Comparative Statement of Cost - Port, CPP & OLC Assets

Notes:
1. Third Party rates for Coal Hauling to Port (comparative for OLC) includes the
construction and maintenance Cost of Hauling Road assuming the life of Road is 6
Years. The Hauling Road construction cost is assumed on greenfield basis, however,
actual cost incurred is much lower as the existing road has been upgraded for heavy
vehicle transportation. In any case, the impact will be 3-4 cents.
2. Third Party rates for Coal Hauling to Port (comparative for OLC) will increase with
the increase in Fuel Rate.
3. Third Party Crusher rates (comparative for CPP) are of smaller capacity and old
technology Crushing Plants
4. The OLC & CPP has been exclusively constructed for Arutmin and will provide
better performance than third Party Contractors due to quality of the Infrastructure
and inhouse maintenance.
5. The OLC will even ensure continuous supply of Coal to Port even in the rainy
season.
6. CBU was mainly planned for the following reasons:
a) To increase the Coal unloading capacity at NPLCT Port which was limited to
approx 13 Mn Tons whereas Loading capacity is approx 20 Mn Tons.

b) To reduce dependence on SDB and FTB as NPLCT can handle & unload Coal
only from these type of Barges only whereas CBU can unload Coal from other
Barges as well.
7. The 3rd Party rate / cost for Blending Floating Crane (comparative for CBU) will
be reduced by additional Barging Cost to bring the additional quantity of Coal to
NPLCT. This amount (addl. Cost) will depend on location from where this additional
Coal be coming to NPLCT.
8. Arutmin will have to incur additional Cost for running and maintaining the Assets,
which is not included in "Rate to PT NPT / PT MP" above.

BANGUN ARTA CRUSHER

Assumption
Fuel base
Exchange rate
base

Rp/lt

9.500

Rp/US$

9.500
Contra
ct

Asam-asam

Descripti
on
BA
Crusher
#1

0,57

5.565

Asam-asam

BA

0,57

5.565

Location

Fuel
base

Exchange
Rate base

Adjuste
d ($)

Adjuste
d (Rp)

9.097

0,61

5.838,8
4

9.097

0,61

5.838,8

Crusher
#2

Kintap

BA
Crusher

0,68

5.565

9.097

0,73

6.965,6
4

Asam-asam

PCMU
Port

4,54

8.750

9.500

4,58

43.524

Coal Hauling
Distance
(by DH)

Asam-asam

Actual Distance
After
Commencement
of CPP & OLC

Pit to ROM Crusher

km

4,85

2,30

ROM Crusher to Port

km

9,30

8,50

14,15
DH General Escalation
DH Fuel Escalation

%
%

ROM Crusher to Port by

DH (9.3 km)
Coal Hauling
HRM

$/t
$/t

$
$

1,97
0,16

$/t

0,32

Loader cost at crusher

Dozer & Loader rental
at port (2 loader, 1
dozer)

$/month

Kintap

Pit to ROM Crusher

1,1674
1,0013

200.000
Coal
Hauling
Distance
(by Pama)

km

10,80

$
0,32

200.000
Actual Distance
After
Commencement
of CPP & OLC

1,50

2
,00

ROM Crusher to Port

km

7,00

6
,00

8,50

8
,00

Pama
General
Escalation
Pama Fuel Escalation
ROM Crusher to Port by
Pama (7 km)
Coal Hauling
HRM
Loader rental at crusher

1,0221

1,1285

$/t
$/t
$/month

2,48
0,08
180.000

180.

000
Dozer & Loader rental
at port

$/month

130.000

130.
000

RTR

Adjusted mining rates based on the monthly fuel

price adjustment
OTR
The contract mining rates as stated in Schedule 2
Pricing and Payments or as varied by contract
variation
FC
Fuel component is 33% of mining rates
CFP
Contractual Site delivered fuel price (Rp/liter) for
the relevant operational/production month
inclusive VAT, PBBKB and other taxes plus transport
cost or other rate as agreed by the parties.
OFP
Initial fuel price at 1st December 2010 Rp 6500/lt
OER
Initial Exchange IDR/US Dollar Transaction middle
rate as published by Indonesian State Bank at 1st
December 2010 Rp 9032/US$
CEC
Current
exchange
rate
for
the
relevant
operational/production month, being the average of
the buying and selling rate as published by Bank
Indonesia on the last Business Day of the relevant
month.
TOTAL ESCALATION %

33%
9500

6500
9032

9500

1,1285