PT Sumber Global Energy Tbk (SGER), a coal mining issuer, has successfully secured a coal supply contract of 500,000 metric tons (MT) to Vietnam.The contract was signed with Power Generation Corporation (PGC) as the buyer and Duyen Hai Thermal Power Company (DHTP) as the seller's representative. The coal to be supplied has a net caloric value specification of 4,600 kcal/kg.“This transaction has a potential contract value of USD 44.45 million or approximately IDR 705 billion,” said Michael Harold, SGER's Corporate Secretary, in an official statement on Friday, November 22.In addition, earlier this month, SGER signed another coal sales agreement with PT Merge Mining Industri. This agreement covers a volume of 2 million MT, with potential revenue of up to IDR 3 trillion.From a financial performance perspective, as of September 30, 2024, SGER recorded net revenue of IDR 10.88 trillion and a net profit of IDR 565.16 billion.
These new contracts are expected to further strengthen SGER’s position as a key player in the coal sector, both in domestic and international markets.
Source https://djakarta-miningclub.com