Milestones

  • Incorporated in Indonesia under the name PT Bumi Kencana Eka Sakti. The company is primarily engaged in coal mining and coal trading
1997
  • Obtained first coal concession, PT Borneo Indobara (“BIB”) in South Kalimantan
2006
  • Became a wholly-owned subsidiary of PT Dian Swastatika Sentosa Tbk (“DSS”)

  • Obtained second concession, PT Kuansing Inti Makmur (“KIM”) in Jambi
2009
  • The company was renamed as PT Golden Energy Mines Tbk on16 November 2010

  • Obtained third concession, PT Trisula Kencana Sakti (“TKS”) in Central Kalimantan
2010
  • 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
2011
  • 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
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
2016
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