"An independent market analysis predicts a gradual depletion of thecurrent oversupply of export thermal coal over the next 6 years which will lead to a slow increase in thermal seaborne coal prices from the low US$50/tonne to mid US$60/tonne. Thereafter, a further increase in prices, to nearly $90/tonne for exports out of Richards Bay is expected, as new projects will need to be developed to meet demand"
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- Ann: Statement of Coal Resources and Coal Reserves
Ann: Statement of Coal Resources and Coal Reserves, page-5
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