About Us

PT Golden Eagle Energy Tbk (SMMT or the Company) was established in 1980 under the name PT The Green Pub based on Deed of Establishment No. 46 dated March 14, 1980 with main business activities in the field of restaurants and entertainment.

On May 10, 1996, the Company changed its name to PT Setiamandiri Mitratama. The Company was officially listed on the Surabaya Stock Exchange after making an initial offering to the public of 5,000,000 shares at an offering price of Rp500 per share. The Company conducted a 1:4 stock split in 2004.

By considering business opportunities in the national restaurant and entertainment industry at that time, the Company changed its identity to PT Eatertainment International Tbk. The Company mainly relies on the restaurant business segment known as Amigos, a restaurant that sells Mexican cuisine and Papa Rons, a fast food pizza outlet as a trademark that is managed by itself or through franchising. In addition, the Company also has a subsidiary Putt-Putt South East Asia Limited (Putt-putt) which has a license in the mini golf business. PT Golden Eagle Energy Tbk (SMMT or the Company) was established in 1980 under the name PT The Green Pub based on Deed of Establishment No. 46 dated March 14, 1980 with main business activities in the field of restaurants and entertainment.

Transformation of Business Sector into Mining

Increased competition in the restaurant and entertainment business has led the Company to review its business development strategy and planning with the aim of providing more attractive performance growth for investors and shareholders. By considering various business prospects that have the potential to be explored, the Company has concluded that the mining business, especially coal, is one of the most promising and suitable businesses.

In the last ten years, the national coal industry has experienced a significant increase, both in terms of productivity and selling prices. 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 that has been set, the Company carried out a business transformation from the restaurant and entertainment business to mining, especially coal, by issuing 820 million new shares through a rights issue. The funds obtained from the right issue were then used to acquire subsidiaries and associated companies, namely PT Triaryani (TRA) and PT Internasional Prima Coal (IPC) which will become operating companies for SMMT. The Company has also completed the divestment process of its restaurant and entertainment business and changed its identity and logo to better represent its business activities in the mining industry.

Logo as a symbol of the company

The Company’s logo contains deep inspiration from thephrase “holding the world in the palm of your hand.” Globe becomes the symbol that articulates the essence of Company as the holding company. The combination of strokes forming a collection of lines that resembles hand grip, indicating the Company as a global company supporting all operational activities of its subsidiaries.

Vision, Mission & Corporate Culture

VISION

To be a leading mining company with sustainable growth
that creating value and prosperity.

MISSION

To ensure sustainable business growth through organic and un-organic business exoansion
To provide maximum added value for all of stakeholders
To contribute in improving the community’s living standards
To develop and manage a safe, effecient, and environmentally friendly mining operation
To conduct business in a responsible manner and in accordance with professional business ethics

CORPORATE CULTURE

Act in honest, ethical, and truthful manner

Integrity

Show concern for others

Caring

Value and appreciate other people’s views

Respect

Do the best to consistently exceed expectations through actions and the generation of new ideas

Excellence and Innovative

Responsible for our actions and matters under our supervision

Being responsible

Capitalize on differences and work together to achieve common goals

Unity

Always strive to become better

Growth

Our Journey

PT Golden Eagle Energy Tbk (the Company) was initially established in 1980 under the name PT The Green Pub as a business that was primarily involved in the restaurant and entertainment industries. Throughout the course of its journey, the Company changed its name to PT Setiamandiri Mitratama in 1996. On February 29, 2000, the Company conducted its initial public offering by listing five million shares on the Surabaya Stock Exchange. After that, in 2004, the Company officially changed its name to PT Eatertainment International Tbk.

In 2012, the Company made the decision to transition its business from restaurants and entertainment to the mining business. To achieve this objective, the Company issued 820 million new shares, a portion of the proceeds of which were used to finance the acquisition of coal mining concessions.

Through its subsidiary PT Triaryani, which operates mining concessions in South Sumatra, the Company began commercial coal mining in 2014 and marketing its products. Since then, the Company has steadily increased productivity, strengthened its logistics infrastructure, and enhanced its operational performance.