RIV riversdale mining limited

http://www.forbes.com/reuters/feeds/reuters/2008/01/29/2008-01-29...

  1. 7,973 Posts.
    http://www.forbes.com/reuters/feeds/reuters/2008/01/29/2008-01-29T054749Z_01_SYD146245_RTRIDST_0_GLOBALCOAL-UPDATE-2.html

    TIGHTEST MARKET

    Traders said China's temporary export halt had sent some Japanese and South Korean utilities scrambling for more coal to make up for the supply shortage.

    But industry sources said it was unlikely that Indonesia or Australia, the world's top two coal suppliers, could fill the gap.

    "There is no shortage of buyers but the only problem is finding the supply. This is really the tightest market I've ever seen," said a Sydney-based coal trader.

    Everything is falling into place for RIV.
 
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Currently unlisted public company.

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