GREY:CPYCF - Post by User
Comment by
mokitaon Sep 26, 2012 12:48pm
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Post# 20416349
RE: Met Coal demand and prices down--indefinitely?
RE: Met Coal demand and prices down--indefinitely? industry pundits are predicting a significant departure from the boom bust coal cycle that has bankrupted companies and tanked stocks. Credible sources are not predicting a recovery. additionally canadian coal will be competing with developing Asian countries that are developing their coal resources and with lower costs for labor and transport how can you imagine a profitable future with CEC? Not to mention the Hinton Coal project is expected to produce coal at a much lower cost than CEC. More and more media exposure on the hidden costs of coal --A Harvard Study to be published demonstrates coal companies profit while $500 billion a year in US for health and environmental costs get passed to taxpayers. And this study doesn't cover the billions needed to cleanup contaminated rivers. The more media attention to coal mine abuses, the more likely companies will be held accountable--like Teck that could be facing a billion dollar law suit for dumping thousands of tonnes of toxins into water and claims they were operating within the Canadian regulatory system.