Pillay, Amritha. “Rise in Imported Coal Prices Puts Overseas Coal Mines Back in Focus.”Business Standard News. Business-Standard, 20 Nov. 2016. Web. 21 Nov. 2016.(http://www.business-standard.com/article/companies/rise-in-imported-coal-prices-puts-overseas-coal-mines-back-in-focus-116112000644_1.html)
The article summarizes the increase in coal prices and the results from it. India has now increased its investments in their mines as a result. The company, GMR, has invested 500 million dollars recently into Indonesia’s PT Golden Energy to purchase 30 percent of the stakes. A coal analyst that was quoted in the article said that the increase in coal prices may cause many of the energy companies to invest in coal mines if the price begins to firm.
The article leads us to the conclusion that the increase in coal prices could actually allow the coal market to grow. The large investments from the energy companies would allow the growth to happen. This could hurt the environment since the energy companies would still continue to use coal to create energy.
I enjoyed reading the article you chose and your opinion on situation. While reading the article i was just very shocked to see the prices of coal increasing. Coal is a very important in many states and I’m kind of not that surprised that prices are going up, but the amount of coal is insane. Coal isn’t going to last forever, so all the states that depend on it, will have to find another resource.