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Investing in coal mining stocks seems like a futile pursuit at the moment. Despite a pricing rally and recovery in the share price of the remaining coal miners that haven't gone belly up, the industry's future still looks stark.

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Coal mining is the process of extracting coal from the ground. Coal is valued for its energy content, and, since the 1880s, has been widely used to generate electricity. Steel and cement industries use coal as a fuel for extraction of iron from iron ore and for cement production.

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These West Coast miners from the end of the 19th century pause in their labours. The traditional technique for extracting coal, which miners brought from Britain, depended entirely on muscle power. Miners chopped out coal with picks and then shovelled it into waiting carts. In the sound file, a ...

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