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Freeport Minta Waktu Penuhi Rekomendasi ESDM

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JAKARTA. PT Freeport Indonesia meminta waktu hingga pekan depan untuk memenuhi rekomendasi Kementerian Energi dan Sumber Daya Mineral (ESDM), terkait hasil investigasi insiden di tambang terbuka Grasberg.

Manajemen dan Kepala Teknik Tambang Freeport masih membutuhkan waktu untuk melakukan identifikasi bahaya, penilaian dan pengendalian risiko seluruh area Grasberg.

Direktur Jenderal Mineral dan Batubara Kementerian ESDM R Sukhyar mengatakan pihak Freeport bergerak cepat dalam memenuhi rekomendasi ESDM. Hari ini Kepala Teknik Tambang Freeport melakukan pemaparan mengenai rencana kerja perbaikan seperti yang direkomendasikan ESDM.

"Karena rencana kerja perbaikan belum sepenuhnya selesai maka open pit (tambang terbuka) belum dibolehkan ada kegiatan dulu," kata Sukhyar di Jakarta, Kamis (08/10).

Sukhyar menuturkan apabila nanti rencana kerja itu memadai maka pihaknya segera memberi rekomendasi agar kegiatan operasional di tambang terbuka Grasberg bisa kembali dilakukan. "Mereka minta waktu untuk melakukan identifikasi bahaya, penilaian dan pengendalian resiko seluruh area Grasberg, sekitar 3-4 hari ke depan," tuturnya.

Sementara itu Direktur Teknik dan Lingkungan Kementerian ESDM, Bambang Susigit menambahkan kegiatan identifikasi bahaya, penilaian dan pengendalian resiko bukanlah hal baru. Pasalnya hal tersebut sudah tercantum dalam Kepmen PE No 555. K/26/M.PE/1995 pasal 144 ayat 1. Dalam keputusan itu memuat format, substansi dan cara penyampaiannya. "Kami sudah kasih koridornya apa yang sudah dilakukan," tuturnya.

Bambang menjelaskan, investigasi dan rekomendasi yang diberikan pihaknya bertujuan agar insiden serupa tidak terulang lagi. Dia menegaskan tim Inspektur Tambang ESDM tidak mencari siapa yang bersalah dari suatu insiden. Namun mencari apa penyebab terjadinya insiden itu. "Saya kira Freeport juga ingin yang terbaik dan cepat karena kaitan juga dengan kegiatan usaha," tuturnya.(rap)

 Sumber : Investor Daily, 10 Oktober 2014

Terakhir Diperbaharui ( Senin, 13 Oktober 2014 09:29 )

Word of Glencore, Rio Merger Stirs Industry concern

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Jesse Riseborough, David Stringer James Paton


The prospect of Glencore buying Rio Tinto is sending rumblings through the mining sector that could prompt more deal talks.

Combining Glencore and Rio, which both confirmed they held informal discussions in July, would create a $162 billion behemoth. That such a merger would even be attempted speaks to the pressure the industry is under to cut costs and increase shareholder value amid declining prices for commodities.

A slump in iron ore gave Glencore a chance to go after a cheaper Rio and make it part of a diversified portfolio. With the deal likely on hold for six months, Glencore could turn to other targets such as Fortes-cue Metals.

Or Rio could pursue a defensive deal with a company such as Anglo American, according to Sanford C. Bernstein.

"This is a hell of a thing they’re proposing," Paul Gait, an analyst at Bernstein, said in a phone interview.

In the past, "we have had that kind of one action precipitate a whole cascade of events that puts a number of other guys in play," he added.

Glencore approached Rio in July about a merger, and Rio rejected the idea a month later. Rio chairman Jan du Plessis says the $92 billion company is better off with its current strategy of cutting costs and returning cash to investors.

Glencore said on Tuesday it’s no longer actively studying an offer for Rio, and under UK takeover rules it will now be barred from a renewed attempt for six months unless it obtains Rios board recommendation, a third party makes an offer for Rio or there are other material changes.

A representative for Baar, Switzerland-based Glencore declined to comment beyond the company’s statement released on Tuesday.

Spokesmen for Rio and Anglo, both based in London, also declined to comment, while representative for Fortescue didn’t immediately respond to requests for comment

Other options

Rio isn’t Glencores only option. Fortescue, a $9.4 billion Australian iron ore producer, may provide another way for the world’s third-biggest miner to expand in the metal, according to Marc Elliott, an analyst at Investec in London.

