Hi Ed, AHQ cost was not the issue here its production. Forget about Russian's war and its impact on coal market. Indonesia will impose export restriction again (yearly occurrence going forward) and fresh off the press China is backing to coal power generation as well as ramping up steel production. We will make US$200 per tonnes if FOB can maintain US$300 price range and now we are at US$500-US$600.
https://www.bloomberg.com/news/articles/2022-03-08/indonesia-s-coal-miners-are-bracing-for-new-export-curbs
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