JADWAL

Tanggal Efektif : 31 Oktober 2011 Tanggal Pengembalian Uang Pemesanan (Refund) : 7 Nopember 2011
Masa Penawaran : 1 - 3 Nopember 2011 Tanggal Distribusi Saham Secara Elektronik : 7 Nopember 2011
Tanggal Penjatahan : 7 Nopember 2011 Tanggal Pencatatan Saham pada Bursa Efek Indonesia : 8 Nopember 2011

BAPEPAM-LK TIDAK MEMBERIKAN PERNYATAAN MENYETUJUI ATAU TIDAK MENYETUJUI EFEK INI, TIDAK JUGA
MENYATAKAN KEBENARAN ATAU KECUKUPAN ISI PROSPEKTUS INI. SETIAP PERNYATAAN YANG BERTENTANGAN DENGAN
HAL-HAL TERSEBUT ADALAH PERBUATAN MELANGGAR HUKUM.

PT ATLAS RESOURCES TBK (“PERSEROAN”) DAN PARA PENJAMIN PELAKSANA EMISI EFEK BERTANGGUNG JAWAB
SEPENUHNYA ATAS KEBENARAN SEMUA INFORMASI ATAU FAKTA MATERIAL, SERTA KEJUJURAN PENDAPAT YANG
TERCANTUM DALAM PROSPEKTUS INI.

37$7/$65(6285&(67EN
KEGIATAN USAHA UTAMA
Perdagangan batubara dan pertambangan batubara melalui Anak Perusahaan pemegang 12 (dua belas)
Izin Usaha Pertambangan pada Wilayah IUP di Propinsi Kalimantan Timur dan Sumatera Selatan
Berkedudukan di Jakarta Selatan, Indonesia
KANTOR PUSAT
Sampoerna Strategic Square – South Tower Level 18
Jalan Jend. Sudirman Kav. 45-46
Jakarta Selatan 12930 – Indonesia
Telepon : +62 21 719 3343; Faksimili : +62 21 7179 2708
Email: corsec@atlas-coal.co.id
Website: www.atlas-coal.co.id

PENAWARAN UMUM
Sebesar 650.000.000 (enam ratus lima puluh juta) saham biasa atas nama yang merupakan saham baru Perseroan dengan nilai
nominal Rp 200,- (dua ratus Rupiah) setiap saham yang mewakili sebesar 21,67% (dua puluh satu koma enam puluh tujuh persen) dari
modal yang telah ditempatkan dan disetor penuh dalam Perseroan setelah Penawaran Umum yang ditawarkan dengan Harga
Penawaran Rp 1.500,- (seribu lima ratus Rupiah) setiap saham yang harus dibayar penuh pada saat mengajukan Formulir Pemesanan
Pembelian Saham. Jumlah Penawaran Umum adalah sebesar Rp 975.000.000.000,- (sembilan ratus tujuh puluh lima miliar Rupiah).
Dalam hal terjadi kelebihan pemesanan saham dalam Penawaran Umum, Pemegang Saham Penjual memberikan opsi kepada
Penjamin Pelaksana Emisi Efek (“Opsi Penjatahan Lebih”) untuk dapat (1) melakukan penjatahan lebih sampai dengan sebesar
28.339.000 (dua puluh delapan juta tiga ratus tiga puluh sembilan ribu) saham biasa atas nama milik Pemegang Saham Penjual, yaitu
Abdi Andre, yang merupakan 4,36% (empat koma tiga puluh enam persen) dari jumlah saham yang ditawarkan pada Penawaran
Umum, dengan harga pelaksanaan yang sama dengan Harga Penawaran Umum dan (2) melakukan pembelian Saham di Pasar
Sekunder untuk menjaga harga Saham pada tingkat harga yang tidak lebih rendah dari Harga Penawaran. Pembelian Saham tersebut
dapat dilakukan dalam jangka waktu 30 (tiga puluh) Hari Kalender sejak Tanggal Pencatatan dan dapat dihentikan sewaktu-waktu
dalam jangka waktu tersebut. PT UBS Securities Indonesia, yang juga merupakan Penjamin Pelaksana Emisi, telah ditunjuk oleh
Perseroan sebagai Agen Stabilisasi.
Penjamin Pelaksana Emisi Efek yang namanya tercantum di bawah ini menjamin dengan kesanggupan penuh (full comittment) terhadap
Penawaran Umum.

PENJAMIN PELAKSANA EMISI EFEK

PT INDO PREMIER SECURITIES PT UBS SECURITIES INDONESIA

PENJAMIN EMISI EFEK

PT AMANTARA SECURITIES; PT CIPTADANA SECURITIES; PT ONIX CAPITAL TBK.; PT CIMB SECURITIES INDONESIA;
PT RELIANCE SECURITIES; PT VALBURY ASIA SECURITIES; PT YULIE SECURINDO TBK.; PT KRESNA GRAHA SECURINDO TBK.;
PT RECAPITAL SECURITIES; PT BNI SECURITIES DAN PT VICTORIA SEKURITAS
AGEN PENJUAL
PT DINAMIKA USAHA JAYA; PT FIRST ASIA CAPITAL; PT MINNA PADI INVESTAMA; PT VALBURY ASIA SECURITIES;
PT RELIANCE SECURITIES TBK. DAN PT PHILLIP SECURITIES INDONESIA
PENCATATAN ATAS EFEK YANG DITAWARKAN INI AKAN DILAKUKAN PADA PT BURSA EFEK INDONESIA
RISIKO USAHA UTAMA YANG DIHADAPI PERSEROAN DAN ANAK PERUSAHAAN ADALAH RISIKO TERKAIT DENGAN HARGA
BATUBARA YANG MENGIKUTI SIKLUS (CYCLICAL) DAN MEMILIKI TINGKAT FLUKTUASI SIGNIFIKAN. KETERANGAN
SELENGKAPNYA MENGENAI RISIKO USAHA DAPAT DILIHAT PADA BAB V PROSPEKTUS INI.
RISIKO TERKAIT DENGAN KEPEMILIKAN ATAS SAHAM PERSEROAN YAITU SAHAM PERSEROAN MUNGKIN TIDAK AKTIF ATAU
TIDAK LIKUID. MESKIPUN PERSEROAN AKAN MENCATATKAN SAHAMNYA DI BEI, NAMUN TIDAK ADA JAMINAN BAHWA
SAHAM PRSEROAN YANG DIPERDAGANGKAN TERSEBUT AKAN AKTIF ATAU LIKUID. DENGAN DEMIKIAN, PERSEROAN TIDAK
DAPAT MEMPREDIKSIKAN APAKAH PASAR DARI SAHAM PERSEROAN AKAN AKTIF ATAU LIKUIDITAS SAHAM PERSEROAN
AKAN TERJAGA.
PERSEROAN TIDAK MENERBITKAN SURAT KOLEKTIF SAHAM HASIL PENAWARAN UMUM INI, TETAPI SAHAM-SAHAM
TERSEBUT AKAN DIDISTRIBUSIKAN SECARA ELEKTRONIK YANG AKAN DIADMINISTRASIKAN DALAM PENITIPAN KOLEKTIF
PT KUSTODIAN SENTRAL EFEK INDONESIA (”KSEI”).
Prospektus ini diterbitkan di Jakarta pada tanggal 1 Nopember 2011
PT Atlas Resources Tbk. (selanjutnya dalam Prospektus ini disebut “Perseroan”) telah menyampaikan
Pernyataan Pendaftaran Emisi Efek sehubungan dengan Penawaran Umum ini kepada Ketua Badan
Pengawas Pasar Modal dan Lembaga Keuangan (“Bapepam-LK”) di Jakarta dengan surat
No.123/Mgmt-AR/VII/2011 tertanggal 18 Juli 2011 sesuai dengan persyaratan yang ditetapkan dalam
Undang-undang Republik Indonesia No.8 Tahun 1995 tentang Pasar Modal, yang dimuat dalam Lembaran
Negara Republik Indonesia No. 64 tahun 1995, Tambahan Lembaran Negara No. 3608 (selanjutnya disebut
“UUPM”) dan peraturan pelaksanaannya. Pernyataan Pendaftaran Emisi Efek sehubungan dengan
Penawaran Umum ini telah mendapatkan pernyataan efektif dari Bapepam-LK dengan suratnya
No. S-11754/BL/2011 tertanggal 31 Oktober 2011.

Saham yang ditawarkan dalam Penawaran Umum ini akan dicatatkan pada PT Bursa Efek Indonesia (“BEI”)
sesuai dengan Perjanjian Pendahuluan Pencatatan Efek yang dibuat antara Perseroan dengan BEI pada
tanggal 7 Juli 2011. Apabila Perseroan tidak memenuhi persyaratan pencatatan yang ditetapkan oleh BEI,
maka Penawaran Umum ini menjadi batal demi hukum dan uang pemesanan yang telah diterima
dikembalikan kepada para pemesan.

Perseroan, Penjamin Pelaksana Emisi Efek, Penjamin Emisi Efek dan Lembaga serta Profesi Penunjang Pasar
Modal dalam rangka Penawaran Umum ini bertanggung jawab sepenuhnya atas kebenaran semua data
dan kejujuran pendapat, keterangan atau laporan yang disajikan dalam Prospektus ini sesuai dengan
bidang tugas masing-masing berdasarkan ketentuan yang berlaku dalam wilayah Republik Indonesia dan
kode etik, norma serta standar profesi masing-masing.

Sehubungan dengan Penawaran Umum ini, setiap pihak yang terafiliasi tidak diperkenankan memberi
penjelasan dan/atau membuat pernyataan apapun mengenai hal-hal yang tidak tercantum dalam
Prospektus ini tanpa persetujuan tertulis terlebih dahulu dari Perseroan dan Penjamin Pelaksana Emisi
Efek.

PT Indo Premier Securities dan PT UBS Securities Indonesia selaku Penjamin Pelaksana Emisi Efek, Penjamin
Emisi Efek dan Lembaga dan Profesi Penunjang Pasar Modal dan Penjamin Emisi Efek dalam Penawaran
Umum ini bukan merupakan pihak yang terafiliasi dengan Perseroan, baik secara langsung maupun tidak
langsung, sebagaimana didefinisikan dalam UUPM.

PENAWARAN UMUM INI TIDAK DIDAFTARKAN BERDASARKAN UNDANG-UNDANG / PERATURAN

SELAIN YANG BERLAKU DI REPUBLIK INDONESIA. BARANG SIAPA DI LUAR WILAYAH INDONESIA
MENERIMA PROSPEKTUS INI, MAKA PROSPEKTUS INI TIDAK DIMAKSUDKAN SEBAGAI DOKUMEN
PENAWARAN UNTUK MEMBELI SAHAM, KECUALI BILA PENAWARAN DAN PEMBELIAN SAHAM
TERSEBUT TIDAK BERTENTANGAN, ATAU BUKAN MERUPAKAN PELANGGARAN TERHADAP
PERATURAN PERUNDANG-UNDANGAN SERTA KETENTUAN BURSA EFEK YANG BERLAKU DI
NEGARA ATAU YURISDIKSI DI LUAR REPUBLIK INDONESIA TERSEBUT.

DALAM RANGKA MEMPERTAHANKAN HARGA PASAR EFEK YANG SAMA, BAIK JENIS MAUPUN
KELASNYA, DENGAN YANG DITAWARKAN PADA PENAWARAN UMUM INI, PENJAMIN EMISI DAPAT
MELAKUKAN STABILISASI HARGA PADA TINGKAT HARGA YANG LEBIH TINGGI DARI YANG
MUNGKIN TERJADI DI BURSA EFEK SEKIRANYA TIDAK DILAKUKAN STABILISASI HARGA.
STABILISASI HARGA YANG DILAKUKAN OLEH AGEN STABILISASI TIDAK DIMAKSUDKAN UNTUK
TUJUAN MANIPULASI HARGA DI PASAR. JIKA PENJAMIN EMISI MELAKUKAN STABILISASI HARGA,
MAKA STABILISASI HARGA DAPAT DIHENTIKAN SEWAKTU-WAKTU

PERSEROAN TELAH MENGUNGKAPKAN SEMUA INFORMASI MATERIAL YANG WAJIB DIKETAHUI

OLEH PUBLIK DAN TIDAK ADA LAGI INFORMASI MATERIAL YANG BELUM DIUNGKAPKAN
SEHINGGA TIDAK MENYESATKAN PUBLIK.
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316
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DAN ANAK PERUSAHAAN

LAPORAN POSISI KEUANGAN (NERACA) KONSOLIDASIAN

30 APRIL 2011 DAN 31 DESEMBER 2010, 2009, DAN 2008
(Dinyatakan dalam jutaan Rupiah, kecuali nilai nominal dan data saham)

30 April 31 Desember 31 Desember 31 Desember

Catatan 2011 2010 2009 2008

ASET LANCAR
Kas dan setara kas 6 259.867 5.867 1.400 7.681
Piutang usaha
- Pihak ketiga 7 123.612 66.847 43.633 -
Piutang lain-lain
- Pihak ketiga 8a 14.436 2.617 154 2.229
Uang muka dan pembayaran
di muka yang akan jatuh tempo
dalam satu tahun 9 5.307 10.253 4.810 19.891
Persediaan 10 36.789 42.086 83.117 24.405
Pajak dibayar di muka 23a 6.394 5.309 468 -

Jumlah aset lancar 446.405 132.979 133.582 54.206

ASET TIDAK LANCAR

Piutang lain-lain
- Pihak ketiga 8b 28.054 57.886 18.942 1.315
- Pihak yang berelasi 28a 23.821 20.211 13.716 16.691
Uang muka dan pembayaran di muka
setelah dikurangi bagian yang akan
jatuh tempo dalam satu tahun 9 12.120 54 594 123
Aset pajak tangguhan, bersih 23d 6.575 539 140 37
Biaya eksplorasi dan
pengembangan yang
ditangguhkan (setelah
dikurangi akumulasi amortisasi
sejumlah Rp 10.594 pada 30 April
2011, Rp 3.315 pada
31 Desember 2010, Rp 1.752
pada 31 Desember 2009, dan
Rp 420 pada 31 Desember 2008) 11 238.125 85.944 15.739 7.703
Aset tetap
(setelah dikurangi akumulasi
penyusutan sejumlah Rp 41.302
pada 30 April 2011,
Rp 28.478 pada 31 Desember 2010,
Rp 12.202 pada 31 Desember
2009, dan Rp 1.679 pada
31 Desember 2008) 12 247.434 174.589 114.936 96.665
Properti pertambangan 13 60.242 6.056 - -
Goodwill 12.687 1.514 - -
Hubungan pelanggan kontraktual tidak
berwujud (setelah dikurangi akumulasi
amortisasi sejumlah Rp 11.577
pada 30 April 2011, Rp 4.126 pada
31 Desember 2010, Rp nihil
pada 31 Desember 2009 dan 2008) 14 282.857 58.811 - -
Jaminan IUP, reklamasi dan
jaminan penutupan tambang 30k 3.076 - - -
Aset tidak lancar lain-lain 8.031 1.487 64 12

Jumlah aset tidak lancar 923.022 407.091 164.131 122.546

JUMLAH ASET 1.369.427 540.070 297.713 176.752

Catatan atas laporan keuangan konsolidasian merupakan bagian yang tidak terpisahkan dari laporan keuangan konsolidasian
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DAN ANAK PERUSAHAAN

LAPORAN POSISI KEUANGAN (NERACA) KONSOLIDASIAN (lanjutan)

30 APRIL 2011 DAN 31 DESEMBER 2010, 2009, DAN 2008
(Dinyatakan dalam jutaan Rupiah, kecuali nilai nominal dan data saham)

30 April 31 Desember 31 Desember 31 Desember

Catatan 2011 2010 2009 2008

LIABILITAS JANGKA PENDEK

Hutang usaha
- Pihak ketiga 16 70.822 47.161 28.174 14.452
Biaya yang masih harus dibayar 17 118.844 72.880 55.424 22.195
Hutang lain-lain
- Pihak ketiga 18 271.465 21.934 21.540 2.285
Pendapatan diterima di muka 19 16.616 37.183 - -
Hutang pajak 23b 17.414 9.029 8.549 6.551
Pinjaman jangka pendek 15a 75.315 38.467 - -
Pinjaman jangka panjang yang
akan jatuh tempo dalam satu tahun 15b 83.699 44.955 47.000 -
Hutang sewa pembiayaan jangka panjang
yang akan jatuh tempo dalam satu tahun 20 23.350 22.793 1.320 399

Jumlah liabilitas jangka pendek 677.525 294.402 162.007 45.882

LIABILITAS JANGKA PANJANG

Hutang lain-lain
- Pihak yang berelasi 28b 3.383 - 183 -
Pinjaman jangka panjang setelah dikurangi
bagian yang akan jatuh tempo dalam
satu tahun 15b 116.346 - 105.082 119.485
Hutang sewa pembiayaan jangka panjang
setelah dikurangi bagian yang
akan jatuh tempo dalam satu tahun 20 15.891 19.436 1.654 702
Liabilitas pajak tangguhan, bersih 23e 11.992 742 134 199
Penyisihan reklamasi dan penutupan
tambang 2p 4.205 2.171 2.055 -
Penyisihan imbalan karyawan 37 5.928 3.401 - -

Jumlah liabilitas jangka panjang 157.745 25.750 109.108 120.386

EKUITAS
Ekuitas yang dapat diatribusikan kepada
pemegang saham Perusahaan:
- Modal saham 21 470.000 200.000 20.000 600
- Uang muka setoran modal 21 - - - 13.831
- Selisih nilai transaksi restrukturisasi
entitas sepengendali 2v (43) - - -
- Laba ditahan/(akumulasi kerugian) 53.432 19.918 6.598 (4.084)

523.389 219.918 26.598 10.347

Kepentingan non-pengendali 10.768 - - 137

Jumlah ekuitas 534.157 219.918 26.598 10.484

JUMLAH LIABILITAS DAN EKUITAS 1.369.427 540.070 297.713 176.752

Catatan atas laporan keuangan konsolidasian merupakan bagian yang tidak terpisahkan dari laporan keuangan konsolidasian
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DAN ANAK PERUSAHAAN

LAPORAN LABA/(RUGI) KOMPREHENSIF KONSOLIDASIAN

UNTUK PERIODE EMPAT BULAN YANG BERAKHIR 30 APRIL 2011 DAN 2010 DAN TAHUN YANG BERAKHIR
31 DESEMBER 2010, 2009, DAN 2008
(Dinyatakan dalam jutaan Rupiah, kecuali laba/(rugi) per saham)

30 April 30 April 31 Desember 31 Desember 31 Desember

Catatan 2011 2010 2010 2009 2008
(tidak diaudit)

Pendapatan usaha 24 303.509 145.096 593.218 387.172 141.146

Biaya sehubungan dengan

pendapatan 25 (248.584) (128.832) (511.544) (314.648) (90.743)

LABA KOTOR 54.925 16.264 81.674 72.524 50.403

Beban usaha 26 (38.230) (19.336) (56.413) (74.113) (36.267)

LABA/(RUGI) USAHA 16.695 (3.072) 25.261 (1.589) 14.136

PENDAPATAN/(BIAYA) LAIN-LAIN
Biaya keuangan (4.570) (135) (2.366) (8.717) (3.082)
Denda pajak (428) (140) (1.277) (716) (25)
Biaya bank (506) (199) (913) (551) (121)
Keuntungan/(kerugian) selisih
kurs, bersih 2c 19.637 7.458 (1.133) 26.308 (13.070)
Pendapatan keuangan 187 1.146 1.196 58 85
Keuntungan dari pelepasan
anak perusahaan 4 3.280 - - 3.035 -
Lain-lain, bersih 1.401 11 (352) 69 4

Pendapatan/(biaya)
lain-lain, bersih 19.001 8.141 (4.845) 19.486 (16.209 )

LABA/(RUGI) SEBELUM PAJAK

PENGHASILAN 35.696 5.069 20.416 17.897 (2.073)

Beban pajak penghasilan, bersih 23c (8.701 ) (2.218) (7.951) (7.410) (2.244)

LABA/(RUGI) SEBELUM RUGI

SEBELUM AKUISISI 26.995 2.851 12.465 10.487 (4.317)

Rugi sebelum akuisisi 6.437 - 855 - -

JUMLAH LABA/(RUGI)
KOMPREHENSIF
PERIODE/TAHUN BERJALAN 33.432 2.851 13.320 10.487 (4.317)

JUMLAH LABA/(RUGI)
KOMPREHENSIF YANG DAPAT
DIATRIBUSIKAN KEPADA:
Pemilik entitas induk 33.514 2.851 13.320 10.682 (4.089)
Kepentingan non-pengendali (82) - - (195) (228)

33.432 2.851 13.320 10.487 (4.317)

LABA/(RUGI) PER SAHAM DASAR

DAN DILUSIAN (nilai penuh) 29 133.102 37.390 107.585 534.100 (629.077)

Catatan atas laporan keuangan konsolidasian merupakan bagian yang tidak terpisahkan dari laporan keuangan konsolidasian
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DAN ANAK PERUSAHAAN

LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN

UNTUK PERIODE EMPAT BULAN YANG BERAKHIR 30 APRIL 2011 DAN 2010 (TIDAK DIAUDIT)
DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010, 2009, DAN 2008
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain)
Selisih
nilai
transaksi
Uang muka restrukturisasi Laba ditahan/ Kepentingan
Modal setoran entitas (akumulasi non- Jumlah
Catatan saham modal sepengendali kerugian) Jumlah pengendali ekuitas

Saldo per 1 Januari 2008 600 - - 5 605 63 668

Uang muka setoran modal 21 - 13.831 - - 13.831 - 13.831

Rugi komprehensif tahun berjalan - - - (4.089) (4.089) 74 (4.015)

Saldo per 31 Desember 2008 600 13.831 - (4.084) 10.347 137 10.484

Penerbitan saham baru 21 19.400 (13.831) - - 5.569 - 5.569

Laba komprehensif tahun berjalan - - - 10.682 10.682 (137) 10.545

Saldo per 31 Desember 2009 20.000 - - 6.598 26.598 - 26.598

Penerbitan saham baru 21 180.000 - - - 180.000 - 18 0.000

Laba komprehensif tahun berjalan - - - 13.320 13.320 - 13.320

Saldo per 31 Desember 2010 200.000 - - 19.918 219.918 - 219.918

Penerbitan saham baru 21 270.000 - - - 270.000 - 270.000

Laba komprehensif periode berjalan - - - 33.514 33.514 (82) 33.432

Kepentingan non-pengendali yang

timbul dari kombinasi bisnis - - - - - 10.850 10.850

Selisih nilai transaksi restrukturisasi

entitas sepengendali - - (43) - (43) - (43)

Saldo per 30 April 2011 470.000 - (43) 53.432 523.389 10.768 534.157

Selisih
nilai
transaksi
Uang muka restrukturisasi Kepentingan
Modal setoran entitas non- Jumlah
Catatan saham modal sepengendali Laba ditahan Jumlah pengendali ekuitas

Saldo per 1 Januari 2010 20.000 - - 6.598 26.598 - 26.598

Penerbitan saham baru 21 90.000 - - - 90.000 - 90.000

Laba komprehensif periode

berjalan (tidak diaudit) - - - 2.851 2.851 - 2.851

Saldo per 30 April 2010

(tidak diaudit) 110.000 - - 9.449 119.449 - 119.449

Catatan atas laporan keuangan konsolidasian merupakan bagian yang tidak terpisahkan dari laporan keuangan konsolidasian
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DAN ANAK PERUSAHAAN

LAPORAN ARUS KAS KONSOLIDASIAN

UNTUK PERIODE EMPAT BULAN YANG BERAKHIR 30 APRIL 2011 DAN 2010 (TIDAK DIAUDIT)
DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010, 2009, DAN 2008
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain)

30 April 30 April 31 Desember 31 Desember 31 Desember

2011 2010 2010 2009 2008
(tidak diaudit)

Arus kas dari aktivitas operasi

Penerimaan dari pelanggan 245.163 91.107 563.761 343.539 141.146
Pembayaran kepada pemasok (193.226) (43.320) (408.054) (302.765) (112.003)
Pembayaran pajak penghasilan badan (568) (114) (8.148) (3.646) -
Pembayaran kepada karyawan (24.350) (17.924) (59.231) (44.925) (16.551)
Pembayaran iuran ekplorasi (1.588) (3.501) (5.806) (8.472) -
Pembayaran bunga (2.651) (1.626) (3.857) (7.226) (3.082)
(Pembayaran)/penerimaan lain-lain 15.029 13.571 478 18.970 (27.970 )

Arus kas bersih yang diperoleh dari/

(digunakan untuk) aktivitas operasi 37.809 38.193 79.143 (4.525) (18.460)

Arus kas dari aktivitas investasi

Pembelian aset tetap (13.324) (4.023) (25.647) (22.763) (98.143)
Pinjaman yang diberikan kepada perusahaan
yang diakuisisi sebelum akuisisi (12.838) - (107.638) - -
Kenaikan biaya eksplorasi dan
pengembangan yang ditangguhkan (42.291) (14.852) (26.114) (9.368) (8.122)
Akuisisi anak perusahaan, bersih
dari kas yang diterima 3.238 - 3.772 - (998)
Arus kas keluar bersih dari
penjualan anak perusahaan - - - (119) -
Pembayaran untuk hubungan
pelanggan kontraktual tidak berwujud - - (62.937 ) - -

Arus kas bersih yang digunakan

untuk aktivitas investasi (65.215 ) (18.875) (218.564) (32.250) (107.263)

Arus kas dari aktivitas pendanaan

Perolehan kas dari pinjaman 64.874 - 114.055 49.726 119.485
Pembayaran pinjaman (50.142) (108.656) (139.289) (17.129) -
Pembayaran hutang sewa pembiayaan (8.895) (402) (10.878) (2.103) (519)
Perolehan kas dari uang muka
setoran modal - - - - 13.831
Perolehan kas dari penambahan
modal saham 275.569 90.000 180.000 - -
Arus kas bersih yang
diperoleh dari/(digunakan untuk)
aktivitas pendanaan 281.406 (19.058) 143.888 30.494 132.797

Kenaikan/(penurunan) bersih
kas dan setara kas 254.000 260 4.467 (6.281) 7.074

Kas dan setara kas pada awal

periode/tahun 5.867 1.400 1.400 7.681 607

Kas dan setara kas pada akhir

periode/tahun 259.867 1.660 5.867 1.400 7.681

Catatan atas laporan keuangan konsolidasian merupakan bagian yang tidak terpisahkan dari laporan keuangan konsolidasian
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DAN ANAK PERUSAHAAN

LAPORAN ARUS KAS KONSOLIDASIAN (lanjutan)

UNTUK PERIODE EMPAT BULAN YANG BERAKHIR 30 APRIL 2011 DAN 2010 (TIDAK DIAUDIT)
DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010, 2009, DAN 2008
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain)

30 April 30 April 31 Desember 31 Desember 31 Desember

2011 2010 2010 2009 2008
(tidak diaudit)

Aktivitas yang tidak mempengaruhi

arus kas:
Akuisisi aset tetap melalui
sewa pembiayaan 5.907 - 50.133 3.976 1.620
Kenaikan aset tetap melalui kenaikan
penyisihan reklamasi dan penutupan
tambang 1.547 - - 2.055 -
Perolehan hubungan pelanggan kontraktual
tidak berwujud melalui pinjaman 93.895 - - - -
Perolehan hubungan pelanggan kontraktual
tidak berwujud melalui kenaikan
hutang lain-lain 137.602 - - - -
Akuisisi anak perusahaan melalui
penghapusan piutang tidak lancar
lain-lain 66.799 - 53.677 - -
Akuisisi anak perusahaan melalui pinjaman 165.059 - - - -
Kenaikan piutang lain-lain yang disebabkan
penerbitan saham baru - - - 5.569 -
Kenaikan piutang lain-lain yang disebabkan
pelepasan anak perusahaan - - - 499 -
Penurunan hutang lain-lain yang disebabkan
pelepasan anak perusahaan 869 - - - -
Pembayaran pinjaman melalui penghapusan
piutang usaha 2.383 43.246 43.426 - -

Catatan atas laporan keuangan konsolidasian merupakan bagian yang tidak terpisahkan dari laporan keuangan konsolidasian
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DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
30 APRIL 2011 DAN 2010 DAN 31 DESEMBER 2010, 2009, DAN 2008
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain)

1. UMUM

a. Pendirian Perusahaan dan informasi lainnya

PT Atlas Resources Tbk. (dahulu PT Energi Kaltim Persada) (“Perusahaan”) didirikan berdasarkan Akta Notaris
Ilmiawan Dekrit S, S.H., No. 17 tertanggal 26 Januari 2007. Akta Notaris tersebut telah disahkan oleh Menteri Hukum
dan Hak Asasi Manusia Republik Indonesia melalui Surat Keputusan No. W7-06934 HT.01.01-TH.2007 tertanggal 21
Juni 2007 dan diumumkan dalam Tambahan No. 5170 Berita Negara Republik Indonesia No. 15 tertanggal 20
Februari 2009.

Anggaran Dasar Perusahaan telah beberapa kali mengalami perubahan. Perubahan terakhir tercantum dalam Akta
Notaris No. 42 yang dibuat di hadapan Merryana Suryana, S.H., notaris di Jakarta, tertanggal 29 April 2011,
sehubungan dengan penerbitan saham baru Perusahaan. Akta ini telah dilaporkan kepada Menteri Hukum dan Hak
Asasi Manusia Republik Indonesia.

Sesuai dengan Pasal 3 Anggaran Dasar Perusahaan, ruang lingkup usaha Perusahaan adalah dalam bidang
pertambangan, perdagangan, jasa, pembangunan, perindustrian, pengangkutan darat, pertanian, percetakan, dan
perbengkelan.

Perusahaan mulai beroperasi secara komersial pada bulan Maret 2008. Perusahaan berdomisili di Jakarta dan
berlokasi di Sampoerna Strategic Square, South Tower, Lantai 18, Jalan Jenderal Sudirman Kav. 45 – 46, Jakarta
Selatan, Indonesia.

Susunan Dewan Direksi dan Komisaris Perusahaan pada 30 April 2011 dan 2010 dan 31 Desember 2010, 2009, dan
2008 adalah sebagai berikut:

30 April 2011 dan 2010

dan 31 Desember 2010 31 Desember 2009 dan 2008

Komisaris Utama : Pola Winson -

Komisaris : Jay Tjandrawijaya Oentoro Pola Winson

Presiden Direktur : Andre Abdi Andre Abdi

Direktur : Joko Kus Sulistyoko Joko Kus Sulistyoko

Hans Jurgen Kaschull Hans Jurgen Kaschull
Aulia Setiadi -
Antonius Weno -

Pada tanggal 30 April 2011, nama entitas induk dan entitas induk terakhir Perusahaan adalah PT Calorie Viva Utama
(“CVU”) yang mayoritas sahamnya dimiliki oleh Andre Abdi.

30 April 30 April 31 Desember 31 Desember 31 Desember

2011 2010 2010 2009 2008

Jumlah karyawan Grup pada

tanggal neraca (tidak diaudit) 714 303 376 345 259

b. Anak perusahaan

Perusahaan memiliki kepemilikan langsung dan tidak langsung pada anak perusahaan berikut ini:

Persentase kepemilikan (%)

Tahun
Aktivitas operasi 30 April 31 Desember
Anak perusahaan usaha Lokasi komersil 2011 2010 2010 2009 2008
(tidak diaudit)
Kepemilikan langsung

PT Berau Bara Penambangan Kalimantan

Energi (“BBE”) batubara Timur 2008 99,99 8 99,998 99,99 8 99, 998 99, 99 8

PT Citra Tata Penambangan Kalimantan Belum

Makmur (“CTM”) * batubara Timur beroperasi - 99,83 99,83 99,83 99,80

PT Kalbara Energi Penambangan Kalimantan Belum

Pratama (“KEP”) batubara Timur beroperasi 99,83 99,83 99,83 99,83 99,83

PT Papua Inti Penambangan Belum

Energi (“PIE”) batubara Papua beroperasi 90,00 90,00 90,00 90,00 90,00

PT Citra Global Penambangan Kalimantan Belum

Artha (“CGA”) batubara Timur beroperasi 99,80 99,80 99,80 99,80 99,80

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DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
30 APRIL 2011 DAN 2010 DAN 31 DESEMBER 2010, 2009, DAN 2008
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain)

1. UMUM (lanjutan)

b. Anak perusahaan (lanjutan)

Persentase kepemilikan (%)

Tahun
Aktivitas operasi 30 April 31 Desember
Anak perusahaan usaha Lokasi komersil 2011 2010 2010 2009 2008
(tidak diaudit)
Kepemilikan langsung (lanjutan)

PT Sarana Energi
Resources Penambangan Kalimantan
(“SER”) * batubara Timur 2008 - 90,00 90,00 90,00 90,00

PT Aquela
Pratama
Indonesia (“API”) ** Investasi Jakarta - 99,80 - 99,80 - 99,80

PT Optima
Persada
Energi (“OPE”) Investasi Jakarta - 96,00 - - - -

PT Optima Coal (“OC”) Investasi Jakarta - 50,33 - - - -

Kepemilikan tidak langsung

PT Anugerah
Energi (“AE”) Penambangan Sumatera Belum
melalui OC batubara Selatan beroperasi 25,67 - - - -

PT Gorby Putra
Utama (“GPU”) Penambangan Sumatera
melalui API *** batubara Selatan 2011 79,99 - 79,84 - 79,84

PT Gorby Energi
(“GE”) Penambangan Sumatera Belum
melalui API *** batubara Selatan beroperasi 79,99 - 79,84 - 79,84

PT Gorby Global
Energi (“GGE”) Penambangan Sumatera Belum
melalui API *** batubara Selatan beroperasi 79,99 - 79,84 - 79,84

PT Diva Kencana
Borneo (“DKB”) Penambangan Kalimantan
melalui OPE batubara Timur 2010 96,03 - - - -

PT Banyan Koalindo
Lestari (“BKL”) Penambangan Sumatera Belum
melalui OPE batubara Selatan beroperasi 95,08 - - - -

PT Cipta Wana
Dana (“CWD”) Penambangan Sumatera Belum
melalui OPE batubara Selatan beroperasi 62,43 - - - -

PT Karya
Manunggal (“KM”) Penambangan Belum
melalui OPE batubara Papua beroperasi 86,40 - - - -

PT Hanson
Energi (“HE”) Penambangan Sumatera
melalui OPE batubara Selatan 2011 74,43 - - - -

BBE melalui Penambangan Kalimantan

OPE batubara Timur 2008 0,002 - - - -

PT Sriwijaya Bara
Logistik (“SBL”) Sumatera Belum
melalui OPE Logistik Selatan beroperasi 95,08 - - - -

PT Musi Mitra
Jaya (“MMJ”) Sumatera Belum
melalui OPE Logistik Selatan beroperasi 95,08 - - - -

Jumlah aset sebelum eliminasi

30 April 31 Desember
Anak perusahaan 2011 2010 2010 2009 2008
(tidak diaudit)
Kepemilikan langsung

BBE 327.121 232.195 296.730 205.708 113.226

CTM - 538 513 538 576

KEP 2.020 352 1.234 239 450

PIE 664 1.036 659 656 86

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DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
30 APRIL 2011 DAN 2010 DAN 31 DESEMBER 2010, 2009, DAN 2008
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain)

1. UMUM (lanjutan)

b. Anak perusahaan (lanjutan)

Jumlah aset sebelum eliminasi

30 April 31 Desember
Anak perusahaan 2011 2010 2010 2009 2008
(tidak diaudit)
Kepemilikan langsung (lanjutan)

CGA 450 300 449 231 261

SER - 11.681 12.435 4.240 31.130
API 82.113 - 67.108 - 10.698
OPE 339.701 - 12.435 4.240 31.130
OC 36.349 - - - -
Kepemilikan tidak langsung
AE melalui OC 34.194 - - - -
GPU melalui API 73.838 - 61.836 - 10.177
GE melalui API 7.871 - 4.948 - 500
GGE melalui API 823 - 803 - 600

DKB melalui OPE 235.142 - - - -

BKL melalui OPE 13.759 - - - -
CWD melalui OPE 4.958 - - - -
KM melalui OPE 566 - - - -
HE melalui OPE 44.172 - - - -
SBL melalui OPE 2.774 - - - -
MMJ melalui OPE 4.997 - - - -
(*) Didivestasi pada Maret 2011.
(**) A PI didivestasi pada Juli 2009, namun kemudian diperoleh kembali pada September 2010.
(***) GPU, GE, dan GGE didivestasi pada Juli 2009, namun diperoleh kembali pada September 2010 melalui akuisisi API.

Pada laporan keuangan konsolidasian ini, Perusahaan dan anak perusahaannya bersama-sama disebut sebagai
“Grup”.

c. Area pertambangan

Area eksplorasi

Jumlah biaya
eksplorasi dan
pengembangan
Tanggal Tanggal Persentase tangguhan
Nama Nama pemilik perolehan berakhirnya kepemilikan pada tanggal
lokasi izin lokasi izin izin (%) 30 April 2011
Berau KEP 17 Juni 2009 17 Juni 2016 99,83 2.021
Berau CGA 17 Juni 2009 17 Juni 2016 99,80 449
Membaramo PIE 21 September 2007 21 September 2010 90,00 596

Ogan Komering
Ulu Selatan AE 8 Desember 2009 23 Mei 2014 25,67 23.664
Membaramo KM 21 September 2007 21 September 2010 86,40 147
Musi Rawas GGE 7 September 2009 7 September 2014 79,99 223
Musi Rawas GPU 1 Juni 2009 31 Mei 2029 79,99 68.013
Musi Rawas GE 1 Juni 2009 31 Mei 2029 79,99 7.390
Musi Rawas BKL 19 April 2010 18 April 2030 95,08 13.686
Musi Banyuasin CWD 14 Oktober 2009 14 Oktober 2014 62,43 76

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DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
30 APRIL 2011 DAN 2010 DAN 31 DESEMBER 2010, 2009, DAN 2008
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain)

1. UMUM (lanjutan)

c. Area pertambangan (lanjutan)

Area eksplorasi (lanjutan)

Sumber daya batubara terukur dan terunjuk per tanggal 30 April 2011 di GPU, GE, dan BKL berdasarkan laporan
yang dikeluarkan oleh geologis independen, Runge, di bulan Mei 2011 masing-masing sebesar 42 juta metrik ton, 9
juta metrik ton, dan 10 juta metrik ton. Jumlah ini tidak diaudit.

Sampai dengan tanggal laporan keuangan konsolidasian ini, Grup masih dalam proses memperbaharui izin
eksplorasi KM dan PIE.

Area eksploitasi

Jumlah Jumlah
cadangan sumber daya
terbukti terukur dan
Tanggal Tanggal Persentase dan terduga terunjuk
Nama pemilik perolehan berakhirnya kepemilikan (dalam jutaan (dalam jutaan
Lokasi izin lokasi izin izin (%) metrik ton) (metrik ton)

Berau BBE 7 April 2010 7 April 2030 99,998 - 5,8

Kutai
Barat DKB 18 Agustus 2009 18 Agustus 2029 96,03 0,9 -

(*) Jumlah per tanggal 30 April 2011 di atas berdasarkan laporan yang dikeluarkan oleh Runge, geologis independen pada bulan Mei 2011.
Jumlah ini tidak diaudit.

(**) Grup juga memiliki izin eksploitasi di Ogan Komering Ulu dan Ogan Komering Ulu Timur atas nama HE, namun tidak dimasukkan pada
tabel di atas karena laporan yang dikeluarkan oleh Runge tidak memuat data cadangan dan/atau sumber daya batubara yang ada di lokasi
tersebut.

2. IKHTISAR KEBIJAKAN AKUNTANSI PENTING

Laporan keuangan konsolidasian Grup disusun dan diselesaikan oleh Direksi dan diotorisasi untuk diterbitkan pada
tanggal 20 Juni 2011, kecuali untuk Catatan 40 yang diselesaikan pada tanggal 5 September 2011.

Berikut ini adalah kebijakan akuntansi penting yang diterapkan dalam penyusunan laporan keuangan konsolidasian Grup
yang sesuai dengan Standar Akuntansi Keuangan Indonesia. Laporan keuangan konsolidasian ini juga disusun
berdasarkan Peraturan Badan Pengawas Pasar Modal dan Lembaga Keuangan (“BAPEPAM-LK”) No. VIII.G.7 mengenai
Pedoman Penyajian Laporan Keuangan dan Surat Edaran Ketua BAPEPAM-LK No. SE-02/BL/2008 tanggal 31 Januari
2008 (sebagaimana diubah berdasarkan Surat Keputusan Ketua BAPEPAM-LK No. KEP-554/BL/2010) mengenai
Pedoman Penyajian dan Pengungkapan Laporan Keuangan Emiten atau Perusahaan Publik Industri Pertambangan
Umum.

a. Dasar penyusunan laporan keuangan konsolidasian

Laporan keuangan konsolidasian telah disusun dengan dasar harga perolehan, kecuali dinyatakan lain. Mata uang
pelaporan yang digunakan dalam penyusunan laporan keuangan konsolidasian adalah Rupiah Indonesia (“Rupiah”
atau “Rp”).

Laporan keuangan konsolidasian disusun berdasarkan konsep akrual, kecuali untuk laporan arus kas konsolidasian.
Laporan arus kas konsolidasian disusun menggunakan metode langsung dengan mengklasifikasikan arus kas
berdasarkan aktivitas operasi, investasi, dan pendanaan.

Transaksi restrukturisasi antara entitas sepengendali dibukukan menggunakan metode penyatuan kepemilikan
(pooling-of-interests). Selisih antara harga pengalihan dengan nilai buku setiap transaksi restrukturisasi antara
entitas sepengendali dibukukan dalam akun “Selisih Nilai Transaksi Restrukturisasi Entitas Sepengendali” pada
bagian ekuitas dalam laporan posisi keuangan (neraca) konsolidasian.

Seluruh angka dalam laporan keuangan konsolidasian ini disajikan dalam jutaan Rupiah (“Rp”), kecuali dinyatakan
lain.

b. Prinsip-prinsip konsolidasian

(i) Anak perusahaan

Anak perusahaan adalah entitas (mencakup juga special purpose entities) di mana Grup memiliki kekuasaaan
untuk mengatur kebijakan keuangan dan operasional untuk memperoleh manfaat dari aktivitas anak perusahaan
tersebut yang secara umum disertai dengan kepemilikan hak suara mayoritas. Keberadaan dan dampak dari hak
suara potensial yang saat ini dapat dilaksanakan atau dikonversi dipertimbangkan ketika menilai apakah Grup
mempunyai pengendalian atas entitas lainnya. Anak perusahaan dikonsolidasikan sejak tanggal dimana
pengendalian dipindahkan ke Grup. Anak perusahaan dihentikan konsolidasiannya sejak tanggal hilangnya
pengendalian.

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DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
30 APRIL 2011 DAN 2010 DAN 31 DESEMBER 2010, 2009, DAN 2008
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain)

2. IKHTISAR KEBIJAKAN AKUNTANSI PENTING (lanjutan)

b. Prinsip-prinsip konsolidasian (lanjutan)

(i) Anak perusahaan (lanjutan)

Dalam menyusun laporan keuangan konsolidasian, transaksi, saldo, dan keuntungan yang belum terealisasi
pada transaksi intra grup dieliminasi. Kerugian yang belum terealisasi juga dieliminasi setelah
mempertimbangkan indikator penurunan nilai. Kebijakan akuntansi dari anak perusahaan bila perlu diubah untuk
memastikan konsistensi dengan kebijakan akuntansi Grup.

Pada saat pelepasan investasi anak perusahaan, perbedaan antara penerimaan yang diperoleh dari pelepasan
tersebut dan nilai tercatat investasinya diakui dalam laporan laba/(rugi) komprehensif konsolidasian.

(ii) Akuisisi bisnis

Metode akuisisi digunakan untuk mencatat kombinasi bisnis yang dilakukan oleh Grup. Imbalan yang dialihkan
untuk akuisisi anak perusahaan tersebut merupakan penjumlahan nilai wajar aset yang diperoleh, liabilitas yang
diambil alih, dan kepentingan ekuitas yang diterbitkan oleh Grup. Imbalan yang dialihkan juga mencakup nilai
wajar dari imbalan kontinjensi dan nilai wajar dari kepentingan ekuitas yang telah ada sebelumnya pada anak
perusahaan tersebut. Biaya terkait dengan akuisisi dibebankan pada saat terjadinya.

Aset teridentifikasi yang diperoleh serta liabilitas dan liabilitas kontinjen yang diambil-alih dalam kombinasi bisnis,
dengan pengecualian tertentu, pada awalnya diukur dengan nilai wajar pada tanggal akuisisi. Seli sih lebih dari
(a) jumlah imbalan yang dialihkan; (b) jumlah setiap kepentingan non-pengendali pada pihak yang diakuisisi; dan
(c) nilai wajar kepentingan ekuitas yang sebelumnya dimiliki oleh pihak yang diakuisisi pada tanggal akuisisi, atas
nilai wajar dari kepemilikan Grup atas aset bersih teridentifikasi yang diakuisisi, dicatat sebagai goodwill. Jika
lebih kecil dari nilai wajar atas aset bersih dari anak perusahaan yang diakuisisi dalam hal pembelian dengan
diskon, selisihnya diakui secara langsung ke laporan laba/(rugi) komprehensif konsolidasian.

Properti pertambangan merupakan penyesuaian nilai wajar atas aset bersih yang diperoleh pada tanggal akuisisi
terhadap harga perolehan aset tersebut yang merupakan aset teridentifikasi berupa cadangan atau sumber daya
batubara dan dinyatakan pada harga perolehan. Properti pertambangan diamortisasi dengan menggunakan
metode garis lurus selama periode yang mana lebih pendek antara sisa umur konsesi atau sisa umur tambang
dihitung dari tanggal dimulainya produksi komersial.

(iii) Pelepasan anak perusahaan

Ketika terjadi perubahan bagian kepemilikan Perusahaan pada anak perusahaan yang berakibat pada hilangnya
pengendalian atas anak perusahaan, aset dan liabilitas anak perusahaan tersebut, termasuk properti
pertambangan dihentikan pengakuannya. Jumlah yang diakui dalam pendapatan komprehensif lain-lain terkait
entitas tersebut juga direklasifikasi ke laporan laba/(rugi) komprehensif konsolidasian atau ditransfer langsung ke
laba ditahan jika disyaratkan oleh standar akuntansi tertentu. Sisa investasi pada anak perusahaan terdahulu
dinilai kembali pada nilai wajarnya. Perbedaan antara jumlah tercatat dari sisa investasi pada tanggal hilangnya
pengendalian dan nilai wajarnya diakui pada laporan laba/(rugi) komprehensif konsolidasian.

(iv) Transaksi dengan kepentingan non-pengendali

Grup memperlakukan transaksi dengan kepentingan non-pengendali sebagai transaksi dengan pemilik ekuitas
grup. Untuk penambahan bagian kepemilikan yang berasal dari kepentingan non -pengendali, selisih antara
imbalan yang dialihkan dengan bagian kepemilikan atas nilai aset bersih anak perusahaan yang diperoleh dicatat
sebagai transaksi ekuitas. Keuntungan atau kerugian pelepasan bagian kepemilikan kepada kepentingan non-
pengendali juga dicatat sebagai transaksi ekuitas.

c. Penjabaran mata uang asing

Transaksi dalam mata uang selain mata uang Rupiah dijabarkan menjadi Rupiah menggunakan kurs yang berlaku
pada tanggal transaksi. Pada tanggal neraca, aset dan liabilitas moneter dalam mata uang selain Rupiah dijabarkan
menjadi Rupiah dengan kurs yang berlaku pada tanggal tersebut. Keuntungan dan kerugian selisih kurs yang berasal
dari penjabaran aset dan liabilitas moneter dalam mata uang selain Rupiah diakui dalam laporan laba/(rugi)
komprehensif konsolidasian.

Kurs yang digunakan pada tanggal neraca, berdasarkan kurs tengah yang diterbitkan Bank Indonesia adalah
sebagai berikut (nilai penuh):

30 April 30 April 31 Desember 31 Desember 31 Desember

2011 2010 2010 2009 2008
(tidak diaudit)
Dolar Amerika Serikat
(“AS$”) setara dengan Rp 8.574 9.012 8.991 9.400 10.950

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DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
30 APRIL 2011 DAN 2010 DAN 31 DESEMBER 2010, 2009, DAN 2008
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain)

2. IKHTISAR KEBIJAKAN AKUNTANSI PENTING (lanjutan)

d. Kas dan setara kas

Kas merupakan alat pembayaran yang siap dan bebas dipergunakan untuk membiayai kegiatan umum perusahaan.

Setara kas adalah investasi yang sifatnya sangat likuid, berjangka pendek, dan dengan cepat dapat dijadikan kas
dalam jumlah yang telah diketahui tanpa menghadapi risiko perubahan nilai yang signifikan. Instrumen yang dapat
diklasifikasikan sebagai setara kas antara lain adalah:

(i) Deposito berjangka yang akan jatuh tempo dalam waktu 3 (tiga) bulan atau kurang dari tanggal
penempatannya serta tidak dijaminkan; dan
(ii) Instrumen pasar uang yang diperoleh dan dapat dicairkan dalam jangka waktu tidak lebih dari 3 (tiga) bulan.

Kas dan setara kas yang telah ditentukan penggunaannya atau yang tidak dapat digunakan secara bebas tidak
tergolong dalam kas dan setara kas.

e. Piutang usaha dan piutang lain-lain

Piutang usaha adalah jumlah tagihan dari pelanggan untuk batubara yang dijual atau jasa yang diberikan dalam
transaksi bisnis pada umumnya. Piutang lain-lain adalah jumlah tagihan dari pihak ketiga atau pihak yang berelasi di
luar kegiatan usaha. Jika pembayaran piutang diharapkan selesai dalam satu tahun atau kurang (atau dalam siklus
normal operasi dari bisnis jika lebih lama), piutang tersebut dikelompokkan sebagai aset lancar. Jika tidak, piutang
tersebut disajikan sebagai aset tidak lancar.

Piutang usaha dan piutang lain-lain pada awalnya diakui sebesar nilai wajar dan kemudian diukur pada biaya
perolehan diamortisasi dengan menggunakan metode suku bunga efektif, dikurangi dengan penyisihan untuk
penurunan nilai.

Sebelum adopsi Pernyataan Standar Akuntansi Keuangan (“PSAK”) 50 (Revisi 2006) dan PSAK 55 (Revisi 2006) di
tahun 2010, piutang usaha diakui pada nilai perolehan dan disajikan pada nilai estimasi kolektibilitas saldo piutang
berdasarkan telaah manajemen terhadap status masing-masing saldo piutang pada akhir periode.

f. Persediaan

Persediaan batubara merupakan batubara yang menjadi hak Grup dan dinilai berdasarkan nilai terendah antara
harga perolehan atau nilai realisasi bersih. Harga perolehan ditentukan dengan metode rata-rata bergerak yang
mencakup alokasi komponen biaya bahan baku, tenaga kerja, penyusutan, dan biaya tidak langsung yang berkaitan
dengan kegiatan pertambangan. Nilai realisasi bersih adalah estimasi nilai penjualan dalam kondisi bisnis normal
setelah dikurangi dengan estimasi biaya penyelesaian dan biaya penjualan.

Persediaan bahan bakar dinilai berdasarkan harga perolehan yang ditentukan dengan metode rata-rata tertimbang
setelah dikurangi dengan penyisihan atas persediaan yang sudah usang, jika ada. Persediaan bahan bakar dicatat
sebagai biaya produksi pada saat digunakan.

g. Transaksi dengan pihak yang berelasi

Grup telah melakukan transaksi dengan pihak yang berelasi. Pihak yang berelasi adalah orang atau entitas yang
terkait dengan Grup.

Orang atau anggota keluarga terdekat mempunyai relasi dengan Grup jika mereka:

(i) Memiliki pengendalian atau pengendalian bersama atas Grup;

(ii) Memiliki pengaruh signifikan atas Grup; atau
(iii) Merupakan personil manajemen kunci Grup atau entitas induk Grup.

Suatu entitas berelasi dengan Grup jika memenuhi salah satu hal berikut:

(i) Entitas dan Grup adalah anggota dari kelompok usaha yang sama (artinya entitas induk, entitas anak, dan
entitas rekanan terkait dengan entitas lain);
(ii) Satu entitas adalah entitas asosiasi atau ventura bersama dari entitas lain (atau entitas asosiasi atau ventura
bersama yang merupakan anggota suatu kelompok usaha, yang mana entitas tersebut adalah anggotanya);
(iii) Kedua entitas tersebut adalah ventura bersama dari pihak ketiga yang sama;
(iv) Satu entitas adalah ventura bersama dari entitas ketiga dan entitas yang lain adalah entitas asosiasi dari entitas
ketiga;
(v) Entitas tersebut adalah suatu program imbalan pasca kerja untuk imbalan pasca kerja dari salah satu Grup atau
entitas yang terkait dengan Grup. Jika Grup adalah entitas yang menyelenggarakan program tersebut, maka
entitas sponsor juga berelasi dengan Grup;
(vi) Entitas yang dikendalikan atau dikendalikan bersama oleh orang atau anggota keluarga terdekat yang
memenuhi definisi pihak yang berelasi; atau
(vii) Orang atau anggota keluarga terdekat yang diidentifikasi pada huruf (i) di atas, memiliki pengaruh signifikan
atas entitas atau personil manajemen kunci entitas (atau entitas induk dari entitas).

Sifat transaksi yang berkaitan dengan pihak yang berelasi telah diungkapkan dalam laporan keuangan konsolidasian.
Transaksi tersebut dilakukan dengan ketentuan yang telah disetujui oleh masing-masing pihak.

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(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain)

2. IKHTISAR KEBIJAKAN AKUNTANSI PENTING (lanjutan)

h. Aset tetap dan penyusutan

Tanah diakui sebesar harga perolehan dan tidak disusutkan.

Pada awalnya, semua aset tetap diakui sebesar harga perolehan dan setelahnya, kecuali tanah, dicatat pada harga
perolehan dikurangi akumulasi penyusutan dan akumulasi kerugian penurunan nilai.

Aset tetap, kecuali tanah, disusutkan hingga mencapai estimasi nilai sisa menggunakan metode garis lurus selama
estimasi masa manfaatnya sebagai berikut:

Tahun

Bangunan 10 – 20
Infrastruktur 10
Mesin dan peralatan 4 – 16
Kendaraan 4–8
Perlengkapan kantor 4–8

Biaya-biaya setelah pengakuan awal aset diakui sebagai bagian dari nilai tercatat aset atau sebagai aset yang
terpisah, sebagaimana mestinya, hanya apabila kemungkinan besar Grup akan mendapatkan manfaat ekonomis
masa depan berkenaan dengan aset tersebut dan biaya perolehan aset dapat diukur dengan handal. Nilai tercatat
komponen yang diganti tidak lagi diakui. Biaya perbaikan dan pemeliharaan dibebankan ke dalam laporan laba/(rugi)
komprehensif konsolidasian dalam periode dimana biaya-biaya tersebut terjadi.

Apabila suatu aset tetap sudah tidak digunakan atau dijual, nilai tercatat, dan akumulasi penyusutannya dikeluarkan
dari laporan keuangan konsolidasian, dan keuntungan dan kerugian yang timbul diakui dalam laporan laba/(rugi)
komprehensif konsolidasian.

Masa manfaat aset dan nilai sisa dievaluasi dan disesuaikan, jika diperlukan, pada setiap tanggal neraca. Efek dari
setiap penyesuaian ini diakui dalam laporan laba/(rugi) komprehensif konsolidasian secara prospektif.

Nilai tercatat aset diturunkan segera ke nilai pemulihannya jika nilai tercatat aset tersebut lebih tinggi dari pada nilai
pemulihan yang diestimasikan.

Keuntungan dan kerugian yang timbul dari pelepasan ditentukan dengan membandingkan perolehan kas dengan
nilai tercatat dan diakui di “biaya lain-lain, bersih” pada laporan laba/(rugi) komprehensif konsolidasian.

Akumulasi biaya konstruksi bangunan dan fasilitas tempat penambangan serta pemasangan mesin dikapitalisasi
sebagai aset dalam penyelesaian. Biaya-biaya tersebut direklasifikasi ke akun aset tetap pada saat proses konstruksi
atau pemasangan selesai. Saat dimulainya penyusutan dan pembebanan biaya penyusutan diatur sebagai berikut:

(i) Aset tetap yang dipergunakan langsung dalam proses produksi, penyusutannya mulai dihitung pada saat
produksi komersial dimulai dan biaya penyusutannya dibebankan sebagai biaya produksi.
(ii) Aset tetap yang tidak dipergunakan langsung dalam proses produksi, penyusutannya dimulai pada saat
selesainya pekerjaan konstruksi aset tetap yang bersangkutan dan biaya penyusutannya dibebankan sebagai
beban usaha periode berjalan.

i. Penurunan nilai dari aset non-keuangan

Pada tanggal neraca, Grup melakukan telaah untuk menentukan ada tidaknya indikasi penurunan nilai aset.

Aset yang memiliki umur yang tidak pasti (misal: goodwill) tidak diamortisasi dan akan diuji setiap tahun apabila
mengalami penurunan nilai. Aset tetap, aset tidak berwujud (misal: hubungan pelanggan kontraktual tidak berwujud),
dan aset non-keuangan, ditelaah untuk mengetahui apakah telah terjadi kondisi atau perubahan yang
mengindikasikan bahwa nilai tercatat aset tidak dapat diperoleh kembali secara penuh. Kerugian akibat penurunan
nilai diakui sebesar selisih antara nilai tercatat aset dengan nilai yang dapat diperoleh kembali dari aset tersebut.
Nilai yang dapat diperoleh kembali adalah yang lebih tinggi antara harga jual bersih atau nilai pakai aset. Dalam
rangka menguji penurunan nilai aset, aset dikelompokkan hingga unit terkecil yang menghasilkan arus kas terpisah.
Pemulihan penyisihan penurunan nilai (kecuali goodwill) diakui sebagai pendapatan dalam periode dimana
pemulihan tersebut terjadi. Penurunan nilai goodwill tidak dapat dipulihkan setelahnya.

j. Biaya eksplorasi dan pengembangan yang ditangguhkan

Biaya eksplorasi dikapitalisasi dan ditangguhkan, berdasarkan area of interest, apabila memenuhi salah satu dari
ketentuan berikut ini:

(i) Biaya tersebut diharapkan dapat diperoleh kembali melalui keberhasilan pengembangan dan eksploitasi area of
interest tersebut atau melalui penjualan area of interest tersebut; atau
(ii) Kegiatan eksplorasi dalam area of interest belum mencapai tahap yang memungkinkan penentuan adanya
cadangan terbukti yang secara ekonomis dapat diperoleh, serta kegiatan yang aktif dan signifikan dalam, atau
berhubungan dengan, area of interest tersebut masih berlanjut.

Pemulihan biaya eksplorasi yang ditangguhkan tergantung pada suksesnya pengembangan dan eksploitasi secara
komersial, atau penjualan dari area of interest yang terkait. Setiap area of interest ditelaah pada setiap akhir periode
akuntansi. Biaya eksplorasi yang terkait pada suatu area of interest yang telah ditinggalkan atau yang telah
diputuskan Direksi Grup bahwa area of interest tidak layak secara ekonomis, dihapuskan pada periode keputusan
tersebut dibuat.
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DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
30 APRIL 2011 DAN 2010 DAN 31 DESEMBER 2010, 2009, DAN 2008
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain)

2. IKHTISAR KEBIJAKAN AKUNTANSI PENTING (lanjutan)

j. Biaya eksplorasi dan pengembangan yang ditangguhkan (lanjutan)

Biaya pengembangan tambang dan biaya-biaya lain yang terkait dengan pengembangan suatu area of interest yang
terjadi sebelum dimulainya operasi dari area tersebut, sepanjang memenuhi kriteria untuk penangguhan, akan
dikapitalisasi.

Biaya eksplorasi dan pengembangan yang ditangguhkan mencakup akumulasi biaya yang terkait dengan
penyelidikan umum, administrasi dan perizinan, geologi dan geofisika, dan biaya-biaya yang terjadi untuk
mengembangkan area tambang sebelum dimulainya produksi Grup secara komersial. Biaya eksplorasi dan
pengembangan yang ditangguhkan diamortisasi dengan menggunakan metode berbasis unit produksi sejak area of
interest tersebut telah berproduksi secara komersial, selama periode waktu yang lebih pendek antara umur tambang
dan sisa berlakunya Izin Usaha Pertambangan (“IUP”).

Biaya bunga dan biaya pinjaman lain, seperti biaya atas pinjaman baik yang secara langsung maupun tidak langsung
digunakan untuk mendanai kegiatan eksplorasi dan pengembangan yang memenuhi syarat, dikapitalisasi sampai
kegiatan eksplorasi dan pengembangan tersebut selesai. Untuk pinjaman yang dapat diatribusikan secara langsung
pada suatu kegiatan tertentu yang memenuhi syarat, jumlah yang dikapitalisasi adalah sebesar biaya pinjaman yang
terjadi selama periode atau tahun berjalan, dikurangi pendapatan investasi jangka pendek dari pinjaman tersebut.
Untuk pinjaman yang tidak dapat diatribusikan secara langsung pada suatu kegiatan tertentu yang memenuhi syarat,
jumlah biaya pinjaman yang dikapitalisasi ditentukan dengan mengalikan tingkat kapitalisasi dengan pengeluaran
untuk kegiatan eksplorasi dan pengembangan. Tingkat kapitalisasi adalah rata-rata tertimbang biaya pinjaman dibagi
dengan jumlah pinjaman dari suatu periode tertentu, tidak termasuk pinjaman yang secara khusus digunakan untuk
mendanai kegiatan eksplorasi dan pengembangan.

k. Sewa

Suatu sewa dimana porsi yang signifikan atas risiko dan manfaat kepemilikan aset masih tetap berada di tangan
lessor, maka sewa tersebut diklasifikasikan sebagai sewa operasi. Pembayaran sewa operasi (dikurangi dengan
insentif yang diterima dari lessor) dibebankan ke laporan laba/(rugi) komprehensif konsolidasian atas dasar garis
lurus selama masa sewa.

Sewa aset tetap dimana Grup secara substansial memiliki seluruh risiko dan manfaat kepemilikan aset
diklasifikasikan sebagai sewa pembiayaan. Sewa pembiayaan dikapitalisasi pada awal masa sewa sebesar nilai
wajar aset sewa atau sebesar nilai kini pembayaran sewa minimum, jika nilai kini lebih rendah dari nilai wajar.

Setiap pembayaran sewa dialokasikan antara bagian pelunasan liabilitas dan biaya keuangan sedemikian rupa
sehingga menghasilkan tingkat suku bunga yang konstan atas saldo pembiayaan. Unsur bunga dalam biaya
keuangan dibebankan di laporan laba/(rugi) komprehensif konsolidasian selama masa sewa sedemikian rupa
sehingga menghasilkan suatu tingkat suku bunga periodik yang konstan atas saldo liabilitas setiap periode. Aset
tetap yang diperoleh melalui sewa pembiayaan disusutkan dengan metode yang sama dengan metode penyusutan
aset tetap yang dimiliki sendiri. Jika tidak terdapat kepastian yang memadai bahwa Grup akan memiliki aset tersebut
pada akhir masa sewa, maka aset tersebut disusutkan selama jangka waktu yang lebih pendek antara umur manfaat
aset dan masa sewa.

l. Hutang usaha

Hutang usaha adalah kewajiban untuk membayar atas barang atau jasa yang telah diperoleh dari pemasok dalam
transaksi bisnis pada umumnya. Hutang usaha dikelompokkan sebagai liabilitas lancar apabila pembayaran jatuh
tempo dalam waktu satu tahun atau kurang (atau dalam siklus normal operasi dari bisnis jika lebih lama). Jika tidak,
hutang usaha tersebut disajikan sebagai liabilitas tidak lancar.

Hutang usaha pada awalnya diakui pada nilai wajar dan kemudian diukur pada harga perolehan diamortisasi dengan
menggunakan metode suku bunga efektif.

