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Emerging economies to drive rising coal demand

Emerging economies to drive rising coal demand

BY TONY FEATHERSTONE

Much life is left in fossil fuels despite first-world move towards renewable energy sources.

If Australia’s coal industry is living on borrowed time, then nobody has told ASX-listed coal stocks. Several have had large share price gains in the past 12 months, despite persistent gloom about coal’s future and a subdued local share market.

Australian Resources and Investments (AR&I) analysis shows that 10 coal stocks have rallied more than 50 per cent over one year to March 2019. TerraCom (formerly Guildford Coal) tops the table with a total return of 210 per cent over 12 months.

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