| 12.11.2008 - Hard times ahead for global coal trade |
| From Mineweb.com: The global credit crunch is stifling physical coal trade around the world, slicing volumes and prices, with even large utilities struggling to raise short-term finance to operate normally. The VM Group said in its latest Fortis Energy Monthly that European power utilities reported in early October that they had stopped trading coal swaps and physical cargoes with some banks..... Full Article: Source |