Even Goldman Sachs is thumbs down on new coal export terminals, - TopicsExpress



          

Even Goldman Sachs is thumbs down on new coal export terminals, forecasting that the confluence of oversupply and weakening demand is here to stay - "The prospect of weaker demand growth (we believe seaborne demand could peak in 2020) and seaborne prices near marginal production costs suggest that most thermal coal growth projects will struggle to earn a positive return for their owners; in our view, this is reflected in the way diversified mining companies are reallocating their capital towards more attractive sectors." Are Port Metro Vancouver and ridley listening? bit.ly/18NimLM
Posted on: Tue, 30 Jul 2013 21:12:08 +0000

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