An emerging mining player ? Abterra is an emerging supply chain manager of resources and minerals in the Asia Pacific region dealing specifically in coking coke and metallurgical coke and iron ore. The Group trades coking coal, coke and iron ore in Australia, India, Indonesia and China. Abterra has and is looking to acquire upstream assets such as coking coal mines, iron ore mines and coke plants to differentiate itself by having control over the inputs in its core trading business.

Shanxi Taixing Jiaozhong ? Coal reserves increased to 61.4m MT ? Abterra has recently acquired a 49% stake in a coking coal mine company, Shanxi Taixing Jiaozhong in May 09. The initial total reserve of 10.23 million MT was increased to 61.4 million MT in May 2009, as confirmed by Shanxi Province Coal & Coke Geological 144 Exploration Institute. In addition, the management intends to increase the annual production capacity by 6 folds to 900,000 MT.

Acquisition of 22.8% stake in iron ore company ? Abterra is expected to acquire a 22.8% stake in an iron ore mining company, Zuoquan Xinrui, by 4Q09. The acquisition target, ranked 3rd largest in Shanxi, has an annual production capacity of about 1,500,000 MT with an iron ore reserve estimated to by 27.9 miilion MT.

Increasing production capacity to 5 million MT per annum in the next 2~3 years ? We understand that Abterra intends to increase its annual production capacity to 5 miilion MT per annum within the next 2~3.

A recent acquisition by Noble Group Limited who made an AUD 447.7 million takeover offer for Gloucester Coal Ltd, giving it access to Gloucester's 38 million tons of coal reserves. Currently, we do not have a rating for Aberra.