Despite shrinking domestic numbers, demand for coal is growing internationally

Recent years have been difficult for the coal industry in the United States. James River Coal Co. (ticker: JRCCQ) laid off a quarter of its workers, and Consol Energy Inc. (ticker: CNX), another major player in the coal industry, sold off five Appalachian mines to privately held Murray Energy, representing close to 50% of Consol’s coal output, according to the Wall Street Journal. The overall level of people employed in the U.S. coal mining industry has declined 1...

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