Thanks Cadreelil. The pieces of the jigsaw are coming together! A Google search revealed that IB Daiwa’s Mongolian brown coal upgrading project is using White Energy’s technology. And, I note that an ADD director is associated with White Energy. And there is more. A current director (Khan) of White Energy is associated with Crosby Capital, who were a major shareholder in ADD a couple of years ago.
WEC’s web site has this to say:
WHITE ENERGY’S BUSINESS DEVELOPMENT
The primary markets identified by White Energy are:
1. Indonesia – The sub-bituminous coal deposits of Kalimantan are seen as a key area of growth in meeting the shortages of the world supply of thermal coals for the China and India marketplaces. ……………
I know that Kalimantan ain’t Sumatra, but…..
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