proposal working capital - groups

PT. BAMA MITRA MANDIRI SUNGAI MAS & KAWAI-XVI COAL MINING PROJECTS

PerkantoranTomangTol Raya Blok A II/20 Jl. Kedoya Agave Raya, Kedoya Selatan, Jakarta Barat, Indonesia

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PROPOSAL Working Capital

- PT. Bama Bara Mandiri - BMM

IUP OPERASI PRODUKSI KHUSUS (IUPOP-K) PENGANGKUTAN DAN PENJUALAN BATUBARA KEPUTUSAN KEPALA BADAN KOORDINASI PENANAMAN MODAL NO: 6/I/IUP/PMDN/2019

- PT. Surya Makmur Indonesia – SMI

IUP OPERASI PRODUKSI (IUPOP) BATUBARA KEPUTUSAN KEPALA DINAS PENANANAM MODAL DAN PELAYANAN TERPADU SATU PINTU NO : 545/DPMPTSP/2564/lUP-OP./2017

- PT. Prima Bara Mahadana – PBM - IUP OPERASI PRODUKSI (IUPOP) BATUBARA

KEPUTUSAN BUPATI ACEH BARAT NO : 190 TAHUN 2012

West Aceh Regency, AcehNAD May2020



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Proposal for Working Capital

I. Executive Summary

II. SMI and PBM Mines

III. Market

IV. Risks & Mitigation

V. Financial Plan

Attachments

A. Mining

B. IOP-OP Document B.1 IUPOP-K PT. Bama Mitra Mandiri – BMM B.2. IUP-OP PT. Surya Makmur Indonesia – SMI B.3. IUP-OP PT. Prima Bara Mahadana – PBM C. Drilling Reports C.1. Laporan Explorasi SMI C.2. Laporan Explorasi/JORC PBM



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I. Executive Summary

PT. BAMA Mitra Mandiri – BMM is an IUPOP-K (Ijin Usaha Pertambangan Operasi Produksi Khusus) holder, No: 6/I/IUP/PMDN/2019 issued by BKPM. It is licensed to Transport, Blend, and Trade coal Nationwide including Export. An IUP-OP holder has a concession area and can mine, transport dan sells the coal, but not blending coal sourced from another IUP-OP holder. The blending is fundamental to meet different users’ requirements or specifications such as the calorific value, sulfur, ash and moisture contents. BMM’s main sources of coal in Aceh come from the same group of companies which supply different quality of coals: - PT. Surya Makmur Indonesia – SMI supplies coal with calorific value (GAR) of

around 6,000 kcal/kg - PT. Prima Bara Mahadana – PBM supplies lower calorific value (GAR) of around

3,500 kcal/kg These 2 different coal specifications ensure BMM to be very adaptive to the users’ and markets’ requirements both in quality and quantity. The required coal characteristics can be achieved simply by blending it so to obtain CV (GAR) of 3,300 up-to 6,000+ Kcal/Kg. The other very forceful underlying reason for blending coal is to optimize the economic value. The price un-linearity per Metric Ton (MT) of GAR 6,000 can be over 300% higher than of GAR 3,200. The captive markets are PLTU Nagan Raya-1, Nagan Raya-2,and PT. Semen Andalas in Banda Aceh. BMM has a cost advantage as it is the only Aceh coal supplier that can meet the required specifications with relative short trucking distance. Other (existing) suppliers (competitors) bring the coal from Kalimantan with much higher additional shipping costs. A 2-year FOB off-take contract has been signed with a buyer from India with a minimum 50,000 MT/Month. An SKBDN will be issued by the off-taker 2 weeks before to the shipment. Both SMI and PBM are under the control of BAMA and owned by the same owners. The infrastructures for production are being prepared; some of them are ready e.g. Stockpile and blending area, some hauling roads. All concession areas are APL (Area Penggunaan Lain) that no need for permits from any governmental institutions. There are already agreements with local inhabitants, land acquisition, and some land compensation during production. The equipment required and contractors are also in place. A 2-year off-take contract for a minimum of 50,000 MT/Month also has been signed with a buyer from India.

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II. SMI and PBM Mines PT. Surya Makmur Indonesia was formerly named PT. Bama Adhipratama. The change of name was compulsory because there is another company with the same name in Bengkulu, South-West Sumatera.The original concession as awarded to PT.Bama Adhipratama still in the frame of old Mining Law, called Kuasa Pertambangan or KP. It was the authority of the Regent to issue a KP-OP. The new Law for Mining – UU MINERBA 2013, stipulates that all KPs must be upgraded to IUP-OPs or become invalid. The previous KP on the PT. Bama Adhipratama has been updated to IUP-OP, so the name to PT. Surya Makmur Indonesia. PT. Surya Makmur Indonesia’s The IUP-OP as imposed by the new Mining Law has been issued by the Provincial Government i.e. Gubernur Aceh. The IUP-OP or Ijin Usaha Pertambangan Operasi Produksi Batubara is a concession awarded by the Indonesian Government to a Company for production, transportation, and selling the coal of the awarded concession area. An IUP-OP holder must submit their annual plan to the Provincial Government for approval in advance. The Rencana Kerja dan Anggaran Biaya – RKAB 2020 for SMI and PBM have been approved by the Aceh Provincial Government. Over 97% of the concession areas are APL (Area Penggunaan Lain) which do not need any further permissions from any government institutions. All stakeholders from Provincial down to village inhabitants agree and support SMI and PBM. Operations will increase Aceh’s tax revenue, employment opportunities, and local economic activities. SMI and PBM are completely ready to rump up the production in full. The Satellite photo shows all Mining concessions in the Aceh Barat and Nagan Raya Regencies. The only company currently operationg is MIFA. All BMM’s coal blending activities will be concentrated in Nagan Raya, next to Nagan Raya-1 and Nagan Raya-2 PLTUs. The location of theCoal Preparation Plant (CPP) and blending centre is chosen as it is on the coast next to existing PLTUs, and now under construction PLTUs (Nagan Raya-3 and -4). It is next to PLN’s Jetty and MIFA’s Jetty. By law, MIFA’s existing hauling roads can be used base on fee for road maintenance.

