Daily News Update Page 1

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This is the realization of production and sales of Indonesian mineral commodities last year Ini realisasi produksi dan penjualan komoditas mineral Indonesia tahun lalu Antam (ANTM) Sets Aggressive Targets for Production and Sales in 2021 Antam (ANTM) Pasang Target Agresif untuk Produksi dan Penjualan pada 2021 These are the Government's Eight Strategies to Manage Mining Activities Ini Delapan Strategi Pemerintah Kelola Kegiatan Tambang Freeport Seeks Partners to Use the Remaining Sand from the Mine Freeport Cari Partner untuk Manfaatkan Pasir Sisa Tambang China Coal Prices Drop, Australian Coal is also Sloping Harga Batu Bara China Drop, Batu Bara Australia pun Melandai Check out the production plans for ANTM, TINS, and PTBA this year Simak rencana produksi ANTM, TINS, dan PTBA tahun ini MIND ID boss proposes special incentives for low grade nickel Bos MIND ID Usul Insentif Khusus untuk Nikel Kadar Rendah Timah Spends Rp 10.26 Billion for Exploration in January Timah Habiskan Rp 10,26 Miliar untuk Eksplorasi pada Januari Ministry of ESDM Launches Mineral and Coal Policy Document Kementerian ESDM Luncurkan Dokumen Kebijakan Mineral dan Batubara Being a mainstay commodity, this is how Indonesia dominates the world's nickel and bauxite Jadi komoditas andalan, begini dominasi Indonesia pada nikel dan bauksit dunia

Kontan Bisnis Dunia Energi Okezone CNBC Indonesia Kontan Bisnis Republika Liputan6 Kontan

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Coal Price Rises to US$ 80/Ton, What Is This Sign? Harga Batu Bara Bangkit Jadi US$80/Ton, Tanda Apa Ini? Nickel price: Indonesia confirms Tesla talks Metso Outotec establishes new training program for field service technicians Newcrest to pursue growth beyond Tier 1 assets Tin production to rebound in 2021, says Fitch Solutions Redpath completes largest raisebore by volume in the Americas at Niobec niobium mine in Quebec Mitsubishi Materials completes Chile's Mantoverde copper stake deal Global copper production declines 2% in 2020 - report RANKED: World’s top 10 copper projects

CNBC Indonesia Mining.com Int'l Mining Australian Mining Mining Weekly Int'l Mining Reuters Kitco News Mining.com

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Daily News Update Page 3

This is the realization of production and sales of

Indonesian mineral commodities last year

Reporter: Ridwan Nanda Mulyana | Editor: Handoyo

THE COVID-19 pandemic has also affected the level of production and sales of Indonesian mineral commodities through-out 2020. Moreover, mineral production and sales are also influenced by market factors (demand) and movements in global commodity prices.

ESDM Ministry's Mineral Development and Business Director Sugeng Mujiyanto revealed that from the production side, most of the mineral realization was below the target. On the contrary, most commodities exceeded the target on the sales side.

In detail, last year's copper production reached 268,600 tons, or only 92 percent of the target. Then gold production was recorded at 66.2 tons or 93% of the target. For silver, production realization in 2020 was recorded at 338.1 tonnes or 99% of the target. Tin production is more than the target, namely 52,600 tons or only 75% of the target.

The realization that exceeded the target came from refined nickel production which amounted to 2,316,500 million tons or 120% of the target. Which consists of 1,462,300 tonnes of Ferronickel and 860,500 tonnes of Nickel Pig Iron.

Meanwhile, nickel matte production was 91,700 tons or 127 percent of the target. "Looking at the data above,...

Ini realisasi produksi dan penjualan komoditas mineral

Indonesia tahun lalu Reporter: Ridwan Nanda Mulyana | Editor:

Handoyo

PANDEMI Covid-19 ikut mempengaruhi

tingkat produksi dan penjualan komoditas

mineral Indonesia sepanjang tahun 2020. Apalagi, produksi dan penjualan mineral

juga dipengaruhi oleh faktor pasar (demand) serta pergerakan harga komo-

ditas global.

Direktur Pembinaan dan Pengusahaan Mineral Kementerian ESDM Sugeng

Mujiyanto membeberkan bahwa dari sisi produksi, sebagian besar mineral reali-

sasinya di bawah target. Namun sebalik-nya, sebagian besar komoditas melebihi

target pada sisi penjualan.

Rincinya, pada tahun lalu realisasi produksi tembaga sebesar 268.600 ton

atau hanya mencapai 92% dari target. Lalu produksi emas tercatat 66,2 ton atau 93%

dari target. Untuk perak realisasi produksi di 2020 tercatat 338,1 ton atau 99% dari

target. Produksi timah lebih di bawah target, yakni 52 .600 ton atau hanya

memenuhi 75% dari target.

Realiasi yang melampaui target berasal

dari produksi olahan nikel yang sebanyak 2.316.500 juta ton atau 120% dari target.

Yang terdiri dari Feronikel 1.462.300 ton dan Nickel Pig Iron sebanyak 860.500 ton.

Sedangkan produksi nikel matte sebanyak

91.700 ton atau 127% dari target. "Looking at the data above,...

Daily News Update Page 4

"Looking at the data above, the presence of Covid has an impact on mineral production in 2020, that most of the production is below the target, except for nickel processing which has actually increased," Sugeng said when contacted by Kontan.co.id, Sunday (14/2).

In terms of sales, last year's sales of copper were 264,600 tons, or 132 percent of the target. For gold commodities, sales were recorded at 81.4 tonnes or 215% of the target. Then silver, sales realization was 343 tons or 188% of the target.

The realization of sales that exceeded the target also occurred in refined nickel with 2,184,000 tons or 107% of the target. Sales performance that was below the target were tin, which recorded 68,200 tonnes or 93% of the target, and nickel matte, which was 71,500 tonnes or 98% of the target.

"Sales for several commodities have increased, except for tin and nickel matte products which did not reach the target," said Sugeng.

Of that amount, domestic sales for copper were 66,700 tons. For gold as much as 37.1 tons and silver 79.4 tons. Then, 2,900 tons of tin, 337,000 tons of ferronickel and 411,000 tons of nickel pig iron.

Ore Production and Sales

Then for the realization of production and sales of raw minerals in the form of ore, Sugeng explained that for nickel ore, the actual production was recorded at 48 million tons. Meanwhile, sales of 43.5 million tons of ore.

He emphasized that according to the regulations, nickel ore exports last year had been closed, so that all sales were absorbed by the domestic market. "All nickel ore production since 2020 is required to be sold domestically, not to be exported," said Sugeng.

"Memperhatikan data di atas, dengan adanya covid berdampak terhadap produksi mineral 2020 bahwa sebagian besar produksi di bawah target kecuali olah nikel yang justru mengalami kenaikan," ungkap Sugeng saat dihubungi Kontan.co.id, Minggu (14/2).

Dari sisi penjualan, pada tahun lalu pen-jualan komoditas tembaga sebanyak 264.600 ton atau 132% dari target. Untuk komoditas emas, penjualan tercatat 81,4 ton atau 215% dari target. Lalu perak, realisasi penjualan sebesar 343 ton atau 188% dari target.

Realisasi penjualan yang melebihi target juga terjadi pada olahan nikel dengan 2.184.000 ton atau 107% dari target. Kinerja penjualan yang di bawah target adalah timah yang tercatat sebanyak 68.200 ton atau 93% dari target, serta nikel matte sebanyak 71.500 ton atau 98% dari target.

"Penjualan untuk beberapa komoditas mengalami kenaikan, kecuali produk timah dan nikel matte yang tidak mencapai target," ungkap Sugeng.

Dari jumlah itu, penjualan di dalam negeri untuk komoditas tembaga sebanyak 66.700 ton. Untuk emas sebanyak 37,1 ton, dan perak 79,4 ton. Lalu, timah sebanyak 2.900 ton, feronikel 337.000 ton dan nickel pig iron sebanyak 411.000 ton.

Produksi dan Penjualan Bijih

Lalu untuk realisasi produksi dan penjualan mineral mentah dalam bentuk bijih (ore), Sugeng membeberkan bahwa untuk bijih nikel realisasi produksi tercatat sebanyak 48 juta ton. Sedangkan penjualannya sebesar 43,5 juta ton bijih.

Dia menegaskan, sesuai aturan, ekspor bijih nikel pada tahun lalu sudah ditutup, sehingga seluruh penjualan diserap oleh pasar domestik. "Semua produksi bijih nikel sejak 2020 diharuskan dijual di dalam negeri, tidak boleh di ekspor," tegas Sugeng.

Daily News Update Page 5

Then for bauxite ore, the realization of production in 2020 was 25.9 million tons. Meanwhile, the sales amounted to 24.5 million tons. "The number of actual production and sales has increased by more than 100% of the 2020 target," concluded Sugeng.

For information, after the export of nickel ore is prohibited by the government through the Ministerial Regulation (Permen) ESDM No. 11 of 2019, there are still two main mineral commodities that are still allowed to export. Namely, washed bauxite with a content of 42% or more, as well as the residue from refining of copper metal mineral mining com modities including anode sludge as a by-product and concentrate.

The export recommendation for the two commodities has been extended from 11 January 2022 to 10 June 2023 as stipulated in the Minister of Energy and Mineral Resources Regulation Number 17 of 2020. This refers to the provisions of Law Number 3 of 2020 aka the Minerals and Coal (Minerba) Law.

In Article 170 A of the Minerba Law, the export of certain metal mineral products that have not been refined is given a maximum time limit of three years since Law No.3 / 2020 is promulgated. Mean-while, the Minerba Law itself was passed and promulgated by President Joko Widodo on June 10, 2020.

In the annual presentation of the Directorate General of Mineral and Coal at the Ministry of ESDM last Friday (15/1), Yunus Saefulhak, who at that time served as Director of Mineral Development and Business, emphasized that the government is committed to obeying Law Number 3/2020 Article 170 A, which states that after 3 years The Minerba Law was issued, so all minerals must be refined in the country.

Lalu untuk bijih bauksit, realisasi produksi tahun 2020 sebanyak 25,9 juta ton. Sedangkan untuk penjualannya sebanyak 24,5 juta ton. "Jumlah realisasi produksi dan penjualan ini cukup meningkat di atas 100% dari target 2020," pungkas Sugeng.

