PT. Golden Energy Mines, Tbk. (GEMS) is one of the fastest
growing Coal Mining Company in Indonesia. Currently we operate in three areas:
South Kalimantan, Central Kalimantan, and South Sumatera. The Company has
resources as much as 1.93 billion tons of thermal coal and coal reserves of
about 849 million tons; which provides promising prospects for growth in
operations and financial performance in the future for a long period.
Currently, the Company sells coal to the Indonesian domestic
market and export market in meeting customer needs which mainly consists of
power plants, paper mills, cement and coal trading companies that purchase coal
for resale. Export sales in 2012 was recorded dominate 58% of total sales.
Exports made to various customers mainly China, India, and Thailand. Most of
coal sales company based on contract sales agreements of coal, with coal sales
prices are negotiated and adjusted every year or shorter period of time based
on coal quality and specification with reference to coal prices prevailing in
the market.
The Company also operates coal trading business, where
external coal purchases are carried out spot from various sources were for
resale. Looking ahead, the trading business is intended also for the purpose of
mixing the coal quality to get quality coal in accordance with the specific
needs of customers who come from various target different market segments, both
within and outside the country. Our purpose is to be the leading mining company
in Indonesia by creating added value to customers & stakeholders.
