AUSTRALIA

Magatar is currently busy introducing it's LCM methodology at Cook Colliery in Queensland Australia. Cook Colliery has recently been purchased by Caledon from Xstrata Coal and will be the first mine in Australia to employ Magatar's LCM methodology. Full production mining will commence in September 2007 after delivery and commisioning of the major mining machinery from Austria and Canada.

Magatar is also currently in contract negotiation phase for subcontract mining at a coking coal mine in New South Wales.

SOUTH AFRICA

Magatar is busy with feasability studies for two major new underground mining projects in South Africa. In both cases Magatar will be responsible for all underground mining activities with the clients handling the beneficiation and marketing of the coal.