Geo Energy Resources Secures Contract To Supply 1.5 Million Tonnes Of Coal
Geo Energy Resources has entered into a contract to supply 1.5 million tonnes of coal to BTG Pactual Commodities (Singapore).
The contract will span one year commencing August 2015 and the coal will be supplied from the CV. Mandiri Makmur Citra Tambang (MMCT) and the PT Sungai Danau Jaya (SDJ) mining concessions with an average calorific value of 4,200 kcal per kg.
The group entered into a coal mining arrangement with MMCT in July 2014, to produce and sell coal from the concession, while SDJ was acquired by Geo Energy in August 2014 with coal reserve of approximately 42 million tonnes.
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