Golden Energy and Resources Ltd

Detailed Description

Golden Energy and Resources Limited, an investment holding company, engages in the exploration, mining, marketing, and trading of thermal coal. The company operates through Energy Coal, Metallurgical Coal, and Non-Coal Business segments. It holds interests in five coal mining concession areas that covers an area of approximately 66,204 hectares located in South Kalimantan, Central Kalimantan, Jambi, and South Sumatra Basin in Indonesia; and owns forestry concession rights of 265,095 hectares in Kalimantan, as well also owns the rights to mine approximately 2.9 billion tons of thermal coal resources with coal reserves of approximately 1.0 billion tons. The company also holds interest in 6 development mines to mine approximately 1.7 billion tons of energy coal resources with coal reserves of approximately 130 million tons in Australia. In addition, it offers management consultancy services. The company is also involved in mining of gold. Golden Energy and Resources Limited operates in China, Indonesia, India, South Korea, Spain, the Philippines, and internationally. The company is based in Singapore. Golden Energy and Resources Limited is a subsidiary of PT Dian Swastatika Sentosa Tbk.