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Geo Energy wraps up US$55m acquisition of coal mine

Move will raise its coal reserve bank to more than 40 million tonnes

INDONESIAN coal-mining specialist Geo Energy Resources has completed its acquisition of a 66 per cent stake in Borneo International Resources (BIR) for US$55 million.By acquiring BIR, which through its Indonesian subsidiaries owns the new concession (SDJ) in South Kalimantan, Singapore-listed