Coal prices set to rise


[] — MINING production in coal is expected to stabilise over the next two quarters as companies seek to regain the losses incurred during the recent labour disputes, BDLive reported on Friday.

According to international credit insurer Coface, local coal demand will also be impacted by increases in the coal price as a result of increased exposure to higher-cost, short-term contracts.

BDLive quoted Coface risk analyst, George Marais, who said the surplus conditions in the market pose downside short-term risks, but the firm believes that once supply cutbacks take effect and demand begins to improve the market should become more balanced and support the coal price.