CES could be poised for this ride in coal demand.(part article below) As a coal producer with only 95mil shares on offer, 60% held by top 10.........ask if this is trading way out of line. IMO I think so, a coal producer trading at 0.005 of a cent. They are also looking at taking over the contract business that excavates the mine to take advantage of the Abadi project and realise full profit. SP of 0.005cps is a bargain for anyone if they pull this takeover off,IMO This company is in production with full infrastructure in place. DYOR
Article Coal to Surpass Gas in Southeast Asia Power Boom, IEA Says
Coal will replace natural gas as the dominant fuel for producing electricity in Southeast Asia as the region almost doubles its energy consumption in the next two decades, according to the International Energy Agency.
The 10 members of ASEAN, with energy demand growing at more than twice the global average, will get 49 percent of their power from coal by 2035, up from 31 percent in 2011, the IEA said today in its Southeast Asia Energy Outlook. The share from gas will drop to 28 percent from 44 percent. “Coal is emerging as the fuel of choice because of its relative abundance and affordability in the region,” Maria Van der Hoeven, executive director for the IEA, said today in Bangkok. “As long as fuel-price differentials continue to favor coal over gas by a significant margin, Southeast Asia’s incremental power generation is set to be dominated by coal.”
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