smells like a drill rig , page-4

Hey,

I got a article stating around 1 billion tonnes of Thermal and coking Coal(Probably for all the mines in total).

http://economictimes.indiatimes.com/News/News_By_Industry/Indl_Goods__Svs/Steel/Bhushan_Steel_to_sign_third_mining_pact_with_Bowen_/rssarticleshow/2846096.cms

Thermal Coke Prices: $135 a tonn

http://www.globalcoal.com/news/coalnews.cfm

Coke Prices: $300 tonn

http://news.smh.com.au/bhp-and-arcelormittal-reach-coke-deal/20080409-24q4.html

I think its going to be huge, very huge. Also Bhushan has started setting up new coal oven Project and new Power plant project. So its building infrastructure to use all the coal from mine both thermal and coking coal.


The above comment is for information purpose only. Please consult your Financial Advisor or Broker before making any investment