UK miners hit by cheap coal, dear diesel despite …

LONDON (Reuters) – Surging UK coal use should have made 2012 a profitable year for domestic miners but slumping coal prices and high diesel costs have viciously squeezed them. More production and job cuts will be on the cards unless mining firms can attract investors just to maintain current output because banks are increasingly unwilling to lend. Britain’s largest miner UK Coal, dogged by debt …
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