KONTINJENSI (lanjutan) AND CONTINGENCIES (continued)

KONTINJENSI (lanjutan) AND CONTINGENCIES (continued)

n. Reklamasi Tambang dan Penutupan Tambang n. Mine Reclamation and Mine Closure

(lanjutan)

(continued)

Kewajiban untuk menyediakan jaminan reklamasi The requirement to provide reclamation and dan jaminan pascatambang tidak membebaskan

post-mine guarantees does not release the IUP pemegang IUP dari kewajiban untuk melakukan

holder from the requirement to perform reklamasi dan kegiatan pascatambang.

reclamation and post-mine activities. Berkaitan dengan hal ini, Perusahaan telah atau

In connection to this matter, the Company has akan mengambil tindakan-tindakan berikut:

taken or will take, the following actions:

a. Untuk reklamasi tambang, Perusahaan telah

a. For mining reclamation, the Company has membentuk cadangan akuntansi. Direktorat

established an accounting reserve. The Jenderal

Directorate of General Mining, through its menyetujui pembentukan cadangan akuntansi

1187-1191/87.01/DJP/1998 tersebut

letter

No.

dated June 5, 1998, has accepted the 1191/87.01/DJP/1998 tanggal 5 Juni 1998.

establishment of the accounting reserve.

b. Untuk penutupan tambang, Perusahaan telah

b. For mine closures, the Company has beberapa kali berkorespondensi dengan

corresponded with the MoEMR on several MESDM untuk membahas revisi rencana

occasions for discussion of a revised mine penutupan tambang.

closure plan.

Berdasarkan peraturan ini Perusahaan tidak lagi Based on this regulation, the Company is no memenuhi kriteria untuk menyediakan jaminan

longer eligible to provide a reclamation reklamasi dalam bentuk cadangan akuntansi.

guarantee in the form of an accounting reserve. Pada tanggal 31 Desember 2015, Perusahaan

As at December 31, 2015, the Company has telah menempatkan jaminan reklamasi dalam

placed reclamation guarantees in the form of bentuk bank garansi, seperti yang disyaratkan

bank guarantees, as required by Ministerial oleh PerMen No.07/2014, dengan rincian tiap

Regulation No. 7/2014, with details for each wilayah sebagai berikut:

area as follows:

- Maluku Utara: Melalui Surat Dirjen Minerba

North Maluku: Through Letter from the No. 1522/30/DJB/2015 tanggal 3 September

Directorate of General Mining dated 2015 Dokumen RR 2014 - 2016 tentang

September 3, 2015 Document RR 2014 - Penetapan Revisi Jamrek 2014 - 2018

2016 about Reclamation Guarantee dengan nilai masing-masing untuk tahun

Revision for the period 2014 – 2018 each 2016, 2015 dan 2014 secara berturut-turut

for 2016, 2015 and 2014 amounting to yaitu

Rp5,710,939 dan Rp7.033.480.

Rp7,033,480, respectively. - Sulawesi Tenggara: Melalui Surat Dirjen

Southeast Sulawesi: Through Letter from Minerba No. 2156/30/DJB/2015 tanggal 25

the Directorate of General Mining dated November 2015 tentang Penetapan Jamrek

November 25, 2015 about Reclamation Periode 2015 - 2016 dengan nilai masing-

Guarantee for the period 2015 - 2016 each masing untuk tahun 2016 dan 2015 yaitu

for 2016 and 2015 amounting to Rp17.468.082 dan Rp19.109.300.

Rp17,468,082 and Rp19,109,300. - Tayan: Melalui Surat Dirjen Minerba No.

Tayan: Through Letter from the Directorate

of General Mining dated November 25, 2015 tentang Penetapan Jamrek Periode

2155/30/DJB/2015 tanggal 25 November

2015 about Reclamation Guarantee for the 2015 - 2017 dengan nilai masing-masing

period 2015 - 2017 each for 2016 and 2015 untuk tahun 2016 dan 2015 yaitu Rp4.410.422

Rp4,410,422 and dan Rp3.549.933.

- Pongkor: Melalui Surat Dirjen Minerba No.

