Investing News: Coal Miners Under Pressure as Prices Fall and Governments Look to Alternative Energy Supplies
The future does not look good for coal miners. Increasing government regulations, environmental concerns and public opinion in favor of energy alternatives are threatening the resource’s market share, and to top that all off, coal prices have hit record lows that are set to continue into the second quarter of 2014. Specifically, according to The Province, Asian steelmakers and Australian coal miners helped set prices at their lowest level since 2007 when they agreed on a benchmark…
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