further to that note, Wuhan iron and steel's chairman was recently quoted as stating their desire to be "self sufficient in iron ore supplies in the next 3-5yrs". given that coking coal, like iron ore, is a key ingredient in the steel making process, perhaps they also want to shore up their coking coal (Zambezi) supplies? takeover play.
DYOR
rbs morgans say $18 even with discount.., page-5
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