| 08.12.2008 - Coal industry predicts cuts in '09 production |
| From Moscow Times: Russia, the world's third-largest thermal coal exporter, has little option but to cut production and become a reluctant global swing producer next year, said senior industry sources in Moscow and beyond. Any sizeable cut in Russian exports next year may help support coal prices despite weak demand. Coal has plunged over 50 percent to around $75 to $80 a ton delivered into Europe from a peak of nearly $200 in the summer..... Full Article: Source |