World Steam Mine Details (Other than Domestic)

Mine Acland Adaro Allied Indo Appin Arthur Taylor Arutmin Baal Bone Bailey Bank Baodian Bayswater Bellambi West Beluga Bengalla Berau Blacksvile 2 Blackwater Blair Athol Bloomfield Bocum Boggagri Bowen 2 Bowie 1&2 Brimstone Buchanan Bukit Baiduri Bulga Bullmoose Burton Cachiri Calenturitas Camberwell Carbones de Cerrejon Cerrejon Central Cerrejon Norte Chain Valley Charbon Cheviot Clarence Clermont Coal Mountain Coal Valley Collinsville Country Australia Indonesia Indonesia Australia South Africa Indonesia Australia USA South Africa China Australia Australia USA Australia Indonesia USA Australia Australia Australia Australia Australia Australia USA Australia USA Indonesia Australia Canada Australia Venezuela Colombia Australia Colombia Colombia Colombia Australia Australia Canada Australia Australia Canada Canada Australia Owner New Hope Corporation Ltd New Hope Corporation Ltd, Swabara Group, Edison Mission PT Allied Indo Coal BHP Billiton Glencore International AG, Total Exploration SA Pty Ltd BHP Billiton, Bakrie Group Enex Resources Limited, Sumitomo Corporation Consol Energy Inc. Anglo American plc Yanzhou Coal Mining Co Ltd BHP Billiton Allied Coal Pty Ltd Placer Dome Inc Coal & Allied Industries Ltd, Wesfarmers Limited, Mitsui & Co Ltd,United Tractors,Company PT Taiwan Power Nissho Iwai Corporation, PT Pandu Dian Pertiwi Consol Energy Inc. BHP Billiton, Mitsubishi Development Pty Ltd Rio Tinto, Unisuper, EPDC, JCD Australia Pty. Ltd. Big Ben Holdings Pty Ltd MIM Holdings Ltd, Itochu Corporation Idemitsu Kosan Company Ltd MIM Holdings Ltd, Itochu Corporation AEI Resources Holding Inc. Brimstone Coal Limited Consol Energy Inc. PT Bukit Baiduri Enex Resources Limited, Nippon Steel Corporation, Tomen Corporation, Kawasho Corp. Teck Corporation, Rio Algom Limited, Nissho Iwai Corporation RAG Group, Thiess Contractors Inter-American Coal, Carbozulia Glencore International AG Navidale Pty Ltd, Toyota Tsusho Mining, Dia Coal Mining Anglo American plc, BHP Billiton, Glencore International AG Anglo American plc, BHP Billiton, Glencore International AG Exxon Mobil Corporation, Anglo American plc, BHP Billiton, Glencore International AG BHP Billiton, Nissho Iwai Corporation Centennial Coal Company Ltd, Yukong Australia Pty Limited Consol Energy Inc., Luscar Limited Centennial Coal Company Ltd, Yukong Australia Pty Limited Rio Tinto, Mitsubishi Development Pty Ltd Fording Coal Ltd Luscar Limited MIM Holdings Ltd, Itochu Corporation Mine List Page 1 of 26

126738952.xls.ms_office

Cook Co-operatives

Australia Indonesia

Enex Resources Limited, Centennial Coal Company Ltd, Tokyo Boeki Ltd

MacArthur Coal, AMCI Inc., Marubeni Corporation, Nissho Iwai Corporation, CITIC, Kawasaki Steel Corp, Nippon Steel Coppabella Australia Corporation Cordeaux Australia BHP Billiton Crinum Australia BHP Billiton, Mitsubishi Development Pty Ltd Enex Resources Limited, Itochu Corporation, Shenzhen Energy Cumnock Australia Corp Curragh Australia Wesfarmers Limited Dal-Tex Complex USA Arch Coal Inc Anglo American plc, Marubeni Corporation, Ssang Yong Dartbrook Australia Corporation, Showa Coal Australia Pty Ltd Donaldson Australia Donaldson Mining Dongtan China Yanzhou Coal Mining Co Ltd Douglas South Africa BHP Billiton, Glencore International AG Anglo American plc, Mitsui & Co Ltd, Mitsui Kozan, Daesung, Drayton Australia Hyundai Australia Pty Ltd Duralie Proposal Australia CIM Resources Ltd, Kawasaki Steel Corp Ebenezer Australia Idemitsu Kosan Company Ltd Elk Run USA Massey Energy Company Elkview Canada Teck Corporation Elouera Australia BHP Billiton Enlow Fork USA Consol Energy Inc. Ensham-Yongala Australia Idemitsu Kosan Company Limited, EPDC, LG Group Ermelo South Africa BHP Billiton, Total Exploration SA Pty Ltd Federal 2 USA Peabody Group Fording River Canada Fording Coal Ltd Forzando South Africa Total Exploration SA Pty Ltd CAML Resources Pty Ltd, Bowen Basin Investment Pty Ltd, Foxleigh Australia Itochu Corporation, Lake Lindsay Investments Pty Ltd Galatia USA American Coal Company German Creek Central Australia Anglo American plc German Creek Grasstrees Australia Anglo American plc German Creek Australia Anglo American plc, Marubeni Coal Pty Ltd German Creek Southern Australia Anglo American plc Glendell Proposal Australia Enex Resources Limited, Mitsui Matsushima Pty Limited Glennies Creek Australia AMCI Inc., Consol Energy Inc. Goedehoop South Africa Anglo American plc Goedgevonden South Africa Glencore International AG Goonyella Australia BHP Billiton, Mitsubishi Development Pty Ltd Great Greta Australia Glencore International AG Greenhills Canada Fording Coal Ltd, Pohang Iron & Steel Co Greenside South Africa Anglo American plc 126738952.xls.ms_office Mine List Page 2 of 26

Gregg River Gregory Gunnedah 2 Gunnedah Hail Greek Prospect Harris No.1 Hobet No.21 Horizon Howick Humphrey #7 Hunter Valley Hunter Valley Operations Indominco Mandiri Jeebropilly Jellinbah East Jim Walter Nos 3,4,5 &7 Jining No.2 Jonesville Kaltim Prima Kayuga Prospect Kendilo Coal Kenmare Kestrel Kideco Jaya Agung Kleinkopje Koornfontein Kopperston La Jagua La Loma Laleham No.1 Landau Laurel Mountain Lemington Liddel Lightfoot Nos. 1&2 Line Creek Luscar Marfork Maules Creek Proposal Metropolitan Middleburg

Canada Australia Australia Australia Australia USA USA USA Australia USA Australia Australia Indonesia Australia Australia USA China USA Indonesia Australia Indonesia Australia Australia Indonesia South Africa South Africa USA Colombia Colombia Australia South Africa USA Australia Australia USA Canada Canada USA

Luscar Limited BHP Billiton, Mitsubishi Development Pty Ltd AMCI Inc. AMCI Inc. Rio Tinto, Marubeni Corporation, Sumitomo Corporation Peabody Group Arch Coal Inc Lodestar Energy Inc., Tokyo Boeki Ltd Coal & Allied Industries Ltd Consol Energy Inc. Coal & Allied Industries Ltd Coal & Allied Industries Ltd Banpu PLC New Hope Corporation Ltd Marubeni Corporation, Nissho Iwai Corporation Walter Industries Inc Yanzhou Coal Mining Co Ltd BP Amoco Plc, Rio Tinto Anglo American plc, Marubeni Corporation, Ssang Yong Corporation, Showa Coal Australia Pty Ltd BHP Billiton, Mitsui Mining & Smelting Co BHP Billiton, Mitsubishi Development Pty Ltd Rio Tinto, Mitsui & Co Ltd Salvatan Co.Ltd Anglo American plc BHP Billiton Peabody Group Carbones del Caribe Drummond Co Inc. BHP Billiton, Mitsubishi Development Pty Ltd Anglo American plc Pittston Minerals Group Coal & Allied Industries Ltd Enex Resources Limited, Mitsui Matsushima Pty Limited

