MAKALAH EKONOMI TEKNIK
STUDI KELAYAKAN PERTAMBANGAN NIKEL Disu Disusu sun n Oleh Oleh : Naufal Haryani Ah!a Ah!a "##$##%%#&
POLITEKNIK NEGERI 'AKARTA 'urusan Te(ni( Si)il Pr*+ra! S,ui Te(ni( K*ns,ru(si Geun+ -%#$
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KATA KATA PENGAN PENG ANTA TAR R
Pu.i syu(ur a,as rah!a, yan+ Allah S/T anu+erah(an (e)aa (i,a (eseha,an 0aan1 i!an an )i(iran ,er2urah(an (e)aa (i,a !elalui rah!a, 3Nya4 Paa (ese!) (ese!)a,a a,an n ini1 !a(ala !a(alah h isusun isusun en+an en+an ,u.uan ,u.uan un,u( un,u( !e!enu !e!enuhi hi ,u+as ,u+as re!eia re!eiall e(*n*!i ,e(ni(4
A(hirnya (a!i !enya!)ai(an ,eri!a (asih an )en+har+aan se0esar50esarnya (e)aa se!ua )iha( yan+ suah !enu(un+ )enyusunan !a(alah ini4 Selan.u,nya (a!i (a!i san+ san+a, a, !en+ !en+ha hara ra)( )(an an (ri, (ri,i( i( an sara saran n ar ari )e!0 )e!0aa2a sehi sehin+ n++a +a a(an a(an !enu!0uh(an !enu!0uh(an rasa syu(ur (a!i (e)aa rah!a, rah!a, Allah S/T an ala! hal )er0ai(an !a(alah ini (ee)annya4
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'a(ar,a1 #6 'anuari -%#7
DAFTAR ISI
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BAB I PENDAHULUAN
I.1 Latar Belakang
Usaha Per,a!0an+a Per,a!0an+an n e=asa e=asa ini se!a(in se!a(in 0er(e!0an+ 0er(e!0an+ )esa,1 )esa,1 (arena seirin+ en+a en+an n !eni !enin+( n+(a, a,nya nya (e0u, (e0u,uh uhan an !asya !asyara ra(a (a,, unia unia a(an a(an 0ara 0aran+ n+50 50ar aran an+ + yan+ yan+ !en+anun+ unsur 0ahan +alian4 In9es,asi i se(,*r )er,a!0an+an !e!)unyai resi(* 2u(u) ,in++i (arena aa (e,ia()as,ian (e0eraaan su!0eraya !ineral4 Beran+(a, ari !asalah ,erse0u, !a(a s,ui (elaya(an usaha ,a!0an+ )erlu ila(u(an un,u( !ene !ene(a (an n resi resi(* (* (e+a (e+a+a +ala lan4 n4 Pelu Peluan an+ + un,u un,u( ( !en+ !en+e! e!0a 0an+ n+(a (an n usah usahaa i0i i0ia an+ n+ )er,a!0an+an i In*nesia ini !asih ,er0u(a 2u(u) 2u(u ) luas (arena !asih 0anya( 0 anya( aerah5 aerah yan+ !en+anun+ 0ahan +alian yan+ 0elu! i !a(si!al(an4 Oleh (arena i,u1 ini ini !er !eru)a( u)a(an an )elu )eluan an+ + yan+ yan+ 2u(u 2u(u) ) !en.a en.an n.i(a .i(an n 0a+i 0a+i )ara )ara in9e in9es, s,*r *r un,u un,u( ( !en+in9es,asi(an ana !ere(a un,u( !enin+(a,(an se(,*r inus,ri )er,a!0an+an4
S,ui Kelaya(an Bisnis SKB> !eru)a(an (e+ia,an yan+ a)a, !en.a=a0 )er,anyaan5)er,anyaan ,erse0u, )aa se0uah )erusahaan yan+ 0er+era( ala! se2,*r )er,a!0an+an1 (arena SKB aalah sua,u (e+ia,an yan+ !e!)ela.ari se2ara !enala! ,en,an+ sua,u usaha a,au 0isnis yan+ a(an i.alan(an1 ala! ran+(a !enen,u(an laya( a,au ,ia( usaha ,erse0u, i.alan(an en+an !en+analisis 0er0a+ai !a2a! as)e(4 Na!un in9es,asi ,erse0u, .u+a harus !e!)erha,i(an (*nisi5(*nisi i0ian+ e(*n*! e(*n*!i1 i1 hu(u!1 hu(u!1 )*li,i(1 )*li,i(1 0uaya1 0uaya1 (ea!an (ea!anan1 an1 )erila )erila(u (u an )eru0ah )eru0ahan an lin+(un+ lin+(un+an an !asyara(a, (arena serin+ (ali ,er.ai (e,ia()as,ian yan+ a)a, !en+a(i0a,(an a)a yan+ suah iren2ana(an !en.ai ,ia( ,er2a)ai4
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I.2 Rumusan asala!