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BMM’ CPP, stockpile and blending centre

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1 Company Name PT. SURYA MAKMUR INDONESIA 2 Location Sungai Mas Distric, West Aceh Regency

Aceh Province 3 Mining Area 1,600 Ha 4 Legality - IUPOperasiProduksi,dated15February2012

for 20years - ClearandClean

5 Land Status 96% APL, 5% Protected Forest 6 Accessibility

Nearest Airport Meulaboh Airport Airport - Mine site distance ± 70 km

7 Exploration a. Geological Condition - Morphology Moderate - high undulating hill - Rock Formation Kueh and Tutut - General Strike and Dips Northwest - Southeast; Dips about 23o SW - Number of Coal Outcrop 20 - Number of Bore Holes 28 - Number of Seams 11 seams - Seam Thickness 0.6 - 1.8 meter b. Typical Coal Quality - Gross Calorific Value (ar) 6000 kcal/kg - Total Mositure (ar) 2.80% - Inherent Moisture (ad) 2.30% - Ash Content (ad) 17.10% - Volatile Mater (ad) 32.00% - Fixed Carbon (ad) 48.00% - Total Sulpur (ad) 1.80% b. Coal Quantity - Reserves 1.9 Millions MT - Estimated Stripping Ratio 12.0 8 Infrastructure

Hauling Road to port 58 Km Jetty's Name Meulaboh Sea Port Facility Jetty Capacity 330 feet Barges Transhipment Anchorage Meulaboh Water (1 nM)

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1 Company Name PT. PRIMA BARA MAHADANA 2 Location Kawai-XVI Distric, West Aceh Regency

Aceh Province 3 Mining Area 2,024 Ha 4 Legality - IUPOperasiProduksi,dated21August2017

for 20years - ClearandClean

5 Land Status 100% APL 6 Accessibility

Nearest Airport Meulaboh Airport Airport - Mine site distance ± 50 km

7 Exploration a. Geological Condition - Morphology Low - moderate undulating hill - Rock Formation Tutut - General Strike and Dips Northwest - Southeast - Number of Coal Outcrop 18 - Number of Bore Holes 89 - Number of Seams 19 seams - Seam Thickness 0.3 - 1.2 meter b. Typical Coal Quality - Gross Calorific Value (ad) 3500 kcal/kg - Total Mositure (ar) 39.00% - Inherent Moisture (ad) 12.00% - Ash Content (ad) 8.00% - Volatile Mater (ad) 38.00% - Fixed Carbon (ad) 36.00% - Total Sulpur (ad) 0.30% b. Coal Quantity - Reserves 7.8 Millions MT - Estimated Stripping Ratio 3.6 8 Infrastructure

Hauling Road to port 36 Km Jetty's Name Meulaboh Sea Port Facility Jetty Capacity 330 ft Transshipment Anchorage Meulaboh Water (1 nM)

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III. The Markets Power Plant is designed base on certain characteristics of coal to be used. The boilers which generate steam to drive turbines are calculated on certain CV and moisture to reach its intended power output and efficiency. So do some critical parts such as pulverize/crusher type and capacity. MIFA mines in Aceh only produce coal with GAR of 3,200-3,400 and cannot be used for PLTU Nagan Raya-1 &2.SemenAndalas requires an even higher CV of GAR around 4,500. Most of the coals are shipped from Kalimantan which consequently adds with high transportation costs (hauling, handling, barging, etc). The Calorific Value (CV) of coal formations in West Aceh decreases from North to South. Some mines still not operational as the market requirements and profit margin caused by price fluctuation prevent these mines to do the exploitation. SMI’s coal has a high CVGAR of 6,000 that can be used to blend with the low CV coal, the blended coal will make it not only be more marketable but also profitable. The price of coal is not linear, but rather more on S-curve. The price of GAR 4,200 (blended) is much higher than GAR 3,300 or increase non-linear e.g. price of 1/1/2020 for GAR 3,400 is USD 21.61; GAR 4,200 is USD 34.81, whilst Price ratio 34.81/21.61 = 1.61 is higher than CV ratio 4,200/3,300= 1.273 There are 2 other PLN Electricity Coal Plants (Pembangkit Listrik Tenaga Uap- PLTU) that import coal from Kalimantan. The absence of infrastructure i.e. Roads and ports cause importation from Central Sumatera like Jambi even more costly than from Kalimantan. SMI location provides a secure and huge cost advantage in barging as it is much closer i.e. PLTU Labuhan Angin in Sibolga, and PLTU Teluk Sirih in Padang. Further, there are a lot of spot markets for buyers from Medan and surroundings. The users use the coal for factories electricity plants. The traders/users currently buy and transport the coal from Muarabungo, Jambi to Medan using trucks going through North Sumatera. The difference (cost) in distance from Meulaboh to Medan and from and Meulaboh to Medan is more than 450 Km. The following table shows the potential captive markets as BMM has a distinctive value proposition to these buyers/users:

‐ Cost Advantage generated by position proximity to end-users location yield to the significant cost difference

‐ Dependable delivery as the distance to end-users is closer and not season dependent. Mostly trucking only, or if barging will be short and less stormy sea area

‐ Local Government’s support as it will support local economic growth with local taxes & duties (Pendapatan Asli Daerah – PAD), employment and multiplier effect of it.

‐ PLN new Regulations stipulates that PLTU has to prioritize local source in the coal procurement assuming the price is not more expensive As long as there is a need for coal, even during a buyer market or depressed economic conditions, or glut due to global warming fear, BMM will still profitable and survive owing to the cost advantages. Coal is still the cheaper and abundant source of energy and will take decades to switch over completely to other renewable energy.

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CAPTIVE MARKETS: Cost Advantage & Local Product (Aceh's PAD and Employment)

User Name/Location

Collection Time

Monthly Amount ‐ MT

Delivery Existing Supplier

BMM's Cost Advantage to others

Status

PLTU Nagan Raya‐1 ‐ Aceh

2 mths 80,000+ Buyer's Stockpile

Barge from Kalimantan

Trucking only, <70Km

PLN is waiting as there is regulation for them to procure locally

PLTU Nagan Raya‐1 ‐ Aceh

2 mths 50,000 Buyer's Stockpile




PLTU LabuhanAngin ‐ Sibolga

2 mths 50,000 Buyer's Stockpile


Much Shorter barging distance


PLTU TelukSirih ‐ Padang 2 mths 70,000 Buyer's

Stockpile


Much Shorter barging distance


Cement Producer

Semen Andalas ‐ Banda Aceh

1 mth 50,000 Buyer's Stockpile



Ready to buy

Factories in North Sumatera

Traders ‐ North Sumatera

Cash on delivery

Free on Truck

Jambi and Sumatera Selatan

shorter Trucking distance >800Km

Ready to buy, deposit per lot with top‐up

PLTU XXXX. Ltd SKBDN 50,000 Free on Board

Kalimantan

Shorter Shipping distance

Contract signed

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IV. RISK & MITIGATION The global coal demand decreases as the fear for global warming increase. There are some issues and mitigations to be addressed. Demand/Market Indonesia still planning and building coal fire power plants for the coming years. The demand may start to decline after a decade from now. But by that time SMI and PBM mines have to be completely mined out or reach the end of mining lives. Before that happen, BMM-SMI-PBM should not have a real issue as elucidated in the Markets above, the risk is extremely remote

Source:IESR | A Roadmap for Indonesia’s Power Sector

Pricing/Margin The Indonesia Coal Index – ICI is quoted in USD, and in line with the global market price. The drastic drop in the low CV may create a serious problem in the margin as the coal getting cost or Cost of Goods Sold – COGS remains equal. Higher CV has more margin to survive during a price slump. BMM can control the margin to a certain extend by blending the coal from SMI with PBM to reach an optimal margin and supply. Due to the BMM-SMI-PBM cost advantage, the company should be the last standing player, especially for Aceh. For financial projections please refer to Part V: Financial.

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Substitute Products After the Paris Agreement and Greta Thunberg’s initiative, there more pressure for global warming, and consequently the use of fossil energy. The global electricity production as per 2017 is still dominated by coal. The current global economic condition will make a swift change very improbable.

Yet, the energy mix globally wills not change instantaneously, let alone Indonesia. The RUPTL- Rencana Usaha Penyediaan Tenaga Listrik PT.PLN 2019-2028, shows the use of coal for the power plant will keep increasing, at least till 2028.

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Source :RUPTLRencana Usaha Penyediaan Tenaga Listrik PT.PLN 2019‐2028 [Indonesia Electricity Supply Business Plan]

Law/Regulation– Regulator Electricity is a basic need for all and a significant portion of the cost of living for low incomes population. It is also a determining component in the production cost of real sectors. The balancing act of Government or Regulator has always been difficult. PLN is a state-owned company and has a monopoly in selling the electricity. The low watt consumers are subsidized by PLN/Government. The Regulator must ensure that PLN keeps operating in financially acceptable conditions or not defaulting. As coal is a very significant portion of the cost, the Regulator has introduced at least the following:

‐ Minimum 25% of coal produced by an IUP-OP holder must be sold locally – Domestic Market Obligation. This can be substituted by paying fee/MT to the Government. The fee is determined by the Government based on the quality or market. Severe sanctions will be imposed for any violation.

