Coal Mining's Financial Failures: Two Thirds of World's Production Now Unprofitable

DeSmogBlog
By Sharon KellyDec 21, 2015, 6:58 am135 pts
Sixty-five percent of the world's coal production is unprofitable at today's prices, a new research report by Wood Mackenzie, a commercial intelligence company often cited by investment analysts and the coal industry itself, concluded. Both major types of coal — the coking coal used for making steel and the…

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