Gordon Nuttall not Macarthur Coal

Macarthur Coal Limited (Macarthur Coal) is an Australian coal company developing a generation of coal assets in Queensland’s Bowen Basin. As of June 30, 2007, the Company held a 73.3% interest of the Coppabella and Moorvale mines. The company’s operations produce approximately 35% of the seaborne global demand for low volatile pulverized coal injection coal (PCI coal). Macarthur Coal commenced the transition from a coal mine owner to a coal mine operator during the fiscal year ended June 30, 2007 (fiscal 2007). Exploration activities during fiscal 2007, was primarily directed at advancing the Vermont East/Wilunga project, extending the Olive Downs North Resources and obtaining more detailed information to enable assessment of Coppabella underground and Moorvale underground projects. On May 16, 2007, the Company sold a 16.7% of its 90% interest in the Olive Downs North project. In January 2008, the Company announced the completion of the acquisition of Custom Mining Pty Ltd.

Address: Level 18, 215 Adelaide Street, BRISBANE, QLD, AUSTRALIA, 4000

Phone: (07) 3221 7210
Fax: (07) 3229 1776