Sebelum adopsi PSAK 50 (Revisi 2006) dan PSAK 55 (Revisi 2006) di tahun 2010, hutang usaha diakui pada nilai
perolehan.

m. Pinjaman

Pinjaman diakui pada awalnya pada nilai wajar, dikurangi dengan biaya transaksi yang terjadi. Pinjaman kemudian
dinyatakan pada biaya perolehan diamortisasi. Selisih antara hasil perolehan (dikura ngi dengan biaya transaksi) dan
nilai pelepasan diakui di dalam laporan laba/(rugi) komprehensif konsolidasian selama periode pinjaman dengan
menggunakan metode suku bunga efektif untuk pinjaman dengan tingkat bunga tetap dan metode garis lurus untuk
pinjaman dengan suku bunga mengambang.

Biaya-biaya yang dibayarkan untuk mendapatkan fasilitas pinjaman diakui sebagai biaya transaksi dari pinjaman
tersebut, apabila besar kemungkinan akan dilakukan penarikan atas sebagian atau seluruh fasilitas tersebut. Dalam
hal ini, biaya tersebut ditangguhkan sampai dengan penarikan dilakukan. Apabila tidak ada bukti bahwa besar
kemungkinan akan dilakukan penarikan atas sebagian atau seluruh fasilitas tersebut, biaya tersebut dikapitalisasi
sebagai pembayaran di muka untuk jasa likuiditas dan diamortisasi selama periode dari fasilitas yang terkait.

Pinjaman diklasifikasikan sebagai liabilitas lancar kecuali Grup mempunyai hak tanpa syarat untuk menunda
penyelesaian liabilitas tersebut untuk setidaknya 12 bulan setelah tanggal neraca.

Sebelum adopsi PSAK 50 (Revisi 2006) dan PSAK 55 (Revisi 2006) di tahun 2010, pinjaman diakui pada nilai
perolehan.
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(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain)

2. IKHTISAR KEBIJAKAN AKUNTANSI PENTING (lanjutan)

n. Imbalan karyawan

(i) Kewajiban imbalan pasca masa kerja

Program pensiun imbalan pasti adalah program pensiun yang menentukan jumlah imbalan pensiun yang akan
diberikan, biasanya berdasarkan pada satu faktor atau lebih seperti usia, masa kerja, dan kompensasi.

Grup harus menyediakan imbalan pensiun dengan jumlah minimal berdasarkan Peraturan Grup (“Peraturan”)
atau berdasarkan UU Ketenagakerjaan, mana yang lebih tinggi. Karena UU Ketenagakerjaan atau Peraturan
menentukan rumus tertentu untuk menghitung jumlah minimal imbalan pensiun, pada dasarnya, program
pensiun berdasarkan UU Ketenagakerjaan atau Peraturan adalah program imbalan pasti.

Liabilitas program pensiun imbalan pasti yang diakui dalam laporan posisi keuangan (neraca) konsolidasian
adalah nilai kini kewajiban imbalan pasti sesuai dengan UU Ketenagakerjaan No. 13/2003 pada tanggal neraca
dikurangi nilai wajar aset program, serta disesuaikan dengan keuntungan/kerugian aktuarial dan biaya jasa lalu
yang belum diakui. Besarnya kewajiban imbalan pasti ditentukan berdasarkan perhitungan aktuaris independen
yang dilakukan secara periodik menggunakan metode projected unit credit. Nilai kini kewajiban imbalan pasti
ditentukan dengan mendiskonto estimasi arus kas keluar masa depan menggunakan tingkat suku bunga
obligasi pemerintah (mengingat saat ini belum ada pasar yang aktif untuk obligasi perusahaan yang berkualitas
tinggi) dalam mata uang yang sama dengan mata uang imbalan uang akan dibayarkan dan waktu jatuh tempo
yang kurang lebih sama dengan waktu jatuh tempo imbalan yang bersangkutan.

Biaya-biaya yang dibebankan dalam laporan laba/(rugi) komprehensif konsolidasian meliputi biaya jasa kini,
bunga atas kewajiban, amortisasi biaya jasa lalu, dan keuntungan/kerugian aktuarial. Liabilitas jasa lalu
diamortisasi dengan dasar garis lurus selama rata-rata periode jasa yang diestimasikan sampai imbalan
menjadi vested.

Keuntungan dan kerugian aktuarial dapat timbul dari penyesuaian yang dibuat berdasakan pengalaman,
perubahan asumsi-asumsi aktuarial, dan perubahan pada program pensiun. Apabila jumlah keuntungan dan
kerugian aktuarial ini melebihi 10% dari kewajiban imbalan pasti atau 10% dari nilai wajar aset program,
kelebihannya dibebankan atau dikreditkan pada pendapatan atau biaya selama sisa masa kerja rata-rata para
karyawan yang bersangkutan.

(ii) Pesangon pemutusan kontrak kerja

Pesangon pemutusan hubungan kerja terhutang pada saat karyawan diberhentikan sebelum usia pensiun
normal. Grup mengakui pesangon pemutusan hubungan kerja pada saat Grup menunjukkan komitmennya
untuk melakukan pemutusan hubungan kerja dengan karyawan berdasarkan suatu rencana formal terinci yang
kecil kemungkinannya untuk dibatalkan.

o. Pengakuan pendapatan dan biaya

Pendapatan usaha berasal dari penjualan batubara dan pemberian jasa Grup.

Pendapatan dari penjualan batubara diakui pada saat terpenuhinya seluruh kondisi berikut:

(i) Grup telah memindahkan risiko secara signifikan dan manfaat kepemilikan barang kepada pembeli;
(ii) Grup tidak lagi mengelola atau melakukan pengendalian efektif atas barang yang dijual;
(iii) Jumlah pendapatan tersebut dapat diukur dengan andal;
(iv) Besar kemungkinan manfaat ekonomi yang dihubungkan dengan transaksi akan mengalir kepada Grup; dan
(v) Biaya yang terjadi atau yang akan terjadi sehubungan transaksi penjualan dapat diukur dengan andal.

Bila suatu transaksi penjualan jasa dapat diestimasi dengan andal, pendapatan sehubungan dengan transaksi
tersebut diakui dengan mengacu pada tingkat penyelesaian transaksi tersebut pada tanggal neraca. Hasil transaksi
dapat diestimasi dengan andal pada saat terpenuhinya seluruh kondisi berikut:

(i) Jumlah pendapatan dapat diukur dengan andal;

(ii) Besar kemungkinan manfaat ekonomi sehubungan dengan transaksi tersebut akan diperoleh Grup;
(iii) Tingkat penyelesaian dari transaksi tersebut pada tanggal neraca dapat diukur dengan andal; dan
(iv) Biaya yang terjadi untuk transaksi dan untuk menyelesaikan transaksi tersebut dapat diukur dengan andal.

Bila hasil transaksi penjualan jasa tidak dapat diestimasi dengan andal, pendapatan yang diakui hanya sebesar biaya
yang telah diakui yang dapat diperoleh kembali.

Biaya diakui pada saat terjadinya dengan dasar akrual.

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DAN ANAK PERUSAHAAN
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(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain)

2. IKHTISAR KEBIJAKAN AKUNTANSI PENTING (lanjutan)

p. Kewajiban pengelolaan lingkungan hidup

Pengeluaran yang terkait dengan pemulihan, rehabilitasi, dan lingkungan yang timbul selama tahap produksi
dibebankan sebagai biaya berkaitan dengan pendapatan pada saat terjadinya.

Cadangan untuk pembongkaran, pemindahan, dan restorasi dicatat untuk mengakui kewajiban hukum berkaitan
dengan penghentian operasi aset jangka panjang yang berasal dari akuisisi, konstruksi atau pengembangan
dan/atau operasi normal aset jangka panjang. Penghentian operasi aset jangka panjang ini adalah penghentian
operasi selain penghentian sementara pemakaian, termasuk penjualan, pembuangan, pendaurulangan atau
penghapusan dengan cara lain.

Kewajiban ini diakui sebagai hutang pada saat timbulnya kewajiban hukum yang berkaitan dengan penarikan sebuah
aset, dan pada awalnya diakui sebesar nilai wajarnya. Kewajiban ini bertambah dari waktu ke waktu sampai
mencapai jumlah penuh melalui pembebanan ke laporan laba/(rugi) komprehensif konsolidasian. Di samping itu,
biaya penghentian operasi aset dalam jumlah yang setara dengan jumlah liabilitas dikapitalisasi sebagai bagian dari
suatu aset tertentu dan kemudian disusutkan atau dideplesi selama masa manfaat aset tersebut.

Liabilitas penghentian operasi aset dibebankan pada lebih dari satu periode pelaporan, jika kejadian yang
menimbulkan kewajiban itu timbul lebih dari satu periode pelaporan. Setiap penambahan liabilitas yang terjadi
setelah periode pelaporan dianggap sebagai tambahan lapisan liabilitas awal. Setiap tambahan lapisan liabilitas akan
diakui sebesar nilai wajar. Tambahan ini akan diukur, diakui, dan dicatat secara prospektif. Liabilitas ini sebagian
besar terdiri dari biaya-biaya yang berkaitan dengan reklamasi tambang, pembongkaran dan pemindahan fasilitas,
dan aktivitas penutupan.

Untuk hal-hal yang berkaitan dengan lingkungan yang mungkin tidak berkaitan dengan penghentian operasi aset,
dimana Grup merupakan pihak yang bertanggung jawab atas liabilitas tersebut dan liabilitas tersebut ada dan
jumlahnya bisa diukur, Grup mencatat estimasi liabilitas tersebut. Dalam menentukan keberadaan liabilitas yang
berkaitan dengan isu lingkungan tersebut, Grup mengacu pada kriteria pengakuan liabilitas sesuai dengan standar
akuntansi yang berlaku.

q. Perpajakan

Biaya pajak untuk suatu periode terdiri dari pajak kini dan pajak tangguhan. Biaya pajak diakui dalam laporan
laba/(rugi) komprehensif konsolidasian, kecuali jika pajak itu berkaitan dengan kejadian atau transaksi yang langsung
dicatat ke ekuitas. Pada kasus ini, biaya pajak juga dicatat secara langsung di ekuitas.

Semua perbedaan temporer antara jumlah tercatat aset dan liabilitas di dalam laporan keuangan konsolidasian
dengan dasar pengenaan pajaknya diakui sebagai pajak penghasilan tangguhan menggunakan metode liabilitas
neraca. Akan tetapi, pajak penghasilan tangguhan tidak diperhitungkan jika timbul dari pengakuan awal aset atau
liabilitas dari transaksi selain penggabungan perusahaan yang pada saat transaksi tidak mempengaruhi laba atau
rugi akuntansi atau pajak. Tarif pajak yang digunakan oleh Grup, selain untuk menghitung pajak penghasilan
tangguhan adalah tarif pajak yang berlaku atau yang secara substansial telah berlaku.

Aset pajak tangguhan yang berasal dari manfaat pajak masa mendatang dan saldo rugi fiskal yang dapat
dikompensasi akan diakui apabila besar kemungkinan jumlah laba fiskal pada masa mendatang akan memadai
untuk dikompensasi dengan manfaat pajak masa mendatang dan saldo rugi fiskal masih dapat dipakai.

Koreksi terhadap kewajiban perpajakan diakui pada saat Surat Ketetapan Pajak diterima atau, jika mengajukan
keberatan atau banding, pada saat keputusan atas keberatan atau banding tersebut telah ditetapkan.

r. Laba/(rugi) per saham dasar

Laba/(rugi) per saham dasar dihitung dengan membagi laba/(rugi) bersih dengan rata-rata tertimbang jumlah saham
biasa yang beredar pada periode atau tahun yang bersangkutan.

s. Pelaporan segmen

Segmen-segmen operasi dilaporkan dengan cara yang konsisten sesuai dengan pelaporan internal yang disediakan
untuk pihak manajemen yang bertanggung jawab untuk mengalokasi sumber daya dan menilai performa dari
segmen-segmen operasi.

t. Aset dan liabilitas keuangan

PSAK 50 (Revisi 2006) “Instrumen Keuangan: Penyajian dan Pengungkapan” dan PSAK 55 (Revisi 2006) “Instrumen
Keuangan: Pengakuan dan Pengukuran” berlaku untuk laporan keuangan yang periodenya dimulai pada atau
setelah tanggal 1 Januari 2010. Perusahaan telah menerapkan kedua PSAK ini sejak 1 Januari 2010. Manajemen
telah menganalisis dampak penerapan kedua PSAK ini dan berkesimpulan bahwa tidak ada dampak yang signifikan
terhadap laporan keuangan pada dan tahun yang berakhir pada 31 Desember 2010 dan hanya mempengaruhi
penyajian laporan keuangan ini.

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(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain)

2. IKHTISAR KEBIJAKAN AKUNTANSI PENTING (lanjutan)

t. Aset dan liabilitas keuangan (lanjutan)

(i) Aset keuangan

Grup mengklasifikasikan aset keuangan dalam kategori sebagai berikut: (a) aset keuangan yang diukur pada
nilai wajar melalui laporan laba/(rugi), (b) investasi yang dimiliki hingga jatuh tempo, (c) pinjaman dan piutang,
dan (d) aset keuangan yang tersedia untuk dijual. Klasifikasi ini tergantung pada tujuan saat aset keuangan
tersebut diperoleh. Manajemen menentukan klasifikasi aset keuangan tersebut pada saat pengakuan awal. Aset
keuangan tidak diakui apabila hak untuk menerima arus kas dari suatu investasi telah berakhir atau telah
ditransfer dan Grup telah mentransfer secara substansial seluruh risiko dan manfaat atas kepemilikan aset
keuangan tersebut.

(a) Aset keuangan yang diukur pada nilai wajar melalui laporan laba/(rugi)

Aset keuangan yang diukur pada nilai wajar melalui laporan laba/(rugi) adalah aset keuangan yang diperoleh
untuk tujuan diperdagangkan. Aset keuangan yang diklasifikasikan dalam kelompok ini jika diperoleh
terutama untuk tujuan dijual dalam jangka pendek. Derivatif juga diklasifikasikan sebagai kelompok
diperdagangkan kecuali yang merupakan kontrak jaminan keuangan atau instrumen lindung nilai yang
ditetapkan dan efektif. Keuntungan atau kerugian yang timbul dari perubahan nilai wajar dari aset keuangan
ini disajikan di dalam laporan laba/(rugi) komprehensif konsolidasian di dalam periode terjadinya. Pendapatan
dividen dari aset keuangan ini diakui di dalam laporan laba/(rugi) komprehensif konsolidasian sebagai bagian
dari pendapatan lain-lain pada saat hak Grup untuk menerima pembayaran tersebut ditetapkan.

Aset keuangan yang diukur pada nilai wajar melalui laporan laba/(rugi), pada awalnya diakui sebesar nilai
wajar dan biaya transaksi dibebankan pada laporan laba/(rugi), dan kemudian diukur pada nilai wajarnya.

(b) Investasi yang dimiliki hingga jatuh tempo

Investasi yang dimiliki hingga jatuh tempo adalah aset keuangan non-derivatif dengan pembayaran tetap atau
telah ditentukan dan jatuh temponya telah ditetapkan, serta Grup mempunyai intensi positif dan kemampuan
untuk memiliki aset keuangan tersebut hingga jatuh tempo, kecuali:

- Investasi yang pada saat pengakuan awal ditetapkan sebagai aset keuangan yang diukur pada nilai wajar
melalui laporan laba/(rugi);
- Investasi yang ditetapkan oleh entitas dalam kelompok tersedia untuk dijual; dan
- Investasi yang memenuhi definisi pinjaman dan piutang.

Mereka dimasukkan di dalam aset tidak lancar kecuali investasinya jatuh tempo atau manajemen bermaksud
untuk melepasnya dalam waktu 12 bulan dari akhir periode pelaporan.

Investasi yang dimiliki hingga jatuh tempo pada awalnya diakui sebesar nilai wajar termasuk biaya transaksi
yang dapat diatribusikan secara langsung dan kemudian diukur pada biaya perolehan diamortisasi dengan
menggunakan metode suku bunga efektif.

Bunga dari investasi tersebut yang dihitung dengan menggunakan metode bunga efektif diakui di dalam
laporan laba/(rugi) komprehensif konsolidasian sebagai bagian dari pendapatan lain-lain.

(c) Pinjaman dan piutang

Pinjaman dan piutang adalah aset keuangan non-derivatif dengan pembayaran tetap atau telah ditentukan
dan tidak mempunyai kuotasi di pasar aktif. Mereka dimasukkan di dalam aset lancar kecuali untuk yang
jatuh temponya lebih dari 12 bulan setelah akhir periode pelaporan. Aset keuangan ini diklasifikasikan
sebagai aset tidak lancar.

Pinjaman dan piutang pada awalnya diakui sebesar nilai wajar termasuk biaya transaksi yang dapat
diatribusikan secara langsung dan kemudian diukur pada biaya perolehan diamortisasi dengan menggunakan
metode suku bunga efektif.

(d) Aset keuangan yang tersedia untuk dijual

Aset keuangan yang tersedia untuk dijual adalah aset keuangan non-derivatif yang ditetapkan sebagai
tersedia untuk dijual atau yang tidak diklasifikasikan sebagai pinjaman atau piutang, investasi yang dimiliki
hingga jatuh tempo, dan aset keuangan yang diukur pada nilai wajar melalui laporan laba/(rugi). Mereka
dimasukkan di dalam aset tidak lancar kecuali investasinya jatuh tempo atau manajemen bermaksud untuk
melepasnya dalam waktu 12 bulan dari akhir periode pelaporan.

Aset keuangan yang tersedia untuk dijual pada awalnya diakui sebesar nilai wajar, ditambah biaya transaksi
yang dapat diatribusikan secara langsung. Setelah pengakuan awal, aset keuangan tersebut diukur dengan
nilai wajar, dimana keuntungan dan kerugian diakui melalui laporan perubahan ekuitas konsolidasian, kecuali
untuk kerugian akibat penurunan nilai dan keuntungan atau kerugian akibat perubahan nilai tukar, sampai
aset keuangan tersebut dihentikan pengakuannya. Jika suatu aset keuangan tersedia untuk dijual mengalami
penurunan nilai, maka akumulasi keuntungan atau kerugian yang sebelumnya telah diakui dalam laporan
perubahan ekuitas konsolidasian, diakui dalam laporan laba/(rugi) komprehensif konsolidasian.

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PT ATLAS RESOURCES Tbk. (dahulu PT ENERGI KALTIM PERSADA) Halaman 18
DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
30 APRIL 2011 DAN 2010 DAN 31 DESEMBER 2010, 2009, DAN 2008
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain)

2. IKHTISAR KEBIJAKAN AKUNTANSI PENTING (lanjutan)

t. Aset dan liabilitas keuangan (lanjutan)

(i) Aset keuangan (lanjutan)

(d) Aset keuangan yang tersedia untuk dijual (lanjutan)

Bunga atas sekuritas yang tersedia untuk dijual yang dihitung dengan metode suku bunga efektif diakui di
dalam laporan laba/(rugi) komprehensif konsolidasian sebagai bagian dari pendapatan lain-lain. Dividen atas
instrumen ekuitas yang tersedia untuk dijual diakui di dalam laporan laba/(rugi) komprehensif konsolidasian
sebagai bagian dari pendapatan lain-lain pada saat hak Grup untuk menerima pembayaran tersebut
ditetapkan.

(ii) Liabilitas keuangan

Grup mengklasifikasikan liabilitas keuangan dalam kategori sebagai berikut: (i) liabilitas keuangan yang diukur
pada nilai wajar melalui laporan laba/(rugi) dan (ii) liabilitas keuangan yang diukur pada biaya perolehan
diamortisasi. Klasifikasi ini tergantung pada tujuan saat liabilitas keuangan tersebut diperoleh. Manajemen
menentukan klasifikasi liabilitas keuangan tersebut pada saat pengakuan awal. Liabilitas keuangan tidak diakui
ketika liabilitas tersebut berakhir yaitu ketika liabilitas yang ditetapkan dalam kontrak dilepaskan atau dibatalkan
atau kadaluarsa.

(a) Liabilitas keuangan yang diukur pada nilai wajar melalui laporan laba/(rugi)

Liabilitas keuangan yang diukur pada nilai wajar melalui laporan laba/(rugi) adalah liabilitas keuangan yang
diperoleh untuk tujuan diperdagangkan. Liabilitas keuangan yang diklasifikasikan dalam kelompok ini jika
dimiliki terutama untuk tujuan dibeli kembali dalam jangka pendek.

Liabilitas keuangan yang diukur pada nilai wajar melalui laporan laba/(rugi), pada awalnya diakui sebesar
nilai wajar dan kemudian diukur pada nilai wajarnya, dimana keuntungan atau kerugiannya diakui dalam
laporan laba/(rugi) komprehensif konsolidasian.

(b) Liabilitas keuangan yang diukur pada biaya perolehan diamortisasi

Liabilitas keuangan yang tidak diklasifikasikan sebagai liabilitas keuangan yang diukur pada nilai wajar
melalui laporan laba/(rugi), pada awalnya diakui sebesar nilai wajar, termasuk biaya transaksi yang dapat
diatribusikan secara langsung. Setelah pengakuan awal, liabilitas keuangan tersebut diukur pada biaya
perolehan yang diamortisasi, dengan menggunakan metode suku bunga efektif. Mereka dimasukkan di
dalam liabilitas lancar kecuali untuk yang jatuh temponya lebih dari 12 bulan setelah akhir periode pelaporan.
Liabilitas keuangan ini diklasifikasikan sebagai liabilitas tidak lancar.

Keuntungan dan kerugian diakui dalam laporan laba/(rugi) komprehensif konsolidasian ketika liabilitas
keuangan tersebut dihentikan pengakuannya atau mengalami penurunan nilai dan melalui proses amortisasi.

(iii) Estimasi nilai wajar

Grup menggunakan beberapa teknik penilaian yang digunakan secara umum untuk menentukan nilai wajar dari
instrumen keuangan dengan tingkat kompleksitas yang rendah. Input yang digunakan dalam teknik penilaian
untuk instrumen keuangan di atas adalah data pasar yang dapat diobservasi.

(iv) Metode suku bunga efektif

Suku bunga efektif untuk instrumen keuangan yang diukur pada biaya amortisasi yang diperoleh sebelum dan
masih memiliki saldo tersisa pada tanggal 1 Januari 2010, dihitung dengan mengacu ke arus kas masa depan
yang akan dihasilkan sejak PSAK 55 (Revisi 2006) pertama kali diterapkan sampai dengan jatuh temponya
instrumen keuangan tersebut.

u. Penurunan nilai dari aset keuangan

(i) Aset yang dicatat berdasarkan biaya perolehan diamortisasi

Pada setiap tanggal neraca Grup mengevaluasi apakah terdapat bukti yang objektif bahwa aset keuangan atau
kelompok aset keuangan mengalami penurunan nilai. Aset keuangan atau kelompok aset keuangan diturunkan
nilainya dan kerugian penurunan nilai telah terjadi, jika dan hanya jika, terdapat bukti yang objektif mengenai
penurunan nilai tersebut sebagai akibat dari satu atau lebih peristiwa yang terjadi setelah pengakuan awal aset
tersebut (peristiwa yang merugikan), dan peristiwa yang merugikan tersebut berdampak pada estimasi arus kas
masa depan atas aset keuangan atau kelompok aset keuangan yang dapat diestimasi secara andal.

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(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain)

2. IKHTISAR KEBIJAKAN AKUNTANSI PENTING (lanjutan)

u. Penurunan nilai dari aset keuangan (lanjutan)

(i) Aset yang dicatat berdasarkan biaya perolehan diamortisasi (lanjutan)

Kriteria yang Grup gunakan untuk menentukan bahwa ada bukti objektif dari suatu penurunan nilai meliputi:

(a) Kesulitan keuangan signifikan yang dialami penerbit atau pihak peminjam;
(b) Pelanggaran kontrak, seperti terjadinya wanprestasi atau tunggakan pembayaran pokok atau bunga;
(c) Pihak pemberi pinjaman, dengan alasan ekonomi atau hukum sehubungan dengan kesulitan keuangan
yang dialami pihak peminjam, memberikan keringanan pada pihak peminjam yang tidak mungkin diberikan
jika pihak peminjam tidak mengalami kesulitan tersebut;
(d) Terdapat kemungkinan bahwa pihak peminjam akan dinyatakan pailit atau melakukan reorganisasi
keuangan lainnya;
(e) Hilangnya pasar aktif dari aset keuangan akibat kesulitan keuangan; atau
(f) Data yang dapat diobservasi mengindikasikan adanya penurunan yang dapat diukur atas estimasi arus kas
masa depan dari kelompok aset keuangan sejak pengakuan awal aset dimaksud, meskipun penurunannya
belum dapat diidentifikasi terhadap aset keuangan secara individual dalam kelompok aset tersebut,
termasuk:

- Memburuknya status pembayaran pihak peminjam dalam kelompok tersebut; dan

- Kondisi ekonomi nasional atau lokal yang berkorelasi dengan wanprestasi atas aset dalam kelompok
tersebut.

Jika terdapat bukti objektif bahwa kerugian penurunan niIai telah terjadi, maka jumlah kerugian tersebut diukur
sebagai selisih nilai tercatat aset dengan nilai kini estimasi arus kas masa depan (tidak termasuk kerugian kredit
di masa depan yang belum terjadi) yang didiskonto menggunakan suku bunga efektif awal dari aset tersebut.
Nilai tercatat aset tersebut dikurangi, baik secara langsung maupun menggunakan pos cadangan. Jumlah
kerugian yang terjadi diakui pada laporan laba/(rugi) komprehensif konsolidasian.

Jika, pada periode berikutnya, jumlah kerugian penurunan nilai berkurang dan pengurangan tersebut dapat
dikaitkan secara objektif pada peristiwa yang terjadi setelah penurunan nilai diakui (seperti meningkatnya
peringkat kredit debitur), maka kerugian penurunan nilai yang sebelumnya diakui harus dipulihkan, baik secara
langsung, atau dengan menyesuaikan pos cadangan. Pemulihan tersebut tidak boleh mengakibatkan nilai
tercatat aset keuangan melebihi biaya perolehan diamortisasi sebelum adanya pengakuan penurunan nilai pada
tanggal pemulihan dilakukan. Jumlah pemulihan aset keuangan diakui pada laporan laba/(rugi) komprehensif
konsolidasian.

(ii) Aset yang tersedia untuk dijual

Ketika penurunan nilai wajar atas aset keuangan yang diklasifikasikan dalam kelompok tersedia untuk dijual
telah diakui secara langsung dalam ekuitas dan terdapat bukti objektif bahwa aset tersebut mengalami
penurunan nilai, maka kerugian kumulatif yang sebelumnya diakui secara langsung dalam ekuitas harus
dikeluarkan dari ekuitas dan diakui pada laporan laba/(rugi) komprehensif konsolidasian meskipun aset
keuangan tersebut belum dihentikan pengakuannya. Jumlah kerugian kumulatif yang dikeluarkan dari ekuitas
dan diakui pada laporan laba/(rugi) komprehensif konsolidasian merupakan selisih antara biaya perolehan
dengan nilai wajar kini, dikurangi kerugian penurunan nilai aset keuangan yang sebelumnya telah diakui pada
laporan laba/(rugi) komprehensif konsolidasian.

Kerugian penurunan nilai yang diakui pada laporan laba/(rugi) komprehensif konsolidasian atas investasi
instrumen ekuitas yang diklasifikasikan sebagai instrumen ekuitas yang tersedia untuk dijual tidak boleh
dipulihkan melalui laporan laba/(rugi) komprehensif konsolidasian.

Jika, pada periode berikutnya, nilai wajar instrumen utang yang diklasifikasikan dalam kelompok tersedia untuk
dijual meningkat dan peningkatan tersebut dapat secara objektif dihubungkan dengan peristiwa yang terjadi
setelah pengakuan kerugian penurunan nilai pada laporan laba/(rugi) komprehensif konsolidasian, maka
kerugian penurunan nilai tersebut harus dipulihkan melalui laporan laba/(rugi) komprehensif konsolidasian.

v. Selisih nilai transaksi restrukturisasi entitas sepengendali

Transaksi restrukturisasi di antara entitas sepengendali dicatat menggunakan metode pooling-of-interests.

Perbedaan antara harga transfer dan nilai buku dari setiap transaksi restrukturisasi antara entitas s epengendali
dicatat pada akun “Selisih Nilai Transaksi Restrukturisasi Entitas SepengendaIi” pada bagian ekuitas dari laporan
posisi keuangan (neraca) konsolidasian.

SaIdo akun “Selisih Nilai Transaksi Restrukturisasi Entitas Sepengendali” dapat berubah pada saat:

(i) Terdapat transaksi resiprokal antara entitas sepengendali;

(ii) Terdapat kuasi-reorganisasi;
(iii) Status sepengendali hilang antara entitas yang saling bertransaksi; atau
(iv) Terdapat pemindahan aset, liabilitas, saham, atau instrumen kepemilikan lainnya yang dapat menyebabkan
perbedaan dari transaksi rekstrukturisasi entitas sepengendali dengan pihak lain yang bukan entitas
sepengendaIi.

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DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
30 APRIL 2011 DAN 2010 DAN 31 DESEMBER 2010, 2009, DAN 2008
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain)

2. IKHTISAR KEBIJAKAN AKUNTANSI PENTING (lanjutan)

v. Selisih nilai dari transaksi restrukturisasi entitas sepengendali (lanjutan)

Pada saat perubahan dalam saldo akun ini dihasilkan poin (i), saldo yang ada saling hapus dengan transaksi baru
karena itu akan menciptakan saldo akun baru.

Pada saat perubahan dalam saldo akun berasal dari poin (ii). Saldo akun tersebut digunakan untuk eliminasi atau
menambah saldo akumulasi kerugian.

Pada saat saldo akun berasal dari poin (iii) atau (iv), saldo akun diakui sebagai laba atau rugi yang terealisasi.

w. Hubungan pelanggan kontraktual tidak berwujud

Hubungan pelanggan kontraktual tidak berwujud merupakan biaya perolehan kembali hak untuk menandatangani
kontrak penjualan batubara dengan pihak lain. Sebelumnya Grup harus memasok batubara kepada pelanggan
tertentu dengan harga tertentu. Hak kontraktual pelanggan tersebut mempunyai masa manfaat yang terbatas dan
disajikan sebesar harga perolehan dikurangi akumulasi amortisasi dan akumulasi kerugian penurunan nilai .
Amortisasi dihitung menggunakan metode unit penjualan selama umur tambang atau sisa masa berlaku IUP, mana
yang lebih pendek. Pada tanggal neraca, Grup melakukan telaah untuk menentukan ada tidaknya indikasi penurunan
nilai atas hubungan pelanggan kontraktual tidak berwujud. Kerugian penurunan nilai ditentukan sesuai dengan
kebijakan akuntansi yang dijelaskan pada Catatan 2i.

x. Penggunaan estimasi

Penyusunan laporan keuangan konsolidasian sesuai dengan Standar Akuntansi Keuangan di Indonesia
mengharuskan manajemen untuk membuat estimasi dan asumsi yang mempengaruhi jumlah aset dan liabilitas yang
dilaporkan dan pengungkapan aset dan liabilitas kontinjen pada tanggal laporan keuangan konsolidasian, serta
jumlah pendapatan dan biaya selama periode pelaporan. Walaupun estimasi ini dibuat berdasarkan pengetahuan
terbaik manajemen atas kejadian dan aktivitas saat ini, hasil yang sebenarnya mungkin berbeda dari jumlah yang
diestimasi.

3. PENERAPAN STANDAR AKUNTANSI BARU

Pada tahun 2011, Grup telah mengadopsi beberapa standar akuntansi yang direvisi. Pengadopsian standar-standar
akuntansi baru tersebut tidak memberikan dampak signifikan pada kinerja Grup dan hanya mempengaruhi pengungkapan
yang diperlukan dalam laporan keuangan.

a. PSAK 1 (Revisi 2009) “Penyajian Laporan Keuangan” memperkenalkan konsep Pendapatan Komprehensif dan
Laporan Laba/(Rugi) Komprehensif. Berdasarkan PSAK ini, suatu entitas harus menyajikan kepentingan non-
pengendali di bagian ekuitas dalam laporan posisi keuangan (neraca) dan mempunyai opsi untuk menyajikan
laba/(rugi) komprehensif dan komponennya dalam satu laporan komprehensif atau dua laporan (laporan laba/(rugi)
dan laporan laba/(rugi) komprehensif). Grup memilih untuk menyajikan laporan laba/(rugi) komprehensif dalam satu
laporan.

Selain itu, jika entitas menerapkan kebijakan akuntansi secara retrospektif atau membuat penyajian kembali pos-pos
laporan keuangan, atau ketika entitas mereklasifikasi pos-pos dalam laporan keuangannya, maka entitas menyajikan
minimal tiga laporan posisi keuangan yaitu laporan posisi keuangan pada: 1) akhir periode berjalan, 2) akhir periode
sebelumnya (yang sama dengan awal periode berjalan), dan 3) permulaan dari periode komparasi terawal. Seperti yang
dijelaskan pada Catatan 42 atas laporan keuangan konsolidasian, beberapa akun dalam laporan keuangan konsolidasian
pada tanggal dan untuk tahun yang berakhir pada 31 Desember 2009 dan 2008 telah direklasifikasi agar sesuai dengan
penyajian laporan keuangan konsolidasian pada dan untuk periode empat bulan yang berakhir pada 30 April 2011.
Sehubungan dengan reklasifikasi akun ini, Grup tidak menyajikan laporan posisi keuangan pada permulaan dari periode
komparasi terawal karena reklasifikasi akun yang dilakukan tidak mempunyai dampak terhadap penyajian akun-akun
yang ada pada laporan posisi keuangan pada permulaan dari periode komparasi terawal tersebut.

b. PSAK 3 (Revisi 2010) “Laporan Keuangan Interim” mewajibkan entitas untuk menyajikan laporan posisi keuangan
komparatif per akhir tahun buku terakhir. Sebelumnya, laporan posisi keuangan komparatif yang harus disajikan
adalah laporan posisi keuangan periode interim yang sama dengan tahun sebelumnya.

c. PSAK 4 (Revisi 2009) “Laporan Keuangan Konsolidasian dan Laporan Keuangan Tersendiri” mewajibkan entitas
untuk menyajikan kepentingan non-pengendali dalam laporan posisi keuangan konsolidasian di bagian ekuitas,
terpisah dari ekuitas yang dapat diatribusikan ke pemilik induk. Menurut PSAK lama, kepentingan non-pengendali
disajikan di antara bagian liabilitas dan ekuitas. Keberadaan hak suara potensial juga diperhitungkan dalam menilai
keberadaan pengendalian (sebelumnya tidak diperhitungkan). Selain itu, PSAK revisi ini memberikan tambahan
panduan ketika terjadi perubahan kepemilikan.

d. PSAK 5 (Revisi 2009) “Segmen Operasi” mewajibkan adanya transparansi yang lebih besar dalam penyajian
informasi segmen dengan lebih menekankan pada informasi segmen yang digunakan oleh manajemen (yaitu
informasi yang dilaporkan kepada pengambil keputusan operasional). Dalam PSAK sebelumnya, entitas harus
menentukan segmen primer dan sekunder (baik segmen usaha maupun geografis) berdasarkan karakteristik dan
sumber utama risiko dan imbalan entitas. Grup berada dalam ruang lingkup dari standar yang direvisi efektif sejak
2011. Penyajian 2010, 2009, dan 2008 disajikan untuk kepentingan komparatif.

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DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
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(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain)

3. PENERAPAN STANDAR AKUNTANSI BARU (lanjutan)

e. PSAK 22 (Revisi 2010) “Kombinasi Bisnis” mengakui goodwill sebagai selisih lebih dari nilai wajar atas nilai yang
secara efektif dialihkan dibandingkan terhadap jumlah bersih dari aset teridentifikasi dan liabilitas yang diakuisisi.
Goodwil tidak diamortisasi namun diuji penurunan nilainya setiap akhir periode (sebelumnya, kepentingan minoritas
dipertimbangkan ketika menentukan goodwill dan goodwill diamortisasi selama periode 5 sampai 20 tahun). Di
samping itu, menurut PSAK revisi ini, goodwill negatif diakui langsung di laporan laba/(rugi) komprehensif
konsolidasian (sebelumnya, goodwill negatif diperlakukan sebagai pendapatan ditangguhkan dan diakui sebagai
sebagai pendapatan secara sistematis selama periode tidak kurang dari 20 tahun). Karena adopsi standar revisi ini,
Grup mengakui goodwill negatif sebesar Rp 1.328 di laporan laba/(rugi) komprehensif konsolidasian untuk periode
empat bulan yang berakhir pada 30 April 2011.

Revisi standar lain yang wajib diterapkan untuk laporan keuangan periode yang dimulai 1 Januari 2011 namun tidak
relevan atau tidak berdampak material bagi Grup adalah sebagai berikut:

a. PSAK 2 (Revisi 2009) “Laporan Arus Kas”

b. PSAK 7 (Revisi 2010) “Pengungkapan Pihak yang Berelasi”
c. PSAK 8 (Revisi 2010) “Peristiwa Setelah Tanggal Pelaporan”
d. PSAK 19 (Revisi 2010) “Aset Tak Berwujud”
e. PSAK 23 (Revisi 2010) “Pendapatan”
f. PSAK 25 (Revisi 2009) “Kebijakan Akuntansi, Perubahan Estimasi Akuntansi, dan Kesalahan”
g. PSAK 48 (Revisi 2009) “Penurunan Nilai Aset”
h. PSAK 57 (Revisi 2009) “Provisi, Liabilitas Kontinjensi, dan Aset Kontinjensi”
i. PSAK 58 (Revisi 2009) “Aset Tidak Lancar yang Dimiliki untuk Dijual dan Operasi yang Dihentikan"

4. PELEPASAN ANAK PERUSAHAAN

a. Pelepasan API di tahun 2009

Pada tanggal 14 Juli 2009, Perusahaan melepas semua kepemilikannya di API kepada OPE dengan harga Rp 499.
Rincian liabilitas bersih pada saat pelepasan adalah sebagai berikut:

2009

Liabilitas bersih 2.541

Kepemilikan yang dilepas 99,8%

Liabilitas bersih yang dilepas 2.536

Penyesuaian terhadap liabilitas bersih yang dilepas:

- Keuntungan karena pelepasan anak perusahaan (3.035)
- Piutang lain-lain dari pelepasan anak perusahaan 499

Kas yang diterima dari pelepasan anak perusahaan -

Kas dan bank pada API 119

Arus kas keluar bersih dari pelepasan anak perusahaan (119)

b. Pelepasan SER di tahun 2011

Pada tanggal 29 Maret 2011, Perusahaan melepas semua kepemilikannya di SER kepada PT Optima Persada
Mandiri dengan harga Rp 270. Rincian liabilitas bersih pada saat pelepasan adalah sebagai berikut:

2011

Liabilitas bersih 3.184

Kepemilikan yang dilepas 90%

Liabilitas bersih yang dilepas 2.866

Penyesuaian terhadap liabilitas bersih yang dilepas:

- Keuntungan karena pelepasan anak perusahaan (3.136)
- Penurunan hutang lain-lain dari pelepasan anak perusahaan 270

Kas yang diterima dari pelepasan anak perusahaan -

Kas dan bank pada SER -

Arus kas bersih dari pelepasan anak perusahaan -

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DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
30 APRIL 2011 DAN 2010 DAN 31 DESEMBER 2010, 2009, DAN 2008
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain)

4. PELEPASAN ANAK PERUSAHAAN (lanjutan)

c. Pelepasan CTM di tahun 2011

Pada tanggal 29 Maret 2011, Perusahaan melepas semua kepemilikannya di CTM kepada PT Optima Persada
Mandiri dengan harga Rp 599. Rincian aset bersih pada saat pelepasan adalah sebagai berikut:

2011

Aset bersih 456

Kepemilikan yang dilepas 99,83%

Aset bersih yang dilepas 455

Penyesuaian terhadap aset bersih yang dilepas:

- Keuntungan karena pelepasan anak perusahaan (144)
- Penurunan hutang lain-lain dari pelepasan anak perusahaan 599

Kas yang diterima dari pelepasan anak perusahaan -

Kas dan bank pada CTM -

Arus kas bersih dari pelepasan anak perusahaan -

5. AKUISISI ANAK PERUSAHAAN

a. Akuisisi API di tahun 2010

Pada tanggal 28 September 2010, Perusahaan mengakuisisi 99,80% kepemilikan saham di API dengan harga kas
akuisisi sebesar Rp 499 dan kewajiban yang diambil alih sebesar Rp 53.677. Akuisisi 99,80% kepemilikan saham di
API memberikan Perusahaan suatu kemampuan pengendalian efektif atas API, dan oleh karena itu semenjak
tanggal tersebut, laporan keuangan API dikonsolidasikan ke laporan keuangan Perusahaan. Akuisisi ini bertujuan
untuk mengembangkan lebih lanjut bisnis Grup. Perusahaan mengakui properti pertambangan setelah alokasi harga
pembelian ke nilai wajar dari aset bersih yang diakuisisi dan mengakui kewajiban pajak tangguhan dan goodwill
sebesar hasil perkalian properti pertambangan dan tarif pajak yang berlaku, dengan rincian sebagai berikut:

2010

Nilai pembelian 54.176

Alokasi nilai pembelian

Aset lancar 6.067
Aset tetap, bersih 101
Biaya eksplorasi dan pengembangan ditangguhkan 45.655
Properti pertambangan (Catatan 13) 6.056
Goodwill 1.514
Liabilitas lancar (3.607)
Liabilitas pajak ditangguhkan (1.514)
Kepentingan non-pengendali (96)

54.176

Nilai pembelian dibayar tunai (499)

Kas dan setara kas pada anak perusahaan yang diakuisisi 4.271

Arus kas masuk dari akuisisi 3.772

b. Akuisisi OPE di tahun 2011

Pada tanggal 31 Maret 2011, Perusahaan mengakuisisi 96% kepemilikan di OPE. Transaksi ini diselesaikan dengan
setoran modal atas saham baru yang diterbitkan OPE senilai Rp 14.400, penghapusan piutang tidak lancar lain-lain
senilai Rp 66.799 dan menanggung liabilitas dari hasil novasi pinjaman OPE ke New Century Technology Limited
(“NCT”) sebesar Rp 165.059. Akuisisi 96% kepemilikan saham di OPE memberikan Perusahaan suatu kemampuan
untuk mengendalikan OPE, dan oleh karena itu semenjak tanggal tersebut, laporan keuangan konsolidasian OPE
dikonsolidasikan ke laporan keuangan Perusahaan. Akuisisi ini bertujuan untuk mengembangkan lebih lanjut bisnis
Grup. Perusahaan mengakui properti pertambangan setelah alokasi harga pembelian ke nilai wajar dari aset bersih
yang diakuisisi dan mengakui kewajiban pajak tangguhan dan goodwill sebesar hasil perkalian properti
pertambangan dan tarif pajak yang berlaku, dengan rincian sebagai berikut:

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DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
30 APRIL 2011 DAN 2010 DAN 31 DESEMBER 2010, 2009, DAN 2008
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain)

5. AKUISISI ANAK PERUSAHAAN (lanjutan)

b. Akuisisi OPE di tahun 2011 (lanjutan)

2011

Nilai pembelian 246.258

Alokasi nilai pembelian

Aset lancar 102.854
Aset tetap, bersih 56.209
Biaya eksplorasi dan pengembangan ditangguhkan 100.295
Aset tidak lancar lainnya 53.027
Properti pertambangan (Catatan 13) 52.472
Goodwill 11.173
Liabilitas lancar (37.518)
Pinjaman bank (62.227)
Liabilitas tidak lancar lainnya (10.455)
Liabilitas pajak tangguhan (11.173)
Kepentingan non-pengendali (8.399)

246.258

Nilai pembelian dibayar tunai (14.400 )

Kas dan setara kas pada anak perusahaan yang diakuisisi 15.898

Arus kas masuk dari akuisisi 1.498

c. Akuisisi OC di tahun 2011

Pada 31 Maret 2011, Perusahaan mengakuisisi 50,33% kepemilikan saham di OC senilai Rp 151. Akuisisi 50,33%
kepemilikan saham di OC memberikan Perusahaan suatu kemampuan untuk mengendalikan OC, oleh karena itu
semenjak tanggal tersebut, laporan keuangan OC dikonsolidasikan ke laporan keuangan Perusahaan. Akuisisi ini
bertujuan untuk mengembangkan lebih lanjut bisnis Grup.

2011

Nilai pembelian 151

Alokasi nilai pembelian

Aset lancar 2.268
Aset tetap, bersih 7.074
Biaya eksplorasi dan pengembangan ditangguhkan 23.664
Aset tidak lancar lainnya 2.602
Properti pertambangan (Catatan 13) 1.7 14
Liabilitas lancar (7.139)
Liabilitas tidak lancar (27.246)
Pendapatan dari goodwill negatif (1.328)
Kepentingan non-pengendali (1.458)

151

Nilai pembelian dibayar tunai (151)

Kas dan setara kas pada anak perusahaan yang diakuisisi 1.891

Arus kas masuk dari akuisisi 1.740

6. KAS DAN SETARA KAS

30 April 31 Desember 31 Desember 31 Desember

2011 2010 2009 2008

Kas
Rupiah 819 645 112 66
Dolar AS 78 31 - -

Jumlah kas 897 676 112 66

Kas di bank
Rupiah
- PT Bank Mandiri (Persero) Tbk. 1.103 1.264 695 1.082
- PT Bank Rakyat Indonesia (Persero) Tbk. 630 - - -
- PT Bank Artha Graha International Tbk. 230 - - -
- PT Bank Central Asia Tbk. 169 195 85 1
- Lain-lain (masing-masing di bawah Rp 50) 116 68 - -

Rekening Rupiah 2.248 1.527 780 1.083

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DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
30 APRIL 2011 DAN 2010 DAN 31 DESEMBER 2010, 2009, DAN 2008
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain)

6. KAS DAN SETARA KAS (lanjutan)

30 April 31 Desember 31 Desember 31 Desember

2011 2010 2009 2008

Dolar AS
- PT Bank Mandiri (Persero) Tbk. 243.805 2.254 465 6.532
- PT Bank Permata Tbk. (“Bank Permata”) 12.127 1.372 - -
- PT Bank Central Asia Tbk. 550 28 30 -
- Lain-lain (masing-masing di bawah Rp 50) 26 10 13 -

Rekening Dolar AS 256.508 3.664 508 6.532

Jumlah kas di bank 258.756 5.191 1.288 7.615

Deposito berjangka
Rupiah
- PT Bank Ganesha 214 - - -

Jumlah deposito berjangka 214 - - -

Jumlah kas dan setara kas 259.867 5.867 1.400 7.681

Pada 30 April 2011 dan 31 Desember 2010, 2009, dan 2008, Grup tidak menempatkan kas dan setara kasnya pada pihak
yang berelasi.

Tingkat suku bunga dari deposito berjangka di atas adalah sebagai berikut:

30 April 31 Desember 31 Desember 31 Desember

2011 2010 2009 2008

Rupiah 7% - - -

7. PIUTANG USAHA

30 April 31 Desember 31 Desember 31 Desember

2011 2010 2009 2008

Pihak ketiga:
- Noble Resources Pte. Ltd. (“Noble”) 87.030 6.725 - -
- PT Optima Enviro Resources (“OER”) 19.346 10.525 - -
- East Indonesia Resources Ltd. (“EIRL”) 17.236 - - -
- Moderne Group Inc. (“MGI”) - 46.214 43.633 -
- PT Bara Jaya Utama - 3.383 - -

Jumlah piutang usaha 123.612 66.847 43.633 -

Analisis umur piutang usaha adalah sebagai berikut:

30 April 31 Desember 31 Desember 31 Desember

2011 2010 2009 2008

Lancar dan 1 – 30 hari 113.508 21.002 43.633 -

31 – 60 hari - - - -
61 – 90 hari - - - -
> 90 hari 10.104 45.845 - -

123.612 66.847 43.633 -

Rincian piutang usaha berdasarkan mata uang adalah sebagai berikut:

30 April 31 Desember 31 Desember 31 Desember

2011 2010 2009 2008

Rupiah 2.691 4.838 43.633 -

Dolar AS 120.921 62.009 - -

123.612 66.847 43.633 -

Manajemen berpendapat bahwa piutang usaha dapat ditagih seluruhnya sehingga tidak diperlukan penyisihan penurunan
nilai.

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DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
30 APRIL 2011 DAN 2010 DAN 31 DESEMBER 2010, 2009, DAN 2008
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain)

8. PIUTANG LAIN-LAIN

a. Piutang lancar lain-lain

30 April 31 Desember 31 Desember 31 Desember

2011 2010 2009 2008

Pihak ketiga:
- OER 4.921 932 - -
- PT Karya Borneo Agung (“KBA”) 3.402 - - -
- PT Modal Investasi Mineral 1.200 - - -
- PT Batavia Energi Jaya 870 - - -
- PT Asia Enegy Indonesia 570 572 - -
- PT Bara Karya Agung (“BKA”) 378 - - -
- PT Optima Persada Mandiri 306 - - -
- PT Garda Satya Mandiri - - - 1.753
- Lain-lain (masing-masing di bawah Rp 200) 2.789 1.113 154 476

Jumlah piutang lancar lain -lain pihak ketiga 14.436 2.617 154 2.2 29

Rincian piutang lancar lain-lain berdasarkan mata uang adalah sebagai berikut:

30 April 31 Desember 31 Desember 31 Desember

2011 2010 2009 2008

Rupiah 11.139 1.685 154 2.229

Dolar AS 3.297 932 - -

14.436 2.617 154 2.229

Piutang lancar lain-lain terutama terdiri dari pinjaman tanpa bunga yang diberikan kepada pihak ketiga.

Manaje men berpendapat bahwa piutang lancar lain-lain akan dapat tertagih seluruhnya dan oleh karena itu
penyisihan penurunan nilai tidak diperlukan.

b. Piutang tidak lancar lain-lain

30 April 31 Desember 31 Desember 31 Desember

2011 2010 2009 2008

Pihak ketiga:
- SER 15.869 - - -
- PT Kertas Nusantara 3.827 3.827 - -
- PT Dika Karya Lintas Nusa 3.310 - - -
- PT Sarana Mitra Utama 1.655 - - -
- PT Mandiri Karya Makmur 1.268 - - -
- PT Bangun Olah Sarana Sukses 823 - - -
- PT Mendawa Arga Sentosa 703 - - -
- Safri Isrianto - - 4.247 -
- OPE - 48.945 3.378 -
- MMJ - 4.305 - -
- SBL - 711 - -
- PT Geraldo Energi - - 4.725 -
- PT Batavia Energi Jaya - - 2.820 -
- Hariara Tambunan - - 2.286 1.195
- Lain-lain (masing-masing di bawah Rp 200) 599 98 1.486 120

Piutang tidak lancar lain-lain - pihak

ketiga 28.054 57.886 18.942 1.315

Piutang tidak lancar lain-lain - pihak

yang berelasi 23.821 20.211 13.716 16.691

Jumlah piutang tidak lancar

lain-lain 51.875 78.097 32.658 18.006

Rincian piutang tidak lancar lain-lain berdasarkan mata uang adalah sebagai berikut:

30 April 31 Desember 31 Desember 31 Desember

2011 2010 2009 2008

Rupiah 48.558 31.159 26.460 18.006

Dolar AS 3.317 46.938 6.198 -

51.875 78.097 32.658 18.006

342
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DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
30 APRIL 2011 DAN 2010 DAN 31 DESEMBER 2010, 2009, DAN 2008
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain)

8. PIUTANG LAIN-LAIN (lanjutan)

b. Piutang tidak lancar lain-lain (lanjutan)

Piutang tidak lancar lain-lain terutama terdiri dari pinjaman tanpa bunga dan uang muka untuk pengembangan
proyek.

Manajemen berpendapat bahwa piutang tidak lancar lain-lain akan dapat tertagih seluruhnya dan oleh karena itu
penyisihan penurunan nilai tidak diperlukan.

Lihat Catatan 28 untuk rincian transaksi dengan pihak yang berelasi.

9. UANG MUKA DAN PEMBAYARAN DI MUKA

30 April 31 Desember 31 Desember 31 Desember

2011 2010 2009 2008

Uang muka ke pemasok 11.953 5.944 1.826 17.533

Sewa dan asuransi 4.535 3.749 3.045 1.504
Lain-lain 939 614 533 977

17.427 10.307 5.404 20.014

Dikurangi:
Bagian yang akan jatuh tempo dalam
satu tahun (5.307) (10.253 ) (4.810) (19.891 )

Bagian jangka panjang 12.120 54 594 123

Uang muka dan pembayaran di muka merupakan pembayaran ke pemasok dan kontraktor dimana barang tersebut belum
diterima atau jasa tersebut belum dilaksanakan pada tanggal neraca.

10. PERSEDIAAN
30 April 31 Desember 31 Desember 31 Desember
2011 2010 2009 2008

Batubara 35.446 42.086 81.373 24.405

Bahan bakar 1.343 - 1.744 -

Jumlah persediaan 36.789 42.086 83.117 24.405

Manajemen berpendapat bahwa semua persediaan dapat digunakan atau dijual dan dalam kondisi yang baik, sehingga
tidak diperlukan penyisihan penurunan nilai atas persediaan.

Pada tanggal 30 April 2011, persediaan tidak diasuransikan karena manajemen berpendapat bahwa biaya asuransi untuk
persediaan melampaui manfaat yang diperoleh dari mengasuransikan persediaan tersebut. Manajemen menyadari risiko
yang terkait dengan tidak adanya asuransi untuk persediaannya.

11. BIAYA EKSPLORASI DAN PENGEMBANGAN YANG DITANGGUHKAN

30 April 31 Desember 31 Desember 31 Desember

2011 2010 2009 2008

Biaya eksplorasi dan pengembangan yang

ditangguhkan sehubungan dengan
area yang telah mencapai tahap produksi
komersial:

Biaya perolehan - saldo awal

- BBE 14.727 12.294 8.123 8.123
- DKB - - - -
- HE - - - -

14.727 12.294 8.123 8.123

Penambahan
- BBE - 2.433 4.171 -
- DKB 24.607 - - -
- HE - - - -

24.607 2.433 4.171 -

Penambahan atas akuisisi

- BBE - - - -
- DKB 59.874 - - -
- HE 33.246 - - -

93.120 - - -
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PT ATLAS RESOURCES Tbk. (dahulu PT ENERGI KALTIM PERSADA) Halaman 27
DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
30 APRIL 2011 DAN 2010 DAN 31 DESEMBER 2010, 2009, DAN 2008
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain)

11. BIAYA EKSPLORASI DAN PENGEMBANGAN YANG DITANGGUHKAN (lanjutan)

30 April 31 Desember 31 Desember 31 Desember

2011 2010 2009 2008

Biaya perolehan - saldo akhir

- BBE 14.727 14.727 12.294 8.123
- DKB 84.481 - - -
- HE 33.246 - - -

132.454 14.727 12.294 8.123

Dikurangi:
Akumulasi amortisasi - saldo awal
- BBE 3.315 1.752 420 -
- DKB - - - -
- HE - - - -

3.315 1.752 420 -

Penambahan
- BBE 946 1.563 1.332 420
- DKB 298 - - -
- HE 48 - - -

1.292 1.563 1.332 420

Penambahan atas akuisisi

- BBE - - - -
- DKB 5.407 - - -
- HE 580 - - -

5.987 - - -

Akumulasi amortisasi - saldo akhir

- BBE 4.261 3.315 1.752 420
- DKB 5.705 - - -
- HE 628 - - -

10.594 3.315 1.752 420

Nilai buku bersih

- BBE 10.466 11.412 10.542 7.703
- DKB 78.776 - - -
- HE 32.618 - - -

Jumlah biaya eksplorasi dan

pengembangan yang ditangguhkan
sehubungan dengan area yang
telah mencapai tahap produksi komersial 121.860 11.412 10.542 7.703

Biaya eksplorasi dan pengembangan yang

ditangguhkan sehubungan dengan
area yang pada tanggal
neraca belum mencapai tahap produksi
komersial:

Nilai tercatat - saldo awal

- GPU 55.186 - - -
- SER 12.377 4.146 - -
- GE 4.495 - - -
- KEP 1.233 238 - -
- PIE 590 582 - -
- CGA 448 231 - -
- GGE 203 - - -

74.532 5.197 - -

344
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DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
30 APRIL 2011 DAN 2010 DAN 31 DESEMBER 2010, 2009, DAN 2008
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain)

11. BIAYA EKSPLORASI DAN PENGEMBANGAN YANG DITANGGUHKAN (lanjutan)

30 April 31 Desember 31 Desember 31 Desember

2011 2010 2009 2008

Penambahan
- GPU 12.827 12.661 - -
- SER - 8.231 4.146 -
- GE 2.895 1.365 - -
- KEP 788 995 238 -
- PIE 6 8 582 -
- CGA 1 217 231 -
- GGE 20 203 - -
- BKL 747 - - -

17.284 23.680 5.197 -

Penambahan atas akuisisi

- AE 23.664 - - -
- BKL 12.939 - - -
- CWD 76 - - -
- KM 147 - - -
- GPU - 42.525 - -
- GE - 3.130 - -
- GGE - - - -

36.826 45.655 - -

Pelepasan
- SER 12.377 - - -
12.377 - - -

Nilai tercatat - saldo akhir

- AE 23.664 - - -
- BKL 13.686 - - -
- CWD 76 - - -
- KM 147 - - -
- GPU 68.013 55.186 - -
- SER - 12.377 4.146 -
- GE 7.390 4.495 - -
- KEP 2.021 1.233 238 -
- PIE 596 590 582 -
- CGA 449 448 231 -
- GGE 223 203 - -

Jumlah biaya eksplorasi dan pengembangan

yang ditangguhkan sehubungan dengan
area yang pada tanggal neraca belum
mencapai tahap produksi komersial 116.265 74.532 5.197 -

Jumlah biaya ekplorasi dan pengembangan

yang ditangguhkan 238.125 85.944 15.739 7.703

Selama periode empat bulan yang berakhir pada 30 April 2011 dan 2010, biaya amortisasi masing-masing sejumlah
Rp 4.310 dan Rp 549 (tidak diaudit) dibebankan ke laporan laba/(rugi) komprehensif konsolidasian. Selama tahun yang
berakhir 31 Desember 2010, 2009, dan 2008 biaya amortisasi masing-masing sejumlah Rp 1.563, Rp 1.332, dan Rp 420
dibebankan pada laporan laba/(rugi) komprehensif konsolidasian.

345
PT ATLAS RESOURCES Tbk. (dahulu PT ENERGI KALTIM PERSADA) Halaman 29
DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
30 APRIL 2011 DAN 2010 DAN 31 DESEMBER 2010, 2009, DAN 2008
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain)

12. ASET TETAP

30 April 2011
Saldo Saldo
1 Januari 2011 Penambahan Akuisisi Transfer Pengurangan 30 April 2011

Biaya perolehan:
- Kepemilikan langsung
Tanah 182 - - - - 182
Bangunan 34.478 1.578 12.233 - - 48.289
Infrastruktur 34.939 - 2.450 - - 37.389
Mesin, peralatan, dan
kendaraan 50.713 1.219 10.776 914 - 63.622
Perlengkapan kantor 5.035 870 1.445 106 - 7.456

125.347 3.667 26.904 1.020 - 156.938

- Aset sewa pembiayaan

Kendaraan 57.964 3.714 2.194 538 - 64.410

- Aset dalam penyelesaian 19.756 11.300 37.890 (1.558) - 67.388

203.067 18.681 66.988 - - 288.736

Akumulasi penyusutan:
- Kepemilikan langsung
Bangunan 5.469 1.237 516 - - 7.222
Infrastruktur 6.530 1.335 735 - - 8.600
Mesin, peralatan, dan
kendaraan 10.559 1.705 1.715 - - 13.979
Perlengkapan kantor 1.766 432 377 - - 2.575

24.324 4.709 3.343 - - 32.376

- Aset sewa pembiayaan

Kendaraan 4.154 4.410 362 - - 8.926

28.478 9.119 3.705 - - 41.302

Nilai buku bersih 174.589 247.434

31 Desember 2010
Saldo Saldo
1 Januari 2010 Penambahan Transfer Pengurangan 31 Desember 2010

Biaya perolehan:
- Kepemilikan langsung
Tanah 182 - - - 182
Bangunan 29.785 127 4.566 - 34.478
Infrastruktur 33.862 1.077 - - 34.939
Mesin, peralatan, dan
kendaraan 49.406 755 552 - 50.713
Perlengkapan kantor 3.791 1.244 - - 5.035

117.026 3.203 5.118 - 125.347

- Aset sewa pembiayaan

Kendaraan 5.596 50.133 2.235 - 57.964

- Aset dalam penyelesaian 4.516 22.593 (7.353) - 19.756

127.138 75.929 - - 203.067

Akumulasi penyusutan:
- Kepemilikan langsung
Bangunan 2.134 3.335 - - 5.469
Infrastruktur 3.126 3.404 - - 6.530
Mesin, peralatan, dan
kendaraan 5.519 5.040 - - 10.559
Perlengkapan kantor 779 987 - - 1.766

11.558 12.766 - - 24.324

- Aset sewa pembiayaan

Kendaraan 644 3.510 - - 4.154

12.202 16.276 - - 28.478

Nilai buku bersih 114.936 174.589

346
PT ATLAS RESOURCES Tbk. (dahulu PT ENERGI KALTIM PERSADA) Halaman 30
DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
30 APRIL 2011 DAN 2010 DAN 31 DESEMBER 2010, 2009, DAN 2008
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain)

12. ASET TETAP (lanjutan)

31 Desember 2009
Saldo Saldo
1 Januari 2009 Penambahan Transfer Pengurangan 31 Desember 2009

Biaya perolehan:
- Kepemilikan langsung
Tanah 182 - - - 182
Bangunan 2.181 1.661 25.943 - 29.785
Infrastruktur 30.499 2.306 1.057 - 33.862
Mesin, peralatan, dan
kendaraan 39.303 4.190 5.913 - 49.406
Perlengkapan kantor 928 2.863 - - 3.791

73.093 11.020 32.913 - 117.026

- Aset sewa pembiayaan

Kendaraan 1.620 3.976 - - 5.596

- Aset dalam penyelesaian 23.631 13.798 (32.913) - 4.516

98.344 28.794 - - 127.138

Akumulasi penyusutan:
- Kepemilikan langsung
Bangunan 114 2.020 - - 2.134
Infrastruktur - 3.126 - - 3.126
Mesin, peralatan, dan
kendaraan 1.355 4.164 - - 5.519
Perlengkapan kantor 109 670 - - 779

1.578 9.980 - - 11.558

- Aset sewa pembiayaan

Kendaraan 101 543 - - 644

1.679 10.523 - - 12.202

Nilai buku bersih 96.665 114.936

31 Desember 2008
Saldo Saldo
1 Januari 2008 Penambahan Transfer Pengurangan 31 Desember 2008

Biaya perolehan:
- Kepemilikan langsung
Tanah - 182 - - 182
Bangunan - 2.181 - - 2.181
Infrastruktur - 30.499 - - 30.499
Mesin, peralatan, dan
kendaraan - 39.303 - - 39.303
Perlengkapan kantor - 928 - - 928

- 73.093 - - 73.093

- Aset sewa pembiayaan

Kendaraan - 1.620 - - 1.620

- Aset dalam penyelesaian - 23.631 - - 23.631

- 98.344 - - 98.344

Akumulasi penyusutan:
- Kepemilikan langsung
Bangunan - 114 - - 114
Mesin, peralatan, dan
kendaraan - 1.355 - - 1.355
Perlengkapan kantor - 109 - - 109

- 1.578 - - 1.578

- Aset sewa pembiayaan

Kendaraan - 101 - - 101

- 1.679 - - 1.679

Nilai buku bersih - 96.665

347
PT ATLAS RESOURCES Tbk. (dahulu PT ENERGI KALTIM PERSADA) Halaman 31
DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
30 APRIL 2011 DAN 2010 DAN 31 DESEMBER 2010, 2009, DAN 2008
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain)

12. ASET TETAP (lanjutan)

Biaya penyusutan dialokasikan sebagai berikut:

30 April 30 April 31 Desember 31 Desember 31 Desember

2011 2010 2010 2009 2008
(tidak diaudit)

Biaya sehubungan dengan pendapatan 9.009 2.950 13.979 8.906 1.034

Biaya operasi 2.207 697 2.297 1.617 645

11.216 3.647 16.276 10.523 1.679

Aset dalam penyelesaian merupakan proyek yang belum selesai pada tanggal neraca, sebagai berikut:

Persentase Estimasi
30 April 2011 penyelesaian (%) penyelesaian

Gedung dan infrastruktur 27.957 10-80 2011 - 2013

Konveyor pemuatan ke kapal tongkang 26.392 30-90 2011 - 2012
Pembangunan stockpile batubara 7.064 80 2011
Workshop 3.519 60-80 2011
Lain-lain 2.456 25-80 2011

67.388

31 Desember Persentase Estimasi

2010 penyelesaian (%) penyelesaian

Kamp dan infrastruktur 11.947 50 2011

Renovasi gedung 4.051 20 2011
Konveyor pemuatan ke kapal tongkang 1.305 30 2011
Lain-lain 2.453 50 2011

19.756

31 Desember Persentase Estimasi

2009 penyelesaian (%) penyelesaian

Renovasi gedung 2.551 10 2011

Workshop 1.904 50 2010
Lain-lain 61 70 2010

4.516

31 Desember Persentase Estimasi

2008 penyelesaian (%) penyelesaian

Renovasi gedung 6.000 80 2009

Kamp dan infrastruktur 5.753 60 2009
Konveyor pemuatan ke kapal tongkang 5.127 60 2009
Pembangunan stockpile batubara 4.375 70 2009
Gudang handak 1.630 60 2009
Kapal tongkang 746 90 2009

23.631

Manajemen tidak melihat adanya peristiwa yang akan menghambat penyelesaian aset dalam penyelesaian tersebut.

