QCoal Sonoma Pty Ltd, a privately-owned Queensland company, is currently developing the Sonoma Coal Mine in conjunction with the following joint venture partners:

• Cleveland Cliffs, an iron ore mining and processing company that is the majority owner of the Australian listed company, Portman Mining;

• JFE Shoji which is part of the JFE Steel Group, the second largest steel producer in Japan;

• China Steel, the largest steelmaker in Taiwan; and

• Watami Trading, a Hong Kong based marketing company

The Sonoma Coal Mine is located approximately 6km south of Collinsville at the Northern end of the Bowen Basin in Queensland, Australia. (see map). The Sonoma Coal Mine will initially produce 2 million tonnes per annum (Mtpa) of coking and thermal coal product. Product coal will be railed approximately 105km to Abbot Point Coal Terminal for export. The first shipment of coal product is expected to commence in January 2008.

PROJECT NEWS

PROJECT BULLETINS

• Job Opportunities

• Energy News

• Grant of Sonoma Coal Mining Leases (MLs)

• Operating Contracts

• April 2006

• September 2006

• September 2007