FOCUS: Two U.S. coal miners see growth amid sector’s gloom


FOCUS: Two U.S. coal miners see growth amid sector’s gloom

U.S. electric utilities are expected to shut hundreds more of their coal-fired power generators in the coming years, extending a long trend away from coal and toward natural gas that has cast a pall over the mining industry.

But not every U.S. coal company sees a bleak future. Ramaco Resources, which produces coal for steel mills, and Consol Energy, which supplies coal to larger power plants, have ramped up investments even as the industry shrinks.

President Donald Trump has promised to revive the coal sector by stripping away burdensome regulation. But the two companies say their confidence stems more from market forces than any policy. Their bullish bets illustrate how pockets of profitable growth can survive in troubled industries facing almost certain decline. Read More

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