Focused and sharp strategy to supply local market versus get...

Focused and sharp strategy to supply local market versus get caught up in the seaborne thermal coal market which is looking increasing ugly long term.

"This acquisition and new supply contract further underpin the growth of our domestic sales. Coal demand in the Canterbury area is set to grow to over 150,000 tonnes per annum in the short term. The proximity of the mine to these markets gives us a distinct freight advantage over our competitors to target this growth potential."

The apparent low price paid no doubt is a reflection of current margin.....so they'll still need to execute well.