WHC 0.38% $7.95 whitehaven coal limited

" India’s government said last year it had plans to triple its...

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    " India’s government said last year it had plans to triple its coal production in order to be able to meet the rising energy demand of the nation.“India is on a high-orbit growth trajectory, expanding industrially and economically,” Amrit Lal Meena, a coal ministry official, told the Financial Times last November. “Coal continues to play a key role in India’s economic growth and development.”

    Obviously countries like India China et all do not have lengthy approval processes like Australia and will do whatever is needed to keep their power networks as well as steelmaking well supplied up and running. But as they say even the best war plans never survive contact with the enemy.

    Costs and reliability of all presently available power generating alternatives are prohibitive. Rumours about coal death are exaggerated at least for a decade ................ methinks.

    take care all
 
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