Peru!usan !asalah yan+ ian+(a, aalah 0a+ai!ana analisis s,ui (elaya(an in9es,a in9es,asi si usaha usaha )er,a! )er,a!0an 0an+an +an an (e!a!) (e!a!)uan uan in9es,a in9es,asiny sinyaa ala! ala! !e!0er !e!0eri(a i(an n (eun,un+an ,erhaa) .u!lah !*al yan+ i,ana!4 S,ui ini a(an !eni,i(0era,(an )aa )enen,uan laya(nya in9es,asi4
I." Tu#uan Pem$uatan akala!
#4 Da)a, !en+e,ahui As)e(5as)e( (elaya(an4 -4 Da)a, !en+e,ahui )en+e!0an+an an (e!a!)uan in9es,asi se0uah )erusahaan4 "4 Da)a, !en+e,ahui4 Me,*e Pay0a2( Peri* $4 Da)a, !en+e,ahui Me,*e ARR A9era+e A9era+e Ra,e *f Re,urn>
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BAB II TIN%AUAN PUSTAKA
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II.1 Stu&' Kela(akan Usa!a Pertam$angan
S,ui (elaya(an selain !eru)a(an salah sa,u (e=a.i0an n*r!a,if yan+ harus i)enuh i)enuhii an )rasya )rasyara, ra, un,u( un,u( !e!)er !e!)er*leh *leh IUP O)eras O)erasii Pr*u(s Pr*u(si4 i4 Sesun++ Sesun++uhny uhnyaa a)a0ila i)aha!i se2ara 0enar1 s,ui (elaya(an !eru)a(an *(u!en )en,in+ yan+ 0er+una 0a+i 0er0a+ai )iha(1 (hususnya 0a+i )ela(u usaha1 )e!erin,ah1 an in9es,*r a,au )er0an(an4
Hal lain yan+ harus i)aha!i aalah1 s,ui (elaya(an 0u(an hanya !en+(a.i se2ara se2ara ,e(nis1 ,e(nis1 a,au a,au !e!0ua !e!0ua,, )rei( )rei(si si )r*ye( )r*ye(si si e(*n*! e(*n*!is1 is1 .u+a !en+(a !en+(a.i .i as)e( as)e( n*n,e n*n,e(n (nis is lain lainnya nya11 se)er se)er,i ,i as)e( as)e( s*si s*sial1 al1 0ua 0uaya1 ya1 hu(u! hu(u!11 an an lin+( lin+(un+ un+an an44 S,u S,uii (elaya(an selain 0er+una ala! !en+a!0il (e)u,usan .ai a,au ,ia(nya ren2ana usah usahaa )ena )ena!0 !0an an+a +an n i,u i,u i.a i.ala lan( n(an an11 .u+a .u+a 0er+ 0er+un unaa )aa )aa saa, saa, (e+i (e+ia, a,an an i,u i,u .ai .ai ila(sana(an1 yai,u:
#4
D*(u!en s,ui (elaya(an 0erfun+si se0a+ai a2uan )ela(sanaan (e+ia,an1 0ai( a2uan (er.a i la)an+an1 !au)un a2uan 0a+i s,af !ana.e!en !ana.e!en i ala! (an,*r4
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Berf Berfun un+si +si se0a+ se0a+ai ai ala, ala, (*n,r (*n,r*l *l an )en+e )en+en nal alian ian 0er. 0er.al alan anny nyaa )e(er. )e(er.aa aan4 n4
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Se0a+ai lanasan e9aluasi (e+ia,an ala! !en+u(ur )res,asi )e(er.aan1 sehin++a a)a0ila i,e!u(an (enala ,e(nis a,au)un n*n,e(nis1 a)a, se+era i,an++ulan+i a,au i2ari(an .alan (eluarnya4
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Ba+i Ba+i )e!e )e!eri rin,a n,ah1 h1 *(u! *(u!en en s,ui s,ui (ela (elaya ya(a (an1 n1 !eru !eru)a )a(a (an n )e* )e*!a !an n ala! ala! !ela(u(an )en+a=asan1 0ai( yan+ !enyan+(u, (*n,r*l realisasi )r*u(si1 (*n,r*l (esela!a,an an (eseha,an (er.a1 (*n,r*l )en+enalian as)e( lin+(un+an1 an lain5 lain4
Aa)un as)e(5as)e( yan+ !en.ai (a.ian ala! s,ui (elaya(an )er,a!0an+an aalah:
1. As)ek ka#'an tekn's1 !eli)u,i:
Ka.ian hasil e(s)l*rasi1 0er(ai,an en+an as)e( +e*l*+i1 ,*)*+rafi1 su!ur u.i1 )ari,
u.i1
)e!0*ran1
(uali,as
ena)an1
an
.u!lah
2aan+anC
