Like many in the industry, I am bullish on the long-term prospects of coal in general. Shorter-term, we are seeing improvements in pricing – albeit not at the levels we’d experienced just a few years ago.
As always, the key will be demand growth – greater economic and infrastructure development (roads, buildings, etc.). Government policies supporting that economic growth would go a long way towards building a ripple effect through a number of sectors, including metallurgical coal.
Over the past many months, it has been my pleasure to speak with a number of executives around the industry. I have witnessed difficult decisions, continued optimism and resolve as the industry continues to experience headwinds.
The optimism and resolve come from prior experience with the industry’s cycles, and a consistent belief in the growth and development of economies around the world. As the industry works through these headwinds, companies are continuing to look to the future, and make long-term decisions to preserve their investments in people and operations.
With the type of resolve I’ve seen, I believe that the optimism is well founded and will sustain the industry.
"As always, the key will be demand growth – greater economic and infrastructure development.”
- Roy Hinkamper
KPMG in United States