Indonesia to ban nickel exports from January 2020 · 2019. 9. 3. · IMA-Daily Update Indonesia to ban nickel exports from January 2020 THE ENERGY and Mineral Resources Ministry has

IMA-Daily Update

Indonesia to ban nickel exports from January 2020

THE ENERGY and Mineral Resources Ministry has announced that Indonesia will stop nickel

exports as of Jan. 1 next year to

its nickel reserves are limited.

According to coal and minerals director general Bambang Gatot Ariyono, Indonesia would

need 81 million tons nickel ore supply

would build 25 more.

Bambang said that the ban of nickel ore exports was in line with the national plan to

accelerate the establishment of smelters so that Indonesia could sell value

products such as stainless steel slabs.

“We already exported 38 million tons up until July this year. At this rate, we would need to

think about our reserves especially if we keep issuing exports permits,” he said at a press

conference on Monday.

Indonesia mostly exports raw nickel ore instead of intermediate pro

and stainless steel.

“We would stop exporting all quality of nickel, not just ore with 1.7 percent nickel,” he told

the press.

Bambang said the government is giving mining companies four months to complete their

exports contracts as all exports would need to be completed by

The date is two years earlier than the government’s initial plan to ban nickel ore exports in

January 2022.

Indonesia was the world’s largest nickel producer in 2

average production is expected to grow 8.1 percent in the 2018

all other global nickel producers such as the Philippines and Canada.

Indonesia had proven reserves of about 698 million tons of n

next seven to eight years.

Bambang acknowledged that Indonesia actually had potential reserves of 2.8 billion tons of

nickel but they needed to be explored.

Indonesia to ban nickel exports from January 2020News Desk | The Jakarta Post

and Mineral Resources Ministry has announced that Indonesia will stop nickel

next year to accelerate the establishment of domestic smelters while


need 81 million tons nickel ore supply per year as it currently has 11 working smelters and


accelerate the establishment of smelters so that Indonesia could sell value

products such as stainless steel slabs.

ed 38 million tons up until July this year. At this rate, we would need to


Indonesia mostly exports raw nickel ore instead of intermediate products



s all exports would need to be completed by Dec. 31.


Indonesia was the world’s largest nickel producer in 2018 with 560,000 tons. The nation’s

average production is expected to grow 8.1 percent in the 2018-2027 period, outperforming

all other global nickel producers such as the Philippines and Canada.

Indonesia had proven reserves of about 698 million tons of nickel that could be mined for the


nickel but they needed to be explored. (eyc)

Page 1

Indonesia to ban nickel exports from January 2020

and Mineral Resources Ministry has announced that Indonesia will stop nickel

the establishment of domestic smelters while


11 working smelters and


accelerate the establishment of smelters so that Indonesia could sell value-added nickel

ed 38 million tons up until July this year. At this rate, we would need to


ducts such as batteries




018 with 560,000 tons. The nation’s

2027 period, outperforming

ickel that could be mined for the


IMA-Daily Update

There are 34 Coal Companies that Revise Production Plans

A NUMBER of coal producers submitted a

revised work plan and budget (RKAB) in 2019. The revision was specifically related to plans to increase coal production.

The Ministry of Energy and Mineral Resources (ESDM) noted that there were 34 coal companies that submitted RKAB. The government will announce the final coal production approval figure September this year.

One thing is certain, the Ministry of ESDM will examine a number of conditions and considerations in the approval of the revised RKAB. These requirements are specifically related to the fulfillment of domestic coal obligation (DMO) out the first semester of this year.

The Director General of Mineral and Coal at the Ministry of ESDM, Bambang Gatot Ariyono, said that his party was still in the evaluation stage of the proposed revision.

"(Evaluating) the issue of complying with regulations, complying with DMOs, and environmental obligations," he said,Monday (2/9).

What is clear, the Ministry of ESDM'decision regarding the addition of coal production will be completed this month. One of the companies that submitted a revised RKAB was PT Golden Energy Mines Tbk (GEMS).

Secretary of PT Golden Energy Mines Tbk, Sudin Sudirman, admitted that his party had submitted a revised RKAB to the government. GEMS management hopes that their plans to increase production targets can be agreed by the government.

There are 34 Coal Companies that Revise Production Plans

of coal producers submitted a

revised work plan and budget (RKAB) in revision was specifically related

to plans to increase coal production.

The Ministry of Energy and Mineral Resources (ESDM) noted that there were 34 coal companies that submitted RKAB. The government will announce the final coal production approval figure in

One thing is certain, the Ministry of ESDM will examine a number of conditions and considerations in the approval of the revised RKAB. These requirements are specifically related to the fulfillment of domestic coal obligation (DMO) through-out the first semester of this year.

The Director General of Mineral and Coal at the Ministry of ESDM, Bambang Gatot Ariyono, said that his party was still in the evaluation stage of the proposed revision.

"(Evaluating) the issue of complying with regulations, complying with DMOs, and environmental obligations," he said,

What is clear, the Ministry of ESDM' decision regarding the addition of coal production will be completed this month. One of the companies that submitted a

B was PT Golden Energy Mines

Secretary of PT Golden Energy Mines Tbk, Sudin Sudirman, admitted that his party had submitted a revised RKAB to the government. GEMS management hopes that their plans to increase production

the government.

Ada 34 Perusahaan Batubara yang Merevisi Rencana Produksi

SEJUMLAH produsen batubara mengajukan

revisi rencana kerja dan anggaran biaya (RKAB) tahun 2019. Revisi tersebut khusus terkait dengan rencana peningkatanproduksi batubara.

Kementerian Energi dan Sumber Daya Mineral (ESDM) mencatat terdapat 34 perusahaan batubara yang mengajukan RKAB. Pemerintah akan mengumumkan hasil final angka persetujuan produksi batubara pada September tahun ini.

Satu hal yang pasti, Kementerian ESDM bmencermati sejumlah syarat dan pertimbangan dalam persetujuan revisi RKAB tersebut. Syarat itu khususnya terkait dengan pemenuhan pasokan batubara dalam negeri atau domestic market obligation

sepanjang semester pertama tahun ini.

Direktur Jenderal Mineral dan Batubara Kementerian ESDM, Bambang GatotAriyono, menuturkan pihaknya masih dalam tahap evaluasi atas pengajuan revisi tersebut.

"(Evaluasi) masalah peraturan, comply dengan DMOkewajiban lingkungan," ungkap dia, (2/9).

Yang terang, keputusan Kementerian ESDM terkait penambahan produksi batubara akan rampung pada bulan ini. Salah satu perusahaan yang mengajukan revisi RKAB adalah PT Golden Energy Mines Tbk (

Sekretaris PT Golden Energy Mines Tbk, Sudin Sudirman, mengakui pihaknya telah mengajukan revisi RKAB kepada pemerintah. Manajemen GEMS berharap rencana mereka untuk menambah target produksi bisa disepakati oleh pemerintah.

Page 2

Ada 34 Perusahaan Batubara yang Merevisi Rencana Produksi

produsen batubara mengajukan

revisi rencana kerja dan anggaran biaya (RKAB) tahun 2019. Revisi tersebut khusus terkait dengan rencana peningkatan

Kementerian Energi dan Sumber Daya Mineral (ESDM) mencatat terdapat 34 perusahaan batubara yang mengajukan RKAB. Pemerintah akan mengumumkan hasil final angka persetujuan produksi batu-bara pada September tahun ini.

Satu hal yang pasti, Kementerian ESDM bakal mencermati sejumlah syarat dan pertim-bangan dalam persetujuan revisi RKAB tersebut. Syarat itu khususnya terkait dengan pemenuhan pasokan batubara dalam negeri

domestic market obligation (DMO) di sepanjang semester pertama tahun ini.

enderal Mineral dan Batubara Kementerian ESDM, Bambang Gatot Ariyono, menuturkan pihaknya masih dalam tahap evaluasi atas pengajuan revisi ter-

"(Evaluasi) masalah comply dengan dengan DMO, serta

kewajiban lingkungan," ungkap dia, Senin

Yang terang, keputusan Kementerian ESDM terkait penambahan produksi batubara akan rampung pada bulan ini. Salah satu per-usahaan yang mengajukan revisi RKAB adalah PT Golden Energy Mines Tbk (GEMS).

Sekretaris PT Golden Energy Mines Tbk, Sudin Sudirman, mengakui pihaknya telah mengajukan revisi RKAB kepada peme-rintah. Manajemen GEMS berharap rencana mereka untuk menambah target produksi bisa disepakati oleh pemerintah.

IMA-Daily Update

"Until last Friday, it was approved," he said yesterday.

In the initial plan, the coal company which is incorporated in the Sinarmas Group is targeting coal production of 25 million tons to 28 million tons of coal.

However, Sudirman was still reluctant to mention the revised numbers they proposed. GEMS is developing infrastructure to increase coal production.

Likewise, PT ABM Investama Tbk (ABMM) is proposing an additional amount of coal production. "We have submitted and received an additional RKAB of 350,000 tons in 2019," Director of ABM Investama, Adrian Erlangga, told KONTAN yesterday.

Meanwhile, the initial target of national coal production was 489.12 million tons. As of June, the Ministry of ESDM recorded a national coal production of 175.8 million tons. Reporter: Ika Puspitasari, Editor: Tedy

Gumilar

Bumi Minerals Aim for Additional Income of US$300 Million

Farid Firdaus

PT BUMI Resources Minerals Tbk (BMRS),

a subsidiary of PT Bumi Resources (BUMI), is eyeing additional revenues of around US$ 300 million with a margin of US$ 100 million per year. The income comes from the start of commercial production of PT Dairi Prima Mineral (DPM) in 2021.

DPM has a zinc and tin mine in the Black Dog area, Lae Jahe, and Base Camp in North Sumatra with a concession area of hectares. Bumi Minerals holds 49% of DPM shares. While the remaining 51% is

"Until last Friday, it was sti ll not

In the initial plan, the coal company which is incorporated in the Sinarmas Group is targeting coal production of 25 million

However, Sudirman was still reluctant to revised numbers they

proposed. GEMS is developing infra-structure to increase coal production.

Likewise, PT ABM Investama Tbk (ABMM) is proposing an additional amount of coal production. "We have submitted and received an additional RKAB of 350,000

2019," Director of ABM Investama, Adrian Erlangga, told KONTAN yesterday.

Meanwhile, the initial target of national coal production was 489.12 million tons. As of June, the Ministry of ESDM recorded a national coal production of 175.8 million

er: Ika Puspitasari, Editor: Tedy

"Sampai Jumat kemarin, masih belum disetujui," kata dia, kemarin.

Pada rencana awal, perusahaan batubara yang tergabung dalam Grup Sinarmas ini membidik produksi batubara sebesar 25 juta ton hingga 28 juta ton batubara.

Namun, Sudirman masih enggan menyebutkan angka revisi yang mereka ajukan.sedang mengembangkan untuk meningkatkan produksi batubara.

Begitu pula PT ABM Investama Tbk (yang mengajukan penambahan jumlah produksi batubara. "Kami mengajukan dan sudah mendapatkan tambahan RKAB sebanyak 350.000 ton pada tahun 2019," papar Direktur ABM Investama, Adrian Erlangga kepada KONTAN, kemarin.

Adapun, target awal produksi batubara nasional sebesar 489,12 juta ton. Per Juni, Kementerian ESDM mencatat produksi batubara nasional mencapai 175,8 juta tonReporter: Ika Puspitasari, Editor: Tedy Gumilar

Bumi Minerals Aim for Additional 300 Million

Resources Minerals Tbk (BMRS),

a subsidiary of PT Bumi Resources Tbk (BUMI), is eyeing additional revenues of around US$ 300 million with a margin of US$ 100 million per year. The income comes from the start of commercial production of PT Dairi Prima Mineral

DPM has a zinc and tin mine in the Black Dog area, Lae Jahe, and Base Camp in North Sumatra with a concession area of 27,420 hectares. Bumi Minerals holds 49% of DPM

While the remaining 51% is...

Bumi Minerals Bidik Tambahan Pendapatan US$300 Ju

Farid Firdaus

PT BUMI Resources Minerals Tbk (BMRS),

anak usaha PT Bumi Resources Tbk (BUMI), mengincar tambahan pendapatan berkisar US$ 300 juta dengan margin US$ 100 juta per tahun. Pendapatan tersebut berasal dari mulai produksi komersial tambang PTPrima Mineral (DPM) tahun 2021.

DPM memiliki tambang seng dan timah di kawasan Anjing Hitam, Lae Jahe, dan Base Camp di Sumatera Utara dengan luas konsesi 27.420 hektare. Bumi Minerals menguasai 49% saham DPM.sisa 51%...

Page 3

"Sampai Jumat kemarin, masih belum disetujui," kata dia, kemarin.

Pada rencana awal, perusahaan batubara yang tergabung dalam Grup Sinarmas ini membidik produksi batubara sebesar 25 juta ton hingga 28 juta ton batubara.

Namun, Sudirman masih enggan menyebut-kan angka revisi yang mereka ajukan. GEMS

mengembangkan infrastruktur untuk meningkatkan produksi batubara.

Begitu pula PT ABM Investama Tbk (ABMM) yang mengajukan penambahan jumlah produksi batubara. "Kami mengajukan dan sudah mendapatkan tambahan RKAB

.000 ton pada tahun 2019," papar Direktur ABM Investama, Adrian Erlangga kepada KONTAN, kemarin.

Adapun, target awal produksi batubara nasional sebesar 489,12 juta ton. Per Juni, Kementerian ESDM mencatat produksi batubara nasional mencapai 175,8 juta ton. Reporter: Ika Puspitasari, Editor: Tedy Gumilar

Bumi Minerals Bidik Tambahan Pendapatan US$300 Juta

Farid Firdaus

Resources Minerals Tbk (BMRS),

anak usaha PT Bumi Resources Tbk (BUMI), mengincar tambahan pendapatan berkisar US$ 300 juta dengan margin US$ 100 juta per tahun. Pendapatan tersebut berasal dari mulai produksi komersial tambang PT Dairi Prima Mineral (DPM) tahun 2021.

DPM memiliki tambang seng dan timah di kawasan Anjing Hitam, Lae Jahe, dan Base Camp di Sumatera Utara dengan luas konsesi 27.420 hektare. Bumi Minerals menguasai 49% saham DPM. Sedangkan

IMA-Daily Update

While the remaining 51% is controlled by China Nonferrous Metal Industry's Foreign Engineering and Construction Co., Ltd. (NFC).

Bumi Resources Management said the assets are expected to be able to provide a large addition to the company's financial performance. As is known, the company controls 36% of Bumi Minerals shares.

In addition to Dairi Prima's assets, Bumi Minerals also has a gold mine asset through its subsidiary PT Citra Palu Minerals (CPM). At present, the CPM gold mining project in Poboya, Central Sulaweis in a further stage. "The company is targeting to start the trial mine production trial in the fourth quarter of 2019 and commercial production in 2021," explained Bumi Resources management in an official explanation, Monday (2/9).

For information, CPM has a mining concession area of 85,000 ha with a large metal potential in the future. The Company has prepared CPM and commercial trial plans. As planned, the company will focus copper production in Gorontalo after the gold mining project in CPM starts

Meanwhile, Bumi Minerals through PT Gorontalo Minerals pocketed a leaseforest area (IPPKH) permit for gold production activities and supporting facilities with an area of 992.2 ha in a limited production forest area in Bone Balango, Gorontalo.

The permit was obtained on July 24, 2019 through a decision of the Minister of Environment and Forestry of the Republic of Indonesia which is valid until February 26, 2049.

Funding requirements

In 2021, DPM requires expansion funds in the range of US$ 400-450 million. Bumi Resources Minerals Finance Director Fuad Helmy said,...

remaining 51% is controlled by China Nonferrous Metal Industry's Foreign Engineering and Construction Co., Ltd.

Bumi Resources Management said the assets are expected to be able to provide a large addition to the company's financial

is known, the company controls 36% of Bumi Minerals shares.

In addition to Dairi Prima's assets, Bumi Minerals also has a gold mine asset through its subsidiary PT Citra Palu Minerals (CPM). At present, the CPM gold mining project in Poboya, Central Sulawesi is in a further stage. "The company is

mine production trial in the fourth quarter of 2019 and commercial production in 2021," explained Bumi Resources management in an official

M has a mining 85,000 ha with a large

metal potential in the future. The Company has prepared CPM and commercial trial plans. As planned, the company will focus copper production in Gorontalo after the gold mining project in CPM starts.

Meanwhile, Bumi Minerals through PT Gorontalo Minerals pocketed a lease-to-use forest area (IPPKH) permit for gold production activities and supporting

992.2 ha in a limited production forest area in Bone

The permit was obtained on July 24, 2019 through a decision of the Minister of Environment and Forestry of the Republic of Indonesia which is valid until February

In 2021, DPM requires expansion funds in 450 million. Earlier,

Bumi Resources Minerals Finance Director

Sedangkan sisa 51% dikuasai oleh China Nonferrous Metal Industry’s Foreign Engineering and Construction Co, Ltd. (NFC).

Manajemen Bumi Resources mengatakan, aset tersebut diperkirakan mampu memberikan tambahan besar bagi kinerja keuangan perseroan. Sebagaimana diketahui perseroan menguasai 36% saham Bumi Minerals.

Selain aset Dairi Prima, Bumi Minerals juga memiliki aset tambang emas melalui anak usahanya PT Citra Palu Mineraini, proyek tambang emas CPM di Poboya, Sulawesi Tengah dalam tahap lebih lanjut. “Perseroan menargetkan memulai uji produksi (trial production

sebut pada kuartal IVkomersial tahun 2021,” jelas manajemen Bumi Resources dalam penjelasan resmi, Senin (2/9).

Sebagai informasi, CPM memiliki konsesi tambang seluas 85.000 ha dengan potensi logam yang besar pada masa mendatang. Perseroan telah menyusun rencana uji coba dan komersial CPM. Sesuai rencana, perseroan akan fokus produksi tembaga di Gorontalo setelah proyek tambang emas di CPM mulai.

Adapun, Bumi Minerals melalui PTGorontalo Minerals mengantongi izin pinjam pakai kawasan hutan (IPPKH) untuk kegiatan produksi emas dan sarana penunjangnya dengan luas area 992pada kawasan hutan produksi terbatas di Bone Balango, Gorontalo.

Izin tersebut diperoleh pada 24 Juli 2019 melalui keputusan Menteri Lingkungan Hidup dan Kehutanan Republik Indonesia yang berlaku sampai 26 Februari 2049.

Kebutuhan dana

Pada 2021, DPM membutuhkan danaekspansi berkisar US$ 400Sebelumnya, Direktur Keuangan Bumi Resources Minerals Fuad Helmymengatakan,...

Page 4

Sedangkan sisa 51% dikuasai oleh China Nonferrous Metal Industry’s Foreign Engineering and Construction Co, Ltd. (NFC).

Manajemen Bumi Resources mengatakan, aset perkirakan mampu memberikan

tambahan besar bagi kinerja keuangan perseroan. Sebagaimana diketahui perseroan menguasai 36% saham Bumi Minerals.

Selain aset Dairi Prima, Bumi Minerals juga memiliki aset tambang emas melalui anak usahanya PT Citra Palu Minerals (CPM). Saat ini, proyek tambang emas CPM di Poboya, Sulawesi Tengah dalam tahap lebih lanjut. “Perseroan menargetkan memulai uji

trial production) tambang ter-sebut pada kuartal IV-2019 dan produksi komersial tahun 2021,” jelas manajemen

Resources dalam penjelasan resmi,

Sebagai informasi, CPM memiliki konsesi tambang seluas 85.000 ha dengan potensi logam yang besar pada masa mendatang. Perseroan telah menyusun rencana uji coba dan komersial CPM. Sesuai rencana,

fokus produksi tembaga di Gorontalo setelah proyek tambang emas di

Adapun, Bumi Minerals melalui PT Gorontalo Minerals mengantongi izin pinjam pakai kawasan hutan (IPPKH) untuk kegiatan produksi emas dan sarana penunjangnya dengan luas area 992,2 ha pada kawasan hutan produksi terbatas di Bone Balango, Gorontalo.

