Encouraging?, page-13

This from markets and money daily bulletin re thermal coal:

Here’s what our in-house resource expert, Jason Stevenson, told me this morning:

‘I’m definitely bullish on thermal coal from a medium to long term outlook. It remains the cheapest, readily available energy source. Nations aren’t going to stop using coal tomorrow, despite the environmental activists and the move towards cleaner energy.

‘50% of China’s energy needs come from coal. That’s not going to change anytime soon, even with its focus on nuclear and greener alternatives. The question is whether thermal coal is a good short term investment. As the majority aren't that interested in the sector, I’ve started to look at it more closely as an opportunity.’