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GEO ENERGY GROUP is a coal mining group, established since 2008, with offices in Singapore and Jakarta, Indonesia and production operations in Kalimantan, Indonesia. Geo Energy has been listed on Singapore Stock Exchange’s main board (Bloomberg Ticker: GERL SP) since 2012 and is part of the Singapore FTSE index.

Geo Energy owns four mining concessions through its wholly-owned subsidiaries PT Bumi Enggang Khatulistiwa (“BEK”), PT Sungai Danau Jaya (“SDJ”), PT Tanah Bumbu Resources (“TBR”) and PT Surya Tambang Tolindo (“STT”) in Kalimantan, Indonesia.

The BEK mining concession area is 4,570 hectares located in Kutai Barat, East Kalimantan, with total reserves of 10.0 million tonnes of thermal coal measuring an average calorific value in excess of 3,400 GAR. The SDJ mining concession area is 235 hectares located in Tanah Bumbu, South Kalimantan, with total reserves of 36.0 million tonnes of thermal coal measuring an average calorific value ranging from 4,000 to 4,200 GAR. The STT mining concession area is 4,600 hectares located in Kutai Barat, East Kalimantan, with coal quantity of 1-25 million tonnes of semi-coking coal. Presently, Geo Energy is focused on coal production in SDJ.

Geo Energy remains committed to sustainable growth and enhancing shareholder value. The Group will continue to pursue opportunities to expand the mining operations and in growing the coal reserves through strategic acquisitions or vertical integration.

2016 marked a year of renewal and restructuring for Geo Energy, when it divested the mining services and coal haulage services businesses to become a low cost coal producer, participating with world-class operators such as PT Bukit Makmur Mandiri Utama (BUMA) and Englhart Commodities Trading Partners (ECTP).

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ANNUAL REPORT

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Annual Report 2017
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