2015-10-07
Half of Global Coal Output Is Uneconomical, Moody's Says. By Mario Parker, The Globe & Mail, 10/1/2015. At current prices, it makes more sense to leave much coal in the ground. "In North America, the credit rating company said it expects the industry’s combined earnings before interest, taxes, depreciation and amortization to decline by 10 per cent next year after a 25-per-cent plunge in 2015."
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