Pongkor: Through Letter from the

35. PERJANJIAN PENTING,

IKATAN

DAN

35. SIGNIFICANT AGREEMENTS, COMMITMENTS

KONTINJENSI (lanjutan) AND CONTINGENCIES (continued)

o. Perolehan Investasi di NHM o. Acquiring Interest in NHM

Pada tanggal 20 Desember 2012, Perusahaan On December 20, 2012, the Company acquired menambah kepemilikannya di NHM sebesar

a 7.5% additional interest in NHM, increasing 7,5%, sehingga kepemilikan Perusahaan naik

the total interest held to 25%. Based on the menjadi sebesar 25%. Berdasarkan Conditional

Conditional Sale and Purchase Agreement, the Sale and Purchase Agreement, pertimbangan

consideration for the additional interest acquired untuk

was US$130,000,000 with an additional AS$130.000.000

AS$30.000.000 (harga pembelian kontinjensi), US$30,000,000 (contingent purchase price) akan dibayarkan apabila terdapat tambahan

payable subject to a further 1 million ounces sumber daya emas (terkira dan/atau terukur)

(unaudited) of additional gold resources sebesar 1 juta ons (tidak diaudit) sampai dengan

(indicated and/or measured) being defined up to tanggal 31 Desember 2017, berdasarkan laporan

December 31, 2017, based on the JORC report JORC yang dikeluarkan

issued by an independent consultant. independen.

oleh konsultan

Pada tanggal 31 Desember 2013, Perusahaan As at December 31, 2013, the Company has menilai kembali kemungkinan tambahan sumber

reassessed the probability of additional gold daya emas di NHM yang dilakukan oleh Competent

resources being defined for NHM through an Person berdasarkan JORC code. Berdasarkan

assessment by a Competent Person based on penilaian tersebut, terdapat potensi tambahan

the JORC code. Based on the assessment, sedikitnya 500.000 ons emas (tidak diaudit) di area

there is at least a potential 500,000 ounces konsesi NHM. Berdasarkan estimasi tersebut,

(unaudited) of additional gold resources in NHM Perusahaan mengakui harga pembelian kontinjensi

concession areas. Based on such estimate, the sebesar AS$15.000.000 atau setara dengan

Company has recognised a contingent Rp182.835.000 yang dicatat sebagai liabilitas

purchase price amounting to US$15,000,000 or jangka panjang lainnya di laporan posisi keuangan

equivalent to Rp182,835,000, which was konsolidasian.

recorded as other non-current liabilities in the consolidated statement of financial position.

Pada tanggal 30 Maret 2015, seperti yang On March 30, 2015, as stated by Newcrest dinyatakan oleh Newcrest Singapore Holdings Pte.,

Singapore Holdings Pte., Ltd the potential of Ltd potensi penambahan sumber daya emas di

additional gold resources in NHM concession wilayah konsensi NHM pada tanggal 31 Desember

area as at December 31, 2014 was 480,000 2014 adalah 480.000 ons emas (tidak diaudit).

ounces (unaudited). The Company recognised Pada tanggal 31 Desember 2015, Perusahaan

the decline in the contingent liability so that as telah mengakui penurunan pada liabilitas jangka

at December 31, 2015, the recorded contingent panjang lainnya menjadi AS$14.400.000 atau

liability became US$14,400,000 or equivalent to setara dengan Rp194.410.345.

Rp194,410,345.

Pada tanggal 30 Juli 2015, Perusahaan telah On July 30, 2015, the Company has menilai kembali kemungkinan penambahan sumber

reassessed the probability of additional gold daya emas (terukur dan/atau terindikasi) di area

resources (measured and/or indicated) in konsesi NHM dengan mempertimbangkan cut-off

NHM’s concession area by considering cut-off grade factor dan menyimpulkan bahwa potensi

grade factors and concluded that potential penambahan emas di area konsesi NHM adalah

additional gold resources in the concession 430.000 ons (tidak diaudit) sumber daya emas

areas of NHM is 430,000 ounces (unaudited) of terindikasi. Sampai dengan tanggal laporan

indicated gold resources. Up to the date of keuangan konsolidasian ini, Perusahaan masih

these consolidated financial statements, the berdiskusi dengan Newcrest Singapore Holding

Company is having discussions with Newcrest

35. PERJANJIAN PENTING,

IKATAN

DAN

35. SIGNIFICANT AGREEMENTS, COMMITMENTS