On the 17th December we have another decision meeting by OPEC. Even though it's known Saudi Arabia have not yet cutback their oil from the last agreement. Russia are likely to bring a lot of pressure on getting a real decision this time.
Coal prices remain linked with coal and an oil price of US Dollar 60 per barrel wold help coal prices.
Felix are now agreeing the prices for some coal from Minerva under new contracts from 1st January 09. This mine is a key for Felix Resources profits this year as shipping is about 20% up on 2008, from single ships at the RG Tanna terminal, Gladstone Port.
FLX Price at posting:
$8.14 Sentiment: ST Buy Disclosure: Held
