From the report produced by Bell Potter
"Constrained supply to support met coal prices We expect the strength in metallurgical coal prices to continue into the medium term, supported by constrained output from major supply regions and stable global demand. Permitting and financing potential metallurgical coal projects remains a high barrier to any significant new seaborne supply, increasing the value of installed capacity."
There appears to be no mention of the Hedging.
up coming 1/4 report, page-31
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