Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: Condor who wrote (32639)	11/23/2004 3:25:11 PM
From: Rocket Red	Respond to of 39344

Rob TV on Coal today 10:13 AM ET Business Morning with Jim O'Connell The Return Of Coal Dan Roling, senior metals and mining analyst, Merrill Lynch robtv.com

To: Condor who wrote (32639)	11/23/2004 3:30:53 PM
From: Rocket Red	Respond to of 39344

The Globe and Mail reports in its Monday edition that analysts are expecting coal prices to soar. The Globe's Tip Sheet column reports that Canaccord Capital says contract coal prices could increase 50 per cent from a year ago to between $80 (U.S.) and $90 (U.S.) a tonne. "There is some speculation that negotiations could be over quickly as steel mills rush to lock in supply for the 2005 coal year," Canaccord said. The price of thermal coal has traded at more than $60 (U.S.) a tonne and more recently in the $50-(U.S.)-plus range; two years ago it was only $22 (U.S.).