What Golden Eagle Energy does

Golden Eagle Energy is an Indonesian coal mining company headquartered in Jakarta that operates as a commodity producer in the extraction and sale of thermal coal. The company sells coal to regional buyers, including utilities and industrial customers across Asia, serving the energy generation and industrial fuel supply markets. Founded in 1980 and listed on the Indonesia Stock Exchange under the ticker idx:SMMT, the company operates with a workforce of 101-250 employees. The company's customer positioning is tied to the regional Asian energy sector, with Asian governments and utilities reassessing coal-phaseout policies amid geopolitical disruptions to Strait of Hormuz oil and LNG shipments. During the Iran conflict period, Golden Eagle Energy's stock price rose nearly 30%, outperforming broader global corporate bond markets and positioning the company as a regional energy-security asset in investor narratives.

The company's primary product is thermal coal sold through hardware-style sales channels to energy generation and industrial buyers. Its business model is straightforward commodity extraction and sale, with revenue mechanics tied directly to coal volumes and prevailing regional benchmark prices. No proprietary technology, branded product lines, patents, or differentiated technical platforms are documented in available sources; the company's product overview is limited to undifferentiated thermal coal. Customer relationships are characterized by the fungibility of thermal coal as a commodity, with buyers prioritizing price, freight cost, and quality specifications.

Golden Eagle Energy generates revenue through coal extraction and sale, with reported financial figures indicating revenues in the tens of trillions of Indonesian Rupiah across the 2021-2025 period. Revenue scaled from approximately 35.6 trillion IDR in 2021 to a 2025 figure of 103.6 trillion IDR, with significant interim volatility including a 2022 peak and a 2024 trough. Net income peaked at 23.3 trillion IDR in 2022 before declining sharply to 2.1 trillion IDR in 2024 and partially recovering to 4.0 trillion IDR in 2025. Enterprise value grew from 129.5 trillion IDR in 2022 to 296.5 trillion IDR in 2025, reflecting market revaluation likely tied to the geopolitical energy security theme. No subsidiaries, M&A activity, leadership changes, or product launches are documented in available sources, and pricing details are not publicly disclosed.

Name

Golden Eagle Energy

Website

https://go-eagle.co.id

Company type

Public

Founded year

1980

Operating status

Operating

Headcount range

101–250 employees

Short description

Golden Eagle Energy is an Indonesian coal mining company that extracts and sells thermal coal to regional Asian utilities and industrial customers. It is publicly traded on the Indonesia Stock Exchange under the ticker idx:SMMT and supplies coal for energy generation and industrial fuel use.

Ownership category

akta.pro rank

Product category

Thermal Coal Mining

SIC

Bituminous Coal & Lignite Mining (1220)

akta.pro primary industry

Coal Marketing & Trading (IMAKAIAK)

akta.pro secondary industries

Coal Exploration & Resource Development (IMAKAIAE), Coal & Petcoke Trading & Marketing (EUAGAAAF)

Keywords

• Thermal coal mining
• Coal extraction
• Energy commodities
• Industrial fuel supply
• Coal production

Headquarters

HQ city

Jakarta

HQ country

Indonesia

HQ region

Asia

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Personnel, Infrastructure, Supply Chain

Revenue model

1. Coal Mining and Sales: Golden Eagle Energy operates as an Indonesian coal miner, generating revenue through the extraction and sale of coal. As a commodity producer, the company sells coal to regional buyers including utilities and industrial customers in Asia.

Core offering

Golden Eagle Energy extracts and sells coal as a commodity energy product to regional Asian buyers, including utilities and industrial customers. The company generates revenue through the physical production and sale of coal, positioning itself as a fallback fuel supplier for Asian economies facing energy security disruptions affecting oil and LNG shipments.

Product overview

Golden Eagle Energy is an Indonesian coal mining company. Based on the available sources, no specific product names, service offerings, or product portfolio details were identified. The sources focus on financial performance metrics during the Iran conflict period rather than product or service descriptions.

Differentiator

Problem solved

Functional benefit

Products and services

• Thermal Coal

Quantifiable outcome

• Stock price increased nearly 30% since Iran conflict began

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators2 records

Recent moves3 records

Expansion highlights3 records

Broad incumbents

• CONSOL Energy: US-based coal and natural gas producer with thermal coal export exposure to Asia. Comparable as a publicly listed coal operator with exposure to international seaborne coal markets.
• Glencore: Global diversified mining and trading major with significant thermal and metallurgical coal operations. Comparable exposure to seaborne coal pricing and Asian demand, though much broader portfolio than a pure-play Indonesian coal miner.
• Peabody Energy: Largest US-based coal producer with thermal and metallurgical coal exposure. Comparable as a publicly listed coal operator exposed to global seaborne coal pricing, though serving different regional markets.

Direct peers

• Bukit Asam: Indonesian state-owned coal-mining company. Comparable as a domestic Indonesian coal operator with significant exposure to Asian export markets and domestic power-generation customers.
• Indika Energy: Indonesian diversified energy and coal-mining group listed on IDX. Directly comparable to Golden Eagle Energy as an Indonesian coal operator benefiting from the same regional energy-security dynamics, and explicitly mentioned alongside Golden Eagle Energy in the source material.
• Bayan Resources: Indonesian coal-mining group producing thermal coal for export. Directly comparable in product mix (thermal coal), geography (Indonesia), and customer base (Asian utilities and traders).
• Bumi Resources: Indonesia's largest thermal coal producer. Comparable Indonesian coal-mining peer with overlapping customer base and exposure to Asian thermal coal pricing.
• Whitehaven Coal: Australian thermal and metallurgical coal producer. Listed in source material as a comparable Asian-Pacific coal miner benefiting from regional energy security concerns, with similar commodity exposure to Asian thermal coal markets.
• Adaro Energy: One of Indonesia's largest coal producers, listed on IDX. Direct competitor in Indonesian thermal coal with similar customer base across Asia and exposure to global seaborne coal price dynamics.

Regional players

• PT Aneka Tambang (Antam): Indonesian diversified mining company (nickel, gold, bauxite) with coal exposure. Comparable as an Indonesian-listed diversified miner serving domestic and regional Asian commodity markets.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/pt-triaryani

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Golden Eagle Energy