24 224 4 th tth - coaltrans.com and upheavals that have been the hallmark of the international coal...

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October 17-20 2004 Palau de Congressos de Catalunya Barcelona, Spain New for Coaltrans 2004: New pricing structure including - book two delegates and get the third at half price Hotels within close proximity to the conference venue Six complimentary workshops Delegate Company Profile Directory The world's largest and longest running coal industry conference *As at July 28 2004 there are over 450 participants registered from 43 different countries CONFIRMED SPONSORS AS AT JULY 28 2004 Baltic Exchange Year Year 24 24t ...Where the coal deals are done OFFICIAL PUBLICATION OFFICIAL CARRIER SUPPORTED BY th Organised by Final brochure

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October 17-20 2004Palau de Congressos de Catalunya Barcelona, Spain

New for Coaltrans 2004: � New pricing structure including - book two delegates and get the third at half price� Hotels within close proximity to the conference venue� Six complimentary workshops� Delegate Company Profile Directory

The world's largest and longest running coal industry conference

*As at July 28 2004 there are over

450participants registered from

43different countries

CONFIRMED SPONSORS AS AT JULY 28 2004

Baltic Exchange

24th Year Year

24th Year

2424tth Year

24th Year

...Where the coal deals are done

OFFICIAL PUBLICATION OFFICIAL CARRIER SUPPORTED BY

424th Year

24th Year

Organised by

FFiinnaall bbrroocchhuurree

There has never been a more crucial time to attend theworld’s most important annual coal conference. Now in its24th year, Coaltrans 2004 will examine the extraordinarychanges and upheavals that have been the hallmark of theinternational coal markets over the past twelve months.

Today, the international coal industry is being challengedto meet growing market demands, as end-users are

exercised by increasingly unpredictable higher freightcosts, while purchase prices have more than doubledover the last year.

Coaltrans has again assembled a faculty of leading worldexperts, who will analyse and forecast major developmentsand the outlook for today’s volatile international coal sector,looking forward to 2005 and beyond.

HERE’S WHAT ATTENDEES SAID ABOUT COALTRANS 2003:“I found the messaging system andprofessionalism of the event to be topnotch”Don W Duff, Senior VP, Kinder Morgan Bulk Terminals, Inc.

“Fantastic opportunity to meet the coalpeople and gather newest informationon the market”Leopold Janssens, Secretary General, EURACOAL

“Coal knowledge at your fingertips”Hennie Brummer, Principal BusinessAnalyst, Kumba Resources

“Great content. I learned more in the lastthree days than in a month of day-to-daybusiness”Steve Doyle, Chairman, Doyle Trading Consultants

“Very good at creating an atmosphereconducive to networking, learning andgetting information”Julian Macqueen, Lloyds ShippingEconomist

2

CCooaallttrraannss 22000044 -- 11,,330000 ppaarrttiicciippaannttss…………11,,229999 bbuussiinneessss ooppppoorrttuunniittiieess

at the world’s leading annual gathering for the coal industry professionals

October 17-20 2004Palau de Congressos de Catalunya, Barcelona, Spain

� Coal producers and traders� Electrical utilities� Steel manufacturers� Cement manufacturers and coal consumers� Ship owners, ship brokers and agents� Equipment manufacturers and suppliers� Ports, terminals and inland operators� Testing companies

WHO SHOULD ATTEND?

Since the inaugural event in 1981over 25000 people have attended

the annual Coaltrans event

3

COMPLIMENTARY TOUR PROGRAMMESSunday October 17 – Morning Tour

08:30-12:30 Departs from Hotel Rey Juan Carlos I

City Tour of BarcelonaBarcelona’s "Barrio Gotico"contains the city’s historicbuildings, marking the zenith ofthe city and its medieval culture.Here you can walk through thequarter and view the outside of

the most famous buildings. Among the sites are: theoriginal fortifications, the Cathedral, where it is saidChristopher Columbus brought two Indians to bepurified upon his return from America, and theremains of the Temple of Augustus. You will have anopportunity to admire the Olympic Stadium and thefuturistic Palau Sant Jordi.

Monday October 18 – Full Day Tour

08:30-17:00 Departs from Palau de Congressos de Catalunya

Montserrat & The Art ofCava Travel to the mountain ofMontserrat, a beautiful placeused as the setting forWagner´s opera Parsifal,where legend has it that the

knight discovered the Holy Grail there. The ruggedscenery of this area includes steep jagged cliffsand unique rock formations. The main attraction isthe ancient Monastery, making this location thereligious centre of Catalonia.

Lunch will be served at a Catalonian farm.In the afternoon the tour will continue to SantSadurní d’Anoia (Southwest of Barcelona), thecapital of Cava in Catalonia. You will visit one ofits famous Cava cellars, a National HistoricalMonument, where you will observe thepreparation process of Cava.