Peabody Group Consol Energy Inc., Luscar Limited Consol Energy Inc., Luscar Limited Massey Energy Company Rio Tinto, Nissho Iwai Corporation, Mitsubishi Development Pty Australia Ltd, Ube Industries Australia Helensburgh Coal Pty South Africa BHP Billiton, Glencore International AG Mine List Page 3 of 26

126738952.xls.ms_office

Mina Norte Minerva/Gindie Minor KPP Holders Mitchells Flat Proposal Monkman Moonee Moranbah North Moranbah South Mount Arthur North Prospect Mount Owen Mount Pleasant Proposal Mount Thorley Mountaineer Moura Multi Harapan Musewellbrook Musewellbrook Nauntun Nardell Proposal New Wallsend Newlands Newlands North Gooneyella Norwich Park Oakdale Oaky Creek Oaky Creek Obed Mountain Old Ben 24 & 26 Ombilin Optimum Oreganal Paramont Deep Mines 20&21 Paso Diablo Peak Downs Phalen Pinnacle Pinnacle/Aberde en Pontiki 1&2 Preston Extended Quinsam

Venezuela Australia Indonesia Australia Canada Australia Australia Australia Australia Australia Australia Australia USA Australia Indonesia Australia Australia China Australia Australia Australia Australia Australia Australia Australia Australia Australia Canada USA Indonesia South Africa Colombia USA Venezuela Australia Canada USA USA USA Australia Canada

Inter-American Coal, Carbozulia New Hope Corporation Ltd, Nissho Iwai Corporation

Enex Resources Limited Fording Coal Ltd, Sumisho Coal Canada Limited BHP Billiton, Nissho Iwai Corporation Anglo American plc, Nippon Steel Corporation, Tomen Corporation Iscor BHP Billiton Enex Resources Limited Coal & Allied Industries Ltd, Pohang Iron & Steel Co Coal & Allied Industries Ltd, Pohang Iron & Steel Co Arch Coal Inc Coal & Allied Industries Ltd, Pohang Iron & Steel Co Napan Group, Swabara Group, PT Asminco Bara Utama Idemitsu Kosan Company Limited Idemitsu Kosan Company Limited Yanzhou Coal Mining Co Ltd Nardell Coal Corporation Pty Ltd York Mining MIM Holdings Ltd, Itochu Corporation MIM Holdings Ltd, Itochu Corporation RAG Group, Thiess Contractors BHP Billiton, Mitsubishi Development Pty Ltd Advance Coal Limited MIM Holdings Ltd, Sumitomo Corporation, Itochu Corporation MIM Holdings Ltd, Sumitomo Corporation, Itochu Corporation Luscar Limited AEI Resources Holding Inc. PT Tambang Batubara Bukit Asam BHP Billiton Rio Tinto Pittston Minerals Group Carbozulia, Anglo American plc, RAG Group BHP Billiton, Mitsubishi Development Pty Ltd Cape Breton Development Corporation US Steel Mining Company Andalex Resources Inc Beacon Group Centennial Coal Company Ltd Hillsborough Resources Limited Mine List Page 4 of 26

126738952.xls.ms_office

Quintette Rend Lake Rietspruit Complex Riverside Rixs Creek Saddlers Creek Prospect Sage Creek Sanborn Creek Saraji Sebuku Shoshone No.1 Skyline 1&3 Smoky River Socuy South Blackwater South Bulga South Walker Creek Southland Springvale Star Point Stratford Sufco Suttor Creek Proposal Tahmoor Tanito Harum Tanjung Enim Telkwa Prospect Teralba Theodore Prospect

Canada USA

Teck Corporation, Charbonage de France, Mitsui Kozan, Tokyo Boeki Ltd, Sumitomo Corporation, Nippon Steel Corporation, Kawasaki Steel Corp Consol Energy Inc.

South Africa BHP Billiton, Glencore International AG Australia BHP Billiton, Mitsui & Co Ltd Australia Big Ben Holdings Pty Ltd Anglo American plc, Mitsui & Co Ltd, Mitsui Kozan, Daesung, Australia Hyundai Australia Pty Ltd Canada Rio Algom Limited USA Oxbow Carbon & Minerals Inc. Australia BHP Billiton, Mitsubishi Development Pty Ltd Indonesia Straits Resources Ltd USA RAG Group USA Arch Coal Inc, Itochu Corporation Canada Smoky River Coal Ltd Venezuela Carbozulia, Anglo American plc, RAG Group Australia BHP Billiton, Mitsubishi Corporation Enex Resources Limited, Nippon Steel Corporation, Tomen Australia Corporation, Kawasho Corp. Australia Australia Australia USA Australia USA Australia Australia Indonesia Indonesia Canada Australia Australia BHP Billiton, Mitsui & Co Ltd Gympie Gold Limited, Thiess Contractors Centennial Coal Company Ltd, Samsung Company Ltd RAG Group, Mitsubishi Corporation CIM Resources Ltd, Itochu Corporation Arch Coal Inc, Itochu Corporation MIM Holdings Ltd, Itochu Corporation Austral Coal Ltd PT Tanito Harum PT Tambang Batubara Bukit Asam Luscar Limited Enex Resources Limited, Marubeni Corporation, Kokan Kogyo Anglo American plc Enex Resources Limited, Mitsui Kozan, Dong Bu Corporation, Hyosung Corporation, Korea Mining Promotion Corporation, Yukong Corporation BHP Billiton BHP Billiton Hillsborough Resources Limited

Togara North Togara South Tower T'Sable Tselentis/Carolin e Tweefontein Collieries Twentymile Twistdraai

Australia Australia Australia Canada

South Africa Glencore International AG South Africa Glencore International AG USA RAG Group South Africa Sasol Limited Mine List Page 5 of 26

126738952.xls.ms_office

Ulan No.2 Ulan United Upper Big Branch Usibelli Vickery Virginia Pocahontas No.1 Virginia Pocahontas No.3 Virginia Pocahontas No.5 Virginia Pocahontas No.6 Virginia Pocahontas No.8 Wallarah Wambo Wambo Wards Well Warkworth West Cliff West Elk West Wallsend Westray Willow Creek Willow Creek Wishbone

Australia Australia Australia USA USA Australia USA USA USA USA USA Australia Australia Australia Australia Australia Australia USA Australia Canada Canada USA USA

