02.04.2013 - Are coal producers doing an OPEC?
The coal exporters Australia, South Africa, Indonesia and Mosambique have come out with regulations in the past few months that make the price of the fuel coming from these nations at similar levels. On one side, the mineral-rich countries are becoming more conservative of taking away revenues generated from their land overseas. Other, they are making sure they sell at premium, even though prices have seen a downward rally recently. This make the buyers such as India wonder are the coal producers also forming an OPEC-like cartel...............................................Full Article: Source
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