Professional Documents
Culture Documents
943
(i)
(ii)
877
68
3008 252253
2826
48
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78
. . . . . . . . . . . . . . . . . . . . . .
80
PT KDB. . . . . . . . . . . . . . . . . . . . . . .
92
PT Bara. . . . . . . . . . . . . . . . . . . . . . .
105
. . . . . . . . . . . . . .
117
. . . . . . . . . . . . . . . . . . . . . . . . .
127
PT Bara . . . . . . . . . . . . . . . . . . . . .
142
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211
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236
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246
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252
AMDAL
AMDAL
AMDAL
14,000,000,000
300,000,000 6,000,000,000
1,000,000,00020,000,000,000
CIMVAL
200740
AB
DGMCG
Early State
PT Bara
GAR
LimLow
IUP
JORC
JORC
JORC
KP
kuasa pertambangan
240
MEMR
18
Lim
Low
PT Bara
PT Bara
PT Bara
AMDAL090/1.824.51
PT Bara
PT BaraPT Bara
PT Bara
PT Bara
PT BaraPT Bara
PT KDB
100 1.00
100%
200,000,000 5%
A
300,000,0002%
B
571
(i) (ii)
(iii)
(iv)
0.05
( PT KDBPT
Bara)
VALMIN18
PT
Bara
VALMIN
100%
71,000,000553,800,000
CIMVAL 18
14A
1.007.8
1.00 1.1838
1.00 1,160
943
Clarendon House
2 Church Street
Hamilton HM11
Bermuda
68
3008
(i)
(ii)
PT Bara
PT Bara
500,000,000
200,000,000 A 300,000,000 B
300,000,000 6,000,000,000
3,811,926,789A
B
14,000,000,000 300,000,000 6,000,000,000
1,000,000,00020,000,000,000
(i)
(ii)
(i)
(ii)
(iii) LimLow
(i) Lim25%(ii) Low40%(iii) Chiu Yung Fong
Luk Haw Wan20%(iv) Ng Chun Sang15%
14.22
500,000,000
AB
(i)
(ii)(iii)
(i)PT Bara(ii)
(iii) 71,000,000 553,800,000
9.7%
A
B
AB
A5%B2%
A 0.074
0.037AA
APT Bara
PT Bara
A
B
BBB
PT BaraPT Bara
B
10
1.
2.
3.
(A)(B)
(A)
(B)
4.
5.
PT Bara
6.
7.
8.
PT Bara
9.
65,000,000
11
10.
11.
(i)
(ii)
(iii)
(iv)
(i)
PT KDB PT Bara
(ii)
(iii)
(iv)
PT KDB
12
(v)
(i)
(ii)
30
13
Lim
LowChiu Yung FongLuk Haw WanNg Chun Sang
PT Bara
18
200,000,000
5%A
A
AA
1,000,000 A
1,000,000
A
A(i)5
(ii)0.074
14
A0.05
0.05
A 0.074
A 2,702,702,702
70.90%
AA
30%
26
A
8.08
AA
A
A
A
15
AA
A
(i)
A (ii)
A100%
A
A A
A
A
180A
100%
A
6%
360
A
A
16
A A
A
1,000,000 A
20
A0.074
(i)
0.06121.3%
(ii)
0.11636.2%
(iii) 5
0.09622.9%
(iv) 10
0.09320.6%
(v)
0.037
100%
(vi) 0.035
111.4%
17
AA0.074
2,702,702,702(i)
70.90%(ii) A
41.49%(iii)
B6,000,000,000
21.60%
B
300,000,000
2%B
B
BB
1,000,000 B
1,000,000
B
B(i)5
(ii)
0.05
B
B0.05
B6,000,000,000
157.40%
18
BB
30%
26
B
8.08
BB
BB
B
B
100%
B
BB
B
B
180B
100%
B
3%
360
19
B
B
BB
B
1,000,000
B
20
B0.05
(i)
0.06118.0%
(ii)
0.11656.9%
(iii) 5
0.09647.9%
20
(iv) 10
0.09346.4%
(v)
0.037
35.1%
(vi) 0.035
42.9%
BB0.05
6,000,000,000(i)
157.40%(ii)B
61.15%(iii)
A2,702,702,702
47.94%
(i)(ii)
100%
99%
1%
PT KDB
99.98%
0.02%
PT Bara
21
100%
100%
100%
Big Advance
Holdings Limited
99%
1%
PT KDB
99.98%
0.02%
PT Bara
(i)A
0.074A
(ii)B
0.05
B
Early State1
938,974,000
24.63%
(i)A
0.074A
(ii)B
0.05
B
23
938,974,000
17.27%
938,974,000
7.50%
1,625,914,564
29.90%
8,702,702,702
69.54%
2,872,952,789
75.37%
2,872,952,789
52.83%
2,872,952,789
22.96%
3,811,926,789
100%
5,437,841,353
100%
12,514,629,491
100%
22
1.
Early State938,974,000Early
StateEarly State
2.
30%
26
8.08
3.
(i)A
0.074A(ii)B
0.05B
52.83%
300,000,000 6,000,000,000
1,000,000,000 20,000,000,000 14,000,000,000
PT KDB
23
PT KDB
PT KDB
99%PT KDB1%
PT KDB1%Big Advance Holdings Limited
PT KDBPT Bara
PT Bara
PT KDBPT Bara99.98%PT Bara
PT BaraPT Bara
PT Bara
PT Bara
(i) PT BaraRegent of East BaritoPT BaraIUP
PT Bara
PT Bara(ii) PT BaraAMDAL
PT Bara0.02%
PT Bara
PT Bara
Dusun TengahRaren BatuahPT Bara
4,093 PT Bara
8,700,000 11,500,000 6,100,000
PT Bara
PT Bara
PT Bara
PT Bara
24
JORC
PT Sugih Jaya Tata Lestari
PT Bara
PT Bara Ampah 5
AmpahBantaidjaukmenjengPT Bara
11.60
Buntok
31.8
15.2
23.8
28.7
Betung
25
PT Bara
PT Bara
(i) (ii)
100%
95%
JORC
95%
JORC
0.3
50
ASTMD-2013-04 39
PT CCIC JakartaBanjarbaru PT GeoservicesPT CCIC Jakarta
PT Geoservices
PT Bara
26
100
100
108,529
(108,429)
100
847
(846)
1
PT KDB
PT KDB
(3,726)
(3,726)
27
(3)
(3)
(14,170)
(14,170)
(12)
(12)
996,274
996,274
859
859
982,104
982,104
847
847
PT Bara
PT Bara
(2,500)
(2,500)
(2)
(2)
436,334
436,334
376
376
(1,029,550)
(1,029,550)
(1,949,997)
(1,949,997)
(887)
(887)
(593,216)
(593,216)
(511)
(511)
(1,681)
(1,681)
(2,543,213)
(2,543,213)
(2,192)
(2,192)
PT Bara
BT Bara
58,000,000PT Bara110%
28
PT Bara
PT BaraKuasa PertambanganKP
Izin Usaha PertambanganIUPDGMCG
PT Bara KPIUP
Barito Timur RegencyPT Bara
Barito Timur RegencyPT Bara
Barito Timur RegencyPT Bara
PT Bara
PT Bara
(i)
PT Bara
Regent of Barito Timur
545 4,093
Barito RegencyDusun TengahRaren
Batuah
PT Bara
(ii)
PT BaraPT Bara
PT BaraPT Bara
1.
2.
3.
4.
5.
6.
29
7.
8.
9.
10.
PT Bara
11.
12.
13.
14.
MEMRPT
15.
16.
17.
18.
PT Bara
19.
MEMR
20.
PT
Minerba Law
PT BaraIUP
Barito Timur Regency
1.
2.
3.