Hasil Hasil (a.ian (a.ian a,a5a a,a5a,a ,a e(s)l*r e(s)l*rasi asi ,erse0u ,erse0u,1 ,1 se0a+a se0a+aii a,a a,a ,e(nis ,e(nis ala! ala! !enen, !enen,u(a u(an n )ilihan sis,e! )ena!0an+an1 a)a(ah ,a!0an+ ,er0u(a1 ,a!0an+ 0a=ah ,anah1 a,au 2a!)ur 2a!)uran4 an4 Dala! Dala! )eren2 )eren2ana anaan an sis,e! sis,e! )ena!0 )ena!0an+ an+an an ila(u(a ila(u(an n .u+a (a.ian (a.ian as)e( as)e( ,e(nis lainnya1 !eli)u,i:
Ka.ian Ka.ian +e*,e(n +e*,e(ni( i( an hir*l*+ hir*l*+iC iC Ka.ian Ka.ian )e!ilih )e!ilihan an .enis .enis an (a)asi, (a)asi,as as sla, sla, )r*u(siC Pr*ye(si )r*u(si ,a!0an+ an u!ur ,a!0an+C 'a=al )ena!0an+an1 0er(ai,an en+an sis,e! shif, (er.aC Ta,a Ta,a le,a( sarana u,a!a an sarana )enun.an+C Penyeiaan infras,u(,ur,a!0an+1 !eli)u,i )e!0ua,an (an,*r1 )eru!ahan1 .alan1 an lain5lain1 Ka.ian )e!ilihan sis,e! )en+*lahan 0ahan +alian4
2. As)ek ka#'an n*ntekn's1 !eli)u,i:
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Ka.ian Ka.ian )era,u )era,uran ran )erun )erunan+5 an+5una unan+an n+an yan+ yan+ ,er(ai ,er(ai,, as)e( as)e( (e,ena (e,ena+a(e +a(er.a r.aan1 an1 a,uran K"1 sis,e! )er)a.a(an an re,ri0usi1 a,uran a!inis,rasi )ela)*ran (e+ia,an ,a!0an+1 an lain5lainC
Ka.ian as)e( s*sial 0uaya an aa, is,iaa, !asyara(a, se,e!)a,1 !eli)u,i (a.ian (a.ian as)e( as)e( hu(u! hu(u! aa, aa, yan+ yan+ 0erla( 0erla(u1 u1 )*la )erila )erila(u (u an (e0ias (e0iasaan aan !asyar !asyara(a a(a,, se,e!)a,4
". Ka#'an )asar &an Pemasaran
Dala Dala! ! !ela !ela(u( (u(an an (a.ia (a.ian n ,erh ,erha aa) a) as)e as)e( ( )asa )asarr an )e!a )e!asa sara ran n !enur !enuru, u, Su0a+y* Su0a+y* -%%&: -%%&: 76> )erlu )erlu iaa(a iaa(an n )eneli,i )eneli,ian an ,erha ,erhaa) a) 0e0era 0e0era)a )a hal yan+ yan+ )erlu )erlu i)erha i)erha,i(a ,i(an n yai,u yai,u Per!in Per!in,aa ,aan1 n1 Pena=a Pena=aran ran11 Pr*ye( Pr*ye(si si )er!in )er!in,aa ,aan n an )ena=a )ena=aran ran11 Pr*y Pr*ye( e(si si
)en. )en.ua uala lan1 n1
Pr* Pr*u( u(
0ar 0aran an+ +.a .asa sa>1 >1
Se+! Se+!en en,a ,asi si
)asa )asarr1
S,ra S,ra,e ,e+i +i
an an
i!)le!en,asi )e!asaran4
Ber(ai,an en+an su))ly an e!an1 a)a, ianalisis ari (ara(,eris,i( )asar1 )*,ensi1 an )esain+ )asar !elalui analisis ,erhaa) (e0u,uhan )asar an su))ly yan+ ,elah 0er.alan1 !au)un ari analisis su0s,i,usi )r*u(>4 Selain i,u hal yan+ )alin+ )en,in+ aalah (ara(,eris,i( an s,anarisasi )r*u( i )asaran4
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+. Ka#'an kela(akan ek*n*m's
Aalah Aalah )erhi, )erhi,un+a un+an n ,en,an+ ,en,an+ (elaya( (elaya(an an e(*n*! e(*n*!is1 is1 0eru)a 0eru)a es,i!a es,i!asi5e si5es,i! s,i!asi asi en+an !e!)er+una(an 0e0era)a !e,*e )ene(a,an4 Menuru, Kas!ir an 'a(far -%%?: ?>1 ala! as)e( (euan+an an e(*n*!i ,era)a, ena! (ri,eria yan+ 0iasa i+una(an un,u( !enen,u(an (elaya(an sua,u usaha a,au in9es,asi1 yai,u Pay0a2( )eri* PP>1 Ne, Presen, @alue @alue NP@>1 A9era+e A9era+e Ra,e *f Re,urn ARR>1 In,ernal Ra,e *f Re,urn IRR>1 Pr*fi0ili,y Ine PI>1 ser,a 0er0a+ai rasi* (euan+an se)er,i rasi* li(uii,as1 s*l9a0ili,as1 a(,i9i,as1 an )r*fi,a0ili,as4
,. Ka#'an Ka#'an kela( kela(aka akan n l'ngku l'ngkung ngan an1 0er0 0er0en en,u ,u( ( AMDAL MDAL an an UKL5 UKL5UP UPL4 L4
