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 operation
2016
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

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

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