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Numis upbeat on coal majors

COAL majors Xstrata, Rio Tinto and BHP Billiton will all benefit over the longer term from China’s economic boom as surging demand for electricity increases the country’s reliance on imported coal, according to London-based stockbroker Numis Securities.

Angie Tomlinson
Numis upbeat on coal majors

Numis analysts said growing demand in China would stimulate further long-term coal expansions. In the past two years, China has added 90GW of electricity generation capacity, which is estimated to require...

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