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Geo Energy Resources
Commodities
Noteholders snub Geo Energy's bid as coal miner tries to prove higher reserves
Ratings agencies did not look too kindly at Geo Energy’s consent solicitation and warn noteholders that by rejecting this offer, they run the risk of facing “more onerous terms” in a few months’ time.
June 19, 2020
Commodities
Geo Energy Resources granted approval to increase coal production
Geo Energy Resources announced Wednesday that it has received approval from the Indonesian Government to increase its coal production quota to 12 million tonnes from 8 million tonnes in 2020.
June 10, 2020
Mining
Gold shines as geopolitical worries grow; coal slumps with call for green energy
SINGAPORE (Dec 20): With numerous industries around the world depending on the supply of minerals and metals, miners are pivotal to the global economy. Yet, miners seem to have encountered a tough year, grappling with issues such as geopolitical uncertain
December 20, 2019
M&A
One acquisition down, and a bigger one in the works for Geo Energy
(Sept 30): When Geo Energy Resources raised US$300 million in a bond issue in 2017, it was gearing up to buy additional assets. The interest rate of 8% a year on the bond — a hefty US$24 million a year — was something the Indonesia-based, Singapore-li
September 27, 2019
Heah Theare Haw snaps up Geo Energy shares at 52-week low
SINGAPORE (July 1): Heah Theare Haw, a substantial shareholder of Geo Energy Resources, has bought more shares on the open market on June 21. The Singapore Exchange filing dated June 24 shows Heah bought two million shares at 15.3 cents each.
June 28, 2019
Results
Geo Energy posts 39% drop in 1Q earnings to $12 mil on lower sales and higher finance costs
SINGAPORE (May 14): Geo Energy Resources reported 1Q18 earnings ended March fell 39% to US$8.98 million ($12.0 million) from US$14.6 million in 1Q17.
May 14, 2018
Commodities
Geo Energy Resources receives additional US$40 mil prepayment for 2018 coal supply
SINGAPORE (Dec 26): Geo Energy Resources, the Indonesian coal mining group, has received an additional prepayment of US$40 million ($53.8 million) from Engelhart CTP (Singapore) (ECTP) for the supply of coal in 2018.
December 26, 2017
Broker's Calls
Geo Energy kept at 'buy' on expanding war chest
SINGAPORE (Nov 28): Phillip Securities Research is keeping its positive stance on coal producer Geo Energy Resources on the back of an improving war chest amid robust production.
November 28, 2017
Geo Energy pays interim dividend as earnings rise, eyes another acquisition
(Nov 20): Geo Energy Resources has achieved a big improvement in profitability this year, on increased production at its coal mine in Indonesia as well as higher selling prices. And, production at its second mine could kick off next year. Now, confident t
November 21, 2017