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Journal : Indonesian Mining Journal

THE FINANCIAL FEASIBILITY ANALYSIS FOR CONSTRUCTION PLAN OF FERRO-NICKEL (Fe-Ni) SMELTER PLANT AT SOUTH KONAWE REGENCY, SOUTH EAST SULAWESI Haryadi, Harta
Indonesian Mining Journal Vol 20, No 2 (2017): INDONESIAN MINING JOURNAL VOL. 20 NO. 2 October 2017
Publisher : Puslitbang tekMIRA

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Abstract

The objective of the study is to comprehend the feasibility for construction plan of smelter plant to process the nickel laterite into ferro-nickel (Fe-Ni). PT. Macika Mineral Industries (PT. MMI), located at Lolowua village South Konawe, Southeast Sulawesi will implement such a plan Law No. 4 of 2009 on Mineral and Coal Mining obliges the mining investors to process the minerals into semi-finished or finished products in the domestic country before selling them abroad. The raw materials for PT. MMI smelter plant will be supplied by PT. Macika Mada Madana (PT. MMM) as one of PT. MMI group members PT. MMI is the holder of Production Operation Mining Permit that covers an area of 705 Ha and is located in Watudemba village, Palangga District and Keono Village, South Palangga District, South Konawe Regency. The mining area of PT. MMI is located 7 km from the PT. MMM planed plant. The total Ni reserve owned by PT. MMM is 18,930,700 tons. Of 18,930,700 ton reserves; 4,390,645 tons belongs to the measured one performing the average grade of nickel and iron around 1.97 and 23.14% respectively while around 14,540,055 tons that contain the average grade of nickel and iron about 1.92 and 23.14% respectively goes to the inferred reserve. PT. MMI requires 960,000 tons per year of Ni raw material it means that PT. MMM can supply the processing plant up to 20 years. Net present value (NPV), internal rate of return (IRR), return on investment (ROI), payback period (PBP), benefit cost ratio (B / CR), and breakeven point (BEP) are the criteria for evaluating the financial need of PT. MMI. The results showed that the NPV was about US$ 726,883,479 while the IRR and the ROI were around 18.00% and 212.90% respectively. Calculating the PBP and the B/C achieved 6.19 years and 3.21 correspondingly. The reached BEP was US$ 754 per ton for the production of 50,504 tons. The analysis showed that the construction of ferro-nickel (Fe-Ni) plant by PT. MMI was financially acceptable to be. However, using several variable measurements in analyzing the sensitivity of the business, namely by the selling price of ferro-nickel is assumed to be reduced by 5% and production cost is increased by 5%, the plan is not sensitive to decreasing selling price and increasing production cost.
ANALYSIS ON TERMS OF TRADE OF INDONESIA’S NICKEL Haryadi, Harta; Yunianto, Bambang
Indonesian Mining Journal Vol 19, No 1 (2016): INDONESIAN MINING JOURNAL Vol. 19 No. 1 February 2016
Publisher : Puslitbang tekMIRA

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Abstract

The import-export trade of nickel Indonesia until 2013 was always in a less prestigous position. It is due to the entire production of nickel is exported in raw materials, while nickel is continued to be imported to meet the industrial needs of stainless steel, nickel alloys, batteries and nickel metal alloys in the country. This study aims to analyze the advantages and disadvantages of export and import of nickel with a terms of trade analysis in net barter, which measures the ratio of the nickel export price with imports price, and gross barter measures the ratio of the nickel export volume to the import volume. Net barter of the analysis results shows that in 2007, the nickel export price was only 0.0121 times than the nickel import price, while gross barter indicates that the export volume was 11044.87 times compared to the import volume. Volume and value of the exports are in nickel ore), while imports in nickel oxide sinters, product of nickel metallurgy, nickel alloys, nickel waste and scrap and nickel powders and flakes. The analysis overview of nickel gives an indication that international trade (export-import) of nickel has not provided an optimal impact on the national and regional economy.
ANALYSIS OF TERM OF TRADE (TOT) FOR INDONESIA BAUXITE HARYADI, HARTA
Indonesian Mining Journal Vol 15, No 3 (2012): INDONESIAN MINING JOURNAL Vol. 15 No. 3 October 2012
Publisher : Puslitbang tekMIRA

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Abstract

Indonesia does not have a processing unit for bauxite. As a result all raw materials are exported. In contrast, the alumina is imported to fulfill the domestic need for aluminum industry. In terms of evaluating bauxite export, term of trade (TOT) analysis was conducted. Method used to calculate the TOT is carried out using net barter of TOT formula. The parameter include the export price compared to the import one. If the bauxite price increases and the import price decreases, the TOT is surplus. Contrarily, if the export price decreases and the import price increases, the TOT is deficit. To calculate the ratio of the export volume against the import volume used the grass barter of TOT. The measured parameter is the export volume compared to the import one. If the export volume increases and the import decreases, the TOT is surplus. On the other hand, if the export volume decreases and the import volume increases, the TOT is deficit. In 2003, the net barter of TOT was 0.07 and the grass barter of TOT was 87,874, but in 2010, the net barter of TOT was 0.09 and the grass barter of TOT was 5,809.53. Results of the TOT values indicate that Indonesia was still the exporter of bauxite raw material with an average of export value was lower than that of the import one, although its volume was significant due to the very low price. Indonesian bauxite export value will increase, if the processing unit immediately established
ANALYSIS OF THE VALUE – ADDED FOR TAYAN BAUXITE ORE AND CHEMICAL GRADE ALUMINA Haryadi, Harta
Indonesian Mining Journal Vol 19, No 3 (2016): INDONESIAN MINING JOURNAL VOL. 19 NO. 3, October 2016
Publisher : Puslitbang tekMIRA

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Abstract

Research conducted at PT. ANTAM and PT. ICA (Indonesia Chemical Alumina) Tayan, West Kalimantan was aimed to compare the amount of company value-added from selling the bauxite ore as a raw material and the chemical grade alumina as a processed goods. This research showed that company value added from selling 850.000 tons raw meterial US $ 8.92 million it consisted of salary and wages of US $ 692.42 thousand, royalties, CSR and insurance US $ 473.87 thousand, surveyor services US $ 150.00 thousand, other services $ 45.00 thousand, corporate income tax of US $ 1.64 million, Bank interest US $ 191.77 thousand. The company profits obtained the US $ 5, 73 million was. Of the US$ 8.92 million added value and 850.000 bauxite selling, the increase of total added value was US$ 10.49 per ton. Selling the chemical grade alumina up to 300,000 tons or equivalent to 850,000 tons provided the value-added to the US $ 57.24 million that consisted of an increase in revenue salaries and wages to US$ 3.85 million. 50.75 billion, royalties, CSR and insurance of US $ 2.49 million, surveyor services and other services US $ 16.50 million, corporate income tax $ 10.39 million, Bank interest US $ 1.21 million and corporate profits to the US $ 22.00 million. The overall value added from selling the processed goods was US$ 190.44 per ton. It is indicated that selling the chemical grade alumina provides a greater profit than that of selling the raw material.