Izin tersebut diperoleh pada 24 Juli 2019 melalui keputusan Menteri Lingkungan Hidup dan Kehutanan Republik Indonesia yang berlaku sampai 26 Februari 2049.

membutuhkan dana ekspansi berkisar US$ 400-450 juta.

Direktur Keuangan Bumi Resources Minerals Fuad Helmy

IMA-Daily Update

Earlier, Bumi Resources Minerals Finance

Director Fuad Helmy said, 80% of the DPM

expansion funds would come from bank loans, and the remaining 20%

company's equity together with NFC. With

NFC, the company hopes to get funding at a

low cost from Chinese banks.

As planned, the DPM mine is expected to

be able to produce 250 thousand tons of ore in 2021, and will continue to increase

in the following year. This mine has 11.5%

zinc content and 6.8% lead.

Noted, the total DPM mining resources

reached 25 million tons with details, 8

million tons of Black Dogs, Lae Ginger 16 million tons, and Base Camp 0.8 million

tons. The company has obtained a

production permit from the government in

December 2017 with a production period

of 30 years.

This year, Bumi Minerals focuses on reducing the debt burden to achieve

positive performance. The reason is that

until the first semester of 2019, there were

no project projects that started production.

Bumi Resources Minerals Director and

Investor Relations Herwin W Hidayat once said, meanwhile, the company's revenue

came from mining consulting services for

affiliated and non-affiliated compa

Late last year, Bumi Minerals was noted to

be able to repay debt to Credit Suisse AG

worth US$ 107.18 million. The repayment fund comes from the sale compensation of

51% of DPM shares to NFC in September

2018.

At present, the company still has a debt

US$ 53.99 million to Wexler Capital Pte

Ltd. For information, Wexler Capital is one of Bumi Minerals' shareholders of 10.11%

as of 2 May 2019.

Earlier, Bumi Resources Minerals Finance

Director Fuad Helmy said, 80% of the DPM

expansion funds would come from bank ns, and the remaining 20% of the

company's equity together with NFC. With

NFC, the company hopes to get funding at a

As planned, the DPM mine is expected to

be able to produce 250 thousand tons of ue to increase

in the following year. This mine has 11.5%

Noted, the total DPM mining resources

reached 25 million tons with details, 8

million tons of Black Dogs, Lae Ginger 16 million tons, and Base Camp 0.8 million

company has obtained a

production permit from the government in

December 2017 with a production period

This year, Bumi Minerals focuses on reducing the debt burden to achieve

positive performance. The reason is that

2019, there were

no project projects that started production.

Bumi Resources Minerals Director and

Investor Relations Herwin W Hidayat once said, meanwhile, the company's revenue

came from mining consulting services for

affiliated companies.

Late last year, Bumi Minerals was noted to

be able to repay debt to Credit Suisse AG

worth US$ 107.18 million. The repayment fund comes from the sale compensation of

51% of DPM shares to NFC in September

At present, the company still has a debt of

US$ 53.99 million to Wexler Capital Pte

Ltd. For information, Wexler Capital is one of Bumi Minerals' shareholders of 10.11%

Sebelumnya, Direktur Keuangan Bumi Resources Minerals Fuad Helmy mengatakan, 80% dana ekspansi DPM bakal bersumber dari pinjaman bank, dan sisa 20% dari ekuitas perseroan bersama NFC. Dengan adanya NFC, perseroan berharap dapat mendapatkan pendanaan dengan ongkos yang murah dari bankTiongkok.

Sesuai rencana, tambang milik DPM diharapkan mampu memproduksi ton bijih di 2021, dan terus meningkat di tahun berikutnya. Tambang ini memiliki kadar seng 11,5% dan timah hitam 6,8%.

Tercatat, total sumber daya tambang DPM mencapai 25 juta ton dengan rincian, Anjing Hitam 8 juta ton, Lae Jahe 16 juta ton, dan Base Camp 0,8 juta ton. Perseroan telah mengantongi izin produksi dari pemerintah pada Desember 2017 dengan masa produksi selama 30 tahun.

Tahun ini, Bumi Minerals fokus kepada penurunan beban utang demi mencapai kinerja positif. Pasalnya, hingga semester2019 tercatat belum ada proyek perseroan yang memulai produksi.

Director and Investor Relation

Resources Minerals Herwin W Hidayat pernah mengatakan, sementara ini, pendapatan perseroan berasal dari jasa konsultasi tambang untuk perusahaan terafiliasi dan tidak terafiliasi.

Akhir tahun lalu, Bumi Minerals tercatat mampu melunasi hutang ke Credit Suisse AG senilai US$ 107,18 juta. Dana pelunasan berasal dari kompensasi penjualan 51% saham DPM kepada NFC di September 2018.

Saat ini, perseroan masih mesenilai US$ 53,99 juta kepada Wexler Capital Pte Ltd. Sebagai informasi, Wexler Capital merupakan salah satu pemegang saham Bumi Minerals sebanyak 10,11% per 2 Mei 2019.

Page 5

Sebelumnya, Direktur Keuangan Bumi Resources Minerals Fuad Helmy mengata-kan, 80% dana ekspansi DPM bakal

sumber dari pinjaman bank, dan sisa 20% dari ekuitas perseroan bersama NFC. Dengan adanya NFC, perseroan berharap dapat mendapatkan pendanaan dengan ongkos yang murah dari bank-bank

Sesuai rencana, tambang milik DPM di-harapkan mampu memproduksi 250 ribu ton bijih di 2021, dan terus meningkat di tahun berikutnya. Tambang ini memiliki kadar seng 11,5% dan timah hitam 6,8%.

Tercatat, total sumber daya tambang DPM mencapai 25 juta ton dengan rincian, Anjing Hitam 8 juta ton, Lae Jahe 16 juta

Base Camp 0,8 juta ton. Perseroan telah mengantongi izin produksi dari pemerintah pada Desember 2017 dengan masa produksi selama 30 tahun.

Tahun ini, Bumi Minerals fokus kepada penurunan beban utang demi mencapai kinerja positif. Pasalnya, hingga semester I-2019 tercatat belum ada proyek perseroan yang memulai produksi.

Director and Investor Relation Bumi Resources Minerals Herwin W Hidayat pernah mengatakan, sementara ini, pendapatan perseroan berasal dari jasa konsultasi tambang untuk perusahaan

asi dan tidak terafiliasi.

Akhir tahun lalu, Bumi Minerals tercatat mampu melunasi hutang ke Credit Suisse AG senilai US$ 107,18 juta. Dana pelunasan berasal dari kompensasi penjualan 51% saham DPM kepada NFC di September

Saat ini, perseroan masih memiliki hutang senilai US$ 53,99 juta kepada Wexler Capital Pte Ltd. Sebagai informasi, Wexler Capital merupakan salah satu pemegang saham Bumi Minerals sebanyak 10,11%

IMA-Daily Update

According to Herwin, the company is still negotiating with Wexler Capitaadmitted that the debt settlement with Wexler was not carried out in a hurry because Wexler gave a large amount of time.

Various schemes were also reviewed, including debt to equity swaps or waiting for the company's mines to produce so that debts could be paid off in installments. "After paying off Credit Suisse's debt, the company's debt to equity ratio (DER) position is quite good, which is 16% of

total capital," he said.♦

Nickel Exports Stopped, Bauxite and Copper Concentrates Still

Allowed By: Ni Putu Eka Wiratmini

THE MINISTRY of Energy and Mineral

Resources (ESDM) ensures the acceleration of the ban on mineral exports with certain criteria only applied to nickel ore.

As for previously, the ban on nickel exports had been carried out in 2014. However, the government re-opened the export tap through Government Regulation (PP) Number 1 of 2017 concerning the Fourth Amendment to Government Regulation Number 23 of 2010 concerning Imentation of Mineral and Coal Mining Business Activities and Regulation of the Minister of Energy and Mineral Resources its derivatives.

The mineral export policy with more specific criteria is regulated in ESDM Regulation (Permen) No. 5 of 2017 conceincreasing mineral value added through domestic processing and refining activities.

According to Herwin, the company is still negotiating with Wexler Capital. He admitted that the debt settlement with Wexler was not carried out in a hurry because Wexler gave a large amount of

Various schemes were also reviewed, including debt to equity swaps or waiting for the company's mines to produce so that

uld be paid off in installments. "After paying off Credit Suisse's debt, the company's debt to equity ratio (DER) position is quite good, which is 16% of

Menurut Herwin, perseroan masih melakukan negosiasi dengan pihak Wexler Pihaknya mengaku penyelesaian utang dengan Wexler tidak dilakukan secara tergesa-gesa lantaran pihak Wexler memberikan waktu yang luas.

Berbagai skema pun dikaji, termasuk to equity swap ataupun menunggutambang-tambang perseroan berproduksisehingga utang bisa dilunasi dengan cara dicicil. “Setelah pelunasan utang Credit Suisse, posisi debt to equity ratio

perseroan cukup baik, yakni 16% dari total

modal,” kata dia.♦

ports Stopped, Bauxite and Copper Concentrates Still

By: Ni Putu Eka Wiratmini

of Energy and Mineral

Resources (ESDM) ensures the acceleration of the ban on mineral exports with certain criteria only applied to nickel ore.

previously, the ban on nickel exports had been carried out in 2014. However, the

opened the export tap through Government Regulation (PP) Number 1 of 2017 concerning the Fourth Amendment to Government Regulation Number 23 of 2010 concerning Imple-mentation of Mineral and Coal Mining Business Activities and Regulation of the Minister of Energy and Mineral Resources

The mineral export policy with more specific criteria is regulated in ESDM Regulation (Permen) No. 5 of 2017 concerning increasing mineral value added through domestic processing and refining activities.

Ekspor Nikel Disetop, Bauksit dan Konsentrat Tembaga Masih

MelenggangOleh : Ni Putu Eka Wiratmini

KEMENTERIAN Energi dan Sumber Daya

Mineral (ESDM) memastikan percepatan pelarangan ekspor mineral dengan kriteria tertentu hanya diterapkan pada bijih nikel.

Adapun sebelumnya, pelarangan ekspor nikel sudah dilakukan pada 2014. Namupemerintah kembali membuka keran ekspor lewat Peraturan Pemerintah (PP) Nomor 1 Tahun 2017 tentang Perubahan Keempat atas Peraturan Pemerintah Nomor 23 Tahun 2010 tentang Pelaksanaan Kegiatan Usaha Pertambangan Mineral dan Batubara dan Peraturan Menteri ESDM turunannya.

Kebijakan ekspor mineral dengan kriteria khusus lebih rinci diatur dalam Permen ESDM Nomor 5 Tahun 2017 tentang peningkatan nilai tambah mineral melalui kegiatan pengolahan dan pemurnian di dalam negeri.

Page 6

Menurut Herwin, perseroan masih melaku-kan negosiasi dengan pihak Wexler Capital. Pihaknya mengaku penyelesaian utang dengan Wexler tidak dilakukan secara

gesa lantaran pihak Wexler mem-berikan waktu yang luas.

Berbagai skema pun dikaji, termasuk debt

ataupun menunggu tambang perseroan berproduksi

sehingga utang bisa dilunasi dengan cara dicicil. “Setelah pelunasan utang Credit

posisi debt to equity ratio (DER) perseroan cukup baik, yakni 16% dari total

Ekspor Nikel Disetop, Bauksit dan Konsentrat Tembaga Masih

Melenggang Ni Putu Eka Wiratmini

Energi dan Sumber Daya

Mineral (ESDM) memastikan percepatan pelarangan ekspor mineral dengan kriteria tertentu hanya diterapkan pada bijih nikel.

Adapun sebelumnya, pelarangan ekspor nikel sudah dilakukan pada 2014. Namun, pemerintah kembali membuka keran ekspor lewat Peraturan Pemerintah (PP) Nomor 1 Tahun 2017 tentang Perubahan Keempat atas Peraturan Pemerintah Nomor 23 Tahun 2010 tentang Pelak-sanaan Kegiatan Usaha Pertambangan Mineral dan Batubara dan Peraturan

i ESDM turunannya.

Kebijakan ekspor mineral dengan kriteria khusus lebih rinci diatur dalam Permen ESDM Nomor 5 Tahun 2017 tentang peningkatan nilai tambah mineral melalui kegiatan pengolahan dan pemurnian di

IMA-Daily Update

Article 10 of the regulation stmining entrepreneurs who have fulfilled domestic nickel utilization through the construction of smelters, can sell nickel with a low grade (less than 1.7 percent) in a certain amount no later than 5 years from the enactment of the Permen.

Unlike the condition with nickel, bauxite sales that have been washed (washed bauxite) abroad can still be done until January 2022. Likewise mineralconcentrates and anode sludge.

"Bauxite, copper continues to runaccording to the old rules until 2022," said Director General of Mineral and Coal at the Ministry of ESDM Bambang Gatot Ariyono, Monday (2/9/2019).

Based on the latest data received by Bisnis, mines for the construction of refineries and refineries until 2022 only occur in bauxite with an additional 4 smelters. Meanwhile, copper, there has been no additional smelter construction.

"The consideration is that there are only two smelters of bauxite and copper each, so they will continue to follow the old rulesof [exports] until 2022," he said. Lucky Leonard

Until the end of 2019, the nickel ore export is projected to reach

20 million tonsRio Indrawan

THE GOVERNMENT has set the export of

nickel ore to lower levels below 1.7% only until the end of December 2019. Nickel ore producers are also projected to use the remaining time to boost production and exports.

Article 10 of the regulation states that mining entrepreneurs who have fulfilled domestic nickel utilization through the construction of smelters, can sell nickel with a low grade (less than 1.7 percent) in a certain amount no later than 5 years from the enactment of the Permen.

the condition with nickel, bauxite sales that have been washed (washed bauxite) abroad can still be done until January 2022. Likewise mineral concentrates and anode sludge.

"Bauxite, copper continues to run according to the old rules until 2022," said Director General of Mineral and Coal at the Ministry of ESDM Bambang Gatot Ariyono,

Based on the latest data received by Bisnis, mines for the construction of refineries

2022 only occur in bauxite with an additional 4 smelters. Meanwhile, copper, there has been no additional smelter construction.

"The consideration is that there are only two smelters of bauxite and copper each, so they will continue to follow the old rules of [exports] until 2022," he said. Editor:

Pasal 10 beleid tersebut mengatakan pengusaha tambang yang telah memenuhi pemanfaatan nikel dalam negeri lewat pembangunan smelter, dapat melakukan penjualan nikel dengan kadar rendah (kurang dari 1,7 persen) dalam jumlah tertentu paling lama 5 tahun sejak berlakunya permen tersebut.

Berbeda kondisinya dengan nikel, penjualan bauksit yang telah dilakukan pencucian (washed bauxite) ke luar negeri tetap dapat dilakukan hingga Januari 2022. Begitu jugkonsentrat mineral dan lumpur anoda.

"Bauksit, tembaga tetap berjalan sesuai aturan lama sampai 2022," kata Direktur Jenderal Mineral dan Batubara Kementerian ESDM Bambang Gatot Ariyono, Senin (2/9/2019).

Berdasarkan data terakhir yang diterima Bisnis, tambang pembangunan pabrik pengolahan dan pemurnian hingga 2022 hanya terjadi pada komoditas bauksit dengan tambahan 4 smelter. Sementara, tembaga, belum ada tambahan pembangunan smelter.

"Pertimbangnnya, bauksit dan tembaga masing-masing baru dua smeltberjalan mengikuti aturan lama yakni [ekspor] sampai 2022," katanya. Lucky Leonard

Until the end of 2019, the nickel ore export is projected to reach

20 million tons

has set the export of

nickel ore to lower levels below 1.7% only until the end of December 2019. Nickel ore producers are also projected to use the remaining time to boost production and

Hingga Akhir 2019, Ekspor Bijih Nikel Diproyeksi Tembus 20

Juta TonRio Indrawan

PEMERINTAH telah menetapkan

bijih nikel (nikel ore) untuk kadar rendah dibawah 1,7% hanya sampai akhir Desember 2019. Produsen bijih nikel pun diproyeksi akan memanfaatkan waktu tersisa untuk menggenjot produksi dan ekspor.

Page 7

Pasal 10 beleid tersebut mengatakan pengusaha tambang yang telah memenuhi pemanfaatan nikel dalam negeri lewat pembangunan smelter, dapat melakukan penjualan nikel dengan kadar rendah

1,7 persen) dalam jumlah tertentu paling lama 5 tahun sejak berlaku-

Berbeda kondisinya dengan nikel, penjualan bauksit yang telah dilakukan pencucian

) ke luar negeri tetap dapat dilakukan hingga Januari 2022. Begitu juga konsentrat mineral dan lumpur anoda.

"Bauksit, tembaga tetap berjalan sesuai aturan lama sampai 2022," kata Direktur Jenderal Mineral dan Batubara Kementerian ESDM Bambang Gatot Ariyono, Senin

Berdasarkan data terakhir yang diterima tambang pembangunan pabrik peng-

olahan dan pemurnian hingga 2022 hanya terjadi pada komoditas bauksit dengan tambahan 4 smelter. Sementara, tembaga, belum ada tambahan pembangunan smelter.

"Pertimbangnnya, bauksit dan tembaga masing baru dua smelter, jadi tetap

berjalan mengikuti aturan lama yakni [ekspor] sampai 2022," katanya. Editor :

Hingga Akhir 2019, Ekspor Bijih el Diproyeksi Tembus 20

Juta Ton Rio Indrawan

telah menetapkan ekspor

bijih nikel (nikel ore) untuk kadar rendah di-bawah 1,7% hanya sampai akhir Desember 2019. Produsen bijih nikel pun diproyeksi akan memanfaatkan waktu tersisa untuk menggenjot produksi dan ekspor.

IMA-Daily Update

Data from the Ministry of Energy and Mineral Resources (ESDM) until July realized nickel ore exports were more than 50% of the recommendations submitted by mining companies. "This year, up to July, 13,263,907 tons have been exported," said Yunus Saefulhak, Director of Mineral Exploitation of the Ministry of Energy and Mineral Resources (ESDM) after a press conference in Jakarta, Monday (2/9).

This year the government's exportrecommendations reached 23,649,136 tons. The number actually decreased compared to the recommendations given in 2018 of 28,006,956 tons.

According to Yunus, the realization of exports this year will not decline or at least the same as last year, which reached 20,091,198 tons. "This year, the estimates are around 20 million tons," Yunus said.

Bambang Gatot Ariyono, Director General of Mineral and Coal at the Ministry of ESDM, said that since the export ban was imposed in 2017, the government had given an export recommendation of 76 million tons, but the realization was not up to 50%. "The realization was 38.2 million tons from January 2017 to July 2019," said Bambang.

He added that the government did not immediately stop the export of low grade nickel, because it was still given a transition period of approximately four months. While developing an operational strategy next year, nickel producers are still allowed to export until the end of this year.

"We are notifying the transition period of four months to 31 December. Do not stop immediately, there is time. So you have to adjust everything," he said.

The government considers that theacceleration of the export ban must be pursued because the amount of nickel reserves has not changed. In the current data,...

