pasokan aluminium dari perusahaan yang berbasis di Pittsburgh, akan mengikuti proyeksi konsumsi sehingga total produksi hanya akan sebesar 1 juta ton hingga 1,4 juta ton, lebih kecil dari perkiraan produksi April.

Laju Harga

Harga aluminium telah anjlok 13% pada tahun lalu dan bergerak melemah 1,41% sepanjang tahun berjalan 2019. Adapun, harga aluminium berjangka telah bergerak di bawah level US$2.000 per ton sejak Oktober 2018 lalu yang disebabkan oleh panasnya perang dagang antara dua negara dengan ekonomi terbesar di dunia.

Harga yang rendah menunjukkan terkontraksinya permintaan komoditas logam, yang juga tercermin dari penjualan mobil di China yang terus menurun dalam beberapa bulan terakhir.

Pada perdagangan Rabu (11/9/2019), harga aluminium berjangka untuk kontrakNovember 2019 di bursa SHFE bergerak menguat 0,17% menjadi 14.405 yuan per ton.

Page 18

Adapun, langkah perampingan tersebut akan menghasilkan biaya restrukturisasi, yang diharapkan Alcoa dapat dilaporkan pada akhir kuartal ketiga dan restrukturisasi harus di-selesaikan pada akhir kuartal pertama 2020.

Alcoa akan menerapkan reorganisasi kedua sejak perpecahan pada akhir 2016 lalu karena perusahaan berusaha untuk mengurangi biaya overhead setelah harga aluminium yang lebih rendah menurunkan pendapatan per-

sahaan pada kuartal kedua tahun ini.

Akibat hal tersebut, Alcoa pun telah me-mangkas prospek permintaan aluminium global pada Juli lalu seiring dengan kete-gangan perdagangan AS dan China yang melambatkan pertumbuhan ekonomi global.

Alcoa memperkirakan permintaan aluminium global pada tahun ini hanya akan tumbuh sekitar 1,25% hingga 2,25%, lebih kecil dibandingkan dengan perkiraan sebelumnya yang optimistis tumbuh 2% hingga 3%.

Oleh karena itu, pasokan aluminium dari perusahaan yang berbasis di Pittsburgh, AS ini akan mengikuti proyeksi konsumsi sehingga total produksi hanya akan sebesar 1 juta ton hingga 1,4 juta ton, lebih kecil dari perkiraan

Harga aluminium telah anjlok 13% pada tahun lalu dan bergerak melemah 1,41%

ahun berjalan 2019. Adapun, harga aluminium berjangka telah bergerak di bawah level US$2.000 per ton sejak Oktober 2018 lalu yang disebabkan oleh panasnya perang dagang antara dua negara dengan ekonomi terbesar di dunia.

Harga yang rendah menunjukkan ter-ontraksinya permintaan komoditas logam,

yang juga tercermin dari penjualan mobil di China yang terus menurun dalam beberapa

Pada perdagangan Rabu (11/9/2019), harga aluminium berjangka untuk kontrak November 2019 di bursa SHFE bergerak

uat 0,17% menjadi 14.405 yuan per ton.

IMA-Daily Update

Meanwhile, aluminum prices on the LME exchange at the close of trading on Tuesday (9/10/2019), were at the level of US$ 1,820 per ton, strengthening 1.17%.

Bank of America Corp analyst Timna Tanners said that given the price of the commodity under pressure, the market would see a lot of news from aluminum manufacturing companies to cut costs in order to save its business.

"That's what Alcoa is trying to do. The reason they are doing this now is because of the challenging commodity conditions," Timna said as quoted by Bloomberg, Wednesday (11/09/2019). Editor: Ana Noviani

Miners welcome Indonesian export ore

LARGE mining companies on Wednesday welcomed a recent decision by the Indonesian

government to move forward a ban on exporting nickel ore, as the firms aim to increase

smelting output.

Top nickel ore supplier Indonesia last month said the country will stop ore

2020, pushing forward a ban by two years and raising concerns of supply shortage as well as

causing financing issues for smaller players.

But major industry players gathering at the Asian Nickel conference on Wednesday said the

ban would further support the development of the nickel processing industry in the country.

“For Vale, we see Indonesia as a great opportunity to expand our production,” Steven Brown,

a general manager at PT Vale Indonesia, told the conference in Jakarta.

Indonesia said it expedited the ban to reserve ore for its fast

nickel pig iron (NPI), stainless steel and electric vehicles (EV) battery nickel.

The country first placed the nickel ore export ban in 2014, causing a price surg

then relaxed it in 2017 under a quota system. Nickel prices have surged as much as 76% this

year.

“If we step back and look at whether this has been a successful industrial policy for Indonesia,

I think the answer to that is a resounding ye

Meanwhile, aluminum prices on the LME exchange at the close of trading on Tuesday (9/10/2019), were at the level of US$ 1,820 per ton, strengthening 1.17%.

Bank of America Corp analyst Timna e price of the

commodity under pressure, the market would see a lot of news from aluminum manufacturing companies to cut costs in

"That's what Alcoa is trying to do. The reason they are doing this now is because of the challenging commodity conditions," Timna said as quoted by Bloomberg, Wednesday

Editor: Ana Noviani

Sementara itu, harga aluminium di bursa LME pada penutupan perdagangan Selasa (10/9/2019), berada di level US$1.820 per ton, menguat 1,17%.

