jorc upgrade due - 2bt exploration target, page-27

from the article;
"In the steaming coal market about 200 gigawatts of coal-fired power capacity is under construction around the world".

That is over 500mtpa additional coal they will require from these plants in construction - then you have a heap of pwer stations in the development stage.

"The buyers, overseas coal groups mainly, are capitalising on softer coal company prices in this year's market downturn to buy mines that cannot be developed at the same price. And they are doing their takeover sums on a 20-year payback time frame".