UK Coal reports improved output
Steel Guru.com reports that UK Coal (LON:UKC) has announced better than expected output at two of their collieries.
Steel Guru.com reports that UK Coal (LON:UKC) has announced better than expected output at two of their collieries.
Coal prices have fallen from a record high of $200 a tonne delivered into Europe last September to around $60 at present. Demand for coal in Asia is a major support factor for coal prices and China and India are expected to continue to drive demand growth in Asia. Europe is also expected to see a more balanced market from Q3 this year, analysts said.
The boss of Britain’s leading producer, UK Coal declared that growing concerns about Britain’s future energy security are putting coal back on to the centre stage. For full story, click here
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