Some US coal mines to fold, XCoal exec says

Apr 29, 2013 | 04:16 PM | Juan Weik

Tags  coal, Coaltrans Brazil and South America conference, XCoal Energy & Resources, Jack Porco, U.S. coal miners, coal mines, Juan Weik

SÃO PAULO — The difficult conditions facing the global metallurgical coal market will probably lead some U.S. mines and companies to go out of business, a senior industry executive said at the 6th Coaltrans Brazil and South America conference in Rio de Janeiro.

"I hate to say it, but not every coal mine is going to survive in this market," Jack Porco, president and chief commercial officer of Latrobe, Pa.-based XCoal Energy & Resources LLC, told delegates April 26.....

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