Ex-Mining Land Use in the Livestock Sector : a Cost Benefit Analysis (Case Study of an Integrated Cow Farm Program at PT KPC East Kutai).
Pemanfaatan Lahan Bekas Tambang pada Sektor Peternakan : Sebuah Analisis Biaya Manfaat (Studi Kasus Program Peternakan Sapi Terpadu PT KPC Kutai Timur)
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Date
2013Author
Ariansyah, Joni
Ismail, Ahyar
Abdullah, Luki
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Indonesia is a rich of coal resources country. It makes the mining companies grow rapidly in Indonesia. Currently the Ministry of Energy and Mineral Resources (ESDM) records that 5940 the mining permit (IUP) are non clean and clear, and 4624 the mining permit are clean and clear. The existence of the mining business brings many economic benefits, but, on the other hand, it brings the environmental damage, especially the soil where the mining activities do. Therefore, each mining company in Indonesia has been charged reclamation obilgation in ex-mining land which it is under law and ministerial regulation. After reclamation, a lot of things can do in ex-mining land, such as using exmining land in forestry, agriculture, fisheries, and livestock farming. PT KPC is one of the largest coal mining companies in Indonesia that is operating in Kutai Timur. In the context of reclamation of ex-minig land, PT KPC tries to use its exmining land in livestock farming by The Integrated Cow Farming Program (PESAT). This program is included in the company's CSR program and has been running since late 2009. PESAT is a integrated program between the breeding activities of Balinese caw and the local breeders training and internship program. Since the implementaion of this program, a lot of progress perceived by both the company and the community, thus, it is necessary to do research on the cost benefit analysis of it. The purposes of this study are: (1) to analyze the model or concept of PESAT, (2) to estimate the costs and benefits of the program, (3) to formulate stakeholder relations in the program, and (4) to identify the characteristics and perceptions of PESAT participants. The method used in this study consisted of descriptive analysis, cost benefit analysis, sensitivity analysis, stakeholder analysis and perceptual analysis. This study shows that PESAT’s concept which is done by PT KPC is the integrated program. It is consisted Balinese cow breeding and its byproducts, cultivation Dairy Cattle and their byproducts, vegetables and farm training Balinese Cows breeders in the form of an internship for 6 months. PESAT program was run so far has many benefits for the company and the community, as a result of the marketing of livestock and processed products, such as beef, milk, yogurt, ice milk and ice cream. Another benefit are the result of product marketing vegetables, compost fertilizer, an educational tourist attractions, a field laboratory STIPER Campus in East Kutai, a place or meeting room, a company guest lodge, the fieldwork practice and research, enhance the company's reputation and increase science breeders. Some of the benefites can be quantified, and some can 5 not .The costs incurred by the company towards PESAT program consists of investment costs and annual operating costs. PESAT program feasibility analysis is conducted based on several scenarios. The first scenario is the residual value of fixed assets is not taken into account, the obtained value of NPV about IDR-451 256 201, net B/C at 1, gross B/C at 1, and IRR at 5%. The second scenario is the residual value of fixed assets taken into account, the obtained value of NPV about IDR921 027 445, net B/C at 1.15, gross B/C at 1, and IRR at 8%. The third scenario is the residual value of fixed assets and depreciation expenses taken into account, then the NPV obtained about IDR-2 420 563 476, net B/C at 0.90, gross B/C at 1, and IRR at 0%. The fourth scenario is the benefit to Campus STIPER improved and the residual value is not taken into account, the obtained value of NPV about IDR37 164 455 net B/C at 1.01, gross B/C at 1, and IRR at 6%. The fifth scenario is lowering interest rates to 4.6% and a residual value of fixed assets is not taken into account, the obtained value of NPV about IDR45 310 129, net B/C at 1.01, gross B/C at 1, and IRR at 5%. The last scenario and recommended is the residual value of fixed assets taken into account, the benefits of enhanced STIPER Campus, and depreciation costs are ignored, so the obtained value of NPV about IDR1 226 290 355, net B/C at 1.19, gross B/C at 1, and IRR at 8%. The results obtained are in accordance with the specified interest rate is 5.75%, so the program PESAT assessed feasible. Stakeholder analysis showed that from the four relevant stakeholders involved PESAT program, PT KPC has high influence and high interests, or it is placed as key player, while the other three stakeholders have high interest but low influence or they are placed as subject.
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- MT - Economic and Management [2961]