Our Mining Story
Year
Event/s
2008
Geo Energy was established
2012
Geo Energy raised S$94m in IPO proceeds and listed on the Mainboard of SGX on 19th October 2012
2013
Entered into mining services contracts and mining cooperation agreement for two concessions and signed additional working blocks
2014
Acquired a 66% stake in SDJ mining concession
Issued S$100mm 7% Fixed Rate Notes due 18 January 2018
2015
Entered into life of mine mining services cooperation agreement with BUMA (second largest mining contractor in Indonesia) for SDJ
First offtake agreement with ECTP for minimum of 1.5 million tonnes of coal
Acquired the remaining 34% stake in SDJ and SDJ started commercial operation2016
Geo Energy ceased business operations as a coal mining services provider and transitioned into business operations as a coal producer
Achieved record quarterly net profit in 4Q16 – highest since IPO
Achieved record quarterly net profit in 4Q16 – highest since IPO
Clinched life of mine coal offtake agreement with ECTP worth over US$1.6 billion
2017
Completed acquisition of TBR mining concession
Achieved a revenue of US$316m and EBITDA of USD$88m in 2017
Achieved a revenue of US$316m and EBITDA of USD$88m in 2017
Admitted as part of FTSE ST China Index
Successfully priced US$300m at 8% coupon due 4 October 2022
2018
Entered into life of mine Mining Services cooperation agreement with BUMA for TBR
OPERATIONS LIGHT,
LOW CAPEX
2016 – present:
Transformation into a top 10
coal producer in Indonesia
OPERATIONS HEAVY,
CAPEX INTENSIVE
2012 – 2015: Focus on capital
intensive mining contracting business
with limited presence in coal mining
ESTABLISHED
IN 2008
2008 – 2012:
Early development phase
