Ann: Annual Report to shareholders, page-12

We are recognised as a leader in the commercialisa�on of
innova�ve technologies, providing increased economic and
environmental benefits from the u�lisa�on of Targeted
Resources





This has led us to commence the early stages of a feasibility study for a
100,000-150,000 tonne per annum, zero emissions, solid fuel pellet (Coldry)
plant in the Latrobe Valley. Progress on this feasibility study is much antiipated
and if it were to proceed, would become the largest, most environmentally
friendly, economical gateway to upgraded brown coal .