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News & Press: Industry News

Coal Glut Foils Price Rally With Miners Tied to Exports

Thursday, April 24, 2014  
Posted by: Ben Gonzalez
Australian mining companies are prolonging a supply glut that’s driven coal prices to a four-year low because of freight contracts that make it cheaper to ship at a loss than to cut output.

http://www.bloomberg.com/news/2014-04-22/coal-glut-foils-price-rally-with-miners-tied-to-exports-energy.html

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