Geo Energy signs coal offtake MoU with Trafigura
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Geo Energy Resources has signed two non-binding MoUs for acquiring high-value coking coal in Central Kalimantan. Trafigura will offtake 100% of export volumes from PT Harfa Taruna Mandiri, with a potential prepayment of $64.1m to $128.1m. Additionally, Geo Energy partnered with PT East Wonders Indonesia for underground mining services, involving an initial capex of $76.9m. These agreements aim to enhance Geo Energy's position in the premium hard coking coal market and attract institutional investors.
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Source: Singapore Business Review The copyright of this article belongs to the original author/organization.
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