• Incorporated in Indonesia under the name PT Bumi Kencana Eka Sakti. The company is primarily engaged in coal mining and coal trading
  • Obtained first coal concession, PT Borneo Indobara (“BIB”) in South Kalimantan
  • Became a wholly-owned subsidiary of PT Dian Swastatika Sentosa Tbk (“DSS”)

  • Obtained second concession, PT Kuansing Inti Makmur (“KIM”) in Jambi
  • The company was renamed as PT Golden Energy Mines Tbk on16 November 2010

  • Obtained third concession, PT Trisula Kencana Sakti (“TKS”) in Central Kalimantan
  • GEMS was listed on the Indonesia Stock Exchange in Nov 2011

  • GMR became a strategic shareholder and signed a 25-year coal off-take agreement
  • UFS acquired 66.9998% of GEMS on 20 April 2015.

  • UFS renamed as Golden Energy and Resources Limited (GEAR) on 21 April 2015 following completion of the RTO of UFS on 20 April 2015
  • Acquired fourth concession, PT Era Mitra Selaras (EMS) group of companies through GEMS group on 20 September 2016

  • Completed statutory compliance placement on 9 December 2016

  • Resume listing on SGX-ST Main Board on 12 December 2016
  • Entered into CSPA for 5th concession, PT. Barasentosa Lestari (“BSL”)

  • Maiden Interim Dividend paid out on 4 September 2017

  • Selective share capital reduction completed
  • Strategic alliance and capital injection of A$67.86million in Westgold Resources Limited ("Westgold"), Australia’s Top 10 gold producer listed on the ASX
  • Obtained first time rating of B+ with positive outlook by Fitch Ratings and B1 with stable outlook by Moody’s Investor Service
  • Maiden bond issuance of 9% US$150,000,000 Senior Secured Notes due 2023
  • Completed acquisition of BSL
  • Acquired 19.9% of Stanmore Coal Limited (“Stanmore”) - a Brisbane based metallurgical and thermal coal miner - and launched off-market takeover bid to acquire Stanmore
  • Secured term loan facility of A$150,000,000 with Credit Suisse AG, Singapore Branch
  • Off-market takeover bid concluded and total stake in Stanmore increased to 25.5%