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Altera Resources Ltd (ASX:AEA) says it will acquire private mining and exploration company Jack Doolan Capital in a deal set be worth around $65.1 million.

The takeover will increase the mineral explorer's investment in coal exploration through gaining a greater stake in Indonesian tenements.

The combined companies will be headed by Peter Lynch as Chairman, the founder of Jack Doolan Capital, while James Middleton has been proposed as executive director.

According to the Age, Mr Lynch says much of the world's coking coal comes from Queensland but the uncertainty associated with the resource tax means investments in new capacity is likely to freeze.

Altera Resources posted a loss for the six months to the 31 December 2009.