IBA have a good record investing in coal..Foxleigh Mining is the...

IBA have a good record investing in coal..

Foxleigh Mining is the operator of a coal mine in central Queensland. The project is a joint venture between Brisbane company CAML Resources (63%), ICRA Foxleigh, part of the Japanese Itochu group (20.6%), and Indigenous Business Australia (IBA) (16.4%).

The mine commenced operations in late 1999 and presently exports coal to steel mills in Korea, Japan, and elsewhere. In July 2004, the mine had between 20-30 Indigenous employees on site among an employee population of approximately 230

and

In 2007–08, IBA:
• sold its share in the Foxleigh coal mine, netting a return on its investment of more
than 460 per cent