Semua aset tetap di atas dimiliki Grup secara legal dan disertai bukti kepemilikan yang sah.

Pada tanggal 30 April 2011, aset tetap yang dimiliki secara langsung oleh Grup diasuransikan atas property all risks,
kerusakan mesin, gangguan usaha, kerusakan material dan liabilitas operasi terminal dengan nilai pertanggungan
sebesar Rp 123.203. Seluruh aset sewa pembiayaan juga telah diasuransikan, sebagaimana diharuskan oleh perusahaan
pembiayaan dalam penandatanganan perjanjian sewa. Pada umumnya, nilai pertanggungan mendekati biaya perolehan
aset sewa bersangkutan. Dengan demikian, manajemen berpendapat bahwa seluruh aset tetap pada tanggal 30 April
2011 telah diasuransikan secara memadai.

Aset tetap tertentu digunakan sebagai agunan untuk pinjaman (lihat Catatan 15). Aset sewa pembiayaan telah digunakan
sebagai agunan untuk perjanjian sewa pembiayaan terkait (lihat Catatan 20).

Pada tanggal 30 April 2011, manajemen berkeyakinan bahwa tidak ada indikasi penurunan nilai aset tetap.

348
PT ATLAS RESOURCES Tbk. (dahulu PT ENERGI KALTIM PERSADA) Halaman 32
DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
30 APRIL 2011 DAN 2010 DAN 31 DESEMBER 2010, 2009, DAN 2008
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain)

12. ASET TETAP (lanjutan)

Grup mengubah estimasi masa manfaat dari infrastruktur efektif sejak dari 1 Januari 2009. Rincian perubahan pada
estimasi masa manfaat tersebut adalah sebagai berikut:

Masa manfaat Masa manfaat

sebelum diubah setelah diubah

Infrastruktur 20 10

Perubahan tersebut didasarkan pada kajian teknis dan perbandingan dengan industri sejenis. Perubahan tersebut
diterapkan secara prospektif dan menyebabkan kenaikan biaya penyusutan sebesar Rp 1.563 untuk tahun yang berakhir
pada 31 Desember 2009.

13. PROPERTI PERTAMBANGAN

30 April 31 Desember 31 Desember 31 Desember

2011 2010 2009 2008

Harga perolehan
Saldo awal 6.056 - - -
Akuisisi 54.186 6.056 - -

60.242 6.056 - -

Akumulasi amortisasi
Saldo awal - - - -
Penambahan - - - -

- - - -

Jumlah nilai buku bersih properti pertambangan 60.242 6.056 - -

Properti pertambangan merupakan saldo yang timbul dari akuisisi Perusahaan atas saham API di tahun 2010 dan OPE di
tahun 2011 sebagai akibat dari penilaian nilai wajar atas aset yang diperoleh pada tanggal akuisisi (lihat Catatan 5).

14. HUBUNGAN PELANGGAN KONTRAKTUAL TIDAK BERWUJUD

30 April 31 Desember 31 Desember 31 Desember

2011 2010 2009 2008

Harga perolehan
Saldo awal 62.937 - - -
Penambahan 231.497 62.937 - -

294.434 62.937 - -

Akumulasi amortisasi
Saldo awal 4.126 - - -
Penambahan 7.451 4.126 - -

11.577 4.126 - -

Jumlah nilai buku bersih hubungan

pelanggan kontraktual tidak berwujud 282.857 58.811 - -

Amortisasi hubungan pelanggan kontraktual tidak berwujud sebesar Rp 7.451 dibebankan ke laporan laba/(rugi)
komprehensif konsolidasian untuk periode empat bulan yang berakhir pada 30 April 2011 (Rp nihil (tidak diaudit) untuk
periode empat bulan yang berakhir 30 April 2010, Rp 4.126 untuk tahun yang berakhir 31 Desember 2010, dan Rp nihil
untuk tahun yang berakhir pada 31 Desember 2009 dan 2008).

Berdasarkan Kontrak Pemasokan Batubara tanggal 3 Agustus 2007 antara BBE sebagai penjual dan MGI (pihak ketiga)
sebagai pembeli, kedua belah pihak setuju untuk menandatangani Kontrak Pemasokan batubara jangka panjang selama
umur konsesi batubara BBE. Pada bulan Agustus 2010, Perusahaan, BBE, dan MGI menandatangani kontrak yang
mengalihkan semua hak dan kewajiban MGI dalam Kontrak Pemasokan Batubara tersebut kepada Perusahaan. Sebagai
kompensasinya, Perusahaan membayar AS$7.000.000 (setara dengan Rp 62.937) kepada MGI.

Berdasarkan Kontrak Pemasokan Batubara dan Kontrak Pemasaran tanggal 14 November 2009 antara BKL sebagai
penjual dan EIRL (pihak ketiga) sebagai pembeli, BKL setuju untuk memasok batubara kepada EIRL dalam jumlah tertentu
setiap tahunnya. Di samping itu, BKL diwajibkan untuk membayar jasa pemasaran kepada EIRL sebesar persentase
tertentu dari nilai penjualan batubara. Perjanjian ini berlaku selama umur konsesi BKL. Pada tanggal 31 Maret 2011,
Perusahaan, BKL, dan EIRL menandatangani perjanjian pengalihan hak EIRL di atas kepada Perusahaan. Perusahaan
setuju untuk memberikan kompensasi kepada EIRL sebesar AS$15,8 juta (setara dengan Rp 137.602). Lihat Catatan
38e.

349
PT ATLAS RESOURCES Tbk. (dahulu PT ENERGI KALTIM PERSADA) Halaman 33
DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
30 APRIL 2011 DAN 2010 DAN 31 DESEMBER 2010, 2009, DAN 2008
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain)

14. HUBUNGAN PELANGGAN KONTRAKTUAL TIDAK BERWUJUD (lanjutan)

Berdasarkan Kontrak Pemasokan Batubara dan Kontrak Pemasaran tanggal 28 Desember 2009 antara DKB sebagai
penjual dan EIRL sebagai pembeli, DKB setuju untuk memasok EIRL batubara dalam jumlah tertentu setiap tahunnya. Di
samping itu, DKB diwajibkan untuk membayar jasa pemasaran kepada EIRL sebesar persentase tertentu dari nilai
penjualan batubara. Perjanjian ini berlaku selama umur konsesi DKB. Pada tanggal 31 Maret 2011, Perusahaan, DKB,
dan EIRL menandatangani perjanjian pengalihan hak EIRL di atas kepada Perusahaan. Sebagai kompensasi kepada
EIRL atas pengalihan hak tersebut, Perusahaan setuju untuk menanggung kewajiban EIRL kepada Noble (pihak ketiga)
sebesar AS$10.781.391 (setara dengan Rp 93.895).

Di bulan April 2011, Kontrak Pemasokan Batubara dan Kontrak Pemasaran antara Perusahaan dan Noble ditandatangani
berkenaan dengan batubara yang diproduksi di area konsesi DKB. Berdasarkan kesepakatan bersama antara
Perusahaan dan Noble, mulai bulan April 2011, Noble berhak untuk menghapuskan jumlah yang terhutang atas Kontrak
Pemasokan Batubara tersebut dengan kewajiban EIRL yang ditanggung Perusahaan sebagaimana dijelaskan di atas.
Pengaturan saling hapus di atas berdasarkan nilai tetap yang ditentukan per ton batubara yang dikirim, sampai dengan
kewajiban yang ditanggung Perusahaan dibayar penuh. Sampai dengan 30 April 2011, saldo hutang kepada Noble terkait
dengan pengaturan ini adalah sebesar Rp 89.786 (Catatan 15b).

Pada tanggal 5 Mei 2011, Perusahaan dan Noble mengadakan perjanjian dimana Perusahaan memberikan haknya yang
ada pada kontrak penjualan batubara yang ditandatangani antara DKB dan Noble. Perjanjian tersebut ditandatangani
untuk memenuhi salah satu pernyataan yang tercantum dalam perjanjian novasi Perusahaan.

15. PINJAMAN

a. Pinjaman jangka pendek - pihak ketiga

30 April 31 Desember 31 Desember 31 Desember

2011 2010 2009 2008

- Bank Permata 75.315 38.467 - -

Jumlah pinjaman jangka pendek 75.315 38.467 - -

Pada tanggal 13 Agustus 2010, berdasarkan Ketentuan Umum dan Kondisi pada Penyediaan Fasilitas Bank (“KUK”)
No. SKU/10/590/N/CGVC, dimana Bank Permata dan BBE menyetujui untuk terikat oleh syarat-syarat dan kondisi-
kondisi yang ada pada KUK. Pada tanggal yang sama dan didasarkan pada KUK, BBE dan Bank Permata juga
menandatangani perjanjian fasilitas kredit yang dilegalisasi oleh Akta Notaris No. 92 tertanggal 13 Agustus 2010
dibuat di hadapan Drs. Gunawan Tedjo, S.H., M.H.

Menurut perjanjian ini, Bank Permata setuju untuk menyediakan fasiIitas Commercial lnvoice Financing (“CIF”)
kepada BBE dengan batas sampai sebesar AS$5.000.000 untuk tujuan modal kerja. Fasilitas ini berlaku sampai
dengan 13 Agustus 2011. Bunga atas pinjaman sebesar 7% per tahun tetapi dapat berubah karena adanya revisi
tingkat suku bunga dari waktu ke waktu. Penalti atas keterlambatan pembayaran ditentukan sebesar 3% di atas
tingkat suku bunga pinjaman yang berlaku.

Pada tanggal 28 Desember 2010, DKB mengadakan perjanjian fasilitas kredit dengan Bank Permata. Berdasarkan
perjanjian ini, Bank Permata setuju untuk menyediakan fasilitas CIF kepada DKB dengan batas sampai sebesar
AS$5.000.000 untuk tujuan modal kerja. FasiIitas ini berlaku sampai dengan 28 Desember 2011. Bunga atas
pinjaman sebesar 7% per tahun tetapi dapat berubah karena adanya revisi tingkat suku bunga dari waktu ke waktu.
Penalti atas keterlambatan pembayaran adalah ditetapkan sebesar 3% di atas tingkat suku bunga pinjaman yang
berlaku.

Lihat Catatan 15b untuk rincian jaminan.

b. Pinjaman jangka panjang - pihak ketiga

30 April 31 Desember 31 Desember 31 Desember

2011 2010 2009 2008
Dolar AS
- Noble (Catatan 14) 89.786 - - -
- Bank Permata 83.699 44.955 - -
- Kingdom Power Investment Ltd. (“KPIL”) 13.375 - - -
- Tecnica Holdings Limited (“Tecnica”) 9.498 - - -
- NCT 3.687 - - -
- MGI - - 65.446 14.847
- Lehman Brothers Commercial Corporation
Asia Limited (“Lehman Brothers”) - - 47.000 54.750
- First Plan Ltd. (“FPL”) - - 22.512 22.512
- Pacific Multi Resources Inc. (“PMRI”) - - 17.124 27.376

Jumlah pinjaman jangka panjang 200.045 44.955 152.082 119.485

Dikurangi:
Bagian yang akan jatuh tempo
dalam waktu satu tahun (83.699) (44.955) (47.000) -
Bagian jangka panjang 116.346 - 105.082 119.485
350
PT ATLAS RESOURCES Tbk. (dahulu PT ENERGI KALTIM PERSADA) Halaman 34
DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
30 APRIL 2011 DAN 2010 DAN 31 DESEMBER 2010, 2009, DAN 2008
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain)

15. PINJAMAN (lanjutan)

b. Pinjaman jangka panjang - pihak ketiga (lanjutan)

(i) Perusahaan

Lehman Brothers

Perusahaan memiliki fasilitas pinjaman dari Lehman Brothers dengan batas maksimum kredit sejumlah
AS$5.000.000. Fasilitas pinjaman ini dijamin dengan agunan saham pemegang saham mayoritas Perusahaan
yaitu CVU dan anak perusahaan yaitu BBE, CTM, CGA, KEP, dan PIE. Pemegang saham mayoritas dan anak
perusahaan bertindak sebagai penjamin.

Tanggal jatuh tempo fasilitas adalah dua tahun sejak tanggal penarikan. Tingkat suku bunga sebesar 12% per
tahun untuk tahun pertama penarikan, dan 14% per tahun sejak tahun kedua sampai dengan tanggal jatuh
tempo. Pokok pinjaman akan dibayarkan pada tanggal jatuh tempo, dan pembayaran bunga dilakukan secara
kuartalan. Fasilitas ini digunakan untuk modal kerja dan investasi awa l pembelian alat berat di anak perusahaan.

Pada tanggal 16 Februari 2010, pinjaman tersebut telah dibayar penuh oleh Perusahaan.

PMRI

Pada tanggal 31 Januari 2008, Perusahaan menandatangani perjanjian fasilitas pinjaman dengan PMRI. Sesuai
perjanjian ini, PMRI setuju untuk memberikan fasilitas pinjaman dengan nilai pokok agregat mencapai
AS$2.000.000.

Fasilitas ini merupakan pinjaman tanpa bunga dari tahun pertama hingga maksimum tahun ketiga. Untuk tahun
berikutnya, tingkat bunga yang berlaku akan ditentukan kemudian oleh kedua belah pihak. Perusahaan harus
melunasi pinjaman berikut dengan bunga terutang (bila ada) pada hari terakhir periode ketersediaan yang akan
disepakati kemudian oleh kedua belah pihak.

Pada tanggal 22 Oktober 2009, Perusahaan menandatangani perubahan perjanjian fasilitas pinjaman dengan
PMRI. Perubahan tersebut mencakup penerapan suku bunga pinjaman terhutang sebesar 1% per tahun dimulai
dari Januari 2009.

Fasilitas pinjaman ini digunakan untuk modal kerja Perusahaan. Pada tanggal 19 Agustus 2010, pinjaman ini
dibayar penuh oleh Perusahaan.

FPL

Pada tanggal 8 Juli 2008, Perusahaan menandatangani perjanjian fasilitas pinjaman dengan FPL. Sesuai
perjanjian ini, FPL setuju untuk memberikan fasilitas pinjaman dengan kurs yang telah ditentukan dengan nilai
pokok agregat mencapai AS$1.850.000.

Fasilitas ini merupakan pinjaman tanpa bunga dari tahun pertama hingga maksimum tahun ketiga. Untuk tahun
berikutnya, tingkat bunga yang berlaku akan ditentukan kemudian oleh kedua belah pihak. Perusahaan harus
melunasi pinjaman berikut dengan bunga terutang (bila ada) pada hari terakhir periode ketersediaan yang akan
disepakati kemudian oleh kedua belah pihak.

Pada tanggal 22 Oktober 2009, Perusahaan menandatangani perubahan perjanjian fasilitas pinjaman dengan
FPL. Perubahan tersebut mencakup penerapan suku bunga untuk pinjaman terhutang sebesar 1% per tahun
dimulai dari Januari 2009.

Fasilitas pinjaman ini digunakan untuk modal kerja Perusahaan. Pada tanggal 19 Agustus 2010, pinjaman ini
dibayar penuh oleh Perusahaan.

(ii) BBE

MGI

Pada tanggal 1 Juli 2008, BBE menandatangani perjanjian fasilitas pinjaman dengan MGI. Sesuai perjanjian ini,
MGI setuju memberikan fasilitas pinjaman dengan nilai pokok agregat mencapai AS$8 juta yang terdiri at as
pinjaman dengan kurs yang tidak ditentukan dengan nilai maksimum mencapai AS$7 juta dan pinjaman dengan
kurs yang telah ditentukan dengan jumlah maksimum hingga AS$1 juta. Fasilitas ini merupakan pinjaman tanpa
bunga dari tahun pertama hingga maksimum tahun ketiga. Untuk tahun berikutnya, tingkat bunga yang berlaku
akan ditentukan kemudian oleh kedua belah pihak.

Menurut syarat perjanjian, BBE diharuskan menyediakan jaminan korporasi dalam bentuk dan isi yang dapat
diterima kepada MGI sampai tanggal dimana BBE dan afiliasinya telah menghasilkan batubara dari tambangnya.
BBE harus melunasi pinjaman berikut dengan bunga terhutang (bila ada) pada hari terakhir periode ketersediaan
yang akan disepakati kemudian oleh kedua belah pihak.

Fasilitas pinjaman ini digunakan untuk modal kerja BBE. Pada tanggal 28 Februari 2010, pinjaman ini telah
dibayar penuh oleh Perusahaan melalui penghapusan piutang usaha.

351
PT ATLAS RESOURCES Tbk. (dahulu PT ENERGI KALTIM PERSADA) Halaman 35
DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
30 APRIL 2011 DAN 2010 DAN 31 DESEMBER 2010, 2009, DAN 2008
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain)

15. PINJAMAN (lanjutan)

b. Pinjaman jangka panjang - pihak ketiga (lanjutan)

(ii) BBE (lanjutan)

PMRI

Pada tanggal 31 Januari 2008, BBE mengadakan perjanjian fasilitas pinjaman dengan PMRI. Sesuai perjanjian
ini, PMRI setuju untuk memberikan fasilitas pinjaman dengan kurs yang telah ditentukan dengan nilai pokok
agregat mencapai AS$2.500.000.

Fasilitas ini merupakan pinjaman tanpa bunga dari tahun pertama hingga maksimum tahun ketiga. Untuk tahun
berikutnya, tingkat bunga yang berlaku akan ditentukan kemudian oleh kedua belah pihak. BBE harus melunasi
pinjaman berikut dengan bunga terutang (bila ada) pada hari terakhir periode ketersediaan yang akan disepakati
kemudian oleh kedua belah pihak.

Pada tanggal 11 November 2009, BBE menandatangani perubahan perjanjian fasilitas pinjaman dengan PMRI.
Perubahan tersebut mencakup penerapan suku bunga untuk pinjaman terhutang sebesar 1% per tahun dimulai
dari Januari 2009.

Fasilitas pinjaman ini digunakan untuk modal kerja BBE. Pada tanggal 19 Agustus 2010, pinjaman ini dibayar
penuh oleh Perusahaan.

FPL

Pada tanggal 30 Juni 2008, BBE menandatangani perjanjian fasilitas pinjaman dengan FPL. Sesuai perjanjian
ini, FPL setuju untuk memberikan fasilitas pinjaman dengan kurs yang telah ditentukan dengan nilai pokok
agregat mencapai AS$600.000.

Fasilitas ini merupakan pinjaman tanpa bunga dari tahun pertama hingga maksimum tahun ketiga. Untuk tahun
berikutnya, tingkat bunga yang berlaku akan ditentukan kemudian oleh kedua belah pihak. BBE harus melunasi
pinjaman berikut dengan bunga terutang (bila ada) pada hari terakhir periode ketersediaan yang akan disepakati
kemudian oleh kedua belah pihak.

Pada tanggal 8 November 2009, BBE menandatangani perubahan perjanjian fasilitas pinjaman dengan FPL.
Perubahan tersebut mencakup penerapan suku bunga untuk pinjaman terhutang sebesar 1% per tahun dimulai
dari Januari 2009.

Fasilitas pinjaman ini digunakan untuk modal kerja BBE. Pada tanggal 18 Februari 2010, pinjaman ini dibayar
penuh oleh Perusahaan.

Bank Permata

Pada tanggal 13 Agustus 2010, BBE dan Bank Permata menandatangani Ketentuan Umum dan Kondisi pada
Penyediaan Fasilitas Bank (“KUK”) No. SKU/10/590/N/CGVC, dimana kedua belah pihak setuju untuk terikat oleh
syarat-syarat dan kondisi-kondisi yang ada pada KUK. Pada tanggal yang sama dan didasarkan pada KUK, BBE
dan Bank Permata juga menandatangani perjanjian fasilitas kredit yang dilegalisasi oleh Akta Notaris No. 92
tertanggal 13 Agustus 2010 dibuat di hadapan Drs. Gunawan Tedjo, S.H., M.H.

Menurut perjanjian ini, Bank Permata setuju untuk menyediakan fasilitas pinjaman berjangka untuk BBE sebesar
AS$5.000.000 untuk pembiayaan pengadaan dan infrastruktur konstruksi di Berau (proyek perpanjangan BBE).
Fasilitas ini berlaku sampai tanggal 13 Agustus 2014. Tingkat suku bunga pinjaman sebesar 7,5% per tahun
tetapi dapat berubah karena adanya revisi tingkat suku bunga dari waktu ke waktu. Penalti untuk keterlambatan
pembayaran ditentukan sebesar 3% di atas tingkat suku bunga pinjaman yang dipakai.

Jaminan untuk fasilitas kredit di atas, termasuk fasilitas CIF sebagaimana diungkapkan di Catatan 15a, adalah
sebagai berikut:

(a) Jaminan korporat dari Perusahaan dengan nilai keseluruhan setara dengan pokok pinjaman, bunga
pinjaman, penalti, dan biaya-biaya lainnya;
(b) Aset operasional yang akan terikat sebagai fidusia dengan nilai jaminan sebesar AS$2.600.000;
(c) Rekening bank penampungan yang dimiliki BBE; dan
(d) Jalan pengangkutan batubara BBE di Berau.

352
PT ATLAS RESOURCES Tbk. (dahulu PT ENERGI KALTIM PERSADA) Halaman 36
DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
30 APRIL 2011 DAN 2010 DAN 31 DESEMBER 2010, 2009, DAN 2008
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain)

15. PINJAMAN (lanjutan)

b. Pinjaman jangka panjang - pihak ketiga (lanjutan)

(ii) BBE (lanjutan)

Bank Permata (lanjutan)

TanggaI 28 Desember 2010, perjanjian fasilitas kredit dengan Bank Permata diubah berdasarkan Akta Notaris
No. 195 tertanggal 28 Desember 2010 yang dibuat di hadapan Drs. Gunawan Tedjo, S.H., M.H. Perubahan atas
perjanjian fasilitas kredit mencakup hal-hal berikut:

(a) Bank Permata setuju untuk menyediakan fasilitas pinjaman berjangka baru sebesar AS$5.000.000 untuk
pembiayaan penyediaan dan konstruksi infrastruktur di Berau (proyek perpanjangan BBE). Fasilitas ini
berlaku sampai tanggal 28 Juni 2014. Tingkat suku bunga pinjaman sebesar 7% per tahun (dapat berubah)
atau tetap maksimum 3 bulan;
(b) Aset operasional dan/atau mesin BBE akan terikat sebagai fidusia dengan nilai jaminan sebesar
AS$5.181.116 atau setara dengan Rp 47.178;
(c) Tanah atau bangunan yang dlbiayai melalui penggunaan fasilitas pinjaman berjangka baru ini akan
ditempatkan sebagai jaminan kepada Bank Permata; dan
(d) Jumlah jaminan korporat oleh Perusahaan berubah menjadi sebesar AS$15.500.000.

Terdapat beberapa covenant keuangan, negative covenant, dan covenant lainnya yang diatur dalam perjanjian
fasilitas kredit yang harus dipenuhi oleh BBE. Salah satu covenant tersebut adalah agar BBE tetap menjaga
marjin laba usaha setidaknya sebesar 12%. Per 30 April 2011 dan 31 Desember 2010, marjin laba usaha BBE
lebih rendah dari 12%. Oleh karena itu, saldo pinjaman jangka panjang dari Bank Permata untuk tanggal-tanggal
tersebut disajikan sebagai liabilitas jangka pendek. Pada tanggal 10 Juni 2011, BBE menerima pernyataan
pembebasan pelanggaran persyaratan pinjaman dari Bank Permata.

(iii) DKB

Bank Permata

Pada tanggal 28 Desember 2010, DKB mengadakan perjanjian fasilitas kredit dengan Bank Permata.
Berdasarkan perjanjian ini, Bank Permata setuju untuk menyediakan fasilitas di bawah ini kepada DKB:

(a) Fasilitas pinjaman berjangka dengan nilai keseluruhan sebesar AS$5.000.000

Bank Permata setuju untuk menyediakan fasilitas pinjaman berjangka untuk DKB dengan jumlah
keseluruhan sebesar AS$5.000.000 untuk pembiayaan investasi DKB atas aset tetap dan infrastruktur di
lokasi penambangan. Fasilitas ini berlaku untuk 30 bulan sejak tanggaI perjanjian ini. Tingkat suku bunga
pinjaman sebesar 7% per tahun tetapi dapat berubah karena adanya revisi tingkat suku bunga dari waktu
ke waktu. Penalti untuk keterlambatan pembayaran ditetapkan sebesar 3% di atas tingkat suku bunga
pinjaman yang dipakai.

(b) Fasilitas transaksi valuta asing dengan jumlah maksimal AS$12.500.000

Bank Permata setuju untuk memberikan fasilitas transaksi Spot dan Forward kepada DKB dengan jumlah
maksimal AS$12.500.000 atau setara dengan mata uang lainnya yang disetujui Bank Permata. Fasilitas ini
berlaku selama 12 bulan sejak tanggal penandatanganan perjanjian. Kedua pihak setuju untuk menunjuk
Bank Permata selaku pihak yang melakukan perhitungan mark-to-market atas jumlah yang digunakan dari
fasilitas ini.

Jaminan dari fasilitas kredit, termasuk fasilitas CIF sebagaimana diungkapkan di Catatan 15a, sebagai berikut:

(a) Tanah mencakup bangunan yang dibiayai oleh fasilitas pinjaman berjangka di Distrik Siluq Ngurai, Kutai
Regensi Barat, Kalimantan Timur;
(b) Jaminan korporat dari Perusahaan dengan nilai keseluruhan setara dengan pokok pinjaman, bunga
pinjaman, penalti, dan biaya-biaya lainnya;
(c) Aset operasional dan/atau mesin dari DKB akan terikat sebagai fidusia dengan nilai jaminan sama dengan
Rp 34.225;
(d) Rekening bank penampungan yang dimiliki DKB; dan
(e) Agunan lainnya daIam bentuk dan jumlah yang dapat diterima oleh bank yang akan diatur secara terpisah
dalam perjanjian lainnya.

Terdapat beberapa covenant keuangan, negative covenant, dan covenant Iainnya yang diatur dalam perjanjian
fasilitas kredit yang harus dipenuhi oleh DKB. Salah satu covenant tersebut adalah agar DKB tetap menjaga
marjin laba usaha setidaknya sebesar 12%. Per 30 April 2011, marjin laba usaha DKB lebih rendah dari 12%.
Oleh karena itu, saldo pinjaman jangka panjang dari Bank Permata pada tanggal tersebut disajikan sebagai
liabilitas jangka pendek. Pada tanggal 16 Juni 2011, DKB menerima pernyataan pembebasan pelanggaran
persyaratan pinjaman dari Bank Permata.

353
PT ATLAS RESOURCES Tbk. (dahulu PT ENERGI KALTIM PERSADA) Halaman 37
DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
30 APRIL 2011 DAN 2010 DAN 31 DESEMBER 2010, 2009, DAN 2008
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain)

15. PINJAMAN (lanjutan)

b. Pinjaman jangka panjang - pihak ketiga (lanjutan)

(iv) AE

Tecnica

Pada tanggal 18 November 2010, AE dan Tecnica menandatangani perjanjian dimana Tecnica setuju
memberikan pinjaman kepada AE untuk pembelian barang modal dan modal kerja untuk pengembangan wilayah
pertambangan AE. Pinjaman yang diberikan sejumlah AS$4.000.000. AE wajib mengembalikan pinjaman yang
diberikan Tecnica tersebut secara bertahap senilai AS$13,77 per metrik ton batubara yang diproduksi dan dijual
oleh AE sampai seluruh hutangnya terlunasi. Beberapa persyaratan dari perjanjian ini adalah bahwa AE tidak
akan mengikatkan diri dalam perjanjian penjualan batubara dan berhutang melebihi suatu jumlah tertentu kecuali
telah disetujui terlebih dahulu oleh Tecnica.

KPIL

Pada tanggal 18 September 2008, AE memperoleh pinjaman dari KPIL dengan jumlah maksimum sebesar
AS$1.560.000. Tingkat suku bunga LIBOR+2% atau maksimum sebesar 9% per tahun. Jangka waktu pinjaman
adalah selama 3 tahun sejak tanggal perjanjian. Pinjaman dari KPIL ini akan digunakan untuk mendanai kegiatan
pra produksi dan modal kerja.

Pada tanggal 31 Desember 2010, AE memperoleh perpanjangan pinjaman tersebut sampai dengan tanggal 31
Desember 2013.

(v) OC

NCT

Pada tanggal 1 Juni 2010, OC memperoleh pinjaman dari NCT dengan jum lah maksimum sebesar
AS$1.000.000 dengan tingkat suku bunga 0% untuk periode 1 Juni 2010 sampai dengan 30 November 2011 dan
7% untuk periode 1 Desember 2011 sampai dengan 1 Juni 2013. Jangka waktu pinjaman adalah tiga tahun sejak
tanggal perjanjian.

16. HUTANG USAHA - PIHAK KETIGA

30 April 31 Desember 31 Desember 31 Desember

2011 2010 2009 2008

- PT Madhani Talatah Nusantara (“Madhani”) 49.804 44.935 22.077 14.381

- PT Ricobana Abadi (“Ricobana”) 11.466 - - -
- PT Berau Prima Mulia 1.112 902 2.435 -
- PT Pangansari Utama (“PU”) 550 698 2.809 -
- Lain-lain (masing-masing di bawah Rp 1.000) 7.890 626 853 71

Jumlah hutang usaha - pihak ketiga 70.822 47.161 28.174 14.452

Seluruh saldo hutang usaha merupakan hutang kepada pihak ketiga yang terutama merupakan hutang usaha kepada
kontraktor penambangan. Grup tidak memberikan jaminan terhadap hutang usaha.

Rincian hutang usaha berdasarkan mata uang adalah sebagai berikut:

30 April 31 Desember 31 Desember 31 Desember

2011 2010 2009 2008

Rupiah 8.629 1.843 5.506 71

Dolar AS 62.193 45.318 22.668 14.381

70.822 47.161 28.174 14.452

Analisis umur hutang usaha adalah sebagai berikut:

30 April 31 Desember 31 Desember 31 Desember

2011 2010 2009 2008

Lancar dan 1 – 30 hari 38.302 26.222 2.392 -

31 – 60 hari 21.364 - 19.760 14.452
61 – 90 hari 435 - 2.380 -
> 90 hari 10.721 20.939 3.642 -

70.822 47.161 28.174 14.452

354
PT ATLAS RESOURCES Tbk. (dahulu PT ENERGI KALTIM PERSADA) Halaman 38
DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
30 APRIL 2011 DAN 2010 DAN 31 DESEMBER 2010, 2009, DAN 2008
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain)

17. BIAYA YANG MASIH HARUS DIBAYAR

30 April 31 Desember 31 Desember 31 Desember

2011 2010 2009 2008

Iuran eksploitasi 53.043 38.158 13.324 7.355

Kontraktor 45.273 25.949 28.038 13.179
Bahan bakar 5.053 - 8.428 -
Bonus 4.995 2.478 161 140
Konsultan 4.134 656 1.997 948
Katering 3.194 818 832 -
Bunga 1.919 - 1.491 -
Sewa - 3.824 655 496
Lain-lain (masing-masing
di bawah Rp 1.000) 1.233 997 498 77

Jumlah biaya yang masih harus dibayar 118.844 72.880 55.424 22.195

18. HUTANG LAIN-LAIN

30 April 31 Desember 31 Desember 31 Desember

2011 2010 2009 2008

Pihak ketiga:
- EIRL (Catatan 14) 135.469 - - -
- NCT (Catatan 5b) 107.595 - - -
- PT Paramita Argo Utama (“PAU”) 8.088 7.937 3.818 -
- PT Tataolah Hutani Prima Energi (“THPE”) 8.088 7.937 3.406 -
- PT Dwijaya Sentral Sarana 2.174 1.396 - 477
- OER 1.729 1.860 - -
- PT Garda Satya Mandiri - - 6.255 -
- PT AKR Corporindo Tbk. - - 3.877 -
- Lain-lain (masing-masing di bawah Rp 1.000) 8.322 2.804 4.184 1.808

Hutang lain-lain lancar - pihak ketiga 271.465 21.934 21.540 2.285

Hutang lain-lain tidak lancar - pihak yang berelasi 3.383 - 183 -

Jumlah hutang lain-lain 274.848 21.934 21.723 2.285

Rincian hutang lain-lain berdasarkan mata uang adalah sebagai berikut:

30 April 31 Desember 31 Desember 31 Desember

2011 2010 2009 2008

Rupiah 10.466 3.413 4.431 2.285

Dolar AS 264.382 18.521 17.292 -

274.848 21.934 21.723 2.285

Hutang lain-lain terutama timbul dari biaya manajemen, kewajiban kepada NCT yang ditanggung Perusahaan terkait
dengan akuisisi OPE, dan hutang atas perolehan hubungan pelanggan kontraktual tidak berwujud berkenaan dengan
kompensasi kepada EIRL untuk penyerahan hak kepada Perusahaan sebagai pembeli batubara yang diproduksi di area
konsesi BKL.

Lihat Catatan 28 untuk rincian transaksi dengan pihak yang berelasi.

19. PENDAPATAN DITERIMA DI MUKA

30 April 31 Desember 31 Desember 31 Desember

2011 2010 2009 2008

Pihak ketiga:
- Noble 16.616 37.183 - -

Jumlah pendapatan diterima di muka 16.616 37.183 - -

Pendapatan diterima di muka merupakan pembayaran yang diterima dari pelanggan dimana batubara belum dikirim pada
tanggal neraca.

355
PT ATLAS RESOURCES Tbk. (dahulu PT ENERGI KALTIM PERSADA) Halaman 39
DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
30 APRIL 2011 DAN 2010 DAN 31 DESEMBER 2010, 2009, DAN 2008
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain)

20. HUTANG SEWA PEMBIAYAAN

30 April 31 Desember 31 Desember 31 Desember

2011 2010 2009 2008

Pihak ketiga:
- PT Astra Sedaya Finance 16.243 20.891 - -
- PT Chandra Sakti Utama Leasing 6.189 7.768 - -
- PT Orix Indonesia Finance 5.575 6.238 - -
- PT Buana Finance Tbk. 5.114 2.795 - -
- PT BCA Finance 3.088 2.372 2.272 -
- PT Toyota Astra Financial Services 2.728 1.916 - -
- PT Niaga Finance 218 - - -
- PT Dipo Star Finance 86 249 702 1.101

Jumlah hutang sewa pembiayaan 39.241 42.229 2.974 1.101

Dikurangi:
Bagian yang akan jatuh tempo dalam satu tahun (23.350) (22.793 ) (1.320) (399)

Bagian jangka panjang 15.891 19.436 1.654 702

Hutang sewa pembiayaan terkait dengan kendaraan.

Pembayaran minimum sewa pembiayaan di masa yang akan datang berdasarkan perjanjian sewa pembiayaan adalah
sebagai berikut:

30 April 31 Desember 31 Desember 31 Desember

2011 2010 2009 2008

Jatuh tempo kurang dari 1 tahun 26.058 25.330 1.642 516

Jatuh tempo lebih dari 1 tahun
namun kurang dari 5 tahun 16.304 21.033 1.818 775

42.362 46.363 3.460 1.291

Dikurangi:
Biaya bunga yang belum jatuh tempo (3.121) (4.134) (486) (190)

Nilai kini pembayaran minimum

hutang sewa pembiayaan 39.241 42.229 2.974 1.101

Semua aset sewa pembiayaan digunakan sebagai agunan atas perjanjian sewa pembiayaan terkait.

21. MODAL SAHAM

Struktur pemegang saham Perusahaan pada tanggal 30 April 2011 dan 31 Desember 2010, 2009, dan 2008 adalah
sebagai berikut:

30 April 2011
Jumlah saham Persentase
Jumlah modal ditempatkan kepemilikan
Pemegang saham dasar dan disetor (%) Jumlah

CVU 246.024 52,35 246.024

Andre Abdi 189.001 40,21 189.001
Jay Tjandrawijaya Oentoro 17.350 3,69 17.350
Joko Kus Sulistyoko 7.050 1,50 7.050
Pranata Hajadi 7.050 1,50 7.050
Aulia Setiadi 3.525 0,75 3.525

836.000 470.000 100 470.000

31 Desember 2010
Jumlah saham Persentase
Jumlah modal ditempatkan kepemilikan
Pemegang saham dasar dan disetor (%) Jumlah

Andre Abdi 180.001 90 180.001

CVU 19.999 10 19.999

380.000 200.000 100 200.000

356
PT ATLAS RESOURCES Tbk. (dahulu PT ENERGI KALTIM PERSADA) Halaman 40
DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
30 APRIL 2011 DAN 2010 DAN 31 DESEMBER 2010, 2009, DAN 2008
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain)

21. MODAL SAHAM (lanjutan)

31 Desember 2009
Jumlah saham Persentase
Jumlah modal ditempatkan kepemilikan
Pemegang saham dasar dan disetor (%) Jumlah

CVU 19.999 99,995 19.999

Andre Abdi 1 0,005 1

50.000 20.000 100 20.000

31 Desember 2008
Jumlah saham Persentase
Jumlah modal ditempatkan kepemilikan
Pemegang saham dasar dan disetor (%) Jumlah

CVU 599 99,83 599

Andre Abdi 1 0,17 1

50.000 600 100 600

Berdasarkan Akta Notaris No. 63 dan 64 tertanggal 30 April 2008 yang dibuat di hadapan Ilmiawan Dekrit S, S.H., notaris
di Jakarta, seluruh pemegang saham Perusahaan dalam Rapat Umum Pemegang Saham Luar Biasa (“RUPSLB”) pada
tanggal 30 April 2008, menyetujui untuk menjuaI dan menyerahkan 599 lembar saham yang dimiliki oleh Brigita Hadianto
dan 1 lembar saham yang dimiliki oleh Adiwidya Iman Rahayu masing-masing kepada CVU dan Andre Abdi.

Berdasarkan Akta Notaris No. 16 tertanggal 11 September 2008 yang dibuat di hadapan Merryana Suryana, S.H., notaris
di Jakarta, seluruh pemegang saham Perusahaan dalam RUPSLB pada tanggal 11 September 2008, menyetujui untuk
meningkatkan modal dasar yang semula sebesar Rp 20.000 menjadi sebesar Rp 50.000 dan untuk meningkatkan modal
ditempatkan dan disetor menjadi sebesar Rp 19.400 yang diambil dan dibayarkan oleh CVU. Per 31 Desember 2008,
CVU telah membayarkan sebesar Rp 13.831 dan disajikan sebagai akun “uang muka setoran modal” dalam laporan
posisi keuangan (neraca) konsolidasian.

Berdasarkan RUPSLB pada tanggal 15 Februari 2010, yang disahkan dalam Akta Notaris No. 8 tertanggal 15 Februari
2010 yang dibuat di hadapan Merryana Suryana, S.H., notaris di Jakarta, para pemegang saham Perusahaan menyetujui
peningkatan modal dasar yang semula sebesar Rp 50.000 (50.000 Iembar) menjadi sebesar Rp 380.000 (380.000
lembar) dengan nilai nominal Rp 1.000.000 (nilai penuh) per lembar. Modal disetor Perusahaan juga meningkat dari
semula sebesar Rp 20.000 menjadi sebesar Rp 110.000.

Berdasarkan RUPSLB pada tanggal 22 September 2010, yang disahkan dalam Akta Notaris No. 22 tertanggal 22
September 2010 yang dibuat di hadapan Merryana Suryana, S.H., notaris di Jakarta, para pemegang saham Perusahaan
menyetujui penerbitan saham baru sebesar 90.000 lembar (nilai nominal Rp 1.000.000 (nilai penuh) per lembar) yang
akan dibayar oleh Andre Abdi.

Berdasarkan RUPSLB pada tanggal 2 Februari 2011, yang disahkan dalam Akta Notaris No. 4 tertanggal 2 Februari 2011
yang dibuat di hadapan Merryana Suryana, S.H., notaris di Jakarta, para pemegang saham Perusahaan menyetujui untuk
menerbitkan 9.000 lembar saham tambahan dengan nilai nominal Rp 1.000.000 (nilai penuh) per lembar.

Berdasarkan RUPSLB pada tanggal 30 Maret 2011, yang disahkan dalam Akta Notaris No. 38 tertanggal 30 Maret 2011
yang dibuat di hadapan Merryana Suryana, S.H., notaris di Jakarta, para pemegang saham Perusahaan menyetujui untuk
meningkatkan modal dasar yang semula sebesar Rp 380.000 (380.000 lembar) menjadi sebesar Rp 836.000 (836.000
lembar).

Berdasarkan RUPSLB pada tanggal 31 Maret 2011, yang disahkan dalam Akta Notaris No. 69 tertanggal 31 Maret 2011
yang dibuat di hadapan Merryana Suryana, S.H., notaris di Jakarta, para pemegang saham Perusahaan menyetujui untuk
menerbitkan 169.001 lembar saham tambahan dengan nilai nominal sebesar Rp 1.000.000 (nilai penuh) per lembar.

Berdasarkan RUPSLB pada tanggal 29 April 2011, yang disahkan dalam Akta Notaris No. 42 tertanggaI 29 April 2011
yang dibuat di hadapan Merryana Suryana, S.H., notaris di Jakarta, para pemegang saham Perusahaan menyetujui untuk
menerbitkan 91.999 lembar saham tambahan dengan nilai nominaI sebesar Rp 1.000.000 (nilai penuh) per lembar.

22. CADANGAN UMUM

Undang-Undang Perseroan Terbatas Republik Indonesia No. 1/1995 yang diterbitkan di bulan Maret 1995, dan telah
diubah dengan Undang-Undang No. 40/2007 yang diterbitkan di bulan Agustus 2007, mengharuskan pembentukan
cadangan umum dari laba bersih sejumlah minimal 20% dari jumlah modal yang ditempatkan dan disetor penuh. Tidak
ada batasan waktu untuk membentuk cadangan tersebut. Pada tanggal 30 April 2011, Grup belum membentuk cadangan
umum sesuai dengan Undang-Undang tersebut.

357
PT ATLAS RESOURCES Tbk. (dahulu PT ENERGI KALTIM PERSADA) Halaman 41
DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
30 APRIL 2011 DAN 2010 DAN 31 DESEMBER 2010, 2009, DAN 2008
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain)

23. PERPAJAKAN

a. Pajak dibayar di muka

30 April 31 Desember 31 Desember 31 Desember

2011 2010 2009 2008

Perusahaan
Pajak pertambahan nilai, bersih 6.321 5.309 463 -

Anak perusahaan
Pajak pertambahan nilai, bersih - - 5 -
Pajak penghasilan pasal 22 73 - - -

Jumlah pajak dibayar di muka 6.394 5.309 468 -

b. Hutang pajak

30 April 31 Desember 31 Desember 31 Desember

2011 2010 2009 2008

Perusahaan
Pajak penghasilan badan 10.371 3.785 2.553 -
Pajak pertambahan nilai, bersih - - - 110
Pajak penghasilan pasal 4(2) 171 165 288 1.096
Pajak penghasilan pasal 21 374 833 851 731
Pajak penghasilan pasal 23 dan 26 8 9 107 18

10.924 4.792 3.799 1.955

Anak perusahaan
Pajak penghasilan badan 4.697 3.173 3.132 2.083
Pajak pertambahan nilai, bersih - - - 973
Pajak penghasilan pasal 4(2) dan
pajak properti 354 - - 27
Pajak penghasilan pasal 15 2 - 4 -
Pajak penghasilan pasal 21 563 188 313 238
Pajak penghasilan pasal 23 dan 26 873 711 971 1.275
Pajak penghasilan pasal 25 1 165 330 -

6.490 4.237 4.750 4.596

Jumlah hutang pajak 17.414 9.029 8.549 6.551

c. Beban/(manfaat) pajak penghasilan

30 April 30 April 31 Desember 31 Desember 31 Desember

2011 2010 2010 2009 2008
(tidak diaudit)

Perusahaan
Kini 6.586 2.415 4.112 2.976 -
Tangguhan 72 (651) (632) (103) (37)

6.658 1.764 3.480 2.873 (37)

Anak perusahaan
Kini 1.928 659 5.144 4.602 2.082
Tangguhan 115 (205) (673) (65) 199

2.043 454 4.471 4.537 2.281

Konsolidasian
Kini 8.514 3.074 9.256 7.578 2.082
Tangguhan 187 (856) (1.305) (168) 162

Jumlah beban
pajak penghasilan, bersih 8.701 2.218 7.951 7.410 2.244

358
PT ATLAS RESOURCES Tbk. (dahulu PT ENERGI KALTIM PERSADA) Halaman 42
DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
30 APRIL 2011 DAN 2010 DAN 31 DESEMBER 2010, 2009, DAN 2008
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain)

23. PERPAJAKAN (lanjutan)

c. Beban/(manfaat) pajak penghasilan (lanjutan)

Rekonsiliasi antara laba/(rugi) sebelum pajak penghasilan dengan estimasi penghasilan kena pajak adalah sebagai
berikut:
30 April 30 April 31 Desember 31 Desember 31 Desember
2011 2010 2010 2009 2008
(tidak diaudit)

Laba/(rugi) konsolidasian
sebelum pajak penghasilan 35.696 5.069 20.416 17.897 (2.073)
Rugi/(laba) sebelum pajak
penghasilan - anak
perusahaan (2.5 03) 262 (11.482) (8.451) (1.082)
Disesuaikan dengan jurnal
eliminasi konsolidasi 4.789 (716) 7.960 4.109 (971)

Laba/(rugi) sebelum pajak

penghasilan - Perusahaan 37.982 4.615 16.894 13.555 (4.126)

Perbedaan temporer:
- Bonus yang masih
harus dibayar 607 708 1.337 - -
- Penyisihan imbalan karyawan 554 1.699 2.181 - -
- Perbedaan penyusutan antara
komersial dan fiskal 3.423 198 855 381 148
- Perbedaan transaksi sewa
pembiayaan antara komersial
dan fiskal (4.874) - (1.844) 130 -

Perbedaan tetap:
- Perbedaan penyusutan antara
komersial dan fiskal - - 43 - -
- Perbedaan transaksi sewa
pembiayaan antara komersial
dan fiskal - - 232 - -
- Penghasilan yang telah
dikenakan pajak final - (2) (19) (24) (56)
- Sumbangan 444 276 743 1.138 272
- Biaya yang tidak dapat
dikurangkan menurut pajak 1.559 1.464 3.987 3.299 2.084
- Keuntungan dari penjualan
investasi pada
anak perusahaan (3.272) - - (3.035) -
- Rugi/(laba) dari investasi
pada anak perusahaan (10.078) 703 (7.960) (4.109) 971

26.345 9.661 16.449 11.335 (707)

Dikurangi:
Penggunaan rugi fiskal
tahun sebelumnya - - - (707) -

Laba kena pajak/(rugi fiskal) 26.345 9.661 16.449 10.628 (707)

Pajak penghasilan kini -

Perusahaan 6.586 2.415 4.112 2.976 -
Pajak penghasilan kini -
anak perusahaan 1.928 659 5.144 4.602 2.082

Pajak penghasilan kini -

konsolidasian 8.514 3.074 9.2 56 7.578 2.082

Pajak penghasilan kini dihitung berdasarkan taksiran penghasilan kena pajak. Nilai tersebut mungkin disesuaikan
pada saat Surat Pemberitahuan Tahunan Pajak (“SPT”) disampaikan ke Kantor Pelayanan Pajak.

Laba kena pajak untuk tahun yang berakhir pada 31 Desember 2010 berbeda sebesar Rp 49 dengan SPT yang
disebabkan oleh perbedaan perhitungan biaya yang tidak dapat dikurangkan.

Laba kena pajak untuk tahun yang berakhir pada 31 Desember 2009 dan 2008 telah sesuai dengan SPT yang
disampaikan ke DJP.

359
PT ATLAS RESOURCES Tbk. (dahulu PT ENERGI KALTIM PERSADA) Halaman 43
DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
30 APRIL 2011 DAN 2010 DAN 31 DESEMBER 2010, 2009, DAN 2008
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain)

23. PERPAJAKAN (lanjutan)

c. Beban/(manfaat) pajak penghasilan (lanjutan)

Rekonsiliasi antara beban/(manfaat) pajak penghasilan dengan hasil perkalian laba/(rugi) akuntansi sebelum pajak
penghasilan dan tarif pajak yang berlaku adalah sebagai berikut:

30 April 30 April 31 Desember 31 Desember 31 Desember

2011 2010 2010 2009 2008
(tidak diaudit)

Laba/(rugi) konsolidasian
sebelum pajak penghasilan 35.696 5.069 20.416 17.897 (2.073)
Rugi/(laba) sebelum pajak
penghasilan - anak perusahaan (2.503) 262 (11.482) (8.451) (1.082)
Disesuaikan dengan jurnal
eliminasi konsolidasi 4.789 (716) 7.960 4.109 (971)

Laba/(rugi) sebelum pajak

penghasilan - Perusahaan 37.982 4.615 16.894 13.555 (4.126)

Pajak dihitung dengan tarif 25%

(2009: 28%, 2008: 30%) 9.495 1.154 4.223 3.795 (1.238)
Perbedaan penyusutan antara
komersial dan fiskal - - 11 - -
Perbedaan transaksi
sewa pembiayaan antara
komersial dan fiskal - - 58 - -
Penghasilan yang telah
dikenakan pajak final - (1) (5) (7) (17)
Sumbangan 111 69 186 319 82
Biaya yang tidak dapat
dikurangkan menurut pajak 390 366 997 924 625
Keuntungan dari penjualan
investasi pada anak perusahaan (850) - - (850) -
Laba/(rugi) dari investasi pada
anak perusahaan (2.488) 176 (1.990) (1.151) 291
Penyesuaian terhadap
perubahan tarif pajak - - - 41 43

6.658 1.764 3.480 3.071 (214)

Aset pajak tangguhan yang tidak

diakui - - - - 177

Dikurangi:
Penggunaan rugi fiskal
tahun sebelumnya - - - (198) -

- - - (198) 177

Beban/(manfaat) pajak
penghasilan - Perusahaan 6.658 1.764 3.480 2.873 (37)
Beban/(manfaat) pajak
penghasilan - anak perusahaan 2.043 454 4.471 4.537 2.281

Beban pajak penghasilan,

bersih - konsolidasian 8.701 2.218 7.951 7.410 2.244

Perusahaan telah mengakumulasi kerugian fiskal yang dapat dipakai sebagai pengurang penghasilan kena pajak di
masa mendatang selama lima tahun sebagaimana ditetapkan dalam peraturan pajak yang berlaku.

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DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
30 APRIL 2011 DAN 2010 DAN 31 DESEMBER 2010, 2009, DAN 2008
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain)

23. PERPAJAKAN (lanjutan)

d. Aset pajak tangguhan

30 April 31 Desember 31 Desember 31 Desember

2011 2010 2009 2008
Perusahaan
Rugi fiskal yang dikompensasi
ke masa pajak berikut - - - 177
Perbedaan penyusutan antara
komersial dan pajak - - 133 37
Perbedaan transaksi sewa pembiayaan
antara komersial dan pajak - - 7 -
Aset pajak tangguhan yang
tidak diakui - - - (177)
- - 140 37
Aset pajak tangguhan
pada awal periode/tahun - 140 37 -
Dibebankan pada laporan laba/
(rugi) komprehensif konsolidasian - (140) 103 37
Aset pajak tangguhan
pada akhir periode/tahun - - 140 37
Anak perusahaan
Rugi fiskal yang dikompensasi
ke masa pajak berikut 5.544 - - -
Bonus yang masih harus dibayar 312 248 - -
Penyisihan imbalan karyawan 584 305 - -
Perbedaan penyusutan antara
komersial dan fiskal 173 134 - -
Perbedaan transaksi sewa
pembiayaan antara
komersial dan fiskal (257) (216) - -
Amortisasi biaya eksplorasi dan
pengembangan yang
ditangguhkan 219 68 - -
6.575 539 - -
Aset pajak tangguhan
pada awal periode/tahun 539 - - -
Penambahan karena akuisisi 6.147 - - -
Dibebankan pada laporan
laba/(rugi) komprehensif konsolidasian (111) 539 - -

Aset pajak tangguhan pada

akhir periode/tahun 6.575 539 - -
Konsolidasian
Rugi fiskal yang dikompensasi
ke masa pajak berikut 5.544 - - 177
Bonus yang masih harus dibayar 312 248 - -
Penyisihan imbalan karyawan 584 305 - -
Perbedaan penyusutan antara
komersial dan fiskal 173 134 133 37
Perbedaan transaksi sewa
pembiayaan antara
komersial dan fiskal (257) (216) 7 -
Amortisasi biaya eksplorasi
dan pengembangan
yang ditangguhkan 219 68 - -
Aset pajak tangguhan yang
tidak diakui - - - (177)
6.575 539 140 37
Aset pajak tangguhan
pada awal periode/tahun 539 140 37 -
Penambahan karena akuisisi 6.147 - - -
Dibebankan pada laporan laba/
(rugi) komprehensif konsolidasian (111) 399 103 37
Aset pajak tangguhan
pada akhir periode/tahun 6.575 539 140 37

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DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
30 APRIL 2011 DAN 2010 DAN 31 DESEMBER 2010, 2009, DAN 2008
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain)

23. PERPAJAKAN (lanjutan)

e. Liabilitas pajak tangguhan

30 April 31 Desember 31 Desember 31 Desember

2011 2010 2009 2008

Perusahaan
Bonus yang masih harus dibayar 486 334 - -
Penyisihan imbalan karyawan 684 545 - -
Perbedaan penyusutan antara
komersial dan pajak 1.202 346 - -
Perbedaan transaksi sewa pembiayaan
antara komersial dan pajak (1.672) (453) - -
Properti pertambangan (12.688) (1.514) - -

(11.988) (742) - -

Liabilitas pajak tangguhan pada

awal periode/tahun (742) - - -
Penambahan karena akuisisi (11.174) (1.514) - -
Dibebankan pada laporan laba/(rugi)
komprehensif konsolidasian (72) 772 - -

Liabilitas pajak tangguhan pada

akhir periode/tahun (11.988) (742) - -

Anak perusahaan
Perbedaan penyusutan antara
komersial dan pajak 3 - 90 55
Perbedaan transaksi sewa pembiayaan
antara komersial dan pajak (7) - (154) (105)
Amortisasi biaya ekplorasi dan
pengembangan yang ditangguhkan - - (70) (149)

(4) - (134) (199)

Liabilitas pajak tangguhan pada
awal periode/tahun - (134) (199) -
Dibebankan pada laporan laba/(rugi)
komprehensif konsolidasian (4) 134 65 (199)

Liabilitas pajak tangguhan pada

akhir periode/tahun (4) - (134) (199)

Konsolidasian
Bonus yang masih harus dibayar 486 334 - -
Penyisihan imbalan karyawan 684 545 - -
Perbedaan penyusutan antara
komersial dan pajak 1.205 346 90 55
Perbedaan transaksi sewa pembiayaan
antara komersial dan pajak (1.679) (453) (154) (105)
Amortisasi biaya eksplorasi dan
pengembangan yang ditangguhkan - - (70) (149)
Properti pertambangan (12.688) (1.514 ) - -

(11.992) (742) (134) (199)

Liabilitas pajak tangguhan pada
awal periode/tahun (742) (134) (199) -
Penambahan karena akuisisi (11.174) (1.514) - -
Dibebankan pada laporan laba/(rugi)
komprehensif konsolidasian (76) 906 65 (199)

Liabilitas pajak tangguhan pada

akhir periode/tahun (11.992) (742) (134) (199)

f. Surat Tagihan Pajak

Perusahaan menerima beberapa Surat Tagihan Pajak terutama disebabkan oleh keterlambatan pembayaran pajak
bulanan. Jumlah dalam Surat Tagihan Pajak tersebut telah dicatat dalam laporan laba/(rugi) komprehensif
konsolidasian sebagai denda pajak.

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DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
30 APRIL 2011 DAN 2010 DAN 31 DESEMBER 2010, 2009, DAN 2008
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain)

23. PERPAJAKAN (lanjutan)

g. Administrasi

Berdasarkan Undang-Undang Perpajakan yang berlaku di Indonesia, Perusahaan dan anak perusahaan
menghitung, menetapkan, dan membayar sendiri besarnya jumlah pajak yang terhutang. DJP dapat menetapkan
atau mengubah liabilitas pajak dalam batas waktu sepuluh tahun sejak saat terhutangnya pajak atau akhir tahun
2013, mana yang lebih awal. Ada ketentuan baru yang diberlakukan terhadap tahun pajak 2008 dan tahun-tahun
selanjutnya yang menentukan bahwa DJP dapat menetapkan dan mengubah liabilitas pajak tersebut dalam batas
waktu lima tahun sejak saat terhutangnya pajak.

h. Perubahan terhadap peraturan perpajakan

Pada tanggal 3 September 2008, Dewan Perwakilan Rakyat menyetujui perubahan Undang -Undang Pajak
Penghasilan. Undang-Undang ini kemudian ditandatangani Presiden Republik Indonesia pada tanggal 23 September
2008. Salah satu dari perubahan tersebut adalah ditetapkannya tarif tetap untuk pajak penghasilan badan menjadi
28% mulai 1 Januari 2009 dan kemudian dikurangi menjadi 25% mulai 1 Januari 2010.

24. PENDAPATAN USAHA

30 April 30 April 31 Desember 31 Desember 31 Desember
2011 2010 2010 2009 2008
(tidak diaudit)

Penjualan batubara 293.521 134.533 558.959 345.302 120.638

Sewa 9.988 - 9.745 - -
Komisi - 10.563 24.514 24.240 10.585
Supervisi - - - 17.630 9.923

Jumlah pendapatan usaha 303.509 145.096 593.218 387.172 141.146

Semua pendapatan dihasilkan dari pihak ketiga. Rincian pelanggan yang memiliki transaksi lebih dari 10% dari jumlah
pendapatan adalah sebagai berikut:

30 April 30 April 31 Desember 31 Desember 31 Desember

2011 2010 2010 2009 2008
(tidak diaudit)

- Noble 263.218 - 185.247 - -

- MGI - 145.096 373.492 370.543 141.146

263.218 145.096 558.739 370.543 141.146

25. BIAYA SEHUBUNGAN DENGAN PENDAPATAN

30 April 30 April 31 Desember 31 Desember 31 Desember

2011 2010 2010 2009 2008
(tidak diaudit)

Penjualan dan penambangan batubara

Biaya penambangan 120.810 99.498 321.850 261.912 74.193
Iuran eksploitasi 16.507 7.293 30.640 16.299 7.315
Amortisasi 11.761 549 5.689 1.332 420
Sewa 9.022 6.578 24.192 22.841 8.037
Penyusutan 9.009 2.950 13.979 8.906 1.034
Biaya manajemen 8.853 10.173 36.234 24.260 7.683
Biaya karyawan 7.864 4.716 14.873 10.448 3.112
Suku cadang 4.927 2.073 6.947 6.289 4.567
Perbaikan dan perawatan 4.044 997 2.847 2.674 2.077
Analisa dan sampling 1.352 1.546 5.176 4.764 997
Perjalanan dinas dan transportasi 1.127 664 2.478 2.783 4.534
Jasa profesional 981 1.314 3.742 3.302 211
Biaya pengangkutan dan jasa handling 199 18 71 5.496 808
Lain-lain (masing-masing
di bawah Rp 300) 1.988 273 3.539 310 160

198.444 138.642 472.257 371.616 115.148

Persediaan batubara
Saldo awal 42.086 81.373 81.373 24.405 -
Akuisisi anak perusahaan 43.500 - - - -
Saldo akhir (35.446 ) (91.183) (42.086 ) (81.373) (24.405 )

Penurunan/(kenaikan)
persediaan batubara 50.140 (9.810) 39.287 (56.968) (24.405 )

Jumlah biaya sehubungan

dengan pendapatan 248.584 128.832 511.544 314.648 90.743
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DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
30 APRIL 2011 DAN 2010 DAN 31 DESEMBER 2010, 2009, DAN 2008
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain)

25. BIAYA SEHUBUNGAN DENGAN PENDAPATAN (lanjutan)

Produksi batubara Grup dan oleh karena itu biaya penambangan bersifat musiman tergantung dari berbagai faktor
termasuk cuaca dan nisbah kupas (stripping ratio).

Rincian pemasok yang memiliki transaksi lebih dari 10% dari jumlah biaya sehubungan dengan pendapatan:

30 April 30 April 31 Desember 31 Desember 31 Desember

2011 2010 2010 2009 2008
(tidak diaudit)

Pihak ketiga:
- Madhani 92.771 81.448 319.481 272.545 77.840
- Ricobanna 25.093 - - - -

Jumlah 117.864 81.448 319.481 272.545 77.840

26. BEBAN USAHA

30 April 30 April 31 Desember 31 Desember 31 Desember

2011 2010 2010 2009 2008
(tidak diaudit)

Biaya karyawan 19.508 11.415 27.882 34.498 13.579

Sewa 3.959 1.871 7.527 10.890 6.978
Jasa profesional 3.850 609 3.068 4.518 2.488
Penyusutan 2.207 697 2.297 1.617 645
Perjalanan dinas dan transportasi 1.984 405 2.740 6.522 4.787
Sumbangan 1.076 1.336 4.597 2.852 416
Biaya perizinan 280 525 1.652 2.904 1.489
Biaya pemasaran 49 62 145 2.139 478
Biaya keamanan 40 6 259 1.937 312
Lain-lain 5.2 77 2.410 6.246 6.236 5.095

Jumlah biaya operasi 38.230 19.336 56.413 74.113 36.267

27. BIAYA KARYAWAN

30 April 30 April 31 Desember 31 Desember 31 Desember

2011 2010 2010 2009 2008
(tidak diaudit)

Biaya karyawan 29.394 21.325 64.949 44.946 16.691

29.394 21.325 64.949 44.946 16.691

Jumlah remunerasi yang dibayarkan kepada Dewan Direksi dan Dewan Komisaris Grup adalah sebesar Rp 5.010
(30 April 2010: Rp 3.866 - tidak diaudit; 31 Desember 2010: Rp 13.658; 31 Desember 2009: Rp 9.746; 31 Desember
2008: Rp 4.957).