Enex Resources Limited, Mitsubishi Development Pty Ltd Enex Resources Limited, Mitsubishi Development Pty Ltd Enex Resources Limited, CFMEU Massey Energy Company Usibelli Coal Mine Inc Rio Tinto, Mitsubishi Development Pty Ltd, Ube Industries, Nissho Iwai Corporation Consol Energy Inc. Consol Energy Inc. Consol Energy Inc. Consol Energy Inc. Consol Energy Inc. BHP Billiton, Nissho Iwai Corporation Excel Mining Pty Ltd, Resource Finance Corp. Ltd. Excel Mining Pty Ltd, Resource Finance Corp. Ltd. BHP Billiton, Mitsui & Co Ltd Coal & Allied Industries Ltd, Mitsubishi Development Pty Ltd, Nippon Steel Corporation, Mitsubishi Materials Corporation BHP Billiton Arch Coal Inc Enex Resources Limited, Marubeni Corporation, Kokan Kogyo Globaltex Industries Inc, Mitsui Matsushima Pty Limited RAG Group, Mitsubishi Corporation BHP Billiton, Nissho Iwai Corporation Resource Management & Mining Pty Ltd

Wyong Prospect Australia Yarrabee Australia

126738952.xls.ms_office

Mine List

Page 6 of 26

Production Details of World (Other than Domestic) Steam Coal Mines

Country Mine Owner Capacity Reserves Production Allocation

MMT Australia Australia Australia Australia Australia Australia Australia Australia Australia Australia Australia Australia Australia Australia Australia Australia Australia Australia Australia Australia Australia Australia Australia Australia China China Anglesea Bengalla Blair Athol Blair Athol Boundary Hill/Callide Burton Charbon Cooranbong Dartbrook Dendrobium Donaldson Drayton Gunnedah Hazelwood Hunter Valley Leigh Creek Loy Yang Maddingley Meandu Mine Mount Thorley Newcastle Tahmoor Vickery Yallourn Baodian British Sugar Alcoa of Australia Ltd Bengalla Mining Co Pacific Coal Pty Ltd EPDC(Aus) Pty Ltd Anglo American plc Deep Durban Roodepoort Ltd Centennial Coal Co Ltd Anglo American plc BHP Biliton Donaldson Coal Pty Ltd Anglo American plc n/a Hazelwood Investment Co Pty Ltd Bayswater Colliery Finders Power Partnership Loy Yang Power Ltd Oalleja Transport Pty Ltd Pacific Coal Pty Ltd Mount Thorley Opns n/a Austral Coal Ltd n/a Yallourn Mine Yanzhou Coal Mininig Co 1004 3.0/pa 42 580 606 580 1700 44 218 74.42 145 389 327 n/a n/a 74.75 36.44 54 112 418 40.4 114

MMT 100 361 200 78 188 55.7 25.8 36 95 398 36 39

MMT/Year 1.1 7 11.7 11.81 7.24 5.85 1.3 1.3 3.5 5.2 2.2 7.5

MMT n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a

Reserves/Pr Reserves/Re oduction quirement

90.91 51.57 17.09 6.60 25.97 9.52 19.85 27.69 27.14 76.54 16.36 5.20

25.00 90.25 50.00 19.50 47.00 13.93 6.45 9.00 23.75 99.50 9.00 9.75

450 538 520 1500 40 155 47 n/a 30 n/a 470 356 n/a n/a

19.5 9.3 3.4 29.06 0.02 4.8 11 1.72 16.24 3

23.08 57.85 152.94 51.62 2000.00 32.29 4.27 17.44 28.94 118.67

112.50 134.50 130.00 375.00 10.00 38.75 11.75 7.50 117.50 89.00

126738952.xls.ms_office

Production

Page 7 of 26

China China China China China China China China China China China China China China China China China China China China China China China Colombia Colombia Colombia Colombia Indonesia Indonesia Indonesia Indonesia Indonesia

Dadong Dalian Dongsheng Dongtan E-zhou E-zhou Fuzhou Hanfeng Hanfeng Jining II Ligang Nantun Shenfu Shanxi Shenua Toukotu Xingchun Xinglongzhang Yan Chen Yangzhuang Yitai Yue Yang Yue Yang BP Columbia British Sugar Cerrejan Cerrejan Bengalon Binungan 5-6 Binungan 7 Desa Bukit Eco-Coal

Shenhua Coal Cor Yanzhou Coal Mininig Co

4.0/pa

544

136.00

136.00

Yanzhou Coal Mininig Co Yanzhou Coal Mininig Co Shenhua Coal Cor Datong Mining Co Shenhua Coal Cor Datong Mining Co Yanzhou Coal Mininig Co Datong Mining Co Minmetal Corp

4.0/pa 1.8/pa

462 162

4 2.4

115.50 67.50

115.50 40.50

3.0/pa

90 408 100

4.5 3 4

20.00 136.00 25.00

22.50 102.00 25.00

Carbones del cerrjon LLC Carbones del cerrjon LLC Kaltin Prima -Rio Tinto Berau Coal Berau Coal Multi Harapan Utama Arutmin

25/pa 210 144 201 120 260

22 8.6 1.95 1.95 1.23 3.2 0.3 0.74 0.74 0.61 0.1

0.00 24.42 73.85 103.08 97.56 81.25

0.00 52.50 36.00 50.25 30.00 65.00

126738952.xls.ms_office

Production

Page 8 of 26

Indonesia Indonesia Indonesia Indonesia Indonesia Indonesia Indonesia Indonesia Indonesia Indonesia Indonesia Indonesia Indonesia Indonesia Indonesia Indonesia Indonesia Indonesia Indonesia Poland Poland Poland Russia Russia Russia Russia South Africa South Africa South Africa South Africa South Africa

Indominco Jorong Kitadin Mampunpundan Medium CV Melawan Parambahan Petangesis Pinang Premium CV Prima Rantau Roto North Roto South Samarasangu Satui Senakin Trubaindo-2004 Tutupan British Sugar Janowice Weglokoks Donetsk bassin Kansko-Achinsk Kuznetsk bassin Pechora bassin Arthur Taylor Bank Belgarthen Douglas Ermelo/Glisa

Banpu Banpu Banpu Banpu Project Stage Indominco - Mandiri, Bontang PT Bumi Resources Tbk Glencore Allied Indo BHP Kendilo PT Bumi Resources Tbk Indominco - Mandiri, Bontang PT Bumi Resources Tbk Padangbara Sukses Makmur Kideco Jaya Agung Kideco Jaya Agung Kideco Jaya Agung Arutmin Arutmin Banpu Adaro 555

44.8 35.8 31.4 34.9 382 8.5 210 34.9 210 495 393

6 3 3 3 175 1 8.6 3 8.5 4 4

0.3 0 1.5 35 0.95 0.3 1.5 0 1.2 1

7.47 11.93 10.47 11.63 0.05 0.00 24.42 11.63 24.71 123.75 98.25 98.25 321.25 81.25 81.25 51.67

11.20 8.95 7.85 8.73 95.50 2.13 0.00 52.50 8.73 52.50 123.75 98.25 98.25 321.25 65.00 65.00 12.90 232.50

51.6 1080

393 4 1 1285 4 1 260 3.2 0.1 260 3.2 0.1 51.6 Production start 2004 930 18 11.5

KuzbassRazerezugol KuzbassRazerezugol KuzbassRazerezugol KuzbassRazerezugol Glencore Intl/Total Anglo American plc Kangra Ingwe/BHP Billiton BHP Billiton/Total

1100 5940 11441 2420 182 16 451 26.4

984 5312 10231 2164 144 16 361 12

5 27 52 11 7.58 2 22.56 2.4 4.88 1.6 13.76 1.55

196.80 196.74 196.75 196.73 19.00 8.00 16.00 5.00

246.00 1328.00 2557.75 541.00 36.00 4.00 90.25 3.00

126738952.xls.ms_office

Production

Page 9 of 26

South Africa South Africa South Africa South Africa South Africa South Africa South Africa South Africa South Africa South Africa South Africa South Africa Venezula Venezula Venezula Venezula Venezula Venezula Venezula

