A 51% percent reduction in carbon emissions from victorian lignite . Export to China and Vietnam will lower carbon emissions worldwide as Coldry will replace the burning of lignite. Latrobe Valley has a world class proven resource, just need to upgrade rail and port of hastings.
Chinese are well known to have large off take agreements,combined with contributing to infrastructure to secure the deal. A 200 million tons order of BCE would get Baillieu and Gillard moving to support coldry.
Understand the impact of the 12th Five-Year Plan on China?s domestic coal industry ? is 4 billion tonnes possible by 2014? Hear from key coal buyers of both thermal and metallurgical coal, and explore the potential for long-term relationships rather than spot cargo supply ? are imports of over 200 million tonnes in 2011 realistic?
ESI Price at posting:
2.2¢ Sentiment: Buy Disclosure: Held
