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Analyst sees overseas profits for US coal firms

Resource Investing News | May 20, 2011 | 10:03 pm Energy Europe Coal 

Forbes reported that demand for Appalachian coal should drive up profits for US producers.

The market news is quoted as saying:

India and Europe will likely to import more of the plentiful, dirtier-burning coal used by electric plants, Brean Murray Carret & Co. analyst Jeremy Sussman said in a research note Friday.

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