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Geo Energy buys out a Kalimantan coal mine for US$90m

Acquisition doubles group's coal reserves; group to hold talks for billion-dollar supply deal over lifespan of mine
Tuesday, July 19, 2016 - 05:50

Singapore

GEO Energy Resources has added a third coal mine under its belt that will double its coal reserves to over 100 million tonnes following its latest acquisition of a mine in South Kalimantan, Indonesia for US$90 million.

Sweetening the prospects further, the Singapore-

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