"BHP Billiton Metallurgical Coal is the largest global supplier of seaborne traded hard coking coal....Production is from our low cost asset base located in Queensland (predominantly open cut mines owned in an alliance with Mitsubishi Corporation) and New South Wales (100 per cent owned underground operations)."
The effect of flooding in Queensland is bound to impact on exports and therefor price of coking coal... Who are the beneficiaries : RIV now under takeover..and at the junior end AEA -pure coking coal play with resources in Kalimantan ...be interesting to see sp by end of January 2011!!
AEA Price at posting:
57.0¢ Sentiment: None Disclosure: Held