Ka.ian Ka.ian lin+(un lin+(un+an +an un,u( un,u( inus,ri inus,ri )er,a! )er,a!0an+ 0an+an an !eru)a !eru)a(an (an (e+ia,a (e+ia,an n yan+ yan+ =a.i0 =a.i0 AMDAL1 (arena 0ai( ari sisi in,ensi,as1 ruan+ lin+(u) (e+ia,an1 !au)un ari sisi *)erasi*nal an )en+*lahan 0ahan +alian !eru)a(an (e+ia,an5(e+ia,an yan+ a)a, !eni!0ul(an a!)a( serius ,erhaa) lin+(un+an4
Men2er Men2er!a, !a,ii uraian uraian i a,as1 a,as1 !e!0er !e!0eri(a i(an n +a!0ar +a!0aran an 0ah=a 0ah=a s,ui s,ui (elaya( (elaya(an an )er,a!0an+an !eru)a(an s,ui yan+ 2u(u) (*!)le(s1 *leh (arena i,u harus ila(u(an se2ara 2er!a, an in,e+ra,if ari se,ia) as)e( yan+ 0erhu0un+an lan+sun+ en+an (e+ia,an (e+ia,an )ena!0an+an )ena!0an+an44 Karena Karena (e+ia,an (e+ia,an )ena!0an+an )ena!0an+an aalah salah sa,u (e+ia,an (e+ia,an yan+ !e!)unyai sensi,i9i,as san+a, ,in++i1 ,eru,a!a yan+ 0er(ai,an 0er(ai,an en+an en+an !asalah !asalah e(*n*!i4 Berin9es,asi i se(,*r usaha )er,a!0an+an !eru)a(an in9es,asi yan+ )aa, !*al an san+a, 0eresi(*4 Oleh (arena i,u1 se0ai(nya ila(u(an (a.ian5(a.ian 0eru)a s,ui (elaya(an 0isnis SKB> yan+ !enala! ala! )en+a!0ilan (e)u,usan un,u( 0erin9es,asi ala! )en+e!0an+an usaha )er,a!0an+an4
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II.2
Pengert'an
Stu&'
Kela(akan
$'sn's
&alam
Usa!a
Pertam$angan
Menuru, U!ar -%%6: &> s,ui (elaya(an 0isnis !eru)a(an )eneli,ian ,erhaa) ren2ana ren2ana 0isnis yan+ ,ia( hanya !en+analisis !en+analisis laya( a,au ,ia( laya( 0isnis i0an+un1 ,e,a ,e,a)i )i .u+a .u+a )aa )aa saa, saa, i*)e i*)era rasi* si*na nal(a l(an n se2a se2ara ra ru,in ru,in ala ala! ! ran+ ran+(a (a )en2 )en2a)a a)aia ian n (eun,un+an yan+ !a(si!al un,u( =a(,u yan+ ,ia( i,en,u(an4
II." Pengert'an In-estas'
Se2ara u!u!1 in9es,asi aalah )enana!an !*al 0ai( !*al ,e,a) !au)un !*a !*all ,ia ,ia( ( ,e,a) ,e,a)>> yan+ yan+ i+un i+una( a(an an ala! ala! )r*se )r*sess )r* )r*u(s u(sii un,u( un,u( !e!) !e!)er er*le *leh h (eun,un+an sua,u )erusahaan4 Menuru, Hali! -%%6: $> in9es,asi )aa ha(i(a,nya !eru !eru)a )a(a (an n )ene )ene!) !)a, a,an an se.u se.u!l !lah ah ana ana )aa )aa saa, saa, ini ini en+ en+an an hara hara)a )an n un,u un,u( ( !e!)er*leh (eun,un+an i !asa !ena,an+4
II.+ Pengert'an Al'ran Kas /as! Fl*0 8
Se,ia) usulan )en+eluaran !*al selalu !en+anun+ ua !a2a! aliran (as yai,u yai,u alir aliran an (as (as (elu (eluar ar ne,,* ne,,* ne, ne, *u,f *u,fl*= l*= *f 2ash> 2ash> yai,u yai,u yan+ yan+ i)er i)erlu( lu(an an un,u( un,u( in9es,asi 0aru an aliran (as !asu( ne,,* ,ahunan ne, annual infl*= *f 2ash> yai,u se0a+ai hasil ari in9es,asi 0aru ,erse0u,1 serin+ )ula ise0u, ne, 2ash )r*22esF a,au )r*22esF4
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BAB III ETDE PEN3ELESAIAN
III.1 et*&e Anal's's Anal's's
O0.e( analisis !eni,i(0era,(an )aa se0uah s,ui li,era,ur ,en,an+ (elaya(an in9es,asi ala! unia )er,a!0an+an ni(el i in*nesia i ,in.au ari as)e(5as)e( yan+ 0erhu0un+an en+an se+i e(*n*!isnya4
III.2 et*&e Anal's's Data
10
#4 Analisis As)e(5as)e( Dala! S,ui Kelaya(an
