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KAL Energy, Inc. is a U.S. listed coal mining company, focused on the exploration and development of thermal coal resources in Kalimantan, Indonesia.
Through its wholly owned subsidiary of Thatcher Mining Pte. Ltd., KAL Energy has economic rights to two coal concessions near the Mahakam River in East Kalimantan, Indonesia, one of which has a JORC Compliant resource of 248 million tonnes (141 Mt Indicated, 107 Mt Inferred).
KAL Energy has commenced environmental and feasibility studies, and will carry out further exploration activities, in order to determine the commercial viability of these concessions. The Company intends to develop and produce coal in a socially, environmentally and economically sustainable manner, as guided by the Equator principles.
End markets for KAL’s thermal coal product include local Indonesian consumers as well as export markets in India, China, North Asia, and Southeast Asia.
KAL Energy is incorporated in the State of Delaware and is publicly traded on the NASDAQ OTCBB, ticker symbol KALG.