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Expectations for June Quarter, page-5

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    Why do we assume for the South African operation that EBITA is neglible when coal prices drop further?
    I.was of the understanding that it's a fixed margin contract, like say 10-20% on cost. Hence when coal prices were sky rocketing we didn't get the full benefit but when it's falling we still make the same profit on cost.
    Can someone clarify?
 
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