Tuesday October 19 – Morning Tour

08:30-12:30 Departs from Palau de Congressos de Catalunya

Gaudi Works andEixample Walk down Passeig de Gracia- Barcelona’s most elegantavenue and one of the bestarchitectural walks in the city.You will have an opportunity toadmire the Casa Batlló and

Casa Milà (La Pedrera), designed by AntonioGaudí, between other significant constructions.The Sagrada Familia, or Church of Atonement ofthe Holy Family, is the great unfinishedmasterpiece designed by Antonio Gaudi, whichhas now become a symbol of Barcelona. You willalso visit Eixample, an extension of the citydesigned by engineer Ildefons Cerdà in 1860 andone of the most unusual singular urban spaces inthe world, with its apartment blocks andcommercial buildings. The neighbourhood’sfamous Golden Square was the bourgeois centreof the city at the end of the nineteenth century.

To register for these tours, please tick therelevant boxes on the registration form (page12)

BBAARRCCEELLOONNAABarcelona is one of the mostdynamic and exciting cities onthe western Mediterraneanseaboard, rightly promotingitself as a European metropolis,a link between the sub-Pyreneanpeninsula and the heartland ofWestern Europe. With its twothousand years of history, it is acity that is inconceivable untilyou get there, unbelievablewhile you walk its streets andunforgettable after you've gone.Barcelona is on the cutting edgeof fashion, architecture, food,style, music and good times.

SUNDAY OCTOBER 17 2004

COMPLIMENTARY TOUR PROGRAMME (see page 3 for details)

16:00-20:00 Registration and welcome drinks atPalau de Congressos de Catalunya

DAY ONE – MONDAY OCTOBER 18 2004

07:00 Registration and refreshmentsSponsored by

08:00 Exhibition opens

09:30 Welcome address Gerard Strahan, Managing Director, Coaltrans Conferences

09:30-11:00 - SESSION I

INTERNATIONAL COAL INDUSTRY OVERVIEW -CHALLENGES AND ISSUES IN TODAY’S MARKETS

Chair: Dr Wolfgang Ritschel, Managing Director, German CoalImporters Association and Chairman of Marketing Committee,Euracoal

09:40 KEY ISSUES FACING THE COAL INDUSTRY � A review of international developmentsRoger Wicks, Executive Vice President: Global Strategy,Marketing and Sustainable Development, Anglo Coal/Chairman, World Coal Institute

10:05 CHINA'S COAL INDUSTRY AND IT'S COAL EXPORTS� Current status and prospects for the Chinese coal industry

- Coal supply and demand in China- Strategy of China's coal development

� Review of China's coal exports in the first half of 2004- Characteristics of China's coal exports- Volume decline and export price increases- Changes in product structure- Factors affecting coal exports

� Prospects of Chinese coal in domestic and international markets for the year 2005

Guo Kemu, Vice President, China National Coal Group Corporation

10:25 STRATEGIES FOR SUPPLIERS IN A CARBONCONSTRAINED WORLD� Assessing the environment and evaluating the opportunities

and risks - from an industry and supplier perspective � Preparation for carbon constraints - knowledge and scenario

planning are key for formulating an appropriate strategy� Implementing the chosen strategy - now or risk being left behindJon Dudas, Marketing Director, BHP Billiton

10:45 Discussion. Questions and answers

11:00 Networking break. Refreshments Sponsored by

11:30-12:45 - SESSION I (continued)

INTERNATIONAL COAL INDUSTRY OVERVIEW -CHALLENGES AND ISSUES IN TODAY’S MARKETS

11:30 CHANGING COAL MARKETS – BACKDROP FOR AFORWARD-LOOKING STRATEGY� RAG Coal International’s decision for divestiture of coal

mines� New focus on coal related marketsKarl Friedrich Jakob, Executive Vice President, RAG Coal International AG

11:45 RUSSIA’S NEW COAL SUPPLY STRATEGIES� Structural changes in the Russian coal sector and

consolidation within the market � Strategy of direct supply contracts with the end-user Igor Gribanovsky, Export Director, Siberian Coal EnergyCompany (SUEK), MDM Group

12:00 A REVIEW OF INVESTMENT DYNAMICS IN THECOAL INDUSTRY � A review of the major diversified mining companies - source,

type, growth and markets. Where to from here?� Coal - a portfolio or investment decision?� Coals ain’t coals - a review of coking vs thermal coal asset

and investment performance � Which is better - or a case of the long term versus the cycle?� The up-and-comers. Emerging coal producers - which ones

to look out for and why?John MacKinnon, Director, Pan-European Mining andMetals, Deutsche Bank Equities Research

12:15 COMPETITIVE OUTLOOK AS GLOBAL TRADE OFBOTH GAS & COAL ACCELERATES� Oil's sudden surge - chance or threat to gas & coal? � The challenge of gas in meeting electricity growth - will coal

lose or gain as a result?� The new gas/coal price paradigm James Ball, President & Chief Mentor, Gas Strategies,EconoMatters

12:30 Discussion. Questions and answers

12:45 Seated Networking Lunch

14:00-15:30 - SESSION IIA NEW CHAPTER FOR THE SHIPPING MARKET?

