Golden Energy and Resources Pte. Ltd.''s (GEAR) is on track to complete a mostly debt-funded USD1.65 billion acquisition of Illawarra Metallurgical Coal (IMC) from South32 Limited. The rating affirmation follows Fitch Ratings'' assessment that the transaction would weaken GEAR''s leverage profile, which however will remain below our negative
Golden Energy and Resources Pte Ltd ("GEAR") is a leading resources company in the Asia Pacific. GEAR''s businesses include: Mining of metallurgical coal through its 70% subsidiary Illawarra Coal Holdings Pty Ltd ("ICH") operating in Australia;
Golden Energy and Resources Limited ("GEAR") is principally engaged in the exploration, mining, processing and marketing of thermal coal sourced from its coal mining concession areas, covering an aggregate of approximately 38,165 hectares in South Kalimantan, Central Kalimantan and Jambi (a province in Sumatra), Indonesia.
Golden Resources Energy Pte Ltd is a company focused on multi-sector trading and investment with a strong commitment to sustainability. Since its establishment, the company has established a solid foothold in key sectors such as the aviation industry, import-export, mining, waste management, water management, and green energy.
It principally engages in the exploration, mining, and marketing of metallurgical coal in Australia, through its subsidiary Stanmore Resources Limited, and energy coal in Indonesia through PT Golden Energy Mines Tbk.
Golden Resources Energy Pte Ltd is a company focused on multi-sector trading and investment with a strong commitment to sustainability. Since its establishment, the company has
Golden Energy and Resources Limited (the "Company" or "GEAR") is a Singapore-listed leading energy and resources company in the Asia Pacific region. Its businesses include mining of thermal coal through its subsidiary PT Golden
Golden Energy and Resources Pte Ltd (“ GEAR ”) is a leading resources company in the Asia Pacific. GEAR’s businesses include: Various investments in renewable energy projects in Asia.
Golden Energy and Resources Limited (“GEAR”) is principally engaged in the exploration, mining, processing and marketing of thermal coal sourced from its coal mining concession areas, covering an aggregate of approximately 38,165 hectares in South Kalimantan, Central Kalimantan and Jambi (a province in Sumatra), Indonesia.
The Directors are pleased to present their statement to the members together with the audited consolidated financial statements of Golden Energy and Resources Limited (the “Company”) and its subsidiaries (collectively, the “Group”) and the balance sheet of the Company for the fi nancial year ended 31 December 2019.
PT Golden Energy Mines Tbk (“GEMS”), a 66.9998% subsidiary of the Company, has an in-house internal audit department. The Company also has a Head of Internal Audit to oversee the work of GEMS in-house internal audit department.
The Group also performed an impairment assessment on its investment in PT Golden Energy Mines Tbk, its Indonesian listed subsidiary, as the carrying value of investment is higher than its share of net assets.
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