Geo Energy begins MBJ coal loading with $4.2m cargo

The group is targeting coal sales of about 8 million tonnes in H2.

Singapore-listed Indonesian group Geo Energy Resources has begun MBJ’s first coal-loading operations through the new 92km hauling road and jetty serving the PT Triaryani (TRA) mine.

The first operation began on 16 July and involved about 50,000 tonnes of coal for sale to a domestic customer, valued at around $4.2m (US$3.2m).

The hauling road and jetty are designed to support a gradual increase in production at the TRA mine to between 20 million and 25 million tonnes a year.

Following the start of operations at MBJ, the group is targeting coal sales of about 8 million tonnes in the second half, more than double the volume recorded in the first six months of the year.

Meanwhile, the group said the project could lift its annual EBITDA by up to about $455m (US$350m) through cost savings once the mine reaches its targeted full capacity of 25 million tonnes.

The target remains subject to approvals for Indonesia’s Rencana Kerja Anggaran Biaya production quotas, it added.

The group also plans to lease unused hauling and jetty capacity to nearby miners, estimating that this could generate up to $325m (US$250m) in recurring annual third-party EBITDA.

Geo Energy sold about 3.6 million tonnes of coal in the first half of 2026.

$1 = U$0.77

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