Geo Energy secures 9 million tonnes-per-year haulage term sheets as MBJ project reaches 80% completion

Reuters

03/17

<a href="https://laohu8.com/S/GEO">Geo</a> Energy secures 9 million tonnes-per-year haulage term sheets as MBJ project reaches 80% completion

Geo Energy said its MBJ integrated infrastructure project, comprising a 92 km hauling road and jetty, reached 80% completion and remains on track for completion in June/July 2026. The company signed two binding term sheets with third-party coal producers for about 9 million tonnes per annum of haulage volume. It reported ICI4 coal prices rose 29.3% to USD 59.97 per tonne from a 4Q2025 average of USD 46.37 per tonne. Geo Energy set a 2026 coal production target of 11.5-12.5 million tonnes, subject to final RKAB approvals. It said that, at current coal prices, this production range could generate USD 170-200 million in EBITDA from coal sales in 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Geo Energy Resources Limited published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: CPMWJD77ZP0CXISE) on March 17, 2026, and is solely responsible for the information contained therein.

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The company signed two binding term sheets with third-party coal producers for about 9 million tonnes per annum of haulage volume. It reported ICI4 coal prices rose 29.3% to USD 59.97 per tonne from a 4Q2025 average of USD 46.37 per tonne. Geo Energy set a 2026 coal production target of 11.5-12.5 million tonnes, subject to final RKAB approvals. It said that, at current coal prices, this production range could generate USD 170-200 million in EBITDA from coal sales in 2026.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n<i>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Geo Energy Resources Limited published the original content used to generate this news brief via <a href=\"https://laohu8.com/S/SPXCF\">Singapore Exchange</a> Limited (SGX) (Ref. ID: CPMWJD77ZP0CXISE) on March 17, 2026, and is solely responsible for the information contained therein.</span></i>\n</p>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2242646235.USD","symbol_name":"FIDELITY FUNDS GLOBAL DIVIDENDS PLUS \"A\" (USD) ACC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260317:nNDL3P58gG:1","article_id":"2620844076","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2620844076","pubTimestamp":1773739852,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Geo Energy said its MBJ integrated infrastructure project, comprising a 92 km hauling road and jetty, reached 80% completion and remains on track for completion in June/July 2026. 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The company signed two binding term sheets with third-party coal producers for about 9 million tonnes per annum of haulage volume. It reported ICI4 coal prices rose 29.3% to USD 59.97 per tonne from a 4Q2025 average of USD 46.37 per tonne. Geo Energy set a 2026 coal production target of 11.5-12.5 million tonnes, subject to final RKAB approvals. It said that, at current coal prices, this production range could generate USD 170-200 million in EBITDA from coal sales in 2026.\n      \n\n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Geo Energy Resources Limited published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. 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