new contract with anglo coal?

Looks like a new contract is on it's way. The first part underneath is an announcement from BNT from 2 Sept informing of an additional mining assignment and the second is a news story from the ABC today. The story just gets better and better.

Cheers Cobby

2 September 2005
Company Announcements Office
Australian Stock Exchange Limited
4th Floor
20 Bridge Street
SYDNEY NSW 2000
Via Electronic Lodgement
Dear Sir/Madam
ANGLO COAL AUSTRALIA PTY LIMITED - CAPCOAL MANAGEMENT PTY LIMITED (“CAPCOAL”)
: GERMAN CREEK COAL MINES.
Subsequent to recent announcements we confirm that our subsidiary company, InCoal Pty Limited, is
continuing mining works in the German Creek seam which is contained within the Anglo Coal Australia’s
German Creek Mines near Middlemount in Central Queensland. These mining works are assisting the
mine operator, Capcoal in the ongoing development of their Bundoora Mine.Operations.
At the same time, negotiations are close to completion over an additional mining assignment and it is
scheduled that .InCoal will recommence mining operations in the Aquila seam during late October to
early November .
We have been working with CapCoal for nearly 12 months exploring and developing underground mining
operations into the Aqulia seam. The Aquila seam is a thin seam of coal around 1.6 metres in height
with excellent coking qualities.
We have acquired a second unit of low profile mining equipment from the United States and
remanufactured and refurbished at our workshops in Newcastle NSW earlier in the year in anticipation of
undertaking this work in the Aquila seam, This second low profile mining unit is currently being put into
code under Australian regulations.
We are currently investigating the availability of a third unit of low profile mining unit from the United
States which, if secured, we plan to import to Australia to operate in additional thin seam production
operations.
Yours faithfully,
Colin Knox
Chairman



Anglo American to invest millions in Australian coal project. 20/10/2005. ABC News Online

[This is the print version of story http://www.abc.net.au/news/newsitems/200510/s1487139.htm]


Last Update: Thursday, October 20, 2005. 10:45pm (AEST)
Anglo American to invest millions in Australian coal project
South African mining giant Anglo American has announced plans to invest $US516 million in Australia to increase production of coal used for making steel, a metal heavily sought after by China.

The Lake Lindsay metallurgical coal project will raise annual saleable production at the German Creek site in central Queensland, to 10 million tonnes per year from six million, Anglo American says in a statement to the London Stock Exchange where the group is listed.

German Creek is 70 per cent owned by Anglo American's subsidiary Anglo Coal and 30 per cent by Mitsui Coal Holdings.

"The Lake Lindsay project would extend the mine life at German Creek by about 11 years, maintaining production until 2027 and realise marketing, infrastructure and operational synergies from the existing operations," Anglo American said.

Construction at the Creek was due to start later this year with production coming on stream in late 2006.

"The Lake Lindsay project will enhance Anglo Coals position in the metallurgical coal market by broadening its product range and significantly increasing metallurgical coal production," Anglo American chief executive Tony Trahar said.

- AFP