Hi fellow coal miners,
Been doing lots of reading recently about both thermal and coking coal (metallurgical coal) - i know that WHC mines both types of coal; my question is does anyone know the percentage% split in WHC's operation?
My reading would indicate that metallurgical coal prices will rebound much more sharply in the near/mid term; based upon it's application in making steel (which is obviously used in construction, which based upon history is the preferred method to drag a countries economy out of recession). Ie, i'd expect to see demand for coking coal rise quite rapidly - and want to ensure WHC's well positioned for this possible scenario.
Thoughts?
Also - based upon the mediocre 'Power strategy' recently outlined by govt, I think it's very important to watch what they do; and not what they say. Coal will continue to play a big part of our future economic recovery/wellbeing (IMO).
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