PT Golden Energy Mines Tbk (GEMS) announced that it has prepared a capital expenditure (capex) budget for 2025 worth USD 30 million - USD 35 million or equivalent to Rp487.36 billion to Rp568.59 billion (assuming an exchange rate of Rp16,245 per US dollar).Corporate Secretary of Golden Energy Mines, Sudin SH, this year's capex budget will be focused on hauling roads , ports and other mining support facilities."Capex in 2025 is around USD 30-35 million, so for hauling roads, ports and other supporting facilities," said Sudin when contacted by Kontan, Wednesday (08/01).Also Read: Profit Margin Still Solid, GEMS Prospects Remain AttractiveMeanwhile, regarding production throughout this year, Sudin said that his party is still targeting the same capacity as production throughout 2024, which is at 50-51 million tons of coal."The production target for 2024 and 2025 is the same, which is 50-51 million tons. Because we are in accordance with the Work Plan and Budget (RKAB) which is currently in effect for 3 years," he added.Meanwhile, GEMS' sales volume target throughout 2025 is at 51-52 million tons.Just so you know, based on Kontan's records, this Sinarmas group mining issuer in the 9-month period of 2024 has recorded coal production of up to 38.4 million tons. With sales in the same period of 38.2 million tons.With operating income in the third quarter of 2024 of USD 2.012 billion, down slightly by 2% compared to revenue in the same period last year of USD 2.054 billion.With a current period profit of USD 405.26 billion or up 2.98% compared to the same period profit in 2023 of USD 393.53 billion.Meanwhile, for the projection of coal demand this year, GEMS, said Sudin, is still optimistic by seeing a positive catalyst for coal demand for the energy sector. Although the Indonesian government is accelerating a number of energy projects from the New and Renewable Energy (EBT) sector."For the near term, Indonesia still needs coal energy," he concluded.
Source https://djakarta-miningclub.com