28. TRANSAKSI DENGAN PIHAK YANG BERELASI

a. Piutang lain-lain tidak lancar

30 April 31 Desember 31 Desember 31 Desember

2011 2010 2009 2008

- Komisaris dan direksi 12.582 5.3 80 1.547 5.8 64

- PT Gourmet World 3.754 3.806 1.600 -
- PT Garda Satya Mandiri 2.524 - - -
- Muddai Madang 1.955 - - -
- PT Dwisaka Multi Prima 1.750 - - -
- CVU 830 10.732 10.569 5.000
- PT Geraldo Energi* - - - 5.504
- Lain-lain 426 293 - 323

23.821 20.211 13.716 16.691

Persentase terhadap jumlah aset 1,74% 3,74% 4,61% 9,44%

(*) PT Geraldo Energi adalah pihak yang berelasi sebelum API diakuisisi oleh OPE pada bulan Juli 2009.

Piutang lain-lain dari pihak yang berelasi terutama muncul dari piutang dari komisaris dan direksi dan pinjaman untuk
modal kerja pihak yang berelasi. Pinjaman ini tidak dikenakan bunga dan tidak ada jangka waktu pembayaran yang pasti.

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DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
30 APRIL 2011 DAN 2010 DAN 31 DESEMBER 2010, 2009, DAN 2008
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain)

28. TRANSAKSI DENGAN PIHAK YANG BERELASI (lanjutan)

b. Hutang lain-lain tidak lancar

30 April 31 Desember 31 Desember 31 Desember

2011 2010 2009 2008

- PT Garda Satya Mandiri 1.840 - - -

- PT Anugrah Geo Survey 995 - - -
- PT Gourmet World 159 - 183 -
- Lain-lain 389 - - -

3.383 - 183 -

Persentase terhadap jumlah liabilitas 0,40% - 0,07% -

c. Sifat hubungan dengan pihak yang berelasi

Hubungan dengan
Pihak yang berelasi pihak yang berelasi Transaksi

Komisaris dan direksi Komisaris dan direksi Piutang lain-lain

PT Gourmet World Entitas sepengendali Pinjaman dan uang muka penyediaan

makanan

PT Garda Satya Mandiri Pemegang saham OPE Pinjaman dan piutang lain-lain

Muddai Madang Afiliasi Piutang lain-lain

PT Dwisaka Multi Prima Afiliasi Piutang lain-lain

CVU Pemegang saham Pinjaman dan piutang lain-lain

PT Geraldo Energi Afiliasi Piutang lain-lain

PT Anugrah Geo Survey Afiliasi Hutang lain-lain

Kebijakan harga Grup terkait dengan transaksi dengan pihak yang berelasi ditentukan berdasarkan harga kontrak
atau perjanjian dengan pihak-pihak bersangkutan.

29. LABA/(RUGI) PER SAHAM DASAR DAN DILUSIAN

Laba/(rugi) per saham dasar dihitung dengan membagi total laba/(rugi) komprehensif dengan rata-rata tertimbang jumlah
saham biasa yang beredar pada periode/tahun yang bersangkutan.

30 April 30 April 31 Desember 31 Desember 31 Desember

2011 2010 2010 2009 2008
(tidak diaudit)

Total laba/(rugi) komprehensif yang

diatribusikan kepada pemegang
saham 33.514 2.851 13.320 10.682 (4.089)
Rata-rata tertimbang jumlah saham
biasa yang beredar 251.792 76.251 123.809 20.000 6.500

Laba/(rugi) per saham dasar dan

dilusian (nilai penuh) 133.102 37.390 107.585 534.100 (629.077)

Perusahaan tidak memiliki saham dilutif selama periode di atas, sehingga laba/(rugi) per saham dilusian sama dengan
laba/(rugi) per saham dasar.

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DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
30 APRIL 2011 DAN 2010 DAN 31 DESEMBER 2010, 2009, DAN 2008
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain)

30. KOMITMEN DAN PERJANJIAN PENTING

Komitmen dan perjanjian di bawah ini ditandatangani Perusahaan atau anak perusahaan dengan pihak yang tidak berelasi.

a. Kontrak penjualan batubara

Pada tanggal 13 Agustus 2010, Perusahaan menandatangani kontrak penjualan batubara dengan Noble, dimana
Noble menyetujui untuk membeli batubara BBE dari Perusahaan. Perjanjian ini berlaku efektif dari tanggal
ditandatanganinya kontrak dan berlanjut hingga kontrak dihentikan atau berakhirnya Konsesi Pertambangan BBE
(termasuk perpanjangan atau pembaharuannya).

Pada tanggal 18 November 2010, AE menandatangani kontrak penjualan batubara dengan Tecnica. Berdasarkan
kontrak tersebut, AE diwajibkan untuk mengirim batubara kepada Tecnica berdasarkan harga dan kuantitas yang
disepakati setiap kuartal. Selain itu, AE diwajibkan untuk membayar biaya jasa pemasaran sebesar 5% dari harga
FOB sales barge yang dijual kepada Tecnica. Kontrak tersebut tidak menyebutkan tanggal berakhirnya perjanjian
tersebut.

Pada tanggal 27 April 2011, Perusahaan dan Noble menandatangani perjanjian dimana Noble akan membeli batubara
CGA, KEP, dan GPU dari AR dalam jumlah tertentu selama umur tambang CGA, KEP, dan GPU. Perjanjian ini berlaku
efektif sampai dengan berakhirnya umur tambang atau apabila jumlah maksimum yang ditentukan telah tercapai, mana
yang lebih dahulu. Jumlah maksimum yang dimaksud adalah mana yang lebih besar antara suatu jumlah tertentu dari
batubara yang dihasilkan tiap area konsesi (750.000 metrik ton untuk CGA dan KEP, dan 5.700.000 metrik ton untuk
GPU) atau 75% dari produksi tambang CGA, KEP, dan GPU.

b. Jasa penambangan batubara

Pada tanggal 31 Oktober 2007, BBE menandatangani kontrak jasa penambangan batubara dengan Madhani.
Berdasarkan kontrak ini, BBE diwajibkan untuk membayar kepada Madhani biaya jasa berdasarkan tarif tertentu atas
pekerjaan penambangan batubara dan tanah kupasan, pengeboran, peledakan, dan pengangkutan. Madhani akan
menyediakan semua peralatan, mesin, alat, dan pendukung lainnya yang diperlukan untuk jasa penambangan dan
transportasi tersebut, dan diwajibkan untuk memenuhi produksi minimum yang telah ditentukan. Kontrak ini akan berakhir
48 bulan sejak tanggal penandatanganan atau pada saat produksi batubara telah mencapai 6,08 juta ton, mana yang
tercapai terlebih dahulu. Total nilai perjanjian ini diestimasi sebesar AS$ 105.158.383.

Pada tanggal 26 November 2009, DKB menandatangani kontrak jasa penambangan batubara dengan Ricobana.
Berdasarkan kontrak ini, DKB diwajibkan untuk membayar kepada Ricobana biaya jasa berdasarkan formula tertentu
yang mencakup jumlah batubara dan tanah kupasan yang ditambang dan dipindahkan (bervariasi antara AS$1,45/BCM
dan AS$0,74/ton tergantung pada jenis pekerjaan yang dilakukan). Ricobana akan menyediakan semua peralatan, mesin,
alat, dan pendukung lainnya yang diperlukan untuk jasa penambangan dan transportasi tersebut, dan diwajibkan untuk
memenuhi produksi minimum yang telah ditentukan. Kontrak ini akan berakhir 3 tahun sejak tanggal 1 Maret 2010.

c. Jasa operasi tambang dan konsultasi

Pada tanggal 3 Mei 2007, BBE mengadakan perjanjian dengan THPE dan PAU untuk jasa operasi tambang dan
konsultasi yang akan diberikan oleh THPE dan PAU. Perjanjian ini berlaku sejak tanggal penandatanganan sampai
dengan berakhirnya masa manfaat dari tambang atau akibat diakhirinya perjanjian ini menurut ketentuan-ketentuan
dalam perjanjian tersebut. Tarif jasa yang dikenakan oleh kedua belah pihak tersebut adalah sebesar AS$ 1.25 per
metrik ton batubara yang ditambang dari area konsesi BBE dan dihitung berdasarkan jumlah yang dikapalkan
(setelah pajak).

Pada tanggal 2 Desember 2010, BBE mengadakan kesepakatan bersama dengan THPE dan PAU untuk mengatur
jadwal dan jumlah yang dibayarkan oleh Perusahaan. Perjanjian terakhir ini harus dipandang sebagai satu kesatuan
dan tidak terpisahkan dengan perjanjian sebelumnya yang ditandatangani pada tanggal 3 Mei 2007.

d. Kontrak sewa alat berat

Pada tanggal 12 Agustus 2010, BBE menandatangani kontrak sewa alat berat dengan PT Berau Prima Mulia
(“BPM”). Berdasarkan kontrak tersebut, BPM akan menyediakan alat berat dan BBE berkewajiban untuk membayar
biaya jasa tersebut berdasarkan tarif tertentu (bervariasi antara Rp0,16 - Rp0,34/jam tergantung jenis alat berat yang
disewa). Kontrak ini berakhir pada 20 April 2011.

Pada tanggal 11 Maret 2010, HE menandatangani kontrak sewa alat berat dengan CV Lancar Cipta Jaya (“LCJ”).
Berdasarkan kontrak tersebut, LCJ akan menyediakan alat berat dan HE berkewajiban untuk membayar biaya jasa
tersebut berdasarkan tarif tertentu (bervariasi antara Rp0,14 - Rp0,21/hari tergantung jenis alat berat yang disewa).
Kontrak ini tidak menyebutkan masa akhir berlakunya perjanjian.

Pada bulan Desember 2010, HE menandatangani kontrak sewa alat berat dengan CV Panca Sukses Makmur
(“PSM”). Berdasarkan kontrak tersebut, PSM akan menyediakan alat berat dan HE berkewajiban untuk membayar
biaya jasa tersebut berdasarkan tarif tertentu (bervariasi antara Rp32,45 – Rp52,8/bulan tergantung jenis alat berat
yang disewa). Kontrak ini berlaku selama satu tahun dari 1 Desember 2010.

Pada tanggal 1 November 2010, Perusahaan menandatangani kontrak sewa alat berat dengan OER. Berdasarkan
kontrak tersebut, Perusahaan akan menyediakan alat berat dan OER berkewajiban untuk membayar biaya jasa
tersebut berdasarkan tarif tertentu (bervariasi antara Rp 6 – Rp15/bulan dan AS$1,400 – AS$15,400/bulan
tergantung jenis alat berat yang disewa). Kontrak ini berlaku selama dua tahun sejak tanggal penandatanganan
kontrak dan dapat diperpanjang untuk tahun berikutnya.

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DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
30 APRIL 2011 DAN 2010 DAN 31 DESEMBER 2010, 2009, DAN 2008
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain)

30. KOMITMEN DAN PERJANJIAN PENTING (lanjutan)

e. Iuran eksploitasi kepada Pemerintah

Berdasarkan Peraturan Pemerintah (“PP”) No. 45/2003, semua pemegang kuasa pertambangan mempunyai
kewajiban untuk membayar iuran eksploitasi yang berkisar antara 3% - 7% dari nilai penjualan, setelah dikurangi
dengan biaya penjualan. Grup mengakui iuran ini dengan metode akrual.

Pada tanggal 13 Oktober 2009, Menteri Energi dan Sumber Daya Mineral (“ESDM”) mengeluarkan Surat Edaran No.
32.E/35/DJB/2009 yang merubah basis perhitungan iuran eksploitasi dari penjualan bersih menjadi penjualan kotor.
Surat ini berlaku efektif sejak tanggal penerbitannya.

f. Perjanjian pengangkutan batubara dengan PT Atha Marth Naha Kramo

Pada tanggal 1 Juni 2010, DKB menandatangani kontrak jasa pengangkutan batubara dengan PT Atha Marth Naha
Kramo (“Atha”). Berdasarkan kontrak ini, DKB diwajibkan untuk membayar kepada Atha biaya jasa pengangkutan
batubara bulanan. Atha akan menyediakan semua peralatan, mesin, alat, dan pendukung lainnya yang diperlukan untuk
jasa transportasi tersebut, dan diwajibkan untuk memenuhi kuantitas minimum yang telah ditentukan. Kontrak ini akan
berakhir 2 tahun sejak tanggal penandatanganan.

g. Kontrak kerjasama penggunaan jalan pengangkutan batubara

Pada tanggal 3 Agustus 2009, BBE dan PT Tanjung Redep Hutani (“TRH”) menandatangani kontrak kerjasama
penggunaan jalan pengangkutan batubara untuk penggunaan jalan yang terletak di dalam area konsesi TRH.
Berdasarkan kontrak ini, BBE diwajibkan membayar biaya jasa sebesar AS$ 30 sen untuk setiap produksi batubara yang
dihasilkan BBE. Kontrak ini berlaku dari tanggal 3 Maret 2009 sa mpai berakhirnya masa produksi BBE.

Pada tanggal 8 Desember 2009, DKB dan PT Gunungbayan Pratama Coal (“GBPC”) menandatangani kontrak kerjasama
penggunaan jalan pengangkutan batubara sepanjang 16 kilometer untuk pengangkutan batubara DKB. Berdasarkan
kontrak ini, DKB diwajibkan membayar biaya jasa sebesar AS$2 per metrik ton batubara yang diangkut. DKB juga harus
bertanggungjawab atas biaya pembangunan jalan angkut ini dengan kontribusi maksimum sebesar AS$500.000. Kontrak
ini berlaku sampai berakhirnya periode tambang DKB atau maksimum selama enam tahun.

Pada tanggal 6 September 2009, HE dan PT Musi Hutan Persada (“MHP”) menandatangani kontrak kerjasama
penggunaan jalan pengangkatan batubara untuk penggunaan jalan yang terletak di dalam area konsesi MHP.
Berdasarkan kontrak ini, HE diwajibkan membayar biaya jasa tertentu berdasarkan jumlah batubara yang diangkut.
Kontrak ini tidak menyebutkan masa akhir berlakunya perjanjian.

h. Kontrak persiapan site dan sewa alat berat dengan CV Refanza Utama

Pada tanggal 11 Januari 2010, DKB menandatangani kontrak persiapan site dan konstruksi dengan CV Refanza
Utama. Lingkup pekerjaan meliputi mekanisasi persiapan site dan mekanisasi konstruksi jalan angkut. Biaya yang
dikenakan berdasarkan pada tarif tertentu per bcm dan tarif per jam sesuai dengan spesifikasi peralatan. Perubahan
atas kontrak ini ditandatangani pada tanggal 11 Juli 2010. Kontrak tersebut berakhir pada 30 September 2010.

Pada tanggal 12 April 2011, DKB menandatangani kontrak sewa alat berat dengan CV Refanza Utama. Berdasarkan
kontrak ini, CV Refanza Utama akan menyediakan peralatan berat, alat servis, dan fasilitas pendukung kegiatan
penambangan. Biaya sewa yang dikenakan oleh CV Refanza Utama adalah Rp0,3/jam. Kontrak ini berlaku selama 1
(satu) tahun sejak peralatan tiba di wilayah tambang.

i. Kontrak jasa penyedia makanan dengan PU

Pada tanggal 6 Agustus 2010, DKB menandatangani kontrak jasa penyedia makanan dengan PU. Berdasarkan
perjanjian, PU akan menyediakan jasa penyedia makanan dan penginapan untuk karyawan DKB di area tambang.
Kontrak ini berlaku selama 24 bulan dari tanggal penandatanganan.

Pada tanggal 17 Desember 2008, BBE menandatangani kontrak jasa penyedia makanan dengan PU. Berdasarkan
perjanjian ini, PU akan menyediakan jasa penyedia makanan dan penginapan untuk karyawan BBE di area tambang.
Perubahan atas kontrak ini ditandatangani pada tanggal 10 Januari 2011, untuk memperpanjang masa berlaku
kontrak sampai dengan 11 Januari 2012.

j. Perjanjian dengan pihak non-pengendali

Pada tanggal 10 Januari 2011, OC menandatangani perjanjian pemegang saham dengan PT Dromeas Resources
(“DR”) dan PT Anugrah Group International (“AGI”), keduanya adalah pemegang saham AE. Perjanjian tersebut
mengatur hak dan kewajiban masing-masing pihak selaku pemegang saham AE. Semua pihak masing-masing
mempunyai pre-emptive rights jika salah satu pihak bermaksud menjual kepemilikan sahamnya di AE kepada pihak
ketiga. Perjanjian tersebut berlaku hingga salah satu pemegang saham menguasai 100% saham AE.

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DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
30 APRIL 2011 DAN 2010 DAN 31 DESEMBER 2010, 2009, DAN 2008
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain)

30. KOMITMEN DAN PERJANJIAN PENTING (lanjutan)

k. Jaminan IUP

Sesuai dengan IUP Eksplorasi yang dimiliki, lima anak perusahaan diwajibkan untuk menempatkan deposito sebagai
berikut:

(i) Empat anak perusahaan dengan nilai masing-masing sebesar AS$100.000 di bank pemerintah sebagai jaminan
eksplorasi dengan nilai total sebesar AS$400.000 (setara dengan Rp 3.400) .
(ii) Satu anak perusahaan sebesar Rp 10.000 (nilai penuh) per hektar dengan nilai total sebesar Rp 13.

Sampai pada tanggal laporan keuangan konsolidasian ini, satu dari empat anak perusahaan telah menerima instruksi
untuk menempatkan jaminan sebesar Rp 349. Selain dari instruksi yang telah diterima tersebut, belum ada jumlah
yang disisihkan untuk keperluan deposito atau jaminan di atas dikarenakan anak perusahaan belum menerima
instruksi penempatan deposito atau jaminan oleh pemerintah setempat.

Di samping itu, IUP Operasi Produksi mewajibkan pemegang konsesi untuk menempatkan deposito atau jaminan
untuk penutupan tambang dan reklamasi. Perusahaan telah menempatkan jaminan untuk jumlah yang telah
ditentukan.

l. Izin penggunaan tanah hutan untuk kegiatan pertambangan batu bara

Pada tanggal 2 Juli 2008, BBE memperoleh izin dari Menteri Kehutanan yang tertuang dalam Surat Keputusan No.
SK 253/Menhut-II/2008 untuk penggunaan area seluas 376 hektar yang terletak didalam wilayah konsesi BBE. Izin
tersebut berlaku selama lima tahun dan dapat diperpanjang lagi selama lima tahun berikutnya.

Pada tanggal 17 Desember 2009, KEP memperoleh izin dari Menteri Kehutanan yang tertuang dalam Surat
Keputusan No. S.794/Menhut-VII/2009 untuk penggunaan area seluas 4.196 hektar yang terletak di dalam wilayah
konsesi KEP. Izin tersebut berlaku selama dua tahun dan dapat diperpanjang lagi.

Pada tanggal 11 Maret 2010, CGA memperoleh surat rekomendasi dari Gubernur Kalimantan Timur sebagai syarat
bagi CGA untuk memperoleh izin penggunaan area seluas 4.503 hektar. Sampai pada tanggal laporan keuangan
konsolidasian ini, izin tersebut belum diperoleh.

m. Perjanjian jasa pemasaran

Di bulan Agustus 2010, Perusahaan menandatangani perjanjian jasa pemasaran dengan Noble dimana Noble akan
bertindak sebagai agen pemasaran eksklusif bagi Perusahaan untuk semua batubara yang dihasilkan oleh BBE,
CGA, KEP, dan GPU. Berdasarkan perjanjian ini, Noble berhak mendapatkan biaya dan komisi pemasaran untuk
setiap ton batubara yang terjual dari area konsesi anak perusahaan di atas.

Di bulan April 2011, Perusahaan menandatangani perjanjian jasa pemasaran baru dengan Noble untuk
menggantikan perjanjian jasa pemasaran di atas dan kontrak penjualan batubara (lihat Catatan 30a). Perjanjian ini
akan segera berlaku setelah Perusahaan menyelesaikan proses Penawaran Saham Perdananya (lihat Catatan 38)
dan secara otomatis menggantikan perjanjian jasa pemasaran terdahulu. Berdasarkan perjanjian ini, Noble akan
menjadi agen pemasaran hanya untuk porsi tertentu dari penjualan batubara Perusahaan. Berdasarkan perjanjian
terbaru, biaya dan komisi pemasaran yang harus dibayar oleh Perusahaan lebih kecil dibandingkan dengan
perjanjian terdahulu. Sebagai kompensasi dari perubahan perjanjian ini, Perusahaan setuju untuk membayar
kompensasi sebesar AS$25 juta (setara dengan Rp 224.775) segera setelah Penawaran Saham Perdana
Perusahaan selesai dilaksanakan.

Biaya jasa pemasaran yang diterima Noble dari kontrak jasa pemasaran bervariasi antara 2%-3% dari nilai FOB
Barge atau AS$ 2-3 per metrik ton batubara yang dijual.

n. Perolehan IUP baru

Pada tanggal 27 April 2011, Perusahaan menandatangani perjanjian jual beli saham KBA dan BKA. Jual beli tersebut
meliputi 501 lembar saham KBA dan 101 lembar saham BKA, dengan nilai transaksi sebesar AS$5.511.000,
dibayarkan dalam 5 tahap penyelesaian. Perusahaan diharuskan untuk membayar uang muka sejumlah AS$440
ribu. Sebagaimana disebutkan dalam perubahan perjanjian yang ditandatangani pada tanggal 31 Mei 2011,
Perusahaan harus membayar uang muka tambahan sebesar AS$660 ribu. 5 (lima) tahap penyelesaian tersebut
adalah sebagai berikut:

Pelunasan Jangka waktu Jumlah saham yang akan ditransfer

Pertama 60 hari setelah tanggal 20% saham

penandatanganan perjanjian

Kedua 75 hari setelah tanggal Penambahan 20% saham

penandatanganan perjanjian

Ketiga 75 – 210 hari setelah tanggal
penandatanganan perjanjian
Penambahan 10,1% saham dari total modal
yang ditempatkan dan disetor penuh pada
KBA dan tambahan 10,5% saham dari total
modal yang ditempatkan dan disetor penuh
pada BKA

Keempat 300 hari setelah tanggal -

penandatanganan perjanjian

Kelima 360 hari setelah tanggal -

penandatanganan perjanjian

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DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
30 APRIL 2011 DAN 2010 DAN 31 DESEMBER 2010, 2009, DAN 2008
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain)

31. KONTINJENSI

a. Biaya kehutanan

Berdasarkan PP No. 2 tanggal 4 Februari 2008, seluruh perusahaan yang memiliki aktivitas di dalam area hutan
produksi dan hutan lindung namun kegiatannya tidak berhubungan dengan kegiatan kehutanan, akan memiliki
kewajiban untuk membayar biaya kehutanan antara Rp 1,2 sampai Rp 3 per hektar setiap tahun efektif dari 2008.
Grup masih mengkaji dampak peraturan ini terhadap operasi Grup.

b. Undang-Undang Pertambangan No. 4/2009

Pada tanggal 16 Desember 2008, Dewan Perwakilan Rakyat menyetujui Undang-Undang Pertambangan Mineral
dan Batubara yang baru (“Undang-Undang Pertambangan”), yang telah disahkan oleh Presiden pada tanggal 12
Januari 2009 dan menjadi UU No. 4/2009. Sesuai dengan ketentuan dalam Undang-Undang Pertambangan tersebut,
seluruh anak perusahaan, kecuali PIE dan KM, telah memperoleh IUP, yang dikonversi dari Kuasa Pertambangan
(“KP”) eksplorasi. PIE dan KM sedang dalam proses untuk memperoleh IUP tersebut.

Pada tanggal 1 Februari 2010, Presiden Republik Indonesia menandatangani dua peraturan pelaksanaan untuk
Undang-Undang Pertambangan tersebut, yaitu PP No. 22/2010 dan No. 23/2010. PP No. 22/2010 mengatur tentang
pembentukan area pertambangan di Indonesia. PP No. 23/2010 menjelaskan lebih detil beragam tipe perizinan
pertambangan yang ada sesuai dengan yang diatur dalam Undang-Undang Pertambangan ini, dan menjelaskan
syarat dan kondisi dasar yang harus dipenuhi oleh pihak yang mengajukan maupun pihak berwenang yang
mengeluarkan izin pertambangan. Pada tanggal 5 Juli 2010, PP No. 55/2010 dikeluarkan. PP ini mengatur mengenai
pedoman dan pengawasan usaha pertambangan mineral dan batubara di Indonesia.

PP No. 23/2010 menjelaskan ruang lingkup bagi pemegang IUP Operasi Produksi untuk mengkontrakkan aktivitas
pengolahan, penyulingan, penjualan, dan transportasi kepada pihak lain untuk melaksanakan kegiatan tersebut.
Namun, hanya pemegang IUP Operasi Produksi khusus untuk pengolahan dan penyulingan yang dapat memproses
bijih dan menyuling mineral.

Grup memonitor secara seksama perkembangan atas implementasi peraturan pelaksanaan dari Undang-Undang
Pertambangan tersebut dan saat ini sedang menganalisis pengaruhnya terhadap operasional Grup.

c. Peraturan Menteri No. 28/2009

Pada bulan September 2009, Menteri ESDM mengeluarkan Peraturan Menteri No. 28/2009 yang antara lain,
menetapkan kriteria yang ketat ketika perusahaan pertambangan dapat menggunakan “Afiliasi” atau “Anak
Perusahaan” sebagai kontraktor pertambangan mereka dan mengharuskan persetujuan pemerintah untuk
menggunakan afiliasi sebagai kontraktor pertambangan. Peraturan tersebut memberikan pengecualian hanya bila
tidak ada perusahaan jasa pertambangan yang mampu beroperasi di daerah tersebut. Peraturan tersebut
memberikan waktu masa transisi selama tiga tahun kepada perusahaan pertambangan untuk memenuhi ketentuan
ini. Manajemen berpendapat bahwa Grup dapat mematuhi peraturan ini tanpa menimbulkan kerugian material pada
operasional Grup, karena Grup tidak menggunakan afiliasi atau anak perusahaan untuk kontrak pertambangannya.

d. Peraturan Menteri No. 34/2009

Pada bulan Desember 2009, Menteri ESDM mengeluarkan peraturan lain, Peraturan Menteri No. 34/2009, yang
memberikan kerangka hukum untuk mewajibkan perusahaan pertambangan untuk menjual sebagian hasil
produksinya kepada pelanggan domestik (“Kewajiban Pasar Domestik” atau “KPD”). Selanjutnya, pada tanggal 19
April 2010, Menteri ESDM menerbitkan Keputusan Menteri No. 1604 K/30/MEM/2010 yang menunjukkan perkiraan
produksi batubara Indonesia (262,48 juta ton) dan keperluan domestik (64,96 juta ton). Surat keputusan tersebut
menetapkan persentase KPD minimum 24,75% berdasarkan perkiraan tersebut dan menentukan perusahaan
batubara yang harus memenuhi KPD tersebut. Namun, surat keputusan tersebut tidak merinci bagaimana
persyaratan KPD seharusnya dialokasi antara perusahaan batubara yang ada dan pada harga berapa.

Berdasarkan Keputusan Menteri ESDM No. 2360K/30/MEM/2010 tanggal 31 Agustus 2010, Grup tidak terkena
kewajiban KPD ini untuk tahun 2011.

e. PP No. 78/2010

Pada tanggal 20 Desember 2010, Pemerintah Indonesia mengeluarkan peraturan implementasi atas Undang-
Undang Pertambangan No. 4/2009, yaitu PP No. 78/2010 yang mengatur aktivitas reklamasi dan pasca tambang
untuk pemegang IUP-Eksplorasi dan IUP-Operasi Produksi. Peraturan ini memperbaharui Peraturan Menteri No.
18/2008 yang dikeluarkan oleh Menteri ESDM pada tanggal 29 Mei 2008.

Kewajiban pemegang IUP-Eksplorasi, antara lain, harus memuat rencana reklamasi di dalam rencana kerja dan
anggaran biaya eksplorasinya dan menyediakan jaminan reklamasi berupa deposito berjangka yang ditempatkan
pada bank pemerintah.

Kewajiban pemegang IUP-Operasi Produksi, antara lain, harus mempersiapkan (1) rencana reklamasi 5 tahunan; (2)
rencana pasca tambang; (3) menyediakan jaminan reklamasi yang dapat berupa rekening bersama atau deposito
berjangka yang ditempatkan pada bank pemerintah, bank garansi, atau cadangan akuntansi (bila memenuhi syarat);
dan (4) menyediakan jaminan pasca tambang berupa deposito berjangka yang ditempatkan di bank pemerintah.

Persyaratan jaminan reklamasi dan pasca tambang tidak menghilangkan kewajiban pemegang IUP untuk
melaksanakan aktivitas reklamasi dan pasca tambang.

Pada tanggal laporan keuangan konsolidasian ini, Grup sedang dalam proses untuk mendapatkan persetujuan
Pemerintah untuk rencana penutupan tambang.

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PT ATLAS RESOURCES Tbk. (dahulu PT ENERGI KALTIM PERSADA) Halaman 53
DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
30 APRIL 2011 DAN 2010 DAN 31 DESEMBER 2010, 2009, DAN 2008
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain)

31. KONTINJENSI (lanjutan)

f. Peraturan Menteri No. 17/2010

Pada tanggal 23 September 2010, Menteri ESDM menerbitkan Peraturan Menteri No. 17/2010 yang menguraikan
mekanisme untuk menentukan Harga Perbandingan Mineral dan Batubara Indonesia (“HPMBI”), sebagai salah satu
peraturan pelaksanaan untuk Undang-Undang Pertambangan No. 4/2009. Peraturan tersebut berlaku efektif dari
tanggal 23 September 2010.

Peraturan Menteri No. 17/2010 mengatur antara lain:

(i) Penggunaan harga rata-rata mineral/batubara dari indeks pasar internasional dan penggunaan FOB (Free-On-
Board) kapal induk sebagai titik penjualan untuk menentukan HPMBI;
(ii) Penerimaan biaya tertentu sebagai penyesuaian terhadap HPMBI (jika titik penjualan yang sebenarnya bukan
FOB kapal induk); dan
(iii) Menggunakan pendekatan harga “floor” (yaitu HPMBI vs. harga jual sebenarnya, mana yang lebih tinggi, untuk
perhitungan Penerimaan Negara Bukan Pajak (misalnya royalti atau iuran eksploitasi)).

Peraturan ini juga mengharuskan perusahaan pertambangan untuk:

(i) Menggunakan kapal berbendera Indonesia/kapal untuk mengangkut mineral/batubara;
(ii) Mengutamakan penggunaan perusahaan asuransi nasional dimana syarat penjualan CIF telah diadopsi; dan
(iii) Menggunakan pengukur yang ditunjuk oleh Direktorat Jenderal Mineral, Batubara, dan Panas Bumi.

Peraturan Menteri No. 17/2010 memberikan masa transisi sampai dengan 22 Maret 2011 untuk kontrak penjualan
spot dan 22 September 2011 untuk kontrak penjualan berjangka.

Grup sedang mempertimbangkan dampak dari perkembangan di atas terhadap operasinya.

32. SAHAM PERUSAHAAN YANG DIJAMINKAN

Pada tanggal 27 April 2011, Noble dan Andre Abdi, pemegang saham Perusahaan, menandatangani perjanjian
(“Perjanjian Pinjaman dengan Noble”) dimana Noble setuju memberikan pinjaman kepada Andre Abdi sebesar AS$29,9
juta (setara dengan Rp 256.363). Untuk menjamin kewajiban Andre Abdi atas Perjanjian Pinjaman dengan Noble, (a)
Andre Abdi menjaminkan 10,1% sahamnya di Perusahaan ke Noble, (b) Perusahaan menjaminkan seluruh sahamnya di
BBE, KEP, dan CGA ke Noble, (c) API menjaminkan seluruh sahamnya di GPU ke Noble, dan (d) Perusahaan
mengalihkan ke Noble kontrak penjualan batubara yang ditandatangani dengan Noble berkenaan dengan batubara dari
area konsesi BBE, DKB, KEP, CGA, dan GPU.

Terkait dengan Perjanjian Pinjaman dengan Noble, Andre Abdi memberikan Hak Beli kepada Noble untuk memperoleh
10,1% saham Andre Abdi di Perusahaan pada saat penawaran umum saham perdana (“IPO”) Perusahaan. Hak tersebut
berlaku sampai dengan 30 hari setelah tanggal perdagangan perdana di Bursa Efek Indonesia. Apabila hak tersebut
dieksekusi, Andre Abdi harus mengalihkan sahamnya ke Noble dalam waktu 30 hari sejak tanggal perdagangan perdana
di Bursa Efek Indonesia.

Sesuai dengan persyaratan dalam Perjanjian Pinjaman dengan Noble, kecuali Hak Beli tersebut dieksekusi dan/atau pinjaman
tersebut dibayarkan, setelah lewat 30 hari setelah selesainya IPO atau 31 Desember 2011, yang mana terjadi terlebih dahulu,
Noble berhak untuk mengurangi jumlah setara dengan pembayaran pokok yang telah dijadwalkan dan pembayaran bunga
sebagaimana diatur dalam Perjanjian Pinjaman dengan Noble dari jumlah yang seharusnya terhutang oleh Noble ke
Perusahaan untuk penjualan batubara yang diproduksi di area konsesi GPU dan jumlah tambahan yang mungkin dibayar tunai;
atau dikurangkan dari jumlah yang terhutang oleh Noble ke Perusahaan untuk penjualan batubara sesuai dengan kontrak
penjualan batubara dengan Perusahaan terkait dengan batubara yang diproduksi di area konsesi lainnya.

33. ASET DAN LIABILITAS MONETER DALAM MATA UANG ASING

Aset dan liabilitas moneter dalam mata uang Dolar AS pada tanggal 30 April 2011 telah dikonversikan ke dalam mata
uang Rupiah dengan menggunakan kurs AS$1= Rp 8.574 (nilai penuh).

30 April 2011
Mata uang Setara Rp
asing (dalam jutaan)

Aset
Kas dan setara kas AS$’000 29.926 256.586
Piutang usaha AS$’000 14.103 120.921
Piutang lain-lain AS$’000 771 6.614

Jumlah aset 44.800 384.121

Liabilitas
Hutang usaha AS$’000 7.254 62.193
Biaya yang masih harus dibayar AS$’000 3.576 30.663
Hutang lain-lain AS$’000 30.835 264.382
Pinjaman AS$’000 32.116 275.360
Hutang sewa pembiayaan AS$’000 3.002 25.738

Jumlah liabilitas 76.783 658.336

Jumlah liabilitas bersih 31.983 274.215

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PT ATLAS RESOURCES Tbk. (dahulu PT ENERGI KALTIM PERSADA) Halaman 54
DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
30 APRIL 2011 DAN 2010 DAN 31 DESEMBER 2010, 2009, DAN 2008
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain)

33. ASET DAN LIABILITAS MONETER DALAM MATA UANG ASING (lanjutan)

Hingga 20 Juni 2011 kurs bergerak dari AS$1 = Rp 8.574 (nilai penuh) menjadi AS$1 = Rp 8.5 78 (nilai penuh). Ada
kemungkinan bahwa Rupiah akan makin berfluktuasi di masa yang akan datang dan mungkin akan terdepresiasi atau
terapresiasi secara signifikan.

Apabila aset dan liabilitas moneter dalam mata uang asing pada tanggal 30 April 2011 dijabarkan dengan menggunakan
kurs yang berlaku pada tanggal 20 Juni 2011, maka liabilitas moneter bersih dalam mata uang asing Perusahaan akan
naik sebesar Rp 136.

Grup tidak melakukan lindung nilai atas risiko nilai tukar, karena seluruh penjualan dan sebagian besar biaya Grup
dilakukan dalam mata uang Dolar AS, sehingga secara tidak langsung merupakan lindung nilai alami (lihat Catatan 36).

34. PELAPORAN SEGMEN

Manajemen mempertimbangkan bisnis dari perspektif geografis dan produk. Dari perspektif produk, Grup hanya memiliki
satu segmen yang dilaporkan, yaitu penjualan batubara. Secara geografis, manajemen mempertimbangkan kinerja
penjualan batubara di pasar domestik dan luar negeri.

Segmen yang dilaporkan oleh Grup untuk periode empat bulan yang berakhir pada 30 April 2011 dan 2010, dan untuk
tahun yang berakhir pada 31 Desember 2010, 2009, dan 2008 adalah sebagai berikut:

30 April 2011
Penjualan batubara Segmen
Ekspor Domestik lain-lain Jumlah

Pendapatan dari pelanggan eksternal 285.896 7.625 9.988 303.509

Biaya sehubungan dengan pendapatan (234.869) (6.264 ) (7.451) (248.584 )
Laba kotor 51.027 1.361 2.537 54.925
Beban usaha (36.011) (960) (1.259) (38.230)
Laba/(rugi) usaha 15.016 401 1.278 16.695
Pendapatan bunga 176 5 6 187
Biaya bunga (4.305) (115) (150) (4.570)
Penyusutan dan amortisasi (8.565) - (2.651) (11.216)
Laba segmen sebelum pajak 32.914 878 1.904 35.696
Beban pajak penghasilan (8.196) (219) (286) (8.701 )
Aset segmen 1.3 15.437 - 53.990 1.369.427
Belanja modal dari segmen 18.681 - - 18.681
Liabilitas segmen 814.866 - 20.404 835.270

30 April 2010 (tidak diaudit)

Penjualan batubara Segmen
Ekspor Domestik lain-lain Jumlah

Pendapatan dari pelanggan eksternal 134.533 - 10.563 145.096

Biaya sehubungan dengan pendapatan (127.375) - (1.457) (128.832)
Laba kotor 7.158 - 9.106 16.264
Beban usaha (17.928) - (1.408) (19.336)
Laba/(rugi) usaha (10.770) - 7.698 (3.072)
Pendapatan bunga 1.063 - 83 1.146
Biaya bunga (125) - (10) (135)
Penyusutan dan amortisasi (3.647) - - (3.647)
Laba segmen sebelum pajak (3.222) - 8.291 5.069
Beban pajak penghasilan (2.057) - (161) (2.218)
Aset segmen 284.448 - 43.631 328.079
Belanja modal dari segmen 4.023 - - 4.023
Liabilitas segmen 208.631 - - 208.631

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DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
30 APRIL 2011 DAN 2010 DAN 31 DESEMBER 2010, 2009, DAN 2008
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain)

34. PELAPORAN SEGMEN (lanjutan)

31 Desember 2010
Penjualan batubara Segmen
Ekspor Domestik lain-lain Jumlah

Pendapatan dari pelanggan eksternal 534.225 24.734 34.259 593.218

Biaya sehubungan dengan pendapatan (481.653) (22.300) (7.591) (511.544)
Laba kotor 52.572 2.434 26.668 81.674
Beban usaha (50.803) (2.352) (3.258) (56.413)
Laba/(rugi) usaha 1.769 82 23.410 25.261
Pendapatan bunga 1.077 50 69 1.196
Biaya bunga (2.131) (99) (136) (2.366)
Penyusutan dan amortisasi (13.707) - (2.569) (16.276)
Laba segmen sebelum pajak (2.594) (120) 23.130 20.416
Beban pajak penghasilan (7.160) (332) (459) (7.951)
Aset segmen 492.309 - 47.761 540.070
Belanja modal dari segmen 36.124 - 39.805 75.929
Liabilitas segmen 294.142 - 26.010 320.152

31 Desember 2009
Penjualan batubara Segmen
Ekspor Domestik lain-lain Jumlah

Pendapatan dari pelanggan eksternal 345.302 - 41.870 387.172

Biaya sehubungan dengan pendapatan (314.648) - - (314.648 )
Laba kotor 30.654 - 41.870 72.524
Beban usaha (66.098) - (8.015) (74.113 )
Laba/(rugi) usaha (35.444) - 33.855 (1.589)
Pendapatan bunga 52 - 6 58
Biaya bunga (7.774) - (943) (8.717)
Penyusutan dan amortisasi (10.523) - - (10.523)
Laba segmen sebelum pajak (18.065) - 35.962 17.897
Beban pajak penghasilan (6.609) - (801) (7.410)
Aset segmen 254.081 - 43.632 297.713
Belanja modal dari segmen 28.794 - - 28.794
Liabilitas segmen 271.115 - - 271.115

31 Desember 2008
Penjualan batubara Segmen
Ekspor Domestik lain-lain Jumlah

Pendapatan dari pelanggan eksternal 120.638 - 20.508 141.146

Biaya sehubungan dengan pendapatan (90.743) - - (90.743)
Laba kotor 29.895 - 20.508 50.403
Beban usaha (30.998) - (5.269) (36.267)
Laba/(rugi) usaha (1.103) - 15.239 14.136
Pendapatan bunga 73 - 12 85
Biaya bunga (2.634) - (448) (3.082)
Penyusutan dan amortisasi (1.679) - - (1.679)
Laba segmen sebelum pajak (14.956) - 12.883 (2.073)
Beban pajak penghasilan (1.918) - (326) (2.244)
Aset segmen 176.752 - - 176.752
Belanja modal dari segmen 98.344 - - 98.344
Liabilitas segmen 166.268 - - 166.268

Pendapatan segmen diukur dengan metode yang konsisten dengan pengukuran pendapatan pada laporan keuangan.
Pendapatan segmen yang dilaporkan direkonsiliasikan dengan jumlah pendapatan sebagai berikut :

30 April 30 April 31 Desember 31 Desember 31 Desember

2011 2010 2010 2009 2008
(tidak diaudit)

Pendapatan segmen untuk segmen

yang dilaporkan 293.521 134.533 558.959 345.302 120.638
Pendapatan segmen lainnya 9.988 10.563 34.259 41.870 20.508

Jumlah pendapatan per laporan

laba/(rugi) komprehensif
konsolidasian 303.509 145.096 593.218 387.172 141.146

372
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DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
30 APRIL 2011 DAN 2010 DAN 31 DESEMBER 2010, 2009, DAN 2008
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain)

34. PELAPORAN SEGMEN (lanjutan)

Laba/(rugi) segmen yang dilaporkan direkonsiliasikan dengan jumlah laba sebelum pajak sebagai berikut:

30 April 30 April 31 Desember 31 Desember 31 Desember

2011 2010 2010 2009 2008
(tidak diaudit)

Laba/(rugi) segmen untuk segmen

yang dilaporkan 33.792 (3.222) (2.714) (18.065) (14.956)
Laba segmen lainnya 1.904 8.291 23.130 35.962 12.883

Jumlah laba/(rugi) sebelum pajak per

laporan laba/(rugi) komprehensif
konsolidasian 35.696 5.069 20.416 17.897 (2.073)

Aset segmen diukur dengan metode yang konsisten dengan pengukuran aset pada laporan keuangan. Aset tersebut
dialokasikan berdasarkan operasi segmen dan lokasi fisik aset. Aset segmen yang dilaporkan direkonsiliasikan dengan
jumlah aset sebagai berikut:

30 April 31 Desember 31 Desember 31 Desember

2011 2010 2009 2008

Aset segmen untuk segmen yang dilaporkan 1.315.437 492.309 254.081 176.752
Aset segmen lainnya 53.990 47.761 43.632 -

Jumlah aset per laporan posisi

keuangan (neraca) konsolidasian 1.369.427 540.070 297.713 176.752

Liabilitas segmen diukur dengan metode yang konsisten dengan pengukuran liabilitas pada laporan keuangan. Liabilitas
tersebut dialokasikan berdasarkan operasi segmen. Liabilitas segmen yang dilaporkan direkonsiliasikan dengan jumlah
liabilitas sebagai berikut:

30 April 31 Desember 31 Desember 31 Desember

2011 2010 2009 2008

Liabilitas segmen untuk segmen yang dilaporkan 814.866 294.142 271.115 166.268
Liabilitas segmen lainnya 20.404 26.010 - -

Jumlah liabilitas per laporan posisi

keuangan (neraca) konsolidasian 835.270 320.152 271.115 166.268

Pendapatan dari penjualan batubara ke pelanggan utama, yaitu Noble dan MGI, untuk periode empat bulan yang berakhir
pada 30 April 2011 dan 2010 dan untuk tahun yang berakhir 31 Desember 2010, 2009, dan 2008 masing-masing sebesar
86,72%, 100%, 94,19%, 95,71%, dan 100% dari jumlah pendapatan Grup selama periode/tahun yang dilaporkan.

35. ASET DAN LIABILITAS KEUANGAN

Pada tanggal neraca, Perusahaan tidak memiliki aset maupun kewajiban keuangan yang nilai wajarnya diakui melalui
laporan laba rugi, aset keuangan yang dimiliki hingga jatuh tempo, dan aset keuangan yang tersedia untuk dijual.

Informasi di bawah ini terkait dengan aset dan liabilitas keuangan Grup berdasarkan kategori. Penyajian untuk tahun 2009
dan 2008 ditujukan hanya untuk tujuan informasi komparatif:

Aset dan
liabilitas
Pinjaman keuangan
dan piutang lainnya Jumlah

30 April 2011

Aset keuangan
Kas dan setara kas 259.867 - 259.867
Piutang usaha 123.612 - 123.612
Piutang lain-lain 66.311 - 66.311

Jumlah aset keuangan 449.790 - 449.790

Liabilitas keuangan
Hutang usaha - 70.822 70.822
Biaya yang masih harus dibayar - 118.844 118.844
Hutang lain-lain - 274.848 274.848
Pinjaman jangka pendek - 75.315 75.315
Pinjaman jangka panjang - 200.045 200.045
Hutang sewa pembiayaan - 39.241 39.241

Jumlah liabilitas keuangan - 779.115 779.115

373
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DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
30 APRIL 2011 DAN 2010 DAN 31 DESEMBER 2010, 2009, DAN 2008
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain)

35. ASET DAN LIABILITAS KEUANGAN (lanjutan)

Aset dan
liabilitas
Pinjaman keuangan
dan piutang lainnya Jumlah

31 Desember 2010

Aset keuangan
Kas dan setara kas 5.867 - 5.867
Piutang usaha, bersih 66.847 - 66.847
Piutang lain-lain 80.714 - 80.714

Jumlah aset keuangan 153.428 - 153.428

Liabilitas keuangan
Hutang usaha - 47.161 47.161
Biaya yang masih harus dibayar - 72.880 72.880
Hutang lain-lain - 21.934 21.934
Pinjaman jangka pendek - 38.467 38.467
Pinjaman jangka panjang - 44.955 44.955
Hutang sewa pembiayaan - 42.229 42.229

Jumlah liabilitas keuangan - 267.626 267.626

31 Desember 2009

Aset keuangan
Kas dan setara kas 1.400 - 1.400
Piutang usaha 43.633 - 43.633
Piutang lain-lain 32.812 - 32.812

Jumlah aset keuangan 77.845 - 77.845

Liabilitas keuangan
Hutang usaha - 28.174 28.174
Biaya yang masih harus dibayar - 55.424 55.424
Hutang lain-lain - 21.723 21.723
Pinjaman jangka panjang - 152.082 152.082
Hutang sewa pembiayaan - 2.974 2.974

Jumlah liabilitas keuangan - 260.377 260.377

31 Desember 2008

Aset keuangan
Kas dan setara kas 7.681 - 7.681
Piutang lain-lain 20.235 - 20.235

Jumlah aset keuangan 27.916 - 27.916

Liabilitas keuangan
Hutang usaha - 14.452 14.452
Biaya yang masih harus dibayar - 22.195 22.195
Hutang lain-lain - 2.285 2.285
Pinjaman jangka panjang - 119.485 119.485
Hutang sewa pembiayaan - 1.101 1.101

Jumlah liabilitas keuangan - 159.518 159.518

36. MANAJEMEN RISIKO

Aktivitas Grup terpengaruh oleh berbagai jenis risiko keuangan: risiko pasar (termasuk risiko nilai tukar, risiko harga
komoditas dan risiko tingkat suku bunga), risiko kredit, dan risiko likuiditas serta risiko permodalan. Secara umum,
program pengelolaan risiko keuangan Grup berfokus kepada ketidakpastian pasar keuangan dan berusaha meminimalisir
efek tidak wajar terhadap kinerja keuangan Grup.

Pengelolaan risiko dilakukan oleh Dewan Direksi Grup. Dewan Direksi mengidentifikasi, mengevaluasi dan melakukan
lindung nilai atas risiko keuangan, jika diperlukan. Dewan Direksi menyediakan prinsip-prinsip keseluruhan untuk
pengelolaan risiko, termasuk risiko pasar, kredit, dan likuiditas serta permodalan.

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DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
30 APRIL 2011 DAN 2010 DAN 31 DESEMBER 2010, 2009, DAN 2008
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain)

36. MANAJEMEN RISIKO (lanjutan)

a. Risiko pasar

(i) Risiko nilai tukar

Penjualan, pendanaan dan sebagian besar biaya dan mayoritas pengeluaran operasional Grup dilakukan dalam
mata uang Dolar AS.

Manajemen berpendapat bahwa pergerakan nilai tukar Rupiah/Dolar AS tidak berdampak signifikan terhadap
Grup karena sebagian besar pengeluaran operasional Perusahaan dilakukan dalam Dolar AS, sedangkan di sisi
lain hampir seluruh penjualan Grup juga dilakukan dengan mata uang Dolar AS.

(ii) Risiko harga

Grup terpengaruh oleh fluktuasi dalam harga batubara. Operasi dan kinerja keuangan Grup dapat te rpengaruh
negatif dari fluktuasi harga batubara, dimana akan ditentukan oleh permintaan dan penawaran batubara dunia,
harga minyak dan faktor lainnya. Grup mengelola secara aktif risiko-risiko ini dan melakukan penyesuaian
seperlunya atas jadwal dan operasi pertambangan untuk mengurangi dampak fluktuasi.

(iii) Risiko suku bunga

Grup memiliki sebagian pinjaman dengan tingkat suku bunga variabel sehingga Grup terekspos risiko tingkat
suku bunga. Untuk mengurangi risiko perubahan tingkat suku bunga yang menyebabkan adanya ketidakpastian
arus kas terhadap pembayaran beban bunga di masa depan, Perusahaan:

(a) Memonitor tingkat suku bunga di pasar;

(b) Membangun komunikasi yang intensif dengan pihak bank yang terkait atas pembebanan bunga; dan
(c) Mengimplementasikan manajemen kas untuk meminimalkan beban bunga.

Tabel berikut menyajikan aset dan liabilitas keuangan Grup yang terpengaruh oleh suku bunga.

30 April 2011
Suku bunga
mengambang Suku bunga tetap
Kurang dari Lebih dari Kurang dari Lebih dari Tanpa
satu tahun satu tahun satu tahun satu tahun bunga Jumlah

Aset
Kas dan setara kas 258.970 - - - 897 259.867
Piutang usaha - - - - 123.612 123.612
Piutang lain-lain - - - - 66.311 66.311

Jumlah aset keuangan 258.970 - - - 190.820 449.790

Liabilitas
Hutang usaha - - - - 70.822 70.822
Biaya yang masih harus
dibayar - - - - 118.844 118.844
Hutang lain-lain - - - - 274.848 274.848
Pinjaman jangka pendek - - 75.315 - - 75.315
Pinjaman jangka panjang - 13.375 - 93.197 93.473 200.045
Hutang sewa pembiayaan 23.350 15.891 - - - 39.241

Jumlah liabilitas keuangan 23.350 29.266 75.315 93.197 557.987 779.115

b. Risiko kredit

Pada tanggal 30 April 2011, jumlah maksimum jabaran terhadap risiko kredit adalah Rp 189.923. Risiko kredit
muncul dari piutang usaha dan piutang lain-lain.

Kebijakan umum Grup untuk penjualan batubara kepada pelanggan baru dan yang sudah ada saat ini adalah
sebagai berikut:

(i) Memilih pelanggan dengan kondisi keuangan yang kuat dan reputasi yang baik.
(ii) Penerimaan pelanggan baru dan penjualan batubara disetujui oleh personil yang berwenang sesuai dengan
struktur delegasi wewenang Grup.

c. Risiko likuiditas

Manajemen berpendapat bahwa nilai tercatat dari aset dan liabilitas keuangan mendekati nilai wajar aset dan
liabilitas keuangan pada tanggal 30 April 2011.

Risiko likuiditas muncul dalam situasi dimana Grup mengalami kesulitan dalam memperoleh pendanaan.
Pengelolaan risiko likuiditas dengan kehati-hatian mengimplikasikan pemeliharaan kecukupan kas dan setara kas
dan aset lainnya yang mudah dikonversikan menjadi kas. Grup mengelola risiko likuiditas dengan melakukan
pengawasan berkala atas arus kas yang direncanakan dan arus kas aktual dan mencocokkan profil jatuh tempo aset
keuangan dan liabilitas.

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DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
30 APRIL 2011 DAN 2010 DAN 31 DESEMBER 2010, 2009, DAN 2008
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain)

36. MANAJEMEN RISIKO (lanjutan)

c. Risiko likuiditas (lanjutan)

Meskipun posisi modal kerja per tanggal 30 April 2011 adalah negatif sebesar Rp 234.503, manajemen yakin bahwa
hal ini tidak akan berkelanjutan karena akan dimasukinya periode produksi beberapa anak perusahaan dan
reklasifikasi porsi jangka pendek pinjaman jangka panjang terkait dengan diterimanya surat pernyataan pembebasan
pelanggaran persyaratan pinjaman dari Bank Permata (Catatan 15b).

d. Risiko permodalan

Tujuan dari Grup dalam mengelola permodalan adalah untuk menjaga struktur permodalan yang optimal sehingga
dapat memaksimalkan imbal hasil pemegang saham dan untuk melindungi kemampuan Grup dalam
mempertahankan kelangsungan usahanya. Struktur permodalan Grup terdiri atas hutang (termasuk pinjaman dan
hutang sewa), kas dan setara kas, dan modal yang dapat diatribusikan kepada pemegang saham Perusahaan yang
terdiri dari modal ditempatkan dan disetor, cadangan, dan saldo laba. Untuk menjaga dan mencapai struktur
permodalan yang optimal, Grup mungkin menyesuaikan jumlah dividen yang dibayar, menerbitkan saham baru,
mendapatkan pinjaman baru, atau menjual aset untuk mengurangi pinjaman.

Grup memonitor stuktur permodalan dengan menggunakan rasio hutang terhadap modal. Rasio ini dihitung dengan
cara membagi jumlah hutang dengan nilai buku jumlah modal. Jumlah hutang dihitung dengan menjumlah semua
pinjaman berbunga, di luar pinjaman pemegang saham. Rasio ini juga menjadi bagian dari covenant keuangan yang
ditetapkan dalam fasilitas pinjaman berjangka yang diperoleh dari Bank Permata (lihat Catatan 15b). Per tanggal 30
April 2011, Grup telah memenuhi covenant keuangan ini.

30 April 31 Desember 31 Desember 31 Desember

2011 2010 2009 2008

Jumlah hutang 221.308 125.651 89.610 55.851

Jumlah modal 534.157 219.918 26.598 10.484

Rasio hutang terhadap modal 0,41 0,57 3,37 5,33

37. PENYISIHAN IMBALAN KERJA KARYAWAN

Penyisihan imbalan kerja dihitung setiap tahun oleh PT Padma Aktuaria Raya, aktuaris independen. Laporan aktuarial
terkini bertanggal 2 Mei 2011. Tabel berikut ini merupakan ringkasan dari liabilitas, beban, dan mutasi saldo liabilitas
program pensiun imbalan pasti.

30 April 31 Desember 31 Desember 31 Desember

2011 2010 2009 2008

Liabilitas imbalan kerja

Nilai kini liabilitas 6.720 4.000 - -
Kerugian aktuaria yang belum diakui - - - -
Biaya jasa lalu yang belum diakui (792) (599) - -

Jumlah 5.928 3.401 - -

30 April 31 Desember 31 Desember 31 Desember

2011 2010 2009 2008

Mutasi saldo liabilitas imbalan kerja

Awal tahun 3.401 - - -
Jumlah biaya yang dibebankan pada laporan
laba/(rugi) komprehensif konsolidasian 2.527 3.474 - -
Pembayaran imbalan - (73) - -

Akhir periode 5.928 3.401 - -

30 April 31 Desember 31 Desember 31 Desember

2011 2010 2009 2008

Beban imbalan kerja

Biaya jasa kini 1.151 1.845 - -
Biaya bunga 150 222 - -
Kerugian aktuaria bersih yang diakui 3 33 - -
Penyesuaian 1.542 2.376 - -
Efek kurtailmen (319) (1.002) - -

Jumlah 2.527 3.474 - -

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DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
30 APRIL 2011 DAN 2010 DAN 31 DESEMBER 2010, 2009, DAN 2008
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain)

37. PENYISIHAN IMBALAN KERJA KARYAWAN (lanjutan)

Berikut asumsi pokok aktuaria yang digunakan:

30 April 31 Desember 31 Desember 31 Desember

2011 2010 2009 2008

Tingkat diskonto 8% 8,5% - -

Kenaikan gaji 5% 5% - -
Tingkat kematian 100%TMI2 100%TMI2 - -
Tingkat cacat 5%TMI2 5%TMI2 - -
Usia pensiun normal 55 55 - -

38. KEJADIAN SETELAH TANGGAL NERACA

a. Berdasarkan Sirkulasi Keputusan Para Pemegang Saham sebagai pengganti Rapat Umum Pemegang Saham Luar
Biasa Perusahaan tertanggal 23 Mei 2011, yang disahkan dalam Akta Notaris No. 221 tertanggal 24 Mei 2011 yang
dibuat di hadapan Sutjipto, S.H., M.Kn, notaris di Jakarta, para pemegang saham Perusahaan menyetujui penjualan
9.000 lembar saham Perusahaan yang dimiliki oleh Andre Abdi kepada CVU.

b. Berdasarkan Sirkulasi Keputusan Para Pemegang Saham sebagai pengganti Rapat Umum Pemegang Saham Luar
Biasa Perusahaan tertanggal 23 Mei 2011, yang disahkan dalam Akta Notaris No. 223 tertanggal 24 Mei 2011 yang
dibuat di hadapan Sutjipto, S.H., M.Kn, notaris di Jakarta, para pemegang saham Perusahaan menyetujui antara
lain:

(i) Penawaran umum saham perdana melalui pengeluaran saham baru dari simpanan (portepel) sebanyak-
banyaknya 822.500.000 atau jumlah saham lainnya sebagaimana ditentukan oleh Dewan Komisaris
Perusahaan untuk ditawarkan kepada masyarakat baik domestik maupun internasional dan tercatat di Bursa
Efek Indonesia;
(ii) Perubahan status Perusahaan dari perseroan tertutup menjadi perseroan terbuka;
(iii) Perubahan nilai nominal saham dari Rp 1.000.000 (nilai penuh) menjadi Rp 200 (nilai penuh) per lembar
saham;
(iv) Perubahan nama Perusahaan dari PT Atlas Resources menjadi PT Atlas Resources Tbk.;
(v) Perubahan seluruh ketentuan Anggaran Dasar Perusahaan dalam rangka menjadi perseroan terbuka, di
antaranya berkenaan dengan ruang lingkup usaha yang meliputi bidang perdagangan, pengangkutan darat, dan
jasa;
(vi) Pemberhentian Antonius Weno selaku Direktur Perseroan dan Winson Pola sebagai Komisaris Perseroan;
(vii) Menyetujui pengangkatan Andreas Vourloumis dan Suhartono Suratman sebagai Komisaris Independen;
(viii) Menyetujui pengangkatan Suci Kuswardani dan Pranata Hajadi sebagai Komisaris.

Akta ini disetujui oleh Menteri Hukum dan Hak Asasi Manusia Republik Indonesia dalam Surat Keputusan No. AHU-
27975.AH.01.02.Tahun 2011 tertanggal 6 Juni 2011.

c. Berdasarkan Surat Gugatan yang didaftarkan di Pengadilan Negeri Jakarta Selatan dengan No. 215/Pdt/G/2011
tanggal 7 April 2011 sebagaimana diperbaiki dengan Perbaikan Surat Gugatan No. 023f.G.III.JnR-11 tanggal 6 Juni
2011 (“Gugatan”), Regam Bin Lemuyaq, Martin Bin Kauk, Mewen Bin Kauk, dan Syukur Bin Kauk (“Penggugat”)
mengajukan Gugatan Perbuatan Melawan Hukum terhadap PT Gunung Bayan Pratama Coal (“GBPC”) sebagai
Tergugat I dan DKB sebagai Tergugat II.

Gugatan tersebut pada pokoknya mendalilkan bahwa GBPC dan DKB melakukan kegiatan penambangan,
pengeboran, dan aktivitas lain yang dilakukan di atas tanah ulayat milik Penggugat yang terletak di Kampung
Sangsang dan Kampung Kaliq tanpa izin dan persetujuan dari Penggugat.

Dalam Gugatannya, dalam pokok perkara, Penggugat memohon Pengadilan Negeri Jakarta Selatan untuk antara
lain: (i) menyatakan Penggugat sebagai pemegang hak atas tanah ulayat yang terletak di Kampung Sangsang dan
Kampung Kaliq, Kecamatan Siluq Ngurai, Kabupaten Kutai Barat, Kalimantan Timur; (ii) menyatakan GBPC dan DKB
telah melakukan perbuatan melawan hukum; dan (iii) menghukum GBPC dan DKB untuk membayar ganti rugi baik
materiil dan immaterial kepada Pengugat sebesar Rp 20.000.000.000 (nilai penuh).

Di samping itu, Penggugat juga meminta Pengadilan Negeri Jakarta Selatan untuk menjatuhkan putusan provisi
sebelum adanya putusan akhir yang berisi antara lain memerintahkan GBPC dan DKB untuk menghentikan seluruh
kegiatan penambangan, pengeboran, dan aktivitas lain di lokasi tanah ulayat tersebut.

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DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
30 APRIL 2011 DAN 2010 DAN 31 DESEMBER 2010, 2009, DAN 2008
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain)

38. KEJADIAN SETELAH TANGGAL NERACA (lanjutan)

c. Perusahaan menilai bahwa Gugatan tersebut tidak berdasar dengan alasan sebagai berikut:

(i) Bahwa Perusahaan telah melakukan pembebasan atas seluruh bidang tanah seluas 289,05 Ha yang berlokasi
di Tanah Sangsang, Kecamatan Siluq Ngurai dari pemilik-pemilik tanah asal sesuai dengan ketentuan
peraturan perundang-undangan yang berlaku, sebagaimana dibuktikan berdasarkan Surat Pernyataan
Pelepasan Hak Atas Tanah yang dibuat di hadapan pihak-pihak yang berwenang;
(ii) Bahwa Perusah aan telah memperoleh semua perizinan dan persetujuan yang diperlukan untuk melakukan
kegiatan usaha di bidang pertambangan;
(iii) Bahwa Gugatan tidak jelas karena Penggugat tidak menjelaskan apakah masyarakat adat tersebut telah diakui
keberadaannya secara hukum berdasarkan peraturan perundangan yang berlaku, apakah Penggugat memiliki
kapasitas untuk mewakili masyarakat adat tersebut, dan tidak menyebutkan secara spesifik lokasi tanah-tanah
yang dipermasalahkan, serta tidak menyebutkan dasar hukum dan/atau bukti-bukti yang dimiliki Penggugat
terkait dengan hak kepemilikan atas tanah.
(iv) Bahwa Gugatan seharusnya diajukan ke Pengadilan Negeri dimana objek benda yang disengketakan berada,
yakni pada Kabupaten Kutai Barat Provinsi Kalimantan Timur, dan bukan Pengadilan Negeri Jakarta Selatan
sesuai dengan ketentuan Pasal 118 ayat (3) Het Herziene Indonesisch Reglement (HIR).

Sampai dengan tanggal laporan keuangan konsolidasian ini, perkara tersebut di atas belum diputuskan oleh
Pengadilan Negeri Jakarta Selatan. Pihak Perusahaan yakin bahwa tuntutan tersebut tidak memiliki dasar hokum
yang kuat sehingga tidak diperlukan adanya jumlah yang harus dicadangkan di dalam laporan keuangan
konsolidasian Grup.

d. Berdasarkan Keputusan Edaran Para Pemegang Saham sebagai pengganti Rapat Umum Pemegang Saham Luar
Biasa Perusahaan tertanggal 13 Juni 2011, para pemegang saham Perusahaan menyetujui pengangkatan Dono
Boestami sebagai Direktur Tidak Terafiliasi.

