With coal up to $300 a ton, marginal mines can make a profit.
With coal up to $300 a ton, marginal mines can make a profit.
Historically speaking. Of course when commodities are high mining inputs are also high (diesel...), so they frequently don't make a killing when you think they would. Good sales prices definitely help keep the lights on, though.
Historically speaking. Of course when commodities are high mining inputs are also high (diesel...), so they frequently don't make a killing when you think they would. Good sales prices definitely help keep the lights on, though.
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