Back 18 May 2026

Geo Energy Secures Offtake MOU for the Group’s Future Hard Coking Coal Business with Trafigura for up to US$100 Million Prepayment; and Mining Services MOU with PT East Wonders Indonesia

  • A significant prepayment amount of US$50-100 million has been agreed with Trafigura Pte Ltd (“Trafigura”) to secure future offtake of PT Harfa Taruna Mandiri (“Harfa”) coal. This offtake prepayment amount will boost the Group’s cash position and fund the capital required for the ramp-up and operations of Harfa.

  • An experienced underground mining contractor, PT East Wonders Indonesia (“EWI”), backed by China mining giant, Shanxi Yulong Group, has committed to successfully perform the underground mining operations of Harfa for the next 15 years, including potential funding of certain CAPEX and operational costs.

    See link for full release: https://geoenergy.listedcompany.com/news.html/id/2614539