(Surely the state of
the world’s climate system should be of greater interest than the perverse
chance of profiteering, but apparently not – Robert McLean)
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| Coal - yes, it's black and bad! |
The price of coking and thermal coal has reached new
heights, prompting interest in coal developments in Australia.
Coking coal is fetching more than $300 a tonne, which has not been seen since the
Queensland floods of 2011 cut Australian production significantly.
Mike Cooper, of Platts International Coal Report, said the
price rise had been caused by a Chinese Government decision to cap production
there.
Read the ABC Rural
story - “Coking coal price reaches five-year high, spiking interest in re-opening mines.”
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