DEVELOPING NICKEL BASED INDUSTRY

Transkripsi

1 DEVELOPING NICKEL BASED INDUSTRY R. Sukhyar Indonesia Smelter and Mineral Processing Association (ISPA) 3rd Asian Nickel Conference Jakarta 22 September 2015

2 C Isi CONTENT I. Background II. Current Condition III. Closing

3 All the minerals are present in Indonesia Base Metals Cu, Zu, Ni, Al, Sn Source: Manuel Regueiro Y Gonzalez-Barros Geological Survey of Spain Chief of External affairs, 2012

4 Slide 4 Declining share values of mining companies Sejak Maret 2015, Indeks Harga Saham Gabungan, termasuk saham-saham berbasis pertambangan dan komoditas, mengalami penurunan sebagai dampak dari penguatan Dolar Amerika Serikat ( DAS ) yang merupakan imbas dari persepsi penguatan perekonomian Amerika Serikat, defisit neraca berjalan dan anggaran Pemerintah Indonesia serta tingginya tingkat hutang Indonesia yang didominasi dalam DAS.

5 Slide 5 Volatility of Ni and Au price, and PT Antam share Selain risiko terkait market saham di Indonesia, harga saham ANTAM dibayang-bayangi juga oleh potensi penurunan harga komoditas nikel dan emas. Harga nikel mengalami penurunan menjadi US$4,3 akibat melemahnya permintaan seiring dengan penurunan perekonomian Tiongkok, selain itu harga emas masih memiliki potensi menurun seiring ditundanya keputusan untuk menaikkan suku bunga acuan oleh Bank Sentral Amerika Serikat.

6 Despite recent underperformance, nickel has been one of the better performing industrial metals since the start of pct of Jan Price Daily Nickel Price in 2013 and 2014 as a % of Jan 1 Price pct of Jan Price 160 Daily Commodity Price in 2014 as a % of Jan 1 Price NICKEL ALUMINUM ZINC TIN COPPER LEAD Jan Mar May Jul Sep Nov Jan 50 Jan Mar May Jul Sep Nov Jan Source: metalprices.com, Vale Analysis Source: metalprices.com, Vale Analysis

7 Lifting of the ore export ban would likely remove the motivation for development in Indonesia Source: Macquarie April 2015 Quarterly Chinese NPI Production (kt Ni) Indonesian ore stocks declined by >70% since the start of o Indonesian ore stockpiles have declined significantly since start of 2014 o Correspondingly, NPI Production has declined as well o Investment in Indonesia is largely premised in declining NPI production and the need for production to shift to Indonesia o The re-introduction of Indonesian ore removes this urgency Q2010 Source: CRU August Q2014 2Q2015

8 Metalogenic belt of Indonesia (simplified map) Al Sn Ni Badan Geologi, 2012

9 Stage of Exploitation of mineral producing countries Maturity World class reserve: Cu/Au (Grasberg dan Batu Hijau) Au, beberapa KK Nickel (PT. Inco & PT. Antam, IUPs) Tin (PT. Timah) Coal (PTBA dan PKPB Gen I) Australia PNG South Africa United States Canada Timah No. 2, produser, ekspor no 1 Batubara No.1, eksportir Tembaga No. 3, produser Nikel No West Africa Brazil Philippines Colombia CIS Exploration Success Limited Mining Indonesia Argentina Peru Mexico Chile Project Development Sustained Exploration & Mining Extensive New Mine Development & Take-over Activity Extensions to Mines, New replacement mines, Exploration Spending Moves offshore Infant Stage Mature Stage (H.L. Ong 2006)

10 Metals ini Ore Minerals in Indonesia 1. Ore minerals may contain more than important metals : - NI Laterite: main metals: Ni, Fe and associate metals: Co dan Cr. - Bauxite : Al, possible minor Ga dan Sc. - Tin ore : Sn and associate metals: W, Nb, Ta dan Sb, dan REE, U dan Th - Iron sands : Fe dan Ti serta minor V - Copper ore : Cu, Au, Ag, minor Pt, Pb, CuTe dan REE - Lead ore : Pb, Zn dan minor Ag dan Au 2. Technology selection is important in the extraction of the metals

11 Current status of Ni processing development 1. Refined Ni comes from - PT Vale - PT Aneka Tambang - PT Indoferro - PT Bintang Delapan - PT Cahaya Modern 2. Many others are in the progress of construction 3. Real Investment since the issuance of Law No 4/2009 counts for 2,4 billion dolars.

12 Current mining licenses in Indonesia P. SUMATERA KK : 10 PKP2B : 15 IUP logam : 1,500 IUP non logam&batuan : 545 IUP batubara : 992 Al P. KALIMANTAN (most Al, Au/Cu) KK : 9 PKP2B : 60 IUP logam : 737 IUP non logam&batuan : 414 IUP batubara : P. SULAWESI (most Ni, Au/Cu) KK : 10 IUP logam : IUP non logam &batuan : 393 IUP batubara : 106 Ni Total IUP : KEP.MALUKU KK : 2 IUP logam : 401 IUP non logam &batuan : 23 IUP batubara : 12 P.JAWA KK : 1 IUP logam : 307 IUP non logam&batuan : 1,020 IUP batubara : 7 Sumber Data : Ditjen Minerba, 2014 PKP2B = 75 KK = 41 IUP mineral logam = IUP non logam & batuan = IUP Batubara = P. BALI DAN NUSA TENGGARA KK : 2 IUP logam : 341 IUP non logam&batuan : 124 IUP batubara : 1 P. PAPUA (most Cu, Au) KK : 7 IUP logam : 112 IUP non logam &batuan : 7 IUP batubara : 119

