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With thermal and metallurgical coal prices continuing to test new depths 2016 is emerging as a shakeout year for the Australian coal sector. ‘Sticky’ supply is slowly coming out of the market while China appears to be making serious attempts to address over-capacity in its mining and steel sectors. Mine asset sales and closures have already sped up this year and more are expected to follow as the Australian industry is finally forced to respond to an unsustainable price environment.
Against this background IHS Coal will share its views on the state of the regional economy and the outlook for Asian coal markets.