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ON the whole, US coal producers moved higher in afternoon trading Tuesday, after President Obama outlined his climate change initiatives. Arch Coal gained 4.1% and the variable Walter Energy was up more than 7%. Alpha and Peabody rose 2.6% and 1.2% respectively. It remains to be seen whether the gains were due to bullish investors or a general relief that the plan was not as bad as expected.
26 June 2013
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