By: Andrew Moran
Have rumors of coal’s death been greatly exaggerated? For years, it had been reported that Coal Country was on the brink of devastation as markets worldwide, including China, had been transitioning from the energy material and into greener alternatives, like natural gas and renewables. However, in the post-pandemic economy, it might be a matter of what is old is new again, with a growing number of nations depending on the rock for their energy needs. Is the treasured Christmas gift making a comeback, or is it a temporary substitute until the commodities supercycle subsides and international commerce stabilizes? Gift givers might put that lump of coal back as stocking stuffers this year.
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SHANGHAI (Reuters) - The world's coal producers are currently planning as many as 432 new mine projects with 2.28 billion tonnes of annual output capa.
Read more about World s coal producers now planning more than 400 new mines: Research on Business Standard. The world s coal producers are currently planning as many as 432 new mine projects with 2.28 billion tonnes of annual output capacity putting targets for slowing global climate change at risk.