Rising coal prices should affect production costs, through both electricity prices and coking coal. The industrial park seems to have defied the odds in the March quarter (maybe by procuring discounted thermal coal from one of our major shareholders?) which saw the margin increase despite rising coal prices.
However the coal price has continued to shoot the lights out during the June quarter, and imo this will have had a deleterious effect on the EBITDA margin.
This is from the last quarterly:
Rising coal prices should affect production costs, through both...
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