a4 As)e( Pasar an Pe!asaran1 !e!0ahas !en+enai se+!en,asi an ,ar+e, )asar1 .u!lah )er!in,aan an )ena=aran ,erhaa) )r*u(1 (uali,as an s)esifi(asi )r*u(1 !e,*e )ene,a)an har+a1 an )r*!*si4
04 As)e( Te(nis Te(nis Pr*u(si an Te(n*l*+is1 Te(n*l*+is1 !e!0ahas !en+enai es(ri)si )r*u(1 )enen,uan l*(asi1 an lay *u, fasili,as4
24 As)e( Mana.e!en an Su!0er Daya Manusia1 !e!0ahas !en+enai s,ru(,ur *r+a *r+anis nisas asi1 i1 .*0 .*0 es2 es2ri ri),i ),i*n *n11 sis,e sis,e! ! (*!) (*!)en ensa sasi1 si1 )r*+ )r*+ra ra! ! )en+e )en+e!0 !0an an+a +an n (arya=an1 ser,a Sis,e! Inf*r!asi Mana.e!en SIM>4
4 As)e( Hu(u! an Le+ali,as !e!0ahas )eriinan ala! !en.alan(an usaha )er,a!0an+an ni(el4
e4 As)e( Keuan+an an E(*n*!i1 !e!0ahas !en+enai )enyusunan !*al (er.a an !*al in9es,asi4
BAB I4 PEBAHASAN
11
I4. I4.1 As)ek5as)ek Kela(akan
1. Anal's's As)ek Pasar &an Pemasaran
Se+! e+!en
an
,ar ,ar+e,
)asa )asarr
yan+ yan+
i,u i,u.u .u
*le *leh
Peru Perusa saha haan an5P 5Per erus usah ahaa aan n
)er,a!0an+an ni(el In*nesia 0e0era)a Ne+ara !a.u yan+ inus,ri5inus,rinya !e!0u,u !e!0u,uh(a h(an n 0ahan 0ahan 0a(u 0a(u ni(el ni(el !a,,e !a,,e yan+ yan+ ,in++i ,in++i i ne+ara ne+ara5ne 5ne+ar +araa Asia Asia se)er, se)er,ii ;hina1 'e)an+ an Inia4 Be0era)a )erusahaan .u+a lan+sun+ !e!asar(an *re yan+ !en+a !en+an nun+ un+ ni(el ni(el en+ en+an an 2ara 2ara i es()*r es()*r (elu (eluar ar ne+e ne+eri ri ,an)a ,an)a !ela !elalui lui )r*se )r*sess )en+*lahan4 Perusahaan5Perusahaan )er,a!0an+an ni(el (e0anya(an 0eraa i (a=asan In*nesia ,i!ur se)er,i PT @ale In2*1 ,0( i s*r*a(* PT An,a! P*!alaa i (*la(a an )uluhan )erusahaan5)erusahaan (e2il4
Un,u( (uali,as )r*u( yan+ i.ual ,er+an,un+ )er!in,aan )er!in,aan ari )elan++an4 )elan++an4 Dan un,u( un,u( )ene,a) )ene,a)an an har+a har+a .ual .ual Perusah Perusahaan aan5Pe 5Perus rusaha ahaan an )er,a! )er,a!0an+ 0an+an an !e!)er !e!)er*le *leh h (eun,un (eun,un+an +an ra,a5r ra,a5ra,a a,a se0esa se0esarr "% ari ari har+a har+a 0eli 0eli na!un na!un ,er+an ,er+an,un ,un+ + ari ari (*nisi (*nisi la)a la)an+ n+an an44 Na!u Na!un n (eun (eun,un ,un+a +an n i,u i,u ,ia( ,ia( !ene !ene,a ,a) ) seir seirin+ in+ en+ en+an an )er( )er(e! e!0a 0an+ n+an an ,e(n ,e(n*l *l*+ *+ii yan+ yan+ i+u i+una na(a (an n ala ala! ! !e!) !e!)r* r*u u(s (sii ni(e ni(el4 l4 Se0a Se0a+a +aii Mela Melalu luii PT In,erna,i*nal Ni2(el In*nesia T0( IN;O>1 )erusahaan )en+hasil ,ere)an ala! ne+eri yan+ i!ana un,u( ,ahun ini !en,ar+e,(an )r*u(si ni(el !en.ai #-% ri0u !e,ri2 ,*n )er ,ahun1 a,au le0ih 0esar i0anin+(an ,ahun lalu yan+ se0esar ?" ri0u !e,ri2 ,*n4 Ke+unaan ni(el an,ara lain Un,u( !ela)isi 0aran+ yan+ ,er0ua, ari 0esi1 ,e!0a+a1 0a.a (arena ni(el !e!)unyai sifa, (eras1 ,ahan (*r*si an !uah !en+(ila) .i(a i+*s*(4 i+una(an un,u( !e!0ua, 0a.a ,ahan (ara, s,ailess s,ell> Un,u( !e!0ua, aliase en+an ,e!0a+a an 0e0era)a l*+a! lain se)er,i M*nel Ni1 ;u1 4 Di+una(an un,u( !e!0ua, ins,ru!en ,ran!isi lis,ri( Ni(r*!Ni14 Di+una(an 12
