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Author: LeKitKat Big gold star, 5000 posts Top Favorite Fools Feste Award Nominee! Feste Award Winner! Old School Fool Global Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 256  
Subject: Re: Q1 2012 Date: 5/14/2012 3:47 PM
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Most countries have coal deposits, however not all of them are commercially viable for extraction. The BP Statistical Review of World Energy estimated the world’s brown coal reserves at approximately 456 billion tonnes in 2010. The countries containing the largest amount of brown coal reserves include:

USA
Russian Federation
China
Germany
Australia

China is the world’s largest consumer and producer of brown coal.


The reserves are huge and the price is $10-$15 per ton.
YONG gets around $12K per ton for finished product. They won't say how much lignite is needed per ton of product. Suppose its 10 tons--that $100 The cost of lignite is inconsequential to their product. NPK is much higher -- maybe they need a potash and phosphate mine instead.It's irresponsible to invest in a surface mine for a product that costs less than dirt and is in no immediate danger of running out.

What will they do to mine it if they do not invest in infrastructure and equipment? It does not remove itself from the ground. Maybe they are planning to hire workers with shovels?
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