Menteri Energi dan Sumber Daya Mineral (ESDM) Bahlil Lahadalia menegaskan bahwa program hilirisasi mineral masih akan berjalan pada periode pemerintahan presiden terpilih 2024-2029 Prabowo Subianto. Bahlil mengatakan, saat ini hilirisasi yang dilakukan oleh Presiden Joko Widodo (Jokowi) sudah berjalan dengan baik pada komoditas nikel. Nantinya, hilirisasi bakal menyasar pada komoditas mineral lainnya. Menurutnya, pengembangan hilirisasi mineral dapat menjadi pemacu pertumbuhan ekonomi Indonesia menuju level di atas 5%.
Dalam mengembangkan hilirisasi, Bahlil menuturkan pemerintah terbuka terhadap investor asing untuk berkolaborasi dengan industri dalam negeri. Pemerintah juga akan melakukan pengaturan agar nantinya komoditas mineral mentah untuk hilirisasi tetap dikelola oleh perusahaan dalam negeri.
Dalam mengembangkan hilirisasi, Bahlil menuturkan pemerintah terbuka terhadap investor asing untuk berkolaborasi dengan industri dalam negeri. Pemerintah juga akan melakukan pengaturan agar nantinya komoditas mineral mentah untuk hilirisasi tetap dikelola oleh perusahaan dalam negeri.
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TVTranscript
00:00The programme you are about to watch is a work of fiction.
00:02Any resemblance to anyone, living or dead, is coincidental and unintentional.
00:21Hello, viewers from IDXNL Jakarta studio.
00:23I'm Wiki Adrian, welcome to Market Review,
00:25a programme that will address the issues of Indonesia's economic movement.
00:28And don't forget, you can watch our livestream on idxchannel.com.
00:32Without further ado, let's take a look at the full Market Review.
00:44The Minister of Energy and Mineral Resources, Bahlil Hadaliah,
00:47has confirmed that the mineral hillarization programme
00:49will still run during the government period elected by Prabowo Subianto.
00:53Later, hillarization will target other mineral communities,
00:57such as Bauksit, Tembaga, and Timah.
01:04The Minister of Energy and Mineral Resources, or ISDM, Bahlil Hadaliah,
01:07has confirmed that the government led by Prabowo Subianto
01:11will continue the hillarization policy carried out by President Jokowi.
01:17Bahlil mentioned that a number of hillarizations that are currently underway,
01:20such as Nickel, will continue to be increased and expanded to other communities,
01:24such as Bauksit, Tembaga, and Timah.
01:27This step is expected to be able to boost economic growth by 6% to 7%.
01:33However, Bahlil emphasized that in the effort to speed up hillarization,
01:36the investment will certainly advance the raw materials from the country
01:40so that the domestic industry that already exists can also grow.
01:44I said that hillarization has already started.
01:47Nickel is already good.
01:49Now we are hillarizing in other communities,
01:52such as Bauksit, Tembaga, and Timah.
01:55The trigger for our economic growth is above 5%,
01:59at 6% or 7%, one of the triggers is hillarization.
02:03Will it continue in the future?
02:05It will continue.
02:06As Prabowo said, hillarization, hillarization.
02:11Previously, President Jokowi insisted that the hillarization of the nickel industry
02:15and other natural resources is the key to improving the national economy.
02:20The 7th President of the Republic of Indonesia explained
02:22how the policy of hillarization of nickel has brought great momentum for state receivers.
02:28The President insisted that the benefits are not only obtained by the country or companies involved,
02:33but also by the people because the government raises various taxes,
02:37starting from corporate taxes, employee taxes, export taxes, export taxes,
02:42foreign taxes, to state receivers, not taxes.
02:45Jakarta Defirmansyah, IDX Channel.
02:53Thank you for discussing our topic today.
02:56In Market Review, the hillarization of nickel continues in the new government.
02:59It has been connected through a videoconference with Mr. Joko Wijayanto,
03:02who is Wijayanto, I mean,
03:05the Director of the Association of Nickel Miners Indonesia or APNI.
03:11Good morning, Mr. Joko.
03:14Good morning, Mr. Sticky. Good morning, Mr. Mirsa.
03:17Okay, Mr. Joko, thank you for joining us in Market Review.
03:20I hope we are always healthy, sir.
03:23Thank you. Stay healthy. Keep up the good work.
03:26Keep up the good work.
03:27If we talk about it, it seems that the policy will be established
03:33when the next government is related to the hillarization of nickel itself.
