Coal demand and production is projected to be flat for the next...

Coal demand and production is projected to be flat for the next 10 to 20 years, and then it may drop as countries look at replacing coal with more green energy. Where does that leave stranded projects like PDZ and other large Australian mines. As a country we are still one of the largest coal exporters in the world so this will have an impact on our GDP.

Price of PDZ has moved up slightly but on relatively low volume (mainly retail investors).
SP peeked back in Nov 2012 at around 79cents on the announcement of the exploration target, and Maiden Resource in Feb 2013 but it hasnt looked like going back there.

"Coal's dwindling prospects reflect several main factors: the increasing weight of other environmental regulations, including new standards limiting mercury emissions and other toxic pollutants; the availability of cheap, relatively clean natural gas; steadily increasing energy efficiency, and the surging installations of renewable energy plants, especially wind and solar."

http://insideclimatenews.org/carbon...n-power-plan?gclid=CMTzpYmQ_8UCFZd5vQodMbsAnw