Coal Demand

Long time holder and been around 3 years since I have posted.

It is interesting to see where this company is going. I personally think all those who stuck it out will see huge benefits.

I work in LNG and the industry in general and I did see someone make the statement regarding coal demand.

These are but a few leading coal projects alone to take off over the next few years.

QLD
Qcoal - $1.7B - Byerwen Coal Project
http://www.qcoal.com.au/page/byerwen_coal_project.html

Adani Minin - $16.5B - Carmichael Coal and Rail Project
http://www.adanimining.com/

Bandanna Energy - $1.2B - Springsure Creek Coal Project
http://www.ausenco.com

NSW
Whitehaven Coal - $767M - Maules Creek Mine
http://prospectgroup.com.au/maulescreek/

Port Waratah Coal Services - $4.8B - Terminal 4
The plan by Port Waratah Coal Services (PWCS) to construct and operate a coal export terminal with a capacity to export up to 70 Million tonnes of coal per annum (Mtpa) on Kooragang Island in the Port of Newcastle is a step closer to realisation, but is still subject to a review by the NSW Planning and Assessment Commission.

There are plenty more relating to coal, particularly a further $1.5B in the Hay Point expansion.

So in short, from above we can see ongoing mining of coal plus further evidence of getting the coal to the wharves with greater speed and efficiency plus the wharves themselves undergoing enormous expansion to increase what are already the world's busiest coal trading ports.

Yes I think coal will continue to be in demand, it is here to stay. As much as everyone wants to spruik green energy, I mean seriously, what is the alternative to coal over the next 50 years and who is developing it?

I think all holders who held to this point should feel very positive moving forward, I surely am.

Cheers.

Daniel.