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Coal Producers Rise on Court’s Delay of EPA Pollution Rule

Jan. 3 (Bloomberg) -- U.S. coal producers including Peabody Energy Corp. and Alpha Natural Resources Inc. rose after a federal court ruled that the Environmental Protection Agency must delay implementing air-pollution regulations.

Peabody, the largest U.S. coal-mining company, rose 9.5 to $36.27, the biggest gain in a month, while Alpha climbed 8 percent.

James River Coal Co., which operates mines in Kentucky, rose 11 percent, while Patriot Coal Corp. advanced 7.8 percent.

The U.S. Appeals Court in Washington late on Dec. 30 granted a request by electric power producers and other challengers to delay the deadline for some plants to start reducing some polluting emissions.

The EPA’s Cross-State Air Pollution Rule seeks to impose caps on sulfur dioxide, which can lead to acid rain, and nitrogen dioxide, a component of smog, in Texas and 26 eastern states.

To contact the reporter on this story: Sonja Elmquist in New York at selmquist1@bloomberg.net.

To contact the editor responsible for this story: Simon Casey at scasey4@bloomberg.net.

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