PT Sumbawa Timur Mining (STM) received permission to assign geothermal preliminary and exploration (PSPE) surveys in the Hu'u Daha area, Dompu Regency and Bima Regency, West Nusa Tenggara Province. This permit is in accordance with the Decree of the head of the Indonesian Investment Coordinating Board, Thomas Trisakti Lembo on behalf of the Indonesian Minister of Energy and Mineral Resources on August 6, 2018.
At present, PT Sumbawa Timur Mining is conducting PSPE activities with an estimated investment of US $ 11,574,689.
Prior to the assignment of this PSPE, the Huu Daha geothermal mining (WKP) area of 19310 Ha was managed by PT Pacific Geo Energy. Later, PT PGE returned the permit to the geothermal mining working area to the government because it was not economical.
As of December 18, 2018, PT STM has been a member of Indonesia Geothermal Association ( INAGA ), Exploration category. Now INAGA has 20 corporate members, 4 associate members and total around 800 personal members.
PT STM is located at Sovereign Plaza Lt. 1 E, South Jakarta.
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