Thermal coal may be on the nose among investors, but coking coal is still going strong — and it’s encouraging some interesting ASX activity. Coking coal prices have been on the up since mid-2016, buoyed by strong demand in Asia for steel due largely to China’s focus on infrastructure and housing. About 60 per cent of global supply comes from Australia, according to the Department of Industry, Innovation and Science. The bulk is produced by Australia’s majors — Rio Tinto (ASX:RIO), Yancoal (ASX:YAL), Whitehaven Coal (ASX:WHC) — but there are at least seven smaller companies racing to fast-forward Australian mines or exploration blocks into production. Bounty Mining (ASX:B2Y), is due to list in June with an $18 million IPO (and a project with a complicated tail of legal issues). >> Scroll down for a table of ASX-listed coking coal stocks courtesy of leading ASX data provider MakCorp Of the ASX’s 19 coking coal companies who aren’t a big coal producer, 11 are looking overseas for their competitive edge and few are doing any producing yet. TerraCom (ASX:TER) and Aspire Mining (ASX:AKM) are in Mongolia, a country with some of the world’s richest coking coal reserves but which must largely sell to its neighbour China, limiting the country’s ability to raise prices. The others are spread around the world and are entirely explorers, from Cokal’s (ASX:CKA) Indonesian licences to Tiger’s Realm Coal’s (ASX:TIG) Russian adventure. .......... I believe someone is able to figure out the complete text including the above mention list. Thanks in advance. by the way, we are the cheapest in advanced stadium.
elsolivars
NAE Price at posting:
1.0¢ Sentiment: Buy Disclosure: Held
