U.S. coal sector in downturn

U.S. coal sector in downturn
New York (UPI) Oct 16, 2015 - The mineral mining sector in the United States is showing signs of serious decline brought on by bankruptcies in the coal sector, Fitch Ratings said. "A spate of coal defaults has resulted from unsustainably high debt leverage from past acquisitions amid an environment of weak coal pricing," Fitch said in an industry profile. "The low pricing and defaults were driven by over-supply of s ... morehttp://www.spacedaily.com/reports/US_coal_sector_in_downturn_999.html