03:37And later on, it will be expanded, not only specifically in nickel,
03:41but also to bauxite, and then also tin.
03:45How do you see this gesture, Mr. Joko?
03:51Well, hillarization is a duty for us.
03:57We get income from additional value,
04:01and we use this additional value to build a beloved country towards the year of gold.
04:09Hopefully, this can be achieved.
04:12But from the data we have,
04:14we can see that the contribution from natural resources is quite large,
04:20which is about 8.2% of GDP.
04:25And the contribution to the rich mineral areas
04:31is very significant,
04:33seen in seven provinces, in the Surawesi area,
04:37then in North Malang, then in West Papua.
04:42So we are convinced that with this hillarization,
04:46we have to build forward what we have to do
04:50with the natural resources that we have.
04:54Because what we feel, we actually do,
04:57but the market absorption in the country is still very weak.
05:02If we look at tin, the production is 80,000,
05:06but only 9,000 are absorbed.
05:08Then we look at copper,
05:10absorbed 200,000 tons,
05:13the production is already 1.2.
05:15The sweet ones are still made of tin and nickel,
05:19because the midstream industries have already developed in the mining area.
05:25Others are still waiting for the hillarization of tin and copper,
05:30while this is still not achieved,
05:34because the price of the hillarization is very low,
05:39and hopefully in the era of Mr. Prabowo,
05:42we can realize it,
05:44because we need tin and copper,
05:47tin to make alcohol,
05:49to make fertilizer,
05:52this is based on the gas produced from the hillarization.
05:56Okay, it means that from the actors in the mining industry themselves,
06:01they see the continuation of the hillarization policy as positive,
06:08and can then maximize this hillarization,
06:13but the next task is how to create a market
06:16and also make the processing product or hillarization later
06:20also have a price that is in line with what the market wants.
06:26Because so far, when hillarization is done,
06:29is it still expensive, Mr. Joko?
06:31Yes, if it's expensive, it's not.
06:33But people want to buy cheap Indonesian goods,
06:37so it's made a rule,
06:39there is a premium price, there is a normal price,
06:43but we fight so that even though our products are still like this,
06:49we will try to reach a premium price,
06:53because we can have an advantage.
06:57Okay, it means that in this hillarization process,
07:00friends in the mining sector have no problems at all, right?
07:05Actually there is a problem,
07:07which is the problem of funding.
07:09Like bauxite, it's a bit stopped,
07:12then also coal, high cost,
07:15no one has the courage to plant it yet,
07:18then there is a demand from the world to run ESG,
07:23which is environmental stewarding,
07:26then we ask for social participation and governance.
07:30This is a bit difficult,
07:32because this is the foundation to reach SDGs,
07:36Sustainable Development Goals.
07:38Which means that the development continues,
07:42no one is left behind,
07:44no one left behind, as the people say.
07:48That's right, and the funding agency also requires that,
07:51if the governance is not environmentally friendly,
07:56that ultimately makes them reluctant to provide funding,
08:00especially for several sectors related to mining.
08:04We try to limit it one by one.
08:06Say, from funding in the mining sector,
08:12as long as friends in the mining sector
08:15have carried out operational practices in the field,
08:21which is in accordance with what the funding agencies want,
08:26so that the funding is smooth,
08:28so that friends in the mining industry
08:31can easily jump in and join the hillarization program
08:39that will be continued in the next government.
08:41What is it like, Mr. Joko?
08:43Well, some sectors that have done it,
08:47have implemented what is called clean energy,
08:55such as in Bali, they use seven power plants,
09:01then there are those who are trying to mix renewable energy
09:06with conventional energy, using fossil fuels,
09:10among others, by smuggling things, selling gas.
09:13But the problem is that our industry,
09:17the industrialization industry of these renewable resources,
09:22is asked to open a job market and reduce poverty.
09:28And this is among the cost of energy,
09:31and the two things I told you,
09:33why is it not working?
09:36Because if we use clean energy,
09:38it means we will cost our industry a lot,
09:42so the advantages are not important,
09:44it can reduce the poverty that exists,
09:46or the experience of existing jobs.
09:48Then the second, the government has already done it.
09:52We have been transparent with the EIPI, the ESPN,
09:56we have started to have enough streaming data,
10:00but like the sustainable report,
10:03it was just initiated by about 34 companies in Indonesia,
10:07so to justify that we have started,
10:13it also needs a campaign that we have done.
10:16But it has already started,
10:18and it is easy to initiate for companies
10:22that are not able to do it,
10:24it can be a model.
