The following coal ports will expand export capacities to meet higher demand for coal during 2006/07:
Gladstone RG Tanna coal terminal: Currently 40mtpa End 2006 54mtpa
Hay point coal terminal: Currently 34mtpa End 2006 44mtpa
Dalrymple bay coal terminal: Currently 56mtpa Mid 2007 68mtpa
Newcastle coal port (PWCS): Currently 89mtpa End 2007 102mtpa
CCI Holdings (CHL) gets paid per tonne for their coal sevices, and currently they have a market share of over 50%. This week they re-signed with BHP at a higher rate per tonne than they had previously. Coal fundamentals point to large growth for this company, which is also embarking on an automation project it plans to roll out before the middle of the year which will provide significant cost savings on the services they provide.
CHL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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