Sebagai informasi, setelah ekspor bijih nikel dilarang oleh pemerintah melalui Peraturan Menteri (Permen) ESDM No. 11 Tahun 2019, masih ada dua komoditas mineral utama yang masih diperbolehkan ekspor. Yakni bauksit yang dicuci (washed bauxite) kadar 42% atau lebih, serta sisa hasil pemurnian komoditas tambang mineral logam tembaga termasuk lumpur anoda sebagai produk samping dan konsentrat.

Rekomendasi ekspor untuk kedua komo-ditas tersebut sudah diperpanjang dari semula 11 Januari 2022 menjadi 10 Juni 2023 sebagaimana diatur dalam Permen ESDM Nomor 17 Tahun 2020. Hal itu merujuk pada ketentuan Undang-Undang Nomor 3 Tahun 2020 alias UU Mineral dan batubara (Minerba).

Dalam Pasal 170 A UU Minerba, pem-berlakuan ekspor produk mineral logam tertentu yang belum dimurnikan diberi batas waktu paling lama tiga tahun sejak UU No.3/2020 itu diundangkan. Adapun, UU Minerba sendiri disahkan dan di-undangkan oleh Presiden Joko Widodo pada 10 Juni 2020.

Dalam paparan tahunan Direktorat Jenderal Minerba Kementerian ESDM Jum'at (15/1) lalu, Yunus Saefulhak yang kala itu menjabat sebagai Direktur Pem-binaan dan Pengusahaan Mineral menegas-kan bahwa pemerintah berkomitmen untuk menaati UU Nomor 3/2020 Pasal 170 A, yang menyatakan setelah 3 tahun UU Minerba itu terbit, maka semua mineral harus dimurnikan di dalam negeri.

Daily News Update Page 6

"This means that after 2023, 3 years due in

June 2023, there will be no more exports in

the form of unrefined ore," said Yunus.

"Artinya after tahun 2023, jatuh tempo 3 tahun di Juni 2023, maka tidak ada lagi ekspor dalam bentuk bijih atau ore yang belum dimurnikan," pungkas Yunus.

Antam (ANTM) Sets Aggressive Targets for Production and Sales

in 2021 Finna U. Ulfah

MINERAL mining issuer, PT Aneka

Tambang Tbk., Targets production and sales performance growth for nickel commodities of more than 50 percent by 2021.

SVP Corporate Secretary Aneka Tambang Kunto Hendrapawoko said that the company is targeting nickel ore production volume in 2021 to be 8.44 million wet metric tons (wmt). That number is up 77 percent compared to the achievement of unaudited nickel ore production in 2020 which was only 4.76 million wmt.

Kunto explained that the increase in nickel ore production will be used as raw material for the company's ferronickel plant and support sales to domestic customers.

In addition, the issuer coded ANTM shares

also targets nickel ore sales in 2021 to increase 104 percent to 6.71 million wmt.

In 2020, ANTM's unaudited nickel ore sales only reached 3.3 million wmt.

"The increase in the sales target is also in

line with the outlook for the growth of the nickel processing industry in the country,"

said Kunto as quoted from his official statement on Sunday (14/2/2021).

Antam (ANTM) Pasang Target Agresif untuk Produksi dan

Penjualan pada 2021 Finna U. Ulfah

EMITEN pertambangan mineral, PT Aneka

Tambang Tbk., menargetkan pertumbuhan kinerja produksi dan penjualan untuk komoditas nikel lebih dari 50 persen pada 2021.

SVP Corporate Secretary Aneka Tambang Kunto Hendrapawoko mengatakan bahwa perseroan menargetkan volume produksi bijih nikel pada 2021 sebesar 8,44 juta wet metric ton (wmt). Jumlah itu naik 77 persen dibandingkan dengan capaian produksi bijih nikel unaudited 2020 yang hanya sebesar 4,76 juta wmt.

Kunto menjelaskan bahwa peningkatan produksi bijih nikel tersebut akan diguna-kan sebagai bahan baku pabrik feronikel perseroan dan mendukung penjualan kepada pelanggan domestik.

Selain itu, emiten berkode saham ANTM itu juga menargetkan penjualan bijih nikel 2021 naik 104 persen menjadi 6,71 juta wmt. Pada 2020, penjualan bijih nikel unaudited ANTM hanya mencapai 3,3 juta wmt.

“Peningkatan target penjualan itu juga seiring dengan outlook pertumbuhan industri pengolahan nikel di dalam negeri,” ujar Kunto seperti dikutip dari keterangan resminya, Minggu (14/2/2021).

Daily News Update Page 7

Meanwhile, the target volume for ferro-nickel production and sales in 2021 is relatively stable, namely, amounting to 26,000 tons of nickel in ferronickel (TNi). The target is not much different from the 2020 achievement, namely unaudited production of 25,970 TNi and unaudited sales of 26,163 TNi.

Kunto explained that the target was adjusted to the steps to optimize the production of the company's ferronickel factory in Pomalaa, Southeast Sulawesi.

Meanwhile, this aggressive target also applies to the bauxite ore commodity. Production in 2021 is targeted to grow 93 percent to 3 million wmt from the 2020 achievement of 1.55 million wmt.

Sales of bauxite ore increased 122 percent to 2.73 million wmt in 2021, much higher than the realization of 2020 sales of 1.23 million wmt. The increase in production and sales is to meet customer demand and as a means of producing alumina.

On the other hand, the company's gold production and sales targets are not as aggressive as other commodities. ANTM targets to produce 1.37 tons of gold in 2021 from the Pongkor and Cibaliung gold mines, with gold sales reaching 18 tons of gold.

The target is lower than the achievement of gold production and sales last year. Throughout 2020 ANTM recorded unaudited gold production volume of 1,672 kilograms or the equivalent of 1.67 tonnes, while gold sales volume reached 21,797 kilograms or 21.7 tonnes.

Apart from that, ANTM explained that this year the company will focus on developing the precious metal business in the domestic market in line with the increasing demand and public awareness for gold investment.

Sementara itu , untuk target volume produksi dan penjualan feronikel 2021 relatif stabil yaitu, sebesar 26.000 ton nikel dalam feronikel (TNi). Target itu tidak jauh berbeda dengan capaian 2020 yaitu produksi unaudited sebesar 25.970 TNi dan penjualan unaudited sebesar 26.163 TNi.

Kunto menjelaskan target itu disesuaikan dengan langkah optimalisasi produksi pabrik feronikel perseroan di Pomalaa, Sulawesi Tenggara.

Adapun, target agresif itu juga berlaku untuk komoditas bijih bauksit. Produksi 2021 ditargetkan tumbuh 93 persen menjadi 3 juta wmt dari capaian 2020 sebesar 1,55 juta wmt.

Untuk penjualan bijih bauksit naik 122 persen menjadi 2,73 juta wmt pada 2021, jauh lebih tinggi dari realisasi penjualan 2020 sebesar 1,23 juta wmt. Peningkatan produksi dan penjualan itu untuk memenuhi permintaan pelanggan dan sebagai produksi alumina.

Di sisi lain, target produksi dan penjualan emas perseroan tidak seagresif komoditas lainnya. ANTM menargetkan produksi 2021 sebesar 1,37 ton emas yang berasal dari tambang emas Pongkor dan Cibaliung dengan tingkat penjualan emas mencapai 18 ton emas.

Target itu lebih rendah daripada capaian produksi dan penjualan emas pada tahun lalu. Sepanjang 2020 ANTM mencatatkan volume produksi emas unaudited sebesar 1.672 kilogram atau setara 1,67 ton, sedangkan volume penjualan emas men-capai 21.797 kilogram atau 21,7 ton.

Terlepas dari hal itu, ANTM menjelaskan bahwa pada tahun ini perseroan akan fokus untuk pengembangan bisnis logam mulia di pasar domestik seiring dengan meningkatnya permintaan dan kesadaran masyarakat untuk investasi emas.

Daily News Update Page 8

ANTM plans to continue to strengthen this business through product innovation and market expansion. Meanwhile, to support this target, ANTM recently launched a limited edition precious metal product for the Lunar Year of the Ox. Editor: Annisa Sulistyo Rini

ANTM berencana terus memperkuat bisnis tersebut melalui inovasi produk dan perluasan pasar. Adapun, untuk men-dukung target itu belum lama ini ANTM meluncurkan produk logam mulia edisi terbatas imlek tahun kerbau. Editor : Annisa Sulistyo Rini

These are the Government's Eight Strategies to Manage

Mining Activities Rio Indrawan

THE GOVERNMENT will prioritize good

mining activities amid the push for optimal utilization of natural resources of minerals and coal in order to pursue the expected economic growth.

Muhammad Wafid, Director of Mineral and Coal Revenue at the Ministry of Energy and Mineral Resources (ESDM), said the important role of mining in providing tangible benefits to the community's economy and sustainable national development must be accompanied by management based on good mining principles.

"Indonesia's mineral and coal policy describes a form of house where the baseline of the policy that we are managing is the balance of existing mineral and coal resources and reserves. Of course, the foundation that strengthens this house is the 1945 Constitution Article 33 paragraph 3,” said Wafid, Friday (12/2).

According to Wafid, the current develop-ment of the mining industry requires a special strategy for the government in implementing mineral and coal mining management in order to adapt to the times.

Ini Delapan Strategi Pemerintah Kelola Kegiatan Tambang

Rio Indrawan

PEMERINTAH akan memprioritaskan kegiatan penambangan yang baik di tengah dorongan untuk pemanfaatan optimal sunber daya alam mineral dan batu bara demi mengejar pertumbuhan ekonomi yang diharapkan.

Muhammad Wafid, Direktur Penerimaan Mineral dan Batu bara Kementerian Energi dan Sumber Daya Mineral (ESDM), menga-takan pentingnya peranan pertambangan dalam memberikan manfaat nyata terhadap perekonomian masyarakat dan pembangunan nasional secara berkelan-jutan harus dibarengi dengan pengelolaan berasaskan kaidah-kaidah pertambangan yang baik.

