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31 October 2016
Acquisition of Queensland’s Callide coal mine
Australian-owned private company Batchfire Resources Pty Ltd (Batchfire) is pleased to announce its
100 percent acquisition of the Callide thermal coal mine in central Queensland from Anglo
American.
“This a red-letter day for Batchfire, Queensland and especially the people of the Banana Shire and
central Queensland,” said Batchfire Chief Executive Officer, Peter Westerhuis.
“Callide Mine has been a major economic and employment driver for Biloela and central
Queensland for more than 70 years, supplemented by the commissioning of the nearby Callide
Power Station in 1965.
“The Callide B and C power stations will be leading customers for the mine’s output under long-term
supply contracts, essential for major power generation facilities with a combined capacity of 1,510
megawatts.
“We have established a constructive working relationship with CS Energy, which owns Callide B and
50 percent of Callide C in a joint venture.
“We appreciate the support we have received from CS Energy and are committed to fostering the
constructive, working relationship established with CS Energy during the sale process.
“Callide Mine is a mature and significantly sized coal producer, supported by an experienced local
workforce, first class logistics and export infrastructure.
“With significant remaining recoverable thermal coal reserves Callide Mine has a bright long-term
future as a low cost domestic and export producer,” Mr Westerhuis said.
Batchfire’s acquisition is on a ‘walk-out, walk-in’ basis meaning that Callide Mine will continue to
operate uninterrupted.
Mr Westerhuis and members of his senior management team are scheduled to brief Callide
employees on Batchfire’s operational priorities tomorrow (Tuesday 1 November).
“Our first priority is to engage with the Callide workforce, contractors, suppliers and the broader
community to ensure the smoothest possible transition after six years of uncertainty over the mine’s
future direction, which I can assure them is positive,” Mr Westerhuis said.
Media:
Jim Devine
0412 190 021
j.devine@batchfire.com.au

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About Batchfire Resources
Batchfire Resources Pty Ltd is a privately owned Australian company, based in Brisbane, Queensland. For the
Callide Mine acquisition investment support was received from Lindenfels Pte Ltd, a 100%-owned subsidiary of
Singapore-based Avra Commodities Pte Ltd.
Batchfire Resources Pty Ltd Board of Directors
Terry O’Reilly (Non-executive Chairman)
A highly experienced senior resources executive at Rio Tinto (1981-97) including Managing Director Cozinc Asia
(1986-89); Managing Director Pacific Coal (1989-94); and Managing Director Coal and Allied Industries (1994-
97). Terry has extensive board experience as Chairman of the Australian Coal Association; Queensland Coal
Operators; NSW Minerals Council and World Coal Institute Promotions Committee.
Edek Choros (Founder & Executive Director)
A geologist with more than 30 years’ experience in coal development, Edek was founder and Managing
Director of Millennium Coal Pty Ltd (1999-2005), which brought the Millennium Project in central Queensland to
fruition (sold subsequently to Excel Coal Ltd).
Richard Barker (Non-executive Director)
An experienced investment banker and company executive, Richard runs a corporate finance business, Mosaic
Capital Pty Ltd (2013-present; 2005-2008), and was previously Co-Head Metals & Mining Investment Banking,
RBC Capital Markets (2008-2013) and CEO BetCorp Ltd (2003-2004). He has extensive resources sector finance
experience, with a focus on mergers and acquisitions and capital raisings.
Ben Burgess (Executive Director)
An economist, Ben started his career as a coal trader with Glencore AG working in Sydney, Singapore and
Jakarta. Now CEO of Avra Commodities in Singapore, Ben has responsibility for all trading, financing and
investment activities related to coal and coke products.
Simon Harrison (Non-executive Director)
Prior to founding Avra Commodities, Simon was CEO of ICAP Shipping, which he transformed from a new
market entrant into a leading global ship broking and shipping derivatives broking house operating from
London, Singapore, Shanghai, Hamburg, Stamford and Gibraltar. Simon has over 30 years of shipping industry
experience.
Senior Management
Peter Westerhuis (Chief Executive Officer)
Peter’s senior management experience includes Non-executive Director, Bathurst Resources (2015-present);
Managing Director, Guildford Coal Ltd (2013) and Chief Executive Officer, Ensham Resources Pty Ltd (2008-
2012). His operations experience includes Executive Director, Idemitsu Australia (2012-13) General Manager
Operations, Ensham Resources Pty Ltd (2002-2008); Mine Manager, Roche Mining (2000-2002); Processing
Manager, BHP Coal (1994-1999) & engineering roles with BHP Iron Ore (1985-1994).
Colin Moffatt (General Manager Operations and Senior Site Executive, Callide Mine)
A mining engineer for more than 25 years, Colin brings broad operations experience as General Manager
Premier Coal Ltd (2013-2014); General Manager, Technical and Sustainability, Idemitsu Australia (2011-2012);
and senior management roles for Ensham Resources Pty Ltd (2002-2011).
Scott Southwood (General Manager Marketing)
A senior marketing executive with 25 years experience in logistics, global commodities, customer relations and
finance negotiation.
ENDS