New Hope prepares for the worst

Even the best of the local coal miners, New Hope, has struggled with lower prices. But, as Gaurav Sodhi explains, this is more than just a miner.

Used to fuel power generators, thermal coal was once considered a stable, even boring, commodity. Yet as Chinese coal demand surged, old ideas began to crumble. After years of steady prices around US$50 a tonne, thermal coal prices surged to US$190 in 2008.


SMS Code Sent…

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

Log in to access this content

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

Hi {{ user.FirstName }}

Verify your mobile number to unlock a FREE trial

Looks like you've already taken a free trial

Please sign up for full access

Updating information

Please wait ...

Related Articles