Analis Bank of America Corp Timna Tanners mengatakan bahwa mengingat harga komoditas tersebut di bawah tekanan, pasar akan melihat banyak berita dari perusahaan produsen aluminium untuk memangkas biaya agar dapat menyelamatkan bisnisnya.

“Itulah yang coba dilakukan Alcoa. Alasan mereka melakukan ini sekarang adalah karena kondisi komoditas yang menantang,” ujar Timna seperti dikutip dari Rabu (11/9/2019). Editor : Ana Noviani

Miners welcome Indonesian export ore ban, plan smelting expansionMai Nguyen, Wilda Asmarini

mining companies on Wednesday welcomed a recent decision by the Indonesian

government to move forward a ban on exporting nickel ore, as the firms aim to increase

Top nickel ore supplier Indonesia last month said the country will stop ore

2020, pushing forward a ban by two years and raising concerns of supply shortage as well as

causing financing issues for smaller players.

But major industry players gathering at the Asian Nickel conference on Wednesday said the

uld further support the development of the nickel processing industry in the country.

“For Vale, we see Indonesia as a great opportunity to expand our production,” Steven Brown,

a general manager at PT Vale Indonesia, told the conference in Jakarta.

nesia said it expedited the ban to reserve ore for its fast-expanding smelting industries of

nickel pig iron (NPI), stainless steel and electric vehicles (EV) battery nickel.

The country first placed the nickel ore export ban in 2014, causing a price surg

then relaxed it in 2017 under a quota system. Nickel prices have surged as much as 76% this

“If we step back and look at whether this has been a successful industrial policy for Indonesia,

I think the answer to that is a resounding yes,” said Mark Selby, principal of Selby & Co.

Page 19

Sementara itu, harga aluminium di bursa LME pada penutupan perdagangan Selasa (10/9/2019), berada di level US$1.820 per

nalis Bank of America Corp Timna Tanners mengatakan bahwa mengingat harga komoditas tersebut di bawah tekanan, pasar akan melihat banyak berita dari perusahaan produsen aluminium untuk memangkas biaya agar dapat menyelamatkan bisnisnya.

ilakukan Alcoa. Alasan mereka melakukan ini sekarang adalah karena kondisi komoditas yang menantang,” ujar Timna seperti dikutip dari Bloomberg,

Editor : Ana Noviani

ban, plan smelting expansion

mining companies on Wednesday welcomed a recent decision by the Indonesian

government to move forward a ban on exporting nickel ore, as the firms aim to increase

Top nickel ore supplier Indonesia last month said the country will stop ore export from Jan. 1,

2020, pushing forward a ban by two years and raising concerns of supply shortage as well as

But major industry players gathering at the Asian Nickel conference on Wednesday said the

uld further support the development of the nickel processing industry in the country.

“For Vale, we see Indonesia as a great opportunity to expand our production,” Steven Brown,

expanding smelting industries of

nickel pig iron (NPI), stainless steel and electric vehicles (EV) battery nickel.

The country first placed the nickel ore export ban in 2014, causing a price surge at the time,

then relaxed it in 2017 under a quota system. Nickel prices have surged as much as 76% this

“If we step back and look at whether this has been a successful industrial policy for Indonesia,

s,” said Mark Selby, principal of Selby & Co.

IMA-Daily Update

“Tens of billions of dollars for investments coming into Indonesia, probably more in mining investment than any other developing country in the world, as a result the ore ban. Mining resources are not infinite,” Selby told the conference.

SMELTING CAPACITY

Smelters in Indonesia in the past few years have ramped up production of NPI and ferronickel, or products made from nickel ore that are used in making stainless steel.

From nearly zero in 2014, Indonesia’s NPI output climbed to 261,000 tonnes a year in 2018 and could climb to as much as 530,000 tonnes in 2020, according to analysts’ estimate.

“The good thing is, domestically, more and more smelters apart from those owneare coming up and running,” said Dimas Wikan Pramuditho, chief finance officer of Indonesian state miner Aneka Tambang (Antam).

Antam aimed to expand its ferronickel output to 40,500 tonnes of nickel metal by next year, from 27,000 tonnes currently and planned to add at least another 93,500 tonnes of nickel in NPI and ferronickel by 2024, Antam’s commerce director Aprilandi Hidayat Setia told the conference.

Tsingshan, the biggest NPI producer in Indonesia, could add another 100,000 tonnes of nin NPI next year, from around 220,000 tonnes currently, a source with direct knowledge said, while PT Vale Indonesia plans to add a new ferronickel smelter and expand its existing nickel matte plant.

Nickel firms are also planning several battery nioutlook for the EV battery sector, despite facing challenges of disposing waste financially and cleanly as well as obtaining a permit to run the projects.

Tsingshan and its partners have two battery nickel projec110,000 tonnes in nickel content and aimed to start production from end 2020, pending permits from the authority and financing, the direct source said.

PT Vale Indonesia and Sumitomo Metal Mining Co Ltd are conducting a feasib40,000-tonne battery nickel project, while Indonesia’s Harita Group and China’s Ningbo Lygend is planning another battery nickel plant.

Reporting by Mai Nguyen and Wilda Asmarini; Editing by Lisa Shumaker

Philippine nickel ore outpuunlikely

PHILIPPINE nickel miners are likely to ramp up ore output by next year, but their

production capacity is limited by a number of factors, including governmentimposed mining curbs, the head of the local industry lobby group said on Wednesday.

