This is part one of a two part series on the outlook for the coal industry. The global coal market has been in decline for the past five or so years, leaving coal miners, such as Arch Coal Inc (NYSE:ACI), Cliffs Natural Resources Inc (NYSE:CLF), Peabody Energy Corporation (NYSE:BTU) and Walter Energy, Inc. (NYSE:WLT) to name a few, looking like value plays. But are they? Is the coal market set for a rebound, or is the industry in terminal decline? The global coal industry The use of coal as a fuel source continues to rise around the world, despite environmentalist…
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