Sumitomo Corp.

Comical Coal Deals Point to Market Bottom

Comical Coal Deals Point to Market Bottom

2 mins. to read

Investors looking for clues that the coal market will struggle to fall much further were handed valuable ammunition this week, after a major Australian coal mine changed hands on Thursday for just one Australian dollar. Only three years ago, the mine was valued at nearly A$1 billion, after Sumitomo Corp., one of Japan’s largest trading…

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