239:
The Russia-Ukraine crisis that has disrupted supply chains, counter-party risk due to sanctions as well as rising prices throughout Asian markets has caused
Newcastle physical prices to reach $ 400 per tonne while Metallurgical and PCI (pulverised coal injection) prices have skyrocketed nearing $ 400
228:
This massive deal is set to make GEAR one of the largest global producers of metallurgical coal, with its
Australian-listed subsidiary, Stanmore Resources, funding the acquisition through a combination of cash and debt. This acquisition is part of Widjaja's strategy to expand GEAR's presence in the
199:
In April 2019, Widjaja launched Gear
Innovation Network, a tech innovation centre by Golden Energy and Resources in Singapore. The centre was established with an initial investment of US$ 2 million and supported by the Economic Development Board in Singapore. Gear Innovation Network focuses on
163:
An heir to the large family-owned conglomerate, Widjaja is on a mission to modernise the family business. He is shifting the business to focus on energy, infrastructure, telecommunications and education. As an entrepreneur, he believes in starting and creating new things that people need.
243:
Widjaja has been active in the industry since 2013, when he founded GEAR with the aim of becoming one of Asia's leading integrated energy companies. He has since grown GEAR into a major player in the coal mining industry, with operations across
Singapore, Indonesia, China and Australia.
156:
Sinar Mas Group is a brand of companies which is active in six business pillars—Pulp & Paper, Agri-business & Food, Financial
Services, Developer & Real Estate, Communications & Technology and in Energy & Infrastructure.
185:
Under
Widjaja's leadership, Berau Coal received an award for its corporate social responsibility program at the 2019 ASEAN Coal Award. As part of this program, the company assisted the Punan Basap Tribe in a resettlement project.
224:
In 2022, Golden Energy and
Resources (GEAR) completed the acquisition of an 80% stake in coal miner BHP Mitsui Coal for $ 1.2 billion. The remaining 20% stake in the joint venture is owned by Japanese conglomerate Mitsui.
178:
This was a surprise takeover as past contenders have failed to secure a majority stake in the coal company. It was also viewed as a move that restored confidence in the
Indonesian's ownership of a sizeable mining venture.
212:
In 2019, Sinar Mas Mining was recognised as one of HR Asia's Best
Companies to work for. The company achieved this status in the categories of HR Innovation, Employer Branding and Leadership and Development.
232:
BHP Mitsui Coal has three coal mines located in Bowen Basin, Queensland, Australia with combined marketable metallurgical coal reserves of 180 million metric tonnes and revenue of $ 989 million for 2021.
714:
203:
Golden Energy & Resources
Limited sources coal from its coal mining concession areas, covering approximately 66,204 hectares in South and Central Kalimantan and South Sumatra Basin.
209:
The company has also been awarded as one of the top three social business innovation companies in the category of property, real estate and insurance by Warta Ekonomi in 2018.
216:
After a stint at UBS, Widjaja founded Pristine Brand mineral water, before becoming a director of Sinar Mas Multiartha, holding company of Sinar Mas Financial services.
236:
Metallurgical coal is used in steel production and as such remains a highly sought after commodity despite changes in demand due to shift towards green energy sources.
150:
Fuganto Widjaja is Director at Sinar Mas Multihara TBK. He is also the Group Chief Executive Officer & Executive Director at Golden Energy & Resources Ltd.
764:
182:
Widjaja shared with the media that the investment was to support the Indonesian government's aim to boost electricity supply for the country through coal.
172:
119:
290:
662:
206:
Sinar Mas Group has been recognised as one of the winners in the 2019 Indonesian Employers of Choice Awards (EOC) by SWA and Korn Ferry Indonesia.
687:
637:
264:
446:
759:
200:
transforming capital-intensive industries such as mining, logistics and construction through digital technologies in Southeast Asia.
524:
749:
139:
52:
367:
594:
575:
160:
Golden Energy and Resources Limited is a Singapore listed leading energy and resources company in the Asia Pacific region.
472:
353:
114:
and property conglomerate started before the Second World War. In April 2015, he revealed a surprise takeover bid for
196:
Widjaja also received an award as a TOP leader on CSR Community 2018. This is an award organised by TOP Business.
