MINING

The Company carries out its business activities in thermal coal mining and trading through PT Golden Energy Mines Tbk (GEMS) and its subsidiaries, as well as PT DSSE Energi Mas Utama and its subsidiaries. The main mining concessions owned by GEMS and PT DSSE Energi Mas Utama and their subsidiaries are located in South Sumatra, Jambi, Central Kalimantan, and South Kalimantan.  

As of December 31, 2023, the Company, through its subsidiaries, owned total proven and probable thermal coal reserves of more than 1.07 billion tons, with the following specifications: The Company, through its subsidiaries, recorded a total volume of coal production of 56.3 million tons, or an increase of 12.1% compared to the total volume of coal production in 2022 of 50.3 million tons. The revenue generated from the coal mining and trading business was USD 4,673.4, contributing 93.2% of the Company’s total income for the year. 

Geographical Presence

Supply Chain and Process Flow