4 - Central Queensland Coal Associates is planning to open a new mine at Norwich Park to produce 4.3 million tonnes of coking coal annually. Financing for the new mine requires an estimated US$260 million, half of which will be furnished by Australian entities in order to comply with Australian policies designed to encourage greater local participation in new mining projects. Accordingly, Australian Mutual Provident Society ~ AMP will furnish 33% and UMAL, the Australian public company which also owns the minority interest in UDC, 17%. However, rather than owning 50% of Norwich Park the Australian Companies have opted to convert that to an ownership position in all four of the mines of Central Queensland Coal Associates. When this transaction is completed probably in January 1977 Utah International through UDC will own 76.25% of CQCA, Mitsubishi 12%, with the remaining 11.75% owned by Australians. An important by-product of going forward with the new Norwich Park project under this arrangement has been the agreement by the Queensland Government to substantially increase the total tonnages that we may export over the life of our operations. Lucky Mc Uranium Corporation currently is operating the Lucky Mc mine and mill near Riverton, Wyoming and the Shirley Basin mine and mill near Casper. These properties have a combined annual production of approximately 4.2 million pounds of uranium oxide. Other activities conducted by the parent company or less significant subsidiaries include land development activities primarily in California, a copper mine and mill in British Columbia producing approximately 105 million pounds of copper contained in concentrates, the Navajo steam coal mine near Farmington,