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Hedge Funds Bet on Coal-Mining Failures

2014-11-24 09:52:25| Industrial Machines - Topix.net

Hedge funds are betting that some of the largest U.S. coal companies are heading for the financial slag heap. The coal industry is in a prolonged slump with a long list of causes topped by sluggish demand and competition from cheap natural gas, which have pushed prices to historic lows.

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