Hosted by Simpson Spence & Young Ltd, the world’s largest private independent shipbroker

Chair: Warren Brook, Managing Director, Simpson Spence & Young Ltd

This session will examine the unprecedented movements in freight ratesover the past twelve months, which have forced a reassessment ofchartering strategies within the coal industry.

Particular attention will be paid to:

� The outlook for freight markets in 2005 and beyond� How leading ship owners, operators and charterers are responding

to and managing risk in an increasingly unpredictable freight environment

� China’s role in driving the dry-bulk sector markets

DRY BULK FREIGHT MARKET OVERVIEW John Kearsey, Director, Consultancy and Research Simpson, Spence and Young

Koert Erhardt, General Manager, Coeclerici George Wilbanks, President-Sales, Drummond Coal Sales Inc. TBN, Senior Representative, Clipper Bulk A/S

Further panellists to be announced

15:30 Networking break. RefreshmentsSponsored by

www.coaltrans.com/2004

email: [email protected]

4

FINAL CONFERENCE PROGRAMME

fax: +44 20 7779 8946

Enquiries hotline: +44 20 7779 8999

DAY TWO – TUESDAY OCTOBER 19 2004

08:00 Registration

08:30 Exhibition opens

09:15 – 11:00 - SESSION III

COKING COAL SESSION

09:15 Chairman’s opening remarks Dr Neil J Bristow, Chief Analyst, Carbon Steel Materials, BHP Billiton Marketing Asia Pte Ltd

This session examines the predicament today’s steel and coking coalindustries find themselves in. Some of the key questions beingaddressed are:

� What quantities of new coking coal capacity are expected to comeonstream over the next 2-3 years in response to sky-high prices andsupply shortages?

� What flexibility is there for the steel industry to use lower qualitycoals? In the case of ongoing chronic shortages of metallurgicalcoke, buyers are increasingly turning to the use of low-vol categorycoals, such as anthracite and semi-anthracite.

� What will be the continued effect of China’s dominant influence ontoday’s coking coal markets?

These and many other important issues will be addressed bythe highly-qualified faculty of experts, and their views will beexamined and commented upon by delegates through use ofthe Audience Response System.

09:30 OVERVIEW OF COKING COAL SUPPLY/DEMANDTRENDS AND FUTURE PROJECTIONS � Prospects for new greenfield and brownfield production� Trends in global steel production � The effect of China’s booming steel production: challenge for

global coking coal markets Paul Gray, Commodities Analyst, Goldman Sachs JBWere

09:45 AN OVERVIEW OF STEEL RAW MATERIAL SUPPLYDYNAMICS � The closure of small-scale coke ovens and consequences� Iron-makers’ moves to increase PCI rates and the use of

better PCI coalsFranz Blancquaert, General Manager – Solid Fuels andRaw Materials Department, Arcelor Purchasing

16:00-17:30 CONCURRENT WORKSHOPS

All registered delegates will be contacted nearer the time of the conference to confirm their workshop choices.

WORKSHOP I

SWAPS AS A RISK MANAGEMENT TOOL:USING SWAPS TO HEDGE YOUR PHYSICAL

BUSINESS

Workshop Chair:

Steve Doyle, President, Doyle Trading Consulting

Used properly, financial swaps are one of the most versatile riskmanagement tools available. Used improperly, they can increase,rather decrease risk.

This workshop focuses on the hedging requirements of the coalconsumer, the coal miner and physical trader. Learn how to use“paper” coal to hedge your very real coal mines, power plants andexport/import contracts.

� Why do market participants use swaps and other risk management instruments?

� The fundamentals of coal swaps� The weak links in the chain: the index and the basis risk � Identifying the major risks of using swaps � Why financial institutions want to become active swap traders� Case studies using swaps for managing risk � How and when to reverse your swap

MANAGING THE FREIGHT RISK COMPONENT� Freight derivatives: current structure and recent

developments� Integrating FFAs (Forward Freight Agreements) into chartering

strategy� How to arbitrage the market by combining coal and FFA

tradesMark Richardson, Head of Futures,Simpson Spence & Young Ltd

WORKSHOP II

TRANSPORT LOGISTICS: COMPLETE SUPPLY CHAIN MANAGEMENT

Workshop Chair: Ger Ostemeijer, Director, Logistics Division, Fuels – Europe, Petersen Logistics

16:05 RISKS AND CHOICES FOR THE END-USER IN THEINTERNATIONAL COAL SUPPLY CHAIN Jonathan Moser, Trading Manager, Cargill International

16:20 ROLE OF PORTS AND TERMINALS IN VIEW OFCHANGING GLOBAL DEMAND PATTERN � Evolution of coal throughput and port market share in ARA

range; � Access, discharge and storage space as drivers of port

competitiveness; � Hinterland connections: a level playing field?Filip Masquillier, Commercial Advisor, Antwerp Port Authority

