power stations in India are running so low on coal supplies that they have started to enter the coal spot market for urgent supplies of south african coal or risk shutting down their power plants. This could be just the start of a major re rate of coal prices.
Riversdale is also not exposed to the bottle neck problems of local producers. That $100m Tata steel deal might just be the start here. Riversdale is now a major target for companies that either mine or use coking coal imo. This is going to be one of the worlds largest coking coal mines. FMG eat your heart out as riversdale will climb past you in reserves in the next 2 years imo. dyor.
power stations in India are running so low on coal supplies that...
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