BRR - Straight from the source

INTERVIEW WITH KIM ROBINSON, EXECUTIVE CHAIRMAN OF KAGARA LTD (KZL)

“Diggers and Dealers - Interviews from the Booth“

http://www.brr.com.au/event/49017

TUESDAY, AUGUST 5, 2008, 8:00 AM.

            BRR    Boardroom Radio is at Diggers and Dealers catching up with Kim Robinson of Kagara in the Lizard Lounge booth. Kim, welcome to Boardroom Radio.

            KZL      That is the Lounge Lizard Bar you are talking about, is it?

10

            BRR    It certainly is. It is the comfiest booth at Diggers. It has got a couch. It has got chocolate cigars. But no beer taps this year?

            KZL      No beer taps. It was banned for this year. I think we were competing too much with Diggers themselves. So it is chocolate cigars this year.

15

            BRR    Bootlegging only this year?

            KZL      Yes, that is right.

            BRR    So how is the conference going for you? Numbers up this year, numbers

20                    down, what do you think?

            KZL      Well, they told me the numbers are up, but I have not really noticed that at this stage.

            BRR    Could be a sign of the general sentiment of the market at the moment. It is

25                    tougher to get interest?

            KZL      You would imagine so. I mean, it has been a reasonably tough year for a lot of the resource sector, apart from iron ore, of course. I think we are going to be equating all our base metal reserves in iron ore equivalents from now on.

30        BRR    But you guys have not done so badly this year. It has been pretty strength and strength, is it not?

            KZL      No, we have got a very good year in the year just gone and we are looking at increased production for this year. So it looks all is pretty sweet for us going forward, apart from the market. The market seems to be retreating right

35                    across the sector.

            BRR    Okay. Well, thanks for your time and enjoy the conference.

            KZL      Yes, all right. Thanks very much.

INTERVIEW CONCLUDED

Contact brr@brr.com.au for more information

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