re: more fundamentals Ah, Zen, ye of little faith! China has...

re: more fundamentals Ah, Zen, ye of little faith! China has announced that they want to close all the unsafe coal mines, in which over 20,000 people die each year............however, at the same time they have place a 2.5% tax on coal imports to reduce them. Then, iron imports are increasing at over 65 mil ton pa. Australia is the cheapest supplier, so it seems to me that coal , coal and more coal is the go. The Chinese are also keen to be involved in this years contract negotiations [ one-upmanship with the Japanese ] and BHP are keen to press home the cheap cost of shipping. l expect coking coal to at least hold its price, PCI may drop a bit, but there is plenty of thermal. l hold SRL which is ramping up thermal coal out of Indonesia at a bulk cheap cost - 30% output increase pa = easy money