You are viewing:-
you're reading...
1.Market Observations

26 Nov 2013 (TheAge) – Soft coal market forces rail rethink

(26 Nov 2013, The Age, BusinessDay, p21, Brian Robins)

‘The weak coal market has forced promoters of a multibillion-dollar rail project in Queensland to adopt a more limited plan, with common user access, to get it off the ground.’

‘The Hancock Prospecting-GVK partnership wants to link several coal projects it hopes to develop in the Galilee Basin in central Queensland to the Abbot Point coal port. But the downturn in steaming coal prices and demand has forced it to scale back  plans amid widespread caution prices and volumes might  remain subdued for some time.’


About robertbrain

Brainy's Share Market Toolbox. Read the honest truth about the sharemarket. Develop or fine tune your investing/trading strategies using share price charts (technical analysis), or learn about the investment strategies of others. Melbourne (Australia) based - supporting share market investors and traders to build wealth through smarter investing using my Share Market Toolbox arsenal of weapons to tackle the market.


No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: