The Other Black Gold

Treadgold, Tim
March 2008
Forbes Asia;3/10/2008, Vol. 4 Issue 4, p16
The article discusses the prominence of coal as prime commodity that investors can profit from. Soaring prices, driven by Asian demand for power and aided by production shocks in coal-exporting countries, can explain the global interest to secure supplies for power generation and to make steel. Tata Steel joined the search by paying Riversdale $91 million for a minority stake in a small portion of an exploration prospect in Mozambique. Churchill Mining is in a similar position as Riversdale in that it has an asset in the ground.


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