La Nina effect not priced into thermal coal companies

Filed in BP, Capex, Gold, Gold Investing, miners, o by on February 3, 2011 0 Comments

A protracted, La Nina-related wet season cut Indonesia’s thermal coal exports (the country is the world’s largest exporter) by 15 percent in 2010 (though the overall industry’s capex was up 18% yoy, suggesting the potential for increased volume capacity) and also hurt output in other key producing regions such as Queensland, South Africa and Colombia will give miners “the upper hand

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La Nina effect not priced into thermal coal companies

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