TSXV:MOX - Post Discussion
Post by
cupricity on Feb 14, 2022 4:28pm
7% decline in investment intentions for coal as per Reuters.
Looks like Coal is staying high for the foreseeable future until something else kicks in to replace it. Meanwhile imagine if you had a big mine at the edge of the ocean waiting to flick a switch and start making megabucks?
In Australia environmental activism has progressed from small groups chaining themselves to coal-export equipment to sophisticated groups using court challenges and pressuring banks and investors to move away from coal.
Coal miners are finding it harder to raise cash and insure projects, a trend likely to continue as climate change gains a bigger share of the public consciousness.
https://www.reuters.com/markets/commodities/thermal-coals-record-price-run-may-end-up-its-own-worst-enemy-2022-02-14/
The Australian government's commodity forecaster in a December report on investment intentions in resources said that the value of coal projects dropped 7% between 2020 and 2021, compared with a 25% jump in that for critical minerals and 36% for gold.
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