Welcome!
coal mining
Company in the news
Geo Energy announces first coal export shipment from newly-acquired PT Triaryani mine
The shipment of 55,000 tonnes of coal was sold at a premium to Trafigura Asia Trading on Dec 22.
December 26, 2023
Company in the news
Geo Energy completes acquisition of 58.65% stake in Golden Eagle Energy, and 33% stake in Marga Bara Jaya
“This will unlock the group’s value and generate long-term sustainable returns to our shareholders,” says GEO's CEO Melati.
October 18, 2023
Offer
SIAS urges GEAR's minority shareholders to reject revised offer
After months of hard work, shareholders go back to square one.
May 30, 2023
Mining
Gold shines as geopolitical worries grow; coal slumps with call for green energy
SINGAPORE (Dec 20): With numerous industries around the world depending on the supply of minerals and metals, miners are pivotal to the global economy. Yet, miners seem to have encountered a tough year, grappling with issues such as geopolitical uncertain
December 20, 2019
M&A
Geo Energy to acquire Titan Global Energy, 2 producing mines in South Sumatra for $34 mil
SINGAPORE (Sept 23): Geo Energy Resources has entered into a conditional share purchase agreement to acquire PT Titan Global Energy (TGE), and an effective interest of 51% each in two producing mines, PT Bara Anugrah Sejahtera (BAS) and PT Banjarsari Prib
September 23, 2019
Results
GEAR posts 37.5% lower FY18 earnings of $53 mil despite record revenue
SINGAPORE (Mar 1): Golden Energy and Resources (GEAR) has announced FY18 earnings of US$39.3 million ($53.2 million), down 37.5% from its FY17 earnings of US$67 million due to higher mining overheads, fuel costs, freight & stockpile expenses, as well as h
March 01, 2019
M&A
BlackGold chairman and CEO raises stake in firm
SINGAPORE (Jan 31): BlackGold Natural Resources, the coal mining company, announced that its chairman Intekhab Khan and CEO Philip Rickard have raised their stakes in the company.
January 31, 2018
Results
Golden Energy and Resources 1Q earnings increase over 11-fold to $26.5 mil on revenue surge
SINGAPORE (May 15): Golden Energy and Resources (GEAR), the coal mining and trading company, posted 1Q earnings of US$19 million ($26.5 million), up more than 11 times from its earnings of US$1.7 million in the previous year on higher revenue and lower
May 15, 2017