State of the coal mining industry

One of the biggest challenges facing the local and international thermal and coking coal markets is the uncertainty in the global economic situation which has resulted in many capital projects being shelved or postponed, says consulting engineering and project implementation firm Hatch Goba Africa’s director for coal Gerrit Lok. He went on to explain that coupled with the global economic uncertainty are supply and demand factors stemming from major economies such as the United States and China, which has had an impact on coal pricing… (more)