Coal: A dark future ahead?

Falling coal prices often indicate a good time to buy coal miners. Gaurav Sodhi, via Mongolia and America, explains why this ageing industry is one to avoid.

Walk out the front door in Ulaanbaatar and plumes of smoky grit compete with air for lung space. Welcome to the frontier of the mining boom.

Founded by a community of nomadic Buddhist monks, the Mongolian capital has morphed into an inner Asian boomtown. Irish pubs, French cafes and, to the astonishment of the monks that remain, short shirts, have invaded the city.

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles