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To: Proud Deplorable who wrote (123667)7/16/2008 6:46:09 PM
From: AuBug  Read Replies (2) | Respond to of 312675
 
Reminds me Diamond Fields and all the also-rans that staked every where and found nothing. Also NWT diamonds was similar in that the first couple in ended up with diamond mines and all others left out in the cold. I'm betting it's the same with the Durango Coal Seam where GXS.v gets all the glory and everybody else stakes around them. Coal fields can be very large so some neighbors probably have coal too but are playing catch up. I agree this is a monster.



To: Proud Deplorable who wrote (123667)7/16/2008 6:56:55 PM
From: Rocket Red  Read Replies (1) | Respond to of 312675
 
China On Brink Of Electricity Shortfall - FT

18:53 EDT Wednesday, July 16, 2008

TOKYO -(Dow Jones)- China faces its worst power shortage in at least four years as soaring coal prices and government-set electricity tariffs force dozens of small power plants to shut down rather than face mounting losses, the Financial Times reported Thursday.

Nearly half of China's provinces have started to ration electricity as the country enters the peak summer season, facing what analysts describe as its worst coal shortage, the paper said.

Analysts warn this year's electricity shortfall could be more severe than in 2004, when the country was affected by its worst power shortage ion decades because of soaring demand for power as the economy boomed.

Coal prices in China have double since the start of the year. Beijing last month imposed price controls on thermal coal bought directly from mines but spot market prices continued to rise.

About 38% of China's coal supply last year came from small-scale operations. Many of these have since been closed by the government in an attempt to improve safety conditions in the sector, the FT said.

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07-16-08 1852ET
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