Geo Energy Resources' Integrated Infrastructure Project in Indonesia Reaches 80% Completion

MT Newswires

03/17

Geo Energy Resources (SGX:RE4) said its integrated infrastructure project under Marga Bara Jaya in South Sumatra, Indonesia, achieved 80% completion and is set for completion by June or July, according to a Tuesday filing with the Singapore Exchange.

Marga Bara will begin truck trials in April, which will be supported by coal hauling trial services from Citra Andalan Mobilindo Cemerlang and China North Vehicle Corporation.

The company has also signed binding term sheets with two third-party coal producers for an aggregate haulage of around 9 million tons per year.

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