16:35 PORT MANAGEMENT AND THE CHANGING ROLEOF TERMINALS� Creating land and infrastructure (strategic considerations

and opportunity costs) � Reserving land for terminals to expand � Client changing their stocks: port terminals instead of local

mines� Large stocks due to highly irregular arrivals and fluctuating

pricesPaul Mittertreiner, Commercial Director, Port of Rotterdam

16:50 SEABORNE LOGISTICS� Cargo handling mechanisms on board ship� Offshore trans-shipment� BargesRobin Thomas, Business Development Manager, SimpsonSpence & Young Ltd

17:05 Discussion. Questions and answers

17:30 Close of day one conference proceedings 17:40 Refreshments and networking in the exhibition area

19:00 Networking evening receptionHosted by the city of Barcelona at the Palau de Pedralbes

5

www.coaltrans.com/2004

email: [email protected]

14:30-17:30 CONCURRENT WORKSHOPS

17:30 Close of day two conference proceedings 17:40 Refreshments and networking in the exhibition area

18:30 Exhibition closes

All registered delegates will be contacted nearer the time of the conference to confirm their workshop choices.

WORKSHOP III

MANAGING CHARTERPARTY ANDFREIGHT PRICE RISKS

Workshop Chair: Peter Flint, Partner, Watson Farley Williams

Recognising and managing risks with your charterparty – are youexposed? In today’s volatile market, a clear understanding of yourcharterparty clauses is vital.

This hands-on workshop will empower you to identify pitfalls,manage risks and avoid potential liability in a coal charterparty. Youwill hear practical summaries of current challenges facing ownersand charterers, real-life solutions based on a factual case-studyand will learn about effective dispute resolution.

� Problems commonly associated with charterparties in today’s market

� Charterparty case study – an interactive session� International arbitration and other methods of dispute

resolution

MANAGING SPOT PRICING AND VOLATILITY With increasing spot pricing and volatility in the coal market, we willexamine freight volatility and how to manage this risk:� Volatility in the freight market� Impact of freight volatility on coal pricing� Practical examples� Future projectionsJohn Banaszkiewicz, Managing Director, Freight InvestorServices

Michael McClure, Vice President, Navios Corporation/Chairman, Freight Indices Futures Committee,The Baltic Exchange

15:45-16:15 Networking break and refreshments

WORKSHOP IV

MAKING BUSINESS SENSE OF EMISSIONSTRADING: IMPLICATIONS FOR THE COAL

INDUSTRY

Workshop Chair: Kim Keats, Managing Partner, ICF Consulting

COAL AS A RELIABLE AND SUSTAINABLE SOURCE OFENERGY FOR THE FUTURE OF EUROPE� Importance of coal within the European energy mix and the concept of

security of supply� Effects of the emissions trading scheme and national allocation

plans on the utilisation of coal � EC efforts within the European research programmes for CO2

capture and storagePeter Schwaiger, Head of Unit, Coal and Oil, DG TREN, European Commission

CHALLENGING THE ROLE OF COAL: CLIMATE CHANGE AND THE EU EMISSION TRADING SCHEME� Basic concepts of the EU's cap and trade emissions regime� How to optimise production when emitting CO2 implies a cost� Linkage between allowance allocation and the price of CO2� Implications for the domestic and imported steam coal useKim Keats, Managing Partner, ICF Consulting

THE GERMAN APPROACH TO REDUCING CO2� Bureaucratic procedure in 2003/2004� Implications for power production in period I� Future outlook (building new power stations?)Harmut Podschwadek, Manager, Coal Purchase, RWE Power

15:45-16:15 Networking break and refreshments

10:00 TRENDS IN BRAZILIAN COAL SUPPLY� A review of the Brazilian coking coal and coke markets� Developments and investments in new steel plant operations

in BrazilLuiz Afonso de Andrade, Solid Fuels Purchase Executive,Companhia Siderúrgica do Tubarão (CST)

10:15 Discussion. Questions and answers

11:00 Networking break. Refreshments

11:30 – 13:00 - SESSION IVSTEAM COAL FORECAST

11:30 Chairman’s opening remarks Martin Bloemendal, Director, Energy Edge

Today’s complex and unprecedented supply/demand situation will be givena thorough examination by a faculty of experts, with divergent views on thesteam coal industry.

� What is the outlook for the volatile and unprecedented steam coalmarkets?

� What will be the impact of the EU’s Emissions Trading Scheme on a coalindustry besieged by increasing burdens of environmental regulations?

� Will China remain a dominant influence on today’s steam coal markets, andwhat other factors need examining?

The views of the panellists will be openly discussed, anddelegates will be able to give their own opinions by the use ofthe Audience Response System – now an established andopen tool for gauging industry trends.