Forzando Goedgehoop Goedgevonden Greenside Kleinkopje Koornfontein Landau (Keomdraai) Middleburg Optimum Riet spruit Complex Tselentis/Caroline Twistdraai Carbones del Guajira Carbones del Gusare Coopemin Edgar Moreno Minera Los Andes Exmivenca Geoconsa Sugomeca-CIVCA

Total Explo SA Pty Anglo American plc Glencore Intl Anglo American plc Anglo American plc BHP Billiton Anglo American plc Ingwe/BHP Billiton Ingwe/BHP Billiton Ingwe/BHP Billiton Glencore Intl Sasol Ltd

256 297 226 307 424 325 425 407 643 36 66 434

192 219 204 276 368 177 382 267 490 36 55 350 172 6730 1079 29 284 239 5

8 15.64 10.74 6.13 11.15 29.5 8.5 16.8 30.63 12 3.67 16.67 1.4 6.4 0.12 2.5 12 0.09 1.2

6 10 8.72 4.39 6.31 23.96 5.18 10.2 16.91 6.6 2.25 13.67

24.00 14.00 18.99 45.02 33.00 6.00 44.94 15.89 16.00 3.00 14.99 21.00 122.86 1051.56 8991.67 11.60 23.67 2655.56 4.17

48.00 54.75 51.00 69.00 92.00 44.25 95.50 66.75 122.50 9.00 13.75 87.50 43.00 1682.50 269.75 7.25 71.00 59.75 1.25

126738952.xls.ms_office

Production

Page 10 of 26

Mine Wise Proximate Analysis Results of World Steam Coal (Other than Domestic)
Country Mine Ash % Australia Australia Australia Australia Australia Australia Australia Australia Australia Australia Australia Australia Australia Australia Australia Australia Australia Australia Australia Australia Australia Australia Australia Australia China China China China China China China China China China China China China China China China China China China China Anglesea Bengalla Blair Athol Blair Athol Boundary Hill/Callide Burton Charbon Cooranbong Dartbrook Dendrobium Donaldson Drayton Gunnedah Hazelwood Hunter Valley Leigh Creek Loy Yang Maddingley Meandu Mine Mount Thorley Newcastle Tahmoor Vickery Yallourn Baodian British Sugar Dadong Dalian Dongsheng Dongtan E-zhou E-zhou Fuzhou Hanfeng Hanfeng Jining II Ligang Nantun Shenfu Shanxi Shenua Toukotu Xingchun Xinglongzhang 4 12.5 8 8 18.9 10.45 14 22.4 11 13.4 13.5 12.4 8 3.7 9.4 15 2 7 27 5 15 8.3 13 1.8 18 17.8 25.8 21.2 10 12 28.2 19.2 21.5 18.4 19.3 20 22.9 12 10 11.96 4 24 15 Proximate Analysis (Air Dried) Moisture % IM 15 4.4 7.5 3 6 1.5 5.9 2.4 3 3.9 3.4 10.9 3.5 21 4.8 8 22 20 5 2.5 3.4 1.8 2.8 27 4 3 4.2 4.6 5.2 4.5 4.8 4.5 2.6 1.8 1.8 4.5 6.7 4.5 6.5 4.64 3.25 3.5 4.5 TM 45 8.4 16 7.5 10.9 9 9 7.3 11 8 8 15.5 8.8 61 8.4 15 62 60 11 8.5 8 8 9.5 67 10 3 10.2 10.4 14 10 11 9.2 5.8 5.4 5.4 9 14.3 10 13 9.8 9.85 7.4 10 Sulphur % 2 0.45 0.3 0.82 0.2 0.35 0.55 0.32 0.24 0.57 0.9 0.87 0.6 0.25 0.57 0.3 0.35 1.5 0.5 0.53 0.4 0.4 0.42 0.24 0.8 0.56 1.46 0.84 0.5 0.8 0.3 0.36 0.91 0.3 0.52 0.8 0.59 0.8 0.5 0.59 0.18 0.53 0.8 VM % 25 31 27.2 27.2 23.7 22.4 31 25.8 28.8 36 23 31.9 35 50 31.7 28 51 50.2 27 34 30 28 31 51.7 28 30.6 24.9 24.6 34 30 22 5.9 22.1 5.7 1.8 27 26.8 30 34 32.23 30.27 26.1 29 GAD CV Kcal/Kg 3343 6600 6515 6567 5206 7200 6293 6730 6329 6850 5000 6572 7093 4561 6909 4776 1934 2006 4629 6735 7620 1552 6400 6369 4638 5261 6800 7018 5443 5837 5665 6527 5498 6100 5617 7018 6700 6850 7150 5044 6835 GAR CV Kcal/Kg 2163 6324 5916 6262 4935 6652 6086 6392 5807 6558 4762 6233 6703 2252 6648 4413 942 1003 4337 6321 0 7139 0 702 6000 6369 4348 4941 6169 6614 5089 5550 5479 6288 5296 5813 5159 6614 6234 6479 6662 4840 0 6441

126738952.xls.ms_office

Proximate Analysis

Page 11 of 26

China China China China China Colombia Colombia Colombia Colombia Indonesia Indonesia Indonesia Indonesia Indonesia Indonesia Indonesia Indonesia Indonesia Indonesia Indonesia Indonesia Indonesia Indonesia Indonesia Indonesia Indonesia Indonesia Indonesia Indonesia Indonesia Indonesia Indonesia Indonesia Poland Poland Poland Russia Russia Russia Russia South Africa South Africa South Africa South Africa South Africa South Africa South Africa

Yan Chen Yangzhuang Yitai Yue Yang Yue Yang BP Columbia British Sugar Cerrejan Cerrejan Bengalon Binungan 5-6 Binungan 7 Desa Bukit Eco-Coal Indominco Jorong Kitadin Mampunpundan Medium CV Melawan Parambahan Petangesis Pinang Premium CV Prima Rantau Roto North Roto South Samarasangu Satui Senakin Trubaindo-2004 Tutupan British Sugar Janowice Weglokoks Donetsk bassin Kansko-Achinsk Kuznetsk bassin Pechora bassin Arthur Taylor Bank Belgarthen Douglas Ermelo/Glisa Forzando Goedgehoop

10.5 9 6.62 19 14.8 9.1 13.8 9.6 8.8 5 3.5 4.7 5 3.9 3

2.1 3 6.59 4 3.9 4.6 4.8 3.5 3 8 13 16 11 23 15

5 9 14.36 8.5 8 11.9 12 8.1 6.6 17 18 23 16 31 31

0.36 0.4 0.25 0.17 0.59 0.79 0.58 0.73 0.77 0.9 0.5 0.5 1 0.15 0.12

5 37 30.6 10.4 5.5 35.4 24.8 33.2 31.4 38 40.3 38.8 40 38 42

7146 6300 6673 6405 6166 7045 6200 6481 6666 5900 6010 5534 6400 5000 5000

5 2.5 10 12 6 5 4 2 3 3 3 10 12 12 1 14.1 5.6 13.6 12.4 11.9 11.4 13.7 12.4 7.6 14 15 20.7 11.3 7.2

