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02
Jun
2016
Bleak quarters ahead for US coal producers as industry contracts faster than expectedBy:Creamer Media Deputy Editor: North America COAL Analysts of the Fitch Group-affiliated company BMI Research have revised down their US coal production contraction forecast for 2016, from 12% to 20%, citing output declining at an accelerating pace. The firm now forecast US coal output to fall from 562-million tons in 2016, to 589-million tonnes by 2020, averaging a yearly decline of 6%.
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