“Tens of billions of dollars for investments coming into Indonesia, probably more in mining investment than any other developing country in the world, as a result the ore ban. Mining

,” Selby told the conference.

Smelters in Indonesia in the past few years have ramped up production of NPI and ferronickel, or products made from nickel ore that are used in making stainless steel.

From nearly zero in 2014, Indonesia’s NPI output climbed to 261,000 tonnes a year in 2018 and could climb to as much as 530,000 tonnes in 2020, according to analysts’ estimate.

“The good thing is, domestically, more and more smelters apart from those owneare coming up and running,” said Dimas Wikan Pramuditho, chief finance officer of Indonesian state miner Aneka Tambang (Antam).

Antam aimed to expand its ferronickel output to 40,500 tonnes of nickel metal by next year, ntly and planned to add at least another 93,500 tonnes of nickel in

NPI and ferronickel by 2024, Antam’s commerce director Aprilandi Hidayat Setia told the

Tsingshan, the biggest NPI producer in Indonesia, could add another 100,000 tonnes of nin NPI next year, from around 220,000 tonnes currently, a source with direct knowledge said, while PT Vale Indonesia plans to add a new ferronickel smelter and expand its existing nickel

Nickel firms are also planning several battery nickel projects in Indonesia on the positive outlook for the EV battery sector, despite facing challenges of disposing waste financially and cleanly as well as obtaining a permit to run the projects.

Tsingshan and its partners have two battery nickel projects with combined capacity of 110,000 tonnes in nickel content and aimed to start production from end 2020, pending permits from the authority and financing, the direct source said.

PT Vale Indonesia and Sumitomo Metal Mining Co Ltd are conducting a feasibtonne battery nickel project, while Indonesia’s Harita Group and China’s Ningbo

Lygend is planning another battery nickel plant.

Reporting by Mai Nguyen and Wilda Asmarini; Editing by Lisa Shumaker

Philippine nickel ore output may rise, but return to 2014 peak level unlikely — industry head

Reuters

nickel miners are likely to ramp up ore output by next year, but their

production capacity is limited by a number of factors, including governmentcurbs, the head of the local industry lobby group said on Wednesday.

Page 20

“Tens of billions of dollars for investments coming into Indonesia, probably more in mining investment than any other developing country in the world, as a result the ore ban. Mining

Smelters in Indonesia in the past few years have ramped up production of NPI and ferronickel, or products made from nickel ore that are used in making stainless steel.

From nearly zero in 2014, Indonesia’s NPI output climbed to 261,000 tonnes a year in 2018 and could climb to as much as 530,000 tonnes in 2020, according to analysts’ estimate.

“The good thing is, domestically, more and more smelters apart from those owned by Antam are coming up and running,” said Dimas Wikan Pramuditho, chief finance officer of

Antam aimed to expand its ferronickel output to 40,500 tonnes of nickel metal by next year, ntly and planned to add at least another 93,500 tonnes of nickel in

NPI and ferronickel by 2024, Antam’s commerce director Aprilandi Hidayat Setia told the

Tsingshan, the biggest NPI producer in Indonesia, could add another 100,000 tonnes of nickel in NPI next year, from around 220,000 tonnes currently, a source with direct knowledge said, while PT Vale Indonesia plans to add a new ferronickel smelter and expand its existing nickel

ckel projects in Indonesia on the positive outlook for the EV battery sector, despite facing challenges of disposing waste financially and

ts with combined capacity of 110,000 tonnes in nickel content and aimed to start production from end 2020, pending

PT Vale Indonesia and Sumitomo Metal Mining Co Ltd are conducting a feasibility study of a tonne battery nickel project, while Indonesia’s Harita Group and China’s Ningbo

t may rise, but return to 2014 peak level

nickel miners are likely to ramp up ore output by next year, but their

production capacity is limited by a number of factors, including government-curbs, the head of the local industry lobby group said on Wednesday.

IMA-Daily Update

The Southeast Asian nation’s nickel ore output may rise in 2020volume is unlikely to return to the 2014 recordDante Bravo, president of the Philippine Nickel Industry Association.

The Mines and Geoscienses BureaEnvironment and Natural Resources (DENR), limits the land that miners can develop at any one time under new rules introduced in September last year to protect the environment.

“I don’t think we will return to that level because the DENR has already imposed this area limit that you can mine, and there is no new mine that’s being opened,” Bravo told reporters on the sidelines of a Philippine

“We are limited also by the weather,” said Brsecond-biggest nickel ore exporter Global Ferronickel Holdings Inc.

The mining season in the Philippines usually starts in April and ends in October.shipping operations are halted towards the end ofollowing year because of strong rains and winds in the

The Philippines was the world’s secondits output to top buyer China.

In 2020, when last year’s top producer Indonesia is due to ban its ore exports, China is expected to rely mainly on nickel ore from the Philippines, according to analysts.

Indonesia said earlier this month it will stop nickel ore exports from Jan. 1, 2020, two years earlier than initially flagged as it speeds up efforts to process more of its resources at home.

Speculation about the ban and the eventual confirmation by Indonesian authorities had fuelled a rally in nickel prices in recent weeks.

“When you have higher prices,Bravo said.

“But I won’t say it’s minimal. We’ll see,” he said about the prospective increase in Philippine ore output.

