Consol Energy Reducing Capex, Focusing on Gas

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.

To view the whole Mining Weekly report, click here.