11:55 OUTLOOK FOR SEABORNE THERMAL MARKETS(2004-2007): KEY DEVELOPMENTS IN THESUPPLY/DEMAND BALANCE � Asian demand growth and the China factor� Atlantic demand prospects� Supply developments: balancing or imbalancing? Daniel Walton, Vice President, Hill & Associates

12:15 PLENARY PANEL DISCUSSION David Heap, Marketing Director, Tanito Harum Graham Parker, Fuel Trading Manager, E.onFrancisco Santoro, Director of Purchasing, CarboexPaul Vining, President, Ellett Valley CC Inc

13:00 Seated Networking Lunch

6

10:00-12:30 CONCURRENT WORKSHOPS

DAY THREE – WEDNESDAY OCTOBER 20 2004 - HOTEL REY JUAN CARLOS I

09:30 Registration and networking. Refreshments

All registered delegates will be contacted nearer the time of the conference to confirm their workshop choices.

12:30 Networking buffet lunch 13:30 Close of conference

fax: +44 20 7779 8946

Enquiries hotline: +44 20 7779 8999

WORKSHOP V

PRACTICALITIES OF USING PETCOKE INCEMENT, POWER & STEEL PLANTS AND OTHER

INDUSTRIAL APPLICATIONS

Workshop Chair:Daniel C. Massey, President, Argus Media Inc.

OVERVIEW OF THE CURRENT MARKET CONDITIONS FORPETCOKE� Petcoke markets versus coal markets� Factors driving the price for cokeDaniel C. Massey, President, Argus Media Inc.

A NEW FUTURE FOR PETCOKE� At which price level could petcoke replace metcoke under actual

market conditions?� Co-firing with petcoke – new industries are looking to have new

energy mixes as costs riseLuis Franco, Engineer, Garcia Munte

PETROLEUM COKE: WHO WANTS IT?� Who’s using it and what qualities are available, a look at the USA.� Stable component? Blend methods, exotic to basic� New users: Not all are freight logical, does it matter?� Refinery storage, is there enough, and how does it effect price?

PETROLEUM COKE IN CEMENT INDUSTRY APPLICATIONS� Why has coke usage expanded in recent years? � What are the unique concerns of coke versus coal?

11:00-11:15 Networking break and refreshments

WORKSHOP VI

HOW WATERTIGHT IS YOUR COALCONTRACT?

Dealing with the bankrupt counterparty

Workshop Instructors:

Peter Bennett, Paul Aston, Partner, Partner, Holman Fenwick Willan Holman Fenwick Willan

The coal and freight market might be unprecedented but it brings

with it typical problems; non-delivery, general non-performance, force

majeure, frustration, hardship clauses, failure to nominate and

disputes over fixtures – all typical where one party prefers to risk a

breach of contract in order to perform another, more profitable

contract.

This workshop will look at the typical problems, the issues and

practical analysis and solutions.

It will also look at dealing with the bankrupt counterparty. The current

market does not benefit everyone and this session will be looking at

the impact of an insolvent party in various types of contracts

including, contracts of sale, charterparties, swaps, futures and

derivative contracts.

11:00-11:15 Networking break and refreshments

7

Source: Barlow Jonker

Source: Barlow Jonker

Over 1200 people participate in the annual Coaltrans Conference from anaverage of 60 different countries. Does any other event give you theopportunity to reach key players from the world coal industry under one roof?

The answer to this question is NO – therefore why not consider one of the following optionsand augment your company presence in Barcelona this October?

1. Exhibiting – bringing you closer to existing andprospective clients

The Palau de Congressos de Catalunya is a state of the art congress centre and has adedicated exhibition area adjacent to the conference auditorium. The Bar, Refreshmentpoints and Internet Café will all be located in the exhibition hall which guarantees therequired through-traffic of delegates.

Take a virtual tour of the venue at www.pcongresos.com

What are the benefits of exhibiting at Coaltrans 2004?

� Be at the focal point of the event� Build brand and market awareness� Consolidate and develop your market position� Meet face-to-face with new and existing clients� Showcase your company portfolio of products and services � Optional banner for your website advertising your presence at Coaltrans 2004

Shell scheme booth prices start from as little as €2820, intrigued?

For detailed information please contact Alastair MacDonald on +44 20 7779 8917 or email [email protected]

Companies who exhibited at Coaltrans 2003Aquashipping � Coeclerici Group � Argus Media Group � Barwil Coal Services �AXSMarine � Sibuglemet Group � Freightliner Heavy Haul � Washington GroupInternational � GAC Adsteam R.U.R � AcumaConsult � Rusinkor � Clipper Group �Sea-Invest N.V. � Barlow Jonker Pty Ltd. � Donetsk STEEL - ARS � World CoalMagazine � Coaltrans Magazine � Platts � Port of Le Havre � SGS � Rotterdam �PT Adaro Indonesia � Mir Trade AG � Port of Amsterdam � N.M. Heilig B.V. � EWS �Nemag B.V. � Mechal Steel Group � Foster Yeoman � KRUTrade AG � Port of Koper �The Baltic Exchange � JSC "Raspadskaya" � Dry Cargo International

2. Sponsoring – sponsorship opportunities are networkingopportunities

Taking a sponsorship option at Coaltrans 2004 gives you a number of opportunities to

reinforce the strength of your brand and raise awareness about your company in front of a

truly international audience of decision-makers.

