Around $15bn of Coal Mines For Sale

Mineweb reported that it may be the perfect time for investors to invest in the estimated $15 billion of coal mines up for grabs.

As quoted in the market news,

Coal has lost more than half its value in the past four years. Expanding production and an economic slowdown in China, the largest market for the fuel, created a supply glut. Now Glencore Plc, the world’s biggest shipper of power-station coal, is cutting supply, with analysts projecting price gains by next year through 2018.

Viktor Tanevski, a coal analyst at Wood Mackenzie Ltd., stated:

People are starting to feel that a bottom has been reached or is close to being reached. Most of the miners do expect a recovery in prices. For a buyer, if they have that mindset, it’s a potentially good investment proposition.

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