“Kebijakan minerba Indonesia menggam-barkan satu bentuk rumah dimana baseline dari kebijakan yang kita atur ini adalah neraca sumber daya dan cadangan minerba yang ada. Tentu saja, pondasi yang mem-perkuat rumah ini adalah UUD 1945 Pasal 33 ayat 3,” kata Wafid, Jumat (12/2).

Menurut Wafid, perkembangan industri pertambangan seperti sekarang membutuh-kan strategi khusus bagi pemerintah dalam mengimplementasikan pengelolaan pertam-bangan mineral dan batubara agar bisa ber-adaptasi sesuai perkembangan zaman.

Daily News Update Page 9

There are eight policy strategies in managing mining areas which are believed to be the bridge between mining activities and environmental conditions which have been the main issue as a result of mining activities.

First, a conducive investment climate in accordance with the unique characteristics of mining in order to maintain business continuity.

Second, good mining principles. Third, growth and development of the local and national economy.

"Fourth, the use and development of labor and domestic products," said Wafid.

Furthermore, the fifth strategy is the fulfil lment of domest ic needs which consists of marketing and/or sales as well as production control. Sixth, increasing added value through the development of an integrated and highly competitive national industry. Seventh, mastery and development of science and technology.

"And finally, support for the development of the recycling industry," said Wafid.

Later, these eight special strategies are expected to be the answer in ensuring the management of mineral and coal resources in a fair, transparent and accountable and sustainable manner, guaranteeing conservation principles in the effort to use minerals and ensuring legal certainty and business.

The government claims that the national mineral and coal management plan always considers the carrying capacity of human and environmental resources (according to geospatial and thematic data and infor-mation), environmental preservation, regional spatial planning or zoning, development of science and technology,...

Ada delapan strategi kebijakan dalam mengelola wilayah pertambangan yang diyakini bisa jadi jembatan antara kegiatan penambangan dengan kondisi lingkungan yang selama jadi isu utama sebsgai dampak dari kegiatan penambangan.

Pertama, iklim investasi yang kondusif sesuai dengan karateristik unik pertam-bangan demi menjaga keberlangsungan usaha. Kedua, kaidah pertambangan yang baik. Ketiga, pertumbuhan dan perkem-bangan ekonomi lokal dan nasional.

“Keempat, penggunaan dan pengembangan tenaga kerja dan produk dalam negeri,” kata Wafid.

Selanjutnya strategi kelima adalah adanya pemenuhan kebutuhan dalam negeri yang terdiri dari pemasaran dan/atau penjualan serta pengendalian produksi. Keenam, peningkatan nilai tambah melalui pengem-bangan industri nasional yang terintegrasi dan berdaya saing tingggi. Ketujuh, penguasaan dan pengembangan ilmu pengetahuan dan teknologi.

“Dan yang terakhir, dukungan terhadap pengembangan industri daur ulang,” tegas Wafid.

Nantinya, kedelapan strategi khusus ini diharapkan sebagai jawaban dalam men-jamin pengelolaan sumber daya mineral dan batubara secara adil, transparan, dan akuntabel serta berkelanjutan, menjamin prinsip-prinsip konservasi dalam upaya pemanfaatan minerba dan menjamin kepastian hukum dan berusaha.

Pemerintah mengklaim rencana penge-lolaan minerba nasional selalu memper-timbangkan daya dukung sumber daya manusia dan lingkungan (menurut data dan infomasi geospasial dan tematik), pelestarian lingkungan hidup, rencana tata ruang wilayah atau zonasi, perkembangan ilmu pengetahuan dan teknologi,...

Daily News Update Page 10

development of science and technology, priority for the provision of mining commodities, quantity and area. mining area. "Until the availability of facilities and infrastructure," said Wafid. (RI)

perkembangan ilmu pengetahuan dan teknologi, prioritas pemberian komoditas tambang, jumlah dan luas wilayah pertam-bangan. “Hingga ketersediaan sarana dan prasarana,” kata Wafid. (RI)

Freeport Seeks Partners to Use

the Remaining Sand from the Mine

Dian Ayu Anggraini, Journalist

THE MANAGEMENT of PT Freeport Indonesia opens opportunities for cooperation to util ize the remaining mining sand, which is popularly known as tailings. This is done to support the construction of road, bridge and other infrastructure.

PT Freeport Indonesia Director Claus Wamafma in Timika said that with the use of leftover sand from mining to support road infrastructure development in Papua and West Papua Provinces at this time, the remaining mining sand was no longer considered only as waste, but had economic value that could be utilized.

"We are grateful to the Deputy Minister of PUPR (John Wempi Wetipo) who consistently encourages how the remaining sand from the mine is part of an effort to accelerate the acceleration of infrastructure development in Papua. Several times we have sent to Merauke and will send again to Sorong and other places," said Claus.

He said PT Freeport has the same spirit as the government to utilize the remaining mining sand which is now deposited in the lowlands of Mimika Regency, Papua Province, in very large numbers for the purpose of encouraging development progress in Cenderawasih Earth.

Freeport Cari Partner untuk

Manfaatkan Pasir Sisa Tambang

Dian Ayu Anggraini, Jurnalis

MANAJEMEN PT Freeport Indonesia mem-buka peluang kerja sama untuk meman-faatkan pasir sisa tambang atau yang populer dikenal dengan istilah tailing. Hal ini di-lakukan guna mendukung pembangunan infrastruktur jalan, jembatan, dan lainnya.

Direktur PT Freeport Indonesia Claus Wamafma di Timika mengatakan bahwa dengan mulai digunakannya pasir sisa tambang untuk men-dukung pembangunan infrastruktur jalan di Provinsi Papua dan Papua Barat saat ini, maka pasir sisa tambang itu tidak lagi dianggap hanya sebagai sampah, namun memiliki nilai ekonomi yang bisa dimanfaatkan.

"Kami berterima kasih kepada Bapak Wakil Menteri PUPR (John Wempi Wetipo) yang secara konsisten terus mendorong bagaimana pasir sisa tambang ini menjadi bagian dari upaya mempercepat akselerasi pembangunan infrastruktur di Papua. Beberapa kali kami sudah mengirim ke Merauke dan akan dikirim lagi ke Sorong dan tempat-tempat lainnya," kata Claus.

Dia menyebut, PT Freeport memiliki spirit yang sama dengan pemerintah untuk me-manfaatkan pasir sisa tambang yang kini diendapkan di wilayah dataran rendah Kabupaten Mimika, Provinsi Papua, dalam jumlah yang sangat besar untuk kepentingan mendorong kemajuan pembangunan di Bumi Cenderawasih.

Daily News Update Page 11

He also said that all wanted Papua to be better and more advanced. To get there, we must work together. This is because the volume of sand remaining from the existing mines is quite large. (rzy)

Dia juga mengatakan bahwa semua meng-inginkan Papua lebih baik dan lebih maju. Untuk menuju ke arah sana, maka harus bekerja bersama-sama. Sebab, volume pasir sisa tambang yang ada saat ini cukup besar. (rzy)

China Coal Prices Drop, Australian Coal is also Sloping

Tirta Citradi, CNBC Indonesia

COAL prices move with high volatility

throughout 2021. The price of the coal futures contract (futures) for ICE Newcastle coal which is actively traded rose 1.07% over the past week.

On Friday (12/2/2021), the coal contract price which ended on March 26, 2021 fell 0.76% to the level of US$ 84.9/ton. In the period 8-12 February 2021, the contract price reached its highest level at US$ 86.15/ton.

The price of coal has indeed risen significantly. Especially when compared to last year. Despite the Covid-19 pandemic spreading around the world, China's coal demand is still fairly solid.

Throughout 2020, Chinese Customs data reported that China's total thermal coal imports reached 124.5 million tons, an increase of 7.9% (yoy) over the previous year.

It is noteworthy, however, that the thermal coal imported by China is a low calorie type of bituminous and sub-bituminous coal which is widely used for power generation.

Harga Batu Bara China Drop, Batu Bara Australia pun

Melandai Tirta Citradi, CNBC Indonesia

HARGA batubara bergerak dengan

volatilitas tinggi di sepanjang tahun 2021. Harga kontrak futures (berjangka) batu bara ICE Newcastle yang aktif diper-dagangkan menguat 1,07% sepanjang minggu lalu.

Pada Jumat (12/2/2021), harga kontrak batu bara yang berakhir pada 26 Maret 2021 tersebut turun 0,76% ke level US$ 84,9/ton. Pada periode 8-12 Februari 2021, harga kontrak ini mencapai level tertingginya di US$ 86,15/ton.

Harga batu bara memang sudah naik signifikan. Apalagi dibandingkan dengan tahun lalu. Kendati pandemi Covid-19 merebak di seluruh dunia, permintaan batu bara China masih terbilang solid.

Di sepanjang tahun 2020 data Bea Cukai China melaporkan total impor batu bara termal China mencapai 124,5 juta ton atau naik 7,9% (yoy) dibanding tahun sebelum-nya.

Patut dicatat, bahwa batu bara termal yang diimpor oleh China adalah jenis batu bara bituminus dan sub-bituminus yang ber-kalori rendah yang banyak digunakan untuk pembangkit listrik.

Daily News Update Page 12

The volume of Australian coal exports to China is predicted to remain low in line with the high geopolitical tensions of the two countries. This will benefit Indonesia, of course.

China imports thermal coal from Indonesia. In addition, Panda Country also imports metallurgical coal which is widely used for the steel industry from Kangaroo Country.

The significant increase in coal prices reached the level of US$ 90/ton due to tight supply from China and the impact of the relaxation of import policies. However, now the price of Qinhuangdao coal as a reference for China's thermal coal is gradually decreasing.

The difference between Australian and Chinese coal prices, which previously reached US$ 70/ton, has now returned to normal ranges. As the Chinese New Year celebrations end and winter approaches end, coal prices will tend to soften. CNBC

INDONESIA RESEARCH TEAM (twg/twg)

Volume ekspor batu bara Australia ke China diperkirakan masih akan rendah seiring dengan tensi geopolitik kedua negara yang tinggi. Hal ini akan meng-untungkan Indonesia tentunya.

China mengimpor batu bara termal dari Indonesia. Selain itu Negeri Panda juga mengimpor batu bara metalurgi yang banyak digunakan untuk industri baja dari Negeri Kanguru.

