Axis Coal Trading Pte Ltd. (ACT) is an incorporated joint venture between Star Ascent Energy Pte Ltd. and Well Vintage Enterprises Pte Ltd. established in Singapore as a specific coal trading company. Through the subscription of shares, the entity represents shared interest of 50% and 50% on Indonesian coal projects. 
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ACT has successfully secured a reserved coal block of 10 million Mt at (GAR 4200) (JORC) which will be mined in the South Sumatra region of Indonesia.
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ACT has entered a long-term coal sales agreement, with the coal pre-sold to Indian buyers at index pricing, with plans to produce an average of 2 million tons a year between 2022-2027.
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Star Ascent Energy Pte Ltd. is a company engaged in coal trading with expertise and networks covering financial, contractors and end users for coal supply. They are a strategic partner in Axis Coal Trading Pte Ltd., who has an integrated supply chain both through Indonesia and India, a strong balance sheet and a long-term outlook. ­Star Ascent Energy Pte Ltd. will handle the downstream commodity trading, shipping, local logistics to direct stock and sale buyers.