Shayne Heffernan Coal Report (NYSE: KOL)

By International Business Times,  September 21, 2012, 04:10:07 AM EDT

Asia-Pacific mining deals so far this year total $47.6-billion (U.S.), down 23 per cent from a year earlier.

However, activity has picked up in recent weeks, led by a $960-million bid by Thai state-controlled energy company PTT to privatize coal miner Sakari Resources.

Coal, which meets more than half of Asia's fuel needs, is attracting interest in particular, investment bankers said. Asian countries, led by China and India, need supplies to meet growing power demand.

Read More on International Business Times




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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