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Coal finds confidence

WALL Street rallied on Friday as new data showed US employers increased hiring last month and a statement on Thursday by European Central Bank stoked optimism about direct action to address the eurozone debt crisis. US coal stocks responded with a 5% gain from Peabody and Consol Energy while Arch Coal and Cliffs Natural Resources picked up 4% on the day.

Staff Reporter
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A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

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