Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: Taikun who wrote (32670)	11/23/2004 8:30:40 PM
From: Rocket Red	Read Replies (1) \| Respond to of 39344

Sounds Goood

To: Taikun who wrote (32670)	11/23/2004 8:51:47 PM
From: Rocket Red	Respond to of 39344

Anglo American and Kumba sign agreement to develop new Queensland coking coal mine. \| 20 October 2004 Anglo American plc and its South African subsidiary Kumba Resources Limited announced today that Anglo Coal Australia (Anglo Coal) and Kumba Australia Pty Ltd (Kumba) have signed a Heads of Agreement (HoA) that could lead to the development of a major coking coal mine in central Queensland, Australia . The HoA covers the investigation into the joint development of Kumba's Moranbah South Mining Development Lease (MDL) in combination with the southern portion of Anglo Coal's adjacent Grosvenor lease. These areas are located to the south of the township of Moranbah in the Bowen Basin coalfield of central Queensland. The coalfield hosts extensive high grade coking coal resources that already support several large mining operations, including the nearby Anglo Coal mine of Moranbah North. Kumba inherited its Moranbah South MDL from Iscor, which conducted exploration of the property during the 1990s, prior to the separation of its mining interests in 2001 to form Kumba. An extensive exploration and evaluation programme, to be funded by Anglo Coal as part of the HoA, will commence immediately, leading to the development of a feasibility study. Further information: Anglo American – London Investor Relations Nick von Schirnding Tel: +44 (0)20 7698 8540