Geo Energy Resources Ltd. (SG:RE4) has released an update.
Geo Energy Resources Ltd. has inked a USD 150 million agreement with two Chinese state-owned enterprises to create a comprehensive infrastructure project in Indonesia. This project includes a 92-kilometer hauling road and jetty, aiming to enhance access to international export markets for the region’s coal mines. The infrastructure is expected to handle up to 50 million tonnes annually, significantly boosting the capacity of Geo Energy’s own coal mines and offering services to neighboring operations.
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