The bad news for the coal industry has seemed relentless throughout 2015.
While campaigners against fossil fuels have kept up a steady drumbeat of calls to disinvest from companies producing coal, prices and share values of producers have continued to head south. The year may end with more moves against coal and other fossil fuels at global climate change talks next month in Paris.
Thermal coal prices from Australia, a widely used global benchmark, are down about 60 per cent from 2011. In the US, some well-known coal miners including Walter Energy and Alpha Natural Resources have entered bankruptcy, unable to cope with the price drop.
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