l read recently that the steel corps are slowly moving away from coking coal towards electric arc furnaces for steel production. Have you heard anything ? In any case the coking price is forecast to move back to US$80 long term average - how will Tahmoor profits go with that sort of price ? Also your comments on the Chinese recognizing the pollution effects of coal and wanting to clean up their act. Problem is that with the extra mine supply coming on stream over the next 5 years they will look to export if not used domestically. Here is quote: "China had much room to increase energy savings and reduce consumption of materials, he said.
The Government is encouraging the use of cleaner-burning fuels such as natural gas as an alternative to coal and wants to close plants that waste energy and cause pollution.
It is also seeking to reduce the nation's reliance on oil imports by promoting power sources such as nuclear, solar and hydropower.
Link to full article: http://www.theage.com.au/news/business/pollution-energy-the-new-targets/2006/03/05/1141493546813.html
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