‐ There is a price ceiling for PLN’s coal buying price called Harga Batubara Acuan – HBA. The deviation between Indonesia the Coal Index – ICI, and HBA can be noticeably big. Another coal market is based on market price. These regulations made the IUP-OP holders cannot enjoy maximum profit margin during seller market condition. But it is struggling during a market slump. For BMM-SMI-PBM, the “location advantage” will provide ample cushion to absorb the volatility. Currency Risks The Indonesian Coal price is quoted and pegged to USD. All costs are paid in IDR. If it is sold in the domestic market, the payment is also in IDR. Export is normally in USD. Hence, a currency fluctuation will hardly have any negative consequences in profitability.

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Politics Aceh has special status or Otonomi Khusus (OTSUS) that give full authority to run the Aceh differently than other Provinces (Papua is also OTSUS).There is only MIFA that produce coal in Aceh Barat and Nagan Raya. PLTUs and Semen Andalas bring their coals from outside Aceh. If local Aceh miners can supply it, Aceh will have additional secure Local Government Revenue or Pendapatan Asli Daerah – PAD. PAD is very crucial in increasing its total budget and budget independent from the central government. Local coal mining companies will also drive local employment and economic. Local governments, from villages to provincial level have been incredibly supportive to BMM-SMI-PBM. BMM-SMI-PBM is committed to maximizing the use of local resources. Some pre-agreements have been made with Local Government enterprises to secure and optimize coal production and transport.

V. FINANCIAL PLAN One way of calculating the cost of producing coal or “coal getting” is the BCM price. Bank Cubic Metre (BCM) is a volumetric term commonly used in the mining industry. BCM represents the contents of a cubic meter of rock in place before it is drilled and blasted. The Costs of Goods Sold (COGS) of various Stripping Ratio (SR), COGS of blended coals with CV-GAR from 3,400 – 6,000, and Indonesian Coal Index (ICI) are attached below. The Graphs also shows the margin gap between selling coal from SMI and PBM separately and selling it as a blended product in accordance with client’s requirements.

8:1 10:1 12:1Coal Mining 195,000 240,000 285,000Coal Processing 18,000 18,000 18,000Hauling 107,000 107,000 107,000Royalty (7%) 72,500 72,500 72,500Others 35,000 35,000 35,000Total 427,500 472,500 517,500

Cost of Goods Sold SMI CV GAR 6,000

STRIPPING RATIOComponent

(IDR)

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2:1 3:1 4:1Coal Mining 60,000 82,500 105,000Coal Processing 18,000 18,000 18,000Hauling 61,200 61,200 61,200Royalty (3%) 10,000 10,000 10,000Others 27,500 27,500 27,500Total 176,700 199,200 221,700

Cost of Goods Sold SMI CV GAR 3,500(IDR)

ComponentSTRIPPING RATIO

SMI-GAR 6,000 PBM -GAR 3,400 SMI-COGS (IDR) 427,500 S/R: 8:1PBM-COGS (IDR) 176,700 S/R: 2:1 USD 1 = IDR 14,500

Required CV Required SMI-S/R=8/1

Required PBM-S/R=2/1

Blending COGS

Selling as 2 products ICI Price

(GAR) % % IDR IDR IDR3,400 0% 100% 176,700 311,750 311,750 3,600 8% 92% 195,992 357,575 403,9293,800 15% 85% 215,285 403,400 426,3694,000 23% 77% 234,577 449,225 448,8104,200 31% 69% 253,869 471,250 471,250 4,400 38% 62% 273,162 540,876 603,5484,600 46% 54% 292,454 586,701 630,9824,800 54% 46% 311,746 632,526 658,4165,000 62% 38% 331,038 685,850 685,850 5,200 69% 31% 350,331 724,176 767,0005,400 77% 23% 369,623 770,001 796,5005,600 85% 15% 388,915 815,827 826,0005,800 92% 8% 408,208 855,500 855,500 6,000 100% 0% 427,500 907,477 907,477

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‐

100,000

200,000

300,000

400,000

500,000

600,000

700,000

800,000

900,000

1,000,000

3,400 3,600 3,800 4,000 4,200 4,400 4,600 4,800 5,000 5,200 5,400 5,600 5,800 6,000

IDR

Calorific Value GAR

COGS ‐ Selling Price as 2 Products ‐ ICI PriceSMI S:R=8:1; PBM S:R=2:1

Blending COGS IDR Selling as 2 products IDR ICI Price IDR

SMI-GAR 6,000 PBM -GAR 3,400 SMI-COGS (IDR) 517,500 S/R: 12:1PBM-COGS (IDR) 221,700 S/R: 4:1 USD 1 = IDR 14,500

Required CV Required SMI-S/R-12/1

Required PBM-S/R=4/1

Blending COGS

Selling as 2 products ICI Price

(GAR) % % IDR IDR IDR3,400 0% 100% 221,700 311,750 311,750 3,600 8% 92% 244,454 357,575 403,9293,800 15% 85% 267,208 403,400 426,3694,000 23% 77% 289,962 449,225 448,8104,200 31% 69% 312,715 471,250 471,250 4,400 38% 62% 335,469 540,876 603,5484,600 46% 54% 358,223 586,701 630,9824,800 54% 46% 380,977 632,526 658,4165,000 62% 38% 403,731 685,850 685,850 5,200 69% 31% 426,485 724,176 767,0005,400 77% 23% 449,238 770,001 796,5005,600 85% 15% 471,992 815,827 826,0005,800 92% 8% 494,746 855,500 855,500 6,000 100% 0% 517,500 907,477 907,477

