Also p. 17 Fin Review today commentary on commodities "Iron ore, coal steam ahead while oil falls back"
..."Meanwhile, thermal coal producer Xstrata is said to be close to striking a deal on contract prices with its Japanese power utility customers that could lead to further upside in spot prices. Newcastle prices rose to $US81.45 a tonne last week, while at Richards Bay in South Africa, prices slipped to $US68.45 a tonne"
Could Riversdale Minng be approaching a "perfect storm" for world coal prices/coal supply?
Also p. 17 Fin Review today commentary on commodities "Iron ore,...
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