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MACARTHUR COAL LIMITED - ASX: MCC
The data on Australian Shares.com is intended as a guide only and is compiled from information in the public domain. Data on this website should not be used to make an investment or trading decision.
Description
Macarthur Coal Limited is a public company that listed on the Australian Stock Exchange on 1 July 2001.
Michael Gray, Vice President Open Cut Development and Infrastructure points out aspects of Coppabella Mine to visitors. The Company is Queensland-based with its mining assets situated in Queensland’s Bowen Basin and its corporate office located in Brisbane.
Macarthur Coal's principal product is low volatile pulverised coal injection (LV PCI) coal product for use in the production of steel. Macarthur Coal is a key supplier of low volatile PCI coal to the steel mills of Asia, Europe and Brazil and also produces some thermal and coking coal.
Macarthur Coal's major assets are a 73.3% share in Coppabella Mine and Moorvale Mine through the Coppabella & Moorvale Joint Venture (CMJV), which together provide approximately one third of the total volume of low volatile PCI coal exported from Australia. Macarthur Coal also has a 50% share of the Middlemount Mine project.
Macarthur Coal has large prospective exploration tenement holdings which provide a project portfolio for the development of new coal mines.
Macarthur Coal’s mines and exploration tenements (excepting the Middlemount Mine project) are held within unincorporated joint ventures, a structure which has allowed the Company to gain significant strategic benefits by involving other parties in its projects. Our production joint venture participants are: CITIC Resources Australia Pty Ltd, Marubeni Corporation, Sojitz Corporation, JFE Shoji Trade Corporation, and NS Trading Co Ltd.
Macarthur Coal employs around 445 people directly and more than 380 people through contractors.
Macarthur Coal provides the expertise to manage the mines and exploration program on behalf of the joint venture participants. Macarthur Coal carries out all mining operations at Coppabella Mine. Contractors are engaged to undertake mining operations at the Moorvale and Middlemount mines.
Mine For
coal
Location of operation(s)
Queensland
Australian Basins
Bowen
Address
Level 5, 100 Melbourne St
BRISBANE, QLD, AUSTRALIA
Phone
(07) 3221 7210
Website
http://www.macarthurcoal.com.au
Last Updated
7/3/2011
The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.
