Geo Energy MBJ project 80% complete, July finish on track
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Geo Energy Resources Limited's MBJ project in South Sumatera is 80% complete and on track for a June or July 2026 finish. Truck hauling trials will start in April 2026. The project includes a 92-kilometre road and jetty, with secured haulage agreements for nine million tonnes per annum. At full capacity, the project could generate up to $384 million in annual EBITDA. Coal prices have risen, and the company targets coal production of 11.5 to 12.5 million tonnes for 2026, potentially yielding $217.6 million to $256 million in EBITDA from coal sales.
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Source: Singapore Business Review The copyright of this article belongs to the original author/organization.
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