“Each mining company has its ownto optimize the use of their resources, so they have to do it carefully,” he said.

(By Enrico dela Cruz; Editing by Louise Heavens and Emelia Sithole

More miners closing the gap between planning and execution,

RPMGlobal says it is experiencing exponential growth of its advanced mine planning and

scheduling software XECUTE® and XPAC® Solutions.

on’s nickel ore output may rise in 2020 miningvolume is unlikely to return to the 2014 record-high level of about 50 million tonnes, said Dante Bravo, president of the Philippine Nickel Industry Association.

The Mines and Geoscienses Bureau (MGB), the industry watchdog under the Department of Environment and Natural Resources (DENR), limits the land that miners can develop at any one time under new rules introduced in September last year to protect the environment.

turn to that level because the DENR has already imposed this area limit that you can mine, and there is no new mine that’s being opened,” Bravo told reporters

mining conference.

“We are limited also by the weather,” said Bravo, who is also president of the Philippines’ biggest nickel ore exporter Global Ferronickel Holdings Inc.

season in the Philippines usually starts in April and ends in October.shipping operations are halted towards the end of the year until the first quarter of the following year because of strong rains and winds in the mining region.

The Philippines was the world’s second-largest producer of nickel ore in 2018, selling most of

t year’s top producer Indonesia is due to ban its ore exports, China is expected to rely mainly on nickel ore from the Philippines, according to analysts.

Indonesia said earlier this month it will stop nickel ore exports from Jan. 1, 2020, two years r than initially flagged as it speeds up efforts to process more of its resources at home.

Speculation about the ban and the eventual confirmation by Indonesian authorities had fuelled a rally in nickel prices in recent weeks.

“When you have higher prices, even lower grades can be saleable already unlike before,”

“But I won’t say it’s minimal. We’ll see,” he said about the prospective increase in Philippine

company has its own mining plans and, of course, they would wantto optimize the use of their resources, so they have to do it carefully,” he said.

(By Enrico dela Cruz; Editing by Louise Heavens and Emelia Sithole-Matarise)

More miners closing the gap between planning and execution, RPMGlobal says

Posted by Daniel Gleeson

says it is experiencing exponential growth of its advanced mine planning and

scheduling software XECUTE® and XPAC® Solutions.

Page 21

mining season, but the high level of about 50 million tonnes, said

u (MGB), the industry watchdog under the Department of Environment and Natural Resources (DENR), limits the land that miners can develop at any one time under new rules introduced in September last year to protect the environment.

turn to that level because the DENR has already imposed this area limit that you can mine, and there is no new mine that’s being opened,” Bravo told reporters

avo, who is also president of the Philippines’

season in the Philippines usually starts in April and ends in October. Mining and f the year until the first quarter of the

largest producer of nickel ore in 2018, selling most of

t year’s top producer Indonesia is due to ban its ore exports, China is expected to rely mainly on nickel ore from the Philippines, according to analysts.

Indonesia said earlier this month it will stop nickel ore exports from Jan. 1, 2020, two years r than initially flagged as it speeds up efforts to process more of its resources at home.

Speculation about the ban and the eventual confirmation by Indonesian authorities had

even lower grades can be saleable already unlike before,”

“But I won’t say it’s minimal. We’ll see,” he said about the prospective increase in Philippine

plans and, of course, they would want at this time to optimize the use of their resources, so they have to do it carefully,” he said.

More miners closing the gap between planning and execution,

says it is experiencing exponential growth of its advanced mine planning and

IMA-Daily Update

The 2019 financial year has seen a significant increase in the industry’s adoption of XECUTE as more miners begin to reap the benefits of closing the gap between planning and execution, according to RPM.

Over recent months, this has seen the company add several new XECUTE customers in what has been the fastest uptake of a new solution RPM has experihas been across a range of commodities (oil sands, coal, copper, iron ore and gold).

The software is already used extensively around the world across various commodities and mining methods, with the significant growth in their innovative nature and the fact more organisations are starting to realise the “power connected solutions can deliver to their planning functions”, the company said.

XECUTE is RPM’s short-term scheduling sovalue by using intelligent integration to connect planning with operations. It uses a highly visual user interface to enhance communication between mining specialists, according to the company.

“XECUTE supports this by providing shortManagement systems. The dynamic integration then allows the solution to bring back the ‘actuals’ (from those systems) to view what work was done and compare it spatially to the shift plan,” the company said.

“XECUTE takes guidance from longer schedules ensuring that operations are always working towards the strategic goal of the longervisual compliance tool, overlying longeroperations all in one 4D environment.”

XPAC, meanwhile, is made up of preknowledge of mining engineers, automatically determines what is practically possible to achieve across one or many mining operations, according to the company. This agility gives engineers the ability to respond rapidly to the market and maximise output delivering shareholder value.

The schedules developed in the latest version of XPAC can be passed direclikewise, any changes made within XECUTE can be passed back to XPAC to update the shortterm schedule, ensuring a seamless scheduling interchange and more importantly, far easier analysis of plan compliance, RPM said.

One of the major differentiators of RPM’s scheduling tools is the Integrated Product Optimiser (PO). Product Optimiser is a mathematical algorithm that determines the optimal allocation of material to destinations through the mining supply chain.

