MiningMX
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MiningMX

Coal prices set to rise

1 min read
An Indian labourer breaks up pieces of coal at a depot in Siliguri on October 18, 2010. India has launched its largest-ever share sale, with the government looking to raise 3.5 billion dollars by offering 10 percent of state-owned giant Coal India — the world’s biggest coal miner. The offering invites foreign and retail investors […]
An Indian labourer breaks up pieces of coal at a depot in Siliguri on October 18, 2010. India has launched its largest-ever share sale, with the government looking to raise 3.5 billion dollars by offering 10 percent of state-owned giant Coal India — the world’s biggest coal miner. The offering invites foreign and retail investors […] Picture: AFP

[miningmx.com] — MINING production in coal is expected to stabilise over the next two quarters as companies seek to regain the losses incurred during the recent labour disputes, BDLive reported on Friday.

According to international credit insurer Coface, local coal demand will also be impacted by increases in the coal price as a result of increased exposure to higher-cost, short-term contracts.

BDLive quoted Coface risk analyst, George Marais, who said the surplus conditions in the market pose downside short-term risks, but the firm believes that once supply cutbacks take effect and demand begins to improve the market should become more balanced and support the coal price.