10:26Yes, from various types of efforts that have been done,
10:29how is it getting closer to solving the problem,
10:35to then convince financing agencies
10:37to give financing to friends in the mining industry,
10:40so that it can be easily combined with the hillarization program
10:50that will be encouraged by the government in the mineral mining sector.
10:53We will continue in the next segment,
10:55Mr. Joko and Mr. Wisna,
10:56stay with us, we will be right back.
11:05Mineral Commodity
11:15Thank you for staying with us.
11:17Before I continue the discussion with Mr. Joko Widjajadno,
11:21I will first present the graphics that has been prepared by the production team
11:25related to mineral commodities.
11:28To be exact, nickel,
11:30the export value in 2015 reached 45 trillion rupiah,
11:35but then in 2023,
11:37the number significantly increased to 520 trillion rupiah.
11:41We obtained the data from the Ministry of the Interior.
11:44And the following is,
11:45we also display data on the stockpile and production of national nickel,
11:49with a potential formation of 2 million hectares,
11:54800,000 hectares that have been explored
11:57and become mining businesses.
11:59Then the total source of Indonesian nickel
12:01reached 17.7 billion tons of seeds
12:03and 177.8 million tons of metals.
12:06And Indonesia's nickel stockpile
12:08reached 5.2 billion tons of seeds
12:10and 57 million tons of metals.
12:13And the total stockpile is 23% of the world's nickel stockpile.
12:18Okay, before we specifically discuss about the nickel mineral,
12:22I still want to address the problem
12:26with friends to enjoy or join
12:31the government's program,
12:33which is related to hillarization in the mineral mining community,
12:37which will be continued in the next government
12:39and also expanded to other mineral commodities.
12:43Okay, various efforts, I believe,
12:45have been made by Mr. Joko to facilitate financing
12:49so that this hillarization process,
12:52which does require a lot of investment,
12:55is no longer an issue.
12:57But it looks like this is still an issue.
12:59But how far has the effort gone?
13:01And how has the development been?
13:03And how optimistic are you
13:07that the financial problems
13:10will be solved, Mr. Joko?
13:13Yes, actually this hillarization will be alive
13:15if there is financial exploration.
13:18So that our savings will increase
13:21because nickel mining is a non-renewable resource.
13:27It cannot be reused.
13:29So we need funding for exploration
13:33and funding for hillarization.
13:35Now, for mining operations,
13:38actually we have advanced,
13:40we have received a lot of help from entrepreneurs
13:43who invest their money.
13:45Many mining companies have also switched
13:47to nickel mining and so on.
13:49And then there are also companies from China
13:53who have invested their capital in this,
13:55in the form of partnerships,
13:57such as Xingshan, Garbaster, and so on.
14:00But we see that the hillarization has been completed,
14:06but now the midstream industry has not been formed.
14:10Because the biggest value is
14:13the midstream industry.
14:15It can provide extraordinary benefits
14:18such as nickel, ferro-nickel,
14:21then nickel-metal,
14:24then H-PAL.
14:29It can become a battery product.
14:33While in the global economy,
14:36it has been turned into stainless steel.
14:39Now, if the stainless steel is ready,
14:41what will it be used for?
14:43We still have to ask,
14:45whether we make a public punch like WMF in Germany,
14:48or Schneider,
14:50whether it's from the UK,
14:52or from Solingen,
14:54it has a high value.
14:56Or we can turn it into a health tool,
15:00such as a needle and thread,
15:03one is Rp 2,500,
15:05and it is only used once.
15:07If so, we can replace it
15:09with products that we have built
15:11in our midstream industry.
15:14We can move forward.
15:16It just needs capital and research.
15:20As we know,
15:22the research for industry and other things
15:26is still very small.
15:28The budget is not enough.
15:30Maybe Mr. Prabowo can increase the budget
15:33so that we can find the market needs
15:36that are most affordable.
15:38Okay.
15:39Regarding various types of financing
15:42that have been done so far,
15:44from the Himbaran,
15:46to the mining sector,
15:49but the amount is not ideal,
15:53because for exploration only,
15:55it requires a very large budget.
15:57But in the development of hillarization,
15:59the Minister of State-Owned Enterprises,
16:01Mr. Dahlia, said the government is open
16:03to foreign investors
16:05to collaborate with domestic industries.
16:07Do you see this as a solution
16:12related to financing issues
16:14and will also maximize hillarization
16:16in the mineral mining sector, Mr. Joko?
16:20I see it as a good change from Mr. Dahlia.
