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View Diary: Selling coal to China, or strategic coal reserve? (39 comments)

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  •  There are two reasons China imports coal (1+ / 0-)
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    One is that many deposits are remotely located and difficult to extract. The other is that the quality of many deposits is inferior for gassifiation with high sulfer and low energy content.

    It's interesting to me that one of the parties involved in this scheme is Australian because they have a huge market for coal and iron ore in China and consequently a high positive balance of trade.

    Ironic that the US Congress blocked foreign acqusition of a US port facillity several years ago (I can't recall which country) on the basis of national securety but seems not to be concerned in this case, probably because of the deal structure and diplomatic relationship with Australia, perhaps this is one aspect of this you may want to research and diary.

    What about my Daughter's future?

    by koNko on Sat Jan 01, 2011 at 02:52:34 AM PST

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