Data from the Ministry of Energy and Mineral Resources (ESDM) until July realized nickel ore exports were more than 50% of the recommendations submitted by mining companies. "This year, up to July,

exported," said Yunus Saefulhak, Director of Mineral Exploitation of the Ministry of Energy and Mineral Resources (ESDM) after a press conference in Jakarta, Monday (2/9).

This year the government's export recommendations reached 23,649,136 tons.

r actually decreased compared to the recommendations given in 2018 of

According to Yunus, the realization of exports this year will not decline or at least the same as last year, which reached 20,091,198 tons. "This year, the estimates

around 20 million tons," Yunus said.

Bambang Gatot Ariyono, Director General of Mineral and Coal at the Ministry of ESDM, said that since the export ban was imposed in 2017, the government had given an export recommendation of 76 million

lization was not up to 50%. "The realization was 38.2 million tons from January 2017 to July 2019," said Bambang.

He added that the government did not immediately stop the export of low grade nickel, because it was still given a transition

imately four months. While developing an operational strategy next year, nickel producers are still allowed to export until the end of this year.

"We are notifying the transition period of four months to 31 December. Do not stop

So you have to

The government considers that the acceleration of the export ban must be pursued because the amount of nickel

In the current

Data Kementerian Energi dan Sumber Daya Mineral (ESDM) hingga Juli realisasi ekspor bijih nikel sudah lebih 50% dari rekomendasi yang diajukan perusahaan tambang. “Tahun ini hingga Juli itu yang diekspor sudah 13.263.907 ton,” kata Yunus Saefulhak, Direktur Pembinaan Pengusahaan Mineral Kementerian EnergDaya Mineral (ESDM) usai konferensi pers di Jakarta, Senin (2/9).

Pada tahun ini rekomendasi ekspor yang diberikan pemerintah mencapai 23.649.136 ton. Jumlah tersebut sebenarnya menurun dibanding rekomendasi yang diberikan pada 2018 sebesar 28.006.956 ton.

Menurut Yunus, realisasi ekspor tahun ini tidak akan menurun atau minimal sama seperti tahun lalu yang realisasinya mencapai 20.091.198 ton. “Tahun ini ya kurang lebih sama perkiraannya sekitar 20 juta ton,” ujar Yunus.

Bambang Gatot AriyonoMinerba Kementerian ESDM, menuturkan sejak larangan ekspor diberlakukan pada 2017, pemerintah sudah memberikan rekomendasi ekspor 76 juta ton, akan tetapi realisasinya tidak sampai 50%. “Realisasinya 38,2 juta ton sejak Januari 2017 sdengan Juli 2019,” ungkap Bambang.

Dia menambahkan pemerintah tidak serta merta memberhentikan ekspor nikel kadar rendah, karena itu tetap diberikan masa transisi selama kurang lebih empat bulan. Sambil menyusun strategi operasi pada tahun depan, para produsen nikel masih boleh melakukan ekspor hingga akhir tahun ini.

“Kami beritahu masa transisi empat bulan sampai 31 Desember. ada waktu. Sehingga harus menyesuaikan semuanya,” ujarnya.

Pemerintah menilai bahwa percepatan larangan ekspor harus ditempuh lantaran jumlah cadangan nikel tidak mengalami perubahan. Dalam data yang ada sekarang

Page 8

Data Kementerian Energi dan Sumber Daya DM) hingga Juli realisasi ekspor

bijih nikel sudah lebih 50% dari rekomen-dasi yang diajukan perusahaan tambang. “Tahun ini hingga Juli itu yang diekspor sudah 13.263.907 ton,” kata Yunus Saefulhak, Direktur Pembinaan Pengusaha-an Mineral Kementerian Energi dan Sumber Daya Mineral (ESDM) usai konferensi pers

Pada tahun ini rekomendasi ekspor yang diberikan pemerintah mencapai 23.649.136 ton. Jumlah tersebut sebenarnya menurun dibanding rekomendasi yang diberikan pada

.006.956 ton.

Menurut Yunus, realisasi ekspor tahun ini tidak akan menurun atau minimal sama seperti tahun lalu yang realisasinya men-capai 20.091.198 ton. “Tahun ini ya kurang lebih sama perkiraannya sekitar 20 juta

Bambang Gatot Ariyono, Direktur Jenderal Minerba Kementerian ESDM, menuturkan sejak larangan ekspor diberlakukan pada 2017, pemerintah sudah memberikan reko-mendasi ekspor 76 juta ton, akan tetapi realisasinya tidak sampai 50%. “Realisasi-nya 38,2 juta ton sejak Januari 2017 sampai dengan Juli 2019,” ungkap Bambang.

Dia menambahkan pemerintah tidak serta merta memberhentikan ekspor nikel kadar rendah, karena itu tetap diberikan masa transisi selama kurang lebih empat bulan. Sambil menyusun strategi operasi pada tahun

a produsen nikel masih boleh melakukan ekspor hingga akhir tahun ini.

“Kami beritahu masa transisi empat bulan sampai 31 Desember. Tidak langsung stop,

ehingga harus menyesuaikan

Pemerintah menilai bahwa percepatan ekspor harus ditempuh lantaran

jumlah cadangan nikel tidak mengalami Dalam data yang ada sekarang...

IMA-Daily Update

In the current data, there are 698 million tons that can be mined. With the current number of smelters totaling 11 factories and currently in the process of building as many as 25 factories, these reserves must be secured to meet domestic needs so that they can be further processed.

"The nickel smelter input capacity is 81 million tons, from the 36 smelters, 11 existing ones plus 25 smelters under construction," said Bambang. (RI)

ESDM: Nickel Exports Ban Speed up the Electric Car Industry

Rangga Prakoso/WBP


Resources (ESDM) revealed that one of the considerations is the ban on the export of low grade nickel ore in early 2020 to support the acceleration of the domestic electric car industry. There are four smelter refining facility projects on nickel ore as a component of electric vehicle batteries. The four projects are targeted to be completed in 2021.

ESDM Ministry's Mineral and Coal Director General Bambang Gatot said that the latest technological developments have been able to process low grade nickel ore into battery components for electric vehicles.

"Four major projects are underconstruction which carry out lownickel processes containing cobalt and lithium," Bambang Gatot said in Jakarta on Monday (2/9).

Bambang revealed that the four projects were worked on by PT Huayue Nickle Cobalt who was in the IMIP Industrial Park, Morowali, Central Sulawesi.

In the current data, there are 698 million tons that can be mined. With the current number of smelters totaling 11 factories

he process of building as many as 25 factories, these reserves must be secured to meet domestic needs so that

"The nickel smelter input capacity is 81 million tons, from the 36 smelters, 11 existing ones plus 25 smelters under

(RI)

Dalam data yang ada sekarang jumlahnya yang bisa ditambang tersisa 698 juta ton. Dengan jumlah smelter berjumlah 11 pabrik dan yang sedang proses pembangunan sebanyak 25 pabrik, maka cadangan tersebut harus diamankan untuk memenuhi kebutuhan dalam negeri sehigga bisa diolah lebih lanjut.

“Kapasitas input smelter nikel 81 juta tonitu dari 36 smelter, ditambah 25 smelter yang sedang dibangun,” kata Bambang.

ESDM: Nickel Exports Ban Speed up the Electric Car Industry

Rangga Prakoso/WBP

Energy and Mineral

Resources (ESDM) revealed that one of the considerations is the ban on the export of low grade nickel ore in early 2020 to support the acceleration of the domestic electric car industry. There are four smelter refining facility projects that work on nickel ore as a component of electric vehicle batteries. The four projects are targeted to be completed in 2021.

ESDM Ministry's Mineral and Coal Director General Bambang Gatot said that the latest technological developments have been

process low grade nickel ore into battery components for electric vehicles.

"Four major projects are under construction which carry out low-grade nickel processes containing cobalt and lithium," Bambang Gatot said in Jakarta on

ed that the four projects were worked on by PT Huayue Nickle Cobalt who was in the IMIP Industrial Park,

ESDM: Larangan Ekspor Nikel Percepat Industri Mobil Listrik

Rangga Prakoso/WBP


Mineral (ESDM) mengungkapkan salah satu pertimbangan pelarangan ekspor bijih nikel kadar rendah di awal 2020 guna mendukung percepatan industri mobil listrik di dalam negeri. Tercatat ada empat proyek fasilitas pemurnian smelter yang menggarap bijih nikel menjadi komponen baterai kendaraan listrik. Keempat proyek itu ditargetkan rampung pada 2021 mendatang

Direktur Jenderal Mineral dan Batu Bara Kementerian ESDM Bambang Gatot mengatakan perkembangan teknologi terkini sudah mampu mengolah bijih nikel kadar rendah menjadi komponen baterai kendaraan listrik.

"Sedang dibangun empat proyek besar yang melakukan proses nikel kadar rendah yang mengandung kobalt dan lithium," kata Bambang Gatot di Jakarta, Senin (2/9).

Bambang mengungkapkan keempat proyek itu digarap oleh PT Huayue Nickle Cobalt yang berada di IMIP Industrial Park, Morowali, Sulawesi Tengah.

Page 9

Dalam data yang ada sekarang jumlahnya yang bisa ditambang tersisa 698 juta ton. Dengan jumlah smelter yang ada saat ini berjumlah 11 pabrik dan yang sedang proses pembangunan sebanyak 25 pabrik, maka cadangan tersebut harus diamankan untuk memenuhi kebutuhan dalam negeri sehigga bisa diolah lebih lanjut.

“Kapasitas input smelter nikel 81 juta ton, 11 yang sudah ada

ditambah 25 smelter yang sedang di-bangun,” kata Bambang. (RI)

ESDM: Larangan Ekspor Nikel Percepat Industri Mobil Listrik

Rangga Prakoso/WBP


(ESDM) mengungkapkan salah satu pertimbangan pelarangan ekspor bijih nikel kadar rendah di awal 2020 guna mendukung percepatan industri mobil listrik di dalam negeri. Tercatat ada empat proyek fasilitas pemurnian smelter yang menggarap bijih

komponen baterai kendaraan listrik. Keempat proyek itu ditargetkan rampung pada 2021 mendatang

Direktur Jenderal Mineral dan Batu Bara Kementerian ESDM Bambang Gatot menga-takan perkembangan teknologi terkini sudah mampu mengolah bijih nikel kadar

menjadi komponen baterai ken-

"Sedang dibangun empat proyek besar yang melakukan proses nikel kadar rendah yang mengandung kobalt dan lithium," kata Bambang Gatot di Jakarta, Senin (2/9).

Bambang mengungkapkan keempat proyek PT Huayue Nickle Cobalt

yang berada di IMIP Industrial Park, Morowali, Sulawesi Tengah.

IMA-Daily Update

The project absorbs 11 million tons of nickel ore per year with an investment of US$ 1.28 billion. The output capacity is 60,000 tons of Ni per year and 7,800 tons of cobalt.

The next project is owned by PT QMB New Energy Material in the same area as Huayue Nickel Cobalt. The smelter requires 5 million tons of nickel ore per year with an output capacity of 50,000 tons of Ni per year and 4,000 tons of cobalt. The smelterreached US$ 998.47 million.

The next project, said Bambang, was worked on by PT Harita Prima Abadi Mineral (HPAM) on behalf of PT Halmahera Persada Lygend with one of the shareholders of Harita Group (PT Trimegah BangunPersada). The smelter input capacity is 8.3 million wet tons of nickel ore per year.

While the output of 278,534 tons is in the form of mixed hydroxide precipate (MHP), nickel sulfate and cobalt sulfate. The investment reached US$ 10.61 billion. The fourth project is PT Smelter NIndonesia with an input of 2.4 million wet tons of nickel ore per year. An output capacity of 76,500 tonnes of MHP, nickel sulfate and cobalt sulfate. "The total need for low grade nickel in 2021 reaches 27 million

tons per year," said Bambang Gatot.

Ministry of ESDM: The export of nickel is not enough to build a

smelter

THE GOVERNMENT officially accelerates

the ban on the export of nickel ores and will take effect on January 1, 2020. The acceleration of the export ban has drawn criticism from several parties.

The project absorbs 11 million tons of nickel ore per year with an investment of US$ 1.28 billion. The output capacity is 60,000 tons of

cobalt.

The next project is owned by PT QMB New Energy Material in the same area as Huayue Nickel Cobalt. The smelter requires 5 million tons of nickel ore per year with an output capacity of 50,000 tons of Ni per year and 4,000 tons of cobalt. The smelter investment

The next project, said Bambang, was worked on by PT Harita Prima Abadi Mineral (HPAM) on behalf of PT Halmahera Persada Lygend with one of the shareholders of Harita Group (PT Trimegah Bangun

put capacity is 8.3 million wet tons of nickel ore per year.

While the output of 278,534 tons is in the form of mixed hydroxide precipate (MHP), nickel sulfate and cobalt sulfate. The investment reached US$ 10.61 billion. The fourth project is PT Smelter Nickel Indonesia with an input of 2.4 million wet tons of nickel ore per year. An output capacity of 76,500 tonnes of MHP, nickel sulfate and cobalt sulfate. "The total need for low grade nickel in 2021 reaches 27 million

tons per year," said Bambang Gatot.♦

Proyek ini menyerap 11 juta ton bijih nikel per tahun dengan investasi US$ 1,28 miliar. Adapun kapasitas output yakni 60.000 ton Ni per tahun dan 7.800 ton kobalt.

Proyek berikutnya dimiliki PT QMB New Energy Material yang berada di satu kawasan dengan Huayue Nickel Cobalt. Smelter ini membutuhkan 5 juta ton bijih nikel per tahun dengan kapasitas output 50.000 ton Ni per tahun dan 4.000 ton kobalt. Investasi smelter ini mencapai US$ 998,47 juta.

Proyek selanjutnya, kata Bambang, digarap oleh PT Harita Prima Abadi Mineral (HPAM) atas nama PT Halmahera Persada Lygend dengan salah satu pemilik saham dari Harita Group (PT Trimegah Bangun Persada). Kapasitas input smelter ini 8,3 juta wet ton bijih nikel per tahun.

Sementara output 278.534 ton dalam bentuk mixed hydroxide precipate (MHP), nikel sulfat dan kobalt sulfat. Investasinya mencapai US$ 10,61 miliar. Proyek yang keempat yakni PT Smelter Nikel Indonesia dengan input 2,4 juta wet ton bijih nikel per tahun. Kapasitas output 76.500 ton MHP, nikel sulfat dan kobalt sulfat. "Total kebutuhan nikel kadar rendah pada 2021 mencapai 27 juta ton per tahun," ujar

Bambang Gatot.♦

Ministry of ESDM: The export of nickel is not enough to build a

officially accelerates

the ban on the export of nickel ores and will take effect on January 1, 2020. The acceleration of the export ban has drawn

Kementerian ESDM: Hasil ekspor nikel tak cukup untuk

bangun smelter

PEMERINTAH resmi mempercepat

larangan ekspor bijih nikel atau nikel ore dan mulai berlaku pada 1 Januari 2020 mendatang. Percepatan larangan ekspor ini menuai kritik dari beberapa pihak.

Page 10

Proyek ini menyerap 11 juta ton bijih nikel per tahun dengan investasi US$ 1,28 miliar. Adapun kapasitas output yakni 60.000 ton Ni per tahun dan 7.800 ton kobalt.

Proyek berikutnya dimiliki PT QMB New Energy Material yang berada di satu

Huayue Nickel Cobalt. Smelter ini membutuhkan 5 juta ton bijih nikel per tahun dengan kapasitas output 50.000 ton Ni per tahun dan 4.000 ton kobalt. Investasi smelter ini mencapai US$

Proyek selanjutnya, kata Bambang, digarap ima Abadi Mineral

(HPAM) atas nama PT Halmahera Persada Lygend dengan salah satu pemilik saham dari Harita Group (PT Trimegah Bangun Persada). Kapasitas input smelter ini 8,3 juta wet ton bijih nikel per tahun.

Sementara output 278.534 ton dalam ed hydroxide precipate (MHP),

nikel sulfat dan kobalt sulfat. Investasinya mencapai US$ 10,61 miliar. Proyek yang keempat yakni PT Smelter Nikel Indonesia dengan input 2,4 juta wet ton bijih nikel per tahun. Kapasitas output 76.500 ton

n kobalt sulfat. "Total kebutuhan nikel kadar rendah pada 2021 mencapai 27 juta ton per tahun," ujar

Kementerian ESDM: Hasil ekspor nikel tak cukup untuk

bangun smelter

resmi mempercepat

larangan ekspor bijih nikel atau nikel ore dan mulai berlaku pada 1 Januari 2020 mendatang. Percepatan larangan ekspor ini menuai kritik dari beberapa pihak.

IMA-Daily Update

One of them is the Indonesian Nickel

Mining Association (APNI), AP

General Meidy Katrin explained the ban on

exports will have an impact on companies

that are building smelters. This is because

the company that is building a smelter is

receiving funds from the low grade nickel

export.

Regarding this matter, the Director General

of Minerals and Coal of the Ministry of

Energy and Mineral Resources (ESDM)

Bambang Gatot Ariyono said the source of

funding for the construction of smelters

cannot rely on profits from nickel exports

alone.

"From the beginning of 2017,

the construction of smelters cannot be

financed from exports, right? Because

especially if the technology is electric

furnace," he said, Monday (2/9).

Bambang added the lowest cost in building

a smelter using blast furnaces.

He further said that the incentives were

only to help the company, not as the main

source in building smelters.

"Yes, so it is possible to build upon relying

on exports, but it is an incentive to help the

company, so from the beginning the

company's intention was to devel

without or with the incentives," he

explained.

So, said Bambang, if the smelter

construction funding was only obtained

from exports it would not be enough to

meet the funding source. "That is for others

as well as bauxite, for copper," he

concluded. Reporter: Ika Puspitasari, Editor:

Tendi

One of them is the Indonesian Nickel

NI Secretary

General Meidy Katrin explained the ban on

exports will have an impact on companies

that are building smelters. This is because

the company that is building a smelter is

receiving funds from the low grade nickel

he Director General

of Minerals and Coal of the Ministry of

Energy and Mineral Resources (ESDM)

Bambang Gatot Ariyono said the source of

funding for the construction of smelters

cannot rely on profits from nickel exports

"From the beginning of 2017, I said that

the construction of smelters cannot be

financed from exports, right? Because

especially if the technology is electric

furnace," he said, Monday (2/9).

Bambang added the lowest cost in building

that the incentives were

only to help the company, not as the main

"Yes, so it is possible to build upon relying

on exports, but it is an incentive to help the

company, so from the beginning the

company's intention was to develop,

without or with the incentives," he

So, said Bambang, if the smelter

construction funding was only obtained

from exports it would not be enough to

meet the funding source. "That is for others

as well as bauxite, for copper," he

porter: Ika Puspitasari, Editor:

Salah satunya Asosiasi Penambang Nikel Indonesia (APNI), Sekretaris Jenderal (Sekjen) APNI Meidy Katrin menjelaskan pelarangan ekspor akan berdampak pada perusahaan yang tengah membangun smelter. Sebab, perusahaan yang sedang membangun smelter

dari ekspor nikel kadar rendah tersebut.

Mengenai hal ini, Direktur Jenderal Mineral dan Batubara Kementerian Energi dan Sumber Daya Mineral (ESDM) Bambang Gatot Ariyono menyampaikan sumberdana pembangunan smelter

mengandalkan keuntungan dari hasil ekspor nikel saja.

"Saya dari awal 2017 mengatakan pembangunan smelter tidak bisa dibiayai dari hasil ekspor ya kan, karena apalagi kalau teknologinya electric furnace

Senin (2/9).

Bambang menambahkan biaya termurah dalam membangun smelter

blast furnace.

