Concerns of weakening US and Chinese growth and European instability have led to a drop in coal company share prices However, coal production levels and expansion investments remain robust on the back of continued emerging market growth.
CBC Money reports Teck Cominco has secured close to $10 billion in financing needed to take over Fording Canadian Coal Trust however shares still fell. Teck shares sank $4.65, or 13.9 per cent, to $28.92 on the TSX, just shy of its 52-week low of $28. Teck shares were trading near $53 in May. Analysts said the [...]
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