JAKARTA (Yosefardi) – PT Golden Energy Mines Tbk (GEMS) has extended its debt payment of US$75 million to December 31, 2016, from mid of this month.
The debt was made in October 15, 2012, facilitated to its units such as PT Berkat Nusantara Permai (BNP), PT Tanjung Belit Bara Utama (TBBU), and PT Karya Cemerlang Persada (KCP).
GEMS’ domestic coal sales reached Rp1.25 trillion in the first half of 2014, about 50% of total sales, increased from 47% in the same period of 2013.
GEMS also plans to boost its free float before January 2016, minimum set for 7.5% of the company’s enlarged shares capital.