Old King Coal, not such a merry old soul
4 mins. to read
The Australian coal market is famously volatile. So why are so few companies built to withstand the cycle? Once a busy corner of frenzied bidding battles, Australian coal miners have become a dwindling breed. Battling thermal coal prices of $56 per tonne, down from over $150 in 2011, Whitehaven is nursing losses after an ill-timed…