Lebih lanjut ia menyebut bahwa insentif tersebut hanya untuk membantu perusahaan, bukan sebagai sumber utama dalam membangun smelter

"Ya jadi memang kalauekspor enggak mungkinlah akan terbangun, tetapi itu kan sebagai insentif untuk membantu perusahaan

Sehingga dari awal niatnya perusahaan itu ya niatnya membangun, tanpa ataupun dengan adanya insentif tadi," paparnya.

Sehingga, kata Bambang, apabila pendanaan pembangunan diperoleh dari hasil ekspor tak akan cukup untuk memenuhi sumber dana. "Itu untuk yang lainnya juga seperti bauksit, untuk tembaga," pungkasnya. Puspitasari, Editor: Tendi

Page 11

Salah satunya Asosiasi Penambang Nikel Indonesia (APNI), Sekretaris Jenderal (Sekjen) APNI Meidy Katrin menjelaskan pelarangan ekspor akan berdampak pada perusahaan yang tengah membangun

. Sebab, perusahaan yang sedang smelter memperoleh dana

dari ekspor nikel kadar rendah tersebut.

Mengenai hal ini, Direktur Jenderal Mineral dan Batubara Kementerian Energi dan Sumber Daya Mineral (ESDM) Bambang Gatot Ariyono menyampaikan sumber

smelter tidak dapat mengandalkan keuntungan dari hasil

"Saya dari awal 2017 mengatakan pem-tidak bisa dibiayai dari

hasil ekspor ya kan, karena apalagi kalau electric furnace," ujarnya,

Bambang menambahkan biaya termurah smelter menggunakan

Lebih lanjut ia menyebut bahwa insentif tersebut hanya untuk membantu per-usahaan, bukan sebagai sumber utama

smelter.

"Ya jadi memang kalau mengandalkan ekspor enggak mungkinlah akan ter-bangun, tetapi itu kan sebagai insentif

perusahaan itu kan. Sehingga dari awal niatnya perusahaan itu ya niatnya membangun, tanpa ataupun dengan adanya insentif tadi," paparnya.

Bambang, apabila pen-danaan pembangunan smelter hanya diperoleh dari hasil ekspor tak akan cukup untuk memenuhi sumber dana. "Itu untuk yang lainnya juga seperti bauksit, untuk tembaga," pungkasnya. Rep orter: Ika

Puspitasari, Editor: Tendi

IMA-Daily Update

Indonesia Will Halt Nickel Ore Exports Earlier Than Planned

THE GOVERNMENT has issued a new rule that would ban exports of nickel ore from next

year, as part of a latest attempt to boost processing

It first imposed a ban in 2014 to force miners to process the country's mineral resources domestically. Three years later, the government decided to give miners leeway and allow them to export low-grade ore until 2022, so tsmelters, as required.

However, Energy and Mineral Resources Minister Ignasius Jonan has now issued a new regulation, only allowing these exports to continue until the end of this year.

Ministry spokesman Agung Pribadi confirmed the banon the new regulation would be announced on Monday.

"There will be a press conference

Vale Indonesia, the country's largest nickel producer, earlier noting that most of the country's lowChina. Chinese manufacturers usecomponent in the electric vehicle industry, which Indonesia wishes to develop.

Shares of Vale and state-controlled Antam traded 15 percent and 5.6 percent higher, respectively, on the Indonesia Stock E

Meidy Katrin Lengkey, secretary of the Indonesian Nickel Mining Association (APNI), said the lobby group was concerned about the ban, as it would deprive members of a source of key funding to develop local smelters.

"We've been constructing smelters since 2017, expecting to complete them by 2022. In 2019, the government said we could not export anymore. We have built the foundation and ask for the government's commitment. We are carrying out the developexport proceeds," Meidy said.

There are 51 companies currentlyoperational.

Meidy said miners can sell their ore to local smelters, but at a lower price than on the international market. Payment by local smelters is also usually late.

This means miners that have yet to complete their smelters get less revenue, which makes it more difficult for them to pay for smelter construction.

Coordinating Maritime Affairs Minister Lthat the government planned to issue a benchmark price for nickel ore to address the pricing issue.

Jonatan Handoyo, founder of the Indonesian Mineral Processing and Purification Association (AP3I), said the regulation was a necessary move to correct previous policy.

Indonesia Will Halt Nickel Ore Exports Earlier Than PlannedBY : RANGGA PRAKOSO

has issued a new rule that would ban exports of nickel ore from next

year, as part of a latest attempt to boost processing capacity in the local industry.

2014 to force miners to process the country's mineral resources domestically. Three years later, the government decided to give miners leeway and allow

grade ore until 2022, so they could use the proceeds to build local


Pribadi confirmed the ban over the weekend and said more detail on the new regulation would be announced on Monday.

"There will be a press conference on that," he said.

Vale Indonesia, the country's largest nickel producer, earlier voiced support for the plannoting that most of the country's low-grade nickel ore exports end up being stockpiled in China. Chinese manufacturers use the nickel to produce rechargeable batteries component in the electric vehicle industry, which Indonesia wishes to develop.

controlled Antam traded 15 percent and 5.6 percent higher, respectively, on the Indonesia Stock Exchange (IDX) on Monday, following news of the plan.

Meidy Katrin Lengkey, secretary of the Indonesian Nickel Mining Association (APNI), said the lobby group was concerned about the ban, as it would deprive members of a source of key

cal smelters.

constructing smelters since 2017, expecting to complete them by 2022. In 2019, the government said we could not export anymore. We have built the foundation and ask for the government's commitment. We are carrying out the development, [and funding it] from

There are 51 companies currently building smelters in Indonesia, 15 of which are already

Meidy said miners can sell their ore to local smelters, but at a lower price than on the national market. Payment by local smelters is also usually late.

This means miners that have yet to complete their smelters get less revenue, which makes it more difficult for them to pay for smelter construction.

Coordinating Maritime Affairs Minister Luhut Binsar Panjaitan told CNBC Indonesia last week that the government planned to issue a benchmark price for nickel ore to address the

Jonatan Handoyo, founder of the Indonesian Mineral Processing and Purification Association d the regulation was a necessary move to correct previous policy.

Page 12

Indonesia Will Halt Nickel Ore Exports Earlier Than Planned

has issued a new rule that would ban exports of nickel ore from next

capacity in the local industry.

2014 to force miners to process the country's mineral resources domestically. Three years later, the government decided to give miners leeway and allow

hey could use the proceeds to build local


over the weekend and said more detail

voiced support for the plan, grade nickel ore exports end up being stockpiled in

the nickel to produce rechargeable batteries – a key component in the electric vehicle industry, which Indonesia wishes to develop.

controlled Antam traded 15 percent and 5.6 percent higher, following news of the plan.

Meidy Katrin Lengkey, secretary of the Indonesian Nickel Mining Association (APNI), said the lobby group was concerned about the ban, as it would deprive members of a source of key

constructing smelters since 2017, expecting to complete them by 2022. In 2019, the government said we could not export anymore. We have built the foundation and ask for

ment, [and funding it] from

building smelters in Indonesia, 15 of which are already

Meidy said miners can sell their ore to local smelters, but at a lower price than on the

This means miners that have yet to complete their smelters get less revenue, which makes it

uhut Binsar Panjaitan told CNBC Indonesia last week that the government planned to issue a benchmark price for nickel ore to address the

Jonatan Handoyo, founder of the Indonesian Mineral Processing and Purification Association d the regulation was a necessary move to correct previous policy.

IMA-Daily Update

He said allowing low-grade nickel exports had accelerated production by Indonesian mines, potentially leaving the country with small reserves by the time the smelters come on stream.

"The government took the most logical step. It is correct, despite being five years late,"

Jonatan said.♦

Nickel Exports Baned, Luhut: Investment Will Increase USD35

Billion Rina Anggraeni

THE GOVERNMENT finally

banned the export of nickel ore on January

1, 2020, faster than the previous

provisions in 2022. This ban is in line with

the issuance of the Minister of Energy and

Mineral Resources (ESDM) Minister

Regulation (Permen) issued by the Minister of ESDM Ignasius Jonan.

The Coordinating Minister for Maritime

Affairs, Luhut Binsar Pandjaitan, said the

ban would benefit Indonesia in the future.

"So, this is good, where the added value for

exports will be good. Our exports will

increase dramatically by processing nickel

in the country. And we will have a supply chain," Luhut said at the Bank Indonesia

Building on Monday (2/9/2019).

According to Luhut, the suspension of

nickel exports will have an impact on exports of USD600 million for a while. But

the value of profits will reach USD6 billion

in 2024, as a derivative of nickel products

and employment.

This export ban will increase investment to reach USD35 billion. "This will familiarize

exports with added value, not just raw

exports," he said.

grade nickel exports had accelerated production by Indonesian mines, potentially leaving the country with small reserves by the time the smelters come on stream.

took the most logical step. It is correct, despite being five years late,"

Nickel Exports Baned, Luhut: Investment Will Increase USD35

finally officially

banned the export of nickel ore on January

1, 2020, faster than the previous

provisions in 2022. This ban is in line with

the issuance of the Minister of Energy and

Mineral Resources (ESDM) Minister

Regulation (Permen) issued by the ESDM Ignasius Jonan.

The Coordinating Minister for Maritime

Affairs, Luhut Binsar Pandjaitan, said the

ban would benefit Indonesia in the future.

"So, this is good, where the added value for

exports will be good. Our exports will

processing nickel

in the country. And we will have a supply chain," Luhut said at the Bank Indonesia

Building on Monday (2/9/2019).

According to Luhut, the suspension of

nickel exports will have an impact on exports of USD600 million for a while. But

alue of profits will reach USD6 billion

in 2024, as a derivative of nickel products

This export ban will increase investment to reach USD35 billion. "This will familiarize

exports with added value, not just raw

Ekspor Nikel Dilarang, Luhut: Investasi Bakal Meningkat

USD35 MiliarRina Anggraeni

PEMERINTAH akhirnya resmi melarang

ekspor bijih nikel pada 1 Januari 2020, lebih cepat dari ketentuan sebelumnya tahun 2022. Larangan ini seiring terbitnya Peraturan Menteri (Permen) Energi dan Sumber Daya Mineral (ESDM) yang dikeluarkan Menteri ESDM Ignasius Jonan.

Menteri Koordinator Bidang Kemaritiman, Luhut Binsar Pandjaitan, mengatakan larangan itu justru menguntungkanIndonesia di masa mendatang.

"Jadi, ini bagus, di mana nilai tambah untuk ekspor nanti bagus. Ekspor kita akan meningkat drastis dengan mengolah di dalam negeri. Dan kita akan punya supply chain," ujar Luhut di Gedung Bank Indonesia, Senin (2/9/2019).

Menurut Luhut, penghentian ekspor nikel ini akan berdampak pada ekspor sebesar USD600 juta untuk sementara. Tetapi nilai keuntungan akan mencappada tahun 2024, seiring produk turunan dari nikel dan penyerapan tenaga kerja.

Pelarangan ekspor ini akan meningkatkan investasi mencapai USD35 miliar. "Ini bakal membiasakan ekspor dengan nilai tambah, bukan sekedar ekspor mentah," ungkap dia.

Page 13

grade nickel exports had accelerated production by Indonesian mines, potentially leaving the country with small reserves by the time the smelters come on stream.

took the most logical step. It is correct, despite being five years late,"

el Dilarang, Luhut: Investasi Bakal Meningkat

USD35 Miliar Rina Anggraeni

akhirnya resmi melarang

ekspor bijih nikel pada 1 Januari 2020, lebih cepat dari ketentuan sebelumnya tahun 2022. Larangan ini seiring terbitnya Peraturan Menteri (Permen) Energi dan Sumber Daya Mineral (ESDM) yang dikeluarkan Menteri ESDM Ignasius Jonan.

Menteri Koordinator Bidang Kemaritiman, Luhut Binsar Pandjaitan, mengatakan larangan itu justru menguntungkan Indonesia di masa mendatang.

"Jadi, ini bagus, di mana nilai tambah untuk ekspor nanti bagus. Ekspor kita akan meningkat drastis dengan mengolah nikel di dalam negeri. Dan kita akan punya supply chain," ujar Luhut di Gedung Bank Indonesia, Senin (2/9/2019).

Menurut Luhut, penghentian ekspor nikel ini akan berdampak pada ekspor sebesar USD600 juta untuk sementara. Tetapi nilai keuntungan akan mencapai USD6 miliar pada tahun 2024, seiring produk turunan dari nikel dan penyerapan tenaga kerja.

Pelarangan ekspor ini akan meningkatkan investasi mencapai USD35 miliar. "Ini bakal membiasakan ekspor dengan nilai tambah, bukan sekedar ekspor mentah,"

IMA-Daily Update

According to him, the export of nickel ore

was stopped because its reserves were

running low. Based on the report of the Ministry of ESDM, nickel reserves ready for

mining of 700 million tons, or only enough

in the next 7-8 years. As for nickel reser

of 2.8 billion tons.

In addition, the government's reason to

stop the export of nickel ore is to support the national electric car policy. The reason

is the raw material for electric car batteries

uses lithium which is derived from nickel

ore. (ven)

Four Nickel Smelters Will Support the Domestic Electric

Car Industry By: Ni Putu Eka Wiratmini

THE SERIOUSNESS of Indonesia, which

wants to become a producer of raw materials for electric vehicle batteries, is supported by the construction of four nickel smelters that are able to support the plan.

The first nickel smelter, namely Hauyue Bahadopi in Morowali Regency, Central Sulawesi, with an Input capacity of 11 million tons of nickel ore per year which is capable of producing 60,000 tons of nickel (Ni) per year and 7,800 tons of cobalt per year. The project, which is owned by PT Huayue Nickel Cobalt, has an investment value of US$ 1.28 billion with construction from January 2020 to January 2021.

Second, the QMB Bahodopi smelter in Morowali, Central Sulawesi, with an input capacity of 5 million tons of nickel ore per year which is capable of producing 50,000 tons of Ni per year and 4,000 tons of cobalt. The project, which is undertaken by

According to him, the export of nickel ore

was stopped because its reserves were

running low. Based on the report of the Ministry of ESDM, nickel reserves ready for

mining of 700 million tons, or only enough

8 years. As for nickel reserves

In addition, the government's reason to

stop the export of nickel ore is to support the national electric car policy. The reason

is the raw material for electric car batteries

uses lithium which is derived from nickel

Menurut dia, dihentikannya ekspor bijih nikel karena cadangannya semakin menipis. Berdasarkan laporan Kementerian ESDM, cadangan nikel siap tambang sebesar 700 juta ton atau hanya cukup dalam kurun waktu 7-8 tahun kedepan. Sedangkan untuk cadangan terkira nikel sebesar 2,8 miliar ton.

Selain itu, alasan pemerintah menghentikan eskpor bijih nikel guna mendukungkebijakan mobil listrik nasional. Pasalnya bahan baku baterai mobil listrik menggunakan lithium yang berasal dari bijih nikel. (ven)

Four Nickel Smelters Will Support the Domestic Electric

By: Ni Putu Eka Wiratmini

of Indonesia, which

wants to become a producer of raw vehicle batteries, is

supported by the construction of four nickel smelters that are able to support the plan.

The first nickel smelter, namely Hauyue Bahadopi in Morowali Regency, Central Sulawesi, with an Input capacity of 11

per year which is capable of producing 60,000 tons of nickel (Ni) per year and 7,800 tons of cobalt per year. The project, which is owned by PT Huayue Nickel Cobalt, has an investment value of US$ 1.28 billion with construction

2021.

Second, the QMB Bahodopi smelter in Morowali, Central Sulawesi, with an input capacity of 5 million tons of nickel ore per year which is capable of producing 50,000 tons of Ni per year and 4,000 tons of cobalt.

which is undertaken by...

Empat Smelter Nikel Akan Dukung Industri Mobil Listrik

DomestikOleh : Ni Putu Eka Wiratmini

KESERIUSAN Indonesia yang ingin men

jadi produsen penghasil bahan baku baterai kendaraan listrik didukung dengan dibangunnya empat smelter nikel yang mampu mendukung rencana tersebut.

Pabrik smelter nikel pertama, yakni Hauyue Bahadopi di Kabupaten Morowali, Sulawesi Tengah, dengan kapasitas Input 11 juta ton bijih nikel per tahun yang mampu menghasilkan 60.000 ton nikel (Ni) per tahun dan 7.800 ton kobalt per tahun. Proyek yang dimiliki PT Huayue Nikel Cobalt ini memiliki nilai investasi US$1,28 miliar dengan pembangunan mulai Januari 2020 sampai Januari 2021.

Kedua, smelter QMB Bahodopi diMorowali, Sulawesi Tengah, dengan kapasitas input 5 juta ton bijih nikel per tahun yang mampu menghasilkan 50.000 ton Ni per tahun dan 4.000 ton kobalt.Proyek yang digarap...

Page 14

nurut dia, dihentikannya ekspor bijih nikel karena cadangannya semakin menipis. Berdasarkan laporan Kementerian ESDM, cadangan nikel siap tambang sebesar 700 juta ton atau hanya cukup dalam kurun

8 tahun kedepan. Sedangkan untuk kel sebesar 2,8 miliar

Selain itu, alasan pemerintah menghentikan bijih nikel guna mendukung

kebijakan mobil listrik nasional. Pasalnya bahan baku baterai mobil listrik mengguna-kan lithium yang berasal dari bijih nikel.

Empat Smelter Nikel Akan Dukung Industri Mobil Listrik

Domestik Ni Putu Eka Wiratmini

Indonesia yang ingin men-

jadi produsen penghasil bahan baku listrik didukung dengan

dibangunnya empat smelter nikel yang mampu mendukung rencana tersebut.

Pabrik smelter nikel pertama, yakni Hauyue Bahadopi di Kabupaten Morowali, Sulawesi Tengah, dengan kapasitas Input 11 juta ton bijih nikel per tahun yang

enghasilkan 60.000 ton nikel (Ni) per tahun dan 7.800 ton kobalt per tahun. Proyek yang dimiliki PT Huayue Nikel Cobalt ini memiliki nilai investasi US$1,28 miliar dengan pembangunan mulai Januari 2020 sampai Januari 2021.

Kedua, smelter QMB Bahodopi di orowali, Sulawesi Tengah, dengan

kapasitas input 5 juta ton bijih nikel per tahun yang mampu menghasilkan 50.000 ton Ni per tahun dan 4.000 ton kobalt.

IMA-Daily Update

The project, which is undertaken by PT

QMB New Energy Material, has an invest

ment value of US$ 998.47 million.

Third, PT Harita Prima Abadi Mineral

(HPAM) smelter with an input capacity of

8.3 million wet tons of nickel ore per year

and an output capacity of 278,534 tons in

the form of mixed hydroxide precipitate

(MHP), nickel sulfate, and cobalt sulfate.

The investment value of this project

reaches US$ 10.61 billion.

Finally, the PT Smelter Nickel Indonesia

smelter with an input capacity of 2.4

million wet tons of nickel ore per year and

an output capacity of 76,500 tons in Mixed

MHP, nickel sulfate and cobalt sulfate.

The Ministry of ESDM considers the

construction of hydrometallurgical smelter

technology will increasingly support the

acceleration of the domestic electric car

industry.

ESDM Ministry's Mineral and Coal Director

General Bambang Gatot Ariyono said that

with capable technology, Indonesia was

able to process and process low grade

nickel. In low grade nickel ore, below 1.7

percent, it contains cobalt and lithium as

one of the raw materials for making

batteries.

In line with this, with the Presidential

Regulation (Perpres) concerning electric

vehicles, the need for batteries will be even

higher.

"Although low levels can still be used," he

said, Monday (02/09/2019).

