Timah Tbk Research Articles

Optimization of the flowering stage by using stimulants of calcium carbide and paclobutrazol on pineapple at post tin mining area

Bangka Island is the potential to increase pineapple production because of the availability of marginal land caused by tropical tin mining. The success of pineapple cultivation is determined by the formation of flowers that will become fruit. The flowering process can be accelerated using carbide and paclobutrazol. This research aimed to study the effect of Calcium carbide and paclobutrazol application as a flowering stimulant for flowering initiation and yield of pineapple in the post tin mining area. This research was conducted from January 2018 – July 2019 located in post tin mining area owned by PT Timah Tbk, Dwi Makmur Village, Merawang Subdistrict, Bangka Island using an experimental method with randomized block design with a single factor which was a type of flowering stimulant consist of calcium carbide [Calcium carbide] [P0] and paclobutrazol [P1]. The result showed that both of flowering stimulant gave significant effect to flowering time, fruit diameter, fruit length, fruit weight with crown, and fruit weight without the crown of pineapple. The fastest flowering duration showed in the pineapple with Carbide application in the post tin mining area.

Evaluasi Kinerja Pemindahan Overburden Ditinjau Dari Produktivitas Alat Gali- Muat dan Alat Angkut di Front Kerja 2 TB 2.2 Tempilang Kabupaten Bangka Barat Mitra PT Timah (Persero) Tbk

TB 2.2 Tempilang is managed by partner of PT Timah (Persero) Tbk. Mining system that applied is asystem of mechanical mine, where mining activities carried out by moving the overburden materialprior to mine kaksa layer. The problem that occurs was the productivity of conveyance on the actualcondition only 98.76% of target had been determined, which led to their failure in overburden removalvolume amounted to 1.24%. Therefore, it was necessary to do an evaluation of the performanceaffecting factors of load haul equipment and conveyance in the field. Evaluation was carried out bycalculating the value of productivity, work efficiency and Match factor. The data required includedcycles time data, effective working time, the amount of bucket loading, the type of overburden materialand haul road geometry. Then the data was processed using the formula of mechanical soil removaland analyzed based on the literature related to the problem. The factors causing productivityconveyance has not reached the target after the evaluation due to low efficiency of work, the leastamount of bulk bucket loading, and the low value of match factors. The Alternatives can be done toimprove the productivity of conveyance is to increase the effective work time, additional of bucket loadhaul equipments and additional of conveyances. Effective work time should be increased from 12.34hours to 14.23 hours, so the work efficiency become 79.03% from 68.58% to the achievement ofproduction is 113.80%. Bulk bucket should be added from 15 times to 20 times, so the productivitybecome 131.68 m3/hour of 98.67 m3/hour. Conveyance which is originally 2 units coupled into 3 units,resulting in a change of match factor equipment performance from 0.69 to 1.04 with the achievementof production is 141.14%.

Kajian Teknis Metode Backfilling Dengan Cara Mekanis Pada Penambangan Timah Alluvial Di TS 1.44 Mapur Kecamatan Riau Silip Kabupaten Bangka Induk PT Timah (Persero) Tbk

Open pit mining system for the class under TB as TS has reserves of alluvial tin, so that the postmining activities in particular using the backfilling method. Backfilling method that would be examined wasthe backfilling method by mechanial means. The study was conducted in TS 1.44 Mapur PT Timah(Persero) Tbk. Data processing to be performed was the cycle time calculation of heavy equipmentsuch as excavator, dump trucks and bulldozer using to measure time of backfilling, time of stripping,production capacity and match factor. The calculation of machine cost to calculation cost of backfilling.The measurement hole of backfilling and stripping to calculation the volume of backfilling and the volumeof overburden. Calculation time for persentage of effeciency work tools. Based on research obtainedbackfilling activities was a stage open new worked front that stripping, used the excavator loading materialinto a bath of dump truck, dumping into the hole in backfilling and leveled material used bulldozer.Backfilling volume of 171.390 m3 from pegs base and 87.000 m3 from TLR, have a difference of 84.390m3. Backfilling for 41 days with the cost of Rp 675.100.000. Stripping volume of 150.000 m3 to 63.000 m3of excess soil and stripping for 70 days. Production capacity of excavator 49.364,17 m3/month, dumptrucks 39.491,33 m3/month and bulldozer 300.249,09 m3/month. Effeciency of three equipment by0.786%. Match factor results by 72%, means unloading excavator having waiting time while dump truckwork 100%. The production of less than the maximum, so we need the add of 1 unit of dump truck so thatthe tools fit the excavator does not happen the wait time, dump trucks became to 4, it 96% or MF = 80% -100% and productifity would be maximum.

