Mozambique’s coal mines shed hundreds of workers as prices slump
Coal sales, which are Mozambique’s biggest export, were worth $2 billion last year, according to data from the country’s central bank.
FT.com quotes research from investment bank Macquarie as saying marginal producers of iron ore, zinc, thermal coal, ferrochrome, nickel and aluminium can't turn a profit at today's prices. Smaller miners are waiting for production cutbacks by the market leaders to...
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