'If mnm have their own 1-2 billion ton of coal, why would they want the Calleja coal?'
simple - dollars mate. lots of 'em.
MNM will be able to sell as much BM coal as it can process over the next 50 years. have a look at the pics on the MNM ann of 11/1/11 - Maddingley is a great big brown coal mountain waiting to be scooped up, processed using the exergen technology and shipped to the hungry power plants owned by Tata Power (a division of one of Exergens owners, Tata Group - the mob with 395 000 employees in 85 Countries, and revenues of $US67 billion in 09/10) and Itochu's Japanese customers. Itochu are a much smaller concern, with only $US 34 billion in revenue 09/10.
MNM want every piece of brown coal in Bacchus Marsh, and they way they are going they will take plenty of stopping from getting it.
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