The global coal sector had a tough time in 2013: low prices drove low margins and a strong focus on cost control. We anticipate more of the same in 2014, as operators continue to face a difficult environment. Here we outline seven key themes that could shape the year ahead, and assess potential risks to our forecast.
Table of contents
China to dominate global pricing
US exports to slip; Australian growth to slow
Fiscal changes creating uncertainty
Cost control continues, but with less potential
Key projects must see progress in 2014
Non-core divestments and distressed sellers could define the M&A market