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CoAL have put one mine on care and maintenance, with others to...

  1. pitman
    1,113 Posts.
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    11/07/13
    14:41
    Post #: 11991581
    CoAL have put one mine on care and maintenance, with others to follow. Steam coal at Richards bay went out at USD 71.75 last week, so more to follow.

    very little investment in coal, which will rebound in about 3 to 5 years, the lead time to get a greenfields up and running.

    but there is demand, spoke to one guy yesterday looking for 1 million tons for India at 3 000 kcal, which makes RES raw coal look like prime product.
    RES Price at posting: 19.5¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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