rio eyes market bargains, page-7

Just thought you may be interested in this article:

An extract
Source:
http://www.platts.com/RSSFeedDetailedNews/RSSFeed/ElectricPower/8655842

"China faces coal shortages in 2012 amid strong demand: Shenhua official

Huaihua, China (Platts)--2Dec2011/641 am EST/1141 GMT

China will continue to face coal shortages in 2012, amid strong local demand and limited coal transportation capacity, said Huang Qing, board secretary of China Shenhua Energy Co Thursday.

Huang was addressing the 2012 China Galaxy Securities Investment Strategy Seminar held in Sanya City of Hainan Province on Thursday.

Coal demand looks set to grow steadily in line with China's urbanization, industrial growth and its reliance on thermal power.

China's urbanization rate grew from 19.4% in 1980 to 46.6% in 2010 and is expected to grow to about 51% by 2015, Huang said.

While a report by UOB Kay Hian, released Thursday, noted that thermal power generation for the 10 months to October rose 15.2% year on year, exceeding the 11.4% year-on-year growth in the national power output for the period."

etc etc

worth a read if a quality thermal coal deposit is found. Perhaps RIO will seel it to China :-))