Wesfarmers 2007 Annual Report

This report provides a detailed overview of our activities and the group’s 2006/07 performance together with commentary on future prospects.

Curragh’s highlights in 2006/07 included continued metallurgical coal sales volume growth and the completion of the 20 kilometre conveyor and coal handling system to transport coal to Curragh from Curragh North. This was the last major component of the Curragh North Project which has been completed within the budgeted capital cost of $360 million.

Annual price negotiations were concluded by April 2007, with Curragh maintaining, and in many cases extending, long-term contracts to supply world-leading steelmakers in Asia, Europe and South America.

Curragh was successful in maintaining hard coking coal price relativities in those negotiations. Curragh is beginning a feasibility study into the expansion of the mine to achieve annual export tonnages of between 8.0 and 8.5 million tonnes of metallurgical coal.