The Chinese co that tried to takeover South Gobi, are now...

The Chinese co that tried to takeover South Gobi, are now planning to export Mono coal through to the over-seas market!
Quote:
'Mongolian coking coal imported by the Aluminium Corporation of China (Chalco) is expected to be exported to Japan and South Korea via Qinhuangdao port in northern China, sources reported.'

http://en.sxcoal.com/165/87081/DataShow.html

Something may be on the horizon, and deals may flow real soon?
I say watch out Aus; given the industrial action in Qld, we could become an unreliable source to our longterm buyers - Japan in particular.

The news article also gives me a feel that if the Japanese or Korean funds are made available for Draig's development, we could see another (Republic Coal) deal?
Guess it would secure an alternative source of coal for these countries - much closer to home.

Awaiting Mgt up-date ... with interest.

Cheers :)