Corporate digest
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Geo Energy Resources
COAL mining group Geo Energy Resources has agreed to supply global commodities group Engelhart CTP (Singapore) with at least seven million tonnes of coal next year under an earlier-agreed offtake agreement. Geo Energy Resources will receive a prepayment of US$40 million for 2017 in conjunction with this supply. In July this year, the group secured a deal to supply Engelhart CTP for the entire lifespan of its wholly owned coal mine.
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