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Jakarta Post

Darma Henwa to expand to mineral sector

  • News Desk

    The Jakarta Post

Jakarta   /   Mon, January 21, 2019   /   09:27 am
Darma Henwa to expand to mineral sector A bulk freighter carrying coal cruises through the Musi River in Palembang, South Sumatra, on Jan. 3. (Antara/Nova Wahyudi)

Coal miner PT Darma Henwa (DEWA) will expand to mineral mining by developing its mining infrastructure this year.

To execute the plan, DEWA chief corporate services officer Mukson Arif Rosyidi said that the company would invest in heavy equipment and human resources to improve productivity prior to expanding to the mineral sector.

“Ensuring the development of mining infrastructure is crucial before the expansion to the mineral sector,” he said as quoted by tribunnews.com, adding that the company had yet to decide what area it would prioritize.

“Whether we prioritize gold or copper, it depends on the clients, the budget, the opportunity and the commodity prices, so we will have to finalize preparations before we can decide.”

Previously, the company reportedly eyed several mining projects, including an underground zinc and tin mining project in Dairi, North Sumatra, a copper and gold mining project in Bone Bolango regency, Gorontalo province, and gold mining projects in Palu, Central Sulawesi.

On Wednesday, DEWA held an extraordinary general shareholders meeting to announce changes to its management.

Suadi Atma was demoted from president commissioner to vice president commissioner. Muhammad Lutfi took over the position of president commissioner and Saptri Hoedaja was appointed the company's director.

In 2019, DEWA targets US$300 million in revenues and the extraction of 17 million tons of coal – 25.93 percent more than the 2018 target of 13.5 million tons. (aak/bbn)