Valuasi Investasi Proyek Pertambangan Bijih Nikel Sesuai Dengan Good Mining Practices

Fredomeseliano, Bonanza Herlambang (2025) Valuasi Investasi Proyek Pertambangan Bijih Nikel Sesuai Dengan Good Mining Practices. Masters thesis, Institut Teknologi Sepuluh Nopember.

Text 6010201026-Master_Thesis.pdf - Accepted Version Restricted to Repository staff only Download (3MB) | Request a copy

Abstract

Indonesia merupakan negara dengan cadangan dan produksi nikel terbesar di dunia, yang menjadikan sektor pertambangan bijih nikel sangat strategis bagi pertumbuhan ekonomi nasional dan pemenuhan kebutuhan industri. Namun, kegiatan pertambangan bijih nikel juga dikenal sebagai industri padat modal, dengan kebutuhan investasi yang sangat besar dan struktur biaya operasi yang kompleks. Besarnya skala investasi ini menuntut adanya kajian finansial yang mendalam sebelum proyek dijalankan berdasarkan prinsip Good Mining Practices agar proyek dapat berjalan optimal, aman, dan berkelanjutan. Metodologi yang digunakan dalam penelitian ini adalah pendekatan Discounted Cash Flow (DCF) yang meliputi perhitungan Net Present Value (NPV), Internal Rate of Return (IRR), dan Payback Period untuk menilai kelayakan finansial proyek. Selain itu, dilakukan analisis sensitivitas terhadap parameter kunci seperti harga bijih nikel, biaya produksi, dan investasi awal untuk mengukur tingkat ketahanan proyek terhadap ketidakpastian dan resiko. Hasil evaluasi menunjukkan bahwa proyek menghasilkan NPV sebesar USD$ 874 juta, IRR sebesar 19,7%, dan Payback Period selama 4 tahun, yang mengindikasikan bahwa proyek layak untuk direalisasikan secara ekonomi. Analisis sensitivitas juga menunjukkan bahwa proyek tetap layak terhadap fluktuasi variabel-variabel utama, selama perubahan masih dalam batas wajar. Dengan demikian, proyek ini dapat direkomendasikan untuk dilanjutkan ke tahap pengembangan, dengan tetap mempertimbangkan aspek lingkungan, teknis, dan sosial sesuai dengan prinsip Good Mining Practices.
===================================================================================================================================
Indonesia is one of the largest nickel reserves and producers in the world, making the nickel ore mining sector highly strategic for national economic growth and industrial demand. However, nickel ore mining is also recognized as a capital-intensive industry, requiring substantial investment and complex operational cost structures. The magnitude of this investment necessitates a comprehensive financial assessment prior to project execution, based on Good Mining Practices principles to ensure the project operates optimally, safely, and sustainably. The research employs a Discounted Cash Flow (DCF) approach to assess the project’s financial viability, using key indicators such as Net Present Value (NPV), Internal Rate of Return (IRR), and Payback Period. A sensitivity analysis is also conducted to evaluate the project’s resilience to fluctuations in critical variables including nickel ore price, production costs, and capital expenditure. The results show that the project generates a positive NPV of USD 874 million, an IRR of 19.7%, and a Payback Period of 4 years, indicating strong financial feasibility. The sensitivity analysis further confirms that the project remains economically viable under various risk scenarios, provided the changes stay within reasonable limits. Therefore, the project is recommended for development, with continued adherence to technical, environmental, and social standards in line with Good Mining Practices.

Item Type:	Thesis (Masters)
Uncontrolled Keywords:	Studi kelayakan, Good Mining Practice, Valuasi Proyek, Discounted Cash Flow (DCF), Analisa Sensitivitas; Feasibility study, Good Mining Practice, Discounted Cash Flow (DCF), IRR, NPV, Sensitivity Analysis
Subjects:	T Technology > T Technology (General) > T56.8 Project Management T Technology > T Technology (General) > T58.6 Management information systems
Divisions:	Faculty of Industrial Technology and Systems Engineering (INDSYS) > Industrial Engineering > 26101-(S2) Master Thesis
Depositing User:	Bonanza Herlambang Fredomeseliano
Date Deposited:	06 Aug 2025 01:27
Last Modified:	06 Aug 2025 01:27
URI:	http://repository.its.ac.id/id/eprint/127581

Actions (login required)

View Item