MCC 0.00% $16.01 macarthur coal limited

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  1. 1,081 Posts.
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    The drought really hurt MCC - they ran out of H2O and had to run a pipeline in from another property. Apart from the cost, there was also the usage charges.

    I understand that they have heaps of coal stockpiled and they are well run - I would expect a significant gain ovewr the next year (after 2003 results issued).

    Also, they are smart with their hedging - most of their volume over the next few years is hedged at low 52c.
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