How We Do It


“Transformation into a nimble and competitive
business model by changing from a mining services
operator to a low-cost coal producer”

We have strong business relationships and strategic partnerships with the major players in the industry.
✔Outsourced mining services to one of the largest mining services company.
✔Coal sales off-take and prepayments with major international commodity trading houses.




Mining contractor - SDJ

Awarded a more than US$ 400 million mining services contract over the Life of Mine (LOM) on the SDJ coal mine. Commenced production in late 2015.

Mining contractor – TBR, others
(BUMA or Others)

Signed agreement with BUMA for the mining services contract over the LOM on the TBR coal mine. This contract has an estimated contract value of over US$500 million. The development of the mine and its first coal production is expected to be in 2Q 2018.

Coal sales off-taker - SDJ

Off-take over the LOM on certain minimum quantity for a year with prepayment. 2017 minimum quantity committed is a minimum of 7 million tonnes with
US$ 40 million prepayment in December 2016 paid.

Coal sales off-taker – TBR, others
(ECTP or Others)

Currently under negotiation for off-take over TBR LOM on certain minimum quantity for a year with prepayment for 2017/2018 not expected to be less than the SDJ sales off-take.