AUST. MINER ACQUIRES 30% OF INDONESIAN THERMAL COAL MINE

BRISBANE – Listed Australian firm Altura Mining Limited (ASX: AJM) has acquired a one-third equity stake in an operating coal mine in East Kalimantan, Indonesia for US$25 million. The investment signifies a change from explorer to producer for Altura, which plans further coal mine developments in Indonesia. The transaction provides a direct equity interest in PT Delta Ultima Coal (Delta Coal), the owner and operator of the PT Binamitra Sumberarta mining tenement, which produces and sells a medium energy thermal coal currently at a rate of 1.5 mtpa.