"Glencore likes deal flow and probably has got some other irons in the fire," Elliott said in a phone interview.

Fortescue is certainly of the scale that would give interest to Glencore."

Other analysts have speculated Anglo could be more digestible for Glencore than Rio.

The $31 billion company controls copper, coal, iron ore, nickel, diamond and platinum mines.

Chief executive Mark Cutifani is open to takeover offers, the Wall Street Journal reported last month, citing an interview.

Deals for those two companies have hurdles, though. Fortescues iron-ore business isn’t of the same caliber as Rios and Glencore probably wouldn’t want Anglos platinum and diamond businesses, said Jeff Largey, a London-based analyst at Macquarie.

Glencore chief executive Ivan Glasenberg last month scoffed at the idea he has his sights set on Anglo.

That suggests Rio may be the best acquisition candidate for the company. The pursuit is probably not over; say Elliott of Investec and Gait of Bernstein.

"Ifs much easier for them to sort of step away from it and let speculation cool down for a bit," Gait said. "The industrial logic and the strategic logic are compelling to the point of being overwhelming."

For Glasenberg, Glencores deal making billionaire chief executive and second-largest shareholder, the deal logic is simple buying Rio would add the world’s most profitable iron ore business.

"What we know of Glencore is they like to acquire assets on the cheap, and Rio has a number of tier-one assets that would be of interest to Glencore," Randal Jenneke, head of Australian equities at T. Rowe Price, said by phone.

This year’s iron-ore slump has made Rio a more attainable target. The company relies on the metal for almost 90 percent of its profit, and the stock has underperformed the 104-member Bloomberg World Mining Index this year.

Its 13 percent slide through last week compares with a 6.4 percent gain for Glencore, which has a broader portfolio of metals including copper, coal, zinc and nickel.

"A lot of these assets have been pretty beaten up, and iron ore prices are a big part of that, so asset values are looking more attractive than they have been," said Brenton Saunders, an analyst with BT Investment Management in Sydney, which manages A$65 billion ($57 billion) including Rio shares. "There are operational synergies to be had as well."

Elephants In bed

Still, Rio chief executive Sam Walsh has said there are difficulties to a merger between his company and Glencore.

"Im just thinking of two elephants in a single bed, how do you actually make that work without one fallingout?" he pondered in a December interview at the company’s London headquarters.

The biggest challenges may be reaching an agreed-upon price and obtaining regulatory approval, analysts say.

With about $6 billion of his personal wealth tied up in Glencore stock, Glasenberg tends to be cautious about overpaying for targets.

His company paid a premium of 10 percent or less in about two-thirds of the deals it carried out over the last decade, according to data compiled by Bloomberg.

"I would think that a huge premium goes against what Ivan Glasenberg is about," Tim Schroeder’s, a Melbourne-based portfolio manager at Pengana Capital, where he helps oversee about $1 billion in equities, said during a phone interview. "I don’t think investors will support this unless there’s a huge premium. So there’s your stalemate."

BHP Billiton, the world’s largest mining company with a market value of more than $150 billion, offered Rio investors a premium close to 50 percent more than six years ago, which they rejected.

Compare that with Glasenberg’s track record, and his challenge becomes clear. Rio investors would need a premium of at least 25 percent to accept a deal, Liberum Capital wrote in a note.

"This deal is not something that will happen any time soon," said Paul Cowan, director of special situations at Religare Capital Markets in Melbourne. "Rio shareholders are not going to stomach a nil-premium merger, or even a reverse takeover with a significant premium.

"This deal will be held up with so much regulatory red tape, it will make the whole thing unworkable."

Regulatory issues

Australia’s foreign investment regulator will likely present a "major hurdle" for any deal, Liberum said. It would also face significant scrutiny from Chinas regulators on the combined copper businesses, said Paul Phillips, a Melbourne-based partner with Perennial Growth Management, which manages about $19 billion of assets including Rio shares.

"They’d probably make them divest some coal as well," he said. "I don’t know whether the Chinese would be that enthralled by it all."

Another possible outcome is that Rio seeks out a takeover of its own to act as a sort of poison pill against the Glencore offer, said Gait of Bernstein. Anglo and Phoenix-based Freeport- McMoran would be sizeable, complementary options to consider, hesaid.

A representative for $33 billion Freeport-McMoRan declined to comment

"You need something that’s a little bit chunkier and also is doable," Gait said. "Those are the two names that would come-to the top of most people’s register."

