Golden Energy and Resources Limited (“GEAR“) is a Singapore listed (SGX:AUE) leading energy and resources company in the Asia Pacific region.
GEAR’s businesses include:
- Mining of metallurgical coal through its subsidiary Stanmore Resources Limited (“Stanmore”) (75.33%*) operating in Australia;
- Mining of energy coal through its subsidiary PT Golden Energy Mines Tbk (“GEMS”) (62.5%) operating in Indonesia;
- Mining of gold through Ravenswood Gold Pty Ltd (“Ravenswood Gold“)(50%) operating in Australia;
- Various investments in renewable energy projects in Asia.
Stanmore has coal resources estimates of 1.7 billion tonnes, marketable coal reserves estimates of 130.0 million tonnes and a coal handling preparation plant capacity of up to 3.5 million tonnes per annum.
GEMS has more than 2.9 billion tonnes of energy coal resources and more than 1 billion tonnes of coal reserves.
Ravenswood Gold has 3.9 million ounces of gold resources and 2.6 million ounces of gold reserves, and a gold processing facility of up to 5.0 million tonnes per annum.
*GEAR’s effective interest in Stanmore is 60% through its approximately 80% shareholding in its subsidiary Golden Investments which holds 75.33% in Stanmore.
Information accurate as at 31 December 2020