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Overview
Headlines
Business Background Golden Energy and Resources Limited engages in the exploration, mining, and marketing of thermal coal in Indonesia. It operates through Coal Mining, Coal Trading, and Forestry divisions. The company holds interests in coal mining concession areas that covers an area of approximately 38,165 hectares located in South Kalimantan, Central Kalimantan, and Jambi. It owns the rights to mine approximately 2.1 billion tonnes of thermal coal resources with coal reserves of 639.8 million tonnes. The company is also involved in the forestry business, as well as in trading agricultural commodities, such as soya beans and wheat flour. It owns forestry concession rights of 265,095 hectares in 4 regents located in South Kalimantan, Indonesia. The company serves power plant operators, pulp and paper factory operators, cement industry, and coal trading companies. The company was founded in 1997 and is based in Singapore. Golden Energy and Resources Limited is a subsidiary of PT Dian Swastatika Sentosa Tbk.
  halim_mogren Management could not complete the Stanmore acquisition as minorities would not sell. Ravenswood will not make as much money as they hoped and will not save them. They will loose $200 million in 2020 but still post positive credit rating on website. Dishonest. 28/07/2020 8:48 AM halim_mogren When will management pay the staff and the contractors. When will I get paid? 28/07/2020 8:48 AM halim_mogren Big losses from coal this year for Golden Energy. No cash and no more bank loans. They will loose $200 million in 2020 and have no money. Staff and contractors not being paid. 28/07/2020 8:48 AM halim_mogren Cannot repay bank debt and cannot raise more money. Stock will drop on any volume. 28/07/2020 8:49 AM  |
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