PT Tanah Bumbu Resources (TBR), subsidiary of SGX-listed Geo Energy Resources Ltd, has just granted mining services contract to BUMA, mining contracting subsidiary of Delta Dunia Makmur (DOID), with estimated value of over US$500 million.
Read MoreShares of SGX-listed company Geo Energy Resources Ltd, which operates coal mines in Indonesia, ended lower by nearly 2% Tuesday (Dec 26) despite announcement of higher coal offtake volume by Engelhart CTP (Singapore) Pte Ltd next year. According to the Company, trading firm Engelhart will absorb 7.5 million tons of thermal coal from PT Sungai Danau Jaya (SDJ), subsidiary of Geo Energy, next year.
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