Many thanks Roidz, the problem with the PCI though is that is seems to be coming down in price faster than coking, and MCC appears to have rising costs due to overburden removal. the way l see it EXL will make up for falling prices with increasing volumes, but MCC is constrained in that dept. Do you know if EXL has enough water for their Millenium mine ? Have you had a look at the proposed Stanwell coking coal plant ? seems like a big expenditure, 1 bil, and not sure about the long term coke price. As for the construction companies, that is a good tip, but somehow most companies operating in China seem not to make money.........the beaurocracy gets them. Also China will have to slow down at some stage and all these construction projects could get caught in the middle. l think China will keep up development until the 2008 olympics and then there will be a flop. Certainly could be some good buying opportunities there, if one is patient.
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