Coal Miners in Australia Face $17 Billion Export Decline
Oct 1, 2020
Coal miners in Australia are looking at a $17 billion decline in export earnings as the coronavirus blow on the sector continues and more power utilities in Asia make the switch to gas from coal.
A federal government report that will be released in the coming week indicates the projected declines between 2020 and 2021. This comes after various coal companies recorded sharp profit contractions for the year, like Whitehaven Coal which declined by 95% and New Hope Corporation…
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