COAL ASIA HOLDINGS, INC. ("COAL") is an investment holding company whose primary purpose is to engage in the acquisition of companies specializing in the exploration, development, and mining of coal and other energy related businesses in the Philippines and around Asia.
Our aim is to become a key contributor to national development by being a major player in the development of the Philippine coal and energy sectors known for our commitment to safe and environmentally friendly business practices in the communities we operate in, reliability in providing timely and economically attractive energy solutions to the markets we serve, and integrity in conducting our business and enhancing value for our stakeholder. The company supports its wholly-owned subsidiary with financial and managerial level expertise through its senior executive and management team composed of individuals with a proven track record of successes in a broad range of businesses.
COAL has recently acquired Titan Mining and Energy Corporation (TMEC) which owns 13,000-hectares of coal resources in Davao Oriental and Zamboanga Sibugay. It has established over 120,000,000 MT of coal resources to date and has the country's second largest coal reserves. Through on-going exploration work and drilling programs, the resources and reserves is likely to go over 200,000,000 MT. An independent report dated May 8, 2012 values the Company's current coal and energy assets at approximately P12.5B or USD300M. This report was done by Multinational Investment Bancorporation (MIB).