Wednesday, March 28, 2012

Commencement of Longwall Production at NRE No.1 Colliery-
Receipt of Departmental Approval

Kolkata, 28th March 2012: Gujarat NRE Coking Coal Limited (GNM or the Company), the Australian subsidiary of Gujarat NRE Coke Ltd (GNCL), is pleased to announce that it has received the Subsidence Management Plan (SMP) approval from the NSW Government, Australia, to start the longwall mining at its NRE No1 mine.

The company has been working closely with various departmental agencies to ensure that the SMP approval is received in a timely manner and on receipt of the same, the company is also actively working with the departmental agencies to ensure that all the approval conditions which include measures to protect the environment and built features are fully complied with.

Speaking on the development, Mr. Arun Kumar Jagatramka, Executive Chairman of the Company said, “The grant of approval to commence longwall production at NRE No.1 mine vindicates our commitment and belief to have the two hard coking coal mines under longwall operations before the end of March 2012. It is further significant due to the fact that the commencement of longwall production in NRE No1 mine not only ensures the future growth of the Company on a higher trajectory but also secures the permanent employment of more than 600 employees working for the Company in Illawarra."

About Gujarat NRE

Gujarat NRE Coke Ltd (GNCL), the flagship company of Gujarat NRE group is the largest independent producer of met coke in India with an installed capacity of 1.434 MTPA.

Gujarat NRE is the only Indian company with coking coal mines in Australia having over 650 million tons of Coking Coal resource with excellent coking properties. The coal mines are owned through its subsidiary— Gujarat NRE Coking Coal Limited (GNM), listed on the ASX. The two coking coal mines NRE NO.1 and NRE Wongawilli are located in the Illawarra region of New South Wales, Australia. The hard coking coal production is being increased from current level of around 2 MTPA to 6 MTPA by 2015, which would make it one of the top 10 hard coking coal producers in the world.

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