Highlights

Dragline operating at night at Coppabella Mine

Share Price
$11.71 AUD
As at: 7:35 PM 2/09/2010
(20 Min Delay)
ASX code: MCC
History

Macarthur Coal History

Last updated 11 November 2008

 

1995 October Macarthur Coal Pty Ltd incorporated
1996 December Ken Talbot and AMCI farm into tenement EPC531
1997 April 10m thick coal seam now called Macarthur Seam discovered 100m deep at Coppabella project
1997 September CITIC joined Coppabella Joint Venture
1997 September          Feasibility study completed for Coppabella Mine for 3Mtpa
1997 October Mining Lease Application (MLA) and Environmental Management Strategy lodged with Department of Mines and Energy
1997 October Coppabella Joint Venture (JV) formed
1997 November Letter of Intent (L.O.I.) provided by JFE Shoji Trade Corporation
1998 May Native Title Agreement executed at Coppabella project
1998 June Coppabella Mining Lease granted
1998 July Japanese participants joined Coppabella Joint Venture
1998 July Mining operations commenced at Coppabella Mine
1998

1st October         

First coal mined at Coppabella
1998 6th November     First shipment of 18,293 tonnes of coal to Nippon Steel
1999 March Mine infrastructure completed at Coppabella Mine
1999 Financial year Total production 500,000 tonnes
2001 February Macarthur Coal Limited incorporated
2001 May Board of Directors appointed in preparation of an I.P.O.
2001 1st July Macarthur Coal undertook an I.P.O. to retire debt and provide for future growth at $128 million market capitalisation
2002 December Moorvale Mining Lease granted and mining operations commenced
2002 December Convertible note raising of $30 million (A$1.45 at 10% coupon)
2003 January Dragline production commenced at Coppabella Mine
2003 March First coal mined from Moorvale
2003 December Moorvale Mine infrastructure completed
2003 December Macarthur Coal purchased a further 23.3% interest in Coppabella Mine
2003 11th December Coppabella and Moorvale JVs unified
2004 March $31 million Rights Issue
2005 March Milestone - 30 million tonnes of ROM coal production from Coppabella Mine to date
2005 December All bank debts and convertible notes repaid in full
2006 June Record NPAT of $149.6 million
2006 Financial Year Total production 7,000,000 tonnes
2006 1st December Acquisition of Peter Champion Mining assets
2007 January Nicole Hollows appointed CEO
2007 October Upgrade of Moorvale CHPP to 600tph
2007 October Burdekin pipeline commissioned
2008 January Acquired 70% interest in Middlemount project
2008 January 4100C electric shovel and truck fleet commissioned
2008 February Sale of 19.61% of Monto Coal 2 Pty Ltd (10% interest in Monto project to Noble)
2008 June 100% transition to owner operator at Coppabella accomplished