---
title: "Geo Energy signs coal offtake MoU with Trafigura"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286977671.md"
description: "Geo Energy Resources has signed two non-binding MoUs for acquiring high-value coking coal in Central Kalimantan. Trafigura will offtake 100% of export volumes from PT Harfa Taruna Mandiri, with a potential prepayment of $64.1m to $128.1m. Additionally, Geo Energy partnered with PT East Wonders Indonesia for underground mining services, involving an initial capex of $76.9m. These agreements aim to enhance Geo Energy's position in the premium hard coking coal market and attract institutional investors."
datetime: "2026-05-19T23:45:30.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286977671.md)
  - [en](https://longbridge.com/en/news/286977671.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286977671.md)
---

# Geo Energy signs coal offtake MoU with Trafigura

**The non-binding deal includes a potential $64.1m to $128.1m prepayment.**

Geo Energy Resources has signed two non-binding memoranda of understanding related to its potential acquisition of high-value coking coal in Central Kalimantan.

Under the first MoU, Trafigura intends to offtake and market 100% of export volumes from PT Harfa Taruna Mandiri’s coal, estimated at around 1.5 million tonnes per year.

Trafigura is expected to provide Geo Energy with a $64.1m (US$50m) to $128.1m (US$100m) offtake prepayment, subject to definitive agreements. The funds will support Harfa’s ramp-up and operations and strengthen the group’s cash position.

Harfa coal is expected to be sold at hard premium coking coal market prices, less an offtake or marketing fee.

Geo Energy also signed an MOU with PT East Wonders Indonesia, an underground mining contractor backed by Shanxi Yulong Group.

Under the agreement, EWI will provide underground mining services for Harfa for 15 years, including potential funding of certain capital expenditures and operating costs.

The MOU involves an initial capex of $76.9m (US$60m) to set up underground mining until first production.

Based on a preliminary feasibility study and analysis, EWI is confident of estimated reserves of 15 million to 20 million tonnes of premium hard coking coal.

Geo Energy said the potential acquisition and partnerships would support its expansion into the premium hard coking coal market, diversify its portfolio, and strengthen its appeal to institutional investors.

($1 = US$0.78)

### Related Stocks

- [RE4.SG](https://longbridge.com/en/quote/RE4.SG.md)

## Related News & Research

- [Geo Energy locks in $1.90b valuation for coal infrastructure unit with ResInvest deal](https://longbridge.com/en/news/285911418.md)
- [Geo Energy MBJ project 80% complete, July finish on track](https://longbridge.com/en/news/279533889.md)
- [Red Metal Signs Mining Agreement at Carrizal IOCG Project | RMESF Stock News](https://longbridge.com/en/news/286387872.md)
- [International Energy Agency Is Wrong To Forecast Coal's Demise](https://longbridge.com/en/news/286899857.md)
- [1911 Gold Advances True North Toward 2027 Production with Start of Underground Development and Test Mining Preparation | AUMBF Stock News](https://longbridge.com/en/news/286900392.md)