Coal needs higher prices to survive – Prevost

Coal needs higher prices to survive, XMP Consulting coal analyst Xavier Prevost said on Wednesday in a presentation that positioned South Africa as the world's sixth-largest producer of the mineral with a reserve of 32-billion tonnes. Speaking at the IHS Energy South African Coal Exports Conference 2015, he spoke of South Africa’s own local internal domestic market, which needs more coal, not following the downward price trend of export coal.