MELBOURNE, July 1 (Reuters) - Indonesia's Delta Dunia

Group plans to grow through acquisitions, backed by

strong support from its lenders, after it completed the $122.4

million purchase of Atlantic Carbon Group on Monday, director

Iwan Salim said.

The Jakarta-listed company has been diversifying beyond its

home base of Indonesia where it runs its BUMA coal mining

services business. It bought Australia's Downer coal mining

contractor business for A$139 million ($92.63 million) in 2021

and has now expanded into U.S. markets and mining anthracite

coal, used to make steel.

Its latest deal has secured ownership of four producing

anthracite mines in Pennsylvania, which will help Delta Dunia to

lower its revenue from thermal coal to below 50% of its total

revenue by 2028.

"We are going to use this very positive momentum going

forward," Salim told Reuters. "We have a lot of support from our

bankers if the growth opportunity is correct."

The activity comes as major financial institutions have

shied away from lending to fossil fuel companies given climate

change concerns.

Salim did not specify acquisition targets, timelines or the

spending plans on them.

For Delta, the latest transaction and its growth plans are

supported by a cash position of $322 million as of end June and

a $750 million syndicated loan facility with PT Bank BNI

(Persero) Tbk and PT Bank Mandiri (Persero) Tbk.

It has also received support from several Shariah compliant

banks, Indonesian and U.S. bond holders in the past year given

Delta Dunia's strong track record for repayments, he said.

The diversified mining services provider is looking at

Australia, where Anglo American is set to sell its

coking coal mines, for growth, as well as at other

jurisdictions, Salim said.

"We will look at opportunities as they arise," he said.

"Australia, because we're already there with Buma Australia, the

contracting business, is something we actively look at."

"But with the American acquisition, you can see that our

outward radar is not just on Australia."

The door is not closed on buys into mines producing other

metals such as lithium or copper, but for now it plans to focus

on what it knows best, which is coal, and mining services, he

said.

($1 = 1.5006 Australian dollars)

(Reporting by Melanie Burton; Editing by Muralikumar

Anantharaman)