in preopen, page-9

All one massive guess on my part, but for MTE it diverifies from coal by providing a second commodity, that being bauxite.

For CBX I guess the same, but maybe MTE Chinese partners may be a key consideration.

MC of both companies similar.

CBX plans to produce from late 2014. 7mt per annum over 15 years from Pisolite Hills. 134.6mt JORC Resource.

Then they have Bauxite Hills Mine 60mt JORC Resource, planning 5mtpa for 10 years coming on line 2017.

Administration costs would drop by a merging of the two companies.

I personally don't mind the Bauxite play, but I guess it will up to the market intrepret the merged entity.