Kenaikan signifikan harga batu bara sampai menyentuh level US$ 90/ton diakibatkan oleh pasokan China yang ketat dan dampak dari relaksasi kebijakan impor. Namun kini harga batu bara Qinhuangdao sebagai acuan batu bara termal China berangsur turun.

Selisih harga batu bara Australia dan China yang tadinya tembus US$ 70/ton kini sudah mulai kembali ke kisaran normal. Seiring dengan berakhirnya perayaan tahun baru Imlek dan jelang berakhirnya musim dingin, harga batu bara akan cenderung melunak. TIM RISET CNBC INDONESIA (twg/twg)

Check out the production plans for ANTM, TINS, and PTBA this

year Reporter: Akhmad Suryahadi | Editor:

Noverius Laoli

THREE STATE-owned mining issuers who are members of the MIND ID holding have prepared a number of operational plans and targets for this year.

PT Bukit Asam Tbk (PTBA), for example, ensures that the production target in 2021 will increase compared to the previous year.

Simak rencana produksi ANTM, TINS, dan PTBA tahun ini

Reporter: Akhmad Suryahadi | Editor:

Noverius Laoli

TIGA emiten pertambangan milik Negara

yang tergabung dalam holding MIND ID

telah menyiapkan sejumlah rencana dan

target operasional tahun ini.

PT Bukit Asam Tbk (PTBA) misalnya,

memastikan target produksi di 2021 akan

naik dibanding tahun sebelumnya.

Daily News Update Page 13

Bukit Asam Corporate Secretary Apollonius Andwie said, coal demand in early 2021 had indeed increased due to a number of positive trends, such as the recovery in the global coal market, especially in China and India.

Overall , Apollo assesses that the absorption capacity of coal will continue to increase compared to 2020, both in the domestic and export markets. "We project that this increase will continue to occur in line with the post-pandemic condition recovery," said Apollonius when confirmed by Kontan.co.id, Tuesday (2/2).

As an illustration, Bukit Asam's coal production target which was adjusted last year was 25.1 million tons. The coal production volume of this state-owned company was at 19.4 million tons as of the end of September 2020.

PT Timah Tbk (TINS), allocated capital expenditure (capex) based on the Company's 2021 Work Plan and Budget (RKAP) amounting to approximately Rp 1.9 trillion. This amount is up from last year's capex allocation of only Rp 1.5 trillion.

PT Timah Corporate Secretary, Muhammad Zulkarnaen Dharmawi, said the capex was planned to be used for investment costs in TINS and its subsidiaries with a percentage of 94% versus 6%.

Metal production is targeted at over 50,000 tons, with sales of around 92 percent of production. This production figure is in line with the growth in world refined tin consumption in 2021, which is predicted to increase by 3.6%, to 353,900 tonnes from 341,650 tonnes in 2020.

Most recently, PT Aneka Tambang Tbk (ANTM) announced its production and sales targets for this year. ANTM targets the volume and production of ferronickel sales...

Sekretaris Perusahaan Bukit Asam Apollonius Andwie mengatakan, permintaan batubara di awal 2021 memang mengalami kenaikan karena sejumlah tren positif, seperti mulai pulihnya pasar batubara global terutama di China dan India.

Secara keseluruhan, Apollo menilai daya serap batubara tetap lebih naik dibanding 2020, baik di pasar domestik maupun ekspor. “Kami memproyeksikan peningkatan ini akan terus terjadi seiring dengan pemulihan kondisi pasca pandemi,” ujar Apollonius saat dikonfirmasi Kontan.co.id, Selasa (2/2).

Sebagai gambaran, target produksi batubara Bukit Asam yang telah disesuaikan tahun lalu sebesar 25,1 juta ton. Adapun volume produksi batubara emiten pelat merah ini berada di angka 19,4 juta ton per akhir September 2020.

PT Timah Tbk (TINS), mengalokasikan belanja modal atau capital expenditure (capex) berdasarkan Rencana Kerja dan Anggaran Perusahaan (RKAP) tahun 2021 sebesar kurang lebih Rp 1,9 triliun. Jumlah ini naik dari alokasi capex tahun lalu yang hanya Rp1,5 triliun.

Sekretaris Perusahaan PT Timah, Muhammad Zulkarnaen Dharmawi mengatakan, capex ini rencananya akan digunakan untuk biaya investasi di TINS dan anak perusahaan dengan persentase 94% berbanding 6%.

Adapun produksi logam ditargetkan sekitar di atas 50.000 ton, dengan penjualan sekitar 92% dari produksi. Angka produksi ini seiring dengan pertumbuhan konsumsi logam timah dunia pada tahun 2021 yang diprediksi naik 3,6%, menjadi sebesar 353.900 ton dari sebelumnya sebesar 341.650 ton pada tahun 2020.

Yang terbaru, PT Aneka Tambang Tbk (ANTM) mengumumkan target produksi dan penjualan untuk tahun ini. ANTM menar-getkan volume dan produksi penjualan feronikel...

Daily News Update Page 14

ANTM targets the volume and production of ferronickel sales in 2021 to be 26,000 tons of nickel in ferronickel (TNi), relatively stable with unaudited produc-tion and sales achievements in 2020 of 25,970 TNi and 26,163 TNi, respectively.

ANTM targets total nickel ore production to be 8.44 million wet metric tons (wmt) in 2021, up 77% from last year's unaudited nickel ore production of 4.76 million wmt. The increase in nickel ore production will be used as raw material for ANTM's ferronickel plant and support sales to domestic customers.

Meanwhile, ANTM's nickel ore sales target this year is 6.71 million wmt, an increase of 104% compared to last year's unaudited nickel ore sales of 3.30 million wmt.

"The increase in the nickel ore sales target is in line with the outlook for the growth of the domestic nickel processing industry," said SVP Corporate Secretary Aneka Tambang Kunto Hendrapawoko in his official statement, Thursday (12/2).

ANTM targets gold production in 2021 to be 1.37 tons from the Pongkor and Cibaliung gold mines, with a gold sales target of 18 tons. This year, ANTM is focusing on developing the precious metals customer base in the domestic market.

Finally, ANTM is targeting bauxite ore production to reach 3 million wmt, up 93% compared to last year's unaudited production of 1.55 million wmt. The increase in bauxite ore production will be used for alumina production and sales to third parties.

In terms of sales, the Kompas100 Index constituent targets 2.73 million wmt, an increase of 122% from last year's 1.23 million wmt.

ANTM menargetkan volume dan produksi penjualan feronikel di 2021 sebesar 26.000 ton nikel dalam feronikel (TNi), relatif stabil dengan capaian produksi dan penjualan unaudited tahun 2020 yang masing-masing sebesar 25.970 TNi dan 26.163 TNi.

ANTM menargetkan pada tahun 2021 total produksi bijih nikel sebesar 8,44 juta wet metric ton (wmt ), naik 77% dari realisasi produksi bijih nikel unaudited tahun lalu sebesar 4,76 juta wmt. Peningkatan pro-duksi bijih nikel tersebut akan digunakan untuk bahan baku pabrik feronikel ANTM dan mendukung penjualan ke pelanggan domestik.

Sedangkan target penjualan bijih nikel ANTM tahun ini sebesar 6,71 juta wmt atau naik 104% dibandingkan capaian penjualan bijih nikel unaudited tahun lalu sebesar 3,30 juta wmt.

“Peningkatan target penjualan bijih nikel tersebut seiring dengan outlook pertum-buhan industri pengolahan nikel di dalam negeri,” terang SVP Corporate Secretary Aneka Tambang Kunto Hendrapawoko dalam keterangan resminya, Kamis (12/2).

ANTM menargetkan produksi emas di tahun 2021 sebesar 1,37 ton dari tambang emas Pongkor dan Cibaliung, dengan target penjualan emas mencapai 18 ton. Tahun ini, ANTM berfokus pada pengembangan basis pelanggan logam mulia di pasar domestik.

Terakhir, ANTM menargetkan produksi bijih bauksit tahun ini sebesar 3 juta wmt, tumbuh 93% dibandingkan realisasi pro-duksi unaudited tahun lalu sebesar 1,55 juta wmt. Naiknya produksi bijih bauksit ini akan digunakan sebagai produksi alumina serta penjualan ke pihak ketiga.

Dari sisi penjualan, konstituen Indeks Kompas100 ini menargetkan 2,73 juta wmt, naik sebesar 122% dari tahun lalu yang hanya 1,23 juta wmt.

Daily News Update Page 15

MIND ID boss proposes special incentives for low grade nickel

Denis Riantiza Meilanova

GROUP CEO of Mining and Industry

Indonesia (MIND ID), Orias Petrus Moedak, said that there needs to be a special incentive for low grade nickel commodities that will be used as raw material for electric vehicle batteries.

According to him, providing incentives can be done like incentives for coal commodities that are used for the downstream program. In order to encourage the downstreaming of coal, through the Law on Job Creation, the government provides incentives in the form of imposition of royalties of up to 0 percent on coal used for the downstream program.

"There are EV batteries, electric cars, and so on. This is the utilization of low grade nickel. For coal there is a 0 percent production fee, but will this apply to low grade nickel?" Orias said in the Minerals Policy Socialization webinar. Indonesian Coal, Thursday (11/02/2021).

Orias said that with the government encouraging electric vehicle battery development programs, the low grade nickel commodity has now become special. Previously, low grade nickel was only considered a by-product and was not widely used.

With the increasing use of low grade nickel in the future, Orias considers that the government needs to study policies related to nickel royalties and other related taxes.

"Now we are taking advantage of it. Is there a need for production fees, taxes, and other related matters that need to be adjusted? I think the policy concerning this must also be considered, it must be included in the mineral and coal policy," he said.

Bos MIND ID Usul Insentif Khusus untuk Nikel Kadar Rendah

Denis Riantiza Meilanova

GROUP CEO Mining and Industry Indonesia

(MIND ID) Orias Petrus Moedak menilai perlu ada insentif khusus untuk komoditas nikel kadar rendah yang akan dimanfaatkan sebagai bahan baku baterai kendaraan listrik.

