"Raw coal production from China jumped 4.4 per cent in November from a year earlier...
China's coal production volume has greatly improved and increased owing to the application of modern technology, as well as a two-year consolidation program of the country's coal sector in Shanxi province and in the Shaanxi and Inner Mongolia coal-producing regions.
China aims to merge its coal mining firms to 4,000 firms from around 11,000 under its five-year development plan. Of the total number, only eight to 10 major coal producers will give out two-thirds of all expected output by 2015."
"By 2020, the coal sector will be responsible for 27% of China’s total water consumption... The problem is that most of this additional water will be needed in the arid northern and western provinces of Xinjiang, Inner Mongolia, Shanxi and Ningxia where China’s vast coal reserves lie....
The Chinese leadership is trying not only to increase water supply, but also to curb demand through conservation and efficiency measures, and it’s committed to spending $612.23 billion on water conservation over the next 10 years ....
State-of-the-art coal plants are producing more electricity and using less water, while coal mines in Inner Mongolia and Shanxi Province are consolidating in order to use water more efficiently...
On March 14, 2011, China released its 12th Five-year Plan. “With the 12th Five-Year Plan, China is adopting its most stringent water resource policies to date” said Wang Hao, director of the Water Resources Department at the China Institute of Water Resources and Hydropower Research. The plan calls for a 30% reduction in water use for every dollar of industrial output”.
Anyway - all of the above Chinese feel good info is totally useless unless we present ESI shareholders benefit.
Chinese coal prodn jumped 4.4% in Nov....no surprise...
From Jan the Chinese govt have imposed a price limit on imports (I posted the article previously) - with the intention of incentivising local production....seems to be working already with production up 4.4% and inevitably it will grow. HUGE incentive again to Coldry their coal.
Last year they were burning coal in IM/Beijing to melt water so people could drink water in Beijing...how desperate...(I posted the article last year somewhere)
They will burn their massive brown coal reserves regardless - but if Coldry proves to have a Return On Investment of around 3 years, clean water biproduct in a drought stricken region, 45% lower emissions, coal to oil possibilities, new job creation, massively lower pollution in a local sense, govt support...who knows where the mcap will be.
The ESI risk always was imo - WHO will benefit from the initial Coldry tech (Matmor to logically follow)
If the entity ESI went bust - which was a concern last year - there is NO doubt Alcoa or others would have snapped up the Coldry IP in a blink. Shareholders would have got nothing. Was scary....not nearly so much now imo.
Given the current 0.5 build on the heads and the oppies following - I reckon (stating the obvious) there is still significant interest/confidence in the DFT being completed at these prices or above.
Do we here really know what an ARUP positively concluded study means for a microcap like ESI...with a mcap of atm $8 mill?
We are talking about ARUP (whom were behind the Opera House in 1966)...An ARUP positive tick is a major signal to instos.
We are talking about transforming (a chunk of) two of the largest industries in the world - thermal coal burning and steel making.
I reckon various investment groups understand the above.
btw....some of those articles are worth reading in their entirety.
ESI Price at posting:
0.5¢ Sentiment: Buy Disclosure: Held
(20min delay)