Australia is also the second-largest exporter of thermal coal used in power 
stations, so an Australian supply crunch

should give a boost to Indonesia, the world's largest exporter.


Shares in Vallar, Nathaniel Rothschild's mining investment vehicle, have risen 
15pc this week. The company is expected to complete a reverse takeover deal in 
April that will see two major Indonesian thermal coal groups listed in London.



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