Ann: Coal Sales to China , page-23

Thank you for the information, I was not aware of it.

If that is the case, why doesn't FMCG set up its own subsidiary here, buy the coal and transport it there? This will eliminate the margin.

Or are there regulations against it?

Sorry for all the questions, I just thought this type of arbitrage is almost eliminated in today's world. Not downramping, in fact im very interested in investing, I am just curious.

If it is true, this company will have impressive free cash flow to fund exploration and subsequent plant set-up in the future.

So far research into the company I can see they have also planned their capex spending with a chinese firm for infrastructure.