Sky-high coal prices won’t spur new mines


Bosnian coal miners work in an underground tunnel at a mine iBosnian coal miners work in an underground tunnel at a mine in Zenica, Bosnia, - AP filepic

LONDON: The highest coal prices in years aren’t enough to spur investment in new mines in the face of heightened efforts by governments and financial institutions to get the world to abandon the dirtiest fossil fuel.

Prices are surging from China to Europe as demand for coal rebounds from a virus-induced hit, and temporary mine outages curtail supply.

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coal , high prices , mines , China , Europe , demand ,

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