Positive growth
U&D Mining Industry (Australia) Pty Ltd (the Company) was established in 2011. It is a wholly-owned subsidiary of U&D Coal Limited, an unlisted public company. In 2013, the Company successfully privatized Endocoal Limited, making it a 100% subsidiary. Currently, the Company holds more than 10 exploration and mining tenements in Queensland, boasting 500 million tonnes of JORC resources.
Over the past decade, the Company has transitioned from an exploration business to a thriving mining enterprise. Our collaboration with joint venture partner Sojitz Blue resulted in the development of the Meteor Downs South Coal Mine, marking a significant milestone in our journey.
Looking ahead, the Company is focused on sustained growth and envisions the development and operation of two additional mines within the next 5 years, with the aim of delivering consistent profits to our valued shareholders.
Our overarching vision is to be recognized as a forward-thinking mineral explorer and emerging producer, dedicated to creating enduring value from our resources and relationships. Our commitment to safety is unwavering, and we hold it as a core value. Our aspiration is to achieve the ultimate goal of Zero Harm, ensuring the safety of our team, those we collaborate with, the environment, and the communities we operate within. Your support is crucial in helping us attain these objectives.
Furthermore, the Company is acutely aware of its social responsibility towards local communities. We take pride in our track record of fostering economic growth and employment opportunities in the towns where our mine is located. With the expansion of our operations to new sites, we are committed to bringing even more opportunities and positive growth to these communities.