Menurutnya, pemberian insentif bisa di-lakukan seperti halnya insentif pada komo-ditas batu bara yang dimanfaatkan untuk program hilirisasi. Guna mendorong hilirisasi batu bara, melalui Undang-Undang tentang Cipta Kerja pemerintah memberikan insentif berupa pengenaan royalti hingga 0 persen terhadap batu bara yang digunakan untuk program hilirisasi.

"Ada baterai EV, mobil listrik, dan sebagainya, ini kan pemanfaatan nikel kadar rendah. Kalau batu bara kan sudah ada itu iuran produksi 0 persen, tapi apakah ini akan berlaku untuk nikel kadar rendah?" ujar Orias dalam webinar Sosialisasi Kebijakan Mineral dan Batubara Indonesia, Kamis (11/02/2021).

Orias menuturkan bahwa dengan adanya program pengembangan baterai kendaraan listrik yang gencar didorong oleh pemerintah, komoditas nikel kadar rendah kini menjadi istimewa. Sebelumnya, nikel kadar rendah hanya dianggap sebagai ikutan dan tidak banyak dimanfaatkan.

Dengan semakin meningkatnya pemanfaatan nikel kadar rendah ke depan, Orias menilai kebijakan terkait royalti nikel dan pajak lain terkait perlu dikaji pemerintah.

"Sekarang kita manfaatkan itu. Apakah perlu ada iuran produksi, pajak, dan lain-lain terkait yang perlu disesuaikan? Saya rasa kebijakan menyangkut ini harus diperhatikan juga, harus masuk ke kebijakan minerba," katanya.

Daily News Update Page 16

Meanwhile, MIND ID together with PT Pertamina (Persero), PT PLN (Persero), and PT Aneka Tambang (Antam) Tbk., Will form the Indonesia Battery Holding or Indonesia Battery Corporation to develop an integrated electric vehicle battery (EV battery) industrial ecosystem from up-stream to downstream. The formation of the holding is targeted to be completed in the first semester of 2021. Editor: Zufrizal

Adapun, MIND ID bersama PT Pertamina (Persero), PT PLN (Persero), dan PT Aneka Tambang (Antam) Tbk., akan membentuk Indonesia Battery Holding atau Indonesia Battery Corporation untuk mengem-bangkan ekosistem industri baterai kendaraan listrik (baterai EV) secara ter-integrasi dari hulu ke hilir. Pembentukan holding tersebut ditargetkan dapat selesai pada semester I/2021. Editor : Zufrizal

Timah Spends Rp10.26 Billion for Exploration in January

Reporter: Intan Pratiwi/Editor: Nidia Zuraya

IN JANUARY, PT Timah Tbk carried out

exploration activities. TINS exploration activities in January focused on the Tin commodity with a total cost of Rp 10.26 billion.

PT Timah Corporate Secretary Muhammad Zulkarnaen said the company's exploration activities at sea in January 2021 took the form of detailed drilling in Bangka waters, namely the Toboali Sea and Mentok Sea and Kundur Sea in the Rangsang Sea.

"We deployed five drilling vessels with a total drill meter of 5,557 meters," said Zulkarnaen in his written statement at the IDX information disclosure, Sunday (14/2).

He explained that apart from conducting exploration in the waters, the company also carried out exploration activities on land including mapping, geomagnetism, core logging and also drilling for tin in the areas of Bangka and Belitung Islands. The total drill meter in January was 1,596 meters.

Timah Habiskan Rp10,26 Miliar untuk Eksplorasi pada Januari Reporter: Intan Pratiwi/Redaksi: Nidia

Zuraya

PT TIMAH Tbk pada Januari kemarin

melakukan aktivitas eksplorasi. Kegiatan eksplorasi TINS di bulan Januari berfokus pada komoditas Timah dengan jumlah biaya yang dikeluarkan sebesar Rp 10,26 miliar.

Sekretaris Perusahaan PT Timah Muhammad Zulkarnaen mengatakan , kegiatan eksplorasi perseroan di laut pada Januari 2021 berupa kegiatan pemboran-pemboran rinci di Perairan Bangka yakni Laut Toboali dan Laut Mentok serta Perairan Kundur di Laut Rangsang.

"Kami mengerahkan lima unit kapal bor dengan total meter bor sebesar 5.557 meter," ujar Zulkarnaen pada keterangan tertulisnya di keterbukaan informasi BEI, Ahad (14/2).

Ia menjelaskan selain melakukan eksplorasi di perairan, perusahaan juga melakukan kegiatan eksplorasi di darat meliputi kegiatan pemetaan, geomagnet, core logging dan juga pengeboran timah di wilayah Pulau Bangka dan Belitung. Total meter bor pada Januari tersebut sebesar 1.596 meter.

Daily News Update Page 17

Meanwhile, this month, said Zulkarnaen, the company will stil l conduct an

evaluation and continue exploration activities in January. This February, the

company plans to use four drill boats to explore the Tobolai and Mentok Seas.

"We will also continue exploration on land

like what we did in January," said Zulkarnaen.

Sedangkan di bulan ini, kata Zulkarnaen perusahaan masih akan melakukan evaluasi dan melanjutkan kegiatan eksplorasi di bulan Januari. Pada Febaruari ini perusahaan berencana menggunakan empat kapal bor untuk melakukan eksplorasi di perairan Laut Tobolai dan Laut Mentok.

"Kami juga akan melanjutkan eksplorasi di darat seperti apa yang kami lakukan pada Januari kemarin," ujar Zulkarnaen.

Ministry of ESDM Launches Mineral and Coal Policy

Document

THE MINISTRY of Energy and Mineral

Resources (ESDM) is refining the mineral and coal (minerba) policy in Indonesia as

an illustration of the direction of mineral and coal management and more adaptive

implementation practices for the community.

Director General of Mineral and Coal of the Ministry of Energy and Mineral Resources

Ridwan Djamaluddin said that the revision of the policy was in the form of a derivative

document from Law Number 4 of 2009 which was amended to Law Number 3 of

2020 concerning Mineral and Coal Mining.

"Internally , we have deepened the preparation of documents, thoughts,

discussions and others. Since 2018 we have carried out a massive, systematic, and

serious manner. This policy is a derivative of the mandate of the Law that we must

do," Ridwan said. when opening the Mineral and Coal Policy Socialization event

in Indonesia, Saturday (13/2/2021).

Kementerian ESDM Luncurkan Dokumen Kebijakan Mineral

dan Batubara

KEMENTERIAN Energi dan Sumber Daya

Mineral (ESDM) tengah menyempurnakan kebijakan mineral dan batubara (minerba) di Indonesia sebagai gambaran atas arah pengelolaan minerba serta praktik implementasinya yang lebih adaptif bagi masyarakat.

Direktur Jenderal Minerba Kementerian ESDM Ridwan Djamaluddin mengatakan, penyempurnaan kebijakan tersebut berupa dokumen turunan kebijakan Undang - Undang Nomor 4 Tahun 2009 yang diubah menjadi UU Nomor 3 Tahun 2020 tentang Pertambangan Mineral dan Batubara.

"Secara internal kami sudah melakukan pendalaman penyusunan dokumen, pemikiran, diskusi dan lain-lain. Sejak tahun 2018 sudah melakukan secara masif, sistematis, dan sungguh-sungguh. Kebijakan ini merupakan turunan dari amanat Undang - Undang yang harus kita lakukan," kata Ridwan saat membuka acara Sosialisasi Kebijakan Mineral dan Batubara di Indonesia, Sabtu (13/2/2021).

Daily News Update Page 18

Ridwan emphasized that the preparation of this policy document was prepared by involving all stakeholders, including businessmen, academics, and the community. "We compiled it inclusively. The government acts as a facilitator and involves stakeholders so that what we compile becomes a joint policy so that later at the implementation level it is not too difficult," he explained.

Through the mineral and coal policy document, Ridwan continued, it is hoped that it will be able to become a middle ground for environmental issues that have so far been contested in the community.

"It is equally important to increase the beneficial value of natural resources while maintaining the sustainability of its existence across generations," he said.

Increase Economic Benefits

Muhammad Wafid said that the preparation of mineral and coal policy documents was aimed at optimizing the implementation of mineral and coal management, increasing economic benefits and the quality of human resources, increasing the independence and resilience of the mineral and coal-based national industry and improving the people's welfare and prosperity.

In general, the basic principles of mineral and coal management in this mineral and coal policy document are divided into 3 (three) namely: Inventory of minerals and coal, utilization of minerals and coal, and conservation of minerals and coal. This is what underlies the preparation of chapters in mineral and coal policy documents.

This mineral and coal policy document consists of 6 (six) main frameworks, namely an introduction, mineral and coal inventory, mineral and coal management and utilization, mineral and coal conservation, monitoring and evaluation, and closure.

Ridwan menegaskan, penyusunan dokumen kebijakan ini disusun dengan melibatkan semua pemangku kepentingan baik pengusaha, akademisi, hingga masya-rakat. "Kami susun secara inklusif. Peme-rintah sebagai fasilitator dan melibatkan pemangkau kepentingan agar yang kita susun ini menjadi kebijakan bersama sehingga nanti pada tataran implementasi tidak terlalu sulit," jelasnya.

Melalui dokumen kebijakan minerba, sambung Ridwan, diharapkan mampu men-jadi jalan tengah atas permasalahan isu-isu lingkungan yang selama ini kerap diper-tentangkan di masyarakat.

"Ini sama pentingnya untuk meningkatkan nilai manfaat sumber daya alam sekaligus menjaga keberlanjutan keberadaannya lintas generasi," ungkapnya.

Meningkatkan Manfaat Ekonomi

Muhammad Wafid menyampaikan bahwa penyusunan dokumen kebijakan mineral dan batubara bertujuan untuk meng-optimalkan penyelenggaraan pengelolaan mineral dan batubara, meningkatkan manfaat ekonomi dan kualitas sumber daya manusia, meningkatkan kemandirian dan ketahanan industri nasion al berbasis mineral dan batubara serta meningkatkan kesejahteraan dan kemakmuran rakyat.

Secara umum, kaidah dasar pengelolaan mineral dan batubara dalam dokumen kebijakan mineral dan batubara ini dibagi menjadi 3 (tiga) yaitu: Inventarisasi mineral dan batubara, pemanfaatan mineral dan batu-bara, dan konservasi mineral dan batubara. Hal ini yang mendasari penyusunan bab dlm dokumen kebijakan mineral dan batubara.

