Linc to develop coal projects with Marubeni

Linc Energy Ltd. announced that it had “further cemented” its relationship with Marubeni Corporation that was established with the signing of a memorandum of understanding (MOU). Linc has an MOU with Vietnam National Coal and Mineral Industries Group (VINACOMIN) and Marubeni to form a joint venture company as a means to develop the Red River Delta Coal Basin (Vietnam) via the application of Linc’s Underground Coal Gasification (UCG) process, and to use that UCG gas for feeding a proposed combined-cycle gas-fired power station. Linc will be paid to construct, operate and own a UCG demonstration facility as part of the program of development in the Red River Delta, which is 30 km to 40 km from Hanoi. (August 6, 2007)