Board of Directors

Appointed as an independent, non-executive Director on 22 August 2006.

Appointed Chairman on October 4, 2008.

Mr May had 27 years experience as a partner with KPMG until his retirement on 30th June 2006. Mr May served as a partner with KPMG both in Australia and Papua New Guinea. Mr May held senior positions within KPMG including a period as National Chairman of the Middle Market Advisory practice and was Partner in Charge of the Brisbane Middle Market Advisory practice for a period of 20 years. Mr May has extensive experience in accounting, taxation, auditing and business advisory matters having provided services to a diverse client base including medium sized and international corporations.

In the community Mr May still serves as a Board Member of the Brisbane Lions Foundation and served lengthy periods as Director of Lifeline Community Care and Indooroopilly Golf Club.

Age 59

Appointed as Managing Director on 23 July 2007.

As Operations Manager for Brookfield Equipment Company, Mr Smith has been involved in a number of major mining projects such as the Ivanhoe Copper Company's mine in Myanmar and the Ernest Henry mine in north Queensland. He was the General Manager of Eastern Coal Holdings (NZ) Limited, overseeing the Eastern group's coal operations and coal exploration activities in New Zealand, before his appointment to the position of Managing Director in July 2007.

Age 34

Appointed as a non-executive director 7 July 2004.

Mr McIntyre is a professional mining engineer with both open pit and underground management experience and expertise in the feasibility, evaluation and development of mining projects. Managing director of the Australian subsidiary of US mineral industry consultant, Behre Dolbear, Mr McIntyre has previously held senior positions at the Goonyella and Curragh mines in Queensland’s Bowen Basin.

Age 57