Coal

Coal Assets

Altura has coal interests in Indonesia, and in Philippines:

Delta Coal

Altura purchased its one-third stake in Delta coal in 2013. The Delta mine is located on the island of Kalimantan in Indonesia and produces a medium energy thermal coal at a current rate of 600,000 tpa. Altura has taken the decision to divest this asset as soon as practical.

Tabalong Coal

The Tabalong Coal Project is a premium grade thermal coal deposit located in South Kalimantan, Indonesia. The Project consists of five (5) Mining Licences (IUPs) along a strike length of 25 kilometres, with all five (5) IUPs being granted for Operation Production. Altura was granted the first in-principal forestry permit in late 2014. Altura has taken the decision to divest this asset as soon as practical.

Philippines

Altura believes that coal resources in the Philippines are generally underexplored and production is primarily focussed on domestic power supply rather than export. Currently there is a significant energy deficit in the Philippines, which is now a net importer of thermal coal which creates an immediate domestic market.