Beacon Equity Research Featured Company: KAL Energy, Inc. (KALG)
KAL Energy, Inc. (KALG) is a junior mining company focused on exploring and developing the Thermal Coal resources of Kalimantan, Indonesia in a socially and environmentally responsible manner, as guided by the Equator principles. Through its wholly owned subsidiary, Thatcher Mining Pte. Ltd., the Company owns two coal concessions near the Mahakam River in North Eastern Kalimantan, Indonesia. KAL Energy has commenced drilling programs at its two coal concessions to determine the commercial viability of mining these areas. The Company plans to develop and sell coal from its concessions for base load electricity generating customers. Initial tests of the coal…