RE: Itochu (I-Comox ) not cold feet IMO... You brought up a very good point coalbad, and I can't give a definitive response only because I haven't been able to get one myself, so I will speculate.
It's no surprise that the coal from Raven will be shipped overseas, and CEC has partnered with 2 major players in the marketing and sale of coal internationally, especially Asia, where the majority will be destined.
This is just my opinion, but in the end sometime in the future, if Raven gets the permit and eventually constructs a mine, I'm thinking that 2 to 3 years from now, Raven will be sold to just 'one' major player.
Which one will it be if we get to that stage? All speculation at present, but maybe this is why no definitive response as to your concern as of yet. Thanks for bringing it up though. It's anyone's guess. atb
LG International
LG International is a leading general trader in Korea with worldwide branches and extensive experience in coal sales and mine development.
• Holds 20% of Comox Joint Venture
• LG is Asia’s largest coal trader
ITOCHU
A major Japanese trading house with widespread experience in marketing, coal sales and the development of coal mines.
• Holds 20% of Comox Joint Venture
• 2010 annual trading of energy metals and minerals transactions accounted for US $35 billion