A couple months ago I said:
I would not be surprised to wake up one day to find that China Investment Corp. had made a bid for BTU.Today Reuters reports:
U.S. coal miner Peabody now shipping to China
Peabody Energy Corp (BTU.N: Quote, Profile, Research) is now shipping coal to China, where much of the world's demand growth is expected to occur, an executive of the U.S. coal producer said on Monday.
"We hope to become a major supplier to cover China's energy needs from Australia, Indonesia, and in the long term, Mongolia," Tayeb Tahir, president of Peabody China, told an industry conference in Beijing....
Here's a factoid for you:
...China alone added an estimated 96,000 megawatts of new coal-fueled power generation in 2007, representing more than 300 million tons of annual coal use, Peabody said in January....MOREFinally, a three month comparison of the PowerShares Wilderhill Clean Energy ETF vs. BTU, from Yahoo Finance:
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