Golden Energy Mines Tbk PT (GEMS)

Overview

PT Golden Energy Mines Tbk, initially established as PT Bumi Kencana Eka Sakti, is a prominent player in the coal mining sector in Indonesia. Since its inception in 1997, the company has evolved, transitioning its name to PT Golden Energy Mines Tbk in November 2010. It conducts its operations through its subsidiaries, focusing primarily on coal mining and trading. The business is partitioned into two main segments - Coal Trading and Coal Mining, catering to diverse needs within the energy sector. With its headquarters in Jakarta, Indonesia, PT Golden Energy Mines Tbk operates as a key subsidiary of PT Dian Swastatika Sentosa Tbk, aligning its activities with the broader objectives of its parent company and ensuring adherence to sustainability and environmental standards.

Products and Services

• Coal Mining

  PT Golden Energy Mines Tbk dedicates a significant part of its operations to coal extraction, focusing on mining coal from Indonesia's rich deposits. This segment involves the exploration, development, and production of coal, leveraging advanced mining techniques and technologies to ensure efficiency and sustainability. The coal mined is of varying grades, catering to a broad spectrum of industrial energy needs including electricity generation, manufacturing, and other energy-intensive industries.

• Coal Trading

  Alongside its core mining activities, PT Golden Energy Mines Tbk engages in the trading of coal. This segment encompasses the buying and selling of coal, both domestically within Indonesia and on an international scale. Through its trading activities, the company ensures the optimal distribution of Indonesian coal to markets where it is most needed, positioning itself as a key player in the global energy supply chain. Its coal trading operations are designed to complement the mining segment, facilitating a seamless supply of coal to its diverse clientele.