10 Aug '18, 12am

Friendship blossoms between 3-year-old boy and foreign workers

SINGAPORE - Geo Energy Resources' unit, PT Tanah Bumbu Resources (TBR), has completed its first shipment of 50,000 tonnes of coal worth more than US$2 million from its TBR mine to PT Sulawesi Mining Investment, part of Chinese state-owned Tsingshan Holding Group. The shipment will be part of the group's fulfilment of its domestic market obligation (DMO) requirement set by the Indonesian government, Geo Energy noted. The Indonesian government has set DMO guidelines where 25 per cent of planned production is to be set aside for domestic market consumption for all coal producers based in Indonesia to fulfil the nation's growing energy needs. The shipment came out of TBR's total production of around 88,000 tonnes as at July 31, 2018, the mainboard-listed coal producer announced on Friday morning (Aug 10). Production of the mine commenced in June 2018, following its development...

Full article: https://www.straitstimes.com/business/companies-markets/g...

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Friendship blossoms between 3-year-old boy and foreign workers

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