Kajian Teknis Sistem Penerisan Tambang Di Front 2 TB 2.2 Tempilang Bangka Mitra PT Timah (Persero) Tbk

Tin ore mining activities in Front 2 of 2.2 Tempilang Large Mine was operated by business partnerof PT Timah (Persero) Tbk, PT Bahtera Sarindo Utama used Open Pit Mining Method with mechanicalsystems. Open Pit Mining Method would eventually form a large basin, so that would become a placefor air accumulation at the base of mine site, applied drainage system used Repressive KuruativeDrainage System by allowing water to pour into the mine and then concentrated on the front sump andthey would be removed from the mine using pumping systems. Rainfall data used included amaximum rainfall data with period of 2005-2014, the calculation of rainfall plans used Gumbeldistribution and calculation of rainfall intensity with Mononobe Equation, but for the period of rain istaken with the 2-year period. From the research, the existing sump had capability to retain water with avolume of 79.5 m3 and existing pumps had the capacity of 86.4 m3/h, while the total water poured inthe mine was 2172.588 m3/day with total of catchman area was 64085.442 m2. To improve drainagesystem performance on Front 2 of 2.2 Tempilang Large Mine, dimensional sump need to be repairedwith a capacity of 1267.336 m3 to bring outwater volume plan outside of work time (14 hours) and analternative pump was add 1 unit of recommendation pump with the same type such as Mitshubisi6D16 gravel pump (engine) with a pump capacity of 154.8 m3/h, but the actual pump was still beingused so that with the use of two unit pump acquired total pump capacity was 241.2 m3/h with thelifetime of pumping was 9 hours to remove the water 2172.588 m3/per day.

Perencanaan Kebutuhan Alat Gali-Muat dan Angkut dengan Kapasitas Ore Getting 200 m3/jam pada Rencana Penambangan PT Timah (Persero) Tbk

PT Timah (Persero) Tbk is a company engaged in mining especially tin. Tin is one of the most important deposits in the development of world technology. PT Timah (Persero) Tbk has an important role in the procurement of tin in the world. In mining, the mine planning stage is very important before the exploitation stage. At the planning stage of a mine will be planned in such a way as to obtain optimal results. One of the stages of mine planning is the planning of the required load equipment and haul equipment. PT Timah (Persero) Tbk plans to open a mine with open pit system that is using mechanical equipment in Mining Permit Area of West Bangka Regency, Bangka Belitung Islands Province. The mine plan has an ore-gain capacity of 200 m3/hour, requiring the planning of load and haul equipment to meet the ore getting capacity and stripping of overburden and haul geometry in general. Based on the factors that exist in the mine, the load equipment used is the excavator and haul equipment used is Articulared Dumpt Truck. By taking the cycle time as a reference and then converted by the distance of overburden stripping and ore getting activity every year, then can be known the productivity of equipment and the amount of equipment required each activity every year. The number of equipment required is at least 1 load equipment and 4 haul equipment, while the most are 4 load equipment and 13 haul equipment. The geometry of the haul road based on the specification of the haul equipment at the location of the plan has the width of the haul road on a 12 meter straight road, the haul road width at 21 meters, and the 9,1 meter bend radius

Analisa Kestabilan Lereng Menggunakan Metode Fellenius Secara Manual dan Software Slide Rocscience 6.0 (Studi Kasus : TB 1.42 Pemali PT Timah (Persero) Tbk

A hill slope is a part of a mining, especially mining by Open Pit Method. The TB 1.42 Pemali PT Timah (Persero)Tbk, which is often referred as the TB 1.42 applies the open it method in its mining, hence the condition of the hill slope greatly influences the mining Safety because hill slope instability can cause avalance. Hance, the hill slope stability has to be calculated.The calculation is performed to get the value of the safety factor (FK) and to understand the slope’s condition. This calculation can be done using yheFelleniusMethod, either manually or using,SoftwareSlideRocscience 6.0. The FelleniusMethod requires the shear strength parameter in the calculation, therefore a laboratory testing is performed using direct shear test ASTM D-3064-04. This test generates the value of cohesion (c),the angle of internal friction (ɸ) and the soil density (γ) of a soil sample taken from the field.Basedon the research the front south slope TB 1.42 Pemali have sandy loam lithology (Slope LT01), clay (Slope LT02 dan LT03), and gravelly clay (slope LT04). Based on the Fellenius Method, the value of FK for the slope is affected by the slope’s angle and shear strength parameter ( c and ɸ). The analysis conducted in this study showed that of the four slopes that are observed, there are two unstable slopes, which are slope LT02 with FK amounted to 0,809 (manual) and 0,877 (slide), which is unstable ; and the slope LT03 with FK amounted to 1,056 (manual) and 1,070 (slide), which is in critical condition. In order to solve the instability of the slope, PT Timah (Persero) Tbk. Can alter the slope’s geometry and install a grouted tieback anchors at unstable slopes.