Enhance your market position by taking one of our three business development opportunities

Exhibition Floor Plan

coaltrans 2004

FREIGHT LIFT

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Reserved Stands Public AreasKEY Unreserved Stands

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These include:

� Contact existing and potential clients� Create greater company exposure� Generate new business� Launch a new company product or service� Recognise a company milestone or anniversary� Update and educate the industry with new company

information

What brand exposure will sponsorship give me?

� Additional exposure will be provided by theitem/service that you are sponsoring

� Web banner, 50 words and a hyperlink to yourwebsite on www.coaltrans.com

� Contact details will be displayed in the delegatehandbook and official documentation

� Logo placement on the auditorium’s main stage� Your logo will appear on all supporting promotional

materials� Coaltrans will send up to 1000 invitations to your

clients on your behalf

What sponsorship options are still available?

� Bronze, Silver and Gold Sponsorships� Internet Café� Lunches� Receptions� Refreshment breaks

To receive a detailed sponsorship package pleasecontact Alastair MacDonald on +44 20 7779 8917 or email [email protected]

3. Hospitality suites – host meetings inthe privacy of your own meeting room

For many companies attending Coaltrans, it is a time fornegotiating and drawing up contracts, as well asentertaining your industry partners. The right facility forthis type of meeting is all important as it is reflects on thequality and professionalism of your company.

You need:� A comfortable and high quality meeting room� A high level of service and catering � Proximity to the Coaltrans conference, exhibition,

mailbox system and delegates� Privacy and confidentiality

Understanding your needs, Coaltrans 2004 will have asuperior level of hospitality suite to fulfill all of the abovecriteria, allowing you to concentrate on your businesspriorities.

* Please note, there are a limited number of rooms available.

For more information and to reserve a hospitality suite,please contact Andrea Thayer on +44 20 7779 8895 oremail [email protected]

Confirmed sponsors as at July 28 2004

Baltic Exchange

For further information please visit www.coaltrans.com/2004

Hanoi, Vietnam, September 16-17 2004

Dorking, Surrey, UK, November 8-12 2004

Seoul, Korea, September 13-14 2004

Aruba, January 31 - February 1 2005

Mae Moh Mine, Lampang, Thailand, January 24-25 2005

Singapore, November 15-19 2004

*denotes five-day residential training course

*

*

9

LOCATION LOCATION LOCATION! HOTEL & VENUE LOCATION MAP

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Hotel Rey Juan Carlos I(50m) - see inset

Hilton Barcelona(2km)

Hotel InterContinental Princesa Sofia Barcelona(1km)

Hotel Melía Barcelona (2.5km)

Hotel SenatorBarcelona (1km)

CC

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Palau de Congressos de Catalunya - see inset

AvenidaDiagonal

One of the features of Coaltrans 2004 is the proximityof the hotels to the conference venue. The five hotelslisted here are between 50m and 2.5km

10

This photographhighlights the closeproximity of thePalau de Congressosde Catalunya andHotel Rey Juan Carlos I

LOCATION LOCATION LOCATION!

Hotel Rey Juan Carlos I***** (50m)The Rey Juan Carlos I is a member of "TheLeading Hotels of the World". This modernatrium hotel is part of the Royal Complex whichboasts beautiful private gardens with lakes,peaceful walks and The Royal Fitness Centrewith indoor and outdoor swimming pools. Thehotel has 5 restaurants and 2 bars.

Single DoubleStandard €230.00 €265.00Rack Rate €280.00 €350.00

Hotel InterContinental Princesa SofiaBarcelona***** (1km)The InterContinental Princesa Sofía Barcelonais conveniently located on the exclusive AvenidaDiagonal, 1km from the venue, right in the heartof the business district, and surrounded by thebest shops and entertainment. The fitnesscentre also offers hydrotherapy treatments, abeauty salon and revitalising programs,

complete with a partial indoor and outdoor swimming pool. TheContraste Restaurant provides local and international cuisine.

Single DoubleStandard €230.00 €256.00Rack Rate €360.00 €390.00Business €260.00 €286.00Rack Rate €400.00 €430.00

Hilton Barcelona***** (2km)The hotel is situated in the commercial andbusiness centre of the city, with very easyaccess to the historical city centre. Next tothe hotel you can find two main shoppingareas, restaurants, bars, discos and nightclubs. It is only a 10 minute drive fromBarcelona International Airport and 5 minutesfrom the railway station, Barcelona Sants.

The hotel has 4 bars/restaurants and a fitness room.* Complimentary bus shuttle provided to the venue.