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‐

100,000

200,000

300,000

400,000

500,000

600,000

700,000

800,000

900,000

1,000,000

3,400 3,600 3,800 4,000 4,200 4,400 4,600 4,800 5,000 5,200 5,400 5,600 5,800 6,000

IDR

Calorific Value in GAR

COGS ‐ Selling Price as2 Products ‐ ICI PriceSMI S:R=12:1; PBM S:R=4:1

Blending COGS IDR Selling as 2 products IDR ICI Price IDR

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Attachment – A: Mining The Open Cast Coal Mining Project In-house and independent explorations for SMI Sungai Mas and PBM Kawai-XVI Open Cast Coal Mining Projects have completed. The study has confirmed the high economic viability of the quality and quantity for development of a centralized production facility on the Sungai Mas and Kawai-XVI district areas. A Re-Assessment Coal Potential study finalized which provide an updated deposit resource estimate. The study has highlighted the particular activities, required for planning purposes, to develop the Pre-development program and budget, and to optimize both the mine and process design. Simultaneously, near reserves and further detail exploration, to providing significant potential scale up the project that will improve the positive findings from the Study. Typical coal quality could be described as follows; Project CV(GAR) Ash(%) TS(%) SungaiMas 5,700 - 6,000 3 – 6 1.2 –2.3 Kawai-XVI 3,400 - 3,500 5 – 16 0.2 –0.4 Estimated latest examination on total measured, indicated and inferred of coal resources and reserves are; Sungai Mas Project exceeds 1.9 million MT, while within the Kawai-XVI Project about 7.8 million MT. The quantity will suffice to support an initial mine life of 8 to 10years. Averages combine both projects steady annual ROM coal production is initially planned at 1.0 to 1.2 million MT. A ramp-up for higher output can be achieved starting month 12th. Both mines have advantageous geographic locality, currently connected by road network to available sea-port and various local market

Projected ROM Coal purchase prices

The ROM Coal purchase prices would be based on the ICI marker on the day of purchase and could be converted to Indonesian Rupiah, or still use US Dollar, depend on parties reciprocal agreement. ROM coal cost and market prices at the mine sites stockyards;

Mines ROM Cost Price/MT ROM Market Price/MT

- Kawai-XVI IDR 138,000 (SR=3) IDR 296,400 - Sungai Mas IDR 365,500 (SR=10) IDR 800,480



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Further Exploration Coal Potential The Exploration Study and Report are based on a conservative estimate. There is tremendous potential for higher Deposit Reserves and Resources within and surrounding Sungai Mas and Kawai-XVI concession areas. Further explorations will certainly increase the scale and/or life of the planned operation. PT. Surya Makmur Indonesia - SMI

SMI is an IUP-OP holder No. IUP-OP 545/ DPMPTSP / 2564 /1UP-OP./2017 with the validity of 15 Years, and can be extended/renewed twice. The concession area is 1,600 Ha with a proven/mineable coal of at least 1,900,000 MT. The Mine is in the production process in which the infrastructure such as hauling roads and stockpiles are being constructed. It will start with an open pit that will eventually produce a monthly of 20,000 MT coal. Base on the current demand of Aceh market, it eventually extends to 3 pits or capacity of 60,000 MT per month. The SMI high CV makes the mining at stripping ratio of 12 still very attractive. The initial stripping ratio will slightly lower to improve the sales margin.

PT. Prima Bara Mahadana – PBM PBM’s KP-OP Keputusan Bupati Aceh Barat Nomor : 190 Tahun 2012 tanggal 15 Februari 2012 has been upgraded to IUP-OP KEPUTUSAN KEPALA DINAS PENANAMAN MODAL DAN PELAYANAN TERPADU SATU PINTUNOMOR : 545/ DPMPTSP/ 2102 /1UP-OP./2017 PBM has ticker seams of coal. Hence the stripping ratio at the initial stage will be at 2, and as the cash-flow becomes stronger increases to 3.5 to have a higher output per hectare.



