PT Golden Energy Mines Tbk (GEMS) is not concerned about the potential weakening of coal commodity prices. GEMS Corporate Secretary, Sudin Sudiman confirmed, GEMS is still sticking to the production target that has been announced by the company. Meanwhile, an evaluation of the new target revision options will be carried out in the second half of the year. "Because prices cannot be controlled due to market mechanisms, management is more focused on production and sales targets," said Sudin to Kontan.co.id Monday (27/2). On a consolidated basis, GEMS has obtained approval from the Ministry of Energy and Mineral Resources (ESDM) to produce 40.3 million tons of coal based on the Work Plan and Budget (RKAB). In detail, the consolidated production plan comes from the production plan for Borneo Indobara (BIB) 36 million tons, Bara Sentosa Lestari (BSL) 2 million tons, and PT Kuansing Inti Makmur (KIM) 2.3 million tons. Later, the production results will still target the company's existing market target. "The target market remains China, India and Asean," said Sudin.
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Golden Energy Mines (GEMS) Focusses on Maintaining Performance Amid Sloping Coal Prices
industri.kontan.co.id
Mon 27 Feb 2023, 12:00 PM
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