n Inside Mining - Measured optimism for coal prices : economics, finance & risk

Volume 8, Issue 8
  • ISSN : 1999-8872


What has happened with coal over the last three years has been a disaster, especially for coal-based economies like South Africa. Since mid-2012, coal prices have been decreasing steadily, with minor periods of slight increase, followed by more decreases. The cause or beginning of the debacle was the abundance of seaborne thermal coal from the US, as a result of the American shale-gas revolution, which forced large amounts of coal earmarked for US coal-fired power stations to become surplus and, therefore, exports, at extremely low, uncompetitive prices.

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