Investments
1Partners & Customers
2About Geo Energy Resources
Geo Energy Resources (SGX: RE4), aka Geo Energy Group, is a coal mining group operating out of Indonesia. Headquartered in Singapore with a Branch Office in Jakarta, Indonesia, Geo Energy Group was established in 2008.
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Latest Geo Energy Resources News
Sep 25, 2023
The company will use the loan to fund certain acquisitions. SGX-listed Geo Energy Resources Limited has secured US$220m term loan facilities from PT Mandiri. In a bourse filing, the company said it will use the loan to fund certain acquisitions, working capital and other capital expenditure requirements. “The loan facilities will be a key driver for our corporate growth and strategy following the transformational acquisition of a controlling stake in the listed Indonesian coal mining group as announced on 26 July 2023. The core asset of this listed group, PT Triaryani (“TRA mine”) has 2P (Proved and Probable) reserves of almost 300 million tonnes. The company said the loan facilities will allow it to ramp up production levels and fund the mining and infrastructure development required to support and achieve PT Triaryani’s targeted production volume of 25 million tonnes annually. PT Triaryani is the core asset of the company. Follow the link for more news on
Geo Energy Resources Investments
1 Investments
Geo Energy Resources has made 1 investments. Their latest investment was in Charged Asia as part of their Loan on August 8, 2023.
Geo Energy Resources Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
8/28/2023 | Loan | Charged Asia | $4M | Yes | 3 |
Date | 8/28/2023 |
|---|---|
Round | Loan |
Company | Charged Asia |
Amount | $4M |
New? | Yes |
Co-Investors | |
Sources | 3 |
Geo Energy Resources Acquisitions
2 Acquisitions
Geo Energy Resources acquired 2 companies. Their latest acquisition was Golden Eagle Energy on August 24, 2023.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
|---|---|---|---|---|---|---|
8/24/2023 | Corporate Majority - P2P | 1 | ||||
11/19/2016 |
Date | 8/24/2023 | 11/19/2016 |
|---|---|---|
Investment Stage | ||
Companies | ||
Valuation | ||
Total Funding | ||
Note | Corporate Majority - P2P | |
Sources | 1 |
Geo Energy Resources Partners & Customers
2 Partners and customers
Geo Energy Resources has 2 strategic partners and customers. Geo Energy Resources recently partnered with Tsingshan Group on August 8, 2018.
Date | Type | Business Partner | Country | News Snippet | Sources |
|---|---|---|---|---|---|
8/10/2018 | Client | China | Geo Energy completes first coal shipment from TBR mine to China steelmaker Tsingshan The sale `` marks the start of a partnership with Tsingshan '' , which has a strong domestic presence in Indonesia , said Geo Energy 's chief executive Tung Kum Hon. `` We expect PT Tanah Bumbu Resources 's coal production to be ramped up in the coming months and we target a coal sale of 100,000-150 ,000 tonnes for August 2018 . | 2 | |
8/10/2018 | Client |
Date | 8/10/2018 | 8/10/2018 |
|---|---|---|
Type | Client | Client |
Business Partner | ||
Country | China | |
News Snippet | Geo Energy completes first coal shipment from TBR mine to China steelmaker Tsingshan The sale `` marks the start of a partnership with Tsingshan '' , which has a strong domestic presence in Indonesia , said Geo Energy 's chief executive Tung Kum Hon. `` We expect PT Tanah Bumbu Resources 's coal production to be ramped up in the coming months and we target a coal sale of 100,000-150 ,000 tonnes for August 2018 . | |
Sources | 2 |
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