Hot coal is cold comfort

Coal output is at record levels, and prices are plunging. Head for the coal exits.

Hans Mende and Andrew Mackenzie know more about coal than most people, so when they say it’s time to sell, or stop investing, it’s the equivalent of ringing a bell on coal and calling time.

Mackenzie is the better known of the two in his position as chief executive of BHP Billiton. Mende has a much lower profile, but is more personally involved with coal investing.

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