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Coal Asia Holdings Incorporated

Company Description
Coal Asia Holdings Incorporated (COAL) was incorporated on June 11, 2012 primarily to be the holding company of Titan Mining and Energy Corporation (TMEC), which is engaged in the operations of coal mining and energy-related business.

The Company owns the 100% equity interest in TMEC. TMEC currently owns Coal Operating Contracts (COC) in Davao Oriental and in Zamboanga Sibugay. In 2016, preliminary mine development activities commenced at the Davao Oriental project, although TMEC is still awaiting the conversion of the COC from exploration to development and production. TMEC submitted a five-year work program with feasibility study for the Zamboanga Sibugay project to the Department of Energy (DOE) in August 2016.

In 2017, the group submitted all the requirements for the conversion to the DOE. The conversion was approved by the DOE. On December 11, 2019 the DOE converted TMEC's COC from Exploration to Development and Production Phase on the condition that TMEC shall secure NCIP's FPIC and/or CNO prior to the execution of development activities on the field.

Source: SEC Form 17-A (2019)
Security Information
Sector Mining and Oil
Subsector Mining
Corporate Life
Incorporation Date Jun 11, 2012
Number of Directors 0
Stockholders' Meeting as per By-Laws
Fiscal Year 12/31 (Month/Day)
External Auditor Reyes, Tacandong & Co.
Transfer Agent Professional Stock Transfer, Inc.
Contact Information
Business Address 3rd floor JTKC Center, 2155 Don Chino Roces Ave., Makati City
E-mail Address rosanna.desiderio@titanmining.com
Telephone Number (+632) 8818-6772 and (+632) 8813-8892
Fax Number (+632) 8810-3536
Website http://www.coalasiaholdings.com