Thermal coal prices across Asia have surged to multi-year highs amid strong demand and some supply constraints, but some types of the fuel have done better than others.
“If we came from Mars and we were sent in our flying saucer to orbit the Earth to find copper, we would definitely go to Katanga in the southern part of the Democratic Republic of the Congo as the richest place on the planet for copper."
The company is planning to build a 1 million tonnes per year aluminum smelter with Huafon Group at its industrial park on the Indonesian island of Sulawesi.