An annual supply contract beginning today between Xstrata (XSRAY.PK +1.3%) and Japan's Chugoku...


An annual supply contract beginning today between Xstrata (XSRAY.PK +1.3%) and Japan's Chugoku Electric prices thermal coal at $130/ton, up more than 30% from last year, and a new record. Often overlooked, thermal coal rivals oil and natural gas in global importance. Thermal coal producers.

Comments (2)
  • Stone Fox Capital
    , contributor
    Comments (9700) | Send Message
     
    wow... ANR/MEE combination just keeps looking better. Might be a met coal powerhouse, but the thermal business will be very attractive as well.
    1 Apr 2011, 12:04 PM Reply Like
  • where's mick flaherty ?
    , contributor
    Comments (85) | Send Message
     
    What is there not to like about the entire Coal complex ?

     

    We find the source of the:

     

    cleanest burning.
    the best proven reserves.
    the most effective in extraction.
    the best to melt iron ore etc.

     

    And after that exercise we buy BTU !!!!!!!!
    And some MEE and PCX and..........

     

    Goldman Slacks must have shorted BTU
    to downgrade.Too bad their action (GS)
    did not really effect the BTU price making
    BTU a "steal".......
    3 Apr 2011, 08:29 PM Reply Like
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