Pendugaan Potensial Penyebaran Mineralisasi Sumberdaya Timah Primer Menggunakan Metode Geomagnetik Pada Wilayah IUP PT TIMAH (Persero) Tbk Di Desa Pengarem Kecamatan Tukak Sadai Kabupaten Bangka Selatan

Exploration is a phase before mining activity which is to know, estimate, and attain the measurement, shape, position, average ore content, and also the amount of minerals reserved sediment which are to know economic value. Based on the discovered outcrop, IUP PT TIMAH (Persero) Tbk located in Pengarem Village, Tukak Sadai District, South Bangka it is allegedly has potential source of cassiterite reserved sediment . in case to know the potential zone of source and the spread direction , it is needed to do exploration, one of it is by using geomagnetic method. By using 2 units of magnetometer tool along with base magnetometer application and mobile magnetometer to read (suseptibility) stones magnetic and minerals under the surface. The number of reading lines is 17, distance of the reading point is 10 m, with the number of reading point is 1587, the length of lines is 59 m. Based on the result of reading the geomagnetic method in Pengarem Village with IGRF value is 43204,2 inclination corners -23,493 declination 0,616 which are already corrected by Oasis Montaj V6.4.2 software owns variety value of suseptibility. The highest value is 52,1 nT and the lowest is -36,2 nT. The magnetic anomali contour map that is produced shows that there are potential zone and spread direction of cassiterite source from southwest to northeast. Analysis and conclusion based on geology data.

ANALISIS MENGENAI KEKUATAN HUKUM RISALAH RAPAT TERKAIT DENGAN PERJANJIAN OTENTIK DAN GUGATAN WANPRESTASI

An agreement is an event where a person promises to another person or where two people promise to do something. In an agreement, there are several legal aspects that become a condition for the agreement to be valid before the law. if one party does not implement one of the aspects of the agreement then that is known as a default. Breach of contract in a limited liability company that makes a contract with another limited liability company still has the possibility to be resolved in a minutes of meeting as in the event between PT Somit Trikonad and PT Timah Tbk. in this case we can see the force in effect of the minutes of the meeting in the agreement made by a limited liability company. Apart from the minutes of the meeting, it can also be seen that the valid force of the authentic deed in an agreement and the impact of the negligence of one party to the contract made.

The Study of the Effect of Final Tin Slag as Partial Substitution in Portland based Concrete towards Corrosion Resistance of Reinforcement Steel against Chloride Environment with Linear Polarization Method

The final tin slag is the final product of the tin smelting process which contains oxide compounds such as SiO2, CaO, Al2O3, and Fe2O3 which have similarities to the content of the oxide compounds found in Portland cement (OPC). The existence of the final tin slag has not been widely used. For that reason, the final tin slag will be very useful if it is used as a cement substitute as a raw material for making concrete. This study aims to analyze the resistance of cement and steel reinforcement mixtures on concrete to a corrosive environment using linear polarization method. In this study, the composition of the final tin slag used was 10%, 20%, 30%, and 40%. The final tin slag used came from PT. Timah Tbk on Bangka Island Indonesia. Then, the 0.5 w/c ratio concrete will be cured for 28 days and will be immersed with a 3.5% NaCl solution for 6 days. The results presented that the reinforcement steel embedded in concrete OPC60-FTS40 was the sufferest towards corrosion since it had the highest corrosion rate in each immersion day among all the concrete samples and followed by OPC80-FTS20, OPC70-FTS30, OPC100, and OPC90-FTS10 in six days of immersion.