30
Barito Timur Regency
PT Bara
1.
2.
IUPHHK 442
(i)
Sungai Karo
(ii)
(iii) PT Borneo Ketapang Indah
PT Borneo
Ketapang IndahPT Borneo Ketapang Indah
PT Borneo Ketapang IndahPT Borneo
Ketapang Indah PT Bara PT
Borneo Ketapang Indah
HPK 1,582
2.
APL 2,496
PT BaraHPK
1.
2.
3.
PT Bara
2011 10
1010
10
IUP
IUP
10
HPK
32
PT Bara
PT Bara
PT Bara
PT Bara
Sungai Karo
(HPH)
A
1,140
(APL) (HPK)
HPK
HPK
442
HPK
HPK
2,496
Sungai
KaroAPL
4,078
33
1.
2.
A
B
C
PT Bara
1.
2.
3.
4.
5.
34
(A)
PT Bara (IUP)
(B)
Sungai Karo
(PTP XIII)
PT Borneo Ketapang
Indah
(C)
35
(D)
(E)
PT Bara
Sungai Karo (PTP
XIII)
PT Bara
PT Bara
PT Bara18
PT Bara
450,000 900,000
1,800,000PT Bara
450,000
36
900,000
1,200,000
1,500,000
1,800,000
PT Bara
10,916,000
2,560,000
PT
Bara
37
PT Bara
40PT Bara
PT Bara
5,000
PT Bara
760
270
2,300
750
250
160
13.8
821
38
950
550
450
180
400
1,750
1,000
225
10
550
25%
900
6,811
50%
4,105
2,560
2,560
39
900
1,200
1,500
1,800
50%
2,560
2,560
67%
2,560
2,560
83%
2,560
2,560
2,560
2,560
40
2,560,000
900,000
PT BaraWarukin Formation
PT Bara
41
MEMR 34
42
500,000
1,250,000
250,000
1,000,000
1,750,000
1,250,000
PT Bara
ICI PT Coalindo
Energy Argus Media LimitedICI
42.70
PT BaraPT Bara
PT Bara
43
PT Bara
PT BaraPT Bara
PT Bara
PT Bara
PT Bara
PT Bara
PT Bara
PT Bara
58
40
44
46
74 30 24
45
69
30
46
PT Bara
PT Bara
PT BaraPT Bara
(i)
(ii)
47
PT Bara
PT Bara
10,900,000
PT Bara
PT Bara
PT Bara6,800,000
4,100,000
PT Bara18
1,800,000
PT Bara
(i) PT Bara(ii)
(iii)(iv)PT Bara
48
(i)
(ii)
141,600,000 28,300,000
224,990,000102,420,000
843,010,000542,710,000
49
8,705,00011,537,000
450,000 900,000
1,200,0001,500,0001,800,000
10,916,000 2,560,000 PT Bara
13.0%
463,900,000843,010,000
55.0%
PT Bara
PT BaraPT Bara
PT Bara
PT Bara
50
PT Bara
(i)PT Bara(ii)
PT Bara
PT Bara(iii)18
PT Bara PT Bara
(iv)
1818
71,000,000
553,800,000500,000,0009.7%
PT
Bara
51
PT Bara
BP
5,529,000,000
(Indonesia Coal Mining Association) (Indonesia Coal
Industry Outlook)
39%34%16%
52
BP
67.1%
240,200,000256,200,000 305,900,000
124,000,00079.4%
(US Energy
Information Administration)EIA2010(EIA 2010 International
Energy Outlook)
53
133,000,000
206,000,000 54.89% 15,000,000 126.67%
34,000,000
20%
117,000,000
47.86%173,000,000
25.28%
54
Argus/Coalindo
18.1626.43%
22.96
95%
1,9003,300
73.68% 4,500
EIA 2010
56
97.71%
1.
PT biasa
PT biasa
PT BaraPT biasa
BKPM PT biasa PMA
PT biasa
PT KDBPMA
2.
PT Bara
PT KDBPMDN
57
3.
PT KDBPMA
BKPM PMA
PMA PMA BKPM (Indonesian
Capital Investment Coordinating Board)PMAPMDN
PMAPMA
PMA
BKPM
2222/1999
32
3
812
32/200422/199922/1999
32/2004
(i)
(ii)
(iii)
32/2004
3838
58
38
Minerba Law78
33
11
11
11
kuasa
pertambangan KPPT BaraKP
11Minerba LawMinerba
LawKP
Minerba Law
4
Minerba LawMinerba Law
Minerba Law
1.
22
2222
Wilayah Usaha Pertambangan WUP
Wilayah Usaha Pertambangan Khusus WUPK
Wilayah Pertambangan Rakyat WPR
WUPK (Dewan
Perwakilan Rakyat)
59
2.
23
23 23
IUPIUPKIPR
Wilayah Izin Usaha Pertambangan WIUP
Wilayah Izin Usaha Pertambangan Khusus WIUPKWIUP
WIUPK MEMR
WIUP/WIUPK WIUPK
23
3.
55
5555(i) MEMR
(ii) MEMR
IUPIUPKIPR
4.
78
78
78IUP
MEMR
5.
17
MEMR
17MEMR17
IUPIUPK MEMR
17IUPIUPK
MEMR
(i) (ii) (iii)
IUPIUPK
6.
28
MEMR
28MEMR 28 IUPIUPK
MEMR 28 IUP
IUPK
60
7.
34
MEMR
34MEMR34
MEMR34
8.
376.K/30/DJB/2010
MEMR 376MEMR 376
Minerba Law
Izin Usaha Pertambangan IUP
1.
kabupaten(kota)bupati
2.
3.
MEMR
PT BarabupatiBarito Timor
61
Minerba LawIUPIUP
Minerba Law
IUP
IUP
50,000
IUP
15,000
20
PT BaraIUP
Minerba Law
IUP
Minerba Law KP
Minerba LawKP DGMCG
BupatisKPIUPPT Bara
KPIUP
IUP DGMCG
Minerba LawMEMR28
1.
2.
3.
4.
62
28
MEMR28
MEMR28
MEMR28IUPIUPK
MEMR
IUPIUPKMEMR
28IUPIUPK
IUPIUPK
DGMCG MEMR 28
MEMR376MEMR376
IUP
IUPLMEMR376
MEMR28IUPIUPK
MEMR28IUPIUPK
23 IUP
MEMRMEMR
MEMR17
MEMR17IUPIUPK
DGMCG
63
DGMCG
IUPIUPK MEMR
17
23 IUP IUPK
IUPIUPK
MEMR34
DMODMO
MEMR
DMODMO
24.17%MEMR34
DMO
DMOMEMR34
1.
MEMR34
2.
DMO
3.
MEMR34DMO
64
IUPIUPKMinerba LawIUPIUPK
IUPIUPK
32
1.
2.
B3
3.
4.
5.
6.
AMDAL
KPIUPIUPK
AMDAL
65
B3
1.
2.
3.
4.
1
1/1970
1/1970
66
13
555555
555
1.
2.
3.
Minerba LawIUPIUPK
adat
5
KPIUPIUPK
1.
(Hak Milik)
2.
3.
