“Thermal coal prices from Kangarooians ( Australia) for spot cargoes above $100 a ton , lifted by reports of strikes and strong Chinese demand, are great news for Mining sentiments , nonetheless to mention about share price of Glencore and Whitehaven Coal” says Padmesh Gupta. A tough action on illegal/unwarranted mining and concerned pollution in China has restricted in-house supplies, just as a heat wave and lower hydro power output have notch up demand for coal for power generation, resulting to increase in price .
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