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Energy

Australian coal majors' earnings swell as demand takes off

'Live with virus' strategies, Ukraine war, even bad weather inflate prices

The Port of Newcastle in Australia is expected to get busier now that Russia's invasion of Ukraine is adding to the upward pressure on coal prices. (AAP)

SYDNEY -- Australian coal producers' earnings are on the way up as emerging markets decide to live with the virus and begin to demand more energy, one of many factors sending coal prices higher.

Russia's war in Ukraine -- a more recent factor -- is now expected to steepen coal's ascent, according to some analysts.

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