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Arch Coal, other coal stocks fall after election

Mitt Romney’s comments during the campaign helped give coal stocks a month or so of strong advances.
Justin Sullivan/Getty Images/File 2012
Mitt Romney’s comments during the campaign helped give coal stocks a month or so of strong advances.
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Coal stocks crumbled after Mitt Romney’s loss ended investors’ hopes for friendly treatment of the industry. The stocks had a strong run for a month, in part because of Romney’s saying he would “make sure we can continue to burn clean coal.” James River Coal fell 30 percent while Alpha Natural Resources declined 12 percent, and Peabody Energy fell nearly 10 percent.