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Coal Company Plans to Close Several Mines

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Stupid **** like this isnt conducive to any sort of debate. Thanks for dragging the conversation into the gutter.
 
The primary reason that coal is hurting is the drastic drop in the price of natural gas. Another major reason is the economic slowdown which has reduced the demand for steel and thus steel production, which is highly dependent on coal. And stricter EPA regs have also played a part.


Chinese Slowdown Idles U.S. Coal Mines - WSJ.com
September 27, 2012
By KRIS MAHER

WHARTON, W.Va.—Slowing growth in China is taking a brutal toll on Appalachian coal mines and coal towns.

Appalachia has one of the world's richest deposits of high-grade coal used to make steel. Thanks to Chinese demand, the price for premium metallurgical coal, whose low-ash and low-sulfur content makes it ideal for steelmaking, hit a record $330 a metric ton in early 2011.

Now, the Chinese economy is slowing and so is its steel industry. That has sent the price of coal used for steelmaking down nearly 50% to $170 a metric ton. Those coal producers who counted on Chinese sales are reeling."..."
That dam Obama EPA!
 
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