Energy...

Energy
http://www.vantagewire.ca/blasts/20111206tgx/3%20Dec%202011%20Week%20in%20Mining.pdf

Coal, despite what is decided at the World Climate Change Conference in South Africa, will remain the dominant energy –
producing fuel indefinitely, with China, India, EU and USA, the major consumers. But the fight to provide exports is afoot.
Indonesia (220 Mtpy), Australia (140 Mtpy) and RSA (80 Mtpy) currently dominate. Colombia has doubled to over 70 Mtpy
in 10 years, but Mozambique is about to show its hand. A conference last week agreed the country will produce100-
120 Mtpy by 2020, the majority of it high grade and bound for the export markets. More output will come from the Tete
region in the North and infrastructure is a major priority. Both roads and/or major rail links are needed to feed the Indian
Ocean ports of Beira, Maputo and the still-to-be-developed Nakala. Active are Vale (Mdotize Mine to be doubled to
22 Mtpy), Rio Tinto (Riversdale Mining c. 10 Mtpy), Beacon Hill (2.5 Mtpy) and others. Any softening in the market will
impact RSA, where qualities are generally lower.