Home / Directory / List News / Detail News

Resource Alam (KKGI) Spends USD 2.28 Million for Exploration Activities in 3 Blocks

EmitenNews.com

Tue 10 Oct 2023, 08:00 AM

Share

Events

A coal mining company listed on the main trading board of the Indonesia Stock Exchange (IDX) since July 1 1991, PT Resource Alam Indonesia Tbk (KKGI) carries out regular monthly reports on the results of its exploration in accordance with regulatory regulations.

Referring to the official KKGI statement quoted on Monday (9/10/2023), Agoes Soegiarto, Director of the company, said that his business entity PT Insani Baraperkasa had carried out in-depth exploration in the Handil Bakti Sub Block Area, South Purwajaya Sub Block and Separi Block.

Until September 2023, the Company has spent USD 2,285,279 (USD 2.28 Million) for its mining exploration activities.

Furthermore, in the future, geological mapping and land acquisition will be carried out for the Loajanan Block to determine potential mining sub-blocks.

Then the partial block is still being studied for drilling and the process of borrowing and using part of the block area.

"All blocks in PT Insani Baraperkasa's PKP2B for the production stage have received approval from the Minister of Energy and Mineral Resources (ESDM)," said Agoes.

In terms of performance, Resources Alam Indonesia (KKGI) managed to record net sales of USD 176.59 million until the first semester of 2023 or the period 30 June, meaning that performance managed to increase compared to the same period in 2022 of USD 109.93 million.

Meanwhile, net profit for the year attributable to owners of the parent entity was USD 27.38 million, up from net profit for the year of USD 19.97 million.

The company's performance report also noted that total liabilities reached USD 58.16 million for the period 30 June 2023, up from total liabilities reaching USD 47.25 million for the period 31 December 2022. KKGI also noted that total assets reached USD 204.14 million until the first semester of 2023.

Image source: EmitenNews.com

Source: www.emitennews.com/Resource Alam KKGI Rogoh USD228 Juta Untuk Aktivitas Eksplorasi Di 3 Blok

Advertisement

Relate News

News
02 Dec 2022, 08:00 AM

PYX Resources Ltd Announces Appointment of Raden Sukhyar as A Non-Executive Director

www.marketscreener.com
2766 Views
News
29 Mar 2023, 12:00 PM

Explosives major BME forms JV with Indonesia’s MNK

im-mining.com
3341 Views
News
02 Jul 2024, 10:09 AM

Hillcon (HILL) Allocates Capex of IDR 600 Billion in 2024

Hillcon (HILL)
1593 Views
News
28 Jun 2022, 14:12 PM

MIND ID Trial of Artificial Intelligence Technology for Mineral Exploration

www.katadata.co.id
2916 Views
Hello! We would like to talk to you.Please fill the details below to start chatting with us.