xstrata chief sees coal rebounding, page-6

Perhaps hes waiting to see if the merger goes ahead so he doesnt contradict Glencores lack of motivation about Wondoan?

from Fin Review July

"But with thermal coal producer margins already strained and others, including Rio Tinto, curtailing operations, it appears Xstrata suitor Glencore is becoming less gung-ho about Wandoan.

Sources say Glencore boss Ivan Glasenberg hinted strongly that funds wouldn't be sanctioned in the event the Glencore-Xstrata deal is done."