Other businesses

In addition to the businesses included in this report, Wesfarmers also holds major investments in the following companies.

Queensland Nitrates Pty Ltd (QNP): Through WesCEF, Wesfarmers owns a 50 per cent interest in QNP, located at Moura in central Queensland. QNP is an ammonium nitrate producer and services the mining sector in the Bowen Basin. For further information, please visit ww w.dawsonvalley. n et/QNP

Bengalla coal mine: Through our Resources division, Wesfarmers owns a 40 per cent interest in the Bengalla coal mine in the Hunter Valley in New South Wales, through a joint venture with Coal and Allied, a member of the Rio Tinto group of companies. The Bengalla mine produces steaming coal for domestic and export markets. For further information, please visit www.coalandallied. com.au

Gresham Partners Group Limited: Wesfarmers owns a 50 per cent interest in Gresham Partners Group Limited, the holding company for the Gresham Partners investment banking activities. In addition, we are a participant in the Gresham Private Equity wholesale investment funds with underlying investments in mining services, retail, logistics and other specialist sectors. For further information, please visit www.gresham.com.au

BWP Trust: Wesfarmers owns 23.3 per cent of BWP Trust, which develops and owns properties for our Bunnings business and other retail/commercial companies. For further information, please visit www.bwptrust.com.au

Wespine Industries: Wesfarmers owns 50 per cent of Wespine, which operates a plantation softwood sawmill at Dardanup in Western Australia. After a good safety performance in recent years, with no Lost Time Injuries (LTIs) recorded during the period September 2008 to September 2010, three LTIs were incurred in the year to June 2011.

Wespine purchases the majority of its raw material through its plantation log supply agreement with the Western Australian Forest Products Commission, which is in place until 2033, thus providing long-term resource security for the business. For further information, please visit www.wespine.com.au

Sotico: Wesfarmers owns and operates Sotico Pty Ltd, which in 2010/11 had a large landholding of approximately 11,800 hectares at Boddington, Western Australia, where Sotico managed 3,300 hectares of pine plantation land and leased a further 1,000 hectares for eucalypt plantations. Sotico supplied over 30,000 cubic metres of pine log products to customers, including to Wespine. Sotico maintained annual certification of its Boddington site to Australian Standards ISO 9001 and 14001 and, in February 2009, its certification was upgraded to the 9001:2008 Standard. In September 2011, the Boddington land, plantations and forest assets were sold by Wesfarmers and Sotico no longer operates the softwood logging business.

In addition, Sotico owns approximately five hectares of tourist enterprise-zoned land in the Pemberton townsite in Western Australia, following subdivision and sale of individual commercial and residential lots in recent years. During the year, Auswest, which operates a timber mill in Pemberton, was granted an approval under the Noise Regulations of the Environmental Protection Act 1986 to continue to exceed the noise levels allowed under the Regulations which in part affect this land.