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Our business strategy and future plans entail the following:–

Acquisition of additional mining equipment and machinery

We intend to acquire additional heavy duty and large capacity mining equipment and machinery, including heavy duty excavators, dumptrucks and bulldozers. A larger and enhanced fl eet of mining equipment and machinery would facilitate the intended increase in production capacity of our mining operations at the BEK Concession Area as well as to better support the operations of our new Borneo Contract. It would also give us the fl exibility to better allocate our resources to any new mining contracts and/or new Mining Concessions which we are able to secure in the near future.

We intend to utilise approximately US$25.0 million of our net proceeds from the Invitation towards the acquisition of additional mining equipment and machinery.

Construction of jetty and barge loading facilities

We intend to further improve our operational and cost effi ciencies by undertaking initiatives to improve our transportation and logistics infrastructure.

We intend to construct our own jetty and barge loading facilities (with loading capacity of 1,000 tonnes per hour) to better support our mining operations at the BEK Concession Area. We are currently in the process of applying for our jetty license and establishing our construction plans.

As part of the application process for our jetty licence, we have submitted our application for the construction license and expect to obtain the approval by end October 2012 (assuming that there are no undue delays in the application process). Construction will commence as soon as practicable thereafter. The expected duration of construction is two to three months from the time of commencement of construction.

We intend to utilise approximately US$2.0 million of our net proceeds from the Invitation towards our aforesaid business expansion plans.

Business expansion including acquisitions, joint ventures and/or strategic alliances

We are constantly on the lookout for business expansion opportunities which may include acquisitions, joint ventures and/or strategic alliances to expand our business operations and increase our coal production levels.

In this regard, the Promoters have executed a Deed of Cooperation in favour of our Company, pursuant to which the Promoters granted our Company certain rights of fi rst offer, fi rst refusal and to match in respect of Qualifying Assets. Please see the “Business – Certain Agreements relating to our Company” section of this Prospectus for further details. This provides us with a potential pipeline of production operations ready Mining Concessions. We are committed to exercising our rights in respect of suitable companies, subject to agreement on terms of acquisition between our Company and the Promoters (or relevant Promoter) and regulatory approvals from the Indonesian Government and the relevant authorities.

With our established local network access within the Indonesian coal mining community, we also intend to source for suitable acquisitions or enter into suitable coal mining arrangements with other third party sources in order to gain access to new concession areas.

We intend to utilise approximately US$10.0 million of our net proceeds from the Invitation towards our aforesaid business expansion plans.

Broadening customer base and establishing direct client sale channels

We intend to expand our network of customers and establish direct client sales channels, in particular targeting direct end-users. We plan to establish a trading arm in Singapore and leverage it to reach out to the critical mass of international coal trading companies based in Singapore.

Future Plans

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