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New China coal mines uneconomic

2014-09-22 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: A potential $112 billion (R1.2 trillion) of coal mine expansion and development to 2025 is uneconomic at current spot coal prices, a report by non-profit financial think tank Carbon Tracker Initiative (CTI) said on Monday. CTI, which works to highlight how investment in fossil fuel resources might be affected by the global drive to curb climate change, said many of the world's future coal mines are not economic as Chinese demand growth slows. The report was published the day before a major...

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