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36 Jindal Steel & Power Limited Business Leadership Sustainable Operations Excellent Governance Robust FinancialsGlobal VenturesAnnual Report 2011-1237IndonesiaPit SamplingAustraliaShri Naveen Jindal, CMD, JSPL and Co-Chair (India) for Indo-Australia CEO forum visitingCanberra (Australia) as part of a delegation, including Shri Anand Sharma, Hon’bleMinister of Commerce and Industry and Textiles, Govt. of India (extreme right) to meetMs Julia Gillard, Hon’ble Prime Minister of AustraliaJindal IndonesiaJSPL has invested for the development of two greenfield exploration assets in Indonesia. Both the mines are located within CentralKalimantan Province of Indonesia.Jindal AustraliaJSPL has undertaken Coal Exploration Projects in Queensland, AustraliaThermal Coal AssetLarge size deposit of low ash – lowsulphur thermal coal for open castoperationCoal mining license obtained in 2009for 10 years till March 2018 for over35.9 SqMPermit received from the Ministry ofForest for the entire concession areaMoU signed with Bupati Barito todevelop road for coal hauling139 Ha of land acquired for the firstphase of miningAcquired 17.7 Ha land for thedevelopment of captive coal terminalfor coal handling and barge loading atBarito RiverLand clearing commenced. Productionto commence in 2012-13Coking Coal AssetExploration License over 100 Sq Km inCentral KalimantanMedium to large size deposits ofprime hard coking and thermal coalfor open-cast operationThese exploration tenements are spreadover a very large area of more than1,300 sq kms with potential for coking/PCI and thermal coal and are strategicallylocated in three major coal bearing areasof Queensland i.e. Bowen Basin, SuratBasin and Maryborough Basin close torail and port infrastructure.The exploration activities in the DingoSouth and Dingo North project are atan advanced stage. A contractor hasbeen engaged to conduct the seismicsurvey, which is likely to commencesoon. Concurrently, discussions arealso being held with Queensland Coaland Gas Company for a data sharingagreement for Dingo South Project.These coal exploration projects havethe potential for PCI CoalProcess initiated for native tileagreements for MaryboroughSouth and Tuan West projectslocated in Maryborough regionof Queensland; discussions forco-operation agreement withoverlapping petroleum lease holdersinitiated for Coxon Creek project.The project has the potential forlarge thermal coal resourcesAn option agreement signed withFitzroy Port terminal for 5 MT ofport capacityDiscussions were initiated withQueensland Rail for rail capacity onBlackwater rail system and MauraRail system