MetroCoal Limited (MetroCoal) is a coal-based energy company. The Company focuses on its coal projects in the Surat Basin in South East Queensland. During the fiscal year ended June 30, 2010 (fiscal 2010), the principal activities of the Company involved holding and exploring coal tenements. The Company holds a portfolio of tenements in the Surat Basin. MetroCoal holds coal exploration tenements in the Surat Basin covering approximately 4,000 square kilometers. Its Juandah Project covers an area of approximately 60 square kilometers within the Wandoan tenement, EPC 1164. In April 2010, the Company entered into a joint venture agreement (JVA) with China Coal Import & Export Company (CCIEC), a wholly owned subsidiary of China National Coal Group Corp (China Coal). Under the terms of the agreement CCIEC has acquired a 51% interest in MetroCoal�s EPC 1165 Columboola in the Surat Basin.