se0a+ai (a=a, )e!anas Alni(* Al1 Ni1 fe1 ;*> Un,u( !e!0ua, !a+ne,4 Palini, an In9ar yai,u )auan ni(el yan+ !e!)unyai (*efisien !uai yan+ sa!a en+an +elas yan+ i+una(an se0a+ai (a=a, lis,ri( yan+ i,ana! ala! (a2a1 !isalnya )aa 0*la! la!)u )i.ar4 Ser0u( ni(el i+una(an se0a+ai (a,alisa,*r1 !isalnya )aa hir*+enansi )e!aa,an> !inya( (ela)a1 .u+a )aa 2ra2(in+ !inya( 0u!i4Un,u( i,u1 0erasar(an analisis )asar an )e!asaran !a(a usaha )er,a!0an+an ni(el laya( se0a+ai ,e!)a, 0erin9es,asi4
2. As)ek Tekn's Tekn's Pr*&uks' Pr*&u ks' &an Te Tekn*l*g's kn*l*g's
Dala! !e!)r*u(si ni(el1 ra,a5ra,a )erusahaan )er,a!0an+an ni(el In*nesia !ener !enera) a)(a (an n sys,e sys,e! ! ,a!0a ,a!0an+ n+ ,er0u( ,er0u(a1 a1 0ai( 0ai( *)en *)en )i,1 )i,1 *)en *)en 2as, 2as,44 Dala Dala! ! )r*s )r*ses es )ena!0an+an ni(el yan+ ila(u(an en+an 2ara !en+u)as ,anah )enu,u) en+an en+an ala, 0era, 0eru)a 0ull*er a,au S2ra)er1 (e!uian i+ali en+an sys,e! ,an++a Ben2hin+ sys,e!> i!ulai ari 0a=ah (ea,as en+an !en++una(an ala, 0era, yan+ u!u!nya 0eru)a )*=er sh*9el1 a,au =heel l*aer4 Pena!0an+an 0aru ila(u(an se,elah ,anah )enu,u) ,er(u)as an *re a)a, i 0*n+(ar1 0ai( en+an !en++una(an rillin+ an 0las,in+ !au)un hanya !en++una(an ala, 0era, ,er+an,un+ 0a,uan inu( ni(el ,erse0u,4 ,erse0u,4 Pe!ua,an ila(u(an se,elah *re ,erle)as ,erle)as ari 0a,uan inu(nya lalu ian+(u, (e s,*2(fil4 Pr*ses se,elah i s,*2(file aalah )r*ses )e!isahan ni(el ari !ineral5 !ine !inera rall )en+* )en+*,* ,*rr yan+ yan+ ise0 ise0u, u, !ine !inera rall )r*2 )r*2es essin sin+ + yan+ yan+ ,er ,erir irii a,as a,as s2re s2reeni enin+ n+11 (*nsen,ar,i*n an !e,alur+i4
Kuali,as ni(el yan+ ihasil(an 0er0ea50ea ,er+an,un+ )er!in,aan (*nsu!en4 Perusah Perusahaan aan5)e 5)erus rusaha ahaan an (e2il (e2il !ena!0 !ena!0an+ an+ *re ni(el ni(el ,an)a ,an)a !ela(u !ela(u(an (an )r*2essi )r*2essin+ n+ sean+(an )erusahaan )en+hasil ni(el ,er0esar se)er,i PT @ale In2*1 PT An,a! PT NHM !ela(u(an )r2s*ssin+ an !en+hasil(an )r*u( 0eru)a ferr*ni(el an ni(el 13
!a,,e4 !a,,e4 Pr*u( Pr*u(si si an (uali, (uali,as as ni(el ni(el ,ia) ,ia) ,ahun ,ahun a)a, a)a, 0er(e! 0er(e!0an 0an+ + se.ala se.alan n en+an en+an )er(e!0an+an ,e(n*l*+i4 Bersar(an analisis ,e(nis )r*u(si an ,e(n*l*+i !a(a usaha )er,a!0an+an ni(el laya( se0a+ai ,e!)a, 0erin9es,asi4
". As)ek ana#emen &an Sum$er Da(a anus'a
Perusahaan5Perusahaan )er,a!0an+an ni(el (e0anya(an !e!ili(i ren2ana a,au )lannin+ !ana.e!en yan+ ,elah i)ersia)(an an i)erhi,un+(an ari in9es,asi yan+ ,elah ,elah ian++a ian++ar(a r(an n )erusa )erusahaa haan n se)er, se)er,ii )ene,a )ene,a)an )an ,ar+e, ,ar+e, )en.ual )en.ualan an se,ia) se,ia) ,ahunn ,ahunnya4 ya4 Dala! Dala! *r+ani *r+anisas sasi1 i1 ra,a5r ra,a5ra,a a,a )erusa )erusahaa haan n ini !en+an !en+anu, u, s,ru(,u s,ru(,urr *r+ani *r+anisasi sasi 9er,i(a 9er,i(all seerhana yan+ )erin,ah (er.anya 0erasal ari ,in+(a,an s,ru(,ur )alin+ a,as Dire(,ur U,a! U,a!a> a> an an i,e i,eru rus(a s(an n (e s,ru(, s,ru(,ur ur i0a= i0a=ah ahny nyaa Man Mana. a.er er )en. )en.ual ualan an an an 0a+ia 0a+ian n a!inis a!inis,ra ,rasi>1 si>1 ser,a ser,a )enu+as )enu+asan an an ,u+as ,u+as (arya=a (arya=annya nnya ia,ur ia,ur se0a+a se0a+ai!a i!ana na ala! ala! as)e( su!0er aya !anusia4