11 18 2.6 5 9 9.5 5 18 12 15 17 6 4.5 7 16.5 4.2 4.8 3.5 3.5 2.4 5.3 4.7 2.8 2.9 4.3 2.5 3.8 3.8 2.5

15.5 23 4 11 14 13.5 9.5 30 18 24 35 10 12 15 25 9.2 11.1 8.8 12.4 7.7 12.1 13.7 5.6 5.9 8.7 8 8 7.8 5.3

0.7 0.2 0.5 1.1 0.4 0.8 0.5 0.15 0.1 0.1 0.1 0.8 1 0.95 0.1 0.76 0.45 0.53 0.3 0.4 0.3 0.2 0.58 0.47 0.9 0.55 0.79 0.76 0.65

39.9 39 37.3 40.5 39 40.4 39 43 40 40 40 43 41.5 40.5 42 30.9 34.9 28.2 39.3 40.4 43.2 43.5 27 30 24 24.3 22.6 31.6 32.4

6500 5700 7000 6700 6150 6700 6800 5400 6224 5816 5618 6600 6700 6900 5900 6069 7212 6279 6118 6244 5643 5137 6752 7265 6186 6640 5605 6718 7361

6934 5910 6118 6105 5903 6506 5731 6172 6419 5323 5665 5073 6040 4481 0 4059 0 0 6171 5352 6899 6277 5812 6404 6478 4610 5800 5200 4400 6319 6174 6306 5299 5752 6735 5934 5554 5905 5238 4652 6557 7041 5902 6265 5360 6439 7150

126738952.xls.ms_office

Proximate Analysis

Page 12 of 26

South Africa South Africa South Africa South Africa South Africa South Africa South Africa South Africa South Africa South Africa Venezula Venezula Venezula Venezula Venezula Venezula Venezula

Goedgevonden Greenside Kleinkopje Koornfontein Landau (Keomdraai) Middleburg Optimum Riet spruit Complex Tselentis/Caroline Twistdraai Carbones del Guajira Carbones del Gusare Coopemin Edgar Moreno Minera Los Andes Exmivenca Geoconsa Sugomeca-CIVCA

14.9 7.8 13.2 13.3 14.1 22.9 13.8 13.8 9.4 4 7 9

2.4 2.2 2.8 3.9 3.7 3.6 3.1 2.8 4.1 4 2.6 2.6

5 4.5 5.8 8.2 7.5 7.5 6.5 6 8.4 8.2 7.5 7.5

0.47 0.63 0.63 0.55 0.83 0.58 0.65 0.65 0.86 0.5 0.6 0.9

24.3 31 26.3 22.5 24.2 23.4 26.9 28.4 32.7 38 35 34

6611 7370 6759 6233 6761 5701 6661 6697 6768 7097 7041 6764

0 6435 7197 6550 5954 6494 5470 6427 6477 6465 6787 6687 6424 0 0 6794

3.9

0.8

34

7097

126738952.xls.ms_office

Proximate Analysis

Page 13 of 26

Mine Wise Ash Analysis Results of World Steam Coal (Other than Domestic)
Country Mine Class Australia Australia Australia Australia Australia Australia Australia Australia Australia Australia Australia Australia Australia Anglesea Brown Bengalla Bituminous Blair Athol Bituminous Blair Athol Bituminous Boundary Hill/Callide ituminous B Burton Charbon Cooranbong Dartbrook Dendrobium Donaldson Drayton Gunnedah Bituminous Bituminous Bituminous Bituminous Bituminous Bituminous Bituminous Brown Bituminous Sub-Bitu Brown Brown Sub-Bitu Bituminous Bituminous Bituminous Bituminous Brown Bituminous Bituminous Bituminous Bituminous Bituminous Bituminous Low Vola Bituminous Low Vola Low Vola Bituminous Bituminous Bituminous Bituminous Bituminous Bituminous % na 60 60 82 49 53 58 48 1500 1600 1410 1550 1290 1.9 >1500 4.1 % % % Ash Analysis
HGI SiO2 Al2O3 Fe2O3 P2O5 TiO2 CaO MgO K2O Na2O SO3 AFT

% Deg C

47.2

29.7

3.9 1.42

1.3

10

1.3 0.2 0.75

54 27.49

8.1 1.03

1.5

4.2

0.7 0.5 0.18

Australia Hazelwood Australia Hunter Valley Australia Leigh Creek Australia Australia Australia Australia Australia Australia Australia Australia China China China China China China China China China China China China China China China China China China China China China China China China Loy Yang Maddingley Meandu Mine Mount Thorley Newcastle Tahmoor Vickery Yallourn Baodian British Sugar Dadong Dalian Dongsheng Dongtan E-zhou E-zhou Fuzhou Hanfeng Hanfeng Jining II Ligang Nantun Shenfu Shanxi Shenua Toukotu Xingchun Xinglongzhang Yan Chen Yangzhuang Yitai Yue Yang

na 47 50 na na 50 50 62 na

63.9

22.3

7.4

0.7

0.8

0.8

0.7 1.6

0.2

0.5 >1500

1450 1540 1540

54.5 18.32 39 45.15 52.4 32.57

7.75 1.02 0.96 7.53 0.26 1.4 7.58 0.33 1.24

6.4 2 3.5

3.6 1.7 0.53 2.8 0.3 0.12 0.7 1.1 0.3

5.2 1320 1.5 >1500 0.3 >1500

59 32 61 100 31 75

59.1 50.8 53.1 49.9 48.8

34.43 31.79 18.41 35.22 34.38

2.03 4.52 8.43 3.86 6.28

0.12 0.45 0.2 0.31 0.95

1.06 1.23 1.09 1.29 1.43 1.4

0.8 4.8 8.9 4.3 3.6 2.9

0.5 0.9 2.2 0.7 1

1.2 0.4 1.3 1.01 2.7 0.5 1.2 0.9 2.4 1.25

0.5 3.1 4.4 2.4 0.1 2.2

>1500 >1500 1340 >1500 >1500

55 30.31

4.87 0.38

1.1 1.5 0.44

58

44.5 44.34

3.82 0.09 1.52

2.7

0.3 0.4 0.08

2.2 >1500

Low Vola Bituminous Low Vola

40

40.4 36.34

4.35 1.39 1.12

8.1

0.7 0.6

1.4

5.7 >1500

76

48.4 36.74

2.77 0.52 1.68

4.9

1.5 0.6 0.91

2.8 >1500

126738952.xls.ms_office

Ash Analysis

Page 14 of 26

China Colombia Colombia Colombia Colombia Indonesia Indonesia Indonesia Indonesia Indonesia Indonesia Indonesia Indonesia Indonesia Indonesia Indonesia Indonesia

Yue Yang BP Columbia British Sugar Cerrejan Cerrejan Bengalon Binungan 5-6 Binungan 7 Desa Bukit Eco-Coal Indominco Jorong Kitadin Mampunpundan Medium CV Melawan Parambahan

Low Vola Bituminous Bituminous Bituminous Bituminous Sub-Bitu Sub-Bitu Sub-Bitu Sub-Bitu Sub-Bitu Sub-Bitu

