"The price of coking coal, used to make steel, has more than doubled this year, touching $US200 a tonne on Friday, amid reports that South32, the spin-off from BHP Billiton, was forced to declare force majeure over supply difficulties at one of its mines in the Illawarra, coupled with supply disruptions at some Queensland mines."
CKA with its previous takeover bid of 16c when coal was <$100/t is a sitting duck now for a bid at only 5c with coal at $200/t
