Home / Directory / List News / Detail News

Golden Eagle Energy (SMMT) Will increase Coal Production

www.industri.kontan.co.id

Tue 06 Sep 2022, 12:13 PM

Share

Events

PT Golden Eagle Energy Tbk ( SMMT ) will increase coal production for the second half of this year.

SMMT Corporate Secretary Susanti Nilam explained that the planned production increase was carried out in line with the positive performance that was successfully recorded by Golden Eagle Energy in the first semester of 2022.


"The production in the first half was around 1.5 million tons. The company managed to exceed the production target set at the beginning of the year, especially the Sumatra mine which managed to record production of around 1.2 million tons in the first semester of 2022," Susanti explained to Kontan.co.id , Tuesday (6/9).

Susanti continued, with this production score, SMMT is also optimistic that production in the second half of 2022 will match the achievement in the first half of this year. 
This means that this year's coal production target is 3 million tons. For this reason, SMMT has also submitted a revision of the 2022 Work Plan and Budget (RKAB) to increase the amount of production.

Kontan.co.id noted that SMMT targets coal production to reach 2.4 million tons this year. 
Meanwhile, in the revised RKAB that has been proposed, SMMT targets a production increase of at least 35% from the initial target. Susanti explained, in the rest of this year, Golden Eagle is still anticipating the impact of high rainfall in production activities.

"SMMT also anticipates a surge in production costs, especially due to the high price of diesel fuel to date and also the increase in royalty rates to the government which will be effective in September 2022," Susanti explained.
Referring to the company's financial report, SMMT posted sales of Rp 474.69 billion in the first semester of 2022. This achievement jumped 162.43% on an annual basis from the achievement of the same period in the previous year of Rp 180.87 billion.

Meanwhile, SMMT's net profit in the first semester of 2022 was recorded at Rp 189 billion, or an annual increase of 328.77% compared to the same period in the previous year of Rp 44.08 billion.

Source:https://industri.kontan.co.id/news/golden-eagle-energy-smmt-bakal-kerek-produksi-batubara

Advertisement

Relate News

News
07 Oct 2022, 08:00 AM

PTBA Continues to Digitize Mining Operations

id.investing.com
2796 Views
News
20 Feb 2024, 14:40 PM

MIND ID Group Records Positive Growth in 2023

Pos Kota / Illustration
2887 Views
News
23 Jun 2022, 09:56 AM

Repaying Innovate Capital, BUMI to issue a private placement

www.idnfinancials.com
2618 Views
News
29 Mar 2023, 12:00 PM

BUMI recorded 138% shift in profit in 2022

www.idnfinancials.com
2574 Views
Hello! We would like to talk to you.Please fill the details below to start chatting with us.