16:23That foreign investors are also waiting
16:28for the hillarization issue.
16:31And the main problem is
16:34they need new materials.
16:36We have the material,
16:38and we also have the opportunity
16:40to sell the material.
16:43Now, how do we do it?
16:46By doing diplomacy,
16:48as has been done by the Indonesian government
16:51to the US, to the EU.
16:53And we are also actively
16:55through associations here
16:59collaborating with EU thinkers
17:02who create concepts
17:04about critical minerals and so on.
17:07And they open up
17:09the closures in investment.
17:13Because without mining,
17:16without mining results,
17:17we will not be alive.
17:19So we are still closed.
17:21But for everything to be open,
17:23and they really need it,
17:25it needs to be discussed.
17:27And this is the key
17:29of our diplomatic ability.
17:32So that we can talk
17:34about foreign direct investment easily.
17:37Because it's actually a subjective issue.
17:40Whether it's clean nickel, dirty nickel,
17:43clean copper, dirty copper,
17:46it's a subjective issue.
17:49Copper is copper, nickel is nickel,
17:51silver is silver.
17:53And they really need it.
17:55So now, how do we find
17:57between their needs and needs,
17:59so that they can provide
18:01the needs that they want.
18:05Right.
18:06On the other hand,
18:08it is hoped that it can be a partnership
18:10that can benefit
18:12domestic actors,
18:14whether it is for business actors
18:16and the government as well.
18:18The government will also make adjustments
18:20so that the raw mineral commodities
18:22for killerization
18:23are still managed by domestic companies.
18:25So, Mr. Joko,
18:27we will continue our discussion
18:29in the next session.
18:31Stay with us, we'll be right back.
18:49I'm still talking with Mr. Joko Widjajatno,
18:52from the Indonesian Association for Nickel Mining
18:55or APNI.
18:56You said that the government will make adjustments
18:59so that the raw mineral commodities
19:01for killerization
19:02are still managed by domestic companies.
19:04What is your take on this, Mr. Joko?
19:10It is hoped that foreign companies
19:13will buy,
19:15not buy copper,
19:17but make a factory here.
19:19So that the work and profit
19:21will be shared with us.
19:22Because they pay for the factory,
19:24then there are employees, etc.
19:28So that the economic growth
19:30can be accelerated.
19:31But if now they only buy
19:33semi-finished copper,
19:35we only appreciate
19:37the added value of semi-finished copper.
19:40So if we make,
19:42let's say stainless steel,
19:44it's only nine times
19:47the value of nickel.
19:50And if we can make a car,
19:53the price of nickel is
19:55USD 30,000.
19:59If it becomes a car,
20:0050 kilometers, it will be
20:02500 million or 1 billion.
20:04It depends on
20:06how the profit can be made.
20:07So we hope
20:09in the future electric cars,
20:11because we want to create an ecosystem,
20:13then we make batteries,
20:16so that they will depend
20:19on the products we have.
20:22This is what we hope
20:24can give a lot of jobs
20:28and also additional value
20:32that we want.
20:34Yes, one important point
20:35that you mentioned earlier,
20:36Mr. Joko, related to
20:38hilirization,
20:39if friends in the mining industry
20:42are ready,
20:44but how can they create
20:46a market in their own country?
20:49In order to support
20:51the creation of a domestic market,
20:52so that later the hilirization is maximal
20:54and the supply is also maximal,
20:56then there is no unemployment,
20:59what is the effort?
21:01And how far is the market potential
21:04for export itself,
21:06for hilirization goods
21:08in the mineral mining sector?
21:10This can also be one of the answers
21:12when there is not much demand in the country,
21:14but the export is quite a lot,
21:16it is exported there.
21:19Actually, if we look at it,
21:21so that there is a balance.
21:23Meanwhile, the countries
21:25in the industry want to share
21:28is the language
21:33complaint to the WTO,
21:36then there is a special tax regulation
21:39for our products.
21:41We try to discuss this
21:44so that we can enjoy
21:46what is ours.
21:48Of course, we are also ready to share with them,
21:50namely by sharing
21:52the products we have.
21:54Because all this time,
21:56what has been expected
21:58is Indonesia.
22:00But there are also those who are not willing
22:02to see Indonesia move forward.
22:04This is the problem we need to convey.
22:07And now is not the time for them
22:09to dictate to us,
22:11but we give them a chance
22:13to do something together.
22:15It means
22:17getting cooperation,
22:20not competition.
22:22Collaboration like that, right?
22:24Collaboration.
