INVESTMENT PROJECT ANALYSIS OF MUD HANDLING USING SLURRY PUMP METHOD (CASE STUDY PIT C2 PT. BERAU COAL)

• Main Author: Ihsan Priambodo, Mohamad
• Format: Theses
• Language: Indonesia
• Subjects: Manajemen umum
• Online Access: https://digilib.itb.ac.id/gdl/view/71148
• Institution: Institut Teknologi Bandung

PT. Berau Coal as one of the largest coal producing companies in Indonesia will re-mine the previously finished pit at the Sambarata Mine Operation, namely Pit C2, where there is potential for coal reserves in the form of Premium Agathis Coal products. This premium product needs to be mixed with other products that have lower quality, specifically coal products from Binungan Mine Operation. In the current condition of Pit C2, the disposal for the allocation of overburden material disposal has a long distance and there is an additional cost incurred due to the distance rate adjustment from distance contract reference. To overcome this problem, there is an option of short distance disposal scenario, namely in pit dump scenario. With an in-pit dump scenario, there is cost efficiency from the distance rate adjustment due to the reduction in disposal distance. Sump H as a planned area for in pit dump is currently fulfilled with sedimentation material from previous mining activities, with a volume around 1,2 million cubic meters (BCM). Therefore, it is necessary for mud handling in Sump H area for it to become in pit dump location area. One of the proposed scenarios is the use of slurry pump, this scenario is more suitable for current condition due to it can finished earlier than other scenario, namely conventional mud handling. However, it is necessary to study and evaluate further the financial analysis of the proposed scenario in comprehensive manner. To obtain the financial feasibility of this project, this research use capital budgeting analysis in which the parameters used are studied further using sensitivity analysis and probability analysis. From the results of the financial feasibility analysis of this slurry pump scenario, it shows that this project is financially feasible with an NPV value of IDR 16.227.951.215,26, with an IRR of 43,08%, a Payback Period of 1,6 years, a Discounted Payback Period of 1,77 years and a Profitability value Index 1,7. In addition, based on the Monte Carlo Simulation for probability analysis, it is found that the probability of this project failing is 0%. Therefore, it can be concluded from the results of the financial feasibility analysis, this project is recommended to be implemented by PT. Berau Coal for cost efficiency incurred from distance rate adjustments. For future research, it can be research further for the option of purchase slurry pump rather than lease for bigger project. Other than that, to ensure the project running well, the research of best operational management method is needed for proper control of project running.