The company was founded in 2016 under the name PT Sumber Mineral Global Abadi, domiciled in South Jakarta. The Company is a company that carries out its business activities in the field of nickel and coal trading for the domestic market in Indonesia.
The Company is part of the PT Sumber Global Energy Tbk (SGE) business group, which is a coal trading company in the export and domestic markets with a systematic one-stop coal supply system from trading, transportation, to delivery activities. The Company holds three IUP – OPK (Special Production Operations) each in the name of the Company itself for the transportation and sale of metallic mineral commodities, coal commodities and non-metallic mineral commodities.
Currently the Company is focusing more on high quality nickel and coal with a content of 1.5% – 1.9% for nickel and calories of 3,400 – 5,300 kka/kg (ARB) for coal. This strategy positions the Company as a nickel and coal trader which has its own market segmentation. This is supported by the high demand for quality nickel and coal. The Company collaborates with Production Operation Mining Business Permit (IUP-OP) and Special Production Operation Mining Business Permit (IUP-OPK) owners to ensure continuity of productivity and supply to end-users.
The Company indirectly carries out a mining business through its participation in a Subsidiary, namely PT Jasatama Mandiri Sukses (“JMS”) which operates in the limestone mining sector. JMS was founded in 2021, in 2021 JMS obtained an IUP for certain types of non-metallic mineral commodities at the exploration activity stage, in this case limestone for industry. JMS has received approval to upgrade the IUP to the production operations activity stage in July 2023 with a validity period of 20 years until July 2043. The production operations activity stage includes construction, mining, processing and/or refining or development and/or utilization, as well as transportation and sales activities.
JMS mining activities are located in Bungku Pesisir District, Morowali Regency, Central Sulawesi Province with an area of 85.73 Ha and based on the results of exploration carried out by JMS, the limestone reserves currently owned by JMS are 300,000,000 tons. with an estimated mine age of around 150 years.