Refer to article in the below link.
http://www.theage.com.au/business/m...comers-to-keep-on-mining-20141013-1154av.html
IMO, regardless of the price of coal, if miners continue with output they must be forecasting the same level of input on the demand side.
IMO coal industry in Australia is alive given the level of talk regarding more mines.
Once ESI get there product through India - Australian miners will have no option but to jump on board.
Watching the Rise of ESI, page-46
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