In April 2015, he revealed a surprise takeover bid for Asia Resource Minerals, the coal mining company founded by Nathaniel Rothschild.
[5] 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.
[10] 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.
Gear Innovation Network focuses on transforming capital-intensive industries such as mining, logistics and construction through digital technologies in Southeast Asia.
[16] 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.
[20] 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.
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.