Coal and allied, a large NSW thermal coal producer, made this comment when discussing their results:
"New investments in rail and port infrastructure, announced in 2005, are expected to provide increasing capacity from mid-2006"
the same scenario is occurring in QLD with Hay point coal terminal expanding capacity by 6MTpa by the middle of this year and Dalrymple bay coal terminal expanding by 13MTpa by the middle of 2007, and Gladstone coal port expanding by 14MT by the end of this year. These are unprecedented levels of volume growth for coal exports.
CHL gets paid for it's export coal certification services on a per tonne basis and will benefit strongly from booming coal volumes due to kick in over coming months. Already the company has most of the domestic market cornered and has contracts with both BHP and RIO which will be responsible for most of the growth to come. Additionally the company is gaining market share rapidly in Indonesia and Ukraine where their growth is even stronger than in Australia.
CHL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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