re: sabotage at newstan - roidz
Thanks Roidz, As l watch and learn, your posts are making more sense! Yes, it appears that coal production has risen much faster than predicted and unfortunately not only has this dampened the price but costs have risen dramatically also. Trend has favored the mine infrastructure suppliers, and the miners are now in a situation of having to increase output in order to keep profits up, as prices fall. l am surprised at the output increases from Xstrata, Rio etc as l thought they would seek to keep hold of the supply / demand equation similar to the Fe with BHP / CVRD /RIO. Yes, it appears that the coal flame is going out first on the commodity front. l thought with the rise in oil it would favour coal also, but seems not the case. China is putting in 6,000 km of new railways and boosting coal production to 3,000 Mt.............this will only lead to carbon taxes in future as the planet cannot handle that much carbon dioxide so coal will have to go out of favor i.e. be more penalized by taxes. Thanks for the posts and keep up the good work LZ
CEY Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