RPM says: “Unlike other scheduling packages, PO is integrated with the schedule to find the optimal way to process, blend and stockpile products to maximise value from what is about to be mined. Mining organisations tend to have very sophisticated supply chain operations which makes it difficult to produce a specific blend at any given point.

“PO optimises the process by determining the single best solution with all of the material available at any given point in time with the goal to maximise the net present value,” the company said. It can therefore have a significant role in reducing stockpile costs by providing the ability to define the requirements of the blend before the port.

The 2019 financial year has seen a significant increase in the industry’s adoption of XECUTE more miners begin to reap the benefits of closing the gap between planning and execution,

Over recent months, this has seen the company add several new XECUTE customers in what has been the fastest uptake of a new solution RPM has experienced in many years, it said. This has been across a range of commodities (oil sands, coal, copper, iron ore and gold).

The software is already used extensively around the world across various commodities and mining methods, with the significant growth in sales of these products attributable to both their innovative nature and the fact more organisations are starting to realise the “power connected solutions can deliver to their planning functions”, the company said.

term scheduling solution to enable miners to maximise planning value by using intelligent integration to connect planning with operations. It uses a highly visual user interface to enhance communication between mining specialists, according to the

this by providing short-term work assignments to HPGPS and Fleet Management systems. The dynamic integration then allows the solution to bring back the ‘actuals’ (from those systems) to view what work was done and compare it spatially to the

“XECUTE takes guidance from longer schedules ensuring that operations are always working towards the strategic goal of the longer-term planners. Short-term planners then have a rich visual compliance tool, overlying longer-term guidance, the short-term plan and actual operations all in one 4D environment.”

XPAC, meanwhile, is made up of pre-defined logic, which, when combined with the tacit knowledge of mining engineers, automatically determines what is practically possible to

s one or many mining operations, according to the company. This agility gives engineers the ability to respond rapidly to the market and maximise output delivering

The schedules developed in the latest version of XPAC can be passed direclikewise, any changes made within XECUTE can be passed back to XPAC to update the shortterm schedule, ensuring a seamless scheduling interchange and more importantly, far easier analysis of plan compliance, RPM said.

fferentiators of RPM’s scheduling tools is the Integrated Product Optimiser (PO). Product Optimiser is a mathematical algorithm that determines the optimal allocation of material to destinations through the mining supply chain.

duling packages, PO is integrated with the schedule to find the optimal way to process, blend and stockpile products to maximise value from what is about to be mined. Mining organisations tend to have very sophisticated supply chain operations

it difficult to produce a specific blend at any given point.

“PO optimises the process by determining the single best solution with all of the material available at any given point in time with the goal to maximise the net present value,” the

It can therefore have a significant role in reducing stockpile costs by providing the ability to define the requirements of the blend before the port.

Page 22

The 2019 financial year has seen a significant increase in the industry’s adoption of XECUTE more miners begin to reap the benefits of closing the gap between planning and execution,

Over recent months, this has seen the company add several new XECUTE customers in what enced in many years, it said. This

has been across a range of commodities (oil sands, coal, copper, iron ore and gold).

The software is already used extensively around the world across various commodities and sales of these products attributable to both

their innovative nature and the fact more organisations are starting to realise the “power connected solutions can deliver to their planning functions”, the company said.

lution to enable miners to maximise planning value by using intelligent integration to connect planning with operations. It uses a highly visual user interface to enhance communication between mining specialists, according to the

term work assignments to HPGPS and Fleet Management systems. The dynamic integration then allows the solution to bring back the ‘actuals’ (from those systems) to view what work was done and compare it spatially to the

“XECUTE takes guidance from longer schedules ensuring that operations are always working term planners then have a rich

term plan and actual

defined logic, which, when combined with the tacit knowledge of mining engineers, automatically determines what is practically possible to

s one or many mining operations, according to the company. This agility gives engineers the ability to respond rapidly to the market and maximise output delivering

The schedules developed in the latest version of XPAC can be passed directly to XECUTE and, likewise, any changes made within XECUTE can be passed back to XPAC to update the short-term schedule, ensuring a seamless scheduling interchange and more importantly, far easier

fferentiators of RPM’s scheduling tools is the Integrated Product Optimiser (PO). Product Optimiser is a mathematical algorithm that determines the optimal allocation

duling packages, PO is integrated with the schedule to find the optimal way to process, blend and stockpile products to maximise value from what is about to be mined. Mining organisations tend to have very sophisticated supply chain operations

“PO optimises the process by determining the single best solution with all of the material available at any given point in time with the goal to maximise the net present value,” the

It can therefore have a significant role in reducing stockpile costs by providing

IMA-Daily Update

XECUTE has, as its foundation, RPM’s Enterprise Planning Framework™, with enterprise data

feeds providing planners with the most up

pushed to downstream systems.

RPM CEO, Richard Mathews, said: “The mining industry is focused on plan compliance and

driving more predictability into their planning processes. Not on

available to them but because predictable operations are also safer ones.

“To create XECUTE, we listened to the market, worked with key players and delivered a

solution that can align horizons, optimise the plan with the supp

planning/maintenance and production as well as delivering a visually rich compliance tool.

“As we move increasingly toward autonomy, solutions such as XECUTE are vital. With more

automation comes less human intervention, with better d

better execution and with better execution better outcomes are realised.”

