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12.03.2015 14:38:00
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Moody's: Weak Demand Leads to Negative Outlook for North American Coal Industry
New York, March 12, 2015 -- The outlook for the North American coal industry has been changed to negative from stable, Moody's Investors Service says in a new report. Persistently weak demand for metallurgical (met) coal will lead to lower earnings over the next 12-18 months, and along with near-term challenges in the thermal coal sector will exacerbate the industry's long-term, secular decline.
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