Analisis Keberhasilan Reklamasi berdasarkan Keputusan Menteri Energi dan Sumber Daya Mineral Nomor 1827 Tahun 2018 pada Lahan Bekas Tambang Air Jelitik 3 PT TIMAH Tbk Kabupaten Bangka

PT Timah Tbk is a mining industry company which produces the tin metal. A mining former area which is chosen as the research location is Lahan Air Jelitik 3. This research aims to analyze the success of Lahan Air Jelitik 3’s reclamation based on Matrik 16 and Matrik 17 of Keputusan Menteri Energi Sumber Daya Mineral Nomor 1827 Tahun 2018. The research starts with collecting the primary data which consists of 43 and 29 coordinate points of Lahan Air Jelitik 3’s adjustment and revegetation, the length and width of 22 erosion in Blok 1, 24 erosion in Blok 2 and 4 landslide in both blocks, the height and diameter of 35 primary plants and the length of 5 cover crops. Those primary data and secondary data are processed by calculating the broad realization of Lahan Air Jelitik 3’s adjustment and revegetation, the amount of plants, the average of plant’s height and diameter, the stability of area and valuating the success of adjustment area, the success of revegetation, the success of last completion based on Matrik 16, also calculating the success reclamation value based on Matrik 17. The result of data processing shows the success value of adjustment and hoard area is 0.5, top soil’s spreading is 0.91, erosion and sedimentation’s control is 0, cover crop’s revegetation is 0.86, fast growing plant’s revegetation is 0.1765, local plant’s revegetation is 0.726, acid mine drainage’s management is 0, plant’s closure is 0.1059 and plant’s maintenance is 0.333. The reclamation’s success percentage 50.65% in Lahan Air Jelitik 3 PT Timah Tbk shows that the reclamation in that area is not good enough and the area needs improvement especially in plant’s maintenance, erosion and sedimentation’s control and acid mine drainage’s management.

Technical Evaluation of Associated Tin Minerals Processing at Bidang Pengolahan Mineral (BPM) Unit Metalurgi Muntok, PT Timah Tbk

Since 2017 PT Timah Tbk has been processing residual ore (SHP) with low tin content of ± 10-30% wt. In order to increase tin grade and associated mineral products to be high grade (> 70% wt), an evaluation and optimization process is needed on High Tension Roll Separator processing equipment. The evaluation and optimization process was carried out on conductor products, especially index of separation efficiency of cassiterite. Sampling of the feed and the product based on the parameter settings. The feed rate is set at 250, 630 and 2100 gr/10s. The splitter opening is set at 13, 16, 20 cm of magnetic rollers. While the electric current is set at 1, 2 and 3 miliamperes. Mass and grade data are then analyzed by regression and variance statistical methods and optimized by the response surface method. The evaluation results show that only the splitter opening parameters and electric current strength are significant in explaining the product results obtained with a level of hypothesis error of 5%. The results of HTRS optimization show that the best parameter conditions are in the <1.5 ampere of electric current and <14 cm of splitter openings with schulz’s efficiency capable of >90% in second order of central composite design.

An analysis of the optimalization of bucket series against soil removal rate at The Dredger 21 Singkep 1 in PT. Timah (persero) tbk, Bangka Sea Mining Unit of Bangka Belitung Province

Dredger 21 Singkep 1 is a ship that serves to conduct excavation of tin ore offshore. The dredger is equipped with digging tools such as bucket, ladder, ladder roll, onder roll and other supporting tools that are connected to become one unit that is called bucket series. The bucket series is the main tool of the excavation process which continuously operates that has an impact on the depreciation of the performance capability of the equipment so that it is necessary to conduct an analysis of optimization of the bucket series in order to operate optimally and the targets of the work plan of the removal rate of the soil can be achieved. Based on the observation and data analysis on the field it is known that the applied ladder suppression is 0.46 meter at the top soil and 0.26 meter at tin-borne layer which results in 229.54 m3 / hour of soil removal rate which is very far from the target of the planned work of the soil removal rate determined by the production team of 389 m3 / hour, so to fulfill the work plan of the LPT the ideal ladder suppression that must be applied is 0.57 meter for top soil and at the tin ore is 0,31 meter, out of this ideal ladder suppression, is obtained the removal rate of the soil of 408.25 m3 / hour. In addition to that, the ideal length of the steek to achieve that removal rate of the soil should be at the average maximum length of 1225 mm.

PENGARUH PENDANAAN INTERNAL DAN KEMAMPULABAAN TERHADAP PERTUMBUHAN PERUSAHAAN (Studi Kasus pada PT. Timah Tbk. dan PT. Aneka Tambang Tbk.)

