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New Appointment

Monday, July 23rd, 2007

The Board of Macarthur Coal Limited is pleased to announce the appointment of Mr Chen Zeng to the Board as a non-executive director.
Mr Zeng is the Managing Director of CITIC Australia, a company that is a long time shareholder, partner and investor in Macarthur Coal’s coal ventures and shares a similar business philosophy.
Mr Zeng has over 18 years of experience managing a number of business operations, corporate and asset restructures, and has developed several projects for the CITIC and CITIC Australia groups.
Commenting on the appointment, Macarthur Coal’s Chairman, Mr Keith De Lacy said, “we are delighted to add a person of the calibre of Chen Zeng to our Board. We will benefit immensely not only from his business acumen and experience but his knowledge and expertise in Asian markets.”
Besides CITIC Australia, Chen Zeng is also an executive director of the Hong Kong-listed CITIC Resources Holdings Ltd, Chairman of ASX-listed CITIC Australia Trading Ltd, and non-executive director of ASX-listed uranium company, Marathon Resources Limited.

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