Shenhua Watermark Coal

Shenhua Australia Holdings Pty Limited and Shenhua Watermark Coal Pty Limited were registered in Australia in October 2008 and are subsidiaries of Shenhua Overseas Development & Investment Co Ltd, which serves as a global vehicle for outbound investment and project development on behalf of Shenhua Group Corporation Limited (Shenhua Group).

The Shenhua Group is a world leading coal based energy company and the largest coal supplier in the world. The company's focus is on the production and marketing of coal, power generation, railway transportation, port operations, shipping, coal-to-liquids, coal-to-chemicals and employs over 214,000 personnel worldwide.

The large Watermark coal mining project in north west New South Wales,that is being proposed by Shenhua Australia Holdings Pty Ltd and ShenhuaWatermark Coal Pty Ltd, is one step closer to becoming a reality after itreceived recommendation for approval from the NSW PlanningAssessment Commission (PAC).