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Big plans for new coal kid on the block

Golden Energy and Resources wants to raise production every year and may look at making a major acquisition.

Golden Energy aims to produce over 14 million tonnes of coal this year, up from the 9.6 million tonnes it produced in 2016.

Mr Zhou says among all its assets, the BIB concession is the group's crown jewel, and also where future growth will come from. The mine is located in the Tana Bumbu regency in South Kalimantan.

IT may be the newest coal kid on the block, but Golden Energy and Resources certainly has grandiose ambitions in its sight.

Riding on the coattails of rising coal prices, the coal mining group plans to raise production every year amid what it sees as unrelentless demand in the region for...

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