715:"Widjaja Family's Golden Energy And Resources Completes $ 1.2 Billion Acquisition Of BHP's Australian Coal Mines"
167:
In April 2015, he revealed a surprise takeover bid by Asia Coal Energy Ventures, a Sinar Mas subsidiary, for
298:
744:
168:
115:
754:
550:
428:
325:
135:
103:
78:
48:
190:
498:
331:
107:
83:
738:
96:
619:
134:, before earning a bachelor's degree in Computer Science & Economics from
131:
171:, a shell company which owned a majority of Berau Coal's stock, founded by
663:"Inilah Para Pemenang Warta Ekonomi Social Business Innovation Award 2018"
410:
291:"Baby-face billionaire throws spanner into Rothschild's Indonesian works"
111:
447:"Sinar Mas gains control of Asia Resource Minerals as Rothschild exits"
392:
153:
Golden Energy & Resources is a subsidiary of the Sinar Mas Group.
595:"Sinar Mas mining firm sets up tech innovation centre in Singapore"
688:"HR Asia Announces Indonesia's Best Companies to Work for in Asia"
525:"CSR Berau Coal raih penghargaan ASEAN Energy Awards di Bangkok"
368:"Sinarmas Subsidiary Golden Energy Acquires 10% Westgold Shares"
555:
Berau Coal Energy - Boards of Commissioners and Directors
638:"Ini Perusahaan Idaman Karyawan dan Pencari Kerja 2019"
429:"Fuganto Widjaja, Sinar Mas: a new start in Indonesia"
326:"Fuganto Widjaja, Sinar Mas: a new start in Indonesia"
576:"golden enery mines dan berau coal raih top csr 2018"
259:
257:
74:
66:
58:
44:
36:
28:
21:
324:
219:
411:"One of Indonesia's Largest Coal Reserve Owners"
473:"Indonesia's young heirs stick their necks out"
8:
138:in 2003, and an M Phil in Finance from the
18:
32:1980 or 1981 (age 42–43)
318:
316:
551:"Boards of Commissioners and Directors"
253:
220:BHP's Australian coal mines acquisition
765:Alumni of the University of Cambridge
118:, the coal mining company founded by
7:
265:"Executive Profile: Fuganto Widjaja"
130:Widjaja was attended high school in
189:Widjaja is a president director of
102:Fuganto Widjaja is the grandson of
95:(born 1980/1981) is an Indonesian
14:
620:"Golden Energy and Resources Ltd"
289:Fortson, Danny (19 April 2015).
70:CEO, Golden Energy and Resources
140:Cambridge Judge Business School
53:Cambridge Judge Business School
1:
593:Chi, Euodia (30 April 2019).
229:global coal mining industry.
323:Sender, Henny (2015-08-30).
415:golden energy and resources
781:
760:Cornell University alumni
499:"Fired up over coal deal"
240:per tonne respectively.
126:Early life and education
750:Indonesian billionaires
169:Asia Resource Minerals
116:Asia Resource Minerals
16:Indonesian businessman
106:, the founder of the
173:Nathaniel Rothschild
120:Nathaniel Rothschild
372:the insider stories
713:Rosendar, Yessar.
667:wartaekonomi.co.id
531:. 6 September 2019
451:theedgemarkets.com
354:"Business Leaders"
136:Cornell University
104:Eka Tjipta Widjaja
79:Eka Tjipta Widjaja
49:Cornell University
599:The Straits Times
503:The Straits Times
477:The Straits Times
191:Berau Coal Energy
90:
89:
772:
729:
728:
726:
725:
710:
704:
703:
701:
699:
684:
678:
677:
675:
673:
659:
653:
652:
650:
648:
634:
628:
627:
616:
610:
609:
607:
605:
590:
584:
583:
572:
566:
565:
563:
561:
547:
541:
540:
538:
536:
521:
515:
514:
512:
510:
495:
489:
488:
486:
484:
469:
463:
462:
460:
458:
443:
437:
436:
425:
419:
418:
407:
401:
400:
389:
383:
382:
380:
378:
364:
358:
357:
350:
344:
343:
341:
339:
328:
320:
311:
310:
308:
306:
297:. Archived from
295:The Sunday Times
286:
280:
279:
277:
275:
261:
