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To: Return to Sender who wrote (1737)	3/30/2013 9:27:10 PM
From: robert b furman	Read Replies (1) \| Respond to of 8239

There have been fundamental problems with some new mines coming on stream. Strikes in S. Africa, delays and poor yields in new Chilean copper mines. Not to mention China the largest user of natural resources has slowed down and supposedly is on the rebound - but none the less, slower than in the past. Add to that,they just paid billions for Bucyrus - a maker of under ground coal mining gear and Obam and his EPA have just about shut coal power plants down with emmission standards. Then Fracking cuts the price of natural gas in half as it is the cleaner energy. One gets a view that the USA may well not be the market it once was for coal mines. The rest of the world is not booming from fracking investment in oil and cheap nat gas energy. Really some very strong FA that is quite a recent change. Many big funds quietly exiting is my bet. Bob