Dokumen kebijakan mineral dan batubara ini terdiri dari 6 (enam) kerangka utama yaitu pendahuluan, inventarisasi mineral dan batu-bara, pengelolaan dan pemanfaatan mineral dan batubara, konservasi mineral dan batu-bara, pemantauan dan evaluasi, dan penutup.

Daily News Update Page 19

"In the formulation, we are assisted by five expert practitioners from outside, namely Prof. Riant Nugroho, Prof. Made Astawarai, Prof. Abrar Saleng, Prof. Machmud Hasjim, and Deddi Handiko," concluded Wafid.

"Dalam pernyusunannya, kita dibantu oleh lima praktisi ahli dari luar, yaitu Prof. Riant Nugroho, Prof. Made Astawarai, Prof. Abrar Saleng, Prof. Machmud Hasjim, dan Deddi Handiko," tutup Wafid.

Being a mainstay commodity, this is how Indonesia dominates

the world's nickel and bauxite Reporter: Ridwan Nanda Mulyana | Editor:

Tendi Mahadi

NICKEL and bauxite are one of Indonesia's

mainstay mineral commodities. The value of the two commodities will be increasingly strategic along with the prospects for batteries and electric cars in the future.

Indonesia also occupies an important position in controlling the world's nickel and bauxite, both in terms of production and potential reserves. The ESDM Ministry's Geological Agency study and the United States Geological Survey (USGS) report confirm the huge potential of Indonesian nickel and bauxite.

The Head of the Center for Mineral, Coal and Geothermal Resources (PSDMP) of the Ministry of ESDM, Iman Sinulingga, revealed that from all countries identified as having nickel potential, based on USGS 2020 data Indonesia dominates nearly 24% of the world's nickel reserves.

This figure makes Indonesia occupy the first rank globally. "This is indeed relevant to the condition of our country which has ophiolite zoning routes spread across several locations in Sulawesi, North Maluku, West Papua and Papua," Iman explained to Kontan.co.id, Sunday (14/2).

Jadi komoditas andalan, begini dominasi Indonesia pada nikel

dan bauksit dunia Reporter: Ridwan Nanda Mulyana | Editor:

Tendi Mahadi

NIKEL dan bauksit menjadi salah satu

komoditas mineral andalan Indonesia. Nilai dari kedua komoditas itu bakal semakin strategis seiring dengan prospek baterai dan mobil listrik di masa depan.

Indonesia pun menempati posisi penting dalam penguasaan nikel dan bauksit dunia, baik dari sisi produksi maupun potensi cadangan yang dimiliki. Kajian Badan Geologi Kementerian ESDM dan laporan United States Geological Survey (USGS) mengkonfirmasi potensi besar nikel dan bauksit Indonesia.

Kepala Pusat Sumber Daya Mineral Batu-bara dan Panas Bumi (PSDMP) Kementerian ESDM Iman Sinulingga mengungkapkan, dari seluruh negara yang diidentifikasi memiliki potensi nikel, berdasarkan data USGS 2020 Indonesia mendominasi hampir 24% cadangan nikel dunia.

Angka itu membuat Indonesia menduduki peringat pertama secara global. "Ini memang relevan dengan kondisi negara kita yang memiliki jalur zonasi ofiolit yang tersebar di beberapa lokasi di Sulawesi, Maluku Utara, Papua Barat dan Papua," jelas Iman kepada Kontan.co.id, Minggu (14/2).

Daily News Update Page 20

Based on data from the PSDMP-Geological Agency of the Ministry of ESDM, until December 2020, in general, the total ore resource was 14 billion tons which was dominated by inferred resource classifications. Meanwhile, ore reserves were recorded at 4.4 bil l ion tons, dominated by the estimated reserve classification.

"For metal resources, the total is 204 million tons, only a small portion with measurable status. Meanwhile, the total metal reserves of around 69 million tons are dominated by the classification of estimated reserves," explained Iman.

In terms of distribution, the ultrabasic/ laterite nickel ophiolite route that has been explored and contributes to national reserves is in the eastern arm of the island of Sulawesi, the eastern arm of Halmahera, Obi Island, Gag, Gebe, Waigeo, West Papua and Papua.

Iman conveyed that the top five provinces with large resources are Southeast Sulawesi, North Maluku, Central Sulawesi, South Sulawesi, West Papua and Papua.

In terms of nickel mining production, Indonesia also ranks first in the world, ahead of the Philippines and Russia. As an il lustration, in 2019, world nickel production was recorded at 2,668,000 tonnes of Ni.

Of this amount, around 800,000 tonnes of Ni were recorded to be produced by Indonesia. Below that is the Philippines with nickel mining production of around 420,000 tonnes of Ni and Russia 270,000 tonnes of Ni.

Shifting to the bauxite commodity, based on USGS data for 2020, of all potential countries, Indonesia has 4% of bauxite reserves. With this number, Indonesia is ranked sixth in the world.

Berdasarkan data dari PSDMP-Badan Geologi Kementerian ESDM, hingga Desember 2020, secara umum total sumber daya bijih sebanyak 14 miliar ton yang didominasi dengan klasifikasi sumber daya tereka. Sedangkan cadangan bijih tercatat sebanyak 4,4 miliar ton yang didominasi klasifikasi cadangan terkira.

"Untuk sumber daya logam total adalah 204 juta ton, baru sebagian kecil dengan status terukur. Sedangkan total cadangan logam sekitar 69 juta ton didominasi dengan klasifikasi cadangan terkira," terang Iman.

Dari sisi sebaran, jalur ultrabasa/ofiolit nikel laterit yang sudah dieksplorasi dan memberikan kontribusi sumberdaya-cadangan nasional berada di lengan timur pulau Sulawesi, lengan timur Halmahera, Pulau Obi, Gag, Gebe, Waigeo, Papua Barat dan Papua.

Iman menyampaikan, lima besar provinsi dengan sumber daya besar adalah Sulawesi Tenggara, Maluku Utara, Sulawesi Tengah, Sulawesi Selatan, Papua Barat dan Papua.

Adapun dari sisi produksi pertambangan nikel, Indonesia juga menduduki peringkat pertama di dunia, di atas Filipina dan Rusia. Sebagai gambaran pada 2019, produksi nikel dunia tercatat 2.668.000 ton Ni.

Dari jumlah tersebut, sekitar 800.000 ton Ni tercatat diproduksi Indonesia. Di bawahnya ada Filipina dengan produksi pertambangan nikel sekitar 420.000 ton Ni dan Rusia 270.000 ton Ni.

Bergeser ke komoditas bauksit, ber-dasarkan data USGS tahun 2020, dari seluruh negara yang memiliki potensi, Indonesia memiliki 4% cadangan bauksit. Dengan jumlah tersebut, Indonesia men-duduki peringkat keenam di dunia.

Daily News Update Page 21

Based on data from the PSDMP-Geological Agency of the Ministry of ESDM, as of December 2020, in general, the total ore resource was 5.5 billion tons which was dominated by designated resource classifications. Meanwhile, ore reserves were recorded at 2.96 billion tons, which was dominated by the estimated reserve classification.

Metal resources are estimated at 2.1 billion tons, while the total metal reserves are around 1.1 billion tons, which is dominated by the classification of estimated reserves.

In terms of distribution, exploration has been carried out and contributed to national resources in Riau Islands, West Kalimantan, Central Kalimantan, and there is also potential in Bangka Belitung.

From the production side, Indonesia ranks fifth globally in 2019 with a production of 16 million tonnes of bauxite ore. Then from its derivative products, Indonesia's alumina production is in 11th position in the world with 1 million tons of alumina. Furthermore, Indonesia's aluminum production is 253,000 tons or position 27 globally.

Three Strategic Commodities

Previously, the Deputy for Investment and Mining Coordination at the Coordinating Ministry for Maritime Affairs and Investment, Septian Hario Seto, revealed that three mineral commodities will play a strategic role in the future. This was driven by the development of electric cars and renewable energy (RE).

The three commodities are nickel, copper and bauxite-aluminum. Nickel, will play a major role in the supply chain of lithium battery raw materials. Meanwhile, copper and bauxite will play a strategic role in the electric car industry as well as RE generating components such as solar panels and wind power.

Berdasarkan data dari PSDMP-Badan Geologi Kementerian ESDM, per Desember 2020, secara umum total sumber daya bijih sebesar 5,5 miliar ton yang didominasi dengan klasifikasi sumber daya tertunjuk. Sedangkan cadangan bijih tercatat 2,96 miliar ton yang didominasi klasifikasi cadangan terkira.

Sumber daya logam ditaksir sebanyak 2,1 miliar ton, sedangkan total cadangan logam sekitar 1,1 miliar ton yang didominasi dengan klasifikasi cadangan terkira.

Dari sisi sebaran yang sudah dilakukan eksplorasi dan memberikan kontribusi sumber daya-cadangan nasional berada di Kepualauan Riau, Kalimantan Barat, Kalimantan Tengah, dan ada juga potensi di Bangka Belitung.

Dari sisi produksi, Indonesia menempati posisi kelima secara global pada tahun 2019 dengan produksi 16 juta ton bijih bauksit. Lalu dari produk turunannya, produksi alumina Indonesia berada di posisi 11 dunia dengan 1 juta ton alumina. Selanjutnya produksi aluminium Indonesia sebanyak 253.000 ton atau posisi 27 secara global.

Tiga Komoditas Strategis

Sebelumnya Deputi Bidang Koordinasi Investasi dan Pertambangan Kementerian Koordinator Maritim dan Investasi, Septian Hario Seto mengungkapkan tiga komoditas mineral yang ke depan akan berperan strategis. Hal itu didorong oleh pengem-bangan mobil listrik dan juga energi terbarukan (ET).

Ketiga komoditas itu adalah nikel, tembaga, serta bauksit-aluminium. Nikel, akan berperan besar dalam rantai pasok bahan baku baterai lithium. Sedangkan tembaga dan bauksit akan berperan strategis dalam industri mobil listrik serta komponen pembangkit ET seperti solar panel dan wind power.

