You are here

Geo Energy buys out a Kalimantan coal mine for US$90m

Acquisition doubles group's coal reserves; group to hold talks for billion-dollar supply deal over lifespan of mine


GEO Energy Resources has added a third coal mine under its belt that will double its coal reserves to over 100 million tonnes following its latest acquisition of a mine in South Kalimantan, Indonesia for US$90 million.

Sweetening the prospects further, the Singapore-...