No one needs reminding that miners face tough times as commodity prices continue south. But last week Anglo American boss Mark Cutifani reminded investors anyway. In a speech he used the word ‘grim’ to describe the outlook for the industry, in particular for thermal coal. Sure, his words were aimed at Australian policy makers to highlight how regulation is eroding the country’s competitiveness in mining. But producers of thermal coal, which is used to generate electricity, have more than just that to worry about.
不用提醒都知道,隨著大宗商品價格持續下跌,礦企的日子會很不好過。但在上周,英美資源集團(Anglo American)掌門人馬克?卡蒂芬尼(Mark Cutifani)還是提醒了一下投資者。他在講話中使用了“嚴峻”一詞來描繪該行業的前景,尤其是熱煤的前景。沒錯,他的講話旨在影響澳大利亞政策制定者、凸顯監管正在如何侵蝕該國礦業的競爭力。但是,熱煤(用于發電)生產商需要擔憂的事情可不止是這一點。