Whilst we have pending progress from our Mono team, this article from couple weeks ago highlights the Indo market demand running forward. Quote : "China to face more competition in Indonesian coal market: ICMA
link : http://www.chinamining.org/News/2011-04-14/1302742387d44556.html
.... Export demand was seen to co-exist with domestic consumption during the current decade, although China is expected to face greater competition for Indonesian coal from buyers in other Asian nations in the next few years.
"There is no competition with domestic demand because it has been very slow in Indonesia. Competition is coming from other countries like South Korea and India," Kamandanu staid.
"We are expecting domestic consumption will pick up significantly from 2020 onwards," he told the conference. LONG-TERM CONTRACTS
India was a major purchaser of Indonesian coal last year, taking 42 million mt in 2010, while other top buyers included Japan, South Korea and Taiwan. ... "
Never a better time to start; look forward to Ethica's efforts / reports / updates soon, real soon? Best times ahead, but short termers may get impatient, as I believe we've seen by the selling patterns.
We chatted earlier about the Mono peers, but just wondering if there is some who can gleen who Indo 'peers' may be, their fields / zones / m-cap / etc.? Particularly back-ground ~ aussie? local? Interntl?
Cheers :)
CEO Price at posting:
5.2¢ Sentiment: Buy Disclosure: Held