StockGuru Blog: KAL Energy Inc. (OTCBB: KALG) Enters Coal Mining Industry With the Right Source, Right Location, Right Team
KAL Energy Inc. (OTCBB: KALG) Stock Guru ProfileKAL Energy has the rights to two large coal concessions situated near the Mahakam River in North Eastern Kalimantan, Indonesia. Indonesia is a major source of coal, low ash and low sulfur coal which producers lower CO2 emissions than standard coal — a matter of growing importance in Asia and India where pollution is strong. Asia and India are major users of coal with fifty to seventy percent of their power needs being supplied by coal. Logistics are good for KAL Energy. The property has existing roads and the Mahakam River serves is…