Leonard

The project, which is undertaken by PT

QMB New Energy Material, has an invest-

nt value of US$ 998.47 million.

Third, PT Harita Prima Abadi Mineral

(HPAM) smelter with an input capacity of

8.3 million wet tons of nickel ore per year

and an output capacity of 278,534 tons in

the form of mixed hydroxide precipitate

e, and cobalt sulfate.

The investment value of this project

Finally, the PT Smelter Nickel Indonesia

smelter with an input capacity of 2.4

million wet tons of nickel ore per year and

an output capacity of 76,500 tons in Mixed

, nickel sulfate and cobalt sulfate.

The Ministry of ESDM considers the

construction of hydrometallurgical smelter

technology will increasingly support the

acceleration of the domestic electric car

ESDM Ministry's Mineral and Coal Director

l Bambang Gatot Ariyono said that

with capable technology, Indonesia was

able to process and process low grade

nickel. In low grade nickel ore, below 1.7

percent, it contains cobalt and lithium as

one of the raw materials for making

this, with the Presidential

Regulation (Perpres) concerning electric

vehicles, the need for batteries will be even

"Although low levels can still be used," he

said, Monday (02/09/2019). Editor: Lucky

Proyek yang digarap PT QMB New Energy

Material ini memiliki nilai investasi

US$998,47 juta.

Ketiga, smelter PT Harita Prima Abadi

Mineral (HPAM) dengan kapasitas input

8,3 juta wet ton bijih nikel per tahun dan

kapasitas output 278.534 ton dalam

bentuk mixed hydroxide precipitate

(MHP), nikel sulfat, dan kobalt sulfat. Nilai

investasi proyek ini mencapai US$10,61

miliar.

Terakhir, smelter PT Smelter Nikel

Indonesia dengan kapasitas input 2,4 juta

wet ton bijih nikel per tahun dan kapasitas

output 76.500 ton dalam bentuk Mixed

MHP, nikel sulfat, dan kobalt sulfat.

Kementerian ESDM menilai pembangunan

smelter berteknologi hydrometalurgi

tersebut akan semakin mendukung

percepatan industri mobil listrik di dalam

negeri.

Direktur Jenderal Mineral dan Batubara

Kementerian ESDM Bambang

Ariyono mengatakan dengan teknologi

yang mumpuni, Indonesia sudah mampu

memproses dan mengolah nikel kadar

rendah. Dalam bijih nikel berkadar rendah,

di bawah 1,7 persen tersebut, mengandung

kobalt dan lithium sebagai salah satu

bahan baku pembuatan

Sejalan dengan hal tersebut, dengan

adanya Peraturan Presiden (Perpres)

mengenai kendaraan listrik, kebutuhan

baterai akan semakin tinggi.

"Walaupun kadar rendah tetap saja bisa

dimanfaatkan," katanya, Senin (2/9/2019).

Editor : Lucky Leonard

Page 15

Proyek yang digarap PT QMB New Energy

aterial ini memiliki nilai investasi

Ketiga, smelter PT Harita Prima Abadi

Mineral (HPAM) dengan kapasitas input

8,3 juta wet ton bijih nikel per tahun dan

kapasitas output 278.534 ton dalam

mixed hydroxide precipitate

(MHP), nikel sulfat, dan kobalt sulfat. Nilai

investasi proyek ini mencapai US$10,61

Terakhir, smelter PT Smelter Nikel

Indonesia dengan kapasitas input 2,4 juta

wet ton bijih nikel per tahun dan kapasitas

output 76.500 ton dalam bentuk Mixed

, nikel sulfat, dan kobalt sulfat.

Kementerian ESDM menilai pembangunan

berteknologi hydrometalurgi

tersebut akan semakin mendukung

percepatan industri mobil listrik di dalam

Direktur Jenderal Mineral dan Batubara

Kementerian ESDM Bambang Gatot

Ariyono mengatakan dengan teknologi

yang mumpuni, Indonesia sudah mampu

memproses dan mengolah nikel kadar

rendah. Dalam bijih nikel berkadar rendah,

di bawah 1,7 persen tersebut, mengandung

kobalt dan lithium sebagai salah satu

bahan baku pembuatan baterai.

Sejalan dengan hal tersebut, dengan

adanya Peraturan Presiden (Perpres)

mengenai kendaraan listrik, kebutuhan

baterai akan semakin tinggi.

"Walaupun kadar rendah tetap saja bisa

dimanfaatkan," katanya, Senin (2/9/2019).

IMA-Daily Update

Regarding the ban on nickel ore exports, Antam (ANTM) focused

on completing smelters in Halmahera

THE GOVERNMENT will immediately

impose a ban on the export of nickel ore or nickel ore at the end of December 2019. Welcoming that, PT Aneka Tambang Tbk will conduct an evaluation strategy to replace the export revenue of nickel ore by increasing the performance of other commodities namely ferronickel, gold and bauxite.

Aneka Tambang (Antam) CorporateSecretary Kunto Hendrapawoko will ensure the ferronickel smelter in East Halmahera will continue to complete construction and operate in 2020.

In the meantime the company will maximize the production of ferronickel from our smelters in Pomalaa, Southeast Sulawesi.

"As we know ferronickel is a processed mineral product so that it can be exported and has a higher added value," explained Kunto Hendrapawoko to Kontan.co.id, Monday (2/9).

In the first semester of this year, the anaudited ferronickel production reached 13,017 tons of nickel inferronickel (TNi). Up 2% when compared to the production achievements of the first semester of 2018 amounting to 12,811 tonnes.

In line with the growth in production volume, anaudited ferronickel salesreached 13,157 tonnes, up 5% compared to the first semester of 2018 which reached 12,579 tonnes.

Regarding the ban on nickel ore exports, Antam (ANTM) focused

on completing smelters in

will immediately

impose a ban on the export of nickel ore or of December 2019.

Welcoming that, PT Aneka Tambang Tbk will conduct an evaluation strategy to replace the export revenue of nickel ore by increasing the performance of other commodities namely ferronickel, gold and

Aneka Tambang (Antam) Corporate Secretary Kunto Hendrapawoko will ensure the ferronickel smelter in East Halmahera will continue to complete construction and operate in 2020.

In the meantime the company will maximize the production of ferronickel from our smelters in Pomalaa, Southeast

"As we know ferronickel is a processed mineral product so that it can be exported and has a higher added value," explained Kunto Hendrapawoko to Kontan.co.id,

In the first semester of this year, the anaudited ferronickel production volume reached 13,017 tons of nickel in ferronickel (TNi). Up 2% when compared to the production achievements of the first semester of 2018 amounting to 12,811

In line with the growth in production volume, anaudited ferronickel sales

tonnes, up 5% compared to the first semester of 2018 which

Soal larangan ekspor bijih nikel, Antam (ANTM) fokus selesaikan

smelter di Halmahera

PEMERINTAH akan segera memberlaku

kan pelarangan ekspor bijih nikel atau ore

nikel pada akhir Desember 2019.

Menyambut itu, PT Aneka Tambang Tbk

akan melakukan evaluasi strategi untuk mengganti pendapatan ekspor bijih nikel

dengan meningkatkan kinerja komoditas

lainnya yakni feronikel, emas dan bauksit.

Sekretaris Perusahaan Aneka Tambang (Antam) Kunto Hendrapawoko akan

memastikan smelter feronikel di

Halmahera Timur akan tetap selesai masa

konstruksi dan beroperasi pada 2020.

Sementara ini perusahaan akan memaksimalkan produksi feronikel dari

smelter yang kami miliki di Pomalaa

Sulawesi Tenggara.

"Sebagaimana kita ketahui feronikel merupakan produk mineral olahan

sehingga dapat diekspor dan memiliki nilai

tambah yang lebih tinggi," jelas Kunto

Hendrapawoko kepada Kontan.co.id, Senin

(2/9).

Pada semester satu tahun ini, volume

produksi anaudited feronikel mecapai

13.017 ton nikel dalam feronikel (TNi).

Naik 2% bila dibandingkan capaian produksi semester I-2018 sebesar 12.811

TNi.

Sejalan dengan pertumbuhan volume

produksi, penjualan anauditemencapai 13.157 TNi atau naik 5% bila

dibandingkan semester I

mencapai 12.579 TNi.

Page 16

Soal larangan ekspor bijih nikel, Antam (ANTM) fokus selesaikan

smelter di Halmahera

akan segera memberlaku-

kan pelarangan ekspor bijih nikel atau ore

a akhir Desember 2019.

Menyambut itu, PT Aneka Tambang Tbk

akan melakukan evaluasi strategi untuk mengganti pendapatan ekspor bijih nikel

dengan meningkatkan kinerja komoditas

lainnya yakni feronikel, emas dan bauksit.

Sekretaris Perusahaan Aneka Tambang (Antam) Kunto Hendrapawoko akan

memastikan smelter feronikel di

Halmahera Timur akan tetap selesai masa

konstruksi dan beroperasi pada 2020.

Sementara ini perusahaan akan me-maksimalkan produksi feronikel dari

smelter yang kami miliki di Pomalaa

"Sebagaimana kita ketahui feronikel merupakan produk mineral olahan

sehingga dapat diekspor dan memiliki nilai

tambah yang lebih tinggi," jelas Kunto

Hendrapawoko kepada Kontan.co.id, Senin

Pada semester satu tahun ini, volume

produksi anaudited feronikel mecapai

13.017 ton nikel dalam feronikel (TNi).

Naik 2% bila dibandingkan capaian 2018 sebesar 12.811

Sejalan dengan pertumbuhan volume

produksi, penjualan anaudited feronikel mencapai 13.157 TNi atau naik 5% bila

dibandingkan semester I-2018 yang

IMA-Daily Update

In 2019, the issuer coded ANTM shares set a ferronickel production target of 27,000 TNi, up 12% from the realization of production in 2018 which was 24,124 TNi.

Ferronickel sales in the first semester of 2019 were the second largest contributor to ANTM's anaudited net sales. Itcontributed Rp 2.31 trillion or around 16% of total semester net sales this year.

"Antam also ensures that the perof the gold commodity remains optimal," he explained.

Just so you know, in the first half of 2019 gold sales were the biggest contributor to ANTM's sales value. That is Rp 9.61 trillion or 67% of the total sales value.

During the first semester of sales were recorded at 15.7 tons, up 14% when compared to semester one of last year which recorded 13.7 tons. In 2019, ANTM is targeting gold sales of 32 tons, 15% higher than the realization of sales in 2018 which recorded 27.8 tons. Benedicta Prima, Editor: Yudho Winarto

The Ban on Nickel Exports Threatens National Mining

EntrepreneursRep: Muhammad Nursyamsyi/Red: Nidia

Zuraya

THE BAN on nickel exports from 2020 has

upset the national mining company which is incorporated in the Indonesian Nickel Mining Association (APNI). APNI Secretary General Meidy K Lengkey said the policy would kill the national nickel mining businessman who is currently in the process of completing the construction of a smelter.

In 2019, the issuer coded ANTM shares set a ferronickel production target of 27,000 TNi, up 12% from the realization of production in 2018 which was recorded at

Ferronickel sales in the first semester of 2019 were the second largest contributor to ANTM's anaudited net sales. It contributed Rp 2.31 trillion or around 16% of total semester net sales this year.

"Antam also ensures that the performance of the gold commodity remains optimal,"

Just so you know, in the first half of 2019 gold sales were the biggest contributor to ANTM's sales value. That is Rp 9.61 trillion

During the first semester of 2019, gold sales were recorded at 15.7 tons, up 14% when compared to semester one of last year which recorded 13.7 tons. In 2019, ANTM is targeting gold sales of 32 tons, 15% higher than the realization of sales in 2018 which recorded 27.8 tons. Reporter:

Benedicta Prima, Editor: Yudho Winarto

Pada tahun 2019, emiten berkode saham ANTM ini menetapkan target produksi feronikel sebesar 27.000 TNi, naik 12% dari realisasi produksi di 2018 yang tercatat 24.124 TNi.

Penjualan feronikel di semester Ipakan kontributor terbesar kedua dari penjualan bersih anaudited ANTM. Menyumbang RP 2,31 triliun atau sekitar 16% dari total penjualan bersih semester satu tahun ini.

"Antam juga memastikan kinerja komoditas emas tetap optimal," jelas dia.

Asal tahu saja, pada semester Ijualan emas menjadi kontributor terbesar terhadap nilai penjualan ANTM. Yaitu sebesar Rp 9,61 triliun atau 67% dari total nilai penjualan.

Selama semester I-2019, penjualan emas tercatat sebesar 15,7 ton atau naik 14% bila dibandingkan dengan semester satu tahun lalu yang tercatat 13,7 ton. Pada tahun 2019, ANTM menargetkan penjualan emas sebesar 32 ton, lebih tinggi 15% dari realisasi penjualan tahun 2018 yang tercatat 27,8 ton. Reporter: Benedicta Prima,

Editor: Yudho Winarto

The Ban on Nickel Exports Threatens National Mining

Entrepreneurs Rep: Muhammad Nursyamsyi/Red: Nidia

on nickel exports from 2020 has

upset the national mining company which is incorporated in the Indonesian Nickel Mining Association (APNI). APNI Secretary General Meidy K Lengkey said the policy would kill the national nickel mining businessman who is currently in the process of completing the construction of a smelter.

Pelarangan Ekspor Nikel Ancam Pengusaha Tambang NasionalRep: Muhammad Nursyamsyi/

Zuraya

PELARANGAN ekspor nikel mulai 2020

membuat gundah perusahaan pertambangan nasional yang tergabung dalam Asosiasi Penambang Nikel Indonesia (APNI). Sekretaris Jenderal APNI Meidy K Lengkey mengatakan kebijakan tersebut akan mematikan pengusaha tambang nikel nasional yang saat ini sedang proses menyelesaikan pembangunan

Page 17

Pada tahun 2019, emiten berkode saham ANTM ini menetapkan target produksi feronikel sebesar 27.000 TNi, naik 12% dari realisasi produksi di 2018 yang tercatat

Penjualan feronikel di semester I-2019 meru-pakan kontributor terbesar kedua dari pen-jualan bersih anaudited ANTM. Menyumbang RP 2,31 triliun atau sekitar 16% dari total penjualan bersih semester satu tahun ini.

"Antam juga memastikan kinerja komo-ditas emas tetap optimal," jelas dia.

saja, pada semester I-2019 pen-jualan emas menjadi kontributor terbesar terhadap nilai penjualan ANTM. Yaitu sebesar Rp 9,61 triliun atau 67% dari total nilai

2019, penjualan emas tercatat sebesar 15,7 ton atau naik 14% bila

ibandingkan dengan semester satu tahun lalu yang tercatat 13,7 ton. Pada tahun

ANTM menargetkan penjualan emas sebesar 32 ton, lebih tinggi 15% dari realisasi penjualan tahun 2018 yang

Reporter: Benedicta Prima,

an Ekspor Nikel Ancam Pengusaha Tambang Nasional Rep: Muhammad Nursyamsyi/Red: Nidia

Zuraya

ekspor nikel mulai 2020

membuat gundah perusahaan pertam-bangan nasional yang tergabung dalam Asosiasi Penambang Nikel Indonesia (APNI). Sekretaris Jenderal APNI Meidy K Lengkey mengatakan kebijakan tersebut akan mematikan pengusaha tambang nikel nasional yang saat ini sedang proses menyelesaikan pembangunan smelter.

IMA-Daily Update

Meidy said the potential losses to be borne by national smelters who were building 16 smelter units were estimated at 960 million US dollars, while the potential loss of state revenue or foreign exchange for stopping the construction of 16 smelters after 2022 was 261,273,600 US dollars per year of smelter product output in the form of NPI/FeNi. Even the potential loss of foreign exchange earnings from nickel ore exports until 2022 amounted to US$ 259,796,823.

"Even in the current conditions, domesticnickel mining businesses have felt defeated by the regulation of the level of smelter entrepreneurs who have been established in Indonesia, because they do not use surveyors recommended by the government, but instead use surveyors from their side," Meidy said in Jakarta, Monday (2/9).

Meidy said, the comparison of local prices with export prices also became a separate issue. The difference between the two could reach US$ 20 per ton, which should be a profit for nickel mine entrepreneurs to increase their investment, including the construction of smelters.

Meidy conveyed that at this time there was also a high level of jealousy for national nickel businesses with foreign smelters, where national smelter entrepreneurs were required to pay 4 percent royalty ofoutput of FeNI/NPI products (Presidential Regulation No. 9 of 2012), whereas for foreign smelters with permits issued by the ministry of industry (IUI) are not subject to royalty obligations.

"There are so many facilities provided to foreign smelters that are not obtained by national entrepreneurs," Meidy said.

Meidy is of the view that if the ban on nickel ore exports takes effect this year, while the terms of the trade system and pricing of domestic nickel ore have not yet been determined, it is certain that many IUPs owned by national entrepreneurs will be sold to foreign parties who have smelters.

Meidy said the potential losses to be borne by national smelters who were building 16 smelter units were estimated at 960 million US dollars, while the potential loss of state revenue or foreign exchange for stopping the

after 2022 was 261,273,600 US dollars per year of smelter product output in the form of NPI/FeNi. Even the potential loss of foreign exchange earnings from nickel ore exports until 2022

"Even in the current conditions, domestic nickel mining businesses have felt defeated by the regulation of the level of smelter entrepreneurs who have been established in Indonesia, because they do not use surveyors recommended by the government, but instead use surveyors from their side,"

said in Jakarta, Monday (2/9).

Meidy said, the comparison of local prices with export prices also became a separate issue. The difference between the two could reach US$ 20 per ton, which should be a profit for nickel mine entrepreneurs to

nvestment, including the

Meidy conveyed that at this time there was also a high level of jealousy for national nickel businesses with foreign smelters, where national smelter entrepreneurs were required to pay 4 percent royalty of the output of FeNI/NPI products (Presidential Regulation No. 9 of 2012), whereas for foreign smelters with permits issued by the ministry of industry (IUI) are not subject to

"There are so many facilities provided to that are not obtained by

national entrepreneurs," Meidy said.

Meidy is of the view that if the ban on nickel ore exports takes effect this year, while the terms of the trade system and pricing of domestic nickel ore have not yet been

ain that many IUPs owned by national entrepreneurs will be sold to foreign parties who have smelters.

Meidy menyebut potensi kerugian yang akan ditanggung pelaku smelter

sedang membangun 16 unit kirakan sebesar 960 juta dolar AS, sedangkan potensi kehilangan penerimaan negara atau devisa atas terhentinya pembangunan 16 smelter tersebut setelah 2022 sebesar 261.273.600 dolar AS per tahun dari output produk smelter berupa NPI/FeNi. Pun potensi kehilangan pendapatan devisa dari ekspor bijih nikel sampai 2022 sebesardolar AS.

"Pada kondisi saat ini pun, para pelaku usaha tambang nikel domestik sudah merasa kalah oleh pengaturan kadar dari pengusaha smelter yang sudah berdiri di Indonesia,tidak menggunakan surveyor yang direkomendasikan pemerintah, tetapi menggunakan surveyor dari pihak mereka," ujar Meidy di Jakarta, Senin (2/9).

Kata Meidy, perbandingan harga lokal dengan harga ekspor juga menjadi persoalan tersendiri. Selisih antara keduanya bisa mencapai 20 dolar AS per ton, yang seharusnya bisa menjadi keuntungan pengusaha tambang nikel untuk meningkatkan investasinya termasuk dalam pembangunan smelter

Meidy menyampaikan saat ini juga terjadi kecemburuan yang tinggi bagusaha nikel nasional dengan smelter asing, di mana bagi pengusaha smelter nasional di wajibkan royalti 4 persen dari output produk FeNI/NPI (Perpres No 9 Tahun 2012), sedangkan bagi smelter asing dengan izin yang dikeluarkan oleh kementerian trian (IUI) tidak dibebankan kewajiban royalti.