110:, an Indonesian
19:
780:
779:
775:
774:
773:
771:
770:
769:
735:
734:
733:
732:
723:
721:
712:
711:
707:
697:
695:
686:
685:
681:
671:
669:
661:
660:
656:
646:
644:
642:Republika.co.id
636:
635:
631:
618:
617:
613:
603:
601:
592:
591:
587:
574:
573:
569:
559:
557:
549:
548:
544:
534:
532:
523:
522:
518:
508:
506:
497:
496:
492:
482:
480:
471:
470:
466:
456:
454:
445:
444:
440:
433:Financial Times
427:
426:
422:
409:
408:
404:
391:
390:
386:
376:
374:
366:
365:
361:
352:
351:
347:
337:
335:
332:Financial Times
322:
321:
314:
304:
302:
288:
287:
283:
273:
271:
263:
262:
255:
250:
222:
148:
128:
108:Sinar Mas Group
93:Fuganto Widjaja
82:
51:
24:
23:Fuganto Widjaja
17:
12:
11:
5:
778:
776:
768:
767:
762:
757:
752:
747:
737:
736:
731:
730:
705:
694:. 19 June 2019
679:
654:
629:
611:
585:
580:Sinarmasmining
567:
542:
516:
490:
464:
438:
420:
402:
384:
359:
345:
312:
301:on 29 May 2015
281:
252:
251:
249:
246:
221:
218:
147:
144:
127:
124:
88:
87:
84:Oei Hong Leong
76:
72:
71:
68:
64:
63:
60:
56:
55:
46:
42:
41:
38:
34:
33:
30:
26:
25:
22:
15:
13:
10:
9:
6:
4:
3:
2:
777:
766:
763:
761:
758:
756:
753:
751:
748:
746:
745:Living people
743:
742:
740:
720:
716:
709:
706:
693:
689:
683:
680:
668:
664:
658:
655:
643:
639:
633:
630:
625:
621:
615:
612:
600:
596:
589:
586:
581:
577:
571:
568:
556:
552:
546:
543:
530:
526:
520:
517:
505:. 2 July 2015
504:
500:
494:
491:
479:. 2 July 2015
478:
474:
468:
465:
453:. 8 June 2015
452:
448:
442:
439:
434:
430:
424:
421:
416:
412:
406:
403:
398:
394:
388:
385:
373:
369:
363:
360:
355:
349:
346:
334:
333:
327:
319:
317:
313:
300:
296:
292:
285:
282:
270:
266:
260:
258:
254:
247:
245:
241:
237:
234:
230:
226:
217:
214:
210:
207:
204:
201:
197:
194:
192:
187:
183:
180:
176:
174:
170:
165:
161:
158:
154:
151:
145:
143:
141:
137:
133:
125:
123:
121:
117:
113:
109:
105:
100:
99:businessman.
98:
94:
85:
81:(grandfather)
80:
77:
73:
69:
65:
61:
57:
54:
50:
47:
43:
39:
35:
31:
27:
20:
755:1980s births
722:. Retrieved
718:
708:
696:. Retrieved
691:
682:
672:27 September
670:. Retrieved
666:
657:
645:. Retrieved
641:
632:
623:
614:
602:. Retrieved
598:
588:
579:
570:
558:. Retrieved
554:
545:
533:. Retrieved
529:Kontan.co.id
528:
519:
507:. Retrieved
502:
493:
481:. Retrieved
476:
467:
455:. Retrieved
450:
441:
432:
423:
414:
405:
396:
387:
375:. Retrieved
371:
362:
348:
336:. Retrieved
330:
303:. Retrieved
299:the original
294:
284:
272:. Retrieved
269:Bloomberg LP
268:
242:
238:
235:
231:
227:
223:
215:
211:
208:
205:
202:
198:
195:
188:
184:
181:
177:
166:
162:
159:
155:
152:
149:
129:
101:
92:
91:
647:25 November
560:22 November
535:6 September
457:22 November
338:22 November
274:22 November
97:billionaire
62:Businessman
37:Nationality
739:Categories
724:2023-03-23
393:"About Us"
377:4 December
248:References
59:Occupation
40:Indonesian
142:in 2004.
132:Singapore
75:Relatives
45:Education
604:30 April
397:Sinarmas
305:22 April
112:palm oil
698:19 June
692:HR Asia
624:Reuters
86:(uncle)
719:Forbes
509:2 July
483:2 July
146:Career
67:Title
700:2019
674:2018
649:2019
606:2019
562:2018
537:2019
511:2015
485:2015
459:2018
379:2017
340:2018
307:2015
276:2018
29:Born
741::
717:.
690:.
665:.
640:.
622:.
597:.
578:.
553:.
527:.
501:.
475:.
449:.
431:.
413:.
395:.
370:.
329:.
315:^
293:.
267:.
256:^
193:.
175:.
122:.
727:.
702:.
676:.
651:.
626:.
608:.
582:.
564:.
539:.
513:.
487:.
461:.
435:.
417:.
399:.
381:.
356:.
342:.
309:.
278:.
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.