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Greatest sceptics of coal surge may be miners themselves

Wariness stems from rally being driven by Chinese policies that curbed production rather than any pickup in demand
Thursday, October 13, 2016 - 05:50

Coking coal, used to make steel, has almost tripled this year while thermal, used to generate electricity, is up 56 per cent.

Hong Kong

SURGING coal prices have been a surprise blessing for mining companies this year. But few of them seem to believe it will last.

The rally has been driven by Chinese policy changes that curbed production rather than any pickup in demand. That means producers who sought to

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