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As of 8:04 PM 07/24/14 All times are local (Market data is delayed by at least 15 minutes).

metrocoal ltd (MTE) Snapshot

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08/23/13 - A$0.07
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03/25/14 - A$0.02
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metrocoal ltd (MTE) Details

MetroCoal Limited, a coal based energy company, holds and explores thermal coal projects in the Surat Basin region in South East Queensland, Australia. The company holds coal exploration tenements covering approximately 3,500 square kilometers in the Surat Basin. MetroCoal Limited is based in East Brisbane, Australia.

metrocoal ltd (MTE) Top Compensated Officers

Chief Executive Officer
Total Annual Compensation: A$337.6K
Exploration Manager
Total Annual Compensation: A$186.8K
Compensation as of Fiscal Year 2013.

metrocoal ltd (MTE) Key Developments

MetroCoal Limited Announces Executive Changes, Effective May 19, 2014

MetroCoal Limited announced that Mr. John Haley will resign as Chief Financial Officer and Company Secretary of the Company effective May 19, 2014, and Mr. Scott Waddell will be appointed as Chief Financial Officer and Company Secretary. Scott Waddell is currently Cape Alumina Limited's Chief Financial Officer and Company Secretary having been appointed in June 2010.

Metrocoal Limited Accepts the Resignation of Michael Hansel as a Non Executive Director, Effective from April 1, 2014

Metrocoal Limited announced further cost saving measures in its efforts to reduce its ongoing costs as export coal prices continue to reflect the weakness in the thermal coal market. The latest measures include a reduction in the Board of Directors from five persons to four and a reduction in all directors' fees. To give effect to this the Board has agreed to accept the resignation of Mr. Michael Hansel as a non executive Director of the company effective from April 1, 2014. Michael has been a Director of the company since 2008. Through HopgoodGanim, of which he is a partner, Michael will continue to provide legal services to the company.

MetroCoal Limited Announces Management Changes

MetroCoal Limited advised that Mr. Theo Psaros, former Chief Operating Officer, will resign as Company Secretary of the company effective 30 November 2013, and Mr. John Haley alternate director to Andrew Gillies and former Company Secretary will be appointed as Company Secretary.


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