Major Miners to Limit Exposure to Thermal Coal

Reuters reported that major coal companies are moving towards limiting their exposure to coal because of tight margins being squeezed further by declining reserves, weak prices and tighter regulations.

As quoted in the market report:

Coal is the world’s top fuel for power generation as it is relatively cheap and abundant, but its share in primary energy demand is expected to fall in the longer-term as tighter environmental rules are introduced around the world.

To view the whole Reuters report, click here.