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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

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Ng Ren Jye

Published Mon, Sep 23, 2019 · 09:50 PM

Singapore

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).

Geo EnergyIndonesia

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