He concluded: “The investment we have made into enterprise integration over the last seven

years is really paying dividends to both RPM and the i

The largest cobalt deposit in Finland

THE RECRUITMENTS for Terrafame's battery chemicals plant will begin soon. The factory

needs 120-150 employees. Upon completion, the plant will be one of the largest

manufacturers of battery chemicals in the world.

Terrafame Oy will soon start recruiting employees for the

construction in Sotkamo. The trial run of the mill is scheduled to start at the end of next year

and actual production will begin in 2021.

- We will need 120-150 employees. I believe we will find talent for different tasks, say

Kristian Granit, who starts as the head of a battery chemicals factory in early October.

The Sotkamo mine has the largest cobalt deposit in the country. Upon completion, the plant

will be one of the largest manufacturers of battery chemicals in the world

"Already, our product is being processed into cobalt for battery use, but at present, it is being

made by others than us," Granit says.

The mill's environmental permit is still being processed. According to Granit, negotiations

with the prospective buyer, the cobalt processor, will begin as production begins to approach.

"Whether it's one customer or many, it remains to be seen," Granit says.

XECUTE has, as its foundation, RPM’s Enterprise Planning Framework™, with enterprise data

g planners with the most up-to-date scheduling inputs to be automatically

pushed to downstream systems.

RPM CEO, Richard Mathews, said: “The mining industry is focused on plan compliance and

driving more predictability into their planning processes. Not only because of the cost savings

available to them but because predictable operations are also safer ones.

“To create XECUTE, we listened to the market, worked with key players and delivered a

solution that can align horizons, optimise the plan with the supply chain, and connect

planning/maintenance and production as well as delivering a visually rich compliance tool.

“As we move increasingly toward autonomy, solutions such as XECUTE are vital. With more

automation comes less human intervention, with better data collection and integration comes

better execution and with better execution better outcomes are realised.”

He concluded: “The investment we have made into enterprise integration over the last seven

years is really paying dividends to both RPM and the industry.”♦

The largest cobalt deposit in Finland is looking for workersPublished by Markku Björkman

for Terrafame's battery chemicals plant will begin soon. The factory

150 employees. Upon completion, the plant will be one of the largest

manufacturers of battery chemicals in the world.

Terrafame Oy will soon start recruiting employees for the battery chemical plant under

construction in Sotkamo. The trial run of the mill is scheduled to start at the end of next year

and actual production will begin in 2021.

150 employees. I believe we will find talent for different tasks, say

Kristian Granit, who starts as the head of a battery chemicals factory in early October.

The Sotkamo mine has the largest cobalt deposit in the country. Upon completion, the plant

will be one of the largest manufacturers of battery chemicals in the world

"Already, our product is being processed into cobalt for battery use, but at present, it is being

made by others than us," Granit says.

The mill's environmental permit is still being processed. According to Granit, negotiations

, the cobalt processor, will begin as production begins to approach.

"Whether it's one customer or many, it remains to be seen," Granit says.♦

Page 23

XECUTE has, as its foundation, RPM’s Enterprise Planning Framework™, with enterprise data

date scheduling inputs to be automatically

RPM CEO, Richard Mathews, said: “The mining industry is focused on plan compliance and

ly because of the cost savings

“To create XECUTE, we listened to the market, worked with key players and delivered a

ly chain, and connect

planning/maintenance and production as well as delivering a visually rich compliance tool.

“As we move increasingly toward autonomy, solutions such as XECUTE are vital. With more

ata collection and integration comes

better execution and with better execution better outcomes are realised.”

He concluded: “The investment we have made into enterprise integration over the last seven

is looking for workers

for Terrafame's battery chemicals plant will begin soon. The factory

150 employees. Upon completion, the plant will be one of the largest

battery chemical plant under

construction in Sotkamo. The trial run of the mill is scheduled to start at the end of next year

150 employees. I believe we will find talent for different tasks, says

Kristian Granit, who starts as the head of a battery chemicals factory in early October.

The Sotkamo mine has the largest cobalt deposit in the country. Upon completion, the plant

will be one of the largest manufacturers of battery chemicals in the world.

"Already, our product is being processed into cobalt for battery use, but at present, it is being

The mill's environmental permit is still being processed. According to Granit, negotiations

, the cobalt processor, will begin as production begins to approach.

♦

IMA-Daily Update

Philippine regulator recommends lifting suspension on nickel miner

THE PHILIPPINES' mining watchdog has recommended lifting the suspension of a small

sized nickel miner, one of several ore producers ordered in 2016 to halt operations in an industry-wide crackdown, a senior government offi

The Mines and Geosciences Bureau (MGB) recommended that Zambales Diversified Metals Corp - one of two nickel subsidiaries of DMCI Mining Corp operations, Environment Undersecretary

The Department of Environment and Natural Resources (DENR) lifted the suspension order on DMCI Mining's other nickel subsidiary, Berong Nickel Corp, in November last year.

The Philippines was the world's secondits output to top buyer China. In 2020, when last year's top producer Indonesia is due to ban its ore exports, China is expected to rely mainly on nickel ore from the Philippines, according to analysts.

DMCI Mining, a unit of DMCI Holdings Inc, hadtough year, with one of its two mines still suspended and its inventory almost depleted.

The Berong and Zambales mines, two of more than 30 nickel ore producers in the Philippines, in recent years accounted for used in stainless steel and electric vehicle batteries.

