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    coal investing

    New Power Stations to Fuel Coal Demand in Zimbabwe

    Investing News Network
    Mar. 30, 2012 03:26PM PST
    Industrial Metals

    Reuters reported that the future of Zimbabwe’s coal industry is dependent on the construction of new power plants that will rely on the fuel.

    Reuters reported that the future of Zimbabwe’s coal industry is dependent on the construction of new power plants that will rely on the fuel.

    As quoted in the market news:

    The country is currently wasting tonnes of low-grade coal by backfilling it into mining pits because there are no takers. Henson said Zimbabwe’s industries have yet to recover from near collapse during its years of hyperinflation, and demand for coal has yet to recover.

    Click here to read the full Reuters report.

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