Golden Energy and Resources Limited (GEAR)

Mining

GEAR to subscribe for $407 mil of its entitlements in Stanmore Resource’s entitlement offer

The subscription will be done via GEAR’s subsidiary, Golden Investments (Australia).
Golden Energy and Resources to acquire 80% interest in BHP Mitsui Coal  - THE EDGE SINGAPORE

Mining

Golden Energy and Resources to acquire 80% interest in BHP Mitsui Coal

Upon the completion of the acquisition, GEAR's subsidiary Stanmore will pay US$1.1 billion ($1.48 billion) to BHP.

Commodities

GEAR fails to win bid for Stanmore Coal

(Jan 23): Singapore’s Golden Investments said on Wednesday that it will seek a board position at Australia’s Stanmore Coal as its biggest shareholder, despite the failure of a A$240 million ($232.8 million) takeover bid.

Results

Golden Energy and Resources 1Q earnings increase over 11-fold to $26.5 mil on revenue surge

SINGAPORE (May 15): Golden Energy and Resources (GEAR), the coal mining and trading company, posted 1Q earnings of US$19 million ($26.5 million), up more than 11 times from its earnings of US$1.7 million in the previous year on higher revenue and lower
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