The objective of this research is to understand the influence of retained earning and profitability to the growth of the company, to know the significance internal fund and profitability to the growth of the company with partial and to know the significance internal fund and profitability to the growth of the company with simultant. Projection that is used for internal fund is retained earning, profitability is return on equity (ROE), and the growth of the company is growth (g). Data used are the two mining companies for 5 years starting from 2004 until 2008Analysis methods used are coefficients correlation for the relationships between the variables, coefficients determination to measure the closeness relationship among the variables, regression coefficients to measure the influence of the free variables are bound variables, and ratio analysis to determine the size of the portion of each variable. Results of research on PT Timah Tbk and PT Aneka Tambang Tbk is (a) for t test internal fund with proxy retained earnings has a significant influance to the growth of the company with proxy growth, (b) for t test profitability with proxy return on equity doesn’t has a significant influance to the growth of the company with proxy growth, and (c) for f test internal fund with proxy retained earnings and profitability with proxy return on equityhas a significant influence to the growth of the company with proxy growth. Keywords : internal fund, profitability, growth of the company

ANALISIS KEBIJAKAN DIVIDEN DAN KEMAMPULABAAN TERHADAP NILAI PERUSAHAAN (Studi Kasus pada PT. Tambang Bukit Asam Tbk. dan PT. Timah Tbk.)

Intention of research this is the to know dividend policy relation to company value, to know relation profitability to company value and know dividend policy relation and profitability with in simultaneous to company value. Method of analysis and relation measurement and influence between variable in this research by using correlation coefficient, determinant coefficient and regression coefficient. Research Result this is the (a) Dividend policy with proxy dividend per share have relation and influence significant to company value with proxy stocks market value at PT Timah Tbk by significant level 0,0151. but at PT Tambang Bukit Asam Tbk not haves relation and influence significant by significant level 0.4448, caused by factor external that is unfavourable economy condition. b) Profitability with proxy earning per share have relation and influence significant to company value with proxy stocks market value at PT Timah Tbk by significant level 0,0158 but at PT Tambang Bukit Asam Tbk not haves relation and influence significant by significant level 0.4805 , Caused by factor external like unfavourable economy condition. (c) Last dividend policy with proxy dividend share and profitability with proxy earning per share in simultaneous have relation and influence to company value with proxy stocks market value at PT Timah Tbk by significant level 0,0635, but not have relation and influence significant PT Tambang Bukit Asam Tbk by significant level 0,1341, caused by factor external like unfavourable economy condition.Key word: dividend policy, profitability and company value

Environmental Accounting Treatment in Mining Company

The environmental problem in Indonesia is an important factor to be considered considering the impact of poor environmental management is becoming more apparent nowadays. The choice of environmental problems in this study is because this problem is closest to human life . T he purpose of this resecarh to analyze environmental accounting treatment at PT. Timah (Persero) Tbk which concerns identification, recognition, measurement, presentation and disclosure. This study which conducted use primary and secondary data. This study is decriptive study with qualitative approach which is the method which done by collecting, preparing and analyzing the obtained data descriptively. The result of this resecarh found that environmental accounting treatment h as been very effective. The financial statements of PT. Timah (Persero) Tbk has been in accordance to applicable financial accounting standards. However, the disclosure of the company’s environmental management cost still referring to the financial accounting standards (PSAK 33) which is no longer valid .

IMPLEMENTASI TANGGUNGJAWAB REKLAMASI PERTAMBANGAN TIMAH DI PULAU BELITUNG

Mining is one of the sectors that becomes an economic country’s support until now.&#x0D; Environmental issues is kind of difficult things and can’t even be separated from mining&#x0D; activities. Belitung island is as part of the largest tin-producing province in Indonesia that&#x0D; has been exploited since the 18&#x0D; century. It also has experienced the environmental crisis&#x0D; as well as other mining areas has in Indonesia. This research is conducted as an effort to&#x0D; discover and unravel the problematic implementation of reclamation on the ex-tin mine’s&#x0D; land in Belitung Island by using a conceptual approach and legislative approach. Based&#x0D; on the observation’s result, it shows that the reclamation’s result in Belitung Island has&#x0D; not been successful. Data from PT Timah (Persero) Tbk about the reclamation in Belitung&#x0D; Island also shows that the realization is far from the plan. There is no target that achieved&#x0D; successfully every year, also there is no reclamation that reaches 50 percent, the maximum&#x0D; is only 25 percent in 2016.&#x0D; th

Analisis Atas Annual Report PT Timah Tbk: Studi Interpretive Dalam Perspektif Semiotika dan Retorika

The purpose of this study is to analyze and understand about the integrated annual report (integrated report) of PT Timah Tbk by answering research question about how is the rhetorical aspect and semiotic aspects, that is the aspect of semantic, syntactic, and pragmatic. Interpretive paradigm and semiotic approach is used to analyze the integrated annual report. The data used is integrated annual report of PT Timah Tbk in 2013, 2014 and 2015. This study showed that the semiotic aspects was poured into the points of reporting in the integrated annual report of the company. The integrated annual report of PT Timah Tbk was created by the company as a rhetorical story to build a positive image and to gain legitimacy from its stakeholders.

