Industry | 2014.04.11
Fitch: James River Filing Unlikely to Alter Competitive Terrain
NEW YORK--(BUSINESS WIRE)--The latest bankruptcy filing in the coal industry is not expected to change the competitive landscape as the natural gas revolution continues, according to Fitch Ratings. James River Coal Co. (JRC) this week filed for bankruptcy as low coal prices brought on by cheap natural gas continued to place pressure on company margins. Globally, both metallurgical (met) and steam coal are in excess supply and prices are weak. Coal producers have been running for cash with a foc
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