Company Profile
PT Golden Energy Mines Tbk (the “Company“) was incorporated on March 13th, 1997, under the name of PT Bumi Kencana Eka Sakti, which then changed its name to PT Golden Energy Mines Tbk on November 16th, 2010. On December 10th, 2009, the Company was acquired by PT Dian Swastatika Sentosa Tbk that took over 99.998% of the Company’s shares from PT Gerbangmas Tunggal Sejahtera. The acquisition was recorded in the Deed No. 40 dated December 10th, 2009, made before Notary Linda Herawati, SH, a notary in Jakarta. The joining of PT Dian Swastatika Sentosa Tbk in the shareholding structure indirectly made the Company as a part of Sinar Mas Group.
After becoming a part of Sinar Mas Group, several measures in the business strategy continue being carried out. To expand its business reach, Company acquired several new mining areas located in Jambi and Central Kalimantan. The Company obtained the Mining License (IUP) of Specific Production Operations for Coal Transportation and Sales in 2011 and renewed it in 2023 pursuant to the Decision of Head of Capital Investment Coordinating Board (BKPM) No. 81202191527980003 dated July 31st, 2023.
The Company obtained an Effective Statement from the Head of Capital Market Supervisory Board and Financial Agency (Bapepam-LK) through the Decision No. S-12171/BL/2011 to carry out Initial Public Offering (IPO) on November 9th, 2011, as many as 882,353,000 shares. On November 17th, 2011, the entire Company shares of 5,882,353,000 were listed on Indonesia Stock Exchange. Thus, such corporate action made the Company as a public company in Indonesia. Through the IPO process, GMR Coal Resources Pte. Ltd., which is domiciled in Singapore and a Subsidiary of GMR Group (a leading infrastructure business group in India), owns 30% shares from the entire paid-up and issued capital in the Company.
On April 20th, 2015, PT Dian Swastatika Sentosa Tbk transferred 66.9998% of its shares to Golden Energy and Resources Limited, a company domiciled in Singapore and a Subsidiary of PT Dian Swastatika Sentosa Tbk. Afterwards, on September 15th, 2022, GMR Coal Resources Pte. Ltd. transferred 30% of its shares of the Company to PT Radhika Jananta Raya, a subsidiary of PT ABM Investama Tbk domiciled in South Jakarta.
A series of corporate actions were carried out by PT Dian Swastatika Sentosa Tbk and Golden Energy and Resources Limited in August 2023, and consequently, the two companies own 51% and 6.990% shares in the Company, respectively.
Through the support of 21 Subsidiaries, both directly and indirectly, the mining operational areas spread in Sumatra and Kalimantan, as well as the implementation of values contained in The Golden Way of Sinar Mas, the Company is committed to creating added value for customers and other stakeholders. Thus, the Company’s Vision to be the leading mining company in Indonesia can be realized.
| Name of Company |
PT Golden Energy Mines Tbk |
| Date of Establishment |
March 13, 1997 |
| Incorporated in |
Central Jakarta – DKI – Indonesia |
| Listing Date |
November 17, 2011 |
| Shares Code |
GEMS |
| Lines of Business |
Coal mining through Subsidiaries, and coal trading. |
| Authorized Capital |
Rp 2,000,000,000,000 |
| Issued and Fully Paid Capital |
Rp 588,235,300,000 |
| Number of Shares listed |
5.882.353.000 shares |
| Nominal value per Share | Rp 100 per share |
| Public Accountant | KAP Mirawati Sensi Idris (MSId) Intiland Tower, 8th Floor Jl. Jend. Sudirman Kav. 32 Jakarta 10220 Indonesia P : (021) 570 8111 F : (021) 572 2737 |
| Share Administration Bureau | PT Sinartama Gunita Menara Tekno, 7th floor Jl. Fachrudin No. 19Jakarta 10250 Indonesia P : (021) 392 2332 F : (021) 392 3003 |