"Begitu banyaknya fasiltas kemudahan yang diberikan kepada smelter asing yang tidak didapat oleh pengusaha nasional," ucap Meidy.

Meidy berpandangan apabila pelarangan ekspor bijih nikel berlaku padasedangkan ketentuan tata niaga danpenetapan harga bijih nikel domestik belum ditentukan, bisa dipastikan akan banyak IUP yang dimiliki oleh pengusaha nasional akan dijual ke pihak asing yang telah memiliki smelter.

Page 18

Meidy menyebut potensi kerugian yang akan smelter nasional yang

sedang membangun 16 unit smelter diper-kirakan sebesar 960 juta dolar AS, sedangkan potensi kehilangan penerimaan negara atau devisa atas terhentinya pembangunan 16 smelter tersebut setelah 2022 sebesar 261.273.600 dolar AS per tahun dari output

berupa NPI/FeNi. Pun potensi angan pendapatan devisa dari ekspor

bijih nikel sampai 2022 sebesar 259.796.823

"Pada kondisi saat ini pun, para pelaku usaha tambang nikel domestik sudah merasa kalah oleh pengaturan kadar dari pengusaha smelter yang sudah berdiri di Indonesia, sebab mereka tidak menggunakan surveyor yang direko-mendasikan pemerintah, tetapi menggunakan surveyor dari pihak mereka," ujar Meidy di

Kata Meidy, perbandingan harga lokal dengan harga ekspor juga menjadi persoalan ter-

isih antara keduanya bisa mencapai 20 dolar AS per ton, yang seharusnya bisa menjadi keuntungan pengusaha tambang nikel untuk meningkatkan investasinya termasuk

smelter.

Meidy menyampaikan saat ini juga terjadi kecemburuan yang tinggi bagi para pelaku usaha nikel nasional dengan smelter asing, di mana bagi pengusaha smelter nasional di wajibkan royalti 4 persen dari output produk FeNI/NPI (Perpres No 9 Tahun 2012), sedangkan bagi smelter asing dengan izin yang dikeluarkan oleh kementerian perindus-trian (IUI) tidak dibebankan kewajiban royalti.

"Begitu banyaknya fasiltas kemudahan yang diberikan kepada smelter asing yang tidak didapat oleh pengusaha nasional," ucap Meidy.

Meidy berpandangan apabila pelarangan ekspor bijih nikel berlaku pada tahun ini, sedangkan ketentuan tata niaga dan penetapan harga bijih nikel domestik belum ditentukan, bisa dipastikan akan banyak IUP yang dimiliki oleh pengusaha nasional akan dijual ke pihak asing yang telah memiliki

IMA-Daily Update

"For this reason, we hope thIndonesian House of Representatives can issue policies on price certainty and regulations that can be used as a standard guideline for national nickel mining

businesses," Meidy added.♦

Discussing Prices, the Government Immediately Summon Nickel

Producers and Smelter Entrepreneurs

Rio Indrawan


Resources (ESDM) will summon nickel producers and smelter or smelter owners as a follow up to the policy of accelerating the ban on nickel ore exports.

Bambang Gatot Ariyono, Director General of Mineral and Coal at the Ministry of ESDM, said that the summoning of both parties to ensure the price of nickel purchased by smelter businessmen in accordance with existing regulations.

The current regulation stipulatenickel ore exports below 1.7% in 2022. But in the new regulation later, the government stipulates that the purchase price of nickel must be in accordance with the Reference Mineral Price (HMA).

"The minister reminded that the purchase of domestic nickel prices must refer to the reference mineral price. Every month it comes out," said Bambang at the ESDM Ministry Office, Jakarta, Monday (2/9).

Bambang admitted that he had not found authentic evidence that the price of nickel purchased by smelter entrepreneurs in the country was below the market price including the export price...

"For this reason, we hope that the Indonesian House of Representatives can issue policies on price certainty and regulations that can be used as a standard

for national nickel mining

"Untuk itu, kami berharap DPR RI dapat mengeluarkan kebijakan teharga dan regulasi yang dapat dijadikan sebagai pedoman baku bagi para pelaku usaha tambang nikel nasional," kata Meidy

menambahkan.♦

Discussing Prices, the Government Summon Nickel

Producers and Smelter

of Energy and Mineral

Resources (ESDM) will summon nickel producers and smelter or smelter owners as a follow up to the policy of accelerating

ng Gatot Ariyono, Director General of Mineral and Coal at the Ministry of ESDM, said that the summoning of both parties to ensure the price of nickel purchased by smelter businessmen in accordance with existing regulations.

The current regulation stipulates a ban on nickel ore exports below 1.7% in 2022. But in the new regulation later, the govern-ment stipulates that the purchase price of nickel must be in accordance with the Reference Mineral Price (HMA).

"The minister reminded that the purchase ic nickel prices must refer to the

reference mineral price. Every month it comes out," said Bambang at the ESDM Ministry Office, Jakarta, Monday (2/9).

Bambang admitted that he had not found authentic evidence that the price of nickel

entrepreneurs in the country was below the market price

Bahas Harga, Pemerintah Segera Panggil Produsen Nikel dan

Pengusaha SmelterRio Indrawan


Mineral (ESDM) akan memanggil para produsen nikel serta para pemilik pabrik pengolahan dan pemurnian atau smelter sebagai tindak lanjut dari kebijakan percepatan larangan ekspor bijih nikel.

Bambang Gatot Ariyono, Direktur Jenderal Mineral dan Batu Bara Kementerian ESDM, mengatakan pemanggilan kedua pihak untuk memastikan harga nikel yang dibelipara pengusaha smelter dalam negeri sesuai dengan aturan yang ada.

Pada aturan yang berlaku saat inimenetapkan larangan ekspor bijih nikekadar dibawah 1,7% pada 2022. Namun pada aturan baru nantinya, pemerintah menetapkan bahwa harga beli nikel harus sesuai dengan Harga Mineral Acuan (HMA).

“Pak menteri mengingatkan bahwa pembelian harga nikel dalam negeri harus mengacu kepada harga minbulan keluar,” kata Bambang di Kantor Kementerian ESDM, Jakarta, Senin (2/9).

Bambang mengaku belum menemukan bukti otentik yang menunjukkan bahwa harga nikel yang dibeli para pengusaha smelter dalam negeri dibawah harga pasarantermasuk harga ekspor...

Page 19

"Untuk itu, kami berharap DPR RI dapat mengeluarkan kebijakan tentang kepastian harga dan regulasi yang dapat dijadikan sebagai pedoman baku bagi para pelaku usaha tambang nikel nasional," kata Meidy

Bahas Harga, Pemerintah Segera Panggil Produsen Nikel dan

Pengusaha Smelter Rio Indrawan


Mineral (ESDM) akan memanggil para produsen nikel serta para pemilik pabrik pengolahan dan pemurnian atau smelter sebagai tindak lanjut dari kebijakan percepatan larangan ekspor bijih nikel.

Bambang Gatot Ariyono, Direktur Jenderal Mineral dan Batu Bara Kementerian ESDM, mengatakan pemanggilan kedua pihak untuk memastikan harga nikel yang dibeli para pengusaha smelter dalam negeri sesuai dengan aturan yang ada.

Pada aturan yang berlaku saat ini menetapkan larangan ekspor bijih nikel kadar dibawah 1,7% pada 2022. Namun pada aturan baru nantinya, pemerintah menetapkan bahwa harga beli nikel harus sesuai dengan Harga Mineral Acuan (HMA).

“Pak menteri mengingatkan bahwa pem-belian harga nikel dalam negeri harus meng-acu kepada harga mineral acuan. Setiap bulan keluar,” kata Bambang di Kantor Kementerian ESDM, Jakarta, Senin (2/9).

Bambang mengaku belum menemukan bukti otentik yang menunjukkan bahwa harga nikel yang dibeli para pengusaha smelter dalam negeri dibawah harga pasaran

...

IMA-Daily Update

including the export price which had caused nickel producers to prefer exports rather than selling their nickeldomestically. This phenomenon is the next work of the government in managing the mineral downstreaming of the country that is being addressed.

"Who says this price is too low? I met a smelter businessman, they say it's not like that. Now this is what we are fixing too. We call each other to meet each other," said Bambang.

Bambang further explained that the meeting would not be intended to pressure one of the parties, but rather to ensure the business ran smoothly business to business. In principle, the government needs both parties to develop the potential of the country's tin resources. One side of a nickel miner must be treated well in order to survive and produce sustainably, and get a profit. While on the other hand smelter entrepreneurs must also be empowered because of their function to process and purify and benefit.

"B to B, the minister gave guidelines must refer to the HMA, because if it is not from the tax side, the price is in accordance with the invoice, the government will actually suffer losses," Bambang said.

He asserted that there will be no new rules related to the sale and purchase price of domestic nickel in the future, including dismissing the discourse to set the price of the upper and lower limits. "There is no (new rules) still use as usual, use the HMA," said Bambang.

Meidy Katrin Lengkey, Secretary General of the Indonesian Nickel Mining Association (APNI), revealed that in practice there was an injustice in the country's nickel business. The price of nickel will drop when it is purchased by a domestic smelter due to an injustice in the process of determining nickel content.

including the export price which had caused nickel producers to prefer exports rather than selling their nickel domestically. This phenomenon is the next work of the government in managing the mineral downstreaming of the country that

"Who says this price is too low? I met a smelter businessman, they say it's not like that. Now this is what we are fixing too. We call each other to meet each other," said

Bambang further explained that the meeting ended to pressure one of the

parties, but rather to ensure the business ran smoothly business to business. In principle, the government needs both parties to develop the potential of the country's tin resources. One side of a nickel miner must be

ell in order to survive and produce sustainably, and get a profit. While on the other hand smelter entrepreneurs must also be empowered because of their function to

"B to B, the minister gave guidelines must , because if it is not from

the tax side, the price is in accordance with the invoice, the government will actually

He asserted that there will be no new rules related to the sale and purchase price of

uture, including dismissing the discourse to set the price of the upper and lower limits. "There is no (new rules) still use as usual, use the

Meidy Katrin Lengkey, Secretary General of the Indonesian Nickel Mining Association

revealed that in practice there was an injustice in the country's nickel business. The price of nickel will drop when it is purchased by a domestic smelter due to an injustice in the process of

termasuk harga ekspor yang selamasebabkan para produsen nikel lebih memilih ekspor dibanding menjual nikelnya ke dalam negeri. Fenomena itu menjadi pekerjaan selanjutnya pemerintah dalam tata kelola hilirisasi mineral tanah air yang dibenahi.

“Ini yang bilang harga terlalu rendah siaSaya ketemu pengusaha smelter,bilang tidak seperti itu. Nah ini yang sedang kami bereskan juga. Kami panggil masingmasing saling ketemu,” kata Bambang.

Lebih lanjut Bambang menjelaskan pertemuan tersebut nantinya bukan ditujukan untuk menekan salah satu pihak,untuk memastikan bisnis berjalan dengan lancar secara business to business. P

prinsipnya pemerintah membutuhkan kedua pihak untuk mengembangkan potensi sumber daya timah tanah air. Satu sisi penambang nikel harus diperlakukan dengan baik agar bisa bertahan dan berproduksi secara berkelanjutan, serta mendapatkan untung. Sementara di sisi lain pengusaha smelter juga harus diberdayakan karena fungsinya untuk mengolah dan memurnikan dan mendapatkan keuntungan.

“B to B pak menteri berikan pedoman harus mengacu HMA. karena kalau tidak dari sisi pajak kan sesuai harga yang invoice nanti yang rugi pemerintah malah,” kata Bambang.

Dia menegaskan tidak akan ada aturan baru terkait harga jual beli nikel domestik nantinya, termasuk menepis wacana untuk menetapkan harga batas atas dan batas bawah. “Tidak ada (aturan baru) tetap gunakan seperti biasa, pakai HMA,” ujar Bambang.

Meidy Katrin Lengkey, Sekretaris Jenderal Asosiasi Pertambangan Nikel Indonesia (APNI), mengungkapkan pada praktiknya ada ketidakadilan dalam bisnis nikel di tanah air. Harga nikel akan anjlok ketika dibeli smelter domestik lantaran adanya ketidakadilan dalam proses penetapan kadar nikel.

Page 20

termasuk harga ekspor yang selama ini sebabkan para produsen nikel lebih memilih ekspor dibanding menjual nikelnya ke dalam negeri. Fenomena itu menjadi pekerjaan selanjutnya pemerintah dalam tata kelola hilirisasi mineral tanah air yang

“Ini yang bilang harga terlalu rendah siapa? Saya ketemu pengusaha smelter, mereka bilang tidak seperti itu. Nah ini yang sedang kami bereskan juga. Kami panggil masing-masing saling ketemu,” kata Bambang.

Lebih lanjut Bambang menjelaskan per-temuan tersebut nantinya bukan ditujukan untuk menekan salah satu pihak, melainkan untuk memastikan bisnis berjalan dengan

business to business. Pada prinsipnya pemerintah membutuhkan kedua pihak untuk mengembangkan potensi sumber

tanah air. Satu sisi penambang nikel harus diperlakukan dengan baik agar bisa bertahan dan berproduksi secara ber-kelanjutan, serta mendapatkan untung. Sementara di sisi lain pengusaha smelter juga harus diberdayakan karena fungsinya untuk

murnikan dan mendapatkan

“B to B pak menteri berikan pedoman harus mengacu HMA. karena kalau tidak dari sisi pajak kan sesuai harga yang invoice nanti yang rugi pemerintah malah,” kata Bambang.

Dia menegaskan tidak akan ada aturan baru harga jual beli nikel domestik nantinya,

termasuk menepis wacana untuk menetapkan harga batas atas dan batas bawah. “Tidak ada (aturan baru) tetap gunakan seperti biasa, pakai HMA,” ujar Bambang.

Meidy Katrin Lengkey, Sekretaris Jenderal gan Nikel Indonesia

(APNI), mengungkapkan pada praktiknya ada ketidakadilan dalam bisnis nikel di tanah air. Harga nikel akan anjlok ketika dibeli smelter domestik lantaran adanya ketidakadilan dalam proses penetapan

IMA-Daily Update

Based on the government's dation in the Ministry of ESDM circular No. 05.E/30/DJB/2016 regarding surveyors in the framework of conducting sales or shipping activities for minerals and coal, there are five companies that have the right to determine nickel content in accordwith the Minister of Energy and Mineral Resources (ESDM) circular namelySucofindo, Surveyor Indonesia, Carsurin, Geo Service and Anindya (Citra Buana). The results of this assessment will be the basis for the payment of royalties for business actors to the state.

But the buyer in this case the smelter company actually appointed Intertek outside the company that has been appointed by the government to test the nickel content.

"The surveyors used are Intertek. That is what buyers use (nickel ore)," Meid

The result is a vast difference from the results of the test of nickel metal content between the results carried out by surveys when FOB with surveys when CIF (when goods arrive at consumers) differ greatly.

"When the FOB yes 1.7% of the results, bwhen surveyed again by Intertek to 1.3% or 1.5%. This is very much the difference, if zero commas is still reasonable,said. (RI)

Goldman Sachs: Nickel Prices Can Touch US$ 20,000/tonDwi Ayuningtyas, CNBC Indonesia

WORLD nickel prices closed higher again

yesterday (2/9/2019) after the Ministry of Energy and Natural Resources (ESDM) officially announced the ban on nickel ore exports as of January 1, 2020.

recommen-dation in the Ministry of ESDM circular No. 05.E/30/DJB/2016 regarding surveyors in the framework of conducting sales or shipping activities for minerals and coal, there are five companies that have the right to determine nickel content in accordance with the Minister of Energy and Mineral Resources (ESDM) circular namely Sucofindo, Surveyor Indonesia, Carsurin, Geo Service and Anindya (Citra Buana). The results of this assessment will be the basis for the payment of royalties for business

But the buyer in this case the smelter company actually appointed Intertek outside the company that has been appointed by the government to test the nickel content.

"The surveyors used are Intertek. That is what buyers use (nickel ore)," Meidy said.

The result is a vast difference from the results of the test of nickel metal content between the results carried out by surveys when FOB with surveys when CIF (when goods arrive at consumers) differ greatly.

"When the FOB yes 1.7% of the results, but when surveyed again by Intertek to 1.3% or 1.5%. This is very much the difference, if

ero commas is still reasonable," Meidy

Berdasarkan rekomendasi pemerintahdalam surat edaran Kementerian ESDM No 05.E/30/DJB/2016 tentang surveyor dalam rangka pelaksanaan kegiatan penjualan atau pengapalan mineral dan batubara ada lima perusahaan yang berhak menentukan kadar nikel sesuai dengan surat edaran menteri Energi dan Sumber Daya Mineral (ESDM) yakni Sucofindo, Surveyor Indonesia, Carsurin, Geo Service dan Anindya (Citra Buana). Hasil penilaian ini akan menjadi basis bagi pembayaran royalti pelaku usaha kepada negara.

Namun pembeli dalam hal ini perusahaan smelter justru menunjuk Intertek perdiluar yang telah ditunjuk oleh pemerintah untuk melakukan pengujian kadar nikel.

“Yang dipakai itu surveyornya Intertek. Itu yang gunakan pembeli (nikel ore),” kata Meidy.

Hasilnya terjadi perbedaan jauh dari hasil uji kadar logam nikel antara hasil yang dilakukan oleh survey saat FOB dengan survey pada saat CIF (ketika barang sampai di konsumen) berbeda sangat jauh.

“Sewaktu FOB ya 1,7% lah hasilnya, tapi saat disurvey lagi oleh Intertek menjadi 1,3% atau 1,5%. Ini kan jauh nol koma sekian masih wajar,” kata Meidy. (RI)

Goldman Sachs: Nickel Prices Can Touch US$ 20,000/ton Dwi Ayuningtyas, CNBC Indonesia

nickel prices closed higher again

yesterday (2/9/2019) after the Ministry of Energy and Natural Resources (ESDM) officially announced the ban on nickel ore

Goldman Sachs: Harga Nikel Bisa Sentuh US$ 20.000/ton

Dwi Ayuningtyas, CNBC Indonesia

HARGA nikel dunia kembali ditutup menguat

pada perdagangan kemarin (2/9/2019) setelah Kementerian Energi dan Sumber Daya Alam (ESDM) secara resmi mengumumkan larangan ekspor bijih nikel per 1 Januari 2020.

Page 21

Berdasarkan rekomendasi pemerintah dalam surat edaran Kementerian ESDM No 05.E/30/DJB/2016 tentang surveyor dalam rangka pelaksanaan kegiatan penjualan atau pengapalan mineral dan batubara ada lima perusahaan yang berhak menentukan kadar nikel sesuai dengan surat edaran menteri

Sumber Daya Mineral (ESDM) yakni Sucofindo, Surveyor Indonesia, Carsurin, Geo Service dan Anindya (Citra Buana). Hasil penilaian ini akan menjadi basis bagi pembayaran royalti pelaku usaha kepada

Namun pembeli dalam hal ini perusahaan u menunjuk Intertek per-usahaan

diluar yang telah ditunjuk oleh pemerintah untuk melakukan pengujian kadar nikel.

“Yang dipakai itu surveyornya Intertek. Itu yang gunakan pembeli (nikel ore),” kata

Hasilnya terjadi perbedaan jauh dari hasil r logam nikel antara hasil yang

dilakukan oleh survey saat FOB dengan survey pada saat CIF (ketika barang sampai di konsumen) berbeda sangat jauh.

