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Climate Laws Won't Affect Burning of Thermal Coal, AME Says
2010-08-16 00:25:03.470 GMT
By Ben Sharples
Aug. 16 (Bloomberg) -- Laws aimed at combating climate
change won't reduce the burning of coal to fuel electricity
generation, Michael Dixon, manager of business development at
AME Mineral Economics, said at a conference in Brisbane today.
China and India will drive thermal coal demand with rising
mining costs supporting prices in the medium to long term, Dixon
said.
AME forecasts a thermal coal price of $105 a ton in 2011,
he said.
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To contact the reporter on this story:
Ben Sharples in Melbourne at +61-3-9228-8732 or
bsharples@bloomberg.net
To contact the editor responsible for this story:
John Viljoen at +61-2-9777-8657 or
jviljoen@bloomberg.net
