| • |
Richards Bay (in uMhlathuze Municipality) |
| • |
Tata Steel on December 14, 2005 signed
agreements to buy a 5% interest in the
Carborough Downs Coal Project located in
Queensland, Australia. |
| • |
The Carborough Downs coal project is
majority owned and operated by a subsidiary of
AMCI Holdings Australia Pty Ltd. |
| • |
The project life is currently estimated to
have a life of 14 years and approximately 58
million tonnes of raw coal is expected to be
mined during this period. |
| • |
There is a further potential resource of 100
Million tonnes of raw coal in the unexplored
areas and deeper seams. |
| • |
The clean coal envisaged to be produced will
be low-ash coking coal and PCI coal, highly
suitable for steel making. |
| • |
Tata Steel also signed an offtake agreement
for a proportion of the production over life of
the project.
|
