Glossary
    Highlights

    Dragline operating at night at Coppabella Mine

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    $11.69 AUD
    As at: 5:55 PM 6/09/2010
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    ASX code: MCC
    Glossary

    Glossary & Abbreviations

     

    $M

    Million dollars

     

    AAICD

    Associate of the Australian Institute of Company Directors

     

    ACIS

    Associate of Institute of Chartered Secretaries and Administrators and Chartered Secretaries Australia

     

    AGM

    Annual General Meeting

     

    ASIA

    Associate of the Securities Institute of Australia

     

    ASIC

    Australian Securities and Investments Commission

     

    ASX

    Australian Stock Exchange

     

    BAppSc

    Bachelor of Applied Science

     

    BA

    Bachelor of Arts

     

    BBus

    Bachelor of Business

     

    BE

    Bachelor of Engineering

     

    Bowen Basin

    The principal coal mining area in Queensland

     

    CA

    Chartered Accountant

     

    Coking coal

    Coal which is suitable for making coke

     

    Corporate governance

    The system by which companies are directed and managed

     

    Crude steel

    Unrefined steel

     

    Cultural heritage

    The requirements set out in the Aboriginal Cultural Heritage Act 2003 regarding significant Aboriginal areas or objects or evidence of archaeological or historical significance of Aboriginal occupation of an area of Queensland

     

    DipAICD

    Diploma from the Australian Institute of Company Directors

     

    Dividend

    Payment from the Company’s profits to its shareholders

     

    Dragline

    A large earthmoving machine with a bucket suspended by cables from a crane-like boom

     

    DUniv

    Doctorate of University

     

    EBIT

    Earnings before interest and tax

     

    EBITDA

    Earnings before interest, tax, depreciation and amortisation

     

    EPA

    Environmental Protection Agency

     

    EPC

    Exploration permit for coal

     

    FAICD

    Fellow of the Australian Institute of Company Directors

     

    FAIM

    Fellow of the Australian Institute of Management

     

    FAusIMM

    Fellow of the Australian Institute of Mining and Metallurgy

     

    FCIS

    Fellow of Institute Chartered Secretaries and Administrators and Chartered Secretaries Australia

     

    FCPA

    Fellow of the Certified Practicing Accountants

     

    GAICD

    Graduate of the Australian Institute of Company Directors

     

    Geological modelling

    The recording of physical characteristics of different rock types from boreholes

     

    Grad Dip Adv Acctg

    Graduate Diploma in Advanced Accounting

     

    Grad Dip CSP

    Graduate Diploma in Company Secretarial Practice

     

    Hedging

    A process to protect against or reduce a risk

     

    HonDLitt

    Honorary Doctorate of Literature

     

    Indicated Resource

    That part of a Mineral Resource for which tonnage, densities, shape, physical characteristics, grade, and mineral content can be estimated with a high level of confidence. It is based on detailed and reliable exploration, sampling and testing information gathered through appropriate techniques such as outcrops, trenches, pits, workings, and drill holes. The locations are too widely spaced or inappropriately spaced to confirm geological and/or grade continuity but are spaced closely enough for continuity to be assumed

     

    Inferred Resource

    That part of a Mineral Resource for which tonnage, grade and mineral content can be estimated with a reasonable level of confidence. It is inferred from geological evidence and assumed but not verified geological and/or grade continuity. It is based on information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings, and drill holes which may be limited or of uncertain quality and reliability

     

    JORC Code

    A code prepared by the Joint Ore Reserve Committee which defines criteria for publicly reporting resources and reserves

     

    KPIs

    Key performance indicators

     

    Low volatile coal

    Coal with less than 17% volatile matter

     

    MAppSc

    Master of Applied Science

     

    MAusIMM

    Member of the Australasian Institute of Mining and Metallurgy

     

    MBA (AGSM)

    Master of Business Administration from the Australian Graduate School of Management

     

    ME

    Master of Engineering

     

    Measured Resource

    That part of a Mineral Resource for which tonnage, densities, shape, physical characteristics, grade and mineral content can be estimated with a high level of confidence. It is based on detailed and reliable exploration, sampling and testing information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings, and drill holes. The locations are spaced closely enough to confirm geological and/or grade continuity

     

    Metallurgical coal

    Coal used in the production of steel

     

    MLA

    Mining lease application

     

    NPAT

    Net profit after tax

     

    OBE

    Order of the British Empire

     

    Open-cut mine

    A mine worked at and from the surface

     

    Overburden

    Material which overlies a deposit of useful material

     

    PCI

    Pulverised coal injection

     

    Pig iron

    Raw iron produced from blast furnaces

     

    ROM

    Run of mine

     

    QDA

    Queensland Diploma of Agriculture

     

    Reserves

    The economically mineable part of Measured or Indicated Coal Resource at the time of reporting as defined in the JORC Code

     

    Resources

    The part of the coal deposit for which there is a reasonable prospect for eventual economic extraction as defined in the JORC Code

     

    Royalties

    State government charges for the mining of coal

     

    Slimcore

    A borecore less than 90 millimetres iin diameter

     

    Strike length

    The length of a deposit able to be accessed for mining

     

    Tenement

    A mining lease, exploration permit, or mineral development licence

     

    Thermal coal

    Coal which is combusted to provide heat for steam generation and subsequent power generation

     

     

    Unincorporated Joint Venture

    A business structure in which participants have several liability, fund operating and capital costs and receive the production in proportion to their level of ownership