Single DoubleStandard €220.00 €250.00Rack Rate €320.00 €350.00

Hotel Melía Barcelona***** (2.5km)On the Avenida Sarriá, beside the AvenidaDiagonal and situated in the most modern areaof Barcelona, next to the new shopping centreand just 20 minutes from the airport, withexcellent access to the entrance and exitmotorways. Facilities include 2 restaurants, pianobar and fitness centre with sauna and massage.

* Complimentary bus shuttle provided to the venue.

Single DoubleStandard €180.00 €200.00Rack Rate €249.00 €281.00

Hotel Senator Barcelona **** (1km)Located in the centre of Barcelona near the NouCamp football stadium, the hotel is an oasis ofrest and relaxation with the Health and BeautyCentre Acquaplaya. The bedrooms are equippedto the last detail: reclining chair, reclinable beds,television with 37 channels, hi-fi with cd player,wardrobe with iron, coffee maker and free minibar (non-alcoholic drinks). Facilities include the

restaurant: buffet with live cooking and "a la carte".

Single DoubleStandard €150.00 €180.00

There are excellent transport links between all the hotels and the conference venue, which will enable you to reach the Palau deCongressos de Catalunya by bus, metro, new tram or taxi within 5-10 minutes. The approximate time of transfer from BarcelonaInternational Airport to these hotels is within 20 minutes at an estimated cost of €20.

Located in the financial and business nerve centre in north-west Barcelona, the Avenida Diagonal, Palau de Congressos de Catalunyacomprises of a large number of conference rooms, meeting areas, hospitality suites and business facilities - ideal for Coaltrans 2004

HOTEL INFORMATION

Payment of deposit: A guarantee via credit card, or a deposit of €230 per room payable bycheque (drawn on a UK bank) or bank transfer. No rooms can be confirmed until your creditcard guarantee or hotel deposit has been received, after which a voucher will be forwarded toyou. Your credit card will guarantee your room reservation; if instead a deposit is paid, this willbe deducted from your hotel bill upon presentation of the voucher at the hotel reception desk.

Cancellation: Hotel deposits will be refunded in full, providing notification of cancellation isreceived one calendar month prior to the conference i.e. September 17 2004. After this date,refunds minus 10% administration costs, will be issued after the conference, only if your room isre-sold. In the event of a no-show, you will lose your deposit.

All rates exclude VAT at 7% All rates are room only (distance to venue)

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Limited availability remaining

Discounted Flights

Iberia Airlines are the "Official Carrier" for Coaltrans 2004.

As a participant of Coaltrans 2004 you will benefit from reduced fares to andfrom Barcelona. To receive the discounted rates you must quote the followingreference: OSI IB BT4IB21MPE0319.

FOR AVAILABILITY AND FLIGHT INFORMATION CONTACT YOUR LOCALIBERIA OFFICEIf calling from within the UK please call Iberia airlines on 0845 850 9000. Fromall other countries please visit www.iberia.com to locate your Iberia office.

Alternatively contact Coaltrans Conferences on +44 20 7779 8945 and we willforward you a list of international Iberia office telephone numbers.

COALTRANS 2004 REGISTRATION FORM - October 17-20 2004 please quote this reference when booking your place

Post: Coaltrans Conferences Ltd Nestor House, Playhouse Yard

London EC4V 5EX, UK

Four other ways to register

Fax:+44 20 7779 8946

Telephone: +44 20 7779 8945

(quoting brochure ref:)

Email: [email protected]

(quoting brochure ref:)

The easiest way toregister is online at:

www.coaltrans.com/2004

Payment may be made in one of three ways - please tick appropriate box �

�� 1. Please debit my CREDIT CARD No. �� delegate fee �� Hotel reservation

�� �� �� �� �� �� �� �� �� �� �� �� �� �� �� ��Visa/Master/Euro �� Amex �� (no other cards accepted)

Expiry date................................................................................................................

Date................................................Signed ...........................................................................................

�� 2. Payment by BANK TRANSFER should be made through Lloyds TSB Bank plc, PO Box72, Bailey Drive, Gillingham Business Park, GILLINGHAM, Kent ME8 0LS, UK, € account number 86139233, sort code: 30-12-18, Swift code: LOYDGB2LCTY(all charges to be paid by sender).

�� 3. CHEQUES should be drawn on a UK Bank and made payable toCoaltrans Conferences Ltd. A receipted invoice will be sent to all delegates.

Please complete and return this form together with a copy of your credit card number,bank transfer or cheque, payable in € to Coaltrans Conferences Ltd, and send by post orfax to: Coaltrans Conferences Ltd Nestor House, Playhouse Yard, London EC4V 5EX, UK. Tel: +44 20 7779 8945, Fax: +44 20 7779 8946 Email: [email protected] www.coaltrans.com/2004Data protectionThe information that you provide will be safeguarded by Coaltrans Conferences Ltd, a division of Euromoney Institutional Investor PLC group,whose subsidiaries may use it to keep you informed of relevant products and services. We occasionally allow reputable companies outside theEuromoney Institutional Investor PLC group to contact you with details of products that may be of interest to you. As an international group, wemay transfer your data on a global basis for the purposes indicated above. If you object to contact by telephone �� fax �� or email �� please tick therelevant box. If you do not want us to share your information with other reputable companies, please tick this box ��

�� Please tick if you do not wish to receive promotions from other companies.

