Indonesia Miner
Welcome to Indonesia Miner
Home / Directory / List News / Detail News

GEMS plans higher coal production in 2024

GEMS

Wed 31 Jan 2024, 08:00 AM

Share

Events

PT Golden Energy Mines Tbk (GEMS) aims to increase coal production performance this year.

GEMS Corporate Secretary Sudin Sudiman explained that production this year is targeted to exceed the realization of production in 2023, which reaches 46 million tons.

"In 2024, production is targeted at 50 million tons and can maintain good financial performance," Sudin told Kontan on Thursday (25/1).

GEMS's coal production achievement, which reached 46 million tons throughout 2023, was recorded to exceed the target set at 40 million tons.

Sudin added that the company realized a capital expenditure of USD 46 million for 2023. Most funds are for port facilities, hauling roads, and other operational performance support facilities.

In order to smooth out the business plan this year, GEMS also increased its capital expenditure projection.

"In 2024, the projected capital expenditure is USD 60 million," concluded Sudin

Image source: GEMS

Source: www.industri.kontan.co.id/Golden Energy Mines (GEMS) Bidik Produksi 50 Juta Ton Batubara pada Tahun 2024

Image source: GEMS

Source Link: https://industri.kontan.co.id/news/golden-energy-mines-gems-bidik-produksi-50-juta-ton-batubara-pada-tahun-2024

Advertisement

Relate News

News
26 Mar 2024, 09:41 AM

Vale Plans to Build IDR 30 Trillion HPAL Plant

REUTERS / Ajeng Dinar Ulfiana
2548 Views
News
11 Jan 2024, 12:00 PM

Adhi Kartiko (NICE) Aims for Nickel Production of 2.5 Million Metric Tons per Year

EmitenNews.com
1418 Views
News
02 Jan 2023, 08:00 AM

Aumay Mining to claim 22.5% of Kalimantan Aluminium

www.idnfinancials.com
2337 Views
News
07 Feb 2024, 12:00 PM

Reports Indicate West Sumatra Holds a Potential of 75 Million Metric Tons of Iron Ore

Sumatrabisnis.com / ckra.co.id
1722 Views
Hello! We would like to talk to you.Please fill the details below to start chatting with us.