Golden Energy and Resources Limited (“GEAR”) is principally engaged in the exploration, mining, processing and marketing of thermal coal sourced from its coal mining concession areas, covering an aggregate of approximately 38,165 hectares in South Kalimantan, Central Kalimantan and Jambi (a province in Sumatra), Indonesia.
The GEAR Group collectively owns the right to mine more than 2.1 billion tonnes of thermal coal resources, with coal reserves of 639.8 million tonnes.
The GEAR Group has reserves of primarily thermal coal with an average calorific value range of between 3,900 kcal/kg (arb) to 6,600 kcal/kg (arb).
Aside from coal mining and trading, the GEAR Group is also engaged in the forestry as well as in the trading of agricultural commodities like soya beans and wheat flour.
The GEAR Group holds a forestry concession right of 265,095 hectares in four regents in South Kalimantan, Indonesia, of which approximately 12,991 hectares of the forestry concession area has been planted with Acacia Mangium – a fast growing leguminous species which can be processed into market pulp for the production of tissue, printing and writing grade papers and 219 hectares of rubber plantation.