Susunan Dewan Komisaris dan Dewan Direksi baru sebagai berikut:

Presiden Komisaris : Jay T. Oentoro

Komisaris Independen : Andreas Vourloumis
Komisaris Independen : Suhartono Suratman
Komisaris : Suci Kuswardani
Komisaris : Pranata Hajadi

Presiden Direktur : Andre Abdi

Wakil Presiden Direktur : Hans Jurgen Kaschull
Direktur : Aulia Setiadi
Direktur : Joko Kus Sulistyoko
Direktur Tidak Terafiliasi : Dono Boestami

e. Pada tanggal 5 Mei 2011, Perusahaan telah membayar penuh hutang kepada EIRL terkait dengan perolehan
hubungan pelanggan kontraktual tidak berwujud. Lihat Catatan 14.

Di samping itu, Perusahaan juga telah membayar penuh hutang kepada NCT terkait dengan akuisisi OPE pada
tanggal 5 Mei 2011. Lihat Catatan 5b.

f. Pada tanggal 4 Mei 2011, Perusahaan menandatangani Term Sheet dengan Bank Permata untuk menyediakan
fasilitas pinjaman berjangka dengan nilai keseluruhan sebesar AS$4 juta. Nilai fasilitas ini merupakan alokasi dari
limit fasilitas pinjaman berjangka BBE tertanggal 28 Desember 2010 sebesar AS$5 juta. Dengan demikian, limit
fasilitas BBE turun menjadi AS$1 juta. Fasilitas ini digunakan untuk pembiayaan kembali aset milik Perusahaan yang
berada di site BBE. Fasilitas ini berlaku sampai dengan 28 Juni 2014. Masa tenggang dan ketersediaan fasilitas ini
sampai dengan 28 Juni 2011. Tingkat suku bunga per tahun fasilitas ini adalah sebesar 7% (dapat berubah sewaktu-
waktu). Pembayaran pinjaman akan dilakukan secara prorata selama 36 bulan dari total realisasi pencairan. Obyek
yang dibiayai kembali dalam fasilitas pinjaman berjangka ini digunakan sebagai agunan atas fasilitas ini.

Terdapat beberapa covenant keuangan, negative covenant, dan covenant lainnya yang diatur dalam perjanjian
fasilitas kredit yang harus dipenuhi oleh Perusahaan. Bank Permata, berdasarkan Surat No. 277/BP-CGVC/VI/2011
tertanggal 6 Juni 2011, menyetujui perubahan beberapa covenant fasilitas kredit tersebut. Covenant yang signifikan
antara lain:

(i) Menjaga tingkat leverage maksimum 5x.

(ii) Menjaga tingkat debt-to-equity ratio maksimum 4x.
(iii) Menjaga tingkat debt service coverage ratio minimum 1,2x.
(iv) Perusahaan tidak diperkenankan memperoleh fasilitas pinjaman dari pihak lain. Kondisi ini berlaku jika leverage
mencapai minimum 4x dan/atau DER mencapai minimum 3x, yang dihitung baik sebelum maupun sesudah
transaksi;
(v) Perusahaan tidak diperkenankan membagikan dividen, kecuali jika diinstruksikan oleh hukum dan/atau
peraturan yang berlaku atau jika dividen yang dibayarkan lebih kecil dari 35% keuntungan bersih Grup.
(vi) Tanpa pemberitahuan tertulis terlebih dahulu kepada Bank Permata, Perusahaan tidak diperkenankan
memberikan pinjaman kepada pihak lain (termasuk perusahaan afiliasi), kecuali atas pinjaman yang telah ada
sebelum perikatan dengan Bank Permata.
(vii) Tanpa persetujuan tertulis dari Bank Permata, Perusahaan tidak diperkenankan melakukan perubahan
kepemilikan saham pengendali. Kepemilikan saham atas nama Andre Abdi dan Hans Jurgen Kaschull sebagai
pemegang saham pengendali secara bersama-sama tidak diperkenankan kurang dari 51% baik secara
langsung maupun tidak langsung.

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DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
30 APRIL 2011 DAN 2010 DAN 31 DESEMBER 2010, 2009, DAN 2008
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain)

39. ESTIMASI AKUNTANSI, ASUMSI, DAN PERTIMBANGAN PENTING

Estimasi, asumsi, dan penilaian dievaluasi secara terus rnenerus dan didasarkan atas pengalaman masa lalu dan faktor
lainnya, termasuk ekspektasi atas peristiwa di masa yang akan datang yang diyakini dapat terjadi dalam kondisi tersebut.

a. Estimasi untuk provisi reklamasi dan penutupan tambang

Provisi untuk reklamasi dan penutupan tambang diestimasi dengan memperhitungkan fakta-fakta dan kondisi properti
pertambangan Grup yang ada pada saat tanggal neraca. Estimasi-estimasi ini didasarkan atas pengeluaran yang
diperlukan untuk memindahkan atau menyelesaikan kewajiban reklamasi dan pembongkaran dengan memperhitungkan
nilai waktu uang.

b. Estimasi penurunan nilai aset non-keuangan

Penurunan nilai goodwill diuji setiap tahun dan pada saat terdapat indikasi bahwa akan terjadi penurunan nilai. Penurunan
nilai aset tetap, aset tak berwujud, biaya eksplorasi dan pengembangan yang ditangguhkan dan investasi di anak
perusahaan diuji bila terdapat bukti objektif atau indikasi bahwa aset tersebut mengalami penurunan nilai. Jumlah yang
terpulihkan dari aset tersebut dan jika diperlukan, unit-unit yang menghasilkan kas, diperhitungkan berdasarkan
perhitungan nilai pakai. Perhitungan ini memerlukan penggunaan estimasi.

c. Perhitungan cadangan batubara

Pertimbangan manajemen diperlukan dalam menentukan asumsi cadangan batubara Grup terkait dengan biaya
tambang dan harga jual cadangan tersebut. Jumlah cadangan yang terpulihkan secara ekonomis bersifat sensitif
terhadap asumsi biaya dan pendapatan yang digunakan karena berhubungan dengan struktur geologis dari
endapan, yang berarti bila seluruh faktor tidak berubah, apabila asumsi biaya menjadi lebih besar atau asumsi harga
jual menjadi lebih kecil, Grup akan mengestimasi cadangan menjadi lebih rendah dan jika asumsi biaya menjadi lebih
kecil atau asumsi harga jual menjadi lebih besar, Grup akan mengestimasi cadangan lebih tinggi. Grup mendasarkan
seluruh asumsi berdasarkan laporan geologis dan menggunakan informasi cadangan batubara.

Data geologis tambahan dikumpulkan selama operasi tambang dan data ini, bersamaan dengan berbagai asumsi
yang digunakan oleh manajemen, dapat merubah estimasi cadangan batubara dari suatu periode ke periode lain.
Perubahan dalam estimasi sumber dan cadangan batubara dapat mempengaruhi keuangan Grup dalam berbagai
cara, termasuk tingkat depresiasi dan amortisasi dari aset tetap dan aset non-keuangan lainnya sebagai akibat dari
perubahan estimasi umur tambang dan arus kas diskonto di masa depan.

d. Biaya eksplorasi dan pengembangan yang ditangguhkan

Biaya eksplorasi dan pengembangan ditangguhkan dan setelah itu dibebankan sebagai biaya produksi melalui
amortisasi aset. Nisbah kupas dan umur sisa tambang secara regular dinilai oleh Direktur dan manajemen senior
untuk memastikan bahwa nilai tercatat aset tersebut telah memperhitungkan fakta dan kondisi yang ada secara
tepat dari waktu ke waktu.

Biaya eksplorasi dikapitalisasi ke laporan posisi keuangan (neraca), sehubungan dengan area of interest yang
masih berlaku dan dimana biaya-biaya tersebut diharapkan dapat dipulihkan atau kegiatan eksplorasi dan/atau
evaluasi di area of interest belum mencapai tahap yang memungkinkan penilaian yang memadai akan adanya
cadangan yang secara ekonomis dapat dipulihkan, dikapitalisasi di laporan posisi keuangan (neraca). Nilai tercatat
dari aset dalam setiap area of interest secara regular ditelaah setelah mempertimbangkan fakta dan kondisi yang
ada, dan bila biaya yang telah dikapitalisasi melebihi nilai yang dapat dipulihkan, kelebihan nilai tersebut telah
dicadangkan atau dihapusbukukan dalam tahun bersangkutan.

40. PENERBITAN KEMBALI LAPORAN KEUANGAN KONSOLIDASIAN

Dalam rangka Penawaran Saham Publik perdana, Perusahaan telah menerbitkan kembali laporan keuangan
konsolidasian pada tanggal 30 April 2011, 31 Desember 2010, 2009, dan 2008 dan untuk periode empat bulan yang
berakhir pada 30 April 2011 dan untuk tahun yang berakhir pada 31 Desember 2010, 2009, dan 2008 untuk disesuaikan
dengan peraturan pengungkapan BAPEPAM-LK yang berlaku. Perubahan tersebut adalah sebagai berikut:

a. Pengungkapan di Catatan 1b mengenai tahun operasi komersial anak perusahaan dan informasi kepemilikan tidak
langsung pada entitas anak.

b. Pengungkapan di Catatan 23c mengenai pernyataan kesesuaian penyajian laba/(rugi) fiskal di dalam laporan keuangan
dengan SPT yang disampaikan ke DJP.

c. Pemisahan pengungkapan iuran eksploitasi dan biaya manajemen di Catatan 25.

d. Pengungkapan di Catatan 30 bahwa Perusahaan menandatangani komitmen dan perjanjian signifikan dengan pihak
yang tidak berelasi.

e. Tambahan pengungkapan di Catatan 30m mengenai imbalan jasa pemasaran yang diterima oleh Noble.

f. Pengungkapan di Catatan 38f mengenai covenant yang signifikan untuk fasilitas kredit yang ditandatangani
Perusahaan dan Bank Permata pada tanggal 4 Mei 2011.

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DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
30 APRIL 2011 DAN 2010 DAN 31 DESEMBER 2010, 2009, DAN 2008
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain)

40. PENERBITAN KEMBALI LAPORAN KEUANGAN KONSOLIDASIAN (lanjutan)

g. Tambahan pengungkapan di Catatan 3a mengenai alasan tidak diperlukannya penyajian laporan posisi keuangan
konsolidasian pada permulaan periode komparatif terawal.

h. Reklasifikasi akun piutang dan hutang lain-lain pihak berelasi lancar ke tidak lancar pada Catatan 8, 18, dan 28.

i. Tambahan pengungkapan di Catatan 15 mengenai pinjaman dari NCT.

j. Tambahan pengungkapan di Catatan 28 mengenai syarat dan kondisi dari transaksi dengan pihak ya ng berelasi.

k. Tambahan pengungkapan di Catatan 30 mengenai nilai perjanjian signifikan dengan pihak ketiga.

l. Tambahan pengungkapan di Catatan 2w mengenai definisi dan pengukuran hubungan pelanggan kontraktual tidak
berwujud dan di Catatan 14 mengenai identitas MGI, EIRL, dan Noble selaku pihak ketiga.

m. Pengungkapan di Catatan 37 mengenai penyisihan imbalan kerja karyawan.

n. Tambahan pengungkapan di Catatan 5 mengenai pengakuan kewajiban pajak tangguhan dan goodwill sebesar hasil
perkalian properti pertambangan dan tarif pajak yang berlaku.

o. Tambahan pengungkapan di Catatan 2b mengenai definisi properti pertambangan.

Direksi Perusahaan telah menyetujui penerbitan kembali laporan keuangan konsolidasian pada tanggal 30 April 2011, 31
Desember 2010, 2009, dan 2008 dan untuk periode empat bulan yang berakhir pada 30 April 2011 dan untuk tahun yang
berakhir pada 31 Desember 2010, 2009, dan 2008. Tidak terdapat perbedaan material antara laporan keuangan
konsolidasian terdahulu dengan laporan keuangan konsolidasian yang diterbitkan kembali, kecuali seperti yang dijelaskan
di atas.

41. PERKEMBANGAN TERAKHIR STANDAR AKUNTANSI KEUANGAN

Ikatan Akuntan Indonesia telah menerbitkan beberapa standar akuntansi yang direvisi yang berlaku untuk laporan
keuangan yang periodenya dimulai pada atau setelah 1 Januari 2012:

a. PSAK 10 (Revisi 2010) ”Pengaruh Perubahan Kurs Valuta Asing”

b. PSAK 18 (Revisi 2010) ”Akuntansi dan Pelaporan Program Manfaat Purna Karya”
c. PSAK 24 (Revisi 2010) ”Imbalan Kerja”
d. PSAK 34 (Revisi 2010) ”Kontrak Konstruksi”
e. PSAK 46 (Revisi 2010) ”Pajak Penghasilan”
f. PSAK 50 (Revisi 2010) ”Instrumen Keuangan: Penyajian”
g. PSAK 53 (Revisi 2010) ”Pembayaran Berbasis Saham”
h. PSAK 60 (Revisi 2010) ”Instrumen Keuangan: Pengungkapan”
i. PSAK 61 (Revisi 2010) ”Akuntansi Hibah Pemerintah dan Pengungkapan Bantuan Pemerintah”

Grup masih mempertimbangkan dampak yang mungkin timbul dari penerapan standar-standar ini terhadap laporan
keuangan konsolidasian.

42. REKLASIFIKASI AKUN

Beberapa akun dalam laporan keuangan konsolidasian pada tanggal 31 Desember 2009 dan 2008 dan untuk tahun yang
berakhir pada 31 Desember 2009 dan 2008 telah direklasifikasi agar sesuai dengan penyajian laporan keuangan
konsolidasian pada dan untuk periode empat bulan yang berakhir pada 30 April 2011.

30 April 31 Desember 31 Desember 31 Desember

Akun yang terpengaruh 2011 2010 2009 2008

Hutang usaha - - (16.988) (1.590)

Hutang lain-lain - - 16.988 1.590

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INFORMASI TAMBAHAN TERSENDIRI INDUK PERUSAHAAN

LAPORAN POSISI KEUANGAN (NERACA)
30 APRIL 2011 DAN 31 DESEMBER 2010, 2009, DAN 2008
(Dinyatakan dalam jutaan Rupiah)

30 April 31 Desember 31 Desember 31 Desember

2011 2010 2009 2008

ASET LANCAR
Kas dan setara kas 253.683 3.073 341 1.343
Piutang usaha
- Pihak ketiga 106.376 17.251 43.633 -
- Pihak yang berelasi 923 - - 5.000
Piutang lain-lain
- Pihak ketiga 7.542 2.518 36 2.030
Uang muka dan pembayaran di muka yang
akan jatuh tempo dalam satu tahun 1.008 3.789 4.649 6.758
Pajak dibayar di muka 6.321 5.309 463 -

Jumlah aset lancar 375.853 31.940 49.122 15.131

ASET TIDAK LANCAR

Piutang lain-lain
- Pihak ketiga 15.395 54.059 15.788 -
- Pihak yang berelasi 331.751 106.961 14.315 35.934
Uang muka dan pembayaran di muka
setelah dikurangi bagian yang akan
jatuh tempo dalam satu tahun 1.286 - 519 -
Investasi di anak perusahaan 66.686 53.005 7.506 8.005
Aset pajak tangguhan, bersih 699 772 140 37
Aset tetap
(setelah dikurangi akumulasi
penyusutan sejumlah Rp 21.455
pada 30 April 2011,
Rp 18.996 pada 31 Desember 2010,
Rp 5.208 pada 31 Desember
2009, dan Rp 696 pada
31 Desember 2008) 123.707 120.539 56.765 42.336
Hubungan pelanggan kontraktual tidak
berwujud (setelah dikurangi akumulasi
amortisasi sejumlah Rp 9.424
pada 30 April 2011, Rp 4.126 pada
31 Desember 2010, Rp nihil
pada 31 Desember 2009 dan 2008) 282.857 58.811 - -
Aset tidak lancar lain-lain 883 1.487 40 12

Jumlah aset tidak lancar 823.264 395.634 95.073 86.324

JUMLAH ASET 1.199.117 427.574 144.195 101.455

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INFORMASI TAMBAHAN TERSENDIRI INDUK PERUSAHAAN

LAPORAN POSISI KEUANGAN (NERACA) (lanjutan)
30 APRIL 2011 DAN 31 DESEMBER 2010, 2009, DAN 2008
(Dinyatakan dalam jutaan Rupiah)

30 April 31 Desember 31 Desember 31 Desember

2011 2010 2009 2008

LIABILITAS JANGKA PENDEK

Hutang usaha
- Pihak yang berelasi 256.811 126.449 - -
Biaya yang masih harus dibayar 2.293 1.774 1.886 128
Hutang lain-lain
- Pihak ketiga 250.827 5.193 8.596 1.126
- Pihak yang berelasi 37.668 2.237 42.295 1.284
Pendapatan diterima di muka 16.616 37.183 - -
Hutang pajak 10.924 4.791 3.799 1.954
Pinjaman jangka panjang yang
akan jatuh tempo dalam satu tahun - - 47.000 -
Hutang sewa pembiayaan jangka panjang
yang akan jatuh tempo dalam satu tahun 22.857 22.544 867 -

Jumlah liabilitas jangka pendek 597.996 200.171 104.443 4.492

LIABILITAS JANGKA PANJANG

Pinjaman jangka panjang setelah dikurangi bagian
yang akan jatuh tempo dalam satu tahun 89.786 - 17.921 85.644
Hutang sewa pembiayaan jangka panjang
setelah dikurangi bagian yang
akan jatuh tempo dalam satu tahun 14.844 19.436 1.405 -
Penyisihan imbalan karyawan 2.736 2.181 - -

Jumlah liabilitas jangka panjang 107.366 21.617 19.326 85.644

EKUITAS
Ekuitas yang dapat diatribusikan kepada
pemegang saham Perusahaan:
- Modal saham 470.000 200.000 20.000 600
- Uang muka setoran modal - - - 13.831
- Laba ditahan/(akumulasi kerugian) 23.755 5.786 426 (3.112)

Jumlah ekuitas 493.755 205.786 20.426 11.319

JUMLAH LIABILITAS DAN EKUITAS 1.199.117 427.574 144.195 101.455

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INFORMASI TAMBAHAN TERSENDIRI INDUK PERUSAHAAN

LAPORAN LABA/(RUGI) KOMPREHENSIF
UNTUK PERIODE EMPAT BULAN YANG BERAKHIR 30 APRIL 2011 DAN 2010 (TIDAK DIAUDIT)
DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010, 2009, DAN 2008
(Dinyatakan dalam jutaan Rupiah)

30 April 30 April 31 Desember 31 Desember 31 Desember

2011 2010 2010 2009 2008
(tidak diaudit)

Pendapatan usaha 275.672 12.745 226.050 52.779 25.053

Biaya sehubungan dengan pendapatan (233.515) (1.457) (178.736) - -

LABA KOTOR 42.157 11.288 47.314 52.779 25.053

Beban usaha (25.135 ) (13.156) (39.149 ) (54.508) (22.579 )

LABA/(RUGI) USAHA 17.022 (1.868) 8.165 (1.729) 2.474

PENDAPATAN/(BIAYA) LAIN-LAIN
Biaya keuangan (901) (96) (1.291) (8.381) (3.019)
Denda pajak (335) (116) (1.057) (716) (20)
Biaya bank (64) (48) (162) (132) (58)
Keuntungan/(kerugian) selisih
kurs, bersih 8.925 6.308 2.043 17.326 (4.184)
Pendapatan keuangan 4 1.140 1.157 24 1.652
Lain-lain, bersih (24) (2) (15) 19 1

Pendapatan/(biaya) lain-lain, bersih 7.605 7.186 675 8.140 (5.628 )

LABA/(RUGI) SEBELUM PAJAK

PENGHASILAN 24.627 5.318 8.840 6.411 (3.154 )

(Beban)/manfaat
pajak penghasilan, bersih (6.658) (1.764) (3.480) (2.873) 37

LABA/(RUGI) BERSIH 17.969 3.554 5.360 3.538 (3.117 )

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INFORMASI TAMBAHAN TERSENDIRI INDUK PERUSAHAAN

LAPORAN PERUBAHAN EKUITAS
UNTUK PERIODE EMPAT BULAN YANG BERAKHIR 30 APRIL 2011 DAN 2010 (TIDAK DIAUDIT)
DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010, 2009, DAN 2008
(Dinyatakan dalam jutaan Rupiah)

Uang muka Laba ditahan/

Modal setoran (akumulasi
saham modal kerugian) Jumlah

Saldo per 1 Januari 2008 600 - 5 605

Uang muka setoran modal - 13.831 - 13.831

Rugi tahun berjalan - - (3.1 17) (3.117)

Saldo per 31 Desember 2008 600 13.831 (3.112 ) 11.319

Penerbitan saham baru 19.400 (13.831) - 5.569

Laba tahun berjalan - - 3.538 3.538

Saldo per 31 Desember 2009 20.000 - 426 20.426

Penerbitan saham baru 180.000 - - 180.000

Laba tahun berjalan - - 5.360 5.360

Saldo per 31 Desember 2010 200.000 - 5.786 205.786

Penerbitan saham baru 270.000 - - 270.000

Laba periode berjalan - - 17.969 17.969

Saldo per 30 April 2011 470.000 - 23.755 493.755

Uang muka
Modal setoran
saham modal Laba ditahan Jumlah

Saldo per 1 Januari 2010 20.000 - 426 20.426

Penerbitan saham baru 90.000 - - 90.000

Laba periode berjalan (tidak diaudit) - - 3.554 3.554

Saldo per 30 April 2010 (tidak diaudit) 110.000 - 3.980 113.980

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RINGKASAN
LAPORANSUMBERDAYADANCADANGAN
SESUAIKENTUANJORC
PTGORBYPUTRAUTAMA


PTGORBYENERGY

PTBANYANKOALINDOLESTARI



JULY2011












PTBritmindo
Jl.KemangTimur60A,Jakarta,Indonesia
www.britmindo.com

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RINGKASAN
LAPORANSUMBERDAYADANCADANGANBATUBARA
PT Britmindo (Britmindo) telah ditunjuk oleh PT Atlas Resources (AR) untuk melakukan
pekerjaanestimasisecaraindependen(selanjutnyadisebut“pernyataan”)Sumberdayadan
Cadangan Batubara di tiga (3) wilayah konsesi batubara yang dikuasai oleh AR. Wilayah
konsesitersebutadalahIUPproduksiPTGorbyPutraUtama(GPU),IUPProduksiPTGorby
Energy (GE) and IUP Produksi PT Banyan Koalindo Lestari (BKL) terletak di Musi Rawas,
SumatraSelatan,Indonesia.

Sebagaibagiandaripekerjaantersebutdiatas,Britmindotelahmenyusun“CoalResources
and Reserves Statement”, July 2011, sesuai dengan ketentuanketentuan pada petunjuk
pembuatan laporan dari “Joint Ore Reserves Committee of the Australasian Institute of
Mining and Metallurgy, Australasian Institute of Geoscientists and Mineral Council of
Australia”(“TheJORCCode”),2004yangmencakuphalhalsepertiberikut:

RegionalGeologi
EndapanbatubaradiwilayahGPU,GEdanBKLtermasukdalamSubBasinPalembangbagian
dari sedimen pembawa batubara Tersier di Basin Sumatra Selatan. Wilayah tersebut
didominasiolehFormasiMuaraenimsebagaiformasipembawa batubara,sementara pada
beberapatempatterdapatpulaendapanFormasiAirbenakatdanAlluvial.

SejarahEksplorasi
Explorasi di wilayah GPU, GE dan BKL telah dimulai sejak tahun 2008 oleh AR. Aktifitas
explorasitersebutmencakuppemetaangeologi,pemboran,logginggeofisika,pengambilan
conto,analisiskualitasbatubara,pengukurantopografidaninterpretasigeologi.

Semua pemborandilakukanoleh PTIndonesia CarbondanCVPutraAlamDrillingdengan
menggunakan dua unit bor jenis Jacro MD 150 yang mempunyai kemampuan pemboran
hingga kedalamn 150 m dan bor jenis Jacro MD 200 yang mempunyai kemampuan
pemboranhinggakedalamn200m.

Logging geofisika di semua wilayah dilakukan oleh PT Surtech Indonesia mengunakan unit
SingleRunLoggingSystem(SLS).

Semua analisis conto batubara dilakukan oleh laboratorium PT Sucofindo di Bengkulu dan
LaboratoriumPTGeoservicesdiPalembang,ditestberdasarkanstandarISO.

Semua koordinat lubang bor diukur oleh surveyor internal perusahaan dan PT PT Scindo
Data.

TopografididiukurolehPTPTAirborneInformaticsmenggunakanmetodasurveyairborne
“LightDetectionandRanging”(LIDAR)denganakurasidibawah1m.Pengukurantopografi
tersebutmencakupdaerahrencanapitdantimbunantambang.



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WilayahGPU
Sebanyak47singkapanbatubaradan2paritujitelahdiamatidenganketebalanberkisardari
0.5sampai14.0m.Umumnyasingkapansingkapanbatubaraditemukandibagiantimurdari
wilayah konsesi dengan arah jurus dari BaratlautTenggara dan kemiringan lapisan dari 7
sampai45derajatkearahTimurlaut.

Selama perioda tahun 2009 sampai 2011, di wilayah GPU telah dilakukan pemboran
sebanyak 801 lubang termasuk pemboran geoteknik, open dan inti. Lubanglubang bor
tersebutberjarakkirakira100sampai200mdandalambeberapatempatterdapatpaling
tidak 2 lubang bor disetiap garis spasinya dan memotong setiap lapisan batubara
menghasilkan gambaran kemenerusan lapisan dan korelasi sepanjang arah jurus dan
kemiringan.Kedalamanborumumnyaberkisardari10sampai150m.

WilayahGE
Sebanyak 38 singkapan batubara telah diamati dengan ketebalan berkisar dari 0.5 sampai
13.0 m. Umumnya singkapansingkapan batubara ditemukan dengan arah jurus dari
BaratlautTenggaradankemiringanlapisandari10sampai32derajatkearahTimurlaut.

Selamaperiodatahun2009sampai2011,diwilayahGEtelahdilakukanpemboransebanyak
245 lubang termasuk pemboran geoteknik, open dan inti. Lubanglubang bor tersebut
berjarak kirakira 100 sampai 200 m dan dalam beberapa tempat terdapat paling tidak 2
lubang bor disetiap garis spasinya dan memotong setiap lapisan batubara menghasilkan
gambaran kemenerusan lapisan dan korelasi sepanjang arah jurus dan kemiringan.
Kedalamanborumumnyaberkisardari10sampai150m.


WilayahBKL
Sebanyak 36 singkapan batubara telah diamati dengan ketebalan berkisar dari 0.5 sampai
25.0 m. Umumnya singkapansingkapan batubara ditemukan dengan arah jurus dari
BaratlautTenggaradankemiringanlapisandari11sampai55derajatkearahTimurlaut.

Selama perioda tahun 2009 sampai 2011, di wilayah BKL telah dilakukan pemboran
sebanyak 245 lubang termasuk pemboran open dan inti. Lubanglubang bor tersebut
berjarak kirakira 100 sampai 200 m dan dalam beberapa tempat terdapat paling tidak 2
lubang bor disetiap garis spasinya dan memotong setiap lapisan batubara menghasilkan
gambaran kemenerusan lapisan dan korelasi sepanjang arah jurus dan kemiringan.
Kedalamanborumumnyaberkisardari10sampai195m.

PemeriksaanDataPemborandanModelGeologi
Semua data bor yang diperiksa dalam penentuan Sumberdaya dan Cadangan Batubara ini
disusun dan disediakan oleh AR sebagai hasil eksplorasi yang dilakukan selama perioda
tahun2009sampai30April2011.

Dari hasil pemeriksaan data bor, Britmindo tidak menemukan kesalahankesalahan yang
fataldalamdalamdatabortersebut.


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Model geologi yang diperiksa dalam penentuan Sumberdaya dan Cadangan Batubara ini
dibuatdandiberikanolehARdalamformatkomputerisasimodelgeologi.

ModelgeologidibuatdalamduaprojectterpisahyaitugabunganwilayahGPUdanGEdalam
satuprojectdanwilayahBKLdalamprojectyanglain.

ModelgeologitersebutdibuatmenggunakanperangkatlunakMineScapeStratmodel.

Britmindo telah memeriksa model geologi yang diberikan tersebut dan tidak menemukan
adanya kesalahankesalahan fatal pada model tersebut dan interpretsai yang dibuat bisa
diterima.

LapisanBatubara
Kelompokseam40adalahseamutamadisemuawilayahkonsesidenganketebalanmaximum
25 m. Seam 40 terpecah menjadi beberapa lapisan batubara di beberapa wilayah konsesi.
Lapisanbatuanantaralapisanbatubaraumumnyaterdiridaribatulumpur.

Saatini,lapisanlapisanbatubaralain,walaupunketebalannyadianggapdapatditambang,tapi
karenakurangnyadatakualitasdianggapmempunyaitingkatkeyakinanyangrendah.

StrukturendapanbatubararelatifsederhanahinggamoderatberupalipatanberarahBaratlaut
membetukstruktursinklin.Secaraumumstrukturlapisanbatubaramempunyaiarahjurusdari
BaratlautTenggaradengankemiringandatarsampaicukupterjalantara5hingga60derajat.

KualitasBatubara
Kualitasbatubarainsitutiaplapisanuntuklapisanlapisanbatubarayangtermasukestimasi
CadanganTertambanguntuksetiapwilayahdiperlihatkandalamtabeltabeldibawahini.

WilayahGPU
Lapisan TM ProximateAnalysis(adb) TS CV RD Insitu
Batubara (ar) IM Ash VM FC (adb) (adb) (ar) (adb) Density
(%) (%) (%) (%) (%) (%)adb (kcal/kg) (kcal/kg)
Seam42
Min 35.73 12.82 2.92 35.24 33.68 0.37 4694 3365 1.32 1.22
Average 37.94 16.99 8.81 37.63 36.57 0.62 5043 3771 1.37 1.25
Max 39.65 22.53 15.98 42.55 40.00 1.15 5601 4078 1.47 1.30
Seam40U
Min 33.04 9.71 1.68 36.10 30.59 0.15 4669 3514 1.28 1.18
Average 36.39 15.22 6.33 41.13 37.26 0.48 5424 4069 1.38 1.26
Max 41.71 27.44 16.99 45.54 42.01 1.49 6006 4412 1.49 1.33
Seam40L
Min 29.46 8.96 1.69 31.51 28.13 0.10 4130 3388 1.22 1.10
Average 36.92 14.41 5.28 41.39 38.79 0.39 5509 4059 1.38 1.25
Max 40.03 28.02 20.98 45.20 41.75 1.60 6098 4590 1.49 1.37





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WilayahGE
Lapisan TM ProximateAnalysis(adb) TS CV RD Insitu
Batubara (ar) IM Ash VM FC (adb) (adb) (ar) (adb) Density
(%) (%) (%) (%) (%) (%) (kcal/kg) (kcal/kg)
Seam40U
Min 33.53 8.24 9.09 36.78 27.06 0.40 4474 3318 1.35 1.23
Average 37.74 13.47 10.89 39.89 35.74 0.44 5128 3690 1.42 1.27
Max 43.31 24.10 14.50 42.47 37.80 0.63 5363 3922 1.43 1.29
Seam40L
Min 27.27 8.47 2.34 29.39 27.53 0.16 3900 3354 1.29 1.16
Average 35.96 14.82 8.93 38.81 37.43 0.62 5222 3926 1.39 1.27
Max 41.48 26.38 28.56 44.01 42.35 2.43 5888 4302 1.56 1.58
Seam30
Min 32.05 11.80 4.77 39.21 38.71 0.29 3900 3318 1.35 1.23
Average 34.60 12.89 6.30 40.80 40.01 0.34 5532 4153 1.37 1.25
Max 38.70 14.83 8.62 42.87 42.09 0.40 5888 4302 1.40 1.27


WilayahBKL
Lapisan TM ProximateAnalysis(adb) TS CV RD Insitu
Batubara (ar) IM Ash VM FC (adb) (adb) (ar) (adb) Density
 (%) (%) (%) (%) (%) (%) (kcal/kg) (kcal/kg)  

Seam60
Min 32.60 8.81 2.49 35.66 33.52 0.24 4788 4037 1.30 1.20

Average 34.33 12.25 4.38 42.50 40.87 0.38 5759 4310 1.34 1.23

Max 35.74 25.51 8.67 44.82 43.69 0.52 6135 4516 1.40 1.29

Seam40
Min 31.08 9.12 1.63 37.50 36.24 0.12 5254 4285 1.24 1.18

Average 32.12 13.85 3.06 42.67 40.42 0.25 5812 4579 1.33 1.24

Max 34.21 23.03 8.19 44.57 43.05 0.37 6127 4731 1.39 1.28


SumberdayaBatubara
SumberdayabatubaradiwilayahGPUdiestimasisebanyak55.2jutaton(JT)Terukur,16.7JT
Terunjukdan64.4JTTereka,denganjumlahtotalSumberdaya136.2JT.

SumberdayabatubaradiwilayahGEdiestimasisebanyak41.8JTTerukur,18.5JTTerunjuk
dan42.5JTTereka,denganjumlahtotalSumberdaya102.8JT.

SumberdayabatubaradiwilayahBKLdiestimasisebanyak33.5JTTerukur,9.3JTTerunjuk
dan24.5JTTereka,denganjumlahtotalSumberdaya67.4JT.

TotalSumberdayabatubarauntuktigawilayahadalah306.4JT.

CadanganBatubara
CadanganBatubaraTertambangdiwilayahGPUdinyatakansebanyak41.4JTTerbuktidan
2.0JTTerkira,denganjumlahtotalCadanganBatubara43.4JTpadastripratioratarata5.2:
1.

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CadanganBatubaraTertambangdiwilayahGEdinyatakansebanyak21.6JTTerbuktidan0.2
JTTerkira,denganjumlahtotalCadanganbatubara21.8JTpadastripratioratarata5.0:1.

CadanganBatubaraTertambangdiwilayahBKLdinyatakansebanyak9.5JTTerbuktidan2.9
JTTerkira,denganjumlahtotalCadanganbatubara12.5JTpadastripratioratarata5.1:1.

TotalCadanganBatubaraTertambanguntuktigawilayahadalah77.7JT.

Angka Cadangan di atas dianggap sebagai Cadangan Tertambang insitu. Penyesuaian nilai
moisturetidakdilakukanuntukmenentukankuantitasprodukbatubara.

Perkiraan kualitas batubara tertambang (ROM) termasuk material pengotor diperlihatkan
padatabeldibawahini.

Area COAL TM IM Ash TS CVad CVar
 (mt) (%)ar (%)adb (%)adb (%)adb (kcal/kg) (kcal/kg)
GPU 43.4 36.60 14.56 6.58 0.42 5413 4017
GE 21.8 35.74 14.58 9.79 0.61 5170 3889
BKL 12.5 32.74 13.34 3.77 0.29 5774 4482


RencanaJadwalProduksi
Perencanaan tambang dan penjadwalan produksi dibuat untuk pitpit di wilayah GPU, GE
dan BKL. Jadwal produksi mencakup 13 tahun rencana umur tambang dengan  strip ratio
5.15:1.Sasaranproduksitahunandimulaiditahun2011.

Perencanaan tambang menjadwalkan kuantitas penggalian batubara dan volume tanah
penutupsesuaisasaranstripratio.

Perencanaan tersebut menetapkan produksi awal sekitar 0.6 JT dimulai di tahun 2011 di
wilayah GPU, kemudian meningkat menjadi sekitar 2.57 JT di tahun 2012 di wilayah GPU
dan GE. Pada tahun 2013 penambangan di wilayah BKL dimulai untuk meningkatkan
produksimenjadi5.10JTdanseterusnyaproduksiditingkatkanlagimenjadisekitar9.25JT
dimulaiditahun2015kemudiandilanjutkandenganproduksitahunanyangsamajumlahnya
hinggatahun2023.

EvaluasiEkonomis
Evaluasi ekonomis untuk keperluan biaya awal dan biaya operasi pengembangan proyek
tambangtelahdibuatdenganbeberapaasumsi.

Biaya produksi untuk Cadangan yang diestimasi telah dibuat dengan asumsi bahwa
penambanganakandilakukanolehkontraktortambang.

Batubara akan ditambang dari pit dan diangkut ke tempat penyimpanan batubara
tertambang(ROM),kemudiandaritempattersebutakandiangkutmelaluijalurdaratdanair
ketempatpengapalandilepaspantai.


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jalur jalan darat yang dipilih adalah menuju pelabuhan muat yang berada di Sungai Lalan
kirakiraberjarak107kmkearahtimurdariwilayahpenambangan.

Dipelabuhantersebut,batubaraakandisimpandankemudiandimuatkedalamtongkang
tongkang dan selanjutnya diangkut lewat jalur air menuju tempat pengapalan di lepas
pantaiMuaraBanyuasinyangberjaraksekitar160km.

Perkiraanbiayaawaldanbiayaproduksidibuatuntukoperasitambang9JTpertahun.Hal
inidianggapdapatdilaksanakandenganmodalawalyangcukup,umurtambangyangcukup
lama,logistikyangmemadaisertapilihantranportasiyangdapatditerima.

BiayaawaldiperkirakansebesarUS$65.65jutadenganbiayaoperasisebesarUS$42.71per
tonuntukproduksi9jutapertahun.

Model Ekonomi gabungan wilayah GPU, GE dan BKL telah dibuat untuk rencana umur
tambangtermasukpembayaran5%royaltipemerintahdanPPN10%untukkontraktor.



Disclaimer
Laporan ini telah disusun oleh Britmindo untuk kepentingan PT Atlas Resources (AR).
Penentuanpenentuandanasumsiasumsiyangdinyatakandalamlaporaninitelahdisusun
secaraprofessionaldansesuaidengancaraevaluasiendapanbatubarayangdapatditerima
secarageologidanengineering.

IsidarilaporaninibersifatrahasiadanhanyauntukdigunakanolehARdanpegawainyasaja.
Penggunaansebagaianatauseluruhlaporaniniataudatadidalamnyaolehpihaklaintidak
diperkenankan tanpa ijin langsung dari fihak AR atau perwakilannya yang ditunjuk atau
penulis. Britmindo tidak bertanggung jawab atas penggunaan sebagian atau semua isi
laporaniniolehpihaklain.


Ringkasan ini dibuat sebagai terjemahan dari Executive Summary laporan “PT Atlas
Resources,PTGorbyPutraUtama,PTGorbyEnergy,PTBanyanKoalindoLestari,Resources
andReservesStatementinAccordancewithJORCCode”,Juli2011,PTBritmindo.



AchmadHawadi


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255000

256000
256000

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467
LEGEND

Drillhole Location

255000
255000

Concession Boundaries

540000 541000 542000

Meters

0 100 200 400

PT Atlas Resources
JORC RESOURCES AND RESERVES STATEMENT 2011

DRILL HOLE LOCATION - BBE

Date: Jul 2011 Job No: ADV-JA-03753 Appendix: B-1

 540000 541000 542000
535000 540000 545000
260000

260000
255000

255000
256000

256000
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250000

535000 540000 545000

468
LEGEND
255000

255000
Practical Pit
Concession Area
540000 541000 542000
Meters
0 100 200 400
PT Atlas Resources
JORC RESOURCES AND RESERVES STATEMENT 2011
TOPOGRAPHY - BBE
Date: Jul 2011 Job No: ADV-JA-03753 Appendix: B-2
 541000 542000

535000 540000 545000

260000
260000

256000
256000

255000
255000

250000
250000
535000 540000 545000

469
LEGEND

Contour Structure

255000
255000

Concession Area

541000 542000

Meters

0 50 100 200

PT Atlas Resources
JORC RESOURCES AND RESERVES STATEMENT 2011

CONTOUR STRUCTURE
SEAM SA - BBE
Date: Jul 2011 Job No: ADV-JA-03753 Appendix: B-3
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 541000 542000

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255000

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471
LEGEND

Drillholes

Concession Area

Measured Resource Limits

Indicated Resource Limits

Inferred Resource Limits

255000
255000

Mine Out

541000 542000

Meters

0 50 100 200

PT Atlas Resources
JORC RESOURCES AND RESERVES STATEMENT 2011

COAL RESOURCE LIMITS

SEAM SB - BBE
Date: Jul 2011 Job No: ADV-JA-03753 Appendix: C-1
 541000 542000
535000 540000 545000
260000

260000
256000

256000
255000

255000
250000

250000

535000 540000 545000

472
LEGEND
Drillholes
Concession Area
Measured Resource Limits
Indicated Resource Limits
255000

255000
Inferred Resource Limits
Mine Out
541000 542000
Meters
0 50 100 200
PT Atlas Resources
JORC RESOURCES AND RESERVES STATEMENT 2011
COAL RESOURCE LIMITS
SEAM SD - BBE
Date: Jul 2011 Job No: ADV-JA-03753 Appendix: C-2
 541000 542000

535000 540000 545000

260000
260000

256000
256000

255000
255000

250000
250000
535000 540000 545000

473
LEGEND

Drillholes

Concession Area

Measured Resource Limits

Indicated Resource Limits

Inferred Resource Limits

255000
255000

Mine Out

541000 542000

Meters

0 50 100 200

PT Atlas Resources
JORC RESOURCES AND RESERVES STATEMENT 2011

COAL RESOURCE LIMITS

SEAM SF - BBE
Date: Jul 2011 Job No: ADV-JA-03753 Appendix: C-3
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476
LEGEND
Practical Pit
Concession Area
Proved Reserves
255000

255000
Probable Reserves
541000 542000
Meters
0 50 100 200
PT Atlas Resources
JORC RESOURCES AND RESERVES STATEMENT 2011
COAL RESERVE LIMITS
SEAM SD - BBE
Date: Jul 2011 Job No: ADV-JA-03753 Appendix: D-2
 541000 542000

535000 540000 545000

260000
260000

256000
256000

255000
255000

250000
250000
535000 540000 545000

477
LEGEND

Practical Pit

Concession Area

Proved Reserves

255000
255000

Probable Reserves

541000 542000

Meters

0 50 100 200

PT Atlas Resources
JORC RESOURCES AND RESERVES STATEMENT 2011

COAL RESERVE LIMITS

SEAM SF - BBE
Date: Jul 2011 Job No: ADV-JA-03753 Appendix: D-3
PT. Atlas Resources

PT. Diva Kencana Borneo

STATEMENT OF OPEN CUT COAL RESOURCES AND

RESERVES
AS AT 30 APRIL 2011

July 2011 Report

Job No ADV-JA-03754_DKB_2011

478
IMPORTANT INFORMATION ABOUT THIS INFORMASI
DOCUMENT DOKUMEN INI
1. Our Client
This report has been produced by PT Runge
Indonesia solely for PT. Atlas Resources,
(the Client).
2. Client Use
The Client’s use and disclosure of this report
is subject to the terms and conditions under
which PT Runge Indonesia prepared the
report.
3. Notice to Third Parties
PT Runge Indonesia prepared this report for
the Client only.
If you are not the Client:
- PT Runge Indonesia has prepared this
report having regard to the particular
needs and interests of the Client, and in
accordance with the Client’s instructions.
It did not draft this report having regard to
any other person’s particular needs or
interests. Your needs and interests may
be distinctly different to the Client’s
needs and interests, and the report may
not be sufficient, fit or appropriate for
your purposes.
- PT Runge Indonesia does not make and
expressly disclaims from making any
representation or warranty to you –
express or implied – regarding this report
or the conclusions or opinions set out in
this report (including without limitation
any representation or warranty regarding
the standard of care used in preparing
this report, or that any forward-looking
statements, forecasts, opinions or
projections contained in the report will be
achieved, will prove to be correct or are
based on reasonable assumptions.
- PT Runge Indonesia expressly disclaims
any liability to you and any duty of care to
you.
479
PENTING TENTANG
1. Klien Kami
Laporan ini dibuat oleh PT Runge Indonesia
dan diserahkan hanya kepada PT. Atlas
Resources, (Klien).
2. Penggunaan oleh Klien
Penggunaan dan pengungkapan laporan ini
oleh Klien harus tunduk dan mematuhi
syarat dan ketentuan yang telah disetujui
oleh PT Runge Indonesia pada saat
penulisan laporan ini.
3. Pemberitahuan kepada Pihak Ketiga
PT Runge Indonesia menyiapkan laporan ini
hanya untuk Klien.
Jika anda bukan termasuk Klien:
- PT Runge Indonesia telah menyusun
laporan ini dengan mempertimbangkan
kebutuhan-kebutuhan khusus serta
untuk kepentingan Klien, dan
berdasarkan instruksi-instruksi dari
Klien. Dalam menyusun laporan ini kami
tidak mempertimbangkan kebutuhan
atau kepentingan pihak lain. Kebutuhan
serta kepentingan Anda mungkin
berbeda dengan kebutuhan serta
kepentingan Klien, dan laporan mungkin
saja tidak cukup, tidak layak atau tidak
tepat bagi maksud dan tujuan Anda.
- PT Runge Indonesia tidak memberikan
dan secara tegas menyangkal untuk
memberikan pernyataan, kesanggupan
atau jaminan apapun kepada Anda –
baik tersurat ataupun tersirat –
mengenai laporan ini atau kesimpulan
atau pendapat yang tercantum di dalam
laporan ini (termasuk namun tidak
terbatas pada segala pernyataan atau
kesanggupan atau jaminan apapun
mengenai standard of care yang
diterapkan dalam menyusun laporan ini,
atau bahwa pernyataan atau janji
mengenai hal-hal yang terjadi di
kemudian hari, ramalan, pendapat atau
proyeksi yang terkandung di dalam
laporan ini akan dicapai, akan terbukti
benar atau berdasarkan asumsi-asumsi
yang dianggap wajar.
- PT Runge Indonesia secara tegas
menyatakan tidak memiliki tanggung
jawab hukum atau kewajiban apapun
terhadap Anda serta duty of care kepada

- PT Runge Indonesia tidak mengijinkan
- PT Runge Indonesia does not authorise
you to rely on this report. If you choose
to use or rely on all or part of this report,
then any loss or damage you may suffer
in so doing is at your sole and exclusive
risk.
Anda.
Anda untuk mengandalkan laporan ini.
Apabila Anda memutuskan untuk
menggunakan atau mengandalkan
seluruh atau sebagian dari laporan ini,
maka segala kerugian atau kerusakan
yang mungkin Anda derita sebagai
akibat penggunaan atau pengandalan
laporan ini, sepenuhnya merupakan
resiko Anda sendiri.

4.Masukan, Perubahan Selanjutnya

4. Inputs, subsequent Changes and
No Duty to Update
- PT Runge Indonesia telah membuat
- PT Runge Indonesia has created this
report using data and information
provided by or on behalf of the Client
[and Client’s agents and contractors].
Unless specifically stated otherwise, PT
Runge Indonesia has not independently
verified that data and information. PT
Runge Indonesia accepts no liability for
the accuracy or completeness of that
data and information, even if that data
and information has been incorporated
into or relied upon in creating this report
(or parts of it).
- Segala kesimpulan dan pendapat yang
- The conclusions and opinions contained
in this report apply as at the date of the
report. Events (including changes to any
of the data and information that PT
Runge Indonesia used in preparing the
report) may have occurred since that
date which may impact on those
conclusions and opinions and make them
unreliable. PT Runge Indonesia is under
no duty to update the report upon the
occurrence of any such event, though it
Reserves the right to do so.
dan Tanpa Kewajiban untuk
Memperbaharui (No Duty to Update)
laporan ini dengan menggunakan data
dan informasi yang disediakan oleh atau
atas nama Klien [dan para agen Klien dan
para kontraktor Klien]. Kecuali secara
tegas dinyatakan lain, PT Runge
Indonesia belum melakukan verifikasi data
secara independen mengenai data dan
informasi tersebut. PT Runge Indonesia
tidak bertanggung jawab secara hukum
atas keakuratan serta kelengkapan data
dan informasi tersebut, meskipun data dan
informasi tersebut telah menjadi kesatuan
bagian atau diandalkan dalam rangka
menyusun laporan ini (atau bagian
apapun darinya).
terkandung di dalam laporan ini berlaku
sesuai dengan keadaan sampai tanggal
laporan ini. Peristiwa (termasuk
perubahan terhadap salah satu data dan
informasi yang digunakan PT Runge
Indonesia dalam menyusun laporan ini)
yang mungkin terjadi setelah tanggal
tersebut yang memberikan pengaruh atau
dampak terhadap kesimpulan dan
pendapat tersebut serta menyebabkannya
menjadi tidak dapat diandalkan lagi. PT
Runge Indonesia tidak memiliki kewajiban
apapun untuk memperbaharui (no duty to
update) laporan ini setelah terjadinya
peristiwa tersebut, meskipun PT Runge
Indonesia berhak untuk melakukan hal
demikian.

5.
Faktor Pertambangan yang Tidak
5. Mining Unknown Factors Diketahui
Kemampuan seseorang untuk mencapai
The ability of any person to achieve forward- tingkat produksi masa depan atau target
looking production and economic targets is ekonomi tergantung pada berbagai macam

480
dependent on numerous factors that are
beyond PT Runge Indonesia’s control and
that PT Runge Indonesia cannot anticipate.
These factors include, but are not limited to,
site-specific mining and geological
conditions, management and personnel
capabilities, availability of funding to properly
operate and capitalize the operation,
variations in cost elements and market
conditions, developing and operating the
mine in an efficient manner, unforeseen
changes in legislation and new industry
developments. Any of these factors may
substantially alter the performance of any
mining operation.
481
faktor yang berada di luar kendali PT Runge
Indonesia dan bahwa PT Runge Indonesia
tidak dapat mengantisipasi atau
memperkirakan faktor tersebut. Faktor
tersebut mencakup, namun tidak terbatas
pada, kondisi khusus lokasi tambang kondisi
geologi, kemampuan mengelola atau
manajemen serta personil, ketersediaan
dana dalam rangka pengoperasian tambang
secara benar dan permodalan kegiatan
operasi, perubahan elemen dan kondisi
pasar, pengembangan serta pengoperasian
tambang secara efisien, perubahan-
perubahan peraturan perundangan yang
tidak dapat diramalkan dan pengembangan
industri-industri baru. Salah satu dari faktor-
faktor ini dapat secara substansial
mengubah pelaksanaan pengoperasian
tambang.
PT. Diva Kencana Borneo – 30 April 2011 JORC Resources and Reserves Statement
EXECUTIVE SUMMARY
PT Runge Indonesia (”PTRI”) was
commissioned by PT. Atlas Resources
(“Atlas”),to prepare an independent estimate
of the Open Cut In Situ and Mineable Coal of
the PT. Diva Kencana Borneo (“DKB”)
mining concession located in the West Kutai
region in the province of East Kalimantan,
Indonesia, approximately 200 km from the
regional centre of Samarinda.
This Statement has been issued under the
Minarco-MineConsult, (“MMC”), name. MMC
is an associated entity of PT Runge
Indonesia. The Statement reports the Coal
Resources and Reserves as at 30 April 2011
and has been undertaken in compliance with
the requirements of the reporting guidelines
of the 2004 Joint Ore Reserves Committee
of The Australasian Institute of Mining and
Metallurgy, Australian Institute of
Geoscientists and Minerals Council of
Australia, (“The JORC Code”).
The DKB mining concession covers an area
of 4,864 Ha and is an IUP, (No. 545/K/2009),
issued on 2 September 2009 for a period of
20 years. The IUP is in the “Operations”
stage of permitting. The Project includes
three separate blocks; Mea North, Mea
South and Sangsang. The Mea North and
Mea South deposits occur in the Oligocene-
Miocene age Pamaluan and Balikpapan
Formation and coal seams are of sub-
bituminous rank, while the Sangsang deposit
to the south is within the Oligocene-Miocene
age Pamaluan and Balikpapan Formation
and the coal is of bituminous rank with
potential coking properties.
At Mea North, a total of up to 35 coal seams
have been identified and the average
thickness ranges from 0.1 m to 1.4 m. The
coal is bituminous in rank with the following
average in Situ quality: Total Moisture (TM)
This report (file No: ADV-JA-03754_Atlas_JORC_dkb_Mar2011_Ind_ver10; Date: July 2011) has been prepared for the sole
use of PT. Atlas Resources and must be read in its entirety and subject to the third party disclaimer clauses contained in the
body of this report.
482
Page i of xxx
RINGKASAN EKSEKUTIF
PT Runge Indonesia (”PTRI”) ditunjuk oleh
PT. Atlas Resources (“Atlas”), untuk
mempersiapkan suatu estimasi atau
perhitungan secara independen (selanjutnya
disebut sebagai “Laporan”) mengenai
Resources dan Open Cut Coal Reserves
milik PT. Diva Kencana Borneo (“DKB”) yang
terletak di Kabupaten Kutai Barat Propinsi
Kalimantan Timur, Indonesia, yang berjarak
sekitar 200 km dari Samarinda.
Laporan ini diterbitkan di bawah nama
Minarco-MineConsult, (“MMC”). MMC
merupakan asosiasi dari PT Runge
Indonesia. Laporan ini menyajikan laporan
analisa mengenai Resources dan Coal
Reserves sampai tanggal 30 April 2011 and
telah sesuai dengan persyaratan yang
ditetapkan di dalam pedoman laporan
pertambangan yang diterbitkan pada tahun
2004 oleh Joint Ore Reserves Committee of
The Australasian Institute of Mining and
Metallurgy, Australian Institute of
Geoscientists and Minerals Council of
Australia, (“JORC Code”).
Luas areal konsesi tambang PT DKB adalah
4,864 Ha dengan ijin berupa IUP, (No.
545/K/2009), yang dikeluarkan pada tanggal
2 September 2009 untuk ijin selama 20
tahun. IUP yang didapat adalah berupa ijin
”operasi” produksi. Project ini
memperhitungkan tiga blok yang terpisah;
Mea North, Mea South, dan Sangsang.
Deposit Mea North dan Mea South muncul
pada Umur Oligocene-Miocene formasi
Pamaluan dan Balikpapan dan seam
batubaranya termasuk kedalam kelas sub-
bituminous, sedangkan Sangsang deposit ke
selatan adalah termasuk kedalam umur
Oligocene-Miocene dan formasi Pamaluan
dan Balikpapan dengan batubaranya
termasuk kedalam kelas bituminous dengan
sifat-sifatnya yang bisa berpotensi menjadi
coking.
Di Mea North, dengan total lapisan batubara
hingga 35 buah telah teridentifikasi dan rata-
rata ketebalan lapisan antara 0,1 hingga 1,4
m. Batubara tersebut adalah termasuk kelas
bituminous dengan rata-rata berikut pada
PT. Diva Kencana Borneo – 30 April 2011 JORC Resources and Reserves Statement
11.9% Calorific value (CV) 6,565 kcal/kg
(gross as received, gar), Ash 4.7% (air dried
basis, adb) and Total Sulphur (TS) 0.27%
(adb). Coal seams dip to the northeast at 20
degrees.
At Mea South, a total of up to 19 coal seams
have been identified and the average
thickness ranges from 0.2 m to 2.8 m. The
coal is bituminous in rank with the following
average in Situ quality: TM 10.5% CV 7,070
kcal/kg (gar), Ash 3.6% (adb) and TS 1.87%
(adb). Coal seams dip at 60-65 degrees.
At Sangsang up to 9 seams and a number of
splits and sub-splits have been identified and
the average thickness ranges from 0.3 m to
1.7 m. The coal is bituminous in rank with
the following average in Situ quality: TM
10.1% (ar), CV 7,410 kcal/kg (gar), Ash 2.7%
(adb) and TS 0.86% (adb). The coal exhibits
coking coal properties with a Crucible
Swelling Number (CSN) of up to 9 and
Maximum Fluidity (MF) based on Gieseler
Plastometer testwork of >3,200 ddm. Coal
seams dip to the northeast at 10-25 degrees.
Mining commenced in the Mea North deposit
in August 2010 and total production to the
end of April 2011 is147 thousand tonnes (kt)
at an average stripping ratio of 26.6 bank
cubic metres per tonne (bcm/t).The forecast
production for 2011 is approximately 380 kt.
The mining method can be described as
“multi seam, moderate to steep dip open cut
coal mining operation”. After an initial box
cut, waste is to be hauled back into the
mined out areas and the dump areas are
then rehabilitated. The open cut operation
uses appropriately sized hydraulic
excavators and trucks to mine the coal and
waste.
This report (file No: ADV-JA-03754_Atlas_JORC_dkb_Mar2011_Ind_ver10; Date: July 2011) has been prepared for the sole
use of PT. Atlas Resources and must be read in its entirety and subject to the third party disclaimer clauses contained in the
body of this report.
483
Page ii of xxx
kualitas in Situ : Kelembaban Total (TM)
11,9%, Nilai Kalori (CV) 6.565 kcal/kg (gross
as received, gar), Nilai Abu (Ash) 4,7% (air
dried basis, adb) dan Sulfur Total (TS)
0,27% (adb). Dip lapisan batubara ke arah
timur-utara dengan sudut 20 derajat.
Pada Mea South, dengan total lapisan
batubara hingga 19 buah telah teridentifikasi
dan rata-rata ketebalan lapisan antara 0,2
hingga 2,8 m. Batubara tersebut adalah
termasuk kelas bituminous dengan rata-rata
berikut pada kualitas in Situ : Kelembaban
Total (TM) 10,5%, Nilai Kalori (CV) 7.070
kcal/kg (gar), Nilai Abu (Ash) 3,6% (adb) dan
Sulfur Total (TS) 1,87% (adb). Dip lapisan
batubara memiliki sudut antara 60-65
derajat.
Pada Sangsang, terdapat hingga 9 lapisan
batubara dan juga sejumlah split dan sub-
split telah teridentifikasi dan rata-rata
ketebalan lapisan antara 0,3 hingga 1,7 m.
Batubara tersebut adalah termasuk kelas
bituminous dengan rata-rata berikut pada
kualitas in Situ : Kelembaban Total (TM)
10,1%, Nilai Kalori (CV) 7.410 kcal/kg (gar),
Nilai Abu (Ash) 2,7% (adb) dan Sulfur Total
(TS) 0,86% (adb). Batubara tersebut
memperlihatkan sifat-sifat coking coal
dengan Crucible Swelling Number (CSN)
hingga 9 dan Maximum Fluidity (MF)
berdasarkan kepada Gieseler Plastometer
testwork > 3.200 ddm. Dip/kemiringan
lapisan batubara tersebut ke arah timur-utara
sekitar 10-25 derajat.
Kegiatan penambangan di Mea North
dimulai pada bulan Agustus 2010 dengan
total produksi sampai akhir April 2011 sekitar
147ribu ton (kt) dengan rata-rata rasio
penambangan26,6bank cubic meter per ton
(bcm/t). Perkiraan produksi untuk tahun
2011 sekitar 380 kt. Metode tambang dapat
digambarkan sebagai “kegiatan operasi
penambangan dengan banyak lapisan,
kemiringan sedang hingga besar, sistem
tambang terbuka. Setelah dilakukan
pemotongan awal, waste kemudian diangkut
ke dalam area yang sudah ditambang dan
kemudian area pembuangan direhabilitasi.
Kegiatan operasi tambang terbuka ini
menggunakan hydraulic excavator dan truk
dengan ukuran tepat untuk melakukan
PT. Diva Kencana Borneo – 30 April 2011 JORC Resources and Reserves Statement
Facilities constructed include offices and a
camp with associated road access, power
and water supply. The run of mine (ROM)
stockpile and 200 tonnes per hour (tph)
capacity crusher is located at the mine site.
Product coal is thenhauled in 30 t haul
trucksapproximately 25 km to the barge
loading port on the Mahakam River. The
product stockpile capacity is 500 kt and the
barge loading rate is 500 tph. The jetty is
capable of handling 8,000 tonne (t) barges.
Coal is barged approximately 195 nautical
miles to an offshore transshipment point at
Muara Jawa and loaded onto vessels using
floating cranes.
The deposit has been subject to
predominantly close-spaced shallow open
hole drilling with a significant number of
cored holes for obtaining coal samples for
analysis. Geophysical logging was carries
on for all drillholes. The database is
considered of a suitable standard for future
JORC Code compliant estimation of Coal
Resources. On this basis JORC terminology
in defining the level of confidence (i.e.
Measured, Indicated and Inferred) has been
applied. At this time In Situ Coal has been
estimated from the geological model
prepared by DKB geologists based on
drillhole data to the end of May 2011.
The Coal Resources are estimated to total
16.1million tonnes (Mt), of which 2.2 Mt are
classed as Measured, 3.1 Mt as Indicated
with the balance of 10.8 Mt as Inferred. The
Coal Resources by blockis summarised on
Table ES-1 below.
This report (file No: ADV-JA-03754_Atlas_JORC_dkb_Mar2011_Ind_ver10; Date: July 2011) has been prepared for the sole
use of PT. Atlas Resources and must be read in its entirety and subject to the third party disclaimer clauses contained in the
body of this report.
484
Page iii of xxx
penambangan batubara danwaste.
Sarana dan prasarana yang dibangun
diantaranya adalah gedung perkantoran dan
sebuah camp dilengkapi dengan akses yang
diperlukan, tenaga listrik serta fasilitas
sumber air bersih. Lokasi ROM stockpile
tambang dan crusher dengan kapasitas 200
ton per jam terletak di lokasi tambang.Batu
bara diangkut oleh truk dengan ukuran 30 t
sepanjang 25 km ke pelabuhan muat
tongkang di Sungai Mahakam. Kapasitas
stockpile hasil penggilingan adalah sebesar
500 kt dan kecepatan pemuatan tongkang
adalah 500 tph. Dermaga mampu
menampung kapal tongkang berukuran
8.000t. Batubara diangkut dengan tongkang
sejauh 195 mil laut ke offshore
transshipment point di Muara Jawa dan
dimuat ke vessel dengan menggunakan
floating cranes.
Terhadap endapan batubara tersebut telah
dilakukan pengeboran open hole dengan
sejumlah besar cored holeuntuk mendapat
contoh batubara buat analisa. Geophysical
Logging dilaksanakan diseluruh lubang bor.
Database dibuat sesuai dengan standard
yang tepat berdasarkan perhitungan JORC
Code untuk Coal Resources. Pada basis ini
JORC mendefinisikan tingkat kepercayaan
(contoh Measured, Indicated dan Inferred)
yang sudah diterapkan. Pada saat ini
Batubara In Situ telah diperkirakan dari
model geologi yang dibuat oleh geologist
DKB berdasarkan data lubang bor akhir Mei
2011.
Coal Resources diperkirakan seluruhnya
mencapai 16,1 Mt, yang 2,2 Mt diantaranya
merupakan Measured, 3,1 Mt diantaranya
merupakan Indicated dan sisanya sebanyak
10,8 Mt diantaranya merupakan Inferred.
Jumlah Coal Resources berdasarkan blok
dirangkum dalam Tabel ES-1 dibawah ini.
PT. Diva Kencana Borneo – 30 April 2011 JORC Resources and Reserves Statement
Table ES-1-1 Summary of Coal Resources - Ringkasan Coal Resources
Block
Measured
Mea North
Mea South
Sangsang
Total
Open Cut Coal Reserves were estimated by
applying modifying factors and exclusion
criteria to the Coal Resources. These
modifying factors (such as recovery and
dilution) were defined from the current open
cut mining method. The exclusion criteria
included the lease boundary and a minimum
working section thickness. DKB prepared a
mine plan and provided economic modifying
factors, being operating costs and projected
coal prices which were reviewed and
considered to be reasonable. A Breakeven
Stripping Ratio, (BESR), was estimated for
each pit shell and the DKB pit shells were
examined and validated by comparing the
estimated BESR to the Incremental Stripping
Ratio, (ISR), for the final highwall the pit.
Where necessary pit shells were modified to
ensure that the BESR did not exceed the
ISR. Coal quantities within these pit shells
which totaled 11.5 Mt, were then evaluated
so that only Measured and Indicated Coal
Resources were classified as Reserves.
Based on this approach, Coal Reserves
were estimated to total 2.6 Mt, of which 1.7
Mt are Proven and 0.9 Mt are Probable.
The estimated average coal product quality
for Mea North is as follows: TM 11.9%, CV
6,360 kcal/kg (gar), Ash 6.4% (as received,
ar) and sulphur 0.30% (ar) and for Sangsang
as follows: TM (ar) 10.6% (ar), CV 7,110
kcal/kg (gar), Ash 4.4% (ar) and sulphur
0.82% (ar), Crucible Swelling No (CSN) of up
to 9 and Gieseler Plastometer Maximum
Fluidity (MF) of >3,200 ddm. The Open Cut
Coal Reserves were classified based on the
level of detail completed in the mine planning
and also the level of confidence in the Coal
Resources. Coal Resources are reported
inclusive of Open Cut Coal Reserves (that is,
Open Cut Coal Reserves are not additional
This report (file No: ADV-JA-03754_Atlas_JORC_dkb_Mar2011_Ind_ver10; Date: July 2011) has been prepared for the sole
use of PT. Atlas Resources and must be read in its entirety and subject to the third party disclaimer clauses contained in the
Page iv of xxx
Coal Resources (Mt)
Indicated Inferred Total
1.2 2.3 10.4 13.9
0 0.5 0.0 0.5
1.0 0.3 0.4 1.7
2.2 3.1 10.8 16.1
Coal Reserves diperkirakan dengan
menerapkan faktor dan kriteria pengurangan
terhadap Coal Resources yang ada. Faktor-
faktor perngubah ini (seperti recovery dan
dilusi) ditentukan dari metode penambangan
yang digunakan pada saat ini. Kriteria
pengurangan adalah meliputi batas areal
konsesi dan minimum lebar area kerja. DKB
telah mempersiapkan rencana
penambangan dan juga telah
mempersiapkan faktor-faktor pengubah
ekononomis, seperti ongkos operasi dan
proyeksi harga batubara yang telah direview
dan cukup wajar untuk digunakan.
Breakeven Stripping Ratio (BESR) dihitung
untuk setiap pit shell dan pit shell DKB dicek
dan divalidasi dengan membandingkan
perkiraan BESR terhadap Incremental
Stripping Ratio (ISR) untuk dinding akhir pit.
Apabila diperlukan, pit shells dimodifikasi
untuk memastikan bahwa BESR tidak lebih
besar daripada ISR. Jumlah batubara di
dalam pit shells yang berjumlah 11,5 Mt ini
kemudian dievaluasi sedemikian sehingga
hanya Measured Coal dan Indicated Coal
yang digolongkan sebagai Reserves.
Berdasarkan pendekatan ini, Coal Reserves
seluruhnya diperkirakan berjumlah 2,6 Mt,
yang 1,7 Mt diantaranya merupakan Proven
dan 0,9 Mt sisanya merupakan Probable.
Kualitas rata-rata batubara untuk Mea North
diperkirakan adalah TM 11,9 % (ar), CV
6,360 kcal/kg (gar), Ash 6,4 % (ar) dan TS
0,30 % (ar) dan untuk Sangsang : TM 10,6
% (ar), CV 7,110 kcal/kg (gar), Ash 4,4 %
(ar) dan TS 0,82 % (ar), Crucible Swelling
No (CSN) hingga 9 dan MF > 3.200 ddm .
Open Cut Coal Reserves ini diklasifikasikan
berdasarkan level detil yang dilengkapi di
dalam perencanaan tambang dan juga
tingkat keyakinan atas Coal Resources.
Coal Resources dilaporkan termasuk ke
dalam Open Cut Coal Reserves (yakni,
Open Cut Coal Reserves bukan merupakan
body of this report.
485
PT. Diva Kencana Borneo – 30 April 2011 JORC Resources and Reserves Statement Page v of xxx

to Coal Resources). The Coal Reserves by tambahan terhadap Coal Resources). Coal
concession are summarised on Table ES-2 Reserves berdasarkan konsesi dirangkum
below. dalam Tabel ES-2 berikut.

