coal miners

Can a coal mining company survive in world where the buzzword is to be "green"? Geo Energy Resources thinks so.

“We don’t have a global outlook for coal, but if we did, it would be negative,” says Benjamin Nelson, an analyst at Moody’s Investors Service.

Ratings agencies did not look too kindly at Geo Energy’s consent solicitation and warn noteholders that by rejecting this offer, they run the risk of facing “more onerous terms” in a few months’ time.