MINING
The mining business line is one of the main pillars in the Company’s business structure. This activity is carried out through subsidiaries focused on coal exploration, production, and trading, both for domestic and export markets.
The Company is one of the key players in Indonesia’s coal mining industry, with proven thermal coal reserves of 0.9 billion tons. Mining operations are conducted through two main subsidiaries:
- PT Golden Energy Mines Tbk (GEMS) – supplies coal for industrial needs, both domestically and for export.
- PT DSSE Energi Mas Utama – supplies coal specifically to Independent Power Producers (IPPs).
This dual-track business model offers flexibility in marketing while also strengthening reach in both domestic and international markets.
Expansion and Operational Network
Since beginning operations in 1997 and listing on the Indonesia Stock Exchange in 2011, GEMS has continued to expand its operational network. Currently, GEMS holds several mining concession areas in strategic provinces:
- South Sumatra
- Jambi
- West Sumatra
- South Kalimantan
- Central Kalimantan
GEMS operates through its subsidiaries: PT Borneo Indobara (BIB), PT Kuansing Inti Makmur, and PT Barasentosa Lestari.
Mining Capacity and Infrastructure
The Company manages concession areas totaling approximately 66,000 hectares with integrated mining infrastructure that supports smooth distribution from upstream to downstream. Facilities include:
- Dedicated coal hauling roads
- Dedicated ports with loading facilities
- Infrastructure supporting efficient distribution chains
Sustainability and Responsible Practices
The Company conducts mining activities with a strong emphasis on sustainability principles, including:
- Reclamation and revegetation: Restoring post-mining land.
- Environmental conservation: Preserving biodiversity and minimizing environmental impact.
- Occupational Health and Safety: Enforcing high standards to ensure employee safety.
- Corporate Social Responsibility (CSR): Implementing social and economic development programs around operational areas.
2024 Performance and Contribution
In 2024, coal production reached 53.1 million tons, making the mining business the largest contributor to company revenue. With a contribution of around USD 2.7 billion, or 92% of total revenue for the year, this pillar plays a strategic role in supporting national energy security and ensuring sustainable growth.
Development Strategy
Going forward, the Company is committed to maintaining its competitive edge through improved operational efficiency, increased mining digitalization, and market diversification. A focus on sustainability also remains a top priority, aligned with the Company’s commitment to environmental and social responsibility.