U.S. Slashes Coal Production Forecast to Near Three-Decade Low
- U.S. cuts 2015 U.S. coal forecast to 913.6 million tons
- Producers closing mines amid unprecedented price collapse
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The U.S. Energy Information Administration lowered its outlook for coal production for a seventh time this year, projecting that output will slide to levels not seen since the mid-1980s.
America’s coal output will shrink to 913.6 million tons in 2015, the least since 1986, the agency said in its Short-Term Energy Outlook on Wednesday. That’s down from last month’s forecast of 916.9 million tons.