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By Richard Woodward

Presentation Outline ?What types of coal analyzers are there? ?What do they measure? ?How do they work? ?How accurate are they? ?Most common applications ?Sorting ?Blending ?Prep plant optimization ?Boiler Control

Jan 1, 2006

[Abbott, Jay Tusco, Box 1008, Price, Utah 84501 Abrahamson, Gary W Melroe Melroe Mult. Wheel, 1301 Iowa Ave., Longmont, Colo. 80501 Acre, Lee Roadside Mining Corp., 2684 Carol PI., Grand Junction, Colorado 81501 Adams, Bob Energy Fuels Corp., Box G, Steamboat Springs, Colo. 80477 Adams, David Empire Energy Corp., Box 68, Craig, Colorado 81625 Adams, Dell H Consolidation Coal Co., 924 No. Washington Rd., McMurray, Pa. 15317 Adams, Douglas K General Electric Co., P.O. Box 2331, Denver, Colo. 80201 Adams, E. E Armco Steel Corp., Box 53, Parker, Colorado 80134 Adams, Kenneth L Arch Mineral Corp., 33 Carnation, Belleville, Ill. 62221 Adams, Martin R Energy Research & Develop. Adm., 20 Massachusetts Ave. N.W., Washington, D.C. 20545 Ahlborg, William Joy Mfg. Co., 1911 Denver Club Bldg., 518 - 17th St., Denver, Colo 80202 Albert, Darrell Mine Safety Appliances Co., 400 Penn Center Blvd., Pittsburgh, Pa. 15235 Albrechtsen, Ray H Mountain States Resources Corp., 1399 So. 700 East, Suite 11, Salt Lake City, Utah 84105]

Jan 1, 1977

Jan 1, 1927

Jan 1, 1935

Jan 1, 1974

Jan 1, 2005

Jan 1, 1978

By Kraig R. Naasz

Jan 1, 2008

By Kelly A. Cosgrove

Jan 1, 2003

Jan 1, 1975

Outline ? Overview ? Existing Operations ? Mine Planning ? Future Trends ? Market Impacts ? Conclusions

Jan 1, 2006

Jan 1, 1970

Amax Coal Inc. Colowyo Coal Company Continental Conveyor & Equipment Company Crane & Hoist Sales Cummins Southwest, Inc. Energy West Mining Company Paul J. Epley The Falkirk Mining Company Fleischli Oil Company T. J. Gundlach Machine Company Halbach & Braun Hemscheidt Corporation GH Hensley Ingersoll Rand Jennmar Corporation Joy Technologies K & P Sales Engineers, Inc. Kennametal, Inc. Kerr-McGee Coal Corporation L & H Welding McLanahan Corporation National Coal Association The North American Coal Corporation Northwestern Resources Company Peabody Western Coal Company Phillips Machine Service, Inc. Pincock, Allen & Holt The Pittsburg & Midway Coal Mining Co. Ramsey Technology, Inc. Roberts & Schaefer Co. Rust Tractor Company Salt River Project Schroeder Industries Smith, Barney, Shearson Snowmass Resort Association Southern Pacific Lines Stamler Corporation TerraMatrix TIC (The Industrial Company Wyoming, Inc.) Trapper Mining Inc. Wagner Equipment Company Western Energy Company Wheeler Machinery Company

Jan 1, 1993

Cautionary Note about Forward-Looking Statements Certain statements made by us in this presentation that are not historical facts or that relate to our future plans, expectations, events or performance are forward-looking statements within the meaning of the federal securities laws. Our actual results may differ materially from those expressed in any forward-looking statements made by us. Forward-looking statements involve a number of risks and uncertainties including, but not limited to, the risks described under the heading ?Risk Factors? in the Prospectus Supplement. All forward-looking statements are qualified by these risks and uncertainties. We undertake no obligation to update the information contained in any forward-looking statements unless required by law. All statements made by us in this presentation are further qualified in all respects by the information disclosed in the Prospectus.

Jan 1, 2007

Jan 1, 2005

Jan 1, 1950

Jan 1, 1969

By J. M. Shafer

Jan 1, 2005

Jan 1, 1957

Jan 1, 1926