- Business
- PT Golden Eagle Energy Tbk PT Golden Eagle Energy Tbk (SMMT.JK) operates as a holding company for coal mining activities in Indonesia, producing low-ash, low-sulfur thermal coal from concessions in South Sumatra and East Kalimantan; it provides mining support services, coal transportation, and related trading, development, industrial, and land transport activities through subsidiaries including PT Triaryani. The company, founded in 1980 and headquartered in Jakarta, holds coal concessions covering approximately 2,143 hectares in North Musi Rawas Regency, South Sumatra, and 3,238 hectares in Palaran, Samarinda, East Kalimantan, with operations focused on exporting coal products to international markets. Originally established as PT The Green Pub in the restaurant and entertainment sector, it underwent name changes to PT Setiamandiri Mitratama in 1996 and PT Eatertainment International Tbk in 2004 before pivoting to coal mining in 2012 and adopting its current name. In October 2023, Geo Energy Resources Limited acquired a 73.11% controlling stake from PT Mutiara Timur Pratama for $154.1 million, positioning the company for expanded growth under its new parent while maintaining production from significant 2P coal reserves.