(Hak Pakai)
HGBHak Pakai
Hak Milik
Hak Milik HGB
67
41 19
1
MOFP(Izin Pinjans Pakai )
24P.43/Menhut II/2008
43
20
10
10
17(Pelayaran)
61
2002KM. 552007KM. 55
68
MEMR10
555.K/26/M.PE/1995
2
CPFRI2
CPFRI2
PT Bara
69
(i) (ii)
(iii)(iv)
Minerba Law
Minerba LawMinerba Law
MEMR
Minerba LawMinerba Law
Minerba Law
PT BaraKPIUP
DGMCGPT Bara
PT
PT Bara
70
MEMR 28 IUPIUPK
MEMR28IUPIUPK
Minerba LawMEMR34
MEMR17
DGMCG
MEMR
24.17%
PT Bara
MEMR PT Bara
MEMRPT Bara
Minerba LawPT Bara
PT Bara
2320%
23
23
20%
71
20%PT Bara
PT Bara23
20%
PT Bara
PT Bara
PT Bara
PT Bara
PT Bara
PT BaraPT Bara
PT
Bara
72
PT Bara
PT Bara
PT Bara
PT Bara
PT
Bara
PT Bara Sungai Karo
Community (PTP XIII) PT Bara PT Borneo
Ketapang IndahPT Borneo Ketapang Indah
PT Borneo Ketapang Indah
PT BaraPT Borneo Ketapang Indah
PT Bara
PT Bara
73
PT Bara
PT BaraPT Bara
(a)
PT BaraAMDAL
(b)
PT BaraPT Bara
PT Bara
PT Bara
PT BaraMinerba LawPT Bara
23PT Bara
PT BaraEast Barito Regent
PT BaraPT Bara
PT Bara
74
PT Bara
PT Bara
PT Bara
75
PT BaraPT Bara
100%
14.06(5)
(i)
(ii)(iii)
(iv)
68 3008
252253
76
2826
48
77
A.
(i)
26
77(ii)
23
67(iii)
2887(www.hkex.com.hk)
B.
27,845,000
15,389,0001,500,000
297,000
606,0008,926,000
4%Low2,627,000
C.
78
D.
12125
125%
+ *
*
*
79
28
29
Fastport
Fastport
Fastport
Fastport PT Karya
Dasar BumiPT Karya99%
PT Bara Utama Persada RayaPT Bara99.98%
Fastport
Fastport
Fastport
3.340
80
Fastport
Fastport
27
2727
27
Fastport
81
A.
82
A
B.
108,529
100
108,429
100
(108,429)
100
100
100
100
11
83
A
C.
100
100
100
100
100
100
100
100
84
A
D.
(108,529)
100
108,429
100
108,429
100
(100)
100
100
100
85
A
E.
1.
2.
Fastport
FastportFastport
3.
(a)
Fastport
PT KaryaPT BaraFastport
27FastportPT KaryaPT Bara
FastportPT KaryaPT Bara
(b)
(i)
Fastport
Fastport
86
(ii)
(c)
Fastport
Fastport
Fastport
(d)
(e)
(f)
Fastport
(g)
Fastport
87
(h)
Fastport
(i)
(ii)
(iii)
(iv)
(v)
(vi)
(vii)
(i)
FastportFastport
FastportFastportFastport
Fastport
Fastport
(i)(iv)
(iv)(v)
FastportFastport
Fastport
Fastport
88
(j)
Fastport
(k)
Fastport
4.
FastportFastport
Fastport
(a)
Fastport
(b)
FastportFastport
(c)
Fastport
5.
Fastport
6.
Fastport
89
A
7.
Fastport
108,529
8.
PT Karya Dasar
Bumi
990
1,000,000
99%
Fastport
1018(4)
Fastport
Fastport
Fastport
909
90
A
9.
10.
Fastport
11.
50,000
1100
100
100
FastportFastport
Fastport
12.
13.
Fastport
91
PT KDB
28
29
Fastport
PT Karya
PT Karya
PT Karya
PT Bara Utama Persada RayaPT Bara99.98%
PT Karya
PT Karya
PT Karya
3.340
92
PT KDB
PT Karya
PT Karya
27
2727
27
PT Karya
93
PT KDB
A.
(3,726)
(14,170)
(3,726)
(14,170)
(3,726)
(3,726)
94
(14,170)
(14,170)
B
B.
PT KDB
499,900
996,274
482,204
996,274
482,204
996,274
982,104
1,000,000
(3,726)
1,000,000
(17,896)
996,274
982,104
10
95
B
C.
PT KDB
1,000,000
1,000,000
(3,726)
1,000,000
(3,726)
996,274
1,000,000
(3,726)
996,274
(14,170)
(14,170)
1,000,000
(17,896)
982,104
96
(3,726)
B
D.
PT KDB
(3,726)
(14,170)
(499,900)
(482,204)
(982,104)
1,000,000
996,274
(996,274)
996,274
996,274
996,274
97
B
E.
PT KDB
1.
2.
PT Karya
PT KaryaPT Karya
3.
(a)
PT Karya
PT BaraPT Karya
27PT KaryaPT BaraPT Karya
PT Bara
KaryaPT Bara
3
27
(b)
(i)
PT Karya
PT Karya
98
PT KDB
(ii)
(c)
PT Karya
(d)
PT Karya
PT Karya
PT Karya
(e)
PT Karya
(f)
(g)
PT Karya
99
PT KDB
(h)
PT Karya
(i)
(ii)
(iii)
(iv)
(v)
(vi)
(vii)
(i)
PT KaryaPT KaryaPT
KaryaPT KaryaPT Karya
PT Karya
PT Karya
(i)(iv)
(iv)(v)
PT KaryaPT Karya
PT Karya
PT Karya
100
PT KDB
(j)
PT Karya
(k)
PT Karya
4.
PT Karya
PT Karya
PT Karya
(a)
PT KaryaPT Karya
PT Karya
(b)
PT Karya
(c)
PT KaryaPT Karya
(d)
PT Karya
5.
PT Karya
101
B
6.
PT KDB
PT Karya
28%
25%
7.
(3,726)
(14,170)
(1,043)
1,043
(3,542)
3,542
3,726
14,170
PT Karya
102
B
8.
PT KDB
499,900
PT Bara Utama
Persada Raya
4,999
100,000
99.98%
PT Karya
1018(4)
PT Karya
9.
PT Karya
PT Karya
PT Karya
103
B
10.
PT KDB
1,000,0001,500
1,500,000
1,500,000
1,000,0001,000
1,000,000
1,000,000
PT KaryaPT Karya
PT Karya
11.
12.
PT Karya
104
PT BARA
28
29
Fastport
PT Bara
PT Bara
PT Bara
PT Bara
PT Bara
3.340
105
PT BARA
PT Bara
PT Bara
106
PT BARA
A.
(2,500)
(1,029,550)
(1,949,997)
(2,500)
(1,029,550)
(1,949,997)
(2,500)
(2,500)
107
(1,029,550)
(1,029,550)
(1,949,997)
(1,949,997)
C
B.
PT BARA
436,334
593,216
593,216
482,204
2,061,009
2,543,213
(593,216)
(2,543,213)
500,000
(1,093,216)
500,000
(3,043,213)
(593,216)
(2,543,213)
8
8
436,334
10
500,000
(63,666)
436,334
108
C
C.
PT BARA
500,000
(61,166)
(2,500)
500,000
(63,666)
436,334
500,000
(63,666)
436,334
(1,029,550)
(1,029,550)
500,000
(1,093,216)
(593,216)
500,000
(1,093,216)
(593,216)
(1,949,997)
(1,949,997)
500,000
(3,043,213)
(2,543,213)
109
438,834
(2,500)
C
D.
PT BARA
(2,500)
(1,029,550)
(1,949,997)
593,216
482,204
1,467,793
593,216
1,949,997
(2,500)
(436,334)
438,834
436,334
436,334
436,334
110
C
E.
PT BARA
1.
2.
PT Bara
PT BaraPT Bara
3.
(a)
(i)
PT Bara
PT Bara
(ii)
111
PT BARA
(b)
PT Bara
PT Bara
PT Bara
(c)
(d)
(e)
PT Bara
(f)
PT Bara
112
PT BARA
(g)
PT Bara
(i)
(ii)
(iii)
(iv)
(v)
(vi)
(vii)
(h)
PT BaraPT Bara PT
BaraPT BaraPT Bara
PT Bara
PT Bara
(i)(iv)
(iv)(v)
PT BaraPT Bara
PT Bara
(i)
PT Bara
113
C
4.
