Geo Energy reaps rewards of lower cash costs, higher output in H1

摘要

Coal miner Geo Energy recorded stronger revenue and profits in the first half of 2020, largely due to lowered cash costs and higher output. Geo, a Singapore-listed company with Indonesian coal concessions, Sungai Danau Jaya (SDJ) and Tanah Bumbu Regency (TBR), mined just over 5.0 mt in the first half of the year, up 43% on the year from 3.5 mt.