Geo Energy locks in $1.90b valuation for coal infrastructure unit with ResInvest deal

The two will also form a marketing JV.

Geo Energy Resources Limited (Geo Energy) has signed a binding term sheet with ResInvest to invest in its PT Marga Bara Jaya (MBJ) subsidiary at a valuation of $1.90b (US$1.5b), with the final investment amount and percentage holding to be confirmed in a definitive agreement.

The investment is structured in two tranches, with an initial capital injection targeted for the third quarter of 2026 and the remainder to follow in the first quarter of 2027. Geo Energy described the amount under discussion as substantial.

MBJ comprises a 92-kilometre hauling road and jetty capable of handling up to 50 million tonnes of coal per year at full operational capacity.

The group said the infrastructure is targeted to generate up to an additional $380.61m (US$300m) in EBITDA annually within a few years, underscoring its scale and commercial potential.

Alongside the MBJ investment, Geo Energy and ResInvest Commodities Pte Ltd will form a marketing joint venture aimed at maximising returns from the sales of coal produced by another Group subsidiary, PT Triaryani.

Geo Energy said further announcements will be made once the definitive agreement has been signed.

The news follows Geo Energy completing a share placement of 35 million new ordinary shares.

US$1 = $1.27.

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