Table ES-1-2 Summary of Reserves - Ringkasan tentang Reserves –DKB

Coal Reserves (Mt)

Block
Proved Probable Total
Mea North 1.1 0.9 2
Sangsang 0.6 0 0.6
TOTAL 1.7 0.9 2.6

The Coal Reserves are sensitive to the Coal Reserves cukup sensitif terhadap
marketing modifying factors. Sensitivity factor-faktor pemasaran. Kajian sesitivitas
studies show that a relatively small variation memperlihatkan bahwa perubahan kecil dari
in coal price has an impact on the Coal harga batubara akan berdampak terhadap
Reserves. A market study has been carried Coal Reserves. Studi pasar telah
out by Wood Mackenzie Coal Consulting dilaksanakan oleh Wood Mackenzie Coal
(WM) and the draft report issued in May Consulting (WM) dan draf laporan yang
2011 has been provided by Atlas. The report diterbitkan pada bulan Mei 2011 telah dibuat
suggests growth demand for Indonesian dan disajikan oleh Atlas. Laporan ini
coals into the India and China markets in menjelaskan tentang pertumbuhan
particular with coal prices progressively permintaan batubara Indonesia yang terjadi
increasing in the foreseeable future. In di pasar India maupun China khususnya
considering the marketing modifying factors berkenaan dengan harga batubara yang
a long term view of the benchmark coal price akan terus meningkat di masa depan.
and the appropriate discount factors over Dengan memperhatikan faktor faktor
and above a pro-rata adjustment of the pemasaran tersebut sebuah perkiraan
benchmark price for coal quality was applied. jangka panjang tentang harga patokan
batubara dan suku bunga diatas pro-rata
adjustment yang tepat untuk harga patokan
batubara ini telah diaplikasikan.

There are a number of technical, planning Terdapat beberapa isu teknis, perencanaan,
and statutory issues which may impact on dan isu undang-undang yang dapat
the stated Coal Reserves. These include: berdampak kepada Coal Reserves. Isu-isu
tersebut termasuk:

x land and tenure compensation and x ganti rugi tanah dan hak kepemilikan
finalisation of purchases, serta finalisasi jual beli lahan,
x further geotechnical studies, x studi atau penelitian geoteknik
lanjutan,
x ongoing exploration drilling, including x pengeboran eksplorasi yang sedang
coring to provide additional coal dilaksanakan, termasuk kegiatan
quality data, pengeboran inti untuk memberikan
data tambahan mengenai kualitas
batubara,
x updates to the geological model, x pembaharuan serta penyempurnaan
model geologi,
x perencanaan tambang detil yang terus
This report (file No: ADV-JA-03754_Atlas_JORC_dkb_Mar2011_Ind_ver10; Date: July 2011) has been prepared for the sole
use of PT. Atlas Resources and must be read in its entirety and subject to the third party disclaimer clauses contained in the
body of this report.

486
PT. Diva Kencana Borneo – 30 April 2011 JORC Resources and Reserves Statement Page vi of xxx

dilakukan,
x ongoing detailed mine planning,
x perubahan dari Undang-Undang
x changes in statutory requirements
x kualitas batu bara serta hasil
x coal quality and material karakteristik material dari uji coba
characteristics results of actual large pengapalan berskala besar, namun
scale trial shipments, yet to be belum dilaksanakan, studi pemasaran
undertaken, more detailed marketing yang lebih rinci, termasuk penetapan
studies, including long term coal harga batu bara jangka panjang akibat
pricing due to the very sensitive nilai ekonomi Coal Reserves yang
nature of the economics of the coal memiliki sifat-sifat sensitif terhadap
deposit to coal price, and harga batubara, dan
x Pengkajian ulang mengenai biaya
x review of operating cost and revenue operasi serta asumsikeuntungan.
assumptions.
Isu-isu ini dapat menyebabkan pit shell,
These issues may cause the pit shell, mining kuantitas penambangan dan Coal Resources
quantities and Coal Resource and Reserve serta Kategorisasi Coal Reserves akan
categorisation to change in future JORC berubah di dalam Laporan JORC di masa
statements. depan.

Perkiraan Coal Resource di dalam laporan

The Coal Resource estimates in the report ini dihitung oleh Bapak William Park, BSc
were estimated by Mr. William Park, BSc (Geologi), BEcon, MAIG yang merupakan
(Geology), BEcon, MAIG who is a Member of anggota the Australian Institute of
the Australian Institute of Geoscientists. The Geoscientists. Estimasi atau perhitungan-
estimates are based on information compiled perhitungan ini didasarkan pada informasi
and reviewed by Mr Park. He is a full time yang dikumpulkan serta diteliti oleh Bapak
employee of PT Runge Indonesia and has Park.Beliau adalah karyawan tetap PT
sufficient experience which is relevant to the Runge Indonesia dan memiliki pengalaman
style and type of deposit under consideration yang cukup mengenai jenis dan tipe
and to the activity undertaken to qualify him endapan yang diteliti serta memiliki
as a Competent Person as defined in the pengalaman dalam kegiatan yang
2004 Edition of the JORC Code. dilaksanakan sehingga dapat digolongkan
sebagai Competent Person sebagaimana
dimaksud dalam JORC Code Edisi tahun
2004.

Perhitungan Coal Reserves di dalam laporan

The Coal Reserve estimates in the report ini dihitung oleh Bapak Michael Trainor BE
were estimated by Mr Michael Trainor BE (Mining), MAusIMM, Anggota the
(Mining), MAusIMM, a Member of the Australasian Institute of Mining dan
Australasian Institute of Mining and Metallurgy. Estimasi atau perhitungan ini
Metallurgy. The estimates are based on didasarkan pada informasi yang
information compiled and reviewed by Mr dikumpulkan serta diteliti oleh BapakTrainor.
Trainor. He is a full time employee of PT Beliau adalah karyawan tetap PT Runge
Runge Indonesia and has sufficient Indonesia dan memiliki pengalaman yang
experience which is relevant to the style and cukup mengenai jenis dan tipe endapan
type of deposit under consideration and to yang diteliti serta memiliki pengalaman
the activity undertaken to qualify him as a dalam kegiatan yang dilaksanakan sehingga
Competent Person as defined in the 2004 dapat digolongkan sebagai Competent
Person sebagaimana dimaksud dalam
JORC Code Edisi tahun 2004 atau the 2004
Edition of the JORC Code.
This report (file No: ADV-JA-03754_Atlas_JORC_dkb_Mar2011_Ind_ver10; Date: July 2011) has been prepared for the sole
use of PT. Atlas Resources and must be read in its entirety and subject to the third party disclaimer clauses contained in the
body of this report.

487
PT. Diva Kencana Borneo – 30 April 2011 JORC Resources and Reserves Statement Page vii of xxx

Edition of the JORC Code.

Laporan ini hanya dapat disajikan secara
keseluruhan. Para pihak yang bermaksud
untuk menerbitkan atau melakukan
This report may only be presented in its pengeditan bagian tertentu dari laporan ini,
entirety. Parties wishing to publish or edit atau bermaksud ingin menggunakan
selected parts of the text, or use the Laporan ini untuk disebarluaskan ke publik,
Statement for public reporting, must obtain harus memperoleh persetujuan tertulis
prior written approval from PTRI and the sebelumnya dari PTRI dan para
signatories of this report. penandatangan di dalam laporan ini.

This report (file No: ADV-JA-03754_Atlas_JORC_dkb_Mar2011_Ind_ver10; Date: July 2011) has been prepared for the sole
use of PT. Atlas Resources and must be read in its entirety and subject to the third party disclaimer clauses contained in the
body of this report.

488
 116°0'0"E 117°0'0"E 118°0'0"E 119°0'0"E Kalimantan

Long Lurah Long Isau Malim

Pujungan KAB. BULUNGAN Tanahkuning
Brak
Kanan Puak Long Metep Long Lunuk
Long Jelai
Long Agung PT Berau Bara Energi
Gulf of
Long Kluh Siau
Muaramalinau
Carpentaria
INDONESIA
Pagatpura Teluk Bayur Batubatu
Muara Segah
Nahakerama Tanjungredeb
Muara Seloi
Rantaupanjang
KAB. MALINAU Long Palai Segita
Dubung KAB. BERAU

2°0'0"N
2°0'0"N
Long Boi
Long Keluh
Muarapaha

Muaralasan
Muaratabil Talisayan
Long Lebusan Muarapatar BRUNEI DARUSSALAM
Muarapun Semuntai Bandar Seri Begawan
Muaramayung

Mahak Baru Muarakarangan

Batuputih Pangabakan
Rantaubahan Biduk-biduk
Long Jenew Labuan Kelambu
Pelawan Besar MALAYSIA
Pengandan Borneo
Sungaibulogh Tanjungredeb
Muara Wahau Rapak Tanjung Sumbang
Tedoan
Muaramaau Airtawar
KAB. KUTAI TIMUR Susuk

1°0'0"N
1°0'0"N

Pontianak
Muara Marah Kariorang Parepattunggal Kalimantan Samarinda
Tepianlangsat Lubuktutung
Semberang
Batu Ampar
Long Nah Balikpapan
Sepasu Palangkaraya
Tabang Bewiti
Gemar Baru
Sangatta
Muara Ancalung Muara Bengkal
Muara Ritan Banjarmasin
Laut
Laham
Senyiur
Muara Ratah Long Beleh
Data Bilang Menamang Kanan Sangkimah

Kembang Janggut Sedulang Bontang

Sideman KAB. BONTANG
KAB. KUTAI BARAT Lamin Pulut LEGEND
Kahala
Longiram
Town

0°0'0"
0°0'0"

Long Daliq KAB. KUTAI KARTANEGARA PT Diva Kencana Borneo

Bangun Sari Santan
Muara Kaman Road
Muhuran
Barong Tongkok Melak Sembara
Kota Bangun River
Bunyut
Muara Badak
Panyinggahan Ambalut Concession Area
Selerong
Muara Muntai Jongkang KAB. SAMARINDA
Lambing Tanjung Isuy Loakulu Kilometers Political Boundary
Damai Samarinda
Sungai Mariam
Jonggon 0 25 50
Muara Kedang Sanga Sanga

PT Atlas Resources
116°0'0"E 117°0'0"E 118°0'0"E 119°0'0"E
JORC RESOURCES AND RESERVES STATEMENT 2011

GENERAL LOCATION PLAN - DKB

Date: Jul 2011 Job No: ADV-JA-03754 Figure: 1

 380000 385000 390000 395000

9965000

9965000
Jetty Ulak
9960000

9960000
Jetty Manau
9955000

9955000
9950000

9950000
Mess DKB
Magazine

stockpile

Mea North Pit

9945000

9945000
Mea South Pit

MS08BS1

Sangsang Pit
9940000

9940000
9935000

9935000

380000 385000 390000 395000

Kilometers LEGEND
0 1 2 4

Runge Indonesia Pit

Road PT Atlas Resources

JORC RESOURCES AND RESERVES STATEMENT 2011
Concession Area
DKB SITE LAYOUT

Date: May 2011 Job No: ADV-JA-03754 Figure: 2

INTERBURDEN STRATIGRAPHY
SEAM NAME/
THICKNESS THICKNESS

IB = 10.1m M125 - 0.3m

M124 - 0.5m
IB = 6.5m M123 - 0.4m
IB = 8.1m M122 - 0.7m

IB = 21.9m
M121 - 0.6m
IB = 16.2m
M120 - 1.4m
IB = 9.9m
M119 - 0.4m
IB = 6.5m M118 - 0.3m
IB = 3.1m
M117 - 0.4m

IB = 61m

M112 - 0.4m
IB = 13.7m
M111 - 0.3m
IB = 10.8m
M110 - 1.3m
IB = 8.5m M109 - 0.4m
IB = 16.4m
M108 - 0.4m
IB = 9m M107 - 0.3m
IB = 4.8m M106 - 0.3m

IB = 41m

M104 - 0.4m
IB = 22.9m

M103 - 1.1m

IB = 34.2m

M102U - 1.2m
IB = 1m M102L - 0.9m
IB = 4.3m
M101 - 0.6m
IB = 24.6m
M100 - 0.3m
IB = 8m
M99 - 0.5m
IB = 18.4m
M98 - 0.9m
IB = 12.4m
M97 - 0.7m
IB = 6.6m M96 - 0.7m
IB = 14.1m
M95 - 0.9m

IB = 35m

M90 - 0.9m

IB = 25m
M85 - 1.3m

IB = 35m

M80 - 0.7m
IB = 11.1m M79 - 0.4m
IB = 0.4m M78 - 0.7m
IB = 0.9m M77 - 0.4m
IB = 0.2m M76 - 0.3m
M75 - 0.4m
IB = 0.6m
IB = 19m M70 - 1.3m

PT Atlas Resources
JORC RESOURCES AND RESERVES STATEMENT 2011

TYPICAL STRATIGRAPHY
MEA NORTH - DKB
Date: Jul 2011 Job No: ADV-JA-03754 Figure: 3
INTERBURDEN STRATIGRAPHY
SEAM NAME/
THICKNESS THICKNESS

IB = 3.4m M60U - 0.7m

M60L - 1.2m
IB = 21m
M50U - 0.8m

IB = 21.6m
M50L - 1.9m
IB = 20.6m
M40U - 1.8m

IB = 65m

IB = 0.3m M30U - 0.5m

M30L - 2.8m
IB = 19m
M28 - 0.5m
IB = 12.6m
M27 - 0.7m
IB = 1m M26 - 0.7m

IB = 66.2m

M25 - 1m
IB = 7m
M23 - 0.6m
IB = 7m M17 - 0.5m

IB = 169.3m

IB = 1m M15U - 0.3m
M15L - 0.7m

IB = 105m

M10 - 0.6m
IB = 6m M05 - 0.4m

PT Atlas Resources
JORC RESOURCES AND RESERVES STATEMENT 2011

TYPICAL STRATIGRAPHY
MEA SOUTH - DKB
Date: Jul 2011 Job No: ADV-JA-03754 Figure: 5
INTERBURDEN STRATIGRAPHY
SEAM NAME/
THICKNESS THICKNESS

S10 - 0.3m

IB = 12.8m

S9 - 0.6m

IB = ??

S8 - 0.4m

IB = ??

S7 - 0.5m

IB = ??

S6 - 0.4m

IB = 7.9m

S5 - 0.3m

IB = 8.7m

S4 - 0.4m

IB = 17.5m

S3 - 1.4m

IB = 6.5m

S2 - 0.6m

PT Atlas Resources
JORC RESOURCES AND RESERVES STATEMENT 2011

TYPICAL STRATIGRAPHY
SANGSANG - DKB
Date: Jul 2011 Job No: ADV-JA-03754 Figure: 5
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 380000 382000 384000

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9942000

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9940000

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Concession Area

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9935000

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Inferred Resource Limits

380000 385000 Mine Out

380000 382000 384000

Kilometers
PT Atlas Resources
0 0.25 0.5 1 JORC RESOURCES AND RESERVES STATEMENT 2011

COAL RESOURCE LIMITS

SEAM M120 - MEA NORTH - DKB
Date: Jul 2011 Job No: ADV-JA-03754 Figure: 9
 380000 382000 384000

9946000

9946000
9944000

9944000
380000 385000
9945000

9945000
9942000

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9940000

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Concession Area

Measured Resource Limits

9935000

9935000

Indicated Resource Limits

Inferred Resource Limits

380000 385000 Mine Out

380000 382000 384000

Kilometers
PT Atlas Resources
0 0.25 0.5 1 JORC RESOURCES AND RESERVES STATEMENT 2011

COAL RESOURCE LIMITS

SEAM M30L - MEA SOUTH - DKB
Date: Jul 2011 Job No: ADV-JA-03754 Figure: 10
 380000 382000 384000

380000 385000

9945000

9945000
9940000

9940000
9946000

9946000
9935000

9935000
380000 385000
9944000

9944000
9942000

9942000

LEGEND

Drillholes

Concession Area

Measured Resource Limits

Indicated Resource Limits

Inferred Resource Limits

Mine Out

380000 382000 384000

Kilometers
PT Atlas Resources
0 0.25 0.5 1 JORC RESOURCES AND RESERVES STATEMENT 2011

COAL RESOURCE LIMITS

SEAM S3 - SANGSANG - DKB
Date: Jul 2011 Job No: ADV-JA-03754 Figure: 11
 380000 382000 384000

9946000

9946000
9944000

9944000
380000 385000
9945000

9945000
9942000

9942000
9940000

9940000

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9935000

9935000

Practical Pit

Concession Area
380000 385000

380000 382000 384000

Kilometers
PT Atlas Resources
0 0.25 0.5 1 JORC RESOURCES AND RESERVES STATEMENT 2011

PIT SHELLS - MEA NORTH - DKB

Date: Jul 2011 Job No: ADV-JA-03754 Figure: 12

 380000 382000 384000

9946000

9946000
9944000

9944000
380000 385000
9945000

9945000
9942000

9942000
9940000

9940000

LEGEND
9935000

9935000

Practical Pit

Concession Area
380000 385000

380000 382000 384000

Kilometers
PT Atlas Resources
0 0.25 0.5 1 JORC RESOURCES AND RESERVES STATEMENT 2011

PIT SHELLS - MEA SOUTH - DKB

Date: Jul 2011 Job No: ADV-JA-03754 Figure: 13

 380000 382000 384000

380000 385000

9945000

9945000
9940000

9940000
9946000

9946000
9935000

9935000
380000 385000
9944000

9944000
9942000

9942000

LEGEND

Practical Pit

Concession Area

380000 382000 384000

Kilometers
PT Atlas Resources
0 0.25 0.5 1 JORC RESOURCES AND RESERVES STATEMENT 2011

PIT SHELLS - SANGSANG - DKB

Date: Jul 2011 Job No: ADV-JA-03754 Figure: 14

 380000 382000 384000

9946000

9946000
9944000

9944000
380000 385000
9945000

9945000
9942000

9942000
9940000

9940000

LEGEND

Practical Pit
9935000

9935000

Concession Area

Proved Reserves

Probable Reserves
380000 385000

380000 382000 384000

Kilometers
PT Atlas Resources
0 0.25 0.5 1 JORC RESOURCES AND RESERVES STATEMENT 2011

COAL RESERVE LIMITS

SEAM M120 - MEA NORTH - DKB
Date: Jul 2011 Job No: ADV-JA-03754 Figure: 15
 380000 382000 384000

380000 385000

9945000

9945000
9940000

9940000
9946000

9946000
9935000

9935000
380000 385000
9944000

9944000
9942000

9942000

LEGEND

Practical Pit

Concession Area

Proved Reserves

Probable Reserves

380000 382000 384000

Kilometers
PT Atlas Resources
0 0.25 0.5 1 JORC RESOURCES AND RESERVES STATEMENT 2011

COAL RESERVE LIMITS

SEAM S3 - SANGSANG - DKB
Date: Jul 2011 Job No: ADV-JA-03754 Figure: 16
PT. Diva Kencana Borneo – 30 April 2011 JORC Resources and Reserves Statement Page xxvii of xxx

Table of Contents
Page No.
EXECUTIVE SUMMARY/ RINGKASAN EKSEKUTIF................................................ I
1. INTRODUCTION/ PENGANTAR......................................................................... 1
1.1 INTRODUCTION/ PENGANTAR ............................................................................ 1
1.2 APPROACH/ PENDEKATAN ................................................................................ 3
1.3 RELEVANT REPORT AND STUDIES/ LAPORAN DAN STUDI-STUDI YANG RELEVAN ....... 5
1.4 PREVIOUS COAL RESOURCE AND RESERVE STATEMENTS/ LAPORAN RESOURCES
DAN COAL RESERVES SEBELUMNYA .............................................................................. 6
1.5 PURPOSE OF THIS REPORT/ TUJUAN PENULISAN LAPORAN INI ............................... 6
1.6 REPORTING ENTITY/ ENTITAS PELAPORAN .......................................................... 7
1.7 LANGUAGE PRECEDENCE/ KEUTAMAAN BAHASA .................................................. 7
2. COMPETENT PERSONS STATEMENT............................................................. 8
3. PROJECT DESCRIPTION/ DESKRIPSI PROYEK ........................................... 10
3.1 LOCATION/ LOKASI ......................................................................................... 10
3.2 COAL TENEMENTS, MINING APPROVALS AND LAND TENURE STATUS/ KUASA
PENAMBANGAN, PERSETUJUAN TAMBANG DAN STATUS KEPEMILIKAN LAHAN ..................... 10
3.3 MINING OPERATIONS/ KEGIATAN OPERASI TAMBANG .......................................... 10
3.4 INFRASTRUCTURE OF COAL HANDLING FACILITIES/ SARANA DAN PRASARANA
PENGIRIMAN BATUBARA ............................................................................................. 11
4. GEOLOGY, COAL QUALITY AND IN SITU COAL RESOURCE ESTIMATE/
GEOLOGI, KUALITAS BATUBARA DAN PERKIRAAN IN SITU COAL
RESOURCES .......................................................................................................... 12
4.1 GEOLOGY OVERVIEW / PENJELASAN GEOLOGI.................................................... 12
4.2 COAL QUALITY/ KUALITAS BATUBARA ................................................................ 20
4.3 GEOLOGICAL DATABASE AND MODELLING/ DATABASE DAN PEMODELAN GEOLOGI . 23
4.4 DATA VALIDATION/ VALIDASI DATA ................................................................... 27
4.5 GEOLOGICAL CONFIDENCE AND RESOURCE CLASSIFICATION/ KEYAKINAN GEOLOGI
DAN KLASIFIKASI RESOURCES .................................................................................. 28
4.6 COAL RESOURCES......................................................................................... 35
4.7 PREVIOUS COAL RESOURCE/ COAL RESOURCES SEBELUMNYA ........................... 38
5. COAL RESERVE ESTIMATE ........................................................................... 39
5.1 COAL RESOURCE ESTIMATE/ PERKIRAAN COAL RESOURCE................................. 39
5.2 STUDY STATUS/ STATUS PENELITIAN ................................................................ 39
5.3 CUT-OFF PARAMETERS AND PIT LIMITS/ PARAMETER CUT-OFF DAN BATAS PIT ..... 40
5.4 MINING FACTORS/ FAKTOR-FAKTOR PENAMBANGAN ........................................... 41
5.5 METALLURGICAL FACTOR/ FAKTOR METALURGI ................................................. 42
5.6 COST AND REVENUE FACTORS/ FAKTOR BIAYA DAN PENDAPATAN ....................... 42
5.7 MARKETING AND PRODUCT SPECIFICATIONS/ SPESIFIKASI PEMASARAN DAN PRODUK
............................................................................................................................. 43
5.8 OTHER RELEVANT FACTORS/ FAKTOR-FAKTOR LAIN YANG TERKAIT ...................... 43
5.9 COAL RESERVE CLASSIFICATION/ KLASIFIKASI COAL RESERVES .......................... 44
5.10 AUDITS AND REVIEWS/ AUDIT DAN PEMERIKSAAN ............................................ 45
5.11 DISCUSSION OF RELATIVE ACCURACY AND CONFIDENCE/ DISKUSI TENTANG
AKURASI DAN KEPERCAYAAN RELATIF.......................................................................... 48
5.12 RESULTS/ HASIL ......................................................................................... 48
5.13 PREVIOUS RESERVE ESTIMATES/ PERKIRAAN RESERVES SEBELUMNYA ............. 49
This report (file No: ADV-JA-03754_Atlas_JORC_dkb_Mar2011_Ind_ver10; Date: July 2011) has been prepared for the sole
use of PT. Atlas Resources and must be read in its entirety and subject to the third party disclaimer clauses contained in the
body of this report.

505
PT. Diva Kencana Borneo – 30 April 2011 JORC Resources and Reserves Statement Page xxviii of xxx

List of Tables
Table No. Description Page No

Table ES-1-1 Summary of Coal Resources - Ringkasan Coal Resources..........................iv

Table ES-1-2 Summary of Reserves - Ringkasan tentang Reserves –DKB ....................... v
Table 4-1 Mea North Seam Nomenclature – Penamaan Lapisan Mea North ............... 12
Table 4-2 Mea North Seam Thickness– Ketebalan Lapisan Mea North......................... 14
Table 4-3 Mea North Interburden Thickness – Ketebalan Interburden Mea North .......... 15
Table 4-4 Mea South Seam Nomenclature – Penamaan Lapisan Mea South ................ 17
Table 4-5 Mea South Seam Thickness – Ketebalan Lapisan Mea South ....................... 18
Table 4-6 Mea South Interburden Thickness – Ketebalan Interburden Mea South ......... 18
Table 4-7 Sangsang Seam Nomenclature – Penamaan Seam Sangsang...................... 19
Table 4-8 Sangsang Seam Thickness – Ketebalan Lapisan Sangsang.......................... 20
Table 4-9 Sangsang Interburden Thickness – Ketebalan Interburden Sangsang ........... 20
Table 4-10 Mea North Average Coal Qualities by Seam – Kualitas Rata-Rata Batubara
berdasarkan Lapisan Mea North ......................................................................................... 21
Table 4-11 Mea South Average Coal Qualities by Seam – Kualitas Rata-Rata Batubara
Berdasarkan Lapisan Mea South ........................................................................................ 22
Table 4-12 Sangsang Average Coal Qualities by Seam – Kualitas Rata-Rata Batubara
Berdasarkan Lapisan Sangsang ......................................................................................... 22
Table 4-13 Laboratory Standards – Standar Laboratorium DKB...................................... 23
Table 4-14 Drilling Statistics – Statistik Pengeboran DKB................................................ 24
Table 4-15 Geological Model Parameters – Parameter Model Geologi DKB.................... 26
Table 4-16 Geological Model Parameters – Parameter Model Geologi Mea South.......... 26
Table 4-17 Geological Model Parameters – Parameter Model Geologi Sangsang ........... 26
Table 4-18 Points of Observation - Titik Pengamatan ..................................................... 30
Table 4-19 In Situ Coal Categorisation Parameters – Parameter Pengkategorian Batubara
In Situ - DKB ...................................................................................................................... 31
Table 4-20 JORC Code Compliance Checklist Summary – Coal ResourcesRangkuman
Daftar PeriksaKepatuhan terhadap JORC Code – Coal Resources .................................... 33
Table 4-21 Coal Resources – DKB .................................................................................. 36
Table 4-22 Coal Resources by Seam – Coal Resources Berdasarkan Lapisan Mea North .
................................................................................................................... 37
Table 4-23 Coal Resources by Seam – Coal Resources Berdasarkan Lapisan Mea South .
...................................................................................................................... 37
Table 4-24 Coal Resources by Seam – Coal Resources Berdasarkan Lapisan Sangsang .
................................................................................................................... 38
Table 5-1 Incremental & Break Even Stripping Ratios................................................... 40
Table 5-2 Key Parameters – Pit Design ........................................................................ 40
Table 5-3 JORC Code Compliance Checklist Summary ................................................ 46
Table 5-4 Open Cut Coal Reserves ............................................................................... 49
Table 5-5 Open Cut Coal Reserves by Seam – Open Cut Coal Reserves Berdasarkan
Lapisan ...................................................................................................................... 49

This report (file No: ADV-JA-03754_Atlas_JORC_dkb_Mar2011_Ind_ver10; Date: July 2011) has been prepared for the sole
use of PT. Atlas Resources and must be read in its entirety and subject to the third party disclaimer clauses contained in the
body of this report.

506
PT. Diva Kencana Borneo – 30 April 2011 JORC Resources and Reserves Statement Page xxix of xxx

List of Figures/ Daftar Gambar

Figure No./ No. Gambar Description/ Penjelasan

Figure 1 General Location/ Lokasi Umum

Figure 2 Site Layout Mea North Mea, South, Sangsang / Denah Tambang Mea North
Mea, South, Sangsang
Figure 3 General Stratigraphy Mea North/ Stratigrafi Umum Mea North
Figure 4 General Stratigraphy Mea South/ Stratigrafi Umum Mea South
Figure 5 General Stratigraphy Sangsang/ Stratigrafi Umum Sangsang
Figure 6 Typical Cross Sections Mea North/ Tipikal Penampang melintang Mea North
Figure 7 Typical Cross Sections Mea South/ Tipikal Penampang melintang Mea South
Figure 8 Typical Cross Sections Sangsang/ Tipikal Penampang melintang Sangsang
Figure 9 Resource Boundaries Mea North/ Batas-batas Resources Mea North
Figure 10 Resource Boundaries Mea South/ Batas-batas Resources Mea South
Figure 11 Resource Boundaries Sangsang/ Batas-batas Resources Sangsang
Figure 12 Pit Shells Mea North/ Pit Shell Mea North
Figure 13 Pit Shells Mea South/ Pit Shell Mea South
Figure 14 Pit Shells Sangsang/ Pit Shell Mea South
Figure 15 Coal Reserve Limits Mea North/ Batas-batas Coal Reserve Mea North
Figure 16 Coal Reserve Limits Sangsang/ Batas-batas Coal Reserve Sangsang

This report (file No: ADV-JA-03754_Atlas_JORC_dkb_Mar2011_Ind_ver10; Date: July 2011) has been prepared for the sole
use of PT. Atlas Resources and must be read in its entirety and subject to the third party disclaimer clauses contained in the
body of this report.

507
PT. Diva Kencana Borneo – 30 April 2011 JORC Resources and Reserves Statement Page xxx of xxx

Appendices/ Lampiran-Lampiran
Appendix No./ Description
Lampiran No. Penjelasan
Appendix A Model Database Files/ File Model Database
Appendix B Geology Plans/ Rencana Geologi
Appendix C Coal Resource Limits/ Batasan Coal Resource
Appendix D Coal Reserve Limits/ Batas-Batas Coal Reserve

This report (file No: ADV-JA-03754_Atlas_JORC_dkb_Mar2011_Ind_ver10; Date: July 2011) has been prepared for the sole
use of PT. Atlas Resources and must be read in its entirety and subject to the third party disclaimer clauses contained in the
body of this report.

508
PT. Diva Kencana Borneo – 30 April 2011 JORC Resources and Reserves Statement Page1 of 49

1. INTRODUCTION 1. PENGANTAR

1.1 Introduction 1.1 Pengantar

PT Runge Indonesia, (”PTRI”), was
commissioned by PT. Atlas Resources,
(“Atlas”),to prepare an independent estimate,
(hereafter, referred to as the “Statement”), of
the Open Cut Coal Resources and Reserves
of PT. DivaKencana Borneo,(“DKB”), in East
Kalimantan, Indonesia. This Statement has
been issued under the Minarco-MineConsult,
(“MMC”), name. The Statement reports the
Coal Resources and Reserves as at 31May
2011 and has been undertaken in
compliance with the requirements of the
reporting guidelines of the 2004 Joint Ore
Reserves Committee of The Australasian
Institute of Mining and Metallurgy,
Australasian Institute of Geoscientists and
Minerals Council of Australia (“The JORC
Code”).
PT Runge Indonesia (”PTRI”) ditunjuk oleh
PT. Atlas Resources (“Atlas”) untuk
menyusun suatu perhitungan secara
independen (selanjutnya disebut sebagai
“Laporan”) mengenai Coal Resources dan
Coal Reserves Tambang Terbuka milik PT.
Diva Kencana Borneo (“DKB”) terletak di
Propinsi Kalimantan Timur, Indonesia.
Laporan ini diterbitkan di bawah nama
Minarco-MineConsult, (“MMC”). MMC
merupakan asosiasi dari PT Runge
Indonesia. Laporan ini menyajikan laporan
analisa mengenai Coal Resources dan Coal
Reserves sampai tanggal 31Mei 2011 dan
telah sesuai dengan persyaratan yang
ditetapkan di dalam pedoman laporan
pertambangan yang diterbitkan pada tahun
2004 oleh Komite Gabungan Reserves Bijih
Institut Pertambangan dan Metalurgi
Australasia, Dewan Perhimpunan Ahli
Geologi dan Mineral Australia, (“JORC
Code”).

The following terms for the reporting of Coal Istilah-istilah berikut ini digunakan dalam
Resources and Reserves have been pelaporan Resources dan Coal Reserves:
adopted:

x Coal Resources as used in this x Coal Resources di dalam laporan ini

report are the same as “Mineral memiliki makna yang sama dengan
Resource” in The JORC Code and istilah “Resources Mineral”
“Geological Resources”, a common sebagaimana dimaksud di dalam
term used in the industry. JORC Code dan istilah “Resources
Geologi”, seperti yang umum
digunakan di dalam industri
pertambangan.
x Coal Resources have been x Coal Resources telah dibagi menjadi
subdivided into Measured, Indicated Measured, Indicated dan Inferred
and Inferred Resources to reflect untuk mencerminkan tingkat
the confidence in the underlying keyakinan terhadap data Resources
resource data. yang dimaksud.
x Coal Reserves as used in this report x Coal Reserves di dalam laporan ini
are the same as “Ore Reserves” in memiliki makna yang sama dengan
The JORC Code and “Mining istilah “Reserves Bijih” sebagaimana
Reserves”, a common term used in dimaksud di dalam JORC Code dan
the industry. Coal Reserves include istilah “Reserves Tambang”, seperti
geological and mining losses, roof yang umum digunakan di dalam
and floor loss and dilution. industri pertambangan. Coal
Reserves termasuk seluruh kerugian-
This report (file No: ADV-JA-03754_Atlas_JORC_dkb_Mar2011_Ind_ver10; Date: July 2011) has been prepared for the sole
use of PT. Atlas Resources and must be read in its entirety and subject to the third party disclaimer clauses contained in the
body of this report.

509
PT. Diva Kencana Borneo – 30 April 2011 JORC Resources and Reserves Statement Page 2 of 49

kerugian geologi dan tambang,

kerugian berupa bagian teratas dan
terbawah lapisan batubara yang
mengalamikehilangan serta dilusi.
x Coal Reserves have been x Coal Reserves telah dibagi menjadi
subdivided into Proved and Terbukti dan Terkira untuk
Probable to reflect the confidence in mencerminkan tingkat keyakinan
the underlying resource data and terhadap data Resources yang
mine planning detail. dimaksud dan detil perencanaan
tambang.
x Marketable Reserves allow for x Reserves yang Dapat Dipasarkan
practical yields in a beneficiation yang memungkinkan dihasilkan
plant, which is commonly known in produk atau hasil yang dapat
the industry as “product coal”. memberikan manfaat atau
keuntungan dan dapat diterima atau
diolah pada suatu pusat pengolahan,
yang dalam industri pertambangan
umumnya dikenal sebagai “produk
batubara”.
x Coal Resources are reported x Coal Resources dilaporkan
inclusive of Coal Reserves, (that is, termasuk dengan Coal Reserves,
Coal Reserves are not additional to (yakni Coal Reserves bukan
Coal Resources). merupakan tambahan terhadap Coal
Resources).

Additional terminology applied within this Istilah lain yang berlaku di dalam laporan ini
report includes the following: termasuk di antaranya adalah:

x Geological Model (or “In Situ” x Model Geologi (atau Model “In
Model)is the computerised three Situ”) merupakan penyajian
dimensional representation of the terkomputerisasi tiga dimensi yang
coal deposit based on topographic menggambarkan endapan batubara
survey data, coal seam data derived berdasarkan data survey topografis,
from outcrop, drillhole or other data lapisan batubara, data yang
points, including coal thickness and dihasilkan dari singkapan, lubang bor
quality. atau titik-titik data lainnya, termasuk
ketebalan batubara dan kualitas.

x Optimised Pit Shell is the three x Pit Shell Teroptimasi adalah batas
dimensional economic pit limit pit secara ekonomic dan tiga dimensi
determined by applying economic cut yang ditentukan dengan berdasarkan
off limits based on the cost and cut off limit ekonomis yang
revenue parameters provided by didapatkan dari parameter biaya dan
DKB, keuntungan yang disediakan oleh
DKB.

x Mineable Pit Shell is the optimised x Pit Shell yang Dapat Ditambang
pit shell after modification to conform merupakan pit shell teroptimasi yang
to a practical pit design. dimodifikasi sesuai dengan desain pit
praktikal.

x Mineable In Situ Coal (non-JORC x Batubara In Situ yang dapat

Ditambang (bukan istilah JORC)
This report (file No: ADV-JA-03754_Atlas_JORC_dkb_Mar2011_Ind_ver10; Date: July 2011) has been prepared for the sole
use of PT. Atlas Resources and must be read in its entirety and subject to the third party disclaimer clauses contained in the
body of this report.

510
PT. Diva Kencana Borneo – 30 April 2011 JORC Resources and Reserves Statement Page 3 of 49

terminology) as used in this report is yang digunakan di dalam laporan ini

in situ coal within the mineable pit adalah batubara in situ yang berada
shell. di dalam pit shell yang dapat
ditambang.

x Batubara Run of Mine (ROM)

x Run of Mine (ROM) Coal (non- (bukan istilah JORC) sebagaimana
JORC terminology) as used in this digunakan dalam laporan ini adalah
report is coal in the mineable pit shell batubara yang berada di dalam pit
after application of geological and shell yang dapat ditambang setelah
mining losses, roof and floor loss and dihitung seluruh kehilangan geologi
dilution. ROM may include some dan kehilangan tambang, kerugian
Inferred coal Resources.some berupa roof & floor loss serta dilusi.
Inferred coal Resources. ROM juga dapat mencakup pula coal
Inferred.

1.2 Pendekatan
1.2 Approach
Proses yang diterapkan untuk
The process adopted for completing the menyelesaikan Laporan ini dapat dijelaskan
Statement is described below. sebagai berikut.

1. Sebuah model geologi “in Situ”

1. An “in Situ” geological model was
dibuat oleh para ahli geologi DKB
created by DKB geologists using
dengan menggunakan perangkat
Mincom software. This model had
lunak Mincom. Model ini tidak
no cut off criteria applied, hence the
memiliki kriteria cut-off, oleh karena
term “in Situ” model.
itu digunakan istilah model “in Situ”.
2. Model ini dan data mentah yang
2. This model and underlying raw data
digunakan seperti borehole logs,
such as borehole logs, coal quality
laporan kualitas batubara dan
reports and geophysical logs were
geophysical logs ditinjau kembali
reviewed and audited by the PTRI
serta diperiksa oleh para ahli geologi
geologists under the supervision of
PTRI dibawah pengawasan Mr
Mr William Park, a qualified
William Park, seorang ahli geologi
geologist and the Competent
yang memenuhi persyaratan
Person for Resources as defined in
kualifikasi dan Competent Person
the 2004 Edition of the JORC Code.
berkenaan dengan Resources
sebagaimana diatur dalam JORC
Code Edisi Tahun 2004 atau the
2004 Edition of the JORC.

3. The geological model was 3. Model geologi dapat digolongkan

categorised into Measured, menjadi area dengan tingkat
Indicated and Inferred confidence keyakinan Measured, Indicated dan
areas. Coal volumes, tonnages and Inferred. Volume, tonase dan
qualities were estimated and kualitas batubara diperkirakan serta
reported in these categories after dihitung dan dilaporkan di dalam
applying any cut-off criteria. kategori-kategori ini setelah
menerapkan kriteria yang jelas.
4. Cross sections, plans and deposit 4. Penampang vertikal, rencana
characteristics such as structure, penambangan serta karakteristik
number and thickness of seams endapan seperti struktur, jumlah dan
This report (file No: ADV-JA-03754_Atlas_JORC_dkb_Mar2011_Ind_ver10; Date: July 2011) has been prepared for the sole
use of PT. Atlas Resources and must be read in its entirety and subject to the third party disclaimer clauses contained in the
body of this report.

511
PT. Diva Kencana Borneo – 30 April 2011 JORC Resources and Reserves Statement Page 4 of 49

were examined in conjunction with ketebalan lapisan batubara diteliti

the proposed equipment and mining bersamaan dengan peralatan dan
method to decide on minimum metode penambangan yang
mining thickness, coal losses and diusulkan untuk menetapkan
dilution factors. These factors were ketebalan minimum penambangan,
then used to convert the in situ faktor-faktor kehilangan batubara
geological models to ROM models. serta faktor dilusi. Faktor-faktor ini
kemudian digunakan untuk merubah
model geologi in situ menjadi model
ROM.
5. Faktor-faktor biaya dan laba
5. Costs and revenue factors were diberikan oleh DKB dan kemudian
supplied by DKB, then reviewed ditinjau ulang serta diperiksa
plus checked for reasonableness by berkenaan dengan kewajaran atau
PTRI. Where necessary these kelayakannya oleh PTRI.Apabila
economic factors were modified perlu, faktor-faktor ekonomi ini
until considered as being dimodifikasi hingga dinyatakan
reasonable. The Break Even mencapai angka yang wajar. Nilai
Stripping Ratios, (BESR), were then rasio pengupasan/penambangan titik
estimated. impas (BESR) selanjutnya dapat
diperhitungkan.
6. Model ROM dioptimasi
6. The Rom Models were optimised in menggunakan Minex untuk
Minex to obtain a series of pits for mendapatkan beberapa seri pit
various price and BESR scenarios. untuk simulasi harga-harga yang
A practical pit was created and berbeda dan skenario-skenario
conceptual schedule developed to BESR. Kemudian pit praktikal dibuat
confirm the mining practicality. dan penjadualan secara konseptual
dibentuk untuk mengkonfirmasi
apakah penambangan dapat secara
praktis dilakukan atau tidak.
7. ISR dari desain pit selanjutnya
7. The ISRs of the pit designs that dibandingkan dengan nilai perkiraan
were then compared to the BESR. Pit shell selanjutnya
estimated BESRs. Pit shells were dimodifikasi seperlunya untuk
modified as necessary to ensure memastikan bahwa ISR tidak
that the ISR did not exceed the melampaui BESR.
BESR.
8. Aplikasi parameter penambangan,
8. The application of the mining faktor-faktor modifikasi dan kajian
parameters, modifying factors and ulang rencana tambang serta pit
reviews of the mine plan plus pit shells dilaksanakan oleh para ahli
shells were carried out by PTRI teknik pertambangan PTRI di bawah
mining engineers under the pengawasan Bpk. Michael Trainor,
supervision of Mr Michael Trainor, a seorang ahli teknik pertambangan
qualified mining engineer and the yang memenuhi persyaratan
Competent Person for Reserves as kualifikasi dan Competent Person
defined in the Code. berkenaan dengan Reserves
sebagaimana dimaksud di dalam
Peraturan.
9. Batas-batas keyakinan Measured
9. The Measured and Indicated (Measured) dan Indicated (Indicated)
confidence limits were overlaid on ditetapkan terhadap pit shells
This report (file No: ADV-JA-03754_Atlas_JORC_dkb_Mar2011_Ind_ver10; Date: July 2011) has been prepared for the sole
use of PT. Atlas Resources and must be read in its entirety and subject to the third party disclaimer clauses contained in the
body of this report.

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PT. Diva Kencana Borneo – 30 April 2011 JORC Resources and Reserves Statement Page 5 of 49

these pit shells and any Inferred tersebut dan jumlah tonase Inferred
tonnes were excluded from the tidak dimasukkan kedalam
estimate. perhitungan estimasi.
10. Coal Reserves yang dihitung dalam
10. The Coal Reserves estimated in the pit shells terpilih, digolongkan
selected pit shells were categorised menjadi Proved dan Probable
as Proved and Probable based on berdasarkan tingkat keyakinan Coal
the Coal Resource confidence and Resources dan tingkat detil di dalam
the level of detail in the modifying faktor-faktor modifikasi.
factors.
11. Pengecekan juga dilaksanakan dan
11. Checks were undertaken and hasil-hasilnya serta informasi
results and supporting information pendukung yang terdokumentasi
documented in this report. disajikan dalam laporan ini.

JORC Code berkenaan dengan “kerangka

The JORC Code “framework for classifying
tonnage and grade estimates to reflect
different levels of geological confidence and
different degrees of technical and economic
evaluation” applied in the estimation of the
Coal Resources and Reserves is as shown
below.
kerja untuk mengklasifikasikan perhitungan
tonase serta perkiraan kadar yang
mencerminkan level keyakinan geologi dan
derajat evaluasi teknis dan ekonomi yang
berbeda” yang diterapkan dalam perhitungan
estimasi Resources dan Coal Reserves
ditunjukkan di bawah ini.

(Source : JORC Code)

1.3 Relevant Report and Studies 1.3 Laporan dan Studi-Studi yang
Relevan

The following reports, documents and Laporan, dokumen dan studi berikut ini
studies were used as reference material in digunakan sebagai materi rujukan dalam
the preparation of the Statement. penyusunan Laporan ini.

1. Preston, KB and Sanders, RH, 1. Preston, KB and Sanders, RH,

“Estimating the In-Situ Relative “Estimating the In-Situ Relative
Density of Coal”, Australian Coal Density of Coal”, Australian Coal

This report (file No: ADV-JA-03754_Atlas_JORC_dkb_Mar2011_Ind_ver10; Date: July 2011) has been prepared for the sole
use of PT. Atlas Resources and must be read in its entirety and subject to the third party disclaimer clauses contained in the
body of this report.

513
PT. Diva Kencana Borneo – 30 April 2011 JORC Resources and Reserves Statement Page 6 of 49

Geology, Vol 9, pp22-26, May 1993. Geology, Vol 9, pp22-26, May 1993.
2. Australian Guidelines for Estimating 2. Pedoman Perhitungan Estimasi
and Reporting of Inventory Coal, Coal serta Pelaporan Inventarisasi
Resources and Coal Reserves, 2003. Batubara, Coal Resources dan Coal
Reserves Asutralia, 2003.
3. Australasian Code for Reporting of 3. Peraturan mengenai Pelaporan
Mineral Resources and Ore Resources Mineral dan Reserves
Reserves, (The JORC Code), 2004. Bijih Australia atau the Australasian
Code for Reporting of Mineral
Resources and Ore Reserves,
(JORC Code), 2004.
4. “Coal Marketing Report (Draft)”, 4. “Coal Marketing Report (Draft)”,
Wood Mackenzie Coal Consulting, Wood Mackenzie Coal Consulting,
May 2011. May 2011.

5. “PT Diva Kencana Borneo, Technical 5. “PT Diva Kencana Borneo, Technical
Review as at 30 April 2011”, PTRI Review as at 30 April 2011”, PTRI
Job No ADV-JA-03754_DKB_2011 Job No ADV-JA-03754_DKB_2011

1.4 Previous Coal Resource and 1.4 Laporan Resources dan Coal
Reserve Statements Reserves Sebelumnya

To the knowledge of PTRI no previous JORC Sepanjang pengetahuan PTRI, tidak

Code compliant Coal Resource and Reserve terdapat laporan Resources dan Coal
statement has been prepared for the Project. Reserves yang memenuhi ketentuan JORC
Code yang pernah dibuat sebelumnya untuk
kegiatan Proyek ini.

1.5 Purpose of this Report 1.5 Tujuan Penulisan Laporan Ini

This report on the Coal Resources and
Reserves of PT. Diva Kencana Borneo, in
the East Kalimantan, Indonesia, was
prepared for the parent entity, PT Atlas
Resources.
Laporan mengenai Resources dan Coal
Reserves PT. Diva Kencana Borneo ini,
terletak di Kalimantan Timur, Indonesia,
disusun untuk perusahaan induk yakni, PT
Atlas Resources.

The Coal Resources are estimated as of 31 Coal Resources berdasarkan perhitungan

May 2011 and are based on a computer estimasi sampai dengan tanggal 31Mei 2011
database and Mincom “Minescape” serta berdasarkan database computer dan
geological model (dated June 2011) model geologi dengan software Mincom
compiled by DKB geologists. “Minescape” (tertanggal Juni 2011) yang
disusun oleh para ahli geologi DKB.

This report provides an objective Laporan ini menyajikan suatu laporan

assessment of open cut coal Resources and pengkajian yang obyektif mengenai
Reserves that are compliant with the Resources dan Open Cut Coal Reserves
Australasian Code for Reporting of Mineral yang memenuhi ketentuan Peraturan
Resources and Ore Reserves, December mengenai Pelaporan Resources Mineral dan
2004, (The JORC Code), which is the Reserves Bijih Australia, Desember 2004,
minimum standard required of a “Competent (atau JORC Code), yang merupakan
Person” for the reporting of Mineral batasan minimal yang disyaratkan bagi
Resources in a public document. This “Competent Person” berkenaan dengan
document also conforms to the Australian pelaporan Resources Mineral dalam suatu
dokumen publik. Dokumen ini juga
This report (file No: ADV-JA-03754_Atlas_JORC_dkb_Mar2011_Ind_ver10; Date: July 2011) has been prepared for the sole
use of PT. Atlas Resources and must be read in its entirety and subject to the third party disclaimer clauses contained in the
body of this report.

514
PT. Diva Kencana Borneo – 30 April 2011 JORC Resources and Reserves Statement Page 7 of 49

Guidelines for Estimating and Reporting of memenuhi ketentuan Pedoman Perhitungan

Inventory Coal, Coal Resources and Coal Estimasi serta Pelaporan Inventarisasi
Reserves (2003). Batubara Coal Resources dan Coal
Reserves Asutralia (2003).

Tujuan laporan ini adalah untuk

The purpose of the report is to provide Atlas
with the supporting documentation for their
application for pre-filing approval for a listing
on the Jakarta Stock Exchange, (“IDX”). The
use of this report for any other purposes or
the distribution of this report to third parties,
apart from those receiving it as part of the
application to the IDX, is prohibited.
menyediakan Atlas serangkaian dokumen
pendukung dalam pengajuan permohonan
untuk persetujuan awal untuk pencatatan di
Bursa Efek Indonesia, (“BEI”). Penggunaan
laporan ini untuk tujuan lain atau
penyebarluasan laporan ini kepada pihak
ketiga, selain untuk tujuan permohonan
pencatatan pada BEI, dilarang.

1.6 Entitas Pelaporan

1.6 Reporting Entity
Atlas menunjuk PTRI, untuk menyusun
Atlas commissioned PTRI, to prepare a Laporan Resources dan Coal Reserves yang
JORC Code compliant Coal Resources and memenuhi ketentuan JORC Code di dalam
Reserves Statement for the DKB wilayah tambang milik DKB. Laporan ini
concession. This Statement has been diterbitkan di bawah nama MMC. MMC
issued under the MMC name. MMC is an merupakan salah satu badan asosiasi PTRI.
associated entity of PTRI.
1.7 Keutamaan Bahasa
1.7 Language Precedence
Laporan ini ditulis dalam Bahasa Inggris dan
This document is presented in English and Bahasa Indonesia. Penggunaan dan
Bahasa Indonesian. English words and penataan kata-kata dalam bahasa Inggris
wording have precedence, in the event of a memiliki keutamaan yang lebih tinggi, pada
conflict of meaning or matter of interpretation saat terjadinya konflik dalam arti atau
between the English and the Bahasa kesulitan dalam menginterpretasikan dari
Indonesia translation. Bahasa Inggris ke Bahasa Indonesia

This report (file No: ADV-JA-03754_Atlas_JORC_dkb_Mar2011_Ind_ver10; Date: July 2011) has been prepared for the sole
use of PT. Atlas Resources and must be read in its entirety and subject to the third party disclaimer clauses contained in the
body of this report.

515
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517
PT. Diva Kencana Borneo – 30 April 2011 JORC Resources and Reserves Statement Page 10 of 49

3. PROJECT DESCRIPTION 3. DESKRIPSI PROYEK

3.1 Location 3.1 Lokasi

DKB is located in the West Kutai region in
the province of East Kalimantan, Indonesia,
approximately 200 km from the regional
centre of Samarinda. The terrain is relatively
flat to undulating and lightly wooded with
sparse settlement. There are several nearby
villages. (Figure 1).
DKB terletak di Kabupaten Kutai Barat
Propinsi Kalimantan Timur, Indonesia, yang
berjarak sekitar 200 km dari kota Samarinda.
Dataran tersebut relatif memiliki kondisi yang
rata hingga bergelombang dan memiliki
vegetasi tidak padat dengan sejumlah
pemukiman yang masih jarang. Terdapat
beberapa desa atau perkampungan di
sekitar lokasi. (Gambar 1).

3.2 Coal Tenements, Mining Approvals 3.2 Kuasa Penambangan, Persetujuan

and Land Tenure Status Tambang dan Status Kepemilikan Lahan

The DKB mining concession covers an area
of 4,864 Ha and is an IUP (No. 545/K/2009)
issued on 2 September 2009 for a period of
20 years. The IUP is in the “Operations”
stage of permitting. The lease area and site
layout is shown on Figure 2.
Kuasa penambangan DKB meliputi wilayah
seluas 4.864 Ha dan saat ini adalah berupa
Ijin Usaha Pertambangan atau IUP (No.
545/K/2009) yang diterbitkan pada tanggal
2September 2009 selama jangka waktu 20
tahun. IUP saat ini dalam tahap ijin
“Pengoperasian”. Area Konsesi dan denah
tambang diperlihatkan pada Gambar 2.

An independent review of site access issues Suatu kajian ulang yang independen
was not conducted, however DKB advised mengenai akses ke lokasi tidak dilakukan
that there are no current significant land namun demikian DKB menyatakan bahwa
access issues, related to land compensation, saat ini tidak terdapat permasalahan yang
production forest or protection forest limits, signifikan mengenai akses lahan tersebut,
which could impact on the Reserves. An terkait dengan ganti rugi lahan, hutan
independent review of projects permits was produksi atau batas-batas hutan lindung,
also not carried out; however DKB advised yang memiliki dampak terhadap Reserves.
that it has in place all the necessary Suatu kajian ulang yang independen
regulatory permits for its operation. mengenai ijin-ijin proyek juga belum
dilakukan, namun demikian DKB
menyatakan bahwa ijin-ijin yang
dipersyaratkan untuk melakukan kegiatan
operasi telah diperoleh untuk kegiatan
operasinya.

3.3 Mining Operations 3.3 Kegiatan Operasi Tambang

Kegiatan pertambangan di Mea North mulai

Mining commenced in the Mea North deposit dilaksanakan pada bulan Agustus 2010
in August 2010 and total production to the dengan total produksi sampai akhir April
end of April 2011 is 143 thousand tonnes (kt) 2011 mencapai sekitar 143 ribu ton(kt)
at an average stripping ratio of 26.6 bank dengan rata-rata stripping ratio sebesar 26,6
cubic metres per tonne (bcm/t). The forecast bank cubic metres per ton (bcm/t). Perkiraan
production for 2011 is approximately 380 kt. produksi untuk tahun 2011 adalah sekitar
A number of seams are mined and coal is 380kt. Beberapa Lapisan yang telah
blended to produce a single product. Pre- ditambang dan batubara dicampur agar
stripping at Sangsang has commenced and dapat menghasilkan produk tunggal. Pra-
initial coal production has been stockpiled at Pengupasan di Sangsang telah dimulai dan
This report (file No: ADV-JA-03754_Atlas_JORC_dkb_Mar2011_Ind_ver10; Date: July 2011) has been prepared for the sole
use of PT. Atlas Resources and must be read in its entirety and subject to the third party disclaimer clauses contained in the
body of this report.

518
PT. Diva Kencana Borneo – 30 April 2011 JORC Resources and Reserves Statement
the ROM stockpile pending trial shipment.
The mining method can be described as
“multi seam, moderate to steep dip, open cut
coal mining in a haulback operation”. After
the initial box cut waste is hauled to ex-pit
dumps, waste will be hauled back into the
mined out area, when pit room is available
and the dump area will then be rehabilitated.
The proposed open cut operation uses
appropriate size hydraulic excavators and
trucks to mine the coal and waste. Currently
the run-of-mine (ROM) coal is not washed
but is crushed to produce a thermal export
coal).
3.4 Infrastructure of Coal
Facilities
Facilities constructed include offices and a
camp with associated road access, power
and water supply. The run of mine, (ROM),
stockpile is located at the mine site and has
a capacity of 80 kt. The crusher is located at
the ROM stockpile area and has a capacity
of 200 tonnes per hour (tph). Coal is hauled
in 30 t haul trucks approximately 35 km from
the pit to the barge loading port on the
Mahakam River. The product stockpile
capacity is 500 kt and the barge loading rate
is 500 tph. The jetty is capable of handling
8,000 tonnes (t) barges.
Coal is barged approximately 195 nautical
miles to an offshore transshipment point at
Muara Jawa and loaded onto vessels using
floating cranes. The site layout is shown on
Figure 2.
This report (file No: ADV-JA-03754_Atlas_JORC_dkb_Mar2011_Ind_ver10; Date: July 2011) has been prepared for the sole
use of PT. Atlas Resources and must be read in its entirety and subject to the third party disclaimer clauses contained in the
body of this report.
Page 11 of 49
produksi batubara perdana sudah mulai
disimpan di ROM stockpile menunggu untuk
percobaan pengapalan.
Metode penambangan yang digunakan
disebut sebagai “kegiatan operasi
penambangan dengan lapisan batubara
yang majemuk, dengan tingkat kemiringan
sedang menggunakan metode
penambangan tambang terbuka yang
diangkut secara haulback”. Setelah
dilakukan pemotongan blok awal, material
waste kemudian diangkut kembali ke dalam
area yang sudah selesai ditambang dan
pada saat tersedia cukup ruangan di pit
maka area pembuangan direhabilitasi.
Kegiatan operasi tambang terbuka ini
menggunakan peralatan berat hydraulic
excavator dan truk angkutyang tepat untuk
melakukan penambangan batu bara serta
mengangkutwaste. Pada saat ini, batubara
run-of-mine (ROM) tidak dibersihkan namun
dihancurkan untuk menghasilkan batubara
termal untuk diekspor.
Handling 3.4 Sarana dan Prasarana Pengiriman
Batubara
Fasilitas yang dibangun termasuk gedung
perkantoran dan sebuah akomodasi
dilengkapi dengan jalan akses yang
diperlukan, fasilitas tenaga listrik serta air
bersih. Lokasi stockpile run of mine (ROM)
tambang terletak di lokasi tambang
dengankapasitas 80 kt. Alat
penggerus(crusher) terletak di area ROM
Stockpiledengan kemampuan hingga 200
ton per jam (tph). Batubara diangkut oleh
truk dengan ukuran 30 t sepanjang sekitar
35 km dari lokasi tambang atau pit ke
pelabuhan muat ke pelabuhan muat
tongkang di Sungai Mahakam. Kapasitas
stockpile hasil tambang adalah 500 kt dan
kecepatan permuatan tongkang sebesar 500
tph. Dermaga pelabuhan diharapkan
mampu menampung kapal tongkang
berukuran 8.000 t.
Batubara diangkut dengan tongkang atau
barge sejauh sekitar 195 mil laut ke titik
transshipment lepas pantai di wilayah Muara
Jawa dan dimuat ke kapal dengan
menggunakan floating cranes. Denah
tambang dapat dilihat pada Gambar 2.
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PT. Diva Kencana Borneo – 30 April 2011 JORC Resources and Reserves Statement Page 12 of 49

4. GEOLOGY, COAL QUALITY AND 4. GEOLOGI, KUALITAS BATUBARA

IN SITU COAL RESOURCE DAN PERKIRAAN IN SITU COAL
ESTIMATE RESOURCES

4.1 Geology Overview 4.1 Penjelasan Geologi

The Project includes the sub-bituminous coal Project ini memasukkan endapan batubara
Mea North and Mea South blocks occurring sub-bituminous Mea North dan Mea South
in the Oligocene-Miocene age Pamaluan and yang terjadi pada Masa Oligocene-Miocene
Balikpapan Formation and the bituminous dengan formasi Pamaluan dan Balikapan
Sangsang block occurring in the Oligocene- dan Sangsang blok bituminous terbentuk
Miocene age Pamaluan and Balikpapan pada masa Oligocene-Miocene dengan
Formation. Exploration drilling has been Formasi Pamaluan dan
conducted across the three deposits with a Balikpapan.Pengeboran eksplorasi telah
total of 402 vertical drillholes completed to dilaksanakan pada endapan batubara
the end of May 2011. DKB geologists have dengan jumlah 402 lubang bor tegak lurus
built a Mincom geological model based on yang diselesaikan sampai akhir Mei 2011.
the drill data which is included in Appendix Para ahli geologi DKB mengembangkan
A. Drillhole locations are shown on model geologi Mincom berdasarkan data
Appendix B. pengeboran yang tercantum dalam
Lampiran A. Lokasi lubang-lubang
pengeboran ditunjukan pada Lampiran B.