Daily News Update Page 22

"So copper, nickel, bauxite, aluminum will play a very significant role in the future in the development of renewable energy. In the last few months the price has increased significantly," said Septian in a virtual event held, Friday (5/2).

Therefore, the government will encourage investors to downstream and industrialize the three commodities. Not only to smelters that produce intermediate products, but also to derivative products. "So we don't want to just build a (smelter). They (investors) have to build a down-streaming facility," concluded Septian.

"Jadi tembaga, nikel, bauksit, aluminium akan berperan sangat signifikan ke depan-nya dalam pengembangan renewable energy. Beberapa bulan terakhir pun harganya naik signifikan," ungkap Septian dalam acara virtual yang digelar, Jum'at (5/2).

Oleh sebab itu, pemerintah bakal men-dorong investor untuk melakukan hilirisasi dan industrialisasi pada ketiga komoditas tersebut. Tak hanya sampai ke smelter yang menghasilkan produk intermediate saja, namun juga ke produk-produk turunannya. "Jadi kita nggak mau hanya sekadar bikin (smelter) saja. Mereka (investor) harus bangun hilirisasinya," pungkas Septian.

Coal Price Rises to US$80/Ton, What Is This Sign?

Chandra Dwi, CNBC Indonesia

COAL prices have strengthened again this

week and are approaching the level of US$ 85/ton. However, the strengthening of coal this week is not as strong as it was at the end of January 2021.

In trading Friday (12/2/2021) this weekend, the benchmark coal price on the ICE Newcastle (Australia) market fell 0.76% to the level of US$ 84.9/ton. However, throughout this week, the price of jet stones is still strengthening, although not as strong as at the end of January, namely 1.07% point-to-point.

The coal price rally was not as strong as at the end of January for several reasons. One of the reasons for this was the decreasing price dif ference between Newcastle thermal coal and Chinese local coal to below US$ 20/ton. Whereas previously the price difference had reached US$ 70/ton.

Harga Batu Bara Bangkit Jadi US$80/Ton, Tanda Apa Ini?

Chandra Dwi, CNBC Indonesia

HARGA batu bara kembali menguat pada

perdagangan pekan ini dan mendekati level US$ 85/ton. Namun, penguatan batu bara pada pekan ini tak sekuat di akhir Januari 2021.

Pada perdagangan Jumat (12/2/2021) akhir pekan ini, harga batu bara acuan di pasar ICE Newcastle (Australia) melemah 0,76% ke level US$ 84,9/ton. Namun sepanjang pekan ini, harga batu legam itu masih menguat walaupun tak sekuat pada akhir Januari lalu, yakni 1,07% secara point-to-point.

Reli harga batu bara yang tak sekuat pada akhir Januari lalu disebabkan dari beberapa alasan. Salah satu alasan pemicunya adalah selisih harga batu bara termal Newcastle dengan batu bara lokal China yang semakin menurun menjadi di bawah US$ 20/ton. Padahal sebelumnya selisih harga sempat mencapai US$ 70/ton.

Daily News Update Page 23

Even though the Chinese coal price has dropped sharply, it is still above the target set by the government at RMB 500 - RMB 570 per ton. This is why the price of Newcastle thermal coal has not decreased significantly.

China is indeed aggressive in conserving electricity supply and accelerating local coal production so that it can meet domestic needs. It did not stop there that China also relaxed its import policy.

When the Covid-19 pandemic spreads widely in 2020, demand for coal will drop because electricity consumption for the commercial and industrial sectors has plummeted. As a result, producers cut production.

However, as China succeeded in taming Covid-19 and the economy rebounded, demand for coal gradually recovered. This also raises the price and when the price rises, the producers will again boost production.

It's just that there are other factors that can make coal prices lose momentum, namely the end of winter and the celebration of the Chinese New Year. However, if the price of other fossil energy commodities such as oil and gas continues to rise, it is possible that the price of coal will also be the same. CNBC INDONESIA RESEARCH TEAM (chd/chd)

Meskipun sudah anjlok tajam harga batu bara China masih di atas target yang dipatok oleh pemerintah di RMB 500 - RMB 570 per ton. Inilah yang membuat kenapa harga batu bara termal Newcastle belum juga ikut surut secara signifikan.

China memang agresif untuk menghemat pasokan listrik, dan menggeber produksi batu bara lokal supaya bisa memenuhi kebutuhan domestik. Tak sampai di situ China juga melonggarkan kebijakan impornya.

Saat pandemi Covid-19 merebak luas di tahun 2020, permintaan terhadap batu bara drop karena konsumsi listrik untuk sektor komersial dan industri anjlok. Alhasil produsen memangkas produksi.

Namun saat China berhasil menjinakkan Covid-19 dan ekonomi rebound per-mintaan batu bara berangsur pulih. Hal ini turut mengerek harga dan ketika harga naik maka produsen akan kembali meng-geber produksi.

Hanya saja ada faktor lain yang bisa membuat harga batu bara kehilangan momentum yaitu berakhirnya musim dingin dan perayaan tahun baru Imlek. Namun apabila harga komoditas energi fosil lain seperti minyak dan gas masih lanjut naik, tak menutup kemungkinan harga batu bara pun demikian. TIM RISET CNBC INDONESIA (chd/chd)

Nickel price: Indonesia confirms Tesla talks MINING.COM Staff Writer

AN INDONESIAN official has confirmed earlier reports that the government will begin early

talks with Tesla over a potential investment in the development of Li-ion batteries in the country. News of an investment proposal was first revealed by the country’s deputy head for investment and mining coordination, Septian Hario Seto.

Daily News Update Page 24

According to commodity research analysts at Roskill, this development potentially represents another boost for Indonesia, the world’s biggest nickel producer. The base metal is a vital ingredient for the production of Li-ion batteries used in electric vehicles.

Nickel prices have shot up to a six-year high on the back of rising demand expectations from the EV sector (click here for an interactive chart on nickel prices). On Friday, the metal was trading at $18,599/t on the LME, near what analysts believe to be a critical threshold for new supply investment.

In a report prepared by Roskill on behalf of the European Commission, global nickel demand is expected to reach 2.6 million tonnes in 20 years, which is significantly higher than the 92,000 tonnes recorded last year.

Indonesia has been strengthening its position in the Li-ion battery supply chain through several large international investments. At the end of 2020, LG Chem signed a memorandum of understanding for an EV battery manufacturing deal with the government reportedly worth $9.8 billion.

News of a potential tie-up with Tesla follows an announcement last week by the Indonesian government that it would not permit deep sea tailings placement (DSTP) as a form of tailings disposal at any of the battery-grade intermediate projects under construction. These projects must subsequently find alternative methods of safe on-land storage methods.

According to Roskill, this is perhaps in response to pressure from western OEMs including Tesla, which place ESG high up their raw material procurement criteria. In a post-earnings call last July, Tesla boss Elon Musk pleaded for nickel that has been sourced “efficiently and in an environmentally sensitive way.”

As well as targeting the Li-ion battery market, Indonesia has also been successful in attracting investment for a fully integrated stainless steel supply chain.

The Southeast Asian nation is also the leading producer of nickel pig iron (NPI), a raw material used in making stainless steel. NPI that is not consumed domestically is being increasingly exported to China, the world’s top consumer.

Chinese imports of NPI from Indonesia doubled year-on-year in 2020 as expansions from greenfield and brownfield capacity in Indonesia were brought online, Roskill added.

Metso Outotec establishes new training program for field service technicians

Posted by Daniel Gleeson

METSO Outotec has started an integrated competence development platform, the Services

Certification Program, looking to standardise the competency of the company’s service employees working on site.

Daily News Update Page 25

The OEM has an extensive footprint of over 3,000 field services professionals and additional support resources close to customer operations. The certification training program has been designed to validate and develop their employees’ knowledge and skills at servicing their respective products and technologies, it said.

Markku Teräsvasara, President, Services business area, Metso Outotec, said: “Our customers are already expressing strong confidence towards our service experts’ knowledge and technology competences. With the development program, the expertise is officially validated and standardised across the world.

“We have a unique opportunity from being able to combine strong maintenance support with process knowledge. To achieve our ambition of being the preferred services provider in our industry requires us to strive for unified development of industry leading competences based on high performance and safety standards, and resulting in exceptional customer experience.”

The Services Certification Program consists of three distinct and progressive training levels that allow personnel to develop their skills and apply them in on-the-job situations as well as validating existing work experience. All service personnel must achieve a “License to Service” certificate before starting the certification program to ensure a shared understanding of what service means within Metso Outotec and to clarify the standards including safety all are expected to hold themselves to in their work.

The Services Certification Program is designed and managed by the Metso Outotec Training Academy organisation which manages all technical and product trainings globally in the company.

Newcrest to pursue growth beyond Tier 1 assets Vanessa Zhou

NEWCREST Mining managing director Sandeep Biswas has revealed that the company

intends to expand its asset holding by adding more Tier 1 and Tier 2 orebodies to its gold portfolio.

Speaking during Newcrest’s half year results earnings conference call, Biswas said the company would engage in more greenfield discoveries and early-stage entry in partnerships, while remaining focussed on value.

This follows Newcrest’s achievement of having five Tier 1 orebodies in 2020 as targeted, including the Cadia gold operation in New South Wales, Telfer gold mine in Western Australia and Lihir project in Papua New Guinea.

“Innovation. Has been a big driver of value at Newcrest, and we’ve had some pretty impressive wins in the last few years,” Biswas said.

“But over the next five years, another big driver of value will be reserve growth, both in relation to our existing mines and the new discoveries.

Daily News Update Page 26

“We’ve got a unique opportunity to continue to apply our technical knowhow and the ethos of breakthrough thinking to maximise the amount of reserves we can economically extract from these ore bodies through efficiencies, data science, digital and automation, mining techniques and processing and innovations.”

Biswas believes there is more value the company can get out of its Cadia and Lihir gold operations.

With the Cadia molybdenum plant targeted to hit commercial production in the September quarter, Newcrest expects to add around $50 per ounce benefit to Cadia’s “already low” all-in sustaining cost per ounce.

“Cadia expansion project has (proceeded) very well and we’ve started the box cutter Havieron in record time,” Biswas added. “You’ve got to remember that we only bought into the project 18 months ago.”

