Coal's crippling demand roadblock

Demand growth in seaborne thermal coal has collapsed and won't recover, according to Goldman Sachs, leaving Australia's coal sector and its personalities such as Tinkler in a pickle.

Australia’s coal mining sector has been hit by an incredibly rapid turnaround in fortunes personified by the rapid rise and fall of coal cowboy Nathan Tinkler, profiled in Monday’s Four Corners.  

Within the space of little more than a year it has gone from boom to breaking point.

The reason is superbly illustrated in our chart of the week from the Goldman Sachs report, The window for thermal coal investment is closing

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