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Geo Energy optimistic about prospects after restructuring
It is now exploring various ways to raise funding for its expansion, including buying more coal mines
Add BT as a preferred sourcePublished Fri, Apr 14, 2017 · 09:50 PM
Singapore
HAVING restructured its business to focus on mine ownership rather than mining services, Geo Energy is now ready to stretch its sails to catch the new wind in coal prices.
On the cards are plans to expand coal production and acquire even more mines to boost its reserves. The group has come a long way from the days when it was just a step away from being added to Singapore Exchange's watchlist for companies that have been in the red for three years, CEO Tung Kum Hon told The Business Times.
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