Mea North Mea North

The Mea North deposit is a moderately Reserves Mea North pada umumnya berupa
dipping multiple-seam deposit. Seam dips endapan lapisan majemuk dengan
across the deposit range from 20 to 45 kemiringan sedang atau moderately dipping
degrees to the northeast. No significant multiple-seam deposit. Kemiringan lapisan
faulting has been identified. The generalised atau seam dips di seluruh wilayah Reserves
stratigraphic column showing seam berkisar antara 20 sampai 45 derajat arah
nomenclature and a number of timur laut. Tidak ditemukan adanya patahan
representative cross-sections are shown on atau faulting yang signifikan. Kolom
Figures 3,4 and 5. stratigrafi umum yang menunjukkan
penamaan seam dan jumlah cross-section
yang mewakili area penambangan dapat
dilihat pada Gambar 3, 4 dan 5.

Up to 26 coal seams in addition to seam Telah ditemukan sebanyak 26 Lapisan

splits and sub-splits have been identified batubara selain dari seam splits dan sub-
(Table 4-1). splits (Tabel 4-1).

Table 4-1 Mea North Seam Nomenclature – Penamaan Lapisan Mea North

Main Seam Split Sub-Split

M125
M124U
M124
M124L
M123
M122
M121U
M121
M121L
This report (file No: ADV-JA-03754_Atlas_JORC_dkb_Mar2011_Ind_ver10; Date: July 2011) has been prepared for the sole
use of PT. Atlas Resources and must be read in its entirety and subject to the third party disclaimer clauses contained in the
body of this report.

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PT. Diva Kencana Borneo – 30 April 2011 JORC Resources and Reserves Statement Page 13 of 49

M120
M119U
M119
M119L
M118
M117
M112U
M112
M112L
M111
M110U
M110
M110L
M109U
M109
M109L
M108
M107
M106
M104U
M104
M104L
M103
M1021
M102U
M102 M1022
M102L
M1011
M101U
M1012
M101
M1013
M101L
M1014
M100U
M100
M100L
M99U
M99
M99L
M98
M97U
M97
M97L
M96
M95U
M95
M95L
M90
M85
M80U
M80
M80L
M79
M78
M77
M76
M75
M70

This report (file No: ADV-JA-03754_Atlas_JORC_dkb_Mar2011_Ind_ver10; Date: July 2011) has been prepared for the sole
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body of this report.

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PT. Diva Kencana Borneo – 30 April 2011 JORC Resources and Reserves Statement Page 14 of 49

Mea North seams are typically very thin with Lapisan batubara Mea North secara tipikal
average seam thicknesses ranging from 0.1 sangat tipis dengan rata-rata ketebalan
m to 1.4 m. Coal seam and interburden batubara antara 0,1 m hingga 1,4 m.
thicknesses are shown in Tables 4-2 and 4-3 Ketebalan lapisan batubara dan
below. Note: thicknesses reported are interburdennya ditunjukkan di Tabel 4-2 dan
vertical (or apparent) thickness, i.e. as Tabel 4-3. Catatan : ketebalan yang
intersected in the drillholes. dilaporkan adalah ketebalan vertikal, contoh
sebagaimana terlihat pada lubang bor.

Table 4-2 Mea North Seam Thickness– Ketebalan Lapisan Mea North

No. of Data Coal Thickness (m)

Seam
Points Average Minimum Maximum
M125 1 0.3 0.3 0.3
M124U 2 0.2 0.2 0.3
M124 6 0.5 0.3 0.7
M124L 3 0.3 0.3 0.3
M123 10 0.4 0.3 0.7
M122 21 0.7 0.3 2.1
M121U 12 0.5 0.3 0.8
M121 43 0.6 0.3 1.7
M121L 12 0.3 0.1 0.5
M120 69 1.4 0.4 1.9
M119U 2 0.4 0.4 0.4
M119 48 0.4 0.3 1.0
M119L 1 0.4 0.4 0.4
M118 18 0.3 0.2 0.6
M117 3 0.4 0.3 0.4
M112U 9 0.5 0.3 0.8
M112 18 0.4 0.1 0.5
M112L 9 0.4 0.3 0.7
M111 39 0.3 0.2 0.8
M110U 1 0.5 0.5 0.5
M110 47 1.3 0.9 1.8
M110L 1 0.5 0.5 0.5
M109U 1 0.5 0.5 0.5
M109 36 0.4 0.3 0.9
M109L 1 0.1 0.1 0.1
M108 23 0.4 0.2 0.7
M107 16 0.3 0.3 0.4
M106 12 0.3 0.2 0.4
M104U 1 0.3 0.3 0.3
M104 4 0.4 0.3 0.8
M104L 1 0.3 0.3 0.3
M103 15 1.1 0.5 1.3
M1021 10 1.0 0.6 1.4
M102U 14 1.2 0.6 1.8
M1022 9 0.5 0.1 1.2
M102 0 - - -
M102L 24 0.9 0.3 1.3
M1011 2 0.1 0.1 0.1
M101U 12 0.4 0.3 0.7
M1012 2 0.3 0.3 0.3
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body of this report.

522
PT. Diva Kencana Borneo – 30 April 2011 JORC Resources and Reserves Statement Page 15 of 49

M101 5 0.6 0.5 0.7

M1013 1 0.1 0.1 0.1
M101L 13 0.6 0.5 0.9
M1014 1 0.7 0.7 0.7
M100U 1 0.4 0.4 0.4
M100 10 0.3 0.3 0.5
M100L 1 0.3 0.3 0.3
M99U 3 0.2 0.1 0.3
M99 11 0.5 0.3 0.7
M99L 3 0.6 0.5 0.6
M98 7 0.9 0.6 1.1
M97U 1 0.7 0.7 0.7
M97 12 0.7 0.4 0.9
M97L 1 0.3 0.3 0.3
M96 11 0.7 0.5 0.8
M95U 6 0.4 0.4 0.5
M95 3 0.9 0.8 1.1
M95L 6 0.2 0.1 0.4
M90 2 0.9 0.9 0.9
M85 1 1.3 1.3 1.3
M80U 1 0.5 0.5 0.5
M80 2 0.7 0.6 0.8
M80L 1 0.5 0.5 0.5
M79 3 0.4 0.3 0.5
M78 4 0.7 0.6 0.9
M77 4 0.4 0.3 0.5
M76 2 0.3 0.3 0.3
M75 3 0.4 0.3 0.5
M70 2 1.3 1.3 1.3

Table 4-3 Mea North Interburden Thickness – Ketebalan Interburden Mea North

Seam Interburden Thickness (m)

Interval Average Minimum Maximum
M125->M124 10 10 10
M124->M123 6 6 8
M123->M122 8 7 9
M122->M121 22 20 24
M121->M120 16 14 18
M120->M119 10 8 18
M119->M118 6 5 9
M118->M117 3 2 4
M117->M112 61 61 61
M112->M111 14 9 18
M111->M110 11 7 14
M110->M109 9 6 12
M109->M108 16 14 19
M108->M107 9 8 10
M107->M106 5 4 6
M106->M104 41 41 41
M104->M103 23 20 26
M103-
34 30 39
>M102U
M102L- 4 2 8
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body of this report.

523
PT. Diva Kencana Borneo – 30 April 2011 JORC Resources and Reserves Statement Page 16 of 49

>M101
M101->M100 25 25 25
M100->M99 8 0.4 12
M99->M98 18 18 18
M98->M97 12 9 16
M97->M96 7 5 8
M96->M95 14 14 15
M95->M90 35 34 35
M90->M85 25 25 25
M85->M80 35 34 35
M80->M79 11 11 11
M79->M78 0.4 0.3 1
M78->M77 1 1 1
M77->M76 0.2 0.2 0.3
M76->M75 1 1 1
M75->M70 19 19 19

Mea South Mea South

Mea South is a steep dipping multiple-seam
deposit. Seam dips across the deposit range
from 60 to 65 degrees to the northeast. No
significant faulting has been identified.
Mea South adalah sebuah endapan lapisan
majemuk. Kemiringan lapisan atau seam
dips di seluruh wilayah Reserves berkisar
antara 60 sampai 65 derajat arah timur laut.
Tidak ditemukan adanya patahan atau
faulting yang signifikan.

At Mea South up to 19 seams and a number Di Mea South telah ditemukan sebanyak 19
of splits and sub-splits have been identified lapisan batubara dan sejumlah seam splits
(Table 4-4). dan sub-splits (Tabel 4-4).

This report (file No: ADV-JA-03754_Atlas_JORC_dkb_Mar2011_Ind_ver10; Date: July 2011) has been prepared for the sole
use of PT. Atlas Resources and must be read in its entirety and subject to the third party disclaimer clauses contained in the
body of this report.

524
PT. Diva Kencana Borneo – 30 April 2011 JORC Resources and Reserves Statement Page 17 of 49

Table 4-4 Mea South Seam Nomenclature – Penamaan Lapisan Mea South

Main Seam Split Sub-Split

M60U - -
M60L1 -
M60L
M60L2 -
M50U - -
M50L1 -
M50L
M50L2 -
M40U - -
M40L1 - -
M40L2 - -
M30U - -
M30L - -
M28 - -
M27 - -
M26 - -
M25 - -
M23 - -
M17 - -
M15U - -
M15L - -
M10 - -
M05 - -

Mea South seam thickness is variable, with
average seam thicknesses ranging from 0.2
m to 2.8 m. Two main seams (Seams M40U
and M30L) >1.8 m in thickness occur. Coal
seam and interburdenthicknesses are shown
in Tables 4-5 and 4-6 below. Note:
thicknesses reported are vertical (or
apparent) thickness, i.e. as intersected in the
drillholes.
Ketebalan lapisan di Mea South cukup
bervariasi, dengan rata-rata ketebalan
batubara antara 0,2 m hingga 2,8 m.
Terdapat dua lapisan utama (Lapisan M40U
dan M30L) > 1,8 m ketebalan. Ketebalan
batubara dan interburden disajikan dalam
Tabel 4-5dan 4-6. Catatan : Ketebalan
adalah dalam kondisi vertical.

This report (file No: ADV-JA-03754_Atlas_JORC_dkb_Mar2011_Ind_ver10; Date: July 2011) has been prepared for the sole
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body of this report.

525
PT. Diva Kencana Borneo – 30 April 2011 JORC Resources and Reserves Statement Page 18 of 49

Table 4-5 Mea South Seam Thickness – Ketebalan Lapisan Mea South

No. of Data Coal Thickness (m)

Seam
Points Average Minimum Maximum
M60U 9 0.7 0.4 1.4
M60L1 2 0.7 0.4 1.1
M60L 3 1.2 1.0 1.6
M60L2 2 1.8 0.6 2.9
M50U 7 0.8 0.3 1.7
M50L1 2 0.8 0.5 1.1
M50L 5 1.9 1.1 3.3
M50L2 3 0.6 0.3 1.0
M40U 10 1.8 0.3 2.8
M40L1 1 0.6 0.6 0.6
M40L2 1 0.2 0.2 0.2
M30U 7 0.5 0.3 1.3
M30L 17 2.8 1.8 4.7
M28 1 0.5 0.5 0.5
M27 1 0.7 0.7 0.7
M26 1 0.7 0.7 0.7
M25 3 1.0 0.7 1.3
M23 2 0.6 0.4 0.8
M17 1 0.5 0.5 0.5
M15U 1 0.3 0.3 0.3
M15L 1 0.7 0.7 0.7
M10 1 0.6 0.6 0.6
M05 1 0.4 0.4 0.4

Table 4-6 Mea South Interburden Thickness – Ketebalan Interburden Mea South

Interburden Thickness (m)

Seam Interval
Average Minimum Maximum
M60U->M60L 4 3 5
M60L->M50U 21 21 21
M50U->M50L 25 22 29
M50L->M40U 21 21 21
M40U->M40L1 2 2 2
M40L1->M40L2 2 2 2
M40L2->M30U 62 61 63
M30U->M30L 1 0.3 1
M30L->M28 19 19 20
M28->M27 13 13 13
M27->M26 1 1 1
M26->M25 67 66 67
M25->M23 13 7 18
M23->M17 7 7 7
M17->M15U 171 169 172
M15U->M15L 1 1 1
M15L->M10 105 105 105
M10->M05 6 6 6

This report (file No: ADV-JA-03754_Atlas_JORC_dkb_Mar2011_Ind_ver10; Date: July 2011) has been prepared for the sole
use of PT. Atlas Resources and must be read in its entirety and subject to the third party disclaimer clauses contained in the
body of this report.

526
PT. Diva Kencana Borneo – 30 April 2011 JORC Resources and Reserves Statement Page 19 of 49

Sangsang Sangsang

Sangsang is a moderately dipping multiple- Sangsang adalah sebuah endapan lapisan

seam deposit. Seam dips across the deposit
range from 10 to 25 degrees to the
northeast. No significant faulting has been
identified.
majemuk dengan kemiringan sedang.
Kemiringan lapisan atau seam dips di
seluruh wilayah Reserves berkisar antara 10
sampai 25 derajat arah timur laut. Tidak
ditemukan adanya patahan atau faulting
yang signifikan.

At Sangsang up to 9 seams and a number of Di Sangsang telah ditemukan sebanyak 9

splits and sub-splits have been identified lapisan batubara dan sejumlah seam splits
(Table 4-7). dan sub-splits (Tabel 4-7).

Table 4-7 Sangsang Seam Nomenclature – Penamaan Seam Sangsang

Main Seam Split

S10
S9
S8
S7
S6
S5
S4
S3U
S3
S3L
S2U
S2
S2L

Sangsang seam thickness is variable, with Ketebalan lapisan di Sangsang cukup

average seam thicknesses ranging from 0.3
m to 1.7 m. A single main seam (Seams S3
and its splits) occurs. Coal seam and
interburden thicknesses are shown in Tables
4-8 and 4-9 below. Note: thicknesses
reported are vertical (or apparent) thickness,
i.e. as intersected in the drillholes.
bervariasi, dengan rata-rata ketebalan
batubara antara 0,3 m hingga 1,7 m.
Terdapat dstu lapisan utama (Lapisan S3
dan splitnya). Ketebalan batubara dan
interburden disajikan dalam Tabel 4-8 dan
4-9 Catatan : Ketebalan adalah dalam
kondisi vertical.

This report (file No: ADV-JA-03754_Atlas_JORC_dkb_Mar2011_Ind_ver10; Date: July 2011) has been prepared for the sole
use of PT. Atlas Resources and must be read in its entirety and subject to the third party disclaimer clauses contained in the
body of this report.

527
PT. Diva Kencana Borneo – 30 April 2011 JORC Resources and Reserves Statement Page 20 of 49

Table 4-8 Sangsang Seam Thickness – Ketebalan Lapisan Sangsang

Coal Thickness (m)

Seam No. of Data Points
Average Minimum Maximum
S10 1 0.3 0.3 0.3
S9 4 0.6 0.5 0.7
S8 2 0.4 0.3 0.4
S7 2 0.5 0.4 0.5
S6 13 0.4 0.3 0.6
S5 4 0.3 0.2 0.4
S4 5 0.4 0.2 0.6
S3U 16 1.7 1.4 2.5
S3 36 1.4 0.8 1.9
S3L 10 0.3 0.2 0.4
S2U 8 0.3 0.2 0.4
S2 3 0.6 0.4 0.8
S2L 8 0.3 0.2 0.4

Table 4-9 Sangsang Interburden Thickness – Ketebalan Interburden Sangsang

Seam Interburden Thickness (m)

Interval Average Minimum Maximum
S10->S9 13 13 13
S6->S5 8 7 9
S5->S4 9 2 15
S4->S3 18 8 23
S3->S2 6 6.3 7

4.2 Coal Quality 4.2 Kualitas Batubara

Mea North Mea North

Mea North coal is bituminous in rank with Batubara Mea North termasuk kedalam
average in Situ quality as follows: TM 11.9% kelas bituminous dengan rata-rata kualitas in
(ar), CV 6,565 kcal/kg (gar), Ash 4.7% (adb) Situ : TM 11,9% (ar), CV 6.565 kcal/kg (gar),
and TS 0.27(adb). Ash 4,7% (adb) dan TS 0,27(adb).

Average coal quality by seam is summarised Rata-rata kualitas batubara berdasarkan

in Table4-10. (Note: average qualities are lapisan dirangkum pada Tabel 4-10.
the weighted average of Measured and (Catatan: kualitas rata-rata merupakan hasil
Indicated category In Situ Coal) rata-rata pembobotan dari kualitas Measured
coal dan Indicated kondisi In SItu).

This report (file No: ADV-JA-03754_Atlas_JORC_dkb_Mar2011_Ind_ver10; Date: July 2011) has been prepared for the sole
use of PT. Atlas Resources and must be read in its entirety and subject to the third party disclaimer clauses contained in the
body of this report.

528
PT. Diva Kencana Borneo – 30 April 2011 JORC Resources and Reserves Statement Page 21 of 49

Table 4-10 Mea North Average Coal Qualities by Seam – Kualitas Rata-Rata
Batubara berdasarkan Lapisan Mea North

CV CV
No. of TM % IM % Ash % TS %
kcal/kg kcal/kg RD*
Seam
Data gm/cc
(ar) (adb) (adb) (adb) (adb) (gar)
Points
M123 1 12.7 10.0 8.0 0.43 6435 6245 1.33
M122 5 13.4 9.7 12.0 0.27 6040 5795 1.37
M121U 3 13.5 11.1 3.6 0.40 6560 6370 1.31
M121 10 12.8 8.8 11.6 0.27 6255 5985 1.35
M120 14 12.6 9.7 1.8 0.21 6890 6660 1.29
M119 5 11.0 7.0 7.7 0.29 6965 6670 1.30
M111 1 13.7 9.7 1.9 0.64 6940 6630 1.28
M110 11 11.1 8.4 3.5 0.25 6975 6775 1.29
M109 6 12.4 10.2 2.6 0.39 6580 6420 1.30
M108 2 12.2 9.7 9.7 0.66 6265 6095 1.36
M103 2 9.4 6.8 3.7 0.30 7205 7005 1.29
M1021 1 17.8 7.1 13.0 0.35 6345 5600 1.38
M102U 2 12.7 8.3 7.1 0.27 6675 6365 1.32
M1022 1 12.7 7.1 7.8 0.31 6775 6365 1.33
M102L 4 11.3 7.7 6.7 0.35 6810 6545 1.32
M101L 1 10.2 7.9 0.8 0.27 7260 7085 1.29
M100 1 13.0 10.7 11.9 0.54 6060 5900 1.41
M96 1 11.4 6.7 5.7 0.37 7120 6760 1.31
M95U 1 9.0 5.6 5.5 2.79 7165 6910 1.31
M95L 1 10.0 7.2 5.4 0.77 6955 6745 1.32
Weighted Average 11.9 8.9 4.7 0.27 6785 6565 1.30

Mea South Mea South

Mea South coal is bituminous in rank with Batubara Mea South termasuk kedalam
average in Situ quality as follows: TM 10.5% kelas bituminous dengan rata-rata kualitas in
(ar), CV 7,070 kcal/kg (gar), Ash 3.6% (adb) Situ : TM 10,5% (ar), CV 7.070 kcal/kg (gar),
and TS 1.87% (adb). Ash 3,6% (adb) dan TS 1,87% (adb).

Average coal quality by seam is summarised Rata-rata kualitas batubara berdasarkan

in Table 4-11. The full coal quality database
is included in Appendix B. (Note: average
qualities are the weighted average of
Measured and Indicated category In Situ
Coal).
lapisan dirangkum pada Tabel 4-11.
Database kualitas batubara yang lengkap
terdapat didalam Lampiran B. (Catatan:
kualitas rata-rata merupakan hasil rata-rata
pembobotan dari kualitas Measured coal dan
Indicated kondisi In Situ).

This report (file No: ADV-JA-03754_Atlas_JORC_dkb_Mar2011_Ind_ver10; Date: July 2011) has been prepared for the sole
use of PT. Atlas Resources and must be read in its entirety and subject to the third party disclaimer clauses contained in the
body of this report.

529
PT. Diva Kencana Borneo – 30 April 2011 JORC Resources and Reserves Statement Page 22 of 49

Table 4-11 Mea South Average Coal Qualities by Seam – Kualitas Rata-Rata
Batubara Berdasarkan Lapisan Mea South

CV CV
No. of TM % IM % Ash % TS %
kcal/kg kcal/kg RD*
Seam
Data gm/cc
(ar) (adb) (adb) (adb) (adb) (gar)
Points
M30L 9 11.1 3.2 3.9 1.96 7620 7000 1.28
M40U 3 8.2 3.1 2.6 1.51 7745 7335 1.25
Weighted Average 10.5 3.2 3.6 1.87 7645 7070 1.27

Sangsang Sangsang

Sangsang coal is bituminous in rank with
average in Situ quality as follows: TM 9.6%
(ar), CV 7,420 kcal/kg (gar), Ash 2.4% (adb)
and TS 0.78% (adb). The coal exhibits
coking coal properties with a Crucible
Swelling Number (CSN) of up to 9 and
Maximum Fluidity (MF) based on
GieselerPlastometertestwork of >3,200 ddm.
The Ash Fusion Temperature (initial
deformation under reducing conditions)
averages 1,240 degrees C.
Batubara Sangsang termasuk kedalam kelas
bituminous dengan rata-rata kualitas in Situ :
TM 9,6% (ar), CV 7.420 kcal/kg (gar), Ash
2,4% (adb) dan TS 0,78% (adb). Batubara
tersebut memperlihatkan sifat-sifat coking
coal dengan Crucible Swelling Number
(CSN) hingga 9 dan Maximum Fluidity (MF)
berdasarkan kepada Gieseler Plastometer
testwork > 3.200 ddm. Ash Fusion
Temperature (deformasi awal dalam kondisi
reduksi) rata-rata 1.240 derajat celcius.

Average coal quality by seam is summarised Rata-rata kualitas batubara berdasarkan

in Table4-12. The full coal quality database
is included in Appendix B. (Note: average
qualities are the weighted average of
Measured and Indicated category In Situ
Coal).
lapisan dirangkum pada Tabel 4-12.
Database kualitas batubara yang lengkap
terdapat didalam Lampiran B. (Catatan:
kualitas rata-rata merupakan hasil rata-rata
pembobotan dari kualitas Measured coal dan
Indicated kondisi In SItu).

Table 4-12 Sangsang Average Coal Qualities by Seam – Kualitas Rata-Rata

Batubara Berdasarkan Lapisan Sangsang

CV CV
No. of TM % IM % Ash % TS % RD CSN
kcal/kg kcal/kg
Seam
Data
(ar) (adb) (adb) (adb) (adb) (gar) (adb)
Points
S3U 4 10.2 3.8 2.8 0.99 7,940 7,415 1.26 8.6
S3 7 9.9 3.6 2.7 0.77 7,940 7,420 1.25 9.0
Weighted
10.1 3.7 2.7 0.86 7,940 7,410 1.26 8.8
Average

A number of drillholes have been cored. Sejumlah lubang bor telah diambil core-nya.
Previous exploration drilling used “touch” Pengeboran eksplorasi sebelumnya
coring while more recent core drilling has menggunakan “touch” coring, sementara
been by “twinning” existing holes. The pengeboran inti yang lebih baru telah
This report (file No: ADV-JA-03754_Atlas_JORC_dkb_Mar2011_Ind_ver10; Date: July 2011) has been prepared for the sole
use of PT. Atlas Resources and must be read in its entirety and subject to the third party disclaimer clauses contained in the
body of this report.

530
PT. Diva Kencana Borneo – 30 April 2011 JORC Resources and Reserves Statement Page 23 of 49

majority of the quality data is based on the
later method. Samples were submitted for
analytical testwork, which typically included
Total Moisture, Proximate Analysis, Total
Sulphur, Calorific Value and Relative Density
testwork. Analytical testwork was undertaken
by PT Geoservices laboratories which are
internationally accredited and the work was
done in conformance with the international
standards as shown on Table 4-13.
menggunakan “twinning” dari lubang-lubang
bor yang telah ada. Sebagian besar data
kualitas adalah berdasarkan kepada metoda
yang lebih baru ini. Contoh dikirim untuk
melakukan pengujian dan analisayang
biasanya meliputi Kandungan Air, Proximate
Analysis, Kandungan Belerang, Nilai Kalori
serta Berat Jenis. Pengujian serta
analisadilakukan oleh laboratorium PT
Geoservices yang telah mendapat akreditasi
internasional dan pekerjaan pengujian serta
analisa dilakukan sesuai dengan standard
internasional sebagaimana ditunjukkan pada
Tabel 4-13.

Table 4-13 Laboratory Standards – Standar Laboratorium DKB

Analysis International Standard

Total Moisture ISO
Proximate Analysis ISO
Ash ISO
Total Sulphur ISO
Calorific Value ISO
CSN ISO
Gieseler Plastometer ISO
Relative Density ASTM

Key observations in regard to the coal Beberapa catatan penting dalam kaitannya
qualities are as follows: dengan kualitas batubara adalah berikut ini:

x no data is available for a number of x Tidak ada data tersedia untuk

minor seams, which have been sejumlah lapisan minor, yang telah
excluded from the In Situ Coal dikeluarkan dari perhitungan In Situ
estimates (see Section 4.5); and batubara (LIhat Section 4.5); dan
x “touch” coring results in some coal x Hasil “touch” coring menyebabkan
loss at the seam roof, therefore in sedikit coal loss di lapisan atas
thinner seams there may be a degree batubara, sehingga di lapisan yang
of sample bias, which has been taken tipis akan ada sedikit penyimpangan
into account in the determination of dalam contoh, yang telah
level of confidence of the data. diperhitungkan dalam penentuan
tingkat kepercayaan data.

4.3 Geological Database and Modelling 4.3 Database dan Pemodelan Geologi

Geological Database Database geologi

Key elements of the geological database to Point penting dari database geologi hingga
May 2011 were reviewed and the following Mei 2011 telah diperiksa, dan dicatat
noted: sebagai berikut:

x a total of 366 holes including 86 x Sejumlah total 366 lubang, termasuk

86 lubang inti untuk kualitas
This report (file No: ADV-JA-03754_Atlas_JORC_dkb_Mar2011_Ind_ver10; Date: July 2011) has been prepared for the sole
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body of this report.

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PT. Diva Kencana Borneo – 30 April 2011 JORC Resources and Reserves Statement Page 24 of 49

cored holes for coal quality, batubara,

x Lubang bor pada umumnya dangkal
x drillholes are typically shallow (< 60 (kedalaman < 60 m), meskipun telah
m depth), although a significant dibor pula sejumlah lubang yang
number of deeper holes (up to 60 m lebih dalam (kedalaman hingga 60
depth) have been drilled, m),
x Terdapat logs geofisika untuk semua
x geophysical logs are available for all lubang bor, dan
drillholes, and
x Semua lokasi lubang bor telah
x all drillhole locations have been diperiksa dengan menggunakan Total
surveyed by Total Station. Station.

Statistik pengeboran dirangkum dalam Tabel

Drilling statistics are summarised on Tables 4-14 berikut ini.
4-14 below.

Table 4-14 Drilling Statistics – Statistik Pengeboran DKB

No. of Open No. of Cored

Block Total
Holes Holes
Mea North 197 58 255
Mea South 40 20 60
Sangsang 78 9 87
Total 315 87 402

The proposed initial pit areas have been
subject to detailed drilling at 50 m to 200 m
spacing while the remainder of the potential
open pit area has been largely subject to
semi-detailed drilling (approximately 250 m
to 500 m spacing). Drilling has concentrated
on the major seams with only limited drill
data for a number of minor seams and sub-
seams.
Di area pit awal yang diusulkan telah
dilakukan pengeboran pada spasi 50 m
hingga 200 m, sedangkan sisanya yang
merupakan potensial open pit area telah
dilakukan pengeboran semi-detailed(sekitar
spasi 250 m hingga 500 m). Pengeboran
telah dikonsentrasikan pada lapisan utama
dengan data yang terbatas untuk lapisan
minor dan sub-seam.

Geophysical logs run includes natural Log geofisika termasuk gamma alami, berat
gamma, in situ rock density and calliper jenis batuan In Situ dan kaliper (diameter
(borehole diameter). lubang bor).

Open hole drilling with “touch” coring is Pengeboran lubang terbuka dengan
acceptable in terms of providing reliable pengeboran inti “sentuh” dapat diterima
seam data, subject to the following: dalam hal menyediakan data lapisan yang
dapat diandalkan, dengan syarat sebagai
berikut:

x core recoveries exceed 90%; x perolehan inti melebihi 90%;

x some coal losses do occur at the x Dapat terjadi kehilangan Batubara
seam roof and this can be considered pada atap seam dan hal ini dapat
a material issue in the interpretation dianggap sebagai hal penting dalam
This report (file No: ADV-JA-03754_Atlas_JORC_dkb_Mar2011_Ind_ver10; Date: July 2011) has been prepared for the sole
use of PT. Atlas Resources and must be read in its entirety and subject to the third party disclaimer clauses contained in the
body of this report.

532
PT. Diva Kencana Borneo – 30 April 2011 JORC Resources and Reserves Statement Page 25 of 49

of thin seams (Note: this in In Situ menginterpretasikan seam yang

Coal categorisation, see Section sempit (Catatan: penjelasan lebih
3.5); and lanjut dalam kategorisasi Batubara In
Situ, lihat Bagian 3.5); dan
x there is a significant coal quality x Terdapat sejumlah signifikan
database from “touch” coring, database kualitas Batubara dari
however quality data for a number of pengeboran inti “sentuh”, tetapi
minor seams is limited. kualitas data untuk sejumlah lapisan
minor menjadi terbatas.

Survey Survei

Detailed topographic survey has been Telah dilaksanakan survei topografis yang
conducted over the study area using Total terinci di area penelitian dengan
Stationand all drillholes have been surveyed menggunakan Total Station. Semua lubang
by Total Station. Areas not covered by bor juga telah disurvei dengan menggunakan
detailed topographic survey have been Total Station. Area yang belum dibahas oleh
excluded from In Situ Coal estimates. The survei topografis tersebut tidak
detailed topographic plan is included in diikutsertakan dalam perkiraan Batubara In
Appendix B. Situ. Rencana topografi secara rinci dapat
dilihat pada Lampiran B.

Geological Modelling Pemodelan Geologi

All drillhole data to the end of May 2011,
including drill logs, coal quality and drillhole
survey data was input into an electronic
database. DKB geologists have created
separate 3-D “surface” modelsfor each block
using Mincom “Stratmodel” mining computer
software. A surface model is built up from
individual layers including topographic
surface, weathering surface, seam roofs and
floors. Mincom software is capable of
modelling seam splits and faults.
Semua data lubang bor hingga akhir May
2011, termasuk log pengeboran, kualitas
Batubara dan data survei lubang bor diinput
ke dalam suatu database elektronik. Para
ahli geologi DKB telah membuat suatu model
“permukaan” 3-D dari endapan dengan
menggunakan piranti lunak pertambangan
“Stratmodel” dari Mincom. Suatu model
permukaan terdiri dari beberapa lapisan
individual, termasuk permukaan topografi,
permukaan pelapukan, serta atap dan lantai
lapisan.Piranti lunak dari Mincom tersebut
sanggup membuat model untuk
percabangan dan patahan pada lapisan
batubara.

The current topographic data as of April Data topografis terbaru per April 2011
2011 was provided by the client and has disediakan oleh klien dan telah dipergunakan
been used to limit the geological model. sebagai pembatas pada model geologi.

Base of weathering is not recorded in the Bataspelapukan tidak tercatat pada lubang
drillholes, and has been modelled at a bor, dan dimodelkan secara konstan pada
constant 3m depth below topography. This is kedalaman 3m dibawah topografi.
the common average thickness of the Kedalaman ini merupakan ketebalan rata-
weathering zone that has been used in other rata dari zona pelapukan yang telah
modelling projects throughout East dipergunakan pada proyek-proyek modelling
Kalimantan. lain di seluruh Kalimantan Timur.

Raw quality data stored in Stratmodel has Data kualitas mentah yang disimpan di
been composited on a seam ply basis and Stratmodel telah digabungkan dengan basis
This report (file No: ADV-JA-03754_Atlas_JORC_dkb_Mar2011_Ind_ver10; Date: July 2011) has been prepared for the sole
use of PT. Atlas Resources and must be read in its entirety and subject to the third party disclaimer clauses contained in the
body of this report.

533
PT. Diva Kencana Borneo – 30 April 2011 JORC Resources and Reserves Statement Page 26 of 49

modelled. Proximate analysis, TM, TS and seam ply dan dibuat modelnya. Analisis
RD data have been modelled. Proximate, TM, TS, dan RD juga telah dibuat
modelnya.

Model parameters and data files are shown Parameter model dan file data ditunjukkan
on Table 4-15 to 4-17 below. pada Tabel 4-15 hingga 4-17 berikut ini.

Table 4-15 Geological Model Parameters – Parameter Model Geologi DKB

Software Mincom Minescape

Grid Spacing 25 m
Seam File dholes.dgn
Coal Quality File raw_qual_jun11
TM, IM, ASH, VM, FC, TS, CV (adb), CV (ar), CV (daf), RD,
Qualities Modelled
HGI
Model Name Dkb_Mea_North_Jun11

Table 4-16 Geological Model Parameters – Parameter Model Geologi Mea South

Software Mincom minescape

Grid Spacing 25 m
Seam File Dholes.dgn
Coal Quality File Raw_qual_apr11.prn
TM, IM, ASH, VM, FC, TS, CV (adb), CV (ar), RD,
Qualities Modelled
HGI
Model Name Dkb_mea_south_jun11

Table 4-17 Geological Model Parameters – Parameter Model Geologi Sangsang

Software Mincom Minescape

Grid Spacing 25 m
Seam File dholes.dgn
Coal Quality File raw_qual_jun11
Qualities Modelled TM, IM, Ash, VM, FC, TS, CV, RD, CSN, HGI
Model Name diva_may09

Coal Density Berat Jenis Batubara

The Relative Density (RD) has been Berat Jenis (RD) telah dikoreksi dari
corrected from an “as analysed” basis to an basis ”as analysed” ke basis In Situ
in Situ basis using the Preston-Sanders menggunakan persamaan Preston-
equation, as follows: Sanders, sebagai berikut :

RD is = RD ad x (100 – IM ad)/(100 + RD RD is = RD ad x (100 – IM ad)/(100 + RD

ad x (TM is – IM ad) – TM is) ad x (TM is – IM ad) – TM is)
Where… is = insitu Dimana… is = insitu
ad = air dried ad = air dried
RD = relative density RD = berat jenis
IM = inherent moisture IM = kelembaban inheren
TM = total moisture. TM = kelembaban total

This report (file No: ADV-JA-03754_Atlas_JORC_dkb_Mar2011_Ind_ver10; Date: July 2011) has been prepared for the sole
use of PT. Atlas Resources and must be read in its entirety and subject to the third party disclaimer clauses contained in the
body of this report.

534
PT. Diva Kencana Borneo – 30 April 2011 JORC Resources and Reserves Statement Page 27 of 49

4.4 Data Validation 44 Validasi Data

Extensive checking of the DKB database Pengecekan mendalam terhadap database

was undertaken in order to validate the
geological model and to determine the In
Situ Coal categories on which In Situ Coal
estimates were based, including review of
the following:
DKB telah dilakukan untuk memvalidasi
model geologi dan menentukan kategori
Batubara In Situ yang mana termasuk
kedalamnya review point-point berikut :

x a significant number of original drill x Sejumlah signifikan log bor asli dan
logs and geophysical logs in order to log geofisika untuk memvalidasi
validate the coal seam intercepts lapisan batubara yang Inferredm
recorded in the computer database, didalam database komputer
x drillhole plans for each seam, x Rencana lubang bor masing-masing
lapisan,
x output from the Mincom geological x Output dari model geologi Mincom
model was reviewed for accuracy in diperiksa kembali akurasinya terkait
relation to the available drilling data, dengan data pengeboran yang
tersedia,
x typical cross-sections across the pits, x Penampang tegak lurus di seluruh
pit, serta
x coal quality plans and tabulations, x Rencana dan perhitungan kualitas
and Batubara, dan
x actual pit survey and quality data was x Survey pit aktual dan data kualitas
reconciled against the geological telah di-reconcile terhadap model
model geologi

In summary, the database is of a suitable Singkatnya, database tersebut adalah sesuai

standard and the work has been undertaken
by competent professionals and the model
provided is of sufficient accuracy to be used
for Coal Resource estimation. There are no
fatal flaws identified, however the following
observations are made in relation to the level
of confidence of the database and model:
standar dan pekerjaan tersebut telah
dilaksanakan oleh para profesional yang
kompeten, dan model yang diberikan adalah
cukup akurat untuk dipergunakan dalam
perkiraan Coal Resources. Tidak
teridentifikasi adanya kelalaian fatal, tetapi
terdapat hasil pengamatan sebagai berikut
terkait dengan tingkat keyakinan terhadap
database dan model yang bersangkutan:

x limited deep hole drilling to determine x Pengeboran lubang dalam secara

down dip continuity, terbatas untuk menetapkan lanjutan
kemiringan lapisan di kedalaman,

x all drillholes have been geophysical x Semua lubang bor telah dicatat
logged, dalam log geofisika,

x coal quality data is limited for a x Data kualitas Batubara untuk

number of minor seams, sejumlah lapisan batubara minor
terbatas,
x thin seam interpretation is of lower x Interpretasi lapisan batubara yang
confidence than for thicker seams tipis kurang meyakinkan
due to the use of “touch” coring and dibandingkan dengan interpretasi
the absence of geophysical logging, lapisan batubara yang cukup tebal,
This report (file No: ADV-JA-03754_Atlas_JORC_dkb_Mar2011_Ind_ver10; Date: July 2011) has been prepared for the sole
use of PT. Atlas Resources and must be read in its entirety and subject to the third party disclaimer clauses contained in the
body of this report.

535
PT. Diva Kencana Borneo – 30 April 2011 JORC Resources and Reserves Statement
and
x drillhole data is limited for a number
of minor seams and sub-seams.
4.5 Geological Confidence
Resource Classification
The JORC Code provides minimum
standards for public reporting of Resources
and Reserves to the investment community.
For coal deposits, the JORC Code is
supplemented by the Australian Guidelines
for Estimating and Reporting of Inventory
Coal, Coal Resources and Coal Reserves
(referred to as “the Guidelines”).
The Code and the Guidelines provide a
methodology which reflects best industry
practice to be followed when estimating the
quality and quantity of Coal Resources and
Reserves.
A Coal Resource is defined as that portion of
a coal deposit in such form and quantity that
there are “reasonable prospects for
economic extraction”. The location, quantity,
quality, geologic characteristics and
continuity of a Coal Resource are known,
estimated or interpreted from specific
geological evidence and knowledge. Coal
Resources are sub-divided in order of
increasing confidence into Inferred, Indicated
and Measured Resources:
x Inferred - for which quantity and
quality can be estimated with a low
degree of confidence. The level of
confidence is such that mine plans
cannot be generated.
x Indicated – for which quantity and
quality can be estimated with a
reasonable degree of confidence.
The level of confidence is such that
mine plans can be generated and
likely product coal quality can be
This report (file No: ADV-JA-03754_Atlas_JORC_dkb_Mar2011_Ind_ver10; Date: July 2011) has been prepared for the sole
use of PT. Atlas Resources and must be read in its entirety and subject to the third party disclaimer clauses contained in the
body of this report.
Page 28 of 49
karena dipergunakannya pengeboran
inti ”sentuh”dan tanpa logging
geofisik, dan
x Data lubang bor untuk sejumlah
lapisan batubara dan sub-lapisan
batubara minor terbatas.
and 4.5 Keyakinan Geologi dan Klasifikasi
Resources
JORC Code memberikan standar minimum
untuk pelaporan Resources dan Reserves
kepada komunitas investasi. Untuk endapan
Batubara, JORC Code didukung oleh
Pedoman Australia untuk Memperkirakan
dan Melaporkan Inventaris Batubara, Coal
Resources, dan Coal Reserves (disebut
sebagai “Pedoman”).
Kode dan Pedoman memberikan metodologi
yang mencerminkan praktek-praktek terbaik
industri yang harus diikuti ketika
memperkirakan kualitas dan jumlah
Resources dan Coal Reserves.
Suatu “Coal Resources” didefinisikan
sebagai bagian dari bagian dari suatu
endapan Batubara dalam bentuk dan jumlah
yang sedemikian rupa, sehingga terdapat
“prospek yang masuk akal untuk ekstraksi
ekonomis”. Lokasi, jumlah, kualitas, sifat
geologi dan kontinuitas suatu Coal
Resources diketahui, diperkirakan atau
diinterpretasikan dari bukti-bukti dan
pengetahuan geologi yang spesifik. Coal
Resources dibagi lagi menjadi Inferred,
Indicated dan Measured sesuai dengan
besarnya keyakinan atas Resources
tersebut:
x Inferred – dimana jumlah dan
kualitas dapat diperkirakan dengan
tingkat keyakinan yang rendah.
Tingkat keyakinan tersebut adalah
sedemikian rupa, sehingga rencana
tambang tidak dapat dibuat.
x Tertunjuk – dimana jumlah dan
kualitas dapat diperkirakan dengan
tingkat keyakinan yang cukup masuk
akal. Tingkat keyakinan tersebut
adalah sedemikian rupa, sehingga
rencana pertambangan dapat dibuat
dan kualitas produk Batubara yang
536
PT. Diva Kencana Borneo – 30 April 2011 JORC Resources and Reserves Statement Page 29 of 49

determined; and mungkin akan dihasilkan dapat

ditentukan; dan
x Measured – dimana kualitas maupun
x Measured – for which quantity and jumlah dapat diperkirakan dengan
quality can be estimated with a high tingkat keyakinan yang tinggi.
degree of confidence. The level of Tingkat keyakinan tersebut adalah
confidence is such that detailed mine sedemikian rupa, sehingga rencana
plans can be generated, mining and tambang yang terinci dapat dibuat,
beneficiation costs, and washplant serta ongkos pertambangan dan
yields and quality specifications, can perhitungan keuntungan, hasil
be determined. fasilitas pencucian, serta spesifikasi
kualitas, dapat ditentukan.

Pilihan atas kategori Coal Resources yang

The choice of the appropriate category of sesuai tergantung pada jumlah, distribusi
Coal Resource depends upon the quantity, dan kualitas data yang tersedia serta tingkat
distribution and quality of data available and keyakinan yang terkait dengan data tersebut.
the level of confidence that attaches to those Kategori Resources yang sesuai harus
data. The appropriate Resource category ditentukan oleh Orang atau Orang-
must be determined by a Competent Person Competent Person.
or Persons.
Titik Pengamatan
Points of Observation
Coal Resources diperkirakan berdasarkan
Coal Resources are estimated based on informasi yang didapat dari Titik
information gathered from Points of Pengamatan. Titik Pengamatan termasuk
Observation. Points of Observation include paparan permukaan ataupun bawah tanah,
surface or underground exposures, bore inti bor, log geofisika, dan/atau
cores, geophysical logs, and/or drill cuttings serpihanpengeboran pada lubang bor tanpa
in non-cored boreholes. It should be noted inti. Harus dicatat bahwa Titik Pengamatan
that Points of Observation for coal quantity untuk perkiraan jumlah Batubara belum tentu
estimation need not necessarily be used for akan dipergunakan untuk perkiraan kualitas
coal quality estimation. Batubara.

Perhitungan ditentukan dengan

The estimate is determined using the area,
thickness and in situ density of the coal
seam. The basis from which the in Situ
density is derived should be clearly stated. It
is important to note that in-situ density is not
the same as the density reported by the
standard laboratory measurement.
menggunakan luas area, ketebalan, serta
berat jenis in situ dari lapisan batubara
Batubara.Dasar yang menghasilkan berat
jenis in Situ harus dinyatakan dengan jelas.
Penting untuk dicatat bahwa berat jenis in
situ tidaklah sama dengan berat jenis yang
dilaporkan dari pengukuran standar
laboratorium.

Pedoman menyarankan agar jarak antar Titik

The Guidelines suggest distances between Pengamatan yang sebaiknya dipergunakan
Points of Observation that should be used ketika memperkirakan Resources adalah
when estimating Resources: sebagai berikut:

x Measured - Titik Pengamatan

x Measured - Points of Observation berjarak tidak lebih dari 500 meter;
no more than 500 metres apart;
x Tertunjuk - Titik Pengamatan
x Indicated - Points of Observation berjarak tidak lebih dari 1.000 meter;
This report (file No: ADV-JA-03754_Atlas_JORC_dkb_Mar2011_Ind_ver10; Date: July 2011) has been prepared for the sole
use of PT. Atlas Resources and must be read in its entirety and subject to the third party disclaimer clauses contained in the
body of this report.

537
PT. Diva Kencana Borneo – 30 April 2011 JORC Resources and Reserves Statement Page 30 of 49

no more than 1,000 metres apart; dan

and
x Inferred - Titik
x Inferred - Points of Observation Pengamatan berjarak tidak lebih dari
no more than 4,000 metres apart. 4.000 meter.

The Guidelines stress that these distances
are only a broad guideline. If the coal seams
in the deposit are faulted, intruded, split,
lenticular, or have significant lateral
variations in thickness or quality, then the
distance between Points of Observation
should be decreased.
Pedoman menekankan bahwa jarak-jarak
tersebut di atas hanyalah merupakan
pedoman umum. Apabila seam Batubara
pada deposit tersebut retak, terintrusi,
bercabang, berbentuk lensa, atau memiliki
perbedaan lateral yang signifikan pada
ketebalan ataupun mutunya, maka jarak
antara Titik Pengamatan harus dikurangi.

The Points of Observation used to define Titik Pengamatan yang dipergunakan untuk
Coal Resources are those drillholes with a mendefinisikan Coal Resources adalah Titik
reliability of Type 1, 2 or 3, as shown in Pengamatan yang memiliki keandalan Tipe
Table 4-18. (Note: Open holes with 1, 2 atau 3, seperti diperlihatkan pada Tabel
geophysical log and no quality data were 4-18. (Catatan: lubang terbuka dengan log
used in In Situ Coal estimation with the level geofisika dan tanpa data kualitas
of confidence based on the quality drillhole dipergunakan dalam perkiraan Batubara In
spacing and variability). Situ dengan tingkat keyakinan yang
didasarkan pada jarak antara dan perbedaan
antara lubang bor untuk perhitungan
kualitas.)

Table 4-18 Points of Observation - Titik Pengamatan

Point of Observation
Type Value and Use of Point of Observation
Description
1 Cored and analysed intersection
of seam with geophysical log,
may or may not have lithology TYPES 1 – 2
log Required for
TYPES 1 – 3
2 Cored and analysed intersection quality
Reliable for
of seam without geophysical log, confirmation
structure and
may or may not have lithology
thickness
log
3 Non cored intersection of seam Type 3
with geophysical log, may or may May support
not have lithology log quality

4 Non cored intersection of seam Type 4

without geophysical log, may or Supportive of
may not have lithology log structure and
thickness

This report (file No: ADV-JA-03754_Atlas_JORC_dkb_Mar2011_Ind_ver10; Date: July 2011) has been prepared for the sole
use of PT. Atlas Resources and must be read in its entirety and subject to the third party disclaimer clauses contained in the
body of this report.

538
PT. Diva Kencana Borneo – 30 April 2011 JORC Resources and Reserves Statement Page 31 of 49

Determination of appropriate spacing of Penentuan jarak yang tepat antara Titik-titik

Points of Observation was based on the Pengamatan didasarkan pada
categorising the following seam pengkategorian sifat lapisan batubara
characteristics as “simple”, “moderate” or tersebut sebagai “sederhana”, “sedang” atau
“complex” using the following criteria: “kompleks” berdasarkan kriteria-kriteria
berikut:

x variability of seam thickness x Perbedaan ketebalan lapisan

(including seam splitting), batubara (termasuk percabangan
lapisan batubara),

x variability in coal quality parameters, x Perbedaan pada parameter kualitas

and Batubara, serta

x structural complexity. x Kompleksitas struktur.

The categorisation of In Situ Coal at DKB is Kategorisasi Batubara In Situ di DKB

summarised in Table 4-19 below: dirangkum pada Tabel 4-19 berikut ini:

Table 4-19 In Situ Coal Categorisation Parameters – Parameter Pengkategorian

Batubara In Situ - DKB

Simple/Sederhana Moderate/Sedang Complex/Kompleks

Sedimentation MS MN/SS

Coal Quality MN/MS/SS

Structure/Sedimentasi
Kualitas Batubara MN/SS MS
Struktur
Drill Spacing/Jarak Bor
- Measured/Measured <500m <250m <100m

- Indicated/Tertunjuk 500-1,000m 250-500m 100-200m

- Inferred/Inferred 1,000-2,000m 500-1,000m 200-400m

(Note: MN = Mea North, MS = Mea South and SS = Sangsang

Based on the level of complexity of the DKB Berdasarkan tingkatan kompleksitas deposit
deposit, Resources were sub-divided into DKB, Resources masih dibagi lagi menjadi
categories based on the following drill kategori sebagai berikut, berdasarkan jarak
spacing: antar pengeboran:

x Measured 0-250 m (radius of x Measured 0-250 m (radius

influence 125 m). pengaruh 125 m).
x Indicated 250-500 m (radius of x Indicated 250-500 m (radius
influence 250 m). pengaruh 250 m).
x Inferred 500-1,000 m (radius of x Inferred 500-1.000 m
influence 500 m). (radius pengaruh 500 m).

The proposed initial open pit areas have Areal open pit awal yang diusulkan memiliki
relatively close drill spacing (50 m to 200 m spasi bor yang relatif rapat (spasi 50 m
spacing), with limited deeper drilling on drill hingga 200 m), dengan pengeboran terbatas
This report (file No: ADV-JA-03754_Atlas_JORC_dkb_Mar2011_Ind_ver10; Date: July 2011) has been prepared for the sole
use of PT. Atlas Resources and must be read in its entirety and subject to the third party disclaimer clauses contained in the
body of this report.

539
PT. Diva Kencana Borneo – 30 April 2011 JORC Resources and Reserves Statement Page 32 of 49

lines at 250 m to 500 m spacing. The pada daerah pengeboran yang memiliki
geological database and model are spasi 250 m hingga 500 m. Database dan
considered to be of suitable standard for model geologi dianggap sebagai standard
estimation of In Situ Coal. yang sesuai untuk perkiraan Coal Resources
yang mematuhi JORC Code.

The above level of confidence categories Kategori tingkat keyakinan diatas masih lebih
have been further modified seam-by-seam dimodifikasi per lapisan batubara
on the basis of the following factors: berdasarkan faktor-faktor berikut:

Minimum No. of Drillholes Jumlah Minimum Lubang Bor

For inclusion in the Coal Resource Agar dapat diikutsertakan dalam

estimation a minimum of four overlapping perkiraan Coal Resources, diperlukan
drillholes were required for the relevant minimum empat lubang bor yang saling
category, in order to avoid isolated In tumpang tindih untuk kategori yang
Situ Coal polygons. relevan, agar dapat menghindari
terbentuknya poligon Batubara In Situ
terisolasi.

Down-Dip Drilling Pengeboran Down Dip

A number of seams have been Sejumlah lapisan batubara telah buat

intersected only in drillholes close to the berpotongan hanya pada lubang bor
subcrop, i.e. data is only available along yang dekat dengan sub-crop, yakni data
strike and not down dip. It is necessary hanya tersedia sepanjang jalur strike dan
to have an adequate number of drill tidak pada down dip. Penting untuk
intersections to confirm seam continuity memiliki sejumlah persimpangan bor
at depth otherwise the resource can only yang cukup untuk mengkonfirmasikan
be categorised as maximum Indicated kontinuitas lapisan batubara pada
category. kedalaman, sehingga Resources hanya
dapat dikategorisasikan sebagai
maksimum kategori Indicated.

Coal Quality Data Data Kualitas Batubara

Adequate representative coal quality Diperlukan cukup banyak data kualitas

data is required with appropriate spacing Batubara yang mewakili dengan jarak
subject to the degree of variability of key antar lubang bor yang sesuai, tergantung
quality parameters. A number of minor pada tingkat variabilitas parameter
seams, split and sub-splits have either no kualitas kunci. Sejumlah lapisan
quality data or limited wider-spaced batubara minor, percabangan dan sub-
quality data. In such cases Coal cabang tidak memiliki data kualitas, atau
Resource has been excluded from Coal hanya memiliki data kualitas yang
Resource estimates. Both Mea North terbatas dari titik-titik pengamatan yang
and Sangsang have commenced mining, berjarak lebih lebar. Dalam kasus ini,
therefore pit quality data were considered Coal Resources tersebut tidak
as valid Points of Observation in the diikutsertakan pada perkiraan Coal
determination of category limits. Resources. Baik Mea North maupun
Sangsang telah memulai penambangan,
sehingga data kualitas pit dianggap benar
pada Titik-Titik Penilaian di penentuan
batas kategori.

Berat jenis dari lubang bor dan poligon

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body of this report.

540
 PT. Diva Kencana Borneo – 30 April 2011 JORC Resources and Reserves Statement Page 33 of 49

kategori Resources untuk satu dari lapisan

The drillhole density and resource category batubara utama untuk setiap blok
polygons for one of the main seams in each diperlihatkan pada Gambar 9 hingga 11
block are shown in Figures 9 to 11 as an sebagai sebuah contoh dari metodologi yang
example of the methodology used in digunakan dalam penentuan poligon
determining resource polygons. A similar Resources. Metodologi yang serupa telah
methodology was applied to other seams to diterapkan untuk lapisan lainnya untuk
determine resource limits. Figures showing menentukan batas Resources. Gambar
Coal Resource limits, drill intercepts and coal menunjukkan batas Coal Resources, lubang
quality data for a number of major seams are bor, dandata kualitas batubara untuk
included in Appendix C. sejumlah lapisan utama yang terdapat
didalam Lampiran C.

Dalam kode tersebut, terdapat “Daftar

periksa Kriteria Penilaian dan Pelaporan”,
Within the code is a “Checklist of (Tabel 1 – JORC Code). Daftar ini telah
Assessment and Reporting Criteria”, (Table dipergunakan sebagai metode sistematis
1 – JORC Code). This checklist has been untuk melaksanakan pemeriksaan
used as a systematic method to undertake kepatuhan Coal Resources JORC.
the review of JORC Coal Resources Rangkuman hal-hal kunci dicantumkan pada
compliance. A summary of key points are Tabel 4-20.
listed in Table 4-20.
Table 4-20 JORC Code Compliance Checklist Summary – Coal
ResourcesRangkuman Daftar PeriksaKepatuhan terhadap JORC Code – Coal
Resources

Section
1. Coal sampling techniques.
Teknik pengambilan sample Batubara
2. Drillhole Logging. Logging lubang bor
3. Quality of assay data and laboratory tests.
Kualitas data perkiraan dan uji laboratorium
Comment
The majority of core samples were collected by “twin hole coring"
with a smaller number from "touch coring". Only data from cores with
>90% core recovery were used in modeling and resource
estimation.
Mayoritas sampel ini diambil dengan menggunakan metode ”twin
hole coring” dengan jumlah yang lebih kecil dari "touch coring".
Hanya data dari inti yang memiliki tingkat rekoveri inti >90% sajalah
yang dipergunakan dalam modeling dan perkiraan Resources.
A site geologist was present at all times and preliminary core logs
were derived from "cuttings" and core depths. All drill holes were
geophysically logged and drill logs and coal sample depths
subsequently reconciled against the geophysical logs.
Seorang ahli geologi hadir setiap saat, dan log inti pendahuluan
dihasilkan dari "potongan" dan kedalaman inti. Semua lubang bor
di-logging secara geofisik. Semua log pengeboran dan sample
kedalaman Batubara kemudian dicocokkan dengan log geofisika
tersebut.
All samples were submitted to PT Geoservices laboratories for
analysis. Both laboratories are internationally accredited and all
analyses were conducted in accordance with appropriate
international standards.
Semua sample diserahkan pada laboratorium PT Geoservices untuk
dianalisa. Kedua laboratorium tersebut memiliki akreditasi
internasional, dan segala analisa dilaksanakan sesuai dengan
standar internasional terkait.

4. Location of data points. All drillhole collars were surveyed by Total Station and elevations
Lokasi titik data compared with topographic survey data.

This report (file No: ADV-JA-03754_Atlas_JORC_dkb_Mar2011_Ind_ver10; Date: July 2011) has been prepared for the sole
use of PT. Atlas Resources and must be read in its entirety and subject to the third party disclaimer clauses contained in the
body of this report.

541
 PT. Diva Kencana Borneo – 30 April 2011 JORC Resources and Reserves Statement
5. Data spacing and distribution.
Jarak dan distribusi data
6. Mineral Tenement and land tenure status.
Lokasi mineral dan status kepemilikan tanah
7. Database integrity. Integritas database
8. Estimation and modeling techniques. Teknik-
teknik perkiraan dan modeling
9. Moisture and bulk density. Kadar air dan berat
jenis bulk
10. Classification. . Klasifikasi
11. Results of audits or reviews of Coal Resource
Statements. Hasil dari audit atau pemeriksaan
terhadap Laporan Coal Resources
This report (file No: ADV-JA-03754_Atlas_JORC_dkb_Mar2011_Ind_ver10; Date: July 2011) has been prepared for the sole
use of PT. Atlas Resources and must be read in its entirety and subject to the third party disclaimer clauses contained in the
body of this report.
Page 34 of 49
Semua collar lubang bor disurvei dengan menggunakan Total
Station, dan ketinggiannya dibandingkan dengan data survei
topografi.
Drillhole spacing is typically 50-350 m which is considered adequate
for classification of Coal Resources to Measured and Indicated
category with due consideration for the variance in coal seam
thickness, coal quality and structural complexity.
Jarak antar lubang bor pada umumnya adalah 50-350 m. Jarak ini
dianggap mencukup untuk Coal Resources dengan kategori
Measured dan Terunjuk, dengan cukup mempertimbangkan
perbedaan pada ketebalan, kualitasBatubara, serta kompleksitas
struktural lapisan batubaraBatubara.
All concessions have valid IUP, (mining lease), documentation
Semua konsesi memiliki IUP (Izin Usaha Pertambangan) yang sah.
Recent drillholes were geophysically logged and coal seam data
entered into the geological database was reconciled against the
logs. Previous drillholes were “touch” cored and are therefore
considered to be of lower confidence level.
Lubang-lubang bor terbaru dilogging secara geofisika, dan data
lapisan batubaraBatubara yang dimasukkan ke dalam database
geologi dicocokkan dengan log tersebutwas. Lubang-lubang bor
sebelumnya di “touch” cored, dan oleh sebab itu dianggap memiliki
tingkat keyakinan yang lebih rendah.
A three dimensional computer model was created using either
Mincom Minescape. The model is a "surface" model designed
specifically for coal seam modeling. Extrapolation distances for
Coal Resource estimation were based on geological continuity
(seam thickness, quality and structure). Check estimates were
undertaken.
Suatu model komputer tiga diimensi dibuat dengan menggunakan
Mincom atau Minescape. Model tersebut merupakan model
"permukaan" yang dirancang khusus untuk modeling seam
Batubara. Jarak ekstrapolasi untuk perkiraan Coal Resources
didasarkan pada kontinuitas geologi (ketebalan, kualitas dan
struktur lapisan batubara). Dilaksanakan pula cek perkiraan.
Coal samples were analysed for Total Moisture, Inherent (air dried)
Moisture and RD (as analysed basis). Coal Resources were
reported on an in situ basis with the RD (in situ) being determined
using the Preston-Sanders (2003) formula.
Sample Batubara dianalisa kandungan Kadar air Totalnya, Kadar air
Inheren (kering udara) nya, serta RDnya (dengan basis sesuai
analisa). Coal Resources dilaporkan dengan basis in situ dengan
RD (in situ) ditentukan dengan menggunakan rumus Preston-
Sanders (2003).
The classification of Coal Resource categories (Measured, Indicated
and Inferred) is based on the opinion of the Competent Person
based on drill spacing, data collection methods and the geological
continuity.
Klasifikasi kategori Coal Resources (Measured, Tertunjuk dan
Inferred) didasarkan pada pendapat Competent Person yang
didasarkan pada jarak antar lubang pengeboran, metode
pengumpulan data, serta kontinuitas geologi.
As per findings in this review, plus internal reconciliation and peer
review.
Sesuai hasil temuan pada pemeriksaan ini, plus rekonsiliasi internal
dan pemeriksaan oleh sejawat.
542
PT. Diva Kencana Borneo – 30 April 2011 JORC Resources and Reserves Statement Page 35 of 49

4.6 Coal Resources 4.6 Coal Resources

The parameters applied in the estimation of Parameter yang diberlakukan dalam

Coal Resources are as follow: memperkirakan Coal Resources adalah
sebagai berikut:

x no geological losses have been x Tidak diterapkan adanya kehilangan

applied, geologi,

x no minimum thickness has been x Tidak ada nilai ketebalan minimum

applied, yang diterapkan,

x maximum thickness of parting x Ketebalan maksimum pisahan yang

included in seam thickness is 0.10 m, terdapat pada ketebalan lapisan
batubara tersebut adalah 0,10 m,

x Coal Resource estimates were based x Perkiraan Coal Resources

on the June 2011 geological model didasarkan pada model geologi bulan
using the end of April 2011 “mined Juni 2011, dengan menggunakan
out” topography to account for coal topografi “tertambang” pada akhir
depleted by mining, bulan April 2011 untuk
memperhitungkan jumlah Batubara
yang telah berkurang karena
penambangan,

x Coal Resources are reported above x Coal Resources dilaporkan berada di

an elevation of minus 130 m (Mea atas kedalaman minus 130 m (Mea
North), minus 80 m (Mea South), and North), minus 80 m (Mea South),
minus 50 m (Sangsang) which are an minus 50 m (Sangsang), yang masih
average depth of approximately 150 merupakan rentang kedalaman rata-
m below topography (Mea North), rata 150 m dibawah topografi (Mea
120 m Below topography ( Mea North), 120 m dibawah topografi
South), and 125 m below topography (Mea South), dan 125 m dibawah
(Sangsang). These depth limitations topografi (Sangsang). Batas
are applied based on the maximum kedalaman ini diterapkan
depth of drilling and also to meet the berdasarkan kedalaman maksimum
criteria of JORC resource reporting of pengeboran, dan juga untuk
“reasonable prospects for eventual memenuhi kriteria pelaporan
economic extraction”, and Resources JORC, yakni “prospek
yang masuk akal untuk ekstraksi
ekonomis pada akhirnya”, dan

x estimates for individual seams have x Perkiraan untuk lapisan batubara

been rounded to the nearest 50 kt for individual telah dibulatkan hingga 50
Measured, 100 kt for Indicated and kt terdekat untuk kategori Measured,
200 kt for Inferred Resources, and hingga 100 kt terdekat untuk kategori
total Coal Resources by category are Indicated, dan hingga 200 kt terdekat
rounded to 1 Mt to reflect the overall untuk kategori Inferred, dengan total
accuracy of estimates. Coal Resources per kategori
dibulatkan kedalam 1 Mt untuk
mencerminkan keakuratan perkiraan
secara keseluruhan.

The DKB Coal Resources are estimated to Coal Resources deposit DKB diperkirakan
This report (file No: ADV-JA-03754_Atlas_JORC_dkb_Mar2011_Ind_ver10; Date: July 2011) has been prepared for the sole
use of PT. Atlas Resources and must be read in its entirety and subject to the third party disclaimer clauses contained in the
body of this report.

543
PT. Diva Kencana Borneo – 30 April 2011 JORC Resources and Reserves Statement Page 36 of 49

total 10.9 million tonnes (Mt), of which 3.1 berjumlah total 10,9 juta ton (Mt), yang 3,1
Mt are classed as Measured, 3.0 Mt as Mt diantaranya merupakan Measured, 3,0
Indicated with the balance of 4.8 Mt as Mt diantaranya merupakan Indicated dan
Inferred. sisanya sebanyak 4,8 Mt diantaranya
merupakan Inferred.