PT BARA
PT BaraPT Bara
PT Bara
(a)
PT Bara
(b)
PT BaraPT Bara
(c)
PT Bara
5.
PT Bara
6.
PT Bara
10%50,000,000
28%
25%
(2,500)
(1,029,550)
(1,949,997)
(250)
250
(288,274)
288,274
(487,499)
487,499
114
C
7.
PT BARA
PT Bara
8.
9.
PT Bara
10.
100,0005,000
500,000
500,000
500,000
100,0005,000
500,000
500,000
500,000
PT BaraPT Bara
PT Bara
11.
115
C
12.
PT BARA
PT Bara
116
A.
Fastport
Investments Holdings LimitedFastport
117
B.
141,627
141,627
141,627
(116,451)
(116,451)
(116,451)
25,176
25,176
25,176
2,746
(3,110)
(51,549)
(12)
(1,687)
2,746
(3,110)
(1,687)
(51,561)
2,746
(3,110)
(1,687)
(57,281)
(26,737)
(12)
(1,687)
(28,436)
(1,616)
(1,616)
(28,353)
(12)
(1,687)
(30,052)
(67,478)
21
21
21
(28,332)
(12)
(1,687)
(30,031)
(67,457)
118
(5,720)
(6)
(34,156)
(31,706)
(5)
(33,322)
C.
(1,277)
(4)
489,018
(3)
44,763
844
433
44,763
1,277
44,763
(40)
(40)
44,723
844
433
46,000
18,106
46,225
1,500
114,439
417
18,106
46,642
1,500
114,439
180,270
417
180,687
(65,775)
(22,837)
(6,500)
(4,434)
(843)
(2,200)
(65,775)
(25,880)
(6,500)
(4,434)
(99,546)
(843)
(2,200)
(102,589)
(105,266)
80,724
(843)
417
(2,200)
78,098
204,002
125,447
850
(2,200)
124,098
737,743
(2,876)
(2,876)
(2,876)
(434,567)
(2,876)
(2,876)
(437,443)
122,571
850
(2,200)
121,222
300,300
(40)
489,018
533,741
(417)
128,998
(4)
(2)
18,106
46,225
128,998
1,500
114,439
309,268
(5,720)
3,043
(6)
(4)
(71,495)
(22,837)
(6,500)
(4,434)
119
(434,567)
(2)
174,746
865
433
176,045
(1,299)
(4)
174,746
(15)
(2,633)
(54,823)
(2)
(4)
(6)
183,449
(52,175)
183,449
2,648
(5,720)
122,571
850
(2,200)
(121,222)
120
(57,895)
300,300
D.
(31,706)
(5,720)
(5)
(6)
(28,353)
(12)
(1,687)
(30,052)
6,422
(132)
6,422
(132)
6,422
(132)
(200)
20
1,616
(200)
20
1,616
(200)
20
33,322
(20,627)
(5,935)
(12)
(1,687)
(22,326)
(5,935)
(28,046)
(5,935)
(15,419)
(15,419)
(15,419)
(12,022)
(12,022)
(12,022)
(7)
(7)
(7)
6,887
6,887
4,474
(205)
4,474
(205)
4,474
(205)
(42,854)
(12)
(1,687)
(44,553)
(44,553)
(11)
(11)
(11)
(42,865)
(12)
(1,687)
(44,564)
(44,564)
121
31,706
5,720
(5)
(6)
(67,478)
12,607
(8,080)
(8,080)
(8,080)
2,901
(844)
(433)
(417)
2,901
(1,277)
(417)
2,901
863
132
132
132
(5,047)
(844)
(850)
(6,741)
(4,184)
61,480
(50,389)
47,115
(1,314)
843
417
1,270
61,480
(50,389)
47,115
417
2,113
(1,314)
61,480
(50,389)
47,115
836
(1,314)
56,892
843
1,687
59,422
57,728
8,980
(1)
(862)
8,117
8,980
(433)
(433)
(433)
105,892
862
106,755
114,439
114,439
114,439
114,439
114,439
114,439
2,140
417
(4)
(4)
(417)
(1,277)
(863)
(4)
(4)
(4)
105,892
122
E.
(1)
Fastport
3
(2)
A(A)B(B)
489,018,000
434,567,000
128,998,000 183,449,000
(A)
A200,000,0005%
(B)
B300,000,0002%
(3)
36
(4)
1%PT Karya
123
(5)
31,706,000
(6)
5,720,000
124
F.
28
29
117
297
29(7)
125
300
29(1)
(a)
(b)
(c)
29(1)
126
A.
141,600,000
26%112,100,000
28,300,000
10,600,00017,700,000167%
(i)
5,900,000 25,200,000
19,300,000
(ii)
800,0001,000,000
200,000
(iii) 11,300,000
(iv) 12,100,00051,500,000
39,400,000
(v)
600,000 1,600,000
1,000,000
122,600,000
100,100,000 22,500,000
15,900,00031,300,0001,100,000
2,500,00028,300,000
127
115,900,000
107,400,000 1,500,000
1,500,000470,000
2,080,000
29,300,000 18,200,000
225,000,000177,100,00013.0%
10.3%
29,337
18,246
22,837
6,500
11,746
6,500
29,337
18,246
22,457
6,880
11,366
6,880
29,337
18,246
6,880
7,068
15,389
6,880
8
11,358
29,337
18,246
1,500,0001,500,000
128
141,600,000
112,100,00026%
900,00037,300,00038,200,000
28,500,00063,700,00035,200,000
8,600,00014,000,00022,600,000
10,400,00026,600,000
16,200,000
17.2% 17.8%
19,300,00025,200,000
28,300,000
10,600,000 17,700,000 167%
5,900,00025,200,000
19,300,000800,000 1,000,000
200,00012,100,000
51,500,00039,400,000
11,300,000
129
a)
317,000,0000.050.153
47,000,000
b)
36
130
2626
9371,035
30,140,000
131
112,100,000
31%163,500,000
10,600,000
23,500,00012,900,00055%
(i)
4,000,00019,000,000
23,000,000
(ii)
900,000
900,000
(iii) 1,700,0001,100,000
2,800,000
(iv) 11,300,000
(v)
1,600,000 2,900,000
4,500,000
(vi) 6,400,00039,400,000
45,800,000
100,000,000
61,000,00039,000,000
26,000,00017,000,0006,000,000
10,600,000
107,400,000
80,700,000 1,500,000
1,500,000 2,100,000
1,100,000
132
18,200,000 13,300,000
177,000,000141,000,00010.3%
9.4%
1
25
18,246
10,835
2,460
18,246
13,295
11,746
6,500
6,795
6,500
18,246
13,295
11,366
6,880
6,415
6,880
18,246
13,295
6,880
8
11,358
6,880
1,998
4,417
18,246
13,295
1,500,000
1,500,000
133
51,400,000
112,100,000163,500,000
17,000,00038,000,000
55,000,000 17,000,000
35,000,00052,000,000
14%17%
23,000,00019,000,000
10,600,000
23,500,000 4,000,000
19,000,00023,000,000900,000
900,0001,700,000
1,100,0002,800,000
11,300,0001,600,000
2,900,000 4,500,000
6,400,00039,400,00045,800,000
11,300,00021,900,000
23,500,0001,600,000
134
0.086
520,000,0000.05
43,300,000
294,000,000
2627
1,035988
135
163,000,000
1.9%160,000,000
23,500,0005,500,00018,000,000
327%
(i)
11,000,000 23,000,000
34,000,000
(ii)
3,000,000900,000
3,900,000
80,700,000
105,700,0001,500,000
1,500,000 1,000,000
2,700,000
136
14,700,00013,300,000
141,000,000166,000,0008.8%
9.4%
1
25
10,835
2,460
10,573
4,161
13,295
14,734
6,795
6,500
8,234
6,500
13,295
14,734
6,415
6,880
7,854
6,880
13,295
14,734
6,880
1,998
4,417
6,880
2,011
5,843
13,295
14,734
16,000,000
16,000,0001,500,000
1,500,000
137
3,000,000
163,000,000160,000,000
138
2728
9881,160
B.
