As spring fever spreads like wildflowers across the northern hemisphere, the fever down under is a different kind of affliction altogether.
Met coal mania has spread quickly from the core of demand emanating from China and India, to the most coveted supplies trapped inside of Australia's richest ores.
This strengthening, global secular bull market for coal has triggered an outbreak of consolidation and fast-tracked development initiatives that continue to drive what I consider some of the most compelling investment opportunities of the decade.
While momentum has recently returned in dramatic fashion, I see the roots of this bull market cycle in the pre-crisis run-up that saw the Market Vectors Coal ETF
Despite the depth of the ensuing correction, the long-term indicators for sustained coal demand never faltered, and even near the height of the panic I argued that Chinese demand would spark a healthy rebound. Also, India's role in fueling this demand must not be overlooked. Equipment maker Joy Global
Returning our Foolish gaze to Australia, we find ample corroboration that this bull market continues to gather steam. Peabody Energy
With Macarthur still in play, and the outcome uncertain, Peabody tossed another ball onto the court by announcing a possible deal forthcoming with Coal India. Although the company provided little detail, an Australian newspaper reports that Coal India may purchase stakes in a quartet of Peabody's Aussie mines and some additional international assets ... all for about $1 billion. Is Peabody monetizing assets to raise capital for a twice-sweetened Macarthur bid? That's hard to say, but Fools are encouraged to stay tuned for additional developments in the fast-moving world of Pan-Asian seaborne coal.
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Fool contributor Christopher Barker can be found blogging actively and acting Foolishly in the CAPS community under the user name TMFSinchiruna. He tweets. He owns shares of Peabody Energy. POSCO is a Motley Fool Income Investor recommendation. Try any of our Foolish newsletters today, free for 30 days. The Motley Fool's disclosure policy just smiles and gives you a vegemite sandwich.