News Focus
News Focus
icon url

Chroma-Z

07/11/11 11:48 AM

#11181 RE: seastock #11180

It is a possiblity - they could barge it down the Mississippi to New Orleans. Once again though the coal is barged to a shipping/transfer terminal where it is loaded onto a ship.

Fact remains - none of these 'minor' details have been provided and the simple fact that most foreign contracts are not directly with the mine is in question.

Why would a foreign company obtain a contract with a small unknown firm, pay a premium to do so, when all they would have to do is get in touch with a broker, tell them they need X amount of coal and it's theirs. End of story.

Now if this foreign company was going to purchase the mine (or a percentage of) then it is justifiable. I do not recall seeing this in any PR - the PRs indicated just an order for coal.