some good news at last, page-7

Thanks abalone.

Read the article, Xstrata commits to Wiggins Island with a $100m pre-commitment for early works. Wandoan getting land and environment court approval was a good development and this confirmation still shows a strategic commitment to Australia and thermal coal on Xstrata's part.

Interesting to see Stanmore shoot up but importantly they have also received a 19.9% cornerstone investment from Hong Kong interests.

Methinks that COK wont see any similar gains until the refinancing cloud is alleviated- but then again crucially having further infrastructure solutions coming on line must be helping with this task.

Unlike the drop in the price after the SK deal was announced expecting a large risk unwind and jump in price when a deal is announced. Surat also was always a free kicker with the PCI coal the main value driver.