The Canadian Association of Mines and Energy said Thursday that it would review the company’s long-term economic viability after coal mines in Saskatchewan and Manitoba closed due to the global economic downturn.
The group said it would look at whether the industry could return to its former growth trajectory without coal, but that there are “no clear signs of that happening.”
The group is calling for a review of the mining industry to help determine if it is still viable.
Coal production has dropped sharply in recent years, particularly in Saskatchewan.
The industry is now expected to lose a quarter of its total value in 2019, as the industry shrinks as coal prices decline and mining firms struggle to find new revenue sources.
Coal has also become increasingly expensive as demand for its raw materials has waned.