more coal stories

hi all another snippit of info you may or may not have on thermal coal enjoy ..debit....... We note with interest the forecast upward revision in coal prices particularly thermal coal:

http://www.businessweek.com/news/2010-11-08/coal-may-rise-12-next-year-on-asian-demand-deutsche-bank-says.html



With more than 50 thermal coal powered electricity power stations under construction in the Sub Continent (India, Pakistan and Bangladesh) along with power stations going up in Vietnam, Burma and Malaysia, the expected increased demand for thermal coal during the next 5 years is now beginning to be built into spot price and coal futures contracts.



For those holding CCC, which is planning to considerably increase monthly coal production during the coming 6 months, the prospects are very good. CCC is a combination of increased coal production, combined with an aggressive drilling programme that is targeting to prove up during the coming 12-24 months several billion tons of coal reserves