Mining Weekly reported that Consol Energy is reducing capital expenditures and is streamlining its focus towards natural gas, away from coal.
As quoted in the market report:
Eastern US-focused diversified fuel producer Consol Energy on Monday said it planned to reduce its 2013 capital expenditure (capex) budget by about 11.5% to between $1.29-billion and $1.5-billion, the bulk of which would be spent on its natural gas division.
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