WORKING CAPITAL FOR MINING ECOSYTEM
40 - 60% of vendors in a mining ecosystem are contractors. Payment from the employer to the contractor is made based on the results and quality of work. The contractor must work in advance to be able to prove the results can be accepted by the employer. Need time by the contractor to cycle his operational funds. For this reason, working capital facilities become one of the important alternatives.
Ferry Hadian M Ahmad
6/29/20261 min read
40 - 60% of vendors in a mining ecosystem are contractors. Payment from the employer to the contractor is made based on the results and quality of work. The contractor must work in advance to be able to prove the results can be accepted by the employer. Need time by the contractor to cycle his operational funds. For this reason, working capital facilities become one of the important alternatives.
Working capital facilities can be prepared by Perusahaan Pembiayaan (PP) to ensure the readiness of equipments and human resources. Equipments in the form of; 1), mobilization/transportation; 2), fuel availability and spare parts; 3), equipments maintenance. Human resources; 1), shelter; 2), food; 3), salary; 4), health insurance etc.
Working capital facilities by PP can be done through the preparation of cash funds and procurement of goods. Cash funds can be provided through a scheme; 1) Sale & Leaseback; 2), Anjak Piutang (Factoring); 3), Fasilitas Modal Usaha (FMU). Purchase of goods can be done through Pembelian Dengan Skema Angsuran (Installment Financing).
Without the readiness of working capital, it is impossible to achieve production and quality of yield. Working capital becomes a determining factor in the success of a mining ecosystem. Working capital costs become one of the contributors to the selling value of the final mining products. For this reason, the determination of interest rates for working capital must be calculated carefully.