🕐28.03.12 - 19:54 Uhr
NOVADX ARTICLE OF INTEREST - "GLOBAL COAL SUPERCYCLE ALIVE AND WELL"
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March 28, 2012
As Novadx Ventures (TSX-V:NDX)
continues to produce and develop other projects, we thought that this article would be of interest to you.
"Global Coal Supercycle Alive and Well": Peabody Energys Chairman and CEO Presents at Howard Weil 2012 Energy Conference
ST.
LOUIS, March 26, 2012 /PRNewswire via COMTEX/ -- Peabody Energy BTU -4.29%
Chairman and Chief Executive Officer Gregory H.
Boyce today said the global supercycle for coal was "alive and well" with strong market trends related to rising electricity generation and steel demand in China and India, along with constrained global coal supplies.
Presenting at the Howard Weil 2012 Energy Conference in New Orleans, Boyce said, "Coal has been the fastest-growing major global fuel and is expected to become the worlds largest energy source.
The seaborne coal market has exceeded 1 billion tonnes for the first time, and the cost of coal is just a fraction of global oil and liquefied natural gas (LNG)."
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