As we hit the w/end, bit of light reading never goes...

As we hit the w/end, bit of light reading never goes astray!

Quick glean of news this week, gives further light on the CEO Directors choice to head in the Mono and Indo coal 'direction'.

http://www.resourceinvestor.com/News/2011/5/Pages/Coal-Use-Shines-Light-on-Growth.aspx?channel=15

We'll see more of this :
'International coal prices hit $124 per ton this week, the highest levels in five months, as strong demand from reconstruction projects in Japan and reduced supply from flood-ravaged Australia has made coal supply tight. ...', noting the Japanese demand, imo, will be cranking up dramatically.
And :
'... There are two types of coal. Thermal coal is burned in furnaces to create electricity and metallurgical coal, also called coking coal, is used to create concrete and steel. China's coal reserves are light on the latter, which has required China to rely on countries such as Australia, Indonesia and Russia for supply.

These imports are playing a vital role in China's infrastructure boom. The US Energy Information Administration (EIA) estimates that Australia's total exports to Asia, which also includes Japan and India, will increase 64% to 394 million tons by 2035. This accounts for 94% of Australia's total exports.

Coal exports from Indonesia, Asia's second-largest source of coal, are expected to rise 26% over the same time period, according to the EIA. In 2009, China signed a 25-year, $6 billion loan-for-coal agreement with Russia that will supply the country with 15-20 million tons of coal.
.."

Prob more of what we've been accustomed to find out / know, but hey, while we wait for the up-date(S), may as well confirm this hot commodity!
Happy to be on the CEO ship.
Certainly in a long-term demand market-place.

Cheers :)