Teh said the DENR has also lifted the suspension order against Carrascal Nickel Corp, but five other suspended mines - mostly nickel ore prequirements that would allow them to operate.

Teh, speaking at a Philippine mining conference, said the MGB has also recommended lifting a suspension order issued against iron ore miner Strong Built Mining Deve

Philippine nickel ore production rose 3% in the first half of 2019, but output was capped as half of the country's nickel mines were closed for maintenance or environmental reasons.

In 2016, the DENR, then headed by a staunch anti

shut in a crackdown on miners as part of a push to ramp up environmental protection.

Kutcho Copper shares jump 16% on improved met test results

KUTCHO Copper Corp. (TSXV: KC) announced on Wednesday results of ongoing

metallurgical testing on its Kutcho copperof the work completed or underway designed to support a feasibility study for the project.

Philippine regulator recommends lifting suspension on nickel minerBy: Reuters

mining watchdog has recommended lifting the suspension of a small

sized nickel miner, one of several ore producers ordered in 2016 to halt operations in an wide crackdown, a senior government official said on Wednesday.

The Mines and Geosciences Bureau (MGB) recommended that Zambales Diversified Metals one of two nickel subsidiaries of DMCI Mining Corp - be allowed to resume mining

operations, Environment Undersecretary Analiza Teh said.

Department of Environment and Natural Resources (DENR) lifted the suspension order on DMCI Mining's other nickel subsidiary, Berong Nickel Corp, in November last year.

The Philippines was the world's second-largest producer of nickel ore in 2018, selling its output to top buyer China. In 2020, when last year's top producer Indonesia is due to ban its ore exports, China is expected to rely mainly on nickel ore from the Philippines, according

DMCI Mining, a unit of DMCI Holdings Inc, had said in March that it expected 2019 to be a tough year, with one of its two mines still suspended and its inventory almost depleted.

The Berong and Zambales mines, two of more than 30 nickel ore producers in the Philippines, in recent years accounted for less than 5% of the nation's output of the material, which is used in stainless steel and electric vehicle batteries.

Teh said the DENR has also lifted the suspension order against Carrascal Nickel Corp, but five mostly nickel ore producers - have yet to comply fully with the

requirements that would allow them to operate.

Teh, speaking at a Philippine mining conference, said the MGB has also recommended lifting a suspension order issued against iron ore miner Strong Built Mining Development Corp.

Philippine nickel ore production rose 3% in the first half of 2019, but output was capped as half of the country's nickel mines were closed for maintenance or environmental reasons.

In 2016, the DENR, then headed by a staunch anti-mining advocate, ordered several mines

shut in a crackdown on miners as part of a push to ramp up environmental protection.

Kutcho Copper shares jump 16% on improved met test resultsJackson Chen

Copper Corp. (TSXV: KC) announced on Wednesday results of ongoing

on its Kutcho copper-zinc in British Columbia. The test program is part of the work completed or underway designed to support a feasibility study for the project.

Page 24

Philippine regulator recommends lifting suspension on nickel miner

mining watchdog has recommended lifting the suspension of a small-

sized nickel miner, one of several ore producers ordered in 2016 to halt operations in an cial said on Wednesday.

The Mines and Geosciences Bureau (MGB) recommended that Zambales Diversified Metals be allowed to resume mining

Department of Environment and Natural Resources (DENR) lifted the suspension order on DMCI Mining's other nickel subsidiary, Berong Nickel Corp, in November last year.

largest producer of nickel ore in 2018, selling most of its output to top buyer China. In 2020, when last year's top producer Indonesia is due to ban its ore exports, China is expected to rely mainly on nickel ore from the Philippines, according

said in March that it expected 2019 to be a tough year, with one of its two mines still suspended and its inventory almost depleted.

The Berong and Zambales mines, two of more than 30 nickel ore producers in the Philippines, less than 5% of the nation's output of the material, which is

Teh said the DENR has also lifted the suspension order against Carrascal Nickel Corp, but five have yet to comply fully with the

Teh, speaking at a Philippine mining conference, said the MGB has also recommended lifting a lopment Corp.

Philippine nickel ore production rose 3% in the first half of 2019, but output was capped as half of the country's nickel mines were closed for maintenance or environmental reasons.

cate, ordered several mines

shut in a crackdown on miners as part of a push to ramp up environmental protection.♦

Kutcho Copper shares jump 16% on improved met test results

Copper Corp. (TSXV: KC) announced on Wednesday results of ongoing

zinc in British Columbia. The test program is part of the work completed or underway designed to support a feasibility study for the project.

IMA-Daily Update

Recoveries of copper and zinc from concentrate have improved significantly over the prefeasibility study (PFS) released in 2017.

Shares of Kutcho Copper jumped by 16% to a threeresults. The company’s market capitalization stands

The Kutcho property, located about 100 km east of Dease Lake in the Liard mining division of northern BC, consists of one mining lease and 46 mineral exploration claims covering an area of approximately 17,060 hectares.

Earlier in May, the company secured a C$2 million financing, backed by major shareholders including Wheaton Precious Metals Corp. and Capstone Mining Corp., to develop the project.

According to the 2017 PFS, the Kutcho project has an estimated 12tpd production rate – for a total life

473 million lbs zinc.♦

globalCOAL to add premium low vol met coal

Author:

GLOBALCOAL announced Wednesday morning the launch of premium low

coal (HCCLV) on its broking screen, effective October 9, 2019.