22:27So if we look at it,
22:30okay, we have to pay well,
22:32but it's not as expensive as this.
22:35But we also have to be appreciated.
22:37We have natural resources,
22:39which they need,
22:41it also has a value, right?
22:43There is no balance
22:45between payment and income.
22:47Okay. Mr. Joko.
22:49There is something interesting
22:51related to the increase in the global nickel price
22:53that has been giving pressure
22:55to nickel producers all over the world
22:57and will deepen the domination of Indonesia
22:59in the global team.
23:01How can this be used
23:03maximally
23:05by Indonesia in the global market?
23:07If we increase production,
23:09we will be limited
23:11by the RKB, right?
23:13260 million tons
23:15of nickel production.
23:17So if they continue
23:19to chase the world market,
23:21we can't.
23:23Because the consideration from the RKB
23:25is technical and economic.
23:27If we produce a lot,
23:29there is an impact on the market.
23:31But now, how do we
23:33manage so that we can still
23:35get the market?
23:37But actually, what we want
23:39is a market that
23:41promises the world market.
23:43And the advantage of our product
23:45is that the distance to
23:47industrial centers is closer
23:49than New Caledonia
23:51or Australia.
23:53So we get the ease
23:55to get the market.
23:57But of course we have to
23:59fulfill the market demand
24:01or the global demand
24:03which is not easy.
24:05But we have tried,
24:07several companies have received
24:09certification from CMM,
24:11from certification
24:13institutions,
24:15that our product
24:17is clean.
24:19But it's not right yet.
24:21It's just a small part.
24:233 or 4 companies out of 2,500 mines, right?
24:25We need to push
24:27Yes, that's right.
24:29That's a big task.
24:31And also, the supervision
24:33that needs to be done,
24:35which is the policy of the government,
24:37because the government wants to
24:39create an infrastructure to check
24:41and the amount is still very small,
24:43around 600 people for 2,500 mines.
24:45Yes.
24:47From one mine to another,
24:49the distance is 500 kilometers.
24:51We need to think about
24:53how to build
24:55a system so that the control
24:57can be self-assessment,
24:59then verified by the inspector
25:01or whatever.
25:03As I said before,
25:05the WHO is the regulator.
25:07Secondly,
25:09the ease of regulation
25:11also makes
25:13the ease of business.
25:15And also the certainty
25:17of the business must be created
25:19so that the ease of business
25:21will be better in Indonesia.
25:23Okay. Mr. Joko,
25:25the most important thing is
25:27how to create an ecosystem
25:29from the producers
25:31who produce mineral mining
25:33or mineral mining products.
25:35On the market side,
25:37they also absorb as much as possible.
25:39Then the government,
25:41as part of the ecosystem,
25:43also provides support.
25:45If we look at the scope in a larger way,
25:47the national strategic projects,
25:49especially maintaining the supply chain
25:51that is vulnerable to price volatility,
25:53geopolitical risks,
25:55then there is also a disruption of technology
25:57and the protectionist policies of other countries.
25:59What is it like
26:01to be a challenge in the future?
26:03This is my last question,
26:05but then please answer in short
26:07because our time is limited.
26:09Please, Mr. Joko.
26:11We have to try to increase
26:13our budget.
26:15Secondly, we try to adjust
26:17our budget by 7-6 percent
26:19based on the activity
26:21of Academisi or Pentahelix in Indonesia
26:23because everything will affect
26:25the journey of
26:29our industry.
26:31So,
26:35we need to take
26:37a global approach,
26:39but also do not
26:41leave it to global arrivals.
26:43We are like this,
26:45we need to fix the global situation
26:47so that we can
26:49provide them with what they need.
26:51Because they definitely
26:53need us.
26:55Mining for life.
26:57Everyone needs mining for life.
26:59And the most important thing is
27:01how mining
27:03can contribute
27:05maximally to the country's income
27:07and also employment
27:09as you said earlier.
27:11Mr. Joko, thank you
27:13for joining us.
27:15We'll talk again later, Mr. Joko.
27:17Yes, I'm waiting for the invitation
27:19from Mr. Vicky.
27:21We haven't talked in a long time.
27:23Okay.
27:25We'll talk again later, Mr. Joko.
27:27Thank you. See you.
27:29Thank you, Mr. Mirza.
27:31Thank you, Mr. Vicky.
27:33Don't leave your seat.
27:35Because we will discuss
27:37other things about the purchase
27:39of PPN houses
27:41until the end of 2024.
27:43We'll talk again later.