Pengaruh Current Ratio (CR) dan Net Profit Margin (NPM) Terhadap Return Saham Syariah (Studi Pada Perusahaan Pertambangan Yang Terdaftar Dalam Jakarta Islamic Index Periode 2008-2012)

The purpose of this research is to investigate the significant effect of the variables current ration and net profit margin partially and simultaneously to the return of sharia stock on mining companies that were listed on Jakarta Islamic Index period 2008-2012). The approach that is used is multiple regression analysis technique with two variables current ratio and net profit margin as exogenous variable and return of stock as endogenous variable. The companies that are used for this research are Adaro Energy Tbk, Aneka Tambang Tbk,Borneo Lumbung Energi &amp; Metal Tbk, Bumi Resource Tbk, Elnusa Tbk, Energi Mega Persada Tbk, Harum Energy Tbk, Vale Indonesia Tbk, Indo Tambangraya Megah Tbk, Tambang Batubara Bukit Asam Tbk, Timah Tbk. The data that is used is a secondary data. All data are gathered from the annual financial report of the period 2008-2012.The result is current ratio and net profit margin are insignificant neither partially nor simultaneously to the return of stock.

Analisis Pengungkapan Corporate Social Responsibility Berdasarkan Global Reporting Initiatives (GRI):Studi Kasus Perusahaan Tambang Batubara Bukit Asam (Persero) Tbk dan Timah (Persero) Tbk.

This study aims to provide an overview of the disclosure of Corporate Social Responsibility (CSR) in the mining company's corporate sustainability report. It is also to analyze the disclosure of Corporate Social Responsibility (CSR) in corporate sustainability report with standard Global Reporting Initiatives (GRI) 3.1. Research was conducted in Batubara Bukit Asam (Persero) Tbk. and Timah (Persero) Tbk. on their corporatesustainability report for the year of 2012. The analysis was conducted on the presentation of economic performance indicator, environmental performance indicator, performance indicators of employment and workplace practices, human rights performance indicator, public performance indicator and performance indicator reported products liability provisions established in the GRI 3.1. The result is the two companies havedisclosed CSR in accordance with GRI3.1. Batubara Bukit Asam (Persero) Tbk and Timah (Persero) Tbk have disclosed their performance indicators; and the average has exceeded 75%. However, the disclosure of each indicator and its aspects are not comprehensive.

Analisis Kebijakan Dividen Terhadap Nilai Intrinsik dan Nilai Pasar Perusahaan

Dividend policy is basically a company’s decision in determining how much net income wil be distributed to shareholders as dividend and how much will be retained. Dividend policy is able to influence intrinsic and market value of a company. In this study, the proxy of dividend policy is Dividend Pay-out (DPO) as independent variable and intrinsic value as dependent variable with indicator that is multiplication result of Earning Multiplier (EM) and Company Market Value obtained from stock price data of LQ45 at closing price. The purpose of this study is to identify the relationship between variables, the influence of independent variable to dependent variable, and finally to measure how significant the influence of variable X to variable Y will be, dividend policy to intrinsic and market value of the company. This case study was conducted at PT Aneka Tambang Tbk. and PT Timah Tbk., both are mining company.&#x0D; The results of this study are: 1) Dividend policy proxied by DPO has significant influence and relationship to the intrinsic value of PT Aneka tambang Tbk. But, at PT Timah Tbk., dividend policy to intrinsic value is not significant with alpha as high as 193.064, it’s due to the dividend policy does not influence the intrinsic value, but the intrinsic value is more influenced by EPS. 2) Dividend policy proxied by DPO has connection and fairly significant influence with the company’s market value at PT Aneka Tambang Tbk. But, at PT Tima Tbk., dividend policy to the company’s market value is not significant with alpha as high as 54.859, it’s due to the dividend policy does not influence the company’s market value, but the intrinsic value is influenced dominantly by the company’s market value. The result of the research shows that the dividend policy at PT Aneka Tambang Tbk has impact on intrinsic and market value better than the dividend policy has impact on intrinsic and market value at PT Timah Tbk.&#x0D; &#x0D; Keywords: dividend policy; intrinsic value; market value