Indonesian Miner Seeks M&A Targets in Shift From Dirtiest Coal
- Company seeks to halve revenue from lower-quality coal by 2028
- Delta Dunia considers bond buyback ahead of 2026 maturities
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Indonesian mining firm PT Delta Dunia is looking for acquisition targets that would help it reduce its reliance on revenue from lower-quality coal that emits more carbon.
The company aims to increase the contribution of lower-emission coal to 28% of revenue by the end of this year and to 50% by 2028, from 19% last year. It recently spent $122.4 million to buy Atlantic Carbon Group, one of the largest US producers of anthracite, a high quality grade of coal.