“Sewaktu FOB ya 1,7% lah hasilnya, tapi saat disurvey lagi oleh Intertek menjadi 1,3%

sekali bedanya, kalau nol koma sekian masih wajar,” kata Meidy.

Goldman Sachs: Harga Nikel Bisa Sentuh US$ 20.000/ton

s, CNBC Indonesia

nikel dunia kembali ditutup menguat

pada perdagangan kemarin (2/9/2019) setelah Kementerian Energi dan Sumber Daya Alam (ESDM) secara resmi mengumumkan larangan ekspor bijih nikel per 1 Januari 2020.

IMA-Daily Update

Goldman Sachs in a note on Sundpredicted that the price of nickel on the LME exchange could touch the level of US$ 20,000 in the next 3 months, a level not seen since May 2014, reported by Reuters.

Indonesia's export ban will remove about 10% of the world's nickel supply and "create substantial supply uncertainty," the investment bank wrote in its note.

In the same note also written that after touching the level of US$ 20,000/ton, the price of nickel will fall to US$ 18,000/ton in six months, and towards US$ 16,000/ton in the next 12 months.

The price increase is based on the assumption that Indonesia will fully ban nickel ore exports by the end of this year. The reason is, until this moment there has been no official document that notifies if there are exceptions to the ban.

In the world metal exchange, theNovember delivery nickel contract at the London Metal Exchange (LME) yesterday even rose 5.3% to as low as US$ 18,850/ton which is the highest level in almost 5 years. Although finally closed with a thin gain of 0.89% to US$ 18,060/ton.

Meanwhile, the most widely traded nickel futures contract on the Shanghai Futures Exchange, namely SNIcv1, shot 6.5% to CNY 145,850/ton or US$ 20,563.11/ton which is the highest record of all time, as reported by Reuters.

For information, Indonesia is the world's largest producer of nickel ore which accounted for 26% of global nickel ore supply last year, according to data from the International Nickel Study Group, as reported by Reuters.

Furthermore, the export ban will affect the supply of nickel ore to China which is the world's largest nickel consumer.

Goldman Sachs in a note on Sunday predicted that the price of nickel on the LME exchange could touch the level of US$ 20,000 in the next 3 months, a level not seen since May 2014, reported by Reuters.

Indonesia's export ban will remove about 10% of the world's nickel supply and

substantial supply uncertainty," the investment bank wrote in its note.

In the same note also written that after touching the level of US$ 20,000/ton, the price of nickel will fall to US$ 18,000/ton in six months, and towards US$ 16,000/ton

The price increase is based on the assumption that Indonesia will fully ban nickel ore exports by the end of this year. The reason is, until this moment there has been no official document that notifies if there are exceptions to the ban.

rld metal exchange, the November delivery nickel contract at the London Metal Exchange (LME) yesterday even rose 5.3% to as low as US$ 18,850/ton which is the highest level in almost 5 years. Although finally closed with a thin gain of 0.89% to US$ 18,060/

Meanwhile, the most widely traded nickel futures contract on the Shanghai Futures Exchange, namely SNIcv1, shot 6.5% to CNY 145,850/ton or US$ 20,563.11/ton which is the highest record of all time, as

is the world's largest producer of nickel ore which accounted for 26% of global nickel ore supply last year, according to data from the International Nickel Study Group, as

Furthermore, the export ban will affect the re to China which is the

world's largest nickel consumer.

Goldman Sachs dalam catatan hari Minggu memprediksi bahwa harga nikel di bursa LME dapat menyentuh level US$ 20.000 dalam 3 bulan ke depan, level yang tidak pernah dilihat sejak Mei 2014, dilansir dari Reuters.

Pelarangan ekspor oleh Indonesia akan meng-hapus sekitar 10% pasokan nikel dunia dan "menciptakan ketidakpastian pasokan yang substansial," tulis bank investasi tersebut dalam catatannya.

Dalam catatan yang sama juga tertulis bahwa setelah menyentuh level US$ 20.000/ton, harga nikel akan turun ke US$ 18.000/ton dalam enam bulan, dan menuju US$ 16.000/ton dalam 12 bulan ke depan.

Peningkatan harga tersebut berdasarkan asumsi bahwa Indonesia akan sepenuhnya melarang ekspor bijih nikel pada akhhingga detik ini belum ada dokumen resmi yang memberitahukan jika terdapat pengecualian dalam larangan tersebut.

Di bursa logam dunia, Kontrak nikel pengiNovember di bursa London Metal Exchange (LME) kemarin bahkan sempat nailevel US$ 18,850/ton yang merupakan level tertinggi hampir dalam 5 tahun terakhir. Meskipun akhirnya ditutup dengan penguatan tipis 0,89% menjadi US$ 18.060/ ton.

Sementara itu, Kontrak nikel berjangka yang paling banyak diperdagangkan di bursa Shanghai Futures Exchange, yakni SNIcv1, melesat 6,5% ke level CNY 145.850/ton atau setara US$ 20.563,11/ton yang merupakan rekor tertinggi sepanjang masa, seperti diwartakan Reuters.

Sebagai informasi, Indonesia merupakan produsen bijih nikel terbesar di dunia yang menyumbang 26% pasokan bijih nikel global tahun lalu, berdasarkan data dari International Nickel Study Group, seperti diwartakan Reuters.

Lebih lanjut, larangan ekspor akan pengaruhi pasokan bijih nikel ke China yang merupakan konsumen nikel terbesar di dunia.

Page 22

Goldman Sachs dalam catatan hari Minggu memprediksi bahwa harga nikel di bursa LME dapat menyentuh level US$ 20.000 dalam 3 bulan ke depan, level yang tidak pernah dilihat

dari Reuters.

Pelarangan ekspor oleh Indonesia akan hapus sekitar 10% pasokan nikel

dunia dan "menciptakan ketidakpastian pasokan yang substansial," tulis bank investasi tersebut dalam catatannya.

Dalam catatan yang sama juga tertulis bahwa nyentuh level US$ 20.000/ton,

harga nikel akan turun ke US$ 18.000/ton dalam enam bulan, dan menuju US$ 16.000/ ton dalam 12 bulan ke depan.

Peningkatan harga tersebut berdasarkan asumsi bahwa Indonesia akan sepenuhnya melarang ekspor bijih nikel pada akhir tahun ini. Pasalnya, hingga detik ini belum ada dokumen resmi yang memberitahukan jika terdapat pengecualian

Di bursa logam dunia, Kontrak nikel pengi-riman November di bursa London Metal Exchange (LME) kemarin bahkan sempat naik 5,3% ke level US$ 18,850/ton yang merupakan level tertinggi hampir dalam 5 tahun terakhir. Meskipun akhirnya ditutup dengan penguatan tipis 0,89% menjadi US$ 18.060/ ton.

Sementara itu, Kontrak nikel berjangka yang paling banyak diperdagangkan di bursa

hanghai Futures Exchange, yakni SNIcv1, melesat 6,5% ke level CNY 145.850/ton atau setara US$ 20.563,11/ton yang merupakan rekor tertinggi sepanjang masa, seperti di-

Sebagai informasi, Indonesia merupakan produsen bijih nikel terbesar di dunia yang menyumbang 26% pasokan bijih nikel global tahun lalu, berdasarkan data dari International Nickel Study Group, seperti

Lebih lanjut, larangan ekspor akan mem-pengaruhi pasokan bijih nikel ke China yang merupakan konsumen nikel terbesar di

IMA-Daily Update

One of the research institutions of the metal industry association in China,

Antaike, wrote in a note on Monday (2/9/2019) that the global nickel market

will experience a deficit of 100,000 tons by

2020 due to the ban, reported by Reuters.

Ataike Head of Research Xu Aidong said that nickel ore inventories at the port of

China were at 13.33 million tons as of the

end of August, of which 2.76 million tons

were from Indonesia and 10.46 million tons were from the Philippines.

"Maybe some Philippine nickel ores can replace or offset the shortfall, but it still

cannot meet all the requirements for

Chinese companies because the levels of

Philippine nickel ore are lower than

Indonesia," Xu said as quoted by Reuters.

The government officially announced yesterday the ban on Nickel exports. "We

have signed the ESDM MinisterialRegulation regarding the termination of

the incentive to export nickel ore for the

construction of smelters as of January 1,

2020," said Bambang Gatot, Director

General and Coal Minerals of the Ministry

of ESDM, on Monday (02/09/2019).

INDONESIA RESEARCH TEAM (dwa/hps)

Indonesia’s nickel ban shows resource nationalism on the march

INDONESIA will enforce a complete ban on the export of raw nickel ore from Jan. 1, two

years earlier than planned, as the nation seeks to lock in supplies for dozens of smelters that are under construction and buttress a drive to build out local processing capacitysaid.

The suspension is also in line with a plan to preserve lowand lithium for use in electric batteries, Bambang Gatot Ariyono, director general for mineral and coal at the Energy and Mineral Resources Mi

One of the research institutions of the metal industry association in China,

Antaike, wrote in a note on Monday (2/9/2019) that the global nickel market

ience a deficit of 100,000 tons by

2020 due to the ban, reported by Reuters.

Ataike Head of Research Xu Aidong said that nickel ore inventories at the port of

China were at 13.33 million tons as of the

end of August, of which 2.76 million tons

donesia and 10.46 million tons were from the Philippines.

"Maybe some Philippine nickel ores can replace or offset the shortfall, but it still

cannot meet all the requirements for

Chinese companies because the levels of

Philippine nickel ore are lower than

Indonesia," Xu said as quoted by Reuters.

The government officially announced yesterday the ban on Nickel exports. "We

have signed the ESDM Ministerial Regulation regarding the termination of

the incentive to export nickel ore for the

ters as of January 1,

2020," said Bambang Gatot, Director

General and Coal Minerals of the Ministry

of ESDM, on Monday (02/09/2019). CNBC

INDONESIA RESEARCH TEAM (dwa/hps)

Salah satu lembaga riset dari asosiasi industri logam di China, Antaike, menuliskan dalam sebuah catatan pada hari Senin (2/9/2019) bahwa pasar nikel global akan mengalami defisit 100.000 ton pada 2020 dikarenakan larangan tersebut, dilansir dari Reuters.

Kepala Riset Ataike Xu Aidong menyampaikan bahwa persediaan bijih nikel di pelabuhan Negeri Tiongkok ada di 13,33 juta ton per akhir Agustus, dimana 2,76 juta ton berasal dari Indonesia dan 10,46 juta ton berasal dari Filipina.

"Mungkin beberapa bijih nikel Filipina dapat menggantikan atau mengimbangi kekurangan tersebut, tetapi dapat memenuhi semua persyaratan bagi perusahaan China karena kadar bijih nikel Filipina lebih rendah dari Indonesia," ujar Xu seperti dilansir dari Reuters.

Pemerintah kemarin secara resmi mengumumkan pelarangan ekspor Nikel. "Kami sudah tanda tangan Permen ESDM mengenai yang intinya penghentian untuk insentif ekspor bijih nikel bagi pembangunan smelter per tanggal 1 Januari 2020," ujar Bambang Gatot, Direktur Jenderal dan Mineral Batubara Kementerian ESDM, pada Senin (2/9/2019). TIM RISET CN

(dwa/hps)

Indonesia’s nickel ban shows resource nationalism on the marchBloomberg News

will enforce a complete ban on the export of raw nickel ore from Jan. 1, two

years earlier than planned, as the nation seeks to lock in supplies for dozens of smelters that are under construction and buttress a drive to build out local processing capacity

The suspension is also in line with a plan to preserve low-grade nickel ore containing cobalt and lithium for use in electric batteries, Bambang Gatot Ariyono, director general for mineral and coal at the Energy and Mineral Resources Ministry, told reporters on Monday.

Page 23

Salah satu lembaga riset dari asosiasi industri logam di China, Antaike, menulis-

dalam sebuah catatan pada hari Senin (2/9/2019) bahwa pasar nikel global akan mengalami defisit 100.000 ton pada 2020 dikarenakan larangan tersebut, dilansir dari

Kepala Riset Ataike Xu Aidong menyampai-kan bahwa persediaan bijih nikel di pelabuhan Negeri Tiongkok ada di 13,33 juta ton per akhir Agustus, dimana 2,76 juta ton berasal dari Indonesia dan 10,46 juta ton berasal dari Filipina.

"Mungkin beberapa bijih nikel Filipina dapat menggantikan atau mengimbangi kekurangan tersebut, tetapi tetap tidak dapat memenuhi semua persyaratan bagi perusahaan China karena kadar bijih nikel Filipina lebih rendah dari Indonesia," ujar Xu seperti dilansir dari Reuters.

Pemerintah kemarin secara resmi meng-umumkan pelarangan ekspor Nikel. "Kami

a tangan Permen ESDM menge-nai yang intinya penghentian untuk insentif ekspor bijih nikel bagi pembangunan smelter per tanggal 1 Januari 2020," ujar Bambang Gatot, Direktur Jenderal dan

ara Kementerian ESDM, pada TIM RISET CNBC INDONESIA

Indonesia’s nickel ban shows resource nationalism on the march

will enforce a complete ban on the export of raw nickel ore from Jan. 1, two

years earlier than planned, as the nation seeks to lock in supplies for dozens of smelters that are under construction and buttress a drive to build out local processing capacity, an official

grade nickel ore containing cobalt and lithium for use in electric batteries, Bambang Gatot Ariyono, director general for mineral

nistry, told reporters on Monday.

IMA-Daily Update

Miners with outstanding permits to export nickel ore may ship the mineral until the yearhe said.

“The government decided — after weighing all the pros and cons smelter building,” Ariyono said at the briefing in Jakarta. “So we took the initiative to stop

exports of nickel ores of all quality.”

Indonesia has been at the forefront of efforts in emerging markets to extend its sway over

local commodity riches by boosting control of top mines, been developed by Freeport-McMoran Inc., and insisting more processing is done at home.

In nickel, the rule changes —choke off the flow of raw material overseas.

Widodo, who’s about to embark on a second, final five

While Indonesia has an estimated nickel ore reserves of 2.8 billion metric tons, proven stockpiles are only about 600 million to 700 million tons

set to be home to about 36 smelters, annual nickel ore demand will soar to 81 million tons

from about 24 million tons now, he said.

‘Technology is advancing’

“If we continue free exports, the proven reserves will be enyears,” Ariyono said. “The technology is advancing, so smelters can process low

ores and they can be used for batteries to help Indonesia meet its electric

Nickel prices rallied for a second day aftforward the ban. The earlier than initially planned ban will apply only to nickel ore, allowing

bauxite and copper concentrates to be shipped with permits until 2022, Ariyono said.

This isn’t the first time that Indonesia has shifted a planned timeline for curbs on ore exports. The government imposed a blanket ban on shipments in 2014 only to relax it in 2017,

allowing overseas sales of surplus, lowerconstruction.

With exports linked to construction of smelters, miners have rushed to set up processing units, mainly in the country’s Sulawesi region. Several overseas firms are planning battery

grade nickel facilities in Indonesia, including China’s Tsingshan

Vale Indonesia, a unit of the Brazilian mining giant.

Exports of nickel ore totaled 13.3 million tons in the seven months through July out of 23.6 million tons of ore cleared for shipment, official data showed. Shipments were 20 m

in 2018, with the government issuing recommendations for a total of 76.3 million tons since

the ban on exports was relaxed in 2017.

The amendment to bring forward the ban, signed by Energy and Mineral Resources Minister Ignasius Jonan, is expected to be cleared by the Ministry of Law and Human Rights on

Monday, Ariyono said. (By Eko Listiyorini)

Miners with outstanding permits to export nickel ore may ship the mineral until the year

after weighing all the pros and cons — that we want to expedite said at the briefing in Jakarta. “So we took the initiative to stop

exports of nickel ores of all quality.”


local commodity riches by boosting control of top mines, including the copper trove that’s McMoran Inc., and insisting more processing is done at home.

— which had been the subject of extended speculation choke off the flow of raw material overseas. The shift has been endorsed by President Joko

Widodo, who’s about to embark on a second, final five-year term.

While Indonesia has an estimated nickel ore reserves of 2.8 billion metric tons, proven stockpiles are only about 600 million to 700 million tons, Ariyono said. With the country soon


from about 24 million tons now, he said.

“If we continue free exports, the proven reserves will be enough only for seven to eight years,” Ariyono said. “The technology is advancing, so smelters can process low

ores and they can be used for batteries to help Indonesia meet its electric

Nickel prices rallied for a second day after Indonesia first said on Friday that it will bring forward the ban. The earlier than initially planned ban will apply only to nickel ore, allowing


ime that Indonesia has shifted a planned timeline for curbs on ore exports. The government imposed a blanket ban on shipments in 2014 only to relax it in 2017,

allowing overseas sales of surplus, lower-grade nickel ore of below 1.7% to finance smelter

With exports linked to construction of smelters, miners have rushed to set up processing units, mainly in the country’s Sulawesi region. Several overseas firms are planning battery

grade nickel facilities in Indonesia, including China’s Tsingshan Holding Group Co. and PT

Vale Indonesia, a unit of the Brazilian mining giant.

Exports of nickel ore totaled 13.3 million tons in the seven months through July out of 23.6 million tons of ore cleared for shipment, official data showed. Shipments were 20 m


the ban on exports was relaxed in 2017.

The amendment to bring forward the ban, signed by Energy and Mineral Resources Minister ted to be cleared by the Ministry of Law and Human Rights on

Eko Listiyorini)

Page 24

Miners with outstanding permits to export nickel ore may ship the mineral until the year-end,

that we want to expedite said at the briefing in Jakarta. “So we took the initiative to stop


including the copper trove that’s McMoran Inc., and insisting more processing is done at home.

which had been the subject of extended speculation — will The shift has been endorsed by President Joko

While Indonesia has an estimated nickel ore reserves of 2.8 billion metric tons, proven , Ariyono said. With the country soon


ough only for seven to eight years,” Ariyono said. “The technology is advancing, so smelters can process low-grade nickel

ores and they can be used for batteries to help Indonesia meet its electric-vehicle goals.”

er Indonesia first said on Friday that it will bring forward the ban. The earlier than initially planned ban will apply only to nickel ore, allowing


ime that Indonesia has shifted a planned timeline for curbs on ore exports. The government imposed a blanket ban on shipments in 2014 only to relax it in 2017,

grade nickel ore of below 1.7% to finance smelter

With exports linked to construction of smelters, miners have rushed to set up processing units, mainly in the country’s Sulawesi region. Several overseas firms are planning battery-

Holding Group Co. and PT

Exports of nickel ore totaled 13.3 million tons in the seven months through July out of 23.6 million tons of ore cleared for shipment, official data showed. Shipments were 20 million tons


The amendment to bring forward the ban, signed by Energy and Mineral Resources Minister ted to be cleared by the Ministry of Law and Human Rights on

IMA-Daily Update

Indonesia gets tough on mining companies on construction of

Wahyudi Soeriaatmadja

IN A BOLD move to ensure mining companies meet their commitments to build processing

plants or smelters, Indonesia has decided to imposemonth, if they fail to make progress on construction as planned.

The fines could amount to the equivalent of 20 per cent of the value of unprocessed mineral exports - such as nickel ore, raw bauxite and copper

President Joko Widodo's administration is pushing for mining companies to climb up the value chain and ship value-added intermediate products overseas, as opposed to just the raw mineral that attracts less export revenue.

Indonesia is trying to tackle a widening current account deficit economy imports more goods and services than it exports slowdown. Its current account deficit reached US$31.1 billion (S$43.2 billion) in 2018.

The Aug 26 ministerial decree, a copy of which was seen by The Straits Times, also requires a mining company to pay upfront to the state 5 per cent of its raw mineral export value before making any shipment overseas, as a partial guarantee to meet its committed constplans.