Perusah Perusahaan aan5Pe 5Perus rusaha ahaan an )er,a! )er,a!0an 0an+an +an ni(el ni(el .u+a !ela(u !ela(u(an (an )en+ara )en+arahan han Dire2,in+> an )en+a=asan ;*n,r*lin+> un,u( !en+a=asi ser,a !en+analisa (iner.a (arya=an4 'i(a ,er.ai )enurunan1 !a(a a(an ila(u(an )e!0inaan (e!0ali ser,a i2ari i2ari )enye0 )enye0a0 a0 an s*lusiny s*lusinya4 a4 Perusa Perusahaa haan5P n5Peru erusah sahaan aan )er,a! )er,a!0an+ 0an+an an .u+a .u+a ,elah ,elah !en++una(an sis,e! inf*r!asi !ana.e!en SIM> yan+ seerhana +una !enyi!)an inf*r!asi5inf*r!asi yan+ i0u,uh(an *leh !ana.er4 Un,u( i,u1 0erasar(an analisis !ana.e!en an su!0er aya !anusia laya( un,u( ila(sana(an4
+. As)ek Hukum &an Legal'tas
14
Peru Perusah sahaa aan5 n5Pe Peru rusa saha haan an
)er, )er,a! a!0a 0an+a n+an n
!eru !eru)a )a(a (an n
sua, sua,u u
0en,u 0en,u( (
usah usahaa
)erser*an ,er0a,as yan+ ,en,unya ,elah !e!ili(i sura,5sura, iin yan+ len+(a) an 9ali 9ali un,u( un,u( !enir !eniri(a i(an n )erusa )erusahaa haan n ini1 ini1 se)er, se)er,ii A(,a A(,a Penir Penirian ian PT1 PT1 Tana ana Daf,ar Daf,ar Perusahaan1 Sura, Ke,eran+an D*!isili Perusahaan1 Sura, Iin Usaha Per,a0an+an1 Sura, /a.i0 Pa.a(4
,. Ek*n*m'
Dala! analisis as)e( e(*n*!i )erusahaan yan+ 0er+era( ala! )er,a!0an+an ni(el ianalisis en+an 6 !e,*e analisis in9es,asi 0eri(u, a4 Me,*e PP Pay0a2( Peri*>
Me,*e Me,*e Pay0a2 Pay0a2( ( Peri* Peri* PP> PP> !eru)a !eru)a(an (an ,e(ni( ,e(ni( )enilai )enilaian an ,erhaa ,erhaa) ) .an+(a .an+(a =a(,u )eri*e> )en+e!0alian in9es,asi sua,u )r*ye( a,au usaha4 Pay0 Pay0a2 a2( (
Peri Peri* * 'u 'u!l !lah ah In9e In9es, s,as asii
#-
Bula Bulan> n> Al Alir iran an Kas Kas
Bers Bersih ih>>
Kri,eria )enilaian )aa )ay0a2( )eri* aalah : 'i(a 'i(a Pay0a Pay0a2( 2( )eri )eri* *nya nya =a(, =a(,u u !a(s !a(si! i!u! u!11 !a(a !a(a usul usulan an )r*y )r*ye( e( ,erse ,erse0u, 0u, i,*la(4
04 Me,*e ARR ARR A9era+e A9era+e Ra,e *f Re,urn> Meru)a(an 2ara un,u( !en+u(ur ra,a5ra,a )en+e!0alian 0un+a en+an 2ara !e!0anin+(an !e!0anin+(an an,ara ra,a5ra,a ra,a5ra,a la0a se0elu! )a.a( EAT EAT en+an ra,a5ra,a ra,a5ra,a in9es,asi4 in9es,asi4
15
ARR ARRr ra,a a,a5r 5ra, a,aa
EAT EAT
A9 A9era+ era+in+ in+
af,e af,err
Ta>> >>r ra, a,a5 a5ra ra,a ,a
In9e In9es,a s,asi si
A9 A9era+ era+in+ in+
in9es,!en,>> #%% Ra,a5ra,a EATT*,al EAT>U!ur e(*n*!i n>> Ra,a5ra,a In9es,asiIn9es,asiu!ur e(*n*!i n>>
24 Me,*e NP@ Ne, Presen, @alue> @alue> Meru)a(an !e,*e analisis (euan+an yan+ !e!)erha,i(an aanya )eru0ahan nilai uan+ (arena fa(,*r =a(,uC )r*ye(si arus (as a)a, a)a, inilai inilai se(ara se(aran+ n+ )eri* )eri*e e a=al a=al in9es,a in9es,asi> si> !elalu !elaluii )e!*,*n )e!*,*n+an +an nilai nilai en+an en+an fa(, fa(,*r *r )en+ )en+ur uran an+ + NP@
T*,al T*,al
yan+ yan+ i(a i(ai, i,(a (an n P@
Aliran
en+ en+an an 0iay 0iayaa !*a !*all Kas
Bersih
3
)er )erse sen, n,as asee
T*,al T*,al
P@
0un+ 0un+a> a>44 In9es,asi