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Attachment – B: License Documents 1. PT BARA MITRA MANDIRI 2. PT SURYA MAKMUR INDONESIA 3. PT PRIMA BARA MAHADANA

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PEMERTNTAHACEHI}INAS PENANAMAN MODAL I}AN PETAYANAN TIRPADU SATU PINTT]

Jalan Ahmad Yani No. 39 Bancla Acph (23122),'telp. (0651) 23170, Fax. (0651) 23171

PelayananPerizinan:JalanT.NyakAriefNo.2lgBandaAceh(23114)Telp. (0651) 7554075, Fax' (0651)7551333 -2l17l

Website : http://www.investasi.acehprov.go.id Email : investasi@acehprov'go'id

KEPUTUSAN KEPALA DINAS PENANAMAN MODALDAN PELAYANAN TERPADU SA'TI] PINTU

NOMOR | 5451 DPMPTSP I 2re1 ilAP-OP'12017

TENTANG

IZIN USAHA PERTAMBANGAN (IUP) OPERASI PRODUKSI PT. SURYA MAKMUR

INDONESIA ATAS PEMINDAHAN DARI KEPUTUSAN BUPATI ACEH BARAT

NOMOR 189 TAHUN 2012 TENTANG IZIN USAHA PERTAMBANGAN (IUP)

OPERASI PRODUKSI PT. BARA ADII[PRATAMA

KEPALA DINAS PENANAMAN MODAL DAN PEI,AYAIT{AN'TERPADU SATU PINTU'

Menimbang : a. Surat pT. Bara Adhipratama Nomor: 0047/BAM AlIXl2016. tanggal 22

September 2016 tentang Permohonan inlsnrbahan Nama (Afiliasi) dan Ralat

Batas IUP Operasi Produksi Batubara:

b. Strrat Kepaia Dinas Energi dan Sumber Diaya Mineral Aceh Nomor: 5401297,

tanggal 10 April 2017, tentang Pertimbangan Teknis a.n. PT Bara

AdhiPratama;c. Akta Notaris Kokoh Henry, S.H., Mkn., Nomor 13 Tanggal 20 September

2016 tentang Pernyataan Keputusan Para Pemegang Saham Secara Sirkuler

PT. SurYa Makmur Indonesia;d. bahrva dalam rangka melaksanakan penertiban administrasi Izin Lisaha

pertambangan, pemegang lebih dari satu Izin Usaha Pertambangan oleh badan

usaha yung tidut terbuka, perlu melakukan pemindahran kepemilikan Izin

Usaha Pertambangan ke badan usaha lain;

e. bahwa berdasarkan pertimbangan sebagairnana dimaksr-rd dalam huruf d dan

sesuai dengan ketentuan Pasal t huruf b Peraturan Menteri Energi dan Sumber

Daya Mineral Nomor 43 Tahun 2015 tentang Tata Cara Evaluasi Penerbitan

Izin Usaha Pertambangan Mineral dan Batubara, perlu diterbitkan Izin Usaha' Pertambangan Yang baru.

Mengingat : 1. Undang-Undang Nomor 24 Tahun 1956 tentang Pembentukan Daerah

Otonom Propinsi Atjeh dan Perubahan Peraturan Propinsi Sumatera Utara;

2. Undang-Undang Nomor 4l Tahun 1999 tentang Kehutanan sebagaimana telah

diubah:dengan Undang-Undang Nomor 19 Tahun 2004 tentang Penetapan

Peratnran Femerintah Pengganti Undang-LIndang' Nomor 1 Tahr.rn 20tJ4

tentang Perubahan Atas Undang-Undang Nomor 41 Tahun 1999 tentang

Kehutanan Menj adi Undang-Undang;3. Undang-Undang Nomor 33 Tahun 2004 tentang Perimbangan Keuangan

Antara Pemerintah Pttsat dan Pemefintahan Daerah;

4. Undang-Undang Nomor l1 Tahun 2.006 tentang Pemerirrtahan Aceh;

5. Undang-Undang Nomor 25 Tahun 2007 tentang Penanaman Modal;

6. Undang-Undang Nomor 26 Tahun 2007 tentang Penataan Ruang;

7. Undalg-Undang Nomor 40 Tahurr 2007 tentang Perseroan Terbatas;

8. undang /,,1

8. Llndang-I-ndang \omor ,1 Tahun 2009 tentang Penambangan Mineral dan

gatubara pemUaran Negara Republik Indonesia Tahun 2009 Nomor 4,

Tambahan Lembaran )iegara Republik Indonesia Nomor 49);

9- Undang-Undang Nomor 32 Tahun 2009 tentang Perlindungan dan

10.

11.

t2.

13.

14.

Pengelolaan Lingkungan HiduP;

UndLg-Und*g No*or 2 Tahun 2012 tentang Pengadaan Tanah untuk

Pembangunan Kepentingan Umum ;

Undanglgndang -Nomol n Tahun 2014 tentang Pemerintahan Daerah

(Lembaran Negara Republik Indonesia Tahun 2014 Nomor 244, Tambahan

iembaran Negara Republik Indonesia Nomor 5587) sebagaimana telah

beberapa kali diubah, terakhir dengan Undang- Undang Nomor 9 Tahun 2015

tentan[ Perubahan Kedua atas Undang-Undang Nomor 23 Tahun 2014

tentan[ pemerintahan Daerah (Lembaran Negara Republik Indonesia Tahun

2015 Nomor 58, Tambahan Lembaran Negara Republik Indonesia Nomor

567e);Peraturan Pemerintah Nomor 27 Tahun 1999 tentang Analisis Mengenai

Dampak Lingkungan;Peraturan Pernerintah Nomor 22 Tahun 2010 tentang wilayah Pertambangan

