2005 Press Releases

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Voice assisting trades on globalCOAL

It is with pleasure that we announce not only voice assisting to facilitate the closing of trades on globalCOAL's trading platform, but also the voice assistance of trades ,off screen. This is in reaction to several customer's requests in addition to increasing the liquidity both in the coal market and on the globalCOAL platform.

Only gC's proprietary financial products and spreads with these products will be facilitated ,off screen, in this way. Physical trades will still be facilitated through the globalCOAL platform. There is no change in the way that globalCOAL's indices are calculated.

globalCOAL will continue to maintain the utmost integrity in dealing with clients and the transparency of the marketplace by publishing all trades conducted ,off screen. globalCOAL will continue to publish all trades in the daily State of the Globe report and as OTC trades via electronic messaging and on gC's website.


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PT Kaltim Prima Coal joins globalCOAL

Global Coal Limited is pleased to announce that PT Kaltim Prima Coal (KPC) will join globalCOAL?s platform as of June 2005. KPC is one of the largest producers of both bituminous and sub-bituminous steam coal in Indonesia. Also, KPC is part of PT Bumi Resources. This announcement comes after globalCOAL?s recent introduction of the Indo A/B contracts for the Indonesian steam coal marketplace.

Eoghan Cunningham, CEO of globalCOAL, stated that ?KPC?s Market Membership is a significant milestone in globalCOAL?s development of physical/risk management products for the Indonesian market. In the future, globalCOAL plans to develop a transparent, robust indices for the export grades of Indonesian coal.


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Eoghan Cunningham appointed CEO of globalCOAL

LONDON, UK, 26 May 2005

Global Coal Limited is pleased to announce the appointment of Eoghan Cunningham as the Chief Executive Officer effective the 1st of June 2005. Eoghan will be based in globalCOAL?s London headquarters and will replace Mark Walters in this executive role. He has more than 13 years of experience in international energy markets having worked in; coal, natural gas, electricity, emissions, renewable energy and refined products/crude. Eoghan joins globalCOAL from EDF Energy Plc where, as Director of Market Operations, he was responsible for all commodity trading.

Roy Poyntz, Chairman of globalCOAL said ?We are delighted with the appointment of Eoghan as CEO of globalCOAL. He brings a wealth of energy market experience and will continue with the development and expansion of globalCOAL

Eoghan Cunningham said ?I am delighted to take on the challenge of CEO at globalCOAL. I believe that globalCOAL is well positioned to be the trading portal of choice for coal producers, traders and generators. In increasingly complex and deregulated global energy markets globalCOAL can help manage physical and financial risk exposures for market players


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