Thermal coal provides around 25% of the global primary energy consumption and generates around 40% of the worlds' total electricity. Bel Global Resources is strategically positioned to benefit from the robust growth in the coal market as Indonesia is the world's largest thermal coal exporter, particularly to China and India. With its well established business networks and excellent relationships with industry players in Indonesia, the Group has extensive coal mining interests and prospects in different parts of the world, in particular, Indonesia, a country with abundant coal reserves.

The Group started shipments of thermal coal of high quality with different grades from March 2009 onwards. Our clients are mostly reputable coal-fired power plants in Asia, especially China. We have entered into a one-year contract with China Huaneng Group, one of the five biggest power plants in China, for a total supply of 500,000 metric tonnes of steam coal starting from May 2009.

In July 2009, the Group entered into the Acquisition Agreement for 2 coal mines situated at the District of Mantewe, Province of South Kalimantan, Indonesia, with aggregate mineral resources not less than 80 million MT. Upon completion, the Group will be engaged in production and sale of coal and operation coal mine business.

Bel Global Resources continues to seek opportunities to realize sustainable growth of its mining operations.