Coal industry value dives 60% in two years

With the capitalist maniac "markets will solve all" doctrine of the Abbott gov, you'd think they'd listen to something like "market forces" and take responsible action for the future as a gov.

But no, with the coal industry losing 60% of it's value in the last two years, Abbott wants to dig up the Reef to mine more coal. Imagine running a company like that? The shareholders would string you up.

Collectively, these companies were worth $15 billion in January 2012 but as of September 2014 were a shadow of their former selves, losing over 60% of their collective worth to be now valued at $5.9 billion. 

Even the big, diversified miners have struggled. While the ASX 200 has grown 40% since January 2012, both BHP and Rio have underperformed the market, only briefly poking their share prices into relatively positive territory. more