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Geo Energy Resources signs road use agreement with two other miners; investor commits at least US$50 million more

The Edge Singapore
The Edge Singapore  • 2 min read
Geo Energy Resources signs road use agreement with two other miners; investor commits at least US$50 million more
Shareholder Resource Invest has signed an MOU to invest between US$50 million and US$100 million. Photo: Bence Balla Schottner via Unsplash
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Geo Energy Resources has signed non-binding term sheets with two mining groups for the use of a road it is building in South Sumatra to bring coal from their mines to a jetty for export.

Besides producing coal itself, Geo Energy Resources (SGX:RE4) has an infrastructure unit PT Marga Bara Jaya (MBJ) that is building this 92-km road and the associated jetty.

Construction began last August and is slated for completion in the first half of 2026.

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