Coal mining costs across the world are being driven higher by surging commodity prices, a depletion of the lowest cost reserves, increased mining and transport work effort, and tighter government and environment regulation, according to William Meister of consultancy Marston and Marston. Speaking at McCloskey's European Coal Outlook conference in Nice last week, Meister said that general mining commodity costs have increased dramatically in the past few years, in particular diesel fuel which for the mining industry has risen in excess of 500 percent in Indonesia and in a range of 100-300 percent in the US, Colombia, South Africa and Austraila.
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