At the Lihir gold operation, Newcrest developed a mine design that’s capable of adding 1.4 million ounces of gold to the mill between the 2022 and 2034 fiscal years.

Biswas noted that at a milling rate of around 15 million tonnes a year, the company could produce more gold ounces per tonne of feed than previously.

“We have a clearer path to unlock significant value from Lihir, which I’m very excited about and we’re advancing all our growth options,” Biswas said.

“Importantly, this is not about getting to the stretch limits of milling and autoclave capacity. It’s up to about the mine to give us a better ore feed and better grades, and then running the plant at the rate that we know we can achieve.”

Newcrest aspires to develop Lihir into a one million ounce producer for 10-12 years from 2022.

Tin production to rebound in 2021, says Fitch Solutions By: Tasneem Bulbulia, Creamer Media Reporter

FINANCIAL risk management, solutions and insights company Fitch Solutions Country Risk

and Industry Research expects global tin mine production to rebound this year, as mines in Indonesia and Peru are unencumbered by government restrictions and can profitably operate amid a higher tin price environment.

Tin mine production is estimated to grow by nearly 97% year-on-year to 323 800 t. However, over the coming decade, Fitch Solutions expects modest but slower growth than compared with the 2010 to 2019 period, on the back of rising tin prices.

It says that, globally, the tin mining subsector receives less attention than that of other base metals, with this compounded by the relative lack of diversity among major producing countries.

This can lead to weak project pipelines, Fitch Solutions says, noting that the sector has a fairly small number of these.

Daily News Update Page 27

Therefore, this will weigh on production growth as declining ore grades and a lack of replacement projects weigh on output growth in the long run, says Fitch Solutions.

Moreover, it notes that output growth faces additional downside risks as headwinds from more stringent environment regulations could further hamper project development.

Therefore, Fitch Solutions expects output growth to remain capped in the coming years owing to stringent environmental regulations and declining ore grades in some major producers such as China and Myanmar.

For this year, Fitch Solutions expects tin mine production in China to stay flat following supply chain bottlenecks and movement restrictions to curb the spread of Covid-19. Over the longer term, it forecasts the country’s tin mine production will see relatively minimal growth, with marginal increases led by the country’s largest producer, Yunnan Tin.

In Peru, it expects output to recover significantly from 2020, during which quarantine measures hindered operations. Tin mine production is anticipated to grow by 17% year-on-year as low base effects and the delayed ramp up of a key project support growth.

In the long term, Fitch Solutions expects the country’s production to growth over its forecast period to 2030 compared with the previous years of decline, with 2.2% yearly growth.

For Indonesia, Fitch Solutions has revised up its 2021 tin mine production growth forecasts from 9.8% growth to 25%, as low base effects and an improving tin price will incentivise PT Timah to bring output back to previous levels.

Fitch Solutions forecasts the country’s production will register an average contraction of 0.4% yearly over 2021 to 2029 as changing regulation tapers output in the long term.

The firm says Myanmar will maintain its status as a top ten tin producer over the forecast period to 2030, although growth will be weighted to the 2024 to 2029 period.

In terms of prices, Fitch Solutions has also revised up its tin price forecast for this year to an average of $19 500/t from $18 000/t previously, as prices started the year from a high base, supported by spot demand and a weaker dollar.

It expects upward pricing pressure will ease later this year as refined output grows significantly in top producers such as Indonesia and Malaysia.

Redpath completes largest raisebore by volume in the Americas at

Niobec niobium mine in Quebec Posted by Paul Moore

THE REDPATH Group reached a milestone this week, as the company completed an 875 m by 6.3 m diameter raise at the Niobec underground niobium mine in Québec, Canada. The raise is the largest by volume ever completed in the Americas and in the northern hemisphere. It is also the third biggest globally.

Daily News Update Page 28

The Redbore 90EX raisedrill, manufactured by Redpath in North Bay, Canada, was selected as the most appropriate drill to undertake this project. The remarkable achievement was a team effort that started in 2019 when Niobec approached Redpath Canada.

“Having worked together previously, Redpath’s project team understood Niobec’s needs for achieving a fully integrated process ensuring the lowest possible end cost, coupled with the highest standards of safety and productivity. The engineering and construction teams of our two companies worked in partnership to achieve this goal. The project finished safely and ahead of schedule,” said Johan Davel, General Manager, Redpath Raiseboring.

The Niobec mine is located in the municipality of Saint-Honoré in the Saguenay-Lac-Saint-Jean region, approximately 200 km north of Québec City. It is the only underground niobium mine, and one of the three main niobium producers in the world. The mine uses open stoping. Current production accounts for approximately 8 to 10% of the world’s production which varies according to the shifts in global supply and demand from year to year.

Mitsubishi Materials completes Chile's Mantoverde copper stake deal By Reuters Staff

JAPAN’s Mitsubishi Materials Corp said on Friday it had completed its purchase of a 30%

stake in Chile’s Mantoverde copper mine from Mantos Copper for $275 million, as the shift to a low carbon economy boosts demand for the metal.

Japan’s third-biggest copper smelter also said $520 million in project finance had been completed.

In a separate statement, Mantos Copper said the deal was the largest project finance completion in the mining sector since the onset of COVID-19.

Demand for copper, the price of which hit an eight-year high this week, is expected to soar as the highly-conducting metal is needed for the shift to a lower carbon economy.

The $275 million investment includes a pro-rata portion of construction capital expenditure as well as adjustments for working capital since last February, Mitsubishi said in a statement.

It announced plans to buy the stake last year to secure concentrate for its smelters.

The acquisition was subject to conditions including an arrangement for project finance, which was completed with six banks on Friday, a spokesman said, without identifying the lenders.

As part of the deal, Mitsubishi Materials agreed to provide a $60 million credit facility to cover potential cost overruns until completion of the project, which provides the company with incremental copper concentrates it produces.

As a result, on top of an offtake entitlement from its 30% stake, Mitsubishi Materials expects to be entitled to about 42% of the copper concentrate from the project, it said.

Daily News Update Page 29

The mine has 2.1 million tonnes of copper reserves and is owned by a consortium led by British investment company Audley Capital Advisors and Orion Mine Finance, which control Mantos Copper.

The partners plan to spend $784 million to expand facilities and build a concentrator to extract and process sulphide ore, with an aim to start production in 2023.

The expansion will see Mantoverde produce an average of 110,000 tonnes of copper and 33,000 ounces of gold per year from 2023 to 2030, Mantos Copper said.

Reporting by Yuka Obayashi, additional reporting by Zandi Shabalala in London; editing by Jason Neely and Barbara Lewis

Global copper production declines 2% in 2020 - report By Vladimir Basov

ACCORDING to the preliminary data released by the U.S. Geological Survey (USGS),

estimated global mine production of copper was 20 million tonnes in 2020, or 2% less than in 2019 (20.4 million tons).

USGS said that global copper output declined slightly over previous year primarily due to COVID-19 lockdowns in April and May. These disruptions significantly affected output in Peru, the second-ranked mine producer of copper, where production through July 2020 fell by nearly 250,000 tonnes (23%) from that in the same period of 2019.

USGS added that global refined copper production increased slightly to an estimated 25 million tonnes in 2020 from 24.5 million tonnes in 2019, when output in multiple countries was affected by temporary smelter shutdowns for maintenance and upgrades.

Global copper production, 2010-2020, ktonnes. 2020* - preliminary data. Source: USGS.

Global mine copper production was hovering around 20 million tonnes level over the last five years and this fact raising concerns of sustainable supplies of primary copper for the variety of industries.

Daily News Update Page 30

RANKED: World’s top 10 copper projects MINING.com Editor

FOR DECADES, the global demand for copper has been rising steadily, having tripled over the past half-century, according to the International Copper Study Group. Demand for copper – a metal key to the green energy transition – is expected to keep rising over the coming years as emerging economies led by China continue to ramp up industrial activity.

According to the (United States Geological Survey) USGS, roughly 700 million tonnes of copper have been produced around the world so far, while identified deposits contain an estimated 2.1 billion tonnes of additional copper that have yet to be mined.

To provide a glimpse of the copper supply chain of tomorrow, MINING.COM and sister company MiningIntelligence compiled a list of the top 10 largest copper deposits currently under development and ranked them according to copper resources in the measured and indicated categories.

Leading the way is the Kamoa-Kakula underground project being developed by an Ivanhoe-Zijin joint venture in the Kolwezi district of Lualaba, Democratic Republic of Congo. Initial production at Kakula, the first of many high-grade mining areas, is expected to begin in July 2021. With an expected production rate of 18 million tonnes per annum, the project is expected to become the world’s second largest copper mine, with an estimated production of 700,000 tonnes of copper a year.

In second place is the proposed Pebble mine located in the Bristol Bay region of Southwest Alaska, the status of which is still “up in the air” following rejection of the project’s key water permit by US federal regulators in November. That decision is being appealed by project owner Northern Dynasty Minerals.

Daily News Update Page 31

The third-biggest copper project is the Udokan deposit in Russia’s Zabaikalye region, which, despite its early discovery in 1949, mostly remained idle due to technical challenges until recent years. Like Kamoa-Kakula, the Udokan project is also undergoing construction, with commercial production expected in early 2022.

Next up is the Reko Diq project in Pakistan, which has been in limbo for nearly a decade as the Government of Baluchistan said it considered the mining lease application to be incomplete and unsatisfactory.

This is followed by the Tampakan deposit found on the Philippine island of Mindanao. Sagittarius Mines, a joint venture involving Glencore, is currently seeking local and national approval for the proposed mine. If approved, it is estimated to yield an average of 375,000 tonnes of copper a year over a 17-year mine life.

Rounding out the top 10 list are: Rio Tinto-BHP’s Resolution project in Arizona, SolGold’s majority-owned Cascabel project in Ecuador, the Taca Taca deposit in Argentina held by First Quantum Minerals, the Frieda River project backed by the Chinese state and Pala Investments, and Glencore’s El Pachon in Argentina.

Falling just outside the top ten list are the Los Helados discovery made by NGEX Minerals in Chile and the Wafi-Golpu joint venture between Newcrest and Harmony Gold in Papua New Guinea.