Mining analysts predict there will be a decrease in the price of coal during the year 2009. This decrease will affect the exploration and production of coal mines from several countries coal.

China is a country has the potential of coal mine that is big enough and the results of the exploration of coal mines in China’s export to Japan and South Korea.

Predicted decline in the price of coal is estimated at 40 percent, from 131.4 dollars per ton to be 79 dollars per ton.

Companies mine China expects the Chinese government anticipate a decrease in the price of coal. Following statements from some companies in China about the decline in the price of coal.

Mr Chen Guangshui, general manager of Shenhua’s investor relations department, forecasted that his company’s 2009 coal export price and volume will be lower than those in 2008.

Mr Jin Run an analyst with Guotai & Junan Securities said as coal demand from Japan and South Korea has been shrinking, Chinese coal enterprises may reduce coal prices to retain their overseas customers.

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