Just as coal miners had begun to accept their fated terminal decline amid a global energy transition, coal prices started taking off last year, climbing to levels that could never have been predicted.
The benchmark coal price - for the highest quality steam coal – began creeping up from $50 a tonne in mid-2020. A year later, it had exceeded $100 a tonne, and by March 2022, it had reached all-time highs of more than $420 per tonne.Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.
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