The Wambo mine owned by EXL is going to grow it's coal output by 1MT this year and a further 1MT next year.
Today RIO announced it has won a contract to supply 8MT of coal to mexico over 16 months worth about 700M.
MCC are looking to double their coal production over the next few years.
BHP have committed to expanding their coking coal output to 100MT by 2010, this represents almost doubling their output over the next five years.
new mines at hail creek, Dendrobium, and Broadmeadows as well as numerous other coal mines expanding production is seeing the strong demand for coal leading to higher export volumes.
Dalrymple bay, Newcastle, Hay point, and Gladstone coal ports are all collectively spending billions of dollars to upgrade export capacity.
CHL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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