(Lembaran Negara Republik Indonesia Tahun 2010 Nomor 28, Tambahan

Lembaran Negara Republik Indonesia Nomor 51 10);peraturan Pemerintah Nomor 23 Tahun 2010 tentang P,:laksanaan Kegiatan

Usaha Pertambangan Mineral dan Batubara (Lembaran Negara Republik

Indonesia Tahun 20i0 Nomor 29, Tambahan Lembaran Negara Republik

Indonesia Nomor 5111) sebagaimana telah beberapa kali diubah, terakhir

dengan Peraturan Pemerintah Nomor 1 Tahun 201',t tentang Perubahan

Keernpat atas Peraturan Pemerintah Nomor 23 Tahun 2010 tentangpelaksanaan Kegiatan Usaha Pertambangan Mineral dan Batubara (Lembaran

Negara Republik Indonesia Tahun 2017 Nomor 4, Tambahan Lembaran

Negara Republik IndonesiaNomor 6012);

15. Peraturan Pemerintah Nomor 24 Tahun 2010 tentang Penggunaan Kawasan

Hutan sebagaimana telah diubah dengan Peraturan Pemerintah Nomor 61

Tahun 2Ol2 tentang Perubahan Atas Peraturan Pemerintah Nomor 24 Tahun

2010 tentang Penggunaan Kawasan Hutan;

16. Peraturan Pemerintah Nomor 55 Tahun 2010 tentang Pembinaan dan

Pengawasan Penyelenggaraan Pengelolaan Usaha Pertambangan dan Mineral

dan Batubara;17. Peraturan Pemerintah Nomor 78 Tahun 2010

Tambang;

tentang Reklamasi dan Pasca

18. Peraturan Pemerintah Nomor 9 Tahun 2012 tentangPenerimaan Negara Bukan Pajak yang Berlaku pada

Sumber Daya Mineral;19. Peraturan Menteri Lingkungan Hidup Nomor 5 Tahun 2012 tentang Jenis

Usaha dan/atau Kegiatan yang Wajib AMDAL:20. Peraturan Menteri Energi dan Sumber Daya Mineral Nomor 43 Tahun 2015

tentang Tata Cara Evaluasi Penerbitan lzin Usaha Pertambangan Mineral dan

Batubara;Peraturan Menteri Energi dan Sumber Daya Mineral Nomor 34 Tahun 2017

tentang Perizinan Di Bidang Perlambangan Mineral dan Ilatubara;

Keputusan Menteri Energi dan Sumber Daya Mineral Nomor 1453 W29/MEM/2000 tentang Pedoman Teknis Penyelenggaraan Tugas Pemerintahan

di Bidang Perlambangan Umun-r;

23. Keputusan Menteri Energi dan . Sumber Daya Mineral Nomor 1095

K/3g/MEM 12014 tentang Penetapan Wilayah Pertambangan Pulau Sumatera;

Jenis dan Tarif atas JenisKernenterian Energi dan

2t.

22.

24. Keprltu ,un .7/.,r.

?

24.

25.

Keputusan Menteri Lingkungan Hidup dan Kehuta"T- Nomor SK. 103/

MenLHK-IIl}OlS tentang Perubahan Atas Keputusan Menteri Kehutanan

Nomor sK. 865/MENHUT-lll20l4 tanggal 29 September 2014 tentang

Kawasan Hutan dan Konservasi Perairan Provinsi Aceh;

Qanun Aceh Nomor 15 Tahun 2013 tentang Pengelolaan Pertambangan

Menetapkan

KESATU

Mineral dan Batubara;26. Qanun Aceh Nomor 13 Tahun 2016 tentang Pembentukan dan Susunan

Perangkat Aceh;27 . peratrtran Gubernur Aceh Nomor 32 Tahun 2017 tanggal 9 Juni 2017 tentang

Penyelengg araan Pelayanan Perizinan dan Non Perizinan Pada Dinas

Penanaman Modal dan Pelayanan Terpadu Satu Pintu Aceh;

MEMUTUSKAN:

KEPUTUSAN KEPALA DINAS PENANAMAN MODAL DAN

PELAYANAN TERPADU SATU PINTU TENTANG IZIN USAHA

PERTAMBANGAN (IUP) OPERASI PRODUKSI PT. SURYA MAKMUR

INDONESIA ATAS PEMINDAHAN DARI KEPUTUSAN BUPATI

ACEH BARAT NOMOR 189 TAHLIN 2012 TENTANG IZIN USAHA

PERTAMBANGAN (IUP) OPERASI PRODUT:SI PT. BARA

ADHIPRATAMA

Memberikan Izin Usaha Perlambangan Operasi Produksi untuk jangka

waktu 15 (lima belas) tahun terhitung sejak tanggal ditetapkan kepada:

Nama Perusahaan : PT. Surya Makmur Indonesia

Nama Direksi/ Komisaris : Alexander F.H. Roemokoy

Pemegang Saham Perusahaan dengan mencantumkan :

NilaiFersentase Saham : Rp. 1.000.000.000,- (Satu MilyarRupiah).1. PT. Bara Adhipratama (750 Saham)

2, Gautama Hartato (250 Saham)

Perdagangan UmumJl. Taman Kemang No.32-A. Gedung IntiSetra Lt. 3 Jakarta 12730 Telp (021)

71792t21, 7181288, 71792140, Fax :

(02t) 718012e;Indonesia

IndonesiaJl. Taman Kemang No.32-A. Gedung IntiSetra Lt. 3 Jakarta 12730 Telp (021)

71792121, 7181288, 71792140, Fax :

(02r) 7180t29;BatubaraKabupaten Aceh BaratLancongSungai MasAceh BaratAcehKW 011NOP0021.600 Ha.

koordinat WIUP sebagaimana tercantum dalam

II Keputusan ini.