Kri,eria )enilaian NP@ aalah : 'i(a NP@ J %1 !a(a in9es,asi i,eri!a4 'i(a NP@ ari su(u 0un+a yan+ ,elah i,e,a)(an1 !a(a in9es,asi i,eri!a4 04 'i(a IRR a,au #1%%1 se0ali(nya 04 Dinilai ,ia( laya( .i(a PI #1%%
Dari analisis in9es,asi yan+ ila(u(an i se,ia) )erusahaan )er,a!0an+an i )er*leh 0ah=a in9es,asi laya( se0a+ai ,e!)a, in9es,asi4
BAB 4 PENUTUP
16
4.1 Kes'm)ulan
Berasar(an hasil )e!0ahasan yan+ ,elah i)er*leh1 !a(a isi!)ul(an 0ah=a:
#4 Dari (eseluruhan as)e( yan+ i,eli,i1 yai,u as)e( )asar an )e!asaran1 as)e( ,e(nis )r*u(si an ,e(n*l*+is1 as)e( !ana.e!en an su!0er aya !anusia1 as)e( hu(u! an le+ali,as1 ser,a as)e( (euan+an an e(*n*!i !enun.u((an 0ah=a ra,a5ra,a )erusahaan )er,a!0an+an ni(el in*nesia )aa saa, ini laya( se0a+ai ,e!)a, 0erin9es,asi4 -4 Pen+ Pen+e! e!0a 0an+ n+an an an an (e!a (e!a!) !)ua uan n in9es, in9es,as asii se0u se0uah ah )eru )erusa saha haan an ala ala! ! !e!0 !e!0er eri( i(an an (eun, (eun,un+ un+an an ,erh ,erha aa) a) .u!l .u!lah ah !*a !*all yan+ yan+ i,an i,ana! a! laya laya( ( an an a)a a)a,, i,eri!a1 i(a.i en+an 6 !e,*e (elaya(an in9es,asi en+an hasil se0a+ai 0eri(u,: a4 Me,* Me,*e e Pay0a Pay0a2( 2( Peri Peri* * !enun !enun.u( .u((a (an n 0ah=a 0ah=a =a(, =a(,u u yan+ yan+ i)e i)erl rlu(a u(an n un,u( un,u( !enu,u) in9es,asi 04 Me,*e ARR A9era+e A9era+e Ra,e *f Re,urn> !enun.u((an ,in+(a, (eun,un+an ra,a5ra,a yan+ 24 Me,*e NP@ Ne, Presen, @alue> @alue> 4 Me,*e IRR In,ernal Ra,e *f Re,urn> e4 Me,*e PI Pr*fi,a0ili,as Ine(s>
4.2 Saran
17
Berasar(an s,ui li,era,ur !en+enai analisa (elaya(an in9es,asi yan+ ,elah ila ila(s (san ana( a(an an11
a)a a)a,,
ire ire(* (*! !ena enasi si( (an
)aa )aa
)ara )ara
)ela )ela(u (u
in9e in9es, s,as asii
0ah= 0ah=aa
)er,a!0an+an ni(el laya( an a)a, i,eri!a se0a+ai ,e!)a, 0erin9es,asi4 Dan se0ai(nya se0ai(nya )erusahaan )erusahaan !ela(sana(a !ela(sana(an n )en+e!0an+a )en+e!0an+an n usaha ,erse0u, sesuai sesuai en+an ren2ana ren2ana yan+ ,elah i0ua,4 Selain i,u )enulis .u+a !enyaran(an !enyaran(an (e)aa (e)aa se,ia) )ela(u )er,a!0an+an a+ar selalu !e!)erha,i(an (*nisi lin+(un+a
18
DAFTAR PUSTAKA
A0ul Hali!4 -%%64 Analisis In9es,asi4 Sale!0a E!)a,1 'a(ar,a4 Ah!a Su0a+y*4 -%%&4 S,ui Kelaya(an Te*ri an A)li(asi4 A)li(asi4 PT Ele Meia K*!)u,in*1 'a(ar,a4 Bru2e '4 Sherri2(1 Paul N4 Ellin+er an Da9i A4 Lins -%%%> Ti!e @a @alue *f M*ney an In9es,!en, Analysis1FE)lana,i*ns an s)reashee, a))li2a,i*n a+ri2ul,ural an 19
a+ri0isnis fir!s: @*l4 #4-1 )a+e -&5"" In,erna,i*nal '*urnal> E!ily '4 Blan2har -%%?> -%% ?> <*rei+n Dire2, In9es,!en,1 En*+en*us Tariffs1 Tariffs1 an Preferen,ial Trae A+ree!en,s1F A+ree!en,s1F The B4E4 '*urnal *f E2*n*!i2 Analysis P*li2y: @*l4 ?: Iss4 # A9an2es>1 A9an 2es>1 Ar,i2le4 )a+e ?5#6 In,erna,i*nal '*urnal> The I!)a2, Of In9es,!en, *n E2*n*!i2 De9el*!)!en, in E+y),1F The Ele2,r*ni2 '*urnal *n Inf*r!a,i*n Sys,e!s in De9el*)in+ ;*un,ries: E.is2 "74 #1 )a+e #$5#& In,erna,i*nal '*urnal> h,,):#%-!iner4=*r)ress42*!-%#-%7%".urnal5analisa5(elaya(an5in9es,asi5 ala!5)en+a!0ilan5(e)u,usan5in9es,asi5)aa5usaha5)er,a!0an+an5ni(el
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