sector: Energy ·
industry: Coal ·
As of
25 Nov 2009
9.58AUD
Macarthur Coal Limited (Macarthur Coal) is an Australia-based company. The Company is engaged in exploration, project evaluation, project development and coal mining activities in Queensland’s Bowen Basin. The Company is producer of seaborne low volatile pulverized injection coal (LV PCI) used for steel making. As a supplier to the steel producers, Macarthur Coal exports its entire product worldwide. The Company operates two mines in Queensland’s Bowen Basin. Coal sales and marketing are undertaken globally. The Company also produces thermal and coking coal. Macarthur Coal’s major assets include a 73.3% share in Coppabella Mine and Moorvale Mine through the Coppabella and Moorvale Joint Venture (CMJV), which together provide approximately 0.33 of the total volume of LV PCI exported from Australia and a 74.66% share of the Middlemount Mine project. It is organized in three segments: Operating coal mines, Exploration and evaluation and Other.
BRIEF: For the fiscal year ended 30 June 2009, Macarthur Coal Limited's revenues increased 74% to A$695.4M. Net income totaled A$168.6M, up from A$72.7M. Revenues reflect increased income from Operating Coal Mines segment. Net income also reflects higher other income, decreased distribution expenses and improved operating margin. Macarthur Coal Limited operates in coal mining, project evaluation and coal exploration segments.
Macarthur Coal Limited
Level 18, 215 Adelaide Street
Brisbane QLD 4000
P: +617.32217210
F: +617.32291776