 Source : JakartaGlobe, October 09, 2014

Terakhir Diperbaharui ( Senin, 13 Oktober 2014 08:50 )

Jokowi Akan Larang Ekspor Komoditas Bahan Mentah

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Agus Triyono

JAKARTA. Liberalisasi ekspor sejumlah komoditas hasil sumber daya alam mentah yang terjadi selama ini akan segera diakhiri pemerintahan baru.

Presiden terpilih, Joko Widodo (Jokowi) bertekad akan menghentikan ekspor bahan mentah hasil sumber daya alam dari Indonesia begitu dirinya mengambil alih pemerintahan pada 20 Oktober mendatang.

Mantan Walikota Solo ini bilang langkah menyetop ekspor bahan mentah adalah untuk memberi ruang bagi material mentah ini diolah dan dimanfaatkan sepenuhnya untuk mendukung industri dalam negeri dan memberikan nilai tambah bagi industri dan masyarakat.

Jokowi bilang beberapa komoditas bahan mentah yang berpotensi ditutup keran ekspornya, seperti byi kopi, kayu, karet, dan rumput laut. "Ekspor komoditas dalam bentuk bahan mentah harus diubah, bahan mentah harus dijadikan produk setengah jadi dan kalau bisa ditingkatkan menjadi barang jadi sehingga ada nilai tambahnya," kata Jokowi, Rabu (8/10).

Sebagai catatan, ekspor bahan mentah saat ini memang tengah dilarang oleh pemerintah Indonesia. Salah satu bahan mentah yang sudah dilarang ekspornya mulai awal 2014 nanti adalah ekspor mineral mentah.

Selain itu, pemerintah saat ini juga tengah menyusun Peraturan Pemerintah (PP) tentang Pembatasan dan Pelarangan Ekspor Sumber Daya Alam yang menjadi aturan turunan undang-undang Perindustrian.

Setyo Hartono, Ketua Tim. Penyusun PP tersebut, kepada KONTAN beberapa waktu lalu mengatakan bahwa salah satu bahan mentah yang ekspornya akan dibatasi dalam peraturan pemerintah ini adalah gas alam.

Ketua Asosiasi Mebel dan Kerajinan Rotan Indonesia (AMKRI) Soenoto menyambut baik rencana pembatasan ekspor komoditas bahan mentah tersebut. Menurutnya, jika kebijakan itu diambil, akan ada dua manfaat yang akan didapat oleh Indonesia.

Pertama, pelarangan ekspor bahan mentah akan membuat ketersediaan bahan baku industri terjamin. Kedua, mampu mengundang investor dari luar negeri untuk masuk dan menanamkan investasinya di Indonesia.

 Sumber : Kontan, 09 Oktober 2014

Terakhir Diperbaharui ( Senin, 13 Oktober 2014 08:45 )

Outotec Garap Smelter Freeport

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JAKARTA. PT Outotec Technology Solutions, anak usaha Outotec Pty Ltd asal Finlandia, tengah melakukan negosiasi intensif dengan PT Freeport Indonesia untuk membangun smelter tembaga.

Business Development Director Outotec Technology Solutions Irma Kurniawati mengatakan Freeport sudah menyatakan tertarik dengan teknologi smelter yang dimiliki perusahaannya.

Menurutnya, pabrik pengolahan dan pemurnian (smelter) tembaga milik Freeport akan memakai teknologi double flash yang dikembangkan oleh perusahaannya.

"Smelter Freport yang baru akan memakai teknologi kami, yaitu double flash. Untuk itu kami tengah intensif melakukan pembicaraan terkait itu," katanya kepada Bisnis, Rabu (8/10).

Menurutnya, teknologi double flash cocok diterapkan di smelter Freeport yang baru karena pabrik pengolahan itu memiliki kapasitas produksi terpasang mencapai 1,6 juta ton konsentrat tembaga. Kapasitas produksi itu jauh lebih besar dibandingkan dengan smelter yang dimiliki PT Smelting Gresik sebesar 1,2 juta ton.

Selain itu, teknologi yang miliki Outotec sudah diadopsi di beberapa negara seperti China, India, negara Eropa dan AS.

Untuk itu, pihaknya optimistis kerja sama dengan Freeport akan segera tertuang dalam perjanjian yang lebih kuat. "Perjanjian ini memang belum benar-benar fix, tinggal sedikit lagi, teknisnya saja," ungkapnya. (M Taufiqur Rahman)

 Sumber : Bisnis Indonesia, 09 Oktober 2014