Nama Pemegang Saham

Pekerj aan Pemegang Saham

Alamat

Kewar gane garuan P eme gang

SahamAsal PerusahaanAIamat

KomoditasLokasi PenambanganDesaKecamatanKabupatenProvinsiKode WilayahLuas

Dengan Peta dan daftarLampiran I dan Lampiran

KEDUA /,0

KEDUA

KETIGA

KEE,MPAT

KELIMA

KEENAM

KETUJUH

KEDELAPAN

KESEMBILAN

Pemegang Izin Usaha Pertambangan (IUP) Operasi Produksi mempunyai

hak u"trf. melakukan kegiatan Konstruksi, Produksi, Pengolahan,

Pemurnian, Pengangkutan dan penjualan dalam WIUP untuk jangka waktu

15 (lima belas) iatrun. Terhitung mulai tanggal ditetapkannya Keputusan ini

sampai dengan tanggal 09 Oktober 2032;

IUP Operasi Produksi ini dilarang dipindahtangankan kepada pihak lain

tanpa pirsetujuan Kepala Dinas Penanaman Modal Dan Pelayanan Terpadu

Satu Pintu.

pT. Surya Makmur Indonesia pemegang IUP Operas.i_ Produksi dalam

melaksanakan kegiatannya mempunyai hak dan Kewajiban sebagaimana

tercantum dalam lampiran III Keputusan ini'

Selambat-lambatnya 60 (enam puluh) hari kerja setelah diterbitkannya

Keputusan ini sudah harus menyampaikan Rencana Kerja dan Anggaran

Biaya (RKAB) kepada Kepala Dinas Penanaman Modal Dan Pelayanan

Terpadu Satu Pintu cq. Kepala Dinas Energi dan Sumber Daya Mineral

Aceh untuk mendapat Persetujuan'

Terhitung sejak 90 (sembilan puluh) hari kerja persetujuan rencana kerja dan

anggaran biaya sebagaimana dimaksud dalam Diktum Kelima pemegang

IUP Operasi Produksi sudah harus memulai aktifitas dilapangan.

Tanpa mengurangi ketentuan peraturan perundang-undangan maka IUP

Operasi Produksi ini dapat diberhentikan sementara, dicabut, atau

dibatalkan, apabila pemegang IUP Operasi Produksi tidak memenuhi

kewajiban dan larangan sebagaimana dalam Diktum Ketiga, Keempat,

Kelima dan Keenam dalam Keputusan ini.

Dengan dikeluarkann)'a Surat Keputusan ini, maka Surat Keputusan Bupati

Aceh Barat Nomor 189 Tahun 2012 tanggal 15 Februai 2012 tentang IzinUsaha Pertambangan (IUP) Operasi Produksi PT. Bara Adhipratamadinyatakan tidak berlaku lagi.

Keputusan ini berlaku sejak tanggal ditetapkan, dengan ketentuan apabila

dikemudian hari terdapat kekeliruan dalam penetaparl ini akan diadakanperbaikan sebagaimana mestinya.

Ditetapkan di Banda AcehPadatanggal 2o Oktober20l7

Salinan dari Keputusan ini disamoaikan kepada :

L Menteri Dalam Negeri di Jakarta;2. Menteri Energi dan Sumber Daya Mineral di Jakarta;

3. Menteri Keuangan di Jakarta;4. Kepala Badan Koordinasi Petranaman Modal di Jakarta;

5. Direktur Jenderal Mineral dan Batubara Kementerian ESDI\{ di Jakarta;

ffi+t?3*?8^.ry

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Telp/Fax: +62 21 5801705

Attachment – C: Exploration Result in Brief 1. PT SURYA MAKMUR INDONESIA 2. PT PRIMA BARA MAHADANA



Telp/Fax: +62 21 5801705

SMI Area coal seams outcrop

PBM Area coal seams outcrop



Telp/Fax: +62 21 5801705

PT. Surya Makmur Indonesia f.k.a PT. Bara Adhipratama area boundary



Telp/Fax: +62 21 5801705

SMI Coal Outcrops Location



Telp/Fax: +62 21 5801705

SMI Exploration Drill-hole Location



Telp/Fax: +62 21 5801705

PBM Outcrops Location



Telp/Fax: +62 21 5801705

PBM Exploration Drill-holes Location



Telp/Fax: +62 21 5801705

Drill Hole Log – SMI Exploration Result



Telp/Fax: +62 21 5801705

Drill Hole Log – PBM Exploration Result