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Global coal supply summary: April 2015

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Report summary

Our analysis of global coal supply shows the pressure coal producers are currently under. The report includes a presentation and the supporting data. While global production continues to increase we estimate 208 million tonnes of thermal coal and 55 million tonnes of metallurgical coal will operate with negative margins in 2015. We also expect continued cost reductions in 2015 with cash costs for export thermal coal down 7% to US$55/tonne and by 8% to US$89/tonne for export metallurgical coal.

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