Summary
India is ramping up coal use.
Energy alternatives are complicated and expensive.
Metallurgical Coal is gaining along with other commodities.
After cutbacks, miners are making profits once again.
Is the sun going down on Coal? not according to Peter Bradley (ex Goldman Sachs). Bradley set up Javelin Global Commodities in June last year. He has partnered with Murray Energy, E.ON and a few other ex commodity traders from Goldman Sachs. Together, they hope to take up the slack as major investment is being pulled out.
“The coal generation industry globally is going to be a tough business which creates opportunities because there’s a real desire and need to change – it’s change or die,” said Bradley.
Thermal Coal
