reasons to be cheerful, page-6

mihal notes: "However, Coal Ministry officials said that a second attempt would be made to restart GCV-based pricing shortly. During financial year ended March 2012, CIL’s production of raw coal remained almost stagnant at 435.84-million, or 4.52-million tons higher than the corresponding previous period, or a mere 1% growth."

If CCC exports 1million tons to India next financial year it is a pittance for CIL. even 2million tons is small change and India likes doing business with RSA. SP getting smashed but on the ground things going pretty well for CCC. Sentiment needs to change though b4 holders can expect a significant improvement.