, Columnist
Rio Tinto's Coal Canary Stops Tweeting
The black stuff's future is dimming. Companies are right to be bowing out.
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From a certain perspective, coal appears to be enjoying a renaissance.
Prices at Australia's Newcastle port, the largest export harbor for the thermal coal used in power generation, have held above $90 a metric ton for eight months, the best run since the market peaked between 2010 and 2012, only dropping below that level this week.