PT KDBPT KDB
PT BaraPT Bara
139
PT KDB
PT
KDB
3,276,00014,170,000
PT Bara
PT Bara
2,500,0001,029,550,0001,949,997,000
Low 2,061,008,969
108,429
140
141
PT BARA
26
383806
(852) 2529 6878 (852) 2529 6806
info@roma-international.com
http://www.roma-international.com
PT Bara
18
VALMINROMAVALMIN
VALMINAusIMM
AusIMM
VALMINJORC
ROMA
142
PT BARA
ROMA
ROMASRK ConsultingJORC
PT HatfieldBelkin and Tewalt
ROMA
ROMA
ROMA
Dusun TengahRaren BatuahROMA
ROMA
ROMA
ROMA
ROMA
ROMA
ROMA
ROMA
ROMA
ROMA
ROMA
ROMAROMA
ROMA
ROMA
143
PT BARA
VALMIN ROMAROMA
ROMA
ROMA
ROMA
(Lakehead University)
(B. Eng.)(MBA)
(Ph.D.)
(Institute of
Materials, Minerals and Mining (UK))
(Institute of Materials, Minerals and Mining)
(Canadian Geotechnical Society)
(British Geotechnical Society)
18
144
PT BARA
ROMA
ROMA
ROMA
68
3008
JORC
(Canadian
Institute of Mining, Metallurgy and Petroleum)
145
PT BARA
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
150
1.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1.1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1.2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1.3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1.4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1.5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1.6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1.7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1.8. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
153
153
154
154
154
155
155
155
156
2.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2.1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2.2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
161
161
162
3.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
168
4.
. . . . . . . . . . . . . . . .
4.1. . . . . . . . . . . . . . .
4.2.
4.3. . . . . . . . . . . . . . .
....................................
....................................
....................................
....................................
169
169
172
173
5.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5.1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5.2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
175
175
175
6.
. . . . . . . . . . . . . . . . .
6.1. . . . . . . . . . . .
6.2. . . . . . . . . . . . . .
6.3. . . . . . . . . .
.
.
.
.
179
179
179
179
7.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7.1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7.2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
180
180
180
8.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8.1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8.2. (IEE) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
184
184
184
9.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9.1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9.2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
187
187
188
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146
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PT BARA
10.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
189
11.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
190
A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
191
B . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
198
C . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
206
D . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
207
147
PT BARA
1
2
3
4
5
6
7
8
9
10
11
12
13
14
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
PT Geoservices . . . . . . . . . . . . . . . . .
QA/QC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
148
154
165
167
167
174
175
176
177
178
181
182
186
187
188
PT BARA
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
IEE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
149
153
157
158
159
160
161
163
164
164
164
166
168
170
171
171
172
172
185
PT BARA
Dusun Tengah
Raren Batuah193
PT Bara Utama Persada RayaBUPR100%
IUP No. 181
24-25
135
Warukin
Montalat
BeraiWarukin
(C1C2C3)151C1C2
C3
OTO 3030
Mark 2
150
PT BARA
(QA/QC)
0.25(UU
1.43(N
1849PengaronMahakam
1980
SASCNEX6072.5
208597.5
JORC
8,705
11,537
6,097
26,340
151
PT BARA
(40
152
PT BARA
1.
1.1.
Dusun Tengah
Raren Batuah1193
153
PT BARA
1.2.
PT Bara Utama Persada RayaBUPR100%
IUP No. 181
4,0931
115o 1053,94
01o 4101,00
115o 1053,94
01o 4328,90
115o 1259,00
01o 4328,90
115o 1259,00
01o 4654,00
115o 1121,84
01o 4654,00
115o 1121,84
01o 4433,73
115o 0914,37
01o 4433,73
115o 0914,37
01o 4101,00
1
1.3.
24-25
(~(~2,405
135
1.4.
Dayak
ManyanDayak DusunBakumpaiDayak Bawo
Bakumpai
154
PT BARA
1.5.
1.6.
1.7.
153,8001.5
80%
KengkabangSamiajangLiang PahangUlu
Gedang
050
08%5010025%
155
PT BARA
50150
1.8.
5
pinjam pakai
156
PT BARA
157
PT BARA
f h
158
PT BARA
159
PT BARA
160
2.
PT BARA
2.1.
2.1.1.
BUPRSchwaner
Shield
Adang Fault
Schwaner Shield
PaternosterSW Borneo(Satyana
161
PT BARA
Berai
2.1.2.
Montalat
Meratus
Warukin
Meratus
2.2.
Montalat
BeraiBerai
162
PT BARA
Warukin
Warukin
7
SRK Consulting (Australasia) Pty Ltd.
JORCHong LongBarito Timur-Central Kalimantan
2.2.1.
Warukin
30
401025
163
PT BARA
8
SRK Consulting (Australasia) Pty Ltd.
JORCHong LongBarito Timur-Central Kalimantan
9
SRK Consulting (Australasia) Pty Ltd.
JORCHong LongBarito Timur-Central Kalimantan
10
SRK Consulting (Australasia) Pty Ltd.
JORCHong LongBarito Timur-Central Kalimantan
2.2.2.
2.2.3.
2,4001,1001,400
164
PT BARA
(C1C2C3)151
C1C2
C3
10430
TalohenTuran Amis
C1
C1_1
9.58
C1_2
C2
C3
8,341
45
0.0054
12.46
8,477
47
0.0055
C1_3
14.98
8,492
48
0.0057
C1_4
17.53
11,462
44
0.0038
C2_1
63.18
12,868
342
0.0266
C2_2
85.51
20,468
348
0.0170
C2_3
92.23
23,008
349
0.0152
C2_4
94.95
24,638
351
0.0142
C3
56.82
16,746
351
0.0198
165
PT BARA
11
SRK Consulting(Australasia)Pty Ltd.
PT. Bara Utama Persada Raya
166
PT BARA
34
C1
C2
C3
C1_1
C1_2
C1_3
C1_4
C2_1
C2_2
C2_3
C2_4
C3
27
36
43
42
146
208
236
230
101
34
44
54
52
180
258
293
285
124
40
52
62
60
208
300
339
329
142
46
52
58
59
68
75
71
82
91
68
77
85
234
265
292
341
389
430
384
436
481
372
422
464
158
177
193
C1
C2
C3
C1_1
C1_2
C1_3
C1_4
C2_1
C2_2
C2_3
C2_4
C3
40
51
62
60
146
306
334
326
148
50
64
78
75
180
380
414
403
181
58
75
90
87
208
442
479
466
207
66
76
84
86
98
109
103
118
131
98
112
123
234
265
292
502
573
633
543
617
680
526
596
656
231
258
281
12
167
PT BARA
12
SRK Consulting(Australasia)Pty Ltd.
PT. Bara Utama Persada Raya
3.
HQ
Tone THS 5Long Year 24
Sigit Hardjanto
Daya Kita Integra Teknologi
168
PT BARA
10%
4.
4.1.
169
PT BARA
13
SRK Consulting (Australasia) Pty Ltd.
JORCHong LongBarito Timur-Central Kalimantan
170
PT BARA
14
15
171
PT BARA
16
17
4.2.
Geologger OTO 3030 Mark 2
172
PT BARA
4.3.
