abu afak
ALLAH SNACKBAR!
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Yes coal is slowly dying.
This being the favorite fuel/bellwether/In-Yo-Face of the warming skeptic Marlboro men.
It's a crappy if plentiful resource, especially in the age of lots of NG.
Collapse in Coal Prices Spurs Distress for Indonesian Miners
By Denise Wee and Fathiya Dahrul
Bloomberg - Are you a robot?
Updated on October 21, 2019, 2:14 AM EDT
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This being the favorite fuel/bellwether/In-Yo-Face of the warming skeptic Marlboro men.
It's a crappy if plentiful resource, especially in the age of lots of NG.
Collapse in Coal Prices Spurs Distress for Indonesian Miners
By Denise Wee and Fathiya Dahrul
Bloomberg - Are you a robot?
Updated on October 21, 2019, 2:14 AM EDT
Bonds sold by Indonesia coal firms trade at distressed levels
Questions about long term prospects for coal miners: Aberdeen
The global collapse in coal prices this year has dealt a particularly heavy blow to miners in Indonesia, the top exporter and one of the largest producers of the fuel.
Bonds from the country’s financially weak miners have suffered more than peers elsewhere in Asia due to a lack of diversification and state backing that many competitors enjoy. Prices of thermal coal -- the kind burned by power plants -- have slumped about 33% this year, and at least four U.S. firms have gone bankrupt.
As some lenders look to stop financing coal power plants and investors are under more pressure to “go green,” companies that mine or use coal are left with fewer funding options.......
Bonds from the country’s financially weak miners have suffered more than peers elsewhere in Asia due to a lack of diversification and state backing that many competitors enjoy. Prices of thermal coal -- the kind burned by power plants -- have slumped about 33% this year, and at least four U.S. firms have gone bankrupt.
As some lenders look to stop financing coal power plants and investors are under more pressure to “go green,” companies that mine or use coal are left with fewer funding options.......
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