Publisher: BDSec Joint Stock Company
Had anyone predicted coal would be the best performing commodity of 2016, let alone that coking and thermal would rise 210% and 100%, respectively, they would have surely been locked up in an insane asylum. Yet that is where things stand year-to-date, with no signs of letting up in the near term. The beneficiaries are many: BHP, Rio Tinto, Glencore and Anglo American could see a collective revenue boost of $18B USD while the Australian government is forecasting an additional $23B in additional revenue for 2016 from higher commodity prices, specifically coal. And how is Mongolia fairing, which is believed to be home to 10% of the world’s total coal reserves? Not that great.