MCC
From IntFX
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Macarthur Coal Limited (Macarthur Coal) is an Australia-based company that, together with its controlled entities, is involved in exploration, development and mine management. Macarthur Coal's principal product is low-volatile pulverized coal injection coal (PCI coal) for use in the production of steel. A supplier of low-volatile PCI coal to the steel mills of Asia, Europe and Brazil, Macarthur Coal also produces some thermal and coking coal. Its major assets are the Coppabella Mine and the Moorvale Mine. The Company's subsidiary, Coppabella Coal Pty. Ltd., holds a 73.3% interest in the Coppabella and Moorvale mines. Another subsidiary, Monto Coal 2 Pty. Ltd., holds a 51% interest in the Monto Coal Project. On December 15, 2005, it acquired all of the shares in BB Interests Pty. Ltd. (BBI). In May 2007, the Company sold a 16.7% interest in the Olive Downs North project and a 26.7% interest in the undeveloped Moorvale Pits C & D to partners in the Coppabella and Moorvale Joint Venture.
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