1/3 of Wesfarmers revenue is in energy division and the expected 20-25% price hike in coal prices will add strongly to their bottom line due to their well managed hedging policy...
US COAL production is expected to reach 1.11 billion tons in 2004, the second highest total on record, while consumption will hit an all-time high of 1.16 billion tons, according to National Mining Association's new coal forecast.
coal consumption out strips supply
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