GEMS concessions evaluation in Borneo, Sumatra continues

By Hiski Darmayana

IDX-listed PT Golden Energy Mines Tbk (GEMS), the mining unit of Sinarmas Group, recently stated to have entered the due diligence process in a number of concessions in Kalimantan and Sumatera, targeted to complete this year.

?But don't ask us where," Company Corporate Secretary Sudin said to Petromindo.com, refusing to tell any details.

The company, known to have a number of concessions in Jambi, Central Kalimantan and South Kalimantan, said it will focus on the development of support infrastructures in their concessions this year.

Editing by Er Audy Zandri