TUGAS-5

BAB III EVALUASI PROYEK-2

Diajukan Untuk Memenuhi Persyaratan Mata Kuliah Analisis Investasi

Tambang (TTA = 363) Program Studi Teknik Pertambangan Fakultas
Teknik Universitas Islam Bandung Tahun Akademik 2020 / 2021

Disusun oleh :

Nama : Mirazd . F Pamungkas

NPM : 10070117096

PROGRAM STUDI TEKNIK PERTAMBANGAN

FAKULTAS TEKNIK
UNIVERSITAS ISLAM BANDUNG
1441 H / 2021 M
SOAL
An investor has requested that you evaluate the economic potential
of purchasing a gold property at time zero for $1 million mineral rights
acquisition cost. Mining equipment cost of $3 million will be incurred at year
one. Mineral development costs of $2 million will be incurred at time zero
and $1,5 million at year one. Gold ore that will be mined at year one is
150000 tons of gold ore, the uniform production of 250000 tons of gold ore
per year in each of years 2, 3, and 4.
Gold ore reserves are estimated to be depleted at the end of year 4.
Reclamation costs $0,5 million and equipment salvage value $1 million will
be incurred at the end of year 4. Average grade of gold is 0,1 ounces of
gold per ton of ore with metallurgical recovery estimated 90%. Price of gold
is $300 per ounce in year one and to escalate 15% in year 2, 20% in year
3, and 10% in year 4. Operating costs are $20 (or $222,22 per ounce of
gold produced and sold) per ton of ore produced in year 1 and to escalate
8% per year. Calculate project ROR, NPV and PVR for minimum ROR
15%.
Diketahui :
C0 = $ 1000000
C1 Alat = $ 300000
C0 Depelopment = $ 2000000
C1 Depelopment = $ 1500000
Ժ = $ 1000000
Biaya Reklamasi = $ 500000
Penambangan Thn Ke-1 = $ 150000 ton  Meningkat $250000
ton/tahun
Harga Emas = $300/ons  meningkat
Oc1 = $20/ton  meningkat
Biaya metalurgi Emas = $0,1 ons/ton  90%=0,9

Ditanyakan :
1. ROR dengan minimum ROR 15%?
2. NPV?
3. PVR?

Jawab :
Oc1 = 50/ton x 150000 ton = $ 3000000
Oca = Naik 8%  $x8% = $1,6
= $2 + $1,6 = $ 21,6
= $21,6/ton x 250000 ton = $5400000
Oc3 = Naik 8%  $21,6 x8% = $1,728
= $ 21,6 + $ 1,728 = $ 23,328
= $ 23,328/ton x 250000 ton = $ 5.832.000
Oc4 = Naik 8%  $23,328 x 8% = $ 1,86624
= $ 23,328 + $ 1,86624 = $ 25,19424
= $ 25,19424/ton = $ 6.298.000

- Pendapatan dari produksi

a. Tahun Ke 1 = 150000 ton x 0,9 x 0,1ons/ton x $ 300/ons
= $ 4050000
b. Tahun Ke 2 = 250000 ton x 0,9 x 0,1ons/ton x $ 300/ons
= $ 6750000
- Tahun kedua ada kenaikan 15%, tahun ke 3 = 20%, tahun ke 4 = 10%
Pendapatan produksi tahun ke 2 sampai ke 4 =
Thn 2 = $ 6.750.000 x 15% = $ 1.012,500
= $ 6.750.000 x $ 1.012,500 = $ 7.762,500
Thn3 = $ 7.762,500 x $ 20% = $ 1.552, 500
= $ 7.762,500 x $ 1.552,500 = $ 9.315.000
Thn4 = $ 9.315.000 x 10% = $ 931,500
= $ 9.315.000 x $ 931.500 = $ 10.246,500
 Grafis hasil perhitungan :

I4=$10.346.000

I3=$9.315.000

I2=$7.050.000
I1=$4.050.000

CR=$1000.000

CR=$500.000
C1dgv=$1,500.000

C1=$100.000
Co=$100.000 OC1=$300.000 OC1=$5.400.000 OC3=$5.400.000 OC4=$6298.000