Permitted and/or Operating

1. Stellarton Mine, operated by Pioneer Coal Limited and located in Stellarton, Pictou County, Nova Scotia. Pioneer Coal Limited is proposing to extend the Stellarton Mine to the area east of the existing mine site across MacGregor Road. The mine expansion will be approximately 50 hectares in area. The project is anticipated to recover 1.1 million tonnes of coal over the proposed 6 years of development with activities commencing in 2004.

3. Point Aconi is currently in the reclamation phase.

Mine Projects, Not Yet Permitted

2. Donkin Mine Project, operated by Morien Resource Corporation and located near Cape Breton, Nova Scotia. The Donkin Coking Coal Project is an underground coking and thermal coal development project located in Eastern Canada 30 kilometres from a recently dredged deep water port now capable of receiving capesize vessels. The Project is one of the largest standalone undeveloped coking and thermal coal opportunities in North America and is expected to be among the lowest cost coking coal mines in the world.