There are more problems for WEC than the Tabang issue. From the...

There are more problems for WEC than the Tabang issue. From the AFR (members or take a free trial):

http://tools.afr.com/viewer.aspx?ATL://d6ea24ea-0b23-11e1-88ea-6d846017b615§ion=tools

Cost blowouts have been ongoing at the plant, due to production and engineering problems, and Brian Flannery has warned of a major downgrade @ Tabang; dust control is not in control; the plant has not reached capacity targets; Tabang has already cost $80m; WEC is facing delays at both its plants in the USA; and there have been losses for 5 years running at WEC, with the 2011 loss being $18.8m; China and India are also now demanding more "wet coal" so Bayan can just sell it as is.
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Given Bayan own 49% of Tabang, and they are having to put in at both ends, it's no wonder they have balked. WEC does have cash backing of about 51cps, however, costs seem out of control, so cash backing can change.

1-2 weeks now for some news of negotiations, and then the final decision before the end of the year. The briefing by Brian Flannery was interesting- it suggested a kind of BAU situation- as if it's all just been a bit of confusion, a bit of a misunderstanding. It does seem a bit messier, a bit more structurally problematic. Having said that, with news either way so close, WEC is not going to be 60c at the end of the year.