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Geo Energy acquires majority stake in two Indonesia coal mines for US$25m

It will pay with existing cash; long-stop date for completion is Dec 31, 2019


COAL producer Geo Energy Resources has acquired a majority stake in two South Sumatra coal mines for US$25 million.

It will buy PT Titan Global Energy (TGE) from PT Titan Infra Energy (TIE) and its affiliate, PT Jaya Utama Indonesia (JUI).

This will give Geo Energy...

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