AI assistant
METRO MINING LIMITED — Major Shareholding Notification 2012
Jan 8, 2012
65351_rns_2012-01-08_9f644bff-848e-418e-a474-d4b4c046c299.pdf
Major Shareholding Notification
Open in viewerOpens in your device viewer
==> picture [126 x 101] intentionally omitted <==
ACN 117 763 443
ASX ANNOUNCEMENT
9 January 2012
DADI GROUP INCREASES ITS SHAREHOLDING IN METROCOAL TO 19.6%
MetroCoal Limited announced today that one of China’s leading coal services groups, DADI, has significantly increased its shareholding in the Company.
MetroCoal Limited is pleased to confirm that as per the attached Form 604 lodged with the Company by DADI, the Group has increased its shareholding in MetroCoal to 41 million shares or approximately 19.6% of MetroCoal’s Issued Capital.
The increased shareholding resulted from the DADI Group purchasing a further 9 million shares in MetroCoal in an off market transaction from Metallica Minerals Limited.
MetroCoal welcomes DADI’S increased shareholding and support leading into 2012.
About DADI
DADI is a major Chinese coal group that offers the full range of coal services including open cut mine design, underground mine design, coal process plant design, coal processing research and development and engineering, procurement and construction projects.
DADI has over 2,000 employees and has been involved in many significant coal projects including the completion of more than 30 open cut and underground mining projects, the design and supply of over 70 coal processing plants and 3 water slurry treatment plants.
About MetroCoal Limited (ASX code: MTE)
MetroCoal is an Australian based emerging coal based energy company focused on its 100% owned coal projects in the Surat Basin in South East Queensland. MetroCoal’s vision is to build a substantial coal business based on export thermal coal from underground mining and where possible, open cut mining.
MetroCoal holds extensive coal exploration tenements in the Surat Coal Basin covering approximately 4,000km[2] . These tenements are down dip of well known resources including Wandoan, Elimatta, Cameby Downs and Worri.
For further information, please contact:
Mr Mike O’Brien
Chief Executive Officer
Phone: +61 (7) 3249 3040 Fax: +61 (7) 3249 3041 Email: [email protected] Postal Address: GPO Box 122, Brisbane QLD 4001
Further information on MetroCoal can be found on our website www.metrocoal.com.au
==> picture [462 x 649] intentionally omitted <==
==> picture [465 x 527] intentionally omitted <==