PT Sugih Jaya Tata Lestari
(UTM)
DH_01
DH_02
DH_03
DH_04
DH_05
DH_06
DH_07
DH_08
DH_09
DH_10
DH_11
DH_12
DH_13
DH_14
DH_15
DH_16
DH_17
DH_18
DH_19
DH_19R
DH_20
DH_20R
DH_21
DH_21R
DH_22
DH_22R
DH_23
DH_23R
DH_24
DH_24R
DH_25
DH_26
DH_26R
DH_27
DH_28
DH_29
DH_29R
DH_30
X
295458.154
295632.296
295767.238
295856.343
295941.070
296108.647
296490.544
295424.232
295621.130
295744.662
295844.397
296021.942
296125.773
295605.721
295714.526
295860.501
296051.043
296199.773
295333.212
294960.749
295540.825
295526.800
295681.659
295796.971
295807.321
296113.847
295959.228
296000.618
296109.660
294854.260
295372.510
295497.914
295873.826
295698.979
295935.195
296110.334
294894.772
296442.189
Y
9813742.013
9813744.640
9813739.394
9813781.842
9813685.012
9813795.051
9813635.484
9813396.500
9813496.410
9813403.314
9813400.802
9813400.802
9813415.007
9813010.866
9813017.066
9813040.855
9813043.199
9813012.503
9812656.814
9810148.335
9812673.877
9809839.960
9812676.000
9809669.884
9812649.756
9809526.135
9812683.147
9808961.250
9812682.110
9809269.050
9811390.660
9811130.379
9808616.279
9811026.991
9810895.932
9810797.776
9808888.833
9810599.315
173
Z
102.027
94.443
99.539
116.090
94.432
101.975
91.667
97.250
97.500
92.626
93.192
105.092
99.240
114.035
98.937
101.050
87.390
90.220
111.820
87.312
113.251
80.954
116.825
92.408
112.221
80.520
101.209
92.514
91.126
79.000
87.130
96.400
86.369
98.930
81.850
77.121
79.680
81.558
51.00
54.00
51.00
70.00
51.00
51.00
70.00
51.00
62.00
50.00
50.00
50.00
50.00
50.00
50.00
50.00
51.00
50.00
51.00
51.00
51.00
34.33
55.50
51.00
51.00
52.00
51.00
51.00
51.00
51.00
51.00
51.00
51.00
51.00
51.00
35.53
51.00
51.00
P
TW
TW
TW
P
P
P
P
TW
P
P
P
P
P
P
P
O
P
TW
TW
TW
TW
P
P
TW
P
TW
P
TW
P
O
TW
TW
TW
TW
TW
TW
P
PT BARA
DH_31
DH_32
DH_33
DH_34
DH_34R
DH_35
DH_36
DH_37
DH_38
DH_39
DH_40
DH2_01
DH2_02
DH2_03
DH2_04
DH2_05
DH2_06
DH2_07
DH2_08
DH2_09
DH2_10
DH2_11
DH2_12
DH2_13
DH2_14
DH2_16
DH2_17
DH2_18
DH2_19
DH2_20
DH2_21
DH2_22
X
295436.161
295592.055
295829.555
295998.551
295293.261
296262.327
295045.251
295449.638
295661.201
295792.957
296198.287
295263.255
295498.781
295797.978
296033.891
296355.550
295928.287
294905.519
295166.987
294678.491
294750.183
295055.633
295315.578
295746.184
296262.043
295156.279
295640.941
295975.328
296361.972
295965.559
295147.440
295685.040
Y
9810743.557
9810661.295
9810518.565
9810451.743
9809969.191
9810360.533
9810529.470
9810392.325
9810217.090
9810129.770
9809946.372
9811703.046
9811466.834
9811844.903
9811882.582
9811892.761
9813414.090
9811026.561
9810926.899
9810232.033
9809819.455
9809536.900
9809364.535
9809100.868
9808560.342
9808284.190
9807996.254
9807869.125
9807774.130
9813045.148
9810541.415
9810619.018
TW=P=O=
174
Z
92.093
100.536
90.494
81.981
82.210
82.305
96.324
85.262
89.650
81.208
81.492
99.838
104.393
103.935
105.626
100.737
89.430
100.849
96.639
86.473
83.397
83.336
79.634
8.286
98.735
80.865
82.865
80.432
82.394
88.122
89.775
98.972
52.40
51.00
51.00
47.00
51.00
51.25
70.00
51.00
51.00
51.30
51.00
51.00
51.00
51.00
42.05
30.00
51.00
46.00
51.00
51.50
44.00
51.00
51.00
51.00
51.00
51.00
51.00
51.00
51.00
51.00
51.00
50.00
P
P
P
P
P
P
TW
P
P
P
TW
TW
TW
TW
TW
TW
TW
TW
P
P
P
P
P
P
TW
P
P
P
P
TW
P
P
5.
PT BARA
5.1.
5.2.
5.2.1.
ASTMD-2013-04
PT CCIC Jakarta39BanjarbaruPT Geoservices
PT CCIC JakartaISOPT Geoservices
6PT Geoservices
175
PT BARA
5.2.2.
(QA/QC)
QA/QC PT Geoservices
(TM)
16%
547%CCICGeoservices
16%
216%CCICGeoservices
7QA/QC
176
PT BARA
5.2.3.
A
BU
B
BL
CU
C
CL
DU
D
DL
EU
E
EL
FU
F
FL
G
H
I
JU
J
JL
KU
KLU
KL
KLL
L
MU
M
ML
NU
5
2
4
2
1
5
1
2
6
2
6
4
5
6
4
6
5
5
6
5
8
5
12
4
8
4
8
3
8
2
5
0.70
0.56
0.36
0.84
0.65
1.05
0.89
0.32
0.92
0.68
0.56
0.66
0.52
0.63
0.58
0.49
0.53
0.35
1.23
0.78
0.50
0.51
0.69
0.51
0.85
0.69
1.00
0.67
1.11
0.54
0.63
177
0.15
0.54
0.10
0.46
0.65
0.20
0.89
0.22
0.34
0.32
0.21
0.30
0.20
0.20
0.16
0.18
0.16
0.29
0.20
0.70
0.17
0.30
0.30
0.20
0.52
0.30
0.55
0.45
0.06
0.40
0.43
1.15
0.59
0.50
1.23
0.65
1.85
0.89
0.41
1.66
1.05
1.19
1.48
0.85
0.92
1.10
0.77
1.81
0.40
1.97
0.85
0.74
0.72
1.26
0.96
1.19
1.03
1.57
0.90
1.90
0.67
0.87
PT BARA
N
NL
OU
O
OL
P
Q
RU
R
RL
S
T
UU
U
UL
8
5
1
13
1
18
11
6
3
6
6
1
2
1.43
0.49
0.90
0.88
0.30
0.79
0.48
0.35
0.83
0.80
0.44
0.28
0.25
1.09
0.69
0.30
0.90
0.23
0.30
0.13
0.10
0.25
0.50
0.23
0.23
0.28
0.13
1.05
2.10
0.73
0.90
1.85
0.30
1.50
0.96
0.50
1.03
0.90
0.90
0.28
0.37
1.12
8
0.25UU1.43N
9
%
%
JORC (ar) (adb)
%
%
%
%
(adb) (adb) (adb) (adb) (adb) (adb)
HGI
8.7
33.53
15.92
9.06
37.88
37.06
1.65
5,260
1.38
58
11.5
34.46
16.04
8.38
38.05
37.53
1.81
5,293
1.39
58
6.1
33.48
15.41
9.19
37.75
37.65
2.05
5,221
1.39
58
26.3
33.93
15.85
8.79
37.93
37.40
1.81
5,265
1.39
58
178
6.
