More than 8,000 jobs have been stripped from Australia’s coal sector in the past 6 months and heading into 2013 the industry continues to feel the pressure. Australian coal companies are struggling to compete on the global stage, facing increasing competition from the United States, a drop in coal prices, a high Aussie dollar and rising operation costs.
However, some are hoping that India’s crippling energy problems and hunger for coal will bring Australia’s coal industry out of these dark days………………………………………..Full Article: Source