40

48 47 45 45 45 45 70 46 45 47 46 42 40 40 46 47 48 45 50 50

44.9 60.8 40.2 61.6 53.9

36.37 26.04 31.72 19.5 25.4

7.47 6.74 3.97 8.3 8.6

0.64 1.22 0.24 1.25 3.05 1.42 0.3 0.9 0.37 1.1

3.7 1 11 2.2 3.2

0.7 0.5 1.8 1.8 2.3

0.9 1.6 0.8 2.1 0.8

1.32 0.28 0.37 0.9 0.59

1.6 >1500 0.7 >1500 5.7 >1500 2.1 1420 3.7 1330

Sub-Bitu Sub-Bitu Bituminous Bituminous Bituminous Sub-Bitu

18.8

8.1

21.1

0.2

0.6

23

16 0.8

1.4

9.4

1250

Indonesia Petangesis Indonesia Pinang Indonesia Premium CV Indonesia Prima Indonesia Rantau Indonesia Roto North Indonesia Indonesia Indonesia Indonesia Indonesia Indonesia Poland Poland Poland Russia Russia Roto South Samarasangu Satui Senakin Trubaindo-2004 Tutupan British Sugar Janowice Weglokoks Donetsk bassin Kansko-Achinsk

19

18

11.8

0.1 0.78

15

19 0.4

0.6

14

1200

Bituminous Bituminous Sub-Bitu Bituminous Bituminous Bituminous

40 40 50 46 46.7 30.83 39.3 28.6 46.4 24.99 10.2 1.07 1.12 12.7 2.2 0.8 7.71 0.77 1.09 3.3 4.6 4.1 2.1 0.4 0.39 2.8 2.1 1.2 3.1 2.6 1.03 2 >1500 3.8 1360 4.6 1330

53

Russia Kuznetsk bassin Russia Pechora bassin South Africa rthur Taylor A Bituminous South Africa ank B Bituminous South Africa elgarthen B Bituminous South Africa ouglas D Bituminous South Africa rmelo/Glisa E Bituminous South Africaorzando F Bituminous South Africa oedgehoop G Bituminous South Africa oedgevonden G South Africa reenside G Bituminous South Africa leinkopje K Bituminous South Africa oornfontein K Bituminous South Africaandau (Keomdraai) ituminous L B South Africa iddleburg M Bituminous South Africa ptimum O Bituminous South Africa iet spruit ComplexBituminous R

51 52 50 50 46 59 58 52 50 52 53 43 47

47.4 30.5 40.6 32.4 51.8 26.9 45 30 60.7 33.5 47.5 26.4 38.2 32.3 52 32.1 45.6 37.1 41.9 34 51.4 38.4 50 35 55.9 27.6 51.6 25.5

4.64 1.04 1.62 7.07 2.53 2.11 7.3 0.6 1.4 3 2.1 2 1.84 0.2 1.55 6.54 0.26 1.26 5.1 3.5 1.3 4.14 3.83 2.57 3.1 3 3.25 5.42 0.81 1.48 1.29 1.6 1.62 1.6 1.3 2 1.2 2 0.76 1.44 1.7 1.37

7.2 8.3 4.9 7.5 0.6 8.4 11 4.8 5.7 8.7 2 3.5 4.7 6.9

2.2 1.4 1.1 1.2 0.3 2 1.6 1.3 1.1 2.3 0.3 1.2 2.1 1.5

0.4 0.9 1.3 0.4 0.7 0.6 0.5

0.18 0.15 0.4 0.2 0.06 0.28 0.19

3.6 3.6 3.2 3.5 0.2 6.4 6 1.2 2.6 5.2 0.7 2 2.5 4.9

1430 1430

1420 1400 1450 1500 1490 1450 1440

0.4 0.13 0.5 0.15 0.6 0.18 0.6 0.1 0.6 0.2 0.5 0.3 0.7 0.3

126738952.xls.ms_office

Ash Analysis

Page 15 of 26

South Africaselentis/Caroline Bituminous T South Africawistdraai T Bituminous Venezula Carbones del Guajira Bituminous Venezula Carbones del Gusare Bituminous Venezula Coopemin Edgar Moreno Venezula Minera Los Andes Venezula Exmivenca Venezula Geoconsa Bituminous Venezula Sugomeca-CIVCA

49 47 47

57.3

26.3

3.77 1.29 1.52 7.58 0.37 1.29 2.93 0.2 0.88

3.9 2.6 2.9

1.3 0.8 0.11 1.6 2.2 1 1.9 1.6 0.32

2.6 1.5 3.2

1430 1400 1400

55.8 28.67 58.8 22.16

52.9 30.32

4.99 0.95 2.14

1.1

0.8 2.2 0.28

0.4

1450

126738952.xls.ms_office

Ash Analysis

Page 16 of 26

Mine Wise FOB Prices of World Steam Coal (Other than Domestic)
Country Mine All figures in $/MT FOB Anglesea Bengalla Blair Athol Blair Athol Boundary Hill/Callide Burton Charbon Cooranbong Dartbrook Dendrobium Donaldson Drayton Gunnedah Hazelwood Hunter Valley Leigh Creek Loy Yang Maddingley Meandu Mine Mount Thorley Newcastle Tahmoor Vickery Yallourn Baodian British Sugar Dalian Dadong Dongsheng Dongtan E-zhou 1996 FOB 20.50 42.50 41.95 40.27 33.52 46.36 40.52 43.34 40.76 44.11 30.66 40.30 45.67 29.37 44.49 30.75 12.45 12.30 29.81 43.37 0.00 49.07 0.00 9.99 39.16 40.50 30.53 26.88 40.61 42.94 34.29 18.52 38.40 37.90 36.39 30.29 41.89 36.61 39.15 36.82 39.85 27.70 36.42 41.27 26.53 40.20 27.79 11.25 11.12 26.93 39.18 0.00 44.33 0.00 9.03 35.27 36.48 27.58 24.29 36.58 38.67 30.88 1997 FOB 16.69 34.60 34.15 32.78 27.29 37.74 32.99 35.28 33.18 35.91 24.96 32.81 37.18 23.91 36.22 25.04 10.14 10.01 24.27 35.30 0.00 39.94 0.00 8.14 31.78 32.87 24.84 21.88 32.96 34.85 27.83 1998 FOB 14.51 30.08 29.69 28.50 23.72 32.81 28.68 30.67 28.84 31.22 21.70 28.53 32.32 20.78 31.49 21.76 8.81 8.71 21.09 30.69 0.00 34.73 0.00 7.07 25.09 24.97 19.39 17.09 26.66 27.52 21.34 1999 FOB 13.21 27.39 27.04 25.96 21.61 29.88 26.12 27.93 26.27 28.43 19.76 25.98 29.44 18.93 28.68 19.82 8.03 7.93 19.21 27.95 0.00 31.63 0.00 6.44 25.41 25.29 19.64 17.31 27.00 27.87 21.61 2000 FOB 15.41 31.96 31.54 30.28 25.21 34.86 30.47 32.59 30.64 33.17 23.05 30.30 34.34 22.08 33.45 23.12 9.36 9.25 22.41 32.61 0.00 36.89 0.00 7.51 32.62 32.46 25.20 22.22 34.66 35.77 27.74 2001 FOB 14.25 30.25 29.86 27.99 23.86 33.00 28.85 30.85 29.01 31.40 21.31 28.02 32.51 20.91 31.67 21.89 8.87 8.55 21.22 30.87 0.00 34.93 0.00 7.11 27.32 27.19 21.34 18.81 29.03 29.96 23.24 2002 2003 FOB 9.18 25.70 24.23 24.42 19.98 27.78 24.42 26.27 24.28 27.35 18.54 24.28 28.38 10.42 27.45 17.88 4.34 4.44 17.76 26.21 0.00 29.74 0.00 3.14 29.72 29.57 23.21 20.46 31.58 32.59 25.27 2004 FOB 14.62 41.82 39.42 38.90 32.51 45.20 39.74 42.74 39.50 44.49 29.53 38.66 46.17 16.96 44.66 29.08 7.06 7.07 28.89 42.65 0.00 48.39 0.00 5.10 43.46 43.25 33.94 29.92 46.17 47.65 36.96

Australia Australia Australia Australia Australia Australia Australia Australia Australia Australia Australia Australia Australia Australia Australia Australia Australia Australia Australia Australia Australia Australia Australia Australia China China China China China China China

China China China China China China China China China China China China China China China China China China Colombia Colombia Colombia Colombia Indonesia Indonesia Indonesia Indonesia Indonesia Indonesia Indonesia Indonesia Indonesia Indonesia Indonesia Indonesia Indonesia

E-zhou Fuzhou Hanfeng Hanfeng Jining II Ligang Nantun Shanxi Shenfu Shenua Toukotu Xingchun Xinglongzhang Yan Chen Yangzhuang Yitai Yue Yang Yue Yang Cerrejan Cerrejan British Sugar BP Columbia Bengalon Binungan 5-6 Binungan 7 Desa Bukit Eco-Coal Indominco Jorong Kitadin Mampunpundan Medium CV Melawan Parambahan Petangesis

35.88 33.70 35.18 40.91 37.54 35.02 42.94 41.96 40.26 43.02 31.32 0.00 41.82 44.97 38.77 39.51 38.05 40.54 41.73 42.93 39.92 45.37 36.18 38.81 35.74 39.25 32.29 0.00 32.29 32.94 31.00 41.98 36.81 45.21 41.09

32.32 30.45 31.69 36.85 33.81 31.54 38.67 37.79 36.26 38.75 28.21 0.00 37.67 40.50 34.92 35.59 34.27 36.52 37.71 38.78 36.07 40.99 32.69 34.96 32.19 35.46 29.08 0.00 29.08 29.67 27.92 37.81 33.16 40.72 37.12

29.12 27.43 28.55 33.21 30.46 28.42 34.85 34.05 32.67 34.92 25.42 0.00 33.94 36.49 31.46 32.07 30.88 32.90 33.97 34.94 32.50 36.93 29.44 31.50 29.00 31.94 26.21 0.00 26.21 26.73 25.16 34.07 29.87 36.69 33.44

22.89 20.88 21.56 25.59 23.92 22.02 27.52 26.86 26.27 28.03 19.78 0.00 26.80 28.02 24.70 26.16 24.18 25.11 29.53 30.38 28.25 32.10 23.23 24.68 21.94 25.36 18.61 0.00 18.61 19.46 18.31 27.13 24.39 31.25 27.39

23.18 21.14 21.83 25.92 24.22 22.30 27.87 27.20 26.61 28.39 20.03 0.00 27.14 28.38 25.02 26.50 24.48 25.43 26.90 27.67 25.73 29.24 21.16 22.48 19.99 23.10 16.95 0.00 16.95 17.73 16.68 24.72 22.22 28.47 24.95

29.75 27.14 28.02 33.27 31.09 28.63 35.77 34.91 34.15 36.44 25.71 0.00 34.84 36.42 32.11 34.01 31.43 32.64 31.38 32.28 30.02 34.11 24.68 26.22 23.31 26.95 19.77 0.00 19.77 20.67 19.45 28.82 25.91 33.20 29.10

24.92 22.98 23.47 27.87 26.04 23.98 29.96 29.25 28.60 30.53 21.53 0.00 29.18 30.51 26.90 28.49 26.32 27.35 29.71 30.56 28.42 32.29 20.77 22.58 20.07 22.68 17.02 0.00 17.02 17.80 16.75 24.82 22.31 28.59 24.49

27.10 24.99 25.53 30.31 28.33 26.08 32.59 31.81 31.11 33.20 23.42 0.00 31.74 33.18 29.25 30.99 28.63 29.74 23.39 24.11 22.49 25.77 22.09 23.92 21.27 24.12 18.04 0.00 18.04 18.86 17.75 26.30 23.64 30.29 26.04

39.64 36.55 37.33 44.32 41.42 38.14 47.65 46.51 45.50 48.55 34.25 0.00 46.41 48.52 42.78 45.31 41.87 43.49 38.06 39.24 36.60 41.94 31.39 32.68 29.06 34.27 24.64 0.00 24.64 25.77 24.25 35.93 32.30 41.38 37.01

Indonesia Indonesia Indonesia Indonesia Indonesia Indonesia Indonesia Indonesia Indonesia Indonesia Indonesia Poland Poland Poland Russia Russia Russia Russia South Africa South Africa South Africa South Africa South Africa South Africa South Africa South Africa South Africa South Africa South Africa South Africa South Africa South Africa South Africa South Africa

Pinang Premium CV Prima Rantau Roto North Roto South Samarasangu Satui Senakin Trubaindo-2004 Tutupan Weglokoks British Sugar Janowice Donetsk bassin Kansko-Achinsk Kuznetsk bassin Pechora bassin Arthur Taylor Bank Belgarthen Douglas Ermelo/Glisa Forzando Goedgehoop Goedgevonden Greenside Kleinkopje Koornfontein Landau (Keomdraai) Middleburg Optimum Riet spruit Complex Tselentis/Caroline

39.72 43.27 43.91 34.87 40.19 37.56 36.28 42.62 41.09 42.32 38.10 40.43 39.08 46.44 39.40 40.21 36.34 33.08 35.20 37.87 32.25 33.05 29.22 35.02 38.38 0.00 34.47 38.42 35.24 32.49 35.25 29.72 34.73 34.91

35.77 38.97 39.55 31.41 36.20 33.83 32.68 38.39 37.12 38.23 34.32 36.53 35.31 41.96 35.59 36.33 32.83 29.89 31.63 34.04 28.98 29.70 26.26 31.47 34.49 0.00 30.97 34.53 31.67 29.20 31.68 26.71 31.21 31.38

32.23 35.12 35.64 28.30 32.62 30.48 29.44 34.59 33.44 34.44 30.92 32.91 31.81 37.81 32.07 32.73 29.58 26.93 27.50 29.59 25.20 25.82 22.83 27.36 29.98 0.00 26.93 30.02 27.53 25.39 27.54 23.22 27.13 27.28

25.92 28.32 29.44 21.01 25.56 22.89 20.17 28.49 27.22 27.52 23.05 28.61 27.66 32.87 27.88 28.45 25.72 23.41 25.05 26.95 22.95 23.52 20.79 24.92 27.31 0.00 24.53 27.34 25.08 23.12 25.08 21.15 24.71 24.85

23.61 25.80 26.82 19.14 23.28 20.85 18.38 25.96 24.80 25.07 20.99 26.06 25.19 29.93 25.39 25.92 23.42 21.32 29.09 31.30 26.65 27.31 24.15 28.94 31.71 0.00 28.48 31.75 29.12 26.85 29.13 24.56 28.70 28.85

27.53 30.09 31.28 22.32 27.15 24.32 21.43 30.27 28.92 29.24 24.48 30.40 29.39 34.92 29.62 30.23 27.32 24.87 36.43 39.19 33.37 34.20 30.24 36.24 39.71 0.00 35.67 39.76 36.46 33.63 36.48 30.76 35.94 36.13

