Markets: Coal's darkening days

A brake on new coal-fired developments along with a slowing Chinese economy and the rise of gas is set to pinch miners further.

In a move to combat global warming, governments of the world’s richest nations are cutting support for new coal-burning power plants in developing countries.

Over the past two months the US government, World Bank and European Investment Bank have all dropped support for coal projects. The long-term effect from this is going to be reflected in the ongoing coal price.

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