13 IV. St NO PROGRES (%) CAPAIAN KEGIATAN Progres mencapai Studi Kelayakan Progres mencapai AMDAL Progres mencapai Ground Breaking dan Awal Konstruksi Pabrik Progres mencapai Pertengahan Tahap Konstruksi Pabrik Progres mencapai Akhir Tahap Konstruksi Progres mencapai tahap commissioning/produksi JUMLAH IUP (Jan 2015) JUMLAH IUP (Mar 2015) NO KOMODITAS JUMLAH IUP JUMLAH FAS. PENGOLAHAN /PEMURNIAN 1. Nikel Bauksit Besi Mangan Zirkon Timbal dan Seng 7. Kaolin dan Zeolit Total 80 70

14 2015 No Nama Perusahaan Kapasitas Input (tpy) Volume Produk (tpy) Nilai Ekspor Bijih (USD) Nilai Ekspor Logam (USD) 1 PT. Indoferro NPI 47,385, PT. Cahaya Modern NPI 1,516, PT Sambas Mineral Mining PT Macika Mineral Industri PT Karyatama Konawe Utara PT Bintang Delapan PT Fajar Bhakti Lintas Nusantara PT Gebe Sentra Nikel FeNi (25 % Ni) FeNi (10 %Ni) NPI (8-10% Ni) NPI (10-15 % Ni) FeNi (10-16 % Ni) 6000 ingot Ni 5,686, ,161, ,897, ,544, PT Adiguna NPI PT. Antam (ekspansi) FeNi (30% Ni) 25,272, Total Refined Ni Producing companies, construction completed and nearly completed, Excluding existing Vale and Aneka Tambang

15 Progress of Smelter > 30% No Komoditas Nama perusahaan Nilai Ekspor Bijih (USD) Nilai Ekspor Logam (USD) 1 Nikel Bintang Delapan Mineral IUPOPK Bintang Delapan Energi 50,544, ,000,000 2 Nikel Gebe Industri Nikel IUPOPK 9,477,000 81,690,000 3 Nikel Integra Mining Nusantara 3,411,720 24,990,000 4 Nikel PT. Macika Mada Madana 9,161, ,000 5 Nikel Fajar Bhakti Lintas Nusantara Gebe Sentra Nikel 15,795, ,000,000 6 Nikel PT Karyatama Konawe Utara 7,897,500 59,500,000 7 Nikel Bhineka Sekarsa Adidaya 47,385, ,000,000 8 Nikel PT. Cipta Djaya Surya 120,042, ,000,000 9 Nikel Pernick Sultra, PT 11,372,400 4,284, Nikel Elit Kharisma Utama Nikel Konawe Nikel Nusantara 1,421,550 8,925, Nikel Kembar Emas Sultra 8,845,200 46,550, Nikel PT. Bima Cakra Perkasa Mineralindo 110,565, ,050, Nikel PT. PAM METALINDO IUPOPK 75,816, ,450, Nikel Aneka Tambang-FeNi Haltim 78,975, ,000, Nikel Wanatiara Persada (Multi Baja Industri) Nikel Rimba Kurnia Alam (Multi Baja Industri) 25,272, ,300, Nikel PT. Antam (ekspansi) 25,272,000 33,000, Nikel PT. Cahaya Modern 1,516,320 10,281, Bauksit PT. Harita Prima Abadi Mineral (Harita Group & Well Harvest Winning) 51,208, ,000,000 TOTAL 653,976,790 2,993,510,600

16 *) pada 2013, nilai ekspor bijih sebesar 3,8 milyar dolar (25%) dari total nilai ekspor. nilai ekspor 2014 turun karena PTFI dan PTNNT tidak ekspor selama 7 bulan. Bandingkan dengan 2009 ekspor bijih 35 juta dolar (2,7%) dari total nilai ekspor mineral **) Proyeksi nilai ekspor.

17 CLOSING 1. The Government will remain consistent in the implementation of the Law of Mineral and Coal Mining, meaning that mineral processing and refining in the country is a must. KADIN (Indonesia Chamber of Commerce, in which is ISPA included) has sent a letter to the Government, that will be committed to help and join together with the Government in the implementation and the acceleration of Ni refinery establishment. 2. The Government is committed to speed up the completion of construction of mineral processing facilities by improving licensing process (one stop service, harmonizing licensing and less time consuming of public services), fiscal policy (tax allowance/tax holday, import tax), facilitating provision of infrastructure, and assurance of sustainable Ni ore supply. 3. Global economy condition has affected declining Ni and other commodities price. However, in term of Ni, it is believed that position of Indonesian Ni is important in influencing volatility of global Ni industry. The consistence of Indonesia in implementing the ore ban policy is believed and hoped that the price will be better in future (but when?). 4. Progress of Ni smelter in the country is slow but positive (due to challenges of insufficient energy and infrastructure). We can say that business opportunity is wide open to develop Ni industry and other mineral/metal based industries.