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PRESIDENT'S MESSAGE_ '-'

~n,nJ/I.t:!1 /lti' //(/nl 11'01'1..' IInrl(/('(!;nlf;O/l 01' (IIII' /)('()/J!t', 11'('

om/illl/(' 'II !mild ./111' ,!II'lillilre..

Slow gro\\'th in world "Icd outplll imd lhetJvcr"upply :-I1U:lIIOn in Ihe inh.:rn:ulonal coalmarket L'onllllllC hI ovcr~haJow lhe recovery

of thl: (oal jnJu"lr). III 19R5 \lur llIajor(ll .... lOlllCl'. IIll' Jap:tIICSC 'le!.:1 industry. hadlung-lerrn \.·\lIHral.·illilll'(ll1lll1ilIlH:I1{~of some

26 millillll lorHlC~ ill exec s of il~ annualn::quircl1lcllb. Till'. n.:pn: Crlb approxilll

OPERATIONS REVIEW'-- '-"

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Our 1985 CllS! redu !),;rlnnllalh.:c.

FORDING RIVER OPERATIONS

\\'~, elll ,dl la\..c priol' ill (lur ;tdlll'Vellll'nb In

I')X." Th,,' 1lflCr:llion i~ \,dlll11 il~ W:l~ 111

hl'in~ Pill' \l(thc Ill\\'l'S! l',l:,!. l\ll\~-tenll prll-

dUI.'er~ llf:t v;lnl'l~ Ill" Cllal pn ....llld~. and we

nHI.~1 C\llllllille 111'!l"ivc fIll" f\ll1h~'l" lnlpnwl'lllclllS

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I.lIt' (II I \.7I Xl .\1 fCC [.....'f lull "lx:r;llln~ d:ty~'Ot1lp;lrl'd [l1:1Il :l\\.·r.,~c ..1:111., pHl

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EnvinHHlll:llI;tl 1.'lHllnli al'livitic~ r(Il,;IJ.\eJ on

il1lpnl\'CIlI~nr" tIl watl:r trcalmcnt f:lcilitiL'"\urh a", thc Brownie Crl..'l..'k .\cttlillg pond toa\\url..' :J1.'l'l.:ptahk waleI' quality with inne:tsl..'dmining :Jeli"ity (Ill Eagk Mountain, During,1985 th~ ll(Jw·thrtlugh rnck drain" wel'l: (on-tllHJllll\l~ monltorcd. With l!lc n~~ll1ts indiL"illingthaI thi\ Je\ign prm'c\ til hc

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