Southern Co. (SO) Tops Q1 EPS by 6c
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Two U.S. coal miners see growth amid sector's gloom
May 2, 2018 1:18 AM EDTBy Richard Valdmanis
(Reuters) - U.S. electric utilities are expected to shut hundreds more of their coal-fired power generators in the coming years, extending a long trend away from coal and toward natural gas that has cast a pall over the mining industry.
But not every U.S. coal company sees a bleak future.
Ramaco Resources (NASDAQ: METC), which produces coal for steel mills, and Consol Energy (NYSE: CEIX), which supplies coal to larger power plants, have ramped up investments even as the industry shrinks.
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