FRASER COAST CENTRAL

MORE QUESTIONS ARE NEEDED TO BE ASKED WITH DIRECT ANSWERS

20 April 2010
Companies Annuncement Office
Australian Securities Exchange Limited
MEDIA RELEASE
TIARO COAL TO COMMENCE BULK MINERALS EXPORT OPERATIONS –
SIGNS AGREEMENTS WITH CHINA QINFA GROUP AND BUYING AGENT

The relationship between China Qinfa Group and Tiaro Coal continues to strengthen with the incorporation of a joint venture trading company and execution of a co-operation agreement focussed on developing substantial volumes of export trade in bulk commodities. The initial business focus is on coal.
China Qinfa Group (through its wholly owned subsidiary Bright Rock Holdings Pty Limited) currently holds 13.6 million shares in Tiaro Coal and is now a significant shareholder of Tiaro Coal with a holding of 21%. Shareholder approval was granted at a general meeting of shareholders on 25 March 2010 to increase this interest to 30%.
A joint venture company Australian Minerals Trading Pty Limited (AMT) has been formed to facilitate trade supply negotiations and agreements with suppliers in predominantly the Australian and New Zealand markets. AMT shareholdes are Yuen Hoi Ltd, a wholly owned subsidiary of China Qinfa Group and Tiaro Coal.
Following completion of the co-operation agreement AMT entered into a service agreement with Australian Commodities Trader Exchange Pty Limited (ACTE) to act as its Buying Agent. ACTE is a specialist procurement organisation.

The service agreement provides for ACTE to:
(a) Source coal supplies in Australia, New Zealand, Russia and other countries as
maybe agreed;
(b) Source iron ore supplies in Australia;
(c) Provide operational & administrative activities associated with coal suppliers and
trade finance providers required to finalise purchase contracts with overseas
buyers including China Qinfa Group; and
(d) Provide miscellaneous services, including identifying opportunities whereby
reputable coalmines require development capital with the ultimate intention to
provide AMT with coal off take capacity for its strategic international shareholder.
The business objective of AMT is to establish a substantial trading house supporting the commodity requirements of its key shareholder China Qinfa Group.

For 2010/2011 financial years a business growth target in excess of a million tonnes of exported commodity is planned and.………..More ASX AMT Tiaro Qinfa Coal Trading

Sourced & published by Henry Sapiecha

BURRUM AREA MINES, SHAFTS & TUNNELS – MAPPING

ROD STAFFORD of the local area mining family/land holders

I had arranged to see Mr Stafford with maps of the entire burrum district relating to the coal interests his family had with the ownership of Howard Collieries who did a lot of the mining in the area.

It was described to me how the seams ran through the area and apparently went in a circular type radius probably as the nucleus being the dump area and going around in a circle through the current railway station area and towards the golf course and then in a circular motion along Burrum River Rd back towards Torbanlea and then back to Howard again.

These mines and shafts are old ones and have long since been filled in with only the occasional subsidence.

They are not and should not be a problem in most cases, however it is great to know about these workings in case they do become an issue.

The plans and maps are fragmented in some cases and will require some serious work to make them usable or desipherable .

I have organized a surveyor to volunteer his services to copy the plans and get them back to us in some form that perhaps we can structure some usable format from them.

These plans will then be available for access to the public, consultants and authorities to access for a small fee when searches are done etc when buying a property etc or planning developments in the area.

The chamber extends its thanks to the Stafford family for thier co-operation in supplying the necessary data from which we shall endeavour to amass the mapping guidelines to the mining history to this area.

At some stage we shall supplement this info with that from the mining department to assemble what we believe will be the most comprehensive old mines maps in the district.

WILL KEEP YOU POSTED WITH DEVELOPMENTS

Published by Henry Sapiecha 2nd June 2009