Anyone have thoughts on these graphs? I find to believe that over 50% of Australian coal mines are running at a higher cost than Curragh (which is losing money). Surely the mines that sold for $1 in the last downturn don’t have that deeper pockets?
If it is accurate, you’d have to think closures and then benchmark price improvements can’t be far off?
Anyone have thoughts on these graphs? I find to believe that...
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