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In terms of creating long-term maximum value of coal, we have included the acquisition of coal mines into our strategy. In 2012, we spent $ 372 million USD, to acquire a controlling stake in two coal deposits and the coal logistics company. We also purchased 10% ownership of a large coal deposits, and we hope in the end we will be able to acquire a controlling stake. This investment adds first coal acquisitions made in March 2011.

Regarding coal joint venture, we are making significant progress. TCT (The Coal Trade), a metallurgical coal project. During 2011, we increased confidence and build trust and highly motivated by the project and kemitraannya.TCT did a great job and we were pleased with the role that we have. They announced a phased approach to development is planned, starting in early 2012, with the construction of roads and related infrastructure to support future mine development.

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PLANS

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100 Business Days
Plan Spent Amount ($) Daily Profit (%)
Lignite $10 - $1,000 3.00
Bituminous $1,001 - $5,000 3.20
Anthracite $5,001 - $100,000 3.50

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