The initial coal brands under HCCLV will be BMA's Saraji and Peak Downs, to be traded either

as a single-named brand or deliverable at seller's option, according to globalCOAL.

In light of this announcement, market participants had different views, according to a survey

by S&P Global Platts Wednesday.

"We're yet to understand more about this change on the screen, but it

interesting move that could potentially add liquidity to Peak Downs and Saraji outlets," said an Australia-based trader.

There were, however, some conservative views in the market. "This does not look like [something designed] for India. Saraj

mills," said an Indian trader.

According to the Platts spot trade data, there were only 11 deals of Saraji or Peak Downs observed concluded on an FOB basis for 2019 so far. This compares to a total of

deals observed in the spot market, the majority of which were premium mid

coals.

"The fact that PLVs like Saraji and Peak Downs has been more of a Chinacould mean little demand for such type of coals on the screen,

Recoveries of copper and zinc from concentrate — up to 92.3% and 84.2% respectively have improved significantly over the prefeasibility study (PFS) released in 2017.

Shares of Kutcho Copper jumped by 16% to a three-month high of C$0.23 on the new test results. The company’s market capitalization stands at C$15 million.

The Kutcho property, located about 100 km east of Dease Lake in the Liard mining division of northern BC, consists of one mining lease and 46 mineral exploration claims covering an area of approximately 17,060 hectares.

, the company secured a C$2 million financing, backed by major shareholders including Wheaton Precious Metals Corp. and Capstone Mining Corp., to develop the project.

ing to the 2017 PFS, the Kutcho project has an estimated 12-year mine life with 2,500 for a total life-of-mine payable production of 378 million lbs copper and

globalCOAL to add premium low vol met coal brands to its broking screen

Author: Jeffery Lu, Editor: Shashwat Pradhan

announced Wednesday morning the launch of premium low

coal (HCCLV) on its broking screen, effective October 9, 2019.

The initial coal brands under HCCLV will be BMA's Saraji and Peak Downs, to be traded either

or deliverable at seller's option, according to globalCOAL.

In light of this announcement, market participants had different views, according to a survey

by S&P Global Platts Wednesday.

"We're yet to understand more about this change on the screen, but it

interesting move that could potentially add liquidity to Peak Downs and Saraji outlets," said

There were, however, some conservative views in the market. "This does not look like [something designed] for India. Saraji or Peak Downs are not a preferred product for Indian

According to the Platts spot trade data, there were only 11 deals of Saraji or Peak Downs observed concluded on an FOB basis for 2019 so far. This compares to a total of

deals observed in the spot market, the majority of which were premium mid

"The fact that PLVs like Saraji and Peak Downs has been more of a Chinacould mean little demand for such type of coals on the screen," said an international trader.

Page 25

p to 92.3% and 84.2% respectively — have improved significantly over the prefeasibility study (PFS) released in 2017.

month high of C$0.23 on the new test

The Kutcho property, located about 100 km east of Dease Lake in the Liard mining division of northern BC, consists of one mining lease and 46 mineral exploration claims covering an area

, the company secured a C$2 million financing, backed by major shareholders including Wheaton Precious Metals Corp. and Capstone Mining Corp., to develop the project.

year mine life with 2,500 mine payable production of 378 million lbs copper and

brands to its broking

announced Wednesday morning the launch of premium low-vol metallurgical

The initial coal brands under HCCLV will be BMA's Saraji and Peak Downs, to be traded either

or deliverable at seller's option, according to globalCOAL.

In light of this announcement, market participants had different views, according to a survey

"We're yet to understand more about this change on the screen, but it should be an

interesting move that could potentially add liquidity to Peak Downs and Saraji outlets," said

There were, however, some conservative views in the market. "This does not look like i or Peak Downs are not a preferred product for Indian

According to the Platts spot trade data, there were only 11 deals of Saraji or Peak Downs observed concluded on an FOB basis for 2019 so far. This compares to a total of 113 FOB

deals observed in the spot market, the majority of which were premium mid-vol hard coking

"The fact that PLVs like Saraji and Peak Downs has been more of a China-dominant product " said an international trader.

IMA-Daily Update

Prior to this announcement of HCCLV, all met coal trading on globalCOAL was for premium mid-vol products (HCCA), including Illawarra, Goonyella, Moranbah North, Oaky Creek, North Goonyella and others.

"Despite all the initial assumptions, at this stage I'm looking forward to it because it will help us understand the demand for PLV a bit better and the spread between PMV and PLV," an international trader told Platts.

globalCOAL also applies changes to its Standard Coal Trad

Prior to this announcement of HCCLV, all met coal trading on globalCOAL was for premium vol products (HCCA), including Illawarra, Goonyella, Moranbah North, Oaky Creek, North

l assumptions, at this stage I'm looking forward to it because it will help us understand the demand for PLV a bit better and the spread between PMV and PLV," an international trader told Platts.

globalCOAL also applies changes to its Standard Coal Trading Agreement (SCoTA) contract.

Page 26

Prior to this announcement of HCCLV, all met coal trading on globalCOAL was for premium vol products (HCCA), including Illawarra, Goonyella, Moranbah North, Oaky Creek, North

l assumptions, at this stage I'm looking forward to it because it will help us understand the demand for PLV a bit better and the spread between PMV and PLV," an

Agreement (SCoTA) contract.♦