ventilation to pike river mine fully restored, page-4

Bulk commodity (coking coal, thermal coal and iron ore) and steel and copper prices have been upgraded by Macquarie Equities.

Significantly, Macquarie has lifted copper price forecast by 14% to US$1.75/pound for 2009 and 39% for 2010. Thermal coal prices up 7% to US$70/metric ton for 2010, coking coal up 27% to US$140/metric ton for 2010.

Here's to PRC not finding any other holes to look into and running into the rebounding HCC prices once production is in full swing.