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Some Coal News

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Vasilis
Contributor
The elephant in the room has been the proposed huge ADANI coal mine in Australia that was destined to supply immense quantities of thermal coal to India. However, recent issues:- http://www.bbc.co.uk/news/world-australia-33815059 now seem to indicate that the project is dead in the water. This is excellent news for CZA as the price of thermal coal should not fall as a consequence of the enormous new supplies plus there will remain the un-satiated demand for coal in India. Indeed, I wonder if the future price of coal already had this mine's output built into the price - and will now have to rise as a consequence.