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Cashing in on coal

The high price of coal has led to a flurry of financing deals, notably in Indonesia. What are the risks for investors and how can they hedge at this point in the commodity cycle? By Kathleen Kearney

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Indonesia's coal resources are the latest beneficiary of the swift escalation in commodity prices in the past year. Some foreign and domestic investors that took leveraged positions early in the expansion phase of the price cycle are now cashing out and reaping large profits from these investments and in many cases planning further deals. Other parties are seeking greater exposure to the commodity

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