PT BARA
6.1.
Pengaron
Ombilin
Bukit Asam
4,000
6.2.
ICI Index4,200
GAR(3,700NAR)42.70FOB
10%
FOB
(AE)
1%1%ML5%
BeraiBeraiWarukin
Berai
6.3
2:1
PT Bara3.53BCM
179
PT BARA
7.
7.1.
JORC
7.2.
100%
95%
JORC
180
PT BARA
95%
JORC
0.3
50
JORC
500
1,000
2,000
1011
8,705
11,537
6,097
26,340
10
181
PT BARA
KU
KL
(%) (%) (%) (%)
(arb) (%) (%) (adb) (adb) (adb) (adb)
(HGI)
(adb) (adb)
(adb)
502
370
872
38.07 16.40
39.33 17.36
38.60 16.81
5.82
4.23
5.15
41.17 36.61
41.30 37.11
41.22 36.82
0.77
0.48
0.64
5,472
5,425
5,452
1.36
1.34
1.35
52
57
54
696
15
710
283
392
662
1,337
267
460
103
830
931
258
21
1,210
737
263
81
1,080
387
200
212
799
226
523
7
757
677
401
38.83
34.61
38.75
32.59
33.77
37.53
35.42
38.00
36.99
36.94
37.31
39.25
38.38
39.27
39.06
34.51
36.07
36.22
35.03
30.55
33.42
31.48
31.52
34.69
31.86
30.92
32.69
33.87
32.52
5.13
3.98
5.11
4.02
4.25
5.38
4.77
6.55
5.66
6.45
6.05
6.28
8.33
9.57
6.78
9.62
11.90
13.95
10.51
6.75
8.56
7.89
7.51
9.27
9.28
10.75
9.29
9.12
15.81
40.29
42.31
40.33
41.32
41.10
39.18
40.18
39.56
41.99
41.61
41.15
40.14
39.48
38.78
39.97
37.70
37.45
37.37
37.61
39.91
37.73
39.28
39.19
37.22
37.39
35.07
37.32
36.77
34.65
38.11
38.14
38.11
39.47
39.38
40.50
39.96
38.39
37.60
36.41
37.71
36.97
36.76
36.53
36.92
36.61
35.03
34.24
36.04
38.51
37.00
37.77
37.94
37.23
37.05
37.23
37.11
38.61
35.40
0.40
0.27
0.40
0.37
0.35
0.38
0.37
0.50
0.31
0.25
0.36
0.35
0.70
0.70
0.43
0.67
1.01
1.53
0.82
1.98
1.75
2.02
1.93
1.07
1.44
0.49
1.32
0.91
2.57
5,386
5,560
5,390
5,654
5,574
5,284
5,444
5,317
5,437
5,382
5,391
5,292
5,248
5,171
5,280
5,131
5,003
5,005
5,090
5,608
5,253
5,474
5,483
5,129
5,190
5,040
5,170
5,226
4,814
1.37
1.34
1.37
1.33
1.34
1.39
1.36
1.37
1.36
1.36
1.37
1.36
1.38
1.38
1.37
1.39
1.42
1.44
1.40
1.36
1.36
1.36
1.36
1.39
1.39
1.38
1.39
1.39
1.47
53
53
53
57
57
56
57
60
70
71
67
64
63
63
63
57
57
57
57
55
60
57
58
59
59
57
58
59
70
1,078
1.55
5,067
1.42
64
16.46
15.57
16.44
15.19
15.28
14.94
15.09
15.53
14.75
15.55
15.10
16.62
15.43
15.12
16.34
16.07
15.62
14.44
15.83
14.83
16.72
15.05
15.37
16.28
16.28
16.95
16.28
15.50
14.14
182
PT BARA
83
1,098
1,205
2,385
389
1,245
584
2,217
1,538
2,132
550
4,220
1,240
581
153
1,974
683
868
659
2,210
261
788
942
1,992
1,002
1,134
532
2,668
8,705
11,537
6,097
26,340
(%) (%) (%) (%)
(arb) (%) (%) (adb) (adb) (adb) (adb)
(HGI)
(adb) (adb)
(adb)
31.26 14.96 5.36 39.54 40.14 1.07 5,680 1.35 51
35.93 16.98 6.44 37.78 38.81 1.86 5,284 1.37 47
33.77 15.63 12.35 35.95 36.07 2.23 4,980 1.42 47
34.66 16.21 9.45 36.90 37.44 2.03 5,141 1.40 48
34.47 16.31 11.12 35.81 36.76 2.10 5,019 1.43 58
36.87 16.36 10.01 35.65 37.99 3.09 5,051 1.41 53
36.30 16.21 10.75 35.28 37.76 3.51 5,000 1.43 53
36.30 16.31 10.40 35.58 37.71 3.03 5,032 1.42 55
33.17 15.80 7.91 37.90 38.38 2.01 5,343 1.37 60
33.61 15.96 8.24 37.11 38.70 1.87 5,298 1.39 63
33.39 17.39 6.34 36.67 39.60 1.17 5,328 1.38 65
33.42 16.09 7.87 37.34 38.70 1.83 5,318 1.38 63
30.17 15.17 14.64 36.97 33.16 3.17 4,928 1.44 62
35.37 15.43 9.90 37.87 36.79 2.88 5,227 1.41 63
34.42 15.44 11.55 35.51 37.45 2.77 4,920 1.41 60
32.01 15.27 13.03 37.12 34.55 3.05 5,014 1.43 61
33.25 15.44 8.09 38.48 37.99 2.08 5,452 1.38 51
33.26 15.24 9.95 38.80 36.02 2.52 5,368 1.39 55
32.70 15.69 8.27 39.56 36.48 2.23 5,467 1.37 60
32.99 15.48 8.90 39.12 36.50 2.33 5,426 1.38 55
32.35 16.03 5.28 38.73 39.96 1.84 5,658 1.34 54
31.08 18.37 5.05 38.11 38.47 1.82 5,518 1.34 50
29.30 13.93 9.05 38.18 38.84 3.29 5,244 1.37 60
30.39 15.94 7.00 38.22 38.84 2.53 5,405 1.35 55
32.48 17.42 9.68 35.90 36.31 1.76 5,253 1.38 64
30.50 15.42 10.39 38.41 35.75 1.81 5,422 1.38 63
28.26 13.77 12.10 37.99 36.25 1.92 5,352 1.41 61
30.78 15.83 10.47 37.39 36.06 1.81 5,345 1.39 63
11
183
8.
PT BARA
8.1.
15
0.70
8.2. (IEE)
8.2.1.
(ADB)(2003)B
IEE
IEE
184
PT BARA
f h
18IEE
PT Hatfield Indonesia
(IEE)
8.2.2.
12IEE
185
PT BARA
1)
2)
2)
1)
1)
2)
1)
1)
2)
3)
1)
2)
3)
(40
1)
2)
1)
2)
2)
1)
1)
12
186
9.
PT BARA
9.1.
(>15%-20%)
(10%
-15%)
(<10%)
13
13
187
PT BARA
9.2.
14
14
188
PT BARA
12
ROMA
10.
MontalatBeraiWarukin
33Warukin30o40o
10o25o
189
PT BARA
0.251.43JORC
26,3408,70511,537
6,097
JORC
%
(ar)
%
(adb)
%
(adb)
%
%
(adb) (adb)
%
(adb)
(adb)
(HGI)
(adb)
8.7
33.53
15.92
9.06
37.88
37.06
1.65
5,260
1.38
58
11.5
34.46
16.04
8.38
38.05
37.53
1.81
5,293
1.39
58
6.1
33.48
15.41
9.19
37.75
37.65
2.05
5,221
1.39
58
26.3
33.93
15.85
8.79
37.93
37.40
1.81
5,265
1.39
58
11.
