MetroCoal Limited

Metallica holds 30% of MetroCoal Limited, an emerging coal-based energy company focused on its 100% coal projects in the Surat Basin in South East Queensland. MetroCoal listed on the ASX on 4 December 2009 after closing a fully subscribed IPO raising $10 million.

MetroCoal’s core strategy over the next two years is to establish exploitable coal deposits of 2-3.5 billion tonnes within its current tenements for purposes of export coal from conventional mining operations, and provide a world-class base for Underground Coal Gasification (UCG) operations to produce ‘syngas’ that can be converted to generate cleaner electric power and once established, use a portion of the syngas production for purpose of clean fuels (such as clean diesel) and fertilisers.

For further information on MetroCoal, please refer to their website: