Geo Energy has committed to a minimum annual supply of 5 million metric tonnes of coal to Trafigura from the SDJ mine during 2020 to 2022.
SINGAPORE (June 27): Indonesia-based coal producer Geo Energy Resources has signed a new offtake agreement with Trafigura for its PT Sungai Danau Jaya (SDJ) mine.
Under the new offtake expected to start from Jan 1 2020, Trafigura, one of the largest physical commodities trading groups in the world, will buy and Geo Coal will sell the entire SDJ coal production for the remaining life of mine after fulfilling its domestic market obligations.