(JORC)JORC
http://www.investis.com/bp_acc_ia/stat_review_06/htdocs/reports/report_22.html
190
PT BARA
191
PT BARA
192
PT BARA
193
PT BARA
194
PT BARA
195
PT BARA
196
PT BARA
197
PT BARA
198
PT BARA
199
PT BARA
200
PT BARA
201
PT BARA
202
PT BARA
203
PT BARA
204
PT BARA
205
PT BARA
206
PT BARA
207
PT BARA
208
PT BARA
209
PT BARA
210
26
383806
(852) 2529 6878 (852) 2529 6806
info@roma-international.com
http://www.roma-international.com
KY/TR335/SEP10(a)
68
3008
CIMVAL
1.
211
2.
3.
3.1
20
212
397,983
10.3%
9.3%
7%
213
4.
4.1
4.1.1
41%
4.1.2
214
2971
919
526
335
263
247
229
96
78
73
4.1.3
67.55EIA
1.7%
3500
3000
2500
2000
1500
1000
500
0
215
4.1.4
9,090
1473,12540%
EIA32.59
25%
4.2
EIA5585%
142,000,000
68%24,000,000
EIA
118,000,000
135,000,00070%
30%
4.2.1
13%
Aburizal Bakrie
216
50
4.2.2
28
4493
(Indonesian Mining Association)
4.3
70%
1,14513%
BP 2010(BP Statistical Review of World Energy 2010)
(OCED)
7.4%
95%
164,830,000
30.9%15%19.03
84%
5.
5.1
217
Argus Media
ArgusCoalindo
5.2
Raren BatuahDusun
Tengah1931,050
(IUP 2009181(Izin Usaha Pertambangan,
IUP)4,093
5.3
153,8002,000,000
13
218
5.4
JORC
219
502
370
872
696
15
710
283
392
662
1,337
267
460
103
830
931
258
21
1,210
737
263
81
1,080
KU
KL
JORC
220
387
200
212
799
226
523
7
757
677
401
1,078
83
1,098
1,205
2,385
389
1,245
584
2,217
1,538
2,132
550
4,220
1,240
581
153
1,974
683
868
659
2,210
JORC
261
788
942
1,992
1,002
1,134
532
2,668
8,705
11,537
6,097
26,340
6.
7.
221
8.
222
8.1
8.2
8.3
8.4
223
8.4.1
DCF
PVCF =
CF =
r =
n =
Argus/Coalindo
Bloomberg
WACC
WACC = We x Re + Wd x Rd x (1 - Tc)
R e =
R d =
We =
W d =
T c =
224
8.4.2
8.4.3
Re = Rf + x+
R e =
R f =
=
8.4.4
7.68%
17.10%
9.42%
1.18
225
41.71%58.29%
18.37%
8.4.5
18
18
450,000
900,000
900,000
1,200,000
1,500,000
1,800,000
Argus/Coalindo
7.5%
7.5%
7.5%
7.5%
6.5%
16,500,000
35,700,000
38,800,000
56,100,000
5,700,000
3,900,000
226
16,900,000
20,800,000
24,400,000
33,600,000
8.4.6
33.00%Milton Gelman
Journal of TaxationAn Economist-Financial Analysts
Approach to Valuing Stock of a Closely Held Company
8.4.7
DCF
2.0%
1.0%
+1.0%
+2.0%
16.37%
17.37%
18.37%
19.37%
20.37%
83,000,000
77,000,000
71,000,000
66,000,000
61,000,000
2.0%
1.0%
+1.0%
+2.0%
5.68%
6.68%
7.68%
8.68%
9.68%
70,000,000
71,000,000
71,000,000
72,000,000
72,000,000
-1.6%
-0.8%
+0.8%
+1.6%
()
-5.0%
-3.0%
+3.0%
+5.0%
28.00%
30.00%
33.00%
36.00%
38.00%
77,000,000
74,000,000
71,000,000
68,000,000
66,000,000
+7.5%
+4.5%
-4.5%
-7.5%
227
+16.9%
+8.1%
-7.4%
-14.1%
-5.0%
-3.0%
+3.0%
+5.0%
()
20.00%
22.00%
25.00%
28.00%
30.00%
70,000,000
70,000,000
71,000,000
72,000,000
73,000,000
-1.8%
-1.1%
+1.1%
+1.8%
()
72,000,000
72,000,000
71,000,000
71,000,000
70,000,000
+1.2%
+0.6%
-0.6%
-1.2%
()
75,000,000
73,000,000
71,000,000
69,000,000
68,000,000
+4.9%
+2.5%
-2.5%
-4.9%
()
72,000,000
72,000,000
71,000,000
71,000,000
70,000,000
+1.1%
+0.6%
-0.6%
-1.1%
-10.0%
-5.0%
+5.0%
+10.0%
1.66
1.75
1.85
1.94
2.03
-10.0%
-5.0%
+5.0%
+10.0%
-10.0%
-5.0%
+5.0%
+10.0%
7.09
7.48
7.88
8.27
8.66
23,900,000
25,200,000
26,500,000
27,800,000
29,200,000
228
()
50.98
52.05
53.66
55.27
56.34
61,000,000
65,000,000
71,000,000
77,000,000
82,000,000
-14.5%
-8.7%
+8.7%
+14.5%
()
-2.0%
-1.0%
+1.0%
+2.0%
93.00%
94.00%
95.00%
96.00%
97.00%
70,000,000
71,000,000
71,000,000
72,000,000
72,000,000
-1.8%
-0.9%
+0.9%
+1.8%
-5.0%
-3.0%
+3.0%
+5.0%
9.
229
Bloomberg
Argus/Coalindo
230
10.
11.
231
12.
BP 2010
232
13.
14.
71,000,000
CIM
26
383806
(852) 2529 6878
(852) 2529 6808
hermantso@roma-international.com
233
CIMVAL
1.
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3.
Rogers Pass
4.
DeWinton
5.
YellowknifeSNAP Lake
234
6.
ColomacLupin
7.
Ponoka
8.
Syncrude
9.
10.
11.
12.
235
161-167
21
3679-3829
3586-0683
236
512
237
238
68
3008
239
31,100,000
31,100,000
68
30053008
240
31,100,000
21,709
13
31,100,000
37,372.86
2
11
31
12
2
50
1.
(1996)126
21,70950
2.
41867654
186765518676561867657418,658.16
50
241
3.
40384176
038417703841780384179417,890.70
4.
122824
280,000
5.
20, 000,000
6.
7.
31,100,000
8.
(i)
(ii)
(iii)
9.
(i)
(ii)
(iii)
038417603841770384178 0384179
4
(iv)
242
1 1
1111
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8,000
32,000
35,200
243
68
30053008
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29 30 3
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2
324,558
244
31,000,000
36,816,000
245
31,100,000
1.
2.
6,000,000,000
300,000,000
3,811,926,789
190,596,339
20,000,000,000
1,000,000,000
3,811,926,789
190,596,339
8,702,702,702
(i)A
0.074
A(ii)
B
0.05B
435,135,135
(i)
A
0.074A
(ii)B
0.05
B
625,731,475
12,514,629,491
246
3.
(a)
XV
XV78
352
938,974,000
24.63%
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352
(b)
XV23
10%
247
Early State
938,974,000
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4.
5.
6.
(i)
(ii)
248
7.
8.
(a)
249
(b)
0.106
317,000,000(ii)
Early StateEarly State
0.106
(c)
Early State(i)
(ii)
Early State0.153
317,000,000
Early State0.153
(d)
Fastport
PT Bara
(e)
294,000,000.00
(f)
Early State
Early State0.086
520,000,000
Early State0.086520,000,000
250
9.
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3008
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2.
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1.
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2826
3.
4.
253