Geo Energy Resources

The Ong family controlling Lian Beng, and substantial shareholders in Geo Energy and Uni-Asia have raised their respective stakes.

“We don’t have a global outlook for coal, but if we did, it would be negative,” says Benjamin Nelson, an analyst at Moody’s Investors Service.

Ratings agencies did not look too kindly at Geo Energy’s consent solicitation and warn noteholders that by rejecting this offer, they run the risk of facing “more onerous terms” in a few months’ time.

Geo Energy Resources announced Wednesday that it has received approval from the Indonesian Government to increase its coal production quota to 12 million tonnes from 8 million tonnes in 2020.

SINGAPORE (Dec 20): With numerous industries around the world depending on the supply of minerals and metals, miners are pivotal to the global economy. Yet, miners seem to have encountered a tough year, grappling with issues such as geopolitical uncertain

(Sept 30): When Geo Energy Resources raised US$300 million in a bond issue in 2017, it was gearing up to buy additional assets. The interest rate of 8% a year on the bond — a hefty US$24 million a year — was something the Indonesia-based, Singapore-li

SINGAPORE (July 1): Heah Theare Haw, a substantial shareholder of Geo Energy Resources, has bought more shares on the open market on June 21. The Singapore Exchange filing dated June 24 shows Heah bought two million shares at 15.3 cents each.

SINGAPORE (May 14): Geo Energy Resources reported 1Q18 earnings ended March fell 39% to US$8.98 million ($12.0 million) from US$14.6 million in 1Q17.

SINGAPORE (Dec 26): Geo Energy Resources, the Indonesian coal mining group, has received an additional prepayment of US$40 million ($53.8 million) from Engelhart CTP (Singapore) (ECTP) for the supply of coal in 2018.