HOW CLOSE DO WE WANT COAL MINING TO OUR HOMES AT THE FRASER COAST ?

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

CHAMBER PUBLISHED MINUTES FEBRUARY 2009

BurrumChamberofCommerce

10008045

Linking Business & the Community

green-arrow-down-with-people-pic1

122nd GENERAL MEETING OF THE BURRUM CHAMBER OF COMMERCE INCORPORATED HELD ON MONDAY, 2nd FEBUARY, 2009

Discussion was had on the following matters of community concern

1…New treasurer for Burrum Chamber of Commerce appointed

2…Police numbers in Howard to now increase from 2 to 5 persons

3…Wide Bay Water report on state grant application to sewer Howard

4…Street light application Nov 2006 still not acted on by council

5…Howard-Torbanlea bridge, a lifeline to area but dangerous

6…Funding of Bridge upgrade by council please

7…Where are our rates monies from Burrum District being spent?

8… Fraser Coast Economic Profile Booklet – discrepancies regarding Howard

9…Councillor O’Connel seeks continued support for the ‘Greet Group’

10..Pacific Haven Circuit area a nightmare for following street numbers

11…Accurate flood & old mines maps to be made available to council & developers

12..Development Seminar hosted by HB to be attended by selected Burrum members

13..Coal mining to go ahead in the area near Howard. Expect 50-100 jobs..!!

14…Local Chambers and council to have 3 monthly meetings-Planned

15…Transport/Truck issues with coal mining activities

16…Arthur Thompson [SES Leader] send off function praised

17…Newspapers to interview selected successful local businesses

18…Update on Fraser Coast Rural Enterprises concept

19…Chamber members to submit their emails & staff for inclusion in mailouts

20…New SES leader temp. appointed. Tim Carson introduced to members

NEXT MEETING TO BE HELD ON MONDAY, 2nd MARCH, 2009.

Meeting closed at 8.50 pm.

…………………………………………………………………………………………………………………………………………………………..

*President – Bill Gosewisch *Vice President – Mal Chard *Secretary – Rhonda Davison *Treasurer – Bill Brown *Publicity Officer – Henry Sapiecha

Email…. [email protected] P.O. Box 174 Howard Q4659