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Coal demand falls

Coal & Mining
June 1, 2014June 1, 2014
Coal demand falls
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Global coal prices and demand have fallen, as coal is being replaced by other sources of energy. It is replaced by shale gas in the US and is likely to lose out to renewable energy in China. In India, the new government is keen to accelerate mining to unlock indigenous coal reserves of 200 billion metric tonnes. Another dampener for demand outlook is the possibility that Japan may consider restarting nuclear reactors that were shut down after the accident at its nuclear plant.

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