Incorporated as a limited liability company in Indonesia, primarily engaged in coal mining (operated through subsidiaries) and coal trading since incorporation
Obtained first concession, PT Borneo Indobara (“BIB”) in South Kalimantan
Acquired by and became a wholly-owned subsidiary of PT Dian Swastatika Sentosa Tbk (“DSS”)
Obtained second concession, PT Kuansing Inti Makmur (“KIM”) in Jambi (a province in Sumatra)
Obtained third concession, PT Trisula Kencana Sakti (“TKS”) in Central Kalimantan
GMR Coal Resources Pte Ltd (“GMR”), a leading infrastructure business group in India, became a strategic shareholder of PT Golden Energy Mines Tbk (“GEMS”) and signed a 25-year coal off-take agreement
Completed IPO on the Indonesian Stock Exchange and became a publicly-listed company
United Fiber System Limited, listed on the Singapore Exchange Securities Trading Limited, was renamed as Golden Energy and Resources Limited on 21 April 2015 after the successful completion of its reverse takeover.