Ban Lifted, Sinar Mas Subsidiary Re-exports Coal

PT Golden Energy Mines Tbk (GEMS), a subsidiary of Sinar Mas, has again obtained a coal export permit after fulfilling the Domestic Market Obligation (DMO).

An export permit was also granted to a subsidiary of Golden Energy. Golden Energy Mines Corporate Secretary Sudin SH, the company received a letter from the Directorate General of Mineral and Coal regarding the lifting of the ban on coal exports abroad. This is in accordance with the fulfillment of the DMO carried out by the company until January 19, 2022. "So, the ban on coal exports was lifted for 139 parties because they had fulfilled the coal DMO of 100%, including PT Borneo Indobara, PT Barasentosa Lestari, PT Karya Cemerlang Persada , PT Bungo Bara Makmur, and PT Bungo Bara Utama," explained Subin in an official statement.

|•SOURCE•| Articles :INVESTOR | Image :MONETER |

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