These guarantee payments would be refunded if threecompleted. Checks would be conducted every six months by an independent appraiser and a minimum 90 per cent of construction targets must be met.

"This (guarantee fund) applies to the exports of all minerals, including nickel," Yunus Saefulhak, a director at the energy ministry, told The Straits Times on Monday (Sept 2). Indonesia exports raw nickel, bauxite and copper, among other things.

Companies which are delinquent in paying their fines could lose their export permits or ordered to stop operations for up to 60 days. Failure to pay would cause them to lose their mining licences.

Indonesia has decided to ban exports of nickel ore, the raw material used and batteries, from December, two years earlier than planned.

The top global source of nickel ore, the country has issued permits to miners to export a total 76.3 million tonnes of nickel ore between 2017 and this year. As at the end of of this amount has been shipped overseas.

Indonesia currently has 11 nickel smelters, with an total annual capacity of processing 24.1 million tonnes of ore, but only has two smelters for bauxite and copper each. Another 25 nickel smelters are under construction.

The figures were released at a media briefing on Monday by Mr Bambang Gatot Ariyono, director general of mineral resources and coal at the energy and mineral resources ministry, where he explained why nickel was the only one affect

Indonesia gets tough on mining companies on construction of processing plants

Wahyudi Soeriaatmadja | Indonesia Correspondent

move to ensure mining companies meet their commitments to build processing

plants or smelters, Indonesia has decided to impose big fines on them, payable within a month, if they fail to make progress on construction as planned.

The fines could amount to the equivalent of 20 per cent of the value of unprocessed mineral such as nickel ore, raw bauxite and copper - in the past six months.

President Joko Widodo's administration is pushing for mining companies to climb up the added intermediate products overseas, as opposed to just the raw

mineral that attracts less export revenue.

ng to tackle a widening current account deficit - Southeconomy imports more goods and services than it exports - amid a global economic slowdown. Its current account deficit reached US$31.1 billion (S$43.2 billion) in 2018.

ministerial decree, a copy of which was seen by The Straits Times, also requires a mining company to pay upfront to the state 5 per cent of its raw mineral export value before making any shipment overseas, as a partial guarantee to meet its committed const

These guarantee payments would be refunded if three-fourths of construction work is completed. Checks would be conducted every six months by an independent appraiser and a minimum 90 per cent of construction targets must be met.

(guarantee fund) applies to the exports of all minerals, including nickel," Yunus Saefulhak, a director at the energy ministry, told The Straits Times on Monday (Sept 2). Indonesia exports raw nickel, bauxite and copper, among other things.

are delinquent in paying their fines could lose their export permits or ordered to stop operations for up to 60 days. Failure to pay would cause them to lose their

Indonesia has decided to ban exports of nickel ore, the raw material used and batteries, from December, two years earlier than planned.

The top global source of nickel ore, the country has issued permits to miners to export a total 76.3 million tonnes of nickel ore between 2017 and this year. As at the end of of this amount has been shipped overseas.

Indonesia currently has 11 nickel smelters, with an total annual capacity of processing 24.1 million tonnes of ore, but only has two smelters for bauxite and copper each. Another 25

are under construction.

The figures were released at a media briefing on Monday by Mr Bambang Gatot Ariyono, director general of mineral resources and coal at the energy and mineral resources ministry, where he explained why nickel was the only one affected by the early ban.

Page 25

Indonesia gets tough on mining companies on construction of

move to ensure mining companies meet their commitments to build processing

big fines on them, payable within a

The fines could amount to the equivalent of 20 per cent of the value of unprocessed mineral past six months.

President Joko Widodo's administration is pushing for mining companies to climb up the added intermediate products overseas, as opposed to just the raw

South-east Asia's largest amid a global economic

slowdown. Its current account deficit reached US$31.1 billion (S$43.2 billion) in 2018.

ministerial decree, a copy of which was seen by The Straits Times, also requires a mining company to pay upfront to the state 5 per cent of its raw mineral export value before making any shipment overseas, as a partial guarantee to meet its committed construction

fourths of construction work is completed. Checks would be conducted every six months by an independent appraiser and a

(guarantee fund) applies to the exports of all minerals, including nickel," Yunus Saefulhak, a director at the energy ministry, told The Straits Times on Monday (Sept 2).

are delinquent in paying their fines could lose their export permits or ordered to stop operations for up to 60 days. Failure to pay would cause them to lose their

Indonesia has decided to ban exports of nickel ore, the raw material used in stainless steel

The top global source of nickel ore, the country has issued permits to miners to export a total 76.3 million tonnes of nickel ore between 2017 and this year. As at the end of July, about half

Indonesia currently has 11 nickel smelters, with an total annual capacity of processing 24.1 million tonnes of ore, but only has two smelters for bauxite and copper each. Another 25

The figures were released at a media briefing on Monday by Mr Bambang Gatot Ariyono, director general of mineral resources and coal at the energy and mineral resources ministry,

ed by the early ban.

IMA-Daily Update

"We have built an adequate number of nickel smelters and the latest technology today is able

to extract cobalt from low grade nickel ore. Cobalt is an important component to make

electric car batteries," said Mr Bambang.

Nickel makes up 80 per cent of Tesla's Model S car battery components. Cobalt makes up 15

per cent and aluminium the rest.

Indonesia has decided to open up the country to investment for the manufacture of electric

vehicles, and investors from China and Japan, among othe

to build a plan in Central Sulawesi province to produce battery

electric car batteries.♦

Coal India output drops 10.3 per cent in August

COAL India (CIL) Sunday said its production in August fell by 10.3 per cent to 34.77 million

tonnes.

CIL's production in the same month a year ago stood at 38.78 million tonnes.

Coal offtake during August too contracted by 10.4 per cent to 40.47 million tonnescompared with 45.15 million tonnes in the yearthe BSE.

The production and offtake figures are provisional, the company said.

During the April-August period of this fiscal, coal output reported a dip of 2.8210.23 million tonnes, as against 216.21 million tonnes in the year

The coal offtake during the five

tonnes.♦

Codelco profits plunge on falling copper price,

WORLD top copper producer Codelco saw profits plunge 74% to $318

half of 2019, the company said on Friday, as the Chilean State miner confronted fglobally and labor strife at its flagship Chuquicamata mine in northern Chile.

Outgoing CEO Nelson Pizarro second quarter", in a presentation at the company's headquarters in Santiago, but said the company was still on track to hit 1.7



electric car batteries," said Mr Bambang.

p 80 per cent of Tesla's Model S car battery components. Cobalt makes up 15

per cent and aluminium the rest.


vehicles, and investors from China and Japan, among others, have tied up with local partners

to build a plan in Central Sulawesi province to produce battery-grade nickel


India (CIL) Sunday said its production in August fell by 10.3 per cent to 34.77 million


Coal offtake during August too contracted by 10.4 per cent to 40.47 million tonnescompared with 45.15 million tonnes in the year-ago month, CIL said in a regulatory filing to

The production and offtake figures are provisional, the company said.

August period of this fiscal, coal output reported a dip of 2.8210.23 million tonnes, as against 216.21 million tonnes in the year-ago period.

The coal offtake during the five-month period too contracted by 2.5 per cent to 240.57 million

Codelco profits plunge on falling copper price, labour strifeBy: Reuters

top copper producer Codelco saw profits plunge 74% to $318

half of 2019, the company said on Friday, as the Chilean State miner confronted fglobally and labor strife at its flagship Chuquicamata mine in northern Chile.

told reporters Codelco had "faced an incredibly challenging second quarter", in a presentation at the company's headquarters in Santiago, but said the company was still on track to hit 1.7-million tonnes of total production in 2019.

Page 26



p 80 per cent of Tesla's Model S car battery components. Cobalt makes up 15


rs, have tied up with local partners

grade nickel chemicals for


India (CIL) Sunday said its production in August fell by 10.3 per cent to 34.77 million


Coal offtake during August too contracted by 10.4 per cent to 40.47 million tonnes as ago month, CIL said in a regulatory filing to

August period of this fiscal, coal output reported a dip of 2.8 per cent to ago period.

month period too contracted by 2.5 per cent to 240.57 million

labour strife

top copper producer Codelco saw profits plunge 74% to $318-million in the first

half of 2019, the company said on Friday, as the Chilean State miner confronted falling prices globally and labor strife at its flagship Chuquicamata mine in northern Chile.

told reporters Codelco had "faced an incredibly challenging second quarter", in a presentation at the company's headquarters in Santiago, but said the

million tonnes of total production in 2019.

IMA-Daily Update

Codelco reported it had produced 710 000 t at its own mines in the first half of 2019, a drop of 13 percent versus the previous year. Together with production from Chilean operations coowned with Anglo American and Freeport, the company's total production hit 769 000 t in the January to June period.

"In this first half, we got hit with everything. We started with heavy rains and from there the difficulties didn't let up," he said.

Codelco is fighting to maintain production from its aging mines with a tenplan to overhaul its flagship mines amid sharply falling ore grades and wavering markets.

Despite the challenges, Codelco reported production costs had fallen slightly to $1.42/lb of copper.

Pizarro said Codelco estimated the copper price per pound would land b$2.88 in 2019, a wide range he blamed on continuing global trade tensions. He said he

believed "demand would normalise in a couple of years."

Philippines’ nickel miners to boost ore output as Jakarta sets

PHILIPPINE nickel miners are expected to boost ore production next year when Indonesia

bans exports of the raw material used in stainless steel and batteries, the head of the local nickel miners’ lobby group told Reuters on Monday.

“This supposed export ban from Indoneparticularly next year once it takes effect simultaneous with the start of the mining season,” Dante R. Bravo, president of the Philippine Nickel Industry Association, said.

The Philippines, which has 29 nicmining season in October, when heavy rains and strong winds hamper mining and shipping operations. Production resumes in March or April of the following year.

Indonesian ore was generally of a hi

“However, Chinese smelters have been able to process our lower grade ores, so supply of lower grade ores coming from the Philippines is not an issue,” said Mr. Bravo, who is also president of Global Ferronickel Holdings Inc., the Philippines’ secondproducer and exporter.

Indonesia’s Energy and Mineral Resources Minister Ignasius Jonan said he has signed a new regulation on banning ore exports, according to a voice recording verified by spokesman, sending nickel prices soaring on Friday.

Nickel prices in Shanghai hit a record high on Monday, while they jumped to a fivein London following Indonesia’s move.

Mr. Jonan, speaking to journalists in Yogyakarta, said nickel end-December.

d produced 710 000 t at its own mines in the first half of 2019, a drop of 13 percent versus the previous year. Together with production from Chilean operations coowned with Anglo American and Freeport, the company's total production hit 769 000 t in

"In this first half, we got hit with everything. We started with heavy rains and from there the difficulties didn't let up," he said.

Codelco is fighting to maintain production from its aging mines with a tento overhaul its flagship mines amid sharply falling ore grades and wavering markets.

Despite the challenges, Codelco reported production costs had fallen slightly to $1.42/lb of

Pizarro said Codelco estimated the copper price per pound would land b$2.88 in 2019, a wide range he blamed on continuing global trade tensions. He said he

believed "demand would normalise in a couple of years."♦

Philippines’ nickel miners to boost ore output as Jakarta sets shipment ban

ckel miners are expected to boost ore production next year when Indonesia

bans exports of the raw material used in stainless steel and batteries, the head of the local nickel miners’ lobby group told Reuters on Monday.

“This supposed export ban from Indonesia will boost production from the local miners, particularly next year once it takes effect simultaneous with the start of the mining season,” Dante R. Bravo, president of the Philippine Nickel Industry Association, said.

The Philippines, which has 29 nickel mines and two nickel processing plants, usually ends its mining season in October, when heavy rains and strong winds hamper mining and shipping operations. Production resumes in March or April of the following year.

Indonesian ore was generally of a higher grade than ore from the Philippines, he noted.

“However, Chinese smelters have been able to process our lower grade ores, so supply of lower grade ores coming from the Philippines is not an issue,” said Mr. Bravo, who is also

nickel Holdings Inc., the Philippines’ second

Indonesia’s Energy and Mineral Resources Minister Ignasius Jonan said he has signed a new regulation on banning ore exports, according to a voice recording verified by spokesman, sending nickel prices soaring on Friday.

Nickel prices in Shanghai hit a record high on Monday, while they jumped to a fivein London following Indonesia’s move.

Mr. Jonan, speaking to journalists in Yogyakarta, said nickel ore exports will be allowed until

Page 27

d produced 710 000 t at its own mines in the first half of 2019, a drop of 13 percent versus the previous year. Together with production from Chilean operations co-owned with Anglo American and Freeport, the company's total production hit 769 000 t in

"In this first half, we got hit with everything. We started with heavy rains and from there the

Codelco is fighting to maintain production from its aging mines with a ten-year, $40-billion to overhaul its flagship mines amid sharply falling ore grades and wavering markets.

Despite the challenges, Codelco reported production costs had fallen slightly to $1.42/lb of

Pizarro said Codelco estimated the copper price per pound would land between $2.47 and $2.88 in 2019, a wide range he blamed on continuing global trade tensions. He said he

Philippines’ nickel miners to boost ore output as Jakarta sets

ckel miners are expected to boost ore production next year when Indonesia

bans exports of the raw material used in stainless steel and batteries, the head of the local

sia will boost production from the local miners, particularly next year once it takes effect simultaneous with the start of the mining season,” Dante R. Bravo, president of the Philippine Nickel Industry Association, said.

kel mines and two nickel processing plants, usually ends its mining season in October, when heavy rains and strong winds hamper mining and shipping

gher grade than ore from the Philippines, he noted.

“However, Chinese smelters have been able to process our lower grade ores, so supply of lower grade ores coming from the Philippines is not an issue,” said Mr. Bravo, who is also

nickel Holdings Inc., the Philippines’ second-biggest nickel ore

Indonesia’s Energy and Mineral Resources Minister Ignasius Jonan said he has signed a new regulation on banning ore exports, according to a voice recording verified by a ministry

Nickel prices in Shanghai hit a record high on Monday, while they jumped to a five-year high

ore exports will be allowed until

IMA-Daily Update

Mr. Bravo did not give any estimate on Philippine ore output and shipments next year, but he

said Indonesia’s policy move will pave the way for increased sales of lower

and 1.4% nickel ores.

The Philippines has lost some share of the huge Chinese nickel ore market to Indonesia after

the latter lifted its previous ban on mineral exports in 2017, as Chinese buyers preferred

higher-grade ores.

Amid increased supply from Indonesia, the local nicke

in ore production this year, from about 30 million wet metric tons in 2018.

They also expected the government’s move to limit mining areas to hurt their operations.

The Philippines’ new mining curbs that took effect f

that miners can develop at any one time, a move aimed at protecting the environment.

Reuters

Coal production rises and prices fall in the first half of the year, a number of power companies exploded

AFFECTED by the increase in coal production and falling prices, the performance of a

number of power enterprises exploded in the first half of this year.

Take Changyuan Electric Power as an example, from January to June, the company achieved

operating income of 3.403 billion yuan, an increase of 17.75% over the same period last year,

and the net profit attributable to the shareholders of listed companies was 255 million yuan,

an increase of 955.17% over the same period last year.

In addition, from January to June 2

shareholders of the parent company was RMB 1.652 billion, an increase of 67.43 per cent

over the same period last year. According to the semi

Power, operating income in the first half of the year was 11.538 billion yuan, an increase of

4.55 percent over the same period last year, and net profit attributable to the parent company

was 624 million yuan, an increase of 71.2 percent over the same period last year.

Haixing Electric Power achieved operating income of 1.374 billion yuan in the first half of this

year, an increase of 16.69 percent over the same period last year, and a net profit of 281

million yuan, an increase of 72.66 percent over the same period last year. C

its semi-annual report in 2019, showing that in the first half of the year, the company

achieved operating income of 19.609 billion yuan, an increase of 10.25 percent over the same

period last year, and the net profit of the parent compan

of 44.92 percent over the same period last year.


said Indonesia’s policy move will pave the way for increased sales of lower



Amid increased supply from Indonesia, the local nickel industry had projected a 10



The Philippines’ new mining curbs that took effect from September last year limit the land

that miners can develop at any one time, a move aimed at protecting the environment.

Coal production rises and prices fall in the first half of the year, a number of power companies exploded

by the increase in coal production and falling prices, the performance of a

number of power enterprises exploded in the first half of this year.


403 billion yuan, an increase of 17.75% over the same period last year,


an increase of 955.17% over the same period last year.

In addition, from January to June 2019, Huadian International's net profit attributable to


over the same period last year. According to the semi-annual report of Shanghai Electric

in the first half of the year was 11.538 billion yuan, an increase of



Electric Power achieved operating income of 1.374 billion yuan in the first half of this


million yuan, an increase of 72.66 percent over the same period last year. C

annual report in 2019, showing that in the first half of the year, the company


period last year, and the net profit of the parent company was 2.276 billion yuan, an increase

of 44.92 percent over the same period last year.

Page 28


said Indonesia’s policy move will pave the way for increased sales of lower-grade 1.2%, 1.3%



l industry had projected a 10-20% drop



rom September last year limit the land

that miners can develop at any one time, a move aimed at protecting the environment. —

Coal production rises and prices fall in the first half of the year, a

by the increase in coal production and falling prices, the performance of a


403 billion yuan, an increase of 17.75% over the same period last year,


019, Huadian International's net profit attributable to


annual report of Shanghai Electric

in the first half of the year was 11.538 billion yuan, an increase of



Electric Power achieved operating income of 1.374 billion yuan in the first half of this


million yuan, an increase of 72.66 percent over the same period last year. CIC Power released

annual report in 2019, showing that in the first half of the year, the company


y was 2.276 billion yuan, an increase

IMA-Daily Update

Behind this, the decline in coal prices played an important role, such as Changyuan Electric Power pointed out that in the first half of this year, the company completedcomprehensive standard coal price of 747 yuan / ton, down 32.42 yuan / ton from the same period last year. Electricity generation rose year on year, coal prices fell, resulting in a net increase in operating profit of about 289.89 million yuan in the

It is expected that in the second half of the year, as the advanced production capacity of the coal market continues to be released in an orderly manner, railway transport capacity will increase, and under the control of the relevaof the coal market is expected to return to the green range, and the amplitude of shock will be reduced. Source: Cable network

Behind this, the decline in coal prices played an important role, such as Changyuan Electric Power pointed out that in the first half of this year, the company completedcomprehensive standard coal price of 747 yuan / ton, down 32.42 yuan / ton from the same period last year. Electricity generation rose year on year, coal prices fell, resulting in a net increase in operating profit of about 289.89 million yuan in the first half of this year.

It is expected that in the second half of the year, as the advanced production capacity of the coal market continues to be released in an orderly manner, railway transport capacity will increase, and under the control of the relevant national coal-related policies, the trading price of the coal market is expected to return to the green range, and the amplitude of shock will be

Page 29

Behind this, the decline in coal prices played an important role, such as Changyuan Electric Power pointed out that in the first half of this year, the company completed the comprehensive standard coal price of 747 yuan / ton, down 32.42 yuan / ton from the same period last year. Electricity generation rose year on year, coal prices fell, resulting in a net

first half of this year.

It is expected that in the second half of the year, as the advanced production capacity of the coal market continues to be released in an orderly manner, railway transport capacity will

related policies, the trading price of the coal market is expected to return to the green range, and the amplitude of shock will be

Documents

Indonesia to ban nickel exports from January 2020 · 2019. 9. 3. · IMA-Daily Update Indonesia to ban nickel exports from January 2020 THE ENERGY and Mineral Resources Ministry has