Sinarmas Mining Emitter (GEMS) Secures Rp4 Trillion Credit Facility from BRI
Jakarta — PT Golden Energy Mines Tbk (GEMS), a Sinarmas Group coal mining emitter, has announced securing a total credit facility of Rp4 trillion from PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) on 16 March 2026.
According to the Indonesian Stock Exchange disclosure, the facility was extended to PT Borneo Indobara (BIB) and PT Barasentosa Lestari (BSL), which are direct and indirect subsidiaries of the company.
“The impact on operational activities is to support the company’s growth and operational performance; strengthen the company’s financial condition through additional working capital facility provisions; and positively impact the company’s business continuity,” as stated on Monday, 16 March 2026.
The loan is divided into two schemes. The first agreement is Working Capital Credit with Cash Collateral Number 60/2026 between BRI and BSL. The facility comprises a working capital current account credit with a fixed maximum credit limit (revolving) of Rp1 trillion with a 24-month tenure.
Funds from this facility will be used for BSL’s working capital and operational requirements. The revolving scheme allows the company to draw and repay loans repeatedly during the facility period.
Additionally, BRI signed Working Capital Credit Agreement Number 62/2026 with BIB. Through this agreement, BIB receives a working capital current account credit facility with a fixed maximum credit limit (revolving) of Rp3 trillion with a 24-month tenor.
Previously, GEMS, through its indirect subsidiary PT Borneo Indobara, signed a term loan credit agreement valued at Rp900 billion from PT Bank Mandiri (BMRI). According to the Indonesian Stock Exchange disclosure cited on Friday, 12 December 2025, this loan facility has a 5–7 year tenure and is intended to cover cashflow gaps for business expansion and general company and group requirements.
Following this announcement, GEMS shares declined 3.02 per cent to Rp8,025 at the close of trading today. The company’s market capitalisation reached Rp47.21 trillion.