Total Coal Resources reported are
summarised by block on Table 4-21 and by
seam on Tables 4-22 to 4-24. Note: totals
have been rounded to reflect the level of
accuracy of estimates.
Total Coal Resources yang dilaporkan per
blok ditunjukkan pada Tabel 4-21 dan per
lapisan pada Tabel 4-22 hingga 4-24.
Catatan: Perhitungan dan estimasi telah
mengalami pembulatan yang mencerminkan
akurasi.

Table 4-21 Coal Resources – DKB

In Situ Coal (Mt)

Block
Measured Indicated Inferred Total
Mea North 1.2 2.3 10.4 13.9
Mea South 0 0.5 0.0 0.5
Sangsang 1.0 0.3 0.4 1.7
Total 2.2 3.1 10.8 16.1

This report (file No: ADV-JA-03754_Atlas_JORC_dkb_Mar2011_Ind_ver10; Date: July 2011) has been prepared for the sole
use of PT. Atlas Resources and must be read in its entirety and subject to the third party disclaimer clauses contained in the
body of this report.

544
PT. Diva Kencana Borneo – 30 April 2011 JORC Resources and Reserves Statement Page 37 of 49

Table 4-22 Coal Resources by Seam – Coal Resources Berdasarkan Lapisan Mea
North

Coal Resources Rounding (kt)

Seam
Measured Indicated Inferred Total
M123 200 200
M122 200 400 600
M121U 100 200 300
M121 300 200 500
M120 700 400 600 1,700
M119 300 200 500
M111 400 400
M110 550 600 1200 2,350
M109 200 200 400
M108 100 200 300
M103 100 2000 2,100
M1021 800 800
M102U 800 800
M1022 400 400
M102L 800 800
M101L 800 800
M100 200 200
M96 400 400
M95U 200 200
M95L 200 200
Total 1,250 2,300 10,400 13,950

Table 4-23 Coal Resources by Seam – Coal Resources Berdasarkan Lapisan Mea
South

Coal Resources Rounding (kt)

Seam
Measured Indicated Inferred
Total
M30L 400 400
M40U 100 100
TOTAL 0 500 0 500

This report (file No: ADV-JA-03754_Atlas_JORC_dkb_Mar2011_Ind_ver10; Date: July 2011) has been prepared for the sole
use of PT. Atlas Resources and must be read in its entirety and subject to the third party disclaimer clauses contained in the
body of this report.

545
PT. Diva Kencana Borneo – 30 April 2011 JORC Resources and Reserves Statement Page 38 of 49

Table 4-24 Coal Resources by Seam – Coal Resources Berdasarkan Lapisan

Sangsang

Coal Resources (kt)

Seam
Measured Indicated Inferred Total
S3U 450 200 200 850
S3 550 100 200 850
TOTAL 1,000 300 400 1,700

4.7 Previous Coal Resource 4.7 Coal Resources Sebelumnya

To the knowledge of PTRI no previous JORC Sepengetahuan PTRI, sebelumnya belum

Code compliant Coal Resource and Reserve pernah ada Laporan Resources dan Coal
statement has been prepared for the Project. Reserves yang sesuai JORC Code yang
dibuat untuk Proyek ini.

This report (file No: ADV-JA-03754_Atlas_JORC_dkb_Mar2011_Ind_ver10; Date: July 2011) has been prepared for the sole
use of PT. Atlas Resources and must be read in its entirety and subject to the third party disclaimer clauses contained in the
body of this report.

546
PT. Diva Kencana Borneo – 30 April 2011 JORC Resources and Reserves Statement Page 39 of 49

5. COAL RESERVE ESTIMATE 5. COAL RESERVE ESTIMATE

Bagian-bagian berikut menggambarkan

The following sections describe the process
proses yang dipergunakan untuk
used in converting the Coal Resources into
mengkonversikan Coal Resources menjadi
Coal Reserves. The order generally follows
Coal Reserves. Urutannya pada umumnya
“Table 1 – Check List of Assessment and
mengikuti “Tabel 1 – Daftar periksa Kriteria
Reporting Criteria” in The JORC Code. This
Penilaian dan Pelaporan” pada JORC Code.
process includes defining viable pit limits and
Proses ini termasuk mendefinisikan batas pit
applying various mining recovery, cost,
yang menghasilkan, serta menerapkan
revenue and similar factors to the Coal
berbagai faktor rekoveri, biaya, pendapatan
Resources to estimate Coal Reserves.
pertambangan dan sejenisnya pada Coal
Resources untuk memperkirakan besaran
Coal Reserves

5.1 Coal Resource Estimate 5.1 Perkiraan Coal Resource

The Coal Resource estimate that is used as
a basis for the Coal Reserve estimate is
documented in this report (see Section 4).
The Competent person who completed out
the Coal Resource estimate is Mr William
Park.
Perkiraan Coal Resource yang dipergunakan
sebagai basis untuk perkiraan Coal
Reserves didokumentasikan juga dalam
laporan ini (lihat Bagian 4). Competent
Person yang telah menyelesaikan perkiraan
Coal Resources adalah Bpk. William Park.

Coal Reserves yang dikutip dalam laporan

Coal Reserves quoted in this report are ini adalah termasuk di dalam Coal
inclusive of Coal Resources. Resources.

5.2. Status Penelitian

5.2 Study Status

A conceptual Life of Mine (LOM) plan has
been completed for Mea North, Mea South
and Sangsang. However the planned Mea
South pit has only very small tonnes, with
limited data and was excluded from the
JORC compliant Resource and Reserve
Statement.
Suatu Rencana Masa Hidup Tambang (Life
of Mine – LOM) konseptual telah dibuat
untuk Mea North, Mea South dan Sangsang.
Tetapi Mea South pit yang direncanakan
hanya memiliki tonase yang kecil, dengan
data yang terbatas dan dihilangkan dari
laporan Resources dan Reserves JORC.

The site was visited by a technical Lokasi ini didatangi oleh perwakilan teknis
representative of PTRI in the June 2011. dari PTRI pada bulan Juni 2011.

In house geotechnical studies have been Penelitian geoteknikal di tempat telah

carried out by DKB and further study work dilakukan oleh DKB dan peneliatian lebih
will progress as the operations develop. lanjut akan dilakukan seiring dengan
perkembangan kemajuan tambang.

The mine is producing and is exporting coal. Tambang ini memproduksi dan mengekspor
The Competent Person for Coal Reserves Batubara. Competent Person untuk Coal
considers the current mine operation is be Reserves menganggap bahwa operasi
technically achievable and commercially pertambangan yang ada sekarang adalah
viable. He is aware of the status of the dapat dilaksanakan secara teknis dan dapat
operations and issues associated with the berproduksi secara komersil. Beliau
mine. mengetahui status operasi dan

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body of this report.

547
PT. Diva Kencana Borneo – 30 April 2011 JORC Resources and Reserves Statement Page 40 of 49

permasalahan yang terkait dengan tambang.

5.3 Cut-off Parameters and Pit Limits 5.3. Parameter Cut-Off dan Batas Pit

The depth was set to a maximum of 150 m. Kedalaman pit diset pada maksimum 150 m.
Geotechnical slopes of 30 degrees were Sudut lereng geoteknik 30 derajat
assumed for high walls and 26 degrees for diasumsikan untuk high wall dan 26 derajat
low walls. An economic model was prepared untuk low wall. Model ekonomi telah
for all planned pit areas to determine the disiapkan untuk seluruh area pit untuk
breakeven stripping ratios. menentukan nisbah kupas impas (BESR).

For the pit shells supplied by DKB, they were
examined and their incremental strip ratio
estimated by duplicating the highwall out 30
m from the design highwall and estimating
the quantities of coal and waste material with
this 30 m wide strip along the pit high wall.
For pits where the incremental stripping
ratios were lower than the break even
stripping ratio, they were used for the
Reserve estimate.
Pit shell yang diberikan oleh DKB telah
diteliti dan Nisbah Kupas Incremental (ISR)
dihitung dengan memperluas highwall sejauh
30 m dari desain highwall dan mengestimasi
jumlah batubara dan material waste dengan
lebar strip 30 m ini sepanjang pit highwall
Untuk pit-pit yang memiliki Nisbah Kupas
Incremental lebih rendah dari BESR, maka
pit tersebut akan digunakan untuk
perhitungan Reserves.

The incremental and break even stripping Nisbah kupas incremental dan Titik Impas
ratios for each pit is provided in Table 5-1. (ISR & BESR) untuk setiap pit terlihat pada
Tabel 5-1.

Table 5-1 Incremental & Break Even Stripping Ratios

Pit Ave. SR Pit ISR BESR

Pit
(bcm/t) (bcm/t) (bcm/t)
Mea North 21.8 28.9 29.3
Sangsang 31.7 52.5 58.5

Through the application of mining factors Dengan penerapan faktor penambangan

(Section 5.4 below), the Mineable In Situ
coal within these pit shells was converted to
ROM coal quantities which were then tested
so that only Measured and Indicated Coal
Resources were classified as Open Cut Coal
Reserves. The selected pit shells for each
block are shown on Figure 12, The key
parameters for the pit design are listed below
in Table 5-2.
(section 5.4 dibawah), batubara yang dapat
ditambang in situ didalam pit shell untuk
kemudian diubah ke jumlah ROM batubara
yang kemudian dites sehingga hanya
Measured coal dan dan Indicated saja yang
diklasifikasikan menjadi Coal Reserves. Pit
shell yang dipilih untuk setiap blok terlihat
pada Gambar 12, parameter untuk desain
pit terlihat pada Tabel 5-2.

Table 5-2 Key Parameters – Pit Design

Description Units Mea North Sangsang

Average Strip Ratio bcm:t 23 40
Rom Coal Mt 10.5 1.4

This report (file No: ADV-JA-03754_Atlas_JORC_dkb_Mar2011_Ind_ver10; Date: July 2011) has been prepared for the sole
use of PT. Atlas Resources and must be read in its entirety and subject to the third party disclaimer clauses contained in the
body of this report.

548
PT. Diva Kencana Borneo – 30 April 2011 JORC Resources and Reserves Statement
5.4 Mining Factors
The selected mining method is an "open cut,
multi seam, moderate to steep dip, truck and
shovel mining method where dumping is
initially ex-pit and subsequently in-pit using a
“haulback methodology”.
The mining factors applied to the Coal
Resource model for deriving mining
quantities were selected based on the use of
excavators and trucks. The assumption is
that clean accurate mining practices are
adopted. Loss and dilution factors used to
convert in situ coal to ROM are as follows:
x Roof and Floor Loss: It is assumed x
that an average of 25 mm of coal will
be lost in both the roof and floor of all
coal seams (i.e. total loss 50 mm).
x Global Loss: It is assumed that 4% of x
all coal mined will be lost. This global
allowance covers both geological and
mining losses including losses which
will occur along edges; such as
subcrops, faults, wedges and ramps.
x Roof and Floor Dilution: It is x
assumed that an average of 25 mm of
waste material will be mined with the
roof and floor of all coal seams. This
assumes small equipment, close
supervision and good mining practices.
x Minimum Mining Thickness: Coal x
less than 0.3 m was excluded from the
estimate.
x Minimum Parting Thickness: Partings x
less than 0.1 m were assumed to be
mined with the coal.
This report (file No: ADV-JA-03754_Atlas_JORC_dkb_Mar2011_Ind_ver10; Date: July 2011) has been prepared for the sole
use of PT. Atlas Resources and must be read in its entirety and subject to the third party disclaimer clauses contained in the
body of this report.
549
Page 41 of 49
5.4 Faktor-faktor Penambangan
Metode tambang yang dipilih adalah
“kegiatan operasi penambangan tambang
terbuka dengan lapisan tambang majemuk,
dengan tingkat kemiringan sedang yang
material waste akan diangkut ke luar pit
pada awalnya dan secara haulbackke dalam
pit kemudian”.
Faktor-faktor penambangan yang diterapkan
pada Coal Resources untuk menghasilkan
jumlah tertambang didasarkan pada
penggunaan excavator dan truk. Asumsinya
adalah praktek pertambangan yang diadopsi
adalah praktek yang bersih dan akurat.
Faktor-faktor kehilangan dan dilusi yang
dipergunakan untuk mengkonversikan
Batubara in situ menjadi ROM adalah
sebagai berikut:
Kehilangan pada Atap dan Lantai
lapisan Batubara: diasumsikan bahwa
secara rata-rata 25 mm Batubara akan
hilang dari atap dan lantai semua seam
Batubara (yakni total kehilangan
setebal 50 mm).
Kehilangan Global: diasumsikan
bahwa 4% dari semua Batubara yang
ditambang akan hilang. Perkiraan
global ini meliputi baik kehilangan atau
kerugian geologi maupun
pertambangan yang akan terjadi di
sepanjang pinggir, seperti pada sub-
tonjolan, retakan, wedge dan ramp.
Dilusi Atap dan Lantai Lapisan
batubara: diasumsikan bahwa rata-rata
sebanyak 25 mm material buangan
akan ditambang bersama dengan atap
dan lantai dari semua seam Batubara.
Keadaan ini mengasumsikan akan
diperlukannya peralatan kecil,
pemeriksaan ketat, dan praktek-praktek
penambangan yang baik.
Ketebalan Minimum Penambangan:
Batubara yang tebalnya kurang dari 0,3
m tidak diikutsertakan dalam perkiraan.
Ketebalan BatuanPemisah Minimum:
batuan pemisah yang berukuran kurang
dari 0,1 m diasumsikan akan ditambang
PT. Diva Kencana Borneo – 30 April 2011 JORC Resources and Reserves Statement Page 42 of 49

x Defaults: Dilution was assumed to be bersama Batubara.

RD 2.1 bcm/t and CV of 500 kcal/kg
x Nilai dasar: dilusi diasumsikan berada
(gar).
pada nilai RD 2,1 bcm/t dengan CV 500
kcal/kg (gar).
5.5 Metallurgical Factor
5.5. Faktor Metalurgi
The coal is sold unwashed so no
metallurgical factors have been applied
Batubara akan dijual tanpa dicucisehingga
tidak ada faktor metallurgi yang digunakan
5.6 Cost and Revenue Factors pada perhitungan ini.

5.6. Faktor Biaya dan Pendapatan

Atlas provided a “data sheet” of unit costs
which were checked these for
Atlas menyediakan suatu “lembar data” unit
reasonableness against other known
biaya yang dicek, hal ini terkait dengan
production costs from similar mining
kewajaran terhadap biaya produksi yang
operations in the region.
telah diketahui dari kegiatan penambangan
These unit rates were then used to estimate yang serupa di daerah tersebut.
the cost to deliver coal to a ship (fob vessel).
Nilai unit ini kemudian dipergunakan untuk
This allowed a break even strip ratio to be
memperkirakan biaya untuk mengirimkan
estimated and the rates were also used to
Batubara ke atas kapal (fob kapal). Hal ini
calibrate the Optimiser software. The
memungkinkan dibuatnya perkiraan strip
following points summarise the cost and
ratio balik modal. Nilai ini juga dipergunakan
revenue factors used for the estimate (see
untuk mengkalibrasikan perangkat lunak
also Table 5-12 below):
Optimiser. Beberapa hal berikut merupakan
rangkuman dari faktor-faktor biaya dan
pengeluaran yang dipergunakan untuk
membuat perkiraan tersebut (lihat juga Tabel
5-12 berikut ini):
x All costs are in US dollars.
x Semua biaya adalah dalam dollar AS.
x A benchmark coal price of $115.00 per
tonne for coal of CV 6,322 kcal/kg (gar) x Harga patokan Batubara sebesar $
was used for Mea North and $200.00 per 115,- per ton Batubara dengan CV
tonne for Sangsang which has coking 6.322 kcal/kg (gar) dipergunakan untuk
properties. Price discounts above CV Mea North dan $200,00 per ton untuk
pro rata adjustments were also applied. Sangsang yang memiliki sifat coking.
Diterapkan juga potongan harga diatas
penyesuaian pro rata CV.
x Royalties of 7% of revenue less
marketing, barging and shipping costs x Dialokasikan adanya pembayaran
have been allowed. royalti sebesar 7% pendapatan
dikurangi ongkos pemasaran,
pengangkutan dan pengiriman.
x 10% allowance for VAT has been
included based on advice from DKB, x Sesuai dengan saran/nasihat dari DKB,
ditambahkan pula PPN sebesar 10%.
x A fuel price of 0.80 cents per litre was
used for mining costs, x Untuk biaya pertambangan,
dipergunakan harga bahan bakar 0,80
x Coal hauling, crushing, and stockpiling sen AS per liter.
costs of approximately $4.30 per tonne. x Ongkos pengangkutan, peremukan,
dan penumpukan Batubara adalah
x Waste and coal mining cost of sekitar $ 4,30 per tonnya.
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body of this report.

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PT. Diva Kencana Borneo – 30 April 2011 JORC Resources and Reserves Statement Page 43 of 49

approximately $72,00 per tonne at the x Biaya penambangan dan pembuangan

breakeven stripping ratio. pada stripping ratio balik modal adalah
sekitar $ 72,00 per ton.
x Allowances were made for coal barge
loading, barging and ship loading which x Dipersiapkan anggaran untuk
totalled approximately $16.00 per tonne. pemuatan Batubara pada tongkang,
tongkang maupun kapal sebesar kira-
x Administration and marketing costs kira $ 16,- per ton.
allowed totalled approximately $2.50 per x Total biaya administrasi dan
tonne. pemasaran diperkirakan sebesar $2,50
per ton.
5.7 Marketing and Product
Specifications 5.7. Spesifikasi Pemasaran dan Produk

A market study has been carried out by

Wood Mackenzie Coal Consulting and the Studi pemasaran telah dilaksanakan oleh
draft report issued in May 2011 has been Wood Mackenzie Coal Consulting, dan
provided by Atlas. The report suggests laporan draft dikeluarkan pada bulan Mei
growth demand for Indonesian coals into the 2011 oleh Atlas. Laporan tersebut
India and China markets in particular with menyimpulkan adanya kenaikan permintaan
coal prices progressively increasing in the untuk Batubara Indonesia, terutama di pasar
foreseeable future. DKB has also been India dan Cina. Harga Batubara secara
operating and subsequently marketing its bertahap meningkat di masa depan jangka
coal since 2010 and should be able to pendek. DKB juga telah beroperasi dan
continue to market its coal in the current memasarkan Batubaranya sejak tahun 2010,
buoyant market. dan seharusnya dapat terus memasarkan
Batubaranya di pasar yang meningkat ini.
Mea North is currently producing a single
coal product with an average product quality Mea North hingga saat ini menghasilkan satu
to date is as follows: TM 15.8% (ar), Calorific produk Batubara dengan kualitas rata-rata
Value (CV) 6,205 kcal/kg (gar), Ash 6.1% as sebagai berikut: TM 15,8%, CV 6.205 kcal/kg
received (ar) and sulphur 0.23% (ar). Based (gar), Abu 6.1% (ar) dan Total Belerang
on the LOM study average long term coal 0,23% (ar). Menurut hasil penelitian LOM,
quality is as follows: TM 11.9%, CV 6,360 kualitas Batubara jangka panjang rata-rata
kcal/kg (gar), Ash 6.4% (ar) and TS 0.30% adalah sebagai berikut: TM 11.9%, CV 6.360
(ar). kcal/kg (gar), abu 6.4% (ar) dan belerang
0.3% (ar).
Sangsang has commenced trial production.
The coal has potential coking properties and Sangsang telah memulai percobaan
the expected average long term average produksi. Batubara tersebut memiliki sifat
quality is as follows: TM 10.6%, CV 7,110 potensial coking dan rata-rata kualitas
kcal/kg (gar), ash 4.4% (ar) and TS 0.82% jangka panjangnya adalah sebagai berikut:
(ar). CSN is up to 9 and the Maximum TM 10,6%, CV 7.110 kcal/kg (gar), Abu 4,4%
Fluidity is >3,200 ddm. (ar) dan Total Belerang 0,82% (ar). Nilai
CSN hingga 9 dan fluiditas maksimum
adalah > 3.200 ddm.
5.8 Other Relevant Factors
5.8 Faktor-faktor Lain yang Terkait
There are a number of technical, planning
and statutory issues which may impact on Terdapat beberapa isu teknis maupun
the stated Coal Reserves. These include: perencanaan yang dapat berdampak kepada
x land and tenure compensation and Coal Reserve. Isu-isu tersebut termasuk:
finalisation of purchases, x ganti rugi tanah dan hak kepemilikan

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551
PT. Diva Kencana Borneo – 30 April 2011 JORC Resources and Reserves Statement Page 44 of 49

x further geotechnical studies, serta finalisasi jual beli lahan,

x ongoing exploration drilling, including x
coring to provide additional coal
quality data,
x ongoing detailed mine planning,
x changes in statutory requirements,
x updates to the geological model,
x coal quality and material x
characteristics results of actual large
scale trial shipments, yet to be
undertaken, more detailed marketing
studies, including long term coal
pricing due to the sensitive nature of
the economics of the coal deposit to
coal price, and
x review of operating cost and revenue x
assumptions.
x studi atau penelitian geoteknik
lanjutan,
pengeboran eksplorasi yang sedang
dilaksanakan, termasuk kegiatan
pengeboran inti untuk memberikan data
tambahan mengenai kualitas batubara,
x perencanaan tambang detil yang terus
dilakukan,
x Perubahan dari Undang Undang,
x pembaharuan serta penyempurnaan
model geologi,
kualitas batu bara serta hasil
karakteristik material dari uji coba
pengapalan berskala besar, namun
belum dilaksanakan, studi pemasaran
yang lebih rinci, termasuk penetapan
harga batu bara jangka panjang akibat
nilai ekonomi Coal Reserve yang memiliki
sifat-sifat sensitif terhadap harga
batubara, dan
Pengkajian ulang mengenai biaya
operasi serta asumsikeuntungan

These issues may cause the pit shell, mining Hal-hal ini dapat menyebabkan berubahnya
quantities and Coal Resource and Resrve pit shell, jumlah tertambang, serta
categorisation to change in future JORC kategorisasi Coal Resources dan Coal
statements Reserves dalam laporan JORC mendatang.

5.9 Coal Reserve Classification 5.9 Klasifikasi Coal Reserves

A Coal Reserve is defined in the JORC Code “Coal Reserves” didefinisikan dalam JORC
(2004) as the economically mineable part of Code (2004) sebagai bagian yang dapat
a Measured and/or Indicated Mineral ditambang secara ekonomis dari suatu
Resource. It includes diluting materials and Resources Mineral Measured dan/atau
allowances for losses, which may occur Indicated. Reserves ini mencakup dilusi
when the material is mined. Appropriate material dan perkiraan kehilangan, yang
assessments and studies have been carried mungkin terjadi ketika material tersebut
out, and include consideration of and ditambang. Penilaian dan penelitian yang
modification by realistically assumed mining, sesuai telah dilaksanakan, termasuk
metallurgical, economic, marketing, legal, pertimbangan dan modifikasi sesuai dengan
environmental, social and governmental faktor-faktor penambangan, metalurgi,
factors. These assessments demonstrate at ekonomi, pemasaran, legal, lingkungan,
the time of reporting that extraction could sosial dan pemerintahan yang telah
reasonably be justified. Coal Reserves are diasumsikan secara realistis. Pada saat
sub-divided in order of increasing confidence laporan ini dibuat, penilaian-penilaian ini
into Probable Reserves and Proved Ore menunjukkan bahwa ekstraksi dapat
Reserves: dibenarkan secara masuk akal. Sesuai
dengan tingkat keyakinannya, Coal
Reserves dibagi lagi menjadi Reserves

This report (file No: ADV-JA-03754_Atlas_JORC_dkb_Mar2011_Ind_ver10; Date: July 2011) has been prepared for the sole
use of PT. Atlas Resources and must be read in its entirety and subject to the third party disclaimer clauses contained in the
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552
PT. Diva Kencana Borneo – 30 April 2011 JORC Resources and Reserves Statement Page 45 of 49

Probable dan Reserves Proved:

x Probable – the economically
mineable part of an Indicated, and in x Probable– bagian yang dapat
some circumstances, a Measured ditambang secara ekonomis dari
Coal Resource. A Probable Reserve suatu Indicated Coal, dan pada
has a lower level of confidence than a beberapa keadaan, Measured coal.
Proved Ore Reserve but is of Suatu Reserves Probable lebih
sufficient quality to serve as the basis rendah tingkat keyakinannya
for a decision on the development of daripada Reserves Bijih Proved,
the deposit; and tetapi mutunya cukup untuk dijadikan
basis keputusan untuk
mengembangkan deposit tersebut;
dan
x Proved – the economically mineable
part of a Measured Coal Resource. x Proved– bagian yang dapat
A Proved Reserve represents the ditambang secara ekonomis dari
highest confidence category of suatu Measured coal. Suatu
reserve estimate. The style of Reserves Proved merupakan kategori
mineralisation or other factors could keyakinan tertinggi dari suatu
mean that Proved Ore Reserves are perkiraan persediaan. Jenis
not achievable in some deposits. mineralisasi atau faktor-faktor lain
dapat berarti bahwa Reserves Bijih
Proved tidak mungkin dicapai pada
beberapa deposit.
The choice of the appropriate category of
Coal Reserve is determined primarily by the Pilihan kategori yang sesuai untuk Coal
relevant level of confidence in the Mineral Reserves terutama ditentukan dari tingkat
Resource and after considering any keyakinan terhadap Resources Mineral yang
uncertainties in the Modifying Factors. bersangkutan, dan setelah
Allocation of the appropriate category must mempertimbangkan segala ketidakpastian
be made by a Competent Person or pada Faktor-faktor Pengubah. Alokasi
Persons. kategori yang sesuai harus dilakukan oleh
Orang atau Orang-Competent Person.
5.10 Audits and Reviews
5.10 Audit dan Pemeriksaan
Checks were done on the Coal Reserves
estimated by independently re-estimating the Pemeriksaan dijalankan atas Coal Reserves
Reserves of the major seams. Also, the total yang diperkirakan, dengan cara
volume of coal and waste in the pit shell was memperkirakan kembali persediaan pada
validated in different software. seam-seam besar. Selain itu, total volume
Batubara dan bahan buangan pada pit shell
divalidasikan dengan menggunakan software
atau piranti lunak yang berbeda.
Within the code is a “Checklist of
Assessment and Reporting Criteria” (Table 1 Dalam kode terdapat “Daftar periksa Kriteria
– JORC Code). This checklist has been used Penilaian dan Pelaporan” (Tabel 1 – JORC
as a systematic method to undertake the Code). Daftar ini telah dipergunakan
review of JORC compliance. sebagai metode sistematis dalam memeriksa
kepatuhan terhadap JORC.
A summary of key points are listed in Table
5-3. Ringkasan hal-hal kuncinya dapat dilihat
pada Tabel 5-3.

This report (file No: ADV-JA-03754_Atlas_JORC_dkb_Mar2011_Ind_ver10; Date: July 2011) has been prepared for the sole
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body of this report.

553
PT. Diva Kencana Borneo – 30 April 2011 JORC Resources and Reserves Statement
Table 5-3 JORC Code Compliance Checklist Summary
Rangkuman Checklist Kepatuhan terhadap JORC Code
Section/Bagian
1. Is the Reserve derived from JORC compliant Resource
Statement? Who are the competent persons? Apakah
Reserves tersebut berasal dari Laporan Resources Patuh
JORC? Siapa sajakah orang-Competent Person yang
terlibat?
2. What is the current project status? Bagaimana status
proyek saat ini?
3. What cut off parameters and physical limits have been
applied in estimating the Reserves? Parameter cut off
dan batasan fisik apa sajakah yang dipergunakan dalam
memperkirakan jumlah Reserves?
4. What mining and geotechnical assumptions have been
made? Asumsi pertambangan dan geoteknis apa sajakah
yang telah diambil?
5. Is there a metallurgical process used and what is
suitability to the type of operation? Apakah ada proses
metalurgi yang dipergunakan, dan seberapa sesuaikah
proses tersebut dengan jenis operasi?
6. How have the project capital, operating costs and
royalties been derived? Dari manakah asal modal
proyek, biaya operasional, dan royalty yang ada?
7. What is the market demand and supply of this
commodity and what are the price and volume forecasts
of the Reserves based upon? Bagaimana permintaan dan
penawaran pasar terhadap komoditas ini, dan apakah
yang mendasari perkiraan harga dan volume Reserves
yang dibuat?
This report (file No: ADV-JA-03754_Atlas_JORC_dkb_Mar2011_Ind_ver10; Date: July 2011) has been prepared for the sole
use of PT. Atlas Resources and must be read in its entirety and subject to the third party disclaimer clauses contained in the
body of this report.
554
Page 46 of 49
Comment/Keterangan
This JORC Reserve is derived from JORC compliant Coal
Resources Statement signed by Mr. William Park.
Reserves JORC ini berasal dari Laporan Coal Resources
yang Patuh terhadap JORC yang ditandatangani oleh Mr.
William Park.
The mine has commenced operations. A life of mine plan is
well advanced.
Tambang telah memulai operasinya. Rencana masa hidup
disusun dengan baik.
Reasonable factors have been used for roof and floor loss,
dilution and minimum coal parting thickness as well as
diluting material properties.
Telah dipergunakan faktor-faktor yang masuk akal untuk
kehilangan pada atap dan lantai, dilusi, ketebalan pemisahan
Batubara minimum, serta dilusi sifat material.
Geotechnical assumptions have been considered in the
design of the pit shell and pit depth. Coal quality is as per the
geological model combined with loss and dilution
adjustments.
Asumsi-asumsi geoteknis telah dipertimbangkan dalam
desain pit shell dan kedalaman pit. KualitasBatubara adalah
per model geologi digabungkan dengan penyesuaian karena
kehilangan dan dilusi.
The ROM coal will be crushed and sized prior to shipment.
No coal is washed.
Batubara ROM akan diremukkan dan diperkecil ukurannya
sebelum dikirimkan. Tidak ada Batubara yang dicuci.
The operating costs were provided by DKB and verified for
reasonableness against known contracted and operating costs
for mines in the vicinity of the deposit. Where necessary
additional cost components were added and provided costs
were modified, resulting in a cost base which PTRI
considered as being reasonable. Capital costs were not used
in determining the breakeven SR. Royalties are as per the
prevailing regulations.
Ongkos operational disediakan oleh DKB dan diverifikasi
kecocokannya dengan ongkos kontrak dan operational
tambang yang berada di sekitar daerah deposit tersebut. Jika
perlu, unsure ongkos tambahan ditambahkan dan ongkos
yang disediakan juga disesuaikan, sehingga dihasilkan basis
ongkos yang PTRI anggap masuk akal. Biaya modal tidak
dipergunakan untuk menentukan SR balik modal. Royalti
diperhitungkan sesuai dengan peraturan perundangan yang
berlaku.
The mine is in production and has successfully marketed the
coal for over a year. A significant discount factor above CV
adjustments has been used in evaluating the economics.
Tambang berproduksi dan telah berhasil memasarkan
Batubara selama lebih dari setahun. Suatu faktor discount
yang signifikan di atas penyesuaian CV telah dipergunakan
untuk mengevaluasi nilai ekonomis.
PT. Diva Kencana Borneo – 30 April 2011 JORC Resources and Reserves Statement Page 47 of 49

8. Any other factors that may potentially affect the viability
of the project and the status of titles and approvals
required for the project? Adakah faktor lain apapun yang
berpotensi mempengaruhi hidupnya proyek ini, serta
berpotensi mempengaruhi status izin dan persetujuan
apapun yang diperlukan oleh proyek ini?
9. What is the basis for the classification of the ore
Reserves and proportion of ore Reserves which have
been derived from measured mineral Resources?
Apakah basis dari klasifikasi persediaan bijih, dan
berapakah proporsi persediaan bijih yang berasal dari
Resources mineral yang Measured?
10. Results of audits or reviews of Reserves Statements
Hasil audit atau pemeriksaan terhadap Laporan
Reserves.
11. Relative accuracy and confidence of the Reserves
Estimate Keakuratan dan keyakinan relatif atas
Perkiraan Reserves.
All mining projects operate in an environment of geological
uncertainty however the author is not aware of any other
potential factors that could affect the operation viability. All
necessary approvals are reportedly in place.
Semua proyek pertambangan beroperasi dalam
ketidakpastian lingkungan dan geologi. Tetapi, penulis tidak
mengetahui adanya faktor-faktor potensial lain yang dapat
mempengaruhi kehidupan operasi. Segala izin yang
diperlukan telah dilaporkan berada pada tempatnya
Classification of Ore Reserves has been derived by
considering the Measured and Indicated Resources, the
modifying factors, and the level of mine planning detail.
Inferred Resources have been excluded from the estimate.
Klasifikasi Reserves Bijih telah diambil dari pertimbangan
atas Measured dan Tertunjuk, faktor-faktor pengubah, serta
tingkat perincian perencanaan tambang. Resources
Probable tidak diikutsertakan dalam perkiraan ini..
As per findings in this review, plus internal reconciliation
and peer review.
Sesuai dengan hasil temuan pada pemeriksaan ini, plus
rekonsiliasi internal dan pemeriksaan oleh sejawat.
The Reserve estimates have been independently checked
along with the pit shell volumes. Detailed life of mine
planning has not been completed on stated mining Coal
Reserves consequently there is a medium level of confidence
in the estimate.
Perkiraan Reserves telah diperiksa secara mandiri bersama
dengan volume pit shell. Perencanaan Masa Hidup
Tambang yang detil belum diselesaikan sebagaimana tertulis
pada Coal Reserves sebagai konsekuensi dari adanya tingkat
kepercayaan yang sedang pada perhitungan tersebut.

This report (file No: ADV-JA-03754_Atlas_JORC_dkb_Mar2011_Ind_ver10; Date: July 2011) has been prepared for the sole
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body of this report.

555
PT. Diva Kencana Borneo – 30 April 2011 JORC Resources and Reserves Statement Page 48 of 49

5.11 Discussion of Relative Accuracy and 5.11. Diskusi tentang Akurasi dan
Confidence Kepercayaan Relatif

The mine has only been producing for a
limited period therefore there are only limited
coal quality data from barging analyses to
compare against modeled quality for the
Coal Reserves.
Tambang baru berproduksi selama waktu
yang terbatas, sehingga hanya ada sedikit
data kualitas batubara dari analisis barging
yang digunakan untuk dibandingkan dengan
kualitas dari model untuk Coal Reserves.

The difference of 3.6 Mt between the 6.1 Mt Perbedaan 3,6 Mt antara 6,1 Mt Measured
Measured and Indicated Coal Resources dan Indicated dengan 2,6 Mt Coal Reserves
and the 2.6 Mt Open Cut Coal Reserve is dapat dijelaskan sebagai berikut :
explained by the following:

x there are geological and mining x Terdapat kehilangan (losses) akibat

losses and dilution gains in the Coal penambangan dan geologi serta
Reserve estimation; dilusi selama proses estimasi Coal
Reserves;
x the Measured and Indicated x Poligon Measured dan Indicated
Resource polygons extend beyond melewati pit shell yang dapat
the mineable pit shells; and ditambang; dan
x Inferred Coal Resources have not x Coal Inferred belum dimasukkan
been included in the Open Cut Coal kedalam Coal Reserves.
Reserves.

At this stage the majority of Coal Resources
are classified as Measured and Indicated
category and a there is a current Life of Mine
(LOM) plan. Hence, the Open Cut Coal
Reserves are classified as both “Proved” and
“Probable”.
Pada tahap ini, sebagian besar Coal
Resources diklasifikasikan sebagai kategori
Measured dan Indicated dan terdapat juga
Rencana Umur Tambang (LOM). Oleh sebab
itu, Coal Reserves diklasifikasikan sebagai
“Proved” dan “Probable”.

5.12 Results 5.12 Hasil

Open Cut Coal Reserves in total, by seam
and by pit are shown on Tables 5-4 and 5-5,
respectively. DKB coal is sold as unwashed
coal, therefore Open Cut Coal Reserves are
equivalent to Marketable Reserves. Note:
Estimates have been rounded to reflect the
order of accuracy of the estimates.
Total Open Cut Coal Reserves, per seam
dan per pit ditunjukkan pada Tabel 5-4 dan
5-5 secara berurutan. Batubara DKB dijual
sebagai Batubara yang tidak dicuci. Oleh
karena itu, Coal Reserves Open Cut adalah
setara dengan Reserves yang Dapat
Dipasarkan. Catatan: perkiraan telah
dibulatkan untuk mencerminkan keakuratan
perkiraan-perkiraan yang ada.

This report (file No: ADV-JA-03754_Atlas_JORC_dkb_Mar2011_Ind_ver10; Date: July 2011) has been prepared for the sole
use of PT. Atlas Resources and must be read in its entirety and subject to the third party disclaimer clauses contained in the
body of this report.

556
PT. Diva Kencana Borneo – 30 April 2011 JORC Resources and Reserves Statement Page 49 of 49

Table 5-4 Open Cut Coal Reserves

Ash % CV
Block Coal Reserves (Mt) TM % TS %
kcal/kg
Proved Probable (ar) (ar) (ar) (ar) (ar)
Mea
1.1 0.9 2 11.9 6.4 0.30 6,360
North
Sangsang 0.6 0 0.6 10.6 4.4 0.82 7,110
TOTAL 1.7 0.9 2.6 11.6 5.9 0.43 6,550

Table 5-5 Open Cut Coal Reserves by Seam – Open Cut Coal Reserves
Berdasarkan Lapisan

CV
Coal Reserves (Mt) TM % Ash % TS %
Block Seam kcal/kg
Proved Probable Total (ar) (ar) (ar) (gar)
Mea North M103 0 0.1 0.1 9.4 6.1 0.30 6,780
M109 0 0.1 0.1 12.3 6.8 0.50 5,750
M110 0.4 0.1 0.5 11.3 3.8 0.30 6,640
M119 0 0.2 0.2 11.3 13 0.30 6,080
M120 0.7 0.1 0.8 12.4 2.8 0.20 6,600
M121 0 0.2 0.2 12.7 14.7 0.30 5,640
M122 0 0.1 0.1 12.8 18.1 0.30 5,170
Sub Total 1.1 0.9 2 11.9 6.4 0.30 6,360
Sangsang S3U 0.3 11.5 3.9 0.65 7,060
S3 0.4 9.8 4.7 0.96 7,160
Sub Total 0.6 10.6 4.4 0.82 7,110
Total/Avg 1.7 0.9 2.6 11.6 5.9 0.43 6,550

Note: Coal qualities reported for Open Cut
Coal Reserves vary from the qualities
reported for Coal Resources (see Section
4.2) due to two principal factors. Firstly, the
Coal Resource qualities are based on the
whole coal deposit while Open Cut Coal
Reserves qualities are only for coal within
the Mineable Pit Shell. Secondly, Coal
Reserve qualities have also been modified
by coal losses and dilution factors.
Catatan: kualitas Batubara yang dilaporkan
untuk Coal Reserves Open Cut berbeda-
beda dari kualitas yang dilaporkan untuk
Coal Resources (lihat Bagian 4.2) karena
adanya dua faktor utama. Pertama, kualitas
Coal Resources didasarkan pada deposit
Batubara secara keseluruhan, sedangkan
kualitas Coal Reserves Open Cut hanya
untuk Batubara yang berada dalam Pit Shell
yang Dapat Ditambang. Kedua, kualitas
Coal Reserves juga dimodifikasi oleh faktor-
faktor kehilangan Batubara dan dilusi.

5.13 Previous Reserve Estimates 5.15 Perkiraan Reserves Sebelumnya

To the knowledge of PTRI no previous JORC Sepengetahuan PTRI, sebelumnya belum

Code compliant Coal Reserve statement has pernah ada Laporan Coal Reserves yang
been prepared for the Project. sesuai JORC Code yang dibuat untuk
Proyek ini.
This report (file No: ADV-JA-03754_Atlas_JORC_dkb_Mar2011_Ind_ver10; Date: July 2011) has been prepared for the sole
use of PT. Atlas Resources and must be read in its entirety and subject to the third party disclaimer clauses contained in the
body of this report.

557
PT. Diva Kencana Borneo – 30 April 2011 JORC Resources and Reserves Statement Appendix A

APPENDIX/ LAMPIRAN A

MODEL DATABASE FILES/ FILE-FILE

MODEL DATABASE

(ADV-JA-03595_BBE_APPENDIX B_GEOLOGICAL MODEL

DATABASE)

This report (file No: ADV-JA-03754_Atlas_JORC_dkb_Mar2011_Ind_ver10; Date: July 2011) has been prepared for the sole
use of PT. Atlas Resources and must be read in its entirety and subject to the third party disclaimer clauses contained in the
body of this report.

558
PT. Diva Kencana Borneo – 30 April 2011 JORC Resources and Reserves Statement Appendix B

APPENDIX/ LAMPIRAN B

GEOLOGY PLANS/ RENCANA GEOLOGI

This report (file No: ADV-JA-03754_Atlas_JORC_dkb_Mar2011_Ind_ver10; Date: July 2011) has been prepared for the sole
use of PT. Atlas Resources and must be read in its entirety and subject to the third party disclaimer clauses contained in the
body of this report.

559
 380000 382500
9945000

9945000
9942500

9942500
375000 380000 385000
9945000

9945000
9940000

9940000
9935000

9935000

LEGEND

Drillhole Location
9940000

9940000

Concession Boundaries
375000 380000 385000

380000 382500

Meters
0 250 500

PT Atlas Resources
JORC RESOURCES AND RESERVES STATEMENT 2011

DRILL HOLE LOCATION - DKB

Date: Jul 2011 Job No: ADV-JA-03754 Appendix: B-1

560
 380000 382500
9945000

9945000
9942500

9942500
375000 380000 385000
9945000

9945000
9940000

9940000
9935000

9935000

LEGEND

Practical Pit
9940000

9940000

Concession Boundaries 375000 380000 385000

380000 382500

Meters
0 250 500

PT Atlas Resources
JORC RESOURCES AND RESERVES STATEMENT 2011

TOPOGRAPHY - DKB

Date: Jul 2011 Job No: ADV-JA-03754 Appendix: B-2

561
 380000 382500
9945000

9945000
9942500

9942500
375000 380000 385000
9945000

9945000
9940000

9940000

LEGEND
9935000

9935000

Contours Structure

Concession Boundaries
9940000

9940000

375000 380000 385000

Line of Subcrop

380000 382500

Meters
0 250 500

PT Atlas Resources
JORC RESOURCES AND RESERVES STATEMENT 2011

CONTOUR STRUCTURE
SEAM M120 - MEA NORTH - DKB
Date: Jul 2011 Job No: ADV-JA-03754 Appendix: B-3

562
 380000 382500
9945000

9945000
9942500

9942500
375000 380000 385000
9945000

9945000
9940000

9940000

LEGEND
9935000

9935000

Contours Structure

Concession Boundaries
9940000

9940000

375000 380000 385000

Line of Subcrop

380000 382500

Meters
0 250 500

PT Atlas Resources
JORC RESOURCES AND RESERVES STATEMENT 2011

CONTOUR STRUCTURE
SEAM M30L - MEA SOUTH - DKB
Date: Jul 2011 Job No: ADV-JA-03754 Appendix: B-4

563
 380000 382500
9945000

9945000
9942500

9942500
375000 380000 385000
9945000

9945000
9940000

9940000

LEGEND
9935000

9935000

Contours Structure

Concession Boundaries
9940000

9940000

375000 380000 385000

Line of Subcrop

380000 382500

Meters
0 250 500

PT Atlas Resources
JORC RESOURCES AND RESERVES STATEMENT 2011

CONTOUR STRUCTURE
SEAM S3 - SANGSANG - DKB
Date: Jul 2011 Job No: ADV-JA-03754 Appendix: B-5

564
PT. Diva Kencana Borneo – 30 April 2011 JORC Resources and Reserves Statement Appendix C

APPENDIX/ LAMPIRAN C

COAL RESOURCE LIMITS/ BATASAN

COAL RESOURCE

This report (file No: ADV-JA-03754_Atlas_JORC_dkb_Mar2011_Ind_ver10; Date: July 2011) has been prepared for the sole
use of PT. Atlas Resources and must be read in its entirety and subject to the third party disclaimer clauses contained in the
body of this report.

565
 380000 382500
9945000

9945000
9942500

9942500
375000 380000 385000
9945000

9945000
9940000

9940000

LEGEND

Drillholes

Concession Area
9935000

9935000

Measured Resource Limits

Indicated Resource Limits

Inferred Resource Limits

9940000

9940000

375000 380000 385000

Mine Out

380000 382500

Meters
0 250 500

PT Atlas Resources
JORC RESOURCES AND RESERVES STATEMENT 2011

COAL RESOURCE LIMITS

SEAM M110 - MEA NORTH - DKB
Date: Jul 2011 Job No: ADV-JA-03754 Appendix: C-1

566
 380000 382500
9945000

9945000
9942500

9942500
375000 380000 385000
9945000

9945000
9940000

9940000

LEGEND

Drillholes

Concession Area
9935000

9935000

Measured Resource Limits

Indicated Resource Limits

Inferred Resource Limits

9940000

9940000

375000 380000 385000

Mine Out

380000 382500

Meters
0 250 500

PT Atlas Resources
JORC RESOURCES AND RESERVES STATEMENT 2011

COAL RESOURCE LIMITS

SEAM M121 - MEA NORTH - DKB
Date: Jul 2011 Job No: ADV-JA-03754 Appendix: C-2

567
 380000 382500
9945000

9945000
9942500

9942500
375000 380000 385000
9945000

9945000
9940000

9940000

LEGEND

Drillholes

Concession Area
9935000

9935000

Measured Resource Limits

Indicated Resource Limits

Inferred Resource Limits

9940000

9940000

375000 380000 385000

Mine Out

380000 382500

Meters
0 250 500

PT Atlas Resources
JORC RESOURCES AND RESERVES STATEMENT 2011

COAL RESOURCE LIMITS

SEAM M122 - MEA NORTH - DKB
Date: Jul 2011 Job No: ADV-JA-03754 Appendix: C-3

568
 380000 382500
9945000

9945000
9942500

9942500
375000 380000 385000
9945000

9945000
9940000

9940000

LEGEND

Drillholes

Concession Area
9935000

9935000

Measured Resource Limits

Indicated Resource Limits

Inferred Resource Limits

9940000

9940000

375000 380000 385000

Mine Out

380000 382500

Meters
0 250 500

PT Atlas Resources
JORC RESOURCES AND RESERVES STATEMENT 2011

COAL RESOURCE LIMITS

SEAM M40U- MEA SOUTH - DKB
Date: Jul 2011 Job No: ADV-JA-03754 Appendix: C-4

569
PT. Diva Kencana Borneo – 30 April 2011 JORC Resources and Reserves Statement Appendix D

APPENDIX/ LAMPIRAN D

COAL RESERVE LIMITS/ BATASAN COAL

RESERVE

This report (file No: ADV-JA-03754_Atlas_JORC_dkb_Mar2011_Ind_ver10; Date: July 2011) has been prepared for the sole
use of PT. Atlas Resources and must be read in its entirety and subject to the third party disclaimer clauses contained in the
body of this report.

570
 380000 382500
9945000

9945000
9942500

9942500
375000 380000 385000
9945000

9945000
9940000

9940000

LEGEND
9935000

9935000

Practical Pit

Concession Area

Proved Reserves
9940000

9940000

Probable Reserves 375000 380000 385000

380000 382500

Meters
0 250 500

PT Atlas Resources
JORC RESOURCES AND RESERVES STATEMENT 2011

COAL RESERVE LIMITS

SEAM M110 - MEA NORTH - DKB
Date: Jul 2011 Job No: ADV-JA-03754 Appendix: D-1

571
 380000 382500
9945000

9945000
9942500

9942500
375000 380000 385000
9945000

9945000
9940000

9940000

LEGEND
9935000

9935000

Practical Pit

Concession Area

Proved Reserves
9940000

9940000

Probable Reserves 375000 380000 385000

380000 382500

Meters
0 250 500

PT Atlas Resources
JORC RESOURCES AND RESERVES STATEMENT 2011

COAL RESERVE LIMITS

SEAM M121 - MEA NORTH - DKB
Date: Jul 2011 Job No: ADV-JA-03754 Appendix: D-2

572
 380000 382500
9945000

9945000
9942500

9942500
375000 380000 385000
9945000

9945000
9940000

9940000

LEGEND
9935000

9935000

Practical Pit

Concession Area

Proved Reserves
9940000

9940000

Probable Reserves 375000 380000 385000

380000 382500

Meters
0 250 500

PT Atlas Resources
JORC RESOURCES AND RESERVES STATEMENT 2011

COAL RESERVE LIMITS

SEAM M122 - MEA NORTH - DKB
Date: Jul 2011 Job No: ADV-JA-03754 Appendix: D-3

573
+DODPDQLQLVHQJDMDGLNRVRQJNDQ
 PT ATLAS RESOURCES
RINGKASAN
LAPORAN SUMBERDAYA DAN CADANGAN
SESUAI KETENTUAN JORC
PT DIVA KENCANA BORNEO
KUTAI BARAT – KALIMANTAN TIMUR

SEPTEMBER 2011

PT Britmindo
Jl. Kemang Timur 60 A, Jakarta, Indonesia
www.britmindo.com

043/RP/IX/2011-Ringkasan
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RINGKASAN
LAPORAN SUMBERDAYA DAN CADANGAN BATUBARA
PT Britmindo (Britmindo) telah ditunjuk oleh PT Atlas Resources (AR) untuk melakukan
pekerjaan estimasi secara independen (selanjutnya disebut “pernyataan”) terhadap
Sumberdaya dan Cadangan Batubara di wilayah konsesi batubara IUP Operasi Produksi PT
Diva kencana Borneo (DKB) terletak di Kutai Barat, Kalimantan Timur, Indonesia.

Sebagai bagian dari pekerjaan tersebut di atas, Britmindo telah menyusun “Coal Resources
and Reserves Statement”, September 2011, sesuai dengan ketentuan-ketentuan pada
petunjuk pembuatan laporan dari “Joint Ore Reserves Committee of the Australasian
Institute of Mining and Metallurgy, Australasian Institute of Geoscientists and Mineral
Council of Australia” (“The JORC Code”), 2004 yang mencakup hal-hal seperti berikut:

Regional Geologi
Endapan batubara di wilayah DKB adalah bagian dari Formasi Pamaluan dan Formasi Pulau
Balang.

Formasi Pemaluan berumur Miosen Awal terdiri dari perlapisan batupasir kuarsa, batulanau,
serpih dan batupasir calcareous, pada bagian atas umumnya muncul lapisan tipis
batugamping. Formasi ini terdapat di bagian Selatan konsesi sekitar 75% dari seluruh area
konsesi.

Formasi Pulaubalang berumur Miosen Tengah terdiri dari perlapisan batupasir kuarsa,
batulanau, batulempung, batugamping dan batubara, mengandung sisipan dasit tuff.
Formasi ini terdapat di bagian Utara konsesi sekitar 25% dari seluruh area konsesi.

Kegiatan Eksplorasi
Explorasi di wilayah DKB telah dimulai sejak tahun 2008 oleh AR. Aktifitas explorasi tersebut
mencakup pemetaan singkapan, pengambilan conto dan analisis kualitas batubara.

Pada periode Desember 2008 sampai Februari 2009, program pemboran awal telah
dilakukan di daerah konsesi. Aktifitas pemboran termasuk pemboran “open” dan inti,
pengambilan conto dan analisis kualitas batubara. Logging geofiska tidak dilakukan pada
tahap pemboran awal ini.

Semua pemboran dilakukan oleh PT Indonesia Carbon Energy dengan menggunakan tiga
unit bor jenis Jacro 75 yang mempunyai kemampuan pemboran hingga kedalaman 100 m.

Berdasarkan hasil pemboran awal, telah diidentifikasi tiga daerah prospek yaitu MEA Utara,
MEA Selatan dan Sangsang di Timurlaut.

Pada periode 2010 sampai 2011, program eksplorasi rinci telah dilakukan di daerah MEA
Utara, MEA Selatan dan Sangsang mencakup pemboran open dan inti, logging geofisika,
pengambilan conto dan analisis kualitas batubara.

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Semua pemboran dilakukan oleh internal Perusahaan dengan menggunakan dua unit bor
jenis Jacro 75 dan Jacro 100 yang mempunyai kemampuan pemboran hingga kedalaman
100m dan 160m.

Logging geofisika di semua wilayah dilakukan oleh PT Surtech Indonesia mengunakan unit
Single Run Logging System (SLS).

Semua analisis conto batubara dilakukan oleh laboratorium PT Geoservices di Balikpapan, di

test berdasarkan standar ISO.

Semua koordinat lubang bor diukur oleh surveyor internal Perusahaan.

Topografi di diukur oleh PT Airborne Informatics menggunakan metoda survey airborne

“Light Detection and Ranging” (LIDAR) dengan akurasi dibawah 1 m. Pengukuran topografi
tersebut mencakup daerah rencana pit dan timbunan tambang.

Daerah MEA Utara

Selama perioda tahun 2008 sampai 2011, di wilayah ini telah dilakukan pemboran sebanyak
345 lubang termasuk pemboran geoteknik, open dan inti. Lubang-lubang bor tersebut
berjarak kira-kira 100 sampai 250 m dan dalam beberapa tempat terdapat paling tidak 2
lubang bor di setiap garis spasinya dan memotong setiap lapisan batubara menghasilkan
gambaran kemenerusan lapisan dan korelasi sepanjang arah jurus dan kemiringan lapisan.
Kedalaman bor umumnya berkisar dari 10 sampai 90 m.

Daerah MEA Selatan

Selama perioda tahun 2008 sampai 2011, di wilayah ini telah dilakukan pemboran sebanyak
65 lubang termasuk pemboran geoteknik, open dan inti. Lubang-lubang bor tersebut
berjarak kira-kira 100 sampai 250 m dan dalam beberapa tempat terdapat paling tidak 2
lubang bor di setiap garis spasinya dan memotong setiap lapisan batubara menghasilkan
gambaran kemenerusan lapisan dan korelasi sepanjang arah jurus dan kemiringan lapisan.
Kedalaman bor umumnya berkisar dari 15 sampai 75 m.

Daerah Sangsang
Selama perioda tahun 2008 sampai 2011, di wilayah ini telah dilakukan pemboran sebanyak
110 lubang termasuk pemboran geoteknik, open dan inti. Lubang-lubang bor tersebut
berjarak kira-kira 100 sampai 250 m dan dalam beberapa tempat terdapat paling tidak 2
lubang bor di setiap garis spasinya dan memotong setiap lapisan batubara menghasilkan
gambaran kemenerusan lapisan dan korelasi sepanjang arah jurus dan kemiringan lapisan.
Kedalaman bor umumnya berkisar dari 5 sampai 160 m.

Pemeriksaan Data Pemboran dan Model Geologi

Semua data bor yang diperiksa dalam estimasi Sumberdaya dan Cadangan Batubara ini
disusun dan disediakan oleh AR sebagai hasil eksplorasi yang dilakukan selama perioda
tahun 2008 sampai Agustus 2011.

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Dari hasil pemeriksaan data bor, Britmindo tidak menemukan kesalahan-kesalahan yang
fatal dalam data bor tersebut.

Model geologi yang diperiksa dalam estimasi Sumberdaya dan Cadangan Batubara ini dibuat
dan diberikan oleh AR dalam format komputerisasi model geologi.

Model geologi dibuat dalam tiga project terpisah yaitu wilayah MEA Utara, MEA Selatan dan
Sangsang.

Britmindo telah memeriksa model geologi yang diberikan tersebut dan tidak menemukan
adanya kesalahan-kesalahan fatal pada model tersebut dan interpretasi yang dibuat bisa
diterima.

Lapisan Batubara

Wilayah MEA Utara

Hasil program eksplorasi dan pemodelan geologi di wilayah ini telah menunjukkan
keberadaan paling tidak tiga puluh enam (36) lapisan batubara dengan ketebalan berkisar
antara 0.10m sampai 1.37m.

Struktur endapan batubara relatif moderat dengan arah jurus dari Barat-Timur dengan
kemiringan cukup terjal antara 15 hingga 25 derajat ke utara.

Wilayah MEA Selatan

Hasil program eksplorasi dan pemodelan geologi di wilayah ini telah menunjukkan
keberadaan paling tidak tujuh belas (17) lapisan batubara dengan ketebalan berkisar antara
0.30m sampai 2.80m.

Struktur endapan batubara relatif kompleks dengan arah jurus dari Barat-Timur dengan
kemiringan sangat terjal antara 50 hingga 60 derajat ke Utara.

Wilayah Sangsang
Hasil program eksplorasi dan pemodelan geologi di wilayah ini telah menunjukkan
keberadaan paling tidak sembilan (9) lapisan batubara dengan ketebalan berkisar antara
0.29m sampai 1.45m.

Struktur endapan batubara relatif moderat dengan arah jurus dari Utara-Selatan dengan
kemiringan cukup terjal antara 20 hingga 30 derajat ke Timur.

Kualitas Batubara
Kualitas batubara in-situ untuk tiap lapisan batubara yang termasuk estimasi Cadangan
Tertambang untuk setiap wilayah diperlihatkan dalam tabel-tabel di bawah ini.

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Kualitas Batubara In-situ di MEA Utara

TM Proximate Analysis (adb) TS CV

RD Density
Seam ( ar ) IM Ash VM FC ( adb ) ( adb ) ( ar ) HGI
(%) (%) (%) (%) (%) (%) (Kcal/kg) (Kcal/kg) (adb) Insitu
M121 13.04 9.39 9.00 40.59 41.02 0.31 6360 6104 1.33 1.32 45
M120 12.37 9.70 1.75 41.19 46.89 0.21 6888 6685 1.29 1.28 44
M119 11.43 6.99 7.32 47.26 38.44 0.30 6970 6638 1.30 1.28 43
M110 10.98 8.34 3.45 43.73 44.48 0.25 6996 6793 1.29 1.28 49
M109 12.15 9.79 2.85 40.92 46.44 0.43 6809 6629 1.30 1.29 49
M103 10.02 7.36 3.42 44.77 44.44 0.29 7167 6982 1.29 1.28 48
M102 12.11 7.99 5.37 41.07 45.58 0.31 6988 6680 1.31 1.29 48
M101 12.06 7.75 7.74 38.69 45.82 1.25 6659 6358 1.35 1.33 48
M78 6.56 4.15 5.54 42.34 47.97 2.74 7205 7024 1.32 1.31 50

Kualitas Batubara In-situ di MEA Selatan

TM Proximate Analysis (adb) TS CV

RD Density
Seam ( ar ) IM Ash VM FC ( adb ) ( adb ) ( ar ) HGI CSN
(%) (%) (%) (%) (%) (%) (Kcal/kg) (Kcal/kg) (adb) Insitu
M30L 11.86 3.14 3.76 42.21 50.89 1.86 7,639 6,952 1.28 1.25 41.00 3.8
M40U 7.38 2.85 4.20 42.09 50.85 2.60 7,605 7,249 1.27 1.25 - 2.8
M60 14.18 3.66 8.58 38.11 49.65 0.57 7,098 6,300 1.32 1.28 - 3.5

Kualitas Batubara In-situ di Sangsang

TM Proximate Analysis (adb) TS CV

RD Density
Seam ( ar ) IM Ash VM FC ( adb ) ( adb ) ( ar ) HGI CSN
(%) (%) (%) (%) (%) (%) (Kcal/kg) (Kcal/kg) (adb) Insitu
S3 12.40 2.22 4.22 36.86 56.70 0.96 7,999 7,220 1.27 1.23 68.71 8.71

Sumberdaya Batubara
Sumberdaya batubara di wilayah konsesi diestimasi hingga kedalaman 150 dan hasilnya
seperti diperlihatkan pada table di bawah ini.

Sumberdaya Batubara

Sumberdaya Batubara (Juta Ton)

Area
Terukur Terunjuk Tereka Total
MEA Utara 11.96 4.38 11.39 27.73
MEA Selatan 0.44 0.21 1.33 1.98
Sangsang 1.48 0.03 - 1.51
Total 13.88 4.62 12.72 31.22

Cadangan Batubara
Cadangan Batubara Tertambang diestimasi untuk wilayah MEA utara saja dan hasilnya
adalah seperti diperlihatkan pada table di bawah ini.

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Cadangan Batubara di MEA Utara

Cadangan Tertambang (JT)

Terbukti Terkira Total
6.41 0.49 6.90

Rencana Jadwal Produksi

Perencanaan tambang dan penjadwalan produksi dibuat untuk pit di wilayah MEA Utara.
Jadwal produksi mencakup 10 tahun rencana umur tambang dengan strip ratio 23.35 : 1.

Perencanaan tambang menjadwalkan kuantitas penggalian batubara dan volume tanah

penutup sesuai sasaran strip ratio.

Perencanaan tersebut menetapkan produksi awal sekitar 0.12 JT dimulai di tahun 2011 di
wilayah MEA Utara, kemudian meningkat menjadi sekitar 0.8 JT di tahun 2015 dan
seterusnya produksi ditingkatkan lagi menjadi sekitar 1.2 JT dimulai di tahun 2016 kemudian
dilanjutkan dengan produksi tahunan yang sama jumlahnya hingga tahun 2020.

Evaluasi Ekonomis
Evaluasi ekonomis untuk keperluan biaya awal dan biaya operasi pengembangan proyek
tambang telah dibuat dengan beberapa asumsi.

Biaya produksi untuk Cadangan yang diestimasi telah dibuat berdasarkan penambangan
yang dilakukan oleh kontraktor tambang.

Batubara akan ditambang dari pit dan diangkut ke tempat penyimpanan batubara
tertambang (ROM), kemudian dari tempat tersebut akan diangkut melalui jalur darat dan air
ke tempat pengapalan di lepas pantai.

Jalur jalan darat adalah menuju pelabuhan muat yang berada di Manau dan Tepian Ulak
kira-kira berjarak 30 km ke arah timur dari wilayah penambangan.

Di pelabuhan tersebut, batubara akan disimpan dan kemudian dimuat ke dalam tongkang-
tongkang dan selanjutnya diangkut lewat jalur air dari Tepian Ulak menuju tempat
pengapalan di lepas pantai Muara Jawa yang berjarak sekitar 194 mil laut.

Perkiraan biaya awal dan biaya produksi dibuat untuk operasi tambang 1.2 JT per tahun. Hal
ini dianggap dapat dilaksanakan dengan modal awal yang cukup, umur tambang yang cukup,
logistik yang memadai serta pilihan tranportasi yang dapat diterima.

Biaya awal diperkirakan sebesar US$6.5 juta dengan biaya operasi sebesar US$101.92 per
ton untuk produksi 1.2 juta pertahun.

Model Ekonomi wilayah MEA Utara telah dibuat untuk rencana umur tambang termasuk
pembayaran 5% royalti pemerintah dan PPN 10% untuk kontraktor.

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Disclaimer
Laporan ini telah disusun oleh Britmindo untuk kepentingan PT Atlas Resources (AR).
Penentuan-penentuan dan asumsi-asumsi yang dinyatakan dalam laporan ini telah disusun
secara profesional dan sesuai dengan cara evaluasi endapan batubara yang dapat diterima
secara geologi dan engineering.

Laporan ini bukan dimaksudkan untuk menunjukkan performance atau potensi komersial
dari proyek ini. Oleh karena itu, setiap keputusan komersial untuk berinvestasi dalam
proyek ini seharusnya tidak hanya didasarkan pada isi dari laporan ini, tapi harus ditunjang
oleh verifikasi tambahan potensi proyek ini untuk meningkatkan keyakinan potensi
ekonomis dari proyek ini.

Isi dari laporan ini bersifat rahasia dan hanya untuk digunakan oleh AR dan pegawainya saja.
Penggunaan sebagian atau seluruh laporan ini atau data di dalamnya oleh pihak lain tidak
diperkenankan tanpa ijin langsung dari pihak AR atau perwakilannya yang ditunjuk.
Britmindo tidak bertanggung jawab atas penggunaan sebagian atau semua isi laporan ini
oleh pihak lain.

Ringkasan ini dibuat sebagai terjemahan dari Executive Summary laporan “PT Atlas
Resources, PT Diva kencana Borneo, Kutai Barat – East Kalimantan, Resources and Reserves
Estimation, Reported in Accordance with JORC Code”, September 2011, by PT Britmindo.

Achmad Hawadi

043/RP/IX/2011-Ringkasan

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