23.71 25.91 26.94 19.22 23.38 20.94 18.45 26.07 24.34 24.61 21.08 28.78 27.82 33.06 26.64 27.19 24.57 22.37 29.29 31.52 26.84 27.51 24.32 29.14 31.93 0.00 28.68 31.97 29.32 27.04 29.33 24.73 28.90 29.05

25.12 27.45 28.54 20.36 24.77 22.19 19.55 27.62 25.89 26.17 22.34 24.34 23.27 28.85 23.64 24.80 21.85 19.69 34.82 37.45 30.89 31.91 28.76 34.47 38.02 0.00 34.17 38.13 34.86 31.21 33.99 29.28 34.30 34.54

34.32 37.51 38.99 27.82 33.84 30.31 26.71 37.73 36.79 37.19 30.52 39.60 37.86 46.94 41.36 43.38 38.21 34.45 47.40 50.98 42.05 43.44 39.14 46.92 51.76 0.00 46.51 51.90 47.45 42.49 46.27 39.86 46.69 47.02

South Africa Venezula Venezula Venezula Venezula Venezula Venezula Venezula

Twistdraai Carbones del Guajira Carbones del Gusare Coopemin Edgar Moreno Minera Los Andes Exmivenca Geoconsa Sugomeca-CIVCA

35.28 45.70 45.34 41.48 41.09 40.47 45.70 41.86

31.71 41.29 40.96 37.48 37.12 36.57 41.29 37.82

27.57 37.20 36.91 33.77 33.45 32.95 37.20 34.07

25.11 32.34 32.09 29.36 29.08 28.65 32.34 29.62

29.16 29.46 29.22 26.74 26.48 26.09 29.46 26.98

36.51 34.36 34.09 0.17 0.17 0.17 34.36 31.47

29.36 32.53 32.28 29.45 29.18 28.74 32.53 29.80

34.67 28.32 27.56 25.16 24.71 23.91 27.70 24.78

47.19 46.07 44.84 40.07 39.35 38.08 45.07 40.33

1.Rio Tinto: Rio Tinto plc, 6 St James's Square, London UK, SW1Y 4LD Telephone: +44 (0) 20 7930 2399 Fax: +44 (0) 20 7930 3249

Web: www.riotinto.com
Rio Tinto Limited, 55 Collins Street Melbourne, Australia, 3001 Telephone: +61 (0) 3 9283 3333 Fax: +61 (0) 3 9283 3707

Web: www.riotinto.com
Coal & Allied Industries Limited Lemington Road, Lemington NSW, Australia, 2330 Telephone: +61 (2) 6570 0300 Fax: +61 (2) 6570 0399

Web: www.coalandallied.com.au
2.Anglo American plc - head office 20 Carlton House Terrace London SW1Y5AN Tel: +44 (0)20 7968 8888 Fax: +44 (0)20 7968 8500 South Africa POBox 61587, Marshall town Johannesburg 2107 Tel: +27 (0)11 638 9111 Fax: +27(0)11 638 3221 Corporate Communications Anglo American plc Pamela Bell Tel: +44 (0)20 7968 8888 Fax: +44 (0)20 7968 8555 Email: corporateaffairs@angloamerican.co.uk Anglo American South Africa Anne Dunn Tel: +27 (0)11 638 3176 Fax: +27 (0)11 638 3176

3.Sasol Corporate Head Office Physical Address:1 Sturdee Avenue Rosebank Johannesburg, South Africa 2196 Co-ordinates all group activities and supplies certain specialised services Postal Address: PO Box 5486, Johannesburg South Africa 2000

e-Mail: sasol.internet@sasol.com
Tel: +27 11 441 3111 Fax: +27 11 788 5092 4. BHP Billition

Australia

BHP Billiton Limited BHP Billiton Centre 180 Lonsdale Street Melbourne Victoria 3000 Phone: (61) 1300 55 47 57 Fax: (61 3) 9609 3015

United Kingdom
BHP Billiton Plc, Neathouse Place Victoria, London SW1V 1BH Phone: (44 20) 7802 4000 Fax: (44 20) 7802 4111

South Africa
6 Hollard Street, Johannesburg 2001 Republic of South Africa Phone: (27 11) 376 9111 Fax: (27 11) 838 4716

United States
1360 Post Oak Boulevard, Suite 150, Houston TX 77056-3020 Phone: (1 713 ) 961 8500, Fax: (1 713 ) 961 8400
5.Xstrata Coal Australia Pty Ltd Coal Australia

POBox R1543 Royal Exchange Sydney, NSW 1225 Tel: +61 2 9253 6732 Fax: +61 2 9241 6898 Sydney Head Office Level 38 Gateway 1 Macquarie Place Sydney, NSW 2000 Australia Brisbane Office Level 10, Riverside Center 123 Eagle Street GPO Box 2587 Brisbane, QLD 4001 Australia Tel: +61 7 3115 5300 Fax: +61 7 3115 5412 Coal South Africa 1st Floor, 23 Melrose Boulevard Melrose Arch, Melrose North 2196 South Africa P O Box 1146 Johannesburg 2000 T el: +27 11 772 0600 Fax: +27 11 772 0699

Assumptions Made: 1. The mines considered in our study are open and they can supply to us. 2. The prices are proportional to CV for a given sulphur, ash and moisture contents. 3. The prices considered are spot and the long term contract prices will be lesser 4. The study is based on the information available on relevant websites in March-April 2004 5. The study includes only thermal coal and excludes all other grades of coal 6. The coal FOB prices and freight rate move in tandum with the respective international indices. 7.The freight rates are proportinal to the number of shipping days 8. The local logistics, taxes, duties, insurance, survey chgs are considered same for all. 9. Estimated data on trendline or straight line basis used, wherever necessary. 10. GAR values are estimated from intrinsic and total moistures.

Procedure: 1.The individual mine details obtained from websites of manufacturers, traders, acdemic institutions, Trom 2.The proximate, ultimate and ash analysis of only thermal (steam) coal(s) obtained as above. 3.The FOB price of the coal under study is derived from international indices and the CV. 4.The ACR NSW 6322GAD indice is used for Australian, Russian coals for 1996-2001. 5. The Indonesian 5350 GAR indice is used for Indonesian coals for 1996-2001 6.The Australia Newcastle 6700GAD indice for Australian, Russian coals, Indonesian Kalimantan 6300 G 7.The South Africa Richards Bay 6000GAD for South African, Chinese Qinhuangdao 6200GAD for Chine 7.The shipping freight rates are derived from the actuals paid by TPC during 1998-2003 and the estimate 8.The local logistic rates are derived from the actuals paid by TPC during 1998-2003. The contract rates 9.The taxes, duties, insurance, survey rates are derived from the actuals paid by TPC during 1998-2003. 10. The fuel cost per kwh is computed from the landed cost of coal, heat rate (coal equivalent) of Tromba

h-April 2004

ernational indices.

acdemic institutions, Trombay Performance Cell. ined as above.

nesian Kalimantan 6300 GAR for Indonesian normal and Kalimantan 5200 GAR are used for Indonesian enviro coal ngdao 6200GAD for Chinese coals. 98-2003 and the estimated shipping days from the origin. -2003. The contract rates are used for 2004. y TPC during 1998-2003. The new rates are used for 2004. The rates for 1996-1998 are obtained by trend line meth coal equivalent) of Trombay(excluding U6) and the respective GAR

or Indonesian enviro coals for 2002-2004.

obtained by trend line method.