Geo Energy says Indonesia’s export oversight plan poses no material impact

SGX Filings
Jun 22

Geo Energy Resources (RE4) said on Jun, 22 2026 that recent clarifications from Indonesian authorities confirm the country’s proposed transfer-pricing watchdog, Danantara Indonesia, will act only as a trade-oversight intermediary and will not assume ownership of existing coal export contracts or customer relationships.

The miner noted that Danantara’s role will focus on monitoring compliance and preventing under-invoicing and other fraudulent export practices, leaving producers’ business-to-business arrangements intact.

Given these assurances, Geo Energy said it does not expect any material impact on its mining, logistics or sales activities. The group added that its governance standards and longstanding ties with regulators position it well to meet any new reporting or transparency requirements.

Separately, the company reported that construction of the 92-kilometre PT Marga Bara Jaya integrated haul road and barge-loading facility remains on schedule, with probationary operations targeted for mid-Jul, 2026. Management said the project will bolster supply chain traceability and create potential third-party throughput income.

Geo Energy also highlighted resilient market conditions, noting that the Indonesian Coal Index 4,200 GAR price has risen to US$67.26 per tonne as of Jun, 19 2026, up from US$64.43 per tonne on May, 22 2026.

The board said it will update shareholders on any further material developments related to Indonesia’s evolving export framework.

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