Geo Energy Resources Ltd. (SG:RE4) has released an update.
Geo Energy Resources Ltd. has announced a major USD 13 million deal for infrastructure development through its subsidiary PT Marga Bara Jaya (MBJ), which will bolster the operations of their TRA Coal Mine in South Sumatra. The deal follows Geo Energy’s acquisition of a majority interest in MBJ, advancing their control over critical mining infrastructure with a projected annual capacity of up to 50 million tonnes. This strategic move will enhance access to international export markets and increase the value generated from the company’s coal mining group.
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