FCA,SDIAM

Mr Murray has been a Director and Non-Executive Chairman since October 2004. Mr Murray has been for over 30 years a senior executive in merchant banking and stock broking at Director level. Experience in corporate finance, mergers, acquisitions, fund raisings and general management.

FAICD, B Sc (Hons), MBA

Mr Chenery has in excess of 37 extensive years in Australian and international experience in the steel and coal industries. He has also held a significant number of Board positions throughout his career.

MBA, B Sc (Hons), BA, Dip Jur, MAICD

Mr Birthistle has worked as a corporate planner for international companies in computers and security, as a management consultant, and as a Chief Executive Officer of a light engineering company. He is currently Principal of Connaugh Consultants, a boutique financial planning organisation. He is a past chairman of the Australian Shareholder's Association.

B Bus, FCA, ASIA

Mr Hughes joined the board in July 2004 as Non-Executive director. He has over 25 years experience as an investment banker in Australia and Asia. Mr Hughes is the Chairman of the Audit Committee.

MBA, BSc, Dip Bus Std, Dip Ed, MAIMM, GAICD

Mr Butel has over 28 years in the coal industry and was previously Chief Executive Officer of ACIRL Pty Ltd. He has previously held senior positions in both management and marketing with a number of coal companies as well as another service provider SGS Australia.