CONFERENCE DELEGATE REGISTRATION

PAYMENT DETAILS

Standard delegate fee €1,595 + *VAT = €1850.20

Fee includes: 1.Attendance at all conference sessions 2. Full conferencedocumentation, which includes copies of all speaker's papers (electronic versions will beavailable to download from our website - post-conference) 3. All lunches, receptions andspouse programmes 4. Free entry to exhibition

* Register 8 or more delegates and you will be entitled to a free hospitatlity suite for 4hours. This offer is strictly on a first come first served basis and is subject to availability.

Brochure ref:WEB

Delegates Standard Price Discount

€1595 + VAT = €1850.20

€1595 + VAT = €1850.20

€797.50 + VAT = €925.10

€1595 + VAT = €1850.20

€797.50 + VAT = €925.10

€1276 + VAT = €1480.16

€1276 + VAT = €1480.16

€1276 + VAT = €1480.16

€1276 + VAT = €1480.16

€1196.25 + VAT = €1387.65

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-

50%

-

50%

20%

20%

20% + Free hospitality suite*

20% + Free hospitality suite*

25% + Free hospitality suite*

I wish to receive more information on: Sponsorship Opportunities (see ps.8-9) �� Exhibition stands (see p.8) ��Other Coaltrans events �� (see p.9)

I wish to register for complimentary tour on: Sunday 17 October �� Monday 18 October �� Tuesday 19 October �� (see p.3)

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Cancellations All cancellations must be received in writing before September 17 2004 for afull refund, less a 10% administration charge. We cannot accept verbal cancellations.Cancellations received after September 17 2004 are liable for the full conference fee.However, substitutions can be sent to attend in your place at no extra charge. If owing to aforce majeure, Coaltrans is obliged to postpone or cancel the event, Coaltrans will not beliable for any travel or accommodation expenses incurred by delegates or their organisations.

*VAT: Is charged at 16% for all non-Spanish companies. In most cases VAT can be reclaimed fromthe Spanish VAT authorities. Coaltrans can forward the appropriate reclaim form upon request.

Coaltrans Conferences is pleased to offer special discounted rates to all registereddelegates attending Coaltrans 2004 conference. These preferential rates areavailable to registered delegates only.

Room ratesSingle Double

Rey Juan Carlos I ***** €230 €265*InterContinental Princess Sophia ***** €230 €256 Hilton Barcelona ***** €220 €250Melia Barcelona ***** €180 €200Playor Senator **** €150 €180

All rates are room only and exclude 7% VAT.

The best method of securing your hotel room is by credit card, which acts as aguarantee of your reservation and will only be debited in the case of a no-show.However, other methods of payment are listed below.

Single �� Double �� Delegate 1 ..........................................................................

Date of arrival ...................................Date of departure .............................................

Preferred hotel ............................................................................................................

Single �� Double �� Delegate 2 ..........................................................................

Date of arrival ...................................Date of departure .............................................

Preferred hotel ............................................................................................................

Single �� Double �� Delegate 3 ..........................................................................

Date of arrival ...................................Date of departure .............................................

Preferred hotel ............................................................................................................

Single �� Double �� Delegate 4 ..........................................................................

Preferred hotel ............................................................................................................

Date of arrival ...................................Date of departure .............................................* Club and business rooms available on request.

HOTEL INFORMATION

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�� 2

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To ensure that your registration is processed as efficiently aspossible please provide us with your individual email address

Company/Organisation ................................................................................

Address ...............................................................................................................................................................................................................................................................................................................................................................................................................................................................................Description of Company/Organisation as per page 2 (15-20 words max)(EXAMPLE: Power GenCo operates three 200MW power plants in theUK and consumes 4MT of coal. (15 words)............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

This will be included in the Delegate Company Profile Directory, so as toimprove communication between participants.

Delegate 1: ��Full name ......................................................................................................Position...........................................................................................................Email ..............................................................................................................Tel.............................................................Fax................................................Delegate 2: ��Full name ......................................................................................................Position...........................................................................................................Email ..............................................................................................................Tel.............................................................Fax................................................Delegate 3: ��Full name ......................................................................................................Position...........................................................................................................Email ..............................................................................................................Tel.............................................................Fax................................................Delegate 4: ��Full name ......................................................................................................Position...........................................................................................................Email ..............................................................................................................Tel.............................................................Fax................................................

if you wish to register more than 4 delegates please photocopy this formor register online at www.coaltrans.com/2004