0405 GMT [Dow Jones] Abterra (H24.SG) jumps 22.2% to S$0.055 in active trade after the coal and iron ore trader announces it has completed the US$7.3 million acquisition of an iron ore operation in Southern and South-Eastern Kalimantan, Indonesia. But order book quotes suggest stock's rise may be capped at current level near-term. Acquisition is in line with company's recent pattern of buying mines to give it better control over the raw material supply to its core trading business. "The Indonesian acquisition is in line with the group's strategic expansion plans to move upstream and to vertically integrate its resources," says company in statement. No brokers actively cover stock, but Westcomb said in recent research note that company looks well positioned thanks to growing China power consumption, China government moves to support coal mining industry. "Given that there are only 2 or 3 mining companies listed on Singapore Exchange, we view Abterra to be well-positioned as potential proxy to any new mining wave." For quarter ended Sept. 30, company reported revenue of S$18.5 million, or about US$13.1 million. (KIG)