Not sure where you are going with this one RBA.
China steel mills need coking coal or low sulfur coal and that is what McCarthur produce. They are also buying mines to manipulate pricing...like they have been trying to do with their Iron Ore interests.
As a note the Coldry pellets is a replacement product for Coking coal, as the Latrobe coal has a very low sulfur content and has a similar energy output.
If there is a link it could be Matmor, but I would imagine the scale up stage for Matmor is some time of.
So call me dumb, I can't see at link, not even tenuous, so whats is the story?
Not sure where you are going with this one RBA.China steel mills...
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