SINGAPORE (June 27): Indonesia-based coal producer Geo Energy Resources has signed a new offtake agreement with Trafigura for its PT Sungai Danau Jaya (SDJ) mine.

Under the new offtake expected to start from Jan 1 2020, Trafigura, one of the largest physical commodities trading groups in the world, will buy and Geo Coal will sell the entire SDJ coal production for the remaining life of mine after fulfilling its domestic market obligations.

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