(AP) — Hard times for the coal have spread from Appalachia to the Rocky Mountain region.
There, a three-year moratorium on leasing federal coal leasing has added uncertainty to an industry already dealing with bankruptcies of major producers and diminished hope for exporting
No town out West has more at stake with coal than
. In the past, coal helped
ride through downturns in oil and natural gas.
This time, locals aren't sure how their town on the high plains will return to prosperity.
The recently announced leasing moratorium will affect only a handful of leases in
. Analysts say pollution regulations and weakening demand already have damaged the coal market.
They say the leasing moratorium only adds to the troubles facing the coal industry.
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Source: Equities.com News
(January 31, 2016 - 4:20 PM EST)
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