Golden Eagle Energy

Status : Online

In the last ten years, the national coal industry has experienced a significant increase, both in terms of productivity and selling price. The coal business opportunity is also predicted to be very profitable, considering that coal is one of the main non-renewable energy sources.

In accordance with the strategy set, the Company is carrying out a business transformation from a restaurant and entertainment business to mining, especially coal, by issuing 820 million new shares through a right issue. The funds obtained from the right issue are then used to acquire two subsidiaries, namely PT Internasional Prima Coal (IPC) and PT Triaryani (TRI) which will become an operational company for SMMT. The Company has also completed the divestment process in the restaurant and entertainment business and changed its identity and logo to better represent its business activities in the mining industry.