GLG News by Council Members Knowldgeable on Australian Coal Mining Industry

1.  Timing of CVRD announcement is rather odd with record iron ore inventories and steel prices beginning to slide in China. 2.  Longterm mismatch between iron ore supply and steel demand not readily apparent in today's market. 3.  The gap in vessel freight spread between Brazil and Australia...

Global mining companies are likely to encash this opportunity to enter into India through this indirect route easily. The coal supply may get enhanced through these mines and will ease the Indian’s demand-supply gap to some extent although in long run there will still be substantial import. Indian steel...

    Presently India produces around 430 MT of coal and imports  50 MT per year. India will need over 700 MT of coal by year 2011-12. Since the production in existing mines is not witnessing any significant growth, the delay in  execution greenfield...

Contrary to the hedge fund, Harbinger's, belief that Cleveland-Cliffs takeover bid of Alpha was to put Cleveland-Cliffs itself out of reach of potential acquirers, my first thought on this deal was: which steel company is now going to buy this newly formed company?  These are two companies that...