Geo Energy Resources Limited has introduced that its MBJ Integrated Infrastructure venture has reached 80% completion, with full operational readiness anticipated by early third quarter 2026. The venture, which features a 92-kilometer hauling highway and jetty in South Sumatera, is on observe for completion by June or July 2026.
Truck hauling trials are set to start in April 2026, following agreements with PT Citra Andalan Mobilindo Cemerlang and China North Vehicle Corporation Limited. These trials will assess varied operational parameters, guaranteeing the infrastructure’s readiness for full-scale operations.
The firm has secured two binding time period sheets with third-party coal producers for an combination haulage quantity of 9 million tonnes each year. This transfer is a part of Geo Energy’s technique to determine a brand new, recurring toll-based income stream from the MBJ infrastructure.
At full capability, the MBJ venture is anticipated to deal with round 50 million tonnes of haulage each year, doubtlessly producing as much as a further $300 million in EBITDA yearly for Geo Energy.
In parallel, the corporate has set a coal manufacturing goal of 11.5 to 12.5 million tonnes for 2026, topic to approvals from the Ministry of Energy and Mineral Resources. The current surge in ICI4 coal costs to $59.97 per tonne as of March 13, 2026, might considerably enhance the corporate’s earnings, doubtlessly producing between $170 million and $200 million in EBITDA from coal gross sales alone.
Geo Energy’s Executive Chairman and CEO, Charles Antonny Melati, highlighted the strategic significance of the MBJ infrastructure, noting its potential to considerably improve the corporate’s monetary efficiency and help its long-term progress imaginative and prescient.