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Bankruptcies fail to cut US firms' coal supply glut

Continuing glut threatens to depress prices for years, put more firms and jobs at risk

Five US miners have sought bankruptcy protection since April 2014. Some of the failed companies have restructured debt, others have sold mines at bargain prices to former rivals.


NOT even bankruptcy is stemming the US coal glut. Production at coal miners that declared bankruptcy in the past four years rose 3 per cent on average, through the third quarter, an analysis of four companies by Bloomberg Intelligence shows.

Mines formerly owned by James