New Hope Corporation Limited (New Hope) is engaged in mining and sale of coal; investment in bulk material coal handling operations; operation of an export coal handling port facility; exploration and land management activities, and investment in coal seam gas operations. During the fiscal year ended July 31, 2008 (fiscal 2008), total saleable coal production from New Hope’s operations was 4.451 million tons. The New Acland Mine is located 16 kilometers northwest of Oakey on the Darling Downs in South East Queensland and is the Company’s major production source with approximately 3.92 million tons produced during fiscal 2008. The balance of coal production in fiscal 2008, of 531,000 tons came from the New Oakleigh mine in the West Moreton district, near Ipswich. In September 2008, the Company announced the sale of New Saraji Coal project to the BHP Mitsubishi Alliance (BMA).