“We have the absolute destruction of the coal industry,” Bob Murray, CEO of Murray Energy, said in the article. “If you think it’s coming back, you don’t understand the business … because it’s not going to come back.”
KOL includes global coal industry exposure, including U.S. 37.2%, China 24.1%, Australia 10.3%, Indonesia 7.3%, Thailand 6.6%, Canada 4.8%, South Africa 3.5%, Philippines 3.5% and Poland 2.7%.
Market Vectors-Coal ETF
For more information on the coal industry, visit our coal category.
Max Chen contributed to this article.