Shumba forecast depressed coal prices

Friday, April 04, 2014

Shumba Coal has noted that while average commodity prices have stabilised and coal consumption continues to rise, prices, however, are forecasted to remain challenging.

In its consolidated statement of comprehensive income for the half year, ended December 31, Shumba Coal states that in the reporting period they have seen the continuation of the depressed environment for junior miners seeking to raise capital in all markets.

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Shumba forecast depressed coal prices

Shumba Coal has noted that while average commodity prices have stabilised and coal consumption continues to rise, prices, however, are forecasted to remain challenging.